REGISTERED COMPANY NUMBER: 04199449 (England and Wales) REGISTERED CHARITY NUMBER: 1086995
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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FOR
AGE UK SUNDERLAND
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Read, Milburn & Co. Chartered Accountants and Statutory Auditors
71 Howard Street North Shileds Tyne and Wear NE30 1AF
AGE UK SUNDERLAND
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 9 |
| Report of the Independent Auditors | 10 to 12 |
| Statement of Financial Activities | 13 |
| Balance Sheet | 14 |
| Cash Flow Statement | 15 |
| Notes to the Financial Statements | 16 to 32 |
AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Age UK Sunderland (AUKS) is an independent, vibrant local charity with the objective of supporting older people in and around the City of Sunderland. The charity's mission statement is to promote the well-being of all older people throughout the City of Sunderland, improve their quality of life and help them maintain independence.
The activities of the charity include campaigning on issues that affect older people and providing a wide range of services to benefit older people in the City and surrounding areas. These services are provided across various locations within the community including the Bradbury Centre in the heart of the City.
AUKS is a brand partner of Age UK, a network of charities working together to deliver positive change with and for older people with a mission to help people enjoy later life.
AUKS is governed by a Board of Trustees made up of local people. The Trustees are cognisant of Charity Commission guidance on public benefit and are satisfied that the charity complies fully with this requirement. In addition, the Trustees ensure any new activities the charity intends to undertake are reviewed to ensure they meet public benefit requirements.
The report summarises financial and operational activity.
ACHIEVEMENTS AND PERFORMANCE
We have a team of dedicated staff and volunteers who have provided valuable support across 20 services during 2024/25, 24,410 clients were supported across all services resulting in over 37,815 contacts with older people.
Our team of 133 volunteers are a pivotal resource in ensuring the support across the city and provided approximately 19,200 hours of capacity to the organisation during 2024/25 as a collective.
The key charitable activities and their achievements within the financial year ended 31 March 2025 are as follows:
The Essence Service
As the only charity in the country to have attained the University of Stirling Gold Award for its dementia friendly environment, our Essence Service has continued to develop and make a positive impact for people with a mild to moderate diagnosis of dementia and their carers.
Funded by NHS North East & North Cumbria Integrated Care Board (ICB), this service highlights the benefits of "Keeping the Essence" of those with a dementia diagnosis for longer, linking individuals with a dementia diagnosis and their carers into mainstream activities and support.
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE - continued
Community Integrated Teams (CIT) Social Prescribing Service
Funded by NHS North East & North Cumbria Integrated Care Board (ICB), the CIT Social Prescribing Service works to support the most vulnerable 3%, identified by their local GPs who:
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are 65 years old or over;
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have two or more complex long-term health conditions;
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face social challenges as a result of their health such as not knowing their benefit entitlements or struggling to get out of their homes.
The service is part of Sunderland’s CITs, which enables older people to access better, more integrated care outside of hospital, thus helping to reduce unnecessary hospital admissions.
Wellbeing Service
Funded by NHS North East & North Cumbria Integrated Care Board (ICB), AUKS's Wellbeing Service is a service for people aged 50+ who have a mild to moderate functional mental health condition, such as anxiety, depression or stress.
The aim of the project is to tackle social isolation and looks to reduce symptoms of mental ill health. The service also acts as a form of signposting and support looking to promote independence to get people integrated back into their local community.
Hospital Discharge Service (HDS)
Based in the Discharge Lounge at Sunderland Royal Hospital and funded by Funded by NHS North East & North Cumbria Integrated Care Board (ICB), AUKS's Hospital Discharge Team (HDT) continues to successfully operate as a service for all older people aged 60+. The HDT liaises with the Discharge Lounge and Hospital Wards who refer patients into the service. The HDS has one main focus, which is to prevent readmissions into hospital after an initial visit.
The team offers a flexible range of advice and support within the home. Working with patients for up to three weeks after discharge. The service includes assisting to prepare meals, helping with light domestic work, shopping support, signposting and making referrals. Some clients require ongoing support after the initial three-week intervention who are then referred to other services to support the individual on a longer-term basis.
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE - continued
Front Door Service Social Prescribing Service & Infrastructure
Funded by Sunderland City Council (SCC), AUKS's Front Door social prescribing programme provides lowlevel tailored support to enable older people to stay independent for longer in their local community.
The FDS offers a single point of contact and extends access to information, early interventions and flexible low-level community-based support to adults who do not require intensive or specialised care or support interventions from statutory services. The Front Door service incorporates a number of support interventions such as:
Front Door (FD) Living Well Link (LWL) Social Prescribing Team
The Front Door Living Social Prescribers provide dedicated social prescribing support to ensure a holistic approach to health and wellbeing to ensure older people get the right support at the right time focussing on non-clinical solutions.
