I Canterbury ageuK Annual Report and Accounts 2024-2025 Age UK Canterbury The object for which Age UK Canterbury is established is: "To promote the relief of elderly people in any manner which now or hereafter may be deemed by law to be charitable in and around the City of Canterbury." Honorary President Mrs Patricia Shephard MBE DL Board of Trustees David Baxter Tony Ullman Elizabeth Frost Julie Maclnnes Sandra Worth Rosemary Kroiter Chairman (until 3 December 2024) Vice Chairman (until 3 December then Chair) Treasurer Committee Member Committee Member Committee Member (from 3 December 2024) Chief Officer and Company Secretary Neil Brown Deputy Chief Officer Janet Eales Members of the Company: 33 Banks Lloyds TSB plc, 49 High Street, Canterbury, Kent T12SE CAF Bank Ltd, Kings Hill, West Malling, Kent ME19 4TA Auditors Kreston Reeves & Co. LLP, Montague Place, Quayside, Chatham Maritime, Chatham, Kent ME4 4QU Solicitors 'Furley Page 39 st Margarets Street Canterbury CT12TX Registered Charity No 1094385. Registered Company No 451197 CHAIRMAN'S REPORT Welcome to this year's annual report. We are pleased to be able to report that the charity continues to maintain a stable financial position. The organisation receives income from several established areas including IMAGO, The Big Lottery Fund, Age UK Cost of Living Grant, Kent County Council and the Kent and Medway Integrated Care Board. New income opportunites are continually being sought through the development of existing serrfices such as our foot health serrfice, day opportunities and dementia day care. Age UK Canterbury continues to meet all its statutory obligations in all areas. In April 2024 we were again successful in achieving our annual ISO 9001 .2015 accreditation through the British Assessment Bureau. This is specifically awarded for providing quality management for the delivery of social and health opportunities and outreach services to older people in the Canterbury and surrounding areas. The ongoing delivery of high quality services to older people living in Canterbury and surrounding areas fully supports both our strategic nd business planning objectives. As part of the ongoing development of the charity, we have been actively looking to gain new membership across a broad range of areas, at the time of writing, our membership has increased from 20 to 33. We look forward to welcoming all of our members to our AGM which after due consideration, we will be facilitating in late summer in order to take advantage of the lighter evenings and improve accessibility for attendance. The success of the charity has only been possible due the excellent dedication of our staff, volunteers and the partners that we work with and through in support of our charitable objectives. I wish to thank all the individual people, businesses and organisations that have supported us through donations and legacies. This is critical since it is not always appreciated that we are a small independent charity. On behalf of the Board of Trustees and Age UK Canterbury, I would like to thank all our staff, volunteers, collaborative partners, members and fellow Trustees for their excellent work and support. I would also like to thank our President and Volunteer Charity Shop Manager, Mrs Tricia Shephard with her volunteers who continue to work tirelessly for the success of our Charity Shop in St Peter's Street, Canterbury. Thanks also to Tricia for supporting the introduction of a new charity shop manager who commenced her role in March 2025. 1 would also like to thank David Baxter for his excellent work as Chair over the last several years. Tony Ullman Chair of Board of Trustees CHIEF OFFICER'S REPORT It is a pleasure to highlight this Annual Report for 2024125. In addition. I would like to extend my grateful and sincere thanks to David Baxter for his stirling performance of charity chair and to the Board of Trustees for all their support over the past year. I would like to welcome Tony Ullman to the role of Age UK Canterbury Chair of Trustees and I look forward to working with Tony in continuing to build and grow our wonderful charity. During the last year we have continued to work collaboratively with NHS and KCC colleagues and we have sought and devleoped new funding opportunites to support our continued growth amidst very challenging times for voluntary sector organisations. Our day opportunities, wellbeing programmes, hot meal delivery service and dementia day care continue to build capacity in order to provice sustsinability going forward. The need for our Foot Health Service continues to grow rapdily. As mentioned in previous annual reports, it has been necessary to implement a workforce development plan to ensure that Age UK Canterbury keeps pace with the demand placed upon it and has appropriate succession management procedures in place. As a result of this requirement we continue to deliver an accredited clinical training degree programme in partnership with the University of Plymouth. Our Apprentice Podiatrist training covers both the Bsc (Hons) and Msc Podiatry degree levels. Our first cohort of our Podiatry Apprentices graduate in both Bsc and Msc in September 2025. We are also a well established accredited training setting in partnerhsip with The Royal College of Podiatry for the Assistant Podiatry Practitoner qualification. This is a unique model and Age UK Canterbury is the only charity in the UK offering these services and training opportunies. Integrated health and social care within the community remains a key part of the charity's strategic direction. In line with this commitment our Peisonalised Independence Programme, Community Navigation and Hospital Care Navigation Services provide extremely effective community pathways in supporting wellbeing, independence and social inclusion for the clients that we deliver these ser4ices to. We are still waiting for decisions from commissioners that the funding for these much needed services continue into 2025126. We continue to refurbish and upgrade our facilities at both the centre and the charity shop. Most recently we have painted the exterior to the charity shop. We are also introducing new till software to facilitate Gift Aid on goods donated to our charity shop. In addition, we have undertaken a full fixed wiring and electrical hardware refurbishment to our centre in Castle Row. Heartfelt thanks go to all our excellent staff and volunteers for the invaluable work that they all undertake. Our achievements in 2024125 were only made possible by the sterling efforts and hard work of our staff and volunteers including our wonderful President, Tricia Shephard and her team of volunteers that she leads at our charity shop. Dr Neil Brown Chief Officer SERVICES REPORT We continue to deliver a wide and comprehensive range of services for our clients. Successful funding oportunites have enabled us to deliver the Wellbeing Matters Plus Service managed by IMAGO. Within this programme we offer a wide range of wellbeing activities which support not only our existing client base but we have also welcomed new clients to this service area. The types of activities that we provide within this service include lip reading, arts and crafs, knit and knatter. light exercise, gameslquizzes, clay modelling and befriending. All of our actitivies are aimed at preventing social isolation, depression and falls and they also encourage social interation. The ongoing Dementia Contract has proven sucessful in 2024125 not least In the outreach arrangements but also referring appropriate post-diagnostic clients to