Charitv reei51ration numh@r 11?A£6S IEn8l¥Thd Walesl Company reeistfation number 06785041 AGE UK NORTH CUMBRIA ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
AGE UK NORTH CUMBRIA LEGAL AND ADMINISTRATIVE INFORMATION Trnttees Mr stuart Irvin8 (Chairl Mr5 Brenda Hill (TaSurI Mrs Jeannie Pè51ey Ivice Chairl MrAndrew 5hekell Mr Chris Fuller Ms Gillian Linton M5 Aljson Hampson Senlor managément tpam Alison Arnbrose Johanna Foster Chief executive officer Other senk)r management Charlty number 1128565 Company number 06785041 Règistered office 20 Spencer Street Carlisle Cumbria CAI IBG Audltor Saint & Co. Sterllng House Wavell Drive Rosehill Carlisle CAI 2SA
AGE UK NORTH CUMBRIA CONTENTS Chaies report Trustees, report Independent auditorfs repDrt 7-10 ststement of linanc¢al activities li 8alance sheet ststernentof cash flow5 14 Note5to the nnancial 5wemenTS 15-35
AGE UK NORTH CUMBRIA CHAIR'S REPORT FOR THE YEAR EIVDED 31 MARCH 2025 Age UK North Cumbria rernalns dedicated to irnprovinE the live5 of older people across our region. Overthe pJ5tyear. we have taken slgniflcant Steps forward most notab expandin8 our area of operation from Carlisle and Eden to include West Cumbrfa, Teflerted in our name change to AEe UK North Cumbria This chanEe reflects OUT ongoing commitment to meetin8 the needs of older people whereverthey lfve, ensurlng that supportand a(IvKe are acce55ible to all who need them. As part of this growth. we have Invested In new Premises and services acmss West Cumbri4 including the opening a new advice and retsil outlet in WDrkington and further outlets in Keswick and Cockermouth. These developments mark an exciting new chapterfor the organisation. strengthenlng our presence in local rcmrwnities and allowing us to reach mts people than Èver befoTe. The pastyear has also brought unprecedented challenges. Risingemployer National In5ufdnEe contrsbutions. the ongoing cost- of-Iivin8 crisis, and the increas1r popularty of onllne resale platforms have all plad pressure on our resources and rÈtra Ferformance. In addith?n. fluctuations in value of donated goods have fvrther impacted in¢Dme. Despite these headwlnds, Age UK North Cumbr13 contlnues to show remarkable resilien thanks to the hard worK commitmen¢ and creativity of our staff. volunteers. and partner5. We have continued to deliver a wlde range of essentTal servi$ 10 thou5and5 of older people. from information and advi to social support. helping Indivlduals maintrin their independEnce, dignity. and wellbeing. We have a150 5trenEthened our collaboration with local èuthoritles, the NHS, and other voluntsry sector partr£rs, ensuring older people remaln at the heart of our shared commuTrity efforts. Looking ahead, we remain optimlstlc and ambitlOU5. The expansion Into West Cumbrla offers new opportunltle5 to innovate, build partnerships. and develop servlces ihat flect the changing needs of our ageing kX)pulation. We will continue to adapt to financHI and soclal challenges with determination and cornpa551on. gulded byour mission to make later life a more posltlve and fvmlling experience for all. On behalf of the eoard ol Trustees. I would like to emtend rny heartfeltthank5 to all 5tsff. volunteers, stspporters, and my fellow trustees for their ongoing dedication and enthusiasm. Together. we continue to make a tsnEible difference in the Ilves of dder people across North and West Cumbria. Stuart Irving Chalrman Date.. 1i1.lil.LS
AGE UK NORTH CUMBRIA TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH2025 The trustees present their annual report and financial statemÈntsforthe yearended 31 March 2025. The financial statements have been prepared in accordance with the accounting policie5 set out In note I to the finaThclal staternent5 and compty with the charity's goveming document. the Companie5 Act 2006 and "Accounting and Reporting by Charitie5.' Statement ol Recommended Practice applicable to charlties preparing their account5 in accordance with the Financ*1 Reporting Stsndard appltcable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Oblertlves and artivltles Summary of the objetts ofihe ¢harity Age UK North Cumbria seeks to promote the relief of elderly people in any mannerwhich now or hereafter May be deemed bv law to be charltsble in and around North Cumbrla or otherwise In the County of Curnbria Ihereinafter called "the area of benefit'l. Mi55ion Statement Age UK North Cumbria seek to promote the £ontributions olde¥ people make to society and to promote their interests by workin8 Wlth and for them to help make older life a fulfilling and enjoyable experience. We have ferred to the Èuidance contained in the Charity Commi55ion's general guidance on public benefit when reviewing our alms and objectives and in planning our future actNities. In particular. the trustees condder how planned activitTes will contribute to the aims and objectives they have set. Charity'5 alms and the ChareS It seeks to make throu£h its activilie$ To Improve the quality of life ol frail and elderly people To help towards the maintaining of independence To broaden interest and stimulate 5elf-improvement To combat loneliness To promote health and a healthy lifeste To provide advice and information ro be alert for opportunities to influence and educate publ opininn nvpr it%ll•s whlch eont•rn th• vAllbein£ of the elderly population and to be ready if necessary to campaign on their behalf. ro explore new OppOrtune$ and respond to them and to engage Sn research especially into areas of need within To work with and look for ways ol co-operaiin8 Wlth statutory and other voluntary bodies and increase our ability to influence service provision with our key partner5. To promote link5 Wlth other AEe UK organlsations and trj plty #n 3pprowiate part in thg A8e UK structUTCd Ot national, regional 3nd county level. To ensure the highest standards in all our enterprises. To provide an apDroprlaie structure of manaeem@nt. g31arlpd WDrkers and vtslunt90rs tO8•ther with appropriate eqtsipment to 5USt3in and develop these a3$. To raise and maintain the finance needed to achieve all these èlm5. The trustees have paid due regard to Euidance Issued by thÈ Chxrity Cnmmission In dotlding what 3Ctlvities the charity should undertake. AthiÈvements and pèrForman¢e Age UK North Cumbria are 5UPFQrted by the dedicatlon and cornmitment of its strong team of 120+ volunteers to cleliver the services and actwities which are so vital to older people in North Cumbria. Volunteers a our m05t valuable and vital asset and brlng a unigue perspettive to our work offering over two hundred hours per week of voluntary service. We are also inéebted to the ChaiT and Board of Trustees for their leadership and direction. Between 2024125 Age UK North Cumbria helped and supported over4.505 older people In the North Cumbria area.
AGE UK NORTH CUMBRIA TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORn (CONTINUED) FOR THE YEAR EAIDED 31 MARCH2025 Home Support OuT'Home Support, service 0r$ much needed 5UPPOrt to vulnerable peoe, helping them remaln independent in their own homes. The service 15 delivered by a professional team of experienced and CompasOnate paid employees, there ss a nominal charge to help recover any expenditure InCrred. Well@Horne Well@Home is a bespoke h05Pltol discharge service funded by the Northeast and North Cumbria NHS partnership. It include5 assisted discharge from hospital with up ro fourweeks wrap around support to aid iecovery and prevent readmission. Retail I Shops We have 51X shops across our aa, Cèrlisle, Br4mpton. Alston. Worklngton, Cockerrnouth and Keswick. The Income generated in our retail outlets contribute5 toward5 the core costs of deliverinE Dur diverse range of service5. A huge thank you must 80 to all the volunteers who help us to open each shop every day, their support is appcIated. Campaigns l Fundralslng Gift Aid is our rnain fund rdisin8 activity with over £14,000 ralsed between 202412025. CampèiEll5 thi5 year included the Winter Warmth campaign which was in collaboration with Cumbria Community Foundatlon and the Household supportfund which we distributed on behalf of Westmorland and Furness Council. Inforniation and Advice 5er¥ite This service provides free, accesslble Information on a wide lange of15sues. Including welfare benefits. income maKimis¥tion. housing. and health care. Welf4 benefits informatlon Is the rn05t sou8ht-after advlce. Flnancial Inclusion Is an important element of addssing need5, ès It increases opportunitie5 in terms of social activities, transp)rt. domest support and alds and adaptations. The additional Income is an added benefit to the local econotny. Figures from April 2024 to March 2025.. Totsl Enquir$ 4,282 The total arnount of benetits and arrears secured in the period between April 2024 ènd March 2025 Is £2,381,773. This 15 made up ol £1,798.647 annual galn and £583,126 in back payments. Winter Warmth grants- £90,600, 'AEe UK North Cumbria act a5 adrninistrators for Cumbria Cornmunity Foundation in diJtrSbutins 6rants to lowincorrr household5 LQ lielp LIIEITI ydy fvi fuEI 105t5 overthe Win[. The Inforrnation and Advlce Teatn continue to have a proactive presence withln the COrnFnunity by delivering psentations. talks ané attending networkevents. Holiday Let5 Kirksrone corrage and l HaEI Trteight5 are alIable for use by statt and volunteets of Age UK North Cumbria. The propertles are rnanaged by the resorts, Whitbarrow kloliday Village and Wild Rose Holiday Park. quallty 5tandard5 AQS IAQPS CQ5 IS027001 The organisation is reElsred with the Fundraislng Regulator. Financlal Tevlew Revlew of the financ5al posltlon of thè chafity The Intoming Resources for the year ended 315t March 2025 were El,133,217. Outgoing Resources amounted to £1,049.450. Donation5 01 £10,959 We received during the year togEther with legacies of £27,000. The donation5 Include a generous donation of £8,000 from The David Snowdon Trust forwhich we are extremely grateful. Shop sales decreased to E284.651. The overnll surplu5 for the perlod 1$ £84,498.