FD Community Support Clubs (CSCs)
Our Community Support Clubs (CSCs) are very diverse to meet the different needs of older people in Sunderland. During 24/25 over 40 CSCs were in operation citywide offering opportunities to socialise, participate in a wide range of activities and the opportunity to have a low cost nutritious meal in some of the CSCs.
FDS Keeping in Touch (KIT) Service
One of the most effective ways of helping to alleviate the feeling of loneliness and social isolation is our KIT support. It is a simple, straightforward way for friends to have a catch up and a chat but additionally it can prevent people from potentially reaching a crisis point. Our team of friendly, dedicated volunteers are in weekly contact with many older people across the City to provide social interaction either with a home visit, regular telephone call and the development of digital platforms.
FD Advocacy Service
AUKS's Advocacy Service is accessible to everyone aged over 50 and is the only one of its kind in the City. The service is free of charge and helps older people who are experiencing difficulty with resolving issues. The Advocacy Service aims to resolve problems ensuring that the client's voice is heard, avoiding negative impact on an older person's health and wellbeing.
FD Dial a Driver Service
Dial a driver uses volunteer drivers to support the transport needs of older people. Our volunteers use their own car to provide older people with a cheaper form of transport to attend health appointments and engagements. All volunteer costs are reimbursed.
FD Information & Advice
Providing information & advice regarding benefits and income maximisation for older people aged 50 and over.
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE - continued
Information & Advice Service (I&AS)
AUKS's I&AS provides a free and confidential service, which offers support to older people across the City. We provide help with checking client benefit entitlements, offering advice on how to claim and assistance to complete benefit forms.
The I&AS ensures those claiming welfare benefits are receiving the full allowance they are entitled to. The service also signposts clients and provides information to mainstream services. We provide a combination of telephone advice and home visits to clients.
Services that incorporate an I&AS include the Essence Service and The Front Door Social Prescribing Service.
LIFEStyle Service
AUKS's Lifestyle Service continues to provide vital support to people across Sunderland. The service is open to people aged 50+ seeking support in different areas of their lives to support independence. The Lifestyle service is mainly providing light housework, shopping for clients & companionship and is a self-funded service.
Redwood Day Service
Situated in a modern, airy environment at the Bradbury Centre, our Redwood Day Service continues to provide a high standard of activities and events throughout the year for older people with an assessed need. This service is a self-funded service.
Metcalfe Dementia Day Service
The Metcalfe dementia day service for people with moderate dementia. The centre has a beautiful colourful dementia friendly design and provides tailored support from trained and dedicated staff via activities to help stimulate those living with a moderate diagnosis of dementia, providing much needed respite support for carers. This service achieved the University of Stirling Silver Award for its dementia friendly environment during 2024/25.
Menopause Project
Funded by NHS North East & North Cumbria Integrated Care Board (ICB), AUKS is trailblazing in highlighting issues around menopause by implementing a groundbreaking project to provide opportunities for women to access support in relation to the impact of menopause in their private and working lives.
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
The organisation forecasted a £212,757 deficit in the year 2024/25 with planned use of both restricted and unrestricted reserves. Whilst this is not an ideal position for the charity, the Trustees consider that the charity has had a very good financial performance in the year ended 31 March 2025 resulting in an actual surplus of £73,908 (£286,665 positive variance) via a range of initiatives.
The balance sheet has a net assets position of £3,315,240 (2024: £3,241,332) of which £1,576,053 (2024: £1,723,983) was subject to restriction and the total income of the organisation in the financial year was £2,181,367 (2024: £2,029,677) of which £1,437,859 (2024: £1,507,365) was subject to restriction.
The Trustees would like to take this opportunity to thank AUKS senior management team, employees, volunteers, partners and other donors to the charity for their continued support.
In order to meet governance requirements, the charity develops and implements various policies including:
Reserves Policy
The Reserves Policy is reviewed bi-annually and formally agreed by the Board of Trustees who take responsibility for ensuring key risks to the organisation are recognised. This policy is designed to ensure that if the charity had to cease activities it would be able to do so in a planned and controlled way to minimise the impact on staff and clients.
The current Reserves Policy is that the charity retains unrestricted reserves equivalent in value of six months average expenditure plus estimated redundancy costs for staff.
Within these reserves AUKS also has designated funds to support new projects and maintain and develop charity premises.
Investment Policy
The charity will consider whether it is appropriate to invest cash balances that are not required for operational activities in the short-term. The current financial climate means rates of return on cash investments are low and the charity cash balances were not able to earn a reasonable level of income. For this reason, the Trustees agreed the charity would invest in both fixed interest cash investments and longer-term investments with the charity's investment broker, Rowan Dartington.
