Charity re9lStration number 1098150 (England and Wales) Compony registration numbèr 04723614 AGE UK DACORUM ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
AGE UK DACORUM LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Paul Franc. Chair Mr Mike Devlin, Treasurer Mr Stephen Widdington Charlty number (England and Wale5) 1098150 Company nurnb•r 04723614 Reglstered office Half Moon Yard High Street Hemel Hempslead Herts HPI 3AE Independ•nl •xaminer Myers Clark Suite 7A Building 6 Croxley Park Hatters Lane Watford Hertfordshire WD18 8YH
AGE UK DACORUM CONTENTS Page Chair's Statement Tiustees. report Independent examinerfs report ststement of financial aCtltIeS Balance Sheet Statement of cash flows Notes to the financial statements 9-18
AGE UK DACORUM CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH2025 The chair presents his statement for the year. Following the successful fTberger wsth Age UK HertFordshire. Age UK Dacorum has successfijlly achieved its objectives this year by receiving hjnding and passing it on to Age UK Hertfordshire to be used to support older people. Mr Paul Franc Chair Date.. 25 Novefflber 2025
AGE UK DACORUM TRUSTEES. REPORT UNCLUDING DIREcfoRS' REPORT) FOR THE YEAR EIVDED 31 MARCH2025 The triJstee5 present their annual report and linancial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance wth the accounting policies set out in note I to the financial statements and comply with the charitable company's governing docurnenL the Companies Act 2006 and "Accounting and Reporting by Charitie5'. Statement of Recommended Practice applicable to charities prepaiing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective l January 20191. Since the company qualifies a5 small under section 382 of Ihe Companies Act 2006, the Stiategic report required of mediurn and large companies under the Companies Act 2006 (Strategic Report and Llirector5' Report) Regulations 2013 has been omitted. PublK Benefit In setting objectives and planning for activities, the Twslee5 have given due consideration to general guidance published by the Charity Commission relating to public beneth"L includirvj the guidance 'Public benefit.. running a charity. IPB21. stsff and Trustees tske these ffinding5 into account when planning luture artivitie5 and how they contribute to the aims and objectives set. For the Future & Going Concern The Board have reviewed the performance of Age UK Dacorum. are Satisf that it is working effectivety and have decided to retain the current slructure. Structure. governance and management The charitable company is a company limited by guarantee. Oryanisational Structur* Following the merger with Age UK Hertford5hire all aff, operalional aCtltieS and reserves have been transferred to Age UK Hertfordshire. When residual transactions need to be processed Age UK Hertfordshire staff undertake those tasks. Age UK Dacorum has a Board of Trustees comprising of a minimum of thFee members. The Board meets as required and is responsible for the strate9ic direction and polity of the charity. Governing Document The organisalion was first registered as an independent chaiity on 26th May 1993. On the 17th October 2003 the organisation changed its constitution and became a company limited by guarantee. The organisation adopted a Memorandum ol Association which established the objects and powers of the charity and is governed under its Articles of Association. In the event ol ihe company being wound up members are required to contribute an amount not exceeding £1. The trustees, who are also the direttors for the purpose of company law. who served dtjring the year and up to the date of signature of the financial statements were= Mr Paul FranG Chair Mr Mike Devlin, Treawrer Mr Stephen Quiddin9ton Mr Sean Bolton, Trustee Mr Robin Kember {Resigned 30 April 20241 {Resigned l May 20241 Recruitmentandèppointmentoltrustees The director5 of the company are also charity trUeeS for the purpose of charity law. As and when new trustee5 need to be recruited in lithe with the COMpanS Articles of Association, new trustees are recruited from amongst the trustee5 of Age UK Hertfordshire.
