mailes Goldie CHAR TERED ACCOUNT ANTS REGISTERED NUMBER:04792749 REGISTERED CHARITY NUM8ER:1101418 Age UK Hull and East Yorkshire Limited Financial Statements 31 March 2025 'AEGRNYAP* 0511212025 COMPANIES HOUSE A13 #153 [IOlliir,iJir5111llf,,,,I,I'bldl'lO ICASW CHARTEREO ACCOUNTANTS Age UK Hull and East Yorkshire Limited Contents of the Financial Statements for the year ended 31st March 2025 Page Report of lh• Trustees Report of the Independent Auditors 9 to 12 Stal8m•nl ol Flnanclal Activitles 13 8alan¢g Sh¢•t 14 Cash Flow Statement 15 Notes to the Cash Flow Ststement 16 Noto$ lo the Flnanclal Stalements 17 to 24 Age UK Hull and East Yorkshire Limited Registered number: 04792749 Report of the Trustees for the year ended 3181 March 2025 The Trustees present their annual report together with the audited financial statements of the Charity for the year 1 April 2024 to 31 March 2025. The Trustees ￿nfifrn that the annual report and financial statements of the Charity comply wilh the current statutory requirements, the requirements of the Charity's governing d￿Vrnent and the provisions of the Statemenl of Recommended Practice (SORPI, applicable to charities preparing their accounts in accordance wllh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectlve 1 January 2015) as amended by Update Bulletin 1 leffectsve 1 January 2015). Age UK Hull is a charity and ￿gIStered company which is governed by a board of Trustees. Introduction by the Chair In 2024125 Age UK Hull and East Yorkshlre continued to strengthen the breadth and depth of its services for older people across the region. We moved to our new premises on Preston Road in Easl Hull and have now settled in lo accommodation that gives room for fvrther expansion as and when the time is right 2024125 saw us celebrate our 75th anniversary. In the 75 years of our existence, we've had S differenl names, 7 dlfferent homes and supported well over 500,000 of the region's most vulnerable older people. Our Information and Advice service provides the region's only older-person4edlcated welfare benefits advice service. The sudden change in July 2024 to Winter Fuel Allowance eligibility provided a significant challenge to the team, however swift and innovative changes to services and working closely with partners saw us successfully increase take up of eligible benefits by over 37%0. Across the year, all of our other services also saw significant Increases in demand not lust in temis of the number of people requiring support. bul also in the complexity of needs with whlch older people were presenting. Loneliness and isolation contlnue to be on the increase, exacerbating other Issues older people are dealln9 wilh. Community Companions continued to help people overcome barriers to transport. the number of lonely older people supported by our Befriending seNices hil an all-ts'me high, our Volunteer numbers continued to increase, the Falls SeNice prevented 98 /0 of clients falling again, the Walking Football programme went from strength to strength and our Home Support service grew by over 30.1.. Soclal groups continue lo be our highest profile community-ba5ed actlvity, helping over 250 older people each week, and this year several new groups were established across the region. Our Christmas sooal lunches Saw over 350 people come together to share in wonderful food, entertainment and receive an individual gift. And we couldn'l have imagined that our Christmas shoe box appeal would see the local community provide and distribute over 1,100 Christmas gift boxes to the region's mosl isolated and vulnerable older people. Whilst the charity continued to deliver much needed services we also campaigned and advocated for older people. During the 2024125 year we did much to raise the issue of Dorneslic Abuse and its effect on older people, holding a regional learning event attended by over 125 people. Along with delivering all this, the team secured the externally verified Charity Quality Standard and Quality of Infonnation and Signposting Standard. Whilst we believe that we're doing a good job it is gratifying to receive such external recognition. Flnancing all this amazing work contlnues lo be a significant challenge. Careful use has been made of the funds we have secured, and our reserves have continued lo be invested lo sustain our services. Plans for the future involve both strategic funding developments along with a programme of community-based fundraising, including remembering Jean. 