REGISTERKD COMPANY NUM BER: 03917990 (Ei ngland and Wale5) REGISTERED CHARITY NUMBER: 1079691 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR AGE UK LINDSEY (A COMPANY LIMITED BY GUARANTEE) Dexter & Sharpe Audit Services Ltd (Statutory Auditor) Rolle5tone House Bridge Streel Horncastle Lincolnshire LN9 5HZ
AGE UK LINDSEY CONTENTS OF THE FINANCIAL sTATEMErs FOR THE YEAR EI%DED 31 MARCH 2024 Page Tru5teesl Report I to 7 Report of the Indepeiident Auditors 8 to 10 Statement of Finaneial Attlvlllts Bnlance Sheet 12 Cash Flow Statement 13 Note5 to the Cash Flow Statement 14 Notes to the Flnan¢l*l Statements 15 to 28 Detailed Statement of Finanelal Activities 29 to 30
ACE UK LINDSEY TRusfEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024 The li'uslees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statemen15 of the charity for the year end¢d 31 March 2024. The tru51ees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) (efYe¢tive l January 2019). Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Directorfs Report) Regulations 2013 is not required. The Irustees, report is a oombined directors, report and ITUStees' annual reporL The combined annual report therefore also contains a directors, report as r¢quired by law. 013JECTIVES AND ACTIVITIES Objective5 aims In Setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Comiiiission relating to public benefit. The objects of the charity are to promote thc relief of older people in any rnanncr which now or hereafter may be deenied by law to be Charitable within the districts of East and West Lindsey and North Lincolnsliire. Th¢ Board of Trustees convened during May, July• S¢ptember, November. January and March. The AGM took place on 7th Februaiy 2024. Page I
AGE UK LINDSEY TRUES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEME4 NT AND PERFORMANCE Cliarithble activllfies The chartty received reacci'edilation in charity quality Standards through Age UK itb February 2024. The main activities and service¥ the charity run is described below. These Services have been set up with the trustees, approval and with due con5ideralion given to the Charity Commission's guidance on public benefit and in line with the charity's mission Statement. The Inforniation and Advice serviee has full coverage across East Lindsey, West Lindsey and North Lincolnshire and in June 2023 retained the advice quality 51andard. The Service Manager oversees all aspects of the service including monitoring and evaluation in line with the Age UK Quality Standards. InformatÈon and Advice otTicer8 are home based and d¢liver the service over the telephone and with home visits for our most vulnerable clients. The client support team (THRIVE) continue to support the service and provide first point of contact for people phoning ihe cliarity. They support clients through giving iiiformation over the telephone, post relevant information out and refer them lo appropriate sei'vices within tlie charity or ¢xt¢mal providers. On average, they support oveT 400 clients a month and have Claimed over £2 million in unclaimed benefits wiihin a rolling 12-month period. The charity shops, which has a150 included an online shop, are ihe main source of unreslricted income into the charity, The online shop closed September 2023 and a new sliop premises was opened within Caislor in Mai'ch 2024. The charity 15 constantly reviewing the shop premises to identify polential new location5 whether in the same town or new towns to increase the unrestricted income into the charity and are working to reopen an improved online shopping offei.. The Befriending sei'vice Continues to support clients in East Lindsey, West Lindsey and North Liiicolnshire receiving regular Calls and home visits. After securing additional fijnding ihe number of friendship groups inci'eased to 8 wilh&n East Lindsey over the year, There is an online friendship group available for anyone to join. The service supports approximately 250 clients a month with the support of a d¢dicaied team of volunteers. The Keep Connected Project has continued throughout the year. The Keep Connecled Infobus provided an outreach gei'vice ai'ound East Lindsey, Wesl Lindsey and North Lincolnshire to enable clients to receive informaiion on oui. sei'vices and to promote the chai'ity. The digilal support drop ins and the tablct loan llerne ran throughout the year to assist will) iinproving clients digilal skills and knowledge. The wintei. period was busier than ever with 2500 winter warmth packs delivered to vulnerable clients or homeless shelter5. These packs wnlained food items, energy saving products and item5 to assist wilh keeping them wai'm. The district councils within our delivery area all provided funding for these packs alongsid¢ a variety of othei. fuiiders which meant we were able to deliver packs across all three service delivery areas. The scanis preventioii and ViLlim support project continued within North Lincolnshire ihroughout the yeai.. Scams awarLncss talks al'e given lo IoLal groups and one-to-one support is available to raise awareness 011 potential scanis or to support victims of a scam. Due to new funding we were able to stait offering the same seivice acro55 West Lindsey trom Febi'uai'y 2024. At tl)e end of the financial year there were 51 paid staff and 198 active volunteers. Fuiidraislng Retivities A Christmas fete was held early December raising over £500 for the charity. After the fete So local clients attended a free Christmas lunch after receiving funding from Horncaslle Town Council and orher local businesses. A small staff team a150 entered a local Santa Run supporting Age UK Lindsey raising over £750. A cal¢ndar of fundraising events is arranged for next year including a summer festival. Suppoi'ter donations 2nd event sponsorsliip were received during the year from Tesco's, FH Manning, Laurels service station, Wilkin Chapman, Dexter & Sharp¢, Robert Bell & Company and Polypip¢. Page 2
AGE UK LINDSEY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVICI W Principal funding sources The principal source of unreslricted income comes from our charity shops alongside fundraising events held during th¢ year, Th¢ oharity was awarded a six-monlh contract and received £24,924 funding from Age UK for increased benefit enlitleinent ch¢cks IhroLtgh tlie Inforniation and Advice service. In addilion, a contract from Age UK totalling £13,095 was given to support the Home Energy Check Project, providing free assessments and equipment to the homes of oldei. people. assisting them lo stay warmer during the winter. To expand our Befriending service a variety of new grant fijnding was secured which totalled £37,056, The funding ame from Shine Lincolnshire, West Lindsey Districl Council and Nuclear Waste Service. Additionally Henry Smith funding of £35,000 assisted to support the b¢friending s¢rvices, digital drop in and covering the volunteer costs. Tl)e Henry Smith Charity continued lo support our Inforniation and Advice s¢rvice and £48,000 was received to ¢ov¢r cosls as50ciat¢d with running the service. Alongside the 14enry Smiih funding from Age UK cost of living fund we received a further £37,091 to assist wilh running the Information and Advice service. Puiiding from Nationwide continued to fund our client support service during the year. In total £32,500 was received to support the team. A creation of a wann space with our