Company Registratlon No. 04175500 (England and Wales) Charlty Reglstration No. 1085875 AGE UK SUTtON A COMPANY LIMITED BY GUARANTEE AUDITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CONTENTS Rem of the Board of Trustees 1to9 Indep8ndent AudIS Report 10t013 Statement of Flnancial kbvrti 14 Balanc8 She 15 Statemart of Chty Cash Fl(r 16 Notes to the FnarKxd Statsmwts 17to34
AGE UK SLrrroN REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Directh kyesent Ihetr rep(Kt together with tha fincIal statéments for the ye¥ ended 31 March 2025, whlch have been prepared in accordance wilh "Accounting and RepNting by Charities: Statement of RecoMMered Practice" (SORP). whi¢h is awAicable to charitle5 In wepariry thelr accounts. The accounts are also prepared In accordance wilh the 'Flnancial Rew)rllng Standard appticable in the UK and Republlc of Irdand. (FRS 102) (effective 1 JaThJy 2015 - Chartlies SORP 2015 (FRS102} and the Cornpanies Ad 2006. Reference and Admlnlstration Detalls of ts Charlty. Ils Trust•es and AdvlscKs The Tteas, who are also directors of ts Company arKI wtrK> hav8 held office during part IX 811 of lh8 year 2024- 2025 armllor up lo Ihe date tNs reFK)rt is SIj are: Janet Samuel (Chair until March 2025) Tim Howe Iwice Chalr)- Restgned Decembw 2024 Chrisha Aagaralnarn (Chair of Quality Commlttee). VKe Chak from March 2025 Felrna Hatton (Char d FuThdraising and EThl C(xmmittee) Zoe Lelliott (Vice chair from Nov 2024, Char fr(¥n 2025) Andy Calchadora {Resigned- Marth 2025) FN)na Moore ffreasurer and Chalr ol FinarKe Risk and Audit Conmnittee) Sharn Manku (q)pointed December 2024) Be*ice Njindou (Bod AdvBor) appoInl JaThry 2025 Actlng Chièf Exacutlvo Hlwy Dodd. Januwy- 2024 from June 2025. Company setary untl Dember 2024 Chlef Executlve". Peter Glass from Sept 2024. resigned 2(r25 Oavid Moss, Finance Dkector- app¥)inl Dnb 2024 Charlty No: Company No: 1085875 04175S)O Reglstered Office". Sutton Gate. 1 Carshalton Road. Sutt. Surrey SM14LE M(M)re (Sixjth) LLP, 24 Cty Gate& Souwe, Chkhester. P019 8DJ Audltor Bankèrs: LWS Bank. B]ackheath Branch. ackhth. London SE3 gLH Investment Managors: knAn DdpNn. 12 Smithfield StrpgL L(don. EC1A 980
AGE UK surroN REPORT OF THE BOARD OF TRUSTEES FOR THE YFAR ENDED 31 MARCH 2025 Governan and Management Age UK Sution (AUKS) is a local charity SUPPK)rUng older FW)ple in the London Borough of Sutton. AUKS operates irrtjependendy as a registered chanty incorporated as a company limited ty guwantee, ralsing tts own funds and delivering a range of advtce. supp(Yt and wellbeing seprfices. WKI ading as an expert advocate for dder people in the b. As a'Neiwork Partnerf of Age UK. Age UK &rtton r6Yeives a small level of finalal and administrative support from the national charity. aT]d is required to meet certain (x)nditions, including the delivery of an Informalh)n and Affvice servh*. Age UK Sutton 15 gOVwrd by a Memoranthm and tides of P4sociation whith sets out Ks charitable obje¢tNes. The Board of Trustees meets fwr times a year and is responsl)le for g)veming the affairs of AUKS. Three cornmittees meet quarterfy and have delegated respK)nsibilityfor s¢mtiny arKI ov8rskJht of key strategic areas: The Finance. and knlit Cornmlttee The FurKlraisiTrJ and Entarprlse Committee QJa]ty Commitlee Pay arKI Remuneratkjn Committee (meets once per yèar) Day to day daslon makbng ts delwJat8d to the Chld Exewtive. wf#) 15 anIab[e to the Board of Trustees. and maintsins a regular reporting relationshlp th8 Chair. Specific responsibillties are delegated to the sl0r Leadership T8am (SPffj, arKI other managers as approwiate, through a Scheme of Delegation. The CEO and members of the sFKr are in attendance at Board and comrnTttge meets'ng5. and Trustees and exexulrs Yffjrk together as an effectNe team. Peter Glass was appointgj as Chief Executive in September 2024. Peter wbsewenty stepped down from Ihe role on Jum 30th 2025. Trustees are sdect8d vh a rig(Ycxts recruitinert FKocess and 811 Trustees are elected by th8 Board. Following appointment. Trustees undergo an inductlon arKI all Trustee5 rve training and supwtfor their development and that of the tharity. Truslees ge with strateglc projects as required. e.g. participating in worklng groups, advising on diwete work programmes. and provktin9 expertise to as8k8t the exetjrtive team In dls1On-maknng where ther professional thlls are relevanL Objodiv# for Public The Objects vthth the ch {ts'Obie(tts") Is establIsh arKI to Vh11 Is restrtha are to promote the following purposes for the ber of the public arKVor older peOe in and around the London Borough of Sutton fthe area of benefir). Age UK Sutton's Obpcts li.e. tha purpose ts wPKh it TKas 8Stabiished, kn the b8nefrt of the older people In the London Borough of Sutton) aR set <xrt as f8. preventing or relievirtg the of clder peop18 advancbng gJu¢atlon
erfenting or religviThJ slckne5s, dls&gse suffering in older people (whether emlonal. mental iff physlcal} omotlng equalty and div8r81ty promoting rights of ok16r peq* In acc(xdartt wlth the Universal Dadaratlon of Human Rights assisting older pa8 In need by reason of 11-healttK dabirlty. financlal hardshlp. social exdusion or other di$advantsge, and such othor charliaNe wposes for the bent of older as the Truste88 may from time to time decide.
AGE UK SUThON REPORT OF THE BOARD OF TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 4.1 Introduetlon After a year of stsble activty in 2023124. demand for AUKS swrflces IneaSed again in 2024125. with a signifirAnl increase In referrals of 28% and a 17% in(x8ase in the number of pwle supported by the charfty. refiectiro challenges such as vjntinued pressures on c#)st of living and. fw rnary anxiety around the ending of nt8r fu81 payments. 42 Serviea Ddlvery AUKS delivered a range of Commissioned 8fKI grant funded 58rviGes rxoviding supwrt to our benefi(iaries, iKluding: Sep4ices to support older people to lfve I11 Delivery largetl. inderent Inforni8tion and Advic8- offering suptth on a wld& range of tophx Including w8llb8ing. welfare benefts, righis. fironciai matters. PM)using. and Pfoducts and services. alongsKle Supp with benefit app]htionS, appeals and cnrtsumer issues. Support to those leaving hospitsl or experiencing ill health with the aim of improvitrvJ health outcomes and reducing readmissvJnlfurther health issues. Supwt to people livtng wilh dementia and thew carers. through the provksion of a new Dementia Adviw service and conlinualv)n of monthly wdlbdng peersupport groups acro&s the borough. Delivery of commissioned sw¥1 to older people eXFerIn9 menld health ld[tIonS by workers with Iwed experlence can offer p8er support. o Support to COnnt wlth other peopl8 %Wth our 'Lets Conned, wryramme. tTrKough supp)rtirrfJ [PIe wlth ontOOne connections, SUPFKled groups and actrrfities. and Age UK Sutton'8 wider Drk to wb[e older people to asS l¢xal Prov1 better. CK who may be INing soclal Isolatlon and loneliness. The principal funders of this prowamme were the National Lottery Communty fund. and the Mercer5 Charitable Foundation. Delivery of a Social Entwprise serrfice.'Hdp at Home,. whth provides dayto day support with a range of servir2s: deaning and shoppi. COTmpanionshlp. light meal preparation, other housekeeping supporL and medicatiM promptiNJ. These servws are paid for by beneficiaries at a competitNe rate and enable a trusted partner into people's homes. Any surplu5 is r&direct8d into actNitres that direcUy benefft cAder people in the Lor#lon BOrOL of Sutton. Providing opportunlties to voluntew, bgnefiting Age UK Sutton's actriities, arKI provldlng work ew[en, OPPOflunis to use and learn n8w skills. arKI s(Kial LX9(10n to adults of all ag6s in our comrnunity. Activity that womoles civic engage and irrfluences deosion makers. 1rdling enabllThJ older people to particrpate in con%ltatM. defNeriro eFyJagement 8vents. and participating in national caMpaIS and Infiuencing. Representation of older p80ple'$ Interests, and of drity comfflunity wps of Sutton, In stra(eg forums induding the NHS S(xth West London Integraied C¥e Board (ICB). Sutton's Mental Health Partnership Board. Dementia Strategy Stwlng &p. aThl the Loca5 Safgguarding Bo¥d.
