Registered number: 03777156 Charity number: 1078539 AGE UK LINCOLNSHIRE (Formerly known as AGE UK LINCOLN AND SOUTH LINCOLNSHIRE) (A Company Limited by Guarantea) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
AGE UK UNCOLNSHIRE (A Company Llmited by Guarantee) CONTENTS Page Ref8rence and Admlnlstratlve Detalls of the Charity. its Trustees and Advisers Chairman's Statement Trustees. Report Independent Audltor's Report on the Flnancial Statements Statement of Financlal Activlties Balance Sheet 10-13 14 15 Statement of Cash Flows Notes to the Financlal Statements 16 17-34
AGE UK LINCOLNSHIRE (A Company Limlted by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees C Liggins, Chair K Redmile S Featherby R Castle (resigned 24 March 2025) L Millington C R Oxby (resigned 20 January 2025) L Holmes (resigned 1 June 2025) D Steel, Treasurer (appointed 19 June 2025) Company registered number 03777158 Charlty roglstered number 1078539 Reglstered office 36 Park Street Lincoln LN11UQ Company secretary M Jolly Chlef executlve officer M Jolly Independent audltor Linda Lord (Senior Statutory Auditor) for and on behalf of Streets Audit LLP Tower House Lucy Tower Street Lincoln Lincolnshire LN11XW Bankers Lloyds Bank High Street Lincoln LN5 7AP Page 1
AGE UK LINCOLNSHIRE (A Company Limited by Guarantee) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 The chaiman presents their statement for the year. 202412025 has been a more challenging year for Age UK Lincolnshire as the impact of the on-going cost of living pressures continued and the changing external landscape, particularly for the Public Sector, increased the level of risk to maintaining and securing contracted work and this will be an on-going risk for the Organisation. While general inflation had begun to ease during the year, costs for essentials such as food, energy and utilili8s remained high, continuing to put pressure on both hou',3ehold finances and the Organisation's operating costs. Demand for our services rose as more older people sought support in managing day-lo-day living expenses, at the same time as local authorlties were constrained by tight budgets and unable to expand provision. This left significant gaps in statutory services that we were asked, and chose, to fill. In this context, Trustees approved a 4 % pay award for staff. This was an important step in supporting colleagues through ongoing cost of living pressures and in ensuring the Organisation could continue to attract and retain skilled people in a competitive employment market. The Charity also took the decision to Continue to fund and deliver a countywide dementia service, responding to a critical need for early intervention and support where local statutory services were not in 8 Position to provide assistance prior to a diagnosis. Both decisions represented a commitment to protecting service quality 8nd staff wellbeing, even as financial pre5sur6S increased. The more challenging situation also resulted in the pragmatic agreement of a deficit budget for 2024125, which had been something The Board had very much hoped to avoid for this year. Despite this difficult situation the team, as always, has continued to work hard to ensure local people have been able to access the services we deliver and know how to get in touch with us. This is vit81 to realising one of our main strategic aims of ensuring that our services are available to people across the area. During 202412025 over 13,000 people have been supported by our services, an increase of 40h from last year, and we have had customer contact of over 136,000, an 8 /0 increase on last year. The Trustees continue lo be impressed and grateful for the dedication and commitment the whole Age UK team demonstrated during 2024125 to ensure older people across Lincoln and South Lincolnshire can continue to receive the advice, support and care they need. Below recognises some of the key services and the work they have done this year for older p8opIe'. Infomiation and Advice - This service remains at the heart of what we do and ensures we are able to provide people with the best possible information and advice tailored to their needs. During 2024125 we enabled: £1.15m of benefits to be claimed that otheiSe would have been lost. £76,900 was used to ensure 95 people were supported in their own homes. £84,700 supported 416 to live more easily in their own homes. 82 veterans were supported with benefits checks and advice. The HART Service This service continues to be one of the Organisations 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 homÉ* as quickly as possible following a hospital stay. During 2024125 the service ensured over 10,000 bed days were saved and over 1,000 admissions avoided - this equated to over £5m savings for the local health & care system. The Dementia Service '[ Forgev - continued to be funded by the Organisation and continues to be a valuable service to many. During 2024125 this service supported almost 400 people either living with dementia. their carers or health care prnfessinnals Whi18t this 18 8p.pn aq 8 Vltal SprVi ar.rnss thp Health and Care system, it has not been possible to secure system funding for this service which puts the continuation of the service under significant risk given the increasingly challenging financial situation. Page 2
