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← Age UK North Yorkshire Coast and Moors

2025-03-31-accounts

Age UK North Yorkshire Coast & Moors

Report of the Trustees and Financial Statements for the year ended

31 March 2025

Registered Company Number: 07758027 Registered Charity Number: 1143893

HPH, Chartered Accountants 54 Bootham YORK YO30 7XZ

Age UK North Yorkshire Coast and Moors

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 - 7
Auditors’ Report �- 11
Consolidated Statement of Financial Activities 12
Consolidated Balance Sheet 13
Consolidated Cash Flow Statement 14
Notes to the Financial Statements 15 - 26

Age UK North Yorkshire Coast and Moors

Reference and Administrative Details for the Year Ended 31 March 2025

Registered charity name Age UK North Yorkshire Coast and Moors
Trustees S G Trafford
J Crowther
C Wood (resigned 15 July 2024)
M Thrall (resigned 3 April 2025)
M Wildey
P A Stanton
S Saeed (appointed 14 October 2025)
J Town (appointed 1 July 2025)
Chief executive A Parker
Company secretary A Parker
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

1

Age UK North Yorkshire Coast and Moors

Report of the Trustees for the Year Ended 31 March 2025

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 2025. 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:

2

Age UK North Yorkshire Coast and Moors

Report of the Trustees for the Year Ended 31 March 2025

Achievement and performance

During the year ended 31 March 2025, the charity experienced a period of significant growth and operational expansion, alongside increasing financial complexity. Income grew significantly, driven by a combination of contracts, grants and retail activity, with total turnover in excess of £1.1m.

This growth enabled the charity to expand its reach and deliver a wide range of services, including social prescribing, employability support through the Rise programme, and health inequality initiatives such as SeeCHANGE. However, the pace of growth also brought multiple challenges, particularly in relation to financial management, cost control and organisational structure.

During the year, it became clear that improvements were required in financial procedures, reporting and budgeting processes. In response, delays in the recording and reporting alongside mitigating negative impact resulted in significant loss of funds and change of charity leadership.

In 2024/25 it was imperative that the charity was to take decisive action to strengthen financial oversight. This includes:

Despite these challenges, the charity managed to remain operational working on cashflow basis to maintain finances and deliver services effectively. Based on current financial information, the organisation has demonstrated the ability to operate on low reserves keeping close attention to bank balance and costs.

Future plans

Looking forward, the trustees recognise that the charity is entering an even more challenging funding environment. In response, significant work has been undertaken to stabilise the financial position, understand its core costs and ensure sustainability.

A detailed budget has been developed for 2026/27 under the leadership of the new Chief Executive, Alex Parker. This budget projects a planned deficit of approximately £50,000, which the trustees consider to be manageable, realistic and sustainable in the context of the charity’s overall turnover, reserves position and mitigation of risks.

This position has been achieved through:

3

Age UK North Yorkshire Coast and Moors

Report of the Trustees for the Year Ended 31 March 2025

The trustees are confident that the projected deficit represents a controlled and strategic position, allowing the charity to transition towards a more sustainable operating model while continuing to deliver key services to the community.

In addition, the charity is actively exploring opportunities to diversify income streams, with increased focus on fundraising, retail growth (including online sales), and a gradual shift towards a more balanced model of charitable delivery alongside commissioned services.

The appointment of new accountants and the continued development of improved financial systems will further strengthen financial governance, reporting, and transparency.

Following the year end, there have also been changes in leadership, including the appointment of a new Chief Executive, which the Board believes will further enhance governance and strategic oversight.

Going concern

On this basis, the trustees consider it appropriate to prepare the financial statements on a going concern basis, with a clear plan in place to manage risk, improve financial resilience, and support the long-term sustainability of the charity.

Fundraising

The retail group has increased its income over the year from £152k to £227k.

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 2024/25 in relation to its fundraising activities.