'The Bee Lady" Page 1 Age UK Hull and East Yorkshire Limited Registered number: 04792749 Report of the Trustees for the year ended 31st March 2025 In early August 2025 we said goodbye to our Chief Executive of the last three years as he moved on to a position with the Age UK National organisation. After a thorough recruitment process, we were delighted to welcome our new CEO, Simon Himsworth. lo the organisats'on on 1 st September 2025. Simon brings a wealth of experience in managing complex organi5ations and has an excellenl track record. As ever, the strength of our organisalion is the dedication of our staff and our volunteers. never more so than now when there is increasing demand for our services but diminishing financial resources available for the charily sector in general. On behalf of the Board of Trustees, I should Ilke to thank all of our staff and volunteers for their unstinting efforts in helping us to achieve our vision for all older people to live gratifying sustainable independent later lives. The future will be challenging bul, as a Board of Trustees, we're confident that we have the team and plans in place In order to continue our support for older people across the Hull and Easl Yorkshire region. 08JECTIVES AND ACTIVITIES Objectives and activities Taking account of the needs of older people within the charity's area of benefit are central to the trustees, approach to setting objeclives and planning for aclivilies. The Trustees have given due consideralion to general guidance published by the Charity Commission relating lo publlc benefit, includlng the guidance 'Public benefit.. running a charity (PB21'. Our vision is: "For all older people to live gratifying sustsinable Independent laler lives" Our mission In pursulng Ihal vislon Is to.. 'Ensure that older people get the services and support they need where and when they need them." The Trustees, report details how these objectives were achieved in 2024125 through the provision of our charitable services. which we are continuing to deliver during 2025126. Flnanci81 revlew Principal funding sources Most of our services are delivered under Contract or through grant aid. We continue to be exlremely grateful lo everyone who funds us lo support older people in Hull and East Yorkshire. Reserves policy Age UK Hull and East Yorkshire's Board of trustees has reviewed Ihe amount of rese￿eS it regards as a minimum prudent requirement and has concluded that provision for six months administration, public education and fundraising costs is sufficient. Thiswould allow lime to manage costreduclions or fund appeals as required thilst minimising the impact on service provision. Based on the forecast for 2025126, the desired minimum reserve level is approximately £400,000. As at 31 March 2025, free reserve5 less amounts held as fixed assets stands at £541,198. Additional funds are to be utilised for addili¢)nal service enhancement, building capacity and expanding the public infonnation prograrnme going fopward. Page 2 Age UK Hull and East Yorkshire Limited Registered number: 04792749 Report of the Trustees for the year ended 31st March 2025 OBJECTIVES AND ACTIVITIES Age UK Pathway for a gratifying sustainable and enjoyable later life The Age UK Pathway for a gratifying sustainable and enjoyable later Ilfe fomis the focus of our servlce development, design and delivery around four key elemenls.. How can we help - assess needs and understand what support is needed Make a plan - who is going to do what, where and when so needs are met Independence matters - supporting people lo live sustainably in the community Friendship matters - ensuring older people can enjoy later life Age UK Hull and East Yorkshlro s•rvlc•8 All of our actlvities are organised into 4 main themes: 1 Positive activities 2 Home support 3 Befriending 4 Information and advlce Positive Activities This activity theme is all about our services that support older people lo engage in activities that promote mental and physical well-being. Older people can face many barriers to being engaged In thelr communllles - for example the impacl of age- related illnesses and medical issues can restrict mobility, and the loss of a Ilfe partner can have a devaslaling impact upon many aspects of life. We also conlinue lo deal with many older people wtho are still very reluclant to leave the house, gather in larger groups and especially to travel independenlly. However, delivering seNices and activities that are attractive and beneficial for older people to attend, and wthich are based in the heart of the communities in which they live. are crucial factors in creating a reason for older people lo "come out. of their homes. We also support older people to overcome bolh the physical and emotional barriers they may have lo leaving their homes. Our Community Companions servlce helps lonely and socially isolated older people reconnect with Iheir communits'es by helping them feel more confident in getting out and about and using transport - whether il is walking, bus, taxi or community transport. The service matches lonely and isolated older people with a trained Community Companion volunteer. The