REGISTERED COMPANY NUMBER: 02272550 (England and Wales) REGISTERED CHARfry NUMBER: 299988 REPORT OF THE TRu￿EEs AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR AGE CONCERN KINGSTON UPON THAMES (A COMPANY LIMITED BY GUARANTEE) Hèrfjey Fowler LLP Stattjtory Auditors Chartered Accountants 4th Floor Tuition House 27-37 st Georye'5 Road Wimbledon London SW19 4EU AGE CONCERN KINGSTON UPON THAMES CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCTrI 2024 Page Report of the Truite•s I to 13 Report of the Independent Audlto 14 to 17 ststement of FlnJn¢i•l Actlvltle• 18 ststement of Flnaficlal Posltlon 19 statement of C•sh Flow• 20 N¢rteA to the Statsmant of Calh Flow• 21 t40tsJ to the Flnanclal Statsments 22 to 34 AGE CONCERN KINGSTON UPON THAMES (REGIsfERED NUMBER: 02272550) REPORT OF THE TRusfEES FOR ThE YEAR ENDED 31 MARCH 2024 The tfustees who are also director5 of the charty for the purpose5 Of the Companles Act 2006, present their rep)rt wlth the financial ststements of the charity for the year ended 31 March 2024. The trust￿ have adopted the prow5ions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charit￿S tyeparing th&r accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l january 20191. OBJEcfivES AND ACTIVtriES Our v4slon and objects Our Charitab￿ objects are: The rdief of those In need by reason of ywth, age, S11-health, disabillty, flnanckil hardship or ¢)ther dlsadvantage, In any manner which now or hereafter may be deemed by law to be CharIta￿e In England and Wales. Our vl•lon i•: To make Ilfe a greater Ilfe. Our core work is with older people and we èlm tc suFport our beneftiarles to Inie with Independen￿ and dlgnty, detide the directnn of their own Ilves and enjoy Ilfe a5 Part of ihe communlty. We work tD Influence local policy and practi￿ and create greater understanding of the needs of our users and thdr Fotsntial to contrlbute to communlty Ilfe. We alm to foster greater understandlng te￿en the generations by invofvln9 younger people In our work through volunteering. Through our lfjngston Communty Fumiture setwlce we address the needs of people who experlence financial hardship and dlsadvantage. Publlc Benefit We revlew our aSms, obJectfve5 and ath￿tIeS each year and, In doing g), the Trustees have taken into account the general 9uldance on public benefit published by the Charity Commlsslon. In reviewing our alms, and plann5ng oblectlves and activitles to meel them In the fubjre, we consider and evaluate the outcomes Df each activlty and the Impact of our work on our beneficiarie5 and stakehohler5. Objertlves for the year 2023-24 Our overarchlng obj'ectlves for the year 2023-24 were.. - to enhance the mental and physlcal wdlbelng of the peO￿e we work wlth. - to Involve and empower the people we work with. to engjre the long-term financia1 sustainability of the chèrlty and to be a leader In our field. Our straw to achbeve these obj'ectives has lo maintain our focus on our 5eNKe users and stskeholder5, Ilstenlng to them and bulsdlng our semces around what they say they want, and what we have learned works. We SUPPDrt and work with Indi￿d￿al5, tha'r famllles and caTer5 vlo our building-based wvltss, our InformaiLin and Advi￿ 5eryke and our work In the communty. One of our key objectlves Is to ensure our flnancial strate9y Is driven by, and suppjrts, our ws4on, values and alms. Summary ol our main actlvltles We offer a holistic, oulcome5-focu5ed and evldence-based range of services. Our building-based Servi￿ att as hubs, wlth range of targeted prevention and support seFvlces provided In bulldings, complemented by flexlble outwch services provided from bulldlng5. Our persQn-￿ntred approach is designed to ensure that a whole array of services is easlly accessible, according to each indiwdual's needs and wi5he5. In the operation and development of all our actwides, we are committed to worklng Sn parthershipi and. as a local organIsa￿0Th, advotsting for the interests of our user groups. Thtre are four maln strands to our aciwthe5: Meaningful social actlvltles Jnd support s￿￿s which aim to redu￿ social i5dation and to fostsr connections that help build strong and cohesive cc¥nmunitie5: - Ra￿gh House Day Centre - The Bradbury Centre 'FaNS' Friendly and Nelghbourly ￿Pport Befriending projects AGE CONCERN KING￿oN UPON THAMES (REGIsfERED NUMBER: 02272550) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Home support services A raThJe of which support pwle to Ilve indeFendently and 5afdy in a comfortable trx)me environment and stay out of hospital and reSId￿tIal care.. - Communbty Team - Home from HoS￿tal service Help at Home servi - Handyperson service - Kingston Communlty Furnlture Health and wellbeing Servlces which help encourage people to keep artive and engaged, malntalning physlcal and mental health or dela￿n9/r8￿uC7n9 deterioratlon, an approach which is a150 fundamental in our day 5ervlce and communSty centre provislon.. - Commvnlty Connectors setvlce Demenlla Support Opportunit1¢5 for vc4unteering We continue to play a key role in the local mulll-dbsclpllnary approach to supp)rtlrvJ peO￿e who have rislng health and s￿la1 care needs - the Proactive Antlclpatory Care programme. Informatlon •nd athilco A SFeciallst ser￿￿ whlch alms to Infomi people of thelr cholces, empower them and ensure they are recdvSng all thelr flnanclal and other entitlements. ACHIEVEMENT AND PERFORMANCE Ch•rltable •rtlvltle* In iotol durfn9 2023-24 we wrked with 2.873 unlque Indlviduals, provldlng gJPP)rt to 24% of the borough's re￿dents aged 85 nd over, and 28% of the 90+ populatsjn. Our 39 volunteer befrlenders SUPFQrted 85 1501ated Dlder people with re9ular phone calls and vlsts be￿leen l and 3 tlmes per week. In total they made over 920 calls as well as over 1,220 home vlslts during the year. Day ServSces and Help at Home servlces 5UPP)rted 425 pèjple btheen them, prowdlng 12,204 houts, supporL Our Home from HoSF4tal Team prowded 96 Individuals wlth practical asslstsnce. Informauon and a￿(e, and follow-up support. Our Handyptrson servlce 5UPFOrted 225 peoFle wf(h 755 home vlslts. Our Informatlon and Advlce ser￿￿ (lealt with 1,180 unlque clients over the year. Our Social Prescribers dealt with 1,228 indNiduats, SUPPDrting 11 of the bcffough's GP practices. Our Communlty Team provlded guidan￿ and hdp to 227 individuals. Our Proattive Anticipatory Care team coordinated caTe for 143 Individuals. AGE CONCERN KINGsfoN UPON THAMES (REGISTERED NUMBER: 02272550) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Meaningful Sodal Artivities and Support Day Serylces L￿elIneSs, inacbvty and isolation are major problems for our ￿eIng powlatlon these are amongst the issues we aim ddtess through the provision of high-qualoty day seN1￿5 at Ralelgh House and The Bradbury. Buihliws Whe￿ servlces for the communlty are housed, and from wh￿h they are delivered, offer a huge opportunity to respond flexibly and creatively to the needs and aspiratSons of a wide range of people. Through a hub and spx)ke model we alm to offer services and facilities to the wider ccmmunlty, as well as to people us5ng Centres on a weekly Dr daily basis, The huts provide an extensive range of acti￿￿e$ and seNKes under one rLhJf and att as bases for our community outreach seNices, the Community Team, Cornmunity Connectors (50cial prescrlblng seNce), Proartive Anticipatory Care team and Help at HomelHandyperson. There are no comparèble venue5 elsewhere which are accessible to any older person. Our ￿ntre5 al￿ play a vitsl part In suppJrtiThJ carers ènd providing respSte. Our experience and ewdence demonstrate that our day serybces play an important in preventing older people from becoming Isolated and inactive, with consequent Impact on their overall physlcal and mentsl health and wellbeing. Our users come from all parts of the borough and many have multiple and significant needs, including dementia and learning disabllilies, as well a5 physical SmpaSrments. Raleigh House caters for very frall people who need personal care; The Bradbury Centre is geared towards those who are a￿e to look after theSr own personal care. However, both serylces are 'universal' In thot they are open to all older people who Ilve In the t)orough. Our new Day OpporbJnlties contrart with Kingston Coundl came into effect durirrfj thls financial year, pYDvlJing a more vlable fundlng base for the conUnued development of our much-needed day services. Our approach remalns to evolve our service5 tg meet the changlng needs and chokes of older people and tcs adapt and d￿￿0P within the financ￿1 constraints we Ynrk wlth. The lorvJer-terrn effects of the Covid-19 pandemic and lockdowns remain manife*, with a dramatlc I￿rease in the proportion of people livlng with demenbo using our day Se￿re5, typically to PrO￿de much-needed resplte to unpald carer5. The people we supp)rt are frailer and their needs are more complex than ever before. cl￿ Study 'Dlana' was referred to Staywell by her GP In 2021. Havlng prevlously been a very Independent and capable person, she had suffered an almost immediate change in her capabilltles following the death of her husband In 2018. Over the course of slx rnonths her memory declined 5ubstanllally and w4thin a year she requlred a great deal of support from her son and daughter"in.law. She suffered wlth depresslon, memory iswes and frequent episode5 of