Conipany registration iiiimber.. 04969814 Charity registration nuniber.. 1109346 Age Concern Sandwich Centre for the Retired (A coinpany limited by guaraiitee) Aniiual Report and F inaiicial StaleiDents foi Ihe Yeai. Ended 31 Marcli 2024 Balchelor Coop Ltd Cliarlered Accoiinlanl The New, Barn Mill Laiie Easlry Sandwicli Kent CT13 OJW
Age Concern Sandwich Centre for the Retired Contents Refei'ence and Administrative Details Trustees, Report 2104 Independent Examiner's Repon Staienieni of Financial Activiiies 6107 Balance Sheet 8t09 Notes lo the Financial Sialeinents 1010 18 Charity statu5 10
Age Concern Sandivich Centre for Ihe Retired Referenee and Administrative Details Trustees J O Sneller Chaimian FRICS P G Graeme M.B.E., J.P. P Harris J E Franklin L C Odonahue J Males Secretary P G Graeme M.B.E., J.P. Charily Regi5tralion Nminber 1109346 Company Registration Number 04969814 The charity is incorporated in England and Wale5. Sneller House 19-21 Caiile Markel Sai)dwicli CT13 9AP Registered office Auditor Balchelor Coop Ltd Chartered Accouiitant The New Bam Mill Lane Eastry Sandwich Kent CT13 OJW Solicitoi's: Siilwell and Singleton Potier Sireet Sai)dwich CT13 9DR Bankers HSBC 9 Rose Lane Canterbury Kent CTI 2JP Page I
Age Concern Sandivieh Centre for the Retired Trustees, R¢port The trustees, wlio are director5 for the purposes of company law, present the annual report logether witl) the financial statements of the cliaritable conipany for the year ended 31 March 2024. Objectives aiid activities Tl)e objectives of Age Coiicern Sandivicli Cenlre for the Relired reinain uiichanged and al'e to promote the welfare of tlie over 50s in Sandwich and the surrounding villages, and offer chiropody, liairdressing, curative Iherapy, lalking therapy, bathing, hot niea15, trai)spoit, Meals on Wheels, Befriendii)g. Personal Independence Co-Oi'dinalOI- aiid ali advice service from the Day Cenlre. We also welcoiiie people who jiisi pop in for snacks and drinks. In additioi). we offei- a iyide range of social aclivilies both within the Centr¢ such as Chair Yoga and scrabble cliibs. The Chi¢f Ofticers work closely iviih ilie Sialutory Bodies siich as Kei)t Count)1 CoLinci I, Dover District Couiicil, Voluntaiy Organisalions. Genernl Practitioners. Carers and Fainilies in the llope that no one is lefi in need. Respite care for those livii)g with a Denienlia and tlieir carers is offered throiigh the Sunfloiver Cenii'e. The Centre liopes io expand on ihis highly successfiil service. The Day Cenire is managed by Ben Garrnii who is our Chief Officer. Ben mai)ages the Day Cenlre Manager, Sui)flowei' Cenire Manager. siaff and a ieam of volunieers who work to fulfill our aims. All Staff ivork exceptionally ivell as a well organised team 10 provide probably ihe best Age Concern facilities ii) Kent. We are also Friends ot"Age UK. We have a curreiit Healih & Safety Policy and ali up-lo-date Fire Procedure. We have adopted ali Equal Opportlinities Policy. All policies li<ive beeii Ilioroughly revieiyed in the last )'ear aiid are all up to dale. Publie benef)1 The ti'iislees coiifiimi Ih<?t they have coiiiplied wilh the requii'emenls of seclion 17 of ihe Chai'ilies Aci 201 I to have due I'egard to the public benefit guidance published by the Charlty Comini5sion for Englaiid and Wales. Achievements perforniance Age Concei-n ivas set up in 1980 and since April 151. 