Charlty Reglstratlon No: 1146462
Company Reglstration No.. 07928260
(England & Wales)
Berkshire
ageuK
AGE UK BERKSHIRE
Annual Report & Audited Flnanclal Statements
for the year ended
31 March 2024

Age UK Berkshire
CONTENTS
Page
Legal & Administrative Information
Trustees Annual Report (Includlng Dlrectors Report)
Auditors Report
10-12
Statement of Financial Activities
13
Balance Sheet
14
Statement of Cashflows
15
Notes to the Accounts
16-28
Page 1

Age UK Berkshire
LEGAL AND ADMINISTRATIVE INFORMATION
Truslaes
Roger Chester
Paul Chrimes
Sharon Trimby
lThvan Owen
Jit Patel
Helena Hughes
Steve Foster
Chair
Treasurer
appointed 11 October 2023
appointed 11 October 2023
appointed 11 October 2023
Chlef Exocullvo Offlcor
Flona Price
Charfty number
1146462
Company number
07928260
Prfnclpal &ldrn•s
Un5t 119
Broad Street Mall
Oxford Road
ReadirYJ
Berkshlr8
RG17QE
Reglstorod offlc•
Unlt 119
Broad Street Mall
Oxford Road
Reading
Berkshire
RG17QE
Audltorn
Gavln Whltter FCA CTA
Gibson Whitter LlmKed
Larch House, Parklands BusSness Park
Forest Road
Denmead
Waterloovllle
Hampshire
P07 6XP
Bankern
Barclays Bank plc
Broad Street
Reading
Berkshire
RG14RP
CAF Bank
25 Kings Hlll Avenue
Klngs Hlll
West Malling
Kent
ME19 4JQ
Invéstm•nt Managers
Quilter Cheviot Asset Management
Long Acre
London
WC2 9RA
Page 2

AGE UK BERKSHIRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their report and financial statements for the year ended 31 March 2024.
The accounts have been prepared in accordance With the accounting policies set out in note 1 to the
accounts and comply with the charitable company's Memorandum and Articles of Association. the
Companies Act 2006. the Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland {FRS102). and 'Accountlng and Reportlng by Charities: Statement of
Recommended Pr8Ctlce applicable to charltles preparing their accounts in accordance with the
Financial Reporting Standard applicable In the UK arKI Republic of Ireland (FRS 102)" (published in
October 2019).
OBJECTIVES AND ACTIVITIES
Prfnclpal obJ•ctlv•s
The Charitable objectives of Age UK Berkshire are
to relieve older people resident in the county of Berkshlre who are in need by providing seprfices,
facilities or items calculated to relieve the needs of such persons. and
such purposes as are charitable accordlng to the laws of England and Wales for the benefit of the
publlc.
In golng about our y￿rk and establishlng our aims and objectives, the Trustees have given careful
consideration to the Charity Commission's guidance on public benefit. We work In partnership and
collaboration with other local charities, voluntary bodies. statutory authorities and organisations In
providing education and assisting older people in need by reason of111-health, dlsability, Ilnanclal
hardshlp, soclal exclusion or other disadvantage.
Prlnclpal actlvltl•s
Infomiation & Advice on a wide range of issues affectlng older people, Includlng welfar8 benefft8,
finance, penslons and social care to people aged 50 or older In Borkshire, thelr famlly, frlends or
carers;
Befrfendlng In Readlng, Bracknell and West Berkshlre: our team of dedlcated and carlng
volunteers vlsit clients in thelr own homes or speak to them on the phone to provide
companionship and engagement in friendly conversation. Wa also now deliver befriending to
those with mildl moderate dementia;
Active Living for older people: helping older people keep active and discov8r new activiti8S,
rekindle old hobbies and find new friends in their community;
Carers support in West Berkshire and Wokingham: helping carers look after their ovm health and
wellbeing. connecting with other carers and infonnation and advlce.
Dementia Coordination including making areas dementia friendly in Wokingham. West Berkshire
and Windsor and Maidenhead.
Dementia activities for people with dementia and their (zrers including cafes. seated gymnastics,
Maintenance Cognitlve Stimulation Therapy and slnglng groups;
Easy Shop assists wlth onllne grocery shopplng glvlng regular and rellable grocery shopplng
delivered to the persons home;
Handyperson Seprfice carrying out a range of small household repalrs and minor adaptatlons In
the home helping maintain independence as much as po&sible;
Page 3

AGE UK BERKSHIRE
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (continued)
FOR THE YEAR ENDED 31 MARCH 2024
Prfnclpal acllvlll•s (contlnued)
Home Help Plus to support Independent Ilvlng. Indudes general household cleaning and
supportlng attendance at appolntments, shopplng and papeThvork;
Home from Hospltal servlce In partnership with Wokingham Borough Coundl and Bracknell
Forest Council to provide short term support in the transition from hospital back home, Includlng
practical support, infomiation and advice and signposting to other relevant Services;
Dementia seNices providing ongoing one-to-one support for people wlth memory loss or livlng
with dementia, and allowing periods of respite for carers.
Structure, governance and management
The Charity Is 8 company Ilmlted by guarantee Incorporated on 30 January 2012 and govemed by it8
Articles of Association. Operations commenced on 1 April 2012. Ag8 UK Berkshire was fonned from
Age Concem Berkshlre whlch was first estsbllshed as a chartty In 1964 but had been In exlstence
Since 1958.
It was registered as a charity under the Charltl88 Act 2011 on 26th February 2008.
None of the Trustees have any beneficial interest in the charitable company. All of the Trustees are
volunteers. Trustees are assisted to fulfil their duties by the chief executive and by other advisor3.
who offer Infonnatlon and asslstance In undertaklng all thelr governance tssks. It Is the responslblllty
of the Truste8S to meet to make balanced, proportlonate and clear declslons about the future of the
charitable company, and make all disclosures about the organisatlon.
Through consideration of reports on financial management, income, expenditure, liquidity,
Investrnents and of forecasts for the next twelve months, Trustees have analysed any risks to the
company alongside the strategic plan for groW(h, and have identified no mat8rlal uncertalnties that
cast doubt about the abllty of the company to continu6 88 a going concem.
The Trustees, who are also tha dlractors for tha purposa of ccThpany law, and who served durln9 the
year were..
Roger Chester
Paul Chrimes
Sharon Trimby
lThvan Owen
Jlt Patel
Helena Hughes
Steva Foster
Chair
Treasurer
appolnted 11 October 2023
appolnted 11 October 2023
appointed 11 October 2023
Tru8ts• Appointm•n( Inductlon and Tralnlng
We regularly complete skills audits to ensure that we have the correct balance of skills in our trustee
board. When recruiting trustees. we concentrate on utilising this audit to support any skillsl
knowledge gaps. Potential trustees are asked to demonstrate their skills and knowledge ft)r the role.
Our trustee induction and tralnlng programme ensures that they are equipped wlth knowledge of the
organisation, its activities and aims and have a clear understanding of their role as a trustee.
Our trustee induction programme is in place which indudes introduction to the charity and
organisation, visiting our servic6s, meeting staff and volunteers. It also includes safeguarding training
and training about the role of a trustee. We have yearfy trustee training in place which covers changes
to guidance for trustees and updates on charity commission guidance and Support for trustees.
Page 4

