Additionally, the organisation received grant funding from the national body in an EON project relating to the I+A Service. Age UK North East Lincolnshire recognises that, whilst present methods of income generation may sustain current levels of services and activities, the increase in competition together with hardening markets, particularly in respect of the insurance service, inhibits expansion of services and ultimately may leave the organisation vulnerable. Age UK North East Lincolnshire has therefore incorporated measures to consolidate the current position, review, monitor and develop planned growth approach to improve sustainability through implementation of our objectives. In development of this strategic plan, Age UK North East Lincolnshire has also recognised that, to date, with the exception of the EON programme, it has not relied on funding other than self generated income. However, it acknowledges that, in order to expand its range of services and activities to develop lifestyle enhancement services and activities for all people over 50 years of age, there is a need to promote an holistic approach and Age UK North East Lincolnshire may therefore need to apply for more grant funding and also look towards joint working and partnership ventures that respond to the needs of the 50+ community. Age UK North East Lincolnshire will also strive to increase income generation via its trading company through diversification together with effective and efficient marketing. Monitoring and Review The six key goals outlined in this plan will be implemented and monitored through the supporting development plan. Additionally, the following guidelines will ensure that there is continuous monitoring of the relevance of the plan and a review of its progress: Issue Monitor Our Mission Statement Reviewed in conjunction with Age UK Are the assumptions in the strategic plan Annually still valid? Are the strategic goals still appropriate? Annually Progress/outcome of each goal Review of development plan, written report produced for trustee meeting
Additionally, the organisation received grant funding from the national body in an EON project relating to the I+A Service. Age UK North East Lincolnshire recognises that, whilst present methods of income generation may sustain current levels of services and activities, the increase in competition together with hardening markets, particularly in respect of the insurance service, inhibits expansion of services and ultimately may leave the organisation vulnerable. Age UK North East Lincolnshire has therefore incorporated measures to consolidate the current position, review, monitor and develop planned growth approach to improve sustainability through implementation of our objectives. In development of this strategic plan, Age UK North East Lincolnshire has also recognised that, to date, with the exception of the EON programme, it has not relied on funding other than self generated income. However, it acknowledges that, in order to expand its range of services and activities to develop lifestyle enhancement services and activities for all people over 50 years of age, there is a need to promote an holistic approach and Age UK North East Lincolnshire may therefore need to apply for more grant funding and also look towards joint working and partnership ventures that respond to the needs of the 50+ community. Age UK North East Lincolnshire will also strive to increase income generation via its trading company through diversification together with effective and efficient marketing. Monitoring and Review The six key goals outlined in this plan will be implemented and monitored through the supporting development plan. Additionally, the following guidelines will ensure that there is continuous monitoring of the relevance of the plan and a review of its progress: Issue Monitor Our Mission Statement Reviewed in conjunction with Age UK Are the assumptions in the strategic plan still valid? Annually Are the strategic goals still appropriate? Annually Progress/outcome of each goal Review of development plan, written report produced for trustee meeting
strategy%20document.docx