AGE CONCERN WANDSWORTH (CHARITY NUMBER: 1069406> (COMPANY NUMBER: 3531311) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Kingston Burrowes Audit Ltd 308 Ewell Road Surbiton Surrey KT6 7AL
AGE CONCERN WANDSWORTH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS Pagos: Report of the Board of Trustees Reference and administratNe information Structure, govemance and management Objectives and activities Achievement and performance Financial review Independent auditorfs report 9-11 Statement of financial activities 12 Balance sheet 13 Statement of cash flows 14 Notes to the financial statements 15-24
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Age Concern Wandsworth is a Registered Charity and a Company limited by Guarantee governed by its Memorandum and Articles of Association. The charity is known as Age UK Wandsworth. Trustees The trustees, who are also the Directors of the company, who have held office during the year are as follows: _ Tracy Cherrington Janet Turner Lara Sonola Jenny Alexander Chair (appointed November 2024) Treasurer (appointed November 2024) (stood down as Co-chair November 2024) (stood down as c(chaIr and Interim Treasurer November 2024) (resigned November 2024) Phillip Francis Richard Smuts Kim Marshall Karrie Liu Anisha Mistry Abby Minns Shanna Pedersen Lindi Mitchell (resigned November 2024) (appointed November 2024) (appointed November 2024) {appointed March 2025) President The Mayor of Wandsworth CEO and Company Secretary Natalie de Silva Charity number 1069406 Company Number 3531311 Registered Office 549 Old York R08d London SW18 1TQ Auditors Kingston Burrowes Audit Ltd 308 Ewell Road Surbiton Surrey i(r6 7AL Bankers CAF BANK LTD HSBC Charity Bank
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Icontd... The trustees present their report together with the audited financial ststements for the year ended 31 March 2025. The financial statements comply with current statutory requirements, the memorandum and articles of association and Accounting and Reporting by Charities: Statement of Recommended Practice ('SORP') applicable to charities preparing their accounts in accordance with the Financial Reporting Statement applicable in the UK and Republic of Ireland (FRS 102). STRUCTURE GOVERNANCE AND MANAGEMENT Age Concern Wandsworth is an independent charity, responsible for its own policy, direction and funding. Operationally, the charity is now known as Age UK Wandsworth, after signing a Brand Partnership Agreement with the national charity Age UK and other local Age UKS in the network. However, the legal name remains Age Concern Wandsworth. Throughout the rest of this report. the trading name of Age UK Wandsworth is used. Age UK Wandsworth is governed by a Board of Trustees. The Trustees are also Directors of the Company. Trustees are elected by members who are 811 Trustees at the Annual General Meeting. The Board of Trustees aims to meet at least six times a year and is responsible for ensuring that the financial, legal and contractual requirements of the charity are met. It decides on the strategy and ensures that the organisation fulfils its objectives. The Board receives reports from the Finance and Resources Committee, which meets in the intervening months to oversee the finances and to consider personnel matters, such as remuneration. In 2024-25 a new sub-committee of the Board called the Operations and Quality Committee was established, the Policy and Finance Committee was renamed the Finance and Resources Committee and the Fundraising and Marketing Committee was renamed the Branding and Communications Committee. The Board delegates day-to-day management and decision making of the charity to the Chief Executive, who works with the newly appointed executive team and the charity's staff team to ensure the smooth and effective running of the charity. The Chief Executive reports to the Chair and the Board. statement of Trustees, Responsibilitles The trustees (who are directors of Age UK Wandsworth for the purposes of company law) 8re responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted AeLountancy Practice). Company law requires the trustees to prepare financial ststements for each financial year, which give true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for the year. In preparing these fi'nancial statements, the trustees are required to: select suitable accounting policies and then appty them consistently., observe the methods and principles in the Charities 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 conrn basis unless it is inappropriate to presume that the charty will continue in operation.
