CENTRE FOR AGEING BETTER TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a net deficit of £4,806,432 for the year ended 31 March 2024, resulting in a decrease in total net assets from £29,833,302 to £25,026,870. Per the trustees' report, the charity holds unrestricted funds of £25,026,870 and maintains a going concern basis, citing adequate resources to meet liabilities as they fall due despite being in a net current liabilities position.
What the accounts disclose
“Annual membership subscription was purchased from Carers UK to the value of £600. Margaret Dangoor, Trustee, is also a Trustee at Carers UK.” — page 41
“Library and information subscription services were purchased from the Kings Fund to the value of £13,608. Ben Page, Trustee, is also an advisory council member at the King Fund.” — page 41
“Annual membership subscription was purchased from Carers UK to the value of £600. Margaret Dangoor, Trustee, is also a Trustee at Carers UK.” — page 41
“Library and information subscription services were purchased from the Kings Fund to the value of £13,608. Ben Page, Trustee, is also an advisory council member at the King Fund.” — page 41
“Annual membership subscription was purchased from Carers UK to the value of £600. Margaret Dangoor, Trustee, is also a Trustee at Carers UK.” — page 41
“Library and information subscription services were purchased from the Kings Fund to the value of £13,608. Ben Page, Trustee, is also an advisory council member at the King Fund.” — page 41
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- CENTRE FOR AGEING BETTER LIMITED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £861k | £6.3m |
| 31/03/2024 | £733k | £6.6m |
| 31/03/2023 | £671k | £4.9m |
| 31/03/2022 | £615k | £5.7m |
| 31/03/2021 | £557k | £6.6m |
Common questions
Is CENTRE FOR AGEING BETTER TRUST financially healthy?
The accounts state that the charity incurred a net deficit of £4,806,432 for the year ended 31 March 2024, resulting in a decrease in total net assets from £29,833,302 to £25,026,870. Per the trustees' report, the charity holds unrestricted funds of £25,026,870 and maintains a going concern basis, citing adequate resources to meet liabilities as they fall due despite being in a net current liabilities position. Its FY2024 accounts were audited by Sayer Vincent LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PENNIES FOUNDATION | 2 | £370k |
| THE LAWSON TRUST CIO | 2 | £8k |
| VODAFONE FOUNDATION | 1 | — |
| THE THALES CHARITABLE TRUST | 1 | — |
| AGE UK | 1 | £22.4m |
| THE MASTER CHARITABLE TRUST | 1 | £2.7m |
| Rothesay Foundation | 1 | £2.3m |
| DEVELOPMENTS IN LITERACY UK (UK) | 1 | £250k |