Age Concern Reading (trading as Age UK Reading) Annual Report and Financial Statements Year Ended 31 March 2025 Company number: 04750114 Charity Number: 1103557
Age Concern Reading (trading as Age UK Reading) (a company limited by guarant88) Cont•nts Contents Pages Trustees. Report Independent Examinerfs Report Statement of Financial Activities Balance sheet 10 Notes to the financial statements
Age Concern Reading (trading as Age UK Reading) (a company limited by guarantèe) Contenls
Age Concern Reading (tr>Jing as Agè UK Readin9) (a cthmpany Ilmlted by guarants8) Trustees, Report for the Year Ended 31 March 2025 The Trustees being also Directors of the charitable Mpany, present their Truslees, report together with the financial statements for Age Concem Reading (trading as Age UK Reading) for the year ending 31 March 2025. The report complies with Ihe Charilies Act 2011. and the Directors. report as required by section 415A of the Companies Act 2006. The financial statements compty with the requirements of the Companies Act 2006. the charitable CoMpanS Articles of Association and the Charities Statement of Recommended Ptactice (SORP FRS 102 effecttve 1 January 2019). Reference and administrative details of the charity, its Trustee5 and advisers Registered namo Age Concem Reading (trading as Age UK Reading) Trustees Mr J Wilkinson (Chair) Mrs K Bews Mr G Lighrfoot Ms E Riches Mr B Shrestha Ms J Wedlock (resigned 26 November 2024) (appointed 30 July 2024) {appointed 30 July 2024) (appointed 23 June 2025) Registered Charity Number. Regislered Company Number: 1103557 04750114 Registsr•d Offico Walford Hall CaY Street Reading RG17JS Independent Examiner Jason Foxwell 12 Hillboume Road Poole BH17 7JB Bankers Co-operative Bank PIC PO Box 101 1 Balloon Street Manchester M60 4EP CCL4 Investsnent Management Ltd COIF Charity Funds Senator House 85 Queen Vlctorla Street London EC4V 4ET
Age Concem Reading (trading as Age UK Reading} (8 company Ilmlted by guarantee) Trustees. Report for the Year Endod 31 March 2025 (contlnued) Structure. governanrA and management Age Concem Readlng was incorporated on 1 May 2003 and registered as a charity on 30 April 2004. The chaiity is a charitable company limited by guarantee (company registration number 04750114) and registered with the Charlty Commissioners as a chaiity on the same date (chaiity reglstration number 1103557). The financial statements comply wrth currenl statutory requirements, the Memorandum and Articles of Association, applicable Accounting Standards and the Statement of Recommended Practlce Accounting and Reporting by Charities SORP FRS102 and th8 Companies Act 2006 and the Charities Act 2011. The Twstees are responslble for decisions relating to the stralegic direction of the chartty. The Trustees meet around once a month to monitor the progress of the charity and to liaise on material rnatters with one another. To recrurt and appoint new charity trustees. V advertise the role on social media, our website, and Ihird- paty sites like Reach Volunteerlng and Reading Voluntary Action. Candidates have an informal chat with the CEO and. rf suitable, meet with the CEO and Chaimian for further assessment. Successful candidates receive an inductlon, covering key legal infomation and trustee training. They attend three board meetings before belng considered as a trustee designate, with final approval at the AGM. There are no external bodies entitled to appoint trustees. This process aligns with our constitutional provislons and has proven effective. Key management personnel are Chlef Executive Officer, Finance Officer, and service cordInatOrS. Risk management statement The Trustees have examined the major stratsgic and op8rational risks which the charity faces and confinn that systems have been establlshed to enable these risks to be managed to an acceptable level. ObJectlv•s and actlvltles The charity's object is to promote the welfara of older people within the greater Reading area. The Trustees confirm that they have referred to the Charity Commission's guidance on public benefrt when reviewing their aims and objectives and in planning future activities. Infommtton and Advlce Age UK Reading provldes this free, confidential, and impartial flagship service to older people, Iheir families and carers. The Infonnation and Advi seNS Is available to anyone over the age of 50 in the Reading area and is provided by t8lèphone. and email. We also take in querfes via our many other 58Tvices throughout the year. Enquiry contscts for the year (April 2024 to March 2025) totalled 6,453 from 1425 clients. We continue to do more work with the funding for thls service staying the same since 2016. The cases also contlnue to present as morè complex. The cost-of-living crisis continues to put both the organisation and our Glients under increased pressure. Pop In Coffee Mornlng Our POP IN Coffee Moming continues to thrive and remains a much-loved activity among the local, older people In the Reading area. We now regularly welcome behveen 15 and 25 attendees each week, offering a relaxed and friendly environm8nt where people Can Come together to soclallse, connect. and take part in a range of enjoyable activities, as w811 as enjoy a cup of tealcoffee and a blscult (or fv1) We are fortunate to have the 8UPPOrt of five dedicated volunteers who generously give their lime every Monday to run the sessions. Their commitment and energy ensure that everythlng runs smoothly. and most importantly, that our members feel saf6, valued. and engaged. Feedback from our attendees continues to be ovepNhelmlngly positive, with many exprèssing how much they look fonward to the club each week.