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Icontd... The trustees are responsible for keeping proper accounting CordS which disclose with reasonable accuracy at any time the financial position of the 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. The Board conducts an annual risk assessment. in which major risks to the charty are identrfied and reviewed and systems and procedures to manage the risks are established and updated. Trustees re1ve reports from the Chief Executive and from other key personnel. In addition, Trustees review Age UK Wandsworth's portfolio of policies and procedures on a cyclical basis. as well as the introduction of new policies and procedure as appropriate. All Trustees give their time voluntarily. Trustee Recruitment and Inductlon Trustees are recruited through a variety of methods, including targeted CrUitMent initiatives and professional recommendation. The Trustees endeavour to ensure that there is a balance of skills, gender, age and cultural backgrounds and that they are also representative of older people in Wandsworth. New trustees are inducted by the Chief Executive, the Chair and more experienced trustees. They are also able to attend Trustee Induction programmes run by Age UK, where available. Older People Older People are at the centre of seNice planning and are involved in all aspects of the charity's strategic and operational management, including active Board of Trustee participation. Equal Opportunities Age UK Wandsworth is committed to the principal of equal opportunity in all aspects of its work from seniice delivery through to employment and management of its employees and volunteers. Age UK Wandsworth also believes that all older people should receive services that meet their needs. As part of this commitment, it works to ensure that its own services and resources are relevant to the needs of older people and are peIVed by those in need as relevant and accessible. We have an Equity, Diversity and Inclusion (EDI) Policy to help ensure we are a twly inclusive organisation. OBJECTIVES AND ACTIVITIES Objects of the charlty The Objects for which Age UK Wandsworth is estsblished and to which it is specifically restricted are to promote the following purposes for the benefit of the public andlor older people in and around the London Borough of Wandsworth: preventing or relieving the povety of older people; advancing education,. iii. preventing or relieving sickness, disease or suffering in older people (whether emotional, mental or physical). iv. promoting equality and diversity" assisting older people in need by reason of ill-health. disability, financial hardship, social exclusion or other disadvantage,. and vi. such other charitable purposes for the benefit of older people as the Trustees may from time to time decide.
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Icontd... The outcome of this being the promotion of the well-being of older people. All activities of Age UK Wandsworth are of a charitable purpose. Mission Age UK Wandsworth's mission statement is to develop a wide range of seN1$ that enable and enhance the Independen and wellbeing of older people in Wandsworth. Aims and objectives The strategic plan, for 2023-2025, outlines the following aims and objectives.. 1. To support older people in Wandsworth to live well in their homes and to participate in their community. 2. To promote positive ageing and raise awareness of the contribution that older people make to our community. 3. To ensure that older people benefit from a well-run, sustainable organisation that is able to respond flexibly and innovatively to the changing needs of older people and the external environment. Ensuring our work delivers our aims and provides public benefit We follow the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. Public benefits from our work includes older people in Wandsworth: Understanding their rights to financial assistance and protection Receiving information and support to manage emotional, physical and mental health issues Accessing befriending and group activities that reduce levels of loneliness and social isolation Servlces Age UK Wandsworth remains an autonomous, local organisation providing direct services to older people in response to local need and available funding. Age UK Wandsworth's strategy is to build on the services it currently offers, developing new strands of activity or expanding the ServIS to reach more people in line with our strategic aims and objectives. Our activities are preventative and improve the quality of life of older people living in the borough of Wandsworth. By preventative services we mean: serVIS that help to prevent or delay the need for more costly intensNe interventions., and strategies and approaches that promote the quality of life of older people and their engagement with the wider community The servi$ we provided in 2024125 for older people are detailed below. These services are available to all people over the age of 60 within the borough of Wandsworth. Information and Advice 1. Our Information, Advice and Support Service offers free and confidential information and advice on benefits. money, social care and housing and local services for people over 60 and their carers. Information and advice is provided in the office, over the telephone, via email and through home visits. In addition, we continue to deliver a scams prevenb'on and support service - delivering group scams awarene&s talks at venues throughout the borough and one- to-one support to clients who have been, or who are at risk of being scammed.