our dementia day care services.The Dementia and Me roles include a single point of access for help and support for all things to do with dementia across the Canterbury and Faversham areas. Staff visit clients in their own home and create a support plan and offer a wide range of support and advice. In addition, a varied range of group- based support activities are available including Dementia Cafes, Peer Support Groups. Befriending and Younger Onset Groups. The Foot Health Service continues to develop and grow and over the last three years we have provided around 30,000 appointments to our caseload of patients over 55 years old both in our clinics and community home visiting. Our Hot Meal Service continues to provides a consistent service delivery within the community . Most of the clients accessing our hot meal service are on a long term basis. There is always a daily challenge to get these meals prepared, packed and delivered in a short space of time, but with the support of staff and volunteers the service has been extremely important for the community. In addition, we deliver many other key and critical services such as Comrnunity Navigation, Information, Advice and Signposting, Hospital Care Navigation Ser￿iCe and Personalised Independence Service. Our charity shop also provides a critical community focus and much needed income for the charity. We have a large number of volunteers who work in all areas of our charity and without the help. flexibility and dedication to their role, many of our services would not be able to run as they do withouth their input, we are extremely grateful to them Mrs Janet Eales Deputy Chief Officer CHARITY SHOP REPORT Our Charity shop in St Peters Street continues to trade very well despite the difficult environment for trading at the current time. The shop seeks to open seven days a week and frequently during Bank Holiday periods. Our volunteers, as always, are extremely welcoming and al￿vaYS remain customer focused. The shop not only provides much needed financial support for our charity, but it also acts as a community hub and focal point for older people to support them in accessing our services. In addition, our charity shop delivers much-needed support particularly for our younger volunteers in gaining experience and confidence in the working environment and enabling a steppingstone into their future career. A range of items are accepted by us, such as clothes. bric a brac, suitably PAT tested electrical equipment, CD'S. DVDS, and in fact most things but we do have to be careful as there are trading regulations which we must conform to. All donations are sorted carefully, clothes are sized, priced and steamed and most of the china and glass must be carefully washed before it is suitable to go on the shelves. Our windows are themed, and this depends on the time of year, for example, festivities such a5 Christmas and Easter together with other celebrations such as St Valentine's Day. We reserve items for sale for these times to make a colorful show. We do find we sell items from the windows and try to make them eye-catching to encourage new customers into the shop. The front of the charity shop has been painted recently and looks very smart and tidy. The rest of the outside of the shop is due to be completed once a license frorn the Diocese has been obtained. l am pleased to support the introduction of a paid charity shop manager who will commence their role in March 2025. 1 wish them every success in their new position. I will continue to volunteer and look forward to supporting the ongoing success of the charity shop. Our extreme gratitude and thanks as always go to our supporters who provide much needed donations. Without everyone's generosity we would not have a shop and even more importantly the many volunteers who cheerfully work and help us every week. Mrs Tricia Shephard Volunteer Charity Shop Manager Statistical Information Age UK Canterbury 2024- 2025 DAY CENTRE FOOT HEALTH SERVICE INFORMATION AND ADVICE 2036 10828 233 Attendances Appointments/ Home visits Interv.entio.ns COLLINS UNIT MEALS ON WHEELS BEFRIENDING DEMENTIA DAY CARE 1918 6674 437 Attendances Visits Delivered HANDYMAN WELLBEING ACTIVITIES OUTREACH SERVICES vj 4205 46 4351 Attendances Fitted Comnwnlty N￿atOrS 3 Hospliol cdrqNovigotors'." . Per50nol""IndèpendoDce Novigo!or5. Demen¥o ond Mecogrdindtors Could you support our work? You could make a difference to the lives of older people in Canterbury and surrounding areas by supporting our work in the following ways: Cheques Please make cheques payable to 'Age UK Canterbury, and send to our office in Castle Row Canterbury CT12QY. Online Visit our website wwwageukcanterbury.org.uk to donate through the Just Giving website. For more information please call 01227 462368 email canterburyinfo eukcanterbu or visit www.a eukcanterbu .or AgeUKf2ntethryi5a tharftableccmparyltryiiedtyguaranteeandrtysteredin Engiandand Wales Registered charity Nmber 1094385 C￿panYnVM￿￿￿. 4511978 Reg&tvedoffKe ts: CathRcAv. cant￿tsry, KWL. ￿7 2QY Age UK Canterbury Trustee's Report for the year ended 31 March 2024 REPORT AND FINANCIAL REVIEW 2024 -2025 structure, Governance and Management The company 15 registered as a charitable company Ilmited by warantee and was incorporated on 15 August 2002. It is governed by its Memorandum and Articles of Assoclatfon. The members of the Trustee Board dwing the fmancial year were a5 listed ￿ page 1 The Trustee Board was formed In 21)02 with the original Chairman and Trustees being elected Into office at the Annual GeneraL Meeting (AGM) in 2003. The Trustees are aware of the responsibilities which they carry and will be looking for sultable people with whom to share them when vacancies arise. Appropriate training and help have been gfven and will be offered to new Trustees when they are appointed. Safeguardlng Is a critical factor in alL the work carried out in the charity and regular tralnlng for staff and volunteers TS completed on an ongoing basis. Our safeguarding policie5 and procedures are revlewed annually to ensure that we keep pace with any changes to requirements and legislation. The Trustees have met 8 times during the financial year. beTng responsible for the oversight of the planning and of the management of the activities and finances of the Charity. The Board Is supported by the Chief Officer who attends each meeting and who is responsible for the day-tTrday operational management and delfvery of all the services provfded by Age UK Canterbury and of the staff and volunteers. The Chief Officer is assisted in this by Mrs Janet Eales. Deputy Chief Officer. At the Centre In Castle Row a total of 34 member5 of staff were employed up untll JlAarch 2023. The staff were supported by around 44 volunteers (including the Charity Shop in St Peter's Street) vtho continued to w￿k wlth u5 throughout the pandemic. The main risk tD the Company is the withdrawal of the fundfng provided for services by Kent County Councll at the end of Ilarch 2022. The Trustees do ensure that the re5erve5 would cover redundancie5 shoutd that need arise arKI now have nine montFs running costs in the unrestricted resenies. Public Benefit The charity offers support to all people in the Canterbury and surrounding areas over 55 to enable them to make the rnost of Later life through the provtslon of support, activitie5 friendshlp, advlce and services to support their mobility and independen￿. Achlevements and Perforniance The achlevements and perfonmance during the financial year are as Set out in various proceeding Reports particularly