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 AudI￿S 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 fin￿cIal statéments for the ye¥ ended 31 March 2025, whlch have been prepared in accordance wilh "Accounting and RepNting by Charities: Statement of RecoMMer￿ed 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 JaThJ￿y 2015 - Chartlies SORP 2015 (FRS102} and the Cornpanies Ad 2006. Reference and Admlnlstration Detalls of ts Charlty. Ils Trust•es and AdvlscKs The T￿￿teas, 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 SI￿￿j 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 F￿elrna 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 (Bo￿d AdvBor) appoIn￿l JaTh￿ry 2025 Actlng Chièf Exacutlvo Hlwy Dodd. Januwy- 2024 ￿ from June 2025. Company s￿etary untl D￿ember 2024 Chlef Executlve". Peter Glass from Sept 2024. resigned 2(r25 Oavid Moss, Finance Dkector- app¥)in￿l D￿nb￿ 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. ￿ackh￿th. 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 final￿al 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 gOVwr￿d 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 da￿slon makbng ts delwJat8d to the Chld Exewtive. wf#) 15 a￿nIab[e to the Board of Trustees. and maintsins a regular reporting relationshlp ￿ th8 Chair. Specific responsibillties are delegated to the s￿l0r 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 exexulr￿s 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 r￿ve training and supwtfor their development and that of the tharity. Truslees ￿g￿e 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 d￿ls1On-maknng where ther professional thlls are relevanL Objodiv# for Public The Objects vthth the ch￿ {ts'Obie(tts") Is establIsh￿￿ arKI to V￿￿h11 Is restrtha are to promote the following purposes for the ber￿ of the public arKVor older peO￿e 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 vi8ion of advice (m social weffare issues. demon5trallng accessibilty to the public. effective management and our slaff havmg the ne￿ssary skills and ktmjwledge lo meét beneficiary ne￿8. In 2024-25 we were successful in laurthw￿ cwjr n8w c¢￿￿MIsS￿￿ed Defflenua Adv15er service whlch vras run aiongside ow existry Dementia peer supp￿1 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 Ir￿idenCeS of support. for exampl8 shopping. )rnpanionship. h)usekeeprJg supporL Trms ts 2.7% dcwn on 2W24. Volunteerfng - Duriry 2024-25 had 75 Yo￿nteerS supporting Age UK Sutton a(Yoss a range of volunteeriry roles. a(¥￿$ a wde variety of rokn. ir￿UdIng Servi￿ delivwy, suptM)rting dder peopla to bulld confidence arKI mak8 new s(>ial connections. help at av￿ts. 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-s￿￿8sfill 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 baner￿larieS living situation whith often requires a deeper piece of work viitl thè benef￿lary 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 In￿JaIl￿&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 Strttrt￿y warlners. who also have th8ir ovm d￿llenging financial positions, many kno￿ng 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 COr￿jUS1On 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 Se￿re funding for a Digttal Champk)n progrdmme arvj Walkng Tennis through Age Ub( whiGh wli I continue Into the 2025-26 financ￿1 year. Addilionally. w￿ were SLKcessful during 202￿25 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 cx1￿iSS1Oned fundlng fcf seNices. V*E 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 f￿S for 202>26 wll be on finandal sustsinabilty and on the longer4erm rosilience of the chariiy. In order to futur&proof income s￿r¢eS. we have d￿KIed to #west in a Comrnunlty Fundosing and Ma￿etIng Manager to increase and diversfy In￿Me sources. This wlll also involve looki￿ at our communications strategy to fL￿u5 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 p￿PIe,$ 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 benef￿larIo5 (current and fvlure) in ord6r to ensure we are ab￿ to effectively provide serrfi(x that are relevant and needed. Stratégically w8 WNI fo￿8 on 4 comeTStone servrces." Communty Support (Infomialkjn and Advtce), Demerrtla S￿vices, We]Ibeing and Pwention servi¢8s our Help at Home social ent￿prISe. Thls wll ena￿￿e 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(*￿Sir￿J 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 He*th. 