REGISTERED COMPANY NUMBER: 07640867 (England and Wales) REGISTERED CHARITY NUMBER: 1150939 Charity Commission copy AGE001 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR AGE UK NORTH EAST LINCOLNSHIRE
AGE UK NORTH EAST LINCOLNSHIRE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 13
AGE UK NORTH EAST LINCOLNSHIRE REGISTERED NUMBER: 07640867 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. presenl their report with the financial statements of the chariiy for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charlties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effeclive 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The principal object of the charity is to promote wellbeing and make laler life a fulfilling and enjoyable experien for people over the age of 50 living in North East Lincolnshire. We have referred to the guidan contained in the charity Commission's general guidance on public benefit and complied with seclion 17(5) of the 2011 charities Act when reviewing our aims and objectives and in planning our future activities. In particular, the TrusteeslDirectors consider how planned activities will contribute to the aims and objectives they have set ACHIEVEMENTS AND PERFORMANCE Charitsble activities Social activities have included.. Chair-based exercise, Bingo plus more , In addition our ever-popular Luncheon Club provides a fresh hot dinner and home-made pudding every Tuesday & Wednesday in Grimsby & every Thursday in Cleelhorpes with a hot meal delivery seNice now available Monday to Friday across the whole of North East Lincolnshire. Customers old and new can relax and enjoy a drink, meal and light snack in our Pop-ln 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 Irips to a local supermarket, day trips as well a5 delivering our meals into the community. We still offer a full Information & Advice service, providing a full Benefit entitlement check and benefil applications resulting in Ihousands of pounds of benefit awards for older people locally, this year alone amounted lo £2.326,680.40 in awards and arrears payments, up by over £100K plus still awaiting confimiation of £57899.40 worth of awards from the year before, a phenomenal amount...as well as being able to engage wilh Ihe older community and provide them with support in numerous ways. Page 1
AGE UK NORTH EAST LINCOLNSHIRE REGISTERED NUMBER: 07640867 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE Chaimian's Report Afier a fine year in 20234 recovering very well after Covid, we have followed up with another excellent year. Our meal delivery service ha5 gone from strength to strength, and the increasing income it provides makes a substantial contribution lo our financial stability, as does the provision of food and drink at both of our branches. Another good source of regular income is Ihe provision of bus passes, with this service being offered at both Grimsby and Cleethorpes. The Cleethorpe5 branch is performing very well wilh a busy and full luncheon club, and providing chiropody and hairdressing services, a friendship hub day, as well as a home for a chess club, art and craft club. sit and knit group, plus days out and the Young al Heart Group. I don't think that the Cleethorpes Branch has ever been so well attended, with great credit due to the staff there. Despite a slight hiccup with Carelink which was amicably resolved, the Later Life Partnership continues lo work well together, delivering a funded programme around engagement in the community. ensuring that benefit entitlements are applied for, and clienls are made fully aware of all the facilities and activities available to them throughout the area. Helen and the staff are doing an excellent job, providing the shift of focus to getting elderly people out of their homes and socialising, which is exactly what government and local authorities want to achieve. Our Information and Advice Servi once again has proved a massive success. There is great demand. and very hard work by those providing this service has managed lo keep the waiting lisl very short.Benefits awards and arrears have amassed an amazing iotal of £2,385,680.40, an increase on the previous year of over £150,000 which I would not have thought possible. Helen continues to sustain our survival due to her very hard worf( and expertise in applying for and obtaining grants wherever they are available. We are in our final year of the Lottery grant, but an application will be going in soon for a new project. We have an application to Garfield Weston awaiting a decision. We have been awarded grants by Omaze , Dunhelm Age UK and NELC in this year alone, along with warm homes grants and welcome donations from various sources.1 should say that Helen's success in this regard is in no sm311 