Registered number.. 03917990 Charity number: 1079691 AGE UK LINDSEY (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
AGE UK LINDSEY IA Company Limlted by Guaranteo) CONTENTS Page Reference and Administratlve Detalls of the Company, its Trustees and Advlsers Trustees. Report Independent Audltors. Report on the Flnanclal Statements Statement of Flnanclal A¢tlvltle$ 9-13 14 Balance Sheet 15-16 Statement of Cash Flows 17 Notes to thg Financial Statements 18-38
AGE UK LINDSEY {A Gompany Llmited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022 Trustees Mr H E M Thomson Mrs C L Markham Mr l Brown MsRFEDobbs Cllr O C Bierley Cllr W Gray Mrs C E Parker-Robson, Chair of Trustees Mr J D Brindle Canon J Thorold Mr P Stapleton Ms A Mullan (appointed 24 November 20211 Company registered number 03917990 Charity registered number 1079691 Reglstered offlce The Old School House Manor House Street Horncastle Lincolnshire LN9 5HF Company secretary Mrs C E Parker-Robson Chlef executive officer MrA Storer Independent auditor Streets Audit LLP Chartered Accounlanls & Statutory Auditor Tower House Lucy Tower Street Lincoln LN1 1XW Bankers Lloyds Bank PIC 202 High Street Lin¢oln LN5 7AP Sanlander Bridle Road Boolle Merseyside L30 4GB Shawbrook Bank Luthea House Warley Hill Business Park Brentwood Essex CM3 38E Page 1
AGE UK LINDSEY (A Company Llmitèd by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Solicitors Wilkin Chapman 7 Bull Ring Horncastle LN9 SHX Page 2
AGE UK LINDSEY {A Company Llmlted by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Trustees present their annual report together with the audited financial statements of the chariiable company for the 1 April 2021 10 31 March 2022. The Annual Report serves the purposes of both a Trustees. report and 8 Directors. report under company law. The Trustees confirm that the Annual Report and financial slalemenls of the charitable company comply with the current statutory requirements, the requirements of the charitable companls goveming document and the provisions of the Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard app5icable in the UK and Republic of Ireland {FRS1021 leffeclive 1 January 20151 as amended by Update Bulletin 1 leffective January 20151 and Update Bulletin 2 leffeclive January 20191. Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 {Slralegic Report and Directors. Report) Regulations 2013 has been omitted. Objectives and activities a. Poli¢ies and obje¢tives In setting objectives and planning for activities. the Trustees have given due consideration to general guidance published by the Charity Commission relating lo public benefit. The objects of the charity are lo promote the relief of older people in any manner which now or hereafter may be deemed by law to be charitable within the distTiCts of East and Wast Lindsey, Lincolnshire and North Lincolnshire. The Board of Trustees convened during May, July, September, November, January and March. All these meetings have taken place virtually due lo current reslri¢lion5. The AGM look place on 15th December 2021. Achievements and performance a. Maln achievements and review of activities The main activities and seNi¢es the charity run are described below. These services have been set up with the Iruslees, approval and with due consideration given to the Charity Commission's guidance on public benefit and in line with the charity's mission statement. The Infomiation and Advice service has full coverage across East Lindsey, Wesl Lindsey and North Lincolnshire. The SeNice Manager oversees all aspects of the service including monitoring and evaluation in line with the Age UK Quality Standards. All staff members are home based and deliver the setvice mostly over the telephone and home visits are completed for our most vulnerable clients. The service is continuing lo be the best performlng Age UK Information and Advice service in the East Midlands. The charity shops reopened for trading on 12th April, bringing high levels of unrestricted income into the charity. During the year we opened a new shop in Tallershall bul also made the difficult decision lo close our Coningsby shop and Woodhall Spa Broadway shop. After completing some of the roof repairs the Barton shop was able lo safely reopen for trading in September. The rernainin9 repairs are hoped to be completed within the next year. A pilot of our online shop commenced during the year with the commitment lo conllnue lo develop and grow this shop lo widen our support base. The referrals for the Befriending service remained high during the year, with regular referrals being made lo the national Call in Time service. We have clients in Ea51 Lindsey, West Lindsey & North Lincolnshire receiving Page 3
AGE UK LINDSEY (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Achlevements and performance {continued} regular calls and once reslriclions allowed home visits. The Talk, Eat, Drink ITEDI project funding has assisted with the delivery of the service in East Lindsey until January 2022 when the funding ceased. The funding from Henry Smith and West Lindsey District Council meant the service was able lo continue to accept new referrals from Wesl Lindsey and North Lincolnshire. The service delivered over 300 hours of befriending a month during the year through the support of over 55 dedicated volunteers. The Crime Reduction Fund 'HELP Project, has continued throughout the year working in partnership with North Lincolnshire CAB and North Lincolnshire Public Health. The project is funded until January 2022 and based within the Scunthorpe area. Any recently bereaved individuals who require befriending are signposted to this seiCe lo prevent isolation occurring for the individual. Once the funding for the project enosed we were unable lo continue lo offer this service to new clients. The Keep Connected Project has continued throughout the year with the funding received by Henry Smith and Lincolnshire Community Foundation. The infobus being iaken out regularly around East Lindsey, Wesl Lindsey and North Lincolnshire lo enable clients to receive information on our services and also to assist with digital access. There has been a lablel loan scheme sel up during the year and classes lo assist in using digital technology also occurred. All clients received a bi-monthly newsletter lo keep them up lo dale with developments within the charity. The volunteer visitor host project commenced in July to assist relatives and friends to visit an individual residing in a care home. Volunteers helped with the additional lesling requirements in place before the visit could occur. This project was run in partnership with Age UK Lincoln and South Lincolnshire with ourselves concentrating on care homes within East Lindsey. Al the end of the financial year there were 40 paid 518ff and 100 artive volunteer5. Financial roview Going concern After