Registered number: 02960617 Charity number: 1047605 Age Concern (Herne Bay) operating as Age UK Herne Bay & Whitstable (A company limited by guarantee) Trustees. report and financial statements For the year ended 31 March 2024
Age UK Heme Bay & Whitstsble (A company limited by guarantse) Gontsnts Page Reference and admlnistrative detalls of the Charlty. its Trust888 and advisers Chalrman's statement Trustsas. report Independent auditor's report on the financial statements statement of financial activities 3-12 13-16 17 Balance sheot 18 Statement of cash flows 19 Notes to tho financlal statements 20-38
Ag8 UK Herne Bay & Whitstable (A company Ilmit8d by guarantse Reference and administrative detalls of the Charity, its Trustees and advisers For the year ended 31 March 2024 Trustaes Dr R Wheeldon, Chairman (resigned as Chair July 2024) Mr C Jones, Vice Chairman (appointed 25 August 2023. deceased 3 July 2024) Mr J McPhie, Treasurer Mrs E Denham Mrs J Bedford (resigned 14 February 2024) Mr T Goodwin, Chairman (appointed Chair July 2024) Mr C A Mowatt (resigned 21 June 2023) Dr N M Robertson J Freer (appointed 23 May 2023) S J Goff (appointed 23 May 2023) Bety Briant (appointed 10 October 2024) Company registered number 02960617 Charity reglstered number 1047605 R8glstered office 16 Reculver Road Herne Bay Kent CT6 6LE Chief executive officer Mrs L Cowdry Independent auditor Kreston Reeves LLP Chartered Accountants Statutory Auditor Montague Place Quayside Chatham Maritime Chatham Kent ME4 4QU Bankers Barclays Bank PLC 130 Mortimer Street Heme Bay Kent CT6 SEG Solicitors Girlings 39 William Street Herne Bay Kent CT6 5NP Page 1
Age UK Herna Bay & Whitstable (A company limited by guarantee) Chairnian's statement For the year ended 31 March 2024 The Chaimian presents his statement for the year: Since stsrting her role as new Chief Officer in April 2022, Linda Cowdry has continued to fully ernbra her strategic role within the Charty and provides both excellent internal management of the Charity and comprehensive assistance to the Trustees in the Governance of Age UK Herne Bay & Whitstable. Since stafting the role, Linda has been faced with a quickly changing and often challenging landscape under which the Charity must operate. Linda is supported by an excellent Leadership Team, including Leanne Amos, the Operations Manager. However, due to the ever-changing nature of her role, the Trustees are continuously working with Linda to review the management structure to ensure that Linda can focus on more strategic issues and that the correct leverage betsveen the management staff is being applied. The Charity's sources of funding for the 5ervi¢es it provides continues to change and evolve vdith changes to the seNices funded by Kent County Council, the amount of local authority funding available and other extemal sources of funds available outside the local authority and NHS funding contracts. Following the covid era, the Chadty has been looking to build up numbers once again in both the Hazell Neville and Bradbury Centres, whilst a150 developing new and existing senrices to provide the support and assistance needed by our cllent5, their families and carers. The Charity remains fully committed to tackling loneliness and isolation, supporting those living with dementia and their family carers as well as ensuring older are receivin9 all the financial support that they are entitled to. The Trustees and l extend our thanks and appreciation to all the staff and volunteers at Age UK Heme Bay and Whitstable for all their hard work, dedication and tenacity to ensure that the Charity continues to provide an excellent service to its clients and for improving the lives of the older persons and their families in a way which is respecfful. dignified and deserved. I have been honoured to take over the position as Chair from Dr Roger Wheeldon following his retirement following the year ended 31st March 2024.1 have been a Trustee of AGE UK for 25 years and I passionately believe in everything that at Age UK Herne Bay and Whitstable stands for the force for good which it brings to our community and the positive ways in which it enhances and changes our dient's lives. Yours Faithfull Tim Goodwin, Chairman Date.. Page 2
Age UK Herne Bay & Whitstabl8 (A company limited by guarantee) Trustees. report For the year ended 31 March 2024 The Trustees present their annual report together with the audited financial statements of the Charity for the 1 April 2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provision5 of the Statement of Recommended Practice (SORPI applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) (effective 1 January 2019). Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. The Charity also trades under the name5 Age UK Heme Bay & Whitstable. Objectlves and activities a. Policies and objectives The Chartty's objective is "to promote the relief of the elderly in any manner which now or hereafter may be deemed by the law to be charitable within the County of Kent with particular reference to Herne Bay and Whitstable and surrounding area., b. Volunteers Our team of volunteers have remained with us again this year and averaged around 200. Their continued contribution across all services allows us to conts'nue to deliver a broad range of high-quality services and keep the costs associated wth them down. Tnjslees would like to thank all our volunteers for their continued commitment, professionalism, and care. c. Main activities undertaken to further the Charity's purposes for the publlc beneflt Main activities undertaken to further the charity's purposes for the public benefit. All our Charitable activities focus on the needs of people over the age of 55 and are undertaken to rther our charitable purposes for the public benefit. Outlined below are seNices provided. Achievements and performance a. Key perforniance indicators At Trustee meetings the Charity's up to date financial a¢tivty against budget, cash flow and bank balances are presented by the Treasurer and Finance Officer. The Chief Officer provides a written report at every Trustee meeting, outlining the Charity's current activities and any future threats or opportunities. Key senior members of staff also provide Trustees wth written reports on the services they manage and case studies highlighting individual client journeys and stories. Funding from statutory bodies comes with Key Performance Indicators. Reports to those bodies are provided as required by the agreements. Any continuation funding for SeNiS thich are provided using the Charity's free reserves are made at the annual Budget meeting. The Chief Officer alongside the Finance Officer and Treasurer monitor the income and expenditure for each department at the end of every calendar month. If a department is not performing as predicted in the budget, any increa5eldecrease in activity that may require further discussion is reported at the next Trustee meeting. We were really pleased to have a positive audit outcome that saw us retaining the Charity Quality Standard with Age UK National. It Was reassuring to have met the standards required of us, we will continue to take a continual improvement approach to the quality of all the services we deliver. We were also pleased to have completed the move over to new financial and payroll Soare packages. This has streamlined processes and provicles electronic back up to all invoicing and payments. Page 3
