**Charity number: 1078183**
## **LINC FUND**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2021**
## **LINC FUND**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 6|
|**Independent Examiner's Report**|7 - 8|
|**Statement of Financial Activities**|9|
|**Balance Sheet**|10|
|**Notes to the Financial Statements**|11 - 25|
## **LINC FUND**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021**
## **Trustees**
Dr G Fox A Bamford Dr A Johny Dr R Frewin S Wood
J Pointon
G Parker
M Harris (appointed 1 September 2020)
## **Charity registered number**
1078183
## **Principal office**
The LINC Office, Haematology Department Cheltenham General Hospital Cheltenham GL53 7AN
## **Independent Examiners**
Randall & Payne LLP Shurdington Road Shurdington Cheltenham Gloucestershire GL51 4GA
Page 1
**LINC FUND**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021**
The Trustees present their annual report together with the audited financial statements of the LINC FUND for the year 1 April 2020 to 31 March 2021. The Trustees confirm that the annual report and financial statements of the Charity comply with the charity's governing document and "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 (FRS 102) (published October 2019)
LINC FUND is a registered charity, number 1078183, and is constituted under a Trust deed.
## **1. Structure, governance and management**
## Governing Document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## Method of appointment of trustees
Trustees with relevant experience are approached by the charity to see if they would be interested in becoming Trustees. Appointments are made and ratified at Trustee meetings.
## Policies adopted for the induction and training of trustees
The training and induction provided for new Trustees will depend on their existing experience. Where necessary, induction is provided on charity, healthcare, legal and financial matters by independent suppliers.
## Organisational structure and decision making
The charity aims to have between 9 and 12 trustees, in line with Charity Commission recommendations.
Trustees are sought from a range of backgrounds to provide breadth of knowledge and experience.
Decisions are taken by consensus and formal approval at the regular trustee meetings. Trustees meet between 4 and 6 times per year and the meetings are recorded and minutes ratified at the next meeting.
The Trustees appoint a Chair of Trustees each year.
The Trustees are responsible for setting spending priorities, monitoring the financial performance and position of the charity and making major decisions about the direction of the charity. They appoint paid staff and oversee the activities of the charity's volunteers where appropriate.
## 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. Major risks are regularly reviewed and appropriate systems and procedures are developed to manage those risks.
## Wider network
The Trustees appoint the directors of LINC Trading Ltd (company number 07238085). LINC Trading Ltd is a charity shop based in Cheltenham.
Page 2
**LINC FUND**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **Objectives and Activities**
## **a. Objectives and aims**
LINC works to improve the care of people who are receiving intensive chemotherapy at Gloucestershire Hospitals NHS Foundation Trust. This is mainly patients from Gloucestershire and Herefordshire. These are mainly people with leukaemia, lymphoma and other blood cancers. It provides financial help where needed, funds new facilities and equipment, clinical psychologists and a cancer research post.
In setting objectives and planning for activities, the Trustee have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Significant and charitable activities**
The charity funds two clinical psychologists who work with our patients and a haematology research nurse who is responsible for entering and over seeing patients into relevant trials. There is evidence that patients in trials have a better outcome than those who are not.
The charity provides financial support for patients and their carers if they are facing hardship as a result of their illness and its treatment.
The Charity provides funding for equipment purchase and minor capital works in the Edward Jenner Clinic, Linc out-patient department and to Rendcombe Ward in the Oncology Centre at the request of nursing staff or clinicians if money would not otherwise be available through the NHS.
## **c. Grant making policies**
Patients are encouraged to apply for financial assistance from Linc to ease the financial hardship that can burden those undergoing treatment. Patients can apply themselves or be referred by a member of hospital staff. During 2020/2021 £2,500 was given to support patients and their carers.
## **d. Volunteers**
We are grateful to our dedicated volunteers who contribute so much to the charity by helping in a wide variety of administrative tasks and by helping to organise and partaking in a wide variety of events throughout the year at all hours of the day and in all weathers.
## **e. Public Benefit**
The Trustees have had regard to Charity's Commission guidance on public benefit.
Page 3
**LINC FUND**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **Achievements and performance**
## **a. Fundraising activities**
2020 brought uncertainty and challenges to every charity and LINC had to adapt to the consequences facing fundraising. With many organised events having to be cancelled, the charity turned to virtual methods of raising funds and maintaining that vital connection with our donors.