The investment portfolio is based on a medium risk mandate and the Board Trustees and senior management team have processes in place to monitor the investments capital value and interest earned regularly. During the financial year ended 31 March 2025 the Trustees consider the investments to have had a good performance with dividend and interest received (and reinvested) of £14,255, a small decrease on £16,249 generated in the previous financial year. The capital value of the investments held at the end of the year was £622,474, including cash.
Remuneration Policy
This policy is developed by the Staffing sub-committee, reviewed annually and recommendations made to the Board of Trustees. The policy is designed to ensure the charity offers a fair rate of pay to all employees and retains appropriately skilled and qualified staff to effectively lead, manage, deliver or support the charity's key objectives. It also ensures members of staff are treated fairly across the organisation and pay reviews are undertaken as the Board of Trustees are legally and constitutionally responsible for setting appropriate rates of remuneration for all employees.
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
FUTURE PLANS
AUKS's organisational strategy 2022-25 continue to guide and support our future ambitions. A new 3 year Strategy will be developed during 2025.
The activities of the charity rely heavily on working in partnership and maintaining effective and productive relationships with a number of statutory, private and third sector organisations both within the City of Sunderland and further afield. The CEO and senior management team invest resources extensively in identifying the needs of older people within the region and work hard with funders to develop activities to fulfil these needs. The success of this approach means the charity is not over dependent on one source of funding and is able to diversify income streams thereby improving financial stability of the organisation.
The charity does also receive donations and legacies throughout the year and is very grateful to all donors for their generosity. Donations and legacies received in the financial year ended 31 March 2025 equated to £40,506 of total income (2024: £21,727) and these monies support development of future activities to meet the needs of older people.
Future Developments
In terms of future developments, the charity will continue to promote existing activities and develop new ones by working with and listening to older people in Sunderland as well as key partners to identify where resources can be deployed most effectively.
The funds held by the charity at the end of the financial year are classified into Restricted, Unrestricted and Designated funds to identify what activities the funds can be used to support. Unrestricted funds can be utilised for general purposes of the charity but restricted funds can only be used as specified by the donors.
Designated funds are monies held to fund specific purposes as identified by AUKS and will be used for specific activities such as property maintenance.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity's Chief Executive Officer is appointed by the Board of Trustees and employed by the charity.
During 2024/25, AUKS's day to day operations are led by a Chief Executive Officer and senior management team of 3 members. In the financial year 2024/25, the total salary cost within the SMT band was £199,620 (2023/24: £155,307).
The charity is governed by its Memorandum and Articles of Association and is a company limited by guarantee as defined by the Companies Act 2006.
During 2024/25, Trustees were elected at the Annual General Meeting (AGM) by the members. Due to a change in AUKS's Articles of Association in September 2024 (whereby members are now solely AUKS Board members and the AGM function is now relinquished), any future vacancies that arise can be filled by co-opted trustees with ratification at the next Board meeting. Note the City of Sunderland and statutory Health Organisations in the City of Sunderland are invited to appoint up to two persons as representatives to the Board of Trustees.
When appointed new Trustees are given an induction and all Trustees receive appropriate training and information during their tenure (including Trustee Away Days).
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT - continued
The Board of Trustees meet a minimum of six times a year to oversee the activities of the charity and also have delegated specific oversight roles to Finance, Staffing and Development sub-committees who report back to the main Board.
AUKS has wholly owned subsidiaries (Age UK Sunderland Services Limited and HealthWatch Sunderland Limited) both were not trading during the financial year 2024/25 and so are classed as dormant. The charity has no current plans for these companies to undertake activities in the future.
The Trustees are aware that there are risks the charity faces most notably to challenges with retaining funding for services in a difficult financial climate. The charity compiles an organisational Risk Register to capture the key risks facing the organisation and this is reviewed regularly by the Board of Trustees to ensure risks are appropriately mitigated or managed as appropriate.
Certificate of Passing New Articles (September 2024)
In line with the advice and assistance of Muckles PLC, the Board of Trustees conducted a review of AUKS's Memorandum and Articles of Association. Changes were made to increase the term of trustees from 8 years to 12 years if necessary to ensure continuity of key member roles, and the membership was changed solely to trustee members. AGMs are no longer necessary and an extraordinary meeting can be called whenever required by trustees. The certificate of passing was signed in September 2024.
Fundraising Standards
AUKS's fundraising policy sets out the code of fundraising behaviour for the organisation, including how fundraising activities are undertaken and roles and responsibility of Trustees, Staff and Volunteers.
The organisation has not engaged with professional fundraisers within the 2024/25 Financial Year and would only work with professional fundraising organisations that meet our high standards.