AGE UK DACORUM TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORn (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Trustee Inductlon and Traininy New Trustee5 are introduced to the charity by meeting wilh the Chair Whe they are briefed on the workings of the charity and their responsibilities above and beyond their existing responsibilities as a trustee ol Age UK Hertfordshire. Ongoing training needs are covered by the training re1ved as a trustee of Age UK Hertlordshire. What the Trustees do In addition lo attending board meetings to undertake the govemance of the organisation. individual Trustees sign cheque5 and legal documents and oversee the preparation ol the TrusteesAnnual repo¥L Risk Management A5 all operational seNces have moved across to Age UK Hertfordshire there are no longer any significant risk5 for A9e UK DacorunL R•laled Parti•s The organisation is part of Age UK Hertfordshl. It has no diTect related parties. Report on Objectives. ServSces. Artivities and Achievemtnts The objed for which the tharlty is established i To promote the welief of older people in any manner which now or hereafter rnty be deemed by law lo be charitable in and around Dacorum. The mission of the charity is to promote the y11-being of all older people and to help make later life a fulfilling and enjoyable experience. The main objective for the year was to fund Age UK Hertford5hire's actiwtyes in support of older people. Ensurlng our work delivers our obJertive5 To meet this objectNe Age UK Dacorum ensured that any monies receNed were passed on to Age UK Hertford5hire in a timely manner. In Setting this objective, the Trustees have given due consideration to general guidance published by the Charity Commission relating to publi£ benefi( including the guidance'Public benefitr. wnnit)g a charity IPB21. Our Sernces All Age UK Dacorum seThices have transferred in their eDlirety to Age UK Hertfordshire.
AGE UK DACORUM TRUSTEES. REPORT (ENCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR fHE YEAR EIVDED 31 MARCH2025 Statement of Trustees. Respors5ibilitie5 The Trustees (who are also the diredoTS of the Company for the purposes of company lawl are responsible for preparing the Tru5tees' report and the financial stalements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generalty Accepted Accounting Prarticel. Company law requires the trustees to prepare financial statements for each financial year. Under cornpany law, the Trustees must not approve the financial statements unless they are salislied that they give a true and fair view of the state of affairs of the company and of its incoming resource5 and application of resource% including its income and expenditure, for that period. In preparing these financial staternenty the Tntstees re required to.. Select suitable accounting policie5 and then apply them consistently.. Observe the method5 and principles of the Charities SORP IFRS 1021.- Make judgments and accounting estimates that are reasonable and prudent State whether applicable UK Accounting Stsndards IFRS 1021 have been followed. subject to any material departuie5 disclosed and explained in the financial ststement% Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that a sufficient to show and explain the Companys transactions and disclose with reasonable accuracy at any time the financial p051tion of the Cornpany nd enable5 them to ensure that the financial statements comply with the Companie5 Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detect*on of fraud and OEhei irie9ularitie Disclosure of information to independent Èxaminèr Each of the person5 who are Trustees at the time when this Twstee< report is appfoved has confirmed that So far as that Trustee is aware. there is no relevant information of whith the charity's independent examiner is unaware, and That Trustee has taken all the steps ought to have been tsken as a Trustee in order to be aware of any relevant audition information and to establish that the charitys independent examiner is aware of that information. Independent examiners Myers Clark were appointed as independent exaffliners on 0110512024. The Trustees will propose a motion reappointin9 the independent examiners at a meeting of the Trustee& The trustees. report was approved by the Board of Twstees. AJa Mr Paul Franc. Chair Chalr 25 November 2025
AGE UK DACORUM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AGE UK DACORUM l report to the trustees on my examination of the financ¢al ststement5 of Age UK Dacorum (the charitable company Icompany rhumber 04723614,. Charity rhumber 109815011 forthe year ended 31 Mar£h 2025. R•sponsibilitie5 and basls of report As the trustees ol the charitable company land also its directo[5 for the purposes of company lawl, you are responsible for the preparation of the financial statement5 in accoidance with the requirements of the Companies Art 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic ol Ireland IFRS 1021- leffective l January 20191. Having satisfied myself that the financial statements of the chaiitable company are not required to be audiled under Part 16 01 the Companies Act 2006 and are eligible for independent examination, I report in respect of my exatnination of the charitable compan$ financial Statements carried out under sectioa 145 of the ChaTlties Act 2011. In carrying out my examination I have lollowed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independenl examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination givin9 me cause to believe that in any material respectr. accountin9 records were not kept in respect of the charttable company as required by section 386 of the Companies Act 2006. the financial ststements do not accord wih those 0{d- or the financial Statements do not compty wilh the accourkting requiiements of section 396 01 the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a mattel considered as part of an independent examination.. or the financial statements have not been prepaTed in accordance wth the methods and principles of the Statement of Recomrnended Practice for accounting and reporting by charitie5 applicable to charitie5 preparing their financial statements in accordance vrith the financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I hève no concerns and have come acr05s no olher matters in corbnection with the examination to which attention should be drawn in this report in order to enable a proper understanding ol the financial statements to be reached. Paul Windmill FCA Myers Clark Chartered Accountants Suite 7A Building 6 Croxley Park Hatters Lane Watlord Hertfordshire WD18 8YH Dated.. 25 November 2025
