A N N U A L R E P O R T & A C C O U N T S 1 A P R I L 2 0 2 4 - 3 1 M A R C H 2 0 2 5
A G E C O N C E R N E P S O M & E W E L L
C H A R I T Y D E T A I L S
CHARITY NUMBER: 1139652 REGISTERED OFFICE: The Old Town Hall, The Parade, Epsom KT18 5AG www.ageconcernepsom.org.uk TEL: 01372 732456 PRESIDENT: The Worshipful the Mayor of Epsom & Ewell A company limited by guarantee registered in England and Wales 7448692
E X E C U T I V E C O M M I T T E E
CHAIR: Louise Laudy Appointed May 22 TREASURER: Nick Brodie Appointed May 22 TRUSTEES: Adriana Lazdins Appointed Sept 23 Mona Patel Appointed Sept 23 Debbie Sesay Appointed Sept 24 Alan Paterson Appointed Sept 19 Resigned Aug 24 Sarah Woods Appointed Sept 23 Resigned Feb 25 EPSOM & EWELL BOROUGH COUNCIL REPRESENTATIVES: Steven McCormick Appointed May 24 Graham Jones Appointed May 24
S T A K E H O L D E R S
PRINCIPAL BANKERS Caf Bank 25 King’s Hill Ave West Malling ME19 4JQ INVESTMENT ADVISOR Rathbones incorporating Investec Wealth & Investment (UK) 30 Gresham St London EC2V 7QN
HONORARY SOLICITOR Liz Dalgetty Downs Solicitors 156 High St Dorking RH4 1BQ INDEPENDENT EXAMINER Susan Kumar ACA Holden Granat LLP Chartered Accountants Springfield House 23 Oatlands Drive Weybridge KT13 9LZ
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A G E C O N C E R N E P S O M & E W E L L
R E P O R T O F T H E T R U S T E E S F O R T H E Y E A R E N D E D 3 1 M A R C H 2 0 2 5
The Directors of the charitable company (‘the Charity’) are its Trustees for the purposes of charity law and throughout this report are collectively referred to as the Trustees.
The Trustees present their report and the financial statements for the period ended 31 March 2025. The Trustees confirm that the annual report and financial statements of the charity comply with the provisions of the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
a) DETAILS OF CHARITY - see page 2
b) STRUCTURE, GOVERNANCE AND MANAGEMENT
- (i) Status and Constitution
On 23rd November 2010, the Trustees incorporated a company limited by guarantee bearing the name Age Concern Epsom & Ewell which was subsequently granted charitable status by the Charity Commission. The company remained dormant until 31st March 2011 when, with the approval of members of the organisation, the net assets and employees of Age Concern Epsom & Ewell (an unincorporated charity no 248704, with a history going back to 1947) were transferred to the company. Activities commenced on 1st April 2011.
The company is limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.
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A G E C O N C E R N E P S O M & E W E L L
The Articles state that the Board shall consist of the Chair of the Charity, six persons elected by the members at an Annual General Meeting or such other number as may be determined, up to two persons nominated by Epsom and Ewell Borough Council and persons co-opted under the provision of Article 22.29 and 22.10. The Board shall also be Trustees of the Charity.
(ii) Risk Management
The major risks to which the Charity is exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigate risks.
The Trustees have purchased what they are advised is suitable insurance cover for staff (paid and volunteer) who work with the Charity and for the beneficiaries of the services provided by the charity.
Full details are given in our Financial Policy, available from the office.
c) PUBLIC BENEFIT
When reviewing the aims and objectives and in planning future activities the Trustees have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission.
d) OBJECTIVES AND ACTIVITIES
The objectives of the Charity are to promote and assist in the general well-being of elderly people in the Borough of Epsom and Ewell. This is fulfilled by providing transport, advice and information services, home visiting, social support services and other activities all listed below:
Information and Advice / Home Visiting
Confidential information and advice (I & A) is provided on a wide range of issues affecting older people between 9.30am and 1.00pm Mon - Fri by telephone, e mail and personal callers. Older people or a concerned family member may contact us. We work with numerous voluntary and statutory sector organisations who signpost clients wishing to use our services. This may be via the Epsom & Ewell Social Services Locality Team, Central Surrey Health Community Matrons, Social Prescribing, Hospital to Home, Sight for Surrey, care businesses. The I&A enquiry may be signposted to another ACEE service eg. medical transport scheme, befriending/social support or to an outreach service such as Dementia Connect, Silverline, Action for Carers Surrey.
