Company Registration number: 10294887 Charity number. 1168807 Age Concern Tyneside South Flnancial Statomantg For the year ended 31 August 2024
Age Concern Tynoside South Contents Page Report of the Trust8es R8port of the Indap8ndent Auditors 9-12 Statement of Financial Activities 13 Balance Sheet 14 Statem&nt of Cash Flows 15 Notes lo the financial statements 16-28
Ag• Concom Tynulde south R•port of thg Th18t•e• Forlh• year ended 31 Augu8t 2024 The truBt888, who are also the dlrectors for the purposes of company law, present ther report and th6 audited financlal ststements of Ihe tharlty for the year ended 31 Augusl 2024. Chalrf8 report I would Ilke to take th18 opportunty to thank my fellow Trustees and expr888 my gratitude for thelr suppcxt and dedlcated work commllment. I would also Ilke to place on record my appreclatlon for all the work our stsff and volunteers do; thelr commllment Is exfimF48ryand WItht them, Age Conc8rn Tyne8ld8 South (ACTS) would not able lo offer the Incredlble 8ervke8 that they do. It ha8 been another thallenglng year for our organlsallon wlth managlng the constantly changlng landscape wlthln socl8ty and th8 changlng need9 of people durlng the thanglng respon999 to the 8y6tem changes, In pardGular, but thank8 to the directlon of lh8 8enbr managoment t88m and trust888 the orglsatIOn ¢ontlnues to progr888 with a p081dv8 forecast for the *Jture but not wlthout futher challenges. We h8ve been rA8&8ed to b8 Su088ful In addlng d8mgntla day opportunltles 8ervlce8 to our range of prov181on to people In South Tyneslde. We wlll work in partnershlp with th8 I(1 aulhorlty, ICP, and olhor local voluntary eector organ18atlons to onhance the provi81on of 8UPP(xt to th18 Important group of people. The charlty8 financlal p08Ftion13 oullned In thls reporL We wlll contlnue to Use our Income and wlll look to make Investments where It Is flnanclalty vlable to do so as we C(linUe to Improve the financlal health of ACTS. Our 88nFor management toam have had to work hard to rtnage the numbar of dffirrKult declglon8 during Ihls year. Thelr energy and 8kllls. wlth the dedlcatlon of the board, h8ve 8n8ur8d we contlnue to have strong governance and we continue to delver éxceptlonaj valua for money wlth 8ervlces that are fit for purpose reCtIj the charlty'6 values. Wo continue to dovelop our derstandIng of the local populatlon and thglr n8ed8. Thi$ wlll ald us In progresslng our strateglc obJo¢llve of maklng South Tyneside tho most age frlendty borough in the county. Wo cannol to do th18 alone and we wlll contlnue fo forge strong Ilnk8 wlth the communlty, our Statutory and ch8rity partn815 to dellver our g081. Ensuring w8 contlnue to pmvlde 8UPPOrt to 8maller charilie8 and the sy$tem dollverfng on our prlnclples and bellefs. Fally. I would Ilke to tak8 thIB OPPOrtunlty on behalf of th8 Board to express to all our p8rtn8r8 and stakehold8r8 who contrlbute to work of th8 charfty. Villthcyut you we would not b8 a8 dynamlc. flexlble and responslve a8 have been over lh8 pa81 ev8r4hanglng yaar and you all 8n8ure we malntain our values a8 we provlde the 88r41ca8 requlre(J to enhance the Ilves of alt who u8e our 8ervlces. W8 811 look forward to contlnulng to 80rve tha okler paople. carer5 and peopl8 8ufferlng from demenlla who use our ser¥lc 6 acro88 South Tyneslde. Bgst 8he8 Carn8ron Ward Intertm
Age Concem Tyneslde South Report of Ihe Trustees (Contlnued) For the year ended 31 Augusl 2024 Reference and admlnlstratlve details Reglstered eharlty name Age Concem Tyneside South Charity reglstration number 1168807 Company reglstration numbor 10294887 Prlnclpal offlce and registered 29 Beach Road offic8 South Shi81ds NE33 2QU England The trustees M Adams l Brim6r R Gillies N Kaier J Puach R Staward A Trollope Icward Audltor S&W Audit Partners Llmlted 17 Queens Lane N8wcastl8 upon Tyne NE11RN Solicitor Collingwood Legal 30 Riverside Studios Amethyst Road Newcastle Business Park Newcastla upon Tyne NE4 7YL Bankers Barclays Bank Fawcett Street Sunderland SR11RS
Age Concem Tyneslde South Report of the Trustees (Contlnued) For the year ended 31 August 2024 structurn. governance and management Governlng documents Th8 organisation is a charitable company limited by guarantee. The company was established under a Memorandum of Association which established the obj&cts and pow8r8 of the charitabl8 company and is governed under its Articles of Association. In the event of the company being wound up, members are required to continue lo contribute an amount not exceeding £1. Racrultment. appolntment and tralnlng new trustèOS Charity trustees for the purpose of charity law and under thc company's Articles are known as members of the Management Committee. Undcr ihe requirements of tha Memorandum and Articles of Association tho members of the Managamant Committae are elected for three years. All mernbers of the Management Committee give thelr tim8 voluntarlly and receive no benefits from thg charity. The Management Committee m88t on a bi-monthly basis and are respons5ble for the strategic direction and policy of the charity. Pollcles for the indu¢tlon and tralnlng of new trust8OS Age Concern Tyneside South recognises that an effectlV8 board of trustees Is essential if the charity 18 to be effective in achieving its objects. Th8 board must seek to be representative of the peopla with whom th8 charity works and must have available to It, all of the knowledge and skills required to run tha charity. Individual trustees musl have sufficient knowledge. both of trusteeship in general and of the Gharity's activitles, Io enable them to carry out their role and to represent the charrty at meetlngs and other events. The Chief Officer and Chair of Trustees are responsible for the ensuring that the induction proce58 is arranged and complet8d. A tT8ining programme is in place to ensure th8t any newly appolnted trustee will receive training on all matters necessary to enabl8 them to perform their dut185 effectively. This will be tailored to their specific n88ds but, unless the appointee is already sufficiently exp8rienc8d, should cover as a minimum:. govemance and managem8nt' equal opportunlties. a thorough induction to the history and current activlties of the organisation. suffici8nt explanation of th8 charltles financial aGcounts and reporting procedures to enabla th8m to exercise fiscal oversight. Explanation of all charity policies includes those relating to truslee expenses and how they can be claim8d. If a new trustee is to taka on any specific dulles, all needs in relation to this will be assessed. It is acknowledged Ihat trustees have a wide range of other commitments and every effort will be made to make this training accessible to the individual by arranging it to be conducted at time5 convenient to them. Organlsatlonal structure and declsloD making A line management systom is in place with day-to-day responsibility for the managernent of the organisation resting with th& Chief officer. The Chi8f Officer is responsible for ensuring that the charity delivars the services specified and that key perfomance indicalors are met. Day-to-day op8ration management is headed by indivldual team members using the reporting structures and lin@ management lo finally report to the Chlef Officer and Trustees. Pay policy for senior staff The Chief Officer implements the pay policy on an ongoing basis and is responsible for pay review and setting salarie5 for senior staff. The Board reviews the Chief Officerfs salary annually and is responsible for making any decisions about remuneration of the Chief Officer. Employmanl pollcles The charity operates a number of key employment policies including Equality, Diversity, and Inclusion, and Heallh and Safety.
