Bexley
ageuK
Age UK Bexley
(A company limited by guarantee)
Trustees, Report and Financial
Statements
For the year ended 31 March
2024
Registered number: 04244876
Charity number: 1088399

Contents
Message from our Chair
What we do
Objectives
Achievements
Future plans
11
Financial review
12
Principal risks and uncertainties
13
Policies
14
Structure, governance and management
15
Trustees, responsibilities
16
Independent examinerfs report
17
ststement of financial activities
18
Balance sheet
19
ststement of cashflows
20
Notes to the financial ststements
21
Reference and administrative details
38

Message from our Chair
Welcome to the Age UK Bexley Annual Report 2023124. As we reflect on the past year, I am proud to share the
significant strides we have made in our mission to seNe our community. This peri(Kl has been marked by both exciting
developments and important transitions.
Over the year, we were delighted to have introduced new services: the Handyperson Servi￿ and the Belvedere Day
Centre (Activity Day). These initiatives have already begun to make a positive impact, and we look forward to their
continued success.
During this year, we also experienced changes within our Board. We bid farewell to Tamatha Macey, whose contributions
over the past 3 years have been invaluable. We extend our heartfelt thanks to Tamatha for her dedication and service. At
the same time, we welcomed two new members, Alan Johnson and Carole Pellicci, whose expertise and enthusiasm are
already proving to great assets to our team.
In April 2023, we held a consultation day that brought together diverse Vol￿ from our community. The insights gained
from this event were instrumental in drafting our new 3-year Strategic Plan. This plan will guide our efforts and ensure
that we continue to meet the evolving needs of those we seNe.
Thank you for your ongoing sUPPOrt and commitment. T￿Jether, we are making a dIffe￿n￿.
Aaron Pang
Chair
A big thank you to all our supporters
We would like to say a really big'thank you" to everyone who has supported us with grants and donations this
year, including:
The London Borough of Bexley, the City Brldge Trust, the Mercers Charitable Foundation, London Catalyst, Sktpton
Building Society, the London City ￿rPort Community Fund, the National Lottery Community Fund, the Sir Jules
Thorn Trust, the National Grid, PKM)St Charitable Trust, the Asda Foundation, Sky UK the WG Edwads Charitable
Foundation, TCE Ltd, the Masonic Charitsble Foundation, the University of Greenwith, the Rotary Club of Sidcup,
Cray Valley Lodge, the Erith Rotary Club, Braidwood Lodge, the Provinoal Grand Lodge of West Kent, and Alliance
Medical.
We would also like to particularly thank all the individuals who have made donations (too many to list here)
Without you we wouldn't be here, and we really appreciate your SUP￿rt.

What we do
Reduce social",
isolation and
loneliness
Who we are
Age UK Bexley is an independent local charity. We've
been working in the local community to help older
people for 30 years. We have 32 dedicated staff and
over 100 volunteers helping us to deliver Servi￿ and
attivities for older people in Bexley.
Our Mission and Values
Improve self-
confidence and
independence
For all older people Ilmng in Bexley, Age UK Bexley
aims to:
Reduce social isolation and loneliness
Improve self-confidentr and independen
Improve health and wellbeing
Prevent and relieve poverty
Ensure they can thrive and enjoy later life
As a charity working at community level with older
people in Bexley, we value diversity and aim to
SUPPOrt older people from all sections of our
community. We strive to make our *rvices and
activities inclusive, safe spaces for those from
minority ethnic backgrounds, people who identify
as LGBTQIA+, people living with disabilities, and
refugees.
Improve health
and wellbeing
Thank you
What we do is only possble thanks to the supwrt we
retrive from our community - individual supwrters,
local organisations and businesses and those who
dedicate their time to volunteer with us.
Prevent and
relieve poverty
Ensure they can
thrive and enjoy
later life
Chair-based exerdses at our
Befriending Cafe

Our Aims and Objectives
The Objects of our Charity are:
Preventing or relieving the poverty of older people.
Advancing education;
Preventing or relieving sickness, disease or suffering in older people (whether emotional, menta5 or physlcal);
Promoting equality and diversity;
Promoting the human rights of older peDple in accordan￿ with the Universal Dedaration of Human Rights;
Assisting older Feople in need by reason of ill-health, scrial eJdusion or other disadvantsge
Between April and October 2023, we consulted widely with our service users, staff and volunteers to set our
Prborities for the Next 3 Years:
Meeting Changing needs- including, but not limited to.. the rising Inaden￿ of dementia and other long term health
conditions, the cost of living crisis, the digital divide, transport, and where demand for our services exceeds capacity,
Aim for excellence in services - ask for feedback from our dients and act on this to improve our services; apply for the
CQS quality mark.
Raising awareness of Age UK Bexley - promote our organisationlservices to people who need us (including people
from ethnic minorities who are under-represented amongst our current dients) and to partners who might refer people;
attract funding and donations.
Tackling isolation and lonelin￿5- induding expanding our Befriending Cafes and xKial groups and our One to One
Befriending Servi￿,
Enabling objectives:
Volunteering - promotion of volunteering opky)rtunities and recruitment of more volUnt￿rs.
L¥1
Easter hat
raile at our Wellin
Befriendin
Publlc benefit
In setting objectives and planning for activities, the Trustees have given due congderation to general guidan￿ published by
the Charity Commission relating to public benefi¢ induding the gUIdan￿'PulliC benefit: running a tharity (PB2}'.

Our Aims and Objectives (continued)
Main actlvities undertaken to further the
charity's purposes for the public benefit
Men in Sheds- providing small engineering and
socially entrepreneurial activitie5 for older men.
In order to deliver public benefit in line with these aims,
Age UK Bexley provides the following servi￿.
Community Development programme - building
SUPPOrt and community-based resources including
Beftiending Cafes and Fitness Groups that to
encourage social connecknvity and g(K)d physical and
mentsl health.
Information and Signposting - our Infomiation
Gateway service offers a point of entry into the
Servi￿ in addition to supporting local need for
information and support in later life.
Welfare Benefits AdVI￿- undertaking benefit
checks and assisting with completing claim forms in
order to maximise income.
Volunteering - volunteering roles for anyone over
the age of 18 to help the charity support older people
in their homes, our in-hou* serviw and other
community settings.
Befriending - visiting seNices prowded by
volunteers reduang social isolation and loneliness for
older people.
Pathways Project (Adult Social Care) - as part of
our consortium partnership with One Bexley we
undertake care act assessments and reviews on
behalf of the Lx)rough's Adult Soual ca￿ service.
Day Centres - including Dementia Support Service5,
Nursing Day Care, Stsndard Day Care, Respite
Services.
Handyperson service- providing support with
simple DIY and repairs in clients, homes to enable
them to maintain their independence.
Nail Cutting Service - providing basic fcKIt care to
people of 50 years and aLK)ve, including those with
diabetes.
Representation and Influencing - representing
the interests of older people in the borough with
decision-makers and other organisations.
Age UK Bexley volunteers receiving their Thank You
certlficates during Volunteers. Week

Achievements
Our achievements are set out in our annual report each year. Recent achievements
of which we are particularly proud, include the following:
Our Inforniation
Gateway service h￿1 a
totsl of 6737 contacts
with clients (an
increase of 220/0
ccxnpared to last year).
Attendan￿S at
our weekly Cycling
aub during
2023124 project
' increased by
520/0.
Our Welfare Benefit
Advice service
raised additional
income of
£1,728,778 for
local resident&
890/0 of our
Befriending Cafe
clients said their
sense of wellbeing
had improved.
new wee
Our Danson W?Iking
Group saw a
increase in..
attendances of '
540/0 compare(I tD
last
OneH
dien¢*
couldn t
for
980/0 of those
suryeyed from our
Information Gateway
service stated that their
original question was
answ￿1 in full.
We were su¢¢e*ful
in obtsirdrvjfbe Age
.was so
tts the first
tacy,.
our.WeWaft Benefits
Advia Service.
860/0 of our
Befriending Cafe
clients said it had
helped to maintsin
their
independence. , -
We opened a
new Befriending
A Cafe in
.TharnesrYlead.
When asked what
Attendances at our
Men in Sheds
proiett during
2023124 increased
Bexley
ageuK

Achievements (continued)
Befriending Cafe5
Durlng 2023124 membership of our Befriending Cafes
has continued to grow and we thanks to funding from
the Mercer's Company and others, we were able to
open another new Café in Thamesmead in January
2024, in partnership with Peat(*Jy Housing Asgxiation.
authority tr) request offline access to council services for
older people who need it. Several of our Café members
have been involved with this and have formed a
campaign group that m￿ts regularly.
The total number of attendan￿ at our Befriending
Over the past year we have been able to offer a total of Cafes has increased by 46% to 6,662 (compared to
492 sessions (compared to 360 the previous year, an
4,566 the previous year).
increase of 37%).
We carried out an evaluation of the Cafes and asked all
attendees to complete an anonymous questionnaire.
As well as our regular activities at the Cafes (Games,
Quizzes, Bingo, Speakers, etc) we have been able to
provide a number of parties for our members this year
(for Silver Sunday in October 2023, for the King's
Coronation, at Christmas and also at Easter).
RespN)nses are sUmmaris￿l below.
We have also worked with Age UK London on their
"Mind the Digital Gap" campaign, lobbwng the Iixal
890/0 said their sense of
wellbeing had improved
78 % said their
Confiden￿ had improved
86 % said it had hel
to maintsin their
independen
isolated
Easter hat Parade
97 % rated the servi￿5
as -good" or "excellent-
lonely
Attendance
In totsl, 268 people attended the Cafes between April 2023 and March 2024. There were a total of
492 sessions, and 6.662 attendances. Attendees, ethnic groups were recorded as follows: White British
82 % . White European: 2%; Asian: 5%; Black British: 6 % . Mixedlother: 2%: Unthown: 3%. Gender: Female:
73%. Male.. 27%.

