DIREoRs, AND TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 201 FOR AGE UK TEESSIDE LIMITED (a company ]imited by guarantee) Registered Charity No. 702n4 Company Registration No. 2152353
AGE UK TEESSIDE LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Page Report of the Chair Report of the Trustee5 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 LIMITED REPORT OFTHE CHAIR FOR THE YEAR ENDED 31ST MARCH 2025 Fit for the Future This year has (again) been a tough year for a lot of people, a tough year for the public sector and a tough year for charities that rely on the generosity of people, fLmders, and the public sector for the delivery of services relevant to older people. Age UK Teesside has continued to adapt to face the challenges of increasing costs. the reduction in funds available from the public sector and increasing competition for funds from charitable trusts. This has involved a gradual but SIlficant, shift towards alternative fundraising strategies like our online shop and calendar of fundraising events. We aim to continue to reduce our reliance on 'traditional' sources of funds. We have continued to rnake good progress against the objectives stated in our strategic plan and that plan has been refTeshed to set out new objectives for the period to 2028. To hdp us to deliver those strategic objectives we have strengthened our Board with the appointsnent of new Tntstees with relevant and diverse sets of skills and experiences. Age UK Teesside is committed to work in partnership with other oIganisations where such a PartrShiP is of mutual benefit and delivers relevant services to support older people in our area. In order to do so we rely on our exceptional staff and volunteers. I would like to take this opportunity to thank every one of them on behalf of the Board of Trustees. David Eagle Chair of TThtee8
AGE TEESSIDE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 The TTUStee5 present their report with the financial statements of the charity for the year ended 31st March2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: statenlt of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard app]icabk in the UK and Republic of Ireland (FRS 102) {effective l January 2015). Reference and Adminxstrative Inforniation Status: The Charity was estabIished as a company limited by guarantee on 3rd August 1987 (no. 2152353) and is registered with the Charities Commission (no.702714). Registered Office: The Dorothy Rose Suites (29-32) The TAD Centre Ormesby Road Middlesbrough Y53 7SF The diTectors of the charitable company (the charity) are its trustees for the purpose of charity law and throughout this Teport are collectively referred to as the Trustees. Trustees Chair: Mr. P, Whelan (resigned 15 October 2024) Mr. D. Eagle (appointed 15 October 2024) Treasurer: MT. A. Jackson Trustees: Mr. D, Eagle Mrs. A. Short MTS. T Scott Mr. P. Whelan Mr. C. Greaves (appointed 15 April 2025) MT. M. Shaw (appointed 15 April 2025) Mr. T. HuT5t (appointed 15 April 2025) Mr. G. Singh (appointed 15 April 2025) Principal Staff: Ms. A. Sykes (Chief Executive) Auditors: JBC Accountants Limited Auditor 3B IA)ckheed Court Preston Farni Stockton-on-Tees 518 3SH Bankers: Unity Trust plc Nine Brindley Place Birmingham BI 2HB
AGE UKTEESSIDE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 Structure Governance and Mana ment Governing 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 ]iability of the members in the event of the company being wound up is limited to a sum not exceeding £1. Age UK Tee5side Limited is an independent incorporated charity and a'Brand PaTtnel with Age UK. Appoinlment of Trustees Trustees aTe appointed and elected at the AGM for a terni of three years. Casual vacancies may be filled by the Board until the next AGM and shalI be eligible for re-election. All members are circulated with invitations to nominate trustees prior to the AGM advising them of retiring trustees and Tequesting nominations for the AGM. When considering co-opting trustees, the Board has Tegard to the requirements for any specialist skills needed. Trustees Inducti(m and Training New trustees undergo an orientation day to brief them on their legal obligations under tharity and company Jaw, the content of the Memorandum and Articles of Association, the committee and decision-making process, the business plan and rent thancial peTf0rnjan of the charity. Trustees are encouraged to attend external training events where these facilitate the undertaking of their role. Management The Trustees are responsible for the overall management and control of the charity and receive reports from the Honorary Treasurer on finance and the Chief Execulive on management and general purposes at quarterly meetings. A Chief Executive is appointed by the Trustees to manage the day-to-day operations of the charity and the company. To fa¢i]itate effective operations, the Thief Executive has delegated authority, within terms of delegation approved by the Trustees, foT finance and employment matters. Other Staff assist the Chief Executive in achieving the charit)4s objectives and budget targets. We aTe grateful to our 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 risk management process established for the chaTity, the trustees aTe satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absoIute assurance that major risks have been adequately managed. Ob ectives and Activities 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 OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 Ob'eetives and Activitles cont Achievements and formance during the year is reported beIow and clearly demonstrates how our work benefits