**Charity registration number 1061681**
**Company registration number 3340029 (England and Wales)**
**AGE UK HOUNSLOW (A Company Limited by Guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2024**
## **AGE UK HOUNSLOW (A Company Limited by Guarantee) LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr O Segal Mr G Reynolds Mr V Karania **Charity number** 1061681 **Company number** 3340029 **Registered office** Southville Community Centre Southville Road Feltham TW14 8AP **Website** www.ageuk.org.uk/hounslow **Auditor** Feltons 1 The Green Richmond Surrey TW9 1PL **Bankers** CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA
**AGE UK HOUNSLOW (A Company Limited by Guarantee) CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent auditor's report|5 - 7|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes to the financial statements|10 - 21|
**AGE UK HOUNSLOW (A Company Limited by Guarantee) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and "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).
## **Summary**
The content of last year’s report summarised many of the challenges faced by A UK H and detailed the services and solutions we offered in response to the situation facing everyone as we emerged from the immediate effects of COVID and lockdown. In this year, recovery and return to normality has been further hit by the cost-of-living crisis.
Our CEO’s Weekly reports have detailed our responses to these diverse, negative, factors- it has been a see saw situation. We continue to offer our telephone befriending service currently supporting 1,000+ people but to this we have added: Provision of Meals; Cupboard Food and cleaning material supply; activities at SCC (and beyond); Information and advice and companionship for people who had spent too long in isolation- returning to us having not had enough exercise increasingly less money in their pocket and decreased well-being. Sometimes our attendance figures drop- adverse COVID updates or simple inability to pay for an activity session. Alongside this we continue to receive Befriending referrals for people still anxious about social mixing or too frail to leave their house.
Tribute must be paid to our staff and volunteers who have demonstrated their commitment and flexibility towards resolving these challenges and ensuring positive things happened. Our Activity Planner (as I write in its 29[th] version!) underlines the sheer scope variety and relevance to all that we provide. [NB Activity detail has not been provided as part of this report as the current version is always accessible via our website. What is not explicit is the need for staff to move from one activity to another ensuring that they are well publicised, organised and delivered seamlessly whilst at the same time facing the constant pressures of monitoring and accountability- not only to the people we serve but to our supporters and funders.
Funding, in these times, has taken on another face. Funding bodies have become more flexible and reactive to current issues, but the majority only offer short term support- this presents a challenge to our delivery of ongoing services and our longer-term sustainability. By the end of this financial year our grant income looked better than previous years but with only 2 funders committed towards multi -year support there is increased concern. Within the above funding caveats, we have been supported by LBH and grants via A UK plus other funders for issues emerging from post COVID and Economic/ Fuel Crisis, but we do look forward to longer term financial commitment. We are often praised for our decision to create an ‘all ages’ community centre – even an Anchor Organisation in the heart of a deprived locality- but praise does need to be translated into financial support (Promises and Piecrusts etc.!). We have been disappointed by the Clinical Commissioning Group’s inability to support us- previously they funded us to conduct a wide range of research and we have gathered a considerable amount of data about people’s health conditions and developed proposals for future health related support. Frustratingly after a protracted series of discussions this has not attracted CCG interest. Nevertheless, we continue to support the strengthening of Patient Participation Groups across the 13 local GP Practices.
## **Looking forward**
At our Centre we continue to provide a wide variety of much needed programmes of support, social interaction and information and advice. In the period April – September 2022 not counting casual visitors (who often fill our dining area to capacity) we recorded 9,004 attendances. Through our Lottery funded outreach work we also increasingly offer support for activities at other mini- hubs across Feltham, Bedfont and Hanworth. We would like to extend this work across other disadvantaged and deprived areas of the Borough and ensure that we can extend Older Peoples Services in other locations. We have made some progress in this direction but with additional capacity i.e. resources we could do even more.
## **Staffing**
I have already expressed my high regard and appreciation for all that our staff and volunteers have done over the past yearA UK Hounslow would not be held in such high regard by so many people and organisations if it were not for their effortsoften above and beyond their job description and paid hours.
