Charlty number: 1155211
Age UK Sheppey
Unaudlted
Trustees. report and flnanclal statements
For the yoar ended 31 March 2024

Age UK Sheppey
Contents
Page
Reference and admlnlstratlve detalls of the Charlty, Its TrusteeB and advlsers
Trustees. report
Independent examlnerfs report
Statement of flnanclal actlvltles
10
Balance sheet
12
Statement of cash flows
13
Notes to the flnanclal statements
14-29

Age UK Sheppey
Reference and admlnlstratlve detalls of the Charlty, Its Trustees and advlsers
For the year ended 31 March 2024
Trustees
Ms Bevertey Nolker, Chair (appointed 30 August 2024)
Mr P Murray
Mr M Regan-Kennard (appointed 14 June 2023)
Mr N Martin (resigned 14 June 2023)
Mr A Doucy, Chair (resigned 30 August 2024)
Charlty reglstered
number
1155211
Prlnclpal offlce
43 Trinity Road
Sheerness
Kent
ME12 2PF
Chléf executlve offlcer
Mrs L Nowell Hltchcock
Accountants
Kreston Reeves LLP
Chartered Accountants
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
Bankers
Barclays Bank
12 Broadway
Sheerness
Kent
ME12 1AE
Independent Examlner
Samantha Rouse FCCA DChA
Kreston Re8ves LLP
Montagug Plac8
Quayside
Chatham Maritlme
Chatham
Kent
ME4 4QU
Page 1

Age UK Sheppey
Trustees. report
For the year ended 31 March 2024
Th8 Trustees present their annual report together with the financial statements of the Charity for the year 1 April
2023 to 31 March 2024.
Objectlves and actlvltles
a. Pollcles and obJeGtlves
The Charitvs aim is to increase th8 reach of Age UK Sheppey CIO, enabling more people to access beneficial
support, to promote the wellbeing of all old8r people and to make later life a fulfilling and enjoyable experience.
Key objectives are to:
Maintain and continue to develop quality social opportunities.
Continue developing our core community services including home support, meals delivery, befriending,
companionship to support more people in their own homes assisting them to live independently for longer
Increase the capacity of service users on our Information and Advice services.
Listen to older people, identifying their needs to be able to offer person-centred support wherever possible
Expand upon existing services as well as establish new wellbeing services to meet identified needs e.g.
people with a cognitive impalrment, suffering ill-health, disability, feeling socially isolated, facing financial
hardshlp, etc.
Expand upon the number of volunteers supporting our services.
Remain compliant with all Policies and Procedures
In setting objectives and planning for activities. the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidanc8 'Public benefit: running a
charity (PB2)'.
b. Strategles for achlevlng obJeGtIvo8
To enable us to achleve our objectives to a wlder audience, we have adopted a numbar of strategies to assist
us, including..
Working closely with an extensive array of local organisations to collectively provide more coherent and
coordinated support for older people. their carers and families in our local community.
Worklng in partnership with our local GP surgeries (Sheppey Primary Care Network). Community N8vigators
and KCC Community Wardens to share resources, signpost to a wide range of community initiatives and link
like-minded people together to help reduce loneliness and isolation.
Continue to work closely with our Kent Age UK'S l Age Concerns since losing local govemment Kent County
Council grant funding. Working together to joint bid on future funding opportunities.
Seeking extemal funding to assist and enhance both our in-house centre-based and community setvices on
offer.
Continue to recruit and retain multi-skilled staff and volunteers to enhance and strengthen our existing team
including providing appropriate training and development opportunilies for them all.
Maintaining both our ISO 9001.2015 and Age UK'S Charity Quality Standards certifications which as
recognised by Charity Commission and have been upheld by our organisation since 2014 undergoing regular
inspections.
Our ongoing strategy very much includes promoting greater awareness of the services that Age UK Sheppey
CIO can provide in order to ensure we have a greater impact within our local community. We continue to
raise our profile with the aid of local press, radio stations, working collaboratively with local businesses and
similar organisations as well as utilising our own social media sites and website resources. Utilising our new
Community Connector to attend networking events and promote within the local community.
Alongside developing our existing services, we continue to explore the introduction of additional services in
conjunction with our current activities offered and which can provide added benefit to all clients.
Page 2

