Company Registration number: 10294887 Charity number: 1168807 Age Concern Tyneside South Flnanclal Statements For the year ended 31 August 2025
Age Concern Tyneside South Contents Page Report of the Trustees Report of the Independent Auditors 9-12 Statement of Financial Activities 13 Balance Sheet 14 statement of Cash Flows 15 Notes lo the fi'nancial statements 16-28
Age Concern Tynesidg South Report of the Trustees For the year ended 31 August 2025 The Iruslees. who are also the directors for the purposes of company law, present their report and the audited financial statements of the charity for the year ended 31 August 2025. Chair's report I would like lo sincerely thank all staff and volunteers for their tireless efforts and dedication in providing such a wide range of services lo the people of South Tyneside. I would also like lo thank my fellow Trustees and express my gratitude for their ongoing support and advice. We receive client stories al every Board meeting about the interventions and support provided by our staff. They are always well received by Board members and provide an excellent insight into the positive feedback from our clients and in many cases transforming peoples, lives. We continue to be a well led and fi'nancially sustainable organisation. We made a small surplus last year after a loss in the previous financial year. As has been the case with other charitable organisalions and businesses il continues to be challenging environment. We regularly submit bids and lenders in order for services to be maintained or expanded as well as new services being introduced Whe we feel this will continue lo enhance the benefits lo people in South Tyneside. Unfortunately there are limes when some services have to cease with the resulting loss in some staff. This is always very difficult and our staff are very resilient during ongoing these changes. The Senior Management Team led by our Chief Officer continues to maintain a very high standard of performance and direction supporting the Board in the delivery of services. They have had lo work hard lo manage the various challenges during this year. Their commitment and experience have ensured we continue lo perform well and deliver excellent value for money with service5 that meet the charity's Values. I would like lo express thanks lo all our partners and stakeholders who assist and contribute lo the work of the charity, Within the ever changing environment our ongoing collaborative efforts are vital in maintaining the strength of ACTS in providing the services reqtjired to enhance the lives of all the people who come into contact with us. In conclusion we all look forward to continuing lo serve the people and carers who use our services across South Tyneside. Best wishes Cameron Ward Chair
Age Concern Tyneside South Report of the Trustees (Contlnued) For the year ended 31 August 2025 Reference and admlnistrative details Registered charity name Age Concern Tyneside South Charity registration number 1168807 Company registration number 10294887 Prlnelpal office and registered 29 Beach Road office South Shields NE33 2QU England The trustees M Adams l Brimer R Gillies N Kaier J Puech R Slaward- Resigned 07 February 2026 A Trollope Icward Audltor S&W Audit 17 Queens Lane Newcastle upon Tyne NE1 1RN Solicltor Collingwood Legal 30 Riverside Studios Amelhysl Road Newcastle Business Park Newcastle upon Tyne NE4 7YL Bankers Barclays Bank Fawcell Street Sunderland SR1 1RS
Age Concern Tyneside South Report of the Trustees (Contlnuedj For the year ended 31 August 2025 structure, governance and management Governing documents The organisation is a Charitable company limited by guarantee. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under ils Articles of Association. In the event of the company being wound up, members are required lo continue lo contribute an amount not exceeding £1. Recruitment, appointment and training new trustees Charity trustees for the purpose of charity law and under the company's Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected for three years. All members of the Management Committee give their lime voluntarily and receive no benefits from the charity. The Management Committee meet on a bi-monthly basis and are responsible for the strategic direction and policy of the charity. Policies for the induction and training of new trustees Age Concern Tyneside South recognises that an effective board of trustees is essential if the charity is to be effective in achieving its objects. The board musl seek to be representative of the people with whom the charity works and must have available lo it, all of the knowledge and skills required lo run the charity. Individual Iruslees musl have sufficient knowledge, both of Irusleeship in general and of the charity's aclivilies, to enable them to carry out their role and lo represent the charity at meetings and other events. The Chief Officer and Chair of Trustees are responsible for the ensuring that the induction process is arranged and completed. A training programme is in place lo ensure that any newly appointed trustee will receive training on all mallers necessary to enable them lo perform their duties effectively. This will be tailored lo their specific needs but, unless the appointee is already sufficiently experienced, should cover as a minimum'.- governance and management., equal opportunities,. a thorough induction lo the history and current activities of the organisalion,. sufficient explanation of the charities financial accounts and reporting procedures lo enable them lo exercise fiscal oversight. Explanation of all charity F)olicies includes those relating to trustee expenses and how they can be claimed. If a new trustee is to take on any specific duties, all needs in re12tion lo this will be assessed. 11 is acknowledged that trustees have a wide range of other commitments and every effort will be made lo make this training accessible lo the individual by arranging il lo be conducted at limes convenient to them. Oryanlsational structure and decision making A line management system is in place with day-lo-day responsibility for the management of the organisation resting with the Chief officer. The Chief Officer is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. Day-lo-day operation management is headed by individual team members using the reporting structures and line management to finally report to the Chief 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 selling salaries for senior staff. The Board reviews the Chief Officer's salary annually and is responsible for making any decisions about remuneration of the Chief Officer. Employment policies The charity operates a number of key employment policies including Equality, Diversity, and Inclusion. and Health and Safely.
