AGE CONCERN (BANSTEAD)
FINANCIAL STATEMENTS for the YEAR ended 31 MARCH 2025
TaxAssist Accountants 98 Stafford Road Wallington SM6 9AY
AGE CONCERN (BANSTEAD)
INDEX TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
----- Start of picture text -----
Page
Annual Report 1
Independent Examiner's Report 2
Statement of Trustees Responsibilities 3
Statement of Financial Activities 4-5
Balance Sheet 6
Notes to the Financial Statements 7-9
----- End of picture text -----
AGE CONCERN (BANSTEAD)
ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
Age Concern (Banstead) is a Charitable Incorporated Organisation registered as a charity under the Charities Act 2011 with registered number 1157342. Its address is at Banstead Centre, The Horseshoe, Banstead, Surrey SM7 2BQ. The governing document is a Constitution.
The charity’s trustees during the year were: Mr N Pulsford (Chairman) Mr P Tickle (Treasurer) Mr C Batty Mrs R Turner Dr M Laffer (Resigned 30th October 2024) Mr S Duke Mrs S Cook Mrs T Nye Mr C Shaw (Appointed 17th April 2024)
The current trustees include individuals with management and practical health care experience, as well as a retired company director, chartered accountant and individuals with a variety of relevant experience in the voluntary sector. In addition, during the year, Councillor R Ashford served as the nominated observer of the Reigate & Banstead Council.
The charity's banker is Barclays Bank plc.
The object of the charity is to promote the welfare of the aged throughout the area formerly covered by Banstead UDC in any manner which is deemed by law to be charitable. The main activities during the year have been the dissemination of information, the provision of a visiting service to assess needs which are then channelled appropriately, a toe nail cutting service, the provision of transport by the hiring out of a minibus, the operation of a voluntary car scheme and the running of a number of clubs and support groups for the local elderly community, including our Men in Sheds club which officially launched in June 2024 and a Repair Cafe which launched in July 2024.
The attached accounts show the financial activities for the year and the state of affairs at 31 March 2025. During the year under review there were net outgoing resources of £4,771 resulting in a decrease in total funds from £118,064 to £113,293. This compares to a surplus the previous year of £5,319.
The turnaround from surplus to deficit was largely a result of a number large one-off donations in the previous financial year not being repeated and a lower take up of our minibus and transport activities. This was partially offset by lower staff costs as we spent part of the current financial year under-hired, but going into the new financial year, we are happily now up to full strength with our staffing.
The Charity’s policy on reserves is to attempt to maintain sufficient funds to allow the funding of a deficit equivalent to twelve months operation. Surpluses in excess of this minimum defensive reserve are then available for special expenditure items as agreed by the Trustees. All accumulated funds in excess of what's required for the day to day running of the charity are presently held in a deposit fund at CCLA, investment managers who specialise in managing investments for charities.
Our thanks are due to all those who have donated so generously to our funds during the year, and to our staff and volunteers for their co-operation and assistance throughout this period.
Approved by the Trustees on 23/07/2025
(Signed) P Tickle - Treasurer
1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
AGE CONCERN (BANSTEAD)
I report on the accounts of the charity for the year ended 31 March 2025, which are set out on pages 4 to 9.
Respective responsibilities of the Trustees and Examiner
As described on page 3 the charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:-
-
1, examine the accounts under section 145 of the Charities 2011 Act;
-
2, to follow the procedures laid down in the General Directions given by the Charity Commissioner under section 145 (5)(b) of the 2011 Act;
-
3, to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements
a, to keep accounting records in accordance with section 130 of the 2011 Act; and
b, to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met: or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Nitesh Patel FCMA GCMA TaxAssist Accountants 98 Stafford Road Wallington SM6 9AY
Date: 23/07/2025
2
AGE CONCERN (BANSTEAD)
STATEMENT OF TRUSTEES' RESPONSIBILITIES
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's incoming resources and application of resources during the year and of its state of affairs at the end of the year. In preparing those financial statements, the trustees are required to:
(a) select suitable accounting policies and apply them consistently;
- (b) make judgements and estimates that are reasonable and prudent;
(c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
(d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Society will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and breaches of law and regulations.
