Link Age Southwark Communities supporting older people (A Company Limited by Guarantee) Trustees Annual Report and Financial Statements For the Year Ended 31 March 2025 Company Registration Number: 05189161 Charity Registration Number: 1105923
Page Legal and Administrative Information Report of the Trustees Report of the Auditor 11 Statement of Financial Activities 12 Balance Sheet 13 Statement of Cash Flow 14 Notes to the Financial Statements 15
Report of the Trustees for the Year Ended 31 March 2025 Legal and Administrative Information Trustees Caroline Havers {Chairl Adrian Greenwood (Deputy Chair & Company Secretary) Kieran Payne (Treasurer) Lucy Allen John Baldwin Zoe Bond Yoko De Souza Dr Ruth Evans Barbara Fittall Funmi Olowe Valerie Strachan Rebecca Torry Resigned September 2024 Appointed March 2025 Resigned September 2024 Company Number 05189161 Charity Number 1105923 Registered Office United Reformed Church, Tell Grove, London SE22 8RH Chief Executive Ceri Sheppard Auditors The TC Group The Courtyard Shoreham Road Upper Beeding Steyning West Sussex, BN44 3TN Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill, West Malling Kent ME19 4JQ
Trustees, Report For the year ended 31 March 2025 The Trustees (who are also the Directors of the charitable Company for the purposes of the Companies Act>, present their combined Directors, report and Trustees, report, as required by company law, together with the audited financial statements of Link Age Southwark {the Charity) for st the year ended 31 March 2025. The Trustees confirm that the Trustees, report and financial statements of the Charity comply with the current Statutory requirements, requirements of the Charity's governing document, and the provisions of the Statement of Recommended Practice (SORPI "Accounting and Reporting by Charities" applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 {effective l January 20191. Mission Vision Values and Activities Our Vision Friendly, vibrant local communities where older people thrive. Our Mission Link Age Southwark helps older people stay connected with their communities, alleviating loneliness, improving health and wellbeing and making communities strongerthrough volunteering. Our Values We are positive We approach situations with positivity, no matter how challenging. We bring joy We bring joy, vitality and warmth to every setting we enter. We have a 'can do, attitude We encourage everyone to share their unique skills, talents, passions and experience with each other. We are always connecting We know that connecting with other people is critical to everyone's wellbeing. We have strong partnerships. We respect each individual We see the person, not their age and always truly listen to the person in front of us, seeking to understand their point of view. Achievement and erformance The demand for our services remains high and we have continued to deliver our befriending service in people's homes, groups in the community and our information and support service by phone and in person. For the first time ever, during the final quarter of the year referrals for people living with dementia exceeded other referrals. We have met our internal and funder-agreed targets. In 2024-2025 we: Worked with 326 dedicated volunteers, who contributed 20,465 hours of volunteering which is worth the equivalent £283,440 (at the London Living wage of £13.85 per hour). Supported 817 older people.