4

Age UK North Yorkshire Coast and Moors

Report of the Trustees for the Year Ended 31 March 2025

Financial review

The statement of financial activities shows a deficit of £118,743 (2024: £106,396). This comprises of a deficit on restricted funds of £23,081 (2024: £91,059) and a deficit of £95,662 (2024: £15,337) on unrestricted funds.

Total reserves amounted to £221,775 of the consolidated group at the year end (2024: £340,518).

The Charity holds £85,902 (2024: £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 £135,873 (2024: £249,144) are held in line with the reserve policy below.

The Charity's total income decreased from £1,125,917 to £1,069,234.

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.

The principle funding sources of the charity in the year were:

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 £135,310 which is the equivalent of 1.4 months expenditure.

Any additional reserves available at 31 March 2025 have enabled the charity to maintain its activities while it continues to seek new funding streams and will continue to support activities during 2025/26.

5

Age UK North Yorkshire Coast and Moors

Report of the Trustees for the Year Ended 31 March 2025

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 may be 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.

6

Age UK North Yorkshire Coast and Moors

Report of the Trustees for the Year Ended 31 March 2025

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 24 March 2026 and signed on its behalf by: ]

J Crowther - Trustee

7

HPH CHARTERED ACCOUNTANTS INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF AGE UK NORTH YORKSHIRE COAST AND MOORS

Opinion

We have audited the financial statements of Age UK North Yorkshire Coast and Moors for the year ended 31 March 2025 which comprise Statement of Financial Activities, Balance Sheet, Cash Flow Statement and notes to the financial statements, 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 for 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 UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is 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’ 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 charity'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 trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees 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 we do not express any form of assurance conclusion thereon.

8

HPH CHARTERED ACCOUNTANTS INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF AGE UK NORTH YORKSHIRE COAST AND 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.

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

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

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on pages 6-7, the trustees (who are also the directors of the charitable company for the purposes of company law) 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.

9

HPH CHARTERED ACCOUNTANTS INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF AGE UK NORTH YORKSHIRE COAST AND MOORS

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.

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:

10

HPH CHARTERED ACCOUNTANTS INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF AGE UK NORTH YORKSHIRE COAST AND MOORS

In response to the risk of irregularities and non-compliance with laws and regulations and risk of fraud, we designed procedures which included but were not limited to: sample testing on the posting of journals, detailed substantive testing on the completeness of income, detailed testing on timing of expenditure, 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.

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, as a body, 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 as a body, 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

25 March 2026

11

Age UK North Yorkshire Coast & Moors

Consolidated Statement of Financial Activities

and Income and Expenditure Account For the year ended 31 March 2025

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
£
78,639
314,442
287,200
6,712
23,425
710,418
269,062
537,018
806,080
(95,662)
(17,609)
(113,271)
249,144
£135,873		 Restricted
Funds
£
358,816
-
-
-
-
358,816
-
381,897
381,897
(23,081)
17,609
(5,472)
91,374
£85,902		 2025
Total Funds
£
437,455
314,442
287,200
6,712
23,425
1,069,234
269,062
918,915
1,187,977
(118,743)
-
(118,743)
340,518
£221,775		 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

The notes on pages 15 to 26 form part of these accounts.

12

Age UK North Yorkshire Coast & Moors

Balance Sheet

As At 31 March 2025

(company number: 07758027)

Notes
Fixed Assets
Tangible Assets
12
Current Assets
Debtors
14
Cash at Bank and in Hand
Creditors: amounts falling due
within one year
15
Net Current Assets
Total Net Assets
The Funds of the Charity
Unrestricted Funds
18
Restricted Funds
19
Total Charity Funds		 Charity
Consolidated
2025
2025
£
£
34,999
35,562
102,110
59,501
144,186
169,602
246,296
229,103
(40,219)
(42,890)
206,077
186,213
£ 241,076
£ 221,775
155,174
135,873
85,902
85,902
£241,076
£221,775		 Charity
2024
£
66,801
130,721
252,096
382,817
(76,577)
306,240
£ 373,041
281,667
91,374
£373,041		 Consolidated
2024
£
67,762
91,239
259,322
350,561
(77,805)
272,756
£ 340,518
249,144
91,374
£340,518

The notes on pages 15 to 26 form part of these accounts.

