ageuK
COMPANY NUMBER: 03926026
CHARITY NUMBER: 1082658
AGE UK KENSINGTON AND CHELSEA
TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

age UK
CONTENTS
Reference and Adminislralive Infomialion
Trustees, Report
Independent Auditor's Report
11
Consolidated Slalemenl of Financial Aclivilie8
14
Balance Sheets
15
Consolidated Slalemenl of Cash Flows
16
Notes to the Financial Slalemenls
17

Age UK Kensington and Chelsea
Trustees, Reportfor the year ended 31 March 2025
REFERENCE AND ADMINISTRATIVE INFORMATION
Registered Charity Name
Registered Charity Number
Company Registration Number
Principal and Registered Office
Age UK Kensington and Chelsea
1082658
03926026
1 Thorpe Close, London, W10 5XL
Solicitors
Bates Wells, 10 Queen Street Place, London. EC4R 1 BE
Bankers
Barclays Bank PLC, Scrubbs Lane, Leicestershire, LE87 2BB
CAF Bank, Kings Hill, West Malling, Kent ME19 4TA
Scottish Widows Bank, PO Box 883, Leeds LS19TY
Akoni Hub Limited, 77 Cornhill, London EC3V 3QQ
Audltor
Knox Cropper LLP, 65168 Leadenhall Street, London EC3A 2AD
TRUSTEES AND DIRECTORS
The trustees who served the Charity during the year and up to the date of signing of this report were as
follows..
Robert Empson
Henry Wrigley
Caroline Dove
Daniel Misra-Jones
Kate Scally
Megan Skinner
Nicole Kim
Pandora Wright
Rebecca Harben
Sarah Fahy
Scott Franssen
Sylvia Sinclair
Chair of the Board of Trustees
Treasurer
{Appointed 24 September 2024)
{Appointed 24 September 2024)
(Resigned 1 February 2025)
(Resigned 18 September 2024)
{Resigned 25 March 2025)
{Appointed 24 September 2024),. (Resigned 27 November 20251
During the year Henry Wrigley was Chair ofthe Finance Committee, Dan Misra-Jones was Chair of the
Human Resources Committee and Pandora Wright was Chair of the Quality, Policy & Development
Committee.
Company Secretary
Jessica Millwood
MANAGEMENT TEAM
The Senior Management Team who served the Charity during the year and up to the date of signing this
report were as follows..
Chief Executive
Director of servI￿s
Head of Fundraising
Jessica Millwood
Corinna Hyman (Resigned 27 March 20251
Debra Bollan (Resigned 3 June 20251
William Rippon (Appointed 20 Octob8r 20251
Head of Community Engagement Anastasio CabeS10
Head of ImpacUDementia Services Michael Kings
Head of Finance
Fiona Maccarthy
Head of Human Resour￿$
Clara Murphy

Age UK Kenslngton and Chelsea
Trustees. Reportfor the year ended 31 March 2025
The Trustees, who are also directors of the Charity for the purposes of the Companies Act 2006, present
their report with the financial statements of the Charity for the year ended 31 March 2025. The Trustees have
adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounling and Reporting by
Charities,.
The Objectlves of the Charity are:
To promote the relief of elderly people in any manner which now or hereafter may be deemed by law to be
charitable in and around the Royal Borough of Kensington & Chelsea.
At Age UK Kensington and Chelsea (AUKC}, we know that older people have a wealth ofexperience and an
important contribution to make to society. Our approach is to offer holistic support, centered around the
person and developed according lo their needs and wishes. Many older people enjoy volunteering with us,
while others gain the support they need from our huge range of services. Our activities continue to be based
on the delivery of services reflecting the needs of our local community. The overall aim of the Charity is to
improve the wellbeing of older people by offering a range of services which help at critical points when
increasing age may bring challenges, such as deterioraling health. loss of a partner or friends. and decreasing
income. We are supported by a fanlastic team of committed and dedicated volunteers who continue to help
older people in the borough. or who provide additional support in the office.
Our Se￿ICe8 are comprehensive and provide help ranging from informal social and leisure activities to more
practical assistance such as technical advice on claiming welfare benefits. Increasingly, the NHS and
government- both nationally and locally - are recognising the detrimental impact of isolation and loneliness
on people's health and wellbeing, as well as the value of the voluntary sector in providing cost-effective
services and support to combat loneliness and keep older people at the heart of the community.
Publlc Benefit
The Trustees Confirm thal they have referred to the guidance contained in the Charity Commission's general
guidance on public benefit when reviewing the Charity's objectives and activities, and in planning future
activities. It is the judgment of the Trustees that activities in pursuit of the above objectives fully meet the
publi¢ benefit test, which they have kept in mind in developing any new programmes for the Charity.

