Cornpany reeistration number: 05401464 (hafity registration number: 1113294 Age Concern Bournernouth known as e UK Bournemouth, Poole and East Dorset IA company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025 TC Group 10 Bridge Street Christchurch Dorset BH23 IEF Age Concern Bournemouth known as Age UK Bournemouth. Poole and East Dorset Contents (continued) Trustees, Report Ito14 Independent Examiner's Report 15to16 Statement of Financial Activities 17 Balance Sheet 18to19 Statement of Cash Flows 20 Notes to the Finanaal Statements 21to43 Age Concern Bournemouth known as Age UK Boumemouth. PoolÈ and East Dorset Trustees. Report The Trustees would Ilke to express their appreciation to Bournemouth. Poole and Christchurch Council arKI Dorset Health Care Trust who have givpn u_% %LJppnrt throughout the year. The trustees. who are directors for the purposes of company law. present the annual report tO8etlier with the financial statements of the charitable company for the year ended 31 Mar(h 2025. The financial statements compty with the Charities Act 2011, the Companies Act 2006 and the Memorandum and Articles of Association of the Charity. The accounts are prepared under the historical cost convention and are in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities, ISORP IFRS10211 and the applicable accountin8 policies. A8e Concerii B(7urnemouth Itradlng as 'A8e UK 60urnemouih. voole East Dof5efi is a registered charity which meets the requirements for public benefit by working wrth older ￿￿e, especlally those in need. We do not charge oldcr people for our information and advice and befriend4n8 seYviie5, and we make vvery elfo to keep other charges to the absolute minimum whilst ensurin8 the on8oin8 viability of the Charity and hence its services. Oblertives and acthitie5 ObAerts alms The legal objecttves of the Charity are to promote the wellbeing of older people wrthin Bournemouth, Poole. Christchurch and East Dorset. The charity has the general airn of contrllwtln8 to the quality of life of older people within its area of benefit, and this has been embodied within its mi55iQn 5tstement. Our vision for what we want for older ppnple. In our area is quite simple: To ensure that we are positioned to provide the best possible 5UPPOrt to dder people in a variety of ways, we seek lo be a 5tron& dynamlc. financially sound. and responsNe Of8anisats)n. OUR MISSION sfATEMENT To make Bournemouth. Poole and East L)orset a place where later life is well. OUR PRINapLES Tn provide support and Services to older people, and those who care forthem. To reduce isolation, poverty. and health inequalities To promote positive ageing and independence by promoting and supporting artive and healthy lifestyles To Inform local older people and those who care for them of their rights and cl￿1￿. OUR VALUES To be carin8 and compassionate: We will att with kindness. empathy understanding and put people at the heart ofwhat we do. To be Rwecrfvl: We will lisien to older people and treat them as Individua& that are part of our charity- To be Professlonal: we will maintain confidentiality and high standards throughout all aspects of our work. fo be ac¢ountable: We will ensure transparency and provide 5ervice5 that éle value for inuiiey. Valulng Dfverslty: We are committed to the principles of DNersity. Equity and Indusion Page I A8e Concern Bournemouth known as Age UK Boumemouth. Poole and East Dorset Trustees, Report (Continued) Obfr(tlve5, 5tr4rtegles ond txtlvftle5 Wnrkirjg in locol Comrniinities We will involve and engage older people in developing a diverse range ol activities which promotes positive hèalth and wellbeing, tsckles disadvantsge and creates safe. inclusive. sustainable local communities in which each individual feels valued. Delivering Quolity Service5 We wlll design and deliver high quality. effectNe and efficient services that are personn and detection of fraud and other ITre8ularities. The trustees are responslble for the malntenance and inte8rlty of the cotporate 3nd financial infoirnation included on the charitable cofflpany's website. Legislation governing the weparation and di55emination of financial statements may differ from legislation in other jurisdictions. Small cornpanies provlslon statement This report has been prepared in accordance wtth the small cornpanie5 re8ime under the Companies Act 2006. The annual report was approved by the trustees of the chartty on 11.1. l1l.lfj and signed on its behalf by: R A Newman TrLtstee Page 14 Age Concem 8oumemouth known as Age UK Bournemouth, Poole and East Dorset Independent Examiner's Report to the trustees of Age Concern Bournemouth ('the Company,) I report to the charity tTU5tee5 on my exainiiidlivn of the account5 