Charity roglstration number 1144123 (England and Wales) Company registratlon numbèr 07759461 AGE UK BARNSLEY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 AGE UK BARNSLEY LEGALAND ADMINISTRATIVE INFORMATION Trustees R Frost - Treasurer P Markham P Watters - Chair Senlor Managoment C Wilh8rSnglon - Chl8f Executive Officer D J Bunn - Chief Executive Officer (Appointed 2 0ecemb&r 20241 (Resigned 31 March 2024) Charlty numb•r 1144123 Company numbèr 07759461 Reglstarod office Age UK Barnsley Resourc8 Contro 36a Que8ns Road 8arnsl8y Soulh Yorkshire England S71 1AR Audltor BK Plus Audil Limited 52 Sl Johns Lane Halifax Wesl Yorkshire England HX12BW Bankers Virgin Money 1A Peel SquaTe Barnsley S70 2PL Solicltors Newman & Bond The Old Grammar School 35 Church Slre8t Barnsley S70 2AP AGE UK BARNSLEY CONTENTS Page Trustees, report Independent audilofs report 8-11 Slatemenl of linancial activities 12-13 Balance sheet 14 stalem8nl ol cash flows 15 Notes lo the flnancial slatem&nls 16-35 AGE UK BARNSLEY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present their annual rèport and financial slalemenls for the year ended 31 March 2024. The flnancial statements have been prepared in accordance with the accounting pDllcl95 sel out in nole 1 to the rinan¢lal slalem8nls and comply with Ihe charilws gov8Tning document, the Companies Act 2006, FRS 102 'fhe Fin3n¢lal Reportlng Standard applicable in the UK and Republic of Ireland" and Ihe Charllies SORP "Accounting and Reporting by Charities.. Statement of ReGommÈnded Practice applicable lo charilies preparing their accounts In accordance wllh the Flnanclal Reporting Stand8rd applicable In the UK and Republic of Ireland IFRS 1021" Objectlves and actlvlllgs Age UK Barnsley 8ims lo promote the wellbeing. Independence, dignity, choice and incluslon of older people In and around Barnsley. In particular those who are disadvantsged Ihrough ill-heallh, disabilily. poverty or social exclusion. The obiecls of Ihe ¢harlly, as sel out in the Articles of Assoclalion. and lo whlch 11 is specifically restrlcled are to promote the followlng purposes lor the ben8fl1 of the publish andlor okler people In and afound the Melropolilan Bofough of Bainsley, Souih Yorkshire I'the area of benefil")-. Preventing or rellevlng the poverly of older people Advanclng education Prevenllng or relleving sicknèss, dlsease or sufferlng in older people (whether emotion81, ment81 or physicall Promoling equality and dlversity Asslslin9 older people in need by reasons of ill health. disabl￿ty. financial hardshlp, swi81 excluslon or other dSsadvanlage,' and Such other chailtgble purposes for the benefit of older people al Ihe Trust88s may from lime to lime decide The outcome of this bein9 Ihe promotion of the well-belng of older people. The next secllon wlll show brielly how the different sekvi¢es have fared during the lasl year. Shops. Town Centr8. Cudworth and Wombwell. Our shops should rai3e much needed funds that support us lo provide seNices and to lund our Infraslruclure. All health and safoty requirements within OUT shop premises were maintained and up to dale and continue lo do so, Age UK Barnslèy ¢xpressed sadness al the clo¥ure of thwr Wombwell shop in January 2024 duè lo seveTal factors making11 unsustainable. Rising rent and utility costs. coupled with reduced footf811 in the area, mudè11 increasingly challenging to mainlaln operations. We appre¢ialed the support Irom the communily, volunteers and slaff, offering alte¥nallve localiolls lo continue wllh their role at Age UK Bamsley. Access Barnsloy has been open to enable people lo collecl moblllty scooters and whe8l¢halrs. Our Eldon Stro81 shop has played a cruclal rolg In supporting our ts¥o olher localions, Cudworth and Wornbwell. In the first two qU8tleTS 012023, we experienced a decline in donallons across all Ihree shops. However, slnce Ihe hlring of our Income geneialion manager in October 23, we have seen a signifitanl Increase In donations. Thls h38 allowed the Eldon Slreel shop lo dlslfibule exces$ stock lo other lo¢alions. While this offort wasn't enough to sustain our Wombwell store. il has conlribuled to Ihe Ihriving success of our Cudworth shop. AGE UK BARNSLEY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Information & Advl¢e Servlce The Inlormalion and Advice Service (I&A} is an accredited seNice holding both Ihe Age UK Information and Advlce Quality Standard and the Natlonal Advlce Qualily S18ndard. This year, Ihe service conlinued lo encourage appointments by lelephone or onllno to try and meet the in¢reas8d demand. However, visi15 to people al home have been provided wherever necessary and Ihe servi¢e has seen an Increase to these home vlsils. In the lasl year, the Information and Advlce Servlee has bean dellvered by a part-lime Manager, a parl-lime Deputy Manager was also appointed In March 2023, three part lime Advlce Officers, a part-tim& Iralnee Advisor and two voluni8ers. This SeNice Is free to those people Ihal use It. dèmand has fluctuated bul there has been a steady increase lowards the end of the financial year whl¢h Is continulng into 2024 - 2025. Warm Homes Advl$ors Durlng 2023-24 we ¢ontinued to dellver our Waim Homes Checks {Sepl 23 - March 24). A total 01259 warm homes vlslls and equipment were supplied Ifee of charge. lunded thiough ellher the Agè UK Warm Homes programme 165 and a lurth8T 94 were funded through th8 Household Support Grant from BM8C. Thls Is a popular servlce and has supported the58 households to make beller use ol Iheir heallng 8y$tèm$ as well as fltting i18ms of Insulallon equlpmenl to prevont draughls and reduce hèat loss. Benefit gaSns ol £1.900,000 wore made for oldor poople In Barnsley Total Eslimaled benefil gains for 23124 were £1,900,IXg0 compared to £q.226,380 for 22123 a 54Yo Increase. We have adV￿sed and worked with 2269 cllenls durlng 23124 (5423 client ￿ntactS) 8 6 ./• inGrea59 on 22123 figure of 2140 clients. Y8aT on year w8 have seen a signiflcanl increase in l & A service demand due lo the continuing C05t ol living cri8is. Although we do try and promote telephone appointmenls for benefit work wheiever possible, we are sèèlng an Increase In demand for home vlsits, whlch Impacts on our waillng Ilsl for appolntments, Telephone appointm8nls are encouraged wherever possiblè as Ihis allows us lo assist more clients and at a quickèr pace. Handypèrson & Gard&nlng Serrfic•s In March 2023 we also devgloped a charged for servlce lor gardèning and handyperson dulles. The board reslrlcted a notional £10,000 for 2023124 to ensure the success ol this new devalopm6nl whlch was a r8sull ol the number ol enquiries for support we were receivlng from older people unable to secure a piovider for small garden lobs that was reliable and reasonably priced. Fundlng lor thèse servlces is conslstenlly challenglng to flnd and nearly always a short-tem olfer. AGE UK BARNSLEY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2024 Ellzabelh Actlvlty Centrg Thg Cenlfe offèrs a day care Sorvice aimed primarily al older people who have a 'crlti¢o1 or subslanlial, level of need, The alm of the centré is to improve qu81ity of life, reduce isolation. promote wellbelng and offer respite to carers. Cll&nls Can be funded lully or partly by Adult Social care or be self-lunded {prtvale clients). Dunng Ihis period Ihé Centre received an average of 11 clients daity and was staffed by lull lime c8nlre manager. part tlme deputy m8nag8r I full-timè ¢arer and 1 parl-lime carer. The cenlre. after the relurblshmenl had a relaunch al Ihe end olApril 2023. Improvements lo the car parklbus drop off area were completed. A decked outdoor area with seallng and gardenlng opportunitles was completèd In Sepiember 2023. In February 2024 the ¢enlie supported Maintenance Cognilive Stlmulallon Therapy Sesslons {24 week programme>, whlch was followed up stssions by Barnsley Memory Servlce. 