Achievements (continued)
Befriendlng Cafes (continued)
Comments about the Cafes..
"The stsff are very hdpful and lovely also fiiendly and
polite"
"I think the volunteers do a marvelous job-
"The Servi￿ has saved me I love coming"
Comments about why clients attend the Cafés:
'To make friends"
"I was isolated"
'I felt lonely"
"I live on my own"
"For help with my memory"
"For help with my smart phone"
"To learn about computers"
"To keep busy"
Thames
Befiiending Caf¢': 4,
Men in Sheds
organised by the Southeast London Integrated Care
Men in Sheds Bexley is a community group for men
over 50 to come together, make things and most
importantly have fun! We are based in the grounds of
Christ Church Erith, just behind the church hall. Men in
Sheds is a service run by Age UK Bexley.
In November, Men in Sheds was nominated for a
"Healthy Communities" Interfaith award for their
partnership working with Christ Church Erith. The
Shed Manager attended the evening to accept the
Shed's nomination certificate.
5 off-site s(￿laIS were delivered for the members
over the course of 2023124, including day trips to the
Sky Garden, V&A Childhood Museum and a trip on
the London Riverboat.
Attendan￿S during 2023124 increased by 42 % from
1,322 the previous year to 1,871. 240 sessions were
delivered and 45 clients attended in total. We have rtow
had to start a waiting list for the project.
We are grateful to the City Bridge Trust for previous
funding for the Shed and to the National Lottery
Community Fund for granting us another 5 years,
funding from October 2023.
2023124 Achievements:
Men in Sheds reached an additional 89 people
2023124 through their outreach workshop sessions.
Members delivered 2 sessions for local residents at
The Exchange, 2 sessions for Lime Wood Primary
School's Reception classes and a session at the
Belvedere Community Centre.
Men in Shed5 also welcomed a tslk by Bexley dinical
leads, Dr Kwan and Dr Moir to talk aLx)ut prostate
cancer and diabete5 in November. Held in our wocKI
workshop, the session wa5 WPJI attended, and
members really engaged with the talk. The members
were given an opportunity to ask questions
throughout the session, which encouraged peer
support and discussion afterwards. The talk was
me
bers with
sculpture for Lime
00(1 Primary Sch

Achievements (continued)
Fitness Activities
Cycling Club
Fitnwve
Our Cycling Club continues to be popular with members, Our ￿tr￿0ve class ran almost every w￿k during
delivering 36 sessions over the course of the year with 2023124 led by a qualified physiotherapist who carries
a totsl of 199 attendances (an increase of 52 % on
out an assessment of each person when they join. 38
last year). During mid-December 2023 to mid-march
sessions were delivered at the Belvedere Community
2024, the rides paused for winter.
Centre, with a total of 423 attendances (37 clients,
a 320/0 increase on last year).
In September the group took their bikes over to the
Olympic Park in Stratford and rode up to Walthamstow
marshes, cycling through Hackney and along the river
Lea on the way.
rai Chi
The Cycling Club also had a Christmas rtde and lunch at
The Morgan Pub attended by 10 riders and volunteers.
A hot pub lunch was very welcome after a ride on a
snowy day.
Our weekly Tai Chi dass, also held at the Belvedere
Community Centre provided 41 sessions this year, with
a total of 262 attendances (16 clients).
The Cycling Club ran 3 peer-led Maintenan￿ ￿lOn5 at
Men in Sheds across the year. The Club have a selection
of specialist tools, a cleaning kit and a bike stsnd to
enable them to repair and maintain their bikes.
Art Group
We also started a weekjy Art Group during this year at
Belvedere Community Centre. The group has proved
popular with artists and Winners alike, providing an
opportunity for people to improve their skills, relax and
make new friends tox).
Walking Groups
The Danson Park walknng group has been active wee￿Y
throughout 2023124 including during the winter months. In total 18 people benefited over the past year. 36
Over the course of the year the group delivered 50
sessions were held with a total of 356
walks with a total of 817 attendances (50 clients).
attendan￿5.
This was an increase in attendances of 540/0 compared
to last year.
clin
v.

Achievements (continued)
Day Care
Volunteering
Our Day Centres have I￿en very much in demand this
year and we still have a waiting list for all our Day
Opportunities.
Our volunteers continue to be absolutely essential to the
delivery of our servI￿s. Volunteering roles within the
charity are varied and there is something for everyone,
from helping out at one of our Cafes, to visting an
isolated older person at home, to providing information
via our telephone helpline, to helping someone to fill in
a complicated claim form.
Thanks to funding from the Age UK Cost of Living Fund
we were able to open an additional Day Care Day in
June 2023 at the Belvedere Community Centre which
runs every Thursday and provides activities particulady
aimed at stimulating cognitii)n and aid memory.
Over the year, a total of 105 volunteers worked for us,
19 of whom were new in the year 2023124.
Day Care is a lifeline to so many people. As well as
providing an enjoyable day for the person with care
needs, the Day Centres also provide a break for an
unpaid Carer.
Handy person Service
This year (from April 2023) we re-started our
Handyperson servi￿ that had been closed during Covid.
This was in response to demand from our dients who
said they needed an organisation they could trust to
come into the home and help with simple DIY and
repair tasks. The SeN1￿ started slowly with the
recruitment of one "Handy Person" who works for us l-
2 days per week. He is able to help with things like
fitting key safes and handrails, putting up pictures and
curtain rails, and installing key chains and spy holes. In
2023124, 72 clients benefrtted from the Servi￿ and
94 jobs were carTied out.
We asked Carers what impact the Day Centre has on
them and received some really wonderful comments
including..
"It enables me to have lunch with my husband on
week"
I get to do some personal shopping"
"It relieves my depression-
"I meet frlends and feel human again"
Comments received induded:
"Knowing Mum I safe, I enjoy spendlng time having
lunch with friends and my husband"
"We couldn't have asked for better advice and
everything was so quick after the first contact"
"[Handyperson] was a stsndout - was very good
and knowledgeable".
-Local authority- you spoke with a different
person every time and couldn t get through. With
Age UK Bexley we sp)ke to same people each
time."
e experien￿ of fitting the rails was very good
and we use them all the time."
°Our experien￿ has been go¢)J... better than
'I get my sense of self back"
During the 12 months from April 2023 to March 2024,
150 people attended our Day Centres and a total of
6,477 attendances were recorded at 307 session5
(an increase of 200h on 2022123).
Ethnicity of attendees at our Sidcup Day Centre was as
follows: White British: 83 % . White European: loh;
White Irish: 20/0 Asian: 20h; BlacklBlack British: 5%;
Other: 2 % . Unknown: 5 %. Gender,. Female: 59%.
Male: 41 % . Age ranges: 55-64: 3%; 65-74: 11¥0' 75-
84.. 38 % ' 85-94: 39 % . 95-104: 9%.
BeIvede￿A￿vity D I ;.
Christmas
Nail Cuttlng
We have continued to provide our nail cutting servi
during 2023124, with 2 din1￿ per week at Sidcup and I
at Belvedere, The service has been very much in
demand and much appreciated by dients with ICKI % of
people who used the Servi￿ rating it "excellent" and
910/0 of respjndents saying that thar wellbeing had
improved Sin￿ using the servi￿.
141
409 clients used the se￿1￿ during the year. 141
sessions were held with 1,456 attendances.

Achievements (continued)
Inforniation Gateway Service
During 2023124 our Information Gateway servi￿ has
continued to be a lifeline for older people in Bexley.
Welfare Beneffts
The cost-of-llwng crisis has hit many older people hard and
during this year we have had another huge increase in the
numbers of people contscting us for advi￿ about
maximising their income. We had to close our waiting list
for part of the year as we had so many people waiting.
During this time, clients were signposted to other
organisations in the borough who could help them.
During the year, 1,645 people contscted us for
Information (compared to 1,509 last year) and we had a
totsl of 6,737 contacts with those dients (compared to
5,542 last year), an increase of 220/0. Our satisfaction
rates remain high with over 980/0 of those surveyed
stating that at the end of our work with them in the
Gateway that their original question was answered in fijll
(600 people s￿￿eYed).
Thanks to ftjnding from the National Lottery Cost of Living
Fund and donations from clients, we were able to tske on
an additional part-time Benefits Advisor who helped us to
reduce the waiting list and we We￿ able to reopen to new
referrals again in the autumn of 2023
Pathways Project
Our Pathways Project is a partnership between Age UK
Bexley and 7 other local charities who have come t(NJether
as a consortium known as One Bexley to provide Adult
During the year 2023124, we received 4,580 contacts
Social Care Assessments, Reviews and Carers. Assessments from older people about welfare benefits and we provided
on behalf of the local authority. Age UK Bexiey employs 3
benefits advice for 629 people. As a result, we have
Full Time Trusted ￿seSsorS in this role.
raised additional income of £1,728,778 for local residents.
One to one befriending
During this year, we applied for and were Suc￿sful in
obtsining the Age UK Quality Mark for our Welfare Benefits
Advitr Service. The assessment pro￿55 was very rigorous,
and we are proud to have achieved the Quality of Advi
Standard.
It has continued to be challenging to recruit enough
volunteers to m*t the demand for our One-tO-One
Befriending Se￿1￿. The Servi￿ is quite small and aimed
at people who live along and are housebound so cannot
get out to our Befriending Cafes.
Age UK
Information & Advice
Quality Assured
All clients that do have a befriender are all happy with the
support they are receiving, with 100% rating the Servi￿ as
either "good" or'excellent,:
Over the year 17 clients benefited from the service and
14 people volunteered for us in total.
Age
ta
Info
eve
K Bexley
PUK
ley and One
rerfs inforni
ation
in
io