the public in line with our charitable obJ'e¢ts. We have increased the number of older people whose lives we have positively affected from 17,824 to 18,220; We helped older people to win over £1 million in benefits payments to which they were entided; Our 135-plus volunte¢rs h¢lped us to deliver over 794.3 bours of befriending to those older people affected most by isolation and loneliness. Donations and grants have increased income and the Online Retail Shop continues to grow. Our service delivery projects for 2024/25 include: Phoenix Project Middlesbrough - delivering social activitie5 for older people with enduring mental health conditions across Middlesbrough. Funding for thi5 service is from Middlesbrough Borough Council. Better Health Better Wealth Stockton-on-Tees - this service tackles loneliness, isolation and financial benefit support for people aged 65+ across the Borough of Stockton-on-Tees, offering social actlvities, a befriending service, social assessments and welfare benefits advice. Funding for this Servi is through Stockton-on-Tees Borough Council. Befriending Service Redcar & CIeveland - this SeTVi provides befriending to those most isolated and Ionely by volunteers and also encourage5 older people to socialise with walking groups and social activities across the Borough. For people aged 65+ and funded by Redcar & Cleveland Borough Counci]. Dementia Advisor Service Middlesbrough - providing vitaI information and advice for people who have dementia and their carers. The hub offers a welcome social space to relax and enjoy the company of others. Funded by Middlesbrough Council. Befriending Service Middlesbrough -addressing social isolation and loneliness for people aged 65+ across Middlesbrough through volunteers. Funded by Middlesbrough CounciI. Carer Connect Service Redcar & Cleveland - providing Tespite and support for Carers, encouraging s(Kial interaction outside the home where possible and assisting with shopping, appointments and advice. Funded by the National IA)ttery. Digital Explorers Redcar & Cleveland - providing one to one or 0UP support with the use of digital devices, enabling older people to connect with the outside WOTld, family and health seTvice5. This proiect is very kindly funded through a lesacy from a client who had prevxously benefitted from this servi. Re-conneet Middlesbrough - A therapist spends time with people with anxiety to enable them to have the confidence to socialise with otheTS and follow their dreams. Funded by Middlesbrough Council I&A Services - we offeT advice and information services across the borough for older people, which includes welfare benefits advice and help with form filling. Funding has been provided by the Henry Smith Foundation, Middlesbrough CAB, National Lottery and others as listed at note 16 of the accounts.
AGE UK TEESSIDE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 Financial Review A summary of the results is given on page 11 of the financial statements. The financial stateEThents are presented in the standard format TequiTed as set out in 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2019) and cover the activities of the company. The Ststement of FinanciaI Activities (SOFA) shows the gross income frorn all sources and the split of artivitie5 between Restricted and Unrestricted funds. The charity repoTted a total net income for the year ended 31st March 2025 of Q3,71I, with net expenditljre of £14,333 on Unrestricted Funds and net income of £38,044 on Re51TiCted Funds. At the year end, there aTe Restricted Funds of £84,712 available to carry forward to meet expenditure in 2025/26 and this has arisen because the fund period ends are not Co-terminus with the Charity's year end. Incorning Resources The charity's total income has fallen slightly from £697,116 to £6¥J,106. Unrestricted funds income was £199,788 compared with £177,979 in 2024. Restricted fwids income was £493318 compared with £519,137 in 2024. The main source of Restricted income is from Charitable Activities. This is divided into the Health and Wellbeing activity, where income fell in the year and income from Information and Advice Projects which has increased in 2024-25. For Unrestricted income, there were increases in the year for retail activities, donations from other stakeholders and investment income. A legacy of a6,000 was received in the year. On-Iine Retail activity increased. As grant funded Charitable Activities have reduced, the Charity is growing alternative sources of income to continue the provision of the services we deliver and to be financially viable and responsible. Agé UK Teesside ts partAcularly gratefuj to all of our funders (as mentioned above and at note 16 of the financial statements) thTough & chalIenging financial year and to each individual who has Ien kind enough to donate what they can afford. All of our grant funding has been expended in accordance with the ternis that the fids were granted and any carried forward funds are utilised over the designated funding periods. Resour¢es Expended and Services The charity's total expenditure fell from £689.136 in 2024 to £669,395 in 2025, consistent with the fall in income from Teduced Charitable Activitie5. The nlority of expenditure in 2024-25 continues to be on Charitable Activities, with projects promoting Health and Wellbeing and providing Information and Advi to older people. Expenditure on Charitable Activities totalled £601,116 with £455,275 on Restricted Activities and 145,842 on Unrestricted Activities. In addition, £59,440 wa5 spent on expanding online Tetail and £8,839 on fundraisin& both of which raised funds to support the Charity and its services.