AGE UK DACORUM STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDtruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH2025 Unreslricted Restrided funds nds 2025 2025 Total Vnrestrided Restrictèd fund5 funds 2024 2024 Total 2025 2024 Notes In<ome from: Donations and legacies Charitable activities Other irading activities Investments 51.773 1.497 52,773 92.291 57.518 2.371 433 92,291 650.148 2,371 433 351 592.630 i¢xi Total income 53.371 1.351 54,722 152.613 592,630 745,243 E7EpenditUTè on- Raising funds Charitable activities Transfer ol resewes to Age UK Hertfordshire Other expenditurè L235 232.091 1,235 638.772 1.351 5,151 406,681 30.C#XI 30.0 498.998 15.136 498.998 15.136 12 Total expenditure 33.8 1.351 35.151 747.460 406,681 1,154,141 Net Incomellexpendire) 19.571 19,571 1594.847) 185.949 1408,8981 Transfers between funds 333.045 1333.0451 Net movement in funds 19,571 19.571 (261.8021 1147,0961 1408,8981 Reconciliation of fvnds: Fund balances at l April 2024 11.620 11.620 273.422 147,096 420.518 Fund balance5 at 31 Marth 2025 31.191 31,191 IL620 11,620 The statement of financial actiwties includes all gains and losses recognised in the year. All income and expenditure derive froin continuing activities.
AGE UK DACORUM BALANCE SHEET ASA T31 MARCH2025 2025 2024 Noles Current assets Debtors Cash at bank and in hand 14 24,611 6.580 IL852 155.163 31,191 167,015 Creditors: amounts falling du• wlthln one year 15 {155.3951 Net curr•nt assets 31,191 11,620 Net ets excludin9 pension liablllty 31.191 11.620 The funds of the charitsble company UnTe5tricted funds 31.191 11,620 31.191 IL620 The company is entitled to the exemption from the audit reqU1ment contained in section 477 of the Cofflpanies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complw'ng with the requiretnents of the Companies Act 2006 with respect to accounting records ar the preparation of financial statements. The members have not required the company to obtain an audit of its ffinancial 51atetnents for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provionS applicable to companie5 subject to the small companies regirne. The financial statements were approved by the trustees on 25 November 2025 Mr Paul Franc, Chair Chalr Company registration number 04723614 {England arhd Wales)
AGE UK DACORUM STATEMENT OF CASH FLOWS FOR THE YEAR EIVDED 31 MARCH2025 2025 2024 Notes Cash flows from operating activities Cash absorbed by operations 17 {148.584) 1184,2181 Investlng actlvltles Purchase of tangible fixed assets Investment income received 12,3001 433 Net cash generated from/(used Inl investing activities 11,8671 Net cash used in financng activitie5 Nét d¢rÈasÈ in cash and <ash equlvalents {148.583 1186,0851 Cash and cash equivalents at beginning of year 155.163 341,248 Cash and cash •qulvalents at end of year 6.580 155,163
AGE UK DACORUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH2025 Accounting policlès Charity Information Age UK Dacorum is a company limited by guarantee incorporated in EThJland and Wales. The registered office is Half Moon Yard. High StreeL Hemel Hempstead. Herty HPI 3AE. 1.1 Accounting <onvention The financial Statements have beerh ppared in accordance with the charitable companys governing document, the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" I"FRS 102.1 and the Charities SORP -Accounting and Reporting by Charities-. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective l Jarbuary 20191. The charitable company is a Public Benefit Entity as defined by FAS 102. The financial statements are prepared in sterfing. which is the funcbonal CurncY of the charitable company. Monetary amounts in these financial staternents a rounded to the nearest £. The financial statements have been prepared tjnder the historical cost convention. The piincipal accounling policie5 adopted are set out below. 1.2 Going concem At the lime of approving the financial statements. the trustee5 have a reasonable expectation that the charitable company has adequate resources to continue in operational existence lor the foreseeable future. Thus the trustee5 continue to adopt the going concem basis ol accounting in preparing the financial statements. 1.3 Charltable funds General funds are unre5tricled funds which are available for use at the discretion of the trustees in furtherance of their cha¥itable objertwes and which have rt been designated for any other purposes. Designated lund5 comprise unrestrirted funds that have been set aside by the Trustees for particular purposes. The aim and use of each de51gnated fund is set out tn the notes to the financial ststernent5. Re5tiicted funds are subject to specific conditions by donois or grantors as lo how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Investment income, gains and losses ale allocated to the appropriate fund. 1.4 Income Income 15 recognised when the charitable company is legalty entitted to it after any performance conditions have been met, the amounts can be measured reliabty. ar it 15 probable that incorne will be received. Cash donations are reco9nised on receipt Other donations are recognised once the charitsble company has been notified of the donatiorn unless perfomance conditions require deferral of the amount. Legacies are recognised on receipt or otherwise il the charitable company has been notified of an itllpending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy 15 treated as a contingent asset.