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 2. Crimes against Older People - co-ordination of a multi-agency forum to raise avRreness of crimes against older people. 3. Better at Home - provides voluntary sector support to Wandsworth's Community Wards, a multi-disciplinary team supporting patients in their own homes to prevent hospitsl admissions. 4. Age UK Wandsworth has a small Amenity Fund and can distribute grants of up to £200 to older people in financial need. Practical Support at Home Age UK Wandsworth runs a number of ServIS aimed at supporting older people within their own homes to enable them to remain living independently at home and to maintain their health and well- being. These include: 5. The Be-a-Friend Service - matches volunteers with housebound older people to lessen the impact of social isolation. A telephone support service is also provided. 6. The Handyperson Service - undertakes falls prevention work and practical help with minor repairs in the home to assist those unable to carry out tasks for themselves. The service enables people to live independently and safely in their own homes. 7. Online Shopping SeNice - provides internet grocery shopping for those who do not have access to a computer and arranges shopping deliveries to the door through supermarket online services. 8. The Hospital Discharge Support service - provides volunteer support for up to six weeks when someone is discharged from hospital. 9. Befriending Plus Service - a befriending programme with additional weekly practical support provided by volunteers in conjunction with existing care packages, or as a preventative measure. Addltlonal Services 10. Gwynneth Morgan Day Centre services for Wandsworth Council.. a building-based day centre seniice for older residents and those with disabilities and dementia. 11. Community Engagement - this seNice started in April 2023 and includes contracts from Wandsworth Council called Digital Inclusion Technology and Age Well Central. The Digital element includes the provision of technology assistance to residents in libraries across the borough as well as care technology support in their homes, whilst the Age Well Central contract allows for the provision of activities, such as coffee mornings and exercise classes, with food offerings, in Gentral Wandsworth. 12. Roehampton Community Shed - provides opportunities for socialising alongside practical projects, such as woodwork and furniture upcycling. In the last two years, there has also been a new ft)cus on providing educats.onal opportunities to address men's mental health. 13. Our Foot Clinic is now running once per month and meets the basic footcare needs of Wandsworth residents who are not entitled to free NHS footcare.
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Icontd... Volunteer Involvement Age UK Wandsworth depends extensively on the commitment of over 300 volunteers who play a vital role in every aspect of the organisation's work, including befriending, support in the home, office administration, and information and advice. Alongside paid staff, volunteers help us to deliver high- quality services. ACHIEVEMENTS AND PERFORMANCE Our key achievements in 2024125 included: Benefit gains of £1,368,506 (compared to approximately £1,023,407 in 23124) for clients advised by our Advice team 4,638 in-depth advice sessions delivered (compared to 2,456 in 23124) and over 10,000 enquiries were responded to Over 2,000 activities delivered at the day centre to those with disabilities and dementia, which provides a subsidiary benefrt of respite to unpaid carers 123 people matched to a volunteer befriender and over 5,500 befriending home visits to lonely, isolated older residents 2,292 handyperson visits and over 1,350 individual Wandsworth older residents supported with jobs to enable hospitsl discharge and independent living 334 frail, older residents supported with a safe, hospital discharge and subsequent after care 1,915 (compared to 1,585 in 23124} online food shopping deliveries arranged for those unable to food shop for themselves Continuation funding secured for a third year for MCST (Maintenance Cognitive Stimulation Therapy) in direct response to residents, needs for further dementia support Winner of the Best Charity category in the Wandsworth Chamber of Commerce Business 2024 and 2025 Avrfards for the charity's business progression
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Icontd... FINANCIAL REVIEW The financial statements cover the consolidated activities of Age UK Vvandsworth for the year ended 31 March 2025. The financial situation of the charty remained stable at the end of the financial year and has benefttted greatly from the strong financial and operational perforrnan over the previous three years. Princlpal Funding Sources £1,713,511 was received as Income from Charitable Activities in 2024125, (£1,721,108 23124) Of this, Wandsworth Council contributed £1,187,779, (£1,090,670 23124). Contract funding was received from Battersea Healthcare Community Interest Company, the local GP Federation, of £399,334 in 2024125. (£401,106 23124). Grants received in 2024-25 were as follows.. Age UK, the national charity, awarded grants of £96,004 for Information and Advice Trust ft)r London. £13,000 for Information and Advice The Wimbledon Foundation, £1,667 for Information and Advi The Julia Rausing Trust. £5,000 for Information and Advi Neighbourly, £4,167 for Information and Advice Age UK Wandsworth continues to raise funds ft)r services that are not fully funded and to raise the profile of the charity in the local community. We are particularly grateful to local residents who support us and raise money through taking part in sponsored events and other fundraising activity and for the local businesses and organisations who also supported us. In 2024125 we raised a total of £43,161 through community fundraising activities. We do not take such generous donations, or grants awarded, lightly and we are rigorous about controlling back office expenditure to pour valuable funds into delivering services that directly impact the most vulnerable older people in the borough. Reserves Policy and Financial Position Total reseNes increased during 2024125 to £1,771.312 (£1,583,910 23124). Of this, £1,079,139 is restricted funds, (£996,128 23124), £106,932 is designated funding from a legacy {£106,932 23124) and unrestricted reserves total £585,241 (£480,850 23124). It is the charity's policy to wrrte off deficits on restricted funds against general funds for those projects that fi'nished in that financial year. Trustees wish to utilise reserves to support the development of newer services that require additional capacity when they are initially established. The organisation's reserves policy is to maintain reserves at a level representing approximately six months of non-contracted expenditure and one year expenditure on long term contracts, in order to safeguard the future of the charity. Given the uncertainty around the extension of contracts such as Better at Home, the requirement to seek new funding sources annually for our Information and Advice service, and operating in the current high inflation environment, trustees feel it is prudent to maintain a higher level of reserves than was previously the case. Trustees have also agreed a new Investment Policy and have plans to invest unrestricted reserves in investment funds designed for the charitsble sector. Additionally, the charity has been able to benefit from the higher rates of interest on bank term deposits available in 2024125. Some of the term deposits have been implemented through a secure online savings platform called Insignis. Interest earned in 2024125 totalled £51,545, (£32,883 23124).
