Company registratSon number. 01499927 Charity registration number.. 281820 Plymouth Age Concern IA company limltod by guarante8} Annual Report and Financial Statéments forthe Year Ended 31 March 2024 Plymouth Age Concern Contents Roference and Admlnlstrative Detslls 1to2 Trustse8' Report 3to19 ststement of Trustsè¥ Rèspon51biliU88 20 Indepondonl Audltorfs Report 21tt)24 Ststsmenl ol Flnanclal Advltl85 25to28 Balance Sho01 27 Stat•m8nt of Cash Flows 28 Nol8S to the Fknanclal Slat8m8nls 29to49 Plymouth Age Concem Reference and Administrative Details Trustgos E Bombieri P Burroughs Creek- Chair S Hobbs Ir8slgned 171051241 R marlnelli18ppointed 1 $1061231 R Nightingale {re5igngd 22104124 Potterton {re8igned 151031241 F Thomson N Walts Ir8signed 07108123, re-appolnted 17105124 and r8slgned 091091241 B Wright Iresign8d 271061241 J Swales lappoinled 271061241 Company Roglstratlon Numbor 01499927 Ch•rlty Rogl¥tratton Numb•r 281820 R•gl$t•r•d Offlc• William & Patricia Vonton Centr8 Astor Drlve Mount Gould Plymouth Devon PL4 gRD Davld Wood Irèslgned 311051241 Chl•l Ex•¢utlv• Offlc•r S•cr•tèry David Wwd Ireslgned 311051241 Audltor PKF Frand8 Clark Statutory Audllor Melvllle Building East Unit 18. 23 Roy81 Willlarn Yard Plymouth Devon PLI 3GW National Westminster Bank PIC 740 Waterside Drlve 2tec West Almondsbury Bristol BS99 5BD Close Ass8t Management Limitod 10 Crown Place London EC2A 4FT Bankern Investment advlsorn Page 1 Plymouth Age Concern Reference and Administrative Details Investment advlsors Brewn Dolphin Limrt8d 12 Smilhfièld Stragt London EC1A 9LA Page 2 Plymouth Age Concern Trustees, Report The Trus198s. who are director5 for Ihe purposes of company law. present the annual report together th the financial stal8m8nls and auditor's report of the charitable cyjrnpany for the year anded 31 March 2024. The Arsnual Report S8rves thè purposes of both a Trus168s' report 8nd a directors, roport under company law. Th8 Trustees eonfirm Ihat the Annual Report and financial stalements of the charitable company comply wlth the current slalutory requirements, thfr requiremgnts of the charitable company's governing document 8nd the prDvSsions of the S18tsmenl of Recommended Practice ISORPI applicable lo charilles preparing their a￿oUntS in accordance wlth the Financial R8porling Stsndard applicable in tha UK and Rèpublic of IreSand IFRS10211off&clive 1 January 20191. Slnce th8 Charity qualifies a8 sm811 under sectlon 382 of the Companies Act 2006. the Slr8tegic report required of modlum and large cornpanies under th8 Companies Act 2006 Istrateglc Report and Oiroclors, Report) Regulations 2013 has ￿en OMI￿. The Charity also trades undef the narne Age UK Plymouth. Oblgctlvos and actlvltl•s Pollclos and obJecdvo$ The Chadty's objectives were Sel out In th8 Artlcles of AssoaalSon wh8n il was eslabllshed and are now embodied in Il's Ml•slon Ststorn•nt which r88ds'. 'Age UK Plymouth exlsts lo care lor and work wlth dder people and Ihelr carers in and around the City of Plymouth lo Impyovg their quallty of lifa through the promollon of choice. opportunity and Independen￿,. In selllng oblectlves and planning for actlvitie5, the Trustee5 have glv8n due COn￿deratIOn to genoral guidance published by th8 Charity Commission felBllng to publSc b8nef51, InGludlng the guidance Public b8neflt.' running a {P821'. Thè Trusloes wnfirm that they have complied with the rgquirement$ of section 17 of the Charitigs Act 2011 to h8v8 due regard lo the public benefll guldance publlshed by the Charity Commlssion for England and Wales. b. Stratsgl•8 for achlovlng obloctlY•8 To achiève our Ml•8lon, we aim lo improvg tha w811 belng of those In Later Llf8 by, Undgrstanding 8nd Tesponding to individu81 naeds Enabling independent living Deliv8ring excellent sgrvices . Advocacy and Empowennent . Worklng in partnership Using innovative idea9 Our Vlslon Love Later Life in Plymc*Jth Our Valu•s . Trusted. Compassionate, Innovative Page 3 Plymouth Age Concorn Trustees, Report ¢. Actlvltlo6 und•rtak•n to achl•vè obJactlvtr$ Th8 Board of Trustè8s. tha Chief Executive Officer and the $8nior management team formally aim to und8rtaka a rèvièw tsf thè Charity's aims objectives and activities each year. This nomially takes place at a strategy day and the revlew consid8rs what has been achieved within the previous 12 rnonths and wl)ere the charity aligns itself within a national and local agenda that has older people at the foretronl. Given the charity is enhancing currgnl sorvices and seeking to develop new services il is imperative that this review takes place annually. unless there are extenuating drcumstsnces which prevenl it occurring. d. Maln actlvltles undertaken to further the Charlty's purposes for the public benefit The Charities Act 2006 introducod the requirement lor Charits'es to show they provide public banefit. The Executive Committee ref8r5 to the gLbidance contained in the Charity Commission's 98neral guidance on public b8nefil when reviewing the Charity's aims Bnd obj8CtIV8S 8ach year and in planning future activities. The Trustees consider that tho s¢rvices delivered by the Charlty very deady provide an identbfiabl8 ben8fit to ils servlce users, who are older peopl8 living in Plyynouth and the Surroundlng area. aimlng to 8nsurg that none of that cohort of cllizens Is preduded from sharfng In those services by reason of economic hardshSp. At 8V8ry board meellng, Trustees dlscus8 the publlc b8n8fil that Age UK Plymouth is providing, il being raison d'&lr8. The r91iof of those In neod by reason of age has been codlfied as a ch8rSlable purpose by the Charilles Act 2006. Age UK Plymouth interocts wlth up to 2,300 older people each month through its services and 15 therefore playlng an essential role wilhln the City and in local communllles. The Charity helps older peopl8 to malntaln their Sndependence, onhan¢o their quallty of lffe. make Infom)ed cholces and rèalS8è Ihalr rfghts. Evéry cllant is spadal and 8 cllgnl cantrgd approach Is taken throughout Ihe charlly. The Charlly has a mixlure of clients, many are able to pay feas for the services provided, whilst others receive support from Plymouth City Coundl or thè NHS. Age UK Plymouth also provid8$ many SO￿1¢e$ which a￿ free al the point of delivery - Ihg Information and Advice service being an example ol one whlch assists older people lo remaln in eonlrol and able to mBke informed cholce$ on Issues that may affect their Independence, finBncial h8811h and wellbeing. In addition, the Charity provides frae Demantla Awargness training and has a Wellbelng Hub that encourages those In the local communlly lo drop Sn for IndSvldu81 advlce support. The Charfty introduced free 88rvlces in response lo Ihe Coronavlrus Covkl 19 pandemic and many of thes8 such as Befrlending and Phone Frlgnds have continued and are now part of (he core offèr. Dlversity and equal access lo Age UK Plyynoulh 8ervlc&8 are eX￿melY imFÉJrtanl to the Charity and 8ervlce plannlno always tskes account of any under represented groups. Page 4 Plymouth Age Concern Trustees, Report How w• make a dlfforencg for our cll•nts...b8low we sharn some feedback from our s•rvlce users 124y ¢.eDtro "l thlnk the stsff are absolutely excellent for what they do and It's not just the staff it's the fact that everybody, well il's a comradery, we're like one happy family they make you feel al ease slralghl away. Before, l us8d to be like a hermit stuck in my bedroom for neady 10 years and ever since I've been coming here I've been a lol better and the staff have literally bent ovgr backwards to halp me. Il's done me a heck of a lot DI good, Iltefally. Il's literally brought me out ol my shell and I would rniss Ihis place. I missed it18sI week when I was In hospital. I lit8rally missed thls place. I r8ally did. I'd be lost without it, I r8ally would" "I know this place has changed my lif8. It has saved me from a Ilf8 Ihot I was not anloying. I look forward lo coming in and the gtaff are just wonderful. so carlng and so thoughtful and kSnd' "I don't Ihlnk I would SUII be here M 11 wasn't for th8 staff in this building. They m8k8 me srnile and being herels the best part of my week. I have made new fn'8nd5 and I f881 part of som8thlng rather than silting at hom& watching th8 TV and talking to nobody. Thank you" "I wsh I could com8 to this Day Centre every day and I méan weekends loo. l am always so di88ppoinled when I wakg up and re81i$e il is not a dBy when I will come in and meet the smillng happy arKI wondorful people that look èfter me go well. The food Is always wondèrful and I think I always have a Glean plalel" My daughter got me back here. l used lo come here yèars ago bul we didn't do anythlng lik8 this, il W85 all differonl. But I do enjoy coming, I come throe limes a week on Monday8, W8dnesdays and Friday3. I think they're wonderful. everybody, even in lh8 office. they do watch over us all the tim8. Q0m•ntL￿thlltr 'He Is sometime8 apprehensive about coming in but 88 soon 93 hè Is here hg flips and is dancing and smS1ing. The staff here are absolutely 18ntastlc. He loves belng h8r& and Ihere is a sense ol famlly here. like an extellded fomlly he can be part of. I can't speak highly enough about thè place. °Il giv@s hls wlfe the ch8nc8 lo have 8 break, a valuable 8 hours lo have a breather. 11 makes such a dlfferenc9 not just lo him bul lo her as w811. The staff ar8 always putting on activities that he loves" 'One of thè staff members is such a ganlleman, he really is. I like him, everyone really Ilkes hlm. He makes such a dlfference. I didn't do much before I came hew and I really like il here" "The club is a re81-Ilfe sover provldlng Company, fun and laughter which lasts for day8. l especially enjoy the activib'es bul wish I was quick enough lo keep up with the exercises etc to music. People ar8 so friendly and h81pful. I have a great lime and always look forward to coming to this group." "I do onjoy coming lo the Frsday group as it's made me f8el better about myself, meeling new peopl8 of all ages. I'm havlng fun. good ￿nverSatIOnS and playing games. I look forward to going there every week. l always thought these sorts of clubs were not for me bul I have now changed my mlnd. All the ladies who attend the dub are so friendll. Page 5 Plymouth Age Concern Trustees, Report nf lon and Advlc• "Thank you for the help you g8v8 m8 to fill In the forms for Attendance Ajlowance and Blue 8adg&. I have been successful wllh both and this will enable me to have better quality of life. So I can't thank you enough for all you did" 'On behalf of my mother I would like to say thank you for all your help regmrding her Attendance Alowancè and Blu8 Badg8 applicatson. She has been awarded the higher rate ol AA and we are still Wai￿￿9 lo hear the outcome ol the BB. Thank you so much again. "Many thBnk8 for your very h8lpful advice and assistanc8. You are highly recomm8nded for us eldedy people. We are lucky lo have Age UK in Plymouth" "Slnce speaking lo you about #n applicab'on for Attendance ￿loWanCe in late Febru8ry, 18m happy to t811 you my appllcation has been successful. It was a wonderful 8urprlse to recglvg a payment into my bank. .1 would Ilk8 lo say thank you and your team for 811 tho help you hav8 boen given m8 in claiming Attendance Mlowanc8, I have been granted £68 plweek which wlthoul your guidance I would n&ver applied. Th8nk you once agakn Il•lp.aLMom "I would Ilke lo gSve feedback on a staff member who was Incrèdlbly engaglng and 8UPPOrtlve to an older lady she was supportlng at the Royal Wllllam Yard late thls momlng. Th8 gUPPOrt worter was 8xlremely palignt, bving, friendly and kind - whlch was so heartfelt and great lo saa. I wa5 sat next to h8r with my puppy and I was emotional lis18ning in "Y¢wr Staff m8mb8r has Iran8formèd my g8rden from an overgrown area wlth Iwy to a beautiful planted op&n spaco. Ho took me lo Plants Galore lo buy bulb8 and shrubs lo enhance my garden. l am delightgd wSlh the aroa. "l am thrilled wlth the work of your staff member and she Is havlng 8 real Impad on both myBelf and my husband's Ilves. It makes such 8 dlff8rence' Illschar Thank you so much for helplng me wllh my hou88WOrtK 8nd for tsklng me out. I hav9 look8d fO￿ard lo11 every wegk. You ar8 8 lov8ly kind empalhelic lady with a wonderful sens8 of humour and I have enjoyed the fun whSlst I have gained strength. We are very grateful for your help and kn'ndness. You c8me along when we needed someone lo sort out the chaos and you dld. We wovld havg slrugg19d without the support of A98 UK Plyrnouth. We are fortunate lo hav8 you all so nearb 'Thank you for all the sUPPOrt you provlded after my husband's operation. You aided us in the very best way you COLJkl and l am very grateful for all your support. We a￿ now In a much bettor place but we gol there wlth your generosity and support. Pag8 6 Plymouth Age Concern Trustees. Report STCC "Cliènt commented upon 18aving the céntre that we had saved her Irf8. Sh8 vocalised that she would've taken her own life had she remained in the care home as She felt helpless. The di8nt's niece called the STCC following her dI￿harge to thank all staff involvéd. we had taken a burden from her and it had Saved their relalionshlp from falling apart.. 