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← Age Concern Wolverhampton

2025-03-31-accounts

AGE CONCERN WOLVERHAMPTON (Trading as Age UK Wolverhampton) (A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT &

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Company Registration Number 3088739 Charity Number 1051232

Accountants Et Voila

Isis House, Smith Road, Wednesbury, West Midlands WS10 0PB

AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2025

Contents

Age UK Wolverhampton Trustees and Advisers 2
Chief Officer’s and Chair’s Report 3
Statement of Mission and Objectives 5
Our Achievements in 2024-25 5
Planning for the Future 7
Financial Review 2024/5 7
Governance Structure 8
Thanks to Supporters 9
Financial Statements 10

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2025

Age UK Wolverhampton Trustees and Advisers

The Trustees who served during the year were: Jayne Emery Trustee. Chair from June 2024 Paramjit Toor Trustee Catherine Read Trustee Sam McIntosh Trustee. Vice Chair from October 2024 Caroline Webb Trustee from November 2024 Diane Vukmirovic Trustee and Chair, resigned June 2024 Anne Bailey Trustee and Vice-Chair, resigned October 2024 Sarita Sharma Trustee, resigned October 2024 Mark Guest Chief Officer & Company Secretary

Location and Registered Office Bankers Accountant The Workspace Lloyds Bank PLC Et Voila All Saints Road Queen Square Isis House Wolverhampton Wolverhampton Smith Road WV2 1EL Wolverhampton Wednesbury WV1 1TF West Midlands WS10 0PB

Age UK Wolverhampton is the trading name of Age Concern Wolverhampton (the Company).

The Company is a private company registered under the Companies Act 1985 (registration number 3088739) limited by guarantee and not having a share capital. The Company is governed by its Memorandum and Articles of Association. The liability of the members of the company on winding up is limited to a maximum of £1 each. The Company is also a registered charity (registration number 1051232).

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2025

Chief Officer’s and Chair’s Report

We end 2024-25 in a productive and stable position, with a bright future ahead and a lot to be optimistic about. We have now consolidated our widened range of services and embedded one of our main priorities, 'Keeping Active Older People Active'. At the same time, we continue to support the most vulnerable, primarily through our core and mainstay Information and Advice service. This service aims to be there for older people who have nowhere else to go, and we have strengthened the service during the year.

It now feels like we are always busy (in a good way) and productive, delivering current services, developing new ones and building partnerships for future opportunities. There's our Information and Advice service providing crucial support to numerous older people. This is now supported by a pool of volunteers who regularly come into the office to answer the phones. Our Craft Group come in once a week, and as well as supporting dementia sufferers with Comfort Dolls, also organise and undertake fundraising for us. Telephone Support volunteers continue to make calls to the most vulnerable.

Most of what we do is now out in the community, using community assets as planned, and enabling us to reach far more people than a single base. This includes Daytime Discos, Meet and Greet sessions, Friendship Groups, Tai Chi, and coach trips, along with Handyperson and Home Help services delivered in people's homes. Our newsletters (electronic and hard copy) and social media are well-established and expanding our reach. And we continue to look for more opportunities and ways to help and improve the lives of older people!

We were delighted this year to achieve recognition for our work and charity through being selected as a Mayoral charity by Wolverhampton Mayor, Cllr Linda Leach. The publicity and opportunity to network at prestigious events has been invaluable, and we are deeply grateful to Linda for her support. This coincided perfectly with our work to increase our profile and strategic presence as one of Wolverhampton's key voluntary sector organisations. This has included building relationships and networks with other similar organisations to support future collaborative working and to enable our sector to have the greatest impact that it can for local people.

This year has felt like we have reached a sustainable base, and we are excited about the future. There have been many high points and successes. In particular our Daytime Discos are now well-established; seeing over one hundred older people enjoying themselves at our Christmas disco was something to behold! The impact on wellbeing cannot be underestimated as, for some attendees, they may well have not had any similar social contact during this period, when isolation can feel most harsh.

