## **AGE CONCERN STOURBRIDGE & HALESOWEN** ## **REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2024** |**CONTENTS**|**PAGE**| |---|---| |Company Legal and Administrative Information|2| |Chairman’s Report|3| |Structure, Management and Governance|4| |Achievements & Performance:|| |Financial Review|4| |Income & Expenditure Reviews|4 - 5| |Advice & Information Review|5 - 6| |Future Plans|6| |Appendices:|| |Appendix 1
Our Results in Brief.|| |Appendix 2
Pie Chart – Income & Expenditure 31stMarch 2024.|| |Appendix 3
Bar Chart – Income & Expenditure 2024 & 2023.|| |Appendix 4
Statement of Financial Activities.|| ## **INDEPENDENT EXAMINER’S REPORT** |Report of the Trustees|1 – 2| |---|---| |Independent Examiner’s Report|3| |Statement of Financial Activities|4| |Balance Sheet|5 - 6| |Notes to the Financial Statements|7 – 13| |Detailed Statement of Financial Activities|14 - 15| **FRONT COVER: Photo shows Kim, Centre Manager, and Lee, Kitchen Manager.** - 1 - **AGE CONCERN STOURBRIDGE & HALESOWEN** ## **COMPANY LEGAL AND ADMINISTRATIVE INFORMATION** ## **FOR THE YEAR ENDED 31[st] MARCH 2024** ## **TRUSTEES/DIRECTORS who served during the year:** David Harbach – Chair of Trustees Gaye Partridge – Vice Chair Dr Paul Collins Brian Mitchell (appointed 15.6.23) Brett Bowen (appointed 21.9.23) Julie Sheldon (appointed 21.3.24) **SECRETARY:** Brian Mitchell FCCA **CENTRE MANAGER:** Kim Guest ## **REGISTERED OFFICE:** The Elton Centre Tel No: 01384 390065 St John’s Road E-mail: acshstourbridge@gmail.com Stourbridge Website: www.ageconcernsh.org.uk West Midlands DY8 1EJ UK **Charity Registration No:** 1096783 **Company Registration No:** 03266213 Company limited by guarantee; Registered in England. ## **INDEPENDENT EXAMINER:** Dalton Pardoe Limited Chartered Accountants 794 High Street Kingswinford West Midlands DY6 8BQ **BANKERS:** HSBC 114 High Street Stourbridge West Midlands DY8 1DZ ## **SOLICITORS:** ## **PENSION PROVIDER:** Higgs & Sons 3 Waterfront Business Park Brierley Hill West Midlands DY5 1LX Legal & General - 2 - ## **CHAIRMAN’S REPORT 2024** The last twelve months has been one of significant challenges but also marked by resilience and community support. The fiscal year ending 31[st] March 2024 presented us with unexpected hurdles. Due to the economic uncertainties and unforeseen expenses, we faced a deficit in our budget. Despite this, we remained steadfast in our commitment to our operation. Our financial stability remains robust, thanks to the efficient management of resources available to us. As we move forward, we are focussing on sustainability and growth. We are implementing cost-saving measures and exploring new funding opportunities to assist in this. Our commitment to our mission remains unwavering, and with continued support, we are confident in overcoming future challenges. Collaborations with governmental agencies, healthcare providers, and educational institutions have enhanced our ability to deliver comprehensive services. These partnerships have facilitated resource-sharing and knowledge exchange, benefitting both our organisation and the community. Looking to the future, we are committed to promote the rights and well-being of older people and to ensure that we raise awareness about ageing related issues. We will continue to adapt to the evolving needs of older adults, ensuring that our help and advice remain relevant and impactful to create a community where aging is embraced with respect. On behalf of the Board of Trustees I extend heartfelt gratitude to all our volunteers and staff who, through hard work and commitment, have contributed to our progress. Their dedication and support have been instrumental in improving the lives of older people in our community. In conclusion we are proud of the progress we have made in supporting older adults with their day-to-day issues. We have had influence in the lives of many. We will continue our efforts to build a society where every older person can live with independence, dignity, and joy. ## **David Harbach** **Chair of The Board of Trustees** - 3 - ## **STRUCTURE, MANAGEMENT AND GOVERNANCE** Age Concern Stourbridge and Halesowen is a local, independent charity which has been providing care to older people since 1975. Our aim is to offer practical support by providing services that help the over 50’s in the Dudley Borough to get out and about, meet friends, keep active, stay healthy and generally live life to the full. Our Elton Centre in Stourbridge provides a range of activities such as bowls, exercises, art & crafts etc., plus an Advice & Information service providing