Docuslgn Envelope ID.. 68BC2349-60EF4041.81DF-333E573EC41B
Charity Number: 1074983
Company Number: 03627370
LANCASHIRE
ENVIRONMENTAL FUND
LIMITED (BY GUARANTEE)
Trustees. Report and Accounts
For The Year Ended
31 December 2024

Docusign Envelope ID.. 68BC234940EF4041-81DF433E573EC41B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
CONTENTS
Charlty D8tails
Report of the Trustees
Independent Audltorfs Report to the Members
stst8ment of Flnancl81 Actlvitles
10
Balance Sheet
11
ststement of Cash Flo￿
12
Notes to the Accounts
13

Docuslgn Envelope ID.. 68BC2349-60EF4041-81DF-333E573EC418
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
CHARITY DETAILS
Company Name
Lancashir8 Environmental Fund
Charity reglstration number
1074983
Company registratlon number
03527370
Trust88s
J Drury
F McGinty
A J Hughes
S Tumer (resigned 2 May 2025)
D King (appointed 20 May 2025)
Secretary
Lancashlre County Council
Fund Manager
E Morgan
Audltor
MHA
Richard House
Winckley Square
Preston
PR13HP
Legal advisor
County Hall Lancashire County Council
D8mocratic Servlces Department
Preston
Lancashire
PR1 OLD
Princlpall¢ontact address
clo Lancashire Wildlife Trust
The Bam
Berkeley Drive
Bamber Bridge
PR5 6BY
Reglster8d address
County Hall Lancashlr8 County Council
Democratic Services Department
Preston
Lancashire
PR1 OLD
Memb6rs
Community Fulures
Lanca5hire County Council
Suez Recycling & Recovery UK Limited
Lancashire Wildlife Trust

tknusign Envelope ID.. 688C234940EF4041-81 DF-333E573EC418
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
REPORT OF THE TRUSTEES
YEAR ENDED 31 DECEMBER 2024
The Trustees. who are also directors of the charity for the purposes of the Companies Act, present their report and
the audited financial statements of the charity for the year ended 31 December 2024. The trustees have adopted
the provisions of the Statement of Recommended Practi￿ (SORP) "Accounting and Reporting by Charities. {FRS
102) in preparing the annual report and finanGial statements of th8 charity-
The financial statements have been prepared in accordance With the accounting polici8s set out in the notes to the
awounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reportlng
by Charities= Statement of Recommended Practice applicable lo charities preparing their accounts in accordance
with the Financlal Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Structure, governance and management
Lancashire Environmental Fund Limited (hereafter ref&rred to as.tha Charitable company") is a charitable company
limited by guarantee, incorporated on 13 March 1998 and registered as a charity on 1 April 1999. The charitab18
company is governed by its memorandum and articles of association. The power of appointing and removing
trustees is vesled in the members by way of an instrument in writing signed by each member, each member having
the power to appoint one trustee.
The criteria used by Lancashire Environm8ntal Fund Limited to determine the pay and remuneratlon of key
management personnel are tha same as those used by Lancashire Wildlife Trust from whom staff are seconded.
Lancashire Wildlife Trust use comparisons to external charitie5 for similar roles as a basis for determining the pay
and remuneration of key management personnel.
Trustees of the charlty
The directors of the charitab18 company ar8 its trustees for the purposes of charity law. The trustees who hav8
served during th8 year and sinc& the year end are set out on page 1. Trustee5 are appointed by th8 Board. The
Board's L8gal Officer will update the Trustees on changes to the law affecting the scheme. Th8 Fund Manager will
provide induction for new members.
The trustees dalegate the assessment of applications to an assessment group, which is chaired by the fund
manager. The fund manager is assisted by a small team and co-ordinates the daily operation of the charity. Th8
trustees meet quarterly to approve or refus8 grants based ors the recommendations of the assessm8nt group.
Risk review
The board has conducted Its own revlew of the meJor rlsks to whlch the charity Is exposed and systems have been
8Stabllshed to miligate those risks. Significant extemal risks are mitigated by Profassional Indemnlty Insurance.
Internal risks are minimised by segregalion of duties and checking procedur8S.
The major risks to which the charity is exposed due lo its management and administration being provided by LWT
have been reviewed by the trustees of LWT. Internal risks relevant to the charity are being minimised by the
implementation of procedures for authorisation of all transactions. Risk management priorities of LWT, impacting
on the management and administration of the charity, are quality systems, succ8ssion planning for key staff and the
regular r8view of systems.
Future legislatlV8 changes to the Landfill Communities Fund could result in Suez Recycling & Recovery UK Limited
the landfill operator, deciding to withdraw from the scheme. If this happens, the Lancashire Environmental Fund
Limitod will have to wind up after running down the oxisting general unrestricted fund balance.
The Fund could also fac8 further challenges as a result of possible legislation to cap administration fees at 7.5 % of
project expenditure. This represents an extremely challenging target for such a relatively small fund which does not
enjoy the benefits of economies of scale which olher larger Landfill Communities Fund distributors have.
However, the Trustees have made and will Continue to make significant efforts to reduce administration fees
wherever possible.

Docusign Envelope10: 68BC2349-60EF4041-81DF433E573EC41 B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
REPORT OF THE TRUSTEES
YEAR ENDED 31 DECEMBER 2024
The Lancashire Environmental Fund primarily distributes monies raised from the Landfill Tax paid by Lancashire
County Council. The Current contract for waste management expires on 3181 March 2025 and the expectation is that
the amount of Landfill Tax that Ihe fund Is likely to receive will reduce signlficantly thereafter. Depending on how
much this reduction is and also upon the admlnlstration costs of running th8 Fund It may well b8 that the continued
operation of th8 Fund becomes unviable. If this is indeed the case. alt8mative arrangements for the distribution of
any future and existing funds will have to be made.
The Fund relies on the continued support of Lancashire County Council who pay many ofthe third party contributions
required to enable Ihe Landfill Tax income to be released.
Connected Charltios and Organlsations
Lancashlro Wlldllfe Trust Llmlted
The trusle8s consider Lancashire Wildlife Trust Limited ("LWT") to be a connected charity as it is a member of the
charitable company with the power to appoinl one trustee to the board. J Drury was a trustee of Lwf until October
2019 and remains a truslee of Lancashire Environmental Fund. In addition, Lwt provides management,
organisational, adminislralive and supervision services lo the charitable company under an agreement and both
parties operate from Cuerden Valley Park near Bamb8r Brldge. The Gharilable company has no employees of ils
own, bul subcontracts onefull limeand parttim8 employees from Lancashire Wildlife Trust who work exclusively
on the charitab18 company's affair5.
During the year, a total of £63,247 (2023.. £63,975) was payable for these servlces and other management,
organisational, administrallve and supervislon servlces.
LWT is established to promote the conservallon of nature for the purpose of study and research 8nd to educate the
public in Ihe understanding and appreciation of nature, the awareness of its value and the need for its conservation.
During the year the charitable company awarded grants totalling £106,495 {2023: £99,510) to LWT in connection
with those objectives.
Lancashlrn County Council
The trustees consider Lancashire Counly Council to be a connected organisation as it is a member ofthe ch8ritable
company with the power to appoint one Irustee to the board. S Tufner is both a trustee of the charltable company
(resigned 2 May 2025) and Deputy Leader of Lancashire County Council.
One of the Current functions of Lancashire County Councll is to provide and maintain publlc open spaces Including
country parks, greenway bridle paths, footpaths etc for the pleasure and enjoyment of the people of Lancashire.
During the year the charilable company awarded grants totalling £0 (2023: £0) to Lancashire county Council in
connection with thls objective.

