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2022-03-31-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 2022

FOR

AGE UK NORTH EAST LINCOLNSHIRE

AGE UK NORTH EAST LINCOLNSHIRE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 2022

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 2022. 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 2022

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 recover from the ravages of the effects of Covid which has affected so many other branches of our organisation with closure being the ultimate outcome.

By continuing the provision of our meal delivery services, introduced at the beginning of the covid crisis, this continues to be popular and is now a permanent service offered throughout North East Lincolnshire. This has also gone a long way to providing a good basis for financial stability moving forward post Covid.

Fortunately, we have also been very successful in receiving funding both before and throughout Covid, 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 is now back to face to face office appointments as well as the home visits after 18 months of predominantly telephone support. Our officers have done an excellent job in meeting demand. During this reporting year we have secured benefit awards of £895,099.87 for our service users, a phenomenal figure secured in difficult times. The Engagement role, as part of the funding has been well received, especially this past year, post covid ,with increased isolation and loneliness so our engagement officer has worked hard to try and re integrate her caseload back into attending groups and setting new groups up at Cleethorpes to enable people to mix and enjoy company and being out again.

One point to reiterate that is working well, is the joint venture, 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. This has also been successful this year with regards to funding engagement services across the area and is being seen locally as a valued addition to older people's services locally especially NELC where we have never been able to source funding previously.

Following re-opening from Lockdown in Grimsby, we have taken the opportunity to make improvements to the reception area, which has been beneficial for the 1st impressions on entering the centre in Grimsby. The Cleethorpes branch serves a choice for main meals, groups on certain days with bus passes, hairdressing, chiropody and the provision for snacks/afternoon tea etc 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 have been proud to be part of the team at AGE UK for a number of years, as both vice-chair and Acting Chair but hope that I will be handing the reigns of the Chair position over at some point this forthcoming year but will continue in my role as vice-chair.

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

Thankyou

Shona Ortega - Acting Chair of Trustees

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.

Page 2

AGE UK NORTH EAST LINCOLNSHIRE (REGISTERED NUMBER: 07640867)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ACHIEVEMENT AND PERFORMANCE

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 £390,314 (2021 - £434,892).

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 £48,898 (2021: £47,106).

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

Senior Management

Helen Goodman - Chief Officer

Page 3

AGE UK NORTH EAST LINCOLNSHIRE (REGISTERED NUMBER: 07640867)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

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 27 October 2022 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 2022.

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

7 November 2022

Page 5

AGE UK NORTH EAST LINCOLNSHIRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
7,484
Charitable activities
Core activities
48,218
Other trading activities
2
31,101
Investment income
3
2,112
Other income
-
Total
88,915
EXPENDITURE ON
Raising funds
48,799
Charitable activities
Core activities
98,702
Total
147,501
Net gains on investments
83
NET INCOME/(EXPENDITURE)
(58,503)
RECONCILIATION OF FUNDS
Total funds brought forward
787,092
TOTAL FUNDS CARRIED FORWARD
728,589		 Restricted
funds
£
-
166,256
-
-
921
167,177
-
132,644
132,644
-
34,533
55,122
89,655		 31.3.22
Total
funds
£
7,484
214,474
31,101
2,112
921
256,092
48,799
231,346
280,145
83
(23,970)
842,214
818,244		 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

The notes form part of these financial statements

Page 6

AGE UK NORTH EAST LINCOLNSHIRE (REGISTERED NUMBER: 07640867)

BALANCE SHEET

31 MARCH 2022

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
£
337,412
863
338,275
24,644
425,108
449,752
(59,438)
390,314
728,589
728,589		 Restricted
funds
£
-
-
-
-
89,655
89,655
-
89,655
89,655
89,655		 31.3.22
Total
funds
£
337,412
863
338,275
24,644
514,763
539,407
(59,438)
479,969
818,244
818,244
728,589
89,655
818,244		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 27 October 2022 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 2022

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 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 2022

2. OTHER TRADING ACTIVITIES

31.3.22 31.3.21
£ £
Shop income 31,101 13,917
3. INVESTMENT INCOME
31.3.22 31.3.21
£ £
Investment income 2,112 2,524
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.22 31.3.21
£ £
Depreciation - owned assets 23,090 27,806

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

6. STAFF COSTS

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

Fundraising trading
Charitable activities		 31.3.22

2
13
15		 31.3.21
2
12
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
22,062
Charitable activities
Core activities
99,377
Other trading activities
13,917
Investment income
2,524
Other income
-
Total
137,880
EXPENDITURE ON
Raising funds
41,178		 Restricted
funds
£
-
155,804
-
-
11,859
167,663
-		 Total
funds
£
22,062
255,181
13,917
2,524
11,859
305,543
41,178

Page 9

AGE UK NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Charitable activities
Core activities
Total
Net gains on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
8.
TANGIBLE FIXED ASSETS
COST
At 1 April 2021
Additions
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021		 Unrestricted
funds
£
62,231
103,409
193
34,664
752,428
787,092
Short
leasehold
£
146,455
-
146,455
67,529
7,339
74,868
71,587
78,926		 Restricted
funds
£
168,349
168,349
-
(686)
55,808
55,122
Long
leasehold
£
280,380
9,082
289,462
13,009
14,175
27,184
262,278
267,371		 Total
funds
£
230,580
271,758
193
33,978
808,236
842,214
Fixtures
and
fittings
£
41,928
-
41,928
41,928
-
41,928
-
-