free help on benefits, health and social care etc. Exercise classes are also provided at Halesowen Town Hall (previously “The Cornbow”). The Elton Centre is also available for hire by local community organisations. Age Concern S&H is incorporated as a charitable company limited by guarantee and not having a share capital. Accordingly, the trustees of the charity are also directors for the purposes of company law. The constitution of the charity is contained within its Memorandum and Articles of Association. Management of the Charity is by the Board of Trustees/Directors who are committed to the principles and practice of good governance as issued by the Charity Commission and as contained in the various associated Codes for the voluntary and community sector. Annual accounts are subject to an independent examination by an appropriately qualified Chartered Accountant. ## **ACHIEVEMENTS & PERFORMANCE 2024** ## **Financial Review:** Accounts for the year ended 31.03.24 show a net decrease in funds (“loss”) of £14,321; as compared with the previous year’s gain of £9,021. The loss this year is mainly due to higher costs associated with new staff and significantly higher energy costs. (See Expenditure Review below). Total Balance Sheet Reserves as at 31 March 2024 remained healthy at £527,296; previous year £541,617. Including Total cash reserves as at 31.03.24 of £89,902, as compared with £103,099 as at 31.03.23. Reserves also include as an asset the Elton Centre which is owned by the charity. A professional valuation carried out in 2017 gave a market value in the region of £285,000. Full financial statements prepared by Colin Dalton Limited form part of this Annual Trustees’ Report. A summary of these statements is provided in Appendices 1 – 4 attached to help readers better understand the charity’s results. Supporting notes are included in the Income and Expenditure reviews below (and in the later Independent Examiner’s Report). Appendix 1. Our Results in Brief; Appendix 2. Pie Chart - Income & Expenditure for 2024. Appendix 3. Bar Chart – Income & Expenditure for 2024 & 2023; Appendix 4. Detailed Statement of Financial Activities. ## **Income Review:** ## Activities Leisure activities for our older clients continue to be popular with a range of activities including indoor bowls, art & crafts, exercises (including yoga, tai chi and pilates), harmonica club etc. The Elton Centre also has a café providing daily refreshments and Sunday lunches. In the year ended 31 March 2024 these activities brought in total income of £48,648 (2023: £39,448). - 4 - ## Room Hire Since re-opening in May 2021 our Centre Manager, Kim Guest, has been successful in attracting a wider range of bookings and age groups which has been important in making the Centre viable (and more vibrant) and thus helping to achieve its aims of caring for older people. Following the significant loss of local authority grants in April 2017 and the impact of Covid-19 restrictions subsequently, the extra income from room hire has proved essential in the charity’s survival. During the year some 17 local groups hired rooms within the Elton Centre on a regular basis for a variety of family-orientated activities. Bookings also included a local pharmacist using the Centre for carrying out Covid-19 and flu vaccinations. Room hire not only generates extra income for the charity but also provides a valuable community service, as well as promoting the charity’s location and facilities. In the year ended 31 March 2024 room hire brought in total income of £17,240 (2022: £21,825). ## Other Income Other income received in the year of £18,689 came from donations & grants, fund raising events interest etc. (2023: £17,861). Grants received in the year of £3,477 helped to fund new projects identified by the Board for new flooring in the foyer, a new photocopier, and a new CCTV system. Fund raising events raised £6,311, including Christmas fayre, Christmas party, kurling, quizzes, afternoon teas, Coronation celebration, bowls tournament, 80s events etc. Donations raised a further £3,511, including a £1,000 legacy, a number of “in memoriam” donations (including Fred Hunt, ex-Chairman), plus other general donations. Other income of £5,390 comprised £2,838 from interest received, and £2,552 from other miscellaneous items. The charity is grateful to those people who supported us by attending events and making donations. ## **Expenditure Review:** Total expenditure in the year to 31.03.24 was £98,898 as compared with £70,113 in the previous year, an increase of £28,785. Increased costs reflect