AGE UK LINCOLNSHIRE (A Company Limlted by Guarantee) CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Care Services - As anticipated this service has seen signfficant groW(h, with an average of 33 people supported each month, as the team worked hard to develop the personal care service. They delivered 11,500 visits, a 41°/ts increase on 2023124 and charged for 8,400 hours of care, an increase of 500/0. Activity Groups & Volunteerlng These Imto aspects of the organisation add real value to what we deliver and how we deliver services to older people across the patch. Every month in the region of 1,000 people attend an activity and whilst Lincoln remains the main centre, real effort has been rnade to ensure more access in the South of the County in particular. To support our work, we have a team of amazing volunteers, on average 177, 80/0 more than 2023124, these individuals are invaluable to us and ensure more people ,."an be supported. Looking ahead. the most significant challenge is the sharp rise in Employers, National Insurance contributions, which will add more than £150k in costs from April 2025. This comes on top of wider cost pressures, meaning the Organisation must continue to balance financial resilience with its commitment to delivering services for older people. In preparing the 2025126 budget, the Board and Executive Team have taken prudent steps to manage expenditure carefully. This has included reviewing support services and making changes to ensure resources are directed where they are most needed. While these decisions have not been easy, they reflect the Organisalion's determination to prioritise front-line delivery and protect the services that have the greatest impact across Lincoln and South Lincolnshire. As always, the success of the Organisation could not have been achieved without the hard work, dedication and expertise shown by our CEO Michele Jolly and the Executive Team. Following significant change within the Executive Team towards the end of 2023124, it has been pleasing to see a high performing team emerge during this year which has given the Trustees confidence that everything possible is being done to ensure the Organisation develops and thrives into the future, nolthstandIng the increasingly challenging environment in which we operate. Finally, I must thank my fellow Trustees they have, once again proved to be an excellent support to me a8 Chair and the Executive Team as we all work together to ensure the ongoing success of Age UK Lincolnshire. C Liggins Date.. Page 3
AGE UK LINCOLNSHIRE {A Company Limtted by Guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the audited financial statements of the Charity for the year running from 1 April 2024 to 31 March 2025. 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 Charty qualifies ss small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. ObJectlve8 and activltles . VISION AND MISSION Age UK 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 maln 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. Vlsion 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. Misslon To promote the well being, healthy and active lifestyles of all older people and to help make later lrfe 8 fulfilling and enjoyable experience This is within the framework of our Service Objectives, which are to.. Deliver high qu81ity consistent seNices. T8ilored individually [personalisedJ 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 wilh respect and sensitivtty, recognising the dignity and value of each person for whom the seNice and support is provided. Ensure that all service5 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 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 thp 8prvir.p8 Involve and consult with older people about the support provided by Age UK 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 lrfestyles, customs, culture, values and spiritual beliefs of each person for whom a service is provided. Page 4
AGE UK LINCOLNSHIRE (A Company Llmited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Objectives and activitles (continued) Uphold the principle of equal opportunity regardless of race, gender, marital status, sexual orientation, age, ethnic origin, disability or religion, in all aspects of our work., and Respond to the diverse needs of older people and develop appropriate quality services. In dolng 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 Lincolnshire's charit8ble purposes for the Public Benefrt. c. SIGNIFICANT ACTIVITIES l Forget Dementla Support Service Recognising there was a gap in seNice delivery for people living with dementia and their friends and family the Board of Trustees approved the funding of the l Forget service from our own reserves. Co-produced with people living with dementia and their loved ones, the service aims to provide practical support and solutions to issues faced by those affected by dementia, ranging from an advice line, emotional support, practic81 support, activity groups and accompanying people to other medical and social care appointments. Advance care planning is another area of support offered and can provide a great deal of comfort for people, knowing their affairs are in order and that their wishes will be central to any decisions made about their care in the future. In addition, there is no need to have a formal diagnosis of dementia in order to access our service. The Servi is also open to other professionals who are seeking advice and guidance in all areas regarding dementia or mild cognitive impairment which enables them to provide 9reater assistance to those they are supporting. Supporting Hospital Discharge and Admisslon Avoldance 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 or avoid an unnecessary admission. In addition, to our hugely successful Hospital Avoidance and Response Team Service (HART), we have developed more services to meet this growing demand. Our discharge model consists of several services which are Community Connectors, Discharge Buddies, Hospital Discharge Home Recovery Scheme {HDHRS) and Community Based Home Recovery Scheme. These services SLJPPOrt patients, their families, carers and ward staff by providing support, coordination and practical assistance with discharges home. In addition to this, the services connect people with community based services that help them to retain their Independen and avoid returning to hospital wherever possible. These services have become integral to the discharge teams across United Lincolnshire Hospital Trust (ULHT)- Page 5