AGE UK BERKSHIRE
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (continued)
FOR THE YEAR ENDED 31 MARCH 2024
Organisational Structure
The Board of Trustees are responslbte for making strategic and policy decisions, approval of budgets,
the sale or purchase of major assets such as land, and the startinglending of services under local
authority contracts or others. The operational and daY-t￿daY decisions are rnade by the Chlef
Executive Officer and the senior management team.
Network
Age UK Berkshire is a brand partner wlth Age UK, which was formed In 2009 by the merger of Age
Concem and Help the Aged. The trustees of Age UK Berkshire agreed in March 2016 to re-slgn the
brand partnership agreement between Age UK and the local charity Age UK Berkshire. The brand
partnarship is currgntly undgr review and a new version is expected to be signed in late 2024.
Age UK Berkshire works in partnership wlth a number of different local organisations Includlng,
Berkshire Youth. Promise Inclusion. The Llnk Vlsiting Schame, Understsnding Dementia, Reading
MENCAP, Communicare and Get Berkshire Active.
We are part of The Reading Advlce Netth)rk. We work closely wlth other Age Ubcs and Age
Concems across Berkshlre and the surroundlng counties to ensure that together we are able to
respond to the needs of people in later life.
As ever, none of the galns wa have made, or the increasing reputatlon wo enjoy amongst all our
stakeholders, would be possible without the support, enthusiasm and dedication our CEO, Fiona
Prlce and all of our staff and volunteers. On behalf of the Trustees, once agaln It gives me great
pleasure to extend our grateful thanks and appreciation for their superlative efforts.
Our Statement of Financial Affairs shows an increase in our Fund Balances of just under £800k, but
analysing those accounts shows that activities under management control generated £88k, which
gfvan that the InGrease In National Minimum Wage intr(xluced in April 2024 increased our wage and
salary costs by almost £70k indicates the vulnerablllty of op8ratlng charitable actlvities because muth
of our Income Is fixed In the short tem). As Is our practlce, our annu81 budgat alms for a breakeven
posltlon, excluding our Infomiatbn and Advice and Befriending s6rvSc8s vthlch are determined as our
prfmary core objectives and for whlch demand for these Se￿Ice8 outstrlps grants. Deflclts resulting
from this are financed from unrestricted reserves. Donations and legacies have served to provide us
with financial security, vthich we gratefully acknowledge. This gives us a very strong platform on
which to d8velop support throughout Berkshire, as outlined In the CEO'S reFX)rt.
Our annual Away Day gtves us the opportunlty to revlew and update our progress toward meetlng the
future direction and aspirations of Age UK Berkshire. l am pleased to report that, effective from 1
September 2024 we have entered Into a Memorandum of Understandlng wrth Age Concem Wlndsor
to support them over the next three years to develop charged for sepllces and underpln thelr flnanclal
position. This is consistent with our aim to roll out a full range of services and support to the age
groups wlthin our puniiew - this agreement will increase our profile in East Berkshire and substantSally
Increase our %vhole Counw aspirations, as well as help more older people to live well - or better. We
also noted that that services to clients in their own homes delivered by other agencSes Is decllning by
moving to either group activiti8s or phone contact. We believe that this may lead to social Isolation
and drfficulty for some accessing infomiatK)n and support in this digital age. It makes true the
observation that when asked, most will say 'l'm ok" or'jusl fine, thank you. when, in fact, meeting that
individual in their own home may find that not to be the case - and eadier intervention in these
instances can lead to improvements and help to keep people In thelr own home5 longer, with obvious
benefrts to all. We believe that reliance on the charity sector by statutory bodies will become greater
over the near tenn and think it likely that seniice delivery will become pared to legal minima,
increasing the demand within our sector, particularly for Infomation and Advlce. where, in order to
ensure comprehensive support where this is called for. time and therefore staffing costs per client are
increasing. The charity sector is an increasingly vital component in dellverlng senilces and support to
those over 50 and, frequently. also their families and carers.
Page 5

AGE UK BERKSHIRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (continued)
FOR THE YEAR ENDED 31 MARCH 2023
HAIRMANS REPORT
continued
Our commitment to develop further our organisation In dellverlng qualty services, whether through or
on behalf of statutory bodies or via our"charged for sepiice8 remains the very focus of our strategy.
Roger Chester
Chair of the Board of Trustees
ACHIEVEMENTS AND PERFORMANCE
We have continued to grow our reach and impact thls year. The type and length of support now
required tends to require longer and more complex interventions for more people as new challenges
arise, partiGularly around the rA)St of living, mental health issues and digital exclusion.
Our local authorty commissioned services continue to grow and our fundlng for these remalns
relatively stable, although ￿llth the increases in costs (especially staffing costs) many of these have
seen a real reduction in income levels versus costs. We continue to deliver services to a high
stsndard that offer great value for money and outcomes to cc*nmlssioners, cllents and the general
public.
Hlghllghts In thls p•rlod Includ•:
Ka•plng In Touch S•rvlca - deslgnad to support older people for a longer perlod of time- keepSng In
touch with them- talking through their issuesl concerns and supporting them wlth early support to
prev8nV delay any crfsl8 events In their Ilves. thls project has been supported by Woklngham Borough
councll and has recently been commlssioned for the long temi.
Domantla Frf•ndly - Ensurlng communlties, individuals and businesse8 understand the needs of
people with dementia and their carers is a key focus. We work with a wide variety of stakeholders In
the area to improve knowledge and understanding of dementia to ensure barriers to support are
broken down and they feel included In their local area.
Car•rn - Our work and support Sn this area continues to grow - ensurfng that carers are recognlsed
and supported. We have carers support groups. deliver home vlsits and offer a wlde variety of
infomiation and advice. In addition, we ensure that carers voices are heard in local authority
strategies to ensure that they have access to re8plte arKI timely assessments In the future.
Malntenance Cognltlve Stlmulallon Thorapy (MCST) and Damontla Actlvltl•s - w8 continue to
expand our actlvities in this area ansuring there is a g(xxl variety of locally based activities whlch offer
support to thoso wllh dementia and carers at the same tlme.
Cost of Llvlng - the numbers of older people comlng through to our information and advice service
has risen, the majority of these clients have come forward for benefrt checks, issues around paying
bills or to apply for the household support fund (we have administered to older people in Wokingham
Borough councll residents). We have worked with several local authorities to feedback on the needs
and support required for older people through the current crisis and seek to ensure that they deliver
easily accessible solutions (including those ft)r people who are not digitally enabled). We are part of
the Hardship Alliance in Wokingham Borough bvorking with partners to ensure that all those who need
help and support with the cost of living crisis have access to infomiation, advice and support.
Integrated Carn System8 - as we work across the old County of Berkshire we are covered by 2
Integrated Care Systems. Our CEO is the Chair of the Buckinghamshire. Oxfordshire and Berkshire
West (BOB) Ageing Well group and has been involved in influencing and inputting into their strategy
and forward plan, ensuring that the health and wellbeing needs of older people and their carers are
reflected in their forward strategy.
Page 6

