DIRECTORS, AND TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 FOR AGE UK TEESSIDE LIMrrED (a company limited by guarantee) Registered Charity No. 702714 Company Registration No. 2152353
AGE UK TEESSIDE LIMITED coTENTs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Page Report of the Chair Report of the TTUStees 2to7 Auditors Report 8tolO Statement of Financial Activities li Balance Sheet 12 Cash Flow Statement 13 Notes to the Cash Flow Statement 14 Notes to the Financial Statements 15to27
AGE TEESSIDE LIMrrED REPORT OF THE CHAIR FOR THE YEAR ENDED 31ST MARCH 2024 A year of 8uc£ess but also sadness 2023/24 was another successful year for Age UK Teesside, but also one which brought gTeat sadness with the death of OUT wonderful volunteer and patron Dorothy Rose. Teesside's longest serving charity volunteer, Dorothy, died at the age of 99. Dorothy Rose of Stockton, best known as Dotw,, started her charity work in 1945, when she volunteered wiith Stc(kton Old People's Welfare, founded by her father Frank. The organi5ation later became part of Age Concern, which in turn became Age UK Teesside. Subsequently she served as Chair of the Board of Trustees and President of Age UK for the North East region. Dorothy was a remarkable person, part of an arnazing family. She made an enormous contribution not only to Age UK but also to the many other charities she supported over a period of 79 years. She will be sadly missed. Despite this setback. Age UK Teesside has contAnued to make good progress on the objectives Set out in our strategic plan. We continued to increase the number of older people we suppor( up to a total of 17,824 Our projects achieved 100% approval of our success by our fimders We improved our financial position¢ partly by attracling over £520,000 of successful new funding bi(ts Our community and corporate fundraising achieved a record high income of over £70,000 Our net financial assets increased to over £631,000. This gives us the financial and operational strength to continue to provide high quality services to the older people of Hartlepool, Stockton, Middlesbrough and Redcar & Cleveland. Heartfelt thanks 80 to our dedicated and hard-working staff and volunteers for their valuable work. Peter Whelan Chair of Trustees
AGE TEESSIDE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 The Trustees present their ieport with the financial statements of the charity for the year ended 31st March 2024. 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 2015). Re£eren¢e and Admini$tratlve Inforniation ststus: The Charity was established as a company limited by guarantee on 3rd AugLLSt 1987 (no. 2152353) and is registered with the Charities Commission (no.702714). Registered Offitt: The Dorothy Rose Suites (29-32) The TAD Centre Orniesby Road MiddIesbrough The directors 0£ the charitable company (the charity) are its trustees for the purpose of charity Iaw and throughout this report are collectively referred to as the Trustees. Trustees Chair: Mr. P. Whelan Treasurer: Mr. A. Jackson Trustees: Mr. D. Eagle Mrs, A. Short Mrs. T ott Mrs. M. Macdonald (appointed 17 October 2023) Principal Staff: Ms. A. Sykes (Chief Executive) Auditors: JBC Accountants Limited Auditor 3B Lockheed Court Preston Farm Stockton-on-Tees 1518 3SH Unity Trust plc Nine Brindley Place Birmingham BI 2HB
AGE UK TEESSIDE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Structure Governance and Mana ement Governlng Document The organisation is a charitable company limited by guarantee, incorporated on 3rd August 1987. The affairs of the company are governed by its Memorandum and Articles of Association. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1. Age UK Teasside Limited is an independent incorporated charity and a 'Brand Parthef with Ase UK. Appointment of Trustees Trustees are appointed and elected at the AGM for a term of three years. Casual vacancies may be filled by the Board until the next AGM and shall be eligible for redection. All rnembers are tirculated with invitations to nominate trustees prior to the AGM advising them of retiring trustees and requesting nominations for the AGM. When considering c(Fopling trustees, the Board has regard to the requirements for any specialist ski]Is needed. Trustees Induction and Training New trustees under80 an orientation day to brief them on their legal obligations under charity and company law. the content of the Memorandum and Articles of Association, the committee and decision-making process, the business plan and recent financiaI performance of the charity. Trustees are encouraged to attend externaI training events where these facilitate the undertaking of their role. Management The Trustees are responsible for the overall management and controI of the charity and receive reports from the Honorary Treasurer on finance and the Chief Executive on management and general purposes at quarterIy meetings. A Chief Executive is appointed by the Trustees to manage the daY-tdaY operations of the charity and the company. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the Trustees, for finance and employment matters. Other staff assist the Chief Executive in achieving the charity's objectives and budget targets. We are grateful to OUT volunteers who assist in the provision of our services. Risk Management The trustees are responsible for the management of the risks faced by the charity. These major risks have been considered, identified, assessed and controls established. Through the Jisk management P10tr5s established for the charity, the trustees are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed. Ob'ectsves and A(tItIeS Age UK Teesside has been established to promote the health and well-being of older people in and around Teesside. The mission statement of the organisation is: -To improve the quality of life for people over 50 in Teesside and to ensure that they are empowered to achieve their maximum potential as individuals whilst maximising their quality of life.
