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2025-03-31-accounts

Charity Registration No. 1165856

Company Registration No. CE006799 (England and Wales)

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Hazel Williams MBE Adrian Kirby John Holdich OBE Jeremy Alexander Anthony Clark Chief Executive Melanie Pittock Charity number 1165856 Company number CE006799 Registered office U18, South Fens Business Centre Fenton Way Chatteris Cambridgeshire United Kingdom PE16 6TT

Auditor

Azets Audit Services Westpoint Lynch Wood Peterborough Cambridgeshire United Kingdom PE2 6FZ

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

CONTENTS

Page
Trustees' report 1 - 3
Statement of trustees' responsibilities 4
Independent auditor's report 6 - 8
Statement of financial activities 9
Consolidated balance sheet 10
Charitable incorporated organisation balance sheet 11
Statement of cash flows 12
Notes to the financial statements 13 - 31

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

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

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016).

Objectives and activities

The objects for which the charity (the CIO) is established and to which it is specifically restricted are to promote the following purposes for the benefit of the public and/or older people in and around the area of benefit:

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The following summary of our work and achievements during the year highlights the number of enquiries, contacts, attendances, interventions and assistance with local older people. Our aim is always to respond to the individual and their unique circumstances, taking a person-centred approach and tailoring services to individual wishes and needs. We had contact with service users over 78,000 times across all services.

The number of day services available reduced from six to five, as we no longer received funds to offer a day centre in Huntingdon. However, we supported a total of 104 individuals to attend 3,761 sessions.

Reliable and timely information is required to make informed choices and during the year the Information Services, provided information, advice and guidance engaging in nearly 23,000 enquiries. We estimate that we helped older people claim over £2.2 million in Welfare Benefits and grants, including over £600,000 through the Household Support Fund and Older Adults Winter Support, enabling access to services, reducing poverty and, also supporting the local economy. The Information and Advice service reached the national Quality Advice Standard, a significant achievement, which demonstrated the team provide a high standard of professional support, in the form of information, advice and guidance.

Community Wardens provided contact and help with small everyday tasks across 19 individual schemes, giving regular, often daily, help to 272 older people in their own homes. 50% of the people we supported were aged 85 and over. We regularly engage with local charities, trust fund holders and Parish Councils who kindly provide financial support to the Community Warden services, many of whom are well placed to identify older people who may wish to use these provisions. We continue to offer the first two weeks free for those wishing to trial the service, after which a small weekly fee is charged.

325 volunteers supported older people through our Sharing Time service, Telephone Befriending, and at Day Centres, as well as some carrying out administration duties for the charity. In addition, 55 volunteers were guided to deliver independent Friendship Clubs.

Our Cambridgeshire Handyperson Service supported nearly 1400 households, with practical measures such as the installation of key safes, grab and banister rails. Additionally, nearly 800 referrals were made to other support and services, more than double the amount compared to the previous year. The Home Checks service was on hold for most of the year and will be starting again in 2025-26.

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

We continue to provide a Hospital Discharge and Admission Avoidance Service within the Voluntary Sector Alliance partnership with Care Network Cambridgeshire and Caring Together. The joint service received 1,567 referrals during the year, supporting patients on discharge from hospital, or those at risk of being admitted, by making regular home visits and welfare calls, installing key safes and other practical measures, which ensure people are safe and supported. Most referrals are received from Addenbrookes, Hinchingbrooke and Peterborough City hospitals.

Social media plays a large part in sharing topical news and campaigns which affect the lives of older people, such as scams awareness, the loss of the Winter Fuel Payment and highlighting events such as Carers Week. We also showcased much of the support we gave through the sharing of case studies, including photos and quotes. The number of followers on platforms Facebook, Instagram, LinkedIn and X has increased slightly to nearly 4,600. Most of our 18 TV and radio interviews reflected on the cost of living, fuel poverty and how to access financial support. We carried out 114 talks and presentations to local community groups and professionals.

Our future focus is shared within our recently published 2025 – 2028 strategy entitled ‘United by Age’. The strategy speaks of the importance of our place in the Age UK Network, whilst being clear to the wider public of our individuality and independence as a local charity.

We will pay a particular focus on continuing our partnership approaches to service delivery and exploring how we might grow this area for the benefit of the people we help. We will be expanding our income generation efforts through fundraising in various forms, so as to lessen the reliance on statutory funds for new services or those no longer a statutory responsibility to fund, particularly when all sectors are experiencing difficult financial restrictions. That said, we will work with commissioners to secure longer term contracts, helping to ensure sustainability and gain the advantage of time to plan and develop services in line with the changing needs of the local population.