Age UK Sheppey
Trustees. report (contlnued)
For the year ended 31 March 2024
Objectlves and actlvltles (contlnued)
c. Actlvltles undertaken to achleve objectlves
Day Services - including social day clubs operating from our Social and Activity centre, dementia support,
footcare, hearing aid battery exchange and NHS One You wellbeing clinic.
Community Services - including fresh meal delivery service from our 5. rated kitchen, at home services to
include shopping and prescription collectionsldeliveries and welfare callslvisits. Memory Cafes across the
Isle of Sheppey to support clients and families with dementia support. Offering carers awareness sessions
for dementia families and carers.
Information and Advice
A provision of a drop in seniice provided by Ilnk agreement with Age UK
Faversham and referral system for support.
Marketing and advertising our services via local press and radlo, leaflet distribution, collection tins held by
local businesses and key establishments, working in collaboration with other similar networking groups. as
well as utilising our up dated website. social medla outlets.
Actively worklng in conjunction with similar organisatlons including Sheppey Primary Care Network, Imago,
Sheppey Dementia Friendly Communlty, Llghthouse Group, Sheppey Communlty Development Forum, local
housing associations and local council focus groups to raise awareness and make Improvements to support
and aid all residents. Working with Age UK Kent Rivers (Faversham) and other local organis8tions on
collaborative projects
Fundraising events and activities. raffles, and donations both inhouse and via social medla. Arranglng events
for local residents to hold stalls and help us fund raise, led by a new volunteer group.
Volunteering
including recruiting individuals both on a regular and ad-hoc basis. ConnectSng with Swale
Voluntary Services, local Job Centre, and local Collages, to promote and help build our volunteer team.
Looking at our befriending seNices and training volunteers to be facilitate this seniice.
Regular internal and external reviews of all services by means of regular meetings for management tearns,
departmental teams and volunteers. To include team meetings and team building exercises, Spot checks for
our At Home services, Brainstorming meetings wlth staff, Slaff reviovls and regular Staff briefings and
appraisals.
We have also Introduced staff reward system for going above and beyond and shall continue to look at other
encouraging reward schemes for staff and returning clients.
d. Impact
The Isle of Sheppey is located off the northern coast of Kent, made up of six main electoral wards and covers an
area of 36 square miles. Sh8ppey suffers from a high proportion of deprivation and isolation along with lack of
emplo￿nent opportunities, community facilities, insufficient infrastructure with a rather sporadic public transport
system. It is estimated around 230kn of Sheppey's population is over 65, with around 30/0 being over 85 and is a
popular retirement location. The number of people reaching out to Age UK Sheppey increases year on year with
demand on our services becoming more and fflore stretched due to restrictive funding available. With such a
vast area to cover across Sheppey along with quite often feeling like a closed off community from the mainland,
it is apparent how our services are critical to local residents. We are told on a regular basis how we provide a
much-needed lifeline, not only direct to service users, but also their families and friends too. With our team being
readily available. we are able to help relieve tension and worry by providing a 'one stop shop, empowering older
people and providing them with the tools and skills to live independently for longer.Without our core services on
offer and the social opportunities we provide, we have no doubl many older people living on Sheppey would
quickly feel lonely and isolated stuck indoors with limited or, in some cases, nowhere suitable for them to go. Our
clubs provide a day filled with fun, laughter, activities and companionship, which is known to help with mental and
physical health as well as their wellbeing meaning fewer people needing access to and putting an ever-
increasing strain on local authority services.
Page 3

Age UK Sheppey
Trustees. report (contlnued)
For the year ended 31 March 2024
Objectlves and actlvltles (contlnued)
In th8 current financial crisis and need to provide more support for our local community has meant the
organisation is struggling financially. using reserves to be able to continue our core services. The restructure has
meant that we are using less reserves to continue all services, but th8re are still gaps for sustainability. With best
price sourced on all our contractors and buying we feel we need to look at the seNices we provide and uplift the
way we are delivering services and still make cuts where services are failing or not needed. With a new financial
system in place we are finding it easier to identify failing services. measures of targets have been put in place to
help services be sustainable. The new logo to include 'lnfinity has been very welcomed, along with new
uniforms, redecorated Soci81 and Activity Centre, Garden and introduction of our Dementla Snug. We are
hopeful that this will bring in the revenue to sustaln our ser¥ice.
We remain committed to $8n4ing our local community in the best way we can and are always looking for ways to
improve upon services offered. Funding opportunities are crucial to us maintaining a high calibre of service along
with allowing the opportunity to expand with new projects meeting current community needs and demands. We
always welcome the opportunity to work alongsid8 and in conjunction with other extemal organisations. increase
our outreach and knowing that together we can make a real difference on Sheppey.
Achlevements and performance
a. What we do
IN HOUSE SERVICES
The Inflnlty Soclal and Actlvlty Centre Age UK Sheppey CIO now operate 1 day centre on the Isl8 of Shepp8y;
Rosemary House, which incorporates our Social and Activity centre. Our smaller Day Centre. Roxeth closed
during Covid remains on the market for sale. The Social and Activity centre provides a suitable range of social
opportunlties and well-being services Monday to Friday (excluding Bank Holidays) and acts as a community hub
for local. older people, and is a great point of contact for signposting to other organisations.
Activities offered at our centre are delivered by our dedicated Infinity team and Infinity volunteers, the service is
headed by our Infinity Social and Activity Team Leader. Suitably adapted wheelchair friendly vehicles 8r8
available providlng door-to-door transport, if required, and many clients attend on a walk-in basis. We have also
collaborated with a local organisation to help provide transport for the centre. We provide a small breakfast menu
as well as serving a freshly cooked hot two-cours8 lunch each day and will cater for special dietary needs
wherever possible. The Infinity Social and Activities Centre is open 4 days a week from 10 till 3 for anyone over
50, with the 5th day being our dedicated dementia friendly day. The Centre is also used for outsourced specialist
tutors and speakers to come in and support our staff with a programme of activities. These include Arts and
Crafts, Line Dancing, Chair based exercises, singing sessions. Our Volunteers also provide extra support with a
Knittlng café and craft workshops.
Outlngs - Our outings have been re-introduced once a month on a Thursday as a pilot scheme to measure if
this service is sustainable and need8d. This operates from our Social and Activity centre and is led by our Social
and Activity Team Leader and Volunteer, It provides a chance for our clients to have a chance to get out and
about, do some shopping, enjoy a meal out of the centre with friends and socialise.
Dementla Servlces
Our Dementia services have changed during this reporting period seeing a new Team Leader in place and two
new Team members. Our team and services have been increased due to the closure of the local Dementia
facility. We now provide 3 days of senlice in our centre. 2 days are in our new 'Snug' area and 1 day in our Social
and Activity centre. The 'Snug' area is a unique opportunity for clients with Dementia and memory related
illnesses to come together in a smaller space where they can feel supported and comfortable. It is a light airy
room with good staff ratio to provide an environment to retain memory and life skills. The 'Snug' is suitable for
clients who are in the mid to later stages of their condition and is limited to 8 clients at any one time. Our Social
and Activity centre is open on a Thursday for our Dementia seNices to provide Social Activities for cognitive
retention. We have good staff ratio to clients and can provide services here for up to 25 clients. currently have 16
attending.
Page 4