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Icontd... PLANS FOR FUTURE PERIODS Age UK Wandsworth is committed to delivering a range of servi$ ft)r older people in the borough and responding to meet their changing needs. Trustees will continue to monitor and evaluate existing seNices and will aim to maint8in, develop and fundraise for them in the future. Statement as to Disclosure of Informatlon to Auditors So far as the directors are aware, there is no relevant audit information (as defined by Section 477 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have t8ken as a director in order to make himself aware of any levant audit information and to establish that the company's auditors are aware of that information. Audltors A resolution proposing the re-appointment of Kingston Burrowes as auditors to the company will be put to the Annual General Meeting. EXEMPTIONS FROM DISCLOSURES This report has been prepared in accordance with the Special Provisions of Part 15 of the Companies Act 2006 relating to small companies. Signed on behalf of the Board.. Tracy Cher ngton Chair of the Board of Trustees Date l O(+okf 2025 Age UK Wandsworth 549 Old York Road London SW18 1TQ
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF: AGE CONCERN WANDSWORTH (A company limited by guarantee) FOR THE YEAR ENDED 31 MARCH 2025 Oplnlon We have audited the financial statements of Age Concern Wandsworth (the 'charit8ble company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial ststements, 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 Stsndard 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 2025, 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 Practi., and have been prepared in accordan 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 Auditorfs 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 relatlng 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 UnrtaIntieS 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 SponSibl11t1eS and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Other infomiatlon The other infonnation comprises the information included in the trustees, report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the trustees, report. Our opinion on the financial statements does not cover the other information and, expt to the extent otherwise explicitly stated in our report, we do not express any fomi 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.
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF.. AGE CONCERN WANDSWORTH (A company limited by guarantee) FOR THE YEAR ENDED 31 MARCH 2025 Opinions on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the trustees, report (incorporating the directors, report) for the financial year for which the financial statements are prepared 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 requlred to raport by exception In the light of our knowledge and understanding of the charitable company and its environment obtsined in the course of the audit, we have not identified material misststements 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 retums adequate for our audit have not been reiVed from branches not visited by us" or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of directors, 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 directors, report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees. responsibilits'es ststement on page 2, 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 neSSary 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 concem basis of accounting unless the trustees either intend to liquidate the charitable company or to ase operations, or have no realistic alternative but to do so. Audltor's responsibilities for the audit of the financial ststements Our objectives are to obtain reasonable assuran about whether the financial statements as a whole are tree 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 ststements. Irregularities, including fraud, are instances of non-compliance with lay and wulations. We design procedures in lin8 With our responsibilities, outlined above, to detect material misststements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detsiled below.. 10
