Charity registration number 1165891 AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE LEGAL AND ADMINISTRATIVE INFORMATION Trusts•$ Mr J Godsall Mr D Williams Dr J Shapiio Mrs L Chatwin Mr O Savage Ms G Malkin Mrs SA Webb MrA C McLaughlin (Appointed 27 March 20251 (Appointed 27 March 20251 Chlef EXe¢u￿ve Officer Ms AAllen Charity number 1165891 Principal addre88 51 Windsor Street Bromsgrove Worcestershlre B60 2BJ Auditor Ormerod Rutter Limited The Oakley Kidderminster Road Dro1￿ICh Worcestershire WR9 9AY Bankers CAF Bank 25 Kings Hill Avonue Kings Hill Wesl Malling Kerit ME19 4JQ Na￿est Bank PIC 11 Western Boulevard 8ede Island Lei¢esler LE2 7EJ AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE CONTENTS Pagè Tnjstees, report Independent auditorfs réport Statement of financlal activities 10 Balance sheet 11 Statement of cash flows 12 Notes lo the finanryal statements 13-28 AGE UK BROMSGROVE REDDITCH AND WfRE FOREST TIA AGE UK NORTH WORCESTERSHIRE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees prosent their annual rèport and financial statements for the year ended 31 March 2025. The finanaal statements have been prepared in accordan￿ with the 8¢¢ounling policies sat out in note 1 to the financial statements and comply with the charity's governing d￿urnent, the Charities Act 2011 and "Aceounting and Reporting by Charities.. Slalernent of Recommended Practice applicable lo charities p￿parIng their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffeclive 1 January 2019). Change of Name Ai a Board meeting on 27 March 2025 the Board of Trustees agreed lo a change of name to AGE UK North Wor¢esletshire. This has been approved by the Charity Comm¢55wJn and Age UK National as our trading name. Objectives and actlvltles The objects for which the Charitable Incorporated Organisalion is established and lo which il 15 5pe¢ifically restri¢tèd are to promote the following purposes for the benefit of the public andlor older people in and arouFid the area of benefit.. Preventing or relieving the poverty of older people. Advan¢ing education for older people. Preventing or relieving sickness, disease or suffeiing in older people (whether emotional. mental or physicall. Promoting equality and diversity in relation Its older pèople. Assisting older people in need by reason of ill-health, disability. financial hardship, social exclusion or other disadvantages.. and To promote such other charitable purposes (which may be for the benefit of persons other than older people) a5 the Trusiees may from iirne to lime decide where Such purposes are uirecuy or Inoirectly allgned to or further any onfy or more of the above. Chairfs Report 2024r2025 has seen the continued rise in cost of living which has Increased the financial pressures faced by us all. TliaiiKb tv ili¥ iE5iIiEiIGe and dediGatEd wuik of our 5toff arid vvluiilEEr¥ we Lviiliiiu¥ lu Illli￿. l am a150 pleased lo report that we continue lo work with other local AGE UK charitie5 which has benefited the cliènts within North and South Worcestershire_ Changes on the Board have ensured we continue lo have Tru51ees with a bload mix of skills and experience to support our work. During 2024125. we W91¢omed the following Trustee Board members- Adarn McLaughlin Shiiley Webb Be￿een them they bring busingss and local council skills lo complement the current Boar(fs skill sèt. AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Aehi8vements and Perfonnance As an organisalion we will continue to build on our existing serwces and o)ncenlrale on the delivery of high-qualily sejmces lo people over the age of SO in North Worcestershire. Rètail The totsl shop sales were £695,705 which was a decrease of £52,423 compared lo the previous year. This was due mainly to the 8romsgrove High Street shop closing for 5 months and the Matchborough shop not r&opening until July 2024, a lolal closure of 8 months. Our fumilure shop on the Bromsgrova High Street dosad at the end of November 2024 due lo the building being sold al auction and the new owners occupying it. The new High Street shop did not open until May 2024, so wè lost 5 months of takings. The total takings for the High Street tor this financAal year was £125,931 compared lo the prewous year of £187,447, with a small profil of £5,106. The lolal EBay sales for tha yéar werè £55,5S2. which reSU￿ad in a loss of £32,901. 11 was originally thought EBay would close al the end ol Novetnber 2024. $0 PllGes were reduGed on all Ihe stock, which caused a loss of sales revenue. In December therè wèrè Iwo staff redundanC￿s. and we dècided to move the EBay service over lo the new High Street shop In Bromsgrove. Our EBay shop had lo close during the move whid) also resulied in loss of sales. The total sales of rags for the year were £17. 