r){l¢ly i e r Company registration nuinber.. 04969814 Charity registration nuniber.. 1109346 Age Concern Sandwich Centre for the Retired (A company liniited by guarantee) Annual Report and Financial Stateineiits for tlie Year Ended 31 March 2025 Balchelor Coop Ltd Balchelor Coop Ltd The Neiv Barn Mill Lane Easlry Sandwich K¢nt CTI3 OJW
Age Conccrn Sandwich Centre for the Retired Contents Refereiice and Admiijislrative Details Trustees, Report 2105 ndepeiident Exaiiiiner's Report Sialemenl of Financial Activilies 7108 Balance Sli¢et 910 10 Notes to the Financial Slaleinents Cliai'ily Statiis
Age Concern Sandivich Centre for tlie Retired Reference and Administrative Details Trustees J O Sneller Cliairinan FRICS P G Graeme M.B.E., J.P. P Hai'ris J E Franklin L C O'Donogliue J Mal¢s SecrelAI'y P G Gra¢me M.B.E., J.P. Cliarity RegistrAtion Number 1109346 ConipAny RegistrRtion Number 04969814 Tlie charity is incorporated in England and Wales. Sneller House 19-21 Cattle Market Sandwich CT13 9AP Registered Olet Auditor Balchelor Coop Ltd Balchelor Coop Ltd The New Barn Mill Lane Easlry Sandwich Kent CT13 OJW Solicitors; Stilwell and Singleton Potter Street Sandwich CT13 9DR Bankers HSBC 9 Rose Lane Canterbury Kenl CTI 2JP Page I
Age Concern Sandiyicli Centre for the Retired Trustees, Report The trustees, who are directors for the pui'poses of coinpany law, present the annual report together witli the finaiicial stateinenls of the charitable company for the year ended 31 March 2025. Objectlve5 aiid hctivities Tl)e objectives of Age Concern Sandwicli Cenire for the Retired reinaiii unchanged aiid are to promote tl)e Welfa of the over 50s iii Sandwich aiid tlie siirrouiiding villages, aiid offer cliiropody, l)airdi'essing, cui'ative therapy. talking 11)erapy, bathiiig, hot Ineals, Iraiispoi'l, Meals on Wheels, Befriending, aiid ali infoi-iiialion aiid advice service froi)) 11)e Well-beiiig Centre. We also welcome people wlio jiisi pop iii for snacks and driiiks. In addition. we offer a wide l'ange of social activities both within the Ceiitre such as Chair Yoga and scrabble clubs. The Cliief Officers woi'k closely will) the Slaiul(Ii'y Bi)di¢s such as Kent County Coiincil, Dover Di%lrict Council. Voluiilai'y Organizations, Genei'al Praciilioiiers, Carers and Families in Ilie hope tlial no 01)e is lefi iii need. Respit¢ care for 11)ose living willi a Deimeiitia and Ilieir cai'ers is offered Ilirough tlie Sunflower Ceiilre. Tlie Ceiilre liope5 to expand on Iliis liiglily successful service. Overall responsibility for the financial, day lo day running and achieving ainis aiid objectives of Ilie charity is witli Il)e Chief oL¢er, Beli Garralt. The Cl)ief Ofticer i'epoils I'egularly to Il)e board of Trustees, wllo decide the strategic aims and objectives of tlie cliarily. Tlie Well-Beiiig Centre and shops are managed by Jackie Marsl) wlio is oiir opei'alioiis Inana%er. Deinenlia services aiid Sui)flow¢r Centre are Inaiiaged by Sally Barelay. Both operalions mai)ager aiid Deiiienlia services Imanager report to the Chief Officei. wlio reports to the board of Irusl¢es, All Stuff and voluiiteers work excepiionftlly well as an organised teain to provide probably Ilie best Age Concei'ii facilities iii Kent. We are also Frieiids of Age UK, All our e07npaiiy policies including l)ealili and safety, fire safety, safeguardiiig, financial, reserves, data pi'oleclion aiid privacy policy liave beeii Ihoi'oLiglily reviewed iii Ilie last year and are all up lo dal¢. Piiblic beiiefit Tlie Iriistees ronfiriii Iliat they liave coiiiplied iviih the requireineiils of section 17 of the Cliarilies Act 201110 have diie I'egard lo the public beT)efit giiidance published by Ilie Charity co][nISsio11 for Eiigland aiid Wales, Page 2