aim of the service is to reduce loneliness and isolation amongst older people by helping them lo reconnecl with their local communities, their friends. and family. We support them to leave their homes using either public transport, community transport. taxis, walking or even cyclin9. We help older people address the barriers they face in leaving their homes. such as anxiety or a lack of confidence. Social Grou Our social groups are spread across the Hull and East Yorkshire region, held in venues which are accessible and in the heart of the communities which older people live. They provlde Ihe opportunity lo meet. socialise and also access support and advice. During the year 6,254 attendance were recorded over 379 sessions. Walkin Fo The Age UK Hull and East Yorkshire walking football programme is all about helping older people in communities to keep aclive and to improve physical and mental wellbeing through playing the game. The sessions are open to anyone over the age of 50 regardless of ability or previous experience. 1667 attendances were spread over 99 sessions held across venues throughout the year. Page 3 Age UK Hull and East Yorkshire Limited Registered number: 04792749 Report of the Trustees for the year ended 31st March 2025 OBJECTIVES ANO ACTIVITIES Falls Falls are a common, but often overlooked. cause of injury. Around one in three adults over 65 who live at home will have al least one fall a year, and about half of these will have more frequent falls. The Age UK Hull and East Yorkshire Falls prevention team members vlslt older people in their homes and carry out holistic risk assessments to identify any potential risks in the home, as well as offering advice on how to prevent any further falls occurring. Team members also go out into the community and offer information and advice to Social groups. as well as other professionals working in Health and Social Care. In the period, 53 home visitslfalls assessments were conducted and 141 people attended 16 talkslpresentations that W￿re delivered. Home Support We have an established team of trusted, trained, and experienced Home Support Workers ￿ whom older people can rely lo help them to continue lo live independently in their own homes. Over the 2024125 period we have invested and developed our Home Support service and greatly increased the range of services we offer to include.. Cleanlng One-off spring Clean Laundryllroning Meal Preparation House Sitting Calls Medication Prompting & Support Shopping (with you or for you) Escortlng to Appoinlmenls - or going for a coffee & a that Walking your Dog Holiday Packages - Support whilst familylcarers are away. And we essentially simply tell people lo just ask us & we will see what we can do. Cleaning people's homes is still the most commonly used service with feedback from family members highlightlng services such as shopping and escorting clients to appointments as really supporting ihem, taking some of the load off their shoulders when they are supporting their elderly loved ones. B•fri•nding Our Befrlending servlce aims to reduce loneliness for tr￿uSeboUnd older people by providing regular contact, made by a fully irained and supported Age UK Hull and East Yorkshire Volunteer Befriender. Contact is made in a variety of ways, with our focus being lo engage and support the lonely older person in a way which suits Ihem best. Over811323 individual service users accessed our befriending services during 2024125. Telephone Befriending Service The Telephone Befriending service aims to reduce loneliness by providing a regular telephone call. allowing the older person lo enjoy general conversalion on subjects that interest them. 191 older people received a befriending phone call each week. Home Visiting Befriending Service This seNice provides support to older individuals who are housebound in the comfort of their own home. Our trained volunteers are matched to the service user and provide regular friendship visils with the aim of reducing the feelings of social isolation and loneliness. 117 isolaled and housebound older people recelved regularly home visits during 2024125. Page 4 Age UK Hull and East Yorkshire Limited Registered number: 04792749 Report of the Trustees for the year ended 31st March 2025 OBJECTIVES AND ACTIVITIES Penpal Befriending Our Penpal befriending service matches older members of our communlty with pen Irlends who have common interests or simply share that feeling of excitemenl when a handwritten letter is posted through the door! We aclively recfult older people to join Penpal Befriending, alongside other volunteers. Letters are sent monthly with service users received regular letters. Volunteers are at the core of all aspects of the Befriendlng service. Each Volunteer receives an induction and full training on befriending and