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A G E C O N C E R N E P S O M & E W E L L
An enquiry through the I&A team may result in a home visit. Home Visitors help to obtain Blue Badges for parking and Attendance Allowance benefit enabling clients to have funds to help make their lives easier. The Home Visitor can assess clients’ needs in their own surroundings often resulting in finding out that a client has more needs than originally thought and referrals to the Occupational Therapist team, Adult Social Care and specialist organisations can be made.
Social Support Services: Befriending Service
Our befriending service supports people living alone in the community and offers a friendly face to look forward to seeing each week. It is important that the client and befriender ‘click’ i.e. have a common interest and that their temperaments are compatible.
Friendships are formed that in some cases last for years and we often find that volunteers go above and beyond just having a cup of tea and chat with their client. As a result, isolation is reduced and any worries or concerns about health, mobility, benefits etc. can be relayed if appropriate by the befriender to ACEE so that they can try to resolve the problem.
Sunday Teas
Once a month a Sunday tea is held which involves a combination of socialisation, activities and entertainment and provides a full afternoon tea. This long-established service is for older people who feel lonely and want some company, entertainment and varied activities. There is a small charge for the tea and transport can be provided by volunteer drivers. It gives clients the opportunity of making new friends in a welcoming environment.
Hearing Aids
Batteries can be obtained at our office.
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A G E C O N C E R N E P S O M & E W E L L
Medical Transport Scheme
The scheme is for members to attend medical appointments, visit family or friends in hospital or residential homes or any other journey that is deemed appropriate for the member's wellbeing. The transport scheme is run and serviced by volunteers overseen by a member of staff. A unique part of the scheme is that the volunteer driver stays with the client for up to two hours. Clients pay per trip and drivers claim mileage expenses.
IT Support
Our band of IT volunteers help clients to make better use of their computer, tablet, smart phone usually by one to one support. Training is also offered at the monthly computer club held at The Old Town Hall.
DIY
Our volunteers carry out small DIY jobs eg. putting up shelves, curtain poles.
Men’s Club
The “ACE Men’s Club” offers the opportunity for older men, particularly those experiencing loneliness and social exclusion, to overcome the difficulties they have in accessing opportunities to meet socially and enjoy an activity or pastime enabling them to live a more fulfilling life during their older years and make friends.
e) ACHIEVEMENTS AND PERFORMANCE
All our charitable activities focus on empowering older people in Epsom & Ewell to live the most fulfilling lives they can and are undertaken to further our charitable purposes for the public benefit. The review of our activities above clearly illustrates this.
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A G E C O N C E R N E P S O M & E W E L L
f) FINANCIAL REVIEW
The Statement of Financial Activities shows that expenditure exceeded income by £82,229. This compares with an excess of income over expenditure 2023-24 of £19,040.
The Balance Sheet shows funds of £432,650 (2023-24 £496,858).
Principal Funding Resources
The Charity receives vital support from Epsom & Ewell Borough Council. This is for our accommodation in the Old Town Hall and includes utility costs.
Other income sources are:
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Investment income from the Designated Fund
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Fundraising including Donations and Legacies
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Paid for services
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Grants
Any deficit of income over expenditure is met by withdrawal from the Designated Funds.
Reserves Policy
The Trustees have decided the Charity should hold sufficient Reserves to cover approximately six months net operating costs and contingency (approximately £52,000) which form part of the General Reserves. The remainder of the funds are held as General Reserves, the Large Legacy Designated Fund and Restricted Funds. As at 31 March 2025, the Total Funds stood at £432,650.
In addition, on a quarterly basis, the Governance group review the 24 month horizon for financial viability.
The Trustees also review the level of Reserves on a quarterly basis.
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A G E C O N C E R N E P S O M & E W E L L
Restricted Funds
We have been successful in being awarded grants/funding to support specific services/events that we deliver directly benefitting our clients.
Men’s Club Service £2177
This fund supports the sustainability of activities for older gentlemen to reduce isolation and loneliness. This is a project delivered in various outreach settings locally, supported by a paid member of staff and volunteers.
National Lottery/Your Fund Surrey Grants £8168
These grants will continue to be used during 25/26 to support the ‘In Memory Woodland.’
Surrey County Council Accelerator Reform Funding £4370
This fund delivers outreach support to the older generation in our borough who live in deprived and hard to reach wards.
Investment Policy
The investment principles adopted by the Trustees are:
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To appoint professional financial managers to manage the Charity’s investments To protect the real value of our assets and income by holding a diversified balanced portfolio of asset classes in order to reduce risk. To tolerate a low / medium level of risk in our investments
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To have a reasonable level of investments in readily convertible assets, including cash, in order to provide flexibility.
The Investment Advisors have a brief to hold a balanced portfolio with a low to medium level of risk in order to provide income and growth in line with our Investment principles. The investment portfolio consists primarily of UK Fixed Interest & UK and International Equities with small holdings of Commercial Property, Alternative assets & cash.