crylng, At this time she was prescrlbg medicauon for anxlety and attended a local day centre on an ad hoc bosi5. Diana's attendance was patchy - she would often fo¥get to go and wèsnl enthusiastlc about it. When Covid hit in 2020 thi5 day centre cLosed. The impact of Covld lockdown on Dlana was great,. she decllned ra￿d￿ d¥lte bang in a 5UPPQrtNe bubble with her 9)n and daughter-in-law and her dlabetes splralled out of control. Diana started to attend Ralelgh House once a week when the centre r*opened after Covid restrfctlons We￿ eased. Her daughter-ln-law accompanied her at first as Diana dldn't know any other aLten(*es and was a littk nervou5 to leave the house. Her diabetes was 5ts'11 an Issue and her daughter-ln-law fdt that Increa9ng Diana's attendan￿ would ensure that she was eatlng more appropriate diet and tsking her medlcalion. It would also Increase her wal contact and mental sumulatlon, which might help slow the symptoms of her demenb'a. Regull3r Op￿rtUnf(ieS to be moblle would also prolong her physlcal independence. It meant a lot to Diana's family that she would be able to remain Ilving In her own home for as long as posslble. Since then. Dlana's attendan￿ at RaleSgh ha5 gradually incieased, and she comE5 fwe days a week. She also took up dally vlsits from our Help@Home servlce, helping her to wepare meals and encDuragSng her to get ready for bed and sdett her dothe5 for the followlng nN)rning. She used our Handyperson seNce to fit a key safe to her property to allow carers to access her home. Staywell staff constantly monitor Diana's needs and have adapted the Servi￿ she ￿1VeS according to these. She recelves hairdressing, podlatry, a r￿jular shower and teeth cleaning at the centre and re￿Ve￿ her Covid ￿oSier there. We maintain regular contsci with her relative5 and stepped in to help when Diana's bcaler broke down whllst her famlly were away on holiday. Without these services tl'ana would undoubtedly be In residential care. AGE CONCERN KINGSTON UPON THAMES (REGISTERED NUMBER: 02272550) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Befrlendlng Stswdl's befrbendlng and cornpanlonshlp se￿￿ include one-to-one befriending. telephone b@friending and social activities within our Social centres offering regular Social contact and emotional support to older and lonely adults over the age ￿ 65 years, prwding friendshlp and helpin9 to promote a feeling of self-worth. 71% of clients are aged 80 and over. Our FaNS (Friendly and Nebghbourfy Support) projert was Set up in 2019 with National Lottery funding to develop and irLrease the capacity of our befrlend5ng and companlonship servKes and we are grateful to the Nat￿nal Lottery for a secor¥J tranche of fundlng frorn November 2022. Oemarnd for befriending remain5 hlgh twt we continue to find It more difficult to recruit new volvnteers since the pandemic. At the end of the financlal year we had 39 volunteer ￿efrienderS, each of whorn was in touch with between one and ten people, offering support, frlendshipi contact with the au&de world, providlng emotional support and reasgjrance where they could. The contr"nuing impact of our befriendlng serv1￿5 Is due to the way that our teams work across servlce and organisatk)nal boundarie5. Our volunteer befrfenders are supported not only by the Coordinator funded by the Lottery grant but by a wlder team wlth the sk1115 an(J expertise needed to reswjnd to clSents' often complex needs. Thls provide5 ccfjfldence and reassurance to our volunteers, clients and the professionèls makn'ng referrals. Our local knowledge and strong parts)ership connecticns, particularlv with Primary Qre and our voluntary sector partners ensure that we are Ilnking people to the rbJh¢ local groups and resources. Thls rneans that a volunteer befrlending relationship arranged through Staywdl's FaNS project wlll have an Impact on more than lonellness and isolation. People are connerted into the Staywell community and consequentty exposed to a range of appropriate local seNces tsllored to thelr needs and preferen￿. DemaThd for befrlending conllnues ￿ grow, we continue tr) recelve a steady stream of referrals ftom health and 50clal care partners for people who are lone￿ andlor Isc4aled. More people want faCtrto-fa￿ conta¢ rather than phone calb alone. Ln the past year we have expanded the scope of belrlendlngi to Include outsngs aTrJ small group walks. Home Support Servlus Help at Home Our Help at Home service provides supwrt with a range of practical tasks in and around the home. It Is anolher example of servlce where'that little blt of help, makes a slgnlfjcant and measurable dffference In the live5 of older ￿oPle living independently at home. This char9eable se￿ce Includes cleaningi laundry and Ironings shopping. cooking and other househ&d tssks, as well as accornpanying clients on ou￿ngS and to Op￿intrnents. Each cllent re￿Ne5 a home assessment and 15 matched wlth afi experienced home-hdper. In 2023-24 we provlded over 12,000 hours of help, to over 200 peoF4e. Help at Home enables people to stay living indeFendently in thdr own homes who would unable to do so wlthout the support provlded. This often also provides great reassurance to families, many of whom I￿e far from their Soved ones, induding overseas. The Servi￿ ha5 grown as it has demonstrated ts worth In provlding flexible sUp￿rt to meet people's variLxl needs. Including many people who contlnued to soclalty isolate at home for months after restrfctbns were officially Ilfted. Help at Home's unique selllng point is its close Integra￿0￿ with our other semces, gi￿ng staff, as well a5 cJi￿t5, easy access to range of support and ex￿rtise to hdp pe￿e deal wlth the myriad of Issues that ageing can bring, The Help@Homers are tralned to be famillar with all our a(￿VI￿.eS, and to mOn￿Or their clients for changes in their circumstances which might mean they could benefit from another Staywell 5eNce'. a Handywson visit or a benefrts check, for example. We receNe no external funding for thls servlce; all income Is generatsd through tharges. Durlng this Feriod the se￿1￿ has 5UPPOrted our Home from Hospitsl xheme, with that fundlng enabling us to offer up to gx hours of free support to people 65+ to help them setde back in at home when dixhargej. AGE CONCERN KINGSTON UPON THAMES (REG[￿ERED NUMBER: 02272550) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 Handyperson Service Our Handyperson servlce offers a raThJe of simple and Iow-c()5t interventlons induding small ￿lIdIng repairs, minor adaptstlons such as the Installation of grab rdils and key safes, 'odd' job5 {such as putting up curtain rails, movlng fumiture), fa115 and accident ch&ks, and home safety and energy efficiency check5. The￿ are the tyres of Inten￿ntiOnS whlch en?￿e older, dlsabled and vulnerable people to live independently In their own homes for longer, in 9reater levels of comfort and security. In addltlon, we offer garden ￿d￿n9 and grass cuttin9, tAus one-to.one computer tuition and help wth setting up laptops, tuning in and troubltrshooting problems with TVS. The service Ss ￿ppOrted by volvnteers. Evidents consistently shows that older people pbce great value on servlces that provide'that little bit of hdp, and enable them to remain living Inde￿n￿entlY in their own home5, and there is considerable demand for the semce. Stawdl's Handypersc scheme also works in an integrated way with our other serviees, notsbly our Community Team and InfomatJ¢Jn and Adv1￿. We recelve no external funding for this semce. all Income Is generated thrwgh charge5. Klngston Communlty Furnlture Kingston Community Furnthre (KCFI ttas been part of Staywell foi ten years. Its goals are.. to provlde high quality reusable fumlture to anyone experlencing deprivauon cjr social eKclu51on to dlvert wasle back into reuselrecycling and away from landfill as a means of e￿oUraging environmental suslalnab115ty together with a reduction In carbon emlssions to generate voluntsry and work placement opp)rtunlties for anyone experlenclng marginali5ation and encourage thelr Integratlon into the communlty. KCF Is based In Kingston trDrough, where it has a warehouse and collects re.useable fumbture free of charge. It has a pop-up shop In neighbouring Walton-on-Thames and provides 'bulty waste, collecbon Servi￿ to households in the Surrey boroughs of Elmbrldge, Epsom & Ewell, Runnymede and Spelthorne. KCF supports our Home from Hosptsl Servi￿ by removlng and rearranglng furnliure In people's home5 to creaie space for hospital beds and equSpment. We were glven nouce by Kin9Ston Councll that they would no longer commlsslon KCF from Aprll 2024. We were successful with grant applicatron to svpport the work into 2024-25. Communlty Team Older ￿￿PIe la￿ heightened rlsk of admlsslon to hospital or resident￿1 care as a result of ill-health (Including mental ill-health), disability, social isolation, unsuitable housing and loss of 5UPPJrt networks. However, the ageing process is not necessarily one of progress6ve decllne and, by working with Feople In a targeted way, our experien￿ demonstrates that there are multiple opportunlties to effect positive changes that will not only reduo A&E attendance and unplanned hospltal and residentkil admissions also Improve the quality of life and s)fety of older I￿pIe Ilvlng In their own homes. Thls communlty outreach service, delivered by a small