Our strategic direction continues to focus on supporting active older people to remain active and purposeful. This can delay the sudden decline older people face into needing support and care, and this delay can improve quality of life and alleviate the demand put on associated support services. This decline often comes as a result of the loss of social activity, which impacts on physical and mental health, along with increasing evidence of heightening dementia risk. We believe our approach is ahead of the curve and we are among the first to be delivering 'dementia prevention'. We hope to build on this and gain recognition in order to improve and share what we are doing.

We are supported by a wide range of funders. We are continuing to develop our business model as we look to build our own independent income streams, but we have remained dependent on

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2025

the generosity of funders to enable us to continue to operate and deliver services. We are extremely grateful for their ongoing support.

As a local Age UK partner, we are an independent charity, but have a relationship with the national organisation through a partnership agreement. This has been under review for several years, and in December we were able to finally sign the new agreement. Age UK Wolverhampton had played an active and strong role in its development, and we believe the final agreement is in the best interests of our charity. There are already indications of positive improvements in the relationship and support from Age UK national, and we hope that things continue in this direction.

As the year closed, we could already see a very bright future ahead. We have been able to plan around continuing the services that we have embedded, whilst focussing management efforts on building our income generating services. After the initial phase, we have ambitions to explore retail opportunities.

Finally, it gives us immense pleasure to thank all of our partners, funders, volunteers, staff and Board, and we look forward to continuing to work with them.

Jayne Emery Mark Guest Chair CEO

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2025

Statement of Mission and Objectives

Our aims are to:

To achieve these aims, we have the following objectives:

Public Benefit

The Trustees are satisfied that in working to achieve these Aims and Objectives Age UK Wolverhampton is demonstrating the public benefit of our work, as defined under the terms of the Charities Act 2011. It further demonstrates this by being a member of the West Midlands (Regional) Age UK’s network in sharing best practice information and learning which in turn helps improve our services.

Our Achievements in 2024-25

Services Overview

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2025

Information & Advice

Under 50 3% 56-65 13% 66-75 24% 76-85 25% 86-95 12% 95+ 1% Unknown 22%

● Benefits we identify are: Pension credit Council tax support Attendance allowance Housing benefit Universal credit Carers allowance

● There were 139 Attendance Allowance applications queries. 37 clients already had AA and 102 clients where supported with a combination of information and completing applications.

● The main area of enquiry is regarding welfare benefits and other money, which account for 50% of contacts.

Benefits

Volunteer Support

● This year volunteers completed over 5100 hours of support over a range of services and activities including Friendship Groups (1325 hours), Information & Advice and office support (600 hours) and Telephone Support (3150 hours)

● The majority of volunteers’ time supported “addressing loneliness” in our clubs and befriending roles.

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2025

Planning for the Future

General

Age UK Wolverhampton has established a strong foundation of a varied portfolio of services delivered by excellent staff, and the exciting challenge now is to build on and expand this. We have a balanced budget for next year with significant funding secured and reserves invested in business development. We are also confident that further funding could be secured during the year so that reserves do not need to be called upon. Therefore we have the space to continue the growth of income generation, moving us towards potential financial independence in the future.

Our dynamism makes us better placed to take advantage of funding opportunities, and we are optimistic that these will more than cover any future shortfalls, as well as allowing us to actively seek and work in partnership with others for the benefit of Wolverhampton’s older people. Notwithstanding this, we also have ample reserves to give us certainty for the next few years.

We have now consolidated our services, and are delivering on our main aim of keeping active older people active. These include our Daytime Discos, physical activities and friendship groups. We recognise volunteering is an activity that can give people real purpose as well as supporting those who are more vulnerable, and we see older volunteers as a valuable resource and key to our development plans. Our volunteer-led telephone helpline is now established and we aim to grow it to support a range of service delivery.

Alongside maintaining our core services, we will be developing our Home Help service and Home Services. These will provide trusted and essential services to older people, employment for active older people and can become a core part of our future sustainability. Once these are established, we aim to explore developing charity retail.