8oclal In¢luslon S¢rvlces- Communlty Provlslon Age UK Bamslgy hav8 been dellveiing Communily based Soclal Inclusion Servlces In the North, North E8$1, Penlston8, Central and South Areas ol 8amsley. The58 5 Projecls all operate on an Indlvidual basis providlng area specific support that in¢lud8s one lo one suppori, groups and oclivilies, events and community development In each local ai&a. We wanl lo thank the Area Councils for commissloning these servlces thal make such a difference in Ihe livès of older people In Ihelr communitles, Thèy have glven us the flexiblllly to support older people in a ¢han9lng envlronm8nt. The Area Teams h8V8 been incredibly supportive right across the yeai again. Wo are also exlremely grateful lo all Ihè local businesses that havè provlded us wllh goods and In-kind serv1¢6s that have enab5ed us lo achieve so much over this year. Affordabl• ShoppSn9 Age UK Barnsley's affordable shopping seNice continues to Nn using some addillonal funding lo support Ihé service. The servlGe ¢ons1518 of three separate elemenls to ensure Ihal the sèNlce meets indivldual needs and Is nol a on& size fits all solulltsn. We ealllvisll for 8 6hopplng lisl and do Ihe shopplng, whlch Is then dellvered lo Ihe home and, wher& needed, pul away in people cupboards. Collect an indlvidual and lake them shopping lo one venue of Ihelr choice for up lo an hour each Ilmo and support them hovne wllh thelr purchases. Support an indivldual to shop on-line. working wlh Ihem lo overcomo the challenge5 and fears of digital inclusion until they feel ready lo access these seNi¢es on their own. This service is an extremely valued seNice that has more Ihan doubled Ils dient3 In Ihe18s1 year. Age UK Barn$lgy hope to secure addilional funding lo ensu￿ this service continues. AGE UK BARNSLEY TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Barnsley Older Peoples Phy$lcal Actlvity Alllance (BOPPAA) Following Age UK Barnslevs delivery of the Barnsloy Older People Physical AGlivity Alliance (BOPPAAI pilol PTole¢l from OGlober 2021. In December 2023 8arn$18y Council's cabinet members 8pproved plans to contraci 8 provlder lo ¢onlinue growln9 the Alllance over the nexl three years to build on the success of the BOPPAA pllol prolect, Following a Barnslèy Counc51 procuTement procÈ8s which look plac8 over January and February 2024, In March Age UK Barnsley was pleased to announce that the charity will contlnue lo18ad Ihe BOPPAA over the next three years. Age UK Bamsley wishes lo thank all our valued partners across thè BOPPAA lor the pari they played In the delivery of the BOPPAA pllol project and looks foNard to conllnuing to work with partners Ihroughout thè next phase of delivery ol the BOPPAA. Age UK Barnsley wlll continue lo lead the 70+ NHS. privale, pubfic and thlrd sector organIs811ons Involved In Ihe BOPPAA in thelr collaboralive efforts lo Increase the provislon of physical aclivlly progiammes Ihal wlll Improve Ihe slrenglh and balance ol older people150+) across Barnsley over th6 nexl three years. Malntènanco Cognltlve Stlmulatlon Therapy {MCST) Age UK B8rnsley have dellvered two 24 week sesslons ol MCST to two cohorts of people experlenclng low level memory problems. Onè In Penistone and one in Central Barnsley. These have bggn Ilnked through the Demgnlia and Me group and lunding has beon located lo provide a further group session In the South area for 2023 - 2024. Thls actlvity has had really positive outCOm85 for those attending In tems of wellbeing and m6n181 health jusl from Ihe soclal and fun ol the odivilies Snvolved. There are proven addllional ￿￿0[115 in preventing cognitlv9 abilities, Voluntaarlng Over the year we have had 147 active formal volunteers Ihat gave thèlr tlm8 to support all the activities of Age UK Barnsl8y. In addition, many more people have been mi¢ro-volunleers. l.•. informal volunteers who offer thèlr Ilme and skllls on an ad hoc basls. We cèlebraled Volunl8ers W88k In 2023 by holding a celebralion event at our Ellzab81h Aclivity Cenlre, provlding lunch and awafds. Age UK Barnsley would not be able lo funclton wilhoul Ihe commilment and hard work of Its volunteers. Whatever role our volunteers take on whether11 Is dlreclly In services or In thè shops that fund the seNlces, they are maklng a masslve difference In Ihe lives ol older people in the Bamsley area. Durlng Ihls ye8r the charity has conlinue (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Resewes poliGy It 19 the policy ol the charily to malntain free reseNes at a level whlch al least equates lo approxlmately thre8 months unreslrlcled expendllufe currenlty estimated lo be £190.1)00. Free reserve5 are defined as lolal unreslricled lunds less those attribulable lo fixed assets and any specifically deslgnaled for a particular purpose by the Iiuslees. This Is lo provSde a contingency fund for exceptional 01 LFnexpecled expenditure, provide working capltal for cash flow purposes, and provlde funds for investment and development In pflority areas for Age UK Bamsley. Free reserv6s for the year amounted to £123,498 (2023.. £25B,1711. M8jor risks The Board of Trusl8es Identifies and regularly reviews major risks lo whkh the charlly Is exposed and ensures Ihal systems are In p18ce to miligale and manage such fisks. The organlsallon has CHAS IConlra¢lors Health and Saletyl a¢¢redilatlon and has completed risk assessments In all key areas. including fire safety, health and safely, food hygiene and Infection conlrol. Rlsk assessments are carrled out lor all 8clivitie$ and servlce8 lor older people, and all servlces slaff receive training In 8afeguaiding. Where risks havè been Identified. aclion has bèen takèn to minimlse them. Comprehenslve insurance Gover has been taken out for all argas ol aclivily which is reviewed annually. We still maintain Ihe Age UK Charity Quallty Standard which is Independ8nlly 8SS8ssed by SGS. In addition we hold the Age UK Infofmalion and Advlce Qu81ity Stand8rd and the National Advlce Quality Standaid. Like many Ioc81 charlll8S, the main risks facing Agé UK Bamsley relale lo the potential for not achlevlng Inuome largel$, elther through loss of ¢onlra¢ls or a ￿dUCtI0Th in grants. The Iruslees have ex8mlned thé major $trale9ic, bu5Iness and operatlonal risk5 whlch the charlty faces and confirm that systems have been established lo enable regular reports to b8 produced so Ihal necessary steps can be laken lo lessen Ihese risks. The Past and th• Future The past year has Seen a number of changes al Age UK Barnsley wlth a new management team and