Age UK Sheppey
Trustees, report {contlnued)
For the year ended 31 March 2024
Achlevements and performance (contlnued)
Informatlon and Advlce Drop In SeThlce
Our drop in service delivered from our clinic is a free service
offering confidential and impartial advice on welfare benefits and all associated aspects to local residents. We
operate this service In collaboration with Kent Rivers Age UK (formerly Faversham) the drop in sessions are run
once a month and can support residents over 50 with advise on benefits to include, Attendance Allowance,
Disability Living Allowance, Pension Credit. Personal Independence Payment. Housing Benefit, Council Tax
Disregards and Benefits, EON Warm Homes Project, Blue Badge applications. Age UK Kent River have a
dedicated trained advisors in place to take on our referral and arrange a one to one session within the
community if appropriate.
Footcare - Our chiropody servlce is operated by a Foot Health Car8 Professional every Thursday, offering foot
care and fingernail cutting services. This service is operated from The Infinity Social and Activity Centre in our
clinic room.
Equlpment Hlre - Wheelchairs are available to hlre weekly for a small nominal fee with a general increase in
demand during seasonal holiday periods.
Hearlng Ald Battery Exchange - Free seniice offering battery exchange (new for used) upon producing your
NHS battery exchange book. We also have High Kent hearing specialist come in once a month to operate a
drop-in repair service.
Wellbelng Checks
Run in collaboration with One You NHS community advisors. A chance for local people
over the age of 50 to come into our clinic room and access a wellbeing check, obtain advise and be signposted
to other health professionals where appropriate.
IN THE COMMUNITY SERVICES
Inflnlty Fresh Meal Dellvery - We are currently producing and delivering 23 meals per day Monday to Frlday
within our community and on average 18 in our Social and Activity Centre. Wherever possible, food used Is
sourced locally and we can cater for most special dietary requirements, including food allergies andlor
intolerances, offering sultable alternatives. Well balanced nutritional, seasonal menus are produced on a weekly
basis by our Fresh meal kitchen team. We also provide a delivery service, operated by At Home team members
to deliver to those unable to attend the centre. Our menus now include a vegetarian option and alongside the
main meal offer a snack pack. Frozen meals are also avallable for dients to order for weekends and extra meals
to support them.
Inflnlty at Home - This holistic service provides an extensive range of domestic tasks helping to support service
users remain independent. Our Infinity at Home Team Leader works well with her team members to provide a
package tailored to meet clients, specific needs. Service delivery has changed in the reporting period to offer 8
minimum of 1.5-hour slots and a cancellation fee has been introduced to move towards full cost recovery. We
have been funded by KCC for the past 18 months to deliver the Home Support Funding from KCC, this has
enabl8d us to support the most vulnerable in our community with weekly free shopping and free meals. This
funding is due to end in September. but remain hopeful it will be replaced by more help for residents throughout
the winter months.
Shopplng and prescrlptlon plck up- we continue to provide this service under our Infinity at Home heading.
Dementla Servlces
Our Dementia Team Leader provides dementia café's acro&s the Isle of Sheppey to
support families who care for families with Memory impairments. These can be attended by carers and cared for
and provide an opportunity to weet others in similar situations.
Informatlon and Advlce Communlty Servlces - As part of our collaboration with Age UK Kent Rivers we can
provide a community services to help those not able to come along to the Drop In and can arrange longer one to
one support for form filling.
Page 5

Aga UK Sheppey
Trustees. report (contlnued)
For the year ended 31 March 2024
Achlevements and performance (contlnued)
Volunteerlng - We have seen a slow increas8 in our Volunteers in this reporting period. this is largely due to
advertising and networking. This can also be due to an upturn in residents feeling more comfortable with
returning to a work environment after COVID. All our volunteers DBS checked, and given training, uniform.
mileage allowance and free lunch.
b. Our Organlsatlon
We continue to participate in working collectively viith Kent Age UK'slConcems and others associated within the
Kent Consortium as KCC evolves its policy towards contracting its support for older p80ple. We also continue to
participate in developing a Joint approach with other Age UK'S to demonstrate the impact of our activities for
older people across Kent. The Consortium is due to change its vision, aims and objectives, towards a new
fresher approach to ageing. We are excited to be a part of this and welcome these proposals to embrace aging
and highlight that people are active. working and living longer. Likewise Age UK Central are adopting a n8W
strategy that will bg introduced by end of year 2024. The changes will encourage those over 50 to live a longer
more active life and will form part of our partnership agreement.
We continue to support those over 50 on the Isle of Sheppey with our 8ervlces for the public benefit. The
outcomes during this this reporting period have been achieved by supporting access to one of our core services:
Social and Activity Centre, At Home Services, Food Delivery Service, Dementia Services and l & A. Other ways
we have supported have been through partnerships and collaborative working with Foot Care services, One You
wellbeing, Hearing Aids through High Kent and projects under the Home Support Fund.
We upheld our ISO:90012015 accreditation November 2023 UK'S Charlty Quality Standards carrled out by ACS
Registrars. Our inspection by Quality Standards from Age UK Central were undertaken this year and two small
adlustm8nts to paperwork were made to meet standards delivered.
Cloud-based client management system Tagtronics proving an asset wlthSn our Infinlty at Home service whlch
also assists with day-to-day rostering and team data management.
Flnanclal revlaw
a. Golng concern
After making appropriate enqulrles, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the near future. With the hopeful sale of Roxeth, the trusteas
are confidenl that we are able to support 811 service shortfalls on our reserves, however they welcome full cost
recovery services for sustainability. The uplift via the restructure new seNices and planned changes to existing
service have been put in place and are showing a decrease in the need to rely on funding and our reserve. For
this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details
regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves pollcy
Th8 Trustees have considered Charity Commission guidance and have reviewed their reseNes policy in light of
current funding and financial climate. The following reserves are made from the Charity's unrestricted income
fund, and are in addition to the restricted funds shown in these note5:
£15,000 Redundancy Reserve - to cover the potential cost of redundancy payments - the likely timing of
which by nature cannot be foreseen.
£100,000 Funding Loss Contingency ReseDie - the likely timing of which by nature cannot be foreseen.
£89,063 'Castlewell' Reserve
for repairs and replacements. taken from the proceeds of sale of the
Castlewell premises at Queenborough - the likely timing of which by nature cannot be foreseen.
Page 6

