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2023-03-31-accounts

Registered number: 03777156 Charity number: 1078539

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Company, its Trustees and Advisers 1
Chairman's Statement 2 - 3
Trustees' Report 4 - 9
Independent Auditor's Report on the Financial Statements 10 - 13
Consolidated Statement of Financial Activities 14
Consolidated Balance Sheet 15 - 16
Company Balance Sheet 17 - 18
Consolidated Statement of Cash Flows 19
Notes to the Financial Statements 20 - 37

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Trustees C Liggins
K Redmile
S Featherby
R Castle
L Millington
Cllr C R Oxby
L Holmes (appointed 31 October 2022)
Company registered
number
03777156
Charity registered
number
1078539
Registered office
36 Park Street
Lincoln
LN1 1UQ
Company secretary
M Jolly
Chief executive officer
M Jolly
Independent auditor
Linda Lord (Senior Statutory Auditor)
for and on behalf of Streets Audit LLP
Tower House
Lucy Tower Street
Lincoln
Lincolnshire
LN1 1XW
Bankers
Lloyds Bank
High Street
Lincoln
LN5 7AP

Page 1

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

The chairman presents their statement for the year.

Age UK Lincoln & South Lincolnshire continued to develop and grow during 2022/2023 notwithstanding some unexpected operational challenges, particularly changes in the Senior Team. However, this did not stop the work we had agreed to during 2021/22 which was aimed at ensuring the services delivered by Lincoln and South Lincolnshire were sustainable, accessible across the whole area and of the highest quality.

Following work undertaken post COVID a new and strengthened Executive Management team was established to enable the Chief Executive Officer to spend more time undertaking some key external activities for example, the Third Sector Representative on the Lincolnshire Integrated Care Board and to work as part of the Age England and Age UK National team to re-establish and update the Brand Partner Agreement.

An on-going challenge for the charity is ensuring that people know about the services we deliver and how to get in touch with us. During 2022/23 work commenced to develop a ‘Guide to Services’ which set out, in a very accessible way, details of the services we can provide and how to access them. This has proved to be an extremely popular document with over 10,000 hard copies distributed so far as well as numerous visits to the digital version accessible on our website, and is seen as instrumental in extending the charity’s reach to as many older people as possible. The marketing work has been identified as an on-going priority, with a strengthened Marketing Plan developed.

Key Service Developments

2022/2023 has very much been about strengthening what we already do and supporting new members of the team to become effective in their roles, rather than major new developments. There continues to be examples of just how essential our services are for people.

Below highlights some of the key areas of work during 2022/23, however, it is not an exhaustive list and it is recognised that all parts of the charity have worked really hard to ensure the charity has maintained the success of 2021/22.

Information and Advice – During 2022/23, this service remained a lifeline for many and this area will be a focus for the charity going forward and with this in mind the Board of Trustees agreed additional investment into this service to ensure as many calls as possible can be helped in a timely way. In 2022/23 a total of 2345 calls were received with just over £1,646,834 of previously unclaimed benefits accessed. (1,035 people were supported overall with Information and Advice during 22/23)

The HART Service – This service has been one of the charity’s most successful, long term partnerships with the wider Health and Care system across Lincolnshire. Its aim is to support people to avoid admission to hospital and to enable them to return home as quickly as possible following a hospital stay. During 2022/23 this service supported 1419 people and saved the NHS in the region of £1m in this year alone.

We also developed and delivered a number of other initiatives to support unnecessary hospital admission and discharge which include; Community Connectors, Patient Support Service, Hospital Discharge Home Recovery Scheme, Pathway 0 Telephone Support and Discharge Buddies. It is widely acknowledged that older people are adversely affected by long stays in hospital and so it is a key focus for us to support timely discharges and post discharge support to those that need it.

Following the huge success of the Vaccination Programme across Lincolnshire, in which we played a very significant part, working in partnership with other local charities to provide all of the non-clinical staff and volunteers from the start of the programme in January 2021, the large vaccination centres were stood down, and so our involvement in the programme came to a natural end in December 2022. We are very proud to have supported such an important and historic event to ensure the health and wellbeing of older people who were so severely affected by the pandemic.

Page 2

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Given the success of the charity during COVID the Board were keen to enable the delivery of one of the key strategic aims, namely to support those living with and those caring for people with dementia. During 2022/23 the work to develop the business model for such a service was undertaken and in March the Board of Trustees were able to agree to release the required funding to commence delivery of this service in June 2023.