reslruclure Ihal allows for succ98s1on plannlng, greater staff and volunteer care and support and many new prol¢¢l$, inilialives and servloes. We have beeome even more Innovative in deliverlng services throughout changing regulation8 and Indlvldual and communlly needs. Wè have learnl that Barnsley has many exlremely generous gnd helplul businesses. agencles and people who were supportlng us through donations of goods, money, and lime. We know th81 w& have an amazing team of stsff and volunteefs thal Is absolutely committed lo supporting Barnsley's older p8opIg. Our reputation as a 'caTr do, will do, organisati¢)n Is going from strength lo strength and OUT ¢hallenge now is lo ensure Ihat as an organisation we can maintain the 51ru¢lure, professlonalism, up lo dale and fit for purpose pollcies & procedures. a qualified and trained team of staff supported and rewarded for the work that they do. Structurè, governance and managemont The Charity was established in 2011 as a company limited by guarantee with charitable status. On 2 Apfil 2012 it acquired the enlire assels and undgrtaking5 of Age Concern Barnsley, a charity eslablished as 8n unincorporated associallon in 1974. The goveming document under which the charity operates Is the Age UK England Standard Three conslilulion and the company memofandum and atlicles of as50cialion. Age UK Barnsley is a Brand Partner of Age UK however il remains an Independent autonomous local ¢harity. AGE UK BARNSLEY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tha truslees, who are also the direclors for the purpose of company law. and who s&￿ed during the year and up to the dale of signature of the financial slalemenls were.. R Frost - Treasurer P Markham P Watters- Chair S Savage N Shigglns {Resigned 30 Seplgmber 20241 (Appoinled 25 July 2023 and re61gned 29 September 2024) Recruilmenl and appoinlmenl ol trustees Under Ihe terms of the Memorandum and Articles of Association tfuslÈes may serve for a perbd of thr8e years, lollowing whlch they musl be re*lecled by Ihe membershlp. OlheT than Ihal, there Is no lirnSt lo the lenglh of Ilme a person may serve 85 a Iruslee. The chair of the charily. however. is limlted lo a maximum of iwo terms of IhTee years. Due lo the nature of113 work and a commllment lo the central Involvemenl of older people in all Ils aclivltles the chailty welcomes the subslanlial Involvement of older people in this, the policy and de¢l$lon-maklng body of Ihe charlty. As vacancles 8ris6 on th8 Board of Trustees Ihe charlty end6avours lo attract nomlnallons to replace the resulllng lost areas of expertSse and, where appropriale, 8ccommodale newly Id8nlKied importanl areas of knowledge andlor experignce absenl Irom the ieam. One permanent advisor s81 on the Board Ihroughoul the yèar. Section 23.3 of the Artlcles ol Association awards thal the Board may appoint persons to fill any ¢asual vacan¢ies for Honorary Officers which occur during th6 year, such appolntmenls to lefminale at th6 conclusion of the Annual General Meeling next following. Organlsallonal slruclure Age UK Barnsley is a company Ilmi18d by guaranlee wllh charitabl& Slatus, 8 reglstered Charily, a brand partner of Age UK and a member of the Age England Ag$oclalion. Age UK Barnsley has a Board of DlrecloTS consisting of Iwstees. a Treasurer and a Chair. The trustees m8•1 frvery Ihree months and are respon51ble for the slralegic direction, pollcy and effe¢live governance of the charity. rhe Chair and Treasurer have remalned In close conlacl wth the Senior M8nagemenl Team Ihroughoul Ihe year. A $¢hemg of delegallon Is in place and the day io day responsibllity for Ihe runnlng of the charSly and the 58rvlces It provld8s resl wilh the Chlef Executive Officer. Inductlon and Irainlng of Iruslees New tiuslees receive a full induction into their role, Ihe history. present opprallon and futur8 plans of Age UK Barnsley and the ielalionship wilh Age UK. Llleratvre suppll¢d and explalned during Ihe induction progTamme Includes.. the Chailty Commisslon Guide - The Essenll81 TTUSt88, the governing document. th8 annual revlew. a copy of th? audited acGounls, the slr8leglc plan, the agreed Income and expenditure budgets. staff list and organisalional slruclure, sels of most recenl mlnules, contact detalls of fellow trustees, staff handbook and full set of policl&s and procedures and the volunteers handbook. Trustees are encouiaged lo visil Ihe charily s various operallons to meet the slaff and Se￿ICe users and galn a better underslandlng ol the work ol the charity. AGE UK BARNSLEY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statemènt of trustees. responslbllitl05 The Iruslees {who are also directors of Age UK Barnsley for the purposes of company law) are responsible for preparSng the Trustees, Annual Report and the financial stalemenls In eccordance with applicable law and Unlted Kingdom Accounting Sland8rds (United Kingdom Generally Accepled Accounting Praclice). Company law requires Ihe Iruslees to prepare financial slalemenls for each financial year, which giv6 a trLte and lair view of the slate of affalrs of the charilable company and of Ihe incomlng resources and applicallon of resources, includlng the income and expenditure. of the charitxble company (or that period. In prepaiin9 these financlal slatemenls. Ihe Iru5tees ar6 requlied to.- select suitable accounting policies and then apply them conslslonlly., observe the methods and principles in the Charities SORP., make judgemenls and estimates that are reasonable and prudent; slate whelher appliGable UK Accountlng Standards have been followed, svbjecl lo any matèrial departure5 disclosed and expl8lned in the financial st8temenl5: prepare the linanclal slalernents on Ihe goin9 concem basis unle85 il Is inappropriate to presume that the charitabl& company wlll ¢ontinu8 in op8ralion. The trustees are responsible for keeplng ad&quale accounting records that disclose wllh reasonable accuracy at any Ilme thè flnanclal poslllon of Ihe charllable company and enabl8 thèm to ensure that Ihe financial stal8menls comply wllh Ihe Companies A¢1 2006. They arè also responslbl& for safèguarding the 8ss81s of the charllable company and hencè for t8king reasonable steps lor the prevenllon 8nd detecllon of Iraud and olher Irregulaillles. The Iruste8S are responsible for the maintenance and Snlegrity ol the ￿rpOrate and financlal Information Includèd on the charitable Company's webslte. In 60 lar as the Ifuslees are aware.. ther8 Is no relevant audit Infomialion ol whlch tho charilable company's auditors arg unaware., and thè trustees have laken all steps that they ought lo have laken to make themselves aware of any r8lev8nl audil Informallon and to eslablish that the audilors 8re aware of that infomi81ion. The Iruslees consider they have Complled wlth Charitles A¢1 2011 havlng due regard lo the public bongflt guidanc8 published by th6 Charities Commlssion. The lees. repori was epproved by the Board of Trustees. R Fros Trustee - Treasurer 17 December 2024 AGE UK BARNSLEY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF AGE UK BARNSLEY Opinion We have audlled the financial statements of Age UK Barnsley (the 'charity'} for th& year end9d 31 March 2024 