**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:
- That older people are entitled to the support that they need to improve their own sense of wellbeing, to achieve independence and to have control of their own lives:.
- That ‘Ageist’ or negative attitudes should not be tolerated
- Age is not a barrier.
- The expectations of older people and their carers can be achieved. That older people should remain free to choose the services and the services and support they require In working with partners to achieve our vision
## Our objectives are:
- To provide a wide variety of services and support aimed at improving the quality of life for elderly people at a price they can afford.
- To listen to older people and try to offer person centred support
- To work in partnership with others to this end and seek to educate and influence key decision makers on issues relating to older people.
- To support older people in their homes to maintain their independence and offer temporary access to services where appropriate
- To provide companionship for our clients through a range of specialised services.
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:
- Resource funding
- Resources-staffing
- Resources-infrastructure
- Regulation of services and provision for the future
## **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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
- Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 27 January 2025 and signed on the board's behalf by:
## 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:
- 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, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; 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 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:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- the charitable company has not kept adequate accounting records; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
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:
- Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulations and fraud,
- Evaluating management'¦s controls designed to prevent and detect irregularities,
- Identifying and testing manual accounting journals, in particular any unusual items,
- Challenging assumptions and judgements made by management in their critical accounting estimates,
- Assessment of identified audit risk factors,
- Performing analytical procedures to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud,
- Confirmation of related parties with management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business,
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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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