## **AGE UK LEWISHAM AND SOUTHWARK**
## **Report and Financial Statements For the year ended**
**31 March 2025**
**Charity No. 296862**
**Company No. 2118525 (A Company Limited by Guarantee)**
|**Contents**|**Page**|
|---|---|
|Company Details and Advisors|3|
|Report of the Board of Trustees|4|
|Independent Auditor's Report|16|
|Statement of Financial Activities|19|
|Balance Sheet|20|
|Cash Flow Statement|21|
|Notes to the Financial Statements|22|
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## **Company Details and Advisors**
**Age UK Lewisham and Southwark** exists to improve the lives of older people in the London Boroughs of Lewisham and Southwark, working towards a future in which older people are valued, safe and empowered to make choices about their lives.
**Members of the Board of Trustees** , who are Directors for the purpose of Company Law, and Trustees for the purpose of Charity Law, and who served during the year, were: Ray Boyce – Resigned December 2024 – (Chair to December 2024) Dr Shelina Thawer (Vice Chair) Philippe Granger (Treasurer) / (Chair from March 2025) Dr Nicky Ryan – Resigned May 2025 Maria Kogkou John Hodgett Katherine King Marcia Purnell – Appointed December 2024 Romy van Es David Murray –Resigned March 2025 (Chair Dec 2024 – March 2025)
**Chief Executive:** Ross Diamond to April 2025 / Christopher Price from June 2025
The Trustees are provided with induction on joining the Board, and offered relevant training during their tenure as Trustees of Age UK Lewisham and Southwark.
## **Age UK Lewisham and Southwark is a registered Charity (Charity No. 296862) and a Company Limited by Guarantee (Company No. 2118525)**
**The Registered Office** is 11 Scovell Road, London SE1 1QQ
**Auditors** : Goldwins Limited, 75 Maygrove Road, West Hampstead, London NW6 2EG
**Bankers** : National Westminster Bank plc, 10 Southwark Street, London SE1 ITJ
**Age UK Lewisham and Southwark is a Brand Partner of Age UK England** : 7th Floor, One America Square, 17 Crosswall, London, EC3N 2LB
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## **Annual Report of the Board of Trustees for the year ended 31st March 2025**
The Trustees, who are also directors of the Charitable Company, have pleasure in presenting their Annual Report and financial statements for the year ended 31st March 2025. The Trustees confirm that the financial statements comply with current statutory requirements, the Memorandum and Articles of Association, and with the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP), which is applicable to charities preparing their accounts in accordance with FRS 102.
**Age UK Lewisham and Southwark** exists to improve the lives of older people in the London Boroughs of Lewisham and Southwark, working towards a future in which older people are valued, safe and empowered to make choices about their lives.
## **Our Mission**
Age UK Lewisham and Southwark aims to empower and enable older people to lead fulfilled lives by:
- Providing services and support that address poverty and isolation
- Protecting the human rights of local older people
- Promoting health and wellbeing
- Connecting older people with their communities
- Working positively with partners across all sectors
Our work is shaped by **our values:**
- We recognise older people as individuals with diverse talents and needs
- We are fair and equal as service provider, employer and partner
- We are opposed to ageism and discrimination in all forms
- We are collaborative in our approach to work
- We are a dynamic, credible, trusted and sustainable organisation
## Our **Strategic Aims** are
- To deliver services that people want and need
- To proactively identify and respond to local needs
- To maintain and increase the resilience of Age UK Lewisham and Southwark
The **charity's legal objects are** : to promote the following purposes for the benefit of the public and/or older people in and around Lewisham and Southwark: -
- Preventing or relieving the poverty of older people
- Advancing education
- Preventing or relieving sickness, disease or suffering in older people (whether emotional, mental or physical)
- Promoting equality and diversity
- Promoting the human rights of older people in accordance with the Universal Declaration of Human Rights
- Assisting older people in need by reason of ill-health, disability, financial hardship, social exclusion or other disadvantage
- Helping families and carers of older people
- Working with statutory and voluntary agencies
- Such other charitable purposes for the benefit of older people as the Trustees may from time to time decide.
These Objects are as stated in our Articles of Association, which were last updated in 2021.
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## **Ensuring our work delivers our purposes and aims**
The charity continues to develop effective ways of serving older people, including preventive activities and services to support healthy ageing. It supports the local voluntary sector, and engages in joint planning for, and influencing of, local services with both statutory and voluntary organisations. In reviewing our aims and objectives, and in planning our future activities, the Trustees refer to the Charity Commission's general guidance on public benefit. In particular, the Trustees consider how planned activities can contribute to our aims and objectives in compliance with Section 4 of the 2006 Companies Act.
To ensure that our services can benefit those older people with the greatest need, we accept referrals from a variety of sources. We also take every available opportunity to publicise our programmes and to provide holistic support for older people through collaboration with other organisations.
The section that follows outlines how the charity sought to meet its charitable Objectives, in line with the Age UK Lewisham and Southwark Strategic Plan 2022-2025. Age UK Lewisham and Southwark is also producing a fuller version of the “Achievements and Impact” section of this report in a separate document.
## **ACHIEVEMENTS ANDIMPACT 2024-2025**
During the year we supported over 5,000 individuals across Lewisham and Southwark.
## **1. Information and Advice**
We delivered AQS accredited advice and information to older people in both Lewisham and Southwark.
- In Lewisham we assisted 346 clients, carrying out 249 home visits, 121 office appointments, 79 phone appointments and 8 drop- ins
- In Southwark we assisted 514 clients, carrying our 489 home visits, 67 office appointments, 52 phone appointments and 59 drops ins
- In Lewisham we helped residents secure at least £4,720 in additional weekly income (an annual income boost of £245,440)
- In Southwark we helped residents secure at least £7,858 in additional weekly income (an annual income boost of £408,616)
- We helped Lewisham residents secure one-off increases/grants/rebates worth over £59,400
- `o` We helped Southwark residents secure one-off increases/grants/rebates worth over £62,350
## **2. Ageing Well Southwark**
Our Ageing Well Southwark contract with Southwark Council enables us to deliver a range of support and advice to older people, working in partnership with Council colleagues and our COPSINS partners who are:
- Blackfriars Settlement
- Link Age Southwark
- Southwark Carers
- Southwark Pensioners Centre
- Time and Talents
During the year the partners collectively:
- Actively supported 1,723 older residents and carers of older people (including via home visits and other personalised support) to explore their needs and aspirations and support to help access services provided by COPSINS and elsewhere
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- 531 older people supported to maximise incomes, bringing in an additional £790,965.40 into the borough
- 18,196 attendances to 2,119 activities and events provided to improve mental and physical wellbeing
- Referred 475 older residents and carers of older people to voluntary sector organisations and services
- Gave signposting information to 2,068 older residents and their carers to enable them to contact other agencies and services themselves
The contract also funded a wide range of befriending and carers support services provided by COPSINS partners, but not directly by Age UK Lewisham and Southwark.