Age Concern Reading (trading as Age UK Reading) (a company Ilrnlted by guarantee) The sesslons offer a varfety of fun and inclusive activitles led by our volunteers, including singing, quizzes, arts and crafts, and games. Our volunteers also lebrate members, birthdays and they each get a card Trustees, Report for the Yaar Ended 31 March 2025 (contlnued) to open on the special day. Towards the end of last year the group was relocated to The Oasis Community Centre In Carey Street, Reading. as Walford Hall was no longer available. The Oasis is a suitable venue and caleS no hire charge. The Centre is looked after by the Church and they have been very welcoming and kind to us. The change has been wannly received. Our members describe The Qasis as a cosy and welcoming space that has brgh1 the group even closer together. In May 2025, we were delighted to collaLK)rate with Reading College, who reached out with a desire to support the older community. POP IN members and volunteeTS were invited to the college where Beauty Therapy and Hairdressing students provided a range of pampering treatments. including facAals. manicures. and head massages. This lovely day out was made even more special with a delicious aftemoon tea prepared by the college's Professional Culinary Arts students. The experience was a real treat, and kx)th our members and the students of the College benefiied greatly from Ihe intergenerational connection and care shar8d throughout the day. We also CA)ntinue to welcome guesl speakers to the group. In the summer of 2024. the Citizens Advice Bureau joined us to share information on Energy Help and other support seNices which are on offer. They spent time answering questions and addressing any concems that our members had. We're pleased to have a follow-up session planned for September 2025. To round off 2024, POP IN and STAR memt*rs attended a Christmas Party at Leighton Park School. It was joyful celebration with entertainment, ref$hments, and thoughtful, personallsed glfts for all. Our members were made to feel truly special during the festive period, and we're thrilled that Leighton Park has invitsd us back for another event in December 2025. MCST Dementia groups 202412025 h8s been a period of exciting growth and development for our MCST groups. In June 2024. we launched 8 new group in Caversham. held at St Luke's Care Home, bringing our total number of MCST groups to four. These now include groups in Woodley, one in Coley (Reading), and the new addition in Caversham. We're aiming to open a fifth group by the end of 2025, reflecting increasing demand and the success of our current groups. At present, three of our groups have 8 members, and one group has 6 members. Demand for our MCST groups remains high, with 10 people currently on our vRiting list. and several upcoming tsster sessions scheduled. These tasters are almost always successful. Clients consistently enjoy the experience. and feedback from both them and their families is overwhelmingly positive. One significant change we made this year was that we put the price of attendan to our MCST groups up. This price increase was well received by all family members. with many of them coming back to us and saying how much their family member enjoyed the clubs and that it was money well spent. Our MCST groups remain unique in the area. We run weekly sessions lasting 2.5 to 3 hours, offering mt only Meaning11 cognitive stimulation and social connection for people living with dementia. but also respite for family carers. This dual benefit is a key part of our servi. We also have an excellent partnership with Readibus who play a key part in transporting our clients to and frcxn all of our clubs. Readibus is also a big part of the attraction of our clubs. Their reliable and friendly transp)rt service is not just a pradical necessity. ifs also part of what makes the club experience so enjoyable. For many clients, the joumey Mth Readibus is a highlight in itself. The drivers are fanlaslic and so kind to all our clients. Clients have the same time slot each )Neek, meaning they are on the bus viith the same peopEe each week - this further adds to the social side of the experience, even before the session beginsl Another added benefit Is thal, with Readibus doing ioumeys for clients, the perfod of resplte provided to the family carer is extended, often up to four hours. This additional tlme can make a slgnmcant dlfference to carers, wellbelng, relnforclng the dual benefit our Servi continue to provide. In Ilght of the substantial waiting times for NHS Memory Clinic seNices in Reading (currently up to 12 months), our MCST programme plays a vital role in providing timely, supportive engagement for individuals
