Age UK Dorchester {A Charltablg Company Llmited by Guaranto01 Annual Report and Flnancial Statements For the Year Ended 30 March 2025 C¢mpany Numbor: 07614504 Charlty Register•d In England and Wales Number: 1142519 DARKIN MILLER LIMITED CHARTERED ACCOUNTANTS 24E DEVEREL ROAD CHARLfoN DOWN DORCHESTER DORSET Age UK Dorchester Financial Statements for the Yoar Ended 30 March 2025 Contents PAGE Reference and Administrative Details Trust99$' Report 2-11 Independent Examiners, Report lo Trustees and Mgmb9rs 12 Statement of Financial Activitses 13 Balance Sheet 14 statement of Cash Flows 15 Notgs lo th8 Financial Statemenls 16-25 Age UK Dorchester Financlal Statements for the Yoar Ended 30 March 2025 Reference and Admlnstrative Details Tru$to•s and Olrectors Mr S Cllfford Mr M Smith Mrs J House Mr R Maughan Ms H Palmer Miss A Clapp Chlaf Executlve and Company Secretary Mrs T Lewis Prln¢lpal Offlc8 and Reglst•r¢d Offlc•' Units 1&2 5 Crown Square Poundbury Dorset DT1 3EN Charlty Tradlng Namg Age UK North, South. and West DoTsel Extarnal Examlners Darkln Millèr Limited 24e Dgverèl Road Charlton Down Dorche5ter Dorset DT2 9UD Banker$ CAF Bank Llmil&1 25 Kings Hill Avenue Klngs Hill Wesl Malllng Kent ME19 4JQ Page 1 Agè UK Dor¢h¥$t•r Trustees, Annual Report and Financial Statements For the Year Ended 30 March 2025 Tha Trustees, who also serve as Directors under company law. are ploased to present their Annual Report and Me examined Financial Statements for the year ended 30 Mar¢h 2025. These have been prepared in accordance wrth the requirements of the Charities Act 2011. the Companies Act 2006, and the Statement of Recommended Practice ISORP)- Accounting and Reporting by Charibes IFRS 1021, effective since January 2015. This report provides a transparent overview of Age UK Dorchesterfs activ(ties. achlevements. finanThal perfomiance, and govemance during the year, reflecting the chanty'8 ￿MMitment to accountsbility and public benefit. STRUCTURE. GOVERNANCE AND MANAGEMENT G¢v¢rnlng Documènt and Constitutlon Ag6 UK Dorchester Ltd is a registered charity, charity number 1142519, and a company limited ty guarantee, company number 07614504. The charws regi51eTe(l tsff￿e 1$ Units 1&2, 5 Crown Square, Poundbury. Dorsel, DT1 3EN. The maximum liability of each member is limited to £1. At 30 March 2025, the company had six members, all ofvhom also served as the chantys Trustee Directors. The followng in¢Jfviduals served as Trustees during the financial year and slnc8 year end.. Mr S Clifford IChaÉrl'. Mr M Smith Ivice Chairl,. Mrs J House., Mr R Maughan., Ms H Palmar.. Miss A Clapp., Dr D Evans (resigned January 2025)., and Mr S Gibbons Iresigned 20241- A98 UK Dorchester 1$ governad by its Memorandum and Articles of As50¢ialion. Age UK Dorchester was incorporated as a Company limited by guarantee on 26 April 2011. Recruliment and Appolntment of Tru$t•&8 The Trustees. who also sgrve as Dlmtors ol the company for the purposes of company law. are responsible for the overall govtsrn8n¢e and Strate9￿ direction of Age UK Dorchesler. In accordance vmth the charity's Articles of Association, the Truslee Board mu8t consist of at least three members. Trustees are normally appointed for a Ihree-year term and may offer themselves for re- election al the end of that period. The Board may also appolnl members to fill casual vacancies or lo expand ils membership when additional skills ￿ experience are required. All oppointments are made in line Iwth the c*arity's 90veTnance policies and are suty'ect lo Board approval. No extemal organisatKTrn OT individual has the rfghl to appolnt Trustees, ensuring that the Board ￿MaInS independent. transparent. and accountable in all its decislons. The following peopte were Trustees of the charity during the pèriod and since the period end.. Mr S Clifford Mr M Smith Mrs J House Mr R M8ughan Ms H Palmer Miss A Clapp Dr D Evans Mr S Gibbons (Chairl Appointed Sept 2023- serving al year ond (Vice Chairl Appolnt8d S8Pt 2024- serving al year end Appointed Ocl 2019- serying al y8ar ènd Appointed Sept 2023 - serving al year end Appointed Sept 2023- serving al year end Appointed Sept 2023- serving at year end Appointed Sept 2023, Resigned January 2025 Resigned April 2024 Page 2 Ago UK Dorchester Trustees, Annual Report and Financial Statemerrts For tha Year Ended 30 March 2025 Inductlon of Trustee5 Newly 8pp(inted Trustees are provmled with an induction to Age UK Dorcheslgr and are mentored by established Trustees as necessary. Responsibility for strategy. corporate policy. govemance, and performan¢o review rests wllh Aga UK Dorcheslerfs Board of Trustees, vtho also act as the Directors of the company. The Trustees meet fom)ally every two months and maintain oversight bgtwegn meetings through regular reports and updates from the Chief Executive Officer. Doy-to.day marwemenl an¢J the Implementatlon of strategic objectives are delegated to the Chlef Execufjve Officer, supported by 8 ¢Jedi¢aled team of staff and around 150 volunteers. This structure ensures that operational decisions are made efficienlty while maintsin5ng Clear lines of accountability and strong govemance overslght. Together, the team work8 10 ensure that seThices ¢onllnu¢ lo meet the evolving needs of older people across North. South, and West Dorsel. The Chief ExecutNe Officer is the chantys sole key management personnel and is responsible for the operational leadership and delivery of Age UK Dorchesterfs stratw'c objecb"ves. The Board of Trustees r8vi8ws remuneration leve15 for this post periodicalty, bgnchmarf(ing them against comparable local charities and Age UK partners of a similar scale and complexity. In doing so, tho Board seeks to ensure that the salary remains tsir, compelilive. and reflective of the role's 8COP8 and responsibility, vthile also being balanced carefully against the chartys income and affordability considerations. In-year adjustments are limited lo cost-of-living increases consistent ￿th those applied to the wider staff group. This approach reflects Age UK Dorchester's commitment lo responsi￿• stewdrdship, transparency, and equity across the organisalion. Age UK