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 (graham.john@youngand.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAIN4kTnTys2KfDFuLn3u3FGFb8F1bm60u ## "Age UK Hereford and Localities - Report and Accounts - 31-122023" History - Document created by Graham John (graham.john@youngand.co.uk) 2025-06-26 - 17:25:22 GMT Document emailed to David Hunt (dshunt55@gmail.com) for signature 2025-06-26 - 17:26:18 GMT - Email viewed by David Hunt (dshunt55@gmail.com) 2025-06-27 - 05:50:07 GMT - Document e-signed by David Hunt (dshunt55@gmail.com) Signature Date: 2025-06-27 - 06:22:05 GMT - Time Source: server Document emailed to Graham John (graham.john@youngand.co.uk) for signature 2025-06-27 - 06:22:07 GMT - Email viewed by Graham John (graham.john@youngand.co.uk) 2025-06-27 - 09:00:19 GMT - Document e-signed by Graham John (graham.john@youngand.co.uk) Signature Date: 2025-06-27 - 09:00:37 GMT - Time Source: server ## Agreement completed. 2025-06-27 - 09:00:37 GMT