AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IAARCH 2026 REGISTERED COMPANY NUMBER: 03281047 (England and Walès) REGISTERED CHARITY NUMBER.. 105994S REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2026 FOR AGE UK PORTSMOUTH
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IAARCH 2026 AGE UK PORTSMOUTH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2026 Pag• R8port of the Trusts 1 10 16 R•port of th• Indendent Audltor• 17 10 19 Ststsmgnt of FlnancSal A¢llvit*s 20 Balance Shwt 21 Cash Flow Statement 22 Notes to Cash Flow Stat•m•nt 23 Not•8 to Financlal Stat¢m•nts 24 10 34
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 AGE UK PORTSMOUTH- TRUSTEE ANNUAL REPORT 202S-2026 Wrf(hin this Annual Report we wll provide an account of our finances, the changes we have experienced and how our support lo those in need of our assistance developed over the period April 2025 to the end of March 2026. The charity's financial stslements have been prepa in accordance the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charrties Act 2011 and Accounting and Reporting by Charities". Statement of Recommended Practice applicable to ChareS preparing their account5 in accordance wrth the Financial Reporb"ng Stsndard for Smaller Enb"lies published on 16 July 2014. CHANGES Ml$$lon To help adults in Portsmouth and Southeast Hampshire enjoy a better quality of life, wth a specffic locus on all aspects of getting older. Age UK Portsmouth is the leading provider of agevrelated support services lo adults across Portsmouth and Southeast Hampshire. V8lug8 Our values shape the Work we do, both as a member of the Age UK Netswrk al as 4 local independent charitable organisalion. Our five values have the following meanings.. Accossiblo: We assist adults and older pe¢Jple to live independently and exercise choice. We draw Strength from the voices of adults and older people and ensure those voice$ are heard. Re8POCtful: Innov8tlve', Compasslonat•: Trusted.. We are dynamic and driven by results and conslanuy deliver for adulis and old&r people. We are passionate about what we do and care about each individual. We are experts, aulhoritstive and qualrty orientated. Guldlng Prfn¢lple$: These five principles underpn all the work thal we do., Ag•i$m is unacceptsbl• Age UK PortsmoLth is against all foms of age di%riminalion and challenges unfair Irealmenl based on age. All people havg thg rfght to make dacSslons about thalr Il¥ Age UK Portsmouth helps adults and older people to discover and exercise their rights. People less able to help themselves $h¢uld be offered support- Age UK Portsmouth seeks lo support adutts and older people to live their lives with dignity. Diversity is valued in all 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 tog8tr that Ago UK Portsmouth can usa Its local, countywdo, ragional and national presence to the greatest effecL Page 1
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 A¢hl•v¢m•nts and Perf¢mian¢o Our Help Around the Home (HATH) service for domestic support continued to be busy wth a total 19,583 hours of service provided by our Home Sup1 Workers The Meals on eelS service. introduced in 2022. Sadly was Closed in May 2026 due lo cost of living pressures and the increases in the national minimum wage & employer Nl contributions. The Close Encounters project entered its final year of fvnding. ThL8 service support5 the development of personal independence and socialisalion to reduce loneliness and increase self-e51eem and community belonging The new bereavement Café was established to support Veterans and the ¢lo$e famity members navigate the journey loss or losing a loved one, in a friendly supporb've environment. Chiropody. fool care and hair salon services continue to be provided al the Bradbury Centre Our valued volunteers continue to provide supwt lo our dedicated staff and are incredibly important in our day-tovday operations The organisalion re$truclure(l rts senr managen*nt team broadening rts area of operation and expertise and will focus in diversfying new suslainable revenue streams. The Board ol Iruslees and management team conts.nued their efforts to reduce the ffinanaal defieil. Staff continued lo experience an increase in direct public nthet with Ihe charity, receiving help and support al the rlghl lime can and does save lives. Flnanc• Throughout the year, Age UK Portsmouth ¢onlinue(I lo manage improvement ol our financial systems and processes to ensure the best cost and value for the charity. We continue to see grotsth in the uptake ol clients paying by Direct Debit which also reduces time in processing payments and banking in the department. We will continue lo seek savings In both cost and efficiency in the coming year. we are operating in a difficu financial landscape. and light fiscal management remains the organisabons slan¢Jard. 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 tho Hom Age UK Portsmouth's Help Around the Home IHATHI servitE delivered 19,'583 hours of 5UPPOrt lo the people of Portsmouth and southeast Hampshi throughout 202&2026. HATH is a successfvl in-house service that can be purchased by Ihe hour and receives upwards of 40 referrals per month from numerous sources across the area, three quarter of referra15 being made by dienls Ihernselves, family or friends and housing services. The MainIng quarter of referrals are coming from voluntary, heah and social care sectors. Page 2
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 8 spring clean5 were undertaken lotalling 65 hr5 which ha5 made a real difference lo clien15' livesl BEFORE AFTER Having suc¢e$sfully won £10,000 to deliver support during 202&-2026 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 succes51ul and additional funding of £ 5,000 was awarded for in late 2025 enabling the team Its support an addrtional 40 vulnerable people. Due lo the success, additional funding of £15K has been received for 2026- 2027. Client feedback about their experience of our Help Around the Home seryKe-. Page 3
