a*lty ¥ryistratlDn numb•r 1098150 Comp•ry re915tratlDn rn4ththr04723614 (Ensl•nd Jnd Wale5} AGE UK DACORUM ANNUAL REPORT AND uNAuDED HNANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
AGE UK DACORUM LEGAL AND ADMINISTRATIVE INFORMATION TNstee5 Mr Paul Fran4 th3tr Mr Mike Oe¥lin, Treasurer Mrstephen Qu1rtOn (Appointed 20 July 20231 ChaTIty number 1098150 Company numb•r 04723614 Registered office Haw Yard High Street Hery*l Hempstead Herts HPI 3AE Independent examinw Myers aark Ega]e I 80 St Albar Roa4 Wattord Herfftsrdshire WD17 IDL
AGE UK DACORUM coMrENTS Pag• Chails Statement Tnstee¢ report Independentexaminefs report statement of financial actr Balan 5t Statement of cash fk Note5 tp the financièl ststements 10-23
AGE UK DACORUM CHAIR'S STATEMEMr FOR THE YEARENDED 31 MARCH2024 The chair presents hi5 statennt forthe yEar. The rnerger with Age UK Hertfordshire was compleled duiiryj the w. All staff and service5 were trn5ferred wth no interruptions to our clients and the merged OrganilOn is perfonnin9 wel. Durir4J the year. several tystees of Age UK tAUKD} res[gr with Mr Paul FrarK stayng on as Chair of AUKD. In additiory Mr Steve Quiddir#jt arKI Mi Robin Kemberwere elerted a5 trustees ofAUKD. I would like to extend a huge thank you to everyone vtho has mae thi5 merger a huge success and we kiok forward tol a $tU1 and rewaiding 2025 forAge UK fDrourclient4 our straff. oUrvoluntee arxl our fvrKler Mr Paul Fra Chalr
AGE UK DACORUM TRUSTEES, REPORT UNCLUDING DIRECTORS. REPORT) FOR lliE YEAREAIDED 31 MARCH2024 The trustees present thelr annual and finatKial ststements for the year end1 31 March 2024. The financial Statements have been prepared in accordance with the xcouThtir¥J pofiti2s set out in note i to the financial statsments and compty w4th the charitsble company5 govemirvj docurrEnL Companies Act 2006 and 'Accounting Reporting by Charities.. ststerrnt of RecotnTnendEd PractKe applicable to charites preparing their 2Kcount5 in accordance with the Financial Reporting Standard aPp1Kab ID the UK and RepublK of Irnd IFRS lol. leflective l January 20191. Report On objec11 Artivities •nd Athlv4•m• . The objert for whlch the thlty Is eStll$h To promote the relief ol older Peop in any mannerwhKh rthv or hereats may b2 deemed by law to be charitable a1 around Dacorum. The mission for the charity 15 to ptDrrvJte the well-beiThJ of all older people to help make ter life a fulfillir¥J and tsnjoyable experience. The main objectives and athtbe5 foru year wer To listen to and involve older pp To deliver high quality see5 a1 thtEes To develop effective parb)erships with relevant Statutory, vobJntary* iN1ePelent OrganationS To develop the skills of stsff whd ¥olunteers establish a strory futIng base, with the airn ol erroura3ing heald¥ independenc¢ quality of lifE and social I$)nOf all older peop . Ensurfn9 ourwork d•H¥•ts obJe¢ty To meet these objertwes wt provide a raThJe of iludIng hdp to k1 older people together 5upporL advic¢ and infomation to then their friends arKJ carer& Publirbttnefft In sethng ObJVe$ and plannirvJ for &tivibe% the Tnstee5 have grven due consideration to general guidan published by the Charity Commission relating to public beneft iTKluding guidance 'Public benefrt running a charity IPB21. Staff and Trustees tske these findir4Js into accourtt when planning fure actNitie5 and th contribuie to the aims and objectives set Our Ser¥kes ThÈ ltsllowing Age UK Dacorum seNces have been tsan5ferred in their entirety to Age UK Herthrdshir Befriendir¥J &Telep1V) Cbjb BeaVent Soxrnoor Good Neighbours Brainwaves, Hert5wise & MCST aubs CaTers sUprt Fundralsing & hAarketing Handyper50n & Gardening HCNS Personal Assistants Tea & Chat Clubs Young at Heart Clubs
AGE UK DACORUM
TRUSTEES. REPOFrr UNCLUDING DIREcfoRS' REPORT) ICOPMNUED)
FOR THE YEAR ENDED 31 MARCH2024
Goln9 concern
Most of the service5 proded by AUKD have been mer1 into the eorrespondiny Setv1 prtswded by AUKH.