team of part-time staff and volunteers, 5UkV?rted 227 older people, 74% of whom were aged 80 or over. People referred by a GP or other profe551onal usually need support with Independent li¥Ang due to frailty- Clients are very often housebound. A Communlty Team worker or volunteer visits each person in their home and discusses their situadon Including medical hlstory, how they manage activities of daily living, hovsing 51tuation, incorne and benefit5, levels of soclal contatt and r¢sk LTrf falls. The objective is to 5UPPOrt and encourage people to tske up appropriate sources of YJPFL)rt which will help them regain andlor retain their independence. sin￿ the pandemic the se￿￿ has seen an incwse In the levels of complexity in clients refer￿, including people wlth undiagnosed demenb'a alongside physical 111-health and people self-negletting andlor living in unsutstle accomrnodation. One of the strengths of the Community Team is its ability to respond flexibly to Fwple's changing needs, and speedlly hamess the expertise of Stsywell's other servi￿, such as Infomatlon and Advice, and BefriendirrfJ and It works close￿ alongsde our Communlty Connectors social prescribing seNce and PAC (Proactive Anticlpètory Care) Coordinators. GE CONCERN KINGSTON UPON THAMES (REGISTERED NUMBER: 02272550} REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The nv)del of engagement used by the Community Team fosters a relationship of trLtst tecause it places the focus on the older peTson's aspirations, and what they would like to do to stay well. rather than on assessng their entitlcffienl to Se￿￿5 or their financial means. This. together with its ablllty to offer people èn extensive cholce of seNices prO￿ded by Stsywell and other agenaes, plus Stwell's long-e5tabltshed and strategK p￿ItIon in the local health and social care system, is at the heart Df its success. This work was put out to tender ￿ Kingston Counc51 In autumn 2023 and we were successful in winning a new thretryear contrart from April 2024. Case Study 'Eliza't aged, 88 was referred to ￿T Community Team due to so(Jal isolation, needlng pracilcal suppjrt and to eXpl￿e downyzlng from her current home. When we made contacL Ellza was very tearful after loslng her daughter earlier In the year. She was very undecided abwt everythingi could not make any decisions and seerned lonely. With Eliza Identifled that she needed encouragement to soclallse; She wanted Lweavement counselling. a stalrllft due to her arthrftic knees and help with her garden. We made Introductory visits with her to a local day ￿ntre and older people's club, Ilnked her with our Handyperson serte for gardening and wllh our Information and Advke fci Dlal-a.Rlde and Attendan￿ ￿loWan￿. We also liaised wth the stairlift cornpany on her ￿ha￿. Ellza was put cn a waiting list for bereavement counselllng. Although she remaSned undeclded atrwjut mowng. her Attendance lowance application wa5 successful. She enjoyed one of the local clubs ?ThJ now attends or three times a week. She Is more outgolng and confident meetlng people and has teen on outings to the seaside. Hom• from H￿pIts1 Servlce We successfully applled to the South West London Health Integrated Care Board {ICB) Innovatlon fund to continue provldlng our Home from H05Pital *rVI￿ during 2023-24. Additsonal 'Winter Pressures, fundlng from Klng5ton Hospitsl Foundation Tru51 enabled us to Increase capacity over the winter pedod. The objethve of thls work Is to suppjrt older, frall people to be dlscharged back home more quSckly, 5afdy and sustalnably than might olherwlse be poOb￿. The Servi￿ work5 on a proactive in-reach model to ty and bulld relatlonships of tru5L wlth peoF4e whllst sts'll in hospltal and lo build relationships with clinical and social servlces staff In or￿r to promote use of the serwce. The skills and extensive communlty kno￿edge of wr other outreach se￿1￿ enables us to dellver the servlce in an agile way. For example, our Help@Home se￿￿ can shop and make meals for people returning home and Klngston Communlty Fumlture vehlcles and manpower provlde the wactica1 means of creating microenvironments (rooms which need to te rearranged to accommdate a hospltal bed and other equipment) in people's homes. We were 9Jccessful In applwng to the IC8 Health lneqUal￿}es Fund to continue developing this work from January 2024 to March 2025. Health and Wollbeln9 Proactlve Antlclp•tory Care The Proacbve Antlclpatory Care Modd (PACI is Kingston and Richmnd's Mu￿1-dIsCIplinary approach to worklng wlth wple who have rising health and care needs. The PAC team include5 GPS, community, adult social care and hO5￿￿1-baSed Se￿￿ worklng together to provide more proacuve and ccN)rdinatsd care. The approach helps people to stay healthier for longer, reduces the need for reactive heath care and supwrt5 work to address the ￿der determinants of hea￿h. helping to find ways of keeplro local people well, for longer, In the past year our PAC Care Coordinators, working w(th New Malden and Worcester Park PCN, which spearheaded the eriglnal PAC proof of concept, supportgj 143 client& These ￿rdInatOrS, who are at the heart of the nKJdel, help people plan-ahead, be mre in control arKJ manage changes in their heath and wellteiNJ, hamessing the tonsbderable strength of wothng tL>gether a5 I￿al C￿mUnIty. AGE CONCERN KINGSTON UPON THAMES (REGISTERED NUMBER: 02272550) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Communlty Connectors Setvke Our tearn of Community Connectors provlde sock31 wvAriÈ4ng on behalf of 11 of the borough's GP Prattl￿S. The roles are funded thrO(￿h the NHS Addltional Role5 ReiMbur￿ent Scheme or'ARRS'. The Connettors work with referred individuals 18+, drawing on their strengths, interests and skil& (assets} in order lo identify goals to improve the person's quallty of life, health and wellbein9. The focus. where possible, is on self-helplsupport. and self-care and managernent, enabllng people to access and use voluntary and commt*nity serv￿e$ and resources wherever possble, as wdl as maintsining the indfvldual's Independen￿ al hrxne. Individuals a￿ encouraged and supported to engage with services through motlvational discusgons, escorting a perwn to a seNKe or programrne of actNllles, researching and introducing other comrnunity options etc. The pre55ure of demand on other SUPFQrt seNces L￿th voluntary Jnd statutory and lyJ1￿-up of Wa￿Ing lists - or lack of any services, notably Sn gJwrtln9 people wth their mental heatth and housing needs place5 pressures on the Communlty Connector service. This has been sustain&l through dose team-working¢ peer gJPPQrt and wbde sharing of the ski11s, experbse and local knowledge across all of Staywell's sermces. Our plans for the future are to contsnue to help Ictal GP practices provlde personalised support to people whose social sltuatior add majtsr challenges to leading a healthy an¢Y happy life, as part of the diive to tsckle health Inequal￿e5 and improve pcpulatMJn health and wellbang. Inft¥rm•tlon and Ad¥1 C*Jr Informat5on and Advice sermce's typical cllent Is aged t)theen 80 and B9; 3 hlgh prop)rtlon of them Ilve alone. The bJlk of the work involves age-related benefits, support at home, houslng Issues and accessible transport. Inci)me maximisadon is a key area, In whkh we alm io be proathve, asslstlThJ clients to access benefits suih as Attendance Allowance, Penslon Credit and acc&ble transport schemes, We recorded 274 SUcces￿uL flnanclal outcomes for 225 cllents, the value of which was £181,889. We also adv15e on appolnteeshlpS1 lasting EK)wers of attomey and w1115, and Inform famllies anii carer5 atr￿ut care needs assessments and ca￿r,$ èssessments. We contlnue to provbde an Alternative offi￿ for the Department of Work and Pensions (DWPIS processing dlsability tenefit appllcatlons on Its behaw. Thys work was put out to tender by Klngston Coundl in auiumn 2D23 and we were successful In wlnnlng a new three-year contract from Aprll 2024. Information and Advlce remalns an important gateway for older peO￿e to a(￿$5 5UPPOrt Serv1￿5. In the Increa51ngly dlgttal workl, our in-person approach is highly valued by clients. We will conbnve to champion hlgh-quallty, iMpa￿al, Inforrnation and ad￿ce and believe Stls crucial for older people, their famllles informal carers, and a fundamental part of our Se￿￿ portFdlo. Opportunltles ft>r volunteerlng Volunteer help is central to the successful dellvery and the character of OUT servbces. Although It has trkcome more dlfflcult to recrult volunteer5, 72 kxal Feople gJppJrted our seNices by volunteering in a varfety of roles. Vdunteers do not lust bring a measurable financial value to our work; they bring a wealth of skills, exwence and knowle(Sge not least locèl knowledge - and often personal experien￿, for example, os a carer or a servte-user. They add a I￿hnesS to our service provislon which cannot ￿ quantified. Wopklng In partnershlp Staywell is the laryest voluntary seLtor provider of serwces In the torough of Klngston, and we spent over £1.89 million charitable acknwties in 2023.24. As we evidence within this report, all our seNces work together in an integratsj way, in partnership with the person and thelr network and with colleagues in other organisations, both statutory aThJ voluntary. They are designed to work COheren￿Y to help prevent and dday S11-health and unnecessary