Coinp&ny registralioii i)uinbei': 02646454 Chai'ity I'egisti7tion iiuinber.. 1025961 Age UK Bradford District Ltd (A coiiipany liinited by gua17nt¢e) Annual Report and Fiiiaiicial Staten)ents for the Ye81. Ended 31 Marcli 2025
Age UK Bradford District Ltd Contents Ti'ustees, Repoit I to I I Ii)d¢pendent Exai)iineVs Report 12 Sialement of Financial Activities 13 Balance Slieet 14 Stateinent of Cash Flows 15 Notes lo tile Fiiian¢ial Sialei))ei)Is 16to29
Age UK Bradford District Ltd Trustees, Report Tl)e Trustee5 (who al'e a150 directors of Age UK Bi'adfoi'd District foi. tl)e purposes of company law) are pleased to present tl)eii' ai)i)ual I'epoit togethei. witl) the coiisolidated fiiiaiicial stateiTr)eiits of the cl)arity for the yeai. ei)ding 3 5 sl Marel) 2025, which are also pi'epared to ij)eet tlie I'equii'eiiieiits foi. a dire¢toi's' report and accounts foi. Companies Act Pui'poses. Tlie fii)ancial statements comply with Ilie Cliarities Act 201 I, Ilie Coiiipanies Act 2006, Ilie Articles of Association, ai)d Accounting and Reportii)g by Cl)ai'ities'. Siateiiieiit of Recoiiiinti)ded Pi'actice applicable to cliarities pi'epai'ing tl)eir accouiits in accordance witli tlie Finaiicial Repoitiiig Standai'd applicable in the UK aiid tlie Republic of li'eland (FRS102) {effective l JanLiary 2015). Refei'ence aiid Administi'ative Details Age UK Bradfoi'd Dislrict is a cllaritable compai)y liniited by guarantee. Tlie coiiipaiiy {coii)pany iiunibei. 02646454) was incoi'porated on 17 Septeinbei. 1991 as Age Coi)cerii Bradfoi'd & Disli'ict as ainended by special resolutioii passed 21 Jlily 1993 at)d registered as a cl)arity (cliai'ity numbei. 1025961) 01) 13 Septembei. 1993. Tlie company cl)anged its naiiie to Age UK Bi'adford & District by special I'esolution passed J l Janiiaiy 2012. A fLlltliei' change to its aiticles was Inade in Septeiiiber 2019 by Special Resolution wliicli changed the charity name to Age UIC Bi'adford Di5ti'ict and adopted iiew aiticles in liiie witli best practice. Chai'ity Regisli'ation Nuinber.. 1025961 Company Registration Numbei.: 02646454 Tlie chai'ity is incoi'porated in Englaiid and Wales. 75 Wrose Road Shipley BD18 IHX Registei'ed Office.. Iiidependent Exaniii)ei': Mark Wilcock FCA Watson Buckle Liinited Chartered Accountants Yol'k House Cottiiigley Busii)ess Park Bradford West Yorksliire BD16 IPE Bankers: Batli Building Society 15 Queen Square Batli BAI 2HN Natwest Bank Mai'ket Sti'eet Bi'adfoi-d West Yorkshii'e BDI INE Unity Ti-LlSt Bank plc 9 Bi'indleyplace Bii'niingliam BI 2HB Page I
Age UK Bradford District Ltd TR'ustees' Report Ti'ustees and offieei's Tlie trustees and officeis seiwing dui'ing the yeai. aiid since Ilie yeai. end were as follows: Ti'ustees.. David Pass (appointed l O Jui)e 2024) Joiiailian Stead Noor Jahaii Ali {appointed 10 Jui)e 2024 and I'esigiied l O October 2025) Gill Tlioi'iilon Joanne Volpe Cail)ei'ine Sunlei. (appointed l O June 2024) Aiithony Porlei. (appointed l O June 2024) Jeiii)ifer Lee (I'esigiied l O June 2024) Amanda Peters (resigned 28 Oclobei. 2024) Cliair: Joaiii)e Volpe Mai'k Roundiiig Cl)ief Executive Officei.:
Age UK Bi'adford District Ltd Trustees, Repoi't Structui'e, Govei'nAnee aiid Management Age UK Bradfoi'd District {AUICBD) is a coinpany liinited by guarantee govei'ned by its Memoi'anduin and Articles of Association dated 21 July 1993 aiid aniended to allow for cui'i'eiit goveriiaiice ari'aiigei)iei)ts on 30 Septeiiiber 2019. It is I'egislered as a cliai'ity with the Cliai'ity Commission. Tl)e cliarity I'emaii)s and will reiiiaii) ali indepeiidei)t local cl)ai'ity. Appointment of Ti'iistees Tl)e Officers {Chair and Vice Cliaii. and ordinary Trustee Boai'd Inembei's al'e elected foi- up to 3 tem15 not exceeding 8 yeai's in total. Co-opted niembers (up to 4) seiwe foi. one year. Ti'uslee Induction and Traiiiing New Ti'ustees (and ¢xisliiig Trustees) al'e indueted to ii)foi'm tl)em of Iheii. legal obligations uiidei. cliai'ity and eompai)y law; Ilie govei'ning dociiments- slriictures, coiiimittees and decision i)iaking pi'ocesses, planning, monitoring and I'eview ari?i)geiiieiits aiid the pei'foi-iiiance of the chai'ity agaii)st its cui'rent biisiness plan 8iid finaiicial lai'gets. Tl)e induction aiid ti'ainii)g prograiiimes wei'e reviewed in 2023 and now includes meetings witt) represeiitatives of staff and voluntary suppoi't teain n)embers. Ii) addition updates fi'oni the Cl)arity Coiniiiissioii al'e iiicluded as an ageiida itein at eacl) boai'd Ineeting. Given Il)e iiumber of iiew Ii'ustees joining the Board ii) 2024 an induction session was held witli t]ieni, existing lisleeS and led by Age UK Natioi)al's Finaiicial Goveriiaiice Manager and Head of Quality. The Chai'ity also suppoits its Trustees Éo be involved in Age UK National Jnd Age UK Yorksliii'elHumbei' Region and oÉliei' organisation's training and events. Oi'ganisation The Trustee Board adniinisleis Il)e charity. In tlie year under review tlie Board niet on a bi-iiiontl)ly basis supported by coiiii)iittees providiiig n)ore focussed analysis and scrutiiiy. The coinmittee structui'e ivas reviewed in July 2021 and die followiiig establislied after tlie AGM iii October 2021.. Business Developiiient & Opei'ations Fiiiaiice Coiiiniittee People & Oi'ganisational Developinenl All Trustees give tlieir tin)e as Trustees volui)lai'ily. Any expenses clain)ed by tlie Ti'ustees al'e set out in note l O to tlie accounts. Key mailagemeiit Tlie Ii'ustees considei- tl)e Senioi. Leadersliip Teai)I, consistiiig of 2 posts, as coiiiprising the key Inai)agement pei'soniiel of the chai-ity in cl)arge of directing and ¢oi)tiolliiig tl)e cliarity and I'unnit)g and operatii)g tlie cl)ai'ity on a day to day basis. Tlie posts al'e Cliief Executive and Deputy Chief Executive. Tlie pay of all Il)e chRI'ity's einployees is I'eviewed aniiually. Tl)e rei))unei'ation is also conipai'ed witli el)arilies of a siii)ilai- size and activity to eiisure Iliat Ilie I'emuneiatioii set is fair ai)d iiot out of lii)e willi tliat generally paid foi. si5)iilar roles. Salaiy increases liave been awarded in liiie ivitli slatlltoiy it)creases iii t]ie natioi)al minimuiy) wage aiid in 2022 tliei'e was also a I'egi'ading of certaiii staff salai'ies iii order to eslablisli pai'ity betiveei) I'oles of a siinilai. respoiisibility. Tlie boai'd is coiiin)itled to continuii)g to develop aiid ii)Ipi'ove staff salary levels wliei'e it is financially possible to do so. Risk Maiiagejnent Tl)e Trustees l)ave a I'isk nianagenient strateuy wliicli compi'ises ali ani)ual I'evi¢w of Ilie risks wliieli tlie cl)ai'ity niay face. Tliis feeds into Ilie business continuity plan. Page 3
