Registered number- SC181705 Charity number: SC022539 AGE CONCERN EASTWOOD DEMENTIA PROJECT (A Company Limited by Guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
AGE CONCERN EASTWOOD DEMENTIA PROJECT (A Company Limlted by Guarantee) CONTENTS Page Reference and Admlnlstrative Detsils of the Charity. Its TThstees and Advisers Trustees. Report Independent Examlnerfs Report 3ts1¥iiieiil vf Pliidti¢ldl AL'ilvl(le¥ Balance Sheat Notss to the Financial Statements 9-22
AGE CONCERN EASTWOOD DEMENTIA PROJECT IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2026 Trustees J Gray A Holland F E Thomson R Wilson (Resuned 3 Febtuary 2026) L Lawson C Wallis B Mauie IReswJned 6 May 20251 Company registered number SC181705 Charity registered number SC022539 Registered offlce No 3 Cottage Eastwood Pa Gifthock Glasgow G467JS Company secretary F E Thomson Accountants Armstrong Watson LLP Caledonia House 89 Seaward Street Glasgow G41 1HJ Page 1
AGE CONCERN EASTWOOD DEMENTIA PROJECT IA Company Limlted by Guardnteel TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2026 The Trustees present their annual repcfft logether with the financial statemetts of the Charty for the year 1 April 2025 to 31 March 2026. The Annual Report serves the purposes of both a Tnjstees. report and a directors, report under ¢ompany law. The Trustees COnfin that the Annual Report and financial statements of the charitable company comply wrth the CUTrerFt statutory requirements. the requirements of the charitable compan$ governing document and the prowsions of the Stslement of Recommended Practice ISORP} applicable to charrties preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS1021 (effective 1 January 2019). Since the Charity qualrfies as smal under section 382 of the cnpanIeS Act 2006. the Strategic Report required of medium and large companies under the C(ynpanies Act 20L% IStrategi¢ Report and Directors, Report) Regulations 2013 has been omitted. Objectives and activltie5 . Policies and objectives Our only objective as a local independent dementia selvits prowder, is lo offer the highest quality of care lo people living with dementia and their carers throughout the East RerrfrewShI localty. Our focus is to ensure that people'5 needs and wishes are addressed efficiently and professionalty, and are treated wf(h respect and dignty at all limes. Our staff continue lo receive all relevant training in Order to enhance their kni)wledge and skills, which enables them to offer our clients and carers the care they need. We continue to target all available resources lo provide our seryices which inclu¢Je 9Tants. donatsons as well as local govemment ftjnding. Achievements and perfomianco . Main achlevements of the Charity Over the last two decades. we have continualty engaged with other exiemal agencies provlding se1viS lo people Iwing with dementia to ensure that MMuM standards are maintained. By utilising skills from health and social care and the IrKal communty, we have together promded collaborative working in each individual's package of care. Linking in this way has allowed us to identrfy potential problems and address concerns before crises occur. This inteNention, along partner agencies has enable(I many people to safety remain in their own home for as long as possible. Financlal review a. Financial revlew The Statement of Financial Actiwties shows a deficrt of £43,54912025- £16,354 defiull. b. Reserves policy The Ve1 of reseNes held as at 31 March 2026 amounted to £503.34212025 - £546,891). The Iruslees believe that this level of reserves provides an acceptsble capital base from which the charity can operate. c. Principal fundlng sources The principal grant funding for the chaTrty is East Renfrwhire cnCil. Other income Sour received by the charty are donations and day care income. Page 2
