Registered number: 07517777 Charity number.. 1142414 AGE WELL EAST LTD (A company limiled by guaranlee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
AGE WELL EAST LTD IA eompany Ilmlted by guarantee) CONTENTS Page Reference and administratlve details of Ihe charlty, Its Trustees and advisers Trustees, report Independent examiner's report Statement ol flnanclal activitie$ 9-10 Balance sheet 12-13 Statement of cash flows 14 Notes to the financial statements 15-32
AGE WELL EAST LTD IA company limlted by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OFTHE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees C J Andrews N W J Avery, Chair C N Bennett E A Bloomfield S Carrulhers lappoinled 19 November 2Q241 A Georgeson (resigned 24 September 20241 E L L M¢Cullagh TPBSingh S While J A Wiggins, Treasurer (resigned 24 September 20241 Company registered number 07517777 Ch8rlty reglstered number 1142414 Reglstered offlce Room 18 Imperial House 20-22 Rosemary Fload Clacton-on-sea Essex C015 1NZ Company secretary C J Andrews Chief executivg officer T Harrison (resigned 23 February 20251 Accountants Griffin Chapman Statutory Auditor and Chartered Accounlanls 4 & 5 The Cedars, Apex 12 Old Ipswich Road Colchester Essex C07 7QR Bankers The Co-operative Bank PIC PO Box 250 Skelmersdale WN8 6WT Page 1
AGE WELL EAST LTD IA company limlted by guarantee) TAUSTEES, REPORT FOR THE YEAR ENDING 31 MARCH 2025 The Iruslees who are also directors ol the charity lor the purposes of the Companies Act 2006, present their report with the financial statements ol the charity lor the year ended 31 March 2025. The trustees have adopted the provisions ol Accounting and Fleporting by Charities.. Slalemenl ol Recommended Practice applicable to charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 lelleclive 1 January 20191. OBJECTIVES AND ACTIVITIES Publlc beneflt= In setting objectives, d8veloping strategies, and undertaking a¢livilies the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit. Vision To be the go-lo place lor people to feel connected, informed, and included as they grow older. Mlsslon To support and empower people to age well. Values Trust, Excellence, Community. The mission ol Age Well East is lo 'Empower and support people lo Age Well. and this Can only be done if we put the people we support and the people who work and volunteer for us al the very Ironl ol 8verylhing that we do, however challenging this may be. Annual Overvlew The 2024125 financial year was the most challenging lor Age Well Easl in living memory and the financial rèsults speak lor this. This is in an environment where barely a month goes by wilhoul another local Age UK or Age Concern announcing ils closure. The Trustees have supported a senior leadership team who were prepared lo lake ditficult decisions to make necessary changes, working together to minimise the human cost to staff and beneficiaries whilst ensuring the future suslainabilily ol the charity, in¢1uding some significant cost reductions. All our staff and volunteers have worked hard keeping the "show on the road" and the Trustees greatly appreciate everybody's conlribulion. These cosl reductions included making the post ol lull lime Chief Executive Officer redundarrt and we did not renew the lease on the Veranda, which was not being used enough to merit the cost. We particularly thank Tom Harrison, former CEO for his selfless approach to ensuring the lulure ol Age Well East, and lo Colin Bennett who leased the veranda lo the Charity al less than hall the market rental lor 6 years. The Charity has now achieved short to medium term sustainability and the priority lor 2025-2026 is to develop the strategy, which will be focused upon unrllet needs within Essex and long-lerm income generation. OPERATIONAL REVIEW Welfare and Advlce Services Age Well East's Advice and Welfare service expanded to include a fourth complementary activity enabling support to people wifh unpaid caring roles as well as those with needs arising lor advice matters, dementia support and mental wellbeing needs. The locus is on early intervention and the prevention escalation towards more acute services. Advice servlce Our Advice Work through this time extended ils funded reach into Braintree District alongside Northeast Essex lo assist people living with financial and health related haidships. A key oulpul ol this work was to assist people to claim benefits and enlitlemenls available lo them and the impact ol this work was lo increase collective annLJal incomes by £1.5m. Page 2
AGE WELL EAST LTD IA company limiled by guarante81 TFIUSTEES, REPORT FOR THE YEAR ENDING 31 MARCH 2025 The service focused on assistance with Attendance Allowance applicalions13701. blue badge disabled parking permils11851 and benefits checks11791. The service assisted 722 clients with 988 cases lor assistance this year. Carer Navlgatlon servic Age Well East were successful in receiving funding lo provide a new setvice to SLJPPOrt unpaid carers in later years across North East Essex. This seNi¢e includes direct emotional support. navigation towards other k&y supports including carers assessments and help lo connect with other unpaid carers. Thg service assisted 78 unpaid carers with a range ol interventions and assistance this year. Dementla Sgrvices This service locuses on proactive client engagement, to reduce the likelihoc)d ol people with d&menlia prerllaturely a¢cessing acute services. The setvice assisted 229 clients land carers) across 366 cases ol assistance. Mental Wellbeing Navigation and Involve seiCe The success ol our support lor people In later years with mental wellbeing needs led lo a further period ol funding this year, working more closely with our befriending service. The purpose ol this project is lo support and navigate clients referred lor friendship, and setvices meeting unfnel needs lor mental wellbeing, The service assisted 39 clients with a range ol inlervenlions and assistance this year. Befrlendlng This year marked the third year ol our Essex Wellbeing Service IEWSI contract. now midway through ils live- year term, with a potential Iwo-year extension.11 was also the final year of the three-year contract in Thurro¢k, which provided befriending support lo adults aged 60 and over. Over the year, we received 860 referrals and matched 612 individuals with a volunteer belriender. In addition to one-to-one support, the team made 908 external referrals lo a wide range ol partner organisalions lo address clients, wider needs. These included 14 safeguarding referrals