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 Ma￿h 2024
Tr*41
ur￿¢¥111￿Cd
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 ASS￿5 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 S￿blert 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
Netf*5h Prov￿￿ed 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
681￿32
836.875
Re¢0￿11$at10n of I￿t Irb¢omeio netwh flow from operatingactlyl￿s
2024
2023
Net in¢ome foi the reportin8 peri(¥J
Depreciation ¢h¥rees
Divldends and Interest froTh ifTrvestm*nrs
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

No
YO THE
INANCIAL STATEMENTS
FOA THE YEAR ENDED 31st MARCH 202S
I. thC¢OVNTINS POLICIES
is of Pr•par4tion
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P3ymefits midp undercperitin8lÈases arÈchar8edl¢ the Statempni of Finanrial Actiwtiu astrè*ht Ilnt basi5 over
th¢ lease term.
Crltl¢•l*¢¢tyunth¥¥lud8*mènts *hd*Oy•Ourr¢* DI Eltim•lloTrunÈ•rtalDty
bout IhÈtorwry valup pf oSSet>aDd 14èblitie5 Ihètarenot re￿Ily￿p￿arenI from othei Sources. Thee5tim&tesand
underlwA8 assumptions are ba5od on historical expenencoand othei fxtOr5that èle considored to bÈrèlevèng Ativèl
Theestimètes and vnlèrlvi08 è£SumptiOtsS èieiewewed on an on8dn8 bèsls ReviSiOrtst¥acc¢YJntin4e5timatÈs•i
re(￿￿1$e￿ its the peTiod In whichthp25tiffl4teis revI￿d if the rev15￿￿ aflects onlythat penod. or In the perknrt olthe
1ThtheYi￿*0f t￿trUSte¥. no assumMi¢ns¢oh¢erning thpfuture Dre5timatiQn Uh¢enaintyèfle¢*Jn8a5￿l50[ liatrAlitiÈS
a*thebalarfe sheet dale ale likdy to result In èrnaterlal adiu5tmeTht iotheil carrwNam￿n1SlTr the Ibnanclè￿Yea

TOTNE FINANCIAL STATEME
THE YEAR ENDED alrt MARCH
V(WMTARY114COME
2024
Tot•1
Natlonal LIJtt￿co￿m￿1ty Fund
R(thrt mrAlP+￿ Founthtion
Southwark Courfil INtl8hbourhood Fvnthl
Clty Bri¢*e Fr￿n￿tIDN
The Utth F•m1￿- rntwrie5
Southww* Adult Sotthl Care
MCF ￿•￿nIC Ch•rh*b
London Fr*emi￿r
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
5r*rthw•rk ¢ouKII
3,715
The 0ulwlch￿ffill￿ Tr￿1
Unlied stSaYk￿r,$Ch*ilty
Gtheld Wt$1¢￿ Frrtmthtion
(￿aT(OmmunIty W•b Cl
Mer¢ersTrust
Southw4fkCh•rt1￿
Thpsobetl FtyJthd•iK
The Ellubrfhand Prirteh*erTru
Th? Henry 5miihCh•vlty
Mwrlmaritharlt*lAe F<NM)d•ri
lohn Hwstffl•n Trust
Franc15 Winharn f￿ndIt￿r$
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
RestrSc*ed
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
O*ett
Olh*v
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 PrO￿ssing
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 £60.0￿J12024- £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
D￿ht
Forward
CarTlod
Fo￿ard
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
Bro￿￿1
Qd
IKome
EKpEn&ture
Tr4Trslews
or¥Jard
Ur￿eStrI￿ed 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 (me￿￿hboufhood 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 P￿sS￿rE5 ènd uncertalnty.
Desi
naied Fund- new offices
This fund has been ser aside to cover the costs assotièied w￿h 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 s￿ling$ includiDÉ sheltered houslng and
local £ommunity centres
Cit Brid e Foundatiorl
The provision of 0￿r 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
UDrestrirt*d D*si¥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 De*nated A*strittsd
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￿
InVestr￿1 1￿me
BtYou¢h 01Southwark
41.
13.392
120,862
41.6
13.392
I20￿62
3,713
138.656
3.713
138.656
TOT￿ INCOME
3￿685
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 olFUr￿s'.
Totsl F￿th atthe start ofthtyeii
322M9
115.612
43&511
481.635
156.359
Tot&l Fundsattheeryl olihtyear
,375
167.939
115.612
45•,511
ThèStiternEntof FIna￿lI1 A¢l￿rtIo5 ihtludES all VI￿4￿dI0$SeS retqnlsed In the YUT