AGE CONCERN EASTWOOD DEMENTIA PROJECT (A Company Llmited by Guarnntoe) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 d. Golng ¢oncern After making appropriate enquiries, the Trustees have a reasonable expectsbon that the Chanty has adequate resouTces to continue in operational existence foT the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial st*ements. Further details regarding the adoption of the going concem basis can be found in the accounting policies. e. Future plans The charitys ptans for fLrture years are to continLte to provide the highest quoljty of care and support to clients and carers and to increase the Servi (( prowdes. Structure• govemance and management . Constitutlon Age Concem Eastwood Dementia Prqect is regiSted as a charttable company limsted by guarantee and a recognised Scottish charty. 11 is govemed by and in accordance wth rts memorandum and articles of association. The company was incorporated on 22 December 1997. b. Methods of appolntment or election of Trustees The Iruslees are appointed by way of personal approach to specrfic indiwduals. The trustees of the chaTty are familiar wth the work of the charity. the induGtion and training ol new trustees is carried out by existing trustees of the charity. Statement of Trustees. rtsponsibilities The Trustees (who are also the directors of the Charity for Ihe purposes of company lawl are responsible for preparing the Trustees. Report and the financial stslement5 in accordan wth applicable law and United Kingdom Accounting Stsndards (United Kingd( Generalty Accepted Acccwnting Practice). Company law requires the TTU5tees to prepare financial statements for each financial year. Under ccffipany law. the Trustees must not approve the financial statements unless they are satisfied that they give a ITue and fair ew of the state of affairs of the Charity and of its incoming resources and application of resources. including its income and expendrture. for tha period. In Pparing these financial statements. the Trustees are required lo". select suitable accounting pdicies and then app them consistenty. observe the methods and principles of the Chanties SORP IFRS 102}- make judgments and accounting estimates that are reasonable and prudent,. slate whelher applicable UK Accounting Stsndards (FRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements". prepare the financial statements on the going conrn basis unless rt is inappropriate to Presume that the Charty will continue in business. Page 3
AGE CONCERN EASTWOOD DEMENTIA PROJECT {A Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 St*emgnt of Trnstees. rosponslbilities {copifiNUEDI The Tnjstees are responsible for keeping adeqvate accounting records that are sufficienl to show and explain the Charitys transactions and disck)se th reasonable accuracy al any lime the financial position of the Charty and enable them lo ensure that the financial statements comply vthh the Companies Act 20[, the Charrties and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the Chanty and hence for taking reasonable steps for the prevention and detection of tral and other irreguLarities. Approved by order ofthe members of the board of Trustees on 28 May 2026 and signed on their behaw by. Thomson rruslee} Page 4
AGE CONCERN EASTWOOD DEMENTIA PROJECT (A Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2026 Independent Examinerfs Report to the Trustees of Agg Concem Eastwood Dementia Project I report on the accounts of the charty for the ended 31 March 2026 which are set out on pages 6 10 22. Respective Responsibilities of Trustees and Examiner The Iruslees, who are also directors of the company for the purposes of company law, are responsible for the preparation of the financial statements in accordance wth the terms of the Charities and Trustee Investment {Scollandl Act 2005 Ilhe Act'} and the Charities Accounts IScotlan¢Y} Regulation 2006 I'lhe Accounts Regulalions')- The Iruslees consider that the audil requirement of Regulation 10(1)la) lo (cl of the Accounts Regulations does not apply. 