Registered number: 5579499 Charity number: 1114153
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 6 |
| Independent examiner's report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 - 10 |
| Notes to the financial statements | 11 - 31 |
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025
Trustees
J Rose, Chief Executive Officer P Wadsworth, Trustee Alan Jenkins, Trustee Stephen Jump, Trustee
Company registered number
5579499
Charity registered number
1114153
Registered office
Pauline Thaw Centre, Dale Avenue Hassocks West Sussex BN6 8LW
Accountants
GMBC LLP Chartered Tax Advisers and Accountants Marine House 151 Western Road Haywards Heath West Sussex RH16 3LH
Page 1
AGE CONCERN - HASSOCKS & DISTRICT (A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of Age Concern - Hassocks & District for the period 1 April 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small company under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit.
The objectives require the provision of services for the older people of Hassocks and the surrounding area. This is to include the provision of food and drink, activities and events appropriate to their needs. This is funded by donations, grants, the sale of goods and services within the centre and support from the local authorities. Sufficient staff are employed to ensure the safe and effective running of the Centre.
b. Strategies for achieving objectives
The Trustees aimed to keep the Day Centre viable post-lockdown by:
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ensuring the safety of all Centre users through risk assessments, regular inspections and clear guidance
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to all users.
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keeping the building in good repair with regular maintenance, redecoration and renewals;
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using government loans and grants to help with running costs.
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using investments to fill funding gaps and ensuring the investment manager is active in managing the fund
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for both income and growth.
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exploring ways to increase attendances and promote our services.
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utilising key voluntary service providers such as the Mid Sussex Voluntary Action (MSVA) for help finding
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grant-givers, new volunteers and Trustees.
The company suffers from poor visibility in the local community because of its position, behind the main public car park that lies behind an area with mature trees. Opportunities to improve the awareness of local residents are always a priority.
In 2022 the company held a staff meeting to explore ideas for better team working and identified good ideas for improved communication, as well as ideas for creating a less formal and more relaxing environment for casual visitors. These were implemented immediately.
Page 2
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities (continued)
c. Volunteers
Our Volunteers are a very valuable resource and we could not continue as a business without them. Around fifty local residents give us some of their time every week to supplement our staff. In January we held a special buffet lunch for them as a thank you for their contribution to our continuing operation.
Achievements and performance
a. Review of activities
The company is a charity with its origins in the post-war National Old People’s Welfare Council. All the Directors are also Trustees of the charity. It operates a Social Day Centre for the older people of the village of Hassocks and surrounding villages in Mid Sussex. The Centre offers a friendly, welcoming, social environment where older people can meet, relax and take part in activities and events that interest them. We operate a minibus service for those without their own transport or with mobility difficulties.
The Centre’s core activities are a freshly cooked, three-course lunchtime meal, a coffee shop and a charity shop. The Centre also offers entertainment, activities and regular outings. The professional services of hairdressers and podiatrist are also available within the building. Local groups make full use of the facilities outside normal hours for a very wide range of activities that include quilting, art, canasta, bridge, yoga, whist, tai-chi, table tennis, pilates and a slimming club.
The Community Garden volunteers continue to expand their fruit, flowers and vegetable growing on the spare land at the rear of the premises. The company supported the construction of a wildlife pond to help further improve the environment.
The monthly Saturday Market continues to bring more visitors to the Day Centre, and the volunteer-run Repair Café makes for a very busy Saturday morning once every month, significantly boosting income. The charity shop manager now organises occasional Rummage Sales, where clothing and other items that haven’t sold are offered at reduced prices. The event is advertised widely and is hugely successful at recycling stock to the public and raising extra funds. A table-top or car boot sale are also planned for 2025.
In the run up to Christmas a special three-course roast turkey lunch was served on four different weekdays with over 50 members and volunteers attending on each day. The staff and volunteers made a big effort to make the Christmas Fair the biggest fundraiser of the year, with stalls for the old and the young. Members continue to show an overwhelming satisfaction with what we provide.
The company relationship with local schools continues and once again work experience was provided for some student leavers from Downlands Secondary School who were interested in working in the field of social care. The school also offer our members a special lunch at the end of the summer term and to a dress rehearsal of a school stage production. They also bring pupils to sing carols at Christmas.
