Charity number: 900542 Company number: 02452302 Age Concern in Cornwall and the Isles of Scilly Trading as Age UK Cornwall & the Isles of Scilly (A COMPANY LIMITED BY GUARANTEE) Trustees, Annual Report and Financial Statements For The Year Ended 31 March 2025 "Our aim is to enrich the quality of life for older people in Cornwall and the Isles of Scilly" Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Contents Members Trustees, annual report 2-14 Independent auditors, report 15-18 Consolidated statement of financial activities 19 Company statement of f inancial activities 20 Consolidated and company balance sheets 21 Group statement of cash flows 22 Notes to the group statement of cash flows 23 Notes to the financial statements 24~42 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Members Membership Includes: Mrs H Cridland Mrs CA Gilmore Mrs AA Burley Mr MP Jefferson Mrs P Causey Mrs K Carey Mrs K Gannon (resigned 17 April 2025) Mrs MM Ford (resigned 19 December 2024) Mr C Garrick (resigned 19 December 2024) Mrs S Hancock (resigned 19 December 2024) Age Concern in Cornwall and the151es of ScSlly {Lirnited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Trustees, annual report For the year ended 31 March 2025 The trustees present their annual report for the year ended 31 March 2025, together with the audited financial statements for the year which are prepared to meet the requirements for a directorfs report and financial statements for Companies Act purposes. The financial statements comply with the Charlties Act 2011, Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting for Charities- Statement of Recommended Prattice applicable to charities preparing their flnancial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 20191. Purpose and activitie5 l. Our charitable purposes We are the voice of age in Cornwall and the Isles of Scilly. We were established in 1972 as Age Concern Cornwall and in October 2011, we became Age UK Cornwall and the Isles of Scllly, 3 brand partner of Age UK formed bythe merger of Age Concern England and Help the Aged. We are the leading independent charity in Cornwall and the151e5 of Scilly working to improve the wellbeing of people in later life. Our organisation and its subsidiary company, Transport Access People ITAPI, has operated on flve basic purposes., To provide navigation, support, products and services that promote independence, control and choice. To provide support to communitie5, (geographic and those of shared interest /identityl, and volunteers so that they might offer support to individuals and families; To improve public awareness by providing opportunities for people as they age, and in later lifp., to have thelr voices heard and by transmitting the needs and views of older people. To support our staff teams to explore and promote new and creative ways of meeting established and newly identif led needs affecting people, as they age, and in later life, their families, carers and communities; and To work in partnershlp with others to promote wellbeing, individual and community resilience and sustainable support and services. Our v15ion, rnission, and principles Our vision is about the art of what is possible; we want to make a reality of the future we all want and play an active role in n urturing com munities where people have opportunities to flou rish in later life. Our mission is simple: "to improve the wellbeing of people in later life" and "to inspire people and communities to age and live well" We will realise this through vital navigation, support and community engagement. Our principles underpin what we do and form the backbone of our priorities and our plans. Age Concern in Cornw311 and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Trustees, annual report For the year ended 31 March 2025 Purpose and activities (continued) Our principles.. We are inclusive- we treat people as we would like to be treated ourselves and we will work with people of all ages, abilities, characteristics and lifestyles to enable and support well-being. We are respectful- we are all human beings deserving of respect from one another. We are positive- we focus on the positive aspects of later life and show whays good about age. We can't always do everything we could do when we were younger, but there are things that we can do now that we couldn't before,. things that we know now that we didn't know before and sometimes time to do things that we couldn't before. We are truthful ond realistic- we are honest, even if things are sometimes difficult to say. We talk openly and di rectly, truthfully, and naturally- we will put the needs of people In later life, and what mattere to people we support, above the organi5ational self-interest. We wi51 be honest about what works and what doesn't. We offersolutlons ond beneflts- people use and buy things that will benefit them. We provide services for people who are vulnerable, sometimes frail, isolated and lonely and we are proud of what we do. We will only provide product5 and service5 that improve quality of life. Our values We are a value based organisation and our values guide us with our approach and our aims. They also guide our service delivery, our training and our work with our partners. Coring - we aim to be approachable, accessible, re5PDnsible and empathetic. caring about what people in later life thlnk, what people need and what matters to them, and the needs and ambitions of our staff and volunteers, Effectivenes5- we aim to have the best standards we can in all our services, focussing clearly on our Code of Conduct. continual improvement and being open to feedback and challenge. Influencing we aim to create opportunities to enable the voice of people to be heard on matters that concern them and to use their voices to change attitudes and perception5 of ageing. Enabling- we aim to maximise individual independence by offerlng people as little or as much help as they need to help themselves and by brokering 501utions with and on behalf of people. Innovution- we aim to find new and diverse ways of doing things that meet the needs of people in later life 3nd take managed risks in exploring new ways forward. Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee} Trading as Age UK Cornwall & the Isles of Scilly Trustees, annual report For the year ended 31 March 2025 Purpose and activities (continued) 2. Our progress A review of our Services is available in the annual Review on our website www.ageukcornwall.org.uk, The extracts below represent a snapshot of activity, a review of key prlorities and our vision for the forthcoming year. From April 2024 to March 2025, we provided information, services, transport, and assistance to people through over 150,000 individual activities. Our activty across services included: 64,232 calls were answered by Gateway and ourTAP teams; 98/0 of the action5 recorded on Charitylog were considered successful. £1,024,459.80 in annualised entitlements, were realised for people we have supported 3,885 weekly sUPPOrt sessions provided by hospital and home 846 people supported to return home from hospital 453 people prevented from admisslon to hospital 3,161 individuals were transported and supported to their hospital appointments, throughout Cornwall totalling 76,327 journeys 76,327 journey5 were provided for non-emergency healthcarejourneys, and 13,052 dial ride journeys provided 61.235 contacts were made via Community Gatewav 998 people were supported through Personal health Budgets and Household Support Grant Age Concern in Cornwall and the Isles of Scilly {Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Tru5tees' annual report For the year ended 31 March 202S Purpose and activities (continued) Over the last 12 months, we have continued our focus on creating stability and supporting people through turbulent times. Thi5 include5- Reviowing and reshaplng parts of our organisational structure to l. incorporate new servicos and contracts. 