3
AGE CONCERN (BANSTEAD)
STATEMENT OF FINANCIAL ACTIVITIES for the 31 MARCH 2025
| INCOMING RESOURCES Incoming Resources from Generated Funds- Grants and Subsidies:- Core Activities Visiting Services Lunch Clubs and Other Support Groups Men in Sheds Subscriptions Donations and Fund Raising Interest Received Incoming Resources from Charitable Activities - Lunch Clubs and Other Support Groups Car Scheme Minibus Footcare Other Total Incoming Resources RESOURCES EXPENDED Charitable Activities: - Men in Sheds Visiting Services Community Garden Information and Advice Lunch Clubs and Other Support Groups Footcare Car Scheme Minibus (including depreciation) Governance Costs: - Administration Insurance Independent Examiner's Fee |
2025 2025 2025 2024 Non-Designated Designated Total Funds Total Funds £ £ £ £ 12,630 - 12,630 14,130 6,000 - 6,000 6,000 - - - 3,293 - - - 44,961 2,300 - 2,300 2,670 26,928 - 26,928 32,965 4,552 - 4,552 6,403 5,837 4,588 10,425 5,781 7,295 - 7,295 8,867 12,372 - 12,372 15,715 240 - 240 240 882 - 882 609 79,036 4,588 83,624 141,634 - - 45,015 28,481 - 28,481 31,734 - - - 579 12,895 - 12,895 12,431 14,523 3,129 17,652 16,202 497 - 497 473 13,163 - 13,163 12,411 11,393 - 11,393 13,683 80,952 3,129 84,081 132,528 1,492 - 1,492 1,419 1,712 - 1,712 1,468 1,110 - 1,110 900 4,314 - 4,314 3,787 |
|---|---|
4
AGE CONCERN (BANSTEAD)
STATEMENT OF FINANCIAL ACTIVITIES for the 31 MARCH 2025 (continued)
| Total Expenditure Net (Outgoing)/ Incoming Resources for the year Total Funds brought forward TOTAL FUNDS CARRIED FORWARD |
2025 2025 2025 2024 Non-Designated Designated Total Funds Total Funds £ £ £ £ 85,266 3,129 88,395 136,315 (6,230) 1,459 (4,771) 5,319 116,754 1,310 118,064 112,745 110,524 2,769 113,293 118,064 |
|---|---|
Designated Funds comprise any amounts received by Age Concern Banstead to expended on specific activities.
All activities for the current and previous year derive from continuing operations.
The notes on pages 7 to 9 form an integral part of these accounts.
5
AGE CONCERN (BANSTEAD)
BALANCE SHEET as at 31 MARCH 2025
| Note FIXED ASSETS Tangible Assets 3 CURRENT ASSETS Debtors 4 Cash at Bank and in Hand CCLA Deposit Fund CURRENT LIABILITIES Creditors 5 NET CURRENT ASSETS NET ASSETS FUNDS 6 Designated Funds General Purposes Fund TOTAL FUNDS |
£ £ 2,869 2,962 17,439 100,000 120,401 (9,977) 110,424 113,293 2,769 110,524 113,293 2025 |
£ £ 3,825 5,067 16,868 100,000 121,935 (7,696) 114,239 118,064 1,310 116,754 118,064 2024 |
|---|---|---|
Net (Outgoing)/Incoming Resources for the Year £(4,771)
Approved by the Trustees and signed on their behalf by:
N Pulsford (Title: Chairman) Signed P Tickle (Title: Treasurer) Signed Date 23/07/2025
The notes on pages 7 to 9 form an integral part of these accounts.
6
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
AGE CONCERN (BANSTEAD)
1 Accounting Policies
(a) Basis of Accounting
The financial statements have been prepared under the historical cost convention and in accordance with the Charities SORP (FRS 102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), as well as the requirements of the Charities Act 2011.