2004. the Centre has been operated by Age Concern Sandwich Cenlre for Ilie Retired. a coinpany limited by guarar)tee and has regisieied this coinpany with the Charities Comini5sion. As stated in pi'evious year5 are iinabl¢ to extend our facililies further due lo ihe slruclurdl size of tlie pren)is¢s. Howevei. Ive continue 5triviiig lo maintain a comfortable, cleaii aiid iyelcoining Centre for oiir clients. All slaff has received appropriate Iraiiiing in all aspecls of their job5 and further trainii)g is planned. Age Concern Sandwicli Ceiilre for the Retired nins tivo Charity Shops in Sandwicli whicli are vital in financially supporting Ihe Day Cenrre. The Charity Shops iii Maiket Slreel and Cattle Market continue to Inake a great contribution to the Centre'5 finances. Botli the Day Centre and Charily Shops conlinue to rely heavily on the invaluable help giveii by our volui)leers Ivho work tirele5s1y for oiir cause. These volunteers are overseen by the Day Cenlre Chief Ol¢er, and he has day to day responsibilily for all matters telating lo the Centre and Charity Shops. Noiie of our voluiiteers are expecled to lift, bath OT toilet any clienls due to ihe facl that the wnajorily are elderly people tlie1115elves. They do hoiyever iiork in our Hairdressing Salon, the Maiii Ceiilre, Ihe Tea Bai., Mea15 on Wheels, Befriending and Cliarity Shops. Page 2
Age Concern Sandwich Centre for the Rctired Truslees, Repoi* Finaiieial revieii, Age Coiicei-n Saiidwich Centre for the Relired lias no longer lias an annual 8rai)I froin Kent Couiily CoLincil Social Services. The Tiuslee5 conliniie lo I'eview fully tlie finances of the Cliai'ity. F'unds a raised froni grani givei's and Dover District Council have beeii Lyenerous with a one-olT payinents of £48.570 and £6,034 which have been assigi)ed to fulfil the needs of Ihe elderly of Sandii'ich aiid surrounding villages. In addition lo these paynients a legacy of £104,223 was received which will be Ulilised to refurbish the iipper floor of the Ceiitre as agi'eed by the Tru51ees. The assets held by Age Concern Sandwicli Centre for The Retired ivill coiitinue to be used to carry out the Cenlre's objectives. During Ihe year inconie exceeded expenditure by £186,822 increasing the reserves brought fotivard of £773,717 to give cumulative reserves at 31 March 2024 of £960.539. Policy on reserves Our policy is to continue building up reserves to a level by means of annual operatiiig surpluses and judicious Inanageiiient of OLir investiiienl assets. There are plans for iijajor capital investineiits and expeiiditure ii) the coinii)g yea13. Sli'ueture? governgnce gnd management Recruitment and appoiiitment of trustees The centre has policies and procedures in place foT recruiling and iiiduciioii. and training of neiv Trustees. Arrangemcnts for setting key managemelli personnel remuneration Reiniinei'ation of staff al all levels is reviewed al lea51 annually in accordance with policies set out and agreed by Trustees and in accordance with Governiiieiil Legislation on Livillg Wage. Organisalional structure In relation to the structure and adininistration of tlie Trust and the Company, there have been no clianges since our report last year. The assets of the company are vested in company-registered Iilimber 4969814 nanied Age Concern Saiidwich Centre for the Relired. Tlie coi)Ipany is liinited by giiai'aiilee and is registered as a charity number 1109346. Moderni7Ation of the Centre We conliniie to improve the existing Cenlre and niake our facilities attractive nol only to our existing clienis bul lo ihe public in Sandwich li) general. We have a rolling iiiaintenance prograin and plan to gei)erally improve il)e 01)dilion of (he Ceiitre lo increase ils popularity. The legacy Jncntioned earlier in ihis report will assist Ihis. Fuiid Aceounting Tlie directors maintain a restricted fund io cover the runniiig costs inciirred in respect of the Ininibus. Appeal Funds raised will also becoiiie restricted funds Risk ManAgement The Trustees examine ihe Inajor risks thai ihe Cl)arity faces each finaiicial year when preparing and updalii)g the strategic plan. The Charity is developing systein5 to Inonilor aiid control Ihese risks lo miligale any inipact ihat they may have on the fviure of Age Conceni Sandwich Centre for The Retired. Page 3