AGE UK TEESSIDE LIMrrED REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Ob'ectives and Activities cont Achievements and rfonnance during the year is Teported below and clearly demonstrales how our work benefits the pub]ic in line with our charitable obiects. We have increased the number of older peopIe whose lives we have positively affected from 16,260 to We helped older people to win over £1 million in benefits payments to which they were entitled; Our 200-plus volunteers helped us to deliver over 2,000 hours of befriending to those older people affected most by isolalion and loneliness. Donations and grants have increased income and the Online Retail Shop continues to grow. FAnancial Review A sumjnary of the results 15 given on page 11 of the financial statements. The financial statements are presented in the standard format required as set out in 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accoTdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2015) and cover the activities of the company and its trading subsidiary. The Statement of FinanciaI Activities (SOFA) shows the gross incorne from all sources and the split of activities Itween Restricted and Unrestricted funds. The charity reported a total net income for the year ended 31st March 2024 of £7,980, with net income of £78,668 on Unrestricted Funds and net expenditure of £70,688 on Restricted Fund5. At the year end, there are RestrACted Funds of £45,560 available to carry forward to meet expenditure in 2024125 and this has arisen because the fund period ends aTe not Co-terrninus with the Charity's year end.
AGE UK TEESSIDE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Incomlng Resources The charity's total income fallen from £917J23 to £697,116. Unrestricted income was £177,979 compared with £133,736 in 2023. Restricted direct funds income was £519,137 compared with £783,587 in 2018. The rnain source of Restricted income is from Charitable Activities. This is divided into the Health and Wellbeing activity, where income fell in the year, (a large one-off project was awarded and completed in 2022-23) and income from Information and Advice Projects which has also fallen in 2023-24. For Unrestricted income, Retail activities increased and donations from other stakeholders a]so increased during 2023-24. Fund-raising income has fallen, however. As a progressive charity, we are continually looking for alternative income source5 to guarantee the longevity of the Services we deIiver and to be financially responsible. Age UK Teesside 15 particularly grateful to all of our funders through a challenging financial year (a full list of these can be found in our Annual Report) and to each individual who has been kind enough to donate what they can afford. All of our grant funding has been expended in accordance with the terms that the funds were gTanted and any carried forward funds are utilised over the designated funding periods. Resources Expended and Services The charity's total expenditure fell from £833,728 in 2023 to £689,136 in 2024, consistent with the fall in income from reduced Charitable Activities. The majority of expenditure in 202&24 is in respect of Charitable Activities which provide servi to enable older people through projects which promote Health and Wellbeing and give Information and Advice. Expenditure on Charitable Activities totalled £621,107 with £589,825 for Restrkcted Activities and £31,282 on Unrestricted Activities. In addition, £6105 was spent on runni an online shop and £6,524 on fundraisin& which both raised additional funds. Further inforniation is available in Ir Annual Report, including a detailed explanation of the services delivered in accordance with our charitable aims. Reserves The Trustees require the Charity reserves to cover at least six months of Unrestricted funds. The levels of reserves are monitored and reported quarterly, and this requirement was met throughout the financial year. At the end of the year Unrestricted general funds availabIe for future periods stood at £AIO,545 whilst Restricted income funds were £45,560. A further £175,000 is heId in a Designated fund and will be used to meet future costs incurred on the development of the charity to meet Éts strategic objectives.