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A G E C O N C E R N E P S O M & E W E L L
The Charity’s investments are managed by Rathbones incorporating Investec Wealth & Investment (UK), who have a brief to provide income and growth in line with our Investment policy outlined on page 8.
Investment Report
As at 31 March 2025, the investment portfolio consisted broadly of Fixed Income (approx. 26%), Equities (30%), Property (4%), Alternative Assets (17%), and Cash (23%). The total portfolio decreased by £70,876 during the year. Overall the capital invested, including cash in interest bearing accounts, at 31 March 2025 was £436,646 (as at 31 March 2024 it was £507,522).
The accounts of the Charity for the year ended 31 March 2025 are set out in the Accounts for the Year Ending 31 March 2025.
Trustees’ Responsibilities
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period.
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A G E C O N C E R N E P S O M & E W E L L
- In preparing these financial statements, the Trustees are required to: Select suitable accounting policies and then apply them consistently Observe the methods and principles in the Charities SORP Make judgements and estimates that are reasonable and prudent State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity. These enable them to ascertain the financial position of the Charity and to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf on 4th September 2025.
Louise Laudy Chair
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A G E C O N C E R N E P S O M & E W E L L
Independent Examiner's report to the Trustees of Age Concern Epsom & Ewell
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025 which are set out on pages 13 to 19.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Susan Kumar ACA Chartered Accountant
Holden Granat LLP Chartered Accountants Springfield House 23 Oatlands Drive Weybridge KT13 9LZ
Date: 4th September 2025
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A G E C O N C E R N E P S O M & E W E L L
ACCOUNTS FOR THE PERIOD ENDING 31 MARCH 2025
COMPANY NO 7448692 REGISTERED CHARITY NO 1139652
P A G E 1 2
AGE CONCERN EPSOM & EWELL Age Concern Epsom and Ewell STATEKNT OF FIIANCIPL XTMllES FOR THE YEAR EMDED 31 2024 2024 T1 2Q3 N<Ae un•tr1ded Reiictexl Ir¢oiing Res)uree• I17ng Reurce tranGed FWK vOrtary1nCCffie A¢tMtEs tr Gerat9 FuThJs Instrnenl Incr e - cl bar irterost IrumiTrJ Re$wrce$trom Chartabk &691 104,279 28.171 19,028 38.401 277,801 28,9CO 28.171 19,028 38.401 43, Totsl iie4m lig resowc48 691 189 878 354 SIQ Re•ourte¥E xFtThleAI C(xt Genel1Thj FuThJ• Cc6ts ofGenerm9 ibhJntary Irme Cc8ts 0fA£tM'ts ts Genwatmg Fun th¥tstm ts)l Man&)emt F• chOrtab ACtrts GcNffnaru Cos Totsl SourCeS wended 31,364 13. 2,234 117.3 31, 13.968 2,234 121.840 23,59) 11,576 4,515 137,7 9T2 166 3Z3 170 838 MET IIICOAINGIPUTGOWGI RESOURCES Nel G50$e3 on nve51rnenls 14.8E4 ' 2,6 4,176 19.040 2,696 177,631 112,6541 MET NK)VEhEIIT IM FUIIDS TOT FUN DS brojhtI¢YvWd 469, 5,576 475,122 310,142 TOT FUNDS urried k+wnl 752 The ncles on pages 15-19 partofthe2e thana¥ *aternent8 PACE 13
AGE CONCERN EPSOM & EWELL
a11cE SHEEf ASAT 31 MAqeH 2024
Frxal Pssets
hStrrVèrts
87T
157.333
1e4.079
SLméry Dèbkns Pfq)tymèrts
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3.•Jg
343 443
1.931
331 0
TOTfvLASSETS
510.9
491.32)
s CLInI Ll4iltts - aMrU dL oro
CreL#ers •nd
TOTLSSETS LESSCURRENT LWBLfTES
49e,8
T5.121
NET ASSETS
498,8
475.121
R•str•d
10
&57T
urytr furxlj
10
47.1(•
4J%545
TOTfvL FUNDS
,8
75.122
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31 X24.
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A G E C O N C E R N E P S O M & E W E L L
NOTES TO THE FINANCIAL STATEMENTS - YEAR ENDED 31 MARCH 2025
1 Accounting Policies
1.1 Basis of preparation of financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The charity has taken advantage of the following reduced disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
1.2 Incoming resources
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies apply to categories of income:
For legacies, entitlement is the earlier of the Charity being notified of an impending distribution or the legacy being received.
