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← Age Concern Southend-On-Sea CIO

2025-03-31-accounts

Company registration number: CE003720 Charity registration number: 1160916

AGE CONCERN SOUTHEND-ON-SEA CIO TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Clouders (Audit & Accounts) Ltd Charter House, 103-105 Leigh Road Leigh-On-Sea Essex SS9 1JL

Age Concern Southend-On-Sea CIO Contents

Page
Trustees' Report 1—12
Independent Examiner's Report 13
Statement of Financial Activities (including Income and Expenditure Account) 14
Comparative Statement of Financial Activities (including Income and Expenditure Account) 15
Balance Sheet 16—17
Notes to the Financial Statements 18—25
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities (including Income and Expenditure Account) 26—27

Age Concern Southend-On-Sea CIO Company No. CE003720 Trustees' Report For The Year Ended 31 March 2025

The trustees present their report and the financial statements for the year ended 31 March 2025.

Chairman's Report

In 2024, Age Concern Southend-on-Sea celebrated its 50th birthday and it proved to be a truly transformative year for the charity.

After salaries, our most significant operating cost is the rent that we pay to lease our community hub, The Haven. To reduce this burden and ensure the long-term financial sustainability of the charity, in April 2024 we applied to the Community Ownership Fund (“COF”) established by the Department of Levelling Up, Housing and Communities under the last Government for a grant of £960,000 (being 80% of the agreed purchase price at that time) to help fund the acquisition of the Havens building. I am delighted to say that on 19th December 2024 we were advised that our application had been successful. This grant was conditional on the charity raising the remaining £240,000 needed to fund the acquisition by 19th December 2025. On 3rd February 2025, having completed the extended validation checks required as part of the usual COF onboarding process, we began the process of raising these funds. Due to the fantastic efforts of our fundraising team, I am pleased to say that we achieved this goal within four months and were able to notify COF on 15th July 2025 that the target had been reached. As detailed below, while most of this funding was provided by charitable trusts and foundations, we were delighted by the response that we received from the local community and local businesses.

I am pleased to say that we finalised the documentation required to effect the acquisition (including the charge over the building that will be held by the Secretary of State for Housing, Communities and Local Government until 19th December 2032) and completed the purchase on 25th November 2025.

The rental savings of £7,500 that will be made following acquisition of the Havens building will ensure the long-term future of The Haven and enable the charity to not only continue to provide the facilities and services that it currently provides to the older people of Southend and surrounding areas and to the wider community but to expand them.

While our “Save The Haven Hub” campaign was remarkably successful, we should not lose sight of the fact that we have continued to rely on support from charitable trusts and foundations to help us fund our day-to-day operations. I would, therefore, like to thank the following organisations for their support during 2024/25.

I would also like to thank the Architectural Heritage Fund (“AHF”) for its support and for funding consultants to help us with our COF application and with our Save The Haven Hub fundraising campaign. In 2019 and 2020 the AHF provided us with loans totalling £145,000 to help pay for the alterations that were required to transform the old Havens department store into a community hub. I am pleased to say that on 5 August 2025 following a further bequest we were able to repay these loans and the accrued interest due thereon. The support of the AHF over the past seven years has been invaluable.

...CONTINUED

Page 1

Age Concern Southend-On-Sea CIO Trustees' Report (continued) For The Year Ended 31 March 2025

Chairman's Report - continued

I would also like to thank our landlords, Nigel and Paul Havens, for their continued support. Finally, I would like to thank my fellow trustees, our dedicated staff and c.220 volunteers for their continued hard work and for "going the extra mile" to help improve the lives of older people and the wider community. I remain convinced that we have in place a team that will ensure that Age Concern Southend continues to develop and improve the services that it provides for the next 50 year.

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Age Concern Southend-On-Sea CIO for the purposes of company law) 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).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Page 2

Age Concern Southend-On-Sea CIO Trustees' Report (continued) For The Year Ended 31 March 2025

Objectives and Activities

Aims and Objectives

Object

The object of the charity is to promote the relief of older people in any manner which now, is or hereafter may be deemed by law to be charitable within the City of Southend-on-Sea and surrounding areas.

Our Mission

To help those over 50 living in Southend-on-Sea and surrounding areas to live healthier, happier and more independent lives and develop a community where older people can flourish.

We achieve our mission by:

For 50 years Age Concern Southend-on-Sea (“ACSOS”) has been supporting the older people of Southend-on-Sea. Our aim is to help older people avoid social isolation and feelings of loneliness, to help them become more confident and remain independent in their own homes and to help them become fitter and healthier.

We deliver our charitable objectives through providing face-to-face and telephone befriending services to over 160 people, information and advice, and through our well used community hub in Westcliff on Sea, The Haven.