AGE UK BERKSHIRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (continued)
FOR THE YEAR ENDED 31 MARCH 2024
OUR VOLUNTEERS
We are continually grateful to our volunteers who support in the valuable delivery of our services.
Their time and comrnitrnent to the organisation and the older people we support makes a real
difference to the outcomes our clients receive.
We have invested in our volunteer support to ensure ￿ can continue to recruit new volunteers.
We continue to expand our volunteer numbers and the areas they support us with.
PLANS FOR THE FUTURE
Slrat•9y, bu•lnM8 plan and budgat
Our updated strategy reflects our desire to support more older people across the Berkshire area and
with our increase in legacy income this means we can plan and begin to deliver more of our seprfices
across the whole of the Berf(shire area.
Our prlorltles golng forward Include:
Extend5ng our home from hospltal servlce Into further geogr8phlcal areas
Investlng In our Inforniation arKI advlce servlce to ensure we can support tha Increased
demand for thls key servlce
Extending our handyperson service to new areas
ExtendSng and revlewlng our actlve Ilvlng actlvltles
Investing in our marketing and communications presence
Ensuring we have acce&8ible hubs for oldor p8opl8 to access our servlces face to face.
In 2024 we have ensured that our new services, staff and volunteers are fimily embedded in the
charity and that we maxlmlse our hollstlc support to older people, ensurlng a wlde clrcle of support
whllst improvlng thelr overall health and wellbeirg.
Infiuondng and repr•••ntatlon
Age UK Berkshire is proud to be regarded as an effective and infiuential partnèr in the area induding
wlth the voluntary sector. health and social care authorlties. The support and collaboration of our
partners Is Invaluable and we look forward to contlnulng to develop and evolve these relationships In
the best Interests of older people. We work closely with Age UK to influence on a national basis and
meet regularty wtth local MP'S to ensure that the needs and voice of older people is heard.
Our work with the Reading Older People's Worf(ing Gr(xJp ensures collaboration and Cooperation
between the local council and older people in Reading.
Equallty, dlvor81ty and Inclualon
We are committed to Serving all older people In our community. We are further embedding and
continuously improving equality. diversity and indusion across service delivery. employment and
volunteering. We are part of the Windrush consortium in Reading delivering activities and support to
the generation and work closely with Reading Museum. Carfbbean Assoclations Group (CAG) and
ACRE to maximise impact and awareness of thls work.
Page 7

AGE UK BERKSHIRE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (cx)ntinued)
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
The organisation Is funded by statutory authorities, grant funders, and our chargeable services, as
well as from donatlons & legacles received.
The charitable CoMpan￿S income totalled £1,736.856 {2023: £942,508), includlng d￿ationS &
legacies received of £543.267 (2023: 14,817).
The charity generated a surplus of nat Incomlng resources before transfers of £674,178 (2023:
£105,282).
As 8t the y8ar ending 31 March 2024, the Charlty had unrestrfcted reseNes of £1.939.509 (2023:
£1,133,764) of which £543,000 (2023., £543,000) have been deslgnated by the Trustees for future
planned development. and remaining free reserves of £1.386,813 (2023: £579,793).
Rosorves Pollcy
Age UK B8rkshire Trustees consider tha( taking full account of the range of ser¥ices that are now
provided to old and vulnerable people, reserves should be sufficlent to cover the flexibility required to
cover cash flow and maintain adequate working capital of existing and budgeted increases in the
services provided.
Furthermore, Sn order to finance targeted growth over tha next 5 years, through the setting up of
services which are Intended to become self-furKling. Trustees allocate funds from unrestricted
resenies in respect of Identifled opportunitles to support mora older people. The Trustees regularly
revlew the reserves, Including an assessment of the rlsks of unplanned dosure and potentlal
IlabilitSes, and the policy in light of ongoing changes to the charity.
Rlsk Managemont
The organisation has a robust risk management procedure in place and this is reviowed and revised
by the senlor management team and trustees on a regular basis. The blggest risk to the organlsatlon
Is the income recelved from statutory bodies (both as contracts and grants). We have plans In place
to mitigate this over the short and long term, these include: dSversificatlon of Sncome, commitment to
expanding our fundraising, developing our marketing and communications to enhance our directly
sold services and developing new partnerships that add reach or depth to the portfolio of services we
provide.
Page 8

AGE UK BERKSHIRE
TRUSTEES, RESPONSIBILITY STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees. who are also directors of the charlty are responslble for preparlng the Trustees, Report
and financial statements in accordance with appli¢abl8 law and United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice).
Cornpany law requires th8 trustees to prepare financial ststements for each financial year, which give
a true and fair view of th8 State of affairs of the charitsble company and of the incoming r&8ources
and application of resources of the charitable cornpany for the year.
In preparfng those finandal statements, the trustees are requlred to:
select sultsble accountlng pollcies and then apply them conslstently;
observe the methods and principles in the Charities SORP 2019 (FRS 102)..
make judgements and estirnates that are reasonable and prudent.
state whether applicable UK Accounting Stsndards have been followed, subject to any
material departur8s disd08ed and explained in the financial Statements.
prepare the financial statements on the golng concam basis unless It Is Inapproprlate to
pre8ume that the company wlll contlnue In oparation.
The trustees are responslble for keeplng prO￿r accountlng records whlch dlsclose wlth reasonable
accuracy at any tlme the flnancial posltlon of tho company and to anable tham 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 detectSon of fraud and other Irregularities.
Th18 report has been prepared In accordance wlth the Statement of Recommended Practlce:
Accountlng and Reportlng by Chariti8s 2019 (FRS 102) and in accordanc8 wlth the special provlslons
of Part 15 of the Companles Act 2006 relating to small companies.
Approved by the TrusteeslDlrectors on 4 December 2024 and slgned on ts behalf by:
Roge
hester (Dec 6, 2024 09:51 GMT)
Roger Chester
Chalr of the Board of Trustees
Page 9

AGE UK BERKSHIRE
AUDITORS REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Opinlon
We have audlted the finandal statements of Ag8 UK Berkshire (the charitable company) for the year
ended 31 March 2024 which comprise the Statement of Financial Activities. Balance Sheet, Statement
of Cashflows 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 Stsndards. including Financial Reportlng Standard 102 The Finan￿.81 Reporting
Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practice).
In our opinlon the financlal statements:
gNe a true and falr vlew of the state of the charftable company's affalrs as at 31 March 2024,
and of its incoming resources and applScatlon of resources, Includlng Its Income and
expenditure. for the year then ended;
have b88n propedy prepared In accordance wlth Unlted Klngdom Generally Acceptad
Accountlng Practice,. and
h8ve been prepared in accordance wSth the requirements of the Companlas Act 21)06 and the
Charities Act 2011,
Bas1$ for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responslbilitles under those standards are further described in the Auditors,
responsibilities for the audSt of the flnanclal statements sectlon of our raport. We are Independent of
the charitable company In accordance with the ethical requirements that are relevant to our audit of the
financial statements in Ihe UK, induding the FRC'S Ethlcal Standard. and we have fulfilled our other
ethical responsibilities in accordance with these requlrements. We belleve that the audit evidence we
have obtsined is suffiaent and appropriate to provide a basls for our opinton.
Conclu•lon$ r•latlng to golng concom
In auditlng the financlal statements, we have conduded that the tru8t8e8' use of the golng concem basls
of accounting in the preparatlon of the financlal statements Is appropriate.
Based on the work we have perfomied, we have not Klentified any materlal uncertalntles relating to
events or conditions that, individually or collectively. may cast slgnlficant doubt on the charitable
company's ablllty to contlnue as a going concem for a period of at least twelve month8 from when the
financial statements are authorised for issue.
Our responslbllttSes and the responsibllltles of the trustees wlth respect to golng concem are descrfbed
in the relevant sectlons of this report.
Oth•r Inforniatlon
The trustees are responsible for the other infomiatlon. Th8 Other Infomiation comprises the inforrnation
Snduded in the Annual Raport, other than the financial statements and our Report of the Independent
Auditors thereon.
Our opinion on the financlal statements does not cover the other infomiation and, except to the extent
otherwise expllcrtly stated in our report, we do not express any ft)nn of assurance condusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other infonnation
and, in doing so, consider whether the other infomiation is materially Inconsistent with the financial
slatements or our knowledge obtained in the audit or otherwise appears to be mater5ally misstated. If
we identffy such material inconsist8ncies or apparent mat8ri81 misstatements, we are required to
detemilne whether this gives rise to a material misststement in the financial statements themselves. If,
based on the work we have perfomied. 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.
Page 10