Running costs continue to be a concern, particularly repairs, maintenance and improvements to the fabric of the building. The Directors project manage all these activities. Sustainability plans to install solar panels and generate our own electricity had to be abandoned after the roof was found not to be strong enough to support the panels and the ballast needed to secure them on the flat roof.
The Finance Director retired, and an experienced replacement has stepped into the role.
Page 3
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
b. Reserves policy
The building that the company occupies is a temporary structure, gifted by the local authorities, with a peppercorn rent for the land on which it stands. It was constructed in 1980 with a planned lifespan of 50 years; however, it has been extended several times since then. The lease is valid for another 59 years and makes it clear that the charity:
• is responsible for all repairs and maintenance to the property and keeping it safe and in good order.
• is jointly responsible with the local District Council for maintaining the service road and adjoining footpath.
Reserves were created from past donations and legacies as a building fund for a permanent replacement for the Day Centre within the village of Hassocks. The Board decided a few years ago that the funds should also be available for any major expenditure on repairs, renewals and maintenance. This is because it is becoming much more difficult to obtain grants and donations for anything other than new projects. The reserves include a sum of £150,000 to allow temporary trading at another site in the event of an emergency that make the current building unusable. The company has already identified a suitable local site where this can take place.
When the time comes the Trustees will develop a strategy for a new building that takes account of likely sources of support for costs, such as the National Lottery, Age UK and local authorities.
Page 4
AGE CONCERN - HASSOCKS & DISTRICT (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
a. Constitution
Age Concern - Hassocks & District is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 30 September 2005. The registered charity number is 1114153.
b. Methods of appointment or election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
c. Organisational structure and decision-making policies
The Trustees are appointed by the Board of Trustees. The Board meets regularly throughout the year to discuss all aspects of the Charity, to include the day-to-day running, financial matters and future developments.
d. Policies adopted for the induction and training of Trustees
Trustees are recruited from all willing volunteers who have demonstrated an interest in supporting the aims and by reference to their skills and the needs of the charity. Trustees are trained using the Age Concern induction material, which includes a training video. They are also shown a copy of the financial statements and they attend training courses relevant to their role.
e. Risk management
The company's funding is unpredictable and mainly comes from its own services and fundraising activities. These consist of donations from lunch and coffee shop services; a charity shop selling donated goods; occasional legacies; other users of the building and charitable donations from individuals and businesses. The charity also draws down cash from its investments for unexpected repairs, renewals and maintenance. The onsite professional service providers donate a proportion of their earnings to the Centre for use of the premises and equipment.
Procedures have been developed to ensure that spending on activities cannot exceed funding unless properly authorised. Book-keeping and payroll work is supervised by the Finance Director and investments are managed by the Charities Team of an LSE-listed Fund Manager.
Other risks are managed using local authority tools for food hygiene and safety; fire services guidance; first aid training and the consultancy services of Croner Group for Health and Safety risk management. The company’s insurance company also monitors processes and policies. The affiliation to Age UK as a “Friend” is no longer available but their local Chief Officer and her staff at Age UK West Sussex are always available to help if needed. The local Mid Sussex Community People team also provide invaluable support and networking opportunities.
Page 5
AGE CONCERN - HASSOCKS & DISTRICT (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Plans for future periods
Further sustainability projects will depend on the availability of new funding. Attendances are slowly increasing, and we continue to consult members, volunteers and staff about improvements to our services. New Directors will be needed in the future, and we hope to recruit locally from residents who respond to the increased exposure our activities create.
Members' liability
The Members of the company guarantee to contribute an amount not exceeding £1 to the assets of the company in the event of winding up.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on and signed on their behalf by:
J Rose
Chief Executive Officer
Page 6
AGE CONCERN - HASSOCKS & DISTRICT (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025
Independent examiner's report to the Trustees of Age Concern - Hassocks & District ('the company')
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2025.