The Haven hosts a range of community focused affordable facilities including a 65-seater café, counselling, foot care clinic, ear wax removal and hearing tests, reflexology, massage, nail, and facial treatments. With the support of our volunteers and local instructors, we organise an array of social, fitness and well-being activities; give practical support (IT) and advice, as well as providing space for other local community groups supporting health, social networking, and financial needs. The Haven also houses our Dementia Day Care Centre which provides a bespoke service to those living from neurological disorders, and respite for their carers or partners.

While our main objective is to combat social isolation and loneliness and develop a community where older people can flourish, The Haven is open to all and we support the health and wellbeing of individuals, families, and the wider community, with a range of activities attracting c.3,800 people a month. The resulting footfall contributing to the wider regeneration of the local area.

Our worth to the community is reflected in growing demand for our services and the feedback we receive from service users and their families. We are highly regarded for our work in supporting healthy living and helping older people to live independently at home for longer by both Southend City Council and the local NHS. We have no membership requirement and provide services for the entire community. We seek to make optimal use of local partnerships and the space that we have for as long as we can, including the hiring out of space to generate income.

Our Strategic Objectives

The Board of Trustees completed a review of the Mission and Strategic Objectives during the year, and a revised 3-year Strategic Plan was launched in February 2025. Our key business priority in 2025/26 is to purchase The Haven, our service delivery hub at 138-140 Hamlet Court Road, Westcliff-on-Sea, SS0 7LW

Strategic objective 1:

Secure funding for the acquisition of the Havens building by December 2025. Specifically:

...CONTINUED

Page 3

Age Concern Southend-On-Sea CIO Trustees' Report (continued) For The Year Ended 31 March 2025

Aims and Objectives - continued

Strategic objective 2:

Strategic objective 3:

Build collaborative partnerships to address local social, health and wellbeing needs, and promote regeneration of the local area by 2028. Including:

...CONTINUED

Page 4

Age Concern Southend-On-Sea CIO Trustees' Report (continued) For The Year Ended 31 March 2025

Aims and Objectives - continued

Strategic objective 4:

Increase organisational sustainability and financial resilience by 2028. Specifically:

Significant Activities THE HAVEN COMMUNITY HUB

Activities

At The Haven, ACSOS offers over 25 classes a week. These include tutor-led keep fit, yoga, Pilates, falls prevention and management, line dancing and other active classes as well as the opportunity to play whist and table tennis. As well as keeping people physically active, ACSOS also helps them keep mentally active by offering art and IT classes, a book club and coffee and conversation sessions. The charity also has its own The Sound of Memories Choir.

‘One lady told me after losing her husband she got so depressed that she forced herself to come to a class … She said to me’’Thank you, you have saved my life’’.’ Bill Hoy, volunteer dance teacher

Dementia Day Care Centre

...CONTINUED

Page 5

Age Concern Southend-On-Sea CIO Trustees' Report (continued) For The Year Ended 31 March 2025

Significant Activities - continued

ACSOS provides a specialist dementia day care service primarily for those living with dementia but also for people with other neurological disorders such as Parkinson’s Disease, Progressive Supranuclear Palsy, and stroke victims. We offer high quality and reliable respite care for loved ones and carers. We believe that the centre is unique in that we offer our clients a daily programme based on Cognitive Stimulation Therapy developed to meet their individual needs and interests and improve their health and wellbeing whilst also being fun. This can range from joining in traditional games to using the centre’s VR headsets. In 2024, we received a grant to purchase a Digital Rainbow Table, an interactive activity touch table that offers people living with dementia an opportunity to engage in stimulating apps and games designed to improve cognitive function and mental agility. Recognising the benefits of music to those living with dementia, the centre arranges performances by music groups. We also team up with a local primary school, Milton Hall School and Hartbeeps, which provides multi-sensory, musically themed classes for babies, for our much-loved multi-generational sessions.

‘The opportunity to bring together Hartbeeps babies and their parents with the ladies & gentlemen at has been wonderful. Sharing our little moments of magical storytelling with all generations and seeing the interaction as they sing together has been such a privilege.’ Hartbeeps Imaginator

Café

In January 2024 we took control of our 65-seater café which had previously been franchised. The café was completely restyled and refurbished and renamed “Millie’s Café”. Whilst profitable, the café was taking up a significant amount of management time and effort to run. Hence in August 2024, the Board decided to franchise the café to the previous franchisee, KB’s Café. The café offers hot and cold drinks, sandwiches and cakes and a range of nutritious hot meals at affordable prices. For example, offering children’s meals for £1. The café is open to all and used by young and old with many local charities and organisations such as the MS Society and the local WI using it to hold meetings with their clients/members.