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## **AGE UK HOUNSLOW (A Company Limited by Guarantee) TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
Especially I would like to record special recognition for Beverley, our CEO. Beverley will be leaving us in the near future for pastures anew – this will be a great change for A UK Hounslow, and we will do everything within our powers and resources made available to us to build upon the Vision, Dedication and Skills that she has given to make it the amazing organisation it is today. Thank you, Beverley!
## **Aims and Objectives**
The Charity delivers activities in the London Borough of Hounslow to promote the relief of elderly people. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **Financial Review**
The statement of Financial Activities showed a net deficits for the year of £11,886 (2023 – £52,816) and total reserves stand at £50,702 (2023: £62,588) which shows there is positive improvement on the previous year as the charity has managed to control its costs which has resulted in reduction of deficits during the year compared to previous year. As in the current year, the trustees has taken steps to reduce the deficits further in the foreseeable future.
The principal funding sources are shown under notes 3 and 4 and comprise a mix of statutory funding, grants from charitable trusts and commercial organization's and income generated from renting out space.
## **Reserves Policy**
The Trustees consider it prudent to maintain an adequate balance of unrestricted funds to cover the Charity’s contractual commitments and ideally would like these to be at a minimum level of 3 months expenditure. As at the year end, financial statements showed total unrestricted reserves of £41,324 (2023 : £62,588) and total restricted reserves of £9,378 (2023 : £Nil). The unrestricted funds not designated or invested in tangible fixed assets held by the charity are in deficits of £1,223 (2023 - surplus £7,645).
For the purposes of short and medium term financial management, the trustees are closely monitoring the management for working capital and its position is in line with their policy of building free resources sufficient to fund ongoing unrestricted expenditure.
## **Acknowledgements**
Not forgetting my fellow trustees, thank you everyone who has contributed towards our successes, and thank you members for your trust and support for all that we try to do.
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## **AGE UK HOUNSLOW (A Company Limited by Guarantee) TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Structure, governance and management**
AGE UK Hounslow is governed by its memorandum and articles of association and constitutes a charitable company, limited by guarantee and was registered with the Charity Commission for England and Wales on 7 April 1993. Registered Charity Number: 1061681 and Registered Company Number: 3340029.
In the event of the charity being wound up, the liability of the Trustees is limited to a payment not exceeding one pound, as stated in the dissolution clause of the Memorandum and Articles of Association adopted on 25 March 1993 and amended by special resolution dated 22 October 2008. The number of Trustees shall never be less than three. The person elected as Chair to the Board may serve for three years from the date of their election and are eligible for re-election, save that the Chair may serve for a maximum of six consecutive years. None of the Trustees may receive any remuneration from the from the charity but can claim reasonable expenses.
The Trustees, who served during the year and to date, and who are also directors for the purpose of company law, were:
Malcolm Downes (resigned on 17[th] October 2024) Oliver Segal (Chair from April 2024) Grahame Reynolds Vinal Karania
All Trustees are recruited via Age UK Head Office, NCVO advertising, Age UK Hounslow advertising and website, and engagement with relevant partners. Malcolm Downes, the Chair of Trustees, along with the CEO, interview prospective candidates. A Skills Audit is performed and relevant experienced Trustees lead on specific areas of their skills. Trustee Induction takes place. Trustee Job Specifications are provided to each Trustee. Chair of Trustees convenes each meeting. Trustees hold regular full Board Meetings with quorum present, minutes taken and actions dictated and followed up. Sub Groups are formed as required reporting to the Full Board. All salary decisions are made by the Board of Trustees. Key Management Salary decisions taken on board with information from Age UK, other VS organisations and market trends. Salaries are reviewed annually.
## **Risk Management**
The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
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## **AGE UK HOUNSLOW (A Company Limited by Guarantee) TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Statement of Trustees' responsibilities**
The Trustees, who are also the directors of Age UK Hounslow for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Disclosure of information to auditor**
Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.
