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← Age UK North Yorkshire Coast and Moors

2024-03-31-accounts

Docusign Envelope ID: 4E0C245C-75BD-4458-8916-9CC7B5C51633

Age UK North Yorkshire Coast & Moors

Report of the Trustees and Financial Statements for the year ended

31 March 2024

Registered Company Number: 07758027 Registered Charity Number: 1143893

HPH, Chartered Accountants 54 Bootham YORK YO30 7XZ

Docusign Envelope ID: 4E0C245C-75BD-4458-8916-9CC7B5C51633

Age UK North Yorkshire Coast & Moors

Contents of the Financial Statements for the Year Ended 31 March 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 - 6
Auditors’ Report 7 - 10
Consolidated Statement of Financial Activities 11
Consolidated Balance Sheet 12
Consolidated Cash Flow Statement 13
Notes to the Financial Statements 14 - 24

Docusign Envelope ID: 4E0C245C-75BD-4458-8916-9CC7B5C51633

Age UK North Yorkshire Coast & Moors

Reference and Administrative Details for the Year Ended 31 March 2024

Trustees S G Trafford
J Crowther
C Wood (resigned 15 July 2024)
M Thrall (appointed 8 August 2023)
M Wildey
P A Stanton (appointed 21 November 2023)
J Thomas (resigned 4 July 2023)
I Poole (resigned 5 September 2023)
Chief executive N Bradbury
Company secretary N Bradbury
Registered office 39 Aberdeen Walk
SCARBOROUGH
North Yorkshire
YO11 1BD
Registered company number 07758027 (England and Wales)
Registered charity number 1143893
Auditors HPH, Chartered Accountants
54 Bootham
YORK
YO30 7XZ
Bankers Virgin Money
24 Huntriss Row
SCARBOROUGH
North Yorkshire
YO11 2EG

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Age UK North Yorkshire Coast & Moors

Report of the Trustees for the Year Ended 31 March 2024

The Trustees who are also directors of the Charity for the purposes of the Companies Act 2006, present their report with the financial statements of the Charity for the year ended 31 March 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

This report includes the directors' report required by company law.

Objectives and activities

The objects of Age UK North Yorkshire Coast and Moors are to promote the following purposes for the benefit of the public and/or older people in and around North Yorkshire, with a focus on the former district of Ryedale and borough of Scarborough:

These objects are currently met through the following areas of activity:

In compiling this report, the trustees have had due regard to guidance published by the Charity Commission on the Public Benefit requirement under the Charities Act 2011. The benefits to the Charity's client group through the work we have undertaken via our various services has been:

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Age UK North Yorkshire Coast & Moors

Report of the Trustees for the Year Ended 31 March 2024

Achievement and performance

2023/4 was a further year as our communities recovered from Covid and faced up to the cost of living rises, as older people in many cases struggled to deal with rising prices and energy costs.

We met these challenges head on and have been successful in growing the charities size and scope to meet the challenges.

The main developments in 2023/24 service-wise were:

Future plans

2024/25 has seen consolidation of our work in the year 2023/24, notable for our new shop on Ramshill Road in Scarborough and other developments.

The retail team has increased its income over the year, as we improved our systems and priced our products more keenly.

This year has been one of consolidation and of improvement of our processes, so that as a charity we can be sustainable and continue to provide a service to our clients. One of these things has been a new data system so that we can better explain our outcomes to funders and the public.

Fundraising

The retail group has increased its income over the year from £119k to £152k.

The charity is committed to maintaining high standards of fundraising and retail activity. The Charity is registered with the Fundraising Regulator. The Charity does not use any third parties to act on its behalf in relation to fundraising. No complaints were received by the charity during 2023/24 in relation to its fundraising activities.

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Age UK North Yorkshire Coast & Moors

Report of the Trustees for the Year Ended 31 March 2024

Financial review

2023/24 saw an expansion in the size and scope of the charity.

The statement of financial activities shows a deficit of £106,396 for the year of 2023/2024 (2023: Surplus £59,432). This comprises of a deficit on restricted funds of £91,059 and a deficit of £15,337 on unrestricted funds.

