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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 03344224 (England and Wales) REGISTERED CHARITY NUMBER: 1062723

Age UK Maidstone, Sevenoaks and Tonbridge (A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS OR THE YEAR ENDED 31 MARCH 2024

Age UK Maidstone,Sevenoaks and Tonbridge

Contents of the Financial Statements for the year ended 31 March 2024

Page
Chairman's and CEO Report 1
Report of the Trustees 2 to 5
Report of the Independent Auditors 6 to 8
Statement of Financial Activities 9
Statement of Financial Position 10
Statement of Cash Flows 11
Notes to the Statement of Cash Flows 12
Notes to the Financial Statements 14 to 21

Age UK Maidstone,Sevenoaks and Tonbridge

Chairman's and CEO Report for the year ended 31 March 2024

The financial year 2023/24 was a historic period for the charity.

In August 2023 the charities AUKM and AUKST merged to create a single charity in West Kent as AUKMST. The merger followed a period of working closely together and in partnership between the two charities.

The merger provides a great opportunity for future growth, sustainability, financial strength for the charity, to provide better and enhanced services for communities we serve and work with.

The merger will have many challenges for the charity, managers, staff and volunteers and it will lead to a period of on-going change as we look at the integration of services, back office operations and how we look to grow the services to our communities.

A big thank to the board(s) for supporting the merger, the CEO, the managers, staff and volunteers for working with us on a successful merger and helping us with the post integration process. Following the merger the charity is in better position to face the challenges of the external market, face the financial challenges facing the charity sector and changes needs to our communities.

J Kuller L MacPherson

Mr J Kuller (Chair) and Louise MacPherson (CEO)

Page 1

Age UK Maidstone,Sevenoaks and Tonbridge

Report of the Trustees for the year ended 31 March 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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).

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Age UK Maidstone is a non political, non sectarian voluntary body with charitable status working with statutory and other voluntary organisations to promote the welfare of elderly people in any manner which now, or hereafter, may be deemed by the law to be charitable, within the Borough of Maidstone and Kent.

Our priorities are laid out in our Mission statement:

Our Mission

The provision of Health, Wellbeing and Support to older people working across Kent with similar minded charities

We believe:

Our objectives are:

When clients need more specialist care than we can provide, we refer them on to other agencies working to secure the support they need. To provide the best services to help older to have full and active lives.

Public benefit

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

Volunteers

Many volunteers organisations have helped and assisted AUKM - Kent Fire and Rescue, The Rotary Club, National Lottery.

Trustees would like to thank all our volunteers for their loyalty to the clients whom we are here to support. We would like to thank the following organisations, which have supported us during the year by providing us with services free of charge or at a reduced rate:

Clarion housing West Kent housing Maidstone Community Support Centre Sevenoaks Town Council Sevenoaks District Council Tonbridge and Malling Council Involve Kent Kent Community Foundation

Page 2

Age UK Maidstone,Sevenoaks and Tonbridge

Report of the Trustees for the year ended 31 March 2024

STRATEGIC REPORT Financial position

Financial Review of the Year

Our Income and Expenditure Statement shows a surplus for the financial year amounting to £ 280,706 (2022/23 Deficit £16,757) however this includes income as a result of the merger with AGEUK Sevenoaks of £571,476.

Income received without the merger income was totaled £ 1,264,913 (2022/23: £768,877).

Reserves policy

Consolidated funds now stand at £ 1,201,791 (2022/23: £921,085 ) but of these £ 72,993 is restricted and £181,669 designated to special areas of expenditure see Note 19 to the Financial Statements. Our consolidated funds are sufficient to fund all of our activities for 6 months. The trustees’ reserves policy, in respect of both the restricted and unrestricted funds, is to maintain these so that they are sufficient to complete an orderly closure of operations should funding cease.

Principal risks and uncertainties

The Trustees have identified the following as being major risks:

Financial and risk management objectives and policies

The trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. To this end, the Charity maintains a risk register.

The trustees have assessed the major risks to which the Charity is exposed, in particular those related to operations and finances of the Charity and are satisfied that systems and controls are in place to mitigate exposure to the major risks. As part of the process, the trustees review:

A detailed budget and cash flow forecast which are updated regularly, taking account of variances in income and expenditure.

Quarterly management accounts although they have also been receiving regular financial updates.

The trustees meet several times per year to review the general financial position of the Charity. The trustees have reviewed the Charity's own internal financial controls and are satisfied that these are appropriate in minimising any risk to the Charity's funds.