listenlng skills, along with on-going regular supervision and support. Information and Advlce Our Information and Advice service provides help and support for older people on a variety of Issues, offering free and confidential information and advice service for older people. their families, carers and partner agencles. Our dedicated and trained team of professional advisors help asses and Identify whal benefits older people In need may be entitled lo and then provide guidan￿ and support in completing application for benefils claims. Attendance Allowance, Carers Allowance, Pension Credit, Housing Benefit and Cost of Living Grants form the core of the benefit claims support we offer. Ourfng the year, the team received over 12,500 incomlng calls. STRATEGIC REPORT STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documenl The charity is controlled by its governing document, a deed of trust, and constitules a limited company, limiled by guaranlee, as deflned by Ihe Companies Acl 2006. The charity is controlled by its governing document. a deed of Irust, and consltlutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The Company's governing document is ils Memorandum and Artides. Organlsatlonal structure The body responsible for the general control and management of the Charlty is the Board of Trustees. A nominated Truslee advises and liaises with senior managers on matters of finance, personnel. health & safety. volunteering and fundraising. The Trustees delegate the day-lo-day management of the charity to an executive team which executes the policies and strategies defined by the board. Page 5 Age UK Hull and East Yorkshire Limited Registered number: 04792749 Report of the Trustees for the year ended 31st March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Membership of the Board The Board comprises 5 Trustee members la quorum of 31 and meets a minimum of 4 times a year. Method of appointment or electlon of trustees.. New Trustees are reLYuiled and appointed using various methods. These methods include advertising, nelworking and by making a direct approach lo people that might be inlerested and have necessary skills and experience. Age UK Hull's Policies and Procedures in respect of Trustee recruitment and development are thorough and include key elements relating to services and activikn'es. legislation, equal opportunities and diversity. Risk managemont The Trustees have overall responsibillty for ensuring that the Charity has appropriale systems of Inlemal controls across Ihe entire organisation of Age UK Hull. They are also responsible for safeguarding the assets of Ihe Charity and hence for taking reasonable steps for the prevention and deleclion of fraud and other irregularities. The systems of inlemal control are designed to provide reasonable assurance against material misslatemenl or loss. Internal control processes implemented by the Trustees indude.. Assurance to donors and beneficiaries that there are appropriate systems in place to ensure that the resources of the Charity are effectively allocated and utilised. A strategic plan and an annual budget approved by the Truslees. Regular consideration by the Trustees of financial results. variances from budgets. forecasts. and performance indlcators. Delegation of authorily and segregation of duties. Identification and management of risk. Although there no requirement for an audil under the companies act the trustees do, The Trustees have in place a formal risk management process to assess and document rlsks and Implemenl risk management strategies. This process includes review by Trustees, Chief Executive Officer and the Executive Team. The process identifies the types of risks the Charity faces, prioritise them in lerms of likelihood of occurrence and potential impact and identifies the means of miligating these risks. Risk management is embedded in Ihe day-l04ay processes of the Charity. The Risk Management Plans also aim lo safeguard Ihe staff and volunleets, customers and the Charity's reputation. Age UK Hull ensures that staff are Irained and properly supported, that there is a Safeguarding Policy in place for older people using the services and that adequate personal, public and professional liability insurance is in operation. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04792749 (England and Wales) Reglstered Charlty number 1101418 Registered office Axida House 350 Preston Road Hull East Yorkshire HU9 SHH Page 6 Age UK Hull and East Yorkshire Limited Registered number: 04792749 Report of the Trustees for Ihe year ended 31st March 2025 Trustees P D Duffield LLB FCA R J Howes M Johnson (resigned 21.7.2025) J E Mansfield F T Owen (appointed 8.4.2024) J A Mills (appointed 21.10.2024) Company Secretary P D Duffield LL8 FCA Auditors Smalles Goldie Chartered Accounlants Stalutory Auditor Regent's Court Prin￿SS Street Hull East Yorkshire HU2 88A Bankers Bank of Scotland 33 Old 8road Street PO BOX 100 BX2 L18 Sollcitorn Rollits Citadel House High Street Hull HU1 1QE CHANGE OF NAME The charitable company passed a special resolution on 24th July 2025 changing its name from Age UK Hull to Age UK Hull and Ea51 Yorkshire Limited. STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also Ihe directors of Age UK Hull and Easl Yorkshlre Limited for the purposes of company law} are responsible for preparing the Report of the Trustees and the financial statemenls in accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Practs'cel. Company law requires the trustees lo prepare financial statements for each financial year. Under Ihat law,.the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounling practi￿ (United Kingdom Accountsng Standards and applicable law). Under company law the trustees must not approve the financlal statements unless they are satisfied that they give a true and fair view of the state of affairs of the chantable company and of the incoming resources and application of resources, including the income and expenditure, of Ihe charitable company for that period. In p￿parIng those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charilies SORP; make judgements and estimates that are reasonable and prudent: prepare the financial statements on the going concem basis unless it is inappropriate to presume that the aritable company will continue in business. Page 7 Age UK Hull and East Yorkshire Limited Report of the Trustees for the year ended 31st March 2025 STA TEMENT OF TRUSTEES. RESPONSIBILITIES - conlinued The trustees are responsible for keepng proper accounting records which dtsclose with reasonable accura¢y at any time the financial position of the charitable company and to enable them to ensure that the financial statements compty with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevenoon arKI detection of fraud and other iriegularities. In so far as the trustees are aware: there is no relevant audit inforwAtion of which the cha¥[ta￿e company's auditors are unaware; and the trustees have taken a51 steps that they ought to have taken to make theMSe￿e$ aware of any relevant audit information and to establish that the auditors are aware of that information. AUDITORS The auditors. Smalles Goldie, will be proposed for re-app)intment atthe forthcoming Annual General Meeting. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, n 17th November 2025 and signed on the board's behalf by.. P D Duffield LLB FCA- Trustee Page 8 Report of the Independent Auditors to the Members of Age UK Hull and East Yorkshire Limited Opinion We have audited the financial statements of Age UK Hull and East Yorkshire Limited (the'charitable company,) for the year ended 31 st March 2025 which comprise the Slatemenl of Financial Activities. the Balance Sheet, the Cash Flow Slalernenl and notes to Ihe financial stalemenls. including a summary of significant accounts'ng policies. The financial reporting framework that has been applied in Iheir preparalion is applicable law and United Kingdom Accounting Standards (United Klngdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the stale of the charitable company's affairs as at 31 sl March 2025 and of its incoming resources and application of reSoUr￿s, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accountlng Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit In accordance wlth International Slandards on Audlling (UK) {ISAs {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that Ihe audil evidence we have obtained is sufficient and appropriale to provide a basis for our oplnlon. Conclusions relating to going concem In auditing Ihe financial statements, we have concluded that the Iruslees. use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, Indlvidually or collectively, may cast significant doubt on the charitable company's ability lo continue as a going concern for a period of al leasl twelve months from when the financial statements are authorised for issue. Our responsibilities and Ihe responsibilities of the Iruslees with respect to going concern are described in the relevant sections of this report. Other Infomiatlon The trustees are responsible for the other information. The other infomiation comprises the infomation Included in the Annual Report, other than the financial statements and Our Report of the Independenl Auditors thereon. Our opinion on the financial statemenls does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any fom of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is lo read the other information and. in doing so, consider whelher the other information is materially inconsislent with the financial statements or our knowledge obtained in the audit or otherwise appears to be malerially misstated. If we Identify such material inconsistencies or apparent maleTial misstatements, we are required to determine whether this gives rise to a material rnisslalement in Ihe financial statements themselves. If, based on the work we have performed. we conclude that there is a material misslatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by thè Companies Act 2006 In our opinion, based on the work undertaken in the course of the audil: the informalion given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent wilh the financial statements. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 9 Report of the Independent Auditors to the Members of Age UK Hull and East Yorkshire Limited Matters on which we are required to report by exception In the light of the knowledge and understanding of the tharilable company and its environment oblained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nolhing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequale accounling records have not been kept or retums adequate for our audit have not been received from branches not visited by us., or Ihe financial statements are not in agreement wlth the accounting records and returns., or rtain disdosures of trustees, remuneration specified by law are not made: or we have not received all the infomiation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial stalements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the tnjstees are responsible for assessing the charitable company's ability to continue as a going concern, dlsclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to Ilquidale the charitable company or to cease operations, or have no realistic altemative bul to do so. Page 10 Report of the Independent Auditors to the Members of Age UK Hull and East Yorkshire Limited Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial slatements as a whole are free from material misstatement, whether due to fraud or error, and to Issue a Report of the Independent Auditors thal includes our opinion. Reasonable assurance is a high level of assurance, but15 not a guarantee Ihat an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these finanaal statements. The extent to which our procedures are capable of detecting irregularities. induding fraud is detalled below.. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations. was focused on specific laws and regulations which we considered may have a direct material effect on the financial statement5 or the operations of the company, including the Companies Act 2006. lax legislation. data protection. anti-bribery, employment, environmental and health and safety legislation. An understanding of these laws and regulalions and the extent of compliance was obtained through discussion with management and inspecting legal and regulatory correspondence. We assessed the suscepllblllty of the company's financlal slalements lo materlal mlsslalement, Including obtaining an understanding of how fraud might occur, by making enquiries of managemenl and considering the internal controts in place to mitigate risks of fraud and non 81,539> Cash flows from investlng activities Purchase of tangible fixed assets Sale of intangible fixed assets Sale of tangible fixed assets Interest recelved (3,989) 4.255 (4,255) (4,043) Nel cash used in investing activities Cash flows from flnan¢ing activities Loan repayments In year Interest Paid (12,000) 456 (12,000) 554 Net cash used in financing aclivilies Change in cash and cash equivalents In the reporting perlod Cash and cash equivalents at lh• beginnlng of the reporting perlod (122,907> (97,028) 704.738 801,766 Cash and cash equivalents at the end of the reporting period The notes form part of these financial statements Page 15 Age UK Hull and East Yorkshire Limited Notes to the Cash Flow Statement for the year ended 31st MarGh 2025 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net expenditure for the reporting peri¢xl (as per the Statement of Financial Activlties) Adjustment$ for: Depreciation charges Loss on disposal of fixed assets Interest received Interest paid Increase in debtors Increasel(decrease) in creditors (105,117) 166.749) 5,734 4,255 5.113 2,596 {17,672} 1,460 {2,938) 16,965 Net cash used In operatlon8 ANALYSIS OF CHANGÉS IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank 704 738 122,907 704 738 122 907 Debt Debts falling due wllhin 1 year Debts falling due after 1 year 112,000) 112,000) 11,544 47.417 Total 111363 534 414 The noles form part of Ihese financial statements Page 16 Age UK Hull and East Yorkshire Limited Notes to the Financial Statements for Ihe year ended 31st March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slatemenls of the charitable company, which is a public benefit entity