Dorch8ster owns 40% of a trading subsldlary Iwith Age UK Boumemouth and Age Concem North Dorset group) Age Concern in Dorsel Ltd. This trading company was domiant during 2024r2S. Age UK Dorchesler also owns 500A {wilh A9a UK Boumemoulh. Poole and East Dorsell of a second tradlng subsidiary, Age UK Dorset Enterprises Ltd. which was incorporated as a private limited company on 10 March 2016. This company won thè commissiongd sèNic8 foi Cognitive Stimulation Therapy and the conlra¢t commenced on the 1 st April 2021 for 3 y8ars wlh 8n optK)n to extend for up to an additional period of 2 years. During the IlnancAal year the contract was 8xt8nded lo 31103126. Rl$k Manag•ment The major risks lo whl¢h ¢harity is exposed have been identified and reviewed by the Irust88s. and procedures established to manage these risks. Risk management procedures are set out in inlemal policy and pro¢edur8 documentation. The charity maintains appropriate levels of Insurance. and routinely reviews ils financial health In ordgr lo onsure the on-going provision of (Is charitable objeetlves. Invèstmènt Managamont The charity invested £250,000 In a COIF investsnenl fund in 2018119. purchasing 1592.41 accumulation units. 11 disposed of part of ils investment in each of the last three financlal years. At 30103125, it held 64.83 units. Page 3 Ay UK Dor¢h¢stor Trustees, Annual Report and Financial Statements For the Year Ended 30 March 2025 OBJECTIVES AND ACTIVITIE8 Statem•nt of Purpose The purpose of Age UK Oor¢haster. as established in the Memorandum of Association, is to Promote tho following obj8ctN8s for the benefit of older peoplg and the broader public in Dorsel and surroundi arèas.. . Alleviats'ng poverty among older people and 9UPPOrting economic vRlkbeing. Advanang education and lifelong learning opportunrties Promth"ng physical, mental, and emotional heaAh and supporting older people in maintsining overall well-being Encouraging equalty and drversty in all aspects of lrfe for older indmduals Upholding the human rights of older people in accordonct the Universal Dedaratbon of Human Rights, Prowding 8$8i$tsnce to older peO￿e facing challenges due to health issueB. diSa￿lty, finanaal hardship. so¢ial exclusion, or other disadvantages, and supporb.ng other charitable adivities that benefrt older people, as delemiined by the Trustees. Collectivety, these objectives guide Age UK Dorcheslerfs mission to enhance the wylkbeing, indu8ion, and quality of lffe of older [￿pIe in the communlty. Summary of Charltable Actlvlti Throughout the yoar. Ag8 UK Dorchester delivered a wide-ranging programme of s&rvices aligned with these objectives. Activi￿e$ werg shaped by evidence of rxjmrnunity need, with an emphasis on inclusion, independence. and empowgmient. The breadth and depth of these are sel out in the'Achievemenl$ and Perfomiance. section of this report, illuslrating how our work ¢onlinu•s to make a tangible differerice in thè lives of older people across North, South, and Wesl Dorsot. Publlc Benellt The Trustees ¢onfim that they have had due regard lo the Charity Commission's guidance on putAic benefit vknen planning and reviewng the ¢harity's activities throughoui the year. JI ol Age UK Dorche$terf$ I￿*rk is directed toward8 improving the lives of older people acros$ North, South, and Wesl Dorsat. Our sarvices are open lo all older residents. wilh priorty given to those experiencAng isolation, finan¢S8l hardshty, OT declining heaAh. During the year, the charity continu8d to provide accessible information and advice, practical home support. befriending, wellbeing aclivibes, and spacialist programme5 such as dementia support and cognlllve stlmulation therapy. These servicgs help oldar paople to live independently, Stay ¢onn8cted to their communlttes, and maintain dignity and quality of lrfe. The Trustèos are satisfi•¢J that these activities dearty demonstrate public benefft by meeb'ng the chan￿5 objectives, responding to local need. and womoting inclusion. heamh. and we11-￿ing Within the community. Page 4 Age UK Dor¢hest8r Tnbstees, Annual Report and Financial Statements For the Year Ended 30 March 2025 Age UK Dor¢h•st•r has th• followlng vlslon and objectlves: Vision Age UK Dorcheslels Msion is that North, South, and West Dorset wll be a place where older people are valued. supported, and able lo live with dignity. independence, and choice. We aspire lo a community in which all service provlders. slatulory agencies, and partners are Tecognised as helpful. caring, and responsive, working tojelher to make later life a poslllve and lulfilllng experience for everyone. Alm To achigve ils vision, Age UK Dorchester seeks to.. Idenlfy, support, and advocate for older people aGross North. South, and Wesl Dorset vtho are in need due to ill health, disability, financial hardship, s￿1810x¢1usIOn. or other disadvantage. Build and sustain an organi$alion that is influential, trusted, and effectNe, enabling older people to remain independent. active, and fulfilled in lat8r life. Promote social connection by developing a financially gustainable organi$alion supported through diverse and elhical funding streams. Enhance wEllbeing and collaboration by acting as a strategic partner lo Statut￿Y, non-statutory, and voluntsry sgdor organisations that affect the lives of older people in our community. Support independent living and ensure that the voices of oldw peoF4e across Dmel gre both heaid and actad upon, individually and collectively. The ¢harity's legal purpose, as set out in ils goveming document, 18.to promote the relief of older people in any manner *thi¢h 1$ deemed by law to be charitable.. In deliverlng this Purpose, the Trustees identify the most significant Issues affgdng the Well￿81r0 of 08r people and develop services that respond directly to those needs. The constf(ulion Pfovides the Trustees ￿th the fleKiblllty to undertake any lawful activities that further these charitable aims, ensuring that the charity remains responsfve to changing circumstances and community priorities. Pow¢rn and Mothod$ of DolEv8ry To achleve its charitable PLtrposes, Age UK Dorche5ter is empowered untjgr Ils