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← Age UK Portsmouth

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 03281047 (England and Wales) REGISTERED CHARITY NUMBER: 1059945

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

AGE UK PORTSMOUTH

AGE UK PORTSMOUTH

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Report of the Trustees 1 to 11
Report of the Independent Auditors 12 to 15
Statement of Financial Activities 16
Balance Sheet 17
Cash Flow Statement 18
Notes to the Cash Flow Statement 19
Notes to the Financial Statements 20 to 29

AGE UK PORTSMOUTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Within this Annual Report we will provide an account of our finances, the changes we have experienced and how our support to those in need of our assistance developed over the period April 2024 to the end of March 2025.

The charity’s financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014.

CHANGES

The Age UK Brand Partner Agreement was reviewed and replaced in December 2024 with the AUK Network agreement.

Mission

To help adults in Portsmouth and Southeast Hampshire enjoy a better quality of life, with a specific focus on all aspects of getting older.

Age UK Portsmouth is the leading provider of age-related support services to adults across Portsmouth and Southeast Hampshire.

Values

Our values shape the work we do, both as a member of the Age UK Network and as a local independent charitable organisation.

Our five values have the following meanings:
Accessible: We assist adults and older people to live independently and exercise choice.
Respectful: We draw strength from the voices of adults and older people and ensure those
voices are heard.
Innovative: We are dynamic and driven by results and constantly deliver for adults and older
people.
Compassionate: We are passionate about what we do and care about each individual.
Trusted: We are experts, authoritative and quality orientated.
Guiding Principles: These five principles underpin all the work that we do;

Ageism is unacceptable - Age UK Portsmouth is against all forms of age discrimination and challenges unfair treatment based on age.

All people have the right to make decisions about their lives - Age UK Portsmouth helps adults and older people to discover and exercise their rights.

People less able to help themselves should be offered support - Age UK Portsmouth seeks to support adults and older people to live their lives with dignity.

Diversity is valued in all we do - Age UK Portsmouth recognises the diversity of adults and older people and their different needs, choices, cultures and values.

It is only through working together that Age UK Portsmouth can use its local, countywide, regional and national presence to the greatest effect.

Page 1

AGE UK PORTSMOUTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Achievements and Performance

Staff continued to experience an increase in direct public contact with the charity, receiving help and support at the right time can and does save lives.

Finance

Tight fiscal management remains the organisation standard. Throughout the year, Age UK Portsmouth continued to manage improvement of our financial systems and processes to ensure the best cost and value for the charity. We continue to see growth in the uptake of clients paying by Direct Debit which also reduces time in processing payments and banking in the department. We will continue to seek savings in both cost and efficiency in the coming year.

The Finance Teams goal is to ensure financially sustainable services and operations where core costs are covered, and the charity maintains a surplus position.

Help Around the Home

Age UK Portsmouth’s Help Around the Home (HATH) service delivered 22,200 hours of support to the people of Portsmouth and southeast Hampshire throughout 2024-2025.

HATH is a successful in-house service that can be purchased by the hour and receives upwards of 40 referrals per month from numerous sources across the area, three quarter of referrals being made by clients themselves, family or friends and housing services. The remaining quarter of referrals are coming from voluntary, health and social care sectors.

Having successfully won £10,000 to deliver support during 2023-2024 as part of The Wellbeing Collective though a HIVE programme called “Wrap Around Portsmouth”, the HATH team ensured ‘at home’ support for those at risk of being admitted to hospital. The service has proven successful and additional funding of £ 5,000 was awarded for 2024 – 2025 enabling the team to support an additional 40 vulnerable people. Due to the success, additional funding of £10K has been received for 2025 – 2026.

Client feedback about their experience of our Help Around the Home service:

Page 2

AGE UK PORTSMOUTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

My mum and I appreciate everything you, your team and our lovely Help Around the Home person, Jo, does for us to enable my Mum to stay at home.

Thank you so much for your visit to my dad on Wednesday. He thought you were a lovely lady and appreciated your time and patience as I did.

"She is brilliant, helpful, does a good job and is fantastic"

Jeanette thank you so much for your time, I truly appreciate you and everyone there, you are really my hero.

Hi, Vicky, I just want to thank you all for all your support and your help and everything, and I really appreciate that. Thanks a lot.