We will continue to raise interest and look for opportunities for our exciting and ambitious proposal for a major capital project, the House of Elders. This will provide a large building and gardens to support our vision of supporting active older people to remain active. There has been a lot of excitement from potential partners when we have shared this idea with them, including offers of resources. There is no set timeline for this project, as we continue to position it ready for the right opportunity to come along.

We will continue to expand our networks, building the reputation of Age UK Wolverhampton as a partner that is open for business, and rebuilding our reputation in the City as a key voluntary sector organisation. We will build on the work we have already undertaken in playing an active role as part of Wolverhampton’s community and voluntary sector.

Consideration of the charity as a going concern

The Charity has a stable operating model and services. Funding is largely secured with realistic expectations of meeting any shortfall. Notwithstanding this, there are ample reserves for several years of operation based on current projections. Independent income continues to grow. The reserves policy is more than adequately met.

Risk Management Policy

All the major risks to which the Charity is exposed have been identified by the Trustees and actions agreed at Board Meetings to mitigate those risks. We are in the position of having significant reserves enabling us to mitigate against most risks. We have a ring-fenced reserve sum to enable orderly closedown should the situation arise.

Financial Review 2024/5

The overall (summary) position at the year-end showed income of £340 992 and expenditure of £306 065 giving a net surplus of £34 927.

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2025

The gross level of reserves at the year-end was £511 399. £300 000 has been designated towards a long term capital project. Much of this designation comprises legacies and donations. The aim is to replace the previous asset and operating base, Hupton House, which was liquidated a few years ago to address financial circumstances. This leaves £211 399 undesignated reserves, which represents c7 months operating budget.

The reserves policy is £100 000, which meets the Charity Commission requirement of having at least three months routine running costs in reserve. However, this is a minimum, and as it is recognised that fundraising is particularly difficult at this current time, the ambition is to aim for a higher level, which is being achieved.

Governance Structure

Governing Document

Age Concern Wolverhampton, trading as Age UK Wolverhampton, is a charitable company limited by guarantee. We became incorporated on 8th August 1995 after beginning life as the National Old People's Welfare Committee (O.P.W.C.) in 1952.

The company was established under a Memorandum of Association that established the objects and powers of the charitable company, and is governed by its Articles of Association. In the event of the company being “wound up” members are each required to contribute an amount not exceeding £1.

We will undertake a review of the governing documents based on the NCVA Code of Good Governance and model articles produced by Age UK national.

Recruitment and Appointment of Trustees

Although Age UK Wolverhampton is a small to medium sized organisation, it is a complex one which operates in a challenging environment. Age UK Wolverhampton is involved in a very diverse range of activities and therefore the Trustee body aims to achieve a broad range, as well as a high level, of skills, in carrying out its governance role.

Under the requirements of the Articles of Association the members of the Board are elected to serve for a period of up to three years after which they must stand down at the next Annual General Meeting, but are eligible for re-election.

Strategic Direction

The strategic direction of Age UK Wolverhampton is set by the Board. In making decisions about activities to be undertaken to achieve our Aims and Objectives the Trustees have had due regard to the Charity Commission’s guidance on public benefit.

Organisation Structure

The Board is responsible for the strategic direction and policy of the Charity. Age UK Wolverhampton has a Board of Trustees consisting of 8 members. The Chief Officer has delegated responsibility from the Board for the provision and management of services and the day-to-day operation of Age UK Wolverhampton. The Chief Officer is supervised by the Board Chair.

The average number of staff employed by Age UK Wolverhampton in 2023-24 was 7 (all of whom were part time). Over the year we had the equivalent of 5 full time staff involved in the delivery of the services and programmes of Age UK Wolverhampton.