those of the Chaimian and Chief Officer. Future Plans Plans are agaln Set out in the Chaimian's and Chief Officerfs Report. Flnanctal Review The details of Income and ExpendTture for the 202412025 financial year are set out in the accolnpanying Statement of Financial Activities and Notes to the Accounts. The Charity remalned In a healthy financial p051tTon throUgh￿t the ￿riod. Age UK Canterbury Trustee'5 Report for the year ended 31 March 2025 We are grateful to Canterbury City Council for their Discretionary Business Rate ReLlef on our Centre and Chartty shop premises. Donations from local organisations, cllents and friends, totalled £20,440 and we a150 recefved legacle5 amounting to £81,000. These fund5 were put on dep051t to gain interest until required. We are very grateful for all this fInancial support. The Age UK Canterbury shop in the mafn street of Canterbury ccntinues to provide an essentfal Source of funds. During thi5 finanaaL year, sales Jfjelded a record net profit of £54,651 which represents a slgnlflcant addition to the general funds. This wouLd not be possfble without the hard work of the volunteer5 who kept the shop open Monday to Sunday throughout the year and who also sorted and labelLed the huge amount of donated second hand items of clothlng. books. records. ornaments and other miscellaneous item5. The Trustees are extremely grateful for all that these volunteers have done on behalf of the ChariLy. Plans for the future and Reserves and Investment Pollcy At the year end the total financlal reserve5 held as net current assets were £743.828. These reserves fell into three categories - unrestricted. designated and restricted funds, a5 shown on the baLance sheet. Unrestricted Res8rves Company policy 15 that Ideally the unrestricted liquid reserves should amount to at least the equivalent of six months of total resources expended. At the year end the unrestricted liquid funds amounted to £444,874 whlch was 51.4% of the year's total unrestricted expenditure. At the financial year end the Tangible Fixed A55ets totaled £280,177 wilh the full amount 5howning a5 a designated fund. Whilst these may provlde some security. it 15 es5ent7al, particularly in the present difficult cllmate, that our main source of income. the KCC contract fundlng, continues. Without thi5 financial support we would not be able to continue to provide the level of seNtces required by our existfng and potential clientele. Deslgnated Reserve5 The designated reserves as shown in the balance sheet totalled £548,800 at the year end. These reserves were designated for six separate purposes and included £280,177 in respect of fix8d assets and £172.000 for unexpected contingencies (for example. employer liability). Restricted Reserves The balance of the liquid assets at the year end was £30.331 In the restricted category as itemised at note 19 to the accounts. Age UK Cantert)ury TrustEP'S Report for Ihe year ended 31 March 202S Reserves Policy There remains an on-golng need to set aslde further sums for possible expenditure on building maintenance. and to increase the reserves to cover unforeseen circumstances due to the considerably Increased exient of the Charity's operations. Thus. there is a need to increase funding to meet the trustees, stated requirement to hav8 sufficient reserves to cover 6 month5 of on-gcing operalion costs. Investment Pollcy During the year the Company continued to be in the position of requiring substantial funds at short notice for the provlslon of increased services, Improved accommodation, and for the replacement of equipment. Thus. it was necessary to have all liquld funds on call at short notice, but in such a manner as to maximise interest. Should this situation change and substantial long-temi funds accrue, consideration will be given to the appointment of an invesknent adviser. statement of Trustees. Responsibilities The Twstees (who are also directors of Age UK Canterbury for the purposes of Company Law) are responsible for preparing the Trust88s' Report and the Flnanclal Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practlce). Company law requires Ihe Trustees lo prepar8 accounts for each financial year which give a true and fair vlew of the charitable companV5 State of affairs at the end of the year and of its income and expenditure for that perfod. In preparing these accounl5, the TTUStees ar8 required to:_ select suitable accountlng pollcies and then apply them consistently., Observ8 the methods an princlples in the Charities SORP; make judgements and estimates that are reasonable and prudent., prepare tha accounts on the going concem basis unless it Is Inapproprlate to presume that the company wlll contSnue In business. The Trustees are responsible for keeping proper accounting records whlch disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Acl 2006. They are also Tesponsible for safeguarding the assels of the company and hence for taking reasonable steps for the prevention and d8tection of fraud and other irregularftles. Statement of Disclosure of Infonrlatlon to Auditors We the trustees of the charity who held offio at the date of approval of th8se financial statem8nts as sal out above each confimi. so far as we are aware, ihat: - ther8 is no relevant audit Infcrniatlon of thich the charity's auditors are unaware: and - we have taken all the steps that we ought to have taken as tTUStees in order to make ourselves aware of any relevant audit information and to establish that the charitys auditors are aware of that information Age UK Canterbury Tru5tEe's Report far the year ended 31 March 2025 Audltors In accordan￿ wlth Sectlon 485 of the Companles Act 2006. a resolutlon proposlng that Reeves & Co LLP be reappointed a5 auditors of the company will be put to the Annual General Meeting. In preparing this report, the Trustees have taken advantage of the small companles exemptlons provided by sectlon 415A of the Companies Att 2006. At a meeting of the Tnjstees held on report. together wlth the annual accounts were approved and authority given to the undersigned to confirm appToval on their behalf. 191pMlef 2025 thfs On behalf of the Trustees Tony Ullman- Chairnian **Age UK Canterbury (A company limited by guarantee)** ## **Independent auditor's report to the Members of Age UK Canterbury** ## **Opinion** We have audited the financial statements of Age UK Canterbury (the 'Charity') for the year ended 31 March 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the Charity's affairs as at 31 March 2025 and of its income and application of resources, including its income and expenditure for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page 7 **Age UK Canterbury (A company limited by guarantee)** ## **Independent auditor's report to the Members of Age UK Canterbury (continued)** ## **Other information** The other information comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: - the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of trustees** As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the Directors of the Charity for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Page 8 **Age UK Canterbury (A company limited by guarantee)** ## **Independent auditor's report to the Members of Age UK Canterbury (continued)** ## **Auditor's responsibilities for the audit of the financial statements** We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: - Discussions with management and assessment of known or suspected instances of non-compliance with laws and regulations (including health and safety) and fraud; and - Challenging assumptions and judgements made by management in its significant accounting estimates; and - Performing analytical procedures with automated data analytical tools to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud; and - Confirmation of related parties with management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business; and - Physical inspection of tangible assets susceptible to fraud or irregularity; - Assessment of identified fraud risk factors; and review of cash expenditure to confirm no evidence of personal benefit; and - Reading minutes of meetings of those charged with governance; and - Review of significant and unusual transactions and evaluation of the underlying financial rationale supporting the transactions; and - Identifying and testing journal entries, in particular any manual entries made at the year end for financial statement preparation. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. Page 9 **Age UK Canterbury (A company limited by guarantee)** ## **Independent auditor's report to the Members of Age UK Canterbury (continued)** As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the Charity's internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Trustees. - Conclude on the appropriateness of the Trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in my Auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of my Auditor's report. However, future events or conditions may cause the Charity to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. ## **Use of our report** This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity's Trustees those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and its Trustees, as a body, for our audit work, for this report, or for the opinions we have formed. ## Kreston Reeves LLP ## **Kreston Reeves LLP** Chartered Accountants Statutory Auditor Chatham Maritime Date: 3 September 2025 Kreston Reeves LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page 10 Age UK Canterbury (A Gompany limited by guarantee) statement of financial activities (Incorporating income and expenditure account) forthe year ended 31 March 2025 RestTIGted Unrestrictsd funds funds 2025 2025 Total funds 2025 Total funds Note Income from: Donation5 and legaGles Ch¥ritsble acdvltles other tradlng actlviiles Investmen15 320.9D2 7,235 28B.088 571.391 96,080 12.305 608.990 578,626 96,080 12,305 478.258 518.671 104.023 9.428 Total incorne 328,137 967.864 1.296,OD1 1.110.380 Expenditure on- Ralslng funds Charitable actlvtttes 39.432 825,723 39,432 1.159,846 46.544 1,089.424 10 334,123 Total expendlture 334,123 865,155 1.199,278 1,135.968 Net movempnt in funds {5,9861 102,709 96,723 {25,588) ReGonGiliatlon of fund5: Total funds broughl forward Net movement In funds 36,317 (5,986) 890,965 102,709 927,282 96,723 952.870 (25.588) Total funds carried forward 30,331 993,674 1.024005 927,282 Th8 Statement of finandal activities Includes all galns and losses recognised in the year. The notes on pages 14 to 36 lorm part of these finanaal statements. Page 11 Age UK Canterbury (A Gompany Ilmlted by guarantee) Registered number: 04511978 Balancè sheet as at 31 March 2025 2025 2024 Na Flxed assets Tangible assets Investrnents Current a55ets 14 280.177 269.665 150.000 stocks Deblars Investrnents Cash al bank and in hand 15 292 151,536 450,905 213.200 1.819 88.390 300.905 187,296 16 17 819,933 578,410 . Creditor5: amounts falllng'due wthin one year 18 (76.1051 flO.793) Net current assets 743,828 507.617 Total net assets 1.024,005 927.282 Charlty funds Restricted funds Unrestiicted funds 19 19 30,331 993,674 36,317 890.965 Totsl funds 1.024,005 927.282 The Trustee5 acknowledg8 their responsibilill8s for complying the requlrements of the Act wilh respect to accounting re(y)rd5 and preparation of financial statements. The financlal statements have been prepared In accordance Trmlh the provisions 8pplicable to entities sublect to the small companie5 reglme. The financial statements were approved and authorised for issue bythe Trustees and signed on their behalf by. MrTony Ullman Trustee Dale- Ms Ellzabeth Frost Trustee The notes on pages 14 to 36 forrn part of these financial statements. Page 12 Age UK Canterbury (A company Ilmlted by guarantee) statement of cash flows for the year ended 31 March 2025 2025 2024 Cash flows fram operatlng acllvltles Net eash used In operAtlng activ1￿e$ (note 23) 99,556 172.651 Cash flows from Investlng acllvltlès Dividends. Interests and renls from Investments Purchase of tangible fixed assets Purchase of Inveslmenls 12,305 9.428 (85,9S7) (103.241) (150.000) Net cash UBed In Inve5tlng actlvltles (73,652) P43.813) Change in cash and cash equlvalents In the year Cash and c35h equivalents at the b8ginning of the year 25,904 (71.162) 258,458 187,296 Cash and caBh equlvalents at Ihe end of the year (note 23) 213,200 187,296 The notes cn pages 14 to 36 lomi part of thase fin8ndal 8tatam?nts Page 13 Age UK Canlerbury (A company limited by guarantee) Notes to the Ilnanclal ststemènts for the year ended 31 March 2025 General Infomiation Age UK Canterbury is a charitable company and an exempt tharity incorporated in England and Wales. The registered offic8 is Castle Row, Canterbury. Kent. CT12QY. The principal activities of the Charity are to support the live9 of the older people in Canterburyand the surroundlng area. Accounting pollcles 2.1 Basis of preparalion of financial ststements The financial staterrents have been prepared in accordance the Charibes SORP (FRS 102) - ACCOUn￿ng and Reporting by Charilles.. Slatement of ReGommended P￿CtiCe applicable to charities preparing their accounts In accordance with the Financial Reporling Standard applicable in the UK and R8public of Ireland (FRS 102) (effeclive 1 January 2019). the Finanoal Reporting Slandard applicable in the UK and Repubfic of Ireland (FRS 102) and the Companies Act 2006. Age UK Canterbury meets Ihe definition of a publc benefft entity under FRS 102. Assets and liabilities are Initially recognised at historicat cost or transaction value U￿esS otherwise stat@d in th8 relevant accounting policy. The financial statements arg presented kn UK sterling. which is Ihe Charil5ls functional ujrrency. and rounded to the nearest poun 22 Company statu5 The Charity Is a company limTted by yuardntee. The members of th8 Charity are the Truste￿ named on page 1. In the event of the Charity being V￿Und up, the liabl￿ in respect of the guarantee is rimited to £1 per member of the Charity. 