admission into hospltal or, prematvrelyi residential care, whilst also helplng tg mainlain and improve people's physical and mental wellbeingi enablin9 them to rerTr3in ath.ve and iTrJeFendert in th￿r own homes, in our centres and in the community, thueby bolstering community ￿111￿￿. AGE CONCERN KINGSTON UPON THAMES (REGISTERED NUMBER: 02272550) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Investment Performance During the year under revlew, the income return achlev8J on OUT Investment pjrtfolio managed by Rathbones was 8.4%. The property investments held by the organlsation produced a return of 7.45% on their capltal value. The short-ierm cath dek>)slts eafned interest at an average rate of 0.4%. FINANCIAL REVIEW Flnancial position The Statement of Flnancial Prtivities shows a net surplus at the year.end of £94,189. Prlnclpal fundlng sources The charitable company receives and acknowledges money from the Royal Borough ol Klngston upon Thames for the provIsl￿ of Informètion and Advice, CC￿munity Team, and day seFvlces {Ralelgh House and The Bradbury}- We also acknowledge 9JPPOrt for KCF from the Royal Borough of KSngston Reslllence Fund, Funding from the NatSonal Lottery has enabkd us to mointain our FaNS befriendlng Kdvlty, and we are 9roieful for thdr gjpm. We recelved and acknowledge fundbng frorn NHS SW Lcfidon Proactive Andcipatory Care and our Home from Ho5￿￿1 se￿Ce and from KSng51on's Prtmary Care Ne￿OrkS for the Community Connectors scJut our work and the needs of our u5er5 and have skllls and experlence in wide variety of fields, including soclal care, healthca￿, local government, and the commercial sector. Ongoing training and development Is prowded in warlous ways. Trustees partlclpate Sn strategic planning and other devebpment sessions alongside staff, voluntew5 and other stakeholder5. Tru51ees also meet frorn time to time betsyeen Board meetlng5, to fcKus on development of their skills and understanding of the Organisat￿n. Senior staff and managers periodkally attend Board meetings to give presentations and update Trustees on developments affettlng the work of the organisation. Key m•n•gement remunerjtlon The pay C*f the Chlef E￿rUtiVe is set ty the Board. The pay of the remalnlng Senlor Management Team, and staff is r￿eWed annually by the Finance Group, in Ilne with both market condltlon5 and affortlability for the charity, and a proposal submitted to the Board for thdr aryroval. Wlder network Staywell Is an IndeFendent local charity. We are members of the National Counci5 for Voluntary Organlsations. We are the ￿ad provider in a network of voluntary settor organisations in ￿ngston contratted to deliver a range of services that womole resilien￿ and 5Dcial connectedne5S. -li- AGE CONCERN KINGSTON UPON THAMES (REGISTERED NUMBER: 02272550) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 02272550 {England and Wale5) Reglst•red Charlty number 299988 Reglstemd offlce Ralelgh House 14 Ndson Road New Malden Surrey 35E4 TN$t4es Ms E Atchlson MrsACQnn Ms C Fitzgerald Dr D Stinson Mr A J Shervllle Dr J C H D'souza Mr R P Philllps Audltors artley Fowler LLP statutory Auditors Chartered AccL)untsnts 4th Roor Tuition House 27-37 St George's Road Wlmbledon London SW19 4EU Chlef Executlvfj Offlcer and Company S¢cr•tsry Mr S Brennan B•nkens CAF Bank Ltd 25 Klngs Hlll Avenue Klngs Hlll West Malllng Kent ME19 4JQ Handelsbanken I Wheaffidd Wav Klngston up)n Thames Ktl 2TU Nafjonal Westmln5ter Bank Mc New Malden Branch 64 High Street New Malden 34HB Invegtment Manager• Ratht*)nes Investment Management Port of knverpool Building Pler Head verpool L3 INW .12- AGE CONCERN KINGSTON UPON THAMES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2D24 STATEMENT OF TRUSTÉES, RESPONSIBIUTIES The trustees Iwho are also thE director5 of Age co￿rn Klngston upon Thames for the purposes of company13w) are resWns￿bl¢ for preparing Report of the Trustees and the financkl statements in accordarte with applicatrAe law and Unlted KingL Accounfing Standards Ivnlted Kingdom Ger*ralty Accepted Accounting Prartlce) Inclutjhg Financial Re￿rtIr￿j StsrKSard 102 Yhe Flnanclal Rewrtiro Stsndard app11¢3ble In thè UK Republic of I￿￿nd.. cOm￿nY law r&Julres t1￿ trustees to prepare financial Statements for eKh fIna￿L41 year which give a true and fafr v￿W of the state of affairs ol the charitable company and of the IncomirKJ resources 3nd applicatlon of resour￿5, ]￿LUding the Inco￿ and expendlture, of the Charitsb￿ company for that perid. In preparing th¢se nnanci& statements the tru*es a￿ requ[￿ to select suitsue accountlng wJlicI￿ and then aprAy them consistently,. otseNe the method5 ènd princIp￿S In the Charlty SORP,. make luygements arKI estSmates that are rea￿Dable and prudent,. prepare the financial staten￿ts on the wr*J cOn￿M LRsis unless ￿ ts InaptKoprlate to pre5umt that the chatitable company wlll conunue business. The trLStees ao resFOn$lb￿ for keeplng proper a¢tountSng record5 wh￿h dlxb5e vI￿h reag>nèbie accuracy at any Urne the flnancial pDSI￿On of the charltaNe company and to ena￿e them to ensure that the flnanclal statemants comply ￿th the Q)mpanie5 A¢t 2006. They are also responslble lor safeguardlng the assets of the charltsbk cornpny and herKe lor tsklng reasonab￿ steps for the preventson and detectlon of fraud and other Irregularitles. In so far as the trustees are aware.. ¢t￿e 15 NJ relevant audlt Informatlon ol whrh the charltsb￿ compails audltors a￿ unawa￿. and the trustees have taken al steps that they ought to have taken to make themselves awafft of any ￿levant aLQIt Infomatkin and to e5tabitsh that the audltors are awa￿ of tI￿t InformatloTh. AUDXYORS The aud￿¢￿, Harfey Fowler LLP, wlll be proposed for rtrappolntment at the forthcomlng Ant)ual General MeetlThJ. Thi4 report has been trepared In accordan￿ wSth the speclal prov&ions of Part IS of the Compan￿5 Art 2006 r￿￿ng to small companles. Approv&1 by ordox of the board of trusree5 on .......... nd slgned on Its behalf by: Cr Mr R P Phllllp5. Trustee -13- REPORT OF THE INDEPENDENT AUDThORS TO THE MEMBERS OF AGE CONCERN KINGSTON UPON THAMES Oplnion We have audited the financial statements of Age Ctsn￿rn Ks'ngston upon Tharnes (the 'charitsble company,) for the year ended 31 March 2024 which comprise the Statement of Finanaal Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, includlng a gjmmary of significant accounting policies. The financyal reporting framewort that has been applied in their preparation is applicable Law and United Kingdom Accountlng Standards (United Klngdom Generally Accepted ￿COunting Practiol, including Financial Rewrtlng Standard 102 'The Financlal Rewrting Stsndard applicable in the UK and Republic of Ireland,. In our O￿nIOn the flnandal 5tatements.' give a true and fair view of the stste of the charitable company's affairs as at 31 March 2024 and of Its Incomlng resources an aPpI￿ation of resources, including its Incorne and expenditu￿, for the year then ended; have been properly prepared in accordance with United Klngdom Generally Accepted Accwnting Practice, including Onanaal Reporting Standard 102 The Flnancial Reporting Standard applicable in the UK and RepublK of Irelond,; and have been prepared acc￿dance with the requirements of the Companies Att 2006, Basls for oplnlon We conducted our audit In accordance wlth International Stsndards ¢)n Audib'ng IUKI (ISAS (UKII and applicable law. Our responsibililies under those standards are further descri￿￿ in the Auditors, respon9￿'11tleS for the audit of the flnancial statements section of our report. We are independent of the charitable company In accordance wlth the ethlcal requirements that are relevant to our audit ol the flnancial ststements In the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethlcal respK)nslblllties In accordan￿ wlth these requirements. We believe that the audit eviden￿ we have obtoined is sufficient and apprwlate to provide a basis for our opinion. Con¢lu•ion$ relatlng to golng concern In auditing the flnancial statements, we have concluded that the trustees, use of the going c0fi￿rn ba515 of accountlng In the preparation of the financlal statements is appropriate. Based on the wor* we have Ferformed, we have not identffied any material unortainties ￿lating lo events or condltions that, indfvKJually or collecUvety, may cast slgnlficant doubt on the charltable company's abllity to conts'nue as a going cOn￿n for period of at leost ￿e1ve rnonths from when the flnancial statements are aulhori5ed for Issue. Our res￿nSIbIlItieS and the re5ponlbllltles of the trustees wlth reS￿￿t to golng concern are descrlb&J In the relevanl $￿tionS of thls rep)rt. Other 5nformatlon The trustees are responsible for the other Infomatlon. The other lnf0rfna￿on comprlses the InfOrMa￿On Induded in the Ann￿1 Report, other than the flnancial statements and our Report of the Independent Auditors therLx)n. Chjr opinlon w the flnancLIl statements does not cover the other Informètlon and, except to the exient otherwlse expllcStly stated in our report, we do ngt exwess any form of assurance conclusion thereon. In connection wSth cNJr audit of the flnancial statements. our respongbility is to read the other Informatlon an(i, in d￿ng so, consider whether the other informatSon is materially inconsbstent ￿￿th the financlal statements or our knowledge obtslned In the audSt or otherwise