Provided Information and Support as part of our Ageing Well Southwark provision to 188 people. Offered 20 groups to 207 service users, including exercise, creative activities, dementia specialist and social groups, as well as our weekly Warm Space. Supported 186 befriending relationships including 61 new matches. Undertook 191 practical tasks such as gardening and digital support. Hosted summer and Christmas parties. Worked with 6 local schools who 5UPPOrted our Christmas party as well as hosting their own social events for older people. Delivered our bi-monthly newsletter to 742 households. Befriending The priority for our befriending service is for those who are housebound putting them at higher risk of loneliness and social isolation due to being unable to easily access other service within the community. Over the last year we have matched 61 new relationships (target of 60) and supported 186 relationships. Our service offering I:1 befriending sUPPOrt and advocacy for those with more complex need5 has continued. Exercise, social and activity groups We encourage people who are able to leave their homes to attend our groups and social events. We have run 20 social, exercise and activity groups during the past 12 months. Our groups are dementia-friendly and we have added a new dementia-specific group this year, bringing the number of specialist groups to seven. The groups take place in a range of locations around the borough including sheltered housing communal spaces, community centres, churches and a school. Practical support Our practical support includes light gardening and help with using digital devices. Our digital buddies visit people in their homes to support with using smart phones or laptops. Newsletter We have circulated our newsletter every two months this year. Volunteers assist with stuffing envelopes and deliveries. Over the last twelve months, the newsletter has provided information on our group and events as well as issues affecting older people, such as winter fuel payments. Transport The c05t of taxis to Link Age Southwark led us to support people to sign up to Dial A Ride or to use discounted schemes to book their own taxis. This has not impacted on attendance at our events and groups. We call participants to make sure that they can get to and from sessions, and provide a5SlStance where needed. Intergenerational work with local schools We continue to work closely with local schools and are grateful for their support. We do a range of intergenerational work including talks in schools and inviting young people to attend groups. Ageing Well Southwark As a member of the Consortium of Older People's Services in Southwark (COPSINS), we have continued to be part of this important contract with Southwark council, offering a single 'front door, service to older people and their family and carers seeing information and support.
Social Events We put on two large parties at Christmas and in the summer this year, as well as numerous smaller social events including tea parties and dinners. Plans for the Future Link Age Southwark will continue to serve older people in Southwark through befriending, groups and information seniices. We are keen to develop our intergeneration31 work and specialist opportunities for people living with dementia, and will continue to ensure that we are reaching those who are most in need of our support. Volunteers of all ages will remain at the centre of our delivery model. We are keen to increase financial and other contributions from local people and businesses, and will create more opportunities for them to feel connected to us. Governance and Administration Public Benefit The Trustees confirm that in setting LAS'S objectives and planning its activities they have complied with the duty to have due regard to the Charity Commission's general guidance on Charities and Public Benefit. Link Age Southwark constitution and organisational structure Link Age Southwark is controlled by its governing document, the Memorandum and Articles of Association and is constituted as a charity and company, limited by Guarantee, as defined by the Companies Act 2006. The members of Link Age Southwark (all Trustees plus up to 30 additional members from among our supporters, service users and volunteers) are eligible to elect Directors/Trustees, and to put forward and vote on resolutions at the Annual General Meeting {AGM). Staff The number of staff is 20, with the FTE remaining consistent at 13. We also have three staff on zero hours contracts. Governance and decision-making Legal responsibility for the management and stewardship of the Charity is vested in the Board of Trustees. The Charity has a Chair, Deputy Chair, Company Secretary and a Treasurer. Trustees meet every two months. The Board of Trustees has a finance committee, which meets quarterly throughout the year, reports to the Board, and has its own Terms of Reference. Trustees make strategic decisions, in consultation with the Chief Executive. Day to day management is delegated to the Chief Executive, who attends all Board meetings. Operational decisions are taken by the Chief Executive and Senior Management Team ISMT). SMT members are supervised by the Chief Executive, who, in turn, is line managed by the Chair.