and signposting to services such as Essex Fire and Rescue, adult social care lor care needs assessments, Community Agents, mental health services, and domestic abuse charities. Volunteer promotion, recruitment and retention remained a strong locus. We received 358 volunteer enquiries and lully onboarded 104 new belrienders. Al the end ol March 2025, 270 volunteers were actively supporting the service. Community Groups Between April and December 2024, our Veranda Community Hub hosted over 540 sessions, w8lcorning 4,212 attendances. Activities ranged from Knit & Nattèr and Art Club ID Chair Exercise, the Dementia Friendship Group, Tai Chi, and regular social coffee mornings. Following the Hub's closure in December 2Q124, all attendees were supported in finding allernalive groups and services within the local community. Our online friendship groups remain a valued option, ollering accessible, sale, and inclusive spaces lor social connection. particularly lor those unable lo allend lace-lo-lace activities. Page 3
AGE WELL EAST LTD IA company limited by guarantee TRUSTEES, REPORT FOR THE YEAR ENDING 31 MARCH 2025 Online groups in 2024-25 included.. Book Club.. In partnership with the library service, books were delivered and collected lor clients unable lo allend in person. 76 attendance5. Arts & Crafts Group.. Thanks to dedicated funding, we provided free craft supplies to participating clients. 297 attendances. Evening Friendship Group.. A later session designed lor clients who lind evenings particularly isolating. 451 attendances. Our in-person grtsups, the Slanway Lunch Club, Brightlingsea Friendship Group, and Mersea Road Friendship Group, continued lo run weekly. Each group welcomed an average o13fv40 allendees and offered a warrn and supportive environment for building social connections and reducing loneliness. Digital Friends (Pilot) From November 2024 to January 2025, we piloted a Digital Friend service to support homebound clients with basie digital skills. This included help accessing the NHS app, navigating the internet, shopping online, and joining online social groups. The first hall of the pilot focused on preparation and volunteer onboarding.. All relevant policies and procedures were developed and implemented. Eight volunteers were successfully recruited and trained. In the second phase.. 15 clients received digital support al home. Nine additional volunteers expressed interest in joining the initiative. This pilot demonstrated early signs ol positive impact, with clients reporting increased conlid8nce, social engag8ment, and digital independence. We now have data that demonslrales both the need lor the s8rvic8 and the positive outcomes il delivers, providing a strong foundation lor future funding applications. Inbound Service The Inbound Setvi¢e underwent significant changes during 2024125, including a reduction in call handler paid staff ing hours from around 80 to just 11 per week. Despite this substantial decrease, the service successfully received and responded lo approximately 2,500 calls over the year. As a result ol these calls, 417 external relerrals weTe made lo support services, partner organisations, and trusted local tradespeDpIe. Additionally, the team successfully converted enquiry calls into 260 referrals lo our Advice & Welfare team, dementia services, and carer support. FINANCIAL REVIEW Financial Po$ilion 2024125 has been a challenging year lor the charity. One substantial conlraet ended in March 2024, and income has declined lor the second consecutive year. In response lo the ¢onlract loss, Ihe decision was taken to use some ol our reserves lo maintain servic& delivery al the highest possible level and to invest in developing a strategic income generation plan. Allhtsugh this approach successfully secured £134k in additional income that was not confirmed at the start ol the year, we ended the year with a delicil 01 £64k. This shorttall was covered by our reserv8s, bul il leaves the charity with a reduced level ol free reserves going into 2025126. Page 4
AGE WELL EAST LTD IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDING 31 MARCH 2025 As part DI our cost management, four redundancies were made during the year. In addition, where staff left voluntarily, roles were not replaced where possible, helping lo reduce overall staffing levels naturally. Total income lor the year was £771 k and total expenditure was £835k, resulting in a deficit of £64k. Sources ol Fundlng In 2024125, the majority ol our income154Q/.I came from NHS and local authority contracts and grants. A further 36°/o came from a variety ol trusts and loundalions, ol which 13Q/o was unrestricled income. The remaining 8Y. was generated through community fundraising and the valued support ol our regular donors. Investment Policy and Objectives Due lo the necessity ol drawing on our reserves, there were no lunds available lor long-lerm investment during the year. Our objective lor 2025126 is lo b&gin rebuilding our resetves and to continue working lo stabilise and slrenolhen the charity s tinancial position. Reserves Pollcy Age Well East's reserves policy is risk-based, with trustees assessing each income stream individually. This ensures that reserves are held at an appropriate level - not in excess ol need - so that we can maximise the funds used lor Charitable activities. When reviewing the reserves policy, Iruslees consider.. The nature ol our funds-. Reslricled funds are held lor specific purposes and are not included in free reserves. Unreslricled lor generall funds may be used to support the charity's objectives, and the balance ol Iheso forms Dur free reserves. The nature and risk of our income slrearns.. The greater the risk of a funding stream ending, the greater the need lo hold reserves lo manage polgnlial disruption. Our latest review suggests that, as 97.78Vo of our income is secured, our overall funding risk is currently low. Trustees have reaffirmed that the ideal level ol reseNes is equivalent to one month's operating costs, plus a £10,000 contingency. While we do not currently meel this target. rebuilding resèrves remains a key priority lor the year ahead. Going Concern Trustees have assessed the charity's ability lo continue as a going concern lor a period ol at least 12 months Irorn the dale ol approval ol the financial statements. This assessment has taken into account key risks and uncertainties that could impact the charity's operations. In forming this conclusion, trustees revi8wed budgets, forecasts, cash flow and reserves projections. contingency plans, and the availability ol liquid assets. Forecasting was extended through to March 2027 10 support a more comprehensive view of Ihe charity's suslainabilily. Key Risk$ and Uncertalntles The Cost-saving measures introctuced in 2024 have limited scope lor further significant reductions. Ourtorecasl lor 2025126 is based solely on secured income, while the lorecasl for 2026127 includes both secured and some unsecured income. The position will be monitored closely, and appropriate mitigating actions will be considered il income fal$ short ol projections. Concluslon TrLJStees consider there lo be no material uncertainties about the charity's ability lo continue as a going concern. Based on the inlormalion reviewed, there is reasonable expectation that the charity has suff icienl resources and reserves lo ¢onlinLJe operating lor at least the next 12 months. As a result. the financi31 slalements have been prepared on a going concern basis. Page 5