appears to be materially mi5ststed. If we identify such materlal inconslstencie5 or apparent rnaterk31 misststements, we are requlred to determine whether thi5 glves rise to a material misstatement in the financial ststernents themselves. If, based on the work we have perform￿, we conclude that there is a material mi55tatement of this other Informatlon, we are rLFuired to repcrt that fart, We have nothing to rep)rt in th15 regard. Opinions on other matters prescrlbed by the Companles Art 2006 In our oplnlon, based on the work undertaken in the course of the audit.. the informabon given in the Report of the Trustees for the financial year foT which the financlal statements we prepared bs consistent with the financial statements; and the Report of the Twstees has been prepared In occordonce with applScAble legal reqU1￿Ments. -i+ REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF AGE CONCERN KINGSTON UPON THAMES Mjtters on whlch we are required to report by exception In the light of the knowledge and understanding of the charitsble company and Its environmenl obtalned in the course of the audlL we have not idenb'fied rnaterial mi￿tements In the Report cl ihe Trustees. We have nothing to rep)rt in res￿ of the following matters where the Companles Art 2006 requires us to report to yw if, in our opinion.. adequate accounUr4J records have not been kepl or retums adequate for our audit have not been rtteived from branches r#)t vI￿ted by us; or the financial staternent5 are not in agreement with the accounting records and returns,. or certain disclosures of trustee¢ remuneration specified by law are not made,. or we have not received all the information and explanallons we require for our audit,. or the trustees were not entitled to take advantsge of the small companies exempdon from the requlrement to prepare a strategic Rew)rt or in preparing the Report of the Trustees. ReJpon$lbllltles of trustees As explained more fulty In the Statement of Trustees, Responsibilities, the trustees (who are a150 the dlrectors of the chadtable company for the purp)ses of company law) are reSE￿nSIble for the p￿paratIOn of the flnanckil stakments and for belng satisfied that they give a true and falr vlew, and for such internal control as the trustee5 determlne is necessary to enable the weparation of financlal statements that a￿ free from material mls5tatement, whether due to fraud or ericr. In p￿parIng the financial ststernents, the trustees are responsible for assesslng ihe charftable cornpanvs ablllty to continue as a golng concem, discloslngi as appllcable, matters related to golng concern and uslng the going concern basls of accounting unless the trustees eIth￿ Inte￿ to Ilquldate the tharltat4e ￿￿panY or tD cease operatSons, or hève no realisdc a￿eMatiVe to ¢Jo so. REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS OF AGE CONCERN KINGSTON UPON THAMES Our responsibilities for the audit of the financial ststements Our objeLtive5 are to obtain reasonable assurance about whether the financial ststements as a whole are free from materk41 mi55tatement, wheiher due to fraud or error, and to i59Je a Report of the Inde￿ndent Auditors that indude5 our opinion. Reasonable assurance is a high level of assurance, is not a guarantee that an audit Cc￿dUCted in accordan￿ with ISAS (UK} will always detect a material misstatement when it exists. Misststements can arise from fraud or error and are considered material if, individually or in the aggregate, they could rea￿nablY ￿ expected to Influen￿ the economic ￿ls1On5 of users taken on the ba95 of these financial statements. The extent to which our procedures are capable of detetting irregularities, Includlng fraud Is detall&J below,. We Identlfy and assess risks of material misstatement of ihe financial Statements, whether due to fraud or error, and then design and perfomi audit procedures responswe to those ri5b, intluding obtaining audit eviden￿ that is sufficient and appropriate to proMde a basis for our 0￿.n￿)n. In Identlfying and aSSeS￿￿j rlsks OF matsrbal mlsststement in re5pert of Irregularilie5, Induding fraud and non-compliano wlth laws and regulauons, we considered the followlng.. -the nature of the Industy and sector, control environment and the charlvs athvfcles. -results of our enquiries ol management about their own Identifica￿On and assessment of the rtsks of Irre9ularitles; -any matters we Identffted haww obtained and r￿eWed the thèrltable company's documentauon of thelr wllcles and procedures rdatlng to.. Identlfyingl evaluatlng and Corn￿ying wfth laws and wulathjns and whether they were aware of any Instances of non -complIan￿. - detecting and respondlng to the rfsks of fraud and whether they have knowledge of any actual, suspected or allèjed fraud: the Internal controls estsbllshed lo mIt￿ate rlsks of fraud or non"compllance with kiws and regulatlon5' the matters dlscussed among the audit engagement team regardSng how where fraud mlght occur In the flnanclal statements and any wential Indicators of fraud. As a result of these Pro￿Ures, we consKlered the opportunitie5 and incentives that may exist within the organisat￿n for fraud. In common with all audits we are also requlred to perform specific procedures to resp)nd to the rlsk of management overrfde. We also obtalned an understanding of the legal and regulatory framework that the charltable company operates in, The key law5 and regulations we considered in this context included the cha￿tieS Act 2011, UK Companies Act and tsx *91slation. In addltlon we consldered provlslons of other laws and regulations that do not have a dirert effect on the flnanclal statements but complIan￿ with whlch may be fundamental to the chartt3Ne companys ability to 0￿rate or to avdd a material penalty. As a result of Ferforrnir4J the above, we did not Identify any key matters ￿lated to the pjtentlal rfsk of fraud or non-complknce wlth laws and regulations. Our wocedures to resp)nd to risks identified included the followSng: rewewing the financial ststement disclosures and testy'ng to supporting dc￿Umen￿tfj0n to assess Complian￿ with provi&on of relevant laws and r&Julations descrlbed as hamng a dlrect effect on the financial 51atements.' -enquiriNJ of management con￿Ming actual and potential litigation and claiffts,. -performing anatytical procedures to KIent￿ any unusual or unexpecied relationship5 that may indicate risks of materwl misstaternent due to fraud; -rewewing minutes of meetings of those charged with g0veman￿, revithying intemal reports, and -Sn addresslng the risk of fraud through management Dverride of contro15, testing the appropriateness of joumal entries and other ad]'L￿tMentS, assessing whether the jLKlgements made in making ￿countIng estirnates are indicatjve of a potential bias and evaluating the ￿sInesS rationale for any significant transactions that are unusual or outside the nomial course of ￿siness. -16- REPORT OF THE INDEPENDENT AUDThORSTO THE MEMBERS OF AGE CONCERN KINGSTON UPON THAMES We also communkated relevant Klentffied law5 and regulattons and Fotential fraud risks to all engagement team ￿em￿erS and remained al￿( to any indication of fraud or noTrcomplIJn￿ with laws and regulat￿n$ thr￿ghr￿ the audlt. A further description of our respon%bilitEs for the audit of the financial statements is located on the Financial Reporting Counul's webslte at www.frc.org,uklaudltorsreS￿n￿bll￿e5. This description fomis part of our Report of the Independent Auditors. Use of our report This repDrt is made Sole￿ to the charitstrje company's merntws, a5 a body, In acCOrda￿e with Chapter 3 of Part 16 of the Companies Act 2(M)6. Our audlt work has been undertaken so that we might stste to the chantable compan¢5 members those matter5 we are requlred to state to them in an auditors, report and for no other puw. To the fullest extent pemitted by Saw, we ckj not accept or Bssume responsibility to anyone other than the charitable company and the charitable company's members as a btsjy. for wr audit work, for thls report. or for the oplnlons we have formed. Jonathan for and on ehall of Ha statutory Audltors Chartered Accountants 4th Floor Tultion House 27-37 St George'5 Road Wlmbledon London SW19 4EU enior ry Audltor) Fowler LLP 17 September 2024 -17- AGE CONCERN iaNGSTON UPON THAMES sfATEMEKf OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDrruRE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Totsl funds 2023 Total fvnds Unrestricted fvnés Restritted funds Not£s INCOME AND ENDOWMENfs FROM Donations and legacies 69,355 69,355 30,607 Charltable aclfvltles Kingston Day & Transport Services ngston Infomialion, Advi￿ & Advocacy ngston Community Ser￿￿5 Klngston Community Fvmlture 698,810 90.000 589,965 141,059 698,810 90,OOD 800,733 141,059 608,976 81,000 858,987 168,851 210.768 Investment income 113,992 113,992 106,667 Totsl 1,703,181 210,768 1,913.949 1,855,088 EXPENDITURE ON Charitable actlWtleJ Klngston Day & Transport SeNlces Kingston Information, Advice & Pdv( Klngston Community Services Klngston Communlty Furnlture 771,282 84,426 581,387 183,225 771,282 84,426 855,138 183,225 728,112 82,441 851,567 190,851 273,751 Totjl 1,620,320 273,751 1,894,071 1,852,971 Net gaSnslllosses) on Investments 74,311 74,311 {62,4891 NET INCOMEI(EXPENDrruRE) 157,172 162,9831 94,189 (60,372) RECONCILIATION OF FUNDS Totsl funds brought forward 