Small Company Provision

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2025

Thanks to Supporters

Grateful thanks to all those who supported us this year (donations & funding) :

Age UK (National) Inclusive Communities (WMCA) Black Country Healthcare NHS FT Know Your Neighbourhood (DCMS) Connecting Together, Sky UK Shared Prosperity Fund (W'ton City Council) Eon Hospital Discharge Support (NHS)

Heart of England Community Foundation

Thank you too, to all of those who gave anonymous donations and to the numerous individuals who donated to our organisation and to those who very kindly left us legacies (we have not named individuals above unless requested, to protect anonymity)

9

Financial Statements

AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON Independent Examiners Report

For the Year Ended 31st March 2025

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025 which is set out on pages 11 to 19.

Responsibilities and basis of report

As the charity trustees of the company (who are treated as directors for the purposes of the company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ( 'The 2006 Act' )

Having satisfied myself that the accounts of the company are not required under Part 16 of the 2006 Act and are eligible for independent examination , I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145 (5)

Independent Examiner's Statement

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I can confirm that I am qualified to undertake the examination because I am a member of The Institute Of Chartered Management Accountants

I have completed my examination . I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect :

(1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act, or

(2) the accounts do not accord with those records; or

(3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view ' which is not a matter considered as part of an independent examination ;or

(4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ( FRS102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed

Date 15/04/2025

Sally Jane Wainwright ACMA Isis House, Smith Road, Wednesbury, West Midlands, WS10 0PB

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO: 03088739 CHARITY NO: 1051232

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR YEAR ENDED 31 MARCH 2025 FOR YEAR ENDED 31 MARCH 2025 FOR YEAR ENDED 31 MARCH 2025
Note Total Total
Unrestricted Restricted Funds Unrestricted Restricted Funds
Funds Funds 2025 Funds Funds 2024
£ £ £ £ £ £
Incoming resources
Income from Charitable Services 2 45,930 210,584 256,514 18,149 294,432 312,581
Legacies and Donations 77,917 77,917 67,443 67,443
Activities for generating funds
Operations
Investment income 4 6,561 - 6,561 10,516 - 10,516
-
Incoming resources from
Total Income and endowments 130,408 210,584 340,992 96,108 294,432 390,540
Expenditure
Cost of generating funds
Fund raising costs 5 2,475 2,475 2,475 2,475
Sub total cost of generating 2,475 0 2,475 2,475 0 2,475
Charitable activities
Cost of charitable activities 5 29,288 273,555 302,843 21,530 255,232 276,762
Governance costs 5 747 747 747 747
Exceptional Item 5 0 0
Total Expenditure 32,510 273,555 306,065 24,752 255,232 279,984
Net income / (expenditure) 97,898 (62,971) 34,927 71,356 39,200 110,556
Reconcilliation of Funds
Fund balances at 1 April 2024 412,472 64,000 476,472 341,116 24,800 365,916
Transfer between funds
Fund Balances at 31 March
2025		 510,370 1,029 511,399 412,472 64,000 476,472

.

These financial statements have been prepared in accordance with the financial reporting standards for smaller entities The Company is exempt from audit under CA 2006, s.477 (small companies) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with CA 2006, s 476 and The directors acknowledge their responsibilities for complying with the requirements of CA 2006 with respect to accounting records and preparation of the accounts. S. 472(2)-(3)

These financial statements were approved by the members of the board of trustees on 15 April 2025 and are signed on their behalf by:

Jayne Emery

Chair

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO: 03088739 CHARITY NO: 1051232

BALANCE SHEET (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

Consolidated and Charity Balance Sheets

Year Ended 31st March 2025

Charity
Note 2025 2024
£ £
Fixed assets
Tangibleassets 9 10,915 14,553
10,915 14,553
Current assets
Debtors 10 759 7,125
Cash at bank and in hand 504,688 460,586
505,447 467,711
Creditors – amounts falling due within one year 11 (4,963) (5,792)
Net current assets 500,484 461,919
Total assets less current liabilities 511,399 476,472
Unrestricted funds
General 12 510,370 412,472
Restricted funds 13 1,029 64,000
511,399 476,472

These financial statements have been prepared in accordance with the financial reporting standards for smaller entities

The Company is exempt from audit under CA 2006, s.477 (small companies)

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with CA 2006, s 476 and

The directors acknowledge their responsibilities for complying with the requirements of CA 2006 with respect to accounting records and preparation of the accounts. S. 472(2)-(3)

These financial statements were approved by the members of the board of trustees on 15th April 2025 and are signed on their behalf by:

Jayne Emery Chair[OK]

12

1. Accounting policies

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2019) - (Charities SORP (FRS 102)).