11 is my responsibility to examine the financial statement5 as required under section 4411 Ilcl of the Act and to stale whether particular matters have come to my attention. Basis of Independent Examlnerfs Statement My examination was earried out in accordance with regulation 11 of the Accoun15 Regulations. An examination includes a review of the accounting records kept by the charity an¢Y a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial slatemenls, and seeking explanations from as trustees conceming any such matters. The procedures un(fertaken do not provide all the evidence that would be required in an audit. and consequently I do not express an audit opinion on the view gNen by the accounts. Indgpendent Examlner's Ststernent In the course of my examination. no matter has come to my attention: which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in aCc(Kdat section 44(11(21 of the Act and regulation 4 of the Accounts Regulations,. and to prepare financial stslements which accord the accounting records, Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland IFRS 1021 and in other respects comply with regulation 8 of the Accounts Regulations have not been mel., or to which, in my opinion. attention should be draw in ordef to enable proper understanding of the financial statements to be reached. This report is made solely lo the chariws Trustees. as a body. in accordance wlh regulation 11 of the Charities Accounts Iscollandl Regulations 2006. My work has been undertaken so that I might slate to the charity's Tnjstees those matters l 8m required to slate to them in an Independent Examinels Report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility lo anyone other than the charity and the charitys Trustees as a body. for my work or for this report. Signed.. Gavin Curr FCCA Dated.. 28 May 2026 Armstrong Watson LLP Caledonia House 89 Seaward Street Glasgow G41 1HJ Page 5
AGE CONCERN EASTWOOD DEMENTIA PROJECT IA Company Limlted by Guarantee) STATEMENT OF FINANCIAL ACTMTIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT} FOR THE YEAR ENDED 31 MARCH 2026 Unrestricted funds 2026 Restricted funds 2026 Total funds 2026 Total funds 2025 Note Income frorn: Donations and legacies Charitable activities 11,Tn 387.791 11.777 387.791 2.293 398,243 Total income 399.568 399.568 400.536 Expenditure on: Charitable activities 443.117 443,117 416,890 Total expgnditure 443.117 443.117 416,890 Net movement in funds {43.$49) {43,5491 (16.354) RenCiliation of funds: Total funds brought forward Net movement in funds 546.542 143.549) 349 546,891 143,549) 563,245 (16.354) Total funds carried forward 502,993 S03.342 546,891 The Slalement of Financlal ACtlI1eS indudes all gains and1055es recognised in the year. The notes on pages 9 10 22 fom part of these finanaal statements. Page 6
AGE CONCERN EASTWOOD DEMENTIA PROJECT {A Company Limited by Guarantee) REGISTERED NUMBER: SC181705 BALANCE SHEEr AS AT 31 MARCH 2026 2026 2025 Note Flxed assets Tangible assets 6.225 3,693 3.693 Current assets Debtors Cash at bank and in hand 10 78.392 433.913 3, 128 555.978 512,305 559, 106 Current liabilities Creditors.. amounts falling due within cffle year 11 115.1881 (15,908) Net current assets 497.117 543. 198 Totsl assets less current liabilitles 503,342 546,891 Net assets excluding pension asset 503.342 546,891 Total net assets 503.342 546,891 Charity funds Restricted funds Unrestricted funds 12 349 12 502,993 546.542 Totsl funds 503,342 546,891 Page 7
AGE CONCERN EASTWOOD DEMENTIA PROJECT (A Company Limited by Guarantee) REGISTERED NUMBER: SC181705 BAIANCE SHE (CONTINUED AS AT 31 MARCH 2026 The Charty was enlided to exemption frLXn audit under section 477 of the Companies Act 20C6. The members have not required the company to (thin an audit for the year in question in accordance with section 476 of Companies Ad 20(6. The Trustee$ acknowledge their responsibilit*s comp"ng Vth the requirements of the Act with respect to accounting records and preparalion of financial statemenls. The financial statements have been prepared in accordance vh the provisions applicable lo entities subject lo the small companies regime. The financial ststements were approved and authcwised for tssue by the Trustees on 28 May 2026 and signed on their behf by. F E Thom50n rusteel A Holland (rrustee) The notes on pages 9 to 22 fom part ofthese financial sLknents. Page 8