Social Activities

We hold many activities in the Bradbury Centre, from coffee & company, enjoy meeting new people in safe surroundings have a cup of tea or coffee & a slice of cake and enjoy a chat.

To Cast On & Carry On, bring your knitting or crochet and join our group, you can even take part in the Big Knit project.

Page 3

AGE UK PORTSMOUTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

We hold IT Classes for beginners, these are some of the things we can support in our sessions.

Veterans Breakfast Clubs, VE Celebrations We hold regular Veterans events including twice monthly Breakfast clubs What Phillip one of our Veterans said “

I couldn’t ask for anything more for my wellbeing. If I have a problem or need advice, I just ask Kandy or Lisa and I am helped. I feel confident in asking anything knowing that I am listened too and well supported. My health allows me to come to the centre and attend events and the Breakfast Club to meet up with friends that I have made since joining and know that I am in a happy place.

Volunteering

Age UK Portsmouth simply could not deliver all our services without the wonderful contribution of our volunteers and their skills, knowledge, time, and commitment. The charity is incredibly grateful to those members of the public who continue to support our efforts by helping with and being on call to support a variety of activities. These range across office administration, waiting on tables in our Café, washing pots in the kitchen, and once trained, as well as being support-friends to visitors within our Bradbury Centre.

What it means to be a volunteer

Page 4

AGE UK PORTSMOUTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Roger says: “In this community a lot of people need support one way or another and are lonely, Age UK Portsmouth help in any way they can by helping with befriending and social activities. Volunteering gives me great satisfaction of making a difference and enhancing in the lives of others. Knowing that I am making a difference and enhancing their life by just visiting and having a one-to-one face to face visit has a positive impact on that person and creates a sense of fulfilment”

Thank you so much for being so generous with your time and knowledge – the charity and people of Portsmouth cherish you.

Café

We have recently launched a Movie Monday in the Café, enjoy a film a burger and company, in the relaxing surroundings of the Bradbury Centre.

The Café and Kitchen produced over 22,000 meals during 2024-2025, and we are holding regular events to get the community together to enjoy a hearty meal and make new friends.

Veterans Information Point

In the final year of Veterans Information Point, Age UK Portsmouth’s Veterans Information Point provided free information and advice for Forces’ veterans, their spouses and active service personnel in Southeast Hampshire – particularly to Royal Navy, Royal Marine veterans and ex-Merchant Seamen.

Funded by the Royal Navy & Royal Marines Charity, the service offered free, independent, and confidential information, advice and support.

During this last year, the Veterans Information Point team supported 377 Service Users across the Armed Forces and their families/ spouses. The service helped to obtain over £100,000 in benefits and entitlements.

A holistic approach is taken when assisting the Service Users who enjoy the service and those involved are encouraged to look at all aspects of their life. Once a veteran has accessed the Veterans Information Point project, they and their spouses or families are encouraged to participate in Age UK Portsmouth’s social provision including specific support services, such as our Veterans Breakfasts.

Page 5

AGE UK PORTSMOUTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Close Encounters

Age UK Portsmouth’s Close Encounters service supports improved quality of life for lonely and isolated adults and older people in Portsmouth, Gosport, and surrounding areas. Funded by the National Lottery’s Community Fund, Age UK Portsmouth works in partnership with Community First to reduce loneliness and social isolation.

With many other social projects across the city having remained closed since Covid, Close Encounters continues to be met with public and Public Sector delight. Experiencing ongoing demand throughout this year, Close Encounters is currently the only service in Portsmouth offering individual and group social and isolation support.

Key activities during the 2024-2025 period included:

Page 6

AGE UK PORTSMOUTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Financial Review

Age UK Portsmouth is an independent charity, separate and independent of Age UK. However, both parties have a Network Partner relationship which remains under review. The continued relationship with Age UK ensures the many people who benefit from our local services will continue to be able to do so

Age UK Portsmouth needs to attract donations and legacies to continue to undertake local projects which are so greatly needed within our community.

Page 7

AGE UK PORTSMOUTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The Charity strives to offer the highest standard of service to those in need of help and assistance. We are a lifeline to many of our service users. We help to support them in their homes; we offer them a friendly face, a helping hand, companionship with others and for most an end to isolation.

