Charity registration number 1126170 (England and Wales) Company reglstration number 06655221 AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs M Thomson Ms K Smilh Mr P R Harris Ms EA Ogilvy Ms A Ledsham Ms J Langley Secretary Mrs K Crane Charity number (England and Wales) 1126170 Company number 06655221 Reglstered office Lewis Hous8 Swan Street Flint CH6 5BP Independent examlner DSG Caslle Chambers 43 Castle Street Liverpool L2 9TL
AGE CONNECTS NORTH EASTWALES (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Trustees, report Independonl examln&ls report Slalement of flnanclal activltles Balance shéet Not8S to the finandal stalements 8-16
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present Ihelr annusl report and financial slalements for lh6 y6ar ended 31 March 2025. The financial statements have bèen prepared In a¢¢ordance with th8 accountlng policies set out In note 1 to tho financl81 statements and comply wilh the charitable companvs Memorandum and Artides of Association, the Companies Act 2006 and "Accounling and Reporting by Charilies.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 102)° leffecilve 1 January 2019)- CharSty Information Age Connects North East Wales {ACNEWI was s61 up in 2001 originally as Age Concern North East Wales and has now bean established for over twenly years. In Ihal lime ACNEW has grown lo m8et the needs of th8 Increasing numbors of older people over 50 in Wrexham County and Flintshire. Oblectlves and activltles ACNEW'S misslon Is to support older people and their carers in having the best possible quallty of Ilfe. The charlty operal8s as a non-profit organisallon for the benefit of people who are 50+ liv5ng in Flinlshire and Wrexham County Borough. ACNEW alms lo achleve Ils mission by- ProvidSng responslve, person centred seNices to older peo8 and their carers Promoting safe and healthy living for 05der people Ralslng the image and profile of older people's lif6 issues Working in participation and co0p@ratIOn with olher likeminded organisalions Contlnuou81y developlng the organisalion In a suslain8ble. efficient, and effective way. The charity has specific obj8clives that enable it to achleve Ihese aims - To provlde timely and accurate Informallon, advlce. and other approprtala support on the r8ng8 of goods and seNIc8s available to older people and their carers. To advocate on behalf of older people and actlvely seek to promote Ih8ir views al slratagic commlltees of all statutory and other government bodiés. To Maxlmise the Income avallable lo and for older people and Iheir carers. through close and co-operatlve worklng wilh partner organisallons when approwiate. To research, Idenllfy and raise awareness of the unmat needs of older p80ple and Ihelr carers locally, To develop a volunteer-base where appropriale lo complement the delivery of servlces. To promote the safely and security of older peo In day-to-day living. To support the good health and wellbelng of older people through promoting physlcal acllvlly, the consumptlon of a health promoting dlel, and any olher activity thal can contribute la good mentallphysical health in older age. To promote the development of a wide range of leisure and social opportunities for older people, especlally any whlch help to bulld communily coheslon and brcak down the barrlers betwe8n generalinns. To promote, initiate, support, and develop a variety of melhods to ensure Uiat older people ar8 consult8d and Included in declslons that are made about services and olher matters that affeGI their lives. Publlc benefSt The trustees have paid due regard lo guidance i68ued by the Charity Commission in deciding what aclivities the charilabla company should underlake.