Responsibilities and basis of report
As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied 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 respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of (enter body here), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
Signed: Dated: Graham Hole
GMBC LLP
Chartered Tax Advisers and Accountants Marine House 151 Western Road Haywards Heath West Sussex RH16 3LH
Page 7
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025
| Note Income from: Donations and legacies 3 Other trading activities 4 Investments 5 Total income Expenditure on: Raising funds 6,7 Charitable activities 8 Total expenditure Net income/(expenditure) before net gains on investments Net gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2025 £ 50,000 - - 50,000 - 16,589 16,589 33,411 - 33,411 6,878 33,411 40,289 |
Unrestricted funds 2025 £ 18,695 151,628 43,161 213,484 100,816 169,309 270,125 (56,641) 15,465 (41,176) 1,021,736 (41,176) 980,560 |
Total funds 2025 £ 68,695 151,628 43,161 263,484 100,816 185,897 286,714 (23,230) 15,465 (7,765) 1,028,614 (7,765) 1,020,849 |
Total funds 2024 £ 13,523 144,805 37,841 196,169 90,224 194,763 284,987 (88,818) 68,254 (20,564) 1,049,178 (20,564) 1,028,614 |
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 11 to 31 form part of these financial statements.
Page 8
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee) REGISTERED NUMBER: 5579499
BALANCE SHEET AS AT 31 MARCH 2025
| Note Fixed assets Tangible assets 13 Investments 14 Current assets Debtors 15 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 16 Net current assets Total net assets Charity funds Restricted funds 18 Unrestricted funds 18 Total funds |
1,802 43,273 45,075 (9,869) |
2025 £ 154,792 830,851 985,643 35,206 1,020,849 40,289 980,560 1,020,849 |
1,823 25,676 27,499 (7,499) |
2024 £ 191,922 816,692 |
|---|---|---|---|---|
| 1,008,614 20,000 |
||||
| 1,028,614 | ||||
| 6,878 1,021,736 |
||||
| 1,028,614 |
Page 9
AGE CONCERN - HASSOCKS & DISTRICT (A company limited by guarantee) REGISTERED NUMBER: 5579499
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on _______ and signed on their behalf by: Sele C kpee
J Rose Chief Executive Officer
The notes on pages 11 to 31 form part of these financial statements.
Page 10
AGE CONCERN - HASSOCKS & DISTRICT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. General information
Age Concern - Hassocks & District is a private company, limited by guarantee, domiciled in England and Wales, registration number 05779499. The registered charity number is 1114153. The registered office of the company is Pauline Thaw Centre, Dale Avenue, Hassocks, West Sussex, BN6 8LW.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Age Concern - Hassocks & District meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the company, can be reliably measured.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 11
AGE CONCERN - HASSOCKS & DISTRICT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.
Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and investment management costs..
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives using the straight-line method.
Depreciation is provided on the following bases:
| Leasehold property | - 10% straight line |
|---|---|
| improvements | |
| Long-term leasehold property | - 0% |
| Equipment | - 20% straight line |
| Motor vehicles | - 10% straight line |
| Office equipment | - 20% straight line |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Page 12
AGE CONCERN - HASSOCKS & DISTRICT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.6 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.10 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.11 Pensions
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
Page 13
AGE CONCERN - HASSOCKS & DISTRICT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 14
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. Income from donations and legacies
| Legacies John Riley DMH Stallard Grants Postcode Lottery Hassocks PC The National SW SE Water Gardening Subtotal detailed disclosure Donations Grants Total 2025 Total 2024 |
Restricted funds 2025 Unrestricted funds 2025 £ £ - 10,000 - 1,019 50,000 - - 354 - - - - 50,000 11,373 - 7,322 - - 50,000 18,695 5,000 8,523 |
