AGE UK BARNET
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Company no. 03863045
Registered charity no. 1080458

Age UK Barnet
CONTENTS
Page
Reference and Administrative Information
1
Trustees' Report
2
Independent Auditor's Report
14
Statement of Financial Activities
18
Balance Sheet
19
Statement of Cash flows
20
Notes to the Financial Statements
21

Age UK Barnet
REFERENCE AND ADMINISTRATIVE INFORMATION
Age UK Barnet is registered as a company and charity in England & Wales
Company Number 03863045
Charity Registration Number 1080458
Principal & Registered Office
Ann Owens Centre
Oak Lane
East Finchley
London N2 8LT
Trustees
Trustees in office from 1 April 2024 to the date of this report are as follows:
Lorraine Barnet (Chair)
Gillian Jordan (retired 11 November 2024)
Sohini Boron
John Tacchi
Ruth Newrick
Julian Tomlin (Hon Treasurer) (resigned 11 November 2024)
Alexis Ingram
Jean Hanson
Rachel Hanger (appointed 11 November 2024)
*Catherine Loveday Expert Adviser to the board
Senior Management Team
Chief Executive Officer &
Company Secretary
Helen Newman
Advisors
Independent Auditor
Solicitors
Bankers
Cash Managers
Knox Cropper LLP
Chartered Accountants
65 Leadenhall Street
London ЕС3А 2AD
Bates Wells
10 Queen Street Place
London ECAR 1BE
CAF Bank Ltd
PO Box 289
West Malling
Kent ME19 4TA
Flagstone Group Ltd
1st Floor Clareville House
26-27 Oxenden Street
London SWIY 4EK
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Age UK Barnet
Trustees' Report for the year ended 31 March 2025
The trustees present their report and financial statements for the year ended 31
March 2025.
Reference and administrative information set out on page 1 forms part of this report.
The
financial statements
comply with current statutory requirements,
the
memorandum and articles of association, the requirements of a directors' report as
required by company law, and the Statement of recommended Practice - Accounting
and Reporting by Charities; SORP applicable to charities preparing their financial
statements in accordance with FRS 102 (second edition - effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
At Age UK Barnet, our mission is simple but powerful: to improve the lives of older
people in and around the London Borough of Barnet. We believe everyone should
have the opportunity to lead a healthy, fulfilling life in later years — and to stay safe
and independent in their own home for as long as possible.
Our work is shaped by the voices and experiences of older people in our community.
We actively involve them in designing and delivering services that truly meet their
needs. From wellbeing activities to practical support at home, everything we do is
focused on enhancing quality of life.
In 2024-25 we estimate more than 18000 people in the borough used a service,
attended an activity or had some contact with Age UK Barnet. That's an increase of
14% and means the organisation reached around one in five of the borough's older
people. We achieved this through increasing the range and location of our activities
and outreach sessions and through our work distributing the Household Support
Fund.
We are proud that the quality of our services is externally audited, providing
reassurance that we meet rigorous standards and continuously strive for
improvement.
Our Trustees follow the Charity Commission's guidance on public benefit when
setting strategic goals and reviewing our impact. We make sure that all planned
activities clearly align with our charitable aims — and most importantly, make a real
difference to the lives of older people in Barnet.
Safeguarding is a key priority. Many of the people we support are vulnerable adults,
and we are fully committed to ensuring their safety. All our Trustees, staff and
volunteers are DBS checked in line with legal requirements or best practice. They
also receive regular safeguarding training, and we take any concerns or complaints
extremely seriously, investigating all matters in accordance with our complaints
policy.
We do everything we can to keep our services affordable and accessible, reviewing
charges regularly to ensure the widest possible access. At the same time, we
recognise that some costs may need to rise in future to ensure the sustainability of
the services we provide.
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Age UK Barnet
Trustees' Report for the year ended 31 March 2025
In addition to our direct work with older people, Age UK Barnet plays an active role
in shaping the future of the borough. We contribute to local consultations, attend
partnership and strategy meetings, and campaign on the issues that matter most to
our community.
ACHIEVEMENTS AND PERFORMANCE
The year 2024-25 was another successful one for Age UK Barnet.
Our Neighbourhood Services contract which began in 2018 was extended to August
2025 and we heard in July 2025 it would be extended again to 31 March 2027.
NEIGHBOURHOOD SERVICES
This contract has four main strands:
Wellbeing - digital inclusion, social groups and other activities
Falls prevention - footcare, exercise and awareness raising
Handyperson - practical support in the home
Later Life Planning - information and advice on a range of issues affecting older
people such as benefits, housing and care. This year the service helped older people
claim more than £1.4 million in eligible benefits.
EXTERNAL PROVIDERS - working with local community groups to extend our
reach
Age UK Barnet's long-established partnership with our External Providers enables us
to extend our Neighbourhood Services reach throughout the borough and into
different communities. In 2024-25 we continued to work with Chipping Barnet Day
Centre, Barnet African Caribbean Association, Barnet Asian Women's Association,
High Barnet Good Neighbour Scheme, the Good Neighbour schemes for Mill Hill 8
Burnt Oak and the Barnet Association for Tamil Elders.
DEMENTIA SUPPORT SERVICES
The Charity was awarded a five-year contract to provide Dementia Support Services
in Barnet and delivery began on April 1st 2021. This has three strands:
• A Dementia Hub providing information to the community
• A Dementia Adviser service offering specialist information and support to
those living with dementia
• Day opportunities - providing a programme of stimulating activities for people
with mild to moderate dementia
PROJECTS
Social Walks
We were able to continue and further develop our walks programme with funding
from the Charity of Sir Richard Whittington. Throughout the year we have invited
guest speakers who share relevant and interesting information during the walk as
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Age UK Barnet
Trustees' Report for the year ended 31 March 2025
well as in the café afterwards when walkers socialise together. Twenty-seven
volunteers support the walks and 204 people have taken part this year.
Memory Matters
Funded by Barnet Integrated Care Board, our Memory Matters sessions continued in
2024-25. These blocks of in person sessions support people with a dementia
diagnosis to maintain their cognitive function through science-backed exercises and
interventions. We are fortunate in this work to have the support of Professor
Catherine Loveday, a renowned cognitive neuroscientist. This year 46 people
attended 18 sessions with a 9.6 out of 10 satisfaction rating.
Household Support Fund
Age UK Barnet was asked to continue delivery of financial support to older adults of
pensionable age though the Household Support Fund in 2024-25. Funding delegated
from central government supported 638 older people with grants towards the rising
cost of food, energy bills such as gas, electricity and water and other essentials. A
total of £682,610 was awarded, both directly to clients and via key partner
organisations such as the Young Barnet Foundation, Chipping Barnet Foodbank, and
the Somali Bravanese Welfare Association. This enabled older people from all over
the borough to benefit.
Outreach Project.
Age UK Barnet secured funding from Barnet Borough Partnership to continue this
piece of work which is aimed at reaching residents who might not have engaged with
services previously. It aims to highlight sources of support for older people in the
community, to increase their wellbeing and reduce their risk of loneliness and
isolation. During the year this project engaged with 2,466 residents and identified
gaps in service provision.
City Bridge
This was the second year of tunding trom the City Bridge rust secured in 2023-24
which has enabled the organisation to expand and diversify our activities. During
the year 1,521 individuals were supported through our activities, with 23.1% of
these being new clients, reflecting strong reach and community trust. We ran 79
social and activity clubs, offering a wide mix of creative, social, and practical
activities.
Dementia Befriending - Henry Smith
This service is in its second year of funding from Henry Smith Foundation which
runs from 2023-2026. Demand is ever increasing due to the increase in people
being diagnosed in Barnet and during the year we supported over 186 clients with
the befriending service.
We supported 89 housebound Dementia Befriending clients who have either been
matched with a volunteer or who have been referred or signposted to another
service. The aim of the service is to improve client's engagement, communication,
and cognitive abilities. Curated activity packs are given to volunteers to take on
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Age UK Barnet
Trustees' Report for the year ended 31 March 2025
visits and these contain a variety of stimulating activities tailored to the clients'
interests and needs. So far these have been very successful.
Masonic Charitable Foundation
Age UK Barnet was also successful in securing funding from the Masonic Charitable
Foundation to enhance and expand our digital inclusion support provision. This
funding will last for three years until 2026.
VOLUNTEERING giving back to the community
We are very fortunate at Age UK Barnet to have the most amazing team of
volunteers!
In 2024-25 478 volunteers supported the organisation. Together, our volunteers
contributed a total of 49,712 hours of support across our programmes. Using the
London Living Wage (£13.85 per hour) as a benchmark, this equates to a monetary
value of £688,511.20 - a powerful indicator of the time, dedication, and impact our
volunteers bring.
BARNET SOCIAL PRESCRIBING SERVICE & INTEGRATED CARE SERVICES
Signposting & connecting people to local community activities & services
Age UK Barnet continues to manage the Social Prescribing service in the borough.
This enables the organisation, through the social prescribers, to raise awareness of
our services with hard-to-reach groups. The team supports adults who are
registered with a Barnet GP Practice, offering local information and advice for non-
medical based needs that are negatively affecting their health and wellbeing. This
year they supported 4,205 people aged 55+ and 94% of those said they would
recommend the service to others.
Ageing Well MDT
Age UK Barnet has played a key role in the Ageing well MDT in Barnet since it
began in 2018 and we have had full time staff member working as the Ageing well
