2023 - 2024 Annual Report
Age UK Gateshead “Its simply about people
Annual Report
Our Team
A Special thankyou to our trustees:
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Liz twist
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Scott Duffy
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Sue Jennings
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Rob Page
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Rebecca Haines
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Kath McCartney
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Margaret Barrett
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Jenny Rookes
Annual Report
A message from our chair
Dear Friends,
As Chair of Age UK Gateshead, it is my privilege to present our annual report for this year. Reflecting on the past twelve months, I am filled with immense pride and gratitude for the remarkable resilience, dedication, and compassion demonstrated by our team, volunteers, and supporters.
This year has been one of significant progress and meaningful impact. We have expanded our services, reaching more older adults in our community and providing the support they need to live with dignity and independence. Our efforts have been particularly focused on combating isolation and loneliness, ensuring that every individual feels connected and valued.
Our community programs have thrived, thanks to the unwavering commitment of our staff and volunteers. From wellness activities to social clubs, each initiative has been a step towards building a more inclusive and supportive environment for our older population.
The feedback from our service users has been overwhelmingly positive, reinforcing the importance of our work.
I am also delighted to report on the strengthening of our partnerships with local organizations and stakeholders. These collaborations have been instrumental in enhancing our outreach and effectiveness, allowing us to pool resources and expertise for the greater good of our community.
As we look ahead, our mission remains steadfast. We will continue to advocate for the needs and rights of older people, adapting and evolving our services to meet emerging challenges. The upcoming year will see us launching new initiatives aimed at health and well-being, digital inclusion, and intergenerational engagement.
I extend my heartfelt thanks to everyone involved with Age UK Gateshead – our dedicated staff, passionate volunteers, generous donors, and valued partners. Your contributions are the foundation of our success and the driving force behind our mission.
Together, we are making a profound difference in the lives of older adults in Gateshead. I am confident that, with your continued support, we will achieve even greater heights in the coming year. Warm regards,
Liz Twist Chair, Age UK Gateshead
Annual Report
Our Mission
An Age friendly Gateshead and Newcastle where you can enjoy your later life
“Its simply about people”
Annual Report
We bought a bank !
In May 2023, Age UK Gateshead reached a significant milestone by acquiring its first headquarters—a former Barclays bank on Gateshead High Street. This location is set to become the new Age UK Gateshead HQ, a central fixture within the Gateshead community. After extensive planning and discussions, renovations commenced in August 2023. staff and services moved in and it officialy became our home in January 2024
Annual Report
Our Achieviments
Take a look at the fantastic achievements of the various services and teams at Age UK Gateshead. We are committed to assuring quality service delivery, developed with the Esther model, and guided by our mantra: "It's simply about people."
3,823 individuals with Dementia supported
9 Daycentres and lunch clubs
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11 Friendship or common interest groups
Annual Report
£53,399 From our retail shop
6 BUSES 87,600 Miles
Miles
153 Fabulous Volunteers
14,427 Individuals supported
714 Individuals supported with digital inclusion
04
Annual Report
43,680 Hours provided by volunteers
Our volunteers saved us £320,000
Miles
50 Staff providing 5460 hours of support weekly
23,800 Befriending calls / visits
496 People supported with bereavement
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Annual Report
24,700 Home visits made
68,208 Benefit enquires received
Miles
£3,200,000 additional benefits claimed
3,100 Advocacy hours
1,834 Direct referrals to hospital to home
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Annual Report
5 rehabilitation day services in newcastle
422 Digital devices loaned out
Miles
Over 100 MCST sessions
1,482 people signeposted to 152 agencies
3 new dementia cafes
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Annual Report
Thankyou to our funders !
Age UK Ballinger BESN Big Lottery Integrated Care Board Durham Freemasons Gateshead Council NEA Newcastle City Council Police & Crime Commissioner Riddell Family Trust Sky Cares Garfield Weston Eon Good things foundation Smart meters Newcastle food bank James Knott
Thank You to Our Generous Donors We extend our heartfelt gratitude to each and every one of you who made personal donations this year. Your generosity has made a profound impact on our organization and the services we provide for older people in our communit
CHARITY REGISTRATION NUMBER: 702561 COMPANY REGISTRATION NUMBER.. 01863488 AGE UK GATESREAD LIMITED Company Limited by Guarantee Financial Statements 31 March 2024 Chartered Accountants & Statutory Auditor West 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD
Age UK Gateshead Limited Company Limited by Guardntee Financial Staicmcnls Year ended 31 Maich 2024 Page Trustees, annual report (in¢oordI1n8 ihe KSSage from our Chair) IndLyendenl auditoi's report lo the memk Statemenl of financial activities (includmg inconK and expenth.ture account) 11 Balance sheet 12 Statement ol'cash Ilows 1.1 Noles lo Ihe financial statetM]Is 14
Age UK Gateshead Limited Company Limited by Guarantee Trustees. Annual Report {Incorpordtin"q the Director5, Report) Yea r ended .3 l March 2024 The Irustees, who are also the directors for the purp)ses of company law. present their rq)oM and the financial slal¢m¢nts ot the ¢harity t.or the year ended .3 l Mar¢h 2024. Referen¢e and administrative deta ils Registered Lharily name Age UK Gateshead I.imil¢d Charity regiytration number 702561 Company registration number 01867488 Principal office and registered office 21511&8h Sireel IIigh Streel (TatL'shead Chi¢fix¢cutive Ian Wo]slenholme -l-hL trugtees MargarLI Bae1t SL()11 Dully RLbL'LLlI I laines SUL, JLnnin8 KathlLX'n M¢Cartney (iary MLMillan (rL'%igncd 24 OL'lober 2023) R()bL'rt Pa8L' {rLS18TJLd 5 Junc 2024) M&try Eli/.abeih Twist {app()InlL'd 25 July 2023) JL'nnifer Rooke5 (appoinled on 10 January 2024) Auditor Siephen50n Coale5 Audil Limited L harlered Accounlanls & Siatutory Auditor WL%I 2. Asama Court NLwcasilL Ilu%iiiess Park NLWi&SIIL upon Tyne NE4 7YD