AGE UK TEESSIDE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Inveslment Powers and Policy Under the Memorandum and Articles of Association, the charity has the power to invest monie5 in such investments, securitie5 or Property of whatsoever nature as may thought fit, provided that the Board shall seek professional advice before exercising such powers. The Trnstees. having regard to the liquidity requirements of the organisation, have operated a policy of keeping available funds in interest-bearing deposit accounts. Interest earned for the year ended 31st March 2024 was uncreased, with higher interest rates, to £IIA33 (2018: £4,698). Changes in Fixed Asset8 The movements in fixed assets during the year are set out in note 12 to the financial statements, Plans for Future Periods We have a clear set of objectives, which are detailed in our strategic plan covering the period 2022 to 2025. They are to: Celebrate later life, promoting the positive aspects of ageing and the contribution that people in later life make to Teesside. Be relevant, by continuing to provide appropriate services and partnerships to help people in later life in Teesside to live independent, happy and healthy lives. Diversify and increase unrestricted income (i.e. income which is not ring-fenced for specific projects) and contribution to core operating costs, 4) Continue to increase awareness about issues relating to ageing.
AGE UK TEESSIDE LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Trustees. Res onsibilities in Relation to Financial Statements Company Law requires the trustees to prepare finanaal statements for each financial year, which give a true and fair view of the state of the affairs of the company and of the profit or loss for that period. In preparing those financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently. Make Judgements and estimates that are reasonable and prudenL' and Prepare the financial statements on the going concern bas15 unless it is inappropriate to presume that the company wil] continue to operate. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements cojnply with the Companies Act 2006. They are ajso responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement as to Disclosure of Inforniation to Auditors So far as the trustees are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each trustee has taken all the steps that he or she ought to have taken as a trustee in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that inforniation. Public Benefit The Trustees confirm that they have complied with the duty set out in section 17(5) of the 2011 Clwities Act to have due regard to guidance published by the Charities Commission in respert of public benefit. This report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. By order of the Executive Board Mr. P. Whelan (Chair) Date..
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF AGE UK TEESSIDE LIMITED Opinion We have audited the financial statements of Age UK Teesside Limited (the 'charitable company,) for the year ended 31st March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, Cash flow statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporling framework that has ken applied in their preparation is applicable law and United Kingdom AccountAng Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting StandaTd 102 'The Financial Reporting Standard applicable in the UK and RepubIic of Ireland,.. In our opinion the financi statements: give a true and fair view of the state of the charitabIe company's affairs as at 31st March 2024 and of the igs incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi includin8 Financial Reporting Standard 102 'The Financial ReportAll8 Standard appjicable in the UK and Republic of Ireland,; and have been prepared in accordan with the requirements of the Companies Act 2006. Basis for opinxon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to OUT 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 obtsined is sufficient and appTopriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work that we have performed, we have not identifAed any maierial uncertainties relating to events or conditions that, individually or collectively, may cast signifi'cant doubt on the charitys 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 re5ponsibilitie5 and the responsibilities of the trustees with respect to 80ing conceTn are described in the relevant sections of this report. Other information The trustees are responsible for the other inforniation. The other infOrntiOn COrnPTises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements doe5 not cover the other information and we do not express any forni 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, consideT 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 identsfy such material inconsistencie5 or apparent material misstatements, we are required to determine whether this give5 rise to a material misstatement in the financial statements themselves. 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.
