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← Age UK Bristol

2025-03-31-accounts

Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

REGISTERED COMPANY NUMBER: 02984207 (England and Wales) REGISTERED CHARITY NUMBER: 1042548

Report of the Trustees and

Financial Statements

for the Year Ended 31 March 2025 for Age UK Bristol

Sumer Auditco Limited Statutory Auditor Chartered Accountants Lennox House 3 Pierrepont Street Bath Somerset BA1 1LB

Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Report of the Trustees 1 to 6
Report of the Independent Auditors 7 to 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 25

Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Report of the Trustees for the Year Ended 31 March 2025

The Trustees of Age UK Bristol (AUKB), who are also Directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To promote the relief of elderly people in any manner which now or hereafter may be deemed by law to be charitable in and around Bristol (hereinafter called "the area of benefit").

STRATEGIC REPORT

Investment policy and objectives

The Trustees have considered the most appropriate policy for investing funds and have decided to hold charity funds in a specialist charity bank account. These have given a very modest income for the year, in line with similar deposits.

Reserves policy

The Trustees have established a policy whereby the remaining unrestricted funds, not committed or invested in tangible fixed assets, ('the free reserves') held by the charity should be between 3 and 6 months of the resources expended. This policy equates to £150,000 to £300,000 in general terms. At this level, the Trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. At present, the free reserves amount to £259,566 (2024: £279,917).

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Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Report of the Trustees for the Year Ended 31 March 2025

Age UK Bristol

STRATEGIC REPORT Financial review

The organisation continues to develop strong working relationships with other voluntary, community and social enterprise (VCSE) organisations and with the statutory sector in respect of support for health and social care. This enables us to focus our efforts and to deliver effective services in a time of continued national economic uncertainty.

Trustees recognise that the coming year will be challenging and that AUKB must continue to adapt, making full use of any opportunities to meet the needs of older adults and on ensuring the organisation is working as cost efficiently as possible.

During the year:

a) The Information & Advice service supported older adults to claim benefits and allowances, raising £2.4m on their behalf. This free service is funded through grant and community fundraising activity. The team supported 2205 people, with 6590 contacts and provided help with 4261 issues.

b) New Beginnings Day Service provided support for older people based on their interests and needs including support with activities of daily living such as cooking. The city council's funding for social care is under pressure which does reduce the number of referrals we receive from them. However, the continued demand for daytime support and our ability to prevent premature admission to a care home by providing respite support for carers does mean that for those with high levels of need, we are still a vital service. In order to highlight the benefits of this service, we are working with Age UK national with a view to influencing local authority commissioning.

c) To avoid disruption to service users when a staff member left Age UK Bristol, we took the decision to transfer our Memory Connections service to another voluntary organisation with capacity, ensuring a smooth transition for service users.

d) Our Friends Ageing Better service grew in popularity and became well-known for supporting older adults to socialise and make new friends through social cafes, tai chi sessions, discos, newsletters, What's on Guides and a telephone group for those who are unable to leave their home. We stopped using the name 'LinkAge' in favour of Friends Ageing Better (FAB) for the sake of clarity. Our FAB network has continued to grow and we expanded our direct offer to older adults this year.

e) A social return on investment evaluation by University of West of England (UWE) identified that the preventative savings made by our Going Home from Hospital service were considerably more than the cost of the contract to Bristol City Council (BCC). As a result, it was agreed that the team could increase slightly in size in April 2024 with continued funding from BCC. The council also committed more funding to UWE to enable a fuller evaluation of the service in 2025-26 to support them when considering future commissioning of the service. The team has continued to work well in Southmead Hospital, extended into the Bristol Royal Infirmary and now also supports Adult Social Care's 'front door' service.

f) We continued our strategic and influencing role:

g) In February 2025, we received four months' notice from our landlords that they wished to terminate the lease of Canningford House to enable them to rebuild. We decided to make our office in Withywood our registered address, enabling savings on rent and service charge while we considered a longer-term office solution.