Future Plans
Independence
Day Care
£ Befriending Cafes
Older People a)
Fitness
I Carers
Self-confidence
Diversity
Bexley
ageuK
Wellbeing
Men in Sheds
Reduce social isolation E Disabilities
Dementia Support
Nail Care Clinic
Inclusive
We conslder the following to be key future plans
for the charlty for 2024125:
Develop our Day Care at Home Servi￿ to provide
a sitting service in clients, own homes and to help
with cleaning, shopping and getknng people out
and about.
Look into how we can improve transpjrt
options/provide better and more reliable transp)rt
for people who want to access our day ￿ntre and
community cafes.
Apply for funding to expand the Welfare Benefits
Advi￿ servi￿, possibly to include debt and
housing advice as well as benefits, and to
older tEople, and reduce the likelihood of falls as
well as social isolation.
Cary out evaluations of all our services to ensure
they are meeting our strategic aims and
objectives.
Continue to ensure compliance with the CQS
(Charities Quality Stsndard) quality mark, the Age
UK Quality of Information and Signposting and
Quality of Advice Standards. Apply for the Age UK
Footcare Quality Standard when it is finalised.
Employ a Fund-raiser to ensure sustainability for
Eè
increase our capacity to suppx)rt people through
the cost-of-living crisis.
Restructure our staff team to ensure best use of
staff time and continuity for the future
Create an additional 50 Day Centre pla￿ per
week to reduce the waiting list for Day Care.
Digitsl Divide,, continue to work with Age UK
National in their Mind the Digital Gap campaign
and with Bexley Council with the aim of maknng
more council serviceslbenefits accessible to
people who do not have access to the intemet.
Work with the Frognal Local Area Ne￿Ork to
develop and deliver a project to improve fitness in
the future and to raise the profile of the charity
l¢xally.
Set up an "Information point" at another location
in the borough to ensure we are more ac￿ssible
to clients who do not live in the Belvedere area
Explore the option of opening another Befriending
Café in Slade Green.
Hold an event to celebrate the Intemational Day
of Older People in Ottober.
Explore the possibility of another Men's Group
(tyjssibly in the South of the Borough/Frognal
area, and possibly linked to fitness?) to relieve
pressure on the Men in Sheds waiting list.

Financial review
Overview of the year
The Charity received total income of £925,012 in the
year, (2023 £737,520) with expenditure of £830,918
(2023 £689,374), resulting in a budgeted surplus of
£134,561 (2023 £12, 956) when taknng into account
gains on investments of £40,467 (20231oss of £35,550). There were £628,437 of unrestricted (undesignated)
Within the ovetBII surplus, there was a £4,449 deficit
general reserves at the year end, of which £60,119
related to restritted funds as a ￿sUIt of restritted
related to fixed assets and £358,917 related to fixed
income received in prior years being spent in accordance
asset investments. The fr￿ reserves for general
with the terms of the grants (2023 defiat on restricted
pUr[￿S is £209,401. This is lower than the three
funds of £9,709).
months reserves the charity aims to hold, however
Trustees recLYJnise that the investment portFolio could be
Overall income has increased by £187,492, as a resu￿ of liquidated should this be required.
an increase in income from existing Servi￿ as well as
new serVI￿S being develop￿d, induding additiona5 Day
Care provision, a Handy Person servi￿ and a Hospital
Discharge Servi￿.
A ftjrther £24,411 was designated in the prior year to
cover the costs of disputed rent payment from a
premous property.
Financial govemance regarding the management of
nds identifies a minimum of three months operating
costs should be retsined to cover all eventualities in the
event of closure and redundancy. Trustees are obliged
under section 6, 2.5 of the current financial procedure5
to cary out an annual risk assessment including the
calculation of all known liabilities, consideration of any
acbon necessary to redu￿ risk, and the appropriateness
of current reserve5 levels to cover those three months
should they be required.
Expenditure increased by only £141,544 compared to
the prior year financial statements (ie less than the
income) including an Increa￿ in siaff costs of
£128,946.
Our funds
At 31 March 2024 funds totalled £703,603 of which £755
relates to restricted funds not available for general
purposes and £74,411 relates to designated funds, as
detsiled in note 20.
Going concern
After making appropriate enquiries, alongside reviewing
budgets and cash flow forecasts, the Trustees have a
reasonable expectation that the company has adequate
reSoUr￿S to continue in operational existence for the
foreseeable future. For this reason, they continue to
adopt the going concem basis in preparing the financial
statements. Further details regarding the adoption of
the going cOn￿M basis can be found in the Accounting
Poliaes.
£50,000 of unrestricted funds have been designated as
a staff contingency ftjnd. This has been set aside to
cover the need to pay staff redundancies in the event
that the charity had to close in the ftjture. There is no
expectation at this point that it will need to.
¥.
111
12

ae UK l*xlcy l Tr￿stEe5. RepDrt Financial 51atenicnls | 31 ￿lar(h 2D24
Risks and uncertainties
Risks and uncertainties currently facing the tharity are noted in the tsble below. Mitigations and risk management
were fully reassessed as part of the charity's Business Continuity Planning in June 2023.
The risk register was refreshed and UF¥Jated and reviewed again in July 2023. Contingencies for In￿lon control,
resour￿ redeployment and finanaal resilien￿ were all put in pla￿ to assure our ability to maintain ￿NIce delivery
wlthin controlled operational environments and a secure finanaal fcoting.
Risks
Mitigation
Reliance on eamedincome from Day Care andother
services.
There is a risk of loss of revenue due to forced dosure
of our Day Care Centre and other *rvices in the event The charity is aiming to diversify its Sour￿ of funding
of another Pandemic. However, Day care is very much
In order to redu￿ relian￿ on one Sour￿ of income.
In demand, particularly for clients with dementia, as
other day care services In the tK)rough, most of whlth
Marketing and communications are also being updated
with Increased reach and better promotion of *rvices
are situated in residential and nursing care homes, have and support.
not yet re-opened following Covld-19.
The charity is quite dependent on grant fvnding for
some of its core servI￿s. Most grants are short-temi
(2-5 years at most) and ftjrther funding has to be
applied for el*where when the grants come to an end.
The tharity plans to Introdu￿ tnore social enterprise
projects over the next few years In order to diversify Its
income base.
Rising Cost of Liwng
The Charity intends to apply for funding to Increase
capacity to support people with income maximisation
and applying for grants to help with utilitie5.
The rlsing cost of liwng and increase in costs, in
particular energy bills, present a risk to the charity for
the coming year both in terms of our own mst
pressures, and also in terms of loss of revenue from
dients who may not be able to afft)rd to pay ft)r
ServI￿S and support.
Our involvement in the Pathways projett (delivering
Adult ScKial Care Assessments on behalf of the local
authority) means that we are well placed to identify
dients who would be entitled to receive financial
support from the local authority, for example to access
our day servi￿, and to advise them accordingly.
Unresolvedrent and leasing arrangements I￿. .,
Additional cost pressures potentially resulting from
unresolved rent and leasing arrangements with the
borough.
The charity is working wlth the t)orough to resolve thls
issue and dixussions are on-going.
13

ioe UK 8exley l Trusiees'Retort and Financial st3ten￿￿tS | 31 ￿lar(h 20?.4
Policies
Fundraising
Equality. Diverslty and Inclusion
The charity remains mindful of its obligations under the
Fundraising Code of Practice, with an undertakj'ng to
ensure the following:
Age UK Bexley encourages and values diversity. We are
committed to providing equality for all stsff, volunteers,
dients, and partners and we provided training on
Diversity, Equity and Inclusion for staff and volunteers in
March 2024
GDPR obligations have been applied at all times,
and that the charity at no time has made
unsolicited approaches unless express pemission
has been granted.
We actively support diversity and inclusion and ensure
that all our staff, volunt&rs and clients are valued and
treated with dignity and respErt. We want to encourage
everyone to reach their potential.
Whilst the charity has not registered for any
voluntary fundraising regulatory scheme it ha5
adopted the core fundraising prinaples set out by We welcome our legal duty not to discriminate because
the Fundraising Regulator in its Fundraising Cc*Je
of the Equality Act 2010 protected characteristics of age,
of Practice.
disability, gender reassgnment, marriage and civil
partnership, pregnancy and maternity, Ta￿ (including
colour, nationality, and ethnic or national origin), religion
or belief, sex (gender) and sexual orientation.
It has not used the services of an extemal agency
to support our fundraising activities but were it to
do so would require adheren￿ to the same
national standards and/or registration with a
reccgnised scheme.
Investments
The Trustees have an obligation to secure the best
Monitoring of our fijndraising acknvity during the
financial return (within the appropriate level of risk) to
year has not identified any prattices that could be ￿ spent on the tharity's aims. Consequently, the
deemed as failing to meet those same national
Trustees are seeking long-term growth of capital and
standards. However, further review as part of the
income over time as their investment objecknve.
Fundraising Action Plan will fomi part of our
developing strategy for income development in
the future.
We aim to spread our funds across a number of low and
medium risk investments and are committed to investing
in a restM)nsible and ethical manner.
There were no complaints in relation to our
fundraising activities during the year.
Due to the restritted nature of our fundraising
activity, we have been careful both to res
permission limitations central to our information
governan￿ and therefore only contscted those
who have expressly said they are happy for us to
do so. Our digital fundraising al￿ applies our
inft)rmation governan￿ and GDPR prccedures In
terms of the retention and use of any personal
information that is given to the charity. Therefore,
we have sought to ensure that no undue or
unwanted pressure is applied to those who have
given their SUPFKJrt to the charity in the delivery
and funding of its work.
king Group taking a break
after a walk around Hall Place
Safeguarding
Safeguarding adults at risk is at the heart of all we do.
We have a dedicated stsff member as Safeguarding
Lead who has 28 years, experien￿ in this field. She
undertakes regular Safeguarding training herself and is a
qualified Safeguarding Trainer, enabling her tr) njn in-
house training for our own staff and volunteers as well
as for other local organisations on request.
14