AGE WELL EAST LTD IA company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDING 31 MARCH 2025 Acknowledgements The Board ol Trustees would like to record ils thanks lo all donors and supporters who have contributed lo the charity's work over the past year. With special thanks lo.. Essex County Council Alliance EOL ISI Helena Hospice) Garfield Weston Foundation Masonic Charitable Foundation National Lollery Community Fund Tudor Trust Provide CIC Golchesler City Council Thurrock District Council Easllighl Community Homes Essex Community Foundation Oak Foundation The Charis Trust The Jane Hodge Foundation Fowler Smith and Jones Trust Charles S French Charitable Trust Community 360 Colchester Borough Homes The Annie Tranmer Charitable Trust Co-op Funeral Care Basildon Borough Council Essex County Council- Public Health Aelerator Bids IPHAB The Harebell Centenary Fund Braintree District Council- COL Grant Grassroots The Frank Lilchli&ld Charilablo Trust The Lord Belslead Charitable Trust Schroder Charity Trust Colchesler Catalyst Charity The Ogilvie Charities CVST - Seasonal Resilience Fund Colchesler City Council- Public Health Funding The Lesley Mary Carter Charitable Trust SNEE ICB - Ageing Well Rotary Club ol Colch&sler The Childwick Trust Constance Paterson Charitable Foundation Malchroom Foundation National Lottery - Awards lor All Ann Rylands Anglian Corllmunity Trust STRUCTURE. GOVERNANCE AND MANAGEMENT Slructure and governance Age Well East is a registered charity and is incorporated as a company limited by guarantee. The activities are governed by a Memorandum and Articles ol Association 1 February 2011, as amended 9 May 2012, 14 April 2016, 30 October 2018. 29 August 2019, 31 sl December 2019, and 21 Seplember 2021. Page 8
AGE WELL EAST LTD IA company Ilmited by guaranteel TRUSTEES. REPORT FOR THE YEAR ENDING 31 MARCH 2025 Trustees and organlsatlonal $tru¢ture The fllembers ol the Board ol Trustees are the Trustees ol the charity and are also the directors ol the cornpany for company law purposes. Trustees are elected at the Annual General Meeting of the company for a period ol three years from the dale DI their election. They are eligible lor re-ele¢tlDn alter that period, except that the Chair may serve lor a maximum ol six consecutive years. The board may co-opt Truslees during the year. lo serve until the conclusion ol the next Annual General Meeting, The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the charity commission in exercising their powers or duties. The Board ol Trustees administers the charity and meeis every three months. A Finance, Audit, Risk and Governance Sub Committee IFARGI and an Operations Sub-commillee meet every 3 months and report lo the Board on any risks or major delivery issues. A Chief Executive Off icer is appointed by the Trustees to manage the day-to-day operations ol the charity, and a Senior Leadership Team is in place. Inducllon and tralnlng of new trustees Those wishing to become a Iruslee ol Age Well East meet in the first instance with the Chair ol the Board. The prospective Trustee would then be lorFnally interviewed by a minimum of iwo Age Well East TrLJStees and Ihg Chief Executive, who make Ihgir r8¢ommendalions to the Board ol Trustees. If th& Board ol Trustees agrees lo appoint the prospective Trustee, he or she would be invited lo attend a Board meeting and il all parties are in agreement the Board, then elects or co-elecls until the annual general meeting. All new Trustees meet with the Chair ol the Board and the Chief executive Officer once officially appointed. In addition they offerèd tirne with each of the senior managers in order to gain a better understanding of the operational side ol the charity. Arrangemonts lor solling pay and rgmuneration for key managemant All job roles within Age Well East are benchmarked against the same or similar roles within the charity sector. This ensures that true and lair is provided, Age Well East remain competitive within the sector and are able lo relain and recruit the best candidates for all roles. Trustee's set and approve pay lor senior management. Risk managemonl The risk matrix is held by and reviewed al every Finance, Audit and Risk Trustee Committee and all major risks are escalated and reviewed at the main Board ol Trustees rneeling quarterly. The Board can confirm the reqLJired risk processes and systems have been put in place to enable ettective management and reporting. STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees IwhD are also the directors of Age Well East Limited lor the purposes ol company lawl are responsible lor preparing the Report ol the Trustees and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements lor each financial year which give a true and lair view ol the slate ol allairs ol the charitable company and ol the incoming resources and application ol resources, including the income and expenditure, of the charitable company lor that period. In preparing those financial slalemenls, the trustees are required lo.. select suitable accounting policies and then apply them consistently., observe Ihe methods and principles in the ChaTIty SORP., make judgements and eslimales that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial slalemenls on the going concern basis unless il is inappropriate to presume that the charitable company will continue in business. Page 7