AGE UK TEESSIDE LIMITED REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Reserves The Trnstees require the Charity reserves to cover at least six months of Unrestricted funds. The Ievels of reserves are monitored and reported quarterly, and this requireTnent was met throughout the fmancial year. At 31 March 2025, the ChaTity'S tolal funds had increased to £654,816 (2024: £631,105). Unrestricted general funds available for future periods were lower at £383,499 (2024: £AIO,545). Restricted income funds were higher at £84,T12 {2024: £45,560). Desited funds were higher at £186,605 {2024: £175,(0). £175,10 has been allocated to meet future costs to be incurred on the development of the dmrity and its services, in order to meet its strategic objectives. A legacy received during the year of £16,000 has been designated by the trustees to be used for a digital inclusion progranune in the Redcar and Cleveland area. £11,605 remained at 31 March 2025 and will be carried forward to meet costs in 2025-26. Investment Powers and Policy Under the Memorandum and Articles of Associatiory the charity has the power to invest monies in such investments, securitie5 or property of whatsoever nature as may be thought fiL provided that the Board shalI seek professional advice before exercising such powers. The Trustees, 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 3161 March 2025 was increased, with higher interest rates, to £19.037 (2024: £11,433). Chanses in Fixed Assets 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 detai]ed in OUT Strategic plan covering the period 2025 to 2028. They are to: CeIebrate later life, promoting the positive aspects of ageing and the contribution that people in later life make to Teesside. 2) Be relevant by continuing to provide appropriate services and partnerships to help people in later ]ife in Teesside to live independen¢ happy and healthy lives. 3) 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 onsibililies in Relation to Financial Statement8 Company taw requires the trustees to PTepaTe financial 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 OT loss for that period. In preparing those financial statements, the trustees are required to: Select suitabIe accounting policies and then apply them consistentlyi Make judgements and estimates that are reasonable and prudent. and Prepare the finanaal statements on the going concern basis unless it is inapproprlate to presume that the company will continue to operate. The trustees are responsible for keepins Proper accounting records which disclose with reasonable accuracy at any lime the financial position of the company and to enable them to ensure that the financial statements COAnply with the Companies Act 2(M)6. They are also Tesponsible for safeguarding the assets of the company and hence for taking reasonable Steps for the prevention and detection of fraud and other irreguIarities. Statement as to Disclosure of Inforniation to Auditors So far as the trustees aTe aware, there is no relevant audit llrformation (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 infoTmation. Public Benefit The Trustees confirm that they have complied with the duty set out in section 17(5) of the 2011 Charities Act to have due Tegard to guidance published by the Charities Commission in Tespect of public benefit. This report IS PTepaTed in accordance with the special provisiims of Part 15 of the Companies Act 2006 relating to small companie5. By order of the Executive Board Mr. D. Eagle (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 2025 which comprise the Statement of Financial ActivitAes, the Balance Sheet, Cash flow Statement and notes to the financial statements, including a summary of significant accountAng policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practsce), includin8 Financial Reporting Standard 102 'The Financial Reporling Standard applicable in the UK and Republic of Ireland,.. In our opinion the financial statements: 8ive a true and fair view of the state of the charitable company's affairs as at 31st March 2025 and of the AYS 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 Practice including Financial Reporting Standard 102 'The FinanciaI Reporting StandaTd applicable in the UK and Republic of Ireland,; and have been prepared in accordance with the requirernents of the Companies Art 2006. Basis for opinion We conducted our audit in accordan with International Standards on Audittng (UK) (ISA5 (UK)) and applicable law. OUT responsibilities under those standards are further described in the Auditors responsibiIities 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 our audit of the financial statements in the UK including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibi]itie5 in accordance with these requirements. We believe that the audit evidence we have obtained is suffÉcient and appropriate to provide a basis for our opinion. Conclusions relating to going concern tn auditing the financial statements, we have concluded that the trnstees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work that we have per£ornied, we have not identified any material untrrtainties relating to events or conditions thaL individually or collectivelyi may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the finanaal statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. OtheT inforntIon The trustees are responsible for the other infornti0n. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent AuditOTS thereon. Our opinion on the financial siatements does not cover the other information and we do not express any forni of assurance conclusion thereon. In connection with our audit of the finanaal statements, OUT responsibility is to read the other information and, in doing so, consider whether the other information is rnaterially inconsistent with the financial Staternents or our knowledge obtaiiied in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to deterniine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the Work we have perfornied, we conclude that there is a material misstatement of this other Informatio we are required to report that fact. We have nothing to report in this regard.