Structure, governance and management
Constltution
responsibility for the provision of the seN1￿5 to the
Chief Executive who manages the operations of the
charity, supeNises the senior management team, and
ensures that the team continue to develop their skills
and working prdctices.
The organisation is a charitsble company limited by
guarantee, incorporated on 2 July 2001, and registered
as a charity. The company was established under a
Memorandum of Association, which defined the objects
and powers of the charitable company. It is govemed
under its Articles of A￿ciatiOn. In the event of the
company being wound up members are required to
contribute an amount not exceeding £1.
The Board consists of
The Chair of the charity, elected by members at the
Annual Generdl m￿ting.
Method of appointment or election of Trustees
Eight persons elected by members at the Annual
General m￿ting.
The appointment prc£ess is a robust prccess prinapally
defined by the business, knowledge, and development
needs of the organisation. Advertisements are placed
through a range of online and social media in addition
Ic￿1 business and community networks across the
borough.
Persons co-opted until the conclusion of the Annual
General M￿ting provided this does not exceed one-third
of the total number of members eletted under the
above categories.
The trustees who served during the year were as
follows:
Where skills gaps occur, advertisements are targeted to
ensure these are filled and the balan￿ of skn115,
knowledge and expertise is maintained. Initial enquiries
and applications must be made via the Chief Executtve,
with trustees being involved in the selecknon and
appointment of successful candidates with suptK)rt from
the Senior Management team where appropriate.
A. Pang (Chair)
L. Cashin
M. Hamilton
S. Holmes (freasurer)
Policies adopted for the induction and training of A. Johnson (appointed May 2023)
Trustees
B. Kozlowicz
The Board of Trustees ensures that the composition and
the breadth of experience of its members are sufficient
for it to discharge its respK)nsibilities. To these ends, the
Board regularfy reviews its composition and where
necessary identifies new options for membership and
skills. The charity has a trustee induction and training
pack.
T. Macey (resigned June 2023)
C. Pellicci (appointed January 2024)
T. Shah
L. Weymouth
During the year the Trustees have been encouraged to
keep up to date with wider settor knowledge and
relevant Charity Commission guidantr.
Relationship with other charities
Age UK: As a IcKal Age UK, Age UK Bexley works
alongside Age UK National as a Brand Partner. Each
Brand Partner is an independent organisation, a charity
The Trustees, based on local market assessment, CPI
in its own right, but works closely with Age UK National
and receives suptK)rt from the national organisation in
and performance outturn, agree rates of pay for all staff terms of poliLy and keeping up to date with issues that
Including those in *nior positions and sign off all staff
salary increases.
affett older people. We also receive funding from Age
UK National for several of our services.
Pay policy for senior staff
Organlsational strurture and decision-making
One Bexley: Age UK Bexley is part of One Bexley: a
group of 8 Ic(al organisations who have come together
with the aim of improving services for Bexley residents.
We are currendy working together on a project known
as "Pathways", a contratt with the local authority to
undertake Adult ScKial Care As*ssments and reviews
for kEople with care and support needs, as well as
ca￿rS Assessments.
In accordan￿ with the company's Articles of
Association, the company has a Board of Trustees. The
members of the Board are the company's directors for
the purposes of company law and are the trustees of
the charity for the purpo*s of charity law.
The Board of Trustees is re5pon5ible for the overall
management and control of the charity. The Board of
Trustees meets a minimum of 4 times a year.
The Board of Trustees delegate the day-trday

'.Je UK 8eAley l Tru£iees' RetNJrtand Financial sialenients131 Tr1aiih 2024
Trustees, responsibilities
Statement of Trustees, responsibilities
in the United ￿ngdoM goveming the preparation and
dissemination of financial statements may differ from
The Trustees (who are also the directors of the company legislation in other jurisdictions.
for the purpo*s of cornpany law) are responsible for
preparing the Trustees, report and the financial
statements in accordan￿ with applicable law and United
Kingdom Accounting Standards (United tfjngdom
Generally Accepted Accounting PractiTr).
Disclosure of information to auditors
Ead) of the persons who are Trustees at the time when
this Trustees, report is approved has confimied that..
Company law requires the Trustees to prepare financial
statements for each financial year. Under company law
the Trustees must not approve the financial statements
unless they are satisfied that they give a true and frdir
view of the state of affairs of the company and of its
incoming reSoUr￿S and application of reSoUr￿s,
including its income and expenditure, for that peri(KJ.
so far as that Trustee is aware, there is no relevant
audit information of which the charity's auditors are
unaware, and
- that Trustee has taken all the steps that ought to have
b￿n tsken as a Trustee in order to be aware of any
relevant audit information and to establish that the
d)aritys auditors are aware of that information.
In preparing these financial statements, the Trustees are The Tnjstees confirm that they have had regard to the
required to:
Charity Commission's guidance on public benefit in
reporting on the Charity's objectFves and achievements
on pages 3 - 10.
- select suitable accounting poliaes and then apply them
consistently.
observe the methods and principles in the Charities
SORP as revised in 2019.
The reference and administrative detsils on page 38
form part of the Trustees, RerK)rt.
- make judgments and accounting estimates that are
reasonable and prudent,
Independent ExamineTS
The independent examiners, UHY Kent LLP, have
indicated their willingness to continue in offi￿. The
designated Trustees will propose a motion reappointing
the independent examiners at a meeting of the
Trustees.
state whether applicable UK Accounting Standards
have been followed, subjett to any material departures
dlsclosed and explained in the financial statements; and
prepare the financial ststements on the going concem
basis unless it is inappropriate to presume that the
Charity will continue in operation.
Small companies exemption
This report has been prepared in accordan￿ with the
special provisions for small companies under Part 15 of
the Companies Act 2006.
The Trustees are responsible for keeping adequate
accounting records that are sufficient to show and
explain the company's transactions and dI￿105e with
Approved by order of the members of the board of
reasonable accuraLry at any time the financial position of Trustees and signed on their behalf by:
the company and enable them to ensure that the
financial statements comply with the Companies Att
2006. They are also ￿s￿K)nsIble for safeguarding the
assets of the company and hen￿ for taking reasonable
steps for the prevention and detection of fraud and
other irregularities.
Mr Aaron Pang, Chair
The Trust*s are responsible for the maintenance and
integrity of the charitsble company s website. Legislation
Ms. Siobhan Holmes, Treasurer
I E
16

Age UK B￿leY
(A company limited by guarantee)
Independent Examiner's Report
For the year ended 31 March 2024
IDd¢pendent Kxaminer's RepDrt to the Trwtees of Age tIK Bedey ('the Charity,)
I report to the cbarity trustees on my examination of the accounts of tbc ChaTity for the year ended 31 March 2024.
R￿ponSibIlItIeS and Basis of RepDrt
As th¢ tyustees of th¢ Charity (and its directors for the putposes of compaThy law) you r¢sponsibl¢ for the preparation of the accounts
iu wordHllre with the requirements of th¢ CompaThiw Act 2006 Cthe 2006 ACV).
Having satisfied myself that the accounts of the Clwity are not required to be audited under Part 16 of the 2006 Act and are eligible for
independent examinatio￿ I report in respect of t]ry examination of the Clwity's accounts carried out under section 145 of the Charities
AGt 2011 (tth¢ 2011 knt). In ca￿luS Out my Cxamination I have followed the DI￿tionS given by th¢ C]wity Con]mission under section
145(5)(b) of the 2011 Act.
Independeiit Examlner's Statement
Since the Charitys gross income exceeded £250.000 your examiner must be a member of a boty listed in section 145 of the 2011 Act. I
coofimi that I aoj qualified to und¢rt8ke lkn ¢xaTninatson because I am a member of IDstitut¢ of Cbart¢r¢d A￿unt90t5 in En8land and
Wales, whi¢h is one ofthe listed bodi&8.
I have completed my cxarninatio￿ I confirnl that no matters have come to my attention in connection with the examination giving me
cause to believe,.
Accountitig rccords were not k¢pt in respect of the Cbarity &8 required by section 386 of the 2006 AGI" or
the accounts do not &ccord with those )fCOTds: or
the acwunts do not comply with the accounting requirem￿ of sectii)ll 396 of the 2006 Act other than any requirernent th&t the
accounts give a Irue and fairf view which is not a matter considered as part of an independent exaMi￿tio0 or
the ￿counts have not been prepared in ￿￿OrdanGE with th¢ llL¢thods and principles of the Statement of Recommended Practice
for accounting and reporting by charities [applicable to charities preparing their accounts in accordance wtih thc Fit￿Cl
RepDrtiJkg Stallilard applic&bl¢ in tbe UK and Republic of hY]and (FRS 102)].
I h&ve no concems arnd have COTlle acrnss llo other matters in connection with the examination to which attthtion should be drawn ill this
report in order to ¢nable a proper understandin8 of th¢ accounts to be reached.
This report is made solely to the Charitys tlwlees, as a body. in accor(Jan¢e w'ith Part 4 of th¢ Charities (Accounts and Repo￿)
RegulatlOJA5 2008. My work has be¢n undertaken so that I migbt stole to th¢ Cbarity's trust¢es those matters I am required to state to them
in an Indepetsdent &xan)Anefs report and for no otber putpose. To the fullest extent pernlitted by ￿￿. I do not accept or L8siune
reyponsibility to anyone other than the Charity and the Char&ty's tnLStees as a body. for my work OT for this reporL
SigrLed:
Dated: 24 November 2024
A]lall Hicki¢, Bsc FCA
tiHY Hacker Young
Chartered Awountants
Tham￿ House
Roman Square
Sittingbourne
Kent
MEIO 4BJ
Page 17