Page 3

Age UK Maidstone,Sevenoaks and Tonbridge

Report of the Trustees for the year ended 31 March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Age UK Maidstone is a Charitable company limited by guarantee which was incorporated on 2 April 1997 as Age Concern Maidstone. The Charity is registered with the Charity Commission and governed by its Memorandum and Articles of Association and the Constitution. Directors and Trustees receive no remuneration for their work on behalf of the charity.

On 29th February 2012 the charity changed its name to Age UK Maidstone as a company limited by guarantee as the successor to Age Concern Maidstone. The members present at the charities Annual General meeting on 6th October 2011 had voted in favour of the name change on the recommendation of the Directors.

Our Trustees have traditionally been recruited by word of mouth, personal recommendation and via the local Volunteer Bureau. We have been fortunate that the mix of expertise has been sufficient to enable the Trustees to make informed decisions. All new Trustees are given an induction pack which includes a copy of "The Essential Trustee" published by the Charity Commission. They are also assigned an existing Trustee as their mentor and given the opportunity to visit all the various activities of the Charity.

As part of our commitment to quality in the services we provide we are registered with the Care Quality Commission. We applied for ISO 9001 on the 7th February 2014 and were registered on the 20th February 2014 for the provision of social opportunities and outreach services to older people. We are inspected annually on our compliance with our ISO 9001:2015 standard. We were inspected in November 2017 and are reregistered for another three years subject to annual reviews.

As a brand partner of Age UK we received support from the national charity through the brand partner payments as a grant, fact sheets, policy responses to Government initiatives and support for campaigning on issues that affect older people.

Any decisions that may affect existing policies, or the agreeing of new policies or procedures, are made by the Board after receiving recommendation from the Board's various sub committees. These are formed to advise the Board on Finance and Business Planning, Care and Personnel. The Board also ask the Chief Executive Officer to attend the Board and its sub committees in an advisory role.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

03344224 (England and Wales)

Registered Charity number

1062723

Registered office

Unit 1 and 2 Dairy Farm Fairview Farm Linton Road Maidstone Kent ME15 0AL

Trustees

J Kuller H R Consultant K Barnes Fundraising Manager (resigned 14/4/2024)

M McKay Retired M J Redondo Gonzalez A J Clark (appointed 30/4/2024) J R Latherton (appointed 30/4/2024) D I Townsend (appointed 30/4/2024) B K Vanns (appointed 30/4/2024)

Company Secretary

L H MacPherson

Page 4

Age UK Maidstone,Sevenoaks and Tonbridge

Report of the Trustees for the year ended 31 March 2024

REFERENCE AND ADMINISTRATIVE DETAILS Auditors

Porritt Rainey The Crown Business Centre 10 High Street Otford Sevenoaks Kent TN14 5PQ

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Age UK Maidstone,Sevenoaks and Tonbridge for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

J Kuller

........................................................................ J Kuller - Trustee

Page 5

Report of the Independent Auditors to the Trustees of Age UK Maidstone,Sevenoaks and Tonbridge

Opinion

We have audited the financial statements of Age UK Maidstone,Sevenoaks and Tonbridge (the 'charitable company') 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 notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 6

Report of the Independent Auditors to the Trustees of Age UK Maidstone,Sevenoaks and Tonbridge

Responsibilities of trustees

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

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

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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

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

Based on our understanding of the Charity and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to registered charities, and we considered the extent to which non-compliance might have a material effect on the financialstatements. We also considered those laws and regulations that have a direct impact on thepreparation of the financial statements such as the Charities Act 2011 and other factors such astaxation.

We evaluated management¡¦s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to manual accounting journals. Audit procedures performed by the engagement team included:

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

Page 7

Report of the Independent Auditors to the Trustees of Age UK Maidstone,Sevenoaks and Tonbridge

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Alan R E Peal

for and on behalf of Porritt Rainey Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 The Crown Business Centre 10 High Street Otford Sevenoaks Kent TN14 5PQ