increased activities generally plus the following significant items: - Increased staffing costs including volunteers - and contractor. + £14k - Increase in energy tariffs due to the war in Ukraine etc (an increase in costs for the year of + 39%) + £5k - Increase in repairs, including emergency repairs to blocked drains. + £2k ## **Advice & Information Service Review:** An important part of the charity’s work is providing information and advice to older people on a range of individual problems including benefit claims, debt advice, mobility etc. – many of which now require completion of claims on-line. This is a free service, although clients are invited to make donations. With the current cost of living pressures we have seen a significant increase in enquiries ( _see below_ ) and in the issue of grants and shopping vouchers. Many enquiries now come from referrals from other local agencies including CABs. In the year ended 31 March 2024 our staff provided help to 3,659 clients as compared with 1,242 in the previous year (+ 66%) - 5 - ## **Advice & Information Service Review:** ## **Continued ….** The service is provided by a team of volunteers with CAB experience. Upgrades to our computer and telephone systems have improved facilities for staff and clients, plus a greater use of social media and our website to promote the help available. Additional services to support the community have also been developed including a bereavement help group, and participation in Dudley Council’s initiatives such as Warm Welcome, Talkin’ Tables and Ageing Well events. ## **FUTURE PLANS** As reported in the Chairman’s report (page 3) the charity will be focussed on sustainability and growth in the coming year, and its ongoing commitment to the well-being of the older people we serve. In 2025 Age Concern Stourbridge will be celebrating 50 years since the charity was originally started by a small group of church and scout volunteers who saw a need locally to provide a support network for older people who were vulnerable for various reasons. Specific future plans and strategies include: - To implement cost-saving measures and to explore new funding opportunities. - To ensure that the building and equipment infrastructures at the Elton Centre are “fitfor-purpose”. This includes progressing energy cost saving measures to replace an outdated boiler and heating system, and improved parking facilities. - Ongoing development of our Café/Kitchen as a viable service is considered a priority in terms of generating increased footfall and income. - With the closure of other local offices such as Age UK Dudley, and Stourbridge Citizens Advice, there is a particular need to extend our information services for older people due to increased demands. Recruiting and training more volunteers is a necessity, as also is the opportunity to extend the areas we serve. - Due to cost constraints the recruitment of more volunteers is seen as important to meet users’ needs whilst also ensuring that the charity remains viable. Currently volunteers are a valuable addition in supporting our kitchen, advice & information, and garden. Volunteers also include our trustees and the need to recruit new trustees with the necessary skills and commitment to implement future strategies and changes. - Age Concern S&H is a member of a Limited Liability Partnership (LLP) with other local organisations and charities. The LLP was formed to explore tender opportunities and to prepare bids using the shared resources of its members. Any successful bid will be beneficial to the charity’s funding and future growth. - The Charity recognises the increasing importance of Social Media generally to promote the presence and services of Age Concern and the Elton Centre. Progress has been made with an improved website and a greater presence on Facebook etc. A new Trustee with communication and public relations skills has been appointed and will be preparing a comprehensive Marketing and Communication Plan to further develop how we use social media and to build links and promote growth. The charity’s website www.ageconcernsh.org.uk and Facebook E **ltonCentreStourbridge** can be visited to find out more about the charity and the latest news on what is happening at our Elton Centre. ## _**Please do take a look.**_ - 6 - ## **@ The Elton Centre** ## Stourbridge & Halesowen ## Report of the Trustees & Financial Statements For the Year Ended 31 March 2024 **----- Start of picture text -----**
Zz
**----- End of picture text -----**
**----- Start of picture text -----**
CAFÉ’, SUNDAY LUNCHES