Age UK Sheppey
Trustees. report {contlnued)
For the year ended 31 March 2024
c. Prlnclpal fundlng
With donations, legacies. and core funding opportunities on the decline. along with the loss of local government
statutory grants and the increase in minimum wage there was a need to impose a slight increase to services, an
increase in At Home minimum hours and cancellation charges imposed on most of our services. The
introduction of added payable activities and day trips, along with Lottery Funding has shown a slight increase
Income and sustainability for the Social and Activity Centre. We are hopeful that all the changes that have been
made over the this reporting period will show an increase in income through uplifted use of all our services over
the next 2 years. Affordability remains a key issue on the Isle of Sheppey as it includes some of the most
deprived areas for pensioner poverty in the country. We continue to source funding and b8st value to keep costs
for our services down and deliver support as affordably as possible.
d. Results for the year
In summary, income amounted to £524,766 (2023 - £313,980) and expenditure to £590,802 (2023 - £582,337),
There is a resulting net deficit for the year of £63,180 (2023 - £268,357).
As at 31 March 2024. the total funds of the Charity stood at £684.398 (2023 £750,434) of which £263,550
12023 - £296.547) is held in designated funds, £377,829 (2023 £401,372) in general unrestricted funds and
£43,019 (2023- £52.515) in restricted funds.
Slructure, governanGe and management
a. Con8titutlon
Age UK Sheppey is a regist6red charity, number 1155211, and is constituted under a Trust deed.
b. Method8 of appolntment or electlon of Tru8tees
The governance of the Charity is the responsibility of the Twstees who are elected and coopted under the terms
of the Constitution.
Our Trustee Nlgel Martin stepped down as Trustee in June 2023
Our Chair Alan Doucy stepped down as Chair in August 2024
New Chair Beverley Nolker was appointed in August 2024
New Trustee Martin Regan Kennard was appointed in August 2023
c. Organlsatlonal Structure and declslon-maklng pollcle8
The Charity is govemed by the Board of Trustees which is elected annually to oversee the organisation and
running of the Charity. The Board of Trustees are responsible for approving all policies and meet on a regular
basis. The day-t04Jay management of the Charity is devolved to the Chief Officer and staff team.
d. Pollcles adopted for the Indu¢tlon and tralnlng of Trustees
Trustees are recruited on the basis of the skills. knowledge and expertise required by the Board of Trustees to
fulfil its governan￿ role effectively. An induction procedure is followed, and training is tailored according to
individual needs.
e. Rlsk management
The Trustees have assessed the major rlsks to which the Charity is exposed, in particular those related to the
operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks.
Page 7

Age UK Sheppey
Trustees. report (contlnued)
For the year ended 31 March 2024
Structure, governance and management (contlnued)
f. Arrangements for settlng pay and remuneratlon of key management personnel
Our team members are on min wage at present and we are govemed by this, w8 offer a 30p increase for the
Team Leaders. Management pay is by benchmarking of similar salaries from other local Age UK partners via our
HR department. The next increase in April will be again derived from the min wage increase and Trustees have
agreed an increase across the organisation of just under 70h.
Plans for future perlods
Age UK Sheppey continue to work closely with KCC in their programme of procured outcomes for older people in
future years. We will continue to evolve our services to maintain a wide range of support to meet the needs of
older people on the Isle of Sheppey and seek funding to continue and develop our services. We plan to continue
to uplift our services and increase numbers to support those residents of the Island over 50. We shall look at
new ways to encourage participation by continue to improve and evolve a variety of activities to the Infinity social
and activity centre. Team Leaders will b8 SUPPOrted to engage more with local residents and take charge of their
own departments to increase numbers with given targets to become sustainable New incentives for both staff
and clients will be continued and a new voluntary funding team will be Introduced. Management will continue to
work with staff to enhance servlces overall and continue to cut costs and source funding to provide a sustainable
Charity for future generations of the Isle of Sheppey. Over the next 2 years all our seryices will be closely
monitored and evaluated so that we can move confidently towards sustaining the Charity for future residents of
the Isle of Sheppey. We will look at th8 needs of our local community and change sepiices where needed to
provide a rounded service to tha community.
Domentla
Our Dementla servlce contract finishes with ADSS in March 2025, we are hopeful that this will continue but need
to prepare for it ceasing. Our unique 'Snug' area is leading the way forward for the organisation and this service
can be increased with need.we shall continue to look at new memory services to support local residents and
source initiative ideas to be the go to organisation here on the Isle of Sheppey.
Fresh Meals
The menu from our 5. hygiene rated kitchen will continue to offer a range of nutritional two course meals, and
our Team Leader will continue to source best price. A new rota of food storage will be introduced along with
monthly stock takes to minimise wastage. New stream5 of income need to be introduced to increase revenue to
sustain this service. Wastage and storage comes at a huge cost to the organisation and environment, the focus
moving foThvard over the next 6months will be to reduce waste and minimise our freezers.
At Home
Our team leader will need to work with manag8ment to introduce ways to support local residents and introduce
upliftedlnew seplices to move towards sustainability.
Soclal and Actlvlty
Will continue to provide well rounded, supportive activities that are engaging and inclusive. They will continue to
provide the outings and look at new ways to encourage new uptake for sustainability. As an extra source of
income, we will look at the possibility of renting this space when it is not in use.
Flnanco Offlce
The Financial Officer will continue to work with our Head of Services to look at ways to reduce costs further and
reduce non-payments. They will continue to learn the new finance system and work to fully implement these
changes over the next 4 months.
Truslees
To work with the trustees to introduce a trustee day in our Social and Activity centre, so clients can have their say
directly, and the trustees can keep connected with how the Charity is supporting our local community. Increase
Irustees and put in place temi for chair and trustee for good practice.
Page 8