Barton shop was achievable after £50,000 funding by the Clothworkei's. With additional funding from the Nalional Lottery, we were able lo cr¢ale a dedicated office space above the shop and enhance the warm space further. The National ttery funding was also able to keep the digital drop in running iii North Lincolnshire until the end of March 2024 after other funding ended and provided some funding for winter warmth packs. From the National Lottery a grant of £56,410 was rec¢iv¢d. The Keep Connected service continu¢d to offer digital access and support offered thTough grants from Age UK totalling £43,255. This funding ended in November 2023 which led lo a reduction in the service unlil fui'iher funding was seciired. Through Iliis proj¢cl, we delivered winter warmth packs to vulnerable clients using a vai'iety of funding sources which totalled £89,547. Humberside Police and Crim¢ Commissioner funded the ¢harity's scams preventioii and victim suppoi'l project within North Lincolnshire. The project ended in January 2023 and during this financial year, we received £20.336 of funding, The scams prevention and victim 5UPPOrt project expanded in February 2023 after receiving funding Ihrougli Age UK and during this finaiicial year £5,537 was received. During this year the charity did not receive any legacies. Reserves policy The Finance Sub Conimittee on b¢half of the Board of Truslees conducts an annual review of the level of unr¢strtcted reserves in the general fund by considering risks a$slated with the various income streams, expenditui'e plans and balaiice gheet items. This ¢nables an ¢stimate to be made of the level of i'eserves held in designated funds required by the charity. At the yeai. end the charity has unrestricted funds amounting to £362,581. Whilsl. the strategic plan remain5 in place it is reviewed by the Board of Trustees and the Executive Manageinent Teain. In addition, the reserves policy will b¢ annually amended to take account of the worklng capital requirements of the Charity especially considering the future developments of the charity. Goii)E coneerll After inaking appropriate enquiries and continuing to review options as factors change, the Trustees have a reasonable expectation tliat the company has adequate resources to continue in operational existence for the foreseeable future, Foi. this reason, they continu¢ to adopt the going concem basis in preparing the financial slatements. Page 3
AGE UK LINDSEY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 FUTURE PLANS The Chair continues to look to strengthen the Board of Trustees and is actively looking to recruit new Trustees who will bring a wide range of skills and experience to ihe charity. The development teain continue to look fi)r relevant funding opportunilies to develop new services or maintain and expand our current service delivery. New sources of unrestricted income are always being investigated to ensure services can run through all oui. ai'¢as of benefil without thc specific need of grants being achieved. The offer of a paid for handyperson s¢rvi¢e is currently being drafied for considerdtion which could offer a small amount of unrestricted income for the charity. The land on South Slreel is for sale. After some early interest in the land. unfortunately the offers received were too far below the valuation. Plans on how to remarket the land are currently b¢ing considered. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Age UIC Lindsey is a registered company (number 3917990) and charity (number 1079691). Ils governing document is its Articles of Association. The company was incorporated on 2 February 2000 and charitable status was gained on 3 M81rh 2000. The company remained dormant until April 2001 when it took over the assets and liabilities of the unincorporated Age Concern Lindsey> I'¢gi5t¢red charity number 503533. Al th¢ boai'd meeting of 27th July 201 O the Companies House Special Resolution Form was agreed and signed by the Chairman to formally change the name of the charity to Age UK Lindsey. A Brand Partnership Agreement between Age UIC and Age UK Lindsey has taken the place of ihe Age Concern Federation memb¢rship and is the new way of working with the natioiial charity, On the 6th September 2017 an ¢xlraordinary general meeting took place before Age UK Lindsey and Age UK North Lincolnshire, registered charity number I l 01646, became one entity on the I st October 2017. R¢eruilment and appointmenl of new Irustees Duriiig the year thei'e was one appointment to the trustee board. The charity is actively seeking for new trustees to join the Board to cover any gaps in expert15e. Orgajiisational structure The day-lo-day activities of the charity are overseen by the Chief Executive Officer, supported by the Executive Teain, The Chief Executive 01ccr is managed and reports to, the Board of Trustees. The Trustees typically meet bi monihly aiid have the power to determine the quorum for the Iransaclion of busines5 provided that the quorum for the meeting of the Board.shall never be less than one quarter or ihree ofthe members of the Board. During the year a Finance Sub committee made up of the Chief Executive Ofyicer, Director of Finance and at least two men)bers of the Board including the Treasurer, met bi-monthly at two weeks prior to the full Board meetings and I'epoi'ted dii'ectly to the Board. Tlie Executive Management team for the charity comprises of the Chief Executive orricer, Director of Operations and Partnei'ships, and Director of Finance. The remuneration of these senior staty members is derived by comparing the salai'y to similai. posilions within ihe same sector and allgning this with the current charity pay scale. lllduetion trainSng of new trustees The charity has developed a Trustee Induction Pack. The Induction Pack contains two documents from the Charity Commission, "Welcome" and "The Essential Trustee" li also contains the charity's Memorandum and Articles of Association, a set of the latest Management Accounls, and a copy of the last audited Annual Accounts, the latest Annual Rei)ort, minutes from recent Board Meetings and an Age UK Lindsey Trustee Jnformation document. Thi5 pack 15 given to all new Trustees. Page 4
AGE UK LINDSEY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT RelNted parties The Lharity off¢rs a workplace pension scheme vla The People's Pension. Any individuals enrolled into the pension schenie have monthly deductions made which are then paid acTOSS monthly by the charity tncluding the employer coiilribution. A register of all the trustee I'elated parties is kept within the charity to highlight any pol¢ntial conflicts of iiit¢i'est. These are reviewed at each board meeting to ensure the register is up to date and relevant. Risk minagemenl Th¢ Board of Trustees monitor at each board meeting the major risks that the charity is exposed to and keep under review the adequacy of the systems. These systems are believed to be sufficient and appropriate to ihe size of the chai'ity and the nature of its operations. The charity has a comprehensive risk register compiled by the Board of Trust¢¢s in conjunction with tlie Ex¢culive Management team which is also regularly reviewed. REFCRINCE AND ADMINISTRATIVE DETAILS Registered Company nunibtr 03917990 (England and Wales) Registered Charity number 1079691 Registered office The Old School House Manor House Street Horiicastle Lincolnshire LN9 5HF Trustees Mrs C E Parker Robson Canon J Thorold Cllr O C Bierley Ms R Dobbs Mr l Brown Mrs C L Markham Mr J D Brindle Ms A Watson Cllr K Carless (appointed 7.2.2024) The chairman of the board of trustees is Mrs Parker Robson, the vice-chairman is Canon Thorold and the treasui¢r is Cllr Bierley. Compaiiy SeeretAry Mrs C E Parker Robson Auditors Dextei. & Sharpe Audit Services Ltd (Statutory Audilor) Rollestone House Bridge Sireet Horncastle Lincolnshire LN9 5HZ Page 5