The Chief Executive Officer and Senior Management Team monitor and implement this policy in addition to maintaining financial records showing adherence with the fundraising code of practice and the organisation is registered with the Fundraising Regulator. The organisation has not received any complaints in relation to Fundraising activities.
AUKS follows The Institute of Fundraising's "Treating Donors Fairly" guidance at all times.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04199449
Registered Charity number
1086995
Registered office
Bradbury Centre, Grange House, Stockton Road, Sunderland, SR2 7AQ
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE DETAILS - continued
Current Trustees
G Miller Chair R P McLachlan Vice Chair M Jackson C McCartney A McDermott K Robinson N Thomson
Retiring Trustees
F Miller A L Lawson-McLean
NHS Representative
S Atkinson
Retired 14 May 2024 Retired 12 July 2024 Appointed 7 November 2024
Senior Management Team T T Collins Chief Executive Officer L Abdulla Operations Manager S Burdus Research & Funding Manager K Stone Finance Manager
Company Secretary
T T Collins
Auditors
Read, Milburn & Co., 71 Howard Street, North Shields, NE30 1AF
Bankers
Barclays Bank plc, 53 Fawcett Street, Sunderland, SR1 1RS
Solicitors
McKenzie Bell, 47 John Street, Sunderland, SR1 1QU
Investment Brokers
Rowan Dartington, Temple Point, Radcliffe Way, Bristol, BS1 6NL
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Age UK Sunderland for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditing function will go out for tender for due diligence and process for the accounting year 2025/26.
Approved by order of the board of trustees on 25 September 2025 and signed on its behalf by:
G Miller - Trustee
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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK SUNDERLAND
Opinion
We have audited the financial statements of Age UK Sunderland (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK SUNDERLAND
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK SUNDERLAND
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Irregularities, including fraud, are instances of non compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. In this regard, our procedures include the following:
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enquiry of management around actual and potential litigation and claims;
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reviewing minutes of meetings of those charged with governance;
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reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
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auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business;
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challenging assumptions and judgements made by management in their significant accounting estimates.
Because of the field in which the charity operates, we have identified the following areas as those most likely to have a material impact on the financial statements: Health and Safety; Employment Law; and compliance with the Companies and Charities Acts.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
hKysoc_
Nicholas J Liley FCA (Senior Statutory Auditor) for and on behalf of Read, Milburn & Co. Chartered Accountants and Statutory Auditors 71 Howard Street North Shileds Tyne and Wear NE30 1AF
15 October 2025
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AGE UK SUNDERLAND
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 4 Core, Advice & Day Services Independent Living ActivAge Investment income 3 Total EXPENDITURE ON Charitable activities 5 Core, Advice & Day Services Independent Living ActivAge Total Net gains on investments NET INCOME Transfers between funds 20 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 25,102 442,681 221,266 - 54,459 743,508 511,060 207,650 - 718,710 4,118 28,916 192,922 221,838 1,517,349 1,739,187 |
Restricted funds £ 15,404 87,183 1,334,032 1,240 - 1,437,859 158,164 1,232,780 1,923 1,392,867 - 44,992 (192,922) (147,930) 1,723,983 1,576,053 |
2025 Total funds £ 40,506 529,864 1,555,298 1,240 54,459 2,181,367 669,224 1,440,430 1,923 2,111,577 4,118 73,908 - 73,908 3,241,332 3,315,240 |
2024 Total funds £ 21,727 475,198 1,485,213 8,883 38,656 |
|---|---|---|---|---|
| 2,029,677 | ||||
| 492,538 1,241,669 5,928 |
||||
| 1,740,135 | ||||
| 35,081 | ||||
| 324,623 - |
||||
| 324,623 2,916,709 |
||||
| 3,241,332 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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AGE UK SUNDERLAND (REGISTERED NUMBER: 04199449)
BALANCE SHEET 31 MARCH 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Intangible assets | 11 | 169 | 221 |
| Tangible assets | 12 | 817,872 | 695,082 |
| Investments | 13 | 2 | 2 |
| 818,043 | 695,305 | ||
| CURRENT ASSETS | |||
| Stocks | 14 | 225 | 225 |
| Debtors | 15 | 82,503 | 204,475 |
| Investments | 16 | 606,409 | 594,978 |
| Cash at bank and in hand | 2,094,613 | 2,033,777 | |
| 2,783,750 | 2,833,455 | ||
| CREDITORS | |||
| Amounts falling due within one year | 17 | (286,553) | (287,428) |
| NET CURRENT ASSETS | 2,497,197 | 2,546,027 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 3,315,240 | 3,241,332 | |
| NET ASSETS | 3,315,240 | 3,241,332 | |
| FUNDS | 20 | ||
| Unrestricted funds | 1,739,187 | 1,517,349 | |
| Restricted funds | 1,576,053 | 1,723,983 | |
| TOTAL FUNDS | 3,315,240 | 3,241,332 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25 September 2025 and were signed on its behalf by:
G Miller - Trustee
The notes form part of these financial statements
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AGE UK SUNDERLAND
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
| Notes Cash flows from operating activities Cash generated from operations 22 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Sale of current asset investments Purchase of current asset investments Interest received Dividends received Net cash (used in)/provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2025 £ 207,443 207,443 (194,303) 550 124,382 (131,695) 40,741 13,718 (146,607) 60,836 2,033,777 2,094,613 |
2024 £ 123,860 123,860 (617) - 135,258 (141,046) 23,015 15,641 32,251 156,111 1,877,666 2,033,777 |
|---|---|---|
The notes form part of these financial statements
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
The presentation currency of the financial statements is the Pound Sterling (£).