REPORT OFTHE INDEPENDENT AUDITORS 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 2Qll requires us to report to you if, in our opinion: the inforniation gAven in the Report of the Tntee5 is inconsistent in any material resp&t with the financial statements . or the charity has not kept adequate accounling records. or the financial statements are not in agreement with the accounting records and returns; or we have not Teceived all the inforniation and explanations we require for our audit. Responsibilities of trnstees As explained more fully in the Staternent of Trustees Responsibi]ities, the trustees (who are also the directors of the chaTitable company for the purposes of company law) are TesponsibIe for the preparation of the financial statenients and for being satisfied that they give a true and fair view, and for such internal control as the trustees deterniine is nece&sary to enabIe the preparation of financial statements that are free from material mi5Statement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitys ability to continue as a going Conce disclosing, as applicable, matters related to going concern and using the goins concern basis of accountins unless the trustees either intend to ]iquidate the charity or to cease operations, or have no realistic alternative but to do so. Our Tesponsibxlities for the audit of the financial statements We have been appointed as auditors under Section 145 of the Charities Act 2011 and report in accordan with the Art and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the fi'nancial ststements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that incIudes 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. Mtsstatements can arise from fraud or erTor and are considered material Af, 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-complian with laws and regulations. We design procedures in ]ine with our responsibilities, Outlined alK)ve, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecttng irregulaTities, including fraud is detailed below: Based on our understanding of the charity, we identified that the Principle risks of non-compliance with laws and regulations related to the requirements of the Charties Act and we considered the extent to which non-complian might have a material effect on the financial statements. We a]so considered those laws and regulations that have a direct impact on the financial stalements, such as the Companies Act 2006, FRS 102 and the Charities SORP (FRS 102) 'Accounting and Reporting By Charities,. We evaluated the risk of fraud through management bias and override of controls and determined that the risks related to the posting of inappropriate journal entries or nwiipulation of accounting Audit procedures performed included.. The engagement parther ensuring that the engagement team had the appropTiate competence, capabiIities and skills to identify or recolSe non-compliantr. Enquiring of management as to their knowledge of actual, suspected or alleged fraud, actual and potential litisation, claims and instances of non-compliance with laws and regulations,. Tesiing the existence of internal controls in place to mitigate risks of fraud; Testing the appropriateness of journal entries, identifying unusual transactions; Assessing whether the judgements made in making Silf]eaTht accounting estimates are indicative of potential bias.
.REPORT OF THE DEPENDENT AUDITORS TO THE TRUSTEES OF AGE UK TEESSIDE LIMITED Designing procedures which included but weTr not limited to agreeing financial statement disdosure to underlying supporting doaimentation There are inherent Iimitations in the audit procedures described above. We are less likely to become aware of instances of non-complian with laws and Tegulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from eOr, misrepresentations or through collusion. A further descriptÈon of our responsibiItties for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilitie5. This description fornis part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Section 144 of the Clwities Act 2011 and regulations made under Section 154 of that ACL Our audit work has I) 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 perniitted by law, we do not aecept or assume responsibility to anyone other than the charitable Company and the charitable company's trustees as a body, for our audit work, for this repor( or for the opinions we have formed. JBC Accountants Limited Statutory Auditor E]igible to act as an auditor in tern of Section 1212 of the Companies Act 2006 3B Lockheed Court PTeston Farni Stockton-on-Tees T518 35H io
AGE UK TEESSIDE LIMITED STATEMENT OF FANCIAL AcfiviTIES ONCORPORATING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 Restricted Unrestricted Funds Funds Total Total Fund8 Funds Notes Ineome and endowments fronL Donations and legacies Charitable activities Other tradin8 activities". - Fundraising - Sundry - Retail Investment income 65,190 65,190 493,318 53,784 519,137 493J18 18,256 16,249 81,056 19,037 18.256 16,249 81,056 19,037 18,284 24,323 70,155 IiA33 Total 493J18 199,788 693,106 697,116 ExpenditUTe on: Charitable activities 455,275 145,842 8,839 59,440 601,116 8A39 59A40 621,107 6524 61,505 Raising fund5 Raising funds - Retail Total 455,275 214,121 669395 689,136 Net Income/(Expenditure) (14,333) 23,711 7,980 Transfers between funds 1,108 (1,108) Net rnovement in funds 39,152 (15,441) 23,711 7,980 Reconciliation of funds Total funds brought forward 45,560 585,545 631,105 618,125 Total funds carried forward 84,712 570,104 654,816 631,105 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 15 to 27 form part of these financial statements.