Total funds 2025 £ 10,000 1,019 50,000 354 - - 61,373 7,322 - 68,695 13,523 |
Total funds 2024 £ - - - - 3,000 2,000 |
|---|---|---|---|
| 5,000 | |||
| 8,357 166 |
|||
| 13,523 | |||
Page 15
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. Income from other trading activities
Income from fundraising events
| Unrestricted funds 2025 £ Fundraising activities 13,075 Minibus transport 2,726 Total 2025 15,801 Total 2024 17,325 Income from charitable trading activities Unrestricted funds 2025 £ Catering 52,352 Shop sales, coffee and tea 83,475 Total 2025 135,827 Total 2024 127,479 |
Total funds 2025 £ 13,075 2,726 15,801 17,325 Total funds 2025 £ 52,352 83,475 135,827 127,479 |
Total funds 2024 £ 14,091 3,234 |
|---|---|---|
| 17,325 | ||
| Total funds 2024 £ 55,376 72,103 |
||
| 127,479 | ||
Page 16
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. Investment income
| Unrestricted funds 2025 £ Hall hire 18,886 Investment income 23,889 Interest received 386 Total 2025 43,161 Total 2024 37,841 |
Total funds 2025 £ 18,886 23,889 386 43,161 37,841 |
Total funds 2024 £ 13,886 23,900 55 |
|---|---|---|
| 37,841 | ||
Page 17
(A company limited by guarantee)
AGE CONCERN - HASSOCKS & DISTRICT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. Expenditure on raising funds
Costs of raising voluntary income
| Unrestricted funds 2025 £ Minibus insurance 822 Minibus expenses 3,717 Total 2025 4,539 Total 2024 5,633 Fundraising trading expenses Unrestricted funds 2025 £ Shop and event costs 8,991 Catering costs 20,260 Wages and salaries 61,492 Pension costs 664 Total 2025 91,407 Total 2024 79,908 |
Total funds 2025 £ 822 3,717 4,539 5,633 Total funds 2025 £ 8,991 20,260 61,492 664 91,407 79,908 |
Total funds 2024 £ 1,270 4,363 |
|---|---|---|
| 5,633 | ||
| Total funds 2024 £ 6,846 22,610 49,975 477 |
||
| 79,908 | ||
Page 18
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. Investment management costs
| 8. 9. |
Investment management fees Total 2024 Analysis of expenditure on charitable activities Summary by fund type Social care day centre services Other Total 2024 Analysis of expenditure by activities Social care day centre services Total 2024 |
Unrestricted funds 2025 £ 4,870 4,683 Restricted funds 2025 Unrestricted funds 2025 £ £ 16,589 169,309 - - 8,605 186,157 Support costs 2025 £ 185,897 194,763 |
Total funds 2025 £ 4,870 4,683 Total 2025 £ 185,898 (1) 194,762 Total funds 2025 £ 185,897 194,763 |
Total funds 2024 £ 4,683 Total 2024 £ 194,763 (1) Total funds 2024 £ 194,763 |
|---|---|---|---|---|
Page 19
(A company limited by guarantee)
AGE CONCERN - HASSOCKS & DISTRICT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. Analysis of expenditure by activities (continued)
Analysis of support costs
| Charitable activities 2025 £ Staff costs 62,280 Depreciation 39,328 Computer costs 11,341 Rates and water 2,352 Cleaning 14,052 Light and heat 9,411 Insurance 5,633 Repairs and renewals 22,346 Telephone 7,918 Postage 37 Printing and stationery 227 Bank Charges 1,981 Sundry expenses 602 Accountancy 1,398 Legal and professional 6,517 Staff training costs 474 Advertising - Total 2025 185,897 Total 2024 194,763 10. Independent examiner's remuneration Fees payable to the company's independent examiner for the independent examination of the company's annual accounts |
Total funds 2025 £ 62,280 39,328 11,341 2,352 14,052 9,411 5,633 22,346 7,918 37 227 1,981 602 1,398 6,517 474 - 185,897 194,763 2025 £ 1,320 |
Total funds 2024 £ 61,238 46,468 13,668 3,624 18,010 10,145 4,947 13,716 4,606 12 3,259 1,813 4,217 1,182 6,515 503 840 |
|---|---|---|
| 194,763 | ||
| 2024 £ 1,182 |
Page 20
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11. Staff costs
| Wages and salaries Contribution to defined contribution pension schemes |
2025 £ 122,080 2,356 124,436 |
2024 £ 110,799 891 |
|---|---|---|
| 111,690 |
The average number of persons employed by the company during the year was as follows:
| Charitable activities Management and administration |
2025 No. 6 6 12 |
2024 No. 6 6 |
|---|---|---|
| 12 |
No employee received remuneration amounting to more than £60,000 in either year.
12. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL) .