Age UK Herne Bay & Whltstable (A company limitèd by guarantee) Trustees. report {continued) For the year ended 31 March 2024 Achievements and perforniance Icontlnuod) b. Review of aGtlviti8s The year 2023 to 2024 has been Characterised by the continued and increasing pressures on our client group and the organisation because of the cost-of-living crisis. We continue to strive to provide SeICe$ that are affordable where charges must be made but also recognise the importance of supporting staff by offering pay increases to retain them within the organisation and allow them to be able to manage the burden of economic pressures that they and their families also experience. Increases in wages, energy costs and insurances have proven to be a chalSenge for the organisation. We were pleased to be able to direct staff (and to a lesser extent) volunteers. to the new Employee Assistance Programme which will allow them to access free practical advice and emotional support as well as some generous discounting platforms. We continue to lead on a number of health and KCC commissioned contracts and grants across Kent. Dementla Coordinator Contract (East Kent) Age UK Herne Bay & Whrtstable along with delivery partners and Primary Care Networks have established the delivery of personalised support from pre-diagnosis through to end of lrfe, for people affected by dementia (including their family carers). The year did bring some un-expected news in that whilst fijnding was extended for another year, the KCC contract will be transitioned to health starting from 1st April 2024. We are pleased to see such a valuable service Continue to grow and embed itself within a new health led, dementia pathway. In terms of delivery, the service is having many positive impacts for those living with dementia and their family carers. During the year, the coordinators supported 1140 individuals in East Kent to 'Live Well" with dementia. Dementia & Me As main contract holder for the KCC commissioned Post Diagnostic Specialist Support for people with dementia and their families in East and West Kent, we have worked with delivery partners across the regions to develop and grow the provision of Dementia Café's, Befriending, Peer-to peer Groups, Young Onset Dementia Groups, and some Infomiation & Advice at the café's. During the year, the Dementia & Me Organisers delivered 1771 sessions that 1140 individuals benefitted from, with a total of 13,953 attendances. Quite an impact! Locally, Age UK Herne Bay & Whitstsble's Organiser continued to facilitate and lor oversee Monthly Dementia Drop- In Clinics, Dementia Café's, Carers Lunches, Befriending, Peer Support Groups, Craft based Make Your Momingl Aftemoon sessions and the ever-popular COGS clubs. The Dementla & Me Helpline The Kent wide helpline administered by the Heart of Kent Hospice on our behalf answered 203 calls dealing with urgent needs and questions around dementia, providing emotional support and reassurance in a time of need, and signposting to SeICe$ that will benefit them. Innovation Fund Iln 23124, our Innovation Fund fvnded seven organisations With a total of more than £58,000 to create dementia- specific projects chosen by our independent panel to further support people living with dementia. Page 4
Age UK Horne Bay & Whitstablo (A company limited by guarantee> Trustees. report (continued) For the year 8nd8d 31 March 2024 A¢hiev8ments and performanc8 Icontlnued) Bradbury Wellbeing Centre Our social opportunities clients enjoy the company of others, have a hot meal, and take part in activities ranging from arts and crafts, chair-based exercise, quizzes, gardening and party days. During the year 122 older people continue to attend anything from one to five days a week. Most take advantage of using the escorted, accessible transport provided, wthout which many would not be able to access the service. Additionally, some also choose to 'pop in. and enjoy a freshly cooked meal amongst friends. During the year we were privileged to have received a National Lottery Grant ta help transition to a full Cost recovery model following the1055 of historical grant fvnding. We also received some funding from the Age UK Cost of Living Response fund to assist with increasing attendance. Hazell Neville Dementia Day Care Centre The secure, centre-based sessions allow carers of people living with dementia to have some much-needed respite. For those attending the centre there is the stimulation of a change of scene and enjoyable activities and company of others. During the year 41 clients enjoyed attending. We also received some funding from the Age UK Cost of Living Response fund to assist with increasing attendance. A La Carted Meals Dellveries Our team of dedicated meal deliverers continue to help with deliveries ofthe freshly prepared lunches and teatime packages, 385 days a year. The deliverers also carry out much welcomed and needed welfare checks on those who look forward to their meals being delivered with a smilel On average, throughout the year 540 meals are delivered each week. The Laundry Service We continued to provide much needed support to those unable to manage the task independently. With laundry being collected and retumed 3 times a week to around 63 clients across Herne Bay & Whitstable. COGS Clubs The sessions have gone from strength to strength with membership growng in both the Herne Bay and Whitstable Clubs. Independent Living Servlce Continued to provide ongoing. bespoke support and companionship to clients in their homes or to access the community. 44 clients were supported via the service to go shopping, attend appointments, prepare meals as well as visits to garden centres and other community-based venues. Personal Independenco Program This free service is funded by health and the staff continue to work alongside the Primary Care Networks in the Ashford and Canterbury areas to ensure that older people receive personalised support to remain independent and achieve their personal goals. The SeiCe can support individuals for up to 12 weeks. During the year 750 people Vre most frequently helped to,. reduce social isolation by having been introduced to local groups and activities, feel safer at home by improving access to parts of property and being assessed for equipment. Page 5
Age UK H8rne Bay & Whitstable IA company Ilmited by guarantee) Trustees. report (contlnu8d) For the year ended 31 March 2024 Achievements and performance (Gontinued) Shad Quarters (Man's Shed} The adapted containers have now become workshops and social spaces to be proud of thanks to the hard work of the Shed Heads. The spaces are being put to good use with some great woodworking activity being undertaken and products being made and sold to contribute to the cost of the project. The year saw a gradual increase in membership along with a rise in the number of sessions being delivered in order to accommodate this. The Shed now has 23 members and 13 Shed Heads who enjoyed 208 sessions throughout the year. We also received some fvnding from the Age UK Cost of Living Response fund to assist with increasing attendance. Community Navigation Service (Connect Well) The Senior Navigator employed with the organisation continued to support her team across East Kent who help people access infonnation and guidance. Support at Home (Thanot Funded by the health, staff continued to offer clients free practical and emotional support in the community to help avoid unnecessary hospital admissions. During the year 590 people were supported by the help provided with shopping, light cleaning, companionship and trips out into the community. Telephone Enquiries and Sign posting Our reception team continue to be at the very front line for infomiation and signposting for local older people. They continue to ensure that all Callers are given the information needed so they can access the necessary support and deal with around 165 calls each week. Inforniation and Advice Our Information & Advice Officer, along with his growing team of volunteers deal with more in-depth enquiries where advice and guidan is needed. Demand for the seTvi¢e has continued to increase and new volunteers have been recruited to join the team to reduce waiting times for those that need support. During the year helped 899 people access around £347,595 in unclaimed benefits as well as supporting people to obtsin blue badges and gain advice on housing and social care issues. We received some funding from central government and administered by the National Lottery to deliver the service from October 2023 to 31 st March 2024. Befrlending Our dedicated team of volunteers continue to assist us in the mission to tackle loneliness and isolation amongst those who live alone and struggle to get out into the community. 