AGE WELL EAST LTD IA company limited by guoranteel TRUSTEES, REPORT FOR THE YEAR ENDING 31 MARCH 2025 The trustees are responsible lor keeping proper accounting records which disclose with reasonable accuracy at any time the financial position ol the charitable ctsmpany and lo enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible lor safeguarding the assets of the charitable company and henc8 IDr taking reasonable steps lor the prevention and detection ol fraud and other irregularities. The trustees are responsib5e for the maintenance and integrity ol the corporate and financial information included on the charitable company s website. Legislation in the United Kingdom governing the preparation and dissemination ol the financial statements may differ from legislation in other jurisdictions. Statement as to dlsclosure of Information to Independent Examiner So far as the Iruslees are aware al the time ol approving our Iruslee's annual report.. there is no relevant inlormalion, being information needed by the independent examiner in connection with preparing their report. ol which the charitable company's independent examiner is Ljnaware,. and the Iruslees hav& taken all steps that they OLJght to have taken to make themselves aware ol any relevant independent examination information and lo establish that the independent examiner is aware ol that information. Trustees. Indemnlty Throughout the year an indemnity insurance policy was in place covgring the Injstees. Small Company provi5ion$ This report has been prepared in accordan¢e with the special provisions for small companies under Part 15 ol the Companies Act 2006. Approved by order ol the board ol trustees on ..i*.. .2025 and signed on ils bèhalf by.. N W J Avery - Trustee Page 8
AGE WELL EAST LTD IA company Ilmlted by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent examlner's report to the Trustees of Age Well East Ltd I'the eharity'} I report to the eharily Trustees on my examination tsf the accounts ol the charity lor tho year ended 31 March 2D25. Responsibilities and basis of report As the Trustees ol the charity land ils directors for the purposes ol cofflpany lawl you are responsible lor the preparation of the accounts in accordance with the requirements ol the Companies A¢1 20061.lhe 2006 Acl'l. Having satisfied myself that the accounts ol the charity are not required lo be audited under Part 16 of the 2006 Act and are eligible lor independent &xaminalion, I report in respect ol my examination ol the charitys accounts carried out under section 145 01 the Charities Act 2011 Ilhe 2011 Act'l. In carrying out rlly examination I have lollowed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent exarniner's statement Since the charity's gross income exceeded £250,000 your examiner musl be a mernber ol a body listed in section 145 01 the 2011 Act. I confirm that l am qualified lo undertake the exalall0 because l am a member ol the Institute ol Chartered Accountants in England and Wales, which Is one ol the listed bodies. I have completed my examination. I confirm that no matters have come to my allenlion in connection with the examination giving me cause lo believe.. accounting records were not kept in respect ol the charity as required by section 386 01 the 2006 Act,. or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements ol section 396 01 the 2006 Act other than any requirement that the accounts give a 'lrue and lair. view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles ol the Slalemenl ol Recommended Practice lor accounting and reporling by charities lapplicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Flepublic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding ol the accounts lo be reached. Page 9
AGE WELL EAST LTD IA company limited by guarantee} INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 This report is made solely to the charil¥s Trustees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those mallgrs l am required to slate lo them in an Independent examiner's report and lor no other purpose. To the lullesl exlenl permitted by law, I do not accept or assume responsibility lo anyone other than the charity and the charity's Trustees as a body, lor my work or lor this report. Signed.. Dated.. 17 ZOJS. Thomas Maddocks FCA FMAAT Griffin Chapman Chartered Accounlanls 4 & 5 The Cedars, Ap&x 12 Old Ipswich Road Colchesler Essex C07 7QR Page 10
AGE WELL EAST LTD (A company Ilmlted by guarantee) STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2025 Restricted Unrestrictod funds funds 2025 2025 Totsl lund$ 2025 Tolai funds 2024 Note Income from: Donations and legacies Charitable activilies Investments 59.562 43.013 3,357 59.562 708.659 3,357 50,985 977,912 5,578 665,646 Total income 665,646 105,932 771,578 1,034,473 Expèndhure on: Raising funds Charitable activities 301 655.619 6,532 172,683 6.833 828.302 6,494 1, 166,895 Total expendlture 655,920 179,215 835.135 1, 173,389 Net Incomellexpendlturel Transfers betweell funds 9.726 {73,2831 {31 163,5571 (138,916) 18 Net movement in fundg 9.729 173,2861 {63,557) (138,916) Reconciliation of funds- Total funds brought forward Net movement in funds 35,149 9,729 100.777 173.2861 135.926 (63,55n 1738,916) Totsl lund$ Carrled forward 44,878 27,491 72,369 135,926 The Statement ol financial activities includes all gains and losses recognised in the year. The notes on pages 15 to 32 form part ol these financial slalemenls. Page 11
AGE WELL EAST LTD IA company Ilmlled by guarantee) REGISTERED NUMBER: 07517777 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Fixed assets Intangible assets Tangible assets 13 14 3,549 5,113 5,485 32,697 8,662 Current assels Debtors Cash al bank and in hand 15 58.816 149.491 58,232 184,055 208,307 242,290 Current Ilabllilies Creditors." amounts falling due within one year 1144,600) (144,546J Net current as$et$ 63,707 97,744 Total assets less current liabilities 72,369 135,926 Total n8t assets 72,369 135,926 Charity funds Reslricled funds Unrestricted funds 44,878 27.491 35, 149 100, 777 Total funds 72,369 135,926 The charity was enlilled lo exemption from audit under s8clion 477 01 the Companies Act 2006. The members have nDI required the company lo obtain an audit lor the year in question in accordance with section 476 01 Companies Act 2006. The Trustees acknowledge their responsibilities lor complying with the requirements ol the Act with respect lo accounting records and preparation of financial slalernents. The financial slalemenls have been prepared in accordance with the provisions applicable lo enlilies subject lo the small companies regime. The linancial slalemenls Were approved and aulhorised lor issue by the Trustees on and signed on their behalf by.. Page 12