249 which was £10.210 lower than the previous year. The rag price per kilogram has dropped dramatically from 48p per kilograrn to just 17p per kilogram. The shops are currently rinding allemative ways to sell Ihelr rags lo help improve sales. A¢Jvice Service The Information & Advice team compris8s a Service Managar, a Deputy Manag8r, six I&A Officers. 2 I&AAssistants and 2 volunteers. The sorwce operates frorn thè Head OffL* on Imndsor Strèet in Bromsgrovo and is deliv•red by telephone, email and face-lo-faee. The c051-ol-living pressures continued from the p￿ViouS year. and in September 2024 the Govemmenl changed the eligibility cnteria for the Winter Fuel Allowance bringing an Influx of clients during the wintèr months seeking benefrt ents"Ilemenl checks, advice about claiming welfare benefits (pension credit in particular) and help with energy bill5. In Nov•m￿r 2024 tho Deputy I&A Managor joinod tho taam., this wa6 2 now part-timo po6ib.on to aEsi6t tha I&A Service Manager with maintaining quality within the service. Also in Novembef 2024, the service passed Age UK'S Quality of Advice Asse55menl and Servi¢e Management Remew, following a rigorous asstsssmenl of service procedures and an audit of advisers, case records. The service engaged with 3,004 clients this year12024- 3,8181, of which 1,S9812024- 1,627) were new to Age UK BRWF. There were 5.752 enquiries. 12024 - 5,8771 rnade by these clients and issues relating to welfare benefits were the most common ènquiry, with 2.507 enquiriès on this lopi¢. Clients wero assisted to daim welfare benefits worth £1.215,479 on an annual basis (2024- £1.308,267). 'Each individual dienl may initiate several enquiries covering advice tOPiC5 such as welfare benefits, 30rAal ¢are, and housing. Age UK BRWF remained a partner of the Worc&st8rshire Advic8 Nefvrfork (WANI in a contrad with Worce5ter5hire County Council lo provide Information & Advice acros5 Worcestershire. The Se￿ce also received another iound of funding from Age UK'S EON Wam Homes Project to provide benefit entitlement checks and energy sawng advice be￿een September 2024 and March 2025 to households at risk of fuel poverty. AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 At Home SeNce The At Home service contintjes to support around 200 iegular clients per month. However, this past year has seen a decline in the number of new clients we can accept for both cleaning and gardening Se[w￿S due lo a shortage of surtable staff, espeaally gardeners. As a restjll. the number of hours worked ha5 a150 been ￿dUCed. Recruiiment continues to be a key challenge. as the growth and expansion of the service are closely tied to the ability to bring in new staff. This is being actively tad(led by advèrtising across multsplè plafforms and attending local job fairs and employment events to attract new staff. On a positive note. our Foolcare service has seen significant growth. espeaally in the Wyre Forest area, with all three ¢lini¢5 eontinuing lo thrive and attract steady referrals. Additionally, we successfully completèd 50 Home Energy Che¢ks between Septembèr 2024 and Marth 2025. eaTning £103 p&r completed check. Thi5 inilialNe has provided a val¢Jable b0051 to the seNce and helped sustain our operations. Befriendin and Care Ca115 Service Demand from the local comrnunilies Served by Age UK BRWF is constant. The older population remain al home and with some having families no longer working from home or having flexibility to visil loved ones our service remains a lrfeline for many. Our Befriender5 prowde more than companionship. they are the lifeline to the wider community and encourage mernber5 to engage with others, to actively seek out new aquaintances and reconnect with old friends. Where 8ppropri8tè, support is given to re-join in activities previously enjoyed an¢J lo foster confidence to build those nelworks which were lost during the panderni¢. Age UK BRWF has been fortunate enough lo be given funding to enable us to deliver these vital socialisalion Se￿￿5. The Befriending volunteers iiow lake Inembeis for slioil walks, engage ii) Aye UK BRWF oiga*)ised ouli119s and in some instances loin in mild exercise classes. To ensure the health and wellbeing of our older community il is essential lo rnaintain a soryal wnne¢lion lo the wider community and lo alleviate the residual loneliness and fear rèsulting from two years of forced i￿OIation, while many oldcr pcoplc wcre loncly and i￿oIated prior to the pandemio. Thiough the sUPPOrt of Age UK BRWF we have been able to help introduce these people back into soaety, encouraging them lo enjoy the basic hurnan need for companionship and gentle social arnbition. 156 referrals have been made for the Befriendingl Care Call seNce during this financial period, made up of either a week5y fa￿ lo face visit or telephone cali. An average face to face contact can lake 2.5hr5. An average call can take 30 minutes dependent on the individuals, personal arcumstances and whether they need additional support. Approximalgly 350 CardsAetters are sènt out annually. We currenuy have 52 volunteers 5UPPOrting the service and are looking for more. Regular gel logelhers for Befrienders and their dients ar& proving su￿¢sSIu1 and il is very rewarding lo see new friendships being formed. This service remains a key free 5eThice for clients and one which we will continue to 5UPPOrt and gTOW. Activities 202412025 has been another period of growth and developrnenl for the charity's Groups & Aclivilies, supporting our strategic aim to help combat loneliness and isolation. By the final quarter of the year. the average number ol people attending Age UK BRWF'S Groups & Activities had grown to 219 people a week. A Feedback Survey, shared across all of the Groups & Activities in the spring, reported the lollowin9'. 98% members said that they felt the sessions were well run and that they thought that the session leads were helpful and supportive In terms ol the social aspeds of the Groups & Actimlies, 77% responded that the social aspect was 'Very Important, to them and a further 18Yo said that it was'somewhal importanr 91*A said that they had formèd n&w friendships as a rèstslt of attènding our Groups & Activities AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Following Age UK BRWF'S suceessful application for funding to Worcestershire County Counctl's Healthy Worcestershire Programme, three new Move More exercise classes were launched in Matchborough (Reddilchl, Cofton Hackett (Bromsgrovel and Chaddesley Corbett Iwre Fore511, with further opportunitie5 being explored for 2025128. In March, Mat¢hborough Move More was wsited by represenlalives IloTn Public Health wofceslershire. with the cla55 being filmed and rnembers inletwiewed to raise awareness of the benefits for older adult of keeping physically active, but also the invaluable social connection5 that the dasses enable. Bromsgrove Mèn In Sheds remains one of the charity'5 most popular groups. However the group faced a period of uncertainly when the Stoke Piior Unit, in which the Shed had been lo¢ated for eight years. was put up for sale. Thank5 to an amazing cornmunily effort. the Stoke Prior Unit was successfully exited before the end of the chaiity's lease al the beginning of Decernber and th8 contenls of the Shed relocated to a shared unit on Fineh End Fam). Finslall. Following a period of redU￿d capacity. as the new area was configvred lincluding the creation of a dadicatad machinè room and storage), the 'new' Bromsgrove Shed was officially opened by the Chairman of Bromsgrove DistriGt Councll on 28th March 2025 Ahhough ￿SponsIbl111Y foi the Tullp Tree Centre (Kidderminslerl Iran5fetred from Age UK BRWF lo HELP during the year, the Tulip Tree Friendship Group ha5 rernained at the Centre and has sean an increase in mernbetship in tha last quartei. Fundin for Pro The following 15 a summary of additional fvnds wè have received from Trusts, Oiganisations and Local Authorities for specific projects during 202412025.. Lottery Fund £24.105 To Support our 88friending Service Redditch Borough Council £4.620 To Support I&A in Reddkch Eve50n Trust £75,000 To Support the I&A Service Worcester Coui)ly Coui)¢il £50,000 ToAddress Loneliness Sn WorGestershire Worcester County Counc51 £50,000 To Keep people Healthy in Vvorceslershire Donations and Fundraisin Donations for I&Awere £1,115 and for Men in Sheds were £5,843 The renewal ofthe Shed Share Scheme continued lo ralse £2,100 towards Men In Sheds operating costs. We received legacy money of £14,067 in 2024125 SPG Group donated £7,200 that they had raised through Charity Golf Days Thg Chair of Bromsgrove Oislrict Council had AGE UK BRWF as her chosen charity for the year and we received £2.983 during the ffinancial year. Volunteers Our volunteers are crucial to our charity. They conlribvlè lo essential seTvice5, ski115 and time helping lo achieve our missions and support our ¢ommLJnilies. A Befriending Volunteer