4,074,847 65,254 4,140,101 4,200,473 TOTAL FUNDS CARRIED FORWARD 4,232,019 2,271 4,234,290 4,140,101 The notes f(ym part ufthese flnarKial ststements -18- AGE CON(￿RN KINGsfoN UPON THAMES ATEMENT OF FINANCIAL POSMON 31 MARCH 2024 2024 2023 Note5 FIXED ASSErs Ittswlble a55ets Tarvjible assets Investments Inve5tsnents Invethent woretty 12 13 5,992 1,456,036 1,456,639 1,168,498 I,L35,aoo 1,076, 1,135,IKJO 15 3,760,137 3,673,097 CURRENT ASSETS StsKks Debtors Cash at bank 16 17 I,OOD 252,901 384,154 I,Cw)O 209,804 420,817 638,055 631,621 CREDITORS Amounts falllry due withln one year 18 1163,902) (164,6171 CURRENT A￿E[S 474,153 467,C#)4 TOTAL ASSETS LESS CURRENT UABILrnES 4,234,290 4,140,101 ASSErs 4,234,290 4,140,101 FUNDS UnrestrScted fund5'. General fund ReVaI￿t￿ resÈNe 8ulkYlng development restswé TrdnsfonnatiDn FuTrJ Falr value reseNe Soclal Inyesth)ert Fund 21 1,376,621 t82,￿4 600,1 1,368,110 182,C64 1,200,(KJO 450,000 874,673 938,334 1,135,( 4,232,019 4,074,847 Re5tn'ctsd fuTrd5 2,271 65,254 TOTAL FUNDS 4,234,290 4,140,101 These financ￿1 statements have teen p￿pa￿d In accord￿￿ wlth the [￿SIc￿$ aptAicth to tt0ritaFk (nmpank5 sublett to the small companleg reglme. The fln)￿￿[al siaterr*Trts wue akyrovaj ty the Board of Tw*ees and aut￿rL%ed for Issue 12 Septemter 2024 and were skJned C￿ N5 bthalff ty.. Mr R P PhllliF6- frustee The notesfom wt of these fir￿￿￿01 State￿￿ts -19 AGE CONCERN KINGSTON UPON THAMES srATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating artivitl Cash generated from owations (130,179) (156,753) Net cash used In operating acuvltles {130,179) (156,753) Cash flows from Investin9 aLt￿￿tIeS Purchase of tangible flxed assets Purchase of flxed asset lnvestrn￿ts Sale of fixed asset investments Tnteresi received Divltlends receNed Rents recdved on investment property (2,358) (232,4651 214,347 3,170 26,218 84,604 (180,913) 158,199 2,757 26,998 76,912 Net cash provlde(I by investing actfvths 93,516 83,953 Ch•ng¢ in cash and cash equlvalents In the reportlng perlod Cash and cash equlvalents Jt the beglnnlng of th¢ reportlng perlod (36,6631 (72,8001 420,817 493,617 Cash and Cash equlvalents at the end of the reportlng PErlod 384,154 420,817 The note5 form part of these finanual ststaments -20- AGE CONCERN KINGSTON UPON THAMES NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 RECONCIUATION OF NET INCOMEI{EXPENDrruRE) TO NET CASH FLOW FROM OPERATING ACllVITIES 2024 2023 Net Incomel{expenditure) for the reporting perloo las per the statement of Financlal Actlvltles) Adjurtments for: Depreciation char9es (Gain)Ilosses on InVest￿nts Interest recelved Divldends ￿CeNed Rents received on investment propety Increase in debtors {Decrease)lincrease In credltors 94,189 (60,372) 7,747 (74,311) {3,170) (26,218) (84,604) {43,097) (7151 20.118 62,489 (2,757) (26,998) (76,912) (81,143) 8,822 Net cash used In operjtions 1130,179) (156,753) ANALYSIS OF CHANGES IN NET FUNDS At 114123 Cash flow At 3113124 Net ca Cash at bank 420,817 (36,663) 384,154 420,817 136,663) 384,154 Totsl 420,817 136,663} 384,154 notes form p3rt of these finoThual ststements -21- AGE CONCERN KINGSTON UPON THAMES NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 GENERAL INFORMATION The charitsble company is incorporated and domiciled in England and Wale5. The address gf its regbstered Offi￿ is Ral&gh HoLtse, 14 NdsDn Road, New Malden, Surrey. ￿3 SEA. The r4ister8J number of the company is 02272550. The registered numb￿ of the charity Is 299988. The financial infomiation presented is for the year ended 31 Marth 2024 and 31 March 2023. The financlal Infomiation i5 presented in stetling. ACCOUNTING POLICIES B•$is of preparing the flnanclal statements The financial statement5 of the charitsble company, whlch is a publlc benefft enbty under FRS 102, have been prepared In accordance wrth the Charities SORP IFRS 1021 'Accountlng and Reporting by Charrties.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Rewrting Standard appllcable in the UK and Republic of I￿land IFRS 102) {effective l January 2019),, Finandal fte￿rting Stsndard 102 The Flnancial Reporting Standard applicable In the UK and Rewblk of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historScal cost convention, wlth the exception of Investments whkh are induded at market value, as modifieii by the revaluation of certain assets. a) Pre￿ration of the accounts on a golng C£￿￿￿ basis The trustees consider that the￿ are no material uncertalntles al)out the chority's ability to conbnue a5 a gging COn￿M. In future yeats, the key risks tc* the charity are a fall in contractual and grant Income. The trustees have a seri&s of measure5 tu control, mitigate and mlnimise the effects of a fall in Sncorre, Including the development and maintsinbng of dlverse range of actMde5 and income Sn order to r8Juce the Nsk of 0ver-rdlan￿ on a single source, and a prudent reseThes policy. b) Slgnlficant judgements and estlmate5. Preparatlon of the flnanclal statements requlres rnanagemenl to make sSgnlflcant Judgements and estimates. The Items in the finandal staLemerit5 where these judgements and estimates have been made Include.. {1) TangSble fixed assets. Flxtures flttlngs and motor vehkle5 are deprecSated over their useful lfves taknng into ccount residual values, where approprlate. lil) Intsngbble fixed O￿ts. Devdopment costs Jre amortised over thelr useful Ilves tsklThJ Snto account resSdual values, where approprlate. 1111) Revaluation of investment properties and freehold propertie5. The charity carries its investment property and freeho property at fair value with changes In fair value being recognised in the stateTr￿nt of finandal acuvltles. (iv) Impairments. Management make5 Judgemwt on whether the￿ are any indKations of Impairments to the Cal￿n0 amounts of the charty'5 assets. (v) AllOcat￿n of costs. The all¢xation of support and governan￿ costs tetween charitsble and expeniiliure categories. Income All Incorne is rEtognlsed On￿ the charity has entluement to the income, it Is prOba￿e that the Income will be received and the am(yJnt of Income receNable can te measured reliaL4y. Income In respect of services provbded is recognised when, and to the extent that, perf0mlan￿ Dccurs and is measured at the falr value of the cons￿eratIOn receivable. The main source of income for the charity is contracts with the Royal Borough of ￿ngSton upon Thames and Clinical Care Commisgoner5 in respect of patient seThices. Grants, where entitlement is not conditional on the dellvery of a sp*afic performan￿ by the charty, are r￿nISed when the charity becomes unconditionally entiued to the grant. Income from grants, where related to performance and specific delwerables, are accounted for as the charity earns the right to the consideration by its performan￿. Grant income relating to a later period is therefore deferred to that perlod and treated a5 deferred income in the balaKe sheet. -22- AGE CONCERN KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- contlnued Income Voluntsry income is recewed by way of grants, donations a￿1 gifts and is Included in full in the Statement of Finanoal Actlwties when receivable. Donations are r￿ogniSe￿I when the charity has been notified in Wr￿ng of b)th the amount and sewement date. Legacie5 are ￿COgnISed ￿ a case-by-case basis followin9 the grantin9 of probats when the administratorlexecutor for the estate has communicated in wrlting both the amount and settlement date. Interest on funds hdd on depos(t Is Induded when receivable and the amount can be measured reliably by the charlty,. thls is normalty upon notificatlon of the interest pald cf payable ty the bank. DI￿dends are r￿￿￿nISed once the dNidend has been declarLyJ and notlftation has been recdved of the dlvidend due. Th￿ is normally upon notificatson by the Investsnent athlsor of the Investment pNtfollo. Rental Income from the Investment propwties is recognlsed when recavable. Expenditure 'abilities are recognbsed as expendlture as soon as there is a le9al or construttive obligation committin9 the charity to that expenditure, 11 Is probable that a transfer of econornic beneflts will be requlred in settlement and the amount of the obligabon can be measured reliabty. Expendrture is accounted for on an accruèls ba￿S and ha5 been classified under headings Ihal aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated lo activltles on a basi5 consistent with the use of resources. Chjrltable •ctlvlll Charitzble eX￿rndItUre comFflses those costs incurred by the charlty In the delivery of Its activit￿5 and Serv1￿ lor its beneflclarles. It Include5 both costs thal can te allocated diredy to such activities and those costs of an indlrect nature necessary to support them. Governjnce co*t* Governance costs Include those incurrèj in the governan￿ of the charity and comprlse the prc*Juction of the statutory accounts and the audit of the charity. Allocatlon and Jpportlonrnent of costs Support costs include all those overhead costs of offKe, utillty seNce5 and other Se￿CeS and costs, whSch are In support of the actlwty. They have been allocated to ath'vity cost categories cfi a basls consistent wlth the use of resour￿. Int•nglble flxed ¥￿et1 Intangl￿e Fixed assets acqulred separately are InStlally recognised at cost. Software that Is Integral to the operation Df hardware is capitallsed as part of the relevant Item