Marketing and Fund Raising – The role of this team has been recognised by the Trustees as a vital area for the charity and as such invested further in the team during 2022/23, the team have worked hard to develop a wide range of fund-raising activities and a strong marketing approach. As a local independent charity, the support we need from our local community to deliver our much-needed services is ever more crucial. We currently support an average of 5,500 older people each week across all of the services we offer. The cost of living crisis is affecting us all which means our fundraisers have to work extra hard in a very challenging and competitive environment.

As mentioned above, a significant challenge during 2022/23 has been the cost of living crisis and the impact this has had on the charity itself, the staff that we employ and, of course, those using our services.

The Executive and Senior Management team have taken all steps necessary to minimise the risk to the charity of this situation and to try and contain costs as much as possible to try and prevent price increases to our customers. As part of this it was recognised that to ensure we were able to retain and employ high quality staff then the on-going implementation of the Salary Structure was essential.

To this end, and given the on-going strong financial position of the charity the Board, via its Remuneration Committee was able to agree an additional, one-off payment to staff in Autumn 2022, ensure the minimum salary paid was above the National 2022/23 recommendation and apply a 5.45% cost of living increase to be effective from 1st April 2023.

As always, the success of the charity could not have been achieved without the hard work, dedication and expertise shown by our CEO Michele Jolly and the Executive Team, who have worked tirelessly throughout the year. During this year, we said farewell to Brenda Thompson who has taken retirement, Brenda’s replacement has now been secured and will join the team in early Spring 2023.

Finally, I must thank my fellow Trustees. They have, once again proved to be an excellent support to me as Chair and ensured the charity not only survived but flourished during 2022/23. Clearly it will be vital that the Board of Trustees continues to work strongly together as the charity navigates through the on-going challenges presented by the cost of living rises, the increasing demands on our services and the increasing complexities of our customers’ needs.

................................................ C Liggins Date: 20/11/2023

Page 3

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their annual report together with the audited financial statements of the company for the year running from 1 April 2022 to 31 March 2023. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the group and the company qualify as small under section 383 of the Companies Act 2006, the Group Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. VISION AND MISSION

Age UK Lincoln & South Lincolnshire’s Vision and Mission Statement are supported by the Service Objectives. The Trustees have agreed the Service Objectives in order to enable the charity to achieve its objectives for the public benefit to improve the lives of older people who live in and around the City of Lincoln and across South Lincolnshire.

The main beneficiaries of our Service Objectives are people over 50. However, the families of our service users benefit by having the peace of mind in knowing that we are there to offer support in assisting older people living healthier and independent lives. In addition, those who volunteer with us gain valuable work experience and having a sense of being able to put something back into the Community.

Vision

To enable and support people over 50, who live in the Greater Lincoln area and across South Lincolnshire, to lead confident, healthy and independent lives, where they are actively encouraged and able to exercise both choice and control.

This Vision is consistent with our objects in the Memorandum and Articles of Association.

Mission

To promote the well being – healthy and active lifestyles of all older people and to help make later life a fulfilling and enjoyable experience This is within the framework of our Service Objectives, which are to:

Page 4

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Objectives and activities (continued)

age, ethnic origin, disability or religion, in all aspects of our work.

In doing so we develop, with older people and our partners, a joint approach to service design and delivery for the benefit of the community in Greater Lincoln and across South Lincolnshire.

b. PUBLIC BENEFIT

The Trustees have had due regard to the Charity Commission’s guidance on public benefit in deciding what activities the Charity should undertake.

There follows a description of the significant activities undertaken to further Age UK Lincoln & South Lincolnshire’s charitable purposes for the Public Benefit.

c. SIGNIFICANT ACTIVITIES

Vaccination Programme

The Vaccination Programme has been delivered across the UK of which Age UK Lincoln & South Lincolnshire have played a role in delivering it in partnership with organisations from across the Voluntary and Community sector and NHS Lincolnshire. This has been a significant undertaking for Age UK Lincoln & South Lincolnshire but the importance of supporting the vaccination agenda has been recognised in order to return to a safe environment for everyone but especially for the older people Age UK Lincoln & South Lincolnshire serve due to the well documented vulnerability that age and underlying ill health conditions had on those groups.

Supporting Hospital Discharge and Admission Avoidance

Recognising that older people are often left stranded in hospitals for a number of reasons, we have developed several services to ensure we can get older people back to their homes and retain and remain independent.