‘As our population grows older, it is essential that The Haven remains a safe and welcoming place where the community can socialise, join in with support and receive the care and counselling services they need. With a fragile market providing specialist care, your dementia day care service makes you a key partner in the delivery of dementia support in Southend.’ Sir James Duddridge KCMG former MP for Rochford and Southend East

Other Services

ACSOS also provides the following services at The Haven which has been designated a “warm space” by Southend City Council.

‘…The Haven provides support in areas such as IT, especially with all the scamming going on at present, so they can feel more confident they won't become a victim….It also provides great footfall for surrounding business to grow or continue to survive rather than having a ghost town full of online shoppers and lonely needy people putting extra strain on social services or hospitals. So in essence the existence of the Hub is saving money to the council, hospital, police, fire and rescue.’ Consultation response, leader of an MS support group based at the Hub

We support other services and organisations by providing free as well as affordable rental space at The Haven. These community services include:

...CONTINUED

Page 6

Age Concern Southend-On-Sea CIO Trustees' Report (continued) For The Year Ended 31 March 2025

Significant Activities - continued

We also provide space to Southend City Council to hold information days such as “stop smoking” campaigns while the local police hold regular drop-in sessions.

During the course of 2024 we developed links with the local Jewish community who held social events and bar mitzvahs at The Haven, and with the Muslim community who hire space to run classes. In January 2025, the first floor of The Haven was hired by a member of the Indian community to hold an engagement party while O50BM has hired the first floor on a Wednesday night for all of 2025 to host table tennis matches and launched the Over 50s Black Men Forum Table Tennis League on 15 January.

‘I am particularly impressed with the collaborative and engaging community approach that Age Concern is building in the local area, hosting meetings, events and activities and also providing a space that other charities and community groups can use. It is therefore essential that this building is retained and maintained for the benefit of the community for years to come. Trust Links is an independent local charity for mental health and wellbeing. We have already used the space to host meetings and activities for our beneficiaries and hope that we can do so much more in the future…I fully support the application to the Community Ownership Fund’. CEO, Trust Links Ltd

Befriending

Our befriending service is open to those who may feel isolated or lonely or do not see anyone on a regular basis or have health or disability issues. During the lockdowns that resulted from the coronavirus pandemic, this service was limited to telephone calls. Face-to-face befriending was relaunched at the end of 2022 and our team of befriending volunteers are matched with people in their area and will visit them in their own home for an hour or two (or more) every week for a chat and a cup of tea. We currently provide face-to-face befriending to 65 older people and a telephone befriending service to another 96 people. To reduce the number of older people on our waiting list we have recently launched group sessions for those older people that are comfortable to travel to The Haven. This initiative has been well received, and we currently have nearly 40 people attending these “coffee and conversation” sessions with many attendees already building new friendships.

Achievements and Performance

Page 7

Age Concern Southend-On-Sea CIO Trustees' Report (continued) For The Year Ended 31 March 2025

Main Achievements

Financial Review

Financial Position

Total income in the year ended 31st March 2025 amounted to £451,443 (2024: £530,025) with a deficit of £76,655 (2024: surplus of £3,728). Donations received totalled £34,599 (2024: £114,040), the reduction being largely attributable to a bequest of £100,000 from Age UK Essex received on 6 April 2023 following its liquidation in June 2022. Income from our dementia day care centre and from our fitness and leisure activities totalled £163,845 (2024: £150,315). Income from the rental of rooms to franchisees and hire charges totalled £78,745 (2024: £82,328). In 2024 we decided to re-franchise our café; income from the café in 2025 totalled £44,301 (2024: £26,112). Income from grants from charitable trusts and organisations totalled £80,147 (£2024: £142,366).

Expenditure in the year ended 31st March 2025 was £528,098 (2024: £526,298). Staff costs fell from £263,438 in 2024 to £247,146 in 2025, costs being higher in 2024 reflecting the hire of a full-time CEO for the period from 21 August 2023 to 31 January 2024. The cost of leasing the Havens building that houses our community hub was £83,000 (2024: £90,000). Electricity and gas costs of £22,989 were incurred (2024: £26,087). Repairs and subcontractor costs totalled £57,751 (2024: £29,648); the increase primarily reflects costs relating to the replacement of a flat roof which were funded by a grant from the Veolia Trust.

Reserves Policy

Total funds as of 31st March 2025 amounted to a deficit of £87,733 (2024: deficit of £11,078). The charity's reserves policy requires it to hold reserves of at least £70,000, being two months' operating costs.