MDT Social Prescriber for this service since September 2022.
The role is intended to support those who attend the Ageing well MDT to offer
community services signposting and short-term case work support for clients who
need support engaging with community and statutory services. Within this last
financial year the MDT Social Prescriber has worked with over 136 different people
and their family members or carers through this service.
Fundraising
Age UK Barnet is grateful to the trustees of the Dr French Foundation who made an
extremely generous donation of £500,000 to the organisation in 2024-25. This was
made possible following their sale of the Dr French Care Home in North Finchley
which closed in 2024.
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Age UK Barnet
Trustees' Report for the year ended 31 March 2025
As charities face an increasingly challenging funding landscape, this generosity has
strengthened Age UK Barnet's financial resilience and will, we intend, sustain a
programme of much needed projects over the next five to ten years.
We were delighted to be chosen as one of the Mayor of Barnet Clir Tony Vourou's
chosen charities of the year for 2024-25 along with the Royal Free Charity and
Macmillan Cancer Support. We were also chosen by Co-op to be one of their local
chosen charities.
We held our own fundraisers throughout the year including a quiz night and a Charity
golf day.
We also raised nearly £5,000 in donations to help us buy a new professional oven
for the kitchen.
There was some individual fundraising from staff including CEO Helen Newman who
took part in a10k run with her friend Geri and raised £5,000 and our Age-friendly
coordinator Pippa Mannerings, who trained for the Brighton marathon without any
technology and raised £2,258.
Thanks also to donations from Good Oaks, Waitrose, our friends at Hampstead
Garden Suburb Fellowship, Co-op and Groundwork.
Together we raised £52,626 in 2024-25
Comms and Publicity
Our website continues to be an important source of information for older people in
the borough and had over 325,591 hits. Many of these were to the scams pages
reflecting older people's concerns about rogue traders and scammers, which remains
a particular worry for older people.
Our social media presence has grown rapidly and in 2024/25 our followers on Twitter
and Facebook jumped to nearly 5,000, with 90,636 impressions on Facebook. We
increased our engagement with local community groups through neighbourhood chat
rooms like nextdoor and local Facebook groups and it's been a successful way of
targeting areas to recruit participants for some of our activities. Our Instagram
account has successfully engaged with local businesses, leading to offers of
donations and volunteering, and the number of followers has risen to 1,325 this year
an increase of 14 per cent. We also continue to build our Linkedin profile and
followers have increased by 100% to 300.
Our e-newsletter keeps subscribers informed about our services, activities and
events as well as other news in the borough that affects older people. We now email
this out to monthly to over 3,400 subscribers. Our Memory Matters newsletter, which
informs families living with dementia about what's happening at Age UK Barnet and
around the borough, has doubled the number of subscribers and now nearly 800
people receive a copy of the email. And the print run of our What's On guide, which
details our activities, services and events, went up to 25,000. On top of this 22,000
What's on guides are sent digitally to people with email addresses.
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Age UK Barnet
Trustees' Report for the year ended 31 March 2025
Looking forward
Trustees have agreed the following aims for 2025-30
Over this period we aim to:
• Continually improve and develop our services to ensure quality and relevance.
• Explore ways to reduce inequalities faced by older people and focus on those
most in need
• Increase the participation of older people from all of Barnet's communities in
service planning and evaluation.
• Evaluate our services and celebrate our reach and impact.
• Ensure financial stability and explore opportunities for income generation.
And we will continue to:
Develop our people, our organisation and our infrastructure striving for best
practice across all areas
•
Continue to support and work through our local partner organisations to
provide the best experience possible for service users
• Continue to be a great place to work and volunteer
FINANCIAL REVIEW
For the year end 31 March 2025 Age UK Barnet had the following;
2025
2024
Income
Total Expenditure
Net Assets
General Unrestricted Funds
Designated Funds
Restricted Funds
3,519,346 2,901,669
2,824,259
2,722,474
1,739,068
1,039,052
660,476
513,215
758,987
258,987
319,605
266,849
Income in 2025 was clearly significantly increased by the donation from the Dr French
Foundation which has been placed into a designated fund. Other than that, the main
source of income for the year was from contracts for the provision of charitable
services from the London Borough of Barnet and from the Social Prescribing service.
Employment costs comprised 66% of the total resources expended by the charity in
the year. In the previous year they accounted for 61%. This is due to the funding
received for the Household Support Fund which was distributed in grants to older
people.
The Charity relies heavily on the commitment and hard work of its staff, its volunteers
and its Board of Trustees.
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Age UK Barnet
Trustees' Report for the year ended 31 March 2025
The established systems and procedures for Trustees and employees have been
adhered to and areas of training and development are kept under constant review.
Staff performance reviews are undertaken at appropriate intervals and formal
appraisals take place yearly with interim reviews taking place more frequently as
appropriate. All staff are subscribed to a training provider and follow a set programme
through the year.
Funding sources and fundraising
The Charity has been pursuing a detailed fundraising strategy which is available to
all staff and stakeholders. In summary, we are conscious of the advisability of
diversifying our sources of income, given our continued reliance on contract income
to fund our range of services from the London Borough of Barnet. The Charity has
an active policy of applying for grants from grant making charities to fund appropriate
additional charitable services and activities which are intended to enhance the core
services which we provide and which are described in this report.
In 2024-25 we were successful in attracting the following new funding:
• Outreach Project - Barnet Borough Partnership
• Dementia Friendly Flower Arranging - Eleanor Palmer Trust
We also continued to benefit from funding secured in the previous financial year from:
• The Charity of Sir Richard Whittington - Walk and Talk - Funded by
• Age UK (national) - Scams Awareness
• Emmanuel Hospital Charity - Information and Advice
• National Lottery Community Fund - Pigeon Post
• Henry Smith Foundation - Dementia Befriending
• Central London Community Healthcare - Community Ageing Well Service
• The City Bridge Trust - Activities to reduce loneliness and isolation
• Masonic Charitable Foundation - Digital Inclusion
• London Borough of Barnet - Age Friendly Barnet
The Charity was advised by freelance consultant Rob Hamilton on these and other
grant applications during the year.
Our level of expenditure on fundraising has not required the Charity to register with
Fundraising Regulator but we will continue to keep the position under review in the
current financial year. The Charity has regard to best practice and all applicable legal
requirements in its fundraising activities including compliance with data protection
requirements. There have been no failures on the part of the Charity to comply with
any applicable fundraising standards and there have been no complaints about
fundraising activity received by the Charity. The Charity does not solicit donations
directly by post or by any other means of communication. Any members of staff or
volunteers engaged in fundraising activity are made aware of all legal and other
requirements applicable in that connection.
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Age UK Barnet
Trustees' Report for the year ended 31 March 2025
INCOME GENERATION
Developing new strands of income remains a key strategic aim for Age UK Barnet as
a way of reducing the organisation's dependence on statutory funding.
Fundraising during the year included:
Brighton Marathon
• Regents Park 10k
• Late Summer Festival
• Golf Day
• Quiz Night
Reserves policy
This year trustees revisited the reserves policy and having taken external advice,
agreed it would be prudent to take a flexible approach and retain between three and
six months running costs in case of a loss of contract income or in the event of a wind
up process.
Based on the year under review three months running costs are approximately
£574,000. Our current general reserves are in line with this plan.
Investment of liquid resources
The Trustees consider it appropriate to invest monies not required for the charity's
operations in the short term in units in common investment schemes established in
accordance with sections 96 and 100 of the Charities Act 2011. The trustees' policy
is to minimise the risks of significant fluctuations in the value of such investments by
investing in fixed interest rather than equity-based units, and to achieve a greater rate
of return than would be available from bank deposits.
The trustees remain content that the investment policy outlined above is suited to its
current circumstances but will review at regular intervals.
Bank balances are held in interest-bearing deposits other than the current account.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Incorporation and governing document
Age UK Barnet was incorporated on 21 October 1999 as a company limited by
guarantee and was registered as a charity by the Charity Commission for England
and Wales on 26 April 2000. It was originally called Age Concern Barnet.
As a company, it is governed by its Memorandum and Articles of Association. At an
EGM in December 2020, trustees and members passed a special resolution to adopt
a new constitution which had been pre-approved by the Charity Commission and
recommended by Age UK. The biggest change is that since 1st April 2021, trustees
are the Charity's only members.
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Age UK Barnet
Trustees' Report for the year ended 31 March 2025
Management and trustees
Day to day responsibility for the operations of the Charity during the year rested with
the Chief Executive Officer, Helen Newman, who works closely with the trustees.
determining the policy of the Charity and for making major decisions regarding its
authority of the Chief Executive Officer is made clear and under which certain key
decisions affecting the Charity are required to be referred back to the Trustees by the
Chief Executive Officer.
Operational management of the Charity under supervision of the Board and under