Page 10

AGE UK NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

8. TANGIBLE FIXED ASSETS - continued

Motor
Computer
vehicles
equipment
£
£
COST
At 1 April 2021
59,735
11,783
Additions
-
-
At 31 March 2022
59,735
11,783
DEPRECIATION
At 1 April 2021
54,612
11,783
Charge for year
1,576
-
At 31 March 2022
56,188
11,783
NET BOOK VALUE
At 31 March 2022
3,547
-
At 31 March 2021
5,123
-
9.
FIXED ASSET INVESTMENTS
Shares in
group
Listed
undertakings
investments
£
£
MARKET VALUE
At 1 April 2021
2
778
Revaluations
-
83
At 31 March 2022
2
861
NET BOOK VALUE
At 31 March 2022
2
861
At 31 March 2021
2
778
There were no investment assets outside the UK.
Cost or valuation at 31 March 2022 is represented by:		 Totals
£
540,281
9,082		 Totals
£
540,281
9,082
549,363
188,861
23,090
211,951
337,412
351,420
Totals
£
780
83
863
863
780
863
863
780
Shares in
group
Listed
undertakings
investments

£
£
Valuation in 2020
2
585
Valuation in 2021
-
193
Valuation in 2022
-
83
2
861		 Totals
£
587
193
83
863

Page 11

AGE UK NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£ £
Other debtors 2,828 5,997
Amounts due from subsidiary undertaking 21,816 12,861
24,644 18,858
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£ £
Other creditors 59,438 12,095

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.22 31.3.21
£ £
Within one year 1,750 1,750
MOVEMENT IN FUNDS
Net
movement At
At 1.4.21 in funds 31.3.22
£ £ £
Unrestricted funds
General fund 574,559 (51,164) 523,395
Building Project 212,533 (7,339) 205,194
787,092 (58,503) 728,589
Restricted funds
Big Lottery 35,475 20,135 55,610
Henry Smith 9,647 (4,710) 4,937
Later Life Partnership 10,000 19,108 29,108
55,122 34,533 89,655
TOTAL FUNDS 842,214 (23,970) 818,244
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 88,915 (140,162) 83 (51,164)
Building Project - (7,339) - (7,339)
88,915 (147,501) 83 (58,503)
Restricted funds
Information & Advice Service 9,152 (9,152) - -
Big Lottery 93,770 (73,635) - 20,135
Henry Smith 36,000 (40,710) - (4,710)
Later Life Partnership 27,334 (8,226) - 19,108
Job Retension Scheme 921 (921) - -
167,177 (132,644) - 34,533
TOTAL FUNDS 256,092 (280,145) 83 (23,970)

13. MOVEMENT IN FUNDS

Page 12

AGE UK NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Building Project
Restricted funds
Big Lottery
Henry Smith
Later Life Partnership
TOTAL FUNDS		 At 1.4.20
£
532,556
219,872
752,428
46,315
9,493
-
55,808
808,236		 Net
movement
in funds
£
42,003
(7,339)
34,664
(10,840)
154
10,000
(686)
33,978		 At
31.3.21
£
574,559
212,533
787,092
35,475
9,647
10,000
55,122
842,214

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

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 137,880 (96,070) 193 42,003
Building Project - (7,339) - (7,339)
137,880 (103,409) 193 34,664
Restricted funds
Information & Advice Service 9,000 (9,000) - -
Big Lottery 91,354 (102,194) - (10,840)
Henry Smith 35,450 (35,296) - 154
Later Life Partnership 10,000 - - 10,000
Covid Support Grant 10,000 (10,000) - -
Job Retension Scheme 11,859 (11,859) - -
167,663 (168,349) - (686)
TOTAL FUNDS 305,543 (271,758) 193 33,978

Page 13

AGE UK NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

13. MOVEMENT IN FUNDS - continued

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 1.4.20
£
532,556
219,872
752,428
46,315
9,493
-
55,808
808,236		 Net
movement
in funds
£
(9,161)
(14,678)
(23,839)
9,295
(4,556)
29,108
33,847
10,008		 At
31.3.22
£
523,395
205,194
728,589
55,610
4,937
29,108
89,655
818,244

A current year 12 months and prior year 12 months combined 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		 Incoming
resources
£
226,795
-
226,795
18,152
185,124
71,450
37,334
10,000
12,780
334,840
561,635		 Resources
expended
£
(236,232)
(14,678)
(250,910)
(18,152)
(175,829)
(76,006)
(8,226)
(10,000)
(12,780)
(300,993)
(551,903)		 Gains and
Movement
losses
in funds
£
£
276
(9,161)
-
(14,678)
276
(23,839)
-
-
-
9,295
-
(4,556)
-
29,108
-
-
-
-
-
33,847
276
10,008		 Gains and
Movement
losses
in funds
£
£
276
(9,161)
-
(14,678)
276
(23,839)
-
-
-
9,295
-
(4,556)
-
29,108
-
-
-
-
-
33,847
276
10,008
(23,839)
-
9,295
(4,556)
29,108
-
-
33,847
10,008

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.

Later Life Partnership funding is a restricted grant received to further suppor the charities aims and goals.

Page 14

AGE UK NORTH EAST LINCOLNSHIRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

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 £21,816 (2021 - £12,861).

During the year Age UK North Lincolnshire Trading Company Limited made a gift of its taxable profit amounting to £Nil (2021 - £10,307).

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