Age Concem Reading (trading as Age UK Reading} (a company limlted by guarantee) who YUld otherwise be left wlthout cognitive support during that long period following their dementia diagnosis. Truste•s' Report for the Y8ar Endod 31 March 2025 (continuod) In April 2025, we carried out comprehensive Health and Safety audits and Risk Assessments across all our clubs and venues, ensuring the ongoing safety of our clients. volunteers, and staff. At the end of 2024, we said goodbye to on6 of our MCST Facililators who retired, and another Facilitstor reduced her hours, having previously covered two groups. In response, we welcomed two new Facilitators in December 2024, both of whom have settled in exceplionally well and are proving to be valuable additions to the Age UK Readlng team. Ongoing professional development and support for our team remains a priority. In July 2025, we held a dedicated training sesslon for Facilitators and volunteers. led by a fonner Facilitator and retired Dementia Nurse. The sesslon was well-received, providing participants with the opportunity to ask speclfic questior and explore practlcal examples relevant to their groups. Our MCST programme continues to grow in both ts reach and impact. The commitment of our team, the enthusiasm of our cllents, and the continued damand for thts vitsl seNi¢e all demonstrate how essentlal our MCST groups have become withirb the k)cal community. STAR Group TheSTAR Club (Stimulation, Therapeutic, Activlty, Respite) is for those living with long-term health conditions who may find it difficult to get out. We offer a wami, welcoming space for people to connect, share, and enjoy a variety of sensory, crjgnitive, and physical activities. Readibus transport is available for clients (location and pass dependent). STAR group contlnues to be popular among our clients. We currenlly have 13 members in our STAR group and several on the waiting lisL In June 2024. Citizens Advice Bureau visited STAR to deliver an infonnative session on energy, which was welkreceived by our clients. Later in the year, in September, the STAR group relocated to Coley Park Community Centre following the closure of Walford Hall. Cllents quickly adapted, 8xpressing Paatisfaclion with th8 new venue and were happy that they could continue to attend STAR. December was a particularly festive month. Members of STAR Joined the POP IN group for a delightful Christmas paty at Leighton School, which broughl together dients for an aftemoon of celebration and connection. Also in December, through a partnership between Natlonal Age UK and Dunelm, clients from all our groups received packaged gfft boxes containing items such as scarves, throws, and socks. These thoughtful gifts were deeply appreciated and brought much Joy during the holiday season. Clients particularty love the physical aGtMties of our STAR clubs. Laughter fills the room during games like noodle football and fly swatter badminton. We are incredibly fortunate to h8ve such a tslented and passionate tèsm of Facilitators and volunteers across all our clubs. Their creativity and energy bring our sessions to life, Énsuring every visit is meaningful and fun for our cllents. It's their continued commitrnent that allows us to offer high-quality, engaging experiences to okler people across the Reading area. Happy Fe•t Age UK Reading Happy Feet provides a local toenail cutting service to people over the age of 50, who need help cutting their t08nails and do not need full chiropody sep11s. The feedback for this service is overwhelmingly positive and we are aware it has a large ripple effect in temis of the wellbeing effects it has through the community. The moment of human ¢ontsct and conversatlon at the appointment is looked forward to by many of our clients. The improved condition of their feet empowers them to stay active and connected to their wider community. There is also an obvious link to the preventlon of accidental falls. Sincè lockdown in March 2020, we h8V8 gradually rebuilt the Happy Feet Service and Increased the number of cllents we see. We lost a lot of clients in 2024 due to loss of staff but are back to approxlmately 650 clients. We ¢ontlnue to book betrween 35140 new clients each month. Our venues The Weller Centre- Caversh8m (W88kly>
Age Concern Reading (trading as Age UK Reading) (a company limlted by guarantee) Park URC - Closed 14 April 2025 Birches - WoodleylEarley (Weekly) SoLrthcote Family Church - Southcote (Weekly) NOeY'S Church- Wokingham - Reopened 12 February 2025 (every 3 weeks) Trustees, Report for the Year Ended 31 March 2025 {contlnued) We had 12 nall cutters In total in April 2024 and were working to build each session that we run to 4 cutters per session and 5 and our busiest venues. However. we lost 5 nail cutters in May. June & July 2024. This meant had to suspend our ServIS in Wokingham. however we reopened the venue at Norreys's Church on 12 February 2025. We have since employed 2 new nail cutters and 1 a5 a bank staff member. so we are back up to g. We launched the Fresha App to help manage our Happy Feet service in January 2025. and this has saved so much time. Shopplng When lockdown started in March 2020 it came to light that many elderly people were unable to leave their home independently to go out and do their shopping as they had