Age Concem Tynesida South Report of the Trustees (Continued) For the year end&d 31 August 2024 Rlsk management The syslems of internal control are designed to provide reasonable assurance against material misstetement or loss. Inlernal control processes implementad by the Trustees include.. Board scnjliny of the risk register. A strategic plan and annual budgat approved by the trustees. Regular consideration by Trust88s of the financial results, variances from budget, forecasts and performance indicators. De18gation of aLrthority and segregation of duties. Identification of risk and statutory complianc8 issues including safeguarding. Trustees have in pl8C8 a formal risk managernent framework and policy lo assess risk and implem8nt managemanl strat6gi8s. A risk register is in place which is scrulinised w8ekly by th8 senior managem8nt team. This proc8SS reports to th8 board on a quarterly basis reporting by exception. The process identifies the types of risk the charity faces, prioritises th8m In tenns of the Ilkellhood of occurrence and potential Impact, and identifies the means of mltigatlng these rlsks. Invostment Pollcy The Articles of Association state that in th8 furtherance of Age Concern Tyneside South's objectives the charity shall have the power to invest monies not immediately required of its purpose. As of August 2021, no investments were held. Prfncipal fundlng sources South Tyneside Council NHS Integrated Care Board {ICB) Big Lottery- Reaching Communities Henry Smith Community Foundation Kellot Fund UK Online IT Training Masonic James Knott Resorves Pollcy As a minimum ACTS will aim to hold In reseNe enough money to cover its known financial commitments (e.g. rental of office space. rental of equipment such as photocopiers), the core functions of the organisation {i.e. those function5 not directed to service delivery) for 3 months and enough money to cover its redundancy commitments to employ6eS. Key Management Personnel The key management personn81 ar8 the non-executive directors (Trustees) of the organisation. thoy are r8sponsible for the day-to-day management of the charlty's activilies.. Chief Officer Deputy Chief Officer Services Development Officer Grahame Cassidy Susan Wicks Stephanie Kerrigan
Age Concern Tyneside South Report of the Trustees (Continuod) For the year ended 31 August 2024 Objectivès and actlvltles The objects for which the charity is established and to which it is SP8cifically restricted are to promot8 the following purposes for the benefit of th8 public andlor older people in and around The Borough of South Tyneside.. preventing Dr relieving th8 poverty of older peopl8', advancing education. preventing or relieving sickness, disease or suffering in older people (whether emotional, mental or physical)., promoting equality and divarsity., promoling the human rights of older peopl6 in accordance with Ihe Universal Declaration of Human Rights., assisting older people in need by reason of ill-health, disability. financial hardship, social exclusion or other disadvantages. and such other charitable purposes for the banafit of older people as the Trustees may from time to time decide the outcome of this being the promotion of th8 well-being of old8r people. The charlty has the following powers exercisable in achieving its objectives. to encourage, promote and organis8 direct services appropriate to the needs of Indlvldual elderly people or groups of 81derly p8ople and rf thought fit to make reasonable charges for any services provid8d. to promote and organise co-operation in lh8 achlevement of thè above objects and to that end to support. join in with and co-operato with other charities, volunlary bodies, statutory authorities and other organisations operating in furtherance of the objects or of similar charitable purposes and to exchange informatlon and advice with them. to 8St8bllsh, support, undertake or execute any charitable trusts, associatlons or institutions fom)ed for all or any of the objects. to establish or Scquire subsidiary companles to assist or act as agents for the charily. lo promote and carry out, or assist in promoling and carrying out, sutveys. investigations and research. to provide food, drink and refreshments as appropriate but only for persons participating in the aclivilies of the charity. to arrange and provide for, or join in arranging and providing for, tha holding of exhlblllons. me8tlngs, lectures, classes and training courses. to publlsh books, pamphlets, reports, leaflets, journals, films, videos, tapes and othar materlal. to appoinl and constitute such advisory committees as the Board of Trustees. The charity has achieved its objectives as illustrated In the review of our achievements and perfomiance. Public 88nofll The aims of our services, for older people continue to be ageing well, reducing social isolation, maximising income, advocacy, enabling and promoting physical health and wellbeing. The trustees ara satisfied that in accordance with the Charity Commission guidelines, Age Concem Tyneside South meet the public benefit requirements. Th8 trustees have regard to Ihis guidance when exercising any powers or duties to which the guidance is relevant. Achievements and performance Sustaining and Growng The aim is to diversify our income streams, to includa charitable trust granls, statulory seclor contracts, Services we make a charse for, developing community fundraising and developing a range of paid for services. this has been more difficult post-pand8mic, but remains a key objective.