Age UK Bradford Disti'ict Ltd Trustees, Report Risk Management is ovei'seen by Ilie Boai'd witli eacl) Conimittee taking I'esponsibility foi. preparing and moniloi'ing Il)e i'isks ii) theii. ai'ea of work and bi'inging tl)ese to tlie attentioii of the board. Eacl) yeai- tl)e comn)ittees advise Ilie Boai'd on tnatteis relatii)g to the management of risk by: idei)tifyiiig tl)e niajoi. risks that apply lo Ilie chai'ity. • IJ)aking I'ecott)i))ei)dations about Iiow to respond to ai)d iknitioate risks, recoinmending ai) appiopi'iate stateiiieiit I'egarding risk Ihanageinent in the Annual Repoi'l, identifying 'owneisliip" of tl)e I'isk within tlie Chai'ily's manageiJ)ent teain and Ti'ustee con)i)iittees reviewing and adapting tl)e biisiness continuity plaii as appropi'iate In I'eviewiiig risks, the Trustees have taken into account the iinpact of staff vacancies and Staff ai)d support team In¢nibei' sicki)ess levels and the iiicreasing cllallenges aiouiid recruitiiient of staff. The l)igliest risks identified in 2024 wei'e aroui)d inconie genei'2tioii targets not being achieved, ability to Inaiiilain Hub Openino linies, i)ol iiiaintaii)ii) voluntaiy suppoit teain meiiibei. levels aiid business continuity planning not being sufficient to meet Ilie situations needs. Tl)ese al'e addi'essed by daily monitoi'ing of iiicoine geiiei'ation targets and regLilai'ly I'eporling to Ilie Finance Conimittee, I'eviewing suppoi'l teani i))einbei' retei)lion and reciltment plans aiid a I'eview of tlie Busii)ess Coi)tinuity Plan. Trustees eontinue to believe tliat Il)e Cl)ai-ity's engageinent locally, along with its involveiment will) Age UIC nationally ensure effective knowledge sl)aring ai)d iiifluenciiig in tei'ms of policy decisioiis affectiiig people ii) later life. Health and safety risk assessments are cari'ied out annually. This is in addition to reviewiiig any 'iiear inisses, oi. significant iiicideiils. Tliese assessments are stored at all locations across Ilie orgaiiisatioii and all site repi'esentatives l)ave undergone ti2iiiing on Healili and Safety and I'isk Iiianagemenl. Tliei'e is a holistic approacli to risk within the oi'ganisation with additional i'isk i)ianagement piDtocols in the forin of; COSHH, lone working, fil'e I'isk, individual employee and support team meiiiber assessinents. Tlie pioeess is ovei'seen by tlie designated Healtli and Safety officei.. Audit processes and I'ecoi'diiig tools al'e utilised to review site risks on a daily, weekly. Inonthly, six Inonilily ai)d annual basis. The organisalion coiiiplies will) Il)e West and Norili Yorkshire Adult Safeauarding piocedures. All staff witl)in Ilie oi'gai)isalion are expeeted lo alteiid Safeguarding Ii'aii)ing as a Inandatoiy requirei))ent. All existing staff l)ave now attended this Ii'aining. Fuithei'iJ)oi'e designated Safeguai'dii)g Officei's al'e iii place lo suppoi'l and i'eview any Safeguai'ding concerns and ensiii'e effective impleinentation of the associated Safeguai-ding policies. In 2022 tlie Boai'd appoiiited a trustee to lead on issues relating to safeguai'dii)g. The Cliarity lakes Ilie safety of all staff, suppoit teaiii n)eii)bers and Il)e people we ivork witli very seriously. Persoiial Safety aiid Loi)e workiiig reniain a pi'iority. This is also reflected in tlie lone workei. policy, risk assessilient and Ii'aining scliedule. Objectives Activities Serving all the ai'eas of Bi'adfoi'd, Keigliley & Ilkley, Sl)ipley & Bingl¢y AUKBD is botli a local ¢l)arity and a iietwoi'k pai'tner of Age UK National. Oui. iiiission is to ei)3ble, eiiipower and support people to live well as active, engaged and iiiflueiitial Ineinbei's of tl)eir coiiiinunilies. We will work to ei)sui'e tl)al eveiyone's coi)Ii'ibution is valued and Iliat ii)dividuals aild tl)eir coiiiinunilies piovide niutual suppoi'l wliich pi'oinotes iiidepeiidence, inclusion, clioice ai)d ¢onti'ol. Our ambition is to build on Il)e oppoi'lunities pi-ovided by tlie divei'se coiniiiunilies that compi'ise Bi'adford District to meet the prioi'ities and ¢l)allenges ideiitified by people in tl)ese coiniiiunities and to help older people iii tl)e disti'ict to live theii. best life. We cannot acl)ieve this aloi)e. or indeed wiilioul oui. valiied pai'tners in the voluiitaiy and coi)Iniunity sector oi. tl)e public sectoi.. It Is an ainbition tl)at aiiiis to ei)able iiidividuals aiid coiniiiunities to becoi)ie liubs of self lielp and support, addressing isolatioii, pioi)iotii)g ii)depei)deiice, inclusion, clioice ai)d eonli'ol and ei)abliiig wellbeing, coiifident iii Il)eii' voice to infliieiice tlie cii'CLllllStances atid enviioniiient in wliicl) Iliey live. PAge 4
Age UK Bradford District Ltd Ti'ustees, Report Age UK Bi'adfoi'd District will listen to, engage and woi'k with oldei. people and Élieir fi'iends and families. The fociis is oli eiiablii)g, eiiipowei'ing and suppoiliiig theiii lo I'eniaiii ii)depeiident, active and engaged Iiieiiibers of tlieir communities, both reeeiving aiid piovidiiig tl)e suppoit and activities tliey ideiilify that they need aiid whicli ale tlieir cliosen prioriti¢s. Tl)is is in line iviili our organisatioiial values wliicli were reviewed in Januaiy 2025 and it was agi-eed Iliat AUKBD is: Pei'son Centred.. o We will listen lo, engage and work witli people lo identify and develop tl)eii' own solutions and responses o We will listen to people to fiiid out what is iiiipoi'lailt lo tliem Inclusive: o Ive valiie everyone o We ti'eat people witl) diunity and compassion o We will treat people as iiidividu2ls witli tlieii. own ui)ique expei'iences aiid sti'engtlis • Eii)powei'ing'. o We support people to Inake tlieir owii decisioiis o We will enable people and theii- communities to pi'ovide iiiutual support Coniiected o We are one team o We are collaborative o We are bettei. wlien we work togetl)ei' o We involve & link people and Ilieii. coiiiinunities in shaping what we do Auihei)tic o We will be genuine 2nd realistic about what we do aiid what we can offei., o We will be dependable ai)d ieliable o We will be transpai'eiit These ale uiiderpiiined by a chaiter of promises to the people we woi'k witl) wl)ich ¢oi))Inils eveiyone a¢ AUKBD to ensui'e that: You're listened Co and ti'eated wit]) digiiity and compassion • Youi. faiili aiid culiui'e al'e I'espected aiid valued You will not be discriminated atsainst on any basis • You're at Il)e lieait of decisions about your life, we will work witli you to explore your oplioi)s and suppoit you to iinpleii)eiit your choices and decisions You can use youi. expei'ience to lielp shape, develop, deliver and iii)piove pi'ojects We will listen to YOLI cai'efully and respond to yoii needs promptly We will riot make assLllllPtions about yOLlI' needs oi. abilities Wliere we ean't help, we ivill assist you to access tlie ii)ost appropriate suppoit for youi. needs We will put youi. interests, needs and elioices first li) ordei. to iinpleiiient Il)e oi'ganisatioiis vision and Inissioii Age UK Bradfoi'd Disti'ict will focus on 5 strategic aiiiis wliicli wei'e I'evieived in Decembei. 2023.. We will create a siistainable. vibi'aiit and 'oWIng oi'ganization Building on stroiig foui)datioi)s to becoine Ilie 'go to, place for all issues ott ageing, being a gi'eat place to work ki)d suppoi't team tt)ember and wliere all stakelioldeis are ii)volved in planiiii)u aiid secui'ing oui. future. We will extend oui. I'eacli aiid iiiipact across all eoi))iiiuiiities Page 5
Age UK Bradford District Ltd Trustees, Repoi't Increasing Il)e niinibers of people we assist acioss all coi)Imiinities. iinproving tl)e accessibility, availability, bei)efit and iinpact of our woi'k. We will delivei. pei'son-ceiiti'ed, co-produced approaches, woi'kii)g with tl)e assets of the people & comi))ui)iti¢s setved Putting people at the centi'e of wliat we do, co-producing activities ai)d enablii)g individuals aiid coiniiiunities to piovide niutual suppoit based 01) Il)e resources and assets available within coi)Imunities.