AGE UK soN REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 4.3 Perfomiance and Achleyements In Ilne with previous years. the cost-of4ivlng ttists. and eaSed dematJ thrwgh Home from Hospltal and health needs, there was inrzeased dand for SUPE rOsS all our servtis. Sorvlce highllghts: All our setviGe teams reported IrKxeasI numbers of people being Supptsd. All ser¥e8 worked effidently in support of their beneficiary (x)horL and each met (K exceeded all KPI requirements of grant and wmmissioned actmty. 3.765 unlque indiv1thS suppted across al seNices, representir¥J a 1Th increas8 on previous year {2023-24: 3.236). This rew8senled 12% (Ader people aged 65+ in Ihe I)or (65+ populalion estimated to bg 32.301),. 1,274 indNiduals suppxted live alone- UNS number has rerred consistenty around 34% of the older persons FwulaliLNI {2023-24: 1.117). Across th8 year we made 34.179 conL%t in support of benefKiarfes (either dirert lo benefidary or to 3rd partles in foll(Y•4 up). A contact is a single I[lden1 of contact in person. by telephone. or by another method e.g. email or18tter (compared to 26.203 in 2023-24). indudes 1,685 home visits or face to face visrt8- Agp UK Sutton remakns one of the few janIsatio In Sulton that C1VIue to dolrrfer support through home visits. In y8ar we recewed 6.037 referrals itNJicafjng the number of U[e5 arKI cases Agè UK Sutton has supported {an increase of 280/0 on the FYevK)Us year). Our Community Suppcrt service, provtding regulated 1nfony0t and AdvK, 8UPPOrted 2.588 peoplg trh the year, over £3.2mllli¢)n In kKoffle m8ximlsaiiM. ie. the amount havé secured to increase an irThthvidual's Ythme over the period through assisting older people to secure benefrt entiuemenls save e.g. on blus. This represenls an rKrease of 187% from £1.113rn secured in 202&24. The Community sup seNic8 had its Advice Qualty Standard ed1[all0n fer. evidencing good wactice prc>vi8ion of advice (m social weffare issues. demon5trallng accessibilty to the public. effective management and our slaff havmg the nessary skills and ktmjwledge lo meét beneficiary ne8. In 2024-25 we were successful in laurthw cwjr n8w c¢MIsSed Defflenua Adv15er service whlch vras run aiongside ow existry Dementia peer supp1 swvic8. T1¥h this wider serv1. we were able to swport over 9X) people affected by (knentia. and we received 398 referrals to the S8tvtce, 330A above [r contracted KPI targeL Ow sodal entwprts8 seNice delNwed 10.784 IridenCeS of support. for exampl8 shopping. )rnpanionship. h)usekeeprJg supporL Trms ts 2.7% dcwn on 2W24. Volunteerfng - Duriry 2024-25 had 75 YonteerS supporting Age UK Sutton a(Yoss a range of volunteeriry roles. a(¥$ a wde variety of rokn. irUdIng Servi delivwy, suptM)rting dder peopla to bulld confidence arKI mak8 new s(>ial connections. help at avts. a5S1Stlng with evalualion and fundraising. and officè support such as administration atxl reception. Thls represents an increase of 14% from Ihe prevtQUS year (2023-24: 86). Additionauy. Age UK Sutton VraS-s8sfill in &hieYng the Investorn in Volunteering Quality accredttalM)n which dèmonstrate good in voluntew management and evidences the ' Date: 20231 Sourte: ONS. PopDlatic#i Estitnates
AGE UK surroN REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Icontd... 4.3 Porfomiance and Achiavemonis Icontd... Our rAs8work indi(s that we still seeing increased18vets of complexty in banerlarieS living situation whith often requires a deeper piece of work viitl thè beneflary to und6rstand and d8velop the correct programme to support them. We find that the benefiThary may b8 living with more entrenched arKI challenglng life sttuations. often eXa[bated by lad( of dt&ital access. health InJaIl&S and laGk of financial support. limiknng of the wintw fuel payments to those on Pertsion Credit drove a Iwge number of WKtuiries for pension ched(s over the latter montts of ts y8ar. Funding dollenges: ThafiJnding8nvinnmentfor charities has been challengirvJ, with irKreased demand on Charitable Trusts and Foundations and Strttrty warlners. who also have th8ir ovm dllenging financial positions, many knong to change their fiJryJing prtoriti&s and being M{e tsrgeted towards ar8as of deprtvatlon or need. At the end of the financial year, we saw the COrjUS1On of our fijnding from The National Lottery for L8Vs Connect our crl4s fundiro for outreath work from LGA and for our Home from Hospital service, which wll impact i)n fuiure year5 SUPFfrt for vuknerable wpl8. However, we were able to Sere funding for a Digttal Champk)n progrdmme arvj Walkng Tennis through Age Ub( whiGh wli I continue Into the 2025-26 financ1 year. Addilionally. w were SLKcessful during 20225 with grant awards frotn the Cty Bridge Trust, Garfield Weston and Mercers Charftable Fwndation, provpjing mulli-year programmes around financial wgllbeing and Community Connection actNIty. Plans for Future 0d$ Du8 to trte ending of some grants and cx1iSS1Oned fundlng fcf seNices. VE have had lo reduco the headcounl in some seNkns. This will require us to revi our organisational positsoning. our c¥)r8 servl and capaoty in ord8r to eA)ntlnue to suprM)rt those most In need in Sutton. The current funcSng envn)nment is challervJing for tharftbs. Wth irKreasad costs of employment and a continued cost of living chailerges. the key fS for 202>26 wll be on finandal sustsinabilty and on the longer4erm rosilience of the chariiy. In order to futur&proof income sr¢eS. we have dKIed to #west in a Comrnunlty Fundosing and MaetIng Manager to increase and diversfy InMe sources. This wlll also involve looki at our communications strategy to fLu5 on vthat Age UK stands for 8fKI who we ne8d to target by dwfwentiating our offer as delivering professiortal Servi with exsettise related to advocatirwJ for older pPIe,$ needs. We have exlen5pie experbse in all areas of servi(x delivery, but need [5 to ensure we ar8 ably communiczting this to the wider ststutory and Ix)fflmunity se¢t(Ks. and to our beneflarIo5 (current and fvlure) in ord6r to ensure we are ab to effectively provide serrfi(x that are relevant and needed. Stratégically w8 WNI fo8 on 4 comeTStone servrces." Communty Support (Infomialkjn and Advtce), Demerrtla Svices, We]Ibeing and Pwention servi¢8s our Help at Home social entprISe. Thls wll enae us to slreamline our approaches to both furKlralslrffJ and c(munIcatIc arKi rp-present the core 58rv1 offer for older people in the ljorough. We WHI als0 rnnllnue to ojrknnue wilh our programme of targeted strateg erwmerrt Frovidlng specialist exmisa and voice af older people. We will be f(SirJ on tl4,e developm8nt of the bmjgh dementi8 and prevention strategy. wowessing invcAvement and erwement with the Intawatsd NeigN)(xJrttood Teams (l's). and Ongoi engagemnt with London B(mLYJh of Sutton their Scxial Care and Welfare teams, commlssioning and 14JblK Heth.