Age Concem Tyneside South Report of the Trustees (Contlnued) For the year endod 31 August 2024 We retained our Local Authority contracts for FY 2022-2025. W8 hav8 continued to SLJccessfiJlly delivor our services as funded by charitable trusts. We increased our Integrated Car8 Board Contracts in FY 2022-25based on our staffs excellent delivery. We have continued to deliver on a 3+2 y8ar contract to deliver dementia day care opportunities. We aim to maintsln and where appropriate grow a more commercial approach alongside our charitable service delivery. We have added Adult Carers Contract Starting in April 2024 as a 3+2 contract too We continue to meet older persons needs by focusing on person-centred activitios and involving older people in the design of our seNices. Innovatlng and improving W8 have continued to identify opportunities to work across a wider rang8 of services to this end we have added a pre diagnosis Dementia Offer to our Contracted offer. W8 have successfully mainiain8d Ag8 Conc8rn Tyn8side South in its 8th year, wllh Increased numbers of people helped, slaff and volunteer increases too. W8 have conlinued lo use the holistic assessment tool with the majority of clients addlng In addltlonal information and options as funding is obtainad. We have increased the number and qu81ity of grant applications lo meet locally identrfied people's need. these will have a positive impact going forward. Delivering a range of hlgh-quallty person-centred servlces and soclal enterprfs8S The aims of our services for older peop18 continu8 to be r8ducing social isolation, maximising income. enabllng Independent living, and promoting health and emotional wellbeing. Our Information and Advice servicc provided contact lo help 5750+ older people with queries or casework in benefits, housing care and local services, including additional awards of benefits, grants and entitlements totalling £5,8 million for local people spent locally often within the South Tyneside economy. We provlded 3850+ social opportunities during the period through our community-based provislon all in an inclusiva way. These seNices offer a varfety of actlvilies that tackle social Isol8tlon and loneliness to improve the wellbeing of the service users. We have built back to pre-pandemic levels. Our exercise classes, leisur8 and leamlng activity groups were attended by 12000+ people , supporiing attendees to remain physically actlV8 to improve their health long term. We provided advocacy support hours of 241 during th8 year. Our Integrated Service and additional Winter Pr8ssures increased to provid8 48.521 CDnlacls lo help 16,241 poople. We provided 2,582 falls prevention hom8 assas sments and install8d 4,981 aids and adaptations a5 well as removing 241 hazards in homes of older peop5e in the borough. Wa also supported 6.105 peopl8 upon discharge from hospilal, completing 3,403 activity visits to specifically prevent an admissionlre-admission to hospital. 164 volunteers supported our organisation providlng 11000+ added value hours. the equivalent of 6.5 fijll time members of slaff @ 35 hours per week We delivered 750+ Christmas hampersl Shoe boxes which was funded by the Barbour Foundation and added to by olher donations e,g. (, EE, Sky Karbon Homes...).
Age Concern Tyneside South Report of the Trustees (Continued) For the year ended 31 August 2024 Involving influencing and promoting social inclusion: We continue to work with wlder stakehold8rs Including the ICB , Local Authority, Public Health and key partners in the Voluntary and Community sector. We provide a consultation platfomi utilised by the Local Gov8rnment and ICB in obtaining the views of older people in the borough. We have actively contributed to the main ongagement mechanisms established by the Statutory Sector - at which we are able to influence local policy and decision making. We have become Part of a Partnership with senseabilty Matters and Tyne and Wear Mus8ums, Cultural Spring Mental Health Concern and Your Volce Counts working Sn a place- based way around buildlng community resilience. This also led to somo Digital inclusion joint work loo We have also been llY involved with Charilable sectors initial conversations and steps toward5 working differently in an alliancing way. We Havo offered subsidised room hire to a start-up CIC. Wa have prov1ded free space to a local Adult ADHD group so, Serenily Slngars Smlle and Counclllors NE so they could meet. Flnanclal rovlew A glance at the Stst8ment of Financial Activitigs indicates an annual Income of £1,852,600 {2023:£1.918,307) hag been generat@d during the period; thls reduction Is predominantly due to a d8crease in the Sncome from Charllabla Activities of £15,731 (now £1.412,655) and a decreas8 of £45,716 from Donations, Grants and Legacies, now £426,653. The legaGies contribution itself decreased from approxlmately £61.000 to £10,000. Th8 Statemant of Financlal Activities Shows an overall deficit of £197,481 (2023.. £87,826, surplus). The Gost of expenditure on Charitable Activities incraas8d by £219,600. The wages bill accounte(J for approximately £150,000 of this, including an increase In the mlnimum wage and gen6raS Inflalionary costs rmaking up the balance. We hav8 also initiated a provision for Bad Debts of £16,205 as the result of an accumulation of small debts acquired over several years. The organisation is continulng to establish IlseSf in its eighth year as a new charity within th8 Borough of South Tyneside. Considering the challenges faced by all new charilies accessing funding streams, the tumover continues to maintain a steady level, with this year resulting in a 3.4% decroa5e in income. The average headcount over the financial year was 87 with a final headcounl of 99 staff. A continuing cost review with a programme of achievable reduction is now in place for ihe financial year 2023-24 across the whole organisation, with a regular review of Senior Managemènt Team costs. Plans for futur• porlods Our strateglc aims: Su$talning and Growing We will continue to engag8 Wlth older people so we can develop a div8rs6 range of funding streams-. Research and develop new sources of income which includes paid for servic8s. Engage proactively with public sector commissioning bodies, ensuring our work 15 aligned to their own strategic priorities. B8come the provider of choice for peopla with a direcupersonal budget and those who pay for their own social care. Improv8 our use of market analysis and social media in service development. Work mor8 collaboratively wlh partnership bids, aiming for this to ba a larger share of our overall number of grant applications.