52 older people were Befriended by 44 volunteers throughout the year. Twe friendships truly blossomedl Marigold {Home Help Service) Marigolds continued to provide valuable domestic support to help people remain at home. The team of 24 Marigolds helped 186 people during the year. Digital Champion Programme One of our key priorities is to seek to empower older people and. in a world where technology is central to being able to access information and support, we were pleasE!d to have been successful in obtaining funding from Age UK National to deliver a Digital Champion Programme. The funding allowed us to ensure that older people receive the support they need to learn essential digital skills and so avoid digital exclusion. Throughout the year the programme supported 86 people with how to use new devices and how to find information online. Page 6
Age UK Herne Bay & Whitstable IA company limited by guarantee) Trustses. report Icontlnuedl For the year ended 31 March 2024 Achievements and performance Icontinuod) Ladies that Lunch The monthly social group for women has gone from strength to strength during the year with around 26 ladies enjoying each other's company over a meal at our centre. Supported Bathing Servlce This service resumed during the year and those who struggle to have a bath themselves are now once again able to enjoy having a soothing soak in the specialist bath with caring and trained staff. Walking Football During the year the Whitstable Walking Football team had developed their skills to the point where they decided to become a competitive, league team and become affiliated with Whitstable Town FC to pursue this. The Herne Bay team remain non-competitive and continue to be self-sustsining via membership fees and the continued support and enthusiasm of the volunteer coaches. The 27 team members continue to enjoy the exercise and opportunity to sociali5e that the sessions offer. Tai Chl Movements for Wollbeing wlth Lesley This Volunteer delivered programme of gentle exercise helps to improve flexibility, balance, breathing and strength. 21 people have benefitted from this programme during the year. Handyperson Servlce Available to aid people with small tasks and jobs around the home. During the year 65 people benefrtted form having key safes fitted to their home, this service often contributes to a seamless discharge from hospital where access is needed by care companies or relatives. Room Hire The extended building has allowed u5 to increase areas that are available to hire. Our facilities are now rented to deliver regular U3A groups, Knit and Natter and Sewrng groups, Mindfulness Sessions, Footcare, Hairdressing, Counselling, Craft groups, and a Bridge Club. It's lovely to see the facilities being used by the community outside of our core service delivery hours and we have also welcomed individuals for on-off bookings of the venue for a variety of celebratory events like birthdays and anniversaries. c. Factors relevant to achieva objectives The Charity does not employ the services of a professional fund raiser. The Charity carries out a small amount of fundraising activities. No fundraising compliant vrfere received in the year. Flnanclal review . Going concem After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going ncern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Page 7
Age UK Hem8 Bay & Whitstable (A company limited by guarantee) Trustees. report Icontinued) For the year ended 31 March 2024 b. Re$eNes policy Age UK Heme Bay & Whitstable ha5 a Commitment to older people and to all of its staff and volunteers. The Board of Trustees has examined the requirement for free reserves, which are those unrestricted funds not invested, or designated for specific purposes or otherwise committed. The Trustees following due diligence considerthat given the nature of our work this should be the equivalent of 3 months operating costs of service provision. This is a range between £375k and £405k. Current free reserves are £466,618. This level of free reserves does not include all of the costs that may be incurred in the event of the Charity asing to operate. This is because the Trustees believe that sudden closure, or the likelihood of all services Ceasing at the same time to be remote. This Charity has shown stable and predictable income from a variety of sources for many years. The TTUStees ensure that the Charity holds adequate insurance cover for business interruption. Insurance cover is reviewed on an annual basis or immediately if new services are introduced. The grants income for this charity all have notice periods. Such advance notice will enable any cessation of SeiCe$ or staff redundancies to be undertaken in a timely manner. Trustees believe that although there may be a reduction in some service provision other services will continue therefore not all the stsff will be made redundant. The assets this charity owns are significant and offtigh liabilities. Designated and reserve fijnds will be shown separately on the accounts and the purpose of such monies held will be clearly explained. The Trustees actively review the major risks 1¢h the Charity faces on a regular basis and believe that the free reserves should be maintained at the levels stated above, combined with our annual review of the controls over key financial systems ¢arried out through an intemal audit programme, will provide sufficient reSoUrS in the event of adverse Conditions. The Trustees have also examined other operational and business risks and confirm that they have established systems to mitigate the significant risks. This policy wll be reviewed annually. Structure. governance and managoment Constitution Age Concern {Heme Bay) was incorporated on 16 August 1994 as a Company limited by guarantee and not having a share capital under the Companies Act 1985. It is govemed by its Memorandum and Articles of Association. The objects for which the association is established are to promote the relief of the elderly in any manner which now or hereafter may be deemed by the law to be charitable within the County of Kent with particular reference to Herne Bay and district. The Charity is constituted under a Memorandum of Association dated 16 August 1994, and later amended as of the 4 December 2019 and is a registered charity number 1047605. Page 8