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 'May I take this opportunity to thank all of the HA TH team. in particular L8sl8y for outstanding soThice. Dad could not have lived comfortabfy on his own forso long withoutyour team s wonderful 8ffortsl' .1 wanted to thank Hayley for making Phillip home immaculate. we didny have to do a thing.. Cllent was extremely ¢ompllmentary and sald Lu¢y Is wonderful. she works so hard and does everythlng she needs and always tums up with a smile on her face and looks tidy, Client said they have lovely conversations and wouldn't want anyone elsel Client stated Lucy deserves a pat on the back. gold star anda pay rlse., 'Thank you so mu¢h for your vlslt sterdaY and the kind way you d•att wlth the i$$ug$ and understandlng the clients, needs. 'Can I take thls opportunlty to tlmnk you and your team lor the wonderful seryl¢e you have provlded and the support you have glven to my Mtsm. We are very grnteful and I have no doubt that we may be In touch in tho future should my Mum change h•rmind.' So¢l*l Actlvltl We offer a wide range of activities at the Bradbury Centre. From our Coffee & Company sessions. where you can meet new people in a safe and welcoming environment while enjoying a cup of tea or coffee and a slice of cake, to our Creative Craft Group. launching in earfy July. Here. you can bring along your knIng or crochet projects, lake part in the Big Knit campaign, and explore new crafts such as Card making, diamond art, paper crafts. and a variety of textile projects. Page 4
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 We also run beginner IT classes to help build confiden¢e digital skills and regularly host special information talks on a variety of topics of interest. Page S
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 In addffion, we hold dedicated Veterans. events. induding h¥&MonthlY breakfast dubs and a monthly Bereavement Café, providing support and a charbce to connect wf(h others 14L-V Page 6
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 Volunteèring 11 ifi -11. Age UK Portsmouth simpty coukl not proVe all its services wthoul the invaluable support of our volunteers. who generously share their skills, knOedge, lime, and dedication. We are deepty grateful lo the many members of the communrty who continue lo support our work by offenng their help and being available to assist across a wde range of acts'vities. These roles include recepbon dulie5, serving customers in our café, supporting in the kitchen, and providing digrtal support at the BradbLJry Centre. In addition, our volunteers play a vital role in visiting housebound and isolated older people in their own homes, offering companionship, conversation, arKI a friendly, reassuring presence that helps reduce loneliness and improve wellbeing within our local community. Page 7
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 What it means to be a volunteer Volunteering at Age UK, is just as big a gift of friendship and companionship for me as it is for the person I befriend. And r( is an opportunity to give back to a demographic of the population who can be overlooked, who may have lost friends, mobility, or even their health. so they can feel like they are sts"Il alive. So, they know they still matter. that they are important and Can have fun an¢Y something to look forward to each week. Thank you so much for being so generous wth your lime and knoedge - the charity and people of Portsmouth appreciate and Cherish you. Café We are extending our programme of events including "taste of the wortd. Mothers & father's day Events, as well as Celebrating the king's birthday1 We have exciting things to come in the fijture including launching of low cost meals using surplus food where pos51ble. Page 8
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 Clos8 Encount8rs BIG LOTTERY FUND I Portsmouth ageuK NATIONAL LOTfERY FUNDED Age UK Portsmouth's Close Encounters service has supported improvements in the qualty of life for lonely and isolated adults and older people across Portsmouth and ihe surrounding areas. Funded by the National Lottery Community Fund, the service was delivered in partnership Trmlh Community First lo help reduce loneliness and social isolation. This Community FirSSuPpOrted provision came to an end in March 2026. Close Encounters continues to be warmly received by both the public and partner organisations across the city, particularfy al a lime when many other social projects have reduced or limited their service5. Demand has remained strong throughout the 2025-2026 period. with Close Encounters ¢ontinuing lo be a key pr¢vider in Portsmouth, offering both one-ltrone and grou*based support to help reduce social Isolation. During 202>2026. Age UK Portsmouth I Close Encounters stsff have conts'nued lo visf( people in their homes lo provide direct support, particularfy for those wth mobility or transport challenges. The team has also worked proactively lo recruit new volunteers across a wde range of community SUPPOrt roles. although ongoing cosl-of-living pressures have meant that some potential volunteers have needed lo prionlise paid work. To strengthen engagement. team members have attended volunteer faifs. fowms. and delivered talks lo promote volunteering opportunrtie$. while also working with l¢xal bu$ine$ses and their Community Champions to encourage greater involvement. Close Encounters continues lo collaborale closely wth services supporting veterans, people living with dementia. and carers. with referra15 regulady recwved from Adult Social Care, Queen Alexandra Hospital, and other social service teams lo ensure coordinated and effective support. In addition, we a¢tivety encourage more mobile dients to lake part in local activities and events. helping to build their confidence, maintain independence, and develop wder social nets¥orks wthin their community. Page 9