## **3. Community Connections Lewisham**
Community Connections Lewisham is a preventative social prescribing/community referral project, which works to improve the health, wellbeing and happiness of Lewisham residents aged 18+. During the year Community Connections Lewisham:
- Worked with over 2,300 residents on over 3,950 support cases
- Advised over 360 professionals looking for appropriate support for their clients
- Made over 12,700 signposts and referrals to over 1,000 services, support, activities and groups operating across Lewisham
- Continue to lead a weekly collaborative Drop-In at the Lewisham Irish Centre, providing a space where residents can meet multiple services in a safe, friendly and accessible space. (Current services are Irish Centre, resources for Autism, CCL, Legal advise, DWP, Lewisham Local, Police, LSL Sexual health and Together for Wellbeing.
- Over 650 professionals have access to our Directory, which has all the information we have gathered of services.
- We have 15 factsheets that the team update quarterly based on our most popular requests.
- We ran 4 social prescribing network events where organisations come to present their organisation depending on the theme. This year are themes were: Advice, Financial hardship, Housing and Mental Health. We average 50 professionals at these.
- We have run over 60 Community outreach's this year
## **4. Happy Feet**
Happy Feet is a not-for-profit toe and fingernail cutting service for Lewisham and Southwark residents aged 50+. Toenail cutting helps prevent falls and reduce isolation as service users feel more confident on their feet. During the year the service:
- Completed 818 appointments
- Completed 163 clinics
- Number of locations - 15
- Over 50 new clients across the year
- Worked in partnership with the following partners who provided us clinics space: Peabody Housing (Darwin Court), Blackfriars Settlement, Link Age Southwark, St Lukes Church, Time and Talents, Telegraph Hill Centre, Southwark Council (SRC)
## **5. Handy Persons Service**
This year we celebrated 10 years of Hand Person Service, providing support to people in their home such as helping to make the home safer and promote independent living. This can include, fixing toilet seats, changing light bulbs, fitting and checking smoke alarms, changing locks and various other tasks around the home.
Completed 409 jobs
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Completed 355 visits Completed 13 gardening jobs with support from HG Construction
## **6. Stones End Day Centre (Southwark)**
Stones End Day Centre is a specialist day centre, supporting older adults who have care and support needs to engage and connect with their community, increase social cohesion amongst older adults, creating a safe warm welcoming space for our members to engage with their peers and improve the quality of their life. Over the year the service:
- Had 5,407 attendances from 68 individuals
- Achieved an average daily attendance of 22 members
- Over 4,400 nutritious meals were served
- 408 Wheelchair accessible transport journeys completed
- 44 Students completed work experience
- 346 Corporate volunteers took part in activities
## **7. Dementia Activities (Lewisham)**
We provide this service as a sub-contractor to the Alzheimer’s Society and offer Music and Movement, Singing for the Brain, and Arts and Crafts sessions in venues across Lewisham. In the year the service delivered:
- Arts and crafts – 12 individuals
- Music and movement – 17 individuals
- Singing for the brain – 16 individuals
- Number of clients – 25
- 34 arts and crafts sessions
- 38 music and movement session
- 70 singing for the brain sessions (we run 2 per week)
We also held a dementia art exhibition in partnership with Branching Out at the Telegraph Hill Centre in August, showcasing some of the work our art group have created.
## **8. Healthy Living and Learning Service (Southwark)**
The Healthy Living and Learning Service is based at our Day Centre in Bermondsey. It is an open access centre for older people and provides a wide range of services and social activities both in and out of the centre premises. During the year:
- 267 Members attended 889 events and activities that resulted in 7,650 attendances at the Healthy Living and Learning Centre and in the wider community (via our MySocial service).
- These activities included;
- Trips and events that included a Ladies Day to the Races, Christmas lights on Brigits Bus
- Intergenerational work with City of London Academy, Harris Academy Bermondsey, Boucher Church of England primary school, John Keats Primary School, The Charter School Bermondsey, Central Saint Martin, Bacon’s School this includes a weekly social with the pupils of a local school
- Talks in relation to Energy Saving, making the most of your money, how to deal with Pest’s in the home, Metropolitan police talks about scams and staying safe online
- The Lemonade Project – Community food model for over 60’s that incorporated health and community talks and trips in the local community.
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## **9. Community Connections Befriending (Lewisham)**
Community Connections Befriending matches isolated Lewisham residents to volunteers who regularly contact them in order to improve their wellbeing. During the year Community Connections Befriending has:
- Supported 115 isolated people being called by 107 volunteers
- Supported an average of 58 active befriending relationships per month
- Had over 968 contacts, 126 of which were in person at cafes, parks and community centres around Lewisham
- Trained 50 new volunteers, inducting them into our services as well as bringing external trainers to upskill our volunteers (with external training including Loneliness Reduction Training and Dementia Awareness)
## **10. Independent Care Home Visiting Service (Southwark)**
Southwark Council commissions Age UK Lewisham and Southwark to provide an Independent Care Home Visiting Service via which volunteers visit regularly and build up relationships with residents who otherwise have very few visitors. The visitors also check that the residents they are seeing are happy, comfortable and safe in their homes and experiencing good quality care, very much like they would if visiting a family member. During the year:
- Volunteers made 74 visits to five care homes across Southwark.
- 43 residents without friends or family were visited by 10 volunteers across the year in Rose Court, Tower Bridge, Greenhive, Bluegrove and Waterside care homes.
## **11. Community Connections Transport (Lewisham)**
Community Connections Transport provides door-to-door transport for Lewisham residents who have barriers to using public transport independently. The service is provided by volunteers using their own vehicles. In 2024/5 the Community Transport system:
- Travelled nearly 6800 miles – about the same distance as driving from Lewisham to Myanmar.
- Fulfilled 511 trips to healthcare appointments, shopping trips and regular social groups to our partners at Entelechy Arts at the Albany in Deptford, and at Sydenham Garden.
- Assisted 41 individual Lewisham residents with one-off and regular drives.
- Delivered 93 meals to Lewisham residents who would be spending Christmas alone in partnership with Lewisham Salvation Army in the annual Meals on Wheels project
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## **12. Community Development and Fundraising Support (Lewisham)**
The Community Development team supports the Community Connections Lewisham’s social prescribing service by strengthening local community groups and voluntary organisations tackling loneliness and social isolation in the borough to support a vibrant, well-managed and well-funded voluntary sector in Lewisham. During the year our Community Development Workers had over 213 visits with 156 different groups from a range of sectors.