Age UK Kensington and Chelsea
Trustees, Reportfor the year ended 31 March 2025
OVERVIEW OF SERVICES
During 2024125, our seNices focused on reducing poverty, loneliness and isolation, and improving health,
wellbeing, and Independen￿ for older people from diverse backgrounds across th8 borough.
My Care My Way
Our Health and Social Prescribing Coordinators made 26,087 contacts across the year as part of teams
integr8led with the NHS to improve health and social care outcomes, helping people to manage long-term
conditions, achieve goals and access the right help at the right time.
Activltles and Events
Our varied program of social, cultural, educational and physical activities fostered social inclusion which
helped 781 older people build new friendships and find new ways to support their mental and physical
wellbeing both online and face to face.
Digital Inclusion and Support
By building digilal confidence with 1..1 support and digital cafes, we enabled 153 people lo manage everyday
tasks such as online banking, accessing healthcare, and staying in touch with family and friends, helping to
bridge the digital divide.
Information and Advice
We provided tailored advice, benefits checks and support lo 722 people to access addressing poverty and
associated stress and supporting people to navigate complex systems. This support brought in an additional
£548,537.36 in benefits for local older people.
Dementia 1.1
People living with dementia received tailored, person-centred support that promoted cognitive engagement
and wellbeing, while carers experienced reduced stress and felt better supported. This was delivered through
2,151 one-to-one sessions for 88 people.
Dementla Advisor
Our Dementia Advisor supported 168 people living wSth dementia and their carers. They also provided
information about local organisalions to help clients navigate services, understand their options, and access
community resources more easily.
Memory Café
Our Memory Café created a relaxed, friendly space for conversation, gentle activities and peer support.
These events reduce isolation and offer informal respite and connection for both Ihose living with dementia
and their carers. In total, we hosted 24 Memory Cafés with 286 attendan￿S from 56 people.
Malntenance Cognitive Stlmulatlon Therapy
We ran weekly, structured and evidence-based group sessions that provided meaningful stimulation and
social engagement for 18 people living with dementia. Outcomes for attendees included maintaining cognitive
function, supporting their mood and making new friendships and connections.
Group Shopping
We helped older people to stay independent, confident and conn6ct8d by supporting them to continue to do
their own shopping. This reduced isolation, built confidence in everyday living and ensured access to
essential goods. We provided transport and volunteer support for 32 people across 100 sessions.
Simple DIY
By addressing minor repairs and safety issues in the home, we reduced the risk of accidents and enabled
older people to remain independent in their own homes. We provided 375 simple DIY sessions to 124
individuals.

Age UK Kensington and Chelsea
Trustees. Report forthe year ended 31 March 2026
Health Talks
We delivered 48 health talks focused in areas of health deprivation. These were attended by 330 older
people who increased their understanding of how to look after their health and prevent illness.
Escorting
We ensured older people could safely attend vital health and social care appointments by arranging trained
volunteers lo accompany them, supporting better health outcomes and reducing missed or delayed care.
Overall, 593 escorting sessions were provided for 157 individuals.
Befriending
Our dedicated team of befriending volunteers provided regular social contact for 62 people across 1.375
befriending visits., This reduces loneliness. improves emotional wellbeing, and helps people feel more
connected and valued.
Exercise at Home and Walking Support
We provided individually tailored exercise and walking support programmes for 161 older people. This
improved strength, balance and mobility, and also helped reduce risk of falls, and enabled people to stay
active and independent.
Exercise for the Mind
We ran 35 group sessions for 39 people targeling mental stimulation and emotional wellbeing to help support
people's mental health, including Ihose living with dementia.
Basic Footcare
Our community based footcare service footcare helped 337 people stay mobile, active and engaged in their
communities.
Respite for Carers
Regular breaks for carers reduced stress, supported their own wellbeing and helped sustain caring
relationships at home. We supported 31 carers with 291 respite sessions.
Carers Groups
We ran 9 groups for 35 carers who gained peer support, shared coping strategies, and a¢¢ess lo information.
These groups reduced isolation and slrenglhened informal care nebmorks in the borough.
At Home Pald for Services
Our team of carers provided 83 older people with practical support including cleaning, cooking and household
tasks enabling older people to remain living independently at home for longer and with greater dignity. 4,462
sessions were provided over the year.
Volunteers
Age UK Kensington and Chelsea was SUPPOrted by 132 brilliant volunteers who helped us to extend our
reach, deepening community conneclions and bringing additional warmth and creativity to our services. They
contributed to befriending, escorting, shopping support. digital groups and the running of activities and
outings.

Age UK Kensington and Chelsea
Trustees. Reportforthe year ended 31 March 2025
FUNDRAISING AND MARKETING
We are immensely grateful for the support from our statutory funders, trusts, corporate donors, individuals,
and friends, group, all of whom have enabled LIS to continue our work across the borough. This includes the
Kensington & Chelsea Foundation, Kensington & Chelsea Social Council, Westway Trust, the Calleva
Foundation, Julia and Hans Rausing Foundation, City Bridge Foundation, NHS North West London ICB,
Central & North West London NHS Foundation Trust and the Royal Borough of Kensington & Chelsea. We
are also very thankful lo all the individuals who participated in this year's fundraising events.
In the year 2024125, we did not engage any external organisations for telephone or fa￿-tO-faCe fundraising,
nor dld any professional fundraisers or commercial participators conduct fundraising activities on our behalf.
We are registered with the Fundraising Regulator and proudly uphold the principles of honesty. accountability,
and transparency in our fundraising efforts. We ensure that our fundraising practices comply with the
Fundraising Code of Practice and the standards set by the Fundraising Regulator.
FINANCES
Income
Total income for the year amounted to £2.89m, a decrease of £0.07m from the previous year's of £2.96m
and includes income from various sources. Income from donations and legacies amounted to £85k,
compared with £181 k received in the previous year.
Expenditure
In 2024125, our total expenditure incurred was £2.84m compared to £3.04m in Ihe previous year. Spend on
raising funds during the year amounted to £218k12024.' £248k). Total expenditur8 on charitable activities
amounted to £2.62m, compared to £2.79m incurred in the 2023124 financial year.
The financial statements contained within this report comply with our Memorandum and Articles of
Association, the Charities Act 2011. the Companies Act 2006 and the Slatement of Recommended Practice
IFRS 102 second edition).. Accounting and Reporting by Charilies.
The Charity invested in a subsidiary undertaking and holds 1000A of the share capital of Age United Limited.
Reserves Policy
The Board of Trustees has considered the Charity's requirements for reserves, considering potential risks to
the organisalion. and the current political and economic climate. Trustees have agreed that the purpose of
any reserve funding is to provide flexibility and certainty for clients and staff and ensure that we can continue
to meet our charitable objectives in the short and medium tem.
Restricled funds are funds which are to be used in accordance wlth specific restrictions imposed by donors
which have been raised by the Charity for particular purposes.
The Charity's Free Reserves target is the equivalent of 4 months, expenditure to allow for strategic
readjustment, and to support the sustainability of the organisation should major challenges arise.
Al the year-end free reserves amounted to £570k or the equivalent of just under 2.5 months of
expenditure. The Charity is aiming to build Free Reserves so that they are closer to the target.
Structure, Governance and Management
Age UK Kensington and Chelsea is a charily and company limited by guarantee, incorporated on 15 February
2000 and registered as a charity on 28 September 2000. The company was established under a
Memorandum of Association, which established the objectives and powers of the charitable company under
its Articles of Association. The latest revision of the Memorandum and Articles of Association was approved
on 30 November 2020. In the event ofthe company being wound up, members are required to contribute an