which Gomprlse the slalement of financial aclivilies, the balance sheet, the stslemenl of cash flows and notes to the rinancial statements, including signlff¢8nt accounling policies. The financial reporting framework Ihat has been 9pplled In thelr preparation Is applicable law and United Kingdom A¢counling Standards, Including Flnancial Reportlng Standard 102 The Financial Reporting Standard 8pplicabl8 In the UK and Republic ol Ireland (Unlted Kingdom Generally Accepted Accounting Practice). In Ouf opinion, the finan¢ial statements.. glve a true and fair view of the stale of Ihe charitabl8 company's affairs as at 31 March 2024 and of Ils Incomlng resources and appllcallon of Tesour¢es, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounling Pra¢lice; end have been wepar8d in ac¢ordance wf(h the requlrements of the Companles Act 2006. Ba$1$ foroplnion We conducted our audlt In accordance with Inlernalional Slandards on Audillng (UK) {ISAs IUKI) and applicable law. Our responslblllties under those standards are lurther described in the Audilorfs responslbllities for the audil of Ihe fin8nc181518Èem8nts section of our report. We are independent of the charlty In accordance with the 81hlcal requlremenls that ar8 relevant lo our audit of the financial slalemenls In the UK, Includlng the FRC'S Elhical Standard, and we have fulfllled our other 6lhical responsibilities In accordan￿ with Ihese requlremènts. We belleve that Ihe audit evldence we have obtained is sufficient and appropriate lo provlde a basls for our oplnlon. Conclu51ons relatlng to golng ¢oncein In audillng the financlal slatemenls, we have concluded Ihal the trustees, use of the going con¢efn basls of a¢counling in the preparation of the financial slatemenls is approprlalè. Based on the work we have performed, we have not id6nisfied any material uncertalnlles relallng to events QT condilions Ihat, Indivldually or colleclively, may cast slgnificanl doubt on Ihe charity's ablllly lo conllnue as a golng concern for a period ol at le8St twelve monlhs from when Ihe Ilnancial 61atgmenls aro authorised Issue. Our responsibilllies and the responslblllties of the trusloes wllh respect to golng concein are described in the relevant sectlons of Ihis reporl. Other Informatlon The olher Inlormatlon comprlses the InformatSon included in Ihe annual rèport other Ihan the financial statements and our audilor's reporl thereon. The Irust88s are responsible for the other information ¢onlalned within the annual report. Our opinlon on the financial slalemenls does not cover the other information and we do not express any form of assurance conclusion Ihereon. Our rèsponsibility is lo read the other inlormalion and, In doin9 so, consider whether the Other Info￿natiOn is materially incon51Stenl with Ihe fin8ncial slalemEnls or our knowledge oblained in the course of Ihe audit, or olherwise appears to be mateTially misslaled. If we identify SUGh material inconsislencie5 or apparent malerial mis8talem8nls, we a￿ required lo delermine whelhor this give5 rise lo a material misstatement in the financial $18lements themselve5. If, based on the work we have performed. we conclude that IheTe 15 8 material misslalement ol Ihis other inloTmalion, we are required lo report thal lacl. We have nothing lo report In this regard. Matters on whl¢h we are requlred to report by exc•ptlon We have nothing lo report in respect of Ihe following mallers in relation lo which Ihe Charities {A¢oounls and Reports) Re9ulalions 2008 requires us lo report Io yotj if, in our opinlon.. the infomiation glven in the finanGlal stalemenls is inconsislenl In any material respect wilh the trustees, report- or sufflcienl ?ccounling reGords have not been kept.. or the Ilnanclal slalemenls are not in agreement wllh the accounllng records: or we have nDI received all the Fnformation and explanalions we require for our audit. AGE UK BARNSLEY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF AGE UK BARNSLEY Responslbllllies ol trust¢ès As explainod more fully in the slalemenl of Irustees, re5ponslbililies. the Iruslees. who are also the directors of the charily for the purpose of company law, are responsible for the preparallon ol the financial statements and lor being sallsfied Ihat they give a tru8 and fair view. and for such Inlernal conlrol as Ihe Iruslee5 determine Is necessary to enable the preparatlon ol financial s18lements Ihal are free Irom malerfal misslatemenl. whether due to fraud or efror. In prepering the financial slalemenls, the trustees are responsible for assessing the charity's abillty to conllnue as a going concern, disclosing. as 8pplicabl8, matters relaled lo going concem and using tho golng concern basis of accounting unless the trustees either Inlend lo liquidale the charllable company or lo cease operations, or have no realistic allernalive bul lo do so. Audltor's respon$lbllltl¢s lor the audlt of Iho tinanclal statements We have been appoinled as audilor under s¢¢lion 144 of the Charilies Act 2011 and report In accordancè wlth the Act and relevant regulations made or havlng off￿1 thereundgr, Our oblecliv85 are to obtain reasonable assurance about vthether Ihe finan¢ig1 slalemenls as a whole afe free from material misslalemenl, whether due lo Iraud or èrror, and to issue an auditors rèport th81 includes our oplnlon. Reasonable assurance Is o high level of assurance but Is not È guarantee that an audit Conducted In accordance wllh ISAS (UK) wlll always delecl a materlal misslalemenl when 11 èxists. Misslatemants can arSse Irom fiaud OT error and are considered malerial If. Indivldually or In Ihe aggregate. they could re3sonably be expeeléd to Influence the econom1¢ decislons of users taken on Ihe basis of Ihese flnanclal slalemenls. The extent to whlch our Procedures are capable of delecllng Irregularltles, Indudlng fraud, Is delalled below. A furth8r description of our responslblliti8s Is avallable on th8 Flnanclal Reportlng Councif$ website at: https.'Il www.frc.org.uhjaudilorsresponslbillties. Thls descrlplion forms part of our audilof8 report. AGE UK BARNSLEY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF AGE UK BARNSLEY other matters Our approach lo Identifying and assessing the risks ol material misslatemenl in respect of irregulaFltles, Including fraud and non4ompliance with laws and regulations. was as follows= The engagement partner ensured tbal the engagempnl team collectively had the appropriale ¢ompelènce, capabilitie5 and skills to Identify or recognise non-compliance with applicable laws and re9ulallons', We Identified the laws and regul81ions applicable lo the company IhTough discussions with directors and other managèm8nl, and Irom our commèrdal knowlèdg8 and experlence ol Ihe industry seclor,. We focused on speclfic laws and regulallons whlch wg consldered may hav& a direGI materlal eff8cl on the financial slalemenls or lh9 operations ol the company. Includlng the Companies AGI 2006, taxallon legislation and data prolection. anli-bribery, employment, envlronmenlal and health and safely leglslalion. We assessed the extent of ¢omplianGe with the laws and regulations idenlSfled above Ihrough making enqulrles of managem8nt and Inspectlng legal Co￿eSpOndence. and