The Fundraising Development Manager supports groups who deliver or plan to deliver activities and services in areas where provision is lacking as identified by the Community Connections Gaps Report. During the year the service:
- Delivered 90 fundraising support sessions
- Reviewed 30 funding applications which raised £174,901
- Sent 157 people/organisations a regular fundraising e-newsletter Following this input:
- 89% of groups reported a growth in their fundraising activity
- 83% of groups reported an increase in fundraising skills, knowledge and awareness
## **13. Prostate Cancer Support (Lewisham Health Inequalities Programme)**
Community Connections Lewisham delivered a year-long Prostate Cancer Pathway Project, funded by Lewisham Council, to support men diagnosed with prostate cancer through social prescribing. The project offered one-to-one support to help individuals access services related to housing, benefits, and emotional wellbeing, and joined forces with the charity Cancer Don’t Let It Win to set up a face-to-face prostate cancer peer support group for men living in Lewisham, creating a safe space for men to share their experiences.
Targeted outreach focused on Black men, who are disproportionately affected by prostate cancer, with 61% of participants from Black African or Black Caribbean backgrounds and over 80% were provided with at least three signposts and referrals, highlighting the variety of support services they required. Participants reported reduced isolation, increased confidence, and greater engagement with their care.
The project strengthened partnerships with South East London Cancer Alliance (SELCA) and Macmillan Cancer Support, leading to a new two-year initiative to expand cancer-related social prescribing across Lewisham.
## **14. Cost of Living Crisis responses (Lewisham and Southwark)**
At Age UK Lewisham and Southwark we are able to work with partners to provide practical and financial support to older people and families facing economic hardship as a result of the cost of living crisis. These have made a significant impact on people wellbeing and ability to manage and find ways through difficult times. This has included;
- Spent ~£4,500 to support 23 households to manage bills and buy essential items such as kitchen appliances, beds/mattresses, white goods, clothing vouchers, and more.
- Provided gloves, hot water bottles, scarves, heated blankets, and portable heaters.
- Signposted and referred 249 people to energy support organisations over the winter period.
- Corporate Shoebox Gifts enable us to distributed 45 gift boxes to isolated or financially struggling individuals.
- Spent £4,008.09 on gym memberships, swimming lessons, art supplies, football boots, and adult education.
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- Distributed **free mobile data SIM cards** via the National Databank.
- Helped clients access online services, stay connected, and reduce isolation.
## **15. Support for other organisations from our premises**
During the year we were pleased to host a number of groups to use our spaces in the evenings and weekends. These included the Futuro Latino Americano (FULA) group for people over 50 years of age with a Latin American background who speak Spanish or Portuguese; Opening Doors, a charity for lesbian, gay, bisexual, trans, queer, non-binary or gender fluid (LGBTQ+) people over 50; and London Senior Social.
## **Involvement of Volunteers:**
Volunteers support many or our services most notably including Befriending and Community Transport. Volunteers also support our Day Centres and our Information and Advice service.
Our day centres in Southwark also make use of corporate volunteering as a method of fundraising, to gain access to equipment for Handyperson services, as well as leafletting in the local area.
We would like to say a massive “thank you” to all the 164 amazing volunteers that have been active with us over the past year:
Abby Kutiwa Abimbola Ulrich Adesewa Adeyemi Alex Verster Alfia Dawoud Alice Roberts Alison Williams Amanda Okoro Amy Condon Amy Polglaze Amy Quinn Andrea CorralesMalaga Andrew Kong Anna Govett Anna Moxom Anna Thom Anna Wyatt Annette O'Malley
Anthony Bailey Anthony Bailey Ayesha Shakeel Ben Walker- Collins
David Meredith Deborah Noel Diana Stevenson Diumeris Pereira Dominic Burdess Edoardo Vescovi Edwin Warner Elainie Terrero Elizabeth Tuudah Emily Glass Emma Johansson Esther Frimpong Eugene Williams Fatiat Kareem
Justin Dominic Cook Sally Bryan Justine Ezereme Sally Douglas Kate Spicer Sam McKain Kate Spicer Samhita Gogoi Katherine King Sandra Beecher Katherine Munro Sandra Sharpe Katherine Pile Sara Mustafa Khim Jeeves Sarah Burleigh Kit Kelly Sarah Coffinatchi-Black Linda Ogoke Sarah George Lorna May Sarah Sheehan Louis Bussoli Sarah Thorogood Marash Demnika Sarah Van-Spall Marcia BranwenSheila Hunt
Marash Demnika Marcia BranwenRiley
Frances BurtonLynch Frankie Pennington Galvin Khara Genevieve Lee
Simon Anderson
Lynch Marianne Spry Frankie Mary Antwi Pennington Galvin Khara Matthew Hanson Genevieve Lee Michael Douglas Molly Jasmine Genora Leachman Carroll Georgie Baker Mr Neil Truluck Gloria Adoch Mrs Gill Jenner Grace Sontan Neil Amos
Sonia Obiokafor Sonya McFarlane Spendylove Boadi Steve Ewing Stewart Elrie Stuart Leggatt Susan Coleman
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Beryl Campbell Beulah Martin Boris Rykov Bowen Corley Bryden Commons Cameal Commings Camila Gobo De Freitas Caragh O'Neill McAleenan Caroline Hughes Cathy Pound Charlotte Vaillant Chris Arden Christine Easton Christine Easton Claire Leaver Cleria Suqueina Da Costa Pires Colin Giordmaina Crystal Otomewo Darren John Manning
Haajera Adil Nevielle Hearfield Svitlana Kit Harry Japp Nick Robinson Sylvia Wilson Hervien Yeung Nila Patel Tim Webb Hulya Corty Ning Ding Trevor Graham Inma Camacho Olivia Crooks Trisha Bharti Iris Probst Patricia Beaver Ulalee Griffiths Paul Devonport Isabella Sanghera Vanessa Pham Isolyn Clark Paul Reynolds Vicky Walker Izzabella Anang Pauline Yeko Victoria Harding Jacqueline ClarkePeter Crane Viji Ravindra Vernon Jaime Fox Phillip Murphy Wendy Bisiker James Foulkes Phoebe Peberdy Wendy Lloyd Jasmine Akhtar Phyllis Stewart Wondwosen Tadesse Jeane Guevara Raaji Sivam Xiaoqing Wang Joel Olanipekun Radhah Ahmed Yeyejide Adeleye John Firmin Rashma Khanom Yohannes Lowe Jose Gomez Rebecca Bullen Yvonne Ellis Joy Rugaju Richard Constable Zaynab Ajoryi Joyce Asaolu Robin Willmott Zubie Patel
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## **Corporate Partners and volunteers:**
We are hugely grateful to our corporate partners who provide a range of volunteering, funding support and inkind help to enable us to deliver our services during the year. These include:
American Express Doubletree Hilton Neighbourly Arts for Dementia Downside Fisher Pfizer Avena Youth Club Dunelm Pricoa Private Capital Bloomberg Gardner and Co Santander Be On Hand Google Southwark Cultural Health & Central Saint Martin Hands on London Wellbeing Partnership Christies HG Construction St Swithun's Church Construct Change Horniman Museum Team London Bridge Control Risks Mercato The Gregorian DWP Metropolitano
## **Structure, Governance and Management**
Age UK Lewisham and Southwark (Age UK Lewisham and Southwark) is an independent Registered Charity and a Company Limited by Guarantee, responsible for its own policy, direction, and funding. Age UK Lewisham and Southwark is a Charity formed from a merger of Age Concern Southwark and Age Concern Lewisham in 2006.