Age Concern Tyneside South Report of the Trustees (Continuèd) For the year ended 31 August 2025 Risk management The systems of inlemal control are designed lo provide reasonable assuran against material misslalement or loss. Internal control processes implemented by the Trustees include.. Board scrutiny of the risk register. A strategic plan and annual budget approved by the Iruslees. Regular consideration by Trustees of the financial results, variances from budget, forecasts and performance indicators. Delegation of authority and segregation of duties. Identification of risk and st21ulory compliance issues including safeguarding. Trustees have in place a formal risk management framework and policy to assess risk and implement management strategies. A risk register is in place which is scrulinised weekly by the senior management team. This process reports lo the board on a quarterly basis reporting by exception. The process identifies the types of risk the charity faces, priorilises them in terms of the likelihood of occurrence and potential impact, and identifies the means of miligaling these risks. Investment Policy The Articles of Association State that in the furtherance of Age Concern Tyneside South's objectives the charity shall have the power to invest monies not immediately required of ils purF)ose. As of August 2021, no investments were held. Principal funding sources South Tyneside Council Public Health NHS Cumbria, Northumberland, Tyne and Wear ICNT Noilh East Combined Authority INECAI National Lollery Macmillan Ballinger Trust Energy Redress Reserves Pollcy As a minimum ACTS will aim lo hold in resetve enough money to cover ils known financial commitments le.g. rental of office space, rental of equipment such as photocopiersl, the core functions of the organisalion li.e. those functions not directed lo service delivery) for 3 months and enough money to cover ils redundancy commitments lo employees. Key Management Personnel The key management personnel are the non-execulive directors (Trustees) of the org8nisalion,' they are responsible for the day-lo-day management of the charity's activities.. Chief Officer Deputy Chief Officer Services Development Officer Grahame Cassidy Susan Wicks stephanie Kerrigan
Age Concern Tyneside South Report of the Trustees (Continued) For the year ended 31 August 2025 Objectives and activities The objects for which the charity is established and lo which it is specifically reslricled are lo promote the following purposes for the benefit of the public andlor older people in and around The Borough of South Tyneside.. preventing or relievlng the poverty of older people., advancing education., preventing or relieving sickness. disease or suffering in older people Iwhelher emotional, mental or physicall., promoting equality and diversity., promoting the human rights of older people in accordance with the Universal Declaration of Human Rights., assisting older people in need by reason of ill-heallh, disability, financial hardship, social exclusion or other disadvantages,. and such other charitable purposes for the benefit of older people as the Trustees may from time to lime decide the outcome of this being the promotion of the well-being of older people. The charity has the following powers exercisable in achieving ils objectives.. to encourage, promote and organise direct services appropriate to the needs of individual elderly people or groups of elderly people and if thought fil to make reasonable charges for any services provided. to promote and organise co-operation in the achievement of the above objects and lo that end lo support, join in with and co-operate with other charities, voluntary bodies, slalulory authorities and other organisations operating in furtherance of the objects or of similar charitable purposes and to exchange information and advice with them. to establish, support, undertake or execute any charitable Irusls, associations or institutions formed for all or any of the objects. to establish or 8cquire subsidiary companies lo assist or act as agents for the charity. to promote and carry out, or assist in promoting and carrying out, surveys, investigations and research. lo provide food, drink and refreshments as appropriate bul only for persons participating in the activities of the charity. lo arrange and provide for, or join in arranging and providing for, the holding of exhibitions, meetings, lectures, classes and training courses. to publish books, pamphlets, reports, leaflets, journals, films, videos. tapes and other material. lo appoint 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 performance. Public Benefit The aims of our services. for older people continue lo be ageing well, reducing social isolation, maximising income, advocacy, enabling and promoting physical health and wellbeing, The trustees are satisfied that in accordance with the Chartly Commission guidelines, Age Concern Tyneside South meet the public benefit requirements. The trustees have regard lo this guidance when exercising any powers or duties lo which the guidance is relevant.