these detailed terms of delegation is entrusted to the Chief Executive Officer and to
certain named senior staff members. The Board of directors, the Chief Executive and
the above members of the Charity's senior management team together comprise the
key management personnel of the Charity and are together responsible for directing
and controlling, running and operating the Charity on a day to day basis.
Staff salaries are reviewed and, in view of the nature of the Charity, the Trustees
benchmark against pay levels in other voluntary organisations of a similar size.
Trustees are required to declare any conflict of interest to the Chair at every trustee
meeting. The Trustees make a written declaration of their interests every year to the
Company Secretary prior to the AGM.
Appointment of trustees
The appointment of Trustees is governed by the company's Articles of Association.
The Chair and no less than five individuals are elected at the AGM. They normally
serve for a maximum of two terms of three years but, by exception and with
agreement of the board this can be extended for a third term of three years. Through
the year the board may co-opt up to three individuals as Board members who then
serve until election at the next AGM.
Serving trustees
The names of the trustees who served during the year and those who were in office
at the date of this report are set out on page 1.
Recruitment and training
New trustees are recruited through various methods including trustee contacts,
contacts with local voluntary organisations, advertising on appropriate websites and
in the press.
All new trustees are given a thorough induction as well as copies of key documents
such as the Memorandum and Articles of Association, Trustee Handbook, the most
recent trustees' report and audited financial statements and the latest monthly
management financial statements. They are also required to complete a
questionnaire designed to identify any conflicts of interest that may arise from
personal relationships or membership of other organisations and to confirm that there
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Age UK Barnet
Trustees' Report for the year ended 31 March 2025
is no legal impediment to their becoming trustees. Existing trustees are requested to
complete the questionnaire annually.
Trustees are supported to pursue training opportunities to increase their knowledge
and to develop their awareness and skills so they can contribute to a strong and
effective trustee board.
Risk management
The Trustees periodically identify the major operational, financial and legal risks to
which the Charity is exposed and a copy of the Charity's risk register, as amended
from time to time, is reviewed by trustees on a regular basis. Measures are taken to
manage the risks that have been identified.
The trustees have a risk management strategy which comprises:
• A risk and opportunities register
• A review of the principal risks and uncertainties that the charity faces at least
quarterly.
• The establishment of policies, systems and procedures to mitigate those risks
identified in the review; and
• The implementation of procedures designed to minimise or manage any
potential impact on the charity should those risks materialise.
This work has identified that financial sustainability is the major financial risk for the
charity. A key element in the management of financial risk is a regular review of
available liquid funds to settle debts as they fall due, regular liaison with (a) the
London Borough of Barnet to ensure that contractual income is paid promptly and
when due to the Charity (b) the Charity's own bank in connection with cash flow
management, and active management of trade debtors and creditors balances to
ensure sufficient working capital by the charity. We work closely with London Borough
of Barnet staff to ensure compliance with our contractual obligations including
meeting quarterly key performance indicators and other measures so as to preserve
the flow of contractual income then due to us under the LBB contracts in place during
the year and subsequent years.
A fundraising strategy is in place both for community fund raising including lifetime
donations and for gifts by Will) and for raising funds from grant applications from grant
making charities and foundations to seek to ensure that the Charity's sources of
funding are properly diversified.
Financial controls
Appropriate internal control procedures in line with best practice are in place in line
with recommendations made by the auditors and Age UK (the national charity).
An annual budget is prepared and approved by the Trustees as soon as possible
following the beginning of each financial year.
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Age UK Barnet
Trustees' Report for the year ended 31 March 2025
Detailed management financial statements are made available to the Trustees
monthly.
Statement of Trustees Responsibilities
The trustees (who are also directors of the charity 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 Trustees to prepare financial statements for each financial
year which give a true and fair view of the income and expenditure of the charitable
company and its state of affairs at the end of that period.
In preparing those statements the Trustees are required to:
• select suitable accounting policies and then apply them consistently;
• observe the methods and principles in Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their
financial statements in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102 second edition);
• make judgements and estimates that are reasonable and prudent;
• state whether applicable United Kingdom Accounting Standards have been
followed, subject to any material departures disclosed and explained in the
tinancial statements; and
• prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the charitable company will continue in
operation.
The Trustees are responsible for keeping proper accounting records which disclose
with reasonable accuracy at any time the financial position of the charitable company
and 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 trustees are responsible for the maintenance and integrity of the corporate and
financial information included on the charitable company's website. Legislation in the
United Kingdom governing the preparation and dissemination of financial statements
may differ from legislation in other jurisdictions.
The opinion of the trustees is that the company is entitled to the exemptions conferred
by Section 477 of the Companies Act 2006 relating to small companies.
Auditors
In accordance with company law as the company's directors, we certify that: so far
as we are aware, there is no relevant audit information of which the charitable
company's auditor is unaware; and as directors of the charitable company we have
taken all the steps that we ought to have taken, in order to make ourselves aware of
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Age UK Barnet
Trustees' Report for the year ended 31 March 2025
any relevant audit information and to establish that the charitable company's auditor
is aware of that information.
Knox Cropper LLP were appointed auditors to the company and, in accordance with
the Companies Act 2006, a resolution proposing that they be re-appointed will be put
to the Annual General meeting.
The financial statements were approved by the board on. 10 | 11|25..
and were signed on its behalf by:
LOBt
Lorraine Barnet
KHlanger
Rachel Hanger
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Independent Auditor's Report to the members of the
Age UK Barnet
Opinion
We have audited the financial statements of Age UK Barnet (the 'charitable
company') for the year ended 31 March 2025 which comprise the Statement of
Financial Activities, the Balance Sheet, Statement of Cash Flows and notes to the
financial statements, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards, including Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic
of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31
March 2025 and of its income and expenditure for the year then ended;
•
have been properly prepared in accordance with United Kingdom Generally
Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act
2006.
Basis of opinion
We conducted our audit in accordance with International Standards on Auditing (UK)
(ISAs (UK)) and applicable law. Our responsibilities under those standards are further
described in the Auditor's responsibilities for the audit of the financial statements
section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements
in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the
going concern basis of accounting in the preparation of the financial statements is
appropriate.
Based on the work we have performed, we have not identified any material
uncertainties relating to events or conditions that, individually or collectively, may cast
significant doubt on the charitable company's ability to continue as a going concern
for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going
concern are described in the relevant sections of this report.
Other information
The 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.
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Independent Auditor's Report to the members of the
Age UK Barnet (continued)
Our opinion on the financial statements does not cover the other information and we
do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether
the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If
we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is 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, which includes the directors' report
prepared for the purposes of company law, 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 required to report by exception
In the light of the knowledge and understanding of the charitable company and its
environment obtained in the course of the audit, we have not identified material
misstatements in the directors' report included within the trustees' report.
We have nothing to report in respect of the following matters where the Companies
Act 2006 requires us to report to you if, in our opinion:
• adequate accounting records have not been kept, or returns adequate for our
audit have not been received from branches not visited by us; or
• the financial statements are not in agreement with the accounting records and
returns; or
• certain disclosures of trustees' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our
audit; or
the trustees were not entitled to prepare the financial statements in accordance
with the small companies regime and take advantage of the small companies'
exemptions in preparing the trustees' report and from the requirement to
prepare a strategic report.
Responsibilities of Trustees
As explained more fully in the Trustees' Responsibilities Statement, the Trustees
(who are also the directors of the charitable company for the purposes of company
law) are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such internal control as the
trustees determine is necessary to enable the preparation of financial statements that
are free from material misstatement, whether due to fraud or error.
15

