Company Number: 01236909 Charity Number: 504899 AGE UK Leeds (a Company Limited by Guarantee) Trustees Report and Financial Statements for the Year Ended 31 March 2025 Leeds ageuK Age UK Leeds Contents Page Charity Information Report of the Trustees..................................................................................... Independent Auditor's Report........................................................ .17 statement of Financial Activities...... ..20 Balance Sheet............................................... 21 Statement of Cash Flows........ .22 Notes to the Financial Statements . 23 Age UK Leeds Charlty Informatlon Company Number 01236909 Charity Numb•r 504899 Reglstered Offl Bradbury Building Mark Lane Leeds LS2 8JA Truste•s Keith Wakefield Holly Smith Michael Allen Sandra Cheseldine Roger Harington Ablgall Katung Kim Gay Chair (Resigned 30 April 2025) (Resigned 25 June 2025) {Appointed 4 April 2024) {Reslgned 11 August 2025) Secretary Slmon Harrls Senlor management team lain Anderson Chief Executlve Slmon Harrls Finance Dlrettor Lisa Burnett Income Generatlon Dirertor Julle Skelton Operatlons Dlrertor Clalre Walker Operations Dlrertor Audltor Azets Audit Services Limited 12 Klng Street Leeds LSI 2HL Bankers Santander UK PLC Bootle Merseyside L30 4GB Age UK Leeds Report of the Board of Trustees for the year ended 31 March 2025 The Trustees present their report, which also complies with a Directors Report for the purposes of the Companies Act 2006, with the financial Statements of the charity for the year ended 31 March 2025, The Trustees have adopted the provisions of 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 l January 2019). l. Reference and Administratlve Detalls The details of the charity can be found on the Charity Information page on page l and forms part of this report. 2. Objectives and Artivities The objects of the charity, as stated in its Memorandum and Articles of A5SOClation, are "To promote the following purposes for the benefit of the public andlor older people within Leeds.. 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, social exclusion or other disadvantage" The charitable objectives underpin the organisation's Strategic Plan. A Strategic Plan for the period 2022- 2025 was approved by the Trustee Board in March 2022. Our Vision Older people living in Leeds will be valued, their voices will be heard, and they will be able to enjoy positive, independent lives. Our Mission To help make Leeds the best city to grow old in: Age UK Leeds will influence, shape, and deliver responsive services, supporting the independence and wellbeing of older people in the city to positively improve their quality of life. Our Values We are Respectful We are Kind We are Reliable We are Inclusive We are Efficient Our Five Strategic Aims a) Independence Older people living with frailty, with physical or mental health long term conditions (and disabilities) will be enabled to maintain their independence. b) Social Connections Everyone should have someone. older people who experience loneliness and social isolation will be provided with a range of tailored opportunities to link with others In their community. c) Health and Wellbelng Older people, including those living with frallty and long-term conditions or disabilities, will sustain their optimal physical, mental, emotional health and well-being. Age UK Leeds Report of the Board of Trustees for the year ended 31 March 2025 Objectlves and Actlvities (contlnued) d) Reslllence, cholce and control The resilience of older people and their carers has been severely tested over recent years, our aim is to help to re-build their capacity to better cope with future challenges make informed decisions, and exercise choice and control in how to live their later life. e) Positive contrlbutlon Older people will positively contribute through being active, engaged, heard, respected and their opinions being valued. To fulfil our five strategic aims we wil I: Maintain and Develop a Sustsln4ble and Responslble Or9anlsatlon Our Services We continue to provide a range of services to support and improve the quality of life for older people in Leeds.. Health Care Services Enhance Leeds Oak Alliance Ageing Well Services incorporating Ways to Wellbeing, Dementia Support & Digital Inclusion Help at Home Information Services including Scams and Home Plus Advocacy in partnership with Advonet Social Prescribing as part of the Linking Leeds Partnership Sanrtuary Support 3. Achlevements & Performance Hospital to Home and Home Comfort The Trustee Board receives a performance report at each meeting to enable members to assess how successful the charity is in delivering services to older people in Leeds. Each service has key performance indicators, and reports are continually being enhanced to include outcomes and quality measures. In Ortober 2023 Age UK Leeds was independently assessed as meeting the Age UK Charity Quality Standard. This is a significant achievement for the Charity and provides verifiable confirmation that systems and processes, policies and procedures in pace are robust as well a5 an endorsement of the quality of the services that Age UK Leeds provides. This award is valid for three years, In October 2024 the Age UK Leeds Advice service was accredited as meeting both the independently verified Advice Quality Standard (awarded by the Advice Services Alliance) and the Age UK National Quality Assured certificate. Both awards are recognition of the hard work of the Advice Team and remain valid for three years (subject to annual review). Healthcare Services These projects and services help prevent unnecessary admissionslreadmissions and facilitate a successful discharge home following a hospital stay. a) Hospital to Home (H2H) Team The H2H service is commissioned by the Leeds ICB and works in partnership with servlces across the Leeds Health and Care system. The service is based in St James, Hospital closely aligned to the Frailty Unit and has the primary aim of reducing avoidable admissions and facilitating earlier discharge. The staff team assess and support older people to return home, who might otherwise have been admitted to hospital or whose discharge after treatment may have been delayed. The key focus of the service is the transport or "follow home and settle. service ensuring the client is reassured, safe, secure, warm and has food/drinks upon returning home. The service a150 provides needs assessment and discharge planning on wards, emotional support for the patient and carer and signposting and information. Importantly the team operate a referral service into on-going support services in Age UK Leeds, other third sector or community organisations, or the statutory sector. Age UK Leeds Report of the Board of Trustee5 for the year ended 31 March 2025 Achievements & Performance (contlnued) H2H also delivers an extended range of services in addition to its core focus including pre-discharge assessments of clients, homes to redu￿ the risk of failed discharges,. a medicine delivery service (to avoid delaying discharge due to non-availability of medicines). transport to/from out-patient appointments at the Frailty Ward,. transport to transitional beds, pending clients, move home and an emergency food scheme providing food parcels at point of discharge. A wider range of proactive food and nutrition related activities were also undertaken by H2H and other teams across the organisation. The service took referrals for 680 clients (target 800) 990/0 of services were provided within 2 hours of referral (target 95%) Hospital to Home has an office base at the Gledhow Wing at St James University Hospltal, which is also home to the Leeds Oak Alliance team. b) Home Comfort (Hcr) In September 2021 Home Comfort became part of a programme which has the aims of keeping people in the place they call home and out of hospital. Enhanced Community Response Programme is a collaboration of NHS, Adult Social Care and Third Sector consortiums who provide rapid assessment and wrap-around care to people in their own home who become suddenly unwell and would normally be admitted to hospital. In 2023124 Enhanced Community Response was incorporated into a broader city- wide programme 'Home First, the aims of which are to reduce unnecessary hospital admission and to facilitate safe but expedited hospital discharye. Home Comfort offers a 7-day service and offers key services including prescriptionlmedication collection and delivery, wellbeing checks, support to make a light meal or snack, support to leave the home, including attending medical appointments, light cleaning and shopping. Targets for this service are to be agreed in 2024125 as part of an overall review of the Enhanced Community Response, as part of this the aim is for an increased proportion of referrals to Home Comfort to be from the Home Ward (managed by Leeds Community Health Trust). In this period the Home Comfort service achieved the following output5; Ob ective Tar No. of referrals 400 580 No. of vi51ts 1300 1344 Hours of sUPPOrt 1200 1472 Percentage of clients signposted or referred on 600/0 880/0 2-day turnaround target NIA IOOWO c) Enhance In April 2022 Age UK Leeds became part of the Enhance Programme. which is collaboration of third sector con50rtiums working with Leeds Older People's Forum in partnership with Leeds Community Healthca Trust. In 2023 the Enhance Programme was extended for a further 12 months, consolidating the learning from year one in particular