'The cll8nl was very complimentary obout Ihè service and was 88pgcialty thankful to the centra manager for 5UPPOrt. The client went on to support Age UK as a volunteer to thank them for all the support they gave her in th8 communlty." Events hold In our Dlnlng Room "I'm 80 years old and I'v8 worked all my life. I live on my own because I've been a wldow for 20 years. And I liva Ioc8lly so Il's not far for me to come bul I know I would ttavg h¢lp rf I needed some lo gel here and since than I've n8ver looked back. Evgrybody is so kind, they h8ve so rnuch Information lo glve. If you need help with b8nefils or thlngs like that they can help you. And you can stay lor lunches. they lay on lovely dancing things and relaxing Ihlngs for peopl8 and really look after everyone extromely w011 up here and It'8 a pl88sure lo coma" "I have struggled wlth anxl8ly and wory about being in large groups. I found11 difficult al fir81 but I now look forward lo coming along to the Veterans Sticky Bun momlng and my Thental health has bg8n given a boosl. I love the amount of food I can eat as w811. "The foL*J 19 a￿ayS so lovoly. It Is a￿ayS lust so p8rfact and It is my only meal of the day and that Is Important. Eating here Ss making a hug& dlff8r8nce lo me and I feèl l am puttlng on w8Sghll l om told that Is a gc*Jd thing by my famll How wa mak• a dlfference for our volunteori.. °There are many things that I lov8 about b8Sng a volunl8er at Age UK Plymouth but the one IhiThJ that stands out most for me Is being abla lo c¢)nn8ct & build a bond with the client's. putting a smile on their faces and maklng their lime Spent in our caro Ihe b8st il can b•. 'It brtngs go rnuch pleasure and joy. The team in the Day Centre are the best they've ever been. Makes me feel valued even though l am not as mobile or energgllc anymore. 'Whal I Ilke bast Is when a new G4ignt nervoudy joins us for thèir flrsl one-hour Se￿10n. telling rne they feel a little scared ot IT but wlthin 15 minutes 8r8 laughing al how much they ar8188ming realisSng and making mis18k8s actually doesn't break the thlng. Th•y can't wait for noxl week for thelr next lesson even though I give them homeworkl. "Feellng Induded and a valu8t4e member of # Yamlly" "18njoy worklng as a 18am wtth the D&Men￿a Day Centre stsff al Plymstock and meetlng and chatting lo lovely cllenls. 'What I like about volunteering wSth AGE UK Plymouth is the happinoss that I briThJ to my phone friends" Page 7 Plymouth Age Concern Trustees, Report Achlevemonts and Performance . Revlew of activitiès Servlcèi and Support A fre8. independent and confldendal Informauon and advlc8 on a range of issues relating ID thos8 aga 50+ In Part￿Ular we speclalis8 in welfare benelilslincome maxlmisalitm, consumer advice. housing advice. social care advice and home energy efflciency Infomi81ic•n. The Inforrnalion and Advic8 servica had 7.705 contacts with the local community17¥. decrease from prèvious yèarl. Of these clionts, 865 werg new dienls requiring advice144°/o decrease from previous yearl. 23513DA) were under th8 8ge of 85 2512132.6(t/ol ware ag8é 66-75 3148140.9&AI were ag8d 76-85 16941220AI were 8ged 8&95 7611 Yol ware aged 96+ 4010.5%) Unkn¢)wn- age details not recorded The Infomallon and Advice servte ha$ been hugely successful In securfng £3,326,002 In benefit Incom8 for oldar people a¢ross the clty112Yo Incr8as8 from prevlous ￿#r) and supportad 449 dlents lo the value 01 £2,072.314 with Attendance Allowance claims alone. 164 Informalion and advice leaflets w8re di51ribuled to Indlvidu81s, groups and prol888lonals throughoul Plyrnguth. The Age UK National Informa15on Llne rècèived 5,212 calls from dder people Ilving in Plymouth. These callers We￿ all given details about Age UK Plymouth and how lo contact. (bl.HolR al.Hom.¢. a.n.d_c￿mrn￿￿n1I SupLrt Th8 Help 8l Home and Community Support servlce offers an essential p8rson<ènlred hlgh-quallty and flgxlble $gryico lo people aged 50 and ov8r, Ilving in and around the Clty of Plymouth. This 8ervlc8 is tBilored to p￿P1a,5 Indlvldual needs and includes shopping, cleaning, assisted trips, gardening, COmpan￿nship and much more. The Community Support Assistants play a vllal role assisting those who need additional support enabling many to continue lo Ilve happily in their own hcffles whilst improving their wnfidence and gengral wgllbeing. The Help al Home and Communlty Support service In numerlcal lernis supported 1.067 older people to continue living in their own home, maximislng thgir independence, whilst hglping with the activities of daily living. The te8m provided an astonishing, 21,758 vlslls a total of 27,823 Support hours to older people during the year a 170k Incre8S8 on th8 prevlou8 year. 11 is an absolutely vilal Se￿IG0 and 8 lif8 1Sn8 lo so rnany people living alone in the City. Page 8 Plymouth Age Concern Trustees, Report CLD Care l Da For older pÈoplÈ who need Individual additional care and supprxt th8 Charlty off8rs an outstanding day care provision. The William and Patricia Venlon Day Centre operates 4 days a week and provides day care and day opportunilies for old8r people. who may be physically frdil. have become gocially isolated or simply want to benefit from peer group support. The atmosphere within the Day Centre Is always positive and a number of wonderful volunle8r8 of all ages and backgrounds provide additional SUPPOrt. Pr()viding this 16v&l of day car8 &nablgs Garèrs the lima and the opportunity lo have some free time or respite and allows them lo focus their end8avours els8wher8. The Oay Contre offars a range of 8venis. actlvlties, singalong8, compei5tions, quizzes and mor8 all geared towards stimLJlaling the mind and body and improving the wellboing and m8ntal health of those attending. There is o three-course quality and freshly cooked maal Provided every day and clients eat this in a n8￿Y refurbished dlnlng room. The abilily to use our podiatry and hairdresslng ¥ervlce has begn wo11 receiv8d by clients. As well as a variety of 8Ctlvi11os available wllhin the $8rvic8. cllenls and their c8r8rs can choosg from a m8nu of social, 18isure and learning opportun1119s lo meet ihoir identified 8bllilies and prefgr8nces. S8rvice users are regularfy consulted on the quality of servlcg and the proposed programme of activit185 vla $8rvlce us9r forums and $givice us8r questionnaires. Feedback is so important. Ouring 2023124, Ihere were 2,226 ottendanc8s 8t the Wllllam & Palri¢la Vanlon Day Centre. This wo9 0 31 V. Increase on last y88r and this level of growth Is an Indicator ol the n8ed and quallty of the 89rvlce provlded. 0gm8nli8 ortunllie nlr Th8 Demenlla D8y Centre Is basod in the William Venton Centre In Plymstock and provide5 8 rango of spgcSallsl dementia services 8nd activities for people over the a98 of 50 who havg memory loss. cognth've impaimi8nt and dementia. The alm08ph8r8 wlthin the Oemenlia Day Cgnlre is always buoy8nl and 8 numbar of wond8rful volunteèrs ol all ag8s and bockgrounds provK4e addltional necessary 5UPPOrt. Providlng this level of d&mantia day care onables carerg the tlme 8nd the opportunity to h8ve some free Ome or respite and allows them to focus thelr endeavours dsewhere. The Dementia Day Centre has both the dbenl and the carer al the heart of the swvice and operates five days per week. Thar8 18 8 hl9h quallty coursg frashly cookad meal provSded 8very day and Indlvldual preferences arg 8aslly catered for. There are a variety of activitie5 available Wlthin this setvice and cllents can benefll from a menu of social, 18lsure and leaming opportunities to meet their identifled abilities and preferences. Carers 8r8 regulady consulted on the quality of servlce and the proposed programme ol adivities via service user forums and s6rvlce user quesllonnaire8. The Dementia Day Cgnlrg provldes 8 lgvel ol excellence that meols the needs of the clients, but equally provides much needed resplte for thelr carers. Thè relationships be￿9¢n stsff, volunt99rs and the dients and th8lr carers Is flrgt class. DurSng 2023124 there were 2.989 attendanc￿5 81 tho D0m8nlia Day C8nlre. This level of ottendance is great indScator of th6 need and the demand for Ihg seNice. Pa98 9 Plymouth Age Concern Trustees, Report 8LShort-T8rrn Care Centr8 Sinc8 the Short-Term Carè Cèntra ISTCCI opènèd it has acted as a ratalysl enabling a grèat deal of effective servlce dev8lopmenl lo lake place throughout the year and has madg an enormous dmference lo the flow of patients from hospitsl to homè throughout the City and It has be6n lauded for its ¢ffecliveness and impact. 11 continu88 to bè an 8xc8118nt developm8nl and th8 STCC h8lps p8opI8 r8cov8r from illness and ducès tho limo sp@nl in hospital to the benafil of th8 individual and othèrs ne8ding hospital Ire8lmenl. The STCC is b8ing op8rat8d in partnBrship with Livew811 Southw6st and hBS 24 èn-suite bedroorns Pfovlding a s8fe place lor patients lo stay after they have been In hospllal. Thls could b8 for anything up lo four weeks arKJ the aitn is that when people leave the STCC they are feeling rnuch better and ready lo go home and lo live a5 independenlly as possible. Age UK Plymouth provides all the catering requirements Wlthin the STCC and this includes, breakfast, dinner and an evening provision. The Charlty also works seamle551y wlth LiveweS1 Southwest provkjlng a housekeeplng and maintenance service that ensures that the dally n8eds of patients are mat In the most conslruclive and lolnad up mannor. In 2023124, 143 patl8nts stayed in the STCC. Th8 av8r8g8 stay was 21 days and 131 of th8se patients left with no or minimal care. This is an extremely positive outcome. 12 pats'ents which is less than 10% needed readmission lo hospital either direct from th8 STCC or al a18ter stage from home. lo￿1￿Cb￿rgo. &upp.oil The advent of the STCC has acted a5 a catalyst for change and for providing the opportunity lo d8liv8r new services. Age UK Plymouth provid8S SUPPDrt lo pali8nls being discharg8d from the STCC, from Mount Gould and Derriford Hospital. The support the charily provid8rs is person centred and is ta51or8d lo me81 the needs of the individu81 patient. Age UK Plymouth supports patients who live wthin the City of Plymouth belng dlscharg8d on 8ilher pathway O or pathway 1. Thg $8rvlce Indud8S shopping. cleaning, simple food preparation picking up pre5criplions. confidence building, benefits check, the opening ol mall, ¢ompanionyhlp and much 11 hay becorne yuch an Important component of tho discharge provi810fl across the Clty and has qulckly becom8 one of the most eruclal 5ervlce3 provided by Age UK Plymouth. In the year ended March 31512024 Age UK Plymoulh provided packages of care to 567 patients being discharged from the STCC, Mount Gould or Derriford Hospital. This &quales lo 6,648 hours of support enabling a smoother tran311ion home and a r8ductlon in the pressure exerted on NHS $grvic8s across the City. The support provided lo thos8 in need cannol be underestimated. Veterans S Age UK Plymouth has been fortunate lo have recelved fin8nclal support from the Armed Forces Covenant Trust and Ihls year Introduced a counselling and wellbeing support service for Vetèrans over th8 age of SO livlng or working in Plymouth. This free and friendly service has been provlded lo halp Veterans access the 5UPPOrt they require to build and maintain good mental heatth. In addition, the Charlty has b88n proud lo fgcilitalg the Induslon ol a Vglerans Pain GllnSc and a Veterans Games Aftgmoon. The Charity saw 3,658 Veterans attendances across the year with 2,167 attending 'Sticky Bun. momings on a Tuesday. In 8ddillon. 