Ago Concorn Tynoslde Soulh Rgport of the Trustoos (Illnu0d) Forlhe year d9d 31 Augu¥t 2024 knnovallng and Improvlng En8ure all 8ervicas are people centr8d (what matters to you). All our servlce provlslon Is equltable. Buikl and malntsln 1st class perf0mnCe by ongaglng our 8taff and volunteers In our 8trategy and vahJeB. Retaln ISO:9001 Quallty Standard. Obtaln Advlc* Quallly stard Obtaln addltlonal Qu811ty Standards as we ar8 In 8 posltfon to do 80 Contlnue to Improve our 8Xt8mal communl(xtlon and profile. Contlnue to achl8ve coat efficlencles across 811 areas lo maxlmlsa tha Impa¢X of Ilmlted resource8. Imwove our u88 of outoome8 ev8hJ8tlon m8thod8 to better demonstrat8 ¢ur 80dal, health and finandal outcomas and Impacts. 2. DollrIng a rang• of hlgh qu#llty pornon c•ntrod 8orvlcèo and ontorprfM• Focus on r8duclng 8oclal1801alJon, maxlml8lng Incom8, ¢nabllng Indapendgnt livlng and promotlng physlcal haalth and ematlon81 wellbelng, Posltion r6e18 In the rna1 as On8 Stop shOene$s Hub for Older P¢opla'8 communtty-ba8ed servlces Indudthg low lavel dementia. Create a be8kK)ke, p8r8on cantred package of 8UPPOrt whith can be tsylored to Ihe needs and clrcum8tance8 01 indlvldual8. D8V8Iop parlnernhlpg wllh OrganIon& who Shara our vlelon and values. Expand dem6ntla provl8hJn. & Involvlng. Influ•nclng and promotlng 8oclal Inclu•lon Involve and engag8 wlth older paoplo, our Btaff, voluntsers and olhar stakaholdèrs, uslng Iha Intelligence gathered lo develop our own 88rvlce8 and 80d81 enterpr18e6 as well as Inlluenclng and lobbylng for change and Improvomgnt in the Ilve8 of oldor people in our communlty. Ensure we are acc8sslble and Inclu8lv• and Ihai communltte8 that experl8nc8 dlseAlminatlon ara actAvely Induded In our work. To wort( In a moré place-ba88d locallty focu8ed way. Small Company wovl•lon• Thi8 report has boon prepared In accordanc8 wlth th8 provlglon8 applicable lo compan108 ntted to the 8mall companlas exemptlon. The tru8te8s' annual report wa8 opproved on.......,.................. .... and SIgd on behalf of tha board of ee Icward Chalr
Age Concem Tyneside South Indopendent Auditors, Report to th8 members of Age Conc8m Tyneslde South For the year end6d 31 August 2024 Opinion We have audit8d lh8 financial statements of Age Concern Tyneside South (the 'charitable company'} for the year ended 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom AGcounting Standards, including Financial Reporting Standard 102 The Financial Reporbng St8ndard applicabl8 In the UK and Republic of Ireland (Uniled Kingdom Generally Accepted Accounting PraGtice}. In our opinion the financial statements.. glve a true and fair vi8w of th8 State of lh8 charitable company's affairs as at 31 August 2024, and of its incoming reSoUrS and application of resources, including its income and expenditur8, for the year then ended; have been properly pr8pared in accordance with United Kingdom Generally Acc8Pted Accounting Practice" and have been prepared in accordance with the requirem8nts of the Companies Act 2006. Basis for opinlon We conducted our audit in accordance with International Slandards on Auditing {UK) {ISAs {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibililies for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with th8 8thical r8quirements that 8re 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 requlrements. We believe that the audit 8vid8nc8 w8 hav6 oblain8d is sufficient and appropriat8 lo provid8 a basis for our opinion. Concluslons relaling to going concern In audS1ing the financial statements, we have concluded that Ihe trust8es' use of the going conGern basis of aGGounting in the preparation of the financial statements is apprcprlate. Based on the work we have perform8d, we have not identrfied any rnaterial uncertainties relating to events or conditions that, individually or colleclively, may cast signrficant doubt on the group's or parent charitable company's ability lo continu8 as a going concern for a period of at leasl twelve monlhs from when the financial statements are authori5ed for issue. Our responsibilities and the responsibilities of the trustees wlth respect to going concern ar8 describ8d in the relevant sections of this report.