AGE UK NORTH CUMBRIA TRUSTEES, REPORT (INCWDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ReJer¥es polity In order to ensure continuity of sece to our cllents, the management committee hopes to have reserves equal to a year, expenditure lon contlnuing artNltlesl for each service. currently El,049,450. Th15 should 85¥e sufficlent time to make altematyve arranEEments for Services in the event of discontinuation of funding, stsff who have been employed continuously for more than 2 years would requlre redundancy payments from reserves rfthe tharity had to cease. On 315t MaTch 2025 totsl reserves were £1,615,228 of whlch £352,878 were re5trlcted and £330,720 We held as investments for a Bequest. which leaves mainIng re5erve5 on 31 March 2025 of £931.630. These reserves are current rnar8inally le5S than those required to be In line with thE Iharity'5 re5Erve PDliEy. The tru5tee5 felt that even with the [ent doubling of our operating area. such reserves should enable the charity to secure seNce5 for the future. The trustees are mindful of the large deficits that have occurred in pastyears and wish the charity to futril i(s mission Statement foi many years to come. Included in the $trthd reseffts is £219,905 whlch can only be reallsed by dispostnE of ts1b fixed assets and inve$trnEnt propETty. PrincipalfundlTrB SOue5 The charity achieves it5 income Irom three maiTh source5'. Dlrertlund.rnisinK and inwme yneRlion From its six shops From fund-ralslng events and collettion$ Age UK Income Gefteratlort InitiatNe5 Grants from other tharities The charity actively seeks grants from other charitabk grnnt making bodies induding the National Lottery Cornmunity Fund. Henry Lof15dale Trust and David Sncwdon Trust. Grants afe noted in the financial statements, (notes four& fivel. To maximise income and preserve rapitsl. The Board aims to maxirn15e the total investrnent return within the oblectives of mairthininB intome while contlnuing to preserve the 81 value of investrnents and lo maKlrnlse Income on Imiested restricted funds. Malor r15kslowhl¢h the tharlty 1$ exposed The rruslees nave examined the rnajor srrdTrgK. busine55 and opernnal risks to Whith the charsty 15 exposeo. In partkular those rtlated to operations and finance. and conflrm that systÈms have been established to enable regular pOrtS to be prodUd 50 that the ne$sory aeps can be tskefi to leen these risk5. Thi5 w¢Jrk has ¥Jentified that fiThancial sustainabllity Is the major financial risk for the Charity. A key element In the rnanagement of financlal rlsk Is a regular review of èvallable liquid funds to settle debts as they fall due, re8ular liaison wlth the bank aiid acLlve InaiiatSeineiiL of iiddy dybtvi) irvdltut5 bdlaniE5 t¢J en5ufE 5ufflEIEllt WDrWng caprtal by Ihe Charty. AttenUon ha5 8150 been focussed on non-financial Tisk5. ari5ingfrom flre. health artd safetyof staff and clients. management of fundin& Infection eomtrol and fchDd hygiene. These risk5 are managed by ensuring accteditstlon 15 UP to dhte, having robust policie5 ané procedu$ in place and regular awaneSS training for stsff and volunteers workin8 in these opeTrtional areas. We have engaged consultsnt5. Watershed. a cornpany whlch provlde5 Infomiatlon and advice on Ernployrnent Law matter5 through its con5ultanc¥ programme. Kym Allen are erygaged as consu5tants to provkle Heahh and safetyadvI and Informatlon.
AGE UK NORTH CUMBRIA TRU5TEES' REPORT (INCWDING DIREcfoRS' REPORn {CONTINUED FOR THE YEAR ENDED 31 MARCH2025 Strurtur4 governance and mat)a84mont fjo¥ernlng document e UK North Cumbrla 15 4 company Ilrnlted by 8uarantee (Company Number 067850411 and is a reGtered charity no 1128565. It15 govemed by its ts)nstitutDn which in it5 Memorandum of Arttck5 of A5soriation last amended 16th Ottober 2024. The trustees, who ale also the directors for the purpose of company law, and who served durfng the year and up to the date of Signatu of the financial 5tstements were.. Mrstuart Irving Ichairl Mr5 Brenda Hill ITreasurerl Mr5 Jeannie Pa51ey Ivice Chairl MrAndrew Shekell Mr Chr15 Fuller Ms Gilli4n Linton Ms 150 H¥rnpson Mrjonty Hanlon (Reslgned 14 ottober 20241 Method5 adoptedforth• wNitm*nt and 3ppolnlment of new trustees Membership of the Board shall con5iStof.. lil The Chalr elected by member5 of the owdnisation lill Such other number of persons elected by the members of the OrganisaOn as may frorn tlme to tlme be determlned In regulatlons adopted and issued in accordance with Clause 25 of the Constitution. liiil Those per50n5 COPted bythe Board of Trustees In accordance wlth Clause 27 of the Constltutlon. All new and potential tru5tee5 are &ven a Trustee Inductton Pack. which Clearly explain5 their role, In terms of personal and legal duties. Trustees are aL%o 8iven the opportunlty to access trainln& either Icully or nationalty to develop their skilLs and keep iheii knowledge current Tru5tee5 ore also Invited to visit our services ènd activf£ies and Spend time with staff on thelr partliular prulEa5. An annual lJu¢Jget15 allocated forTru5tee rraimng. Or%anisational 5tNcturEof the£harilv and how decisions ère made The Board of Trustee5 fwe times during the year and were responsible for strategic directlon, policy development and financial viabllity of the charity. The Chief Executwe acts as Secretsry to the Board and all operational matters are delegated to thls post. The Trustee5 recewe written reports from the Chief Executsve. Senior managers. prolett staff and other workinz groupson a reRuLir ba515. Pay Poliryfor Spnlorstaff The Trustees consider that the Board and the Senlor ManaEement Tearn comprlse the key management personnel of the Charity in charge of dirtin[and controlling. runnsng and operating the Chèrity on a day to day basis. All Trustees glye of thelr tirne freelv and no Tru5tse recelved remunemion In the year. Ootails of Truste0s' arp dI%t1n% In 1? tn thp counts. The pay of the senior stsff 15 reviewed annually and noTmally increased in accordan wlth average earnlny. In wew of the nature of the Charity, the Tru5tee5 Use the National Jolnt Councll INJCI salary sca$ as a tenchmark. Levels of pay are subjett to affordability4 job evaluation and nece55ary market adjustmenL