to isolate. So, we decided to set up a team of trained and vetted volunteers who could go and SW for them. This was set up quite quickly and was work in progress as we went along. We slarted with one shop and then built the service 8round the ne8ds of the client. After the first lockdown was lifted, we looked at the importance of the shopping service for clients who could not shop for themselves and looked at ways that we coukl continue with this and offer it as part of the AUKR serv1. We set In place a small shopping charge for those that want to continue to be supported by AUKR and its volunteers. The seDAce runs on a much smaller scale - now only shop for 2 clients on a weekly basis and have 2 shopping volunteers and plan to keep thls In place for these 2 clients who depend on the service. Befrfendlng Servlce Annual Report: Aprll 2024- Mar¢h 2025 OveNiew This year, our befriending service continued Its vltal role In addresslng lonellness 8nd soclal isolation among older adults in the greater Reading area. Thanks to the dedication of our volunteers and the hard work of the befriending team. we supported dozens of older individuals through regular visits and phone calls. Volunteer Contributions We ended the year with 63 volunteers, 48 females and 15 males. Their efforts resulted in: 106.622 minutes Total Volunteeriro Tirn the equivalent of 2 months and 10 days of continuous support. 1,760 Volunteer Reports Submitted Submission of 123 actionable reports whith lead to well-being follow-ups by the team We recruited 22 new volunteers in this financial year thal are still with us and 16 overall left so a net gain of 8. We are currently onboarding 6 new w)lunteers. but the demand far outstrips supply. Befriendee Slatistics.. A total of 86 befriendees were supported to the end of March 2025 (59 female and 27 male) although 10 are on the waiting list awaiting volunteers in their respective geographical areas. In addttion, we had 13 befriendee deaths most of which spiked during the winler months. The average Age of the befriendees remains at 82 years. We currently have an unprecedented number of new referrals in progress. 16. predominanty from RG30 and RG4 postcodes. This past year highlighted both the impact and the ongoing need for our befriending selvice. Despite the loss of some of our befriendees. the dedicaknn of our volunteer team has ensured meaningful support for many older adufts. The rise in referrals. particularfy in specific areas like RG30 and RG4. reinfOS the Importan of expanding our volunteer base and continuing our outreach efforts. We extend our heartfelt thanks to every volunteer who has given their time, energy, and compassion over the past year. Their contribution is not onty measured in minutes but in the meaningful relationships and the improved well-being of those we seNe. Befriending Team Margaret Gardner and Andrea Swallow
Age Concern Reading Itradlng as Age UK Readlng) (a company limited by guarant88) Trustees, report for tho Year Ended 31 March 2025 (continued) Gardenlng We now have 3 tNsted gardeners vmrking in the town to provide transparenlly Pri and accountsble gardening services to our local older people. In addition to gardening they provide a friendly presence around the home and can act as a conduit to our other serthces, both making clients aware of what we do, and making us aware rf they are worried about a dient. Homeshare We made considerable fijndraising efforts to fund a co4)rdinator for this service this year, but so far we have not been successful. We contlnue to assess expressions of interest in Ihe service and will continuè to seek the funding to properly allow this SeN1 to flourish in it's own righL Carors Infomiation and Advlce Since November 2022 we have held the Carer's Informatlon and Advlce contract alongside our partners, Age UK Berkshire. Communicare and Reading Mencap. At the time of writing we have just been infomied that we have been sucsful In securing this tender again until at least 2028. We have devalop8d and improved Ihe service significantly since then and continue to do so. We reiVed 237 referrals in the last 12 months and found that many of the dients are in dire need of help and at their wits end. We receive regular positive feedback and continue to worf( with partners and RBC to improve the seNice. In the next period we intend to work with our partners within Ihe partnership, and RBC to manage the ever growing case load and worf( ( an improvement in communications betwe8n us and the Adult Social Care teams at RBC. Partnership Working We continue to value our cknse partnerships with other local charities in the area. We continue to be active in the Readlng Dementla Partnership, the carers steering group, RAN, and othar local acbvist groups. We also continued to work in local funding partnershlps thSs year, worklng wlth others to deliver contracts through the Councils "Ch)sing the Gap. funding round. We have successfulty applied for tenders, Carers Support Se1 and Agelng Well, which we will