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance 2024125 was a good year for ACNEW wllh all services well received and a net surplus generated from operating acllvilies. ACNEW was pleased with Ils achievements and performanc6 across all SeiCe areas which included - Delivering a total of £1,394,833 in benefit gains for older people in Flintshir8 and Wrexham County Borough assisting with applications for entittemont lo benefits such as Atlendanc£ Allowance, Penslon Credlt and Housing Benefit. Asslstlng over 290 clients weekly, fortnlghtly or monthly by dellvaring 13,082 hours of support over 8,529 appolnlmenls through the Home Solutions service. This support covered cleaning, shopplng, assisted visits and companionship, which anabled older people lo remain independent and remain in thelr own homo. Provtdlng 58 Toenail Cutting clinics during 2024125 with 30 new clienls registering for Ihe seryic8. S8tting up a Winter Assistance Fund wilh donalions from local employerslorganisations to support vuln8rable older people slruggling to keep warm du8 to increasing energy Gosts alongsld8 the impacl of the new eligibility criteria for Ihe Winter Fuel Payment. Developlng new partnerships and joint working wlth Alrbus UK, Amazon Facllitl88 Deeslde, Dunelm Wrexham branch, Ableworid Moblllly & Stairlifts Queensferry, and Flintshlre Counly Coun¢il's Welfare Reform Team. Securlng additional fundlng from FCC'S Warm Hub monles and from Castl8 Gr88n Hom88 Ihrough the Mlsslon Green scheme. ACNEW'S older people support sethcés asslsled a total of 155 servlce users every we8k, meetlng performance largels and helplng to prevent homelessness for older people. Donatlons of £3,506 were received durlng the year. Flnanclal revlew Income for the year was £684.413 {2024: £579,658) and expenditure was £678.955 <2024: £544,947). Thls resulted In a sury)lus for the year of £7,458 {2024'. £34,711). As at th8 31 March 2025 the tolal unrestricted reseryes of the charlly (Including the In-year wrlte4own transfer of £1,985 from the Revaluallon Reserve) amounted to £367,450 {2024: £358,007). Wllh the conllnulng backdrop of a depressed economy and slgnificant cost of Ilving pressures, donatlons and legades Income of £3,506 for Ihe year was well down on Ihe £13,091 received In 2023124 and the lowest annual lotal recelved in the last decadè. The conllnued grovAh of the Home Solutions s6Nlce however. toge.ther wlth some reduced employee cost expenditur6 and energy cost savings enabled ACNEW to post an overall surplus of £7.458. Reserves pollcy 11 is the policy of the charilable company that unrestricled funds which have not been designated for a specific use should be main18ined at a level equivalent lo belwean three and six monlh's expenditur8. The Irustees consider that reserves 8t this level will ensure that, in the event of a slgnificant drop in funding, Ihey will be able to continue Ihe charitable company's current activities while consideration is given to ways In which additional funds may b8 ralsed. This level of reserves has b8en mainlained Ihroughoul Ihe year. The trustees have assessed Ihe major 11sks lo whlch the charitable company Is exposed, and are satlsfied that systems are in place to mitigale exposure to the malor rfsks. Plans for future periods ACNEW'S Review and Strategy meeting was held on 21 January 2025. The meellng was attended by Staff and Trustees and focused on the Toenail Cutting Social Enterprlse, revlewing Its slrenglhs, weaknesses, opportunllies and threats. Actions were agreed lo be completed during 2025126.
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structurei governance and management The charitable company is 8 company Ilmited by guarantee. Th8 trusleos, who ar6 also the directors for the purpose of company law, and who seNed during the ye8r and up to lh8 date of signature of the financial statements were: Ms M Pickering {R8slgned 24 September 2024} Mrs M Thomson Ms K Smith Mr P R Harris Ms E A Ogilvy Ms A Ledsham Ms J Lanoley ACNEW'S AGM on the 24 September 2024 was attended by Staff and Trustees. After the Annual Accounts were presented by Kale Srnith (Treasurer) they were approved 2nd Ihen signed by Mail0ri8 Thomson {Chairl. Maryorie Thomson was re-elected as Chair, Mabyn Pickering resigned as Vice-chair and as a Trustee, and Kale Smith was re_elected as Treasurer. Jennifer Langleyi Ann Ogilvy and Ann Ledsham were ra-alected, and Paul Harris was newly electéd to the Board. .ACNEW wishes lo acknowledge that all Trustees giv8 their time wthout remunerallon and thank them for théir valuable conlributlon, None of th8 Iruslees has any beneflclal Interest In