AGE CONCERN EASTWOOD DEMENTIA PROJECT IA Company Limited by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 34 MARCH 2026 General infomiation Age Concern Eastwood Dementia Proiecl is a company limf(ed by guarantee incorporated in Scolland. The registered office is No 3 Cottage, Eastwood Park, Grffnock. Glasgow. G46 7JS. Accountlng policies 2.1 Basis of preparation of financial statements The financrdl sLements have beell prepared in ae¢ordance with the Charf(ies SORP IFRS 1021- Accounting and Reporting by Charities= Statement of Recommended Practice applicable lo charities preparing their accounts in accordan wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffectNe 1 January 2019}. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Acl 20C6. Age Concem EastWOCKI Dementia Project meets the definition of a public benefft entity under FRS 102. Assets and liabile$ are initi"a15y reccgnised at historical cost or transaction value unless olheThwse ststed in the relevant accounting p)li¢y. The financial statements are presented in Sterling 1£). 2.2 Income All incLyne is recogni5ed once the Charity has entitlement lo the income. it is probable that the income V11 be received and the amount of incffi)e re1Vable can be Measur reliably. Grants are included in the Statement of Financial Activilies on a r1vable basis. The balan of income received for specffi¢ purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, f(s reccMJnition is deferred and included in credrtors as deferreA income. Where entittement occurs before income is recewed, the income is 8¢crued. other income reC3Ised in the pericrfl in it is receivable and to the extent the goods have been provided or on completkjn of the Se. 2.3 Expenditure Expenditure ts recctyJnised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that 8 transfer of economic benefits will be required in settlement and the amount of the d)ligation can be measur&J reliably. Expenditure is classified by activity. The costs of each actmty are made up of the total of direct costs and shared costs. including support costs involved in undertaking each activty. Direct Costs attributable to a single adivty are allocated directly to th a¢ts"vty. Shared costs which contribute to more than one actNiity and support costs which are not attribltsble to a single actNity are apportioned btheen those aclivifies on a basis consistent %Mth the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allrKated on the portion of the asset's use. Expenditure on charitable a¢bv*ies 15 incurr&J on direth undertaking the actNities which further the Charitls objedives, as well as any associated support Costs. All expendrture is inclusive of irrecoverable VAT. 2A Taxation The Charity is exempt from COn tax on its charitable actNibes. Page 9
AGE CONCERN EASTWOOD DEMENTIA PROJECT (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accountlng policies {contlnued) 2.5 Tangible flxed assets and depreciation Tangible fixed assets are initFalty recoJnised at cost After recognition, under the cost model, tangible fixed assets are measured at cost accumulated depreciation and any accumulated impaimient losses. All costs incurred lo bring a tsngible fixed asset into ts intended Working condition should be included in the measurement of cost Depreciation is charged so as to alky2ts the cost of tangible fixed assets less their residual value over their estimated usehjl INes. using the $traight4ine method. Depreciation is provided on the folkAng basis.. Holiday home 10% 2.6 Debtors Trade and other debtors are reccNJnised at the settlement amount after any trade discount offered. Prepayn)ents are valued al the amount prepaid net of any trade discounts due. 2.7 Cash at bank and In hand Cash at bank and in hand indudes cash and short-temi highly liquid investments with a short maturity of three months or less from the date of wuisition or opening of the deposit or similar account. 2.8 Llabilities and provlslons Liabilities are recognised wthen there is an obligalion al the Balance Sheet date as a result of a past event, it is prcèable that a transfer of enoMiC benefrt wll be required in settlement, and the amount of the settlement can be estimated reliabty. Liabilities are recognised at the amount that the Chality anticipates il wll pay to settle the debt or the amount it has received as advanced payments for the go&Js OT setvices it mvst provide. Provisions are measured * the best estimate of the amounts required lo settle the obligation. Where the effect of the lime value of money is material, the pmvision is based on the present value of those amounts. discounted at the pre-tax discount rate that refiecls the risks specific lo the liability- Tho unwnding of the discount is recognised in the Slalement of Financ1 Activitie5 as a finance cost. 2.9 Financial instruments The Charity only has financial assets and financial liabil"eS of a kind that qualrfy as basic financial instruments. Basic financial instruments are initialty recognised at transaction value and subseqLTrentty measured at their Settrnent value with Ihe exception of bat)k loans which are subsequentty measur&J at amortised cost using the effth interest method. 