AGE UK BERKSHIRE
AUDITORS REPORT TO THE TRUSTEES (continued)
FOR THE YEAR ENDED 31 MARCH 2024
C*lnlons on other mattern prnscrfbed by tho Companles Act 2006
In our opinlon, based on the work undertaken In th& c(xJrse of the audit:
the information given In the trustees, report, whlch Includes the dlrectors, report prepared for
the purposes of company law, for the flnancial year for which the financlal statements are
prepared is consistent with the financial statements., and
the directors, report included within the trustees. report has been prepared in accordance with
applicable legal requirements.
Matters on whlch w• arn rnqulrnd to rnport by exceptlon
We hav8 nothlng to report in rasp8Ct of the followlng matters where the Charlties (Accounts and
Reports) Regulatlons 2008 requires us to report to you If, in our oplnS0n:
the Informatlon glven In the Report of the Trustees Is Snconslstent In any materfal respect
with the financial statements; or
the charitable company has not kept adequate accountlng records; or
the finarKial Statements are not in agreement with the accounting records and retums; or
we have not received all the Inf0M￿tIOn and explanation8 we requlre for our audlt.
Re•ponslbllltlg• of trnstO0•
As explained more fully In the Statement of Trustees, Responslbllltles, the trustees (who are also the
dlrectors of the charftable company for the purposes of company law) are responslble for the
preparation of the financial ststaments and for being satisfied that they give a true and fair view, and
for such intemal control as the trustees detemilne is necessary to enable the preparation of finanaal
statements that are free from material misstatement, whether due to fraud or error.
In preparfng the tlnanclal statements. the trustees are responslble for assessing the charStable
company's ability to continue as a going concern. disdosing. as applicable. matters related to going
concem and using the going concern basis of accounting unless the trustees etther Intend to Ilquidate
the charitable company or to cease operatlons, or have no reallstic altematlve but to do so.
Our rnsponslbllltl•8 for th• audlt of the Ilnanclal stat•m•nts
We have been appolnted as auditors under Section 144 of Ihe Chafltles Act 2011 and report In
accordance with the Act and relevant regulations made or havlng effect thereunder.
Our objectives are to obtain reasonable 8ssur8nce about whether the financial statements as a whole
are free from materfal misstatement, whether due to fraud or error, and to issue a Report of the
Independent Audltors 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) w511 always detect a mat8rlal
misstatement when k 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 t*en on the basis of these financial statements.
Page 11

AGE UK BERKSHIRE
AUDITORS REPORT TO THE TRUSTEES (continued)
FOR THE YEAR ENDED 31 MARCH 2024
The extent to which our procedures are capable of detecting irregularitss, induding fraud is detsiled
below:
We designed audit procedures to respond to the risK recognising that the risk of not detecting a
materlal misstatement due to fraud Is higher than the risk of not detecting one resulting from error, as
fraud may involv8 deliberate concealment by, for example, forgery, mbsrepresentations or through
collusion.
Procedures p8rfomi8d by the group audit team Included:
Discusslons with management regarding known or suspectad instances of non-compliance
wlth laws and regulations,. and
Assessing loumals entrles as part of our planned audit approach. Evaluatlon of management
Incentlves and opportunltles for fraudulent manlpulatlon of the fin8nclal statements Sndudlng
management overrSde, and considering that the prfncSpal risk were related to the postlng of
Inapproprlate loumal entrles to Improve the result for the year.
There are Inherent Ilmltatlons In the audlt procedures d8scrlb8d abov8 and the further ramoved non-
compllance with laws and regulatlons is from tho avènts and transactions reflected In the financial
statements, the less likely we would become aware of it. As in all of our audits we also addressed the
rfsk of management overrSde of internal controls, Includlng testlng Journals and evaluatlng whether
there was evklence of blas by the trustees that repr&sented a rtsk of materfal m18Statement due to
fraud.
A further descrlption of our responsibilltles for the audit of the financial statements Is located on the
Flnancial Reporting Council's website at
. This description
foms part of our Report of the Independent Auditors.
U8• of our rnport
Thls report Is made solely to the charltable company's trustees, as 8 body, Sn accordanc8 wSth Part 4
(* the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so
that We might state to the charitable companls trustees those matters we are requlred to state to
them in an auditors, report and for no other purpose. To the fullest extent permltted by law, y￿ do not
accept or assume responsibility to anyone other than the charitable company and the charitable
company's trustees as a body, for our audit work, for this report, or for tha opinions we have fomed.
Eligible to act as an audltor in temis of Section 1212 of the Companies Act 2006
Gavln Whitter FCA CTA
Senior St8tthoryAuditor
Date:
For and on behalf of:
Ip
Gibson Whitter Limited
Larch House. Parklands Business Part(
Forest Road
Denmead
Waterloovi118
Hampshire
P07 6XP
Page 12

AGE UK BERKSHIRE
STATEMENT OF FINANCIAL ACTIVITIES (including Income & Expenditure Account)
FOR THE YEAR ENDED 31 MARCH 2024
Unrnstrlct•d R•strfctad
funds
funds
2024
2024
Total
Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notos
Incom• and ondowments from.
Donations & legacies
Charitable Activities
Other trading activities
Investments
Other Income
543,267
1.089,854
73
42,070
543,267
51,362 1,141,216
73
42,070
11,517
828,093
118
29,530
225
3,300
69.725
14,817
897,818
118
29,530
225
Totsl Incom•
1,685,494
51,362 1,736,856
869,483
73,025
942,508
Ralslng fund5
Charltable Actlvltles
9,224
9,224
61318 1053 454
8,124
771750
8,124
829 103
Total r•sourc•8 •xwnd•d
1,001,360
61,318 1,062,678
779,874
57,353
837,227
N•t Incoffllngl(outgolng)
r••ourc•s b•for• tran8f•r•
684134
(9,956) 674,178
89,610
15,672 105,282
Transfers between funds
Actuarfal galnl(loss) on defined
benefit penslon
Realis8dlUnreallsed galns on
Inv8Stm8nts
(980)
38,000
986
(2,549)
241,000
2,549
38,000
241,000
84,597
84.597
(86,617)
(86,617)
N•t In¢omel(oxpendlture) lor
the year I n•t movoment In
funds
805,745
(8,970) 796,775
241,444
18,221
259,665
Fund balances at 1 April 2023
1,133,764
18,221 1,151,985
892,320
892,320
Fund balancos at 31 March 2024
1,939,509
9,251 1,948,760
1,133.764
18,221 1,151,985
The ststement of financlal actlvities Includes all gains and losses recognised in the year.
All Income and expenditure derlves from continuing activities.
The statement of financial activltles also complies wlth the requirament for an income and expenditure account under the
Companies Act 2006.
Page 14