Age UK Gateshead Limited Company Limited by Guarantee Trustees, Annual Report (Incoryjorating the Directors, Report) (caniiwieilj Year ended 31 Mareh 2024 Message from our Chair l am deh'8hied io present my second annual report as the Chair of Age UK Gateshead. This year has been a landmark onL for our Lharily, markLd by gro%], innovation, and unwavLrill8 commitmL'nl lo our Lommunily. Thunks. tu the inLiediblL 5UPPOrt fTom our communily. we are proud lo rewrt ihal our charity continuLs lo Ihrive. ()VLr thL pasl y¢ar, WL. have had ihe pnvilege ol. supw)rling over 14.5(KI PLPIl. providiiig e.lIa1 serviLLts and Sup)rt Ii) IhosL who nLd it mo%1. 'Ihi% achiLvLmLl undLY5LofL'S thL' ImpaLI WL. IifL making In IhL IIVL'S ()I' c)IdL'r pcoplc Ihroiighout Galcshcad and N¢wcasile. On¥ of th¥ mosl ¥x¢iling dLvLI()pin¢nlts thi% ylar has b¢x'n the acquisition of c)ur hLdd4uart¢'Tr•. WL hav¥ transfonnLd a fomiLrly vacanl bank on (ialeshcad I li8h Sirccl inlo a vibranl communily a%%L'I. This new laLility will allow u.s lo expand our SeICeS and creale a welcomin8 space for all. reinlorcing our commitment lo enhancin8 Ihe lives ol'our communjly. OLir i'i%i()n rL'main.s %implL' yL.I prc)fc)iind.' to LfL'dlL' Lnduring pc)silivL LhdngL in IhL' IivL% C)f ()ur ()IdLr #dulls. Thi vision drives us lo continuously improve and adapl our servic, ensuring we Ineet Ihe evolving of our ci)Inmunity. We are dLxliLalLd Ii) mainlainin8 lon&%-ILYm linanLial su%lainabilily, whiuh allows us thL IIL'xibilily lo oifLr and L'nhanLL ihL serviLes our communily so deeply desirL'S and rL'quirL%. I Wiinl Ic) Lxl¥nd my h¥artf¥ll gratiludL lo our gLm¢rc)us fundl T5, sILadfas1 partners, and thu IiumLrou% ¢lrItable It% Ihul huvL SUPPI)rtLd us. '11)L'ir bLIiLI' in our mi%sii)n and thLif Ll)mmitmLnt l() dLlii'LYin8 high-valuL %LrviLL's el'liLiLnily have EL'L'n in.s1MLn1ll1 in our SUCL'ess. 'IThLy undL'f51and Ihal plaLing PLC)plc al IhL hLart c)r SLfviLL prov1510n 15 not just a phi105()phy bul lh¢ essence of how we 0rat¢. ()ur Ll)InmilmLnl Ic) dLlivLring la.sting Lhun8L is Nlrc)n8LY Ihan L'vi'r. ()ur mi%sii)n rL"achL% LIILry LC)rnLr i)fii4ilLNhL&d and NLw¥a%ilL'. and w¥ rL'main ru.d c)n eTrsuring Ihal LVLry individual in our cominunily Lan Linbril¥L and chLrish Iheir later years. re8ardlL%S ol. Ihe challenges they may lace. Trinully, I want lo LxprLSS my dLx'pL( atvrLYialion lo our dLxl1calL slatT. lirLILSS volunlLx'rs. and Ll)mmillL iir'AngLl¥ i)I' IhL' Ni)rth. ThLir unwavLrinB dLdicalic)n and lflL$% Lffc)rts arL% IhL baLkbc)nL ()( AgL I IK cia1Lhead. Wiihoul Ihem, we would not be the remarkable charilable inslilution we are l(yday. 'I'o all our dLar rriLnds und suppx)rtL'rs. your on8()in8 SUPPOrt is as cruLial now as it ha¥ ever bLX"n. 'fhank you r()r bLin8 an inlLyral part of our journey. BL%1 wishes, M -I'wist
Age UK Gateshead Limited Company Limited by Guarantee Trustees, Annual Report On¢ory)orating the Dire¢tor$' R¢FK)n) {cuiiiiwieil) Year ended 3111 arch 2024 Trustees Annual Rert The Iruslees are pleased io present their report 108eiher with ihe financial stalemenls of Ihe chartly for the year ¢ndLd .1 l Mch 2024 whiLh arL also pfL'parLd to ML.1 thL' fL'quifLYllLnts lor a dIrL10rS, rLI)orl and acLounts lor Companics Act puTroses. The linancial slalements comply with ihe Charilies Ad 2011, the Companies Acl 2006. IhL Memorandum and Articles of Ass(K'iation and ALcounling and Reportin8 by Charities.. Sialemenl of RLYommLndL4J PraclicL applicabl¢ to chaTili¢s preparing th¢ii ac¢ounls m a¢¢oTdance wilh the FJnaDcial ReTK)rting Standard applicabl¢ in IhL UK and RLpubliL ol. Ireland (I.RS 102). The organisation is a Public BLnefil Entily wiihin the dLtinilions of s34 E,-RS 102. Objectives and activilies for the publie benefit The aims of our s¢rvi¢¢s. for older people Conlinue lo be ageing w¢ll, redu¢ing slJI isolation. maximi5ing inLome, adv(K'acy. enablin8 and promotin8 physical health and wellbLin8. The Iru81¢es are satisfied ihal in ac¢ordanc¢ with lh¢ Charily Commission 8uidelin¢s, Age IJK Cialeshead meet IhL publiL bLnLlIl rL'quirL'mL'nls. INstL'S have re8urd lo this 8uidanL'e when LxLrLisin8 any PDWL'f5 or duliL5 Ic) whi¢h thL' 8uidan¢¢ is relevant. A review of our #chievementy and perfomanee l. Susl4lftlnR and Growing ThL dini 1% li) divLrsify our inciimL' slrL'ams. Ic) incl LharilablL INSI grnnls. 51aluliiry SLclor conlracts, serviLes w¢ n)dk¢ u iharyL lor. growinp• our r¢tsil offer and developing communjly fundrdising. 2. Innovalin% onJ improving Expanded all services WL OPLnLd a JaLks'on slrttbl rL>lajl unil Thr(?ugh r¢%truLluring in¢rL'IL%¢ th¢ numlK'r c)f l.unch C lub% Jnd Day Ccntr¢'s In partnLPyhip WL. dL'1iVLrL a Disilal Ilub sLr%icL' fc)r IhL b(irc)u8h of Gaiesknd BLLamL thL ILadin8 Lhanly lor dLmLnlia SLrviLYs in (ialLshLad ImprovLd 5LfviLL aLL'LS5 Ihrough inLrL5in8 our Iransport flLt All slaff b¢¢ame Isl Aid qualif)ed and M¢nlal I lealih Fitsl Aid qualifi ComplLled CQC rL'gi5tralion Invvtsled in Lentral (iateshead by openin8 up our very first charity owned HQ
Age UK Gateshead Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) (coiihniieil) Year ended 31 March 2024 A review of our achievements and perforniance (conrfniieifj 3. Delivering n rnnge of liigh quality person cenlrel services and socinl enlerpnsof ThL' aims of our seTvices for oldci pLPIC continue lo be ieducing social Isolalion. maximising inconK. enabling ind¢pend¢nt living and promoling physical health and emotional wellbein Our InfoTmalion & Advice s7¢¢ expanded to meet incr¢&sin8 demand Our befriending service has expanded lo include d¢dicated volunleers from our COTwralc partncrs Sty WL improved and Lxpanded our community groups WL. providLxI adi'oLaL'y SUPIKlrt hour5 of1.1(X) durin8 the yLar WL. pr()vidLd %ilLLL'.S5fiil Lluims lo l.2 millic)n In unLlaimL'd IKmL'fits We conliniiLd lo cxpand our rdnge oldcmcnlia Servic lo inc(Itpordte MCST. Dcmenlia Day Cenlre, Dementia l.inks. and l)ementia Lates WL doublLd our resourL'e into the Boroughs only Bereavemeni Setvice providin8 muLh need suppot110 an invrL'asin8 th¥ number ofcliL'nls inwrtx)raling Ix)Ih ]k.ru'av¢lln¢nl and Suicid WL dLIiVL'rL 18 Chri%tma% partlL5 Ic> over 2,489 peopl¢ and 7.800 Chrislmas gifts and w¢lfarL parcL'Is We opened our irusicd assessor's services 4. Involving, infliiencing and pronioling social inclusion.. WL grL'w the organisation to meel ever increasin8 demand with particular re8ard io Dementia and MLnlal hLlth Uur inlL8raled approach Saw Ihe or8anisalion joined by: CialLhLad Louncil NLwcastlL' Lity Council Icp & Icii NHS 5 Charilies SKY MLtro Cenlre 14,500 P¢opl¢ from our communities Plan¥ for the future Oiir len )'ear iyj.8ion An UgL InLndly (watL'shLad and NL'wc&8ilL where you can enjoy your laler life "It's Simply aboul People" 014r iiii.s.Fio We provide you wilh praclical and emolional support through inf0mtiOn. advice and activities that you lrnst. value and benelit. Oiii. iuliies Uscr-led. PeT50ll centred, Inclusive. Compassion. Profe5siimal More people are: rinanLially secure, I l¢xlthy & well, socially connecied & fulfilled. Welcome & resled.