Age UK Kensington and Chelsea
Trustees, Reportfor the year ended 31 March 2025
amount not exceeding £1.
Age UK Kensington and Chelsea is a separate, local, independent Charity, and. as such, il has Its own
Board of Trustees, responsible for the strategic direclion and overall operations of the Charity. Directors of
the Company are also Charity Trustees for the purposes of Charity Law, and are known as members of the
Board of Trustees. Trustees are kept up to date on issues through regular reports from the Chief Executive,
external advisers, and briefings from Age UK and other third sector bodies.
The Charity is part of the family of Age UKS throughout the UK and is affiliated lo Age UK as a Neiwork
Partner with a legal agreement in place to support the relationship. The agreement sets out a number of
responsibilities on both partners including the use of the brand 'Age UK, and allows for Age UK to pas8
funding to the network for particular projects. Age UK provides an external assessment framework (Charily
Quality Standards) to ensure high standards of Quality and Governance across all local partners.
The Board of Trustees sets the strategic direction of the Charity and is responsible for the Charity's overall
performance through quarterly meetings, receiving reports on key issues and reviewing the risk register. More
detailed scrutiny and oversight of the Charity's activities is delegated to three committees..
Finance
Quality, Performance, Development
Human Resources
Day-to-day Se￿ice delivery is delegated to the Chief Executive and the Senior Management Team (SMT)
who are the key management. The SMT is made up of the Chief Executive, Director of Services, Head of
Community Engagement, Head of Impact and Dementia Services. Head of Finance, Head of Fundraising
and Head of Human Resources. The SMT is responsible for ensuring that the Charity delivers the agreed
services and that key perft)rMan￿ indicalors are met.
Department Heads are responsible for day-to-day operational management, supervision and development
of both staff and volunteers, while ensuring that services are delivered in line wilh the operational policies,
contract specifications or grant conditions. The pay of the Executive and Senior Management Team and staff
are sel by the Board. The Board reviews pay annually.
All Trustees give their lime freely, and no Trustee received remuneration in the current or prior year. Details
of related party transactions are disclosed in note 9 to the a￿ount5.

Age UK Kensington and Chelsea
Trustees, Report for the year ended 31 March 2026
Risk Management
The Charity has a formal risk management process, through which the Chief Executive and Senior
Management Team identify the major risks to which the organisalion may be exposed, and has ranked these
by likelihood and impact. culminating in a risk control document which is updated on a regular basis. All
significant risks, logelher with current mitigation actions, are reviewed regularly throughout the year by the
Trustees. The Trustees are satisfied that systems have been developed and are in place to mitigate identified
risks lo an acceptable level.
The principal risks and uncertainties identified by the Charity are as follows..
Risk identified
Reputational risk arising from
organis8tional failures
Action taken to mitigate the risk
The Board regularly reviews the organisational Risk
Register, including key risks across Governance,
Mission and Slrategy, Financial, Environmental and
External, Compliance, Operational, and Health and
Safety.
Mitigatlng actions to reduce risk are monitored for
effectiveness with a Iraffic light system lo highlight and
address key areas.
Audits are carried out by management and the results
reported to the Board.
Resilience of IT systems,
including resilience against
cyber crime
Our IT provider has implemented a secure,
cloud-based IT provision and continually upgrades all
our IT security systems.
Data back-up system in operation.
IT systems support staff to work effectively remolely
uired.
Focus on diversifying our income base to manage
risk.
Finan￿ Committee monitors organisational resilience
and financial planning.
Significant loss of income
arising from changing funder
priorities
Risk to Business
Conlinuity from major
adverse events such as
new pandemic or
environmental disaster.
Cloud-based ITsupports home working.
Organisational risk assessments regularly reviewed.
Statutory and community partnerships in pla￿.
Threat of major adverse events monitored.
Business Continuity and Disaster Recovery Plan tested
andu
dated
Succession planning updated for Board and
Executive.
(Qualified interim staff have been utilised to provide
ex
ertise where needed.
Loss of key members of staff