AGE UK LINDSEY TRUSTEES. REPORT FOR THE YEAR ENDED31 MARCH 2024 REFERLI NCE AND ADMINISTRATtVE DETAIiS Sollciton Wilkin Chapman Oxley House Lincoln Way Louth LNI I OLS BRiikers Lloyd.s Bank PIC 202 High Street Lincoln LN5 7AP Shawbrook Bank Limited Luiea Ilouse Warley Hill Business Park The Drive, Great Warley Brentwood Essex CM13 3BE Chief executive officer Mr A Storer •TATEME]YT OF TRUSTEES, R&SPONSI BILITIES The Irustees (who are also the directors of Age UK Lindsey for the purposes of Company law) are responsible for pi'epai'ing the Trustees, Report and the financial statemenls in accordance with applicable law and United Kingdom Accountin¥ Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affaii's of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, tlie trustees are r¢quired to select suitable accounting policies and then apply them consistently. obsei've Ihe methods and principles in the Charity SORP; make judgeimeiils and cslimatLS thal arc reasonable and prudent, prcpai'¢ the findncial statements on th¢ going concern basis unless it is inappropriate to presume that the charitable company will continue in busines8. The trustees al'e responsible for keeping proper accounting records which disclose with reasonable ac¢ui'a¢y at any tiine the financial position of the charitable company and to enable them to ensure thal the financial slatements comply with the Companles Act 2006, They are also responsible for saleguarding th¢ asset5 of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Irustees are aware: there As no I'elevant audit information of which the charitable company's auditors are unaware: and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infoi'matlon and to establish that the auditors are aware of that information. AUDITORS The auditors, Dexter & Sharpe Audit Services Ltd. will be proposed for re-appointment at the forthcoming Annual General Meeting, Page 6
AGE UK LINDSEY TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 This report has been pr¢pared in accordanc¢ wÉth the special provisions of Part 15 of the Companies Act 2006 relating lo small companies, Approved by order of the board of trustees on 25 September 2024 and signed on its behalf by.. Mrs C E Parker Robson - Trustee Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK LINDSEY Opinio We have audited tlie financial statements of Age UK Lindsey (the 'charitable company,) for the year ended 31 March 2024 which comprise the Statement of FÉnaDcial Activities. the Balance Sheel, the Cash Flow Slatement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting fi'amework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial slatemenls: give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of i'esources, including its income and expenditure, for the year then ended. have been properly prepared in accordance with Uniled Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006, IIAsis for opinluii We conducted our audit in accordance with Internalional Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibiliiies foi. the audit of the financial statements section of our report. We are independent of the charitable company ii) accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, includin¥ the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believ¢ Ihal the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of a¢counting in the preparation of the financial slalements is appropi'iate. Based on the woi'k we have performed, we have not identified any material uncertainties relating to events or condilions that, individually or collectively, may cast significant doubt on the charilabl¢ companys ability to continue as a going concei'n foi. a period of al least twelve monlhs from when the financial statements ar¢ authoi'ised for issue. Oui. respoiisibilities and the responsibilities of the trustees with respect to going concern are described in Ihe relevant sections of this report. I mph#sl8 of mgtler AGE UK Lind$ey have found cashflow to be particularly light during this year, which the Trustees ale vei'y aware ot", it is being closely monitored by tl)e Trustees and steps have been put iiito place to miligale ihis issue. They al'e not only looking to sell some land they have also been obiaining some grant funding, some of which has been confirmed with mol'e wailing for a decision to be made. The Trustees are also looking at ways of getting more income from the Cliai'ity shops they have, we therefore feel the Trustees are taking control of the silualion and are acting accordingly. Other information The ti'ustees ai'¢ rponsible for the other inforniation. The other inforniation compris¢s the information included in the Anniial Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the exlent otherwise explicitly stated in our report, we do not express any form of assurance conclusion ihereon. Iii connection with our audil of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the fanCIal staleinents or our knowledge obtrained in the audit or otherwise appears to be materially misstated. If we identify such material incon5iStencies or appai'ei)t material misstatements, we are required lo determine whether this gives rise to a material misstatemeiit in the financi111 statements themselves. If, based on the work we have performed, we ¢onclude that there 15 a Inateri&l misstatement of this other information, we are required to report that fact. We have nothing to report in tliis regai'd. Opinions on other matters prescribed by the Compaiiies Aet 2006 In our opinion, based on the work undertaken in the course of the audit: the intormation given in the Ti'ustees, Report for the financial year for which the financial statements are prepai'ed is consistent with the finanuial statements. and the Ti'ust¢¢s' Report has been prepared in aCCordare with applicable legal requirement5. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK LINtY3EY Matters on Ivhi¢h we are required to report by excepilo Iii the light of ihe knowledge and understanding of Ihe charitable company and its environment obtaii)ed in the course ,of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respeci of the following matters where the CompaT)ies Act 2006 requires us to repoi't to you if. in our opinion,. adequate accounting records have not be¢n kept or returiis adequate for our audit have not been received from branches i)ot visited by us. or lh¢ financial statements are not in agreement with the accounling records and Telurns. or cei'lain disclosures of trustees, remuneration specified by law are not made,. or we have nol received all the information and explanalions we require for our audit; or the trustees were not entitled lo take advantage of Ihe small coinpanies exemption from the requirement to pi'epare a Strategic Report or in preparing the trustee5' Report. R¢sponsiblllties of tru5tee5 As ¢xplained more fully in the Statement of Trustees, R¢sponsibilities, the trustees (who are also the directors of the charitabl¢ Cornpany for the purposes of company law) are responsible for the prepardtion of the financial statements and foi. beingy satisfied tliat they give a true and fair view. and for such internal control as the Iru,stees determine is necessary to enable Ilie preparatioii of financial statements that are free from material misstatement, whether due lo fraud or ei'roi., Jn preparing the financial 5taternents, the Iru5tees are responsible for assessing ihe charitable company's ability to contiiiue as a going concern, disclosing, as applicable, matters r¢lated to going concern and using the going concei'n basis of accounling unless the truste¢s either intend to liquidale the charitable company or to cease operations, or hav¢ no I'ealislic alternative but to do so. Our responsibilities for the audll of the fin4nelAI statements Oui. objectives are lo obtain reasonabl¢ assurance about whether the financial statements as a whole al'e free fi'om material misstatement, whether du¢ lo fraud or error, and to issue a Reporl of the Independent Auditors that includes our opinion. Reasonable assui'ance is a high level of assurance, bul is not a guarantee that an audit conducted in accordaTice with ISAS (UK) will always delect a material misslatemenl when il exists. Misstateinents can arise from fraud oi. eri'or and are considered material if, individually or in the aggregate, they could reasonably be expected io influeiice the ¢conomic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of delecting irregularities, including fraud is detailed below.. we have enquired of those charged with governance around actual and polential litigation and claims, we have reviewed financial slalement disclosures and testing lo supporting documenlation to assess compliance with pplicable18ws and regulations, enquii'ed of staff engaged in the completion of VAT, tax and compliance work to identify any instances of non oinpliance with laws and regulalii)ns. audited the risk of management override of controls including review of journal entries and large or unusual transaction, evaluating the business rationale of any significant transactions outside the course of business. A fui'ther desci'ipiion of our responsibilities for the audit of ihe financial statements is locat¢d on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of oui. Report of the Independent Auditoi's. Page 9
REPORT OF THE IIYDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK LINDSEY Mrs Nicola Michelle Lenton FCCA (Senior Statutory Auditor) foi. and on behalf of Dextcr & Sharpe Audit Services Ltd (Statutory Auditor) Rollestone House Bridge Street Horn¢astle Linoolnshire LN9 SHZ 25 September 2024 Page 10
AGE UK LINDSEY STATEMENf OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Tolal funds 2023 Total funds Unr¢stri¢ted fund5 Restricted funds Notes I]YCOME AND ENDOWMENTS FROM Donation5 and legacies 74,920 530,333 605,253 291,4M Charitable aetivi(ies Coniinui)ity Engagemcnt 180 Oihei. trading activities Inv¢stinent income 713,183 263 713,183 1,449 705,544 617 1,186 Tolal 788,366 531,519 1,319,885 997,785 EXPFNDITURE ON Raising funds 908,137 424 908,561 698,519 ChAritable a¢tiville$ Developmenl Befriending Inforniation and Advice Community Engagement Ke¢p Connected Voliinteer Visitor Host Project 1,619 1,619 96,521 240,201 2,126 51,607 180,801 30,531 67,031 1,752 96,521 239,970 231 129,045 129,045 TolAI 909,987 465,960 1,375,947 1,032,367 NET INCOMEI(EXPENDITURE) Trwnsfers belween funds (121,621) 70,285 65,559 (70,285) (56,062) (34.582) 21 Net movement in funds (51 J36) (4,726) (56,062) (34,582) RECONCILIATION OF FUNDS Total funds brought forward 413,917 26,776 440,693 475,275 TOTAL FU]YDS CARRI ED FORWARD 362,581 22,050 384,631 440,693 The notes fonn part of these financial slatements Pagell
AGE UK LINDSEY (REGISTERED NUMBER: 03917990) BALANCE SHEET 31 MARCH 2024 2024 Tolal fund5 2023 Total funds Unrestricted funds Restricted funds Nol¢s FIXED ASSEI TS Tangible assets 15 301,294 301,294 316,753 CURRENT ASSETS Stocks Debtors Cash at bank and in h8nd 16 95,038 89,311 95,038 111,361 51.901 181,550 22,050 184,349 22,050 206,399 233,451 CRF,DITORS Amounts falling due withtn one year 17 1110,517) (110,517) (109,511) NET CURREIYT ASSETS 73,832 22,050 95,882 123,940 TOTAL ASSETS LE&S CURRENT LIABILII'lbS 37S,126 22,050 397,176 440,693 CREDITORS Aniounls falling duc after more than on¢ year 18 (12,545) (12,545) NET ASSETS 302,581 22,050 384,631 440,693 FUNDS Unresti'icted funds Restricted funds 21 362,581 22,050 413,917 26,776 TOTAL FUNDS 384,631 440,693 Thes¢ financial statements have been prepared in accordance with the provisions applicable to charitabl¢ companies subject to the small companie5 regim¢. 'rhe financial statements were approved by th¢ Board of Trustees and authorised for issue on 25 September 2024 and were signed on its behalf by: Mrs C E Parker Rob50n - Trustee Cllr O C Bierley- T The notes forni part of these financial statements Page 12
AGE UK LINDSEY CASH FLOW ATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Casl) flows from operatiijg aetiviti¢$ Cash generated from operation5 Finance rosts paid 48,981 (6,393) (19.030) (7,877) Nel cash provided byl(used in) operating activities 42,588 (26,907) Cash flows from illvesllng acttviti Puichase of tangible fixed assets Sale of tangible fixed assets Interest received (127,742) (5.949) 20 617 1,449 N¢t cash used in investing activities (126,293) (5,312) C2sli flows from finaii¢ing actfvities N¢w loans in year Loan repayments in year 19,300 (5,784) (15.400) Net cash provided by/(used in) financing acttvities 13,516 (15,400) Cli#nge In eash and cash equlvAlents in the reporting period CAsli Aiid easli equivilents At the begiiiiilng of the reporllng period (70,189) (47,619) 181,550 229,169 Cash and c&sh equivalents at Ihe end of tlie rtporting period 181,550 The notes forni part of these financial slatements Pag¢13
AGE UK LINDSEY NOTES TO THE CASH FLOW STATE.MENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net expenditiire for the reporling period (as per the Statement of Financial Aclivilie5) Adjustments for: Depreclation charges Profit on disposal of fixed assets Interest received Finance costs (Increase)Idecrease in debtors Increase/(decrease) in creditors (56,062) (34,582) 143,201 28,172 (20) (617) 7,877 189 (20,049) (1,449) 6,393 (43,137) 35 Nel eash provlded byl(used in) operations 48,981 (19,030) AIYALYSIS OF CHANCES IN NET FUIYDS At 1.4.23 Cash flow At 31,3.24 Net c4sh Cash al bank and in hand 181,550 (70,189) 111,361 181,SS0 (70,189) 111,361 Debt Debts falling due within l year Debts falling due after l year (2,567) (971) (12,545) (3,538) (12,545) (2,567) {13,516) (16,083) Total J 78,983 {83,705) 95,278 The notes form part of thes¢ financial statements Page 14