Recruitment and appointment of Trustees Rule 38 of the Articles of Association refers to a power to fix the maximum number of Directors, At th the AGM of 19 October 2015, a resolution was passed to set the maximum number of Directors at IS, on the understanding that the usual number will not exceed 12. The period of office 15 three years. The Articles of Association provide that, at each AGM, one third of the Trustees lor the number nearest to one thirdl must retire from office.. those who have been in office longest retire first. Retiring Trustees may normally put themselves forward for re-election by the members of the Charity. A succession plan is reviewed by the Board regularly, and skills audits are carried out to inform Trustee recruitment. Trustees bring experience from the public, private and voluntary sectors and have expertise in management, finance, law, communications, IT and health including care of older people. During the year, Lucy Allen and Funmi Olowe resigned from the Board and Barbara Fittall was appointed. Fundraising The charity is committed to ensuring that all of its fundraising activities are legal, open, honest and respectful. The Charity h35 a diversified fundraising base with just over 50Yo coming from grants from charitable trusts and foundations. The Ageing Well Southwark contract with Southwark Council provides 23Yo of the Charity's funding. Link Age Southwark has an annual calendar of community fundraising events. We continue to benefit significantly from our Patron scheme and individual donations. No external professional fundraisers or commercial participators are used in these fundraising activities. The charity is committed to meeting the requirements of the Fundraising Regulator, the standards of the Code of Fundraising Practice, and the requirements of the Data Protection Act 2018 around protecting vulnerable people and treating personal data with respect when carrying out fundraising activities. Trustees, Liability and Responsibilities The Trustees (who are a150 the Directors of Link Age Southwark for the purpose5 of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charitable company Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Trustees are also aware of and aspire to ensuring that Link Age Southwark demonstrates all the hallmarks of an effective charity, namely to: be clear about its direction; have the right mix of skills and experience; achieve its purposes and del iver its services efficiently; assess its performance to help improve its efficiency,. have the financial resources to deliver its purposes. be accountable and transparent; Induction and training of Trustees The induction programme for new Trustees includes: written information about the charity's activities; the charity's memorandum and articles of association; the charity's policies and procedures; the NCVO Code of Good Governance; the Charity Commission's CC3- The Essential Trustee information on Trustees, legal responsibilities,. a meeting with the Chair and the Chief Executive; an invitation to attend a group or event; an invitation to attend the charity's activities in the community; attendance, as an obserier, at a Board of Trustees meeting. Trustees are encouraged to attend relevant training courses. They also receive updates from the office on matters pertaining to effective governance and relevant sector specific issues.
Risk Management Trustees maintain a risk register to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The charity's risk register is reviewed and updated annually, with appropriate mitigation measures put in place. At every Trustee meeting, the top three risks are highlighted with a discussion, as needed. Fundin and Finances Summary Results for year Income for the year of £529,881 shows a decrease of £562,225 compared with the previous year's total £1,092,106. This decrease was largely due to significant legacy income in the previous year which was not repeated. Expenditure in the year was £688,567 {2024: £662,678). The decrease in income and increase in expenditure has resulted in a deficit of £158,686 and total funds of £709,253 (2024.. funds £867,939). The biggest variance between budget and our actual position comes from External Grants where there was a -£56k shortfall. Our strong reserves position at the beginning of the financial year led the Trustees to a decision to not proactively seek charitable grants during this year, as it was felt that it would be wrong to do so. Expenditure variance was £29.2k over budget, with Project Direct Expenses followed by Staff Costs being the main contributors. 2025-2026 Budget The Trustees have agreed a deficit budget for the 2025-2026 financial year. The budget, as agreed, will deliver a deficit of £190,157. The impact on reserves will bring a decrease to £519,096 of which £12,458 would be restricted, £160,000 designated and £346,638 would be unrestricted. Given the planned budgeted deficit for the upcoming year, it is vital that LAS continues to ensure tight control over costs to avoid exceeding the agreed budget. In parallel, proactive work is underway to secure funding through external grants and strengthen key income streams such as the Patrons scheme and Community Fundraising. While the budget is achievable for the coming year, increased and diversified income alongside effective cost management will be needed to ensure sustainability in the longer term. Reserves and Investments Policies The reserves policy remains in place with Trustees having agreed that Link Age Southwark should hold six months of budgetary expenditure in reserves. The policy aims to hold reserves at a level that enable us to manage financial risk and short-term income volatility,. maintain optimum levels of service provision; ensure that our financial commitments can be met and implement our strategic priorities whilst continuing to respond to emerging need in uncertain times. Six months budgeted expenditure for 2025-26 is £354,637, with £352,994 being held in general funds at year end, our reserves policy is met. Should a negative variance against budget begin to develop, six months would provide an ample window in which costs and service delivery may be reconfigured to ensure the continued financial viability of the Charity.
