AGE CONCERN (EASTBOURNE NUMBER 2) LIMITED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Age Concern (Eastlx>urne Number 2) Llmlted Reference and Admlnlstratlve Detalls of the Charbty, its Trustees and Athiisors For the year ended 31 M¥ch 2025 Contents Page Reference and Administratlve Detalls Chalrfs Statement Tru5tees' Report 4-19 Independent Audltor's Report 20-22 Consolidated Statement of Flnanclal Actlvltles 23 Balance Sheets 24 Consolldated Cashflow Statement 25 Note5 tc the Financial statements 26-41 Age Concern IEastbourne Number 2) Limited Reference and Administrative Detalls of the Charity. its Trustses and Advlsors For the year ended 31 March 2025 The Trustees of Age Concern Eastbourne have pleasure In presentlng thelr Annual Report and Audlted Financlalstatements fortheyear ending 31 March 2025. The financlal statements have been prepared usin8 the accountin8 pollcies requlred by the Statement of Recommended Practice Accountlng and Reporting by Charities applicable to charlties preparing their accounts in accordance with the FRS appllcable in the Uk and Republic of Ireland {FRS 102) effective l January 2019. A8e Concern Ea5tbourne is a Registered Charity {No. 1101578) and a company Ilmlted by guarantee {Age Concern (Eastbourne No 21 Limbted: No. 4952839. All the powers of the Charty are vested in the Board of Trustees, whlchls responsible for the proper mana8ement of the Charfty. The names of all those who have served as Trustees durin8 the year endlng 31 March 2025 are: Trustees Counclllor Colin Belsey Mr Nathan Coker (Chalr and Treasurer) Mr Slmon Dodds (reslgned May 2025) Mr Paul Frost Ms Janet Jackson (elected May 2025} Ms Jo-Anne Lester (elected May 2025) Alan Norris Mr Brlan O'Nell Ms Parl Sheppard Charlly Number 1101578 Company Number 04952839 Prlnclpal Address The Willlam and Patrlcla Venton Centre Junctlon Road Eastbourne East Sussex BN213QY Re8iStered Office The Wllllam and Patricia Venton Centre Junctlon Road Eastbourne East Sussex BN213QY Age Concem (Eastbourne Number Zl Llrnlt Reference and Administrative Detsils of the Charity. it5 Trustees and Advisors For the year ended 31 Mar¢h 2025 Audltors Knox Cropper Chartered Accountants 65 Leadenhall Street London EC3A 2AD Tel: 0207 332 64LK) Fax: 0207 248 9225 Bankers Barclays Bank plc 63167 Tem)Inus Road Eastbourne East Sussex BN213NE Sollcitors SO Legal 15 Glldredge Road Eastboume 8N214RB Age Concern (Eastbourne Nurnber 2) Llmlted Chalrfs Statement For the year ended 31 March 2025 Introductlon As we present the accounts for 2025, 1 am remlnded once agaln of the strength, comp3551on, and resllience that define ABe Concern Eastbourne and the community we serve. This year has brought new challenge5, but also new opportunltles to deepen our impact and reaffirm our commltment to supporting older people across Easlbourne and the surrounding areas. The cost-of-living crlsis continues to affect many In our communlty. particularly older Indlvlduals who face increaslng financlal pressures and soclal isolation. In response, our charity ha5 worked tlrelessty to expand our services, advocate for the needs of older people, and ensure that every person we 5UPPOrt feels valued, heard, and respected. We have made rneaninBful proBress In several areas-enhanclng our outreach, 51ren8ihenln8 partnershlps, and adapting our programmes to meet changing needs. These achlevements would not have been p0551ble wlthout the dedlcatlon of our stsff, volunteers. trusteÈs, and supporters. Your unwaverlng commltment has enabled us to contlnue maklng a real dlfference In the Ilvesof thosewho rety on us. Aswe look ahead, we remain focused on our mlsslon: to improve the quality of Ilfe for older people in our communlty. Ttr￿re Is stlll much to be done, and we approach the future with deteTminatlon and hope. On behalf of the Board of Trustees, thank you for your contlnued support. Together, we wlll keep bulldlng a community where older people are empowered. connected. and cared for. Nathan Coker Chalr of Trustees Age Con¢ern ¢EaStb￿rne Number 2) Llmlted Truste￿ Report For the year ended 31 March 2025 MISSION STATEMENT To enhance and improve t￿ experience in later life of people In Eastbourne and the surrounding area. VALUES Put people first Take prlde In what we do. Act wlth Integrity. Respect other5. Be carln8 STRUCTURE. GOVERNANCE AND MANAGEMEN Constltutlon The Charlty Is governed by Artlcles of Association as amended on 27 November 2013 and was incorporated as a Company on 31 March 2CWM. Age Concern Easlbourne owns a tradlng company - A8e Con￿rn {Eastbournel Limlted whlch Is govemed by Artldes of Assoclatlon and Incorporated as a Company on 25 June 1999. The Company No. of the tradln8 company IS 3796445. Any surplu5 from the tradlng company Is 81ft alded to the main Companylcharlty. Company Law requlre5 the Trustees to prepare accounts for the flnanclal year whlch 8fve a true and falr view of the charltable company's state of affalrs at the year end, and of Its Income and expendlture for that perlod. In preparlng these accounts, the Trustees are requlreil to: Select sultable accountlng pollc*s and then apply them consistently Make Jud8ements and e5tlmates that are reasonable and prudent Prepare the accounts on the goln8 concern basls unless It Is inapproprlate to presume that the company wlll contlnue In buslness. The Trustees are responslble for keepln8 proper accountlng records which dlsclose wlth reasonable accuracy at any time the financlal position of the charitsble company and to enable them to ensure the accounts comply wlth the Companles Act 2CM)6. They are a150 respon51ble for safeguardlng the assets of the company and hence for takln8 reasonable steps for the prevention and detection of fraud and other IrregularltSes. Recrultmen¢ appolntment and tralnlng OA Trustees The skllls of Trustees are audited on an annual basls. Thls forms the basls of assessing trainlng needs ar)d a150 allows the Board to identify gaps that call for the appolntment of new Trustees. The method of recrultment Df new members is dependent upon the need Identifled thls could Involve approaching specifK organisatiorns, professions or if requlred advertisement in the local pres5. Age Concern (Eastbourne N￿￿ber 2) Llrnltsd Tru5tees' Report For the ytar ended 31 Mar¢h 2025 None of the Trustees has any bÉneficial interest In the company. All are members of the company arbd guarantee to contrlbute £1 In the event of a wlndlng up. On electlon or appolntment Trustees are Inducted Into the vKirk of Age Concern Eastbourne to ensure they have a full understa￿lIng of the major 5trate8ic and financial i55ues affecting the work of the Charitv. Organlsationo15trurture The charity is managed by a Board of Trustees who are electetl for a term of three years by the members at the Annual General Meeting. Retirlng Trustees are able to stand for re-electlon. The Chalrman of the Trustees Is also elected at the AGM for a three-year perlod and Is allowed to Serve for a maxSmum two terms. The Trustee Board takes responsibility for the strateBic directlon of the charlty and dele8ates day to day operation5 to the Chlef Executlve and the Senior Management Team. The elected offlcer5 of the Board are: Chalr and Treasurer Nathan Coker Secretary John Tralnor The Board meets quarterly and h85 one standlng sub-committee - Flnance & Personnel which )150 meets quarterly, In addition, from tlme to tlme, it appoints speclal commlttees to undertake speclfic areas of work for example, the Strateglc Plannlng Group. Day to day management of the charlty Is the responslbility of the ChSef Executlve together wlth his ManagementTeam. There are clear Ilnes of responslbllltyfrom Senlor mana8ers throu8h to managers, co-ordinators and front-llne staff. The chain of command 15 thus: Trustee Board Chlef Executlve Dlrector of Health and Soclal Care Department Manager5 Co.ordlnators Frontllne Staff vl. Rlsk Revlew The Board accepts its responsibi15ty under the Charity Commlsslon's Statement of Recommended Practice {SORP} for ensurlng the major rlsks to which the charityls exposed are identified and weviewed and that there a￿ systems in place to mitlgate a8alnst them. The charity undertakes an annual review of rlsk In Ilne wlth its a8reed policies and procedures. Ace Con¢em (Eastbourne Number Z) Umlted Trustseg Report For the year ended 31 Mar¢h 2025 The aim is to enable Trustees to identify and categorlse all corporate rlsks to the charlty, prioritising those whlch requlre urgent action thus reducin8 risk to an acceptable level. A rfsk register Is maintained which addresse5 the following key areas: Flnance Governance Management SeNlce Dellvery Compliance External Once Identlfied rlsks are assessed In terms of the Ilkellhood of their ocrurflng and the potentlal Impact on the charity - high, medium or low. So. for example, somethin8 mlght have a low Ilkellhood of happenlng but a high impacL PUBUC BENEFIT The Trustees have ¢omplled with the duty In secti¢n 1715) of the 2011 Charltles Act to have pald due regard to the 8uidance publlshed by the Charlty Comml551on on publlc benefit. In particular the Trustees conslder how planned artlvltle5 contrlbute to the achlevernent of the Charltvs objects. About us Age Concern Eastbourne has been provfdlng quallty servlces for local people slnce 1948. when It fomied part of the 'Old People's Welfare CommSttee.' Our seNlces are aimed at the frall and vulnerable, as well as those more aCt￿e and energetlc; so, whllst we are Justly proud of our care centred proJects1Ske Homecare, Attendance Allowance support, Day Club and Makln8 Memorles we also offer a varleiy of physlcal and cultural cholces 5ultable for most tastes. We are a local charity carlng for local people wlth local volunteers and staff. We belleve that every person should be able to look forward to later life wlth confidence; knowlng that organlsatlons Ilke ours wlll always be there to provide help, advlce and opportunltles to take part In actlvltles that promote Independence and wellbelng. At the Venton Centre The Venton Centre is a multl-purpose resource bulldlng thal is locaied behlnd the town's Beacon Centre and wlthln a flve mlnute walk of the traln station. For over twenty five years it has been a Ilvely, vibrant destlnatlon for the older people of Eastbourne offering upwards of over 40 activities and seNices every week. In recent years we have trled hard lo increase usage of the Centre outslde of normal Monday to Frlday office hour5. for example the lfve music that is played in the lounge every Saturday mornln8. We now also rent out the loun8e three evenlngs per week to a local acting school. Age