Going concern
The trustees are of the view that there are no material uncertainties regarding the charitable company's ability to continue and as such the charitable company is a going concern.
Income
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received. Such income is only deferred when:
-
the donor specifies that the grant or donation must only be used in future accounting period periods; or
-
the donor has imposed conditions which must be met before the charity has unconditional entitlement.
Other trading activities
Income from contracts and supply of services is recognised with the delivery of the contracted service. This is classified under unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation is provided on a straight line basis over 10 years in order to write down the asset over its term of ownership.
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Long leasehold - in accordance with the property Fixtures and fittings - 10% on cost Motor vehicles - 20% on cost Computer equipment - 25% on cost
Fixed assets are initially recorded at cost and subsequently measured at cost less accumulated depreciation and impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with recoverable amounts being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Debtors
Trade and other debtors (including prepayments) are recognised at the settlement amount due or amount prepaid) net of any trade discounts.
continued...
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Debtors
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments.
Creditors
Trade and other creditors (including accruals) are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount nett of any trade discounts.
Financial instruments
All financial assets and financial liabilities of the charity qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2. DONATIONS AND LEGACIES
| Donations Legacies 3. INVESTMENT INCOME Interest receivable Dividend received |
2025 £ 40,506 - 40,506 2025 £ 40,741 13,718 54,459 |
2024 £ 22,356 (629) 21,727 2024 £ 23,015 15,641 38,656 |
|---|---|---|
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
4. INCOME FROM CHARITABLE ACTIVITIES
| INCOME FROM CHARITABLE ACTIVITIES | ||
|---|---|---|
| Activity Contract income Core, Advice & Day Services Grants Core, Advice & Day Services Trading income Core, Advice & Day Services Sundry income Core, Advice & Day Services Contract income Independent Living Grants Independent Living Trading income Independent Living Sundry income Independent Living Grants ActivAge Trading income ActivAge Grants received, included in the above, are as follows: Sunderland City Council The Big Lottery Fund Age UK Good Things Foundation Kellet Fund Wise Group Armed Forces Covenant Fund Trust Awards for All Sport England One Stop Access Foundation Wear Together |
2025 £ 78,440 30,971 420,474 (21) 731,228 614,014 210,061 (5) 1,240 - 2,086,402 2025 £ 617,783 (21,012) 7,500 - - 9,816 - 10,624 1,240 844 14,430 5,000 646,225 |
2024 £ 87,323 109,552 277,005 1,318 737,591 573,931 173,691 - 8,681 202 1,969,294 2024 £ 572,098 99,552 10,000 112 8,069 1,833 500 - - - - - 692,164 |
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 5. CHARITABLE ACTIVITIES COSTS Core, Advice & Day Services Independent Living ActivAge 6. SUPPORT COSTS Management £ Core, Advice & Day Services 56,721 Independent Living 135,603 192,324 |
Direct Costs £ 555,381 1,261,337 1,923 1,818,641 Finance £ 15,474 43,490 58,964 |
Support costs (see note 6) £ 113,843 179,093 - 292,936 Governance costs £ 41,648 - 41,648 |
Totals £ 669,224 1,440,430 1,923 2,111,577 Totals £ 113,843 179,093 292,936 |
|---|---|---|---|
7. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Auditors' remuneration | 6,060 | 5,880 |
| Depreciation - owned assets | 70,997 | 69,055 |
| Hire of plant and machinery | 8,127 | 6,690 |
| Surplus on disposal of fixed assets | (34) | - |
| Patents and licences amortisation | 52 | 52 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
9. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| Wages and salaries Social security costs Other pension costs |
2025 £ 1,419,623 89,974 19,387 1,528,984 |
2024 £ 1,172,442 68,180 17,590 |
| 1,258,212 |
During the year, key management personnel, comprising the trustees and senior management team as defined in Reference and Administrative Details, received remuneration of £199,260 (2024 - £155,307).