the ¢ompany. All of the Iwsl8es are members of th8 company and guarantee lo conlrlbute £1 in Ihe evant of 8 windlng up. Our staff Two new st8ff members lolned ACNEWS older people support seNI(%s durlng 2024125 includlng an apprentl¢e Community Offl¢er on the Wrexham seNice. Durlng 2024125 ACNEW supporied both a firsl-year and a SeCnd-yOar sludent sodal work8r through Ihelr work placemenls. Our volunteers Most of ACNEW'S volunteers support the telephone befriending seNce and the Coffee Club on a Monday aft6rnoon. Tho charfty currently has 6 volunteers. Acknowledgéments The Board would like lo Ihank the following org8nisations and indlv]duals wilhoul whom it would not have been possible for the activities and successes described in Ihis annual report to have been dellvered- Flinlshlra County Council Wroxham County Borough Council Welsh Government Volunteer Bureau at FLVC and AVOW Wales Councll for Voluntary Action IWCVA) The Department for Work and Pensions Watkins Smllh <NWI Limited Clwyd Alyn Housing Ysgol Maes Hyfryd lan Llewélyn Jones Age Cymru Amazon Facilities Deeside Ableworld Mobility & Stairlifts Queensferry Castle Green Hornes Airbus UK
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees, report was approved by the Board of Trustees. Mrs M Thomson Truste8 11 September 2025
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AGE CONNECTS NORTH EAST WALES I report to the Iruslees on my examination of the financial slalements of Age Connects North East Wales {Ihe charitable wmpany) for Ihe year ended 31 Marah 2025. Responsibilitles and basls of report As the trustees of the charitable company (and also its directors for th8 purposes of company law), you are responslbl8 for Iha preparation of the financtal slatements in ac£ordanc8 with the requirements of the Companies Act 2006. Having sallsfied myself that the financlal statements of the charitable company are not required lo be audited und6r Pait 16 of the Companles Act 2006 and are ellglbl8 for independent examlnatlon. I report In respect of my examlnation of the charltable company's financlal stalemenls carried out under section 145 of the CharS1Ses Act 2011. In carrying out my examination I have followed the Dlffjctions glven by the Charlly Commlsslon under section 145(5){b) of the Charitles Act 2011. Independent examlner's slatement Slnce the charitable company's gross Income 8xcaeded £250,000. th8 independenl examlner must be a member of a body listed in section 145 of Ihe Charilles Acl 2011. 1 confirm thal l am quallfled lo undertake the examlnallon because l am a member of the Inslilue of Charlered Accountants in England 8nd Wales, which is one of the1Ssted bodl8S. I have completed my examinatlon. I confirm Ihal no matt8rs have come to my allenlion in connection wllh the examination giving me cause to believe thal in any material respect: accounting records were not kept In respect of the charitable company as required by section 386 of the Companies Act 2006. tho financial stat8menls do not accord with those records: or the Ilnancial statements do not rA)mply with the accounting requlremenls of sectbn 396 of the Companles Act 2006 other than any requirement that the flnanclal sialements glve a true and falr vlew, whSch Is not a matter consldered as part of an independent examlnalion. or the financial slalem8nls have not be8n prepared in accordance with the melhods and principles of the Statement of Recommended Practice for accounting and reporting by charities 8ppllcable to ch8rities preparing their financial statements in accordance wllh Ihe Flnancial Reporting Slandard applicable In the UK and Republic of Ireland (FRS 102). I have no COnrn5 and have come across no other matters in connecllon wllh Ihe Èxaminalion to which allenllon should be drawn in thls pOrt In order lo enable a proper understanding of lh6 finandal slatemenls to b8 reached. Jean Ellls BA FCA CTA DSG Chartered Accountants Castle Chambers 43 Castle Slreat Liverpool L2 gTL 11 September 2025
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Unrestricted funds funds 2025 2024 Notes Income from: Donations and legacies Charltable actlvllles Investments 3,506 675,500 5,407 13,091 563,058 3.511 Total Incorna 684,413 579,658 Expenditure on: Charitable acllvltle8 676,955 544,947 Total expandlture 676,955 544,947 Net Income 7,458 34,711 Oth8r rocognlsed galns and loss88: Ravalualion ol tanglble fixed assets 18,636 Net movement In funds 26,094 34,711 Re¢onclllatlon of funds: Fund balances at 1 April 2024 424,726 390.015 Fund balances at 31 March 2025 450.820 424.726 The notes on pages 8 to 16 fomi part of these flnancial siat8ments.
