Oocusign Envelope ID.. 8443FBAA-AOC74688-863F-AFA1 B606684B
Registered number.. 03897291
Charity number.. 1079773
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

Oocusign Envelope ID.. 8443F8AA-AOC7-468B-8B3F-AFA1 B606684B
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
CONTENTS
Page
Reference and Administrative Details of the Charitv, its Trustees and Advisers
Trustees, ReDOrt
Independent Auditors, Report on the Financial Statements
10-13
Statement of Financial Activities
14
Balance Sheet
15-16
Statement of Cash Flows
17
Notes to the Financial Statements
18-40

Docusign Envelopa ID.. 8443FBAA-AOG7-468B-8B3F-AFA1 B6066B48
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
Miss S J Graham, Trustee
Mrs J Deeley, Trustee
Mr J D Goodman, Trustee
Ms J M Mcmeekin, Chair
Mrs M Lang, Trustee (resigned 28 May 20251
Mr G J Baxter, Trustee
Mr C Kingsford, Trustee (resigned 26 Feb 2025)
Dr V Fernandes, Trustee
Mr S D Walson, Trustee
Mr G H M Martin, Trustee (appointed 26 Feb 2025)
Mr H W Lewis, Trustee (appointed 14 May 2025)
Company registered
number
03897291
Charity reglstered
number
1079773
Registered offlce
The Peartree Centre
1 Chadds Lane
Peartree Bridge
Milton Keynes
MK6 3EB
Company secretary
Mrs G Baker
Independent auditors
Mercer & Hole LLP
Chartered Accountants
The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1BP
Bankers
Lloyds Bank PLC
Natwesl Bank PLC
Page 1

Docusi9n Envelope ID.. 8443FBAA-AOC74688-863F-AFA186066B48
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees, who are also the directors for the purposes of company law, present their report and the financial
statements of the charity for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and Gomply with the charily's governing document, the Companies Act 2006 and "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicate to Gharities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)-.
Objectives and activities
The charity is a non-polilical, non-sectarian voluntary organisalion working with slatutory and other voluntary,
community and social enterprise organisations within the Borough of Milton Keynes lo promole the welfare of
older people in any manner that now, or in the future may be deemed by law to be charitable.
To this end, the charity provides seNices (some free lo the client, some charged for), which give advice and
information, social activities lo help reduce isolation and loneliness and practical help lo enable older people lo
stay in their own homes. It works with other partners to address the social isolation agenda (e.g. digital inclusion)
and provides activities to encourage being active in later life as well as work with health and social care providers
to improve the wellbeing of our clients.
As pari of the Strategic Plan for 24-25, the key aims of the Charity for the older people of Milton Keynes are..
Socially 8¢tive and connected.
To thrive at home to maintain independence.
Improve emotional and physical resilience to enhance wellbeing.
Innovate and diversify services for client of the wider community.
Balanced with
To achieve sustainability that provides financial, environmental and community benefits.
The Trustees are aware of the Charity Commission's guidance on public benefit and consider that the objectives
set out above which relate direGtly to the welfare of older people, benefit not only those individuals, but soGiety as
a whole.
Public benefit
Our charily s purposes as set out in the objects contained in the company's memorandum of association are to
promote the relief of older people in any manner which now or hereafter may be deemed by law to be charitable
in and around Milton Keynes (hereinafler called "Ihe area of benefit").
strategic report
The following sections for achievements and performance and financial review form the strategic repori of the
charity.
Trustees have paid due regard to guidance issued by the Charily Commission in deciding what activities the charity
should undertake.
Page 2

Docuslgn Envelope ID.. 8443FBAA_AOC7.4688.8B3F.AFA166066848
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and perfomianGe
This year has been aLK)Ut
'See the person not the age,, trying to bring the needs of person rather than the focus on the age.
2. building on the 'Collaboralion and Partnership, we started last year. we have been tying to ￿rther develop and
expand worf(ing with our local communty as well as Ihe wider communty.
2024125 was a challenging year matked by significant changes for Age UK Milton Keynes.
One of the most notable developments was the relocation ofour Home & Fumiture Store wilhin Kiln Fam. While remaining
in the same area, the move to a new site brought with it considerable costs and logislical hurdles. Despite these challenges,
the store successftjlly reopened atlhe beginning of September. sin￿ then, the new space has continued to estsblish itself
as a popular destination for high-quality, affordable items, and has steadily grown ils customer base.
Another major event was the dosure of our Independent Living Se￿1￿. The October 2024 Budget introduced several
financlal pressures, induding an increase in the National Minimum Wage, changes to National Insuran￿ Gontribulions, and
a sudden adjustment lo the Nl threshold. These changes required us to make difficult decisions. Fortunately, the availability
of other reliable local providers offering cleaning, shopping, and gardening serVI￿S allowed us to refer all our clients
elsewhere, ensuring only minimal disruption.
To support our staff during this transition, we held employment open days and collaborated closely with the local
Department for Work and Pensions (DWP) and otherlocal employers. This helped ensure ourteam members were
informed and supported in making decisions about their future employment opportunities.
In alignment with our Strategic Aims for 2024-2027, we were proud lo take the following steps to support our local
older community..
Stay socially active and connected.
Increasing capacity, diversity and extending reach of Clubs in developing 2 new 'ln The Prime"
events aimed at the younger older people.
Reducing the wailing lime for Befriending matches.
Marketing the services we offer to diverse Partnersl Collaborate where possible.
Being available and accessible to our community.
Befriending 400 clients throughout the year.
Thrive at home lo maintain independence.
Adding new resources to our Trusted Traders to cover cleaning, gardening and shopping
seNices.
Reducing waiting times for our Information & Advice service.
Enabling our clients to claim £2 million of benefits (once data reconciled) that they were eligible
for but were not claiming.
Providing nearly 9,000 meals through our Meal Delivery Se￿iCe.
Improve Emotional and Physical Resilience to enhance wellbeing.
Holding 'Come and Connect, drop ins for Social Prescribing service.
Developing our Hospital Aftercare service through the Ad-hoc Iransport service, enabling
wheelchair clients to go home without long wails for suitable transport.
Benefit from our Innovative and diverse services for clients of the wider community.
Attending 79 'Pop Up, events during the year to show the range of seNices offered by Age UK
MK to many different communities and businesses.
Continuing to foster relationships with the voluntary sector, community and the local authority,
showing the benefits of our diverse seNices.
Partneringlcollaborating with more diverse communities.
Networking at over 80 events throughout the diverse MK community.
Page 3