Age UK Harne Bay & Whitstsble IA company limitod by guarantee) Trustees, report Icontinuedl For the year endèd 31 March 2024 Structure* governance and management (continued) b. Methods of appointment or electlon of Trustèes Trustees with suitable expertise are recruited to assist the existing trustees to manage Age UK Heme Bay & Whitstable. It Is envisaged that all Trustees will have an interest in older people and an understanding of the difficulties some face in maintaining a fulfilling life. The Charity shall have a Board of Trustees comprising at least five persons. For the avoidance of doubt. Trustees are 'directors' for company law purposes and 'trustees' for charity law purposes, and the personal detail of all Trustees shall be filed with Companies House and the Charity Commission, as required by law. The Trustees may at any time appoint additional Trustees. In selecting individuals for appointment as Trustees. the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the Charity. The Trustees shall annually conduct a skills audit and reviewthe composition of the Board of Trustees. deciding by majority vote which Trustees should continue in post. Organisational structure and decision4naklng policies The Trustees meet a minimum of five times each year. One week prior to the meeting, Trustees are sent the Chief Officer's Report, which outlines the day io day operations of Age UK Herne Bay & Whitstable since the last meeting. That report may also include specific decisions to be made by the Trustees. Any financial reports are also sent out one week prior to the meetings. Receiving reports prior to the meetings allows Trustees time to consider the content and request any further information they may require. Trustees administer the Charity and Company. The Chief Officer manages the day to day operations of the charity's services. The Trustees are familiar with those activities and bear in mind Charity Commission guidance on public benefit when making decisions. To facilitate effective operations, the Chief Officer has delegated authority from the Trustees for operational matters including finance, employment of staff, recruitment of volunteer5 and the provision of seNces. d. Polici8s adopted for the induction and training of Trustoes Newtrustees undergo an orientation programme, as set out in the Trustee Induction Policy, which includes meeting the Chief Officer and an existing Trustee to discuss howthe charity operates its day to day activities and its relationship wth the national charity. Copies of relevant guidelines published by the Charity Commission, copies of Chief Officer Reports to Trustee meetings, and copies of previous minutes of Trustee meetings are provided. New Trustee5 Vlslt the Reculver Road site to meet staff, other trustees, volunteers and clients to familiarise themselves with those involved with the charity'5 work. Trustees are also encouraged to attend relevant training events. . Pay policy for key management personnel Senior staff pay grades are compared to other local charity staff with similar respDnsibilities. Staff pay increases are based on the anticipated grant income charged for service income and the previous yearfs overall financial position. Any agreed percentage increase is awarded to all staff following the annual budget meeting, except when legislation, such as the minimum wage increase, is implemented and any knock on effect on differentials. f. Rolated party relatlonships Age UK Herne Bay & Whitstable is a member of the Age England Association and a Brand Partner ofAge UK. In October 2018, Age UK Herne Bay & Whitstable fomied a Company Limited by Guarantee named Age Well East Kent in partnership with other Age UK'slConcems in East Kent for the purpose of bidding for ¢ontracts and other funding to support our common Charitable Objectives. Page 9
Age UK Héme Bay & Whitstsblo (A company limited by guarantee) Trustses. report Icontlnued) For the year ended 31 Mah 2024 Structure, governance and management Icontinued) g. Flnancial risk management The Trustees have a risk management strategylplan which comprises: An annual rolling programme to review the risks the Chartty may face The establishment of systems and procedures to mitigate those risks identified in the plan The implementation of procedures designed to minimise any potential impact on the Charity should those risks materialise The key controls used by the Charity include: Formal agenda for the Trustee Meetings Detailed strategic planning, budgeting and management accounting Established organisational structure and lines of reporting Fomial lines of reporting Clear authorisation and approval levels Register of risks One of the key elements in the management of financial risk is the establishment of a Reserves Policy and a regular review process to ensure adequate long term assurance of operational services. Page 10
Age UK Heme Bay & Whitstable (A company limited by guarant88 Trustees, report Icontinuedl For tho year ended 31 March 2024 Plans for future periods Plans For the Future The coming year The year 202412025 will continue to be a period of change and challenge. We will be seeking to maximise the income generated from our building and facilities and to proactively seek grant funding for charitable activities to safeguard and diversify the seNices we offer to local older people in response to need but also to ensure the efficiency and financial sustainability of the or9anisation. The Trustee Board alongside the Senior Management Team will continue to monitor, review, and adapt to evolving circumstances. They wll also be planning and budgeting for all possible outcomes. The loss of funding that has traditionally been available to allow us to provide support at an affordable cost for clients poses the risk that the cost of services for some of the most vulnerable older people having to increase. However, Trustees remain committed to delivering affordable support to the most vulnerable older people in our area of benefit and all opportunities to this end will be explored. If funds allow, in 202412025 it is hoped we can continue to provide all the services currently on offer in Heme Bay & Whitstable as well as consult around needs, secure fijnding and deliver new services where needs and opportunities arise. Trustee priorities for the Charity continue to be.. Improving Health & Well Being Preventing Loneliness and Isolation Providing specialist Dementia services Providing practical help at home Informing and Empowering Older People Improving our efficiency and fiscal sustsinability Stratsglc Priorities to 2025 By 2025 we want to be able to demonstrate: That older people have access to quality services that meet their needs and maximise their ability to participate. That older people are provided with a range of opportunities for soaal interaction and activity. That older people and their unpaid carers are provided wtth the information and advice they need to enable them to make informed decisions and gain from unclaimed benefit entitlements which undoubtedly enrich their lives. That older people and their unpaid carers wll continue to benefitfrom our specialist support and advice for Dementia. That Age UK Herne Bay & Whitstable will continue to maintain and improve the efficiency and sustainability of our charity, for the future benefit of Older People, their families, and local Communities. That older people are positively encouraged to contribute their ideas to the continuing development of Age UK Herne Bay & Whitstable. That the support we can provide and the means of accessing it is widely known amongst the local population. Page11
Ago UK Herne Bay & Whitstablo (A company limited by guarantee) Trustees, report {continued) For the year endod 31 MarGh 2024 statement of Trustses. responsibillti8s The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the TfUStees' report 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 finanaal . Under company law, the Trustees must not approve the financial ststements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitsble accounting policies and then apply them consistently., observe the methods and prinuples of the Charities SORP (FRS 102)., make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable acGuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosu of information to auditor Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that: so far as that Trustee is aware, there is no relevant audit information of which the charity's auditor is unaware, and that Trustee has taken all the steps that ought to have been tsken as a Trustee in order to be aware of any relevant audit information and to establish that the chaiitls auditor is aware of that information. Audltor The auditor, Kreston Reeves LLP, has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees. Approved by order by: Ithe members of the board of Trustees on and signed on their behalf Mr T Goodwin Chairman .I,-) xN- Page 12