making appropriate enquiries. the TTUStees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt the going concem basis in preparing the financial statements. b. Rosorrfes policy The Finance Sub Committee on behalf of the Board of Trustees conducts an annual review of the level of unreslricled reserves in the general fund by eonsidering risks associated with the various income streams, expenditure plans and balance sheet items. This en8bles an estimate lo be made of the level of reserves held in designated funds required by the charity- Al the year end the charity had total unrestricted fLJnds of £338,976, designated funds of £109.995 and restricted funds of £26,304. Therefore total charity funds were £475,275, as set out in note 16 to the financial stalemenls. The free reserves of the charity were £Nil at the 31 March 2022. Whilst the strategic plan remains in place il is reviewed by the Board of Trustees arid the Executive Management Team. In addition, the reserves policy will be annually amended to lake accounl of the working capital requirements of the charity especially considering the future developments of the charity. Page 4
AGE UK LINDSEY IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 c. Principal risks and uncertainties The Board of Trustees monitor al each board meeting the major risks which the charity Is exposed lo and to keep under review the adequacy of the systems. These systems are believed lo be sufficient and appropriate to the size of the charity and the nature of its operations. A Risk Register has been compiled by the trustees in conjunction with the Director of HR, Quality and Performance and the Executive team. Each department of the charity is reviewed on a rotating basis at each bi monthly Board of Trustees meeting lo ensure any additional risks are added and any that aren't relevant are removed. d. Principal fundlng The principal source of unrestricted income comes from our charity shops alongside fundraising events held during the year. From local authority grants we were SUCssful in receiving a lolal of £22,669 to cover the reopening costs for our shops. The charity also made use of the government Job Retention Scheme throughout the year claiming £1,955 to cover the salary cost of furloughed stsff. The charity was awarded 8 six month contract and received £9.052 funding from Eon for increased benefit take up activity through the Information and Advice service. In addition, another Eon contract was granted for £8,100 to support the Home Energy Check Project providing free assessments and equipment lo the homes of older people assisting them lo slay warmer during the winter. The Talk, Eat, Drink project have funded the Befriending service in East Lindsey over several years. The grant tolalled £20,833 and was used lo ensure individuals receive a Befriending call or a home visit once restrictions allowed throughout the year. With the increased demand on the Befriending service we receiv&d further funding lo deliver the service across all areas through the Henry Smith charity. The funding tolalled £39,603 and ran until the end of December 2021. As well as supporting our befriending service the funding supported our Keep Connect Service and volunteer costs for both services. The lottery grant received during this year loialled £40,360 to run the Infomialion and Advice service within the North Lincolnshire area. The funding was used lo carry out benefits checks by Ihe Benefits Officer and to improve the IT provision for the Information and Advi team. The Henry Smith Charity continued lo support our Information and Advice service until 31 st December 2021. During this financial year £31,050 was received which was used to cover Costs associated with running the service. Through Age UK, funding is received for the Later Life Goals project ran through our Infomiation and Advice Service. The funding lotalled £20,500 during this financial year after a one-year extension was granted for the project. Working in partnership with the Citizens Advice Bureau the charity received £7,194 to run the crime reduction fund project. This was based within the Scunthorpe area to support recently bereaved individuals. To continuing with the repair of the roof at 8arton shop we received a grant of £9,200 from Northern Impact. The grant enabled the roof lo be made structurally sale and allow the reopening of the ground floor shop. The Keep Connected service within East Lindsey was supported by a Lincolnshire Community Foundation grant of £4,850, Age UK grant of £1,000 and Managed Care Network grant of £2,500 for this year. This enabled clients in the area lo access digltal support, attend digital sessions and access information within their local area. Page 5
AGE UK LINDSEY IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Wesl Lindsey District Council granted the befriending service £5,000 to assist with the costs of home visits or calls clients received within the Wesl Lindsey district. To support our Infom)alion and Advice service a grant from Edward Goslling Foundation was secured for a year. During this financial year £1,250 has been used lo enable an Information and Advice officer lo be out with the infobus offering simple advice straight away or making a referral for 8 more in depth seNice. Through funding of £31,366 received via Lincolnshire County Council we were able lo run the Volunteer Visitor Host project in care homes within East Lindsey. The same project was run in other areas of Lincolnshire by Age UK Lincoln and South Lincolnshire. The charity received one legacy during the year lotalling £3.97. Structure. governance and management a. Constitution Age UK Llndsey is a registered company (number 39179901 and charity (number 10796911. Ils governing document is ils Articles of Association. The company was incorporated on 2 February 2000 and charitable slalus was gained on 3 March 2000. The company remained dormant until April 2001 when It look over the assets and liabilities of the unin¢orporaled Age Concern Lindsey, registered charity number 503533. Al the board meeting of 27th July 2010 the Companies House Special Resolution Form was agreed and signed by the Chairman lo fom)ally change the name of the charity lo Age UK Lindsey. A Brand Partnership Agreement bee&n Age UK and Age UK Lindsey has taken the place of the Age Concem Federation membefship and is the new way of working with the national charity. On the 6th September 2017 an extraordinary general meeting took place before Age UK Lindsey and Age UK North Lincolnshire, regislered charity number 1101646, became one entity on the 1st October 2017. b. Methods of appolntment or election of Trustees Ouring the course of the year one new Trustee was appointed lo the Board. The Charity is activaly s8eking for new Trustees lo join the Board to address the gender imbalance and lo cover gaps in expertise. c. Organlsational structure and d8ci$ion-making policies The day lo day activities of the charity are overseen by the Chief Executive Officer who is managed and reports to, the Board of Trustees. The Trustees typically meet bi monthly and h8ve the power to determine the quorum for the transaction of business provided that Ihe quorum for the meeting of the Board shall never be less than one quarter or three of the members of the Board. During the year a Finance Sub committee made up of the Chief Executive Officer, Director of Finance and at least b0 members of the Board including the Treasurer. usually meet bi monthly al two weeks prior to the full Board meetings and reports dire¢lly lo the 8oard. During this year and with the challenges that were faced by the charity, th8 Finance Sub-committge ceas8d meetings until March 2021, wlth Flnance belng discussed in more detail al the main board meeting. The Personnel Sub committee meets bi monthly and reports are submitted to each full Board of Trustees Page 6