AGE UK LINCOLNSHIRE (A Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 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. Continued development of our digital systems to become more future proof and fit for purpose. We have developed our charitable and charged for services across our area of benefit. Developed a dementia support service. Worked in partnership with Age UK Lindsey to expand Home Support and Gardening services across East and West Lindsey to support more older people in need of these services to remain independent at home. Flnancial revlew . GOING CONCERN After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable futLJre. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be found in the accounting policies. b. RESERVES POLICY The Board of Truslees 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 th8 organisation. 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 Trustee5 complete an annual review of the reserves policy and a quarterly review of the actual reserves levels. Total funds held by the charity at the year end amounted to £2,977,640 (2024: £3,071,699) of which Unrestricted funds which are available for general usage by the charity amounted to £2,587,760 (2024.. £2,768,430), Restricted funds that are not available for general purposes of the Charity at the year end amounted to £389,8800 (2024.. 303,269). The Trustees have conducted their annual review of the reserves policy and wish to retain free reserves. which are unrestricted funds not invested in fixed assets, funds designated for a specific purpose or otherwise committed within the range of two to three months of operating Costs in seNice areas that are not already covereA by Contracted earned income, that is a range of £850,000 to £1,275,000. At the year end free reserves were £1,971,553 (2024: 2,257,764). The Charity supports many vulnerable beneficiaries as well as employing permanent staff and in the event of a failure of funding the Charity would want to meet all obligations in this regard. The diversily of the Charity's income streams, and the level on insurance cover held have been factors in arriving at the level of reserves the trustees deem to be necessary. The Trustees have recognised that whilst free reserves are currently above this range, given increasing cost pressures and increased uncertainty of funding the Trustees are satisfi1 with this overall position. Page 6
AGE UK LINCOLNSHIRE (A Company Limited by Guarante8) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure. governanco and management a. CONSTITUTION Age UK 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 and again on 22 May 2023. The registered charity number is 1078539. The principal object of the Charity is to promote the health and well being of all older people. There have been no changes in the objectives since the last snnual report. b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the Charity 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, nelNorking and by making a direct approach to people that might be interested and have the necessary skills and experience. Age UK Lincolnshire's Policies and Procedures in respect of Trustee recrullment and development are thorough and include key elements felating to seNices and aclivities, legislation, equal opportunities and diversiiy. c. RISK MANAGEMENT The Trustees have overall responsibility for ensurlng that the Charity has appropriate systems of internal controls across the entire organisation of Age UK 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 8gainst material rnisstatement 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. A strategic plan and an annual budget approved by the Trustees. Regular consideration by the Trustees of financial resutts, 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, priorilises 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 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 LINCOLNSHIRE IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 FUNDS HELD AS CUSTODIAN Boston Big Local The charity acts as a locally trusted organisation for the Boston Big Local and held a restricted bank balance of £Nil on behalf of Boston Big Local at 31 March 2025. 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 charrty financial statements. All monies were paid out by September 2024 and the fund has now finished. Age UK Lincolnshire receive an amount equivalent to 50A of Boston Big Locals grant expenditure. This amount h8s been included in unrestricted donation5 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 Trusteos. r8sponsibllities The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustee5' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practice). Company law requires the Trustee5 to prepare financial ststements 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 Charity and of its incoming resources and 8pplication of resources, including its 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., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting record5 that are sufficient to show and explain the Charitls transactions and disclose wilh reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding Ihe assets of the Charty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 8