under FRS 102, have been prepared In accordance with the Charltles SORP (FRS 1021 'Accounting and Reportlng by Charities.. Statement of Recommended Practi￿ applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191., Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financAal statements have been prePa￿d under the hislorical cost convention, wllh Ihe exception of investments which are Included al market value. Critical accounting judgements and kèy sources of estlmated uncertainty The preparation of the financial statemenls requires management to make judgements, eslimates and assumptions that affect the amounts reported. Thls includes the choice of depreciation method applied lo fixed assels and provisions for legacies. These estimates and judgements are continually reviewed and are based on experience and other faclars, including expectations of future events Ihal are believed to be reasonable under the arajmslances. Incom• Income received for services provided is accounted for on an accruals basis. Cash donations, gifts and legacies are included in full in the income and expenditure account as they are received. Any signlficant non-cash donalions are included in the income and expendilure account at the Irustees, estimate of their market value when recelved. The value of voluntary help is not included in the accounts. Grants and other funding of revenue nature are deferred and released lo the income and expendilure account over the period lo which they relate. Bank inlerest is included In the income and expenditure account on an accruals basis. Expendilur• Llabilities are recognlsed as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure. it is probable thal a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditu￿ is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attribuled to particular headings they have been allocated to aclivities on a basis consislent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estlmaled useful life. General Equipment Fixtures and Fittings 10Yo - 33Vo on cost 10Q/o on cost Taxation The charity is exempl from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charilable objectives at the discretion of the trustees. Restricted funds can only be used for particular ￿$tricted purposes within the objects of the charity. Restrictions arise when speafied by the donor or when funds are raised for particular restricted purposes. Page 17 continued... Age UK Hull and East Yorkshire Limited Notes to the Flnanclal Statements - continued for the year ended 31st March 2025 ACCOUNTING POLICIES- continued Fund accountlng Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Penslon costs and other post-retirement benefits The charitable company operates a defined conlribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Stalement of Financial Aclivilies in the period to which they relate. Financial Instruments Financial instruments are dassified and accounted for, according to the substance of the contractual arrangement, as financial assels. financial liabilities or equity instruments. An equity instrumenl is any contract that evidences a residual interest In the assets of the cornpany after deducting all of its Trade and other debtors are recognised initially al transaclion price less attributable transaction costs. Trade ad other creditors are recognised al an initial transaction price plus attributable transaction costs.Subsequent to initial recognition they are measured al amortised cost using the effective interest method, less an impairment10ss in the case of trade debtors. Invastmonts Investments both current and fixed are included al fair value wilhln the accounts. OONATIONS AND LEGACIES 2025 2024 Oonalions Legacies 51,404 20.070 18,049 59,816 38.119 INVESTMENT INCOME 2025 2024 Interest receivable Page 18 continued... Age UK Hull and East Yorkshire Limited Notes to the Financial Statements - continued for the year ended 31st March 2025 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Charitable Aclivilies Charitable Activities Grants Fees tharged to clients 381,735 230 925 331,272 156243 612.660 487,515 Grants in the year included in the above are as follows: Dislricvcity Council Age UK National Hey Smile Foundation Two Ridings Communlly Foundalion Ann Walson Trust Cllizens Advic8 Sports England Joseph & Annie Cattle Charitable Trusts 203.308 22,913 6,800 82,406 1,356 20,994 11,958 1,000 31,000 CHARITABLE ACTIVITIES COSTS Support costs {see note 6) Direct Costs Totals Charitable Activities 174 132 777 $94 SUPPORT COSTS Governance costs Management Finance Totals Charitable Activilles 101235 174 132 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is staled after chargingl(crediling)'. 