**----- End of picture text -----**
**----- Start of picture text -----**
EXERCISE, FITNESS CLASSES
FUND RAISING EVENTS -
ENTERTAINMENTS
TAI CHI, PILATES, YOGA
DAY TRIPS
LINE DANCING
FOR FAMILY CLASSES
OLDER
BOWLS PARTIES
PEOPLE
AND SLIMMING WORLD
ART & CRAFTS
SO MUCH
MORE VACCINATIONS
HARMONICA
K x
MEDITATION
**----- End of picture text -----**
**FUND RAISING EVENTS - QUIZZES, KURLING, TABLE TOPS, ENTERTAINMENTS** **Registered Charity No: 1096783 Company Registration No: 03266213 www.ageconcernsh.org.uk** - 7 - REGisfERED COMPANY NUMBEIL. 03206213 (EnEland #nd Wales) REGISTERED CHARITY NUMBER: 1096783 Report of the Trustees and Unaudlied Stsleuxnts f•r the Year F￿dea 31 M•rth 2024 ror AGE CONCERN STOURBRIDGE AND IiALESOWEN Dalkni hrdoe Limi*d 794 HI￿ Sire¢t Kin8swinfowd We51 MidlJJv]s DY6 8BQ ACE CONCERN STOiIRBRIDGE AND HALESOWEN Contents ofthe Finanrial Statements for the Year Ended 31 Marcb 2024 Report of the Thutees Independellt Exwnlnerl8 Report Statement ofFinancfial AcllvldeA S to 6 Notes to the Flnandal Stxtements 7 to 13 Detslled St4trm¢nt of Vlnanclal Athlil 14 to IS AGE CONCERN ￿ouRBRIDGE AND HALESOWEN Report ord* Tn for the Year Eftded 31 Marth 2024 The tr￿Slee5 who 8re also dirKtors of the tharity for the Pu￿OSe8 of the Conjpanies Ad 20(hS, pre￿1 their report Mry1h the finoncial Statem￿lS of Ihe charity for the yr4r rnded 31 Marth 2024. The trustee5 have adopted the provisions of Accountin8 and ReporDn8 ￿. ChaTitia5: Stalem￿1 of Re￿Mmended Pwtice appli￿1¢ to ¢haritic5 preporin8 their accounts in accord8nc¢ with th¢ Financial Reporting Stsndard applicable in the UK and Republic ofireland (FRS 102) (eifedive l January 2019). OBJEcfivFS AND AcrtVlT Objectives and Activities The objeclive for which the chariiv is established is Yo promole the relief of eldety people in R manner whith now or hereafter mav be dccmed by law to be chariiuble in and around Swurbridg¢ and Halesowm and the surrounding ar￿, Age CoTrcem Sts)urbridge and Halesowen is a local indepeJMleth cjwity h&5 beffj providing care to older people ror oi'er 40 y&vs. Our Elion Centr4 Stourbridg¢ proi'idas a Tange of services and activitics including bowls, exercises, arts and crafty café and Sunda). lunthes eto Also an Inf0m￿tIon O(fJc£ offering free advice help ijn benef￿, health and social care e¢¢. Our El¢on Centre As also available for hire by local community organisali¢)ns. Weekly ￿erCiSe ore also held al Hajesowen Town Hall (The corn1x)￿). ACHIEVEMENT AND PERFORMANCE See separale Tn￿leeS Report for details of athin'ements and perform￿rE durin8 thevear. FINANCIAL REVIEW The net deficit for Ihe yeor amounted lo £14,321 (2023 - £9,02J su￿1￿S). Total funds reduced over Ihe yeor under vithv from £541.617 kn £527296. It is the policv of the charity that unrestricted fun¢ts which have not beth d&Siwt￿I for a specific we should be moinlained at a Im'el equivojenl lo between six and twelve month5 expendiluro The In￿lee$ consider Te5erves ot this level Mryll ensure thaL in Ihe event ora si8nifJcant drop in fundin& they will be a￿e to witinue the thaJitN"s currenl octsvitie5 thile consideration is gii'en to ivuys in additional funds may be rAised. This levcl of r&5¢rYes has been maintained throu8houi the YLW. STRUCnJRL GOVERNANCE AND MAF4AGEMENr GoVu￿1￿￿ dotument Age Concern Stourbrid8e wid HaiesowLm was reBiStered iTrith Companies House and the Charity Commission on 1st April 2010. The compony is limited by gurnlee. not haling a share capilal. An ￿d01￿1 Articles and Memorrndum of Association was approved for the charity ivhich incorporatrd changes intrimlucd by the Companie5 Act 2006. The dwity's Governing Document is the Artides and Memorandum of Associalion. The th'rectors ofthe company are also the inLthes for the Purp￿ oftharity law. REFERENCE AI¥D ADMINISTRATIVE DETAIIS Rtglslered Company Dumber 03266213 (Fngland and Wales) ReRlstered ￿arIty number 1096783 Rezljternl offlee The Elion Cenlre Si John's Road Stourbridge West Midlands DY8 IEJ Page I AGE CONCERN STOURBRIDGE AND HALESOWEN Report of tbe Tru5tce3 ror the Year Ended 31 March 2024 Trusttrs D Harbach - Chairnian F S Hunl {deCea￿d 1.6.Z3) G Parin"d&ie Dr P H Collins B Mitchell FCCA (appoinied l 5 6.23) J Sh¢ldon (appointed 21.3.A? ) B J Boii'en (appoini¢d 21.9.23) compa￿ Seeretsry B Milchell FCCA Independent Eiaminer Mr C Dalion FCA Dalton Pardoe Limi*d Chartered Accowitsnts 71)4 High Street King￿1]nfOrd W&£t Midlands DY(p 8BQ GOtNG CONCERN Ai the time ofapproi'ing the accounts: the In￿lee5 hai"e a reasonable eNFttLaiion that the charity, hLs adequate resources lo continue in operaiional c￿lS1￿ce for the foreseeable future. Th￿$ the