ACE UK TEESSIDE LIMITED BALANCE SHEEr 31ST MARCH 2025 201 2024 Notes FIXED ASSErs Tangible assets 12 8,564 8,4¥3 CURRENT ASSETS Debtors Cash at bank ana in hand 13 72,803 606,402 679,205 116,763 522,465 639,228 CREDoRs Arnounts falling due within one year 14 32,953 16,616 NEf CLniRENf ASSETS 646,252 622,612 TOTAL ASSETS LESS CURR LIABILITIES 654.816 631,105 THE FUNDS OF THE CHARITY Restricted income funds Unrestricted funds General funds Designated fund - Digital Inclusion DeSiated fund 16 84,712 45,560 15 383,499 11,605 175,000 654,816 410%5 175.000 631,105 The charity is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025. The members have not deposited notice, pursuant to section 476 of the Companies Act 2006 requiring an audit of these financial statements. These financial statements have been audited undeT 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 Art 21K)6 relating to Su1 companies. i.+... 10. Is The financial statements were approved by the Board of Trustees on ....... .. . signed by: . and were Mr. D Eagle- Trustee Mr. A. Jackson - Trustee 12
AGE UK TEESSIDE LIMITED CASH FLOW STATEMENT 31ST MARCH 2025 2025 2024 Notes Cash flows from operating activites Cash generated from operations 67553 (33,914) Net cash provided by operating activites 67,553 33,914 Cash flows from investing activltes Purchase of tangible fixed assets Sale of tangible fixed a55ets Interest received (2,653) (8,999) 19,037 IIA33 Net cash provided by investing activities 16,384 2A34 Change in cash and cash equivalents in the reporling period Cash and cash eqValentS at the besinning of the reporting period 83,937 {31A80) 522.465 553,945 Cash and cash equivalents at the end of the reportlng period 606,402 522,465 13
AGE UK TEESSIDE LIMrrED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2025 I. RECONCILIATION OF NET INCOMV(EXPENDITURE) TO NEf CASH FLOWFROM OPERATING AcfIviTIES 2025 2024 Net ineome/{expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for. Depreciation and loss on disposal Interest received Deciease/{IncTease) in debtors Inerease/(Decrease) in Creditors 23,711 7,980 2,582 (19,037) 43,960 16B37 67,553 6,136 (11,433) {31977) (3,620 33,914) I ANALYSIS OF CHANGES IN NET FUNDS At Cashfiow At OVO4Q024 3VO¥2025 Net cash Cash at bank and in hand 522,465 83,937 606,402 14
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 AccouNfING POLICIES Basis of preparing the financial statements The financial staternents of the charitable company, which is a public benefit entity under FRS 102, have been prepared in Accordan with the Charities SORP (FRS 102) '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 1st January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial staiements have been prepaTed under the historical cost convention. Going Concern The trustees consider that there are no material untaInties about the charity's ability to contÉnue as a goin8 concern. Fund5 held will be used to support a shift in operations towards grant funded projects, with planning growth in unTe5tricted sponsorship income and alternative trading activities. Income and endowments All income is recognised 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 Liabilities are recognised as expenditure as 500n as there is a legal or constructive obligation committing the charity to that expenditure, it ts probable that a transfer of economic benefits will be required in settIement and the amount of the obligation can be measured reliabIy. Expenditure is accounted for on an accruals basis and has been classified as below. 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 indiTect nature necessary to support them. Indirect staff and overhead costs aTe allocated to activities on the basis of staff time spent on those activities. Fund-raising costs compr(se the costs actually incurred in delivering fund-raising events and running the chaTity's online shop. Infiuencing Policy & Practice costs relate to the running of the charity and are of a nature whereby they cannot be aIlocated to any one activity or fund. Governan costs, which have Iwn incurred in comiection with compliance with constitutionaI and statutory requirements, are included here. Taxation As a registered charity, the company benefits from rates Telief and is generally exempt from corporation t&x but not VAT. Irrecoverable VAT is included in the cost of those items to which it relates. Pensions The company contributes into an employee's personal pension plan. Contribution5 payable for the year are charged in the Statement of Financial Activities. 15