Age UK Gateshead Limited Company Limited by Guarantee Trustees. Annual Report {Ineorporating the Directors, Report) (caiiniiueil) Yeur ended 31 March 2024 Plans for the future (continiied) Pi iorilies acn)Ns eill aelivilies Dclivery is evid¢n¢e lcd, r.n8agement of oldcr people ITOM u1¢r-T¢prCsenied 8roups. improved communications and maikclin8. SeLure more income from a widL'r tange of 50Uttes. Partner and collabotale lo deliver eificient nd Lll¥Ltiv¥ d¥'livery. C¢lebraling older peoples roles in society and lobby for ae frieiidly places and opp()rtuniliLs, I,.nsuring IL'gal, rL'8uldlc)ry, and quality LmpliALL. and L'XLLIILnLL. SirLn8ihL'niiig Lharily gavcmance. financc, opcrations and performance. Oiil. Ioiix iL'niis ciipiij ui'e fo. Iluild a %lr()ng"A8e UK (iateshead Communitf. A community that locuses on ihe indii'idual. A communily where each individual's needs will be recognised. A Lommunity whiLh will 5UPPOrt and enable everyone. A L()minunily that will prcividL' %dfL.ty and 'Lurity. A communily ol" individuals who liel thLy bL"lon& Oiir ainis and objecli ()ur annual or8anisalional objectives are thal.. I O.I)00 L'ngdgL with our SeiLL5 75'/o ol. bL'nLIILliifiLS enjoy thLir later life. 75 /0 1)I' bLnLIiLiiifiL% and vuluL i)ur support S¢rvi¢¢ qualily rrLY1)laI1OnS arL' mainlain¢d. Annual Iinancial suslainabilily is achieved. Finxnel*l rtview, reserv poliev and Going Conecrn 11]L Lharily rLL.o8ni5L I"1,176 ()8() ol. inLomL' lor thL year (2021.. £1.-105.492). ond costs or £i,181.544 (2021.. £1.081.71)11). -lThe accounls Iherefore show a deficii for the year anKhunlin8 to £4.555 (2021.. SUTplus £221.C)1)4). One ol. thL main activities allecling the linances in the year was the purchase of AgL UK GalLshead's new hLad olliuL al 215 lligh sirL'L. (ialL%hLad. 'lThis purL'hased al auclii)n for £275.OCAI whiLh IhL Iru.sILL% had dislat Irom prior years unreslri¥l¢xl funds. This h&s subsequunily been released frnm the desi8nalLd funds in thL yLar. 'IhL Lharily has SPLMI a lurthLr £14.1,507 makin8 signiliLant Lapital iinprovements to thLir nLw liLad otli¢e, whiLh ha% allc)wLd a lull serviLi lin¢ lo now be run out of it. ljnrestricted re5eNes at 31 March 2024 were £885,407 (202.3: £889.96?) and restricted reserve5 were £Nil (2023: £Nil). -IhL' IlnrLslriLIL rL'5L'rvL% will LbIL% IhL' Lhurily lo muinldin SL Th'iCL5 in ihL L'XPLLtLd dilliLuII liniL% 41hLad. lkn¢ trustees aim to maintain Ire¢ reserves in unrestri¢ied funds at a level which is no Ii)WLr tlian three months or tulal Lh<irilablL cxnd11urL'. It is L%limaIL Ihal this LXPLndilurL' LUlYL'nily LNuales Ii) £30U,I)011 (202.1.. £.100,000). Ai thi% ILVLI of unrLslriLted reserves. the charily could mainlain all OPL'ralions for m()rL' than IhreL months evLn it" no income was belng generated. CuTrenl Iree reserves. after adjusling for fixed assets and designaled funds. amounl tu l?86,414 (202.1.. £412,876). DUL lo thL' 518nifiLanl invLstmLnls madL in thL finanLial yL'ar, Ih15 has rLxIuLLd Ihc freL fLsLrves ol. Ihe Lhan'ly lo IK.low the deSIrL ILVLI. The charity will aim lo brLach this levLI in thL nLxi financial year. ThL chcirity ¥njOy g(K)d liquidily and has no issues [rCling its liabililics whcn they fall due. The trustees are contident that the chan.ly will continue lo operate loi ai least the nexl twelve months.
Age UK Gateshead Limited Company Limitcd bv Guarante¢ Truslees, Annual Report (Ineorporating the Directors. Report) (caiiliiiiieil) Yeur ended 31 March 2024 Trustees, responsibililies statement 11]L INsleLs, who are also dir.1013 for the punx)ses of company law, are resp)nsiblL for prq)arin8 thL Irustees. report and the financial slalemenls in accordance with applicable law and Uniled Kingdom Accountin8 Siandards (Uniled Kingdom GLmerally ALLLpled AcL'ounling PraLtice). Company law requircs thc charity Irusl¢es to prepare financial slalemenls for each year which 8iv¢ a Inlc and fair VILW ol. IhL 51atL' ol" allairi of thL' Lharitable Lompany and the incomin8 resources and appliLalion 0£. reyourL'e& inLluding thL illLomL and LXlX'ndilurL. lor that PLri. In preparing theye finanLial slalements, the tnteeS are required 10." select 8lltlablL' accoiinling policies and then apply them CO81StentI. observe the method8 and principles in the applicable Charilies %()RJ)- make judgmenls and aLcounlin8 estimates that are reasonable and pnbAenl' prL¥afL IhL finanLial slulLnK'nls on ihe 80in8 concern basis unless it is inappropriate to presumL Ihal the charity will continue in bSInesS. The tru%lees responsiblL for keepings ad¢quale accoun(in8 records that are su1¢1&1 to show and ¥xplain Ihc chariils IrantIons and disclose wilh reasonable accuracy al any lime Ihe rtnancial 81110n of the Lharily and enabl¢ Ih¢'m lo ¢nsur¥ Ihiil ihL linancial stal¢mLnls mplY wilh th¢ Lompani¢s Acl 2(KK). 'I'hcy are also r¢%pi)n%ibl¢ fc)r %iiligu¢irding IhL a%%Ll% ()I'thL Lharily and hLnLL r()r lakin8 rLa%()nablL %ILT4 for IhL prL'vLiili()n and dLILKli()ii ()I' fraud and ciihiy irr¢gulariti¢s. Audilor Each ofihe persons who is a ITUStee al the dale olapproval ofthis reFK)rt conf1rn that.. so far as ihey are aware. there is no relevant audit infornmlion of whiLh the charitys audilor is unaware: and they have takLn all steps ihat they ou8hi to have taken as a Iruslee lo make IhLmlSL'lves aware ol.any rLlevanl audit infom)alion and lo Lslablish Ihal the charilys audilor is aware of ihal IntornlIOn. 11]e audilor is deemed io have been re-appointed in accordance wilh seclion 487 ofihe Companies Act 20U6. lkne Irustees, annual report was approved on 23" July 2024 and si8ned on behalf ol'the Ix)ard ol'iruslees by. Chaitpetson
