AGE CONCERN DURHAM COUNTr Company Number: 06431030 4 County Durham ageuK Age Concern Durham County (trading as Age UK County Durham) (A company limited by guarantee) Audited Financial Statements for the year ended 31 March 2025 R•g18tored Charlty Numbor: 1122008 AGE CONCERN DURHAM COUNTY Table of Contènts Y•ar ended 31 March 2025 Charily Reference and Adminislrative Details Trustees, Annual Report Report of the Independent Auditors Statem8nt of Financlal Activitles 12 Balan¢8 Sheet 14 ststemenl of Cash Flows 15 Notes to Ihe Flnanclal Ststements 16 AGE CONCERN OURHAM COUNTY CharSty Reference and Admlnlstratlve Delalls Year endod 31 March 2025 Reglstered Offlce Houghton House Belmont Buslness Park Durham DH1 1TW County of Incorporatlon United KlThJdom Boaril of Trustees Truslaos Denise Elliott - Chalr Paul Phyall- Deputy Chalr Mark Local - Honorary Treasurer Anthony Armslrong David Marrln Emma Elizabeth Curran Jeff Walson Kay managemènt p•r8onnel Chief Executiv8 Inlomialion and Advice Manag8r Programm8 Manager Retall Manager Finance Manager Robyn Holme8 Sharon Vasey Hllary J8mie$on Llnd8 Ritchie Sarah Turner to 31 Ma￿h 2025 Soonyeong Chol from 1 April 2025 Charlty Number 1122008 Company Numbor 06431030 Company S•¢r•tary Robyn Holmes Sonlor 31atutory Audltor David Holloway BA FCA DChA Ind•p•nd•nt Audltors RMT Ribchesters Finchale House B81mont BUSI￿$5 Pa Oakmere Durham DH1 1TW Prlnclpal Bankers Lloyds Bank 19 Market Plac8 Durham DH13NL Sollcltors Ward Hadaway Sandgale House 102 Quayside Newcastle upon Tyne NE13DX Page 1 of 28 AGE CONCERN DURHAM COUNTY Trusle•8' Annual Report Y•ar éndad 31 March 2025 Th8 Trust888. who are the Directors for the purpose of Company Law present their annual dire¢lor's report together with the financial statements of the Charity, which are also prepared to me8t the requifements of a directors. report and accounts for Companles Acl purposes. The financial Stslements comply wllh the Charities Act 2011. the Companies Act 2006, the Memorandum and Articles of ASs(￿latIon and A¢¢ounllng and Reportlng by Charilies.. Statement of Recommended Practlce {SORP). appllcable to charitles preparing their accounts In accordance wlth the Flnancial ReportlrwJ Stsndard applicable in the UK and Republtc of Ireland (FRS102) (effective 1 January 2019). OBJECTIVES AND AcnwTIES To promote the following purposes for the benefit of people aged 50+ prfnclpally but not excluslvely. In and around County Durharn. Assisting people In need by reason of111-health. disability. financlal hardship, soclal 8xclusion or other dSsadvantage. Preventlng or ￿lieVIng povety- Pfomotlng equality and diversity. Advanclng education. Promoting human rights. Preventing or r8llevlng sicknè8s, dlsease or Suffedng both physlcal and mental. The outcome of th18 belng to posiliv8ly Iransfomi the agélng exparience In County Dufham. We are 8 mémb8r of the Age England A&80dallonlA9e UK org8nisation$ and group8. Ag8 Concern Durham County became a Brand Partner of Age UK and commenced Iradlng as Age UK County Durham from 1 st April 2011. However, it femalns an independent autonomous local charity. Fundral8lng Standards Infomiatlon Fundralslng income {Sncluding other Income trading actlvltles) is approxlmately 210h ol tha overall income ol the charlty. In all fundralslng y￿ abide by the FUndraI￿ng R8gulatofs Code of Fundralslng Practice. Age Con¢effl Dutham County onty contact8 cllents in line wlth General Oata Protection Regulatlons. During 2024125 w8 did nol use a professlonal fundraiser or commercial partSclp8ior to raise fund8, Publlc B•n•llt Stat•mènt The Charity exists for the public beneflt and our Memorandum and Artlcles of A880clatlon commit U8 to Ihe wellbeing ol all older people, thelr families and carers and durln9 the year wa have continued lo ensure Ihat we meet those obligations. We undertake to influence pollcy and practlce and change vlews about agelng In order to create a grealer understanding of the n8eds of older p80rAe both in temis of their care and the opportunitles they seek to h81p make later Ilfe a fulfillin9 experionce. We are committed to the effectlve promotlon, developrnent and d8llvery of good quallty seryice8 and products to enable people lo gel the most from later lrfe. Our mission is 'Enabling people to have happy. healthier. longer lives,. The organlsatlon has adopted the following strateglc objectives to enable it lo fulfll its alm of improvlng tha quality of Ilf8 for older people In County Durham. w0￿1ng b)Ih alone and in partnership bNith other agencies we intend to concantrate our efforts and re80urces in pursuil of the following.. Promoting good physical and mental health and active life in older age. Supporting older people at home so that they can retain their Ind8pend8nce. Promotlng social inclusion. Influencing policy and practice by ralslng awareness of issues affectlng older people and combating age dlscriminatM)n. Enabling older people lo Influence the declslons that affect Iheir lives. Encouraging and enabling the development of new seNices and support to oldar p8ople in response to local needs and the needs of older paop18 Ihemselves. Page 2 of 28 AGE CONCERN DURHAM COUNTY Trustees, Annual Report Yoar ended 31 March 2025 STRATEGIC REPORT ACHIEVEMENTS AND PERFORIJIANCE Informatlon and Advlc• - Thls service remain5 a key activity for the organisation, provlding information on a wide range of financial, health and social care topics. 4724 enquiries were provided with general advic8 and w8lfar8 banaflt Snformatb)n resultlng in £8,002,000 benefits being claimed: an increase of 64% on ihe pr8viou$ year. Home visits lo clients contlnue with 1268 visits made. The Infonnation and Advlco servlce has been working in partnershlp with many organisations to provlde an outreach s8r¥ic8 in Communities including St Cuthberts Hospke, Durham and Dadington Carer8 and l(Kality teams. The Warm Homo8 Dlscount schemo . funded through Age UK exce8d8d Its targel delivery delivering 590 sesslons. 