deliver in partnership with other local charities. We value the strength that comes from unity as well as the highly valued expertise thal our partners bring to the table. Without our partners we tUld not providè thè comprehensive and holistic service that we offer to local people. Volunteers Our volunteers are frankly amazing. They support and inject energy and passion in to evèry part of Age UK Reading. We could not operate withoLrt them. At the time of writing we have 96 acfve volunteers, a sharp rise from previous years. Most of our volurkteers are Befrienders but they also fulfil important roles in the delivery of our Dementia and Star Clubs, our Happy Feet service where they do admin and bookings, our Pop In coffee morning. our IT support, and of course our trustee board. We would like to take this opportunty to thank our volunteers for all their hard work and passion again this year. Flnanclal revlew and reserves policy During the year the charity received total income of £294,532 {2024: £307,379), of which £111,693 {2024: £145,066) was from income generatiw services. Resour expended for the year totaled £288,310 {2024: £278,819}. The reserves at the year end were: 31 March 2025 85,157 25,279 110.437 31 March 2024 93,609 10,606 104,215 Unrestricted Restri(led Total
Age Concern Reading (trading as Age UK Rèading) (a company Ilmitsd by guarantee) The policy of the charity is to maintain total unrestricted reserves. at a level of 12 months expenditure. Th8 current level of unrestricted reserves represents 4 months. The charity plans to incr8858 the 18v61 of reserves over future periods to return to the target level. The strategy to athieve this is through a mixture of fundraising and growing the income generating aclmties. Tru8tee8' report for the Year Ended 31 March 2025 (continuod) Plans forfvture In the future, the charity plans to enhance our fundraising efforts and expand activities that generate income. Going Concem At the date of approval of these fin8n¢ial ststements. the Ttustees have perfomied an assessment of the company's cash position and forecasts which considers a period of at least 12 months from this date of approval. The Trustees consider that there are no material unGertainties about the charitable companYs ability to continue as a going con¢8m. Trustees, responslbllltles in relation to the financial statements The Trustees (who are also the Directors of the charity for the purp088s of company law) ar8 responsiblè for weparing the Trustees, Report and the financial statements in accordan with applicable law and regulations. Company law r8quir8s the Trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), Undèr company18w th8 Trusteès must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements. Ihe Trustees are required to: selecl suitable accounting policies and Ihen apply them consistently; observe the methods and principles in the apFlicable Charities SORP; make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any materlal departures disclosed and explained in the financial statements: prepare the financial statements on the going COnM basis unless it is inappropriate to presume that the charity will wntinue to operate. The Trustees are responsible for keeping adequale accounting records that are sufficient to show and explain the chariws transactions and disclose with reasonable accuracy at any time the financial position of the tharity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe charity and henc8 for taking r8asonabl8 st8ps for the prevention and detection of fraud and other irregularities. Approved and signed on behalf of the Trustees on... Mr J Wilkinson Chaimian 10
Age Concem Reading {tradin9 as Age UK Readlng) (a company Ilmlted by guarantee) Independent Examiners, Report to th• Trustees of Age Concern Readlng for the Year Ended 31 Illarch 2025 I rèport on the accounts of Age Concern Reading (the 'charitable companf) for the year ended 31 March 2025. Respoctlvo responsibiliti•s ot trustees and examiner As the ¢hariVs trustees (and also its directors for the purposès of company law) you are responsibb for the preparation of th8 accounts in accordance vAth the requirements of the Companies Act 2006 (the"2006 Acr). Havlng satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent éxamination. I report in respect of my examination of your charitable compan$ accounts as carrf8d out under Section 145 of the Charities Act 2011 (the .2011 Acf). In carying out my examinatlon I havé followed the Directlons glven by the Charity Commlsslon under sedion 145(5)(b> of the 2011 Act. Independent examinerfs statement Since the charlty's gross inrne exceeded £250.000 your éxaminer must be a m8mb8r of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the AssociatM)n of Chart8r8d Certified Accountanls {ACCA) and the Association of Charity Independent Examiners (ACIE). b¢)th of which ar8 listed bodles. I have completed my examination. I confirm that Th) matters have Come to my attentlon In connectlon with the