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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 07640867 (England and Wales) REGISTERED CHARITY NUMBER: 1150939

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

AGE UK NORTH EAST LINCOLNSHIRE

AGE UK NORTH EAST LINCOLNSHIRE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 15

AGE UK NORTH EAST LINCOLNSHIRE (REGISTERED NUMBER: 07640867)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in developing future activities.

The principal object of the charity is to promote wellbeing and make later life a fulfilling and enjoyable experience for people over the age of 50 living in North East Lincolnshire.

We have referred to the guidance contained in the charity Commission's general guidance on public benefit and complied with section 17(5) of the 2011 charities Act when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees/Directors consider how planned activities will contribute to the aims and objectives they have set .

Page 1

AGE UK NORTH EAST LINCOLNSHIRE (REGISTERED NUMBER: 07640867)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Social activities have included: Chair-based exercise, Bingo, Tai Chi, scrabble, In addition , our ever-popular Luncheon Club provides a fresh roast dinner and home-made pudding every Tuesday with a hot meal delivery service now available Monday to Friday. Customers old and new can relax and enjoy a drink, meal and light snack in our Pop-In Cafés, both in Grimsby & Cleethorpes, which is increasing greatly in numbers using it on a daily basis, all provided by our hard-working team of staff & volunteers. Our drivers continue to provide shopping trips to a local supermarket, day trips as well as delivering our meals into the community. We still offer a full Information & Advice service, providing a full Benefit entitlement check and benefit applications resulting in thousands of pounds of benefit awards for older people locally, as well as being able to engage with the older community and provide them with support in numerous ways.

CHAIRMAN'S REPORT

Our branch of Age UK has been fortunate in being able to adapt to the ravages of the effects of Covid which has affected so many other branches of our organisation with closure being the ultimate outcome.

By changing the provision of our meal services with the introduction last year of our home meal delivery, which continues to be popular, this has gone a long way to providing a good basis for financial stability

Fortunately, we have also been very successful in receiving funding, which our Chief Officer has duly reported upon. She has also, at great length, covered all aspects of our services which I will not reiterate in full. However, I would like to say that the demand for the I&A service has been intensive and conducted in the main by telephone and our officers have done an excellent job in meeting demand.

One point I will raise is the joint venture, which is new, in the formation of "Later Life Partnership NEL" between ourselves, Carelink and Friendship At Home in working together to reduce loneliness. Encouraging befriending and socialising via the bespoke tablet and App is proving popular. This partnership, in essence, provide services essential for the well-being of the elderly housebound within the community, especially in these difficult times when fear of covid remains, despite the vaccination programme.

As mentioned at last year's AGM we proposed purchasing our current premises and this has now been achieved. A major undertaking for AGE UK NEL to add to our asset portfolio and secures the future for the organisation.

During lockdown in Grimsby, we had the opportunity to make improvements to the kitchen area and our main dining hall, all of which have been beneficial. Re-opening Grimsby kitchens to provide meals, has, as one would expect been gradual but our members are now again able to enjoy a "meet & eat" lunch as well as having snacks in the café which now keeps relatively busy.

Cleethorpes branch now serves limited choice for main meals on certain days but bus passes, hairdressing, chiropody and the provision for snacks/afternoon tea etc are still available.

Both branches continue to give legal advice, I&A services and financial advice at regular times.

Our shop has also successfully continued to recover from the lockdown due to hard work by the Manager and her staff and volunteers.

I would like to state how grateful the Trustee Board is in the dedication and enormous support and hard work by our Chief Officer and all our staff and volunteers during this extremely difficult period. Certainly, their adaptability helped us to sustain the business and we look forward to additional growth in the future.

I would like announce that we have a new Trustee, Charles Ekberg, a local retired solicitor, who will be a great asset to our Trustee Board. Charles is already familiar with Age UK as he used to provide legal advice to our members on a weekly basis.

I conclude on an optimistic note believing, with continued staff & volunteer loyalty and support, which is paramount, we will survive and continue to provide services to meet the local need. Thankyou

Shona Ortega

Shona Ortega - Acting Chair of Trustees

Page 2

AGE UK NORTH EAST LINCOLNSHIRE (REGISTERED NUMBER: 07640867)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE

Fundraising activities

In relation to fundraising we continue to generate funds internally and re-invest into charitable activities. We have been extremely lucky in the course of the year to receive 2 larger restricted grants to enable our Information & Advice service to continue and also a large legacy from a late member which will be used to purchase our current building.