The Charity’s unrestricted reserves have still not recovered from the significant fall in revenue that it experienced during the lockdowns that resulted from the coronavirus pandemic with the result that its General Fund was in deficit £109,171 as of 31st March 2025 (2024: deficit £74,319).

Our aim is to rebuild our reserves and ensure that the charity's income more than covers its operating costs. After wages, rental payments of £90,000 p.a. are the Charity’s most significant cost. Acquisition of the building on 25th November 2025 and removal of its £90,000 p.a. rental obligation will significantly improve its long-term sustainability. We believe that the Charity’s income streams will more than cover its operating costs enabling it to rebuild its reserves. We have been successful in hiring space at our community hub, The Haven, and the number of clients attending our Dementia Day Care Centre continues to rise.

The charity’s restricted reserves amounted to £21,438 (2024: £63,241) which, together with the deficit on the General Fund, creates the overall deficit of £87,733.

Page 8

Age Concern Southend-On-Sea CIO Trustees' Report (continued) For The Year Ended 31 March 2025

Going Concern

As part of the annual budget process the Trustees have undertaken a thorough review of the year ahead and approved a 12-month cashflow projection. This has given them a reasonable expectation that the Charity has adequate resources to continue operating for the foreseeable future. Therefore, they continue to adopt the going concern basis in preparing the financial statements,

As of 31 March 2025, the Architectural Heritage Fund (AHF) loan of £145,000 and accrued interest was due to expire in September 2025. These loans and the accrued interest due thereon were repaid on 5 August 2025.

Loans from Trustees of £20,000 that fall due within one year have been extended for 12 months. Repayment of the loan of £19,000 provided by our landlord has now been waived.

Included in Creditors Falling Due Within One Year is £70,000 relating to rent deferred during the Covid pandemic. It has been agreed that this debt be repaid by way of 35 monthly instalments commencing on 1st January 2026. Other than outstanding rental payments due to its landlord, the Charity has no significant trade creditors.

Structure, Governance and Management

Governing Document

The charity is governed by its Constitution. The charity is also registered with the Charity Commission.

Trustee Selection Methods

The skills of Trustees are reviewed annually. This forms the basis of assessing training needs and also allows the Board to identify gaps that call for the appointment of new trustees. The method of recruitment of new trustees is dependent upon the need identified. On appointment, Trustees are inducted into the work of ACSOS to ensure they have a full understanding of the major strategic and financial issues affecting the work of the charity.

None of the trustees has any beneficial interest in the company.

Additional notes for structure, governance and management

Organisational Structure

The charity is managed by a Board of Trustees. The Trustee Board, responsible for ensuring that all the requirements for good governance are met, meets quarterly or more frequently as necessary.

There is no limitation on the length of time that a trustee can serve, however, the charity’s constitution requires every trustee to resign at the AGM and then, should they so desire, seek re-election. All beneficiaries, supporters and stakeholders are invited to attend the AGM, which celebrates the achievements of the charity. Attendees at the 2024 AGM included the Mayor of Southend.

The elected officers of the Board are: Chair Cliff Couch Treasurer Cliff Couch

The Trustee Board takes responsibility for the strategic direction of the Charity and delegates day-to-day operations to the Chief Executive Officer and General Manager. The chain of command is thus:

  1. Trustee Board

  2. Chief Executive

  3. General Manager

  4. Department Managers

  5. Co-ordinators and Front-Line Staff

Our People

...CONTINUED

Page 9

Age Concern Southend-On-Sea CIO Trustees' Report (continued) For The Year Ended 31 March 2025

Additional notes for structure, governance and management - continued

At ACSOS we are fortunate to be able to call on the services of many dedicated staff and volunteers whose professionalism enables us to make a positive difference to the lives of so many people in Southend and surrounding areas.

As of 31st March 2025, the Charity had four full time and five part time paid members of staff and eight support workers (equivalent in total to seven full time members of staff.)

Full Time

Part Time

ACSOS also employs Support Workers (8) to assist in its dementia day care centre as and when needed.

Since 1st February 2024, the role of CEO has been undertaken on an interim basis by a trustee (Mike Nicholson) who had previously performed the role from 9th October 2021 until 20th August 2023.

Use of Volunteers

Volunteers are vital to our service delivery throughout the charity, helping to maximise our offering and allowing us to positively impact on the wellbeing of the older residents of Southend and surrounding areas. All our volunteers, whatever their role, aim to build social contact and a positive attitude and make the people that they meet in their role more independent and resilient.