Age UK Kenslngton and Chelsea
Trustees. Report forthe year ended 31 March 2026
STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES
The Trustees (who are a150 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 Trustees to prepare financial statements for each financial year, which give a
true and fair view of the stale of affairs of the charitable company and of the incoming resources and
application of resoLJrces, including the Income and Expenditure, of the charitable company for Ihe period. In
preparing these financial statements, the Trustees are required to-.
Select suitable accounting policies and apply them consistently.,
Observe the methods and principles in the Charities SORP.,
Make judgements and estimates that are reasonable and prudent.,
state whelher applicable UK Accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements., and
Prepare the financial statements on the going con￿rn basis, unless it is inappropriate to presume Ihat
the charitable company will continue in business.
The Trustees are responsible for keeping adequate accounting records that 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 charitable and financial infomalion
included on the Charity's website. Legis121ion in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
STATEMENT OF DISCLOSURE OF INFORMATION TO AUDITORS
The Trustees of the Charity confirm that..
As far as they are aware, there is no relevant audit information {inform8tion needed by the Charity's
auditors in cor)ne¢tion with preparing their report) of which the Charity's auditors are unaware,. and
They have laken all the steps that they ought lo have taken as Trustees in order lo make themselves
aware of any relevant audit information and to establish that the Charity's auditors are aware of that
information.
AUDITOR
A resolution to re-appoint Knox Cropper LLP as the Charity's auditors will be proposed at the Annual
General Meeting.
Appmv
on
mbgr 2025 and signed on behalf of the Tmslees."
Robert
Ghair
10

Independent Auditor's Report to the members of Age UK Kenslngton and Chelsea
Opinlon
We have audited the fi'nancial statements of Age UK Kensington and Chelsea (the 'charitable company,) and
it5 subsidiary (the 'group'l for the year ended 31 March 2025, which comprise the consolidated statement of
financial activities, the consolidated and parent charitable company balance sheets, consolidaled statement
of cash flows, and notes to the financial statements, including a summary of signifr'cant 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 th8 UK and R8public 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 group's and of the parent charitable companvs affairs as at
31 March 2025 and ofthe group's income and expenditure for the yearthen 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.
Basls of Opinion
We conducted our audit in accordan￿ wilh International Standards on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the Audilor'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
slalements in the UK, including the FRC'S Elhical 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.
Con¢luslons Relating to Going Concern
In audiling the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in tho preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identified any material uncertainties relating lo events
or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability
to conlinue as a going concern for a period of al 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 Trustees, Annual Report, other than the
financial statements and our auditors, report Ihereon. The trustees are responsible for the other information.
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 detemiine 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 lo report in this
regard.
11

Independent Auditor's Report to the members of Age UK Kensington and Chelsea
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, Annual Report, which indudes the directors, report prepared for
the purposes of company law, for the fin8ncial 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 requiremenls.
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the group and the parent charitable company and its
environment obtained in the course of the audit, we have not identified materi81 misstalemenls 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 kepl by the parent charitable company, or returns adequate
for our audit have not been re￿iVed from branches not visited by us. or
The parent charitable company financial slalements 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,
Annual Report and from the requirement lo prepare a strategic report.
Responsibilities of Trustees
As explained more fully in the Trustees, Responsibilities Stalement. the Ttustees (who are also the directors
of the parent charitable company for the purposes of company lawl are responsible for Ihe 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 statemenls that are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the group's and parent
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 group or parent charitable company or to cease operations, or have no realistic alternative bul lo do so.
Auditor's Responslbllltle5 for the Audit of the Financlal Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due lo fraud or error, and to issue an auditor's report that includes
QLJr opinion, Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted
in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably
be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulation8. We design
procedures in line wilh 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 delailed below..
The parent 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.
12

Independent Auditor's Report to the members of Age UK Kenslngton and Chelsea
We gained an understanding of how the group and parent 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 group and parent charitable
company's susceptibility to material misstatement and how fraud may occur. Our considerations included
the Tisk of management override.
Our approach was to check that all reslricted income was properly idenlified and separately accounted
for and to ensure that only valid and appropriate expenditure was charged to restricted funds. Thls
included reviewing journal adjustments and unusual transactions.
A further description of our responsibilities for the audit of the financial statements is located on the Finanoial
Reporting Council's website at.. www.frc.or
.uklauditorsres
onsibilities. This description forms part of our
auditor's 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 mlght state to the
charitable company's members Ihose 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.
19112125
Simon Goodridge
Senior Statutory Auditor
for and on behalf of Knox Cropper LLP
Statutory Auditor
65 Leadenhall Street
London EC3A 2AD
13

¥.I'p
uc8c

Age UK Kensington and Chelsea
BALANCE SHEETS AS AT 31 MARCH 2025
The
Group
2025
The Charity
2025
2024
2024
Notg
FIXED ASSETS:
Intangible Assets
Tangible Assets
10b
10a
14,346
14,346
22,100
CURRENT ASSETS:
Debtors
Short-lerm Deposits
Cash al Bank and in Hand
13
223.195
829.037
235,205
493,555
683,681
77,236
223,195
829,037
235,205
493,555
683.681
77,236
1.287.437
1,254,472
1,287,437
1,254.472
LIABILITIES:
Creditors.. amounts falling due within
one year
NET CURRENT ASSETS I
{LIABILITIES)
14
156,280
171 973
156,280
171973
1,131.157
1.082.499
1.131157
1.082 499
TOTAL ASSETS LESS CURRENT
UABILITIES
1 153257
1.100,739
1,153257
1 100739
CREDITORS: AMOUNTS FALLING
DUE AFTER ONE YEAR
TOTAL NET ASSETS I
ILIABILITIESI
16117
1153 257
1.100.739
1153 257
1100 739
FUNDS:
Restricted Income Funds
Unrestricted Income Funds..
Designated Funds
General Funds
18118a119
241,635
214,074
241.635
214,074
320,000
591,622
320,000
566,665
320,000
591,622
320,000
566,665
Total Unrestricted Funds
911.622
886,665
911.622
886 665
TOTAL FUNDS
1.153.257
1.100.739
1,153,257
1100 739
The not
The fi
ges 17 1 30 form part of the financial slalements.
s were approved by the Board of Tiuslees on 81h December 2025 and signed on their beha￿ by
cia
Ro
Chair
Company no.. 03926026
Date..
15