focusing on integrating the work of the Enhance providers with the Leeds Community Health Trust Neighbourhood Teams. Enhance supports safe and sustainable discharge from hospital and Neighbourhood Teams into a secure home environment. The programme link5 third sector organi5ations with Neighbourhood Teams and other agencies to avoid delayed discharges and readmissions for individuals, and to enhance capacity throughout the system. In 2024125 Age UK Leeds has continued to provide Enhance joint collaboration support to the Wetherbyi Holt Park, Woodsley and Yeadon Neighbourhood Teams. In this period the Age UK Leeds Enhance team achieved the following outputs against annual targets- Ob-ective No. of referrals No. of clients supported loo N/A 104 225 Age UK Leeds Report of the Board of Trustees for the year ended 31 March 2025 Achievements & Performance (continued) d) Leeds Oak Alllance 3rd Sector Hub The Leeds Oak Alliance is a collaborative partnership formed in late 2018 by five city-wide third sector organisations (Carers Leeds, Care and Repair Leeds, St Gemma's Hospice, Sue Ryder Wheatfield's Hospice and Age UK Leeds) who have a shared focus on providing support to people living with frailty nd/or at the end of their life, and their carers. As planned the Leeds Oak Alliance Hub was re-launched in the first quarter of 2024125. Changes in personnel (as result of maternity leave) meant that cover arrangements were put in place, this provided n opportunity for two existing staff members to extend knowledge as well as share their experience within a different project. In agreement with other partners the scope of the project was also extended in this period with the coordinators a150 providing support in a number of community locations. The coordinators were also engaged in one of the local population health management pilot projects focused on people living with severe respiratory illness who were also assessed as being at end of life. The objective of this project is to provide holistic support to the person living with the health condition, the family members and where appropriate unpaid carers. The role of the LOA coordinators is to provide non-clinical support including signposting or referrals on to other services. The team were provided with specific training to enable them in this role. Despite emerging positive outcomes from the community engagement work and the potential offered by participation in the pilot project, the LOA hub as a concept has failed to gain traction within Leeds Teaching Hospital. The finite funding for the proj'ect, initially allocated in late 2028 is due to be exhausted in quarter one 2025126. As a result, it has been agreed by the partners that the Hub in its current guise will close at the point that the funding comes to an end. 3.2 Ways to wellbeing These projects and services have the general aim of improving the mental and physical wellbeing of older people in Leeds. The main funder is the National Lottery Community Fund, which provided three year funding from October 2023, with match fundin9 sourced through a variety of other funders and contributions from Age UK Leeds. reserves. a) Ways to Wellbebng The overall theme of our Ways to Wellbeing activities is around the Five Ways to Wellbeing- Connect, Give, Learn, Take Notice; Be Active. There is a common assessment framework to identify needs relating to health, wellbeingi social connections, digital inclusion etc. at first contact and the service will be delivered by a team with generic/cross cutting roles as well a5 specific focus on volunteer co-ordination, the aim5 being to improve efficiency, to stimulate collaborative and creative team work. The service also has a clear focus on work in partnership and community engagement. Autumn 2024 saw the production of the first Annual Report to the Lottery Fund, which reported on the range of activities carried out and reflected the variety, creativity and impact that these areas of work demonstrate. Included within the Ways to Wellbeing umbrella are Social over Soup, Moving with Confidence, Get Creative, Wellbeing Workshops and Digital Support. The objertives set by the Lottery Communities Fund are to reach 1500 clients over the course of the three year project. In the Year I report covering October 2023-September 2024 the number of unique clients referred into the service was 297. b) PROSPER This longitudinal personallsed care planning research study sponsored by Bradford Teaching Hospitals and the University of Leeds sees Personal Independence Coordinators employed by Age UK Leeds working with GP practices across Leeds to deliver person-centred interventions to older people living with mild to moderate frailty. Age UK Leeds Report of the Board of Trustees for the year ended 31 March 2025 Achievements & Performance (contlnued) The ongoing pressures experienced by GP practices continued to cause delays to the programme. which worked with 6 Leeds & Wakefield based GP practices during this period to provide a 12-week intervention structured around setting goals and using techniques such a5 motivational Interviewing and guided conversations to promote positive behavioural change. The main trial of PROSPER was extended as anticipated until February 2024. in the event this was extended into the first quarter on 2024/25 when the project came to a planned close. The staff employed within the Prosper project were subsequently redeployed into other services within Age UK Leeds. c) Llnklng Leeds (Social Prescribing Servlce) Linking Leeds is an ICB commissioned city-wide Social Prescribing partnership which launched in September 2019. Community Links is the lead partner in the Linking Leeds consortium which sees Wellbeing Co-ordinators from seven local third sector partners, including Age UK Leeds, working to connect people aged 16 years and above to services and activities in their community in order to benefit overall health and wellbeing. Linking Leeds is closely linked to GP surgeries across the city, but also accepts self-referrals. During 2024 a cut to the level of funding in the Linking Leeds project lead to a restrurturing process across the partnership that reduced each partner organisation's allocation for staff posts. Following a consultation with our team members, the outcome for Age UK Leeds was that each team member ccepted a reduttion in hours, thus avoiding the need for redundancy processes. Some staff turnover did follow, across the partnership, with two vacancies arising at Age UK Leeds which were then successfully recruited to. Jn September 2024 a new 4-year contract was issued, with a new service specification developed with a focus on targeted social prescribing with the aim of addressing health inequalities in Leeds; a new team to focus on this was established within the Linking Leeds partnership alongside the existing teams. d) Remember Together (Dementia MCST Programme) In October 2024 our MCST work came to an end due to funding no longer being available in Leeds for this work. Before this, Age UK Leeds had been an attive participant in a multi-sector partnership focused on developing MCST/CST programmes in the city with the aim to make the service accessible and sustainable, and had been operating four weekly group sessions. Initially funded by Age UK'S Dementia MCST Programme and then by Age UK Leeds, reserves, it had not been possible to identify other funding sources during 2024. Advocacyi Information and Advice These are cross-cutting services which take referrals from external partners as well as other projects and services within Age UK Leeds. a) Advocacy This service is well established with funding from Leeds City Council and the NHS through a sub- contratt with Advonet, which now runs until 31 March 2026. The advocacy team offer a free, independent and confidential service for people from diverse backgrounds, who need support to stand up for what they want in life. especially at times of major change. Working across a range of advocacy services, Age UK Leeds Advocates have a particular focus on Independent Mental Capacity Advocacy (IMCA), Care Act Advocacy and Community Advocacy that includes; community care issues access to services, legal advice and benefits housing issues debt issues safeguarding issues Age UK Leeds Report of the Board of Trustees for the year ended 31 March 2025 Achievements & Performance (continued) Age UK Leeds Advocates supported 293 clients in the last financial year, with 1799 hours of client contact. The types of advocacy they provided included". 