2.10 Operating leases Rentals paid under operating leases are charged to the Statemenl of Financial Activities on a $trwght-line basis ¢)ver the lease term. Page 10
AGE CONCERN EASTWOOD DEMENTIA PROJECT (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accountlng policies (contlnuedl 2.11 Pension5 The charitable company r¥Jerates a defined benefft pension scheme. Contributions payable to the charrtable companys pension scheme are charged to the St*ement of Financial Activities in the period to lch they relate. 2.12 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restri¢ted fvnds are funds whtch are to be used in accordan vh specffic restrictions imposed by donors or which have been raise(I by the Charity for particular purpose5. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Income from donations and legacies Unre5tr1cted funds 2026 Total funds 2026 Total funds 2025 Donations 11,777 2,293 Income from charitable activities Unrestri¢ted funds 2026 Total funds 2026 Total funds 2025 Day care income Grants 87,164 300,627 87,164 300,627 77,650 320.593 Total 2026 387,791 387.791 398,243 Page 11
AGE CONCERN EASTWOOD DEMENTIA PROJECT IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Income from ¢harftable activities (continued) Grants received. included in the above. are as follows." 2026 2025 East Renfrewshire Council 320,593 Anatysls of expenditure on charitable aclivities Summary by fund type Unrestricted funds 2026 Total 2028 Total 2025 Care and support seNces 443,117 443,117 416.890 Analysis of expenditure by activittes undertaken dlreetly 2026 Support costs 2026 Total funds 2026 To181 funds 2025 Care and support services 432.475 10.642 443.117 416.890 Page 12
AGE CONCERN EASTWOOD DEMEPrnA PROJECT (A Company Limited by Guar4nteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Anatysis of expendlture by activltles {continuedl Analysls of direct Costs Care and support services Totsl funds 2026 Total funds 2025 2026 Staff costs Depreciation Training Rent, rates and insurance Light and heat Telephone and fax Postage, slationery and advertising Travel Repairs and maintenance Day care expenses 302.560 2.032 600 302.560 2.032 600 283, 770 1.434 13.826 25,800 1.226 1,402 52.638 1,815 30,576 13.826 25.800 1,226 1.402 52.638 1,815 30,576 11,251 2t.220 2,246 1, 754 55, 656 3,597 25,918 432.475 432.475 406.846 Analysis of support costs Care and support services 2026 Total funds 2026 Total funds 2025 Accounlancyfees Legal and professional fees Payroll fees Interest payable Independent Examinerfs fee 1.563 6,441 1.451 21 1.166 1.563 6,441 1.451 21 1,166 1.341 6,360 1,255 160 1. 128 10,642 10.642 10,044 Page13
AGE CONCERN EASTWOOD DEMENTIA PROJECT (A Company Limited by Guardftteel NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Staff costs 2026 2025 Wages and salaries Social securty costs Contribution to defined contrbution pension schemes 264.276 17.700 20.584 248.240 t5.339 20, 191 302,560 283, 770 The average number of persons employed by the Charity during the year was as follows.. 2026 No. 2025 ChaTitsble activities 12 No employee received remuner*ion amounting to more than £60.0(Kl in either year. Trustees. r8muneratlon and expenses During the year. F E Thomson. a trustee of the chanty, received remuneration of £50,400 12025 - £50,400) in their capacty as Centre Manager. for services provided to the charity under a contract or employTnent. This remuneration was paid in accordance wtth the provisions set out in the charity's constitution, which pemirts trustees lo recetve payment for serv7w rendered lo the charity beyond their duties as a trustee. TfUStees' expenses There were no trustees, expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025. Tangible fixed assets Plant and machlnery Cost or valuation At 1 April 2025 Additions 62.719 4.564 At 31 March 2026 67,283 Page 14