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.

Age UK Wolverhampton is a brand partner of Age UK the national charity and as a result will have access to funding streams from the national organisation. The trustees anticipate that there will be sufficient unrestricted reserves for the charity to continue as a going concern and therefore the financial statements are prepared on a going concern basis under the historical cost convention, modified to include the revaluation of investments. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The accounts have been prepared on the historic cost basis.

Going concern

In early March 2020, the COVID-19 virus was declared a global pandemic. Business continuity, including supply chains and consumer demand across a number of industries and countries, could be severely impacted for months or more, as governments and their citizens take significant and unprecedented measures to mitigate the consequences of the pandemic.

The trustees are monitoring the ever changing situation and continue to evaluate the charity’s ability to continue to trade on an ongoing and foreseeable basis. However, due to the uncertainty surrounding COVID-19 no adjustments have been made to these financial statements which may arise from the impact of COVID19 on the charity. Despite the unknown impact COVID-19 may or may not have on the charity under normal circumstances the trustees would have had a reasonable expectation that the charity has adequate resources, thus the trustees would have adopted the going concern basis of accounting.

As with most charities, the trustees are mindful of the uncertain timing of incoming resources such as legacy income being of an unpredictable nature. At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees

continue to adopt the going concern basis of accounting in preparing the financial statements.

Funds

Funds held by the charity are either:

◻ Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

◻ Designated funds - these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.

◻ Restricted funds - these are funds that 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.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income has been met, it is probable that income will be received and the amount can be measured reliably. Such income is only deferred when: ◻ The donor specifies that the grant or donation must be used in future accounting periods, or

◻ The donor has imposed conditions which must be met before the charity has unconditional entitlement.

Income from commercial trading activities is recognised as earned (as the related goods and services are provided).

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Interest receivable

Interest is included when receivable by the charity.

Expenditure and irrecoverable VAT

Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.

Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities.

Allocation of support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. Support costs include back office costs, personnel and payroll.

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Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the income and expenditure account.

Redundancy costs

Following the accrual accounting methodology, liabilities for redundancy and termination payments are recognised when the obligation to make the payment arises and not when the payments are made.

Governance costs

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory accounts and legal fees.

Operating leases

Rentals payable under operating leases are charged in the Statement of Financial Activities as incurred.

Tangible fixed assets Tangible fixed assets are capitalised at cost and depreciated so as to write them off over their anticipated useful lives at the following annual rates, commencing in the year of acquisition:

Fixtures and fittings 25% reducing balance
Motor vehicles 25% straight line
Computer and office equipment 25% straight line

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash at bank and in hand

Cash at bank and cash 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

Provisions

Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be reliably estimated. Tax

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

Legal status

Age UK Wolverhampton is the trading name of Age Concern Wolverhampton (the Company).

Age UK Wolverhampton is a company limited by guarantee governed by its Memorandum and Articles of Association dated 8 August 1995. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a member of the Company and there are currently 11 members (11 in 2024), each of whom agrees to contribute £1 in the event of the charity winding up.

Judgements and key sources of estimation uncertainty

In the application of the charitable accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO: 03088739 CHARITY NO: 1051232

AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO: 03088739 CHARITY NO: 1051232

NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2025

2 Income from charitable services

Grants and service level agreement receivable Unrestricted Restricted Total **Unrestricted ** Restricted Total
Funds Funds Funds Funds
2025 2024
£ £ £ £ £ £
Private Sector Grants/ Age UK 1,076 187,676 188,752 217,271 217,271
Other Public Sector Service Contracts 22,908 22,908 77,161 77,161
Other Charitable Activities 20,807 20,807 0
Word of Mouth Traders 4,415 4,415 4,410 4,410
Help at Home 6,860 6,860 0
Handyman 12,772 12,772 13,739 13,739
45,930 210,584 256,514 18,149 294,432 312,581