## **Auditor**
In accordance with the company's articles, a resolution proposing that Feltons, Chartered Accountants & Statutory Auditor be reappointed as auditor of the company will be put at a General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The Trustees' report was approved by the Board of Trustees.
## **Mr O Segal**
Dated: 22 May 2025
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## **AGE UK HOUNSLOW (A Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT**
## **TO THE TRUSTEES OF AGE UK HOUNSLOW**
## **Opinion**
We have audited the financial statements of Age UK Hounslow (the ‘Charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and the 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, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the Charity 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 directors’ 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 entity'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 directors with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 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 course of 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.
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## **AGE UK HOUNSLOW (A Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT (CONTINUED)**
## **TO THE TRUSTEES OF AGE UK HOUNSLOW**
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of our audit:
- the information given in the Trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and
- the directors' report included within the Trustees' report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the Trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a strategic report.
## **Responsibilities of Trustees**
As explained more fully in the trustees’ responsibilities statement set out on page 8, 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.
## **Auditor's 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 an auditor's report 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.
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**AGE UK HOUNSLOW (A Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT (CONTINUED)**
## **TO THE TRUSTEES OF AGE UK HOUNSLOW**
## **The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:**
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We discussed with the Directors the policies and procedures in place regarding compliance with laws and regulations. We discussed amongst the audit team the identified laws and regulations, and remained alert to any indications of noncompliance.
During the audit we focussed on laws and regulations which could reasonably be expected to give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, UK tax legislation, Charity Act 2011, SORP 2019. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management.
Our procedures in relation to fraud included but were not limited to: inquires of management whether they have any knowledge of any actual, suspected or alleged fraud, and discussions amongst the audit team regarding risk of fraud such as opportunities for fraudulent manipulation of financial statements. We determined that the principal risks related to posting manual journal entries to manipulate financial performance and management bias through judgements in accounting estimates. We also addressed the risk of management override of internal controls, including testing journals and appropriateness of other entries in the nominal ledger; reviewing transactions around the end of the reporting period; and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
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.
## **Use of our report**
This report is made solely to the 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 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 company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
**Richard Rhodes (Senior Statutory Auditor)** Dated: **for and on behalf of Feltons** 1 The Green **Chartered Accountants** Richmond **Statutory Auditor** Surrey TW9 1PL
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## **AGE UK HOUNSLOW (A Company Limited by Guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**Notes**
**£**
**£**
**Income from:**
Income from charitable activities
**4**
102,227
232,047
Other trading activities
**3**
69,467
-
**Total income**
171,694
232,047
**Expenditure on:**
Charitable activities
**5**
181,410
234,217
**Net outgoing resources before transfers**
(9,716)
(2,170)
Gross transfers between funds
(11,548)
11,548
**Net (expenditure)/income for the year/**
**Net movement in funds**
(21,264)
9,378
Fund balances at 1 April 2023
62,588
-
**Fund balances at 31 March 2024**
41,324
9,378|**Total**
**Total**
**2024**
**2023**
**£**
**£**
**Restated**
334,274
361,379
69,467
35,415
403,741
396,794
415,627
449,610
(11,886)
(52,816)
-
-
(11,886)
(52,816)
62,588
115,404
50,702
62,588|**Total**
**Total**
**2024**
**2023**
**£**
**£**
**Restated**
334,274
361,379
69,467
35,415
403,741
396,794
415,627
449,610
(11,886)
(52,816)
-
-
(11,886)
(52,816)
62,588
115,404
50,702
62,588|
|---|---|---|
|||396,794|
|||449,610|
|||(52,816)
-|
|||(52,816)
115,404|
|||62,588|
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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## **AGE UK HOUNSLOW (A Company Limited by Guarantee) BALANCE SHEET**
## _**AS AT 31 MARCH 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**9**
**Current assets**
Debtors
**10**
Cash at bank and in hand
**Creditors: amounts falling due within one**
**year**
**11**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**16**
Unrestricted funds|**2024**
**£**
53,643
32,625
86,268
(78,113)|**2023**
**£**
**£**
**£**
**Restated**
42,547
54,943
64,180
96,615
160,795
(153,150)
8,155
7,645
50,702
62,588
9,378
-
41,324
62,588
50,702
62,588|**2023**
**£**
**£**
**£**
**Restated**
42,547
54,943
64,180
96,615
160,795
(153,150)
8,155
7,645
50,702
62,588
9,378
-
41,324
62,588
50,702
62,588|
|---|---|---|---|
||||62,588|
||||-
62,588|
||||62,588|
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved by the board of Trustees and authorised for issue on 22 May 2025 and are signed on its behalf by:
Mr O Segal **Chair of Board of Trustees**
## **Company Registration No. 3340029**
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**AGE UK HOUNSLOW (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS**
_**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **Charity information**
Age UK Hounslow is a charitable company limited by guarantee incorporated in England and Wales. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per trustee member. The address of the registered office is given on the legal and administrative information page. The nature of the charity's operations and principal activities are to provide useful services, information and advice, support and activities to older people.