Link Age Southwark continues to find that the outsourced support of JS2 accountants in inputting to the budgeting process and preparing management accounts, forecasts and statutory accounts is extremely valuable in enabling rigorous monitoring of financial performance and sustainability. Funds held within reserves are invested in various deposit accounts. Independent Examination Due to the lower level of income generated this year, our accounts have been subject to an independent examination. The TC Group, who carried out our audit last year, have been appointed to carry out the independent examination. th This report was approved by the Board of Trustees on 17 September 2025 and signed on its behalf by: Caroline Havers Chair Kieran Payne Trustee and Treasurer 10
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LINK AGE SOUTHWARK FOR THE YEAR ENDED 31 MARCH 2025 I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2025. Responsibilities and bas15 of report As the charity's trustees of the charitable company {and also its directors for the purposes of company law} you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act,). Having 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 examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the directions given by the Charity Commission under section 145151 {bl of the 2011 Act. Independent examinerfs statement Since the charity's gross income exceeded £250,000 your examiner must be a member 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 Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: l. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records.. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charitie5, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Mark Cummins FCCA FCIE TC Group The Courtyard Shoreham Road Upper Beeding Steyning West Sussex 8N44 3TN Dated: 2311012025 li
STATEMENTOF FINANCIAt ACTIVITIES Inclvdin In£ome & E nditure Account FOR THE YEAR ENDED 31st MARCH 2025 Yearended 31 March 2025 He5V¢ lolal Yeav ended 31 Mah 2024 Tr*41 ur¢¥111Cd Fund5 Funds Fuhds Notes INCOME AND ENDOWMENTS FROM: Donations, Gr•nts and Le8acies Voluntary Income 135.265 215.157 350,422 764,663 151,583 916,246 CharltableA¢tivitiE5- Supportlne Qldei People 37.403 21.144 120,912 37,403 21.144 120.912 41.fA)6 13.392 120,862 41.606 13,392 120,862 Investment Intome London Borough of Sou¢hwark TOTAL INCOME 314,724 215.157 5Z9.8BI 940J23 151.583 1.092.106 EXPEt40rruRE FROM: Charltable Actfvhies-supportlh Older People 457,596 224,532 682,128 390,880 247,820 638.700 R•isithg Fuhds 6,439 6.439 23,978 23.978 TOTAL EXPENDITURE 464.035 224,532 688,567 414.858 247.820 fj62.678 Ploi IncomellExpenditvrel 1149.3111 193751 1158.6161 525M5 196.2371 429A28 Reconciliationof Fund5'. Total Funds at the start of the year 848.564 19,375 867,939 322,899 115,612 438,511 Total Funds at the end of the year 699253 10.000 709.253 848,564 19.375 B67,939 The Statement of Financial Activities irtcludes all gains and1055Ès rtCOÉhiseO irt theyear All income ancl expenditure deriwe from COTltinuin8 activities The noteson pa8es IS 10 23 form part of these financial 5tatemernts 12