1.2 representative (long-term advocacy for people facing restrictions in supported living placements) Supporting people through care art processes including needs assessments, reviews of their care and safeguarding processes IMCA change of accommodation (for people who lack capacity to decide where to live) IMCA serious medical treatment (for people who lack capacity to consent to serious medical treatment) Relevant person's representative {long-term advocacy for people facing restrictions in care homes or hospital} b) Informatlon & Advice The provision of Information and Advice is a core service: grants from Leeds City Council's Public Health Directorate and Age UK (via EON'S Warm Home Discount Scheme) contribute to its funding as does the Home Plus service,. We offer free, impartial and confidential advice on a wide range of issues including money matters, benefits, social care. consumer issues and form completion. We help with checking older people's benefits entitlement, form completion and accepting evidence in support of claims. There were 1,592 contacts in the year through a combination of telephone-based support and face-to-face visits. The cumulative total annual amount of benefits applied for by older people as a result of our work advising on benefit matters was £603,800. c) Home Plus Seryice This service commissioned by Leeds City Council 15 aimed at enabling and maintaining independent living through improving health at home. helping to prevent falls and cold-related health conditions. Care & Repair Leeds are the lead provider working in partnership with Groundworks NEWY (Green Doctors) and Age UK Leeds, who are contracted to provide an advice and information service as part of a holistic service. In Ortober 2023 this service was recommissioned for a further three years, the updated completion date is September 2026 with the option of a further 24 months. The Age UK Leeds advice worker assisted 113 people in the 2024125 period. d) Scams Following a pause towards the end of the previous financial year, Age UK Leeds relaunched its Scams programme in May 2022. In December 2023 it was confirmed by Age UK National that the project would be extended for a further two years with a new completion date set for December 2025. The programme, funded by Lloyds Banking Group and led by National Age UK, helps to prevent older people from falling for scams by increasing their knowledge and confidence to recogriise and deal with attempted scams. The support is delivered via group talks and 1-2-1 sessions. ective No. of individuals Supported No. of attendees at group talks Tar 96 744 109 iooi e) Stay Well This Wlnter Fund The Stay Well this Winter Fund was awarded from the Leeds Community Foundation, and allocated to our Healthcare Services IH2H and HCT) to provide warm items for patients being discharged from hospital, Items provided so far include bedding, warm clothing and even a mattress for a client sleeping on his sofa. Age UK Leeds Report of the Board of Trustees for the year ended 31 March 2025 Achievements & Performance (continued) f) Warm Homes Programme The Warm Homes (Discount Scheme Benefit5 Entitlement Check) programme is managed by Age UK nationally and delivered by local Age UKS acr055 the country. Targets are set and payments made based on the number of individual benefits sessions delivered. g) Sanrtuary Support Delivered in partnership with Leed5 Domestic Violence Service, this new project is focused on supporting domestic abuse survivors who have been referred to Leeds Housing Options for sanctuary measures and further support. Age UK Leeds employs one support worker as part of this project, whilst their time is primarily focused on the support that they provide to a discreet client group, their expertise and access to other support via the wider Sanctuary project has proved to be invaluable to Age UK Leeds, enhancing wider organisational understanding of Domestic Violence and more particularly the impact and how best to support older people who are virtims and/or survivors of abuse. h) A Place To Call Home A Place to Call Home was launched in October 2024. Aligned with our core information and advice service the project provides holistic advice sessions on a one to one ba515, the aim being to enable the client to live well and independently in warm secure homes. The funding for this projert is for three years and was allocated to Age UK Leeds, following a successful application, by Age UK national Skipton Building Society are the sponsors of this project. In this period Age UK Leeds supported 52 individuals through the 'A Place to Call Home Project,. Help at Home Help at Home, launched in May 2019, is designed to provide a range of paid-for. cost-effective domestic and social support services, helping older people with everyday tasks in their own homes so they can stay independent for longer. The overall vision for the service is to provide high quality, person-centred support which is responsive to the needs and wishes of the older person. During the year, the Lead Support Worker left the team, which gave an opportunity to review this role, which lead to the creating of a Co-ordinator post. The aim of this is to provide co-ordination support to the operations manager, as well as the ability to provide cover for support worker absences. Discussions are ongoing on how management capacity can best be arranged to provide the focus on developing Help at Home that will enable its growth and profitability. The target number of billed hours per month is 500; an annual figure of 6000. In the 2024/25 year, 5,290 hours were billed, 880/0 of target. The average number of hours billed each month was 440, though projections each month based on bookings are regularly over 500. Factors such as clients going into hospital, staying with family. needing a different level of care, all affect the actual hours as these instances occur during the month. The presence of the Co-ordinator role reduced the number of hours lost due to our own capacity by covering staff absences wherever possible. Delivering Public Benefit We have referred to the public benefit guidance contained in the Charity Commission's general guidance on public benefit when reviewing our objectives and in planning our future activities. The aims of Age UK Leeds are undertaken specifically to ensure the charitable objects meet the public benefit requirement and the Charities Act 2011. The primary beneficiaries of our ServI￿S are older people in the city of Leed5. The age at which people may access our services varies according to service requirements, typically led by requirements of funders or commissioners. With the exception of Help at Home, all of our services, including those providing Information and Advice, are free of charge. They are offered to anyone who needs them. regardless of income or circumstances. Practicalities such as staff numbers and availability limit the number of people who can be helped, and where demand exceeds capacityi priorities are determined according to client need, making use of information, advice and slgnposting where appropriate. Age UK Leeds Report of the Board of Trustees for the year ended 31 March 2025 Achievements & Performance (continued) Volunteers Volunteers are at the heart of much of the work undertaken by Age UK Leeds. Volunteering not only makes an essential contribution towards supporting older people, it also helps cement community cohesion and create social capital. A total of 21 new volunteers were brought on board during the year. In common with other charities nationally, we continue to find it challenging to recruit and retain volunteers post pandemic. A refreshed Volunteer Sub Group undertook a significant amount of work to review and improve our volunteer experience this year. This work is ongoing in the hope of attrarting more volunteers to help us offer vital services in the local community. Our volunteers have been actively involved in; providing health and wellbeing activities, supporting dementia groups, helping older people to become digitally included and giving Information and Advice. In addition, volunteers have 5UPPOrted the organisation as members of our Older Peoples Engagement Group and on our Board of Trustees. Volunteer recruitment, selection and training are overseen by the Project Managers and administration and appropriate organisational policies are in place to support this. In-house and on-the-job training is provided by staff responsible for the relevant services, supplemented by additional training where necessary. Age UK Leeds Older People's Engagement Group The purpose of the Older People's Engagement (OPE) Grotjp is to represent the views and attitudes of older people who have contact with AUKL and to contribute to the development of existing and new services. We currently have just five members who: Link to a service and/or a project within the service Develop a knowledge of the service and project(s) through: rf Speaking to staff and volunteers O Talking with clients Shadowing staff and volunteers O Reading projett documentation e.g. funding application, project reports etc. Gather feedback on the service from other clients through various methods including: rf Telephone calls Face to face meetings O Client feedback forums O Surveys Feedback to the OPE Group on findings Develop a knowledge and links with other relevant organisations, services and projerts external to Age UK Leeds Input on the proposed development of new services O Recruitment.. support the recruitment of staff O Subgroups may be set up to give feedback on a specific issue issues identified by the Group, Trustee Board or Senior Management Team Fundralslng Income raised through fundraising and general donations in the year was £31,232 (2024 £32,191). We are very grateful for the generous donations we have received this year from supporters, whether clients, members of the public or corporate sponsors. We have held several events in the Hub including Fashion Shows where some of our clients modelled. Not only did they raise funds for the charity, they were a great way to get older people out of their comfort zone, try something different and meet new people. Further events are planned next year. In 2024, Age UK Leeds had runners in the Leeds Abbey Dash again which raised over £6.000. In 2025, the Leeds Abbey Dash is no longer being run by Age UK and will now be managed by Run for All. 2025 will be the last year we benefit