will prowde companionship and support lo an older person who is experiencing social Isolation by regular visit5, phone calls, letter5. Our retail Voluntee15 SUPPOrt our services helping lo raise valuable funds but also help to enhance their skllls. boost self-esleem, and provide a sense of community engagement. Being a Foolcare Volunteer helps address critical needs for our older adu115 and those with mobility issues. by ensuring access lo basic footcare service, helping towards independence, reduce pain and discomfort. These are just some ofthe many ways our volunteers help towards our charity. AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial review The main contributions lo the Charity's finances lo allow us lo provide our se￿￿$ continue to be from our Retail Shops, Al Home Service, Gharitable Trusts and Local Authoribes. Charitable giving by Sndividuals also makgs an irnportanl contribution to our services and activitie5. During the year to 31 March 2025, the Charity received lolal income of £1.271,84e12024'. £1,164,434). In the same period, £1,344,885 {2024." £1,274,834) was spent in pursuit of the Charity'5 objects, gen8rating a planned deficit of £73,04012024'. deflclt £110,400). As at 31 March 2025 £138,85712024". £78,606) was held as restricted funds and £956,93212024.. £1,141,631) was held as unreslricled funds. Reserves policy Age UK BRWF continue to monilor their level of reserves. Our poli¢y is that to allow the Charity lo be managed efficiently, it needs to have at Eeast three months. worth of running costs available in free reserves. Plans for future periods A 3 year corporate plan has been agreed up to 2027. Our major focus for the comlng year is to increase the retail part of our activities, lo help fund our charitable functions whi151 seeking to expand the reach of our services lo dients. Structure. govèrnancé and managamant Age UK Bromsgrove, Reddilch and Wyre Forest is a Charitable Incoiporaled Organisation {CIOI. The Charty is governed by its Constitution adopted in 2016 and revwed and updated in 2021. The trustees who served during the year and up lo the dale of signatUTe of the finanaal statements were.. MI R J Cu5tanGe IRe5igiiEd 2 Mdy 2024} Mr J Burbeck (Resigned 24 Augu512024) Mrs K Sharpe (Resigned 1 January 20251 Ms P Gapel (Resigned 16 May 2024} Mr J Godsall Mr D Wllliams Dr J Shapiro Mrs L Chthin Mr n .qAvAgg Ms G Malkin Mrs S A Webb Mr A C McLaughlin (Appointed 27 March 20251 (Appointed 27 March 20251 Recruitment and appointment of trustees New tiustees are appointed through a Gombination of public advertisement and word-of-mouth Te¢ommendation$. The Board seeks lo maintain a balanced range of skills and experience appropriate to the charity's aclivilies. All Prospective Iru51ees are interviewed and assessed against the charity's needs before being formalty appointed. Thè Chief Executive Officer has a team of fwe Senior Managers including the Deputy CEO. During 202412025 the Board convened quarterly, and the Chief Executive Olficer mel regularly with the Chair. The CharKy's strategic decislons are taken by the Board with ils day to day operations delagated lo the Chief Executive and her team. Pay and remuneratlon declslons are taken by the Board based on the adwc¢ of the Chief Executive and benchmarked lo reflect tnaikel conditions. We eontinuo to be part of the Age UK Brand Partngrship and meet it5 membership requirements. We regulady attend Age UK Regional Meetings and Age UK Conferences throughout the year. We also regularfy participate in forurns, boards, partnership and group meetings within Bromsgrove. Reddilch and Wyre Forest and the wider Worcestershire area. AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE TRU5TEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Inductlon and tralning of new Trustses New trustees are provided with information in the forrn of key governance document5. Charity Commission guidance explaining their duties and responsibilits"e& the lem)s of their engagement as a Trustee and details of the charity's key chanlable objectives. Each trustee is also provided wth a copy of the Charity's Memorandum and Articles of Associats'on. Rlsk management A risk register is in place. circulated lo Board members quarterty. and the risks ar& reviewed and discussed as nece88ary al every Board meeting. Al areas of activity are reviewed and policies and procedure9 relating to them updated. Specific policigs such as those relating lo vulnerable adults are in place and staff attend relevant safeguarding tralning as required by their Toles. Major risks