Age Concern Sandivieli Centre for the Retired Trustees, Report Achievements and performance Age Concern was set up in 1980 and since April I st, 2004, the Centre l)as been operated by Age Concern Sandwich Centre for the Retired, a compaiiy liniiled by guarat)tee aiid l)as registered this ¢ompai)y with the Charities Commission, As slated in previous years we are unable to extend our facilities further due to the structural size of the prei)iises. However, we continue striving to mainlain a coinfortable, clean, and welcoming Centre for our clients. All staff ha5 received appropriate training in all aspects of their jobs and further training is planned. Age Concern Sandwich Centre for the Relired runs two Charity Shops it) Sandwich which are vital in financially supporting the Day Cenlre. The Charity Shop5 iii Market Street and Caiile Market continue to make a greal contribution lo the Centre's finances. Both ihe Well-being Centre and Charity Shops continue to rely heavily on the invaluable help given by our volunteers wl)o work tirelessly for oiir cause. These voluiiteers are overseen by the opei?tions manager, who has day lo day responsibility for all matters relating lo the Well-being Cenlre and Charity Shops. None of our volunteers are expected lo lift, bath or toilet any clients diie to Ihe fact that the majority are elderly people themselves. They do however work in our Flairdressing S&lon, the Main Ceiiire, the Tea Bar, Meals on W])eels, Befriending and Charity Shops. Financial review Age Concern Sandwich Centre for the Retired has no longer lias an annual graiit from Kent County Coiincil Social Service5. The Trustees continue lo review fully, the finances of the Charity. Fui)ds are raised from granl givers aiid Dover District Council, who we operate the household support fund for. This fund was for £47,500 and was Lised to help the people of Sandwich aiid the surrounding towns and villages. The assets held by Age Concern Satkdwich Cei)Ire for The Retired will continue to be used to carry out Ihe Cenlre's obj¢cliv¢s. During tlie year, income exceeded expenditure by £19,645 increasing Ilie reserves brouglit forward of £960,539 lo give cumulaiive reserves at 31 st March 2025 of £980,184, Poltcy on reserves Our policy is to continue building up reserves to a level by means of aniival operating surpluses and judicious management of our invcslii)ent assels. There are plans for niajor capilal inveslments and expenditure in the coming ye¥dr. Tlii$ includes renovating disabled toilets and refurbishing the befriending café. The total cosl of these pi'ojecls will be li) the region of £40,000. Further plans to refurbisli tlie trealinent room and hairdressers will be dis¢iissed by the trustees during the next 12 months, Structurei governance and management Recruitment and appointment of trustees The centre has polioies and procedures in place for recruiting and induction, and training of new Trustees. ArrAngement$ for setting key management personnel remuneration Remuneration of staff al all levels is reviewed al least annually in accordance with pollcies sel out and agreed by Trustees and in accordance with Gov¢rnment Legislation on Living Wage. Page 3
Age Concern Sandivich Centre for the Retired Trustees, Report OrgAnisotiono1 slructure In relation to the strucllire and admiiiistratioi) of tl)e Trust and the Compaiiy. there have been no changes SiT?ee our report last year. Tlie assets of tlie coii)paiiy are vested in coiT)pany-registered number 4969814 named Age ConceiT) Sandwich Ceiilre foi. tlie Retired. Tlie coinpai)y is liinited by guarai)lee aiid is registered As a charity nui))ber 1109346. Modcrnization of the Centre We continue lo improve the exisling Well-Being Ceiitre and inake our facilities attractive not only lo our existiiig clients but to the public iii Sandwich in general. We liave a rolliiig niainlenance pi'ogram and plan to genei'¢illy iinpi'ov¢ the ¢oiidition of th¢ WLII-bLing Ccnli'L lo in¢r¢ase its popularity. Fund Aceouiitliig Tlie directors Inaintain a restricted fuiid lo cover the riini)ii)g costs ii)cuiYed in respect of the minibus. Appeal Funds raised will also becoine reslricled fui)ds Risk ManAgemeiit The Ti'ustee5 exainine tli¢ ii)ajor risks thal Ilie Charity faces each financial year when preparing and updaling the strategic plan. Tl)e Charity is developing sysle1115 to Inonitor