AGE UK siJrroN REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal R•view The resull for the year ended 31 March 2025 we gV8n In the Statement of FTrndal Activities on page 13. The assets KI Ilabllities are detalled on the Stat&nent of Financaa Position on page 14. The Statement of Financial Mivitses sh¢Avs a of ndS fff the year of £384,609 (2024: deficit of £66,071). Thi5 r&suM refiecied receipt of two leg&s totslliThJ £449.956. Unr8strthd fvnds total £232.(K19, Designated fts total £561,IyXI, and restric funds amount tr> £70.203. Fundraising and InGome G•neratlon The Trustees, priorfty is to C4Xrtinue to S8<xJrB income. with a focus on supporting consolidation arKI (levdopment of core services to meet demand. Théré Is a partIar focus on ensuring a greater proportion of incorne raised Is frorn unreslrfrted s(wrc8s. Cufrently fuThJing ojmes from a varidy of sources, Induding Grant and Foundallons, Comm15sioned seTvices from statutory agencl8s, SpOnhIP.lègies. donatk)ns. community events. and regular giving. Investment is conlSnuiTrJ to bè made in developing UK Suit's S(X7al enterprfse. Help at Homa. whic provides Impcxtsnl social aTMJ Kractlcal supw)rt at affordable pr. as wll as generaung unrestrlded income for tha chartty. trIng the we were fortunat8 to receNe two substatsl legacies. th have been m•nly deslgnated in liw with reserves pofry. THIth some inveslment to offs81 Increased costs arising from changes to a challenging grant and commlssionrvJ environmert arKI wvemmental policy around Naltord Insuran¢8 and National Mln¥murn Wage. Reserves and Investments The Trustees have agreed a framewrk for delerniining th8 mlnimurn of reserves conswjered necessary lo safeguard the Charivs 501vtsyKy. The calculation is bas&1 upon a rwsk assessment of the Chariirfs Ilnancial pOtiOn and cwtlooL taking into account additional (x)sts and liabilitie5 assoGiatad with thè unlikety event of winding down ts Charivs acbvttles. The Tru5tses have detemiined thatth8 Charity slTould In a resem a mirxmum level of 4 mnths operatlng costs on the basls that this would. kn th8 worst-we scenario, cover the costs of safely ck)swKJ the Charty. This reserve is treated as Des{ted. At the end of the year the levd of reserrfes was SnifiCanty In excess of the level r8qUtred by pdicy. this followed from Ihe r[pt of iwo legacies totalllng £449,956 in Ihe year. Investment Pollcy and Performan Age UK Sulton has a portfollo of inv8Stments by eW1n Dolplyn udlising a 'Dhersifi8d Rts investment Stratégy. The stralegy seeks a bala8 between Income and caplal 0w1h. with the purpose of genarnJ addilional fund6 to sustatn Servi and supkxxt innovatlon arKI irnprovement. In the year to 31 st March 2025 lfOllO rebjmed £5.708 (2023124 £5.455).
AGE UK SUTTON REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Icontd... Risk Management Fl'sk manageTnent 15 central to the Age UK Sutton strategic management prOs. The Charlty maintains a Risk RegKster whith is rgvi8V•d quarterly at the Finan. Risk and Audit Commlttee and wes8nted to the Board at least fyvie a year. New rtsks are highllghted, mitisptions are Consider3, and ex¢eptbn reporting tsk&% place belwgen meetiry. Prfnclpal risks (scoring over 20 in 8 5x5 likelihood and fflatrix) arnl mFtigatbns are: Loss of Commissions arKJ Grant Income Mtligath?n: Ftxus on dlversificalion (rf InMe sources, with th8 nthv Fundralsing and MarketirKJ Manager to develop a strategy to support this rnitigats'on Cost of Livlng crfsls ImpactiThJ benar71es Mitlgation: Management of servio provlsion. Increasing demar)d whilst the cost of provhsing and delNerlng services IrKxeases. Millgation: Cost ttrol and reduction. Statement of Trustees Responslbilltles Thg Trustees (wM> are also Dtreciors of Age UK &Jtton for the purposes of compar)y law) are responsible for pY6paring the Trustees. Reryxt and the financial statements in a¢(xxdance with applicle law and United ngdom A¢c(Mjntir standd5 (Unit8d lQngdom Generally Accepted Accounting Practice). Company law requires the Tnjstees to wepwe financial statements for each financlal year. vthith gwe a true and fair view of thè state of affairs of the tharitable Company and the group and of the in(x)ming resources and application of resour. inCludr the Income and èxpenditure. of the charitable gr(wp for the ye¥. In weparing these financial ststements, the Trustees are requlred to: Select Suitable acrxyJntlrYJ polici& and then aPY them consistenll obsepie the methods and winciples In the CharitEs SORP {FRS102) second edition" ake judgements and estimates thal 8re reasonable arKI pnjdent. state whetherappltcable UK Accounting Standards have been followed. subje¢t10 8ny matertal departu dE¢ssed and explainad In the financAal ststemerts," prepare financial ststements on the goi fJJfK8m basi5 unless it is inapwopriate to wesume that the charitable compary VAII a)ntlnue In Opat. The Board of Trustees Is responsble for keeiyng adequate accounting records Ihat disdose knrylh reasonable curacy at any time the fina1 posiuon of charitable company and to enatAe thèm to ensure that the fin8n(xal statements comply with th8 Companies 2(K16. The Board of Trustses also resportsiblo for safeguarding the assets of the ch*ble <x)mpary and the gnjup and ft)r taking reasonable stsps for the prevention and detection offraj and othw rr8gulathes.
AGE UK surroN REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 llxntd... Dlsclosure of Infomiatlon to the audltors We. the Dtreclors of the compary who held offi(x al the dats of approva of these Flnancial Statements as 58t out above each confwm, so far as we are aware. IhaL" thwe is no relevant wjdit inf0m(th ofvknich the comparfs awliiors arg urwm" and we have taken all Ihe steps Ihat we oughl to have taken as Directors in order to make OUfs8lves aware of any r81evani audit inform*ion and to esiablish that the companls auditors are aware of that Information. ThFs report has been prepar1 in ac(xxdarttwlth the special provi8A)rts of Part15 of the Companles Acl 2006 relating to small companies. By order of the Trustees Zo¢ Lelllott {Chalr) . 2025
AGE UK siJfTON kWDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF AGE UK SLtrroN FOR THE YEAR ENDED 31 IAARCH 2025 Oplnlon We have audited the financial statements of Age UK Sutton Limited (the 'th8ritable cornpany,) for the year 31 March 2025 whkh comprt5e of the SLement of FinancBI AdNities {including Income and Expenditure Account). the Blae SheeL the Stskment uf Caslfflows and notes to the financlal ststements, induding a summaryof significant attountir¥J policies. The financial reportirg framework that has been applied in their prewdlion is appiicatrk law and Unibj ifjngdc¥n Accounting St8fKlards. Including FRS 102 Th8 Financial Fieportlng Stand Appticabie in the UK arKE Republic of Ireland, (Unffied Kingdom Generally Accepted Arn11Thj Pract8). In our opinion thé finarThl statements: gve a true and frair WV4Y of the State of the charit2b]e companls affrair5 as at 31 Mach 2025 and of its ITKoming resourrEs and appli(xth)n of resources, including its InMe and expenditure. for the year then ended; have been woperly epal in &Cordare with Unit&1 Kirydom Generally AcPted AcLwnting Pra¢ti(x: and have been wepared in acLxJrdance with the requnts of the Charibes A¢t 2011. Basis for oplnlon We coThducted our audti in accordance vrith Intemational Standardg on AlIting (UIQ (ISAs(UK)) and applicabla law. Our responsibilities under those standards e fijrther described In the Aud05 RespK)nsibllities audit of the financial statements sectM)n of our report. We are independent of the charitable company in alrdan wtth the ethFc41 requirements that are relevant to audit of the financial statèments in ihe UK inchjdirwj the FRC'S Ethlcal Standard. and we have fuffilled our other ethical responsibilities in accordance with these requirements. We belbeve that the audjt evid8nce we have obtained is sufflcient and appropriat8 to provide a basis for our opriion. Concluslons rolatlng to svjlffj concwn In audittng the financral statements, we havo condud8d that the twsts' use of tke goi concern basis of accounting in the preparati of the financial statements is approprlate. Based on the work have perfornied. we have not identified any material unc4rtainties relatlng to events or conditions that. indNidually or collectively, may rxt signtfiont doubt on the charitsblg tsjmpanses abillty to coniinue as a going concern for a par1 of at least twelve months from vhlen thg finarKial ststements are authorised for issue. Our responsibilities 8nd the resp)wbilitles of the trustees sPeCt to wng conwn are descrfbed In the relevant sedons of this rewL other Inforn*lon The Ot Information rjynprses th8 infomation Induded In tho annu report. other than the finarKial statements and ourau4itorfs reFth then. The trustees are responsible for the other informats'on. Our opwiion on the financlal statements does not o)ver the other irrf¢xmaiion and. expt to the exient otheMise eX111Y statsd In our repcYL we not express any f(m of assurance condusion thewn. 10
AGE UK SUThON
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEE5 OF AGE UK SUThON
FOR THE YEAR ENDED 31 MARCH 2025
Our responslblllty Is to read the other InfatIOn and. In doirvJ $0. conswjer Vther the 0th8r knfwmation is
materially innSIStent wllh the fiDcial statements cr our knovAedgé obtained in the audit or otheIse
appears to bo materiaty misstated. If we kjenlfy such material inconsistencies or apparent materlal
mls5taternents. are required to determine whethu there is a malerial mlsslalement in the financial
statements or 8 materlal misststement cl the other inforniation. If. bas&d on the work w8 have p8rformed. we
conclude thal tsre is a material mlsstatement of thts othw infomiailon. are required to raport that fact.