As part of the Integrated Care System, we will continue to support and contribute to the forthcoming changes within

local government and health.

The number of Board members has reduced significantly over the course of the year so we will be carrying out a recruitment exercise for Trustees.

Financial review

The accounts for Age UK Cambridgeshire and Peterborough have been prepared in line with the relevant regulations and guidance (as set out in note 1.1 to the accounts).

Total incoming resources of Age UK Cambridgeshire and Peterborough for the year were £1,989,676. Total incoming resources consisted of £462,202 unrestricted funds, £7,620 designated funds and £1,519,854 restricted funds.

Total resources expended before reallocation of support costs were £2,005,771 of which, after reallocation of support costs, £385,924 was unrestricted funds, £30,272 designated funds and £1,589,575 was restricted funds.

A gain on revaluation of investments of £622 was recorded in the year.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months’ expenditure. The trustees consider reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised or costs reduced. Based on the current level of expenditure this would require unrestricted reserves to be in the range of £550,000 to £1,100,000. The year end level of unrestricted funds at £727,686 is almost £84,000 higher than anticipated a year ago and is within the range set by the policy. Unrestricted funds are expected to reduce by around £107,000 over the coming year which will maintain unrestricted funds well within the policy range. Our long-term planning process drives us to maintain unrestricted reserves within the policy range. In addition to the unrestricted funds, there are restricted funds that were previously unrestricted in the former charities but are now restricted by geographical area following the merger and, fixed assets are matched by designated funds.

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The Trustees recognise the external uncertainties that still exist for the Charity and its service users through the ongoing Cost of Living crisis and consider that the current level of unrestricted reserves provides both a strong base for the Charity, as it continues to build its services and activities and provides opportunities for positive developments within the charity’s structure and offerings.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a charitable incorporated organisation (CIO) limited by guarantee established on 3 March 2016.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Hazel Williams MBE
Clive Adkin (Resigned 6 November 2024)
Adrian Kirby
John Holdich OBE
Alison Reid (Resigned 6 November 2024)
Jeremy Alexander
Julie Weaver (Resigned 26 June 2025)
Anthony Clark
Steve Hampson (Appointed 1 May 2024 and resigned 25 June 2025)

The trustees are the members of the CIO. None of the trustees has any beneficial interest in the CIO and have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.

The Board of Trustees, which is required to have a minimum of three members, governs the charity. The Board meets a minimum of 4 times a year. A sub-committee covers finance and other ad hoc groups are established for specific tasks.

The day to day operation of the charity is delegated to the Chief Executive, working with a senior management team which comprises:

Auditor

In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

Hazel Williams MBE

29 October 2025

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2025

The trustees, who are also the directors of Age UK Cambridgeshire and Peterborough for the purpose 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 which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that 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 Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

Opinion

We have audited the financial statements of Age UK Cambridgeshire and Peterborough (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees , who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

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. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Mark Jackson FCA DChA (Senior Statutory Auditor)
for and on behalf of Azets Audit Services 29 October 2025
Chartered Accountants
Statutory Auditor Westpoint
Lynch Wood
Peterborough
Cambridgeshire
United Kingdom
PE2 6FZ

Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Current financial year
Unrestricted
Designated
Restricted
funds
funds
funds
2025
2025
2025
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
61,075
-
6,661
Charitable activities
4
354,534
-
1,512,660
Other trading activities
5
302
-
533
Investments
6
29,641
-
-
Other income
7
16,650
7,620
-
Total income
462,202
7,620
1,519,854
Expenditure on:
Charitable activities
8
385,924
30,272
1,589,575
Net gains/(losses) on investments
14
622
-
-
Net incoming/(outgoing) resources before
transfers
76,900
(22,652)
(69,721)
Gross transfers between funds
(18,008)
4,375
13,633
Net movement in funds
58,892
(18,277)
(56,088)
Fund balances at 1 April 2024
668,794
151,751
566,128
Fund balances at 31 March 2025
727,686
133,474
510,040		 Total
2025
£
67,736
1,867,194
835
29,641
24,270
1,989,676
2,005,771
622
(15,473)
-
(15,473)
1,386,673
1,371,200		 Total
2024
£
32,322
1,946,280
1,421
12,679
20,621
2,013,323
2,125,370
1,583
(110,464)
-
(110,464)
1,497,137
1,386,673