Dacorum's 5pecthc initiative5 such as the Christmas Carol coert the Bemvem2rt Suvice will continue to be
provided by AUKH.
Our AUKD volunteers have taken opwrtunty to retrain with AUKH and contir¥Je to 5UPPOrt the Befriending
semc? and the Clubs run by the charity.
Following the merger AUKH it is antiopated that Age UK Daconjm Ltd will dormant within the n2xt
tsvelve month&
RÈseN¢s poli
AGE UK DACORUM TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAR012024 Trustee (Ddu¢tlon and Trainiry New TSteeS are introduced to the charity by meelings the Chair and Chief ExKLrfNe Whe tw are brief• on the wothngs of the tharity and their responsibilities. They a then invited to attend a Carr1(ee meeting as an observer. Trustees are then given an iThlucLK)n pack that bndudes detsi15 ofL Role description Code of Prnctice Annual Report Annual accounts Introduction of Board Members Guide to Serwces and a history of Age UK List Ekf forthcoming meetings Business Plan and Insurance Covernye Policie5 and Procedures All about Age UK Dacowtn and Faleratn Legal responsibilities Declaratron of Comrntttnent Companies House Fomi APOI OnJani5ational Chart Feedback from Trustees on the induction pxk has been very positN& Trustees are encouraged to attend ppropllate training and nettvork eventsto assist them in their r . What th• Trustees do In addition io attendiNJ quarterty board meeti¢vJs to undertake the govemarKe of the OryanatIorn iThliwdual Trustees.. Represent Age UK Dacory at corrfen¢eS a1 group meetiry5 Chair selection panels and interview5 Sign ckwue5 and legal documents Oversee the preparation of the Trustees Annual report SuppDrt and oversee fundraising Ktmt Rlsk MaMg•ment Thè management committee has conducted a revtew of the major risks to whh the charity 15 exposed. A risk register has been established ond is uwjated annualty- Whwe appropriaty systems or procedures have been established to mitigate the kS the charity face5. This has led to the oryani5atiDn Impmenti1j a system of emergency procedures and conlingency plan& Pr(Kedures are in place to ensure compliance with h<h and safety of staff, V0teerS and dients. The charity continues to adhe to Age UK Federation Quality Counts to ensure consistent quality of ddivery for all operational aspe£ts of the charity. A key element in the management of financial risk is the contsnued working with an indepent juti3 servits and the setting of the reserves policy and its regular reviv by the TnJ5tee Board. . Related Parties The organisation 15 part of the Age UK FederatTh and works within that Str4 localty, iegionalty and nationally to sUprt older people and to ensu that the i55ue5 and the VOKes cf older people are heard. The organisation has 4 working relationship with a wide range of organisation's from the voluniary. private and 5tstuiDry SKtor. This includes HertFord5hire County Council and DacoNm Borough CourTrcil who provide financkil supwrt along %*ith workitwJ in pattrership with us to improve a1 devekjp ourservices for olderpeople.
AGE UK DACORUM TRusfEES' REPORT UNCLUDING DIRECTORS. REPORT) (CONllNUED) FOR THE YEAR EAIDED 31 A4AR012024 Ststement ot TAte0$. Respon%iblities The Tru5tee5 Iwho are alsD the directtys of the CorTyny fDr the purwses ol company Iwl are responsible for preparing the Trustees. report and the finala1 5tstements in accordance with applicab law Unltal Kingdom Accounting Stsnd3rds (United Kin9dom GerallY Attepted Accounting Pb£e}. Company law requires the twstees to prEpare finanaal statements for each finala1 year. UTrJer mmp?ny law. the Truste?5 must not approve the finanaal 5tstements unkn ty ¥e satisfied that they give a true and fairview of the State of affai of the company and of its incoming resour$ aTrJ ap8tn Of WE50UTC4 including its income and expendituw for that perbj. Jn preparing these fir4ncial ststements re required to.. Select suitsbje accounting polic and then appty them consistent. Obsetve the methods and principks of the Chartties SORP (FPS 102),. Make judgments and acco)untiry estimates that are wsonablp and ent State whether applicable UK Accounting Stsndards IFRS 102) have beeTh followed, subject to any material departures disclosed and explained in the finantfdl siaternent4 Prepare the financial Statements on the going Cole bas Unl? it is inappropriate to presun that the Company will continue in busine The Tiustees are re5pon5ible for keeping &Jequate accountiThJ records that are wffKient to show and explain the Company's transaction5 and dCloSe with 0$oable CuraCY at any time financial pOsitn of the Company and enables them to ensure that the financial SÈatern compty with Compan$ Act 2006. They are als responsible for safeguarding the a55ets ¢Jf Company and hen for tsknryj wsonable steps foi the prevention and detection of frawj and other irregularit. Dixlogur• of Ib)lormtk+n ts Independent exarniner Each ofthe persons who are Trustees at the tim? when thi%TA. report is apFYoved has conffirmed that.. So far as that Trustee is Jwaw the ts relevant inlDnnation ofwhth the charws independent examiner is unawore, and That Twstee has taken all the steps ought to have been tsken as a Tnjstee in ordei to be awaie of any levant alitiOn infonnation and to eStrlsh that the cri$ iwjependent eXam1r is aware of that information. Independent wminp The prewous Auditors Hillier Fk)pkins resvjned on 20llV2023. Myers aark were appointed as independent examiners on OV05r2024. The designated Trustees wll propose a tion reappoirttir4 the independent examin&rs at a meeting of the TtU5tee5. The trustees. reportwas approv&1 by the Board of Twste Mr Paul Fran4 Chair Chalr
AGE UK DACORUM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AGE UK DACORUM I report to the trustee5 on my e%amination of the finarThl statements of Age UK Dacomm (the charitable compaThy Icompany number 04723614.. Chartty number 109815011 for the year eTrJed 31 March 2024. R¢sponslbllhle5 and bas of r•port As" the trustees of the charitable cornpary land a150 tts directcprs for the purposes of company law) you a responsible for thE preparation of the finaThci?l tements in rdar ith the requirements of the Companies Art 2006 (the 2006 Act). Having 53tisfie(I myself that the finaKial ststements of the dkarttable cornpary a not requir&1 to be audited under Part 16 Df the 2006 Act and are eligible for indepetKlent examinatiory I repLXt in respect of my examination of the haritable companls financial statern2nts carrie£l out under secbon 145 of tl Charities Act 2011 (the 2011 Actl. In carwng out my examination I have foltoMEd all appli¢3ble Dire£bons 9Nen by the Charity CommissKJn under section 14515llb} of the 2011 ACL Independent e]MIne¢S 5tstèment Since the charitsble companls gross inco exceeded £250.CIXI ycwr examEr must be a nmEer of a body listed in sertion 145 c)f the 2011 Act I confirm that l am qualrfd to uThJertake the eKarninatn because I am a member of the Institttte of Chartered ACuntsnts in England and Wales whith one of the listed bodie I have completed my examination. I confimi that no mattets have come to my attention in connKtion the examination giving me cause to believe that in any material resFrt accounting ordS were Thjt kept in respect of the cha11tab company as r4uired by section 386 of the 2006 Act or the finatKial statements do not accord with those records or the financial statements do not compty wtth the accountirMJ requirements of section 396 gf the 2006 Act other than any requirement that the accounts gNe a true and tsirviw which nol a matter mnsidered as part of an independent examination., or the financial staiements have not In prepafftl in accordarKe with methods and principles of the Statement ol Recornmendgj PractKe for accountiry and reporknry by chèrityes applicable to CharleS preparing their accounts in accordarKe wtth the Fina131 Reportiry 5tsTh4ard applicable in the UK and Republic of Irdand IFRS 102). I have no eonterns and havt come across no other matters in conwdk)n *ith the exarllination to which attenlitin should be diawrL in this report in order to enable a proper under51andirvJ of financial ststements to be reache(L Pad Windmlll KA Myers Clark Chartered Accountsnts Egale I 80 StAlbans Road WatFDtd HertFordshire WDJ7 IDL Dated....a&.J.L.:..Eo