Investment performance

As with all investments, our investments are not gaining too much in interest these days but given the financial climate the funds are invested to produce as best a possible result bearing in mind the need for regular subsidy.

FINANCIAL REVIEW

Reserves policy

The trustee's policy on reserves is to retain sufficient funds to enable the charity to continue its activities for a minimum period of 3-6 months without the need for further incoming resources. At the balance sheet date the amount of Free reserves amounted to £434,892 (2020 - £607,506).

FUTURE PLANS

Our future plans, are somewhat hindered presently with the on set of the pandemic as we finish this financial year off, however we do still plan on the purchase of the building and the main aim these next few months is to deal with the pandemic and continue to deliver meals to the elderly population locally and answer to demands where needed.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is is governed by it memorandum and articles of association and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Key management remuneration

Total remuneration paid to key management in the year amounted to £47,106 (2020: £46,816).

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

07640867 (England and Wales)

Registered Charity number

1150939

Registered office

27 Osborne Street GRIMSBY DN31 1EY

Trustees

Mrs A Maggs MBE Money Management Adviser Mrs S M Ortega Mr. N. Trenchard Mrs. A. Chidwick Mr A Parker (resigned 30.9.21) Mrs. L. Read C R Ekberg (appointed 26.10.21)

Independent Examiner

Helen Spauls FCA 12 Abbey Road GRIMSBY DN32 0HL

Page 3

AGE UK NORTH EAST LINCOLNSHIRE (REGISTERED NUMBER: 07640867)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

REFERENCE AND ADMINISTRATIVE DETAILS Senior Management

Helen Goodman - Chief Officer

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 26 October 2021 and signed on its behalf by:

Mrs S M Ortega - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AGE UK NORTH EAST LINCOLNSHIRE (REGISTERED NUMBER: 07640867)

Independent examiner's report to the trustees of Age UK North East Lincolnshire ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCA which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Helen Spauls FCA 12 Abbey Road GRIMSBY DN32 0HL

29 October 2021

Page 5

AGE UK NORTH EAST LINCOLNSHIRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
22,062
Charitable activities
Core activities
99,377
Other trading activities
2
13,917
Investment income
3
2,524
Other income
-
Total
137,880
EXPENDITURE ON
Raising funds
41,178
Charitable activities
Core activities
62,231
Total
103,409
Net gains/(losses) on investments
193
NET INCOME/(EXPENDITURE)
34,664
RECONCILIATION OF FUNDS
Total funds brought forward
752,428
TOTAL FUNDS CARRIED FORWARD
787,092		 Restricted
funds
£
-
155,804
-
-
11,859
167,663
-
168,349
168,349
-
(686)
55,808
55,122		 31.3.21
Total
funds
£
22,062
255,181
13,917
2,524
11,859
305,543
41,178
230,580
271,758
193
33,978
808,236
842,214		 31.3.20
Total
funds
£
561,483
189,579
36,344
192
-
787,598
53,360
225,529
278,889
(550)
508,159
300,077
808,236

The notes form part of these financial statements

Page 6

AGE UK NORTH EAST LINCOLNSHIRE (REGISTERED NUMBER: 07640867)

BALANCE SHEET

31 MARCH 2021

Notes
FIXED ASSETS
Tangible assets
8
Investments
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
351,420
780
352,200
18,858
428,129
446,987
(12,095)
434,892
787,092
787,092		 Restricted
funds
£
-
-
-
-
55,122
55,122
-
55,122
55,122
55,122		 31.3.21
Total
funds
£
351,420
780
352,200
18,858
483,251
502,109
(12,095)
490,014
842,214
842,214
787,092
55,122
842,214		 31.3.20
Total
funds
£
144,335
587
144,922
101,267
573,094
674,361
(11,047)
663,314
808,236
808,236
752,428
55,808
808,236

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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

The financial statements were approved by the Board of Trustees and authorised for issue on 26 October 2021 and were signed on its behalf by:

Mrs S M Ortega - Trustee

The notes form part of these financial statements

Page 7

AGE UK NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Except as disclosed below, the financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102 updated by bulletin 2) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charity has departed from the Charities SORP and FRS 102 in order to depreciate all long leasehold property at a rate of 2% on a straight line basis. The treatment required by the Charities SORP and FRS 102 where an asset comprises of two or more major components is that each component should be depreciated separately over its useful life and that the value of land is not depreciated.