For many of our service users, the contact time with Age UK Portsmouth staff and volunteers is the only time they socialise or possibly get outdoors, and it is often the only contact and opportunity they have for mixing with other people in their local community.

Reserves policy

The Board have identified that a minimum four to six-month period of operating costs equating to not less than £175,000 would be a reasonable level of free reserves to be able to deal with events that were not anticipated and that would have a negative impact on the organisation’s income streams. We therefore are operating within our reserves policy.

Reserves should be built up from unrestricted (earned) income and ideally sit between 4-6 months operating costs.

Investment powers

Under the Memorandum and Articles, the charity has the power to invest in any way the Trustees wish.

In view of existing financial commitments, the charity is currently holding all funds within current and savings Bank Accounts.

Principal Funding Sources

Age UK Portsmouth's funding sources have evolved over time and the organisation continues to develop a balance between funded programme provision and self-generated income through the support services offered to those who need help in and around their homes.

Despite a difficult world-wide economic situation, the Executive continued to bid for and attract important income from the following Funders to whom Age UK Portsmouth are extremely grateful. Without the generosity of these Funders, Age UK Portsmouth would not have been able to deliver so many public benefits. A huge vote of thanks goes to Funding organisations such as:

As a result, Age UK Portsmouth has proven its resilience and continues to build on becoming truly self-reliant.

Plans for Future

Age UK Portsmouth continuously endeavours to understand how best to reshape itself so that its services can be sustained. The current Brand Partnership Agreement with Age UK, was renewed in December 2024 All internal processes, costs and client services are continuously reviewed to ensure that they remain and build on their current positive impact both to recipients who need their help, and to the organisation's sustainability.

Age UK Portsmouth has always maintained close relationships with neighbouring, regional, and nationwidebased Age UK organisations.

Page 8

AGE UK PORTSMOUTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Engagement in county and nation-wide fora, panels and action groups are vital to growth and full understanding of population need. Working with Councillors and MPs continues to enable a clear understanding amongst politicians about the organisation’s strengths and long- term core values.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Responsibilities of the Trustees

The Trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities.

The income and property of the charity is applied solely towards the promotion of the objects of the charity as set forth in the Memorandum of Association. No portion of the income and property can be paid or transferred directly or indirectly, by way of dividend, bonus or otherwise howsoever by way of profit, to the members of the charity. No member of the Executive Committee or Governing body can be appointed to any office of the charity paid by salary or fees or receive any remuneration or other benefit in money or money’s worth from the charity.

Governing document

Age UK Portsmouth (charity number 1059945 and company number 03281047) is a company limited by guarantee and a registered charity governed by its memorandum and articles of association.

Recruitment and appointment of Trustees

A robust system for the recruitment of Trustees is in place and adherence to our Equal Opportunities policy is strict. The Trustee job description and person specification is reviewed on a regular basis to ensure it is appropriate to organisational needs. Candidates are invited for interview with the Board, a Disclosure and Barring Service (DBS) check and satisfactory references are obtained before any appointments are made.

Trustee induction and training

Trustees are given background information about the organisation and an induction programme. They are encouraged to spend as much time as they can at The Bradbury Centre to become familiar with the services we offer and the role we play in the local community.

Risk management

Trustees have in place a system by which they monitor potential risks to which the organisation may be exposed. Risk assessments are reviewed and updated on a regular basis.

Organisational structure

The board ideally should not be less than five members at any one time. The board is currently looking for new members. The board meets on alternate months.

A Chief Executive Officer (Dianne Sherlock) was appointed by the Trustees in October 2010 to manage the day-to-day operations of the charity, reporting directly to the Trustees.

Related parties

Page 9

AGE UK PORTSMOUTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

There were no related party transactions for the year end 31 March 2025 or 31 March 2024.

Exemption from disclosure

Age UK Portsmouth does not hold any form of exemption from disclosure therefore trustee and senior staff names have not been omitted.