REPORT OF THE INDEPENDENT AUDrroRS TO THE TRUSTEES OF AGE UK TEESSIDE LIMITED Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion.. the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements . or the charity has not kept adequate accounting records. or the financial statements are not in agreement with the accounting records and returns. or we have not received all the information and explanations we require for our audit. Responsibllities of trustees As explained more fully in the Statement of Trustees Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the prepaTation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or eTror. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, discIosing. 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. Chu responsibiIities for the audit of the financial statements We have been appointed as auditors under Section 145 of the Charitie5 Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our obj'ectives 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 a Report of the Independent Auditors 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 infiuence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design PTocedures in line with our re5ponsibilitie5. Outlined above, to detect materia] misstatements in respect of irregularities, including fraud. The extent to which our procedures are capabIe of detecting irregularities, including fraud is detailed below.. Based on OUT understanding of the charity, we identified that the principle Tisks of non-complian with laws and regulations related to the requirements of the Charties Act and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements. such as the Companies Act 2006, FRS 102 and the Charities SORP (FRS 102) 'Accounting and Reporting By Charities,. We evaluated the risk of ftaud through management bias and override of controls and determined that the risks related to the posting of inappropriate journal entries or manipulation of accounting estimates. Audit procedures performed included: The engagement parther ensuring that the engagement team had the appropriate competen, apabilities and skil]s to identify QT Tecognise non-compIiance' EnquiTing of management as to their knowledge of actual, suspected or alleged fraud, actual and potential litigation, claims and instances of non-compliance with Iaws and regulations. Tesling the existence of internal controls in place to mitigate risk5 of fvaud,. Testlng the appropriateness of journal entries, identifying unusual transactions,. Assessing whether the judgements made in making SI]fICant accounting estimates aTe indicative of potential bias;
.REPORT OF THE JNDEPENDENf AUDITORS TO THE TRUSTEES OF AGE UK TEESSIDE LIMITED Designing procedures which included but were not limited to agreeing financial statement disclosure to underlying supporting documentation There are inherent limitations in the audit procedures described above. We are less likety to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstaiement due to fraud is higher than the risk of not detecting one resuIting from eTror. misrepresentations or through collusion. A further description of OUT responsAbiIities for the audit of the financial statements is Iocated on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's trnstees, as a body, in accordance with Section 144 of the Charities Act 2011 and regulations made under Section 154 of that Act. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not aCpt or assume responsibility to anyone other than the chaTitable company and the charitable company's trustees as a bodyi for our audit work, for this report, or for the opinions we have formed. JBC Accountants Limited Statutory AuditOT Eligible to act as an auditor in tern of Section 1212 of the Cojnpanies Act 2006 3B Locltheed Court Preston Farm Stockton-on-Tees TS18 3SH ZLP io
AGE UK TEESSIDE LIMITED STATEMENf OF FINANCIAL AcfiviTIES {INCORPORATING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2024 2024 Total Funds 2023 Total Funds Restrirted Unrestricted Funds Funds Notes Income and endowments from: Donations and legacidg Charitable activities Other trading activities: Fundraising Sundry - Retail 53,784 53,784 519,137 203 783J7 519,137 18,184 24J23 70,155 18,2&1 24223 70,155 21,696 21,100 65B51 Investment income 11,433 11,433 4,698 Total 519,137 177,979 697,116 917,323 Expenditure on: Charitable activities Raising fund5 Raising funds - Retail 589,825 31,282 6,524 61,505 621,107 6,524 61,505 777,680 9,252 46,796 Total 589,825 99,311 689,136 833,728 Net Income/lExpenditUTe) 170,688) 78,668 7,980 83,595 Transfers between funds Net movement in funds {70,688) 78,668 7,980 83,595 Reconeiliation of funds TotaI funds brought forward 116,248 506,877 623,125 539,530 Total funds carrAed forward 15&16 45,560 585,545 631,105 623,125 zzz-_ The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 15 to 27 forni part of these financial statements.