BALANCE SHEET AS AY 31st MARCH 2025 2024 at•5 FIXED ASSETS 37.276 48,145 CURRENT ASSETS Dtrbtors Cash at Bank and Fn Hand 21,924 681,032 702.956 51,784 836,875 888,659 Less.. CURRENT LIABILITIES io 130.9791 168,8651 671.977 709.253 819.794 867,939 TOTAL ASS5 IESS CURR£Nf LIABILITIES CHARITY FUNDS Restricted Funds 11,12 io.(NJo 19.375 Designated Funds 11,12 346,259 495.331 Unrestncted Funds 11,12 352.994 353,233 TOTAL FUNDS 709,259 867,939 The Dirertors acknDwledge their responsibilitie5 for complying With the requirementgof theCofflpanie5 A(12006 with re5pett lo the accounting retortls and the preparation of accounts These a¢counis have been prepared irt accordance with provisions appliiable lo companies Sblert tothe small compallies, regime The financial staiements were approvpd bytheTru5tee5 onthe 171h SeptÈmber 2025 and signed on their behalf bv.. Kleran P•yne Trustee & Treasurev alf of Trustets The DolE5 on paKe5 15 to 23 form part of these financial statements Company Reglstration ND. 05189J61 13
STATEMENT OF CASH FIOW FOR THE YEAR ENDED 3Js¢ MARCH 2025 2025 2024 Cashllow5 from operatln8 artbvltles F4ei cash provhltd by operèiin8 a(thiltle5 Ireconrlll•tlon belowl 1176,9871 472,346 Cash flowslrom investin8 artivlties Dividend5 hnd Intèresi from InvesirneDt5 Purchase of property, plant and eqvipment 21.144 13,392 11.19BI Netf5h Proved byllused In) Imtestfjn8 actlvlfjes 21,144 12,194 Chanoe incJsh ¢•sh equlv4knts In the reportini a C&sh Cash e9ulvalents atthe st•rtof the year 1155,8431 836.875 484,S40 352,335 Cash and cash eqtstr4aleDts atthe end of the year 68132 836.875 Re¢011$at10n of It Irb¢omeio netwh flow from operatingactlyls 2024 2023 Net in¢ome foi the reportin8 peri(¥J Depreciation ¢h¥rees Divldends and Interest froTh ifTrvestmnrs IlncreasellDecfease In debtor5 Increaselldecrezsel ID credltois 1158.6861 10,869 121.1441 29.860 137,8861 429.428 12.380 113.39ZI 4.411 39,519 Jo Net eash provhl*d by operntiw activities 1176.9871 472,346 The noteson pa8es 15 to 23 form part ol these financial statements 14
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TOTNE FINANCIAL STATEME THE YEAR ENDED alrt MARCH V(WMTARY114COME 2024 Tot•1 Natlonal LIJttcom1ty Fund R(thrt mrAlP+ Founthtion Southwark Courfil INtl8hbourhood Fvnthl Clty Bri¢e FrntIDN The Utth F•m1- rntwrie5 Southww Adult Sotthl Care MCF •nIC Ch•rhb London Fremir 124,6J6 124.636 17,778 12.5 1?.090 19,891 41.63 19.891 6,5fXI 20.LU) 8.942 20,Cth) T2am iondoth Brl 5rrthw•rk ¢ouKII 3,715 The 0ulwlchffill Tr1 Unlied stSaYkr,$Chilty Gtheld Wt$1¢ Frrtmthtion (aT(OmmunIty W•b Cl Mer¢ersTrust Southw4fkCh•rt1 Thpsobetl FtyJthd•iK The Ellubrfhand PrirteherTru Th? Henry 5miihCh•vlty MwrlmaritharltlAe F<NM)d•ri lohn Hwstffl•n Trust Franc15 Winharn fndItr$ 13.333 13.333 6.667 1.02Q 1.020 33.333 io.o iO.LTr) 88%53 215,157 )4MJQ 317,025 IfidbvSdwl Ilnc. Patronslind OrÉ•nisa14oDS GrftAid 41.412 50.479 J6.252 66.731 41.412 41.412 O ilpxoft Le Leklty FP Lrf•ry Frarbk Rawe L*¢•ry 4,C65 61S65 532.490 135.265 215,157 350.422 16