Age UK Gateshead Limited Company Limitcd bv Guarante¢ Indep¢nd¢nt Auditor'5 Report to the Members of Ag¢ IJK Gate5h¢ad l.imiled Yea r ended 31 March 2024 Opinion We have audilLd Ihe tinancial slalemenls of Age UK Cyateshead l.imited (Ihe 'charitY) for the year ended I l March 20?4 which comprise the slatement ol. financial acliirylies (including income and expendilure accounl), slalLniLnt ol. linanLial wsilion, 5tatL'mLI ol. Lash tlows and thL rLlalLd nulLS, IllLludiii8 d suninury ol. sig]iiliLanl accounlin8 policies. The financial reporting framework ihal has been applied in their preparalion is applicable law and ljniled Kingdom Accounting Standards. including FRS I O? The Financial Rewrting Standard applicable in thL UK und RLpubliL ol. IrL'lund (UnitLxl Kin8dom (iLllLrdlly ALLL'pILd ALLounling l)raLIiLe). In our opinion the financial statements: 8ive a Irue and fair view of Ihe slate of the charitVs affairs as ai I l March 2024 and of its incomin8 resources and application ol"resources. including Its income and expendilure. for the year then ended. have b¢¢n properly prared in accordance with ljniled kn'ngdom (i¢nerdlly AccLpl¢xl Accounting Prd¢ti¢e' have been prq>ared in accordance with ihe requirements ofihe CompAnies Act 21X)6. Buyis fur opiniun We conducled our audit in accordance with Inlernalional Siandards on Audiling (IJK) (ISAS (IJK)) and applicable aw. ()ur rC)n.1bIli11CS undLr Ihi)SL Standard% are lurthLr dL%LribLxl in IhL audili)rfs rLspiin%ibililiLs l()r IIIL audit ofih¢. Iinan¢ial slalL'm¢"n15 %¢Ylicin of our rqx)rt. W¢ arc ind¢pLmd¢ml of ihc charily in a(}rdanc¢ wilh th¢ ¢ihi¢al requirements that are relevant lo our audit of the financial statements in the UK. includinb¥ the FRC'S Ethical Staiid4ird. and WL havL' lulli11L our i)IhLY LthiLal [LPi)nsIbilitIL in aLLordanLL Witli thL5L rL4uirLmLls. WL bLIiLVL thal lh¥ Judil LvidLnLx" W¥ hav¥ c)biainLxl is %uifiLiLml and apprc)prial¢ lo providc a ba¥1% fi)r nur npinic)n. Con¢lu$lon$ r¢latln% to %oln% ¢onc¢rn In auditing the financial statements. we have concluded that the trnsl¢es' use of the ping concern basis of aLL()unlin8 in IhL prLyaralion ol. IhL financial s1alcmLIS is appropriate. 1141sLd i)n IhL w()rk WL havL pL'rfi)nrK'd. WL. havL not idLnlifiLYl any malL'rial unLLrtuinliL'S fLlalin8 1() L VLnl% or i)nditi()ns Ihal, individiially or LollLYlively, may cast signifi¢anl doubi on ihe Mpan abilily lo wnlinu¢ as a going LunLL'm lor o pLriud ul'al lea51 12 nK>nih5 Irom whLn ihL finanLial slalenk'nts arL' auihorisd lor 155UL. ()ur rL'%ponsib ililiL'S and the responsibilities of the ITUSt¢¢s' with respect to 80in8 conceTn are d¢ribed in the rL.IL'vanl slI0n ol. thi5 repirt. Other infornthtion ThL other infonnalion comprises the inforniation incI]ed in the annual report, olher than the financial slatemenls and our audilo¢s rcpotl thercon. The lrnslee5 are resw)nsible for ihe oihei Infomjalion. Our opinion on the finanLial slalLmLnls doL's not Lovcr ihc othLr infonnalion and. LXCL'pI to the exlenl otherwise explicitly slalcd in our rq)ort. WL do nol LxprLss any lorn) Orassuran Lonllusion thcrLX)n. In LonnLCtion with our audit of the financial slalcnKn15. our rcspon5ibilily is lo rcad Ihe other inforniation and, in di)Ing sc), L()n%idL'r whL.IhLY IhL oihLr inli)m)dlion Is malLrially inLc?nsislL'nt with IhL lindllLldl slalLmLnl% cir ()ur knciwlLd8e obiain¢d In the audil or othl'nvise appears lo be materially misslalcd. Il we id¢ntify such IDalerial inLun51slenLies or apparent material mi551alements. we are required to delemline wheiher thcre 15 a malLYial misslalLmLnl in Ihe financial slalLinLll)Is or a matLrial misslalLmcnl ofthL oihLr informatic)n. Ir. basLd on IhL' work we have rIOl, we conclude ihat the is a malenal misslalement ol this other intOTmation, we are required lo report that fact. We have nothing lo report in this rew
Age UK Gateshead Limited Company Limitcd bv Guarante¢ Independent Auditor's Report to the Mcmber5 of A8¢ UK Galeshead Limiled (¢aiiliniic•n) Ye% r ended 31 March 2024 Opinions on other matters prescribed by the con1pani Act 2006 In our opinion. based on the work undertaken in the course of the audil: the inlomjation given in the trnstees, report for the fmancial year for which the financial 51atemenls are preparLd is consislLml with ihe financial slalemenls- and the twst¢es' ieport has been prepatd in accoTdanee with applicable legal Tequ1MentS. Ilatter% on whieh we a re required to report by exception In IhL lighi ol. thL knowlLdgL dnd undLrslanding i)r IhL charily and ils Lnvironmenl obthined in the Lourse of the udil. WL havL not idLntiAiLd malLrial misslalLmL'nts in ihc InlL"S, rcport. W¥ havL nothing to report in rL'SP¢Xt ofthe following matlers in latIon lo which the Companies Acl 2(M)6 requires us lo rLp)rt lo you if, In Ixw opinion.. adequale accounling records have nol been kept, or rctUTns adequale forour audil have not been received rrom branLhL'% not vi%ilLxl by us: or the linanLial slalemenls are nol in agreement wilh the accounlin8 records and relurns: or LLrtain d15L105ufL'5 01. INstL'L. fL'munLialion SPL]Iled by law aTL' not madL'" ur we havv not rcllivL all IhL' inli)nnation and explanalions we Tequire for our audit. or Ihe truslees wLrL nol Lnliiled lo prcpare Ihe financial slatemenls in accordanL'e wilh Ihe Small Uompanicq regimc and lakL advanlJgc ofihc small ¢ompani¢s' ex¢mplions in Prepanng the dirLXtors' report and Irom thL rLLiuirL'niLnl l() prL'parL a 41rdlL'8iL fLV)rl. Re*ponylbllltlci of truite As explain more lully in the Irustees, resw)nsibilities slalcmenl. the ITUStees (who are also thL direLtors lor Ihe purpi)%L% c)I' Ll)mpuny luw) arL' rL%P()nsiblL' fi)r IhL pfLTarali()n ol" IhL financial slalLniLnl% and r()r bL'in8 %ali%l ILXI Ihat Ih¥y Siv¥ a Iru¥ and fair vicw, and for such inlLrnal control as the tru%t¥Ys dLlcrmiiie is to LnablL th prLparation of linanLial stalemenls thal are free Irom malerial misstatement. whLiher thie to Iraud or eOr. In prcparing Ihc financial stalemcnls. Ihc Itee5 arc rcwnsiblc for asscssing the charitys ability tn continue a8 a g()ing Li)nLLrn. disLlI)sin8. as appliLable. mallLrs rLlalL'd to 8c)ing LollLL'rn and using thL 80in8 Li)llLLm ba%is or aL¢()unling unIL$ the IruslL%s cithcr inlcnd lo liquidalc the charily or lo cease op¢ralions, ()r have no r¢alisti Iternative bul lo do so. Auditor's respnsibiliti for the audit of the financial $tatements Our obIL'tiVls arL' Ic) obiain reasonable assurance about whL>iher the financial statLYncnls as a whc)IL' arL' frLL' fri)m material misstatemenl. whether due lo frdud or error. and lo issue an audilorfs rew)rt that include8 our opinion. Reasonable assurdn¢e is a high level of assurdn¢e. but is nol a guardnlee that an audil ¢ondu¢ted in a¢¢ordance with ISAS (UK) will always dLtLLI a malLrial missla1cnI whLm it cxisls. MisslalLmLnls Lan arisL fr()m Iraud or Tor and are considcr¢d mJtcrial if, individually or in ihc aggiegat¢. thcy could Tcasonably exp¢1 lo intluence the economic deci5ioLs of user5 iaken on the bas15 of these Imancial 51atemenls. Irre8ularilies. including fraud. are inslances of non-compliance with and regulalions. We design procedure8 in line with our responsibililies. outlined atK)ve. lo dete¢l material misslalemenls in TpecI of irregularilies. inLludin8 Iraud. The extent to which our procedures are capable of deteclin8 Irre8ularities. including Ardud. is detailed below.