2J Going.conEem The Trustees asse55 w￿ther the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or rxJndittOlls that may cast signrficznt doubt on Ihe ability of the Charity io conlnue a5 a golng concem. The Truslee5 make thi5 a5se5sment in respect of a period of al least one year frorn the date of authorisalion for issue of the financial statements and have conduded that the Charity has adequate resources lo continue in operational existence for the foreseeable futUTe and there are no material uncertalnlles about the Charitys a￿lIty lo conilnue as a goin9 concern. thus they L7)nlinue to adopt the going concern basis of accounting in préparing th8 finandal statements. Page 14 Age UK Canterbury (A company limited by guaranteel Notes to the financlal statements for the year ended 31 March 2025 Accountlng pollcies Icontlnuedl 2.4 Income All income Is Trcognised once the Charity ha5 entitiernent lo the income, it is probable that the incomè will b8 received and the amount of incorne re￿1vable can be measured reliably. The recognition of incorne from 18gacies is dependent on establishing entltlemenl, the probability of recelpt and the ability to e51imate wlh sufficient accuracy the amount raceivable. Evidence of ontitlemenl lo a legaGy exis15 when the Charity ha5 sufficient evidence that a gift has been left to them (thmugh knowledge of the exlstence of a valid will and the death of the benefactor) and the executor is satisfied that the propety In question wll not be requlred lo satisfy claims in the estste. Receipt of a legacy must be recognlsed when il Is probable that it will be re￿Ived and the fair value of the amounl receivable, which wlll g8nerally be the expected cash arnount to be distributed lo Ihe Charity. can be reliably measured. Grants are Included In the Statement of finsncial activitie5 on a receivable basls. The balance of incorn8 rècèived for specific purposes but nol expended during the pertod is Shown in the relevant funds on Ihe Balance sheet. Where income Is received in advan￿ of enb'llement of receipl, its recognition is d8ferred and induded In creditors as deferred Income. Where entiilemenl occur¥ before income is received. the income is acuued. Gifts In klnd donated for distribution are included al valuation and recognised as Income when they are dislrfbuted to the projects. Gift5 donaled for resale are included as income when they are sold. Income tax recoverable in relation to donabons received under Gift or deeds of covenant is recognised at Ihe Ume of the donation. Income tax recovetable in relation to investment income Is recognised 31 the time the Investment income is receivable. 2.5 Expendilure Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefil lo a thlrd party. it is probable Ihat a transfer of economic benefits will b6 requlred in settlement and the amount of the obligation can b8 me8sured reliably. Expenditure on raising fijnds Includes all expenditure inujrred by the Charity to raise funds for ils charitable purposes and Includes costs of all fundralsing activities events and non￿han¢able trading. Expendilure on charilable activitie5 is incurred on directly und8rtaknng the acllvities which further the Charitys objectlves. as well as any 8550ciated support costs. Grants payable are charged in the yearwhen the offer is made excepl in those cases where the offer is conditional, such grants b8lng recognised as expenditure when the condiknons attaching are fulfilled. Grants offer8d subject to condlllons which have not been met at the year end are noted as commitment, but not accrued as expenditure. All expendllure is inclusive of irrecoverable VAT. 2.6 Government grants Govemment grants are credited lo the Slatement of financial actiwties as the related expenditura Is incurred. Page 15 Age UK CanteTbury (A company Ilmiled by guardntse) Notes to the financial statements for Ihe year ended 31 MarGh 2025 Accountlng pollcles (contlnued) 2.7 Interest recelvable Interest on funds held on deposit is nduded when receivable and the amwnt Gan be measur8d reliably by th8 Charity, this is nomially upon notification of the interest paid or payable by the Institution with whom Ihe fvnds are ¢Jeposite(L 2A Taxatlon The Charity is considered to pass ihe tests set out In Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a Gharilable company for UK corporatlon tax purpose5. Accordingly. the Charity is potentially exempt from iaxatlon in respect ol income or capital gains received within categories covered by Chapter 3 Part 11 of Ihe Corporatson Tax Act 2010 or Section 256 of the Taxatitjn of Chargeable Gains Act 19￿2. 10 the extent that suth income or galns are applled exclusively to charilable purp05e& 2.9 Tang5ble fixed assets and depreciation Tangible fixed assets costing £500 or more are captslised and recognised Ythen future economi benefits are probabl? and the cost or vaue of th& asset can be measured reliaLIy. Tangible fixed assets are initrally recognised al cosl. After recognition. under the cost model. tangible rixed assets are measured at cost less accumulaled depreuabon and any accumulated impalment losses. PJI costs incurred to bring a tangible fixed assel inlo its intended WOTking cgjndition should be included In the Measurement of cosL At eath reporting date the Charity asséssgs whether there is ary Indicatton ol ThpainnenL If such indication exisls, the recoverable amount of the asset Is dete￿Ined lo be the higher of its fair value less costs to sell and its value in use. An i￿￿￿ment loss is recognised where thè carfying amount &xceeds the recoverable aMO￿L Depreciation is charged so as to allocate the (￿st of tsngible fjxed asset5 le55 their residual value over their e5bmated useful lives on the following bases: Leasehold improvements - Centre Minibuses Fumliure and Equiwnent Leasehold improvements - Charity Shop - 4% on Cost (over the tenn crfthe lease) 25% on Net Book Value - 25% on C05t 10% on Cost (over the temi of the lease) 2.10 Investments Fixed assel investments are a forn ol financial inslnjnenl and are initially recognised at their transacllon cost and subsequently measured at fair value at the Balance sheet dale, unle55 the value cannot be measured rellably In whlch case it is measured al cosi less impaimient. Investment g￿nS and losses, whether realised or unreallsed. are comlxned and presented as 'Galnsl(Losses) on investrnents, in the Slatement of financlal attti¥l￿e$. Current as5el inve5trnents include cash or other sh)rt-temi liquld Investrnenls wiu) a short lerm maturity of more than three rnonth5 but les5 than one year, hetd for I￿￿stment purpos&8. 2.11 Stocks Stocks are valued at the lower of c05t and net realisable Ydlue after making due allowance for Obsolete and slow-mov]ng stix Page 16 Age UK Canterbury (A company Ilmltèd by guardntee) Notes to th• financlal statements for the year ended 31 March 2025 Accounung pollcles (contlnued) 2.12 Debtors Trade and other debtors are recognised at the settlement amounL Ptepawnents are valued at the amount prepaid. 2.13 Cash at bank and in hand Cash at bank and In hand includes cash and 5hort4erm highty fiquid investrnents ￿th a short maturity of three months or18S5 from the date ol acquisilion or opening of Ihe deposit or similar accounL 2.14 Liabilities and provi510115 Liabilities are recognised when there i5 an obligation al the Balance sheet dale as a result of a past 8veTrt. it is probable thal a transfer of economiG benefit will be required in settlemenL and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity antrcipales it will pay to settte the debt or the amount it has received as advanced payments for the goods or service5 it must provtde. Prowslons are measured at the best estimate of the amounts required to setlle the oblSgatlon. Where the effecl ofthe time value of money 15 material. Ihe provision is based on the pmsent value of those amounts. discounted at Ihe pre-tax discount rate that rellects the risks specific to the liability. Th8 unwrnding of the dlscounl is recognised in the Slaternent of finanoal activities as a financ& cost. 2.15 Financial instruments The Charity onty has financial assels and finanoial liabifities of a kind that qualify as basic finandal instruments. Basic financial instruments are inibally recognised at transaction value and subsequenlly measured at their settlement value. 