ACOS benefits from 227 volunteers, and we currently have a further 13

volunteers who are going through their recruitment process, (including being DBS-checked and trained) before joining the team. In addition, 24 volunteers are “live but temporarily inactive” due to personal circumstances. Our volunteers currently help in the following areas :

Not only is this support vital to our organisation and the older people of Southend but also to the wider community. The volunteering experience has a positive impact on the volunteer, enhancing their wellbeing and skills and, in some cases, helping them to get back into work which, in turn, helps to build a stronger, more resilient community.

in 2024/25 we supported many young people in the workplace, either through senior school work experience or through the adult community college.

...CONTINUED

Page 10

Age Concern Southend-On-Sea CIO Trustees' Report (continued) For The Year Ended 31 March 2025

Additional notes for structure, governance and management - continued

As well as the volunteers we have recruited, we have had 5 different teams from NatWest volunteer with us in 2024/25. They spent time with clients in the Dementia Day Centre, coffee and conversation sessions and our choir. They also painted and decorated our office area. Volunteers from Veolia also helped us clear the top floor of the hub and convert it into the ACSOS office. Our relationship with NatWest continues to grow and our staff have attended many of their public awareness events and they will be fundraising for us in 2025/26.

Risk Review

The Board accepts its responsibility under the Charity Commission’s Statement of Recommended Practice (SORP) for ensuring the major risks to which the Charity is exposed are identified and reviewed and that there are measures in place to mitigate against them.

The Charity carries out a regular review of risk in line with its agreed policies and procedures. The aim is to enable Trustees to identify and categorise risks to the Charity, prioritising those that require urgent attention. A Risk Register is maintained which addresses the following key areas:

Reference and Administrative Details

Trustees

C Couch - Chair and Treasurer K Davies M Lambert (appointed 10/01/2025) S Liebenberg (appointed 24/01/2025) M Nicholson - Acting CEO N Ramalingum V Storey (appointed 21/10/2024) M Birchall (resigned 29/04/2024) J Reed (resigned 10/01/2025) V Weaver (resigned 22/04/2024)

Charity Number

1160916

Company Number CE003720

Page 11

Age Concern Southend-On-Sea CIO Trustees' Report (continued) For The Year Ended 31 March 2025

Principal Address

134 Hamlet Court Road Westcliff-On-Sea Essex SS0 7LN

Independent Examiner

C E Binnie FCA Clouders (Audit & Accounts) Ltd Chartered Certified Accountants Charter House, 103-105 Leigh Road Leigh-On-Sea Essex SS9 1JL

Bankers

CAF Bank Limited 25 Kings Hill Avenue Kings Hill

The trustees' report was approved by the board of trustees and signed on its behalf by:

C Couch Trustee Date

Page 12

Age Concern Southend-On-Sea CIO Independent Examiner's Report to the Trustees of Age Concern Southend-On-Sea CIO For The Year Ended 31 March 2025

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

Since the Company’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.

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

C E Binnie FCA Date Charter House, 103-105 Leigh Road Leigh-On-Sea Essex SS9 1JL

Page 13

Age Concern Southend-On-Sea CIO Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities:
Other charitable income
Other trading activities
4
Investments
5
Other
6
EXPENDITURE ON:
Raising funds
8
Charitable activities:
8
Office Costs
Repairs and subcontractors
Staff costs
Rent and utilities
Governance costs
Regular hub activities
Other costs
NET (EXPENDITURE)/INCOME
Transfers between funds
20
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
20		 Unrestricted
funds
£
68,250
204,005
44,301
920
78,820
Restricted
funds
£

55,147

-

-

-

-		 2025
Total funds
£

123,397

204,005

44,301

920

78,820		 2024
Total funds
£

256,426

162,289

26,112

2,870

82,328
396,296
55,147
451,443
530,025
(3,719)
(41,910)
(10,994)
(208,371)
(108,103)
(15,443)
(37,097)
(5,511)
(1,006)

(1,883)

(46,757)

(36,294)

(2,510)

(1,152)

(7,151)

(197)
(4,725)

(43,793)

(57,751)

(244,665)

(110,613)

(16,595)

(44,248)

(5,708)
(4,888)

(42,843)

(29,648)

(262,369)

(118,530)

(15,896)

(44,601)

(7,523)
(431,148)
(96,950)
(528,098)
(526,298)
(34,852)
(4,228)
(41,803)

4,228
(76,655)

-
3,727

-
(39,080)
(74,319)
(37,575)

63,241
(76,655)

(11,078)
3,727

(14,805)
(113,399)
25,666
(87,733)
(11,078)

The notes on pages 18 to 25 form part of these financial statements.