Age Concern Sandivich Centre for the Retired Trustees, Report Connected Charities Age Concern Sandm'ich Cenlre for The Retired is an auionomous CharilS'. Our associalion iviih Agc UK is Plirely ii) an advisory capacity. Small coiiipanies proi'ision slatenienl Tl)is repoi'l lias beeii prepared iii accordance 'Ith ihe small companies regime uiider the Companies Act 2006. Statement of Rc5ponsibilities The Irlislees (iylio al'e also (lie direciors of Age Concern Sandii'ich Cenlre for Ihe Retired for the purpose5 of conipany law) are responsible for preparing Ihe Iru51ees' report and Ilie finaiicial slalemeiils in accordance iyith applicable laii, ai)d United Kingdom Accouiiling Siandards (United Kiiigdoin Generall}, Accepted Accounting Pi'actice), incliiding FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Conipany laiv reqliires Ilie Iruslees lo prepare fiiiancial slaienienls for each financial year. Under ¢onipai)y laiv (he Iruslee5 mLisI nol approve the financial slalemenls unless the), are satisfied that il)ey give a Iriie and fair vieiv of the stale of affairs of the charitable coiiipan), aiid of Ilie incoining resources and application of resolirces, incliidiiig ils income and expenditure. of the charitable company for that period. In preparing ihese financial staleinenls. the trustees are required lo: select suitable accouiiling policies and apply iheni consistenily; observe the methods aiid principles in ihe Charilies SORP: make jiidgenienis and e5timaies Ihai are reasonable and prudent- state iyliether applicable accountiiig slaiidards, comprising FRS 102 liave been folloived, subject lo any nialerial departlires disclosed aiid explained in the financial slat¢m¢nls' and prepare tlie fincincial staieinents on ihe going concern basis unless li is inappropriate lo presume Ihai the charitable coinpaiiy M'ill coi)IlllLie in bLisinesS. The Irustees are responsible for keeping proper accouniing records Iliat can disclose il'ith rea501iable accuracy at any liiiie Ilie fii)ancial posilion ol- ilie chariiable compan), and enable Ihein lo ensure tliat ilie financial 5taleineiits coiiiply i%'iili the Coinpanies Act 2006. The!, are also responsible for saf¢guarding Ihe assets of Ihc charitable company and hence for laking reasonable sleps for the prevention and deieclion of fraud and oiher irreLJiilariiies. The trustees are responsible for th¢ mainienaiice and integrity of Ilie corporate and financial inforiiialion included on Ilie charitable coinpany's ii'ebsiie. L.egislalion governing Ilie preparation and dissemination of fiiiai)cial stalenienls may differ froni legislaiion in other jurisdiclion5. The annual report ivas approved by the trustees of the charity on July 2024 and signed on ils behalf by.. J O Sneller Chairman TrRICS Trustee PGG enie M.B.E., J.P. Company Secretary Page 4
Age Concern Sandii'ich Centre for the Retircd Independent Examiner's Report to the trustees of Agc Concern Sandii'ich Centre for the Retired ('the Company,) I report lo th¢ charily trustees on my exaniination of the accounts of Il)e Coiiipaii), for ihe year ended 31 March 2024. Responsibilities and bAsis of reporl As the cl)aril) s trustees of the Coiiipany (and also ils directors for the purposes of coiiipan), laiy) you are responsible for Ihe prepardlion of Ihe accounts in accordance ii'iili Ilie requireineiils of the Coinpanies Act 2006 ('Ilie 2006 Act,). Having 5alisfied niyself Ihal the accounts of Ihe Coinpany are iiot required to be audited under Part 16 of the 2006 Act and are el igible for independeiil examinalion, I repori in respect of Iny exaniinalion of your charity's 3¢counls a5 carried out under seclion 145 of Ihe Charitie5 Act 2011 ('Ilic 2011 Act.). In carry'ing out my exai)iinalioii I have folloived the Direction5 given by Il)e Cliarity Con)mission undei. seclioi) 145(5)(b) of Ihe 2011 Acl. Indepcn(lenl exaininer'5 Statement Since Ilie Coinpan}I's gross inconie exceeded £250,000 your exaininer niusl be a nieinber of a body lisied in section 145 of the 201 l Act. I confimi tl)al l am qualified to iiiiderlake th¢ exaininalion because l aiii a Ineinber of Batclielor Coop Lid, which is one of the listed bodies. I