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Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Report of the Trustees for the Year Ended 31 March 2025

STRATEGIC REPORT

Financial review

h) AUKB had 3 legacies of £51,951.25 paid in the financial year, with one being a part-payment (2024: £2,000). We are looking into promotion of legacies to capitalise on this income stream in the longer term.

i) AUKB had 34 paid staff at 31st March 2025, 10 of whom worked full time and 24 part-time, making a full time equivalent of 21 paid staff. During the year AUKB recruited 3 new members of staff. 5 people left AUKB during the year.

j) AUKB's work is supported by volunteers working with paid staff. During the year 64 volunteers worked with AUKB offering approximately 9,659 volunteering hours (2023-24: average of 99 volunteers and 14,262 hours). AUKB saw a decrease in the 'turnover' of volunteers, and a decrease in recruitment, with 26 new volunteers joining in the year and 23 volunteers leaving. Volunteer recruitment and retention remains challenging, due to cost of living pressures which mean that people are working for longer and that older people in general have less time to volunteer. Society's ageing demographic also means that more people who would previously have volunteered are now supporting their parents in caring roles. Volunteering continues to be a major contribution to our work and brings health and wellbeing benefits to the people who volunteer too. We are looking for ways to encourage more people to volunteer.

Fundraising

AUKB has a Fundraising Standards Policy in line with the Chartered Institute of Fundraising Codes of Practice. AUKB is a member of the Chartered Institute of Fundraising and is registered with the Fundraising Regulator. Our Communications & Fundraising Manager is also an individual member of the Chartered Institute of Fundraising. These standards bind all colleagues, staff and volunteers working on our behalf and AUKB is fully compliant with the standards. The Communications & Fundraising Manager leads and monitors all fundraising activities and there have been no complaints received by the charity. AUKB protects vulnerable people by complying with its Fundraising Standards.

Financial and risk management objectives and policies

The Trustees have conducted regular bi-annual reviews of the significant risks to which the charity is exposed. Systems have been put in place to mitigate those risks. AUKB has a Strategic Plan which allows for the diversification of funding and activities. Internal threats are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charity. These procedures are reviewed to ensure that they still meet the needs of the charity.

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Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Report of the Trustees for the Year Ended 31 March 2025

STRATEGIC REPORT Future plans

Our strategic objectives are to improve people's quality of later life by:

We identified our key challenges in 2024-25 as being that:

These pressures were considered alongside some potential new opportunities:

The Trustees are pleased to report that the charity has continued to serve its beneficiaries through reshaping its offer to older people in line with changing needs. In addition, collaborative working with other organisations, and pivoting our services to support the NHS and Adult Social Care is mitigating some of the challenges we have identified.

Trustees would like to make note here that significant and critical challenges to the organisation have been assessed and that these continue to guide future plans. Trustees acknowledge the difficulties the organisation will face over the coming year, but are satisfied that the organisation has sufficient funds to continue to operate. Trustees can see that there are sufficient avenues of opportunity for AUKB to pursue and are of the opinion that if AUKB continues to transform and promote its service offer consistently, there is potential for the organisation to generate more funds and diversify income streams.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charitable company was set up under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Under those Articles, the Trustees are elected at the AGM to serve a period of 3 years, subject to ratification at each AGM. Trustees may stand for 2 further terms of 3 years. In exceptional circumstances, a Trustee with particular skills may be asked to continue for a further 3 year term.

Trustees and members

Trustees, who are Directors for the purpose of company law and Trustees for the purpose of charity law, who served during the year and up to the date of this report, are set out on page 6.

Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up.

No Trustee was reimbursed travelling and subsistence expenses incurred during the year. Trustee, Directors and Officers' liability in the aggregate for all claims made for the period of insurance has a limit of indemnity of £1,000,000. The Insurer's total liability for all Trustee, Director or Officers is 10% of the Limit of Indemnity or £100,000, whichever is the lesser.

Key management and the Chief Executive Officer, were paid total remuneration during the year of £53,008 (2024: £54,631). The level of payment is set by the Trustees, taking into account the responsibilities of the post and the level of income of similarly responsible positions in the local charitable sector.

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Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Report of the Trustees for the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees

Potential Trustees are identified by the Chair and other Trustees or through appropriate advertisement and recruitment process and applicants are invited to attend a board meeting before deciding whether to accept the appointment.

A skills audit of existing Trustees is undertaken, and the recruitment of Trustees designed to rectify gaps in the skills available and maintain those currently covered. In general, Trustees will bring specific expertise (e.g. financial or legal) or will have experience of working with older people in the charitable sector.

Organisational structure

The full Board of Trustees meets every 8 weeks to determine policy and monitor performance.

The day-to-day management of the charity is entrusted to the Chief Executive. The Chair meets regularly with the Chief Executive to direct the organisation.