Age UK Gateshead Limited
Company Limitcd bv Guarante¢
Independenl Auditor's Rq)ort to the Members of Age UK Galeshead Limited (canliiiiie
Age UK Gateshead Limited Company Limited by Guarantee SialL'm¢nt of finan¢ial A¢liiili¥% (including income and expenditure account) 31 Mfwch 2024 2024 Restricled lun(L8 Total funds Unreslricled lun& Total fimds No In¢ome 4nd ¢ndoivments Donations and ILguLies chl&1bIL dLliviliL Oihcr IrJding aLlivili InvlMen¢ income OihLr inLome 99.686 49.1,010 l (X),791 3.021 1,622 99,686 971,¥()9 10(b,791 111.567 1,101,81.3 48,581 478.839 1,622 41,(M)O Totsl inLome 698.150 478.819 1.176.9X9 1,105,41)2 Exp¢nditure ExpLY)dilurL raising funds.. Cosl ol"rai%in8 fiLnd8 .xpendltU on charilable activities Totxi LxpLnditure io 65.-160 6.17.145 65.587 I.OIC).211 478.8.39 1.116,1114 702.705 478,8.39 1,1111.$44 1,081,798 N¢1 1¢Xnd11ur¢) l in¢om¢ and n¥1 In()VLlliLnl in liind% in IhL yLar {4,555; 221.6l)4 R¢ionciliation (if funds "l olal lunds brou8hi loThvard Totsl fund$ carried forward 889.962 889,962 1185,4117 66C),268 8115.4117 X().(X)2 "IhL' StatLmL'nt offtinancial aLtivilies includes ail gains and losses recognised in the year. All in¢c)me ond ex]Kndilur¢ d¢rive from Conlinuing adivilies. The notes oti page 14 - 23 forni pai't of these financial statements. 11
Age UK Gateshead Limited Company Limil¢d by Guarant¢e Balance Sheel 31 March 2024 2024 l.ixLd assets Tangibl¢ fixed assets 16 528,992 152.086 Currcni assets Debiors Lash at bank and in l)and 17 186,2.$4 761284 126.929 1.141.523 947.518 1268,452 Crcdilors.. u mounts fallin8 due within onc year NLt currL'nl assets 18 (591,12.1 (530.576) 737.876 Tolul assets less curreni liabililies 885.407 8yC) C)62 Nel assets 11&4.407 88¢) <)62 Fund$ ()l-Ihe Lharily I InrL%triLILd lunds RcslriLILd lundb, 885,407 889.9C)2 'I'otal charity tiinds 20.21 885,407 889.9C)2 finanLial slal¢m¢nls WLru approved by the Board ofTruslees and auihorised for issue on 2.1. July 2024, and are si8ned on behall. ol. the board by: M .1 wist Chai4)erson Company regi.slration niimber 01863488 The noles on page 14- 23 form part of these fmancial slalements. 12
Age UK Gateshead Limited Company Limited by Guaranlee Stsiemenl of Cash Flows Year eDded 31 Ma rch 2024 2024 202.1 Cash 11()w% fr(Im i)pL'rnting aclivilics Net {expenditure) l income (4,555) 22.1.694 AcljiL$lnn1sI0r. I)eprecialion char8es Los5 on assLt diswsal InlLrest rcLLii'Ld A¢¢Tucd ¢xpenses 40,912 1,741 (511) 8.441 (3,1)21) Change.¥ in. '[ rade and other debtors Trade and other creth'io (59J24) 6U,264 (1.570) 124.526 Nel cash Irom operatin8 activities 40,CJ02 3()1.2.10 La%h Ilows Iri)m invLslin8 aLtivilies iymLnl% l()r IhL' aLLiui%ilic)n c)fiangibl¢ fixed ass¢ts Ilri)cLLds' Irc)m IhL salL ol" lixed a&%els nlLrL%t rLx'LivLd (440.?9?) 1&430 3,1121 (140.418) 14.405 531 N¥1 ¢ayh uyed in invesling a¢tiviti¢s (420.841) (125.4Y2) Net {deLrease) / inLrease in cash and cash equivalents (3110239) 265.748 Cush and L'ash LquivalLnls al beg•inning of year .141,52.3 875.775 Ldsh and Lash LquivalLnts at Lnd of year 761,284 1.141.521 Th¢ notes on page 14 - 2.3 fomi part of these fmancial statements. 13
Age UK Gateshead Limited Company Limited by Guarantee Notes to the Finaneial Statements Year ended 31 March 2024 General infornthtion The charily 18 a private company limiled by 8uaranlee. regislered in tth.n8land and Wales and a regislered charity in F.ngland and Wales. The address of the re8lStered oifice is 215 High Streel. High Streel. (ialeshead. Statement of eomplianee The financial slalemenls have been prepared in accordance wilh Accounlin8 and Rq)orting by Charilies." stalemenl of Recommended Praclice applicable lo charilies preparin8 iheir accounls in accordance with Ihe rinanLial RLV()rting Silmdard dppIiLablL' in ih¥. IJK and RLpubli¢ c)r IrLl£uid (I.'RS 102), (LIritI %()Rl) (I,-R% l O?), thL I'-inunLial RLV)rtin8 Siandard appliLablL in thL' UK and RLyubliL of trLland {I--IiS 102) and the Companies Act 2006. AecountinR p(Jlicies "I"hL' prinLipal aLLounting policies are summaris¢d below. Th¢ accounling w)licies have been applied LonsislL'nily Ihroughoul ihL riod. Ba$1$ of preparation AgL IIK liiltLNhL(Id l.imited meds the (kfinilion of a public benelit enlily under l.-]LS 102. The financial 8latLmLmls havL IKx'n prLTarLxl on IhL hislorical Losl b&sis. 'tThe financial slalLThents are prLTJard in slLrlin8. which is IhL functional CUencY ol. the Cnlity. Monelary amounts in these linancial siatemenLs are r()unded Ici lh¥ IILiirL'.¥t £ I in% eoncern 'I'IIL .1 ru%lLL% LC)nsider the Charily lo be well placed lo manage ils financin8 and oiher operational risks %alislaLlI)rily. 'Ihc 'l'N%lLL'% als() have a rea%i)nablL LXPeLlalii)n Ihal IhL Lharily will havL adL£iualL fL'%()ufLL to continue in operation for (he loreseeable future and nxel ils liabililies as ihey fall due. 