Funds held as custodian trustee on behalf of others

Age UK Portsmouth does not hold funds, nor act as custodian trustees, on behalf of others.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 03281047 (England and Wales) Registered Charity number 1059945

Registered Office

The Bradbury Centre 16-18 Kingston Road Portsmouth Hampshire PO1 5RZ

Trustees

Paul Hummel-Newell – Chair Tim Gamester – Trustee Elizabeth Fellows – Trustee Stewart Wooles – resigned 18[th] December 2024

Executive team

Dianne Sherlock - Chief Executive Officer Annabelle Morgan - Finance Manager

Auditors

MC Audit Limited Chartered Accountants, Business and Tax Advisors Lake House, 2 Port Way, Port Solent, Portsmouth Hampshire PO6 4TY

Bankers

National Westminster Bank plc 130 Commercial Road Portsmouth Hampshire PO1 1ES

Solicitors

Biscoes Law Limited 62-68 Kingston Crescent Portsmouth Hampshire PO28AQ

Page 10

AGE UK PORTSMOUTH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STATEMENT OF TRUSTEES RESPONSIBILITIES

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with Companies Act 2006. The Trustees 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.

Insofar as the Trustees are aware:

Small company provisions

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

Registered office: Signed by the order of the Trustees on:

The Bradbury Centre 10 December 2025 16-18 Kingston Road Date: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Portsmouth Hampshire PO1 5RZ

Signed: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Signed: RYLNY ‘ Paul Hummel-Newell, Chair of the Board

Page 11

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK PORTSMOUTH

Opinion

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

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

Page 12

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK PORTSMOUTH

Matters on which we are required to report by exception

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

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

Responsibilities of trustees

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

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

Page 13

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK PORTSMOUTH

Our responsibilities for the audit of the financial statements

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

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

From discussion with management and those charged with governance information about the entity is documented to assess the activity within the organisation. We discuss management's assessment of risk in respect of irregularities, fraud and going concern.

Based on these discussions and our own assessments we determined that the key risk areas were income recognition in respect of cut off issues and management override concerning the size of the organisation.

We set financial statement materiality level based on the level of income. As a not for profit organisation raising income is its primary focus which is why income was used to determine the level of materiality. Our overall assessment of risk was used to determine performance materiality at an appropriate level.

Substantive audit tests were designed after assessing and performing walkthrough tests. The walkthrough testing confirmed documented systems which have been designed to act as a preventative measure against fraud and error which appear to be operating as documented. Substantive testing tested a sample of the population, representative of the population, to identify errors. The testing did not identify any material misstatements in areas tested.

Audit substantive tests concluded no material errors over the key risk areas of income recognition and management override.

The audit considers the organisation is not exposed to material risk of error as a result of assessing laws and regulations that are appropriate to the organisation.

Management assessed there is no going concern risk. The audit undertook a review of budgets, management accounts and the review of board minutes and came to the same conclusion as management.

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

Page 14

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK PORTSMOUTH

Use of our report

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

Stuart Mackie (Senior Statutory Auditor) for and on behalf of MC Audit Limited Statutory Auditors Lake House 2 Port Way Port Solent Portsmouth Hampshire PO6 4TY

Date: ............................................. 11/12/2025

Page 15

AGE UK PORTSMOUTH

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Charitable activities
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Charitable activities
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
11,047
778,769
38,852
12,437
13,238
854,343
64,259
837,935
902,194
(47,851)
1,107,744
1,059,893		 Restricted
funds
£
-
222,930
-
-
-
222,930
6,996
215,934
222,930
-
708
708		 2025
Total
funds
£
11,047
1,001,699
38,852
12,437
13,238
1,077,273
71,255
1,053,869
1,125,124
(47,851)
1,108,452
1,060,601		 2024
Total
funds
£
362,531
1,064,147
26,828
8,297
12,757
1,474,560
74,283
1,063,943
1,138,226
336,334
772,118
1,108,452

The notes form part of these financial statements

Page 16

AGE UK PORTSMOUTH

BALANCE SHEET 31 MARCH 2025

2025 2024
Notes £ £
FIXED ASSETS
Tangible assets 13 505,229 497,348
CURRENT ASSETS
Debtors 14 116,963 147,735
Cash at bank and in hand 498,306 583,119
615,269 730,854
CREDITORS
Amounts falling due within one year 15 (59,897) (119,750)
NET CURRENT ASSETS 555,372 611,104
TOTAL ASSETS LESS CURRENT
LIABILITIES 1,060,601 1,108,452
NET ASSETS 1,060,601 1,108,452
FUNDS 18
Unrestricted funds 1,059,893 1,107,744
Restricted funds 708 708
TOTAL FUNDS 1,060,601 1,108,452