Age Concern Tyneside South Report of the Trustees (Corptinuedj For the year ended 31 August 2025 Achlevements and performance Sustaining and Growing We have continued to diversify our income streams over the last year, however. the market for securing funding is becoming increasingly challenging. We have adapted our approach by working in partnership with other local charities lo submit funding bids and have also invested in refining our paid-for services. We have retained local authority contacts in FY 2024- 2025 and secured an addits'onal 1-year pilot grant We have continued to see an increase in funding for our Inlegraled Care contract and our Connected Caring contract due to exceptional delivery and impactful results. We Continue lo deliver on our 3 +2-year contract for Dementia Day Opportunities Our paid-for services have seen considerable investment this year to allow us to work and support more of the residents of South Tyneside. We take pride in providing a person-cenlred approach lo supporting the elderly residents of South Tyneside. We have worked lo expand OLJr OUtaCh and empower our clients lo speak up on the needs of their communities. Innovating and Improving.. This year we have broadened our networks lo provide our clients with a more robust and holistic approach to their wellbeing. Additional investment has been allocated to creating a more comprehensive holistic assessment for our clients (Signall. allowing us to gain a greater understsnding of their needs and assess the effectiveness of our services. We have continued lo increase both the quality and quantity of grant applications which have been tailored to the current needs of the residents of South Tyneside, this will allow us to have a greater positive impact on our community. The aims of our services remain the same, we strive to deliver a wide range of high-qualily person-cenlred services and social opportunities. The core goal of these services is to reduce social i501alion, maximise income, enable independent living and promote physical, mental and social wellbeing. Our information and advice service have continued to provide exceptional service to our clients, and this year they have helped over 5364 older people with queries and casework regarding their benefits, hotjsing care, returning to employment and accessing local services. The lolal value of benefits, grants and enlillemenls we have assisted in securing totals over £5.2 million for our local communities, which will largely be spent within South Tyneside. Our offèr of social opporlunilies has continued lo grow, with over 4000 residents allending, promoting and facilitating our community-based provisions. These opporlunilies provide 8 variety of options for clients that are looking to improve their wellbeing in social groups and activity-based settings. Our current level of en9agemenl has now comfortably surpassed our pre-pandemic allendance numbers. Our exercise, leisure and educational activity groups have continued lo be well allended, with over 13200 allendees working to remain physically and mentally active lo improve and maintain their long-lerm health Our Integrated Service and additional winter warmth provisions allowed us lo provide support to 35891 clients. alongside this we were also able to provide falls assessments for 2983 homes, resLJlling in 6988 adaplalions and aids being fitted Throughout the winter period we were able lo support 6484 clients upon being discharged from hospital and conducted 4884 visits to prevent readmission lo hospital. Our volunteer is currently around 163 which has resulted in over 11000 additional hours of valuable support across our organisation We were able lo deliver 709 Christmas hampers and shoeboxes due to continued funding and support from our corporate partners, Barbour, Karbon Homes, Sky and EE.
Age Concern Tyneside South Report of the Trustees fconttnued) Forthe year ended 31 August 2025 Involving influencing and promoting social inclusion.. We have continued lo maintain and develop our relationships with wider stakeholders such as the Local Authority, ICB, Public health and various partners within the local voluntary and community sector. Our consultation platform has received continued investment and is ulilised by the Local Authority and ICB in obtaining and recording the views and opinions of our clients across the borough. We have continued lo grow and develop our contributions to main engagement mechani5ms'. this has allowed us to further influence and contribute to local policy and decision-making in the best interests of our clients and local communities. Our partnership working has continued lo grow over the last year with local Charities such as Sensabilily Matters, Your Voice Counts and Hospitality and Hope. We continue to provide joint working agreements with our respective partners and have continued to extend our local community room free of charge to allow smaller grassroots clubs and support groups to grow. Flnanclal review The Slalement of Financial Activities shows that the charity achieved an overall surplLJS of £13,011 12024.. £197,481 deficit). This reflects the SUCssful implementation of robust cosl-management measures introduced in 2023124. Annual income for the charity was £2,210,373 12024.. £1,852,600). This increase was driven mainly by higher donations and grants. which rose lo £799,935 12024.. £426,653). The charity also continued to diversify its grant funding during the year, with notable growth in restricted funding, which increased to £380,991 12024.. £100,049). Furlhermore,unreslricled fundinghas been developed and diversified in the continual test and learn improvement regime, which resulted in a rise lo £418,944 (2024.. £326,604). The charity remained commilled lo adapting and improving its services, with chaiitable expenditure increasing to £2,197,362 12024.. £2.050,0811. This rise was proportionate to the increase in income, enabling the charity to maintain a surplus. The average headcount during the financial year was 95, ending the year with 101 staff. An ongoing cost review is undenNay for the 2025-2026 financial year lo assess the sustainability of the current surplus. A key focus of this review will be the development of more robust income streams in response lo the rapidly changingsector landscape. The review will also consider opportunities lo streamline and closely monitor Management and staffing Costs. while ensuring that organisalional structures remain effi'cient, consislenl, and sustainable. Plans for future perlods Our strategie aims: Sustaining and Growing We will continue lo engage with older people so we can develop a diverse range of funding streams.. Research and develop new sources of income which includes paid for services. Engage proactively with public sector commissioning bodies, ensuring our work is aligned to their own strategic priorities. Become the provider of choice for people with a direcupersonal budget and those who pay for their own socia5 care. Improve OLJr use of market analysis and social media in service development. Work more collaboratively with partnership bids, aiming for this lo be a larger share of our overall number of grant applications.