'llicy iherefore onsidir it appropriale lo adopt th¢ going Concern b&sis ofaccounling in prq)ann8 ihc finan¢ial slglcmcnts. Fund aeeountlng IlnrL%tri¢l¥d lund% are availablL fcir us¢ ai Ihc disLrL"li()n c)I' lh¥ Iru%15 in lurtliLTancc of Ihc ger1 i)bjLL'IivL'S C)I'the charity and which have not been desibT•naled for i)IhL'r purp05L. ReslriLILxl lunds are subject lo reslriLtions on ihLir cXPLdI1Ure imtK)%ed by ihe lunder. donor or throu8h lh¢ ILTirL% ol.an appeal. Ik'si8naled fund5 or¢ unr¢51ricl¢d funds ¢8miarked by the Iluslees for parti¢ular puqx)ses Ineome In¢om¢ is rOgnIsed wh¢n the Charity h&5 enliil¢m¢nl lo the funds, any rroMIanCC wndilions alla¢hd lo thL ilLm(s) of income have been mel. il is probable thai ihe income will be received and the amount can be mL&%urLxI rL'liably. Where income has relaled expenditure (as with fundraising or contract income). the income and related expenditure are reporled 8r05s in the Sialemenl of l*inaneial Aclivities. Donations. grdnls and gifts are reco8nised when receivable. In the eveni ihal a donalion is subject to fultillin8 perlornunLe conditions before the charity is enliiled io the lunds, the income is deterred and Dol recognised until il is probablL' Ihal Ihi)%L Londilii)ns will bL fulli11L in the reporting 10d. InLome fri)m Ciill Aid lax reclaims is reco8nised for any donalions with relevant Gift Aid certificales recognised in income for Ihe year. Any amounts of (iift Aid nol received by the year-end are accounied for in income and accrued income in dLbiors. In¢om¢ from NHS contracts. gOVnMen1 and other grants. whether '¢apiial' grdnts or 'r¢v¢nu¢' grants. are reco8nised when IhL charily has enliilLment lo the funds. any pcrforn]anc¢ conditions atlached lo IhL 8rants have been mel, it is probable thal the income will be re1ved and the amount can be measured reliably and Is not delerred. -14-
Age UK Gateshead Limited Company Limited by Guarantee Notes to the Finaneial Statements Year ended 31 March 2024 Actountin% polieies (confifluei.) Income (caniiniiedj l*or legacies, entitlement is taken on a case by case basis as ihe earlier ofihe dale on which: Ihe charily is aware that pr()balL has IK"cn granlcd. the eslale has been finalised and nolificalion h&$ been madL. by the cxLLul()rf%) lo lh¢ ¢hanty that a distribution wjll be made. or when a distTilwiion is received from Ihe estsl¢. Qlc)thing and othLY ItenL8 donated for rL'sale ihrou8h th¢ charity's shop are includL'd as incoming rL'sourc¢s within aclivilies lor 8eneralin8 tiinds when they are sold. Income rcccii'Ld in advancc for a future fundraising cvenl or for a 8rant received relalin8 to ihe followin8 year arL dLILrrLd until IhL LrilLria for incomL' reL'ognilii)n are met. In1¥T¥t ()n d¥tx)sil lund% hlld i¥ inLludLd wh¢m rnxcivabl¢ and the amounl Lan b¢ measurcd reliably by the charily whiLh is nomlally upon notifiLation of the intere51 paid or payable by the bank. Sponsorship from event%. lundraisin8 and entS re8isirnlion fees are reco8nised in ina)me when thL LvLnl takLS placL. l.oltLry inLomL 1% accountL for in rL%pccl ortho. draw8 Ihai have tsken place in the year. Tradin8 income is reco8nis¢d on rK)inl ol"sal¥ for kK)th donalcd and purchas.ed goods. Donated gi)od5 xnd sen4ces Ik)nalLd %¢rvicL% or faLililies are recogni8ed when ihe charity has conlrol over the 11¢ any condilii)n a%s1)Li(ItLd with IhL diinulLd ilLTh havL bUL MLI. IhL rLxL'ipI of LL'onomiL bLrit Iroin thL USL. of thu itLin is prcibabll and ihiil ccnni)miL IKmL.fil can b¢ mC&sUrL reliably. EipinditurL' E.'xi)Li)dilurL 1% rLcognised once there 18 a le8al or con8lTuclive obli8alion lo make a payinenl lo a third party, it is prc)bablL that tIlL'ment will be required and the amount of Ihe obli8alion can be measured rLliably. All expLnditurL' IS aLLountL lor on an accruals b&8is undLY the following hLadings. Costs ol. rdisin8 funds ¢omprises fundTaisin8 costs incurred in se¢kn'n8 donations, grants and legacies: costs of rundrai%ing a¥livili¢s inLludin8 Ihe cosls of goods sol& shop cosls, commercial Irading and IhLir associated suPrt cos18. Expendilure on chon'lable aclivitie5 include5 the costs of providin8 speciali51 palliative care and sUPPOrt. ci)mmunily serviLCS, resLarL'h and oihLT acliviliLS undL"rtaken lo furthLr thL pu4x)ses of Ihc charity and IhLir associated supporl cosls. SupFKIrt comprise those costs which are incurred dirllY in support of expenditure on Ihe objects of Ihc charily and include 8OVLYnance c05t, finance, and 0]ce cosls. Governance c051s are Ihose c051s incuffed in conncc'lion with the LX)mpliance with coL81itutional and stalulory requirements ofthe charity. Supwrt ¢05ts ar¢ allocaid lo of the activiti on one of the following b&ses." either f]OOT spa¢¢ or sla timL' or stall. headcounl dcpLnding on the nature of the 5upix)rl costs, to besl allocate the c05t5 to each altribul4iblL headin8. More delail on the analJ3is and b&sis of allocalion is given in nole 12 to Ihe financial slalL'm¥nls. Taxatlon The charity is exempl from cotpordtion lax on its charitable activiti. 15
Age UK Gateshead Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 A¢¢ounting polieies (canliiiiie ) Tangible assets Tangible tix¢d assets are stated at ¢ost less a¢¢umulat¢d depreciation. Depreciation is provided at rates calculated to wnte olTthe cost less Idual value of each asset over ils expected uselul life. as follows.. Molor vehicles Fixlures & Fittings Shop littSs 250/0 Reducing bala¢ RluL18 baIlL Ovei IhL penod of Ihe lease ThL board havL' agreL.d ihal no dLyrcLialion chargc shall be applied io the new IrL'L.hold propLrty in IliL year. on Ihe basis ot it being purcha8ed al auction for a reduced cosl. 4ignificanl improvements have been made lo the propLrty sincL' aLqui5ilion. ThL. board will rcvicw ils valualion and accounlins poliLy in livL' years, liine. CurrLnl as%LIs Amc)untS c)wing to the charity at I l March in respecl ofgrdnLs and seiCe level agreement income are shown as dLbiors ILSS provisions lor amounts thal may prove uncolleclible. Short lenn deposils represLnl cash liLld on deposit al the bank. Cash al bank and in hand represents bank balances al close ol'business on.31 March. Credi¢ors Credilc)rs are reL'l)gniSL where the charity has a prLsLml obligalic)n resuliing Irom a pa51 evcnl thal will pr(Jbably resiili in ihL tr<ln%lir ol" lunds to a third pany and th¢ amount due lo s¢ltl¥ the obligalion can be InLa%ur¢d i)r s1im#lLd rL'lidbly. Crcdil()r5 arL' nc)rnially rLLI)gnisLd al IhLir '111mnI