## **1.1 Accounting convention**
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Generally Accepted Accounting Practice as it applies from 1 January 2019. The Charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. This is despite a difficulties in past few years and the utilisation of significant reserves to continue to provide the ongoing charitable activities. The charitable company has incurred a deficit of £11,886 for the year. Funding for the year 24/25 remains uncertain but the trustees are optimistic that position will improve because of the reasons documented below.
Based on previous years, the Charity has regularly secured around £161k every year and this year trustees are confident to receive a similar amount from various funders including LBH and the funding from Reaching Communities to support our Outreach in this area (Approx £130,000 over the next 2 years ) is a major factor in us retaining this position and receiving additional support from the Council. We are already in discussion with them about extending this Outreach to the other less advantaged areas of Hounslow.
As there are current uncertainties surrounding levels of central government funding for Local Authorities, our part time fundraiser actively engage to improve our funding income. We are confident that the approach of embracing the need for collaborative bids and receiving additional ongoing advice and support from other bodies will put us in a good position for foreseeable future and significantly address the ongoing challenges of the Cost of Living faced by our beneficiaries and partner organisations offering support.
As auditors, we examined the after year end receipts and the future cash flows of the charity and after discussion with the Trustees they are of opinion that the charity's financial statements to be prepared on a going concern basis.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
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**AGE UK HOUNSLOW (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.4 Income**
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is more likely than not that income will be received. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is more likely than not. If the amount is not known, the legacy is treated as a contingent asset.
Assets for distribution are recognised only when distributed. Assets given for use by the Charity are recognised when receivable. Stocks of undistributed donated goods are not valued for balance sheet purposes.
## **1.5 Expenditure**
Expenditure is accounted for on an accruals basis, inclusive of VAT which cannot be recovered. Charitable Activities includes those costs which meet the objectives of the charitable company by relating directly to the advancement, support and education of religious and charitable groups. Governance costs are those incurred in meeting the statutory requirements of running the charitable company.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment 4 years Straight Line Fixtures and fittings 10 years Straight Line Computers and equipment 3 years Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Debtors & Prepayments**
Debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
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**AGE UK HOUNSLOW (A Company Limited by Guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.9 Taxation**
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes
## **1.10 Liabilities**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **1.11 Financial Instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.12 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **1.13 Operating Leases**
All leases are operating leases, and rentals are charged to the Statement of Financial Activities on a straight-line basis over the lease duration. No assets are held under hire purchase agreements.
## **1.14 Pension costs**
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.
- 12 -
**AGE UK HOUNSLOW (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **2 Critical accounting estimates and judgements**
In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, be definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying a mounts of assets and liabilities within the next financial year are addressed below.