AGE WELL EAST LTD IA company limited by guarantee) REGISTERED NUMBER: 07517777 BALANCE SHEET ICONTINUEDI AS AT 31 MARCH 2025 J Avery The notes on pages 15 10 32 form part ol these tinancial slalements. Page 13
AGE WELL EAST LTD IA company Ilmlted by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operatlng activities Net cash used in operating activities 139,924) (487,555) Cash flows from investing activities Interest received Proceeds from the sale ol tangible fixed asseis Purchase ol tangible fixed assets 3.357 2.000 5,578 (7,406) Net cash provlded byllused in} investing acllvllles 5.357 {1,8281 Cash flows from flnanclng acllvltles Nel cash provided by financing activltles Change In cash and cash equlvalents In the year Cash and cash equivaSents at the beginning ol the year 134.5671 184,058 1489.3831 673,441 Cash and cash equlvalents at the end of the year 149.491 184,Q58 The notes on pages 15 10 32 form part ol these financial statements Page 14
AGE WELL EAST LTD (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR TPIE YEAR ENDED 31 MARCH 2025 General information Age Well East Limited is a company limited by guarantee, registered in England and Wales, registration number 07517777. The address ol the registered ollice is Room 18 Imperial House, 20-22 Rosemary Road, Clacton-on-sea, Essex, C015 1 NZ. It is also a registered Charity, registration number 1142414. Further details are included in the Trust&&'s Report. Accountlng pollcles 2.1 8asis of preparatlon ot financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalemenl ol Recommended Practice applicable to charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFFIS 1021 lellective l January 20191, the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 and the Companies Act 2006. Age Well East Ltd meets the definition ol a public benefit entity undgr FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Income All income is recognised once the charity has entitlement lo the income, il is probable that the income will be received and the amount ol income recgivable can be measured reliably. The recognition ol income Irorn legacies is dependent on establishing entitlement, the probability ol receipt and the ability lo estimate with sufficient accuracy the amount rec&ivable. Evidence ol enlillemenl lo a legacy exists when the charity has sullicient evidence that a gift has been lell lo them Ilhrough knowledge ol the existence ol a valid will and the death ol the benelactorl and the executor is satisfied that the property in question will not be required lo satisfy claims in Ihe estate. Receipt ol a legacy must be recognised when il is probable that it will be received and the lair value of the amount receivable, which will generally be the expected cash amount lo be distributed lo the charity, can be reliably measured. Granls are included in the Slalemenl ol financial activities on a receivable basis. The balance ol income received lor specific purposes bul not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance ol entitlement ol receipt, its recognition is deferred and inclLJded in creditors as deferred income. Where enlillement occurs before income is received, the income is accrued. Voluntary income is rèceived by way ol grants and donations and is included in lull when receivable. Gift Aid recoveries on donations from individuals are fecognised in the same period as the donation. Donated services are included al the value lo the charity where this can be quanlilied, and where they have been supplied by local businesses in the Course ol Iheir normal aclivilies. The value ol services provided by volunteers has not been included in these linancial statements. Page 15
AGE WELL EAST LTD {A Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (continued) 2.3 Expendlture Expenditure is recognised once there is a legal or conslruclive obligation to Iransler economic benefit lo a third party, it is probable that a transfer ol economic benefits will be required in settlement and the amount ol the obligation can be rneasured reliably. Expenditure is classified by activity. The costs ol each activity are made up ol the lolal ol direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated dire¢lly lo that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use ol resources. Central stall costs are allocated on the basis ol time spent, and depreciation charges allocated on the portion ol the asset's use. Expenditure on raising funds includes all expenditur& incurred by the charity to raise funds lor its charitabl& purposes and includes costs ol all fLJndraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the aclivi11gs whi¢h further the charity's objectives, as well as any associated support costs. All &xp8nditure is inclusive ol irrecoverable VAT. 2.4 Allocation and apportlonment of costs Direct costs are allocated against the activities as incurred. OlheT costs have been apportioned over th& activities inline with lime spent on those activities by employees in supporting roles. 2.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is normally upon nolilicalion of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Intangible assets and amortisalion Intangible assets are capitalised and recognised when lulure economic benefits are probable, and the cost or value ol the asset can be measured reliably. Intangible assets are initially recognised al Cost. Aller recognition, und&r the cost model, intangible assets are rneasured at cost less any accumulated amortisalion and any accurnulaled impairment losses. Afflortisalion is provided on intangible assets al rates calculated lo write oll the cost ol each asset on a straighl-line basis over ils expected useful life. Amortisalion is provided on the following basis: Intangible assets 25 /. Slraighl line Page 16