Total reserves amounted to £340,518 of the consolidated group at the year end (2023: £446,914).

The Charity holds £91,374 of restricted funds to be spent on specific projects in forthcoming years more details can be seen in note 19.

Unrestricted reserves of £249,144 are held in line with the reserve policy below.

The Charity's total income increased from £893,015 to £1,125,917. This increase was expected due to additional funding received with the SeeCHANGE initiative and other new projects and the expansion of the Social Prescribing service. The increase in expenses was also expected due to increased activity.

The Charity has a wholly-owned subsidiary, Age UK Scarborough & District Trading Limited. This is a sole member company limited by guarantee. From 1 April 2019 it is being used to deliver paid-for services, which provide support to older people in and around Scarborough & District and generate unrestricted revenue for the parent Charity through the covenanting of profits.

Risk management

The charity has a reasonable reserves position and has a risk assessment procedure. We have identified the need to diversify our sources of income from trusts and contracts to give us more resilience as an organisation.

As we have grown, we have identified the need to monitor data and improve quality.

The principal financial risks and uncertainties are considered to relate primarily to the ability of the Charity to access funding for its activities and generate sufficient unrestricted Income to support its infrastructure. The Trustees aim to manage these risks through the timely submission of funding bids and the identification of suitable income-generating activities in line with its general aims, as well as a drive to reduce the scope of loss-making ventures.

The regular reports received at committee meetings enable the Trustees to monitor major risks to which the Charity is exposed so that necessary steps can be taken to manage those risks.

Reserves

The Trustees consider that an appropriate level of free reserves is three months of liquid reserves. Free reserves are unrestricted reserves less any fixed assets and lease commitments held in unrestricted funds free reserves stand at £249,144 which is the equivalent of 2.4 months expenditure.

Any additional reserves available at 31 March 2024 have enabled the charity to maintain its activities while it continues to seek new funding streams and will continue to support activities during 2024/25.

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Age UK North Yorkshire Coast & Moors

Report of the Trustees for the Year Ended 31 March 2024

Structure, governance and management

Age UK North Yorkshire Coast and Moors is a charitable company limited by guarantee, governed by its memorandum and articles of association.

Age UK North Yorkshire Coast and Moors is directed by a board of a minimum of three trustees, who are also directors of the Charitable Company. Trustees are elected at the annual general meeting. Additional trustees maybe co-opted during the year, provided the number of co-opted board members does not exceed one third of the number of elected members. Trustees are recruited from local people who have an interest in the Charity. Potential trustees are invited to attend three trustee meetings as a probationary period. New trustees receive a welcome and induction pack and all Trustees are entitled to attend external Trustee training.

The Charity works with a wide range of local and regional bodies, together with Age UK nationally.

The Board is responsible for budgetary decisions and for setting policies and strategies. This includes setting of the pay and remuneration of the charities key management personnel.

Volunteers

Age UK North Yorkshire Coast and Moors have around 140 active volunteers and the trustees. We understand that volunteers gift their time to help local people in need and we acknowledge with gratitude the continuing contribution of volunteers to the Charity.

Trustees statement of responsibilities

The board of trustees are responsible for preparing the Trustees’ Annual Report and the financial statements 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 for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Age UK North Yorkshire Coast & Moors

Report of the Trustees for the Year Ended 31 March 2024

In so far as the trustees are aware:

Statement of compliance with prevailing laws and regulations

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 26 November 2024 and signed on its behalf by:

S G Trafford - Trustee

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HPH

Chartered Accountants

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

AGE UK NORTH YORKSHIRE COAST & MOORS

OPINION

We have audited the financial statements of Age UK North Yorkshire Coast & Moors for the year ended 31 March 2024, which comprise the Consolidated Statement of Financial Activities and Income and Expenditure Account, the Consolidated Balance Sheet, the Consolidated Cash Flow Statement and the related notes, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

BASIS OF OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustees’/director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