(b) Depreciation of Fixed Assets
Depreciation is provided on tangible fixed assets at rates calculated to write off the cost of each asset over its estimated useful life as follows:-
Minibus
25% on reducing balance
(c) Incoming Resources
All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.
(d) Allocation of Overhead and Support Costs
Overhead and support costs have been allocated between charitable activities and governance costs in proportion to the estimated administrative effort applicable to each activity. The allocation of overhead and support costs is analysed in note 2.
(e) Governance Costs
Governance costs comprise all costs involved in the public accountability of the charity and its compliance with regulation and good practice.
2 Allocation of Support Costs and Overheads
The breakdown of support costs and how these were allocated between Charitable Activities and Governance is shown in the tables below.
| 2025 | 2024 | |||
|---|---|---|---|---|
| Total Costs | £ | £ | ||
| Administration expenses | 4,395 | 5,954 | ||
| Salaries | 35,342 | 32,914 | ||
| Rent | 6,240 | 6,240 | ||
| Office Equipment | 2,905 | 1,560 | ||
| Bank And Transaction Expenses | 850 | 633 | ||
| 49,732 | 47,301 | |||
| Allocated as follows: | 2025 £ |
2024 £ |
||
| Charitable activities- | ||||
| Information and advice | 25% | 12,433 | 25% | 11,825 |
| Visiting service | 30% | 14,920 | 30% | 14,190 |
| Lunch clubs | 15% | 7,460 | 15% | 7,095 |
| Driving scheme | 25% | 12,433 | 25% | 11,825 |
| Minibus | 1% | 497 | 1% | 473 |
| Footcare | 1% | 497 | 1% | 473 |
| Governance | 3% | 1,492 | 3% | 1,419 |
| 49,732 | 47,301 |
7
AGE CONCERN (BANSTEAD)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)
| 3 Fixed Assets COST At 1.4.2024 Additions Disposals At 31.3.2025 DEPRECIATION At 1.4.2024 Charge for year Disposals At 31.3.2025 NET BOOK VALUE 31.3.2025 31.3.2024 4 Debtors Debtors and Prepayments 5 Creditors - falling due within one year Accruals and Income in Advance 6 Funds At 1st April 2024 Incoming resources Outgoing resources At 31st March 2025 Represented by: Tangible Fixed Assets Net Current Assets |
Non-Designated Funds £ 116,754 79,036 (85,266) 110,524 2,869 107,655 110,524 |
Minibus £ 39,655 - - 39,655 35,830 956 - 36,786 2,869 3,825 Designated Funds £ 1,310 4,588 (3,129) 2,769 - 2,769 2,769 |
2025 £ 2,962 2,962 2025 £ 9,977 9,977 2025 Total Funds £ 118,064 83,624 (88,395) 113,293 2,869 110,424 113,293 |
Total £ 39,655 - - 39,655 35,830 956 - 36,786 2,869 3,825 2024 £ 5,067 5,067 2024 £ 7,696 7,696 2024 Total Funds £ 112,745 141,634 (136,315) 118,064 3,825 114,239 118,064 |
|---|---|---|---|---|
Designated Funds comprise any amounts received by Age Concern Banstead to expended on specific activities.
8
AGE CONCERN (BANSTEAD)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)
7 Staff Costs
Total staff costs for the year excluding employers’ NI contributions amounted to £52,698 (2024 £55,213)
The average number of paid staff for the year were:
Welfare Services : 2 part-time employees Administration : 3 part-time employee Minibus driver 1 part-time employee
8 Trustees Remuneration and Expenses
No remuneration was paid or payable out of the funds of the charity to any Trustee or to any person or persons known to be connected with any of them in the past year.
Trustees are reimbursed for any expenses incurred in the running of the charity, with approvals in line with the charity's financial control policies and procedures.
9 Public Benefit Entity
The Charity is a Public Benefit Entity.
10 Related Party Transactions
There were no related party transactions during the year.
11 Grant Income
All grants and subsidies received by the charity during the year were from local government sources and were used to fund core activities and visiting services as set out in the Statement of Financial Activities.
9