AGE UK LINCOLNSHIRE {A Company Llmited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Dlsclosure of Inforniation to audltor Each of the persons who are Trustees at the time when this Trustees, Report is approved has confimed that: so far as that Trustee is aware, there is no relevant audit information of which the charitls auditor is unaware, and that Trustee has taken all the steps that ought to have been tsken as a Trustee in order to be aware of any relevant audit information and to establish that the charivs auditor is aware of that infomiation. Auditor The auditor, Streets Audit LLP, has indicated their 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 18 September 2025 and signed on their behalf by: C Liggins (Chair of Trus D Steel (Treasurer) Page 9
AGE UK LINCOLNSHIRE IA Company Llmited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AGE UK LINCOLNSHIRE Opinlon We have audited the financial statements of Age UK Lincolnshire (the 'charitable company,) for the year ended 31 March 2025 which comprise the Statement of Finan(:ial Activities, the Balance Sheet, the 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 Generalty Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its 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 Pr8ctice,' and have been prepared in accordance with the requirements of the Charities Act 2011. Basls for opinion We conducted our audit in accordance with International Standards on Auditing {UKI {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 charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the Uniled 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. Concliisions relatlng to golng 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 UnrtaIntieS relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least e1ve 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 LINCOLNSHIRE IA Company Limlted by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AGE UK LINCOLNSHIRE {CONTINUED Other information The other information comprises the information included in the Annual Report other than the financial statements and our Auditorfs Report thereon. The Trustees are responsible for the other informalion conlained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otheiSe explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other infomiation 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 apparenl 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 thal there is a material misstatement of this other information, we are required to report thst fact. We have nothing to report in this regard. Matters on whlch we are requlred 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 infomiation given in the Trustees, R8POrt is inconsistent in any material respect with the financial statements; or sufficient accounting records have not been kept., or the 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 delemine 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 charitable Companls abilty 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 charitable company or to cease operations, or have no realistic alternative but to do so. Page11
AGE UK LINCOLNSHIRE IA Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AGE UK LINCOLNSHIRE {CONTINUED) Audltorfs responslbilitles for the audit of the financlal statements We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect ther8under. 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 8 material misstatement when it exists. Misstatements can arise from fraud or error 8nd 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 wilh 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 identfying and assessing the risks of material misstatement in respect of irregularities, including fraud and nonwcompliance 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 charitable company through discussions with directors and other management, and from our commercial knowledge and experience of the charitable 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 charitable company, including the Companies Act 2006, the Charities Act 2011, taxation legislalion, 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 susceptibilty of the charitable company's financial statements to material misststement, 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-complian 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 joumal entries to identiFy unusual transactions-, assess wl)vlligi judgerlients and assumptions made In determlnlng the accounting estimates set out in Note 2 were indicative of potential bias- investigated the rationale behind significant or unusual transactions; and reviewed Trustee meeting minutes for evidence of appropriate decision-making and management controls. Page 12