909 Veterans attended the weekend brunches and 461 bec8me involved with the w81klng footb811 seNic8. The (Jevelopment of our Veterans serNlcès has been IncredI￿Y welcome and has exceeded origSnal expeclatlons. The Charity has recelved enomous 5UPPOrt from those attending. Page 10 Plymouth Age Concern Trustees, Report (hl.Wellbein Hub The Wellbeing Hub continuès to develop and prosper and as part of PIyTnouth's Integrated wlder network of Wellbeing Hubs, all supported by Plymouth City Council. The Wellbeing Hub has an ageing well focus and promotes activities, workshops and events inrjuding a Friday "Community CuppB- sesslon th81 Is well support8d and vital 10 50 many from a companionship pergpeclve. As well as having a dedlcated IT, befriending and phone friends service the Wellbeing Hub provides an oulr8ach into the most at n88d areas ol Plymouth. campaigns to raise 8W8r8n?$s of lon815ness. profnOt8s and signposts old8r people lo locBI available servlces. The W8llbelng Hub also provides advice with managing long term health condilijns through a partnorship with Liv8w811 Southwest that anables dropin session5 for health checks lo be mad8 available in th8 cornmunity. Importanuy we are also able to facilitste the d81ivery of vaccines from local health providers lo the communlty. olu laedn Age UK Plymouth began its work in 1942 as a Charity which was operatsd entirely by volunteers. Today the support of volunt8•r5 romain5 cruclal lo the Charlly's continued success. The Charity provldes a Volunteer Service which offers a variety of rewarding opportunities lo people of all ages. Vdunleers gain new 5kllls 8nd experfence. and tho Charlty and th8 cllenls benefit from Ihelr involvernenl in our servlce provision. Our volunle8r service also provid8s exe8llenl opportunities for those ptsople $88king praclic818xperience lo pr8par8 them for job s8eking or as practic6 placement as part of Ihelr academic study. Tha Charity also supports young pgople of school age wllh work experien¢8 and intergener8lional activities- and the cllents really do engage in a manne*r that adds 80 much value lo the overall volunt8erlng 8xperfenc8. Al tho and of March 2024, the Gharlty had 47 registered voluntgers who C¢)ntthbut¢d 9,614 hours of volunteer support. This does not indude corporate volunteers who have supported th8 chartly throughout lh8 year on 8 rango of activiti68 SnoludSng the upgrad8 ol our garden al th8 Willlam 8nd Patricia V8nlon Canlre. £Jl InfoTma]ioLEducAlon&n￿I&1 Presenlallons and talk5 are provSded lo voluntary groups, loeal buslnesses, local health provlders and commissioners, schools, colleges and universities throughout the year by ¢yJr experienced and knowledgeable stsfflng team. Ext The Charlty contlnu8S to work to d8v81op mutually beneficial relalSonships and partnerships in Plymouth and beyond. The Charity has malntainod and developed close working and very effective relalionshSps wth Plymouth Clty Councll, both 81 offlcer and member level. Th18 is mlrrored by regular Gonlact with the citys two Members of Parllamenl. In addition, the Charity has ex¢g11gnl relationships with the NHS Commlssioner8. These clos8 and effective working relationship5 h8ve b8come increaslngly apparent sinc8 we opened the short-term care centr8 at our Willlam and Patrfcia Venton Centre. Age UK Plymouth places high Importance upon working with and learning from olh8r volurrtary and community s8ctor organisalions in the city. This has seen the Charity in contact wth Improving Livès Plymouth, Memory Matters, Elder Treg. Zebra, The Wolsley Trust and many more. Age UK Plymouth works in association with the Ihirteen other Age UKS In the South Wesl, and retains 8 g¢)od and improving close workSng relaty'onship with Ag& UK al a na￿onal level. The Chaiity smoothly went through Age UK'S Charity Quality Standards Audit in 2032124 and this ￿guIl•d in Age UK PIyTnoulh b6ing 8W8rded the Charity Quality Standards Certificate. Page11 Plymouth Age Concern Trustees, Report b. Equal opportunltles and falr a￿9 Statement Age UK Plymouth is complètèly opposed to all forms of unlawful and unfair disTrimination and Is committed lo ensuring that no person (employee, volunteer. service user or oth8rl will be treated unfalrfy by the Charity because of a protgcted ¢har8cl8rislic'. •ag9 .disabillty 'gend8r reassignment *marriag8 or civll partnershlp "pregnancy or matemily race religion and bellef •sex •8exual Orienta￿On Our commllmenl to equallty and dlvèrsbty Is lald down in the Charlty'8 Equality and Dlv8rslty Pollcy. c. Saf•gtsardlng of •dult'• •tstem•nt Aga UK PlyThouth wlll not tolerate any forrn of abuse and bellev88 that all older people should be able lo livg in an anvironment which is sale from obuso. The Chadty will ensure that indlvidual rights and organisalional values are promoted and upheld in their work wllh older pgople. Any all898tlons or suspicion of abus8 wlll b8 reported and inY8sllgaled. In order lo saleguard adults al rlsk of harm who US8 lh8 Charfly's servScgs. robust. safe r6cruitmènl proc8dur8s will be carrigd out in r8lallon lo all stoff and volunl8ers according lo the Charity's Safeguarding ol Adults Policy. Tha Charity also has a formal written policy for the safe9uardlng of ¢hildr8n. The Charity's Salgty, Quality, Sorvlces Committ80 meets ragularfy and this group comprlses Iruslg9$ and senior staff memb8rs, Flnanclal r•vlow a. GolDg ¢oncèrn The Trustees hav8 8 reasonable expect811on that the Charlty ha8 8dequBte resources to conllnuo Sn OP9rabonal 8xlslence for tha foreseeable future. For this reason, they continug lo adopt the Going Concern basls In pr8p8ring th8 financial ststements. Further d8talls regarding the adoption of the Going Concbrn basis can b8 found in th8 accounting polia8s. It is Ihe intention of the trustees that th8 Golng Concern accounting policy will be used by Ihe Charity going forward. The Challty suffered a tjefficll of £399,713 over the year and il has beèn a challenging trading perlod with mor8 cllents requlrbng support Ihrough the co81-of-Ilving cri515. The Ch8rlVs Income is 7.880 d¢)wn on last year and gxpendSlure has fallen by 0.83L¥/•. The continuing volume of activity is seen as a hug&ly poslliv8 development as Age UK PIyTnouth &mbeds its81f further In the Clty. Net current assets have de¢re8Sod from £261,942 10 £58,076. Page 12 Plymouth Age Concern Trustees, Report It is noted that the cost of charitable activi118s exceeds th8 income from such charitsble activitie5 and the trustees are aware of the na8d lo enhanc• the flow of unreslricled income. This is a high priority for th8 Charity. Thè Charity has been loss making in previous years #nd whilst facing and d88ling with a number of challenges has been forecasting future defieS18. Many of these challenges l)ave now been add￿ssed and th8 Trustees b&llave that the charity is making significant progress in finan￿81 terms whilst also supportlng a growing numb8r ol older p8ople wlthin the crty of Plymouth. Th& level of s8rvi¢g dev8lopmenl has been exceptional. 2024 has been a challenging year lor the Trusl88s and senior management team, r8sponding lo the 1085 of both ts CEO and COO. How8V8r. high morale has been maintained and key rglalionships wilh slakeholdgrs has ensur8d that the exc&llent delivery of our service lo the community has continued. The Truslegs along with the senlor managemènt team and the Finance and Investment Committee will conllnue lo scrullnise and monltor performanc8 8nd cashflow on an ongoing basis. There Is an awareness that the Charlty hRs signlficanl Inveslm8nls that could be realised to 5UPPOrt any cashflow issues Ihal may be faced in a difficult trading period. The Finance and Investment Committ88 meels quarterly and rgviews th8 performanc8 of the Charity. The Charity has erigaged the servlces of 8n FCA Financi81 Inlem6diary to aSSi5t the Trustees in their duties lo the Chorfty and ensurg they adher9 to thè èxpectallons ol the Chartty Commlssion regardlng the managemonl of investmgnls. The Trus18&s b8118v& th81 tho Charfty has mod8 substsnlial prograss as 11 has continue lo evolve In 2024 and that it is operatin9 across its seryl¢o$ al a significantly higher18vel than in previous years. In addlliDn, th8 Iruslees are dolighled with lh8 progress made in both Day Centr85, the development of ngw sorvices such as Discharge Support and tho incrgasingly successful Infomialion and Advlce seNice. b. Re••N•• pollcy The Charlty need$ to hold rgsgTve8 for the followlng prlnclp81 reason8'. l. To produce Income lo be used for fundlng such dèficits as arise from the Gharitys operatlons., 11. To meet any dgflclts not ¢ovored by inGom8 in any one ygar.. 111. To m881 major11gms of unfor8s8en expenditure., Iv. To m8el thè costs of necessary building refurbishrnent. repairs and r8newals', v. To enable the Charity lo continue [13 cor8 operation8 for a pgriod of al least six month8, evan in the event of major withdrawal of ext8mal funding. The Charity wlll therefore endeavour lo mainlaln 8 level of regerves 8pproprf8tg to the financial climate In whlch il is oper8tsng, with p8rticular reference to potential major financial riskslsuch as10$5 of fundlngl and the charitys commitment to Iha many people It serves. Th8 Charity recognises that inv8slmenls held within ils unrestricted funds Bre technically available to be spent on thè general purposes of tho Charity but recognises also Ihat the usagg of the Inveslmgnls In Ihls rnann8r would correspondingly reduce their income eaming capacity. The Charity considers thal Its present level of fr&& re8erye5 Satisfies th9 ¢rileria sel out above, and no action is deemed to bè necessary al the present lime lo change theselgvals. The Charity will ravlew both th81gv81 of its reserv8s and its policy on r888rves bi-annually. Page13 Plymouth Age Concern Trustees. Report c, Matsrfal Investments polScy Thé Charity has a formal Investment pdicy in place {TR 0031 whlch is revi8wed periodically by tha Ex8cuUve Commlttee. The Investmonts are held as a long term re8eThe agaSnst any future shortrBII in income agaSnst expendllurg. Ago UK Plymouth's Investment objective is to maintain and, If possi￿8, 8nhanG8 the real value of the r88Brves represented by ils Investments Age UK Plymouth requires an Income in order lo fvlfil Its charltable purpos68. This income should b8 COf151slènl wllh market conditions. Ag8 UK Plyrnouth aims lo a¢hl8ve the best flnanc181 ralum wthirb th8 18v81 of risk considered to be acceptabla. d. Ethlcal Invè•tment The Charfty wlll not knowlngly Invest in a company or pr(Kluct whlch wlll hava a delrlmentsl affect on the health or polanllal w8llbelng of dder p80pIe. Th8 Charlty wlll not dlr8cUy Invest In lobaceLJ induslrfes. •. Prfnclp•l fundlng Tho Chgrlty's prlnclpal fundlng source8 arè.. Stalutory aLtlhorlty fundlng for block contracts lor our Day Centras and Dlscharge Servlce Grants. donations, legacies and fundraising activities Fees and charg8s for tha setvices the char￿Y provides to cll8ntS 8nd to th8 Short-Terni ca￿ Cent Inveslmgnl inwme Ch8rges ale made for 00th of the Charity's maln service8 - Day Care, Damentia Day Carg and Help at Home. These arè revlewed annually lo refiect r18Ing costs, whilst considering the Charftys ethos and core valu8S. Investment income arises from the Chadly's investment portfolSos. AJI Invastments are held In securities quoted on the London SIcKk Exchan￿, and èach of the major portfollos ar8 mgnaged on a discrelbnary basis by different investment managers, who normally moet wth the Financ8 and Investmgnt Committeo of tho Charity on an annual basls. All inwmo Irom Investment8, together with inlore51 on cash depo$M8, 18 used toward8 meeting the costs of provldlng servlces. Page 14 Plymouth Age Concern Trustees, Report f. Revlew of 2023-2024 The Slalèm8nt of Financlal Activitles shows the Incoming Rosources of the Ch8rity, Resources Expended during the year. the various Iran$f8rs between Funds and the Fund balance8 al the year end. Incoming resources in total amounted lo £1,9S7,485 which IS £187.506 less than thg pfevious year. Resourc&s exp8nded amounted lo £2,376,215 whlch is £19,93318ss than the previous y8ar. The n81 incoming resourc8s after also adding gains on investments of £19.01712023.' loss of £81,151) w8r8 a deficit of £399,71312023.. d8ficit of £352,308>. The figurgs are affected by the cosl-of4ivlng c¥isls that is impacting ocro55 the country for Individuals. f8rnilles, communities, trusts, foundation5 and the corporate sector. The cosl-of-living crisis and an agelng populallon oper8ln9 in tandem means there is an inCTeasing need lo support dd6r people l¢xally. 