AGE UK NORTH CUMBRIA TRU5fEES' REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEqR ENDED 31 MARCII ZQZ5 ststement of trustees, respon51bilitie5 The trustees. who are a150 the dlrertors of Age UK North Cumbrla for the purpose of company law, are responsibk for preparirw the Trustees. Report and the finantial 5tatEmEnts in acEordance with applicable law and Unlted Kln8dom Actounting 5tas)dards (United Kingdom Generally AcpIed Accounttng PrartI1. Cornpany Law requires the trustees to prepare financial statements foT each financial year which give a true and fair view of the ttate of affairs ttf the charity and of the incoming resources and appllcation of resour$, Includint the income and e¥pEndrture, ol the charitable companyfor that year. In preparlngthese financlal ststements, thetrustee5 are requlred to: - select suitsble accounting policies and then app them consi5tendv* observe the methods and prlnclples In Charities SORP; . make judEernents and estimates that are reasonable and prudent- state whether applicable UK Accountln8 Stsnd8rds have been followed, 5ubjert to any materlal departures dlsclosed aNI explained Inthe financial 5taternents,' and prepare the financial ststernents on the going concern basls unless Inappropriate to presume that the charlty wlll contlnue In OpeIDn. The twsrees are Te$ponslble for keeping adequate accountlng records that disclose vAth reasonable ac¢urncy at any time the rinancial posltlon of the charity and enable them to Ènsure that the finantial 5tètement5 comply with the Companles Act 2006. They are also responsible for safeguardlng the assets of the ¢harity and herKe for taking reasonable steps for the pventIOn and detection of fraud and other irregularities. AudStor Each of the trustees ha5 confirmed that there Is no Information of which they are aware which is relevantto the aud1¢ but of which the auditcr is unaware. They have further confirmed that they have tsken appropriats steps to identify Such relevant nformatlon and to establish that the auditor 15 aware of such information. Small Company Provislon5 This pOrt has been pPared in acrordance with the provi51ons appllcable to companies entttled to the small companle5 exemption. Th¢ trustee>, reportwoj opproved by the Drd olTrustees. Mr5tuart Irylng (Chairl 17 NoVeMr 2025
AGE UK NORTH CUMBRIA INDEPENDENT AUDrroR'S REPORT TO THE TRUSTEES OF AGE UK NORTH CUMBRIA Opinion We have aUdd the Ilnanclal ststemeTht5 Of UK North Cumbria (the charfty'l for the year ended 31 March 2025 which tomprlse the statemert of financial actwitles, the balantr sheet, the statement of cash flows and note5 to the flnancial Statements. including significant accounting pDliC5. The financial reporting framework that has bEen applied in thelr preparatlon Is appllcable law and Unrted Kingdom Accounting Stsndards. Includlng Flnonclal ReportSnt stsndard 102 The Financlal Reportin8 stsndard applicable in the UK and Republic of Ireland (United Kln8dom Generally Accepted Accountln8 praCte). In ouropinlr)D, thE finarKT315tstements- gNe a true and fair view of the state of the chawtsble companV5 affairs as at 31 March 2025 and of its incoming re50urce5 and appliCaon of resourcES, for the yearthen ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounfjryg Practice,. and have been prepared in accordance wlth the requlrements of the CompaniesAtt 2006. Baslsfor oplnlon We ccr¥Jucted our audit in accordance vAth International Standards on Auditing IUKI IISA5 IUKII and applicable law. Our respcnsbilities under those 5tsndards are further described in the Auditoes r@spon5ibilities for the audit of the financial statements section ol our report. We are independent of the charlty in accordance with the ethical requirement5 that are relevantto our audlt of the financial statements in the UK. Includlng the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained Is sufficier¥t and appropriate to provlde a basls forouropinion. Con¢luslon5 relatlnE to EolnE ¢oneem In auditing the financlal ststements, WÈ have coneluded that the trustee5' use of the going conrn basis of accounting in the preparation of the fin3nclal statements is 8ppropriate. Based £th tFse workwe have performed, we have not Identwled any material unteftsintie5 relating to events or COndlnstha¢ 1ndwidual or collectively, may Cast significant doubt on the charity's abilty to contlnue a5 3 going concern fof a period of at 1gastlwq months frorn wh•n th4 fln•¢)Cial %tat•m•nts ar• authoriEed for issue. Our Tesponslbllities and the responslbilitie5 of the tru5tee5 With respect to golryg ryrn a descrlbed In the relevant rtknn% nf this rprKJrt other information Tliy vlliyi iTifuiiiidtlvii EVvrI5 the InfuTtn6tlDTr IniludEd In thE re[rt other Ihan Ihe flnoncial STaTernen and auditols report thereon. The trurtees are responsible lor the other information contsined wSthin the annual report Chjr opinion on the financial 5tstements doe5 not cover the other informatlon and we do not express any form of assurance conclusion thereon. Our responsibi1Sty Is to read the other Inforiiiatiuil dTid, iii duiii¥ ¥J, iviijldvr whether the gthEr Informatlon is materially incon5iStent with the flnanclal ststements or our knowledge obtsined in the course of the audit, or otheThvise appear5 to be materially mi$stated. If we identify such material inconsistencies or app&nt material misstaternents. we are reguired to deterrnine whether thlj sl¥eJ rise to a material mlsstatetnent in the financlal 5totements themselves. If, based on the Work we have performed, we condude that there is a matsrlal mlsstatement ol th15 Other information. we are re9ulred to reportthatfacL We ha¥e nothlng to report In thls re8ard.
AGE UK NORTH CUMBRIA INDEPENDENT AUDITOR'5 REPORT (CONTINUED) TO THE TRUSTEES OF AGE UK NQRTH CUMBRIA Matters on whlch we are reqUId report by eKeption We have nothing to report in respect of the followlng matters in reltitiDn to which the Charities IAccounts and Report51 eguEations 2008 Tequires us to reportto you if. in ouropinion.. the inf(Irmation 8iven in the flnancial statements Is Inconslstent in any material respect with the trustees. report- or sufficient accounting records hove not been kept; or the financial 5tsternents are not In agementwlth the accounting rEtotd5' or we have not recelved allthe Informatlon and explanafjons we rtquire forouraudit. Responsibllrtles of trustees As explained more fully in the strtement of tru5tees' ¥espon5ibilitie5. the trustees. who are also the ditectcr5 of the charlty for the purpose of company law, aTr responsible for the preparation of the flnanclal statements and for bein8 satisfied that thev ¢ive a true and fair view. and for such internal control as thE trustee5 deterrnine is necessary to enable the preparatlon of financial statements that are free from materlal mlsstatement, whether due to fraud or error. In preparing the financial staternents. the trustees are responsible for asse$5inE the charity's ablllty to contlnue as a golng CDncern, di5c105ing. as applicable, matters related to Eoing concern and using the going concern basis of accounting unle55 the trustees elther Intend to liquidate the tharitsble cornparw orto cease operations, or have no alIStICaLtErnati¥e but to d050. Audltor's re5ponslbllltles lorthe audit of the finan¢lal 5tsternent5 We have been appointsd as auditor under settion 144 of the Chhritie5 Act 2Qll and report in accordance with the Act and relewdnt regulations made or hawng effectthereunrler. Our objectives are to obtain reasonable assurance about whether the financlal aternets a5 3 whole a free from material misstatement whether due to fraud or Error, bnd to i55ue an auditor's reportthat Includes our oplnion. Reasonable assulance is a high level of assurance but is nol ) Euaiantee that an audit conducted in accordance with 15As IUKI will alway5 detect a material mlsttètement whÈn it eXt5. Misststements can arise from fraud or error and are consldèred material if, indivK4uallv or in the aggregate, they could reasonably be expetted to influence the economic declsion5 of users taken on the basis of these financlal ststements.