AGE UK BERKSHIRE
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Flxed assets
Tangible fixed assets
Investrnents
13
14
9,696
1716272
1,725,968
10.971
954.057
965.028
Currnnt assets
Debtors
Cash at bank and in hand
15
122,672
96.105
337.790
433.895
388,618
Credltorn: amounts lalllng duo wlthln 1 year
111938
Not currenl as•ots
Not A88Ots bofore pen8lon Ilablllty
319 792
2,045.760
321,957
1,286,985
Defined benefrt pension Scheme liability
(97.000)
(135,000)
Nol A880ts
1,948,760
1,151,985
Fund•
Unrestrlcted funds
DesTrgnated funds
Dafined benefit penslon scheme15ablllty
1,493,509
543.000
725.764
543,000
135 000
1,133,764
19
1,939,509
RestriGt8d funds
N•t funda
17
18
1 151985
The charitable company Is entitled to the exemption from the audit requirement contalned In sectlon 477 of the
Companies Act 2006, for the year ended 31 March 2024. No member of the charitable company has deposited a
notlce. pursuant to section 476. requiring an audit of those accounts.
The Trustees acknowledge their responsibillty for complying with the requirements of the Companles Act 2006 wlth
respect to accounting records and the preparatSon of accounts.
These financlal statements have been prepared in accordance wlth the provislons applicable to companies subject to
the small companies reglrne.
The accounts were approved by the Board of Trustees on 4 December 2024.
Roge
hester (Dec 6, 2024 09:51 GMT)
Roger Chester
Chair of Trustees
Company Number 07928260
Page 15

AGE UK BERKSHIRE
STATEMENT OF CASH FLOWS
AS AT 31 MARCH 2023
2024
2023
Cash flows from operatlng actlvltle5
Net movement in funds for the year
Investment income
Interest received
Depreciation
Fixed asset retirement
Investment management fees
(Increase)Idecrease in debtors
Increasel(decrease) in creditors
674,178
(36,842)
(5,228)
7,845
105,282
(29,392)
{138)
10,234
9,224
(26,567)
43,112
8,124
140,113
53,033
Net cash provld•d byl(u8ed In) oporatlng actlvltlos
579.498
287,256
Cash flow from Inve8tlng actlvltles
Transfers {to)Ifrom Investments
Purchase of fixed assets
Interest received
(650,000)
(6,570)
5.228
(2,208)
138
Net cash used In Inve8tlng Actlvltlos
651.342
2,070
Net Incroasol(docreaso) In cash and cash equlvalents
(71,844)
285,186
Cash and cash equlvalents at 1 Aprll 2023
Cash and cash equlvalents at 31 March 2024
337,790
52,604
Cash and cash equlvalents conslsts of..
Cash at bank and in hand
337 790
Page 16

AGE UK BERKSHIRE
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
1 Accountlng pollclos
Charlty Infomiatlon
Age UK Berkshire is a charitsble company limlted by guarantee, incorporated In England and Wales. The
register8d office is 119 Broad Street Mall. Reading. Berkshire. RG17QE.
Age UK Berkshire was the sole shareholder of Age UK Berkshire Trading Ltd., incorporated in D8cember 2012 to
trade in non-charitable activities and products. Profits from this cornpany V￿re donated via gift-aid to Age UK
Berkshire, The non-charitable purposes ceased In 2018 followlng whlch Age UK Berkshlre Tradlng Ltd. became
donnant. There were no assets remaining. It has now been removed from th8 Reglster of Companles h8vlng been
formally dissolvad on 20 Jun8 2023.
1.1 Accountlng conv•ntlon
The financial staternants have been prepared in accordance with the charitable companys memorandum and
artlcles of association, the Companles Act 2006, th8 Financial Reporting Standard applicable In the United
Kingdorn and Republlc of Ireland (FRS102). AccounlSng and Reporting by Charities: Statement of R8comm8nded
Practice applicable to charityes preparing their accounts in accordance with the Financial Reporting Standard
appllcable In the UK and Republic of Ireland issued in October 2019, UK Generally Accepted Accountlng Practice
and appllcable charrty and company law. The charStable company is a Public Benefit Entity as defined by FRS102.
The financial ststements are prepared In sterflng, which is the functional curroncy of the charitsble company.
Monetary arnounts Sn these financial statements ar8 rounded to the nearest £.
The flnancial statemgnts have been prepared under the hlstorfcal cost conventlon. The principal accounung
pollcles adopted are set out b610w.
1.2 Golng concem
At the tlme of approvlng the flnanclal statements, the Trustees have revlewed tha golng concem of tha charlty and
conslder that the charity h8S 8dèquat8 resource8 to contlnue In operational ex18tence for the fore8eeable futur8.
1.3 Charltable funds
Unrestrlcted and deslgnated funds are avallable for use at dlscretlon of the Trustees In furtherance of thelr
charltab18 oblectlves,
Restricted funds are subject to speclflc condltlons by donors as to how they may ba used. Tho purposes and usos
of the restrScted funds are Set out in the note8 to the accounts.
Transfers are made betsveen funds when adequate Justificatk)n 8nd supportSng evidence Is provided.
1.4 Funds Hold a• Agènt and Custodlan Tru•t••
Funds Held as Agent
Where the charity holds and administers funds as an agent on behalf of third parties. receipt of these funds are not
treated as income of the charity nor are distribution of these funds treated as expenditure of the charity. Balances
held on behalf of third parties aro disclosed in the notes to the financial ststements, along wlth a reconcllSatlon of
movements In the year.
Funds received and distributed in the capacity of agent are accounted for on a cash basls. The balance of funds
held at the year end is not recognised as an asset within the financial statements as the funds are not within the
control of the charity.
Funds Held as Custodian Twstse
Where the charity acts as a custodian Irustee, it holds and administers funds for third parties but has no dlscretion
over their use. These funds do not fonn part of the charitys own resources and are therefore excluded from the
Statement of Flnanclal Actrvities.
The balances held as custodian trustee are disclosed in the notes to the financial statements, with a detailed
analysls of the funds held, movements during tha year. and the year-end balance.
Page 17

AGE UK BERKSHIRE
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
1 Accountlng pollcl•s (continued)
1.5 Incomlng resources
Grants are accounted for on an accruals basis and allocated between funds according to the basis of the grant
being provided. Grant income is recognised when the charity is entitled to it after performance conditi'ons have
been met, the amounts can be measured reliabty and it is probable that the income will be received. Where the
charitable company Is requlred to repay any part of the grant a provision is made for the amount due to be repald.
All income is Included In the statement of financial activities when the charltable company Is entltled to the Income
and the amount can ba quantified wlth reasonable accuracy. The following specrfic policies ar8 applied to
particular categorles of Incoma:
(i) Vduntary income Is recelved by way of donatlons and gifts and is included In full In the statement of financial
activities when receivable.
(il) Donated services and facilities are included at the value lo the charitable company where thls can be
quantlfled. The value of servlces provSd8d by volunteers has not been Included In these financ5al statements
as St Ss dlfflcult to quantlfy thls value wlth reasonable accuracy.
(111) Investment Income 58 Included when receivable.
(iv) Incom8 from charitable activitles relate to grants and servlc8 lev81 agreements. Th8s8 aré rècorded when the
charitable company becomes unconditionally entitled to the grant or the perfomiance criteria of the serviGe
level agreement has been satisfied.
1.6 R•8ourc•• •xp•ndod
Expenditure Is recognised on an accruals basls a8 a Ilablllty18 Incurred. Expend5ture includes any VAT which
cannot b8 fully recovered, and is reported as part of the expenditure to which It relates:
(l) Expendlture on raislng funds comprise the costs assodated wth attracting voluntsry Income and the costs of
fundralslng actlvltles.
(li) Charitable expenditure comprlses those costs Incurred by the charitable company in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allocated directly to Such
actlvltles and those costs of an indirect nature n8c8ssary to support them.
{111) All costs are allocated betrNeen the expendbture categorfes In the statement of financlal actlvltl88 on a bas18
designed to raflact the us8 of the resource. Costs relatlng to a particular actlvlty are allocated dlreclly, other
are apportJoned on an appropriate basis.
1.7 Tanglbl• flxed a$$•ts
Tangible fixed assets are Inltlally rneasured at cost or. where donated, at valuation at th8 tlma of acquisitlon.
DepreciatK>n is provided at rates calculated to write off the cost less estimated residual value of each asset over Its
axpected useful lrfe, as foll0v￿.
Fixtures
Fumiture & equlpment
Computers
6 years straight line
3 years straight line
3 year3 Straight Ilne
The gain or loss arlslng on the disposal of an ass8t is d8termin8d as th8 difference between the sale proceeds and
the carrying value of the asset, and Is recognised in net incomel{expenditure) for thè year.
1.8 Impalrnient of fixed assets
At each reporting end date, the charitable company reviews the carrylng amounts of rts tangible assets to
detemilne whether there is any indication that those ass8ts have suffered an irnpainnent loss. If any such
indication exists. the recoverable amount of the asset is estimated in order to deterniine the extent of the
impainnent loss (if any).
1.9 Cash and cash equivalents
Cash and cash 8quivalents include cash In hand. deposits held at call wlth banks, oth8r short-temi liquid
investrnents with original maturiti8s of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
Page 18