irustees C￿￿"nue to adopt the going concem basis of accounting in preparing the accounts. TRUSTEES, RESPONSIBIUTY STATEMENT The tnL8te&s Imtho are a]so the direaors of AGE CONCERN STOURB]UDGE AND HALESOWEN for the purposes or company laii") are rwonsible for prepanng the Report of the T[W%t¢￿ and the financial SW¢m￿ts in accordance iiith applicable laiv and United Kingdorn Accounting Standar(ts (United Kingdotn Generalli" Accepied .4ccowits'ng PractiLe) including Financial Reporting SL￿dard 102 "The Finanaa] Reporting Sthndard applicable ill the UK and Republic or Ireland.. Compani. law roluires the I￿￿te¢S to prepare financial sLtrM￿ts for eath financial l'ear V4thich gil'e a Irue and fair ie%i" of the S￿e of atrairs of the charitable wtnpani. and of the incoming re5wrces and application of resources. including the income and ￿pendItur& of the charitable compam, for that penod. In preparing those financiat ststemtnts. the tntsiei% are requir￿ select suitsble accounting pK)licie5 and then 04JpI)' them C(￿SIstent￿. obseThe the nJetho(L8 and winapl&8 ￿ the Charity. SORP" mak.e judgem￿115 and estima*s tha( are Te￿onable 2nd txwdent" prepare the financial 5Ltrments on the going concern basi5 unless 11 is inappropriate to pr&sume the thanthble compam., iiill coniinue in b￿lneSS. The are responsible for k.eeping proper accountsng record5 ithich disdose with r￿s(￿able accuracy at an)" time the financial posilion of the tharitable compan!. and ￿ enable them ￿ ensure the financial s￿eM￿lts compl!, iiith the Cornpanits Aci 21K)6. The%" are ajso responsible for 5afguarding the ￿ets of the thariiable comptsny and h￿ce for thk.ing r&isonable steps for the prei'ention and defrcuon orrraud and other irregulariiies. This repon been prepared in accordance Mryth the special proiisions of Part li of the Compani&£ Act 2¢N)6 relats.ng to small companis5. Approved b), order of .. and signed on its behalf by.. D Harbach - chairni￿ - TnLStee Page 2 Indepen(leni Examiner's Report to the Tntsltts of AGE CONCERN STOURBRIDGE AND HAIISOWEN Independent eLgminfx's rtport to the trwltts of AGE CONCERN STOURBRIDGE AND HALESOWEN ('the Company, I report to the chatity trw51ees on tni, examinati￿ of the accounts of the Comp￿. for the ended 31 March 2024. Responsibilities and basis of As the Charl￿ s ￿te£S ofthe CoTnpany land also its th'reclors for the purposes of compan) I￿v) l'ou are rc5ponsible for the prepatalion of the accounts in accordance Mith the requiiements ofthe Companies Act 20U6 (Ihe 2U(K) Acl,). Hal'ing satisfied m)'self that the aCCo￿ts of the Compans. are not r84uired to be auth'ied under Part 16 ofthe 200G Acl and are eligible for independ￿1 ￿aminatIon. I report in r&speci ofm!" eyaminatson of )'our chari15 s accounLS as carried out wider Section 145 of the ChuÉii& Act 2(11 l ('the 21111 ACV). In carTr'ing oui mi, examination I hai'e followed the Direclions given bv the ChariN' Commission under Secllon 14.5(5) (b) ofthe 2011 ACL Independellt examiner's statement I hllve compleled nTh" ￿amIna110￿. I confirni that no matleTS hai'e cotne lo rn, ￿tt￿tIon in connection iiith the exaniination &J ji'ing me ca￿¢ lo beliei-e. accounting recor&8 ii.ere not kept in respecl ofthe CompanN' as required b), Section 386 of the 2006 Act: or the accounts do nol accord ￿7th those records. or Ihe accounLS do nol complj" iiith the accountsng reqUirem￿ts of sectt.on 396 of ihe 2006 Acl other Ihan anv requIrem￿l Ihal the accounts gil'e a In￿ and fair iieK V+thich is not a maiter considered as part of independeni examination" or the accounts hai'e not be￿ prepared in accordance V4ith the methods and principlcs of the Stalemenl or Recommended Practice for aCCo￿lting and rep)rts"ng h" chan.ties (applicable io charities prepaTing their accounts in accordance Iiith the Financiaj ReportÉng St3ndard applicable in the UK and Republic of ireland (FRS 102)). I hai'e no concerns and hwa"e con)e across no other maUu5 in comection V4ith the e￿aMinatIon ts) ithich attentiw should be dramn in this report in order io enable a proper wdersLThding of the accounts ￿ be reatheit Mr C Dalton FCA The Instilule of Chartercd Accountants in England and Wales Dalton Ptsrdoe Limiied Cliartered Accountsnts 794 HIJ Streei KIng5￿7n[0rd W£st Midlands DYC) ¥BQ li Page 3 for the Year FA￿ed 31 Marth 2024 31J24 Tolal 31.3.23 Total funds runds rund INCOME AND ENDOWMENfs FROM Donations and grants 3AiO 3878 11,808 arftable atllvities 39,448 Other trading aclivities Inv￿￿ent income oth￿ incoTh 23Wi 25,947 1.050 881 Total 79.134 EXPENDITURE ON Raising 5.981 Chw*iable atlmdes - Eypenditwe .179 91067 63.412 Other 