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 20 VETERANS. FOUNDATION In January, we secured funding from the Veterans Foundation to establish a Bereavement Café, providing a sale and supporkn've space for veterans and their close famity members who have experienced, or are facing, the loss of a loved one. The cafè offers an opportunity lo talk. listen. or simpty spend time wth others vtho understand, while also provilling guidance and signposb.ng to addrti¢)nal support seryices where needed. The Bereavement Café takes place on the first Wednesday of each monlh. Page 10
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 Page 11
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 Financial Rovi Age UK Portsmouth is an independent charity, separate and independent of Age UK. However, both parties have Network Partner relationship which remains under review. The continued relationship with Age UK ensures the many people who benefit from our local services will conb.nue lo be able lo 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. The Charity strives to offer the highest standard of service lo those in need of help and assistance. We are a lifeline lo 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 %wth Age UK Portsmouth stsll and volunteers is the only lime they socialise or possibly gel outdoors, and it is often the only contacl and opportunity they have for mixing with other people in their local community. Règèrvos pollcy The Board have identified that a minimum four to Sixon1h per of operating costs equating to not less than £175,000 would be a reasonable level of free reserves to be able lo deal with event5 that were not anticipated and that would have a negabve impact on the organisation's income streams. We therefore are operating within our reserves policy. Reserves should be built up from unreslricted learned) income and idealty sit befven 44 months operating costs. Investment POWOrn Under the Memorandum and Articles, the charty has the power to invesl in any way the Trustees wsh. In view of exi51ing financial commitments, the ¢hanty is turrenlty holding all funds wlhin current and savings Bank Accounts. Prfnclpal Fundlng Sou8$ Age UK Portsmouth's funding sources have evolved over time and the organisalion Continues lo develop a balance between funded programme provision and self-generated income through the support services offered lo those who need help in and around their homes. Despite a difficult world-wde economic situation, the Executive continued to bid for and attract important income from the followng Funders lo whom Age UK Portsmouth a extremely grateful. Wrthoul the generosity of these Funders, Age UK Portsmouth would not have been able lo deliver so many public benefits. A huge vole of thanks goes lo Funding organisations such as.. Age UK the National Lottery Veterans Foundation As a result, Age UK Portsmouth has proven rts resilience and continues to build on becoming truly self-reliant. Plans for Future Age UK Portsmouth Continuously endeavours to understand how best lo shape rtself so that its services can be sustained. The Board has directed the management team to pursue new fvnding opportunth'es and to diversfy our activities in order to establish sustainabbe, knng-temi revenue streams. Page 12
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 All internal processes, costs and dient services are continuousty 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. We anticipate significant changes to our systems and software in the coming year. These improvements are designed lo enhance our efficiency while ensuring we contsnue lo respond effecb.vely lo the evolving needs of our client5, staff, and stakeholders. Age UK Portsmouth has avaYS maintained Close relationships with nehbOUrlng. regional. and nationwide-based Age UK organisations. Engagement in county and nation-wide fora, panels arKI action groups are vilal to growth and full understanding of population need. Working with Councillors and MPS continues to enable a clear understsnding amongst politicians about the organisation's strengths and kJng- temi core values. Fundraising We are registered with the fundraising regulator and adhere to standards outlined in their code of ¢onducl and The Charrties IProleclion and Social Inveslmenll Act 2016. STRUCTURE. GOVERNANCE AND MANAGEMENT Responslbllltles of the Trusto•s The Tru51ee5 are responsible for preparing the Trustees Annual Report and the finanaal 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 Trustee5 have elected lo prepare the financial statemen15 in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. The financial slalemen15 are required by law lo give a true and fair view of the slate of affairs of the charity and of the surplus or deficit of the charity for that period. The Trustees Confirm that they have referred lo the guidance contained in the Charity Commission'$ general guidance on public benefit when reviewng the charty's aims and objectives and in planning future aclivilies. The income and property of the charity Is applied solely towards the promotion ol the objects of the charity as sel forth in the Memorandum of Association. No portion of the income and propety can be paid or transferred directly or indirectly, by way of dividend. bonus or othewse howsoever by way of profit, to the members of the charity. No member of the Execubve Committee or Goveming body can be appointed to any office of the charity paid by salary or fees or receive any remuneration or other benefit in M¢eY or money's worth from the charity. Govomlng document Age UK Portsmouth Ichanly number 1059945 and company number 032810471 1$ a tt*mpany limf(ed by guarantee and a registered charity govemed by rts memorandum and arb.des of association. Recruitment and appointment of Trustees A robust system for the recruitment of Trustees is in place and adherence to our Equal Opportunities p)li¢y is strict. The Trustee job description and person specification is reviewed on a regular basis to ensure it is appropriate to organisats'onal needs. Candidates are invited for interview with the Board, a Disclosure and Barring Service IDBSI check and satisfactory references are obtained before any appointments are made. Page 13