We will inci'ease incoine Increasii)g I'elail aiid fuiidraising levels and involvei)ient in fuiidi?isiiig acioss all Stakelioldel. We will iiiipi'ove systems and preinises Iii)pioving and developing our pi'eiiiises and Il)e efficiency of oui. systems. Age UK Bradfoi'd District is cominitted to being inclusive in all its activities and to ensui'ing tliat all aspects of the orgaiiisation reflect Ilie diveise Iialure of the communities we seive. Tliis lias already led lo Ilie successful ei'eation and developmeiit of six Coinmunity Hubs based in eacli of the 5 21'e35 of Bradfoi'd Dislriet wliieli aiiii of to work woi'kii)g iii partnersl)ip will) older people aiid Il)eii' eoiminuiiities aiid respondii)g to tlieii. request foi. local, accessible seiviees within tl)eir comniui)ities. Each Cominunity Hub consists of teai))s of staff represeiiting diffei'ent areas of oui. work and al'e focussed on ei)abling, delivering and Iinpactiiig for the benefit of oldei. people and their coiiiniuiiities IMPACTING.. Old¢r poople feel h•*lthlef. less alon•, happl•r. morè nn•¢t•d, flnancl•lly. 3ecur¥ mor• Indop•ndèni ENABLING: Fundialsln& Rot811, MarkeUn& Inlluencln Innovatlon & Developmont DELIVERING: Inlomiatlon, Help & Support Advt¢o& Ca5ewoTk A¢ttvllle$ & Group$ Page 6
Age UK Bradford District Ltd Trustees, Report These Ihiee ai'eas of woi'k are co-dependent and ii)tegral to tlie work of each of tlie Community Hubs and are Il)e al'ea5 on whicli tl)¢ii' work and acliievements will be assessed. The six Coiiiii)uiiity Hubs al'e based in the followina areas.. Bi'adfoi'd East, Idle
Bi'adfoi'd South, Queeiisbury Bi?dfoi'd Wesl, Alleiton l<eigliley and Ilkley Hiib, Iceighley Shipley and Biiigley Hub, Shipley Wi'ose and Windhill Hub, Wiose In eacl) Comiiiuiiity Hub people can coiitribute to oi. access all aspects of oui. work locally and we al'e coinii)itted to the developinent beyond each Hub lo tlie wider coi)Iinunities ai)d ai'eas eacli of tl)ei)) seive. Enabliiig Tl)is is the foui)datioii on wliich all of the chai'ity's work and ils Hubs al'e based. Tl)is work enables the delivery of the organisation's work and the iiiipacls we al'e able to liave aiid is ii)tegral to its success. Incoiiie Gei)eration Fundi'aising Retail incoine Se¢ui'ing grani fuiiding Partneisliip developinent Marketing and Public Relations Profile raisino Bl'and development and piDI))otion Media proinotion including social Iiiedia Maintenaiice and development of tlie websile ai)d onlii)e Cai)Ipaigns and awareness evei)ts Ii)novation aiid Developinent Ideiitifying, tesÉii)g aiid piloting ii)novative new projects aiid appioaclies to test Ilieir 'fit' witl) our appi'oach and capacity to Iiiove to opei'ational biisiness as usiial functions Delivei'iiig We al'e elear Iliat Age UK Bradford Disti'ict will deliver witliin key ai'eas Il)at l)ave beet) developed as a result of tlie prioi'ities identified by people in latei. wl)icli al'e.. InfotThation'. pi'ovidiiig coiisistent iiifoi'ii)atioii poiiits aci'oss all wards to coni)eet people to tlie infoi'i)iatioii tl)ey need to liave choice aiid coiitrol providing a lisleniiig eai. and sonieone to have a quick eliat access to our Ti'usled Ti?der ieuister foi. iepairs, Inaiiilei)ance and oihei. services including uai'dening sei'vices, hoi))e adaptations and cleai)ii)g sigiipostiiig people to services, activities and eveiits ii) tlieir coi)11))uiiity wliere Iliey knoiy wliat tl)ey want Page 7
Age UK Bi"adford District Ltd Trustees, Report providiiig a li'iage suppoit linfoi'ination+ sei'vice lo help people explore tl)eii' needs, tl)e Inost appropi'iftte response and enabliiig tlieir access to theiii Help & Support
one to oiie support, confidence buildii)g and fi'iendsliip linking people's skills, inlei'ests and abilities willi people wlio need tliei)I tlirougli support teaiii iiiember oppoitunities, coininunity buddies and i)eiglibourliood cliAinpions ensiii'ing tliat oldei. people's voices are lieard by those making decisions tl)at affect youi. tlieii. community Advice & Casewoi'k conne¢tiiig people to ai)d pioviding tlie advice ai)d casework suppoi'l to make decisions their lives helpin ¥ people lo be legally and finaiicially secure A¢tivities and Gi'oups social gi'oups, activities and events I'iii) by older people. witli older people and foi. older people leai'niilg ai)d sl)aring skills and intei'est5 giviiig people a voice to influence and cainpaign for the developiiient and iinpioveinent of theii. coiiimunities ImpAttiiig Age UK Bi'adfoi'd District focusses on people, leai'ning about and building on theii. individual sli'engtl)s, expei'iences, inleresls and abilities, wliatevei. coi)Iiiiunity they live iii or al'e pai't of. Oldei- people liave told us wl)at tliey want froni Age UK Bradford District and Olir aini is to deliver the ii)Ipacts tl)ey have idenlified and to make sui'e tl)at older people.. Feel l)ealthier Feel less alone Feel like tiiei)Iselv¢s a(Yaiii Are n)oi'e financially secui'e Are more coni)eeted Are more independent Feel liappiei- Locally AUKBD works with a widei. range of older people's organisalioils and netwoi'ks, and with a great nuii)ber of oÉiier statutory sector aiid volunlaiy sector parlneis - including Bradford Metropolilxn Disti'ict Coui)cil Dept. of Adult & Comii)unity Services, the Depaitn)ent of Woi'k & Pei)sions, Housiiig Bei)efils. Nationally and I'egionally Ilie Cliarity was a Ineiiiber of the Age England Association durii)g 2025 pi'ioi. to ils dissoliition. Wheii I'eviewiiig Il)e ain)s aild objectives of tlie Cllarity and planniiig future activities the Triistees liave coii)plied with the duty li) section 17 of tlie Cliarilies Act 2011 10 l)ave due I'egard lo public benefit guidance publislied by Ille Coii)i))ission. Acliievements Aild Pei'foi'iiiAiice Dui'ing the yeai. tlie Trustees reviewed Il)e cliarity's activities, maiiagenient and financial position. This included inliodueing a governance ai)d ineetiiig plaii to eiisui'e coinpliaiice witl) tlie Cliarity Quality Staiidai'd. This was awai'ded in 2023 foi. a tl)ree year period ai)d tliis award wliicli ¢ei'tifies tliat our oi'gaiiisation is well goveriied and ijianaged. l)as a clear dii'ection ai)d strategy. and is ¢oini))itted to ensuring the well-beiiig and safety of oldei. people. our staff aiid suppoi't team nieinbei's. During 20241?025 tlie team at AUKBD SLlPPOI'led 13,329 oldei. people liaving 21,067 eoniacts will) tlieni, compared to 15,199 oldei. people witli 19,928 eoiitacts witli Ihein in 202312024. Page 8
Age UK Bradford District Ltd Trustees, Report Ai'ea of woi'k: No of oldei. people 202412025 Infoi'malioi) 11,989 Help & Support 45 Advice & Casework 1,086 A¢livities/GI'oups 119 Over £1.51ii ivas secured in backdated welfare bei)efits for people wl)icli l)elps not only local older people, Il)eii' lioiiseholds and faiiiily but also tlie local econoiiiy. Tl)is woi'k is delivered Iliougl) 6 Coiniliunity Hubs based across Bradfoi'd, Keighley and Sl)ipley and a team of 26 staff and just iiiider 100 suppoit teain niembei's. 83 % of people who received suppoi'l fioni tlie teaiiis at AUKBD said tliat Il)is had had a positive iiiipact on their lives repoitints that tliey felt.. Less alone More like Iliemselves again More financially secure More coni)ected Healtliier Mol'e iiidependei)t Managemeiit Tl)e Trustees are pleased to report'.- Busiiiess Plaiining Tliis is continually under review. Tlie Boai'd iiiet for a sli'ate(r update Ilie curi'eiit strategy to 202712028. y plant)ing nieeling in January 2025 10 review the and Quality Staiidards The Cl)arity iiiainlained the Chai'ity Quality Standard and the Quality Advice Standard following external assessinents durii)g 2023124. This is valid until 2026. Policies ai)d Procedures An ongoing I'eview and iipdate of policies and piocedures was Inaintained tl)I'ougli tlie pei'iod. The Tei'ims of Reference foi. all our sub-coniinittees aiid advisoiy committees al'e revieived aniiiially. Tlie Employee Handbool< aiid SLlPPOIt Teai)i Meiiibei. Handbook al'e Contiiiuously reviewed and updated. Staff have easy access to this aiid a nuinber of otliei. key docunieiils and resoui'ces. Facilitie5 Tlie Chai-ity continues lo look at ways lo develop botli prei)iises and tlie IT ii)fi'asti-uctui'e. Durii)g tlie yeai. significaiit iiiiproveiiients wei'e Inade to tlie preinises at Qiieensbiiry and a new IT support pi'ovidei. was appointed to being service pi'ovision fioin Api'il 2024. Page 9