Date: 30 March 2025

Page 8

Age UK Maidstone,Sevenoaks and Tonbridge

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 March 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Daycare
Bathing Service
Independent Living Service
Footcare
Dementia Centre
Transport Service
Meals on wheels service
Take Home and Settle
Peers Support
COGS
Pop in Cafe
Investment income
3
Other income
5
Total
EXPENDITURE ON
Charitable activities
6
Daycare
Bathing Service
Advice and Information
Independent Living Service
Footcare
Befriending
Advocacy
Dementia Centre
Transport Service
Meals on wheels service
Take Home and Settle
Peers Support
COGS
Pop in Cafe
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
91,088
214,309
14,355
446,845
79,366
106,583
33,498
107,586
78,944
570
8,492
44,539
6,091
554,692
1,786,958
215,388
36,953
26,749
568,115
89,890
20,536
22,287
122,078
110,338
164,278
22,919
16,918
30,790
67,848
1,515,087
271,871
856,925
1,128,796		 Restricted
funds
£
5,741
26,906
-
-
-
-
-
-
-
-
-
-
-
16,784
49,431
38,996
80
120
640
160
60
100
200
40
160
-
20
20
-
40,596
8,835
64,160
72,995		 2024
Total
funds
£
96,829
241,215
14,355
446,845
79,366
106,583
33,498
107,586
78,944
570
8,492
44,539
6,091
571,476
1,836,389
254,384
37,033
26,869
568,755
90,050
20,596
22,387
122,278
110,378
164,438
22,919
16,938
30,810
67,848
1,555,683
280,706
921,085
**1,201,791 **		 2023
Total
funds
£
5,327
169,351
23,968
265,669
52,398
69,527
27,764
79,789
70,677
2,216
-
-
-
2,191
768,877
142,459
35,548
-
265,167
52,413
-
-
66,153
55,082
100,447
67,979
386
-
-
785,634
(16,757)
937,842
921,085

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 9

Age UK Maidstone,Sevenoaks and Tonbridge

Statement of Financial Position 31 March 2024

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Stocks
13
Debtors
14
Investments
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
PROVISIONS FOR LIABILITIES
18
NET ASSETS
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
202,251
1,554
148,653
107,819
891,073
1,149,099
(197,552)
951,547
1,153,798
(25,000)
1,128,798		 Restricted
funds
£
769
-
-
-
81,248
81,248
(9,024)
72,224
72,993
-
72,993		 2024
Total
funds
£
203,020
1,554
148,653
107,819
972,321
1,230,347
(206,576)
1,023,771
1,226,791
(25,000)
1,201,791
1,128,798
72,993
**1,201,791 **		 2023
Total
funds
£
207,593
-
42,472
-
738,245
780,717
(67,225)
713,492
921,085
-
921,085
856,925
64,160
921,085

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

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

............................................. J Kuller - Trustee

The notes form part of these financial statements

Page 10

Age UK Maidstone,Sevenoaks and Tonbridge

Statement of Cash Flows for the year ended 31 March 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of intangible fixed assets
Purchase of tangible fixed assets
Net cash provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2024
£
347,211
347,211
5,316
(5,316)
-
347,211
738,245
972,321		 2023
£
(6,404)
(6,404)
-
-
-
(6,404)
744,649
738,245

The notes form part of these financial statements

Page 11

Age UK Maidstone,Sevenoaks and Tonbridge

Notes to the Statement of Cash Flows for the year ended 31 March 2024

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

2.

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Provisions
Increase in stocks
Increase in debtors
Increase in creditors
Net cash provided by/(used in) operations
ANALYSIS OF CHANGES IN NET FUNDS		 2024
£
280,706
9,889
25,000
(1,554)
(106,181)
139,351
347,211		 2023
£
(16,757)
16,500
-
-
(24,654)
18,507
(6,404)
Net cash
Cash at bank and in hand
Liquid resources
Deposits included in cash
Current asset investments
Total		 At 1/4/23
£
738,245
738,245
-
-
-
738,245		 Cash flow
£
234,076
234,076
-
107,819
107,819
341,895		 At 31/3/24
£
972,321
972,321
-
107,819
107,819
1,080,140

The notes form part of these financial statements

Page 12

Age UK Maidstone,Sevenoaks and Tonbridge

Notes to the Financial Statements for the year ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

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

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Allocation and apportionment of costs

The cost of overall direction and administration on each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity:

Daycare 20%
Bathing Service 4%
Advice and Information 6%
Independent Living Service 32%
Footcare 8%
Befriending 3%
Advocacy 5%
Dementia Service 10%
Meals Service 8%
Peers Support 1%
COGS 1%

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property - 2% on cost
Plant and machinery - 15% on cost
Office Equipment - 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Fund accounting

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

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

Page 14

continued...

Age UK Maidstone,Sevenoaks and Tonbridge

Notes to the Financial Statements - continued for the year ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the Statement of Financial Position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

2. DONATIONS AND LEGACIES

3.

4.