## (i) Useful economic lives of tangible assets
The annual depreciation charge for tangible assets are sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Other trading activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Non-charitable trading activities|51,596|26,269|
|Fundraising events|17,871|9,146|
|Other trading activities|69,467|35,415|
- 13 -
**AGE UK HOUNSLOW (A Company Limited by Guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **4 Income from charitable activities**
|Grants - Hounslow Council
Clients Activities
Other Grants
Analysis by fund
Unrestricted funds
Restricted funds
**5**
**Charitable activities**
Staff costs
Depreciation
Expenditure on client activities
Printing, Postage & Stationery
IT & Telephone
Accounting & Professional fees
Insurance
Misc Expenses
Food distribution expense
Bank Charges
Auditor's remuneration
Auditor's remuneration for non audit services
Staff welfare
Repairs and renewals
Legal and professional fees
Rent and rates on main building
Analysis by fund
Unrestricted funds
Restricted funds|**2024**
**2023**
**£**
**£**
**Restated**
70,000
70,000
83,491
102,686
180,783
188,693
334,274
361,379
102,227
136,004
232,047
225,375
334,274
361,379
**Total**
**Total**
**2024**
**2023**
**£**
**£**
**Restated**
250,564
292,964
15,085
14,778
73,452
74,619
5,097
9,925
5,388
4,878
10,140
7,778
1,534
1,319
895
1,016
9,364
-
200
110
7,440
6,672
1,800
3,068
1,883
-
2,278
3,553
808
2,638
29,699
26,292
415,627
449,610
181,410
224,235
234,217
225,375
415,627
449,610|**2024**
**2023**
**£**
**£**
**Restated**
70,000
70,000
83,491
102,686
180,783
188,693
334,274
361,379
102,227
136,004
232,047
225,375
334,274
361,379
**Total**
**Total**
**2024**
**2023**
**£**
**£**
**Restated**
250,564
292,964
15,085
14,778
73,452
74,619
5,097
9,925
5,388
4,878
10,140
7,778
1,534
1,319
895
1,016
9,364
-
200
110
7,440
6,672
1,800
3,068
1,883
-
2,278
3,553
808
2,638
29,699
26,292
415,627
449,610
181,410
224,235
234,217
225,375
415,627
449,610|
|---|---|---|
|||449,610|
|||224,235
225,375|
|||449,610|
- 14 -
## **AGE UK HOUNSLOW (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**6**|**Net movement in funds**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the audit of the charity's financial statements|7,440|6,672|
||Depreciation of owned tangible fixed assets|15,085|14,778|
## **7 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
## **8 Employees**
## **Number of employees**
The average monthly number employees during the year was:
|Day Care and Development Project Services
Management and Administration
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**Number**
2
8
10
**2024**
**£**
229,351
14,680
6,533
250,564|**2023**
**Number**
2
9|
|---|---|---|
|||11|
|||**2023**
**£**
266,134
19,941
6,889|
|||292,964|
There were no employees whose annual remuneration was more than £60,000 (2023 - none).
The key management personnel of the charity comprise the Chief Officer. The total employee benefits (including employer national insurance and employer pension) of the key management personnel of the charity were £95,683 (2023: £100,834).
- 15 -
## **AGE UK HOUNSLOW (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**9**
**Tangible fixed assets**
**Plant and**
**equipment**
**Fixtures and**
**fittings**
**Computer**
**equipment**
**£**
**£**
**£**
**Cost**
At 1 April 2023
4,961
106,178
37,969
Additions
-
1,593
1,096
Disposals
-
-
(240)
At 31 March 2024
4,961
107,771
38,825
**Depreciation and impairment**
At 1 April 2023
4,510
58,714
30,941
Depreciation charged in the year
330
10,213
4,542
Eliminated in respect of disposals
-
-
(240)
At 31 March 2024
4,840
68,927
35,243
**Carrying amount**
At 31 March 2024
121
38,844
3,582
At 31 March 2023
451
47,464
7,028
**10**
**Debtors**
**2024**
**Amounts falling due within one year:**
**£**
Trade debtors
22,064
Prepayments and accrued income
31,579
53,643
**11**
**Creditors: amounts falling due within one year**
**2024**
**£**
Deferred Income (Note 12)
15,838
Trade creditors
21,475
Other creditors
31,800
Accruals
9,000
78,113|**Total**
**£**
149,108
2,689
(240)
151,557
94,165
15,085
(240)
109,010
42,547
54,943
**2023**
**£**
18,475
45,705
64,180
**2023**
**£**
21,163
14,462
109,185
8,340
153,150|
|---|---|
- 16 -
## **AGE UK HOUNSLOW (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **12 Deferred income**
|**Deferred income**||
|---|---|
|**2024**
**£**
Other deferred income
15,838
Deferred income is included in the financial statements as follows:
**2024**
**£**
Deferred income is included within:
Current liabilities
15,838
Movements in the year:
Deferred income at 1 April 2023
21,163
Released from previous periods
(184,729)
Resources deferred in the year
179,404
Deferred income at 31 March 2024
15,838|**2023**
**£**
21,163|
||**2023**
**£**
21,163|
||36,065
(36,065
21,163|
||21,163|
The deferred income relates to income received this year for services not yet carried out.