AGE UK NORTH CUMBRIA INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEE5 OF AGE UK NORTH CUMBRIA Irregularities, irKluding fraud. are Instance$ ol non<ornplionce with kw5 and regulations. We desi8n procedures in line wbth our respon51b116tles. outllned above, to detect materfal rni55tstements In respett of Irregularitles, Includln8 fraud. The thgnttp whlchthE audltwas consldered capable of dete¢tlng Irre8ularltle5 Irdingfraud Our approach to Identifylng and assesslng the rfsks of material misststernent in respect of Irregu18ritie4 ineludinB fraud and non-compllancewith law5 and TeBulatbn5. was as follows-. the engagement partner eured that the en838etnent team collertivety had the approprlate competence. capabllities and skills tD identifyor recoEni5e non<ompllance wlth applicable laws and regulation5,' we identified the law5 and reEulatlons appllcable to the charfty throu8h drsEussions with dlrertors and other management.. we foojsed on spe¢ifK IJw5 and gUlationS which we consldered may have a direct mtoI effECt on the flnaKlal statements orthe operation5 of the charlty- • we assessed the extent of compllance with the laws and reEukitions identified above through making enquirE5 of mana8ementand inspertlng le8al Corresponden.. and Identlfied laws and gUlatIonS were communlcated w6thln the aud team regularly and the team remalned alert to in51ancesof non-compliance throughoutthe aud We assessed the susceptibility of the ¢h¥riW5 financlal ststements to materlal mlsstatemenL including obtatning an understsnding of howfTrud mightoccur. bv.. making enqulries of management as to where they wnsidered there was susceptlbillty to fraud. their knowledge of actual. suspetted and alleged fraud; To address the risk of frnud through management blas and overrqde ol control$, we.. Ferfornied analwcal procedure5 to identtfy ary unusual or unexpected relationshlps,- tested journal entrie5 to identlfy unusual transactlons,. assessed whetr judgements and assumptions rnade irb determlnlng the accountinE estimate5 set out in the accounting policieswere indicative ot PDtential bia5.' and Investi8ated the rntionale behind 5igniPicant or unusual transactlons. In response to the rlsk of IrgUlaritIeS and non<ompliance wlth laws and 8lationS. we designed procedures whlch Included, but were not limlted to: • agreeing financial statementdisclosures to underlying supporting documentatyon- • adIng the rninute5 of meeting5 of those chèrged with e0Vernan,. enqulring of managetnent as to artual and potentlal Iltigation and claims,. and iewing cOrsPOndence with HMRC. relevant regulators (Charity Comrnissionl and the charity's legal ad¥lsors. There are Inherent limitations in our audit procedu5 described above. The more removed that law5 and re8ulations arefrom flnandal transattions, the le$5 likety it that we would become aware of non*omplian. Auditing 5tsnd3rds a150 limit the audlt procedures wulred to identlfy non<ompliance wh laws and gulatIOnS to en4uiry of the dlrector5 and other maTragement and the InsFeCtlon ot KUlatory and kgal COrSpOndere. If any. Material misstatement5 thèt arise due to fraud can be harder to detett than those that arise from error as they may involve dellberate con£ealtnEtrt gr 151. A further descrlpyon of our spOnsIbl1r(leS is available on the Flnan¢l)l Reporting Councif5 webslte at.. httpsjl ¥w.frC.Org.ukJaud}torSTe$P0n51b1Irtle$. Thls description forms part of our auditor's report.
AGE UK NORTH CUMBRIA INDEPENDENT AUDITOR'S REPORT (cof+ifiNUED} TOTHE TRUSTEES OF AGE UK NQRTH CUMBRIA Use ofour port This report is made solelyto the char$trustees. as o bodyi in accordan with Part4 of the Charities (Accounts and Report51 Reeulations 2008. Our audit work has been uridertaken so that we might state to the chaTIty's trustees those matters we are requir to state to them In an audltorfs report and for no other purpose. T¢J the fullest extent permitted by law. we do not accept or assume responsiblllty to anyone other than the chartty and the charity's tru5tee5 as a body. for our audit worl for thi5 repor¢ or for the opinions we have formed. Salnt & Co. Chartered Accountants & Statutory Audltor Sterfing House Wavell Drlve Carllsle CAI 25A Date.. Saint & Co. is eligible for appointment as audrtor of the charity by virtue of its eligibility for appointrnert a5 auditor of a mpany under 5ectlon 1212 cf the Companies Act 2006. 10-
AGE UK NORTH CUMBRIA STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted funds Resirlcted fvnd$ 2025 Total Unrestrirted funds 2024 RrIcted funds 2024 Total Z025 2025 2024 Ngle5 dowmEnt5 frnm. Donation5 and legacies Charitsble activities Othertrad1 artivities Investments 90,DIO 84,Y61 284,651 27,332 23,651 14,855 607,757 697.767 84.961 284,651 27.332 23,6SI 14,855 19,232 62,886 315.939 2E,702 5,864 13,589 473.298 8,029 492,530 70,915 315,939 26.702 5,864 13.589 Material other incorne Other income Total Income 525,4f 607.757 1,133,217 444,212 48L327 925,539 end1tt4re on: Raisingfunds 382,110 382,110 294,903 294,903 Charknble attivitie5 io 63,067 602,492 665,559 114.404 453,451 567,855 Other Is 1,781 1.781 1,238 1.238 Total expendlture 446.958 602.492 1.049,450 410,545 453.4SI 863.996 Net gaiD5111055e51 on investrnents 731 731 26,288 26,288 Not IncomiN b•fortransf8rs 79,233 5,265 84,498 59,955 27,876 87,831 Grgss transfer between funds 61719 161,7191 NEt mUVEmErit In fund5 140,952 156,4541 84.490 59,953 27,816 87.831 Fund balances at l Aprll 2024 1.121398 409,332 1.530.730 1.061,443 381,456 1,442,899 Fund balance5 al 31 March 2025 1,262,350 352,878 1,615.228 1.121,398 409,332 L530.730 The ststemerstof fina[al activits inelude5 01183ins and losses recoEnlsed in the year. The ststement of fina[11 activities includes #ll rdin5 and t055es recognlsed In the year. Income and expendlbjre dere from contlnuln8 actfvitSes. The Statement of finarKial actlvitles also complles wth the 1ments lor an income and eKpendttu accour5t under the Companles Act 2006.
AGE UK NORTH CUMBRIA BALANCE SHEEr A5AT31 MARCH ZOZ5 2025 2024 Notes Fixed a55ets Taneible assets Investment property Investments 129,687 121,197 330,721 118,095 121.197 335.212 19 581,605 574,504 Current assets Stocks Debtors 22 25 2,641 113,364 L091,138 2,962 63,636 1.187.160 Cash at bank and in hand 1.207,143 1171,5621 1,253,758 1294.5851 Crtditors: amounts faIng duewlthln oneyear 25 Net currentassets 1,035,581 959.ln Total assets k$5 current liabilities 1,617.186 1.533.677 dItO amoufflsfallingdue after more than one year 26 11,9581 12,9471 Net assets 1,615,228 1.530,730 The funds ofthe charlty Restritted income funds Unrestricted funds 29 352,878 1,262,3SO 409.332 1.121,398 1,615,228 1,530,730 12-
AGE UK NORTH CUMBRIA BALAN SHEET ICONTINUEDI ASAT31 MARCH 2025 The compaThy15 entltled tothe exemptlon frtsm the audit requirerr*Tht contained In sectlon 477 of the Componie5 Act 2006. for the year ended 31 March 2025. The trustees acknowledge thelr re5pon5ibillties lor complylnB wfth the requlrements of the Cornpanies Act 2006 wlth respect to 8cc¢JuntinE record5 and the preparatlon offinanckql ststements. The trustees have not qUired the cornpany to obtain 3n audlt of Its flnanclal statements under requirernent5 of the Companles Act 2CK)6, forthe year in question in accordance with secth)n 476. These financlal statements have been prepared in accordanwIth the prow5ions applicable to companies subjett to the small cgrnpanie5 regime. The financlal ststements were approved by the trustees on 17 Novernber 2025 Mr stuart Irving (Chairl Mts Brenda Hill ITTe45uTerl Tiisstee Company regIstratn number06785041 (England and Walesl 13-
AGE UK NORTH CUMBRIA STATEMENT OF CASH FLOWS FOR THE YEAIt Ef4DED 31 MARCH 2025 2025 Z024 Note5 Cash flow5 from operating activltles Cash (absorbed byl/generated from operntions 197,4241 98.171 Irwesting activ11e5 Purchase of tsngible fixed o55ets Purchase of ¥nve5trnents prOd$ from disposal of illVE5tft*nt$ Investment income received 130,2591 129,1281 34.352 27.332 1103.1791 144,5581 48,612 26,702 Net cashgeneratedfromllused inl Mivestin¥ actlvltles 2297 172,4231 Financing activities Payment of obllgatlons underflnance leases 18951 17991 Net 5h used in finan¢lng ¢tllIeS 18951 17991 Net (def$ellinrYeaSe ir4 cash and $h equfvalents 196.0221 24,949 Cash and cash equivalents at beginnin8of year 1,187,160 1,162,211 Cash and ¢a5h egufvalents •t end of year 1.091.138 1,187,160 14-
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountlft8 policiès Chavily irrforrnètion ge UK North Cumbria (Formerfy Age UK Carlisle & Edenl 15 a priwdte company limited by guarnntee Incorpoed in En8laThd and Wales and Is a re8Trsted charlty in En8Jand aTra Wale5. The regISter offi IS 20 spencer street, Carlisle. Cumbria, CAI IBG. 1.1 Pa$¥$ of preparation The financial 5tatefflents have en prepared in accordan wlth the charity's governinB document the Companles Act 2006, FRS 102 "The Financial Rewrting Stsndard appllcable In the UK and Republic of Ireland" I"FRS 102.1 and the Charitie5 SORP 'Accounting and Reportlr4g by Charltles.. statement of Recommended PctiCe appllcable to charities preparing thelr accounts in arcordance with the Financial Reporting stsard applicable tn the UK and Republic of Ireland IFRS 1021. leffe¢tNe l Jarwary 20191. The charity is a Publlc Bellef Enttty as defined by FRS 102. The flnancial statements a prepared in 5terlingJ which Is the funrtlonal currenry of the charity. Monetsry amounts In these fin4n¢ial 5taternents are rounded to the nearest£. The financial statements have been prepared under the historical cost convention, rnDdified to include the revaluation ol Investment properties and certain financlal Instruments at fair value. The principal accounting pollcies adopted are set out below. C¢nsolldathn The entlty has tsken advantage of the exemption from preparlng consolldated flnanclal sraternents contsined In Section 402 of the Companies Act 2006 on the b15 that it5 SubSlary is excluded from consolidation on the grounds that Its Incluslon Is not matÈrlal forthe purpose of g[n% a true f8lrvSew. 1.1 Golng concer Al ¥liY ll11 uf dpprovlns the flnanclal 5tatetnpnt5. tnE tru5tee5 have a rea50nable expecrallon Inar 1ne Charity ha5 adequate resources to cantinue In operatlonal existence for the foreseeable future. Thus the trustee5 continue to odDPt the going conr basi5 of accountinE in preparlng the financlal statements. 1.3 Charbble funds un$tried fund5 con515t of donation5 and other Income recelved or 8ener3ted for use towards the oblettives of the Charlty without further specified purpose and are available for use as general fu5. The Tnjstees have the disiTetion to allocate sums to particuL4r funds as they $0 wish. such funds are known as designated funds and MaD unrestrKted. Restrlcted funds a to be used for specrfied purposes a5 laid down by the donor. Expenditure whbth meets these criteria is identified to the fund, to8etherwith a fairalloration of management ènd SUPPDrt costs. 15-