OTHER INFORMATION

The trustees/directors are responsible for the other information contained within the annual report. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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HPH

Chartered Accountants

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

AGE UK NORTH YORKSHIRE COAST & MOORS

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

RESPONSIBILITIES OF DIRECTORS

As explained more fully in the Trustees' responsibilities statement on page 5, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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HPH

Chartered Accountants

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

AGE UK NORTH YORKSHIRE COAST & MOORS

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006 together with the Charities SORP (FRS102) 2019. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The laws and regulations we considered in this context for the UK operations were The Health and Safety legislation, Employment legislation, Charity Commission regulations and General Data Protection Regulation (GDPR).

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management and income recognition. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, detailed substantive testing on the completeness of other sources of income, reviewing regulatory correspondence and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

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HPH

Chartered Accountants

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF

AGE UK NORTH YORKSHIRE COAST & MOORS

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.

USE OF OUR REPORT

This report is made solely to the charitable company's members in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members for our audit work, for this report, or for the opinions we have formed.

......................................

Sarah Wearing (Senior Statutory Auditor)

For and on behalf of HPH, Statutory Auditor

54 Bootham York YO30 7XZ 26 November 2024

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Age UK North Yorkshire Coast & Moors

Consolidated Statement of Financial Activities

and Income and Expenditure Account For the year ended 31 March 2024

Notes
Income
Donations and legacies
3
Charitable activities
Core activites
4
Other trading activities
5
Investment income
6
Other income
7
Total Income
Expenditure
Raising funds
8
Charitable activities
Core activites
9
Total Expenditure
Transfers between funds
18,19
Reconciliation of funds
Total funds brought forward
Total funds carried forward
17
Net income/(expenditure) before
transfers		 Unrestricted
Funds
£
307,329
284,553
204,620
10,127
20,426
827,055
221,189
620,793
841,982
(14,927)
(410)
(15,337)
264,481
£249,144		 Restricted
Funds
£
234,512
64,350
-
-
-
298,862
-
390,331
390,331
(91,469)
410
(91,059)
182,433
£91,374		 2024
Total Funds
£
541,841
348,903
204,620
10,127
20,426
1,125,917
221,189
1,011,124
1,232,313
(106,396)
-
(106,396)
446,914
£340,518		 2023
Total Funds
£
417,226
314,879
143,031
3,538
14,341
893,015
162,890
670,693
833,583
59,432
-
59,432
387,482
£446,914

The notes on pages 14 to 25 form part of these accounts.

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Age UK North Yorkshire Coast & Moors

Balance Sheet

As At 31 March 2024 (company number: 07758027)

Notes Charity Consolidated Charity Consolidated
2024 2024 2023 2023
£ £ £ £
Fixed Assets
Tangible Assets 12 66,801 67,762 98,636 99,997
Current Assets
Debtors 14 130,721 91,239 121,216 101,953
Cash at Bank and in Hand 252,096 259,322 349,911 349,911
Creditors: amounts falling due 382,817 350,561 471,127 451,864
within one year 15 (76,577) (77,805) (100,722) (104,947)
Net Current Assets 306,240 272,756 370,405 346,917
Total Net Assets £ 373,041 £ 340,518 £ 469,041 £ 446,914
The Funds of the Charity
Unrestricted Funds 18 281,667 249,144 286,608 264,481
Restricted Funds 19 91,374 91,374 182,433 182,433
Total Charity Funds £373,041 £340,518 £469,041 £446,914

The notes on pages 14 to 25 form part of these accounts.

These financial statements were approved by the trustees on 26 November 2024 and signed on its behalf by:

S G Trafford - Director and Trustee

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Age UK North Yorkshire Coast & Moors

Consolidated Cash Flow Statement For the year ended 31 March 2024

Note
Net cash provided/ (used in) by
operating activities
20
Cash flows from investing activities
Interest received
Purchase of property, plant and equipment
Net cash provided by investing activities
Change in cash and cash equivalents in
the year
Cash and cash equivalents at beginning of
the year
Cash and cash equivalents at end of the
year
22		 £
£
(96,912)
10,127
(815)
9,312
(87,600)
346,922
£ 259,322
2024		 £
£
99,267
3,538
(1,591)
1,947
101,214
245,708
£ 346,922
2023

The notes on pages 14 to 25 form part of these accounts.