have coinpleled my examinalion. I confirni that no mailer5 have coine to my attention in connection with the exainination givingy me cause to believe.. accounting records 'ere not kept in respect of Age Concern Sandii'ich Ceiilre for Ihe Retired a5 required b), section 386 of the 2006 Act. or 2. tlie accounts do not accord iyith those records. or 3. the accounts do not comply ii'iili Ihe accounting requireniei)1s of 5eclion 396 of the 2006 Act oilier Ilian an), I'eqLiircinenl that the accoiin15 give a "true and fair vi¥ii ii'liich is iiol a iiialler considered as part of ali independent examination: or 4. Ilie accouiits l)ave i)ot been prepared in accordance ii'iili Ilie Ineiliods and priiiciples of tlle Sialemei)l of Recoinniended Practice for accounting and reporting by cliarilie5 lapplicable to charities preparinLI Ihcir accounts in accordance with ihe Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102)]. I have iio concerns and have coiiie across no other maltcrs in coniieciion i%'iili ihe exaniiiialioi) lo whicli atlenlion sliould be draivn in thi5 report in order to enable a proper understanding of the accounts to be reached. _ ffl.JL Graliani Rci)i)¢lls Independent Examiner Chartered Accountant Balclielor Coop Ltd The Neiv Barn Mill l.ane Saiidwicli Kent CT13 OJW 5 Aligusl 2024 Page 5
Age Concern Sandivich Centre for the Retired Statemcnt of Financial Activities for thc Year Ended 31 Mareh 2024 (Including Incoine and Expenditure Account Statement of Total Recognised Gains and Losses) Total 2024 Totgl 2023 Unrestricted Restricted Note Income an(1 Endoivments from: Doi)ations and legacies Charitable aclivities Inveslinent incon)e 245,933 450,388 5.947 7,111 8.204 253.044 458.592 5.947 108,800 400,663 998 Total Income 702.268 15,315 717,583 510,461 Expenditure on: Cl)arilable activities (505.659) (48.764) (554.423) (475,657) Total Expenditure (505,659) (48,764) (554,423) (475,657} Net income/(expendituit) Other recognised gwins and losses Gainsllosses on investinent assets 196,61)9 (33,449) 163.160 34,804 23.662 23.662 Nel movenient in fuiids 220,271 (33,449) 186,822 34,804 Reconciliation of funds Total fiiiid5 brouglil forivard 627.931 145.786 773.717 738.913 Total funds carried forward 19 848,202 112,337 960,539 773,717 The noies on pages 1 O to 18 forni an inlegral part of these financial stateiiienls. Page 6
Age Concern Sandivieh Centre for the Retired Statement of FinanciAI Activities for the Year li nded 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recogniscd Gains and Losses) Uiire5tricted funds R¢stricled fund5 Total 2023 Note Income and Fndoivments from: Doiiatioiis and legacies Charilable activities Invesln)ent ii)con)e 88.672 400,063 998 20.128 108,800 400.663 998 Total iiicome 490,333 20,128 510,461 Expenditure on: Cliaritable activities (430,732) (44,925) (475,657) Total expenditure (430,732) (44,925) (475,657) Nel income/(expenditLire) Net InOVClT]enl in flinds 59,601 (24,797) 34,804 59,601 (24.797) 34,804 Reconciliation of funds Total funds brought foriyard 568.330 170,583 738,913 Total funds carried forward 19 6*7.931 145,786 773,717 All of tlie charity's activities derive froin continuing operations during the above Iwo periods. The notes on page5 1 O to 18 forni an inlegral part of these financial statemenls. Page 7
Age Concern Sandivich Centrc for the Retired (Registration number: 04969814) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assels Tangible assels Investinenls 421.671 274,568 419,230 12 696,239 419,230 Current assets Stocks Debtors Cash at bank aiid iii hand 14 1,400 14,784 261,306 900 345,773 277,490 358,384 Creditors: Amounts fallillg due within one year 16 (13,190) (3,897) Nel current assets 264,3 154.487 Nel Assels 960,539 773,717 Funds of the charity: Restricted income funds Restricted flinds 112.337 145.786 Unrestricted income funds Unresiricted fiiiids 848,202 627,931 Total funds 19 960,539 773,717 The nol¢s on pages l O to 18 form an integral part of these financial statements. Page 8