Concern lÉastbourne Number 2) Llmlted Trusle& Report For the year ended 31 March 2025 In the communlty In addltlon to the actlvltles and se￿1￿5 on offer at the Venton Centre we work widety in the community to take our seNlces to those who, for one reason or another, are unable to come to us. Our volunteer advice workers help the frall and isolated to complete complicated beneflts fomis and our Homecare seplice provides both personal and domestic care. The E85tbourne Shed project15 the largest of its type In the country deliverlng over three separate sltes -Hampden ParK Langney Prlory and, followln8 a ￿cent move, Flnmere Road. Our shop5 As of the 31 March 2025 the followlng shops were open and tradln8: Hampden Park, 15 Brassey Parade, Eastbourne, 8N22 9NG Grove Road, "Llttle Chelsea" 36 Grove Road. EastbournÈ, BN214TR Green Street, 11 Albert Parade, Green Street, Eastl)ourne, BN21 ISD Lan8ney Shopplng Centre, Unit 21, 64 Kin8flsher Orlve, EastbDurne BN23 7RT Open Mon to Sat, from 9 a,m. to 4:45 p.m. the shops offer a wlde range of qualtty items Includlng dothln8 for all ages. accessories. chlldren's toys. CD'S. books, brlc a brac, collectables and furnlture. All Items sold In the shops were donated and the proceeds from sales 80 directly towards provldlng the many servlces we offer for the older people of Eastbourne. We have always relled upon on volunteers to asslst wlth the day to day runnln& from workln8 at the tlll and on the shop floor to helplng prepare stock for sale. The Warehouse, located In Flnmere Road, wlll house notjust one of the Shed projects but also a store space for the Tradlng company. Age Concern {Eastbourne Number 2) Llmit¢d Trustse< Report For the year ended 31 Ma￿h 2025 ACHIEVEMEMfs AND PERFORMANCE - sfRATEGIC PLAN 2023- ZOZ6 The strateglc plan was developed by the Board to ensure that the charlty could deliver on its strategic mlssion "to enhance and improve the experience in later Ilfe of people In Eastbourne and the surrounding area. The plan Set out four 5trateglc alms and 12 objertfves; the activltles of Age Concern Eastbourne durlng 2024125 fell within those aims and objectlves. AIMS, OBJEcfivES AND AcllviTIES AIM I. HELP OLDER PEOPLE MAINTAIN THEIR INDEPENDENCE ertlve I Molntaln our CQC ratlnq Ol"qood" byprovldlng a we114ed, sah effertlve. carlnq ond re5pgn51ve home¢are 5eThl¢e. The Homecare seN5ce retained Its ratlng of "Good" as per it5 last Care Quality Commlssion (CQCI audit. We adopt the pollcies and procedures Set out within the Quality Compllance System (QCS) ensurSng that the servlce provides a good and safe servlce to Homecare client5. Ob ectlve Grow the Home¢ore buslness so that It dellvers l.SLW hours olcare ea¢h month by the end of 2026. The servlce grew In Importance durSn8 24125 both In temis of meetlng our"mls51on° but also as an Income generator for the charity a5 a whole. As of the I Sept 2025 the servlce had 15 care and support workers. Inevltably the numbers of staff wlll go up and down In thls enterprlse, people leave, people join, but our new approach to recrubtment, quick en8a8ement with appllcants, found replacements for 3 leavers withln two months. Recrultment has been hampered however by delays wlthln the Olsclosure and Barrln8 Service IDBS). This Is partlcularly problematlc when candidate5 have rnoved home frequently over recent years. The target of 1.500 hours of care each month. to be reached by the end of 2026, Is provlng to be unreallstlc but the hours are steadily Increasing month by month-650 hours (Jun 25), 705 hours {Jul 25) and 740 hours (Aug 25). The servlce provldes personal caie as well as non-re8ulated actlvltles such as shoppSn8, companionshlp and cleaning. All cllents a￿ assessed and care plans revlewed on an Indfvldual basls. The plan records the cllent's life history, social networks and contacts, and preferences for activitie5 and hobble5 In order that the client is offered access to those network5 and activitles whlch are appropriate and desired. Age Concern {Eastbournè Number 2) Llmlted Truste￿ Report For the year ended 31 March 2025 ective 3 Assist older peopleln maxlmlsing income The Welfare rights 5etvice assisted 356 people wlth Atlendance Allowance (AA} and Personal Independence Payments IPIP?. an increase of 122 on the previous year. This has been achieved by employing a 21 hour per week case worker supported by one volunteer home visltor. A remarkable achlevement. The service was supported by grants from East Sussex County Council. AA Is a beneflt that helps people aged 6S and above wlth care costs. The appllcation fomis are lon8 and complicated and often older people understale Ihe extent of thelr dlsability or illness which means thatthey are le55 Ilkely to recelve the help they need. That 15 why our tralned staff and volunteers are cruclal in helpin8 the sl¢k and dlsabled In the town. In ihe year 24125 AA amounted to £72.65 per week for people who needed help in the day OR at night and £108.55 per week if they needed help day AND at nlght. The benefit contrlbutes to allowing older people to remaln inde￿ndent and to remain at home. Attendance Allowance Is not means tested so Is addltlonal to any other funds cllents receive. PIP is a beneflt that helps peDple a8ed 16 to 64 wlth the extra costs of a lon8-term health condltlon or disabllity. See Table A below. TABLE A Benefit Attendance Allowance Number of Cllents 228 Income enerated £598,000 Personal Independence Allowance Pension Credit 55 £162,800 59 £62,400 OtheT Benefits Total 28 356 £22,000 £845,200 AIM 2. IMPROVE THE PHYSICAL AND MENTAL WELLBEING OF OLDER PEOPLE ertive4 Deliver artlvfties andservlces In the Venton Centre that combot soclal Isolatlon andlonellnes& o) The Venton Centre The artlvtties and services delivered In the Venton Centre are the lynchpins In the charlty's approach to combatln8 the social isolation and loneliness of older people. We belleve that the strength and quallty of social relatlonshlps and the opportunfty to engage In enjoyable activities has a significant impact on the health. wellbeing and quality of life for older people and we are proud that during the year under review WÈ were able to offer a wlde ranEe of activittes that provide exercise. stimulète thought or 51mply provide friendshlp. Age Concem (Eastbourne Number 2) Limited Trustees, Report For the year ended 31 March 2025 In any glven week there are over 20 different activitles taklng place within the Venton Centre. Thls includes four different type5 of dance class, tal chl, seated exercise. pllate5, scrabble, chess, choir, actin& current affairs and quizzes. An Important addltion to the Ilfe of the Venton Centre has been the Saturday morning music sessions organised by the Underground Theatre Group. Every Saturday, local musicians entertain upwards of one hundred people In the Centre's large lounge. Vi51tors can enjoy a drink, during the Intermlsslon and learn more about the Centre In general and what Age Concern Eastbourne can offer. We also started hiring out the lounge In the evenlngs. three days per week for a group offerlng actlng classes for adult5. Th151s part of a broader stratègy of utlllslng the bulldlng outslde It5 nornial hours of 9 to 5, Monday to Friday. bj Day Opportunltles (encomposslng Doy Club and Making Mernorles) Day Club and Maklng Memorles operates five days per week, Mon to Frl between 10 a,m, and 3 p.m. It Is based In our spaclous and comfortable lounge where tralned staff and volunteers guarantee a warm welcome to those who may be feellng lonely or Isolated or who may nol leave thelr own homes to 50cla115e very often. The gentle actlvltles that are provlded are both soclal and therapeutic and are designed to help everybody feel at home and although everyone 15 encouraged to join in there is absolutely no pressure to do so. The 5ervlce has undergone frequent revlews; publiclty drlves wlth potential referral agencles and users and offers taster sessions to potential cllents. c) Informotion & Advl¢e Information & advice has lon8 been an essential element of the servlces we provlde for the older people of Eastbourne. Tralned volunteers help answer questions on a whole host of tQPlC5 whether they corbcern national issues such as care, benefits and health or more local concerns Such as publlc transport or housing. The team is always ready to provlde comprehensive, authoritatlve, impartial and independent help either over the telephone, in person or by e-mail or letter. We strlve to dellver and advice seNice at least three mornln8s per week but we are vulnerable to the sudden departure of volunteer advisers. Durlng 24/25 two such adv15er5 left at short notice meaning that we have only been able to offer advice on Wed and Friday mornlngs, Consequently. advisers can only be seen by appointment to allow us to manage demand, A prlority for our new volunteer recruitment project will be lo find and traln new advlsers to expand the servlce. Allied to the advice provlded by our volunteef advisers we have monthly session5 from paid professionals - 501icitor5, accountanls- to whom we can make appolntment5 for 30 mlnutes of free advi￿. io Age Concern (Eastboume Number 2} Limited Tru5teW Report For the year ended 31 March 2025 Table B Cate orles breakdown for I&A Issue Health & Di5ablll Care Penslons Findln help at home Benefits Other mone Houslng Le Adult Soclal Care Consurner Blue Badges Total Number of cllents 63 13 14 92 14 21 33 ioi 371 Ob ertfve 5 Dellver artlvltles and servlces In the communlty that combatsotlal Isolatlon ond lonellness. oj The Shed Projert The Eastbourne Shed The key development for Ihe Eastboume Shed durlng the year has been the rnove from Its premlses In Fort Lane to a much larger slte in Flnmere Road. Eastbourne Shed has been worklng out of a garage space In Forti2￿ slnce 2015. Whllst tt was a great success ty Ets own I￿hts. also actin8 as a tempkte for the sltes In Langney and Hampden Park, space was always an ts$￿ The Fort Lane Shed was around I,C(tl sq. feet In area meanlngthat there were limitstK)n5 on the number of Shedders we could hold at any one tlme- 8 at most. There very Ilttle room for wood and materfals whlch resulted In the Shed becomlng duttered and therefore potentlally unsafe. The new slte, a warehouse In Flnmere Road, less than 10 mlnutes walking dlstance from the slte in Fort Lane, 15 8,0(X) square feet In area wfth offlces, a kltchen, a mezzanlne. and was offered on a 3 year licence at a rate of £11,000 p.a. It wlll allow for: An Increase In the number of Shedder& Wlth a larger Spa￿ we can acLvrnmodate more Shedders thus help to reduce soclal Isolatlon aM0￿$t older men. The repalr