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 O￿l¢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 conSide￿d 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 nOn￿￿rrent 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