Age UK Herne Bay & Whitstable (A company limited by guarant88) Independent audltor's report to the Members of Age UK Herne Bay & Whitstable Opinion We have audited the financial statements of Age UK Heme Bay & Whitstable (the 'charity') for the year ended 31 March 2024 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes. 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements- give a true and fair view of the state of the charitable companys affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended; have been propedy prepared in accordance Yth United Kingdom Generally Accepted A¢¢ounting Practice.. and have been prepared in accordance with the requirements of the Companies Act 2006. 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 Auditorfs 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 United Kingdom, including the Financial Reporting Council'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. Concluslons relating to golng concorn In auditing the financial statements, we have concluded that the Trustees, use of the going concem 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 e1ve 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 thi5 report. Other information The other infomiation comprises the infomiation included in the Annual report other than the financial statements and our Auditor's report thereon. The Trustees are responsible for the other information contained within the Annual report. 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 fomi of assurance conclusion thereon. Our responsibility is to read the other information and. in doing 50, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inGon515tencies or apparent material misstatements, we are required to determine whetherthis 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 misststement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 13
Age UK Hem8 Bay & Whltstable (A company limited by guarantee) Independent auditor's report to the Mèmbers of Age UK Heme Bay & Whltstable {continued) Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the WOTk undertaken in the course of the audit.. the infomation given in the Trustees, report for the financial year for which the financial ststements are prepared is consistent with the financial statements. the Trustee5' report has been prepared in accordan with applicable legal requirements. Matters on which we are required to report by exceptlon In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misststements in the Trustees, report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you rf, in our opinion-. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us,. or the financial ststements are not in agreement with the accounting records and retums,. or certain disclosures of Trustees, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit., or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the Trustees, report and from the requirement to prepare a Strategic report. Responslbilities of trustees As explained more fully in the Trustees, responsibilities statement, 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 intemal control as the Trustees detemiine 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 Trtjstees are responsible for assessing the charitable company's ability to continue as a going concem, disclosing, as applicable, matter5 related to going concem and using the going concern basis of accounting unles5 the Trustees either intend to liquidate the charitable company or to cease operations. or have no realistic altemative but to do so. Auditor's responsiblllties for the audit of the flnanclal 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 an Auditor's reportthat 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 tsken on the basi5 of these financial ststements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irre9ularities, InGluding fraud is detailed below.. Capability of the audit in detecting irregularities, including fraud Page 14
Age UK Herne Bay & Whitstable (A company limited by guarantse) Independent auditor's report to the Membors of Age UK Herne Bay & Whitstable (continu8d) Based on our understanding ofthe Charity and the sector as a whole, and through discussion with the Trustees and other management (as required by auditing standards), we identified that the principal risks of non compliance with laws and regulations related to health and safety, safeguarding and employment law. We Considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a dire¢t impact on the preparation of the financial statements such as the Charities SORP {FRS 1021 Second Edition (released October 20191, the Companies Act 2006 and other relevant charity legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated Trustees, and management's incentives and opportunities for fraudulent manipulation of the financial statements {including the risk of override of controls) and determined that the principal risks related to.. posting inappropriate journal entries to increase revenue or reduce expenditure, management bias in accounting estimates and judgemental areas of the financial statements. Audit procedures performed by the engagement team included.. Discussions wth management and assessment of known or suspected instances of non-compliance with laws and regulations (including health and safety) and fraud- and Assessment of identified fraud risk factors., and Review of cash expenditure to confirm no evidence of personal benefit., and Challenging assumptions and judgements made by management in its significant accounting estimates., and Perfomiing analytical procedures to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud,. and Confirmation of related parties wth management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business,. and Reading minutes of meetings of those charged with governan¢e', and Physical inspection of tangible assets susceptible to fraud or irregularity., and Review of significant and unusual transactions., and Identifying and testing journal entries, in particular any manual entries made at the year end forfinancial statement preparation. Because of the inherent limitations of an audit, there 15 a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non- compliance.The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involvesintentional concealment, forgery, Collusion, omission or misrepresentation As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedure5 responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misststement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for the purpose of expressing an opinion of the effectiveness of the charitable company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Trustees. Condude on the appropriateness of the Trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concem. If we conclude that a material uncertainty exists, we are required to draw attention in my Auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of my Auditorfs report. However, future events or conditions may cause the charitable company to cease to continue as a going concern. Page 15
Age UK Home Bay & Whltstable (A company Ilmitod by guarantee) Independent auditoVs report to the Members of Ago UK Heme Bay & Whitstablo (contlnued) Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underfying transactions and events in a manner that achieves fair presentation. We cornmunicate with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any signrficant deficiencies in intemal control that we identify during our audit. 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 stste to them in an Auditor's 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 its members, as a body, for our audit work, for this report, or for the opinions we have formed. Samantha Rouse FCCA DChA (Senior statutory audltor for and on behalf of Kreston Reeves LLP Chartered Acuntants Statutory Auditor Chatham Maritime Date: Page 16