AGE WELL EAST LTD IA company limiled by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Icontlnuedl 2.7 Tanglble flxed assets and depreclatlon Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value ol the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated irnpairmenl losses. All costs incurred lo bring a tangible fixed asset into its intended Working condition shoLJld be included in the measurement of cost. Depreciation is charged so as to allocate the cost ol tangible fixed assets less their residual value ovor Iheir eslimaled useful lives, Depreciation is provided on the following basis.. Plant and machinery Fixtures and fillings Propèrty improvements 25 /. Straight line 15 /. Reducing balance Over the period ol the lease 2.8 Debtors Trade and other debtors are r&cognised al the settlement amount after any trade discount ollered. Prepayments are valued al the amount prepaid nel ol any trade discounts due. 2.9 Cash at bank and in hand Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short maturity ol three months or less from the date ol acquisition or opening ol the deposit or similar account. 2.10 Liabllltles and provlslons Liabilities are recognised when there is an obligation al the Balance sheet dale as a result ol a past event. il is probable that a Iransler ol economic benefit will be required in selllemenl, and the amount of the settlement can be eslimaled reliably, Liabilities are recognisgd al the amoLJnt that the charity anticipates it will pay to settle the debt cir the amount il has received as advanced payments for the goods or services il musl provide. Provisions are measured at the best estimate ol the amounts required to settle the obligation. Where the elfeel ol the lime value ol money is material, the provision is based on the present value ol those amounts, discounted at the pre-tax discount rale that rellecls the risks specific lo the liability. The unwinding ol the discount is recognised in the Statement ol financial activities as a finance cost. 2.11 Financial Instruments The charity only has financial assets and financial liabilities ol a kind that qualify as basic financial inslruThenls. Basic financial instruments are initially recognised al Iransaction value and subsequently measured at their sett5ernent value with the exception ol bank loans which are subsequently measured al amortised cost using the ellective interest method. Page 17
AGE WELL EAST LTD {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting polieles (contlnued) 2.12 Pension$ The charity operates a delinect contribution pension scheme and the pension charge represents the amounts payable by the charity lo the fund in respect ol the year. 2.13 Fund accounling General funds are unreslricled funds which are available lor use al the discretion ol the Trustees in furtherance ol the general objectives ol the charity and which have not been designated lor other purposes. Reslricled funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity lor particular purposes, The costs ol raising and administering such funds are charoed against the specific fund. The aim and use ol each reslricled fund is sel out in the notes lo the financial slalements. Investment income, gains and losses are allocated lo the appropriate fund. Crltical accounting estimates and areas of judgment Eslitnales and judgments are Continually evaluated and are based on historical experience and other factors, including expectations ol lulure events that are believed lo be reasonable under the circumstances. Critical accounting estimates and assLJmplions'. The Charity makes estiThates and assumptions concerning the future. The resulting accounting eslimales and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that are considered to have a significant risk ol causing a material adjustment to the carrying amounts DI assets and liabilities within the next financial year. Income from donations and legacies Unrestricted funds 2025 Total funds 2025 Tolai funds 2024 Donations Legacies 59,062 500 59,062 500 50,369 614 59,582 59.562 50,983 Total 2024 50,983 50,983 Page 18
AGE WELL EAST LTD {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities Reslricled Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Income from charitable activities Grants Income from charitable activities - Contracts Income from charitable activities - Cale 367,173 298,473 29,355 396,528 298,473 13.658 668, 723 291,780 17,409 13,658 665,646 43,013 708.659 977,912 Total 2024 95Q,265 27,64/ 977,912 Investment income Unrestricled funds 2025 Tolal funds 2025 Total funds 2024 Interest received 3,357 3.357 5,578 Total 2024 5,578 5,578 Expenditure on raising fund$ Costs of raislng voluntary Income Re$trieted tunds 2025 Total funds 2025 Tolai lunds 2024 Finance costs 301 301 404 Total 2024 404 404 Page 19
AGE WELL EAST LTD {A Company Ilmlled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on ralslng funds (continued} Olher tradlng expenses Unrestricted tunds 2025 Total funds 2025 Total lunds 2024 Cafe expenses 6,532 6,532 6,090 Tota12024 6.090 6,090 Analysis of expendituro on charitable actlvltles Summary by fund type Restrlcted Unrestrlcted funds funds 2025 2025 Total 2025 Total 2024 Support services 655,619 172,683 828,302 1, 166,895 Tota12024 1,013,364 153,531 1, 166,895 Analysls of expendlture by activities Direct costs 2025 Support costs 2025 Total funds 2025 Total funds 2024 Support serviees 535,662 292,640 828.302 1, 166,895 Total 2024 728,98i 437,9Q8 1, 166,895 Page 20
AGE WELL EAST LTD IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expendlture by activities (continued) Analysls of direct costs Dlrect activity costs 2025 Total funds 2025 Tolai funds 2024 Staff costs Depreciation Fient & premises costs Running costs Travel exp&nsoS Professional fees Subcontractors Insurance Advertising & Marketing 460,534 11,569 17,102 15,396 10,726 4,527 6,084 9,007 717 460,534 11,569 17,102 15,396 10,726 4,527 6,084 9,007 717 566,352 14,643 25,494 22, 765 16,836 7,28? 62,290 9,816 3,504 535,662 535,662 728,987 Total 2024 728,987 728,98i Analysis of support costs Support activity costs 2025 Total funds 2025 Tolai funds 2024 Stall costs Depreciation and loss on disposal ol assets Travel expenses Office costs and IT Training and HR Costs Governance costs 187,470 15,950 187,470 15,950 327,567 7,524 189 53,019 33,759 2,442 53,019 33,759 2,442 63,593 31,690 7,345 292,640 292.640 437,908 Tot212024 437,908 437.908 Page 21
AGE WELL EAST LTD (A company limited by guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. Independent examiner's remuneratlon 2025 2024 Fees payable to the charity's independent examiner lor the independent examination of the ¢hariVs annual accoun15 Fees payable to the charity's auditor for the audit ol the charity's annual accounts 1,900 4,500 Fees payable to the charity's independ&nl examiner in respect ol.. All other services not included above 750 750 Staff costs 2025 2024 Wages and salaries Social security costs Contribution to defined contribution pension schemes 591,094 39,725 17,185 872,688 57,540 23,691 648.004 893,919 Included within the above are conlraclual redundancy paymenls lolalling under £5,000 made during the year. The average number ol persons employed by the charity during the year was as follows.. 2025 No. 2024 No. Employees 40 The nuTnber ol employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. 2025 No. 2024 In the band £60,001 £70,000 The key management personnel of the charity corr7prise the Iruslees and the senior management team. The amount ol etnployee benefits (including employer pension conlribulionsl received by key management personnel lor their services lo the charity were £166,98312024-. £261,581). Page 22