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 f￿ts total £561,IyXI, and restric￿ funds amount tr> £70.203. Fundraising and InGome G•neratlon The Trustees, priorfty is to C4Xrtinue to S8 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 applic*le law and United ngdom A¢c(Mjntir￿ stand￿d5 (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 aP￿Y 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 Op￿at￿. The Board of Trustees Is responsble for keeiyng adequate accounting records Ihat disdose knrylh reasonable curacy at any time the fina￿1￿ 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 n given in trustees. reFMYt s IT￿nSIStent ￿ ary rnaterial resped *qth the finarKial staternert¥: or sufficiènt ￿cOunting reths habr not been kepl or ihg financlal statements *e nol in agreen*nt vAth th8 ac￿￿nI1￿ reryjrds: 5es of company law) are responsibla for the preparation of the financial statemen15 and ft)r bein9 satisfied that they give a true and far view. and for such lrtemal control as the Irustees determine is necessary to enable th8 preparation of ffinanclal 8tskments Ihat are free fiom materlal misststemerrt. whether du8 to fr￿d (* error. In Preparing the fir￿nCiat statemerts, the trustees are wpon8ibl8 for assessing the chwitable companls abilty to continue as a going (x)ncem. disdosing, as applicable. matters rdate(i to going corwn and using the going ￿nCern basis of unless trustees either intend to Iww¥Jale Ihe charitatle company or to (%ase operations, or have rto reai51ic allemative but to do so. Audltorfs responsibllitios for the audft of the finan¢lal statements We have been apwinted as auditor under section 144 of the Charitss Act 2011 and report n accordan￿ wlth Act and rejevanl ￿gUlatiorS made or havtry eff￿ thereurKkn. Our obiethves are io obtain reasonable assurance about wh8lher the flnanLial statements as a whole are free frorn m*ial misstatemen( VA)etI￿r due to fra￿ or eItt￿. and to issue an auditorfs report that indudes our opinlon. Reasonatl8 assurance is a high level of asSurar￿. Ixrt is rM)t a guarantee that an audit conducted in accordarxe with ISA5 (UK) will always detect a material misstatement when It exists. Mtsstaternenls can arise from fraud or err￿ and are (xxisidered mateltal rf, indlvKlually or in WJgr￿Jate. they could reasonably be expected to infi￿nCe the economic decisions of users laken on the basis of these financial sLqlements. A further destxiplion of f¢￿r restx)nslbilities for the audit of thè flnaKial statements is l¢xated on the Flnanclal ReportirKJ Councl's website at wwi.frc.or .uklauditor5r nsibilities. Tlws descriptlon forn￿ part of our auditorfs rep(YL 11 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 procest signifwnt are the Companw Act 2006, the Charili8s Act 2011. the Charity SORP. and UK fir￿n(jaI reporting standards as issued by the Financial ReFQrtlng Council. We considered how the chwitsble Compary CoMp￿eS with these requwements by dlscussb)ns ￿th management and those charged with goVwrW￿. We 8nquired of management and thr)s8 charged wth gov9marKe as to any kn(Mi instsnces of non- compliance or suspthd non-compliartt wlth law5 and reguialions. Consideration w8s also mada of the intemal controls in plac* to mltlggte the Identif￿ risks. • We assessed the control errrfir(mmen( docifftyentlng the systern5, corrtrols and proces￿ adopteAI. The audit approach in(yJrporatgJ a combinatw)n of controls ￿ appropriate. analyts'c81 rèvlaw and substanthie procedures irwolving tssts of transactiorts and balances. Any irregulariues noted wero dlscus5ed managemenl and additional comborative evidence wes obtsined as requlrad. To address the rlsk of fraud ttwough management override we: perfomed analytkal prccedures to idenlfy any unusual or unexpethd relatk)nships; test8d p)Lrnal entr￿S to identrfy any unusual trans&tions". • assessed whether Judg￿nents arKJ assumptions made in detwminiry the accounting estlmate8 were if￿[Call¥e of potential blas: and reVIe￿d the disclosures Within the financlal statements to ensure Ihey meet the reqimrements of the accounting stsndards and relevant legis18ti0n. 12 AGE UK siTrroN INDEPENDENT AUDrroR'S REPORT TO THE TRUSTEES OF AGE UK su￿ON 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(Xxw￿n ¢J)nfirrning ffK(xne correcty a(x))unted fof.. rthyewed donations and gifts recelved ar￿nd the year erxl. ensuritvj correctly applied: and agreed deferr￿ income to suprMxÉing d￿￿nent￿l0n. To address th8 risk of dassifKxtion of Income betw￿ restricted and Ur￿estrICted YR.. agreed a sample of income reu)rded kn th6 wninal ledger to IkM7Jmentatton to ensure any restrictions were Correcliy identifiéd". agreed a SaM￿e 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 prOC￿jure$ required to identfy n0rkccmnpl1an￿ with laws arKI regulallons to enqury of the (keth5 and Ot￿r maw8ment and the InspeC￿n 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 Signif￿nt audit finding4 iThauding 8ry Si￿l￿t 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 (s￿1h) LLP, Statut(ry 24 Cty Gates Southgate Ch￿hester West Sussex P019 8DJ Mcx)re (s￿th) 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 aCtivi￿S 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 exp￿ed derive from (x)ntinuing activitses. The rntes on pages 17 to 34 fonn part of th839 fir￿n¢la statements. 