AGE UKTEESSIDE LIMrrED BALANCE SHEET 31ST MARCH 2024 2024 2023 Note5 FIXED ASSETS Tangible assets 12 8,493 5,630 CURRENT ASSETS Debtors Cash at bank and in hand 13 116,7(k3 522,465 83,786 553,945 639,228 637,731 CREDITORS Amounts falling due within one year 14 16,616 20,236 NET CURRENT ASSErs 622,612 617495 TOTAL ASSETS LESS CURRENT LIABILITIES 631,105 623,125 THE FUNDS OF THE CHARITY: Restricled income funds Unrestricted funds General funds Designated fund 16 15 45,560 116,248 410,545 I75,0 33]77 175,000 Total Charity funds 631,105 623,125 The charity 15 entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024. The memkrs have not deposited notice, pursuant to section 476 of the Companies Act 2006 Tequiring an audit of these financial statements. These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The financial statements were approved by the Board of Trustees on ........ signed by: MT. P Whelan - Trustee MT. L Jackson - rnstee 12
AGE UK TEESSIDE LIMITED CASH FLOW STATEMENT 31ST MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations (33,914) 71,517 Net cash provided by opeTating activities (33,914) n,517 Cash flows from investAng activities PuTchase of tangible fixed assets Sale of tangible fixed assets Interest received {8,999) 11,433 4,698 Net cash provided by/(used in) investing acttvities 4,698 Change in cash and cash equlvalents in the reporting period Cash and cash equivalents at the beginning of the reporting period (31,480) 76215 553,945 477,730 Cash and cash equivalents at the end of the reporting period 522,465 553,945 13
AGE UK TEESSIDE LIMITED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2024 RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATllYG ACTIVITIES 2024 2023 Net income/(expendxture) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation and loss on disposal Interest received Increase in debtOTS Decrease in creditors 7,980 83,595 6,136 (11,433) (32,9n 3.620) {33,914) 314 (4,698) (11,275) 3,581 71,517 ANALYSIS OF CHANGES IN NEf FUNDS At 1/4/2023 Cashfiow At 31/3/2024 Net cash Cash at bank and in hand 553,945 (31,480) 522,465 14
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES Basls of preparing the financial statements The financial statements of the charitable company, which is a public benefAt entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended l>ractice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicabIe in the UK and Republic of Ireland {FRS 102) {effective 1st January 2015),, Finanaal Reporting StandaTd 102 'The FinanciaI Reporting Standard applicable in the UK and Republic of IreIand' EFA, the and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Going Concern The trustees consider that there are no maierial uncertainties about the charitys ability to continue as a going concern. Funds held will k used to support a shift in opeTations towards grant funded projects, with planning growth in unrestricted sponsorship income and alternative trading activities. Tangible fixed assets Tangibk fixed assets over £5LK) are capitaIi5ed and depreciated on a straight-line basis at the followin8 rates- Computer equipment Fixture5 and fittings 20% Taxation As a Tegistered charity, the company benefits from rates relief and is generally exempt frorn corporation tax but not VAT. Irrecoverable VAT is included in the cost of those items to which it relates. Income and endowments All income is retognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. Expenditure Expenditure is recognised once there is a Iegal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligaiion can be rneasured reliably. Charitable expenditure is made up of those costs incurred in the delivery of its activities to 'Enable older people,. It includes both costs which can be directly allocated to activities and those of an indirect nature necessary to support them. Indirect staff and overhead costs are allocated to activities on the basis of staff time spent on those activities. Fund-raising and publicity costs comprise the costs actually incurred in advertising the charity. Infiuencin8 Policy & Practxce costs rekte to the running of the charity and are of a nature whereby they cannot be allocated to any one activity or fund. Governance costs, which have In incurred in connection with compliance constitutional and statutory requirements, are included here. 15