const￿U￿On lo.. Encourage. promote, and organise direct services that respond lo the needs of individual dder people and community groups", Collaborale and cfTropeT¥te wth other charities, voluntary organisations. and gtatutw bodl•8 to advance shared oblecllves; Promote and cary out research to improve understanding of the issve8 facing older people- and Arrang• and provide meeb'ngs, lectures, classes. and training that support educab"on, Indu8ion, and wellbeing. These powers enable the charity to deliver a wide range of servS¢es effectively. ensuring that activities remain aligned wth its charitable objectives and responsive to community needs. Ser¥l¢w Pr￿dId To fulfil its charitable aims, Age UK Dorchesler delivers a broad range of servicès d8sign8d to improve wellbeing, independence, and safety lor older people across North, South, and Wesl Dorsel. These incSude'. Welfare benefits advice and support, helping older people ma￿MIse their income and access financial 8ntillements. Infomialion and advocacy, prowding guidance on i￿u?￿ such as care. hou¥ing. and rights. and SlgnpostiThJ to specialist services. Physical and mental heatth suppjrt offerlng tyoup and indiwdu81 acb'wties that promote ¥￿Ilbe1n9, resilience, and soclal connectlon. Page 5 Age UK Dorchester Trustees. Annual Report and Financial statem￿18 For the Year Endèd 30 March 2025 Home support seNce5, assisting older people to live safely and indèpendenUy in their ovm home8 Home safety and wdlbein9 checks- delivered through our Older & Safer initiative. offering practical advice on scams and fraud prevention. home adaptalion5, and pgrstsnal safèty. Non-surgical footcare ¢linic8, supporting molx'lity, health. and wellbein9 through accessible lo￿1 services. Demenba support- prowding infomation, guidan¢e, and social OppNiun￿.È8 for people living v d&m8ntia and their carers. Cognib've Stimulation Therapy ICST}- delivered in partnership vith Age UK Boumemouth. Poole and E851 Dorsel, supporting cognitive health and wellbeing. Digital incly5i0n and scams awareness training, Supporting older people lo gain confidence online, stay connected with family and services, and protect Ihemsglv@s from fraud and digital exploilalion. Befriending and social inclusion, reducing loneliness and encouraging engagement through Or￿￿t￿one and group-based activities. Handyperson $erv¢ce- helping V•ilh small household tasks, repairs, ond home safety improvements. Togathar. these services promote independ8n¢g. inclusion. safety, and dtgnity for older people, onsuring that Age UK Dorchesler remains a trusted and responsive community partner. Further details of outcomes and impacl are pre￿nted in the 'Achievements and Performance. section of this reporL Future Alms and ObJectlv•$ Building on a yeaT of consolldation and renewal. Age UK Dorcheslor is now focusgd on strengthening its long-term sustainability and expanding ils impact within the local communty. During the past year, the charity implemented a more efficient and flexible operating model. This has allowed us to reduce core costs while maintaining high-quallty seryice delivery. We continue lo tak8 8 volunleer-led approach, supported by a committed team of skilled staff who ensLbre that our work remains professional. safe. and affective. Looklng ahead. our strategic priorities for the Coming year include.. Enhancing fjnancial re$ilience- by diver8ty.ng income streams, exponding lundraising cgpaaty. and nurturing our legacy and grant pipeline to ensure long-lemi stability. . Strengthening community partner$hip5. working collaboratively statijtory agencies, voluntary partners. and lo(*l stakeholders to ¢o-design services that reflect the ovolvirKJ n8ads ol older people. Prioritising prevents.on and education, continuing lo develop proactive seN¢e$ that reduce isolation, promote wellbeing, and prevent crisis. such as digllal inclusion training, scams awaronoss. and home safèty p¥ogrammes. . Empov•tring volunteers- growng OLbr volunteer netsKJrk through 8trudurod troining and 8UPF4Nt. ensuring ihat their skills and experfence enhance the Teach and quality of our services. . Maintaining excellence in govemance and impact measurement, embedding robust syslemy lo evaluate outcomgs. gvidèncè value lor money, and inform slralegie decision-makin9. Through this approach, Age UK Dorchestgr wlll ¢ontinue to deliver services that are responsiv8. in¢lusivè, and sustainable, while reinforcing Its repulatlon as a trusted local charity dedicated to improving later lifa aeross Dorset. Page 6 Age UK Dorchester Trustees. Annual Report and Finanrial Ststements For the Year Ended 30 March 2025 ACHIEVEMENTS AND PERFORPIIANCE Achlov•monts and Perfomi•nce (Financial Yoar 202k25) During 202ts25, Age UK Dorchester delivered an extensive programme of 3ervice5 that made a tangible diffÈreneè to the Iwes ()f older people across North, South, and Wesl Oorsel. Desprte economic pressures and structural change, the organisalion maintained stability. quality, and impact, raflacting both strong governance and sound operational leadership. Key achievements during 202ts25 included.. Information and Advice.. Our team responded lo thousands of enquirtes, secuiing the eqLuvalent of £1.64 million in annualised weware benefits for ohler people across Dorset. This income has improved finanoal security for hundreds of househokls. suppotlng older people lo remaln Independent and resiliont amid cosl-of-livlng challenges. . Home Support.. The seNce contr'nued to proviije vital, day-ttrday a88i81ance that enatAed older people to l(vg safely and comfortably in their own homes, offering practical help, reassurance, and continuty of car8. . Dementia Support and cogn￿ve Sb'mulation.. Dementia remain5 a core focus of Age UK Dorchester's work. Regular weekly groups were held across our area, providing recognised non-pharmaceutS¢al NHS- endorsed therapies and opportunities for meaningful soclal engagement. Aongside these sesslons, our dedicated Cognitive Slimulation Therapy ICSTI programmo and peer-lod carer support groups offered ongoing guidance, respite, and shared leaming for familres affected by dementia. These