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES - continued Operating Leases Rental costs under operating leases are charged to the Statement of Financial Activities in equal amounts over the period of the lease. Tangible fixed assets Tangible fixed assets over £500 are capitalised and depreciated on a straight-line basis at the following Tates.. Computer equipment Fixture5 and fittings 20% Fund Accounting Unrestricted funds are donations and other income received or generated for the objects of the chaTity without further specified purpose and are available as general funds. The Designated fund includes funds which have been set aside by the trustees to enable the charity to sustain services in the future when funding may not be available or deficient and to meet any current contractual obligations that may arise. The Designated fund - Digital Explorer includes income reiVed from a legacy. This has been set aside by the trustees to meet the costs of a digital inclusion programme in the Redcar and Cleveland area. Restricted fund5 are those to be used for specific purposes as laid down by the donor. Critical accounting estimates and judgements Estimates and judgements are conlinually evaluated and are based on historical expeTience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definitio seldom equal the related actual results. There are no critical judgements, significant assumptions concerning the future and key sources .of unrtainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. NET INCOMEIEXPENDITURE Net incomelexpenditure shown on th¢ Statement of Financial adivities is stat¢d aft¢r charging: 2025 2024 Depreciation and loss on disposa] Auditors, remuneTation Other services 2,582 2,750 8,400 6,136 2,500 8,400 Directors, emoluments, etc. 16
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 3. DONATIONS AND LEGACIES Restricted Unrestricted 2025 2024 Donations 44,190 16,000 5,000 65,190 44,190 16,000 5,000 65,190 38,784 Legacy Grants for core funding 15,000 53,784 4. INCOME FROM CHARITABLE ACTIVTTES Restricted Unrestricted 2025 2024 Health & Wellbeing Advi & Information 382,475 110,843 493,318 382,475 IIOR43 493,318 454J87 64,250 519,137 A breakdown of income is included at note 16. 5. INVESTMENT INCOME 2025 2024 Deposit account interest 19,037 11,433 6. SUNDRY INCOME 2025 2024 Age UK Support Lasling Power of Attorney fees Miscellaneous 7,500 1,200 7,549 16,249 10,000 4,609 9,714 24223 17
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 7. CHARrrABLE AcfIviTIES COSTS Inlluencins Enabling Older Policy and Prartice People Total Health and Wellbeins Advice and Information Slaff costs Grants paid (note 8) Projert costs Advertising Property costs Travel and accommodation Offll costs Professional & consultancy fees MislIaneOUS costs 148,306 65,293 470.033 324 324 2.434 99 883 360 3,317 1959 29,717 13.IfJ7 38.303 18.100 2.784 23J63 6?55 lo96 2273 15J(M) 1,297 1,197 34J33 2JOO 1782 852 Depreciation Support costs re-allocated: - stsff costs - administrative expenses Q)vernance costs: - audit fees 1,730 1582 (66041) (31A87) 49,937 23.808 16,105 7,678 2,750 5,040 1,080 9,500 1,591 141,447 2,750 - accountancy fees - le8al fees - staff costs - administrative expenses 1,080 9,500 1591 601,116 368,100 91,570 2024 Staff costs Grants paid (note 8) Project costs Advertising Property costs Travel and accommodation offi costs Professional & consultancy fees Miscellaneous costs Depreciation Support costs re-allocated: - staff costs 108.035 298313 4k*39 1.955 492 62,773 2,500 17 469,121 7,139 1,972 5,622 21,686 832 341 15586 13,938 1.398 19A67 160 423 I29 936 37A95 16.293 39.048 19.467 3.751 36.714 3591 1.073 (ItM).716) {648) 8¥98 53,183 18.118 11,665 dministrative expenses Governance costs: - audit fees - accountancy fees legal fees - $taff costs - administrative expenses 2500 5.040 360 9500 1,893 25(Kl 9[M) Il93 31282 491,529 98,296 621,107 18
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMEwfs FOR IHE YEAR ENDED 31ST MARCH 2025 GRAKfs PAID No grants were paid to institutions during 2024/25 and 2023/24. Grants of £324 (2024: £7,139) were made to individuals during the year. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31st March 2025 nor foi the year ended 31st March 2024. Trnstees, expenses There were no iTUStees' expenses paid for the year ended 31st March 2025 noT for the year ended 31st March 2024. 10. STAFF COSTS 2025 2024 Wages and salaries Social security costs Pension costs 461,106 36,664 463.041 33,721 7,694 504,456 505,363 The aveTage monthly number of employees duTin8 the year was as follows: 2025 2024 21 No employee5 received emoluments in excess of £60,(KJO. 19