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Flxed asset8 Tangible assets 10 160,546 140,962 Current assets Debtors Cash al bank and in hand 11 52.290 303,533 29,791 293,075 355,823 322,866 Credltors.. amounts falllng due wSthln one year 12 {65,549) (39,102) Net current assets 290,274 283,764 Total assets less current Ilabllltlès 450.820 424,726 The funds of the ¢harltable company Unreslrlcled funds R8valuatlon reseNe 14 14 367,450 83.370 358,007 66,719 450,820 424,726 The charllable company Is entilled to thé exernption from the audll requlrement conlalned In sectlon 477 of the Companles Act 2006. for the year 8nd8d 31 March 2025. The trustees acknowledge their responslbillll8s for complylng wllh the requirements of tha CompanSes Act 2006 with respect lo accountlng records and Ihe preparallon of financlal stalemenls. Th8 members have not required the company to obtsln an audit of118 financial statements for Ihe year In questlon In accordanc8 with section 476, These financial statements have been prepared In accordance wlth the provislons applicable lo companies subject to the small companles regime. The financial 81alementS Were approved by the trustees on 11 Seplember 2025 Mr8 M Thomson Trusteo Company regislralion number 06655221 (England and Wales)
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles Charlty information Age Connects North East Wales is a private company limited by guarantee incorporated In England and Wales. Tho registered oflic8 is Léwis House, Swan Street, Flint, CH6 5BP. The principal activities of the charity are detailed in the Twst885' Reporl. 1.1 Accountlng convantlon The finanual stat6m8nls have bean prepared in accordance with the charitable coMpanS Memorandum and Arlic16s of Assoclation, Ihe Companies Act 2006. FRS 102 °The Financial Reporting Standard applicablo in the UK and Republlc of Ireland. I'FRS 102") Lind th8 Charilies SORP'Accounting and Reporting by Charities: statement of Recommended Practice applicable lo charities preparlng their accounts in accorilance wllh Ilie Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (eff8cliva 1 January 2019). The charitabl8 company is a Public Benefil Entity as defined by FRS 102. The financlal slal8m8nls are prepared In sterling, which is the funclional currency of the charltable company. Monetary amounts In these financial statemenls are rounded lo the nearest £. Th8 Ilnanclal statements have been prepared under the hlslorical Cost Convention, modlfied to include the revaluation of freehold propertl8s. Th8 principal accounting pollcl8s adopted are set out below. 1.2 Golng concern Al the ttme of approvlng the financlal slalements, the trustees have a reasonablo expeclatlon th81 the charltable company has adequate resources lo continue in operational existence for thè foreseeable future. Thus the trustees conllnue to adopt the going con¢em basis of accounling In preparing th8 financlal 8lal8menl8. 1.3 Charitable funds Unreslrlcted funds are avallabl8 for us8 at the dlscr8llon of the trustees in furtherance of thelr charltable oblectlves. Raslricled funds are sublect lo spedflc condllions by donors or grantors as to how thay may be usod. The purposes and uses of the restricted funds are set out in the notes to the flnancl81 slalements. 1.4 Income Income is recognlsed when the charilable company is legally entit18d to 11 after any performance conditions hav8 b86n met, the amounts can be measured rellably. and it is probable that income wlll be recelved. The followlng specific policies are applied to particular cal8g0ri8s of Incom8: Voluntary Incomè Is received by way of grants, donations and glfts and is induded in the Ststement of Flnancial Acllvlties (SOFA) when rec8ivable. Grants, where énllllemenl is not conditional on the delivery of a specific p8rfomiance by the oharlty, are r8cognlsed when the charity be¢i)m8s unconditionally entilled lo the grant. Incoming resources from grants. when relaled to performance and speclfic dellvorables, are accounted for as the charity earns the righl to consideralion by its perforrnance. Donated services and facllltles are included at the value to the charity where thls c8n be quantified. The value of SeNiS provided by the volunteers has not been induded in these accounts. Investment income is Indudéd when receivable. Incoming rosources from charftable trading activity are aCunted for when earned.