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Age UK North Yorkshire Coast & Moors

Notes to the Accounts For the year ended 31 March 2024

1 General Information

The company is a private company limited by guarantee. The members are the Trustees. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. The company is incorporated and registered in England and Wales and is a public entity (no. 07758027).

The address of its registered office is: 39 Aberdeen Walk, Scarborough, North Yorkshire, YO11 1BD.

2 Accounting Policies

2.1 Basis of preparation of accounts

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The consolidated accounts include the results of the Charitable Company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

No separate SOFA has been presented for the Charitable Company alone as permitted by the SORP.

The Charitable Company constitutes a public benefit entity as defined by FRS 102.

The accounts are presented in UK Sterling pounds (£).

2.2 Going concern policy

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist.They expect that the income received by the charity going forward, together with its existing reserves, will be sufficient to enable it to continue as a going concern for a period of at least 12 months from the date of signing of these financial statements.

2.3 Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

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Age UK North Yorkshire Coast & Moors

Notes to the Accounts

For the year ended 31 March 2024

2.4 Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Grant income

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised at fair value when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Legacies

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Gifts in kind donated for resale

It is impracticable to fair value gifts in kind donated for resale due to the volume of low value items so they are not recognised in the financial statements until they are sold. This income is recognised within 'Income from other trading activities'.

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 notification of the interest paid or payable by the Bank.

2.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities.

Expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the charity and their associated support costs.

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Age UK North Yorkshire Coast & Moors

Notes to the Accounts For the year ended 31 March 2024

2.5 Expenditure (continued)

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include administrative and governance costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.

2.6 Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

2.7 Tangible Fixed Assets

Fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis at the following annual rates:

Leasehold property - over the term of the lease Fixtures, fittings and equipment - 10% straight line or over the life of the associated grant Motor vehicles - 25% straight line Computer equipment - 25% straight line

2.8 Debtors and creditors receivable / payable

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

2.9 Leases

Rentals payable under operating leases are charged to the SoFA on a straight line basis over the period of the lease.

2.10 Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The charity contributes to a defined contribution workplace pension plan for the benefit of its employees. Contributions are charged to the statement of financial activities in the period to which they relate.

2.11 Taxation

The charity is exempt from corporation tax on its charitable activities.

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Age UK North Yorkshire Coast & Moors

Notes to the Accounts

For the year ended 31 March 2024

3. Donations and Legacies

Donations
Legacies
Grants
Age UK England
National Lottery Community Fund
Government Grants
Other Grants		 Unrestricted
£
4,195
-
52,750
196,826
39,357
14,201
£ 307,329		 Restricted
£
-
-
-
-
234,512
-
£ 234,512		 2024
£
4,195
-
52,750
196,826
273,869
14,201
£ 541,841		 2023
£
4,909
55,994
10,250
148,871
91,312
105,890
£ 417,226

Restricted and donations income in 2023 from grants was £261,052.

4. Charitable Activities

Contracts
270,259
64,350
Other Income from Charitable Activities
14,294
-
£ 284,553
£ 64,350
Restricted income in 2023 from charitable activites was £289,333
Other Trading Activities
Trading Subsidiary Income
52,348
-
Shop Income
152,272
-
£ 204,620
£ -
Restricted income from other trading activities in 2023 was £nil.
Investment Income
Deposit account interest
£ 10,127
£ -
Restricted income from investment income in 2023 was £nil.
Other Income
Rental income
416
-
DWP Kickstart
-
-
Reimbursed salaries
16,394
-
Other income
3,616
-
£ 20,426
£ -		 334,609
14,294
£ 348,903
52,348
152,272
£ 204,620
£ 10,127
416
-
16,394
3,616
£ 20,426		 314,526
353
£ 314,879
23,586
119,445
£ 143,031
£ 3,538
203
4,177
-
9,961
£ 14,341

5. Other Trading Activities

6. Investment Income

7. Other Income

Restricted income from other income in 2023 was £nil.