Age Concern Tyneside South Independent Auditors. Report to the mombers of Age Concern Tyneslde South (Contlnuad) For the year ended 31 August 2024 other informatlon The trustees are responsible for tha othar information. The other information comprises the information includad in the trustees, annual report, other than the financial statements and our auditor's. report thereon. Our opinion on the financial statements does not cover the other information and, 8xcept to th8 extent otherwise explicitly stated in our report, we do not axpress any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and. in doing so, consider whether the other Information is materially inconsi5tenl with the financial slatements or our knowledge obtained in the audil or otheTwlse appears to be materially misstated. If w8 identify such material inconsistencles or apparent material misstatements, we are required to determlne whether.there Is a material mlsstatement In the financial statements or a material mi&%tatement of the other information. If, based on the work wa have performed, w8 conclude that ther& is a material misstatement of this olh8r information, we are requlred to report that fact. Wa have nothlng to report in this regard. Oplnlons on other matters proscrlbed by tho Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit., the Information given in the trust888' report (incorporating the directors, report) for the financial year for which the financlal statements are prepared is consistent wilh the financial statements,. and the dlrectors, report has been pr8par8d in accordance with applicable legal requlrements. Mattars on whlch we are required to report by exception In the lighl of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not Identified material misstatamants in the dlrectors, report. We have nothing to report in respect of the following matters in relation to which th8 Companies Act 2008 requlres us to report to you if, in our opinion: adequat8 accounting records have nol been kept, or returns adequate for our audit have not been received from branches not visited by us,. or Ihe financial statemenls are not in agreement with the aCunting records and returns; or certain disclosures of dlreclors, remuneration specified by law are not made; or we have not r8C8lved all the information and explanations wo require for our audit. or the truste8s w8re not entitled to prepare the financlal stalements in accordance with tha small companies, regime and tak8 advantage of the small companies, exemplions in preparing tha diractors, report and from the requirement to prepare a strategic report. 10
Age Concern Tyneside South Independent Audltors, R8port to the membars of Age Concern Tyneside South (Continued) For the year ended 31 August 2024 Responslbllities of trustees As explained more fully in thè trusl&es' responsibilities slatement the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for lh8 preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determina is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud orerror. In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to contlnue as a going concern, disclosing, as applicable. matters related to going concern and using the going concem basis of accounting unless the trustees elther intend to liquidate the charitable company or to cease operations. or have no realistic alt8rnative but to do so. Auditor's responsibilltles for th8 audit of the financlal statem•nts Our objectiv8s are to obtain reasonable assurance about wh8ther the financlal statements as a whole are free from material misstatemant, whether due to fraud or error, and to issue an audltor's report that includas our oplnlon. Reasonable assuranc8 is a high level of assurance, but is not a guarantee that an audit Gonducted in accordance wlth ISAS (UK) will always detect a material misstatemant when St 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 lh8 basis of these financial slatements. Irregularities, includlng fraud, are instances of non-compliance wlth laws and regulalions. We design procedures In line with our responsibilitles. outlined above, to d8tect material mlsstatements in resp8Gt of irregularities, including fraud. The extent to which our procedures ar8 capable of detecting irregularltles, Including fraud, is d8tailed below, W@ obtained an understanding of th818gal and r8gulatory framework applicable to bolh Ihg charitable company Itself and the industy In which it operates. W8 identified areas of laws and regulations that could raasonably be expected to have a material effect on the financial statements from our sector experience and through discussion with the directors and other management. The most significant ware Identified as the Charities Act 2011, the Companies Act 2006, UK GAAP IFRS102) and relevant tax legislation. Wa considered the extent of compliance with thos8 laws and regulations as part of our procedures on the relalad financial stalements. Our audit procedures included.. making enquires of trust8es and management as to where they consider there to be a susceptibility to fraud and whether they have any knowledge or suspicion of fraud., obtaining an understanding of Ihe inlernal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. reviewing the minutes of meetings of those charged with governanca., assessing the risk of management override induding identifying and lesting journal entries- confimation received directly from the banks to verify the balance at 31 August 2023.
Aga Concern Tynoslde South Independent Audltors, Roport to the members of Age Concem Tynesldè South (Continued) For the yaar ended 31 August 2024 Our audit dld not identify any key audit matters r8lating to the detection of irregularitl8s including fraud. However, despite Ihe audit being planned and conducted in accordance with ISAS (UK) there remalns an unavoidable risk that mat8rlal misstatements in the financial statemants may not be delected owing to inhar8nt limitations of the audit, and that by th8ir v8ry nature, any such instancas of fraud or irregularity likaly involv& collusion, forgery, intentional misrepresentations, or the ov8rride of internal controls. A fijrther description of our responsibilities for the audit of the financial statem8nls is located on the Financial Reporting Council's websile at.. www.frc.org.uklauditorsresponsibilities. This descriptlon fomis part of our auditor's report. Use of Our Roport This report is made solely to the charltable company's members, as a body, In accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might 5tat8 to th8 charitable company's members those rnatters we are required to slale to them in an auditor's report and for no other purpose. To the fullest 8Xtent perniitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the Ghaiitable corrpany's members as a body. for our audit work, for this report, or for the oplnions w8 have formed. Cralg Hend8r8on (Senior Statutory Auditor) For and on bohalf of S&W Audit Partners Limitod Statutory Audltors & Chartered Accountants 17 Queens Lane N8wcaslle upon Tyne NE1 1RN 12