206 clients were offered mor8 In depth one lo on8 SUPPOrt to resolve financial issues. funded Ihrou9h the Povety Slrategy Group. Chapter SO Informallon and Advlc• - 18 SUPPOrting the dellvery of on8-to￿ne advice to Ihe m08t vulnerable and isolated people across Ihe County through fundlng from the National Lottery. Rotall - The ￿ retail outlets. Superstore and Hldd8n Boutlque have recovered w811 from the forced closures due to the pandemi¢. Incorne from Ihe sale of donated goods has lota118d £242,000. a 110/0 increase on th8 prevlous year. Glft Aid has risen to an av8rage 47%. Actlvltl•s programm• - 33 activities covering exercls8. craft8, dance and culture have been delivered to approximately 293 individuals, Delivery has been posslble through fvnding from Sport England, Ballinger Twsl, Awards for All and durin9 the year 641 sessions have been held across the county vAlh 4170 attendances. Tho Shed - based In Belmont offers sessions in upcycllng and woo¢tsorklng. liem8 created are to be sold in the charfty's retail stor8s. Additlonal wood worklng and crafting $8sslons have been popular, S•v•n lunch club• - take place each month with an average of 22 people aged 50+ attendlng. 48 volunl88rs supported Ihe projed. Mental Wellbelng . Funding has again baen secured thmugh the CCG to develop a mental health support programme for peopk aged 50* living with IcAv mood, anxietie8 and depresslon. The programmo has employed two psycholherapists, Iwo wellare workers, and a physlotheraplst. and has received 7186 contscts and supported 442 people aged 50+ living with anxieties. low mood and depr8sslon. A rolllng programme ol Cognltlvo Sllmulallon Th•rapy has been d8llver8d a¢r0&8 the County for people wlth mlld to moderate dementla. This work has helped 25 older people and carers lo connect wlth others and maintain their health. Tho Help at Home proJèct- 8UPPOrt8 those people aged 50+ who are isolated and requlre asslstance wllh shopping. During the year, 1,013 shopping tasks were completed, 446 of whlch were online shops, 567 face tr) face lobs completed by 7 volunteers. Chapter 50 Future You - Fund8d through th8 National Lottery programme. ihis project alms to support people aged 50-69 liv8 longer healthl8r later Ilv8$. Commencing in October 2024. the two-year project focused cm communitie$ in Newton Ay¢liffe and Waardale, aims lo support 500 people aged s￿69 per year. The Dlgltal Incluslon programme ofwork has delivered funded by Bèllev• and ICB. Household Support Fund administered by Durham County Council during the months O¢tober 2024 to March 2025 enabled Age UK County Durham to deliver 7595 hot meals lo an average of 353 dienls per month. 100 vouchers totalling £5.000 supported 98 peoplo aged 50+ with food and essentlal Pufchases. Older Poople In Prfson Servlce - Age UK County Durham host an Actlvitle8 w0￿er on behalf of Age UK North Tyneslde to deliver activity sessions in ThJrham4)ased prlsons. During the year the organisation has continued lo develop its webslle, and this can b8 found at WV*W.ageuk.org.ukJcountydurham. We also use social media in the fomi of Facebook, Twitter and Instagrdm. Page 3 of 28 AGE CONCERN DURHAM COUNTY Trustees, Annual Report Yèar ènded 31 March 2025 ACHIEVEMENTS AND PERFORMANCE (Contlnu•d) Each projecuservice afea is rnnilofed against a plan detalling key perforrnancè indlcator (KPIS). milestones and resources requlrad. Proiecl Managers are required to provide monthly reports on activty, Outputs. outcomes and cllent satisfaction. Trustees recelve quarterly finance and project reports detailing Pfojecl activity and perfomance against KPIS. Plans for Fulufe Perlod$ Ago Concern Dutham County will contlnue addreSs1￿j the needs and aspiratlons of individuals aged 50 and above livlng and working in County Durham. Our focus will be on promotlng and devèloplng Chapter So, providing opportunities to address health inequalltles, and offering choices and options for living and aglng well. Fulura Initiatives will target preventlon, vulnerabllltles, dementia, and soclal isolats'on. We wlll continue to: Dlverslfy incom8 81r8ams and increase self-9enerated unrestrtcted Income. Malntaln excellence In delivering servlces to help old8r people Ilve fulfilling live8 In County Durham. Maintaln hlgh standafds across governance arKI managem8nt. Develop our website and soclal media presence, Maintain the Age UK CQS standard. Raise the profile of Age UK County Ourham, Devèlop and improve communicatlons both internally and extemally. Support lo Oth•r8 We support older people's group8 acro98 the county in addition to the netsvork of local Age Concern Groups who are in membefshlp wilh us. R•pr•8ontatlon We contlnue lo ￿present the view$ of the older populatlon vhthln a range of fornal and infomial networt(s. At a county lev81 we have been f8pf8senled on. for example: Advice in County Durham Partnefshlp Safe & Wellbeing Partnership Safeguarding Adults Board Reslllence Group Better Togeiher (Durham Community Actlon} Ageing Well Health and Care Forum M8nlal Heallh Transfonnation Sulcld8 Preventlon Alliance Menial Health Strategy Group Page 4 of 28 AGE CONCERN DURHAM COUNTY Trust•¢s' Annual Report Year ended 31 March 2025 FINANCIAL REVIEW In what continues to be an increasingly Challenging environment for fundlng, the Trustees consider the financial position of the organisation tr) be sound and continue to review Ihe fundraising strategy to ensure thal sufficient fijnds are availabl8 for fulure years. Age ConGem Dutham County recognises that al any time lis accounts will hold both reslrkted funds, vthich are monies held subject to $pe¢ific conditions sel by a donoror fund8r, and unrestrictèd fvnds. 11 is the policy of Age Con¢em Durham County to allocate a pn)portion of its unreslrictad fijnds for certain destgnat8d purposes and to hold the balance as a General UnreslrEct8d Fund. The Truste8s recognlse Ihe significant work put in by the Senior Team. partiGularty the CEO, to source funding to maintain and further expand the charSty'8 servlces to the Gommunity of County Durham. We thank ihe following for their financlal 8UPlXIrt'. Age UK, NHS North Easl and North Cumbrla ICB, Durham County Council, National Lottery. 