Age Concern Sandivich Centrc for the Retired (Registration number: 04969814) Balancc Sheet as at 31 March 2024 For Ilie fiiiaiicial }'ear endiiig 31 March 2024 ilic charily ivas entitled to exeniplioii froin audit uiider section 477 of Ihe Coinpanies Acl 2006 relating lo sniall companies. Direclors, responsibilities.. The meinbers have not required Ihc charity to obiain an audit of ils accounls for the year in question in accordance with section 476; and Tlie direclors acklloKvledge ilieir respoiisibilities for coinplyiiig iyiih Ilie requireineiils of ihe Act ivith respecl lo accounting) record5 and the preparalion of accounts. I'he financial slateiiienls on pages 6 to 18 M'ere approved by the trlislees. and auil)orised for issue on 22 Jiily 2024 and signed on Ilieir behalf by: J O Sneller Cliairinan FRICS Trustee Graeine M.B.E., J.P. Truslee The notes on pages l O 10 18 fomi an integral part of Ihesc financial statements. Page 9
Age Concern Sandivich Centre for the Retired Nofes to tlie Financial Statements for the Year Ended 31 March 2024 I Charity status The charily is limiled by guaraiitee, incorpordted in England and Wales, and consequently does not have share capital. Each of the trustees 15 liable to conrribute ali aniount not exceeding £1 O towards Ilie assets of tlie charity in tlie event of liquidation. 2 Aceouiiting policie5 Summary of Significant accounting policie5 and key accounting e5tiniales The priiicipal accounting policies applied in the preparation of these financial slalenients are set out below. These policies have been consistently applied to all the years presenled. unless otl)envise staled. Statement of compliance Tl)e financial statements liave been prepared in aecordai)ce with Accounting and Reporting by Charilies: Sialen)ent of Recoininended Practice (applicable lo chariiies pi'cparing their accounts iii accordance willi Ilie Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Cliarilies SORP (FRS 102)), the Financial Reporting Siaiidard applicable in Ilie UK and Repiiblic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparatioi) Age Concern Sandwich Centre for the Retired meet5 Ihe defiiiilion of a public benefil entiiy under FRS 102. A55et5 and liabilities are inilially rccogni5ed at hislorical cost or Irdnsaction value iinless otherivise stated in the relcvant accoiiiiting policy notes. Going eoncerii Tlie Irustees consider that there are no Inaterial Iincertainties about ihe charity's ability lo continiie as a going conceri) nor aiiy significant areas of iincertainty ihal affeci tl)¢ carrying value of assets held by Ihe cliarily. Exeinption froin preparing a eash noiv statement Tlie charity opted to early adopt Bulletin I published on 2 February 2016 and have tlierefore not included a cash flow statement in these financial slatenients. Income and eiidoivmentS All incoine is re¢ognised 01)ce ihe charity ha5 enlitleineiil to Ilie incoine. it is probable that ihe inconie will be received and the aniounl ol the iiicome receivable can be Ineasured reliably. Doiiation5 aiid legacies Donation5 are recognised when the charity ha5 been nolilied in writing of both the amounl aiid seltleinei)I dale. In the evenl that a donation is siibjecl lo coi)dilioiis tliat require a level of perforiiiaT)ce by Il)e charity before the hai'ity is entitled lo Ihe fiinds, tlie incoime 15 det'erred and nol recogiiised until either tliose conditions are fiilly niet, oi. tlie fulfilinent of those condilions 15 wholly within Ihe control of the chariTy and it is probable thai Ihese condilions will be fulfilled in the reporting period. Page 10