The trustees consider that depreciating all long leasehold property at a rate of 2% on a straight line basis reflects the loss of value of the asset for the charity, and have concluded that the accounts present a true and fair view.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold - 5% Straight Line Long leasehold - 2% Straight Line Improvements to property - 5% Straight Line Fixtures and fittings - 25% Straight Line Motor vehicles - 25% Straight Line Computer equipment - 33% Straight Line and 25% Straight Line

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Operating lease commitments

Rentals on operating leases are charged to the statement of financial activities based on the terms set out by the lease agreements in place.

Page 8

AGE UK NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

2. OTHER TRADING ACTIVITIES

3.

4.

OTHER TRADING ACTIVITIES
31.3.21 31.3.20
£ £
Shop income 13,917 36,344
INVESTMENT INCOME
31.3.21 31.3.20
£ £
Investment income 2,524 192
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.21 31.3.20
£ £
Depreciation - owned assets 27,806 28,239

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.21 31.3.20
Fundraising trading 2 2
Charitable activities 12 12
14 14

No employees received emoluments in excess of £60,000.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
561,483
Charitable activities
Core activities
60,431
Other trading activities
36,344
Investment income
192
Total
658,450		 Restricted
funds
£
-
129,148
-
-
129,148		 Total
funds
£
561,483
189,579
36,344
192
787,598

EXPENDITURE ON

Page 9

AGE UK NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Raising funds
Charitable activities
Core activities
Total
Net gains/(losses) on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
8.
TANGIBLE FIXED ASSETS
COST
At 1 April 2020
Additions
Reclassification
At 31 March 2021
DEPRECIATION
At 1 April 2020
Charge for year
Reclassification/transfer
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020		 Unrestricted
funds
£
53,360
152,189
205,549
(550)
452,351
300,077
752,428
Short
leasehold
£
146,455
-
-
146,455
60,190
7,339
-
67,529
78,926
86,265		 Restricted
Total
funds
funds
£
£
-
53,360
73,340
225,529
73,340
278,889
-
(550)
55,808
508,159
-
300,077
55,808
808,236
Improvements
Long
to
leasehold
property
£
£
-
51,794
228,586
-
51,794
(51,794)
280,380
-
-
8,631
4,378
-
8,631
(8,631)
13,009
-
267,371
-
-
43,163

Page 10

AGE UK NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

8. TANGIBLE FIXED ASSETS - continued

COST
At 1 April 2020
Additions
Reclassification
At 31 March 2021
DEPRECIATION
At 1 April 2020
Charge for year
Reclassification/transfer
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020		 Fixtures
and
fittings
£
41,928
-
-
41,928
38,184
3,744
-
41,928
-
3,744		 Motor
vehicles
£
53,430
6,305
-
59,735
42,300
12,312
-
54,612
5,123
11,130		 Computer
equipment
£
11,783
-
-
11,783
11,750
33
-
11,783
-
33		 Totals
£
305,390
234,891
-
540,281
161,055
27,806
-
188,861
351,420
144,335

During the year Improvements to property were reclassified as Long leasehold. This is due to the charity purchasing the Leasehold to which the improvements relate.

9. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£ £ £
MARKET VALUE
At 1 April 2020 2 585 587
Revaluations - 193 193
At 31 March 2021 2 778 780
NET BOOK VALUE
At 31 March 2021 2 778 780
At 31 March 2020 2 585 587

There were no investment assets outside the UK.