AGE WELL EAST LTD IA company Ilmiled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Trusloes. remuneratlon and expen$es During the year, no Trustees received any remLJneration or other benelils (2024- £NIL). During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL). 13. Intanglble assets Intangible Assels Cost Al 1 April 2024 5,808 At 31 March 2025 5.808 Amortisation At 1 April 2024 Charge lor the year 323 1,936 Al 31 March 2D25 2,259 Net book value Al 31 March 2025 3,549 Al 31 March 2024 5,485 Page 23
AGE WELL EAST LTD {A company limilod by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Tangible fixed assets Improvement s to property Plant and Flxtures and machinery fitting5 Total Cost or valuation Al 1 April 2024 Disposals 38,799 {38,799} 91,380 141,037) 9.528 18.4381 139,707 188.274} At 31 March 2025 50,343 1,090 51.433 Deprecialion AI 1 ApTiI 2024 Charge lor the year On disposals 27,780 3,771 {31,551) 71,938 9,633 135,992) 7.292 62 107.010 13.466 174,1561 16,6131 Al 31 March 2025 45,579 741 46.320 Net book value At 31 March 2025 4,764 349 5,113 Al 31 March 2024 11,019 19,442 2,235 32,691 15. Debtors 2025 2024 Due wlthln one year Trade debtors Other debtors Prepayments and accrued income 34,359 518 23,939 24,315 818 33,099 58,816 58,232 Page 24
AGE WELL EAST LTD {A company Ilmlled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Creditors.. Amounts falllng due within one year 2025 2024 Trade creditors Other creditors Accruals and deferred Incoffle 6,853 15,302 122.445 14,942 22,487 107,117 144,600 144,546 2025 2024 Deferred income al 1 April 2024 Resources deferred during the year Amounts released from previous periods 99,124 118,342 {99,1241 449,655 99, 124 [449,655) 118,342 99, 124 17. Flnanclal Instruments 2025 2024 Financial assets Financial assets measured al lair value through income and expenditure 46.877 25, 133 2025 2024 Flnancial liabilities Other financial liabilities rneasured al lair value through income and exp&ndilure 22,155 37,429 Financial assets measured al lair value through income and expenditure and comprise debtors and sundry debtors. Financial liabilities measured at fair value through income and expenditure cofflprise trade creditors and other creditors. Page 25
AGE WELL EAST LTD IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Slatgment of funds Statement of funds - current year Balanca at 1 April 2024 Transfers Balance at 31 inlout March 2025 Incomè Exp•nditur& Unrestrlcted funds General Funds - all funds 100.777 105.932 {179,215) (31 27.491 Restrlcled funds Essex Wellbeing Service National Lottery Community Fund - Reaching Communities Thurrock BC Befriending Tudor Trust Garfield Weston ECF Mental Wellbeing Masonic Charitable Foundation CCC VWG ECC Carers Cornmunity Fund Sullolk & NE Essex ICB Catalyst Matchroom Jayne Hodge Foundation Rhab Digital Inclusion Alliance End ot Life Charles S French CVST Seasonal Flesiliance Braintree DC The Lesley Carter Charitable Trust 298.470 {298,473) 84.901 53,284 32,083 30.000 29.174 20,000 15,000 13.530 10.245 10.207 10,000 7,500 7.500 5,133 5,000 5,000 5,000 184.901) 153.284} 132,083) 130.000) 129.174) 120.000} 115,000) 113,530) 110.245) 110.207) 15,000) 17,500) (7.500) (5.457) 15,000) (5.000) {5.000 10,000 324 5,000 18,619 (5,000) (13.5661 Other Restricted Funds 29.825 34,878 35.149 665,646 1655,920) 44,878 Total of tunds 135,926 771,578 1835,1351 72,369 Page 26
AGE WELL EAST LTD {A company limiled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Statement ol funds Iconlinuedl Statement of funds- prlor year Salance al 31 March 2024 Balance ai l April 2023 Transfers in/oul Income Expenditure Unrestricted funds General Funds - all funds 157, 182 84,208 (159,621) 19,008 100,77? Restrided lunds CCG Partnership Essex Wellbeing Service National Lottery Community Fund - Reaching Communities Thurrtsck BC Befriending Tudor Trust 1,758 300,439 291.780 (301,318) (291, 780) 879 681 76,365 52,771 35,000 30.000 (77,046) [52, 7711 (36,6461 (30,000) 1,646 Garfield Weston Governm6nl & Local Authorities Masonic Charitable Foundation National Lottery- Jubilee Fund VCSE Data Malas Sundowning Nationwide Other Trusts and Foundations The Harebell Centenary Fund Alliance End of Life 10,768 6,847 1,000 29,455 21,667 21,480 19,008 16,913 12,405 10,000 10,000 9.239 8,750 4,994 (39,095) (28,5142 (22,480) 1, 128 (19,008) 15.921 {32,834) (12.405) (35,933) lio,oooJ (9,867) (25,651) (7,430) 52,630 26,691 952 16,901 8.557 324 CCG Frailily Other Reslricled Funds 6, 121 117,661 950,266 (1,013,770) (19,008) 35, 149 Total of funds 274,843 I,Q34,474 (1, 173,391) 135,926 Page 27
AGE WELL EAST LTD IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Statement of funds {continued) The amounts shown in the Slalement ol Funds note which are carried forward relate lo expenditure which will lake place after the y8ar-end in accordance with the terms and conditions ol the grants. The funding received is given for the various activities ol the charity. The reslricled grants are awarded lor specific purposes and therefore expended in accordance with the terms and conditions of the award and per the timeline sp8ciliod by the lunder. Funding lor the year to 31 March 2025 has been received lor the purposes as follows.. Alliance End ol Life - In collaboration with St Helena Hospice, this funding enables us to train and support a dedicated team ol qualified volunteers lo provide end-ol life support as Compassionate Companions, lor indiviotuals who had no one to support them al their end-ol life. Tudor Trust - this three year grant has helped us further develop our Emotional Support S8Nic&s and provide a range ol services lo people during emotionally challenging times. Including End ol life sUPPOrt, one lo one bereavement support and group bereavement support. We have made an immediate, practical, and long-lasling positive impact on the lives ol those who need our support. Fleducing pressure on acute services through concentrated, targeted emotional support. Essex Well Being Contract - this is a 5 year contract to offer community friendship services to anyone in Essex who is over 18, with the aim