Age UK Kensington and Chelsea
CONSOLIDATED STATEMENT OF CASH FLOWS
YEAR ENDED 31 MARCH 2025
Note
2025
2024
CASH FLOWS FROM OPERATING
ACTIVITIES
Nel Income/lExpendilurel for the
Reporting Period
{As per the Statement of Financial
Activf(iesl
Depreciation Charges
Assets Written off During the Year
Dividends, Interest and Rent from
Investments
IlncreasellDecrea$e in Debtors
IncreasellDecreasel in Creditors
NET CASH PROVIDED BYIIUSED INI
OPERATING ACTIVITIES
CASH FLOWS FROM INVESTING
ACTIVITIES..
Dividends. Interest and Rents from
Investments
Purchase of Fixed Assets
Transfer lo Short Term Deposits
NET CASH PROVIDED BYIIUSED INI
INVESTING ACTIVITIES
25,546
22.807
16,975
123.135)
270,360
{8,0521
104.154
87,129
309 596
141 521
23.135
129,4071
145 356
8,052
17061
431,368
151628
424 022
Change in Cash and Cash Equlvalents
in the Year
157.968
{282,5011
Cash and Cash Equivalents al the
Beginning of the Year
77,237
359.736
Cash and Cash Equlvalents at the End
of the Year
235 205
77,237
Analysis of Cash and Cash
Equivalents. Short-term Deposit5 and
of Net Debt
Other
Non-
Cash
Changes
At31
March
2026
April
2024
Cash
Flows
Cash at Bank and in Hand
77,237
157,968
23S,205
Short-lerm Deposits
683,681
780 918
145,356
303 324
829,037
1 064 242
16

Age UK Kensington and Chelsea
Notes to the Financial Statements for the Year ended 31 March 2025
1. PRINCIPAL ACCOUNTING POLICIES
a) Statutory Informatlon
Age UK is a charitable company limited by guarantee and is incorporated in England.
The registered office address is.. 1 Thorpe Close, London W10 5XL
b) Basis of Preparation
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities prep8ring their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
102} - (Charities SORP FRS 102), The Financial Reporting Standard applicable in Ihe UK and
Republic of Ireland {FRS 102) abs the Companies Act 2006.
These financial statements consolidate the results of the Charity and its wholly-owned subsidiary Age
United Limited on a line-by-line basis. Transactions and balances belween the Charity and its
subsidiary have been eliminated from the consolidated financial statements. Balances between Ihe
two entities are disclosed in the notes of Ihe Charity's balance sheet.
A separate Statement of Financial Activities, or Income and Expendilure account, is not presented for
the Charity itself in accordance with section 408 of the Companies Act 2006.
Ass6ts and liabilities are init1811y recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy or note. The Trustees do not consider that there are any
sources of estimated uncertainty at the reporting date that have a significant risk of causing a material
adjuslmenl to the carrying amounts of assets and liabilities within the next reporting period.
cl Public Benefit Entity
The charity meets the definition of a public entity undor FRS 102.
d) Golng Concern
The trustees believe that the organisation will continue its operations for the foreseeable future. The
organisation is financially stable enough to meet its obligations and continue its business. The
Trustees will continue to monitor the situation and to ensure that our staff are provided with all
necessary work apparatus and a conducive and functionally designed work environment to enable
them to work effectively.
el Income
Income is recognised when the Charity has elllillement to the funds, any performance conditions
attached to the income have been met, it is probable that the income will be received, and thal the
amount can be measured reliably.
Income from government and other grants, whether 'capital' grants or'revenue, gr8nts, is recognised
when the Charity has entitlement to the funds, any performance conditions attached to the grants
have been met, it is probable that the income will be received, and the amount can be measured
reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which eilher.. the charity is aware that
probate has been granted, the estate has been finalised and notification has been made by the
executorls) to the Charily thal a distribution will be made, or when a distribution is received from the
estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be
measured reliably, and the Charity has been notified of the executor's intention to make a distribution.
Where legacies have been notified to the Charity, or the Charity is aware of the granting of probate,
and the criteria for income recognition have not been met, then the legacy is treated as a contingent
asset and disclosed if material.
17

Age UK Kensington and Chelsea
Notes to the Flnancial Statements for the Year ended 31 March 2025
1. PRINCIPAL ACCOUNTING POLICIES (continued)
f} 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 notifi'cation of the interest paid or payable by the bank.
gl Fund Accounting
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which
meets these criteria is charged to the fund.
Unreslricted funds are donations and other incoming resources received or generated for the
charitable puiposes.
Designated funds are unreslricted funds earmarked by the trustees for particular purposes.
h) Expenditure and Irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a Ihird
party, it is probable that seltlement will be required, and the amount of the obligatson can be measured
reliably. Expenditure is classified under the following activity headings..
Costs of raising funds relate lo the costs incurred by the Charity, as well as the cost of any activities
with a fundraising purpose
Expenditure on charitable activities includes the costs of delivering services, educational
activities undertaken lo further the purposes of Ihe Charily and their associated support costs
Other expenditure represents those items not falling into any other heading
Irrecoverable VAT is charged as a co81 against the activity for which the expenditure was incurred.
i) Allocation of Support Costs
ReSoUr￿S expended are allocated to the particular activity where the cost relates directly lo that
activity. However, the cosl of overall direction and 8dminislration of each activity, oomprising the
salary and overhead costs of the central function, is apportioned, based on staff time, of the amount
attributable to each activity.
Where information about the aims, objectives and projects of the Charity is provided to potential
beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.
Support and governance costs are re-allocated to each of the activities on the following basis, which
is an estimate, based on staff time, of the amount attributable to each activity
Raising Funds
30%
Charitable Activities
70°/0
Governance costs are the costs associated with the governance arrangements of the Charity. These
costs are associated with constitutional and statutory requirements and include any costs associated
with the strategic management of the Charity's aclivilies.
j) Operating Leases
Rental charges are charged on a straight-line basis over the term of the lease.
k) Tangible Fixed Assets
Items of equipment are Gapilalised where the purchase pri￿ exceeds £100. Depreciation costs are
allocated to activities on the basis of the use of the related assets in those activities. Assets are
reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable
value and value in use.
18