The average monthly number of employees during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| All staff | 85 | 76 |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
| 2025 | 2024 | ||
|---|---|---|---|
| £60,001 | - £70,000 | 1 | 1 |
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
| 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 13,777 7,950 Charitable activities Core, Advice & Day Services 287,665 187,533 Independent Living 182,012 1,303,201 ActivAge 202 8,681 Investment income 38,656 - Total 522,312 1,507,365 EXPENDITURE ON Charitable activities Core, Advice & Day Services 373,786 118,752 Independent Living 175,668 1,066,001 ActivAge 308 5,620 Total 549,762 1,190,373 Net gains on investments 35,081 - NET INCOME 7,631 316,992 Transfers between funds 36,803 (36,803) Net movement in funds 44,434 280,189 RECONCILIATION OF FUNDS Total funds brought forward 1,472,915 1,443,794 TOTAL FUNDS CARRIED FORWARD 1,517,349 1,723,983 |
Total funds £ 21,727 475,198 1,485,213 8,883 38,656 |
|---|---|
| 2,029,677 | |
| 492,538 1,241,669 5,928 |
|
| 1,740,135 | |
| 35,081 | |
| 324,623 - |
|
| 324,623 2,916,709 |
|
| 3,241,332 |
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
11. INTANGIBLE FIXED ASSETS
| COST At 1 April 2024 and 31 March 2025 AMORTISATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 12. TANGIBLE FIXED ASSETS COST At 1 April 2024 Additions Disposals At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year Eliminated on disposal At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Freehold property £ 791,101 - - 791,101 366,035 15,822 - 381,857 409,244 425,066 |
Long leasehold £ 279,727 - - 279,727 71,414 5,125 - 76,539 203,188 208,313 |
Patents and licences £ 520 299 52 351 169 221 Fixtures and fittings £ 171,254 15,610 (8,580) 178,284 136,127 8,613 (8,064) 136,676 41,608 35,127 |
|---|---|---|---|
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
12. TANGIBLE FIXED ASSETS - continued
| COST At 1 April 2024 Additions Disposals At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year Eliminated on disposal At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 13. FIXED ASSET INVESTMENTS MARKET VALUE At 1 April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Motor vehicles £ 258,739 162,299 (31,995) 389,043 241,920 34,366 (31,995) 244,291 144,752 16,819 |
Computer equipment Totals £ £ 125,052 1,625,873 16,394 194,303 (15,348) (55,923) 126,098 1,764,253 115,295 930,791 7,071 70,997 (15,348) (55,407) 107,018 946,381 19,080 817,872 9,757 695,082 Shares in group undertaking £ 2 2 2 |
|---|---|---|
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
Age UK Sunderland Services Limited
Registered office: Grange House, Stockton Road, Sunderland, SR2 7AQ Nature of business: Dormant company
| % | |||
|---|---|---|---|
| Class of share: | holding | ||
| Ordinary | 100 | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Aggregate capital and reserves | (1,195) | (1,195) |
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
13. FIXED ASSET INVESTMENTS - continued
Healthwatch Sunderland Ltd
Registered office: Grange House, Stockton Road, Sunderland, SR2 7AQ Nature of business: Dormant company
Healthwatch Sunderland Ltd prepares its accounts to 31 December. It is a company limited by guarantee and has never traded.
Age UK Sunderland Services Limited and Healthwatch Sunderland Ltd were dormant throughout the year ended 31 March 2025. Their results have not been consolidated with those of the Age UK Sunderland as their inclusion is not material for the purpose of giving a true and fair view, in accordance with section 405(2) of the Companies Act 2006.
14. STOCKS
| Stocks 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Amounts owed by group undertakings Other debtors Prepayments and accrued income 16. CURRENT ASSET INVESTMENTS Listed investments |
2025 £ 225 2025 £ 52,114 1,195 205 28,989 82,503 2025 £ 606,409 |
2024 £ 225 2024 £ 178,383 1,195 230 24,667 |
2024 £ 225 |
||
|---|---|---|---|---|---|
| 204,475 | |||||
| 2024 £ 594,978 |
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Trade creditors Social security and other taxes Other creditors Accruals and deferred income |
2025 £ 40,130 24,606 13,267 208,550 286,553 |
2024 £ 43,088 17,580 12,215 214,545 |
| 287,428 |
Deferred Income
Included within Accruals and Deferred Income are the following amounts comprising income received in advance of delivery of the related services or expenditure incurred.