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Prior financial year

Unrestricted
Designated
Restricted
funds
funds
funds
2024
2024
2024
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
17,841
-
14,481
Charitable activities
4
484,581
-
1,461,699
Other trading activities
5
-
-
1,421
Investments
6
12,679
-
-
Other income
7
11,542
9,079
-
Total income
526,643
9,079
1,477,601
Expenditure on:
Charitable activities
8
485,168
40,682
1,599,520
Net gains/(losses) on investments
14
1,583
-
-
Net incoming/(outgoing) resources before transfers
43,058
(31,603)
(121,919)
Gross transfers between funds
(158,946)
(2,133)
161,079
Net movement in funds
(115,888)
(33,736)
39,160
Fund balances at 1 April 2023
784,682
185,487
526,968
Fund balances at 31 March 2024
668,794
151,751
566,128		 Total
2024
£
32,322
1,946,280
1,421
12,679
20,621
2,013,323
2,125,370
1,583
(110,464)
-
(110,464)
1,497,137
1,386,673

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Fixed assets
Tangible assets
15
Investments
16
Current assets
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
19
Net assets
Income funds
Restricted funds
21
Designated funds
22
General unrestricted funds		 2025
£
£
133,474
14,801
148,275
74,575
1,265,231
1,339,806
(112,381)
1,227,425
1,375,700
(4,500)
1,371,200
510,040
133,474
727,686
1,371,200		 2024
£
£
143,008
32,325
175,333
77,036
1,379,018
1,456,054
(235,714)
1,220,340
1,395,673
(9,000)
1,386,673
566,128
151,751
668,794
1,386,673

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements were approved by the Trustees on 29 October 2025

Hazel Williams MBE

Trustee

Company registration number CE006799

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
26
Investing activities
Proceeds from disposal of investments
Investment income received
Net cash generated from investing
activities
Net cash used in financing activities
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
£
(161,574)
18,146
29,641
47,787
-
(113,787)
1,379,018
1,265,231		 2024
£
£
138,940
-
12,679
12,679
-
151,619
1,227,399
1,379,018		 2024
£
£
138,940
-
12,679
12,679
-
151,619
1,227,399
1,379,018
151,619
1,227,399
1,379,018

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Age UK Cambridgeshire and Peterborough is a charitable incorporated organisation registered on 3 March 2016 in England and Wales. The principal address is South Fens Business Centre, Fenton Way, Chatteris PE16 6TT.

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Donations are recognised on receipt. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grants are recognised once the charity has been notified of the grant unless performance conditions require deferral of the amount.

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Expenditure

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 is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Expenditure is included on an accruals basis. Expenditure includes irrecoverable VAT. Resources expended on charitable activities comprise those costs incurred by the charity in the delivery of its activities and services.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings Over 25 years on a straight line basis Office equipment Over 3 years on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
£
£
Donations and gifts
28,282
6,661
Legacies receivable
32,793
-
61,075
6,661
For the year ended 31 March 2024
17,841
14,481		 Total
2025
£
34,943
32,793
67,736		 Total
2024
£
32,322
-
32,322
32,322

4 Charitable activities

Invoiced services
Grants
Other income
Analysis by fund
Unrestricted funds
Restricted funds		 2025
£
296,737
1,511,560
58,897
1,867,194
354,534
1,512,660
1,867,194		 2024
£
358,065
1,528,628
59,587
1,946,280
484,581
1,461,699
1,946,280

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Other trading activities

Unrestricted
Restricted
funds
funds
£
£
Fundraising events
302
533
For the year ended 31 March
2024
-
1,421		 Total
2025
£
835		 Total
2024
£
1,421
1,421

6 Investments

Income from listed investments
Income from unlisted investments
Interest receivable		 2025
£
430
855
28,356
29,641		 2024
£
-
480
12,199
12,679

7 Other income

Unrestricted Designated
funds
funds
£
£
Rent receivable
16,650
7,620
Other
-
-
16,650
7,620
For the year ended 31 March 2024
11,542
9,079		 Total
2025
£
24,270
-
24,270		 Total
2024
£
20,044
577
20,621
20,621

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

8 Charitable activities

Staff costs
Other costs
Share of support costs (see note 10)
Share of governance costs (see note 10)
Analysis by fund
Unrestricted funds
Designated funds
Restricted funds		 2025
£
1,105,381
260,560
1,365,941
630,857
8,973
2,005,771
385,924
30,272
1,589,575
2,005,771		 2024
£
1,160,637
232,409
1,393,046
720,671
11,653
2,125,370
485,168
40,682
1,599,520
2,125,370

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year. A total of £133 was reimbursed to two Trustees for out of pocket expenses (2024: £69 to one Trustee).