Ago Conrem Tynesldo 8outh Roport of th&Tru8t8e8 IConllttj Forth• y•Jr•nded 31 August 2025 Innovatlng and Improvlno Ensurn all $8yvlce8 8re ppIe eontred (what maltor6 to you). JI our seNlce provl$lon b equit8bb. Bulld and m8lntaln 1st clas5 performwnce by engaglng our81off 8nd volun¢&8r8 In our 81ralegy and values. Retaln ISO..W01 Qualtly Standard. Obialn Adc? QuaiNy Stsndard Oblaln addillonal Qvalty Standard5 as we are in a posilN)n io th) so Confinue lo improv8 our èxlgmal communicatEcn Profile. Continu8 to achibvè ¢ost•ffioon¢l&$ across all Areas to maxImSthe IM¢101 limit8d Msouwo$. Improv8 our use of outcomos ovoiuat*)n metlwds lo better d8ntr)n8lraia oursod81. hgdih and fina[KI1 ouicom88 and Impact8. l Dellverlrtg a r8ng• ¢f hlgh quallty p•rson ¢•ntred serCeS and Soclal •ntsrprfs•¥ F¢)w8 on reduclrsg $o¢l311$018ttan. maxthislng I[rne, enablww independent lfvlng and promotlng physlcal heahh 8nd ern0tn81 wellbekng. Po$llEgn our8elvo$ In Ihe market as One St¢Jp ShoplWolln8ss Hub forOld0r P¢opl&'s communty-bas8d Se9 Includlng low18vel dementl8. Create a b?$wKe, p8rson centred package of ¥upthwhlch can be taorEd io neads 8nd clreumstancès of IndNldual8. Davek)p pathershlps wlth organl8atlonswho Share oUrS1o and valuas. Expand d¢mèntkg prov1810n. 3. Invotvlngt Innuonclfftg and promollng soGlal InGlus10 Invo8 gnd 8ngage with oldw peo. our $laff. volunt80rs snd elr sfakehottl0, uslng th& Ini8lllg8nc8 gathered to dav0k)p our own s8rvice8 8nd socEal enterpSe5 as well Ms influÈn¢ing and lobbylng ford)ango and Improv8ment in the live5 of dderpeopl& In o4Jrcommunlty. Ensure w2 are accasslblo and Incluslve and that cixnmunmies that Byp&rfenc• dl&crfmlnaUon are aclivety Included in ourwork. To work in a muo pJac8-ba8ed localty foGus•d way. Small comp8ny provl8lons Thls repDrt has been propargd In ac8Ce wlth the pslOn$ appllrthble to compan189 entlled to thè small companles exempllon. Th Ite0S. annuHI wa& approv&J on................. . bahaK of the board Df ICW8rd Chalr
Age Concern Tyneside South Independent Auditors, Report to the members of Age Concern Tyneside South For the year ended 31 August 2025 Oplnion We have audited the financial slalemenls of Age Concern Tyneside SoLJth Ilhe 'charitable company'l for the year ended 31 August 2025 which comprise the Slalement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes lo the financial slalemenls, including a summary of 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 applic8ble in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial slalemenls.. give a true anol fair view of the slate of the charitable company's affairs as al 31 August 2025, and of its incoming resources and application of resources, including ils income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi¢e', and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial slalemenls section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo 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 lo provide a basis for our opinion. Conclusions relatlng to going concern In auditing the financial slalemenls, 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 lo events or conditions that, individually or collectively, may cast significant doubt on the group's or parent charitable company's ability to continue as a going concern for a period of al least twelve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the relevant sections of this report.
Age Concern Tyneside South Independent Auditors, Report to the members of Age Concern Tyneside South (Continued) For the year ended 31 August 2025 Other Informatlon The Iruslees are responsible for the other information. The other information comprises the information included in the trustees, annual report, other than the financial slalemenls and our auditor's report Ihereon. Our opinion on the financial slalements does not cover the other information and, except lo the exlenl otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is lo read the other information and. in doing so, consider whether the other information is materially inconsislenl with the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstalemenl of this other information, we are required to report that fact. We have nothing lo report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees, report lincorporaling the directors, report) for the financial year for which the financial statements are prepared is consislenl with the financial slatemenls., and the directors. report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by èxceptlon In the light of our knowledge and understanding of the charitable company and ils environment obtained in the course of the audit, we have not identified material misstatements in the directors, report. We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006 requires us Its report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and returns.. or certain disclosures of directors, remuneration specified by law are not made", or we have not received all the information and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies, exemptions in preparing the directors, report ancl from the requirement lo prepare a strategic report. 10