2025 2024 Audllors, remuneration Depreciation - owned assets Deficil on disposal of fixed assets 13,290 5,734 8,880 5,112 Page 19 continued... Age UK Hull and East Yorkshire Limited Notes to the Financial Statements- continued for the year ended 31st March 2025 TRUSTEES. REMUNERATION AND BENEFITS There were no truslees, remuneration or olher benefits for the year ended 31 st March 2025 nor for Ihe year ended 31 sl March 2024. Trusteos, exponses There were no trustees, expenses pald for Ihe yeaf ended 31 st March 2025 nor for the year ended 31sl March 2024. STAFF COSTS 2025 2024 Wages and salaries Social security costs Other pension costs 479.107 27.460 7,690 396,989 21,729 6.475 514 257 425 193 The average monthly number of employees during the year was as follows.. 2025 14 18 2024 Administrative & Support Charitable Activities 23 32 29 No employees re￿iVed emoluments in excess of £60,000. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslrlcled fund INCOME AND ENDOWMENTS FROM Donations and legacies 38,119 Charitable activlties Charitable Activilies 487.515 Total 525 634 EXPENDITURE ON Charitable activities Charitable Actlvities 592 383 NET INCOMEIIEXPENDITURE) (66.749) RECONCILIATION OF FUNDS Total funds brought forward 734,920 TOTAL FUNDS CARRIED FORWARD 668,171 Page 20 contlnued... Age UK Hull and East Yorkshire Limited Notes to the Financial Statements - continued for the year ended 31st March 2025 11. TANGIBLE FIXED ASSETS Fixlures and rillings General equipmenl Totals COST At 1 st April 2024 Additions Disposals 41,731 1,549 39,340 81,071 3,989 12 158) 12 158 At 31 sl March 2025 43,280 29,622 DEPRECIATION At 1 st April 2024 Charge for year Eliminated on disposal 32,513 1,521 20.789 4.213 $3,302 5.734 At 31st March 2025 34,034 17,099 NET BOOK VALUE At 31st March 2025 9,246 12,523 21,769 At 31 sl March 2024 9,218 18,551 27,769 12. FIXED ASSET INVESTMENTS Ltsted Investments MARKET VALUE At 1st April 2024 and 31 st March 2025 87 NET BOOK VALUE At 31st March 2025 At 31 sl March 2024 87 There were no investment assets outside the UK. 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepayments and accrued income 19,602 29.854 19.368 12.416 49,456 31,784 Page 21 continued... Age UK Hull and East Yorkshire Limited Notes to the Financial Statements - continued for the year ended 31st March 2025 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Olher loans (see not8 16) Trade creditors Social security and other taxes Accruals and deferred income 12,000 7,752 8,840 26.080 12,000 10.784 8,244 18.218 49,248 15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Other loans (see note 16) 35.417 46,961 Other loans is the amount of the loen from Hull Clty ￿ncIl that is not repayable untll after more Ihan one year from the balance sheet date. The loan is repayable at £12,000 per annum and will be repaid by 31 March 2029. 16. LOANS An analysis of the maturity of loans is given below.. 2025 2024 Amounts falling due within one year on demand.. Other loans 12,000 Amounts falllng between one and two years". Other loans- 1-2 years 24,000 24,000 Amounts falling due bet￿een Iwo and five years.. Other loans - 2-5 years 17. LEASING AGREEMENTS Minimum lease payments under non-cancellable operaling leases fall due as follows: 2025 2024 Within one year Between one and five years"_ ' 29,616 125,369 Page 22 continued... Age UK Hull and East Yorkshire Limited Notes to the Financial Statements - continued for the year ended 31st March 2025 18. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestrlcted funds General fund 668.171 {105.117) 563.054 TOTAL FUNDS 105 117) 563,054 Net movemenl in funds, included in the above are as follows: Incoming resources Resources expended Movement in lunds Unrestricted fvnds General fund 672.477 {777,594) (105,117) TOTAL FUNDS 672 477 Comparatlves for movemenl In fvnds Net movement in funds Al 31.3.24 At 1.4.23 Unrestricted funds General fund 734,920 {66,749) 668,171 TOTAL FUNDS 734,920 66.749) 668.171 Comparative nel movement in funds, Included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 525.634 (592.383) {66.749} TOTAL FUNDS 592,383) Page 23 continued... Age UK Hull and East Yorkshire Limited Notes to the Financial Statements - contlnued for the year ended 31st March 2025 18. MOVEMENT IN FUNDS - continued A curreni year 12 monlhs and prior year 12 months combined posllion is as follows: Net movement in funds At 31.3.25 At 1.4.23 Unreslrlcled funds General fund 734,920 (171,866) 563,054 TOTAL FUNDS 734 920 171,866) 563.054 A current year 12 months and prlor year 12 months combined nel movement in funds, included in the above are as follows.. Incorning resources Resources expended Movemenl in funds Unrestricted funds General fund 1.198,111 (1,369,977) 1171.866) TOTAL FUNDS 1 198 111 (1369,977) 171.8661 19. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 st March 2025. 20. LIMITED BY GUARANTEE The company is limited by guaranlee. Page 24