are Identified and have mitrgalion procedures in place. whi¢h are reviewed periodically. All necessary insurances are in place, induding professlonal indemnity, and ara review8d regularfy. DBS checks are carried out as necessary for those staff. vdunteers and Trustees for whom they are requbred. statement of trustees, respon$lbHlde$ The trustees are responsible for prepaling the Trustees. Report and thg financial staternents in accordance wlh applicable law and United ￿ngdoM Accounting Siandards Iunited ￿"ngdOM Generally A¢¢eptsd AccMting Practice). Thè law applicable tD tharthes in England and Wales requires the tRJstee5 to pmpare financial stalemen15 f￿ each financial year whlch glve a true and fair vlew of the 8tsle of 8ffaSrs of the chanty and of the incoming resources and application of resources of the charity for that year. In preparing these finanual statements. the trustees are required to-. select suitable accounting policies and then apply thern con5iStendy", observe the methods and Pfinciples in the Charities SORP., make judgements and eslimales that aTe reasonable and prudent., state whether applicable a¢couftling stsndards hava been fojlowed, subject to any materiat departvres disclosed and explained in the financial statements., and piepaig th¥ finanLTal 5tatetnents lh¢ gulng GUWIGem ba515 unle55 Itls inapprDpriatB Iv p[￿}uin¢ Ihai cl)arlty will continue in oper81ion. -tees roaponeible for keeping 8Lffioent eCGounting recorda that dlsttlotse wth re•sonoble OGwrooy at ony time ￿e financial position of the charity and enable thern lo ensure that the financial 6ts1emenls ¢omply Ihg Charities Act 2011, the Charity (Accounts and ReFK)rtsl Regulations 2008 and the provisions of the trust deed. They are also respongble for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of frwd and other irregulaTilies. The trustees, report was approved by Ihe Board ofTrust8es. J ShakNro Chair AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OFAGE UK BROMSGROVE REDDITCH AND WYRE FOREST Opinion We have 8udiled the financial statements of Age UK Bromsgrove Reddilch and Wre Forest Ilhe 'charity') for the year ended 31 March 2025 which ¢omprisè thè statement of financial actimties, the balance sheet, the statement of cash flows and notès to the financial staternent5. including significant aeeounting policies. The finanaal reporting fiamework that has been applied in their pieparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard appliGable in the UK and Republic of I￿lAnd {Uniled Kingdom Generally Accepted Accounting PracliGel. In our opinion. the financial stalemenls.. give a true and fair view ol thè statè of the chariVs affairs as at 31 March 2025 and of its incoming resources and application of resources, for year then ended.. havè been properly prepared in accordance with United Kingdorn Generalty Accepted A¢counling Pr3cti¢e', and have been piepared in accordance with the Charities Act 2011. Basis for opinlon We conducted our audit in accordance with Inlemalional Standards on Auditing ￿K) IISAS IUKI) and applicablè law. Our responsibilities under those standards are further described in the Auditoffs responsibilities for the 8udit of the financial séat8Rnents section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial 51alernents in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethic￿ responsibilities in accordance with these requireTllenls. Vve believe that the audit ewdence WÈ have obtained is sufficianl and appropriate to provido a basis for our opinion. Conclusions rèlating to going concern In Buditing the financial 3taternent3, we have concluded that the tru3teea' use of the going concem b8?10 of accounting in the praparalion of the finantial slalements is appropriatè. Based on the work we have performed, we have not identified any material LJnCOrtainties rèlating to events or Cond￿On$ that. individually or collectively, may cast significant doubl on the charity's ability lo continue as a going concern for a period of al least ￿e1ve months from when the financial slalemenls are aulhorised for issue. Our respon5ibililies and the ￿SponSibl1111es of the trustees with resped to going concem are described in the relevant sections of this report. Other Information The other information comprises the infomation included In the annual ￿port other than the financial statements and our audilorfs report thereon. The trustees are responsible fN the other information contained within the annual report. Our opinion on the financial slalements does not cover the olhei infortnalion and we do not axpress