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 Truste• InduCon and tralnlng Trustees are given background infomiation about the organisation and an induction programme. They are encouraged to spend as much lime as they can at The Bradbury Centre to become farniliar with the services we offer and the rtsle we play in the local community. Risk manag8mont Trustees have in place a system by vthich they monrtor potential risks to which the organisation may be exposed. Risk assessments are reviewed and updaled on a wular basis. Oryanisational structurn The board ideally should not be less than five members at any one bme. The board is CUentlY looking for new members. The board meets on allemate months. A Chief Execub've Officer IDianne Sherlock) was appointed by the Trustees in October 2010 to manage the day-to-day operations of the charity. reportsng direeuy lo the Trustees. Related partl•s There were no related party transactions for the year ended 31 March 2026 or 31 March 2025. Exemptlon from dlsclosure Age UK Portsmouth does not hold any form of exemption from digdosure therefore trustee and senior staff names have not been omitted. Funds hgld as custodSan trust88 on hall ol 0th8fS Age UK Ptsrtsmouth does not hold lunds, nor aet as custodian trustees. on behalf of others. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03281047 (England and Wales) Règistèrod Charity numb•r 1059945 Reglster8d Offlco The Bradbury Centre 16-18 Kingston Road Portsmouth Hampshire P01 5RZ Trustees Tim Gamesler- Chair Geoffrey Salvetli- Trustee Roger Batterbury- Truslee Naiatlie Lenton- Trustee Paul Hummell Newell- Resigned 181h December 2025 Elizabeth Fellows- Resigned 24th Febwary 2026 Executive team Clark Wesl Annabelle Morgan Operab"ons Manager Finance Manager Page 14
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026 Auditors MC Audit Limited Chartered Accountants, Business and Tax Advisors Lake House 2 Port Way Port Solenl Portsmouth P06 4TY Bankers National Westminster Bank plc 130 Commercial Road Portsmouth Hampshire P01 1 ES Sollcltorn Bis¢oe$ Law Limited 62-88 Kingston Crescent Portsmouth Hampshire P028AQ STATEMENT OF TRUSTEES RESPONSIBILITIES In preparing these financial $tslements, the Trustees are required lo.. Select suitable accounting policies and then apply them consistentty., Make judgements and estimates that are reasonable and prudent., Prepare the financial stslemenlg on the going UK basis unless it is inappropriate lo presume that the charity will continue in operation. As well as being accountable for reviewing finaneial Statements and driving data-based de¢i$ion$ from Ihern,. the Trustees also are required lo have a collective strength In safeguarding assets. maintaining adequate accounting records. and ensuring compliance goveming laws and stsndards. Broader governance duties See the Trustees directing the affairs of the organisation la local Charity wth nationwide and recognised brand namel which includes.. <ompllanc• Ensuring the Charity acts in accordance wrth its governing document and relevant laws. -Public Benefit Ensuring the Charty's activitses are carried out for the public benefft. -Best Interests Acting independently, managing conflicts of interest. and makn'ng deasions that fijrther Ihe core purposes of the Charty. Page 15
AGE UK PORTSMOUTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2028 The Trustees are responsible fof keeping proper cOUnting rec(xds thich ¢Jisdose with reasonable accuracy at any tr'me the financial position of the charity and w.¢h enable them to ensure that the finanoal stalements comply wlh Cgmp8nies Act 20[ The Trustees are a150 responsible fcr Safeguarding the 8$sets of the charity and hence for taking reasth)abl& slaps for thè Pfevention and dètèction of Iraud and other Irregularitias. Insofar as the Truslees are aware.. There is no relevant audit information of whth the tha¥ty's audiicrf is unawar¢. and The Trustees have laken all steps that they oughl lo have taken lo make themselves aware ol any relevant audit Information and lo establish that the authlor Is aware of that Information. Small company provlslons This rew)rt has been wepared In a¢cordanc wlh the special prov18ions for sm811 companies under Part Wl ol Ihe Companies Act 2006. Registered office.. Sned by the order of the Trustees on.. The Bradbury Centre 1&18 Kingston Road Dale.. 18K.E'/L6 Putsrnoulh Harnpshire P015RZ Signed. Tim Gamester , Chair ofthe Board Page 18
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK PORTSMOUTH Oplnlon We have audited the financial ststements of Age UK Portsmouth (the 'charitsble company'l for the year ended 31 March 2026 which comprise the Statement of Financial Activrties, the Balance Sheet, the Cash Flow Statement and notes to the financial slatemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Unrted Kingdom Accounting Standards (United Kingdom Generalty Accepted Accounttng Practice). In our opinion the financial slalemenl5'. give a true and fair view of the state of the charitable company's affaits as al 31 March 2026 and of its incoming resources and applicab'on of resources. including ts income and expendrture. for the year then ended." have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance wth the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance Intematsonal Standard$ on Audrting (UK) IISAS IUKII and applicable law. Our responsibiif(ies under those standards are fiJrther described in the Auditors. responsibilits'es 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 stslemenls In the UK. including the FRC'S Ethical Standard. and we have fulfilled our olhef ethical responsibilrties in accordance with these requirements. We believe that the audrt evidence we have obtained is $uffiryenl and appropriate lo provide a basis for our opinion. Concluslons relating to going concern In auditing the financial slalemenls. we have ¢onclude(J 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 perfornied, we have not identffied any material uncertainties relating to events or condiliong that, individually or ¢olleclivety. may Cast signifieant doubt on the tharilable Company's ability lo continue as a going concem for a period of al least tWee months from when the financial stslements are aulhorised lor issue. Our responsibilities and the responsibilth'es of the Irustees with respect to going concern ale described in the relevant sections of this report. Othor Infomiatlon The trustees are responsible lor the other informabon. 