These financial statements were approved by the trustees on 24 March 2026 and signed on its behalf by:

J Crowther - Director and Trustee

13

Age UK North Yorkshire Coast & Moors

Consolidated Cash Flow Statement

For the year ended 31 March 2025

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		 £
£
(96,432)
6,712
-
6,712
(89,720)
259,322
£ 169,602
2025		 £
£
(96,912)
10,127
(815)
9,312
(87,600)
346,922
£ 259,322
2024		 £
£
(96,912)
10,127
(815)
9,312
(87,600)
346,922
£ 259,322
2024
(87,600)
346,922
£ 259,322

The notes on pages 15 to 26 form part of these accounts.

14

Age UK North Yorkshire Coast & Moors

Notes to the Accounts For the year ended 31 March 2025

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. Further details see trustees report on page 4.

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.

15

Age UK North Yorkshire Coast & Moors

Notes to the Accounts

For the year ended 31 March 2025

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.

16

Age UK North Yorkshire Coast & Moors

Notes to the Accounts For the year ended 31 March 2025

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 Cash at bank and in hand

Cash at bank and in hand includes cash and any short-term deposit accounts with a maturity of three months or less from the date of opening.

2.10 Leases

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

2.11 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.

2.12 Taxation

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

17

Age UK North Yorkshire Coast & Moors

Notes to the Accounts

For the year ended 31 March 2025

3. Donations and Legacies

Donations
Legacies
Grants
Age UK England
National Lottery Community Fund
Government Grants
Other Grants		 Unrestricted
£
21,007
500
16,585
-
18,885
21,662
£ 78,639		 Restricted
£
485
-
36,000
185,416
75,269
61,646
£ 358,816		 2025
£
21,492
500
52,585
185,416
94,154
83,308
£ 437,455		 2024
£
4,195
-
52,750
196,826
273,869
14,201
£ 541,841

Restricted and donations income in 2024 from grants was £234,512.

Government grants were received to fund services provided to support elderly people in the area of operations.

4. Charitable Activities

Charitable Activities
Contracts
Other Income from Charitable Activities		 298,358
16,084
£ 314,442		 -
-
£ -		 298,358
16,084
£ 314,442		 334,609
14,294
£ 348,903

Restricted income in 2024 from charitable activites was £64,350.

5. Other Trading Activities

Other Trading Activities
Trading Subsidiary Income
Garden maintenance
Shop Income		 44,047
15,958
227,195
£ 287,200		 -
-
-
£ -		 44,047
15,958
227,195
£ 287,200		 52,348
-
152,272
£ 204,620

Restricted income from other trading activities in 2024 was £nil.

6. Investment Income

Deposit account interest £ 6,712 £ - £ 6,712 £ 10,127

Restricted income from investment income in 2024 was £nil.

7. Other Income

Rental income
Reimbursed salaries
Other income		 -
-
23,425
£ 23,425		 -
-
-
£ -		 -
-
23,425
£ 23,425		 416
16,394
3,616
£ 20,426

Restricted income from other income in 2024 was £nil.