from a £5,000 payment from Age UK for holding the event in Leeds although we will continue to benefit from free places. Age UK Leeds Report of the Board of Trustees for the year ended 31 March 2025 Achlevements & Performance (contlnued) Bookings for events in the Community Hub and the Harrison Room continue to be strong. Income from hire fees wa5 £24,381 (£30,088 in 202312024). We applied for several grants throughout the year and new awards included services such as Digital Champions and A Place to Call Home. Age UK partnered with the Omaze house raffle and the funds raised shared with some local partners who applied for some of the funding Age UK Leeds were awarded £20,000. Our general approach is to raise funds ourselves and not to use third parties. We use techniques that are ethical, legal, that do not inconvenience the public, and that are not detrimental to our good name or standing in the local community. We do not use general solicitation techniques by telephone or door- to-door, and all fundraising activities undertaken follow the Fundraising Regulator's Code of Fundraising Practice. We have received no complaints about fundraising during the year. Subsidiary Companies Age UK Leeds Trading Limited (registered company number- 02025149) is a wholly owned dormant company. It was a trading subsidiary until it ceased operating in March 2018. The company was struck off on 4 January 2022. Age UK Leeds Enterprises Limited (registered company number: 07471080) is a wholly owned dormant company. It was a trading subsidiary until it ceased operating in March 2021. 4. Financial review Revlew of the year The year showed an overall surplus in total funds of £115,248 (2024.. deficit of £238,513} on income of £1.9 million (2024: £1.6m). Income during the year increased by £312k overall to £1,907k {2024: £1,595k).' Income from donations, legacies and general grants increased by £333k, largely due to legacies received in the year of £340k. (Legacies received in 2024 were £1.5k). There was a decrease of £46k in charitable activity income due to increasing economic pressures and a reduction on third sector funding. Income from other trading activities fell by £9k to £27k (2024: É36k) Investment income increased by £34k due to higher interest rates and higher deposits. Expenditure during the year decreased by £41k to £1,792k {2024'. £1,833).. Direct costs of delivering charitable activities decreased by £96k from £1,452k to £1,356, largely in line with decreased charitable income. Direct costs of raising funds reduced by £3k Support costs increased by £60k, mainly as a result of increased HR & office costs. Principal Funding Sources The principal funding sources of the Charity were: 9/0 of total Income 24125 23124 Source NHS Leeds City Council Lottery Age UK Legacies Fundraising Trading Help at Home Other sources 43Q/o 3010 20/0 90/0 180/0 10/0 20/0 56010 30/0 70/0 00/0 10/0 20/0 80/0 18% 150/0 io Age UK Leeds Report of the Board of Trustees for the year ended 31 March 2025 Flnanclal Revlew (continued) Income from Age UK is a mixture of direct grants, and grants from third parties. All income is used to fund service provision for the sUPPOrt of older people as described in more detail above. The economic environment post-covid, and uncertainty deriving from re-organisation within the NHS and funding of social care continue to make visibility of funding into the future unclear. In addition, the global economic situation and cost of living pressures post-pandemic have impacted the Charity's endeavours to increase the proportion of services that can be supported through self-generated sources of income. Reserves Pollcy At the end of the year, the Charity held total funds of £2,106,836 (2024: £1,991,588). Of these, Restricted funds are £612,555 (2024: £710,716) and the purpose of these funds is explained in note 15 to the accounts. Funds designated by the Trustee5 amount to £758,611 (2024.. £634,264). Funds have been designated for the following purposes.. £498,243 has been designated from the proceeds of legacies received. The intention is to spend these funds on charitable projects that meet the Charity's primary strategic aims over forthcoming years, preferably in association with matched funding from other funders. E67,520 has been designated to cover repairs to and cyclical maintenance of the Bradbury Building, the Grade II listed building owned by the Charity. The intention is to commit a maximum of £IOO,000 to this fund over time. The Trustees, as a result of considering financial forecasts for the next four years, have decided to designate £IOOk to a Cost of Living Recovery fund, recognising the fact that it is likely that deficits will be made in future years as a result of the efferts the pandemic has had on the charity and particularly its ability to raise funds. The economic & political landscape is still uncertain with inflationary pressures and the cost of living crisis and these funds have been retained due to the ongoing challenges facing the third sector. £92,848 was designated as an Emergency Operating Reserve. An amount of this has been utilised to cover the year-end negative working capital position. The Trustees believe that the Charity should hold an EOR because: it has no endowment funding and is entirely dependent for income upon sources of funding from year to year, which are inevitably subject to fluctuation; it requires protection against, and the ability to continue operating in the event of catastrophic or lesser, but damaging events; it requires working capital with which to operate. The Charity has tangible fixed assets of £846,546, of which £510,983 is held within restricted funds. The remaining £335,563 is held within unrestricted funds that can only be realised by disposal of the assets. The Charity had no capital commitments at the end of the year. After accounting for restricted and designated funds, and deducting unrestricted funds held as fixed assets, the Charity held free reserves at the end of the year of £398,401, an increase of £113,876 from the 2024 figure of £284,637. Going Concern The Trustees have reviewed the appropriateness of the application of the going concem basis in the preparation of the financial statements. In doing 50 the Trustees have considered forecasts in detail for a period of 12 months, high-level projections for a further three years, uncertainties arising in the current economic environment, the lasting effects of the Covid pandemic, and the cash resetves of the organisation. Following this review the Trustees are of the view that the application of the going concern basis is appropriate and consequently this approach has been adopted in preparing the financial statements. li Age UK Leeds Report of the Board of Trustees for the year ended 31 March 2025 Flnanclal Revlew (continued) Investments The Charity does not have any endowment funds, and surplus cash is currently held on interest-bearing deposit. An investment policy has been approved by the Trustee Board. Surplus cash will be held on deposit with the aim of protecting capital, whilst maximising interest within this constraint and the expected time at which the cash will be required. Protection from the statutory FSCS guarantee scheme will be maximised. Plans for future periods The Age UK Leeds Strateolc plan 2022/25 will complete its three-year cycle in March 2025. With Trustee Board approval the Charity had retained the same Strategic Aims, Vision and Values for a period of six years in total. This decision was based upon an assessment that the fundamental ambitions and focus as outlined in the Aims, Vision and Values continued to resonate and retained relevance when the known priorities and changing demographics of the older population of Leeds were taken into consideration. In late 2024 and into early 2025 a process to review the Charity's Vision, Values and Strategic Aims was initiated. This included consultation with staff at all grades from across the organisation, dired engagement with the Trustee Board and the views of the OPE group. In addition, the intended outcome of this process was to formulate the agreed Age UK Leeds Strategy for the period 2025 - 2028. The outcome of this process resulted in revised and updated Vision, Values and Strategic Aims for Age UK Leeds, these are as follows; VISION: 'To support older people in Leeds to be safe, well and connected. VALUES: Compassionate: We are considerate, kind and caring to everyone we encounter. Accountable: We are trustworthy and act in good faith, each of us 15 responsible for our words, our actions and the outcomes we achieve. Incluslve: We are an organisation where everyone feels welcome, valued and respected. We are committed to ensuring our people reflect the communities we serve Respectful: We value everyone and treat people with courtesy, dignity and professionalism. As a Charity we will be guided by the needs and wishes of older people of Leeds, ensuring that what we do and how we provide support reflects their priorities, these include. Continued independence and self-reliance Remaining physically and mentally well Access to locally available services that meet their needs Being safe, including financial, emotional and personal security Included, connected and valued within the community Havirsg a voice that is heard and opinions that are respected In response to these priorities the services provided by Age UK Leeds will focus on and play a role in ensuring that the essential needs of the older people of the city are met, that their wishes and aspirations are embraced so as to ensure that the contribution they make individually and collectively to the community is recognised and understood. 