Induction and training of new trustees

Trustees are provided with a handbook which gives details of the organisation and functions of the charity, and the legal and other responsibilities of Trustees. New Trustees also have an induction session with the Chief Executive when they are introduced to key staff and the principal activities of the charity.

Related parties

The charity is federated to the national organisation Age UK. Age UK also provides advisory support for our Information & Advice work and other advice as required.

In this financial year, BCC funded two services that are important to the work AUKB carries out (the Going Home from Hospital service and New Beginnings day service).

How our activities deliver public benefits

All the activities of the charity are designed to benefit any member of the public who falls within the age criteria. This is achieved either by directly improving the comfort, psychological welfare, or financial position of the service users or by indirectly enabling service users to improve their circumstances.

The Trustees confirm that they have duly taken note of the guidance published by the charity commission.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

02984207 (England and Wales)

Registered Charity number

1042548

Registered office

The Withywood Centre Queens Road Bristol BS13 8QA

Trustees

Ms M E Malpass - Chair of the Board of Trustees R E Campbell (resigned 27.11.25)

Ms J I Brown Ms Y M Gordon Ms J Sutton Ms E Masha (resigned 24.7.25) Ms R S Millar Programme Lead In Health Policy J Brooks (appointed 27.3.25)

Auditors

Sumer Auditco Limited Statutory Auditor Chartered Accountants Lennox House 3 Pierrepont Street Bath Somerset BA1 1LB

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Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Report of the Trustees for the Year Ended 31 March 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Age UK Bristol for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Sumer Auditco Limited, will be considered for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by: 18/12/2025 (oe ........................................................................ E0D43986DB924A7... by: Ms M E Malpass - Trustee

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Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Report of the Independent Auditors to the Members of Age UK Bristol

Opinion

We have audited the financial statements of Age UK Bristol (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

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Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Report of the Independent Auditors to the Members of Age UK Bristol

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows:

We obtained an understanding of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies act 2006, Charities Act 2011, the Charity SORP, and UK financial reporting standards as issued by the Financial Reporting Council.

We obtained an understanding of how the company complies with these requirements by discussions with management and those charged with governance.

We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.

We inquired of management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations.

Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Report of the Independent Auditors to the Members of

Age UK Bristol

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

[Powell] |[Mark.] Signed by:

22949C806F 1446C... Mark Powell (Senior Statutory Auditor) for and on behalf of Sumer Auditco Limited Statutory Auditor Chartered Accountants Lennox House 3 Pierrepont Street Bath Somerset BA1 1LB

18/12/2025

Date: .............................................

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Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Statement of Financial Activities

for the Year Ended 31 March 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Income from charitable activities
Investment income
3
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Charitable activities
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
122,397
494,220
8,702
625,319
16,259
609,338
625,597
(278)
301,151
300,873		 Restricted
funds
£
-
409,265
-
409,265
-
435,729
435,729
(26,464)
154,891
128,427		 2025
Total
funds
£
122,397
903,485
8,702
1,034,584
16,259
1,045,067
1,061,326
(26,742)
456,042
429,300		 2024
Total
funds
£
17,366
1,288,483
70,279
1,376,128
11,980
1,284,466
1,296,446
79,682
376,360
456,042

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

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Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol Balance Sheet 31 March 2025

2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 12 18,815 - 18,815 21,234
CURRENT ASSETS
Debtors 13 99,427 60,863 160,290 27,607
Investments 14 44 - 44 44
Cash at bank 211,545 165,995 377,540 580,489
311,016 226,858 537,874 608,140
CREDITORS
Amounts falling due within one year Amounts falling due within one year
15		 (28,958) (98,431) (127,389) (173,332)
NET CURRENT ASSETS 282,058 128,427 410,485 434,808
TOTAL ASSETS LESS CURRENT LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES 300,873 128,427 429,300 456,042
NET ASSETS 300,873 128,427 429,300 456,042
FUNDS 17
Unrestricted funds 300,873 301,151
Restricted funds 128,427 154,891
TOTAL FUNDS 429,300 456,042

The financial statements were approved by the Board of Trustees and authorised for issue on 18/12/2025 ............................................. and were signed on its behalf by:

(oe ............................................. E0D43986DB924A7... by: M E Malpass - Trustee