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 oplnion on the financial slalemenls does not cover the other infomalion and, except to the extent othewise explicitly slated in our report. we do not exp$$ any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infomialion and. in doing so, consider whether the other information is materially inconsi51enl with the financial statements or our knoedge obtained in the audit or otherwse appears lo be materially misslaled. If we idenlfy such material inconsistencies or apparent material misstatements, we are quIred to delemiine whether this gives rise to a material misstatement in the financial statements themselves. If, based on Ihe work we have perfomied, we condude that there is a material misstatement of ihis other informats'on, we are required to report that facl. We have nothing to report in this regard. Oplnlons on othèr matt8rs prnscrfbod by th8 CompanS•s Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial statements are prepared 15 con51Stenl with the financial statements., arKI the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 17
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK PORTSMOUTH Mattèrs on which w• are ruired to report by 8xc•ption In the light of the knoedge and understanding of the charrtabk 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 followng matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept or relums adequate for our audit have not been received from branches not visited by u5., or the financial stslements are not in agreement wth the accounting COrdS and tUm$.. 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 trustee5 were not entitled lo lake advantage of the small companies exemption from the requirement lo prepare Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statement of Trustees. Respon5ibilitie5, the trustees Iwho are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial slalemenls and for being satisfied that they give a Iwe and lair view. and for such inlemal control as the trustees determine is necessary to enable the preparaty'on ol financial Statements that are free from material misstatement, whether due to fraud or error. In preparing the financial slemenls, the Iruslees a responsible for assessing the charitable company's ability lo continue as a going concern. disclosing. as applicable. matters related to going concern and using the going concern basi$ of accounting unless the trustees efiher intend to liquidate the charitable company or to cease operats'ons, or have no realistic alternative but to do so. Our re8pon8lb511tle• for the audlt of tho flnanclal statemonts Our objectives are lo obtain reasonable assuran¢e about whether the financial Slalemenls 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 15 a high level of assurance. but is not a guarantee that an audit conducted in acctsrdance with ISAS IUKI will atways detect a merial misstalemenl when It exists. Misslalemenls can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected lo influence the economic decision$ of users taken on the ba$1$ of these finan¢BI statements. The extent to which our procedures are capable of detecting iThegularilie$. including fraud is detailed below.. From discussion wth management and those charged wih govemance infomialion about the entity is documented lo assess the activity within the organisation. We dis¢u$$ management's a$se$smenl ol risk in resped of irregularrties, fraud and going concem. Based on these discussions and our own assessments we delermineil that the key risk areas We income recogni(ion in respect of cut off issues and management override conceming 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 ils primary locus which Is why Income was used lo determine the level of materiality. Our overall assessment of risk was used lo determine perfom)an¢e 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 lo be operating as documented. Substsntive testing te$led a sample of the population. representative of the population, to identify errors. The testing did not identify any material misstatements in areas tested. Audit 5ubstanlive tests concluded no material errors over the key risk areas of income recognition and management override. The audit considers the organisatson is not exposed to material risk of error as a result of assessing laws and regulations that are appropriate to the organisation. Page 18
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK PORTSMOUTH Our rosponsibilitias for the audit of th8 financial stat•m8nts- continuad Management assessed there is no going concem risk. The audit undertook a review of budgets, management accounts and the review of board minutes and ¢ame lo 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'5 web5rte al www.frc.OTg.ukJauditorsresponsibilrties. This descripts.on forrns part of our Report of the Independent Audrtors. Use of our report This report is made 501ely lo the charitsble company's members, as a body. in accordance wf(h Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the Charitable company's members those matters we are required to stste to them in an auditocs, port and for no other purpose. To the fLJllesl 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 Wk, for this report, or for the opinions we have formed. 'VKC Stuart Mackie (Senior Stalulory Audrtorl for and on behalf ol MC Audit Limjted Stalulory Auditors Lake House 2 Port Way Port Solenl Portsmouth Hampshire P06 4TY Dale.. 2110812026 Page 19