Docuslgn Envelwe ID.. 68BC2349-60EF-4041-81DF-333E573EC41B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
REPORT OF THE TRUSTEES
YEAR ENDED 31 DECEMBER 2024
Communlty Future5
The trustees consider Community Futures to be a connected charity as it is a member of the charilable company
with the power to appolnt one trustee to the board. F McGinty is the Community Futures appointee and a Trustee
of the charitabl8 company. The aim of Communty Futures is to promote and develop social and community activity
in Lancashire, working through voluntary groups and in partn8rship with public authorlt18S.
Suoz Recycling & Recovery UK Limlted
The trust88s consider Su8z Recycling & Recovery UK Limited to b8 a connect8d organisation as it is a member of
the charitab18 company with tha power lo appoint one trustee to th8 board. A J Hughe5 IS th8 Suaz Recycling &
Recovery UK Limited appoint88 and a Trustee of the charitable company. Suez Recycling & Recovery UK Limited
are the waste management company contracted by Lancashire County Council to dispose ofthe wast8 in the county
which goes to landfill.
Objectives. actlvltles and publlc beneflt
The principal activity of the charitable company is the support for environmental projects via an Entrust registered
environmental body which receives landfill tax credils and awards grants to environmental projects which meet the
criteria speclfled by tha Landfill Tax Regulations 1996 (As Amended)..
Providing and maintsining public amenitles and parks, withln 10 miles of a landflll site, when the work
benefits the natural social or built environment;
The provlsion, conservat5on, restoratlon or enhancement of a natural habitat, malntenance or recovery
of a spec18S Wlthin 10 mlles of a landfill site;
Restoring and repairlng bulldings which are for religious worship. or archit8Ctural or historical interest
wlthin 10 milas of a landfill site.
The trustees hav8 had due regard to guidanc8 published by the Charity Cofflmission on public ben8frt.
Grant making policy
The charity Invitès applicatlons for funding of environmantal projects across th8 Lancashir8 area. Institutional
applicants are invit8d to submit a summary of their proposals in a specified format. The applications are reviewed
against specific criteria by the fund manager. Projects may be funded over varylng perioés of tlme, therefore cost
and progress Is monitored on a continuous basis.
The trustees confirm that they have referred to the guidance contained in the Charity CommSsslon's general
guidance on public benefit when reviewing the Trust's aims and obj8Ctlves and in plannlng future activlties and
setting the grant making policy for the year.
Achievements and performance
During the year, the charitab18 company awarded a total of£1,338,82912023'. £1,620,531) to 60 projects (2023.. 75
projects) while maintaining sufficient resources to enable charitable activities going forward.
The Fund distributes grants on a quarterly cycle on a demand led basis. This makes it difficult to setspecifictargets
for the number and type of proJect applications received and supported. To ensure the number of applications is
maximised, the Fund Manager regularly attends funding events in Lancashire to promote access to the fund.
Financlal revlew
All of the £1,324,361 (2023: £1,258,513) landfill tax income was re￿iVed from Suez Recycling & Recovery UK
Limited in the year. The trustees anticipate the charitable company will continue to be dependent on this income
source.

Docusign Envelope ID.. 688C2349-60EF4041-61 DF433E573EC418
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
REPORT OF THE TRUSTEES
YEAR ENDED 31 DECEMBER 2024
The expectation going forward is that the amount of waste going to landfill and therefore the landfill tax income paid
to the Fund will continue to reduce as alternatlve contracts for disposal of waste are entered into by LCC.
In addition to the grants awarded of £1,338,829 {2023.. £1.620,531), previously awarded balances totalling £54,261
(2023.. £137,672) were written off and this resulted in a net grant cost for the year of £1.284,568 (2023: £1,482.859).
At the year end, grant balances totalling £1,173,884 (2023- £1,845,449) remained unpaid.
Further to th8 costs of grant awards, governance and support costs of £114,431 (2023.. £116,156) were incurred
and the excess of income over expenditure for the yaar was £20 (2023.. £273,778 exc8ss of Sxpenditure over
income).
Al the year end, Lancashire Environmental Fund was also holding a sum of£220,59412023: £140,000) as an agent
for Lancashire County Council, these funds to be used to provide third party contribution payments to draw monies
to cover grants awarded for all the grant schem8S Other tkian the Green Grant sch8m8.
At the year end, Lancashire Environmenlal Fund was holding a balance of £248,560 (2023: £166,081) as an agent
for Lancashire County Council. This amount is being used to cover the third party contribution payments required
to draw down funds to enable payments of grants awarded under all the Grant schemes including the Green Grant
scheme. During the year an amount of £3,186 (2023: £2.1591 interest on these monies held was received. Amounts
totalling £71612023: £565) were disbursed to Suez Recycling & Recovery UK Limited to facilitate the drawdown of
funds for the Green Grant scheme totalling £6,418 (2023- £5,139). £0 (2023-. £60,000) was paid to secure funding
und8r th6 other grant schem8s durlng the year.
Investment policy
Surplus funds are h81d on deposit with Nationwide Building Society and The Royal Bank of Scolland, to 8nsure a
compel((ive interest rate as well as security and fund ac¢(Jssibility.
Interest earned Is reviewed regularfy by the Finance Officer. The trustees consider the retums achieved to be
satisfactory in the current investment climate.
Reserves pollcy
The general unrestricted fund balance of £794,082 (2023.. £794,062) which remains unallocated will be applled to
future awards.
Th8 level of general unrestricted funds is revlewed before grant commltments are made to ensure that the balance
of these funds is always sufficient to cover current and proposed grant commitments and ongoing administration
Costs. The trustees are concemed to maximise the benefit to the community of their grant making policy. The
trustees, however, have to work within the ststutory framework set out in the Landfill Tax regulations and the
Compl1an￿ control of Entrust, the regulator of the Landfill Tax Credit Scheme.
£150,000 of unrestricted funds have prevlously been s&t aside in a designated reseNe lo provide for transitional
costs in the event of landfill operations ceasing as a result of statutory changes to the Scheme or a decision of the
landfill operator. The reserve was calculaled on the basis of an 18 month wind-up at an annual cost of£100,000 to
provide support for existing granl-funded projects. The trustees have reviewed the level of the designated reserv8
and have decided to keep it as this level. subject to continuous review in the future.
The total fund balances at 31 December 2024 were £944,082 (2023: £944,062).
The required level of free reserves is CUrren￿Y £nil as the designated fund has sufficient resources to provide for
foreseeable Iransitional costs. The actual level of free reserves at 31 December 2024 amounted lo £794,082 {2023:
£794,062). ReseNes were built up in the earfy years due lo uncertainty over the continued funding from Landfill
operations. At that time it was the Trustees intention to hold sufficient funds to provlde for five years of grant and
administrative expenses following cessation of funding. This is no longer the case and the Trustees are actively
looking to reduce the amount of free reserves held.