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF.. AGE CONCERN WANDSWORTH (A company limitsd by guarantse) FOR THE YEAR ENDED 31 MARCH 2025 Auditor's responsibilities for the audit of the flnancial statsments . .ICont'd Enquiry of management and those charged with governance about actual and potential litigation or claims and the identification of non-complian with laws and regulations. Reviewing minutes of meetings of those charged wrth governance. Reviewing financial statement disclosures and tesling to supporting documentation to assess compliance with applicable laws and regulations. Auditing the risk of management override of controls. including testing journal entries and other adjustments for appropriateness. assessing whether the judgements made in making accounting estimates are indicative of a potential bias. and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misststement due to fraud. Professional sptiCIsM in course of the audit and wtth audit sampling in material audit areas. 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 ststements 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 ststements, 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 is available on the Financial Reporting Council's website at: www.frc.org.uklauditorsresponsibilities. This description forms part of our auditoff s report. Use of our report This report is made solely to the charitsble company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we a required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Kevin Fisher FCA (Senior Statutory Auditor) For and on behalf of Kingston Burrowes Audit Ltd statutory Auditors 308 Ewell Road Surbiton Surrey KT6 7AL 14 -LO 2025
AGE CONCERN WANDSWORTH (A company Ilmlted by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Designated Funds Funds Restricted Funds 2025 Totsl 2024 Total Notes Income Donations and legacies Charitable activities Other trading activities Investments 27,908 28 1,713,511 20 27,936 1,713,511 43,161 51,545 14,449 1,721,108 24,983 32,883 43,141 51,545 Total 122,595 1,713,559 1,836,154 1,793,423 Expendituro Raising funds Charitsble activities 4,039 14,856 4,039 1,644,713 23,776 1,531,656 1,629,857 Total 18,895 1,629,857 1,648,752 1,555,432 Net income l (expenditure) for the year 11 103.700 83,702 187,402 237,991 Transfer between funds 16 691 (691) Net movement in funds 16 104,391 83,011 189,402 237,991 Total funds as at 1 April 2024 16 480,850 106,932 996,128 1,583,910 1.345,919 Total funds at 31 March 2025 16 £585,241 £106,932 £1,079,139 £1,771,312 £1,583,910 All income and expenditure derives from continuing activities. The statement of financial activities includes all gains and losses recCniSed during the year. The notes on pages 16 to 26 form part of the financial statements. 12
AGE CONCERN WANDSWORTH (A Gompany limlted by guarantee) BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Current assets Debtors Cash at bank and in hand 13 126,789 1,707.798 92,684 1,562,811 1,834.587 1,655,495 Liabilltles Creditors.. Amounts falling due within one year 14 63,275 71,585 Net assets 15 £1,771,312 £1,583,910 Funds Unrestricted - Gener81 Designated 16 16 16 585,241 106,932 1,079,139 480,850 106,932 996,128 Restricted Total funds 16 £1,771,312 £1,583,910 The financial ststements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. The financial statements were approved and authorised for issue by the Board of Trustees on I 2025 and signed on tts behalf by.. cyc rrington Chair of the Board of Trustees The notss on pages 16 to 26 form part of the financial statements. 13
AGE CONCERN WANDSWORTH IA company limited by guarantee) STATEMENT OF CASH FLOVVS FOR THE YEAR ENDED 31 MARCH 2025 Note 2025 2024 Net cash provldad byl(us•d in) operating actlviti8s Cash flows from investing activities Interest received 20 93,442 166,304 51,545 32,883 Increasel(decrease> in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Total Cash and cash equivalents at the end of the year 144,987 199,187 1.526,811 1,363,624 £1,707,798 £1,562.811 Analysis of cash and cash equivalents Cash at bank and in hand £1,707,798 £1,562,811 The notes on pages 16 to 26 form part of the financial statements. 14
AGE CONCERN WANDSWORTH (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparatlon and assessment of golng concern The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial ststements are prepared on a going conr basis under the historical cost convention. The financial statements are presentsd in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The trustees consider that there are no material UnrtaIntieS about the charity's ability to continue as a going concern. Income recognition Items of income are recognised in the financial statements when all of the following criteria are met: The Charity has entitlement to the funds; any performance conditions have been met or are fully