Independent Auditor's Report to the members of the
Age UK Barnet (continued)
In preparing the financial statements, the trustees are responsible for assessing the
charitable company's ability to continue as a going concern, disclosing, as applicable,
matters related to going concern and using the going concern basis of accounting
unless the trustees either intend to liquidate the company or to cease operations, or
have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial
statements as a whole are free from material misstatement, whether due to fraud or
error, and to issue an auditor's report that includes our opinion. Reasonable
assurance is a high level of assurance, but is not a guarantee that an audit conducted
in accordance with ISAs (UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material it,
individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and
regulations. We design procedures in line with our responsibilities, outlined above, to
detect material misstatements in respect of irregularities, including fraud. The extent
to which our procedures are capable of detecting irregularities, including fraud is
detailed below:
• The Charitable Company is required to comply with both company law and
charity law and, based on our knowledge of its activities, we identified that the
legal requirement to accurately account for restricted funds was of key
significance.
• We gained an understanding of how the charitable company complied with its
legal and regulatory framework, including the requirement to properly account
for restricted funds, through discussions with management and a review of the
documented policies, procedures and controls.
• The audit team, which is experienced in the audit of charities, considered the
charitable company's susceptibility to material misstatement and how fraud
may occur. Our considerations included the risk of management override.
• Our approach was to check that all restricted income was properly identified
and separately accounted for and to ensure that only valid and appropriate
expenditure was charged to restricted funds. This included reviewing journal
adjustments and unusual transactions.
A further description of our responsibilities for the audit of the financial statements is
loat corg auditorsresponsibities. This description formis part of our auditor s
report.
16