In addition, to our hugely successful Hospital Avoidance and Response Team Service (HART), we have developed more services to meet this growing demand.

We have developed our Patient Support Service across all hospital sites in Lincolnshire, excluding Grantham. This service supports patients, their families, carers and ward staff by providing support, companionship, daily tasks of living and preparing or planning for their discharge home. In addition, to this, the service connects people with community-based services that help them to retain their independence and avoid returning to hospital wherever possible. This service has become integral to the discharge teams across United Lincolnshire Hospital Trust (ULHT). Other services that we have developed that support discharge are the Hospital Discharge Home Recovery Scheme (HDHRS) which is a pot of funds available to support a person’s discharge who is medically fit but where there are obstacles of a practical nature, such as, new bed, small electrical items, deep cleans and furniture removal. We also have our Community Connectors based at ULHT and integral to social worker teams who are focused on supporting patient discharges, connecting them to services and support that is available in their communities. We also have the Discharge and Support Buddies who can transport people home and resettle them safely into their accommodation, ensuring that everything is in place to enable their recovery.

Page 5

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance

a. KEY ACHIEVEMENTS AND PERFORMANCE AGAINST PRIORITIES IN THE BUSINESS PLAN

Financial review

a. GOING CONCERN

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. RESERVES POLICY

The Board of Trustees conducts an annual review of the level of unrestricted reserves in the general fund by considering risks associated with the various income streams, expenditure plans and balance sheet items. This enables an estimate to be made of the level of reserves which is appropriate for the organisation.

Risk and issues in making this judgement on the level of unrestricted reserves include:

The Trustees aim to maintain unrestricted free reserves (ie in excess of amounts invested in properties) equal to three months of the Charity's general expenditure budget. The trustees complete an annual review of the reserves policy and a quarterly review of the actual reserves levels.

Page 6

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Structure, governance and management

a. CONSTITUTION

Age UK Lincoln and South Lincolnshire is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 26 May 1999, which was subsequently updated on 4 March 2019. The registered charity number is 1078539.

The principal object of the company and the group is to promote the health and well being of all older people.

There have been no changes in the objectives since the last annual report.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the Group and the company is the responsibility of the Trustees who are elected and co opted under the terms of the Memorandum of Association.

New Trustees are recruited and appointed using various methods. These methods include advertising, networking and by making a direct approach to people that might be interested and have necessary skills and experience. Age UK Lincoln & South Lincolnshire's Policies and Procedures in respect of Trustee recruitment and development are thorough and include key elements relating to services and activities, legislation, equal opportunities and diversity.

c. RISK MANAGEMENT

The Trustees have overall responsibility for ensuring that the Charity has appropriate systems of internal controls across the entire organisation of Age UK Lincoln & South Lincolnshire. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The systems of internal control are designed to provide reasonable assurance against material misstatement or loss. Internal control processes implemented by the Trustees include:

The Trustees have in place a formal risk management process to assess and document risks and implement risk management strategies. This process includes review by Trustees, Chief Executive Officer and the Executive Team. The process identifies the types of risks the Charity faces, prioritises them in terms of likelihood of occurrence and potential impact and identifies the means of mitigating these risks. Risk management is embedded in the day to day processes of the Charity.

The Risk Management Plans also aim to safeguard the staff and volunteers, customers and the Charity’s reputation. Age UK Lincoln & South Lincolnshire ensures that staff are trained and properly supported, that there is a Safeguarding Policy in place for older people using the services and that adequate personal, public and professional liability insurance is in operation.

Page 7

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

FUNDS HELD AS CUSTODIAN

Boston Big Local

The charity acts as a locally trusted organisation for the Boston Big Local and held a restricted balance of £35,148 on behalf of Boston Big Local at 31 March 2023. The charity acts as custodian trustee and does not have entitlement to the funds and accordingly they have not been included as income in the charity financial statements.

Age UK Lincoln & South Lincolnshire receive an amount equivalent to 5% of Boston Big Locals grant expenditure. This amount has been included in unrestricted donations for the year as this is for general use within the charity.

INFORMATION ON FUNDRAISING PRACTICES

Our fundraising practices follow the code of fundraising and ensure that:

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United 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 Trustees 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 the company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 8

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Disclosure of information to auditor

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

Auditor

The auditor, Linda Lord (Senior Statutory Auditor), has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees.