We have r¥)thiry to report in this regard.
Matters on whieh wo arè requlred to report by excaptlon
We have nothing to rewt in rospect of the followng matters in relation to whth thè Charities (Acci)unt5 and
Reports) Regulatins 2CQ8 us to rep(Yt to you rf. in ¢)ur wAnion:
the informatK>n given in trustees. reFMYt s ITnSIStent ary rnaterial resped qth the finarKial
staternert¥: or
sufficiènt cOunting reths habr not been kepl or
ihg financlal statements e nol in agreennt vAth th8 acnI1 reryjrds:
AGE UK siFrroN
INDEPENDENT AUDrroR'S REPORT
TO THE TRUSTEES OF AGE UK sirrroN
FOR THE YEAR ENDED 31 MARCH 2025
AuditoWs re5ponsibilltles for the audlt of th? flnaneial Statements Icontd...
Irrewl8ritth, indudrKJ fraud, are instsrKes of n0nac0mpliar wth laws ar regulallons. We d8slgn
proce<Jures in lin8 our responslbKtttes. outlined above. to detect ffratwlal misstatements in respect of
regularities, induding fr2ud. The extent to vthich our prOlUreS are capabb of detIng irregularits'es.
tnduding fraud is detailed below.
Explanation ag to what extent th• audtt w&$ consldored capable of dotectlng irregularitles. Includlng
fraud
The objeclives of our dit in respect of fraud, are." to identify and assess the rlsks of material misststement
of the financial s&ments due tofraud: to obtsin sufficient appropriate audit evidence regartling the assessed
risks of material misstatsrnent due to fraud. thrgh designing Inx)lementiThJ appropriate r8sponses to
those assessed risk5', and to respond appropriately to instances of fraud or suspected fraud Identified during
the audit. Hrywever. th8 primary resFonslbilty for the wwentM)n and detection of fraud rests with both
management and those charged with govemanco of Ihe charitabl8 company.
Our approach was as follows:
The eng8gement partner selected staff for the audit who had appropriate knowledge of tho cllent and
who had the required compa8n¢o and ski1Ss to identity or recognt8e non<mPliance with laws and
regJlations.
We ass8ssed the risk of rrewlarthe5 as part of wr audit planning. and oning review. Iruding those
due to fraud, management override vras klentifi8d as a signrfThnl fraud rislL Thi5 18 due to the abllty to
bypass controls through irrapFryriate expendth and accounting poli6Tes adopt6d.
cOrnpleter$S of ant IrKome was deemed a Snifi(Xnt risk. A(klitionally as some Income reofved is
restricted in its use. a signfficant risk was id8ntifwJ regarding the [rect classftcation of income
ben restricted and unrestri(Aed fijnds arbd that the expendtture againsl thls income was in line with
ary spec1 reslrictions.
We obtained 8n understan
AGE UK siTrroN INDEPENDENT AUDrroR'S REPORT TO THE TRUSTEES OF AGE UK suON FOR THE YEAR ENDED 31 MARCH 2025 To addr8ss the rlsk of MpletOneSS of ome . perfomed analytical wocedur8s to hjentify uNsual or mexpe(l relationshTPS, along with comparison to budget: tested a sample of grants to suprKxling d(Xxwn ¢J)nfirrning ffK(xne correcty a(x))unted fof.. rthyewed donations and gifts recelved arnd the year erxl. ensuritvj correctly applied: and agreed deferr income to suprMxÉing dnentl0n. To address th8 risk of dassifKxtion of Income betw restricted and UrestrICted YR.. agreed a sample of income reu)rded kn th6 wninal ledger to IkM7Jmentatton to ensure any restrictions were Correcliy identifiéd". agreed a SaMe of expenses ¥Kurred to ensu tst they had been all(Kated to the ¢tyrect fund: and oIAained and reviewed fund andysis to 8nsure that the calculations were o)rrect and agr8ed to the accounling reL(ds. There 8r8 inherent limilations audlt wttedures desLYibed above. The more removed the law5 and regulatlons are from the financial statements. ts less likely it is that we would becom8 aware of non- compilance. Auditing standards also limit the audit prOCjure$ required to identfy n0rkccmnpl1an with laws arKI regulallons to enqury of the (keth5 and Otr maw8ment and the InspeCn of regulatory and legal corresp)rKJence. If any. Material mlsstatements that due to fraud can be h¥der lo dete¢t ITrAt Ihose that arise fr(Kn 8rmr as they may lrniolv8 deliberate conceknt of colluslon. We CAimmunicate wtlh Ihos8 tharg8d with wernarK8 reg¥ding. arn other matters. the trfanned scope and timing of fhe audit and Signifnt audit finding4 iThauding 8ry Silt deficiencles in tsit8rnal c4)ntrols that we identify during our audit. Use of our report This report is made solely to ihe chariiab18 comparfs trustees. as a btyjy. in accordancA wlth Part 4 of the Charilles (Accounts and Retmxts) Rejjlatlons 2008. Ow audit wrxk has been undertaken so that we might stale to the charitable Comp$ trustees those matters which we are requlred to stale to them in an audltorfs report arKI for no other purpose. To th8 fullest extent permitted by . w8 do rjot acc¥ assume responsibilty to any party other than the charitable company, the charitable company's trustees. as a body. for our audit work. f&r this repo¢ or ft¢ the oplnion hav8 foimed. -al Loulse Hastings (Senior Statutory Auditr) for and on behalf of Moore (s1h) LLP, Statut(ry 24 Cty Gates Southgate Chhester West Sussex P019 8DJ Mcx)re (sth) LLP is eligible to &t as audltor n temB of S)n 1212 of ts Companle5 Act 201. 13
AGE UK SUTfoN STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2025 (Includlng Income and Expendiiurn Account) Total funds Notes Unrestrictsd Restricted funds funds 2025 2024 Income Donation and legx Income from charitable aCtiviS Investrnent in(x)me 462,585 679,963 6.809 211 777.182 462,796 1.457,145 6,809 8.014 1.351.144 5.455 Total Income 1,149.357 777.393 1.926,750 1,364.813 Expenditure Cost of rdlsing funds Charltable 8ctrrfiti8s Other 39,714 703.168 16.33D 39.714 1.479.821 21.942 37,176 1,396.797 15,4 776.653 5.612 Total Exp¢ndltura 759.212 782,265 1.541.477 1,449.463 Net urYeali59dlrealis gainsloosses) on invèsbnents 3.336 3.336 18.778 Net (Outgoingylncoming Resources 10 393.481 {4.872) (66.072) Rernoasurement galn on defi benefrt penslon plan Transfers 19 (4,IKKJ) {2,996) (4,IJCM)) Nat movement In funds 386,485 (1,876) (66,071) Raconclllatlon of funds Totd funds brouglrt forward 406.524 72.079 478,603 544,674 Total funds Garrled forwanl 793,009 70.203 863,212 478,603 The statement of flnancial athities includes all galng and losses rÈcognised in th& year. ATI Incomlng resources arKI resources exped derive from (x)ntinuing activitses. The rntes on pages 17 to 34 fonn part of th839 firn¢la statements. 14
