2023-12-31-accounts

Company registration number: 04394760 Charity registration number: 1093512

Age UK Hereford and Localities

(A company limited by guarantee)

Annual Report and Financial Statements

for the period from 1 April 2023 to 31 December 2023

Young & Co

Chartered Accountants and Registered Auditors St Ethelbert House Ryelands Street Hereford HR4 0LA

Age UK Hereford and Localities

Contents

Contents
Reference and Administrative Details	1
Trustees Report	2 to 10
Independent Examiner's Report	11
Statement of Financial Activities 12 to 13
Balance Sheet	14
Notes to the Financial Statements 15 to 28

Age UK Hereford and Localities

Reference and Administrative Details

Chairman

Mr D Hunt Trustees Mr D Hunt Mr A R Auer Mr D Wheatley Mrs J Hilditch

Principal Office

Unit 10 Northern Lights Business Park Clinton Road Leominster Herefordshire HR6 0SW

Registered Office

Unit 10 Northern Lights Business Park Clinton Road Leominster Herefordshire HR6 0SW The charity is incorporated in England and Wales.

Company Registration Number 04394760 Charity Registration Number 1093512

Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Page 1

Independent Examiner

Young & Co Chartered Accountants and Registered Auditors St Ethelbert House Ryelands Street Hereford HR4 0LA

Page 1

Age UK Hereford and Localities

Trustee Report

The Trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the period ended 31 December 2023.

Trustees

Mr D Hunt, Chair (Appointed as Chair 3 June 2021 and as Trustee 1 January 2017)

Mr A R Auer (Appointed 12 February 2021)

Ms K Morum (Resigned 3 January 2023)

Mrs J Steels (Resigned 21 February 2023)

Mr B Khumalo (Resigned 3 January 2023)

Mr D Wheatley (Appointed 2 December 2022)

Mrs J P Hilditch (Appointed 14 April 2023)

We thank our outgoing Trustees for their long and dedicated service to the charity and wish them well for the future. We also welcome our new Trustees to the board and look forward to working with them and to their contributions to the charity.

Objectives and activities

Objects and aims

• To provide services, support and assistance to older people, their families and carers, which will enable them to lead healthy, fulfilling, comfortable and independent lives for as long as possible, within their own homes and remain part of their community.

• To provide support which will help people through difficult times, addressing poverty and deprivation as well as health and wellbeing issues experienced in later life.

• To reduce loneliness and isolation by supporting people to reconnect with their community and for those individuals who are unable to do so, provide companionship and emotional support.

• To take a holistic, person centred approach which will better meet the needs of older people. This is particularly important when people are faced with making lifestyle changes due to illness, change in circumstances, following a bereavement or deterioration in health.

Public benefit

Age UK Hereford and Localities Limited's charitable purpose is enshrined in its objectives and delivers public benefit through the work it performs in delivering these objectives. The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 2

Age UK Hereford and Localities

Trustee Report

Structure, governance and management

Nature of governing document

Age UK Hereford and Localities is a company limited by guarantee and is governed by its Memorandum and Articles of Association. It was incorporated under the name of Age Concern Leominster and District on 14 March 2002, and changed its name to Age Concern Hereford and Localities on 15 July 2010 following a section 64 agreement (a change of area of benefit). Its name then changed again to Age UK Hereford and Localities on 24 July 2013 following a change of name for the national charity.

Age UK Hereford and Localities is a local independent charity, a member of the Age England Association, a Brand Partner of Age UK. It is registered as a charity with the Charity Commission.

Recruitment and appointment of Trustees

The Directors of the company are also charity Trustees for the purpose of charity law. The Memorandum and Articles of Association state that Trustees are elected to serve for an initial period of two years and may be reappointed for a further term of three years. The Trustees may appoint a Chair for a term not exceeding five years. The Trustees may extend the term of the incumbent Chair by an additional two years.

Induction and training of Trustees

New Trustees are required to familiarise themselves on their legal obligations under charity and company law as well as providing a broad picture of the activities of the charity and its policies and procedures. This is done with reference to the Charity Commission publication “CC3 - The essential Trustee: what you need to know what you need to do”, and our internal policy “Trustee Role Description”. DBS checks are carried out on Trustees.

The organisation aims to have an annual away day for Trustees and the Chief Executive Officer to review the strategic direction of the organisation. Trustees have the opportunity to visit all activities organised by the charity and meet older people who use the services we provide.

Trustees receive papers for meetings electronically which ensures that they have access to the latest version of all documentation. These documents are kept in the charity’s secure file server. Trustees will also receive any relevant communication from Age UK at a national and regional level.