18

Age UK North Yorkshire Coast & Moors

Notes to the Accounts

For the year ended 31 March 2025

Unrestricted
Restricted
2025
£
£
£
8. Other trading activities - costs
Staff costs
142,778
-
142,778
Direct shop costs
44,542
-
44,542
Property shop costs
48,564
-
48,564
Trading subsidiary costs - staff
26,714
-
26,714
Trading subsidiary costs - other
4,111
-
4,111
Other costs
2,353
-
2,353
£ 269,062
£ -
£ 269,062
Restricted expenditure from other trading activities in 2024 was £nil.
9. Charitable activities - costs
Staff costs
350,024
229,811
579,835
Recruitment and training
5,879
2,623
8,502
Activity direct costs
23,387
101,949
125,336
Property costs
47,931
1,600
49,531
Hire of plant and machinery
2,319
-
2,319
Motor and travel expenses
12,140
3,135
15,275
Other operational costs
41,681
14,009
55,690
Depreciation
3,032
28,770
31,802
Support costs (see below)
50,625
-
50,625
£ 537,018
£ 381,897
£ 918,915
Support costs
Staff costs
24,342
-
24,342
Professional & registration fees
15,353
-
15,353
Governance costs
- Trustee training
-
-
-
- Auditor's Fee
6,600
-
6,600
- Non-audit service Fees
4,330
-
4,330
£ 50,625
£ -
£ 50,625
Restricted expenditure from charitable activites in 2024 totalled £390,331 of which £552
costs.		 2024
£
87,532
23,496
45,507
51,622
11,122
1,910
£ 221,189
553,856
7,734
229,350
52,150
1,880
21,106
55,621
32,650
56,777
£ 1,011,124
23,634
25,316
27
5,400
2,400
was in support
£ 56,777

19

Age UK North Yorkshire Coast & Moors

Notes to the Accounts

For the year ended 31 March 2025

10. Staff Costs
Salaries
Social Security Costs
Pension Costs		 2025
£
670,624
52,197
12,863
£ 735,684		 2024
£
608,219
45,469
11,334
£ 665,022

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 £66,086 (2024 - £63,500).

The pension contributions were paid into a defined contribution scheme.

Number of employees

The full time equivalent number of staff as at 31 March 2025 was 28 (2024 - 28).

The average monthly number of employees during the year was as follows:
Full time
Part time		 2025
24
8
32		 2024
25
8
33

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 (2024: £nil).

No Trustees were reimbursed expenses for in the year (2024: none).

Other related party transactions

There were no other related party transactions for the year ended 31 March 2025 (2024: £nil).

20

Age UK North Yorkshire Coast & Moors

Notes to the Accounts For the year ended 31 March 2025

12. TANGIBLE FIXED ASSETS

Charity
Improvements
Fixtures,
to Leashold
Fittings and
Property
Equipment
Cost
£
£
At 1 April 2024
195,999
6,840
Additions
-
-
Disposals
-
-
At 31 March 2025
195,999
6,840
Depreciation
At 1 April 2024
133,000
4,280
Charge for year
28,000
2,560
Disposal in year
-
-
At 31 March 2025
161,000
6,840
Net Book Amounts At
31 March 2025
£ 34,999
£ -
31 March 2024
£ 62,999
£ 2,560
Consolidated
Cost
£
£
At 1 April 2024
195,999
6,840
Additions
-
-
Disposals
-
-
At 31 March 2025
195,999
6,840
Depreciation
At 1 April 2024
133,000
4,280
Charge for year
28,000
2,560
Disposal in year
-
-
At 31 March 2025
161,000
6,840
Net Book Amounts At
31 March 2025
£ 34,999
£ -
31 March 2024
£ 62,999
£ 2,560		 Motor
Vehicles
£
7,600
-
-
7,600
7,440
160
-
7,600
£ -
£ 160
£
7,600
-
-
7,600
7,440
160
-
7,600
£ -
£ 160		 Computer
Equipment
£
13,970
-
-
13,970
12,888
1,082
-
13,970
£ -
£ 1,082
£
16,640
-
(1,079)
15,561
14,597
1,480
(1,079)
14,998
£ 563
£ 2,043		 Total
£
224,409
-
-
224,409
157,608
31,802
-
189,410
£ 34,999
£ 66,801
£
227,079
-
(1,079)
226,000
159,317
32,200
(1,079)
190,438
£ 35,562
£ 67,762

21

Age UK North Yorkshire Coast & Moors

Notes to the Accounts For the year ended 31 March 2025

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 2025. No monies were donated to the charity in the year (2024 - 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
 2025
£
44,047
(26,994)
17,053
-
(3,831)
13,222
25,979
(45,280)
£ (19,301)		 2024
£
52,338
(57,016)
(4,678)
10
(5,728)
(£ 10,396)
8,187
(40,710)
(£ 32,523)
14. Debtors
Trade Debtors
Amounts owed from Subsidiary Undertaking
Accrued Income
Prepayments		 Charity
2025
£
9,626
42,609
46,834
3,041
£ 102,110		 Consolidated
2025
£
9,626
-
46,834
3,041
£ 59,501		 Charity
2024
£
-
39,482
73,531
17,708
£ 130,721		 Consolidated
2024
£
-
-
73,531
17,708
£ 91,239