Independent Auditor's Report to the members of the
Age UK Barnet (continued)
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 charitable company's members
those matters we are 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.
Knox Cropper Ll
Simon Goodridge
Senior Statutory Auditor
for and on behalf of Knox Cropper LLP
Statutory Auditor
65 Leadenhall Street
London EC3А 2AD
03/12/25
17

Age UK Barnet
Statement Of Financial Activities
For The Year Ended 31 March 2025
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Other trading activities
Investment income
Donations and legacies
TOTAL INCOME
Unrestricted
Funds
511,310
42,950
54,116
526,857
1,135,233
EXPENDITURE ON
Fundraising
Charitable Activities
Services for older people
TOTAL RESOURCES EXPENDED
Gains/ (losses) on investments
NET INCOME/(EXPENDITURE)
Gross transfers between funds
NET MOVEMENT IN FUNDS
Reconciliation of Funds:
Total Funds brought forward
Total funds carried forward
10
16
28,174
493,476
521,6504
4,929
618,512
28,747
647,259
772,204
€ 1,419,463
The notes on pages 21 to 35 form part of these financial statements.
Restricted
Funds
2,384,113
2,384,113
2,302,609
2,302,609
81,504
(28,747)
52,757
266,848
€ 319,605
18
2025
Total
2,895,423
42,950
54,116
526,857
3,519,346
28,174
2,824,259
4,929
700,016
700,016
1,039,052
€ 1,739,068
Unrestricted
Funds
547,385
33,081
34,716
29,474
644,656
28,510
498,995
527,505
8,051
125,202
125,202
647,002
€ 772,204
Restricted
Funds
2,25,013
2,257,013
2,194,969
2,194,969
62,044
62,044
204,804
€ 266,848
2024
Total
2,804,398
33,081
34,716
29,474
2,901,669
28,510
2,693,964
2,722,474
8,051
187,246
187,246
851,806
€ 1,039,052

Age UK Barnet
Balance Sheet
As At 31 March 2025
FIXED ASSETS
Tangible assets
Investments
CURRENT ASSETS
Current asset investments
Cash at bank and in hand
CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE
YEAR
NET CURRENT ASSETS
NET ASSETS
FUNDS
Restricted Reserve
Unrestricted Funds
Designated
General
TOTAL FUNDS
Notes
9
10
12
13
16
15
2025
18,023
194,949
212,972
76,105
632,268
1,166,807
1,875,180
(349,084)
1,526,096
€ 1,739,068
319,605
758,987
660,476
1,419,463
£ 1,739,068
The notes on pages 21-35 form part of these financial statements.
The financial statements were approved by the Board of Trustees on 10/11/25
signed on their behalf by:
2024
19,248
190,020
209,268
162,773
928.113
1,090,886
(261,102)
829,784
£ 1,039,052
266,848
258,987
513,217
772,204
€ 1,039,052
and
.....
Trustee LOKLAnE BARNET.
DATE: 1c1 11| 2025
Company no.
3863045
RHanger
Trustee
RACHEL HANGER
19

Age UK Barnet
Statement of Cash Flows
Year ended 31 March 2025
2025
2024
Cash flows from operating activities:
Net cash provided by/(used in) operating
activities
822,798
Cash flows from investing activities:
Dividends and interest from investments
Purchase of investments
Purchase of property, plant and equipment
Profit/(Loss) on sale of fixed assets
Net cash provided by/(used in) investing
activities
54,116
(632,268)
(5,952)
(584,104)
Change in cash and cash equivalents in the
reporting period
238.694
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period
928,113
1,166,807
Reconciliation of net income/(expenditure) to net cash flow from
operating activities
Net income/(expenditure) for the reporting period
Depreciation charges
(Gains)/losses on investments
Dividends and interest from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities
2025
700,016
7,176
(4,929)
(54,116)
86,668
87,983
822,798
27,510
34,716
:
445
35,161
62,671
865,442
928,113
2024
€
187,246
8,772
(8,051)
(34,716)
(91,679)
(34,062)
27,509
20