AGE UK LINDSEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 GENERAL INFORMATION As sel out in the trustees, report, Age UK Lindsey is an incorporated charity. limited by guarantee, registered in England aiid Wales. The address of the principal office of the charity, which is the same as Ihe addi'ess of its company I'¢gistered office, can be found undcr reference and adrninislraiive details within the trustees, report. The principal objectivc of the charity 15 to promote the relief of older people in any manner, which now or heyeafter may be deemed by law to be charitable, within the districts of East and West Lindsey and North Lincolnshire. The boai'd of trustees is aware of the need for the charity to provide public benefit and has paid due regard to the guidance on public benefit issued by the Charity Commission, These financial statements have been prepared in pound sterling* which is the functional currency of ihe entity. ACCOUNTING POLICIES Basis of preparing the finAncial stalem¢nts The financial Statements of the charitabl¢ company, which is a public benefit entity under FRS 102, liave been prepared in accoi'dance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities,. Slalement of Recommended Practice applicable to charities preparing their accounts in accoi'dance with the Financial Reporting Slandai'd applicable in the UK and Republic of Ireland (FRS 102) (effectiv¢ l January 2019),, Financial Reporting Slandard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The finaT)cial statements have been prepared under the histoi'ical cost convention. Income All income is rccognised in the Statem¢nt of Financial Activities once the charity has entitlement to the funds, it is probable that the incom¢ will be received and the amount can be measur¢d reliably. The i'ecognilion of income from legacies is dependent on establishing entitlement, 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 sutricient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the deaih of a benefactor) and the executor is s&lisfied that the propei'ty in queslion will not be required to salisfy claims in th¢ estate. Receipi of a legacy must be recognised when it is probable thal il will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to Ihe charity, can be reliably measured. Gvdnts are included in the Statement of Financial Activities on a receivable basis. The balance of inrne reccived for specific purposes but not expended during the period As 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 credilors as deferred income. Where entitlement occurs before income is received, Ihe income is ac¢rued. Government grants relating to langible fjxed assets are treated as deferred income and released to the Statement of Financial Activitie8 over the expected use1 lives of the assets concerned, Other govei'ftment granls are redited to the Stateinent of Financial Aclivities as the related expenditure is incurred. Incorne tax recoverable in relation to investment income is recognised at the time tl)e investment income is receivable. Page 15 continued...
AGE UK LINDSEY NOTES TO THE FINANCIAL ST ATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTIIYG POLICIES - eontinued Expendilure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third Poty, it is probable that a transfer of economic benefits WAII be required in settlement and 11)e 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. Diiect costs attributable to a single activity are allocated directly to that aclivity. Shared c051s tliat contribute to more than one activity, and support costs that are not attributable to a single activity, are apportioned between those activities on a basis consisl¢nl wilh the use of resources. Expenditure oil I'aising funds includes all expenditure incurred by the company io raise funds foi. ils charilable purposes and includ¢s cosls of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activilies that furth¢r th¢ ¢oinpaiiy' objectives as well as any associated support costs. All expenditure is inclusive of irrecoverable V AT. T4iigible fixed asset5 Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fi'eehold pi'operty Long leasehold Other equipment Fixtures and fittings Motoi. vehicles not provided Over the lerm of the lease 200/0 on cost 20 % on cosl 250/0 on cost Tangible fixed assets ¢osting £1 00 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be rneasured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets al'e measured at G05t less accumulated depreciation and any accumulated impairmeiit losses. All costs incurred to bring a tangible fixed asset into its intendcd working condition are included in lh¢ measuremeiit of cost. Taxallon The charity is exempt from corporation tax on its charitable aclivities. Fund aecountillg General funds are uni'estricted funds that ar¢ available for use at the discretion of the trLlStees in furtherance of the general objectives of the company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been sel aside by the trustees for particular pui'poses, The aim and use of each designated fund is set out in the notes to the financial statements. Restricted fuiids are funds that are to be used in accordance with specific restrictions iinposed by donors or that have been raised by lh¢ charity fiir particular purposes. The costs of raising and administering such funds al'e charged against the speciflc fund. The aim and us¢ of ¢ach restricted fund 15 set out in the noles to the financial stalements. Investment income, gains and105se5 are allocated to the appropriate fund. Debtors Ti'ade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. Page 16 continued...
AGE UK LINDSEY NOTES TO THE FI]YANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- eontinued Debtors Cash at bank aiid in hftnd Cash at bank and in hand includes cash and short-temi highly liquid investments with a short Inalurity of thi'e¢ months or less from the date of acquisition or opening of the deposit or similar account. Liabilfitles provisions Liabilities are r¢co8nised when there is an obligation at the Balance Sheet date as a result of a past event, it is pi'obable Ihat a transfer of economic benefit will be required in settlement, and the ainount of th¢ settlement can be estimated reliably, Liabililies are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it ha5 received as advanced payments for the goods or services it musl provide. Provisions are ine&sured at the best estimatc of lh¢ amounts required to seltle 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 specifi¢ to the liability, Th¢ unwinding of th¢ discounl is r¢cognised in the Statement of Financial Activities as a finance cosl, DONATIONS AND LEGACIES 2024 2023 Donations Grants 68,874 536,379 44,329 247,115 605,253 291,444 Gi'ants i'eceived, included in the above, are as follows: 2024 2023 Gi'ants 536,379 247,115 OTHER TRADING ACTIVITIES 2024 2023 Shop iiicome Insurance commissions Other activities for g¢nerating funds 713,J65 686,035 15.136 4,373 18 713,183 705,544 Page 17 continued...
ACE UK LINDSEY NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2024 INVESTMENT INCOME 2024 2023 Deposit account interest 1,449 617 INCOME FROM CHAIUTABLE ACTIVITIES 2024 2023 Activity Community Engagement Community engagement 180 RAISING FUNDS Other Iradliig 4c¢ivities 2024 2023 Purchases Staff Costs Premises expenses Office costs Equipment, repairs and servicing Professional fees Awards given - Gerttijde Penny Meeting Costs Other staff expenses Depreciation Interest payable and similar charges 12,971 546,768 119,524 28,697 43,142 2,885 424 1,463 11,469 134,1125 6,393 10,954 464.344 110,251 23,076 38.396 7,445 464 215 9,270 26.227 7,877 908,561 698,519 CHARITABLE ACTIVITIES COSTS Support costs (see note 9) Direct Costs Totals Development Befriending Intormation aiid Advi¢e Keep Connected 1,619 80,051 147,468 112,575 1,619 96,521 240,201 129,045 16,47 92,733 16,470 341,713 125,673 467,386 Page18 continued...