2. Review and reshape some existing services to respond to changing needs, Reviewing the financial sustainability of all our seNices and identifying long-term financial plans, Gateway and our communlty wellbeing offers, with a guided conversation to support the individual to engage with the right support continue to be central to our organisation's charitable activities. Expanding our Gateway offer to Include new services such as Workwell and supporting the development of neighbourhood health and social care programmes / services. Working with partners to continually develop our ability to support and navigate to the most relevant organisatlon, agency or group using the knowledge and contacts we have gathered. Establishing a network of volunteers and working with community hubs, group5, and partners to grow this resource to enable the individual, who needs a little more help, to access support and to become socially active, through peer support and confidence building. Focusingon conversations about'what mattersto me", connectlng our services with others to shape around individual needs and wants. Reviewing, transforming, and strengthening our approach to business critical Infrastructure requirements, including legislative compliance and quality standards. Age Concern in Cornwall and the Isles of Scilly {Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Trustees, annual report For the year ended 31 March 2025 Purpose and activities (continued) 3. Our prlorities Our focus this year is to continue to evofve an organisational structure that is sustai nable, financially balanced and creates a foundation that is fit for the future. We have five simple priorities- To work with partners IVCSE and statutory) to expand our Gateway and advice services into a space for people to tell their story, to navigate to the right place at the right time and create connection between statutory seniices and all the community can offer. To create sustainable and resilient care, transport connectivity and support services including working with local groups, organisations and partners to nurture 3 menu of support and an effectlve network of volunteers. To work in partnership to create a range of holistic activities, products and services to meet people's and communities, needs. To engage and support our staff and volunteer teams to take control of their activitles, develop their Skills, and prioritise their own well-being. To embed the integration of robust evidence gathering to consistent5y and accurately demonstrate the positive difference and impact we make. With our Executive Board, we have set measurement5 to assess success, includin8: Consistently developing and reviewing our Gateway offer to ensure that at least 95/0 of contacts are supported to navigate and engage with the support that matters to them - this is measured by the satisfaction of callers. Improving processes in volunteer recruitment to strengthen the number of volunteers supported into activities within 56 days of logging their interest with us. Ensuring that all staff and volunteer teams have consistent induction and support: undergoing regular surveys, focus groups and dlscussions to embed a culture of well-being, positive challenge, continual improvement and self-responsibillty. Providing teams with ready access to training and development resources to support personal and professional development as well as ensuring we meet the necessary compliance requirements of contracts and / or legislation. Working in partnership with like-minded organisations to continue the development of a Jrimp5e point of contact to community activity and support. Meet the quality standards for information and advice as identified by Age UK national. To meet the accreditation standards required to underpin our services and contr3Cts held. Continue to develop an Innovation Investment plan with Trustees and ourteams focusing on the development of new ideas, new ways of delivering existing services and, sustainable charging for services. Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scillv Trustees, annual report For the year ended 31 March 2025 Purpose and actlvities (continuedl 4. Our assets Our ability to provide, thrive and survive is dependent on the quality of our staff team, our volunteers and on ourfunding. Our employees We are blessed with a quality of employees that any organisation would be proud of. Recent years have offered challenge and our focus has been on striving to create a workforce that is resilient, supportive, responsible, and engaged. Our Healthy Workplace Team pursues new ways to support our teams through inclusive practice, together with team meetings, newsletters, blogs and forums. We constantly encourage opportunities to engage and respond to requests, ideas, compliments, and complaints, ensuring that each is used as a mechanism for review and improvement. Our volunteers Our work would not be possible without the commitment and contribution made by our bankof dynamic and professional volunteers who freely give their time for the benefit of seniors in the county and beyond. We have volunteers from a wide range of backgrounds making a tremendous difference to the quality of life of people and their families. Volunteer5 are the glue that holds rural comm unities such as ours together and we are privileged that so many decide to work with us to achieve our goals, The charity is not just grateful but dependent on the unstinting efforts of its volunteers, including our Trustees, who are involved In all asperts of the provision of our services. The legacy from the pandemic and seemingly never-ending era of austerity continues to endure in the way volunteers want, and are able, to engage with us. It continues to impact on the availability of vo5unteers and the roles that they can fulfll. However, their willingness to get involved in activities that support those impacted by the contemporary challenges continues to be fantastic. Our funders We are indebted to all those who provide legacies, donate funds and provlde resources in kind to our charity and we use this resource wlsely and sensitively. Wlthout such generosity, we would not be able to provide the range of support and services to our Seniors in Cornwall and the Isle5 of SciS1y. S. Our Subsidiary Companies TAP-Transport Access People During thi5 year hospltal transport services were retendered and due to the complexity ofthe proposed contract we made the decision not to bid. From December 2024 TAP began to transition away from the contract providing support until the end of February 2025 to help the transition to the new provider. The board of directors considered the viability of this company moving forward and agreed that TAP would cease to trade from l February 2025. Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Trustees, annual report For the year ended 31 March 2025 Purpose and activities (continued) The future of services is never clear with a constant rolling programme of contracting however we are confident that with appropriate adjustments to the operational model TAP can transition to a Community Transport Service and continue to offer a unique and creative solution to transport in Cornwall and beyond. Age Concern Cornwall Trading Age Concern Cornwall Trading ceased trading at the end of March 2018. Employee and service user involvement Employees and service users have been consulted on issues of concern to them by means of regular meetings, new51etters, and forum. Our steering groups, team meetings, newsletters and forurns are opportunities to engage and respond to requests, ideas and complaints ensuring that each 15 used as a mechanism for review and improvement. All staff have given outstanding and supportive service during 202412025. For those no longer on the "payroll" we wlsh them well. For those still with us. "keep up the good worv,. Fundraislng Age U K Cornwall and The Isles of 5cilly carries out fundraising across all areas of the charity and employ5 a part time Charity Fundraiser who takes responsibility for our relationship with external bodies and businesse5, who promote the organisation and where corporate fundraising takes place. Small amounts are r35sed by our Day Centres / Hubs through fetes, raffle type activities, and sponsored events. The Charity is registered with the Fundraising Regulator and has complied with the scheme at all times. The Charity has not received any complaints regarding any aspect of its fundraising activities dnd is mindful of the need to protect vulnerable people, many of whom attend our day centres and related events. As a charlty committed to 5UPPOrting people in later life, we seek to ensure that all staff and volunteers Involved In the charity adhere to our Code of Conduct, which not only respect5 the right5 and freedoms of our teams but also the people supported through 311 of our activities. Financial review and result5 for the year The group statement of financial activities for the year is set out on page 21 of the financial statements. A summary of the financial results and the work of the charity are set out below. Income generation The group'5 income available for the charitable application decreased from £4,728,651 to £4,686,548. Income from charttable activities increasing from £4,530,933 to £4,584,916. Donations and legacies decreased from £125,992 to £19,144. This level of income is a great achievement and the charity thanks all the staff and volunteers fortheir hard work. Investment income Investment Income has increased from £71.726 to £82,488 this year (2024: increased from £26,078 to £71,726). Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Trustees, annual report For the year ended 31 March 2025 Expenditure and services Transport Access People at a cost of £639,028 (2024: £919,898) and Active Living at a cost of £940,794 (2024: £863,537) continue to be a slgniflcant part of the group's activities, as is Gateway Support Programme £632,713 12024: £632,785), Home & Hospital at a cost of £523,197 {2024'. £764,456) Social Prescribing {Cornwalll at a cost of £457,98012024.. £415,342) and Inclusion Matters £154,84612024.. £139,354). Reserves policv Sufficient funds are required to be held in the reserves of Age UK Cornwall & The Isles of Scilly to provide; Working capital equivalent to between three- and six-month'5 expenditure Protection against the unpredicted loss of funding and A hedge against liabllitles The Trustees have established a policy whereby the charitlls unrestricted funds not committed or invested in tangible flxed assets ('the free resep4e5'1 held by the charity should be between 3 and 6 month5 of the resources expended. which equates to El,200,000 in general funds. At this level the Trustees feel that they would be able to continue the current activities of the charity, In the event of a significant drop in funding, it would obviously be necessary to consider how the funding would be replaced or activities changed. At the end of March 2025, the free reserves, which amount to £1,171,592 held in the general fund, are slightly below this this range. Sufficient reserves should be retained under each of the restricted funds to meet the charity's obllgations under that fund, The level of reserve5 is monitored and reviewed by the Trustees quarterly and forms part of the responsibilities of the Finance Sub Committee. Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Trustees. annual report For the year ended 31 March 2025 Fund accounting policy Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure, which meets these criteria. is identified to the fund, together with a fair allocation of overheads and support costs. Unrestricted funds are donations and other incoming resources receivable or generated for the general work of the Charity. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. Investment pollcy and objectlves In view of the l imited financial reserves available to finance the operations of the ch3 rity, the Trustees have decided that it would not be appropriate to invest surplus fund5 long term. Instead the funds are invested in a COIF Charitie5 Deposit Fund in order to be readily available to meet any short-term cash requirements. Reference and administrative details Reglstered name Age Concern in Cornwall and the Isles of Scilly Operating name Age UK Cornwall & the Isles of Scllly Company registration number 02452302 Charlty registration number 900542 Trustees The following trustees constitute directors of the company for the purpose of the Companies Act ?.006. Mrs K Gannon. Mrs H Crldland Mrs CA Gilmore Mrs AA Burley, Mr MP Jefferson Mrs P Causey Mrs K Carev. Mrs MM Ford Mr C Garrick Mrs S Hancock (rreasurer- Resigned 17 April 2025) (Appointed 19 December 20241 (Appointed 19 December 20241 {Trea5urer from 19 December 2024) (Chair from 19 December 20241 {Chair- resigned 19 December 2024) (Vice Chair - Resigned 19 December 20241 {Resigned 19 December 2024) No trustees have any beneficial interest in the charitable company. All trustees are members of the charitable company and guarantee to contribute £1 in the event of a winding up. Trustees are elected by the members. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 11 to the financial Statements. Memberof the finance subcommittee. 