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting polieles {Conllnued) Legacies 8r8 recognised where there is entitlement, certainty of receipt and the amount can be meBsured wilh sufficient reliability. 1.5 Expendlture Expenditure is accounted for on an accruals baS 8nd has been classified under héadlngs that aggregate all costs related lo the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basls conslstent wllh the use of resources. Costs of generallng funds ¢omprfse Ihe costs associated with attracllng voluntary income and th8 costs of tradlng for fundr8lslng purposes Indudlng the charitS provislon of services. Charitable expendilure comprtses thosé eosls Incuffed by the chadty In lh8 dellvery of ils actlvllles and services for its benefiaarles. 11 Includes both costs that can be allocated dlreclly lo such acllvltles and Ihose costs of an indirect natur8 necessary lo support them. Govern8nce costs Include thos8 costs associated with meeting th8 conslilulional and statutory requlremants of the charity and Include th8 audit fee and costs linked lo the slra18gic management of the charity. All costs are allocated between the 8xpendllur8 ca18gorisè of the SOFA on a basls deslgned lo reflect the use of resourcés, Costs relating lo a partlcular aclivlly are allocated dlreclly: others are apportloned on an appropriate basis. 1.6 Tanglble flxed assets Tanglble fSxed assets are Inltially measured at cost and subsequently measured al cost or valuallon, n81 of d6pre¢latlon and any Imp8lrment losses. Depreclallon Is recognlsed so as lo wrlle off Ihe cost or valuatlon of 8ssels less their resldual valu8s over IheSr useful lives on the following bases: Land and bulldlngs Fixturas, fittlngs & equlpmenl 50 years 3 years Stralght Ilne depreciation is provided for on all property. fumiture and equipmènt with a finite useful Ilf8, with provision made from the first financial year following acquisilion. The galn or loss arlsing on the disposal of an asset is determlned as Ihe difference belwe8n thè sale proce6ds and Ihe carrying value of the assel, and is recognised in net incofflel(expenditure) for th8 year. 1.7 Impairment of fixed assets At each reporting end dale. the charitable company reawS the carrying amounts of Ils tangible and inlanglble assets lo delemiine whelh8r there is any indicallon that those assets have suffered an Impalment loss. If any such indication exists, the recoverable amount of the assel is estlmated In order to determine the extent of the Impalmienl loss (If any). 1.8 Cash and cash equivalents Cash and Gash equivalents include cash in hand. deposits held al c811 with banks, other short-term liquid Investments with original maturilies of three months or less. and bank overdrafts. Bank overdrafts aro shown within borrowlngs in current liabilities.
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies {Continued) 1.9 Financlal instruments The charltab18 company has eleated to apply Ihe provislons of Section 11 'Baslc Flnandal InstNments' and Sectlon 12 '01her Financial Instruments Issues. of FRS 102 to ail of ils financial instruments. Flnancial instruments are recognised in Ihe charilable company's balance sheet when the charitable company becomes party lo Ihe contractual provislons of the Instrument. Flnanclal ass81s and liabllili8s are offset. with the nel amounts presented In the financial stalemenls, when there Is a legally enforcoab18 Tlght to sel off tha recognised amounts and th8r8 is an intentlon to sellle on a net basis or to r8alise the asset and seltle the liability simultaneously. Baslc flnanclal assets Baslc tinanclal assets, whlch Indude debtors and cash and bank balances, are Inltlally measured 81 transacllon price Including transaclion costs and are subsequently carried al amortlsed cosl uslng th8 effecllv8 Snleresl method unless the arrangement constitutes a finanng Iransaclion, where thè transaction is measured at the present value of the futur8 r8celpis discounted at a mark81 ral6 of Intsrast. Fln8ncial assets classlfled as receivable within one y8ar are not amortised. Impalrment of financlal assets Flnancial assets, other than those held al falr valua through Income and expendllure. are assessed for ndlcalors of Impalrmenl at ea¢h reportlng date. Flnanclal assets are Impalred where Ihere Ss oblectlve evldence that, as a result of ona or more events that occurred after th8 Inlllal recognltlon of the financlal asset, the eslimaled futur8 cash flows have been affected. If an assot is impalred, the Impairment loss Is the difference b8twaen the carrylng