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 11. COMPARATIVE FOR STATEMEKf OF FINANCIAL ACnVITES 2024 2023 Restricted Unrestricted Total Total Funds Funds Funds Funds tneome and endowments fronL Donations and legacies Charitable activities Other trading activities.. - Fundraising - Sundry - Retail Investment income 53,784 53,784 519,137 20,391 783,587 519,137 18,284 24,323 70,155 11,433 18,284 24J23 70,155 11,433 21,696 21,100 65,851 4,698 TotaI 519,137 177,979 697,116 917,323 Expenditure on: Charitable activities Raising funds Raising funds- Retail 589,825 31,282 6.524 61,505 621,107 6.524 61505 777,680 9,252 46,796 Total 589,825 99?11 689,136 833,728 Net Income/{Expenditurel (70,688) 78,668 7,980 83,595 TTansfers between funds Net movement in funds (70,688) 78,668 7,980 83,595 Reconciliation of funds Total funds brought forward 116.248 506,877 613,125 539,530 Total funds carried forward 45,560 585,545 621,105 623,125 20
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 1£ FIXED ASSETS Fixtures & Fittings COST At l April 2024 Additions DisposaIs At 31 March 2025 79,117 2,653 81,770 DEPRECIATION At l April 2024 ChaTge for year Disposals At 31 March 2025 70,624 282 73,206 NET BOOK VALUE At 31 March 2025 8,564 At 31 MaTch 2024 8,493 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtOTS Prepayments 60,471 104,662 12,332 72,803 12,101 116,763 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Soaal 5ecuTity and other taxes Other creditors Accruals and deferred income 8,639 8,695 6,463 9,156 6,491 5,819 1,326 2,980 32,953 16,616 21
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 .5. UNRESTiucfED FUNDS Development Designated: General Fund Digial Inclusion Reserve Total 2025: Balance at l April 2024 Net income/(expenditure) Transfers between funds Balance at 31 March 2025 175,000 410,545 585,545 (25,938) (14333) 1,108 (1,108) 383,499 570,104 11,605 175,000 11,605 2024. Balance at l April 2023 Net expenditure Transfers between funds Balance at 31 March 2024 175,000 331,877 78,668 506,877 78,668 175,000 410,545 585,545 A legacy of £16,000 was received during the year. this has been set aside to use for a digital inclusion PTogramme in the Redcar and Cleveland area. 22
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 16. RESTRicfED FUNDS 2025: Balance at l April 2024 Balance at 31 March 2025 Income Expenditure Transfers Health and Wellbeing Phoenix Project Stockton-on-Tees BA. Better Health Better Wealth Redcar & Cleveland BC; Befriending Middlesbrough BC; Befriending Middlesbrough BC; Hoarding Age UK North Tyneside; Older Offenders Middlesbrough BC; Dementia Advisor Service Middlesbrough BC; Dementia HUB NationaI tttery,. Carers Connect Redcar & Cleveland BC,. Older Peoples Partnership County Durham Community fund,. Respite support Winter Wannth Campaign Transport fundin8- RedcaT & aeveland Middlesbrough BC. Recover funding Middlesbrough BC. Carer5 Complimentary therapy Sports England; Fithess & Friendship Mindfulness in the form of art (varÉous) Elsie Pilkington Charitable Trust. Stronger Together MFC Foundation; Stronger Together Coop Local community fund. Loftus gardening Sky Garden project Catalyst Stockton Travel fund Durham University Tees Valley Rural Action; Orniesby Good Neighbour Age Without Limits 27,500 69211 49,604 20,000 33,333 3,600 50,376 36,734 40,000 6,979 27,500 69,311 49,604 20,000 33,333 3,600 52,106 36,734 33,090 6,979 684 6,698 4,968 6,910 2,350 2,350 1,137 19,500 1,137 19500 18,600 4,823 8,687 3,770 18,600 4,823 8,498 3,063 189 707 2,378 2,378 297 1,707 1,856 1,410 2874 90 1,108 736 634 736 634 2J46 400 2246 400 500 500 51,646 31,767 382,475 363,705 1,108 Advice and Inforniation Henry Smith. Hartlepool Welfare Benefits Middlesbrough Welfare Benefit and Debt Advice Age UK. Warni Home5 Energy Checks National Lottery,. Redcar & Cleveland I & A Service Woodsmith; Redcar & Cleveland I&A Middlesbrough I&A Service (various) 8,049 32,200 17,500 12,360 19,999 12,284 16,500 110,843 32,200 17,500 12,360 5,090 18,028 6,392 91,570 8,049 14,909 5,744 10,108 33,066 13,7 Total 45,560 493,318 455,275 1,108 84,712 23
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 16. RESTRIcfED FUNDS 2024: Balance at l April 2023 Income Expenditure Transfers Ba]ance at 31 March 2024 Health and Wellbeing Phoenix Proiect Stockton-on-Tee5 BA,. Better Health Better Wealth Redcar & CleveIand BC,. Befriending Middlesbrough BC,. Befriending Middlesbrough BC. Hoarding Age UK North Tyneside; Older Offenders Safe Lives Ltd; Safe Steps Middlesbrough BC. Dementia Advisor SeTVi Middlesbrough BC,. Dementia HUB Middlesbrough BC. Covid 19 Sensory Support County Durham Community fund; Respite SUPPOTt Age UK Dementia MT Programme Redcar & Cleveland BC: Dementai Advisor Service Redcar & Cleveland BC,. Older Peoples PartneTship Redcar & Clevland BC. Digital Explorer Winter Warmth Campaign Transport fundin8 - Redcar & Cleveland Middlesbrough BC,. Recover funding Coop Local community fund,. Teconnecting Skelton Age UK Digital