Oocusign Envelope ID.. 688C23494OEF4041-81DF-333E573EC41B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
REPORT OF THE TRUSTEES
YEAR ENDED 31 DECEMBER 2024
It is the intention of the Trust to continue to reduce reserves through the issuing of grants. The rate at which reserves
are distributed is limited by the number arKI value of appllcations received, and by the number of those applicallons
that meet the requirements as sel out in the Objectives and in the Landfill Tax Regulations. The Trust actlvely
encourages applications through advertlsing and promotion of the scheme.
Future plans
The Trust will continue to offer grants in line with the objects subject to the potential impact of the factors highlighted
in the risk review.
Auditor
Following the m8rg8r of MHA Moor8 & Smalley with MHA, the company's ind8P8ndent auditor has now become
MHA. MHA are deemed to b8 re-appointed under s8Ction 487{21 of the Compani8s Act 2006.
Tru8tee$' responslbllltle8
The trustees (who are also directors of Lancashlre Environmental Fund Limited for th8 purposes of company law)
are responsib58 for preparing th8 Trustees, R8POrt and the financial statem8nts in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requirgs the trustees to prepare financial st8tements for each financial year, which give a true and
fair view of the state of affairs of the charitable company and of the incoming resources and application of resources,
including the income and exp8ndllure. of the charitable company for the year. In preparing these financlal
stat&ments, the trustees are required to..
select suilable accounting policies and then apply tham conslstently.,
observ8 the methods and principles in the Charities SORP 2019 {FRS1021,'
make judgements and estimates that are reasonable and prudent.,
state whether appllcable UK Accounting Standards have baen followed, subject to any material
departures disclosed and explained in the financial staternents.,
prepare the financial statements on the going concem basis unless it is inappropriate to presume that
the charitable company will continue in operation.
Th& trustees are responsible for k88ping adequat& accounting records that disclose with reasonable accuracy at
any tim& the financial position of the charitab18 company and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware..
thero Is no relevant audlt information of which the charitable company's auditor is unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to 8sl8blish that the auditor is aware of that information.
In preparing this report the Trustees have tak8n advantage of the small companies exemption provided by the
Companies Act 2006.
The ￿POrt was approved by the board on 19th March 2025 and signed on its behalf by
ÉtLLoisL ILLaLathtW
D Klng
Trustee
H MacAndrew
Secretary

Docusign Envelope ID.. 688C2349-60EF4Q41-81DF-333E573EC418
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS
FOR YEAR ENDED 31 DECEMBER 2024
Oplnlon
Wè have audited the financial stateménts of Lancashire Environmental Fund Limited (the 'charitable company.) for
th8 year end8d 31 Decamber 2024 which comprise the Statement of Financial Activities, the Balance Sheet, Ihe
Cash Flow Statement and notes to the financial statements, including signifi¢ant accounting policies. The financial
reporting framewoth that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Financial Raporting Standard applicable in the UK and
Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
glve a true and fair view of the slate of th8 charitable company's affalrs as at 31 December 2024, and
of its incoming r8sources and application of resources, including Its income and expenditure, for the
year then ended.,
have been property prepared In accordance with Unlted Kingdom Generally Accepted Accountlng
Pr8Ctlce', and
have been prepared In accordance with the requirements of the Companies Act 2006.
Ba51$ for oplnlon
We conducted our audit in accordance with International Standards on Auditlng (UK} {ISAs (UK)) and applicable
law. Our responsibllities under those standards are further described in the Auditor responsibilities for the audit of
the flnancial Statements section of our report. We are independent of the charltable company in accordanc8 Wlth
the ethical requirements that are reSevant to our audit of the financial statements in the UK, including the FRC'5
Ethical Standard, and we have fulfilled our other ethical responsibilities in accordanc& with these requirements. We
believe thal the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Material uncertainty related to going concern
In audlting the financial statements, we have concluded that the trust8es' use of the going concem basis of
accounting in the preparation of the financial statements is appropriate. Our responsibilities and the responsibilities
of the dir8Ctors with raspect to going concern are described in the relevant sections of this report.
We draw attention to Note 1 in the financial statements, which indicates that the income received from Suez will be
reducing signrficantly from 1 April 2025 and wlll cease wlth effect from 1 April 2026. The Trustees are currently
reviewing options for the charity after this date. These events or conditions indicate thal a material uncertainty
exists that may cast significant doubt on the charity's abillty to continue as a going concern.
Our opinion is not modified In respect of this matter.
Other Informatlon
The other information comprises the information included in the trustees annual report, other than tho financial
statements and our auditor's report thereon. The trustees are responsibl8 for the other information contained within
the annual report. Our opinion on the financial statements does not Cover the other information and, except to the
extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is to read the other Information and, in doing so, consider whether the other informatlon Is materially
Inconsistent wlth the financial statements or our knowledge obtained in the course of the audit or otherwise appears
to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether this gives rise to a material misstatement in the financial Statements themselves. If,
based on the work we have performed. we conclude that there is a material misstatement of this other information,
we are required to report that fact.
We have nothing to report in this regard.