AGE CONCERN EASTWOOD DEMENTIA PROJECT (A Company Limited by Guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Tangible fixed assets (continued) Plant and machinery Depreclation At 1 April 2025 Charge for the year 59,026 2.032 At 31 March 2026 61,058 Net book value At 31 March 2026 6,225 At 31 March 2025 3.693 10. Debto 2026 2025 Due wtthin one year Prepayments and accrued incCe 78.392 3, 128 78,392 3, 128 11. Credltors: Amounts falllng due within one year 2026 2025 other taxation and social security Other creditors Accruals and defeffed income 5,161 4,308 1,460 10, 140 10.027 15.188 15,908 Page15
AGE CONCERN EASTWOOD DEMEIMA PROJECT IA Company Llmlted by Guarnntee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 12. Statement of funds Statement of funds- current year Balance at 31 Mar¢h 2026 Balance at 1 April 2025 Income Expenditure Unre$tricted funds General Fund5 546,542 399.568 1443,1171 502.993 Restricted funds Keyboard Fund 349 Total of funds 546.891 399,568 1443.117) 503.342 SLitement of fvnds- prior year Balance al 31 March 2025 Balan al l Apnl 2024 Income Expendrture Unrestricted funds General Funds 562.896 4C(1,536 (416.890) 546,542 Restricted funds Keard Fund 349 349 Total of funds 563,245 4LKI,536 (416.890) 546,891 13. Summary offunds Page 16
AGE CONCERPI EASTWOOD DEMENTIA PROJECT (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 13. Summary of funds Icontlnued Summary of funds- current year Balance at 31 March 2026 Balance at 1 Aprfl 2025 Income Expenditurn General funds Restricted funds 546,542 399,568 1443,117) 502,993 349 546,891 399,568 1443,1171 503,342 Summary of funds- prloryear Balance al 31 March 2025 Balance al l Apn-12024 Income Expenditu General funds Restricted funds 562,896 349 4LKI,536 (416,890) 546,542 349 563.245 400,536 (416.890J 546.891 14. Anatysls of net assets between funds Analysis of net assets ljetween funds- current year Unrestricted Restricted funds funds 2026 2026 Total funds 2026 Tangib fixed assets Current assets Creditors due within one year 6,225 511,956 115.188) 6,225 512,305 115.1881 349 Total 502,993 349 503,342 Page 17
AGE CONCERN EASTWOOD DEMENTIA PROJECT (A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 14. Anatysis of net assets between funds (continued) Analysis of net assets between lunds - prior year Unresfricted fijnds 2025 Restiicted Total funds 2025 2025 Tangible fixed assets Current assets Creditors due wthin one year 3.693 55&757 (15,908) 3,693 559, 106 (15.908) 349 Total 546,542 349 546,891 Page 18
AGE CONCERN EASTWOOD DEMENTIA PROJECT (A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 15. Employee benerrt obligatlons SCHEME: TPT Retirement Solution- Scottish Voluntary Stttor Pension Scheme The company participates in the scheme, 8 multimployer scheme which provides beneffts to some 77 non-associated ernploye The scheme is a defined benefft scheme in the UK. It is not possible for the company to obtain sufficient infomiation to enable rt to account for the scheme as a defined benefit scheme. Therefore it accc¥Jnts for the scheme as a defined contribution scheme. The scheme is Subject to the fvnding legislation outlined in the Pensions Act 2004 which came tnlo force on 30 December 2005. This, together wlth documents issued by the Pensions Regulator and Technical Actuarial Standards 555ued by the FinanrAal Reporting Council. set out the framework for funding defined benefft occupional pension sthemes in the UK. The scheme is dassified as a'iast-man standing arrangemenf. Therefore the company is potèntially liable for other parti¢ipating employers, c4)ligath)ns rf those employers are unable to meet their share of the scheme deficit following wrthdrawal from the scheme. PartIpating employers are legally required to meet their share of the scheme deficit on an annuity purchase basis on wf(hdrawal from the scheme. A full actuarial valuation for the scheme was carried out with an effective date of 30 September 2023. This actuarial valuation was certified on 27 June 2024 and shcpwed assets of £86.2m. liabilities of £88.2m and a deficit of £2.Om. From 1 June 2024 the majorty of eM0yerS no longer pay deficit