AGE UK LINDSEY NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Governance costs Management Totals Befriending Information and Advice Keep Connecl¢d 16,115 90,889 16,115 355 1,844 355 16,470 92,733 16,470 123,119 2,554 125,673 io. NET INCOMEI(EXPENDITURE) Net in¢omel(expenditure) is staled after chargingl(crediting): 2024 2023 Depreciation - owned assets 143,201 28,172 TRUSTEES, REMUNERATION AND BENEFITS Thei'e were no trustees, remuneration or other benefjts for the year ended 31 March 2024 nor for the year ended 31 March 2023, Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. 12. STAFF COSTS Total staff cost5 and employee benefits are made up as follows: wages and salaries £775,520 (2023 - £641,818), social security costs £40,412 (2023 £38,017) and employerfs contribution to defined contribution pension schemes £21,055 (2023 - £16,817). The average monthly number of employees during the year as follows: 2024 48 2023 43 Total employees No employee5 received emoluments An excess of £60,000. Page 19 continued...
AGE UK LINDSEY NOTES TO THE FINANCIAL sfATEMEwfs - Continued FOR THE YEAR ENDED 31 MARCH 2024 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Resti'icted funds Total funds INCOM E AND ENDOWMENTS FROM Donations and legacies 44,203 247,241 291,444 Charilable aclivities Cominunity Engagement 180 180 Other trading activities Investment income 705.544 169 705,544 617 448 Tolal 750,096 247.689 997,785 I XPENDITURE ON Raising funds 698,055 464 698,519 Charltable activlties Developinenl Befriending Inforinalion and Advice Community Engagement Keep Connected Volunl¢¢r Visitor Host Proje 2,126 2,126 51,607 180,801 30,531 67,031 1,752 51,607 180,487 314 30,531 54,124 12,907 1,752 Tolal 785,1 $0 247,217 1,032,367 NET INCOMCI{EXPINDITURE) (35,054) 472 (34,582) RECONCILIATION OF FUNDS Total funds broughi forward 448,971 26,304 475,275 TOTAL FUNDS CARRIED FORWARD 413,917 26,776 440,693 14. AUDITOR'S REMUNERATION The fees payable to the charity's auditor for the statutory audlt of the accounts was £3,250 (2023 - £3.250). Th¢ fees payable to the charitys auditor in respect of accountancy services w&8 £1,000 (2023 - £1,000). Page 20 continued...
AGK UK LINDSEY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 15. TANCIBLE FIXED ASSETS Freehold propety Long l¢asehold Other equipment COST Al l April 2023 Additions Disposals 284,944 102,577 117,356 (776) 21,426 1,930 At 31 March 2024 284,944 219,157 23,356 DEPRECIATION Al l April 2023 Charge for year Eliminalcd on disposal 75,678 128,630 {776) 20,342 2,417 At 31 March 2024 203,532 22,759 NET BOOK VALUE Al 31 March 2024 284,944 1 S,625 597 At 31 March 2023 284,944 26,899 1,084 Fixlures and rittings Motor vehicles Ol¢e equipment Totals COST At l April 2023 Additions Disposals 3,358 45,142 55,966 8,456 (125) 513,413 127,742 (1,040) (139) At 31 Marth 2024 3219 45,142 64,297 640,115 DEPRECIATION Al l April 2023 Charge for year Eliminated on disposal 3,178 ss (139) 41,991 3,149 55,471 8,950 (125) 196,660 143,201 {1,040) At 31 March 2024 3,094 45,140 64,296 338,821 I T BOOK VALUE At 31 March 2024 125 301,294 At 31 March 2023 180 3,151 495 316,753 Page21 continued...
AGE UK LINDSEY NOTES TO THE FINANCIAL STATEMEiYfs - contlRued FOR THE YEAR ENDED 31 MARCH 2024 16. DEBTORS: AMOUNTS FALLING DUE THll ONE YEAR 2024 2023 Trade debtors Oth¢r debtors Prepayments and accrued in¢om¢ 9,111 68,250 17,677 5,446 25,890 20,565 95,038 51,901 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other loans (see note 19) Ti'ade creditors Social secui'ity and other taxes Accruals aiid other creditors Deferred income 3,538 44J73 10,896 23,768 27,942 2,567 8,325 8,088 43,798 46,733 110,517 109,511 Of the £46,733 deferred income from previous reporting periods, £46,733 was released in the current year. Income d¢fei'ied in the current year ainounted 10 £27,942, resulting in total income deferi'ed at the balance sheet dale of £27,942. 18. CREDITORS: AMOUNTS FALLING DUE AYfER MORE THAIY ONE YEAR 2024 2023 Other loans (see note 19) 12,545 19. LOANS An analysis of the maturity of loans is given below: 2024 2023 Amounts falling du¢ within one year on demand: Other loan5 3,538 2,567 Amolints falling betw¢¢n one and two years: Oiher loans - 1-2 years 12,545 Page 22 conlFnued...
AGE UK LINDSEY NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR Eh'DED 31 MARCH 2024 20. LEASING AGREEMEIYTS Minimum lease payments under non-cancellable operating leases fall due as follows: 2024 2023 Wilhin one year Between one and five years 95,279 102,879 80,333 112,525 198,158 192,858 21. MOVEMENT IN FUNDS Nel movement in funds Transfers between funds At 31,3,24 At 1.4.23 Unrestricted fund$ Free resei've5 Fixed asset reserve Sli'ategic Plan desigiiated fund 13204 (134,825) (13,204) 119,366 (35,877) 316,753 97,164 301,294 61,287 413,917 (121,621) 70,285 362,581 Reslrleted funds oihei. I'esti'i¢ted grani funding GP Award Gei'trude Penny Bequest Fund Volunt¢¢r Visitor Host Project 69,797 (5,000) 762 (69,797) 5,000 (5,000) (488) 26,288 488 22,050 26,776 65,559 {70,285) 22,050 TOTAL FUNDS 440,693 (56,062) 384,631 Page 23 coiitinued...