AGE UK DACORUM srATEMENT OF HNANCIAL AcfivmES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEARENDED 31 MARCH2024 Total funds 2024 funds 2024 funds 2023 funds 2023 2024 2023 Notes Ibomè from: Donations and legacles Charitsble activit5 Othertrading activiti&% Investments 91291 57518 1371 433 91291 65Q148 1371 433 25.435 125.445 5.104 502 21460 591.853 47,855 717,298 5,104 502 591630 Total Incom• 151613 591630 745,243 156A86 614313 770,799 Expenditur• on: Raising funds Charitable aCtltieS Transfer of reserves to Age UK HertFordshire Other eypeF¥Jiture 1235 231091 L235 6347n 43.347 20&999 5fAi670 43,347 769,669 406.681 498.998 15,136 498.998 15.136 12 Totsl exp•ndltur• 747A60 406.681 L154,141 251346 560,670 813,016 Net Incom/lexpth)dltyrn) 1594.84n 18&949 {4048981 (95.8601 53.643 {4Z217) Transfers ben fvnds 333.045 [333.0451 IL563 {IL563) Net movement funds I2612} 1147m6) (40&8981 184.29T) 41080 1412171 R¢concHlètlon of fundv. Fund balances at l April 2023 273.422 147A 42a518 357.719 105.016 Fund balances at 31 Mah 2024 11.620 IL620 273A22 147.096 420.518 The ststement of financial actNities indude5 all gains arxt k)sses recognised irh the year. All income and expendire derNe from continuing tiVe>
AGE UK DACORUM BALANCE SHEET ASA r31 MARCH2024 2024 2023 Notss Flxed asset5 TaThJible a55ets 14,9)2 Current assets Debtors Cash at bank èThJ in ha1 15 LL852 155,163 89.463 34L248 I6715 430,711 cmd1to. falllny du• wlthln ¢)ne 16 {155.3951 125,0951 Nèt current Jssets IL620 405,616 Totsi Jssets less current li?bifrtl•s 116x1 420518 Nel a55ets •xcluding pthslon Ilablllty IL620 42Q518 The fund5 vf th¢ tharttable tompa Restricted fvnds UnTestriEted funds 147.096 273322 11620 IL620 420.518 The company is entie to the exernptn from the audti require[T c0ntsn in 5ectwJn 477 of the Companies Act 20 fortyear eIed 31 March 2024. The diTect015 acknowledgè their ponsibIlitieS for tomplyrKJ with the requIrenTrts of the Companies Art 2006 ith respect to acwntirg records aThJ the pparal]0 of finanoal staterront The member5 have not required the company to obtsin an audit of its finaTrial 51atements for the year in question In accordance wth section 476. These financial ststement5 have been prepared in accordarKe wrth the pT0V1 appluble to companies subJt to the srnall companies re9ime. The financial statements were approved by the InJstee5 0n.- Mr Paul Fran4 Chair Chalr Company regi5trdtion number04723614 {ErvJiand Wales)
AGE UK DACORUM srATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH2024 2024 2023 Cash flows from opernting •clivities Cash absorbed by operatio 21 084.218) 169,0421 tnvestlbvj a¢tlvltl*s Purchase of tsngible fiyed assets Investment income leived 3Crf 433 502 Nqt 5h {u5ed inllgenerated from Ibwèstlny atrfvhlls (L86 502 Net cash used In Ilnanclng •¢tl¥itles N•t dq£rea5e In rash and cash eqUIlents I085) 16&5401 Cash and rash equivalents at beginniThJ of year 34L248 409,788 C•5h and cash equfvalents at ond ot year 155.163 341,248
AGE UK DACORUM NOTES TO THE FINANaAL sfATEMENTS THE YEAR ENDED 31 AIAROIX124 Accounting polkl•s Charity InfOrntIon Age UK Dacorum 15 a cDmp3ny IiTnited by guarantee IrOrpOra in Eryla[ atKI Walek The rIStered office is Hall Moon Yard. High StreeL Hemel Hernpstead Hert% HPI 3AL IJ Accounth9 con¥entlon The ffinancial statements have been prepared Kn corda[e with the charitsble company's govemi dtscumenL the Companie5 Act 21J)6, FRS 102 Yhe Finantial Reporbry Slandard applicable in the UK arKI Republic of knland" I"FRS 1027 awKI the Charities SORP 'AccountiTvJ and Reporting by Charttie¥ Ststement ef Recommended Practice applicable to dritIeS preparing their accounts in accordan with the Financial Reporting Stsndard appficabte in the UK and RepublK ollrelar4 IFRS 102). leffettN¢ l January 20191. The charitsb company is a PublK Benefft Entity a5 defined by FRS IOZ The financial Statents are prepared in 5te¥liry which 15 the lut7n37 ojrrety of the char[tab cornpany. Monetary amounts in these financial ststernents are rounded to the neare51 L The financial ststennts have been prepared under the histoiical cost convention. The principal accounting policies adopte(l are set out behw. L2 Golng concern At the time of approvirg the financial ststements the trustees a rSOnable expectation that the charitable company has Iuate resources to continue in operatJnal exstence for the foreseeable fvre. Tlws the trustees continue to èjopt the goiNJ concem basi5 of accountiri9 in preparing thE financial statemen 1.3 Ch•ritsble funds General funds are unrestrictoj funds whKh are 3vaiL?b for use at the discretion ol the twstee5 in furtherance of their charitable Dbjectives which have not been designated for any other purposes. Designated funds comprise unrestric furKls trkqt have been aside by the Trustee5 for particulaT purpose& The aim and use of &ich de5iynate(I fund is setout in ts notes to the financial statements. Restrirted fijnds ar• subject to SOfiC condrfions by donors or grantors as to trM)w thvy may be used. The