D￿UsIgn Envelope ID.. 688C2349-60EF4041-81 DF-333E573EC41B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS (CONTINUED)
FOR YEAR ENDED 31 DECEMBER 2024
Oplnions on other matters prescrlbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, report (incorporating the dir8Ctors' report) for the financial year for
which the financial statements are prepared is consistent with the financial statements; and
the directors, report has been prepared in accordance with applicable legal requirements.
In the light of our knowl8dge and understanding of th8 charitable company and its 8nvironment obtained in the
course of the audit. we have not identified material misstatements in the directors. report.
Matters on whlch wo arn raquirnd to r8port by exceptlon
We have nothing lo ￿port in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you if, In our opinion:
adequate accounting records have not been kept, or retums adequate for our audlt have not been
received from branches not vislted by us: or
the financlal ststements are not In agreement with the accounting records and retums; or
C8rtain disclosures of directors, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit; or
the twstees were not entitled to prepare the financial statements in accordance with the small
companies. regime and take advantage of the small companies, ex8mption in preparing the directors,
report and from the requirement to prepare a strategic report.
Rgsponsibllltles of Trustees
As explained more fully in the trustees, rasponsibillties statement set out on page 6, the trustees (who are a150 the
directors of the charitable company for the purposes of company law) are responsible for the preparation of the
financial statements and for b8ing satisfied that they give a true and fair view, and for such internal control as the
trustees determine is necessary to enable the preparation of financial stat8m8nt5 that are free from material
misstatem8nl. whether du8 to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unless the trustees either intend to liquidat8 the charitable company or to cease operations, or
have no realistic allemalive but to do so.
Auditors responslbllities for the audit of the financial ¥latements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole a￿ free from
matorial misstslement, whether due lo fraud or error, and io issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assuran￿, but is not a guarantee that an audit conducted in aGGordance
with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or
emr and are considered material if, individually or in the aggregate, Ihey could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, a￿ instances of non-compliance with laws and regulations. Vve design procedures in
line with our responsibilities, outlined abov8, to detect material misstat8ments in respect of irregularities, including
fraud. The specific procedures for this engagem8nt and the extent to which thase are capable of detecting
irregularities. including fraud is detailed below-
Obtaining an understanding of the legal and regulatory frameworks that the Charity operates in, focusing
on those laws and regulations that have had a direct effect on the financial Statements. The key laws and
regulations we considered in this context include Charitl8s Act and Entrust regulations. In addition, we
consider complianca with employee legislation, as fundamental to the Charity's operations;

Docusign Envelope10- 68BC2349.60EF4041-81 DF-333E573EC418
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS (CONTINUED)
FOR YEAR ENDED 31 DECEMBER 2024
Discussions with managem8nt, including consideration of known or suspected instanc8s of noncomplianc8
with laws and regulations and fraud.,
Enquiry of management and those charged with governan￿ around actual and potential litigation and
claims.,
Performing audit work over the risk of management override of controls, including testing of joumal entries
and other adjustments for appropriateness, evaluating the business rationale of significant transactions
outside the normal course of business and reviewing accounting estimates for bias;
Auditing the risk of fraud in revenue, including through the testing of income cut off at the period end and
through income transaction testing to provide cijmfort that revenue is completely stated in the financial
statements.,
Reviewing minutes of meetings of th08e charged with governance., and
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance
with applicable laws and regulations.
Becaus8 of the inh8r8nt Ilmitations of an audit, there is a risk that we will not det8Ct all irregularitl8s, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases
the more that compliance with a law or regulation is removed from the events and transactions reflected in the
financial statements, as w8 will beless likely to become aware of instances of non-compliance. The risk is also
greater regarding irregularities occurring due to fraud rather than error, 8s fraud involves intentional concealment,
forgery, collusion, omission or misrepres8ntation.
A further description of our responsibilities Is avallable on the Flnancial Reporting Council's website at:
https.'Ilwww.frc.org.uklOur-WorklAudiVAudil-and-assurancelStandards-and-guidanc81Standards-and-guidance-
for-audilorslAuditors-responsibililies-for-audiVDescription-of-auditors-responsibilities-for-audlt.aspx
This description form5 part of our auditor's report.
Use of our report
This report is made solely lo the charitable company's members, as a body. in accordance with Chapler 3 of Part
16 of Ihe Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable
Company's members those matters we are required to slate to them in an auditor's report and for no other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone otherthan the charitable
company and the charitable company's m8mbers as a body, for our audit work, for Ihis report, or for the opinions
we have formed.
Nlcola Mason MA(Cantab) FCA DthA
Senior Statutory Auditor
For and on behalf of MHA, Statutory Auditor
Preston, United Kingdom
July 7, 2025
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered
number OC455542).

Docusign Envelope ID.. 68BC2349.60EF4041-81DF-333E573EC418
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
STATEMENT OF FINANCIAL ACTMTIES
YEAR ENDED 31 DECEMBER 2024
Designated
funds
2024
General
funds
2024
Total
funds
2024
Total
lunds
2023
Noto
Income from..
Donations and legacies
Investments
1,324,361
73,658
1,324,361
73.658
1,258,513
66, 724
Total Income
1.398,019
1.398,019
1,325.237
Expendlture on".
Charitabla activities
1,397,999
1,397,999
1,599,015
Total 8xpendltura
1,397,999
1.397,999
1,599,015
Not movement In funds
20
20
(273, 778)
Fund balanco blf at 1 January 2024
150,000
794.062
944,062
1,217.840
Fund balance CM at 31 December 2024
150,000
794,082
944,082
944,062
All income and expenditure derive from continuing activities.
The statemant of financial activities includes all gains and losses recognised during the year.
-1

Docuslgn Envelope ID: 688C2349-60EF4041-81DF-333E573EC41B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Nots
Current assets:
Debtors
Cash at bank and in hand
48,915
2,350,548
48,456
2,929,127
Total current assets
2,399,463
2,977,583
Llabillttè$:
Creditors.. amount falling due within
one year
10
(1,455,381)
(2,033,521)
Net curront assgts
944,082
944.062
Net as$ets1oss current Ilablllties
944,082
944,062
The funds of the charlty:
11
Unr8Stricted'.
Gengral
Designated
794.082
150,000
794,062
150,000
Totsl funds
944,082
944,062
These financial statements hav8 been prepared in accordance wlth the provislons appllcabl8 to companies
subject to the small companies regime.
The financial statements were approved and authorlsed for issue by the Board on 19th March 2025 and slgned on
Its behalf by:
C..
D Klng - Trustee
Company Registration Number: 03527370
The notes on pages 13 to page 22 form part of these financial statements.