881iev8 Houslng, Sport England North East. Ballinger Charltable TNSt, Sky Comfflunlty Fund and individuals who glve donations. The organisalion is a member of thè Fundraising Regulator. There were no reportable complalnts received during the year. R•80m8 Pollcy The Charity's lolal reserves as at 31 March 2025 w8r8 £2,723.000 of which £580,000 w8r8 re8trtct8d funds. The Charity recognl8e8 that these restricted funds are mon18$ held subject to Speclfic condltlons set by the donor or funder. Free resaNes are calculated as unrestricted r888Nes that are freely available and are the net current assets of th8 ch8rity, excluding restricted and d8slgnat8d funds. As at 31 March 2025 free resernes are calculated as totalllng £1.087,000 (2024., £1,068,000). The policy of the organisation is to hold free reseries approximately equlv8lent to twelve months, nomial revenue expenditure, currently forècast to be lo £1,1 $8,000 per annum. This will enable the organlsatlon to ¢onlinue lo operate and malntaln services should Ih8r8 b8 any InlerNption in any of its fundlng sourc8s and to provide resources lor any slgnificant mainlenance vmrk required to Age UK House. Thls policy is reviewed annually In the light of an annual risk audlt and such advice as may be tendered from tirne to tlme by the organlsatlon's audllors. A Property Fund has been 8Stablished vlth a bala￿e equal to the net book value of Age UK House. whlch at 31 March 2025 was £153,000. In addition, an Investmanl Propéty Fund has been created to reflect the fair value of the portlon of Age UK Hous8 thal Is avallable for rental. Followlng a upward revalualion of £23,000. the balance of this fund at 31 March 2025 is £500,000. Together. these two funds onable the malorlty of the Charity's non-liquid reserves to be clearly identified. In prevlou8 years Ihe charity had partlcipated In a muStS-employer defined benefit pension scheme however thls path¢ipation ceased some time ago. A Pension Deslgnaled Fund was creat8d to provlde for the settlement costs of the organisalion's remaining penslon deficlt. During this financlal year th1$ pension liability was fully settlad. and there is no outslandlng balance shown in Ihe Balance sheet within Creditors. The Investment Fund for retail dev8lopment, whiGh had a balance of £62,000 al 31 March 2025 {see note 15.2) was cr8al8d for investment In developirvJ our own Independent network ofcharity shops. Slgnlficant progress has been made In 8labili*ng Ihe Charity's retall offer. and as a result, the deslgnated fund was not requlred during 2024125. The Trust88s Intend lo conlinue reseNing these funds to support fetail 8Ctivlty, r8cogni8ing the ongoing challen￿8 presented by cosl of Ilvlng pressures and increases to the National Living Wage. In pr8vIous y8ars, to enable servic88 to continue in Ihe event of a temporary drop in income a designated fund131 March 2024: £217,000) was ¢realed which would support the running costs of projects, primarily staffing cosls. In r8cognltion ol an increasing rlsk regarding continuation of some of the charity's long standlNJ funding arrangements, In partlcular local authority contracts. The furKI is used in the avant that fundiThJ ceases and acts as a brfdge until such tirne as new fundlng can be obtained or, as a last resort (although this has nol been necessary this financlal year), thal services ¢an be wound down in such as way as to r8duce the direct impact on vulnerable older people using these servlces. This desonation has allowad for a ran9e of social acllvltles. digital work and programme management (o continue to be 8UPPOrted by dedicated staff throughout the financial year al an annual cost of £114,000. It is the Trustees intention lo incr8ase the designated fund held by £159,000 leaving a fund valu8 of£262.000 to continue to be held lo ensur8 that essential services can be malntained should futuffj funding Interruptions occur. A further Designated Fund continues lo be held to support actfvlties for older pec>ple where the Charity acts as an enabler and for vthlch short-temi funding is unavallable. Page 5 of 28 AGE CONCERN DURHAM COUNTY Trustee$, Annual Report Year ended 31 March 2025 FINANCIAL REVIEW (contlnued) Reserveo Pollcy (Contlnued) This fund addresses the incr8asing challenges in securing funding for activill8s such as fri8ndship groups, lunch Glubs, and exercise ¢lass8s, allowing such groups to Gonlinue operats'ng until new funding can be $e¢urad. During the year ended 31 March 2025, expenditure from the fund totalled £7.000, leavlng a balance of £8.000, vthich will contlnue lo be avallab18 to support thasé 8SS8ntial actlvltles should future fundlng shortfalls arlse. Surplus cash funds a￿ placed on short-tam d8POSit either ￿ fixed or variable rate terms with a range of major banks. thus allowlng the spread of funds to mitigate any potential risk. Page 6 of 28 AGE CONCERN DURHAM COUNTY Trust••8' Annual Report Year ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng document Age Con¢em Durham County is a company limiled by guarantee govemed by its Memorandum and ArtKles of Association daled 29 October 2019. It Is registered with Ihe Charity Commission. There are currenlly 7 members, each of wthom agrees to contribute £1 in the event of the chaity wlnding up. Appolntm•nt of Tru$t••s and Trustoes Inductlon and Tralnlng We are responsible to the Charity CommissioneTs for conducting the affalrs of the Charity in a pn)per and lawful manner, Our Board of Trustees consists of Trustees elected at ead) AGM by the memb8rs. VaGqncies, whlch are advertised in Ihe local press, may b8 filled by co.opted Truslees up to the next AGM. On their appointment Trustees are glven Inductlon and tralnlng, with further training b8ing mad8 available as approprlate. Sklll audits a￿ US￿ to ￿entIfy training needs. A Trusi88 handbook has been developed to assist Trustees. Trustees sep4e a lemi of 3 years and must then seek reryelection. The Chalr can senie 2 consecutive temis of 3 years only. Organlsatlon The Board of Twsteés meets at least 4 times a year and is responslble for the govemance of Ihe organisation inGluding as$6ssment of the financlal poslilon of th8 Charlty and monitoring of its resources. Senior officers of the Charlty are present at thesa meetings. The Board of Trustees devolves some of It8 work to sub-groups from time to time, These groups have fornial tem18 of reference, and any reports or recommendatlon8 are iemitted to the Board ofTrustees for d8cislon or approval. Day to day