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Age UK North Yorkshire Coast & Moors

Notes to the Accounts

For the year ended 31 March 2024

Unrestricted
Restricted
2024
£
£
£
8. Other trading activities - costs
Staff costs
87,532
-
87,532
Direct shop costs
23,496
-
23,496
Property shop costs
45,507
-
45,507
Trading subsidiary costs - staff
51,622
-
51,622
Trading subsidiary costs - other
11,122
-
11,122
Other costs
1,910
-
1,910
£ 221,189
£ -
£ 221,189
Restricted expenditure from other trading activities in 2023 was £nil.
9. Charitable activities - costs
Staff costs
336,179
217,677
553,856
Recruitment and training
5,544
2,190
7,734
Activity direct costs
124,619
104,731
229,350
Property costs
49,550
2,600
52,150
Hire of plant and machinery
1,880
-
1,880
Motor and travel expenses
12,330
8,776
21,106
Other operational costs
31,274
24,347
55,621
Depreciation
3,192
29,458
32,650
Support costs (see below)
56,225
552
56,777
£ 620,793
£ 390,331
£ 1,011,124
Support costs
Staff costs
23,634
-
23,634
Professional & registration fees
17,564
552
18,116
Governance costs
- Trustee expenses
7,227
-
7,227
- Auditor's Fee
5,400
-
5,400
- Non-audit service Fees
2,400
-
2,400
- Independent Examiner's Fee
-
-
-
£ 56,225
£ 552
£ 56,777
Restricted expenditure from charitable activites in 2023 totalled £490,857 of which £456
costs.		 2023
£
54,961
11,016
43,294
36,720
9,995
6,904
£ 162,890
322,598
6,030
179,470
43,632
2,054
12,886
29,590
32,532
41,901
£ 670,693
28,024
10,223
54
1,800
1,800
£ 41,901
was in support

18

Docusign Envelope ID: 4E0C245C-75BD-4458-8916-9CC7B5C51633

Age UK North Yorkshire Coast & Moors

Notes to the Accounts For the year ended 31 March 2024

10. Staff Costs
Salaries
Social Security Costs
Pension Costs		 2024
£
659,841
45,469
11,334
£ 716,644		 2023
£
373,151
26,062
6,370
£ 405,583

No employee earned over £60,000 during the year.

The key management personnel of the Charitable Company comprise the Trustees and the Chief Executive Officer. The total employee benefits of the key management personnel (including employer NIC and pension costs), with only the Chief Executive Officer being paid, were £63,500 (2023 - £54,631).

The pension contributions were paid into a defined contribution scheme.

Number of employees

The full time equivalent number of staff as at 31 March 2024 was 28 (2023 - 18).

The average monthly number of employees during the year was as follows:
Full time
Part time		 2024
25
8
33		 2023
14
9
23

The Charitable Company benefits greatly from the contribution of volunteers. Volunteers bring their skills and expertise to the organisation.

11. Related Party Transactions

Trustees' transactions

No remuneration was paid to any of the trustees (2023: £nil).

One trustee was reimbursed expenses for travel to meetings totalling £nil (2023: £54).

Other related party transactions

There were no other related party transactions for the year ended 31 March 2024 (2023: £nil).