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES - continued Pension8 The company contributes into an employee's personal pension plan. Contributions payable for the year are charged in the Statement of Financial ACtities. Operating Leases Rental costs under operating leases are charged to the Statement of Financial Activities in equal amounts over the period of the lease. Fund Accounting Unrestricted funds are donations and other income reiVed or generated for the obJ"ecLs of the charity without furtheT specified PUTpose and are available as general funds. The DesIted 'Establishment Reorganisation, fund includes funds which have been set aside by the trustees to meet any current contractual obligations that may arise. Restricted funds are those to be used for specrfic purposes as laid down by the donor. NET INCOMEIEXPENDITURE Net incomelexpenditure shown on the Ststem¢nt of Financial activities is stated after charging", 2024 2023 DeprlatiOn and loss on disposal Auditors, remuneralion Other services 6,136 2,500 8,400 314 2.510 9.740 Directors. emoluments, et¢. 16
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 DONATIOIYS ATrID LECACIES 2024 2023 Donations Grants for core funding 38,784 15,IXIO 20,391 20J91 INCOME FROM CHARITABLE AcfIviTIES Restricted Unrestricted 2024 2023 Health & Wellbeing Advice & information 454,887 64,250 454,887 64,250 678,685 104,902 519,137 519,137 783587 A breakdown of income is included at note 16. INVESTMENT INCOME 2024 2023 Dep051t account interest 11,433 4,698 SUNDRY INCOME 2024 2023 Age UK Support Lasting Power of Attorney fees Miscellaneous 10,000 4.609 9,714 10,000 3.100 8.000 24,323 21,100 17
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31ST MARCH 2024 CHARrrABLE A1VITIEs COSTS 11uenCIng Pollcy and Practice Enabling Older People Tot Health and Wellbeing Advice and Inforniation 2024 Staff costs Grants paid (note 8) Project costs AdvertAsill8 Property costs Travel and accommodation Office costs Professlonal & consultancy fees Miscellaneous costs Dp.i)reciation and loss on disposal Support Costs Te-allocated: staff costs administrative expenses Governance costs audit fee5 accountancy fee5 legal fees staff costs administration expenses 108,035 298,313 4.639 1,955 492 15,386 13,938 1,398 19,467 160 62,773 2,500 17 341 423 1,523 936 469,121 7,139 1.972 6A55 37,495 16,293 39,018 19,467 3,751 1.073 5,622 21,686 36.n4 3,591 1,073 (100,716) (64.848) 82,598 53,183 18,118 11,665 2,500 5,040 360 9500 I93 2,500 5,040 360 9,500 1,892 31,282 491,529 98,296 621,107 2023 Staff costs Grants paid to institutions (note 8) Project costs Advertising Property costs Travel and accommodation Office costs Professional & consultancy fees Miscellaneous costs Depreciation and loss on disposal Support Costs re-allocated.. staff costs administrative expenses GoveTnance costs audit fees accountancy fee5 legal fees - staff costs - administration expense5 112,511 311,257 125,677 12,600 IA33 15,277 13545 2,272 35,971 549 52,534 476202 125,677 12,600 5,966 38318 15,928 31,277 38,317 3224 314 22,733 1501 27,989 308 882 1,016 2,346 2,675 314 (112511) (59,866) 99,390 52,885 13,121 6,981 2,510 13.398 2,020 9,500 2329 2,510 13,398 9,500 29,168 6n256 77,256 777,680 18
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMEwfs FOR THE YEAR ENDED 31ST MARCH 2024 GRANTS PAID No grants weTe paid to institutions during 2023/24 (2023.. a24.0(K)). Grants of £7,139 (2023: £1,677) were made to individuals during the year. TRUSTEES. REMUNERATION AND BENEFTrs There were no trustees, remuneration or other efits for the year ended 31st March 2024 nor for the year ended 31st Marth 2023. Trn8tees' expen8es There were no trustees, expenses paid for the yeai ended 31st March 2024 noT for the year ended 31st March 2023. 10. STAFF COSTS 2024 2023 Wages and salaries Social Security costs Pension costs 463,041 33,721 7,694 464,7 33A38 504,456 506,173 The average monthIy number of employees duTing the year was as follows: 2024 2023 26 No employees received emoluments in excess of £60,0(KI. 19
AGE UK TEESSIDE LIMrrED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 11. COMPA114TIVE FOR STATEMENT OF FINANCIAL ACTivrrIES 2023 Tota] Funds 2022 Total Funds Restricted Unrestricted Funds Funds Income and endowments from: Donations and legacie5 Charitable activities Other trading activities.. Fundraising Sundry - Online Shop 20,391 20,391 783,587 14J07 456,274 783,587 21,696 21,100 65,851 21,696 21,100 65,851 7828 17,217 S307 Invesknent income 4,698 4.698 259 Total 783,587 133,736 917,323 549,392 Expenditure on: Chariiable activities Raising funds Raising funds - Online Shop 74812 29,168 9,252 46,796 777,680 9,252 46,796 540,346 40,428 Total 748512 85,216 833,728 584,871 Net Ineome/(Expenditure) 35,075 48,520 83,595 <35,479) Transfer5 between funds Net movement in funds 35,075 48,520 83,595 (35,479) Recon¢iliation of funds Total funds brought forward 81,173 458,357 539,530 575,009 Total funds eattied forward 116,248 506,877 623,125 539,530 20