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 10 December 2025 ............................................. and were signed on its behalf by:

P ............................................. Hummel-Newell - Trustee P Hummel-Newell - Trustee

The notes form part of these financial statements

Page 17

AGE UK PORTSMOUTH

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2025
£
(72,093)
(72,093)
(25,157)
-
12,437
(12,720)
(84,813)
583,119
498,306		 2024
£
385,431
385,431
(6,579)
1,261
8,297
2,979
388,410
194,709
583,119

The notes form part of these financial statements

Page 18

AGE UK PORTSMOUTH

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

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

ACTIVITIES
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Interest received
Decrease in debtors
Decrease in creditors
Net cash (used in)/provided by operations		 2025
£
(47,851)
17,276
-
(12,437)
30,772
(59,853)
(72,093)		 2024
£
336,334
11,119
(1,261)
(8,297)
75,343
(27,807)
385,431

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24 Cash flow At 31.3.25
£ £ £
Net cash
Cash at bank and in hand 583,119 (84,813) 498,306
583,119 (84,813) 498,306
Total 583,119 (84,813) 498,306

The notes form part of these financial statements

Page 19

AGE UK PORTSMOUTH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The trustees consider that there are no material uncertainties regarding the charity's ability to continue as a going concern.

Income

Donations and Legacies income includes donations, gifts and legacies and grants that provide core funding or are of general nature are recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when:

Other Fundraising Activities and Investment Income is recognised on a receivable basis. Income from Charitable Activities includes income received under contract or where entitlement to grant funding is subject to specific conditions is recognised as earned (as the related goods and services are provided). Grant income included in this category provides funding to support activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Expenditure

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

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in the notes to the accounts.

Tangible fixed assets

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

Freehold property - 1% on cost Plant and machinery - 33% on cost Fixtures and fittings - 33% on cost Computer equipment - 50% on cost

Individual fixed assets costing £500 or more are capitalised at cost.

Taxation

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

Fund accounting

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

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AGE UK PORTSMOUTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

Fund accounting

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

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

Pension costs and other post-retirement benefits

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

Financial instruments

The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable investments in stocks and shares. The measurement basis use for these financial instruments is detailed below.

Debtors and cash at bank & in hand

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash held on deposit or in a current account.

Creditors and provisions

Creditors and provisions are recognised where the charitable company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

2. DONATIONS AND LEGACIES

3.

Donations
Legacies
OTHER TRADING ACTIVITIES
Hairdressing
Chiropody
Caf‚		 2025
£
8,867
2,180
11,047
2025
£
5,641
21,004
12,207
38,852		 2024
£
10,445
352,086		 2024
£
10,445
352,086
362,531
2024
£
5,126
17,795
3,907
26,828

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AGE UK PORTSMOUTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

4. INVESTMENT INCOME

Deposit account interest
All investment income is derived from assets held in the United Kingdom.
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Charitable activities
Service income
Charitable activities
Grants received, included in the above, are as follows:
Royal Navy and Royal Marines Charity
Age UK
Big Lottery Fund
HIVE Wraparound
Portsmouth City Council
HIWCF
Hampshire County Council
6.
RAISING FUNDS
Other trading activities
Purchases
Support costs
7.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Charitable activities
753,172		 2025
£
12,437
2025
£
248,387
753,312
1,001,699
2025
£
61,172
12,357
161,757
13,101
-
-
-
248,387
2025
£
48,622
22,633
71,255
Support
costs (see
note 8)
£
300,697		 2024
£
8,297
2024
£
313,043
751,104		 2024
£
8,297
2024
£
313,043
751,104		 2024
£
8,297
1,064,147
2024
£
19,875
132,213
108,140
819
833
513
50,650
313,043
2024
£
53,330
20,953
74,283
Totals
£
1,053,869		 2024
£
19,875
132,213
108,140
819
833
513
50,650
313,043
2024
£
53,330
20,953
74,283

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AGE UK PORTSMOUTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