op8rallonal re8pon8lblllty for the Charity ha8 been d818gated to the Chlef Ex8culiv8. The 8oard of Twstees receives quart8ty reports from thè Chlef Ex8CUtlve and oiher senior Staff on operational matters and from the Honorary Treasurer on financial perfomiance. Decisions on matters wlth 81gnlficant Impllcations for the organlsallon 8re broughl to the Board of Tmstees the8e Include.. Organlsational priorities All matters of risk to the organlsatlon - In partlcular r880urce and repuialional risk Significant onJanl8atlonal chang8 Major Inillallves Policy fomiation and dev81opmenl Pay poll¢y for 8•nlor 8taff The dlrectors who are the Charity's Trustees glve thelr tlme freety, in their role of Irust88. and no director received rernunerallon In the year. Details of directors, expenses ar8 disclosed In note 8 to the 8c¢ounts. The senior managem8nt team comprfses the key management personnel of the Charity. The dlrectors revlew the pay of senior staff annually and, in nomial clrcumslances. Increases are in line with inllation, When conslderfng Inflationary pay awards, the dlrectors lake account of rises glven In other otrdanisations and benchmark pay levels againsl those in similar voluntary sector organisations. Related Partles Age Concem Durham County Trading Llm5ted Is a wholly owned subsidiary of the Charity incorporated In the UK and has been domianl slnce 31 March 2022. Transactions with directors are shown in Note 21. Rlsk Managem•nt The Trustees have a Rlsk Management Stralegy In place. This requires a register of identified rfsks to be maintalned and strategies to be put in place to mlnlmise these identified risks wherever possibl8. This register is regularty updated and viewed by the Trustees at quarterly inteNals. A Business Continuity Plan has b88n d8V8loped. The Trust8es Carried a fvll operational risk assessment in 2024-25. Thls hlghllghted areas of strength, weaknesses and threats. The Trustees have addressed the weaknesses and threats in the operatlon and have ¢ontingen¢ies and procedures in place lo deal wlth them. Page 7 of 28 AGE CONCERN DURHAM COUNTY Truslees, Annual Report Year •nded 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT (contlnued) Rlsk Manaymènt (Contlnued) We stlll maintain the Age UK Charity Quality Standard which wa8 assessed by SGS. Our achievement of the Organisattonal Quality Standards recognises the hlgh standard of our performance as an organisation. It certifies Ihat we are a well- govemed and effective organisailon committed lo the wellbeing of older people. our staff and volunteers and to working in partnership wlth others. The Standards are externally assessed by industry laaders SGS and endorsed by the Charity Commlsslon. We also hold the Advice Quallty Standard and the Ag8 UK Informalion and Advlca Quality Standard. Ind•mnlty Insunnc• Indemnlty Insurance. whlch cover8 the trustees, staff and volunteers is in place. Statamont of Tru$lé•A' Responslbllllles Tho Trustees (who are also dlr8Ctors of Age Conc8m Durham County for the purposes ol Company law) ar8 respon￿ble for preparing the Truslees. Report induding th8 Slrat89ic Report and the financial statements In accordance with applicable law ar￿ United Kingdom Accounting Stsndards {Uniled Kingdom Gan8r81ty Accepted Accountlng Practice). Company law requlres the Trustees to prepare financial sialemènts for each financial year. Undercompany law, the Trustees must not apprové the financial statements unless they are satlsfied that they give a true and fair view of the state of affairs of the Charity and of Its incoming resourGes and appllcatlon of resources, indudlng it8 Income and expendllure, for that period. In preparfng these financlal statements, Ihe Truslees are requlred to.. select sultabl8 accounling pollcles and than apply them consistently. obseNe tha melh¢xl$ and princlples In the Charilles SORP (FRS 102). make judgamenis and estimates that are reasonable and prudent, Stale whether appllcabl8 UK A¢countlng Standaids IFRS 102) have been followed, subject to any malarfal departures disclosed and explained in tha financial $taleménts. pr8pare the financlal stalements on the going concem basls unless it 18 inapproprfate to presume that the Group will contlnue In operation. The Truslees aro ￿sponSIble for keeping adequate accountlng records that are sufficient to Show and explain the Chadty's IraDsa¢tion$ and dlsclos8 with reasonabl8 accuracy at any time the financial poslllon of the Chafity and anabl8 thom to ensure that the financial siat8m8nts comply with the Companies Acl 21x16. They are also responslble for safeguardin9 Ihe assets of the Charity and hence for tsking reasonable Sleps for the prevention and detscuon of fraud and other irregularltl8s, Dlsclo8urn of Inforniatlon to audltor• Each of the persons who are Trustees al the tlme when thls Trustees, Report Is approved has confimed IhaL' Trustee is aware, no relevant audlt Information of whlch th8 Charitys auditor is unaw8r8; and Trustee ha8 taken all sleps that ought to have been taken as a Truslee in order to b8 aware of any relevant audit Infomiatlon and to 8slablish that the Charity's audltor Is aware of thal Infomiatlon. The Trustees approved thls raport on 29 July 2025 which has been prepared in accordance wilh the spedal provlsions relating to small companies of the Companies Act 2006. Slgned on behalf of the trustees. D Elilott, Ciiali Page 8 of 28 AGE CONCERN DURHAM COUNTY Report of th• Indep•nd•nt Audltors to the Mémbors of Age Concefn Durham County Year endod 31 March 2025 Oplnlon We have audited the financial statements of Age Concem Durham County for the year ended 31 March 2025 vthi¢h comprise the slatemenl of financlal actlvit18s, the balance she8t, the statement of cash flows and th8 related notes, including a summary of slgnlllcant accounting policies. Th8 financial reporting fr8m8work thal has been applied in their preparation 18 applicable law and United Kingdom Accountlng Standards, Including Financial Reportlng Sl8ndard 102 Th8 Flnanclal Reporting Standard applicable In the UK and Republic of Ireland, (United Klngdom Generally Accepted Accounting Praclicel. In our oplnlon the financlal statements,. give a true and fail view of Ihe State oflhe charitable