AGE UK LINDSEY (A Company Limlted by Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Stru¢turg> govornance and managernènt Icontinuedl meeting. Terms of Reference have been agreed by its members for this Sub-committee, which is made up of the Chairman, Vice Chairman and the Director of HR. Performance & Quality. Again with the challenges faced during the year these meetings were suspended for the whole year with the personnel issues being discussed in more detail al the main board meeting. d. Pollcies adopted lor the induction and training of Trustees The Charity has developed a Trustee Induetion Pack. The Induction Pack contains tsvo documents from the Charity Commission, "Welcome" and °The Essential Trustee". 11 also contains the Ch8riWs Memorandum and Arts'cles of Association, a sel of the lalesl Managemenl Accounts, and a copy of the last audited Annual Accounts, the lalest Annual Report, minutes from recent Board Meetings and also an Age UK Lindsey Trustee Information document. This pack is given lo all new Trustees. e. Pay policy for key management personnel The Key Management Personnel comprises of the Chief ExeculNe Officer, Director of HR, Performance & Quality, Director of Operations and Development and Director of Finance. The remuneration of these staff members is derived by comparing the salary to similai positions within the same sector and aligning this with the current charity pay scale. f. Risk management The Board of Trustees monitor al each board meeting the major risks which the charity is exposed to and lo keep under review the adequacy of the systems. These systems are believed to be sufficient and appropriate lo the size of the charity and the nature of ils operations. A Risk Register has been compiled by the Board of Trustees in conjunction with the Executive Management team. g. Fundraising activitigs Ouring the year a centurion run was completed raising £1,824 for the charity. The Big Knit campaign ran through Age UK raised £4,148 during the year with the campaign continuing lo run into next year. Large donations were received from Wilham Sl Hugh's school, Freemasons, Teseo's and Viking Link. Plans for future perlods The Chair continues to look to strengthen the Board of Trustees and is actively looking lo recruit new Trustees who will bring a wide range of skills and experience to the Charity. The Executive Management team will also continue lo look for relevant funding opportunities lo develop new services or mainfain and expand our current service delivery. Whilst the charity is still recovering from the impact of the pandemic new sources of unrestricted income are being investigated lo ensurg services can run through all our areas of beneficiary wilhoul the specific need of grants being achieved. This wll also include a new version of the strategic plan being created and distributed by the charity. After re¢eiving full planning permission for the South Street project there has been little development with the project due to the pandemic. The charity is reviewing all options for the sile especially as there is only one year remaining on the planning pemission received. P8ge 7
AGE UK LINDSEY {A Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Statement of Trustees. rgsponslbllltle$ The Trustees Iwho are also the directors of the company for the purposes of company lawl are responsible for preparing the Trustees. Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Aecounling Practice). Company law requires the Tnjslees lo prepare financial slatem8nls for each financial year. Under company law, the Trustees musl not approve the financial statements unless they are satisfied that they give a tru8 and fair view of the state of affairs of the company and of ils incoming resources and application of resources, including ils income and expenditure. for that period. In preparing these financial statements, the Trustees are required lo-. seleel suitable accounting policies and then apply them consislenlly., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent- slate whether applicable UK Accounting Stsndards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the financial slalemenls", prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume th8t the company will continue in business. The Trustees are responsible for keeping adequate aontIng records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy al any lime the financial position of the company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Dlsclosure of Information to auditors Each of the persons who are Trustees al the lime when this Trustees, Report is approved has confirmed that.. so far as that Trustee is aware. there is no relevant atjdil information of which the charitls auditors are unaware, and that Trustee has taken all the steps that ought lo have been iaken as a Trustee in order to be aware of any relevanl audit infomialion and lo establish that the charity's auditors are aware of that information. Auditors The auditors, Slrgels Audit LLP, have indicated their willingness lo continue in office. The designated Trustees will propose a motion reappointing the auditors al a meeting of the Trustees. Approved by order of the members of the board of Trustees on 28 September 2022 and signed on their behalf by.. Mrsc rkÈr- (Chair of Trusleesl son Cllr O C Bierley Page 8