10 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Trustees, annual report For the year ended 31 March 2025 Key Management Personnel Chief Executive Director of Finance Director of Transport Director of Transformation Mrs T Roose Mr5 Perry Miss A Lewis Mr K Yates Principal address of the charity Boscawen House Chapel Hill Truro Cornwall TRI 38N www.ageukcornwall.org.uk Registered office Boscawen House Chapel Hill Truro Cornwall TRI 3BN Bankers Lloyds Bank PIC 7 Boscawen Street Truro Cornwall TRI 2QT Solicitors (general matters) Coodes Elizabeth House Castle Street Truro Cornwall TRI 3AP Solicitors lemploymentl Nash & Co Beaumont House Beaumont Park Plymouth Devon PL4 9BD Auditors BK Plus Audit Limited 3 Chapel Street Redruth Cornwall TR15 28Y 11 Age Concern in Cornwall and the Isles of Scilly {Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Trustees, annual report For the year ended 31 March 2025 Stiucturei governance and management Governing document Age Concern in Cornwall and the Isles of Scilly is a charity established as a company limited by guarantee and was set ijp in 1989. It is governed by the Memorandum and Articles of Association dated 13 December 1989 as amended on 19 August 1998, 10 September 2003 and 9 December 2012, It Is registered as a charity with the Charity Commission. In the event of winding up the members agree to contribute an amount not exceeding £1 to the assets of the charity. Recrultment and induction of trustees A panel comprising of exlsting trustees selects members of the Trustees Board. Applications for Trusteeship are sought by contacting local Age Concern groups and member Drganisations in Cr)rnwall and requesting nominations for vacancies. Trustees serve for a three-year period and at the end of thai period they mav be re-elected for a further three year period. New trustees are inducted into the workings of the. charitv. Or£anisation Age Concern in Cornwall and the Isles of Scilly is an independent charity although it Is In contact wlth other similar charities and in pa rticular shares information with the network of charities under the Age UK umbrella, The trustees are responsible for the overall management and conduct of the charity and meet regularly throughout the year. They receive reports from a sub-committee on specific matters. The day to day management of Age Concern in Cornwall and the Isles of Scilly is delegated to the Chief Executive. Each of the activities undertaken is controlled by a manager who reports to the Chief Executive. 12 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Trustees, annual report For the year ended 31 March 2025 Risk management strategy Unanticipated risks and unintended events can present risks to the charity and others. Age Concern in Cornwall and the Isles of Scilly has a better chance of averting the risks If everyone concerned rnakes informed choices and decisions based on the best possible information and an analysis of the options available. We cannot avert all risks, but we can take precautions to lessen the impact with good planning and well considered and timely responses. The process for developing a risk management strategy involves people at all levels ofthe organisation and includes: The risk assessment phase including gathering information, reviewi ng potential risks and an analysis of our organi5ational strengths and weaknesses. The risk analysis stage focusing on categorising and prioritising the risks identified. The risk management phase Including the development of a plan to deal with risks, agreeing and communicating the plan and reviewing the organisational policies and practices. The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when revlewing its aims and objectives and in planning future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives set. Related partles The charity has two wholly owned subsidiaries as follows: Transport Access People Limited- operates a transport service Age Concern Cornwall Trading Limited- dormant The performance of these subs5diaries is disclosed in note 13 of the financlal statements. Pay policy for senior staff The directors consider the board of directors, who are the charivs trustees, and the senior management team comprise the key management personnel of the charity to be in charge of directing and controlling, running and operating the charity on a day-to-day basis. All directors give of their time freely and no director received any remuneration in the year. Details of directors, expenses and related party tra nsactions are disc105ed in note 11 to the financial statements. The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the charity, the directors benchmark against pay levels in other similar Drganisations. Auditors A re501ution proposing BK Plus Audit Limited be reappointed as auditors of the group and the company will be put to the Annual General Meeting. 13 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Trustees, annual report For the year ended 31 March 2025 Statement of trustees, responsibilitie5 The trustees {who are also directors of Age Concern in Cornwall and the Isles of Scilly, for the purp05e5 of company lawl are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and Untted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under company law the tru5tee5 must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and charitable company and of the incoming resources and application of resources, including income and expenditure of the group and charitable company for that period. In preparing those financial statements. the trustees are required to: selettc sultable accounting policies and then apply them consistently. obseNe the methods and prlnciples of the Charlties SORP 2019 (FRS 1021; make judgement5 and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards has been followed; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and charitable company will continue in operation. The trustee5 are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure tliat the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement of disclosure to auditor In so far as the trustees are aware, there is no relevant audit infomation of which the group and charitable company's auditors are unaware. Additionally, the trustees have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the group and charitable companWs auditors are aware of that information. This report has been prepared in accord3nce with the special provision of Part IS of the Companies Act 2006 relatlng to small companies. In approving the Trustees, Annual Report, we also approve the Strategic report included therein, in our capacity as compan¥ directors. By order of the trustees K Carey Trustee Date". 14 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Independent auditors, report to the members of Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) We have audited the financial statements of Age Concern in Cornwall and the Isles of Scilly (the 'parent charitable company'l and its subsidiaries (the'group'l forthe year ended 31 March 202S which comprise the consolidated statement of financial activities, consolidated and company balance sheet, consolidated statement of cash flows and notes to the financial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}. Opinion In our opinion the financial statements: give a true and fair view of the state of the group's and parent charitable company's affairs a5 at 31 March 2025, and of the group's incoming resources and application of resource5, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charitles Act 2011. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) IISAS {UKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements Section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our aud it of the fi nancial statements in the UK, including the FRC'S Ethical Sta ndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the a udit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, i ndivid ually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant Sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the trustees, annual report, other than thefinancial statements and our auditor's report thereon. 15 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Independent auditors, report to the members of Age Concern in Cornwall and the Isles of Scilly {Limited by Guarantee) Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconslstent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement In the financial statements or a material mi55tatement of the other information. If, based on the work we have performed, we conclude that there is a material mls5tatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the trustee5' report incorporating the directors, report forthe financial year for which the financial statements are prepared is consistent with the financial statements; and tho direttors, report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exception In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report. We have nothing to report in respect of the following matters in relatlon to which the Companle5 Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion: adequate and sufficient accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us. or the parent charitable company financial statements are not in agreement with the accounting records and returns", or certain disc105ures of directors, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit; or the trustees were not entitled to prepare the financial statements in accordance with the small companies, regime take advantage of the small companies, exemption in preparing the dlrectors, report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement set out on page 14, the trustees (who are also the directors of the charitable company for the purposes of company law} Bre responsible for the preparation of the financial statements and for being satisfied that they give 3 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 error. 16 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Independent auditors, report to the members of Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) In preparing the group financial statement5 and parent charitable company financial statements, the trustees are responsible for assessing the group'5 and parent charitable company's ability to continue 3S 3 going concern, di5c105ing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable comp3ny or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that includes ouropinion. 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 arlse from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities. including fraud. are instances of non-compliance wlth laws and regulatlons. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including f raud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below; We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity at the planning stage of the audit. The charity is subject to laws and regulations that directly affect the financia I statements, specifically the Companies Act 2006, Charities Act 2011 and Charities Statement of Recommended Practice. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. The charity is also s ubject to law5 a nd reg(Ilations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation or loss of the charity's ability to operate. In making this assessment we determined that the most significant elements of legislation include those relating to employment laws and regulation5, health and safety standards and compliance with grant funding contracts. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures Involved the following: Making enquiries of management regarding their knowledge of any non-compliance with such laws and regulations that could affect the financial Statements. As part of these enquiries. we also discussed with management changes in risk assessment relating to fraud, and whether there l)ave been any known instances, allegations or suspicions of fraud, of which there were none, Considering the filings made at Companies House and the Charity Commission, and any omlssion5 thereon, of which none were identified. Discussing with management compliance with health and safety legislation, including any reforms tothese, Making enquiries of management and reviewing charity expenditure for any evidence of disputes, artual or potential litigation and claims, with regulators or any other such body. Reviewing documentation from fund providers to test whether funds had been appropriately claimed and uti14sed for purposes as set out in the respective contract term5. 17 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Independent auditors, report to the members of Age Concern in Cornwall and the Isles of Scilly {Limited by Guarantee) Auditing the risk of management override of controls, including through testing of journal entries and other adjustments for appropriateness and evaluating the rationale for significant transactions outside the normal course of business activities, of which there were none. Reviewing estimates and judgements made in the financial statements for any indication of bias and challenged a55umptions used by management in making the estimates. Reviewing trustee meeting Minutes and correspondence with regulators to corroborate the findings from the above. Duetothe inherent limitations of an audit, there remains a risk that we may not have detetted some material mi5Statements in the financial statements or non-compliance with laws and regulations. This is despite the fact that we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed irregularities are from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identlfy it. As with any audit, there remained a high risk of non-detection of irregularities, as these may involve collusion, forgery, intentlonal omissions, misrepresentations, or the override of internal controls. This risk was reduced by a thorough revlew of all controls in place that monitor items and transactions affecting the fina nclal statement5, The primary responsibility for the preventlon and detection of irrpgularities and f raud rests With the trustees of the charity. All relevant law5, regulations and significant risks of fraud identified have bee n clea rly communicated to each member of the audit engagement team. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. A further description of our responslbilities for the audit of the financial statements is located on tlie Financial Reporting Council's webslte at www.frc.org.uVauditorsresponsibilities. This description forms part of our auditor's report. Use of our report This reportls made solely to the charitable parent company's trustees, as a body, in accordance wilh Chapter 3 of Part 16 of the Companles Act 2006. Our audit work ha5 been undertaken so that we might state to the group's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable parent company and its trustees as a body, for our audit work, for thls report, or for the opinions we have formed. David Flastings FMAAT ACA (Senior Statutory Auditor) For and on behall of BK Plus Audit Limited Statutory Auditors 3 Chapel Street Redrutli Cornwall TR15 2BY Date 11 MaÉ*20?5 18 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Consolidated statement of financial activities (incorporating income and expenditure account) For the year ended 31 March 2025 2025 Total Funds 2024 Total Funds Restricted Funds Endowment Funds Unrestricted Funds Notes Income from: Donations and legacies Charitatjle activities 140 19,004 3,133,221 82,488 19,144 125,992 4,584,916 4,530,933 82,488 71,726 1,451,695 Investment income Total Income 1,451,835 3,234,713 4,686,548 4,728,651 Expenditure on., Charitable activities 1,183,056 3,276,752 4,459,808 4,947,484 Total expendlture 1,183.056 3,276,752 4,459,808 4,947,484 Net gains/(lossesl on investments 2,001 2,001 3,507 Net (expenditure}/ income for year 268,779 {40.0381 2?8,741 1215,326) Transfers 12,290 {12,2901 Net movement in funds 281,069 (52,328) 228,741 {215,3261 Total funds brought forward 492,670 324,602 2,082,669 2.899,941 3,115,267 Total funds carried forward 773,739 324,602 2,030,341 3,128,682 2,899,941 All income and expenditure are derlved from continuing activities. 19 Age Concern in Cornwall and the Isles of Scilly {Ltmited by Guarantee} Trading as Age UK Cornwall & the Isles of Scilly Company statement of financial activities (incorporating income and expenditure account) For the year ended 31 March 2025 2025 Total Funds 2024 Total Fund5 Restricted Funds Endowment Funds Unrestricted Funds Notes Income from., Donations and legacies Charitable activities 140 18,371 2,492,686 84,968 18,511 125,992 3,944,381 3,615,510 84,968 75,425 1,451,695 Investment income Total Income 1.451,835 2,596,025 4,047,860 3,816,927 Expenditure on: Charita ble activities 1,183,OS6 2,637,723 3,820,779 4,041,586 Total expenditure 1,183,056 2,637,723 3,820,779 4,041,586 Net galnslllossesl on investments 2,001 2,001 3,507 Net {expenditurel/ income for year 268,779 {39,6971 229.082 {221,1521 Transfers 12,290 {12,2901 Net movement in funds 281,069 (51,9871 229,082 (221,1521 Total funds brought forward 492,670 324,602 2,073,498 2,890,770 3.111,922 Total funds carried forward 773,739 324.602 2,021,511 3,119,852 2,890,770 20 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of killy Consolidated and company balance sheets As at 31 March 2025 Group 2025 Group 2024 Company 2025 Company 2024 Notes Flxed Assets Tangible assets Investments 12 13 206,667 230,447 206,667 228,949 206,667 230,447 206,676 228,958 Current assets Stock Debtors Investments Cash in bank and in hand 14 2,796 335,164 79,142 2,772,523 2,777 600,131 77,141 2,279,906 2,796 2,777 326,588 527,115 79,142 77,141 2,765,292 2,249,634 15 16 17 Total current assets 3,189,625 2,959,955 3,173,818 2,856,667 Creditors: amounts falling due within one year 18 1267,6101 (290,4611 (260,642) {194,8551 Net current assets 2,922,015 2,669,494 2,913,176 2,661,812 Net assets 20 3,128.682 2,899,941 3.119.852 2,890,770 Funds of the charity Restricted funds Endowment funds 21 22 773,739 324,602 492,670 324,602 773,739 324,602 492,670 324,602 1,098,341 817,272 1,098,341 817,272 Unrestrictedfunds Designated funds Reval uation reserve General fund 23 23 24 858,749 978,683 858,749 978,683 1.171.592 1,103,986 1,162,762 1,094,81S 2,030,341 2,082,669 2,021,511 2,073.498 Total charity funds 3,128,682 2,899,941 3,119,852 2,890,770 The financlal Statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and constitute the financial statements required by the Companie5 Act 2006 and are for circulation to members of the company. Signed on behalf of the trustees by: K Carey Trustee Approved and authorised for issue by the trLlStees on.. Is* Ec)&s Company Registration No. 02452302 21 Age Concern in Cornwall and the Isles of Scilly (Limited by Guaranteel Trading as Age UK Cornwall & the Isles of Scilly Group statement of cash flows For the year ended 31 March 2025 2025 2024 Notes Cash flows from operating activities: Net cash generated in operating activities 467.379 (2,076,987) Cash flows from investing activities: Investment income received Proceeds from disposal of fixed assets Fixed asset additlons 82,488 1,900 159,1501 71,726 (59,3031 Net C35h ge nerated by/lused in) investing activities 25,238 12,423 Change in cash and cash equivalents in the reporting period 492,617 (2,064,564) Cash and cash equivalents at the beginning of the reporting period 2,279,906 4,344,470 Cash and cash equivalents at the end of the repcrtlng period 2,772,523 2,279,906 22 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Notes to the group statement of cash flow5 For the year ended 31 March 2025 l. Reconciliation of net income/(expenditure} to net cash inflow from operating activities 2025 2024 Net {expenditurel/income for the reporting period (as per the statement of f inancial activities) Adjusted for: Depreciation Investment income 228,741 {215,3261 81,090 182,4881 1601 (2,001} (19) 264,967 122,851) 74,116 (71,7261 (Profitl/loss on disposal of fixed assets {Gainsl/losses on investments (I ncreasel/decrease in stock C)ecrease/li ncrease} in debtors Increase/{decrea5e} in creditors within one year 13,5071 15501 { 165,4231 {1,694,5711 Net cash inflow from operating activitles 467,379 (2,076,987 2. Analysis of cash and cash equivalents 2025 2024 Cash in hand PLEO Prepaid Cards Cash in bank-current accounts Cash in bank- deposit accounts 720 3,818 8,265 759,673 1,508,150 9,400 1,177,294 1,585,109 Net cash inflow from operating activities 2,772,523 2,279,906 23 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly N otes (forming part of the financial statements) Constitution The company is limited by guarantee incorporated in England and does not have a share capital. In the event of the company being wound up each memoer is liable to cOntrib￿e a sum not exceeding £1. Accounting policies The following accounting policies have been adopted in dealin£ with items which are considered material in relation to the preparation of the company's financial statements. 