AGE EXCHANGE
Age Exchange works with older people to improve their quality of life by valuing their reminiscences and giving opportunities for wider appreciation in the form of: - visual and performance arts- health and social care projects- inter-generational programmes - exhibitions - publications- documentary film
Objects
THE CHARITY’S OBJECTS ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING: (1) TO PROVIDE OR ASSIST IN THE PROVISION OF FACILITIES OF SOCIAL WELFARE FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE INFIRMITY OR DISABILITY, FINANCIAL HARDSHIP OR SOCIAL CIRCUMSTANCES WITH THE OBJECT OF IMPROVING THEIR CONDITIONS OF LIFE. (2) ADVANCING EDUCATION FOR THE PUBLIC BENEFIT, IN PARTICULAR BUT NOT EXCLUSIVELY BY; (A) PROVIDING TRAINING IN REMINISCENCE AND THE CREATIVE ARTS. (B) PROVIDING AND FACILITATING CREATIVE EXPRESSION INCLUDING BUT NOT LIMITED TO DRAMA, MUSIC, FILM AND VISUAL ARTS.
Financial health, per its FY2025 accounts
The accounts state that the charity reported an operating deficit of £50k and a total deficit of £52k for the year ended 31 March 2025, driven by cost pressures and wage increases. Per the trustees' report, free reserves were calculated at a negative £185k, falling significantly below the stated policy target of £50k. However, the charity remains solvent with unrestricted funds of £957k and continues to receive financial support from its parent charity, Community Integrated Care.
What the accounts disclose
“The charity’s free reserves as at 31st March 25 stood at £-185k (2024: £-121k). This is calculated as the unrestricted reserves of £957k (2024: £1,000k) less the carrying value of tangible Įxed assets not secured by loans of £1,142k (2024: £1,121k).” — page 12
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Government income: £89,562 — grants £89,562 (2); 15% of the £604,604 total gross income on the same return
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 124
- Government income: £69,252 — grants £69,252 (3); 12% of the £563,662 total gross income on the same return
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 137
Corporate structure
- Registered company of the charity Companies House 01929724
Company officers (Companies House)
- HARRISS, Sean Richard on trustee list
- CHAN, Danielle Kathryn on trustee list
- MUTHUSUBRAMANIAN, Jayakanthan on trustee list
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (18/07/2016)
- Received assets from another charity (18/08/2015)
Trustees
- Danielle Kathryn Chan
- Jayakanthan Muthusubramanian
- Sean Richard Harriss
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £605k | £655k |
| 31/03/2024 | £564k | £568k |
| 31/03/2023 | £532k | £619k |
| 31/03/2022 | £538k | £548k |
| 31/03/2021 | £621k | £579k |
Common questions
Is AGE EXCHANGE financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported an operating deficit of £50k and a total deficit of £52k for the year ended 31 March 2025, driven by cost pressures and wage increases. Per the trustees' report, free reserves were calculated at a negative £185k, falling significantly below the stated policy target of £50k. However, the charity remains solvent with unrestricted funds of £957k and continues to receive financial support from its parent charity, Community Integrated Care. Its FY2025 accounts were independently examined.
Who funds AGE EXCHANGE?