any form of assurance condusion thereon. Our responsibility is to read the other inforrnalion and, in doing so. consider wh6lher the olhar information is materially inconsistent with the financial statements oi our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material in¢onsisten¢ies or apparent material misstalèmènls, wè arè required to dÈtem)ine Wheth￿ this gives rise to a material misstatement in the financial slalements themselves. If, based on the work we have performed, we condude that there is a material misstatement of this other inft>rm8tion, we are requlrèd to report that fact. We have nothing lo report in this regard. Matters on which we are required to report by ex¢eptlon We have nothing lo report in respect of the following matters in relation lo which the Charities (Accounts and Report51 Regulations 2008 requires us lo repofl to you if, in our opinion.. the information given in the financial statements is inconsistent in any material Tesped with the Iruslees. report.. or Sufficient accounting records have not been kept., or the financial statements are not in agreement with the accounling records., or we have not received all the information and explanations we require for our audit. AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OFAGE UK BROMSGROVE REDDITCH AND WYRE FOREST Responsibilities of tru$tee$ As explained more fully in the slalernenl of Iruslee5' re5pon5ibililie5, the trustee5 are responsible lor the preparation of the finaneial slalernenls and for being satisfied that Ihey give a true and fair view. and for such inleinal conliol as the Irust8ès determine is necessary to enabse the preparation of financial statements that are free from material misstatemanl. whether due to fraud or error. In preparing the financial statements, the trustee5 are responsible for assèssing the charity's ability lo continue as a going COn￿M, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either inténd to cèasa operations, or have no realistic allemalive bul lo do so. AudIt0￿5 responsibiliti•s for the audit of thè flnanclal stat•mgnts We have been appointed as auditor under section 144 of the Chaiilies Act 2011 and report in accordance with the Act and ￿levallt regulations made or hawng effect Ihereunder. Our obieclives are to obtain reasonable as5uran¢e about whethèr the financial slalÈm8nts as a whole are free from material misstatèment, 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 bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material mi5Statemenl when il exists. Mi5Stalements can arise from fraud or error and are considered material rf, individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on the basis of these finan¢ial statements. The extent to which our procedurès are capablè of detacting irregularitias, including fraud, is detailed below. Based on our understanding of the charity, we identified the prinapal risks of non-compliance with laws and regulations including those that have a direct impact on the preparation of the finanoal slalements and the extent lo whith non~complian¢e might have a material effect on the financial slalernenls. Audit proTrdures performed included dis¢us5ion5 with management, review of board rneeling minutes. lesling of journa15, designing and performing audit proceduies and challenging a55umplions arKI judgements rnade by management in relaii'on to accounting estimates. There are inherent limitations in the audit procedures described above. We are less fikely to become aware of instai)Ges of noiiTr- c4￿￿0 <0 U> ¢ry ¢n Ln * *ry)mor c c 2 a(no￿(r)￿{￿<(D (ooo O) * ¢J> rom (n o) o) AGE UK BROMSGROVE REDDITCH AND WfRE FOREST TIA AGE UK NORTH WORCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEJIR ENDED 31 MARCH 2025 10 De8criptlon of charitable aGtivities Infortnalion & Advice To offei help and support on a range of topics including social care. benefits and pension advice, staying safe, wam and independenl at home as well as support for carèrs. Social Activities A variety of dasses and acllvifjes lo keep people active. Practical Su ort Help al Home service to support peopl@ to remain independent in their own hornes and the befriending Serv1￿ lo support people in their own homes through regular calls or visits. Governan To 5UPPOrt the running of the charity. Pro ects ProjeGts to support the spe¢ifi¢ needs ol the wmmuiiity. 