12 Age UK Leeds Report of the Board of Trustees for the year ended 31 March 2025 Flnancial Review (contlnued) AIMS: Safe: Includes financial security as well as physical security at home and in the neighbourhood. Well: Includes activity that focuses on prevention of ill-health or deterioration in health and services that are clearly aligned to the provision of health and care both acute and in the community. Connected: Includes a clear focus on reducing loneliness and isolation, connecting with family, friends, and the wlder community. Finally, Age UK Leeds, as part of the national Age UK Network will respond positively to the developing national agenda, the opportunity to work in partnership across local and regional boundaries as they emerge. Whilst and independent local Charity we will play our part in contributing to and upholding the Age UK national values Collaborative, Ambitious, Impactful. In addition, we have also now identified the following 'ambitions' for the Charity that we will work to deliver over the next three years. Our Ambltlons - Quality, Reach and Impact Quality Learning and Development embed practice that is based upon the Healthwatch Leeds 'How Does it Feel For Me. 3 C's, invest in people (staff and volunteers) through coaching, mentoring, and training opportunities. Client Feedback - listen to the voices of older people- collate/review/analyse and act upon the information generated. Quality Assurance and Control - complete regular individual case reviews, undertake cross- service peer reviews share learning and knowledge to improve how we work. Research participate in research programmes that explore new ways of working and where possible share the learning across the organisation. Reach Innovate identify gaps and initiate way5 of working to address complex, under-reported and unmet needs. Collaborate and partner establish and consolidate partnerships to better serve diverse communities and under-served groups. Impart Health and Social Inequality - Services contribute to city-wide focus on addressing social inequalities and the wider determinants of poor health. Preventative activity capture tangible evidence of the positive effect of interventions on health, wellbeing, safety and 50cial connection.s On the basis of these changes revised in-year Business Plans will be developed, the Trustee Board will be provided with regular updates on progress made against planned objectives on quarterly basis. Finally, 2025126 marks the 50th Anniversary of Age UK Leeds (originally constituted as Age Concern Leeds in 1975}. Plans to celebrate this milestone will be formulated and taken forward in the next 12 months. 13 Age UK Leeds Report of the Board of Trustees for the year ended 31 March 2025 5. Structurei governance and management Constltutlon Age UK Leeds is a company limited by guarantee and without a share capital, and a registered charity governed by its Memorandum and Articles of Association. Members. individual liabilities are limited to £1. Board of Trustees The directors of the charitable company {"the charity") under the Companies Act 2006 are its Trustees for the purposes of charity law and through this report they are collectively referred to as the Trustees. In accordance with the charity's Memorandum and Articles of Association. the Board of Trustees is comprised of at least five Trustees, each holding office for an initial period of two years, and up to two further periods of three years if re-appointed. All Trustees are Members. Trustees are appointed by a decision of the Board of Trustees. The members of the Board of Trustees who held office during the year are set out on the Charity Information sheet, page l of this report. The Board of Trustees met on six occasions during the year, these meetings were a mix of face to face and onlinelhybrid. Related Parties Age UK Leeds is an autonomous charity and company limited by guarantee. It is part of Age UK, the federation, and conforms to agreed national standards in organisation and service delivery. The Chief Executive attends regional and national meetings with other Age UKS, and other staff participate in regional and national meetings appropriate to their work. Working in partnership with other agencies. especially from the statutory and voluntary sectors, is integral to the work of Age UK Leeds. Partnership and multi-agency working occurs at the level of funding agreements and contracts, service delivery, monitoring. user involvement, consultation, and campaigning. It includes work both with other agencies Wlthin Leeds, and with Age UKS in other areas. staff members participate in local, regional and national forums and consultations appropriate to their work areas and the strategic positioning of Age UK Leeds. Staff Responsibilities.. Senlor Management Team Iain Anderson Chief Executive Lisa Burnett Fundraisin Director Julie Skelton erations Director Sirnon Harris Finance Director art-time Day-to-day management of the organisation is delegated to the Chief Executive. Along with the Senior Management Team {SMT}, the Chief Executive ensures that suitable staff are recruited and resources drawn in to run the services and activities agreed by the Board through the annual work plan. The Senior Management Team ensures that grant5, contracts and service level agreements are operated in accordance with agreed terms and conditions, and provides regular reports to the Board on all services and activities. 14 Age UK Leeds Report of the Board of Trustees for the year ended 31 March 2025 (continued) structurei governance and management (continued) Pay Policy for Senior Staff Age UK Leeds aims to pay salaries which are fair, competitive with the charity sector locally, and proportionate to the complexity of each role. In determining the right level of pay the charity does not look to compete with private or public sector salaries and ensures all staff are paid at or above the National Living Wage. During the year, the Charity increased all salaries, however this award was guided by but not in line with the NJC pay award. The salary increase was however in-step with awards made across the sector. In the assessment of the Charity it was not financially sustainable to re-align with the NJC. In light of changes to the National Living Wage we have completed a review of our salary structure to ensure that the hourly rate paid to all contracted staff are paid at or above the NLW, this change will be implemented with effect from 31 March 2025. We will continue to review our salary banding to ensure on-going compliance with changes to the NLW. Risk Assessment The risk management strategy adopted in March 2012 was prepared in line with best practice guidelines issued by the Charity Commission. A copy of the strategy is included in the Trustee Handbook and discussed with new Trustees as part of the induction process. The Trustees carry out an annual risk assessment covering the major risks facing the organisation. The controls in place to mitigate the risks are detailed and monitored; and systems and procedures have been identified to manage the retained risks. The Risk Register is reviewed and endorsed by the Audit and Risk Committee. The following higher-level risks have been highlighted and managed during the year: Workforce strategic Planning Regulation and Compliance Financial Service Deliver A review of the Risk Register will be completed by the Chief Executive and any recommended changes presented to the Trustee Board ir¢ May 2025. When reviewing the aims and objectives of the charity, and in planning future activities. the Trustees have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Charity Commission. United Kingdom company law requires the directors {namely the Trustees) to prepare financial Statement5 for each financial year which give a true and fair view of the state of affairs of the charity and the group and the incoming resources and application of resources for that period. In preparing those financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities 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 operation 15 Age UK Leeds Report of the Board of Trustees for the year ended 31 March 2025 (continued) statement of Directors'/Trustees' Responslblllties The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and of the group and which enables them to ensure that the financial statements comply with the Companies Art 2006. The Trustees are also responsible for safeguarding the assets of the charity and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees who held office at the date of approval of this Trustees, Report confirm that, so far as they are each aware, there is no relevant audit information of which the Company's auditor is unaware; and each Trustee has taken all the steps that he/she ought to have taken as a Trustee to make himselflherself aware of any relevant audit information and to establish that the Company's auditor is aware of that information. statement of Disclosure to our Auditor In so far as the Trustees are aware: there is no relevant audit information of which the charitable company's auditor is unaware; and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Auditor The auditor, Azets Audit Services Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006. The Directors report and Financial Statements have been prepared in accordance with the special provisions relating to the companies subject to the small companies regime which 15 part of the Companies Act 2006. The Trustees approved the Trustees, Annual Report on by.. .and it was signed on its behalf ith Wakefield Chair of Trustees 16 Age UK Leeds Independent Auditor's Report to the Members and Trustees Of Age UK Leeds Opinlon We have audited the financial statements of Age UK Leeds for the year ended 31 March 2025, which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows, and the related Notes to the Financial Statements, including a summary of accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Practice). 