Docusign Envelope ID: 688C234WJEF4041-81 DF-333E573EC41B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
STATEMENT OF CASH FLOWS
YEAR ENDED 31 DECEMBER 2024
2024
2023
Note
Cash inflows from operating actlvlties:
Net cash provided by/(used In) operatlng
actlvltles
12
(652.237)
(146,670)
Cash flows from Investing activltie8:
Int8r8St receivable
73.658
66, 724
Net cash pmvld•d by/(us•d In) Investlng
actlvltles
73,658
66, 724
Change In cash and cash equlvalents In tho year
Cash and cash equlvalents at 1 January 2024
(578,579)
(79,946)
2,929,127
3,009,073
Cash and cash equivalents at 31 December 2024
2,350,548
2.929,127
-12-

Docuslgn Envelope ID: 68BC23494OEF4041-81DF-333E573EC41B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
Accounting policies
Goneral information and basis of preparation
Lancashire Environmental Fund Llmited is a company Ilmited by guarantee and does not have a share
capital. The liability of the members is limited and is not to ex¢88d £1 per member. The address of the
r8gistered office is giv8n in the charity Information on page 1 of these financial statements. The nature of
the charity's operations and principal activities are detailed in the Trusteas Report on pages 2 to 6.
The charity conslilutes a public benefit entity as deflned by FRS 102. The financial statements have been
prepared in accordance wilh Accounting and Reportlng by Charities: Statemenl of Recommended Practice
applicable to charities preparing their accounls in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland issued in Oclober 2019, tha Financial Reporting Standard
applScable in the United Kingdom and Republi¢ of Ireland (FRS 1021, the Charities Act 2011, the Companies
Act 2006 and UK Generally Accepted Accounting Pradice.
The financial statements are prepared on a golng concem basls under the historical Cost convention,
modified to inGlude certain iterns al fair value. The financial statements are presented in sterling which Is
the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applled in the preparation of these financial statements are s8t out bglow.
These policies have been consistently appli8d lo all years presented unless otherwise stat8d.
Funds
Unrestricted funds ar8 availabl8 for use at the discretion of the truste8s in furth8rance of the general
objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Income recognltlon
Income arlsing from the Landfill Tax Credit Scheme is included In the Statement of Financial Activities
(SOFA) ￿en the charity is legally entitled to the Income after any performance condltions have been met,
the amount can be measured reliably and It is probable that the incorne will be received.
No amount is included in the financial statements forvolunteertirne in Ilne with the SORP (FRS 102). Further
detail is given in the Trustees, Annual Report.
Investment income is earned through holding assets for Investment purposes such as shares and property.
It includes interest received from interest bearing deposil accounts. It is included when th8 amount can be
measured reliably. Intergst incomg is recognised using the effective interest method.
Expenditure rocognltion
All expenditure 15 accounted for on an accruals basis and has b8en classified under headings that aggregate
all cosls related to the category. Expenditure is recognised where ther8 15 a legal or constructive obligation
to make payments to third parties. il is probab18 that the settlement will be required and the amount of lh8
obligation can be measured reliably. It is categorised under the following heading5.'
Expenditure on charitable activities includes grants awarded.
I￿ecoverable VAT is charged as an expense against the activity for Which expenditure arose.
-13-

Docusign Envelope ID.. 688C2349-60EF4041-81 DF-333E573EC418
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
Accounting policies (continuèd)
Expenditure recognitlon (continued)
Grants payable to third parties are wilhin the charitable objects'ves. Grants are due for payment when the
grantee makes an approved claim. Previously grant liabilities were treated as falling due withln one year
unless the terms of the grant offer anticipated payment after one year from the balance sheet date and by
reviewing the Current status of the project at the year end and when it was anticipated to be completed.
Grants ar8 ￿leaSed to the income and expenditure account when:
projscts are cancelled by the grant applicants:
the original grant application exc8eds the final amount claimed on project completion.
Support costs allocation
Support costs are thos8 that assist the work of the charity but do not directly represent charitable activtties
and include office Costs, governance costs, administrative payroll costs. They are incurred dir8clly in support
of expenditure on the objects of the charity.
The analysis of these costs is included in note 5.
Debtors and crodltors recelvablelpayable wlthln one year
Debtors and cr8ditors with no staled interest rate and receivable or payable within one year are recorded
at transaction price. Any losses ansing from Impairment are recognised in expenditure.
Employee ben8flts
When employees have rendered service to the charity, short-t8rm employee benefits to which the
employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that
seNlce. Staff costs are recharged to the charity by Lancashire Wildlrfe Trust.
Golng concern
The financial statements have been prepared on a going concern basis. The Fund relies on monies received
from the waste contract be￿een Lancashire Counly Council and Suez Recycllng & Recovery (UK) Ltd and
the income received from this contract will reduce signlficantly from 151 April 2025 and wlll ceas8 with effect
from 1 April 2026. The trustees have considered thi5 when making a5sessm8nt of the18vel of funds held
and the expect8d level of income and expenditure for 12 months from authorising these financial
statements. Grant awards will reduce in-line with the funds available and the budgeted income and
expenditure Is sufficienl with the level of reserves for the charity to be able lo continue as a going concem.
The trustees are currently reviewing options for the fijture of the charity from 1st April 2026. There is
uncertainty over whether the charity will have the ability to generate future revenue and reduce costs to
enable the charity to be viable longer term when the current income stream ends and as such there is
potential that the charity could be wound down from 1st April 2026. As a result, Ihe trustees consider there
is a material uncertainty over the continued operations of the charity beyond 12 months from authorising
these financial stalements.
Judgements and key sources of estlmation uncertalnty
There have been no significant judgements (apart from those involving estimates) made in the process of
preparing the financial statements.
There have been no key assumptions concerning the future and other key sources Df estlmation uncertainty
at the reporting date that have a significant rlsk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year.
-14-

Docusign Envelope ID.. 688C2349-60EF4041-81DF-333ES73EC41B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
Donations and legacies
2024
2023
Landfill tax income
1,324,361
1,258,513
1,324,361
1.258,513
All of the income from donalions and legacles In the current and previous year was unrestricted.
Investments
2024
2032
Interest reGaivable from interest bearlng deposlt accounts
73,658
66, 724
All of the income from investments in the current and previous year wa5 unrestrlcted.
Charltsble actlvltle8
2024
2023
Grants (note 8)
Governance and support costs (note 5)
1,283,568
114,431
1,482,859
116,156
1,397,999
1,599,015
All of the expenditure on charftsble actlvities in the current and prevlous year was unrestricted.