11 Is a chall&nglng climatè lo op8ral8 within. R8sourc88 8xpended break down Into 98.76% $p8nt on the dlrecl provision of Charitable Acllvilies and 1.24% on Costs on Gen8raling Funds. Th8 Balancg Sheet as at 31 March 2024 8hows that the Net Assets of the Charity have d8creased ty £203,886 to £58.076 reflec¢ing the Items dgtalled above. l of the assgts of the Charlly arè held for the purpose of the provlsSon of Sls sgrvic85. The movements In ffixed assets during th8 y88r are $81 out In notè 14 to the flnancial statomenls. Th& tangilA8 flxed as5els liguro of £1,113,956 repr8senls the wrStten down v8lu9 of tha buildings. vehlcles, fumkur8 and oqulpment own8d or188sed by the Charfty. The Investments of £1,105.934 are held for the purposes of provlding Sncome to defray the expenses of the Charity's services. Interest on cash ond bank (Jeposlls Is used for the 8am8 purpose. Al Investments have been acqulrèd In accordance wllh the P¢)wer¥ contained In tho Artlcles of Assod8Jon. The pogits'on of Ihe Endowmonl Funds, Restricted Funds and Unreslricled Funds as al 31st M8rch 2024, reflects Ihg operation of the Heads of Agreement and thè funds relgas8d undef Section 282 charib.es Act, as s81 out in note 19 to tha Accounts. P8go15 Plymouth Age Concern Trustees, Report Constltutlon Age UK PIyTnouth is règistèred as Ptymouth Age Concern, a Charity INO. 2818201 and a Cornpany Limited by guarantee (No. 14999271. The Charity was incorporated as a Company on 4th June 1980. The Charity Is governed by Ks Articles of Associatlon dated 28 S8p19mbef 2011. In the event of the Charity being wound up. Members are required lo contribute an amount not exc8eding £1. Trusle&s will 8nsure that the Charlty mak88 use of th8 Sel(-Asso88menl Form that Is contained ￿thIn the Charity Gov8mance Codp ag part ol Its commllment lo good and Improved governanc8. b. Methods of appolntmont or oloctlon of Trustèos Al the powers of tha Charity are vested in thg Exgcutivg Committee, which is responsible for Ihe proper management of the Chartty. For the purposes ol the Charities Act 2D06. the Mèmbers of th8 Exacutivg Committ&a ara tho Trustaas of the Charity,, for Ihg purposes of the Companles Act 2006. th8 M8mb8rs ol th8 Ex8CUtlv8 Commltl88 ar8 also th8 Dlrectors of the Company. Th8 Ex8Gulive Commitl(>e musl consist of be￿fjan 5 and 15 mombers, who may only be appolnled from amongsl th8 m8mb8rship of th8 Charily. The directors of the company are also chBrily tnJsteas for the purposes of chgr4ty law and under the ornpany's Articles aro known as membgrs of the Exgculive Committoe. There were 8 Trustees on the Executive Commillee of Age UK Plymouth as at 31 March 2024. The Artides of Association $01 out the condllions und8r which Iruslee$ are appoinle(l and describo tho elecdon proc&$s'. Yhe Truste8s wh8n cornplel8 ￿￿$1$1 of al laast fivo and not more than 15 persons who being individuals are over the agè of 18, all of whom musl support th8 Otsj8cts, b8 a Memb8[ and have signed a written declaration of willingness lo act as a charity tru5188 of th8 Charity. 11 any Trustee 15 a corporate body11 musl act through a named repfftsentative whose contact detalls are nollfigd lo tho Tnjslees and there must be al le88t one individu81 Tru5188' (20.11. Trustees ar8 dected by the Member8 or co opted by the Trustees120.21. The Charity rnay by ordinary resolution appolnl a person who is willlng 10 8Ct lo bo 8 Trustee and detemlne the rotstlon In whl¢h any addStional Trust88S 8r8 to retlre120.31. The Truglees rn8y 8t any Ilme co opt any Indfvkjual who is ellglble 120.11 as a Trust88 10 fill a vacancy in their number or Isubjecl lo the maxlmum number permitted by Article 20.11 a8 an additional Truslae."120.41. The Executive Committee recognise8 tt)e Importance of malntaining the balance of skills and professlonal backgrounds and seeks lo ensure th81 awareness of the needs of older people In Plymouth and th8 best inl&resls of thè Charfly is reflècted in the makeup of the trustee body. Th1$ Is achigved through formal recruitment and selection procoss8s which tak8 account of the sp8cific trustee skills required. The Charity also ensures that tho recruitment procgss lakes full account of aquality and diversity and Ihal the Trust88 Board reflects the community in which il Serves. All members of the Executive Committee give their lime voluntanly and receive no beneflts from the Charity. The Board of Trustee5 can also appoint honorary officers from amongst ts members IPrasid9nt and Vlce President) and are also responsible for norninaling the Charity's Palronlsl- Pagè 16 Plymouth Age Concern Trustees, Report c. Oryanl$atlonal structuro and docision making pollcl•s The Executiva Committae have ov8rall responsibility for tha governancè of the Charty. 11 meets at least four limes a year and is supported by tho Finance and Investment Committee and the Servlces. Quglity. Safely Committee. Committ8e5 are comprised of members of the Executivè Committee. The Chief Executive Officer leads the Senior Man8gemant Team in the day-Ii>day management of the Charity. workbng within the financial framawork, procedures and policies laid down by the Executiv8 Commltte8. Each main area of the Charity's work is headed by an appropriately trained m8mber of stafflmanager who. in lum. is msponsible lo the Sonior Management Team. As at 31st Morch 2024 the Charity 8mployed 103 paid staff. ol whlch 27 were lull time employèes, 76 wer& part dmg, 10gethgr with 47 regislerod vo5unteers. Th8 Charfty prepares an Annual Plan and Budget each year, and Its operatlon. exp8nditur8 and income aro Trvi8wed regularly lo monitor complianc8 or olh8rwise. d. Pollcl•8 adoptsd for Iho Inductlon and tralnlng Ot Trust••s The Charity aims lo ensure Ihgt everyone Interested in slandlng a5 a Trusloe is fully infomiad of what the role Involves and Ihls Is reflected thè recrullmenl and induction process. Now Trustees attend an Inductbon $8s8ion ot th& CharlV$ haad offlcg and at th& Wllllgm Venlon Cgntrg and are also offered a guided lour of all Charfty service5 by tha Chair andlor the Chlef Ex8cuts"ve Officar. The inducllon SO$￿tsn Includes.. . An overvlew of the org8nisalion, ils culture 8nd valu88 The ob11gallons and dulles of the Executlva Committe8 Members Icollertively and Indlvkluallyl The key documents which set out the operational framowork for the Charlty Includlng th8 Articlos of Associallon, tha last 8udit8d accounts and 8nnual ravlew. Futur8 plans and objeclivos Mgeling the Heads of all Dgparimenls and vlsils lo thg Day Cenlro, Domenlia Day Centre and Short-T8rm Care Centre 11 is Intended that all new Trustees recelve 8 comprehenslve Indurtloft pack whlch indudes a Iruslee handbook, informab'on relatlng to the above and Information from the Charity Comrn15sion on th6 responsibilities of Trust8&s. Trustees also attend tralnlng wurs8s and lagal seminars to malntsln and enhance Ihelr chartty law knowledge. . R•lated party relatlonshlps Age UK Plymouth {r8glsler8d as Plymouth Age Conceml is an indopandenl charfty, although tt Ss Brand Partner of Age UK th8 National Charity and a memb8r of the Age England A880ciation. Thg Charity has gne wholly owned subsldlary Company 'Pl￿OUth 50+ Ltd, which Is currenly a domant company. Pago 17 Plymouth Age Concern Trustees, Report f. Flnanclal rlsk management Thè Exè¢ub"ve Committee have overall responsibility for 8n$uring that the Charity has an appToprial& s￿teM of contro15, including financial controls. The Charity's systems of inlemal control are designed to provide reasonable assuran￿ against material financial loss lo the Charity- A fomial risk managem8nl rggisler and action plan is in place across the charity, whlch Is revlewed and testèd b￿annUallY. Risks are also mib'gated through poliuès and proc8dur8S COV8ring all areas of operational practlca. The Flnance and Inv8Strnent Commltt8e oversees the wor1( on risk management. revlewing the risk register, and making recomm8ndatsons lo the Executive Committee when approprlate. The Chief Ex8cutive Officer prosents tho risk register to the Executive Cornmittge at gvery mggllng. Plan• for futuro p•rlods In th@ absence of a Chlel Executive Officer, the Chair of th8 Board has worked c108ely wblh the trustees and the senior m8nagem&nt team lo 8nsure that the ¢harlly benefits from the enornious progress mad8 in th81881 two years and continuity of servic8 is maintained and enhanc8LI with brand value opportunities. A senlor management away day and a Irusl88s' strategy day will look lo add more value ond focus operational ambitions in a cohesive and aligned manner. Agg UK Plymoulh wll in the 2024-2026 Businèss Plan set ambitious but deliverable financlal and oparatlonal targal$. Th8s8 wlll Indude.. l. That wa wlll alm to incroaso the numbèrs of older people $upportgd by Agè UK Plymouth by at 18osI 10 /0 year on year and with a greater focus On Working in communid8s, and wlth partners. across th8 Clly. 2. What we will carnpalgn effectively on behalf of tho88 in Latar L￿8 In ￿yMoUth partlcularfy through the #cosl-of-livSng crisis. 3. That all our staff and volunteers will have acce85 to training and ¢areor dgvelopm8nt opportunSlles, and will bè encouraged to promote 8nd deliver serylce growth aligned wlh our plon$. 4. Ensurlng we have staff welfare and wellbelng embedded In our culture. S. That we wlll contlnue to work In partnershlp wtih Plymouth City Counc51. Llvewell Southwest and the NHS Commissionars to beneffit from polentlal service devolopm8nl opportunitias. These partnershlps ar8 already proving lo be v9ry successfvl and crucially delivering addS1ional much needed support lo those In later lffle in the City. 6. That we I￿11 conllnuo lo innovate and look to enhance the support we provld8 lo clSents in a manner that ha5 Ihosa individuals at the very heart of our delivery mechanisms. 7. Continuing lo develop the WlllSam Venlon Centre as a specialist DementSa Day Care Centre and dglivgr a level of service that exceeds cllenl and cargr expoctats'ons. 8. That we vlll use new technologles, processes and serwces lo Improve servlce user experience. and staff producllvlty. 9. That we will seek to enhance existing s8rvices and develop new seThices that are T8levanl and appealing lo our existing and potential client bas8. 