services togglher promolg dignity, reduce isolatk>n, and help both individuals and carers lo rnanage the challenges of living well with d8mentia. . Footcare Service.. The charity successfully relaunched 118 non-surgical foot¢are clinics. This ha8 restored a valued local setvice that promotes mobllty, wgllbeing. and ¢ommunty wnnection, plans to grow this servi¢e and support more older people in more geograph￿81 areas. . Older & Safer Initiab've.. Delivergd in patherahip wth Dorsel OPCC, the projeca prowded approximately 1.100 wgW8r8 calls, ￿ home safety vislts. and 30 dvJilal awareness sessions, benefiting around 800 older residents. This initiative strenglhtrned community Safety and digrtal resilience, helping older people feel confident, secure, and connected. . Volunteer and Communty Support.. Around 150 volunteers contributed over 12,000 hours of time across Age UK Dorchesterfs senrices. Volunteer8 played a Central role in providing community-based support through friendly visitin9. befriending calls. welfare checks, and group fa¢ilitalion. Their dedication has strengthened communlty Ilnks. reduced iso181ion, and ensured that older people continue to receive personal, compassionate contsct across the area. Social Inclusion, Wellbeing, and Exercise.. Through befriending, group activrties, gentle exercise classtrs, and outreach events, the charity delivered around 2,000 hours of structured social contact and wellbeing engagement. These sessions helped to improve physical health. reduce loneliness. and promote mental wellbeing among older people in Dorsel. Together, these OLrtcomes demonstrate Age UK Dorcheslerfs ongoing commitment to impact. quality, and transparency. Trustees and management have worked closely lo slrengEhen sustainability, ènhance volunteer capacity, and safeguard service continuity. The Board recognises the dedication and professionalism of staff and volunteers whose compassion and skill have ensured that Age UK Dorchester remains a tru$led, viwble, and resifient local chanty. delivering real and lasting benefits lo older poople throughout the community. The year 2024-25 represented a period of purp08eful transition and consolidation for Age UK Dorchesler. Vvhile financial pressu￿$ were fell across the voluntary sector, the charity maintained its commitment to quality. innovation. and community leadership. Guided by stron9 goveman¢e and clear strategy, we focused on rebuilding for the future slrenglhening our core services, expanding partnerships, and posilioning the organisalion for sustainable growth. Page 7 Ag¢ UK Dorchastsr Trustees, Annual Report and Financial Statemefrts For the Year End&1 30 March 2025 Llstenln& le•rnln& and Respondln8 to Need Every aspect of seNice development has been Infomiad by the voices of local oldèr people and their cargls. Through consultation, feedback, and direct engagement. we have shapgd our service priorities to ensure th81 what wè deliver rèflects what our community truly needs and values. Thls approach reinforces our creilibility as a r8sponsive and evidence4ed charity. Dementla and Carer Support Age UK Dorchester continues lo be recognisèd as a k)cal leader in dements'a Ca￿ and support. Buildlng on our Co9nitive Stimulation Therapy programme and rggular eommunty demenlia groups, we are developing an anhanced netrlork of peer-led carer groups and drop-in sessions. This approach strengthens our commitment to the *thole familf model, 5UPPOrting both those living wth dementia and the people who care for them. Thesè developments demonstrate bolh compassion and forward thinking In an araa of increasing communty dernand. Footcaie and Pre¥ent•tlve Health The successful re-launch of our non-surgical footcare service has restored a valueil. Income-ggnerating provision that also supports health and independence. The next phase wi11 fo¢us on upgradlng facilltles. expanding clinic feach, and integrating wèllbeing and falls-prevention advice. This reflects our broader strategy of embedding prevention and earfy intervention within every service. Growln8 Reach •nd Rebulldln8 Income In an Incroasingly challenging funding environment. Age UK Dor¢hèstar has prioribsed rebuilding finanaal rgsillencg through service dNersfficalion, new grant opportunf¢les. and community fundraising. These actions fom part of a doliberate slrategy to balance short-lerm tsperational prg$surès with long- term sustainability. Our goal 15 to grow both our reach and our income by demonstrating dear imp8cL strono partnerships, and responsible stewardship. Future SeNlces and Innovatlon Looking forward, the charlty ￿11 explora opportunities for community-based day services and enh8ncgd social activity programmes, designed lo reducg lonèllness and imprc*ve wellbeiThJ. These bwll be developed through a process of co-design ensuring th81 older people remain al the centre of service plannlng and delivery. FINANCIAL REVIEW Despite a challeThJing exlemal environmont and the planned clos¥Jre of certain incom￿eneratIng seryices, Age UK Dorchester remained financially resilient through￿1 202￿25. The Charity continued to demonstrate prudent mana9ement, transparent reporting, and strong goveman¢8. ensuring that resources were used ef1￿11¥01Y to sustain cole services and build the foundation for future growth. Page 8 Ag• UK Dorehèstor Trustees, Annual Report and Financial Stalemenls For the Year Ended 30 March 2025 Flnanclal Posltlon Total income for the year amounted to £488,62212024.. £654,643), ol which £306.997 ￿lated lo restricted activilies12024.' £378,935). While this reduction reflects the conclusion of several short-tem funding streams, the organisallon successfully prlorilised continuity of essential services and investment Sn strategic development areas. including demèntK8 and carer support. There was also a realised loss of £57 and an unrealised loss on an investment of £331 (2024.. realised gain of £1376 and unrealised gain of £17875). An expected operational defirAt of £231,13912024.. £130,339) was recorded, refiecting a transilKJnal year of sèrvica consolidation and r&investment. Expenditure was managed closely throughout the