examlnation giving me cause to belteve that: accounting records were not kept in respect of the tharitable company as requlred by section 388 of the 2006 Act." or the accounts do not accord with those records. or the accounts do not comply wlth the accounting requlrements of se10n 396 of the 2006 Act other than any r8qulrement that the accounts give 8 Irue and fair view, vthich is not a matter considered as part of an independent examlnation- or the accA)unts have not been prepared in accordance with the methods and principles of the Statement of Rewnmended Practice for accounting and reporting by charities. I have no conoems and have come across no other matters in conn8Ctlon wlth the examination to which attentlon should b8 drawn in this report in order to enable a proper understanding of the accounts to be reached. Jason Foxwell FCCA FCIE 12 Hlllbourne Road. Poole, BH17 7JB Date: 25 November 2025 11
Age Concern Reading (trading as Age UK Reading) (a company Ilmited by guarantee) Statement of Financial Activities (combined income and expenditure accounl) For the Year Ended 31 March 2025 Totsl Funds 2025 Total Funds 2024 Unréstrlcted Funds Funds Donalions and Legacies Investments 9,339 31 22,500 9,399 31 58,667 12.549 71 63,935 36.167 Incomo From Charftablo Acllvities Reading B¢xough Cc4Jndl Tenders Activity dubs income from dlents Income from projects IrKome from shopplry ser41(8 Fundraising Activities 74563 74,563 81.342 37,559 37,559 110.710 983 110,710 122,383 2.337 1679 226,495 4,416 230,824 226.495 Total Income 258,365 36,167 294532 307,379 Expondlture Charitable Expenses 266.816 21A94 288.310 278,819 Total Expondlturo 266,816 21A94 288,310 278,819 Net (Expendlture) I Income (8,452) 14673 28,560 Nel movement of fund$ (8,452 14,673 222 28.560 Reconclllatlon of Funds: Balance as at 1 Aprll 2024 93,609 10.606 104.215 75,655 Balance at March 2025 85.217 25,279 104.215 The charitable company has no recognised gains and losses other than thg net movement in funds in the period. The notes on pag88 11 to 17 form part of these financial statsments. 12
Age Concern Reading (tradlng as Age UK Reading) (a company limitod by guarant88) Balance sheet as at 31 March 2025 Reglstered Charity Number: 1103557 & Registered Company Number: 04750114 2025 2024 Flxed assets: Inveslments Current assets". Débtors Cash at bank and in harKI 24,724 112,632 15,515 116.195 Llablllllas: Credtors: due within one year (26.920) (27,496) Net current assets 11ON36 104.214 Total net assets 110,437 104.215 The funds of tha charity: Unrestrtcted funds Restricted funds 85,157 25.279 10.6C6 Total charity fvnds 10 110.437 104,215 The Directors are satisfied that the charltsble company is entitled to exemption from the provisions of the Cornpanies Act 2006 {the Act) relatlng to the audlt of the financial statements for the year by virtue of section 477, and Ihat no member or members have requested an audlt pursuant lo section 476 of the Act. The Directors acknowledge their responsibilities for complylng wlth the requirements of the Companies Act 2006 with respect to accounting records and the preparatlon of financlal ststements: {1) ensuring that the charitable company keeps adequate accountlng records whlch comply with section 386 of the Act and {ii) preparing financial slatements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its results for the financial year in accordan with the requirements of sections 394 and 395. and vthich otherwise compty with the requirements of the Act relating to financial statements. so far as applicable to the charilable company. The financial statements have been prepared in accordance with the provisk)ns applicable to companies subject to the small companies regime. These financial s .1 C• QU I ments were approved by the Council of Management and aulhorised for issue on ..and are signed on their behalf by: Mr J Wilkinson Chair The notes on pages 11 to 17 fom part of these financial statements 13
Age Concern Readlng {trading as Ag8 UK R8adlThJl (a Ccthpany limibj by guarantee) Notes lo the financial ststsments for the Year Ended 31 March 2025 A¢untIng polScSes (a) General infornialion Age Concem Reading is a registered charity arKI public benefrt entity, number 1103557, and a charitable compary limited by guarantee, number 04750114, incorporated in England and Wales. The address of its registered Offi is Walford Hall, Carey Street, Reading RG17JS. The financial statements are presented in pounds sterling (£) and rounded lo the nearest pound (£). (b) Basls of preparatlon of flnanclal statements The financial statements of the charitsble company have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charilies preparing Iheir accounts in accordance with Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019) - (Charities SORP (FRS 102)}. the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Th8 preparation of financial stat8ments in compliance with FRS 102 requires th8 use of certain critical accounting estimates. It also qUireS management to exercise