14 AGE UK su￿ON 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 far￿g 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 Unrestric*ed 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 a￿SlI under seGbon 477 of Ihe Companles Act 2006 rela￿r￿ to small companles but as INS company15 a rto7ty. It Is subj￿1 to audlt under th8 Chgrilies Act 2011. fina￿￿* ststements v￿8 8pwoved and avttmxlwj for (s￿ by the Bo8rd ...... ..... Zoo L•lliott Chalr The notes on pages 17 to 34 forn part of thè58 fina￿181 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 1rNestr￿nts 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 repc*ting 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(Nw￿j ts Clynpany to obtsin an au(fit of Its WXOLrt5 for year In quèstlon in acoJrdarKe th secliw 476. ditBCtors acknTh4ledg8 their reSr*A￿￿t1es for cornp￿ng wlth the Wlwrwnents of the Act with respeci to aceounllng rwds a￿j ts weparakn of acco￿ts. These financtal statsments have b88n wq)ared kn accorrIa￿ with ts spe￿1 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¢orp￿S￿￿ In England & Wa* Thè rwtered address i% Sutton Gat8, 1 Carshalton Road. Sutton SM14LE. The nalure of the charws O￿allOnS and princlpa activttles are to prrxmote the wellbeing of older people. The (*arity constitutes a rAJbk benefft ￿tity as def￿*d 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 fir￿￿4a1 statements have been prepared on the going (XY￿r￿ basis, under the hisiorKal cost ConVenti￿L 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 C￿ern basls a5 the trustees befwe that no material uncertainlies 8￿8t. The twstees have consyjered level of furKls held arid expected IrK￿Me 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(x￿ISed Or￿ the charity has been notified of the dOna￿on. G￿ts and contrads I￿lUd￿Nj tfv)se f￿ wchase of fiwl assets are recogntsad In In the year in wl¥ch Ihey are receivai4e. Legacies ar8 acCO￿ted ts al the earlier of. Ihp date on the charity is aware ttAt wobate has been ￿anted. the estate has been findised and n￿lfi￿ 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 Ch￿rtY 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 tre*d 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 inc￿0 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 r￿ogn￿d in the year In whith tt Is due. The value of seNices provided ty vdunta￿S is rnt irK(ryr* In the finartial statem8nts. Delalls of the ¢ontributlon ofvoluntews can be found in the Irustees. annual re￿yL 17 AGE UK StrrroN NOTES TO THE FINANCIAL STATEMEFrrs FOR THE YEAR ENDED 31 MARCH 2025 ACCOLAITING POUCIES I i￿rtd... d. Resources Ex eThdgd Expenditure 15 re¢￿g￿l￿1 on an accrual basis as a liablty Is Incurred and indudes Trecoverdble VAT. Costs of raising funds C￿mprise the costs associated ￿¥th attracting vrAuntary tr￿Me 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#Yt￿ned 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 conditil￿8 are fully met or the futrfilment of thèse conditions is within the control of the c*￿rIty 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 COntr￿ul10n penS￿D 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 ttr￿e of the grwp In an IrKlependenty adrninister41 fund. ContrI￿tionS to The Pen5iw6 Trusfs Growth Flan. a mu1tpemr￿oYer scheme are tharged lo the Statement of Financial Activities in the year which they become payable and are a0￿nted 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 proc*Js 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 Finan￿al 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 ar￿Unt 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 ha￿1 indudes CAsh and slKYt term hlgNy liwid Investrnents with a sTr￿t 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. Credit￿5 are reCO￿Lsed 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 I￿tiallY recognised al transaction value and subsequently measured at thelr settiem8nt Va￿8. p. UnrÉstrkled Funds Unreglricted funds are d￿allonS and other Incoming resources receivaL￿a 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 deS1￿￿ted funds are set (xjt ￿ the Njtes to the ac(x>unts. Restrtcted funds funds are lo be used in ac(x)rdance speCi￿C restric4ions impt)sed by donors. Expendilure (hat meets th8se citeria Is charged to the funds ttrJether wilh a fair all￿atiOn 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$s￿￿￿ed assumptions are based on historical experien￿ and otherfactt)rs that ¥8 ￿}nsIdered to be relevant. Acbjal results may diif8r from these estimates. estFmates and untslylng assumpik)ns we reviewed on an onwmw b&sÈg. Revisiwts to accounlirKJ estimales are reGognis8d In the period ￿1¢h the estimate is revised where Ihe revision affects only that period. or in lh8 period of the rwIslon and future Wi(x15wTr￿e th8 rev(sb)n affects l)cth curr8nt and future periods. The INstees bglieve there rKb such signiltant items. 