Chief Executive Officer, Susan Mosley, joined the charity in September 2021. Her remuneration was set by the Board.

Organisational structure

The board meets at least four times a year. The board has an investment subcommittee. Other groups focusing on specific areas are convened as and when required and report to all Trustees at full board meetings. The Trustees have overall responsibility for ensuring that the charity has systems of internal controls in place across the organisation. These are designed to provide reasonable but not absolute assurance against material misstatement or loss. Internal control processes include policies and procedures for managing finances, risk, and employment. The Trustees produce the strategic objectives with their short term and long term goals. The Trustees approve the budgets annually and they receive regular financial reports.

The Chief Executive Officer has delegated responsibility for day to day management and decision-making as appropriate. She retains responsibility for ensuring that the charity delivers the services specified, for staff supervision and appraisals, and for ensuring that the staff team continue to develop their skills and working practices in line with good practice.

Report from the Chief Executive Officer and Treasurer for Year to 31 December 2023

During the year the Trustees and Executive have been working towards a merger with Age UK Worcester & Malvern Hills, this merger was completed on 31st December 2023 at which stage the remaining Assets of the Charity were transferred to Age Uk Worcester, Malvern Hills & Hereford Localities.

Page 10

Age UK Hereford and Localities

Trustee Report

Statement of Trustee responsibilities

The Trustees (who are also the directors of Age UK Hereford and Localities for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the Trustees to prepare financial statements for each financial period. Under company law the Trustee must not approve the financial statements unless they are satisfied that they 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 its income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and

• 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 that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the Trustees of the charity on 26 June 2025 and signed on its behalf by:

David Hunt

David Hunt (Jun 27, 2025 07:22 GMT+1) .........................................

Mr D Hunt Chairman and Trustee

Page 10

Age UK Hereford and Localities

Independent Examiner's Report to the Trustees of Age UK Hereford and Localities ('the

Company')

I report to the charity Trustees on my examination of the accounts of the Company for the period ended 31 December 2023.

Responsibilities and basis of report

As the charity’s Trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since Age UK Hereford and Localities's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of Age UK Hereford and Localities as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... Graham John BSc FCA Young & Co Chartered Accountants and Registered Auditors

St Ethelbert House Ryelands Street Hereford HR4 0LA

Jun 27, 2025 Date:.............................

Page 11

Age UK Hereford and Localities

Statement of Financial Activities for the Period from 1 April 2023 to 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

(Including Income and Expenditure Account and Statement Losses)	of Total Recognised Gains and
	Unrestricted Total
	funds 2023
Note	£ £
Income and Endowments from:
Grants, Donations and Legacies 3	346,529 346,529
Investment income 4	5,880 5,880
Other income 5	18,078 18,078
Total income
	370,487 370,487
Expenditure on:
Charitable activities 6	(552,753) (552,753)
Other expenditure 7	(1,399) (1,399)
Total expenditure
	(554,152) (554,152)
Net expenditure
	(183,665) (183,665)
Net movement in funds
	(183,665) (183,665)
Reconciliation of funds
Total funds brought forward
	183,665 183,665
Total funds carried forward 19
	0 0

The notes on pages 15 to 28 form an integral part of these financial statements. Page 12

Age UK Hereford and Localities

Statement of Financial Activities for the Period from 1 April 2023 to 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

(Including Income and Expenditure Account and Statement Losses)	of Total Recognised Gains and
	Unrestricted Total
	funds 31 March 2023
Note	£ £
Income and Endowments from:
Grants, Donations and Legacies 3	198,395 198,395
Investment income 4	8,572 8,572
Other income 5	23,713 23,713
Total income
	230,680 230,680
Expenditure on:
Charitable activities 6	(335,118) (335,118)
Other expenditure 7	(463) (463)
Total expenditure
	(335,581) (335,581)
Net expenditure
	(104,901) (104,901)
Net movement in funds
	(104,901) (104,901)
Reconciliation of funds
Total funds brought forward
	288,566 288,566
Total funds carried forward 19
	183,665 183,665

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 19.