The notes form part of these financial statements

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Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol
Cash Flow Statement
for the Year Ended 31 March 2025
2025
Notes
£
Cash flows from operating activities
Cash generated from operations
1
(198,087)
Net cash (used in)/provided by operating activities
(198,087)
Cash flows from investing activities
Purchase of tangible fixed assets
(9,072)
Interest received
4,210
Net cash used in investing activities
(4,862)
Change in cash and cash equivalents in
the reporting period
(202,949)
Cash and cash equivalents at the
beginning of the reporting period
580,489
Cash and cash equivalents at the end of
the reporting period
377,540		 2024
£
123,475
123,475
(21,863)
3,406
(18,457)
105,018
475,471
580,489

The notes form part of these financial statements

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Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Notes to the Cash Flow Statement for the Year Ended 31 March 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
(Increase)/decrease in debtors
Decrease in creditors
Net cash (used in)/provided by operations		 2025
£
(26,742)
11,491
(4,210)
(132,683)
(45,943)
(198,087)		 2024
£
79,682
5,381
(3,406)
53,795
(11,977)
123,475

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24 Cash flow At 31.3.25
£ £ £
Net cash
Cash at bank 580,489 (202,949) 377,540
580,489 (202,949) 377,540
Liquid resources
Deposits included in cash - - -
Current asset investments 44 - 44
44 - 44
Total 580,533 (202,949) 377,584

The notes form part of these financial statements

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Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Notes to the Financial Statements for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

We have prepared projections that show there is sufficient cash to meet our liabilities as they fall due for at least 12 months from the date of signing of the financial statements. We will continue to review, change and adapt our approach to ensure our ongoing ability to achieve our mission and goals.

The financial statements have been prepared on a going concern basis as the Trustees consider that they have appropriate funding and reserves in place to continue to provide services and support for our service users for at least 12 months from the date of signing of the financial statements.

Income

Income including grants is included when receivable, except as follows:

Legacies

Legacies are recognised as receivable when the administrators of the estate have advised the charity of the approximate amount of the legacy. Any amounts above the original estimate are taken into income as received.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Categorisation of expenditure

'Cost of generating voluntary income' includes all expenditure directly or indirectly associated with the generation of funds, including the costs of the volunteer co-ordinator.

'Charitable activities' includes all costs incurred concerning the delivery of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 33% on straight line basis Computer equipment - 33% on straight line basis

Taxation

The charity is exempt from corporation tax on its charitable activities.

The charity is partially exempt for VAT purposes therefore expenditure is reported inclusive of any non-recoverable VAT.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES - continued

Fund accounting

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

3.

4.

Donations and legacies
INVESTMENT INCOME
Rents received
Deposit account interest
Rents received from sub letting have reduced as part of the relocation.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Charitable activities
Income from charitable activities		 2025
2024
£
£
122,397
17,366
2025
2024
£
£
4,492
66,873
4,210
3,406
8,702
70,279
2025
2024
£
£
903,485
1,288,483

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Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

4. INCOME FROM CHARITABLE ACTIVITIES - continued

New Beginnings
Bristol City Council
Self-funded client fees
One-off small grants
Information and Advice
Age UK Warm Homes
Dementia Wellbeing Service
Age UK Scams 21-24
Other
Client grants
Cost of living advice
Quartet
National Lottery
Community Services - Home Support
Bristol City Council
Self-funded clients
Active Ageing Bristol
Bristol Walk Fest
Boat Building/Building Lives
BCC Public Health
LinkAge
FAB BAB
FAB Tai Chi
ICC
Buddy Up (Peer Support)
Other
Connecting Communities
NHS - El Microgrants
Active Lives
NHS - HIT
NHS - TTT Trailblazers
NHS - BHP
Community Services - Memory Connections
Self-funded clients
CC FAB - Memory Connections
Other		 Total 2025
£
156,614
17,207
1,540
175,361
41,361
15,184
-
9,924
98,829
-
3,594
168,892
-
-
-
4,030
-
5,184
9,214
21,925
8,239
-
-
3,223
33,387
12,083
12,083
4,702
-
6,000
10,702
5,198
3,774
3,631
12,603
Total 2024
£
114,725
33,662
476
148,863
16,750
5,580
15,000
9,604
74,750
7,500
68,054
197,238
2,960
11,765
14,725
23,330
10,699
10,568
35,089
106,478
8,451
36,538
20,000
14,023
185,490
77,307
77,307
99,968
9
7,000
106,977
5,363
12,264
14,121
31,748

Page 16

continued...

Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. INCOME FROM CHARITABLE ACTIVITIES - continued

Going Home

ICB-Tech for better care
Strategic - Creating the Conditions
ICB - ConnectED
University of Stirling
Quartet
John James Foundation
Celebrating Age Festival
Other
Core
Partner Support
Other
Restricted - Going Home from Hospital
BCC - Winter pressures
Restricted - CRF tech upgrade
BCC
Restricted - NHS Connecting Communities
NHS
Restricted - Age Friendly Employment
St Monica Trust
Total Charitable Activity Income
Deferred income		 -
-
37,915
4,393
-
-
-
3,628
45,936
7,500
18,542
26,042
318,402
-
-
90,863
903,485		 6,500
6,500
30,000
-
19,938
1,088
3,912
229
55,167
7,391
23,729
31,120
-
52,210
346,050
-
1,288,484

Income includes the following amounts received in 2023/24 but deferred to 2024/25 and excludes the following income received in 2024/25 applied to 2025/26:

Deferred Deferred
to 2024/25 from 2024/25
£98,431 £27,592

This is received grant funding, deferred for future project work, that have performance related conditions that meet the deferral criteria.

Page 17

continued...

Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

5. RAISING FUNDS

Raising donations and legacies

Staff costs 2025
£
16,259		 2024
£
11,980

6. CHARITABLE ACTIVITIES COSTS

Core Services
New Beginnings
Information and Advice
Bristol Ageing Better
Active Ageing Bristol
LinkAge
Connecting Communities
Community Services - Memory
Connections
Strategic - Creating the Conditions
Active Lives
Going Home from Hospital
NHS Connecting Communities
Community Services - Home Support
CRF tech upgrade		 Direct
Costs
£
97,519
124,965
162,100
-
22,915
34,725
-
20,097
30,828
14,189
338,570
-
-
22,492
868,400		 Support
costs
£
137,171
16,583
1,274
2,558
5,257
7,646
-
479
11
695
1,440
-
-
3,553
176,667		 Total
2025
£
234,690
141,548
163,374
2,558
28,172
42,371
-
20,576
30,839
14,884
340,010
-
-
26,045
1,045,067		 Total
2024
£
79,861
152,937
215,750
3,557
38,172
180,099
77,307
20,108
56,977
127,248
73,196
224,355
15,887
19,012
1,284,466

Page 18

continued...

Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. SUPPORT COSTS

Basis of allocation
Services
New Beginnings
Information & Advice
Bristol Ageing Better
Active Ageing Bristol
LinkAge
Community Services - Memory
Connections
Strategic - Creating the Conditions
Active Lives
NHS Connecting Communities
CRF tech upgrade		 Premises
Space used
£
61,016
14,691
5
-
5
15
-
-
-
-
-
75,732		 General office
& finance
Hours worked
£
55,197
1,892
1,269
2,558
5,252
7,631
479
11
695
1,440
3,553
79,677		 Governance
Income
£

20,958
-
-
-
-
-
-
-
300
-
21,258		 Total
2025
£
137,171
16,583
1,274
2,558
5,257
7,646
479
11
695
1,440
3,553
176,667

Comparative

Basis of allocation
Services
New Beginnings
Information & Advice
Bristol Aging Better
Active Ageing Bristol
LinkAge
Community Services - Memory Connections
Strategic - Creating the Conditions
Active Lives
Going Home from hospital
Community Services - Home Support
CRF tech upgrade		 Premises
Space used
£
18,003
14,638
11,980
3,557
1,868
12
2,338
14,335
10,660
61,022
14
-
138,427		 General office
& finance
Hours worked
£
35,789
4,290
674
-
5,191
13,025
391
2,083
4,028
1,123
342
14,512
81,448		 Governance
Income
£

20,232
-
-
-
-
-
-
-
2,050
-
-
-
22,282		 Total
2024
£
74,024
18,928
12,654
3,557
7,059
13,037
2,729
16,418
16,738
62,145
356
14,512
42,157

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Audit fee
Other non-audit services
Depreciation - owned assets		 2025
£
9,060
2,340
11,491		 2024
£
8,520
2,160
5,381

Page 19

continued...

Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2025
£
554,593
36,244
31,058
621,895		 2024
£
589,926
37,443
29,309
656,678

The average monthly number of employees during the year was as follows:

2025 2024

No employees received emoluments in excess of £60,000.