720 720 io 70.113 NET INCOMLI(EXPENDITURE) (J3?lJ) (4JD) (14J21) 9.021 RECONCILIATION OF FUNDS Total fun& brow fon+inl $41ffj17 531596 TOTAL FUNDS CARRIED FORWARD 51 527 The fom) of these fmancial slateM￿ts P4e4 AGE CONCERN STOURBRIDGE AND HALLSOWEN 31 Marth 2024 31J24 Totsl funds 3J.3.23 Total funds rund No*s FIXED A&sErs Tangible assets Unlis*d in￿&$1ments 12 13 424J14 11*33 436th47 436.?53 42S814 liJ33 437ffj47 437253 14 15 400 Debtors Cash at bank 5.229 108.728 CREDITORS Amounts fallin8 due ivithin one )'ear 16 (7m9) (7059) (4,364) NET CURRENf ASSETS 89 104.364 LIABILITIES 514795 527396 541,617 NET A&SETS 12 $27 514 795 ￿96 541617 17 Unrc5trictcd funds: G•)erai fund R￿trIC*d funds: R￿￿Icted funds 514.795 528.706 12 527 The chwilable compami is thtitled ￿ exemption ti￿11¢ under secti￿ 477 of the Conwkni&% Ac(2006 for the year ded 31 Marth 2024. The members hai'e nol re￿￿red the Company lo oblwn • Amlil of its financial slaluwts for the yeor ended 31 March 2024 in accordan￿ Thith SectioTr 476 of the C(xnpwyes Act 20(K•. The In￿letS acknoffi4edge thelr responsibilities for (a) ensuring that the chaTi¢able compTh.' Le¢ps acaKmtsn8 records ￿Y Ivith SKtions 386 al￿ 387 of the Companies Act 2006 and preparing financial sL*ments Ththich gil'e a InK and fair view ofthe sL￿e ofaffairs ofthe thariLible companv &$ al the cnd of eath fJnan(ial year and of its 5wplus (K defjcit for cath financial ycaT in accordance with the requirememts of Secticffis 394 and 395 and A￿l¢b othuwise coM￿Y with the requirem￿ts of the Compani&s Acl 2(X16 rdaling to finanLial slalemffll& so far as applicable kn the dwitsble cornpany. (b) Page 5 ¢ontinued.. AGE CONCERN STOURBRIDGE AND HALESOWEN Balante Shett- continued 31 Marth 2024 These financiat sta￿MenL% have bttn prepared in accordance with the proTri5ions applicable io tharithble companies subject to the small companie5 regime. The ali ial statements ii'ere approved h. the Board of TnLS*c5 and auihorised for issue on . and il'ere signed on its bthallbv: - Chwrman- Trustee The noles fonn part ofthose fJnanciaJ statements Page 6 AGE CONCERN sfouRBRIDGE AND HAtLSOWEN for the Year Wed 31 Marth 2024 ACCOUNTING POLICILS Basix of preparing the finantial statements The financial slalemeJ)ts of the clwitable compry. ￿1th is a public b￿￿11 ffltilv under FRS 102. have b prryared in accorkn with the Charities SORP (FRS 102) 'Accountin8 and Reporting by Charities: Slalement of Recomrn￿￿ Practice applicable to rlwiti¢s prepry their &C￿￿lts in accordance with the Financial R¢portinB Standard applicoble in the UK Rwblir of Ircland (FRS IW2) (eiTective l January 2U19)', Financial Reporting Sthndard 102 The Finanrial Repth1ing Stand4Td applicable in the UK and Republic or Ireland, and the Companies Act 2U06. Th¢ fin￿la1 sta*ts hav¢ bcffl prwarcd ￿der the historical convthtion. Ciilical a¢¢outylioE Judytyepts aud key sourres ofesthnth uocert210ty In Ihe application of the clwifv's accountin8 polici4 Ihe thtstees ate requiral to maL"e judgem￿￿ estimates and 0￿w￿pItonS about the ¢anvin8 amount of &wets and liabilities that are nol rradilv ￿Par￿t from other sources. The &stimak8 and &ssociatrd assumptsons are based on historical ￿p￿le￿ce and other faciot5 a Consid￿ed to bc rdcvanL acts￿1 may differ fn)m these e4imotr6. The ￿tiMat￿8 and undul)ryn8 assumptions are revievKd on an on80in8 basis. Revisions to a¢￿Unting wtimates are recognised in the paiod in ￿1¢h the eslimale is revised Ththere the rnision a(r￿ts that p￿70¢ or in the p¢riod of the revision and firtwe periods there Ihe revision affects both current and fillure period& In¢ome All inC￿ne is recognised in the Sialemenl of FIn￿¢tal Adii'ities once the (knrity has entsUern￿I ￿ the funds. IL is probable the Inco￿ will be received and the amount can be me&wred Teliabty. pendllwr Liabiliti&8 are recognised ￿ eX￿ditUre as soon Is theJe is a legal OT ¢￿SIN¢t1Ve obligation cornmitiinE Ihe d)arity' ￿ that ttyenditUf< jl is probablc a transfer of economic knefits Mill be required in setuement and th¢ arno￿1 of the obligation con be metsured reliably. Exp￿di￿￿e is aCCo￿ted for on an acctuals b￿18 and h45 been cl&85ified under heAdings that yegatc all cost relat￿1 to the category. Where costs cannot be directhi autibuied ts) partiadar headin8s thev hai'e been ojloctt*d lo acliviti&s on o basis consistenl ￿7th the use of T￿gIble ts¢d wsets Depreciation is provided at th¢ folloivin8 atmual r4les in order to Thyite off eKh asset ov¢r its estimoted ￿efUl life. Freehold propuD" Fixtures md fillin8S nol provid¢d . 