Approved by order of the members of the board of Trustees on 20 November 2023 and signed on their behalf by:

C Liggins (Chair of Trustees)

S Featherby (Trustee)

Page 9

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

Opinion

We have audited the financial statements of Age UK Lincoln and South Lincolnshire (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 March 2023 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, 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).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going 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, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the 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.

Page 10

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Trustees are responsible for the other information contained within the Annual Report. 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. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of 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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a 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.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, 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 company or to cease operations, or have no realistic alternative but to do so.

Page 11

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (CONTINUED)

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 Auditor's Report that includes our opinion. 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 arise 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 with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

• we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company and sector in which it operates;

• we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

To address the risk of fraud through management bias and override of controls, we:

• performed physical verification of a sample of the Art Collection to gain assurance over controls in place for asset management of the collection.

• reviewed Trustee meeting minutes for evidence of appropriate decision-making and management controls.

Page 12

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (CONTINUED)

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company'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 company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Linda Lord (Senior Statutory Auditor)

for and on behalf of Streets Audit LLP Tower House Lucy Tower Street Lincoln Lincolnshire LN1 1XW

7 December 2023

Linda Lord (Senior Statutory Auditor) are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 13

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
Investments
5
Total income
Expenditure on:
Raising funds
Charitable activities
6
Total expenditure
Net (expenditure)/income before net
(losses)/gains on investments
Net (losses)/gains on investments
Net (expenditure)/income
Transfers between funds
17
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
85,936
3,189,884
131,332
22,174
3,429,326
-
3,662,868
3,662,868
(233,542)
(27,369)
(260,911)
410,451
149,540
2,900,689
149,540
3,050,229		 Restricted
funds
2023
£
2,523,155
-
-
-
2,523,155
-
2,115,784
2,115,784
407,371
-
407,371
(410,451)
(3,080)
221,368
(3,080)
218,288		 Total
funds
2023
£
2,609,091
3,189,884
131,332
22,174
5,952,481
-
5,778,652
5,778,652
173,829
(27,369)
146,460
-
146,460
3,122,057
146,460
3,268,517		 Total
funds
2022
£
3,437,136
2,525,296
120,286
8,191
6,090,909
53,407
5,516,941
5,570,348
520,561
16,502
537,063
-
537,063
2,584,994
537,063
3,122,057

The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 20 to 37 form part of these financial statements.

Page 14

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee) REGISTERED NUMBER: 03777156

CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2023

Note
Fixed assets
Tangible assets
11
Investments
12
Current assets
Stocks
14
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
Total net assets		 57,429
587,361
1,942,151
2,586,941
(680,457)		 2023
£
838,165
523,868
1,362,033
1,906,484
3,268,517
3,268,517		 29,615
808,601
1,458,879
2,297,095
(585,771)		 2022
£
859,496
551,237
1,410,733
1,711,324
3,122,057
3,122,057

Page 15

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee) REGISTERED NUMBER: 03777156

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023

Note
Charity funds
Restricted funds
17
Unrestricted funds
17
Total funds		 2023
£
218,288
3,050,229
3,268,517		 2022
£
221,368
2,900,689
3,122,057

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 151 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 20 November 2023 and signed on their behalf by:

C Liggins S Featherby (Chair of Trustees) (Trustee)

The notes on pages 20 to 37 form part of these financial statements.

Page 16

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee) REGISTERED NUMBER: 03777156

COMPANY BALANCE SHEET AS AT 31 MARCH 2023

Note
Fixed assets
Tangible assets
11
Investments
12
Current assets
Stocks
14
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
17
Unrestricted funds
17
Total funds		 57,429
587,361
1,942,151
2,586,941
(680,457)		 2023
£
838,165
523,868
1,362,033
1,906,484
3,268,517
3,268,517
194,253
3,074,264
3,268,517		 29,615
844,247
1,455,491
2,329,353
(585,771)		 2022
£
859,496
551,237
1,410,733
1,743,582
3,154,315
3,154,315
221,367
2,932,948
3,154,315

The company's net movement in funds for the year was a surplus of £ 114,201 (2022: £537,601) .

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 151 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

Page 17

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee) REGISTERED NUMBER: 03777156

COMPANY BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023

The financial statements were approved and authorised for issue by the Trustees on 20 November 2023 and signed on their behalf by:

C Liggins S Featherby (Chair of Trustees) (Trustee)

The notes on pages 20 to 37 form part of these financial statements.