period, and the charty remains f￿u$&d on restoring balanced budgets over the medium term. The operational outcome reflects responsible decision-makin9 and investmgnl in $grvi¢e rede$ign that wll support long- tgrn1 financial susiainability. UnTestricted reseNes sland at £424,545 {2024.' £558,558), with restricte(I reserves of £16.40012024.' £113,525). The Board continues lo monitor the ratio of unrestricted lo reslricled funds, maintaining a level of reserves that safeguards stability while allowing flexibility for reinvestrnenl in service Llelivery. The charity maintsins a cash balance of £79,791 12024.. £115,454), and ha$ nel current asset$ of £29,09312024'. £110,071). In addf(ion, the charty has a COIF investment account valued at £16,335 12024.. £164,723). Total net assets are £440,94412024.. £672,083}. The change in investment balance r8fle¢ts the phased drawdown of legacy reserves to support opeTalional continuity during the year. R•tsNos Poll¢y The Tnjgtees, approvet&n an audit of its ar￿untS ft)r the y8ar in qu8stion in arAX)rdan(% with sedion 476 of the Companies Act 2006. The direclor5 ackrowledge their responsibility for ¢)ynply7ng with the requirements of the Aclwlh reSp￿t to awrAJnting re(x)rd5 and ft>r the pr8pardtion of the ac(x)unt5. These acLounts have been prepared in accordance ￿th the provisk)ns appllcable to companies subject to the small mpanies. rggirne. >proved bythe St￿ for issuè on 26 November 2025 an thwr bèham by.. Simon Clrfford chairman of Truste&s Matt Smith Vice Chairrnan 14 Ago UK Dorchester Statement of Cash Flows For the Year Ended 30 March 2025 2025 2024 Cash flow from operatlng actlvltles Nel movement In funds for the pgriod 1232,123) 1130.3391 Adlustments to cash flows from non-cash f(em8 Depreciation and amortisalk)n unrealised10ssllgainl on investmenl Realised lossllgainl on investment Flnance income 7.389 57 331 12161 1,773 117,8751 11.3751 12541 1224.5621 1148,0701 Working capital adjustrnenls 0g¢rèasey lincreasel in debtors Increasel Idecreasèl in creditors 25,677 20.622 6.514 {3821 Nat cash usgd in operating activities 1178.2631 1141,9381 Cash flow$ from Invostlng actlvltlos Interest from investments Purchase of investments 216 254 N81 cash provlded by Inv8$ting activits8S 216 254 C8plt41 ￿pendItUre Payment to acquire tangible fixed assets Rgceipls from the sale of investments 15,6161 148,000 18.9591 100.000 Change in cash 8nd cash equlvalents in thè perfod 135,663} 150,6431 Cash an(1 cash equivalents at the beginnirrtJ of the peri￿J 115,454 166.097 Cash and c¥$h equlvalènts at thè and of the porlod 79.791 15 Age UK Dorchester Notes to the Financial Statements For the Year Ended 30 March 2025 1 Accountlng Pollcles 1.1 Gonoral infomwtion and ba$1$ of accountlng Age UK Dor¢hester Is a company limited by guarantee incorporated in the United Kingdorn underthe Companies A¢t. The m8￿muM liability of each rn8rnb8r is limited to £1. Th8 addre55 of the registered Offi￿ is given on page 1 The natsjre of thè charitys oFer8tic￿5 and its pnneipal actNits"e8 ar• set out in the Trustees report on pages 2- 10. The finanoal statements have been prepared in £ $teding on the hisloriral ¢o$t basis, with the excep*'on of Land and Bu1￿1r￿j$ (which were revalued In 20191201 and in ac¢or¢ance with Accounting and Reporting by Charities.. Statement of Recommended PrathKe applicable to charities preparing their aCc￿￿nts in accordance with the Financial Reporting Stsndard ap￿Lable in the UK and Republic of IrelaThJ IFRS 1021 leffective 1 J8nu8ry 20151- ICharEtÈs SORP IFRS 10211 and Ihe Companies Act 2006. The charity meets the definltbn of a publ1¢ benefrt entty under FRS 102. Assets liabilities are initialty r8￿gnISed at historical cost or transadtin value unless otherwise stated in the relevant accountirG ￿licY. 12 In¢omo All incorne is included in the Staternent of Financial Activities when the ¢hanty Is entitl￿ to tt)e income and the amount ran be quantifi8d with reasonable accuracy. The folowirKJ specffic pDli¢ies a￿ ap￿led ¢0 partKular ¢akgorp$ of income. tk)natbn I￿orne is received by way of donatk?n5 and gffts and is induded in lull in the Statement of FinaKral ACti￿ltIes when recav8ble. For legacies. entilement 1$ taken as the earfierof the dale on efther.. the Charity 1$ aware that prob8t8 has b8en granted, the e5tste has been finalised and notification has been rnade by the executor(sl to the Tnjst Ih818 distribution will be made, or when a distnbution is received from the estate. Receipt of legacy, in whole or in part, 15 only con$idered pratsab￿ whan the amount can be rr*a5ured reliably and the chanty has be•n nobfied of the executols intention to make a distribution. Where legaeies have been notrfied 10 the charity orthe chath is awa￿ of the granting of proba18, and the criteria for income reco9n1l￿)n have not been met, then the legacy 1$ treated as a contirvJ8nt asset di5cb5ed rf tnaterial. Income frnrn grants. rELgting to charrtabk a¢￿vRIeS a￿ Includ￿ in full In the stst￿￿t of Financlal Actiwties when receNable and in U)e pericmy w which they relate. Grants are deferred wh8n Ihe rrv)nies have been rec8ived in advarte of the period to which they relate. Where funds have not been received in a specified pericyj, these funds will be accrued in deb¢ors and re¢ogni8ed in the period to which they relate. Where grants receiv￿ have conditK>nS or reStriCt￿nS as to their use attached the income is recognised as ￿Stricted income funds. Where no such condits.ons or restrict￿￿$ existgrants recewed a￿ ￿00n1$&Y as Un￿strICted income. Income from seMrRs are amounts rec&v8d forcarrying out the charitable activth'es of th8 charity. s￿h as home care, and amounts are In¢lUd￿ in full in the Statement of Financial Actiwties when receivable. Where funds have not been received in a Specified period, they are accrued in debtor5 recogTri5ed in the period to whKh they relate. Where such incorne 15 received in advance it 15 deferred to the perrod to which il relates. Investment income is represent￿ by interest on funds hekl on deposit. It is incl￿ed in th8 St8ternent of Financi ACti￿treS when receivable and the arnount can b8 rneasured r81i8bly by the charity whKh is normally upon notificatKin of the intewl paKJ or payable by the bank. 1J Donated ser¥lco8 In accordance with the Charibes SORP IFRS 1021, unpakl general Volunteerti￿ is not rerjJgn￿èj in Ihe financial ststements. 