AGE UK LINCOLNSHIRE (A Company Limited by Guarantee INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AGE UK 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 govemance; and enquiring of management as to actual and potential litigation and claims. 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 15 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, rf 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 financbal statements is located on the Financial Reporting Council's website at: .frC.Or .uklauditorsres onsibilities. This description forms part of our Auditols Report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Part 4 of the Charities (Accounts and Reports} Regulations 2008. Ouir audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's Report and for no olher purpose. To the fullest extent permitted by law, we do not accept or assume responsibllity to anyone other than the charitable company and ils members, as a body, for our audit work, for this report, or for the opinions we have formed. Linda Lord Isenlor Statutory Auditor) for and on behalf of Streets Audit LLP Tower House Lucy Tower Street Lincoln Lincolnshire LN11XW Date: 2111112025 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 LINCOLNSHIRE IA Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Tot81 funds 2024 Note Income from: Grants, donations and legacies Charitable activities Other trading activities Investments 389,588 3.838,559 180,312 41,578 602,679 992,267 3,838,559 180,312 41,578 936,550 3,331,454 168, 790 43, 130 Total income 4,450,037 602,679 5,052,716 4,479,924 Expenditure on: Raising funds Charitable activities 45,621 4,607,433 45,621 5,123,501 38, 860 4.711,250 516,068 Total expendlture 4,663.054 516,068 5,169,122 4,750, 110 Net (expenditure)lincome befor8 net galns on investments Net gains on investments {203,017) 22,347 86,611 (116,406> 22,347 (270, 186) T3, 368 Net movement In funds (180,670 86,611 (94,059) (196,818) Roconclllatlon of funds: Total funds brought forward Net movement in funds 2,768.430 (180,670 303,269 86,611 3,071,699 (94,059) 3,268,517 (196,818) Total funds carried forward 2,587,760 389,880 2,977,640 3,071, 699 The Statement of Financial Activities includes all gains and losses recognised in the year. The note5 on pages 17 to 34 form part of these financi81 statements. Page 14
AGE UK LINCOLNSHIRE (A Company Limited by Guarantee) REGISTERED NUMBER: 03777156 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Not8 Flxed assets Tangible assets Investrnents 1,006,087 617.410 813,935 597,236 12 1,623,497 1,411,171 Current assets Stocks Debtors C8sh at bank and in hand 14 15 82, 799 667,370 1,205, 761 464,209 1,166,328 1,620,537 1, 955,930 Creditors: amounts falling due within one year 16 1266,394) (295,402) Net current assets 1,354,143 1,660,528 Total assets less current liabllitles 2.977,640 3,071,699 Total nat assets 2,977,640 3,071,699 Charity funds Restricted funds Unrestricted funds 17 17 389,880 2,587,760 303, 269 2, 768,430 Total funds 2,977,640 3,071,699 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 ststements have been prepad 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 18 September 2025 and signed on their behalf by= C Ligglns (Chair of Trustees) The notes on pages 17 to 34 form part of these financial statements. D Steel (Treasurer) Page 15
AGE UK LINCOLNSHIRE IA Company Llmited by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operatlng actlvities Net cash used in operating activities 190,961) (784,520) Cash flows from investing activiti88 Dividends, interests and rents from invastments Proceeds from the sale of tangible fixed assets 41,528 43, 130 5,000 Not cash provlded by Investlng actlvltles 41,528 48,130 Cash flows from flnancing actlvitl88 Net cash provided by flnanclng actlvltles Change in cash and cash equlvalents in the year Cash and cash equivalents at the beginning of the year (49.433) 1736.390) 1.205,761 1.942, 151 Cash and cash equlvalents at the end of the year 1,156,328 1,205, 761 The noles on pages 17 to 34 form part of these financial statements Page 16
AGE UK LINCOLNSHIRE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General information The Charity 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 Lincolnshire aims to enable and support people over 50, who live in the Greater Lincoln area and across South Lincolnshire, to lead confident, heatthy and independent lives, through offering a vast range of wellbeing opportunities. These financi81 statements have been prepared in sterling, which is the functional currency of the entity. Accounting policles 2.1 Bas18 of proparatlon of flnancial statemants The financial statements have been prepared in accordan 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 Stsndard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Age UK 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. 2.2 Going concern The Trustees have assessed the Charity's financial position, including its reserves, cash flow forecasts and future funding commitments, and consider that there 8re no material uncertainties that cast significant doubt on the charity's ability to continue as a going concern. Accordingly, the financial statements have been prepared on a going concern basis in accordance with the Charities SORP (FRS 102). The Trustees believe the Charity has adequate resources to continue in operational existence for the foreseeable future. Page 17
AGE UK LINCOLNSHIRE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcies Icontlnued) 2.3 Income All income is recognised once the Charity 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 probabilty of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlemenl lo a legacy exists when the Charity has sufficient evidence that a gift has been left to them and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Recelpt 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 Charity, can be reliably measured. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specrfic 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. Donations are recognised when the Charity has entitlement to the income, receipt is probable, and the amount can be measured reliably. They are included as income in the perlod in which they are received. Income from charitable activities and other trading activities is recognised when the Charity has entitlement to the income, receipt is probable, and the amount can be measured reliably. It is accounted for on an accruals basis and reflects the value of services provided. Page 18