Age UK Bradford District Ltd Trustees, Report Finaiicial I'evleiv Net incoii)e sliows a deficit of £167,874 foi. Ilie year, made lip of a deficit of £37,855 on i'estricted funds and a deficit of £130,019 on gei)ei'al uiii'eslricled fui)ds. Total funds at 31 March 2025 weir £lJ4,230, of wl)ich £41.367 wei'e I'eslricted. AUKBD recognises Iliat 202412025 was a cliallengino yeai. financially for the chai'ity witl) a significant fall in its reserves due lo tlie inci'easiiigly el)alleiioing enviroi)iiient in wliicli cl)81-ities opei'ate. Foi. AUKBD tliis was compounded by an increase in unplaiined staff abseiices and vacai)cies These cliallenge5 continue and l)ave been taken into accoiint in setting the budget foi- 202512026. This incliides the inci'ease in tlie national n)iiiiiTrium wage and einployers iiational insui'ance conts'ibiitioi)s wliicli added an additional £30,000 to tl)e budget. The budget agreed for 2025126 focusses on: Iicoine largels that are I'ealistic and based on wliat we know is achievable based on previous expei'ience aiid a reworking of tlie incoi))e generation iiiodel Reducing expenditiire wliere possible and wliere Iliis doesn't impact on our focus and ability to raise income and delivei. essential existing sei'vices to beneficiai'ies The intioduction of iobust finance and budget reporting systems wl)ich will provide more detailed Inanageinent accounts aiid pi'ojectioiis. Casl)flow is a key tool to ensure effective managemeiit and iiionitorii)g of our fiiiances and we are slai'ting to see tlie benefit of changes 11)2de in the budget froin ali operational and budget pei'spective. Tliis will coi)tiiiue lo be Inonitored Ilii'ougliout tlie year. Trustees ai)d the Senior Manageiiieiit Teain al'e aware tl)at ii) moving forward into 202612027 a key pi'ioi'ity will be to increase uiirestricted I.esee levels inline wilh our policy. Policjy on reserves Tl)e boai-d has establisl)ed a policy whereby tl)e uni'esti'icted funds not coinniitted oi. invested in tangible fixed assets (tl)e fl'ee I'eserves) held by Il)e ¢l)arity sl)ould be equivalent lo 3 iiiont]is of tl)e general runnii)g costs. At preset)t tlie chai'ity lias free reseiw¢s of £63,189 aftei. tlie designation of funds set out iii Note 18 10 Ilie aceouiits, the piovision foi. Il)e pei)sioi) liability and after deducting restricted fuilds and fixed assets. Tlie I'eserves policy was reviewed in Julie 2025. Ti'ustees recognise tliat reserves al'e not wliei'e Iliey would wailt Il)em lo be and liave developed die Buildii)g a Stronger Fiiture prog1711I1ne in response to tliis. Jiivesliiieiilpolicy aiid objéelives Tl)e Ti'LJslees I'egulai'ly cl)eek tlie l'ates achieved on funds deposited aild the coi)stitution gives Ti'uslees tlie poweis to move funds if I'equired. A banking I'eview took place dui'iiig 2021 and a new bank account witl) Unity Trust Bai)k was opened in January 2023. A fui'tlier bank account was opeiied witl) Batl) Biiilding Society in Janiiaiy 2024. Page 10
Age UK Bradford DistR'ict Ltd Trustees, Repoi"t Plans for future periods Aiiiis aiid key objecliiiesfoi'fiiliire pei'iods Age UK Bi'adfoi'd Disti'ict has oli¢ clear goal, to eiisui'e that older people across Bradfoi'd Disti'ict cali live their best possible life li) age fri¢iidly con)niuiiities where everyoiie's future is valued. To acliieve tliis we l)ave 3 pi'ioi'ities as we look to tlle futui'e.. To ensui'e tli¢ oiigoing safety and wellbeing of Ilie AUKBD tean) tl)ioiigh Iiionitoring risks and ensui'ing eonsultatioii on and effective communicatioii of guidai)¢e to pi'otect staff, suppoi'l teain n)embers and the people we suppoit. To ei)sui'e that we slreiigihei) and consolidate oui. fiiiancial positioii. We will contii)ue sti'ingeiit Iiioiiiloriiig of our ¢asl)flow and budgets it) line witli oui. financial procedui'es. Looking foi'w81'd lo Il)e next fiiiai)cial yeai. 2026 10 2027 tlie Directors liave no i'easoii to believe Ilial tlie cl)arity will not continue to be a going coiieern. Tl)e ii)Ipleinenlatioi) of tl)e Bliilding a Sti'oi)gei' Futui-e piogi?mme fioill l November 2025 will see a I'eduction in expenditure this yeai. and aims to ensui'e a balanced budget for 2026127 pioviding a siii'plus witli whicli lo iinpiove i'esei've levels. To maiiitain aiid develop, as oppoi'lunities and resources allow, Ilie delivery of our key fuiictioi)s in each Coii)iiiuiiity and in response to those coiiiiiiunities iieeds. The developmeiit of oui. Con)iiiui)ity Hubs will contiiiue to be the Inain focus to increase Ihe offer each Con)Inui)ity Hub can niake to tlie people iii tl)eii' coniiiiunities both froiii witliiii Il)e liub and beyond. Small eompanie5 provision statement Tliis report lias beeii prepared iii accordance with the special piovisioiis I'elating lo companies subject to the sn)all coi)Ipanies regiine witl)iii Part 15 of tlie Coinpanies Act 2006. Tlie anniial i'epoit was appi'oved by the trustees of ihe cliarity on 2 Deceinber 2025 and signed on its behalf by.. Joaniie Volpe Cliaii. and ti'ustee Page 11
Age UK Bradford District Ltd Independent Examiner's Report to the trustees of Age UK Bradford District Ltd ('the Company,) I ieporl to the charity trustees on my exainination of Ilie a¢counts of the Company foi. the year ended 31 Mai'¢h 2025. Responsibilities And basis of I'eport As tlie cliarity's trustees of the Company (and also its directors for the putyoses of eompany law) you al'e responsibl¢ for the preparation of the accounts in aceoi'dance willi the requii'ements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself tl)at the accounts of the CoiJ]pany are not requiird to be alldited under Part 16 of tlie 2006 Act and al'e eligible for ii)dependent examination, I repoit in respect of Iny examination of your cl)arity's accounts as cai'ried out undei. section 145 of the Charities Act 2011 ('the 201 l Act,). In carrying out my examination I have followed the Dii'ections given by the Charity Comniission under section 145(5)(b) of the 201 l Act. Independent exAmiller'5 Statement Since the Company's gross income exceeded £250,000 your examiner niust be a nieinbei. of a body listed in section 145 of tl)e 201 l Act. l ¢onfii'm that l am qualified to undertake the exaininatioii because l ain a meinber of liidepeiident Exaiiiinei., which is one of the listed bodies. I have conipleted niy exaiiiinalioii. l confirm that no matters have come to my attention in connection with tlie exaininalion giving me cause lo believe.. aecountiiig records were not kept in respect of Age UK Bradfoi'd District Ltd as required by section 386 of the 2006 Act; or 2. tl)e a¢counls do not accord with those I'ecoi'ds. or 3. the accounts do not comply with tl)e accounting requirements of section 396 of tlie 2006 Act other Ihan any requirement that the a¢counls give a 'true ai)d fair view, whicl) is not a matter considered as part of an independent exaniinalion. or 4. tlie accounts have not been pi'epai'ed in aceoi'dance with tl)e methods and pi'inciples of the Statement of Recommended Practice for accouiiting aiid I'eporting by charities [applicable to charities preparing theii. accounts in accordance witli ilie Financial Reporting Standard applicable in the UK and Republic of li'eland {FRS 102)]. I have no concems and liave me across no other matters in connection with tlie exan)ination to which attention sliould be drawn in tliis i'epoit in oi-dei. to enable a pi'opei. understanding of the accounts to be l'eached. Mai-k C Wilcoc Independent Exatniner Watson Buckle Liniited Chartered Accountants Bradford FCA 2 December 2025 Page 12