| Balance at 1 April 2024 Released to incoming resources Amount deferred in year Balance at 31 March 2025 |
£ 157,873 (147,158) 154,079 164,794 |
|---|---|
18. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years In more than five years |
2025 £ 19,619 57,716 133,425 210,760 |
2024 £ 19,798 63,260 147,500 |
|---|---|---|
| 230,558 |
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fixed assets Investments Current assets Current liabilities |
Unrestricted funds £ 289,035 2 1,618,823 (168,673) 1,739,187 |
Restricted funds £ 529,006 - 1,164,927 (117,880) 1,576,053 |
2025 Total funds £ 818,041 2 2,783,750 (286,553) 3,315,240 |
2024 Total funds £ 695,303 2 2,833,455 (287,428) 3,241,332 |
|---|---|---|---|---|
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
20. MOVEMENT IN FUNDS
| Unrestricted funds General Fund Legacy Fund Development Fund Property Maintenance Fund Restricted funds Information, Advice, Benefits and Energy Warm Front Keep Them Warm Wellbeing Service (formerly Social Focus) Hospital Discharge Fit as a Fiddle Hardship Fund Building Fund Sustainable Homes Essence Service British Gas Winter Health Friends & Neighbours Sunderland MOD Advocacy Sep 2017 Front Door BUPA - Caring for Carers Living Well Link Service Hospital Discharge - Escalation (Covid 19) Kellet (Active Friends) AA Dementia MCST Crisis - Covid 19 Loneliness & Isolation Task Force Better Mental Health Dementia Diagnosis Service Armed Forces Covenant Fund Trust Good Things Foundation Befriending Menopause Support Service Access Foundation Dementia Awareness Training & Ageism TOTAL FUNDS |
At 1/4/24 £ 497,790 239,833 554,000 225,726 1,517,349 7,458 26,513 10,799 89,200 92,635 5,832 4,857 545,700 4,042 230,798 8,166 1,550 3,218 49,548 421,228 1,082 72,244 2,052 8,731 620 53,333 49,215 1,747 4,780 683 3,548 3,225 21,179 - - 1,723,983 3,241,332 |
Net movement in funds £ 28,916 - - - 28,916 1,187 - - 8,594 (5,405) - - (16,694) - 60,768 - - - (49,548) 63,977 - 5,786 - - - (29,518) (11,877) - - (683) - (167) 2,142 14,430 2,000 44,992 73,908 |
Transfers between funds £ 192,922 - - - 192,922 - - - (12,447) (11,357) - - - - (38,774) - - - - (71,190) - (11,194) - - - (9,310) (24,220) - - - - - - (14,430) - (192,922) - |
At 31/3/25 £ 719,628 239,833 554,000 225,726 1,739,187 8,645 26,513 10,799 85,347 75,873 5,832 4,857 529,006 4,042 252,792 8,166 1,550 3,218 - 414,015 1,082 66,836 2,052 8,731 620 14,505 13,118 1,747 4,780 - 3,548 3,058 23,321 - 2,000 1,576,053 3,315,240 |
|---|---|---|---|---|
continued...
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
20. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General Fund Restricted funds Information, Advice, Benefits and Energy Wellbeing Service (formerly Social Focus) Hospital Discharge Building Fund Essence Service Advocacy Sep 2017 Front Door Living Well Link Service Crisis - Covid 19 Loneliness & Isolation Task Force Armed Forces Covenant Fund Trust Befriending Menopause Support Service Cost of Living Crisis Access Foundation Sunderland City Council - Warm Home Packs Metcalfe Dementia Centre Sensory Garden Project Sport England Dementia Awareness Training & Ageism TOTAL FUNDS |
Incoming resources £ 743,508 1,402 47,174 147,195 - 416,548 (21,007) 599,367 170,187 - - - - 29,882 9,816 14,430 6,085 10,624 1,240 4,916 1,437,859 2,181,367 |
Resources expended £ (718,710) (215) (38,580) (152,600) (16,694) (355,780) (28,541) (535,390) (164,401) (29,518) (11,877) (683) (167) (27,740) (9,816) - (6,085) (10,624) (1,240) (2,916) (1,392,867) (2,111,577) |
Gains and losses £ 4,118 - - - - - - - - - - - - - - - - - - - - 4,118 |
Movement in funds £ 28,916 1,187 8,594 (5,405) (16,694) 60,768 (49,548) 63,977 5,786 (29,518) (11,877) (683) (167) 2,142 - 14,430 - - - 2,000 44,992 73,908 |
|---|---|---|---|---|
continued...