and renovath)n of fumiture: Wlth the Shedders worf(Ing alongslde our shops there ts the OPPDrtunity to repair furn1tu￿ that ml8ht rK)t otherwlse be selable. An exit strategy. The warehouse would the potential to actommodate all of the people WI￿ currently use the three Sheds- Fort Lane, Langney and Hampden Park, 11 Age Concern (Eastboume Number 21 Umlted Trustees. Report For the year ended 31 Ma￿h 2025 Langney Prlory The Langney Shed Is located In the 8rounds of the old Langney PrlDry. just off Etchin8ham Road. the freehokl of the land, the Priory and the Shed are owned by a bcal business man who is 5UPPOrtlve of what the Shed does. The Shed is a brllllant resource forthe area and for the older people that use St-ft15 a truly posltlve ommunlty where Shedders enjoy each otherfs company, laugh and generally have fun. Thelr community isn't limited to the Shed doors wlth the more able Shedders helping the fraller with 8ardenin8, plckln8 up prescrlptions and transport to and from the Shed. The two large Indoor sections of the Shed can hold up to 10 Shedders each at a tlme and the pleasant grounds In which the Shed Is set are especially popular wlth Shedders In the warmer Months. This access to the outslde Is especlally Important for prolects involvlng strong adheslve5 or paints. Durlng 24125 Lan8ney shed had the most slgned up members wlth between 50 and 55 Shedders on the books at any one tlme- on a normal day we vKiuld expect to see between 20 and 25 vlslt the Shed. The Hampden Park Shed The Hampden Park Shed now has 37 members. most of whom are women. The actlvltles taklng place wlthln the shed can fall wlth5n the general headln8 of arts and crafts. It Involves uslnE imaglnatlon and hands to make objects Ilke potteryi knlttln& woodworklng, Jewellery, and lacemaklnB. More recently the Shed has worked alongside an anlmatlon company called Snapped Art who have been comml55i0ned to produce a fllm on the Issue of floodlng. We held three workshops In the Shed to which members of the publlc as well as S￿dders were Invlted. The Shedders produced props and characters for the fllm Includlng a fro8J a boat a tree trunk, greenhouse, rlver and a pond (made with fabric that will be 38ltated to gSve the Impre5slon of runnin8 waterl. The fllm wlll employ stoplmotlon animatlon and wlll be dlsplayed in the Eastboume Beacon Centre. The Shed has become such 8 focal polnt of community artlvlty In the area that we now run a weekly community café on Saturdays where local people can come have a cuppa. a plece of cake and find out what's happenin8 in Halnpden Park. Plan5 ft)r the future include worklng wlth Social Services who wlll come to the Shed wlth youn8 volunteers who wlll help tldy up and hopefully learn some u5efvl Social skllls. 12 Concern (Eastbourne Number 2) Llmlted Truste￿ Report Forthe year erKled 31 Marth 2025 iv. Shed Outputs MembershSp-"Shedders" Output target: 100 Shedder5 Output achleved: 121 Shedders Some Shedders come for a cou le of hours whllst others would arrlve at 10 am and leave at 4 12 peo le attended the Fort Lane Shed erda 23 le attended the Lan ne Shed rda le attended the Ham den Park Shed erda Communlty Projects Output Target: 40 communlty projects per year Out ut Achieved: 92 communi ro ects Intergeneratlonal Projects Output target: 35 students partlclpatlng In Shed actlvltles Output achieved: 113 students across 9 schools-west Rise Primary, St Johns Meads, HelllnBIy Pre School, Langney Prlmary, Heron Park School, Wlllln8don Prlmary, Ratton School, Cavendlsh School and Eastbourne Academy bj Transport The Charlty's mSnlbus has become Intreasln8ly Important over the last flve years as a means of transporting cllents to Day Opportunitie& The servlce15 door to door for a cost of £12.CX) per Journev. RecrultlnE volunteer drlvers and passenger asslstants has become Increasln8ly dlfflcult In recent vears. Potential drlvers have the opportuntty of pald employment for local schools or they can volunleer for other charltable or8anisatlons such as the cfLA. The mlnibus Is 12 years old and wlll need replaclrÉ wlthln the next three years so the Board has deaded to set aslde £20,000 per yearto allow u5 to purchase a new one. c) Walklng for Wellness The Walkin8 for Wellness group provide5 an opportunlty for people over 50 in the Eastbourne area to do regular short health walks In a supported soclable envlronment to improve and maintaln fitness levels. Up to 50 people a week tske part In one of our walks. the first takes place on Monday morning along the beach front and the second start5 at the tea chalet Sn Hampden Park. At the end of the walk many of the partlclpants share tea and coffee In a local café, addln8 to the air of soclabillty. The walks tske about an hour to complete and our 5UPPOrted by our trained, vclunteer walk leaders. 13 Age Concern (Eastboume Number 2) Llrnlted Trustees. Report For the year ended 31 Marth 2025 Deliver therapeutic servlces that Improve the physkal health of older people Each day of the week see5 the dellvery of a therapeutlc seNlce at the Venton Centre. On Mondays and Frldays, a qualified podlatrfst Is avallable to dlagnose and treat problems of the foot and ankle. This includes spralr6, bunlons and dlabetlc foot Issue5. Mondays also sees our acupuncture and ear wax removal 5ervlce; thls latter Is a new 5ervlce to the Venton Centre coming about a5 a direct consequence of GP surgeries no lonEer provldlng It. Nail care appolntment5 are provided on Tuesdays, Wednesdays and Thursdays by our self- employed nall tare speclallst. At £23 per appolntment thls Is a value for money seThlce that is providing Important income for the Charlty as a whole. Good foot care Is essentlal for mobS11ty and has a huge Impact upon the Indlvldual's wellbeln8. On average each week we see 40 to 50 people per week In the Venton Centre. Also, on a Tuesday we offer massage. myofasclal release and cran105acral therapy by a tralned speclallst, Our halr salon Is open at least three days per week where cllents can undergo all servlces you mlght expert from a professlonal hairdre55er. These regular service5 are complemented by occaslonal vacclnation cllnlcs where Ioc81 pharmaclsts delfver flu and covld vacclnes for A8e Concern Eastbourne cllents. Malntoln ond Improve thefobrfc of the Venton Centre. The Venton Centre has been a community asset for 25 years. not Just for the charity but for the town of Eastbourne a5 a whole. It is however an expenslve bulldlng to run and maintain; Ihe last 18 months has seen the Implementation of extenslve buildln8 works at the Centre. Wlth 8rants from Lacey Tate, Screwfix and in partlcular the Venton Trust we have: Installed an alr condltlonlng and heatlng unlt In the lounge Repalred the roof and guttering around the bulldin8 Decorated the Interior and exterfor of the bulldinE includlnB new signage Installed wooden floorlng throughout the 8round floor Purchased 24 replacemeni chalrs forthe lounge The Centre Is now In flne decoratlve order. 14 Age CoKern (Eastbourne Number Z) Llmlted 7rustee< Report For the year ended 31 March 2025 Promots the cht7rlty to ensure thut the people of Eastbourne know where we ore and whot we aj Webslte and 50clal medlo The charty has four connected Facebook accounts. one for the charlty, one for the shops and two for the Shed& Thls means that we have excellent Interartion wlth the public with at least one post every day. The work of the Day club, with photographs of our clients having fun, are partlcularly popular. There Is also an Instagram account connected to the charltvs Facebook account. b) Outreoch During Jan to March 2025 our outreach tearn completed a totsl 0132 sesslons at 19 dlfferent venues around Eastbourne, ranglng from communlty centres, shopping tentres through to Church groups. Havlng a presence at dlfferent places enabled a large proportion of the local communtty to learn about Age Concem Eastbourne wlth 511 pensloners speakln8 wlth us and takln8 Informatlon away about Age Concern Eastbourne. The majorlty of the people we spoke to. and many people who passed by our standltable, commented on the great work of A8e Concern Ea5tbourne. For those people who had never been to The Venton Centre, or had not been for some tlme, we gave out 69 free coffee/tea vouchers with the alm of allowln8 them to vlew the Centre arxl see the rray of actlvlties and seniices avallable to them. AIM 3 AMPLIFY THE VOICE OF OLDER PEOPLE IN EASTBOURNE Campalgn on Issues of Concern to older people. oj Penslon Credlt Penslon credlt Is a benefit that helps older people on a low Income better afford the cost of lfvlng. a passport benefit1155 important as a gateway for pensloners to re¢elve cold weather payments and potentlalty free TV lI￿nceS. Our outreach team promoted uptake of pension credit through visiting supermarkets. communlty spaces like the publlc Ilbrary and wlth talk5 to local charity groups. Financlal Information is a delicate subject so when meetlng people In publlc places our workers provlded 8eneral informatlon on benefit entltlement. People were then encoura8ed to contact the Venton Centre to meet our advice staff with a vtew to making a claim for penslon credlt. Durlng the year we raised nearly £70,0(N) In penslon credlt for clients bj Household Support Fund To help people with the increased cost of Ilvlng government once agaln provided financial support through Sts -Household Support Fund". Age Concern Eastbourne put together a partnershlp of Mathew 25 M155lon, YMCA Eastbourne and Wlllln8don Trees Community Centre. Our role was to adminlster the grant and to provide financlal support to users and c15ents of the Venton Centre and Its services. 