The notes on pages 15 to 28 form an integral part of these financial statements. Page 13

Age UK Hereford and Localities

(Registration number: 04394760) Balance Sheet as at 31 December 2023

Balance Sheet as at 31 December	2023
	2023	31 March 2023
Note	£	£
Fixed assets
Intangible assets 14		- 2,779
Current assets
Debtors 16		- 4,237
Cash at bank and in hand 17		- 234,901
		- 239,138
Creditors: Amounts falling due within oneyear 18
		- (58,252)
Net current(liabilities)/assets
		- 180,886
Net(liabilities)/assets
		- 183,665
Funds of the charity:
Unrestricted income funds
Unrestricted funds		- 183,665
Total funds 19
		- 183,665

For the financial period ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the charity to obtain an audit of its accounts for the period in question in accordance with section 476; and

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The financial statements on pages 12 to 28 were approved by the Trustee, and authorised for issue on 26 June 2025 and signed on their behalf by:

David Hunt

David Hunt (Jun 27, 2025 07:22 GMT+1) ......................................... Mr D Hunt Chairman and Trustee

The notes on pages 15 to 28 form an integral part of these financial statements. Page 14

Age UK Hereford and Localities

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023

1 Charity status

The charity is a charity limited by guarantee and consequently does not have share capital. Each of the Trustee is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

The address of its registered office is: Unit 10 Northern Lights Business Park Clinton Road Leominster Herefordshire HR6 0SW

The principal place of business is: Unit 10 Northern Lights Business Park Clinton Road Leominster Herefordshire HR6 0SW

The financial statements were authorised for issue by the Trustees on 26 June 2025.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Age UK Hereford and Localities meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Page 15

Age UK Hereford and Localities

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Legacy gifts are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.

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 periods; or

• The donor has imposed conditions which must be met before the charity has unconditional entitlement.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the Charity’s compliance with constitutional and statutory requirements, including independent review, strategic management and Trustee’s meetings and reimbursed expenses.

Page 16

Age UK Hereford and Localities

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Intangible assets

Intangible assets are stated in the Balance Sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Computer software

Amortisation method and rate 10% of cost per annum

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Plant and machinery 25% Straight line basis Fixtures and fittings 15% Straight line basis Computer equipment 33% Straight line basis Motor vehicles 15% Straight line basis

Page 17

Age UK Hereford and Localities

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the Trustee discretion in furtherance of the objectives of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the Trustees.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Page 18

Age UK Hereford and Localities

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

3 Income from grants, donations and legacies

3 Income from grants, donations and legacies
	Unrestricted
	funds Total
	General 2023
	£ £
Donations and legacies;
Donations from individuals	8,851 8,851
Gift aid reclaimed	959 959
Grants, including capital grants;
Grants from other charities	336,719 336,719
	346,529 346,529
	Unrestricted
	funds Total
	General 31 March 2023
	£ £
Donations and legacies;
Donations from individuals	4,670 4,670
Legacies	10,000 10,000
Grants, including capital grants;
Grants from other charities	183,725 183,725
	198,395 198,395

Page 19

Age UK Hereford and Localities

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023

4 Investment income

4 Investment income
	Unrestricted
	funds Total
	General 2023
	£ £
Interest receivable and similar income;
Interest receivable on bank deposits	1,468 1,468
Income from rents	4,412 4,412
	5,880 5,880
	Unrestricted
	funds Total
	General 31 March 2023
	£ £
Interest receivable and similar income;
Interest receivable on bank deposits	140 140
Other income from fixed asset investments	1,022 1,022
Income from rents	7,410 7,410
	8,572 8,572
5 Other income
	Unrestricted
	funds Total
	General 2023
	£ £
Charges for services	18,078 18,078
	Unrestricted
	funds Total
	General 31 March 2023
	£ £
Charges for services	23,713 23,713

Page 20

Age UK Hereford and Localities

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023

6 Expenditure on charitable activities

6 Expenditure on charitable activities
	Unrestricted
	funds Total
	General 2023
Note	£ £
Charitable donation to AgeUK Worcester & Malvern Hills	258,545 258,545
Staff costs	177,238 177,238
Allocated support costs 8	116,970 116,970
Governance costs 8	- -
	552,753 552,753
	Unrestricted
	funds Total
	General 31 March 2023
Note	£ £
Staff costs	210,564 210,564
Allocated support costs 8	121,506 121,506
Governance costs 8	3,048 3,048
	335,118 335,118

7 Other expenditure

7 Other expenditure
	Unrestricted
	funds Total
	General 2023
Note	£ £
Depreciation, amortisation and other similar costs	1,399 1,399
	1,399 1,399
	Unrestricted
	funds Total
	General 31 March 2023
Note	£ £
Depreciation, amortisation and other similar costs	1,399 1,399
	1,399 1,399

Page 21

Age UK Hereford and Localities

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023

8 Analysis of governance and support costs

Basis of allocation

Reference Method of allocation

Support costs are all allocated to charitable activities with the exception of the A Independent Examiners' fees.