of the Company for the year ended 31 March 2025. Responsibilities and basis of report As ihe charit*s trustees of the Company lanu 31so its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satistied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respKt of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying Out my examination I have followed the Direction5 given by the Charity Commission under section 1451511bl of the 2Uii Act. Independent examlnerfs statement Since the Company's gr055 income exceeded £250.IX(I your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales. which 15 one of the listed bodies. I have completed my examination. I confirm that no matter5 have come lo my attention in connection with the examination giving me cause to believe= l. accounting records were not kept in respect of Age Concern Bournemouth as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records: or 3. the account5 do not comply with the accounting requlrements of sertion 396 of the 2[￿ Aci other than any requirement that the accounts give a 'true and fair view, which 15 not a matler considered as part of an independent examination- or 4. the accounts have not been prepared in accordance with the method5 and principles of the StatÈment of ftecommended Practi￿ for accounting and reporting by charities [a￿lICable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic Df Ireland IFRS 10211. Page IS Age Concern Bournemouth known as Age UK Bournemouth. Poole and East Dorset Independent Examiner's Report to the trustees of Age con￿rn Bournemouth ('the Company'l {continued) I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Institute of Chartered Accountants in England and Wales TCGroup 10 Bridge Street Christchurch Dorset BH23 IEF Date.. 11 December 2025 Page 16 Age Concern Bournemouth known as Age UK Bournemouth. Poole and East Dorset statement of Financial Activities for the Year Ended 31 Marth 2025 (Including Income and Expenditure Account and Statement of Total RecoEnised Galns and Losses) Unrestrlcted fvnds Totsl 2025 Totsl 2024 Restricted fund$ Note Income and Endowments from: Donations and legacies Charitable activities 130.273 619.927 137.103 17.298 629 130,273 619.927 137,103 17.298 629 156,456 638.752 111,470 11,184 173 Other tradin8 activities Investment income Other income Total income 905.230 918,035 Expenditure on: Raising funds Charitable activitiès 1103.954) 1791,286) {103,954) {843,136} 1112,3121 {997,1381 151,8501 Total expenditure 6ains/losses on investments 1895.240) 12.2391 (51.8501 {947,0￿) 12,239) 11.109.450) 93,101 Net incomellexpenditurel Transfers between funds 7.751 40.135 151.8501 140,1351 {44.099) 198,3141 Net movement in funds 47,886 (91.qA_51 144.099) 198,3141 Reconcillation of funds Total funds brou8ht fonvard 939.327 165.397 1,104,724 1,203,038 Total funds carried forward 24 987.213 73,412 I,LW,b25 1,104,724 All of the charity's activities derwe from continuing operations during theabove two penods. The funds breakdown for 2024 is shown in note 24. The notes on pages 21 to 43 form an integral part of these financial statements. Pa8e 17 Age Concern Bournemouth known as Age UK Bournemouth. Poole and East Dorset IRe8iStrdtion number: 05401464) Balance Sheet as at 31 March 2025 20Z5 2024 Unrestrkted Restri¢ted Flxed assets Tangible assets Investments 16 30.695 554.915 585.610 30,695 554,915 585.610 27,482 557,154 584,636 17 Current assets Stocks 18 9,030 22.729 390,266 422.025 9,030 22,729 463,678 495,437 6,680 59,673 501,329 567.682 Debtors 19 Cash at bank and in hand 73.412 73,412 Credltor5: Amounts falllng due wlthln one year 20 120.4221 {20.4221 147,594) Net current assets 401,603 73.412 475,015 520,088 Net assets 987,213 73.412 1,060.625 1,104,724 Funds of the chaiitr. Restrlcted income fvnds Restricted fund5 73.412 165.397 Unrestricted Income funds Unrestricted funds 987,213 939,327 Total funds 24 1,060.625 1,104,724 The notes on pages 21 to 43 forrn an inte8ral part of these finanaal statements. Page 18 Age Concern Bournemouth known as Age UK Bournemouth, Poole aml East Dorset {Reglstration number: 05401464} Balance Sheet as at 31 March 2025 (continued) For the financial year ending 31 March 2025 the charity was p_ntitlpd to exemption from audit under sertion 477 01 the Companies Act 2006 relating to small companies. Directors, respon5ibilitie5: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance wlth section 476; and The directors acknowledge their responsibilities for complying with the requirements of the Art with respect to accountin% records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small ￿MpanIeS re8ime within Part 15 of the Cony3nies Act 2CM)6. The financial Statements on pages 17 to 43 were approved by the