Champions Age UK Cost of Living Response Carers Connect Sky Garden project Catalyst Stockton Travel fund Durham University Elsie Pilkington Charitable Trust,. Stronger Together 27,500 69,312 44,600 20,000 40,000 1,579 27,500 69,312 44,600 20,000 40,000 1,579 2,000 50,376 21,107 2,377 2,639 6,183 52,917 11,964 30,083 3,947 955 20,715 1,873 36,352 40,000 1,263 366 2,000 50,376 12,727 6,698 6,698 8,380 2,377 3,322 3,029 2,915 683 3,154 50,002 11,964 30,083 475 3,472 2,092 20,715 1,873 8,234 10,000 1,137 19,500 19,500 34,816 30,000 2,000 1,000 2,346 3,453 68,409 454,887 {6,698} 737 634 2346 1,075 491,529 2J78 31,767 Advice and Inforniation Henry Smith; Hartlepool Welfare Benefits Middlesbrough Welfare Benefit and Debt Advice Age UK; Warm Homes Energy Checks National Lottery,, I & A Service Poverty Hurts- RedcaT I&A Woodsmith; Cost of Living Crisis Woodsmith; Redcar & Cleveland I&A 8,050 32,200 17,500 14,550 32,201 17,500 14,550 6,667 6,737 3,000 17,641 98,296 8.049 6,667 6,737 3,000 23,385 47,839 5,744 13,793 64,250 Total 116,248 519,137 589,825 45560 24
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 16. RESTRIcfED FUNDS - continued HeAIth & Wellbeing Phoenix Project activities and the Befriending service continue to be nded by Middlesbrough Borough Council. Stockton-on-Tees BC has continued to provide funding for the BetteT Health Better Wealth proiect. Funding for the Befriending service is provided by Redcar & Cleveland BC. A three-year Dementia Advisor SeTvice for Middlesbrough continues. funding has been provided by the Borough Council and spent during the year. Middlesbrough BC provided funding for a Therapeutic Hoarding service which ended in January 2025. Thi5 Service has supported 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 £19,500 has been used to continue the 'Recover' seTvice throughout 2024/25. A further £18,600 has been received and will be carried forward to meet costs for 2025/26. Funding has been received (and spent in the year) from the Ageing Well Parknership to fund Redcar and Cleveland's Older Peoples Parhiership. The National Lottery have provided funding so that the charity can continue its 'Carer Connecy service in Redcar and Cleveland. Any funds unspent at the end of the year will be carried forward and spent in 2025/26. Sports England have provided funding for a 'Fithess and Friendship, programme, which wi]I provide free fitness sessions. Funding has been received fvom Middlesbrough BC for complimentary therapy for carers. This will be carried forward and spent in 2025/26. Anything unspent at the year end will be carried forward to 2025126. Funding has been received from Tees Valley Communyty Foundation of £2,OOLI, WG Edwards Charitable Foundation of £770 and from Middlesbrough BC of £1,000 to Support 'Mindfulness in the form of Arg sessions in the Middlesbrough and Stockton-on-Tees areas. Anything unspent at the year end will be carried forward to 2025/26. MFC Foundation has provided funding of a707 for a 'Stronger Together, Programme where social/exercise sessions will be provided over six months. Anything unspent at the year end will be carried forward to 2025/26. 25
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 I& RESTRICTED FUNDS - continued Advice & Inforniation Age UK as part of Eon Warm Home Discount Scheme has provided funds, in respect of the Handyperson Home Energy Checks programme 2024-25 to de]iveT horne energy checks. Funding has been Provided to support the welfare benefit advice provision in Middlesbrough by: Citizens Advice Bureau. The Jack Brnnton Charitable Trust; The Noble Charitable Trust; The NorttnbY ChaTitable TTUS(" Lord Barnby Charitable TTUSL" and the Frances WiTtham Foundation. In Hartlepool, the Henry Smith ChaTitable Foundation via the CDCF has provided fundins for this service and in Redcar and CIeveland funding has been provided by the Woodsmith Foundation and the National Lottery Fund. 26
AGE UK TEESSIDE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS Restricted Unrestricted Total At 31 March 2025: Tangible fixed assets Current assets Creditors: due in le55 than one year 3,596 599,460 (32,953) 8,564 679205 (32,953) 79,744 84,712 570,104 6542116 At 31 Mareh 2024: Tangible fixed assets Current assets Creditors: due in less than one year 8,493 593,668 (16,616) 8A93 639228 (16,616) 45,560 45,560 585,545 631,105 18. ULTIMATE CONTROLLING PARTY The Charity is under the control of the Board of Trustees. 19. STATUTORY INFORMfioN Age UK (Teesside) Limited is a company limited by guarantee and has no share capital. The company is registered in England and Wales and its registered number and office address can found within the 'Reference and Administrative Details, of the Report of the TTUSteeg. 27