2.16 Operating leases Rentals pald under operating leases are charged to the Statement of financial aclivitses on a siraight Ilne basis over the lease temi. 2.17Pen5i0ns The Charfty operates a defined contribution pension scheme and th& pension charge represents the amounts payable bythe Charity to the fund in Te5pect of the year. 115 Employee penslon contributions The Charity contiibutes to employeps, persona pension pian& Conlributions payable to these plans are charged to Ihe Statement of fmancial actI￿tieS in the perfod to which they ￿late. Pag8 17 Age UK Canterbury (A company Ilmlted by guardntee) Notes to the financlal staiernents forthe year ended 31 March 2025 Accountlng poll¢les (contlnued) 2.19 Fund accountlng General lund5 are unrestrthd funds vthich aro avalablg for use at the dlscr8tion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Deslgnaled funds comprtsè ￿restricted funds that have been set aside by the Trustees for Parfl￿[lar purpDses. The alm and use of each deslgnated fund is set oui In the notes to the financial statements. Restricted funds are funds which are to be used in acurdance with specafic reslricuons Imposed by donors or which have been rai5eil by the Charity lor partiojlar purposes. The costs ol ralslng and administerfng such funds are charged against the specffic fund The aim and use of each restricted fund Is sel out in the notes to the financial stai8mant& Inv8slment income. galns losses are alocatsd to the appropriate fund. Crltlcal accountinq estlmates and ar••s of Judgement Estimates and ludgements are contlnualty evaluated and are based on historical experienc8 and other factors, induding expectatsons ol futwe events that are believed lo b8 reas￿able under the clrojmslances. Crftlcal acwunting esumates and a55LrnPtlon5: The Charity makes esilmates and assumption8 wnceming Ihe future. The rosultlng accountlng estlmate$ and assumptlons will, by deflnitlon, seldom equal the rnlatsd actual results. The estlmates and assumpllons that have a slgnificanl risk of causlng a material adjustrn8nt to the carrying amounts of assets and Ilablliles within the next ffinandal are dlscAwed below. Tangible fixed assets The Ch8rlty has recognlsed taivjlble fixed assets wlth a carry4ng value of £280.177 at the reporting (see note 14). These a55ets are stsled al thelr costless wovlslon for depreclatlon and Impalnnent. The Ch8riV8 accounting policy sets out the approach to cakulating depreciation for immateri81 assets aCqui￿d. For material assets such as land and buildings the Charity delermlne$ at acqui5iticn reliable estifflales for the usefvl economlc Illè of the asset, its residual value and decommissioning costs. These esllmate5 are based upon suth fectors as Ihe expected use of Ihe acquired asset and markèt condltsons. At subsequent reportlng dates Ihe Trustees conslder whelher there are any factors such as technological advancernents or changes in market conditions Ihat Indicate a need to reconsider the e5tlmates used. Where there are indicalors that the ca￿￿ng value of tangible ftxed assets may be impaired the Charity undertakes tests lo determine Iho recoverable arnount ol assets. These tests requlre e5timate5 of the fair value of assots less cost to sell and ol thelr valuè In use. Wherever possible the estimate of the fair value of assets Is based upon obseNable market prices less Incremenlal cost for disposing of the asseL The value In use c8lcu18tion is based upon a discounted cash flow model. based upon tho Charitvs faTecasts for the foreseeable future which do not Indude any re5tructuting activities that the Charity is not yet committed to or signlficant fvlure investments that will*nhance Ihe a5seV5 perfoThance. Th8 r8coverable amount is most sensitive to the dlscount rate used for the discounled cash ftow model 85 well as expected future cash flows end Iha growth Tate used for extrapolalion purpose5. Page 18 Age iJK Canterbury (A company limiled by guarantee) Notes to the flnanclal statements for the year ended 31 March 2D25 Income from donations and legacies Restricted Unrestricted nds funds 2025 2025 Total funds 2025 Total funds 2024 Donations 190 20.250 81.000 186.838 20840 81.000 393.880 113.670 17.957 Legacres Grants Govemm8nt grants 207.042 113.670 346.631 113.670 Total 2025 33J.902 288.088 608.990 478.258 Total 2024 334.946 143.312 478,258 Income from charltable activllles Restrfcted Unrestrlcted funds funds 2025 2025 Total funds 2025 Total nds 2024 Clients minibus contributions crients meal contribubons Meals on wheels 50.824 52.742 2.550 326.192 94.077 42.648 50.824 52,742 2,550 326,192 94,077 42.648 865 1.493 50.475 54.353 1.526 268.094 97.630 35.740 594 1.631 6.193 2.085 350 Nail cuttlng Collins unlt Transported cllents day crmtributions Meal contributlons Handyman séNtc8 Mis￿lIaneOUS Income 1.493 7.235 student Placement Rent Income Total 2025 7.235 571.391 578.626 518.671 Total 2024 6.193 512,478 518.671 Page 19 Age UK Canterbury (A Company limited by guarantsej Note5 to the financial 8taternents for the year ended 31 March 2025 Income from other tradlng aclivities Unrestrlcted funds 2D25 Total funds 2025 Total nds 2024 Charity Shop takings and Sale of purchased Items Fundralslng Shop sales and Sale of purchased Item5 Outings recelpts 92.835 190 1.938 1,117 92,835 190 1,938 100,126 2,446 506 Total 2025 96.080 96,000 104,023 Total 2024 104.023 104.023 InvestmBnt Income Unreslrf¢tsd fundg 2025 Total lunds 2025 Total lunds 2024 Bank Inlerest recofvable 12.305 12,30S 9,428 Total 2024 9.428 9.428 Page 20 Age UK Canterbury IA company Ilmlted by guarant•e) Notes to the Ilnanclal slatements forlhe year ended 31 March 2025 Expenditure on ralslng funds UnrestrlGled funds 2025 Total funds 2025 Total funds 2024 Shop costs Shop depreciation 38.184 1.248 38,184 1.248 46,467 77 Tolal 2025 39.432 39,432 46.544 Tolal 2024 46,544 46.544 Analysls of grants Granls lo Indlvlduals 2025 Totsl funds 2025 Tolal funds 2024 Oulreoch & Olher Funded S8rvices 19 Totg12024 19 19 Page 21 Age UK Canterbury (A Company limited by guaTarrtee) Notes to the flnanclal statements for the year ended 31 March 2025 10. Analysls of expenditure on charilable activltie5 Surnmary by (und type Restricted Unrestricted funds funds 2025 2025 Total 2025 T¢)tsl 2024 Day Centre Mini Buses Outreach & Other Funded SepAces Dernentia Unit 92.692 656.694 51.518 24.427 93.084 749.386 51.518 253.900 1 OS.042 714.664 51.439 214.687 108.634 229.473 11. Total 2025 334.1Z3 825.723 1.159.846 1.089.424 Total 2024 369.532 719.8g2 1.089.424 11. Anaty515 of expenditure by activitles Grant Direct funding of costs activitie5 2025 Support Total funds 2025 Total fund5 2024 2025 2025 Day Centr8 Mlnl Buses Outreach & Other Funded Semces Dementia Unit 549.022 42.611 2CQ.364 8.907 749,386 SI￿18 714,664 51.439 234,082 60,504 19.818 44.538 253,900 104042 214.687 108.634 Total 2025 686,219 273.627 1,159,846 1,089,424 Tolal 2024 828,566 19 260.839 1,089.424 Page 22 Age UK Canterbury (A company limited by guarantee) Notes to the financlal statements for the year ended 31 March 2025 11. Analysls (rf expendlture by activities (continued) Analysls of dlrect costs Outreach & Other Funded S@TvIcBs 2025 Dementia Unlt 2025 Total funds 2025 Total fvnd5 2024 Day Centre Mlnl Buses 2025 2025 staff costs Depreciation Kitchen Minibus expenses Privata car driver8 380,703 62,084 14.363 2,570 12,113 206,113 60,484 649,870 74,197 14363 587,278 70,774 48,694 20.128 20,128 17,339 233 274 Centre shop purchases Entertainment antl outings Repairs and maintenance Training Cleaning Provlslon of services 1,090 1,090 461 1.177 1,040 l217 2,163 7,800 42,744 16.357 4464 46.396 14.314 5.209 16.178 4.464 179 33.766 26,750 20 60.556 35.666 Total 2025 549.022 42.611 234,082 60,504 886,219 828.566 Total 2024 520,536 43,326 196,630 68.074 828,566 Page 23 Age UK Canterbury {A company Ilmltsd by guardntee) Notes to Ihe financial statements for thé yèar ended 31 March 2025 11. Analysis of expenditure by actlvlUe8 (con11n￿d> Anajysls of support costs OulrEach & Other Funded Service5 Dementl Unlt 2025 Total nds 2025 Total funds 2024 Day Centre Mini Buses 2025 2025 2025 Staff costs Legal 2nd professional fees Office expenses Utilits8S Insurance Bad debts Audilor5' remuneration 104.955 8,g07 19.596 44.538 17T.996 164,216 7.127 47.023 24.261 2.879 1.519 7.127 47.245 24261 2.879 1.519 5,163 51.034 27.082 1,956 260 12.