15 Age Concem (Eastbourne Number Z) Llmlted TfUStees' Report For the year ended 31 Ma￿h 2025 The partners were able to offer warm clothing and beddin& food vouchers, energy vouchers and when necessary, help with the purchase of white goods such 35 cookers, fridges and washin8 machlnes. Table C below sets out how the furKls were spent and how many people were helped. Table C HousehDld Support Fund Food Energy and Water 19,751 Essentials Ilnked to Ener and Water 1,2(M) Wlder Essentials 934 Totals Spend £13,635 35,520 Number of Households 254 201 15 476 AIM 4 ENSURE THAT THE CHARifY Is FINANaALLY SUSTAINABLE AND WELL MANAGED rtlve Maxlmlse lftcomefmm tmdlng ortlvlty. The flnanclal year 24125 was a challen8in8 year for our four shops maklng a proflt of £7,CK)O. Whllst two shops made falr pioflts, two others made losses Green St with a loss of over £16,0￿). It would seem to be a dlfflcult envlronment for the entire charlty retsll sector wfth, for example, Scope, maklng a loss of £1.5m and then decidlng to close all of thelreharfty shops. Stafflng costs have risen due to Increases in the minlmum wage and In the employerfs rate of natlonal Insurance. Qulte apart from the Irbcreases In utllltles experlenced by all. Golng forward the new warehouse In FSnmere Road is bÈln8 used as a vehlcle for stor5ng Seasonal Iteffls and larger pleces of furnlture that we have hltherto been unable to accept. It should also mean that the shop storage areas wlll be less cluttered arKI thus more attractlve to potentlal volunteers. Maxlmise Incomefrom servlces and o¢tlvltles dellvered thmugh the Venton Centre. The charlty uses a mlx of Sndependent provlders along wlth our own In house staff. to dellver our range of seNlces and activfties. Independent provlders are contracte(I when It Is deemed the charity has Insufflclent expertlse. Thus we contract wfth a halrdresser, chlropodlst, a nall care specialist, a café and health therapists. Each have a one year Ilcence to provide services which is subject to review each Feblmar. In 24125 thelr monthty rent was Increased by 2.5%. The Venton Centre contlnues to rent the lounge out three nlghts a week to a reBlonal tralnlng company for actors. In addition, the live mu51c se55ion5 wnnlng between 10 a.m. and 12 p.m. contlnue to be extremely popular With upwards of ICQ people attendlng each week. 16 Age Concern (Eastbourne Number 2) Llmlted Trustee< Report For the year ended 31 March 2015 Cruse Bereavement Counsellln8 have used our offKe space on an ad hoc basis and goln8 forward we wlll advertise to other like-minded communlty groups. ertlve 12 Make the best use of human resources aj Staff No organlsation can dellver Its mlsslon wlthout the support of its people. At Age Concern Eastbourne we are fortunate to be able to call or) the services of many dedicated staff and volunteers whose professionalism enables u5 to make a positive difference to the Ilves of so many people In Eastbourne. As at t￿ 31 March 2025 the charlty employed 6 full tlme and 8 part tlme members of staff the equivalent of 11 full tlme employees. In the Hornecare buslne55, In addltlon to the core staff of the reg15tered manager and two part tlme senlor care workers, we employ 11 Care and Support workers on varlable hours contracts. As at the 31 March 2025 the Trading Company employed a full tlme SenlDr Shop Manager, flve full tlme shop managers, one part tlme shop menager and one part tlme van drlver- 7.5 FfE. b) Volunteers We have been fortunate to secure one year fundin8 from Awards For All to help us ￿buIld our volunteer base. A part time volunteer coordinator has been employed to make our training and Inductlon systems more robust and to promote the benefit of volunteerln8 t¢ the Eastboume publlc. The charity has stru88led to rebulld its volunteer base slnce Covld. before the pandemlc we had around 250 volunteers and although we have seen some slEns of recovery In volunteer numbers we currently have only 96 volunteers on our books.Thls has had a dramatlc lrnpact upon our abllity to deliver activSties and servkes. For examplei pre Covld we were able to run flve day5 of Infomiation and advlce , usin8 a team of tralned volunteer advisers, but now, post Covid, we are Ilmlted to three mornlng5 per week. Slmllarly, because of a lack of drlvers and passen8er a5s1stants, we have had t0 5U5pend our bu5 excursions and concentrate on transportin8 the vulnerable cllents wlth dementla to the Venton Centre. 17 Age Con¢ern {Eastbourne Number 2) Limited Trusteeg Report For the year ended 31 Marth 2025 FINANCIAL REVIEW The consolldated results of the charity and Its subsidiary are set out In the Statement of Flnancial Actlvities. The Group's total consolidated funds held at the balance sheet are £1,274,204 which consist of £90,340 held In restricted funds, £84,827 in designated fund5, £62.698 hekl in general unrestricted funds and £1,036,339 in endowment funds. The charivs net movement in funds for the year was therefore a deficlt of £77.961. Whllst thls was a dSsappoSntment ft was the group's flrst10ss slnce 2019120 and over the last four years Age Concern Eastbourne had produced a cumulat6ve surplus of £338,286. The retall units produced a surplus £11,067 whSch was £27,1￿) worse than forecast. Whllst two shops returned reasonable proflts the other two had a combined loss of £15,OLX). Those loss makln8 shops have leases runnlng untll sprlng of 2027 and If thelr fortunes do not turnaround serlou5 conslderatlon wlll have to be 8lven to closln8 them. For the first tlme since 2006 the charlty did not recelve any le8acles. Indeed, the value of a legacy notlfled In 23124 had to be reduced by £19.259 because the flnal estate was smaller than at first repDrted to us. Golnq Concem A5 part of the annual budget process the Trustees have undertaken a thorouBh review of the year ahead and approved a 12 month cashflow projectlon. This has glven them a reasonable expertatlon that the company has adequate resources to continue In operatlonal exlstence for the foreseeable future. For thls reason, they contlnue to adopt the goln8 concern basts In preparln8 the financlal staternents. Resems PoNry The reserves policy adopted by the Trustees on 7 May 2W215 as foll0v￿. 'Age Con￿rn Eastbourne wlll molntaln sufficlentAree reserves to cover ot leost three months but no more thon twelve months normol expendlture of the Chorlty., The cash flow projection for the perlod up to the end of December 2025 shows that the Charlvs two turrent accounts wlll hold sufficlent reseNes to cover the nornial three month expendlture for the Charity. Investment Pollry Age Concern Eastbourne has the power to Invest as contained In its governing document. Governance The Board of Trustees Is responslble for setting the investment policy and follows the Charty Commlsslon guldance as Set out in "Inve5tin8 charity money: 8uidance for trustees {CC14I" and in accordance with the principles set out in the Trustee Att 2000. 18 Age Concern (Eastljourne Number 2) Limlted Trustees. Report For tho year ended 31 March 20Z5 Performance The charlty's investment Is managed by Fund Managers Quilter Chevlot, one of the18rgest discretionary investment management firm5 across the UK, Ireland and Channel Islands. The rnarket ha5 been turbulent over the last 12 months. in particular Since Jan 2025. The threal, imposition and withdrawal of tarlffs by the USA govemrnent have had a mllercoaster effect on our investments. In spite, of this our portfollo, as of 31 March 2025 was valued at £507,825. The Board retains a medium tolerance lo risk and has adopted the Investment Pollcy set out below: Investm•nt Objectlves The maln ob]ectlves for the Investment portfollo are: To dellver the best overall flnanclal return within a risk profile that Is In line with the organlsatlon's financlal objectlves To provlde a reasonable and sustalnable level of Income To malntaln the real value of permanent endowrnent11.e., to protect It agalnst Inflatlonl To Invest for the long-term In a diverslfied portfolio The Investments should be consistent wlth the values and ethos of the or8anSsatlon Total rntum target The total return tar8et for the Investment portfollo has been set at Snflatlon plus 3% p.a. net of fees. Th5s Implles a nomlnaltarget of 5% p.a. assumlng Infiatlon settles backto the Bank of England's longer- tern) inflatlon target of around 2%. Income requlrement There Is no specfflc Income target. However, the Tru5tee5 expect the inve5tment5 10 8enerate reasonable level of Income. DISCLOSURE OF INFORMATION TO THE AUDITORS Each of the Trustees has conflrmed that there Is no Information of whlch they are aware whlch Is relevant to the audlt, but Df whlch the audltor Is unaware. They have further conflrmed that they have taken approprSats Steps to Identlfy such relevant information and to establish that the audltors are aware of such Information. On behalf of the board of Trustees Mr Nathan Coker (Chair) Trustee Dated: 10 l I￿ 8oJ 19 Age Concern {Eastbourne Number 2) Umltsd Independent Auditors Report For the year ended 31 March 2025 Opinion We have audlted the financlal statements of Age Concern (Eastbourne Number 2) Limited {the 'parent charity,) and its subsidiary (Ihe group.) for the year ended 31 March 2025 whkh comprlse the Statement of Flnanclal Activities {includin8 the Income and Expenditure Account), the consolldated and charity Balance Sheets, consolidated Statement of cash flows and the notes to the financial statements, includlng a summary of signtficant accounting policie& The financlal reporting framework that has been applied in their preparation is applicable law and Unlted Kingdom Accountin8 Slandards (Unlted Kirwddom Generally Accepted Accounting Practlce), Including Financial Reportlng Stsndard 102 he Finanoal Reportln8 Stsndard applicable In the UK and Republlc of Ireland.. In our opinion the financlal statements: 81ve a true and fair view of the state of the group's and parent charltys affalrs as at 31 March 2025 and of the group's Income and expendlture, for the perlod then ended; have been properly prepared Sn accordance with Unlted Kln8dom Generally Accepted AccountlnE Practlce, including Flnanclal Reportlng Standard 102 The Financial Reportln8 Standard applicable In the UK and Republlc of Ireland,, and have been prepared In accordan￿ wlth the requlrements of the Companies Art 2006. Basls for oplnlon We conducted our audlt in accordance wlth Internatlonal Stsndards on Audltln8 (UK) {ISAs IUK}) and appllcable law. Our responsSbllltles under those standards are further descrlbed In the Audltorfs responslbllltles for the audlt of the financlal statements sectlon of our report. We are independent of the group In accordance with the ethlcal requirements that are relevant to our audlt of the flnanclal statements In the UK, Includlng the FRC'S Ethlcal Standard, and we have fulfilled our other ethlcal responslbllitles In accordance wlth these requirements. We believe that the audit evidence we have obtalned Is sufflclent and approprfate to provide a basls for oui oplnlon. Concluslon5 relatlng to go1￿ wncern In audltlng the financlal statements, we have concluded that the trusteeg use of the 8oln8 concern ba51s of accounting in the preparatlon of the financial statementsls approprlate. Based on the work we have performed, we have not Identlfied any materlal uncertaintles relatlng to events or conditions that, indlvidually or collectlvely. may cast s*nlficant doubt on the charitable compan*s abillty to contlnue as a goin8 concern for a perlod of at least twelve months from when the financlal statements are authorised for Issue. Our responslbllltles and ttr* ￿SpOnsIbIlItIeS of the trustees wlth respect to Eolng concern are descrfbed In the relevant sections of this report. Other information The other Inforrnatlon comprlses the InformatFon Included In the Trusteeg Report, other than the financlal statements and our audltorfs report thereon. The trustees are resp)nsible for the other Informatknn. Our opinion on the financlal statements does cover the other information and, except to the extent otherwise expllcltly stated In our report, we do not express any forni of assurance concluslon thereon. 