Page 21
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
13. Tangible fixed assets
| Cost or valuation At 1 April 2024 Additions Disposals At 31 March 2025 Depreciation At 1 April 2024 Charge for the year On disposals At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 |
Leasehold property improvem't £ 301,658 - - 301,658 156,950 19,484 - 176,434 125,224 144,708 |
Long-term leasehold property £ 1 - - 1 - - - - 1 1 |
Equipment £ 79,562 9,533 - 89,095 65,230 13,557 - 78,787 10,308 14,332 |
Motor vehicles £ 85,908 - (37,760) 48,148 61,834 4,815 (37,760) 28,889 19,259 24,074 |
Office equipment £ 32,962 - (22,866) 10,096 24,155 1,474 (15,533) 10,096 - 8,807 |
Total £ 500,091 9,533 (60,626) 448,998 308,169 39,330 (53,293) 294,206 154,792 191,922 |
|---|---|---|---|---|---|---|
Page 22
AGE CONCERN - HASSOCKS & DISTRICT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| 14. Fixed asset investments Cost or valuation At 1 April 2024 Additions Disposals Revaluations At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 15. Debtors Due within one year Other debtors Prepayments Tax recoverable |
2025 £ - 1,108 694 1,802 |
Listed investments £ 816,692 94,173 (73,723) (6,291) 830,851 830,851 816,692 2024 £ 19 1,054 750 1,823 |
|---|---|---|
Page 23
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
16. Creditors: Amounts falling due within one year
| Trade creditors Other taxation and social security Pension fund loan payable Other creditors Accruals and deferred income |
2025 £ 2,075 1,923 157 - 5,714 9,869 |
2024 £ 1,764 - - 15 5,720 |
|---|---|---|
| 7,499 |
17. Financial instruments
| Financial assets Financial assets measured at amortised cost Financial liabilities Financial liabilities measured at amortised cost |
2025 £ 45,075 2025 £ (9,869) |
2024 £ 27,499 |
|---|---|---|
| 2024 £ (7,499) |
Financial assets measured at amortised cost comprises cash at bank and in hand.
Financial liabilities measured at amortised cost comprises other creditors and accruals and deferred income.
Page 24
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
18. Statement of funds
Statement of funds - current year
| Unrestricted funds Designated funds Building fund Emergency operations fund Minibus running costs fund Activities Shop expansion project General funds General Funds - all funds Total Unrestricted funds |
Balance at 1 April 2024 £ 369,027 150,000 19,150 8,781 25,983 572,941 448,795 1,021,736 |
Income £ - - 2,726 - - 2,726 210,758 213,484 |
Expenditure £ - - (3,717) (92) (25,983) (29,792) (240,333) (270,125) |
Gains/ (Losses) £ - - - - - - 15,465 15,465 |
Balance at 31 March 2025 £ 369,027 150,000 18,159 8,689 - |
|---|---|---|---|---|---|
| 545,875 | |||||
| 434,685 | |||||
| 980,560 |
Page 25
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
18. Statement of funds (continued)
| Restricted funds Equipment fund Social activities and events Cost of ipads Training costs Advertising costs Gardening project Running costs fund Total of funds |
Balance at 1 April 2024 £ 1,620 1,380 1,051 1,201 195 1,431 - 6,878 1,028,614 |
Income £ - - - - - - 50,000 50,000 263,484 |
Expenditure £ (29) (36) (1,051) - - (1,431) (14,042) (16,589) (286,714) |
Gains/ (Losses) £ - - - - - - - - 15,465 |
Balance at 31 March 2025 £ 1,591 1,344 - 1,201 195 - 35,958 |
|---|---|---|---|---|---|
| 40,289 | |||||
| 1,020,849 |
Page 26
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
18. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds Designated funds Building fund Emergency operations fund Minibus running costs fund Activities Shop expansion project General Funds - all funds Total Unrestricted funds |
Balance at 1 April 2023 £ 369,027 150,000 20,279 8,781 49,530 597,617 Balance at 1 April 2023 £ 441,078 1,038,695 |
Income £ - - 3,234 - - 3,234 Income £ 187,935 191,169 |
Expenditure £ - - (4,363) - (23,547) (27,910) Expenditure £ (248,472) (276,382) |
Gains/ (Losses) £ - - - - - - Gains/ (Losses) £ 68,254 68,254 |
Balance at 31 March 2024 £ 369,027 150,000 19,150 8,781 25,983 |
|---|---|---|---|---|---|
| 572,941 | |||||
| Balance at 31 March 2024 £ 448,795 |
|||||
| 1,021,736 |
Page 27
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
18. Statement of funds (continued)
| Restricted funds Equipment fund Kitchen equipment Garage Minibus purchase fund Social activities and events Cost of ipads Training costs Advertising costs Gardening project Total of funds |
Balance at 1 April 2023 £ 1,630 29 464 3,776 1,392 1,401 1,201 195 395 10,483 1,049,178 |
Income £ - - - - - - - - 5,000 5,000 196,169 |
Expenditure £ (10) (29) (464) (3,776) (12) (350) - - (3,964) (8,605) (284,987) |
Gains/ (Losses) £ - - - - - - - - - - 68,254 |
Balance at 31 March 2024 £ 1,620 - - - 1,380 1,051 1,201 195 1,431 |
|---|---|---|---|---|---|
| 6,878 | |||||
| 1,028,614 |
Page 28
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Aim and use of designated and restricted funds:
Designated funds:
The designated building fund has been set up to provide for the cost of replacing the existing building and the emergency operations fund will cover the cost of alternative premises during building works.