Age UK Herne Bay & Whitstable {A Company limited by guarantee) Statement of financial activitles (incorporating inGome and oxpenditure account) Forthe year 8nded 31 March 2024 Endowment funds 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments 826,394 5.633 620 137,054 734,294 5,976 157.506 963,448 739,927 6.596 157.506 698,166 772,305 7,902 131,951 Total income and endowments 832.647 1,034,830 1,867,477 1,610,324 Expenditure on: Raising fvnds Charitsble activities 719 845,782 1,082 1,124.347 1,801 1.970,129 646 1,821.775 10 Total expenditurn 846,501 1,125,429 1,971,930 1,622,421 Net movement In funds 113,854) (90,599) (104.453) (12,097> Re¢on¢lllation of funds: Total fijnds brought forward Net movement in fijnds Total funds carried forward 112,117 202,070 (13,854 3,334,578 190,599) 3,648,765 {104,453) 3,660,862 (12,097) 188,216 3.243,979 3,544.312 3,648,765 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 20 to 38 form part of these financial statements. Page 17
Age UK H8me Bay & V¥hitstablo (A company Ilmltsd by guarantee) Reglstered number: 02960617 Balance sheet As at 31 March 2024 2024 2023 Note Fixed assets Tangible assets Investment property 14 3,214,955 350.000 3,284.298 350,000 3,564.955 3,634.298 Current assets Debtors Cash at bank and in hand 16 484,669 890.024 102,291 886,125 1,374693 988,416 Creditors: amount5 falling due within one year 17 {823.821) (392,091) Net current assets 550.872 596,325 Total assets less current liabilities 4,115,827 4,230,623 Creditors- amounts falling due after more than one year 18 (571,515) (581,858) Total net assets 3.544,312 3,648,765 Charity funds Endowment funds Restricted fijnds Unrestricted funds 19 112.117 188,216 3,243,979 112,117 202,070 3,334,578 19 19 Total funds 3,544,312 3,648,765 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subjert to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on and signed on their behalf by: Mr T Goodwin Chaimian -),.l¥- The notes on pages 20 to 38 form part of these financial statements. Page 18
Age UK Heme Bay & Whitstsble IA company Ilmited by guarantèe) statement of cash flows For the year ended 31 March 2024 2024 2023 Cash flows from operatlng activities Net cash used in operating activities {113,584) 36,184 Cash flows from investlng activities Dividends, interests and rents from investments Proceeds from the sale of tangible fixed assets Purchase of tangible fixed assets 157,506 7,431 (37,593) 131,951 1,557 (66.188) Net cash provided by inv8sting actlvltles 127,344 67,320 Cash flows from financing activities Repayments of borrowing 19,861) (14,329) Net cash used In flnancing activities 19.861) {14,329 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning ofthe year Cash and cash equivalents at the end of the year 3,899 89.175 886,125 796,950 890,024 886.125 The notes on pages 20 to 38 form part of these financial statements Page 19
Age UK Heme Bay & Whitstabl8 (A company limited by guarantee) Notes to the financial statements For the year ended 31 March 2024 General inforniation Age UK Heme Bay & Whitstable is a charitable company and an exempt charity incorporated in England and Wale5, With charity registration number 1047605 and company registration number 02960617. The registered office is 16 Reculver Road, Herne Bay, Kent, CT6 6LE. The principal artivities of the Charity are as set out in the Trustees Report on page 5-7. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Age UK Herne Bay & Whitstable meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially reGognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Company status The Company is a company limited by guarantee. The members of the Company are the Trustees named on page 1. In the event of the Company being wound up, the liability in respect of the guarantee is limited to £1 per member of the Company. 2.3 Going concem The Trustees assess whether the use of going concem is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Tnjstees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as going concern, thus they continue to adopt the going concem basis of accounting in preparing the financial statements. Page 20
Ag8 UK Heme Bay & Whitstable (A company limlted by guarant88) Notes to the financial statements For thé year ended 31 March 2024 Accountlng policies {continu8d) 2.4 Income All income is recognised once the Charity has ents-tlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probabilty of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question wll not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, Gan be reliably measured. Grants are included in the Ststement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period 15 shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as defeed income. Where entitlement occurs before income is received, the income is accrued. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 2.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, 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 on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purpose5 and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.6 Government grants Government grants are credited to the Statement of financial activities as the related expenditure is incurred. 2.7 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity., this 15 normally upon notification of the interest paid or payable by the instituts'on with whom the funds are deposited. Page 21
Ag8 UK Herne Bay & Whitstable (A company limited by guarantse) Notes to the financial statements For the year ended 31 March 2024 Accounting policles Icontinued) 2.8 Tangible fixed assets and depreciation Tangible fixed assets costing £5,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the c()st model. tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tsngible fixed asset into its intended working condition should be included in the measurement of cost. Assets in the course of construction are included at costs incurred to date. Depreciation on these assets is not charged until they are brought into use. At each reporting date the Chanty assesses whether there is any indiGation of impaimient. If such indication exists. the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the Carrying amount exceeds the recoverable amount. Depreciation is ¢harged so as to allocate the c05t of tangible fixed a55ets les5 their residual value over their estimated usefijl lives, on the following bases- 2 % per annum (straight line basis) 250/0 per annum Istraight line basis) 25 % per annum (staight line basis Freehold property Motor vehicles Fixtures and fittings 2.9 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.10 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.11 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event. li is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provision5 are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability- The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.12 Financial Instruments The Charity only has financial assets and financial liabilitie5 of a kind that qualfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page 22