company's affairs a8 at 31 March 2025 and ofthe incoming r8sources and appllcallon of resourc88, including its income and 8XP8ndilure for ihe y8ar th8n @nd8d' have been properly prepar8d In accordance wlth Unbled Klngdom Generally Accepted Accountlng Praciice: and have been prepared In accordance wlth the requlrem8nls of the Companles Acl 2006. Ba81s lor oplnlon We ￿ndUcted our audlt In 8ccordance with Inlemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibllltles under those standards are further descfibed in the Auditors, responsibilities for the audit of the financial statements section ofour report. We are independent of the Charitable Company in accordance wilh the ethlcal requlr8menls thal are relevant to our audlt of the financlal slaternents In the Unlted Klngdom. Including the Flnanclal Reporting Councll's Ethlcal Standard, and we have fulfilled our olh8r elhical r8sponsibililie$ in accordance with the8e requirements. We believe that th8 audit evidence we have obtained is Sufficient and appropriate to provide a basi8 for our oplnlon. Conclu8lon8 relatlng to golng ¢onc•rn We have nothlng to report In re$pecl of Ihe followlng matter3 In relatlon to whlch the ISA8 (UK) requlre u8 to report to you whore: the Trustees, use ofthe going concam ba818 ofaccountlng In the preparation ofthe financl81 statements18 not appropdate; or the Trustees have nol disclosed In the financlal statements any Identlfled matedal uncertalntles that may casl slgnlflcant ¢Joubt about the Charitable Company's abllity to continue to adopl the going concem basis of accounting for a period of at least twelve month5 from the date when Ihe financial statements are aulhorised for i8sue. Oth•r Inforniailon The Trustees are iesponslble for the other Infomiatlon. The other Infomiatlon compdses the Informallon Includ8d In lh8 Annual report. other than the financlal statements and our Auditors, report thereon, Our opinion on the financial stalements doe8 not cover the other Infonnatlon and, except lo the extent otheThYise explicitly slated in our report, we do not express any fomi of assurance conclusion thereon. In connection wllh our audll of th8 flnanclal stat8m8nts, our responslblllty18 to read the other information and, in doing go, consider whether the othar Infomiallon Is materially Inconslst8nt wllh the financlal statements. or our knO￿edge obtsingd in the audlt or othe￿ISe appears to be materially mi551ated. If we identify such material inconsistencies or apparent material mlsst81ements, we are required lo detemiine whelher there is a material mi8Statement In the financlal slatements or a material misstatement of the olher Infonn8tion. If, based on the work we have performed. we conclude that there 15 a material misstalem8nl of this other Infomiatlon. wa are required to raport Ihat fact. We have nothlng to report in this regard, Oplnlon on olhor matt•r8 prescribed by the Companles Act 2006 In our oplnlon, based on the work undertaken in the course of the audit.. Ihe infomiailon glven In the Trustees, report Including the Strateglc report for the financial year for vthiGh the financial statements are prepared is consistent with the financial stalernents. the Trustees. report and the Stra18gic report have been prepared in accord8nc8 wlth appllcable18gal r8quirem8nts. Page 9 of 28 AGE CONCERN DURHAM COUNTY Réport frt thè Indepondent Auditors to the Members of Age Con¢em Durham County Year ended 31 Mar¢h 2025 Mall•r$ on whlch w• are requlr•d to report by excoplion In the light of our knowledge and understandlng of Ihe charitable company and its environment obtained in the course of the audil, we have not identified rnaterial misstatements in the Trusteas. report includirvJ the Strategic r8POrt. We have nothlng to r8POrt in respect of Ihe following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion: Ihe Charltable Company has nol kept adequate and sufficient accountlng records, or returns adequate for our audlt have not been re￿iVed from branthes not vlslted by us., or the Charliab18 Company financial statements are nol in agreement wlth the accountiNJ records and relums: or certaln disclosures of Trustees, remun8ration spechfied by law are not made., or • we have not re¢oived all the informatlon and explanations we require for our audlt. Ro8ponslbllltlas of truste08 As explained more fulty in the Trustees, responsibilities ststement, the Trustees (who are also the directots of thè chafltable company for the purpos88 of company law) are responsible for the preparation of the financial statements and for being satisfied thal Ihey give a true and falr vlew. and for such Intemal control as the Trustees detemiine18 necessary to enable the preparntlon of financial 8tai8ments that are fr8e from material mlsstatement, whelher due to fraud or eThor. In preparing Ihe financial statements. the Trustees are re8ponslble for assessing the Charftable Company'8 ablllty io conllnue as a going ¢Mcem. disclosing, as applicable. matters relaled to going concem and using the golng conc8m basi8 of accounting un18ss the Trustees either intend to liquidate Ihe Charitable Company or lo cea88 operations. or have no reallstic altemative but lo do so. Audllor8' re8pon8lbllltlos for lh• audlt of the flnanclal $tat•m•nts Our obieclives are to obtain reasonable assurance about vtt￿ther the financial 81atements as a whole are fr88 from materlal mlssl818ment, wh8ther du8 lo fraud or error. and to issue an Auditors, report thal include8 our oplnlon. Reasonabla assuranc8 15 a high level of as8uTance but 1$ not a guarant88 that an audlt conducled in accordance with ISAS IUK) wlll always delect a malerlal missiatement when it exlsls. Misstatements can arise from ffaud or efror and are considered material if, individually or In the aggregate. they could reasonably be expec18d to Influence Ihe economlc decisions of users taken on the basls of these financl81 statements. Irrègularflle$, Including fraud. are instsnces of nonacornpliance with laws and regulations. We daslgn procedure8 in line wllh our r8sponslbllities. lo dalect material misslatemenls In reSp￿t of Irregularflies, including fraud. Our audit must b8 alert lo the risk of rnanipulailon of the financlal statements and Seek to