within the control of the charity., there is sufficient certainty that receipt of the income is considered probable., and the amount can be measured reliably. Expendituro reeognltlon Expenditure is recognised On there is a legal or constructive obligation to make payment to a third party, it is probable that setuement will be required and the amount can be measured reliably. Expenditure includes those costs of a direct nature which can be allocated to a specific activity- It also includes indirect costs, including governance costs that do not relate to a specific activity but are neSSary to support those activities. Support costs are apportioned to each activity on the basis of staff time or on a basis which is designed to reflect the use of the resources. 15
AGE CONCERN WANDSWORTH (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... ACCOUNTING POLICIES (cont'd} Fund accounting Unrestricted general funds are freely available for use in furtherance of the objects of the charity and which have not been designated for particular purposes. Designated funds are unrestricted funds set aside by the trustses for particular purposes. Restricted funds are funds which can only be used in accordance with specific restrictions imposed by the donor or which have been raised for a particular purpose. Tangible fixed assets All expenditure on capital items costing less than £1,000 is written off in the year of purchase. Leases Operating lease rentals are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease. Pensions The charity operates a defined contribution pension scheme. Contributions payable under the scheme are charged to the Statement of Financial Activities in the year to which they relate. Debtors and credltors Debtors and creditors with no stated interesl rate and re1vable or payable within one year are recorded at transaction pri. Any losses arising from impairment are recognised in the statement of Financial ActFVities. 2. DONATIONS AND LEGACIES Unrestricted Restricted funds funds Total 2025 Total 2024 Donations Legacies 18,658 9,250 28 18,686 9,250 11,949 2,500 £27,908 £28 £27,936 £14,449 All of the £14,449 recognised in 2024 related to unrestricted funds. 16
AGE CONCERN WANDSWORTH (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 3. INCOME FROM CHARITABLE ACTIVITIES Icont'd Unrestricted funds Restricted funds Total 2025 Total 2024 Wandsworth Borough Council Crimes against Older People - Community Engagement Other - Roehampton Community Shed - Gwynneth Morgan Day Centre Better at Home Assistant - Wintsr Pressures 6,500 152,402 6,500 152,402 5,000 122,700 260 2,577 880,092 60,031 20,010 15,000 976,789 37,088 15,000 976,789 37,088 Wandsworth Clinical Commissioning Group - Roehampton Community Shed 15,000 Battersea Healthcare Community Interest Company (known as Wandsworth GP Federation from July 2024) - Better at Home Falls Prevention 384,844 14,490 384,844 14,490 386,328 14.778 The Julia Rausing Twst Information and Advice 5,000 5,000 Age UK Information and Advice - Community Engagement 96,004 96,004 127,264 14,169 Age UK London Information and Advi 3,616 Trust for London Information and Advi 13,000 13,000 26,500 The Wimbledon Foundation Information and Advi 1,667 1,667 9,833 Neighbourly Infomiation and Advi 4,167 4,167 ASDA Roehampton Community Shed 520 Other incomelgrants 6,560 6,560 32,430 £Nil £1,713,511 £1,713,511 £1,721,108 Of the £1,721,108 recognised in 2024, £Nil related to unrestricted funds and £1,721,108 to restricted funds. 17
AGE CONCERN WANDSWORTH (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd. 4. OTHER TRADING ACTIVITIES Unrestricted Restricted funds funds Total 2025 Total 2024 Fundraising Activities £43,141 £20 £43,161 £24,983 All of the £24,983 recognised in 2024 relatsd to unrestricted funds. 5. INVESTMENT INCOME Unrestricted Restricted funds funds Total 2025 Totsl 2024 Bank interest £51,545 £Nil £51,545 £32,883 All of the £32,883 recognised in 2024 relatsd to unrestricted funds. 6. COST OF RAISING FUNDS Direct costs Support costs Total 2025 Total 2024 Salaries Materials staff Expenses staff Training Fundraising Cost 2,497 2,4g7 20.053 12 135 37 3,539 1.542 1,542 £4.039 £Nil £4,039 £23,776 All of the £23,776 expenditu recognised in 2024 was charged to unrestricted funds and all were for direct costs. 7. EXPENDITURE ON CHARITABLE ACTIVITIES Direct costs Support costs Total 2025 Total 2024 Provision of information, advice and practical support to older people (Notes 8 & 9) £1,618,575 £26,138 £1.644,713 £1,531,656 Of the £1,531,656 expenditure recognised in 2024, £24,653 was charged to unrestricted funds and £1,507,003 was charged to restricted funds. 18