The Board of Trustees of the Charity governs its affairs. Trustees are also Directors of the Company. The Trustees have a broad range of skills, experience, and backgrounds. The Articles of Association allow for Organisational Members as well as individual Trustees, and as at 31 March 2025 there were 6 individual Trustees and 13 Organisational Members.
The Board takes overall responsibility for ensuring that the financial, legal and contractual responsibilities of the charity are met, and that there are satisfactory systems of controls and of risk--management. It decides on policy and strategy, and ensures that the organisation fulfils Its objectives. The Board meets at least quarterly. There are also Finance and Operational sub-committees of the Board that meet quarterly.
The day-to-day management of the charity is delegated to the Chief Executive Officer, who works with a team of managers to fulfil the charity's objectives. The Chief Executive Officer reports to the Chair and Board.
Age UK Lewisham and Southwark is a Brand Partner of Age UK, which allows Age UK Lewisham and Southwark to ensure that the issues and concerns of older adults in Lewisham and Southwark are brought to the attention of policy-makers at national, regional and local levels.
We are proud holders of the Age UK Charity Quality Standard which certifies that we are a well-governed and effective organisation committed to the wellbeing of older people, our staff, volunteers and partners. We resecured this quality mark in the year, following an intensive review process, on- site visits and interviews with service users, staff, volunteers and trustees by an external agency appointed by Age UK.
Our Information and Advice Service holds the Age UK Information and Advice Quality Mark. This is a quality assurance for organisations which provide to the public advice on social welfare issues. It recognises the high standard of advice we provide for older people locally.
We continue to be accredited for the NHS Data Security & Protection Toolkit Standard in relation to our information governance.
Age UK Lewisham and Southwark remains an independent local charity, run by local people, for local people. It continues to provide high-quality services at local level, supporting older adults to maintain their independence, dignity and well-being. It is also a member of The Age England Association, and Age UK London.
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## **Risk Management**
Trustees regularly assess and review the most important strategic and operational risks to the charity, and ensure that systems and procedures are in place to monitor and mitigate these. A strategic risk register is maintained outlining the likelihood of any potentially damaging outcome, the potential impact of such an outcome, and detailing who is responsible within the organisation for monitoring the risks and for taking relevant steps to mitigate these. These steps include ways of reducing both likelihood and impact. The key strategic/organisational risks and mitigations identified for the year were:
_Failure to securesufficient unrestricted reserves voluntary fundraising from Corporates and Individuals_
The Board agreed to allocate funds from reserves to enable the charity to recruit a Corporate Fundraiser.
_Withdrawal of main funding streams because of a shortage of money or because of changing funding priorities:_
We manage this through seeking close relationships with our funders, ensuring that our objectives are closely aligned with theirs, communicating the impact of our work effectively and working to maintain our reputation as a flexible and positive partner We also actively seek alternative funding to diversify our income streams, ensuring that we deliver timely and well written funding bids. We budget for income prudently and include cost reduction in our plans where possible.
_Services unable to resume due to pandemic or other major disaster event_
We have updated our Business Continuity Plan, have cloud-based IT and telephony and a range of tools to manage in a range of scenarios. We continue to promote vaccinations against Covid19 and flu for all staff and service users.
_Inflationary pressures impact on our ability to deliver services within budgets_
We manage this by keeping a close watch on our income and expenditure with papers generated by the Director of Finance and CEO presented to the Trustee Finance Sub Committee – which include steps we can take to reduce our costs including a review of our utility costs etc; by proactively having discussions with funders to request inflationary uplifts to funding (or reduced targets and other mitigations); and by committing to a review of salaries to ensure staff are paid appropriately during this inflationary period.
## **Pay Policy for Senior Staff**
Key Management Personnel are considered to be the Trustees and the Chief Executive. The pay of senior staff is reviewed annually by the Trustees, and is benchmarked against pay levels in similar charities. All Trustees give their time freely, and none have received any remuneration or expenses during the year.
## **Gender Pay Gap Analysis**
Age UK Lewisham and Southwark’s median pay gap in July 2024 across all employees is 4.2% compared to the national average of 8.6% (less for women than for men). To calculate this, the HR team combined data on employees’ self-disclosed gender together with their full-time equivalent pay, and calculated the median average hourly wage for each gender represented in the AUKLS workforce. This shows a small increase in the gender pay gap as compared to last year (when there was a 0% median pay gap). Because of the comparatively small number of individuals employed by AUKLS, slight fluctuation in employee numbers and demographics can have a noticeable impact on these figures. That said, AUKLS remains committed to again eliminating the gender pay gap when are where possible, and to identifying any areas for improvement.
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## **Responsibilities of the Board of Trustees**
Company law requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date, and of its incoming resources, and application of resources, including income and expenditure. In preparing these financial statements, the Trustees should follow best practice, and:
- Select suitable accounting policies and then apply them consistently observe the methods and principles of the charity SORP
- Make judgements and estimates that are reasonable and prudent
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charitable Company, and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Account and
Reports) Regulations 2008. They are also responsible for safeguarding the assets of the Charitable Company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Financial Review**
Our work is funded by a mixture of income earned from services delivered, grants from local authorities, other statutory bodies, charitable trusts and foundations, and donations from individuals and corporate bodies. The main funding sources for year were income from our Day Care services and grants from Southwark and Lewisham Councils. We also secured several smaller grants from a range of funders, thereby helping to diversify our funding base. During the year we received no income from retail activities.
Although the increase in employer National Insurance contributions takes effect from April 2025 and therefore falls outside this financial year, trustees recognise that it will add further pressure to staff- related costs in 2025–26. As staffing forms, the largest component of our expenditure, even modest percentage rises have a material impact. The charity has already reflected this change in forward budgets and continues to seek efficiency measures and diversified income to absorb such statutory cost increases.
## **Reserves Policy**
As at 31 March 2025, total reserves were £762,430 (2024: £887,766), of which none were restricted. The reserves policy aims to ensure we can
- Deal with short-term volatility of income without having to suddenly cut expenditure. This allows the
- charity to spend a portion of reserves, subject to a replenishment plan being in place.
- Provide funding to cover the charity in the extreme case of closure / major change.
The Trustees consider that 3 to 4 months' future expenditure is the target range for these purposes. This gives a target range for free reserves of between £676,000 and £901,000. The actual amount of £762,430 was slightly above this range as at 31 March 2025.
This year we have used some of the reserves to support the work of the charity – including by giving pay rises to reflect the cost of living increases that staff are facing. Our reserves remain above the target range.
The challenging financial environment in which we are operating is likely to continue to be felt during the next financial year, demonstrating the importance of having healthy reserves.