OTES TO THE FINANCIAL STATEMENTS continued FOR TH AR ENDED 31st MARCH 202 CHARITABLE ACTNITIES Unrestritte RestrSced 2025 Totsi 2024 In¢ome lTrtorne Total Sovihwèr Council 120.912 120,912 120.862 ÉXPENDITURE 2025 Dire¢t Other Go¥einante 1025 Diro¢t nd Support Total Costs £05ts C05ts Charitable Expendiwre Fundr•isin& Costs S13.521 4.078 517.599 53.964 1.450 55.414 114.643 911 115.554 682,128 6,439 688.567 EXPENDITVRE 2024 Oett Olhv 2024 Toial Costs staff Ihve• Costs ndsuwrt Costs Costs ChathablÈ EKpendilvre Fundraising Costs 467.051 11,267 478.318 49.125 9.754 58.879 122,524 2.957 125A81 63B.700 23.978 662,678 SVPPORT& GOVERNANCE COSTS 2025 Suw)rtin8 OldEi PeDpI Rai51 2025 Totsi 2024 Total Funds Repairs. M31ntenan¢e & IT Telephone 8ookkeepin8 21,527 3.309 25.374 20.883 10,782 189 4.875 7,939 293 171 21.698 3,335 25.576 21,049 10,868 190 4,914 8,(K)2 295 17,674 628 24.696 23.854 12.380 1,139 3.568 7,032 3.029 757 .705 2.445 105,907 26 202 166 Depreciation Insvrance Training & recruitment Prlnting. Postage & Stèiionery Other Staff Costs Payroll Processing Other Oank Char8es & Consumable5 Total Support C05tS 39 63 6.497 2.173 103,841 52 i? 825 6.549 2.190 104,666 AuditlindependeDt Examinauon Fees her Governance costs Staff Costs Total Governancecosts 3.rkn3 3,627 4.112 10,802 24 29 33 3,087 3,556 4.145 10.888 10.800 2.783 5,991 19,574 Totèl Support & Governance Costs 114,643 9Jl 115,554 IZ5A81 17
NOTES TO THE FINANCIAL STATEMENTS continued FOR THE YEAR ENDED 31st MARCH 2024 SUPPORT& GOVERNANCE COSTS 2024 ICONTIIIUEDI Aalsh 2024 Total OlderP¢We Funds Repair5, Main¢enance & IT Telephone 8ookkeepln 17.258 613 24,114 23.292 12,088 I,Il2 3.484 6,866 2.958 739 416 15 582 562 291 27 17,674 628 24.696 23,854 12,380 1,139 3,568 7.032 3,Q29 757 gepreciation Insurance Training & recruitment Prlrtti Postage & Stationery Other StafF Costs Payroll PrOssing Other Bank Charges & Consumable5 Total Support Costs 166 71 18 205 58 2.496 .705 2,445 iOS.907 2.387 103,411 Independent Examifiation Fees Other Governante tosts Staff C05t5 Total Governance C05t5 10.546 2,717 5.850 19,113 254 iO,BOO 2,783 5,991 19,574 141 Total Support & Governancecosts 2.957 125ABI NEf INCOME IEXPENDIWREI 2025 IQ24 Total Trjta This is Slated after charging". Depreciatioh of filed assèts IndepeNdent Examination Pension Costs 10,868 3.087 20,444 34.399 12.380 10.8(K) 17.938 41,118 18
NOTES TO THE FINANCIALSTATEMENTS continued FOR THE YEAR ENDED 31st MARCH 2025 STAFF COSTS 2025 Totsl 2024 Total Staff c05t5 were as follows.. Wages and Salaries Social Security costs Pension costs 466,164 35,136 20,444 521.744 433.558 32.813 17,938 484,309 No. No. The avera8e number of staff employed dvring the year-. Charitable Activities Support 19 17 21 19 No employee received remuneration in excess of £60.0J12024- £nill during the year The total employees benefits, Including employer contributions ol the key management