Age Concern Sandwich Centre for thc Retired Notes to the Financial Statements for the Year Ended 31 March 2024 Granls reeeivable Grants are recognised when the charity has an enlitlement to the funds and any condition5 linked to tlie graiits liave beeii Inet. Where perfonxance conditions are attaclied to the granl and are yet to be met, tlie incoine is recogiiised as a liability aiid included on the balance sheet as deferred income to be released. Gift aid Iiicoining resources from tax reclaims are included in ihe Statemcnt of Fin&i)cial Activities at the saine line as the gift to which they relate. Jnvestment Éncome Dividends are recogiiised once the dividend has been declared and notificalion ha5 beeii received of the divideiid due. Expenditurc All expenditure is recognised once there 15 a legal or construclive obligation lo tliat expenditure. it is probable seltleineiil is reqiiired and the amount can be measured reliably. All c05t5 are allocaled to the applicable expenditure heading that aggregate similar costs to that cat¢gory. Wlicre cos15 caniiol be directly altribuled lo particular lieadings ihey have been allocated on a basis coI)sislent with tlie use of resoiirces. with ceniral staff costs allocated on the basis of tiin¢ speiil, and deprecialioii cliarges allocated 011 the portioii of the asset's iise. Othei. support costs are allocated based on the spread ofstaff costs. Charitable activities Cl)arilable expenditure coinprises those c0515 inciirred by ihe charity in the delivery of its activities and service5 foi. ils beneficiaries. It includes both cost5 Ihat can be allocated directly to sucli activities and those costs of an indirect nature necessary to SLlPPOrt them. Support costs Support costs include central functions and liave been allocated to activity cost calegories on a basis consisient with the use of resources, for example. allocaiing property costs by floor area5, or per capila, staff costs by the liine spent and other costs by their usage. Ta%#tion The cl)arity is conSided to pass tlie tests sel out in Paragraph I Scliediile 6 of the Fiiiance Act 201 O aiid Il)erefore it nieets the definition of a cl)arilable coinpany for UK corporation lax purposes. Accordingly, tlie charily IS Potentially exenipt froin taxation in respect of income or capital gains received withii) categories covered by Chapter 3 Part I l of tlie Corporalion Tax Act 201 O or Section 256 of the Taxation of Chai'geable Gains Aci 1992, 10 the exlenl that such income or gatiis are applied eAclu5ively lo charitable purposes. Tangible fixed assets Individual fixed assets cosling £200.00 or inore are inilially recorded al cost. Depreciydtion aJnorli5ation Depreciaiion is provided on tangible fixed asse15 so as to write ilie cost oi- valuation, less ai)y esliii)ated residual value, over their expected useful econoinic life as follows- Assel cla55 Fixtures, fittings and eqiiipinenl Depr¢eiation method and rate 25Yo on ii'ritlen dowii value Page 11
Age Concern Sandwich Centre for the Retired Notes to the Finaneial Statements for the Year Ended 31 March 2024 Fixed asset investmeijts Fixed asset investments. other Ihan prograinnie related investwnenls, are included at Inarket value ai the balance sheet date. Reali5ed gains and losses on inv¢slmeiils are calculaled a5 the difference beiweei) sales proceeds and their market value al the start of the year, or iheir subsequent cost, and are charged or credited to the Statenienl of Financial Activities in tlie periixl of disposal. Unrealised gains and losses represent the niovenienl in market values during the year aiid al'e credited or charged to the Siateiiient of Finaiicial Activities based on the market value ai the year end. Stock Slock is valued ar ihe lower of cost and estimated selling price less costs lo complete and sel I, afier due regard for obsolete and slow moving stocks. Cos¢ is detennined using Ihe firsl-in. first-oilt (FIFO). Debtors Debtors are amoiinls due from cilstomers for merchandise sold or services perfon)ied in tlie ordinary course of b115ine5S. Cash and cash equivalenls Cash and casli eqiiivalents comprise cash on hand and call deposits, and other short-lerm hig]Ily liquid investiiient5 Iliat aTC readily convertible lo a known amount