amount and the present value of the eslimaled cash flows discounted al the asset's origlnal effective inl8rest rate. The Impalrment loss is recognised in nel incom81{expendilur61 for year. If ther8 Is a decreas6 in the impairment loss arising from an evenl occurring after the impairment was recognlsed, the Impalrment Is reversed. The revers81 Is such that the ujrrent carrying amounl does not exceed what the ¢arrylng amount would have been, had the Imp81nnent not prevSously been recognised. The Impalmient reversal Is recognised In nel incom81{8xpenditure) for the year. Derecognltlon of flnanclal assets Flnancial a8sels are derecognised only when tha conlraclual righls lo Ihe cash flows from Ihe ass8t explre or are sellled, or when the charitable company transfers th8 financial asset and substantially all the dsks and rewards of ownorshlp lo anoth8r entity, or if some significant risks and rewards of ownershlp aro retained but control of the asset has transferred to another party that is able lo sell the assel in ils entirety lo an unrelated thlrd party. Baslc Ilnanclal Ilabllllles Basic financial liabilities, including creditors and bank loans 8r6 initially recognised al transaction price unless the arrangomenl constitutes a financing Iransaclion, where the debt Instrument is measured al the present value of Ihe future paym6nts discounted at a market rate of interest. Flnancial liabilities dassifi6d as p8yable wilhin one year are not amortised. Debt Instrumènls are subsequently carried at amortised cost. uslng the effective Inl6rest rate method. Trade creditors are obllgatlons to pay for good8 or servrces that have been acqulred in the ordinary course of operations from suppliers. Amounts payab18 ar8 classified as current liabilities if paymenl is due wlthln one year or less. If nol. they are presented as non-current liabilÈUes. Trade creditors are recognised inilially at transaclion price 8nd subsequenlly measured at amortrsed (x)st using the effecllve Interest method. 10-
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountlng policies {Contlnuedl Derecognition of financial liabllltles Flnanclal liabllllies are derecognlsed when Ihe charltable company's contractual obllgatlons explra or are dlscharged or cancelled. 1.10 Employee bèneflts Thè cost of any unus8d holiday entitlemenl is recognis8d in Iha perlod In which the employee's servlces are recelved, Termlnation ben6fils ar8 iecognised ImmedSateW as an expense when the charitable company Is demonstrably cornmitted to termlnale the employment of an empEoyea or lo provide termination benefits. 1.11 Retlrement b8neflts Payments lo dèfined contribution retlrem6nt benefil schemes are charged 8s an expense 8s they fall due. Income from dona¢ions and legacles Unréstrlctèd Unrèstrlcted funds funds 2025 2024 Donatlons and glfts 3,506 13.091 Income from charltable actlvllles Unrestricted funds 2025 Unrestrlcted funds 2024 Income from charitable acllvilies SeNice grants (see analysis below) 356.676 318.824 258.205 304,851 675,500 563,056 Servlce grants Flintshire County Council and Wrexham Counly Bori)ugh Council Age Cymru Moondanc8 Foundation Other 317,224 1.600 290,135 1,600 10,409 2,707 318,824 304,851 11
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from Invèstments Unrestricted Unrestrlctod funds funds 2025 2024 Interest receivable 5,407 3,511 Expendlture on charltable actlvitl8s Unrestrlcted Unre6trlct8d funds funds 2025 2024 Dlrect cost3 Staff costs (see nola 8) Depreclalion and Impairm8nt Acllvitles undertaken dlrecuy 529,303 5,625 135,892 433,375 4,432 101,174 670,820 538.981 Share of support and governance costs {see note 6) Govem8nce 6,135 5,966 676,955 544,947 Analy51s by fund Unrestricted funds 676,955 544,947 Support costs allocated to actlvitles 2025 2024 Governance costs 6,135 5,966 Analysed betwoen.. Independent examination fees Accountancy Chlef Offlc8r 2,974 1,234 1,927 2,832 1,133 2,001 6,135 5,966 Trustees None of the trustees {or any pèrsons connected with them) receivad any remuneration or benefits from Ihe charilable Gompany during the year. During Ihe year, the trustees received a lotal of £ntl {2024= £nil) in expenses from the charily. 12-