10. That we will focus on improving at all leve15 and build on the progrgss made across all our services - including in our Short.Temi Care Cenlre. Day Centre. Damanlia Day Cenlre, Help al Home sgrvi¢e. Discharge service, Information and Advice service, Jolly Elders, Veterans 3UPPOrt. Community Cuppa, W8llbelng Hub, Befrignding, Forgel-Me-Nots and rn￿8. 11. That we wli I consult regulady wlh service users, carers. staff. volunte8rs, an(1 when appropriate stskeholders, funders and commissioners lo improvg Service delivery. 12. Th8t we will work wllh a wide Tange of partnèrs to share be51 practice and learning. avoid duplication. and lo delivef services and support that provent lonelines5, and the problems asso(iat8d with agelng, to In¢￿asIng numbers of older people in Plymouth. Page 18 Plymouth Ago Concem Trustees. Report Ajlgned wrth incjudod In th• 8u8kn88 Pl8n12024-2026) ￿ bo a. . Somces l)8vdopment plan - FundralsiNJ plan . Communi￿110n$ and M4rk8kng Flan - Poople Strat•9y Dl•clo•ur• ol inform•tlon to •udltor Each m8mbor h85 laken 6t8PB th8t they wght tr) have take￿ 9$ 8 In ord•r to mak tt18m8dves thv8re of any rBl8vant ryifcrfmakn #nd trj &Sts￿l￿h thBt the Chwty$ audltor IB awar¥ ul that informatil￿. Tho Trustees confirrn thai there is no rel•v•ni Irrf￿Malth that they know of and of whlth they know the auditor w wwwarn. Small cofflp•nhi provl•lon •tat•m*rt This rewt has boen prepared In sm•1 ctynpanhs undor lh• Cthiwani Act 2006. sIILILtr The annuol rnport w89 •ppriy4tAI by th? of th• .. . behotr by. . ono ￿gned on Its AA Creek Pap 19 Plymouth Age Concern Statement of Trustees. Responsibilities The Trustse$ (who arp al80 trte (hrèct(Ys of Ag8 C￿c•M for tho purw808 of company lawl are responsit4e lor preparing Ihe Trustees. report and the f￿anCrdl statements in acwrdanck) with applIca￿e law and United Kingdom kn￿nt￿l9 StaThtsds lijnitsd Kinu¥Jom Generally Accepted Accounting Pr8ctic81, includ#y4 FRS 102 Finarwl Reportlng Star¥Jar*J apFli￿t1& n the UK and Repubhc of Ir8land'. CompBny reguirns the TTU31ees to prepare fin8rthl statem￿ts fof each financial ye8r. Under comwy law the Trusleès musi not dFwYe Ihe Ih)an¢ial ststements unlesg are SH￿5r￿d thAt t￿Y gfvo a tnje and fair of tho stat• of att￿￿$ of the charltat48 c(wany and of the irwrning r•sourco8 8rnJ ￿p￿Ie•ll0n (rf r8sourc8s. in¢k#llNJ Its kn¢om• ard •xpnd*ur•. of th• tharitablo cx)mpwy for thal P8flc4J. In prep￿ng Ihe80 ftnwKlal statéments. lh• TnAte8s ar• rgqutred to.. y8lect su1￿1e pSk4ès and appty th•m co￿6$1•n￿. observe the matt￿$ and ky#icipl85 in Ihe Cttaribes SORP: make lu(SJements and 8sltmat8s Ihat aro r8asonabl8 and pNdenl: sl•t• whetrw appllcabl• slandwds. Ls)mprlslng FRS 102 h#v• bè•n fdknvad, Bubj8rt lo ary mat8ri81 departures djgdosed and exFAalned in th8 financlal statsrnenb., and prepare the finanoal stBtomonl8 on the o)irrfJ conc8rn ba8ks it A inakwropriato to prèsLTh that th• rharftatrA8 c¢MY>pany confjnu8 In bwn•8S. Th8 T￿St8•S ar• respon8ibie for ko8png FW8r ￿c￿ntIng r0￿rdS that can discJos8 ￿th rgwnth• accuracy at ary bme th• finarKlal ￿tson ￿ Ihe ¢h8rttabl• c￿npanY and enab￿ them lo an5urg that the 1Snan¢ial stalernents compty the Cownk*$ Act 2ThJ6. Thgy )r• Also r•¥pJ)81bl? for ¥afoguardlng the ag80ts ol tho ¢h•rItal￿o cpmpany and hen¢• f(x r0ax￿aty1fr Jlep8 for thè p￿Van￿On and d8tectM)n of aThJ other Irregulafitl•s. Tha Tru8tWS 8rn raspornible m8lntananc• and lfttegrty ol lh• corporat8 and fln8ndal Infomalion Ir￿ud•d on thè charItab￿ Comp￿￿$ wobBito. L￿￿tion goveming the pr•p8ratbn and dlasomlnatlon of Ilnandal stst8munts may diN•f 1rLm1rygsi8llL￿ In othwjuri$dktions. A4Jproved by the Tru61ee8 oftro Chw ￿... ... ..... .. Crg8k- Trustée Plymouth Age Concern Independent Auditor's Report to the Members of Plymouth Age Concem Oplnlon We have audlled the financk81 st8temen15 of Plymouth Age Concern (the 'Chadty') for the ygar ended 31 March 2024, which comprisa the Stalefflenl of Financlal Aclivi11gs, Balance Sheet, Statement of Cash Flows, and Not8s lo the Financial Slalemenls. includlng a summary of significant ac¢ounting policies. The financial r8POrting Iramework that has been appli8d in their preparation is United Kingdoffl Accountsng Standards, comprising Charilios SORP - FRS 102 'Th8 Financial Reporbng Standard applicablg in the UK and Republic Df Iroland, and applicable law (United Kingdom Generally A¢ceptgd Accounting Practic81. In our opinion the fin8ncsal statements.. give a true and fair view of tho stale ol the Charity'5 affairs as al 31 March 2024 and of ils incoming resources and application of fesources, including ils incom8 and expendltur&, fcthr tho year then endgd.. have bgan propedy propared In accordonee with United Klngdom Ggnerally Accepted Accounllng Praellce.. and have been preparéd In accordancè wllh thg requlramonts of the Companles Act 2006. Bosls for oplnlon We conducted our audit In accordanc8 Wth Inlemalional Standards on AudS1ing IUKI (ISA8 {UK)l and appllcable law. Our respon5ibi11158s under those standards 8ffj further descrlbed in the auditor r8sponslbllllles for the audll of thg flnancial slat8menls secllon of our r&port. We ar8 independent of ihe Charity in accordance with the ethlcal r8qulfgmenls that ar8 rel8vanl lo our audlt of tha financial 8tatem8nl8 In the UK. Including thè FRC'S Ethical Standard. and wè have fulfilled our othftr elhScal responsibillUes In accordance wlth these r8qulr8mgnts. W8 b81i8ve that the audit evldenca we hav8 oblain8d Is sufflcienl and appropriatg to provide a basis for our opinlon. Conclu*10￿ r•latlng to golng conc•m In auditing the financial 6ts1•menls, we have concluded that the Tru8188s us8 of the going concem basis of accounting in the preparation of the financlal statements is approprlale. Based on the work we have performed, w8 have not idenllfied ony material uncertain15es relating lo vents or conditsons that, individually or collectively, may cast significant doubt on the Charity's ability to continuè as a golng concern for a period of al18asl ￿e1ve months from when the original financial slat8mants were authorised for Issue. Our responslbillli&s and the respon8ibilitias of the Trustees with respect to golng concem are dascrlbed in the relevant soclions of this Tgport. othar Informatlon The Trustees ar8 responsible for the other infomialion. The other infomialion comprtses the infofmation includèd in the annual ￿POrt, other than the financial stalemenls and our auditor's report IheTeon. Our opinion on the financial statements does not cover the other infom1815on and, except to th8 exlenl otherwise expliciuy staled in our report. W8 do not express any form ol assurance conclusion Ihereon. P￿e 21 Plymouth Age Concern Independent Auditor's Report to the Members of Plymouth Age Concern In connecllon with our audit of the fin8ncl81 ststements, our responsibility is lo read the other information and, in doing so, consider whether the olhgr information is materially inconsislenl with the finan&al slatèmonls or our knowledge obtained in the audit or otherwise appears lo be ma18rially misstated. If we idents'fy such material inconsistencies or appar8nt material misstalemenls, we are required lo deternilne whether there is a m8terial misstatement in the llnancial slalemenis or a materi81 misstatement of the other information. 11, based on the work we have performed, we conclude that there Is a malerlal misslalemgnl of this other Infomallon, we are requlred lo report that fact. We have nothing to report In Ihls regard. Opinion on other mattor pr•$¢rlb•d by tho Compan￿# Act 2006 In our opinion, basod on the Work undertaken in the course of th8 audSt: the information given in the Trusle8s' Report for the financlal year for which tha financial stalernenls are prepared is consislgnl with the flnancial $1818men15,' and the Trustees, Report has been prepared in accordanc8 wrth applicable 18gal requSrem8nts. M•tt•r• on whlch wo ar¢ rèqulr•d to rfrport by gx¢optlon In the light of our knowledg8 and understanding of the Charity and envlronm8nl obtained In the course of the audit, we have not Identifi￿ materi81 misslal8m8nl8 in the Trustees, Report. We havg nothing ID roport In respecl of the following matters where the Companles Act 2006 r8qulre8 us to report lo you il, in our opinion.. adequatg 8coounllng records have not been kept. or r8lum3 adaquale for audll hav8 not been r8coivgd Irom branches not vlslled by us., or the financlal statements ar8 not in agreement with the accounting records and returns., or certain disclosures of Trustees remun8rolion spacifigd by law are not mada.. or w8 have not received all the Informalion and OX￿&￿8t10ns we requlre for our audll. R•$p¢nslbllltle$ of Tru•te•i As explained more fully in Ihg Statement of Trustees, Responslbllltles (set out on page 201, th8 Trustees are responsiblè for pr8p8rallon of the financial statements and for bolng sallsfled that they give a Iruo and fair vlew, and lor such internal control a5 the Trustees detamilna Is necessary lo 8nabl8 th8 pr8pBratlon of flnancial statements that arè tr88 from moterial mlsslatemenl. whether du lo fraud or error. In pr&paring the financlal slalemenls, the TTLisl8e5 are responslble for 8sses8lng the Charity's abillty lo conbnue as a going concern, disclosing. as applicable, matters Telaled lo going concern and using the going concem basis of accounting unless the Trustees either Intend to Ilquidate the Charlty or to cease operations, or have no realistic alt8rnative bul lo do so. Audltor r•$pon¥lbllltlo8 for the audlt of the financial statements Our objectives are to obtain reasonabl8 assuranc& about whether the financial slat8m8nts as a wholo are free from material misstatement, wh8ther due to fraud or error, and to issue an audltor's rèport that includes our opinion. Reasonable assurance is a high levd of assurance, bul is not a guarantee that an audit conducted in accordance wllh ISAS IUKI will always delecl a materfal misslalemenl when rt exists. Misstatements ¢an arise from fraud or error and are considerod material If, individually or in the aggregate. they could ￿8$OnablY be expected to inlluenca the e¢onomi¢ decisions of users taken on the basls of these financial slalemenls. Page 22 Plymouth Age Concern Independent Auditor's Report to the Members of Plymouth Age Concem Irregularllies, induding fraud, ar8 Instancas of non-compliance with laws and regulations. We design procedures in line with our r8sponsibilili8s. outlined above, to delecl material misstatements in respect of irregulariugs, including fraud. The exl8nl to which our procedur8s are capabl8 of detecting irr8gularilie5, including fraud is detailed below.. We considered those laws and regulations that have a direct impact on the pr8paration of the financial ststemenls. induding, bul not limited lo FRS 102 leffective 1 January 20191 ICharilie$ SORPI, the Companies Act 2006 and the Charities Act 2011. In addition, we considergd provisions of other laws and regulations that do not have a direct effect on the 1Snancial sialements but compliance wth which may be fundamentsl lo the charity's abillty lo operat8 c*r to avoid a matérial penalty. We ev81uat8d managemant's Incentives and opportunities for fraudulent manlpulalion of the financial stal8fnenls (including th8 risk Df ov&rrid& of conlrolsl and determined that the princlpal risk5 rejlalod to fraudulanl financial feporting, in particular to grant funding received. Audit procedures performed by the engagement team Include, bLrt wer8 not Ilmlted to. dlscusslon8 and Inqulrfes wlth management of eompllancg Wlth laws and regulatlons, reviewlng grant fundlng agre8mtsnts, and reviewlng board mlnules and signSficant legal costs Incurred in the year. We also addressed th8 rlsk of managgmenl override ol internal controls, Indudlng lasting of journals and gvalualing wh8lher the￿ was evldence of bla$ by the Trust8es that rgprasented a risk of malerl81 misstatem8nl du& to fraud. Thero are inheront limitstions in the audit procedura8 d8scrib8d above and the furthgr r8moved non-compliance with law5 and regulations is from the events and transactions reflected in the financial $IBtemenls, th8 