Age Concern Tyneslde South Statement of Flnancial Activitles (Incorporatlng the Income and Expenditurè Account) For the year ended 31 August 2024 Unrestricted Restricted Fund8 Funds Total 2024 Total 2023 Notes Income from: Donations, gr2nts & legacies Charitable activities Trading aclivitles Investment income Other Income 326,604 1,412,655 11,756 100,049 426,653 1,412,655 11,756 472,369 1,429.386 13.525 1,721 1,306 1,536 1,536 Total Inoome 1,752,551 100,049 1,852.600 1.918,307 Expondlture on: Charitable activitles 10 1,891,060 159,021 2,050.081 1,830,481 Total expendltura 1,891,060 159.021 2,050,081 1,830,481 Nel movement baforo transfers (138,509) (58,972) (197,481 ) 87,826 Transfers between funds 20 (9.920) 9,920 Net {expendlture)lin¢omo (148,429) { 49,052) (197.481 ) 87,826 RoGonciliation of funds Total funds brought fOard 880,089 54,538 934.627 846,801 Total funds carri6d fO.ard 731,660 5,486 737,146 934,627 The results for tha year derive from continuing activitias and there are no gains or loss@s othar than those shown above. 13
Age C¢ncarn Tyn•¥lde South Balaneo 8h••t AS at 31 Augu8t 2024 2024 Flxad ass•ts Tanglble 883ets Inv88trn8nts 15 555,316 5n,245 555.317 573.247 Cuffant as•ots Debtors Ch at b8nk and in hand 16 229,270 620,636 346,051 569,543 849,90e 915,594 Llabllltlg• Crltar6. amounts faling due wlthln one year 17 { 537.878) (410,662) N•t cuff•nt a8Wt• 312.028 Tofal a•••t• l•s• currnnt IlablllU88 887.345 1.078,179 Credltorn: falliro due after more Ihan year 18 { 130,199) { 143,552) Total n•t assets 737.146 934,627 Th0 fund8 of th• chlty Restrided fund8 Unrestrictsd fund8 5,488 731,680 64,538 880,089 737.148 934,627 The88 fin8nGi818tatem8nts have been prepared In 8ccordance wllh the provl8lons applt¢able to companie8 8ubJ8Ct to the small compan8 reglme. na ed clal stale oh ents were approved by the Board of Tru8t888 on .................................................. 2025 and were si Iby: I CW8rd Chalr the notes on pages 16 to 28 fomi part of these financlal *atements. 14
Age Concem Tyneside South Statement of Cash Flows For the year ended 31 August 2024 2024 2023 Notes Cash flows from operating activltles: Cash generated from operations Interest Paid 23 64,882 (197,205) (1,567) Net cash pmvided by operatlng actlvltles 64.682 { 198,772) Cagh flows from Investing activitles: Purchaso of tangib18 red assets Interesl received (29,6001 { 1,381) Net cash used In invastlng aGtlvlti88 (30,981) Cash flows from flnan¢lng actlvitios: Repayment of borrowings Proceeds from n8w borrowings (13,589) Nat cash provid•d by / (used in) flnancing activities 113,589) Change in cash and cash equlvalents In the year 51,093 1229,7531 Cash and cash equivalents at the beginning of the year 569,543 799,296 Cash and cash equivalents at the end of the year 620,636 569,543 Cash and cash equivalents consist ol: Cash at bank and in hand 620,636 569,543 15
Age Concern Tyneslde South Notes lo the financial statements for the year ended 31 August 2024 Accountlng policies Age ConGem Tyneside South is a is a private company limited by guarantee regislered in England and Wales and a registered charity in England and Wales. In the evenl of the charity being wound up, the liability in r8SP8Ct of thè guardntee is limited to £1 par memb8r of tha charity- The address of the registered office is 29 Beach Road, South Shields, NE33 2QU, England. 1.1 Basis of proparatlon of flnanclal statements The financial statements have baen prepar8d in accordanca with Accountlng and Reportlng by Charltles: Statement of Recommended Practice applicabl8 to charities preparing their accounts in accordanc8 With the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in Odober 2019. tha Financial Reporting Standard 8pplicable in Ihe United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice, Age Concem Tyneside South meets the definition of a public benefit entity under FRS 102. The financial statements ar8 pr8pared under the historical cost convention or transaction value unless oth6tWiS8 stated In the relevant accounting policy note(s}. The financlal statements are prepared in Sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies appli8d in th8 pr8paration of th858 financial statements are set out below. These pollcles have been consistently applied to all years presented unle55 Otherwise slated. 1.2 Golng concern The flnanclal statements have been prepared on a going concern basis. The Irustees have reviewed and considerad relevant Information, including the annual budgets in making their assessment. Based on these asscssments, the increased level of demand for the services and the additional funding available the trustees have conGluded that they can continue to adopt the going concern basis in preparin9 the annual report and accounts. 1.3 Fund accountlng Unrestricted funds can be used In accordance with the charitable objectives al the discretion of the trustees. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The airn and use of each designated fund is set out in the notes to the financial statemcnls. Restricted funds can only be used for particular restrlcted purposes specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in th8 notes to the financial slat8ments. 16