Docusign Envelope10= 8443FBAA-AOC7-468B-8B3F-AFA1 B6066B4B
AGE UK MILTON KEYNES
IA Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and perfomiance (continued)
Achieving Sustainability that provides Financial, Environmental and Community Benefits.
Opening of our new Home & Fumiture Store, thereby increasing our Retail offering.
Running a full fundraising calendar with diverse events.
Continuing to manage cost containment across the Charity.
'Deep Dive, analysis of HAS lo ensure effectiveness and efficiency to cover core costs.
Developing relationships with local community.
Developing new income streams to be launched in Q125126 to increase diversity.
Developing new program on recycling and green issues.
Throughout the year, we held a number of events which really showcased the work of the charity. To mention a
few:
Our first Open Day in May was an interesting and successful event bringing in both corporate and
potential clients and showcasing the breadth of our services.
The annual Volunteer Tea Party in June was well atlended and a way lo say Thank You to some of our
fabulous volunteers.
The Art competition in October was another greal way to be seen by a large number of people in Central
MK. This involved local schools creating art projects around the theme of'The Joy of Older Life, and the
enlrles were a delight to see.
Financial review
For the financial year ended 31 March 2025, the organisalion reported a deficit of £348,499, compared with a
deficit of £179,725 in the previous year. The increase in the deficit was largely driven by exceptional, non-
recurring costs associated with the relocation of our premises at Kiln Farm. These included di18pidation costs on
the former site and transitional expenses related lo the move. Additionally, performance issues within the
Independent Living SeNice earlier in the year had an adverse impact on the organisation's financial position,
though these challenges were addressed by the end of the reporting period.
Total income for the year was £2,754,883, a small deGrease from £2,830,845 in 2023124. Income fell short of
budgeted projections and this shortfall was primarily due lo lost Sales during the relocation period and
underperformance wilhin the Independent Living Service, which did not achieve its targeted revenue.
Total expenditure for the year was £3,103,382, compared with £3,010,570 in the prior year. This represents a
controlled increase in expenditure, which remained below the budgeted amount of £3,194,899. The underspend
reflects disciplined financi81 oversight and conlinued commitment by staff to manage resources efficiently in a
Ghallenging operating environment.
The Board and Executive Team remain committed to restoring financial stability and are actively implementing
strategies to improve operational performance and inoome generation in the coming year.
Investment policy
The Trustees ensure that surplus funds are invested in bank deposits in order that they may be readily available.
Any monies not immediately required may be invested in securities or property by the Board, provided Ihey seek
writlen professional advice from a person of standing who is authorised to give such advice under the FCA.
Page 4

Docusign Envelope 10.. 8443FBAA_AOC7468B.8B3F.AFA1 B606684B
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Reserves Policy
It is considered that holding sufficient Money to cover one month operating costs would be an appropriate amount for
Age UK Milton Keynes to keep as reseNes and this is tha currently policy. Age UK Milton Keynes is working towards
holding 6 months of operating costs as reserves,. however, this will be a long-temi process due to the amount needed lo
cover these costs.
The Peartree Fund has been removed from the ReseNes Galculation as, after taking advi￿, it has been deemed a
liability on a fixed asset (the Peartree Centre) and would only become valid if the asset was lo be sold.
The amount required lo meet the current policy is £213,085. The funds available on 31 st March 2025 a￿ calculated as
£425,832. (Net current assets £706,544 less restricted funds of £280.712)-
Risk Management
The Executive Committee has conducted a review of the major risks to which Ihe charity is exposed. A risk register has
been established and is updated at least annually. Where appropriale, systems or procedures have been established to
mitigate the risks the charity faces. The top ten iisks are reviewed each quarter at the Facilities, Audit and Risk
committee meeting.
Significant extemal risks lo funding have led to the development of a strategic plan which will allow for the diversification
of funding and activities. Intemal control risks are minimised by the implementation of procedures for aulhorisation of all
transactions and projects. Procedures and Safe Working Practices lo deal with the Covid-19 situation are in place to
ensure Complian￿ with health and safety of staff, volunteers, clients and visitors.
We cuffendy hold the Advice Quality Standard (AQS), the Information & Advi￿ Quality Standard (Age UK QAS).
These ensure a confirmation of the consistent quality of delivery for all operational aspects of the charity. These
prO￿dureS are periodically reviewed to ensure that they continue to meet the needs of the charity. We also hold the
Charily Quality Standard (CQS) Award which was renewed al the beginning of 2024 and focuses on the whole Charity
from Strategy to Implemenlalion.
Plans for the future
Our strategy for 25126 will remains within the strategic aims of the 24127 three year plan. Again the key focus wi15
be 'Look at the Person, not the Age,, looking to build our understanding of what our clients need and want for the
future in this wodd during the continued Cost of Living crisis and in this new world of Al and the younger older
person.
Strategy Aims for 24-27
To become a society in which we can all thrive - Lets change how we age, supporting our older community to..
Slay socially active and connected.
Reducing Social Isolation and Loneliness.
Keep Clubs at 950/0 capacity and Befriending under 15 on waiting list.
Continuing to fully market the services we offer to ensure we include all Partnersl Collaborate
where possible working with the VCSE Alliance.
Being available and accessible lo our community.
Page 5

Docusign Envelope ID.. 8443F8AA-AOG7-4688-8B3F-AFA1B6066B4B
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Strategy Aims for 24-27 {continued)
Thrive at home to maintain independence.
Develop strategy for Falls Prevention and Carers Support.
Maintain the reach of our Information & Advice service - reducing the waiting lime Ihrough
effectivelefficient delivery of service.
Continue to increase the amount of benefits obtained for clients that are eligible but may not be
claiming.
Maintain the capacity of the Meal Delivery se￿iCe whilst maintaining quality
Improve Emotional and Physical Resi5ience to enhance wellbeing.
Further develop the value of Social Prescribing service ensuring good outcomes. Maintaining
reach through 'Come and Conne¢t' Drop Ins.
Further develop our Hospital Aftercare service lo ensure older people are resilient enough to
cope at home after discharge.
Innovate and diversify services for Glients of the wider community.
Further develop different clubs. Interesvactivity Groups for the +55's 'ln the Prime, groups and
allract Volunteers just slarting their next stage.
Partnerlcollaborate with more diverse communities.
Research and further development for the future, what do our existing and future clients want
and how does Al impact that.
Achieving Sustainability that provides Financial, Environmental and Community Benefits
Meet or exceed our budget for 2025126.
Supply a range of retail products that meet all budgets.
Ensure a full fundraising calendar with targets.
Focus on core costs and projects for grant application.
Continue 'Deep Dive, analysis to services to ensure effectiveness and efficiency to cover Core
costs.
Create New Income streams lo focus on unrestricted income and launGh those developed in
24125.
Increase visibility of our existing Green credentials and further develop our environmental
strategy.
Manage cost containment across the Charity.
In 2025126, we will continue to strengthen our relationships across the voluntary sector, local community, and with
the local authority. We aim to build on the partnerships we have developed with businesses in recent years,
seeking greater collaboration on projects and expanding our reach into wider communities.
With the right strategy, the right people, and the right processes in place, we are confident in leading the charity
into its next chapter. All of Ihe Trustees are proud to support and be part of this remarkable organisation.
Page 6