The designated fund for the minibus running costs was set up in a previous year and the income includes voluntary contributions arising from the use of the minibus.
The designated activities fund has been set aside for various social activities and outings. A table tennis set was purchased in a previous year. The cost has been shown in fixed assets and the annual depreciation is shown as a charge against the fund.
The shop expansion project fund was set up by the Trustees in a previous year. The costs incurred have been shown in fixed assets and the annual depreciation is shown as a charge against the fund.
Restricted funds:
The restricted equipment, kitchen, garage and minibus purchase funds relate to funds donated specifically for these purchases. The items purchased to date have been capitalised and the expenditure is the related depreciation cost.
The social activities and events restricted fund relates to donations specifially made for various social activities and outings.
The cost of ipads restricted fund was set up in a prior year and relates to a lottery main grant received for the purchase of ipads. The costs have been shown as fixed assets and the expenditure against the fund is the related depreciation charge.
The training costs restricted fund was set up in a prior year and relates to a lottery main grant received to fund the cost of a professional trainer used to help local older people improve their access to online information and services.
The advertising costs fund was set up in a prior year and relates to a grant received from WSCC for advertising expenses.
The gardening project fund was set up in the previous year with grants received from Hassocks PC and Neighbourhood Fund.
The running costs fund was set up in the current year with a grant received from Postcode lottery.
Page 29
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
19. Summary of funds
Summary of funds - current year
| Designated funds General funds Restricted funds Summary of funds - prior year Designated funds General funds Restricted funds |
Balance at 1 April 2024 £ 572,941 448,795 6,878 1,028,614 Balance at 1 April 2023 £ 597,617 441,078 10,483 1,049,178 |
Income £ 2,726 210,758 50,000 263,484 Income £ 3,234 187,935 5,000 196,169 |
Expenditure £ (29,792) (240,333) (16,589) (286,714) Expenditure £ (27,910) (248,472) (8,605) (284,987) |
Gains/ (Losses) £ - 15,465 - 15,465 Gains/ (Losses) £ - 68,254 - 68,254 |
Balance at 31 March 2025 £ 545,875 434,685 40,289 |
|---|---|---|---|---|---|
| 1,020,849 | |||||
| Balance at 31 March 2024 £ 572,941 448,795 6,878 |
|||||
| 1,028,614 |
Page 30
AGE CONCERN - HASSOCKS & DISTRICT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
20. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Restricted funds 2025 Unrestricted funds 2025 £ £ 1,815 152,977 - 830,851 38,474 6,601 - (9,869) 40,289 980,560 |
Total funds 2025 £ 154,792 830,851 45,075 (9,869) 1,020,849 |
|---|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Restricted funds 2024 £ 4,658 - 2,220 - 6,878 |
Unrestricted funds 2024 £ 187,264 816,692 25,279 (7,499) 1,021,736 |
Total funds 2024 £ 191,922 816,692 27,499 (7,499) 1,028,614 |
|---|---|---|---|
21. Pension commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,020 (2024- £1,368). Contributions totalling £157 (2024 - Nil) were payable to the fund at the balance sheet date and are included in creditors.
Page 31