2.1 Basis ofprepamtion The financial statements have been prepared in accordance with Accounting and Reporting by Charitie5.' Statement of Prartice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 20191- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic (FRS 1021 and the Companies Act 2006. Age Concern in Cornwall and the Isles of Scilly meets the definition of a public benefit entity under FIIS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated In the relevant accou nting policy note. These financia5 statements are prepared in sterling. which is the functional currency of the company. Monetary amounts are rounded to the nearest £. The consolidated f inanclal statements have been prepared in respect of Age Concern In Cornwall a nd the Isles of Scllly, Tiarisport Access People knmltÈd and Age Concern Cornwall Trading Llmited. The results of Transport Access People Llmited and Age Concern Cornwall Trading Limlted have been incorporated into the consolidated statement of flndncial actlvltles and the consolldated balance sheet on a line by1Sne basis, 2.2 Income Voluntary income 15 recognised where there is entitlement. certainty of receipt and the amount can be nieasijred with sufficient reliability. Such income is only deferred when.. The donor specifies that the grant or donation must only be used in future accountiiig periods,. or The donor ha5 imposed conditions which must be met before the charity has unconditional entitlement. Intangible income is not Included unless it represents goods or services which would otherwise be purchasp.d. Legacles are recognised in the financial statements in the period to which the charity becomes entitled to the income, unle55 It 15 incapable of financial measurement. Income from trading activitie5 15 recogni5ed as earned las the related eoods and services are provided), Investment income is recognised on a receivable basis. Income from charitable activities include5 income received under contract or where entitlement to grant funding is subject to specific performa nce condition5 It is recogni5ed as earned las the related goods or services are providedl. Grant income included in this category provides funding to support performance activitles and is recognised where there is entitlement, certainty of receipt and the amount can be measured wlth sufficient reliability. Income 15 deferred when performance related grants are received in adva nce of the activity to whlch they relate. 24 Age Concern in Carnwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Notes (forrning part of the financial staternents) 2 Accounting policies (continued) 2.3 Expenditure Expenditure is included on an accruals basis. The irrecoverable element of VAT is included with the expense to which it relates. Expendit¢Jre is recognised when a liability is incurred. Governance costs represent the cost of relevant staff and office costs, board expenses, audit and accountancy fees, The majorlty of costs are dlrectly attributable lo specific activitie5. Certain shared costs are apportioned t'o activities in furtherance of the objects of the charity. Shared staff costs and office costs are apportioned on the basis of the estlmated usage by each cost centre of setvices provided. 2.4 Fund5 Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets the criteria is identified to the fund, together with a fair allocation of overheads and support Costs. Unrestricted funds are donatlons and other incoming resources received or generated for any of the charity's objectives. Deslgnated funds are unre5trlcted fund5 earmarked by the trustees for particular purposes. Endowment funds capltal Is required to be retained in perpetuity. 2.5 Pension Costs The company operates a defined contribution pension scheme. The assets of the Scheme are held separately from those of the company in an independently administered fund. The amount cha rged to the Statement of Financial Activities represents the contribution5 pay3ble to the scheme in respect of the accounting period. 2.6 OperatlnE leases Rental charges are charged In the statement of financlal actlvities on a straight line basis over the life of the lease. 2,7 Tanglble fixed assets and depreciatlon Tai)glble flxed assets over £l.000 are initially measured at C05t and sub5equerstly measured at cost, net of depreciation and any impairment losses. Depreciation is provided on tangible fixed 355et5 to write off the cost less the estimated residual value of tangible fixed assets by equ31 instslments over their estimated useful lives as follows: Fixtures and fittings: Furniture 10 years - Telephone system 5 years Electrical equipment 1-3years Motor vehi£les 5 - 10 years Electric Vehicles & Chargepoints 7 years 2.8 Investments Fixed asset investments are stated in the financial statements at cost. Current asset investments are stated at valLtation. The aggregate surplus or deficit on annual revaluation is transferred to a revaluation reserve. 25 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Notes (forming part of the financial staternents) Accounting policie5 (continuedl 2.9 Stocks stocks are valued at the lower of cost and net realisable v31ue, Donated goods are not valued when held a5 Stock. 2.10 Debtors and creditors Debtor5 receivable and creditors payable within one year are recorded at transaction value. 2.11 Taxation The company is an exempt charity within the meaning of Schedule 3 of the Charities Act 2011 and is considered to pass the test set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. 26 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Notes (forming part of the financial statements) Donations and legacies {Group and Company) Restricted Funds Unrestricted Funds Total Funds 2025 Total funds 2024 Individuals Legacies 140 19,004 19,144 54,428 71,564 140 19,004 19,144 125.992 Income from charitable activities (Group and Company) Total funds 2024 Activlty Restricted Funds Unrestricted Total funds Funds 2025 Active Living Services Age UK Community Transport Community Allotment East Cost of Llving Fund Falmouth aefrlending Gateway Support Programme Home and Hospltal Home Support Grant Incluslon Matters Informal Carers Service Macmlllan Llnk Navigation Mi nibu5 Replacement Fund Older Peoples Project Penzance Youth Project People In Mind Personal Health Budget Power of Mu51c Social Prescrlblng ICornwall} Social Prescribing Comm Development Transport Workwell Programme Other projects 1,018,245 38.519 1,018.245 38.519 871,570 S,546 19,125 6,375 70 660,000 780.000 6.375 70 660,000 780,000 754,070 780,000 204,500 178,308 88,138 37,740 178,308 89,626 178,308 89.626 29,293 18,916 29,293 18.916 20,328 588 93,032 93,032 100,324 24,546 4,0 4,000 470,290 470,290 435,847 2,058 24,064 71,387 315.000 170,070 71,387 315,000 171,320 1.250 68,758 Total Incoming- Resources Company 1.451,695 2,492,686 3,944,381 3,615,510 Transport Access People Limited Elimination of Inter Company - Transactions on Consolidation 640,535 640,535 929,421 113,9981 Total incoming- Resources Group 1,451,695 3,133,221 4.584,916 4.530,933 Government funding included above totalled £86.388 {2024: E268.5511 which con51Sted of £41,484 from Cornwall Cauncil to support transport projects and £44,904 from the Council for the151es of Scilly for the Islos of Scilly minibus. 