of tangible fLxÈd assets. Software that Is not integral to the operation of the hardware Is capitalis8J as an intsngltAe flxed asset. Depreclation Is not provlded on ￿ftware in devebpment untll this is brought Into use. softwa￿ development costs 25% on cosL Tanglble fixed asgets Computer equipment Motor vehicles Furniture and equipment Short Leasehold 33.3% on cost. 20.0% on cost. 12.5 % & 20% cfi cost. 20% on c05t. Freehold property is not deprecoted. Freehold propety is revalued annualty and ststed at the revalud amounL Investment propeity Investment properties are included at thdr falr value. Fair value is based on market value and ￿ reappraised annually by an independent professional valuer. Any movements due to unrealLqed gains on Valuation are rErcgnised in the Ststement of Financial Actiwties. .23- AGE CONCERN KING￿oN UPON THAMES NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUIITING POUCIES - contlnued Stocks Stocks are valL￿d at the lower of cost and net realisable value, after makirrfJ due allowance for obsolete and ￿0W movlThJ items. Taxatlon The charity is exempt from corporation tax on its charitalle aCtIv￿leS. Fund acroyntlng Unrestrlcied funds can ￿ used in accordance wilh the charitsble objective5 at the dlscretlon of the twstees. Restricted funds can only be used for partkular restricted purpose5 Wlthln the objetts of the charfty- Restrithons arise when specifled by the donor or when fund5 are raised for particular restricted purposes. Furth¥ explanation of the nature and wrpose of each fund is Included In the notes to the flnanclal statements. Pen¥lon costs and othfjr post-retSrement benefit5 The charltsble company operaies a defined CDnlrlbutlon Fen￿on scheme. Contrlbutlons payable to the charltable company's penslon scheme are charged to the Statement of Ananclal ActIV￿e$ In the perlod to whlch they relate. Flxed asset Investments Investments are Included In the Statement of Flnancial PositSon al their fair value. 1 gains and losse5 are tsken to the Statement of Financlal ActlvStles as they arise. Reallsed gains and losses on investments are calculated as the differen￿ between sales proceeds and Ihelr opening carrying value or their purthase value If acqulred 5ub5equent to the first day of the finanoal year. Unrealised gains and 1055es are calculated as the difference between the falr value at the year end and their carrWng value. Reallsed and unreallsed investment galns and losses are combned In the Staternent of Flnonclal Aciivitles. Leaglng commltments Rentals applicable to operatlng lea5e5 where substanually all of the benefits and risks of ownershlp remaSn with the lessor ère charged agalnst proflts on a stralght Ilne basls over the period of the lease. Cash at bank Cash at bank include5 cash and short-term highly liquld Investments vlth a short maturfty of three montP6 or less from the date of acquisition or opening of the depos￿ or similar account. Debtorn Trade a￿1 other debiors are recognised at the settlement amount due. Prepayments are recognised at the invoiced cost prepaid. In relation to trade debtors, a provision for impalrment Is made when there Is obJeLt've evidence that the charity will not be able to collect all the amo¢Jnts due under the origlnal terrn5 of the invoSce. Credltors Cred1tors are recc*Jni5ed when the charity has a present obligation resultlng from a pasi event that will probably result in the transfer of funds to a thiid party and the amount due LO settle the oljigation can be measured Dr estimated reliabw. Creditor5 are normally recognised at the sett￿m￿t amount. Flnancial Inrtruments The charty only has financial instruments of a kn'nd that qualify as basic financial Instruments. Bagc finarKial instruments are Initial￿ recogn1sed at transaction value and subsequently measured at their settlernent value. VAT The charity reclaims VAT incurred on g¢￿5 and services In Ilne with the standard method L>f partial exemption. Irrecoverab￿ VAT Is treated as a central cost and allocate¢J to the relevant a¢tlwties in the Statement of Financial Activities. -24- AGE CONCERN KINGsfoN UPON THAMES NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 MARCH IOZ4 DONATIONS AND LEGACIES 2024 2023 C)onations Legacies 19,355 50,000 30,607 69,355 30.607 The charity was named a5 a reslduary beneficiary to an e5tste. Management have accrued legacy incclne of £50,000 whlch 15 Included in dehtors and is èxperted to be r£raved In the next financlal year. INvESTMEr￿ INCOME 2024 2023 Rents received Dividends recelvable Deposit account Interest 84,604 26,218 3,170 76,912 26,998 2,757 113,992 106,667 INCOME FROM CHARITABLE AcfiviTIES Included in charitable acknvity Income is the followlng Income.. 2024 2023 Cqmtrnct Income: Royal eorough of Kingston up)n Thame5 ngsion Day and Transport Services lfjngston Inforrnalion, Advice and Advocary Klngston Communty Sffv 325,000 90,000 137,868 360,191 80,000 137,869 552,868 578,060 Royal Borough of Kingston Thomes . Klngston Communlty Fumlture Kingston Primary Care NetworLs Other contracts 45,000 127,346 3,747 45,000 173,189 52,448 Total contract Income 728,%3 848,697 Grant Income: NHS South West LDndon - Proactive Anticipatory Care Grant Ire5tricted) The Nats'onal Lottery Community Fund . FaNS Project Grant (restricted) Home From Hospf(al {restrittedl Other grants 60,276 91,813 56,679 5,065 63,699 45,061 Totsl grant income 215,833 108,760 Servlcos Income from: ngslon Day ènd Transport Semces Kingston Community SeNices Kingston Community Furniture 364,997 324,750 96,059 295,038 341.468 123.851 Tokal servlces income 785,806 760,357 Total income from charitsble aLtNities 1.730.602 1,717.814 AGE CONCERN KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMEKfs - continued FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE AcfivrnES COSTS Support costs (see note 7) Dirlxt Costs Totals Kingston Day & Transport Service5 Klngston Information. Adrfce & AtheLacv Klngston Communlty Services Kingston Community Furniture 603.248 63.439 598,404 152,538 168,034 20,987 256,734 30,687 Tll,282 84,426 855,138 183,225 1,417,629 476,442 1.894,071 3110312023 cemparètives for charltable athvltle5 costs Direct Costs SuFWrt Tota15 ngston Day & Tran5POrt serv1￿5 Kingston Inforrnatlon. Advlce & A￿cY Klngslon CommunSty Services ng5ton Communlty Fumiture 567,14L 62,609 629.818 158,836 160,971 19,B32 221,749 32,015 728,112 82,441 851,567 190,851 1,418.404 434,567 1,852,971 SUPPORT COSTS Govemance Overheads Totals K)ngston Day & TranS￿rt Setvlce5 Klng5lon Informatk)n, Adwce & Advocacy Klngston Community Services Klngston CommunSty Furnlture 165,234 20,427 252,814 29,987 2,800 560 3,920 7CIJ 168,034 20,987 256,734 30,687 468,462 7,9BO 476,442 3110312023 comparatfves support costs Governance costs 2023 Overheads 2023 Totals 2023 Klngston Day & Transp)rt S￿￿e$ Kingston Information, Advice & Advocacv Kingston Community Setmces Kingston Communlty Furnltu 158,701 19,352 218,599 31,490 2,270 480 3,150 525 160,971 19,832 221,749 32,015 428,142 6,425 434,567 -26- AGE CONCERN KINGSTON UPON THAMES NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 MARCM 2024 NET INCOMEI(EXPENDThURE) Net inccfflel{expenditure) is stated after chargingI(C￿dlting)- 2024 2023 Auditors, ￿mUneratIon Auditors, remuneratk)n for non audit work Depreciation - owned assets Development costs amortisats'on 0￿rating lease- property rent 5,455 2,525 1,755 5,992 28,000 5,3 1,125 4,362 15,756 13,250 TRusfEES' REMUNERATION AND BENEFITS There were no trust￿5, remunernuon or other ￿nefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trurtees, expen T￿re were no trustees, expenses for the year ended 31 March 2024 nor for the year end&d 31 Marth 2023. Durlng the year trustees provhjed donauons to the charlty of £6,075 (2023 £19,850), io. STAFF COSTS 2024 2023 Wèges and salarles Soclal security costs Other penslon costs 1.247,259 67,433 173,320 1,214,351 8L,4L2 166,927 1,488,012 1,462,690 The average monthty number of employees durfng the year w35 as follows.. 2024 2023 Management Stsff 67 71 71 75 The number of employee5 whose employee ￿nefitS (excluding employw penslon costs) exceeded £60,000 was,. 2024 2023 £80,001- £90,￿0 Based on full-time equlvalent- Management 4 (2023- 4), stsff 46 (2023.. 