AGE UK LINDSEY IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF AGE UK LINDSEY Oplnion We have audited the financial statements of Age UK Lindsey Ilhe 'charitable companll for the year ended 31 March 2022 which comprise the Slalement of Financial Aclivilies. the Balance Sheet, the Statement of Cash Flows ané the related notes, including a summary of signifieanl accounting politie5. 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, IUni18d Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial slalemenls.. give a true and fair view of the slate of the charitable compan$ affairs as at 31 March 2022 and of its incoming resources and application of resources, including ils ineome and expenditure for the year then ended., have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with Inlemational Standards on Auditing IUKI (ISAS {UKII and applicable law. Our responsibilities under those standards are further described in the Auditors, 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 lo 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 accordanee with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Concluslons relatlng to going concgrn In auditing Ihe financial slalemenls, we have concluded that the Tnjstees, use of the going concern basis of accounting in the preparation of the financial stslements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable companys ability lo continue as a going coneern for a period of at least e1ve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the relevant sections of this report. Page 9
AGE UK LINDSEY {A Company Llmlted by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF AGE UK LINDSEY ICONTINUEDI Other Informatlon The other information comprises the information included in the Annual Report other than the financial slalemenls and our Auditors, Report Ihereon. The Tnjstees 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 lo the exlenl otheiSe explicitly stsled in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial slalemenls or our knowledge obtained in the course of the audit, or otherwise appears to be materially misslaled. If we identify such material inconsistencies or apparent material misslalernents, we are required to determine whether this gives rise lo a material misslatemenl in the financial slalemenls themselves. If. based on the work we have performed. we conclude that there is a material misslalemenl of this other information, we are require(J lo report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In OLrr opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the finanoal statements are prepared is consislenl with the financial slatemenls. the Tnjstees, Report has been prepared in accordanee with applicable legal requirements. Matters on whlch we are required to report by exception In the light of our knowledge and understanding of the ¢harilable company and its environment obtained in the ourse of the audit, we have not identified material misslatemenls in the Trustees, Report. We have nothing lo report in respect of the following mallers in relation lo which Companies Act 2006 requires us lo report lo you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial slalements are not in agreement with the accounting records and returns,. or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the Trustees were not enlilled lo prepare the financial stslemenls in accordance with the small companies regime and lake advantage of the small companies, exemptions in prepanng the Trustees, Report and from the requirement lo prepare 8 Str81egic Report. P8ge 10
AGE UK LINDSEY (A Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF AGE UK LINDSEY ICONTINUEDI Ro$ponsibilitie$ ot trustees As explained more fully in the Trustees. Responsibilities Statement, Ihe Trustees {who are also the directors of the charitable company for the purposes of company lawl are responsible lor the preparation of the financial statements and for being sabsfied that they give a true and fair view, and for such internal control as the Trustees detemiine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In prepaiing the financial statements, the Trustees are responsible for assessing the charitsble company's ability lo continue as a going concem, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Trustees either intend lo liquidate the charitable company or to ase operations, or have no realistic alternative but to do so. Page 11
AGE UK LINDSEY (A Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF AGE UK LINDSEY {CONTINUEDI Audltors. responsibiliti9s for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due lo fraud or error, and to issue an Auditors, Report that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misstslemenl when il exists. Misstalemenls 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 slalemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulab'ons. We design procedures in line with our responsibilities, outlined above. to delect material misstalemenls in respect of irregularities, including fraud. The exlenl to which our procedures are capable of detecting irregularities. including fraud is detailed below.. Our approach to identifying and assessing the risks of material misstalemenl 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 lo identify or recognise non-compliance with applicable laws and regulations., we identified the laws and regulations applicable to the charity through discussions with Trustees and other management, and from our commercial knowledge and experience of the charity., we focused on specific laws and regulations which we considered may have a direct material effect on the financial slalemenls or the operations of the charity, including the Charities Act 2011, taxab.on legislation, data protection, employment and health and safely legislation., we assessed the exlenl 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 lo instances of non-compliance throughout the audit. We assessed the susceptibility of the charity's financial slalemenls to material misstalemenl, 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 miligale 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 lo identify any unusual or unexpecleé relationships., tested journal entries lo identify unusual transactions., inveslreigaled the rationale behind significant or unusual Iransaclions. reviewed Trustee meeting minutes for evidence of appropriate decision-making and management controls. In response to the risk of iegularitieS and non-compliance with laws and regulations, we designed procedures which included, bul were not limited to.. agreeing financial statement disclosures lo undedyng supporting documentation.. Page 12