19 AGE UK SUThON NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025 2 DONATIONS AND LEGACIES Unrestricted ReStrIct￿ Total Funds Funds 2025 Total 2024 Donations L￿claS 12,629 449.956 211 12.840 449.956 8.014 462.585 211 462,796 8.014 In 2024 donations of £1.509 wwe res1J1¢￿. INCOME FROM CHARrrABLE ACTivmES Unrestrlcted Restrlcted Total Funds Funds 2025 Total 2024 User Fees and Othor Income Hdp At Home incorne Cortsultancy fees U8er fees and charges Cllent shopping r￿arge incoff 424.142 250 424.142 386,165 8,$)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 Tn￿t- 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 Gafr￿d Wgston FourKlation- Core Servfvxs The Mercers, Compary National Lott￿Y- Let's Connect National Lottery- Cost of Support Let'8 Connect SDA Green Token Award Donor requested an0￿￿ty 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. InckKI￿1 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 w￿e 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 H￿Count Head￿Unt Headcount 126.189 128,189 All support Costs are deemed lo relate to ch*ilable expendlture. 9 OTHER COSTS Unrèstrlthd Restricled Funds Funds 2025 2024 Au¢Mfe8 Aceountancy Vero (x)sts arKI dislyjrsemetts Truslees expenses l AGM Trustse reC￿ltment 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 Ch*9￿. Audit Auditors - r￿n-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 Su￿oN 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 ir1￿ming 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 ch￿Y in the perlod for defined benefft pension d￿￿t 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 1nfrK￿ti0n 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 wh￿h 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 em￿0YerS. obligatknn5 if th058 em[A0y￿S are unabte to rneet their share of the scheme d8ficlt foll￿1r￿ 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 dor￿lt of £16.1 m. To eliminate this funding shortfall. th6 Twstee has asked the participattng èmployers to pay addtlKThI (a)ntrIL￿tIorts 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 Montr￿Y) 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$￿Unt factor Unterest expense) D￿ett contribulion paid 157 (1,941) (1330) Remeasurements- impact of any change in aswmplons Remeasurements - amer￿Ments to the contrlbution s(*edule 25 3,972 Provislon at end of period 4,010 1,904 INCOME AND EXPENDITURE IMPACT P￿10d Ending 31 March 2025 (£s) Peric*Y Ending 31 Match 2024 {£s) Interest expense 157 RerneasureM￿ts- Impact of any change in assumptions Remeasurernents- ameThJments to the conlrknition sch8dule 25 3.972 Costs recognis&l in income and expendibjre accwnt ASSUMPTION5 31 M￿h 2025 % per annum 31 March 2024 % per anwm 5.31 31 March 2023 per annum Rate ￿ dI￿unt 5.52 The drscount rates shown al￿e ar8 the equfvalent sirvJle discount rates which, Mthen used to discount the future recov8ry plan (y)ntributions due. would gve the same results As uslng a full M corporate bor%1 weld curve to dlscount the same r￿)Very plan contributicyts. The following schedule details thè deficlt Contr1t￿rtIOrts agreed be(W￿ the ￿MpanY arKI thg scheme & each ygar end period". AGE UK SiTrroN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19 PENSION SCHEME AND OTHER POST- RETIREMENT BENEF￿s I contd... DEFicrr CONTRIBUTIONS SCHEDULE 31 March 2024 (£s) 31 March 2023 (£s) Year endirg 31 Mwch 2025 {£s) Year 1 1.431 1,431 1.431 1,941 2,330 1,941 Year 2 Year 3 Year 4 Year 5 Year 6 Ywar 7 Yéar 8 Year g Year 10 Year11 Year 12 Year13 Year 14 Year15 Year 16 Year 17 Year 18 Year19 Year 20 The company must recognlse a fiabli ity measured as the FKesentvalue of the o)ntrlbulions paydble that arise from deficit re￿Very agregm8nt and the resultiru expense in the Income and expendibjre account l.e. the urhviThJing of the dlscount rate as a finarKe ￿$t in the wh)d in Twhich it arlses. It is tr￿se 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 li￿lIty 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 cu￿ent 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 Gen￿al 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 ￿nIf￿nty this dasI￿ated 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 SuP￿t 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 (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 $fATEME￿r5 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 debt￿5 (Decrease)fir￿eaSP 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 FI￿n¢la[ Irabiltiies measureil at arnorts￿l cost 29,481 43.698