ACE UK LINDSEY NOTES TO THE FINANCIAL ATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 21. MOVEMENT IN FUNDS - continued Net movement in funds, in¢lud¢d in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Fl'ee reserves Fixed asset i'eserve 788,366 (775,162) (134,825) 13,204 (134,825) 788,366 {909,987) (121,621) Re$trleted funds other reslricted grant funding Eon Benefits GP Award Henry Smith Grant- I&A Henry Smith Grant- KC and B¢frAendRng Gertrude Penny Bequest Fund Eon Handyperson Pi'oje¢t Grant Winter Health Grant WLDC - Befriending Age UK Cost of Living Digital Champions Project Grant Scnins Prevention Project Grant Lottery Community COL SHINE Nuclear Waste Services 204,199 24,924 {134,402) {24,924) (5,000) (32,774) (24,153) (424) (7,049) (91,047) (4,690) (23,980) (43,255) (26,357) {15,827) (23,820) (8,258) 69,797 (5,000) 32,774 24,153 1,186 7,049 91,047 4,690 23,980 43255 26J57 15,827 23,820 8,258 762 531,519 (465.960) 65,559 TOTAL FUNDS lJ19,885 (1,375,947) (56,062) Comparatlves for movement in funds Net movement in funds Transfers between funds At 31.3,23 At 1.4.22 Unrestricted funds Free i'eserves Fixed asset reserve Sti'ategir Plan designated fund (8,827) (26227) 8,827 4,004 (12,831) 338,976 109,995 316,753 97,164 448,971 (35,054) 413,917 Restricted funds Gertrude Penny Bequest Fund Volunteer Visitor Host Project 26,304 (16) 488 26,288 488 26,304 472 26,776 TOTAL FUNDS 475,275 (34,582) 440,693 Page 24 continued.
AGE UK LINDSEY NOTES TO THE FINANCiAL STATEMEYTS - continued VOR THE YEAR ENDED 31 MARCH 2024 21. MOVEMENT IN FUNDS- continued Comparative nel movement in nds, included in the above are as follows: Incoming resoui'ces Resources expended Movement in funds Unr¢strlcted funds Fl'ee i'eserves Fixed asset reserve 750,096 (758,923) (26,227) (8,827) (26,227) 750,096 (785,150) (35,054) Restrl¢ttd funds oihcr rcslriclcd grant funding Eoii Benefits Henry Smith Graiit- I&A Later Life Goals Grant Henry Smith Grant- KC and Befriending Gertrude Penny Bequest Fund Eon Handyperson Project Grant Winter Health Grant Liiics Community Trust Volunteer Visitor Hosi Project LCC - Managed Care Network Age UK Cosl of Living NGED Cominunity Grant Di8ital Ch81npions Project Grant Scams Pi'evention Project Grant 70,889 11,788 31,365 15,103 24,307 448 7.760 32.410 1,564 2,240 7,500 1,910 4,500 28,745 7,160 {70,889) (11,788) (31,365) (15,103) (24,307) (464) (7,760) (32.410) (1,564) (1,752) (7,500) (1,910) (4,500) (28,745) {7,160) (16) 488 247,689 (247,217) 472 TOTAL FUNDS 997,785 (1,032,367) (34,582) A curr¢nl y¢ar 12 months and prior year 12 months combined position is as follows: Net movemenl in funds Transfers between fund5 At 31,3,24 At 1.4.22 Ui)r¢stricted fund5 Free reserves Fixed asset reserve Strategic Plan designated fund 4,377 (161,052) (4,377) 123,370 (48,708) 338,976 109,995 301.294 61,287 448,971 (156,675) 70,285 362,581 Restricted funds Other restricted grant funding GP Award Gerti'ude Penny Bequest Fund Volunt¢ei' Visltor Host Project 69,797 (5,000) 746 488 (69,797) 26,304 (5,000) (488) 22,050 26,304 66,031 (70,285) 22,050 TOTAL FUNDS 475,275 (90,644) 384,631 Page 25 conttnued,..
AGE UK LINDSEY NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED 31 MARCH 2024 21. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources ¢xp¢nded Movement tn funds Unrestrieted funds Free reserves Fixed asset reserve 1,538,462 (1,534,085) (161.052) 4,377 (161,052} 1,538,462 (1,695,137) (156,675) Restricted funds Other restricted grant funding Eon Benefits GP Award 14enry Smith Grant- I&A Later Life Goals Grant Henry Smitl) Grant- KC and Befriending Gerlrude Peni)y Bequest Fund Eon Handyperson Project Grant Winter Heaiih Grant WLDC- Befriendiiig Lincs Coinmunity Trust Volunleei. Visitor Host Project LCC - Managed Cal'e Network Age UK Cost of Living NGED Community Grant Digital Champions Project Grant Scams Prev¢ntion Project Grant Lottery Community COL SHINE Nuclear Waste Services 275,088 36,712 (205,291) (36,712) (5,000) {64,139) (15,103) (48,460) (888) (14,809) (123,457) (4,690) (1,564) (1,752) (7,500) (25,890) (4,500) (72,000) (33,517) (15,827) (23,820) (8,258) 69,797 (5,000) 64,139 15,103 48,460 ,634 14,809 123,457 4,690 1,564 2.240 7.500 25,890 4,500 72,000 33,517 15,827 23,820 8,258 746 488 779,208 (713,177) 66,031 TOTAL FUNDS 2,317.670 {2,408.314) (90,644) Free reserves The unre5trict¢d reserves are expendable at the discretion of the trustee5 in the furtherance of th¢ chai'itable objectives. Fixed 4sseÉ reserve The fixed asset general reserve represents the net book value of fixed asset purchases from general funds. Str#tegic Plan designated fund Thls fund has been earmai'ked by the trustees to be spent on the befriending service and the development of any other initiatives as identified in the Strategic Plan. During the year a transfer of £35,877 from the Strategic Plan fund was made to free reserves to support activity in thi5 area, Other restricted grant rundlng This r¢pi'esents small and ad hoc grant funding for the provision of support and advice to older people in Lindsey. Page 26 continued.