Age UK Kensington and Chelsea
Notes to the Flnancial Statements for the Year ended 31 March 2025
1. PRINCIPAL ACCOUNTING POLICIES (continued)
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated
residual value over its expected useful lrfe. The depreciation rates in use are as follows..
Furniture and Fittings
Computers and Equipment
Leasehold Improvement
4 years
3 years
3 years
l) Intanglble Flxed Assets
The Customer Relationship Management system, Salesforce, was developed internally and as such.
costs relating to ils development have been capilalised. This inlangible assel will be amortised over
a useful lrfe of 3 years.
m) Investments in Subsidlarles
Investments in subsidiaries are at cost.
n} Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
ol Cash at Bank and In Hand
Cash at bank and cash in hand includes cash and short-term, highly liquid investments with a short
maturity of knelve months or less from the date of acquisition or opening of the deposit or similar
account.
p} Credltors and Provisions
Creditors and provisions are recognised where the Charity has a present obligation resulting from a
past event that will probably result in the transfer of funds to a third party, and the amount due to settle
the obligation can be measured or estimated reliably.
Creditors and provisions are normally recognised at their settlement amount after allowing for any
Irade discounts due.
q) Flnanclal Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recognised al transaction value and
subsequently measured at their settlement value.
2. DONATIONS AND LEGACIES
Unrestrlcted
Restrl¢ted
2025 Total Unrestrlcted
Restricted
2024 Total
Legacies
Donations
25,110
59,422
84,532
26,110
59,422
84,532
(2,109)
74.771
72.662
108,000
105,891
74,771
180,662
108,000
19

Age UK Kensington and Chelsea
Notes to the Flnanclal Statements for the Year ended 31 March 2025
3. INCOME FROM CHARITABLE ACTIVITIES
Unrestrlcted Restricted
2025 Unrestricted Restrlcted
Total £
2024
Total £
Dementia Support
74,138
74,138
73,631
73,631
Infomalion and Advice
166,776
166,776
114.321
114,321
HSCA ICLCHI
1,379,520 1.379,520
1,346,219 1.346,219
Core Costs
440,642
5,000
445,642
483,391
483,391
Dementia Carers Project
42,267
42,267
10,502
10.502
My Memories
46,529
46.529
55,622
55,622
Respite Care
30,593
30.593
35,041
35,041
Service User Fees IAt Homel
234,365
234.365
245,413
245,413
Di9itALL Project
61,085
61.085
77,905
77,905
Community Services
246,767
246,767
216,493
216,493
Activities and Events
56,497
56,497
112,847
112,847
Sub-total for Charitable Activity
440,642 2.343.537 2.784,179
483,391 2.287,994 2.771.385
Spocial Projects
TOTAL INCOME FROM
CHARITABLE ACTIVITIES
440,642 2.343,537 2,784,179
483,391 2,287,994 2,771,385
4a. INCOME FROM TRADING COMPANY
2025
Total
2024
Total
Age United Limited
(2,321)
4b. INCOME FROM INVESTMENTS
2025
Total
2024
Total
Bank Interest
23.135
8,054
20

Age UK Kensington and Chelsea
Notes to the Financial Statements for the Year ended 31 March 2026
5. ANALYSIS OF EXPENDITURE (CURRENT YEAR)
Ralslng Charitable
funds
actlvltles
Governance
Support
costs
2025
2024
costg
Totsl
Total
Staff Costs (Note 71
Other Staff Costs
82.681 2,226,164
35,397
192.921 2,501,766
40,648
76.045
2,458,23S
82,892
Consultants and Interim
staff Costs
32,648
35,336
67.984
171.135
My Memories and
Dementia Support
Information and Advice
8,678
44.884
30.747
45,204
25,758
Other Direct Costs
2,372
25,209
558
4.043
36.437
31,096
6,415
61,646
31,654
Premises
Offi'ee Equipment and IT
Communication and
Slalionery
Professional Fees
17.199
19,182
34,857
49,500
25,546
62.066
85,482
25.546
169,2661
450,384 2,839,328
51,509
77.373
22,807
16.800
Depreciation
Other Costs I Projects
{69.2661
82,681 2,289,463
16,800
3.039.272
Support Costs
Governance Costs
135,115
315,269
1450.384)
16,800
116,8001
Total Expenditure 2025
217.796 2.621.532
2,839,328
3,039,272
Total Expendf(ure 2024
247.952 2,791,320
3.039.272
21