Age UK B¢xley
(A company limited by guarantee)
Statement oi financial activities (incorporattng income and expenditure accoullt)
For the year ended 31 March 2024
Unr¢strictsd
funds Restricted
2024
TotAI
nds
2024
Total
2024
2023
Income from:
Donations and legacies
Charitable activities
42,734
701.217
3,825
12,856
42.734
865,597
3,825
12,856
45.142
686,340
164.380
Other trading activities
Investments
6,038
Total Ineomu
760,632
164,380
925,012
737,520
Expendilure on:
Raising funds
Ch4rit&bl¢ a￿[VItieS
3.512
636.785
3,512
827,406
2,508
686,866
190.621
Totsl expendlture
640.297
190,621
830,918
689.374
Net Incomel(eipenditurt) before net
gllinsl(losses) on investments
Net Eainsl{losses) on investments
120,335
40,467
{26,241}
94,094
40,467
48,146
(35,550)
Net in¢omel(oxpendlture}
Traosfers between funds
160.802
(21,792)
(26,241)
21,792
134,561
12,596
20
Not movement iti funds
139,010
(4,449)
134.561
12,596
RÈconcilll#tlon of thnd5:
20
Total funds brought forward
Net movfflient in fund5
563,838
139.010
5,204
(4.449)
569.042
134.561
556,446
12,596
Totkl funds txrried fonvard
702,848
755
703.603
569,042
Th¢ Stat¢ment of Fitwicial Activities includes all gains and losses recognIs￿ in the year.
Th¢ not¢5 on pagw 21 to 37 fornl part of th￿¢ flDancial statements.
Page 18

Age UK Bexley
(A company limiled by guarantee)
Registered number: 04244876
Balance sheet
As at 31 March 2024
2024
2023
Note
Fixed *ssets
Tangible &55ets
Investhients
14
60,119
358.917
59,377
318.960
15
419.036
378,337
CuFrent assets
Debtors
Investments
Cash at bank and in halld
16
54.581
12.932
246.568
27.27]
12,678
22J,257
17
314.081
261.206
Creditors.. amounts falling due within one year
18
(29.514)
(70,501)
Net ¢urrent assets
284.567
190. 705
Total net assets
703.603
569,042
alarlty funds
Restricted fi￿dS
20
755
5,204
563,838
Unrestricted funds
2D
702.848
Total. funds
703.603
569, Q42
The Cbarity was entided to exemption from audit under sedion 477 of the Companies Aci 2￿6.
The members have not Tequired the compaoy lo obtain an audit for the year in question in a¢cordanc¢ with section 476 of Cornpanies Act
2006.
The tnL8tces &ckrLowledge their responsibilities for complying with the requirements of the Act with re￿¢t to accounting records and
preparation of financial statements.
The fmjncial statem¢nts have been prepared in accordance vryth th¢ provisions applicable to ¢ntities subject to the sm&U cotnpantes
regime.
The fmancial statements were approvcd and authorised for issue by the tr￿eS 8nd signed on their behalf by,.
A. Pang
(Chair of TTUStees)
S. Holmes
(rreasurer)
Dllt¢: l 8lii/£o 29
The notss on pages 21 to 37 form part of thesc financial statements.
Page 19

Age UK Bexley
(A company limited by guarantee)
Statement of cash liows
Tor the year ended 31 March 2024
2024
2023
Note
Cash flows from operating actlvttles
N¢t cash used itt operating activiti¢s
22
21.643
62,343
Cash flows from InveslinE aetivities
Dividends, interesLs and rents from investnlents
Purchase of tangible fjxed a5s¢ts
Pro¢¢eds frotll sal¢ of invesfments
12,856
(8,836)
64,545
(64,035)
6,038
14
15
50,926
{46, 778)
Purcllase of illvestments
15
Iyet cA&h provided by investlng Actlvitie8
4,530
10,186
Ch&nge In tash llnd casb equlvxlents En the year
26,173
72,529
Cash cash equivalents at th¢ beginning of the year
233,327
160, 798
CAsh and c2gb equivalents at the end of the year
23
259.500
233,327
The notes on pages 2110 37 forni purt of th¢se fJtHicial statements
Page 20

Age UK Bexley
(A company limited by guarantee)
Notes to the financial statejnents
For the year ended 31 March 2024
G¢Der41 iufowmatioll
Age UK Bcxley, the 'Ch￿lty, is & company limited by Euarante4 registered in England ond Wales. Its Tegislered otTice is
Belv¢der¢ CommuDity Centre, Mitchell Cloge, Belvedere. KenL Ertglan(L DA17 6A
Ac¢oMnting pollci
2.1 Basis of preparation of fina#ciAI ststemtnts.
The financial statements have beeu prepared in accordance with the Charities SORP (FRS 11)2) - Acrountillg alld
Reporling by Charities: Statement of Recommended Prncti¢e appIl￿ble to ¢haTitie5 preparing their accounts in accordance
with the FL[L￿CIal Reporting Stat]dard applicable in the LIK and Republic oflreland (FRS 102) (effective I Janu￿ 2022).
the Financial Reporting Standard applicable in the UK and Republic of Ir¢land IFRS 102) and the Companies Act 2006.
Age UK Bexley rneets the defmition of a public bellefit entity under FRS 102. Assets and liabilities are initially recognised
at bistoriG&l cost OT trat)sa¢tion valu¢ unless Otherwi￿ stated ill th¢ r¢levant accouuting poliry.
22 Going tOllt&rn
The Trustees &88ess whether the use of going concern 18 appropriate i.e. whether there are any material uncertainties related
to events or conditions ttMt may cast Si8nificant doubt on th¢ ability of the ChBrity to ¢ontinu¢ as a 8Olll8 concern. The
TTh]ste￿ J)ake thi5 a5￿3$￿ent in reSp￿t of a peri￿J of at lea5É olle year fro￿ the date of auth0ri5ation foT issu¢ of the
fiT)ancial statements. The Trustees are regularly reviewing the business model of the Charity with the Chief Executive
Officer alongside reaching new funding ag￿ements with funding bodies.
maktng their ￿SessIn¢ll( the Trustees bave collsidered the ¢conomi¢ climate both within tbe UK and worldwide, the cost
of living crisis and the Current politi¢al insfability, but still remaiu coJ]fid¢nt that th¢ Charity 15 r¢latiYely protected from
being adversely affecte￿ and substanliai lunds available to the Clwity support this.
In ¢on¢lusion of th¢ above, th¢ Trnstees bavo carefidly considered whetber the Charity rem&ins to be 8 goir¥ concern fjnd
hav¢ concIuded that there is sufficient evidence for them to remain a going concern.
2J fllcomt
All income is recognised once the Charity has entstiement to the incom4 it is probable that the incom¢ will be reGelved and
th¢ amount of iti¢ome r¢ceivable G8n b¢ measured reliably.
Grauts are included in th¢ Statetll¢llt of fJDanGi81 activities on a receivable basis. The balance of income r¢¢¢iv¢d for
specific purposes but not expellded during the period is shown in thc relevant funds on the B￿allCe sheet. Where income is
received in advance of entitlement of TeceipL its recognition is deferred ond Included in creditors as deferr¢d incom¢.
Wher¢ ¢ntitl¢m¢nt ocm before 1Th￿rne is receiv&1 the iDcome is accrued.
Th¢ recogDitioD of inco￿¢ frotll legacie5 is dependent on es￿b￿-bITrg cntitlemenL the probability of receipt and the Ability
to estimate with. sufficient accuracy the amount receivable. Eiidence of entitl¢m¢nt to a legacy exists when the Charity has
sufyicient evidence that a gift has been left to than (through knowledgc of tbe existence of a valid will and the death of the
b¢nefactor) and ihc ex¢cutor is satisfied that thc property in question will not be required to satisfy claims in thc estate.
Receipt of a Icgacy must be recogni￿ when it is probable that it will be r¢ceived and the fair value Df the 8Jnount
receivable, which will generally be the expected ¢a5h a￿oUnt to b¢ distribut￿ to th¢ Charity, can b¢ reliably m¢asured.
Donated facilities are recognised when the Charity has control over the itenL any conditions associated with the donated
itetn have been mel the re¢¢ipt of ¢conornic b¢n¢fit fro]n the of the compatty of the item is probable and thot ¢conoroic
b¢n¢fit fan ￿ measured r¢ltably. On receipt, donated facilitie5 are rccogniscd on the basis of thc vatue of the gift to the
Charity which ts the amount the company would have be¢n willing to pay to obtain services or facilities of equivalent
¢c¢)nornic benefit on tILe open marke¢ a corresponding amount is then recognised in expenditure ITh the period of receipt.
Other income is recognised in the period in whi¢h it is receivabl¢ and io the extent the goods have been provlded or on
completion of the servic¢. The value of services provided by volullt¢¢rs hBs not been includ¢d.iu the f￿¥1)¢1al ststements,
otber as descrtbed in accounting policy 2.4 Expelldittre.
Page 21