aiid conti'ol Iliese I'isks to Initigale ally iinpacl that Il)ey may have oil the future of Age Concern Sandwich Centi'e for The Retired. Coiinected Cha Yllle$ Age Concern Saiidwich Centi'e foi. The Relii'ed is an autonomous Charity. Our association wilh Age UK is purely in ali advisory ¢apa¢ity. SMAII eoiiipanies pi'ovlsS011 stAleinent This report l)as beeli prepared iii accordai)ce witli ihe sinall companies regiine under the Coinpanies Act 2006. Stfitcmciit of Respoiislbllllles 'I'he ti'ustees (who are also tlie directors of Age Concern Sandwicl? Centre for Ilie Relired for the piirposes of company law) are responsible for preparing tlie Iruslees, report and the financial slaleinents in accordance witli applicable law and Uiiiled Kii)gdom Accounting Standards (United Kingdorn Generally Accepted Accoiinlii)g Practice), including FRS 102 'The Financial Reporting Siandard applicable in the UK and Republic of Ireland" Coiiipany law requires the Iruslees lo prepare financial statemeiits for eacli financial year. Uiider company law the ti'ustees rnusl not approve the financial slateineiils unless they are satisfied that they give a true and fair view of the slate of affairs of the cliaritable coinpaiiy and of the incoming resoiirces and application of re5011rce5, including its income and expenditure, of the charitable coinpany for that period. In prepariiig these fJiian¢ial stalenients, the trustees are required to: select suitable accoiinling policies and apply Iliein coiisistenlly; obs¢rve th¢ iii¢ihods and principles iii the Cliarilies SORP; make jiidgements and estimates tliat are reasoi)able and prud¢nl' slate wliether applicable accoiinling standards, coiMpri5iiig FRS 102 have been followed, subj¢cl to any material departures disclosed and explained in tlie financial slatements. and pIEpare the financial slaleinents on the goiiig coiicerii basi5 unless it is inappropriate to presuim¢ that the liarilable coinpany will conliiiue in bustness. The tl'UStees are responsible for keeping proper accounting records that can disclose willi r¢asonable a¢¢uracy al any lime the financial position of the charitable conipany and enable them lo en5Ut'e Ihat Ihe financial 5taiemeiits comply with the Companies Act 2006. Tliey al'e also r¢spoiisible for safeguarding the a5se15 of Ilie charitable company and hence for taking reasonable steps for ilie prevention and detectioii of fraud and other irregulai'ilies. Page 4
Age Concern Sandwich Ccntre for the Retired Trustees, Report Tlie trustees are responsible for the Inainlenaiice and integrity of Ilie corporate and financial infonnation included on the charitable company's website. Legislation governing ili¢ preparation and dissemit)ation of financial Statements niay differ from legislation in other jurisdictions. Tlie aniiiial report was approved by the trusiees of the charity on 27 Jiine 2025 and Sied on its belialf by., J O Sneller Cliairrnan FRtcs TrLlStee raeme M.B.E.. J.P. Company Secretary Page 5
Age Concern Sandivich Centre for the Retired Independent Examiner's Report to the trustees of Age Concern Sandivieli Centrc for the Retired ('tlic Compéqny,) I report to th¢ chai'ily Irustees on my examiiialion of tlie accoiinls of the Company for lh¢ year ¢iided 31 March 2025. Responsibilities ai)d bASiS of report As Ihe cl)arity's trustees of the Coinpaiiy (and also ils dii'eclors for the pUOseS of cDmpany law) you are responsible foi. tlie pi'eparalion of the accounts in accordaiice with the requirei)ienls of tlie Companies Act 2006 ('Ihe 2006 Act,). Having satisfied Inyself that Ihe accounts of tlie Company are not required to be audited undei. Pai't 16 of the 2006 Act &nd al'e eligible for ii)dependent examination, I report iii r¢5P¢Ct of my exainination of your charity, accouiils as carried out under section 145 of Ilie Charities Act 2011 {'tlie 2011 Act,). In carrying out my exaininalioii I have followed (he Direclioiis given by Il)e Charity Corninission under section 145(5)(b) of the 2011 Act, Iii(lependent examlner's 5toteni¢nt Siiice the Coinpaiiy's