19

Docusign Envelope ID: 4E0C245C-75BD-4458-8916-9CC7B5C51633

Age UK North Yorkshire Coast & Moors

Notes to the Accounts For the year ended 31 March 2024

12. TANGIBLE FIXED ASSETS

Charity
Improvements
Fixtures,
to Leashold
Fittings and
Property
Equipment
Cost
£
£
At 1 April 2023
195,999
6,840
Additions
-
-
At 31 March 2024
195,999
6,840
Depreciation
At 1 April 2023
105,000
3,596
Charge for year
28,000
684
At 31 March 2024
133,000
4,280
Net Book Amounts At
31 March 2024
£ 62,999
£ 2,560
31 March 2023
£ 90,999
£ 3,244
Consolidated
Cost
£
£
At 1 April 2023
195,999
6,840
Additions
-
-
At 31 March 2024
195,999
6,840
Depreciation
At 1 April 2023
105,000
3,596
Charge for year
28,000
684
Disposal in year
-
-
At 31 March 2024
133,000
4,280
Net Book Amounts At
31 March 2024
£ 62,999
£ 2,560
31 March 2023
£ 90,999
£ 3,244		 Motor
Vehicles
£
7,600
-
7,600
5,540
1,900
7,440
£ 160
£ 2,060
£
7,600
-
7,600
5,540
1,900
-
7,440
£ 160
£ 2,060		 Computer
Equipment
£
13,155
815
13,970
10,822
2,066
12,888
£ 1,082
£ 2,333
£
15,825
815
16,640
12,131
2,466
-
14,597
£ 2,043
£ 3,694		 Total
£
223,594
815
224,409
124,958
32,650
157,608
£ 66,801
£ 98,636
£
226,264
815
227,079
126,267
33,050
-
159,317
£ 67,762
£ 99,997

20

Docusign Envelope ID: 4E0C245C-75BD-4458-8916-9CC7B5C51633

Age UK North Yorkshire Coast & Moors

Notes to the Accounts For the year ended 31 March 2024

13. Investments

The Charity is the sole member of the company Age UK Scarbourgh & District Trading Limited which is a sole member company limited by guarantee and incorporated in England and Wales.The subsidiary provided some paid for services to older people in and around Scarborough & District in the year ended 31 March 2024. No monies were donated to the charity in the year (2023 - nil).

A summary of the results of the subsidiary is shown below:

Turnover
Cost of sales
Gross profit
Other operating income
Administrative expenses
Profit before donations to charity
The aggregate of the assets, liabilities and funds was:
Assets
Liabilities
Funds
Charity
2024
£
14. Debtors
Amounts owed from Subsidiary Undertaking
39,482
Accrued Income
73,531
Prepayments
17,708
£ 130,721		 2024
£
52,338
(57,016)
(4,678)
10
(5,728)
£ (10,396)
8,187
(40,710)
£ (32,523)
Consolidated
2024
£
-
73,531
17,708
£ 91,239		 2023
£
23,480
(42,153)
(18,673)
106
(4,562)
(£ 23,129)
1,541
(23,668)
(£ 22,127)
Charity
2023
£
19,443
86,075
15,698
£ 121,216		 Consolidated
2023
£
-
86,075
15,878
£ 101,953

21

Docusign Envelope ID: 4E0C245C-75BD-4458-8916-9CC7B5C51633

Age UK North Yorkshire Coast & Moors

Notes to the Accounts For the year ended 31 March 2024

Charity
Consolidated
2024
2024
£
£
15. CREDITORS: amounts falling due within one year
Bank overdraft
-
-
Trade creditors
37,577
37,604
Other taxes and social security costs
12,674
12,674
Accruals
11,326
12,527
Deferred Income
15,000
15,000
£ 76,577
£ 77,805
Deferred Income:
£
Deferred Income at 1 April 2023
50,500
Resources deferred in the year
15,000
Amounts released from the previous year
(50,500)
Deferred Income as at 31 March 2024
£ 15,000
16. Leasing agreements
Within one year
37,245
37,245
Between one and five years
47,245
47,245
£ 84,490
£ 84,490
Minimum lease payments under non-cancellable operating leases fall
due as follows:		 Charity
2023
£
-
32,497
8,996
8,729
50,500
£ 100,722
37,245
84,490
£ 121,735		 Consolidated
2023
£
2,989
32,749
9,048
9,661
50,500
£ 104,947
37,245
84,490
£ 121,735