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED31 MARCHZQZ5 Ac¢ountiThK poliries Icontinuedl IA Intom• All incorniThE resources are included in the statement of financial activitie5 when entitlement has passed to the charlty,. it Is probable that the economlc benefr(s assoclated with the transaction wlll flow to the chartty and the amunt can be reliably measured. The following 5PEcific policie5 are applied to partlcular cate8ories of income.. • income frorn donation5 or grants Is reco8nlsed when there is edence of entitlement to the Kift, receipt Is probable and its amount can be measured reliabty. Grants received towards the core function of the thorlty a iewgni5ed in full in the Staternent of Flnanclal Attfvitles in the year in which they are entltled to be rereived. Grnnts received to fund the acquisltlon of fixed assets ore èllocated to desi8nated funds held to Tneet d@preciatton costs charEed In futufe years. where grants are recewed for specific purposes or servicÈs, these grnnts are shown within income fforyt Charitable Attivf(ies. Where th@y relate to speclflc performance requirÈrnents, the Incorne Is deferred until these performance quirEmentS are met. le88ry income is ¢0Inised when receipt 15 probable and entltlement is established. items donated for resale are Included In shop Income when sold and no value Is placed on stock at the year end. Donated facilities and seNices ale recogni5ed in the accounts when receNed if thE value can be reliabFv meaSud. No arnntS are included forthe coThtrfbutign of general volunteets. Income from contracts forthe supply of Se$ Is recogn15ed with the delNery of the contrarted service. Thi5 Is dassffted as unrestricted fund5 unle55 there 15 a contractual requlrement for it to be Spent on a partlcular purpose and returned rf unspent, in which case it may be regarded as fE5trirtEd. 1.5 Expenditure Expenditure is rEcDgnised on an accruals basi5 as a liabilty is in¢uTred. ExpEnditure includes any VAT whith cannot be lully ret01[d, Br1 b5 classrfied under headlnas of th• ststgm4nttsf finaneil activitiBs to which it relates= expenditure on ralslng funds Includes the cosis of all fundfaI51ng actl¥iti25. events, non<haritabl8 trading aCtivieS, and thp %alg tsf dt)nAtpd 8tJtJAs. expenditure on charitable activities includes all costs incurred by a Crity in undertaklng attlvltles that fvrther Its charltable alms for the benefit of it5 bpneficiarios. Includir thosÈ SUPPDrt tDSts and entts rplAting tn the Eovornancè of thè charjty apportloned to charftsble actfvities. other expendSture indudes all expenditure that is rSEr(her related to ralsln8 funds for the tharity nor part OF Its expenditure on charltable atti¥Vcles. All costs are allocated to expenditure cateEorfes reflECtinE the use ol the resour. Dlrett costs attributable to a 51ngle actlvlty a allccated directly to that attlvlty. Shared costs a apportlDned between the actfvitles they contrlbute to on a reosonoble. justifiable and consistent basls. Costs relatin8 to redundancy or terrninatlon payment5 are recognised as a liability and expeTh5e onty when the companv s demonstrably committed either to termlnote the employment of an ernployee or group of employee5 before the norrnal retlrernent date or contract end date or to provide teFmlnation benefit5 as a resuk of an offer made in order to encourage voluntsry redundancy. 16-
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Accourtlxg poli¢lq$ (Continued) 1.6 TansIb flxed assets Tan8ible fixed assets are Inltlalw measured at C05t and subsequentw measured at Q)5t oi valuation. net of depreclatlon and arsy Impalmient losses. The Charty capits115es assets wlth a value lekher asset cost or, rfdonated. market worthl which exceed5 £1,0. A%sets with a value of less than £¥OOO a written off in the 5teTrt of Financlal Activities as incurred. Depreciation Is recognised $0 as to write 4)ff the c05t or valuatlon of assets less their residual ¥Blues over their useful lives on the followlng bases.. Leasehold land and buildinE5 Computer5 Motorvehicles Straight line over 25 years 25% straight line 20% Straight Itne The 8ain or1055 arising on the disposal of an asset 15 determined as the dIffenCe between the sale proceed5 and the carrylng value of the a55eL and is recognised In the ststement of financial activitie5. 1.7 Inve51rnent propertv Investment properry. whlch Is property held to earn rentsls andlor forcapltsl apprecktlon, 15 initially recognised at cost which includes the purchase ¢05t and any dIlY attributable expenditure. Subsequently itls measured at falr vae at the rew>rtlngend date. The surplus DrdEfKit cn revaluatign 15 recogn15ed In proflt of10s5. L8 Flxed asset Irpjestments Fixed asset investments a initially measured at tronsaction price ex¢ludint tranuction costs. and are subsequently measured at fair value at each reporting date. Changes In falr value are e0niSed in net lncome1lexpendltul for the year. Transaction costs ère eXnSed a5 incurred. A subsidlary Is an erbtlty controlled bythe charlty. Control15 the power to go¥ern the financial and operating pollcie5 of the entlty so as to obtain benefit51rom its aCtiVrtS. 1.9 Impalrment of fmd assets At eHch roportSng @nd date. th• th#rity r0v1w thq carryin6 amounts of its tsn8ibl¢ assets to determine whether there 15 any indication that th05E a55ets have suffered an impairment loss. If any such indication exists, the recoverable amount of the a55et 15 e5tSmated in order to determine the extent of the impairrnent loss Ilf any). i.io Stocks The Charty hold5 5tsKk5 of donated goods In the shoy. These 5tock5 are glfted and are consequenity Mt Wdlued untll Sold. putrh43ed for re5o1e are ¥filued ai tli¥ Iowei uf ¢v)l oiid Iivt le113&ble value. Net realisable value is the estimated selling price less all estlmated costs of completion and costs to be incurred In arketI selling and dlstrfbutlon. 1.11 Cash andra5h equivalents ash and cash equivalents include cash in hand, deprssits held atcall with banks and othershorr-term Ilould Investments wh 011ftaI maturitiesof three months or less. 17-
AGE UK NORTH CUMBRIA NOTE5 TO THE FINANCIAL sfATEMETrirs IcoMriNUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountirbg polirie5 Icontinuedl 1.12 Financial itruMert5 The tharity hè5 elected to apply the pyovisions of Settion 11 'Basic Financial In5trurnerts' and Sectlon 12 '0ther Finanual InstNments Issues, of FRS 102 to all of ltsflnancl?I Instruments. Flnanclal instruments are recoKni5ed in the char"ty's baL4nce sheet when the charity become5 Party to the contractual provisK)ns of the instrumenL Flnandal assets and Ilabllltles are offset. with the net amounts presented In the flnandal starements, when there is legally enforceable ri8ht tQ Set off the c08n15ed amount5 and there is an Intention to settle on a net basi4 or to reallse the assetand settle the Ikibilty simuh3noou51 8oslcfinon¢i#lossets Basil finaniial 055Et5. whKh include debtOTS and cash and bank balan5. are nlalIV measured at tr6n5aCtion price Includlng transattion costs and a subsequently carried at amortised cost uslng the effettive Interest method unless the arran8ment ¢on5titute5 a financing transaction, where the transactlon is measured at the present value of the future receipts discounted at a market rate of intere5L FinancSal assets classified as rE£eivablE Wlthin one veèr are not amorti5ed. Bo5kflnundolllobil1e5 Ba51c financial liabilities, including ¢dItorS and bonk IDèns are Initlally recognlsed at transactlon price unle55 the arrangement constitutes a flnèncing trdnsactiOTh, where the debt instrument is measured at the pffsent value ol the future payments d15counted at a market rate of Interesi. Flnancial liabilitlE5 classified a5 paydble within one year are not arnOrted. Debt in5trurnents a sub5equentty carried at amortised c05t. U51ng the effecive Inte$t rate mEthod. Trade creditor5 are obligations to pay for goods or servlces that have been ècqulred in the ordinary course of operatlons frorn 5uppllet5. Arnount5 paydble are cla551fled a5 currenr Iiab11111es If payment Is Jue within onE year or les5. If nol they are Psented as non<uTrent Ilabilitles. Trade creditors a recognised initially at transaction price and subsequentlv measured at amorrised cost usln8the effertive interest method. DereownftloR olllnondo111o&Uttles Financial liabilitie5 are derecognlsed when the charlW5 COThtractual obli8ations explre or are d15charKed or cancelled. 1.13 Employ beneffts The cost of any unused holidav entitlemeTht 15 C0£ISed In the perlod In whlch the empltyee's sÈrvicÈs are r@Cèld. Termination benefits a recognised immedIate as an expense when the charty is demonstrably committed to tsrmlnate the empiovmErit of an ernpbvee or to provide termination benefit& 1.14 Retirement benefrt5 Payments to defined contribution retiremer5t benefit scheme5 a charged as an expense a5 they fall due.