understand the Incentives and opportunltles for managemenl to achleve this. We und8rtak8 the ft>llowlng procedures to Identlfy and respond to these rlsks of non-¢ompllance: Understandlng the key legal and regulatory frameworks that are applicable to the Charitable Company. We ¢ommunicaled Id8n11fl8d laws and regulations throughout the audit team and remained alert to any Indications of noncompliance thfoughoul the audlt. W8 detennined Ihe fflost slgnificanl of Ihese to be around employment law, charity law. company law, health and safety law. taxation law and GDPR. Enquiry of directors and management as to polici88 and proce(lure$ lo en8ur8 compliance and any known in5tsn¢es of non-compllanc8 Review of Board mlnutes and correspondence with regulators Enquiry of directors and management as to areas of the financial stalements susceplible to fraud and how these risks are Managed Challenging management on key estimates, assumptlons and judgements mad8 In the preparatlon of the financial statements. Th8se key areas of uncertainty are disclosed in the accounting policies Identifying and testlng unusual joumal entries. with a particular f(￿u8 on manual journal entries. Through these procedures. did nol become aware of adual ¢y suspecl8d non-compllance. We planned and performed our audit in accordance with auditing standards but owing to th8 inherent limitations of procedures required in these areas. thewe is an unavoldable risk that we may not have detected 8 material misstalement in the accounts. Th8 further removed nonrycompliance wilh laws and regulations Is from the events and tran8acllons reflecled In th8 financial slalements, th818ss likely we would become aware of It. Page 10 of 28 A6E CONCERN DURHAM COUNTY Report of the Independent Audltors to the Members of Age Concèrn Durham County Y•af ended 31 March 2025 AudStors' rèspon$lbllltl•$ for the audlt of the flnanclal statements (ContInu￿1 The risk of not detecting a material misstatement due lo fraud Is higher than the risk of not deteGting one resulting from error, as fraud may involve concealment, collusion, forgery. misrepresenlalions, or ov8rride of intemal controls. We ar8 not responsible for prev8nlir¥J non•cofflpliance and canrM)t be expected to detect noncomplianc8 with all laws and regulations. A further d8scrfptSon of our responsibililies for the audit of the financial statements Is located on the Flnanclal Reporting Council's websit8 at: www.frc.o .uklaudStorsr8s onslbill This description forms part of our Auditorfs Report. Use ol our report This report is mada $018ly to th8 charllablé company's membars, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit Work has b88n und8rtak8n so that we mlght state to th8 charitable company's members those matters we arè Trquired to state to them in an Audilor&' report and for no other purpose. To the fullesl extent Pe￿￿tted by law. w8 do nol accept or assume responsibility to anyone olher than the charitable company and Its members. a8 a body, for our audit work, for this roport. or for Ihe opinions we have fomed. Davld Holloway BA FC DChA (S•nlor Statutory Audltor} for and on b8half of Sumer Audilco Limited Reglstared Audltors Finchale Hous8 Belmont Business Park Oakmere Durham DH11TW Date.. Page11 of28 AGE CONCERN DURHAM COUNTY Slalemenl of Financial A¢tivitle8 Ilnduding Incom8 and Expenditure Account and Total Recognlsed Gains and Losses) Year endod 31 March 2025 Note Unrestrlcted Funds £'ooo Restrlct•d Funds £'ooo Total Funds 2025 £'ooo Total Funds 2024 £'ooo Incomo from Donations and legacies 92 92 88 Charltabla actlvltles Grants to provlda charitabl8 activities Client faes 36 632 864 14 14 Other tfadlng a¢tivltles Charity Shop income Fundralsing incorne 242 242 218 Invaslmenl8 Bank interest and Property 126 128 99 Othor Total Income 511 640 1,151 1,285 Expendltur• on Ral$lng fund8 Tradlng & Olh8r fundraising costs 209 28 237 211 Charltable actlvltlo8 590 889 976 Total oxpendlture S08 618 1,126 1,187 N•t Incom 22 25 Unrealised G8inl{Loss) on inveslmenl propety 23 23 Nel mov•rn•nt In fund8 26 22 48 98 Reconclllallon of funds Fund balances as at 1 April 2024 2,117 558 2,675 2,577 Fund balanc8 as at 31 March 2025 2,143 580 2,723 2,675 The Stalement of Flnancial Activities includes all gains and10s88s recognlsed during the year. All income and expenditure are derlved from continuing actlvllles. Th8 notes on pages 16 to 28 fom part of Ihese ffinanclal statements. Page 12 of28 AGE CONCERN DURHAM COUNTY Comparallvo Slat•m•nt of Flnanclal Acllvltl•$ (Including Income and Expendlture Account and Total Recognised Gains and Losses) Year ended 31 March 2024 Note Unre8trl¢t•d Funds £'ooo Reslrlcted Funds £'ooo Total Funds 2024 £'ooo Income from Donatlons and legacies 86 Charltable acllvltlos Grants to provide charitsble activities Client fee8 864 14 othér tradlng actlvltlès Charlty Shop income Fundraising income 218 218 Inva8tment8 Bank Interest and Pn)perty 99 Oth•r Total Incom• 427 858 1,285 Exp•ndltur• on Ra181ng fund8 Trading & Other fundTalslng costs 211 211 Charltable actlvltlos 60 916 976 Total •xp•ndltur• 271 916 1,187 N•t mov•m•nt In fund• 156 (581 98 Reconclllatlon of fund• Fund balances as al 1 April 2023 1.961 616 2,577 Fund balance as 8131 Mer¢h 2024 2,117 558 2,675 Page 13 of 28 AGE CONCERN DURHAM COUNTY Balanco Sh8•t Y•ar ended 31 March 2025 Not• Charlty 2025 £'ooo Charlty 2024 £'ooo Flxed Assets Tangible Fixed A8sels Inv8stm8nt property Fixed Asset Investmant In Subsidiary 224 238 477 10 13 Tolal Flxed Assets 724 715 Curront Assets Deblors Cash at bank and in hand Short Term Deposits 87 66 1,981 122 112 1,969 Tolal Current Assets 2,134 2,203 Crndltor• Creditors 12 (135) <2431 Not Curr•nt A•••l• 1,999 1,900 Total Net Assets 2,723 2,875 Fund8 R•8trl¢t•d Funds Restrlcled Unr•strlct•d Funds General Propety Investment Property Designated 15 580 558 1,158 153 500 332 1,149 157 477 334 Total Funds Carrl•d Forward 2,723 2,075 The financlal statements have been prepared in a¢¢ordanc8 vAth the provisions applicable to companles subject to the small companie$ reglm8 and in accordance wlth the Charlties SORP IFRS 102). Approved by the Board of Trustees on and 8lgned on their behalf ty D Elllott (Chalrj The notes on pages 16 to 