of cash and aiT subject lo an insignificaiit risk ot cliange in value. TrAde creditors Trade creditois are obligations io pay for good5 or services Ihat have beeii acquired in the ordinary coiirse of biisiiiess fi-om siippliers. Account5 payable are classified as curreiil liabilities if the charity does iiot liave an uncondilioiial riglit, al tlie end of the reponing period, lo defer Settlement of ihe credilor for al least twelve months after Ilie repoFliiig date. If there is an unconditional riglil to defer selllement for at leasl Iwelve months after tlie reporting dale, Iliey are presented a5 nOnrrent liabililies. Trade creditor5 are recognised initially al the transaction price and 5ubsequentl)' measured al amorti5ed cost Using the effective interest m¢thod. Fund 5triictiire Unrestricted incoine fund5 are g¢neral funds that are available for use at the Irustees discielion in furilieraiice of the objectives of11)e cl)arity. Designated funds arc Linreslricled funds sel aside for specific purposes at the discretion of the trustees. Restricted iiicome fund5 are those donated for use in a pailicular area or for specific purposes, the use of which is resti'icted lo that area or piirpose. Page 12
Age Concern Sandiyich Centre for the Retircd Notes to the Financial Statements for the Year Ended 31 March 2024 3 Incolne (roiii (lon2tions an(1 legaeies Unrestricted Total 2024 Total 2023 Designxled General Restricted Grants, iiicluding capital Trants. Grants received General doiialions, gifts and legacies 123,657 123.657 88,008 122,276 129,3 87 20,792 122,276 123.657 7,111 253,044 108,800 4 Income from charitable activities Unrestricted runds General Restricted funds Total 2024 Tolal 2023 Sales of donated goods Sei'vices and aclivities 157.917 292.471 157.917 300,675 18,152 282,511 8.204 450.388 8,204 458,592 400,663 5 liivestInent income Unrestricled funds General Tolal 2024 Total 2023 Iiitere5t receivable and similar Tncome- Interest receivable on bank deposits Oihei. inconie froin fixed asset investments 5,245 702 5,245 702 998 5,947 5,947 998 6 Expenditure on charitable activitie5 Mallagement and dminstration Cliaritable actii'ities Total 2024 Total 2023 Expeiiditure (nieals) Centre services and activities Carer and ancillary staff salaries Renl and rates 62,041 4,962 283.998 27.202 Page 13 62,041 4.962 283,998 27,202 47,144 4.669 259,313 26,524
Age Concern Sandivi¢h Centre for th¢ Retired INotes to the Financial Statements for the Year Knded 31 March 2024 Managenient and admins¢ration Charitable aclivilies Total 2024 Totxl 2023 Ligl)I, lieal and powei- Repairs and maintenance Depreciation Iiisurance Telepholle and fax Siationery and adveixising Legal and piofe55ional fees Adininisiraiion staff salaries Computer software and maiiileiiance costs Eqiiipiiient rental Sundry expenses Cleaiiing Transport expenses Accountancy and independent exaininer Bank Charge5 PAYE interest 23.096 1.307 5,021 8,157 23,096 11,307 5,021 8,157 1.944 9,926 10,007 71,008 8,932 14,654 4,186 6,961 1.754 3,271 14,651 54,185 9.926 10,007 71,008 6.039 1,614 3.224 9,646 5.072 6.039 1,614 3,224 9,646 5,072 7,052 1,367 5.373 5,358 2.51 5,507 4,6(M) 52 5,507 4,6(Kl 52 4,770 2,979 447.661 106,762 554,423 475.657 £505.659 (2023 - £430,732) of the above expeiiditUlE was attributable to unrestricted funds and £48,764 (2023 £44,925) to I'eslricted fuiids. 7 ]Yet ineorniiig/outgoiiiE resource5 Nel incoining resoiirce5 for Ilie >ear include.. 2024 2023 Depreciation of fixed assets 5,021 4,186 8 Trustees remuiieration and expe115es No trustees. nor any persons connected ivitli them. have received any reniuneralion fron) the charity during the year. 9 Staff cosls The aggregate payroll costs were as follows.. The monihly average iiiiniber of persons (ii)cludinu Senior Management I leadership team) eniployed by the charity during the year expressed as full liine equivalent5 was as follows- Page 14