amc)unl al'iLr allc)wing Ic)r any IrddL' dis¢Ol18 due. Voluntary A¥26istsnee 'I'im¥ 1% ¥xp¥md¥d ()n the charity's aclivilies and govemanc¢ which is donated free of¢harge. It is impraclical t() Clll<inlily Ihc valuc ol. IhL. limL' given. and accordingly il 15 neither recorded as donaled incuine nor Ms an exp¥n%i in th¢ linaniial slalL'mL'nls. Crltlcal xeeountin% e¥timates and judgements '.s1iindlLs and jiid8LmL'nls arL' LontinLliilly L'valualL.d and ale based on l)islc)riLal LxpLYiLneL' and oihLr faLlors, inLliidin8 L'XPLLtiltic)ns ol"lulurL' LwL'nL% thal arc believLYl lo be rLasoiMblc widLr ihL' LirLunislaiicL's. -IlIL. Lliaiily make% Ls1imalLs and assumptions ixinc¢rning Ihe fulure. The resuliing accounting estimates and assumplions will. by delinition. seldom equal the related actual results. There are no Lrililal judgements. significanl assumplions con¥eming Ihe fulure and key sources ofLslimalion ot'un¥Lrtainly al thL rcpc)rting dalL Ihal have a signiliLanl risk of causing a malerial adjustment to the carrying amounls ot assets and liabililies within the next financial year. 4. Limited by %uarantee A8L UK GatC5hcad Limited is a company limited by 8uarantee a] ac¢ordin8ly d(Ks nol have a share Pital. EIVLry mLmbLr ofihc Lumpany undLrtakLS lo conlribulc such amounl a5 may bc rL"quircd not LxLcLding £1 lo Ihe assets ot the charitable company in the event of its being wound up while he or she is a member, or within one ycar after he or she ceases lo be a memlxr. 16-
Age UK Gateshead Limited Company Limited by Guarantee Noles lo the Financial Statements Year ended 31 March 2024 Donations and legacies Unresiric*d Resiricled 2024 2023 Donaljons I.¢gacies (iiLI Aid Will wriling and Powers of Altorney Sponsorship h¢r 11,957 -34.062 -34.1kn2 66.-341 2".9.12 45 99686 111567 Other trading aclivilies lJnrcstriLted RL'strictLd 2024 2023 RLTrlail sales RL'ntal inLC)mL' P¢rsonal dssjslanl servi5 Shi)pping 5LIViLL An8LI Court Oth 59.19) 2,810 472 4.494 29.752 .19,991 2.810 472 4494 4,678 580 3164 100,791 100.791 414.581 Inveslment Income Unrcslricled Rcslriclcd 2024 2023 Bank interest -3.021 3,021 -1.021 3,021 5.31 Other income Unrestricted Reslriclcd 2024 InsuratKe Llaim Sun(by 41,(K)O 1,622 1.622 1.622 1,622 41.(M)O
Age UK Gateshead Limited Company Limited by Guarantee Noles lo the Financial Statements Year ended 31 March 2024 Charitable activilies income Unrestriettd Restricted 2024 Gninls Age UK Ag¢ UK Building Betl¢T Lives AgL' UK Joinl I'inancL AgL' IJK I,ir%l lJiililiL A8e IIK- MCST Age IJK- Walking Football ABL IJK - ConnLxid A8¢ Age IIK- TAMS Age UK- TIF Arm¥d l.i)rc¢s Covent Tn1 Flallinger 29,630 -S.$71 5,0(A) .1,000 5.571 5.000 15.5CI.I 15.0(X) 28,-100 9,996 C).111)O 23.603 10.095 211,010 10,O(K) 7.468 2,805 19.927 41.1152 ()?.-168 20.000 20,0 I,"und 1418 l.cillL'ry Cc)mmunily Foundation Ccimniunily RL'nLwul l.und I)LTat1mLnl ol'Workin81)LILsions l)iLk()n -I'ru%l & Aki.() N()ble Diwlal InLIu510n I,unding Diirhiim I,r¥x"ma)S GarliL'ld WL*lL I IL'rildg¢ lJ)ItLYy I l(Iw l.il Innovate UK KLIILI l.ankL'lly Cha8c Foundaiion Nl."A- Smart meters NLWLa&ilL Cily Council NLwLa%tlL l.oi)d Ilank Par8ltLr -1 rust l.und PoliLL' and LrinK' Commissioner5 OihLr RiddLlI family Twsl Sky CarL'S Sir Jamis Knolt Trust 48J69 19,110 19.110 4.752 5,0()O 25.(KK) 5.-182 79.(K)O 9.481 25.111)O -S,3112 7I).(MlO 9,4¥1 79,0(X) 10.11(x) 0.258 2.1,-188 20,795 54.190 24,922 24,922 2C).905 9.987 23,064 1,167 667 5(K) 2.772 io.(M) I O.IK)O iO.IM)O Service level agiYeniepi15 CliniLal Cnmmits%iowng Group Galeshead MIJC Covid-19 99,958 192,195 100.201 .35296 141187 Clienl conlribiilio Tran5POrt ALtivilics 29,251 10.769 3.5116 14,263 AclivA8e 493 0.30 478 839 971869 1101813
Age UK Gateshead Limited Company Limited by Guarantee Noles lo the Financial Statements Year ended 31 March 2024 10. Raising l.unds Unreslrici¢d RestTi¢tLIl 2024 2023 Salaries Retail operation costs OthLr 27292 .12.846 27.?9? 32,846 29,028 I l. Charitable Aetivltie5 Costs Socixl Wellbein Information Adiice 2024 2023 480,471 9.()46 9,201 118.548 C)5CJ I,11)7 148 5,167 566,781 ,281 6,458 48,141.1 10.184 10.1.288 12.IXC) 11.()87 25,108 RLxlundancies I IIJ02 IOJ98 27.142 6.566 1110.214 7.142 21,133 15,470 I'.%lubli5hmenl Losts ()IIILL Costs. Aclivily Losls VLlluL r1 I'ran%porf and molor Sial'f & volunleL'r exSeS l(K)2.34 7,142 15.115 155 9.127 40,029 4,72 6J27 13,719 9.054 -10.2111 IkTreciation l)rc)l¥&tsic)nal & l.Lgal fee5 l.c)s% c)n di%pusals (iov¢rnance - nol¢ 12 Supw)rl cosls- nole 12 40.029 4,728 1,741 12,022 175.321 130810 1116 184 1 OIC)211 12. Support costs The charity identifies the costs of its SUPFK)rt fimclions. Costs are idenlified specifically for the 80vernance function. Flaving identified 115 8overnance costs ihe remaining supwrt C051s logciher with Ihc. yovLYnanLL' Losls are apportionLxl bclwLcn IhL' SoLial WLllbein8 #nd Infonnalion & Adi'iLe. lThe lablL EK.low slls oui ihL basis ofapportioNnLl and thL analysis of support and 8OVLrndinLL Losls. -19-