judgement in applying the charitable company's accounting policies. Estimates and judgements are continually evaluated by the Trustees based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances (see Note 2). Age cOnM Reading meets the definition of a public banefit éntity und8r FRS 102. The following principal accounting policies have been applied: (c) Going concern The Trustees confinn that at the time of approving thè financial statemènts there are no material uncertainties regarding the charitls ability to continue in operational existence for the foreseeable future. In arriving at Ihis conclusion, the Trustees have taken account of current and anticipated financial performance in the current economic conditions and tts reseNes position. (d) Incom• Incom8 is r8cognised in the Statement of Financial Activit18s when the tharity is legally entitl8d to the income, It is probable that the income will be received and the amount can be quantified with reasonable accuracy. Income from charitable activities relate to grants, these are recorded when the charitable company becomes unconditionally entitled to the grant. Govemment grants are recognised vthen it is reasonable to expect that Ihe grants will be received and that all related conditions will b¢ met usualty on submission of a valid claim for paymenL (e) Expendlture All expendlture Is accounted for on an accwals basls and has been classffied under headlngs that aggregate all costs related to the category. Where Costs cannot be directly attrlbuted to partlcular headlngs they been allocated to activities on a basls conslstent wlth resources. Govemance o)sts are those incurred in connection with Govemance of the charity and complian with constitutional and statutory requirements. 14
Age Concern Reading (tr2Kllng as Age UK Reading) (a company limited by guarantee) Notes to the flnanclal statements For the Year Ended 31 March 2025 (continued) 1. AcGountlng pollcies {¢ontinued) fft Fixed Assets Flxed assets for charity use are capitalised at cost. (where that cost is £1,(K)O or higher) when acqulred or market value as d8t8miin8d by the Directorsrrrustees where donated. They are stated In the financial statements at original costlvalue less depreciation. (g) Llabllltles Liabilltles are recognised when there is an obligation at the Balan sheet data as a result of a past event, It Is probable that a transfer of e¢onomi¢ benefit will be required in setuement, and the amount of the setuement can be estimated reliably. Liabilities are recognised at the amount that the charlty anticipales It will pay to settle the debt or the amount it has received as advanced payments for Ihe goods or services it must provide. (h) Valuatlon of Invostments Investments in subsidiaries are measured at cost less accumulaled impairment. ()1 Fund Accounllng Unrestricted funds are don8nS and other incoming resources receivable or generated for the objects of the charitable company without further specific purpose and are available as general funds. Restricted funds are subject to restrictions on their expenditure imposed by the donor. O) Taxalion The tharitabl8 company is a registered charity and as such is entitled lo tsx exemptlons on income and gains, properfy applied for its charitable purposes. (k) Flnanclal Instruments The charity onty enters inlo basic financial instrurnents transactions that resutt In the recognition of financial ass8ts and liabilities like trade and other debtors and creditors, loans from banks and other third parties and k)ans to related parties. Judgements in applying accounting pollcles and key sources of estlmatlon uncertainty In the application of the trust's accounting policies, the Twsteas are required to make Judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readity apparent from other sources. Th8 estimates and associated assumptions are based on hlstorical experience and other factors that are considered to be relevanL Actual results may differ from these estimates. Th& estimates and underlying assumptions are reviewed on an ongoing basis. Revislons to accounting estimates are recognised in the period in which the estimate is revised rf the revlslon affects onty that period, or in the period of the revision and future periods if the revision affects both current and future periods. There were no judgement or material estimation uncertainties affecting Ihe reporting financial perfonnance In the current period. 15