Age UK Barnet
Notes To The Financial Statements
For The Year Ended 31 March 2025
1. PRINCIPAL ACCOUNTING POLICIES
(a)
Basis of Preparation
The financial statements of the chanty, which is a public benefit entity under
FRS 102, have been prepared in accordance with the Charities SORP (FRS
102) 'Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their financial statements in
accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) second edition',
, Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland' and Companies Act 2006. The financial statements have been
prepared under the historical cost convention with items recognised at cost or
transaction value unless otherwise stated in the relevant note(s) to the financial
statements.
The financial statements are prepared in sterling, which is the functional
currency of the charity. Monetary amounts in these financial statements are
rounded to the nearest £.
Age UK Barnet is a private company limited by guarantee incorporated in
England and Wales. The registered office is Ann Owens Lane, Oak Lane,
London, N2 8LT, United Kingdom.
In applying the financial reporting framework, the trustees have made a number
of subjective judgements, for example in respect of significant accounting
estimates. Estimates and judgements are continually evaluated and are based
on historical experience and other factors, including expectations of future
events that are believed to be reasonable under the circumstances. The nature
of the estimation means the actual outcomes could differ from those estimates.
Any significant estimates and judgements affecting these financial statements
are detailed within the relevant accounting policy below.
(b) Going Concern
Trustees are required to consider whether the financial statements can properly
be prepared based on it continuing as a going concern, and by this is meant,
(inter alia), that the charity is financially stable enough to meet its obligations
and continue its business for the foreseeable future. Foreseeable future is
usually defined as the following 12 months.
This matter is reviewed on a regular basis by the senior management and
trustees, who have taken into account the following matters:
• A significant proportion of the charity's income is the amount contracted for
with the London Borough of Barnet - Neighbourhood Services contract and
Dementia Support Services.
• Income from Social Prescribing has grown in recent years in line with the
service expansion and expenditure has grown commensurately.
21

(c)
(d)
(e)
Age UK Barnet
Notes To The Financial Statements
For The Year Ended 31 March 2025
• Our improved success rate in applying for additional grants and expansion
into new projects, all of which bring with them additional funding
• The generous donation from the dr French foundation has significantly
increased the charity's financial resilience.
• Our level of Reserves.
As part of our regular reviews of the charity's financial situation we are also
mindful of the business continuity plan dated January 2025 and our strategic
review of January 2025
On the basis of the above work and current financial position of the Charity, the
trustees do not believe there are any material uncertainties about Age UK
Barnet's ability to continue as a going concern.
Contract income is accounted for in the period for which the contracts are
awarded; contract income received in respect of future periods is deferred.
Amounts recharged to other organisations are accounted for in the period in
which the related expense is incurred; other incoming resources when they are
receivable.
Expenditure
fundraising.
Expenditure is allocated between costs of charitable activities and costs of
The amounts allocated to each category comprise those costs which are
directly attributable to that category together with an apportionment of support
costs. Support costs are those costs that are not directly attributable to a single
activity but provide the necessary organisational support for all the charity's
activities. The bases of allocation of support costs are explained in note 7(b).
Governance costs comprise the costs of external and internal audit, legal
advice for the trustees on corporate matters and those associated with
constitutional and statutory requirements. They include an apportionment of the
salaries of certain staff
Tangible fixed assets
Tangible fixed assets costing less than £500 are written off in the statement of
financial activities in the period in which the expenditure is incurred. The cost
of other tangible fixed assets is capitalised and depreciated over the estimater
useful lives of the assets, as follows:
Computers and software
3 years
Motor vehicles
3-7 years
Office, furniture & equipment (acquired up to 31 March
10-20 years
2018)
Office, furniture & equipment (acquired after 31 March 5 years
2018)
22

(f)
Age UK Barnet
Notes To The Financial Statements
For The Year Ended 31 March 2025
The resulting net book values are reviewed at each balance sheet date and
additional amounts are written off if appropriate.
Grants received for the purpose of acquiring tangible fixed assets are credited
to a restricted fund at the time of receipt, as is the estimated cost of assets that
are directly donated to the charity. Depreciation of all such assets is charged
against the restricted fund concerned.
Investments
Investments are stated at the mid-point between the manager's bid and offer
prices for units.
Current asset investments are a portfolio of cash deposit accounts with either
a fixed term or notice period exceeding 3 months. They are stated at cost.
Interest is receivable when the deposits mature.
(g)
(h)
(i)
Recognition of liabilities
Liabilities are recognised in the financial statements when goods and services
have been delivered or when there is considered to be a reasonable probability
that a contingent liability will crystallise.
Transfers between funds
Transfers are made from general unrestricted funds to restricted funds to meet
an actual or anticipated deficit on any of the latter; should the deficit arise
through the late receipt of a grant and thus prove to be temporary; the transfer
is reversed in the following year. Transfers are made from general unrestricted
funds to designated funds to meet any anticipated shortfall under contracts that
will or are likely to be terminated during the following year or to set aside funds
for specific purposes.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial
Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102
to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the
company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the
financial statements, when there is a legally enforceable right to set off the
recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are
initially measured at transaction price including transaction costs and are
subsequently carried at amortised cost using the effective interest method
unless the arrangement constitutes a financing transaction, where the
23

(k)
Age UK Barnet
Notes To The Financial Statements
For The Year Ended 31 March 2025
transaction is measured at the present value of the future receipts discounted
at a market rate of interest. Financial assets classified as receivable within one
year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially
recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the
future receipts discounted at a market rate of interest. Financial liabilities
classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.
Trade creditors are obligations to pay for goods or services that have been
acquired in the ordinary course of operations from suppliers. Amounts payable
are classified as current liabilities if payment is due within one year or less. If
not, they are presented as non-current liabilities. Trade creditors are recognised
initially at transaction price and subsequently measured at amortised cost using
the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual
obligations expire or are discharged or cancelled.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with
banks, other short-term liquid investments with original maturities of three
months or less, and bank overdrafts. Bank overdrafts are shown within
borrowings in current liabilities.
Employee benefits
Termination benefits are recognised immediately as an expense when the
company is demonstrably committed to terminate the employment of an
employee.
24

Income from charitable
activities
Neighbourhood Services
Dementia Support Services
Henry Smith
Social Prescribing
Scams Prevention Project
Age Friendly Barnet
City Bridge
ICB Ageing Well
Digital Inclusion Outreach-NLCF
Household Support Fund
Other Projects
Comprising:
Local Authority income -
London Borough of Barnet
Grants
Charges to clients for services
Age UK Barnet
Notes To The Financial Statements
For The Year Ended 31 March 2025
Unrestricted
Funds 2025
511,024
511,310
422,052
89,258
€ 511,310
Restricted
Funds 2025
385,845
50,900
835,378
50,600
50,000
77,769
55,768
18,000
725,000
134,853
2,284,113
320,676
1,065,639
988,423
€ 2,284,113
Total
2025
511,024
385,845
50,900
835,378
50,600
50,000
77,769
55,768
18,000
725,000
135,139
2,895,423
330,051
1,487,691
1,577,681
£ 2,895,423
Unrestricted
Funds 2024
545,358
2,027
547,385
414,048
40,750
92,587
€ 547,385
25
Restricted
Funds 2024
352,663
51,000
773,012
28,970
50,000
56,760
29,872
744,367
170,370
2,257,013
1,080,587
1,068,211
108,215
€ 2,257,013
Total
2024
545,358
352,663
51,000
773,012
28,970
50,000
56,760
29,872
744,367
172,397
£2,804,398
1,494,635
1,108,961
200,802
€ 2,804,398