22

Docusign Envelope ID: 4E0C245C-75BD-4458-8916-9CC7B5C51633

Age UK North Yorkshire Coast & Moors

Notes to the Accounts For the year ended 31 March 2024

17. Analysis of net assets between funds

Unrestricted
Funds
£
Fixed Assets
3,993
Current Assets
322,956
Current Liabilities
(77,805)
At 31 March 2023
£ 249,144
Unrestricted
Funds
£
Fixed Assets
6,770
Current Assets
357,158
Current Liabilities
(99,447)
At 31 March 2022
£ 264,481		 Restricted
Funds
£
63,769
27,605
-
£ 91,374
Restricted
Funds
£
93,227
94,706
(5,500)
£ 182,433		 2024
Total
Funds
£
67,762
350,561
(77,805)
£ 340,518
2023
Total
Funds
£
99,997
451,864
(104,947)
£ 446,914

18. Unrestricted funds - movement

Unrestricted Funds
Unrestricted Funds
Unrestricted Funds		 Balance at
01/04/23
£
£ 264,481
Balance at
01/04/22
£
£ 264,577		 Income
£
£
£ 827,055
Income
£
£
£ 342,630
£ (342,726)
Expenditure
Expenditure
£ (841,982)		 Transfers
£
£ (410)
Transfers
£
-		 Balance at
£
£ 249,144
Balance at
£
£ 264,481
31/03/24
31/03/23

23

Docusign Envelope ID: 4E0C245C-75BD-4458-8916-9CC7B5C51633

Age UK North Yorkshire Coast & Moors

Notes to the Accounts

For the year ended 31 March 2024

19. Restricted funds - movement

Aberdeen walk
refurbishment
Care Choice lead
Cloth Works van
Health and wellbeing
Multiply
National lottery healthier
communities
SeeCHANGE
Social prescribing
Van - Rural
Veteran support
Aberdeen walk
refurbishment
Cloth Works van
Community support officer
Community grants - Employability
Employability 50 plus
Health and wellbeing
MCST Dementia
National lottery healthier
communities
SeeCHANGE
Social prescribing
Van - Rural
Veteran support		 Balance at
01/04/23
£
91,872
-
1,355
1,011
-
13,235
51,064
15,896
8,000
-
£ 182,433
Balance at
01/04/22
£
120,080
2,605
-
-
-
-
-
-
-
-
-
-
220
£ 122,905		 Income
£
£
-
(28,208)
46,986
(46,986)
-
(1,250)
27,500
(28,909)
17,364
(17,364)
74,000
(72,992)
123,024
(160,726)
-
(15,896)
-
(8,000)
9,988
(10,000)
£ 298,862
Income
£
£
-
(28,208)
-
(1,250)
60,000
(60,000)
32,094
(32,094)
5,636
(5,636)
4,500
(3,489)
21,223
(21,223)
74,000
(60,765)
77,371
(26,307)
257,239
(241,343)
8,000
-
10,322
(10,542)
£ 550,385
Expenditure
Expenditure
£ (490,857)
£ (380,331)		 Transfers
£
-
-
-
398
-
-
-
-
-
12
£ 410
Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
£ -		 Balance at
£
63,664
-
105
-
-
-
14,243
13,362
-
-
-
£ 91,374
Balance at
£
91,872
1,355
-
-
-
1,011
-
-
13,235
51,064
15,896
8,000
-
£ 182,433
31/03/24
31/03/23

Aberdeen Walk refurbishment and Cloth Works van - These funds relate to monies raised for the purchase of fixed assets which have since been capitalised. Depreciation of these assets is allocated each year.

Community support officer - Monies received for an officer to assist in getting people back into the community post COVID.

24

Docusign Envelope ID: 4E0C245C-75BD-4458-8916-9CC7B5C51633

Age UK North Yorkshire Coast & Moors

Notes to the Accounts For the year ended 31 March 2024

19. Restricted funds - movement

Community grants - Employability and Employability 50 plus - Monies received for enabling people into employment.

Health and Wellbeing - Monies received to run projects to improve health of older people.

MCST Dementia - Monies received to help support individual and families suffering from Dementia.

National lottery healthier communities - Monies recevied to improve physical health of older and vulnerable people.

SeeCHANGE - Monies recevied for the health equality intiative.