8. SUPPORT COSTS

SUPPORT COSTS
Management
£
Other trading activities
20,265
Charitable activities
269,229
289,494
Activity
Basis of allocation
Management
Use of resources
Finance
Use of resources
Governance costs
Use of resources		 Governance
Finance
costs
£
£
1,541
827
20,477
10,991
22,018
11,818		 Totals
£
22,633
300,697
323,330

Support costs, included in the above, are as follows:

Management

Staff costs
Office costs
Premises costs
Accountancy support
Finance
Bank charges
Depreciation of tangible fixed assets
Governance costs
Auditors' remuneration
Auditors' remuneration prior year under
provision
Accountancy fees		 Other
trading
activities
£
11,565
3,916
2,023
2,761
20,265
Other
trading
activities
£
332
1,209
1,541
Other
trading
activities
£
441
-
386
827		 Charitable
activities
£
153,643
52,028
26,874
36,684
269,229
Charitable
activities
£
4,408
16,069
20,477
Charitable
activities
£
5,859
-
5,132
10,991		 2025
Total
activities
£
165,208
55,944
28,897
39,445
289,494
2025
Total
activities
£
4,740
17,278
22,018
2025
Total
activities
£
6,300
-
5,518
11,818		 2024
Total
activities
£
155,321
54,456
25,191
35,776		 2024
Total
activities
£
155,321
54,456
25,191
35,776
270,744
2024
Total
activities
£
5,313
11,110
16,423
2024
Total
activities
£
6,000
1,538
4,644
12,182

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AGE UK PORTSMOUTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

9. NET INCOME/(EXPENDITURE)

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

2025 2024
£ £
Auditors' remuneration 6,300 6,000
Depreciation - owned assets 17,276 11,119
Surplus on disposal of fixed assets - (1,261)

10. TRUSTEES' REMUNERATION AND BENEFITS

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

Trustees' expenses

During the year no trustees (2024: none) were reimbursed out of pocket expenses totalling £nil (2024: £nil).

11. STAFF COSTS

2025 2024
£ £
Wages and salaries 816,690 848,673
Social security 43,574 37,979
Employers pension costs 16,720 16,512
876,984 903,164

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

Charitable
Support
No employee received emoluments in excess of £60,000 (2024: none).		 2025
26
39
65		 2024
32
43
75
2025 2024
£60,001 - £70,000 - -

Key Management Personnel

The key management personnel of the charitable company comprises the Chief Executive Officer and the Finance Manager. In the prior year the Chief Operations Officer and the Corporate Services Manager were included but these were stopped. The total consideration paid and employee remuneration and benefits of the key management personnel of the charity was £108,284 (2024: £113,584).

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AGE UK PORTSMOUTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Charitable activities
Other trading activities
Investment income
Other income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Charitable activities
Total
NET INCOME
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
13.
TANGIBLE FIXED ASSETS
COST
At 1 April 2024
Additions
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Unrestricted
funds
£
362,452
935,394
26,828
8,297
12,077
1,345,048
71,423
940,477
1,011,900
333,148
5,119
338,267
769,478
1,107,745
Freehold
property
£
642,806
-
642,806
154,697
6,428
161,125
481,681
488,109		 Restricted
funds
£
79
128,753
-
-
680
129,512
2,860
123,466
126,326
3,186
(5,119)
(1,933)
2,640
707
Plant and
machinery
£
12,621
-
12,621
10,203
1,619
11,822
799
2,418		 Total
funds
£
362,531
1,064,147
26,828
8,297
12,757
1,474,560
74,283
1,063,943
1,138,226
336,334
-
336,334
772,118
1,108,452
Fixtures
and
fittings
£
93,992
25,157
119,149
88,143
8,257
96,400
22,749
5,849

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AGE UK PORTSMOUTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