Age Concern Tyneside South Independent Auditors. Report to the members of Age Concern Tyneside South (Contlnuedj For the year ended 31 August 2025 Responslbllltles of trustees As explained more fully in the Iruslees, responsibilities slalemenl the trustees Iwho are also the directors of the charitable company for the purposes of company lawl are rèsponsible 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 trustees determine is necessary to enable the preparation of financial slalemenls that are free from material misstatement, whether due lo fraud or error. In preparing the financial stslemenls, the trustees are responsible for assessing the charitable company's ability lo continue as a going concern, disclosing, as applicable. matters related lo going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Auditor's responsibilities for the audlt of the financial statements Our objectives are to obtain reasonable assurance about whether the financi81 statements as a whole are free from material misstatement. whether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an auclil conducted in accordance with ISAS IUKI will always delect a material misstatement when il exists. Misslalemenls Gan 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. obtained a general understanding of the company's legal and regulatory framework through enquiry of management concerning their understanding of relevant laws and regulations, the entity's policies and procedures regarding complian, and how they identify, evaluate and account for liligalion claims. We also drew on our existing understsnding of the company's industry and regulation. We understand that the company complies with the framework through-, Engaging external legal professionals as required and making changes to internal ProdureS and controls as necessary. The directors, close involvement in the day-to-day running of the business, meaning that any liligalion or claims would come to their allenlion directly. Monitoring of updates made by regulatory bodies. In the context of the audit, we considered those laws and regulations which determine the form and content of the financial statements, which are central to the company's ability to conduct ils business, and where there is a risk that failure to comply could re5uII in material penalties. We identified the following laws and regulations 8s being of significance in the context of the company.. The Companies Act 2006 and FRS 102 in respect of the preparation and presentation of the financial slalemenls. The Charities Act 2011 and the Charities.. Statement of Recommended Practice in respect of the preparation and presentation of the financial slalemenls. 11
Age Concern Tyneside South Independent Auditors, Report to the members of Age Concern Tyneside South (Continued) For the year ended 31 August 2025 We performed the following specific procedures lo gain evidence about compliance with the significant laws and regulations identified above.. Making enquires of trustees and Management as lo where they consider there to be a susceptibility lo fraud and whether they have any knowledge or suspicion of fraud., Obtaining an understanding of the internal controls established to mitigate risks related to fraud or non- compliance with laws and regulations., Reviewing the minutes of meetings of those charged with governance. The senior stalulory auditor led a discussion with senior members of the engagement team regarding the susceptibility of the group and the parent charitable company's fi'nanci81 statements to material misstatement. including how fraud might occur. The areas identified in this discussion were.. Manipulation of the financial statements via and management overriding controls. The incorrect recognition of grants resulting in the income being recognised in the incorrect accounting period. These areas were communicated to the other members of the engagement team not present at the discussion. The procedures we carried out to gain evidence in the above areas included.. Performed data analyts'cs on the general ledger against client specific criteria Obtained third party evidence for a sample of grants, to ensure that it was appropriate to recognise the income in the financial statements in accordanTr with the principles of the SORP. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.org.uklaudilorsresponsibilities. This description forms parl of our auditor's report. Use of Our Report This report is made solely lo the charitable 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 slate lo the charitable company's members those matters we are required to slate lo them in an audilorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable Company's members as a body, for OLtr audit work, for this report, or for the opinions we have formed, Craig Henderson (Senior Statutory Auditor) For and on behalf of S&W Audlt Partners Limited statutory Audltors & Chartered Accountants 17 Queens Lane Newcastle upon Tyne NE1 1RN 12
Age Concern Tyneside South Statement of Financial Activities Ilncorporatlng the Income and Exp8ndlture Account) For the year ended 31 August 2025 Unrestricted Restricted Funds Funds Total 2025 Total 2024 Notes Income from: Donations, grants & legacies Charitable activities Trading activities Investment income Other Income 418,944 1,390,603 13.969 380,991 799,935 1.390,603 13,969 426.653 1,412,655 11,756 5.866 5,866 1,536 Total Income 1,829,382 380,991 2,210.373 1,852,600 Expenditure on: Charitable activities 10 1,872,854 324,508 2,197,362 2,050,081 Total expendlture 1,872.854 324,508 2,197,362 2,050,081 Not movement before transfers 143,4721 56,483 13,011 1197,481 1 Transfers between funds 20 18,9511 8,951 Net lexpenditurellincome {52,4231 65,434 13,011 { 197,481 1 Reconciliation of fund5 Total funds brought forward 731,660 5,486 737.146 934,627 Total funds carried forward 679,237 70,920 750,157 737,146 The results for the year derive from continuing activities and there are no gains or losses other than those shown above. 13