Irustees, and authorised for issue on 1.7.1..iil.l.S. and signed on their behalf by= R A Newman Trustee The notes on pa8es 21 to 43 form an integral part of these financial statements. Page 19 Age Concern Bournemouth known as Age UK Bournemouth. Poole and East Dorset Statement of Cash Flows for the Year Ended 31 Marth 2025 2025 2024 Cash flows from operatlng a¢tl¥ltles Net cash expenditure 144.0991 198.3141 Adjustments to cash flows from nono5h Items Depreciation Investment income 4,367 {17.2981 2,239 (54.7911 6,362 111,1841 193,1011 1196,2371 Gains/losses on investments Worklng capltal adlustments Ilncreaselldecrease in stocks Decrease/lincreasel in debtors (Decreasellincrease in creditors 18 12,3501 36,944 127,1721 5.320 116,0801 31,044 19 20 Net cash flows from operating activities 147.3691 1175,9531 Cosh flows from investing artivities Interest receivable and similar income 17,298 17,5801 11,184 Purchase of tangible fixed assets 16 Net cash flows from investing activities 9,718 11,184 Net decrease in cash and cash equivalents 137.6511 1164.7691 Cash and cash equivalents on l April 501,329 666,098 Cash and cash equivalents on 31 March 463.678 501,329 All the cash flows are derived from continuing operations during the above two periods. The notes on pages 21 to 43 form an integral part of th￿e finanaal statements. Page 20 Age Concern Boumemouth known as Age UK Bournemouth, Poole and East Dorset Notes to the Finanaal Statements for the Year Ended 31 Marth 2025 I CharSty status The charity is limited by guaranr@e. incorporated in England and Wale& awKI Ll)n5equentty does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the rharity In the event of liquidation. The address of Fts re8lStered office is: 700 Wimborne Road Bournemouth Dnrspt BH9 2EG 2 Accountlng pollaes Summary of si6nifi¢ant accountlng pollcies and key accounting estlmates The principal accounting policies applied in the preparation of these financial datements 2re set out bclow. Ihese policies have been consistently applied to all the years presented, unless Otherwise stated. Statement of complian The financial statement3 have l)eeri piepared In accordance with Aca>unting and Reporting by Charities.. Statement of Recommended Practice (applicable to charities preparin8 Iherr accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ifeland (FRS 1021) lissued in October 20191- ICharitie5 SORP {FRS 10211. the Financial Reporting Standard applicable in the UK a￿1 Republic of Ireland IFRS 1021 and the Lompanies Act 2006. Basls of preparatlon A8e Concern Bournemouth meets the definition of a pijblic benefit entity under FRS 102. A55ets and litibilitles are initially recognised at historical cost or transaction value unless Othe￿ISe stated in the rdevant accounting policy notes. Golng ioncern The trustees consider that there are no material uncertainties about the tharity's ability to continue as a going con￿rn nor any significant a￿?5 of uncertainty that affert the carryinB value ofa55ets held by the charity. Income and endowments All income 15 recognised once the charity ha5 entitlement to the income. li is probable that the income will be received and the amount of the income receivable can be measured reliatty. Page 21 A8e Con￿rn Bournemouth known as Age UK Bournemouth, Poole and East Dorset Notes to the Flnandal Statements for the Year Ended 31 March 20251continued) 2 Accounting pollcles (¢onlinued) Donotl(m5 ond k￿kS Donations are recognised when the charity has been notffjied in writing of both the amount and settlement date. In the event that a donation Is subject to condition5 that require a Iwd of performance by the charity before the charity Is entitled to the fund5. the income is deferred and Trot recognised until either ihos condltions are fully met. or the fuifilment of those conditions is wholly wiihin the control of the d)arity and it is probable that these conditions will be fulfilled in the reporting period. Legacy 8ifts are recognised on a ca5trby4ase basls following the grant ot probate whgii the adrninislratorlexecutor for the estate has comrnunicated in writing both the arnount and settlement date. In the event that the gift is in the form of an asset other than cash or a finanaal asset traded on a recognised sto¢k cxchange, reco8nitiori 1% subject to the value of the gift being teliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred tothe chanty. Gront5' receivoble Grants are recogn15ed when the charity has an entitlement to the funds and ary conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferfed income to be released. Investment Income Dividends are recognised once the diwdend has been dKlared and nottficatK)n has been received of the dividend due. Expenditure All