Ag8 UK Herne Bay & Whltstable IA company limlted by guarantee) Note5 to the financial statements For th8 year ended 31 March 2024 Accounting policies (continued 2.13 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and thich have not been designated for other purposes. Designated funds comprise unrestricted fvnds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Chartty for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statement5. Endowment funds represent the charity's original pemianent endowment. Critical a¢¢ounting ostimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions-. Tangible fixed assets - Useful economic lives The annual depreciation charge for tangible assets is sensitive to Changes in the estimated useful lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 12 for the carrying amount of the property. plant and equipment, and note 2.8 for the useful economic live5 for eath class of assets. Page 23
Age UK Hern8 Bay & Whitstable (A company limlted by guarante8} Notes to the financial statements For the year ended 31 March 2024 Incom8 from donations and lega¢i8s Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Donations Legacies Grants 3.183 71,967 39,963 25,124 75,150 39,963 848,335 59,612 37,358 601,196 823,211 826,394 137,054 963,448 698,166 Totsl 2023 588,598 109,568 698,166 Incom8 from charitable actlvities Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Charitable activities 5,633 734,294 739,927 772,305 Total 2023 6.950 765,355 772,305 Page 24
Ago UK Hem8 Bay & Whitstable (A company limited by guarantee) Notes to the financlal statements For the year ended 31 MarGh 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Catering Day Centre transport ILS and Help at Home Care Bathing Therapy Laundry Sundry Walking Football Other Miscellaneous Membership fees 309,969 49,715 142,169 185,922 2,075 1,515 40,210 1,327 309,969 49,715 142,334 185,922 2,075 1,493 40,210 3,254 2,533 1,305 87 1,030 334,561 51,011 113,582 221,717 3,711 509 37,405 1,701 5,234 2,176 188 510 165 (22) 1,927 2,533 1,305 87 1,030 5,633 734,294 739,927 772,305 Total 2023 6,950 765,355 772,305 Income from other trading actlvities Income from fundralslng events Restrlctsd Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Fundraising 620 5,976 6,S96 7,902 Total 2023 153 7,749 7,902 Page 25
Age UK Herne Bay & Whitstable (A company limited by guarantee) Notes to the financial statements For the year ended 31 March 2024 Investment income Unrestricted funds 2024 Total funds 2024 Total funds 2023 Rent Income Bank interest 141,843 15,663 141.843 15,663 129.160 2.791 157.506 157.506 131.951 Totsl 2023 131,951 131,951 Expenditure on raising funds Costs of ralslng voluntary Income R8Stricted Unrestricted funds funds 2024 2024 Total funds 2024 Totsl funds 2023 Fundraising expenses 719 1,082 1.801 646 Totsl 2023 157 489 646 10. Anatysis of expenditure on charitable activities Summary by fund type Restricted Unrestricted funds funds 2024 2024 Total 2024 Total 2023 Charitable activities 845,782 1,124,347 1.970.129 1,621.775 Totsl 2023 570,902 1,050.873 1,621,775 Page 26
Ag8 UK Hem8 Bay & Whitstable (A company limited by guarantool Notes to the flnanclal statements For the year ended 31 March 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Direct costs: Salaries and related costs Staff training Catering costs Transport costs Therapy 614,964 17,137 1,732 27.149 3,692 618,690 (3.407) 115,455 37,290 973 1,233,654 13,730 117,187 64,439 4,665 1,070,120 (4,632) 105,312 65,748 4,000 664,674 769,001 1,433,675 1,240,548 Support costs: Rent and water Insurance Heats-ng and lighting Postage and telephone Printing and stationery Repairs and maintenance Janitorial and laundry Miscellaneous Professional fees Room hire Mortgage interest and bank charges Depreciation Profit on sale of fixed assets Management fee5 Auditors, remuneration 6,862 22,482 36,704 597 (6,438) 66,010 29,942 3,608 24,414 8,121 50,526 102,812 (3,301) 4,183 9,450 6.862 25,696 37,904 10,151 7,410 103,931 29,9S1 20,575 30,014 47,600 50,526 102,812 (3,301 56,873 9,450 5,586 20,058 23,915 9,231 7,769 43.418 28,308 17,535 12,101 42,392 34,110 97.474 (1,557) 34,887 6,000 3,214 1,200 9,554 13.848 37,921 16,967 5,600 39,479 52,690 845,156 1,124,973 1,970,129 1,621,775 12. Staff costs 2024 2023 Wages and salaries Social security Gosts Pension costs 1,133,705 84,041 15,908 987.979 55.822 14,135 1,233,654 1,057,936 Page 27
Age UK Heme Bay & Whitstable (A company limited by guarantee) Notes to the financial Statements For the year endèd 31 March 2024 12. Staff costs (continued) The average number of persons employed by the Charity during the yearwas as follows.. 2024 No. 2023 Employees 65 65 The average headcount expressed as full-time equivalents was.. 2024 2023 Employees 52 49 No employee received remuneration amounting to more than £60,000 in either year. The total employment benefits, induding employer pension contributions and employer national insurance contributions. of the key managment personnel were £239,005 (2023.. 224,661) 13. Trustees. romuneratlon and expens8s During the year, no Trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 31 March 2024, expenses totalling £94 were reimbursed or paid dire¢lly to 1 Trustee (2023 - £NIL to Trustee). This was in relation to excess mileage. 14. Tangible flxed assets Fixturès and Motor fittings and vehicles equipment Freehold property Total Cost or valuation At 1 April 2023 Additions 3,681,763 71.425 31,930 (20.750) 156.796 5,663 (1.740} 3.909,984 37.593 122,490 Disposals At 31 March 2024 3.681,763 82,605 160.719 3,925.087 Depreciation At 1 April 2023 Charge for the year On disposals 459,380 63,475 37,681 20.565 (16,626 128,625 18,772 11,740) 625,686 102.812 118.366) At 31 March 2024 522.855 41,620 145,657 710,132 Page 28
Age UK Horne Bay & Whltstable (A company limited by guarantee) Notes to the financial staternents For the year ended 31 March 2024 14. Tangible fixed assets l¢ontlnued) Fixtures and Motor fittings and vehicles equipment Freehold property Total Net book value At 31 March 2024 3,158.908 40,985 15,062 3.214,955 At 31 March 2023 3,222,383 33,744 28,171 3.284,298 Included in land and buildings 1$ freehold land at valuation of £508,000 (2023.. £508,000> which is not depreciated. 15. Investment property Freehold investment property Valuation At 1 April 2023 350,000 At 31 March 2024 350,000 The 2024 valuation was made by the Trustees on an open market value for existing use basis. 16. Debtors 2024 2023 Due within one year Trade debtors Prepayments and accrued income 346,544 138.125 39.602 62.689 484,669 102,291 Page 29
Age UK Herne Bay & Whitstabl8 IA company limited by guarantee) Notes to the financial statements Forthe year ended 31 March 2024 17. Credltors: Amounts falling due within one year 2024 2023 Bank loans Trade creditors Personal Independence Programme Other taxation and social security Other creditors Accruals and defeed income 10,930 38,601 219,951 18.497 517,906 17,936 10,448 207,398 15,544 133,093 25,608 823,821 392,091 18. Creditors: Amounts falling due after more than one year 2024 2023 Other loans 571,515 581,858 The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is: 2024 2023 Payable or repayable by instalments 517,941 532,235 517,941 532,235 Page 30
Age UK Herne Bay & Whitstsblo (A company limited by guarantee) Notes to the financial statements For the year ended 31 March 2024 19. Statement of funds Statsment of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expenditure Unrestricted funds Designated funds Propety fvnd 2,867,960 {53,615) 2,814345 General funds General Fund 466.618 1.034,830 (1,125.429) 53,615 429,634 Totsl Unrestrictod funds 3,334.578 1,034.830 (1,125,4291 3,243.979 Endowment funds Permanent endownment funds 112,117 112,117 Page 31