Page 18

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Purchase of investments
Net cash provided by/(used in) investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 20 to 37 form part of these financial statements		 2023
£
461,098
22,174
-
-
22,174
-
483,272
1,458,879
1,942,151		 2022
£
333,745
8,191
(23,013)
(200,000)
(214,822)
-
118,923
1,339,956
1,458,879

Page 19

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. General information

The company and the group is registered as a charitable company limited by guarantee. The company is registered in England and Wales. The address of the registered office is 36 Park Street, Lincoln, Lincolnshire, LN1 1UQ.

Age UK Lincoln and South Lincolnshire aims to enable and support people over 50, who live in the Greater Lincoln area and across South Lincolnshire, to lead confident, healthy and independent lives, through offering a vast range of wellbeing opportunities.

These financial statements have been prepared in sterling, which is the functional currency of the entity.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Age UK Lincoln and South Lincolnshire meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements.

Page 20

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.2 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the company, can be reliably measured.

Grants are included in the Consolidated Statement of Financial Activities on a receivable basis. The balance of income received for specific 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, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Consolidated Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited to the Consolidated Statement of Financial Activities as the related expenditure is incurred.

Page 21

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following bases:

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated Statement of Financial Activities.

2.7 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 22

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a finance cost.

2.11 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Pensions

The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year.

2.13 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 Group and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. 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.

Investment income, gains and losses are allocated to the appropriate fund.

Page 23

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

3. Income from grants, donations and legacies

Unrestricted
funds
2023
£
Donations
40,171
Legacies
8,004
Grants
37,761
Government grants
-
Total 2023
85,936
Total 2022
272,544		 Restricted
funds
2023
£
-
-
2,523,155
-
2,523,155
3,164,592		 Total
funds
2023
£
40,171
8,004
2,560,916
-
2,609,091
3,437,136		 Total
funds
2022
£
41,685
40,950
3,324,408
30,093
3,437,136

4. Income from charitable activities

Unrestricted
funds
2023
£
Help in Home
1,406,766
Day Centre Services
140,127
Sundry Income
20,684
Care Services
1,622,307
Total 2023
3,189,884		 Total
funds
2023
£
1,406,766
140,127
20,684
1,622,307
3,189,884		 Total
funds
2022
£
1,316,921
126,605
22,620
1,059,150
2,525,296

Page 24

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

5. Investment income

Unrestricted
funds
2023
£
Rent receivable
9,618
Investment income
12,556
Total 2023
22,174		 Total
funds
2023
£
9,618
12,556
22,174		 Total
funds
2022
£
6,432
1,759
8,191

6. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2023
£
Technical
116,773
Help in the Home
830,446
Day Centre Services
310,894
Community support services
367,267
Care Services
1,700,434
Vaccination Services
148,080
Community Connectors
23,322
Charity shop trading
137,641
Governance and Support Costs
28,011
Total 2023
3,662,868
Total 2022
2,746,917		 Restricted
funds
2023
£
-
560,905
1,273
13,619
423,500
1,036,805
79,682
-
-
2,115,784
2,770,024		 Total
2023
£
116,773
1,391,351
312,167
380,886
2,123,934
1,184,885
103,004
137,641
28,011
5,778,652
5,516,941		 Total
2022
£
86,948
1,218,747
290,230
333,348
1,285,490
2,102,985
87,952
103,074
8,167
5,516,941

Page 25

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7. Analysis of expenditure by activities

Technical
Help in the Home
Day Centre Services
Community support services
Care Services
Vaccination Services
Community Connectors
Charity shop trading
Support and Governance Costs
Total 2023
Total 2022		 Activities
undertaken
directly
2023
£
-
1,235,145
206,068
221,197
1,819,772
1,036,883
79,682
99,732
28,011
4,726,490
4,690,904		 Support
costs
2023
£
116,773
156,206
106,099
159,689
304,162
148,002
23,322
37,909
-
1,052,162
826,037		 Total
funds
2023
£
116,773
1,391,351
312,167
380,886
2,123,934
1,184,885
103,004
137,641
28,011
5,778,652
5,516,941		 Total
funds
2022
£
86,948
1,218,747
290,230
333,348
1,285,490
2,102,985
87,952
103,074
8,167
5,516,941

8. Auditor's remuneration

- The auditor's remuneration amounts to an auditor fee of £6,500 (2022 £4,000) , and accountancy fees of £4,000 ( 2022 - £3,750 ).

9. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes		 Group
2023
£
4,445,366
281,365
107,504
4,834,235		 Group
2022
£
4,441,867
211,928
90,319
4,744,114		 Company
2023
£
4,445,366
281,365
107,504
4,834,235		 Company
2022
£
4,441,867
211,928
90,319
4,744,114

During the prior year a job evaluation plan was finalised and as a result the charity made 4 (2022:4) redundancies. The total amount of the severance payments was £12,371 (2022: £19,053).

Page 26

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

9. Staff costs (continued)

The average number of persons employed by the company during the year was as follows:

Support Service Delivery
Support Service
Day Centre Support
Community Support Services
Management & Support
Care Delivery
Wellbeing Response
Technical Services
Retail
Vaccination Centre
Patient Support Services		 Group
2023
No.
135
12
11
15
22
8
43
6
3
106
28
389		 Group
2022
No.
137
10
22
9
15
8
36
6
2
212
18
475

No employee received remuneration amounting to more than £60,000 in either year.

The key management personnel of the group comprise of the trustees and 4 members of senior staff (2022: 4 Members). The employee benefits of key management personnel in aggregate and not including employer national insurance contributions was £206,360 (2022: £181,387).

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL) .

Page 27

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

11. Tangible fixed assets

Group and Company

Cost or valuation
At 1 April 2022
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
12.
Fixed asset investments
Group and company
Cost or valuation
At 1 April 2022
Revaluations
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 Freehold
property
£
889,157
889,157
71,138
8,888
80,026
809,131
818,019		 Fixtures and
fittings
£
223,401
223,401
181,924
12,443
194,367
29,034
41,477		 Total
£
1,112,558
1,112,558
253,062
21,331
274,393
838,165
859,496
Unlisted
investments
£
551,237
(27,369)
523,868
523,868
551,237

Page 28

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

13. Principal Subsidiaries

Age UK Lincoln and South Lincolnshire Retail Limited

Subsidiary name Age UK Lincoln and South Lincolnshire Retail Limited Company registration number 04825584 Basis of control Operational Control Equity Shareholding % 100% Total assets as at 31 March 2023 £1 Total liabilities as at 31 March 2023 £Nil Total funds as at 31 March 2023 (£1) Gross income for the year ended 31 March 2023 £32,259 Expenditure for the year ended 31 March 2023 £Nil Surplus for the year ended 31 March 2023 £32,259

14. Stocks

Group Group Company Company
2023 2022 2023 2022
£ £ £ £
Raw materials and consumables 57,429 29,615 57,429 29,615

15. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 Group
2023
£
487,102
18,120
82,139
587,361		 Group
2022
£
750,187
-
58,414
808,601		 Company
2023
£
487,102
18,120
82,139
587,361		 Company
2022
£
785,833
-
58,414
844,247

Page 29

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

16. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors and deferred income
Accruals		 Group
2023
£
116,892
69,316
428,809
65,440
680,457		 Group
2022
£
92,771
169,667
144,040
179,293
585,771		 Company
2023
£
116,892
69,316
428,809
65,440
680,457		 Company
2022
£
92,771
169,667
144,040
179,293
585,771

The charity administers grants on behalf of Boston Big Local and in doing so held a balance of £35,148 (2022: £47,190) in a bank account in the charity name at 31 March 2023. The charity do not have entitlement to the funds and as a result these have not been recognised in the financial statements as income, and instead have been included in the other creditors balance above.

Income of £90,778 has been deferred relating to HDHRS, Age UK Lincoln and South Lincolnshire are not strictly entitled to these funds and can only draw down at the point an application is approved, therefore the income is recognised at the point the service has been performed in line with the relevant expenditure.