Management and administration
New Beginnings
Bristol Ageing Better
Services
Information and Advice
Linkage
Home Support
Connecting Communities
Active Ageing Bristol
Going Home from hospital		 Full-time
3
-
-
-
1
-
-
-
-
3
7		 Part - time
2
12
-
4
4
-
-
-
1
3
26		 2025
Full-time
equivalent
5
4
-
1
4
-
-
-
1
5
20		 2024
Full-time
equivalent
5
4
-
1
4
-
-
-
1
5
20

Remuneration of key management

Key management is those persons having authority and responsibility for planning, controlling, and directing the activities of the company. In the opinion of the Board, the critical management is Trustees and the Chief Executive Officers of the company. Total compensation to key management personnel was £53,008 (2024: £54,631).

Pensions

The Chief Executive of Age UK Bristol participates in the Pension Trust's Growth Plan. The Plan is a multi-employer defined benefits plan and is not contracted out of the State scheme.

The Growth Plan is a "last man standing" multi-employer scheme. If a withdrawing employer is unable to pay its debt on withdrawal, the liability is shared amongst the remaining employers. The participating employers are, therefore, jointly and severally liable for the deficit of the Growth Plan.

Age UK Bristol has been notified by The Pensions Trust of the estimated employer debt on withdrawal from the Plan based on the financial position of the Plan as at 30th September 2024. As of this date the estimated employer debt for Age UK Bristol was £2,041(2024: £1,916), and no contribution was required towards the deficit.

The rest of the staff are enrolled in the NEST pension scheme. The National Employment Savings Trust is a defined contribution workplace pension scheme.

Page 20

continued...

Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
17,366
Charitable activities
Income from charitable activities
890,223
Investment income
70,279
Total
977,868
EXPENDITURE ON
Raising funds
11,980
Charitable activities
Charitable activities
1,037,538
Total
1,049,518
NET INCOME/(EXPENDITURE)
(71,650)
RECONCILIATION OF FUNDS
Total funds brought forward
372,803
TOTAL FUNDS CARRIED FORWARD
301,153
12.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2024
73,256
Additions
-
At 31 March 2025
73,256
DEPRECIATION
At 1 April 2024
72,608
Charge for year
648
At 31 March 2025
73,256
NET BOOK VALUE
At 31 March 2025
-
At 31 March 2024
648		 Restricted
funds
£
-
398,260
-
398,260
-
246,928
246,928
151,332
3,557
154,889
Computer
equipment
£
107,759
9,072
116,831
87,173
10,843
98,016
18,815
20,586		 Total
funds
£
17,366
1,288,483
70,279
1,376,128
11,980
1,284,466
1,296,446
79,682
376,360
456,042
Totals
£
181,015
9,072
190,087
159,781
11,491
171,272
18,815
21,234

Page 21

continued...

Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income
14.
CURRENT ASSET INVESTMENTS
Listed investments
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income		 2025
£
91,526
68,764
160,290
2025
£
44
2025
£
7,435
3,798
-
116,156
127,389		 2024
£
22,540
5,067
27,607
2024
£
44
2024
£
123,494
4,272
994
44,572
173,332

The deferred income of £98,431 (2024: £27,592) is received grant funding, deferred for future project work, that have performance related conditions that meet the deferral criteria.

16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 2025
£
4,092
-
4,092		 2024
£
16,367
30,006
46,373

With effect from 30 June 2025, Age UK have surrendered the lease at Victoria Street and moved to the Withywood Centre. There is no live formal lease agreement in place, so no future contractual lease liabilities exist after this date.

Page 22

continued...

Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund
New Beginnings
Information and Advice
Active Ageing Bristol
LinkAge
Connecting Communities
Community Services - Memory
Connections
Strategic - Creating the Conditions
Active Lives
Going home from hosiptal
Restricted funds
Going Home from Hospital
CRF Tech upgrade
Age Friendly
TOTAL FUNDS		 At 1.4.24
£
187,951
-
16,490
39,886
30,760
-
17,065
607
5,100
3,292
301,151
121,693
33,198
-
154,891
456,042		 Net
movement
in funds
£
4,011
33,813
(6,447)
(25,070)
(14,953)
12,083
(6,563)
7,945
(5,097)
-
(278)
(91,283)
(26,044)
90,863
(26,464)
(26,742)		 At
31.3.25
£
191,962
33,813
10,043
14,816
15,807
12,083
10,502
8,552
3
3,292
300,873
30,410
7,154
90,863
128,427
429,300