Docusign Envelope ID.. 8443FBAA_AOC7.4688.883F_AFA186066B4B
AGE UKMILTON KEYNES
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
Governing document
Age UK Milton Keynes is a charitable company limited by guarantee, incorporated on 20th December1999 and
registered as a charity on 9th March 2000. The fomial change of name from Age Con￿rn Milton Keynes was
registered on 30th April 2010. The company was established under a Memorandum of association which established
the objects and powers of the charitable company and is govemed under its Artides of Association. In the event of the
company being wound up each member is reqUI￿d to contribute an amount not ex￿eding £1.
The tTUStees, who are also the directors for the purpose of company law, and who served during the year and up to the
dale of signature of the financial statements were..
Mrs J Deeley
Miss S J Graham
MrJ D Goodman
Ms J M Mcmeekin
Mrs M Lang (resigned 28 May 20251
Mr G Baxter
Mr C Kingsford (resigned 26 Feb 2025)
Dr V Femandes
Mrs Walson
Mr G Martin {Appointed 26102120251
Mr H Lewis {Appointed 14105120251
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and
guarantee to contribute £1 in the event of a winding up.
Trustee Induction & Training
New Trustees receive appropriate induction by way of an Induction meeling together with appropriate training.
Organisational Structure
The Board of Ttustees meels four times a year and is nomially elected every year at the AGM. In addition to reports by
the Chief Executive and SMT, one fomially constituted sub-committee report to the Board: the Facilities, Audit & Risk
Committee. The sub-commillee is chaired by a Trustee appointed by the Board and has specific terms of reference
and levels of authority delegated by the Board. In addition, the Board meets quartedy to review in more depth specific
areas of the organisalion. The Board will meet at monthly or bi-monthly inteNals if circumstan￿S deem this the correct
thing to do. Meetings can be held virtually by MS Teamslzoom if in person meetings are not allowed.
In addition to the Chief Executive, selected senior managers attend Board and Sub-committee meetings.
The Chief Executive, supported by the Senior Managers of the Charity, is responsible lo the Board for the development
and implementation of the Charity's Strategic Plan.
Pay and remuneration
An annual review of payments lo the charity's key management personnel is overseen by the trustees and decisions
made in accordance with Ihe needs of the charity and legal requirements. There is not an annual automatic rise in
Salaries and 8 Standard percentage rise is not given, with each role judged on merit.
Page 7

Docusign Envelope ID.. 8443FBAA-AOG7-468B-8B3F-AFA1B6066848
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Fundraising Policy
Age UK Milton Keynes fundraises locally to increase income to the charity. As income generated from fundraising
is frequently unrestricted this money can be used in any way in which Age UK Milton Keynes feels will benefit older
people served by our organisation, in many cases for the key services for older people that do not attract external
funding.
Age UK Milton Keynes is committed to fundraising ethically, responsibly and transparently and to protect donors,
charity supporters and the public, including vulnerable people, from poor fundraising practices. Age UK Milton
Keynes is registered with the Fundraising Regulator and adheres lo the Code of Fundraising Practice. As a brand
partner of Age UK, we agree to abide by guidelines and restrictions set by Age UK. A fundraising charter has been
produced outlining ways in which we can and cannot fundraise.
Age UK Milton Keynes is committed to being fully compliant with the laws and guidance underpinning charitable
fundraising as laid down in the Fundraising Regulators Code of Fundraising Practice. We regularly audit our
fundraising practices to ensure that they are compliant with regulatory controls.
Age UK Milton Keynes does not use professional fundraisers or commercial participators, has met with all
standards cited and has received no complaints about fundraising for the charity-
Related Parties
The Charity is a member of Age England Association and a brand partner of Age UK.
Trustees, responsibilities statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees,
report and the financial statements in accordance with applicable law and United Kingdom accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair
view of the stale of affairs of the charitable company and the incoming resources and application of resources,
including the income and expenditure, for that perlod.
In preparing these financial statements, the trustees are required to:
Select suitable accounting pollcies and Ihen apply them consistently.,
Observe the methods and principles in the applicable Charities SORP.
Make judgments and accounting estimates that are reasonable and prudent.,
Slate whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial stalemenls.
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
charily's transactions and disclose with reasonable accuracy at any time the financial position of the charity and
enable them to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities. The trustees can meet these responsibilities by delegating to suitably
qualified people.
Page 8

Docusign Envelope10- 8443FBAA-AOC74688-8B3F-AFA186066B4B
AGE UK MILTON KEYNES
(A Company Limited by Guarantee}
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Audltors
Each of the persons who are a trustee at the date of approval of thls repori confirms that..
So far as they are aware, there Is no relevant audlt Informatlon of whlch the charlty's auditor Is unaware;
and
They have taken all steps that they ought to have taken as a trustee to make themselves aware of any
relevant audlt Information and to establish that the charlty's auditor Is aware of that Information.
The audStor Is deemed to have been re-appolnted In accordance wlth sectlon 487 of the Companles Act 2006.
The trustees, annual report and the strateglc report were approved on 22 October 2025 and slgned on behalf of
the board of trustees by-
Slgned by..
Signod by:
220492BF(￿9941l...
EJFe91AA3FS949D...
Mr G Martin
Trustee
Ms J M Mcmeekln
Chalr of Trustees
Date:14/11/2025
Page 9