AGE UK PORTSMOUTH STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2026 2026 Total fijnds 2025 Total funds unrestr.cted funds Restricted fvnds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 8,199 8,199 11,048 Charitable activities Charitable activities 601,595 164.850 766,445 1,001,699 Other trading ath'vilies Investment income Other income 46.221 7.877 23,151 46.221 7.877 23,151 38,852 12,436 13,238 Total 687,043 164.850 851.893 1,077,273 EXPENDITURE ON Raising funds 28,945 4,698 33.643 71,255 Char5tablo actlvltl•s Charitable activities 742,284 160.152 902.436 1053.869 Totsl 771,229 164.850 936.079 1,125,124 NET INCOMEIIEXPENDITURE} Transfers between funds 184.1861 708 184,1861 147,8511 18 7081 Net mov•m•nt In funds 183.4781 17081 184,186) 147,8511 RECONCILIATION OF FUNDS Total fund5 brought forward 1.059,893 708 1,060,601 1,108,452 TOTAL FUNDS CARRIED FORWARD 976.415 976.41 S 1 060.601 The notes form part of these financial statements Page 20
AGE UK PORTSMOUTH BALANCE SHEET 31 RCH 2026 2026 2025 Notes FIXED ASSETS Tangible assets 13 489,512 505,229 CURRENT ASSETS Debt¢)r8 Cash at bank and in hand 14 88,348 482.785 116,963 498.3r 551,133 815.269 CREDITORS Amounis lallThJ due wNhln one year 15 164.230) 159.8971 NET CURRENT ASSETS 555.372 TOTAL ASSETS LESS CURRENT LIABILITIES 976.415 1.(60.601 NET ASSETS 978.415 1.(0.601 FUNDS Unrestn'cted ftmd8 Restricted fun¢J 18 976,415 1,059,893 TOTAL FUNDS 976.415 1.060,601 These financ¢a ststements have been wepared in acLordance wth the provisions applic*Jle lo tharilat4e ccfflpanies subject to the small cornpanies regirne. The financial stat8ments wer8 approved by the Board of Trustees and authorised for Is5 c IS/GI¥ . and were signed on its behalf by". Tim Ga airof Ihe Board The notes form part ofthese financial statements Page 21
AGE UK PORTSMOUTH CASH FLOW STATEMENT FOR THE YEAR ENDED 31 RCH 2026 2026 2025 Notes Cash flows from opèrating activitios Cash generated from operations 40,983 72,0921 Nel cash used in operating activities 40,983 72,0921 Cash flows from Invostlng a¢tlvltl•s Purchase of tangible fixed assets Interest received (2.4151 7,877 125,1571 12,436 Nel Cash provided byllused inl investing activrties 127211 Changg In ¢a$h and cash equlvalonts In th8 reporting rIOd Cash and cash oquivalents at th• glnning of the reporn9 p•rlod 135,5211 184,8131 498 306 563 119 Cash and ¢a8h ¢qulval•nts at th• end of thg reporting perlod 462,785 498,306 The notes form part of these financial statements Page 22
AGE UK PORTSMOUTH NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 RCH 2026 RECONCILIATION OF NET EXpENDuRE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2026 2025 Not oxp8nditur• for rnporting period las th• Statsm•nt of Financial Activities) Adjustments for- Depreciation charges Interest received Decrease in debtors Increaselldecreasel in credrtors 184,1861 147,8511 18,132 17.8771 28,615 4,333 17,276 112.4361 30,772 59,853 Net cash used in operntion5 40,9831 72,0921 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.25 Cash flow At 31.3.26 Nèt cash Cash at bank and in hand 498.3C6 35.5211 462 785 498,3C6 35,5211 482,785 Total 498,3C6 35,5211 462,785 The notes form part of these financial statements Page 23
AGE UK PORTSMOUTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 klARCH 2026 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a publ benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Chares.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191,. Financial Reporting Standard 102 'The Financial Reportsng Stsndard 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 the are no material uncertainties warding the charity's ability lo conts'nue as a going concem. Income Donations and Legacies income indudes donab"ons. gifts and legacies and grants that provide core funding or are of general nature are recognised where there is enliuemenl. probability of receipt and the amount can be measured wlh $uffi¢ient reliability. Such income is ¢)nly deferre(l ¥then'. The donor specifies that the grant or donation musl only be used in fiJture accounting periods,. or The donor has imposed condibons which musl be met before the Charity has unconditional enl'tlement. OtheT Fundraising Activrties and Investment Income 1$ recognised on a Teceivable basis. Income from Charitable Activities includes income received under contract or where entitlement to grant funding is subject lo specific Conditsons is reeognised as eamed la5 the related goods and services are provided). Grant income included in this category provides funding lo support activ"e$ and is recognised vh)ere there is enlillemenl, certainty of receipt and the amount can be measured with sufficient reliabilty. Expendlturo Liabilities are reeognised as expenditure as soon as there is a legal or constructive obligation committin9 the Charity lo that expenditure, It is probable that a transfer of economic benefits wll be required in setdement 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 c0515 cannot be directly attributed lo parts'cular headings they have been allocated to activities on a basis consistent wrth the use of resources. Support costs are those functions that assist the work of the charty but do not directly undertake charitable activitie5. These costs have been allocated bets•en cost of raisin9 fvnds and expenditure on charitable aclivilieg. The bases on which support costs have been allocated are sel out In the notes lo the accounts. Tanglblo flx8d as$8t8 Depreciation is provided at the folkjwng annual rates in order to wrrte off each asset over ts estimated useful Freehold propety Plant and machinery Fixtures and fittings Computer equipment 1% oncosl 33% on cost 33% on cost 50% on cost Individual fixed assets costing £500 or more are capitalised at cosL Taxation The charity Is exempl from c¢)Tw)ration tax on its charitsble ath"wts"es. Fund accounting Unrestricted funds can be used in accordance with the charilable objectives at the discrelion of the trustees. Page 24 continued...