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
New Beginnings
Information and Advice
Active Ageing Bristol
LinkAge
Connecting Communities
Community Services - Memory
Connections
Strategic - Creating the Conditions
Active Lives
Restricted funds
Going Home from Hospital
CRF Tech upgrade
Age Friendly
TOTAL FUNDS		 Incoming
resources
£
149,983
175,361
170,346
9,214
36,026
12,083
14,688
46,916
10,702
625,319
318,402
-
90,863
409,265
1,034,584		 Resources
expended
£
(145,972)
(141,548)
(176,793)
(34,284)
(50,979)
-
(21,251)
(38,971)
(15,799)
(625,597)
(409,685)
(26,044)
-
(435,729)
(1,061,326)		 Movement
in funds
£
4,011
33,813
(6,447)
(25,070)
(14,953)
12,083
(6,563)
7,945
(5,097)
(278)
(91,283)
(26,044)
90,863
(26,464)
(26,742)

Page 23

continued...

Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
New Beginnings
Information and Advice
Active Ageing Bristol
LinkAge
Community Services - Memory
Connections
Strategic - Creating the Conditions
Active Lives
Going home from hospital
Community Services - Home Support
Restricted funds
Bristol Ageing Better
Going Home from Hospital
CRF Tech upgrade
TOTAL FUNDS		 At 1.4.23
£
167,383
410
33,972
42,969
25,018
5,425
2,267
25,371
69,988
-
372,803
3,557
-
-
3,557
376,360		 Net
movement
in funds
£
25,233
(3,913)
(17,482)
(3,083)
5,742
11,640
(1,660)
(20,271)
(66,696)
(1,162)
(71,652)
(3,557)
121,693
33,198
151,334
79,682		 Transfers
between
funds
£
(4,665)
3,503
-
-
-
-
-
-
-
1,162
-
-
-
-
-
-		 At
31.3.24
£
187,951
-
16,490
39,886
30,760
17,065
607
5,100
3,292
-
301,151
-
121,693
33,198
154,891
456,042

Page 24

continued...

Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096

Age UK Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
New Beginnings
Information and Advice
Active Ageing Bristol
LinkAge
Connecting Communities
Community Services - Memory
Connections
Strategic - Creating the Conditions
Active Lives
Going home form hospital
Community Services - Home Support
Restricted funds
Bristol Ageing Better
Going Home from Hospital
CRF Tech upgrade
TOTAL FUNDS		 Incoming
resources
£
117,068
149,025
198,268
35,089
185,841
77,307
31,749
55,318
106,977
6,501
14,725
977,868
-
346,050
52,210
398,260
1,376,128		 Resources
expended
£
(91,835)
(152,938)
(215,750)
(38,172)
(180,099)
(77,307)
(20,109)
(56,978)
(127,248)
(73,197)
(15,887)
(1,049,520)
(3,557)
(224,357)
(19,012)
(246,926)
(1,296,446)		 Movement
in funds
£
25,233
(3,913)
(17,482)
(3,083)
5,742
-
11,640
(1,660)
(20,271)
(66,696)
(1,162)
(71,652)
(3,557)
121,693
33,198
151,334
79,682

Bristol Ageing Better (BAB) fund is in relation to a 6 year Big Lottery grant. The BAB programme funds several projects to reduce social isolation, but the major focus turned to the development of an Age-Friendly City strategy and the dissemination of learning from the programme. It aims to ensure that ongoing funding for projects and work streams (most of which were delivered by external organisations and not Age UK Bristol) with evidence of successful outcomes would be secured.

CRF Tech Upgrade is funding for IT upgrades and is funded via a Capital Grant Agreement from 15 December 2023 - 30 September 2025

Going Home from Hospital is funding from Bristol City Council Adult Social Care for support with hospital discharge. Grant Agreement from 1 April 2024 - 31 March 2025.

Age Friendly Employment & Volunteering is funding from St Monica Trust to provide workshops for local employers on how to be an age-friendly employer and also to support people aged 50+ who are seeking work or volunteering to find suitable employment or volunteering opportunities. Conditions of Grant agreement from 8 January 2024 - 31 March 2027.

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025 ( None for 2024).

Page 25

Docusign Envelope ID: BDF35EA5-DC11-4372-9B1E-9C4436F54096