Oocusign Envelope10= 8443FBAA-AOC7-468B-8B3F-AFA1 B6066B48
AGE UK MILTON KEYNES
(A Company Limited by Guarantee}
INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF AGE UK MILTON KEYNES
Opinion
We have audited the financial statements of Age UK Milton Keynes (the 'charity') for the year ended 31 March 2025
which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and Ihe relaled
notes, including a summary of significant accounting policies. The financial reporting framewod< thal has been applied in
their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally
Accepted Accounting Practi￿).
In our opinion the financial statements:
give a true and fair view of the state of the Gharitable company's affairs as at 31 March 2025 and of its
incoming resources and application of resources, inGluding its income and expenditure for the year then
ended.,
have been properly prepared in accordance with Uniled Kingdom Generally Accepted Accounting Practice,
and;
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
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, responsibililies for Ihe audit of Ihe
financial statements section of our report. We are independent of the charitable company in accordance wlh the elhiGal
requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the Financial
Reporiing Council'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 golng 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 lo events or
conditions that, individually or collectively, may cast significant doubt on the charilable company's ability to continue
as a going conGern for a period of at least twelve monlhs from when the financial statements are aulhorised for
issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are descrlbed in the
relevant sections of this report.
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Docusign Envelope10'. 8443FBAA-AOC7-488B-8B3F-AFA1 B6066B48
AGE UK MILTON KEYNES
(A Company Limited by Guarantee>
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF AGE UK MILTON KEYNES
(CONTINUED)
Other information
The other information comprises the information included in the Annual Report other than the financial statements
and our Auditors, Report thereon. The Trustees are responsible for the other information contained within the Annual
Report. Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether the other information is materially
inconsistent with the financial stalements or our knowledge obtained in the course of the audit, or olheNise appears
to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether this gives rise lo 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.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Trustees, Report for the financial year for which the financial statements are
prepared is consistent with the financial statements.
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are required to report by exception
In the light of our knowledge and understanding of the charilable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us
to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate forour audit have not been received
from branches nol visiled by us, or;
the financial statements are not in agreement with the accounting records and relurns, or.
certain disclosures of Trustees, remuneration specified by law are not made, or.,
we have not received all the information and explanations we require for our audit, or.,
the Trustees were not entitled to prepare the financial statements in accordance with the small Gompanies
regime and take advantage of the small companies, exemptions in preparing the Trustees, Report and
from Ihe requiremenl to prepare a StrategiG Report.
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Docusign Envelop810'. 8443FBAA-AOC7-468B-8B3F-AFA1 B6066848
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF AGE UK MILTON KEYNES
{CONTINUED)
Responsibilities of trustees
As explained more fully in the Trustees, Responsibilities Statement, the Trustees (who are also the directors of the
charitable company forthe purposes of company lawl are responsible forlhe preparation ofthe 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 malerial 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, malters related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company or lo cease
operations, or have no realistic alternative but to do so.
Auditors, responslbilities for the audit of the flnancial statemenls
Our objectives are to obtain reasonable assurance about whether the finanGial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an Auditors, Report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit Gonducled in accordance
with ISAS (UK) will always detect a material misstatement when il 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 statemenls.
Irregularities, including fraud, are inslances of non-compliance with laws and regu5ations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecling irregularities. including fraud is
detailed below:
Explanation as to what extent the audit was considered capable of detecling irregularities, including fraud
We galned an understanding of the legal and regulatory framework applicable to the company and the industry in
which it operates and considered the risk of acts by the company that were contrary to applicable laws and
regulations, including fraud. These included, but were not limited to, the Companies Act 2006, the Charities Act
2011 and Charities SORP 2019 and lax legislation.
We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements
and the financial report (including the risk of override of controls), and determined that the principal risks were
related to posting inappropriate entries including journals to overstate income or understate expenditure and
management bias in accounting estimates.
Audit procedures performed by the engagement team included..
discussions with management, including consideralions of known or suspected instances of non-
compliance with laws and regulalions and fraud.,
gaining an understanding of management's conlrols designed lo prevent and detect irregularities., and
identifying and testing journal entries.
Page 12

Docusign Envelope ID.. 8443F8AA-AOG7-4688-8B3F-AFA1 B6066B4B
AGE UK MILTON KEYNES
{A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF AGE UK MILTON KEYNES
(CONTINUED)
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misstatemenls in the financial statements, even though we have properly planned and performed our audit
in accordance with auditing standards. Forexample, the further removed non-compliance with laws and regulalions
{irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently
limited procedures required by auditing slandards would identify it. In addition, as with any audit, there remained a
higher risk of non-deteclion of irregularities, as Ihese may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal controls. We are not responsible for preventing non- compliance and
cannot be expected to detect non-compliance with all laws and regulations.
A further description of our responsibililies for the audit of the financial statements is located on the Financial
Reporting Council's website at: www.frc.or
.uklauditorsres
onsibililies. This description forms part of our
Auditors, Report.
Use of our report
This report is made solely to the charitable 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 Gharitable
company's members those matterswe are required to state to them in an Auditors, Report and forno other purpose.
To the fullest extent permitted by law, we do not accepl or assume responsibility lo anyone other than the Gharilable
company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
Steve Robinson FCA
Senior Statutory Auditor
For and on behalf of Mercer & Hole LLP
Chartered Accountants and Statulory Auditors
The Pinnacle
170 Midsummer Boulevard
Milton Keynes
MK9 1BP
Date:
Page 13

Docusign Envelope ID.. 8443FBAA_AOC7_468B_883F_AFA1 B6066B48
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
UnrestriGted
funds
2025
Restricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
105,087
662,277
1,297,594
15,565
2,080,523
17,668
656,692
122,755
1,318,969
1,297,594
15,565
2,754,883
143,430
1,424,984
1, 243, 652
18,779
2,830,845
Total Income
674,360
Expenditure on:
Raising funds
Charitable activities
1,397,412
1,169,487
18,908
517,575
1,416,320
1,687,062
1,146,819
1,863,75t
Total expenditure
2,566,899
536,483
3,103,382
3,010,570
Net (expendlture}lincome
Transfers between funds
(486,376)
136,988
{349,388)
137,877
{136,988)
889
{348,499)
(179, 725)
20
Net movement in funds
(348,499)
(179, 725)
Reconciliation of funds:
Total funds brought fO￿ard
Net movement in funds
1,591,920
{349,388)
279,823
889
1,871,743
(348,499)
2,05t,468
(179,725)
Total funds carrled forward
1,242,532
280,712
1,523,244
1,871,743
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 18 to 40 form part of these financial statements
Page 14

Docusign Envelope ID.. 8443FBAA_AOC7468B_8B3F_AFA1 B606684B
AGE UK MILTON KEYNES
(A Company Limlted by Guarantee)
REGISTERED NUMBER: 03897291
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Fixed assets
Tangible assets
14
1,010,895
988, 195
1,010,895
988, 195
Current assets
Stocks
Debtors
Cash at bank and in hand
15
16
2,767
305,103
625,126
5,375
324,570
807,408
932,996
1, 137,353
Creditors.. amounts falling due within
one year
17
{226,452)
(166,565)
Net current assets
706,544
970, 788
Total assets less current liabilities
1.717,439
1,958,983
Creditors- amounts falling due after one
year
18
{194,195)
Provisions for liabilities
19
(87,240)
Total net assets
1,523,244
q,871,743
Charity funds
Restricted funds
Unrestricted funds
20
20
280,712
1,242,532
279, 823
1,591,920
Total funds
1,523,244
1,871,743
Page 15