gross incoine exceeded £250,000 your examiner It)usl be a ffle1ber of & body listed iii seclioi) 145 of Ilie 201 l Act. I confiriii Iliat l an) qUl¢ lifted to undei'lak¢ the examination because l ain a meinber of The Institute of Cl)artei'ed Accout)lanls in Ei)gland and Wales, which is one of the listed bodies. liave cornpleled my exan)inalion. l confirm 11)at no matters liave coine lo my attention in connection with ihe exaiiiinalion giving me cause lo believe.. I, accounting records were not kept iii i'especl of Age Concern Sandwicli Centre for the Relired as required by seclioii 386 of ilie 2006 Act. or 2. the accounts do not accord willi those records,, or 3. the arcounts do not coniply with the accounting requireimeiits of seclion 396 of the 2006 Act other than any requireillent tlial (he accounts give a 'true and fair view, wliich is not a matter considered as pai't of an independent examiiialioii, or 4. the accoiinls l)ave not been prepared ii) accordance with ilie Inelhods and principles of the Slalemeiit of Recominended Pracli¢e for accoiinting and reporting by cliarities [applicable lo charities preparing their a¢¢ounts in a¢coi'dan¢e with the Finaiicial Reportiiig Standai'd appli¢able in tli¢ UK and Republic of Irelai)d (FRS 102)], l)ave no coiicerns and have coime across i)0 oll)er mlliters in connection willi 11)e examiiiatioii to wliicli attention slioiild be drawn in Iliis repoi ii) order to ei)able a pi'oper uiiderstanding of Ilie accoui)Is io be l'eached. Grahani Rennells Iiidepeiident Exaininer Batchelor Coop Ltd Tlie Institute of Chaiyered Accounlanls in Eiigland and Wales The New Barn Mill Lane Easty Sai)dwich Kei)t CT13 OJW l July 2025 Page 6
Age Concern Sandivich Centre for the Retired Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and xpenditurc Account and Statement of Totli l Recognised Gains and Losses) Total 2025 Total 2024 Unrestricted Restricted Note Income and EndowmeI)ts from: Donations and legacies Charitable activilies Invesltnent incoine 81,725 527,320 12,248 81,725 577,883 12,248 253,044 458,592 5,947 50,563 Total Ii)¢oine 621,293 50,563 671,856 717,583 Expenditure oji: Charitable activities (587,123 (64,053) 651,176) (554,423) Total Expendilure (587,123) (64,053) 651,176) (554,423) Nel income/(expenditure) Other retognised gains and losses GAii)s/losses on investment assets 34,170 (13,490) 20,680 163,160 1,035 (1,035) 23,662 Nel movement in fund5 33,135 (13,490) 19,645 186,822 Recoiitllialion of fiinds Total fund5 brought forward Tolal funds carried forward 848,202 112,337 960,539 773,717 19 881,337 98,847 980,184 960,539 The notes on pages I I to 19 forni an integral part of these financial statements. Page 7
Age Concern Sandwich Centre for the Retired Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Cains And Losses) Unrestricted funds Restricted funds Total 2024 Note Income ndoivinents from: Donations and legacies Charitable activities Investment lllcoine 245,933 450,388 5,947 7,111 8,204 253,044 458,592 5,947 Total incoin¢ 702,268 15,315 717,583 Expeiiditui'e oii: Charil¢ibl¥ aclivilies (505,659) (48,764 (554,423 Total expeiiditure Gainsllosses on investment assets (505,659) 23,662 (48,764) (554,423) 23,662 Nel incoine/(expenditure) Net rnovement in funds 220,271 (33,449) 186,822 220,271 (33,449) 186,822 Reconciliation of funds Total funds brought forward 627,931 145,786 773,717 Tolal funds ¢ai'ried foNard 19 848,202 112,337 960,539 All of the cl)arity's activities derive froir continuing operations during tlie above two pei'iods, The notes oil pages I 110 19 foTm ali integral part of these financial statements. Page 8
Age Concern Sandivich Centre for tlie RetAred (RegAstration number: 04969814) BAlfince Sheet kls At 31 March 2025 2025 2024 Note Fixed assets Tangible a5setS Inveslinents 475,709 282,116 421,671 274,568 12 757,825 696,239 Current Assets Stocks Debtors Casli at bank and in haiid 14 1,700 15,571 210,898 1,400 14,784 261,306 277,490 228,169 Creditors: Amounts falling due within one yeRr (5,810) (13,190) Net current Assets 222,359 264,300 Nel Assets 980,184 960,539 Funds of the chArlty: Restrleted income fuiids Resiricled funds 98.847 112,337 Uiii'eslrlcted Incoine funds Unrestricted fvnds 881,337 848 202 TotAI flind$ 19 980,184 960,539 The notes on pag¢s I I to 19 foiTh an integral part of these fii)an¢ial 51alements. Page 9