Donated services and facilities are recognised in the Statement of Financial Activities where the value can be quantified with reasonable accuracy. Whilst valuable additional resources, no amounts have been included in the financial statements for services donated by volunteers.
Dividend income is included in the Statement of Financial Activities when received by our investment manager. Fixed interest income is accrued.
Grants are included in the Statement of Financial Activities when received.
1.3 Resources expended
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of resources. Central overhead costs are allocated to operational and fundraising functions on the basis of their use of central support services.
Costs of generating funds are those involved in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
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A G E C O N C E R N E P S O M & E W E L L
Governance costs are the costs associated with the governance arrangements of the Charity that relate to the general running of the Charity, as opposed to those costs associated with fundraising or charitable activity. Included within this category are costs associated with the strategic, as opposed to day-to-day management of the charities activities.
1.4 Fund accounting
General funds are unrestricted funds that are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been earmarked by the Trustees for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income and gains are allocated to the appropriate fund.
1.5 Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation and impairment is provided on all tangible assets at rates calculated to write off the cost of those assets, less their estimated residual value, over their useful economic lives on the following bases:
Computer equipment – 25% straight line
1.6 Investments
Investments including interest-earning bank accounts are stated at mid-market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals during the year.
1.7 Pension costs and other post- retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
1.8 Taxation
The charity is exempt from corporation tax on its charitable activities.
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AGE CONCERN EPSOM & EWELL Aqe Concern Epsom Ev1 IIOTES TO THE F14P•4CIfvi ST ATEII84T SICONTINUED FOR THE YE•II BIDED 31 IAARCH X124 2 VoluThtJrylTrWe 3)2 3)23 Total Vrn5knrted R¥trd 8.CO1 .2 15201 LydAS 277 104,275 01 2a Total 3)23 Vrn5trid•d Rrkn 19.0 38(0 3) 3)2J Vrnstrid•d T+xal 14.075 18.944 BJ23 TiiJwt 18.8(¢ 17.43J 2185 17. 2.1e8 38.1 .401 43.983 Unr•strid•d A•rl Tota ToLIl •x FLn w•rb•rtNkn4U•YWtCuts 31.424 37.818 31,4e4 37,810 10.482 VD iro Sv%iva Tt•isrx>t s>X•i .374 10.4 SLdIYt$ 1.189 1,721 213 11.0 i1S2 Z13T2 10.953 5ccdsupyrrft 1.437 9T2 9rd 1ffl 323 176 PACE 17
AGE CONCERN EPSOM & EWELL Ageconcern Epsom and Ewell MOTESTOTHE AN1C15TATEktMTs ICONnNuEDI FOR THE YEIR ENDED 31 PAARCH 2024 Re•e E)pen(A conlwed 2Q4 2Q3 121008 124.708 Z046 ern[knra Nl 125054 126 754 Aage rnmber& ofempb4tes (filltineewmart) Flo eamed in tK£tx of£60.00 TnJses refftd no rmerntknn Orbets kn kn"nd¢kniotheperod. Net Outy¥ThJ Reue 2Q4 Ttart 8tsted afr tharpkno Deweuatb)n dwTrJttrt EyJmnglLm (v 640 1,4 9T2 Inv••tnunts 2024 2Q3 148 11fA1701 Unrlad g•n• Ilty)Ml 11&64n Taryltkn FIxf•J AMDl¥-CompLterknJtslotKn ondEwikTh&it 8a[1& I IpA2023 31 Marth 1124 Depr&< Balryrtt at 1 Iprl 2023 4712 640 Dsspc4D Ilet Bsx lèlueat31 JJ24 37 Net Brx *lueatJ1 3)2J PAGE 18
AGE CONCERN EPSOM & EWELL Age Concern Epsom and EVRII MOTESTOTHE HNP14c1 ATENT5{Cc¢1T1lUEDI Fai THE YEP 31 IA4gCH 3131 9 kn¥•51Trnt5 161.079 157.333 1040 1573 Opywy 1 &vI2CQ3 151.333 357.8 12835 1810241 115,047) 131,rx 11a170J bkn4t 31 Klrth2021 Fty •thJ31 KknTth2024. 01 4Y£18.KviwJ£zv £1Q1701212Y£l&e47> £Z£8Ell2023•J• £12th11
31WthZ24
It 31 2)Z4 4372 1Q T4)t T•¥ 11 # 31 chI)Za 5 310,142 4.1ni 14*Y 19.0•) 1w).ar 115.offj
31 lknhX124
11 ly•w Iw•ww•nofftibY FWtytr•rn•¢¥y¥ IW23"£01 PACE 19
AGE CONCERN EPSOM & EWELL AGE CONCERN EPSOM & EWELL HELPING OLDER PEOPLE FEEL LESS ALONE