Ag• Conc•m Tynvslde Soylh BalancD Showl Ae at 31 Au9Ut 2026 2025 2024 Notss Flxed as•ts Tanglble ayBets Inveslments 15 553,799 $65.315 $53.801 555.317 Current 8s1¢ts Deblu5 C88h 8t bank gnd in nd 16 311,226 416,083 229.270 620.636 727,409 849,* Llabllttle5 Cfedltors.. arnounts lalllng dug In 0 yeor 17 1415,0311 1637.878} N•t ¢urr•nt ¥8•t8 312,378 312,028 Total assots less Currènt Ilabllttlo5 8fj6.179 867,345 Credllors= falllro due aftÈrmor& IhBn onè year 18 1116.0221 1730,1991 750.157 737.146 Th• funds of thè charlty Restricied fundÈ Unr88b1rApAI lund8 70.g2D 6n.237 5,486 731,660 750,157 737.146 Th8s8ffinBniY81 $tstBmfjnts h8V8 b88n prep8red in BCrdnt¥Wrthth0 prov8 3pPrt0 ¢Otw&nlgs8ubjectto the sfftau ¢ompanle$ reglmo. Thpfflnandal $tstan8ntswere approved bylhe Bowd ofTruste88 On....... .... slgn8d on Its bshawby.. 2026 andwere Icward Cha Jlffl the not88 on pag85 16 to 28 form portof IIw8 fin8nckg13talemtsfits. 14
Age Concern Tyneside South statement of Cash Flows For the year ended 31 August 2025 2025 2024 Notes Cash flows from operating activities: Cash generated from operations Interest Paid 23 1169,338} 64,682 Net cash provided by operatlng activities 1169,3381 64,682 Cash flows from investing actlvltles: Purchase of tangible fixed assets Interest received 120.0001 Net cash used in investlng actlvltles 120,0001 Cash flows from financing activities: Repayment of borrowings Proceeds from new borrowings 115,215) 113,5891 Net cash used in fin?n¢ing activities 115,2151 113.589 1 Change in cash and cash equivalents in the year 1204,553) S1,093 Cash and cash equivalents at the beginning of the year 620,636 569,543 Cash and cash equlvalents at the end of the year 416,083 620,636 Cash and cash equivalents consist of: Cash al bank and in hand 416,083 620,636 15
Age Concern Tyneslde South Notes to the financial statements for the year ended 31 August 2025 Aceountlng policies Age Concern Tyneside South is a is a private Company limited by guarantee registered in England and Wales and a registered charity in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per membei of the charity. The address of the registered office is 29 Beach Road. South Shields, NE33 2QU, England. 1.1 Basls of preparation of financlal statements The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Accounting Practice. Age Concern Tyneside South meets the definition of a public benefit enlily under FRS 102. The financial statements are prepared under the historical cost convention or transaction value unless otherwise $18ted in the relevant accounting policy notelsl. The financial statements are prepared in Sterling which is the function21 currency of the charity and rounded lo the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied lo all years presented unless otherwise staled. 1.2 Golng concern The financial slalemenls have been prepared on a going concern basis. The trustees have reviewed and considered relevant information, including the annual budgets in making their 8ssessmenl. Based on these assessments, the increased level of demand for the services and the additional funding available the trustees have concluded that they can continue to adopt the going concem basis in preparing the annual report and accounts. 1.3 Fund accounting Unrestricted funds can be used in accordance with the charitable objectives al the discTetion of the Iruslees. Designated funds comprise unreslricled funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is sel out in the notes lo the financial statements, Restricted funds can only be used for particular restricted 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 the notes to the financial stalemenls. 16
Age Concern Tyneslde South Notes to the financial statements (Continuèd) for the year ended 31 August 2025 1.4 Income All incoming resources are inclLJdèd in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met. the amount can be measured reliably and il is probable that the income will be received. Income from charitable activities includes income received under contract or where enlillemenl to grant funding is stjbject lo specific performance conditions and is recognised as earned. Grant income included in this category provides funding to support performance activities and is recognised where there is entitlèment, certainly of receipt and the amount can be measuied with reasonable certainly. Income received lo deliver services over a specific period covering more than one financial year is accounted for over the specific period., related expenditure is accounted when incurred. For donations lo be recognised the charity will have been notified of the amounts and the selllemenl dale in writing. Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset. Interest receivable on funds held on deposit is included when receivable and the amount can be measured reliably by the charity, this is normally upon notification of the interest paid or payable by the bank. 1.5 Expenditure and Irrecoverable VAT Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation cornmilling the charity lo that expenditure, it is possible that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly allribuled lo particular headings they have been allocated lo activities on a basis consistent with the use of resources. Irrecoverable VAT is charged against the cost against the expenditure was incurred. 1.6 Allocation and apportlonment of costs Support costs are those functions which assist the work of the charity but do not directly undertake charitable aclivilies. Support costs include office costs. finance, personnel, payroll and governance costs which support the charity's programmes and activities. 1.7 Tanglble flxed assets Tangible fixed assets are slated at cost lor deemed costl or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly allributable lo making the asset capable of operating as intended. Depreciation is provided al the following annual rates in order to write off each asset over ils estimated useful Freehold property Freehold property Motor Vehicles 20/0 slraighl line 150/0 reducing balance 20 /0 slraighl line Fixed assets costing less than £1,000 are not capilalised. 17