expenditure is recognisÈd once there is a legal or constructive obligati￿ to that expenditure. it is probable settlement Is required, and the amount can be measured reliably. Al costs are allocated to the applicable expendilure headin8 that asgreBate similar rnsts to that category. Where costs cannot be directly attributed ro particular headin8S they have been allocated on a basis consistent with the use of resources, with central 5taf( costs allocated based on time spent. and depreciation charges allocated on the portion of the assevs use. Other sUPPOrt Costs are allocated based on the spread of staff costs. Rolslnqfvnds These are costs incurred in attractin8 voluntary intome. the managemffit of investment5 and those incurred in trading activities that raise funds. Charltobk ortlvitle5 Charitable expenditure comprises those costs incurred by the charity In thè delivery of its artivities and service5 for its béneficiaries. It includes both costs that can be allocated directly to such activitie5 and those costs of an indirect nature necessary to support them. Page 22 Age Concern Bournemoulh known as Age UK Bournemouth, Poole and East Dorset Notes to the Financial Ststements for the Year Ended 31 March 2025 (continued) 2 Accounting polkles (o>ntlnued) Support Costs .Suppon costs include central functior15 dnd have been allocated to activity cost categories on a basis onsistent with the use of resour￿, for example. allocating property costs by floor areas, or per capita. staff cost5 by the time spent and other Costs by their usage. Governance costs These include the costs attributsble to the tharitV5 compliatKe with constlTUtFonal and statutory requirements, induding audit. strategic management and trustees, Meeti￿ and Teimbursed expenses. Government 8rants Government 8rants are recogni5ed based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to reb*nue or to assets. Grants r9.IAtine to revenue are ieLu¥n15ed In income over the period in which the related cost5 are recognised. Grants relating to asset5 are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is de.ferred. it is reco8nised a5 deferred income. Taxatlon The charity is considered to pass the tests set out in Paragraph i Sd*dule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corwffats.on tsx purposes. Accordingly, the charity is potentially exenipi from taxation in respect of income or wildl galns received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or SeCt￿n 256 of the Taxation of Chargeable Gains Acr 1992, to the extent that such income or gains arè applled exclusively to charitable purposes. Tongible flxed assets Individual fixed assets are inltially recorded at cosL less any subsequent accumulated depreciation and subsequent accumulated irnpairment losses. Depreciatlon and amortf5atlon Depreciation is pTo¥ided on tangible fixed assets so as to Write off the cost ty valuation, less any estimated residual value. over their expetted useful economlc lrfe as follows.. Asset class Motor Vehicles Furniture, Fixtures & Fittings Leasehold Improvements Computers & Office Equipment Dewedatbn methr¥d a￿1 rate IO%strai8ht line basis 20%straight line basis 20%straiO)t line basis 25%strni8ht line ba515 Page 23 Age Con￿rn Bournemouth known as Age UK Bournemouth, Poole and East Dorset Notes to the Flnandal statements for the Year Ended 31 March 2025 Icontinued) 2 AccountlnR policles (continued) Business comblnatlons Business Combinations are accounted for under the purchase method. Where necessary. adjustments are made to the tinancial statements of Subsidiaries to bring the accounting Fol￿10& u5pd iiilo line with th05c used by the chaTlty. All intra*ioup transactions, balances, income and expenses are eliminated on consolidarion. In accorddnce with Section 35 of FRS 102. Section 19 of FRS 102 has not been applied in rhe5e financial statements in respert of business combinations efferted prior to the date of transitlon. Fixed a%et investments Fixed asset investments, other than programme related investments, are included at market value at the balancc sheet date. Reallsed gains and losse5 on investments are Calculat￿ a5 the differen￿ between sales proceed5 and their market value at the start of the year. or their subsequent Cost, and are charged or creditEd to the Statement of Financial Artivities in the period of disposal. Unrealised gains and lot%ps represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end. Stock Stock 15 valued at the lower of cost and estimated selllng PWiLe less costs to complete and sell. aftpr due regard for obsolete and slow-movin8 Stocks. C05t is determined using the first-m. first-0￿ IFIFOI. Trade debtors Tiade debtors are amounts due from customers for merthandise sold or