AGE UK DACORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Accounting policie5 Icontbnuedl Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant fLJnds on the Balance sheet. Where income is received in advance of entitlemenl of receipt, its cognItion is defeTied and included in creditors as deferred income. Where entitlemenl occur5 before income is received, the income is accrued. On receipt, donated prole55ional service5 and faalities ale lecognised on the ba515 01 the value of the gift to the Charitable Company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open marke( a corresponding amount is then recognised in expenditure in the peii¢)d o( receipl. Other income is recognised in the period in which it is receivable and to the extent the goods have been PTovided or on completion of the service. Government giants relating to tangible fixed assets are Ireated a5 deferred income and released to the Statement of financial activities over the expected useful Ie5 of the assets concerned. Other grant5 are ciedited to the Statement of financial acli¥itie5 as the related expenditure is incurred. Interest on fvnds held on deposit is included when receivable and the amount can be measured reliably by the Charitable Company, this is normally upon notification of the interest paid or payable by the institution wth whom the funds are deposited. 1.5 Expenditure Expenditure is recognF5ed once thère is a legal or conslnjctive obligation lo transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlemenL and the amount of the obligation can be MeaSud reliabty. Expenditu is classified by activity. The c05t5 of each a(tiwty ale made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single actwity are allocated directly to that aitMty- Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those actiwties on a basis consistent with the use of resources. Expenditure on raisin9 funds includes all expenditure incurred by the Charitable Company to raise funds for ils charitable purposes and includes costs of all fundraising adivities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which furtheT the Charitable Company's objertives. as well as any associated support C05t& 1.6 Tangiblè fixed assets Tangible fixed assets costin9 £1.000 01 more are capitslised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially measufed at cost and subsequendy measured at cost or valuation, net of depreciation and any impairment losses. Depreciation 15 recognised so as to write off the cost or valuation of assets less their residual values over their useful lives using the straight line method. Depreciation is provided on the following basis.. Compute¥s 25% The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asseL and is recogni5ed tn the statement ol financial attivities. 10-
AGE UK DACORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Accounting poll¢les (Continued) 1.7 Cash and cash eqwivalents Cash and cash equivalents include cash in hand. deposits held at call wth banks, other short-term liquid investments with original maturities ol three monih5 or less, and bank overdraft5. 1.8 Financlal instruments The charitable company has elected to appty the promsions of SertK>n 11 'Basic Financial Instruments, of FRS 102 to all of it5 financial instrutnents. Financial instruments are reco9nised in the charitable companls Imlance sheet when the charitable company become5 paty to the corbliactual prwsions of the instrument Financial assets and liabilities are off5eL with the net amounts presented in the fifiancial ststements, when there is a legally enforceable right to set ofl the recognised amounts and there 15 an intention to settle on net basis or to realise the asset and settle the liability simvltaneousty. Bawc financiJl8ssets Basic financial a55ets, which include debtors and cash and bank balances are initialty measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitute5 a financing transaction, where the transaction is measured at the present value of the future reIpts discounted at a market rnte of