Age Concern Sandwich Centre for the Retired Notes to the Financial Statements for the Year Ended 31 March 2024 2024 2023 Charitable activities Maiiageineiil and adminslration 14 14 No employee received emoluments of more than £60,000 duriiig ihe year. During tl)e yeai- tlie charily niade the folloH'ing Iran5aclions iviih key Inaiiageineni personi)el: Wages aiid salaries Tl)e Wages aiid salaries received remuneraiion of £355,006 (2023.. £i13,497) Wages and salaries are niade lip froin £337,237 (2023 £299.316) gross wages, £13,156 {2023 £10,585) employer's iiational insurance and £4,613 (2023 £3.596) einployer'5 pension coiilribution. 10 Taxalion The charity is a registered charity aiid is iherefore exempt from iaxalion. I l Tangibl¢ fixed assets Freehold properly And Improvement5 Fixture rjltings and equipment Total Cost At l Apiil 2023 Addilioi)s 406.762 67,949 7,462 474,711 7,462 At 31 March 2024 406.762 75,411 482,173 Depreciation Al l April 2023 Charge for thc year 55,481 -5,021 55,481 5,021 At 31 March 2024 60,502 60,502 Net book value At 31 March 2024 406,762 14,909 421,671 At 31 March 2023 406.762 12,468 419,230 12 Fixed a55et inve5tmenls 2024 Other inveslnienls 274,568 Page 15
Age Concern Sandivich Centre for the Relired Notes to the Financial Statements for the Year Ei nded 31 March 2024 Olher liivestnients Listed investnients Tot&1 Cost or Valuation Revaluaiion Additions 23.662 250.906 23,662 250.906 Ai 31 March 2024 274,568 274,568 Net book value Ai 31 March 2024 274.568 274,568 13 Related party transactions 14 Stock 2024 2023 Stocks 1.400 900 15 Debtors 2024 2023 Trade debtors Prepayinents 2,619 12,165 14.784 16 Creditors: ainounts falliiig due within one year 2024 2023 Trade creditors Oilier taxation and social security Other creditors Accrua15 2,020 3,340 7.689 2,390 1,366 13.190 3,897 17 Meinbers, liability Tlie charity is a private coiiipaiiy Itmiied b), guarantee and consequentl J, does nol have sliare capilal. Each of Ihe members is liable to conlribiite ali amoiint not exceeding £ l O towards the assels of ilie charity in Ilie evenl of liquida¢ion. Page 16
Age Concern Sandivich Centre for the Retired Notes to the Financial Statements for the YeAr Ended 31 March 2024 18 Obligations under leases and hire purchxse contracts Operating lease commitments Total futurc Ininii)iiim lease payn)ent5 under non-cancellable operating lease5 are a5 follows- 2024 2023 Land 2nd buildings Betiveeii one and five )'ears 49,0 63,000 Other Witli in one yeai. Belweeii one and five years 638 5,616 4,368 4,368 6,254 19 Fuiids Bxlance at I April 2023 Incoming resources Resources expeiided Balance at31 MY4rch 2024 U nrestricted funds Geiieral 447.386 603,654 (505,659) 545,381 Designated 180.545 122,276 302,821 Total unrestricted fulld5 627,931 725,930 {505,659) 848,202 Restricted funds 145,786 15,315 (48,764) 112,337 Tota I fuilds 773.717 741,245 (554.423) 960,539 Balaiice at April 2022 Incoining re5011rces Resources expended Balanee at 31 March 2023 Unrestricted funds General 391,782 486,336 (430,732) 447,386 De5igiialed 176,548 3.997 180,545 Total unrestricted funds 568,330 490.333 (430,732) 627,931 Restricted funds 170,583 20.128 (44.925) 145,786 Total funds 738,913 510,461 (475,657) 773,717 Page 17
Age Concern Sandwich Centre for the Retired Notes to the Financial Stalements for the Year Ended 31 March 2024 The specific PLirposes for which 11)e funds are to be applied are as folloiys: Funds are lield available foi. Ihe ordinary piirposes of the charity. The coii)pany has tivo restricied fiind.. l ) To cover the costs of the buildii)g exiension and modenlisation. 2) To cover costs of respite work for dementia siifferers. 20 Anal)'sis of iiet asse15 betiveen funds Unrestrieled rund5 GeD¢ral Total funds at 31 March 2024 Restricted fuiid5 Tangible fixed assets Fixed asset investineiits Current assets Curren¢ liabilities 341.003 274.568 245,821 (13.190) 80.668 421,671 274,568 277,490 (13,190) 31,669 Total net assets 848.202 112,337 960,539 Page 18