20 Age Concern (Eastbourne Number 2) Llmlted Independent Audltors Report For the yoar ended 31 March 2025 In connection with our audlt of the financlal statements, our responsibllty is to read the other informatlon and, in doing so, consider whether the other Information Is materlally inconsistent wlth the financial statements, orour knowledgeobtained inthe auditoiotherwise appears to be rnaterlalty misstated. If we identlfy such material Incon51steDcies or apparent material misstatements. we are required to determlne whether there is a material mlsstatement In the flnanclal statements or a materlal mlsstatement of the other Informatlon. If, based on the work we have perfom)ed, we conclude that there 15 a materlal mlsstatement of thts other Infom)atlon, we are requlred to report that fact. we have nothlng to report Sn thls re8ard. Oplnfon on olher matters preKrlbed by the Companles Art 2006 In our oplnlon, based on the Work undertaken In the course of the audit: the Informatlon 8lven In the Trustees. Report, whkh includes the dlrectors, report prepared for the purposes of Company law. for the flnanclal year for whlch the flnanclal statements are prepared is consistent wlth the financlal statements,. and the dlrectorg repor¢ Included wlthin the Trustees. Report, has been prepared In accordance wlth appllcable legal requirements. Matters on whlch we are Requlr•d to R•port b¥ Ex(eptlon In the light of the knowledge and understandlng of the 8roup and the parent charlty and Its envlronment obtalned In the course of the audlt, we have not Identlfled materlal mlsstatements In the Trustee￿ Report. We have nothlng to report In respect of the followln8 matters In relatlon to which the Companles Act 2006 requires us to report to you If, In our oplnion: Adequate accountln8 records have not been kept, or return5 adequate for our audlt have not been received from branches not vlslted by us; or The financial statements are nol Sn agreernent wlth the a¢countln8 records and returns; or Certain dlsclosures of Tru5tees' remuneratlon specified by law are not made; or We have not recelved all the informatlon and explanatlons we requlre for our audSt,' or The trustees were not entitled to prepare the financlal statements In aCCordar￿e wlth the small companles, reglme and take advantage of the smallcompanies, exemptlons in Pfeparlng the tru5tee5' report and from the requlrement to prepare a strateglc report. Responslbllities of Trurte•s As explained more fully In the Statement of Trusteeg Responsibllitles, the trustees {who are also the dlrectors of the charltable Company for the purposes of Company law) are responslble for the preparation of the financial staternents and for being satlsfied that they glve a true and falr vlew, and for such Internal control as the trustees determ5ne Is necessary to enable the preparation of financlal statements that are free from rn¥terial misstalement. whether due to fraud or error. In preparln8 the financial 5tstements. thetrustees are responsible forasse55ingthe group's aTKI parent charit¢5 ability to continue as a going concern, dlsclosinE, as applicable, matters related to 801 concern and uslng the going concern basls of accounting unle55 the trustee5 elther Intend to liquidate the group or parent charlty or to cease operations. or have no realistic alternatSve but to do 50. 21 Age Concern (Eastbourne Number 2) Llm5ted Independent Auditors Report For the year ended 31 March 2025 Audit￿$ responsibilities for the audit of the fina￿1?1 ststsments Our objectlves are to obtaln reasonable assurance about whether the financial Statements as a whole are free from materlal mlsstatemenL whether due to fraud or error. and to Issue an auditorfs report that includes our oplnlon. Reasonable assurance Is a high level of assurarKe but15 not a guarantee that an audlt conducted In accordan￿ with ISAS {UK) wlll always detect a materlal mlsstatement when It exlsts. Mlsstatements can arise from fraud or error and are considered material Sf. indlvidually or in the aggregate, they could reasonabty be expected to Influence the economk declslons of users taken on the basis of these finanoal statements. Irregularltles, Including fraud. are Instances of non-compllance with laws and regulatlon& We deslgn procedures In Ilne wlth our responslbllltles, outllned above, to detect materlal mlsstatements in respect of Irregularltles, Includlng fraud. The extent to which our procedure5 are tapable of detectln Irregularltles. Includln8 fraud Is detalled below: The Group and Parent Charltable Company are requlred to comply wlth both Company law and Charity law and. based on our knowledge of thelr actlvltles, we Identlfled that the legal requlrement to accurntely account for restr￿ed funds was of key sl8nrficance. We galned an understandln8 of how the Group and Parent Charlty complled wlth thelr legal and regulatory frameworK IncludlnB the requlrement to property account for restrlcted funds, through di5cusslons wlth manaBement and a revlew of the documented pollcles, procedures, and controls. The audlt team, whlch Is experienced In the audli of Charltles, consldered the Group and Parent Charlvs 5Usceptlbllity to rnaterfal mlsstatement and how fraud may occur. Our considerations Sncluded the rlsk of management overrlde. Our approach was to check that all restrlcted Income was properly Identlfled and separately accounted for and to ensure that only valld and approprlate expendlture was charged to restrlcted funds. Thls Included revlewlng Journal adjustments and unusual transactions. A further descrlptlon of our re5ponslbllltles for Ihe audlt of the financlal statements Is located on the Flnantlal Reportln8 Councll's webslte at: www.frc. rsr onslbllltl Thls escrfptlon fornis part of our audltorfs report. Us¢ of gur report Th15 report Is made solely to the charltable Cornpanvs members, a5 a body, In accordonce with Chapter 3 of Part 16 of the Companies Act 2006. Our audlt work has been undertaken so that we ml8ht state to the tharltable CompanWs trustees those matters we are requlred to state to them In an audltors, report and for no other purpose. To the fullest extent permftted by law, we do not accept or assume responsibility to anyone other than the charltsble Company and the char5table Compan%ls trustees as a body, for our audlt work, for th15 report, or for the oplnlons we have formed. Rlchard Bllllnghurst (Senlor Statutory Audltor) For and on behalf of Knox Cropper LLP (Statutory Audltor) 65 Leadenhall Street London EC3A 2AD Date: [ I 22 Age Concern (Ea5tboume Number 2) Limlted Consolldated Statement of Flnanclal Attivities (Includln8 the Incom• and Expendlture Account) For the year ended 31 Marth 2025 Total Funds 2025 Total Funds 2024 Unrestrlcted Funds Deslgnated Funds Restrfcted Funds Endowment Funds Note IPICOME AND EXPENDITURE In¢ome and endowm4nts from: Donatlons and leEacles Charitable artlvltles Generatlng f￿ndS Investments Other Incorne {12,8531 479,874 328,194 112,8531 639,548 328,194 IS,357 578 80,818 645,73S 330,289 3,343 319 159.674 15,357 578 Total In¢oma and Endowments 795,793 159,674 15,357 970,824 1.060,504 Exp•ndlture on: Ralsln8 fvnds 321,523 321,523 307,88S Charltable Actlvltles 559 173 162,782 721,955 Tolal resouru$ •Mpended 162,782 1,043.478 1,040,393 G8ln/llossl on revaluatlon of In¥estments 15 15,307) 15,3071 20,029 Net Incomel(Expendfture) Gross transfers between 201 funds 21 Net Movement In fvnds lor the year (84.9031 13,108) 10,050 177.9611 40.140 5,533 {79,3701 20.000 20,000 13.108) 115,483) 177.9611 4D.140 Open1￿ N•1 fund$ •t l Aprfl Closln8 Net funds at 31 Maich 64,827 84,827 93,448 90,340 1,051.821 1.036,338 1,352.165 1.274,204 1,312,025 1,351165 62,699 The notes on page5 26 to 41 form part of these flnanclal statements. All actlvltles derived from contlnuing operations In each of the above two financlal perlod% All recognised 8aln5 or losses are Included In the above Statement of Flnancial Artivitle5. 23 Age Concern IEastbourne Number 2) Umlted Balance Sheets As at 31 March 2025 Group Z025 Group 2024 Charity 2025 Ch*lly 2024 Notes xed Assets Tangible A55ets Investments 14 15 559,641 507.825 1,067,466 549.531 494,403 1,043,934 557,987 507,825 1,065,812 548.589 494,405 1.042,994 Current A55ets Debtors Cash at bank and In hand 16 139,226 54 324,080 213,OCM) 238,586 451,586 237,152 86.693 323A45 331,330 125,095 456,425 Crédltors: Amounts lallln8 due wlthln one year 63,910 83.130 Net Curr•nt Asset$ 26D,170 368.456 277,628 391981 Tolal As50ts L•55 Curr•nt Ll•bllttl 1.327,636 1.412,390 1,343,442 1,434,975 Credltors: Amounts f•llln8 due •fter more than one year 53,432 60 Tot•1 Assets Less UJbllltle$ 1,274 204 1,352,165 1290 010 L374,750 Funds Endowment Restrlcted De51gnated Unrestrlcted 19 20 21 1,036,339 90,340 84.827 62.698 1274,204 1,051.821 93,448 64,827 142,069 1352,165 L036,339 90.340 84,827 1,053.492 93,448 64￿27 162 983 1,374,750 1290 010 These financlal statements have been prepared In accordance wlth the provlslons appllcable to Companles subject to the small companle5' re8lme. The notes on pa8e$ 26 to 41 form part of these finJnclal statemenis. The financlal statement5 were approved by the Board and authorlsed for Issue on io Iixl $oar and sl8ned on Its behalf by: Nathan Coker ITrust¢•) Company ReBlstrntlon Number: 04952B39 Re8istered Charlty Number: 1101578 24 Age Concern (Eastbourne Number 2) Umlted Consolidated Cash Flow Ststsment For the year ended 31 March 2025 Year Ended 31 March 2025 Year Ended 31 Marth 2024 Notes Net (used by)Iprovlded by operatlns acllvltles 23 17,3541 1253431 Purchase of fixed a55ets Proceed5 on disposal of Investments Purchase of Investments Net cash transferred to Investment portfollo Interest received Net cash lused In)Iprovlded by Investln8 actlvlties (36,447) 113,8521 464.460 1464,OWI {3,236) 3,343 (15,522) (3.207) 15,357 {39.819) (13,2851 Repayment of bank loans Net cash lused In)Iprovld•d byfkn4ndng actfvkles 6.332 Net chan8e In rash and cash equlvalents In the perlod 44.960 R•¢ondllatlon of net cash flow to movement In nrt cash Movement In nei ush In the perlod (53,732) (44,9601 Net Cash and cash equlvalents brou6ht forward 238,586 283 546 Net cash and cash equlvalents carrled forward 184,584 238,586 25 Age Concern (Eastbourne Number 2) Llmlted Notes to the Flnanclal Statemu)ts For the y•ar ended 31 Marth 2025 l) Accounllng Polltles Chirlty Inforrnatton Age Concern (Eastbourne Number 2) Limited 15 a prlvate Company Ilmlted by guarantee Incorporated In England and Wales. The registered office is The William & Patrida Venton Centre, Junctlon Road, Eastbourne. East5vssex. BN213QY. Basls of Accourtlng The financlal ststements have been prepared under the historlcal c05t conventlon Iwlth the exeeptlon of investments measured at falr value> and in accDrdance wlth the accountin8 polldes set out In the notes to the financlal statements. The financlal 5tatement5 comply wlth the ¢harlVs governln8 document, the Companle5 Act 2006, the Accountlng and Reportlng by Charltles: Slatement of Recommended Practlce appllcable to charStles preparlng thelr financial statements in accordance with the HnancSal Reportln8 Standard appllcable In the UK and Republic of Irel8nd (FRS1021 and Flnanclal Reportln8 Standard 102 The Financial Reportin8 Standard appllcable In the UK and Republit of Ireland,. The Charlty Is a Publlc Benefit Entlty as defined by FRS102. The flnanclal statements are prepared In Sterll whlth Is the functlonal Cyr￿firy of the Group. 