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Iz FIXED ASSErs Fixtures & Fittings COST At 1st April 2023 Additions Disposals 75,181 (5,063) At 31st March 2024 79,117 DEPRECIATION At 1st April 2023 Charge for year Disposals 69,551 1,073 At 31st March 2024 70,624 NET BOOK VALUE At 31st March 2024 8,493 At 31st MaTeh 2023 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors PPayMents 104,662 74,703 12,101 9,083 116,763 83,786 21
AGE UKTEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes Other creditors Accrua]s and defeTred income 6,491 5R19 1326 12,677 1,219 3,357 16,616 20,1 15. UNRESTRicfED FUNDS Development Fund General Reserve Total 2024: Balance at 1st April 2023 Net expenditure Transfers between funds 175,000 331,877 78,668 506,877 78,668 Balance at 31st March 2024 175,000 410,545 585,545 2023: Balance at 1st April 2022 Net expenditure Transfers between funds 175.000 283,357 48,520 458,357 48,520 Balance at 31st March 2023 175,000 331,877 506,877 22
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 16. RESTRICTED FUNDS 202&. Balan at 1st April 2023 Balance at 31st March 2024 Income Expeftdire Transfers Health and Wellbeing - PhniX Project - Stockton on Tees BC; Better Health Better Wealth - Redcar & Cleveland BC - Befriending NetWOTk - Middlesbrough BC - Befriending Network - Middlesbrough BC; Hoarding - Age UK North Tyneside. Older Offenders - Safe Live5 Ltd - Safe Steps - Middlesbrough BC Dementia Advisor Service - Middlesbrough BC Dementia HUB - MiddlesbTough BC Covid 19 Sensory Support - County Durham Community fund - Respite support - Age UK Dementia MT Programme - Redcar & Cleveland BC - Dementia Advisor Servi - Redcar & Cleveland BC - Older Peoples Partnership - Redcar & Cleveland BC - Digital Explorer - Winter WaTmth Campaign - Transport funding - Redcar & Cleveland - Middlesbrough BC - Recover funding - Coop Local community fund - reconnecting Skelton - Age UK DI] Champions - Age UK Cost of Living Response Carers Connect - Sky Garden Project - Catalyst Stock Travel fund - Durham University - Elsie Pilkington aritable Trust- Stronger Together 27,500 69,312 44,600 20,000 40,000 1,579 27,5(K) 69,312 44,600 20,000 40,000 1,579 2,000 50,376 2J,107 2,377 2,639 6,183 52,917 11,964 30,083 3,947 955 20,715 1,873 36,352 40,0 1,263 366 2y6 1,075 2,000 50,376 12,727 6,698 6,698 8280 2277 3322 3,029 2,915 3,154 50,002 11,964 30,083 475 3,472 2,092 20,n5 IB73 1,137 19,500 19,5 34816 30,(MX) 2,000 1,000 2,346 3.453 (6,698) 10,000 737 634 2,378 68.409 454A87 491,529 31,767 Adwce and Inforniation - Henry Smith. HartIepool Welfare Benefits - Middlesbrough Welfare Benefit and Debt Advice - Age UK; First Utility Warm Home5 Energy Checks - National Lottery - I&A Service - Poverty Hurts - Woodsmith. Cost of Iiving Crisis - Woodsrnith. Redcar & Cleveland I&A 8,050 32,200 17,500 14550 32,201 17,500 14,550 6,667 6,737 3,000 17,641 8,049 6,667 6,737 3,000 23285 5,744 47,839 64,250 98,296 13,793 Total 116,248 519,137 589025 45,560 23
AGE UK TEESSIDE LIMTTED NOTES TO THE FINANCIAL STATEMENfs FOR THE YEAR ENDED 31ST MARCH 2024 16. RESTRICTED FUNDS 2023: Balance at Isl Aprxl 2022 Balance a 31$t March Income Expenditure Transfers Health and Wellbelng - Phoenix Project - Stockton on Tees BC; Better Health Better Wealth - Redcar & Cleveland BC- The Linking Lives Service - Middlesbrough BC - Befriending Network - Middlesbrough BC. Hoarding - Age UK North Tyneside; Older Offenders - Veterans Should Not be Forgotten -Edward Gosling fund - Safe Steps -safe Lives Ltd- Safe Steps -R&C BC/Sport England Over 50,5 Fithess -Middlesbrou8h BC Better Care fund - Reconnect -middlesbrough BC Dementia Advisor Service -middlesbrough BC Dementia HUB -middlesbrough Resilience fund -middlesbrough BC Covid 19 nsOry Support -county Durham Community fund - Respite support -Age UK Dementia Mcgr Programme -Tees Valley Community Foundation Physical activity -NHS Dementia Peer programme -Redcar & Cleveland BC - Dementia Advisor Service -Redcar & Cleveland BC - Older Peoples Partnership -winter Warmth Campaign -NHS Integrated Urgent Care Work -Transport funding- Redcar & Cleveland -middlesbrough BC- Recover funding -coop Local Community fund - reconnecting Skelton -Age UK Digital Champions -Age UK Cost of Living Response Carers Connect 25,093 63220 iio,100 20,000 4000 21A17 398 25,093 63,320 iio,io 20,OiK) 44,544 21,417 2,389 6,250 500 731 J6,477 50,970 26,579 