personnel amounted 10 £48,10812024- £59.9151 During the year no Tiustee received any remuneration or benefits in kind12024 £Nill. Durin8 the year noTrustees received a feimbursement of expen5es12024- £Nill. TANGIBLE FIXED ASSETS Offite Le15ehold Equipment Improvements 2025 Total COST At the beginning of the year Additions during the year At the end of the year DEPRECIATION At the beginning of the year Charge for the year At the end of the year NET 600K VALUE At 31 March 2025 At 31 March 2025 11,912 90,717 102,629 11,912 90.717 102,629 9,098 1,797 10,895 45,386 9.072 54,458 54,484 10,869 65.3S3 1,017 2,814 36.259 45,331 37,276 48,145 DEBTORS 2025 Totsl 2024 Totsl Other debtors Prepayments and accrued income 5,883 16,041 21,924 36,415 15.369 51,784 io. CREDITORS- amounts falllng due within one year 2025 Tgtal 2024 Total Trade Creditors Other creditors Accruals and deferred income 6,512 9,545 14,922 30,979 35,396 8,879 24,590 68,865 19
NOTES TO ThE FINANCIAL STATEMENTS contlnued FOR THE YEAR ENDED 31st MARCH 2025 STATEMENT OF FUNDS ai 31.03.2S Dht Forward CarTlod Foard In¢ome Exppndilurt Tr•Th•f•r5 Unrestrthd Funds GeDeril Funds Desi8nated Fund- Frank Rèlfe Fund Desi8nated Fund- new offices 353,233 450.000 45.331 848.564 314.724 1464.0351 149,072 1140.0001 19.0721 352.994 310.000 36.259 699,253 314.724 1464,0351 Re5tricied Futhd$ National Lottery Community Fund fttsbert McAlpine Foundatio Southv43rk Council INei6hbourhDod Funésl City Brid8e FouDdation MCF Masonic Charitable London FreEmasons Other 124,636 1124.6361 9.375 19.891 44,630 20.0(M) 119.89Jl 144,6301 120.ODOI 15,0001 11,0001 io,¢)00 io,o(x) 19.375 215.157 1224,5321 io,ow Total Funds Unrestricted Funds Re5trittÈd Funds 848,564 19,375 867,939 314.724 215,157 529.881 1464.0351 1224.5321 1688.5671 699.253 10.000 709.253 STATEMENY OF FUNDS •t 31.03.24 Bro1 Qd IKome EKpEn&ture Tr4Trslews or¥Jard UreStrIed Funds General Funds Designateij Fund- Frank Ralfe Fund Designated Fund- new offites 268,496 940,523 1414.8581 1440.9281 450.0(KJ 19,0721 353.233 450. 45,331 848.564 54,403 322,899 940.523 1414,8581 Restrlcted Funds National Lotierycommunity Fund 5outhwark Adult Social Care- Hospiial Buddie Robert M¢Alplne Foundation Southwark Council (mehboufhood Funds) The Utley Family- Musical rnemories SouLhwark Adultsocial Care MCF Masonic Charitable Team London Bridge Southwark Council LOndl Frtemasons 63,155 52.457 87.778 1150,9331 152,4571 J2.5(X) 17,090 9,375 117,D901 11.0001 16.5001 iio.0001 13,(I)01 20,000 3,000 3.715 8.942 160.525 iO.LN)O 115.612 1256,7621 19,375 Toial Funds Unrestricted Funds Restricied Funds 322,899 115,612 438.510 940,523 160.525 1.101.047 1414,8581 1256.7621 1671.6201 848.564 19,375 667.939 20