22

Age UK North Yorkshire Coast & Moors

Notes to the Accounts For the year ended 31 March 2025

Charity
2025
£
15. CREDITORS: amounts falling due within one year
Trade creditors
14,767
Other taxes and social security costs
12,099
Accruals
10,951
Deferred income
-
Other creditors
2,402
£ 40,219
Deferred Income:
£
Deferred Income at 1 April 2024
15,000
Resources deferred in the year
-
Amounts released from the previous year
(15,000)
Deferred Income as at 31 March 2025
-		 Consolidated
2025
£
16,038
12,099
12,351
-
2,402
£ 42,890		 Charity
2024
£
37,577
12,674
11,326
15,000
-
£ 76,577		 Consolidated
2024
£
37,604
12,674
12,527
15,000
-
£ 77,805

16. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

due as follows:
Within one year
Between one and five years		 37,245
10,000
£ 47,245		 37,245
10,000
£ 47,245		 37,245
47,245
£ 84,490		 37,245
47,245
£ 84,490

23

Age UK North Yorkshire Coast & Moors

Notes to the Accounts For the year ended 31 March 2025

17. Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted
Funds
£
Fixed Assets
563
Current Assets
178,200
Current Liabilities
(42,890)
At 31 March 2024
£ 135,873
Unrestricted
Funds
£
Fixed Assets
3,993
Current Assets
255,855
Current Liabilities
(72,305)
At 31 March 2023
£ 187,543		 Restricted
Funds
£
34,999
50,903
-
£ 85,902
Restricted
Funds
£
63,769
94,706
(5,500)
£ 152,975		 2025
Total
Funds
£
35,562
229,103
(42,890)
£ 221,775
2024
Total
Funds
£
67,762
350,561
(77,805)
£ 340,518

18. Unrestricted funds - movement

Unrestricted Funds
Unrestricted Funds
Unrestricted Funds		 Balance at
01/04/24
£
£ 249,144
Balance at
01/04/23
£
£ 264,481		 Income
£
£
£ 710,418
Income
£
£
£ 827,055
£ (841,982)
Expenditure
Expenditure
£ (806,080)		 Transfers
£
£ (17,609)
Transfers
£
£ (410)		 Balance at
£
£ 135,873
31/03/25
Balance at
£
£ 249,144
31/03/24

24

Age UK North Yorkshire Coast & Moors

Notes to the Accounts

For the year ended 31 March 2025

19. Restricted funds - movement

Aberdeen walk
refurbishment
Cloth Works van
Digital Champions
Digital Inclusion Hub
Household Support
Independent Living
National lottery reaching
communities
SeeCHANGE
Sport England
Veteran support
White Goods Pilot
Aberdeen walk
refurbishment
Care Choice lead
Cloth Works van
Health and wellbeing
Multiply
National lottery healthier
communities
SeeCHANGE
Social prescribing
Van - Rural
Veteran support		 Balance at
01/04/24
£
63,664
105
-
-
-
14,243
13,362
-
-
-
£ 91,374
Balance at
01/04/23
£
91,872
-
1,355
1,011
-
-
13,235
51,064
15,896
8,000
-
£ 182,433		 Income
£
-
-
38,250
15,306
8,500
30,000
92,225
110,874
12,359
31,604
19,698
£ 358,816
Income
£
-
46,986
-
27,500
17,364
74,000
123,024
-
-
9,988
£ 298,862		 £
(28,665)
(105)
(36,228)
(15,306)
(8,500)
(15,000)
(106,468)
(141,845)
-
(15,082)
(14,698)
£ (381,897)
£
(28,208)
(46,986)
(1,250)
(28,909)
(17,364)
(72,992)
(160,726)
(15,896)
(8,000)
(10,000)
£ (390,331)
Expenditure
Expenditure		 Transfers
£
-
-
-
-
-
-
17,609
-
-
-
£ 17,609
Transfers
£
-
-
-
398
-
-
-
-
-
-
12
£ 410		 Balance at
£
34,999
-
2,022
-
-
15,000
-
-
12,359
16,522
5,000
31/03/25
£ 85,902
Balance at
£
63,664
-
105
-
-
-
14,243
13,362
-
-
-
31/03/24
£ 91,374