AGE UK PORTSMOUTH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 RCH 2026 ACCOUNTING POLICIES - continued Fund accounting Restricted funds can only be used for parb'cular reslricted purposes wthin the objects of the charty. 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 lund 15 included in the notes to the financial 5talemenls. Pension costs and other postwretirement beneffts The charitable company operates a defined contribLrtion pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period lo which they relate. Financial instruments The charity only enters into bas financial instnjments transaction5 that result in the recognition of financial assets and liabilrties like trade and other accounts CeiVable and payable Investments in stocks and shares. The measurement basis use for these financial instruments is detailed below. Dèbtors 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 al bank and in hand includes cash held on deposit or in a current account. Crodltors and provls5on8 Creditors and provisions are recognised where the charitable company has a present obligation resulting from a past event th* will probaNy result in the transfer of ftjnds lo a third party and the amount due lo sellle the obligation can be measured or estimated reliably. Creditors and provisions are nomially recognised al their seement amount after allowng for any irade discounls due. DONATIONS AND LEGACIES 2026 2025 Donations Legacies 8.199 8,868 8,199 11,048 OTHER TRADING ACTIVITIES 2026 2025 Hairdressing Chiropody Cafe 5,530 23.251 5,641 21,004 12207 38,852 Page 25 continued...
AGE UK PORTSMOUTH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 RCH 2026 INVESTMENT INCOME 2026 2025 Deposit account interest 7.877 12,436 All investment income is derived from assets held in the Uni(e(l Kingdom. INCOME FROM CHARITA8LE ACTIVITIES 2026 2025 Grants Service income Charitable ad1VrtS Charitable activth'es 206,430 560,015 248.387 753,312 786,445 1 001699 Grants received, included in the above, are as follows.. 2026 2025 Royal Navy and Royal Marines Charity Age UK Big Lollery Fund HIVE Wraparound 61,172 12,357 161.757 13.101 29.747 164.850 11.833 206,430 248,387 RAISING FUNDS othor tradlng actSvltle8 2026 2025 Purchase$ Support costs 11,227 22.416 48,622 22,633 33,643 71,255 Page 26 continued...
AGE UK PORTSMOUTH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 RCH 2026 CHARITABLE ACTIVITIES COSTS Support Costs (see note 81 Direct Costs Totals Charrtable aclivilie5 604,631 297,805 902,436 SUPPORT COSTS Governance costs Management Finance Totsls Other trading activities Charitable activities 20,042 266.264 1,602 21.289 772 22,416 297 805 286.306 22.891 11.024 320221 Aclivty Management Finance Governance costs Basis ol albcalion Use ol resources Use ol resources Use ol resources Support costs, included in the above. are as follows". Managemant 2026 2025 Other trading activities Charitable activf(ies Total activities Totsl acb'vib'es Staff costs Office $15 Premises costs AoUnn support 8.723 4.862 2.030 4,427 115,889 64,591 26.967 58,817 124,612 89,453 28,997 165,208 55,944 28,897 20,042 266,264 286,306 289,494 Flnance 2026 2025 Other trading artivities Charitable activf(ies Total activities Totsl a¢b'vib'es Bank charges Depreciation of tangible fixed assets 333 1,269 4,426 16,863 4,759 18,132 4,740 17,278 1.602 21.289 22.891 22,018 Page 27 continued...
AGE UK PORTSMOUTH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 RCH 2026 SUPPORT COSTS- continued Govemance costs 2026 2025 Other trading acts"vrties Charf(able activf(ies Total activities Total acb"vities Audrtors, remuneration Accountancy fees 483 289 6.417 3,835 6,900 4,124 6,300 5,518 772 10,252 11,024 11,818 NET INCOMEIIEXPENDITUREI Net ineomellexpenditurel is slated after chargintylcredib"ngi". 2026 2025 Audrt¢rs' remuneration Depreciation- owned assets 6,900 18.132 6.300 17.276 10. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneratson or other benefits for the year ended 31 March 2028 nor for the year ended 31 March 2025. Trust$. •xpon•e• During the year one truslee12025'. none) was reimbursed out of [ke1 expenses lolallin9 £109 {2025.. £nill. 11. STAFF COSTS 2026 2025 Wages and salaries Social security Employers pension costs 644,346 59.285 13,425 816,690 43,574 16,720 717.056 876,984 The average monthly number of employees during the year was as follows.. 2026 2025 26 39 Charrtable Support 39 65 Page 28 continued...