Age UK Gateshead Limited Company Limited by Guarantee Noles lo the Financial Statements Year ended 31 March 2024 12. Suppon costs (conliniied) Basis Supw)rt Governance 2024 2023 Salaries PLmsion Eslablishmenl costs Altivity wsls Ol'liLL Lc)sts' Sial'l"and volunleer expetL5es Time 108.475 7.418 682 11.S,914 10,621 34.1144 46,768 l (K),724 Time Tiiiie Iiiiie Tinie Jinie .Siipporl 33,060 46.768 24,502 4.996 195 12.01() 2.?89 16,426 .1,4()4 4,489 8,5¥0 199 .$,194 195 12,039 7,()8() Prc)IL.%%lC)nal Jnd I'gal ALL()unlancy and auth'i DLprLYiation 5.4 Floor 5pnce 702 187343 13. Net {expenditure) l income Net (¢xpendilure) l inLom¢ is ststed after char8ing'. 2024 2023 Audil0rf5 r¢mun¢ralion ¢omprising'. Audil i)I' Ihc finanLial stalemenls ()IhL'I dLLC)unling SLIVIL¢'S DLyrLLiali()n owLyJ 4,.300 I,OIK) 40,912 14. Truitee remunerxtlon, benefit% #nd expeThK¥ 'I'here were no Iruslees, remuneration or oiher benefils for the year ended .1 l March 2024 f2023. Nil). Trustees, expens¢% paid for Ihe year end I l March 2024 w&s £199 (2023.. £3/2). IS. Staff Costs The lolal slaff ¢os15 and employee ben¢fJls for the reporting p¢riod are analy5¢d a5 follows: 2024 2023 (Fross Wages and %alarie8 LmplciyLrs Nulional Insurance Empl()yLr% PLn%ii)n 6C)1.1117 657.123 15.442 17,589 21,019 7.50.628 710.154 The averdge number of employees durin8 the year was 48 (2021: 48) wilh all employee lime involved in providin8 either dTrrect charilable Se1¢e5. 5uppori lo Ihe 8ovemance of ihe chanly or supw)rt 5erviccs lo Lharilable aclivilies. OnL L'mployee received employee benefits ofmore than £60.000 during the year (202.1.. Nil). ThL KLY ManagenI Personnel ofthe chan'ly comprises the Truslees, Ihe ChiefExeculivc oifiLLr and Ihree Senior Managers. The lolal employee benefits of the Key Managemeni Personnel of ihe Charity was £1 10, 131 (2021. £129,832j. -20-
Age UK Gateshead Limited Company Limited by Guarantee Noles to the Financial Statements Year ended 31 March 2024 16. Tangiblc fixcd assels Freehnld Properh, Fixtures & Equipmi'nt -motor Vi.hiLle 'I'otal ritting Cost Al l April 2023 Addilions Disp()1 103.146 141.507 18246 172.918 l ().O(M) (15 ()59) 294.-310 44U.2()2 (54 ?05) 277.785 (18,246) At .3 l March 2024 277.785 1.55.959 680.31)7 DLI)rLYialion Al l April 2023 Charge li)r y¢ar Eliminal¢d on disposals 18246 142324 4U()12 (11.7.31) 9.825 -11.087 (1.3.485) (18,246) At I l MurLh 2024 &5,230 151.40 Net Jlook Val At 31 Murch 2024 277.785 161.423 9.784 Ai 31 iylai ch 2(1713 27.741 124.345 152.086 All langble fixed assets he for the o(Ihe charity. 17. 1)¢btc) 2024 20'P.I TrudL dLbi()rs ()IhLr dLbiors PrLyaymLnls and accrucd income Amc)unls duL from rL'laled company (nole 21) 149.7C)1 101.2CTr3 4.1173 29,1193 IC),853 Includd rythin anM)unts due from relatLxl Con¥rty is an inpinmt chry of £23266 kn rolse the Ios*5 made in l.iving W¢ll N()rtli l.td lor IhL yL7r ¥nd .1 l March 2024. 18. CrLdilor5'. umc)unls falling duL wlthln c)ne year 2024 2023 Trade credilor Taxation and social seojrity OthLr crLdilor5 Accruals and dellrrcd income 29,0(Kl 9.034 .18,597 12,118 453.52$ .191,828 Included wiihkn. accnjals aThJ deferred incotne 15 anKMml of £4a.6.5V. (202.1. £3•7,499) relate.d Ic defetred gants whLrL lunding has iK'Ln rLc('ivL and nol all condilions have been mel. £191.715 (2021: £211 286) has bLen rLILYsed to the SOFA from ibe previous accounlinw perA(Ml. -21-
Age UK Gateshead Limited Company Limited by Guarantee Noles to the Financial Statements Year ended 31 March 2024 19. Pensions and other posl-reliremenl benefits rJLfinLd contribution plans The amount reco8nised In in¢om¢ or ¢xpendilur¢ as an ¢xp¢tLse in relation lo delind wntribulion plans was £21,019 (2023. £17,589) 20. Analysis of charitable fiuKIs Iwome Expcndiiure TransfLr bL'lwLYn Ai I l M(Irch 2024 l April 2023 lJiirLStrictL'd (i¢ncral Ik.%18ll<lted I'ranswrt Pr()pL%rty Ilc)liday IK)mes 584.962 698.150 (702.705) 2.35.0(X) 815,407 .iO.(M)O 275.IKK) -io.(x)o {275.IKK)) 40.IM)O 4U.(X)O 889.962 698.150 {702,705) 885,407 RL%IriLIL'd )¢iiil WLIIiK'in8 Inl()rn14ilion & Advice 427,71.1 56,126 {422,711) (5C).12C)) 478,819 (478,8.39) 889.962 1.176.985 (1.181.544) 885.407 P¢ioryear coniparalives. Al l April 2022 Income Expenditurc Tr#n%fer 1K'1,en funds At 11 March 2023 Unrestrieted CJLIILidl Ik'signuied I"ransrt PrortY 505.546 754,4 (510.766) {144.278) 584,962 160.722 {1.10.722) 275,0 275,000 666,268 754.4() 889,962 Restricted Swial wellbeing Inf()mMlion & Advice 486.812 64,21K) {486.812) (642IK)) 551.0.12 (551.0.32) 666.268 1.-105,492 {1,081,798) 889,962 -22-
Age UK Gateshead Limited Company Limited by Guarantee Noles to the Financial Statements Year ended 31 March 2024 20. Analysis of charitible funds (conliniieel) Designated are the amounis InleeS have ring-reed from the unreslricled tunds of the charity for rthLr invLslmenl in Ihe Lharilies operations and infrastructure. £275,(MM) was designated in th¢ PriOT year for th¢ purchas¢ of ihe new head office of Age UK (yatLshLad. "Ihis oL'curred in the Lurrenl fmancial year, and as such the lund has been released. See N()tL 16. The designaled nd for the charilies transp)rt fleel remains al £.10.(K)O retleclin8 the charities conunilment lo ihe continuinp• investment in the charilies transport facililies. Ai yLur Lnd. IhL Iruslees have de&i8naled £40.(MK) In)m unrestriLled reserves lo acquire holiday homL* for IhL charity. 21. Anxlysis of net aysets between funds Unrestricted Funds Restricted TotAI Fund$ unds 21124 Tolal Fiinds TangiblL fixLd a&8¢ls CurrL'nl assets LutTLnl liabililies 528.W2 947.518 (591,12.1) 885.407 211.992 1.5?.086 1.2()8.452 (51U,576) (591,123 Net assets 88().962 22. Lease LoMmilmLlS 'rotal lulure minimum lease payments under nOnncelIable operating leases: 2024 2023 Due nol later than one DUL lalLY than one year and not laler than five years 21.618 2,383 21,C)18 21. RLlutLd pat1iLs During the year. the company made Iransaclions tothlling Q2.359 (2023: £Nil) with Living. Well North l.imil¢d. In¢lud( within l)Lbiors fJllin8 du¢. wilhin onc year is a balanc¢ du¢ from l.iving W¢ll Nc)rtli l.td al yLar Lnd i)1. £29.093 (20?.I.. £Nil). l.Iving WLII North Ltd is a related party of iNslees Rebecca Haines and SUL JLnnin8s. who arL DirLxIopa OA. thL Lompany. The trnslees are nol aware ofany other related parties or transaclions lo rcp)rl (202.1.. None). -23-