AGE UK BERKSHIRE
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policios (continued)
1.10 Flnanclal Instruments
The charitable company has elected to apply the provlslons of Section 11 'Basic Financial Instrum8nts' and S8Ction
12 '0ther Financial Instruments Issues, of FRS102 to all of its financial Instruments.
Financial instruments are recognised in the charitable companjls balance sheet when tha charitable company
becomes paty to the contractual provlsions of the instrument.
Financial assets and liabilities are offset. wlth the net amounts presented in the financial statements, when there is a
legally enforceable right to set off the recognlsed amounts and there Is an Intentlon to settle on a net basls or to
realise the asset and settle the liabilty simultaneously.
Baslc Ilnanclal assots
Basic financlal assets, whlch Indude debtors and cash and bank balanc88, are Initially measured at transactlon prfce
including transaction costs and are subsequently carrled at amortised cost using the effective interest method
unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value
of the future receipt8 dlscounted at a market rate of interest. Flnancial assets classified as recelvable wlthln one
spar are not amortlsed.
Ba•k Ilnanclal Ilabllltle•
Baslc financlal IlabS1itles, Including creditors and bank loans are initially recognised at transaction price unless the
arrangement constitutes a financlng transaction, where the debt instrument Is measured at the present value of the
future payments discounted at a market rate of interest. Financlal liabilities classtfied as payable within one year are
not amortls8d.
Debt Instruments are subsequ8ntly carrled at 8mortSsed cost, U85ng the effectlve Interest rate method.
Trade credltors are obligations to pay for goods or seNices that have been acquired In the ordinary course of
operations from suppliers, Amounts payable are classlfied as current Ilabilities If payment Is due within one year or
less. If not, they are presented as non-current liabillties. Trade creditors are recognised Inltlally at transactlon prlce
and subsequently measured at amortlsed cost uslng the effective interest method.
D•rocognltlon of flnanclal Ilabllltl•¥
Financial Ilabllltles are derecognised when tha charitable companys contractU81 oblSgatlons expire or are discharged
or cancelled.
1.11 Employee benoflts
The cost of any unused hollday entltlernent is recognised in the period in which the employee's servlces are
received.
Termination benefits are recognlsed immedlately as an expense when the charitable company is demonstrably
committed to terminate the employment of an employee or to provide temlnation benefits.
1.12 R•tlrnm•nt bonofits
In respect of some stsff the charitable company contributes to a superannuatlon scheme at rates sel by the scheme
actuary and advised to the charitable company by Ihe scheme administrator. For other Staff, the charitsble company
operated a defined contrlbutlon scheme under autowenrolment. ContrSbutk)ns payable are charged to the stst8ment
of financial activities in the year in which they are payable.
1.13 Operatlng Leases
Rentals payable under operating leases are charged as an expense as they fall due.
1.14 Crnditors and provlsions
Creditors and provisions are recognised where the charitable company has a present obligation resulting from a
past event that will probably result in th8 transfer of funds to a third party and the amount due to settle the obligatk)n
can be rneasured or estimated reliably. Creditors and provisions are nomially recognised at their settlement value.
Page 19

AGE UK BERKSHIRE
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
1.15 Debtors
Debtors are recognised at the settlement amount due.
1.16 Inv￿lMents
Investrnents are Includ8d at closlng mld-market values at the balance sheet date. Gains and losses on
revaluation are taken to the Statement of Financial Activities. Investments are managed by Quilter Cheviot
Asset Management, Long Acre, London. WC2 9RA.
1.17 Taxatlon
The charitable Company is exempt from corporatlon tax on Sts charftable activlties.
2 Crltlcal accountlng ••tlmate• and Judgements
In the application of th8 charitab18 company s accounting policies, the Trustee8 are required to make
Judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical experience
and other factors that are considered to be relevant. Actual results may differ from these estimates.
The e8tlmates and underlylng assumptlons are revlewed on an ongolng basls. Revlslons to accountlng
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future perSods where the revlslon affects both current and future
periods.
There were no Judgment or matarfal astSmation uncertainties 8ffectlng the reported financial performance in the
current or prbr year.
3 Donallon• and16gaclo8
Unr••trlct•d R••trlct•d
fund8
funds
2024
2024
Total
Total
2024
2023
Donations and gifts
Legacies receivable
9,947
533 320
9,947
14.317
500
543,267
543,267
14.817
For the year ended 31 March 2023
11,517
3.300
14,817
4 Charftable actlvltle•
Unrestrlct•d R•gtrlct•d
2024
2024
T¢)tal
2024
Total
2023
Active Living
Befrfending
Charged for Services
Crisis Prevention Support
Dementia Support
Grant Admlnlstration
Help Around the Homa
Infomiatlon & Advice
Non-seNice specific
40.170
67,926
186,876
282.997
289,820
18,454
18,857
10,714
58,624
26.750
86,783
80,516
197,590 136.016
282,997 154,010
292,157 236.618
43,500
149,896 141,024
59,119
49.343
050
2.337
149,896
59,119
1,089,854
51,362 1,141,216 897.818
For the year ended 31 March 2023
828,093
69,725
897,818
Page 20