8•$ls of Consolldatlon The Consolldated statement of Flnanclal Actlvltles and Balance Sheet consolldate the flnanclal statements of the of the charlty and Its Tradlng subsldlary, Age Concern IEastbourne) Llmlted (Company number 037964451 on a Ilne by Ilne basls. No Indlvldual SOFA Is prepaied 5howlng the Charlty's own result for the year as thls Is Shown by way of Note 10. In accordance wlth sectlon 408 of the Companles Act 2008. Goln8 Coneern The Trustees have assessed whethef the use of the 8olng concern basls 15 approprlate and have consldered posslble events or ￿ndItIOnS that ml8ht cast sl8Trlflcant doubt on the ablllty Df the charltable group to contlnue as a goln8 concern. The TrusiÈes have made thls a5sessmerbt for a period of at leasl one year from the date of approval of the finandal statements, and details are Included In the attached Trustees, Report. Ineome All Income Is recognlsed when the charSty Is le8ally entltled to It after any performance condltlons have been met, the amounts can be measured reliablyi and It Is probable that Income wlll be recelved. Cash donatlons are re¢o8nlsed on recelpL Other donatlon$ are recognlsed once the charlty has been notlfled ol the donatlon, unle55 perforrnarKe condltions requSTe deferral of the amount. In the event that a donatlon Is 5ublect to conditions that requlre a level of performance before the charlty Is entllled to the funds the income Is deferred and not reco8nlsed untll those condftlons are fulty met, or the fulfilrnent of those condltlons Is whollv wlthln the control of the charlty and It Is probably that those condltlon5 wlll be fulfilled wlthln the reportlng perlod. Income tax recoverable In relallon to donatlon5 re￿1Ve￿ under Glft Ald or deeds of Covenant Is reco8nlsed at the tlme ofthe donatlon. Legade5 are recognlsed on a case by case basls followin8 the 8r8ntln8 of probate when the exec¥tor/admlnlstrator for the estate has communicated In writin8 both the full amount and settlement date. In the event that the gift is In the form of an asset other than cash or a finandal a55et traded on a reco8nisable stock eXcha￿e, recognltlon Is subject to thevalue of the gift being reliably measurablewith reasonable a¢¢uracy and tltle has been trnnsferred to the charlty. Interest on lunds held on deposlt Is Induded upon notffi¢atlon of the Interest pald or payable by the bank. Dividends are reco8nlsed once the dlvidend has been declared and notlfication recelved of the dividend due. Donated good5 for resale aTe received as Part of the twading actlvities of the charlty's subsldlary. Due to Impractlcalltles of recognisin8 these donation5 at the polnt of donatlon, and the costs of valuatlon outwelghln8 the beneflt. Income from these 8ood51s reco8nlsed at the point of Sale and reported in the SOFA under'other Tradln8 actlvltles,. 26 Age Concern {Eastbourne Number 2) Lfmlted Notes to the Financlal Statements For the year ended 31 March 2025 l) Accountln8 Poll¢le$ Turnover ts measured at the falr value of the wnslderatlon receSved or receivable and represents amounts receivable for goods and servlces provlded In the normal course of buslness, net of dlscounts, VAT and other sales related taxes. Expendltuie LlabS1ities are rÈcognlsed a5 expendlture as soon as there is a leBal or constructrve obllgatlon committing the charltyto that expendlture, It15 probably that settlement wlll be requlred, and the amount of the obll8atlon can be measured rellably. All expendlture Is accounted for on an accrnals ba515 and Includes Irrecoverable VAT. Costs of ralsln8fvnds comprlse the costs assoclated wlth attractlng voluntsry Income and grants as well as other TradlnB actlvltles, Includln8 those through the Tradln8 subsldlary. Governance costs represent the strateglc and le8al costs of the charlty as well as audlt fees. Stock Is reported at the lower of cost or net reallsable value. Donated Item5 of Stock Jre not recognlsed at the polnt of donation due to the costs of valuatlon outwel8hln8 the beneflt. Where costs cannot be dlrectly attrlbuted to speclfic aclfvllles, sud) a$ support Costs, they have been apportloned between the two charltable actlvltles of the Dr8an15atlon based on the proportlon of direct ¢osts attrlbuted to each. Fund Accourflni Restrlcted fund5 are subject to speclflc condltlons by donors as to how they may be used. The purposes and uses of the restrfcted fund5 are sèt out In the note5 to the finarnclal stiternents. UnrestrScted funds are fund5 whlch are avallable for use èt the dlKretlon of the irustees In furtherance of the 8eneral objectlves of the charlty, unless the funds have been deslgnated for othÈr purposes. Deslgnated funds comprlse fijnds whlch have been Set aslde at the dlscretlon of the trustees for spedflc purpose5. The purposes and uses of the designated funds are Set out In the notes to the flnanelal 5taternents. The Endovnnent fund15 Subject to speclflc cond5tlons by the donor that the capltal must be malntalned by the charlty. The Interest on half of the capltal In the Investment fund can be used by the charlty whlle the other half Must be added to the capltal In the fund. Thls lund15 not avallable other than for Investment purpose5. The depredatlon charge of the property can be allocated to the fund. Tan8lble Flxed Assets Iterns wlth a value greater than £200 are capltallsed. Tan8lble flxed assets are staled at cost le55 accumulated depredatlon. Provlslon Is made for depredation on all tanglble assets. at rates calculated to wrlte off the cost or valuatlon of each asset less Its resldual valuè twer Its expected useful Ilfe, as follow5: Freehold Buildln8S Computer Equlpment Fixture5, Flttlttgs & Equlpment Motor Vehkles 50 years stral8ht Ilne 3 years stralBht Ilne 7 years stralght line 4 year5 5tTalBht Ilne The Trustee5 Teview the tan8ible fixed assets annually for any evldence of impairrnent, where there15 objectlve evldence of impairment the entlty reco8ni5es the loss in the SOFA Immedlately. The 8aln or1055 arlsSng on the dlsposal of an a55et Is determined as the dlfference between the sale proceed and the Carrylng value of the a55ets and Is recognised In net Income/(expenditurel for the year. 27 Age Concern {Eastboume Number 2) Ilmlted Notes to the Flnanclal Statements For the year ended 31 March 2025 l) A¢rJ)untlng Pollcles Leaslr Renials payable under Operati￿ leases are charged agalnsi Income on a stralght-llne basls over the lease term. Assets obtalned under hlre purchase and flnance lease5 are capitalised as tangible a55ets ané depredated over their useful lives. Obli£ations under such agreemenls are included in credltors net of ihe finance charge allocaled to future perlods. The flnance element ol the rentsl payment Is tharged to the profit and10s5 a￿oUnt SO as tv prOd￿e a constant periodic rate of tharge on the net obll8atlon outstandln8 In each period. Inve$lm•nts Inveslments are Inltlally measured at thelr c05t and subsequently measured at thelr falr value at each reportin8 date. Falr value Is based on the quoted prlce for ltsted investments al the balance sheet date. ChanBes In falr value and 8ains and losses arlslng on the dlsposal of Investments are credlted or charged to the Statement of Flnanclal Actlvltles as 'galn5 or losses on Investfflents, and are allocated to the appropriate fund holding or dlsposlng of the relevanl Investment. P•nslon$ Age Concern (Eastboume Number 2) Llmlted operates a deflned contrlbutlon scheme for the beneflt of its employees. Contrlbutlons payable are char8ed to the Statement of Flnanclal Actlvltles In the year they are payable. Employee Beneflts The cost of short-term employee benefits Is recognlsed as a Ilablllty and as an expense. The cost of any materlal unused hollday entltlement Is recognlsed In the perlod In which the employee's servlces bre received. TeTminatlon beneffts are reco8nlsed as an expense vthen the Company15 demonstrably commltted to termSnate the employment of an employee or to provlde termlnatlon beneffts. Cash and Cash Equlvalettts Cash and cash equlvalents Include cash at banks and In hand and 5hort-term deposlt5 wbth a maturlty date of three fflanths or less. Bank overdrafts are dlsclosed wlthln borrowln85 In current IlabllltSes. Flnandal Instruments The Charlty has elected to apply the provlslon5 of Sectlon 11 'Baslc Flnanclal Instfuments, and Sectlon 12 '0ther Flnancial Instruments Issues, of FRS 102 to all ol its (Inanclal Instruments. Flnanclal Instruments are recognlsed In the charltvs balance sheet when the charlty becomes party to the contractual prov151on5 of the instrument. Flnanclal assets and llabl1lt￿S are offset, wlth the net amounts presented In the flnandal statements, when there is a legally enfor￿able right to set off the feco8nlsed amounts and there Is an Intentlon to settle ¢)n a net bas15 or to reallse the asset and settle the Ilablllty slmultaneously. Baslcflnandal assets Baslc financlal assets, whlch Include debtors and cash and bank balances. are initlally measured at transactlon prlce Includlng transactlon costs and are subsequently carrled at amortlsed c05t Using the effectlve Interest method unless Ihe arrangement constltules a flnancln8 transartlon. where the transaction Is measured at the presernt value of the future recelpts dlscounled at a market rate of Interest. Financkl assets classified as re￿1vable wlthln one year are not amortlsed. 