## **13 Pension**
The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £1,079 (2023 - £1,684). Contributions totalling £(2023 - £6,889) were payable to the fund at the balance sheet date and are included in other creditors. All pension costs are allocated against unrestricted funds.
## **14 Retirement benefit schemes**
|**14**|**Retirement benefit schemes**|||
|---|---|---|---|
|||**2024**|**2023**|
||**Defined contribution schemes**|**£**|**£**|
||Charge to profit or loss in respect of defined contribution schemes|6,533|6,889|
|**15**|**Operating lease commitments**|||
||The amounts payable in the forthcoming year in respect of operating leases relating to rent is shown below,||analysed|
||according to the expiry date of the leases|||
|Within one year
Within two and five years|**2024**
**£**
12,000
30,000
42,000|**2023**
**£**
32,000
42,000|
|---|---|---|
|||74,000|
- 17 -
## **AGE UK HOUNSLOW**
**(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **16 Movement of funds**
|**Movement in funds**
**Restricted funds**
**Balance at**
**1 April 2022**
**Income**
**Expenditure**
**Transfers**
**Balance at**
**1 April 2023**
**£**
**£**
**£**
**£**
**£**
**Restated**
**Restated**
**Restated**
**Restated**
London Borough of Hounslow
96,440
101,210
(101,210)
(96,440)
-
Vintage Club
143,217
70,000
(70,000)
(143,217)
-
Other Restricted Grants
47,453
750
(750)
(47,453)
-
AGE Uk Cost of Living
-
-
-
-
-
Reaching Communities Big Lottery
-
46,953
(46,953)
-
-
Emanule HSP Fund
-
6,462
(6,462)
-
-
287,110
225,375
(225,375)
(287,110)
-
**Unrestricted funds**
(171,706)
171,419
(224,235)
287,110
62,588
**Total**
115,404
396,794
(449,610)
-
62,588|**Movement in funds**
**Income**
**Expenditure**
**Transfers**
**Balance at**
**31 March 2024**
**£**
**£**
**£**
**£**
71,654
(71,654)
-
-
70,000
(70,000)
-
-
2,065
(2,065)
-
-
39,444
(39,444)
-
-
36,380
(47,928)
11,548
-
12,504
(3,126)
-
9,378
232,047
(234,217)
11,548
9,378
171,694
(181,410)
(11,548)
41,324
403,741
(415,627)
-
50,702|**Movement in funds**
**Income**
**Expenditure**
**Transfers**
**Balance at**
**31 March 2024**
**£**
**£**
**£**
**£**
71,654
(71,654)
-
-
70,000
(70,000)
-
-
2,065
(2,065)
-
-
39,444
(39,444)
-
-
36,380
(47,928)
11,548
-
12,504
(3,126)
-
9,378
232,047
(234,217)
11,548
9,378
171,694
(181,410)
(11,548)
41,324
403,741
(415,627)
-
50,702|
|---|---|---|
|||9,378|
|||41,324|
|||50,702|
- 18 -
## **AGE UK HOUNSLOW**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **16 Movement of funds**
**(Continued)**
**London Borough of Hounslow** supports Age UK Hounslow is various different projects. The purpose of these grants are for a day service, dementia care and more recently, refurbishment of our new premises, Telephone Befriending, Emergency packs
**Vintage Club** - The Vintage Club inside the SCC building. The purpose of this grant is to cover Vintage Club costs such as staff working as support worker and Vintage manager. This also covers costs of mini bus provision.