&i0 12.600 11.128 Totsl 2025 200,384 8.907 19.818 44.538 273.627 260.839 Total 2024 194.128 8.113 18.038 40.560 260.839 Pag8 24 Age UK Cantethury (A company Ilmlted by guarantee) Notes to the financial statements for the year ended 31 March 2025 12. Slaff costs 2025 2024 Wages and salaries Social security costs Pension costs 746,153 57,855 23,858 690.569 46.393 14.530 827,866 751,492 The average number of persons employed by Ihe Charity during Ihe year Wds as follows: 2025 2024 Employee5 30 The average headcount expressed as fu14ime equiva12nts was: 2025 No. 2024 Employee5 27 24 No employee received remuneralion am¢JJnling to more th￿ £6QOIYI In Éither year. During the finanoal year the Charity5 Senior key management personnel received remuneration and benefits, induding employefs national insurance contribution4 amounting i0 £110.462 (2024: £102,262). 13. Tru5tses' remunerallon and ex￿n￿&S During the year. no Trustees received any TemuneTation ￿ other benefits (2024- £NIL). During the Jtar ended 31 Marth 2￿5. no Trustee expenses have been inujrred <2024- £NIL). Page 25 Age UK Canterbury (A company limited by guarantee) Note¥ to Ihe financial statements for the year ended 31 March 2025 14. Tanglble fixed assets Leaseho Charlty Shop Improv ents Leasehold Centre Improve- ments Furnltwè and EqulprnEnt Minhuses Total Cost pr valuallon At 1 April 2024 Addiknon5 Disposals 61M,199 45,919 15,228 11,704 123,365 174￿80 28,334 (11.178) 917.772 85.9S7 (11.178) Al 31 March 2025 650,118 26.932 123,365 192.136 991551 Deprecioticn At 1 April 2024 Charge for the S￿ar On disposals 428,253 34,232 13,405 1.752 74.917 12.113 131,532 648.107 75A45 (11.178) Al 31 Marth 2025 462N85 15.157 87.030 147,702 712.374 Net book value At 31 M8rdJ 2025 187,633 11.775 36.335 28D.177 At 31 Marth 2024 175,946 1.823 48.448 43.448 269.665 15. Stocks 2025 2024 Stocks 4292 1.819 Page 26 Age UK Canterbury (A company limited by guarantee) Notes to the financial statements for the year ended 31 Marrh 2025 16. D&btors 2025 2024 Due withln one Trdde debtors Other debto Prepayments and accrued ￿coMe 34.684 2,479 114,373 41,818 2.484 44.088 151,S36 88,390 17. CurTenl a550t imiestments 2025 2024 Short-tem) deposit accounts 450,905 300.905 Creditors: Amounts falling the wlthln on& year 2025 2024 Trade C￿ditorS Other ta￿atIOn and social security Othor creditors Accruals and defe￿ed income 14,196 14,901 11.913 12,108 3,982 42,790 42,064 76,105 70.793 2025 2024 Defe￿ed income at 1 April 2024 Resources defer￿d during the year Amounts refeased from previou5 pernds 20,835 15.559 (20.835) 5.000 20.835 (5.000) Deferred InGome at 31 March 2024 15,559 20.835 Deferred income is in relation to grant Incmie received In advan Page 27 Age UK Canterbury IA Gompany Ilmlted by guarantee) Notes to the fjnanclal statements far th8 year ended 31 March 2025 19. Statemenl of funds Statement of funds- current year Balance at 31 March 2025 Balance at 1 April 2024 Transfers inlout Income Expenditure UnrestriGled funds Deslgnated funds Fixed knets Fund Provision for Contingenctes Equlpmént Replacemeni Carerfs Support Fund Redundancy Prolrision Building Malntenance Fund 269.66S 172.000 1.045 n6 84852 10.000 r15A44 85,957 2BO.177 172,000 726 84852 10.000 538.28B (75,445) 85,95T 548,800 General funds General Funds 352.677 7064 ri89.710J (8&957) 444.874 Total Unrestrlcted funds 890,965 967.864 (86&15 9B3.674 Page 28 Age UK Cantèrbury (A company limited by guarantee) Nates ta thè flnaneial statements for the year 8nded 31 Narch 2025 19. Statement of funds (continued) Balancè at 31 March 2025 B8lanGe at 1 April 2024 Transfers inlout Income Expenditure Restrfcted funds Outreach Fund Hardship Fund KCC Community Navigator Fund PÉrsonal Indep8ndenc8 Programme Dementia CoQrdinalor 5,460 751 7,425 (12,8851 751 9,428 111.663 {100.734) 20.357 2,515 5,879 12,284 70.888 63.490 33.914 38.7S0 2.007 (73.403) (60,146) (46,198) (38,750) 12,007) 9.223 DEMO Imago Wellbelng Contract Foolh8alth Sarvlce 36,317 328.137 (334,123) 30.331 Tolal of funds 927.282 1,296,001 11.199.278) 1,024,005 Page 29 Age UK CanteTbury (A company limited by guardntee) Notes to the financlal statements forthe year ended 31 March 2025 19. Statement of funds {contlnued) Statement of funds - PTioryear Balance at 31 March 2D24 Balance at 1 April 2023 Transfers inlout Income ExpendilurE Unrestrlcted funds Deslgnated funds Fixed A5sels Fund Prowsion kir Contingencies Equlpment Repla￿ment Carers Support Fund NHS Vanguard Fool Health Governance Redundancy Provision Building maintenan￿ Fund 237,275 172.000 (TO.851) 103,241 269.665 172.000 1,045 726 726 50,000 5,000 29,852 10.000 (50,OOD) {5,000) 55.000 84,852 10.000 505,898 (10,851) 103.241 538.288 General funds General Funds 379.266 769.241 (695,585) (100.245) 352.677 Tolal Unrestrlcted funds 885.164 769.241 (766.436) 1996 890.965 Page 30 Age UK Canterbury (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2025 19. Statement of funds (continued) Balance at 31 March 2024 Balance at 1 April 2023 Transfers Inloul Income Expenditure Restricted funds Outreach Fund Hardship Fund KCC Community Navigator Fund 6.607 (1.147) (10) 5,460 751 1,349 15881 111.663 2.007 (102.235) (2.007) 9.428 Foothealth Servir Lapwing Personal Independence Programme Va5Eular Equipment Donations Dementia CoQrdinator DEMO ImagD Wellbeing Contract Cost of Living Response Fund 2.408 (2.4081 47.580 {45.045) 1597) (75.059} (29,1611 (74.271) (40.000} 2,515 597 4,140 13,691 35,521 10,000 76,798 27,754 38.750 30,000 5,879 12.284 67,706 341,139 (369,532) 12,9961 36.317 Total ol fund¥ 952,87Q 1,110,380 {1,135.968) 927,282 Designated funds comprlse: a). Fixed Assets Fund A fund that represents the net book value of the tangible fixed assets at Ihe Balan￿ sheet date. bl. Provlslon for Contlngancias This amount has been designated by the Trustees, and wll be used by the charity in the short-terni in the evenl that fviure local aulhority funding is not available, the minibuses need pr8mature replacement or legislation requires unforeseen expense. c). Equlpmont ReplaGement Funds have been raised speclfically to replace equipment at the Centre. This is an ongoing pr[￿esS. d). Carerfs Support Fund Funds have baen speciltcally lo provide support for Carers and wll be held pending such need arising. Thi5 15 an ongoing process. Page 31 Age UK Canterbury (A company lifflited by guaranteej Notes to the financlal S￿￿eMentS for the year ended 31 March 2025 e). NHS Vanguard A fund created to provide potential developn￿lI money f(Y the NHS Vanguard iniliative. an innovalive approach to ser¥ice dellvery. No deci&ons have yel been made regarding when these costs wli I be incutred. . Foot Health Govemance A fund Spe￿ricallY set up to fund ihe govemance costs of the fwt health service when the Chief Exectiva Officer is absent for any period of time. g). Redundancy Provision A fijnd created to, rf the need may arise. enable the tharity to have a pot of money available in order lo payfor any staff redundancy costs. h). Bulldlng MalntenanGe Fund A fund created to assist any major expendilwe that may be inujffed nowthat the lease v￿th KCC has com8 into force. This is an ongoing