Age Concern Tyneside South Notes to the financial statements (Continued) for the year ended 31 August 2025 1.8 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of ils 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 eslimaled in order to determine the extent of the impaimenl loss lif any). 1.9 Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered, Prepayments are valued al the amount prepaid nel of any trade discounts due. 1.10 Cash at bank and in hand Cash al bank and cash in hand includes cash and short term highly liquid investments which are instantly accessible from the opening of the deposit or similar account. 1.11 Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the tiansfer of funds lo a third party and the amount due to settle the obligation can be measured or eslimatecl reliably. Creditors and provisions are normally recognised at their selllemenl amount after allowing for any discounts due. 1.12 Financial instruments The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction valLJe and subsequently measured al their sèlllement value with the exception of bank loans which are subsequently measured at amorlised cost using the effective interest method. 1.13 Pensions Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Judgements in applying accounting policies and key sources of estimation uncertainty 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 eslimales 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 period5 where the revision affects both current and future periods. The Iruslees consider that there are no significant estimates or judgements in the preparation of the financial stalemenls. 18
Age ConceTn Tyneslde South Notes to the financial statements (Confinued) for the year ended 31 August 2025 statement of Financial Actlvltles for the prior year Unrestricted Restricted Funds Funds Total 2024 Total 2023 As restated Notes Income from: Donations, grants &IattleS Chaiilable activities Trading activities 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 income 1,752,551 100,049 1,852,600 1,918,307 Expenditure on: Charitable activities Costs of raising funds 10 1,891,060 159,021 2,050,081 1,830,481 Total expendlture 1,891,060 159,021 2,050,081 1,830,481 Net movement before transfers 1138,5091 158,9721 1197,4811 87,826 Transfers beeen funds 20 19,920) 19,9201 Net incomelexpenditure 1148,4291 149,0521 (197,481) 87,826 Reconciliation of funds Total funds brought foward 880,089 54,538 934,627 846,801 Total funds carried forward 731,660 5,486 737,146 934,627 19
Age Concern Tyneside South Notes to the financial statements (Continued) for the year ended 31 August 2025 Donations 2025 2024 Donations Legacies Grants 64,214 63,645 10,000 353,008 735,721 799,935 426,653 5. Grants Community Lottery Digital Inclusion UK Social Prosperity Fund IGood2Graftl Ballinger Charitable Trust Jarrow Mindset Energy Redress Hospital to Home Public Health (Men's Suicide) Community Fund- Know your Neighbourhood Energy Saving Trust Macmillan Cancer Trust Hospitality and Hope Mental HeaSlh Discharge Discharge Liaison IAPT Awards for All Other < £5,000 78.124 78,124 27.750 149,816 20,000 39,000 20,068 60,678 139,142 25,000 10,925 49,702 91,082 49,390 45,000 16,000 25,000 20,000 16,540 21,850 100,138 5,400 735,721 353,008 Charitable Actlvlties IntegTated SeNices 1,100,159 1,412,655 other trading acllvities 2025 2024 Fundraising events Rental income and room hire 3,589 10,380 11.756 13,969 11,756 Investment Income Bank interest 20
Age Concern Tyneside South Notes to the financlal statements (Continuodj for the year ended 31 August 2025 9. Other Income 2025 2024 other income 5,866 1,536 10. Charitable Activities expenditure Direct Costs Support Costs 2025 Total 2024 Total Direct costs Premises costs Offi'ce costs Trave1 Costs Motor running costs other costs Bank charges Staff costs Legal and professional costs Depreciation Governance 100,338 31,912 125,363 27,996 23.358 28,227 1,669 1,603,232 37,720 100,338 97,695 41.391 33,944 125,363 106,798 29,400 29.994 26,596 41,906 38,139 26,048 1,669 16,053 163,038 1,766,270 1,631,686 2,766 40,486 28,622 21,552 21.552 17,930 12,500 12,500 12.500 9,479 1.404 3,238 3,570 1,979.815 217,547 2,197,362 2,050,081 11. Auditors remuneratlon 2025 2024 Audit fee 12,500 12,500 12. Net incomellexpenditurel 2025 2024 Depreciation- owned assets 21,552 17,930 21
Age Concern Tyneside South Notes to the financlal statements (Continued) for the year ended 31 August 2025 13. Analysis of staff costs, trustee remuneratlon and expenses, and the cost of key management personnel 2025 2024 Wages and salaries Social security costs Other pension costs 1,614,905 1,508,863 130,170 101,554 21,19S 21,269 1,766,270 1,631,686 There was one employee who received total employee benefits (excluding employer pension costs) of more than £60,000 {2024- one). The charity trustees were not paid or received any other benefits from employment in the year {2024 - £nil} No trustee was reimbursed expenses during the year. 12024 nill. No charity trustee received payment for PTofessional or other services supplied lo the charity12024- £nill. The key management personnel of the charity comprise the trustees, the Chief Officer, Deputy Chief Officer and Services Development Officer. The total employee benefits of the key management personnel of the charity were £159,129 {2024- £164,360}. 14. The average monthly number of employees during the yearwas as follows: 2025 No. 101 2024 Core Staff 99 22