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 requirement5 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. Our responsibilities under those standard5 are further described in the Auditor's responsibilities for the audit of the financial statements settion 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 FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatin9 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 trustees 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 the annual report other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not expre55 any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially 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 matenal 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. 17 Age UK Leeds Independent Auditor's Report to the Members and Trustees Of Age UK Leeds Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the aLsdit'. the information given in the Trustees. report (incorporating the strategic report and the dlrertors, report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Trustees, report (incorporating the strategic report and the directors, report) has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exception In the light of the knowledge and understanding of the charitable company 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 in relation to which the Companie5 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; the financial statements are not in agreement with the accounting records and returns; certain disclosures of Trustees, remuneration specified by law are not made; or we have not obtained all the information and explanations necessary for the purposes of our audit. The trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees. report and from the requirement to prepare a strategic report. Responsibilitles of the Trustees As explained more fully In the Trustees, responsibilities Statement, the Trustees 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. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a 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. Auditor's 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 material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. 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. A further description of our responsibilities for the audit of the financial statements Is located on the Financial Reporting Council's website at: www.frc.or aLJditorsres onsibilities. This description forms part of our auditor's report. 18 Age UK Leeds Independent Auditor's Report to the Members and Trustees Of Age UK Leeds Extent to whlch the audit was considered capable of identifying irregularities, includin9 fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud. In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included.. Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud; Reviewing minutes of meetings of those charged with governance; Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the charity through enquiry and inspettion. Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; Performing audit work over the risk of management bias and override of controls, includlng testing of journal entries and other adjustments for appropriateness, evaluatin9 the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias; and Performing audit work over the timing and recognition of income and in particular whether it has been recorde(i in the correct accounting period. 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. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of InStan￿S of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of intemal control. Use of our report This report is made solely to the Charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Art 2006. Our audit work has been undertaken so that we might state to the Charity's members those matters we are require(i 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's members as a body, for our audit work, for this report, or for the opinions we have formed. Jessica Lawrence Senior Statutory Auditor For and on behalf Azets Audit Services Limited Chartered Accountants & Statutory Auditor 12 King Street Leeds LSI 2HL Date: '(gM 19 Age UK Leeds Statement of Financial Activities for the Year Ended 31 March 2025 (Incorporating Income and Expenditure Account) Note Unrestricted Funds Restricted Total Funds Total Funds Fund5 2025 2024 Income frorn: Donations and legacies Charitable artivities 378,871 193,138 27,207 77,127 378,871 1,423,855 27,207 46,137 1,469,532 36,137 42,816 1,230,717 Other trading activities Investment income 77,127 Total income 676,343 1,230,717 1,907,060 1,594,622 Expenditure on: Raising funds Trading Charitable artivities 34,907 14,797 413,230 34,907 14,797 1,742,108 1,791,812 36,156 15,753 1,781,226 1,833,135 1,328,878 Total expenditure Net income / expendlture and net movement in funds 462,934 1,328,878 213,409 {98,161) 115,248 (238,513) Reconciliation of funds: Total funds brought forward Total funds carried forward 13,14 1,280,872 710,716 1,991,588 2,230,101 1,494,281 612,555 2,106,836 1,991.588 The results for the year all relate to continuing operations. The Statement of Financial Activities includes all gains and losses recognised in the year. The Statement of Finarscial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. A fully detailed Statement of Financial Activities for the year ended 3 1 March 2024 is shown on Note 21 to the financial statements. 20 Age UK Leeds Balance Sheet as at 31 March 2025 2025 2024 Notes Flxed assets Tangible assets Investments 846.546 801 069 1 647 615 884,000 759 349 1 643 349 io Current assets Debtors Cash at bank and in hand li 77,950 545 253 623,203 101,302 458 748 560,050 Creditors.. amounts falling due within one ear 12 163 982 211811 Net current assets 459,221 348,239 Net assets 2 106 836 1 991 588 Funds: Unrestricted funds Restricted funds Total Funds 1,494,281 612 555 2 106 836 1,280,872 710 716 1 991 588 The Financial Statements have been prepared in accordance with the special provisions relating to the companies subject to the small companies regime which is part of the Companies Act 2006. They were approved b the Board of Trustees on and signed on its behalf by.. Keith Wakefield Chair of Trustees The notes on pages 23 to 38 form part of these Financial Statements Company number: 01236909 21 Age UK Leeds statement of Cash Flow for the Year Ended 31 March 2025 Not•s 2025 2024 Net cash provld•d by operatong artlvltles 15 53,824 (190,689) CJ$h Flows from Investlng actlvltles: Investment income received 77,127 42,816 Purchase of property plant and equipment Net cash used In Invostlng actlvltles Change In cash and Cash equlvalents In the year Cash and cash equlvalents at the beginning of the year Cash and cash equlvalents at the end of the year 128,225 1 216 391 <153,660) 1 370 051 1 344 616 1216 391 Cash and cash equlval•nts are made up of Short term deposits Cash at bank and In hand io 799,363 545 253 757,643 458 748 Cash and cash equlvalents at th• •nd of the year 1 344 616 1 216 391 22 Age UK Leeds Notes to the Financial Statements for the Year Ended 31 March 2025 l. Accounting Policies The principal accounting policies adopted, judgments and key sources of uncertainty in the preparation of the financial statements are as follows: Charitable Company Information The Charitable Company is a private company limited by guarantee, which is incorporated and registered in England and Wales, under company registration 01236909 and reglstered as a charity with the Charity Commission of England & Wales under charity registration 504899. The registered office is, Bradbury Building, Mark Lane, Leed5, LS2 8JA. Basis of Accounting The financial statements have been prepared on a going concern basis 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 (FRS102) (effective l January 2019) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006 and Charities Act 20 11. Age UK Leeds meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. Going Concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and not less than one year from the date of approval. The Trustees are constantly monitoring the financial position of the charity. Also, the charity has no borrowings and receives substantial funding from government grants and contracts, of which significant amounts have already been secured for the 2025/26 financial year. Therefore, the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. Fund accountin9 Unrestrirted Funds Designated funds are amounts which have been put aside at the discretion of the Trustees for specific projects Wlthin the charity's charitable objectives. Undesignated general funds represent funds, which are expendable at the discretion of the Trustees in the furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment. Restricted Funds Restricted funds represent grants, donations and legacies received which may only be applied for the purposes specified by the donor. 