3 Operations

Operations revenue consists of contributions towards operating costs from users of premises and services

4 Investment Income
Interest on fixed and notice bank accounts		 Unrestricted
£
Restricted
£
Total
2025
£
Unrestricted
£
Restricted
£
Total
2024
£
6,561
6,561
10,516
.
10,516
6,561
0
6,561
10,516
0
10,516

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5 Analysis of expenditure on charitable activities

Ths Charity undertakes direct charitable activities only and does not make grant payments.

Direct Charitable expenditure
Commercial trading operations
Cost of generating funds
Governance
Exceptional Items
Total resources expended		 Staff costs
Unrestricted
£
Restricted
£
Other Costs
Unrestricted
£
Restricted
£
2025
Total
£
4,248
237,413
24,487
2,475
266,148
2,475
747
747
-
4,248
237,413
27,709
-
269,370
Direct Charitable expenditure
Commercial trading operations
Cost of generating funds
Governance
Exceptional Items
Total resources expended		 Staff costs
Unrestricted
Restricted
£
£
Other Costs
Unrestricted
£
Restricted
£
2024
Total
£
238,097
2,547
2,475
4,440
245,084
2,475
747
747
-
15,101
238,097
5,769
4,440
263,407

Exceptional items were :

16

6 Other costs

Premises costs :
Accommodation(Rent/Utilities/Cleaning)		 2025
Unrestricted
£
553		 2025
Restricted
£
13,951		 2025
Total
£
14,504		 2024
2024
Unrestricted
Restricted
£
£
1,872
15,921		 2024
Total
£
17,793
Communications costs :
Telephone & internet
Printing, postage & stationery		 . 2,407
5,642		 2,407
5,642		 .
4,488
2,346		 4,488
2,346
- 8,049 8,049 -
6,834		 6,834
General office costs :
Staff & volunteers travel
Staff & volunteers expenses (driver apparel & uniforms)
Professional fees & subscriptions
Insurance
Repairs, maintenance & support contracts
Publications, advertising & recruitment
Training costs
General office & miscellaneous expenses
Vehicle costs
Equipment
Depreciation
Bad Debts		 1,081
470
4,408
2,795
134
516
581
519
3,638		 1,081
470
4,408
2,795
134
516
-
581
519
-
3,638		 225
1,308
101
804
1,320
477
500
5
609
1,202
500		 1,533
905
1,320
977
-
-
-
614
1,702
-
-
- 14,142 14,142 2,010
5,041		 7,051
Total costs
553		 36,142 36,695 3,882
27,796		 31,678
Charitable Activities
-
2,669
FundraisingCosts
2,475
Governance
747		 36,142 33,473
2,475
747		 660
27,796
2,475
747		 28,456
2,475
747
553 36,142 36,695 3,882
27,796		 31,678

17

7 Analysis of staff costs

Salaries & wages
Social security costs
Pension Costs - Stakeholder Pension
Redundancy
No employees had benefits in excess of £60,000 in either year
.
The average number of staff employed by the group
during the financial year amounted to :
No trustees received any remuneration		 2025
Total
£
2024
Total
£
210,167
208,764
11,835
9,810
15,189
14,764
4,470
241,661
233,338
10
10
8 Movement in total funds for the year
Operating surplus/deficit is stated after charging :
Staff Pension Contributions
Depreciation
Accountancy Fees		 2025
£
15,189
3,638
747
19,574		 2024
£
14,764
4,750
747
15,511

18

9 Tangible fixed assets

Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for year
Disposals
At 31 March 2025
.
As at 31 March 2024
.
At 31 March 2025		 Motor
Vehicles
& equipment
£
86,031
86,031
71,478
3,638
75,116
14,553
10,915		 Total
£
86,031
86,031
71,478
3,638
75,116
14,553
10,915