Age Concern Reading (trading as Age UK Reading) (a company linited ty guarantee) Notes to the financial statèments For th• Year End•d 31 March 2025 (continu•d) 3 Grants Recelvable Unr•strlctsd R•striet•d Total 2025 Tcrtal 2024 Reading Borough Coundl Age UK Brand Partner payment John Sykes Foundation Sky Communty Trust Reading Rotsry Communty Tilehurst ParFsh Council 2023 & 2024 The Head18y Trust Mccarthy Stone RBC Small Grants Fund Ag8 UK Winter Wamth Age UK Cost of Living Magic Litt Grant Sky Tlme to Care Other Charles Hayward 7.500 1,000 2.000 5.000 6.936 5.(J)O 29.999 500 soo 1,000 10,000 3,000 1,000 25,000 3,000 15.000 Age UK- Omaze 20,000 20,000 TilehtKst Parish CourKil 2025 1,000 1,000 36,167 58,667 53.935 4 Rosources Expended Chari1obl• Expenditure Charltable Governance Totsl Total Exponsos Costs 2025 2024 Staff Prernises Office other Independent examinerfs f88 250,887 10.002 811 17J35 250,887 10.002 8,811 17,335 1,275 288.310 234.917 9.780 9.039 21.483 1,275 1.275 287,035 278.819 5 Staff Costs 2025 2024 Wages ar salaries 233,750 220.521 Swal Security costs Pension ¢ontribulions Other Costs 9,585 6,954 598 8.598 5,798 250 887 234.917 Average numb8r of 8mploy88s In th8 yéar: 22 The total arrK)unt of benefrt relating to key management personnel ft)r the year was £135.017. No employee received benefits of more than £60,000. None of the Trustees receive any benefits. No payments (2024: £Nil) were made to reimburse the Trustees for out-
Age Concern Reading (trading as Age UK Reading) (a company limited by guarant88) Notes to the financial statements For the Year Ended 31 March 2025 (continued) Investmwts The followlng Is a subsldlary undertaklng of the charity: Name Clam of Sharo Age UK Readlng Tradlng Limited Ordinary Holdlng 100 At the year end. the above-named company has not commeneed trading and has reserves of £1. The registered offlce of the subsldlary Is Walford Hall. Carey Stree( Reading. Berkshlre, Unlled Klngdom. RG1 7JS. Debtors 2025 2024 Accounts r8c8lvabl8 Prepayments Grants receivable 3,110 1,614 20.000 24724 3.567 1,612 10.336 15,515 9 Credltors 2025 2024 Amounts falling due within one year. Trade Creditors Other creditors Other taxation and social security Deferred inccne {see below) Accruals 650 21.479 3.515 283 18,374 5,239 1375 3,600 26.920 27.496 Deferred income Brought frjrward Grants released from previous reporttng perlods Grants deferred in current p)rtIng per*)d Carrfod forward Deferred inoxne is made up of grant irMe intended to support seNtC8s provld8d ovèr a 12 month peri¢)d. 17
Age Concern Reading (trading as Age UK Reading) (a company limitsd by guarantee) Notes to the financlal slatements For the Year Ended 31 March 2025 (contlnued) 10 Anatysis of Not Assets Botwoen Funds 2025 Unrn$trithd Current assets Credltors 112,077 126,920) 85,158 24279 137,356 <28,920) 110.437 2&279 2024 Unrestrlcted Restrlcted Total Nofvcurrent assets Current assets Creditors 121,104 10,606 131,710 93,609 10.606 104.215 11 Restricted fvnds Balance at Incomlng R•sourcos Resources Balance at Funds 0110412024 Expendod 3110312025 Restart Mccarthy Stone RBC Small Grants Tllehurst PC 24 Reading Borough Council Magic Litue Grant Sky fime to Care Other Chartes Hayward Age UK- Omaze Tdehurst PC 25 Total Rostrict•d funds 1,000 (3,606) {5,000) {1,000 667 500 1000 9721 5,000 1,000 667 500 1,000 10,000 3,000 20,000 1,000 36,167 279 3000 20,000 10,606 (21,494) 25,279 18
Age Concern Reading (trading as Age UK Reading) (a company limrted by guarantee) Notes to the flnancial statements For the Year Ended 31 March 2025 (continu•d) 11 Restricted funds (continued) Balarts at 01AM12023 Incoming Resources Resources Expend8d Balance at 3110312024 Funds CEV Awards for fvjl Restart John Sfftes Foundation Sky Community Trust Reading Rotary Tilehurst Parish Council The Headley Trust Mccarthy Stone RBC Sman Grants Age UK Winter wath Age UK Cost of Living Total Restricted funds 9,066 10.Crf)o (9,066) (10,000) (2,000) {1,000) (2,000) (1,000) {1.000} (5.000) (3.330) 1,000 1,000 2,000 1.000 2,000 5,000 6.936 5.000 1.000 29.999 53,935 1.000 5.000 (1,000) (39,999) 175,395} 10.000 32,066 10.606 Purpose of the restrlcted funds R64start Represents grant contribution towards th8 Cost of r&opening tsY1ty club servic£. Mccarthy Stone Funding the set up and runnlng of a new dem8ntia dub. R8C Readlng Small Grants Fund To furKI th8 Sèt up and runnlng of an addibonal dementla club in the Reading ar8a. ehurs¢ PC 2024 A fund to asslst with the Cost of providing Agé UK Reading servl¢es to dients IivFng in Tllehurst. RBC Household Support Fund To provide supermarket vouchers to thos8 in neèd. Alagk Llttle Grant Grant to support the befriending seNi. Sky fNne to Caro Grant to support the befriending service's support costs. T wishing to remain anonymous To help the olderty in times of hardship and crisis. Charfes Hayward Foundation To supplement the cost of running the InfOr(lOn and A(fvice servi(?. Age UK- Omaze To provide friendship minutes- no home for loneliness. riehurst PC 2024 A fund to assist with the cost of provldlng Age UK Readlng services to dients Imng In Tilehurst. 19
Age Concern Reading (trading as Age UK Reading) (a wmpany limited by guarantee) Notes to the financial statements For the Year Ended 31 March 2025 (contlnued) 12 Related Party Transactlons During the year the Charity received paymerts totaling £7,000 {2024: £1.000) from Age UK, with an agreemenl to re1ve a fvrther £20.000 from Age UK in partnershlp with Omaze. No paJTr*nts have been mad8 to Trustees and there were no other rela party transactions thring the year or prior year.