Donations
AGEUK Partner Income
INVESTMENT INCOME
Deposit account interest
INCOME FROM CHARITABLE ACTIVITIES
Activity
Client Contributions
Daycare
Grants
Daycare
Client Contributions
Bathing Service
Client Contributions
Independent Living Service
Client Contributions
Footcare
Client Contributions
Dementia Centre
Grants
Dementia Centre
Client Contributions
Transport Service
Grants
Transport Service
Client Contributions
Meals on wheels service
Grants
Meals on wheels service
Client Contributions
Take Home and Settle
Client Contributions
Peers Support
Grants
Peers Support
Client Contributions
COGS
Client Contributions
Pop in Cafe
Grants
Pop in Cafe		 2024
£
70,996
25,833
96,829
2024
£
6,091
2024
£
189,292
51,923
14,355
446,845
79,366
82,248
24,335
33,498
-
96,119
11,467
78,944
570
-
8,492
38,953
5,586
1,161,993		 2023
£
5,327
-
5,327
2023
£
-
2023
£
60,782
108,569
23,968
265,669
52,398
41,181
28,346
26,764
1,000
79,789
-
70,677
652
1,564
-
-
-
761,359

Page 15

continued...

Age UK Maidstone,Sevenoaks and Tonbridge

Notes to the Financial Statements - continued for the year ended 31 March 2024

4. INCOME FROM CHARITABLE ACTIVITIES - continued

Grants received, included in the above, are as follows:

Local Authorty
Lottery
Maidstone Bourough
Age UK
Other Grants
Involve
Age UK Hernbay
Sevenoaks DC		 2024
£
-
8,087
2,719
14,334
47,071
-
27,446
9,952
109,609		 2023
£
4,500
65,022
-
38,547
-
500
30,910
-
139,479

5. OTHER INCOME

Asset Transfer as a result of the merger of Age UK sevenoaks and Tonbridge with Age UK Maidstone.

6. CHARITABLE ACTIVITIES COSTS

Daycare
Bathing Service
Advice and Information
Independent Living Service
Footcare
Befriending
Advocacy
Dementia Centre
Transport Service
Meals on wheels service
Take Home and Settle
Peers Support
COGS
Pop in Cafe		 Direct
Costs
£
164,371
19,120
-
425,456
54,226
7,161
-
77,497
101,423
128,614
22,919
12,460
26,331
67,848
1,107,426		 Grant
funding of
activities
(see note
7)
£
450
-
-
-
-
-
-
-
-
-
-
-
-
-
450		 Support
costs (see
note 8)
£
89,563
17,913
26,869
143,299
35,824
13,435
22,387
44,781
8,955
35,824
-
4,478
4,479
-
**447,807 **		 Totals
£
254,384
37,033
26,869
568,755
90,050
20,596
22,387
122,278
110,378
164,438
22,919
16,938
30,810
67,848
1,555,683

7. GRANTS PAYABLE

GRANTS PAYABLE
2024 2023
£ £
Daycare 450 -
The total grants paid to institutions during the year was as follows:
2024 2023
£ £
Lunch Clubs 450 -

Page 16

continued...

Age UK Maidstone,Sevenoaks and Tonbridge

Notes to the Financial Statements - continued for the year ended 31 March 2024

8. SUPPORT COSTS

Management
£
Daycare
79,150
Bathing Service
15,831
Advice and Information
23,745
Independent Living Service
126,636
Footcare
31,658
Befriending
11,872
Advocacy
19,784
Dementia Centre
39,574
Transport Service
7,914
Meals on wheels service
31,658
Peers Support
3,957
COGS
3,957
395,736
Activity
Basis of allocation
Management
staff activity
Finance
staff activity
Governance costs
staff activity		 Governance
Finance
costs
£
£
2,186
8,227
437
1,645
655
2,469
3,495
13,168
874
3,292
328
1,235
546
2,057
1,092
4,115
218
823
874
3,292
109
412
109
413
10,923
41,148		 Totals
£
89,563
17,913
26,869
143,299
35,824
13,435
22,387
44,781
8,955
35,824
4,478
4,479
447,807

9. NET INCOME/(EXPENDITURE)

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

Auditors remuneration
Depreciation - owned assets
Other operating leases		 2024
£
10,400
9,890
45,530		 2023
£
5,040
16,500
26,112

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

11. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2024
£
979,912
45,840
23,304
1,049,056		 2023
£
468,124
21,489
4,629
494,242

Page 17

continued...