Age UK Wolves 2024-25 year end consolidated accounts final

19

10 Debtors

Debtors
Trade debtors
Prepayments		 Charity
Charity
2025
2024
£
£
445
6,811
314
314
759
7,125

11 Creditors - amounts falling due within one year

Trade creditors
Other creditors
Taxation & Social Security
Accruals & deferred income (*)		 Charity
2025
£
2024
£
410
406
1,300
1,741
3,442
3,253
203
4,963
5,792

Age UK Wolves 2024-25 year end consolidated accounts final

20

AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO: 03088739 CHARITY NO: 1051232

NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2025

12 Reserves

Fund movements:-
General fund :
Balance 01 April 2024:
Movement in fund for the year
Balance at 31 March 2025:		 2025
£
476,472
34,927
511,399		 2024
£
365,916
110,556
476,472

13 Restricted Funds

Age UK Initiatives
Citizens Advice
Fitbits
Inclusive Communities
Reduce Isolation
Know your neighbourhood
Sky Payment LGBTQ+
Wolverhampton CC (SPF)
Woverhampton social discharge
Safer Streets
Joining Forces
Wider Determinants of Health
Active black country together		 Balance b/f
Movement in Resources
Balance
Movement in Resources
Balance
01.04.2023
£
Incoming
£
Outgoing
£
Transfers
£
31.03.2024
£
Incoming
£
Outgoing
£
Transfers
£
31.03.2025
£
15,000
78,262
-85,210
8,052
40,977
-49,000
29
4,000
16,000
-18,000
2,000
-2,000
0
14
-14
0
0
0
14,566
-14,566
0
10,000
-9,000
1,000
1,000
51,410
-49,490
1,920
70,160
-72,080
0
0
2,500
-2,500
0
83,345
-78,122
5,223
22,908
-28,131
0
0
10,000
-10,000
0
0
0
875
-875
0
0
49,526
-4,501
45,025
49,473
-94,498
0
5,800
5,000
-10,020
780
-780
0
24,800
294,432
-255,232
0
64,000
210,584
-273,555
0
1,029

AGE UK Initiatives - (See also 'Joining Forces' below)

*Joining Forces - Supporting Veterans, is a partnership project between Age UK, SAFFA and the MoD funded by the Aged Veterans project which is funded by the Chancellor using LIBOR funds. AUKW is one of 12 partners nationally delivering a Joining Forces Programme. Our service provides support to older veterans (born before 1950) and their families and carers. It commenced in May 2017

21

AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON

COMPANY NO: 03088739 CHARITY NO: 1051232

NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2025

14 Pensions

The company operates one defined contribution pension schemes. The assets of the scheme are held separately from those of the company in independantly administered funds. The pension charge represents contributions payable by the company to the funds within the year. At the year end £1,300 (2024 £1,741) were owing to the pension companies. The pension charge of £15,190 (£14,764 2024) was made in respect of contributions made by the company to funds within the year.

15 Financial commitments

As at 31 March 2025 the charity has annual commitments under non-cancellable leases as follows

Within 1 year
1 - 2 years
2 - 5 years		 Land and Buildings
2025
2024
£
£
0
0
0
0
0
0
0
0		 Office Equipment
2025
2024
£
£
0
0
0
0
0
0
0
0

16 Analysis of Charity net assets between funds

Tangible
Cash at bank
Other net		 Unrestricted
Funds
£
Restricted
Fund
£
2025
Total
£
10,915
10,915
476,279
28,409
504,688
(4,204)
(4,204)
482,990
28,409
511,399		 Unrestricted
Funds
£
Restricted
Fund
£
2024
Total
£
14,553
14,553
396,586
64,000
460,586
1,333
1,333
412,472
64,000
476,472

17 Taxation

The company is a registered charity and no provison is considered necessary for taxation

18 Related Party Transactions

There were no transactions with related parties during the year and no balances outstanding with any related parties

19 Events after the balance sheet date

The trustees are monitoring the ever changing situation. The trustees are confident they have enough funds going forward

22