lo end lonelinass. They provide one to one volunteer friendship (Belriendingl, pen friending and access lo social groups and activities lo empower people lo live well. Thurrock BC Befriending - this grant enables Age Well East to Offer a befriending service lo Thurrock Borough residents who are lonely and possibly sullering isolation from the community. SLJPPOrt includes lace to lace visits in the home, community companions and weekly le5ephone ¢alls. National Lottery Community Fund Reaching Communities This grant supports our advice service lo help remove financial burd&ns lor people and avert de¢lining physical and mental health. It provides the means to maintain independence and prevent lonoer-lerm and mor8 acute decline through timely advice and accurate Completion ol lengthy complex forms lor incomelheallh related enlillemenls. We aim lo empower peop5e towards increased levels ol sell-managing their circumstances, through coaching with digital-lorms and processes, through lo accessing the things which enable people to sustain independent living, such as home help and funding available lo pay for it. Masonic Charitable Foundation This grant enables Age Well East to oller holistic advice and welfare support to those aged 60+ who are socially disadvantaged andlor living with long term health conditions and disbi1ilies, experiencing hardships that Dbstrucl social connection and community engagem&nt. Garfield Weston Foundation - this grant is lo support the Central team salary costs lor our core support services, fundraising and lo grow and improve the IT inlraslruclure and digital communications. Essex Community Foundation supported a one year poilel lor a Mental Wellbeing Navigator, Through this fund we were able to brin9 increased locus lo the needs ol people living with mental wellbeing dillicullies. Navigating them towards services and activities appropriate to the clients needs. This need was identified through the activities ol Ihe friendship service. Colchesler City Council Voluntary Welfare Grant supported our Community groups, Community companions and Community Hub. Strengthing our corllmunities to reduce isolation and improve wellbeing. Page 28
AGE WELL EAST LTD {A company limlted by guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Statemenl of funds Icontlnued) Covering NE Essex The Carers Community Fund project supports carers lo access Socal acliviles, education. peer support and provides vital information early on in their role as a carer. The Jayne Hodge Foundation and Malchroom support OLJr advice service. Phab Digital Inclusion supported our digital project. CSVT Seasonal Resiliance and Braintree DC support our advice service. Governments and Local Authorities Various smaller grants were received from the Government and Local Authorities lo support the dèlivery ol our core services. Trusts and Foundations Various smaller grants were received from other charilablo foundations to support the delivery ol our core services, supporting essential services Colchester and supporting specific groups and service provisions. Summary of funds Summary of funds- current yoar Balane• at 1 April 2024 Transfors Balance at 31 inloul March 2025 Income Expenditurg General funds Reslricled funds 100,777 35.149 105.932 665,646 1179,2151 1655,9201 131 27.491 44,878 135,926 T71,578 835,1351 72.369 Summary of funds- prior year Balance al 31 March 2024 Balance al l April 2023 Transfers In/oul Income Expenditure General funds Reslricled funds 157, 182 117,661 84,208 950,266 (159,621) (7,013,770) 19,008 (19,008J 100, 777 35, 149 274,843 1,034,474 (1, 173,391) 135,926 Page 29
AGE WELL EAST LTD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 20. Analysis of not assets between funds Analysls of net a$$ets between funds - current year Restrlcted Unrestrlcted funds funds 2025 2025 Tot81 funds 2025 Tangible fixed assets Intangible fixed assets Current assets Creditors due within one year 2,917 2,196 3,549 67.222 145,4761 5.113 3.549 208,307 {144.6001 141,085 199,1241 Total 44,878 27.491 72.369 Analy818 of net assets between funds - prior year Restricteo Unreslricl80 funds funds 2024 2024 Total luncls 2024 Tangible fixed asset Intangible fixed assets Current assets Creditors due within tsne year 12, 76/ 19,930 5,485 115,514 (40, 152) 32,69/ 5,485 242,290 (144,546) 126, 776 (104,394) Total 35, 149 100,777 135,926 Page 30
AGE WELL EAST LTD (A company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21. Reconclllatlon of nel movgment in fund$ to net cash flow from operating aclivilie$ 2025 2024 Net expenditure lor the year las per Statement of Financial Aclivitiesl (63,557) (138,916) Adjustments lor: Depreciation charges Amortisation ¢harges Interest received Loss Dn the sale of fixed assets Decreasellincreasel in debtors Increaselldecreasel in ¢redilors 13,466 1,936 {3,35n 12,118 {584) 54 21,844 323 (5,578) 10,352 (375,580) Not cash used in operatlng actlvltles {39,924) (487,555) Analysls of cash and cash 9quivalents 2025 2024 Cash in hand 149,491 184,058 Total cash and cash equivalents 149.491 184,058 23. Analysls ol changes in net dobt At 1 April 2024 Cash flows At 31 March 2025 Cash at bank and in hand 184,058 134,5671 149,491 184,058 {34,5671 149.491 Page 31
AGE WELL EAST LTD IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 24. Penslon commltments The charitable company operates a defined contribution pension scheme. The assets ol the scheme are held separately Irorll those ol the charitable company in an independently administered fund. The pension cost charge represenls contributions payable by the charitable company to the fund and arnounted to £17,185 12024.. £23,691), ol which al the year end there were no oulslanding liabilities 12024= £3,559) included in creditors. 25. Operatlng lease commltments Al 31 March 2025 the charity had commitments to make future minimum lease payments under non- cancellable operating leases as follows.. 2025 2024 Not later than 1 year 6,000 26. Members. liability Each member ol the charitable ¢ompany undertakes lo Contribute lo the assets ol the company in the event ol it being wound up while they are a member, or within one year after they cease to be a member, such amount as may be required, not exceeding £1 lor the debts and liabilities contracted before they cease lo be a member. 27. Related party transactions The charity leased its previous premises al 63 North Hill from a Iruslee. The rent paid in the year was £7,00012024.' £12,000). This lease ended during the year, and the charity has since moved out. Page 32