Governance costs

	Unrestricted funds	Total
	General	funds
	£	£
Total forperiod ended 31 December 2023	-	-
Total for period ended 31 March 2023	3,048	3,048
9 Net incoming/outgoing resources
Net outgoing resources for the period include:
	2023	31 March 2023
	£	£
Depreciation of fixed assets	1,399	463

10 Trustee remuneration and expenses

During the period the charity made the following transactions with Trustee: Mr D Hunt £Nil (2023: £71) of expenses were reimbursed to Mr D Hunt during the period. No Trustees have received any other benefits from the charity during the year.

Page 22

Age UK Hereford and Localities

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023

11 Staff costs

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
	2023 31 March 2023
	£ £
Staff costs during the period were:
Wages and salaries	161,686 194,669
Social security costs	7,232 6,655
Pension costs	7,609 8,163
Other staff costs	711 1,077
	177,238 210,564

The monthly average number of persons (including senior management / leadership team) employed by the charity during the period expressed as full time equivalents was as follows:

	2023 31 March 2023
	No No
Charitable activities	9 9
Fundraisingand marketing	1 1
	10 10

No employee received emoluments of more than £60,000 during the period.

12 Independent examiner's remuneration

12 Independent examiner's remuneration
	2023		31	March	2023
	£			£
Examination of the financial statements		-			3,048

13 Taxation

The charity is a registered charity and is therefore exempt from taxation.

Page 23

Age UK Hereford and Localities

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023

14 Intangible fixed assets
		Software Total
		£ £
Cost
At 1 April 2023		4,632 4,632
Disposals		(4,632) (4,632)
At 31 December 2023
		- -
Amortisation
At 1 April 2023		1,853 1,853
Charge for the year		463 463
Eliminated on disposals		(2,316) (2,316)
At 31 December 2023
		- -
Net book value
At 31 December 2023
		- -
At 31 March 2023
		2,779 2,779
15 Tangible fixed assets
	Furniture and	Computer
	equipment	equipment Total
	£	£ £
Cost
At 1 April 2023	13,227 7,449 20676
Additions	- 2,809 2,809
Disposals	(13,227) (10,258) (23,485)
At 31 December 2023
	- - -
Depreciation
At 1 April 2023	13,227 7,449 20,676
Charge for the year	- 936 936
Eliminated on disposals	(13,227) (8,385) (21,612)
At 31 December 2023
	- - -
Net book value
At 31 December 2023
	- - -
At 31 March 2023
	- - -

Page 24

Age UK Hereford and Localities

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023

16 Debtors
	2023 31 March 2023
	£ £
Trade debtors	- 3,697
Prepayments	- 540
	- 4,237
17 Cash and cash equivalents
	2023 31 March 2023
	£ £
Cash on hand	- 102
Cash at bank	- 234,799
	- 234,901
18 Creditors: amounts falling due within one year
	2023 31 March 2023
	£ £
Trade creditors	- 13,161
Other taxation and social security	- 1,376
Accruals	- 3,049
Deferred income	- 40,666
	- 58,252

Page 25

Age UK Hereford and Localities

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023

19 Funds
	Balance at 1 April Incoming Resources Balance at 31
	2023 resources expended Transfers December 2023
	£ £ £ £ £
Unrestricted funds
General
Unrestricted income fund	3,665 370,487 (554,152) 180,000 -
Designated
Dissolution Reserve	70,000 - - (70,000) -
Annual Services Grant	90,000 - - (90,000) -
PropertyFund	20,000 - - (20,000) -
	180,000 - - (180,000) -
Total funds
	183,665 370,487 (554,152) - -

Page 26

Age UK Hereford and Localities

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023

	Balance at 1 April Incoming Resources Balance at 31
	2022 resources expended Transfers March 2023
	£ £ £ £ £
Unrestricted funds
General
Unrestricted income fund	38,566 230,680 (335,581) 70,000 3,665
Designated
Dissolution Reserve	70,000 - - - 70,000
Annual Services Grant	160,000 - - (70,000) 90,000
PropertyFund	20,000 - - - 20,000
	250,000 - - (70,000) 180,000
Total funds
	288,566 230,680 (335,581) - 183,665

The specific purposes for which the funds are to be applied are as follows:

The Property Fund is to cover future property related costs, including those associated with the move to new offices in the Autumn of 2022 when the lease on the West Street office expires.

The Trustees designated £230,000 from the sale of the company's former freehold property into two funds. The Dissolution Reserve of £70,000 is to cover the potential costs of closing the charity should that circumstance ever arise. The Annual Services Grant Fund is to provide emergency support to maintain services provided by the charity should there be a future shortfall in annual income against expenditure. A transfer of £70,000 to the general fund was made for 2023.