11 Support costs Support Governan¢• ¢otsts osts 2025 2024 staff costs Depreciation Professional fees nfflttp. r.nqts Telephone, printing and posla9e Sundry •xpèn$*# Bank charges Rent. iales and ulifilies Activities Accountancy fees 150,544 5,978 7.647 995 477 151,021 5,978 7,647 095 125,021 % allocation 86,273 % allocation 6,841 °A allocation {690) OA allocation °A allocalion 17.321 1.064 751 21.634 17,321 1,157 751 21.634 184 8.498 11,830 {1,135} % allocation 587 DA allocation 14,838 Qh allocation 208 % allocation 8,339 Governance 93 8,498 2Q6,118 9.068 215.186 232,112 Analysed be￿een Fundraising Charitable acbmties 140,680 65,438 140,680 74,506 139,734 92,378 9,068 206,118 9,068 215,186 232,112 Governance costs inclLtdes fees lo the auditor of £8,498 for aud(( fees 12024.. £8.339 for audit feès). 21 AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 12 Net movement in funds 202S 2024 The net movement in funds is slated after chargingllcredilingl.. Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 8,498 15,794 8.339 70,146 13 Trustees None of the trustees (or any persons connected ￿th Iheml received any reMu￿ratIOn or benefils from the charity during the year. 14 Employees Number of omployèès The average monthly number of employees during the year was: 2025 Number 2024 Number Employees 87 84 Employment costs 2025 2024 Wages and salaries Social security costs Other pension eoÉtg 897,694 43,179 17,568 767.306 31.444 13.666 958,441 812.416 There were no amployees whose annual remuneration was £60.000 or mora. During the year. the charity incurred lerrninab.on costs amounting lo £6,917 ralating to the redundancy of 2 employees. The key management personnel are represenled by the roles within management and finance. The total employee benefits (including employer pension conlribulions) received by key management personnel was £108.26912024.- £93,355). 15 Taxation The t*arfty is exempl from taxation on its actimties because all ils income is applied for charitable purposes. -22- AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Tangible fix￿ assets Freehold laThl Flxturès an and bulldlngs ffttlngs Computèr equlprnent Motor vehicles Cost At 1 April 2024 Additions DisposaFs 126,583 19,867 2,121 41,266 25,079 {17,8301 16.912 204,628 27.200 {17,8301 At 31 March 2025 126,583 21,988 48,515 16.912 213.998 Depre¢iation and Impalmignt Al 1 April 2024 Depreciation charged in the year Eliminated in respect of disposals 66.818 2,480 8.682 4.171 28.842 9,143 117.8301 16,912 121.254 15.794 (37.8301 At 31 March 2025 69,298 12,853 20.155 16,912 119.218 Carying amount Al 31 March 2025 57,285 9,135 28,360 94.780 Al 31 March 2024 59,765 11,185 12,423 83,373 17 Debtors 2025 2024 Amounts falling due wlthln one year: Trado dobtors Other debtors Prepayments and accrued income 15.891 9,185 32,975 19,027 5,441 37,138 57,851 61,606 18 Creditors: amDunts falling due within one year 2025 2024 Other laxalion and social secxjrity Trade creditors Accruals and deferred inctsme 12,991 23,387 18,849 8,667 12,327 18,754 55,227 39,748 -23- AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Provisions for liabllltles 2025 2024 128.105 136,400 Movements on provisions: At 1 April 2024 Additional provisions in the year Reversal of provision Utilisation of prowsion 136.400 45.305 133,2321 120,3e81 Al 31 March 2025 128,105 20 Rètirgmènt benefit schemes The charty operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separalely from those of the charity in an independèntly administered fund. The charge lo profil or loss in ￿$pert of defined contribution schemes was £17,568 {2024.' £13.6661. 24- AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 21 R•stricted funds The restricted funds of the charity comprise the unexpended balan(*s of donations and grants held on trust subject to specific conditions by donors 8$ to how they rnay be us8d. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 20.369 121,9781 122,5691 {6,0881 {1,5051 120.3681 Mrs Jack50n dec'd legacy WAN additional funding WAN Awareness Healthy Worcèstershiie National Lottery Lottery Fundirng- Befriending The Eveson Trust WCC grant RBC Outreach Social Prescribing Redditch Aid NHB Community r8 Forest District Council KeOQit¢h Aid bickness Fund WF Gouncillor RBC- VCSE Fund 55,572 33,594 23,850 13,500 5,0 11.2811 7.412 3.495 10.000 8.754 17.124 50.000 10,000 9,748 24,105 75,OCM) 50.OLXJ 125,0991 {57,8761 116 119 1116) 1119) 12,9931 16871 14641 2,or17 4.197 1.581 tiy 1,434 515 852 250 3.450 1.300 250 {1bO} {250) 4,820 14,6201 78,6C6 205.825 {123.5301 122,044} 138.857 Previous year: At 1 Aprfl 2022 Incomlng Resources yr￿.