Age UK Maidstone,Sevenoaks and Tonbridge

Notes to the Financial Statements - continued for the year ended 31 March 2024

11. STAFF COSTS - continued

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

Admin and Management
Daycare
Independent Living Service
Other Services		 2024
8
44
50
5
**107 **		 2023
6
8
45
-
59

The Emoluments of the Chief Executive was £ 67,500 which was shared with another Age UK charity for Part of the year.

12. TANGIBLE FIXED ASSETS

Freehold
property
£
COST
At 1 April 2023
291,860
Additions
-
At 31 March 2024
291,860
DEPRECIATION
At 1 April 2023
91,707
Charge for year
5,638
At 31 March 2024
97,345
NET BOOK VALUE
At 31 March 2024
194,515
At 31 March 2023
200,153
13.
STOCKS
Stocks
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Provision for bad debts
ILS Client Shopping Loans
Café account
Accrued income
Prepayments		 Plant and
machinery
£
11,073
287
11,360
4,366
1,842
6,208
5,152
6,707		 Office
Equipment
£
2,200
5,029
7,229
1,466
2,410
3,876
3,353
734
2024
£
1,554
2024
£
105,134
(16,507)
393
-
51,474
8,159
148,653		 Totals
£
305,133
5,316
310,449
97,539
9,890
107,429
203,020
207,594
2023
£
-
2023
£
25,141
-
-
14,181
-
3,150
42,472

Page 18

continued...

Age UK Maidstone,Sevenoaks and Tonbridge

Notes to the Financial Statements - continued for the year ended 31 March 2024

15. CURRENT ASSET INVESTMENTS

CURRENT ASSET INVESTMENTS
Unlisted investments
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Pension Control
Lottery Control
Wages Control
Credit Card
Other Creditors
Accruals and deferred income
Accrued expenses
Accrued Holiday and wages		 2024
£
107,819
2024
£
36,929
17,195
(362)
22,907
1,638
2,709
6,280-
35,261
76,670
7,349
206,576		 2023
£
-
2023
£
20,606
7,549
2,518
20,688
815
-
10,009
-
5,040
-
67,225

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

18. PROVISIONS FOR LIABILITIES

Provisions Dilapidations

2024
£
25,000		 2023
£
-

Page 19

continued...

Age UK Maidstone,Sevenoaks and Tonbridge

Notes to the Financial Statements - continued for the year ended 31 March 2024

19. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Day Care Contingency
Mill Street Property
Bertoli Dementia Fund
Bertoli General Fund
Personal Services Fund
Restricted funds
Dementia Centre
Minibus Replacement
Development Fund
Veteran Fund
One You
Pop Up Pop In
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Bertoli Dementia Fund
Bertoli General Fund
Personal Services Fund
Restricted funds
Dementia Centre
One You
Pop Up Pop In
TOTAL FUNDS		 At 1/4/23
£
741,932
10,000
104,993
-
-
-
856,925
-
44,608
3,533
16,019
-
-
64,160
921,085
Incoming
resources
£
1,720,283
30,000
36,576
100
1,786,959
769
25,967
22,694
49,430
1,836,389		 Net
movement
in funds
£
205,197
-
-
30,000
36,576
100
271,873
769
-
-
-
6,991
1,073
8,833
280,706
Resources
expended
£
(1,515,086)
-
-
-
(1,515,086)
-
(18,976)
(21,621)
(40,597)
**(1,555,683) **		 At
31/3/24
£
947,129
10,000
104,993
30,000
36,576
100
1,128,798
769
44,608
3,533
16,019
6,991
1,073
72,993
1,201,791
Movement
in funds
£
205,197
30,000
36,576
100
271,873
769
6,991
1,073
8,833
280,706

Page 20

continued...

Age UK Maidstone,Sevenoaks and Tonbridge

Notes to the Financial Statements - continued for the year ended 31 March 2024

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Day Care Contingency
Mill Street Property
Restricted funds
Dementia Centre
Minibus Replacement
Development Fund
Veteran Fund
TOTAL FUNDS		 At 1/4/22
£
749,689
10,000
104,993
864,682
9,000
44,608
3,533
16,019
73,160
937,842		 Net
movement
in funds
£
(7,757)
-
-
(7,757)
(9,000)
-
-
-
(9,000)
(16,757)		 At
31/3/23
£
741,932
10,000
104,993
856,925
-
44,608
3,533
16,019
64,160
921,085

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

Unrestricted funds
General fund
Restricted funds
Dementia Centre
TOTAL FUNDS		 Incoming
resources
£
768,877
-
768,877		 Resources
Movement
expended
in funds
£
£
(776,634)
(7,757)
(9,000)
(9,000)
(785,634)
(16,757)

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

Page 21