28 Age Concem (Eastbourne Number 2) Llmlted Notes to the Flnanclal statements For the year •nded 31 March 2025 l) At£ountln8 Pollcles Baslc Ilnandal Ilabllltles Basic financial liabilities, Including creditors and bank loans are initially recognised at transaction price unleyJ the arrangement tonstitutes a flnancing tran5artion, where the debt Instrument Is measured at the presenl alue of the future payments discounted at a market rate of Interest. Financlal liabllltles classlfled as payable wlthln one year are not amortlsed. Debt Instruments are subsequently carrled at amortlsed cost, uslng the effectlve Interest rate method. Trade credltors are obiigatlons to pay for goods or servlce5 that haiie been acqulred In the ordlnary course of operatSons from suppliers. Amounts payable are dassffied as current liabllltles If pawnent 15 due within one year Of less. If nDL they are presented as non4urrent Ilabllltles. Trade creditors are reco8nlsed Inltijlly at tran$a¢tion prke and subsequently measured at amortised cost usin8 the effectlve Interest method. Dere¢oBnltlon of flnanclal Ilabilitl•s Hnanclal Ilabllltles are derecognlsed when the ¢harlty'S contrartual obll8atlons explre or arè diKharged or fdncelled. CrftIu41 acwuntlni es¢lmat•J Jnd lud8•m•nts In the appllcatlon of the charlty's Jccountlng policles. the trustee5 are requlrEd to make judgements, estlmates and assumptlons about the carrylng amount of a$5et5 and Ilabllltles that are not readlly apparent from other Sour￿5. The estlmotes and assoclated assumptk)ns are based on hlslorlcal Experlence and other factors that are consldered to be relevant. Actual results may dlffer from these estlmates. The estlmates and undÈrlying assumptlons ère revlewed on an onRolnE basls. Revlslons to accountlng estlmates are reco8n15ed In the period in whlch the e5tlm8te1s fevi5Ed where the revision affects only that perlod, or In the perlod of the rev151on and future perl¢xls where the revlslon affect5 both current and future perlods. Taxatlon The Company Is a reglstered charlty and as such Is entitled to exemptlon from taxatlon under the Income and Corporatlon Taxes Act 1988. 2) Don•tions and Le8ades Unrnstrlrted Funds D•SI￿At•d Fund5 R•strlrt•d Fund5 Total 2025 Donatlon5 and Glfts Le8acles Recelvable 6,406 19,259 6,406 19,259 unr￿TIcIed Funds Desi8natad Funds Rertrlrted Funds Tolal 2024 Comparatives Donations and Gifts Legacle5 fte￿vable 818 80,000 80,818 818 80,(K)O Le8acles recelvable In the current year of £6.741 were offset by an adlustment for a prlor year le8acy overaccrual of E26,000. 29 Age Concem {Eastbourne Number 2) Umlted Note5 to the Flnanclal Statements For the year ended 31 March 2025 31 Charftsble Artmtles Independence Support Actlve Age Total 2025 Artivitle5 income Homecare and Nallcare Catering income Grants recelvable Transport In¢ome Totsl Income from charftable actNitie5 Analysls by fund Unrestrlrted funds Restrlcted funds 12.485 197,895 206,909 219,394 197,895 20.907 171,693 20,907 98,251 29,659 355,726 73,442 283A22 639,548 283,822 196,052 159,674 35S,726 479,874 159 674 639,548 283,822 Independence Support Actlv• A8• Total 2024 Actlvltles Income Homecare and Nallcare Catewing In¢ome Grants recelvable Transport Income Tot81 Income from charltable actlvltles An3lysls by fund Unrestrlcted funds Re5trlcied funds 33,592 181,981 20L703 13 10,838 164,686 31.094 408,334 235,295 181,994 10,838 186,514 21,828 237,401 645 735 237,401 212,685 195,649 408.334 450,036 237,401 645,735 4) GeneratlnK Funds Unrestrldqd Funds D¢sl8nated Fund$ R•strfrted Fund5 Total 2025 2024 (Unrestrlrted) Fundralslng and oiher charftyTradlng Retall shop sales- subsidiary 11,067 317.127 328,194 11,067 317,127 328,194 24.301 305.988 330.289 The charliv also has a wholly owned Tradlng subskllary, Age co￿ern (Eastbournel Llmlted, whose tradln8 resulls for the year ended 31 March 2025 are below: Totol 2025 Totsl 2024 Turnover Expenditure {Loss}/Profit for the year 317.127 310,158) 305.988 20,204 30 A8e Concern (Eastbourne Number 21 Llmfted Notes to the Flnancw Statements For the year ended 31 March 2025 51 Inveslments Lknrestrlcted Funds Reslrfcled Funds Endoymient Funds Total 2024 {Endowment Fundsl 2025 Irbcome from Investments 15,357 15,357 15,357 3343 6) Other Income Unreslrlrtod Funds R¢5trlLt•d Funds Endowment Funds Totsl 2024 Unr•strlded 2025 Other Income 578 578 578 578 319 319 7) Ralslng Funds Unr•strlrt•d Funds Restrlct•d Fundj Endowment Funds Totil 2025 Totsl 2024 staff costs Other costs 10,609 756 11,365 10,609 756 11,365 21,769 332 22.101 operatlng charlty shops staff costs Depfeclatlon and lrnpalrment Support costs 121,569 180,715 974 121,569 180,715 974 107,212 167.810 2,312 6,900 310,158 310,158 28S,784 321.523 307,885 The 2024 comparatlve5 are all unrestrlcted funds ex￿pt for the Investment mana8ement fees which relate to the Endowment Fund5. 31 A8e Concern (Eastbourne Number 2> Umlted Notes to the Flnandal Statements For the year ended 31 Mar¢h 2025 81 Chwitable Activities Independ￿(￿ pport Atthe Age Total ZOZ5 Stsff Costs Other Costs Support Costs Total Income from charitable aclivltles 164,393 69,129 20,972 254 494 290.314 138,693 38,454 467,461 454.707 207.822 59.426 721,955 Anatysb by fund Unrestrlcted funds flestricted funds 254,494 304,679 162.782 467,461 559,173 162.782 721.955 254.494 Comparatlves dependence Support Adfve Aze Totsl 2024 Staff Costs Other Costs Support Costs Total Income from charltable actlvltles 165,316 58,565 22,063 245,944 248,575 194,341 43,648 413,891 252,906 732.508 Analysls by fund Uniestrlrted funds Restrlcted funds 245,944 329,861 156.703 4B6,564 575,805 156 703 245,944 9) Support Costs Independence Support Total 2025 Artlve 4• Tradin8 Staff Costs Depreclatlon Overheads and general runnlng costs Audlt fees Accountancy Le8al and Professlonal 3,194 6,394 3,112 6.090 5,826 11,724 5,705 11,167 1,471 9.020 18,118 8,817 24,157 2.273 3,911 6,900 1,380 20,972 6,900 Comparntlves Independence Support Totsl 2024 Artlve Ale Tradlng Slaff Costs Depredatlon Overheads and general runnlns costs Audlt fees Accountancy Legal and Professlonal 3,529 6,083 2,876 4,511 3.687 1.377 22,063 6,981 11036 5,691 8.924 7,293 2,723 Jo,sio 18,119 8,567 19.485 13,380 6,050 2,400 74,161 Support costs havebeen allocated between thetwo charEtsble aclivilles based on the proportlon of dlrect costs during the year. Support ￿$ts include governance costs of £26,43112024: £32,865Tr. 32 AEe Concern (Eastbourne Number 2) Limited Notes to the Flnanclal Statements For the year ended 31 March 2025 10) SuTrlus for the flnandal year As pemiitted bysectlon 408 Companles Act 2006, Age Concem IEastboume Number 21 Llmlted's Individual Statement of Flnanclal Activities has not been included in these finandal statement& The surplus/{dÈfidi) for the year is as follows: 2025 Concern (Eastbourne Number 2) Llmited's Indlvldual 5urplus/ldefidt} for the financlal year 6,969 11) Net Income/(expendlture) for the year Thls Is stated after char8Sng: 2025 Z024 Depreclatlon of fixed assets AudltoYs' iemuneiatlon - For Audit Fees - For Other serv1￿5 Qperatlng lease payments 26.337 25.440 24,157 2,274 83.273 17,050 2,435 57.687 12) Staff Costs Group 202S Group 2024 ChtAIIy 2025 Charlty 2024 The aggre8ate payroll costs were, Wa8e5 and 5alarle5 5oclal Securlty Costs Penslon Costs 589,470 37.897 18.066 554.989 32.279 17,130 427,379 24,997 402.828 21,735 12.025 436,588 No employee recelved an annual remuneratlon In ex¢e$5 of £60,(#)012024: nlll. Durlng the year, there were na redundancy payments12024: £nil}. Staff are allocated as follows: Retsll shops {subsldlary) - Venton Centre (eharlty) Tolal 2025 20Z4 26 34 26 In addltlon to Its Trustees, the charlty conslders Its key management personnel to be Ils Key Management Team. comprlslng the Chlef Executlve and the Director of Health and Soclal Care. Total remuneratlon of thls group• Includin8 penslon contrlbutlons, was £99,71012024: £94,455). Salarles for staff. Includlng senior management, are determlned durlng thè budBet setting perlod and con51dered bv the Finance Commltlee and the Personnel Commlltee. Ullimate approval must be given by the whole Board. The determining fartors are experlence, skllls and qualfflcatlon& Wh115t there ts a staff appraisal process in place, there Is no performance related pay- the key determlnant Is affordabllity. 13) Trustees None of the TfU5tees (or any persons connecied wlth Iheml re￿iVed any remuneratlon durin8 the year. and none of them were relmbursed any expense512024- £Nil). 33 Age Concern (Eastl￿ur￿e Number 2) Limited Notes to the FlTranclal Statements For the year ended 31 March 2025 141 Tanglble Nxed A55•t5 Land and Buildings Compuier Equlpmert Hxtures. Flttlngs & Equlpment Motor Vehicles Mathlnery & Equlpment GROUP Totsl At l April 2024 Addltlons Dbsposals At 31 March 2025 903,062 2,035 41,346 122257 34,412 50,658 1,060 1,118,383 36.447 905,097 41,346 156 669 1,060 1154,830 Deprecl*lon At l Aprll 2024 Charge for the year Dlsposals At 31 Mar¢h 2025 366.018 18.828 41,346 110,035 7,244 50,658 795 265 568,852 26,337 384W6 117,279 1.060 S95,189 N•t book Value At 31 March 2025 At 31 March 2024 520,251 537.044 39.390 12.222 265 549,531 Land •nd Bulldln85 Computer Equlpment Flxtures Flttlnis & Equlpment Motor Vehl¢h$ Mathlnery & Equlpment CHARITY Total Cost At l April 2024 Addltlon5 Dlspos)1s At 31 Mafth 2025 ￿718 892,718 41,346 89,865 34,412 32,768 1,060 1,057,757 34,412 124,277 1092 169 Depreclatlon Al l Aprll 2024 Chaf8e for the year Dlsposa15 At 31 March 2025 356,267 17,854 41,346 77,992 6,895 32,768 795 265 509,168 25,014 374,121 84,887 1,060 534,182 Net Book Valu• At 31 March 2025 At 31 Marth 2024 518 597 536,451 39.390 11,873 265 Age Concern (Eastboume Number 2) Llmlted Notes to the Flhanclal Statements For the year ended 31 March 2025 151 Investmeiits Group 2025 Grnup %)24 Charity 2025 Charlty 2024 Market value br(N6ht forward Addltlons Disposal Protseds Unrealised galnll105sI on Investment •Aarket value at 31 March 2024 Cash held by lrnvestment mana8ers At 31 Mafth 2024 494.403 15.522 471.598 464,000 {464.460} 20,029 491,167 3,236 494A03 494.403 15,522 471.598 464,0 {464,460) 20.029 491,167 3.236 494,403 {5,307) 504,618 3,207 507A25 (5,307) 504.618 3.207 507,825 The charlt¢s balance sheet also Indudes 3 £212024: £2) Investment In the share capltal of the Tradlng subsldlary• Age Con￿rn IEa5tbourne) Llmlted. See Investment Pollcy In Note I for more Information. 