AGE UK LINCOLNSHIRE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles (continued) 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, 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 costs are allocated based on a percentage of time spent and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable Irading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charitls objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Tangible fixed assets and depreciatlon Tangible fixed assets costing £1,000 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 condltion should be included in the measurement of cost. At each reporting date the Ch8rity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is detemiined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. 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 propety 1 '/0 Straight line Fixtures and fittings 15°/0 - 330/0 Straight line Tunstall goods 12.5°/o Straight line The assets. residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Page 19
AGE UK LINCOLNSHIRE (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles (contlnued) 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 me8sured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Losses) on investments, in the Statement of Financial Activities. Investments in subsidiaries are valued at cost less provision for impairment. 2.7 Stocks Stocks are valued 8t the lower of cost and net realisable value after making du6 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-temi highly liquid investments with a short maturty of three months or less from the date of acquisition or opening of the deposlt or similar account. 2.10 Llabilities and provlslons Li8bilities 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 Charity 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 Statement of Financial Activities as a finance cost. 2.11 Financlal instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially rec(y3nised 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 Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. Page 20
AGE UK LINCOLNSHIRE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies (contlnued) 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 Charity 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 Charity 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. Income from grants, donatlons and legacles Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Donations Legacies Grants 38,110 5,411 346,087 38,110 5,411 948,746 47,571 32, 204 856, 775 602,679 Total 2025 389,588 602,679 992,267 936,550 Tot812024 312,283 624, 267 936, 550 Income from charitable activities Unrestricted funds 2025 Total funds 2025 Total funds 2024 He5p in Home Day Centre Services Sundry Income Care Services 1,650,348 127,446 25,020 2,035,745 1,650,348 127,446 25,020 2,035,745 1.551,450 122, 702 26, 728 1,630,574 Total 2025 3,838.559 3,838.559 3,331,454 Page 21
AGE UK LINCOLNSHIRE (A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Investment income Unrestrlcted funds 2025 Total funds 2025 Total funds 2024 Rent receivable Investment income 13,227 28,351 13,227 28,351 9,525 33, 605 Total 2025 41,578 41,578 43, 130 Analysls of expenditure on charitable activltles Summary by fund type Unrestricted Restricted funds funds 2025 2025 Total 2025 Total 2024 Technical Help in the home Day centra services Community support services I forget Care services Community connectors Charity shop trading 128,021 1,355,768 231,198 444,582 154,710 2,110,720 43,334 139.100 128,021 1,537.990 331,198 553,010 154,710 2,110,720 168,752 139,100 101,860 1,477, 758 313,400 536,453 140, 127 1.870,088 155,Q14 116,550 182,222 100,000 108,428 125,418 Total 2025 4,607,433 516,068 5,123,501 4, 711,250 Total 2024 4, 171,964 539, 286 4, 711,250 Page 22
AGE UK LINCOLNSHIRE {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2025 Analysls of expendltur8 by activities Activities undertaken dlrectly 2025 Support costs 2025 Total fvnds 2026 Total funds 2024 Technic81 Help in the home Day centre services Community support services I forget Care services Community connectors Charity shop trading 128,021 75,955 113,261 254,372 128,021 1,537,990 331,198 553,010 154.710 2,110,720 168,752 139,100 101,860 1,477,758 313,400 536,453 140, 127 1, 870,088 155,014 116,550 1,462,035 217,937 298,638 154,710 1,593,756 125,418 139,100 516,964 43,334 Total 2026 3,991,594 1,131,907 5,123,501 4,711,250 Total 2024 3.666,254 1,044,996 4, 711.250 Page 23
AGE UK LINCOLNSHIRE {A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysis of expenditure by activltles (continued) Analysls of support costs Total funds 2025 Tot81 funds 2024 Staff cost8 Depreciation Rates & water Insurance Light & heat Telephone Postage & stationery Advertising Sundries Repairs & maintenance Information technology Legal and Professional Staff travel Staff training Governance costs 799,235 13,679 15,714 21,276 30,079 20,303 26.864 10,305 25,646 19,959 23,192 82,829 15,629 14,021 13,176 709,233 20.222 8,646 21,393 24, 000 22,484 17,782 3.544 17,396 39,238 23, 729 85,541 15,258 24, 180 12,350 1,131,907 1,044,996 Audltor's romuneratlon The auditovs remuneration amounts to an auditor fee of £6,500 (2024 - £6, 500), and accountsncy fees of £4,000 (2024 - £4,000). Page 24