Ensured laws and regulallons wgre communicated wilhln the audit team regularly and Ihe team remalned alèrt to Instances of non.compliance thioughoul the audit. We esses5ed tho suscepiibilily of the company's financial statemenls to mglerial mlsstgtement. including oblainlng an underslanding of how fraud mlghl occur, by-. Maklng enquiri89 01 management as lo whore they consldered there was a su5cepllblllty to fraud, thelr knowlèdge of actual, suspected and alleged fraud: Considerlng the Internal controls In place lo mltigate rlsks of fraud and non-compliance wilh laws and regulallons., and Und8r8tandlng the design of the Company's remun8ration pollclgs, To address the rfsk of fraud through management bias and override of controls. we,. Performod analytlcèl procedures lo Identify any unusu81 or unexpected r8lallonshlps', T8Sted Journal entries lo Idenlify unusual Iransacllons Assessed whether ludgemenls and assumptions made in determining Ihe accounllng esllmales sel out In notp 2 were Indicalive of polenlial blas. and lnvg5119ated Ihe rationale behind slgnificanl or unusual Iransadlons. In response to the rlsks of Irregularllies and non-compliance with laws and regulations. we deslgned procedures whlch Included. bul were not limlted lo: Agreeing financial stalement disclosures lo undeFlying supportlng documgnlation., Readlng the mlnutes of meellngs of those charged with governan¢e; Enquiring of management as to actual and potential litlgalion and claims,. and Reviewing correspondence with HMRC. relevant regulatois and the company's legal advlsors. There are Inherernl limilalions in our audit procedures describèd above. The more removed that laws and regulallons are from the financial Iransaclions. the less likely It is that we would beGome awar8 ol non-complian¢e. Audlllng standards also limit the audit procedures rèquired lo identify non-compllance wilh laws and regulat￿on6 lo enqulry of the directors and other management and the inspeclion of regulatory and legal correspondence, if any. Malerlal mlsstalemenls thal arise due lo fraud Can be harder lo detecl than those that arise from error as they may involve dellberate Concealment or collusion. 10- AGE UK BARNSLEY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF AGE UK BARNSLEY Use of our report This report is made solely lo Ihe chafity's tnjstees. as a body, In accordance wilh Parl 4 of the ChaTilies {Accountg and Reports) Regulblions 2008. Our audll work has been undertaken so Ihal we might stale lo the charily's Iruslees Ihose mallers we are required to slate to Ihem in an audilor's report and for no other purpose. To the fullest extenl permilted by law, we do not a¢cepl or assume responsibllity to anyone other Ihan Ihe charity and the charity's Iruslees as a body, for our audit work. for this report. or for Ihe oplnlons we have lomed. Vlctorla Atkinson FCA Isonlor Statutory Auditor) For and on bohalf ol BK Plus Audit Llmited. Statutory Audltor Chartered Certlfled Accountanl 52 Sl Johns Lane Halllax West Yorkshire HX12BW England DaIe.',.11.D.e.c¢*￿ o( 202V BK Plus Audll Llmlted Is ellglble for appointrngnt as audltor of the charity by virtue of ils ellglbility for appolnlm8nl 05 auditor of a Company under se¢llon 1212 01 the Compan18$ Act 2006. 11 AGE UK BARNSLEY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unreslricted Restricted funds funds 2024 2024 Tolal Unrgstrlcted Rostrlcted funds fund5 2023 2023 Total 2024 2023 Notss Income from: Donalions and legacies ble So¢lal Incluslon Suslainablllly Health & W8llbeing Day Care Core Information & Advice Olher 158.508 176.633 335,141 78,978 162.415 241,393 273.530 91 273,621 4,080 241,315 15.831 408,030 245,395 15.831 408,030 112,015 18,376 40,482 27,277 29,356 135,747 5,287 112 26.829 307,962 337,318 135,747 5.287 28,912 26,829 112,015 18,376 28,800 40,482 27,277 Olhef trading acllvilie5 Investments 272,787 28,120 272,787 28,120 265,614 11,047 265,614 11,047 Total Incom• 930.276 513,486 1.443.762 490,110 895,350 1,385,460 Expendllure on: Ral$ing fund$ Charllable acllvllles So¢lal Inclusion Suslainabllily Health & Wellbeing Day Care Cole Informallon & Advlce other 210,024 210,024 208,382 208,382 285,656 52,379 30,133 329.677 338.035 30.133 3S9.033 103.479 148.477 170.671 83.411 349,493 64,741 356,888 349,493 64,741 356,888 75,474 94,893 79,850 48,989 29,356 103,479 148.477 39,570 33,872 75,474 75.514 35.893 19,379 43,957 48,989 131,101 49.539 Total charllable expendltL+T? 640,410 592,829 1.233,239 186,881 883,447 1,070.328 Tolal expendlturo 850,434 592,829 1.443,263 395,263 883,447 1,278,710 Net Incomel(exp*ndlturo) 79,842 (79.343) 499 94,847 11,903 106,750 Transfers between funds 8,345 (8.3451 Net movoment in funds 88,187 (87.688) 499 94,847 11,903 106,750 Réconclllation of funds: Fund balances al 1 April 2023 617.044 263,177 880.221 522,197 251,274 773.471 Fund balanres at 31 March 2024 705,231 175,489 880,720 617,044 263,177 880,221 12- AGE UK BARNSLEY STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 The slalemenl of linancial activities include3 all gains and losses recognised in the year. All income and expenditure derive from continuing aclivities. 13- AGE UK BARNSLEY BALANCE SHEET AS AT31 MARCH 2024 2024 2023 hlotes Flxed as$et$ Tangible assets Investments 12 13 381.730 358,870 381.733 358,873 Current ass•tG Stocks Deblois Cash at bank and in hano 14 15 3,752 50,684 813,576 144,039 478,566 622.605 868,012 Cradltors: amounts falllng du• wlthln one year 16 1123.618) (346,664) Net Current asset6 498.987 521,348 Total assfjts l•ss current Ilabllllles 880.720 880,221 Th• funds of th• ¢harlty Reslricled income lunds Unreslrlcled funds 18 19 175,489 705.231 263,177 617,044 880,720 880,221 The company Is enlllled lo the &x8mplion from the eudll requlremenl cont8ln8d In secllon 477 of tha Companles A¢1 2006, for the year ended 31 March 2024. although an audit has be•n Carrled out under $8¢llon 144 of Ihe Charllles Ac12011, The dlre¢lors acknowlèdge their responslbllilies for complying with the requlremenls of the Companigs Acl 2006 wllh respect to accounllng records and the preparation of financlal slatemenls. The mernbefs have not requlred th8 company to oblaln an audil of Ils financlal slat8menls under the requlrements of th8 Companles Acl 2006, for the year In qu85tion In accordance wlth section 476. Those flnanelal stalemenls have be8n prepared In a¢￿[dance wilh the provlsions applicable lo companles sublect lo the small companles fegime. Th• financial slalements were approved by the InJstee5 on 17 December 2024 R Frost- Treasurer Trustfre Comp8ny registration number 07759461 (England and W8les) 14- AGE UK BARNSLEY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notos ash flows from operating actlvltles Cash {absorbed byvgeneralèd from operations 24 1316,753> 306,448 Investing activltie5 Purchase of tangible fixed assets Inveslment inGome received {46.377} 28,120 154.470) 11,047 Net cash usod In Inve$tlng activltlfrs {18,257) 143,423) Net cash g•nerat•d from flnanclng actlvltlos Net Idecroasellin¢roase In Cash and cash •qulYal•nt8 (335,010) 263,025 Cash and cash equlv8lents al beginnlng of year 813.576 550.551 Cash and eash equlv•lonts at end of year 478,566 813,576 15- AGE UK BARNSLEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2024 Accountlng pollolos Charlty Inlormatlon Ago UK Barnsley Is a privat6 company limiled by guarantee incorpoialed in England and Wales. The registered office Is Age UK Barnsley Resource Centre. 