Age Concem Tynoside South Notes to th8 financial statements (Contlnued) for the year ended 31 August 2024 1.4 Income All incoming resources are included in the Statement of Financial Activities when the charity is legally enlitl8d to the incom8 after any performance conditions have been met, the amount Can be measured reliably and it is probable thal the income will be rèceived. Incoma from charitable activities includes income rec8ived under contrad or where entitlement to grant funding 15 subject to specrfic performance conditions and is recognis8d as earned. Grant income included in this category provides funding to support performance activities and is recognised whare there is entitl8mant. certainty of r8C&iPt and the amount can be measured with reasonable certainly. Income roGelved to delivar S8rvices over a sp&cific perlod coverlng more than one financial year Is accounted for over thg speclflG period. related expenditure is accounted wh8n incurr8d. For donations to be racognised the charity will have been notified of the amounts and the settlement date in writing. Fixed asset glfls In klnd are reGognised when reGeivable and are included at fair valu8. They ar8 not deferred over the life of th8 asset. Interest receivable on funds held on deposit is included when receivable and the amount can be measured r81iably by the charity, thls Is normalty upon notlficatlon of the Interest paid or payable by the bank. 1.5 Expendlture and Irrecoverable VAT Liabilities are racognised as expendlture as soon as there is a legal or constructive obligation committing the charity to that expenditur8, It Is posslble that a Iransfer of aconomic benefits wlll be required In settlement and the amount of Ihe 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 calogory. Where costs cannot be directly attributed to particular hgadings they hav8 be8n allocated to actlvities on a basis consistent with the use of resourGes. Irrecoverab18 VAT is charged against th8 cost against the expendlture was Incurred. 1.6 Allocatlon and apportlonmenl of costs Support costs are those funclions which asslst the work of the charity but do not directly undertake charitable activilies. Support costs include office costs. finance, personnol, payroll and governance costs which support the charity's programmes and activities. 1.7 Tangible fixed assets Tangible f8d assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulatad impairment losses. Cost includes Costs directly attributable to making th8 assel capable of operating as intended. Depreciation is providad at the followlng annual rates in order to write off each asset over its 8Stimated useful Ilfe. Freehold property Freehold property Motor Vehicles 2 % slraight line 15°k reducing balance 20Yo Straight line Fixed ass8ts costing less than £1,000 are not capitalised. 17
Age Concern Tyneside South Notes to the financlal statements (Contlnued) for the year ended 31 August 2024 1.8 Impalrment of flxed assets At each reporting end date. the charity reviews Ihe carrying amounts of its tangible assets to determine whether there is any indication that Ihoso assets have suffered an impaimient loss. If any such indication exists. the r8coverabl6 amount of the asset is estimated In order to d8temiine th8 axtant of the impairment loss (if any). 1.9 Debtor8 Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Pr8payrnents are valued at the amount prepaid nal of any trade discounts dua. 1.10 Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highly liquid inv85tments which are instantly accessible from th8 opening of the deposit or similar account. 1.11 Creditors and provisions Creditors and provislons are recognised wh8r8 the charity has a present obligation resulllng from a past 8vent that will probably result in the transfer of funds to a third party and the amount due to setue the obligation Gan be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount aftar allowing for any discounls due. 1.12 Flnanclal Instruments The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments, Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with th8 exceptlon of bank loans which are subs8qU8ntly measured at amortised cost using the effective interesl method. 1.13 Penslons Payments to defined contribution retirement banefit soham85 are charged as an expens8 as they fall du8. Judgom8nts in applying accounting policios and key sources of estimation uncertainty In the application of the charity's accounting policies. Ihe truste8s are raqulred to make judgements, estimates and assurnptions 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 fadors 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 8r8 recognised in the period in which the estimate is revised where the revision affect5 only that period, or in thg period of the revision and future perlods whera th8 rgvision affects both CUent and future periods. The trustees consider that there are no significant estimates or judgements in the preparation of the financlal stat8ments. 18
Age Concern Tynaside South Notos to the flnanclal statements (Continued) for the year andad 31 August 2024 Slatement of Flnanclal Actlvities for the prior year Unrostrlcted Restricted Funds Funds Total 2023 Totsl 2022 As restated Note8 Income from: Donations, grants & legaci8S Charitable activitie5 Trading activities Investment Income other Incom8 354,656 1,429.386 13.525 1,721 1,306 117,713 472.369 1.429,386 13,525 1.721 1,306 440,332 1.085.020 23,178 280 16,952 Total Incom• 1,800,594 117,713 1,918.307 1,565,762 Expendlture on: Charitable activities Costs of ralsing funds 10 1,551,690 278,791 1,830,481 1,263,318 1,634 Total expenditure 1,551,690 278,791 1,830,481 1,264,952 Net movement before transfers 248,904 {161,078) 87,826 300.810 Transfers between funds 20 (157,816) 157,616 Nel inGomolexpenditurn 91,288 (3,462) 87,826 300,810 Reconclllallon of funds Totsl funds brought forward 788,801 58,000 846.801 545,991 Total funds carrled forward 880,089 54,538 934,627 846,801 19
Age Concern Tyneside South Notes to tha financial statements (Contlnued) for the year ended 31 August 2024 Donatlons 2024 2023 Donations Legacies Grants 63.645 10,000 353,008 46,039 61,631 364,699 426,653 472.369 S. Grants Community Lottery Digital Inclusion Henry Smith Balling8r Charitabl8 Trust Jarrow Minds8t Energy Redre88 Suez Trust National Saving Trust Communily Fund- Know your Neighbourhood Energy Saving Trust Macmillan Cancer Trust Hospitality and Hop8 Communlly Foundation DI Council Other < £5,000 78,124 27,750 78.000 29,950 39,000 20,068 60,678 22,000 9,702 21,850 23,565 107,932 18,188 12,460 14,500 6,358 21,850 100,138 5,4QO 353,008 364,699 Charltable AGtlvltle8 Integrated Services 1,412,655 1,190,002 other trading activities 2024 2023 Rental income and room hire 11,756 13,525 11,756 13,525 Investment Income Bank interest 1,721 20
Age Concem Tyngside South Notes to the financial statements (Continued) for the year ended 31 August 2024 9. Other Income other income 1,536 1,306 10. Charitable Actlvlties oxpenditur8 Direct Costs Support Costs 2024 Total 2023 Total Direct costs Premises costs Office costs Travel Costs Motor running costs other costs Bank charges staff costs Legal and professional costs Depreciation Governance 97,695 25,981 106,798 28.859 41,822 23,Q41 16,Q53 1,454,716 25,035 97,695 74,338 33,944 25,533 106,798 85.834 29,994 30,334 41,906 36,023 32,953 26,048 16,053 22,777 176,970 1,631,686 1,480,818 3,587 28,622 21,306 17,930 17.930 18.970 12,500 12.500 8.500 7,963 1,335 9,912 1,819,800 230.281 2,050,081 1,830,481 11. Audltors remunoratlon 2024 2023 Audit fee 12,500 8,500 12. Net incomel(expendlture) 2024 2023 Depreciation - owned a5sels 17,930 18,970 21