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
20. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General Fund Legacy Fund Development Fund Property Maintenance Fund Restricted funds Information, Advice, Benefits and Energy Warm Front Keep Them Warm Wellbeing Service (formerly Social Focus) Hospital Discharge Fit as a Fiddle Hardship Fund Building Fund Sustainable Homes Essence Service British Gas Winter Health Friends & Neighbours Sunderland MOD Advocacy Sep 2017 Living with and beyond cancer Front Door BUPA - Caring for Carers Living Well Link Service Hospital Discharge - Escalation (Covid 19) Kellet (Active Friends) AA Dementia MCST Crisis - Covid 19 Loneliness & Isolation Task Force Better Mental Health Dementia Diagnosis Service Armed Forces Covenant Fund Trust Good Things Foundation Befriending Menopause Support Service TOTAL FUNDS |
At 1/4/23 £ 453,356 239,833 554,000 225,726 1,472,915 6,098 26,513 10,799 66,287 83,680 5,832 4,857 562,393 4,042 191,691 8,166 1,550 3,218 5,386 16,803 254,119 1,082 31,536 3,163 6,282 620 73,333 49,464 1,747 16,233 183 3,436 3,365 1,916 1,443,794 2,916,709 |
Net movement in funds £ 7,631 - - - 7,631 1,360 - - 22,913 8,955 - - (16,693) - 39,107 - - - 44,162 - 167,109 - 40,708 (1,111) 2,449 - - (249) - (11,453) 500 112 (140) 19,263 316,992 324,623 |
Transfers between funds £ 36,803 - - - 36,803 - - - - - - - - - - - - - - (16,803) - - - - - - (20,000) - - - - - - - (36,803) - |
At 31/3/24 £ 497,790 239,833 554,000 225,726 1,517,349 7,458 26,513 10,799 89,200 92,635 5,832 4,857 545,700 4,042 230,798 8,166 1,550 3,218 49,548 - 421,228 1,082 72,244 2,052 8,731 620 53,333 49,215 1,747 4,780 683 3,548 3,225 21,179 1,723,983 3,241,332 |
|---|---|---|---|---|
continued...
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
20. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General Fund Restricted funds Information, Advice, Benefits and Energy Wellbeing Service (formerly Social Focus) Hospital Discharge Building Fund Essence Service Advocacy Sep 2017 Front Door Living Well Link Service Hospital Discharge - Escalation (Covid 19) Kellet (Active Friends) Loneliness & Isolation Task Force Dementia Diagnosis Service Armed Forces Covenant Fund Trust Good Things Foundation Befriending Menopause Support Service Cost of Living Crisis TOTAL FUNDS |
Incoming resources £ 522,312 1,939 46,893 146,530 - 405,852 99,697 572,348 169,171 - 8,069 - 13,333 500 112 - 41,088 1,833 1,507,365 2,029,677 |
Resources expended £ (549,762) (579) (23,980) (137,575) (16,693) (366,745) (55,535) (405,239) (128,463) (1,111) (5,620) (249) (24,786) - - (140) (21,825) (1,833) (1,190,373) (1,740,135) |
Gains and losses £ 35,081 - - - - - - - - - - - - - - - - - - 35,081 |
Movement in funds £ 7,631 1,360 22,913 8,955 (16,693) 39,107 44,162 167,109 40,708 (1,111) 2,449 (249) (11,453) 500 112 (140) 19,263 - 316,992 324,623 |
|---|---|---|---|---|
Transfers between funds
Where restricted funds are discharged through capital expenditure, that amount is transferred to the general fund. Deprecation of those assets is subsequently charged to the general fund.
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
21. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
22. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Gain on investments Profit on disposal of fixed assets Interest received Dividends received Decrease/(increase) in debtors Decrease in creditors Net cash provided by operations 23. ANALYSIS OF CHANGES IN NET FUNDS At 1/4/24 £ Net cash Cash at bank and in hand 2,033,777 Less: Deposits treated as liquid resources (171,069) 1,862,708 Liquid resources Deposits included in cash 171,069 Current asset investments 594,978 766,047 Total 2,628,755 |
2025 £ 73,908 71,049 (4,118) (34) (40,741) (13,718) 121,972 (875) 207,443 Cash flow £ 60,836 171,069 231,905 (171,069) 11,431 (159,638) 72,267 |
2024 £ 324,623 69,107 (35,081) - (23,015) (15,641) (133,501) (62,632) 123,860 At 31/3/25 £ 2,094,613 - 2,094,613 - 606,409 606,409 2,701,022 |
|---|---|---|
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
24. LEGAL STATUS
The charity is incorporated under the Companies Act as a company limited by guarantee. Every Member promises, if the charity is dissolved while they remain a member or within 12 months afterwards, to pay up to £1 towards the costs of dissolution and the liabilities incurred by the charity while they were a member. The company's registered number and registered office address can be found within Reference and Administrative Details.
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