AGE CONCERN WANDSWORTH IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 8. ANALYSIS OF DIRECT COSTS Total 2025 Total 2024 Staff salaries including payroll costs Volunteer training and expenses Stsff training and expenses Consultsncy costs Premises and related costs Printing, postage and stationery Office equipment maintenance and furniture Telephone and fax Handy person materials Day Centre food purchase Day Centre care expenses Day Centre transport Other direct costs 1,068,064 921 11,233 4,861 253,778 7.280 23,050 4,875 37.366 13.572 6,196 164,995 22,384 1,013,374 334 16,377 443 257,638 9,215 13,992 11,530 42,894 10,114 5,443 98,072 17.676 £1,618,575 £1,497,102 9. ANALYSIS OF SUPPORT COSTS Total 2025 Total 2024 Staff salaries including payroll costs Staff training and expenses Other costs Premises and related costs Governance costs (see note 10) Printing, postage and stationery Office equipment, maintenance and fumiture Telephone and fax Consultancy costs 6,357 1,244 3,653 1,924 11,498 106 459 101 796 15,678 2,186 1,250 4,712 10,021 394 140 173 £26,138 £34,554 10. GOVERNANCE COSTS 2025 2024 Audit fees AGM 3,900 1,435 6,163 3,444 1,585 4,992 Insurance £11,498 £10,021 11. NET INCOME FOR THE YEAR 2025 2024 This is stated after charging: Audit fees Operating lease rentals £3,900 £232,642 £3,444 £240,496 19
AGE CONCERN WANDSWORTH (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 12. STAFF COSTS 2025 2024 Wages and salaries Social security costs Pension costs Payroll administration 948,715 79,951 45,998 2,254 926,113 76,501 44.316 2.175 £1,076,918 £1,049,105 The average number of employees during the year was as follows: 2025 No. 1.00 1.70 27.90 2024 No. 1.00 1.70 28.90 Chief Executive Administrative staff Charitable activities 30.60 31.60 One employee {2024.' One) received total employee benefits (excluding employer pension costs) which fell in the band £120,000 to £130,000 {2024'. £90,000 to £100,000). The members of the Board received no remuneration or reimbursement of expenses (2024: £Nil). Total employee benefits received by key management, including employer's pension costs, amounted to £133,583 (2024.. £104,774). Under FRS 102, employee benefits include gross salary, benefits in kind, employer's national insurance and employerfs pension costs. 13. DEBTORS 2025 2024 Grants and directly charged services re1vable (Accrued income) Prepayments 48,704 78,085 21,193 71,491 £126,789 £92,684 14. CREDITORS Amounts falling due within one year 2025 2024 Accruals Pensions Deferred income 24,148 7,339 31,788 19,543 6,864 45,178 £63,275 £71,585 Deferred income represents grants re[Ved in advance for 2025126. Deferred income analysis 2025 2024 As at 1 April 2024 Additions during the year Amounts released to income 45,178 31,788 (45,178) 43,372 45,178 (43,372} As at 31 March 2025 £31,788 £45.178 20
AGE CONCERN WANDSWORTH (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Designated Restricted Funds Funds Funds Total Funds 2025 Current assets Current liabilities 585,785 (544) 106,932 1.141,870 (62,731) 1,834,587 (63,275) Net assets at 31 March 2025 £585.241 £106,932 £1,079,139 £1,771,312 Comparative information for the previous financial year is as follows: Unrestricted Designated Restricted Funds Funds Funds Total Funds 2024 Current assets Current liabilities 481,174 {324) 106,932 1,067.388 (71,260) 1,655,494 (71,584) Net assets at 31 March 2024 £480,850 £106,932 £996,128 £1,583,910 16. MOVEMENT IN FUNDS At 1 April 2024 Income Expenditure Transfers At 31 March 2025 2025 Restricted funds: Information and Advice Cold Weather and Amenity Fund Roehampton Community Shed Better at Home Community Engagement Foot Clinic Gwynneth Morgan Day Centre 135,634 9,144 18,527 412,634 181,713 691 237,785 126,338 130,438 131,534 9,144 23,787 366,744 259,522 15,048 421,932 172,942 9,788 467,822 95,133 (691) 977,299 926,676 288,408 Total restricted funds 996,128 1,713,559 1,629.857 (691) 1,079,139 Unrestrlcted funds: General funds Designated Funds: Sustainability fund Marketing Premises and offices 480,850 122,595 18.895 691 585,241 93,067 3,865 10,000 93,067 3,865 10,000 Total unrestricted funds 587,782 122,595 18,895 691 692,173 Total funds £1,583.910 £1,836,154 £1,648,752 £Nil £1,771,312 21
