**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.
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## **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
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## **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:
- Deliver high quality consistent services, tailored individually [personalised] for each person using the services.
- Offer support, advice and guidance to older people and their families, supporting individuals and carers, helping to relieve stress and improving quality of life.
- Ensure that older people are treated with respect and sensitivity, recognising the dignity and value of each person for whom the service and support is provided.
- Ensure that all services delivered are within a framework of confidentiality, respecting people's rights and observing legislation at all times.
- Support the over 50's in exercising self determination, making choices and fostering independence and a sense of well being through service provision which is provided in a stimulating environment
- Offer services which are flexible and adaptable to meet the needs of each person using the services.
- • Involve and consult with older people about the support provided by Age UK Lincoln & South Lincolnshire. To ensure that the over 50's have an effective voice in the service design, management,delivery, monitoring and continuous improvement of our services.
- Respect the privacy and personal choice of lifestyles, customs, culture, values and spiritual beliefs of each person for whom a service is provided.
- Uphold the principle of equal opportunity regardless of race, gender, marital status, sexual orientation,
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**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.
- Respond to the diverse needs of older people and develop appropriate quality services.
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.
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## **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**
- Effective management and organisational systems.
- Development of strong strategic partnerships with other statutory and voluntary sector organisations.
- Responding to external market conditions and engaging with local commissioners to develop older people’s services.
- Developed our IT systems to become more future-proof and fit for purpose.
- We have developed our charitable and charged for services across our area of benefit.
- During the Covid19 Pandemic and beyond we have remained committed to supporting older people in our area. We have adapted our services to ensure that they could continue to be delivered safely and also become involved with and created new projects and services to respond to the changing needs within our area. The Board of Trustees have reacted accordingly and as necessary, changing the method and frequency of meetings and provided additional support as needed.
## **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.
- To allow time for re organisation in the event of a downturn in income or asset values;
- To protect ongoing work programmes; and
- To allow the Charity to meet its objectives.
Risk and issues in making this judgement on the level of unrestricted reserves include:
- Over dependence on any single source of income;
- Likelihood of a downturn in income streams;
- Period of time required to downsize the Charity operations;
- Whether there is adequate control over budgets;
- Potential decrease in the value of the investment portfolio; and
- Requirements for a reasonable level of working capital.
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.
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## **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:
- Assurance to donors and beneficiaries that there are appropriate systems in place to ensure that the resources of the Charity are effectively allocated and utilised. resources of the Charity are effectively allocated and utilised.
- A strategic plan and an annual budget approved by the Trustees.
- Regular consideration by the Trustees of financial results, variances from budgets, forecasts, and performance indicators.
- Delegation of authority and segregation of duties.
- Identification and management of risk.
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.
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**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:
- Fundraising complies with required legislation at all times.
- All data protection requirements are fully implemented.
- Information supplied is both clear and accurate.
- We always operate in a clear, honest and respectful way.
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
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.
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## **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:
- so far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditor is unaware, and
- that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditor is aware of that information.
## **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)
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## **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:
- give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31 March 2023 and of the Group's incoming resources and application of resources, including its income and expenditure for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **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.
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## **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:
- the information given in the Trustees' Report is inconsistent in any material respect with the financial statements; or
- the parent charitable company has not kept sufficient accounting records; or
- the parent charitable company financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **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.
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## **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
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
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
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 2 were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
• 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.
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## **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:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators and the company’s legal advisors.
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:
- Freehold property 1 % straight line - Fixtures and fittings 10% - 50% straight line
## **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_|
Page 34
## **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_|
|---|---|---|
Page 36
## **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