Docusign Envelope10'. 8443FBAA-AOC7468B-8B3F-AFAI86066B4B
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
REGISTERED NUMBER: 03897291
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
The Trustees acknowledge thelr responslbllltles for complying wlth the requlrements of the Aot wlth respect to
accounllng records and preparation of flnancial statements.
The financlal statements have been prepared in accordance wlth the provislons appllcable to entities subject to
the small ¢ompanles reglme.
The flnancial statements were approved and authorised for issue by the Trustees and slgned on their behalf by..
Slgned by..
Slgntdtyy-
22O4b28F(￿994ll...
E3F691AAYFS949D...
Ms J M Mcmeekln
Chalr
Date:14/11/2025
The notes on pages 18 to 40 form part ofthese financlal statements.
Mr G Martin
Trustee
Page 16

Docuslgn Envelope ID.. 8443FBAA_AOC7.4688_8B3F.AFA1 B6066B48
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Note
Cash flows from operatlng activitles
Nel cash used in operating activities
23
{443,347)
(125, 864)
Cash flows from investing activities
Dividends, interests and rents from investments
15,565
18,779
Net cash provided by investing activities
15,565
18,779
Cash flows from financlng activitles
Bank Loan
245,500
Net cash provided by flnancing actlvlties
245 500
Change in cash and cash equlvalents in the year
Cash and cash equivalents at the beglnning of the year
(182,2821
807,408
(107,085)
9t4,493
25
Cash and cash equivalents at the end of the year
25
625,126
807,408
The notes on pages 18 to 40 form part of these financial
Page 17

Docusign Envelope10'. 8443F8AA_AOC7_468B.8B3F_AFA1 B6066B4B
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
General information
Age UK Millon Keynes is a private company limited by guarantee incorporated in England and Wales. The
registered office is The Peartree Cenlre, 1 Chadds Lane, Peartree Bridge, Milton Keynes, MK6 3EB.
The members of the company are the Irustees, and in the event of the Charily being wound up, the liability
in respect of the guarantee is limited to £1 per member of the charity.
Accounting policies
2.1 Basis of preparation of flnancial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounling
and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing their
accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS 102) {effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 1021 and the Companies Act 2006.
Age UK Milton Keynes meets the definition of a public benefit entity under FRS 102. Assets and liabillties
are initially recognised at historical cost or Iransaction value unless otherwise stated in the relevant
accounting policy.
The financial statements are prepared in British Pound Sterling {£), which is the functional and
presentational currency of the charity. Monetary amounts in these financial stalemenls are rounded to
the nearest £.
The financial statements have been prepared under the historical cost convention, modified lo include
the revaluation of freehold properties and to include investment properties 8nd certain financial
instruments at fair value. The principal accounting policies adopted are sel out below.
2.2 Going concern
At (he time of approving the financial statements, the trustees have a reasonable expectation that the
charity has adequate reSoUr￿S to continue in operational existence for the foreseeable future. Thus the
trustees Gontinue to adopt the going concern basis of accounting in preparing the financial statements.
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the inoome
will be received and the amount of income receivable can be measured reliably.
Page 18

Docijsign Envelope10= 8443FBAA-AOC7-4688-8B3F-AFA1 B6066B48
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligalion to transfer economic benefit
to a third party, il 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 classified by activity. The costs of
each activity are made up of the total of direct costs and shared costs, including support costs involved
in undertaking each activity. Direct costs attributable to a slngle activity are allocated directly lo that
activity. Shared costs which contribute lo more than one activity and support costs which are not
attributable to a single activity are apportioned between those activities on a basis consistent with the
use of resources. Central staff costs are allocated on the basis of lime spent. and depreciation charges
allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for Its
charitable purposes and includes costs of all fundraising activities events and non-charilable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which fL5rther the
Charity's objectives, as well as any associated support costs.
Expenditure is recognised on an accrual basis as a liability is incurred. Where VAT relating to Exempt
Activities is not recoverable, il is shown as 'unrecoverable VAT. in the Central income and expenditure-.
Costs of raising funds comprise the costs associated with attracting voluntary income and the costs of
trading for fundraising purposes including the charity's shops. Expenditure on charitable activities
comprises Ihose cosls incurred by the charity in Ihe delivery of its activities and services for its
beneficiaries. It includes both costs that can be allocated dlreclly to such activities and those costs of
an indirect nature necessary lo support them. As well as those costs associaled wilh meeting the
constitutional and statutory requirements of the charity and includes the audit fees and costs linked to
the strategic management of the charity.
All costs are allocated between the expenditure categories of the Statement of Financial Activities on
a basis designed to reflecl the use of the resource. Costs relating to a particular activity are allocated
directly, others are apportioned on an appropriate basis.
Costs ofgenerating funds comprise the Gosts associated with attracting voluntary income and the costs
of trading for fundraising purposes including the charity's shops.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It inclijdes both costs that can be allocated directly to such activities and
those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory
requirements of the charity and include the audit fees and costs linked to the strategic management of
the charity.
2.5 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the
Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants
are credited to the Statement of Financial Activities as the related expenditure is incurred.
Page 19

Oocusign Envelope ID.. 8443F8AA-AOC7-468B-863F-AFA1 B6066B48
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
2.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably
by the Charity- this is normally upon notification of the interest paid or payable by the institution with
whom the funds are deposited.
2.7 Taxatlon
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the Charity is potentially exempl from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Acl 1992, to the extent that such income or gains are applied
exclusively to Gharitable purposes.
2.8 Tangible fixed assets and depreclation
Tangible fixed assets cosling £500 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
At each reporting date the Charity assesses whether there is any indication of imp8irmenl. If such
indication exists, the recoverable amount of the asset is determined lo be the higher of its fair value
less costs to sell and its value in use. An impairment loss is recognised where the carrying amount
exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over
their estimated useful lives.
Depreciation is provided on the followlng bases..
Leasehold land and buildings
over the life of the lease
Leasehold improvements
over the life of the lease
Motor vehicles
25°/o Straight line
Computer and office equipment- 25 % 133'/ts Straight line
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount
and are recognised in the Statement of Financial Aclivilies.
2.9 Stocks
stocks are valued al the lower of cost and net realisable value after making due allowance for obsolete
and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and
variable overheads.
Page 20