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## **Going Concern**
The Trustees believe that that there are no material uncertainties that call into doubt the charity's ability to continue Its activities. The accounts have therefore been prepared on the basis that the charity is a going concern.
## **Investment Policy**
The Investment Policy seeks to strike a balance between holding sufficient cash levels to meet working capital requirements, and investing that part of the reserves held for longer periods in assets that are likely to keep pace with rising costs.
The policy is to hold the majority of funds in liquid assets to deal with short-term requirements and guard against volatility, and a smaller portion in assets likely to achieve some capital growth.
Cash is invested in a variety of UK banks that are covered by Financial Services Compensation Scheme [FSCS]. A balance is struck between instant access, notice accounts and fixed term deposits, dependent on cash flow requirements.
Non-cash investments are in collective schemes to achieve the required diversity. These can be funds of bonds, equities, or other investments, or a mixture of these assets. We do not have a specific environmental, social and governance investment policy though where feasible we seek to invest in ethical funds. A review of the charity’s investment policy will be undertaken during the year 2024/25. This will include ethical and environmental considerations.
## **Disclosure of information to Auditors**
So far as the Trustees are aware, there is no relevant audit information of which the company's auditors are unaware, and the Trustees have taken all the steps that they ought to have taken in order to make themselves aware of any relevant audit information and to establish that the charity's auditors are aware of that information.
## **Auditors**
Goldwins Limited have indicated their willingness to continue in office, and in accordance with the provisions of the Companies Act 2006 a resolution will be proposed at the Annual General Meeting that they be appointed as auditors to the company for the ensuing year.
Approved by the Board on 3rd December 2025 and signed on its behalf:
09/12/2025 …………………………………………………………….. ………………………….. Philippe Granger Date Chair Charity No. 296862 Company No. 2118525
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## **INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF AGE UK LEWISHAM AND SOUTHWARK**
## **Opinion**
We have audited the financial statements of Age UK Lewisham and Southwark for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
## **Opinion on financial statements**
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company’s affairs as at 31 March 2025 and of its income and expenditure for the year then ended:
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
16
## **Independent Auditor’s Report**
## **To the members of Age UK Lewisham and Southwark**
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinion on other matter prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the trustees’ report (incorporating the directors’ report) have been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees’ remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of the trustees**
As explained more fully in the Trustees’ Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
17
## **Independent Auditor’s Report**
## **To the members of Age UK Lewisham and Southwark**
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:
- We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to:
- Detecting, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
- Detecting of the risks of fraud and responding whether they have knowledge of any actual or suspected fraud;
- We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.
- We performed analytical procedures to detect any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body, for our audit work, for this report, or for the opinions we have formed.
## Anthony Epton
Anthony Epton (Dec 9, 2025 17:03:09 GMT)
**Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG**
18
## **Age UK Lewisham and Southwark Statement of Financial Activities (Incorporating an Income and Expenditure Account) For the year ended 31 March 2025**
|**Notes**
**Income from:**
**Donations and Grants**
Independent Living Services
Healthy Communities and Day Care
Lewisham Connections
**Total Donations and Grants**
**3**
**Charitable activities:**
Healthy Communities and Day Care
General
**Total Charitable Activities**
**4**
**Investment Income**
**5**
**Total Income**
**Expenditure on:**
**Raising Funds**
**Charitable activities**
Independent Living Services
Healthy Communities and Day Care
Lewisham Connections
**Total expenditure**
**7**
**Net (expenditure)/ income before net gains (losses) on**
**investments**
Net (losses)/gains on investments
**Net Movement in Funds in the year**
**Reconciliation of funds**
**Funds brought forward at 1 April 2024**
**Funds carried forward at 31 March 2025**
**19**|**Unrestricted**
**funds**
**£**
11,504
11,504
11,505
34,513
577,446
7,460
584,906
19,939
639,358
18,432
148,004
514,624
81,961
763,021
(123,663)
(1,673)
(125,336)
887,766
762,430|**Restricted**
**funds**
**£**
1,124,517
24,699
793,474
1,942,690
-
-
-
-
1,942,690
-
1,124,517
24,699
793,474
1,942,690
-
-
-
-
-|**2025**
**Total**
**funds**
**£**
**1,136,021**
**36,203**
**804,979**
**1,977,203**
**577,446**
**7,460**
**584,906**
**19,939**
**2,582,048**
**18,432**
**1,272,520**
**539,323**
**875,435**
**2,705,711**
**(123,663)**
**(1,673)**
**(125,336)**
**887,766**
**762,430**|2024
Total
funds
£
681,555
681,556
681,556|
|---|---|---|---|---|
|||||2,044,667|
|||||619,523
9,970|
|||||629,493|
|||||19,982|
|||||2,694,142|
|||||48,128
1,071,028
960,108
734,436|
|||||2,813,700|
|||||(119,558)
2,232|
|||||(117,326)
1,005,092
**887,766**|
All of the above results are derived from continuing activities.
There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.
19
## **Age UK Lewisham and Southwark Balance Sheet**
## **As at 31 March 2025**
**----- Start of picture text -----**
Notes 2025 2024
£ £ £ £
FIXED ASSETS
Tangible assets 11 64,313 20,219
Intangible Fixed Assets 12 - 1,096
Investments 13 292,462 330,284
356,775 351,599
CURRENT ASSETS
Debtors 14 71,989 436,571
Cash at bank and in hand 635,320 484,256
707,309 920,827
CURRENT LIABILITIES
Creditors – amounts falling due
within one year 15 (301,654) (384,660)
NET CURRENT ASSETS 405,655 536,167
NET ASSETS 762,430 887,766
FUNDS
Restricted funds - -
Unrestricted funds
Designated Funds - -
General Funds 19 762,430 887,766
Total Unrestricted Funds 762,430 887,766
TOTAL FUNDS 18 762,430 887,766
**----- End of picture text -----**
The financial statements have been prepared in accordance with the special provisions for small companies under Part15 of the Companies Act 2006.
Approved by the Board and authorised for issue on 3rd December 2025.
## **Company registration Number: 2118525**
**The attached notes form part of the financial statements.**
20
## **Age UK Lewisham and Southwark Statement of Cash Flows**
## **For the year ended 31 March 2025**
|**Note**
**Net cash provided by operating activities**
**20**
**Cash flows from investing activities:**
Interest/ rent/ dividends from investments
Sale / (purchase) of fixed assets
Sale /(purchase) of investments
**Cash provided by investing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
**21**|**2025**
**£**
**19,939**
**(54,953)**
**36,149**|**2025**
**£**
**149,929**
**1,135**
**151,064**
**484,256**
**635,320**|2024
£
19,982
(3,223)
(8,313)|2024
£
(275,848)
8,446|
|---|---|---|---|---|
|||||(267,402)
751,658|
|||||484,256|
21
## **Age UK Lewisham and Southwark Notes to the Financial Statements For the year ended 31 March 2025**
## **1 Accounting policies**
## **a) Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015) - (Charities SORP FRS 102) and the Companies Act 2006.
The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are recognised at historical cost or transaction value.