AGE UK suON REGISTERED NUMBER 04175500 BALANCE SHEET AS AT 31 MARCH 2025 Reglstered Company number- 04175500 2025 VJ24 FIXED ASSETS Tangible assets Investhlents 13 14 7.422 336.808 29.T11 344.230 339,115 CURREKf ASSETS DebtOTS Cash at bank and In hand 15 93.767 483,605 258,328 152.194 577,372 408.522 CREDtroRS: Amounts farg due wilhin one year 16 (54,380) (267.130) NET CURRENT ASSETS 522.922 141.392 Dèfjned nefft penslon11obility 19 (4.010) (1.904) NET &ErS 863.212 478.603 FUNDS Unrestriced RestslGted 21 21 406.524 72,079 70.203 TOTAL FUNDS 863.212 478.603 For the y8Br ended 31 March 2(Y25 the company was to exemptim from aSlI under seGbon 477 of Ihe Companles Act 2006 relar to small companles but as INS company15 a rto7ty. It Is subj1 to audlt under th8 Chgrilies Act 2011. fina ststements v8 8pwoved and avttmxlwj for (s by the Bo8rd ...... ..... Zoo L•lliott Chalr The notes on pages 17 to 34 forn part of thè58 fina181 slaterMni& 15
AGE UK surroN STATEMEPTf OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Notes 2025 2024 C•sh I1¢W from op•rallng a¢tlviti Net cash provrded by operating actNtties 331156 44,145 Gtsh flows from investing actlvhles Interest received and dividends Purchase of propety. plant and equipment Proceeds from sale of 1rNestrnts Purchase of investmeTts 809 (3.853) 3.180 (13.031) (7,755) 48.129 (58,945) N4t cash provldod by l (used in) finandng activitles {6.895) (13,116> Change in arKI cash equrftlents In the repcting perlod 325,281 31.029 Cash and cash equlvalents at the beginnlng of rewting period 161.676 130,PA7 Cagh and cash equivalents at th• end ol th• reporting porfod 486.937 161,676 Cash 8t bank and In hand Investments 152.194 9.482 486.937 161.676 Directors. resportsibilill The member5 have rnt re(Nwj ts Clynpany to obtsin an au(fit of Its WXOLrt5 for year In quèstlon in acoJrdarKe th secliw 476. ditBCtors acknTh4ledg8 their reSrAt1es for cornpng wlth the Wlwrwnents of the Act with respeci to aceounllng rwds aj ts weparakn of accots. These financtal statsments have b88n wq)ared kn accorrIa with ts spe1 provfSlC rekung to companies sthject tD the sinall ¢xJmpani6s •Me. 18
AGE UK siTfTON NOTES TO THE FNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 AccouKnNG POLICIES Basi of Pre ration Age UK Sutton Is a ¢harilable cofflpany. limked by guarth and has share (apital. In Itp event of the chaity bdrwj wound up, Ihe liabillty in respect of the guaraniee is Ihnited io £1 w member. The company is In¢orpS In England & Wa Thè rwtered address i% Sutton Gat8, 1 Carshalton Road. Sutton SM14LE. The nalure of the charws OallOnS and princlpa activttles are to prrxmote the wellbeing of older people. The (arity constitutes a rAJbk benefft tity as defd by FRS 102. The firorKial siatements have been prepared in a(£ordance with ts Chty's govemlng document, the Gompanles Act 2006, FRS 102 Tr FlnanGial Rewling Standard applicable tin the UK and Republic of Irelan (°FRS 102.) and the Chorities SORP 'kcounting & Reporting by Charities: Statement of Recommended Practic8 applk4ble to charitles weparfng their accounts In aLXtTrrdan¢e with the Financlal Reportlng St8rbJard appllcaLle in the UK and Repub16c of Irdand. the Financial RepoFting Standard appliGablg in the Untted Kinglom arKI Rewblic of Ireland (FRS 102). (effective 1 January 2019). The fir4a1 statements have been prepared on the going (XYr basis, under the hisiorKal cost ConVentiL rnodtfied to inc&Jde certain items at far value. The fmanclal slatements e prepared in sterting thch Is the funclK)nal (wrrerKy of th8 charlty and have been rounded to tha nearest Ixxmd. b. Goi Concern The financial statemenls have bwi prepaTad a going Cern basls a5 the trustees befwe that no material uncertainlies 88t. The twstees have consyjered level of furKls held arid expected IrKMe and expenditure for 12 months from authortslro thes& financtal statwmerts. The budgeted srK0rn8 and expendiiure Is SLrfficientwith Ihe level of reserves for the charity to be able to conliNe as a going concem. Incomin Resources Donabons and other volunw irmme are re(xISed Or the charity has been notified of the dOnaon. Gts and contrads IlUdNj tfv)se f wchase of fiwl assets are recogntsad In In the year in wl¥ch Ihey are receivai4e. Legacies ar8 acCOted ts al the earlier of. Ihp date on the charity is aware ttAt wobate has been anted. the estate has been findised and nlfi has beèn made by ihe executrfs) lo the charity Ihat a distribution will be made; or when a dlstritxrtion is mad8 from the estats. Recelpt of a legacy. in whole or part. is Y considered probable then the amount can be measured reliably and the ChrtY has been notified of th8 execulorfs intention to mak8 a distribullon. Whgro legacies have been rM)tified to the charlty. or Ihe charity 1$ of the granting of probate. and criter for income reDJgnitkn have not been then the legw ts tred as a 1x)nlu)l asset arKI disdosed ff material. Irwesiment Income L5 a(wunted for In the wK)d Ni whlth thè chaity Is entived to rernipL The inc0 from user fees 15 recogniwl #i Ihe wiod to It retates. lkny IrKome receNed in JvarK Is treated a5 def8fr&J irwme. Trathng income recelv&J for services provwjed Is rognd in the year In whith tt Is due. The value of seNices provided ty vduntaS is rnt irK(ryr* In the finartial statem8nts. Delalls of the ¢ontributlon ofvoluntews can be found in the Irustees. annual reyL 17
AGE UK StrrroN NOTES TO THE FINANCIAL STATEMEFrrs FOR THE YEAR ENDED 31 MARCH 2025 ACCOLAITING POUCIES I irtd... d. Resources Ex eThdgd Expenditure 15 re¢gl1 on an accrual basis as a liablty Is Incurred and indudes Trecoverdble VAT. Costs of raising funds Cmprise the costs associated ¥th attracting vrAuntary trMe and fijndraislng. Charitable expenditure comprkes those (¥)sts lTryJrred by the tharTty in the déltV8ry d its acliviti8s and Serv for older peop Other expenditure represents those costs rntfalling into any othw heading. 8. All rtcos Costs are allocated to th8 pthilar axmty where the costs relate dlrectly to that activity. Hwever, the costs of overaH direction and administratlon on each acttvrty. is apF#Ytned on the basts of Incotn8 receNèd or staff tirne whthevw gves a reasonable assessmenL f. Deferred Incorne Whwe the donor imposes corKltllons and thts requres a level of perfmnce before entillement can be oblained. the income is deferr8d until these conditil8 are fully met or the futrfilment of thèse conditions is within the control of the crIty and ft 18 ryobable that they VAI be fulfilled. Rental payable ur#ler operallng leases we charged to the Statem8nt of Financlal Activities on a stralght line basls over the leas8 term. h. Pension Costs Contributions to the goup s defined COntrul10n penSD scheme are charged to the Ststement of Financial Activtties in the year in which they become payable. The assets of the scheme arè held séparately from ttre of the grwp In an IrKlependenty adrninister41 fund. ContrItionS to The Pen5iw6 Trusfs Growth Flan. a mu1tpemroYer scheme are tharged lo the Statement of Financial Activities in the year which they become payable and are a0nted for in accordan wtth FRS 102. L Taxation The tharttable company FS exempt from Corwation Tax on ts rItable activitEs. Al experM15ture under £500 Is treated as an expense in the pth)d. Expendriure on capital purchases is dewecHted on a straight line basis based on the exp8ded useful lrfe of the item. Flxttjres and fittings Computer 1Pment Vehicles - 25.00% straight line - 33.33% straight line - 25.00% straight line k. Investments Inveslrnents are stated al market value and all gains and k)sses are taken to the St8t8ment of Financi81 Activities as they arise. Realised gall ar k)sses on investments a tslculated as the dlfference belween procJs of sale arvj cost of purchase. Unrèallsed gairts and losses are lCulated as the dtfference betstsen the mrkèt vahje and the year end and opening market value (or purchase date If later). Realised arld unrealised gains are not separated in Statement of Finanal Activities. 18