28 form part of these financial Statements, Company number: 00431030 Page 14 of 28 AGE CONCERN DURHAM COUNTY Statemqnl of Cash Flows Year ended 31 March 2025 Nole Charfty 2025 £'ooo {121) Charlty 2024 £'ooo 265 Cash flows from oporallng acllvltles 19 Cash flows from Invèstlng actlvltle8 Oividends, inl8rest and r8nts from invéstments Purchas8 of prop8ty. plant. and 8qulpm8nt 110 <23) 85 (91 Nat ¢a8h flow8 uud by InV￿lIng actlvltlos 87 76 Change of cash and cash equlvalents In the reportlng perlod (34) 341 Cash and cash equivalents at the beginniTrJ of the perfod 2.081 1,740 Ca•h and cash oqulval•nt8 at tho end of the porlod 2,047 2,081 Cash and ¢ash oqulvalents ¢onsl3t ol: Cash at the bank and in hand Short tem) deposits 112 1,969 1,981 Cash and cash •qulval•nt• at 31 M•r¢h 2025 2,047 2,081 Page15of28 AGE CONCERN DURHAM COUNTY Notes lo th¢ Flnanclal Statement Year ended 31 March 2025 A¢counling Policle8 Bas18 of Preparatlon of Account8 The financlal statements have been prepared In accordance With th8 Charities SORP IFRS 102) . Accounting and Reporting by Charities.. Statement of Recommende3s, wilh the a$8ociated cost6 included in fundraising costs. Grants of a revenue nalure are cradlt8d to income In the peri on revaluation at falr value Falr v•lu• at 31 March 2025 500 10.1 Falr Value of Investmont Property The falr value of the Investrnent property has been revl88d to £500.000 as at 31 Ma￿h 2025 {2024., £477,000). No Independent valuation was undertaken durlng the year and the trustees consider the current valuation to be approwl8te. 11 Dobtors 2025 £'ooo 77 10 2024 £'ooo 52 70 Prep8yments and accfued income Trade Deblors Total d•btors 87 122 Page 22 of 28 AGE CONCERN DURHAM COUNTY Notos to the Flnanclal Statement Year ended 31 March 2025 12 Crndltor8: Amounts Falllng Duo Wlthln One Year 2025 £'ooo 45 23 48 2024 £'ooo 107 60 45 Accruals TTade Creditors Daferred income Other creditors Taxation + Soclal Securfty 17 31 Total cradltors 135 243 13 Tradlng Company Age Concem Durham Tradlng Limlt8d Is 8 wholly own8d subsldSary of th8 charlty, Incorporated In thè UK. As the¥e was no Iradlng durlng the financial year ended 31 March 2025, the company is dormant. The company is exempt from audlt by virtue of sectlon 479A of the Companies Act 2006. Flxed Asset Investments- 8ubsldlary Undertaklng Cost and Nat Book Valuè As al 1 Aprll 2024 and 31 March 2025 The Charity's investment in share capitsl is in the domianl company. Age Concem Durham County Tradlng Llmlled. The company reported a profit of £nil for the Current financial period (2024,. £nill and had total Gapitsl and weseNes of £2 at the end ol the period12024- £2). 14 Analys18 of Net A88•t$ 8•twMn Fund8 N•t A•••l• B•tw••n Fund8 - Currnnt Year Unr•strlctod Funds £'ooo 204 500 1.119 45 (57) D•8lgnatad Funds £'ooo R•8trlct•d Funds £'ooo 20 Total 2025 £'ooo 224 500 2,047 87 <1351 Flxed as8ets Investment prope Cash and current investments Current assets Current118billtlas 332 596 42 (78) Total net assets 1.811 332 580 2,723 Net A8Wts B•tw•on Fund8- Prlor Year Unrestrlctod Funds £'ooo 202 477 1,205 42 (143) Deslgnated Funds £'ooo Restrlctod Fund8 £'ooo Total 2024 £'ooo 238 477 2,080 122 12421 Fixed assets Investment prop8ty Cash and current investments Current assets Current Ilablllties 334 541 (99) Total net a88018 1,783 334 558 2,675 Page 23 of 28 AGE CONCERN DURHAM COUNTY Notes lo the Flnanclal Statemont Y￿r endad 31 March 2025 15 Funds 1 S.1 R￿trIcted Funqls Rostrlctod Fund8- Current Yoar Balanc• at 1 Aprll 2024 £'ooo 10 Income Expendltur• Balanc• at 31 March 2025 £'ooo 10 £'ooo £'ooo Age UK Sundry Granls Banks community shed CCG Mental Health Support Chief Executive projects IXC Advocacy ICOL) Information & Advlc8 North Road Premises Social aclivilies Woodshed Nalional Lottery- Chaplef 50 1 & A DCC - Household Support fund National Lottery - Chapler 50 Future You Age UK- A Place to Call Home ICB - Digltal Access to Health Belleve in Digitsl National Lottery - Cultur8 Companion8 Sport England - Social Slep8 {1) (179) {1) {82} {89) 128) (10) (1} (72) (70) (18) {25} (191 {12} (7) (41 367 250 438 17 89 84 84 70 19 56 72 70 18 25 12 Total ro6trlctod funds 558 1618) $80 R•8trl¢t•d Fund8- Pravlous Y•ar Balanc• at 1 Aprll 2023 £'ooo 10 Incomo Expendlture 8alance at 31 March 2024 £'ooo 10 £'ooo £'ooo Age UK Sundry Grants Banks Community shed CCG Mental H8alth Support Chlef Executive projects Come Eat Together Cosl of Llvlng (Age UK) DCC AdvocaGy ICOL) Olgltal Inclusion ESF Household Support Grant Information & Advice MCST Mindfulne$8 North Road Prernises Pre.Frailty Soclal activilie8 Together Fund Warm Activities Woodshed 314 270 {218) (2) 366 37 {39) {571 {321 {151 (1861 (190) 1151 {9) 1161 {8) 1951 {51 1261 74 17 32 15 43 217 15 70 100 84 23 73 25 Total r•8trl¢t•d fund8 616 856 (914) 558 Page 24 of 28 AGE CONCERN DURHAM COUNTY Notes lo the Flnanclal Statement Year ended 31 March 2025 15.2 Unr•8trl¢t•d Funds Current Year Balance at 1 April 2024 £'ooo 1,149 157 477 Incom• Expendlturo Transfers Gain Balance at Losses 31 March 2025 £'ooo £'ooo 1.158 153 500 £'ooo 511 £'ooo 13831 14) £'ooo (119) General Property Investment pmperty D8slgnated Pension d8ficil Retail SeNi¢es Activiiies 23 40 62 217 15 (40) 62 262 11141 17) 159 Total 2,117 511 1508) 23 2,143 Pr•vlou8 Yoar Balanco al 1 Aprll 2023 £'ooo 1,153 161 477 Incom• Expfrndllurfr Transf•r8 Galn81 Balance at L088e8 31 March 2024 £'ooo £'ooo 1,149 157 477 £'ooo 427 £'ooo {266) {4) £'ooo (165) General Propgrty Inv8slment property Designated Pension deficit Retall Services A¢tivitie8 62 67 62 217 15 150 15 Total 1,960 427 {270} 2,117 Page 25 of 28 AGE CONCERN DURHAM COUNTY Note8 to the Financial Slatsment Year endod 31 March 2025 15.3 Fund De8crfptlons UnfOStrlcted Funds Unrestricted funds ara avallab18 for the general purposes of the charity and may be used at the trustees. discreti¢)n. Full Nam• General Fund Propety Fund Investment Propefty Designated - Pension Deficit Deslgnated - Retail D8signated- SeNic8s De8lgnated- Activities Dascrlptlon R8pr8sents funds thal Can be used fr)r any of Ihe charity's activith'e8. Created to match the n8t book value of Age UK House. Represents investment property held at fair value. Set aside to cover histori¢al pension deficit costs and relaled legal fees. EamiaTked for the development of charfty shops. To cover seNlces not currently funded by external sourc8s. To support groups and activities lor older p8opI8. Rgstrlcted Funds Rastrlcted funds musl be used for sp8cIflc Pufposes as 8et by the donor or grant providei, Full Narn e UK Sundry Grants Banks Community Shed CCG Mental Health Support Chief Executive Projects Advocate Funding {COL> D•$crlpiion For the Keèp Wami Ke8p Well project. For d8pr8cialion costs of the Communlty Shed. For Mental Health Support and Wellbeing interventlons for Older Persons. For prohects In Ilne N￿th (he charity'5 ob.