## **b) Going concern**
The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
## **c) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the performance of a specified service is deferred until the criteria for income recognition are met.
## **d) Donations of gifts, services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.
On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **e) Interest receivable**
- Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **f) Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
## **g) Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Costs of raising funds comprise shop costs and the costs incurred in raising voluntary contributions, as well as the cost of any activities with a fundraising purpose.
- [Expenditure on charitable activities includes the costs of delivering services and small grants undertaken to further the ] purposes of the charity and their associated support and governance costs. Charitable activities are analysed into the three main activity areas undertaken by the charity.
VAT is charged as a cost against the activity for which the expenditure was incurred as Age UK Lewisham and Southwark is not VAT registered.
22
## **Age UK Lewisham and Southwark Notes to the Financial Statements For the year ended 31 March 2025**
## **1 Accounting policies (continued)**
## **h) Allocation of support and governance costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the services for older people. These costs have been allocated between cost of raising funds and expenditure on charitable activities. Governance costs are those involving the public accountability of the charity (including audit costs.) Support and governance costs have been allocated according to staff numbers and resource plans.
## **i) Operating leases**
Rental charges are charged on a straight line basis over the term of the lease.
## **j) Tangible fixed assets**
Items of equipment are capitalised where the purchase price exceeds £500. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
Leasehold improvements Over 10 yrs or the life of the lease if less than 10 yrs Motor vehicles 25% straight line Fixtures and fittings 33.3% straight line Computer and office equipment 33.3% straight line Intangible Assets 33.3% straight line
## **k) Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **l) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **m) Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **n) Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **o) Pensions**
The charity operates a defined contribution pension scheme operated by NEST. Contributions are to the Statement of Financial Activities when they are payable to the scheme.
23
## **Age UK Lewisham and Southwark Notes to the Financial Statements For the year ended 31 March 2025**
**2 Detailed comparatives for the statement of financial activities**
|**Income from:**
**Donations and Grants**
Independent Living Services
Healthy Communities and Day Care
Lewisham Connections
**Total Donations and Grants**
**Charitable activities:**
Healthy Communities and Day Care
General
**Total Charitable Activities**
**Investment Income**
**Total Income**
Raising funds
**Charitable activities:**
Independent Living Services
Healthy Communities and Day Care
Lewisham Connections
**Total expenditure**
**Net (expenditure)/income before net gains (losses) on**
**investments**
Net gains / (losses) on investments
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**|**2024**
**Unrestricted**
**£**
7,930
7,931
7,931
23,791
619,523
9,970
629,493
19,982
**673,267**
48,128
397,403
286,483
60,811
**792,825**
(119,558)
2,232
(117,326)
1,005,092
**887,766**|**2024**
**Restricted**
**£**
673,625
673,625
673,625
2,020,875
-
-
-
-
**2,020,875**
-
673,625
673,625
673,625
**2,020,875**
-
-
-
-
**-**|**2024**
**Total**
**£**
681,555
681,556
681,556|
|---|---|---|---|
||||2,044,666|
||||619,523
9,970|
||||629,493|
||||19,982|
||||**2,694,142**|
||||48,128
1,071,028
960,108
734,436|
||||**2,813,700**|
||||(119,558)
2,232|
||||(117,326)
1,005,092
**887,766**|
24
## **Age UK Lewisham and Southwark Notes to the Financial Statements For the year ended 31 March 2025**
## **3 Income from donations and grants**
|Donations
Age UK
London Borough of Southwark - Ageing Well Southwark
London Borough of Lewisham-Community Connections
United St Saviour
Henry Smith- Positive Mind
One Health Lewisham grant
London Borough of Lewisham - Information and Advice
Other
London Borough of Lewisham - Community Fundraiser
Emmanuel Hospital I&A
Holly Health
Southwark Charities
London Borough of Lewisham - NCIL
London Borough of Southwark - Care Home project
London Borough of Lewisham - VSL Core
London Borough of Lewisham - VSL Transport
Phoenix Housing - Happy Feet
AgeUK BEC programme
Alzheimer’s Dementia project
City Bridge
Health Inequalities
AgeUK Cost of Living
London Borough of Southwark - Warm Spaces
Lewisham Local - Essentials Grant
Mercers
Merchant Taylor
London Catalyst
**4**
**Charitable Activities**
Day Care services
Happy Feet services
Property letting
Catering and centre activities Income
Other income
**5**
**Investment income**
Bank interest and investment income|**Unrestricted**
**£**
25,254
-
-
-
-
-
-
-
9,259
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
34,513
497,205
18,528
7,460
46,471
15,242
584,906
19,939
19,939|**Restricted**
**£**
-
8,500
949,433
440,000
14,700
60,000
56,000
17,400
2,023
60,000
12,500
-
20,330
-
21,866
50,000
40,000
-
20,263
31,788
42,060
31,818
-
10,875
5,834
40,000
5,300
2,000
1,942,690
-
-
-
-
-
-
-
-|**2025**
**Total**
**£**
**25,254**
**8,500**
**949,433**
**440,000**
**14,700**
**60,000**
**56,000**
**17,400**
**11,282**
**60,000**
**12,500**
**-**
**20,330**
**-**
**21,866**
**50,000**
**40,000**
**-**
**20,263**
**31,788**
**42,060**
**31,818**
**-**
**10,875**
**5,834**
**40,000**
**5,300**
**2,000**
**1,977,203**
**497,205**
**18,528**
**7,460**
**46,471**
**15,242**
**584,906**
**19,939**
**19,939**|Unrestricted
£
17,344
-
-
-
-
-
-
-
6,448
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
23,792
483,509
15,117
9,970
81,952
38,945
629,493
19,982
19,982|Restricted
2024
£
Total
£
-
17,344
13,616
13,616
947,139
947,139
440,000
440,000
-
-
60,009
60,009
56,207
56,207
17,400
17,400
1,969
8,417
60,000