AGE UK LINDSEY (A Company Llmlted by Guarant•el INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF AGE UK LINDSEY ICONTINUEDI reading the minutes of meetings of those charged with governance., and enquiring of management as lo actual and potential liligalion and claims., and reviewing correspondence with HMRC. relevant regulators and the companls 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 lo identify non-cornpliance with laws and regulations to enquiry of the Trustees and other management and the inspection of regLJlatory and legal corresponden, if any. Material misslalements that arise due to fraud can be harder to detect than those that arise frtsm error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is Ioc8ted on the Financial Reporting Council's website al.. www.frc.or .uklaudilorsres onsibililies. This description forms part of our Auditors. Report. Use of our report This report is made solely to the charitable companls members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable company's members those mallers we are required to slate lo them in an Auditors, Report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility lo 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. Robert Anderson FCA (Senior Statutory Auditor) for and on behalf of street$ Audit LLP Chartered Accountants & Stalulory Auditor Tower House Lucy Tower stet Lincoln LN1 1XW Dale.. 12 Decetnber 2022 Page 13
AGE UK LINDSEY IA Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2022 Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Total funds 2021 Note Income from: Donations and legacies Charitsble activities Other trading activities Investments 227,137 71,912 220 648.336 70 299,049 220 999,304 2,285 178,068 183 648,336 83 13 Total Income 227,150 720,538 947,688 1, 179,840 Expenditure on: Raising funds Charilable activities 5,200 266,OB8 711,061 30,454 716,261 296,542 568,974 607, 608 Total expendilure 271,288 741,515 1,012,803 1, 176,582 Net lexpenditure}lincome Transfers between funds 144,1381 13,928 120,9771 113,928) 165,1151 3,258 16 Net movem9nt in funds 130,2101 134,905} 165,1151 3,258 Roconciliation of funds- Total funds brought forward Nel movement in funds 56,514 130.210) 483,876 {34,9051 540,390 165,1151 537,132 3,258 Total funds carried forward 26,304 448,971 475,27S 540,390 The Statement of Financial Acb'vilies includes all gains and losses recognised in the year. The notes on pages 18 to 38 form part of these financial stalemenls. Page 14
AGE UK LINDSEY IA Company Llmited by Guarantee) REGISTERED NUMBER: 03917990 BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Note Flxed a$$•t$ Tangible assets 13 338,976 335,207 338,976 335,207 Current assets DebtOTS 14 52,090 229,169 57,161 283,250 Cash at bank and in hand 281.259 340,411 Creditors: amounts falling due within one year 15 {144.960} (135.228) Net Current a$sets 136,299 205, 783 Total assets less ¢urront liabiliti0$ 475,275 540,390 Nèt assèts excluding penslon assèt 475,275 549,390 Total net assets 475,275 540,390 Page 15
AGE UK LINDSEY IA Company Limited by Guarantee) REGISTERED NUMBER: 03917990 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022 2022 2021 Note Charlty funds Reslricled funds Unrestricted funds 16 16 26,304 448,971 56,514 483,876 Total funds 475,275 540,390 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and preparation of financial slatemenls. The financial statements have been prepared in accordance with the provisions applicable to entities subject lo the small companies regime. The financial statements were approved and authorised for issue by the Trustees on 28 September 2022 and signed on their behalf by.. Mrs C E Parker-Robson {Chair of Trusleesl Cllr O C Blerley The notes on pages 18 to 38 form part of these financial statements. Page 16
AGE UK LINDSEY (A Company Llmlted by Guarantè81 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Cash flows from operatlng activities Nel cash used in operab'ng activities 126,8771 174,655 Cash flows from Investlng actlvities Dividends, interests and rents from investments Proceeds from the sale of tangible fixed assets Purchase of tsngible fixed assets 83 183 1,161 139,750} 32,525 (66,380) Net cash used in investlng actlvltles 138,506} {33,672} Cash flows from financing activities Repayments of borrowing 11,300 (20.000) Net cash provided byllused inl financing activlties 11,300 {20,0001 Change in cash and cash equivalents in the yèar Cash and cash equivalents al the beginning of the year 154,0831 283,252 120,983 162,269 Cash and cash equlvalent$ at the end of the year 229,169 283,252 The notes on pages 18 to 38 form part of these financial statements Page 17
AGE UK LINDSEY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Gen¢ral information As set out in the Trustee's report, Age UK Lindsey is an incorporated charity limited by guarantee registered in England and Wales. The address can be found on page 1 of these fin8nci81 slalemenls. The principal objective of the eharily is to promote the relief of older people in any manner whi¢h now or here after may be deemed by law to be charitable within the districts of East and Wesl Lindsey, Lincolnshire and North Lincolnshire. The Board of Trustees is aware of the need for the charity lo provide public benefit and has paid due regard lo the guidance on public benefit issued by the Charity Commisslon. These financial slalemenls have been prepared in sterling, whlch is the function81 currency of the entity. Accounting policies 2.1 Basis of preparation of financial Statements The financial slalements have been prepared in accordance with the Charities SORP {FRS 1021 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 IFRS 102} leffeclive 1 January 20151, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Age UK Lindsey meets the definition of 8 public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction valve unless otherwise staled in the relevant accounting policy. 2.2 Going concern During Ihe year, the UK has experienced a pandemic of the coronavirus. The potential effects lo the charity and its future prospects are becoming clearer bul not rtaIn, however. the Iruslees remain committed to the protection of the charity. The charity continues lo undergo significant changes lo activities and the operating and viability position of the charity is under close scrutiny by Iruslees and management. Accordingly the financial statements have been prepared on a going concern basis. Page 18
AGE UK LINDSEY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ountin9 pollclès {contlnued) 2.3 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 Tecogr)ilion of income frorn legacies is dependent on establishing enlitlemenl, the probability of receipt and the ability lo 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 lo them Ilhrough 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 lo satisfy claims in the estate. Receipl of a legacy musl be recognised when il is probable that il will be received and the fair value of the amount receivable, which will genera51y be the expected cash amount lo be distributed lo the company, can be reliably measured. Grants are included in the 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 enlitlemenl 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 81 the time the investment income is receivable. 2.4 Expenditure Expenditure is recognised On there is a legal or constnjctive obligation lo transfer economic benefit to a third paty, il is probable th21 a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The cosls of each activity are made up of the total of direct costs and shared cosls, including support costs involved in undertaking each activity- Direct costs attributable lo a single activity are allocated directly to that aclivily. Shared costs which contribute lo more than one activity and support costs which are not atlribulable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Expenditure on raising funds includes all expenditure incurred by the company to raise funds for ils haritable purposes and includes costs of all ftjndraising activities events and non-charilable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Governmgnt grants Govemment grants relating lo tangible fixed assets are treated as deferred income and released to the Statement ol Financial Activities over the expected useful lives of the assets concerned. Other grants are credited lo the Statement of Financial Actsvities as the related expenditure is incurred. Page 19