Age UK Sheppey
Trustees. report (contlnued)
For the year ended 31 March 2024
Statement of Trustees. responsibllltle8
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
statements, the Trustees are required to:
select suitable accounting policies and then apply them conslstently,.
observe the methods and principles of the Charities SORP (FRS 102).
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare th8 financial statements on th8 going concem basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeplng adequate accounting records that are sufficient to show and explain
the Charitys transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Charitles Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detectlon of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and slgned on their behalf by:
Ms Beverley No
Chair
Date..
er
Page 9

## **Age UK Sheppey** 

## **Independent examiner's report For the year ended 31 March 2024** 

## **Independent examiner's report to the Trustees of Age UK Sheppey ('the Charity')** 

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2024. 

## **Responsibilities and basis of report** 

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). 

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies. 

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. 

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. 

> Signed: S M Rouse Dated: 22 January 2025 

Samantha Rouse FCCA DChA 

**Kreston Reeves LLP** Chartered Accountants Chatham Maritime 

Page 10 



Age UK Sheppey
statement of flnanclal actlvltles
For the year ended 31 March 2024
Restrlcted Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
183,427
15,167
300,295
14,810
11,067
198,594
300,295
14,810
11,067
62,680
234,817
12.010
4,473
Total Income
183,427
341.339
524.766
313,980
Expendlture on:
Charitable activities
184,928
405.874
590,802
582,337
Total expendlturo
184,928
405,874
590.802
582,337
Net axpendlture
Transfers between funds
(1,501 }
(7,995)
{64,535)
7,995
(66,036)
(268,357)
15
Net movement In funds
(9,496)
(56,540)
(66,036)
(268.357)
Recon¢lllatlon of fund8:
Total funds brought forward
Net movement In funds
52,515
(9,496)
697,919
(56,540)
750,434
(66,036)
1,018,791
(268,357)
Total fund8 carrled forward
43,019
641,379
684,398
750,434
The Statement of financial activities includes all galns and losses recognised in th8 year.
The notes on pages 14 to 29 form part of these financial statements.
Pagg11

Age UK Sheppey
Balance sheet
As at 31 March 2024
2024
2023
Note
Flxed assets
T8ngible assets
Current assets
11
96,995
118,100
Stocks
Debtors
Cash at bank and in hand
12
13
1,817
36,423
568,624
3,364
18,224
629,466
606,864
651,054
Creditors.. amounts falling due within one
year
14
(19,461)
(18,720)
Net current assets
587,403
632,334
Total net assets
684,398
750,434
Charlty fund8
Restricted funds
Unrestrlcted funds
15
15
43,019
641,379
52,515
697,919
Total funds
684,398
750,434
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Ms Beverley N
Chair
Date..
er
The notes on p8ges 14 to 29 form part of these financial statements.
Page 12

Age UK Sheppey
Statement of cash flows
For the year ended 31 March 2024
2024
2023
Cash flows from operatlng actlvltles
Net cash used in operating activities
(90,200) (211,576)
Cash flows from Investlng acllvltles
Dividends. interests and rents from investments
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
11,067
26,286
(7.995)
4,473
(12,544)
Net cash provlded byl(u8ed In) Inve8tlng actlvltles
29,358
(8,071)
Cash flows from flnanclng aGtlvltles
Net cash provlded by flnanclng actlvltles
Change In Gash and ca8h equlvalent8 In the year
Cash and cash equivalents at the beglnning of the year
(60,842) (219,647
629,466
849,113
Cash and cash equlvalents at the end of the year
568,624
629,466
The notes on pages 14 to 29 form part of these financial statements
Page 13

Age UK Sheppey
Notes to the financlal statements
For the year ended 31 March 2024
General Informatlon
Age UK Sheppey CIO is a charitable incorporated organisation in England and Wales, with the charity
number 1155211. The registered office is 43 Trinity Road, Sheemess, Kent, ME12 2PF. The Charitvs aim
is to increase the reach of Age UK Sheppey CIO. enabling more people to access beneficial support, to
promote the wellbeing of all older people and to make later life a fulfilling and enjoyable experience.
Accountlng pollcles
2.1 Basls of preparatlon of flnanclal Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) -
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fairf view and have departed from
the Ch8rities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'tru8
and fairf view. This departure has involved following the Charities SORP (FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Age UK Sheppey meets the definition of a public benefit entity under FRS 102, Assets and118bilities
are initially r8cognised at historical cost or transaction valu8 unless othenNise stated in the relevant
accounting pollcy.
The financlal statem6nts are presented in British Sterling and are rounded to the nearest Pound.
2.2 Golng concern
The Trustees assess whether the use of golng concem is appropriate i.e. whether there are any
material uncertainties related to events or conditions that may cast significant doubt on the ability of
the Charity to enntinue as a going concern. The Trustees make thls assessment in respect of a
period of at least one year from the date of authorisation for issue of the financial statements and
have concluded that the Charity has adequate resources to continue in operational existence for the
foreseeable future and there are no material uncertainlies about the Chariws ability to continue as a
going concern, thus they continue to adopt the going concern basis of accounting in preparing the
financlal statements.
2.3 Income
All income is recognised once the Charity has entitlement to the income. it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Page 14