AGE UK SUTTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES l (td.._ Debtors Trade aTKI othw debtLYs we (e(x)gnlsed at th8 settlement arUnt the. Prepayments are valued at the amount prepaid at the balm sheet date. m. Cash at B nk and Cash at bank and trash in ha1 indudes CAsh and slKYt term hlgNy liwid Investrnents with a sTrt maturty of threè monts or less from Ihe date of 8cquLsiK)n ¢x (yening of the (bposit or slmilar amunL Creditors Trade 8nd other credit¢xs are recognised when the charity has pr&*nl otligations resulting from past events and be m&wred or esiirnatod rgliat4y. Credit5 are reCOLsed at their setdement amounts. o. Flrrancial Instruments charlty Y has financial a55ets and financral liabl11t of a kind that qU81fy as basic financlal instruments. Basic financial lrnstruments are ItiallY recognised al transaction value and subsequently measured at thelr settiem8nt Va8. p. UnrÉstrkled Funds Unreglricted funds are dallonS and other Incoming resources receivaLa and income generated lo fijffil the objects of the charity wiflyxrt fvrth8r sperar purp d e avalable, as general fund& for us8 at the disGretion of the trustegs. nated F Designated funds are urrnslrlcteAI funds assigned f(x a partlcukr pwpose by tho board of Trustees. Th8 aim arvj wpose of the deS1ted funds are set (xjt the Njtes to the ac(x>unts. Restrtcted funds funds are lo be used in ac(x)rdance speCiC restric4ions impt)sed by donors. Expendilure (hat meets th8se citeria Is charged to the funds ttrJether wilh a fair allatiOn of management and support costs. The aim and purpose of the restridwj funds are set out In the notes to the xcourts. ents and Esti In the applicalion of the charivs accounting Fdici8s. the are required to make judgements. estimates and assumptions ab)ut the rryIng am(wnt of assets and liabilities that are not readlly apparent from other source5. The 8Stinates and a$sed assumptions are based on historical experien and otherfactt)rs that ¥8 }nsIdered to be relevant. Acbjal results may diif8r from these estimates. estFmates and untslylng assumpik)ns we reviewed on an onwmw b&sÈg. Revisiwts to accounlirKJ estimales are reGognis8d In the period 1¢h the estimate is revised where Ihe revision affects only that period. or in lh8 period of the rwIslon and future Wi(x15wTre th8 rev(sb)n affects l)cth curr8nt and future periods. The INstees bglieve there rKb such signiltant items. 19
AGE UK SUThON NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025 2 DONATIONS AND LEGACIES Unrestricted ReStrIct Total Funds Funds 2025 Total 2024 Donations LclaS 12,629 449.956 211 12.840 449.956 8.014 462.585 211 462,796 8.014 In 2024 donations of £1.509 wwe res1J1¢. INCOME FROM CHARrrABLE ACTivmES Unrestrlcted Restrlcted Total Funds Funds 2025 Total 2024 User Fees and Othor Income Hdp At Home incorne Cortsultancy fees U8er fees and charges Cllent shopping rarge incoff 424.142 250 424.142 386,165 8,$)0 3.570 &8,987 241 3.097 57,777 427.248 58.018 485,266 467.222 Grants and Contr&ts (see Note 4) 252.715 719.164 971,879 883,922 Total In¢ome from Charttable Actlvfties 679.963 777,182 1.457.145 1,351,144 In 2024 £68.987 of dient shopping recharg8 Irmme was restricted. and £517,993 of and o)ntracts were restricted.
AGE UK SUTTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 GRApifs AND CONTRACTS 2025 Total 2024 Total Unrestrlcted Restrlcted LB of Sutton" Together for Sutton &rtton CAB" Mentsl Heallh I&A Sutton CCG'_ Hornè fr(Kn Hosp5tal commissM)n Imagine Independence- Sutton Uplift C*Jmmission South West London & St Geow NHS Tnt- Mental Health Peer Supwt LB of Sutton- Dementia Peer Support Age UK- Brand Partner payment Age UK- Digital Champ[8 Age UK- Walktng Tennis The Henry Smilh Charity Gafrd Wgston FourKlation- Core Servfvxs The Mercers, Compary National LottY- Let's Connect National Lottery- Cost of Support Let'8 Connect SDA Green Token Award Donor requested an0ty Wami Homes Gemini Project The London Bomugh of sut1- Togettw for Sutton Crisis Roie Help at Horne Frailty Age UK- Bulding Better Llves Grant 115.097 12.492 115.097 11492 127.000 109.353 12.451 242.OtKI 127.OCKJ 417(Kl 417(10 41,097 71,915 71.915 186,000 11.100 41249 9.512 ).000 25.000 69,216 56,698 10.000 186.OtKI 11,11XI 42.249 9.512 30.000 25.000 40.000 60.000 25.000 146,082 29.330 150.909 15).909 1,600 10.000 18.460 18,460 27,720 4&725 46,725 25.958 3.616 35,950 5,571 15,OCX) 15.CX)O 251715 719.164 971.879 883,922 ' LB of Sution- L(xNJon Borrjuth of Sutton". CCG-Clinical Comml8sK)nir¥J Group; CAB-Citlz8n's Advice Bureau. InckKI1 kn 2024 were restrmknd ants and o)ntraLts of £517.993. INVESTMENT INCOME Tolal Total Funds Funds 2025 2024 DividerKIs Bank Interest 5.708 1.101 5,455 1,101 5,455 In 2024 no investment irr4Jma vras r&slrKaed. 21
AGE UK SIrnN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 6 RAISING FUNDS Unrestricted Rostrfctad Funds Funds Total 2025 Total 2024 Investment managèrs fe&8 Wages and salarles Consultancy fees Other staff costs Recruitment Fundraising Generdl offth expenses 2.008 36.049 1.469 17,51)0 13,695 229 36,049 1.403 1.403 4,037 39.714 39,714 37,176 In 2024 no 6xpertses for raising fwKls we restricted. CHARrrABLE EXPENDrruRE UnrÈstrkted RestrlrAod Funds Funds Total 2025 Total 2024 Wages and salari85 Staff related costs Volunteer èxpenses Rent & rates Legal & professlonal fees Communication & postage General office exponses Deweciation Support costs (note 8) Cost of Client shopping 600,174 8,167 542.245 5.412 1.251 40.838 23.158 8.526 41,583 1.142,419 13,579 1,014.150 68.085 3.817 38,322 3,962 11,632 41.897 4,093 143,852 68.987 8.317 49.155 23.158 9.725 3.199 14.886 68.326 57.863 57,777 126,189 57,777 703.168 776,653 1.479,821 1,396,797 In 2024 £622.584 of charftablg &xpen(kture was re5trith4.