Page 30

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

17. Statement of funds

Statement of funds - current year

Unrestricted
funds
General Funds
Restricted
funds
Bradbury grant
Improvement at
Park Street
Sundry Grants
Warm and Wise
Pathway Zero
Community
Connectors
Volunteer Visitor
Host
TIF Funding
CTSL
LHP Response
British Red
Cross
Patient Support
Service
Vaccination
Programme
Vaccination
Coordination
Discharge
Buddies
Total of funds		 Balance at 1
April 2022
£
2,900,689
186,000
35,368
-
-
-
-
-
-
-
-
-
-
-
-
-
221,368
3,122,057		 Income
£
3,429,326
-
-
24,912
48,383
43,667
97,500
39,641
38,019
23,322
27,279
120,258
651,000
1,116,553
204,059
88,562
2,523,155
5,952,481		 Expenditure
£
(3,662,868)
(2,000)
(1,080)
(24,912)
(48,383)
(43,667)
(92,497)
(39,641)
(38,019)
(14,226)
(27,279)
120,258
(651,000)
(987,866)
(176,910)
(88,562)
(2,115,784)
(5,778,652)		 Transfers
in/out
£
410,451
-
-
-
-
-
(5,003)
-
-
(9,096)
-
(240,516)
-
(128,687)
(27,149)
-
(410,451)
-		 Gains/
(Losses)
£
(27,369)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(27,369)		 Balance at
31 March
2023
£
3,050,229
184,000
34,288
-
-
-
-
-
-
-
-
-
-
-
-
-
218,288
3,268,517

Page 31

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

17. Statement of funds (continued)

General Funds

General Funds are those funds not designated towards any project in particular and can be used towards any of the charitable objectives.

Bradbury grant

The Bradbury Foundation provided the Charity with a one off capital grant for the sole purpose of the Redevelopment of Park Street. The balance of the fund represents the amortised amount of the grant received. Each year part of the reserve is written back against the depreciation charge.

Improvements at Park Street

These funds represent the amortised amount of grants received to enable the Charity to improve Premises at Park Street. Each year part of the reserve is written back against the depreciation charge.

Sundry Grants

These grants include various restricted immaterial grants which have been fully expended in the year.

Warm and Wise

Advice and support for anyone aged 50+ with home energy giving advice and free energy saving equipment being installed. Give advice and support on energy bills, make sure the customer is registered on the priority service register, advice on the warm home discount, help to maximise income via referrals for grants and benefits. Signposting for any other help.

Pathway Zero

A discharge pathway for patients discharged from hospital into community settings without packages of care. Providing telephone contact within 48 hours of discharge to discuss patients wellbeing and provide signposting and referrals to community based services.

Community Connectors

This service supports people who are taken to or attend A&E for reasons that are not medical. Support is provided via signposting, information and guidance in to other services available in their communities that may be more appropriate and beneficial to them and their well-being, promoting better self-care.

Volunteer Visitor Host

Offering support to Care Homes across Lincolnshire during the pandemic when residents were unable to receive visitors during the two lockdowns. Trained volunteers on site supported family and friends of residents through the infection prevention and Coronavirus testing measures necessary to allow visitors into the home.

TIF Funding

An ‘Activity Club’ offer of 12 weeks of free weekly activities for older people who were not physically active. Sessions were held across our Park Street activity centre and in community venues, an included Tai Chi, Bowls, Yoga and Zumba.

Connect2Support Lincolnshire (CTSL)

The CTSL contract is run in partnership with LCC, it is a library of information aimed to signpost individuals. To increase the awareness across the county, groups and organisations are encouraged to sign up to the CTSL and for a focus on mental health services to be included.

LHP Response

Funding was received for support through the Lincolnshire Housing Partnership. This grant has been spent in full.

Page 32

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

17. Statement of funds (continued)

British Red Cross

Services provides up to six hours free support to help re-settle patients at home following discharge to support their recovery. Tasks completed would include domestic, shopping, taking to appointments and laundry services.

Patient Support Service

Patient Support Service Coordinators provide support to patients on wards within Community Hospitals enabling clinical staff to concentrate on their roles. Coordinators provide many functions which include, one to one non-clinical support, information and advice, discharge support and alleviate loneliness and isolation while visiting has been restricted or if the patient has no relatives or friends who can visit.

Vaccination Programme

Funds received in respect of Vaccination Programme delivered in partnership with organisations from across the Voluntary and Community sector and NHS Lincoln.

Vaccination Coordination

Funds received in respect of Vaccination Programme delivered in partnership with organisations from across the Voluntary and Community sector and NHS Lincoln. Funds specifically for the coordination of personnel at sites across Lincoln & South Lincolnshire.

Strengthening Connections and Building Connections

Funded by the National Lottery Community Fund the strengthening connections programme enables the charity to keep people connected during Lockdowns and beyond. Supporting people to access digital solutions for social activities, financial support and medical appointments.

Vitals for Veterans

Funds received from the Armed Forces Covenant to deliver wellbeing packages to veterans and their families across Lincoln and South Lincolnshire throughout the duration of the pandemic. A transfer has been posted to general reserves to reflect that the balance has been spent from general funds as the activities requested have been delivered.