1A Exp0ndltur• Expenditure is re￿nISed on an 8cuual¥ basis as a liaknlity is incu￿ed. Charitable expendrture comprises those £osts incurred by the charity in the ddwery ol its Chantatr￿ a¢￿'V￿leS. It includes t)oth costs that can be albcated direcuyto s￿h actmtles and costs of an irfire¢t nature necessary to support tham. Due to the nalur• ofthe thanty5 obj.eds and the $cale of its a¢bwts"e$, all ￿$ts, other Ihan th*)se di￿(￿ that ¢8n ￿ re8dity 8ttribJted to its othertradlng actthes. a￿ alh)caied to charftsble actIv￿"e$. UK Dorchester Notes to the Financial Stat8rnents Forthe Year Ended 30 March 2025 13 Operatlng leases Leases in whrh substsntially al the risks and rewards of ownership are retained by th8 lessor are classified a5 operab.ng le8$es Rents1$ p8y*Jle U￿er0￿ratlng leases are charged to the Statement of Financial Actiwties as incurred over Ihe terrn of the ￿aSe. The charity ha5 operating leases fof some of the premises frtlm which rt operates. The tide of leased premises reman5 wilh Ihe th50r. 1ffj Flxed assets Where fixed assets a￿ purchased, Iheyare stated at their purchase c¥st plus any incidentsl expenses of acquisibon. less depwiation. Where fixed assets are donal8d, they are stated al their estimat8d market value on acquisition, le55 depre¢iatKJn. Where assets have been revalued, they are valued at a Profess￿nal market valuatK)n which 15 ￿vIeWed every five years. Depreciation is charged in resp8Ct of fixed assets 15 calculated so as to write off th8 Cost of the assets. less any estimated residual value, over their expected useful e(xnotnic lives as folbws.. F￿ehOld land and buikliThJ$ Long leasehold buildir&s Leasehold irnprovemenls Office equipment CompLrter equipment 2¢A straight line (bui￿Ing$ only) 0.1Yo 5trauM line1999 year lèase) 2% 5trai9ht line 10% Stra￿h1 line 100% straight line 1.7 Investments Investments in traded ftJThS$ are stated 8¢ rnarket value as at 30 Marth 2024. Realised gains and losse5 on investments are calculaied a5 the drfferen￿ be￿een the sales PToceed$ ar¥J cost Unrealised gains ar￿ losses are calculated as the drfference bets¥een the market value at the Yeare￿ and openlng market value or purchase date rf later. as ¥Jjusted for unrealised gains or lo$$es in prevK>US years which have been eliminated on disposal. Realised and unrealtsed gains are not separated in the Ststeffent of Financial Actniilies. Investments in subsidiaryo)mpanies are s¢8tsd at cost. 1A Debtors Sundryd8btor5 arè rgcognised atthe selllement amount due and p￿paYments are at the amount pre￿. Accrued Income Ss at the amount due to the tharity atthe balance shegtdate. 1.9 Cash It bank and in hand Cash at bank and in hand includes cash and short lerm highly IKuid investments that art readily Conveiible to a krthyn armunt of cash and are Subject to an I￿S￿n￿Cant risk of chan9e in value. 1.10 Cred￿01￿ Creditors and provis￿)nS are recognised where the charity has a present oblE8tk)n resuttirg from a past event that wil probably result in the transfer of funds to a third paty and the amountdue to Se￿8 the oblig8tion can be ffleaSu￿ or ests"ma¢ett reliably. Creditors and provisrons are recogni%d at thar setllemenl arTh)unt. 1.11 P•nslon$ The charityoperates a defined contribution penslon Scheff￿ for the benefit of its employees. The scherne and ils assets are hdd by independent managers. COntnbUt￿rns a￿ recxJgnise4 in the Statement of Financial Activities in the pericmj in whKh they become payable in xcordan¢e with the njles of the s¢h8me. The charity is also part of a muhi-ernpkjyer defned l￿nerrt pensK)n 5chem8, the a558ts and lia￿litieS of which we nol separately identifiable. Any paymenis are recorded in the Staternentof Financial Actiwities in the pe￿j in which they become payable. S88 mt8 18 for the basi5 of the scheme. 1.12 Taxatlon The company is a wIste￿d chanty and Ss therefore not liab￿ to ¢OFporation tax to the extent that ts incorne and gair are applicab￿ to Charitable purposes only. VaSue P&1ded tsx is recovered Whe￿ ￿SSib￿ with any irr￿Verab amounts charged against the relevant charitsble aelNity. 17 Ag¢ UK Dorchester Notes to the F￿nancIal Ststsrnents For the Year Ended 30 March 2025 1.13 Fund xcounting General funds a￿ un￿triCted funds receNable org8wrated fortre ofthe ¢haritywthout furtr*r specified purpose and a￿ available as aeneral funds. Designated funds ar8 unreStr￿ted funds Vdrrnarked by Ihe Trustees for particular purpose5. Restricted funds a￿ to be used forspecrfic puwses as laid down bythe donor. Expenditure which meets tNs crfterion is charged to the lund, logetherwth a fair allocatK)n of management and support¢osts as appropriate. 2 Donatlons and legacles Un. rgstrlc Fund* Restrlcled T+)tal Funds Fund 202S Un. restrlctsd Fund• Restrlcied Fund Totsl Funds 2024 DonatK)ns and grfts L￿a¢￿S 32.Mg 32,569 25,089 69,594 25,089 69,594 3 Other tradlng actlvltles RMtrl¢t¢d Tol•l Fund• Fund 2025 R•strlct Fund Total Funds 2024 restricted Fynd• restricted Fund• S81es of donated goods etc. comm￿s1OnS Distribution from joint venture Fundraisiw actfv￿es Letting incom Mi8￿lIaneOuS incorr 338 16.600 338 16,600 7.776 so 10D 7.776 50 100 203 203 7.926 4 Expendlture on ralslng funds Un. restricted Fund8 R•strl¢t8d Tol*l Fund• Fund 2025 Un. restrlcted Fund• R•strfGt•d Total Fund Funds 2024 Trading costs 191 191 18 Age UK Dorch05tor Notes to the Financial Statements Fgr the Year Ended 30 March 2025 S Expendlture on charltablo actlvitles Restrfct•d Total Funds Fund 2025 Re8trfcted Fund Total Funds 2024 restrictad Fund• stri¢ted Fund• Ac¢ountan¢y and audit Dements"a Sup￿rr Dep￿Cial0Th Footcare Fundraising Goveman Handyperson Home Support Househo￿ SUp￿rt Grant Infomat&)n. advice and benerts Lonelines5 and isolation Management ExeraselFall prevenb.on Projects Reach out Welfare 8enefits Well being 1.509 1,509 45,836 7,389 17,489 31.803 1,509 1,509 54,091 1.773 45,836 54.091 7,389 17,489 31.803 45 13.779 48.562 1,773 60,124 318 17,628 142,261 66,124 318 17.628 173.132 123.496 86,305 15,178 136,847 3,490 26.446 58.039 11,244 28,362 13,779 128,415 153,398 83.279 1e,229 113,596 79,853 153,396 58,502 13,649 8,487 30.871 123.496 38,000 15,178 79,855 235 1.000 24.777 2.580 105,109 48,365 58,992 3,255 25.446 58.039 11.2H 2.04 27.493 745 18.635 15.443 4,067 1,224 31,560 1,969 18.6 54.444 39.001 26,314 315.358 719373 3fj9 040 Dementia supwrt indudes costs relatiro to NHS commissioned services for Cognthve sUp￿rt Th8fdPy, and non- commissk)ned ser¥￿eS relating to Maintenanc8 Cognitive Support Therapy. 