(A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Staff costs 2025 2024 Wages and salaries Social security costs Contribution to defined contribution pension schemes 3,997,684 286,110 106,975 3,567,436 249,945 93,083 4,390,769 3,910,464 During the prior year a job evaluation plan was finalised and as a result the charity made 3 (2024.1) redundancies. The total amount of the Severan payments was £16,398 (2024: £9,269). The average number of persons employed by the Charity during the year was as follows: 2025 No. 2024 No. Support Service Delivery Support Service Day Centre Support Community Support Services Management & Support Care Delivery Wellbeing Response Technical Services Retail l Forget 123 11 12 14 25 14 42 11 137 13 12 12 25 11 44 261 272 The number of employees whose employe8 benefits (excluding employer pension costs) exceeded £60,000 was.. 2025 No. 2024 No. In the band £60,001- £70,000 In the band £70,001- £80,000 The key management personnel are considered to be the senior leadership team. The total amount of employee benefits (including employer pension and national insurance contributions) received by key management personnel for their services was £347,053 (2024.. £293,663). Page 25
IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. Trustees, remuneration and expenses During the year, no Trustees received any remuneration or other benefrts (2024 - £NIL). During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL). 11. Tangible red assets Freehold Fixtures and property fittings Tunstall goods Total Cost or valuatlon At 1 April 2024 Additions 889.157 214,527 1,103,684 283,850 283.850 At 31 March 2025 889,1 $7 214,S27 283,850 1,387,534 D•preclatlon At 1 April 2024 Charge for the year 88,917 8,892 200.832 5,265 289.749 91,698 77,541 At 31 March 2025 97,809 206,097 77,541 381,447 Net book value At 31 March 2025 791,348 206,309 1,006,087 At 31 March 2024 800, 240 13,695 813,935 A change in accounting policy in the current year has resulted in Tunstall goods being transferred from stock to fixed assets. These represent telecare equipment used for Help in the home services. Page 26
AGE UK LINCOLNSHIRE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Fixed asset investments Listed Investments Cost or valuation At 1 April 2024 Revaluations 597,236 20.174 At 31 March 2025 617.410 Net book value At 31 March 2025 617,410 At 31 M8rch 2024 597, 236 13. Princlpal Subsidlaries Age UK Lincoln and South Llncolnshlre Retail Limlted Age UK Lincoln and South Lincolnshire Retsil Limited 04825584 Operational Control Subsidiary name Company registration number Basis of control Equity Shareholding O Totsl assets as at 31 M8rch 2025 Total liabilities as at 31 March 2025 Total funds as at 31 March 2025 £1 £Nil £1 Gross income for the year ended 31 March 2025 £Nil Expenditure for the year ended 31 March 2025 £Nil Surplus for the year ended 31 March 2025 £Nil Consolidated accounts have not been prepared on the basis that the subsidiary is immaterial. 14. Stocks 2025 2024 Raw materials and consumables 82, 799 Page 27
AGE UK LINCOLNSHIRE (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 15. Debtors 2025 2024 Due wlthin one year Trade debtors Other debtors Prepayments and accrued income 299,674 5.197 159,338 457,647 209, 723 464,209 667,370 16. Credltors: Amounts falling due withln one year 2025 2024 Trade creditors Other taxation and social security Other creditors Accruals and deferred income 3,113 55,965 835 206,481 73, 140 62,309 46.651 113.302 266,394 295,402 The Charity administers granls on behalf of Boston Big Local and in doing so held a balance of £Nil (2024.. £45,821) in a bank account in the charity name at 31 March 2025. The Charity does not have entitlement to the funds and as a resuli these have not been recognised in the financi81 statements as income, and Instead have been historically included in the other cr8ditors balance above. All monies were paid out by September 2024 and the fund has now finished. 2025 2024 Deferred income at 1 April 2024 Resources deferred during the year Amounts released from previous periods 72,377 386,615 129,526 72,377 172,377) (386,615) 129,526 72,377 Deferred income carried forward relates to grant income received in advance. Page 28
AGE UK LINCOLNSHIRE IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Statement of funds statement of funds - current year Balance at 31 March 2025 Balance at 1 Aprll 2024 Gainsl (Losses) Income Expendlture Unrestricted funds General Funds 2,768.430 4.450,037 14,653,054) 22,347 2,587,760 Restrlcted funds Bradbury grant Improvement at Park Street Wami and Wise Communty Connectors CTSL Patient Support Service Discharge Buddies UKSPF Fund Pathway Zero Digitsl Champion 182,000 33,208 22.296 18,899 19.535 27,331 12,000) (1,080) (4.863 (125.418 (45,247) 180,000 32,128 29,811 60,165 28.445 27,331 12,378 166,684 54,157 174,279 100,000 23,181 72,000 (174,279 1100,000) (23.181) (40,000) 32,000 303,269 602,679 1516,068) 389,880 Totsl of funds 3.071,699 5,052,716 {5.169,122) 22,347 2,977,640 Page 29