23 Age UK Leeds Notes to the Financial Statements for the Year Ended 31 March 2025 Transfer between funds All income and expenditure is initially included in the Statement of Financial Activities. The deficit arising in the year on restricted funds is met by a transfer from unrestritted funds. Transfers are made to and from deslgnated funds in amounts determined by the Board of Trustees, to provide funding allocations for specifically identified projects, activities or event5 Wlthin the unrestricted fund. Income All the income is recognised in the Statement of Financial Activities {"SOFA") when the conditions for the receipt have been met and there is reasonable assurance of receipt. The following accounting policies are applied to income: Government and other grants Grants are recognised in the SOFA when the conditions for receipt have been complied with. Investment Income Investment income is accounted for when receivable. Legacies Pecuniary and residuary legacies are recognised when received or if, before receipt, there is sufficient evidence of entitlement to the legacy, receipt is probable and they can be measured with sufficient reliability. Expenditure Liabilities are recognised in the SOFA when due under the accruals concept and are allocated between restricted and unrestrirted finds as appropriate. Allocatlon of Costs The Charity's operating costs include staff costs. rent and other related costs. Such costs are allocated between charitable artivities, raising funds and tradingi an(i between either dirert or support costs. Staff and administrative overheads are allocated to the salary costs of staff working directly in the relevant departments, and property costs are allocated according to the space used by each activity. Operatlng Leases Rental costs under operating leases are charged to the SOFA in equal amounts over the periods of the leases. Pension Costs The charity operates a defined contribution pension scheme, the assets of which are held separately from those of the charity in an independently administered fund. Contributions payable for the year are charged in the statement of financial activities. Tanglble fixed assets Only assets with an individual (or total project) value of £1,000 or more are capitalised. Assets of a value less than £1,000 are included within the SOFA as expenditure. Tangible fixed assets are stated at cost, less depreciation, with depreciation rates as follows: Freehold buildings Fixtures and Fittings IT and Office Equipment 20/0 Straight line 10 - 150/0 Straight line 250/0 Straight line Freehold land is not depreciated. 24 Age UK Leeds Notes to the Financial Statements for the Year Ended 31 March 2025 Investments Investments {other than investments in subsidiaries) are stated at market value. Unrealised and realised gains or losses on revaluation arising during the year are reflected in the SOFA. The listed investments. see note 10, are held to generate return5 and gains for the charity and accordingly are designated as fair value through profit and loss ("FvfpL"). Under this designation the investments are revalued at each period end to its fair value, as determined by reference to quoted rnarket prices, with any gains or losses going through the statement of financial activity. Investments in subsidiaries are stated at historic cost and the Trustees review the carrying value annually for indications of impairment. Financial instruments The charity has elected to apply the provisions of Section I I 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 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 held for working capital. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid. Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the income and expenditure account. Creditors and provisions Creditors, loans 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. loans and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Financial liabilities are only derecognised when, and only when, the Charity's obligations are discharged, cancelled or they expire. Amounts recognised as provisions are best estimates of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Taxatlon Age UK Leeds is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, the charity is potentially entitled to tax exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising. 25 Age UK Leeds Notes to the Financial Statements for the Year Ended 31 March 2025 Crltlcal accountlng estimates and Judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affetts only that period, or in the period of the revision and future periods if the revision affects both current and future periods. Legacies Legacies are recognised a5 income when probate has been granted. the charity has established its entitlement to the funds and where sufficient information is available to allow it to measure its entitlement. Donations and legacies 2025 2024 General donations Legacies 31,232 340,139 32,191 1,500 Non Performance Grants.. 7,500 378,871 12,446 46,137 In the current and previous year, no income was included within restrirted income. The Charity also benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with Charities SORP, the economic contribution of general volunteers is not ￿COgnised in the accounts. Charitable Activities Unrestricted Restrirted 2025 Unrestrirted Restrirted 2024 Grants and Service Contracts.. Hospital to Home Independence at Home Ageing Well Advocacyi fnformation and Advice Team Fee Income: Contributions/fees from artivity classes 696,460 132,547 141,216 38,159 696,460 336.651 141,216 117,159 718,000 88,404 210.491 38,159 718,000 349,722 231,502 57,069 204,104 261,318 21,011 18,910 79,000 132,369 132.369 113,239 113,239 414,478 1 055,054 1 469 532 415,473 1,008,382 1,423 855 other Trading Activities 2025 2024 Fundraising Catering Room hire 2,826 3,436 6,049 5,578 24,510 36,137 27,207 26 Age UK Leeds Notes to the Financial Statements for the Year Ended 31 March 2025 Investment Income 2025 2024 Bank interest Dividends 77,033 94 42,785 31 Expendlture For the year ended 31 March 2025 Raising funds Charitable activities Trading 2025 Dirertly attributable costs.. Staff costs Staff related costs other direct costs 22,619 269 8,984 1,225,434 56,015 1,257,037 56,284 1 356 369 1 393 962 Support costs: Staff costs Staff related cost5 Property costs Office and administration costs Legal and professional Irrecoverable VAT De reciation 3,160 199 1,578 1,157 1,482 309 769 1,255 75 626 465 608 122 306 160,748 10,024 80,179 54,332 25,630 15,721 165,163 10,298 82,382 55,955 27.720 16,152 385 739 14 797 1 742 108 397 850 1 791 812 Total costs For the year ended 31 March 2024 Raising funds Charitable activities Trading 2024 Directly attributable costs: Staff costs Staff related costs Other direct costs 24,108 409 9,576 1,252,598 85,260 114293 1 452 151 1,286,282 85,669 123 020 1 494 971 Support costs: Staff costs Staff related costs Property costs Office and administration costs Legal and professional Irrecoverable VAT De reciation 2,963 253 1,005 412 830 263 780 1,177 loo 399 165 328 104 310 150,705 12,897 51,093 19,344 42,020 13.360 154.845 13,250 52,497 19,921 43,178 13,727 329 075 1 781 226 338 164 1 833 135 Total costs 36,156 Operating surplus Operating surplus is stated after charging 2025 2024 Audit fees Non-Audit fees accountancy Depreciation 11,800 2,800 10,395 2,370 27 Age UK Leeds Notes to the Financial Statements for the Year Ended 31 March 2025 Information on Officers and Employees staff costs 2025 2024 Salaries Social security Costs other ension costs 1,280,546 107,081 34,573 1,422,200 1,301,410 104,874 34,843 1,441,127 The average monthly head count was 63 staff {2024: 67). There were no employees (2024: no employees) whose total employee benefits (excluding employer pension costs) exceeded £60,000. The key management personnel of the Charity comprise the Trustees, Chief executive, Finance Director, Operations Director Performance and Quality, Income Generation Director, Operations Director- Partnerships and Service Development. Their total employee benefits were £246,116 (2024: £237,648). Tangible Fixed Assets Land & buildings Fixtures & fittings Total Cost: At l April 2024 Additions Dis osals At 31 March 2025 1,114,737 220,828 2,726 140 223 414 1,335.565 2,726 140 1 338 151 1 114 737 Depreciation: At l April 2024 Charge for the year Dis osals At 31 March 2025 317.032 20,294 134,533 19,886 140 451,565 40,180 140 491 605 337 326 154 279 Net book value at 31 March 2025 Net book value at 31 March 2024 777,411 69,135 846,546 797,705 86,295 884.000 10. Investments 2025 2024 Listed Investments Market value Short term de osits 799 363 757 643 UK unlisted investments - subsidiaries Total 801 069 759 349 Historic cost of Investments 757 647 757 647 Flxed Asset Investments - Unllsted shares in subsidiary undertaklngs Com Age UK Leeds Trading Limited A e UK Leeds Enter rises Limited Holdln IOOD/o IOOO/o Actlvi Domiant Dormant 28 Age UK Leeds Notes to the Financial Statements for the Year Ended 31 March 2025 ii. Debtors 2025 2024 Trade debtors Prepayments Accrued income 9,704 15,282 27,501 20,550 101 302 12. Credltors: Amounts Falllng Due Wlthln One Y•ar 2025 2024 Trade £￿dItorS Deferred income Other credltors and accruals Tax and soclal security 30,091 7,786 88,363 24,468 