Page 27

Age UK Hereford and Localities

Notes to the Financial Statements for the Period from 1 April 2023 to 31 December 2023

20 Analysis of net assets between funds
				Total funds at 31
	Unrestricted funds			December
	General	Designated		2023
	£	£		£
Intangible fixed assets		-	-		-
Current assets		-	-		-
Current liabilities		-	-		-
Total net assets		-	-		-

	Total funds at 31
	Unrestricted funds March
	General Designated 2023
	£ £ £
Intangible fixed assets	2,779 - 2,779
Current assets	59,138 180,000 239,138
Current liabilities	(58,252) - (58,252)
Total net assets
	3,665 180,000 183,665

Page 28

Age UK Hereford and Localities

Detailed Statement of Financial Activities for the Period from 1 April 2023 to 31 December

2023

2023
	Total Total
	2023 31 March 2023
	£ £
Income and Endowments from:
Grants, Donations and Legacies (analysed below)	346,529 198,395
Investment income (analysed below)	5,880 8,572
Other income (analysed below)	18,078 23,713
Total income
	370,487 230,680
Expenditure on:
Charitable activities (analysed below)	(552,753) (335,118)
Other expenditure (analysed below)	(1,399) (463)
Total expenditure
	(554,152) (335,581)
Net expenditure
	(183,665) (104,901)
Net movement in funds
	(183,665) (104,901)
Reconciliation of funds
Total funds brought forward
	183,665 288,566
Total funds carried forward
	- 183,665

This page does not form part of the statutory financial statements. Page 29

Age UK Hereford and Localities

Detailed Statement of Financial Activities for the Period from 1 April 2023 to 31 December 2023

2023
	Total Total
	2023 31 March 2023
	£ £
Grants, Donations and Legacies
Legacies	- 10,000
Donations	8,851 4,670
HMRC Gift Aid	959 -
Grants - Age UK JIG	336,719 183,725
	346,529 198,395
Investment income
Rent from shared premises	4,412 7,410
Income from listed investments	- 1,022
Interest receivable	1,468 140
	5,880 8,572
Other income
Health Wellbeing	18,078 23,713
	18,078 23,713
Charitable activities
Charitable donation to AgeUK Worcester & Malvern Hills	(258,545) -
Salaries	(161,686) (194,669)
Staff NIC (Employers)	(7,232) (6,655)
Employer's pension contributions	(7,609) (8,163)
Simply Health subscriptions	(711) (1,077)
Insurances	(1,399) (3,033)
Cost of services	(69,962) (68,441)
IT and Phone Costs	(8,526) (10,676)
Rent	(13,715) (18,619)
Utilities: Water	(30) (167)
Utilities: Gas and Electricity	(2,701) (4,659)
Repairs and Maintenance	(946) (1,749)
Staff Expenses	(7,794) (7,339)
Subscriptions	(3,113) (3,411)
Photocopier leasing	- (1,907)
Marketing	(732) (721)
Salaries: Payroll & Accountancy Services	(6,746) (712)
Bad debts	(1,259) -
Bank charges	(47) (72)
Independent examiner's fee	- (3,048)
	(552,753) (335,118)

This page does not form part of the statutory financial statements.

Page 30

Age UK Hereford and Localities

Detailed Statement of Financial Activities for the Period from 1 April 2023 to 31 December 2023

2023
	Total Total
	2023 31 March 2023
	£ £
Other expenditure
Amortisation of software	(463) (463)
Depreciation	(936) -
	(1,399) (463)

This page does not form part of the statutory financial statements. Page 31

Age UK Hereford and Localities - Report and Accounts - 31-12-2023

Final Audit Report

2025-06-27

Created: 2025-06-26 By: Graham John ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAIN4kTnTys2KfDFuLn3u3FGFb8F1bm60u

"Age UK Hereford and Localities - Report and Accounts - 31-122023" History

• Document created by Graham John ([e-mail])

2025-06-26 - 17:25:22 GMT

Document emailed to David Hunt ([e-mail]) for signature

2025-06-26 - 17:26:18 GMT

• Email viewed by David Hunt ([e-mail])

2025-06-27 - 05:50:07 GMT

• Document e-signed by David Hunt ([e-mail])

Signature Date: 2025-06-27 - 06:22:05 GMT - Time Source: server

Document emailed to Graham John ([e-mail]) for signature 2025-06-27 - 06:22:07 GMT

• Email viewed by Graham John ([e-mail]) 2025-06-27 - 09:00:19 GMT

• Document e-signed by Graham John ([e-mail]) Signature Date: 2025-06-27 - 09:00:37 GMT - Time Source: server

Agreement completed.

2025-06-27 - 09:00:37 GMT