Page 14

Age Concern Southend-On-Sea CIO Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities:
Other charitable income
Other trading activities
4
Investments
5
Other
6
EXPENDITURE ON:
Raising funds
8
Charitable activities:
8
Office Costs
Repairs and subcontractors
Staff costs
Rent and utilities
Governance costs
Regular hub activities
Other costs
NET INCOME
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
20		 Unrestricted
funds
£
150,319
162,289
26,112
2,870
82,328
Restricted
funds
£

106,107

-

-

-

-		 2024
Total funds
£

256,426

162,289

26,112

2,870

82,328
423,918
106,107
530,025
(4,888)
(42,676)
(10,414)
(214,627)
(95,270)
(15,865)
(41,472)
(4,332)
-

(167)

(19,234)

(47,742)

(23,260)

(31)

(3,129)

(3,191)
(4,888)

(42,843)

(29,648)

(262,369)

(118,530)

(15,896)

(44,601)

(7,523)
(429,544)
(96,754)
(526,298)
(5,626)
9,353
3,727
(5,626)
(68,693)
9,353

53,888
3,727

(14,805)
(74,319)
63,241
(11,078)

The notes on pages 18 to 25 form part of these financial statements.

Page 15

Age Concern Southend-On-Sea CIO Balance Sheet As At 31 March 2025

Notes
FIXED ASSETS
Tangible Assets
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
Creditors: Amounts Falling Due Within One
Year
16
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
Creditors: Amounts Falling Due After More
Than One Year
17
NET LIABILITIES
FUNDS OF THE CHARITY
Restricted Funds
Unrestricted Funds
TOTAL FUNDS
20		 Unrestricted
funds
£
156,120
Restricted
funds
£

5,622		 2025
Total funds
£
161,742		 2024
Total funds
£

165,762
156,120
17,528
24,175
5,622

(1)

20,045		 161,742

17,527
44,220
165,762

17,132

100,452
41,703
(311,222)
20,044

-		 61,747

(311,222 )
117,584

(275,424 )
(269,519)
20,044		 (249,475 )
(157,840 )
(113,399)
25,666		 (87,733 )
7,922
-
-
-
(19,000 )
(113,399)
25,666		 (87,733 )
(11,078 )
25,666
(113,399)
63,241

(74,319)
(87,733)
(11,078)

Page 16

Age Concern Southend-On-Sea CIO Balance Sheet (continued) As At 31 March 2025

For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

C Couch Trustee

Date

The notes on pages 18 to 25 form part of these financial statements.

Page 17

Age Concern Southend-On-Sea CIO Notes to the Financial Statements For The Year Ended 31 March 2025

1. General Information

Age Concern Southend-On-Sea CIO is a company limited by guarantee, incorporated in England & Wales, registered number CE003720 and registered charity number 1160916. The registered office is .

2. Accounting Policies

2.1. Basis of Preparation of Financial 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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

2.3. Resources Expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold Over the lease term Plant & Machinery 15% on cost Fixtures & Fittings 15% on cost

2.5. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

Page 18

Age Concern Southend-On-Sea CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

Donations and gifts
Gift aid
Grants
Donations and gifts
Gift aid
Grants
4. Income from Other Trading Activities
Café income
5. Investment Income
Bank interest receivable		 2025
Unrestricted Restricted
Total
funds
funds
funds
£
£
£
34,599
-
34,599
8,651
-
8,651
25,000
55,147
80,147
68,250
55,147
123,397
2024
Unrestricted Restricted
Total
funds
funds
funds
£
£
£
114,040
-
114,040
-
-
-
36,279
106,107
142,386
150,319
106,107
256,426
2025
2024
Unrestricted funds Unrestricted funds
£
£
44,301
26,112
2025
2024
Unrestricted Unrestricted
funds
funds
£
£
920
2,870

Page 19

Age Concern Southend-On-Sea CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

6. Other Income

. Other Income
Rental income
Other charitable income
. Net Income/(Expenditure)
he net (expenditure)/income is stated after charging/(crediting):
Bad debts
Depreciation of tangible fixed assets - owned
Gain/Loss on disposal of tangible fixed assets		 2025
Unrestricted funds
£
78,745
75		 2024
Unrestricted funds
£

82,328

-
78,820
82,328

7. Net Income/(Expenditure)

The net (expenditure)/income is stated after charging/(crediting):

8. Analysis of Expenditure

Raising funds
Office Costs
Repairs and subcontractors
Staff costs
Rent and utilities
Governance costs
Regular hub activities
Other costs		 Activities
undertaken
directly
£
4,725
295
-
-
-
-
44,248
-		 Support
costs
(see note9)
£

-

43,498

57,751

244,665

110,613

16,595

-

5,708		 2025

Total
£

4,725

43,793

57,751

244,665

110,613

16,595

44,248

5,708
49,268
478,830
528,098

Page 20

Age Concern Southend-On-Sea CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