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 315t MARCH 2025 tontinued StatemÈtyt ol Pur De5i8nated Fund5 De51 nat F nd- FFank Ralfe Fund The narning of the fund is in iÈCDgnilion of the considerable le8ac¥ left to vs by the e5tattrof Frank Ralfe. a previous beneficiary Link Agt Soulhw3rk. £450,000 has been allo¢ated to this fund which has been designated to a5515t With e¥¢stinB ch3ritable proiectsaThd emerging need given the 5iRnificant etonomic PsSrE5 ènd uncertalnty. Desi naied Fund- new offices This fund has been ser aside to cover the costs assotièied wh the move to new prern15es In 2018. Restrlned FuThd5 er Comrnuni Fund The provision of our dement13 setyi¢es. Robert Mc ine Foundation The contribuiion from Robert McAlpine suppons the pro¥Slon ¢f our wcial and activity 8roups 5outbwark Council Nei hbDuihood Funds This fundimÈ suppor15 the delivery ol extrcisegroups in conFmunity basÈd sling$ includiDÉ sheltered houslng and local £ommunity centres Cit Brid e Foundatiorl The provision of 0r dementia Services. MCF Masonit Charitabie The provision of our befriendin8 services. LondDn Freema50ns Thi5 funding supportsa Éroup for people Iivingwith dementia. 21
NOTESTO THE FINANCIALSTATEMeNTS continued FOR THE YEAR ENDED 31st MARCH 2025 12. ANALYSIS OF NET ASSETS B ThEN FVNDS. 31.03.25 UDrestrirtd Dsi¥nathd Restrl(Itd F¥nd5 Fund5 2015 Totsl Tangible Fixed Assets Cbrrent A55eis l.D17 382,956 130.979 352.994 36.259 310.000 37.276 702.956 130.9791 709.253 10.000 .259 10.000 ANALYSIS OF NET ASSETS BETWEEN FUNDS- 31.03.24 UThie51rkW Denated Astrittsd FuThds Funds Funds 2024 Total Tangible Fixed Assets CuttÈni Assets 2.814 419.284 45.331 450,0(X) 48,145 888,659 168,8651 B67.939 19.375 353,233 495,331 19.375 PENSION COMMITMENTS The charity commited up to 5% of gross salaries Into the NEST pension scheme a53pproved by the 8oard of Trusiees. The pensionstost thar8e rÈpresent5 the coniributlQn5 paid bythE charity intothe scheme and amounted tD £20.444 12024- f17,9381. At the end of Ihe year the balance due to the pension provider wa5 £Nil12024 £NIll RELATED PARTY TRANSACTION5 Thère were no relèted party transactions in the year 15. OPEKATING LEASE COMMITMENT Thtrch8¥ltyh8d totgl¢ommitm8nts ai thB pBriod end under optraring lea$e$ expirin8 85 tollow$.' 2025 2024 Less ihan l ye3r 2-5 years 18.600 12.400 31.( 18.600 31,000 49.600 16. TAMATION The ch8rit8ble cornpany Is reÉi5teFed as a ch&rity8nd allof It8 incomelalis wrthin thB exBrnpiion under Part 11 of the Corporation TaxAct 2010. 17. CONTROL Throughoutihe yearthe charityW¥$ controlled byitstrustees. SMARÉ CAPITAL The ¢harity Is 8 cornpany limited by guai8ntee and has no share capitBI. 22
COMPARATIVE STATEMENT FINANQALAcnvmES-YEAR TO JI MARCH 2024 Yw 31 M•ryh 2024 Ymi•Md 31 M•rth 2023 T Fyr IIKOME ANO ENIXMIMerns FAOM: 764,663 151.583 916346 176.232 186.785 363.017 Fundr•5 InVestr1 1me BtYou¢h 01Southwark 41. 13.392 120,862 41.6 13.392 I2062 3,713 138.656 3.713 138.656 TOT INCOME 3685 116.715 5¢3M70 EXPENDITURE F*OM: 247.820 638,7 399,729 227,S32 627.261 23,978 23.978 22.692 22.692 414.158 247 227.532 •J53 525WS 1962 140.7471 Recon¢llht4M olFUrs'. Totsl Fth atthe start ofthtyeii 322M9 115.612 43&511 481.635 156.359 Tot&l Fundsattheeryl olihtyear ,375 167.939 115.612 45•,511 ThèStiternEntof FInalI1 A¢lrtIo5 ihtludES all VI4dI0$SeS retqnlsed In the YUT