AGE CONCERN IN CORNWALL AND THE ISLES OF SCILLY
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net movement in funds of £(215,326) for the year ended 31 March 2024, resulting in total funds decreasing from £3,115,267 to £2,899,941. Per the trustees' report, free reserves of £1,103,986 are slightly below the stated policy target of £1,200,000, which represents three to six months of expenditure. The charity operates a defined contribution pension scheme and holds two subsidiaries, one of which is ceasing trade.
What the accounts disclose
“At the end of March 2024, the free reserves, which amount to £1,103,986 held in the general fund, are slightly below this this range.” — page 11
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Alexandra Audrey Burley
- Armand Toms
- Helen Cridland
- Kim Carey
- Pauline Causey
- Peter Jefferson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £4.7m | £4.5m |
| 31/03/2024 | £4.7m | £4.9m |
| 31/03/2023 | £3.8m | £3.7m |
| 31/03/2022 | £3.4m | £2.8m |
| 31/03/2021 | £2.4m | £2.5m |
Common questions
Is AGE CONCERN IN CORNWALL AND THE ISLES OF SCILLY financially healthy?
The accounts state that the charity reported a net movement in funds of £(215,326) for the year ended 31 March 2024, resulting in total funds decreasing from £3,115,267 to £2,899,941. Per the trustees' report, free reserves of £1,103,986 are slightly below the stated policy target of £1,200,000, which represents three to six months of expenditure. The charity operates a defined contribution pension scheme and holds two subsidiaries, one of which is ceasing trade. Its FY2024 accounts were audited by RRL LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 11/05/2022 | £10k | "Age UK Cornwall's Golden Jubilee Commemorations and Celebrations" |