Raising funds
Office Costs
Repairs and subcontractors
Staff costs
Rent and utilities
Governance costs
Regular hub activities
Other costs
. Support Costs
Office
Costs
£
Employee
costs
-
Premises
expenses
9,530
General
administration
22,942
Depreciation
11,026
Interest
payable
-
Governance
costs
-
43,498
Office
Costs
£
Employee
costs
-
Premises
expenses
9,160
General
administration
23,195		 Raising funds
Office Costs
Repairs and subcontractors
Staff costs
Rent and utilities
Governance costs
Regular hub activities
Other costs
. Support Costs
Office
Costs
£
Employee
costs
-
Premises
expenses
9,530
General
administration
22,942
Depreciation
11,026
Interest
payable
-
Governance
costs
-
43,498
Office
Costs
£
Employee
costs
-
Premises
expenses
9,160
General
administration
23,195		 Repairs and
subcontractors
£

-

-

57,751

-

-

-		 Staff costs
£

244,665

-

-

-

-

-		 Rent and
utilities
£

-

110,613

-

-

-

-		 Activities
undertaken
directly
£
4,888
259
-
-
-
-
44,601
-		 Support
costs
(see note9)
£

-

42,584

29,648

262,369

118,530

15,896

-

7,523		 2024

Total
£
4,888
42,843
29,648
262,369
118,530
15,896
44,601
7,523
526,298
2025
Total
£
247,146
120,143
88,676
10,854
9,425
2,586
478,830
2024
Total
£
263,438
127,690
62,901
...CONTINUED
49,748
476,550
Governance
costs
£

2,481

-

2,103

-

9,425

2,586
Other costs
£

-

-

5,880

(172)

-

-
43,498
57,751
244,665
110,613
16,595
5,708
Office
Costs
£
-
9,160
23,195		 Repairs and
subcontractors
£

-

-

29,648		 Staff costs
£

262,369

-

-		 Rent and
utilities
£

-

118,530

-		 Governance
costs
£

1,069

-

2,556
Other costs
£

-

-

7,502

9. Support Costs

Page 21

Age Concern Southend-On-Sea CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

Depreciation
Interest payable
Governance costs		 10,229
-
-
-

-

-
-

-

-
-

-

-
-

9,451

2,820
21

-

-
10,250

9,451

2,820
42,584
29,648
262,369
118,530
15,896
7,523
476,550

10. Independent Examiner's Remuneration

Independent examination of the financial statements

2025 2024
£ £
2,688 2,820

11. Staff Costs

11. Staff Costs
Staff costs were as follows:
Wages and salaries
Social security costs
Other pension costs		 2025
£
233,081
7,763
3,821
244,665		 2024
£
252,144
7,891
2,334
262,369

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

12. Average Number of Employees

Average number of employees during the year was: 20 (2024: 23)

13. Fundraising Costs

To secure a grant of £39,400 from the Veolia Trust to fund the replacement of the first-floor roof at The Haven, pursuant to the requirements of the Landfill Community Fund, it was a requirement that the Charity make a contribution equivalent to 10% of the grant received. This amount (£3,940) is included within Fundraising Costs. Of the grant of £39,400, £19,700 was received in the financial year ended 31 March 2024 and £19,700 was received in the financial year ending 31 March 2025.

Page 22

Age Concern Southend-On-Sea CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

14. Tangible Assets

Land & Property

14. Tangible Assets Land &
Property
Cost
As at 1 April 2024
Additions
Disposals
As at 31 March 2025
Depreciation
As at 1 April 2024
Provided during the period
Disposals
As at 31 March 2025
Net Book Value
As at 31 March 2025
As at 1 April 2024
15. Debtors
Due within one year
Trade debtors
Other debtors
16. Creditors: Amounts Falling Due Within One Year
Trade creditors
Other loans
Other creditors
Taxation and social security
Accruals and deferred income		 Leasehold
£
165,945
-
-		 Plant &
Machinery
£

63,725

7,464

(510 )		 Fixtures &
Fittings
£

7,649

-

-		 Total
£

237,319

7,464

(510 )
165,945
70,679
7,649
244,273
22,523
2,208
-
45,860

7,671

(52 )
3,174

1,147

-
71,557

11,026

(52 )
24,731
53,479
4,321
82,531
141,214
17,200
3,328
161,742
143,422
17,865
4,475
165,762
2025
£
13,886
3,641
17,527
2025
£
62,477
235,917
430
3,296
9,102
311,222		 2024
£
8,224
8,908
17,132
2024
£
57,659
207,491
434
2,821
7,019
275,424

Page 23

Age Concern Southend-On-Sea CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