1,991 2,500 731 16.477 6LX) 2,000 50,370 34,959 4,229 8280 4,229 5,000 5,000 1,824 I,O(K) 2,623 1,678 9.431 2377 3322 3,029 10,636 162,786 47,465 5,981 5,343 2,000 4,500 20.715 I73 37500 10,000 162,786 44,550 5,981 12,705 2,0(K) 2,408 2,915 IOA34 3,472 2,092 20,715 1,873 29.266 iO,OLK) 50,146 678,685 671,256 68,4(Yg Advice and Inforniatxon - Henry Smith. Hartlepool Welfare benefits - Middlesbrough We]fare Benefit and Debt Advice - Age UK,. First Utility Warm Homes Energy Checks -Redcar & Cleveland BC - Covid 19 Small Grants Fund -Redcar & Cleveland BC I&A (Postcode Trust) -middlesbrough BC Deprivation Vaccine Programme -National Lottery - I&A Servi -Poverty Hurts -Woodsmith; Cost of Living Crisis -Woodsmith; Redcar & Cleveland I&A 5,556 32200 17,500 9,700 29,706 17,500 9,700 8,050 10,834 7,537 5,000 2,100 (10,834) 7,537 5,000 5,433 1,765 I,(K)O 615 10,000 8,502 3,(X)Q 24,000 6,667 6,737 31,027 104,902 77,256 (10,834) 47A39 Total 81,173 783,587 748512 116,248 24
ACE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 I& RESTRicfED FUNDS- continued Health & Wellbeing Phoenix Project activitie5 and the Befriending service continue to be funded by Middlesbrough Borough Council. Stotkton-on-Tees BC has conlinued to provide funding for the Better Health Better Wealth project. Funding foT the Befviending service is provided by Redcar & Cleveland BC. Redcar & Cleveland BC has also provided funding for the charity to continue their dementia advisory senyice and the digital explorer proiect in the borough. Funding from Middlesbrough BC for a resilience fund, foT Covid 19 Sensory support and a Deprivation Vaccine programme has been brought forward and uti]ised in the year on those projects. A three-year Dementia Advisor ServAce for Middlesbrough continues; funding has been provided by the Borough Council and spent during the yeaT. Middlesbrough BC are providing funding for a Therapeutic Hoarding service which began in January 2021 and is currently ongoing. This service will support people with complex and compulsive hoarding disorders. Funding has been spent in full during the year. Funding brought forward from Middlesbrough Bc's Better Care of £20,715 has been used to continue the 'Recoverf service throughout 2023/24. A rther £19,500 has been Teceived and will be carried forwaTd to meet costs for 2024/25. Funding has been reiVed {and spent in the year) from the Ageing Well Parthership to fund Redcar and Cleveland's Older Peoples PaTtheTship. A Winter Warmth campaign was launched by Age UK Teesside in Autumn 2022 to acquire funding to able to provide winter warmth packs to individuals in need. Funds brought forward have been spent in the year. Age UK provided funding for a Digital Champions Programme to provide digital skills support to older people in order to develop their digital skills and confidence. Thi5 project ended in November 2023. Funds brought forward have been spent in the year. Age UK have also provided funding so that the charity can continue its 'Carer Connecv Service in Redcar and Cleveland. Funds received have been spent in the year. 25
AGE UK TEESSIDE LIMrrED NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31ST MARCH 2024 16. RESTRICTED FUNDS - continued Advice & Infonnation Age UK as part of Eon Warm Home Discount Scheme has provided fLmds, in respect of the Handyperson Home Energy Checks programme 2024 to deliver home energy checks. Funding has been provided to SUPPOTt the we]fare benefit advice provision,. in Middlesbrough by the CAB, Middlesbrough BC and the County Durham Community Foundation (Poverty Hurts); in Hartlepool, by the Henry Smith Charitable Foundation via the CDCF and in Redcar and Cleveland by National Lottery. Funding has also been provided by the Woodsmith Foundation to support the provision of I&A in Redcar and Cleveland over two years. Funds at 31 March 2024 will be carried forward to meet costs in 2024/25. 26
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 17. ANALYSIS OF NET ASSETS BEIWEEN FUNDS Restricted Unrestricted Total At 31st March 2024: Tangible fixed assets Current assets Creditors: due in less than one year 8,493 593fi68 (16,616) 8A93 639,228 (16fi16) 45.560 45,560 585,545 631,105 At 31st March 2023: Tangible fixed assets Current assets CreditOTS: due in less than one yeaT 5,630 637,731 {20,236) 116,248 521,483 (20.236) 116,248 506A77 623,125 18. ULTIMATE CONTROLLING PARTY The Charity is under the Control of the Board of Trustees. 19. STATufoRY INFORMTION Age UK (Teesside) Limited is a company limited by guarantee and has no share capitsI. The company is registered in EngIand and Wales and its registered number and office address can be found within the'Reference and Administrative Details, of the Report of the Trustees. 27