6 Net {expenditureylncome for the perlod This ￿ staled after charging.. 2025 2024 Depreciation Accountsncy charg8S I￿ependent exarnination seTrice5 Audit services Accountancy services 7,389 1.773 400 400 1,400 1,109 7 Trust99 diro¢tors None of the trustee 4Jire¢tors lor any persons (tMe¢ted wfth them) recdved any remuneration duriThJ the pgrDd12024.' nonel and none We￿ re1m￿r$ed travelllng expenses In thelr role as tru$lees12024.' nonel. 19 Ago UK Doreht$t•r Notes to the Financial Ststements Forthe Year Ended 30 March 2025 8 Employees and employment costs 2025 2024 Wages aThJ salarfes So¢ial $e¢uritycosts penS￿n ¢o$ts 406,543 23,847 14,035 470,857 28.182 15,744 514 584 The charity operates a defined contribution penson scheme. The pension charge for the period represents contribution5 Payab￿ by the charity to th8 5chemo and amounted to £13,97612024. £15,744). ConlributK>ns tolalling £2,4%12024.. £2,2511 were PaY8b￿ to the 5Gheme at the end of the and are included in c¥editors. One individual employee was paid over £80.0￿12024. none) The key management personnel of the charity considered to be the Chief Executive Officer. The total costto Ihe charity of employ88 b8n8fits for the key management Personnel w85 £88,54112024.. £56,803). The average mnlhly headcount Inurnber ol staff ern￿oYed) during the peric¥J was. 2025 No. 2024 No. I staff 35 9 Tangiblg fixed a$$ot$ Frnohold Land and Prop•rtv Loasohold Improvev Long Flxtures. Computer Leasthold Fitting$ and Equiprnpnt Pro￿rtY Equlpmjnt Total 2025 cost As at 30 March 2024 Addit￿[V￿ forth8 year Unrealised gain on revaluation Eliminated on disp)5al As at 30 March 2025 8,958 381,127 12,124 10.054 5,818 412.263 5.616 8.958 381.127 12,124 15.670 417.879 Depreclatlon As at 30 March 2024 Charge for pemd Elirninated on diskK>Sal As at 30 March 2025 179 179 1.140 382 3,038 1.212 10,054 5,616 15,015 7.389 358 1.528 4.848 15,670 22,404 Net 8cdi Value As at 30 Mafch 2025 8,600 379,599 7.276 395,475 A8 8t 30 March 2024 8,779 379,981 8.488 397.248 20 Age UK Dorch¢ster Notes to the Finan¢lal Staternents Forthe Year En¢ecJ 30 March 2025 10 Invgstmonts 2025 2024 Age Con¢em In Dorset knmited Age UK t)orset Enterprises Limthd COIF Investment Account 40 16,335 164,723 The charity owns 40 Sha￿$ of £1 ea¢h. representing 40% of the issued Share capital in ajointventure company. Age cOn￿M in Dorset Llmiw (registered number 6640257 in England and Wales). The joint venture ￿M￿anywa$ establlshed in ￿n]UnctiOn with Age Concern Bournemoulh and Age Concem North Dorset to proV￿e services across Dorset for older people and which wa8 non-profit making. The sha￿$ We￿ transferred from Age Concern Dorchester on 1 October 2011. All s8rvices provKled byAge cOn￿M in t)orset Limited have now c8ased although the company ￿tainS sufficient funds to enable the repaymentof all the share capital originally subscril)ed In full. The charity own$ 1 share of £1, r8pr858nting 50% of the issue share capital in a joint venture company, Age UK Dor5el Enterprises Limited (registered numbET 10054906 in ErybtKI ar￿ Wales). The joint venture company was established in conjunetion with Age UK Boumemuth LSmMed to provlde seNces across fk)rset for older p8opI8. During the year, Age UK Dorset Enterprises Limited d￿Ner￿ seryices in rtlation lo Cognitive Supwrt Therapy. The lated seNre$ were d8lNered by its parent companies, and Age UK Dorthester Llmtsd's share of irmme and 0xpenditu￿ is disclosed within'Dem8ntia Support. AUKDEL owed the d)arity £792 at the year end12024.. £6,938). Thi$ balance is irKluded within sundry debtors in note 11. In 2018119 the Charity bought 15¥2.41 ac¢urnulation units of a COIF Charities Investrnent Fund. In 2022123 the Chanty sold 521.28 units. In 2023124 Ihe Charty sold a furth8r430.35 units leaving e40.78 units at 30103124. In 2024r25 the Charity sokl a further575.95 units leawry 64.83 units at 30104r25. The discfosures of hLStod¢al cost and market value are noted below.. Movement In fixed a880t Ilsted Investmvnts 2025 2024 As at 30103r24 Additsons Diswsals Net realised IIOs5ygain Net unrealised Ilossesllgains Market Value at 30103125 164.723 24S,472 1148,0001 1100,0001 1571 1,376 331 17.875 164723 HistorScal Cost as at 30103125 HISto￿al Cost as at 30103124 100,599 Investtnents at Market Vakne cornprised.. UK Propety Fund The Tnjst h81d the following mat8rial investrnents lover 5% ofthe portfolio byvalu81.' COIF Charitses Property Fund Inve3tment valuas are stated Incluslve of a￿rUed Intsrest 11 Dobtors 2026 2024 SuThJrydebtors Prepayments VAT 16,792 2,376 128 42.795 1.907 269 21 Age UK Dorchester Notes to lh8 Financial Statements For the Year Ended 30 March 2025 12 Creditors.. Amounts falling due within one year 2025 2024 Trade creditors Pens¥)n cr￿JitOr Tax and social security Accruds and Receipts in Advan 14,122 2,496 5,924 48,434 11,172 2,2S1 4,899 32,232 50,354 13 Staternent of funds In¢om• Expond. Transfer Reallsed 30103124 30103125 fund8 unreali￿￿ galn$ and losses vnrn$trf￿•d funds a General funds 508.558 180,748 1315,3581 13881 373.580 Designated funds b Building reserve so.o 60,0 Tot•1 unr•sttlct•d lund$ 180748 388 Restrlcted funds c Befrie￿Ing d Dementia Support eEDI f Househokl SuprA)rt Grant g Inforniat￿n and advice including weware benefrt5- warrn homes 9.406 66.038 3.501 32,118 19.4061 1140.9431 13.5011 1176,3981 135,S(K>l 74,905 160,680 35,500 18.400 h Managemen¢ i 0￿er safer j Proj8cts k Well beir 4,986 13,144 4,067 13,608 14,9861 115.6061 14.oe71 113.e081 101 2,402 101 Totsl r05trlctsd funds 113525 306 890 Total funds 672 083 719373 388 