process. Restricted funds comprlse: al. Outreach Fund Thls Is the lund used to receive and sp￿d ts grant given s￿[i￿calY by Kent cO￿ty Counul for th8 purpose of providing a visiting serwce to care￿ responsible for lootong after ￿Ting for older dementia sufferers In thelr own home& This fund goes towards the employment and expenses, induding the ovethead costs of tsNO part time Outreach workers. who provide valuable support for ca￿T$ in Cantethury and the surrounding ￿lIages, many of whom find 1hetr Ives stressful and tiring with little respite. b). Hardship Fund The Hardship Fund contains those funds donated wilh requests that they be used specifically for indtvidual clients experiendng financral need. We are gratefijl to those donating in Ihi5 vfdyl thu5 providing some emergencyfunding for any of our dients who may be In desperate finanrAal straits. ). KCC Community Navigator Fund A fund to account for the grant given by Kent County Counat to provide the Servi￿ of a Care Navigator for the Dlstrfds of Canterbury, Heme Bay and Whitsiabye. The service 15 worknng in conjuncttDn with INVOKE (Independence through the Voluntary Action of Kenl'5 Elde￿). a partnership between Age UK Canterbury, Kent County Couni?l arnj Eastem & Coastal Kent Primary Care Trust. d). Foothealth Service This has been funded by Canlethury Clnical CommisS￿￿g (knup and CX*vers Ihe costs of provirfing Ihe Foolhealth Service. e). Lapwlng Live Art Practice Wellbelng Inspired Neiwork Group- was a progrdmme led by Age UK cante￿Ury. The proj8ci's main aim was to build the confidence. rApability and capacity of Kent's professional artists to facilitste fflore effectively. to achteve arts nspired °dementia-friendlf and "mental health-alerr communibe& . Personal Independence Programme Integrated care programrne working with local GPS to support the elderly in the community with Iwo long temi medlcal conditions. g). Vascular Equlpment Donatlons Donations received by the Charity to help fund the purchase of vascular equlpmenL Th8se have been used as and when neee&8ary. to purchasa the rewired equipmenL Only a small balan￿ Is carried lorward at the year end. Page 32 Age UK Canterbury {A company Ilmited by guarantee) Note5 to the flnanclal statements for the year ended 31 March 2025 h). Dementla Coordlnator A single polnl of acc855 to provide support for those diagnosed wlh dernentia or suspected demenb'a, their carers and lamlly. The fund p8ys for staff salaries plus all expenses associated with the seNlce. I). DEMO (Dementla Organlz8r6) Group support for people affected by Dernentia. To facilitate Dernentia Cafe's Peer Support Groups. pro￿dIng basic Infomiation and Advlse at CBfé's. The fund pays for s18ff salBrie5, hall hire plus all expenses associated wIth the servtce. 11. Imago Wellbolng Gonlrdct To provide a range of dally aclivitles and b￿riendIng. to help promote health and wellbeing in over 55s. k.) C06t of Llvlng Response Fund Th15 Is funded by Age UK to dellver acliv1ti8slmeal￿end other services to help support and maintain IndepBndence. The fund goes towards salarfes and expenses. 20. Summary of funds Summary of funds - current year Balance at 31 March 2025 Balance at 1 Aprll 2014 Transferg Inlout Income Expendlture Deslgnatèd fvnds General funds Restricted funds 538,288 352,677 36,317 r15,445) (789,710) (334,123) 35,957 185,9571 548,800 444,874 30,331 967.864 328,137 927,282 1,298,001 (1,199,278) 1.024,005 Age UK Canlerbury is an independent charity. We are a "Brand P8rtnerf of the nallonal charfty. Age UK and are responsible for our own financès. Due to cuts and expected further cuts in government fvndlng, we are increasingly looklng for new sources ol fundlng. The transfer into Oeslgnaled funds of £85.957 15 an annual adjuslment mad8 to ensure the carrfed forward balance on the Fixed asset fund agrees lo Ihe Fixed asset nel book valuB carried foThYard The transfer out of restrfcied funds relates to the restflcted Minibus donation belng utillsed and Vascular Equlpment donatlon5. Free reserves at 31 March 2025 were £444.874 (2024: £352,677). This15 sufficlent lo cover our nornial expendilure for around 3 months. The age profilg of our beneltclartes Is increasing. which means our services are more and morè 6ssentlal. Any break In our Sgrvice provision could hav8 a detrimentsl effecl on some af our more vulnerable users. We are anxlous to contlnue growlng both the quallty and level of our sepilces lo the local populatlon. which is why we are seeking new sources of fundlng. We would welcome Ihe opportunity lo dlscuss our charity and our aspirdtions with you. Page 33 Age UK Canterbury (A company Ilmlted ty guarantee) Notes to the financlal stalements for the year ended 31 March 2025 20. Summary of funds (conllnuèd) Summary offunds - prior ye Balance at 31 March 2024 Balance at l April 2023 Transfers Inloul I￿rne Expenditure Designated fijnds General funds Restrtcted funds 505.898 379,266 67.706 170.851) 101241 {695.585) (100.245) 1369.532) (1996) 538.288 352.677 36.317 769.241 341.139 952.870 1.110.380 (1.135,968) 927.282 21. Analysis of net assets between funds- GuThent period RestrlGted Unrestricted funds fund5 2025 2025 Total funds 202S Tangible fixed assets Cuffent assets Credltors due thln one year 280,1TI 789,602 (76.105) 280,177 819.933 (T6.105) 30.331 Total 30,331 993,674 1,024.005 Analysls of net assets between funds- prior ypar Restricted Un￿$t￿cted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Flxed assèt investments Cu￿ent assets Credltors due wilhln one year 269,665 150,000 542,093 0,793} 269.665 150.000 578,410 170,793) 36,317 Tolal 36,317 89),965 927.282 Page 34 Age UK Canterbury (A company limited by guarantee) Notes to the flnanclal statements forthe year ended 31 March 2025 Reconciliation of net movement in funds to net cash flow from operating activitles 2025 2024 Net incomelexpenditure for the year las per Statement of Finandal Actiwknes) ge,723 (25,588) Adjustments for. Depredatlon charge5 Dlvidends. Interests and rents from inve5trnents Increase in stocks Increase in debtors (Decrease) increase in creditors Increase in current a5sel investments 75N45 (12,305) (2A73) (63,146) 5,312 70.851 19.428) 13371 13.007) (12.656) 152.816 Net cash provlded by operatlng aGtivitle5 99,556 172.651 23. Anaty51s of cash and cash equivalents 2025 2024 Cash in hand 213,200 187.296 Total cash and cash equivalpnts 213,200 187.296 Analysi¥ of change5 in net debl At 1 April 2024 Cash flows At 31 March 2025 Cash at bank and in hand quid investments 187.296 300.905 25,904 150,000 213,200 450.905 488.201 175,904 664,105 Page 35 Age UK Canterbury (A company limiled by guarantee) Notes to the flnanclal statements for the year ended 31 March 2025 25. Penslon commitments The Charity operatas a defined conlributions pension scheme. The assets of the Scheme are held separdtely from those Df the Charity In an independently administered lund. The penslon cost charge represent5 contributions payab18 by the Charity to the lund and amounted to £23.858 {2024- £14.530). As at 31 March 2025, conlribution5 of £4.944 were payable to the Charity (2024 - £3,892). 26. Operating lease comrnltments At 31 March 2025 the Charity had commitment5 to make luture minimum lease payThenls under nDn cancellable operating leases as follow5: 2025 2024 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 24,798 74648 23.598 2,294 100 98,444 26,092 27. Related party transactlon5 There were no related party transactions in iha reporting period. There are no amounts culstanding wlth any related parties al the Balance sheet date12024: £NII). Page 36