purposes and uses ofthe rstrKted a Set in tt notes to thefinancial statement& Investment income gains and losses are alk<atéd to the appropriate knd. L4 Incom• Income is recogni5LxI when the charitable ctsmpary ss fegaty entitled to it after any performance ctrnditions have been met the amount5 can be measured reliably. and It is probable that income will be received. Cash donatKns are recogni5ed on Teceipt Other donan$ are reco9Nsed once charitsble compary has been notified of t donatiorb unless perfonnarKe conditrons require deferral of the amount. Legacies are re(ognised on recelpt or othpJwEe rf the dritsb comwy has been nDtthed rkf an impending distribut1D the amount is kntr, and reipt is eXpd. Ifthe amount is not known, the legw is treated a contingent asseL 10-
AGE UK DACORUM NOTES TO THE FINANaAL sfATEMENTS {COPrnNUED) FOR THE YEAR ENDED 31 MARCH2024 Accountlng polld•s (ContiNed) Grants are included in the Statement of fir0ncK31 artivtbes on a recewe bas& The balarKe of income received for Specific purposes tmjt not expended during the period is sFh)wn in the relevant fvrKls on the Balance sheet. Where Irome is Ceived in of entitlÈmÈnt of rÈteipt its recognition is defeired and included in creditors as deferred income. Where entidement occurs before income is received the irncome is accrued. Where the donated food is a tixed awt f( is measu1 at tsir value, unle55 it 15 ImPTactical to this reliablyi in which case the cost of the rtem to the thnorsl¥Jukl be u5ed.The yain 15 rec(y4nised as irKome from donations and a cortesponding arTyJunt is included in tF appropriate fixed asset clas5 and depreciated over the useful economic life in accoidaKewith the Charitsble Compatys &countiry pc4icies. On receipt donated professional 5ervKe5 and hc1frti are Tecognised on the basi5 of thE value of the gift to the Charitsble Cornpany which is the amourTt tt would have been wiifiry to pay to obtsin services or facilities equivalent economK benefft on ihE open market a coThespoThliryJ anKunt i% then COgnised in eXFendItu in the Fericd of receipt Other income recogni5ed in the period in whh it is rKeNable arKJ to the extent tw gocxls have been provk4ed or on completh?n of the seNice. Government 9rznts relatirg to tsrrtjible fixed assets a treated as (Werred irKome a1 released to the ststement of financial activities over the pected usefijl INes of the assets concerned. Other grants are credited to the Ststement of financlal thrtE5 a5 the related exFthlitsJre is incurred. Interest on fitnds held on deposit is irK4uded when T1Vable and the amount can be rra£ured reliably by the Charitable Cornpanyt this 15 normalty un notificatK)n of the interest paid or payable by the institUtn with s¥hom the funds are deposited. 1.5 Exp•ndltur• ExFenditure r5 re£ogni5ed once there is a legal or construth obfigation to transfer economic tenefft to a third paty, it is probable that a transfer of ecOrM beneffts will be required in settkmenl and t amount of the obligation can be rneasured reliy. Expenditure is classified by actwty. The cts ol eth adiviiy are male up of the total of direct costs and shared costs, including support costs inVoed in UrertakIng each actiity. Direct ci*s attributsble to a single twity are allocabj dITert to that athty. Shared costs vthich contribute to more than one activity and 5UPPOrt costs which are not attributab to a sir1j artmty are aptort betsveen those actNities on a basis consistenl wth the use of resour Expenditu on raising funds indudes all eenditUre incurral by the charitab Company to raise funds for its charitable purposes arKI irKludes costs of au fvndrai8irs actIwtS wents and non<haritsble trading. Expenditvre on charitable actNitses is irKurred on di[y undertthNJ the activities whiLth further the Charitable Company's Object as weB as ary aWlated supwjrt cost 11