Age UK Bradford District Ltd Statement of Fxiiaiicial Activities for the Year Ended 31 mai.cli 2025 (Including Income and ExpenditUR'e Account and Statement of Total Recognised Gains and Losses) Uni'estricted fuiids Resti'ieted funds Total 2025 TotAI 2024 Note Inconie ajid Endoivments from: Doi)ations and legacies Cl)arilable activities Oihei. trading activities Inveslmenls 28,449 26,399 424,968 4,224 28,449 215,242 424,968 4,224 27.880 251,349 416,148 3,971 188,843 Total ii)coine 484,040 188,843 672,883 699.i48 Expenditui'e on: Raising funds Cliai'ilable activities (239,441) {374,618) (239,441) (601,316) (368,628) (510,551) (226,698) Total expenditui'e Net expeiiditure Otlier J'ecognised gains and losses Actuai'ial gains on defined beiiefit pensioi) schemes {614,059) (226,698) (840,757) (879,179) (130,019) (37,855) {167,874) (179,831) Net Inovement in fuiid5 (130,019) (37,855) (167,874) (179,832) Reconeiliatioii of funds Total flinds broiight foi'wai'd 222,882 79,222 302,104 481,936 Total fuiids eari'ied foi'ward 92,863 41,367 134,230 302,104 All of Il)e chai'ity's activities derive froi)) continiiing operatioi)s dui'ing the above two pei'iods. Tlie funds breakdown foi. 2025 is sl)own in note 18. Tlie notes on pages 16 10 29 foi'iii an integi'al part of tliese fiiiai)cial stalei)iei)Is. Page 13
Age UIC Bradford District Ltd (Registration number: 02646454) Balaiice Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tanoible assets 12 29,351 30,772 Cui'i'ent Assets Debtois Casli at baiik and ii) Eland 13 64,244 102,228 108,916 220,705 166,472 329,621 Creditoi's: Ainounts fAlliiig due within one year 14 Net cui'i'ent assets {58,658) {58,289) 107,814 271,332 TotAI assets less eui'rent liabilities 137,165 302,104 Ci'editoi's: Amounts falling due Aftei. Inore th2n one year 15 (2,935) Net assets 134,230 302,104 Funds of the chaj'ity: Resti'icted income funds Restricted fiinds 41,367 79,222 Unj'estrieted income funds Unrestricted funds 92,863 222,882 Total funds 18 134,230 302,104 Foi- Ilie finaiicial yeai. ending 31 Mai'cli 2025 tlie el)ai'ity was entitled to exeniptioi) froin audit Lindei. section 477 of th¢ Coinpanies Act 2006 relating to sinall coiiipai)ies. Direcloi's, I'esponsibilities-. Tlie Inembers liave not required Il)e cl)ai'ity lo obiaii) an audit of its aCntS foi. tl)e year iii question in accoi'dance willi sectioii 476. and The dii'ectors acknowledge their I'esponsibilities foi. complying witl) the requireijients of Ilie Act witt) I'espect to ac¢ouiiting recoi'ds and tlie prepai'alioii of accounts. Tl)e finai)cial stateinents on pages 13 10 29 were approved by tl)e Ii'ustees, and authoi'ised foi. issue on 2 Decei)Ibei' 2025 aiid signed 01) theii. bel)alf by.. Joanne Volpe Cl)air aiid Ii'iistee Tl)e notes on pages 16 10 29 foriii an ii)tegi'al parl of tl)ese fiiiaiicial slatei))ei)Is. Pag¢ 14
Age UK Bradford District Ltd StAtement of Casli Flows for tlie Year Elided 31 March 2025 2025 2024 CAsh flows ft'om operatiiig activities Net cash expenditure Adjustineiits to cAsli t]ows fi'oni noii-eash iteins Depi'eciation Investiiieiit income Pension sclien)e adjustments {167,874) {179,831) 3,976 (4,224) 3,331 (3,971) (2,149) (182,620) (168,122) Woi'l<ing cApitAI adjustments De¢rease iii debtoi's Iiici'ease in ¢redilors Decrease in defei'red inconie 44,672 10,977 7,673) 44,896 6,465 (11,981) Net casli flows fii)m operatiiig activities (120,146) (143,240) Cash floivs fj'om investing activities Iiiterest I'eeeived Acquisitions of taiigible assets Nel casl) flows froni ii)vesting activities 4,224 (2,555) 3,971 {32,455) 1,669 {28,484) Net deci'ease in cash and cash equivalents (118,477) 220,705 {171,724) 392,429 Cash aiid cas1) equivalents at l April Casli and casli eqiiivalents ai 31 Marcli 102,228 220,705 All of the cash flows are derived fi'oin eoi)tinLiing opei'ations dui-iiig tlie above two periods. Tlie notes oli pages 16 to 29 foi'iii an integral part of tliese fiiiaiicial slateiiienls. Page 15
Age UK Bradford District Ltd Notes to the Financial Statements for tlie Year Ended 31 March 2025 I Cliarity status Tl)e chai'ity is liiiiited by guarantee, incoi'poi'ated li) England aiid Wales, and consequently does not have share capital. Each of the trustees is liable to conti'ibule ali amount i)ot exceedii)g £1 towai'ds the assets of Ilie charity iii Ilie eveiit of liquidation. Tliese financial statements were autlioi'ised foi. issue by tlie Ii'ustees 011 2 Decen)bei' 2025. The addi'ess of its registei'ed office is.. 75 Wrose Road Sliipley BD18 IHX 2 Accounting policies Sumiiiaiy of sigiiifAcAiit accouiitin ty policies and Iiey aceouiiting estimates The pi'ii)cipal accounting policies applied iii Il)e pi'epai'alion of Iliese fii)aiicial slateinents al'e set out below. Tl)e5e policies l)ave beeii coi)sisleiilly applied to all tlie yeai's pi'esei)ted. unless oiheiwise stated. Statement of eoinplianee The financial statements Ii&ve been pi'epai'ed in accordance with Accoiinting and Repoiting by Charities.. Siateinent of Recoiiimended Pi'aetice applicable to cliarities pi'epai'ing tlieir accounts in accoi'dance witii th¢ Financial Repoiting Standai'd 102 'Tlie Financial Repoi'ling Standai'd applicable in tl)e UK and Republic of Ii'elaiid and Ilie Con)panies Act 2006. The entity nieets tlie definition of a public bei)¢fit eiitity uiider FRS 102. Basis of preparation Tlle financial stateiiients liave been prepared undei. tlie liistorical cost convention in accordance with applicable United Kingdoi)i Accoiintii)g Siaiidards. A suniinary of the principal aceounting polieies, whicli l)ave beeii applied consistently, except whei'e noted, is set out below. Going concej'n The Ii'ustees consider Il)at tliere al'e iio Inatei'ial uncertainties about tlie cliai'ity's ability to continue as a going coiicern not. any significant ai'eas of uncei'lainty tliat affeet tlle cai'iyii)g value of assets Iield by Ilie cliai'ity. Fund sti'ucture Unrestricted incoine funds al'e general funds tl)at are available for use at tlie trustees, discretion in furil)ei'aiice of Ilie objectives of tl)e cllai'ity. Resti'icled iiicome fui)ds are those doiialed for use in a pai'liculai. ai'ea or for specific pui'poses, the use of wliicl) is resli'icted to that ai'ea or piirpose. liicome Aiid ejidowmeiits All incon)e is I'ecognised onc¢ the chai'ity has entitleiiient lo Il)e inconie, il is pi'obable that tl)e incoi)ie will be received and tl)e ai)iount of tlie ii)coi)ie I'eceivable can be n)easured I'eliably. Page 16