Docusign Envelope ID.. 8443FBAA_AOC7468B_883F_AFA1 B6066B48
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
2.10 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.11 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of
three months or less from the date of aGqUiSition or opening of the deposit or similar account.
2.12 Liabilitiès
Liabilities and provisions are recognised when there is an obligation at the Balance Sheet date as a
result of a past event, it is probable that a transfer of economic benefit will be required in settlement,
and the amount of the settlement can be estimated reliably.
Liabilities are recognised at Ihe amounl that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on thé present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.13 Financial instruments
The Charity only has financial assets and financial liabilities of a kind thai qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently measured
at amortised Cost using the effective interest method.
2.14 Operatlng leases
Rentals paid under operating leases are charged to the Statement of Financial Activities on a slraight-
line basis over the lease term.
2.15 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the charlty to the fund in respect of the year.
During the year the Charity also withdrew their membership of a mulli-employer plan. Where it was not
possible for the Charity to obtain sufficient information to enable it to account for the plan as a defined
benefil plan, it accounted for the plan as a defined contribution plan.
Page 21

Docusign Envelope ID.. 8443FBAA_AOC7_468B_883F_AFA186066B48
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
2.16 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance
of the general objectives of the Charity and which have not been designated for other pury)oses.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is sel out in the notes to the financial statements.
Restricted funds are funds which are to be used in acwrdance with specific restrictions imposed by donors
or which have been raised by the Charity for particular purposes. The costs of raising and administering
such funds are charged against the specific fund. The airn and use of each restricted fund is set out in the
notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Critical accountlng estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and otherfactors,
including expectations of future events that are believed to be reasonable under the circumstances.
Ctitical accounting estimates and assumptions..
The Charity makes estimates and assumptions concerning the future. The estimates and assumptions that
have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within
the next financial year are limited to recognition of income related to legacies where an estimate of a share
of an estate is required to be made before final receipt. The Trustees rely on information from the 5awyers
acting for the estate and any probate accounts received.
Page 22

Docusign Envelope 10.. 8443FBAA-AOC7468B-883F-AFA1 B6066B4B
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from donations and legacies
Unrestricted
funds
2025
Restricted
funds
2025
Total
funds
2025
Donations and legacies
105,087
17,668
122,755
Unrestricled
funds
2024
RestriGted
funds
2024
Total
funds
2024
Donations and legacies
127,843
15,587
143,430
Page 23

Docuslgn Envelope ID.. 8443FBAA-AOC7468B-883F-AFA18606684B
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from charitable activities
Unrestricted
funds
2025
Restricted
funds
2025
Total funds
2025
Sales within charitable activities
SeNices provided under contract
Other income
535,182
172,447
707,629
484,245
127,095
1,318,969
484.245
127,095
662,277
656,692
Unreslricted
funds
2024
Restricted
funds
2024
Total funds
2024
Sales within charitable activities
Services provided under contract
Other incorlle
80,847
566,367
90, 778
686,992
767,839
566,367
90, 778
737,992
686,992
1,424,984
Page 24

Docusign Envelope ID: 8443FBAA-AOC7-468B-8B3F-AFA1 B6066B48
AGE UK MILTON KEYNES
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from other trading activities
Income from fundraising events
Unrestricted
funds
2025
Total
funds
2025
Fundraising events
13,739
13,739
Unrestricled
funds
2024
Total funds
2024
Fundraising events
12,652
12,652
Income from non charitable trading activities
Unrestricted
funds
2025
Total
funds
2025
Shop income
1,283,855
1,283,855
Unrestricted
funds
2024
Total
funds
2024
Shop income
1,231.000
1,231,000
Page 25

Docusign Envelope ID.. 8443FBAA-AOC74688-8B3F-AFA1 B6066B4B
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Investment income
Unrestricted
Funds
2025
Total
Funds
2025
Interest reGeivable
15,565
15.565
Unrestricted
funds
2024
Total
funds
2024
Interest receivable
18,779
18,779
Expenditure on raising funds
Fundraising tradlng expenses
Restrlcted
funds
Unrestricted
funds
Total
funds
2025
2025
2025
Other trading activities
Support costs
staff costs
18,580
682,956
12,873
697,795
3,788
701,536
12,873
697,795
4,116
Depreciation and impairment
328
Total 2025
18,908
1,397,412
1,416,320
Page 26

Docusign Envelope ID: 8443FBAA-AOC7-468B-883F-AFA186066B48
AGE UK MILTON KEYNES
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on raising funds (continued)
Fundraising trading expenses {continued}
Unrestricted
funds
2024
Total
funds
2024
Other trading activities
Support costs
Staff costs
Depreciation and impairment
Total 2024
553,433
15,406
573,090
4,890
553,433
15,406
573,090
4,890
1,746,819
f,t46,879
Analysis of expenditure on charltable activltles
Summary by fund type
Unrestricted
funds
2025
Restricted
funds
2025
Total
2025
Staff costs
Depreciation and impairment
Staff and volunteer expenses
Olher direct costs
Charitable expenditure
Other governance costs
Bank Gharges
1,069,726
29,431
46,231
3,167
122
19,738
1,072
387.378
1,457,104
29,431
60,304
119,291
122
19,738
1,072
14,073
116,124
1,169.487
517,575
1,687,062
Page 27

Docusbgn Envelope ID.. 8443FBAA-AOC74688-8B3F-AFA18606664B
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expenditure on charitable activities (continued)
Summary by fund type (continued)
UnrestriGted
funds
2024
Restricted
funds
2024
Total
2024
Staff costs
Depreciation and impairment
Staff and volunteer expenses
Other direct costs
Charitable expenditure
Other governance costs
Bank charges
1,096,208
30,339
76,469
497,296
1,593,504
30,339
33,327
187,884
334
16,858
187,884
334
17,256
t, 107
1, 161,713
17,256
1,107
1,863,751
702,038
10.
Analysis of expenditure by activities
Activltles
undertaken directly
2025
Support
costs
Total
funds
2025
2025
Slaff costs
1,457,104
1,457,104
Depreciation and impairment
29,431
29,431
Staff and volunteer expenses
60,304
60,304
Other direct costs
119,291
119,291
Charitable expenditure
122
122
Other governance costs
Bank charges
19,738
19,738
1,072
1,072
1,666,252
20,810
1,687,062
Page 28

Docusign Envelope ID.. 8443FBAA_AOC7.4688_883F_AFA1 B6066B48
AGE UK MILTON KEYNES
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. Analysis of expenditure by activities {continued)
Activities undertaken
directly
2024
Support
cosls
Total
funds
2024
2024
Staff costs
1,593,504
1,593,504
30,339
Depreciation and impairment
Staff and volunteer expenses
30,339
33,327
33,327
Other direct costs
187,884
t87,884
Charitable expenditure
334
334
Other governance costs
Bank charges
17,256
17,256
1,107
1,107
1,845,388
18,363
1,863,751
Page 29