AGE UK BERKSHIRE
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
4 Charltabl• Actlvltes (continued)
The above income includes local authority grants of £861.309 (2023: £625.020) In relation to service level
agreements,specific govemment funded projects and adrninistration of the Household Support Fund.
Unrestrlcted Restrldgd
Total
2024
2024
2024
Total
2023
GranVSeDilce level agreements
Charged for Services
Grant incom8
839,411
237,393
839,411 625,020
237.393 177,533
1,089,854
828,093
51.362 1,141.216 897,818
69, 725
897,818
For the year ended 31 March 2023
5 Othèr tradlng aGtlvltle•
Unr•strlct•d Rostrfctod
fund8
funds
2024
2024
Total
Total
2024
2023
Fundraising Income
For the year ended 31 March 2023
6 Inv•8tm•nt Incom•
73
73
118
118
It8
2024
2023
Investment income
Bank interest
36.842
228
29,392
138
All Investment Income for the current and prlor year was unrestrfcted.
7 Othar Incom•
2024
2023
Other Income
All other Income for the current and prfor year was unrèstrfcted.
Unrn$trl¢t•d R•strlct•d
fund•
funds
2024
2024
225
8 Cogt of ralslng funds
Totsl
Total
2024
2023
Investment management fees
For the year ended 31 March 2023
8,124
8,124
9 Charftablo actlvlty owndftur•
Unrostrlctod R•8trlct•d
fund•
funds
2024
2024
Total
Total
2024
2023
Active Living
Befriending Service
Charged for Servlces
Crisis Prevention Support
Dementla Support
Grant Administration
Help Around the Home
Infomiation & Advice
Non-project specif
8,376
26.773
193,952
115.709
183,749
29.284
10.566
10,714
31
37,660
29.211
37.339
42.092
204.668 168.110
115,740
46.905
187.211 144,919
7,261
35.279
77,273
72,189
38,446
25.538
839
7,261
77,273
38.446
839
645.117
327.999
19.020
992.136
771, 750
61,318
706,435 564,243
327,999 254,581
10.279
61,318 1,053,454 829,103
57,353
829,103
Support costs (see note 10)
Govemance costs (see note 10)
For the year ended 31 March 2023
Page 21

AGE UK BERKSHIRE
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
10 Support and gov•mance costs
Unre8trfcted Restrfcted
funds
funds
2024
2024
Total
Total
2024
2023
Support
Staff costs
Administration costs
Depreciatlon
Fixed Asset retirement
178,700
141,454
178,700 159,987
141,454
84,360
7,845
10,234
Gov•rnanc•
Auditllndependent examinatlon
Accountancy
Legal and profe3sk)nal fees
Tru8tee8' meeting expenses
6,570
6.570
1,850
6.912
1,517
4.288
518
4,288
518
347,019
347,019 264,860
For the year ended 31 ma￿ 2023
260,573
4,287
264,860
Govomanca ￿sts Includes £nil (2023: £2,000) In respect of the independent examination, and £6,570 (2023: £nll)
In respect of the audlt.
11 Tru•ts••
None of the Tru8tees (or any per8on8 connected with them) received any remuneration or relmbursed expense8
during the current or prlor year. The Charity8 Insurance pollcy Includes trustee Indemnlty Insurance.
12 Employe••
Numbor of •mploy•o•
The average monthly nurnber of employees durfng the year was:
Management
Other
2024
2023
Numb•r Number
45
47
Employment costs
2024
2023
Wages and salarles
Social security costs
Pension costs
Other staff costs
575,085 455.102
28,876
21.645
18.044
22,598
653.968 527,994
There were no employees vthose annual remuneration was £60.000 or more.
The aggregate remumeration of key management personnel during the year was £83,637 (2023: £87.230)
In a(Sdition, a great amount of tlme, the value of whith has not been reflected in these financial statements, is
donated by our many volunteers.
Page 22

AGE UK BERKSHIRE
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
13 Tanglblo Flxed Assets
Offlc•
Equlprnent
Flxturns &
Flttlngs
Computer
Equlpment
Total
Cost
At 1 April 2023
Additions
Disposals
At 31 March 2024
6.935
27,483
27,944
6,570
62,362
6,570
6,935
27,483
34.514
68,932
Dopreclatlon
At 1 April 2023
Depreciation charge during the year
Eliminated on dlsposal
At 1 Aprll 2023
6,935
18,322
4.581
26,134
3,264
51,391
7,845
6,935
22,903
29,398
59,236
Net Book Value
At 1 Aprll 2023
9,161
1,810
10.971
At 31 March 2024
4,580
5,116
9,696
14 Invo8tm•nts
Investments held by the charftsble company are extemally managed by Qullter Cheviot. An annual report
has been provided by them as follows:
2024
2023
Market valu8 at 01 Aprll 2023
Additions in the year
Cash introduced
Obsposal proceeds
Realised and unrealised galns
Market value of Inve8tmenl8 at 31 March 2024
936,117
311,528
986,636
91,857
(153,218}
(55,759)
86,617
936,117
1,179,025
Hlstorlcal cost of Investments
933 220
927 524
Cash held by investment manager
537 247
Total valu• of Invostrnonts at 31 March 2024
1,716,272
954,057
Investments at market value comprised of:
UK fixed interest securities
Equities
Altemative Investments
Cash and Cash Products
339,802
671,546
117,182
587 742
198,755
561,781
118,096
75,425
Total market valu• of Inv•stm•nts at 31 March 2024
1.716,2n
954.057
Page 23

AGE UK BERKSHIRE
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
15 Dgbtors: amounts falllng due wlthln one year:
2024
2023
Trade debtors
Prepayments and accrued income
Other debtors
41,724
80,384
74,514
19.464
122,672
96.105
16 Crndltord: amounts falllng du• wlthln on• ￿ar.
2024
2023
Trada crédltors
Other taxatlon and sod81 securlty
Other creditors
Accruals & deferred income
20,375
12,387
3.069
14.201
8.220
19,818
68.826
111,938
17 Rostrlcted funds
Mov•m•nl In funds
Balance at Incomlng Resource•
1 Aprll 2023 rnsourc•s •xponded
Balanc• at
31 March
2024
Tran8f•rn
Age UK COL grant
Twyford Gardeners
West Berks Wlnter Fund
Woklngham Unlted Charities
Bracknell ForesVFrlmley NHS
utley Famlly Foundatlon - Power of Muslc
10,000
29,265
2,240
(39,421)
{3,070)
<7,221)
(40)
(10,566)
156
830
7,221
960
8,291
18,857
18,221
51,362
(61,318)
986
9,251
Prioryear
Movement In fund•
Balanc• at Incomlng Ro8ourc••
1 Aprll 2022 r•sourc•• expendod
BalanGg at
31 March
2023
Trnnsf•r8
Age UK COL granl
Mobbs Memorial Trust
NHS Charities Together
Twyford Gardeners
West Berks Winter Fund
Wokingham Untted Charftles
10,000
3,300
8,725
10,000
(3.300)
(8,725)
(2,549)
(42,779)
2,549
50,000
7,221
73.025
(57.353)
2,$49
18.221
Page 24