Age UK Bradford District Ltd Notes to the Financial Statements for the Year Ended 31 Mai'cRI 2025 Doiialioiis aiid leglleies Donatioi)s al'e recognised wheii Ilie cS)arity l)as been iiotified in wi'itiiig of both the ainoui)t and setileiiieiit date. Iii tlie event Il)al a donation is subject to coiiditions Iliat I'equire a level of pei'foniiance by tlie cliai'ity befoi-e tl)e el)arity is entitled lo Il)e funds, tli¢ ii)coi)ie is deferi-ed ai)d not I'ecogiiised until eitliei. tliose coiiditiot)s are fully i)iet, oi. Il)e fulfilment of tl)ose conditions is wl)olly wiil)in Il)e coiitrol of Ilie cliai'ity and it is pi'obable Il)at Il)ese conditioi)s will be flilfilled in the I'epoi'ting pei'iod. Defei'red iiiconie Defei'i'ed income represeiits aii)oui)Is I'eceived foi- futiii'e periods and is I'eleased to incomii)g resources in Ilie pei'iod foi. whicli, it has been received. Such income is only defei'i'ed wlien.. Tli¢ doi)or specifies Il)at the grant oi. donalion musl only be used in futili'¢ aceounting periods- or Tlie doi)or has iinposed conditioiis wliich n)usl be met before tlie cliai'ity lia5 unconditional eiititleinei)l. Oilier li'adiiig aclivilies Donated goods foi. resale al'e I'eceived. The value to tl)e charity of the donat¢d goods sold is Ircognised as incoine when sold. Tl)e proceeds of sale are eategorised as 'liicon)e fioiii oilier ti'ading activities, in tlie Statenieiit of Financial Aclivilies. liivesliiieiil iiicoiiie Incoiiie fion) investments is included in tlie year in whicl) it is i'eceivable. Cliurildble uclivilies Incoin¢ froi)I tlie provision of chxi'itable seivices and governinent aiid othei. grai)ts is I'eco(Tnised at fail. value wl)en tlie cliarity has entitleinenl aftei. any perfon)iaiice conditions l)ave been met, it is piobable tliat the income will be received and the amount can be I'eliably ii)¢asured. If enlitlenient is not niet, then these ai))ounls are deferred. E.xpeiiditure All expenditure is I'ecognised once thei'e is a legal oi. constiuctive obligation to that expenditui'e, it is piobable settlement is i-equii'ed and Ilie ainount can be i)ieasui'ed reliably. All costs are allocaled to tlie applicable expenditure l)eading tl)at aggi'egat¢ sin)ilar costs to that category. Wliere cosls eannol be dii'ecily atti'ibuted to particulai. headiiigs tliey have been allocated on a basis coiisisteNt with the use of I'esoui'ces, with cei)ti'al staff costs allocated oil the basis of tiine spent, and depi'ecia¢ion cl)arges allocated oil the portioii of tlie asset's use. Other support costs al'e allocated based on the spread of staff costs. Ruisiiigfiiiids Tl)ese al'e costs incurred iii attracting voluiitary income, tlie iiianageiiienl of investineiit5 aiid those incui'ied in trading activities tl)at I'aise funds. Cliariluble aclivilies Cliai'itable expenditui'e compi'ises those costs incui'red by Ilie chai-ity li) tlie delivei'y of ils activities aiid seivices for ils beneficiaries. It includes botli costs tliat can be allocated directly to sucli activities and tliose costs of an iiidii'ect i)2ture iiecessary lo suppoi't Ilieii). Tayation The el)arity is coiisidered to pass the tests s¢t out ii) Pai'agrapl) I Scliedule 6 of Ilie Fiiiaiice Act 201 O and tliei'efore it iiieets the definitioii of a chai'itable coiiipany for UK corporation tax purposes. Accordiiigly, Ilie cliarily is potentially exeii)pt fi'oi)) taxation iii I'espect of incon)e oi. capital gaiiis I'eceived within categories covei'ed by Cliaptei. 3 Part I l of Il)e Coi'poi'ation Tax Act 2010 oi. Section 256 of Il)e Taxatioii of Cliai'geable Gains Act 1992, 10 tlie exleiit tliat sucli ii)coine or gains are applied exclusively lo cliai'itable pui'poses. Page 17
Age UK Bradford District Ltd Notes to the Flnancial Staten)ents for the Year Ended 31 March 2025 Tangible fixed Assets Individual fixed assets costing £1,000.00 oi. Inoi-e are ii)itially I'ecoi'ded at cost. less any siibseqlieiit accuiiiulated depi'eciatioii and Sltbsequeiit accumLilaled iiiipaii'n)ent losses. Depi'eeiAtioii aiid Anioi'tisation Depreciation is piovided on lan(Fible fixed assets so as to ivi'ile off tlie cost oi. valuation, less any estii)iated residual value, over tlieir expected useful econoinic life 3s follows: Asset class Leaseliold improveiiienls Fixtui'es aiid fittings Compulei. equipnieiil Depi'eciation method and l'ate Ov¢i' the life of the lease 5 years sli'aigl)t line 3 yeai's slrxight line Debtors Debtois are recognised initially wliei) Il)ey become due at tl)e ti'ansaclion pi'ice. Tliey al'e subsequeiitly iiieasui'ed at ainoi'lised cost using the effective inlei'esl i?le meiliod, less piT)vision foi. iinpaii'inent. A piovision for in)pairiiient of debioi's is establislied when thei'e is objective evidence tl)at Ilie cliai'ity will iiol be able lo collect all amolints diie accoi'diiig to the oi'iginal lerins of tl)e debtors. Cash and cash equivalents Casl) and ¢asli equivalei)ts ¢oniprise casl) on liand and call deposits, and oilier sl)oit-leri)) l)igl)ly liquid ii)vestinenls Iliat are i-eadily conveitiblg lo a known amount of Cash and al'e subjeGt to an insignificant risk of cliange in value. Creditors Ci'edilors al'e obligatioiis to pay for goods and sei'vices Iliat liave been acquii'ed by Ilie cliai'ity. Creditors are initially I'ecognised at tlie transaction pi'ice 2nd subsequently measured at ainoitised cost using tlie effective intei'esl metl)od. Pensions and otlier post I'etirement obligations Tl)e chai'ity parlicipales in a n)ulti-en)ployei' defiiied conli'ibution pension arrangeiJ)ent, Tl)¢ Pension Trust Giowth Plan Sei'ies 4. Tlie pensioi) cliai'oe I'epresenls tl)e ai)iount payable by Ilie cl)ai-ity to Ilie fLtI)d in I'espect of the yeai.. Previously, tlle charity arid gioup pai'licipaled iii Tlie Peiision Ti'ust Growth Plaii, Series 1, 2 and 3, 2 Itiul¢i-employer defined benefit pension ari'angement. It is not possible in Ilie nornlal coui'se of events to identify the sl)ai'e of underlying assets and liabilities belonging to individiial paiticipaling einployei's. In accoi'dance witl) Cliai'ities SORP {FRS 102) the liarity I'ecognises tlie liability to make payinents to fund tl)e deficit i-elatiiig lo past seivice wliere it lias enlei'ed into an agi'eeinent lo iiiake those payinents. Financial insti'uiiients Tlie cliarity only lias fiiiai)cial assets and fiiiancial liabilities of a kind Il)at qiialify as basic finaiicial iiistrui))enls. Basi fii)aiicial insli'iimeiils are initially I'ecognised at Ii'aiisactioi) value and subsequei)tly Ineasured at tlieii- setilemeiil value. Page 18
Age UK Bradford District Ltd Notes to tlie Financial Statements foi. the Year Ended 31 mai.cli 2025 3 Incoine fi'om doiiatioiis aiid legacies Uni'esti'ieted ruiids Geiiei'AI Total 2025 Total 2024 Dottations and legacies. Donations ai)d gifts 28,449 28,449 27,880 27,880 28,449 28,449 4 Income from chat'itable activities Uni'esti'icted fuiids Genei'al Restricted funds Total 2025 Total 2024 Grants and coi)Iia¢ts receivable 26,399 188,843 21 S,242 2S1,349 S Income fi'om otlier ti'ading aetivities Unresti'icted funds General Total funds Total 2024 Trading income; Cljai'ity sliop incoiiie Events incon)e' Fundraising events and fees eai'ned 377,222 377,222 387,897 47,746 47,746 28,251 424,968 424,968 416,148 6 Investmeiit5 Ujii'esti'ieted fuiids Genei'AI Total 2025 TotAI 2024 Iiitei-est receivable aiid similai. incoiiie. Intei'est I'eceivable 01) baiik deposits 4,224 4,224 Page 19
Age UK Bi'adford Distrllct Ltd Notes to the Finaiicial Statemeiits foi" the Year Ended 31 Marcli 2025 7 Expenditui'e on raising fuiids Unrestricted funds GeiierAI TotAI 2025 Totxl 2024 Staff costs Staff and volunteer expeiises Ti?ining ai)d I'eci'uitment Pi'einises costs Insui'ance Offi¢e costs Repairs and i'enewals Depi'eciatioii, aniortisation and othei. siiJ]ilar costs Publieity Van rur)ning and otliei. Ii'anspoi'l costs Sl)op costs Subscriptioi)s Sundi'ies Shal'e of suppoit eosls 57,629 1,435 40 150,870 1,742 1,894 57,629 181,022 3,275 108 137,380 1,768 5.578 10,136 40 150,870 1,742 1.894 340 340 15 6,121 10,736 3,420 6,275 2,794 9,520 9,852 9,520 9,852 6,039 6,039 239,441 239,441 368,628 8 Expenditui'e on cli#ritable activities Unrestrieted funds Genei'al Restricted funds Total 2025 Total 2024 Staff costs Iiiterest- unwii)ding discouiit Staff and volunteei. expeiises Trainiiig aiid recrLEitn)ent Pi'ei)iises Costs Office costs Repaii's and I'enewals Publicity Cafe piovisions Van riinning and otliei. Ii'ansport costs Subsci'iplioiis Sui)dries (includiiig IT ai)d coi))i)iui)icalion) Sl)are of siippoi'l costs Sliair of goveriiance costs 323,829 46 3,161 106 172,256 496,085 46 4,335 2,714 284,957 144 631 1,444 1,975 3,838 24,182 4,972 686 2,109 4,045 20,553 151,075 9,940 1,174 2.608 6,156 2,664 90 6,246 2,664 1.625 1,625 20 2,045 25,781 2,065 45,458 21,119 18,959 19,677 18,959 374,618 226,698 601,316 510,551 Page 20