60,000
12,500
12,500
63,024
63,024
3,467
3,467
15,970
15,970
23,520
23,520
50,000
50,000
40,000
40,000
8,769
8,769
7,437
7,437
31,788
31,788
42,700
42,700
63,635
63,635
40,000
40,000
12,125
12,125
9,600
9,600
-
-
-
-
-
-
2,020,875
2,044,667
-
483,509
-
15,117
-
9,970
-
81,952
-
38,945
-
629,493
**-**
19,982
-
19,982|
|---|---|---|---|---|---|
25
**Age UK Lewisham and Southwark Notes to the Financial Statements For the year ended 31 March 2025**
## **7 Analysis of expenditure**
**----- Start of picture text -----**
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Charitable activities|
|Independent|Healthy|
|Cost of Raising|Living|Communities|Lewisham|Governance|Support|
|Funds|Services|and Day Care|Connections|Costs|Costs|2025 Total|2024 Total|
|£|£|£|£|£|£|
|Staff|18,432|611,087|360,857|641,326|-|181,300|1,813,003|1,807,615|
|Training, travel & recruitment|-|6,686|6,131|8,042|-|-|20,859|31,441|
|Meetings, activity and events|-|34,613|31,739|41,635|-|-|107,987|163,947|
|Funds paid to other organisations|-|466,808|-|-|-|-|466,808|481,709|
|Audit|Fees|-|-|-|-|8,400|-|8,400|10,380|
|Consultancy, legal & professional|-|13,087|12,001|15,742|-|-|40,830|33,432|
|Depreciation|-|3,832|3,514|4,609|-|-|11,955|15,904|
|Premises|-|41,574|38,122|50,008|-|-|129,705|136,415|
|Administration & finance|-|12,878|11,809|15,490|-|21,634|61,810|96,255|
|Office costs|-|-|-|-|-|44,354|44,354|36,602|
|Support costs|-|79,263|72,682|95,343|-|(247,288)|-|-|
|Governance costs|-|2,692|2,469|3,239|(8,400)|-|-|-|
|Total expenditure 2025|18,432|1,272,520|539,323|875,435|-|-|2,705,711|-|
|Total expenditure 2024|48,128|1,071,028|960,108|734,436|-|-|-|2,813,700|
**----- End of picture text -----**
**7a Analysis of expenditure (prior year)**
**----- Start of picture text -----**
||||||||||
|---|---|---|---|---|---|---|---|---|
|Charitable activities|
|Independent|Healthy|
|Cost of Raising|Living|Communities|Lewisham|Governance|Support|
|Funds|Services|and Day Care|Connections|Costs|Costs|2024 Total|2023 Total|
|£|£|£|£|£|£|
|Staff|14,439|416,061|635,175|561,178|-|180,762|1,807,615|1,682,138|
|Training, travel & recruitment|-|8,113|15,215|8,113|-|-|31,441|4,441|
|Meetings, activity and events|-|42,304|79,339|42,304|-|-|163,947|192,608|
|Funds paid to other organisations|-|481,709|-|-|-|-|481,709|621,690|
|Audit Fees|-|-|-|-|10,380|-|10,380|9,163|
|Consultancy, legal & professional|-|1,898|3,559|1,898|-|26,077|33,432|40,533|
|Depreciation|-|4,104|7,696|4,104|-|-|15,904|42,828|
|Premises|-|35,200|66,015|35,200|-|-|136,415|102,409|
|Administration & finance|33,689|4,108|7,705|4,108|-|46,645|96,255|81,904|
|Office costs|-|-|-|-|-|36,602|36,602|34,493|
|Support costs|-|74,853|140,381|74,853|-|(290,086)|-|-|
|Governance costs|-|2,678|5,023|2,678|(10,380)|-|-|-|
|Total expenditure 2024|48,128|1,071,028|960,108|734,436|-|-|2,813,700|-|
|Total expenditure 2023|50,293|1,148,078|834,186|779,650|-|-|-|2,812,207|
**----- End of picture text -----**
**----- Start of picture text -----**
|||||
|---|---|---|---|
|8 Net incoming/ (outgoing) resources for the year|2025|2024|
|This is stated after charging:|£|£|
|Depreciation|11,955|15,904|
|Auditors’ Remuneration|7,000|6,975|
|9|Staff costs|2025|2024|
|£|£|
|Salaries|1,626,927|1,631,543|
|Employer National Insurance Costs|149,698|140,713|
|Employer’s contribution to defined contribution pension schemes|36,378|35,359|
|1,813,003|1,807,615|
|The average number of employees was:|2025|2024|
|No.|No.|
|Raising Funds|1|1|
|Charitable|Activities|80|91|
|Support|5|5|
|Governance|1|1|
|87|98|
**----- End of picture text -----**
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2024: £nil) neither were they reimbursed expenses during the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).
The following number of employees received employee benefits (excluding employer pension) during the year between:
## £60,000 - £69,999
**----- Start of picture text -----**
|||
|---|---|
|2025|2024|
|No.|No.|
|1|1|
**----- End of picture text -----**
The total employee benefits including pension contributions and employer‘ s national insurance of the key management personnel were £321,157 (2024: £332,830 ).
26
**Age UK Lewisham and Southwark**
## **Notes to the Financial Statements**
## **For the year ended 31 March 2025**
## **10 Taxation**
Age UK Lewisham and Southwark is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
|**Tangible fixed assets**
**Cost**
At the start of the year
Additions in year
Disposals in the year
At the end of the year
**Depreciation**
At the start of the year
Charge for the year
Eliminated on disposal
At the end of the year
**Net Book Value**
**At the end of the year**
**At the start of the year**
**Intangible fixed assets**|**Leasehold**
**Buildings**
**£**
**Motor**
**Vehicles**
**£**
113,954
123,242
-
63,354
-
(25,327)
113,954
161,269
113,954
116,625
-
1,696
-
(15,401)
113,954
102,920
-
58,349
-
6,617
**Cost**
At the start of the year
Additions in year
Disposals
At the end of the year
**Depreciation**
At the start of the year
Charge for the year
Eliminated on disposal
At the end of the year
**Net Book Value**
**At the end of the year**
**At the start of the year**|**Computer**
**& Office**
**Equipment**
**£**
103,007
-
(119)
102,888
101,198
1,043
-
102,241
647
1,809|**Fittings &**
**Fixture**
**£**
120,873
2,740
-
123,613
109,080
9,216
-
118,296
5,317
11,793
**£**
13,827
-
(2,817)
11,010
12,731
-
(1,721)
11,010
**-**
1,096|**Total**
**£**
**461,076**
**66,094**
**(25,446)**|
|---|---|---|---|---|
|||||**501,724**|
|||||**440,857**
**11,955**
**(15,401)**|
|||||**437,411**|
||||||
|||||**64,313**
**20,219**|
## **11 Tangible fixed assets**
## **12 Intangible fixed assets**
## **13 Investments**
|**Investments at fair value:**
Cash Fixed Term Deposits
Investment Funds
**Movements**
Additions at cost
Transfers
Net gain / (loss) on revaluation
**14 Debtors**
Trade debtors
Prepayments
Accrued income
Other debtors
**15 Creditors**
Trade creditors
Other creditors
Taxation and social security
Accruals
Deferred Income|**2025**
**£**
**208,043**
**84,419**
**292,462**
**15,379**
**(51,528)**
**(1,673)**
**(37,822)**
**2025**
**£**
**40,885**
**25,710**
**4,878**
**516**
**71,989**
**2025**
**£**
**34,925**
**1,506**
**48,376**
**132,924**
**83,923**
**301,654**|2024
£
192,664
137,620|