inteSt. Financial assets classified as receivable within one year are not arnortised. Basic financiallAabililies Basic financial liabilitie5, including creditors and bank loans are inithilly recognised at transaction price unless the arran9ement constitutes a financing Iransaction. where the debt instrument is measured at the present value of the luture payments discounted at a market rate of interest. Financial liabilities clas5ilied as payable within one year a not amort15ed. Trade creditors are obligations to pay lor goods or service5 that have been acquired in the ordinary course of operation5 from suppliers. Amounts payable are classified as current liHbilities if payment is due within one year or less. If not, they are presented 35 non-current liabilities. InaJJcMllia1i1RS Deremgnition oir Financial liabilities are dereco9nised when the charitable compaThy s contraclual obligations expire or are discharged or cancelled. 1.9 Employee bènefits The cost ol any vrkUSed holiday erbtitlement is recognised in the period in which the employee's seNices are received. Termination benefits are recognised immediately as an expense when the charilable company is demonstrably committed io terminate the employmenl ol an employee or to pde terrninatson benefit5. 11
AGE UK DACORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 31 MARCH2025 Income from donations and lega£ies Unrestrirted Restricted funds funds 2025 2025 Totsl Unrestrided Re5trirted lund5 funds 2024 2024 Total 2025 2024 Donations 51.773 52.773 92.291 92,291 Income from choritsble activitie5 Unrestrirted Restricted fund5 funds 2025 2025 Total Unr¢strid¢d Restricted fund5 funds 2024 2024 Total 2025 2024 Grants Contract irncome Local authority grants Trading Client subscriptions 144,932 386,117 61.581 144.932 386,117 61,581 47,526 9.992 351 351 1.314 183 1,314 183 47.526 9.992 1.497 351 L848 57.518 592,630 650.148 Income from other trading artiv•lie5 UDrestrirted Unrestrlcted funds funds 2025 2024 Fundraising events loo 2,371 Income from investments Unrestricted Unrèstricted funds funds 2025 2024 Bank interest 433 12-
AGE UK DACORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Expenditurè on raising funds Unre5trict•d Unrestrict nds funds 2025 2024 Fundralsing and publiclty Advertising and promotion Other fundraising costs 553 682 1,235 Expenditure on charitablt activities Communlty Dementia Support e4 Independent Living 2025 Good Nei9hbours Core Total 2025 2025 2025 2025 Dirert Costs Miscellaneous expenses Other fees Admin and other costs Sub Contractor costs 60 L214 130 36 1,404 36 32 351 17 15 351 411 L231 15 166 1.823 Share of support and governan£e costs (see note 8) Support 3,021 307 3,328 411 4.252 15 473 5,151 Analysls by fund Unrestricted funds Restricted funds 3.252 15 473 3,800 1,351 351 411 4.252 15 473 s,Isi 13-
AGE UK DACORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Expenditure on ch?r&tsble artivrlies (Continued) Prèvious year- Commvnity Démèntia Support 8t Indtpendtnt Li¥ing 2024 Good Young at Nèighbours Heart Core Total 2024 2024 2024 2024 2024 Dirert costs Staff costs DepCiatIon and impairment Subscriptions Vehicle cost5 Recruitment Courses and training Travelling and subsisten Meals and refreshments Tools and materials Rent, hall hire 3rbd 5eMce charges Telephone Printing, postage and stationery Miscellaneou5 expenses Other fee5 Admin and other costs Sub Contractor costs 172.260 16.911 13,492 12.861 215.524 1.532 so 725 1,532 369 725 50 404 7,287 6,542 11,392 127 102 50 253 6,273 120 11.392 151 470 6,172 428 236 116 14 3,192 88 3,192 2,168 955 150 774 201 389 5.788 122 1.403 183 iii 309 807 8,387 400 1,216 299.749 40 400 187 248,140 246 7.1)00 48 735 30,329 8,280 445.897 29,753 7,228 54,850 21016 559.744 Share of sUPPOrt and governance £05t5 {5ee not* 8) Support 62.860 4.260 156 10,718 1.034 79.028 508.757 34.013 7.384 65.568 23,050 638,772 Community Dementia Support Independent Living 2024 Good Neighbours Young at Heart Core Totsl 2024 2024 2024 2024 2024 AnJly5is by fund Unrestricted lunds Restricted funds 169.961 338.796 20.978 13.035 7.384 10.71B 54.850 23,050 232,091 406,681 508.757 34,013 7.384 65,568 23,050 638,772 14-