Docusign Envelopè10'. 688C2349-60EF4041.81 DF-333E573EC41 B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
Govamance and admlnistratlon of the charltable company
2024
Basls of
apportlonment
Support
costs
Governanco
2024
Entrust levy
Staff costs
Publicity
Audit fee
Stationery
Senior mgt charge
Office Expenditur8
Other
Income
Staff time
Usage
Usage
Staff time
staff time
Staff time
Staff lime
40.129
56,357
1,171
40,129
56,357
1,171
6,780
35
5,668
3.876
415
6,780
31
2,834
3,488
2,834
388
415
10,421
104,010
114,431
2023
8asls of
apportlonment
Support
Costs
Governanc8
2023
Entrust levy
staff Gosts
Publicity
Audit f98
Stationery
Senior mgl charge
Office Expenditure
Othar
Income
staff time
Usage
Usage
Staff time
Staff lime
Staff time
Staff time
43.052
57.020
76
43,052
57,020
76
6,042
41
5,668
3,831
426
6,042
37
2,834
3,448
2,834
383
426
9,689
106,467
116.158
The 2024 and 2023 costs were all charged to unrestrlcted g8neral funds.
During the yearthe charitable company, which has no 8mployees of its own, subcontracted on812023: one)
full-time and two12023'. ￿0) part-b'me employees from Lancashire Wildlife Trust to work exclusively on the
charitable company's affairs. All these employees undertook work relating to the provision of grants.
The aggregate payroll costs of three persons were as follows:
2024
2023
Gross salaries
Social security costs
Pension contributions
51,529
3,666
1,162
52,107
3,598
1.315
56,357
57,020
No employee received emoluments of more than £60.000.
-16-

Docusign Envelope ID.. 68BC2349.60EF4041-81 DF-333E573EC41B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
Audltor's r8muneration
2024.
2023
Auditor's remuneration (net of VAT):
For audit services
5,651
5,035
Trustee and key management personnel rnmuneration and expenses
The dir8Ctors, who are also trustees. of the charitable company are non-executive, are not remunerated
and as such are not regarded as employees. None of the tnjstees r8ceived any reimbursement of any
expenses. Indernnity insurance of £96012023: £9951 was purchased during the year, to protect the charity
and its trustees from any loss arlsing from the actlons of the trustees.
The key managem8nt personnel of the charity comprlse only the fund manager. The totsl cost of key
management personnel of the charity lincludlng 8mployerfs pension and National Insuranco contributions)
was therefore £32,13912023.' £34,915).
Grant8
2024
2023
8alance payable brought forward
1,845,449
1,637,692
Previously awarded grants released
New grants awarded In the year
Net grant cost in year (note 4)
{55,261)
1,338,829
(137,672)
1,620,531
1,283,568
1,482,859
3,129,017
3. 120,551
Grants paid in the year
Grants repaid In the year
(1,956,133)
1,000
(1,275, 102)
Balanco payable carrled forward
1,173,884
1,845,449
Belng:
Due within one year (note 10)
1,173,884
1,845,449
Ouring the y8ar the charitable company awarded 60 grants (2023.. 75 grantsl- All grants in the y8ar were
awarded to institutions and all were amenity related.
An analysis of new commitments (grants awarded) in the year is shown below.
Previously awarded grants released relate to grants where the intended recipient no longer meets the
criteria for grant award or does not require the full grant award any longer.
-17-

Docuslgn Envelope ID.. 688C2349-60EF4041-81 DF-333E573EC41B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
Grants (contlnued)
Grant Awarded
Community Facility Improvements
Soundskills Heating System. Brookfield
Stacksteads Methodist Church Activty Space
St Matthews Church, Burnley Hydrogen Ready Boiler
Whitewell Bottom Community Centre. Solar panels
St Andr8ws Church, Longton Community Hall Refurbishment
Billington & Langho Comm Assoc. Outdoor Play & Solar Battery
Foulridge Village Hall Therm81 & Safety Improvement
Garstang Sports Club facillties Upgrade
H8ysh8m Jubilee Institut8, Energy Efficient Windows & Doors
The Hub at Banks, Roof Replacement
Bodies in Motion Gardèn Zone Community Café
Colne citadel. Re Roof, Render & Windows
Rufford Village Hall Environmental Upgrade
More Music, m0￿carnbe Essential Repairs
HAPPA Improved Pathways, Brierfiald
Improved Accessibility for The Grand at Clitheroe
Leyland Baptist Church Building Works
1Jl OswaldtWi5tle St Pauls Scout Hul Access
Ha51ingden Community Link, Mitch811 Building Boiler
Burnley, Pendle & Rossendale Council for Voluntary Service, New Boilers
Ribblesdale Wanderers CC, Illuminating Community Pathway
Total
£11,600
£17,500
£18,000
£16.780
£40,000
£37.230
£18.500
£40,000
£38,800
£38,000
£37,510
£29,800
£20,238
£40,000
£15,422
£21,507
£30,000
£7,725
£5,161
£30,000
£3.650
£517,423
Habltst Creatlon and Management
Lancashire Wildlife Trust, Red Rose Peatland Recovery
Lancashlre Wlldlife Trust, Freemans Freedom to Graze
RSPB Cockshotts Farm Lodge Pond Restoratlon
£39,000
£15,813
£4.736
Total
£59,549
Green Grants
Planting of a Sensory Garden at Happy Mount Park, Morecambe
Picnic Bench at Durham Road Play Park Wilpshire
Basically Cheer, New Beginnings
Bulb & Tree Planting at Hilldale Parish Church
Padiham & Fennyfold Allotments, Raised Beds
CVPT Access & Stepway Enhancements
PCC Longton St Andrews Wil(fflower Garden
Stanhill Village Brookside Wildflower Meadow
£840
£800
£999
£895
£3,000
£3,000
£3,000
£3.000
£15,534
-18-