Age UK Bradford District Ltd Notes to the Finaiicial Statements foi. the Year Ended 31 mai.ch 2025 9 Net incomiiigloutgoiiig I'esoui'ces Net outgoing resources foi. Ilie year include- 2025 2024 Audit fees Oil)er non-aiidit services Depreciation of fixed assels Iiidependent examiiier's reinuiieration 9,940 1,690 3.331 340 2,400 10 Trustees i'emunei'ation and expenses No ti'ustees, nor aiiy pei'sons coi)nected with theni, have I'eceived any i-emuneration from the cliai'ity during tl)e year. No ti'iistees l)ave received ai)y I'eii)Ibursed expenses froin the cl)arity dui'ina tlle year. I I StAff costs Tl)e aggregate payioll costs wei'e as follows.. 2025 2024 Staff eosts dul'iiig tlie year were: Wages and salaries Social security costs Pension costs 500,676 30,S49 22,188 553,713 507,052 33,264 17,916 558,232 Tlie iiiontlily averatse nui))ber of persons (including seiiior manageinei)É I leadersliip leaiii) eniployed by tlie cliarity during tlie yeai. expi-essed as full liiiie equivalents was as follows.. 2025 2024 Cl)arilable activities Administration 16 23 19 26 DLlI'ing tlie year, Ilie ehai'ity made I'ediindaney and/oi' terniinalion payiiients wl)icli totalled £2,816 (2024 £Nil). No einployee received eiiioluinei)Is of Iiioi'e tlian £60.000 dui'iiig tlie yeai.. Tlie total employee benefits of tl)e key Inai)ageniei)I pei'soni)el of Ilie cliarity ivei'e £114,668 (2024 - £110,162). Patse 21
Age UK Bradford District Ltd Notes to the Financial Statements for the Year Ended 31 Marcli 2025 12 T#iigible fixed assets Leasehold iinpi'oveineilts Fixtures and rittiiigs Coniputer equipinent Total Cost At l April 2024 Additions Disposals 113,222 2,555 9,713 25,656 148,591 2,555 (22,522) {22,522) At 31 Marcli 2025 115,777 9,713 3,134 128,624 Depi'eciAtion At l Api'il 2024 ue for Ilie year Eliiiiinated on disposals 82,450 3,976 9,713 25,656 117,819 3,976 (22,522 (22,522) At 31 March 2025 86,426 9,713 99,273 Net book v#lue At 31 Mareli 2025 29,351 29,351 At 31 March 2024 30,772 30,772 13 Debtoi's 2025 2024 Trade debiot3 Pi'epaynients Otliei. debtors 5,678 48,011 10,555 17,203 75,907 15,806 64,244 108.916 14 Ci'editoi's: amounts fAlling due witl)in one yeai. 2025 2024 Trade ci'editors Oil)ei' taxatioi) aE)d social secui'ity Oil)ei' ci'ediloi's Accruals Defei'red incoine 38,870 7.182 5,705 5,235 1,666 16,202 7,831 5,875 19,042 9,339 58,658 58,289 Page 22
Age UK Bradford Disti'ict Ltd Notes to the Financial Statements foi. tlie Year Ended 31 Mai'ch 2025 2025 2024 Defei'i'ed income Defei'i'ed incoine al l Api'il 2024 Resources defei'red in the pei'iod Amounts I'eleased froi)I previous pei'iods Defei'red iiicoine at year end 9,339 1,666 (9,339) 21,320 9,339 (21,320) 1,666 9,339 15 Ci'editors: Amouiits falliiig due Aftei. oiie year 2025 Oiliei. ci'ediloi's 2,935 16 Peiision aild other schemes Defiiied eoiiti'ibutioii pensioi) stlieme The cliai'ity opei'ates a defined conti'ibution pension sclieine. Tl)e pension cost charge foi. tlie year repi-esents conti'ibutioiis payable by tlie charity to the sclieme and aiiiounted to £16,233 (2024 - £17,916). Page 23
Age UK Bradford District Ltd Notes to the Financial Statements foi. the Year Ended 31 March 2025 Defined benefit pension 5ehemes Tlie Pension Ti'ust Gi'oivth Plan sclieme The conipaiiy participates in Il)e scl)ei))e, a Iiiulii-employei. scl)ei)ie wl)ich provides bei)efils lo sonie 5211)on-associated pai'ticipatiiig employers. The scheiJ)e is a defined beiiefit scl)ei))e in tlie UK. It is not possible for Ilie coii)paiiy to obtaii) sufficient inforinalion to enable il lo aeeount foi. Ilie scl)eiiie as a defined benefit sclieme. Tlierefore it accounts foi. Il)e scheine as a defii)ed coiitribulion sclieime. The sclieii)e is siibject to the fiinding legislation oiitlined in tlie Pensions Act 2004 wl)icl) caine into foi'ce on 30 Deeei))ber 2005. Tl)is, togetl)ei' witli docuineiits issued by the Peiisioi)s Regulatoi. ai)d Tecl)i)ical Actuarial Staiidards issued by tl)e Fii)ancial Repoiting Coui)cil, set out the frainewoi'l( foi. fuiiding defiiied beiiefit occupatioi)al pension schenies iii the UK. The scl)enie is classified as a 'last-iiian standing arrangenieiit,. Thei'efoi'e tlle coi))pany is poteiitially liable for otlier participating eiiiployei's, obligatioi)s if tliose einployei's are ui)able to Ineel tlieir sl)are of Ilie sclieiiie deficit following witl)di'awal froin Ilie sclieine. Paiticipaling employei-s at-e legally requii'ed lo meet tlieii. sliare of Ilie sclienie deficit on an annuity pul'chxse basis on witl)di'awal fi'om the scheiiie. A full actuai'ial valuation for tl)e sclieme was ¢ari'ied out at 30 September 2023. This valuatioi) show¢d assels of £514.9n), liabilities of £531.Oni and a deficit of £16.1 ni. To eliiiiinale this funding shoi'ifall, Ilie Trustee has asked tl)e pai'licipaling ei)Iployers to pay additional conti'ibutioi)s lo the schenie as follows.. Deficit conlributioiis Fiom l Api'il 2025 to 31 Mai'cli 2028.. £2,100,000 pei. annun) (payable Inonilily) Unless a concession has been agi'eed with the Trustee the tei'in to 31 Mal'cl) 2028 applies. Note that Ilie scl)enie's pi'evious valuation was cari'ied out witli an effective date of 30 September 2020. This valuation sliowed assets of £800.3111, liabilities of £831.9n) and a deficit of £31.61i). To eliniinate this funding shoi'tfall, Ilie TrLlStee asked tlie pai'licipating einployei's to pay additioi)al coi)tributioiis to Ilie s¢lieme as follows.. Deficit eonli'ibiitions Froiii l Api'il 2022 to 31 Janliaiy 2025: £J,J12,000 pei. aniiLini (payable niontlily) The recoveiy plan coiitribulions al'e allocated to eacli parlicipatiiig eiiiployei- in liiie with their estiinated sliare of the Sei'ies l aiid Series 2 scheine liabilities. Whei'e tlie sclieine is it) deficit ai)d wliere Ilie coinpaiiy l)as agi'eed lo a deficit fuiiding an'angei)ient tlie coinpaiiy I'eeogi)ises a liability for tliis obli02tioi). Tlie ainouiit recognised is tlie iiet pi'esenl value of tlie deficit reductioi) conti'ibutioiis payable under Il)e agi'eeii)ent tl)at I'elates to Il)e deficit. Tl)e pi'esent value is calculated usii)g tlie diseouiit l'ate detailed in tl)ese disclosui'es. The Iinwinding of Ilie discount l'ate is I'ecognised as a finance cost. Tlie total cost I'elatii)g lo defined beiiefit s¢lienies foi. the yeai. recognised iii profit or loss as an expense was £4,598 {2024- £145). Reeoiieilittlioii of sclieiiie ussels aiid liubilitie& lo assels uiid liubililie& i'eeogiiised The ainouiils recognised in Il)e stateiiient of fittaiicial position are as follows.. 2025 2024 Presettl value of defined benefit obligation 4,564 1,756 Page 24