Age UK Kensington and Chelsea
Notes to the Financial Statements for the Year ended 31 March 2025
6. NET INCOME I (EXPENDITURE) FOR THE YEAR
This is stated after charging..
2025
2024
Depreciation
Amortisalion of Intangible Fixed Assets
Operating Lease Rentals..
Propety
Auditor's Remuneration {Excluding VATI..
Audit
11,200
14,346
8,461
14,346
8,525
16,225
16,800
20.050
7. ANALYSIS OF STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES,
AND THE COST OF KEY MANAGEMENT PERSONNEL
Staff costs were as follows..
2025
2024
Salaries and Wages
Social Security Costs
Employer's Contribution to Defined Contribution Pension Schemes
2,229,848
202,663
69,255
2 501766
2,198,150
189,657
70,426
2 458 233
The number of employee benefits exceed8d £60,000 was..
2025
2024
£60,001- £70,000
£70,001- £80,000
£80,001- £90,000
£90,001- £100,00
The total employee benefits {including pension contributions and employer's national insurance) of the key
management personnel were £404,652 {2024: £378.6991.
Key management personnel are Chief Executive, Director of Services, Head of Fundraising, Head of
Community Engagement, Head of Impact, Evaluation and Data, Head of Finance, Head of Human
Resources.
The Charity Trustees were neither paid nor received any other benefits from employment with the Charity in
the year {2024= £Nill. No Charity Trustee received payment for professional or other Se￿iceS supplied to
22

Age UK Kenslngton and Chelsea
Notes to the Flnanclal Ststements for the Year ended 31 March 2025
the Charity (2024.. £Nil).
Trustees, expenses represent the payment or reimbursement of travel and subsistence costs. No Charity
Trustee incurred travel and subsistence costs in the year. (2024.. £Nil)
8. STAFF NUMBERS
The average number ofemployees (head count based on number of staff employed) during the year was
84 (2024: 89).
Staff are split across the activitie8 of the Charity as follows..
2025
No.
2024
No.
Raising Funds
Community Engagement
Heallhwise
Dementia
At Home
23.0
20.8
Information and Advice
40.0
45.0
PCNIHSCA
Activities and Events
Digital Inclusion
Governancelcore
84.2
88.7
9. RELATED PARTY TRANSACTIONS
There was a related party transaction of £1,000 received from White Maple Consulting Limited in the financial
year. Mr Robert Empson. Chair of the Board of Trustees, serves as a Director of Vvhite Maple Consulting
Limited (2024.. £350). There were no other related party transactions.
23

Age UK Kensington and Chelsea
Notes to the Financial Statements for the Year ended 31 March 2025
10a. TANGIBLE FIXED ASSETS
The Charity
Fixtures and
Fittings
Computer
equipment
Total
Cost
At the start of the year
Additions in year
15,023
3,639
71,778
25,768
86.801
29,407
At the end of the year
Depreciation
At the start of the year
Charge for the year
At Ihe end of the year
Net book value
At the end of the year
18.662
116 208
14,640
482
68.268
10,718
82,908
11,200
15,122
94,108
At the start of the year
383
All of the above assets are held by the Charity and used for charitable purposes. A review of the fixed
assets register took place and any assets that were no longer in use have been written off.
10b. INTANGIBLE ASSETS
Intangible Assets
The Charity
Cost
Intangible Asset
Total
At the start of Ihe year
Additions in Ihe year
At the end of the year
Amortisation
At the start of the year
Amortisation for the ye8r
At the end of the year
43,038
43,038
43,038
43,038
28,692
28,692
43,038
Net Book Value
At the end of the year
At the start of the year
14.346
The Intangible Asset is the Salesforce platform, which was developed internally, and, as such. costs
relating to its development have been capilalised and amortised over a period of three years.
24

Age UK Kensington and Chelsea
Notes to the FSnancial Statements for the Year ended 31 March 2025
11. SUBSIDIARY UNDERTAKING
The Charity owns the whole of the issued ordinary share capital of Age United Limited,. a company
registered in England. The company number is 12351857 and Charity number 1082658. The registered
office address is 1 Thorpe Close, London, W10 5XL.
The subsidiary is used for non-primary purpose trading activities. All activities have been Consolidated on a
line-by-line basis in the statement of financial activities. Available profits are distributed under Gift Aid to the
parent Charity.
A Trustee and the Chief Executive are directors of the subsidiary. Age United Limited commenced
operation in April 2020.
A summary ofthe results of the subsidiary is shown below..
2025
2024
Turnover
Cost of sales
Gross profitl(lossl
Administrative and other expenses
(2.321)
13,166)
15,487)
71,318
71.318
Profltl{loss) on ordinary activities before interest
and taxation
Interest receivable and similar income
Interest payable
71,318
5,487
Proflulloss) on ordlnary actFvities before taxatlon
71,318
(5,487)
Taxation on profit on ordinary activities
ProflV{lossl for the flnancial year
Retalned eamlngs
Total retained earnings brought forward
ProfiV(loss) for the financial year
Total retained earnings carried forward
The aggregate of the assets, liabilities and reserves was..
Assets
Liabilities
Reserves
{5,487}
176,855)
71,318
(71,3681
(5,487)
(76,855)
8,777
{85,632)
(76,855)
6.537
{6,537)
The company did not trade in this financial period.
25

Age UK Kensington and Chelsea
Notes to the Financial Statements for the Year ended 31 March 2025
12. PARENT CHARITY
The parent Charity's gross income and the results lor the year are disclosed as follows:
2025
2024
Gross Income
2,891,846
2,960,101
Result for the Year
(18.8001
(76,005)
13. DEBTORS
The Group
2025
The Charlty
2024
2025
2024
Trade Deblors
other Debtors
Prepayments
183,312
24.588
15,295
466,745
11,771
15,039
183,312
24,588
15,295
466,745
11,771
15,039
223 196
493,555
223 195
493,555
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
The Group
2025
The Charity
2024
2025
2024
Trade Creditors
Taxation and Social Security
other Creditors
Accruals
Deferred Income (Note 151
19,304
45,260
13,015
33,524
45,177
49.529
48.437
17,154
34,333
22,40g
19,304
45,260
13,015
33,524
45,177
49,529
48,437
17,154
34,333
22,409
156.280
171 973
156,280
171973
15. DEFERRED INCOME
The Group
2025
The Charity
2025
2024
2024
Balance at the Beginning of the Year
Amount Deferred in the Year
22,409
22,768
6,240
16,169
22,409
22,768
6,240
16,169
Balance at the End ofthe Year
22.409
22,409
26