17. Creditors: Amounts Falling Due After More Than One Year

2025 2024
£ £
Other loans - 19,000

18. Loans

An analysis of the maturity of loans is given below:

Amounts falling due within one year or on demand:
Other loans
Amounts falling due between one and five years:
Other loans		 2025
£
235,917
2025
£
-		 2024
£
207,491
2024
£
19,000

19. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £3,821 (2024: £2,334).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

20. Movement in Funds

0. Movement in Funds
Unrestricted funds
General:
General unrestricted fund
Restricted funds
Redundancy reserve
Restricted funds
Total restricted funds
Total funds		 As at 1 April
2024
£
(74,319)
1,714
61,527
Income
£

396,296

-

55,147		 Expenditure
£

(431,148)

-

(96,950)		 Transfers
£

(4,228)

4,228

-		 As at 31
March 2025
£

(113,399)

5,942

19,724
63,241
55,147
(96,950)
4,228
25,666
(11,078)
451,443
(528,098)
-
(87,733)

Page 24

Age Concern Southend-On-Sea CIO Notes to the Financial Statements (continued) For The Year Ended 31 March 2025

Unrestricted funds
General:
General unrestricted fund
Restricted funds
Redundancy reserve
Restricted funds
Total restricted funds
Total funds		 As at 1 April
2023
£
(68,693)
1,713
52,175
Income
£

423,918

-

106,107		 Expenditure
£

(429,544)

1

(96,755)
As at 31
March 2024
£

(74,319)

1,714

61,527
53,888
106,107
(96,754)
63,241
(14,805)
530,025
(526,298)
(11,078)

1) Redundancy Reserve

The Committee decided in 2001 that £3,000 of the balance on Income and Expenditure account should be ring-fenced to provide a reserve, to cover any eventual redundancy payments. Since then after multiple payments and transfers an opening balance of £5,942 was carried forward on 1st April 2025.

2) Restricted Fund

During the years ending from 31st March 2020 to 31st March 2025 the charity received multiple grants which were designated as restricted funds. These funds as well as the expenses these funds were spent on, have been separated from the general fund leaving a reserve of £19,724.

21. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

22. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure.

Page 25

Age Concern Southend-On-Sea CIO Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025

INCOME AND ENDOWMENTS FROM:
Donations and legacies
Donations and gifts
Gift aid
Grants
Charitable Activities:
Other charitable income
Regular hub activities
Fundraising events
Charity shop income
Other trading activities
Café income
Investments
Bank interest receivable
Other
Rental and other income from property
Other charitable income
EXPENDITURE ON:
Raising funds
Fund raising costs
Charitable Activities:
Office Costs
Operating leases
Cleaning
Computer costs
Insurance
Advertising and marketing costs
Telephone and internet costs		 2025
Total funds
£
34,599
8,651
80,147
123,397
163,845
23,686
16,474
204,005
44,301
44,301
920
920
78,745
75
78,820
451,443
(4,725)

Page 26

Age Concern Southend-On-Sea CIO Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued) For The Year Ended 31 March 2025

Depreciation of plant and machinery
Depreciation of fixtures and fittings
Depreciation of leasehold land and property
Repairs and subcontractors
Repairs, renewals and maintenance
Staff costs
Wages and salaries
Employers NI
Employers pensions - defined contributions scheme
Rent and utilities
Rent
Rates
Light and heat
Governance costs
Staff training
Staff expenses
Independent examiner's fees
Legal fees
Bank charges
Bad debts written off
Loan interest
Independent examiner's fees
Regular hub activities
Direct café expenses
Regular hub activities costs
Other costs
Printing, postage and stationery
Sundry expenses
Loss on disposal of tangible fixed assets
NET (EXPENDITURE)/INCOME		 (7,672)
(1,147)
(2,207)
(6,938)

(1,084)

(2,207)
(43,793)
(57,751)
(42,843)

(29,648)
(57,751)
(233,081)
(7,763)
(3,821)
(29,648)

(252,144)

(7,891)

(2,334)
(244,665)
(84,200)
(3,424)
(22,989)
(262,369)

(90,200)

(2,243)

(26,087)
(110,613)
(1,371)
(1,110)
(102)
(40)
(1,811)
(150)
(9,425)
(2,586)
(118,530)

(360)

(709)

-

(1,140)

(1,376)

(40)

(9,451)

(2,820)
(16,595)
(12,687)
(31,561)
(15,896)

(9,377)

(35,224)
(44,248)
(1,821)
(4,059)
172
(44,601)

(2,411)

(5,091)

(21)
(5,708)
(7,523)
(528,098)
(526,298)
(76,655) 3,727

Page 27