Docusign Envelope ID.. 8443FBAA-AOCT-4688-883F-AFA1 B6066B48
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. Analysis of expenditure by activities (continued)
Analysis of direct costs
Total
funds
2025
Total
funds
2024
Staff costs
Depreciation
Staff and volunteer expenses
Other direct costs
other professional fees
Trustee expenses
1,457,104
29,431
60,304
115,357
3,934
122
1,509,514
30,339
33,327
268,435
3,439
334
1,666,252
1,845,388
Analysis of support costs
Total
funds
2025
Total
funds
2024
Professional fees
Audit fees
Bank charges
19,738
1,072
17,256
I,t07
20,810
18,363
11. Auditors. remuneration
2025
2024
Fees payable Éo Charity's auditor for the audit of the Charity's Accounts
Fees charged by previous auditors
15,000
4,738
19,738
17,256
17,256
Page 30

Docusign Envelopa ID.. 8443FBAA-AOC7-468B-8B3F-AFA186066B48
AGE UK MILTON KEYNES
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12.
staff costs
2025
2024
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
1,990,780
123,665
40,454
1,962,816
90,968
28,820
2,154,899
2,082,604
The average number offull time equivalent persons employed by the Charity during the year was as
follows..
2025
No.
2024
Chief Executive
Direct service staff
Cost of generating funds
Other
23
22
18
36
27
12
64
76
No employee received remuneration amounting lo more than £60,000 in either year.
The Key Management Personnel of the Charity comprise the Chief Executive Officer, Finance and
Governance Director, Head of Income and Marketing, Head of Income and Retail, and two operations
directors. The tolal employee benefits of the Key Management Personnel of the Charity were £265,359
{2024.' £259,018).
The charity offered a money purchase scheme operated by the Pensions Trust for all staff after a six month
probation perlod to the end of the financial year ending 31 March 2014. The staging date for auto-ènrolment
was 1 April 2014, from this date all eligible employees were automatically enrolled into a pension scheme
with Peoples Pension. The Pensions Trust pensions are now closed to new members.
13.
Trustees, remuneration and expenses
During the year, no Truslees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).
Page 31

Docusign Envelope ID.. 8443FBAA-AOC74688-8B3F-AFA1B6066B48
AGE UK MILTON KEYNES
(A Company Limited by Guarantee>
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14.
Tangible fixed assets
Leasehold
land and
buildings
Leasehold
improvements
Computers
Total
Cost or valuatlon
At 1 April 2024
Additions
Disposals
248,824
51,969
1,457,380
239,542
4,247
1,945,746
56,216
At 31 March 2025
300,793
1,457,380
243,789
2,001,962
Depreciation
At 1 April 2024
Charqe for the year
On disposals
234,900
2,863
489,632
27,032
233,019
3,621
957,551
33,516
At 31 March 2025
237,763
516,664
236,640
991,067
Net book valuè
At 31 March 2025
63,030
940,716
7,149
1,010,895
At 31 March 2024
13,924
967,748
6, 523
988, 195
The following charges have been registered on the charity's assets-.
1. Rent deposit charge of £7,500 in respect of a charity shop in favour of L.R. Butlin Limited
2. Legal charge for £225,000 in favour of the National Lottery Charities Board in respect of a grant
received.
15. Stocks
2025
2024
Finished goods and goods for resale
2,767
5,375
Page 32

Docusign Envelope ID.. 8443FBAA_AOC7.468B.883F_AFA1 B6066B48
AGE UK MILTON KEYNES
(A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16. Debtors
2025
2024
Due within one year
Trade debtors
Amounts owed by participating interests
Other debtors
Prepayments and accrued income
135,804
91,331
18,236
59,732
t15,728
138,841
5,399
64,602
305,103
324,570
17. Credltors: Amounts falling due within one year
2025
2024
Bank Loan and Overdraft
51,305
47,241
24,347
4,813
98,746
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
35,136
34,715
16,103
80,611
226,452
166,565
18. Creditors: Amounts falllng due after more than one year
2025
2025
Bank Loan
194,195
Page 33

Docusbgn Envelope ID.. 8443FBAA-AOC7-4688-8B3F-AFA1 B6066B48
AGE UK MILTON KEYNES
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
19.
Provisions
Dilapidations
Provision
Brought forward at 1 April 2024
87,240
Released in the year
(87,240)
Carried foNard al 31 March 2025
20. Statement of funds
Statement of funds - current year
Balance at
31 March
2025
Balance at
1 April 2024
Transfers
inlout
Income
Expenditure
Unrestricted funds
Designated funds
Property Development Fund 1,060,091
Premises Mainlenance Fund
85,465
1,060,091
50,000
2,845
(38,310)
1,145,556
2,845
{38,3101
1,110,091
General funds
General Funds - all funds
446,364
2,080,523
(2,569,744)
175,298
132,441
Total Unrestricted funds
1,591,920
2,080,523
{2,566,8991
136,988
1,242,532
Page 34

Docusign Envelop$ ID.. 8443FBAA-AOC7-468B-8B3F-AFA186066B4B
AGE UK MILTON KEYNES
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
20. Statement of funds {contlnued)
Balance at
l April 2024
Incomè
Expenditure
Transfers
inlout
Balance at 31
March 2025
Restricted funds
Pe8rtree
Home Support Hardship Fund
Lynoot Craft Fund
Allotments
Deep Cleans Equipment
Home First
Memory Club
Marketing Fund
Utilities Hardship Fund
Meal Service - Christian
Centre
225,000
4,472
1,527
1,500
2,521
5,286
2,026
5,000
1,718
225,000
3,916
(556)
{1,527)
8.272
{228)
{5001
9,544
2.021
15,286)
2,026
5,000
1,718
1,000
1,000
Christian Centre ILS HardshSp
Fund
Age UK Wlnter Support
MKCC Handyman Service
Gardening Equipment fund
HAS
Ad-hoc Transport Service
Nexus CLW
Eon Warm Homes- Age UK
Great Linford PPC
Lunch Clubs
Energy Checks- Age UK
Volunteer Party
S30 Donation
Live Life
Kitchen
Stony Strafford Building
Repairs
MKCF Befriending Project
Total Restrl¢ted funds
2,826
2,826
1,861
24,586
500
11,861)
124,5861
2,000
251,225
95,984
72,843
63,575
38
2,500
1,648
200
(170)
1214,630)
(36,7121
164,982)
163,5751
{38)
{2,500)
11.648)
{2001
1328)
1124.004)
{7,832)
2,330
{36,595)
{59,272)
17,861)
328
124,004
9.974
2,142
31,769
{18,580)
13,189
10,000
10,000
279,823
674.360
1536.4831
{3,103,382)
{136,9881
280,712
Total of funds
1,871,743
2,754,883
1,523,244
Page 35