AGE UK DACORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Support costs allocated to artlvltles 2025 2024 Staff costs Depreciation Meals and refreshments Rent, hall hire and service charges Miscellaneous expense5 Bank charges Audit fees Other lee5 Irrecoverable VAT Admin and other cost5 Sub-contractor costs 28,491 534 377 12,741 1,551 665 10,430 2,306 2,054 15,154 4,725 350 621 2.357 3,328 79,028 Analysed be•een. Community Support & Independent Lin9 Dementia Good Neighbours Young at Heart Core 62,860 4,260 156 10,718 L034 3.021 307 3.328 79.028 Net movement In funds 2025 2024 The net movement in funds is ststed after chargingllcreditin91: Fees payable lor the independent examination of the thari5 ffinancial statements Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets 2,066 15,136 10 Trustees None of the tiustees lor any persons connected with them) eNed any remuneiation or benefits from the charitable company during the year. During the year ended 31 March 2025. no twsiee5 were reimbursed for expenses 12024.. Iwo trustees were reimbursed £173 for travel expense51. 15-
AGE UK DACORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 11 Employees The average monthly number of employees durirhg the yearwa 2025 NumbeT 2024 Number Employees 40 There were no employees during the year. In 2024, the average number above relates to the five month period to 31 August 2023. 38 staff from Age UK Dacorum trarb5ferred to Age UK Hertfordshire on 8 September 2023. Employment Costs 2025 2024 Wages and salaries Social security costs Other pension c05t5 244,015 12,884 5,864 248,984 There were no employees whose annual remuneration was more than £60.(. Remuneration of kèy management personnel Remuneration and benefits received by key management personnel for the year amounted to salaries ol £Nil 12024". £71,169) and pension of £Nil12024'. £2,080). 12 Other expenditure Unrestricted Unrestrirted funds fund5 2025 2024 Net105s on disposal of tangible fixed assets 15,136 13 Taxation The charity is exempt from taxation on its actwities because all its iwKome 15 applied for charitable purpose5. 14 Debtor5 2025 2024 Amounts falling due wlthin one year. Other debtOT5 24.611 11,852 16-
AGE UK DACORUM NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 15 Credlto¥s- amounts falling due withln on• year 2025 2024 Othei taxation and social security Accruals and deferred income 5.362 150,033 155,395 16 Designated and Unrestrlcted funds The unrestricted fund5 01 the charity comprise the unexpended balance5 of donations and grants which are not subject to specific conditions by don015 and grantois as to how they may be used. Thesè include designated funds which have been set aside out of unrestricted fvnd5 by the tn¢stee5 for specific PUTP05es. At l April 2024 In<omlng Resources resources expended Tran5ftrs At 31 March 2025 General funds General Funds - all funds IL620 53,371 I33.8() 31,191 Previous year. At l April 2023 Incoming Restsur¢es *xpended Transfèrs At 31 March 2024 Design)ted funds Trustee Development fund Redundancy fund 86.954 14.CKJO 186,9541 114,0001 General funds General Funds- all funds 172,468 152.613 47.4601 433.999 11,620 Total unrestrirted funds 273.422 152,613 1747,4601 333,045 11,620 17-
AGE UK DACORUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 17 Cash absorbed by opèration5 2025 2024 Surpluslldeficit) for the year 19.571 1408,8981 Adjustments for. Investment income recognised in statement of financial a(tivities (Gain)0$$ on disposal of tangible fixed assets Depreciation and impairment of tangible fixed assets iii 14331 15,136 2,066 Moverntnts in working capital: ncreaselldecrease in debtors {Decreasel[Increase in credito 112.7591 1155.3951 77.611 130.3 Cash absorb•d by operations {148,5841 1184,2181 18 Anaty515 of changes in nèt funds At l April 2024 C•sh Ilows At 31 March 2025 Cash at bank and in hand 155.163 1148,5831 6.580 155.163 1148,5831 6.580 18-