Age UK Bexley
(A eo]np3ny limited by guarantee)
Notes to the financlal statements
For the year ended 31 March 2024
Accounting polieies (tontinued)
2.4 L￿pendIture
Bxpelldtture is recogllised once there is a1¢8ai or constsurtive obligation to transts eootsoffjl¢ b¢n¢fit to a third paty. it LS
probable that & trdll5fer of ¢wwnEir benefits will be required in 5dd¢mellt aThd th¢ amount of th¢ obligation rall be
me&8ured reliabty.
Expenditure is recognised once there 15 a legat or constrnctive oblig&tioTh to transfer economic benefit to a third party. it ts
probable that & transfer of economic benefits will be required in settlement md the amount of the obligation call be
¢&sur¢d r¢liabty.
Expendtture on raising funds includes all expellditure incurred by the Chatity to raÉs¢ funds for its charitable purposes and
includes costs of ail fundraising activities events and non-clwitable tradin
Expenditure on ebaritable activities is ill￿vred on direcdy undertaking the actAvities whioh further the Cknitys objectives.
well &8 any assooiated suppon cosL&
All expenditure is in¢lusiv¢ of itrw)v¢rnbl¢ VAT.
Volunteer costs include travellin& training and refreshments at meetity.
2.5 Inter¢st ree*ivAble
Interest on funds h¢ld on d¢poslt is included wben rec¢ivable aryd th¢ arnouTht Gan be me&gured reliably by the Cl]arity,' this
is nonnally upon notification of the illtercst paid or payable by tlke institution with whom the funds are dep051ted.
2.6 Taxmtlon
The Charity is considered to pas5 the tests set out in Pardgrnpb I Schedule 6 of the Finance Act 2010 and therefore it meets
th¢ defu)ition of a ¢kLaritable company for UK coryoration l&x purposes. Accordingly, the Charity is potentially exempt
from taxation in r¢spect of income or capital 8ains received within categories ¢over¢d by Chapter 3 Part 11 of the
Corporation Tax Act 2010 OT Section 256 of th¢ Twtion of Charg¢abl¢ G&ins AGt 1992, to the ¢xtenÈ that sucb inrom¢ or
ins are &pplitd exclusivety to dwitable
2.7 Tangibl• r￿ed assets and deprecAation
Tangible fix¢d assets costing £2,500 or more or¢ ¢&pitalised and r¢¢o8nised wh¢ll futur¢ ￿01}0M1¢ b￿¢fits probabl¢
8J]d the cost OT value (rfth¢ asset can b¢ m¢asured reliably,
Tangible fixed &8sets are ittitially rec(Jgttised at cosL After recogn1tio￿ under the cost model, tangible thxed assets are
nLe¥L8ured at cost less accumulated depreci8tion 8Dd accumulated impairnient lo&ses. All costs iii¢urr¢d to bring a
taiigible fLxed asset into its iThtend¢d working condition should be included iti the M&￿vreMellt of cosL
At each reporting d&t¢ th¢ Charity as5esse5 whether th¢re is any illdication of ittJpairnienL If such indication exists, the
recoverable amount ot the &8set is determined to be the higher of its fair value less costs to sell and its value in use. An
impairniellt loss is ￿COgnised where the ca￿ltiE amoutit excetds the reeoverknle amounL
Pa8e 22

Age UK B¢xley
(A company limited by guarantee)
Notes to the flnanciaI statements
For the y¢2r ended 31 Mareh 2024
Aceollnting policies (continued)
2.7 Tangible fixed aysets and depreciAtion (continued)
Depreciation 15 Gbar8¢d so as to allocate th¢ Gost of taD8ibl¢ loss their residual value over their estimated useful
lives, using the straigELt-liti¢ rnethod.
Depreciation is provided on the following ba￿.
Occupied PTOPCrty improyements
Plant and machin¢ry
Fixtures and fittings
Office equipment
2Yo straight line
- l(P/o straigbt lin¢
25Y• straight line
25•/• straight line
The &8sets' residual value4 usefill lives and deprecL&tion method$ are reviewed. pnd adjusted prospectively if appropriate.
or if there IB an indication of a significant change since the1&8t reporting date.
2.8 Investments
Fix¢d' asset investments are a fonn of financial instnunent and &Te initially r¢coEtLised at their tran&￿10￿ cost Pnd
subsequently measured at fair value at the B￿ance sbeet date. unless the value cannot be ￿e￿ured relthly ill which case it
is measured at cost less impairment Inveslment gains and losse& wh¢ther ￿￿lSea or wtrea]ise(L 8r¢ ¢ombin¢d qnd
ptes¢nted &9 'Gainsl(￿￿s) on investrnonts. An the St*em¢nt of fiDan¢ial activities.
Fair value is determined by the Charitys invesljncot portfolio manager, using the market value of the listed investment
shares at the BLtance sheet date.
Current ￿et investtn¢nts ar¢ those Ativestments held which are expected to b¢ liquidated withio the n¢xl tw¢Lve moLths.
2.9 Finllnf ill instruments
The Chartty only has financial ￿Sets and financial liabilities of a kind that qualify as basic financial ingtrutnents. Basic
fIn￿Cl￿ instrLunents are initially recognised at transaction V￿lle and subsequently meosured at their settlement value with
the exception of bllllk loat]s which are subsequently measured at atnortised cogt u8itLg the effe¢tiv¢ int¢r¢st m¢thod.
2.10 Operatillg leases
Rentals paid under operating leases are cbarged to the Statement of financial activities on a straigbt line basis over the leL8e
tsrm.
2.11 Pen510DS
The Charity op¢rdt¢s a d¢fined rontributioD p￿￿10￿ scheme and the pension Charge T¢pres¢nts the amounts payable by the
Cbarity to the fut￿ in respect of the year.
The ch8rity participates in & multi-employer defined benefit pension scbeme classified as a 'last man standAng'
arngement. The s¢he(n¢ is a d¢fined benefit scheme in the UL whith provi(ks b¢uefits to sojlle several non-associated
participating employers, It 15 llot possible for the Charity to obtaitL sufficient iDforinHtioEL to ellabl¢ it to t￿COunt for the plau
as a defmed benefIt scheme, ittherefore accounts for ttrAe plan as & defined contribution scheme.
The schetne is subject to the funding legislation outlined in the Pensions Act 2004 which cam¢ into fow¢ ot] 30 D¢c¢mber
2005. This. together with documents issued by the Pensions Reguiaior alld Tecbnical Actuari￿ SLiTrdards issued by the
Finaucial Reporting Council, set out th¢ framework forfuudiDg d¢fiJ￿1 ben¢fit occupational pension schemes in the UK.
Page 23

Age UK Be￿¢Y
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
Ac¢fjunting policies (eOlltiDued)
2.12 Fund accountlng
Ge￿¢raI fimds are unrestricted fjjnds wbich are available for use at the discretion of the tnL8ts¢5 in furthelance of the
g¢n¢ral obi¢¢tives of the Charity god which bav¢ not been d¢3igu8ted for other purposes.
Designated fulld5 compTi3e U[￿strI￿ted fiDds that hav¢ be¢ll s¢t aside by the tnthees for particulu purposes. The &im
use of each designated fund is set out in the notes to the financial statements.
ResLricted funds are fi]nds whith ar¢ to b¢ used in accordance with specific ￿striCtionS imposed by donors Dr which bav¢
been raised by the Charity for particular purposes. The costs of raising and adrrtinist¢rin8 suth ￿ndS 8Je charged against
th¢ specific fund. Tbe aim and use of ea¢b restricted fund is set out in the notes to the fi[LaDc1￿ stat¢m¢nts.
Investment income, gatns and losses ar¢ allocated to th¢ appropriate fund.
Criti￿1 AccouutiDg estim¥tss, wumptions and *reA8 of judgment
EstiJnat¢s and jud8tuents are continually evaluated and are based on historical experience and oth¢r factors. includillg
expectatiolls of future events that are believ¢d to be reasonable uDd¢r the Ciwums￿i￿.
Tbe Trustses considerthat there aTe two such $i￿1ficant judgefftertts iMp￿ting on this yeavs financial statements..
Multi4mployer pension $¢hem¢
As detailed in accounting policy 2.11. the Cbarity pgrticipates in & multi.employer defilled benefit scheme. The scheme is
cIL8sified &q a'last-m&n ststLding arrangernenv.
The ¢harAty consid¢rs th¢ scheme to be 8 defined contribution s¢beJne in accordance with FRS 102, due to th¢ inability to obtain
sufticiellt information to identify the charity's slw¢ of underlying a5sws and liabilities. This judgement is made because the
scheme's assets and liabilities are PLh)led and are not attributed to individual employers. If the charity were able to reliably
detcrniinc Its share of the scheme's ￿Sets and liabilities a def]ned benefit accounting approach would be adopted.
Th¢ Clwity has nDt been made aware of any withdrawal from the scheme by other participating ewloyers aThd so no provision
as b¢en in tlwe a¢GouDts for any liabilities cOnn￿red to the pension scheme.
Le¥se contingent liability
As disclosed in note 25 thcrc 15 a contingent liability in respcct of po&sible backdated rwt payments that may be due on the
Charity's leased property. The tn￿¢¢5 have used their judgement to conclude that the criteria required to provide for the liability
bave not been meL
Page 24

Age UK Bexlcy
(A company Limited by guarantee)
Notes to the financial ylatements
For the year ended 31 March 2024
Income from donations and legacies
Unrestrictsd
funds
2024
Total
fonds
2024
Total
futh
2023
Donations
Donated faci]ities
Donations
27,130
15,604
27,130
15,604
26,136
19,006
42,734
42,734
45, 142
Analysis of2023 byfynd
45,142
45,142
Dotlated facilities in¢lud¢ th¢ value for r¢nt fre¢ premises operated from during th¢ y¢ar.
Income from ehariknble actiy[ti￿ by of illcome
Unre3trict¢d
funds
Rutricted
fund8
2024
Total
funds
2024
Total
2024
2023
Contract income
131,726
191,670
327.744
31.798
18.279
131,726
356,050
327.744
31,798
18,279
73,460
319,738
256.212
28.616
8,314
Gr￿t income
Day centr¢ incom¢
Nail clipping income
Other incorne
164,380
701.217
164,380
865,597
686.340
Analysis of2023 byfvnd
558,478
127.862
686.340
Income from other tradlng activities
Income from fundraising events
UDre5trieled
funds
2024
Totsl
nds
2024
Total
fyI￿S
2023
Fundraising
3,825
3,825
Page 25

Age UK Bexley
(A ¢omp4ny limited by guarantee)
Notes to the finallclal statements
For the year ended 31 Mareh 2024
Inv¢stment iD¢orne
UnreJtrict¢d
funds
2024
Total
runds
2024
Total
2023
Local listed investmeiits
9.216
1,288
2352
9.216
1,288
2,352
4,427
1,252
359
Foreign listed inveslments
Bgnk intrrest
12.856
12.856
6,038
ApJalyuts of2023 tyfvnd
6,038
6,038
Investffl¢nt managetnent Costs
Unregtricted
nds
2024
Totsl
funds
2024
Total
fi￿dS
2023
Investment matmgement fees
3.512
3.512
2,508
Artalysls of2023 tyfvnd
2,508
2,508
Analysis of expenditure un charitable *etivitle8
Summary by fund type
Unrestrlete4]
fDnds
2024
RestrSrted
fiinds
2024
Total
2024
Total
2023
Relief of elderly people in md around London Borough
oIBexiey
636,785
190.621
827,406
686,866
Analyjis of2023 byfund
548,556
138,310
686,866
Page 26