368 Queens Road, Barnsley. South Yorkshire, S71 1AR, England. 1.1 Aceountlng conventlon The financial slalements have been prepared in accordance wilh Ihe ¢harilY$ governlng document, the Companies Acl 2006, FRS 102 "The Flnancial Reporting Standard applicable in the UK and Republic ol Ireland. and thè Charities SORP "Accaunling and Reporllng by Charities.. Statemanl ol Recommended Practice applicable lo ¢h8rilies prepaiing Iheir accounts in accordance with Ihp Financlal Reportlng Slandard applicable in the UK and Republlc of lièland {FRS 102)". The charlty Is a Publ1¢ Benefit Entity as defined by FRS 102. The financlal slalements are prepared In $terling, whlch Is the functlonal Currency of th8 charily. Monalary amounts in these flnanclal slalemenls 8re rounded to the near8sl £. Th6 linanclal statements have beon prepared under the hlslorlcal cost convention. The prfnclpal aGcounllng policies adopted are set oul below. 1.2 Golng coneèm Al th8 ol approving the financlal slalemenls. the Irustees have a reasonable expectation that the charlty h8s adèquate resources to conllnue in operational existence for the foresèeable future. Thus tha Iruste8S contSnue lo adopl the going concom basis of accounts'ng in preparing the financial slalements. 1,3 Charltable funds Unrestrl¢led funds are avallable for use at the dlscrellon of the INslee8 In furtherance of Ihelr ¢harilable objecllves. ReslrScl8d funds are subjecl lo spe¢ific condillons by donors or grantors as lo how they may bo used. The purposes and uses of the feslrlded lund$ are sel out in Ihe notès to Ihe flnanclèl slatemenls. 1.4 Incomo Income is recognised when the charity is legally entilled lo il after any perforrnanc8 condillons have been m81, the amounts can be measured rellably, and It is probable Ihat income will be rec8ived. Cash donations 8re recognised on rec8lpt. Olher donalions are recogni58d once Ihe charily has been notified of the donalion, unless performance conditions require deferral ol the amount. Income lax recoverable In relation to donations received under Gift Aid or deeds of covenant Is recognised at the lime of the dongtion, Legacies are r8Gognised on Teceipl or otherwise if the charily has been nolified of an Impendlng dlslribullon, the amount 18 known, and receipt is expecled. If the amount 15 not known, the lega¢y is Irealed as a contingent asset. 16- AGE UK BARNSLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢eountlng pollcle¥ {Contlnu8dl 1.5 Expendituro Expendiluie is r8cognised once there is a legal or conslruclive obligation lo Iransfer economic benefit lo a Ihlrd party, il is probable that a transfer of economic benefits will be required In settlement, and the amount of Ihe obllgalion can be measured reliably. Expendlture is classlfied by activity. The costs of each acllvity are made up of the lolal of direct cosls and shared cosls. including support costs Involved in undertaklng each activlty. Direct costs attflbulable to a single activity are allocated directly to that a¢llvity- Shared cosls which contribute lo mofe than on8 acllvlty and support costs whlch are nol 811ribulabl8 lo a single activity are 3pporUoned between those aGlivilios on a basi8 conslstenl with the use ol resources. Central staff Gosls are allocaled on the basis of timo spenl. and depreciation charges are allocated on the portion ol the asset's US8. 1.6 Tanglbl? fixed a$$et$ Tangib16 fixed assets are Inllially measured al ¢osl and subsèquently mgasurèd al cosl or valuallon, nel ol depr8cl81ion and any Impairm8nl losses. Oepreclallon is recognisad so as to write off the ￿$1 or valuation ol assèts less thelr resldual values over thelr useful Ilves on th8 following bases: Freehold land and bulldlngs E9ulpm6nt Shop flttlngs Computers Motor vehlcl8S 50 or 37 or 10 years on cost 4 yeaTS on Cost 4 years on cost 4 years on cost 4 years on cost The galn or10ss arlslng on the disposal of an asset Is delermlned 8s the difference between the sale proceeds and Ihe cafrying value of the 8sset. and Is recognised In the statement of financl81 aclivlties. 1.7 Flxed a$3•t Investmonts Flxed assel inve81menls are initially measured at tfansa¢lion price excludlng Iransaclion ¢ost5, and are subsequently mpasured at (air v81ue al each reporting dale. Changes in fair value are recognised in not Incomellexpendilure) for the year. Transa¢llon cosls are expensed as Incurred. An assoGiate is an enllty, being neither a subsidlary nor a joint venluie, In which the charity holds a long-lerm interest and wheie the charity has 5ignifi¢anl influen¢e. The charity conslders that il has signlficanl inlluenGe where11 has the power to particlpate in the financial and operatlng declsions of the a￿0¢1818, 1.8 Impalrm•nt of lix•d assets At each reportlng end dale. the ¢harlly revlews ihe carrylng amounts of ils tanglblg assels lo determine whelher Ihere Is any indication Ihal those assets have suffered an impairmenl loss. If any such indlcalion exlsts, the recoverable amount of the asset is estimaled in order to delemiine the exlenl of the Impalrmenl loss (if any). 1.9 Stocks Stocks are stated al Ihe lowei ol cosl and estimaled s611ing price less cosls to Gomplele and Sell. Cost comprises direct malerlals énd, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock5 to their present location and condition. Items held for distribullon at no or nominal consideration are measured the lower of replacement cost and c05t. Nel realisable value is the eslimaled selling price less all eslimaled costs of completion and oosts lo be incurred in marketing. selling and dislribullon. 17- AGE UK BARNSLEY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policles (Continued) 1.10 Cash and ¢dsh equlvalentS Cash and cash equivalen15 include cash in hand. deposits held at call wllh banks, other short-lerm Ilquld Investmenls wilh original malurSties of three months or less. and bank overdrafts. Bank overdrafts are shown wllhin borrowings in curienl liabllilies. 