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountln8 policies (Continued) 1.15 Lease5 Leases are classlfied as finonce leases wheneverthe terms of the ase tran$fer sub5tsntIIy all the risks and rewards of ownershlp tothe kssee5. All other lease5 are classffted as operating ase$. Assets held under flnance leases are re¢ogni5ed a5 a55ets at the lower of the assets fair value ot the date of inception and the present value of the minimurn lease payments. The related liablllty is included in the b31ance sheet as a finan lease obligation. Lease payments are treated as consistiDg of capital and interest elements. The interest 15 charged to net incomellexpendlturel for the years0 as to produce a constant perK)dic rate of Interest on the remaini balan of Critical 3(counilng estlmales Ind jud8ement5 In the opplication of the charity's accountlftE PDlicies, the trustee5 are required to make judgements, estimates and assumption5 about the carrying amount of assets and liabilities that are not readlly apparent from other sour5. The estimate5 and assodated assumptions are baspd on hlstorical experience and other factors that ère considered to be relevant. Actual results may drfFer frorn these estirnates. The estimates and underlying assumptlons are reviewed on an ongoing bas15. Revlslons to accounting e5titnate5 are recognised in the perlod In which the e5tirnate revised where the revision affects only that period, or in the period of the revision and future period$ Whe the revision affects both current and futu pericd5. Limited byGuafantee The Charity is Limited by Guarantee. Every member of thÈ Chartty undertakes to contrlbute such amount 8$ rnay be required lup to £1) to the Charity'5 a55ets. if it Should be wound up whlle he is a member or within one year after he ases to be a member, for payrnent of the Charity's debts and liabilities contracted before he ceases to be a member, and of the wsts. thar¢es and empenses ot winding up, and for thÈ adjuttmp.nt nf thp ri¥hts nf the coTrtrlbotors amon8 themselves. Ineom• from doh4tion4and108a¢i05 Un#11tt¢d funds Restricted fynds 202S Total Unre5trlrted lunds Restrlrted nds 2024 Tot¥1 Z025 2025 20Z4 2024 Donat10 and glfts Legacles Grants Other 10,959 27,000 17.781 34270 10,959 ?7.flnn 625,538 34,270 7,082 i.ano 10,7SO 7,082 1.400 484,048 607,757 473,298 90,010 607,757 697.767 19,232 473,298 492.530 Donations andglfts Other 10,959 10,959 7.082 7.082 10.959 10,959 7.082 7,082 19-
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donatlon5 and legacles (Continued) Ufirestrkted Restrlcted funds funds 2025 Total Unr•rtrirt¥d fund5 2024 Re51ricted funds 2024 Total 2025 2015 2024 Grants Age UK NHSICCF Well at Home Curnbria Community Foundation Government Gwant Incorne NatK)nal Lotteryfundin6 Henry LonsdaleTrusi Cumbrla CV5 David 5nowdon Trust Other J5,OfA) 65,944 304.559 80.944 304.559 10.750 58,738 237,058 69,488 237,058 36.70S 80,214 75.080 30,158 5,21 36,705 80.214 75.080 30,158 5,200 8,(0 4,678 49.279 60,196 30,158 15,OJO 49,279 60,196 30,158 15,tKJo 2,781 1,897 22,870 22,870 17.781 6C7.757 625,538 10,750 473,298 484,048 from charltable actIVleS Unrestrlcted tunds 2025 Restrf¢ted fund5 202S Totsl Unrestrlrted fvnds 2024 Restrlrted funds 20Z4 Total 2025 2024 Core income Sale of goods Othergrant incomq 8,029 8.029 Servrre Income. Hire & leisure income Otheich4rrtablE InEDme IL(46 11,Q45 5,¢J)O Home Support Incomt Othercharitable income 73,915 73,915 57.886 57,886 84.961 84.961 62.886 8.029 70.915
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from othertradlng ortl¥hles UnresErfcEed unrestri¢ted funds 2024 funds 202S shop incorne 284.651 315,939 IncomÈfrom investmenls Unre5trfded funds 2025 Unrestrlded funds 2024 Income from listed Investments Interest retelvable 9.085 18,247 8,022 18.680 27.332 26,702 Other lrt¢ome Unrt¥trirted funds 2025 Unre51rlcted funds 2024 GiftAid & Cornrni55iOTh 14,855 13.589 21
AGE UK NORTH CUMBRIA NOTES TO THE FINANaAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 31 MARCH 20Z5 Expendlture on ralsln81utS Unrestfitt•d Unrestiicled funds 1024 fund5 2025 Fundralsingand publklty Seeking donatrons. grants and legacle5 34,270 TRding c051s Opernting charity 5hop5 stsff cost5 Support costs 120,586 184,813 39,3CJO 111,136 IS9,704 21,781 344.699 292,621 Investment m•nogemwt 3,141 2,28Z Total costs 382,110 294.903
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 E¥pendlture on ¢haTitable artNitie5 Infonn1onHomeppQrt andAd¥i¢e 2025 Totsi InlorniionHome5upport and Advlce 2024 Z025 2025 20Z4 2024 Dlrort ¢ost$ Staff costs Other dlrectcosts Other staff costs Premlses costs Other office costs Volunteer expense5 Vehicle costs Advertising 225,047 22,372 7.737 251,756 6,273 9,931 403 2.963 476.803 28.645 17,668 403 2.963 795 4,315 292 208.941 L653 4.978 202 168,237 6,957 5.393 377,178 8.610 10,371 202 726 2,847 759 269 726 795 2.847 4,315 196 759 96 269 256.047 275,837 531,884 218.621 182,341 400,962 Share of 5UPPOrt and8oveMance costs (see note 111 Support 51,767 67,206 Governance 7,406 7.296 118.973 14,702 62,506 16,595 69,375 18.417 131.881 35.012 315,220 350,339 665,559 297.722 270,133 567,855 Analysls bylund Unrestritted funds Restricted funds 2,447 312,773 60.S20 289,719 63.L7 602,492 27.426 270,296 86,978 183.15S 114,404 453.451 315,220 350,339 665.559 297,722 270,133 567,855