Age UK Bexley
(A company lijnited by guarantee)
Notes to the financial Statements
For the year ended 31 March 2024
io.
Analysis expenditure by A¢tivities
Actiyities
nllderlaken
direetty Support togts
2024
2024
Totsl
funds
2024
Total
fvnds
2023
Relief of elderly people in around London Borou8
of Bexley
676.566
150.840
827,4Q6
686,866
Apk7tyNls of2023
535,528
151,338
686,866
An*ly8is ofdirect eosts
Total
funds
2024
Total
2023
Staff costs
636.026
7,090
l.467
31.983
507,080
5,111
598
Staff and agency costs
Volunteer costs
Materials ond activities
22. 739
676.566
535,528
Analysis of support costs
Total
funds
2024
Total
2023
Depreciation
Maintenance of premises
Reut and hirc
Other premises costs
Technology costs
Legal and profession
GovwDallce costs
Oth¢r costs
8,094
762
7,887
1,407
44, 753
17.226
10,286
25, 740
7,020
37.019
65,135
21,052
8,082
4,380
43,335
150,840
151,338
Page 27

Age UK Bexley
(A Company li]nited by guarantee)
Notes to the financial stat¢ments
For the year ended 31 March 2024
ii.
IndepeDdent eilminer's r¢muTheration
The independent examinerfs remutteration amounts to ￿ independent eX￿iner fee of £3.630. The f]nenGial statements w¢r¢
audited in the prior year. alld the auditoes remuneration was £7.020.
12.
Staff ¢osts
2024
2023
Wages and salaries
Social secwity costs
Pension costs
563,392
45,091
27,543
453. 725
32.166
21,189
636.026
507,080
The avernge number of p¢rsons employed by th¢ Clwity duTing the Y￿ as follows..
2Q24
No.
2023
Contracted staff
Bank staff
24
19
33
24
The average headcount expr￿ed ￿ full-time e(tuivalents WLS:
2024
2023
Contracted staff
17
15
Bank staff
19
J6
No employ¢¢ T￿¢(Ved remunerntion amounting to more than £60.iKKI in either year.
The key N￿lageMent personnel of the charity comprises the Chief Executive Officer and the Senior Management Team. The
total aggregate arnount ot employee benefiTS (including employer pension contributions Bnd eJDploy¢r aational iDsurdnce
contributii)ns) rec¢iv¢d by key nanagetnent p¢rsonnel for their s¢rYices to the ¢lMrity wa5 £109,103 {2023.. £118.177).
13.
Trustee5' remuneration and ¢xp¢nses
During the year. no trustees received any remuneration or other Fthefits (2023- £NIL).
During the year ended 31 Marcb 2024. no trustee expenses have been incurred (2023- £NIL).
Page 28

Age UK Bexiey
(A company limited by guarantee)
Notes to the fInaneial ststements
For the year ¢nd¢d 31 March 2024
14.
Tangible fixed assets
O¢cupied
property
improvements
Plant and
achinery
Fixtur¢5
fittlngs
Office
eqxipment
Totsl
Cost
At l April 2023
Additions
26.426
2254
38,500
3,510
4,287
1.528
18.988
1.544
88,201
8,836
At 31 March 2024
28.680
42,010
5.815
20.532
97.037
Depreciatio
At l April 2023
ch￿ge for th¢ yeaT
1.195
547
11.397
1.575
2.947
1,143
13.285
4.829
28.824
8.094
At 31 M4￿h 2024
1.742
12.972
4,090
18.114
36,918
N¢t book volu¢
At 31 March 2024
26938
29,038
1.725
2,418
60,119
Ai 31 March 2023
25.231
27.103
1,340
5, 703
59,377
15.
Fixed &￿et investments
Lbted
inves¢ments
Valuation
At l April 2023
Additions
DisposaIs
Revaluations
318,960
64,035
{66,006}
41.928
At 31 Match 2024
358,917
Page 29

Age UK Bexley
{A Company limited by guarantee)
Not¢s to the financlal statements
For the year ended 31 Mareh 2024
16.
Dobtors
2024
2023
Due within one year
Trade debtors
54.161
25, 748
182
1.341
Other debtors
Prep&yments and accrued income
420
54,581
27,271
17.
Curr¢nt asjet investments
2024
2023
Unlist¢d investments (liquid)
12.932
12,678
A8.
Cr¢ditDrs: AmDunts falling due within one yexr
2024
2023
Bank overdratL8
608
2.936
49,868
69
Trade creditors
Other tsxation and social security
Other creditors
14.215
11.099
AccNals and def¢tr¢d inwrne
4,200
17,020
29.514
70.501
2024
2023
Deftrred income at l April 2023
Resources deferred during the year
Atnounts released from previous periods
10,000
41,600
io,000
(41.600)
(10.000)
10,000
Deferred income at 31 March 2023 related to opergtional grant fLmdiDg received in advattce.
Page 30

Age UK Bexley
(A eompany limited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
19.
Finan¢ial instruments
2024
2023
FinanciAI Assets
Financial assets measured at fair value through income and expenditure
259.500
235,935
Financial ￿ets me&sllred at fair value th)DUEb income and ￿penditllre comprise tnvestments and C&sh at bank and in haud.
Page31

Age UK Bexley
(A company limited by guarantee)
NoÉcs to the fiThancial statements
For the ye¥dr ended 31 March 2024
20.
StA¢ernent of funds
Statement of funds- current y¢ar
BalAnee at I
Aprij 2023
Trattsfers
illlout
GaiDsI Bal4nee at 31
(Losses)
Mareb 2024
kn¢oMe
Expenditure
Unrestricted fund5
Designatsd funds
Staff contingency
Disputed Rent
50.000
24.411
50,000
24,411
74,411
74,411
General
G¢n¢ral FuDds
Fixed ass¢t fund
430.050
59,377
700.032
(632,203)
(8.094)
(30.628)
8.836
40,467
568,318
60,119
489.427
760,632
(640.297)
(21.792)
40.467
628,437
Totsl Unrejtrieted
563.838
760.632
(640.297)
(21,792)
40,467
702.848
Re5trieted funds
erccr
49200
10,455
(58,728)
(24.445)
(1.096)
(40,121)
(762)
{1516)
(7.000)
(12.385)
(1.262)
(5,487)
(2,800)
(3.595)
(1838)
9.528
13.990
MtS-CBT
Grnundworks
1.096
Handy Person
Tai ￿1
National Lottery
William Kendall
40,000
1.850
121
(333)
15
755
2.501
1.333
5.667
Cost of Living-NL
Wlnt¢r Health
Emanuel Hospital
Cafe's National Grid
12.382
1,000
9,375
i 1,000
3.000
3.000
262
274
(4.162)
(8,200)
595
LolldoEL Catalyst
LCY Community
rAllS-National
Lottery
(162)
23.118
(27.586)
4.468
5,204
164,380
(190,621)
21.792
755
Tothl of funds
569,042
925.012
(830.918)
40,467
703.603
Page 32

Age UK Bexiey
(A company limited by guarantee)
1¥4otes to the fjnanclal statements
For the year ended 31 March 2024
20.
Statement of fund5 (continu¢d)
Statemollt of funds - prior year
Balunce at
l April 2022
Gains/
Bal(mce at
(Losses) 31 March 2023
tnconte
Fupepdltsffe Tranrfers Iv/our
Unrestricted fund8
D¢sigll4ted fullds
Staff Gontiogen
Dlsputed Rent
50.000
24,41]
50.000
24,41]
74.41J
74,411
General funds
G¢Theral Funds
Fixed asset fimd
399.858
67,264
609.658
(543,177)
(7,887)
(739)
(35,550)
430,050
59,377
467,J22
609.658
1551.064)
(73S))
(35,550)
489,427
Total Unrestrlcted
funds
541.533
609.658
(551.064)
(739)
(35,550)
563,838
Restricted fund
Mercer
45,64Q
(48.258)
2.618
,57J)
754
MIS-CBT
8,571
835
Groundworks
Handy Person
Tai Chi
1,096
43.568
1.030
6.449
2,000
{1,589)
(48,918)
(1,030)
(3,945)
(667)
(5,507)
(2,588)
(2,851)
(900)
Q2,054)
1.096
5.350
National Lottgry
willia￿ Kendall
Cost of Living-NL
Winter Health
2.501
1,333
5,507
2.0(10
3.J25
588
Emanuel Hospital
Cate's National Grid
London Catslyst
274
22,054
14.913
127.862
(138.310)
739
5,204
Total of funds
556.446
737.520
(689,374)
(35,550)
569,042
Page 33