Funders whose own accounts filings name AGE EXCHANGE as a grant recipient include THE EDWARD GOSTLING FOUNDATION, THE MERCERS CHARITABLE FOUNDATION, THE HORNERS CHARITY FUND, NEWBY TRUST LIMITED, THE DYERS' COMPANY CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE EDWARD GOSTLING FOUNDATION | FY2024 | £25k | |
| THE MERCERS CHARITABLE FOUNDATION | FY2022 | £18k | Older People & Housing Programme |
| THE HORNERS CHARITY FUND | FY2022 | £12k | General charitable purposes (Master's Charity) |
| NEWBY TRUST LIMITED | FY2022 | £5k | Health |
| THE HORNERS CHARITY FUND | FY2025 | £4k | Grants from General Funds |
| THE DYERS' COMPANY CHARITABLE TRUST | FY2024 | £2k | Health and Welfare |
| THE DYERS' COMPANY CHARITABLE TRUST | FY2023 | £2k | Health and Welfare |
| THE DYERS' COMPANY CHARITABLE TRUST | FY2022 | £2k | Health and Welfare |
| THE DYERS' COMPANY CHARITABLE TRUST | FY2021 | £1k | Health and Welfare |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 03/09/2021 | £9k | Mobility movement and music for dementia |
| Sport England | 23/07/2021 | amount not stated | COVID19 - Active Together (Crowdfunding) |
| The National Lottery Community Fund | 12/12/2019 | £305k | Reminiscence Arts in Dementia Care Project. |
| The Mercers' Company | 26/06/2019 | £52k | Grant to Age Exchange Theatre Trust |
| UK government | 01/04/2019 | £21k | Building Connections Fund |
| The National Lottery Heritage Fund | 06/02/2019 | £98k | "Combat Stress - 100" |
| UK government | 02/01/2019 | £21k | Building Connections Fund |
| The National Lottery Community Fund | 26/11/2018 | £55k | Reminiscence Arts Club (Carers and Dementia) |
| The National Lottery Community Fund | 14/09/2018 | £8k | Picture This - My Story, My Community |
| The National Lottery Community Fund | 22/03/2017 | £10k | Improving access and resources |
| City Bridge Foundation | 12/08/2016 | £2k | Eco audit to Age Exchange |
| City Bridge Foundation | 24/05/2016 | £97k | Grant to Age Exchange |
| The National Lottery Community Fund | 04/04/2016 | £468k | Reminiscence Arts in Day Care |
| The National Lottery Heritage Fund | 09/12/2015 | £84k | "'Meeting in No Man's Land' British & German descendants share heritage from The Great War" |
| City Bridge Foundation | 28/01/2015 | £48k | Grant to Age Exchange |
| The National Lottery Heritage Fund | 07/03/2013 | £81k | "Children of The Great War" |
| City Bridge Foundation | 18/03/2010 | £100k | Grant to Age Exchange |
| The National Lottery Community Fund | 17/03/2009 | £10k | Run For It |
| The National Lottery Heritage Fund | 17/03/2009 | £10k | "A Project By This Greenwich Group To Hold Reminiscence Sessions To Show The Whole Community How Games Have Been Played Over Various Decades." |
| The National Lottery Community Fund | 11/06/2008 | £83k | Creative Ageing in London |
| The National Lottery Community Fund | 10/11/2006 | £10k | Time Keeper's |
| The National Lottery Heritage Fund | 30/09/2005 | £50k | "We're Talking Heritage" |
| The National Lottery Heritage Fund | 29/03/2005 | £3k | "This Group Will Use Their Award To Undertake A Project Commemorating The End Of The Second World War. The Aims Of The Project Will Be To Bri" |
| The National Lottery Community Fund | 24/03/2005 | £20k | Age Exchange Theatre Trust commemoration production |
| The National Lottery Heritage Fund | 28/09/2004 | £5k | "Age Exchange Records And Celebrates The Life Experience Of Older People Using Creative Approaches To Explore Memories And Current Concerns." |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| AGE UK | 4 | £23.5m |
| CHARITY OF SIR RICHARD WHITTINGTON | 2 | £114k |
| THE FRENCH HUGUENOT CHURCH OF LONDON CHARITABLE TRUST | 2 | £19k |
| COMMUNITY COUNCIL OF DEVON | 2 | £16k |
| THE LAWSON TRUST CIO | 2 | £11k |
| THE AMELIA CHADWICK TRUST | 2 | £8k |
| SIR JULES THORN CHARITABLE TRUST | 2 | £5k |
| THE MASTER CHARITABLE TRUST | 1 | £2.7m |
Charities like this
- AGE UK
- AGE UK EALING
- AGE UK NORTHAMPTONSHIRE
- GENERATION EXCHANGE
- AGE CONCERN EAST SUSSEX
- AGE CONCERN LIVERPOOL & SEFTON
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| AGE EXCHANGE | £605k | — | 0 | below | — | no doubt |
| AGE UK | £131.8m | £280,001 - £290,000 | — | within | — | no doubt |
| AGE UK EALING | £638k | — | 1 | unclear | — | no doubt |
| AGE UK NORTHAMPTONSHIRE | £4.7m | — | — | unclear | — | no doubt |
| GENERATION EXCHANGE | £78k | — | 0 | unclear | — | no doubt |
| AGE CONCERN EAST SUSSEX | £3.0m | — | — | unclear | — | no doubt |