￿dpd Transfers At 31 March 2024 rp2niirrp Mrs Jackson dec'd legacy Nats'onal Lottery Lottery Funding- Befriending The Eve50n Trust Rapid Discharge RBC Out￿aCh Age UK Merger Grant Fund Social Prescribing NHB Community Wyre Forest District Council Redditch Aid Sickness Fund WF Councillor Age UK Cost of Liwng Fund RBC- VCSE Fund 57.182 10,000 74 54,040 5,000 703 233 478 2,134 146 852 250 6,5( 11,810) 55.572 10.000 9.748 23,109 113.435) 154,040) {5,000) 1587) (233) 11.850) (700) 1207) 116 1,491 119 1,434 515 852 25 576 28,gJ4 1,996 124,998} 11.996) 110,412} 137,598 56.076 199,656) 115,412) 78,608 -25- AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 IAARCH 2025 21 Restricted funds {Continuedl Lè ac Mrs Jackson Doc'd- Funding for the benefit of of the residen15 01 Wyre Fotesl Tulip Tree Cenlre. Lotte Fundin - Béfrièndin Funding lo support the Befriending Service. Soclal Prescribin To re*stablish and develop actiwties. NHB Communi Funding lo support the growth and development of Men in Sheds including the reconfiguration of the èxisting unit to increase capacity and lo support the holding of additional Mis lad community aclivilies. rèFo $t Dl$trl¢t Council- Thls was orlginally WFDC but now 1$ various groups donating lo help support the Friendship GroupActivities. Lotte Vvorcastèrshire. - Awards for All- Funding to help sUPPOrt Information and Advice home visits across North R8C Outrnach - Establishing an Information hub and outreach service al our Malchborough Way Shop. Redditch Aid Sickness Fund- To support the operation and development of a¢tniilies in Reddilch F Coun¢lllor- To eontribute to improwng the environmentlfaeilities al the Tulip Tree Centre. RBC VCSE Fund- To improve the health and well being of people in Worcestershire. Th8 Eveson Tru$t- To support the services of Infom)ation and Advice. wc nt- To continue services lo alleviate loneliness and isolation. During the year, there was a transfer of restricted funds of £20.368 with respect lo the Mrs Jackson legacy. This represents dilapidalion costs for the Tulip Tree Centre following the end of the lease term. which were provided for in the prior year as an unre51ricled cost. 22 Unrestrictod funds The unrestricted funds of the tharity cornprise the unexpended balances of donations and grants which are not subject lo spe¢if*c conditions by donors and grantors a5 to how they rnay be used. Th&se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 Aprll 2024 Ineomlng rnsourc•s R•sources expanded Tran$fers At 31 March 2025 General lunds 1,090,223 1,068,021 11,221.356) 22,044 956,932 PTe￿o￿$ year. At 1 April 2023 Incoming rnsourcos ResouT¢e$ expended Transfers At 31 March 2024 Gèngral fund5 1,141,631 1,108.358 11.175.178) 15,412 1,090,223 -26- AGE UK BROMSGROVE REDDITCH AND WYRE FOREST TIA AGE UK NORTH WORCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Anatysi$ of net assets bets¥een funds Unrestricted funds 2025 Re$trictsd funds 2025 Totsl 2025 At 31 March 2025.. Tangible assets Curienl asselsllliabilitiesl Prowsions 94,780 990,257 1128.1051 94.780 1.129.114 {128,1051 138,857 956,932 138,857 1,095.789 Unrestricted funds 2024 Restricted fund$ 2034 Totsl 2024 At 31 March 2024: Tangible assets Current assetsllliabililiesl Provisions 83,373 1,143.250 {136,4001 83.373 1,221,856 {136.4001 78,606 1,090.223 78,606 1,168,829 24 Operatlng lease commibnents Le55ee At the reporting end date the charity had oulslanding commitmen15 for future minimum lèase payments under t)on-cancellable operating leases, which fall due as follows", 2025 2024 Imthin one year Between two and five years In over five years 50,771 95,792 4,550 62,929 124,854 60,168 151.113 247.951 Lease payments recognised as an expense lolalled £61,061 12024.. £50.9791. 25 Llability of members If the CIO 15 wound up, the Members of the CIO have no liabilty to contribute to ils assets and no personal responsibility for settling its debts 8nd liabilities. 26 Rglatsd party transaction5 There were no disclosable related party transactions during the year12024.' none). 27- AGE UK BROMSGROVE REDDITCH AND WfRE FOREST TIA AGE UK NORTH WORCESTERSHIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 27 Cash labsorbed byllgenerated from operations 2025 2024 DeficAt for the year (73,0411 {110,400} Adjustments for: Investment income recognised in statement ol financial aclmlies Depreciation and impairn￿llI of tangible fixed assets 118.2411 15.794 113.3151 70.146 Mov•m•nts in working capital: Decrease In debtors Incx8aselldecrease} in creditors Increaselldecrease) in provisions 3.755 15.479 18.2951 42,687 159.0481 136,400 Cash labsort>ed byllgenerated from operatlons 164.5491 68,470 28 Analy315 of changès in net fund$ The charity had no material debt during the year. 28-