20% m cost No deprecialion is provided on frethold proputy 4 in the opini¢m of the tru51ees Ihere hns bm on increo8e in the i'aiue between the all￿ of purch￿ and the bal¥Ke sheet d￿¢. Flxed auet Onvtjthients Fixed asset inveslmcnts are Sthled at valu Rdated party exemption The d)arilable companv has lfjken advonts8e thelenjts of Financial Reporting Stondard 102 The Financial Reporting SL￿dard applicable in the UK aJMI Republic of I￿and,, not kn disclose relaied portv trmsacts¢Jns Rryth ￿lty omned subsidiari&8 within the gmup. Stot S¢o¢ks are valued 1£ the loi%ff of c(st realisable Wal￿ after * due ailowmce for obsole* ond slow moviTI8 Alej￿￿. The charity is exanpt from COTporatiffl l&Y on its chaTi18ble activities Pa8e 7 for the Year Ended 31 Marth 2024 ACCOUNTING POLICIFS. ¢ontinueal Fund 2ccounling Unrestricwl funds be ￿ed in accoTknce the dwitabl¢ objexlives At the discrdirn ofthe tTU51ees. Ra5tricted funds can only be wed for rArticular restrtdcd Pu￿05eS within th¢ obJ"e¢ts of the charity. Restrictions ￿lse specified by the dmoror [￿d5 ￿e tai*l r(Y parlicular restrided pu4Joses. Further explan￿}0￿ ofthe nalure and pU￿oSe ofexh fund is induded ffl the no1¢5 to the financial Stht¢m￿ts. GolnE eontern At the time of approviTh8 the accort the trwtses hav¢ a reas(xMW¢ that the tharity has adequate ruources to continue in oper￿10￿￿1 exIst￿ce for the C(Ktteeable the In￿le¢S ¢4)ntinue (o ndopl the 80in8 Con￿ bA5iS of a¢￿1￿8 in prepaw the acco￿1& OTHER TRADING AcfiviTIES 31J24 31.3.23 Roorn hi Fw)'r&jumble sales Mlscdlmeo￿sUTrdry 17240 &fj56 755 21,825 3.891 231 25.947 INVESTME￿ INCOME 31J24 31.3.?3 1ft￿Nn¢ from inv¢5tsnmts INCOME FROM CHARrrABLE AcriiTriLS 31JJ4 31.3.23 Adiiity - Income - Income - Inamne - Income Kilchen Exercise (Combow) Bowls Keq) fitlyoga Art and crarts 2&107 14,763 7,694 7,479 7.213 7.130 705 Page 8 conlinue&.. for Year Eamled 31 Mareh 2024 RAISING FUNDS Railing donations and legades 3JJ24 31.3.23 Other fundraising costs StstTcosts 2.677 CHARrrABLE ACTtVmES COSTS Direct Costs (see nole 7) - Eyprnditure DIRECT C(KSIS OF CHARITABLE Acmry 31J24 31.3.23 sthff costs Deprecialion (net of8rants) Kitch￿ and shop purth&s Athivities 3S148 2307 AO067 10.170 21.664 1045 8.815 9,167 J.226 4.494 10,575 3,594 1.832 Repwrs and mainlu)ance G￿. electricity ond waler Adminislralion cc6ts Rd¢Ase of restsitxed runts 15,003 4800 9A 63.412 NET INCOMFJIEXPENDrruRE) Nd incom&{expu)diture) is stated ts chargu1￿((￿lilin8). 31J24 31.3.23 Depreciotion - ￿ets Indep￿dent ￿lmin¢T5 fee S403 720 3.876 720 Pa8e 9 continued.. GE CONCERN sfouRBRIDGE AND HAl￿wEN ror the Yetr Ended 31 fvlarth 2DZ4 TRUSTELS, REMUNERATION AND BENEFIIS No Truslee received r•mVw￿0n in either 2024 or2023. There no Intstee¢ expemsas paid for the vear fflded 3IMarch2An4 nor foT the v¢ar fflded 31 Marth 2023. STAFF C(￿75 Were made up &5 folloivs: 3lJ24 31.3.23 Wages and salwies Volunleers 29ASS 17.149 1490 5.329 Thc averagc M￿￿thIY number Or￿loyeeS thing the vear was as folloTh¥ 31J24 31.3.23 Clerical Cleanets No employeas e4nolutnents IA of £25.UW. 11. CO￿ARATIVLs FOR THE &fATEMENf OF FINANCIAL AcfiviTIFS Totsl fun(L8 fimd INCOME AND ENDOWMEKfs FROM Donalions and grants 1.847 9.961 11.808 Ctharliable x(iviOe8 - In¢ryne 39.448 39.448 Other Irading a¢tivits¢s Inve51ment income Other in¢ome 25.947 1.050 881 25.947 1.050 881 Totsl 9.961 79.134 Ratsing runts 5.981 5.981 aritable - Eypenditure 61580 1.832 63,412 Other 720 720 Totsl Pa8e 10 clmtinued.. for YearEDded 31 Marth 2024 11. COMPARATIVES FOR THE STATEMENT OF FINANaAL AcfiviTIFS. tmthjued fi￿d funds NET INCOME 8,129 9,021 RECONCILIATION OF FUNDS TO1￿ funds brough¢ forward 527.814 4.782 532.596 528.706 AL TANGIBII FIXED ASSETS Fixiur¢s Frethold PToperty rittings Tolals cosr Ai i April 2023 Additsons 416002 131.772 544174 Al 31 Marth 2024 416 137 DEPRECL4TION At l AprAI 2(b23 Charge foTyeaT lJl921 111921 Ai31 Marth 20 NET BOOK VALUE Al 31 Marth 2024 416 436 A¢ 31 Marth 2023 416.402 436253 No dcprecialion is provided fred￿ld proputy 4 An the opini(M of the In￿¢¢$ thtte been an Incre￿ in the value between the date ofwthase and the iw1￿Ce sheel da Unlisied investsnents MARKET VALUE At l April 2023 31 Marth 2024 NET BOOK VALUE AL 31 Marth 2024 At31 MoTth 2023 Page 11 conlinued.. for the Year FJMled 31 March 2024 A& STOCKS 31J24 3 J.3.?3 Sts>cks 400 I& DEFTORS: Amoll￿[S FALUNG DUE WITHIN OY4E YEAR 31J24 31.3.23 16. 