Age UK Bexley
(A company limited by guarantee)
Note5 to the finaneial statements
For the year ended 31 March 2024
20.
Ststement of funds (continued)
Purposts of Re3trictsd funds
The grant makas bave specified that the fimds we used for the following purposes:
M8rcer. to provide futidin8 for the Bexlcy Befriending Cafe's, projecL The f[￿Y spent dwing tbe year
Men in Sheds: to cover the salary of a fjjll tlme project worker and n]nninE costs.The fund Wds fiilly spent duTillg the year
Groundworks: to provide fimding for the 'Active Living- Walking Cafe Proj¢d.The fLmd was fully sp¥nt during the ycHr
H(thdy Penon; Th¢ Ag¢ UK C05t of Living fimd w covers start up costs for the Handyperson Service and tbe Belvedere Day
Centre. The fiuld w&8 fully spent durlng the year.
Tal Chl: to provide and improve overall fit￿￿S & bai4nG¢.
Naltonal Lottery: this grdnt from National Lottery Awards for All PD)vided funding for Rosemary Café for old¢r p¢opl¢ with
Dem¢nli& The ￿lld was fully spent thring the year.
WUll(4m KeAdAU.' to provid¢ funding for th¢ developm¢nt of digital pmjects. The fulld w&8 fully 5tKnt iu th¢ year,
C05t of Living-N¢thonal Lollery: Provides fill￿]llg for our Welfare Benefits Advice service. TILe fund was fvlly spent in the
year
WIAier Healih: to proYid¢ funding for Winfrr Health including Digital Dro￿101cafè (Active Living). Th¢ fijnd was fully spent
in the year.
EmanuelHospllol: provides fLUkding for our Welfare Benefits Advice service.The fund was Aljlly spent iti the year.
Crfe'&Natlond Grid: to provide fundin8 for the B¢xley BefriendAn8 Cafe's, projecL The fi￿d was fully spent during the year
London Catalys£/LCY CoMuHunlty". to provid¢ fimding for the Wexley Befriending Cafe'l projecL The funds were )1￿Y spent
during the year.
Men In Sheds - N+thoMalLrtiey". to provide fundin8 towards th¢ Rosmary Cafe for one y¢llr, The funds were fully sperLt dwing
the year.
21.
Analysls of net Assets bttiyetn funds
ADatysA8 of net assets between fuDd5- eurrent period
Ullrestricted
funds
2024
R¢stricted
funds
2024
Tothl
2024
Tangible fjx¢d assets
Fixed gss¢t inv¢stmeuts
Current a&sets
60.119
358,917
313.326
(29.514)
60,119
358,917
314,081
(29.514)
755
Creditors due within one year
Totsl
702.848
755
703,603
Page 34

Age UK Bexley
(A company limited by guarantee)
Notes to the fmancial statements
For the year ended 31 March 2024
21.
Analysis of ll¢t assets behveeD funds (eontlnued)
ArtAIysts of net assets betweeD fvMd8- prior periDd
UnrestrKtgd
Total
Restrictedfundg
2023
2023
2023
Tollgible fixed assets
Fixed asset investments
59.377
318.960
256,002
(70,501)
59,377
318,960
261,206
f/O,501)
Cllrr￿t a&sets
Cr¢dilors du¢ withtn Ime year
5,204
Total
563.838
5,204
569,042
22.
Reeonciliation of ttet movement ID fullds to n¢t flow fro￿ operatlog activltle4
2024
2023
Net incom¢ for the period (as per Statement of Finaticial Activitie5)
134,561
12.596
AdJustments for:
DepTeciation charg
Gaittsl(Ios5¢8) on investments
Dividends, interests and rents from investments
Decreasd(incrwe) tn debtors
DecreasE in creditor5
8,094
(40.467)
{11856)
(27,310)
(40,379)
7,888
35,550
(6,038)
23,227
(JO,880)
Net Cash provlded by operating activities
21.643
62,343
Analysls ofeash and ￿$h equivalents
2024
2023
Cash in hond
Cash investments
Ov¢rdraft facility repayable on demand
246.568
12,932
221,257
12,678
(608)
Total ea$h and e*$h equivalents
259.500
233,327
Page 35

Age iJK Bexley
(A company Ilmited by guarantee)
Notes to the financial statements
For the year ended 31 March 2024
24.
Analysls of changes in net debt
At l April
2023
At 31 Mar¢h
21)24
Cash flows
Cash at bank a)]d in Iwid
221,257
{608)
12.678
25,311
608
246.568
Bank overdrafts Tepayable on deD]wJd
Liquid investments
254
E2,932
233.327
26,173
259,500
25.
Contingent liabilities
The Cbarity was &nfornied June 2018 that its landlord would b¢ expectiog paym¢ttt of reuts on its leag¢d propety ba¢kdat¢d to
2014. The Chwity had historic writtell atld verbal ¢vidence illdicatillg that any rents pertaining to its occupation of this prop¢rty
would be deducted and cross charged at soutte.
A o¢w a8r¢em¢nt w&8 elltered ittto from 2018 until July 2020 when tbe Charity vacated the propety and moved into new offices.
The new agreement and rorrespondence iv(th the landlord stated rent would be d¢du¢td at sourc¢ but was never tsk¢n and tkn¢
18mdlord has not responded to the Chgrity's solicitors cowndence, and closed the case.
Having considered the Charity's obligation4 probability of a settlement and reliability of calculatiort of a liability. the Charity has
¢oo¢lud¢d these criteria can llot be sufficiently meL and have not provided for any liability. At the time of signitig the fitthn¢ial
statements, th¢ Charity continues to wrrespond with th¢ landlord in &n attemptto resolY¢ th¢ dispute.
The Charity h&q created a separete designated fi￿d for the disputed rent amoulll should tbe matter not conclude in the CILarity's
favour in the near future.
26.
Pension commitments
The Charity operates a defjned ¢olltributiou pension scheme. The assets of th¢ schem¢ ar¢ held separ&frly from those of th¢ group
in atk Andepcndently Ldministered fund. ContributioTr8 tolalling £Nil {2023.' £Nil) were payable to the fund at the balance sheet
date and are included in other ￿edItor&
The Charity is a memb¢r of a mulii-¢mployer scheme, as detailed ID ac￿U￿ting policy 2.11.
A full Rctuarial v8Juation for the scheme was catried out at 30 Septernber 2020. This valuation showed assets Df £800.3
liabilities ot £83 1.9m and a deficit of £31.6m. To eliminate this fundtng shortE811. the Trustee I￿S xsked tbe participating
employers to pay additional contributions to the scheme as follows:
Deflcit contributions:
From l April 2022 to 31 January 2025:
£3,311000 per annutn
Unl¢8s a ¢QJAcession ba5 be￿ agreed with the Tru8tee, the term to 31 January 2025 applies.
The scheme's previous valuation was ¢￿Ti¢d out with on Bff￿tiVe dat¢ of 30 S¢ptemb¢r 2017. This valuation Showed a85¢ts of
£794.9m, liabilities of £926.4rn deficit of £131.5m. To eliminate this funding shortfalL the Trustee has asked the
participating employers to pay additional contributions ￿ the scheme as follows:
DefJ¢it contributions:
From l April 2019 to 30 September 2025:
£11243.000
The re¢overy pLMn contributio￿% are allocated to e8ch porticipating etnployer in line with thetr estimated share of tbe Series l and
Series 2 scheme liabilities.
Page 36

Ag¢ UK Bexley
(A company limited by guarantee)
Notes to the fInancial stat¢ments
For the year ellded 31 March 2024
26.
Ptnsioll commitments (continued)
Where the scheme is deficit and ivbere the Charity has agrecd to a deficit fundillg rngement the Charity would recognise a
liability for the obligation. Th¢ 8Jnount recognised would be the net Present value of the deficit redurtion contributiolls payable
under the agreement that rel&tes to the defioit, The pr¢s¢nt value would be caJcul&ted using the discount ratc of 5.3111/0 (2023..
5.52Y). The unwkttding of the diSco￿At rate would be recognised & finance Gost. The Clwity's share of the obligation under lh¢
recovery pian referred to abov¢ ￿ at 31 March 2024 b&s been valued at£119 (2023.. Q55).
27.
Operating Itase eommitments
At 31 March 2024 th¢ Charity had commtlm¢Dts to make Minimum lease payments under n0Th-Can￿lIable operating
l¢as¢s ￿ follows-.
2024
2023
Not later tlwi l year
Later tlwi l ye8r and not l&t¢r tlwi 5 years
7,320
8,640
13,661
15,960
15,960
29,621
28.
Memberj, Ilability
Each member of the cbaritsble company undertak&s to contribute to the wets of the company in th¢ ￿ellt of it being wound up
while helshe is a rnemb¢r, or vlithin one >rar aft¢r helshe ceases to be a member. such amount ￿ may be required, not excceding
£1 for th6 debts and liabilities contracted before he/she ceases to be a member.
Page 37

Reference and administrative
details
Trustees
A. Pang, Chair
L. Cashin
M. Hamilton
S. Holmes, T￿aSurer
A. Johnson (appointed 2 May 2023)
B. Kozlowicz
T. Ma￿Y {resigned 9 June 2023)
C. Pellicci (appointed 30 January 2024)
T. Shah
L. Weymouth
Independent examlners
UHY Kent LLP Va UHY Hacker Young
Chartered Accountants
ststutory Auditors
Thames House
Roman Square
Sitttngboume
Kent
MEIO 4BJ
Bankers
Bardays Bank plc
6 Market Pla
Bexleyheath
Kent
DA6 7DY
President
Mayor of Bexley
Company reglstered number
04244876
Charity registered number
1088399
Registered offi
Belvedere Community Centre
Mitchel Close
Belvedere
Kent
DA17 6AA
Company secretsry
A. Baker
Chief executive officer
A. Baker
Senlor manager
A. Bygrave, Care Servi￿5 Manager/Operations Manager
The Trustees pre*nt their annual rewrt together with the financial statements of the company for the year l April
2023 to 31 March 2024. The Annual rep)rt serves the pU￿>seS of both a Trustees, report and a Directors, report
under Company Law. The Trustees confirm that the annual report and financial statements of the charitable
company comply with the current statutory requirements, the requirements of the charitable company's governing
document and the provisons of the Ststement of Recommended praCkn￿ (SORP) revised 2019 applicable to
charities preparing their accounts in accordan￿ with the Finanaal RepK)rting Stsndard applicable in the UK and
Republic of Ireland (FRS 102).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of
medium and large companies under the Companies Att 2006 (Strategic Report and Directors, Report) Regulations
2013 has been omitted. Given the current economic dimate and rising audit costs as a result of increased audit
regulation, the Trustees carefully considered the needs of the charity and made a decision to have an independent
examination of the annual report and financial statements, moving away from the statutory audit performed in
p￿VIouS years. A full tender process was conducted to app(Mnt our independent examiners.
38