3. Other trading activities
Age UK Partnership Income
Fundraising
Other income
Investment income
Interest received
Investment income
5.
Donations and Legacies
Donations and gifts
Age UK Barnet
Notes To The Financial Statements
For The Year Ended 31 March 2025
Unrestricted
Funds
7,500
34,604
846
42,950
Restricted
Funds
-
Total
2025
7,500
34,604
846
42,950
Total
2025
13,803
40,313
54.116
13,803
40,313
54,116
Unrestricted
Funds
Restricted
Funds
Total
2025
526,857
526,857
- 526,857
526,857
Unrestricted
Funds
5,000
23,046
5,035
33,081
Restricted
Funds
UnEticted Restricted
14,699
20,017
34,716
Unrestricted
Funds
Restricted
Funds
29.475
29,475
26
Total
2024
E,000
23,046
5,035
33,081
Total
2024
14,699
20,017
34,716
Total
2024
29,475
29,475

6.
Age UK Barnet
Notes To The Financial Statements
For The Year Ended 31 March 2025
Expenditure on charitable activities
charitable activities
Services for older people
Unrestricted
Funds
489,139
Neighbourhood Services
Dementia Support Services
Henry Smith
Social Prescribing
Scams Prevention Project
Age Friendly Barnet
City Bridge
Household Support Fund
Other Projects
4,337
493,476
Restricted
Funds
350,493
56,881
835,379
38,887
51,247
83,991
725,000
160,733
2,302,609
Total
2025
489,139
350,493
56,881
835,379
38,887
51,247
83,991
725,000
165,069
2,796,085
Unrestricted
Funds
497,360
Restricted
Funds
1,636
498,996
351,552
755,507
23,035
744,367
320,506
2,194,968
27
Total
2024
497,360
351,552
755,507
23,035
744,367
322,142
2,693,964

Age UK Barnet
Notes To The Financial Statements
For The Year Ended 31 March 2025
7. TOTAL EXPENDITURE
a) Employment costs
Salaries
Employer National Insurance contributions
Pension contributions
2025
Total
E
1,675,122
138,415
34,172
1,847,709
Actual numbers
Older people services
Support staff
2025
67.0
7.0
74.0
2024
60.0
6.0
66.0
2024
Total
€
1,577,631
132,100
29,465
1,739,195
Full time
equivalents
2025
2024
48.5
4.6
47.2
3.9
53.0
51.1
1 employee earned £60,000 per annum or more during the year (2024: 1).
The National Council for Voluntary Organisations (NCVO) recently published an
enquiry report into charity executive pay and recommends that charities go further
in terms of disclosure and name the highest paid staff. In the interest of
transparency, the Charity hereby discloses that in 2024-25, the Chief Executive
Officer's salary was in the range between £60,000 and £70,000. As indicated in
the Directors Report, the Chief Executive Officer (who is also the Company
Secretary) is Helen Newman.
The Charity trustees were not paid or received any other benefits from
employment with the Charity in the year (2024: Nil). They were reimbursed
expenses of Enil during the year (2024: Nil). No trustee received payment for
professional or other services supplied to the charity (2024:Nil).
The key management personnel of the charity were the Chief Executive Officer.
Total salaries and wages of the key management personnel of the charity were
£71,275 (2024: £67,971). Total employer pension contributions for the key
management personnel of the charity were £2,201 (2024: £2,201).
28

Age UK Barnet
Notes To The Financial Statements
For The Year Ended 31 March 2025
b) Expenditure analysis
Raising Funds
Fundraising
Charitable Activities
Neighbourhood Services
Dementia Support Services
Barnet Connect
Social Prescribing
Scams Prevention
Household Support Fund
Other projects
Direct
Costs
Support
Costs
28,174
430,675
284,545
329
713,452
32,457
706,942
300,452
2,468,852
2.497,026
67,839
65,948
121,927
6,430
18,058
47,031
327,233
327,233
Support costs largely comprise premises costs and support staff salaries.
Total 2025
28,174
498,514
350,493
329
835,379
38,887
725,000
347,483
2,796,085
2,824,259
DirectR
Costs
23,981
396,561
267,129
282
688,507
17,475
719,534
260,532
2,350,020
2,374,001
29
Support
Costs
4,529
97,515
87,708
67,000
5,560
24,833
61,328
343,944
348,473
Total 2024
28,510
494,076
354,837
282
755,507
23,035
744,367
321,860
2,693,964
2,722,474

Age UK Barnet
Statement Of Financial Activities
For The Year Ended 31 March 2025
Included in Support costs are Governance costs comprising:
Salaries
Audit Fee
Other
Trustee Expenses
2025
3,120
9,601
-
12,721
2024
4,040
11,037
47
15,124
8. TAXATION
The charity is exempt from corporation tax as all its income is charitable and is applied
for charitable purposes.
9.
TANGIBLE FIXED ASSETS
Cost
As at 1 April 2024
Additions
At 31 March 2025
Accumulated Depreciation
As at 1 April 2024
Charge for the year
At 31 March 2025
Net Book Value 31 March 2025
Net Book Value 31 March 2023
Motor
vehicles
69,758
-
69,758
Computers
& Software
€
30,744
-
30,744
Office
furniture &
equipment
31,193
5,952
37,145
Total
131,695
5,952
137,647
57,033
5,271
62,304
7,454
12,725
27,995
862
28,857
1,887
2,749
27,419
1,044
28,463
8,682
3,774
112,447
7,177
119,624
18,023
19,248
30

Age UK Barnet
Statement Of Financial Activities
For The Year Ended 31 March 2025
10. INVESTMENTS
Market Value
At 1 April 2024
Gain on revaluation
At 31 March 2025
2025
2024
190,020
4,929
E194,949
181,969
8,051
£190,020
The investments comprise COIF Fixed Interest Fund income units which had a historic
cost of £206,105.
11. DEBTORS
2025
2024
Income receivable
Prepayments
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
Trade creditors
Taxation and social security
Accruals and other creditors
Deferred income
13.
DEFERRED INCOME
Balance at 1 April 2024
Amount released to incoming resources
Amount deferred in the year
Balance at 31 March 2025
76,103
2
€76,105
2025
15,146
41,902
232,728
59,308
£349,084
2025
39,821
(39,821)
59,308
£ 59,308
162,287
E162,773
2024
19,316
33,597
168,367
39,821
€ 261,102
2024
£ 39,821
31