31J24 31.3.23 Trade creditors Social secwity llnd other A¢¢n￿S and defured Anr 4A97 1.759 22] 17. Nd movan￿l funds At 31.3.24 At J.4.23 Unrestiitted funds (13911) 5A4.795 Restslcted IbDds Rastsi¢led f￿dS 12911 (410) TOTAL FiJNDS 541 527 17 ￿11) a96 Net movemurt in fvnds. Indud￿l in Ihe above arE as foll Incoming Resources Movemenl in funds G￿er31 fund SI￿9 195,010) (1391 l) Restrlcted Restricfrd funds 3A78 (3W8) (410) TOTAL FUNDS 14 77 ￿21) P4e 12 continued.. for Ihe Year Ended 31 Marth 2024 17. MOVEMEY4T IN FUNDS- efmlinwd Compar•tfves for movaneni kn fimd8 movemenl in funds At 31.3.23 At 1.4.22 Ullrestricted funds Gener81 fiwd 527.814 528.706 Restricted Ibnds Reslricted funds 4.782 129 12,911 TOTAL FUNDS 53 541617 CompAratsv¢ na movemffll in funds. induthl in the aiK+V¢ ue as followx In￿mIng Resources pr￿ded Movement in fwid5 Unrestrlrted fuAdJ General fimd 69,173 (68,281) 892 Restrlrted fundi Restricied funds 9.961 {1.832) 8,129 T(YfAL FUNDS 79.134 70113) I& RELATED PARTY DISCLOSURLS There w'ere no Tel￿ed Party tr•￿tiOnS for the)"¢ar •dwJ 31 Marth 2024. 19. ULTIMATE coKfROiAThG PARTY The chatity is controlled ty its Tn*c4 Page 13 for the Year Ended 31 Mar¢h 2024 31.3.24 31.3.23 funds funds funds funds INCOME AND ENDOWMENrs Donarfons and grants Donations and 8rants 3510 3878 6P88 11.808 Other tradlng Aethrftles Room hire Fa).r￿fjUMbI¢ sales Miscdlaneo￿sWIdry ￿ents 17340 17240 21.825 3.891 231 75S 755 23JS1 23¥51 25.947 Inveslrnent Intome Income from inv￿(ments U38 1.050 Clwyllable acilvliies Kilchen Exercise (Combow) Bowls Keep Yoga Art md crafts 21llY7 2L107 8,083 7,130 &705 14.763 7,694 7.479 7.213 2.299 7.130 39,448 Other kntome MiS￿l￿ne0vS 52 881 Totsl In¢omlDg rn•yr¢e8 81099 3078 84J77 79.134 EXPENDITURE Ratslng donadons and lezad Other fimthisin8 Costs Stnff ¢osts 3,613 613 2,677 5.981 Wages Depreciation (nel ofgrants) KIlth￿ and shop p￿th￿eS Activiti Insurance Repairs and mointenance G&5. electricity and waler Administralion costs Carried foni7rd 4148 35.148 2207 10*7 10.170 J.177 21.664 2.045 8.815 9.167 1226 4,494 10.575 3.594 61.580 10*7 I￿170 1.177 15,003 OD 87.A79 87.179 This pa8e dots uot r(Ym pKt ofthe sthtuw f￿an¢1￿ ststem P4e 14 AGE CONCERN STOURBRIDGE AND HALESOWEN Delailed Ststtmeut of Fm•llrial Acliwili for the Year EA￿ed 31 Mar¢h 2024 31.3.24 Tolaj funds 31.3.23 funds funds runds Ctharltsme aciMti Brought forward Relea%e ofre5tricted fiwds 87.179 87.179 61.580 87,179 91067 63.412 sUp￿rt costs Indep￿dent ￿￿mine[S fee 720 Total resources eXp￿ded Net This p￿e do&$ not forni pKt ofthe fuwicial ststem4 Pa8e 15 Indtpendeni Examiner's Report ¢0 the Tnutees of AGE CONCERN STOURBRIDGE AND HALESOWEN Indepellden¢ examiner's ￿POrt to th¢ trysltts of AGE CONCERN STOURBRIDGE AND HALLIOWEN ('the C.ompany') I rvpon io the chartty wuS￿e5 on nTr' eKaminaui)n ofthe accowts ofthe Compons. for the s'ear 31 March 21124. Rt5ponsibilities and bASiS of report As thc chArity's trLtsiees of the ('omp.Ini' land also its diTeciors for the purposes of compani I￿1.) l'ou are respwsible for lh¢ preparation of the accounLS in accordancL iiith the rwwr¢ments ofthe Companxes Aci 21MKI Ilhe ?U(Ki Acl,). Hal'ing saiisfied m)'self the accoun￿ ol the Coiiipani arL nol rLNuired io be audiled undLr Pan l () of thL> •IMK) Ac¢ Id are elibvtble for independ￿1 V4llminatscffi. l Tep(Kl In respecl of nn. eYaminoLion of)'our charil!. s accounts ￿ cartied oui under SeLlion 145 of the chariti￿ ALI ?111 I I'the ?{) I l Aci'l. In carry.ing oui m%. examinlllion I hol'e fdiDW'¢d the DI1￿11￿5 ¥tv¥n bv" the Chw'ill. Commission Seciion 144(4) (b) of the 2DI I ACL Independenl examlnees slalemeol I have completed nn. ￿aMInatIO17. I confinn iio malkr5 hai'e come ¢0 m%. all￿110n in C4XbneCli￿i ii'ith the xwiiinalivn &pii ing m¢ ca￿¢ lo LK.IiM'¢'. a£couniin¥ rccords 1% ere nol kepi in respecl ofthe Coinpllni. os required b), Sedioa 311() ofthv 21MJ(i Act: or Ihe accoutits do nol accord Miih thosc records. or the acwunts do iiol complj. iiid) Ilie accounliiigi requirem￿ts of Sccllon 396 of the 2110(i Act oiher am, reqwrememl thal the accowts &?ii'e a In￿ md faiT I'ic*' Ththich is nol a maller ¢(￿ldered &$ part of indep¢nd¢ni ¢YaminJtson' or the accowits liai'e noi prepared in accordance Vaith the methods and principles of the Sialemeni of Recommended Practice for accowiling and reporting ￿. charities (applicable lo chaniies PTqJarinb their accowiL% in accord￿¢¢ iiith the Financial Rewrung SLwidard applicable in thc UK and Republic of Irelwid IFRS I11?11. I hai'¢ iio C￿(c￿lS and hai'¢ come across ni) uther malters in co￿)e¢ll0n iiith the triaminaiim ￿ iithich allents.￿l should be diawii In this Teporl in order lo ¢nable a pioper wide15L￿d11lU of the accounts io be reathed. Mr C Dalim FCA The Insliiuie ofc'iionered ALcounlants in Enbiland ond Walcs Da]lon Patdoe Liniiied flianered AccounhThts 7¢14 Hibh Street Kiiig1sII111ford Wesi Midlands DY(Tr XBQ Dal¢ li Page 3