27 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Notes (forming part of the financial statements) Investment income Group 2025 Group Company 2024 2025 Company 2024 Gift Aid from subsidiary undertaklng Bank interest receivable 2,480 82,488 3,699 71,726 82,488 71,726 82,488 71,726 84,968 75,425 The donation received under gift aid from the subsidiary companies reflects tho amount expected to be received in respect of the results for the year ended 31 March 2025. As disclosed in those financial statements the gift aid donation is no longer accrued at year end, however the Trustees of the charity have accrued for this income in the Charity's financial statements as notification of entitlement to this incorne had been received.at the year end. Taxation As the company is a registered charlty it is exempt from corporation tax. 28 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Notes (forming part of the financial statements) Expenditure on charitable activities- Group and Company Restricted Funds Unrestricted Funds 2025 Total Funds 2024 Total Funds Actlve Living Age UK Communlty Transport Capital Assets Fund Community Allotment East COMF Funding Community Hubs Prograrnme Cost of Living Fund Daycentre Development Fund Falmouth Befriending Gateway Contingency Fund Gateway Support Programme Governance Health Budget KerrSer Home and Hospital Home Support Grant Inclusion Matters Informal Carers Services Macmilla n Link Navigation Older Peoples Project Penzance Youth Project People in Mind Personal Health Budgets Power of Music 940,794 47,678 79,592 940,794 47,678 79,592 2,544 863,537 73,616 2,544 42,702 10,635 19,035 19,545 250 250 6,465 6,465 12,451 12,451 46,688 632,785 33,347 85 764,456 204,500 139,354 71,308 33,073 27,825 4,146 90,991 24,546 632,713 632,713 1,854 523,197 1,854 523,197 154,846 62,529 154,846 62,529 17,726 17,726 83,324 83,324 1,769 1,769 Rejuvenate Too Service Development Fund Social Prescribing (Cornwalll Social Prescribing Community Development Staff and VolunteerTraining Step into Wellness Transport Workwell Programme Other projects 59,015 29,522 415.342 3,992 13,560 45,720 83,941 48,521 457,980 48,521 457,980 20,084 20,084 81,328 202,041 441.030 81,328 202,041 443,093 2,063 288.320 Total Resources Expended Company 1,183,056 2,637,723 3,820,779 4,041,586 Transport Access People Limited 639,029 639,029 919,898 Elimination of Inter Company- Transactions on Consolidation 114,0001 Total Resources Expended Group 1,183,056 3,276,752 4,4S9,808 4,947,484 29 Enth Ln LD r4 ffit40NLnm Ln Lyi yi f* ¢m rr tr ttts)f4 ¥1￿ vr*J rEOW CJ ￿ u) In Ln o v C>P* V • V rrt vl rl N rfj ON In o) mrt¢ ID Ln Ln Ln C Lrt cn orxom vi vo f3) OrSN otho eKJ trj O LD Ln o* n O P4 O Ln J co o r￿ 0￿M om OML Ln ￿ O Ln c¢oo o) r4 0 ¢ g* rri (ri vo r4 ti) Ln v% P4 pl rs c¢ ((J m ￿En ¢J lrt E ¥ < i uo C C o tl F- <%fu u Vu￿(￿￿￿_ Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Notes (forming part of the financial statements) Net income/{expenditure) for the year Group 2025 Group 2024 Companv 2025 Companv 2024 Net expenditure is stated after charging- Operating leases Depreciation IGainl/loss on disposal of fixed assets 32,000 81.090 (601 32,000 74,116 32,000 79,592 1601 32.000 73,616 Governance expenditure includes: Auditors remuneration: For audit services For other services 9,000 1,000 8.500 3,405 5.000 311 5,000 1,850 10,000 11,905 5,311 6,8SO 10. Payroll costs- Group 2025 2024 Wages and salaries Social security costs Pension contributions 2,292,794 164,976 38,713 2,240,280 154,467 36,236 2,496,483 2,430,983 The average number of full tlme equivalent persons employed during the year was a5 follows.. 2025 2024 Charitable activitie5 Management and administration of the charity 74 li 73 12 85 85 Expressed as average head count of persons employed during the year 145 154 The number of employees whose annu31 remuneration was £60,000 or more were: 2025 2024 £60,000- £70,000 The total remuneration and benefits of key management personnel for the year were £202,82112024'. £209,763). The group contributes to a defined contribution pension scheme. The pension cost charge for the period repre5entS contributions payable by the group to the fund and amounted to £38.71312024: £36,236). There were outstanding contributions at the year-end of £7,29912024- £7,969}. 31 Age Concern in Cornwall and the Isles of Scilly {Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Notes (fcjrming part of the financial statements) ii. Related party transactions The trustees of the charity are the directors under company law and received no remuneration12024: £Nill. No expenses were claimed by trustees duringthe year or preceding year. There were no related party transactions during the year or the preceding year. 12. Tangible f ixed assets Group Motor vehicles Fixtures and fittlngs Total Cost At l Aprll 2024 Addltion5 Disposals 422,514 S3.216 19,6001 245,552 5,934 668,066 59,150 19,6001 At 31 March 2025 466.130 251,486 717,616 Depreclation At l April 2024 Charge for year On disposals 238,311 58.830 17.7601 199,308 22,260 437,619 81,090 17,7601 At 31 March 2025 289.381 221,568 510,949 Net book value At 31 March 2025 176,749 29,918 206,667 At 31 March 2024 184,203 46.244 230,447 Tangible fixed assets Company Motor vehicles Fixtures and fittings Total Cost At l April 2024 Additions Disposals 422.514 53,216 19,6001 243,554 5,934 666,068 59,150 {9,6001 At 31 March 2025 466,130 249,488 715,618 Depreciatlon At l April 2024 Charge for year On disposals 238.311 58.830 17,7601 198,808 20,762 437, l].9 79,592 17,760) At 31 March 2025 289,381 219,570 508,951 Net book vnlue At 31 March 2025 176,749 29,918 Z06,667 At 31 March 2024 184,203 44,746 228,949 32 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee} Trading as Age UK Cornwall & the Isles of Scilly Notes (forming part of the financial staternents) 13. Investments- Company Investment in subsidiaries at cost: At 31 March 2024 and 2025 The company holds the whole of the issued share capital of Transport Access People Umited, a company registered in England and Wales num ber 04559010. The principal activity is the operation of a transport Service. 2025 2024 Summary proflt lind loss account Turnover Administrative expenses 641,167 1639,0281 929,421 1919,8981 Net profitlllossl 2,139 9,523 The assets and liabllities of the subsidiary were: Total assets Credltors: amounts due within one year 18,287 (6,978) 243,812 {230,9431 Total net assets 11,309 12,869 Aggregate share capltal and reserves 11,309 12,869 The company holds the whole of the issued share capital of Age Concern Cornwall Trading Limited, a company registered n EnE13nd and Wales number 02499635. The principal activity is insurance broking activity. This trade ceased on 31 March 2018. 2025 2024 Summary proflt and loss account Turnover Admlnistratlve expense5 Net profit The assets and liabilities of the subsidiary were: Total assets Creditors.. amounts due within one year Total net assets Aggregate share capital and reserves The above profits are passed to the charity by way of a gift aid donation each year. Subsequently no corporation tax liability arises in either trading subsidiary. 33 Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading a5 Age UK Cornwall & the Isles of Scilly Notes (forming part of the financial statements) 14. Stock- Group and Company 2025 2024 Consumables 2.796 2,777 15. Debtors Group 2025 Group 2024 Company 2025 Companv 2024 Trade debtors Subsidi