part due to her ability to show how extremely well we deliver our services, and that is thanks to the very hard work and expertise of every member of staff and volunleer. One sad note is the closure of our shop on Freeman Street, which was no longer able to break even, due to the incessant increase of its outgoings. Although it was probably the right time for Joy to retire, I have no doubt that she would have soldiered on,. and I should like to record our gratitude to Joy and her staff for their hard work and dedication over many years. We have not completely abandoned the idea of having some sort of retail outlel in the future, but it would need to change and be an online service. Yet again I want to put on record how grateful the Trustee Board is for the dedicalion and enormous support and hard work by our Chief Officer, and all of our staff and volunteers during this very busy and, I think, very happy continued period of growth. It is a credit lo everyone that our branches are such welcoming and enjoyable places to work and visit. Thankyou Charles Ekberg Chair of Trustees Fundraising Activities In relalion to fundraising we continue to generate funds internally and re-invest into charitable activities. Investment Perfomiance As with all investments, our investments are starting to gain a little in interest these days but given the financial climale the funds are invested to produce as best a possible result bearing in mind the need for regular subsidy. Page 2
AGE UK NORTH EAST LINCOLNSHIRE REGISTERED NUMBER: 07640867 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Reserves policy The trustee's policy on reserves is to retain sufficient funds to enable the charity to continue ils activities for a minimum period of 3-6 months without the need for further incoming resources. At the balance sheet date the amounl of Free reserves amounted to £131,181 {2024- £266,047}. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is is govemed by it memorandum and articles of association and constitutes a limited company, IiTnited by guarante8, as defined by the Companies Act 2006. Key management remuneration Total remuneration paid to key management in the year amounted to £63,596 (2024-. £59,943). 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 pla 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 1 EY Trustees Mrs A Maggs MBE Money Management Adviser Mrs S M Ortega Mr. N. Trenchard Mrs. A. Chidwick C R Ekberg Mr. l Hammond Independent Examiner Helen Spauls FCA 12 Abbey Road GRIMSBY DN32 OHL 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 and signed on its behalf by: C R Ekberg- Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AGE UK NORTH EAST LINCOLNSHIRE REGISTERED NUMBER: 07640867 Independent examinerfs 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 2025. Responsibilities and basis of report As the charity's trustees of the Company land also ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'Ihe 2006 Acl'l. 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 charily's accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145{51 (b) of Ihe 2011 Act. Independent examinerfs statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of Ihe listed bodies. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounling 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 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 charilies preparing their accounts in accordan with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)). I have no concerns and have come across no other matters in connection with Ihe examination to which attention should be drawn in this report in order to enable a proper underslanding of the accounts to be reached. Helen Spauls FCA 12 Abbey Road GRIMSBY DN32 OHL Date.. Page 4
AGE UK NORTH EAST LINCOLNSHIRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 Total nds 31.3.24 Total funds Unrestricted fijnds Restricled funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3.204 3,204 2,570 Charitsble activities Core activities 81,196 150.749 231,945 208.380 Other trading activilies Investment income 33,523 5,094 33.523 5,094 32.785 6,207 Total 123,017 150,749 273,766 249.942 EXPENDITURE ON Raising funds 48.566 48,566 51.639 Charitable activities Core activities 233,034 145,993 379,027 318,088 Total 281,600 145,993 427.593 369,727 Net gains on investments 373 373 75 NET INCOMEIIEXPENDITURE) (158,210) 4,756 (153.454} (119,710) RECONCILIATION OF FUNDS Total funds brought fotward 564.331 14,101 578,432 698,142 TOTAL FUNDS CARRIED FORWARD 406,121 18,857 424.978 578,432 The notes form part of these financial statemenls Page 5