AGE UK LINDSEY IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policigs (continued) 2.6 Tangible fixed assets and depreclation Tangible fixed assets costing £100 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 al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into ils Intended working condilion 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 eslimaled useful lives. Depreciation is provided on the following bases= Freehold land Impvts. to Leasehold Property no depreciation depreciated over the lifetime of the lease up to the breakout clause period 15°/o Straight line 25°/o Straight line 15°/o reducing balance, 170/0 slraighl line. 20Vo slraighl line or 25¥0 Straight line 15 % straight line Fixtures and fillings Molor vehicles Other equipment Kitchen equipment 2.7 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounls due. 2.8 Cash at bank and in hand Cash al 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. 2.9 Liablllties and provisions Liabilities are recognised when the is an obligation al the Balance Sheet dale as a result of a past event, Il 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 recognisèd at thè amount that thè company anticipates it will pay lo settle the debt or the amount it has received as adVand payments for the goods or services it musl provide. Provisions are measured al the best estimate of the amounts required to settle the obligation. Where the effect of the lime value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflects the risks specific lo the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. Page 20
AGE UK LINDSEY IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policios {continuedl 2.10 Fund accountlng General funds are unrestricted funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Designated funds MprISe unr8StTlCted funds that have been sel aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Reslricled funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each reslricled fund is set out in the notes lo the financial stalemenls. Investment income, gains and losses are allocated to the appropriate fund. Page 21
AGE UK LINDSEY {A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Income from donations and legacles Restricted Unrestricted funds funds 2022 2022 Totsl funds 2022 Total fvnds 2021 Donations Legacies Grants Government grants 400 48,617 49,017 60,662 9.497 483,327 445.824 226,737 226,737 23,291 23.291 Total 2022 227.137 71,912 299,049 999,304 Total 2021 313,842 685,462 999,304 Government grant income represents income received during the Covid-19 pandemic. The charity received grant funding from the Coronavirus Job Retention Scheme and the Retail, Hospitality and Leisure Grant Fund. Incomo from charitable activities UnrgStri¢tgd funds 2022 Total funds 2022 Tot81 fvnds 2021 Lunch Clubs Lifeslyle Cenlre Community Engag8mgnt 354 1,661 270 220 220 Total 2022 220 220 2,285 Total 2027 2,285 2,285 Page 22
AGE UK LINDSEY (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Income from other trading activities Income from fundraising events Unrestrieted funds 2022 Total funds 2022 Total funds 2021 Insurance Commissions Other aclivity'es for generating funds 15,136 4,654 15,136 4,654 15, 136 6,562 Total 2022 19,790 19,790 21,698 Total 2021 21,698 21,698 Incom8 from non charitable trading activities Unrestrlcted funds 2022 Total fund$ 2022 Total funds 2021 Charity Shops 628,546 628,546 156,370 Total 2021 756,370 756,370 Investment Income Restrictad Unrestricted funds funds 2022 2022 Total funds 2022 Total fijnds 2027 Investment income 13 70 83 183 Total 2027 36 747 183 Page 23
AGE UK LINDSEY {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Expondlture on raising funds Costs of raising voluntary Income Unrestrlcted funds 2022 Total funds 2022 Total fvnds 2021 Fundraising Costs 3.993 Total 2021 3,993 3,993 Fundraising trading expen5e5 Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Total funds 2021 Purchases Premises expenses Office costs Equipment, repairs & servicing Professional fees Depreciation and loss on disposal Awards given- Gertrude Penney Bank charges Meeting costs Other staff expenses Wages & salaries 9,155 123,134 22,270 43,066 6,556 31,763 9,155 123.134 22.270 43,066 6,556 31,763 5,200 6,341 77 f,856 77,596 22,278 47,175 5,460 25,030 5,200 6,341 77 2,843 10,418 458,281 10,418 458,281 8,409 374,334 Total 2022 5,200 711,061 716.261 564,981 Total 2021 564,981 564.981 Page 24
AGE UK LINDSEY IA Company Limited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysis of gxpenditure on charitable activities Summary by fund type Restricted Unrestrlcted funds funds 2022 2022 Total fund$ 2022 Tot81 funds 2027 T.E.D. Project Lifestyle Centre Lunch Clubs Independence al Home Development Befriending Information and Advice Community Engagement Age UK Keep Connected Volunteer Visitor Host Project 20,607 21,006 6,539 212,555 2,614 57,141 273, 729 27,073 46.944 2,880 2,880 83,314 145,866 24,243 23.874 16.365 83,314 142,672 3,194 24,243 137 23,737 16,365 Totsl 2022 266,088 30,454 296,542 607,608 Total 2021 332. 706 274.902 607,608 Page 25
AGE UK LINDSEY IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysis of expenditurg by a¢livltlgs Activitle$ undertaken directly 2022 Support ¢o$ts 2022 Total funds 2022 Total funds 2021 T.E.D. Project Lifeswe Centre Lunch Clubs 20,607 21.006 6,539 212.555 2,614 57,141 213,129 27,073 46.944 Independence at Horne Development Befriending Information and Advice Communily Engagement Age UK Keep Conneeled Volunteer Visitor Host Project 2,880 75,082 89,450 134 19,054 14,736 2,880 83,314 145,866 24,243 23,874 16,365 8.232 56,416 24.109 4,820 1,629 Total 2022 201,336 95,206 296,542 601,608 Total 2021 452,638 154.970 607, 608 10. Governance Costs - Auditors. remuneration 2022 2021 Fees payable lo the companvs auditor for the audit of the companys annual accounts 3,500 3,250 Fees payable lo the companvs auditor in respect of- All non-audit services not included above 1,000 Page 26