|---|---|---|
|||330,284|
|||8,313
-
2,232|
|||10,545|
|||2024
£
409,020
20,979
6,107
465|
|||436,571|
|||2024
£
144,387
1,506
50,536
125,260
62,971
384,660|
27
## **Age UK Lewisham and Southwark Notes to the Financial Statements For the year ended 31 March 2025**
|**16**
**Deferred income**
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year
Deferred income comprises grants received from funders in the year which is required to be spent
**17**
**Operating lease commitments**
Total future minimum lease payments under non-cancellable operating leases are as follows:-
1 year
**18**
**Analysis of net assets between funds**
**Unrestricted**
**Fund**
**£**
Fixed Assets
64,313
Investments
292,462
Current Assets
707,309
Current Liabilities
(301,654)
Net assets at the end of the year
762,430
**18a Analysis of net assets between funds (prior year)**
**Unrestricted**
**Fund**
**£**
Fixed Assets
21,315
Investments
330,284
Current Assets
920,827
Current Liabilities
(384,660)
Net assets at the end of the year
887,766
**19**
**Movements in funds**
**At 1 April**
**Incoming**
**Outgoing**
**Resources &**
**2024 Resources**
**losses**
**£**
**£**
**£**
**Unrestricted funds**
General Funds
887,766
637,685
(763,021)
**Total Unrestricted funds**
887,766
637,685
(763,021)
**Restricted funds:**
Safe & Independent Living
-
1,124,517
(1,124,517)
Healthy Communities and Day Care
-
24,699
(24,699)
Lewisham Connections
-
793,474
(793,474)
**Total restricted funds**
-
1,942,690
(1,942,690)
**Total Funds**
887,766
2,580,375
(2,705,711)
**19a Movements in funds (Prior year)**
**At 1 April**
**Incoming**
**Outgoing**
**2023 Resources**
**losses**
**£**
**£**
**£**
**Unrestricted funds**
General Funds
1,005,092
675,499
(792,825)
**Total Unrestricted funds**
1,005,092
675,499
(792,825)
**Restricted funds:**
Safe & Independent Living
-
673,625
(673,625)
Healthy Communities and Day Care
-
673,625
(673,625)
Lewisham Connections
-
673,625
(673,625)
**Total restricted funds**
-
2,020,875
(2,020,875)
**Total Funds**
1,005,092
2,696,374
(2,813,700)|**2025**
2024
**£**
£
**62,971**
71,336
**(62,971)**
(71,336)
**83,923**
62,971
**83,923**
62,971
in the following financial year.
**2025**
2024
**Land and**
Land and
**Buildings**
Buildings
**£**
£
**20,000**
20,000
**20,000**
20,000
**Restricted**
**Total**
**Funds**
**Funds**
**£**
**£**
-
**64,313**
-
**292,462**
-
**707,309**
-
**(301,654)**
-
**762,430**
**Restricted**
**Total**
**Funds**
**Funds**
**£**
**£**
-
**21,315**
-
**330,284**
-
**920,827**
-
**(384,660)**
-
**887,766**
**Transfer At 31 March**
**2025**
**£**
**£**
-
**762,430**
-
**762,430**
-
**-**
-
**-**
-
**-**
-
**-**
-
**762,430**
**Transfer At 31 March**
**2024**
**£**
**£**
-
**887,766**
-
**887,766**
-
**-**
-
**-**
-
**-**
-
**-**
-
**887,766**|
|---|---|
London Borough of Southwark: Ageing Well Southwark: a social prescribing and direct service delivery contract (delivered in partnership with COPSINS) for people aged 60+ London Borough of Lewisham: Community Connections: a social prescribing service for older people.
London Borough of Lewisham Safe and Independent living 18+: Community Connections: an expansion of the Community Connections service to include adults aged 18+ London Borough of Lewisham – Track and Trace: Community Connections: an additional resource to help the Community Connections team support vulnerable older people during Covid19
London Borough of Southwark – Warm and Well Winter: a GP Navigation service (social prescribing linked to GP practices) for older people London Borough of Lewisham – Information and Advice Service: an accredited Information and Advice service for older people (funded via Citizens Advice Lewisham’s Advice Partnership)
28
**Age UK Lewisham and Southwark Notes to the Financial Statements For the year ended 31 March 2025**
## **20 Reconciliation of net income / (expenditure) to net cash flow from operating activities**
|**Net income / (expenditure) for the reporting period**
**(as per the statement of financial activities)**
Depreciation
Interest, rent and dividends from investments
(Gains) / losses on investments
(Increase)/ decrease in debtors
Increase/ (decrease) in creditors
**Net cash provided by / (used in) operating activities**
**Analysis of cash and cash equivalents**
Cash at bank and in hand
**Total cash and cash equivalents**|**At 1 April**
**2024**
**£**
484,256
484,256|**2025**
**£**
**(125,336)**
**11,955**
**(19,939)**
**1,673**
**364,582**
**(83,006)**
**149,929**
**Cash flows**
**£**
151,064
151,064|2024
£
(117,326)
15,904
(19,982)
(2,232)
(140,938)
(11,274)
(275,848)
**At 31 March 2025**
**£**
**635,320**
**635,320**|
|---|---|---|---|
## **21 Analysis of cash and cash equivalents**
## **22 Legal status of the charity**
The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.
## **23 Related party transactions**
There are no related party transactions to disclose for 2025 (2024: none).
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
29
## AUKLS Accounts 2025.26
Final Audit Report 2025-12-11 Created: 2025-12-09 By: Nat Corbett (nat.corbett@ageuklands.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAty4oEHOVuK0Z6w8L8Z779jiLPwLirTxa
## "AUKLS Accounts 2025.26" History
Document created by Nat Corbett (nat.corbett@ageuklands.org.uk)
2025-12-09 - 4:48:33 PM GMT
- Document emailed to Philippe Granger (philgranger@mac.com) for signature 2025-12-09 - 4:48:40 PM GMT
- Document emailed to Maria Kogkou (m.kogkou@outlook.com) for signature 2025-12-09 - 4:48:40 PM GMT
- Document emailed to Anthony Epton (aepton@goldwins.co.uk) for signature 2025-12-09 - 4:48:40 PM GMT
- Email viewed by Anthony Epton (aepton@goldwins.co.uk) 2025-12-09 - 5:01:58 PM GMT
- Document e-signed by Anthony Epton (aepton@goldwins.co.uk) Signature Date: 2025-12-09 - 5:03:09 PM GMT - Time Source: server
- Email viewed by Philippe Granger (philgranger@mac.com) 2025-12-09 - 5:30:05 PM GMT
- Document e-signed by Philippe Granger (philgranger@mac.com) Signature Date: 2025-12-09 - 5:32:03 PM GMT - Time Source: server
- Email viewed by Maria Kogkou (m.kogkou@outlook.com) 2025-12-11 - 7:16:42 PM GMT
- Document e-signed by Maria Kogkou (m.kogkou@outlook.com) Signature Date: 2025-12-11 - 7:21:38 PM GMT - Time Source: server
Agreement completed.
2025-12-11 - 7:21:38 PM GMT