Age UK Sheppey
Notes to the financlal statements
For the year ended 31 March 2024
Accountlng pollcles (contlnued)
2.3 Income (contlnued)
Grants are included in the Statement of financial activities on a receivable basls. The balance of
income received for specific purposes but not exponded during the period is shown in the relevant
funds on th8 Balance sheet. Where incorne is received in advance of entitlement of receipt, its
recognition is defe￿ed and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Income tax recoverab18 in relation to investment income is recognised at the tlme the investment
income is receivable.
2.4 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charitvs objectives. as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest recelvable
Interest on funds held on deposit is included when receivabl6 and the amount can be measured
reliably by the Charity., this is normally upon nolification of the interest paid or payable by the
institution with whom the funds are deposited.
2.6 Tanglble flxed a88ets and depreclatlon
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economlc
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at CA)St. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intend8d working condition should be
included in the measurement of cost.
At each reporting date the Charity assesses whether there is any indication of impairment. If such
indication exists, the recoverable amount of the asset is detemiined to be the higher of its fair value
less costs to sell and its value in use. An impairment loss is recognised where the carrying amount
exceeds the recoverable amount.
Depreciation Is charged so as to allocate the Cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
Freehold property
Long-term leasehold property
2 % straight line
On a straight line basis over the remaining
term of the lease from the date at which the
improvements are completed.
20°/0 Straight line
20 % straight line
Motor vehicles
Fixtures and fittings
Page15

Age UK Sheppey
Notes to the flnanclal statements
For the year ended 31 March 2024
Accountlng pollcles (contlnued)
2.7 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
2.8 Debtors
Trade and oth8r debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short malurity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.10 Llabllltles and provlslon8
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Llabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at th8 best estimate of the amounts required to settle the obligation. Where
the effect of the timo value of money is material. the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised In the Statement of financial activities as a finance cost.
2.11 Flnanclal Instrument8
The Charity only has financlal assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.12 Operatlng leases
Rentals paid under operating leases are charged to the Statement of financial activities on a straight-
line basis over the lease term.
2.13 Penslons
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
Page 16

Age UK Sheppey
Notes to the flnanclal statements
For the year ended 31 March 2024
Accountlng pollcle8 (contlnued)
2.14 Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which hav8 not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by tha Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The alm and use of each restricted
fund is set out in the notos to th8 financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donatlon8 and legacle8
Restrlcted Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donatlons
Grants
Government grants
10,848
4,319
10,848
187,746
7,860
54,722
98
183,427
183,427
15,167
198,594
62,680
Tot812023
62.680
62.680
Income from charltable actlvltles
UnrestrlGted
funds
2024
Total
funds
2024
Total
funds
2023
Services income
Day Centre income
121,833
178,462
121,833
178,462
88,305
146,512
300,295
300,295
234,817
Total 2023
234,817
234,817
Pago 17

Age UK Sheppey
Notes to the flnanclal statements
For the year ended 31 March 2024
Income from other tradlng actlvltles
Income from fundralslng events
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Special projects and miscellaneous income
Intemal fundraising
Shop sales
13,836
13,836
847
127
7,706
4,118
186
127
14,810
14,810
12,010
Total 2023
12,010
12,010
Investment Incomo
Unrestrlcled
fund8
2024
Total
funds
2024
Total
funds
2023
Investment income
11,067
11.067
4,473
Total 2023
4,473
4,473
Analysls of expendlture by actlvltle8
Actlvltles
undertaken
dlrectly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Direct costs
534,798
56.004
590,802
582,337
Total 2023
520.636
61,701
582,337
Page 18

Age UK Sheppey
Notes to the flnanclal statements
For the year ended 31 March 2024
Analysls of expendlture by actlvltles (contlnued)
Analysls of dlrect costs
Total
funds
2024
Total
funds
2023
Actlvltles
2024
Staff costs
Rent and rates
Motor travel expenses
Insurances
Recruitment expenses
Repairs and maintenance
Purchases
Telephone
Sub-contractors
Profit on fixed asset disposal
387,022
22,522
11,324
9,321
387,022
22,522
11,324
9,321
316,973
30,760
12,814
7,263
2,841
39,776
53,282
11,247
45,680
28,776
64,618
7,721
21,184
(17.690)
28,776
64,618
7,721
21,184
(17,690)
534,798
534,798
520,636
Total 2023
520,636
520,636
Of the total direct costs incurred during the financial year £84,000 (2022: £NIL) were from r8Stricted
funds.
Page 19

Age UK Sheppey
Notes to the flnanclal statements
For the year ended 31 March 2024
Analysls of expendlture by actlvltles (contlnued)
Analy818 of support costs
Total
funds
2024
Total
funds
2023
Actlvltles
2024
Depreciation
Advertising
Television Licence
Office costs
Postage and Carriage
Office stationery
Legal and professlonal fe@s
Clothing costs
Training costs
Bad debt write off
Audit and accountancy fees
Bank charges
20,504
444
159
17,558
629
936
2.553
934
500
2,856
5,470
3,461
20,504
24,405
159
17,558
629
936
2,553
934
500
2,856
5,470
3,461
159
18,272
511
810
4,634
39
40
4,203
4,635
3,993
56,004
56,004
61,701
Total 2023
61,701
61,701
Of th8 total support costs incurred during the financial year £100,928 {2022: £1,501) were from restricted
funds.
Independent oxamlnerfs remuneratlon
2024
2023
Fees payable to the Charitrfs independent examiner for the independent
examination of the Charitys annual accounts
2.700
2.400
Page 20