Age UK Kenslngton and Chelsea
Notes to the Flnanclal Statements for the Year ended 31 March 2025
16. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS- CURRENT YEAR
General
Unrestricted
Designated
Funds
Restricted
Funds
Total Funds
Tangible Fixed Assets
Net Current Assets
22,100
569,522
22,100
1,131,157
320,000
241,635
Net Assets at 31 March 2025
591,622
320 000
1153257
17. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS- PRIOR YEAR
General
Unreslricted
Deslgnated
Funds
Restricted
Funds
Total Funds
Tangible Fixed Assets
Net Current Asets
18,240
548,025
18,240
1,082,499
320,000
214,074
Net Assets at 31 March 2024
666 666
320 000
214 074
1100 739
27

Age UK Kensington and Chelsea
Notes to the Financial Statements for the Year ended 31 March 2025
18a. MOVEMENTS IN FUNDS- CURRENT YEAR
At 1 April Income and Expenditure
2024
Galns
and Losses
Transfers
At 31 March
2025
Dementia Support
Information and Advice
HSCA {CLCHI
RBKC Tender Support
Healthwise
Special Reserve Fund-
Income
Third Paty Payment
Digital Inclusion
Community Engagement
At Home Setvices
Activities and Events
Carers Support Project
Total Restricted Funds
828
1,024
35,215
193.527
166.776
1,379.520
5.000
193.262
160,877
1,379,755
5,000
1,093
6,923
34,980
16,978
15,900
16,978
15,900
5,618
17,908
9,091
61,085
237,677
234,365
56,497
9.126
58,576
225,924
232,412
51,045
5,583
20,417
11.753
1,953
18,055
108,000
241,635
12,603
108,000
214,074
2,343,538
2 315977
Unrestrl¢ted Funds:
Designated Funds..
Operational Activities
Funded
Investment in strategy
Financial Year 24-25
Investment in Strategy-
Future years
Total Designated Funds
General Funds
Total Unrestrlcted Funds
Total Funds
110.000
110,000
150.000
(150,0001
60.000
150,000
210.000
320.000
566,665
866.665
1.100,739
320,000
591,622
911622
1,153,257
548,309
548,309
2 891 847
523,352
523 352
2,839,329
The narrative to explain the purpose of each fund is given al the foot of the rFOte below.
28

Age UK Kensington and Chelsea
Notes to the Flnanclal Statements for the Year ended 31 March 2025
18b. MOVEMENTS IN FUNDS- PRIOR YEAR
At 1 April Income and Expenditure
2023
Gains
and Losses
Transfers
At 31 March
2024
Dementia Support
Information and Advi
HSCA ICLCH)
Healthwise
Speclal Reserve Fund-
Income
Third Party Payment
Digital Inclusion
Community Engagement
At Home Services
Activities and Events
Carers Support Projecl
Total Restrlctsd Funds
174,796
114,321
1,346,219
173,968
113,297
1,332,990
828
1,024
35,215
16,978
15,900
21,986
16,978
15,900
15,555
13,362
(3141
77,905
216,807
245,413
112,847
108,000
2 395 994
9.623
73.359
229,176
270,017
113,712
5,618
17,908
12,369
24,604
13,468
12.603
108,000
241074
121853
2 316 142
12,369
Unrestrlcted Funds:
Designated Funds..
Operational Activities
Funded
Investment in strategy
Financial Year 24-25
Investment in Strategy-
Future Years
Total Designated Funds
General Fund$
Total Unrestrlcted Funds
Total Funds
110,000
110.000
150,000
150,000
60,000
60,000
320.000
740,378
1.060.378
1 182 231
320,000
566,665
886,665
1 100 739
561,786
561,786
2 957 780
723,130
723,130
3 039 272
12.369
12.369
29

Age UK Kensington and Chelsea
Notes to the Financial Statements for the Year ended 31 March 2025
19. PURPOSES OF FUNDS
Purposes of Restricted Funds
HSCA.. To support the delivery of My Care My Way funded by the NHS.
Healthwise.. Grant funding from Royal Borough of Kensington and Chelsea to provide exercise classes
and community advice sessions around common degenerative conditions.
Specialist Reserves Fund.. To fully scope out and explore a sustainable Joint Operating Model for
Paid-for services across North-west London.
Third Paty Payment.. Winter fuel payment funded by Kensington and Chelsea Foundation lo help
residents in need with their fuel bills.
Digital Inclusion.. To provide targeted outreach support to vulnerable older people, including those living
alone who are known to be more likely to experience social isolation, which has a damaging effect on
their mental wellbeing.
Events and Activities.. To provide specific events and activities.
Al Home.. To provide practical support and respite services.
Carers Support Project.. To support carers who support older vulnerable ￿ople.
Purposes of Designated Funds
The Designated Funds were approved by the Board on 3 July 2023. Having considered the current financial
year's outlook and the focus on implemenling the new strategy over three years, the Designated Funds are..
£OOOs
110
210
Operational Activities Funded
Investment in Strategy - Future Years
Total Designated Funds
320
20. FINANCIAL COMMITMENTS
Property
2025
Property
2024
Less than One Year
One lo Five Years
Over Five Years
6,875
1,650
7.700
8.525
21. LEGAL STATUS OF THE CHARITY
The parent charitable company is limited by guarantee and has no share capital. The liabilily of each
member in the event of winding up is limiled to £1.
22. POST BALANCE SHEET EVENT
There are no post Balance Sheet events.
30