AGE UK DACORUM NOTES TO THE FINANaAL sfATEMEKrs (coKnNUED) FOR THE YEAR ENDED 31 MARCH2024 A¢countlNJ policies {Contiwed) 1.6 TgIble fix•d assets Tangible fiKed a55ets costing £LC(Q or more are capitslised aNI recogni5ed when fure nOMiC benefrtg are probable and the c05t or value of the asset can rTEasured rdkibty.- Tangible fixed assets a initially meawred at Cost and 5ubsequendy m&a5ured at cost or valuatk)r¥ net of depreciation and any Impaimnt los Depreciation is COgnised 50 as to write off the cos1 or valuation of assets sS their redal values over their useful lives, usirwj the sttaight fine methcxj. Depreciation 15 PTovMled on the tolh)wing basis.. Fixtures aThJ fittirKJs Computers Motorvehid£s 25% 25% 9ain or loss arising on the disposal of an asset is determild a5 the drfference between the sale proceeds and ihe carrying value ol the asset and is recognised in the Statement olfifyancial activitie5. 1.7 bnpalmient of flKed a55ets At each reporting end date, the charitsble compary the arrnts of its tawible assets to detemiine whether there 15 any iTrlicalion that those assets have sufkred an impairfflent loss. If any such indication exists the Tecoverdble amount of the asset 15 estimatrd in order to deterrnirhe the extent of the irnpairment loss (If any). IA Cash and cash •qwvo1 Cash and cash equwalents Ilude cath in ha deposits ld al cal ith bank4 other 5hort-terni IiquKI investments with original maturities of three rN)nths or less, aw¥J bank cwerdrafts. 1.9 Flnanciul instnm•nts The charitable cornpany has elEcted to appty the provi5ivns of Seetion 11 FIncl knstruments. of FRS ID2 to all of its financial instrurr*ttt% Financial instruments are rKognised in the charilabk cornpanl5 theet when the charitsble company becomes party to the contractual prlOn5 of the inStrurnL FnanCIal assets and liabilthes are offse¢ with the net amunts pfèsèAtèd In the finarKval statements, when th&re is a legally enforceabk right to SEt off the recognised arnounts and there is an intention to settle on a net basis orto realise the asset Sett the liability ssmultaneously. Baslc financial assets. which include debtOf5 aThJ cash a1 bank balar are initialty rreasur at tran5attion PTice irKluding transacbon costs and are subsequenty carried at amortised cost Using the efftiVe interest rnethod unless the arrangement constitutes a financirvj tranwbon. where the tran5attion is measured at the pre5eni vahJe of the ttIre rpceipts discounted at a [naet rate of interesL Financial assets c1ed as receivable within one year are not amortise BaN¢financlB/liaWJ Basic financial liabilitres, irKkJding crulttors and bank hans are iniually recognised at tran5actKJn Pri unless the arrangement constitutss a finantiNJ trantiOrn where the debt insttumEnt is meaSUd at the present value of the fvture payments discounted at a nthet rate of interest. finwKial liabilities dasstfied as payable thin one year are Mt amrtised. Trède creditors are obligations to pay for good5 Qr servKes that have been acquired in the ordinary course of operations from supplrer& Annts payablp aw classified as wThent lbIlItI% rf PaYt due within o year or If not they are presented a5 nonU[rent Ikibilities. 12-
AGE UK DACORUM NOTES TO THE FINANaAL STATEMENTS (CONTJNUED) FOR THE YEAR ENDED 31 MARCH2024 AcctsuntSng poll¢lÈs Iconllnue Financial liabilitiEs are deretcgnised when the Charitsb compaWs coThtracbJal obligations expire or are discharged or cancelled. 1.10 Employee benefits The of any unused holKtay enttderTEnt 15 recognised in th2 period in whKh the employee's 5er¥Kes a received. Temination benefits are reCOgned irnmedketyas an eynse when the charitsblE company is demDnstrab committed to terminate the emploJirnt of an ernpkj orto providetenninalton benefi 1.11 R•tlr•m•nt b•n•flts Payments to defined contribution relirrent benefit 5cherres are chged as an eXPere as theyfrdll due. Income fmm donatlorLs and legooES Totsl funds 2023 funds 2023 2024 2024 2024 2023 Donations Gift in kind 91291 1291 16,266 9.169 21460 38,726 9.169 91291 291 25,435 47,895 Incom• frorn ¢harftable ¥liiri Tot fvnds 2024 funds 2023 funds 2023 2024 2024 2023 Grants Cuntract income Local authority grants TradirKJ (lnt sub5cription5 144932 386.117 61.581 144932 38Q117 6L581 47.526 992 17L543 361757 57.553 17L543 362,757 57,553 115,178 10.267 47526 9.992 115,178 10,267 57.518 592.630 650,148 125.44S 59L853 717,298 13-
AGE UK DACORUM NOTES TO THE FINANaAL sfATEMEKfs (conNUED} FOR THE YEARENDED 31 MARCH2024 Jncam• from othertra¢fing xll¥lll¢s fund5 2024 funds 2023 Fundraising 1371 5,104 Income froTn inv•%tm•nts Unrestricted UnY•5trirted funLts funds 2024 2023 Bank interest 433 502 Expendltwe on rnlslry funds Unrestrirted Unr•rtrfrt•d funds funds 2024 2023 FundrJlslng and publldty Fundraising cost5 AdvertisityJ and promotv)n Otherlutyjraising costs staff costs 1886 475 4,969 35,017 553 L235 43,347 14-