serWI￿ performed in the ordinary course of business. Trade dEbLor5 are recogniscd initially at thè transaction price. They are subsequently measuied at amortised cost Lssing the effective interest method, less provision for impairment. A rffo¥ision for the impairment ot trade debtors is established when there is objective evidence that the (harity thill not be able to collect all amounts due according to the original terms of the re￿1¥able5. Cash and cash equfvalents Cash and cash equivalents comprise cash on hand and call deposils, and other short-term highly liquid irivestment5 that ore readily convertiblp to a known amount of cash and are Subject to an insignificant risk of change in value. Page 24 Age Conorn Bournemouth known as Age UK Bournemouth. Poole and East Dorset Notes to the Finanaal Statements for the Year Ended 31 Marth 20251continuedl 2 Accountln8 polides {continued) Trade creditors I r3de creditors are obli8ations to pay for Eoods or services that have been acquired in the ordinary course of business from suppllers. Accounts payable are classified as current1o1ilit￿s if the charity does not have an untonditional right, at the end of the reportin8 period. to defer settlement of the creditor for at least twelve months after the reporting date. If there 15 an unconditional right lo defer settlement for at least twelve months after the reportin8 date, they arc presented as non-current liabilities. Trade creditors are recogni5ed initially at the Ira115ilCtion price and subsequently measured ai amortised cost usin8 the effertive interest method. Borrowin8S Interest-bearinE borrowin8s are initially recorded at fair value. nel of transaction costs. Interest-bearing borrowings are subsequently carried at amortised Cost, with the difference between the proceeds. net of transaction costs, and the amount due on redemption bein8 fecognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is reco8ni5ed based on the effective interest method and 6 included in interest payable and similar charges. 8orrowings are classified as current liabiltties unless the charity has an unconditional right to defer settlement of the liability for at least twelve months afteT the rpporting dat@. Fund slructure Unrestricted income funds are general fund5 that are available for use at the trustee's discretion in furtherance of thc objertives of the charity. Designated funds are unrestricted funds set aside for specific purpose5 at the discretion of the trustees. Restricted income funds are those donated for use in a particular area or for speafic purposes. the use of which is restricted to that area or purpn%p_ Pa8e 25 A8e Concern Bournemouth known as Age UK Boumemouth. Poole and East Dorsèt Note5 to the Finanoal Statements for the Year Ended 31 hlarch 20251continued) 2 A¢countln8 pollcles (continued) Penslons and other post-retirement obll8atlon5 The charity operates a defined contribution pension scheme which 15 a pension plan under which fixed conrrlbutlons are pald Into a pension fund ijiid ihe tharity has no legal or (onstructive obligation to pay turther contributions even if the fund doe5 not hold suffiaent assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans afe recognised in the staten￿nt of Financial ActNlties when they are due. If contiibutlull PdYlTierits exceed the contribution due for service. the excess is re¢o8nised as prepayment. The charity also operates a defined benefit pension stheme. Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usualty depwdent on one or more factors such as age, years of service and compensation. The liability recognised in the Balan￿ Sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reportins datc minus the fair valuè of plan assets_ The dpfinpd hp.npfit obligation is Measured using the projected unit credit method. The presenl value of the defined benefit obligation is determined by diSCOLlflt4ng the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturlty approximating to the terms of tl* related ppn%ion liability. Actuarial gains and losses are char8ed or credited to other comprehensive income in the period in which thev arise. 