Age Concern Sandivich Centre for the Retired (Registrfition number: 04969814) Bal4qnce Sheet as llt 31 Mllrch 2025 For tl)e financial year ending 31 March 2025 the chai'ity was enlitled lo exempiion from audit under sectioii 477 of tl)e Coinpani¢s Act 2006 relating to siy)all coiiipaiiies, Directors, responsibilities.. Tlie ineinbers l)ave iiot required tlie cliarily to obtain an audit of ils accounts for tlie year in qu¢5tion in accordance iviih section 476; aiid The directors acki)owlcdge theii. rcqponsibililies for complyiiig with the reqiiireinents of Ilie Act willi respecl lo accoiinling records and tlie p2'LPiif¢iliun of accoiinls, The financial statements oil pages 7 to 19 were approved by the Irusl¢es, aiid authorised for issue on 27 June 2025 and signed on their behalf by: J O Sneller Chairinan FRICS Trustee eme M,B,B,, J,P, Tru51ee The notes on pages I 110 19 forin ali integral part of these financial slatemeiits. Page 10
Age Concern SAndwich Centre for tlie Retired Notes to the Financial Statements for the Year Ended 31 Marcli 2025 Charity statu The charity is limiled by guarantee, incorporated in England and Wales, aiid consequently does not have share capital, Eacli of the trustees is liable to contribute an amount not exceeding £1 O towai'd5 the assets of the charity in the event of liquidation. 2 Accounting policies Summary of significant accountiiig policies and kcy Accounting estimates The principal accounting policies applied in the prepardtion of these finai)cial slalemenls are set out below. Tliese policies have beeii consistently applied lo all the years presented, unless otherwise slated. Statement of compliance Th¢ finoncial statements have been prepared in accordance with Accoiinliiig and Reportiiig by Charities: Siaiemenl of Recommended Practice (applicable lo charities piEparing their accoiinls in accordance with tlie Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Chdrilies SOIiP (FRS 102)), the financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basls of preparation Age Concern Sandwicli Centre for tlie Retired ineet5 the definitioii of ft public benefit entity under FRS 102. Assets and l labilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy notes, Going eoneei'n Tli¢ trustees consider that there are no material unceitainlies aboiil Ilie cliarity's ability to continue as a goii)g onG¢rn nor any sigiiificant areas of uncertainty thai afyect Ilie cai'iyiiig value of assct% lield by IIIL chai'ity. I xeniption from prepArlng a eash flow slxtement The cliarity Opled lo early adopt Bull¢lin I publislled on 2 February 2016 and liave tlierefore iiot included a casl) flow stateinent in these financial stateinents. IncDill¢ Y4nd cndoiyments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the ainount of the income receivable can be measured reliably. Donatlons and legacies Donations are recognised when the cl)arity has been notified in writing of botli the ainoiint and settlement date. Ii) the event that a donation is subject to conditions that reqiiire a level of perfonnaiice by the charity before the cliarity is entitled lo the funds, the incoine is deferred and not re¢ogiiised until either those conditions are fully met, or the fulfilinent of those conditions is wliolly within Ilie control of tlie charity and it is probable thai these cotiditions will be fiilfilled in tlie reporting period, Page 11