AGE UK DACORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAREJVDED 31 MARCH2024 Expenditure on charftabh acuvlu Community De]Mntla Support & Indep¢ndenl Liirin9 2D24 Good Young •t Neighbtyurs Heart Core Totsl 2024 2024 2024 2024 2024 Direct costs Staff costs Depreciation Subscription5 Vehicle costs Recruitrrent Course5 and training Trdvelling and subsis¢ence Meals and freshments Too15 and TTWteria15 Rent hall hire and semce charges Telephtsne Printing, postage and stationery Miscellaneous expenses other fee5 Admin and other eosts Sub Contractor costs 171260 16,91L 13.492 L532 50 725 11861 215.524 L532 127 102 725 50 404 7,287 6.542 IL392 50 253 6273 428 236 470 6.172 116 14 IL392 1192 3.192 1168 955 150 774 201 389 5.788 122 1403 183 iii 309 807 8387 400 L216 299,749 4th) 187 24&140 246 735 30.329 44597 29.753 7.228 4850 22.016 559,744 Share of support and govern•n¢e costs (s¢¥ nDt• 8) Support 62M) 4,260 156 io,n8 1034 79,028 S757 34.0 7.384 65.568 23,050 638,772 Analysis by fund Unrestricted funds R2Stricted funds 169,961 33&796 20,978 13,03S 7,384 la718 54,850 23.050 231091 406,681 508.757 34,013 7.384 65.S68 23,050 638,772 15-
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AGE UK DACORUM NOTES TO THE FINANaAL sfATEMEMfs (CONnNUED) R?R THE YEAR ENDED 31 MARCH2024 Supp¢*rt $ts allo¢oted to •rd¥ltl 2024 2023 Staff costs Depreciation Fundraising Vehicle Costs Cours&5 and trainiwvJ Meals and refreshments RenL hall hire aThJ ser charges Miscellaneous exPere$ Bank charges Audit fees Other fee5 Irrecoverable VAT Admin and other costs Sub-contractor costs 28.491 534 123,725 1,392 315 38 9D 55 17,592 930 760 6,950 IL330 5,849 24,122 3TI 12,741 1.551 10.430 1306 1054 15.154 4.725 79,028 193.148 An•lysed betvmen: Community Support& Independent Liw Denntia Good Neighbours Young at Heart Core NHS contr 62,860 4,260 156 10.718 L034 34.472 3,733 169 12,012 109,536 33,226 79,028 193,148 Net moY•nwnt In fund5 2023 net movement in furKIs is stated aft dhargingl{crediiingl: Depreciation of owned tangible fixed assèts I05s on disposal of tsThJible fixed assets Operating lease tharges 1066 15.136 7.392 315 10 TNsltes None of the ttee$ lor ary pusons connected with I1m) receNed ary rernuner3tion or benofrts from the charitable company duriNJ theyear. During the year ended 31 March 2024, kn¥0 In were wmbursed £173 for travel expenses 12023: nD Trustee expenses wwe reimbursed). 18-
AGE UK DACORUM NOTES TO THE FINANaAL sfATEMEhrrs (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 11 Employ•8s The average rfvjnthty nurYd)erof employee5 duriry the yearwas.. 2024 Number 2023 Numhr Employees 43 The average number above reL3tes to the fNe rrKJnth per to 31August 2024. 38 stsff from A9e UK DruM transferred to Age UK Hertfordshire on 8Septernber 2024. 2024 2023 Wage5 and salaries Social security costs Other pension tosts 225,267 11884 5.864 6C6,238 35,649 14,426 244.015 656,313 There were no emphyees whose anThU remunwalion was IvE than £60.CW. Remun¢rntloD of key mwagement personnel Remuneration and benefits received by key management petsonnd IDr the year arnounted to salaT*es of £7L61912023.. £197.5191 and pension of £2W12023: £5.70•. 12 Oth•T oxp•ndStur• fvnds 2024 fvnd$ 2023 Net1055 on disposal of tswible fwl assets 15.136 13 TAxatlon The chartty 15 2x&mpt from taxation on its acimtyes because all its inconE isappfied for charitable putposes. 19-
AGE UK DACORUM NOTES TO THE FINANCIAL ATEm£HrS (COKllNUED) FOR THE YEAR ENDED 31 AfARCH2024 14 Tangibl• fid &ss•ts Mowr vehld•5 Cost At l April 2023 Additions Disposals 3Q880 13LKI 3,180) 23.219 3QOOO 84099 2,300 186,399) (23,2191 130,0001 At 31 March 2024 Depreclatien and irnpalrnnl At l April 2a23 Depreciation charged in the yeaT Elirninated in respect of disposals 22.685 534 123.219) 15,632 L500 (17,1321 69,197 1066 (71,2631 32 [30.912) At 31 March 2024 Cjrryiry imount At 31 March 2024 At 31 March 2023 534 14368 I42 15 D•bto 2024 2023 Amounts fallry due withkn on•>wr. other debtors IL852 89.463 16 Cr•dIto. amounts fallry due wlthln on• >wr 2024 2023 Othèr taxation and soc1 seLurity Other cdItorS Accruals and defeTred irKome 5.362 4971 14 20.110 150.033 155.395 2S,09S 17 R•tlr•m•nt b•ngfrt schemes 2024 2023 D•fined (ontrlbution schom Charge to ststement of financial thits in respect of defined contribut scheme5 14,426 The charitablt company operates a defined contribJtw)n pension thme for all quaftyry employee5. Th8 assets of the scheme are held separatrty from those of the chwitablè coryary in an Indepe[enIty administered fu1.