Age UK Sheppey
Notes to the flnancial statements
For the year ended 31 March 2024
Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
369,104
13,499
4,419
305.527
7,757
3,689
387,022
316,973
Durlng the year, £15,264 (2023.. £NIL) was paid in respect of redundancy payments.
The average number of persons employed by the Charity during the year was as follows..
2024
No.
2023
No.
Employees
27
26
No employee received remuneration amounting to more than £60,000 in either year.
The remuneration, benefits and management fees received by the Charitys key management personnel
in the year, including employerfs national insurance contributions. amounted to £92,540 (2023: £47,505).
10. Tru8tee8' remuneratlon and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
Durlng the y88r ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page 21

Age UK Sheppey
Notes to the flnanclal statements
For the year ended 31 March 2024
11. Tanglble flxed assets
Long-terni
leasehold
property
Freehold
property
Motor Flxtures and
vehlcles
flttlngs
Total
Cost or valuatlon
At 1 April 2023
Additions
Disposals
75,031
318,339
109,555
7.995
(50,715)
40,288
543,213
7,995
(50,715)
At 31 March 2024
75,031
318,339
66,835
40,288
500,493
Depreclatlon
At 1 April 2023
Charge for the year
On disposals
36,022
1,501
258,332
14,668
100,959
1,599
(42,119)
29,800
2,736
425,113
20,504
(42,119)
At 31 March 2024
37,523
273,000
60,439
32,536
403,498
Net book value
At 31 March 2024
37,508
45,339
6,396
7,752
96,995
At 31 March 2023
39,009
60,007
8,596
10.488
118,100
Page 22

Age UK Sheppey
Notes to the flnanclal statements
For the year ended 31 March 2024
12. Stock8
2024
2023
Kitchen stock
1,817
3,364
13. Debtors
2024
2023
Due wlthln one year
Trade debtors
Other debtors
Prepayments and accrued Income
33,675
291
14,257
440
3,527
2,457
36,423
18,224
14. Credltors: Amounts falllng due wlthln one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
11,321
4,675
765
2,700
11,048
3,940
1.332
2.400
19,461
18.720
Page 23

Age UK Sheppey
Notes to the flnanclal statements
For the year ended 31 March 2024
15. statement of funds
statement of funds - current year
Balance at
31 March
2024
Balance at 1
Aprll 2023
Transfers
Inlout
Income Expendlture
Unrestrlcted funds
Deslgnated funds
Fixed Asset Fund
Redundancy Fund
Castlewell Reserve for
Renewals and Replacements
Funding Loss Contingency and
Restructuring Reserve
66,547
25,000
(19,003)
(15,264)
11,943
5,264
59,487
15,000
105,000
(15,937)
89,063
100,000
100,000
296,547
(50,204)
17,207
263,550
General funds
General Funds
401,372
341,339
(355,670)
(9,212)
377,829
Total Unrestrlcted funds
697,919
341,339
(405,874)
7,995
641,379
Restrlcted funds
Doris Harper Day Centre
KCC Vehicle Replacement
Funding
Housing Support Fund
Dementia Fund
Cost of Living Fund
Lottery Fund
Film Club Fund
39,009
{1,501)
37,508
13,506
(7,995)
5,511
45,700
44,882
22,095
70,000
750
(45,700)
(44,882)
(22,095)
(70,000)
(750>
52,515
183,427
(184.928)
{7,995}
43,019
Total of funds
750,434
524,766
(590,802)
684,398
Page 24

Age UK Sheppey
Notes to the flnancial statements
For the year ended 31 March 2024
15. Statement of funds (contlnued)
Statement of funds - prlor year
Balance at
31 March
2023
Balance at
1 April 2022
Income Expenditure
Unrestrlcted funds
Deslgnated funds
Flxed Asset Fund
Redundancy Fund
Castlew811 Reserve for Renewals and
Replacements
Funding Loss Contlngency and Restructuring
Reserve
89,451
25.000
(22,904)
66,547
25,000
105,000
105,000
100,000
100,000
319,451
{22,904)
296.547
General funds
General Funds
645,324
313,980
(557,932)
401,372
Total Unrestrlcted fund8
964,775
313,980
(580,836)
697,919
Restrlcted fund8
Dorls Harper Day Centre
KCC Vehicle Replacement Funding
40,510
13,506
{1,501)
39,009
13,506
54,016
(1,501)
52,515
Total of funds
1,018,791
313.980
(582,337)
750.434
Page 25