Docusign Envelop810-. 68BC2349-60EF4041-81 DF-333E573EC41B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
Grants (continued)
Grant Awarded
Parks, Gardens and Open Spaces
Claver Hill Community Project, Accessible Nature Trail
Lancashire Wildlife Trust, Grow and Eat at The Chai Centre, Burnley
Cuerden Valley Park Trust Walled Orchard Update
Friends of Conway Park. Access For All
Roots to Branches For8St School Weeton Barracks, Force of Nature
Grimsargh Wetlands Trust Accass & Safety Improvements
Pendle BC Lomeshaye Marsh Access Improvements,
Hesketh Bank Marsh Lane Garden Access Improvements
Withnell Fold Millenium Green Trust, Making Shed Area Safe
Hyndburn Green Spaces Forum, Green Shoots at Gatty park, Accrlngton
Penine Oaks Public Footpath Wanlass Waters Colne
Cuerd8n Valley Park Trust, Andy Rowett Memorial Garden
Pavlllion Community Hub & Café Gardens
RSPB Dipping Into Nature, L8ighton Moss
Lancashire Wildlife Trust Brews & Views. Mere Sands Wood
Ulnes Walton Bridleway associalion, Upgrade Nixon Lane Woods
Total
£15,000
£21,682
£40,000
£29,920
£39,970
£11,000
£7,000
£9,930
£2,700
£30,000
£29.642
£40,000
£13,265
£24,614
£30.000
£28,000
£372,723
Play Areas and Recreational Facllities
Hawthorn8 Park Trust Play area Improvement
Friends of Victoria Park Haslingden, Wheeled Sports Improvements
Nelson Independent Labour Party Land Society Ltd, Clarion House Playground
Ribble Valley Borough Councll, Longridge Pump Track
Friends of Winchester Field Wcrfjdland & Park Improvements
Fri8nds of Clifton Park Refurb of William Pickles Park
Friends of Roods Play Area Improvements
Staining Parish Council Community Activity Play Area
Friends of Whitaker Park Play Area Improvements
WAVE Adventure Public Tralls & Pump Track, Moller Ring Crawshawbooth
Friends of Rhyddings P8rk New Play Area
Pilling Village Hall, Play Out in Pilling
£40.000
£40.000
£20,000
£40,000
£38,000
£38.000
£38.000
£33,000
£30,000
£9,000
£30,000
£17.600
Total
£373,600
Overall Total
£1,338,829
-1

Docuslgn Envelopg ID.. 68BC234￿soEF4O4l-8lDF-333£573EC41B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
Dobtors
2024
2023
Accrued income
48,915
48,456
All accrued income relat8d to unr85trict8d general funds.
10
Credltors: amounts falllng duo wlthin orte year
2024
2023
Grants awarded (note 8)
Other credltors
Accruals
1,173,884
265,030
16,467
1,845,449
182,024
6,048
1,455,381
2,033,521
During the year ended 31 December 2024 Lancashire County Council paid £nil (2023- £nil) to the fund to
cover the cost of third party contributlons necessary to draw landfill tax income to flnance the Green Grant
Scheme golng forward. In the event of the Green Grant Scheme ceasing to exist, the monies are to be used
specifically to pay third party contributions to draw landfill tax income to be allocat8d to Lancashir8
Environmental Fund's other remaining grant schemes. At the year end an amount of £27,966 (2023:
£26,080) was held within other creditors for this purpose,
Ouring the year 8nded 31 December 2024 Lancashire County Council paid £80,000 (2023: £80'000) to the
fund to cover the cost of third party contributlons necessary to draw landfill tax income to finance the Main
Grant and Small Grant Schemes going fotward. At the year end an amount of £220,594 (2023- £140,001)
Was held wlthln other creditors.
-20-

Docu8ign Envelope ID.. 688C2349-60EF4041-B1 DF-333E573EC41B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
11
Summary of funds
Total
unrestrict•d
fund
General Designated
fund
Fund
Fund balancos at 31 Dacembèr 2024
Representad by..
Currant assets
Current liabilities
2,249,463
(1,455,381)
150,000
2,399,463
(1,455.3811
794,082
150,000
944.082
Movements in funds
Balance brought forward
Net outgolng funds
794,062
20
150,000
944,062
20
Balance carried forward
794,082
150,000
944,082
Totsl
General Deslgnated unrestricted
fund
Fund
fund
Fund balanc08 at 31 December 2023
Represented by..
Current assets
Current Ilabilitles
2,827,583
(2,033, 521)
150,000
2,977,583
(2,033,521)
794,062
150,000
944,062
Movoments In fund8
Balance brought fotward
Net incoming funds
1,067,840
(273, 778)
150.000
1,217,840
(273, 778)
Balanco carrled forward
794,062
150,000
944.062
The gengral fund relates to surplus funds from landfill tax credit r8ceipt5 not yel paid out as grants.
A designated fund of £150,000 has been set up by the Trustees to provide for future transilional expenses
in the event that landfill operations cease.
-21-

D￿Usign Envelope ID.. 688c234￿6OEF4041-8lDF-333Es73EC41B
LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE)
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31 DECEMBER 2024
12
ReGonciliation of not ineomel(expanditure) to net cash flow from operating activlti8S
2024
2023
Net incomel(expendtture) for the year
Interest receivable
(Increaseydecrease in debtors
Increas81(decrease) in creditors
20
(273. 778)
(73,658)
{459)
{578.140)
(66, 724)
(27,3T1)
221, 203
(652,237)
(146.670)
13
Related party transaction8
SUEZ Recycljng & Recovery UK Limited {'SUEZ'I is a member of the charitable company with th8 power to
appoint one trustee lo the board. A J Hughes is a Director of Suez and a trustee of the charitable company.
During the year landfill tax monies payable to the charitable company from SUEZ amounted to £1.324.361
(2023.. £1.258,513).
L8ncashire Wildlife Trust ('Lwf') is a member of the charitable company with the power to appolnt one
trustee to the board. J Drury was a trustee of LWT until October 2019 and remains a trustee of LEF. During
the year LWT provided management. org8nisalional, administrative and sup&Nision services to the
charitabl6 company forwhlch £63,289 (2023.. £63,975) was charged in the income and expenditure account.
A balance of£114,113 (2023.. £179,207) was due to Lwf at 31 December2024. This comprised outstanding
grants of £107,538 (2023.. £172,965) and service charges of £6,575 (2023: £6,242). Grants lotalling
£106,495 (2023.. £99,510) were awarded to during the year. Grants of £2,616 12023: £2,617)
previously awarded to Lwf have been written back during the year.
Lancashire County Council ('LCC') is a rnember of th8 charitable company with the power to appoint one
truslee to the board. S Turner was the Chairman of the charitable company and a member of LCC. A
balance of £0 {2023: £0} was due to LCC as at 31sl December 2024. Grants tolalling £0 (2023.. £0) were
awarded to LCC during the year. Grants of £0 (2023: £285) previously awarded to LCC have been wrltten
back during the year.
It Is the company policy that trust8es must inform th@ board of their Interests in grant applications at the
start of board meetings. The Interested trustee will not participate during Ihe consideration of these
applications. In the case of the Chairman having an Interest in an application. the chair Is taken by the Vice-
Chairman.