AGE UK NORTH CUMBRIA NOTES TO THE FINANaAL STATEMENTS (CONTINUEDI FQK TME YEAR ENDED 31 MARCH Z025 11 support cost5 allotaied to actNities 2025 2024 stsff costs Depreciation oiherexpenditure OthEfstsff expenditure PmiseS c05t5 otfice costs and supplies Computer Supplies Volunteerand trustee expenses Charges and fees Governance costs 63,269 18,668 2,334 754 47.199 11,360 7.505 1.086 986 19,814 79,614 11,127 4,997 636 34,702 9.978 7.967 1,179 1,049 37.425 172.975 188,674 An3ly5ed between.. Fundrnisin8 Information and Advice Home Support 39.300 59,173 74,502 21.781 79,101 87.792 172,97S 188,674 Support costs have been apportioned over the various activities of the charity including costs of generating funds as well as costs of chartsble actlvltles. The cow have been apportioned on the basi5 of the numberof stsff working within each arfiwitythe charity pertorms. 12 Net movement In fund5 2025 2024 Net movEment infund5 15 stated after chargInlCreditingj Fee5 payable forthe audfr of the charlty's financlal statements Depreciation of owned tsngible fixed a55ets 16,087 18,668 71.228 13,210 11,127 01,999 13 TIu5te?5 In the pfevious year £6.798 was paid to a Trustee that provided bODkeplng 5ervice5 to the charity due t¢ Staff shortages. These fees were for bookkeepin8 services and not for servlces a5 a Trustee. None of the trustees lor ary per50n5 connected with theml received any remuneratton durlng the year but trustees expense5 totslllng E24fj were incurred12024.' no expenses incurred In respert of trLtsteesl. -24-
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL sfATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 EmplDyee5 The avEtage head rount of ernployee5 durfrY4 the year was 3312024.. 321. The 8VEfoEe number of full-tlme equivalent employees was 2512024.. 251. The average number of employees durfngthe year is anased a5 follows.. 2025 Number ZO24 Number Seryice5 Staff FundraisinBand trad1[ staff Administotive finaThce stsff ManaEernent staff 20 17 li Total 33 32 Employment l¢J5ts 2025 2024 Wage5 and SaLar5 Social security c05t5 Other pension costs 66L933 46,500 16.452 565,577 37,148 13,771 724,885 616,496 RedundarKy and terrnlnation payrnents totalllng £7,182 We Made Inthe reporting perfod. The ThUFnbeT of employees whose annual mUneratIOn wa5 [re than £60,000 is as foll¢iws: 202S Number Number £60,000 É69.W9 Remuneratlor*of Mi mana8•ment personnel Key management personnel include all persons that have authority and responsibility lor planniw directingand controlling the activf(les of the charity. 2025 2024 Aggregate compen5ath)n 141,891 109,683 -25-
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOK THE YEAK ENI3EQ 31 MARCH Z025 15 Otherexpenditure Unre5trfcted funds 20Z5 Unrestrided funds 2024 Loss on diSFK5al of inve5tment5 1,781 1.238 16 Gains and 1055e5 on inve51ment5 Unrestrirted Unrestricted fvnds lunds 2025 2024 Gains/llossesl arisingon: Revaluation of investments 731 26,288 17 Taxation The Char Is exempt from taxation on its ¥¢tl%Aties becausE all its incorne Is applled for chèrftsble purposes. Tanslble ted a%ets L¢asehold l•M1 and bylldlm comput M•torvehltle5 Totsi Co At l Apdl 2024 Addition5 Di5P05a15 473,185 52.722 14,609 139,9031 29,995 15,650 555,902 30.259 139.9031 At 31 March 2025 473,185 27,428 45,645 546,258 D•pr•¢iation and irnpairnient At IAprll 2024 Depreciation char8ed in theyear eiirninated In respect of dlSP05als 381,173 6,346 42,260 3,715 139,9031 14,373 8,607 437,806 18,668 139,9031 At 31 March 2025 387,519 6,072 22,980 416,571 Carryingamount At 31 March 2025 85.666 21.356 22,665 129.687 At 31 March 2024 92.012 10,461 15,622 118,095
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL STATEMENTS {coKnNUED) FOR THE YEAR EJVDED 31 MARCH 2025 IrNestment property 2025 Falrvalue At l Aprll 2024 and 31 M8r¢h 2025 12L197 The trustees do not believe the value of the investment property addition ha5 altered SiEn1fxant since it was bought by the charity 2016. The trustees beIve that thE ex15tin8 inve5trnent property Itransferred from tangible fsKed assets on transltlon to FR51D21 is equivalEllt to its carryin8 arnount prior to transfer as the propÈrty 15 an a long lease and considerlng the rtate of repalr the trustees believe the va*Je of the property will only depreciate. The fair value is not based on a luatIOn by an Independent valuer. Z025 2024 Long leasehold 12L197 121,197 Nxed a$5et Irwestm•nts Unlistedcash in portfolio irtvsrtrnonts Total knvestments Costorvaluailon At l April 2024 Additlons Valuation change5 Other movements Di5posa15 SZ7,2Jl 2Y,128 733 7.975 335,212 29,128 733 7,209 14L5611 7209 14L5611 At 31 March 2025 315.531 15,188 330.721 Carryin8 arnourrt At 31 March 2025 315.531 15,188 330,721 At 31 March 2U24 327,231 7,979 335,212 2025 2024 Other In¥estrnents comprfse.. InvestmeThts in subsidiaries -27-
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL ATEmENTs (CONTINUED FOR THE YEAR ENDEO 31 MAlfCH 2QZ5 21 Flnancbal Instruments 202S 2024 Carryingamount of financial a55ets Instruments aSured at fa¥ value through profit or1055 315,531 327.231 22 Sto¢ks 2025 20Z4 Raw rnatefials and consumables 2,641 962 Debtors 2025 2014 Amounts falling due within one year: Trade debtors Other debtOTS PrepaymeNs and accrued incorne 18.282 5.238 89,844 37.771 2.375 23.4 113.364 63,636 FInae lease obligati$ Future mlnimum lease payments due under finan leases.. 2025 Within one year Ithln two and five years 1,206 z,iii 1,206 3,317 3.317 13711 4,523 16821 Less: future fInan char8es 2.946 3,841
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL sfATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Creditors: amourbts falllng due within oneyear 2025 2024 Note5 Obligations underfinance lease5 Other tsxation and Social 5ecurty Oeferred Income Trade cdItOrS Other credstor5 Accruals 24 894 9,712 125.730 25.477 36,970 95,802 11,507 38,568 29.359 56,255 34.885 27 171,562 294.58S 26 Credbtor5: amour falllng due after MO th•h oneyear 2025 ZOZ4 Obll8atltsns underfinance leases 24 1,958 2.947 Z7 OElerYEd In¢Drne 2025 2024 Other deferred income 38,568 125,730 Deferred income is included in the financlal ststernents as follows.. 2025 2024 Deterd Incorne Is Included wlthin.. Current liabilities 38,568 125,730 Movements In the year.. Deferred incorne at l April 2024 Amoiint roloased to intom Resources deferted in the year 125.730 1117,1641 30.(K12 137,646 1137,6461 125.730 Deferred it*oTnE at 31 Marrh 2025 38,568 125.7JO Deferred income relates to fundlng Income receNEd ITh advance of Pfovtyjingthe servlces for whlch they have Eeen paid. -29.