13. TANGIBLE FIXED ASSETS - continued

Motor
vehicles
£
COST
At 1 April 2024
10,025
Additions
-
At 31 March 2025
10,025
DEPRECIATION
At 1 April 2024
10,025
Charge for year
-
At 31 March 2025
10,025
NET BOOK VALUE
At 31 March 2025
-
At 31 March 2024
-
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
Deferred income comprises grants received for future financial periods.
Brought forward
Amount released to incoming resources
Amount deferred in year
Carried forward		 Computer
equipment
£
64,493
-
64,493
63,521
972
64,493
-
972
2025
£
112,124
-
4,839
116,963
2025
£
8,723
6,849
3,369
40,956
59,897		 Computer
equipment
£
64,493
-
64,493
63,521
972
64,493
-
972
2025
£
112,124
-
4,839
116,963
2025
£
8,723
6,849
3,369
40,956
59,897		 Totals
£
823,937
25,157
849,094
326,589
17,276
343,865
505,229
497,348
2024
£
121,981
20,833
4,921
147,735
2024
£
11,415
8,981
2,684
96,670
119,750		 Totals
£
823,937
25,157
849,094
326,589
17,276
343,865
505,229
497,348
2024
£
121,981
20,833
4,921
147,735
2024
£
11,415
8,981
2,684
96,670
119,750
2025 2024
£ £
73,969 112,496
(73,969) (112,496)
16,563 73,969
16,563 73,969

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AGE UK PORTSMOUTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

16. LEASING AGREEMENTS

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

Within one year
Between one and five years		 2025
£
2,671
3,340
6,011		 2024
£
3,957
6,011
9,968

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Restricted
funds
funds
£
£
Fixed assets
505,229
-
Current assets
614,561
708
Current liabilities
(59,897)
-
1,059,893
708
MOVEMENT IN FUNDS
At 1.4.24
£
Unrestricted funds
General fund
957,744
Designated Fund
150,000
1,107,744
Restricted funds
Dementia MCST
708
TOTAL FUNDS
1,108,452
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
854,343
Restricted funds
Close Encounters
161,757
Veterans Information Point
61,173
222,930
TOTAL FUNDS
1,077,273		 2025
Total
funds
£
505,229
615,269
(59,897)
1,060,601
Net
movement
in funds
£
(47,851)
-
(47,851)
-
(47,851)
Resources
expended
£
(902,194)
(161,757)
(61,173)
(222,930)
(1,125,124)		 2024
Total
funds
£
497,348
730,854
(119,750)
1,108,452
At
31.3.25
£
909,893
150,000
1,059,893
708
1,060,601
Movement
in funds
£
(47,851)
-
-
-
(47,851)

18. MOVEMENT IN FUNDS

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AGE UK PORTSMOUTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Designated Fund
Restricted funds
Close Encounters
Dementia MCST
TOTAL FUNDS		 At 1.4.23
£
769,478
-
769,478
-
2,640
2,640
772,118		 Net
movement
in funds
£
333,147
-
333,147
5,119
(1,932)
3,187
336,334		 Transfers
between
At
funds
31.3.24
£
£
(144,881)
957,744
150,000
150,000
5,119
1,107,744
(5,119)
-
-
708
(5,119)
708
-
1,108,452		 At
31.3.24
£
957,744
150,000

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

Unrestricted funds
General fund
Restricted funds
Close Encounters
Veterans Information Point
Dementia MCST
TOTAL FUNDS		 Incoming
resources
£
1,345,047
108,140
19,874
1,499
129,513
1,474,560		 Resources
expended
£
(1,011,900)
(103,021)
(19,874)
(3,431)
(126,326)
(1,138,226)		 Movement
in funds
£
333,147
5,119
-
(1,932)
3,187
336,334

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AGE UK PORTSMOUTH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

18. MOVEMENT IN FUNDS - continued

Designated Fund is funds that have been set aside to go towards a new CRM and time management system as well as finance migration to the Cloud.

Close Encounters aims to enhance quality of life for lonely and isolated older people within their community, and alleviate pressure on ambulance services supporting older frequents callers who have no medical need.

Veterans Information Point is a grant to provide veterans with information and support in debt and finance and to combat lonel iness.

Dementia MCST (Maintenance Cognitive Simulation Therapy) sessions are offered by the charity. These sessions are weekly and are designed for people who have newly diagnosed or who have been living with mild to moderate dementia. Group members take part in meaningful and stimulating activities that are proven to help maintain memory and mental functioning. The groups provide a fun, supportive environment where people can build new friendships. Activities include:

All activities are chosen to be both stimulating and fun. An important aspect of the group is being able to socialise and share experiences with older members. The groups are relaxed, light-hearted, and fun, and group members are encouraged to support each other.

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

20. ULTIMATE CONTROLLING PARTY

The charitable company is not under the control of another entity or any one individual.

Page 29