Cost or valuation at 31 March 2021 is represented by:

Shares in
group Listed
undertakings investments Totals
£ £ £
Valuation in 2020 2 585 587
Valuation in 2021 - 193 193
2 778 780

Page 11

AGE UK NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
Amounts due from subsidiary undertaking
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
12.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
13.
MOVEMENT IN FUNDS
At 1.4.20
£
Unrestricted funds
General fund
532,556
Building Project
219,872
752,428
Restricted funds
Big Lottery
46,315
Henry Smith
9,493
Later Life Partnership
-
55,808
TOTAL FUNDS
808,236		 31.3.21
£
5,997
12,861
18,858
31.3.21
£
12,095
31.3.21
£
1,750
Net
movement
in funds
£
42,003
(7,339)
34,664
(10,840)
154
10,000
(686)
33,978		 31.3.20
£
21,584
79,683
101,267
31.3.20
£
11,047
31.3.20
£
29,866
At
31.3.21
£
574,559
212,533
787,092
35,475
9,647
10,000
55,122
842,214

Page 12

AGE UK NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Building Project
Restricted funds
Information & Advice Service
Big Lottery
Henry Smith
Later Life Partnership
Covid Support Grant
Job Retension Scheme
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Building Project
Restricted funds
Big Lottery
Henry Smith
TOTAL FUNDS		 Incoming
resources
£
137,880
-
137,880
9,000
91,354
35,450
10,000
10,000
11,859
167,663
305,543		 Resources
expended
£
(96,070)
(7,339)
(103,409)
(9,000)
(102,194)
(35,296)
-
(10,000)
(11,859)
(168,349)
(271,758)
At 1.4.19
£
72,866
227,211
300,077
-
-
-
300,077		 Gains and
Movement
losses
in funds
£
£
193
42,003
-
(7,339)
193
34,664
-
-
-
(10,840)
-
154
-
10,000
-
-
-
-
-
(686)
193
33,978
Net
movement
At
in funds
31.3.20
£
£
459,690
532,556
(7,339)
219,872
452,351
752,428
46,315
46,315
9,493
9,493
55,808
55,808
508,159
808,236

Page 13

AGE UK NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Building Project
Restricted funds
Information & Advice Service
Big Lottery
Henry Smith
TOTAL FUNDS		 Incoming
resources
£
658,450
-
658,450
17,284
94,164
17,700
129,148
787,598		 Resources
expended
£
(198,210)
(7,339)
(205,549)
(17,284)
(47,849)
(8,207)
(73,340)
(278,889)		 Gains and
Movement
losses
in funds
£
£
(550)
459,690
-
(7,339)
(550)
452,351
-
-
-
46,315
-
9,493
-
55,808
(550)
508,159		 Gains and
Movement
losses
in funds
£
£
(550)
459,690
-
(7,339)
(550)
452,351
-
-
-
46,315
-
9,493
-
55,808
(550)
508,159
452,351
-
46,315
9,493
55,808
508,159

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Building Project
Restricted funds
Big Lottery
Henry Smith
Later Life Partnership
TOTAL FUNDS		 At 1.4.19
£
72,866
227,211
300,077
-
-
-
-
300,077		 Net
movement
in funds
£
501,693
(14,678)
487,015
35,475
9,647
10,000
55,122
542,137		 At
31.3.21
£
574,559
212,533
787,092
35,475
9,647
10,000
55,122
842,214

Page 14

AGE UK NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

13. 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
£
Unrestricted funds
General fund
796,330
Building Project
-
796,330
Restricted funds
Information & Advice Service
26,284
Big Lottery
185,518
Henry Smith
53,150
Later Life Partnership
10,000
Covid Support Grant
10,000
Job Retension Scheme
11,859
296,811
TOTAL FUNDS
1,093,141		 Resources
expended
£
(294,280)
(14,678)
(308,958)
(26,284)
(150,043)
(43,503)
-
(10,000)
(11,859)
(241,689)
(550,647)		 Gains and
Movement
losses
in funds
£
£
(357)
501,693
-
(14,678)
(357)
487,015
-
-
-
35,475
-
9,647
-
10,000
-
-
-
-
-
55,122
(357)
542,137

The restricted fund Information & Advice Service was a grant to appoint and information and advice officer whose four core areas are: welfare benefits and money matters; access to care at home; housing options; local services and support.

Henry Smith and Big Lottery funding are additional restricted grants received to further support the information and advice service.

14. RELATED PARTY DISCLOSURES

Age UK North Lincolnshire Trading Company Limited is a wholly owed subsidiary.

At the balance sheet date the amount due from North East Lincolnshire Trading Company Limited was £12,861 (2020 - £2,372).

During the year Age UK North Lincolnshire Trading Company Limited made a gift of its taxable profit amounting to £10,307 (2020 - £Nil).

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