Age Concem Tyneslde South Noles to the flnancia5 statements (Contlnuedj for th8 year ended 31 August 2024 13. Analysis of staff costs, trustee r8munerafion and gxp8nses, and the cost of key management personnel 2024 2023 Wages and salaries Social security costs Other pension costs 1,508,863 1,383,244 101,554 84,131 21,269 13,443 1.631,686 1,480,818 There was one employ88 who received total employee benefits {ex¢luding employer pension costs) of more than £60,000 (2023- nil). The charlty Iruslees were not paid or received any other benefits from employm8nt In the y8ar (2023 - £nil) No Iruslee was reimbursed expenses during the year. (2023 nil}. No charity trustee received payment for professional or other services supplied to (he charity (2023 - £nil). Th8 key management personnel of the charity comprise the trustees. the Chief Offic8r, Deputy Chlef Officer and Services Development Offlcer. The total employ88 benefits of the key management personn81 of the charity were £164,360 {2023 - £168,570). 14. The average monthly number of employees during the year was as follows: 2024 No. 99 2023 No. 80 Core Staff 22
Age Concem Tyneside South Notes to the flnancial statements (Continued) for the year ended 31 August 2024 15. Tangible flxed assets Freehold Furnilurel Proporty Flxluros Motor Vehicles Total Cost At 1 September 2023 Additions 622.220 77,342 4,200 703,762 Al 31 August 2024 622,220 77,342 4,200 703.762 Dapreciatlon Al 1 September 2023 Charge for year 83,860 12,444 44,294 5.026 2,363 460 130,517 17,930 Al 31 August 2024 96,304 49,320 2,823 148,447 Net book value At 31 August 2024 525,916 28,022 1,377 555,315 Al 31 August 2023 538,360 33,048 1,837 573,245 16. Debtors 2024 2023 Trade debtors Other debtors and prepayments 190,510 38.760 322,591 23,460 229,270 346,051 17. Credltors: amounts falllng due wlthin one year 2024 2023 Trade Gredilors Soual security and other taxes other crgditors Deferred Income Bank loan {secured) 7,949 30,574 55,107 416,900 27,348 17,002 48,969 73,137 243,970 27,584 537,878 410,662 23
Age Concem Tynesld& South Notes to th8 financial statements (Contlnuéd) for the year ended 31 August 2024 17. Credltors: amounts falllng due wllhin one year (Contlnuod) Doferred Incomo Deferred income relates to income roceived for futur8 periods. Al 1 September 2023 Amounts r818ased to incom8 Additions during the y@ar 243,970 1243,970) 416,900 At 31 August 2024 416,900 18. Credltors: amounts falling due after mora than one year 2024 2023 Bank loans 130,199 143,552 19. Loans Total 157,547 171,136 An analysis of the maturity of loans Is given below: Amounts due within one yaar or on demand 27.348 27,584 Amounts falling due between two and five yearn: Repayable by instalments- Bank loans of 2-5 years by instalments 130,199 143.552 Amounts falling due In more than five years: Repayablc by instalments.. Bank loans more 5 years by instalments 24
Age Concern Tyneside South Notes to the financlal statements (Contlnuedj for the year ended 31 August 2024 20. Statoment of funds For thg ear ended 31 Au ust 2024 At 1 September 2023 At 31 August 2024 Income Expenditure Transfer8 Unrestrlcted fund General fund 880,089 1,752.551 (1,891,060) (9.920 > 731,660 Total unrestricted funds 880,089 1,752,551 (1.891,060) (9,920) 731,660 Reslrictod funds Community Foundation T&W Cornmunity Lott6ry Masonlc James Knott Well connected 24,904 (24,920) 21,925 (22,591) { 32,633) (6,239 } 78,124 (72.6381 18 666 9,238 23,395 6,239 5,486 Total restrlGted funds 54,538 100,049 1159,021) 9,920 5,486 Total fund8 934,627 1,852,600 { 2,050,081) 737,146 25
Age Concern Tyneside South Notes to the financlal statements (Continued) for the year ended 31 August 2023 20. Slatemenl of funds { continued) For the earended 31 Au ust 2023 At 1 September 2022 At 31 August 2023 Income Expènditur8 Transfer5 Unrestrlcted fund G8n8ral fund 788,801 1.800,594 (1,551.6901 (157,616) 880,089 Total unrestricted funds 788,801 1,800,594 { 1,551,690) (157,6161 880,089 Rostrlctad funds Cornmunity Foundation T&W Cornmunity Lottery Masonic Jarnes Knott Henry James Foundalion Energy saving Trust W811 connected 16,000 30,000 5,000 7,000 19,960 { 11,056) 22,824 (95,592) 20,254 (1,859) 1761) 30,550 (67,252) 24.125 (26,471) (75,800) 24,904 42,788 23.395 6,239 36,702 2,346 75.800 Total r•strlct•d funds 58,000 117.713 1278,791) 157,616 54,538 Total funds 846,801 1.918.307 (1.830.481 } 934,827 26
Age Concern Tyneslde South Noles to the financlal stat8monts (Contlnuèd) for the y8ar ended 31 August 2024 20. Statement of funds (contlnued) Restrlcted Funds Community Foundation T&W- Kellet Connecl 2, Community development project. Community Lottery- Linkage Plus, Community Development project. Masonic - Tyn8y Links, Community Developmant project. James Knott - Premi58s and Facilities role, cora fundlng. Henry Smith Foundation- Informalion and Advic8 funding. Energy Saving Trust- Smart Meters, Energy advice project. Well Connected - National Lottery Digital Inclusion, partnership prol8Ct. 21. Analysis of net as88ts by fund For the gar ended 31 Au ust 2024 Unreslrlcted Restricted funds fund8 Total Flxed assets N8t current assets Creditors.. amounts f811ing due after more than one year 555,315 306.542 (130,199) 555,315 312,028 (130,1991 5,486 731,658 5,486 737,144 Fortha ear ende ust 2023 Unrestrlcted Restrfcted funds funds Total Fixed assets Net cuffent assets Creditors: amounts falling due after more than one year 573,245 450,394 (143,552 } 573,245 504,932 { 143,552 } 54.538 880,087 54,538 934,625 22. Pensions Defined contributlon Pension contributions payable for the year ended 31 August 2024 amounted to £21,269 {2023 £13,443). Within creditors, £4.653 was outstanding al the year end. (2023 - £4,239), 27
Age Concem Tynesid& South Notes to the ffinancial statemenls (Contlnued) for the year endad 31 August 2024 23. Cash flows from operatlng activitiOS 2024 2023 Net incom8 1 {expenditure} Depreciation Inlarest received Intèrest paid (Deciease)Ilncrease In d8btors DeGreasel(Increase) in creditors { 197,481) 17,930 104,676 18,968 (1.721) 1,567 116,781 (213,778) 127.452 { 106.9171 64,682 { 197,2051 24. Analysls of changes In not dobt At1Sep 2023 Cash At 31 Aug flows 2024 Long term borrowlngs Short term borrowings { 149.799) 127,444) 19,600 (130.199) 96 (27,3481 Totsl liabilities Cash and cash 8quivalents { 177,2431 569,543 19,696 (157,5471 51,093 620,636 392,300 70,789 463,089 28