Underspent restricted funding can be considered fully spent as such has been transferred to general reserves in line with the contract terms where no clawback clauses are in place.

Statement of funds - prior year

Unrestricted
funds
General Funds
Restricted
funds
Bradbury grant		 Balance at
1 April 2021
£
1,852,344
188,000		 Income
£
2,926,317
-		 Expenditure
£
(2,800,324)
(2,000)		 Transfers
in/out
£
905,850
-		 Gains/
(Losses)
£
16,502
-		 Balance at
31 March
2022
£
2,900,689
186,000

Page 33

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

17. Statement of funds (continued)

Statement of funds - prior year (continued)

Improvement at
Park Street
Sundry Grants
Community
Connectors
CTSL
LHP Response
Winter
Pressures
Patient Support
Service
Crisis Response
Team
Vaccination
Programme
Vaccination
Coordination
Strengthening
Connections
Building
Connections
Vitals for
Veterans
Total of funds		 Balance at
1 April 2021
£
36,448
7,570
36,627
75,065
-
121,420
67,628
102,969
53,241
164
19,860
-
23,658
732,650
2,584,994		 Income
£
-
55,308
100,000
36,314
118,209
63,813
300,358
-
2,367,999
100,373
-
22,218
-
3,164,592
6,090,909		 Expenditure
£
(1,080)
(55,308)
(82,087)
(26,624)
(118,209)
(68,930)
(167,514)
-
(2,138,661)
(87,205)
(188)
(22,218)
-
(2,770,024)
(5,570,348)		 Transfers
in/out
£
-
(7,570)
(54,540)
(84,755)
-
(116,303)
(200,472)
(102,969)
(282,579)
(13,332)
(19,672)
-
(23,658)
(905,850)
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
16,502		 Balance at
31 March
2022
£
35,368
-
-
-
-
-
-
-
-
-
-
-
-
221,368
3,122,057

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AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

18. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
April 2022
£
2,900,689
221,368
3,122,057		 Income
£
3,429,326
2,523,155
5,952,481
Income
£
2,926,317
3,164,592
6,090,909		 Expenditure
£
(3,662,868)
(2,115,784)
(5,778,652)
Expenditure
£
(2,800,324)
(2,770,024)
(5,570,348)		 Transfers
in/out
£
410,451
(410,451)
-
Transfers
in/out
£
905,850
(905,850)
-		 Gains/
(Losses)
£
(27,369)
-
(27,369)
Gains/
(Losses)
£
16,502
-
16,502		 Balance at
31 March
2023
£
3,050,229
218,288
3,268,517
Balance at
31 March
2022
£
2,900,689
221,368
3,122,057
Summary of funds - prior year
General funds
Restricted funds		 Balance at
1 April 2021
£
1,852,344
732,650
2,584,994

19. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
838,165
Fixed asset investments
523,868
Current assets
2,368,653
Creditors due within one year
(680,457)
Total
3,050,229		 Restricted
funds
2023
£
-
-
218,288
-
218,288		 Total
funds
2023
£
838,165
523,868
2,586,941
(680,457)
3,268,517

Page 35

AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

19. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
£
638,128
551,237
2,297,095
(585,771)
2,900,689		 Restricted
funds
2022
£
221,368
-
-
-
221,368		 Total
funds
2022
£
859,496
551,237
2,297,095
(585,771)
3,122,057

20. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Gains/(losses) on investments
Dividends, interests and rents from investments
Increase in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities		 Group
2023
£
146,460
21,331
27,369
(22,174)
(27,814)
221,240
94,686
461,098		 Group
2022
£
537,063
20,497
(16,502)
(8,191)
(3,148)
(129,591)
(66,383)
333,745

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AGE UK LINCOLN AND SOUTH LINCOLNSHIRE (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

21. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 Group
2023
£
1,942,151
1,942,151		 Group
2022
£
1,458,879
1,458,879

22. Analysis of changes in net debt

Cash at bank and in hand At 1 April
2022
£
1,458,879
1,458,879		 Cash flows
£
483,272
483,272		 At 31 March
2023
£
1,942,151
1,942,151

23. Pension commitments

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £107,506 (2022: £90,319). Contributions totalling £17,681 (2022: £20,770) were payable to the fund at the balance sheet date and are included in creditors.

24. Operating lease commitments

The Group and the company had no commitments under non-cancellable operating leases at 31 March 2023.

25. Related party transactions

The company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the company at 31 March 2023.

Page 37