Age Concern Sandivich Ccntre for the Retired Notes to the Financial Statements for the Year Ended 31 March 2025 Graiits receivable Granis are recognised wlien the charity l)as ali entillenient to the flinds and any conditions linked to tlie grants l)ave been mel. Wliere perforniance coi)ditions are attaclied to the grant and al'e yel to be met, Ihe income 15 recognised as a liability and included on the balance slieel as deferred incoine io be released. Gift aid Incoining resources froin tax i'eclaiins are iT)cILtded in the Stateineiit of Financial Activities at Ilie saine inie a5 the gift lo whicli they relate. InvestIn¢nl Inconie Dividends are re¢ogi)ised once the dividend has been declared aiid notification has been I'eceived of the dividend due, Expeiiditu re All expenditure is recognised oiice there is a legal or con51ruclive obligation to Iliat expenditure, il is pi'obable setileineiil is requii'ed and the amounl can be Ineasui'ed reliably. All costs are allocated to tl)e applicable expendilLire heading that aggregat¢ similar cos15 to that Category. Where costs cani)ot b¢ directly allribuied to particular lieadings tliey liave been allocated on a basis consisleilt with the use of resources, with central staff costs allocated 01) tl)e basis Ot liin¢ spent, ai)d depreciation charges allocated 01) the poilion of the asset's Llse. Ollier siipport costs are allocated based on the spread of staff costs. Cliaritoble activities Cliarilable expenditure coimprises tliose costs iiicui'i'ed by the cli(2rity iii 11)e deliveiy of ils a¢iivilies and servlces for ils bei)eficiaries. 11 ii)cludes bolli costs tl)al cai) be allocated directly lo siich activities and those costs of ali indirect nalui'e iiecessary to suppo11 tlieiii. Support Costs Suppoit cosls inGlud¢ central functions and Iiave beei) allocated to activity cost categories oil a basis consislenl Iviili the use of I'esources, for exaiiiple, allocating property cost5 by floor areas, or per capita, staff costs b), Ilie liine spent and oil)er costs by their usage. Taxation Tlie charity is coiisidered lo pass Ilie tests sel Out in Paragraph I Schedule 6 of the Financ¢ Act 2010 and Iheirfore il meels the defiiiilioii of a Cliaritable coiiipany for UK corporalioii tax purpos¢s. Accordingly, Ilie cliai'ily is poleiitially exempl fi'oni laxatioii in I'especl of ii)COine or capital gaiiis received witliin c?( legories covei'ed by Chapter 3 Pai1 1 l of the Coi'poratioii Tax Act 201 O or Sectioi) 256 of tlie Taxation of Cliargeable Gai11s Act 1992, 10 lh¢ exleiit that SLich incoine or gaiiis ai'¢ applied excliisively lo cliaritable purposes. Tangible fixed ll55et5 Individual fixed a55ets Costing £200.00 or Iiiore are inilially recorded al cosl. Depreelation llinortisatioji Depi'eciation is provided on taiigible fixed assets so as to write off tlie cost or valuation, less any eslimaled residual value, over their expected usefLII ecoiioinic life as folloiys.. Asset class Fixtures, fittings aiid equipin¢i)t Depreciatioii niethod and rate 25010 on written down valiie Page12
Age Concern Sandivich Centre for the Retired Notes to the FinanciRI Statements for the Year Ended 31 March 2025 Fixed Rsset Inv¢s¢ment5 Fixed asset invesinienls, other thai) programme related investmen15, are included at market value at tlie balanc¢ sheet date. Realised gains and losses on investinents are calciilaled as the difference between sales proceeds and their market value at the start of the year, or tlieir subsequei)I cost, and are charged or credited to tli¢ Statejnent of Financial Activities in the period of disposal. Unrealised gains and losses represent the movenient in market values during the year aiid are credited or ¢l)arged to the Statement of Financial Activities based on the InArket valiie at the year end. Stoek Stock is valued at the lower of cost and estimated Selling price le5S C051s lo compl¢le and Sell, after due regard for obsolete and slow Inoving stocks. Cost is deterinined usii)g the fii-st-in, first-out (FIFO). Debtors D¢btors are amouiits due fi'om customers foi. Imerchandise sold or services p¢rfoiTned in the ordinary course of business. Cash and casli equivalents Cash and cash ¢quivalents comprise cash on liand and call deposils, and other sliort-lerm highly liqiiid investments Iliat are readily convertible lo a known amount of cash and are subject lo an insigiiificant risk of change in valLIe. Trade cre(Iltors Trade