3 Income from donatlons and1È8acles Total Z025 Total 2024 Donations and legacies. Donations from individuals 8,771 105.582 525 37,529 111,225 4.702 Legacies Gtft aid reclaimed Grants, including capital grants: Government grants Grants from other charities 1,395 14,IXK) 130,273 3,IXIO 156,456 Page 26 Age con￿rn Bournemouth known as Age UK Bournemouth. Poole and East Dorset Notes to the FinancSal Statements for the Year Ended 31 Marth 20251continued) 3 Income from donatlons and le8ades {continued} Grants received. included in the above, are as follows: Totsl Totsl 2024 British Red Cross Dorset Council 13.1)xJ St Leonards Parish Council 14,C 4 Income from dwfftable arthitks Total 2025 Totsl 2024 Client charges Grant and other income 393,223 226,704 619.927 409,289 229,463 638.752 Page 27 Age Concern Bournemouth known as Age UK Bournemouth, Poole and East Dorset Notes to the Finanaal Statements for the Year Ended 31 March 2025 Icontinued) 5 Income from other trading adi¥ltles Total 2025 Total 2024 Trading income,. Shop income from sale of donated goods and service5 Sales of goods and services Events income,. Other events income 134.614 I,oii 108,232 2.071 1,478 137,103 1,167 111,470 6 Investment Income Totsl 2025 Totsl 2024 IDtere5t receivable and similar income: Interest receivable on bank deposrts 17,298 11,184 7 Other income Total Total 2024 Other income 629 Commission received from joint venture company 173 629 173 Page 28 Age Concern Bournemouth known as Age UK Bournemouth, Poole and East Dorset Notes to the Flnanaal Statements for the Year Ended 31 Marth 2025 {contlnued) 8 Expendlture on ralslng funds Costs of tradlng artlvltles Total 202S Total 2024 Purchase5 911 1,425 58,148 3,418 2.140 Wages and salaries Staff NIC (Employers) Staff pension5 Staff training Rent 59,262 3,136 1,710 23 29,497 3.441 1,402 218 36,734 2.108 5.191 83 Water rates Light. heat and power Repairs and maintenance Plant repairs Telephone Postage and stationery Computer 50ftware Membership and subscriptions Credit card charges 832 473 1.038 24 116 270 1,160 128 704 1,486 103.954 1,188 112,312 Page 29 Age Concern Bournemouth known as Age UK Bournemouth, Poole and East Dorset Notes to the Flnanaal Statements for the Year Ended 31 March 2025 {continued) 9 Expenditure on charftable artivltks Total 2025 Total 2024 Note Activities undertaken directlv Staff costs 151,445 661,869 29,822 843,136 179,910 766,677 50,551 997,138 Governance costs io 10 Analysis of governance and support costs Governan￿ costs Total 2025 Total 2024 Wages and salarie5 Sundry expen5e5 Promotional expenses Accountancy fees Independent examiner's fee Legal and professional fees Bad debts written off 7.755 7,755 211 8,428 9.056 807 3,650 3,5 29,222 5,380 29,822 50.551 Page 30 Age Concern Bournemouth known as Age UK Bournemouth. Poole and East Dorset Notes to the Financial Ststements for the Year Ended 31 Pllarch 20251continued) 11 Net IncomlnpJoutgoin8 resources Net outgoing resources for the year include.. 2025 2024 Operating leases- other assets Depreciation of fixed assets Independent Examination 44,977 4,368 3,650 55.008 6.362 12 Trustees remuneratlon and expenses There were no expenses or benefits paid to trustees in the period covered by these financial statements. 13 Staff costs The aggregate payroll costs were as follows". 2025 2024 Staff costs durfng the year were: Wages and salaries social security costs Pension costs 687,110 29,861 16,761 733.732 780,102 35.775 22,261 838.138 The monthly averaEe number of persons (including senior rnana8em￿t I leadership team) employed by the tharity during the year was as follows.. 2025 Ilo 2024 No siaff 89 No employee re￿iVed emoluments of more than E60.0(Ki during the year. The total employee benefits of the key management personnel of the tharity were £83,57312024 - £90,313). Page 31 Age Concern Bournemouth known as Age UK Bournemouth, Poole and East Dorset Notes to the Finandal Statements for the Year Ended 31 March 2025 IcontSnued) 14 Taxation The charity is a registered charity and is therefore exempt from taxation. 15 Comparatives for the statement of fina￿la1 artivit￿5 Unrestricted nds Total 2024 Restricted funds Income and Endowm￿￿ from: Donations and leeacies Charitable activities Other trading activities Investment income 156.456 608,574 111.470 11.184 173 30,178 638,752 111.470 11,184 173 Other income Tuldl iniome 881.851 30,178 918,035 Expenditure on: Raisin8 funds Charitable a¢tivities {112,3121 {925.0111 1112,3121 1997.1381 (72.1271 Total expenditure Gainsllosses on investments 11.037,3231 93.101 {72.1271 11,109,450) 93,101 Net expenditure {56.3651 {41,9491 198.3141 Net movement in funds {56.3651 {41.9491 198,3141 Rvon¢iliation of funds Totsl funds brought forward 995.692 207.346 1.203.038 Total funds carried forward 24 939,327 165,397 1.104.724 P4ge_ 32 Ace Concem Bournemouth known as Age UK Boumemouth. Poole and East Dorset Notes to the Flnancial Statements for the Year Ended 31 Marth 20251contlnued) 16 Tangible r￿ed assets Land and bulldlngs F￿tureS and ffttlngs lrnprovements to Motor velKles property Total At l April 2024 Additions 17.258 56.286 97.332 11,970 7,S80 182,846 At 31 March 2025 17.258 56.286 97.332 19.550 190.426 Depredation At l Apnl 2024 Charge for the year 17.258 56.286 69,850 4.367 11,970 155.364 4,367 At 31 March 2025 17.258 56.286 74.217 