￿ts as detemilned by the Chief Executivo, For provisi¢)n of cost-of-llvlng advice & InfO￿allOn funded by Durham Colknty Council. For the provlslon of Infomiation & advice 8eNfc8s to the Older People of County Durham For rent and depreclalion costs al North Road premises. For provlslon of a ran98 of social actlvltles for Older People including exerci8e classes. frlerKlship grou and other actlvltles. To provide woodwork activltles for Older People. Alms lo work intensiv81y on a one-to-one basls wlth th8 most vulnerable pres8nling clients lo resofve tha Issues that cause orexacerbale financial vulnerabillty or crlsls. The service aims to bulld the resllience. confidence, and $kills of all cllents that Ihey ma liv8 safe and Independent Ilves. For financial support to older people In County Durham, funded by Dufham County Counal, to alleviate some hous8hold expenses and 8UPPOrt W8llb81ng by provision of hol meals and slmilar activities. Nallonal Lottery lunded, supporting people aged 50-69 in Weardale and Newton Aycliffe. The project seeks to address health and wider inequalllles through the provision of financlal and wellbeing SUPPM)rt lo enable people to prepare for a healthy and fulfilling r￿reMent. In partnership Mth Age UKISkipton Building Society, to provide one-lo-one holislic advice s8sslons to P8opI8 ag8d 50+. supporting them to Ilve well and independenlly in safe, secure, and warm homas. ICB funded project providing digital support to adults aged 50+ across County Durham, with a focus on access lo tha NHS App. For d￿lIa1 support In Crook & Wlllington, focusing on Believe Housing tenants. National Lottery Awards for All funded, tacklin9 loneliness through cultural aclivities. Sport EnglarKI funded, Pfomoting physical activity Ihrough dance-based activities in high inactivity areas across County Durham. Infomiation & Advlce North Road Premlse6 Soclal Actlvities Woodshed Chapler 50 I&A Household Support Fund Chapter 50 Future You A Place lo Call Home Dlgltal Access to Health Believe in Digital Culture Companlons Soclal Steps Page 26 of 28 AGE CONCERN DURHAM COUNTY Notes to tho Flnanclal Statement Y¢ar ended 31 March 2025 18 Comrnllmeni8 Undér Oporatlng L•a$•$ Total future minimum lease payments under non-cancellable operating loases are as follows,. 2025 £'ooo 65 64 2024 £'ooo 65 128 Not later than one year Later Ihan one but not later than five years Total 129 193 17 Recelvables Under Op•ratlng Lease Total future mlnlmum lease receivables under non-cancellable operating leases are as follovrn,. 2025 £'ooo 46 2024 £'ooo 38 Nol lat8r than on8 year Later than one but not later than five years Total 232 36 18 P•nslon Sch•m• D•fin•d Conlrfbutlon The charlty operates a defined contributlon pension scheme. The penslon cost charge for the year represents Ihe contributions made by the chaflty. lotalllng £29,00012024 - £26,000). Ther8 wer8 no oulsLqndlng or pr8pald contdbutlons at th8 beglnning or end of the financial year. A98 Concem Durharn County contrlbuted 5% for full members of the penslon scheme and between 4V• and 5% for aulo-enrolled members. Ernployee ¢onlributions were at 5D/o for full rnembers and ranged from 4% to 5% for auto. enrolled members during the reporting period. Auttrenrolled members have the option to increase their contribution5 to a maxlfflum of 5% al any time. As at the balance sheet dai8, there were 28 active employee memb8r8 of the Flaxlble Retlrement Plan. Defln•d Beneflt Schem• There were no active fflembers of the Growth Plan 3s at the balance sheet date. Age Concem Durham County no longer offers meMbe￿hIp to Its ernployees. Thè employer debt whlch Stood al £31.000 and was held in Ihe Balance Sheet under creditors as at 31 March 24 was S8tt18d In full durlng thi8 ffinancial year. Page 27 of 28 AGE CONCERN DURHAM COUNTY Notes to Ihe Flnanclal Statémant Year •nded 31 March 2025 19 Reconclllatlon of Net Mov•m•nt In Funds to Nol Cash Flow from Operatlng Actlvltlos 2025 £'ooo 25 37 (66) (44) 35 (108) 2024 £'ooo Net movement In funds Add back depreciation ¢harge Deducl intsresl income shown In investing aclivities Deduct propety income Decreasel(Increase) in debtors Incr8asèl(D8cr8ase) in creditors {44) {41) 123 Not cash provlded by operallng actlvlll 265 20 Anal￿18 of Net Dobt At 1 Aprll 2024 £'ooo 112 Cash flow £'ooo (46) At 31 March 2025 £'ooo Cash at bank and In hand Total 112 Llquld rese￿OS Short tern deposlts 1,969 12 1,981 Total Ilquld r•8•rv•s Total 1,969 2,081 12 1,981 2,047 (34) 21 R•lat•d Party Transactlons Ourlng the yeaf, the charlty engaged the Gompany (Emma Hlgnett Ltd) of a trustee to provide profe88ional seNlces In relation to PR and brand design. The trustee was paid a total of £300 for these services. The payment was mad• in accordance wlth the charity's goveming documents and relevanl legal requlrements, including Gomplian¢e wlth the Charity Commi$$ion's guldance on InJst88 payments. The tNslee dld not participate in any de¢ision-maklng process relaling to iha engagoment or remuneration for these seNIc8S. All transactlons were conducted on an ann's len9th basis and were considered to be In the best interests of the charlty. No balance was outstsnding al year end {2024.' £nll) and no olher related paty tran8actlon8 occurred during the year. 22 Company Umlt•d by Guarantee The charity is a company limlt8d by guarantee, incorporated In the United Kingdom. In the event of the charity being wound up, tho liablllty of each member 18 Ilmlted to £1. The chadty's r8gist8fed office address Is: Houghlon House. Belmont Industrial Estats. Durham, DH11TW. Page 28 of 28