AGE UK NORTH EAST LINCOLNSHIRE REGISTERED NUMBER.. 07640867 BALANCE SHEET 31 MARCH 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets Investments 273,615 1.325 273,615 1,325 297.332 952 274,940 274,940 298,284 CURRENT ASSETS Debtors Cash at bank and in hand 10 46,543 95,306 46,543 114.163 47,463 276,460 18,857 141,849 18,857 160,706 323.923 CREDITORS Amounts falling due within one year 11 {10,668) (10,668) {43,775) NET CURRENT ASSETS 131,181 18,857 150,038 280,148 TOTAL ASSETS LESS CURRENT LIABILITIES 406,121 18,857 424,978 578,432 NET ASSETS 406,121 18.857 424.978 578,432 FUNDS Unrestricted funds Restricted funds 13 406,121 18,857 564,331 14,101 TOTAL FUNDS 424,978 578,432 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audil of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The Irustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounling records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial stalemenls which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitable company. (b} These financial statements have been prepared in accordance with the provisions applicable to charilable companies subject to the small companies regime. Th finan ements were approved by the Board of Trustees and aulhorised for issue and were signed on its behalf by.. on C R Ekberg- Trustee The notes form part of these financial stalements Page 6
AGE UK NORTH EAST LINCOLNSHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 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 accordan with the Charities SORP {FRS 102 updated by bulletin 21 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Acl 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 50/0 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 5 /0 on a straight line basis reflects the loss of value of the asset for the charily, and have concluded that the accounls present a true and fair view. Income All income is recognised in the Statement of Financial Activities once the charity has entbtlement 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 obligalion 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 acciuals 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 activilies on a basis consistent with the use of reSoUrs. Tangible fixed assets Deprecialion is provided at the following annual rates in order to wrtte off each asset over its estimated useful life. Short leasehold Long leasehold Fixiures and fittings Motor vehicles Computer equipmenl 5D/o Straight Line 5 /0 Straight Line 250/0 Straight Line 250/0 Straight Line 33 % Straight Line and 250/0 Straight Line Taxation The charity is exempt from corporalion tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with Ihe 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 nalure and purpose of each fund is included in the notes lo the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged lo the Statement of Financial Activities in the period to which they relate. 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 7
AGE UK NORTH EAST LINCOLNSHIRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 OTHER TRADING ACTIVITIES 31.3.25 31.3.24 Shop income 33.523 32,785 INVESTMENT INCOME 31.3.25 31.3.24 Investment income 5,094 6,207 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) 15 Stated after chargingllcrediting)= 31.3.25 31.3.24 Depreciation - owned assets 24,915 25,783 TRUSTEES. REMUNERATION AND BENEFITS 31.3.25 31.3.24 Trustees, salaries Trustees, social security Trustees, pensions paid 27.783 1,627 439 26,980 1,543 421 29,849 28,944 The memorandum of association updated in October 2012 allows trustees to re1ve remuneration from the charity. During the year Annette Chidwick and lan Hammond received the following remuneration for their employment by the charity- 31.3.25 Total 31.3.2 4 Total A. Chidwick Hammond Trustees, salaries Trustees, social security Trustees, pension contribution 21,088 1,627 439 6,695 27.783 1,627 439 26,980 1,543 421 23,154 6,695 29,849 28,944 Trustees, expenses There were no trustees. expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS The average monthly number of employees during the year was as follows.. 31.3.25 31.3.24 Fundraising trading Charitable activities 15 17 17 19 No employees received emoluments in excess of £60,000. Page 8
AGE UK NORTH EAST LINCOLNSHIRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 2,570 2,570 Charitable activities Core activities 34,603 173,777 208,380 Other trading activities Investment income 32,785 6,207 32,785 6,207 Total 76,165 173,777 249,942 EXPENDITURE ON Raising funds 48.938 2,701 51,639 Charitable activities Core activities 138,617 179,471 318.088 Total 187,555 182,172 369,727 Net gains on inveslments 75 75 NET INCOMEIIEXPENDITURE) (111,3151 (8,395) (119.710) RECONCILIATION OF FUNDS Total funds brought fotward 675,646 22.496 698,142 TOTAL FUNDS CARRIED FORWARD 564.331 14,101 578,432 TANGIBLE FIXED ASSETS Fixtures and fittings Short leasehold Long leasehold COST Al 1 April 2024 Additions 146,455 289.462 42,856 At 31 March 2025 146.455 289,462 42,856 DEPRECIATION Al 1 April 2024 Charge for year 89,546 7,339 56,130 14,473 42,244 232 At 31 March 2025 96,885 70,603 42,478 NET BOOK VALUE At 31 March 2025 49,570 218.859 380 At 31 March 2024 56,909 233,332 612 Page 9