Age UK H8rne Bay & Whitstable (A company limlted by guarante8) Notes to the financial statements For the year ended 31 March 2024 19. Statement of funds (contlnued) Restricted funds Personal Independence Programme Dementia Outreach Fund Singing Fund Walking Football HB Walking Football Tackling equality Digital Inclusion grant Cost of Living response fund Support at Home KCC Post Diagnostic KCC Dem Coordinator Infonnation Days Training for Carers Men in sheds COGS Fund Covid Fund Care Navigator National Lottery 140,799 2.930 (140,799) (1,425} 9,753 3.632 2.211 2,883 268 3,632 (3.632) 3.201 13,201) 14,890 2.214 318 (3,293 4,333 {263) (31.877) 136,838) (115.650) 166,514 (332,240) 12,080 (999) 13,275) (1.341) 6.196 10.000 139,471 35,192 29.938 110,614 66.514 332,240 9.511 (3.100) 134.435 2,080 10,845 187 9,846 3,587 2,100 7.256 2,253 3,575 398 3.100 3,043 7,256 4,245 29,915 78.000 (31.907) {78,000) 202.070 832.647 (846,501) 188,216 Total of funds 3.648,765 1.867,477 11,971,930) 3,544,312 Page 32
Ago UK Herne Bay & V¥hitstable (A company limited by guarantee) Notes to the financial statements For the year end8d 31 March 2024 19. Statement of funds (continued) Statement of funds . prlor year Balan at 31 March 2023 Balance at 1 April 2022 Transfers inlout Income Expenditure Unrestricted funds Designatsd funds Property fund 2,885,246 (17,286) 2,867,960 General funds General Fund 485.881 1,014,623 (1,051,362) 17,476 466,618 Total Unrestrictsd funds 3,371,127 1,014,623 (1,051,362) 190 3,334.578 Endomfftient funds Permanent endownment funds 112.117 112,117 Page 33
Age UK Herne Bay & Whitstable (A company limited by guarantee) Notes to the financial statements For the year 8nded 31 March 2024 19. Statement of funds Icontlnued) Restricted funds Dementia CafelPeer Support Personal Independence Programme Dementia Outreach Fund Singing Fund Walking Football HB Walking Football Tackling equality Digital Indusion grant Cost of Living response fund Support at Home KCC Post Diagnostic KCC Dem Coordinator Information Day5 Colyer Fergusson grant Training for Carers Men in sheds COGS Fund Covid Fund Care Navigator 190 (190) 101,735 2,472 223 3,024 2,210 1101,735) (496) (1,480) (3,632) (2,098) (1,312) (43.749) 7,777 4,889 2,819 2,771 1.580 4,066 9,753 3,632 2,211 2,883 268 6,196 10,000 139,471 45,879 10,000 110,614 63,745 192,765 125,506 (96,649) (63,745) (192,765) (1,075) (28,000) 3,155 2,080 28,000 10,845 1,585 3,158 7,256 2,021 10,845 187 3,043 7,256 4,245 2,156 470 (3,554) (585) 32,408 (30,184) 177,618 595,701 (571.059) (190) 202.070 Total of funds 3,660,862 1,610,324 (1,622,421) 3,648,765 Page 34
Age UK Herne Bay & Whitstable (A company limlted by guarantee) Notes to the financial statements For the year ended 31 March 2024 19. Statement of funds (continued) The designated Property Fund represents the value of land and buildings included in tangible fixed assets and fixed asset investments, less the outstsnding balance on the Charity Bank mortgage. The fund also excludes the £112,117 that 15 included as the charity's permanent endowment. The Dementia CafelPeer support restricted fund is to provide dementia Gafe and support to groups in the Canteury and Swale district. The Support at Home restricted fvnd is a collaboration with Thanet CCG, to provide short term support to older people, in order to prevent hospital admission or to support them after they have been discharged from hospital. Personal Independence Programme (formerly Living Well Fund) is fully fvnded by Canterbury Coastal and Ashford Clinical Commissioning Groups. The charity works alongside its partner Age UKIConcerns in Ashford, Canterbury, Faversham and Sandwich. The programme supports over 55 year olds with long term conditions to access social care within their community and supports them to regain confidence. The Infomiation Days fund provides InfOnation days for unpaid carers of people diagnosed with Dementia. Training for Carer5 fund provides for a series of Leaming Curve training. The remainder of the funds held by the Charity, are as per the descriptions in the statement of funds. 20. Summary offunds Summary of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expenditure Designated funds General funds Endowment funds Restricted funds 2,867,960 466,618 112,117 202,070 (53,615) 2,814,345 53,615 429,634 112,117 188,216 1,034,830 (1.125,429) 832,647 (846,5011 3,648,765 1,867,477 11,971,930) 3,544,312 Page 35
Age UK Herne Bay & Whitstsble (A company limited by guarantee Notès to the financial statements For the year ended 31 March 2024 20. Summary of funds (continued) Summary of funds - prfor year Balance at 31 March 2023 Balance at 1 April 2022 Transfers inlout Income Expenditure Designated fijnds General funds End0ent funds Restricted funds 2,885.246 485,881 112,117 177,618 (17.286) 17,476 2,867.960 466,618 112,117 202,070 1,014,623 (1,051,362) 595,701 (571,059) (190) 3,660.862 1.610,324 (1,622,421) 3,648.765 21. Anatysis of net assets between funds Analysls of net assets between funds - current period Endobwnent Restricted Unrestricted funds funds funds 2024 2024 2024 Total funds 2024 Tangible fixed assets Investment property Current assets Creditors due within one year Creditors due in more than one year Difference 112,117 70,442 3,032,396 350,000 1,259,244 (823,821) (571,515) (2.325) 3,214,955 350,000 1,374,693 (823.821) {571,515) 115,449 2,325 Total 112,117 188,216 3,243,979 3,544.312 Analysis of net assets between funds - prior period Endowment fijnds 2023 Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Investment propety Current assets Creditor5 due within one year Creditors due in more than one year 112,117 3.172,181 350.000 786,346 (392,091) {581,858) 3,284,298 350,000 988,416 (392,091) (581,858) 202.070 Total 112,117 202,070 3,334,578 3,648.765 Page 36
Age UK Heme Bay & Whitstsble (A company limited by guarantee) Notes to the financlal statements For the year ended 31 March 2024 22. Reconciliation of net movement in funds to net cash flowfrom operating activities 2024 2023 Net expenditure for the period las per Statement of Financial Activities) 1104,453) (12,097) Adjustments for: Depreciation charges Dividends, interest5 and rents from investments Profit on the sale of fixed assets Increase in debtors Increase in creditors 102,812 97,473 1157,506) (131,951) {3,301) (1,557) (382,378) (56,616) 431,248 140,932 Net cash provided byllused in) oporating activities (113,578) 36.184 23. Analysis of cash and cash 8quival8nts 2024 2023 Cash in hand 890,024 886,125 Total cash and cash equivalents 890,024 886,125 24. Analysis of changes in net debt At 1 April 2023 Cash flows At 31 March 2024 Cash at bank and in hand Debt due within 1 year Debt due after 1 year 886,125 (10,448) 1581,858) 3,899 (482) 10,343 890,024 (10,930 (571,515 293,819 13,760 307,579 Page 37
Age UK Heme Bay & Whltstable (A company limitsd by guaranteel Notos to the financial statements For the year 8ndod 31 March 2024 25. Penslon commitments The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fvnd. The pension Cost charge represents contributions payable by the Charity to the fund and amounted to £17,079 (2023: £14,135). Contributions totaling £Nil (2023: £Nil} were payable to the fund at the Balance sheet date and are induded in creditors. 26. Related party transactions P Goff, spouse of S Goff, a trustee, is employed by the charity. P Goff s employment continues in open competition and S Goff is not involved in decisions relating to performance review and terms of employment. P Goff is paid within the normal pay scale for the role and receives no special treatment as a result of his relationship to a trustee. A Cooke, daughter of G Cooke a member of Key Management Personnel, is employed by the charity. A Cooke's employment continues in open competition and G Cooke is not involved in decisions relating to perfomiance review and terms of employment. A Cooke is paid within the nomial pay scale for the role and receives no special treatment as a result of her relationship to the KMP. There were no trustee related party transactions. Page 38