16) Debtors Gmup 2025 Group 2024 Charlty 2025 Charlty 2024 Trade debtors Other debtors Inter Company balance Prepayments and accrued Income 67,262 68,088 64,915 144,209 67,262 61,377 106,513 64,915 138,438 125,977 2,(KiO 3.876 139,226 3,876 213 000 237,152 17) Credltors: Amounts f•lln8 due wlthln •n• y•ar Group 2025 Group Charlty 2025 Charlty 2024 Bank loan5 Other taxatlon and soclal securlty Tiade t￿dItOrS Attruals and deferred Income 6,793 13,473 7,286 36,358 63,910 6,559 10,882 17,076 48.613 6,793 8,434 6,627 6,559 6,269 15.272 46.215 18) Credltors: Amounts l•lllns due In more than one year Group 2025 Group 2024 Charfty 2025 Charlty Bank loar 53,432 53,432 60,225 60.225 60,225 53,432 The charit￿$ loan faclllty wlth Barclays plc15 secured by a char8e dated 29 June 2017 over the property, The Williarn and Patrlcla Venton Centre, Junrtlon Road, Eastbourne BN213QY. whlch Is Included in fixed assets (Note 141. The loan Is repayable In monthly Instalrnents over 15 years, wlth interest payable al 3.58% per annum. 35 Age Concern (Eastbourne Number 2) Lirnlted Notes to the F5nancial Statsments For the year ended 31 March 2025 19) Net Movement in Endowrnent Fund5 The funds of the charity include the followlng erKlowment funds: Permanent Endowments Balance at 2024 Income Expendlture Revaluatlons Tfan5fers 2025 Venton Endowment investment fund Venton Endowment property fvnd 515,369 536,452 1,051,821 15.357 {5,307) 17,6781 17.854 517,741 518,598 1,036,339 15,357 (5 307) Transfers relate to 50% of Investment Income for the year and the Venton Centre depreciation. Comparatlve Net Movernent In Endowment Funds Permanent Endowments Balance at 2023 Incom• EKp•ndllure Revaluatlons Trnnsf•rs 2024 Venton Endowment Investment fund Venton Endowment property fund 493,668 3,343 20,029 11,671) 515,369 17,854 536,452 20029 1051821 19,525 1047 974 The Venton Endowment Investment fund Tepresents o permanent endowment from Mr5 Patrlcla Venton, the capltal of whSch must be malntalned by the charlty. The Interest on half of the capital tan be used by the charlty whlle the other half must be added to Ihe capltal In the fund. Thls fund Is not avallable other than for Investment purpDses. The fund is invested In QuSlter Investor5 Growth Funds. The transfer frorn the Endowment fund In the year represents the half share ot the Income whlch the charlty can use under the orl8lnal endowment agreement. The Venton Endowment Property fund represents the endowment from Mrs Patrlcla Venton, Blven In the form of the property for the charity to use for Its actlvltles, The transfer durln8 the year relates to the depreclatlon charge against the property. 36 Age Concern (Eastl)ourne Number 21 Llmited Notes to the Flnanclal Statements For the year ended 31 March 2025 20) Net Movement In Restrl¢t•d Funds The Income fund5 of the charrty Include restricted fund5 comprtsing the followin8 unexpended balances of donatlons and yaDts held on trust for Specific purposes: B•l•nce at 2024 Income Expendltur• Tr•nsfers 2025 Coop Day Opps Chalrs Welfare Rlghts SCDA Ea5tboume shed Reachlng Cornmunltle5 Proje Lacey Tate- Bullding decoratlon Screwfix- Floorln8 Venton Trust 2.959 825 (423) 111,948) 2,536 146 11,269 11.6891 8S7 97.651 197,688) (143) {1,726) 714 57.392 28.353 12491 {9,392) ESCC Welfare Rlghts Household Support Fund 28,353 7,317 50,7S4 (43,188> 93.448 159,674 (162,782) COm￿lItIVe Net Movement In Restrlrted Fund$ B•l•nce •t 2023 Ball￿ •t 2024 Incom• Expendtturn Transfers Coop Day opps Chalrs Welfare RS8hts SCDA Eastbwme Shed Rea¢hln8 Communltles Project Law Tate~ BuSldln8 decoratlon Screvhlx- Floorln8 Venton Trust 2.959 11,269 2,959 825 695 111,139) 1,630 %,201 1,000 5.000 57,392 199,520) (143) {1,6891 857 5,000 57.392 28.3S3 (2491 93.448 ESCC Welfafe Rlghts Household Support Fund 28,353 23,824 54,502 21,828 195,649 (45,9)1} 1156,7031 The Chèrlty recelved £2,959 from the Cfkoperatlve Bank foundatlon of which £423 had been spent on tables for the Day Opportunltles Service. The balance of £2,536 wlll be spent on new chalrs for the users of the Day Opportunities Servke. The tharltl5 Welfare RIEhts seTvlce15 part of a countywlde befiefits servlce admlnlstered by the Sussex Communlty Development A550ciation ISCDA}- we recelve £11.269 for our partlclpatlon In this project. In addltlon to th15 we recelve £28,353 from East Sussex County Councll for our partldpatlon In the AddltSonal Measure5 furbd. The grant15 paid annually upfront and expended durln8 the year. 37 A£e Concem (Eastbowne Number 2) Llmlted Notes to the Flnandal Statements For the year ended 31 March 2025 201 flet Movement In Restrirted Funds {contlnued) The Eastbourne Shed project 15 funded by a Reachlng Communlty Fund Brant from the National Lottery Charltles Board. Continuation funding for the project for a further flve year5 was awarded by the lottery In October 2023. The project receive5 addltlonal fund5 from membershlp fees of £100 pei person per year. Local tharltable Trust, Lacey Tate, donated £l.(M)O towards rnalntenance and refurblshment of the Venton Centre. Screwfix awarded the charlty £S,CQD towards the Installatlm of new floorlng In the Venton Centre's lounge- thls fund was spent durln8 the early summer of 2025. qe Concern Eastbournels extremely8rateful to thetrustee5 of the Venton Trust for thelr 5UPPOrt over the last number of years. Thelr grants repalred and Improved the fabrlc and the appearance of the Venton Centre in Junctlon Road. Fund5 pald for the Installatlon of a new alr conditionlnB unit In the lounge, thus malntalning a comfortable temperature all the year round: new floorln8 In the receptlon, lounBe and exterlor of the bulldln& repalrs to the bulldln£'5 roof, paintlng of the Interlor and exterlor of the bulldlng and new slgnage. The Household Support fund Is a partner5hlp between Age Concern Easibourne, frAatthew 25 Mlsslon, the YMCA and Wllllngdon Trees Cornmunlty Centre. The funds were made avallable by East Su55ex County Councll to provlde sUPPOrt for vulnerable people experlenclnB dlfflculty wlth the cost of Ilvln8. ThSs took the form of vouchers for 8rocerle5, ener￿ b1115, water bllls and other essentlals Ilnked to Ènergy. 21) N•t Movement In Unr•strlcted Funds Balance at 2024 Incomlns R•sourc•s R•K)yrcas Expqndgd Balance at 2025 Tfansf•rs Deslinated Funds Flxed Asset Funds New Mlnibus Other Funds 21,827 40,000 3,000 64,827 142 069 206,896 21,827 60,000 3,OL)O 84,827 62,698 147 525 20,000 20,000 5,533 25,533 G•neral Unrestrlcted Fund5 795,793 795,793 880,697 880 697 Comparatlve Net Mo¥em•nt In Unrestrlct•d Fundi Balance at 2023 Intomln8 Resources Resovrc4$ Expended 8•lance at 2024 Transfers De518nat¢d Funds Flxed Asset Funds New Mlnibus Other Fund5 21,827 20,000 3,000 44,827 164,722 209,549 21,827 40.OCM) 3,OIXI 64,827 142,069 20,OCIO 20,000 475 19,525 eral Unrestrkted Funds 861,512 861,512 883,690} 883,690 The fixed asset fund represents those flxed assets and Investments not represented by the Endowment Fund, which need5 to be malntalnÈd to either carry out the thar11￿$ èrtivities or 8enerate Income. As such they cannot be readity reallsed. The New Minibu5 fund 15 to purchase a new minibus to tran5PQrt clients to and from Day OpportunStles. £20.0(Xl15 set aside each year for the next three year5. Other deslBnated funds relate to a donatlon recelved In 2018 that the Trustee's chose to designate. General unrestrlcted fvnd5 represent the gèneral funds of the char5ty and Its Tradin8 subsidiaryi A8e Con￿rn IEa5tbourne) Limited. 38 Age Concern (Eastboume Number 2) Limited Notes to the Flnanclal Statemerrts For the year ended 31 March 2025 221 Analy51s of Net Assets Between Funds Unrestrkted funds Deslgnthd funds R•strfrt funds Endowment funds Total 2025 Tan￿ble assets Investments Net current assets Lon8 terrn liabilitles Tot¥1 Funds 41,043 518,598 507.825 9,915 559,641 507.825 260,170 153,4321 1.274,204 116.131 {53.432) 61699 43,784 90,340 84,827 90,340 1,036.338 Comparatlv• An•lysl$ of Nèt Assets Betwo•n Funds Unr•strlrt•d fund5 D￿18nat•d nd$ ft•strfcl•d funds Endown*nt funds Total 2024 Tanglble assets Inveslments 13,080 536,451 494,403 20,967 549,531 494,403 368,456 (60,2251 1,352,165 Net ¢urrent assets 202,294 160,225> 142,069 51,747 93,448 Lon8 term Ilabllltles Total Funds 64,827 93.448 1,051,821 25) R•cwKlllatlon of N•t Inmme from Operntln8 Adlvltles to Net C05h Flows 2025 2024 Net surpluslldefklt) for the report1￿ perlod Investment ￿corne Depreclatlon iosses/lGalnl on Investments Decrease/(Increase} kn debtors IDecrease)/incre￿e kn creditors and provlsions 177,961) {15,357) 26,337 5.307 73,775 40,140 13,3431 25.440 (20,029) 188,982) Net CO5h lused by)Iprovlded from operatlng artIvI￿e5 125,343 39 Age Concern (Eastbourne Number 21 Llmfted Notes to the Flnanclal Stalements For the year ended 31 March 2025 24) Lease Commitments At the reportlng end date, the Broup had outslandlng commltments for future mlnlmum lease p3yrnents under nOn￿ncelIable operatlng leases, which *all due as follows.. 2025 2024 Oper•ting Leases Wlthln one year Within two to fNe years In more than five years 59,900 138,308 59,900 198,208 198.208 The operating leases represent commltments for the lease of charlty shops by the charlty. The commltments wholly relate to the subsldlary Company. The shop lease payments made durln8 theyear were £59,773 {2024: £57.6871 and thls arnount Is Induded wlthln the trading costs of the sub51dlary. 25) Related Partle5 The charlty was under the control of Its dlrerttsrs throu8hout the year. Durlng the yearthe charlty recelved a Glft Aid donatlon of £6,257 from Its wholly owned Tradlng subsldlary. Age Concern {Ea5tbourne) Llmlted12024.' £22.5151. As at the balance sheet date, the charlty was owed £112,585 from Its tradlnB subsSdiary {2024: £125,977). Age Concern (Eastlyourne Number 21 Llmited Note5 to the Flnancial Ststements For the year ended 31 March 2025 26} Comparatlve Fund and SOFA Balan￿5 Totsl Funds 2024 Unrestrkted Funds Des18nated Funds Restrlcted Fund% Endowment Funds Note INCOME AND EXPENDITURE Income and endowments from; Donatlons and legacies Charitable activltles Generatlng fvnds Investments Olher Income 80.818 450,086 330.289 80.818 645.735 330,289 3,343 319 195,649 319 Total Income •nd Endowments 861,S12 1,060.504 EMpendltur• on: Ra151n8 fund$ 307.885 307,885 Charltable Actlvltles 575 805 732,508 Total resources expended 883.690 156 703 1,040 393 Galn/l10551 on revaluatlon of Imtestments 15 20,029 20,029 Net Incornel(Expendltur•) Gros5 transfers b•tween 201 lunds 21 Net Movement In funds lor the ye•r (22,178} 38,946 23,372 40,140 475 {22,653) 20,000 20,000 38,946 3.847 40,140 Net fvnds at l Awl 2023 Net funds at 31 March 2024 164.722 142,069 44,827 64,827 1,047 974 1.051821 1,312 025 1,352 165 93,448 41