creditors are obligations to pay for goods or services tlial have been acquired in the ordinary course of business froin suppliers. Accoui)ts payable are classified as current liabilities if the cliarity does not have ali unconditional right, at the end of the reporting period, to defer settlement of Ilie ci'editor for at least twelve months after the reponiiig dalc. If tlicrc is an uncoiidilioi)al right lo d¢fei' seltlement for at least twelve months after the reporting dute, Ili¢y arc prcs¢nlLd as non-cui'i'ent liabilities, Trade creditors are recognised iiiilially at tlie traiisaction price and subsequently measured at amortised cost using the effeciive interest rneihod. Fun(1 structii I'e Unre51ricted income fuiids ar¢ general funds thal arc available for use at the Iruslees disci'elion in furtlierance of tlie objectives of the charity. Reslricled incoine funds are those donated for use iii a particular area or for specifLC purposes, Ilie use of which is I'eslricted lo that area or purpose. Page 13
Age Concern Sandivich Celltre for the Retired Notes to the Financial Statements for tlie Year Ended 31 Marcli 2025 3 Income from doiiAtions aiid legaeies Unrestrieled Total 2025 Total 2024 General Grants, including capital grants. Grants received Gei)eral donations, gifts aiid legacies 66,050 15,675 66,050 15.675 123.657 129,387 81,725 81,725 253,044 4 Incorne froui cliarilAble activities Unresti'icted funds Cenei'al Restrieted funds Total 2025 Total 2024 Sales of donated goods Servir¢s and activities 164,499 362,821 164,499 413,384 157,917 300,675 50,563 527,320 50,563 577,883 458,592 S Inveslment income Uiirestricted fuiids General TotRI 202S Total 2024 Interest r¢ceivable and siinilar income. Interest receivable on bank deposits Other incoine from fixed asset ii)vestineiits 3,671 8,577 3,671 8,577 5,245 702 12,248 12,248 5.947 6 Exp¢nditiire oil charitable activities Mallagemeiit Jid adminstration Chftritable actlvlties Totol 2025 TotAI 2024 Expenditure (meals) C¢ntre Services and activities Carer and ancillai'y staff salaries Rent and rates Light, lieat aiid power 78,484 26,481 318,636 27,294 33,157 78,484 26,481 318,636 27,294 33,157 62,041 4,962 283.998 27.202 23,096 Page 14
Age Concern Sandivich Centre for the Retired Notes to the Financial Statements for the Year Endcd 31 Marcll 2025 Management Rnd adminslration Charitable activities Total 2025 Total 2024 Repairs and maintenaiice Depreciation Insurance Telephone and fax Stationery and advertising Legal and professional fees (Profil)1105s 011 sale of tangible fixed assets held for cl)arity'S own use 22,223 7,019 9,649 1.884 2,614 17,127 22,223 7,019 9,649 1,884 2,614 l7,127 11,307 5,021 8,157 1,944 9,926 10,007 353 353 66,500 108 Adininistration Staff salaries Staff trainiiig Computer software and iiiainteiiance costs Equipment rental Sundry expenses Cleanii)g Transport expenses Accounlftncy and independenl examiner Bank Charges PA YE interest 66.500 108 71,008 6,059 2,215 2,861 11,606 8,500 6,059 2.215 2,861 11,606 8,500 6,039 1,614 3,224 9,646 5,072 5,988 2,418 5,988 2,418 5,507 4,600 52 544,921 106,255 651,176 554,423 £587,123 (2024 -£505,659) of the above expenditure was artributable lo unrestricted fuiids and £64,053 (2024 £48,764) to re51ricted funds, 7 Net ineomingloutgoing resources Net incoming resources for the year include: 2025 2024 Loss oli disposal of fixed assets held for tl)e cliarity's own use Depreciation of fixed assets 353 7,019 5,021 8 Trustees rcmuneralion and expenses No trustees, nor any persons connected willi tliem, have received any reinuneralion frorn the charity during the year. 9 Staff costs Tlie aggregate payroll costs were as follows: Page 15