1.11 Flnanclal instrumènts The charity has elecled to apply the provisions of Section 11 'Basl¢ Finanelal Inslruments, and Secllon 12 'Oiher Financial Inslruments Issves, of FRS 102 to all of Its financial Instruments. Flnanclal instruments are recognlsed In the charllvs balance sheel when the charlly becom88 paty lo Ihe conlra¢lual prov5slons of Ihe inslrumenl. Flnanclal assets and liabilllles are offsel, with Ihe net amounls presented In th8 flnanclal stalemenls, when there is a le9ally enforceable right to Sel off the recognlsed amounts and there Is an Intenllon lo settle on a nel basls or to reallse the esset and settle lh8 Ilability slmultaneously. Baslc flnanclal ossets Baslc financial assets. whlch include debtors and cash and bank balances, are inllially measured al Iransaclion prlG6 including transacllon costs and are subsequently carded al amortised cosl uslng the effe¢tlve interest method unless Ihe arrangement conslilutes a financlng Iransacllon, whgre th8 transaction Is measured al Ihe PTesent value of the future receipts discounted 81 a mark81 rate of Interest. Flnancial asse18 classilled as reGelvable wlthin one year are r+ol amortise¢J. Bas1¢ flnan¢lal Ilabllltles Basic financlal Ilabilllles. Includlng Creditors and bank loans are Initially recognlsed al Iransacllon prlce unless the arr8ngernenl conslllules a fin8nclng Iransaclion. where Ihe debt inslfument Is measured al the present valu& of Ihe fijlure payments discounted al 8 market rale of Interest. Financ181 Ilabllili8$ classlllèd as payable wllhin one year are not amortised. Debt Inslrurnenls are subsequently carried al amortised ¢ost. uslng Ihe eff8cllve interest rale m8lhod. Trade ¢Teditors are obligalion8 lo pay lor goods or servlcgs Ihal have been acqulred In the ordinary ¢our6e of opèraltons from suppliers. Amounts payable are classified as ¢urrenl liabilities If payment Is due wllhin one year or less. If not. they are presented as nonwcurrenl Ilabllllies. Tradè ciedilors are rew9n15ed inilially al transaction price and subsequently measured at amortised cost u5in9 the effectlV8 Inleresl method. Derecognlllon of flnanclol Ilabillti•s Financial liabili1Ses are derecognised whon Ihe charity'$ contractual obligations expire or are dischbrgod or Cancelled. 1.12 Employee beneflts The cost ol any unused hollday entitlemenl is recDgnlsed In the perSod in which the employee's servlces are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably ￿Mmitted lo lerrninale the employment of an employee or to provide leminalion benefils. 1.13 Rollrèment benefits Payments lo defined Contribution retirement benefit schemes are charged as an expense as they fall due. 18- AGE UK BARNSLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 Cfitical accountlng estlmatès and Judgements In the applicatlon of the ¢harlty's accounting policies, the tru51ees are required to make Sudgemenls, eslimales and assumptions about the carying amount of assets and liabililies that are not readily apparent from other sources, The eslimates and associated assumptions are based on hislori¢al experience and other factors Ihat are considered lo be relevanl. Actual results may differ from these estimates. The estlmales and underlylng 8ssumpllons ar8 reviewed on an ongoing basis. Revisions lo accountlng 8stimales are re¢ognised In the perlod in whlch the eslimale is rev150d where thè revislon affects only that perlod, or in the perlod of Ihe revislon and future periods where the revision affecls both current and future perlods. Incorn¢ from donatSon$ and legacles Unrestrl¢tod Ros¢rlctèd funds fund8 2024 2024 Total Unrostrlctèd Restrl¢t•d funds funds 2023 2023 Total 2024 2023 Donallons and grfts Gran18 recelved 42,359 116,149 9,401 167,232 51.760 283,381 44,286 34,692 8,031 154,384 52,317 189,076 158,508 176,633 335,141 78,978 162,415 241,393 Donatlons and glfts Donallons Legacies Glft Ald 26,595 9,401 35,996 38.963 3,046 4,985 42,009 4,985 5,323 15,764 15,764 5,323 42,359 9,401 51,760 44,288 8,031 52,317 Grants re¢olvable for core a¢tlvllles Age UK 34.216 Barnsley MBC 1.650 Blg Lottery (Mens In Sheds) B&Q Cillzens Advice Barnsley Enefgy SavSng Trltsl Eon Ipc M Coote National Lottery Northern Power others 58.600 92,816 1,650 12,750 31,504 72,748 44,254 72,748 30.300 30,300 8,400 6.996 25,671 51,887 8,400 6.996 6.996 6,996 48.870 1,876 2,070 11,000 25.671 48,870 51.887 1.876 2,070 11,000 13,000 13.000 32.661 20,000 32.661 20,000 1,262 1,262 116,149 167,232 283,381 34,692 154,384 189,076 19- c* c o) AGE UK BARNSLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from other tradlng a¢tlvltles Unrestrlcted Unrestrl¢tod funds fund$ 2024 2023 Shop income 272,787 265,614 Incomo from Inv•stments Unr•stil¢tod Unrestrlcted funds funds 2024 2023 Inler8St receivable 28,120 11,047 Expèndlturo on ralslng funds Unrestrlcled Unrestrlcted funds funds 2024 2023 Fundral$lng and publlclty Staff ¢os16 131,622 126,587 Tradlng eosts Operating charity shops 78,402 81,795 Total cosls 210,024 208,382 -22- ¢00 aj OJ rv*¢7Jtrmm l<) Thi ¢0 Oi til ￿￿cOr￿r0 00)r 0￿0 uJa)Or - eo Ik)Or o) <0 ts) o)ts)** ¢0 u) uy ¢* u) c c 4J o(nooO>UU LTJ fts ¢71 f O) In o (fj o i P- J w) Q> OJ o£0 r It) O tomu)o (*io wi 41 ID O) r O In aj r ¢fJ * I * * ¢+ O ¢D(a c (4 ¢ c]tiO>UO AGE UK BARNSLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trust¢es None of the Iruslees (or any persons connecled with them) received any remuneralion or b6n8nts from Ihe charity during the year. The charity Pays for truslee's Ilablllty cover. lotalllng cover of £100,000. 8s part of tho general insurance pollcy, the ¢osl of Ihe trustee cover is not separately identifiable from the lolal cost incurred in lh8 yèar. 10 Employees The aver8ge monihly number ol employees during Ihe year was: 2024 Number 2023 Numb¢r 52 40 Employment ¢o$ts 2024 2023 Wages and sal8rles Soclal securily Costs Other penslon costs 840,646 51,343 25,149 687,396 33,945 19,153 917,138 740,494 There were no employees whose annual remuneration was more than £60.000. Rgmuneratlon of key management personnel The remunerallon of key managemenl personnel was as follows: 2024 2023 Aggregate ¢ompensafion 65,060 56,225 Key management personn81 comprises the truslees and the Chlef Executlve. 11 Taxation The charlty is exempt from laxotion on its aclivlties beeause all Its income Is applied for charllable purposes. 25- AGE UK BARNSLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Tangtble fixed as$ets Fieehold land and bulldlngs Eguipmont Shop fitting Compulero Motoi vehl¢lès Total C05t Al 1 April 2023 Addlllons 419,995 17,535 38.538 22.342 87,020 44,235 26,384 6,500 616,172 46,377 At 31 March 2024 437.530 60.880 87.020 44,235 32,884 662,549 Depreclatlon and Impalrmenl Al 1 April 2023 Oeprecialion ¢harged in the year 91,008 38.538 81.891 29,282 16,583 257,302 11,176 239 1,710 5,635 4,757 23,517 Al 31 March 2024 102,184 38.777 83,601 34,917 21,340 280,819 Carrylng amount At 31 March 2024 335.346 22.103 3,419 9,318 11,544 381,730 At 31 March 2023 328,987 5.129 14,953 9,801 358.870 13 Flxèd asset Investments Other Inve$tment$ Cost or valuallon At 1 Aprll 2023 & 31 March 2024 Carrylng amounl Al 31 March 2024 At 31 MarGh 2023 Age UK Barnsley ITfading) Limiled was dormant for the year ended 31 March 2024 and 31 March 2023 and has no assets and negative £3 reserve5. Consolidated accounts are not prepared as the subsidiary h8s no assets or liabilities. 2024 2023 Other investments compiise.. Notes Investments in asso¢iates -26- AGE UK BARNSLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 14 Stocks 2024 2023 Finlshèd goods and goods lor resale 3,752 IG Dèbtors 2024 2023 Amounts falllng duè wlthln ono year: Trade debtois Other debtors Prepayments and 8￿rUed Incomg 44,908 86,743 12,388 47,717 2,967 144,039 50,684 16 Credltors: amounls falllng due wlthln one y•ar 2024 2023 Other laxallon and social securily Trade credliors Other creditors Accruals and deferred Income 12,098 31,487 26,711 53,324 10,080 9,794 7,488 319.302 123,618 346.664 17 Ratlrement b•noflt schemes 2024 2023 Dèflnèd conlrlbutlon $cheme8 Charge lo proflt or loss in respect ol defined conlrlbulion Schemes 25,149 19,153 -27- AGE UK BARNSLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Rellrem8nt b¢nefll schemos {Contlnued> Defin•d benellt sch•mè The Charity 1$ 8 partiGipating employer in the Age UK Retirement Bénefits Scheme whi¢h1s a Defined Beneflt Scheme. The Scheme Closed to a ftjture accrual on 30 Novemb8r 2008. 