less Ilkèly we would become aware ol it. Also. the risk of not delecling a m81erlal mSsstalement duo lo fraud Is high8r than tha risk ol not detecting one rgsultlng from arror, as fraud may involve deliborata concealment by, for example, forgary or Intenllonal mlsrepresantatlons. or through collusS0n. BecgUS8 of the inh8fenl15mila15ons of an audit, th8re 15 a rSsk that we wlll not delècl all Irregularltl88, Sncluding those leading 10 a mBlerial misslalemenl In Ime finanaal slalements. This rfsk increases tho further r8moved non-complianco with 18WS 8nd regulauons Is from th9 8venls and transaction8 reflected in the flnancial 8tatem8nts as we are less likely lo b8come 8ware of instances of non-complianc8. The risk ol not dgtecling a material misstalemgnt due to fraud is hlgher thon the risk of not delecllng one resulting from error, as Iraud may Involve dellberale conce85m&nl, collusion, omlssion or misrèpres8ntalion. A further descrfption of our r8sponsibi1Slles 18 av8ilabl6 on the Financial Reporting Council'$ website al-. w￿.frC.O￿g.Uk18￿dItorsre$pon8IbIIitI8s. This description forms part of our audltorfs report. V¥e of our report This roport is made solely lo the charftsble compony's Truste9$, as a body, In accordance whh Chapter 3 of Part 16 of the Compan18s Act 2006. Our audll wort( has been undertaken so that we might ststg to the Charity's Trustees those matter5 wo are required lo stste to Ihem in an auditor's report and for no other purpose. To the fullest extent pèrmitted by 18W, W8 do not accapl or assume responsibility lo anyone other than the charitable Company and its Trustees as a body, for our audit work, for this report, or for the oplnions we have lorm8d. Pago 23 Plymouth Age Concorn Independent Auditor's Report to the Members of Plymouth Age Concem Duncan Leslle (Senior Slalutory Audttorl For and on behalf of PKF Francis Clark. Ststutory Auditor Mel￿11è Building East Unft 18. 23 Royal Willk9m Yard Plymouth Devon PL1 3GW Date.. 12 December 2024 Pag8 24 Plymouth Age Concern Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Totsl Recognised Gains and Losses) Unrejtrlctod funds Restrlcted Endowment fund8 funds Total 2024 Note Incom8 and End¢)wm•nts from: Donations and legacies Charftsble acllvllles Investm8nl incomo Other Incom8 131,695 1,613.771 11,540 20.805 93,549 60.141 225,244 1.673,912 37.524 20,805 25,984 Totsl Income 1,777.811 1 S3,690 25,984 1,957,485 Expondlturo on: Raislng funds ChBritable actfvitles 117.3271 2.109,418 112,1651 55,075 {29,4921 2.346.723 182,230 Total expendlturè G8insllosses on inveskngnl assets {2,126.7451 1182,2301 167,2401 (2.376,2151 19,180 38.197 19.017 Net expendllur• Nat movgm8nl in funds 368.114 28.540 3,059 399,713 l368,1141 128,540) 13,0591 1399,713} R•conclllatlon of fund• Total funds brought forn8rd Totsl funds carrfgd foTrvard 20 776,298 81.574 1.819.807 2,677,679 408,184 53,034 1,816,748 2,277,966 The notes on pages 29 to 49 fomi an integral port of thesg financlal $tatem8nts. Page 25 Plymouth Age Concern Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Ststement of Totsl Recognised Gains and Losses) Unrestr5ctgd funds Rgstricted funds Endowment fund$ Total 2023 Note Income and Endowmonts from: Dona15ons and18gade$ Chantabla activiti8S Investment income Other Income 219,423 752,138 21,657 56,936 570.364 468,707 789,787 1.220,845 48.782 65.597 27,105 8,661 Total Incom8 1,050,154 1.047,732 27,105 2,124,991 Expondlture on: Ralslng lunds Chadlable actfvitles 138,8041 2,292,499 18,093} 58.752 {44,8971 2.351,251 Total expendllur• Gainsllos8os on investrnenl assets 12,331,303) 164,845 {2,396.1481 160,399 79.248 81,151 Nol1oxpèndllure}fincome Transfers be￿88n funds 11,441,548) 20,429 1.047.732 20,429 41.508 {352,3081 Ng1 movemgnl In funds {1,421,1191 1,027,303 41.508 1352.3081 R•con¢lllatlon of fvnds Total lunds brought forward Totsl fur￿8 carried forward 20 1.134.489 117199 1778 299 3 029,987 286.630 1,144.502 1.819,807 2,677,679 All of the Chadly's act1vl￿e5 dorfve from conllnulng op8rallon8 during the 8bove perfods. The funds brèakdown for 2024 and 20231$ shown In note 20. The notes on pagos 29 to 49 fom an intagral part of th8s8 finanrial slat8m8nts. Pege 26 Plymouth Age Concern (Registration number: 01499927) BalanGe Sheet as at 31 March 2024 2024 2023 Not• Fixed ass•t$ Tanglble assets Investments 13 14 1.113,956 1,105,934 2,219,890 1,143,055 1,272,682 2,415.737 Cufrnnt •s$•ts Stocks Oablors Cash at bank and In hand 15 16 2.837 252,994 111.373 2,702 292,733 118,885 414,320 367.204 Cr•dltors: Amounts falllng wlthln on• y•ar 17 309.128 152,378 N•t current as8•ts 58.076 261,942 N•t a•s•ts 2,277.966 2,677,679 Funds ofth• Charfty: Endowm•nt lund• 1.816,748 1.819,807 Restrlct•d Incom• fund• Reslrirted fund8 20 53,034 81.574 Unr•$trlctsd Incom• fund• Unrestricted funds 408,184 776,298 Totsl fund• 20 2.277.966 2,677.679 The nancial statements on pages 25 to 49 were approved by the Trust￿8. and authorls8d for Issue Z.%nd sgned on I￿1r behalf by.. Mcre Trustee halr The M)tss on pages 29 to 49 form an integral part of thes9 financlal ststements. Page 27 Plymouth Age Concem Statement of Cash Flows for the Year Ended 31 March 2024 2024 2023 Notg Ca$h Ilows from op•ratlng adlvltl•s Nèt cash incomel lexpendilurèl Adjustments to Gash flows from non*ash ltsm• Depreciation Investment income Loss on dlsposal of langlble flxed assets Loss on dlsposal of Investments Revaluatson of Investments 1399,713 {352.3081 88,434 137,5241 563 87,227 148,762) 155.835 19,017 1367.2571 1158,0081 Worklng ¢apltal adlu•tmènts Ilncreaselldecfease in stocks D8creas811Sncr8asel in d8blors Incr8aselldeereas81 In cr8dSlor8 15 16 17 1135 39,739 156,750 816 {99.2181 50.079 N81 cash fflows from op8ralirg aclivltias Ca#h flows from Inv•stlng actlvltl•8 Purchase of tanglbl& fixed assets Purcha8e of Investments Sale of Inv88th)ent8 Income from dividends ProcEed8 on sale of tanglbla fixad assets Not cash Ilow8 from Investing act￿1588 Nel decrease in cash and G85h equlvalgnts 170,903 306,489 13 14 163,3441 1124,9871 310.732 37.524 3,446 198.290} 1124,8521 412,563 48,762 163,391 240.183 17,5121 118,885 166.3061 185,191 Cash and cash equlvalents at 1 Aprfl Cash 8nd cash equival8nts at 31 March 111,373 118,885 Ail of the cash flows arg dgrfvgd from continulng operations durlng the al)ov8 tsvo perlods. The notes on pages 29 to 49 fomi an Integral part of Ihese ffinanclal statements. Pag8 28 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 1 Charlty $latU8 The Charity is a company limited by guarantee and does not have a shar8 capital, Every member of the Company undertak8s to contribute to the ass8ls of the Company if rt is wound up during the Period he or she is a member. Of Within one year aftefwards, for payments of debts and liabilllies of the Company contracted before the time at which he or she ceases to be a rnemb8r, and of th8 cosis. charges and expenses of winding up the same and lor Ihe adlustmenls of the righ15 of contributories among themselves, such as amounts a5 may be required not exceeding £1. The company ￿$ registered in England and Wales and Is a public benifit ants'ty. The registered office is 8t The William & Patricia Venlon Centrè. Astor Drive, Mount Gould, Plymouth, PL4 9RD. The reglSter8d number is 01499927. 2 Accountlng pollcl¢¥ Basls of pr•p•rJtlon of fln•nclal ststements The flnancial st8lemenls have been P￿Pared In accordance wllh tho Charolies SORP IFRS 1021 Accounting and Reporting by Charllies: Ststemenl ol R8comm8nded Practice appllcable to chaTtb'es pr8paring their accounts in accordBnce with the Financial R8porting Standard applicab18 in the UK and R8publiG of Ir8land IFRS 102118ff8cliv8 1 January 20191, the Flnanclal Reporting Standard 8pplicable in th8 UK and Republic of Ireland IFRS 1021 and th8 CompanS85 Act 2006. Plymouth Age C¢)ncern meals the deflnilion ol a public bonèfil 8ntity under FRS 102. AsBel8 and 118bilities are Inillally r￿QgnISed al historical cost or transaction value unl8SY Othe￿1¥& slatèd Sn the relovanl accounting policy. Th8 presentallonal ouffency Is pounds sterllng and th8 flnandal statements are rounded to thg nearast £. Golng conc•rn The Trustees have revSewed the circumstances of the Charlty ond consld8r that there are adequate résources to continue ils op9rations for the fors88able future. As a result, ihg Trusteès hav8 contlnued to adopt the golng concorn basis of accountlng in preparlng tha Ilnancl813tstem8nts. A fvrther revlew of the gling concérn statu5 of the Ch8rlty is localad within the Truslaes, Report. Income l income Is recognised once thg Charlty has gntilement to th8 In¢ome, Itlg probable that the Income 11 be recelved and the amount of Income recelvable can bo m88sur8d rèllably. Grants are induded in the Stalèmenl of Financial Activities on a rec9ivable basis. Th8 balance of Income received for 8p8clfic purp058s bul not expended during the period is shobvn in the rolevant funds on the Balance 5ho91. Where income is received in advance of gntillemenl of rec81Pt. its recognition Is deferred and included In creditors as deferred Incomo. Whare entluement o¢cur5 before income is received, the income Is accrued. Other in¢om8 is r&cognis8d in the ￿rIOd in which it Is rac8ivable and to the extent the goods have been provided or on ¢ompl&lion of the s8Tvice. P8ge 29 Plymouth Age Concem Notes to the Financial Statements for the Year Ended 31 March 2024 Donatlons and legacles Oonalions are rècognised when the Charity has been notifi8d in writing of both the amount and gettlement dale. In the event that 8 donation is subject to condrtlons that require a level of perfomance by the Charity before the Chority Is enlilled to the funds, the Income is deferred and not recognlsed until eithar Ihos9 conditions are fully mel, or the fuifilmenl of those condllions is wholly within th8 control of th8 Charity and il Is probable that th8sa condllons will bg fulfillgd In the repo￿ng period. The recognlllon of Income from legades Is dependent on 8StablSshing entlttem8nt. thè probabilty of receipt and tha 8bllily lo estimotg wth sufficient accuracy th8 amount receivable. Evidence of enli118menl to a legacy exists when the Charity has sufficient evidence that a gift has been left to them Ilhrough knowledge of the existanca Df a valld will and the death of the benefactor) and tha exaculor Is satisfied that the property In quesllon will not be required 10 Satisfy clairns in the eslale. Rèceipt of a 18gacy musl ba recognised when It is probabl8 that11 will be received and the fair value of the amount r8ceivabl8, which will generally be the expected cash amount lo be distributed lo the Charity, c8n be reliably measured. Gov•rnm•nt Grants Govemment grants are credited lo the Statemgnt of FSnanclal Actlvltles as the related expendSlure Is Incurred. D•tsrr•d In¢om• Dèfèrred incom8 r8prgs&nts amounts r8celv8d for futur8 periods and is releo88d to incoming resources In th8 P9riod for whlch. It has been received. Such income18 only def8rr&d when.. The donor specifies that the grBnt or don81ion musl only ba used in future accounting pgdods.. or The donor h88 Impoged conditions whlch must be met before the Charity has uncondllional enllllemenl. Investment Income Interest on funds held on deposS1 is Included when receivable and the omount oan be measured reliably by the Charily,. this is normally upon nolificalion of the interest paid or payablg by the bank. Dividends are r8cogni$8d once the dlvidend has been declared and notificatson has been feceived of the dlvldend due. Income tax rècov8rabl8 Sn rdallon to Investment Incomè Is r*eognlsgd al tho Ilme the Investment income is r￿e1vable. Page 30 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 Expondlture Expenditure Is recognised once Ihgr8 is a legal or constructive obllgatlon to transfer economic b8neflt lo a third party, li is probable that a transfer of economic benefits will be required in setuement and th8 amount of the obligation can be measured