Docuslgn Envelope ID: 68BC2349-60EF4041-81DF-333E573EC41 B
LAAJCASHllÉ EAJrflIOAJ￿ÉhjT1L FU￿￿
The Bam. Berkeley Drive, Bamber Bridge, Preston PR5 68Y
Tel: 01772 317247
Fax: 01772 628849
general@lancsenvfund.org.uk
www.lan&senvfund.org.uk
Contributing to a quality and sustainable environment for L8nc8shire
MHA
Richard House
9 WinC￿eY Square
Preston
PR13HP
Dear Sirs
Flnancial statements for tha year ended 31 December 2024
The following representations are made on the basis ofenquirie5 ofmanagement and staff wlth relevant
knowledge and exp8rience such as we consider necessary in connection with your audit of Ihe
charitable company's financial statements forthe year ended 31 December 2024. These enqulries have
included inspectlon of supporting documentation where appropriate and a￿ sufficient to satisfy
ourselves that we can make each of th8 followlng representstions. All representations arg made to th8
best of our knowledge and belief.
Genoral
We hav8 fulfilled our responsibilitie5 as directors as set out in the terms of your 8ngagem8nt
letter, under the Companies Act 2006 and Charities Act 2011 for preparing financial statem8nts
in accordance with appliGab18 law and United Kingdom Accounting Standard5 (United Kingdom
Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view
and for making accurat8 representations lo you.
All the transactions undertaken by the charitable company have been properfy reflected and
recorded in th8 accounting records.
All the accountlng records have been made avallable to you for the purpose of your audit. We
have provlded you with unr8Stricted access to all appropriate persons wlthin th8 charltsbl8
company, and with all other r8cords and related information raquested, including minutes of all
manag8ment and trustee m88tings and correspondence with The Charity Commission.
The financial statements are free of material mlssiatements, Includlng omi5slons.
The effects of uncorrected misstatements (as set out in the Audit Findings Report) are
immaterSal both indivldually and in total
Internal control and fraud
We acknowledge OLfjr responsibility for the design, implementation and malntenance of internal
control systems to prevent and delecl fraud and error. We have disclosed to you the results of
our risk assessment that the financlal stalements may be misststed as a result of fraud.
We have disclosed lo you all instances of known or suspected fraud affecting the entity involving
management, employees who have a significant role in internal control or others that could
have a material effect on the financial statement5.
We have also disclosed to you all infomiation in relation to allegations of fraud or suspected
fraud affecting the entity's financial statements communicated by current or former employees,
analysts, regulators or others.
Lancasb.Ire
Irity
communifyfvlur
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Oocuslgn Envelope ID.. 68BC2349-60EF4041-81DF-333E573EC41 B
Assels and Ilabiliti08
The charitable company has satisfactory tit18 to all assets and there are no liens or
encumbrances on the charitable company's assets, except for those thal are disclosed in the
notes to th8 financial stataments.
All actual liabilities. contingent liabilities and guarantees given to third parties have b88n
recorded or disclosed as appropriate.
We have no plans or intentions that may materially alter the carrying value and where relevant
the fair value measurements or classification of assets and Ilabilities reflected in the financial
statements.
10
A¢¢ounting estimates
12
The m8thods, data and significant assumptions used by us in making accounting
estimates, and their related disclosures, a￿ appropriate to achi8V8 recognition, measurement
and disclosur8 that is reasonable in the context of the applicable financial ￿PortIng framework.
Loans and arrangements
13
The charitable cornpany has not granted any advances or credits to, or made guarantees on
behalf of, directors other than those disclosed in the financial statements.
Legal claims
14
We have disclosed to you all claims In connectlon with litigatlon that have been, or are expected
to be, received and such matters, as approprlate, have been property accounted for, and
disclosed in, the financial statements.
Laws and regulatlons
15
W8 have disclosed to you all known instanc8s of non-compliance or susp8Cted non-compliance
with laws and r8gulations whose effects should be considered when pr8paring the financial
statem8nts.
Related partles
16
Relatad party relatlonships and transactlons have been appropriately accounted for and
disclosed in the flnancial statements. We have disclosed to you all relevant information
concerning such relationships and transactions and are not aware of any other matters whlch
requir8 disclosure in order to comply with legislative and accounting standards requirements.
Subsequent •v•nt•
17
All events subs8quent to the date of the financial statements which r8quire adjustment or
disclosure have been properly accounted for and disclosed.
Going concern
18
We believe that the charitable company's financial statements should be prepared on a going
concern basis on the grounds that current and future sources of funding or support will be more
than adequate for the charitable company's needs. We also confirm our plans for futu
actionlsl required to enable the charitable company to continue as a going concem are
feasible. We have considered a period of ￿e1ve months from the date of approval of the
financial statements. We believ8 that no furth8r disclosures relating to the charitable company's
ability to continue as a going concem need to be made in the financial statements.
Grants and donatlons
19
All grants. donations and other income. the receipt of which is subject to specific terms or
conditions, have been notified to you. There have been no breaches of terms or conditions in
the application of such income.
20
We confirm the following specific representations made to you during the Course of your audit:
a We are not awar8 of any reasons why any of the grants awarded but not paid at 31
December 2024 may not be payable.

Docusign Envelope ID.. 688C23494OEF4041-81DF433E573EC41B
b There are no additional r81ated party transactions other than those included in note 13 of
the accounts.
W8 acknowledg8 our legal responsibiliti8s regarding disclosure of information to you as audltors and
confirm that so far as we are aware. there is no relevant audit information needed by you in connection
with preparing your audit report of which you are unaware.
Each director has laken all the steps that he ought to have taken as a director in order to make himself
aware of any relevant audit information and to establlsh that you are aware of that information.
Yours faithfully
Trust88
On behalf of the board of Trustees
Date
May 27, 2025