Age Concern Tyneside South Notes to the financial statements (Continued) for the year ended 31 August 2025 15. Tangible fixed assets Freehold Property Furniturel Fixtures Motor Vehicles Total Cost Al 1 September 2024 Additions 622,220 77.342 4,200 20,000 703,762 20,000 At 31 August 2025 622.220 77,342 24,200 723,762 Depreciation At 1 September 2024 Charge for year 96,304 12,444 49,320 4,922 2,823 4,150 148,447 21,516 At 31 August 2025 108,748 54,242 6,973 169.963 Net book value At 31 August 2025 513,472 23.100 17,227 553,799 At 31 August 2024 525,916 28,022 1.377 555.315 16. Debtors 2025 2024 Trade debtors Other debtors and prepayments 176,953 134,373 190,510 38,760 311.326 229.270 17. Creditors.. amounts falling due within one year 2025 2024 Trade creditors Social security and other taxes Other creditors Deferred Income Bank loan (securedl 342 38,659 41,566 308.154 26,310 7,949 30,574 55,107 416.900 27,348 415,031 537,878 23
Age Concern Tyneside South Notes to the financial statements (Continued) for the year ended 31 August 2025 17. Creditors: amounts falling due withln one year (Continued) Deferred income Deferred income relates lo income received for future periods. At 1 September 2024 Amounts released lo income Additions during the year 416,900 {416,9001 308,154 At 31 August 2025 308,154 18. Creditors: amounts falling due after more than one year 2025 2024 Bank loans 116,022 130,199 19. Loans Total 142,332 157.547 An analysls of the maturity of loans is glven below: Amounts due within one year OT on demand 26,310 27,348 Amounts falling due between two and five years: Repayable by inslalmenls.. Bank loans of 2-5 years by instalments 116,022 130,199 Amounts falling due in more than five years.. Repayable by instalmenls.. Bank loans more 5 years by inslalmenls 24
Age Concern Tyneslde South Notes to the financial statements (Continued) for the year ended 31 August 2025 20. Statement of funds Forthe earended 31 Au ust 2025 At 1 September 2024 At 31 August 2025 Income Expenditure Transfers Unrestricted fund General fund 731,660 1,829,382 11,872,854) 18,951) 679,237 Total unrestrlcted funds 731,660 1,829.382 11,872,854) 18,9511 679,237 Restrlcted funds D(x)r Stop Delivery UKSPF Energy Redress Awards for All Macmillan Well connected 19.494 140,980 41,783 20,000 80.585 78,149 {19,6451 1108,0961 132,3261 120,0001 189,3851 155,0561 151 32,884 9,467 8,800 5,486 28,579 Total restricted funds 5,486 380,991 1324,5081 8,951 70,920 Total funds 737,146 2.210,373 12,197.3621 750.157 25
Age Concern Tyneside South Notes to the finaneial statements (Continu8d) for the year ended 31 August 2025 20. Statement of funds { contlnued} For the 8arended 31 Au ust 2025 At 1 Soptember 2023 At 31 August 2024 Income Expenditure Transfers Unrestrlcted fund General fund 880.089 1,752,551 11,891.0601 19,9201 731,660 Total unrestricted funds 880,089 1,752,551 { 1.891,0601 19,920) 731,660 Restricted funds Community Foundation T&W Community Lottery Masonic James Knoti Well connected 24,904 124,9201 21,92S 122,5911 { 32,6331 { 6,2391 78.124 172,6381 16 666 9.238 23.395 6,239 5,486 Total restricted funds 54,538 100,049 1159,0211 9,920 5.486 Total funds 934,627 1,852,600 { 2,050,081) 737,146 Restrictèd Funds Community Foundation T&W- Kellet Connect 2. Community development project. Community Lottery- Linkage Plus, Community Development project. Masonic- Tyney Links, Community Development project. James Knott Premises and Facilities role, core funding. Henry Smith Foundation- Information and Advice fLJnding. Energy Saving Trust- Smart Meters, Energy advice project. Well Connected- National Lottery Digital Inclusion, partnership project. Awards for All- For the purchase of a minibus. Door-step delivery - a community engagement project to focus on flexible community packages for each neighbourhood based on their needs lo tackle loneliness, isolation, and support people with limited mobility. UKSPF - The Shared Prosperity Fund project aims lo encourage. facilitate and support economically inactive members of the community to engage in volunteering and work placements lo improve their skills and experience, whilst also being economically beneficial lo each individual's situation. 26
Age Concern Tyneside South Notes to the financial ststements (Continued) for the year ended 31 August 2025 20. Statement of funds (continuèd) Macmillan - Funding lo provide fi'nancial support lo residents of South Tyneside who have a cancer diagnosis. 21. Analysis of net assets by fund For the e8rended 31 Au ust 2025 Unrestricted Restricted funds funds Total Fixed assets Nel current assets Creditors.. amounts falling due after more than one year 553,799 241,458 1116,0221 553,799 312,378 1116,0221 70,920 679,235 70,920 750,155 For th8 earended 31 Au ust 2025 Unrestricted Restricted funds funds Total Fixed assets Net current assets Creditors.. amounts falling due after more than one year 555,315 306,542 1130,1991 555,315 312,028 { 130,199) 5,486 731,658 5.486 737,144 22. Pensions Defined contribution Pension contributions payable for the year ended 31 August 2025 amounted to £21,195 12024 £21,269), Within creditors, £3,944 was oulslanding at the year end.12024 - £4,653>. 27
Age Concern Tyneslde South Notes to the financlal statements (Continued) for the year ended 31 August 2025 23. Cash flows from operatlng actlvltles 2025 2024 Nel income l {expendilurel Depreciation Interest received Interest paid (Decreaselllncrease in debtors Decreaselllncreasel in creditors 13,011 1197,4811 21,516 17,930 {82,0561 {121,809} 116,781 127,452 {169,3381 64,682 24. Analysis of changes in net debt At1Sep 2024 Cash At 31 Aug flows 2025 Long term borrowings Short term borrowings 1130,1991 127,3481 14,177 1,038 {116,0221 {26,3101 Total liabilities Cash and cash equivalents { 1 S7,5471 620,636 15,215 204,553 1142,3321 416,083 463,089 189,338 273,751 28