reliably. Expenditure is clagslfled by activlly. The costs of 88ch activity are made up of the lolal of direct costs and shared costs, including SUPPOrt costs Involved in undertsking each activity. Direct costs attributable to a single acliviiy are allocated directly lo that activity. Shared costs which CDnlribule to more than C•n8 aetivily and support cost5 whlch ar8 not allribulable to a single activity are apportion8d befv4een those aclNlties on a b84s consistent wllh the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the proportion of the assevs use. All expenditur8 Is Inclusive of Irr•coverablg VAT. R•lslng funds Expenditur6 on raisSng funds Inclurt8s all expendllure incurred by Ihe Charity to Taise funds for its charitable purposes and includes costs ol all fijndraising activities events and non-chadtable Irading. Ch•rltabl• act1v1￿¥ Charltablg expendrturo comprises thos8 costs Incurr8d by the Charlty In the dellvery of Its 8CtlvllSe$ and seNic•s for ils b8neficiarles. It includ88 both costs that can be allocated dlr6clly to such act￿1118$ and those costs of an Indirect nature necessary to support them. Support ¢o•ts Support costs Indude centr81 functlons #nd h8V8 been allocatèd to acllvlty cost categorias on a basis conslstent wllh tha use of resourcgs, for exampl&. allocating propety costs by floor ar¢as, or per pila, staff cos18 by the Ilme spent and othèr c08ts by thoir usage. Gov•mance cost8 These Include the costs attrSbulable lo the Charitvs compliance with constslutsonal and statutory requlrements, Includlng BLKlIt, Slraleglc management 8ThJ Trustees mgefings and relmbursod expenses. Tanglblo flxod assèts Tangible fixed assets ¢ostiThJ £500 or more ar8 capilallsed and recognisgd uthen future economlc benifits arè probable and the cost or value ol the a58el Can b9 measured r8llably. Tangible fixed assets are Initlally recognlsed at COSt. After r8cognltlon, under the cost mod81, tsngilblo fixed assets are measured al cost less accumulal8d d9pre￿atIOn and any ac¢umulaled impairnient losses. All costs incurred lo bring a tangible fixed asset into 115 intended working condition should be Induded In the mgasuremenl cost. DeprÈclatlon D8preciation is provided on tsnglble fixed ass&ts so as to write off the cost or valualSon, lass any estlrnated residual valug. ov8r their expected useful economic l¢fe as follows= Pagè 31 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 Asset class Dopr•cSatlon m•thtxI and rat• 2Y¢ slraighl line on buildings. Dvo on land 150A straight line 15'1D to 300k reduclng balance Freehold prDParty Motor vehicles Fixtures and fittings Flxgd 9$sgt Invgslm8ntS Flxed ass81 Investments 8re 8 fomi of financlal In8lnJment 8nd ar8 Inltlally recognlsed 8t thelr transaction cost and subsequently measured al falr value al the Balance Sheet dale. unless the value cannot be measured reliably in which case il is meaSU￿d al cost18ss impairment. Investment gains and losses, whether realised of unrealised, are combined and presented as 'GainsllLossesl on investments, in the Statement of Financial Acts'vits'os. Investment8 in subsidi8ri98 are valugd at cost lfrss provlslon for ImpolTmgnt. Stock Stocks are valued at the lower ol cost and net r8allsable value 8ft8r making due allowances for 8bsol8te and slow-moving stocks. Cost irtcludes all direct Costs ind an appropriate prot)ortion of fixed and variable overheads. •sh at bank and In hand Cash at bBnk 8nd In hand Includ8s cash and short-t8rm hSghly Ilquld Inv8Stments wlth a short moturlty of Ihreg months orlgss from the data of acquisition or opening of the deposit or similar account. Uabllltl8s and provlslon Llabllilles are recognSsed when Ih8r8 Is an obl￿allOn al the B81anc8 Sheet date 8s a r08uII of a pasl event, il Is probable that a transfer of gconomic bgneflt wlll be requlrad In sgttlemenl. and th8 amount of the settlement can be eslimaled reliably. Ll8b51itl8s 8r8 r8cognls8d at th8 amount that the Charity anlScSpal&s it will pay to settle the debl or the amount il has rKeivod as advancgd p8ymanls lof the goods or $8rvicos St must provid8. Provlslons are measured al Ihe best estimate of th¢ amounts rgquSred tQ $gtt19 the obllgallon. Whgrg the effect of the fjme value of money Is materfal, the provlslon is based on the present V8lu8 of those amounts. dlscounled al the pre-tsx dlscount rat8 that r8flecls the risks speclfic to the Ilablllty. The unwinding of the discount18 recognised in the Slalement of Fin8ncial A¢livitie8 as a finance cost. Penslons The Ch8rlty operates a deflned contrlbutlon penslon scheme and the penslon charye represents the amounts payable by the Charty lo the fund In r8sp8cl of the year. Fund accountlng Gener81 lunds are unrestrlcled funds whlch are available for use at the dlscretion of the Trustees Sn furtherance of the general objectlves of the Charity and whSch have not been ¢Je8lgnaled for olher purposes. P8ge 32 Plymouth Age Concern Notes to the Financial Ststements for the Year Ended 31 March 2024 Designal8d funds cornpri5e unrestricted funds that have b8en sel aside by the Trustees lor particular purpos8s. The aim and use ol 8ach designated fund is sel out in the notes lo tha financial statements. Restricted funds are funds which are lo be used in accordance with specific resthclions imposed by donors or which have beèn raised by the Charrty for particular purposes. The costs of rai51r￿ and administering such funds are charged againgt the specific fund. The aim and use of each restrictsd fund is set out in the notes lo the financlal $tsl&m8nls. Invastrnenl Income, gains and losses are allorAled lo the approprlate fund. Flnan¢lal Instrumonts Classlffcatlon Flnancial assets and flnancial liabilltfes are recogni88d whgn the Charfty becomes a paty to th8 contractual provisions of the Inslrum8nt. Financial Ilabilltles and 8quIty Instruments are classrfled 8ccording to the 8ubst#nce of th8 contractual arrangements enlgred into. An equity Instrument 1$ any contract that evld8nces a resldual interosl in thg assets 0% the Charity after deductina 811 of119 liabilllies. Rocognltlon and mgasuremont All financlal assets and liabiliti88 are Inltlally m8asur8d at Iransacllon pdce Iln¢luding transaction CO8lsl, axc8pI for thos8 financial assÉTrts dassified as al fair value through profit or loss, whlch are Inlllally mgasured al fair value (which is nornially thg transacllon prlce 8xcludlng transaction costs), unless the arrangement conslitules a ffinandng Iransacllon. If an arrangement constilules a financing transaction, the financial 8s861 or fin8nd81118bllity 1$ measurgd al th8 present value ot the future payments diycounled at a market rale of Interest for a similar d8bl Inslrumenl. Flnanclal assets and Ilabilitles ar8 only off881 In the st818ment of flnanc181 posltlon when, and only when there exists a18gally enforceable rlght to 88t off the recognlsad amounts and the Charlty intends ellher to settl& on a net basls, or to reallse the ass81 and 88tt1a the liability slmultaneously. Financial assets are dere￿nised when and only when al the contractual rights lo the cash flows from the financial assel expire or arg settled. bl thfr Charfty Ir8nsf8rs lo another porty sub51anlSally all of the risks and rewards of ownership of the fln8nc181 asset, or cl the Charity, despite having rgtained some, bul not 811. slgnlficanl rf3ks and rewards of ownershlp. has transtsrred control of the assel to another poty. Financial Ilabil￿[8s arè d8recogr)i58d only when the obligation specified in the contract is discharged, cancelled or expires. Page 33 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 Critical accounting ￿tIma￿S and areas ofludgomont Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expecl81ions of future events that are ￿li0Ved to be reasonable under the circumstances. Crltic81 accounllng 8sUmat8s and assump￿on8'. The preparation of the financial slalements requires management to make judgements, estimates and 8ssumptions thot effect the amounts reFX)rted for assets and liabilities as al the balance sheet d8te and the amounts reported for revenues and expenses durfng the year. However, the nature of 98Umallon means that a¢lual outcomes could dlffer from Iho&s esllmales. WhSlst there Is a level of 8gsumpt5on Sn Ih8sè ludgemènts, th8 Trustè06 f881 th8se are unllkely lo have a significant 8ffp¢l on. or caiis8 malerlal error lo the amounts r8cognised in the financial stst8ments. Management ex8rcl8e ludg&menl In the recognlllon of Income from legacle8. Judgement IS 8ppll8d lo eslabli8h entitlement, the probability of receipt and the ability to estlmalo vAlh 8ufficlent accLbracy the amount r8celvabl8. 3 Incom¢ from donJllon$ •nd l•g•GI•$ Unr••trl¢tod fund• General R••trlct funds Total 2024 Total 2023 DonatSons from Indlwduals Legacies Grant8 51,121 80.574 51.121 80.574 93.549 225,244 19,802 199.621 570,364 789,787 93,549 93,549 131,695 P>Je 34 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 Income from donallons and legacAes of £131.69512023'. £219,423) is unrestricted and £93.54912023'. £570,364) rgstricled. 4 In¢om• from charrtabl• •ctivltle8 Unrostrlct•d lund$ Gon•ral R•strlctad fund$ Total 2024 Total 2023 Care services Short temi care centre 1,183,248 430,523 32,141 28.000 1,215,389 458,523 682,081 538,764 1,613,771 60,141 1,673.912 1,220,845 Income from charft8ble activitias of £1.613,771 12023.. £752,138 1 Is unrestriclad and £60,141 12023.. £468,707) reslrictod. S Investmont In¢om• Unr••lrfct•d ftind8 Gonoral Endowm•nt funds Expendabl• Total 2024 Total 2023 Income from Ilsted Investments 11,540 25,984 37.524 48,762 Income from Invoslments of £11,540 12023. £21,657) 13 unrestrfclod and £25.984 12023.. £27,105) endowrnenl lunds. 6 Other Income Unrgstrlctsd lundi Gonfrral Total 2024 Tolal 2023 Rental and other income 20,805 20,805 65,597 Other Incorne of £20,80512023.. £56,936} Is unrestricted and £nil12023'. £8,661) Is restdcted. Pagg 35 Plymouth Age Concem Notes to the Financial Statements for the Year Ended 31 March 2024 7 Expgndlture on ralslng fund¥ al Costs of tradlng aGtlvltks Unr•strlct•d funds Gongral Endowmont funds Expendable Total 2024 Total 2023 Fundralslng 14,351 6.093 20.444 32,502 14,351 6.093 20,444 32,502 £14,351 12023.. £32.5021 of the abovè exp8ndllur8 was 8ttrlbulabl8 lo general unreslrlcted funds and £6,09312023.. £nill lo ondowment fund8. b) Inv••tm•nt mJn•g•m•nt costs Unr•$trlctsd fund G•n•ral Endowm•nt funds Exp•ndabl• Totsl 2024 Total 2023 Inv88tmenl management lees 2,976 2,976 ,072 9.048 12,395 £2.976 12023.. £6,302) of the above expendllure w8s attrlbulable to gèneral unrestrlclad funds and £6,07212023.. £6.0931 to endowment funds. 8 Expendlturo on chgrltsbl• acllvltlas Unr•strlct•il funds Ggn•rg1 Endowmont fund$ Expendable RMtr)ctod funds Totol 2024 Not• Staff costs lO￿ted support costs Govemance costs 1,678.236 139,068 1.817.304 401,763 29,419 2,109,418 43,162 55.075 500,000 29,419 182,230 55,075 2,346,723 Page 36 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 Unrutricted funds G•ngral Endowment funds Expondable Total 2023 Staff costs Allocated support Costs Governance cosls 1,605.448 661.351 25,700 1.605,448 720,103 25,700 58.752 2,292,499 58.752 2,351,251 Afialysls of support costs A¢tlvlty support 2024 2023 DeprgGSallon Equipment purchases and malnlenanc8 Pdnllng. postag8, si8Uon8ry and advartlslng Finanryal and admin costs Premi885 costs Loss on dlsposal of Ilxed gssa15 88.434 76.112 25,497 28,091 281,303 563 88,434 76.112 25,497 28.091 281.303 563 87.227 71,597 18,817 6.897 535.565 500,000 500,0(y) 720.103 9 Analy•l• of gov•man¢• eo•t• Gov•rnanc• Costs Unrestricted funds G•neral Total 2024 Total 2023 Audit fees Audit of the financial statements Other fees paid to auditors L8gal fees 15,000 4,568 9,851 15,000 4,$68 9,851 29.419 12,000 1,540 12,160 25,700 29.419 Page 37 Plymouth Age Concem Notes to the Financial Statements for the Year Ended 31 March 2024 10 Staff costs The aggregate payToII costs w8r8 as follows.. 