18,474 128,569 163 982 211 811 Deferred income comprlses grants and other payments received In advance for charltable actlvlties supporting older people due to be delivered In the following year. 2025 2024 D•f•rr•d Income: Balance brought forward Released to income from charitable activitles Amount deferred in the ear Balance carrled forward 18,474 (18,474) 31,500 (31,500) 29 0*￿0(￿0 io i om M Lr* OQ) (N oMN0r£s￿cTh(D￿ts)0intr0Lnts)￿ r￿￿*(0￿Lnrnl0￿￿roO￿Ln￿oo¢ NomNoo) 1th￿C¢0M￿0￿C¢N troou)Ln￿0o •ffrrriChO to Trj A Ln 0tr¢0400 10 o)a)o 00)Lno o) Ln 000 )fuuuDUI o)Qo agtDU(iU Dxu)z In oj ffjUr4 nj£ C ozl tJO omo crxJ +Zi c> IN 0￿0*D 4rAo Ults)Q¢x* £*w OtrT*OLOOO o)cThoo ots)wou) ONLn ) O omooNrxom0trT4m￿rno OLno0￿))OOtO￿th￿￿CryLn o000￿¢0(¥ • mo Lrt OLn00th￿0tr orooooo LAA0￿*00 Is￿010100Ln ¢Yi00￿c￿ Of￿ Q>w E C C C¢9 CL£ QE o)Cs o Vayffj(iUUw Jo£ Inc￿JZEEX￿ <MLL ¢010 (00 ojcco Lno ooco Age UK Leeds Notes to the Financial Statements for the Year Ended 31 March 2025 13. Movement in funds {contlnued) Restricted Funds: Age UK - Later Llfe Goals Fundin9 via Age UK from the Masonic Charitable Foundation for the Later Life Goa15 project described in the Trustee report. Age UK - Dementla MCST programme Provision of emergency food on hospital discharge as an early intervention to reduce negative impacts on wellbeing, and reduce potential for readmission. Hospltal to Home The H2H service is commissioned by the Leeds ICB and works in partnership with services across the Leeds Health and Care system. The service is based in St James, Hospital closely aligned to the Frailty Unit and has the primary aim of reducing avoidable admissions and facilitating earlier discharge. Independence at Home Core funding received in 202112022 to be used in later years. Leeds City Council - IBCF - Leeds Oak Alliance A partnership between five city-wide care providers in Leed5 SUPPOrting older people, to respond to the new, evolving strategy for people living with frailty and at the end of lile. Leeds City Council - Hospital Discharge emergency food Provision of emergency food on hospital discharge as an early intervention to reduce negative impacts on wellbeing, and reduce potential for readmission. NHS Leeds CCG - Home Comfort A service to extend the operating hours of the Hospital to Home service up to 10pm, and to provide practical and emotional to support to older people. The aim of the service is to reduce the risk of avoidable admissions to hospital and to provide 'holistic' multi-disciplinary support incorporating both clinical and non-clinical interventions. Sanctuary Support Leeds Domestic Violence Support {LDVS) partnership offering support & advice for domestic violence issues, partnership with AUKL for older people. NLF Now and Then To continue and expand our existing intergenerational project work for a year. Household Support Funding for immediate relief for older people to reduce anxiety of cost of energy, food & essential living bills. Warm Homes The Warm Homes (Discount Scheme Benefits Entitlement Check) programme is managed by Age UK nationally and delivered by local Age UK5 across the country. Home Plus Funding aimed at enabling and maintaining independent living through improving health at home. Community Activities This service evolved to deliver various community-based projects designed to support older people whose health and wellbeing had been impacted by lockdown. Llnklng Leeds Funding for a wellbeing coordinator. 34 Age UK Leeds Notes to the Financial Statements for the Year Ended 31 March 2025 13. Movement in funds (contlnued) AUK Scams The programme, funded by Lloyds Banking Group and led by National Age UK, helps to prevent older people from falling for scams by increasing their knowledge and confidence to recognise and deal with attempted scams. NHS Leeds CCG - Gledhow Hub Development of dedicated accommodation for the delivery of the Hospital to Home service. Prosper -Bradford Teaching Hospitals Funding for Age UK Leeds to participate and provide service to support the implementation of the Bradford Teaching Hospitals projert on personalised care planning to improve quality of life for older people with frailty. Enhance Funding for those referred by Leeds Community Healthcare Services Age UK Leeds Centre This is a capital fund against which depreciation of the Bradbury Building, prior to its refurbishment in 2012, is charged. Bradbury Building 2012 This is a capital fund against which depreciation of the redevelopment and refurbishment of the Bradbury Building, undertaken principally in 2012, is charged. LCC I&A Pension The LCC Pension Fund was an initiative to try and spread awareness of pension credits. W2W National Lottery National Lottery award to match fund costs of running the newly formed Ways To Wellbeing Service over three years. Offering a varied and ambitious programme of activities designed to improve older people's wellbeing and address gaps in local service provision. Ways to wellbeing integrates 4 pre- existing Ageing Well services that had run as separate projects; Digital Wellbeing, Befriending, State of the Ark and Community Activities. Going forward, planned activitie5 will be themed around the Five Ways to Wellbeing.. Connect, Give, Learn, Take Notice and Be Active, with the aim to keep people healthy and mentally active later in life. Stay Well Fund Leeds Community Foundation award to provide warm items for elderly people being discharged from hospital including the provision of beddingi warm blankets, scarves and hats. Designated Funds: Funds designated by the Trustees amount to £758,611 for the following purposes: £498,243 has been designated from the proceeds of legacies received. The intention is to spend these funds on charitable projects that meet the Charity's primary strategic aims over forthcoming years, preferably in a550ciation with matched funding from other funders. £67,520 has been designated to cover repairs to and cyclical maintenance of the Bradbury Building, the Grade 11 listed building owned by the Charity. The intention is to commit a maximum of £IOO,000 to this fund over time. £IOO,000 has been designated to to a Cost of Living Recovery fund, recognising the fact that it is likely that deficits will be made in future years as a result of the effects the pandemic has had on the charity and particularly its ability to raise funds. £92,848 was designated as an Emergency Operating Reserve. 35 Age UK Leeds Notes to the Financial Statements for the Year Ended 31 March 2025 14. Analysis of Net Assets Between Funds For the year ended 31 March 2025 Tangible Fixed Assets Net Current Assets Investments Total Unrestricted general funds Designated funds Restricted funds 335,563 1.706 398,401 758,611 101 572 1 706 1 258 584 735,670 758,611 612 555 2 106 836 510 983 846 546 For the year ended 31 March 2024 Tangible Fixed Assets Net Current Assets Investments Total Unrestricted general funds Designated funds Restricted funds 360,262 1,706 284,637 634,267 186 978 1 706 1 105 882 646,605 634,267 710 716 1 991 588 523 738 884 000 15. Reconciliation of Cash Flows from Operating Activities 2025 2024 Net (deficit} / income for the year Adjustments for.. Depreciation Investment income Decrease in debtors Decrease / Increase in creditors Net cash rovided b eratin 115,248 {238,513) 40,180 (77, 127) 23,352 40,746 (42,816) 31,165 activities 190 689 The charity had no debt in either the current or previous year. 16. Contingent Llabllities The National Lottery Charities Board capital grant of £1 11,259 received in 2000 towards the cost of an extension to the Age UK Leeds (St John's) Centre (now the Bradbury Building) is repayable, potentially, in full or part if the charity ceases to operate or is wound up. This condition expires in 208112082. 17. Operating lease commltments At the reporting end date the charity had outstanding commitments for future lease payments under non-cancellable operating leases, which fall due as follows: 2025 2024 Within one year Between two and five ears 6,818 13,750 36 Age UK Leeds Notes to the Financial Statements for the Year Ended 31 March 2025 18. Trustees, Remuneratlon and Expenses No remuneration Is paid to Trustees. During the year no Trustee claimed out of pocket expenses {2024 - no trustees). 19. Related Party Transactlons There were no related party transactions in the cUr￿nt or P￿vIouS year. 20. Penslon Schemes Deflned contrlbutlon sch•me The Charity runs a Scheme for Its staff, which is a defined contributlon scheme. The penslon charge for the year Includes contributlons payable to the scheme of £34,573 {2024 £34,843). At the year- end £6,129 (2024 £5,756) was accrued in respect of contributions payable to this scheme. 37 Age UK Leeds Notes to the Financial Statements for the Year Ended 31 March 2025 21. Comparatlve Statement of Flnanclal Actlvlty for the year ended 3 1 March 2024 Unrestricted Funds Re$trirt•d Total Funds Funds 2024 Income from: Donation5 and legacies Charitable activities 46,137 414,478 36,137 42,816 46,137 1,469,532 36,137 42,816 1,055,054 other trading activltles Investment income Other income Total Income 539,568 1,055,054 1,594,622 Expendlture on: Ralsing funds Tradlng Charltable activities 36,156 36,156 15,753 1,781,226 1,833,135 15,753 630,593 682,502 1,150,633 1,150,633 Total expenditure Net Income / expendlture and n•t movement in funds (142,934) (95,579) (238,513) Reconclllatlon of fund$: Total funds brought forward Total funds Carried forward 1,423,806 806,295 2,230,101 1,280,872 710,716 1,991,588 38