AGE UK StTrroN NOTES TO THE FINANCIAL STATEMEP FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS Basls of Charltable tion Expandlture Total 2025 Wages and salaries Staff related costs Communications Rent & rates Cleaning & utilities RoFe 101.311 {365) 4.758 6.289 150 8.211 5.775 101.311 (365) 4.758 6,289 150 8.271 5,775 Hea(knunt HCount HeadUnt Headcount 126.189 128,189 All support Costs are deemed lo relate to chilable expendlture. 9 OTHER COSTS Unrèstrlthd Restricled Funds Funds 2025 2024 Au¢Mfe8 Aceountancy Vero (x)sts arKI dislyjrsemetts Truslees expenses l AGM Trustse reCltment l training P&)ston Inlerest 6.531 1.037 1.220 4.806 763 11.337 1,800 1.220 342 11,340 1,800 1,405 776 12 157 7.200 43 43 16.330 5.612 21.942 15,490 In 2024 thern wwo restrkted costs of £5.758. These )st$ are deerned to be the govemarKe (Thts ofthe charity. 10 NET INCOMING RESOURCES FOR THE YEAR 2025 2024 Thls Is stated after Ch9. Audit Auditors - rn-aU¢yrt serv Deweciation 11.340 3.020 5,775 11,340 3.205 5,667
AGE UK surroN NOTES TO THE FINANCIAL STATEMETr¥rs FOR THE YEAR ENDED 31 MARCH 2025 11 TrUSTEES AND KEY MANAGEMEKf PERSONNEL REMUNERATION AND EXPENSES Trustees did not rwe remuneration in the year fw thèir servicas. During the year 2 Trustees (2024- 2) were relmbursed expenses of £342 (2024 - £163) in respect of travel and subsistence. At the year end £nil {2024- £Nil) was ¢7wed to the trustees. The expenses daimed are in line wth the Memorandum & Arbcles. Key management received total remunwation of £197.089 (2024- £199.362). Trustee lThJemnity Insuran is includèd wilhin the charity's overall Insurance. During th8 year the charity paid £8.054 (2Q24 - £4.146) in respect of In5urarte. 12 STAFF COSTS ANO NUMBERS 2025 2024 Aggre* payroll (y)sts were: Wages and salaries &yial security costs Other pension costs 1.140,373 84,927 33.273 1.034.880 74.850 23,733 1.258,573 1.133,443 Partlculars of employees: The average number of staff employed ty the chwity durng the finan yoar amounted to: 21r25 2024 No. Administrative slaff Management staff Help at Home workers 42 23 70 There were rn employees 8amtng cwer £60.000 in 85thef ytar. 24
AGE UK SuoN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13 FIXED ASSETS Flxturns And Flttln96 Computor Equlpment Total Cost At 1 Aprl 2024 Additi'ons 2.826 1.981 25.249 1.872 28.075 3,853 At 31 March 2025 4.807 27,121 31.928 Depreclatlon At 1 Awil 2024 Chargg for the year 1828 15,905 5,335 18.731 5.775 At 31 March 2025 21,240 24.506 Net book value At 31 March 2025 1.541 5.881 7.422 At 31 March 2024 9.344 14 INVESTMENTS 2025 2024 Market value as at 1 W 2024 Additions Disposals Change In fflarket Value 320.289 13.031 {3,180) 290,895 58,945 (48,129) 18.778 333,478 320.289 Cash available to invest 3.332 9,482 Closlng valuatlon 336.808 329,771 Market Valua 2025 Mark¢t Value 2024 Quotgd Investments Bonds Equiiiès Global Investments Absolute Return Prnpety Commodities Other 89.705 48.629 139.411 30.078 7.018 12,621 6.014 3.332 79,618 45.697 142,825 28,622 8.447 9,282 5,758 9.482 336,808 329,T11 25
AGE UK SLwrroN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15 DEBTORS 2025 2024 Amounis falllng du• wlthln one yth¥. Trade debtors Grants and directy charged serrfices Prepayments 67.431 23.881 2.455 100.506 146,016 9.806 93.767 256.328 16 CREDrroRS: Amounts falllng duo wlthln one year 2025 2024 Trade creditors Deferred Income Other creditors Accruals 166 24.900 3.338 25.976 223,432 2,103 38.257 54.380 267.130 17 DEFERRED INCOME MOVEMEKr The movem8nt in deferred income is as folkms: 2025 2024 Balarw at 1 April 2024 Amounts deferred in IPE perK)d Amount released to ir1ming reswrc8S 223,432 24,900 {223.432) 314,750 91,583 (182,901) Balance at 31 March 2025 24,900 223,432 18 PENSION AND OThER POST-REfiREMEpif BENEFrr COMMITMENTS 2025 2024 Defined ContrfMv)n Contributions payable by th8 chwity in tha 24.060 23.733 IAJlli-Employer Pension Plan Contributions payable by the chY in the perlod for defined benefft pension dt 1.941 5.012 26.IKII 28,745 ContribJtions of £5.320 {2024- £418} were penslon srt*mes at the balance sheet date.
AGE UK surroN NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19 PENSION SCHEME AND OTHER POST- RETIREMENT BENEFITS The company particlpates In the scheme. a mUld-enW scheme which f(NkJ8s benefts to some 521 non- as50ciat8d partlcipating employers. The scheme is a definwj benefit scheme in ihe Ulc It is Trjt posslble for the cofflpany to obtsln sufficient 1nfrKti0n to enable it to account fcK the sthgme as a defined benef schefflg. Thèr8fore11 ac(mnts for the scheme a5 a defined e4)ntrtiJution stheme. The scheme Is subject to the funding legislation ined in Penstons Acl 2W4 whh came into fcfce on 30 December 2005. This, iogther with documents issued by the Pensions Regulatr and Techni(al Actuarlal Standards Issued by the Financlal Reporting Cwwal. set out the frarnewoFk for furkJing defined bgnefit occupational penslon 8chem8s in the UK. Th8 scheme Ls dassified as a la%t-man standlng arrdrKJemenV. Therefore the cornpany Is Folentlally liable for other partiC4pating em0YerS. obligatknn5 if th058 em[A0yS are unabte to rneet their share of the scheme d8ficlt foll1r withdrawa from the thme. PartKipatry employers are legalty required to meet thelr share of th8 stheme deficit on an annuity purchase basis on wlthdrawal from the sthme. A full acbjarial valuation fsx the scheme was ¢zrr*d lxrt at September 2023. This valuation sh(Aved assets of £514.gm. liabilities of £531.Om and a dorlt of £16.1 m. To eliminate this funding shortfall. th6 Twstee has asked the participattng èmployers to pay addtlKThI (a)ntrILtIorts to the scheme as follows: Doficlt contributions From 1 AWH 2025 to 31 Marth 21Y28: £2.1.() per annum (payable monlhly) Unless a cor%Slon has been awl d imlh the Tntslee tenn trj 31 M¥ch 2028 8pplles. Note that th8 scheme's previou5 valuation was carried i)ut with an effecifiie date of 30 Sept8fflber 2020. Thls valuation shlxved assets of £81XI.3m. liabilities of £831.9m and a deficA of £31.6m. To eliminat8 this funding shortlall. th8 Trustee asked Ihe participating emfv to pay additirKHI contributlons lo the scheme as follows: Dofl¢lt ¢ontrfbutlons From 1 Awll 2022 to 31 January 2025: £3.312.1XK) per annum (payknle MontrY) The recovery plan contribulions ar8 allo¢%ted to exh pwlKxpatlThJ emt4(ryer in lin8 With the estimated share of the Series 1 and Series 2 sth8me liabilitSes. Where the scheme is in delkjt arKS vthere the Lxxllp has to a defKil fijnding arrangement tho company rwnlses a Ilabilty for this obligation. The amwrrt recogni5ed 15 the n8t wesent value of the defi¢lt r8ductlon contrilxjtions payable under the agreement that relales to the def. The prèsent value is calculated using the discount rata detaled in these dlsclosur8s. unwinding of the discount rate is recognised as a finance cost. PRESENT VALUES OF PROVISION 31 March 2025 (£s) 31 March 2024 (£s) 31 March 2023 (£s) Present value of provision 4.010 I.4 4.076 27
AGE UK Sifrn)N NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025 19 PENSION SCHEME AND OTHER POST- REllREMENT BENEFrrs Icontd... RECONCILIATION OF OPENING AND CLOSING PROVISIONS Period Ending 31 March 2025 (£s) Period Ending 31 March 2024 {£s} Prowsion at start of period 4.076 Unwinding of Ihe di$Unt factor Unterest expense) Dett contribulion paid 157 (1,941) (1330) Remeasurements- impact of any change in aswmplons Remeasurements - amerMents to the contrlbution s(edule 25 3,972 Provislon at end of period 4,010 1,904 INCOME AND EXPENDITURE IMPACT P10d Ending 31 March 2025 (£s) PericY Ending 31 Match 2024 {£s) Interest expense 157 RerneasureMts- Impact of any change in assumptions Remeasurernents- ameThJments to the conlrknition sch8dule 25 3.972 Costs recognis&l in income and expendibjre accwnt ASSUMPTION5 31 Mh 2025 % per annum 31 March 2024 % per anwm 5.31 31 March 2023 per annum Rate dIunt 5.52 The drscount rates shown ale ar8 the equfvalent sirvJle discount rates which, Mthen used to discount the future recov8ry plan (y)ntributions due. would gve the same results As uslng a full M corporate bor%1 weld curve to dlscount the same r)Very plan contributicyts. The following schedule details thè deficlt Contr1trtIOrts agreed be(W the MpanY arKI thg scheme & each ygar end period".
AGE UK SiTrroN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19 PENSION SCHEME AND OTHER POST- RETIREMENT BENEFs I contd... DEFicrr CONTRIBUTIONS SCHEDULE 31 March 2024 (£s) 31 March 2023 (£s) Year endirg 31 Mwch 2025 {£s) Year 1 1.431 1,431 1.431 1,941 2,330 1,941 Year 2 Year 3 Year 4 Year 5 Year 6 Ywar 7 Yéar 8 Year g Year 10 Year11 Year 12 Year13 Year 14 Year15 Year 16 Year 17 Year 18 Year19 Year 20 The company must recognlse a fiabli ity measured as the FKesentvalue of the o)ntrlbulions paydble that arise from deficit reVery agregm8nt and the resultiru expense in the Income and expendibjre account l.e. the urhviThJing of the dlscount rate as a finarKe $t in the wh)d in Twhich it arlses. It is trse c(xthbutM)ns that have bw) used to dwhe the Comp balarKa sheet liatslity.