2024 2023 Staff costs durlng Iho year wor•: Wages and salaries Social security costs Pension costs Other stsff costs 1.648,760 96.923 26.105 45.516 1,361,281 73.351 20.386 150.430 1.817,304 1.605.448 The monthly av6rage numbar of persons Ilncludlng senlor management I leadership leaml employed by tha Charity durlng Ihg year expr8ssed as full fjme 8quival8nts was 88 follow8.. 2024 No 108 2023 Average Employees 99 Th8 number of employges who$0 omalumgnts f611 wlthln the foliowlng bands was: 2024 No £60,001- £70,01)J The lotsl employee benefi15 of the key management personnel of the Charlty wer8 £387,541 12023 - £194,676). 11 TNst••• r•mun•rntion und •xponso• No Trustees, nor any per8on5 connected with th•m, have received any femuner8tSon from the Chadty during the year. No Iru51ees have receiv8d any reimbursed 8xpenses or any other benefits from the charity during the year. 12 Tixatlon The Charty is 8 reglslered charity and Is therefore exernpt from taxation. Pag8 38 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 13 Tanglble flxed ass•ts Land and Furnlture and buildlngs equlpmènt Motor v•hicl•s Total Cost At 1 April 2023 Additions Disposals At 31 March 2024 3,191,603 S55.177 63,344 37.6771 24,710 3.771,490 63.344 37,677 3,191,603 580,844 24,710 3,797,157 Dopr•clallon At 1 April 2023 Charge for the year Eliminalad on disposals At 31 March 2024 2,199.276 58.976 419.042 27.269 33,668 10.117 2,628.435 2.189 88,434 33.668 2,258.252 412.643 12.306 2,683,201 Not book valu• At 31 March 2024 933,351 168.201 12.404 1,113,956 At 31 March 2023 992,327 136.135 14.593 1,143.055 The cost of land and buildlngs indudes non-depreci8ble land of £510,000 12023.. £510,000). Tha 8mount held on capitsl funds al the year gnd is the nel book value of freehold land and bulldlngs known as the WIIHam and Patricia Venton centre of £933,351 12023.. £992,327). Thls valug was calculated by an indep8ndent surveyor In April 2019 8nd an Imp8lrm8nl adlustment was mad8 in the 2020 Accounts to r8cognls8 the d8cre880 Sn the bulldlng's falr value. 14 Flx•d au•t Inv•stm•nts 2024 2023 Shares In group undertakings and partlclpatlng Interests Llsted Investments 1,105,933 1,272,681 1,272,682 1105.934 P8g8 39 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 shar￿ ID group undertakings and participating interosts Subsldiary undertakings Total Cost At 1 April 2023 At 31 March 2024 Net book value Al 31 March 2024 Al 31 March 2023 U¥t•d Inv•strn•nl• Llsted Inv••tment% Total Cost or Valu•tlon At 1 Aprll 2023 Revaluation Addlllons Dlsposals Al 31 M8rch 2024 1,272,682 1.272,682 19,016 19.016 124,967 124.967 1310.7321 310,732 1.105.933 1,105.933 Not book valu• Al 31 March 2024 1 105933 1 t05 933 At 31 Ma¥¢h 2023 1,272,682 1,272.682 D•t•ll$ ol und•rt•klng• DgiBlls of th8 Inv8Stmenls Irb whlch th8 Charfly hdds 20% or m¢xe of Ihfr nominal value of any class of share c8pltal are as follows.. Country of Incorporatlon Proportlon of votlng rfghts and $h•r•$ held 2024 2023 Prln¢lp•l actlvlty Und•rtaklng Holdlng Sub¥ldSary undertaklngs England and Wales Plyrnoulh 50+ Ltd Ordinary 100% 10010 Domiant Company Page 40 Plymouth Ag8 Concern Noles to the Financial Statements for the Year Ended 31 March 2024 15 Stock 2024 2023 Stocks 2,837 2,702 16 Debtorn 2024 2023 Trade debtors Prepayrnenls Accrued income Other debtors 229.214 17,254 5,412 1.114 76,001 20,608 195,197 927 252,994 292,733 17 Cr•dltor•: amounts falllng du• wlthln on• yoar 2024 2023 Trade cr8dilors Other taxation and Sodal 5gGurily Other creditors Accruals Deferred Incomg 106,770 22,754 7,645 21,258 150.701 309,128 12,777 21,880 2,501 17,081 98.139 152,378 2024 2023 Deferrgd Income al 1 Aprfl 2023 Resources deferr8d Sn th8 perfod Amounts released from prevtous perfod8 Deferred InGoma at year end 198,1391 1 SO,701 98.139 {90.7201 98.139 90.720 150.701 98,139 The deferred in¢ome balonc8 r8lates to car8 services contract income rgG8ived in 8tJv9nce. 18 Obllgatlon8 under1oaJ•s and hlrg purchase contracts Oporatlng l•a$e eommltments Total future minimum lease payments under non-cancellable opera￿ngle8$e8 are as follows.. Pag6 41 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 2024 2023 Other Within one ￿ar Ba￿en on8 and five years 5.438 8.504 7.001 12,633 13.942 19,634 19 P•n8lon and other schemos Dofined contrlbutlon pen$lon •¢h•m• The Charfty op8rat8s a deflned contribution pansion sch8m8. Th8 pension cosl charg& for thè year r8pres8nls conlributlons payablg by the Charlly lo Ihe scheme and amounted lo £26.105 12023 £20,386). Contributions lotallng £S,133 12023 - £nlll were payable lo the scheme 81 th8 ènd of the year and are included in cradrtors. Page 42 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 20 Fundy 84lanco at 1 April 2023 Balanco at 31 Mar¢h 2024 Gainsl Ilo$$•Jl Income Expendlture Unrestricted fund8 Genor•l General Funds 584.339 1,777,811 12,111,026) (19.1801 231,944 Deslgnated Mount Gould rofurblshmenl 191,959 15,719 176,240 Total unre•trlclod fund• 776,298 1,777,811 2,126.745 19.180 408.184 R•strl¢t•d fund• National Grld- Communlly Matters other restdcted proleclg R8Strlcled fund8 spent cn flxod assets Independent Age Cost of Livlng Dlscharg8 Contracts C08101 LivirrfJ Response Fund Plymouth Veterans Club Sky Community Fund Regi-mental Wellbelng Club National Grld- Communlrty Matters Health & Wellbeing Donation Wailrose HS8C DDC Refurbish dining room Welcome Spaces Screwfix Foundatlon Day Centre Nomian Family Charltable Trust STCC MaSntenance Fund Well Bging Hub 5,078 2.689 11.835) 12,5401 3,243 149 15.066 13,258) 11,808 11,070 36,651 20,000 12,960 125,7171 147,7361 5.353 1.875 10.000 1.020 22,500 127,500} 11,0201 {2,0011 5,000 2,500 499 32,836 127.6361 5,200 3,929 13,9291 400 1288) 112 259} 13,4001 225 3,400 5.000 15.0001 2,500 28.000 19,181 12,483} {8,4471 19,181 17 19,553 Total restricted funds 81,574 153,690 182,230 53,034 Page 43 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 Balanc• at 1 April 2023 Balanc• Al 31 Ma￿h 2024 Gainsl Ilossos) Incom• Expondltur• Endowmenl fund# Expendable Endowment Fund 1.819.807 67,240 167,240 38,197 1,816,748 1,816,748 2,277,966 1,819.807 2,677,679 25.984 38,197 Total fund$ 1,957.485 2.376,21S 19,017 P&Je 44 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 Th8 SP8crfic purpos&s for which the funds are lo be applied are as follows.. Designated furKIs £176,240 has been designated by Trustoes from unrestricted funds for th8 refurbishment of the Mount Gould premisas. The closing position ￿preSentS the net book value of the assets at the year ond. Endowment funds The net book value of the Wllllam and Patrda Venlon Cantre Is induded under Endowment lund8 as It W88 part ot thé orfglnal glft, along wth the Brewin Dolphin investmanl portfolio value. R8slrict8d funds National Grid Community Matters - This Fund was recelved from National Grid Electr￿lty Distribution In respect of their Community Fund 10 5UPPOrt our Active Living Project. Independent Age Cost of LivSng - this fund represents money recglved lo fund a mgmber of staff wllhln th8 I&A team. Morrlsons- this fund was r8celYed from Morri8ons for aclivilie8 at the Dementia Day Cenlre. Dischargo Pilot- This represents funding from PCC lo on8￿8 tha support of discharges from Hospital with tha aim of reducing pressures faced by th8 NHS, fr88ing up domicllSary care workers 8nd SUPPQrting patsenls lo retum lo Sndepondanl livlng. Sky Community Fund - Ihys fund reprgsents monles rocèbv&d for plonters for the garden and other gardèning equipmenl from Sky. R8gl Mental W8llb8lng Club- Ihls fund rec81v8d from Th8 Amed Forc88 Covenant Fund Tru8t, allow5 us to run our wellb&ing veterans project lo enable social eng8gem8nl, reduce longlin8ss and supwt with mental health. Nallonal Grld Communlty Matters cenlrgs. Ihls r&pre88nl$ fundlng recefved tOW8rds actlvlUè$ In both day Plymouth Veterans Club Ihls ropr8sents fundlng from the Amigd Force5 Cov8nanl Trust Fund in continLJalion 10 5UPPOrt projects that 8ngag8 with SSASA. RBL andlor other local armed forces charllle8. Indoor Garden - this money was received from Seed of Change for the Indoor Garden and activille8 ¥urroundlng Ihls at Ihe Day Cenlre. PIyTnouth A81or Trust- This fund was recelved lo ￿ntribUte towards gardenSng equipment. Winl8r Health Costs This fund recelved from AGE UK to provide non&8xisting clients wth a more hdistic setViC8 and to thos8 could be In d8SP8rale n&gd of support. Cost of Living- This fLbnd 18 receivgd from AGE UK lo fund staff who provide support lo those with th8 rl8ing cost of livlng. 45 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 W81tr08& Health & Wellbelng - Ihls represents funding towards our Indoor Garden at the Day Centr raceivtsd from Wailrose. HSBC DDC Refijrb Dining Room - this fund represents monies received from HSBC lo help refurbish to dining room at the Dementia Day Centr6. Welcome Spaces - thSs rfrpr9s9nts monlos r9¢8￿9d from PCC lo provlde a welcome space In the dty. Screwfix Found8llon Day Contr8 - this fund repr8s8nlg monies roceived from Screwfix towards the refurbishTnenl ol the b8lhroom and toilets at the Day C8ntre lo be able lo m88t the dients. personal n8eds durfng their visits with us. Norman Famlly Charitabl& Trust - This fund received from The Norman Famlly Trust was used to assist with the purchasg of ngw chairs for the Day Centrg. STCC Malnlenanr* Fund - This raprasgnts funds r8c4lv6d from PCC for tha r8palr8 and malntsnance of the Short-Term Care C8ntro. W611 Being Hub - this represonts monies reC￿Ved from PCC to fund the W8llb8ing Hub advisor for 2023124. Pag6 46 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 8alance at 1 April 2022 Balanc• at 31 March 2023 Tran$fors inlout Galnsl (loss•sl Income Exp•ndlturn Unrestricted funds Genernl Genèrèl Funds 925,825 1,OSO,154 11.251,6701 20.429 1160.399) 584.339 D8Slgnatsd Mount Gould refurbishment 208.664 16.705 191,959 Total nr•strl¢tsd lund$ 1 134,489 1,050.154 1,268,375 160.399 776,298 Re•trictod Funds NaJonal GrSd- Community Matters Edward Gosuing Foundation The Nalionol Lottery Wesler Power Dislrubllon ¢)ther restricted projects Restricted funds sp8nl on fixed asse18 Indepgndent Age Cost of Livlng Dlscharge Contracts Cost of LNlng Responsa Fund Phone Friends - Community Plymoulh Veterans Club HSF Grant Wellbeing Hub 9.608 14,5301 5.078 19,000 119,000) 22,955 122,9551 3,820 2,500 {2,5001 13.8201 21,983 11,432 124,8981 15,8281 2,689 19,402 14,336) 15,066 20.OCQ 18,930) 11,070 468,707 {432,056) 36,651 10.000 10.OLY) 12,757 {1.9761 110.7811 15.590 476,000 14.895 123.6331 1476,6551 41.459 1,020 655 26,564 Page 47 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 Balance at 1 Aprll 2022 Balance at 31 March 2023 Transtsrs inlout Gainsl IlossoB) Incomo Expondltui• Total reBtrlctsd funds 117,199 1.047,732 1.062,928 20,429 81,574 Endowmont fund8 Endownm•nt Funds Endowment Fund 1.778,299 27.105 64,845 79,248 1.819,807 Total •nd¢>wm•nt funds 1.778,299 27,105 64,845 79.248 1,819,807 Total lund• 3.029,987 2,124.991 2,396,148 81,151 2,677,679 21 AnalyslTs of n•t botw••n fund• Vnr•strlct•d funds R•Jtrlctsd funds End0V￿ant fundg Total funds 2024 Tangible fixed assets Flxed asset invesimenls Current 8ss6Is currgnt11obllltios 164,959 185.149 367,204 309,128 11,745 41.289 937.252 879,496 1,113,956 1,105,934 367,204 309,128 Total nel assets 408,184 53,034 1,816,748 2.277,966 Unr•itrlcted fund R•$trbct•d funds Endowment fund8 Totsl funds 2023 Tangibl8 fixed 8s88ts Fixed asset Investments Current assets Current liabiliti 135,662 445,202 347,812 152,378 15,066 992,327 827,480 1.143,055 1,272,682 414,320 152,378 66,508 Total net assets 776,298 81,574 1.819,807 2 677 679 22 An•ly8ls of fvnds At 1 April 2023 Flnanclng At 31 March cash flows 2024 Cash at bank and in hand 118,885 7,512 111 373 Nel cash 118,885 7,512 111,373 Page 48 Plymouth Age Concern Notes to the Financial Statements for the Year Ended 31 March 2024 23 R•lat•d party transactlons There w•r8 no r8lat8d party transactions In th8 yoar. Pag& 49