11.970 159,731 Net IMx•k valuè At 31 March 2025 23,115 7,580 30,695 At 31 March 2024 27.482 27,482 17 Flxed a￿t investments 2025 2024 Shares in group undertakings and participatin8 interests other investments 554,875 554.915 557,114 557,154 Page 33 Age Concern Boumemouth known as Age UK Bournemouth. Poole and East Dorset Notes to the Finanaal Statements for the Year Ended 31 March 20251continued) 17 FiJTed a55et investmertts (continued) Shares In group undertsklngs and partklPati￿ interests sub￿1[&ry undertakln85 Total Cost At l April 2024 At 31 March 2025 Net l)ook value At 31 March 2025 At 31 March 2024 Other investments Lknllsted Total Cost or Valuation At l April 2024 Revaluation 557,114 12.2391 557,114 12,2391 At 31 March 2025 554,875 554,875 Net book value At 31 March 2025 554.875 554,875 At 31 March 2024 557,114 557,114 Detalls of undertakln8S Details of the investments in which the charity holds 20% or more of the norninal value of any class of share capital are as follows: Page 34 Age Concern Bournemouth known as Age UK Bournemouth. Poole and East Dorset Notes to the Finanaal Statements for the Year Ended 31 March 2025 (continued) 17 Flxed asset Investments (¢ontinuedl Country of in¢orporatk>n ProportK)n ofvoting r￿hts and Prinapal Shares held artivity Undertaklng Holdlng 2025 2024 Joint ventures Age UK Dorset Enterprises Ltd Rowan Cottage, 4 Prince of Wales Road, Dorchester. Dorset. En8land, DTI IPW England and Wales Ordinary Age Concern in Dorset Units l and 2, 5 Crown Square. Poundbury, Dorchester. England, DTI 3EN En8land and Wales Ordinary Dormant Jolnt venture5 Age UK Boumemouth and A£e UK Dorchester merged their trading cyeiation5 in April 2016 to form a joint company Age UK Dorset Enterprises Ltd (AUKDELI. The joint company ha5 a profit sharing agreement in place. 18 Stock 2025 Z024 Stocks 9,030 6,680 Page 35 Age Concern Bournemouth known as Age UK Bournemouth. Poole and East Dorset Notes to the Flnanaal Statements for the Year Ended 31 March 2025 (continued) 19 Debtors 2025 2024 Trade debtors Prepayments VAT recoverable 10.952 9,703 2,074 21,522 16,977 8.180 12,994 59.673 Other debtors 22,729 20 Credltors: amounts falling due withln one year 2025 2024 Trade creditors Other taxation and s(Kial security Accruals 10.143 6.655 3,624 20.422 17.623 13.971 16,QKJO 47.594 21 Obligations under leases and hlre purdbase contracts Operating lease commltments Total future minimum lease payments under non-cancellable operating leases are as follows= 2025 2024 Other Within one year Between one and five years After five years 25,552 29,296 50,552 78,125 157,973 53.125 178.677 Pa8e 36 Age concern Bournemouth known a5 Age UK Bournemouth. Poole and East Dorset Notes to the Finanaal Statements for the Year Ended 31 March 202S Icontlnued} u penslon and other schemes Defined contrlbutlon pensknn scheme Tlie ihdrily opeidte5 d definpd rJ)ntribiJilon ppnslon scheme. The pendon cosr charee for The year represenrs contributions payable by the charity to the scheme and amounted to £14.653 (2024 - £20,090). Defined benefft penslon xhemes Dorset County Coundl One long serving employee of A£e Concern Bournemouth are associate mernbers of the Dorset County Council defined benefit superannuation scheme. The employer's contribution 15 (harged to the Statement of Financial Activitie5 35 incurred, as it 15 not possible to identify the indlvidual share of the penslon scheme's underlying assets and liabilities attributable to Age Concem Boumemouth. The Dorset County Council pension scheme is a multi-employer defined benefrt scheme administered for the benefit of Local Authorities and other bodie5 and is managed in a(cordance with the Local Government Pension Scheme Regulations 1997. Past and present employees are covered by the provision5 of the Dorset County Council Pension Scheme. Since April 2014 it has been a CARE Scheme (Career Average Revalued Eamingsl so employee benefits are based on earnin8s received each scheme year. Pre April 2014 it was a final salary scheme and employees with pre-Aprll 2014 servlce wlll have that portion of their pension calculated on their final salary. The employer's contribution made to the scheme in 2024125 was £2.108 (2024: £2,171) with an employer's contribution rate of 25% of pensionable pay and an employee's contribution is 5.5% of pensionable pay. An artuari31 valuation of the 5cherne a5 at 31st March 2022 showed a fund defldt In the whole of the pension fund. Age Concern Bournemouth was pooled with other small. admitted bodies and a deficit recovery late of 26% of payroll put in place for 3 yeafs. 