Age UK Sheppey
Notes to the flnanclal statements
For th8 year ended 31 March 2024
15. Statement of funds (contlnued)
Deslgnated funds
The designated fixed asset fund equates to the net book value of fixed assets at th8 balance sheet date,
8xcluding the property known as Roxeth which is restricted.
The designat8d redundancy reserve is monies that have been set aside in order to be used in the event
that the Charity need to make any members of stsff redundant. £15,264 has been utilised in the year. and
a transfer from unrestricted funds of £5,264 to leave a designated resepie of £15,000.
The Castlewell reserve comprises a proportion of the monies g8ner8ted by the Charity upon selling the
Castlewell Day Centre propety during the 2015116 financial year, plus a donation from Southern Water
and has been set up in order to fund the costs of any future substantial renewal or rep18cement costs.
£15,937 was utilised from this fund against repairs and maintenance in the year.
Th8 funding loss contingency and restructuring reserve has been set up to fund any essential costs
through a major reduction in publlc funding, and to cover the costs of any requlred restructuring.
Restrlcted funds
The Doris Harper Centre Fund is a restricted fund. In 1999 the freehold property known as Roxeth was
conveyed to Age UK Sheppey CIO by the Women's Royal Voluntary S8rvi¢8 Trustees Limit8d, who held
the property subject to certain restrictions contained within the Doris Harper Will Trust. These restrictions
require the property to be used as an old peoples home, or In a similar capacity, for the local residents of
Leysdown and the Isle of Sheppey. Depreciation charged each year on this property Is allocated against
the fund.
KCC Vehicle Replacement Funding is a restricted fund. In 201912020 the Charity received a fund from
KCC for two new v6hicles, the balance of whlch is £5,511. This balance is being held in a restricted
vehicle fund to be spent on future transport requirements for the Charity.
The Houslng Support Fund is a restricted fund to provide free shopping or free meals for up to 4 weeks
for those stwggllng with the cost of living crisis.
The Dementia Fund is a restricted fund used to provide activities for our Dementia clients to promote
mental wellbeing and help them to live independently for longer.
The Cost of Living Fund is a restricted fund to provide a reduced cost gardening service and
maintenance service for those over 50.
The Lottery Fund is a restricted fund to uplift our day centre and encourage new uptake of the s6r4ice.
The Film Club Fund is a restricted fund lo provide a cinema experience for our day centre.
Page 26

Age UK Sheppey
Notes to the flnanclal statements
For the year ended 31 March 2024
16. Summary of funds
Summary of funds - current year
Balance at
31 March
2024
Balance at 1
Aprll 2023
Transfers
Inlout
Income Expendlture
Designated funds
General funds
Restricted funds
296,547
401,372
52,515
(50,204)
(355.670)
(184,928)
17.207
(9,2121
(7,995)
263,550
377,829
43,019
341,339
183,427
750,434
524,766
(590,802)
684,398
Summary of funds - prlor year
Balance at
31 March
2023
Balance at
1 April 2022
Incom8 Expenditure
Deslgnated funds
General funds
Restricted funds
319,451
645,324
54.016
(22,904)
{557,932)
(1,501)
296,547
401,372
52,515
313,980
1,018,791
313,980
(582,337)
750,434
17. Analy818 of net a88ets between funds
Analy818 of net assets between funds - Current perlod
Restrlcted Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
37,508
5,511
59,487
601,353
(19.461)
96,995
606,864
(19,461)
Total
43,019
641,379
684,398
Page 27

Age UK Sheppey
Notes to the flnanclal statements
For the year ended 31 March 2024
17. Analysls of net assets between funds (contlnued)
Analysls of net assets between funds - prlor perlod
R6strict&d Unrestricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Current assets
39,009
13,506
79,091
637,548
(18.720)
118,100
651,054
(18,720)
Creditors due within one year
Total
52,515
697,919
750,434
18.
Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles
2024
2023
N8t 8xpendlture for the perlod (as per Statement of Financial Activities)
(66.036) (268,357)
Adjustments for:
Depreciation charges
Dividends, Interests and rents from investments
(Profit) on the sale of fixed assets
Decreasel(increase) in stocks
(Increase)Idecrease In debtors
Increase in creditors
20,504
{11,067)
(17,690)
1,547
(18,199)
741
24,405
(4,473)
(1,378)
28,655
9,572
Net cash used In operatlng actlvllles
(90,200) (211,576)
19. Analysls of cash and cash equlvalents
2024
2023
Cash in hand
568.624
629.466
Total cash and cash equlvalents
568.624
629,466
Page 28

Age UK Sheppey
Notes to the flnanclal statements
For th8 year ended 31 March 2024
20. Analy81s of changes In net debt
At 1 Aprll
2023 Cash flows
At 31 March
2024
Cash at bank and in hand
629.466
(60,842)
568,624
629,466
(60,842)
568,624
21. Penslon commltment8
The Charity operates a d8fin8d contribution pension scheme. The assets of the scheme are held
separately from those of the Charity in an independently administered fund. The penslon cost charge
represents contributions payable by the Charity to the fund and amounted to £4,419 (2023.. £3,689).
There was £NIL outstanding at the Balance sheet date (2023.. £NIL).
22. Operatlng lease commltments
At 31 March 2024 the Charity had commitments to make future minimum lease payments under non-
cancellable operating leases as follows:
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
5,750
11,500
5,000
15,000
17,250
20,000
23. Related party tran8actlons
Alan Doucy, Trustee, is the majority shareholder of Sharrock Insur8nce Serviced Llmited. Age UK
Sheppey CIO paid £3.027 (2023: £3,439) to thi5 company during the financial year. There were no
amounts outstanding at the Balance sh6et date (2023.. £NIL).
Paul Murray and Nigel Martin, Trust88s, are director and secretary of Sheppey Matters. Age UK Sheppey
CIO paid £1,250 (2023: £1,920) to this company during the financial year. During the year, £1,202 of
incom8 was received from the company (2022.. £NIL). There were no amounts outstanding at the
Balance sheet date (2023.. £NIL).
Paul Murray, Trustee, is also director of Queensborough Town Community Centre Limited. Age UK
Sheppey CIO paid £174 (2023.. £NIL) to this company during the financial year. There were no amounts
outstanding at the Balance sheet date (2023: £NIL).
There are no other related party transactions to disclose during the financial year. or previous year.
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