Age UK Bi"adford Disti'ict Ltd Notes to the Finaiicial Statements foi. the Year Ended 31 Marcli 2025 Defiiied beiiefil obligalioii Cliaiiges it) Ilie defined bei)efit obligation al'e as follows: 2025 Pi'esent value at slart of yeai. Iiitei'est cost Deficit contribiitioiis paid iinpact of any change in assiiiiiptions aiiieiidiiients to the eoi)ti'ibution scl)edul¢ 1.756 46 (1,790) 29 4,523 Present value al end of yeai. 4.564 Pripicipul ucliiaiiul assiiiiiplioiis The prii)cipal actuarial assuinplioiis at Ilie slateiiieiit of financial position dale al'e as follows- 2025 2024 Discount rate 4.84 5.31 Tlie discount rate sliolvii above was tl)e equivalent sin(Fle discount I'ale wl)icl), Nvlieii used to discoiint Ilie future recovei'y plan contributions due, would give Ilie same results as using a full AA corpoi'ate bond yield curve lo discount tl)e saiiie I'eeoveiy plan conti'ibution. 17 Commitments Otliei. finaneixl eominitmeiils Tlie coinniiliiient below Irlates lo Ilie total future miniiiium lease p%yi)ienls under a noi)-cai)cellable opei'ating lease. Tlie total amolint of othei. financial eon)i)iilments i)ot provided in tlie financial slaleinenls was £221,508 (2024 £8,021). 18 Fiinds Balanee at I April 2024 Ineoining 'esou)'ees Resources expended Balance at 31 Mai'eli 2025 Uiirestrieted funds Geiieral 222,882 484,040 (614,059) 92,863 Page 25
Age UK Bradford District Ltd Notes to the Financial Statemeiits for the Year Ended 31 Marcli 2025 B%lance At I April 2024 Incoming I'esoui'ces Resourees expended Balallce at 31 March 2025 Restricted funds BMDC Buddy Scheine Eqliality Togetliei- Advice Coi)soi'tiun) Independeiit Age Prosper Reacl)iiig Inequalities in Ilie city {RlC) Keiili HoNvai'd Foundation Warii) Hoines Healiliy People {Gioundworks) Neitsliboui-ly National Lotteiy A Place Call Hoiiie 11,007 5,128 1,192 42,445 44,000 22,208 5,815 6,555 6,167 (44,764) (46,227) (23,400) {5,815) (29,190) (6,417) 8,688 2,901 22,635 250 37,510 1,500 18,690 (26,422) (1,500) (18,333) (24,6JO) 29,778 18,333 24,630 Restricted funds 79,222 188,843 (226,69S) 41,367 TotAI fuiids 302,104 672,883 840,757 134,2)0 Page 26
Age UK Bi"adford District Ltd Notes to tlie Financial Stateinents for the Year Ended 31 March 2025 Othei. recogilised gaillsl(losses) Ballnee at 31 March 2024 Ineoining resoui'ces Resources expended 202J Transfers Uiirestt'icted funds Genei'al 289,950 459,098 (571,329) 45,164 222,882 Resti'ieted funds Age UK Cost of Liviiig Ai'ined Forces Coveiiaiil Fui)d BMDC Coi))plex BMDC Buddy Scheme BDCT- PSN Building Bettei. Lives (AUK NalionallYBS) Eqiiality Togetl)ei' Lot 39,836 {39,836) 32,717 29,526 (32,717) (7,486) (31,438) (14,252) 14,711 42,445 (36,751) 11,007 28,618 (14,366) 5,571 (5,571) 4,928 (4,928) Equality Together Advice Consoi'tium UKSPF Keigl)ley UKSPF Queeiisbury UKSPF Sl)ipley Indepeiideiit Age Piospei. Reacliing Iiiequalities in Ilie city (RIC) Keiili Howai'd Foundatioii Sky Fund Vetei'ans Foundation Wariii Hoii)es Healtliy People (Groui)divoi'ks) Warm Hoi)ies Healil)y People (BWYHP) WYCA Neiglibourly 44,000 5,523 3,771 4,636 15,863 21,319 (38,872) (2,660) (2,670) (4,636) (14,671) (37,153) 5,128 (2,863) (1,101) 1,192 5,917 9,917 24,542 12,728 (14,635) 22,635 1,500 2,500 18,333 (1,250) (2,500) (18,333) 250 30,830 18,690 {12,010) 37,510 17.695 4,537 1,500 (17,695) (4,537) 1,500 Resti'icted fuiids 191,986 240,250 (307,850) {45,164) 79,222 Total funds 481,936 699,348 {879,179) 302,104 Page 27
Age UK Bradford District Ltd Notes to the Financial Statenients foi. the Year Ended 31 Marcli 2025 Tl)e specific PLlI'poses foi. wl)ich the fiinds al'e to be applied al'e as follows.. Age UK- Cost of Living Slipport: a gi'anl from Age UK Nalioi)al to suppoil AUKBD to respond to Il)e i)eeds of oldei. people dui'ing Ilie cost of livii)g ci'isis. Arined Foi'ces Covenant: lo provide oiie lo one wellbeing suppoi't to veterai)s aci'oss Ilie disti'ict due lo Ilie ii))pact of Covid 19. BMDC Coinplex Care: Il)is 15 funded thiY)ugli BMDC to provide a pi'ograiii of siipport to individiials refei'i'ed by Adult Social Care and GPS sui-geries lo rediice depeiidency on statutory setvices aiid suppoit, identifying and supporting people lo deal witli issues that pi'event leading tlie lives tl)ey would wisli. BDMC Buddy Sclieme.. tl)ree ii)dividual graiits to cai'ry out peisoii centi'ed coproduction woi'k with ii)dividuals comiJ)unities to develop aiid deliver local activities ai)d sei'vices tl)e identify as being iii)porlanl lo Il)eni. BDCT PSN: pilot pi'oject to fuiid PSN staff based in iieiv NHS Health Hubs ii) Bi'adfoi'd Soutli ai)d East. Building Better Lives: fiinding fi'oi)) Age UK Natioiial to pi'ovide advice and support to people followii)g a life chai)ging experience. Equality Together Coi)sortiuiii: working willi paitners in Ilie volunlaiy sector lo deliver advice aiid casewoi'k support, Inostly aroiind ivelfai'e benefits to oldei. people witli con)plex needs aci'oss Bradfoi'd DistrieÉ. UKSPF K£eighley.' Fiinding pi'ovided by West Yorksl)ii'e Coinbined Auihoi'ity IWYCA) tlii'ougli Bi7dfoi'd Meli'opolitan Disti'ict Council to I'aise awai'eness witliin the Keigliley ai'ea of measui'es people could lake lo address the cost of living crisis. UKSPF Queensbiiry.. Fuiidiiig provided by West Yoi'kshii-e Combined Autl)ority (WYCA) througl) Bi'adford Metiopolitan Disli'icl Couiicil to raise awai'eness within Il)e Queeiisbui'y area of Ineasures people could tske to address tl)e cost of living ei'isis. UKSPF Sliipley.. Fuiidiiig piovided by West Yoi'ksl)ii'e Combined Auil)oi'ity (WYCA) Il)iough Bi'adford Meti'opolitan District Colincil to I'aise awareness witl)in tl)e Sliipley ai'ea of ineasures people COLild take lo address the cost of living crisis. Iiidependent Age.. A grant to addi'ess tl)e iinpact of the cost of livii)g crisis tl)rough Ilie provisioii of infoiinatioii, advice and casework to oldei. people. Piospei.: a reseai'cli project exploring Ilie issues aiound fi'ailty iii older people aiid Il)eii' support iieeds. Reacl)ing Ii)equality iii the City.. fiinding piovided by Bi'adford and Ci'aven District CCG to Bi'adford CVS to deliver a progran)iJ)e of welfare beii¢fits advice thi'ough a range of pailners includii)g AUKBD to people referi'ed bs, GP Siii'gei'ies iii Bi'adfoi'd. Keith Hoivai'd Foui)dation'. lo enable us lo develop and deliver 2 1)ew 'Art and Creativity Fi-iendship Gi'oups. Sky Fund.. A eontribulioii towards Ilie cost of eslablisl)ino aiid runi)ing a walking gioup. Velei'ans Foiiiidation: a gj'ant fioin Ilie Velei'ans Folindation foi. Ilie SLIPPOI'I of veterans. Wai'n) Honies Healiliy People (Groundworks): a pioject in parliiersl)ip witli oiliei. agencies delivering a warin homes liealthy people project pui'chasing aiid delivei'iiig wiiitei. wariiiili packs arid cai'rying out essential I'epairs to heating syslemslboilei's. Wai'in Hoi)ies Healihy People (B WYHP).. Provision of warin l)oiiie packs, Iieaters ai)d i))inor boilei. I'epairs. WYCA. A Coniiiiiinity Active Ti'avel Gi'ant lo eslablisl) a walking gioLIP. Page 28
Age UK Bi'adford District Ltd Notes to the Financial Statements for the YeaR' Ended 31 mai.cli 2025 National Lotteiy.. A gi'ant to fuiid tl)e pi'ovision of Iiifoi'ination Plus services aciDss Bradford District. A Pla¢e Call Hoine.. A graiit to piovide Iiiforinatioi), Advice & Casework witl)in Coiniiiunity settiiigs focussing on welfai'e benefits take-lip and ii)dependeiit living. 19 Aiialysis of net Assets betweeii fuiids Uni'esti'ieted funds Genei'al Total funds at 31 March 2025 Restricted fuiids Tangible fixed assets Cui'i'ei)t assets Cu11'ent liabilities Creditors over l yeai. 29,351 123,439 (56,992) (2,935) 29,351 166,472 (58,658) (2,9J5) 43,033 (1,666) Total net assets 92,863 41,367 134,230 Uni'esti'icted funds Genei'#l Total fuiids at 31 MAI'ch 2024 Restricted fuiids Tangible fixed assets Cui'i'ei)t assets Cui'i'eiit liabilities 30,772 241,060 (48,950) 30,772 329,621 (58,289) 88,561 {9,339) Total net assets 222,882 79,222 302,104 20 Related PAI'ty trAns2ctions Tliei'e were no I'elated pai'ty transactions in the cuii'enl oi. prior yeai-. Page 29