AGE UK BERKSHIRE
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
17 Restrlcted funds (continued)
e UK Cost of Livin
Grant - providing domestic support for older p8opI8 to maintain thalr independence
through the provision of handyperson and gardening, maintain or increase attendance at physical activity
sessions or social groups.
ord Gardeners - Gardenlngl allotment project In Twsrfordl Ruscomba utillslng the power of gardènlng to
improve older peoples mental health,
West B rk hi
Win
Household support for persons of pensionable age, including infomiation &
advice.
Wokin
ham United Charities - a grant towards hospltal transport costs for the resldents of Woklngham
Borough Council when other avenues aren't avallablelapproprlate.
ra
Friml NH
- a grant to support the Befriending Seprfice in Bracknell.
rnil Found tion P
- a grant to support Memory Lane dementia singlng groups.
18 Analy818 of not a880ts ￿tWo6n fund•
Not Curr•nt
Flxod A•80ts Inv•stm•nts A88•ts I
(Llabllltlesl
110,541
200,000
Dofln•d
Bonoflt
P•n•lon
8ch0me
Total
2024
Unrestrlcted general fund
Designated fund
Pension fund
Restricted fund
9,696
1.373,272
343,000
1,493.509
543,000
197,000)
(97,000)
9,696
1,716,272
319,792
(97,000)
1,948,760
Net Current
Assgts /
(Llabllltles)
103.736
200,000
Defined
Benefft
Penslon
Scheme
Piioryear
Fixed Assets Investments
Total
2023
Unrestricted gonar81 fvnd
Designated fund
Pension fund
Restn'cted fund
10,971
611,057
343,000
725. 764
543,000
(135,000)
(135,000)
tO,971
954,057
321,957
(135,000)
1, 151,985
19 Pon•lon$
The charitable company is a member of the Royal County of Berkshlre Penslon Fund. ThSs is a muftl-
employer scheme of which the charitsble companys share of the underfylng assets and Ilablliles can be
Klentified.
Funding approach: The Employer currently participates in the Admitted Bodies pool with other employers in
order to share experience of risks they are 6xpos8d to in the Fund. At tha 2022 valuation. the d8ficrt for th8
whole pool was CAlculated and allocated to each employer in proportion to their value of liabilities. The next
reallocation will be caThied out in the 2025 valuation, should the Employer r8main in the pool. Each employer
within the pool pays a contribution rate based on the cost of benefits of the individual membership of the Fund.
Page 25

AGE UK BERKSHIRE
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
19 Pgnslons (continued)
The followin9 figures have been taken from the Actuarial Valuation of the scheme carried out by Barnett
Waddingham at 31 March 2024
The main assumptiDns used buy the actuary were as follows..
Discount rate
Pension increases (CPI)
Salary Increases
From 1 January 2013 the expected rate of retum on asset is replaced by a single net interest cost which will
effectlvely set the expected return equal to IAS19 discount rate.
31 March 2024 31 March 2023
4.85%
2.90%
3.90%
2.90%
3.90%
31 March 2024 31 March 2023
£000
Net pension assat as reported by Actuary
Estimated employer assets
Present value of scheme118bilitles
N•t Pon•lon aM•V{Ilablllty)
703
838
(135)
197)
Tho rgconclllallon of as•ets wa•:
31 March 2024 31 March 2023
£000
£000
Opening fair value of scheme assets
Interest on Assets
Retum on Ass8ts less Interest
Admlnlstratlon expenses
Actuarlal (lossesygalns
Contrlbutlons by employer
Contributlons by schame partScSpants
Beneflts pald (esl)
703
33
29
713
18
{17)
25
(1)
12
11
58
(1)
12
10
38
703
Th• r•conclllatlon of Ilabllltl•s wa•:
31 March 2024 31 March 2023
£000
£000
Openlng defined benefit obllgatlon
S8rvlc8 cost
Interest cost
Change in Financial assumptions
Change in demographlc assumptlons
Experience {loss)Igain on defined b8nefrt obllgation
Benefits paid
Contributions by scheme participants
Closlng d•flnad b•n•fit obllgatlon
838
1,089
27
28
(360)
(31)
132
(58)
(4)
(13)
138)
10
838
Amount r•cognlsod In th• Actuarlos
Proflt and Loss Account
31 March 2024 31 March 2023
£000
Serlce cosl
Net interest on defined liabilty (asset)
Administratlon expenses
Net rnv•nuo cost l (income)
27
10
17
38
Actuarfal (lossygaln on defined beneflt ponslon
31 March 2024 31 March 2023
£000
Increasel{decrease} in fair value of scheme assets
(Increaseydecrease In defined benefrt obligation
Actuarfal (Ios8)Igaln on defined benefit penslon
(10)
251
241
38
Pag8 26

AGE UK BERKSHIRE
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
20 Operatlng lease commltments
At the reporting end date the charitable company had outstsnding commitrnents for future minimum lease payTnents
under non-cancellable operating leases. which fall due as follows:
2024
2023
Within one year
B8tween two and five years
More than five years
29,170
62,559
29,170
91.963
91,729
121,133
21 Rolated Party Tran8actlon8
No directorltrustee recelved any remuneratSon or wa8 relmbur8ed for any expenses In the year (2023: £nll). There
were no other related paty transactlons.
22 Funds held as Ag•nt and Custodlan Trusts•
The charity administers funds on behalf of other organisation8 as an agent and a8 a custodian trustee. These funds
are not included within the statement of financial activities as they do not represent the charity8 own resources. The
balance of these monies held do not belong to the charity and are not indudad in these accounts. The movements
on these funds and the balances held at the year end are detalled below.
Analy&'s of funds held as an Agent and as Custodlan Trustee
Capaclty of
Op•nlng
Holdlng
Balanc•
Agent
Funds
R•celv•d
Funds Pald Out
Clo•lng
Balanc•
Dementla Frlendly We8t
Berkshire (DFWB)
West Berkshire Houslng
Support Fund
Anonyrnou8
7,810
(2,843)
4,967
Agent
40,000
(2.040)
37,960
Agent
(2,127)
14,775
(3.905)
8.743
(2.127)
62,585
(8.788)
51,671
Advocacy Cllents
Custodian
Trustee
448,786
255,660
(342,201)
362,246
Total funds hold as Agont and Cu8lodlan
Tru•ts•
446,659
318.246
(350.989)
413,916
Dementla Frfendly West Berkshlre (DFWB).. held as Agent, DFWB is a group of individuals, volunteers and
organisations, including local businesses, the local authorty, the emergency services, charities and more who aro
committed to working together to make West Berkshire more dementia friendly. They work together with peopla
livlng with dementia and their carers to ensure their voices are heard. The aim and purpose Is to raise awareness of
d8m8ntla, Increase th8 range and div8rsity of s8rvic85 available, reduc8 lonlin8ss and isolatlon, and incraasa
inclusivty and support. The fund was pr8viously administered by West B8rkshirn Council.
West B•rkshlrn Housohold Support fund.. held as Agent and distrlbutlng on behalf of West Berkshire Council.
Funding is to support the residents of West Befkshire wrth food, energy, wider essentials relating to food and energy
{l.e. dothing), and household essentlals.
Anonymous Fund.. held as Agent from donors who wish to remain anonymous to award small grants to older
people aged 60+ who are resldent in Berkshlre who are In need of some financial asslstance. Appllcations can only
be made once per annum wilh a maximum of £1,800 and only one award can be made in any 3 year peri¢xl. Any
award must be for the purchase of goods or services, there are no cash awards.
Page 27

AGE UK BERKSHIRE
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 MARCH 2024
22 Funds held as Agent and Custodlan Trustee (continued)
Advocacy Clients." held as Custodian Trusteo. Thè charity provid8s financial advocacy services to old8r p8opl8. A
Barclays Bank plc Client Account is maintsined to hold monies held on behalf of advocacy dients, plus a Current
Account and Savings account for working capitsl on day to day Spending. Individual records for each client are
maintained, with income and expenditure being detailed. The charity has no involvement in the decision-making
process regardlng the expendlture of these funds and no beneficial interest in the assets.
THANK YOU
Age UK B•rkshlrn would Ilk• to •xt8nd th•lr thanks to th•lr fund•r• and supportars, Includlng:
Wokingham Borough Counc51
West Berkshlre Coundl
Reading Borough Councll
Bracknell Forast Councll
Frfmley ICB
Twyford & Ruscomb Parish Coundl8
Wokingham United Chariti88
Sp•clal thanks to the legator• who loft mon•y to us In th•lr wlll:
Edna Hlgglns
Helen Mosselmans
Sheila Coates-Perkin
Page 28