Docusign Envelope ID.. 8443FBAA-AOC7-4686-8B3F-AFAIB6066B4B
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
20.
Statement of funds {continued)
Home Support Hardship Fund.. A hardship fund to provide emergency support to vulnerable older clients
on a one-off crisis basis.
Deep Cleans Equipmenl.. Grants received from INTU'.MK and MK Community Foundation to purchase
equipment for the deep clean ser
Peartree Cenlre: Fund relates to a restriction by the Lottery Fund which will remain in force as a restricted
fund for 80 years, with effect from February 2005
Lynoot Craft Fund: Fund set up from legacy from Glient and used to fund a craft activity groups.
Donations lo fund memory clubs.
Home First.. To provide support to help people stay in their homes rather Ihan being admitted to hospital.
Allolmenls.. Ground Force- donation to build an allotmentlgarden behind the Peartree Centre.
Meal Service - Christian Centre.. Grant from the Christian Foundation to provide free meals for older
people in need.
Marketing Fund: Donation to pay for marketing support
Utilities Hardship Fund.. Donations to help with utilities for older people in need.
Christian Foundation hardship fund for ILS clients
Age UK Grant for Winter Support
Grant from MKCC to provide a specialised handyman Se￿ICe to Iheir tenants
Age UK grant for new MSCT group
Age UK grant for Digital Inclusion project
Page 36

Oocusbgn Envelop8 ID.. 8443F8AA-AOC7-468B-883F-AFA1 B6066B4B
AGE UK MILTON KEYNES
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
21. Summary of funds
Summary of funds- current year
Balance
at 1 April
2024
Income
Expenditure
Transfers
inlout
Balance at
31 March
2025
Designated funds
General funds
Reslricled funds
1,145,556
446,364
279 823
2,845
12,569,744)
536 483
(38,310)
175,298
136,988
1,110,091
132,441
280,712
1,523,244
2,080,523
674 360
1,871,743
2,754,883
(3,103,382)
22. Analysis of net assets between funds
Analysis of net assets between funds- current perlod
Unrestricted
funds
Restricted
funds
Total funds
2025
T8ngible fixed assets
Current assets
Creditors due within one year
Provisions for liabilities and charges
Total
1,010,895
652,284
(226,452)
(194,195)
1,242,532
1,010,895
932,996
(226,452)
(194,195)
1,523,244
280,712
280,712
Analysis of net assets between funds - prior perlod
Unrestricled
funds
Restricted
funds
Total funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
Provisions for liabilities and charges
Total
988, 795
857,530
(166,565)
(87,240)
1,591,920
988, 195
1,137,353
(166,565)
(87,240)
1,871,743
279,823
279, 823
Page 37

Docusign Envelope10= 8443FBAA-AOC7468B-883F-AFA1B606684B
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
23. Reconciliation of net movement in funds to net cash flow from operating activities
2025
2024
Net incomelexpenditure for the period (as per Stalemenl of Financial
Aclivilies)
{348,499)
(179, 725)
Adjustments for:
Depreciation charges
Dividends, interests and rents from inveslrnenls
Decrease in stocks
(Increaselldecrease in debtors
Increasel{decreasel in creditors and provisions
Purchase of fixed assets
33,516
(15,565)
2,608
19,467
{78,658)
(56,216)
35,228
(18, 779)
9,566
(47,835)
79,278
(3,597)
Net cash provided byl{used inl operatlng actlvltles
{443,347)
(125,864)
24.
Analysis of cash and cash equivalents
2025
2024
Cash in hand
625,126
807,408
Total cash and cash equivalents
625,126
807,408
25. Analysls of changes in net debt
Al 1 April
2024
At 31 March
2025
Cash flows
Cash al bank and in hand
807,408
(427,782)
245,500
379,626
245,500
Borrowings
807,408
{182,2821
625,126
Page 38

Docusign Envelope ID.. 8443FBAA-AOC7-4688-8B3F-AFA1 B6066B48
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
26. Contingent liabilities
During the year the Charity withdrew from the pension scheme operated by The Pension Trust. The
remaining liability of £8,856 at 3 July 2024 was paid in full. The contingenl liability al 31 sl March 2025
amounted to £nil (2024.. £9,840).
27. Retirement benefit schemes
The amount recognised in income or expenditure as an expense in relation to defined contribution plans
was £40,454 {2024'. £28,820).
For part of the year, the Charity participated in a multi-employer scheme which provides benefits to some
950 non-associated participating employers. The scheme is a defined benefit scheme in the UK. In the prior
year it was not possible for the Charity to obtain sufficient information lo enable it to account for the scheme
as a defined benefit scheme therefore, the scheme was accounted for as a defined contribution scheme.
The scheme is subject lo the funding legislation outlined in the Pensions Act 2004 which came into force
on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical
Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined
benefit occupational pension schemes in the UK.
The scheme is classlfied as a 'lasl-man standing arrangement,. Therefore, the charity is potentially liable for
other participating employers, obligations if those employers are unable lo meet their share of the scheme
deficit following withdrawal from the scheme. Participaling employers are legally required to meet their share
of the scheme deficit on an annuity purchase basis on withdrawal from the scheme.
Where the scheme is in deficit and where the charity has agreed to a deficit funding arrangement the
company recognises a liability for this obligallon. The amount recognised is the net present value of the
deficit reduction contributions payable under the agreement that relates to the deficit. The present value is
calculated using the discount rate detailed in these disclosures. The unwinding of the discount rale is
recognised as a finance cost.
The Charity withdrew from the scheme during the year and the remaining liabilities were paid in full.
28. Operating lease commitments
At 31 March 2025 the Charity had commitments to make future minimum lease payments under non-
cancellable operating leases as follows..
2025
2024
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
321,097
1,115,858
1,258,549
80,647
198,483
2,147,101
2.695,504
2,426,237
Page 39

Do¢usign Envelope ID.. 8443F8AA-AOG7-4688-883F-AFAIB606684B
AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
29.
Related party transactions
2025
In The Prime Limited
91,331
The charity works closely with In The Prime Limited, a company related by association of ils directors and
board members of Age UK Milton Keynes. The balance owed to Age UK Milton Keynes is as identified
above and in the table below.
2025
Transactions during the year
Recharges
112,500
30. Controlling party
The charity is ultimately controlled by the Board of Trustees.
31. Company limited by guarantee
The charity has no share capital and is limited by guarantee.
The trustees are members of the company and each one undertakes to contribute £1 to the assets of the
charity in the event of it being wound up while he or she is a member or within one year after he or she
ceases to be a member.
Page 40