AGE CONCERN WANDSWORTH (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 16. MOVEMENT IN FUNDSlcontd... Comparative information for the previous financial year is as follows: At 1 April 2023 Income Expenditure Transfers At 31 March 2024 2024 Restricted funds: Information and Advi Cold Weather and Amenty Fund Digipals Crimes against Older People Roehampton Community Shed Better at Home Health & Exercise {ActÉve Friends) Community Engagement (Digipals + Health & Exercise) Foot Clinic Gwynneth Morgan Day Centre 85,950 9,278 47,645 1,086 10,397 310,424 169,713 120,246 134 135,417 9,144 (47,645) 5,000 18,687 471,534 5,869 10,557 369,324 217 18,527 412,634 58,559 (58,559) 150,213 1.495 907.729 74,704 804 925,365 106,204 181,713 691 237,785 255,421 Total restricted funds 778,760 1,724,371 1,507,003 996,128 Unrestricted funds: General funds Designated Funds: Sustainabilty fund Marketing Premises and offices 460,227 69,052 48,429 480,850 93,067 3,865 10.000 93,067 3,865 10,000 Total unrestricted funds 567,159 69,052 48.429 587.782 Total funds £1,345,919 £1,793,423 £1,555,432 £Nil £1,583,910 22
AGE CONCERN WANDSWORTH (A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 16. MOVEMENT IN FUNDSlcontd... Purpose of restricted funds Restricted funds are funds that can only be used in accordance with specific restrictions imposed by the donor and used for the objectives set by them. These funds are detailed here.. Information and Advi Infomation and advi on benefits, housing, health and other issues. Cold Weather and Amenity Fund Provision of ServIS and items to older people in cold weather. Digital Inclusion and Assistive Enabling older people to get online Technology Crimes against Older People Roehampton Community Shed Better at Home Coordination of a multi-agency forum to raise awareness of crimes. Practical group activities mainly for men. Support to remain living independently at home, support after discharge from hospital, support shopping deliveries and support for older people who feel isolated. Support for older people who feel isolated and provide practical help. Foot health. Provide a specialist day care service, outreach and digital support for older people, people with disabilities and people with dementia. As part of our new Organisational Strategy, we have created a new Servi called Community Engagement with one Coordinator who will oversee digitsl and healthy living projects. Funds from Digipals and Health and Exercise have therefore been transferred into Community Engagement and within that sit a Digital Inclusion Programme and various health and exercise services. A programme of coffee momings and activities, including digital. gardening, music, walking, art, board games. Befriending Plus Foot Clinic Gwynneth Morgan Day Centre Community Engagement Purpose of designated funds The trustees have designated ftjnds for the following purposes.. Sustainability Fund To enable the charity to maintsin operating capacity and to expand activities in the light of developments in technology and uncertainty over future funding. To promote the charity's activities and with a view to increasing income. To provide for costs arising on fvture lease expiry and costs of updating office systems. Markets'ng Premises and offices 23
AGE CONCERN WANDSWORTH (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 17. COMMITMENTS UNDER OPERATING LEASES The total future minimum lease payments due under non-cancellable operating leases are as follows.. 2025 Land and Buildings 2024 Land and Buildings Wthin one year thin one to five years 13,333 13.333 £13,333 £13.333 A tenancy at will exists between the charity and the London Borough of Wandsworth for the annual rental of a propety of £120,000. 18. COMPANY STATUS Age Concern Wandsworth is a private company limited by guarantee and has no share capital. It is incorporated in Great Britain and registered in England and Wales. Each member is liable to contribute a sum not exceeding £1 in the event of the Company being wound up. The address of the registered office can be found in the Reference and Administration details on page 1. 19. TAXATION The charitable company is exempt from corporation tax on its charitable activities. 20. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net movement in funds 187,402 237,991 Interest receivable (Increase)Idecrease in debtors Increasel(decrease) in creditors (51,545) (34,105) (8,310) (32,883) (11,023) (27,781) Net cash provided byl(used in) operating activities £93,442 £166,304 21. CONTINGENT ASSETS The charity has been awarded some multi-year grants with specified or implied timeframes which preclude recognition of the full amount. The total amount awarded for future years but not recognised is £109.412. 24