11 is 8 multi-employer scheme as desGrlbed by FRS 17 - Rgtlremenl Benefits. The Scheme assel at 31 March 2024 of £10.000 is not recognlsed In these accounts. in Ilne with FRS102, on Ihe basis that the asset is not recoverable by reduced contrlbulions or refunds in the plan, Using Ih15 valuallon. there Is a defi¢il for Ihe Scheme In lolal. With effect from 1 July 2011 all employérs have commilled lo a Dalicit Recovery Plan wilh the aim bèing for each employer to repay Ihelr share of th8 Schgme funding defidl over a pedod of 10 years and g monlhs. The charlty is liable to pay £6.036 per annum up lo 31 July 2026, then payments are reduced lo £1,020 for the followlng two years. assum tlons The lalesl 8cluarlal val(tallon of Ihe Charlly's Ilabilities took placè as at 31 March 2022. Liabllilles have been esllmated by the independent qUalif￿d acluary on an actuarial basls uslng the projected unll credll melhod. The princlple a$$umptlons used by the actuary In updating the 18lesl v8luation of th& Fund for FRS 17 purposes were: 31 March 2024 3.20 2.40 31 M rch 2023 3.25 2.45 Inflallon - RPI Inflation - CPI Rale of general Incr805e In salartes RPI Inflation sublecl lo mln of 3/0 pa and 8 max 5% pa RPI Inff atlon subjeol to maxlmum o12.517h pa Penslon Increases Discounl rale NIA NIA 3.70 2.05 3,70 2.10 4.90 4.85 ect8d r• urn on assets The approximale split of assets for the Fund as a whole (based on dala supplled by the Fund Adminislerln9 Aulhorityl is shown in Ihe lable below. Also shown aro U)e assumèd rates of r8lurn adopted by tho Employer for the purposes of FRS 102. The charlty employs a building block approach In determining the rale of relum on Fund asset5, Hislorical markels are sludied and assels with higher volalilily are assumed lo generate higher returns conslstent with widely ac¢opled capital market principles. The assumed rale of return on each agsel cla85 Is sel out wllhln Ihls note. The overall rate of return on assets is Ihen derived by aggregatlng ihe expected retum for each asset class over the actual asset allocation for Ihe Fund al 31 March 2022. 31 March 2024 £OOO's 31 Mar¢h 2023 £OOO's Equllies Diverslfled growth fund Infraslructure Malchlng assets I bonds Cash Total 26 14.5 16 24 115 13.4 63.7 24 127 13.0 70.2 181 100.0 181 100.0 -28- AGE UK BARNSLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Rotlrement bonefli schemès (Contlnuod> Re Iliatlo of fund•d status to Balance Shefrt 31 March 2024 £OOO's 181 {171} 10 (10) 31 March 2023 £OOO's 181 11701 11 (11) Fair value of assets Present valu6 of funded defined benefit obligallons FLsrsded slalus Unrecagnised assel due lo uncertainty of recovery Penslon asseU{liability) Present valug of unfundod deflned beneflt obllgations O al 5150 rofll an loss char 31 Mar¢h 2024 £OOO's 31 March 2023 £OOO's Operatlng cost: Cufrenl servlce Cost Adminislrallon expènses Pasl servlce cost (Incl. ¢urtallm8nls) Settlemenl cost Flnanclng cosl.. Interest on n81 defined benoni Ilabililyl(as6el} P•nslon expense recognl$ed In prollt and loss Chan es to the res aluè of thè d fined benefSt o 11 ation durSn 31 March £OOO'$ 170 the accou 24 31 March 2023 £OOO's 235 Openlng defined benefit obllgalion (OBO) Current service cost Inleresl expense on DBO Contribullons by Scheme members Acluarlal Igalnslllosses on Scheme Ilabllllies Nel benefits pald out Past servlce cost {Incl. curtallments) Nel Increase In118billties from di6posal8lacquisilions Settlemenlts Closlng dpflned bgnelll obligation 1621 19) {81 171 170 Chan •$ o Ihe falr value of S¢heme ossets duri the accountin erlod 31 March 2024 £OOO's 181 1 March 2023 £OOO's 251 Opening fair value of Scheme 3ssg1s Inleresl Income on S¢heme 8S5els Gainl{lossl on Scheme assets Contributions by the Employer Conlribtstlons by Scheme members Nel benefits paid out Admlnlslralion costs Incurred Nel increase in assets from disposalslacquisilions Settlemenls Closlng falr value of Scheme assets {5> (721 18) (9) 181 181 -29- Or0J*a)p*r41nin￿￿QQr¢s O 0> a)<0 w ID o) ro ¢rJ Ino ¢D ID EJ¥i• rfjo a) D o o Ci ¢£<< o a r£* 0> o ts) Oi 0> ¢7> ID r Iri St ¢3> O P) Lr> rry o oi IYJ r* no ¢0 ￿ Ln o) o 2)t O)w- 2<<¥ Q) CL (a￿ LU w al O I AGE UK BARNSLEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unre5trl¢ted funds The unrgslricted funds of thÈ charily comprise the unexperKled balan¢8s of donations and grants which aT6 not subject lo speclfic conditlons by donors and grantors as lo how they may be used. These include designaled funds which have been sel aslde out of unreslrlcled funds by the trustees for specific purposes. Incoming resources Resources expended Transfer5 At 31 Maich 2024 2023 Servlces fund Genèr81 funds 200.000 (191.655) 200,000 505,231 617.044 93Q,276 (850,434) 617,044 930.276 (850.434) 8.345 705,231 Prévlous year: At 1 Aprll 2022 Incomlng resource8 Re8our¢o8 •xpondod Transfers At 31 March 2023 Gen8ral funds 522.197 490,110 (395,263) 617,044 Servlce fund ThSs 18 sat aslde to allow conllnualion of key seThices. in tho shorl tetm, where fundlng has Geased unlll such time as new fundlng can be Idenllfi6d. 20 Analysls of n•t assets b•tw••n funds Unrostrlctod fund$ 2024 R•btrl¢tod funds 2024 Tolal 2024 At 31 March 2024: Tangible assels Inveslmenls Current asselsllliabilities) 381.730 381,730 323.498 175,489 498,987 705,231 175,489 880,720 Unrestrlct•d funds 2023 R¢strlcted funds 2023 Total 2023 At 31 March 2023: Tan9ible assets Investments Currenl as5elsl{liabililies) 358,870 358,870 258,171 263.177 521.348 617.044 263.177 880,221 -34- AGE UK BARNSLEY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Operatlng lease commllments Lessee Al thÈ réporting end dale the Gharily had oulslanding commilmenls for fuiur& minlmum lease paymènts under non-cancellable operating leases, which fall due as follows: 2024 2023 Wlthln one year 88￿een and flve years 31.914 1,914 38,287 30,000 33,828 68,287 22 Rglatod party transactlons There were no dlsclosable relaled pariy transacllons durlng the year (2023- none). 23 Ulllm8ts conlrolllng party The Charity Is under the control of the board of trustees. 24 Cash (absorbed byllgeneratod from operatlons 2024 2023 Surplus for Iho year 499 106,750 Adjustments for: Inveslmenl income recognlsed in statement of financlal acllvilies Depreciation and Imp8lrmenl of langlble fixed assets 128,120) 23,517 111,0471 42,763 Movements In workln9 ¢apltal: Decr68se In stocks {Increase} in deblors {Decre8seyincreas8 creditors 3,752 {93,3551 (223,0461 1,112 (45,932) 212.802 Cash (absorbed byllgenoratéd Irom operallons {316,753> 306,448 25 Analysls of changes in netfunds The charily hod no m8lèri81 debl duTlng the year. 35- ## **Document Activity Report** ## **Document Sent** Thu, 19 Dec 2024 15:48:24 GMT ## **Document Activity History** Document history shows most recent activity first ## **Date** ## **Activity** You can verify that this is a genuine Portal document by uploading it to the following secure web page: **http://bkplus.accountantspace.co.uk/messages/VerifyDocument**