AGE UK LINDSEY IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 11. Staff costs 2022 2021 Wages and salaries 700.115 854, 751 700,115 854, T57 During the year the charity made 1 12021 811 redundancies with redundancy payments lotalling £5,738 12021.. £57,639) in aggregate. The average number of persons employed by the company during the year was as follows.. 2022 2027 No. Total Employees 55 50 No employee received rernuneralion amounting to more than £60,000 in either year. Included within the total figure for wages and salaries costs are social security costs of £37,228 12021.. £32,262) and the operating costs of defined contribution pension schemes of £15,60412021.' £14,385}. The key management personnel of the charity comprise the Chief Executive Officer, the Director of HR, Performance and Quality, the Director of Finance and the Director of Operations and Developments. The lolal employee benefits of key management personnel were £123,60712021.. £127,980). 12. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2021- £NIL). During the year ended 31 March 2022, expenses lotslling £NIL were reimbursed or paid directly lo Trustee (2021- £NIL to Trustee). Page 27
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AGE UK LINDSEY IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 14. Dobtors 2022 2021 Due wlthln one year Trade debtors Other debtors Prepayments and accrued income 801 28,787 22,502 27,127 6, 739 23,295 52,090 57,761 15. Creditors: Amounts talling due within one year 2022 2021 Other loans Trade creditors 17,967 10,161 8,241 43,101 65,490 6,667 22,482 8,255 5,573 92,251 Other taxation and social securty Other creditors Accruals and deferred income 144,960 735,228 Other loans comprise a 'Key Fund Growing Enlerprise in Communities" loan which is repayable in monthly installmenls. 2022 2021 Deferred income al 1 April 2021 Resources deferred during the year Amounts released from previous periods 55,179 65,490 {55,1791 69, 858 (14,679) 6S,490 55,179 Page 29
AGE UK LINDSEY IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statement offunds Staternent of funds - current year Balance at 31 March 2022 Balance at 1 April 2021 Transfers inlout Income Expenditure Unrestrlcted funds Designated funds Strategic plan designated fund 140,591 130,5961 109,995 General funds Free reserves Fixed asset reserve 11,802 331,483 720.538 1709,260) {32,255) 123,0801 39,748 338.976 343,285 720,538 1741.515) 16,668 338.976 Total Unrestricted funds 483,876 720,538 {741,515} {13,9281 448,971 Re$tri¢ted funds Other reslricled grant funding Eon Benefits 15,924 10,664 (29,8521 116,6801 13.928 6.016 Big Lottery grant- Benefits Advice Project GP Award Hospital discharges Henry Smith Grant- I&A Later Life Goals Grant Henry Smith - KC and Befriending Gertrude Penny Bequest Fund Eon Handyperson Project Granl 40,360 s,000 140,3601 (5,0001 {3,7201 131,4251 (20.5001 3.720 31,425 20,500 35,862 13 {35,8621 {5,200) 31.491 26,304 6,714 8,100 20.833 1,000 5,000 {14,814) {20,833) 11,000} 15,000} 18,573} 17,196} 14,850) (17,923) T.E.D Befriending Project Winter Health Grant WLDC - Befriending Age UK Lottery Grant CRF Projeet Lincs Community Trust Volunteer Vislor Host Project 8,573 7,196 4,850 17,923 Page 30
AGE UK LINDSEY (A Company Llmlted by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statom8nt of funds (continued) Statomont of funds - current year (continued} Balance at 31 March 2022 Balance at 1 Aprll 2021 Transfer$ inlout In¢ome Expendlture LCC - Managed Care Network 2,500 12,5001 56,514 227.150 1271.288} 13,928 26,304 Total of funds 540,390 947,688 {1,012,803) 475,275 Page 31
AGE UK LINDSEY {A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statement of funds Icontinuod) General funds.. Deslgnated funds.. Strateglc plan: These funds have been eamiarked by the Trustees of Age UK Lindsey to be spent on the befriending service and the development of any other inillalives as identified in the Strategic Plan. During the year a transfer of £30,596 from the strategic plan fund was made lo free reserves and restricted income funds to support activity in these areas during the year. Free rèserves: The unreslricled reseNes of the charity are expendable al the discretion of the charity Tnjslees in the furtherance of Ihe charitable objectives. The charity received grants from CAF. Lincolnshire Community Foundation and Key Fund Investments Limited lo support general activities of the charity. Flxed asset reserve.. The fixed asset general reseNe represents the net book value of fixed assets purchases from general funds. Restricted funds- Other restrictod grant funding.. Represents small and ad-hoc grant funding received in year to provide support and advice lo older people in Lindsey. Gertrude Penney Bequest Fund- This fund is foi the relief of suffering of older people living in East and West Lindsey. In previous years. applications have been confined to cases of hardship bul can be for anything that contributes towards the relief of physical or mental suffering of older people. During the year income into the fund was the interest received on the cash deposits held. Eon Benefits: To provide information and advice sessions with emphasis on saving rnoney on energy andlor finding money to help with pawng for energy bills. Big Lott9ry Grant . 8enefit$ Advice Project: As part of the merger the Lottery grant Age UK North Lincolnshire received was transferred lo Age UK Lindsey. The grant is for the Infom)alion & Advice service within North Lincolnshire. The funding is used to provide home visits to individuals for benefits checks lo ensure they are receiving everything they are enlilled to. The office for these employees is in Barton Upon Humber where a monitoring officer is based to lake referrals and advise as appropriate. GP Award: £5,000 received from The Edward Gostling Foundation for the benefit of older people in Lindsey. Page 32