AGE UK DACORUM NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) R?R THE YEARENDED31 A4ARCH2024 18 R05tActed funds The restricted funds of the charty comprt5e the unexpended balance5 of donatw)ns and grants hek4 on trust subjett to speciFic condthon5 by donor5 as to how tw may be used. At IAprbl IncoThiry Re50urce5 2023 yes00$ expended Trnnsf•rs At 31 March 2024 General ComrnuntySupwrt& Independent Living hAinibu5 donation Young at Heart 591630 1406.68 1185,9491 39.170 13230 94,696 139.1701 1132301 194.6961 147,096 591630 14W8 1333,¢M51 Pre¥ioys year. At l Apdl Jncaming Reur 202Z resource5 expendèd Trnnsfer5 At 51 2023 Core Community Support Ilependent Dementia GorKI NeKJhbtyJrs Minibus donation NHS support service Young at Heart Fundrai%rk3 169.tx)2) I1,%2) (25,7581 19,68n {1.169} 15.670} 1275.20 158,064) I0) 40.CQ2 [22,4531 {3,6141 1.227 11761 31386 145,199 29.372 39.170 L345 13.230 301757 99,030 {2A5491 53.730 94,696 105.016 614313 1560,670) IIL5631 147,096 -21
AGE UK DACORUM NOTES TO THE FINANCIAL sfATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 19 DÈslynatsd and U#restsltt•d funds The unrestricted funds of the charty comprBe the unexpended babrKesof donations and grants which ale not subject to specific Conditions by donor5 ar grantots a5 to Fvjw tly may be used. These indude designated funds %th¢ch have been set aside out of Unre5trIrt funds ty the trustee5 for specific purpose& At l April Incomln9 Resourc Transfers At 31 March 2024 De51gnaltd funds Trustee Development fvnd Redundancy fund 8&954 186.9541 IE4,OCrf)I Genernl fund5 General FurKls- all fur 171468 151613 (747.460) 433.999 IL620 Totsl unre5tiicted funds 273,422 151613 (747.460) 333,045 IL620 Prt¥lous yw. At l Aprbl tn¢•miry ResourEe5 Trnnsfers At 31 M#rth 2022 resourus •xpended 2023 D•slgn•t•d Iwxts Trustee [MlopntfuThj RedundancyfuTyJ 86.954 14(XX) 86,954 14,000 Genernl fvnd5 General Funds- all fvnd5 256,765 156.486 P51346) IL563 171468 Total unrestricted funds 357.719 156,486 Q5Z346) 11.563 273.422 20 Anal o* n•t wets betwe8n Vnrtrtrltted R•strlrt fvnds 2024 Total 2024 2024 At 31 March 2024. Current assewoiabilitiesl IL620 IL620 11620 IL620
AGE UK DACORUM NOTES TO THE FINANaAL sfATEMEKrs (coMriNUED) FOR THE YEAR ENDED 31 MARCH2024 20 Amlysls of net Jwèts between (Continued) Unrertrlrtèd Restricted fvnds fvnds 2023 2023 Total 2023 At 31 Marth 2023: Tangible assets Current assets/oiabilitiesl L672 27L750 13,230 133.866 14,902 405,616 273A22 147,(B6 420,518 21 Cash 9enernlÈd Irom operatlons ZOZ4 2023 Deficit forthe year {40&898) 141217) Adjustments for Inv@stment income wognised in $tent0f financial acm Loss on disposal of tsngible fixed assets Depreciation and impairrnent of g[ble fwl assets 14331 15.136 15021 7.392 Movements in capital.. DecreaSe/linCse1 in debtors Increase in creditOTS 77.611 130.300 14L05n 7.342 Ca%h ibsorfo•d by op•ratlons 1184,218) 169,0421 22 A15 01 tha¢$ In nèt luN15 AtIAwO 20U Cath 110 At 31 March ZOZ4 Cash at bank and In hand 34L248 I1085) 155,163 34L248 IIW851 155,163