23 Contln8ent Ilabllltles Unless otherwise agreed, on temiination of the joint venture agreement, the Charity would be liable for 40% of any accumulated losses of Age Concern in Dorset ￿Mited (see investments note). The charity is liable for an amount of up to £129.IMI lat the indicative C￿a￿ort valuation on 31 March 20241 in respect ol a cessation payment into the multi*mployer defined benefit pension scheme. The charity has one member of staff left In this scheme and two deferred membff5 and a liability will arise when this employee leaves the charity. The board have designated an amount ot £129.(K#) lo be reviewed every three years in respect of the pension cessation payment. Page 37 gig Age Concern Bournemouth known as Age UK Bournemouth. Poole and East Dorset Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 24 Funds Iiofttlnuedl The specific purposes for which the funds are to be applied are as follows: The designated funds are designated for the following- Replacement Minibus- is designated for the provision of a replacement minibjs. Future Pension Cessation- is desi8nated for the LGPS payments that are payable on retirement. The restricted funds have been restricted for the following: Fp.rndnwn aroa - Thi5 has been don3ted to be S￿nt on the areas of Ferndown. East Dorset clubs- These funds are to be Spent on the club artivrties in East Dorset. During the year. the charity closed the hub in Ferndown which prethminately serviced the one of the restricted funds. This was closed due to the loss-making nature of the area. The tharity ha5 spent more than what is Showing dbuve. Due to the review of the sernitr the charity has realised that the tracking of the expenditure missed out costs during the pandemic years which have resulted in the above transfer to general funds to correct this spendin8 in prior periods. The Ferndown service users are still receiving the benefit of the charity, serrice5 Still being aciive in the area. The charity also has the foot dinic open in Winton. which services members frorn Ferndown. Therefore, this fund can still be utilised. 25 Analysis of net assets between fvnds Total funds at 31 March 2025 Unrestrkted furMIs General Re#rkted lunds Tangible fixed a55ets Fixed asset investments 30,695 554,915 143.025 30.695 5S4,915 495.437 .(20,4221 Current assets 279.IMI 73.412 Current liabilities 120,4221 Total net assets 708,213 279.fX)) 73.412 1,060,625 Page41 Age Con￿rn Bournemouth known as Age UK Bournemouth. Poole and East Dorset Notes to the Flnanclal Statements for the Year Ended 31 Marth 2025 (continued) 25 Anatysls of net assets between funds Icontlnued) Totsl funds at JI March 2024 Unrestrkted funds General Restricted Tangible fixed assets Fixed asset investments Current assets 27.482 557.154 210.285 147.594) 27.482 557.154 567,682 147,5941 192.(KYJ 165,397 Current liabilities Total net assets 747,327 192.1 165.397 1.104,724 Page 42 Age Concern Bournernouth known as A8e UK Bournemouth, Poole and East Dorset Notes to the Finanaal Statements for the Year Ended 31 March 2025 {continued) Zfj Analy515 of funds At I Apfll 2024 At 31 March 2025 Cash at bank and in hand 501,329 (37,6511 463,678 Net debt 501,329 (37,6511 Flnandng cash 463.678 At l Aprll 2023 At 31 March 2024 Cash at bank and in hand 666.iJ38 1164.7691 501,329 Net ijebt 666.Q)8 {164,7691 501,329 17 Related party transxtions During the year the charity made the following related party transactiors: Age UK Dorset Enterprises Umlted Age UK Dorset Enterprises Limited was set up in 2016. During this and the prior period no management charges were paid by Age UK Dorset Enterprises Limited to A4e Con￿rn Boumemouth. The charity has re￿IVed £111,86512024.' £141.1211 from this company in respect of ServI￿S provided. At the balance sheet date. the amount due tolfrom Aqe UK Dorset Enterprise5 Limited wa5 £Nil12024- £Nill. A8e Contern In Dorset ilmited Age Concern in Dorset Limited w35 set up in 21J)8. It is a joint venture trading company owned by Aee Concern in Dorset and all profits are used to provide Dorset wide (including BoUrner￿￿th and Poole) services to older people. The accounts are administered by &ge con￿rn Dorchester and accounted for in their records. Trustee representatives from Age Conceffl Dorchester. North ()orset and Boumemouth are the Directors of Age Concern in Dorset Limited. At the balance sheet date, the amount due to/from A£e Concern in Dorset Limited was £Nil {2024- £Nill. Age UK Age UK have a branding partnership wrth Age c0ft￿rn Bournemouth 7*hich is Can￿lIable by giving 6 months, notice. The trustees regularly review this agreement to ensure it meets the charilable company's objectives and is in the best interests of its CUStomer5. Age UK gave a brand partnership payment of £7,5CO12024: £11.5C()I for brand partnership. At the balance sheet date the amount due tolfrom Nge UK was £Nil {2024- £Nill. Page 43