contributions. Some employers have agreed concessions (both past and [eSentI with the Trustee and have contributions up to 28 February 2034. Note that the scheme's previous valualion was carried outwith an efflIve date of 30 September 2020. This valuation Showed assets of £153.3m, liabilities of £160.Om and a defKit of £6.7m. To eliminate this funding shortfall. the Trustee asked the participating empJoyeTS to pay additional contributions to the scheme as follows.. Deficit contributions From q April 2022 to 31 May 2024: £1N73.969 per annum (payable Montfrty and Increasing by 3% each on 1st April) The recovery plan contributions are allo(2ted to each paitripating employer in line with their estimated share of the scheme liabilities. Vlhere the s¢heme is in deffi¢it and where the company ha5 agreed to a defi¢it funding arrangement the company recogni5e5 a liability for this obligation. The amount recognised is the net present value of the deficit reduction Contributn$ payable under the agreement that relates to the deficit. The present value ss calculated using the discount tste detailed in these disclosures. The unwTrnding of the discount rate is recognised as a finance cost. Page 19
AGE CONCERN EASTWOOD DEMENTIA PROJECT IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 15. Employee benefft obligations Icontlnued) PRESENT VALUES OF PROVISION 31 January 2026 {£s) 31 January 2025 £s 31 January 2024 £s Present value of provision RECONCILIATION OF OPENING AND CLOSING PROWSIONS 2.161 6.221 P¢riod Ending P¥riod Ending 31 January 31 January 2026 2025 £s Provision at start of pen.od 2.161 8,221 Unwinding of the discourrt faclor {inlerest expense) 21 197 Defictt ¢ontn"bution paid (2.1821 14.2581 Remeasurements- impact of any change in assumptions Remeasurements- amendments to the contribution sthedule Provision at end of perits 2.161 INCOME AND EXpENDuRE IMPACT Period Ending Period Endlng 31 January 31 January 2028 2025 £5 Inte$1 expense 21 197 Remeasuremerts- impact of any change in assumption5 Remeasuremenls- amendments to the contribLrtion edUle Contributions paid in respect of ftrture seNce- Costs recognised in income and expenditure acrDunt "includes defined contribulion schemes arKI future service contritr#Jtions li.e. exduding any dèficit reduction payments) to defined benefft schemes which are tre*ed as deffned contribub.on schemes. To be ¢ompleted by the company. ASSUMPTIONS 31 January 2028 31 January 2025 31 Janu¥ry 2024 r annum r annum er annum Rate of discount 4.75 4.99 Page 20
AGE CONCERN EASTWOOD DEMENTIA PROJECT (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 15. Employee benefit obligations Icontlnued) The discount rates shown above are the equivalent single dis¢otsnt rates vthith, when used lo discount the future recovery plan contribLrtions due, would give the same results as using a full AA eorporate borKI yield cuNe to discount the same recovery plan contrilxJb"ons. The following schedule details the defiot c0ntrtbuiicS agreed belween the company and the scheme at each year end period.. DEFICIT CONTRIBUMONS SCHEDULE Year ènding 31 January 2026 31 January 2025 (£s) 31 January 2024 Year 1 2,182 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year g Year10 Year11 Year 12 Year13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 The MpanY must recognise a liablity measured as the rKesenl value of the contribubons p8yable that arise from the deficst recovery agreement and the resulting expense in the income and expenditure account i.e. the unwindirhg of the discount rate as a finance 5t in the period in which il arises. It is these contributions that have been used to derive the mpanIS balan¢e sheet liability. Page 21
AGE CONCERN EASTWOOD DEMEfiTIA PROJECT IA Company Limited by Guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 16. Operatlng lease commltments At 31 March 2026 the Charity had commitments to make future minimum lease payThenls under non- cancellable operating leases as follows.. 2026 2025 Not later than 1 year Later than 1 year and not later than 5 yEars 2,300 9.915 1, 121 3, 760 12,215 4,881 17. Related party transactions There were no relata poty trans&tions for the year ended 31 March 2026 nor for the year ended 31 March 2025. Page 22