O ￿ 439.960 The general unrestricted fund represents Ihe unreslricted funds of the charty atthe period end. b The buildi￿g reserve has been put aside forwork required on the bU1￿￿ng. c Various grants have been provided to 5UPPOrt the prowsion of a befrieding seTrice, io help raluce kJneline$$ and so¢ial isolats"on. d Oementia Support Fund Our Dementia SuprKIrt seM¢e provK1es holLsti¢ assistance ￿ 1ndN￿val$ famil*s affeCt￿j by dementia. The fund supwrts the delivery of CognitNe Stimulation Therapy ICSTI Commiss￿ned by NHS Dorset, abngside W￿er dementia swport activities including educatK)n, P8er and ¢arer support. community groups, and social conne¢tK)n for trose attected. The fund enables a nurturing and inclusive en￿ron￿nt that enhanees cognitive, eftK)tK)nal, and soclal wellbeiry. while also contributiro to wider community awareness and dernent'a-friendly initiatives. e Equality, Diversity an(J IrKlusk)n IEDII Project Grant This G)ur￿l1-I8d. multFagen¢y initiatwe briros togethera nett￿rk of chaiitses and communtyor9anisations to advance equality, diversity, and inclusion. The fund supwrts collaborative work that amplifies under-rep￿sented voKes. improves community parbC1pat￿n. and promotes faw and indusNe access to serwces. 22 Ago UK Dorch05tgr Note5 to the Financial Statements For the Year Ended 30 March 2025 f Househo￿ Suppvrt Fund The HousehohS Supp)rt Fund prov5des finanaal assistance to Individuals and fam51￿ expenencing financial hardship. The fund helps cover essential ￿)usehOld Costs such as U1￿￿"e$ and grocerfes. Improviro finandal resilience durir dfficutt periDds. Funding is prOv￿ed by the Department for Wot* and Pensions and distributed on behalf of Dorset Council. Age UK Dor¢hester acting as Custodian and administrator. g Information and Advice Fund ThB fund supports grants reL4t1￿ to the delivery of huh-qu*ty InfOrn￿t￿j￿ and advice services for older people. including welfare benefrt5 entidement Checks. energy and cost-of-INing gU￿ance. and ￿lated support that Improves financial securty arKI wellbeing. h Management FurKJ ThL* fund ￿lateS to a specffic element of a conlractsd Service for the delivery of practical and eTThAKinal 5uprort. Restrict￿ income is u88d 8xcIus+v81ytO 5UPPOrt the rnanag8rn8nt and coordination of thatserwco. i Older Safer Project Grant The Okler SaferProject. delivered in partnetship with the Dors￿ Poli￿ and Crfme CommFssloner. Supports ok1er resK18nts to feel safe and conf￿ent wlthin their o)mmunitses. The project includes home safety checks, IT and SCAM awarene55. 5aleguaTding infomiation. and improved pathways for ￿pOi￿rYj aré signtosting to essential senrices. j Projects Fund ThSs fund CoMpr￿e$ severl 8mall8rgrdnts SUp￿rting discrete projects deS￿ned to improve thè wellbeing of 0￿er people and enable 50ual partKipation wrthin the corrwnunity. k Wellbeirg Grants These grants support the delwery of a wellbeing Se￿Ce airyed at ￿￿￿¢&n9 loneliness and social isolation ar￿ng ok48r people. enabling improved erwtional and sockql connection. 14 Analysls of ngt assets between funds Unrest. cted Funds R•8t-rictsd Totsl Fund• Fund 2025 Unrest. rkt¢d Fund¥ Rest-rfcted Fund Total Funds 202J Fixed 8sset5 Current assets credito￿ due wthin one year 395.451 99.085 170,97fj1 16.400 411,851 99,085 170,97fj1 448,487 160,425 150,3541 113.525 5e2.D12 1eO,425 150,3541 423 560 439 960 558.558 113.525 672.083 Financial comrnitmonts As 8t 30 March 2025 the chartty was ¢ommrtted to rna￿￿g the followng payments urnler operatir& 1888es.' 2025 2024 Land and bulldlng$: Expiring 2- 5 yaar8 Other. Eypifing 2- 5 years 34.800 1.278 As at 30 March 2024 the charity w8s committed to makng the follo%*ing payment5 uThYer contracts for seTrice charges.. Land and bulldings.. Eypiring 2- S years 23 Aot UK Doreho$t•r Notes to the Financial Statements For the Year Ended 30 March 2025 16 Related party transactions The charity underiry)k no tranSaCt￿n$ with ts joint venture cornpany, Age Concern I￿ [￿r5et Limited. Durirs the period Age UK Dorchester received £nil in fees or ￿Charged amounts12024.' £nlll from Age Conc£m in Ootsat Limitsd. The charity delivered Dements'a support seryice5 on behalf of ts joint venture company, Age UK Dorset Enterpri8e5 Limrted IAUKDELI The amount receivable from the company was £75.01212024." £72.2401. £108 was OW￿ 8t the year end12024.. £6.039 outstandin91. During the yearAUKDEL did not repay any balances owed12024". £441 ￿pa￿l by AUKDELI. £792 was outstanding at the year end12024. £6.9381. £519 of historic profil share rernains unpahj at the y8arend. with a iolal amount due from AUKDEL of £79212024.. £519 and £6,938 resp8Ctwelyl. 17 Company Ilmlted by guarantee The tharitywas incorrA)ratad as a company linited by guarantee has no Share ¢aprtal. The guarantee to the company is £1 per ￿rnber on the winding up of the company. 18 Penslon and slmllar obllgatlong The tharity partitspates in a TPT Retirement Solub"ons-Tho Growlh Plon sehmo, a mulb-employer8cheme which prOV￿e$ benefrts to some 1,300 non-associaled parti¢lpating employers. The scheme 1$ a defined benefit scheme In the UK. 11 is not possib￿ for the charity to obtain sufficien¢ informatbn to enable it lo account for the scheme as a defined benefit scherne. Therefore it accounts for the scherre a$ a defined contribution scheme. The scheme is subje¢tto the funding legislab'on outlined in the PensK)ns Act 2oo4wh￿h carne inlo force on 30 Oecember 2005. This, togelherwith documents Issued by the Penslons Regulator and Technical Actuarial Standards tssued by Financial Rewrbng Coun(#l. set out the framewo￿￿ for fijnding defined benefrt occupab.onal pension sehem85 in the UK. The scheme is classifled as a,￿$t.Man stsndlng arrangemerf. The￿Ore the charity is kxjtenti￿ty ￿abl8 for Other parb¢ipating employers. obligatson$ If those employers are unable to meet their Sha￿ of the scheme deficit folknwing withdrawal from the sch8m8. ParticipatirvJ 8rnpby8rs are legally raquired to meet theirshare of the stheme defl¢rt on an annuity purchase basi5 on wthdrawal frorn the 5cherne. A full aGtuarial valuati)n forthe scheff* was ¢arried out at 30 SeptembEr 2023. ThE Yaluation showe