AGE UK NORTH EAST LINCOLNSHIRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSETS - continued Motor vehicles Computer equipment Totals COST At 1 April 2024 Additions 67,730 13.591 1,198 560,094 1,198 At 31 March 2025 67,730 14,789 561,292 DEPRECIATION At 1 April 2024 Charge for year 62,838 2,394 12,004 477 262,762 24,915 At 31 March 2025 65.232 12,481 287.677 NET BOOK VALUE Al 31 March 2025 2,498 2.308 273,615 At 31 Maroh 2024 4,892 1.587 297,332 FIXED ASSET INVESTMENTS Shares in group undertakings Listed investments Totals MARKET VALUE At 1 April 2024 Revaluations 950 373 952 373 Al 31 March 2025 1,323 1,325 NET BOOK VALUE At 31 March 2025 1,323 1,325 At 31 March 2024 950 952 There were no investmenl assets outside the UK. C05t or valuation at 31 March 2025 is represented by.. Shares in group undertakings Listed investments Totals Valuation in 2025 1,323 1,325 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Other debtors Amounts due from subsidiary undertaking 12,013 34.530 10.623 36,840 46,543 47,463 Page 10
AGE UK NORTH EAST LINCOLNSHIRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 other creditors 10,668 43,775 12. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: 31.3.25 31.3.24 Within one year 1,750 1,750 13. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.25 At 1.4.24 Unrestricted funds General fund Building Project 373,815 190,516 (150,871) {7.339} 133.607 1133,607) 356,551 49,570 564,331 {158,210} 406,121 Restricted funds Later Life Partnership 14,101 4,756 18,857 TOTAL FUNDS 578.432 (153,454) 424.978 Nel movement in fvnds, included in the above are as follows: Incoming resour$ Resources expended Gains and losses Movement in funds Unrestricted funds General fund Building Project 123,017 (274.261 } 17,339) 373 (150,871) {7,339) 123,017 1281,600) 373 (158,210) Restricted funds Big Lottery Later Life Partnership 96,749 54,000 (96.749) {49.244) 4,756 150,749 (145.993) 4,756 TOTAL FUNDS 273,766 {427,593) 373 (153,454) Page 11
AGE UK NORTH EAST LINCOLNSHIRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 13. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds Al 31.3.24 At 1.4.23 Unrestricted funds General fund Building Project 477,791 197,855 (103,976) (7,339} 373,815 190,516 675,646 (111,315) 564.331 Restricted funds Later Life Partnership 22.496 (8,395} 14,101 TOTAL FUNDS 698,142 {119.710} 578,432 Comparative net movement in funds, included in the above are as follows= Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund Building Project 76.165 {180,216) {7,339) 75 (103,9761 17,339) 76,165 (187,555) 75 {111,315) Restricted funds Information & Advice SeNice Big Lottery Later Life Partnership Warm Spaces 29,952 94,825 30,000 19,000 (29,952> (94,825} (38,395> (19,000} {8,395) 173,777 (182.1721 (8.395) TOTAL FUNDS 249,942 (369.727) 75 (119,710) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 31.3.25 At 1.4.23 Unrestricted funds General fund Building Project 477,791 197,855 {254,847} (14,678} 133.607 {133,607) 356.551 49,570 675,646 {269,525} 406,121 Restricted funds Latei Life Partnership 22,496 {3,639) 18,857 TOTAL FUNDS 698,142 (273,1641 424,978 Page 12
AGE UK NORTH EAST LINCOLNSHIRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 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 Resources expended Gains and losses Movement in funds Unrestricted funds General fund Building Project 199,182 (454,477) (14,678) 448 (254.847) {14,678} 199,182 (469,155) 448 (269,525} Restricted funds Information & Advice Service Big Lottery Later Life Partnership Warm Spas 29,952 191.574 84,000 19,000 {29,952) (191,574) (87,639) {19,000) (3,639} 324,526 (328,165) (3,6391 TOTAL FUNDS 523,708 (797,320) 448 {273,164) The restricted fund Informalion & 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 Ihe information and advice service. Later Life Partnership funding is a restricted grant received to further support the charities aims and goals. Warm spaces is grants received to provide a warm space for people to come in and have a warm drink and food over the winter months. 14. REL4TED PARTY DISCLOSURES Age UK North Lincolnshire Trading Company Limited is a wholly owed subsidiary. At the balance sheet date the arnount due from North East Lincolnshire Trading Company Limited was £34,530 (2024 - £36,840}. During the year Age UK North Lincolnshire Trading Company Limited made a gift of its taxable profit amounting lo £Nil12024 £Nil). Page 13