**Other** - Other grants include grants from providers such as Tesco, Morrisons, Euroclear and various other providers which support Age UK Hounslow. These grants are restricted for specific purposes or projects, which is determined by the provider.
**Reaching Communities Big Lottery -** The purpose of the grant is to cover costs of community engagement officer.
**AGE UK Cost of Living -** The purpose of the grant is to fund towards food and cleaning, consumables, activity costs, transport and management fees.
**Emanule HSP Fund -** grant was awarded by the historic Emanuel Hospital charity and will help aid thousands of older people struggling with the cost-of-living crisis. This has used to offer information and advice sessions on topics such as claiming benefits, saving energy, eating well on a budget and avoiding scams.
**Transfer of opening funds -** the opening funds were fully spent on staff costs, food, transport, and day care services in the previous year. Therefore they were transferred to unrestricted funds. Refer note 20 for more detail.
- 19 -
**AGE UK HOUNSLOW (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**17**
**Analysis of net assets between funds**
**General Funds**
**Restricted**
**Funds**
**2024**
**2024**
**£**
**£**
Fund balances at 31
March 2024 are
represented by:
Tangible assets
42,547
-
Net current assets
(1,223)
9,378
41,324
9,378|**Total General Funds**
**Restricted**
**Funds**
**Total**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
**Restated**
**Restated**
**Restated**
42,547
54,943
-
54,943
8,155
7,645
7,645
50,702
62,588
-
62,588|**Total General Funds**
**Restricted**
**Funds**
**Total**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
**Restated**
**Restated**
**Restated**
42,547
54,943
-
54,943
8,155
7,645
7,645
50,702
62,588
-
62,588|
|---|---|---|
|||62,588|
## **18 Related party transactions**
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the charity at 31 March 2024.
## **19 Share capital**
The charity is constituted as a company limited by guarantee and does not have a share capital divided by shares.
- 20 -
**AGE UK HOUNSLOW (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **20 Prior year adjustments**
During the year, the Trustees identified that expenditure relating to restricted grants had, in previous years, been incorrectly allocated to unrestricted funds. All restricted grant income had, in fact, been fully expended in accordance with donor intentions—specifically on staff costs, food, transport, and day care services.
As a result, the opening balance of restricted funds as at 1 April 2022, amounting to £287,110, has been reclassified to unrestricted funds, reflecting that the funds were already utilised for their intended purposes.
The financial statements for the year ended 31 March 2023 have been restated to reflect this correction. This restatement affects the comparative figures presented in the Statement of Financial Activities (SOFA) and in Note 13 – Movement in Funds for the year ended 31 March 2023.
It is important to note that this adjustment has no impact on the overall financial position as reported in the balance sheet as at 31 March 2023.
The restated comparative Statement of Financial Activities for the year ended 31 March 2023 is presented below.
|**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2023**
**As Restated**
**Notes**
**£**
**£**
**£**
**Income from:**
Income from charitable activities
**4**
136,004
225,375
361,379
Other trading activities
**3**
35,415
-
35,415
**Total income**
171,419
225,375
396,794
**Expenditure on:**
Charitable activities
224,235
225,375
449,610
**Total expenditure**
224,235
225,375
449,610
**Net (expenditure)/income for the**
**year/**
(52,816)
-
(52,816)
**Net movement in funds**
287,110
(287,110)
-
Fund Balance at 1 st April 2022
(171,706)
287,110
115,404
**Fund Balance at 31st March 2023**
62,588
-
62,588|**Total**
**2022**
**£**
337,266
17,744|
|---|---|
||355,010|
||333,357|
||333,357|
||21,653
-
93,751|
||115,404|
## **21 Ultimate Controlling Party**
The charity was under the control of Board of Trustees throughout the year.
- 21 -