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FQft THE YEAR ENDED 31 MARCH 2025 28 Retirement benefft5drr9 2025 Defined contrlbutlon schemes Charge to profit or105s In respect of defined contrlbution sthemes 16.452 13,771 The charity operates a defined ¢ontributiDn pen51Qn 5cherne for all qualifying employees. The assets of the scheme are held 5eparatelyfrom those of the charity in an independently admlnistered fund. 29 RÈstri¢ted funds The restrlcted funds of the Charity comprise the unexpended balartt5 of donations and grants held on trust subjert to specific condl0S by donors a5 to how th@v may bo us@d. At l Aprfl 2024 Incomln reSoUe$ Resources expended Tron£ At 31 March 2025 Curnbria Comrnunity Foundatlon- 36,705 136,7051 Terry Beque5t- Cottage Terry Beque5t- Lodge Terry Bequest- reserye Age UK Home Supportgrants CCF/NHS- Well ot Home Cvrnbcdand Well at Homc w@H- Motorvehi¢le CV5- Health and Welfare calls Henry Lon5d31e Charitsble Trust Age UK- 8uilding Better Lives Other Well @ Home grants Soclal Incluslon grants National Lottery- Reconnecting Westwrfand Counell Other I&A8rdnts Curnberland council 121.197 12L197 85.666 67,602 16,3461 11591 165,9441 124,6051 1224.2791 122.3661 12.6081 120.2001 130.1581 120,2741 11,0501 92,012 192.0121 159,773 65.944 24.605 61,719 304,560 22.366 ITI,3691 61631 15,650 13,042 15,IXQ 5,200 30,158 20.274 1,050 740 740 75.08Q Id.423 8.845 43,426 175.0801 114,4231 114,8691 143,4261 6,024 409.332 607.757 1602.4921 161,7191 352.878 -30-
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 29 Restricted fund5 IContlNedl Prevltsusyear: At IAprll 20ZJ Incornin resour$ Resoue5 èxpended Transfers At $1 Marth 2024 Terry Beque5t- Cottage Terry Bequest- reserve Age UK- Dementla Training Proiett Home SupportgraTht5 CCF/NHS- Well at Home City Centre Hub CVS- Health and Welfare calls Henry Lonsdale Charitable Trust Age UK- Building Better Lives Social Incluslon grants National Lottery- Reconnettinr Other I&A gRnts 121,197 163,937 121,197 159,773 14,1641 118,2881 129.0901 1181,8121 16,3011 18,288 53,695 154.411 24605 61.719 89.120 6.301 ,000 30.158 25,845 15.000 130,1581 15.5711 11611 179.0641 198,8421 20,274 740 901 79.064 104,866 6,024 381,456 481.327 1453,4511 409.332 The Terry Bequest Cottage fund has been used to purchase a property. Income from thi5 property can be used for unrestricted purposes. The expenditu on these funds Telates to impairment and repair work covered underthe terms OF the legacy. The Terry Bequest Reserve fund 15 held for 4 future property purchase and repai[5 and has been used purchase a coravan. The expendlture on these funds relates to the deprecK4tion on the caravan. The CVS Heathh and Welfarc Calls. Homc Suppcrtlunds, Ase UK Bulldln6 Oetter Lives, Ase UK demEntia Trainlns Prolect and City Centre Hub funding relate to rnonies received and expense5 lated to the servlces provided under the grant terrns. Within the $ocial inclusron grant5 15 the HSBC G.R.O.W. Soclal Inclus)on funds which are held In relatlon to servlces partly prOded In the year. The fundinKforthe Nationol Lottery Social Engagement project Reconnecting Cumbria) is aTh ongolryg 3 year prolect. The fundlng from tr.F/NH4 fnr thp Wpll #t Hnm• qsbrvlc05 are spent on relating to support provld4d to thos4 being discharged from hospitsl (both Wards and A&EI. The Henry Lonsdale Charltable Trustfunds relatÈ tothÈ provislon of InformatlDn and advlrk tn pId9r peopl 31
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) Folf THE YE4R Ef40E0 31 MARCH20Z5 30 Unrestrr¢ted fvnds ThÈ unrertricted fund5 of the charfty comprfse the unexpended balances ol donations and y8nts which are not subfrert tospecifi¢ wnditions by donot5 and grantors as to how they may be used. These Indude designated fundswhich he been setaside out of UnStrted funds by the trustees for specific purposes. At IApril 2024 Incoming resources Resour¢es expended Translew5Gain53nd losses At 51 March 2025 R&Rfund Computer equip fvnd Lfjttle Bequest fjeneral funds 8.449 8.449 9.583 335,212 758,154 9.583 330,720 913,598 14,9221 1442,0361 13011 62,020 731 525.460 1,121,398 525.460 1446.9581 61.719 731 1.261,350 PMfiwsye¥r. At IApril 2023 InwmlnE resource5 Resources expended TraDslersGains ond1055es At 31 March ZOZ4 R&R fund Cornputer equlp fund Llttle Bequest General funds 8,449 8,449 9,583 281,668 761.743 9,583 335,212 768.154 1,108 443.104 13.3941 14n7.1411 29,542 l?q 54?1 26.288 1,061,443 444,212 1410.5451 26,288 1.121,398 The charity has three de5Ignated fund5. the Repair5 and Renewals Fund. the Computer Equipment Fund and the Little equestfund, the trustees not W15h tD revise the amounts designated tor luture expenditure. 31 Analy515 of net assets between funds Unrestricted Re5tri¢ted funds Total 2025 2QZ5 2025 At31 March 2025: Tangible a55ets Investment propertles Investments Current assetsllliabilitlesl Long term liabilities 30,979 98.708 121.197 129,687 121,197 330,721 1.035,581 11,9581 330,721 902.608 11,9581 132,973 1,262,350 352,878 1,615,228
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL 5fATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 31 Analys15 of assets b•tw8en furK15 Icontinuedl Unrestrfcted fvnd$ Restritted nds 2024 Total 2024 At31 March ZQZ4: TanÈlts assets ImiÈstment propertie5 Investments Current a5set511liabilitiesl Longterrn liabiltties 15.738 102.357 121,197 118.095 12L197 335,212 959,173 119471 335,212 773,395 12.947) 185,778 1,121,398 409.332 1,530,730 32 Operntin8 leasecommltment5 Lessee At the repDrtin¥ end date the charfty had outstandin8 ¢thlltnltments for future rnlnlmum lease payments under rK>n- ¢an¢ell8ble operating lease5. which fall due as follDW$'. 2025 20Z4 Within one year Between two ènd fNe years In over five years 47,460 82,350 537,618 32,043 59,650 542,428 667.428 634,121 R¢l4tsd p•rtytiansaEtIon5 In the pVu5 year ican Health & Fitness CIO had a trustee in common with the tharity with no majority control in either charity. Uuring tne veèr, the trustee resigned tmm Ican He3h & Fitness CIO and there are no transactions between the two charitie512024.. £9,335). Subsidiarfes Detslls olthe ¢harlty'S subsidiaries at 31 March 2025 are asfollows.. Name of undertakSn8 Ro1151ered office Nature of buslness Cla55 of shares held % Held Dlreth Indirect Age UK Caili51E & Ede Enterprlses Llmited UK Dormani Ordinary Share5 iOO.LK)
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR TME YEAR EhTDELI 31 MARCH Z025 Subsldlarles (ContiNedl The aggregate capitsl and re5erve$ and the resu for the year of subsidiarie5 excluded from consolSdation was as follows." Narne of undertakln8 ProlhllLossl Capii•l ond Reserve$ Age UK Carlisle & Eden Enterprises Llmited 13,6871 The Charity'5 trading subsbjiarycompany. Age UK C•Tli51e & Eden Enterprises Limited, was dissofved on 1st April 2025. ContinKen¢ies Contirynt liabslities: Prior to l Aprll 2009 former employees of Age Concern Eden partSdpated In a defined contribthry pension scheme through the Pensions Trust. one part of which gives tertain guarantees to memters. The transfer ol etnployees to Age UK North Cumbria meant membership ol the Pertsion Trust Scheme terrninated and triggered a liakn'lity to the Scheme equal to the full buy out cost for employees affÈcted. Age Concern Eden paid É11.238 to covÈrthe technical deficit The residual liability, estimated by independent actuarles at £34.151 in Septernber 2009. is guaranteed by Age UK North Cumbria. The Tesiduol liabilitywill vary accordingto th¢ value of the Pension Tru5tfvnd assets and residual liabilities. Contingent 0$5ets: The charlty has been made aware of one legacy due to It at the year end, however the amount of the legary Is no¢ yet known, therefo no amount ha5 been included in the tinancial statsments in respect of this. sh genernted from operations 20Z5 2024 surplus fort year 84,498 87,831 Adjustments for: Investment Income recognlsed In statemellt of financlal attivitles Fairvalue Bain5 and1055e5 on inve5trnenls DepCIatIOn and irnpairment of tsngible fixed a55ets 127,3321 17311 18,668 126,7021 126,2B81 11.127 Movements In worklng capltal: Decreasellincreasel In siocks Il¥lLl¥d)¥lldyii¥d)E Iii dEbtur5 IDecreasel/increase In creditors IDe¢rea5el in deferred income 321 149,7281 135,9581 187,1621 11.226) 1,591 63.754 111.9161 Cash labsorbed byllynerated from operations 197,4241 98,171
AGE UK NORTH CUMBRIA NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 37 Analysis of change5 In net fvnd$ AtIAprl 2024 Cashlljws PA 31 Mark 2025 Cash at bank and In hand 1.187.160 196,0221 1,091.138 Obligations underfinance leases 13,8411 12,9461 1.183.319 195,1271 1,088.192 .35.