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10
Support costs
Support costs
Governance
costs
£
£
Staff costs
438,584
-
Training and conferences
1,630
-
Travel expenses
9,356
-
Rent and service charges
12,809
-
Repairs and maintenance of premises and
equipment
2,782
-
Cleaning
415
-
Insurance
9,942
-
Telephone and computer expenses
59,030
-
Membership
145
-
Food and drink
19
-
Health and safety
731
-
Marketing and events
1,791
-
Payroll fees
8,778
-
Professional fees
15,753
-
Bank charges
4,895
-
Sundry expenses
39,432
-
Utilities
933
-
Water rates
70
-
Printing, postage and stationery
11,926
-
Materials and equipment
-
-
Meeting costs
2,518
-
Bad debts
(216)
-
Depreciation
9,534
-
Audit fees
-
6,500
Accountancy
-
2,340
Legal and professional fees
-
-
Trustees expenses
-
133
630,857
8,973
11
Auditor's remuneration
Fees payable to the charity's auditor and associates in respect of the
charity and its subsidiary undertakings:
Audit of the annual accounts
Non-audit services
All other non-audit services		 2025
£
438,584
1,630
9,356
12,809
2,782
415
9,942
59,030
145
19
731
1,791
8,778
15,753
4,895
39,432
933
70
11,926
-
2,518
(216)
9,534
6,500
2,340
-
133
639,830
2025
£
6,500
2,340		 2024
£
509,190
523
12,762
24,848
180
231
27,199
59,411
780
-
999
3,265
8,280
828
5,599
28,503
(3,294)
-
17,425
50
4,660
717
18,515
6,380
2,100
3,173
-
732,324
2024
£
6,380
2,100

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13 Employees

Number of employees

The average monthly number of employees during the year was:

Chief Executive
Direct services
Management and administration
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
1
91
12
104
2025
£
1,400,457
82,341
61,167
1,543,965		 2024
Number
1
111
15
127
2024
£
1,511,858
87,105
70,864
1,669,827

Included in wages and salaries above is £37,383 in respect of redundancy costs relating to 9 employees.

The number of employees whose annual remuneration was £60,000 or more were:

£60,000 - £70,000
14
Net gains/(losses) on investments
Revaluation of investments
Gain/(loss) on sale of investments		 2025
Number
1
2025
£
1,320
(698)
622		 2024
Number
1
2024
£
1,583
-
1,583

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15
Tangible fixed assets
Leasehold
land and
buildings
Office
equipment
£
£
Cost
At 1 April 2024
219,279
52,042
Disposals
-
(15,752)
At 31 March 2025
219,279
36,290
Depreciation and impairment
At 1 April 2024
76,271
52,042
Depreciation charged in the year
9,534
-
Eliminated in respect of disposals
-
(15,752)
At 31 March 2025
85,805
36,290
Carrying amount
At 31 March 2025
133,474
-
At 31 March 2024
143,008
-
16
Fixed asset investments
Listed
investments
Unlisted
investments
£
£
Cost or valuation
At 1 April 2024
13,481
18,844
Valuation changes
1,320
(698)
Disposals
-
(18,146)
At 31 March 2025
14,801
-
Carrying amount
At 31 March 2025
14,801
-
At 31 March 2024
13,481
18,844		 Total
£
271,321
(15,752)
255,569
128,313
9,534
(15,752)
122,095
133,474
143,008
Total
£
32,325
622
(18,146)
14,801
14,801
32,325

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

17
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
18
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
20
Trade creditors
Other creditors
Accruals
19
Creditors: amounts falling due after more than one year
Notes
Deferred income
20
20
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Non-current liabilities		 2025
£
66,675
7,900
74,575
2025
£
18,671
6,100
11,545
3,847
72,218
112,381
2025
£
4,500
2025
£
10,600		 2024
£
65,496
11,540
77,036
2024
£
18,810
121,959
8,169
42,381
44,395
235,714
2024
£
9,000
2024
£
130,959
2025
£
6,100
4,500
10,600		 2024
£
121,959
9,000
130,959

Movements in the year:

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

20 Deferred income (Continued)
Deferred income at 1 April 2024 130,959 943,809
Released from previous periods (120,759) (943,809)
Resources deferred in the year 400 130,959
Deferred income at 31 March 2025 10,600 130,959

Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Transfers
Balance at
Incoming
Resources
Transfers
Balance at		 1 April 2023
resources
expended
1 April 2024
resources
expended
31 March 2025		 £
£
£
£
£
£
£
£
£		 Friendship Clubs
613
22,000
(17,961)
-
4,652
14,000
(13,064)
-
5,588		 Information & Advice
3,137
104,920
(147,613)
58,383
18,827
115,486
(137,588)
9,267
5,992		 Household Support Fund
64,851
166,384
(166,168)
(40,000)
25,067
244,490
(228,053)
-
41,504		 Older People Girton
288
14,255
(12,549)
-
1,994
14,228
(13,019)
-
3,203		 Sharing Time
309
88,533
(106,756)
18,862
948
94,369
(97,485)
2,168
-		 Telephone Befriending
20,807
-
(14,642)
-
6,165
11,215
(14,708)
(1,300)
1,372		 Visiting Support Services
5,924
-
(5,924)
-
-
-
-
-
-		 Day Services
68,051
158,045
(216,935)
16,665
25,826
126,603
(163,531)
15,104
4,002		 Peterborough City Home Checks
806
37,650
(43,596)
5,140
-
24,005
(24,512)
507
-		 Hospital Support Services
61,921
363,932
(202,523)
-
223,330
306,683
(298,417)
(9,267)
222,329		 Cambridgeshire Handyperson Service
-
192,782
(180,159)
-
12,623
164,390
(178,714)
1,701
-		 Home Cleaning Services
-
23,208
(115,724)
92,516
-
34,412
(54,648)
20,236
-		 Community Warden Services
54,662
305,592
(368,032)
70,563
62,785
370,273
(359,752)
3,038
76,344		 Reserves arising on AUKCAP merger
224,971
-
1,135
(56,150)
169,956
-
(796)
(25,138)
144,022		 Peterborough Commissioned Services
2,683
-
-
-
2,683
-
-
(2,683)
-		 Restricted Legacies
11,354
-
(1,547)
(4,900)
4,907
-
(4,498)
-
409		 Hardship
-
300
-
-
300
(300)
-
-
-		 Supporting Day Services Activities
1,164
-
-
-
1,164
-
(290)
-
874		 St Augustine's Happy Days Fund
5,427
-
(526)
-
4,901
-
(500)
-
4,401		 526,968
1,477,601
(1,599,520)
161,079
566,128
1,519,854
(1,589,575)
13,633
510,040
21

Designated funds The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Transfers
Balance at
Incoming
Resources
Transfers
Balance at		 1 April 2023
resources
expended
1 April 2024
resources
expended
31 March 2025		 £
£
£
£
£
£
£
£
£		 Evelyn Boake
21,830
9,079
(22,166)
-
8,743
7,620
(20,738)
4,375
-		 Fixed asset fund
163,657
-
(18,516)
(2,133)
143,008
-
(9,534)
-
133,474		 185,487
9,079
(40,682)
(2,133)
151,751
7,620
(30,272)
4,375
133,474		 The Evelyn Boake fund relates to funds set aside for the ongoing maintenance of property. Analysis of net assets between funds Unrestricted
Designated
Restricted
Total
Unrestricted
Designated
Restricted
Total		 funds
funds
funds
funds
funds
funds		 2025
2025
2025
2025
2024
2024
2024
2024		 £
£
£
£
£
£
£
£		 Fund balances at 31 March 2025 are represented Fund balances at 31 March 2025 are represented by: Tangible assets
-
133,474
-
133,474
-
143,008
-
143,008		 Investments
14,801
-
-
14,801
5,819
-
26,506
32,325		 Current assets/(liabilities)
712,885
-
514,540
1,227,425
662,975
8,743
548,622
1,220,340		 Long term liabilities
-
-
(4,500)
(4,500)
-
-
(9,000)
(9,000)		 727,686
133,474
510,040
1,371,200
668,794
151,751
566,128
1,386,673
22 23

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

24 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025 2024
£ £
Within one year 3,519 6,707

25 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel, including pension contributions, is as follows:

2025 2024
£ £
Aggregate compensation 212,629 221,638

The remuneration noted above represents the cost of the Leadership Team and comprises 4.2 (2024 - 5.0) people.

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Owing to the charity's board of trustees being involved in local public and private sector organisations, it is inevitable that transactions will take place with organisations in which a member of the board of trustees may have an interest.

No individual has a controlling interest in Age UK Cambridgeshire and Peterborough.

AGE UK CAMBRIDGESHIRE AND PETERBOROUGH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

26
Cash generated from operations
Deficit for the year
Adjustments for:
Investment income recognised in statement of financial activities
Loss on disposal of investments
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease in debtors
(Decrease) in creditors
(Decrease) in deferred income
Cash (absorbed by)/generated from operations
27
Analysis of changes in net funds
The charity had no debt during the year.		 2025
£
(15,473)
(29,641)
698
(1,320)
9,534
2,461
(7,474)
(120,359)
(161,574)		 2024
£
(110,464)
(12,679)
-
(1,583)
20,649
1,373,736
(317,869)
(812,850)
138,940