Social prescribing - Monies received by the NHS to provide a service to bridge the gap between clinical and non clinical services.

Van - Rural - Monies received from Ryedale Council for a contribution to the purchase of a van.

Veteran support - Monies received from the Armed Forces for a provision of a support service for Veterams in the area.

20. Reconciliation of net income/(expenditure) to net cashflow from operating activities

Net income for the reporting period
Adjustments for:
Depreciation charges
Interest received
Decrease/(Increase) in trade and other debtors
Increase/(Decrease) in trade and other creditors
Net cash provided by operating activities
21.
Cash in hand
Total cash and cash equivalents
22. Analysis of changes in net debt
Cash
Overdraft
Analysis of cash and cash equivalents		 At
01/04/2023
£
349,911
(2,989)
£ 346,922		 2024
£
(106,396)
33,050
(10,127)
10,714
(24,153)
£ (96,912)
259,322
£ 259,322
Cash-flows
£
(90,589)
2,989
£ (90,589)		 2023
£
59,432
33,033
(3,538)
(66,041)
76,381
£ 99,267
349,911
£ 349,911
At
31/03/2024
£
259,322
-
£ 259,322

25

Docusign Envelope ID: 4E0C245C-75BD-4458-8916-9CC7B5C51633

The following pages do not form part of the statutory accounts.

Docusign Envelope ID: 4E0C245C-75BD-4458-8916-9CC7B5C51633

Age UK North Yorkshire Coast & Moors

Detailed Income and Expenditure Analysis - Charity Only For the year ended 31 March 2024

Income
Donations and Legacies
Donations
Legacies
Grant Income
Age UK England
National Lottery Community Fund
Government Grants
Other Grants
Charitable Activities
Contracts
Other income from charitable activities
Other Trading Activities
Shop income
Investment Income
Deposit account interest
Other Income
Rental income
DWP Kickstart
Reimbursed salaries
Other income
Total Income		 £
£
4,195
-
52,750
196,826
273,869
14,201
541,841
334,609
14,294
348,903
152,272
152,272
10,127
10,127
416
-
16,394
3,616
20,426
1,073,569
2024		 £
£
4,909
55,994
10,250
148,871
91,312
105,890
417,226
314,526
353
314,879
119,445
119,445
3,538
3,538
203
4,177
-
9,961
14,341
869,429
2023

Docusign Envelope ID: 4E0C245C-75BD-4458-8916-9CC7B5C51633

Age UK North Yorkshire Coast & Moors

Detailed Income and Expenditure Analysis For the year ended 31 March 2024

Expenditure
Other Trading Activities
Salaries
Rent
Rates
Heat and light
Direct shop costs
Insurance
Telephone
Other expenses
Charitable Activities
Salaries
Social security costs
Pension costs
Subcontractors
Equipment hire
Rent
Rates and water
Heat and light
Repair and maintenance
Insurance
Motor vehicle expenses
Travel expenses
Telephone
Office costs
Licences and subscriptions
Activity expenses
Recruitment and training
Finance costs
Depreciation
Support Costs
Salaries
Legal and professional fees
Trustee expenses
Auditors fee
Non-audit service fees
Independent examiners fees
Total Expenditure
Net (Expenditure)/ Income		 £
£
87,532
27,135
765
16,370
23,496
1,237
1,910
-
158,445
497,054
45,468
11,334
3,790
1,880
18,000
513
9,692
12,340
11,605
3,219
17,887
6,072
35,682
1,222
229,350
7,734
8,856
32,650
954,348
23,634
18,116
7,227
5,400
2,400
-
56,777
1,169,570
(£ 96,001)
2024		 £
£
54,961
30,198
559
12,276
11,016
261
2,018
4,886
116,175
290,166
26,062
6,370
3,018
2,054
14,933
638
8,310
13,852
5,899
867
12,019
5,898
18,097
1,257
179,470
6,030
1,320
32,532
628,792
28,024
12,023
54
-
1,800
1,800
43,701
788,668
80,761
2023