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.

Care Choice Lead - Funding received to cover the cost of a care choice lead.

25

Age UK North Yorkshire Coast & Moors

Notes to the Accounts For the year ended 31 March 2025

19. Restricted funds - movement

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

Digital Champions - Monies received from Age UK to identify digitally excluded older people and support them to use digitial technology to improve their quality of life.

Digital Inclusion Hub - Monies received to support the creation of a digital hub in Ramshill Road Household support - Monies received for the support for food poverty needs of the older people.

National lottery healthier communities - Monies recevied to improve health and welfare of older and vulnerable people via supporting the ageing well advice and support hub.

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 Veterans 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 and at bank
Total cash and cash equivalents
22. Analysis of changes in net debt
At
01/04/2024
£
Cash in hand and at bank
£ 259,322
Analysis of cash and cash equivalents		 2025
£
(118,743)
32,200
(6,712)
31,738
(34,915)
£ (96,432)
169,602
£ 169,602
Cash-flows
£
£ (89,720)		 2024
£
(106,396)
33,050
(10,127)
10,714
(24,153)
£ (96,912)
259,322
£ 259,322
At
31/03/2025
£
£ 169,602

26

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

Age UK North Yorkshire Coast & Moors

Detailed Income and Expenditure Analysis - Charity Only For the year ended 31 March 2025

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
Garden maintenenace
Shop income
Investment Income
Deposit account interest
Other Income
Rental income
Reimbursed salaries
Other income
Total Income		 £
£
21,492
500
52,585
185,416
94,154
83,308
437,455
298,358
16,084
314,442
15,958
227,195
243,153
6,712
6,712
-
-
23,425
23,425
1,025,187
2025		 £
£
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		 £
£
4,195
-
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
1,073,569

27

Age UK North Yorkshire Coast & Moors

Detailed Income and Expenditure Analysis - Charity Only For the year ended 31 March 2025

Expenditure
Other Trading Activities
Salaries
Rent
Rates
Heat and light
Direct shop costs
Insurance
Telephone
Charitable Activities
Salaries
Social security costs
Pension costs
Staff and volunteer 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 training
Auditors fee
Non-audit service fees
Total Expenditure
Net Expenditure		 £
£
142,778
36,021
459
10,763
44,542
1,321
2,353
238,237
503,504
52,197
12,863
11,271
31,128
2,319
17,174
391
6,174
16,254
9,538
2,247
13,028
8,290
34,937
8,481
94,208
8,502
3,983
31,801
868,290
24,342
15,353
-
6,600
4,330
50,625
1,157,152
£ (131,965)
2025		 £
£
87,532
27,135
765
16,370
23,496
1,237
1,910
158,445
497,054
45,468
11,334
0
3,790
1,880
18,000
513
9,692
12,340
11,605
3,219
17,887
6,072
35,68�
1,222
229,350
7,734
8,856
32,650
954,34�
23,634
25,316
27
5,400
2,400
56,777
1,169,5��
£ (96,00�)
2024		 £
£
87,532
27,135
765
16,370
23,496
1,237
1,910
158,445
497,054
45,468
11,334
0
3,790
1,880
18,000
513
9,692
12,340
11,605
3,219
17,887
6,072
35,68�
1,222
229,350
7,734
8,856
32,650
954,34�
23,634
25,316
27
5,400
2,400
56,777
1,169,5��
£ (96,00�)
2024
1,169,5��
£ (96,00�)

28