AGE UK PORTSMOUTH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 RCH 2026 11. STAFF COSTS - continued Kèy Managomènt Personn81 The key management personnel of the charitable company comprises of the Finance Manager and Operations Manager. The total consideration paid and employee remunerats.on and benefits of the key management personnel of the charity was £51,945 12025." £108.284. This included the Chief Executive Officer and the Finance Manager). No employees received benefits exceeding £60.000 {2025'. None}. 12. COMPARATIVES FOR THE STATEMENT OF FINA14CIAL ACTIVITIES Unrestricted funds Restricted funds Total fijnds INCOME AND ENDOWMENTS FROM Donations and legacies 11.048 11,048 Charitablo activiti•s Charitable activities 778,769 222,930 1,001,699 Other trading activities Investment InMe Other income 38.852 12,436 13.238 38,852 12,436 13,238 Total 854,343 222 930 1077 273 EXPENDITURE ON Raising funds 64,259 6,996 71,255 Charitablè activitl Charitable activities 837.935 215,934 1053.869 Total 902.194 222.930 1 125.124 NET INCOMEIIEXPENDITUREI 147,8511 147,B511 RECONCILIATION OF FUNDS Total funds brought forward 1.107.744 708 1,108,452 TOTAL FUNDS CARRIED FORWARD 1.059.893 708 1 060.601 Page 29 continued...
AGE UK PORTSMOUTH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 RCH 2026 13. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold propety Plant and machinery COST Al 1 April 2025 Addrtions Disposals 642,806 12,621 119,149 1.733 Al 31 March 2026 642,806 12,621 120.882 DEPRECIATION Al 1 April 2025 Charge for year Eliminated on disposal 161.125 6.428 11,B22 799 96,400 10,859 Al 31 March 2026 167,553 12,621 107,259 NET BOOK VALUE Al 31 March 2026 475.253 Al 31 March 2025 481,681 799 22,749 Motor vehideg Computer equipment Totals COST At 1 April 2025 Additions Disposals 10,025 64,493 682 849.094 2,415 10.0251 10.025) At 31 Mah 2026 841,484 OEPRECIATION At 1 April 2025 Charge for year Eliminated on disposal 10,025 64,493 343.865 18,132 10,0251 10 025} At 31 March 2026 64,539 351,972 NET BOOK VALUE At 31 March 2026 636 489,512 Al 31 March 2025 505,229 Page 30 continued...
AGE UK PORTSMOUTH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 RCH 2026 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2025 Trade debtors Prepayments 84,647 3,701 112,124 4,839 88,348 116,963 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2026 2025 Trade ¢redrtors Social security and other taxes Other creditors Ac¢ruals and deferred income 5.748 7,972 2.982 47.528 8.723 6,849 3,369 59.897 Oeferred income comprises grants Te1Ved for future financial periods. 2026 2025 Brought forward Amount released lo incoming resources Amount deferred in year 16.563 116,5631 22.862 73.969 {73,9691 16.563 Carried forward 22.862 16,563 16. LEASING AGREEMENTS Minimum lease payments under notFcarKellable operating leases fall due as follows". 2026 2025 Wlhin one year Between one and five years 2,672 668 2,671 Page 31 continued...
AGE UK PORTSMOUTH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 RCH 2026 17. ANALYSIS OF ASSETS BETWEEN FUNDS 2026 Total nds 2025 Total funds Unreslricled funds Restricted fijnds Fixed assets Current a55ets Current liabilities 489.512 551.133 64.230 489,512 551,133 64.2301 505.229 615.289 59,8971 976,415 976.415 1,060,601 18. MOVEMENT IN FUNDS Net movement in lunds Transfers between nds At 31.3.26 At 1.4.25 Unrestricted funds General fund Designated Fund 909,893 150.000 {84,186) 708 826,415 150.000 1.059.893 184.1861 708 978,415 Rèstriclgd funds Dementia MCST 708 17081 TOTAL FUNDS 1.060.601 84.1B6) 976.415 Net movement in funds, included in the above are as follows.. IOming resources Resources expended Movement in lund$ Unr•stri¢tsd lunds General fund 687,043 1771,2291 IB4,1861 Restrictgd funds Close Enctsunlers 164,BSO 1164,8501 TOTAL FUNDS 851893 936.0791 84,1861 Page 32 continued...
AGE UK PORTSMOUTH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 RCH 2026 18. MOVEMENT IN FUNDS - continued Comparntivey for movement in fund$ Net movement in funds At 31.3.25 Al 1.4.24 Unrestricted funds General fund Desi9naled Fund 957,744 150,000 147,8511 909,893 150,000 1.107,744 147,8511 1,059,893 R•$trl¢t•d funds Dementia MCST 708 708 TOTAL FUNDS 1,108,452 47.8511 1,060,601 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrostrletsd funds General fund 854,343 1902.1941 147,8511 ReBtrlcted fundB Close Encounters Veterans Informaln Point 161,757 1161.7571 61 1731 222 930 222,930} TOTAL FUNDS 1,077,273 1,125,124) 47,8511 Page 33 continued...
AGE UK PORTSMOUTH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 RCH 2026 18. MOVEMENT IN FUNDS - continued Dèsignatèd Fund is funds that have been set aside to go towards a new CRM and time management system as well as finance migration to the Cloud. Close Encounters aims to enhance qualrty of lrfe for lonely and isolated older people wf(hin their community, and alleviate pressure on ambulance services supporting older frequents callers who have no medical need. Veterans Infomiation Point is a grant to provide veterans with infonnation and support in debt and finance and lo combat lonelines5. 19. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2026. 20. ULTIMATE CONTROLLING PARTY The charitable company 1$ not under the control of anolher entty or any one individual. Page 34