AGE UK SUThON NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 MARCH 2025 20 ANALYSIS OF CHARrrY NET ASSETS BEfwEEN FUNDS Unrestricled Restricted Funds Funds Total Funds Fhed assets Current assets Current liabilfties Penslon lilIty 344,230 507,169 (54,380) (4,010> 344.230 577.372 (54,380) (4,010) 70.203 Net assets al 31 March 2025 793.IyJ9 70.203 863,212 Analysls of group net useis boiweèn funds for th• year ¢nded 31 March 2024 Totsl FurKIs Funds FurKIs Flxed assets Current assets cuent Ihabilrlles Pension liabilty 339,115 336,443 (267,130) (1,W) 339,115 408,522 (267.130) {1.W) 72.079 Net assets at 31 Marth 2024 406,524 71079 478.803 21 MOVEMENT IN FUNDS At 1 Apfll Incomlng 2024 Resourc8S Outgolng Resourc Transfern 31 March 2025 Unrestrfcted Funds Pènsion Liabilty Restmcttjring 4M Opex FundraisirwJ Managgr LC Staffing Due Diligence (70.000) 62,000 338,000 100.000 31.¢XIO 10.000 20,000 62,000 338,000 100,000 31,000 10,000 Total Designated 90.000 471.OW 561.000 Genal Fund 316.524 1,149,357 (759.876) (473.996) 232.009 TO unr•strfcted funds 406,524 1.149.357 (759.876) (2,998) 793.009
AGE UK SUTfoN NOTES TO ThE FINANCIAL STATEMEPtrs FOR THE YEAR ENDED 31 MARCH 202S 21 MOVEMENT IN FUNDS l (..- Movernent In unrnstrlcted fund8 for tho Charity year ended 31 March 2024 At1 Ap Ineomlng 2023 Re$purtes Outgolng Resources Trnn8feKs 31 Maich 2024 Unr•stfiCt8d Funds Penslon Ltability 90,000 Total urYestrt¢ted funds excl. PensK)n 349,093 794.903 (821.121) (6.351) 316,524 Total unrestrlcted funds 439.093 794.9)3 {821,121} (6.351) 406,524 At the eThJ of the year the level of r8seNes was slffjcanlly In excess of the level requwed ty thlg followed from the recelpt of legacies in the year. The opportunty was taken to designale funds to rnary risk end to invest in the future rjf the dBrity. In addition our pension provlder advFsed us that the potential cost assoctated wlth buylro out the Defined Benfjfft scheme had decreased nIfnty this dasIated reserve vras redwed 8cxX)rdvU. At 1 Aprfl Incoming Outgolng Resourcos Resources Transferpj 31 March 2025 Rostrlctod Funds Together for Sutton Together for Sutton Crisls Role Better Later Lives The Henry Smith Charty Mentsi Health18A Dementia Peer SuPt Ser¥ Ag8 UK l Ernanual Hospital Garfield Weston Foundation Age UK Reserve Fund Digital Champlons WalkN)g Tennis Warni Homes TNL Lds Connect The Mercers, Company 2 ATh)nym<xJs at funder request Help at Home- Shopph for dients Frallty Cty Brldge 14,307 115.097 46,725 (115.302) {48.965) 14.102 240 288 1.160 14.551 8,833 (29.468) (13.637) (193.124) {788) (24.301) 15.696 13.957 12,42 186.0(M) 370 370 42,249 9,753 18,460 151,120 40,000 (43.577) (10.496) (18,460) (161.071) (23.362) (3.177) 1.328 743 9.303 1,797 14.947 18.435 11.770 57.777 15.OOD 27,720 (57.777) (15.037) (25.723) 37 1.998 Total restrkted funds 71079 777.393 (782.265) 70,203 Total funds 478.603 1.926,750 (1.542,140) 863.212 Th8 slerS relatè to overspMI of reStrted fuThJs met by uJYestrkbJ funds. The WrSe of the restri(aed fimds is sel wt beluK. Together for Sutlon - grant to wovwje ¥rf(Kmation athlca a part of a consortlum contract Ihrough Comrnunty Action Sutt( 31
Social Presuibing Is a Lxntwt with NHS En*nd to FmvKle Sooa Pr8suibing ser4us to local Primary Care network The restrkled element of the ctract relates to specified Link Worker posts directly reimbur. 32
AGE UK suON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21 MOVEMENT IN FUNDS I contd... Aqe UK Bulldlng Better LS is a prorne to tacth lonelnes6. IndudwMJ asses8menC methodology. goal setttng. signposting, and outcome measurwvJ. The Henry Smith Charty- grant to KKovide core funding artsing in Comrtwnty &jprt Ment81 Health l & A- grdnt to provide inforrnation arKI athiice for people SUppted through mental heath fundrig Dernentia Peer Supm Servke - t to [lde peers supwt fry peop living wfjth dementla and their carers Age UK l Emmanud HosEXtal- grart to syovxle Information and Garfield Weston - for provisi¢x of cwe serviGes. Age UK Reserve Fund- to support a due diligen(* pro11 Pr{¥& Gemini TNL Lets Connect- want to wovtde older pe(yle to rnnect with their community improve comrnunty )nnectIonS Mercers Conpany- for development of C(xnffwnlty Connect(Ks service to betttt meet needs of local Community n Sutton. Hdp at Home- Slyping for diert8- repayment of Fnonies frorn clients for shopplng purchased for Ihern. Wwm Homes- lo cOntWx to deltver around warm programrne. r•1ovemgnt In restrlcled funds for tho Charfty year ended 31 March 2024 At 1 April 2023 Incoming Outgolng Resources Rosources Tr8& 31 March 2024 Rostslctad Funds Tother for Sutton Tofftr for Sutton cris Rde Bett Latw Live5 The Henry Smith Charty Mental Heallh I&A Demenlia Peer Support ServKe Age UK l Emanual Hos Garfdd Weston Foundation ASDA Foundatton Age UK Reserve Fund TNL Lets Connéct TNL- Cost of LivirvJ The Merc6r5' Company 2 Anonymous at funder requ86t Help al Home- stwrYJ for clients Frailty 109,353 25,958 5,571 60.0(M) 12.451 56,898 (95.046) (31.004> (5.285) (59.372) (1.320) {45.285) {21.087) (25.000) (1.600) (39.630) (139.188) (29.856) (25,T34) (3.719> 14,307 628 15,696 13,957 2.544 21.875 370 9,303 147,591 29,330 25.OCM) 10.000 526 2,031 1,797 14.947 68.987 35.950 (68.987) {36.729) 779 Total t8strtcted funds 105.581 588.489 (628.342) 6.351 72.079 Total funds 544.674 1.383.392 (1,449,463> 478.603
AGE UK sirrroN NOTES TO THE FINANCIAL $fATEMEr5 FOR THE YEAR ENDED 31 MARCH 2025 22 CONTROL Thare are rr• controlling partw. 23 RECONCILIATION OF CHARrrY NEf INCOME I (EXPENDrruRE) TO NET CASH FLOW FROM OPERATING ACTivmES 2025 2024 Net incomg for thg roportlng pèrfod Adjustrnents fw. Depreciation charges (Gainsylosse5 on investments Dividends and Intere81 froni irviestmerts arMJ b2 Decreasel{incr&gse) in debt5 (Decrease)fireaSP in creditors Movement in provlslons 384,809 (66,071) 5.775 (3,336) 16,809) 162,561 {212,750) 1106 5,667 (18,778) (5,455) 206,599 f18,249) (432) Net cash provided by operatlng activitios 332.156 44.145 24 HNANCIAL INSTRUMENTS The (xrrying amounts of the (*]wrWs )Jnan(ial are as folkpws: 2025 2024 Flnandal assets Debt instruments measured at amorbsed costs Equity instruments measured at fair value 262,182 333,476 320,290 Flnancial Llabllitlos FIn¢la[ Irabiltiies measureil at arnortsl cost 29,481 43.698