AGE UK LINCOLNSHIRE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Statement of funds (contlnued) Unrestrlcted Funds General Funds General Funds are those funds not designated towards any project in particular and can be used towards any of the charrtable objectiV8S. Restricted Funds 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 Charty to improve Premises at Park Street. E8ch year part of the reserve is written back against the depreciation charge. Wami 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 Ihe wami home discount, help to maximise income via referrals for grants and benefits. Signposting for any other help. Community Connectorg This service supports people who are taken to or attend A&E for reasons that are not medical. Support is provided via signposting, infomiation and guidance in to other services available in their communities that may be more sppropriate and beneficial to them and their well-being, promoting better self-care. Connect2Support Llncolnshlre {CTSL The CTSL contract is run in partnership with LCC, it 18 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 fcrus on mental health services to be included. 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 8dvice, discharge support and alleviate lonelines5 and isolation while visiting has been restricted or rf the patient has no relatives or friends who can visit. Dischary8 Buddies Funding received to allow trained and experienced staff to collecl patients from hospital and ensure they are settled back into their home and that their surroundings are comfortable, they have food available and the heating is on. Shopping, prescriptions and pensions can be collected as part of this support and resettlement service. UKSPF Fund The UK Shared Prosperity Fund (UKSPF) Provides government funding for local invp%tmp.nt tn 8iipport economlc gr0h, promote opportunities and build pride in communities. This has been achieved through group activities, befriending. providing advice on cost of living and energy provision. Pathway Zero Page 30
AGE UK LINCOLNSHIRE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Stat8inent of funds (contlnued) 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. Digtial Champion Digital Champions is a project to inspire older people to get more confident with technology through group and one to one sessions and the short term loan of equipment. 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 B818ncg 8t 31 M8rch 2024 Balance at 1 Apnl 2023 Gains/ (Losses) Incomg Expenditure Unrestricted funds General Funds 3, 050,229 3,855, 657 (4,210,824) 73,368 2, 768,430 Restrlcted funds Bradbury grant Improvement at Park Street Community Connectors CTSL Patient Support Service Warm and Wise Pathway Zero Discharge Buddies 184,000 34, 288 (2,000) (1,080) (109,953) (45,393) (81, 169) (57, 920) (70,302) (171,469) 182, 000 33,208 18,899 19,535 27.331 22, 296 128,852 64,928 108,500 80,216 70,302 17q,469 218,288 624.267 (539,286) 303,269 Total of funds 3,268,517 4,479, 924 (4.7, IqQ) 73.368 3,071,699 Page 31
AGE UK LINCOLNSHIRE IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18. Summary of funds Summary of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Gainsl (Losses) Income Expendlture General funds Restricted funds 2,768,430 303.269 4,450.037 (4,653.054) 602,679 {516,0681 22,347 2,587.760 389.880 3.071,699 5,052,716 (5,169,122> 22,347 2,977,640 Summary of fund$ - prlor year Balance at 31 March 2024 Balance al 1 April 2023 Gainsl (Loss8s) Income Expenditure General funds Restricted funds 3,050, 229 218,288 3,855, 657 (4, 210, 824) 624,267 (539, 286) 73,368 2, 768,430 303,269 3,268,517 4,479,924 (4, 750, 110) 73,368 3,071,699 19. Analysls of nèt assets bètween funds Analysls of net assets between funds - current year Unrestrlcted Rastricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 1.006,087 617,410 1,230,657 (266,394) 1,006.087 617.410 1.620,537 (266,394) 389,880 Total 2,587,760 389,880 2.977,640 Page 32
AGE UK LINCOLNSHIRE (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Analysis of net assets between funds (continued) Analysis of net assets between funds - prior year Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 813,935 597,236 1,652,661 (295,402) 813,935 597,236 1,955,930 (295,402) 303,269 3,071,699 Total 2, 768, 430 303,269 20. Reconciliation of net movement In funds to net cash flow from operatlng activltles 2025 2024 Net expenditure for the year (as per Statement of Financial Activities) (94,059) (196,818) Adjustments for: Depreciation charges Lossesl(gains) on investments Dividends, interests and rents from investments Lossl(profit) on the sale of fixed assets Decreasel{increase) in stocks Decreasellincrease) in debtors Decrease in creditors Transfer of stock to fixed assets 91,698 (20,174) 141.528) 19,943 (73, 368) (43, 130) (713) (25, 370) (80.009) (385,055) 82,799 203,161 {29,008) (283,850) Net cash used in operating actlvlties 190,961) (784,520) During the year, the charity revised its accounting policy to capitalise certain items previously expensed. As a result, stock and previously expensed items totalling £283,850 yre reclassified as fixed assets. These adjustments did not involve any cash movement. Page 33
AGE UK LINCOLNSHIRE (A Company Limited by Guarant88) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21. Analysis of cash and cash equivalents 2025 2024 Cash in hand 1,156.328 1,205, 761 Total cash and cash equlvalents 1,166,328 1,205, 761 22. Analy$18 of change8 In not debt At 1 April 2024 Cash flows At 31 March 2025 Cash at bank and in hand 1,205,761 149,433) 1,156,328 1,205,761 (49,433) 1,156,328 23. Penslon commitments The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represent5 contributions payable by the Charity to the fund and amounted to £106,975 {2024'. £93,083). enntribijtions totalling f.19,739 (2024.. f18,554) were payable to the fund at the balance sheet date and are included in creditors. 24. Operating lease commltmants The Charity had no commitments under non-cancellable operating leases at 31 March 2025. 26. Related party transactlons The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing beeen related parties and the Charity at 31 March 2025. Page 34