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees The 2verag6 monthly number of employees during the year was.. 2025 Numb&r 2024 Numb&r Services Administratlon 37 32 Total 41 35 Employment costs 2025 2024 Wages and salaries Sodal securlly costs Other pension costs (see note 13) 484,560 20,207 24,536 392,935 18,778 21,662 529,303 433,375 There were no employees whose annual remun8ralion was mofe than £60,000. Remuneration of key management parsonnel The remunerallon of kay management personnel was as follows.. 2025 2024 Aggr8g8le compansallon 45,696 54,810 Taxatlon The charlly Is exempt from lax on income and gains falllng within section 505 of Ihe Taxes Act 1988 or section 252 of tha Taxallon of Ch8rgeable Galns Act 1992 lo the extent Ihat these are applled lo ils charitable objects. 13-
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Tangible fixed assets Land and bulldlngs Flxtur•s. flttlngs & equipment Total C05t or valuation Al 1 April 2024 Addillons Revaluallon 150,000 14,410 6.573 164,410 6,573 5,000 5,000 At 31 March 2025 155,000 20.983 175,983 Deproclatlon and Impalrment Al 1 AprS12024 Depreciallon charged In the year R8valuallon 13,636 3,875 {13,636) 9,812 1,750 23,448 5,625 (13,636) At 31 March 2025 3.875 11,562 15,437 Carrylng amount Al 31 March 2025 151,125 9,421 160,546 Al 31 March 2024 136,364 4.598 140,962 Land and buildings wlth a carrying amount of £151.125 were revalued al Aprll 2024 by Celt Rowlands & Co. Chartered Surveyors, Independenl valuers not connected wilh the charllable company on th8 basls of market V81ue. The valuallon conforms lo Intemalional Valuation Standards and was based on market Ir8nsa¢tions at that Ilme on arm's18nglh terms for slmllar properties. The Board has revlewed this value 8131 March 2025 and consider It still approprlate to cary the value of the properly al this amount. Al 31 March 2025, had the revalued assets been carri8d at historic cost less accumu181Gd deprec5atlon and accumulated Impalrm6nt losses, their carrying amount would have b88n approximately £69,995. 11 D8btors 2025 2024 Amounts falllng due wlthln one year: Trade debtors Other debtors Prapayments and aGcTued Income 17.139 2,635 32,516 8,785 2,751 18,255 52,290 29,791 14-
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Cyedltors: amounts falling due withln one year 2025 2024 Other taxallon and social securily Trade creditors Accruals and dèferred incoma 4,298 60 61.191 1,902 3,988 33,212 65,549 39,102 13 Retlrement beneflt schémas 2025 2024 Dèflned contrlbutlon schemes Charge to proflt or loss in respe¢l of dafined contrlbulion schemes 24,536 21,662 The charitable company operates a defined contrlbution penslon schéme for all qualifylng. employees. The assets of the scheme are held separatety from those of Ihe charitable company In an Independently adminlslerÈd fund. 14 Funds (unrestrlcted and revaluation reserve) The unreslrlcled funds of th8 charity comprise the unexpended balances of donalions 8nd gr8nls whlch are not subject lo specEflc conditlons by donors and grantors as to how they may be used. and Ihe suipluses lor olherwlse) from tradlng activilles undertaken. Th8 revaluallon reseNe contalns the gains made by the charity arislng from Increases in the valLte of Its propèrty {Lewis House). It records unrealised galns arlsing slnce August 2019 when the reserve was crea18d. At 1 Aprll 2024 Incomlng resources Resources èXP8nded Transfers Galns and At 31 March losses 2025 Land and buildlng reseTve fund Bulldlng repalr and malnlenance fund Employee costs contingancy fund General funds 60,990 (3,875) 57.115 64,704 8.639 73,343 57,201 175,112 (2,344) (4,310) 54,857 182,135 684,413 {673.080) 358,007 684.413 (676.955) 1,985 367,450 Revaluation reseNe 66.719 {1,985) 18,636 83,370 424,726 684,413 (676,9551 18,636 450,820 15-
AGE CONNECTS NORTH EAST WALES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Funds (unrestrlcted and r6valuatlon reserve} {Contlnued) Previous year: At 1 Aprll 2023 Incomlng resources Resources expended Transfers Gains and At 31 March lossès 2024 Land and building reserve fund Bullding repalr and malntenan¢e fund Employee costs contlngency fund General funds 64,399 <3.409) 60,9go 46,389 18,315 64,704 46,374 163.866 10,827 (26,874) 57,201 175,112 579,658 (541,538) 321,028 579,658 {544.947) 2,268 358,007 Revaluallon reserve 68,987 (2,268) 66,719 390,015 579,658 (544,947) 424.726 Land and building resetve fund - thls fund réflects the hislorlcal cost value as at 31 March 2019 (1.8. prior to revaluallon) of the property owned and used op8rallonally by th8 charity, net of depreclatlon on the historical cost value. Bulldlng repalr and malntenance fund Ihis fund has been establlshed for the purpose of defraylng expendlture on the répalr and malnlenance of Lewls House. Employee costs conllngency fund - thls fund has been set up to meat employee cost conllngencies as and when they arise across servl¢e provlslon. 16-