ACE UK LINDSEY NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2024 21. MOVEMENT IN FUNDS - eontinued i on Benefils This fund is for the provislon of information and advice sessions with the emphasis on saving money on energy and/or finding money to help with paying for energy bills. Henry Smitli Grant- I&A The Heiiry Smith Charity awards fvnding towards a project providing infonnation and advice for older people in East and West Lindsey. The granl is lo be spent towards the salary and on-cosls of four part-time Infoi'inalion and Advice Officers over a thi'ee-year period. Lnter Llfe Goals Crant Tliis grant Ihi'ough Age UK 15 to be used to support individuals as they go through significant life events to help achieve individual goals, tackle loneliness and reduce financial hardship. Henry Smith Grant- Keep Connected These funds are awarded to support the Charity's befriending service ai)d Ihe K¢ep Connected services. Henry Smitli - Befrieiiding These funds arc awarded to support the charity's befriending services. Gertrud¢ Penny Bequest Fund This fund is for the relief of suffering of older people living in East and W1 Lindsey. Awards from Ihe fund can be for anything Ihal contributes towards the relief of physical or mental suffering of oldei. people. Income into Ilie fund was fmm the interest received on the cash dep05ils held. During the last two yeai's we have supported three individuals, two with lop ups of their oil tanks and one to purchase a tablet. i on HAndypersoii Project 'rhis fiind is for carrying out energy checks and providing energy-saving equipment such as radiator foils, draught excluders and low-energy lightbulbs, Winter Health GrAnl These funds are awarded for the purpose of supporting local winter health campaigns through messaging and outreach lo lielp older people during winter. Through this fvnding we were able to deliver 970 wintei. warnith packs to clients struggling with the rise in the cost of living. WLDC - Befriending Thcse funds wer¢ awarded by WLDC for the purpose of pr()viding befriending services for older people in West Lindsey. Lines Coinmunity Trust Thes¢ funds are awarded by Lincs Community Foundation to fund motor vehicle running costs in I'elation to Keep Connected services. Voliintecr Visitor H05t Project This pi'oject was lo suppoit Care Homes in providing Covid testing to allow visitors to safely return within local care hom¢s. The project wa5 ran in conjunction with Age UK Lincoln and South Lincolnshire across the county. LCC- Managed Care Nehvork Along the coastal section of East Lindsey and also within rural communities in East Lindsey this funding was used to develop individuals digital skills and off¢rd a tablet loan scheme to clients. Age UK Cost of Living This funding from Age UK has enabled our Infomiation & Advice service to reach more clients struggling with the fiiiancial iinpacts of the increased ¢ost of living. Page 27 Continued...
AGE UK LINDSEY NOTES TO THE FINANCIAL sfATEMENTS - Continued FOR THE YEAR ENDED31 MARCH 2024 21. MOVEMENT IN FUNDS- eoDtRnved NCED Conimunity Grant The funding was used to support of THRIVE at home project which entailed clients being able to stay safe and warm over the winter period, The funding also provided 30 winler warmth packs for tli¢s¢ clients. Digital Champions Project Grant The funding through Age UK is being used io to improve the digital skills and for tablets to be loaned foi. an average period of 3 months. Once the tablets have been loaned individual support is offered in person or ovei. Ihe phone to increase confidence with using ihe equipment safely. SCAMS Preventloii Proj¢et Grant The scams project is being ran within the funding from Humberside Police and Crime Commissioner. The projLct supports clients who have been victims of a scam and also run scams awaren¢ss talks. 'I"he project links to our Information and Advice service and our befriending service to ensure clients I'eceive all the suppoit iequired. Lottery Community COL The fiinding is for use within our THRJVE in the community proj¢ct to support digital services and information, advice and signposting within North Lincolnshire. The funding also enabled additional winter warmth packs to be dislributed in North Lincolnshire and a small refurbishment of the office space at Barion shop for these scrvices to be conducted from. SHINE The funding is to 5UPPOrt our East Linds¢y befriending service. Through this funding we liave been able to open more friendship groups for clients with a varieiy of activities on off¢r alongsid¢ our usual befriending service. NueleAr Waste Services The funding is to support our befriending service specifirAlly around the Theddlethorpe area in Ea51 Linds¢y. There have been friendship groups opened witl)in the area and additional support for befi'iending clients witliin the area. 22. CAPITALCOMMITMENTS 2024 2023 Contracted but not provided for in the financial statements 102,095 23. RELATED PARTY DISCLOSURFS KLY Manxgemeiit Personnel Compensation The key manag¢ment personnel of the charity in rec¢ipt of compensation is mad¢ up of the executive team, which comprises the Chief Executive Ol¢er, the Director of Finance and Ihe Director of Operations and Pai'tnerships. 1.he total key inanagement personnel compensation for the year was £107,594 (2023 - £99,751). Other Related Party Transielion Mrs C L Markham, one of the charity's trustees, is the sole director of F.H. Matming Financtal Services Ltd. Tl)e charity i'eceived donationslsponsorship in the year from F.H. Manning Financial Services Ltd amoui)ting to £708 (2023 - £250). Page 28
AGE UK LINDSEY DETAILED STATEMENT OF FINANCIAL ACTIVITJES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS DonAtions And legacies Donalioi)s Grants 68,874 536,379 44.329 247,115 605,253 291,444 Other trading activities Shop income Iiisurance commissions Other acliviti¢s foi. generating fvnds 713,165 686.035 15,136 4,373 18 713,183 705,544 Inveslmtllt ltheome Deposit account interest 1,449 617 Chllrillblt hctiv•ties Coinmunity engageinent 180 Total incoining resources ,319,885 997,785 EXPEI NDITURE otlicr tr4dlng Activities Pyrcha5es Wages and salaries Piemises expenses Office cosls Equipment, repairs and servicing Profe55ional fees Awards given - Gertrude Penny Meeting costs Other staff expenses Dcpreciation and loss on disposal Bank charges 12,971 S46,768 119,S24 28,697 43,142 2,885 424 ,463 11,469 134,825 10,954 464,344 110,251 23,076 38,396 7,445 464 215 9,270 26,227 I I 6,393 7,877 908,561 698,519 ChAritable actlvities Developinent Befriending Information and advice Community engagenient Age UK Keep Connecled Carried forward 1,619 80,051 147,468 2.126 36,764 103,414 137 44,161 186,602 112,575 341,713 This page does not fom] part of the statutory financial statements Page 29
AGE UK LINDSEY DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Charitable activities Brought forward Volunteer visitor host project 341,713 186,602 1.548 341,713 188.150 Siippoyl costs Management Reallocations and other costs 123,119 143,045 Goveriiance costs Reallocations and other costs 2,554 2,653 Total resources expended 1,375,947 1,032,367 Nel expenditure (56,062) (34,582) This page does not form part of the statutory financial statements Page 30