AGE UK LINDSEY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statoment of funds Icontinuedl Dff Bus Operators Grant: A grant from the Department for Transport IDff) provided reslricled funding for the purchase of two new mini buses. This balance represents the Fixed Assets still to depreciate and is not a monetary fund. In the year both minibuses were disposed of leaving a £Nil balance at 31 March 2021. Hospital Discharges: North Lincolnshire Council provided restricted funding for the purchase of two people carriers to reduce hospital discharge times. In the prior year North Lincolnshire CCG provided addibonal ftjnding for revenue costs to support the reduction of hospital discharge times. The balance of £3,720 at 31 March 2021 is made up of Fixed Assets which are still lo depreciate. There was no monetary fund remaining. Hènry Smith I&A Grant: The Henry Smith Charity has awarded a grant towards a project providing information and advi for older people in Easl and West Lindsey in Lincolnshire. The grant should be spent towards the salary and on-cosls of four part time Information and Advice Officers over a three year period. Later Lrfe Goals Grant.. This grant through Age UK is to be used to support individuals as they go through signrficant life events lo help achieve individual goals, tackle loneliness and reduce financial hardship. Henry Smlth Keep Connected Grant These funds have been awarded to support the charitvs befriending service and the Keep Connected services. Henry Smith- Befrignding.. These funds have been awarded to support the charity's befriending services. Eon Handyperson Prolect: This projecl aim was lo carry out energy checks and to provide energy saving equipment such as radiator foils, draft exclusers and low energy light lightbulbs. T.E.D Befriending Project.. These funds are awarded by T.E.D East Lindsey for the purpose of improving the quality of life for older people living in the East Lindsey area. The project focus is Socialisation and Friendship among older people. The grant is lo be used lo employ a Befriending Co-ordinator and two Senior Befriender's, as well as other costs associated with the project. Winter Health Grant.. These funds were awarded for the purpose of supporbng local winter health Campaigns through messaging and outreach lo help older people during winter. T.E.D Lunch Clubs Project- These funds are awarded by T.E.D East Lindsey for the purpose of developing new lunch clubs for older people and other food related activities. Age UK Lottery Grant: These funds are awarded by Age UK lo support information and advice and befriending activities. Th& funds can also be used to support raising public awareness and engaging with older people about their needs and priorities. Page 33
AGE UK LINDSEY IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statement of funds Icontinued) CRF ProSect'. Grant funding lo support a joint project beiween Citizen's Advice North Lincolnshire and Age UK Lindsey. The project purpose is to provide tailored support, inforn)alion and advice lo those at risk of social isolation.. older and recently bereaved people. Llncs Community Trust.. £4,850 received from Lincs Community Foundation to fund motor vehicle running costs in relation lo Keep Connected services. Age UK Keep Connected Grant.. These funds have been awarded lo support the charitys befriending service and the Keep Connected services. WLDC- Befriendlng: These funds are awarded by WLDC for the purpose of providing befriending setvices for older people in Wesl Lindsey. Statement of funds - prior year B81ance at 31 March 2021 8alance al 7 April 2020 Transfers in/out Income Exp8ndilu Unrestrlcted funds Designated funds Strategic plan designated fund t40,591 140,591 Balance al 31 March 2021 Balance at l Apnl 2020 Transfers in/oul Income Expenditure General funds Free reserves Fixed asset reseNe 865,948 (775,473) (68,389) (78,673) 78,673 11,802 331,483 321, 199 321, 199 865,948 (843,862) 343,285 Total Unrestrictad fund$ 461.790 865.948 (843,862) 483,876 Restricted funds Other reslrieted grant funding Eon Benefits 37,455 36 3t,491 6,016 27,962 (21,946) Page 34
AGE UK LINDSEY (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Statemant of funds {continuod) Staternent of funds - prior year lcontinuod) Bslance al 31 March 2021 Balance al l Apnl 2020 Transfers in/oul Income Expgndilure Big Lottery grant- Bgnefils Advice Project Dff Bus Operators grant Hospital discharges Henry Smith Grant- I&A Later Life Goals Grant Henry Smith- KC and Befriending Eon Handyperson Project Grant 69,877 (69,877) (34, 173) (5,580) (39,051) f2f,000) 34,173 9,300 3. 720 39,051 21,000 40,597 (40,597) 414 6,300 36,165 19,611 8,573 8,842 35,864 6,714 T.E.D Befriending Proje T.E.D Lunch Clubs Project Age UK Lottery Grant CRF Project Age UK Keep Connected (36, 165) (19,671) 8.573 (8,842) (35,864J 75,342 313,878 (332, 706) 56,514 Total of funds 537,132 7, 179,826 (1, 176,568) 540.390 Page 35
AGE UK LINDSEY (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 17. Summary of funds Summary of funds - Current year Balance at 31 March 2022 Balance at 1 Aprll 2021 Transfers Inlout Income Expenditure Designated funds General funds Reslricted funds 140,591 343,28S 56,514 130.5961 16,668 13,928 109,995 338,976 26,304 720,538 227.150 (741,5151 {271,2881 540,390 947,688 11,012,803) 475,275 Summary of funds- prioryear Balance al 31 March 2021 8818nce al 1 April 2020 Transfers in/oul Income Expenditure Designated funds General funds Reslricled funds 140,591 321,199 75,342 140,591 343,285 56,574 865,948 313,878 (843.862) (332. 706) 537, 132 1, 179,826 (1. 176.568) 540,390 18. Analysis of net assets between funds Analysis of net assets between funds - eurrent year Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Tangible fixed assets Current assets Creditors due within one year 338,976 254,955 1144,9601 338.976 281,259 {144,9601 26,304 Total 26,304 448,971 475,275 Page 36
AGE UK LINDSEY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 18. Analysis ol net assets between funds Icontinuedl Analy$i$ of net assets between funds - prior year Restricted Unrestricted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Current assets Creditors due within one year 3, 720 52, 794 331,487 287,617 (135.228) 335,207 340,417 {135.228) Total 56,514 483,876 540,390 19. Reconciliation of net movement In funds to net cash flow from operating activities 2022 2021 Nel incomelexpenditure for the year las per Slatgmgnt of Financial Adivitiesl {65,1151 3,258 Adjustments for: Depreciation charges Dividends, interests and rents from investrnents Profit on the sale of fixed assets Decrease in debtors Increaselldecreasel in creditors 35.979 {831 11.1611 5,071 11,568} 68,389 (183J (5.062) 65,4Q7 42,852 Net cash provlded byllused inl opgrating activities 126,877) 174, 655 20. Analysis of cash and cash equival8nts 2022 2021 Cash in hand 229,169 283,252 Total cash and Cash equivalents 229,169 283,252 Page 37
AGE UK LINDSEY (A Company Limitgd by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 21. Analysis of changes in net debt At 1 April 2021 Cash flows At 31 March 2022 Cash al bank and in hand Debt due within 1 year 283,250 {6,6671 154,0811 111,3001 229,169 17,967} 276.583 165,381) 211,202 22. Operating lease commitments Al 31 March 2022 the company had commitrnents to make future minimum lease payments under non- cancellable operating leases as follows.. 2022 2021 Total Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 81,228 174,451 62,400 96,785 191,041 78,000 23, Related party transactions clai Parker-Robson, a Trustee of the charity, is a partner at Wilkin Chapman LLP. Wilkin Chapman provided legal services to the charity in connection lo property leases and acqtjisilions. The total costs paid lo Wilkin Chapman were £Nil12021'. £5801. Page 38