Age Concern Sandivich Centre for the Retired Notes to the Finaneial Stateinents for tlie YeAr Ei ndcd 31 March 2025 The nionlhly average number of persons (including senior Inanagemeiit I leadership teain) einployed by the charity during the year expressed as full tiine equivalents was as follows., 2025 2024 Charitable activities Manageineiil and adininstralioii 14 [4 17 17 No eniployee received emoliiinents of more than £60,000 during the year, Diiring Ilie year Ihe cliarity niade th¢ followiiig Irai)sactions with key Inanageiiient personnel.. Wages Aiid salAries Tl)e Wages and salai'ies received remui)eration of £3 85,136 (2024., £355,006) Wages and salaries are niade up froin £363,810 (2024 £337,237) gross wages, £15,927 (2024 £13,156) employerfs national insurance ai)d £5,399 (2024 £4,613) einployei's pension conlribulion, 10 T8Xlltion The charity is a registered cliarity and is tlierefore exeinpt froin taxation. I l Tnngible fixed assets Freehold property and iiiiprovemenls Fixtures, rittings and equlpment Total Cost At l April 2024 Additioiis Disposals 406,762 47,912 75,411 13,498 (4,478 482,173 61,410 (4,478) Al 31 March 2025 454.674 84,431 539,105 Deprecinlion At l April 2024 Charge for the year Eliminated on disposals 60,502 7,019 (4,125) 60,502 7,019 {4,125) At 31 March 2025 63,396 63,396 Net book value At 31 March 2025 454,674 21,035 475,709 Al 31 Marcli 2024 406,762 14,909 421,671 Page 16
Age Concern Sandivich Centre for the Retired Notes to the Financial Statements for the Year Ci nded 31 March 2025 12 Fixcd a55et inve5tment5 2025 2024 Other ii)vestments 282,116 274,568 Other Iiivcstinents Listed Investments Total Cosl or Valuation Al l April 2024 Revaliiation Additions 274.568 (I,OJ5) 8,583 274.568 (1,035) 8,583 At 31 March 2025 282,116 282,116 Net book value At 31 Mar¢h 2025 282,116 282,116 At 31 Marcli 2024 274,568 274,568 13 Related PArty transACtions There wei'e no related party transactions iii Ilie year. 14 Stock 2025 2024 Stocks 1,700 1,400 15 Debtors 2025 2024 Trade debioi's Prepaymeiits 2,835 12,736 2,619 12,165 15,571 14,784 Page 17
Age Concern Sandivich Centre for the Retired Notes to the Financial Statements for the Year Ended 31 March 2025 16 Cr¢ditor5: aniounts falling due ivlthiii oiie )'¢ai' 2025 2024 Trade creditors Otl)er iaxalioii aiid social security Oilier creditors Acci'iials 1.623 2,634 1,412 2.020 3,340 7,689 141 5,810 13,190 17 Meillbers, liabillty The charity is a private company liiniled by guarantee and consequently does not have share capital. Each of the meinbers is liable to contribute an aii)oiiiit not exceeding £10 towards the assets of Ilie cliarity in the event of iquidalioii, 18 Obligations under leAses fiiid liire pur¢liAse coiitrACts Operating lease comniltiiients Total future minimuni lease payimenls under iion-cHiicellable operating leases are as follows.. 2025 2024 LNii(l and buildlngs Belweeii oiie and five years 21,000 35,000 Other Belweeii one aiid five years 9,698 4,368 19 Funds Balfinee At 31 Mai'eli 202S Balance at I Api'il 2024 Inconiing resou rces Resources expended Traiisfers Uiirestricted fuiJd5 General 545,381 620,258 (587.123) 302,821 881.337 Desigiiat¢d 302,821 (302,821) Total unrestricted funds 848,202 620,258 (587,123) (64,053) 881,337 Restricted fund5 112,337 50,563 98,847 Total funds 960,539 670,821 651,176) 980.184 Page 18
Age Concern Sandivich Centre for tlie RetAred Notes to the Financial StAtements for the Year Ei nded 31 March 2025 Balance at I April 2023 Iiieoining resources Resources expeiided Balance at 31 March 2024 Unrcstricted funds General 447,386 603,654 (505,659) 545,381 Designated 180,545 122,276 302,821 Total unrestrlcted fund5 627,931 725,930 (505.659) 848,202 Reslrleted funds 145,786 15,315 (48.764) 112,337 Tot&] funds 773,717 741,245 (554,423) 960,539 The specific purposes for which the funds are to be applied are as follows.. Funds are held available foi. the ordinary purposes of the charity. The coinpany has two restricted funds: l ) To cover the costs of the building extension and modernisation. 2) To cover costs of respite work for deillenlia sufferers. 20 Analysls of net assets between funds Uiirestrict¢d fun(Is General Total fiinds Rt 31 March 2025 Restricted funds Tangible fixed assets Fixed asset iiiveslments Current assets Currenl liabilities 385,743 282,116 219,288 5,810) 89,966 475,709 282,116 228,169 (5,810) 8,881 Total nel assets 881,337 98,847 980,184 Page 19