Age UK Barnet
Statement Of Financial Activities
For The Year Ended 31 March 2025
15. UNRESTRICTED FUNDS
31 March Incoming Resources Transfer
Invest- 31 March
2024
resources
expended
between
ments
2025
funds
€
€
€
Designated funds
Repairs
Special Projects
Dr French
75,646
183,341
258,987
-
500,000
500,000
...
75,646
183,341
500,000
758,987
Unrestricted funds
General funds
513,217
635,233
(521,650)
28,747
4,929
660,476
172,204
1,135,233
(521,650)
28,747
4,929
1,419,463
Designated funds are as follows:
Repairs/Property fund
The repairs fund has been set aside to meet expenditure on repairs and maintenance
of premises and vehicles for which the charity may be responsible in future.
Projects fund
Previously trustees had set aside funds to mitigate the impact of agreed reductions
in our Neighbourhood Services contract and to provide a strong foundation for post
pandemic work. The charity's success in achieving its strategic fundraising aim - to
diversify income streams by securing funding from trusts and foundations and from
other local sources - has meant we have not had to significantly deplete this
designated tund. However, we are working on plans to develop a programme of
activities and projects aimed at older men who we know are at a particular risk of
loneliness and isolation and to look at the viability of a service offering support with
home admin and other tasks.
Dr French Fund
This has been established following the generous gift from the Dr French Foundation.
We are developing specific projects with this including an expansion of. our
befriending service, a possible second vehicle and other activities such as
bereavement support to reduce loneliness and isolation and which will continue the
work of the Dr French foundation.
32

Age UK Barnet
Statement Of Financial Activities
For The Year Ended 31 March 2025
Comparative information in respect of the preceding period is as follows:
31 March Incoming
Resources Transfer
Invest- 31 March
2023
resources
expended
between
funds
ments
2024
€
€
€
Designated funds
Repairs
Special Projects
15,646
243,341
258,987
:
...
15,646
243,341
258,987
Unrestricted funds
General funds
388,015
644,656
(527,505)
8,051
647,002
644,656
(527,505)
8,051
513,217
772,204
16. RESTRICTED FUNDS
31 March
2024
Incoming
resources
Dementia Support
Services
Henry Smith
Dementia/Memory
Matters
Social Prescribing
Scams Prevention
Household Support
Fund
City Bridge
Personal Grants
Other Projects
44,026
Resources
expended
f
(349,200)
30,191
28,863
21,860
12,328
47,509
82,071
394,878
50,900
27,968
835,392
50,600
725,000
(56,830)
(7,164)
(836,879)
(38,728)
(724,401)
Transfer
Invest- 31 March
between
funds
ments
2025
E
€
89,704
(5,930)
50,996
:
:
27,376
33,732
599
-
266,848
68,062
231,313
2,384,113
(83,575)
(196,457)
(28,747)
(2,293,234)
(28,747)
-
(3,185)
47,509
88,180
319,605
Social Prescribing.
Age UK Barnet employs Link Workers who work in the GP practices in the borough
and the team has continued to expand. All costs for Link Workers are reimbursed
by the Primary Care Networks (PCNs) with funds drawn down from NHS England.
Other projects
We are grateful to the following for additional funding received during the financial
year.
• London Borough of Barnet - Household Support Fund
The Charity of Sir Richard Whittington - Walk and Talk project
• Age UK National - cost of living special fund-Outreach project
33

Age UK Barnet
Statement Of Financial Activities
For The Year Ended 31 March 2025
• Age UK National - Scams Awareness and Prevention project
• Information and Advice - supported by Emmanuel Hospital Charity
• City Bridge - Activities to reduce loneliness and isolation
• Henry Smith- Dementia Befriending
• Central London Community Healthcare - Frailty
MDT
Some income for these projects was received during the year under review and will be
spent in 24-25. This has led the charity to a deficit budget position for 24-25.
Comparative information in respect of the preceding period is as follows:
31 March
2023
40,243
Incoming
resources
€
348,905
Resources
expended
Transfer
between
Invest- 31 March
funds
ments
2024
E
Dementia Support
Services
Henry Smith
Dementia/Memory
Matters
Social Prescribing
Scams Prevention
Household Support
Fund
City Bridge
Personal Grants
Other Projects
(345,122)
30,191
51,000
(57,390)
28,468
(12,646)
7,851
773,012
16,250
28,970
(752,000)
(23,359)
:
-
:
62,253
204,804
744,367
52,418
229,873
2,257,013
(746,923)
(40,090)
(507)
(216,932)
(2,194,969)
=
44,026
(6,390)
46,013
28,863
21,860
(2,556)
12,328
47,509
75,195
266,848
17. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible Fixed Assets
Fixed investments
Net current
Assets/Liabilities
Total
Restricted
Funds
€
378,914
Designated
Funds
(59,309)
319,605
34
130,000
128,987
258,987
Unrestricted
Funds
18,023
(313,965)
1,456,416
1,160,476
2025
Total
18,023
194,949
1,526,096
1,739,068

Age UK Barnet
Statement Of Financial Activities
For The Year Ended 31 March 2025
Comparative information in respect of the preceding period is as follows:
Restricted
Funds
Designated
Funds
Tangible Fixed Assets
Fixed investments
Net current
Assets/Liabilities
Total
306,670
(39,821 )
266,849
130,000
128,987
258,987
Unrestricted
Funds
€
19,248
(246,650)
740,618
513,216
2024
Total
€
19,248
190,020
829,784
1,039,052
18. FINANCIAL COMMITMENTS
At 31 March 2025 the charitable company had future minimum lease payments under
operating leases as follows:
2025
2024
€
Land & buildings
Expiry date:
In Less than 1 Year
In 2-5 Years
31,998
33,597
65,595
30,471
62,465
92,936
19. RELATED PARTY TRANSACTIONS
There were no related party transactions in the financial year.
20. MEMBERS LIABILITY
The company is limited by guarantee and has no share capital. The liability of each
member in the event of winding up is £1.
35