49) -27- AGE CONCERN KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS - tontlnued FOR THE YEAR E14DED 31 MARCH 2024 ii. 3110312023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted funds Restrttted funds Total funds INCOME AND EMDOWMENfs FROM Donations and legacies 30,607 30.607 Charltable artlvities Kingston Day & Transport Servlce5 Klngston Lnforrnation. Advi￿ & Advocacv Kingston Community Services 'ngston Communbty Fumiture 608,976 81,000 813.926 168,851 608,976 81,000 858,987 168,85L 45,061 Investment (Kome 106,667 l(XS,667 Totsl I,BIO,027 45,061 1,855,088 EXPENDITURE ON Charltsble Jrtivltiej Kingston Day & Transport Servbces Kingston Information, Advlce & Advocacy Kingston Community Servlces Kingston Communty Furniture 728,112 82,441 851,567 190,851 728,112 82,41 851,567 190.851 Total 1,852,971 1.852,971 Net galnslllosses) on Investments {62,489) (62,489) INCOMEIIEXPENDMIRE) (105,433) 45,061 (60,372) RECONCILIATION OF FUNDS Total funds brought forward 4,180,280 20.193 4,2TrJ,473 TOTAL FUNDS CARRIED FORWARD 4,074,847 65,254 4,140.101 12. INTANGIBLE FIXED ASSErs Development costs COST At l Aprll 2023 and 31 March 2024 203,817 AMORTISATION At l April 2023 Charge for year 197,825 5.992 At 31 March 2024 203,817 NET BOOK VALUE At 31 March 2024 At 31 March 2023 5,992 -28- AGE CONCERN KINGSTON UPON THAMES NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. TANGIBLE FIXED ASSETS Fixtures and fitting5 Freehold property Shcrt lea5ehdd Motor vehides Totsls COST At l Aprll 2023 Addrtions 1,450,000 12,080 225,280 2,358 82,593 1,769,953 2,358 At 31 March 2024 1,450,000 12.OBO 227,636 82,593 1,772,311 DEPRECIATION At l April 2023 tharge for year 12,080 224,645 469 77,192 1,286 313,917 1,755 Ai 31 Marth 2024 12,080 225,114 78.478 315,672 NET BOOK VALUE At 31 March 2024 1,450,000 2,524 4,115 1,456,639 At 31 Marth 2023 1,450.000 635 5,401 1,456,036 The market valuatlon of the f￿ehOld propertles as at 31 Mèrch 2024 was £1,450,000 (2023.. £1,450,000). The h15todc 0St was É1,267,93612023.. £1,267,936). The freehold properties We￿ valued on 31 March 2022 by Hawes & Co Chartered Surveyors, indermdent valuers holding recognised and relevant professlonal qualifications wlth recent exPerfen￿ in the location and class of the propertles belng valued, The trustees consSder that the market value of the freehoh4 properties at 31 March 2024 ha5 not m*erL41ty changed Ince the valu*lon made on 31 March 2022, and as such a revaluation is not requiraj. 14. FIXED ASSEf INVESTMENTS sted investments MARK￿ VALUE At l April 2023 Additions Disposals Revaluations 1,076,069 232,465 (211,603) 71,567 At 31 March 2024 1.168,498 BOOK VALUE At 31 March 2024 1,168,498 At 31 March 2023 1,076,069 There were no Investment assets out￿de the UK. The market value of the fixed asset investments at 31 March 2024 was £1,168,498 (2023: £1,076.069). The fair value of the fix&J asset inve5tsMents is based on quoted market prices at the ba￿nce Sheet (kte. The historic cost of the fixed asset invethents at 31 March 2024 was £965,981 {2023'. £937,213). .29- AGE CONCERN KIN65TON UPON THAMES NOTES TO THE FINANCIAL sfATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 15. INVESTMENT PROPERTY FAIR VALUE At l April 2023 and 31 March 2024 1,135,000 NET BOOK VALUE At 31 March 2024 1.135,000 At 31 Marth 2023 1.135,000 The market value of the investment ￿¢￿ertIeS at 31 March 2024 was £1,135,0(X) (2023.. £1,135,000)- The historlc cost was £399.l83 (2023.. £399,183). The investment yopertles were valued on 31 March 2022 by Hawes & Co Chartered Surveyors, Independent valuers holding recognised and relevant professlonal quaiificallons wlth re￿n¢ experience in the location and class of the propertSes belng valued. The trustees consider that the market value of the Investment propert5es al 31 March 2024 has not materlalty changed SIn￿ the valuation made on 31 March 2022, and as gjch a revaluatlon Is not requlred. 16. STOCKS 2024 2023 stocks 1,000 1,000 17. DEBTORS: AMOUNTS FALU14G DUE WITHIN ONE YEAR 2024 2023 Trxle debtors Other debtors Piepayments Accrued Income 133,414 14,127 55,360 50,000 139,280 13,979 56,545 252,901 209,804 18. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Trade credltors Social security and other tsxes VAT Other creditor5 Pensions Deferred income Accrued expenses 31,172 16,936 2,719 330 27,462 2,323 iio 17,630 53,241 63,851 23,000 89,745 163,902 164.617 -30- AGE CONCERN KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 18. CREDITORS: AMouf4TS FALUNG DUE wrrHIN ONE YEAR. continued Balance at l April 2023 Amounts released to Incorning resources Amounts deferred in the year 53,241 (53,2411 23,000 8,095 16,309) 51,455 Balance at 31 March 2024 23,000 53,241 Deferred income comprlses Income received durfng the year whlch relate5 to the next financial year. 19. LEASING AGREEMENTS Minlmum lease pa￿ents under non-cancellable operaung leases fall due as follows.. 2024 2023 Within one year Between one and Ilve years 25,838 37,500 26,118 65,853 63,338 91,971 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Totsl funds Unrestrirted funds Restdrted funds xed assets Investments Current assets Current Ilabllltles 1,456,639 2,303,498 635,784 (163,902) 1.456,639 2,303,498 638,055 (163,902) 1,462,028 2,2LI,069 631,621 1164,617) 2,271 4,232.019 2,271 4,234,290 4,140,101 Comparatlves for net assets bewn funds Unrestrfctej funds 2023 Total funds funds xed assets Investments Current assets Current liabil1t￿4 1,462,028 2,211,069 566,367 (164,617) 1,462,028 2.211,069 631,621 (164,61 65,254 4,Q74,847 65,254 4,140,101 -31- AGE CONCERN iaNGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 21. MOVEMENT IN FUNDS Net movement in funds Transfers between fund5 At 3113124 At 114123 Unrutricted funds General fund Revaluation reserve 8uilding development rewve Transformation Fund Falr value reseNe Social Investment Fund 1,368,110 182,064 1,200,000 450,000 874,673 93,511 {85,000) 1,376,621 182,064 600,000 (600,000) (450,000) 63,661 93B,334 1,135,000 1,135,000 4.074,847 157,172 4,232,019 Restrfcted funds Magic Table PurchaselMalntenarKe The National Lottary Communlty Fund IFaNS projeci) 2,271 2,271 62,983 162,983) 65,254 162,983) 2,271 TOTAL FUNDS 4,140,101 94,189 4,234,290 Net m¢)vement In fund5, Included in the above are as follows: Incomlng resources Resources expended Goins and Movement In funds Ilnre•trlcted fundj General fund Falr value reserve 1,703,181 11,620,320) 10,650 63,661 93,511 63,661 1,703,181 (1,620,320) 74,311 157,172 Rertvlcted fundj The Natlonal Lottery Communlty Fund IFaNS prolettl Antlclpatory Care Serylce Home From Ho¥)Ital 91,813 60,276 58,679 (154,796) (60,276) {58,6791 162,9831 210,768 (273,751) (62,983) TOTAL FUNDS 1,913,949 {1,894,071) 74.311 94,189 -32- AGE CONCERN KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 21. MOVEMENT IN FUNDS- contlnued Comparatlveg for movement in funds Net movement in funds Trans betw*n funds At 114122 3113123 Unrestrirted fund General fund Revaluaty'r￿ re5erye ildlng development restsve Transformation Fund Fair value resetve 1,280,127 182,064 1,200,000 580,000 918,089 (42,017) 130,000 1,368,110 182,064 1,200,000 450,000 874,673 (130,0001 {63,4161 4.180,280 1105,433) 4.074,B47 Restrlcted funds Magic Table Purcha5elMalntenan The Naiional Lottery Communty Fund (FaNS Pfolect) 2,271 2,271 17,922 45.061 62.983 20,193 45,061 65,254 TOTAL FUNDS 4,200,473 160,3721 4,140,101 Comparatlve net movement In funds. Included In the above are as follows., IncomSng resources Resources expended Galns and losses Movement In funds Unre5trlcted funds General fund Falr value reserve 1,810,027 (1,852,971) 927 163,416) (42,017) (63,416) 1,810,027 (1,852,971) (62,489) (105,433) Restrlcted funds The National Lottery CommunSty Fund IFONS project) 45,061 45,061 TOTAL FUNDS 1,855,088 (1,852,971) (62,489) 160,3721 DeBignated Funds Revaluation Rtserve This fund has been designated to the unrea115ed maluatlm movements tangible fixed asset land and bulldln9& Fair Value Reserve This fund ha5 been designated to the falr value movements on Investment ￿9pertieS and115ted investments. ilding Development Reserve Thss fund ha5 Lwn deS￿nated for the maintenance, repalr and modemwtion of Ralelgh House antl other buiklings. Transformation Fund This fund has been deslgnated for investing in infrastructure and sermce devebpment to er￿Ure ongolng VIa￿lIty of the Sockil Investment Fund Thls fund has been deggnated to the value of buildings let for socol hcNJsing. -33- AGE CONCERN KINGSTON UPON THAMES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 21. MOVEMENT IN FUNDS- continued Restrlrt•d Funds The Kingston Nursing Assoclallon Charliable donations towards specific projects. Magic Table Purchaselmaintenance Grants towards the purchase of the Tovertafel 'Magic Table,. The National Lottery Community Fund - RC London and South East Regbn Grant towards the FaNS project (Friend￿ and NeighLK)urty Support). Antidpatory ca￿ Se￿ce Grants towards the Proactive Anticipatory Qre samce. Home From H05pStal Grant towards the Hospltsl Dlscharge se￿ce. 22. EMPLOYEE BENEFIT OBLIGATIONS The charlty operate5 a deflned contrSbution penS￿n scheme. Pension contr1+￿tIOnS totalllw £nll (2023 É17,6291 were payable to the fund at the balance sheet dale and are included In creditor5, coKriNGENT LIABILMES The Royal Borough of ￿ngSton u￿n Thames has a charge 01 £4,250 over the freehold propety al 37 Kn￿hts Park, Kingston up)n Thame5, representlng less than 1% of value. Thls charge wlll only cry5talllse If the pyoperty is no longer used for charitsble purposes. 24. C014TINGENT ASSET As at the year end, the charlty ha(1 notlfled of a residuary legacy where the value of the estate was uncertabn as the executows had not yet cc*mp]led the estate accounts as the date of signing these accoynts. Therefore no amount has been acuued In respett of this legacy, 25, RELATED PARTY DISCLOSURES The key management personnel of the charity comprise the CEO and Deputy ￿0. The key management Fewnnd of the charity retelved earnings and tsenefits of £162,69612023: £156,532). Your Healthcare Ctc is a community interest company of which Shane Brennan, (CEO) was a dlrector. Shane Brennan reggned as a director from Ycwr Healthca￿ CIC on 131912023. 26. COMPANY LIMrrED BY GUARANTEE The charty Is Ilrnited by guarantee and has no share capital. The liability of ea¢h member is determlned by the thcles of the charity and shall not exceed £1. There were 14 Membe￿ as at 31 March 2024 {2023'. 161.