A virtual cycle ride attracted many cyclists to complete their own rides including David Cross who as shielding patient completed his ride in his own garage. We held a Lockdown Garden Competition and a Pampered Pets Competition which both received a number of photographic entries. Drink for LINC also proved immensely popular.
Community fundraisers have remained vitally important, Jody Hung completed a Leckhampton Hill Marathon Walk, Gareth Hopkins ran a marathon between Gloucester and Cheltenham and Nicky Dobbin swam the channel distance in a pool in her back garden. Other businesses supported LINC by donating percentages of sales to the charity. Our patron PJ Crook raised £4,200 through her miniature art sale.
There was a small moment of time in September when we were able to hold an open air concert in the Sanctuary Garden. The Carducci Quartet gave us a moving live performance which was appreciated by all.
## **b. Corporate support**
LINC has also had amazing support from the corporate sector. We would particularly like to thank Colour Connection and also Brewin Dolphin, Randall & Payne, John Lewis and GE Aviation for their help and generosity.
## **c. LINC charity shop**
Due to Lockdown restrictions, the LINC Shop remained closed for many months in 2020, opening briefly during the Summer months. The shop offered a click and collect service for customers when it was closed.
## **d. Donations**
LINC has received grants including £10,000 from the National Lottery Fund, Tesco Community Fund and Renishaw. We have also been grateful to receive a number of In Memoriam donations this year. Our regular givers and 100 Club have provided a regular monthly income.
## **2. Financial review**
Clearly the year 2020/21 was dramatically affected by the Covid-19 pandemic. However, from a financial point of view whilst one of the impacts was to considerably reduce our fundraising income, we were much more fortunate than many other organisations in that our other income sources remained strong and we were able to benefit from the furlough scheme, redeployment of staff elsewhere in the NHS and from certain government grants.
In the end our overall financial position actually improved over the course of the year.
At each of our bi-monthly reviews we looked at actuals for the preceding quarter and compared this with our in-year budgets forecasts. At no point during the year did we did we have concerns about the Charities viability for the period up to 31st March 2021 or indeed for the foreseeable future.
Page 4
**LINC FUND**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **a. Going concern**
After making appropriate enquiries, the Trustee have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
The Trustees review the reserve levels of the charity at each of its bi-monthly meeting. This review involves the careful analysis of income and expenditure streams and their performance against the agreed annual budget which has been set to match existing reserves and in-year planed surplus with our regular commitments to patient support and care as well as any planned one-off expenditure.
The General Fund may be applied for any purpose in line with the charity's objects. This includes the items such as the charity's commitment to fund clinical psychologists who provide important support for both patients and their families as they cope with the uncertainties of a diagnosis of cancer and the impact of chemotherapy.
There are also restricted funds. These include the Robert Dalton Research Fellowship Fund, which is used to fund the Robert Dalton Leukaemia Research Fellow and the Make a Difference Campaign Fund.
## **c. Plans for the future**
At present, the Trustees of LINC are undertaking a review of the Linc Fund activities as we emerge from the pandemic with a view to getting best value from the funds set aside for the appointment of an additional member of staff. The 5-year plan continues to be developed with a view to ensuring that LINC remains able to provide vital support for patients undergoing intensive chemotherapy in Gloucestershire in the long term.
## **Structure, governance and management**
## **a. Constitution**
LINC FUND is a registered charity, number 1078183, and is constituted under a Trust deed.
Page 5
## **LINC FUND**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **Statement of Trustees' responsibilities**
The Trustee are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustee are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustee are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustee on _________________________________________________ and signed on their behalf by:
## **A Bamford**
Page 6
## **LINC FUND**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021**
## **Independent Examiner's Report to the Trustees of LINC FUND ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2021.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Ryan Moore
Dated: 9 November 2021
CA (Senior Statutory Auditor)
Page 7
## **LINC FUND**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
Randall & Payne LLP Chargrove House Shurdington Road Cheltenham Gloucestershire GL51 4GA
Page 8
## **LINC FUND**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**Note**
**Income from:**
Donations and legacies
5
Other trading activities
6
Other income
7
**Total income**
**Expenditure on:**
Raising funds
8
Charitable activities
10
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2021**
**£**
**13,618**
**-**
**-**
**13,618**
**-**
**184**
**184**
**13,434**
**244,885**
**13,434**
**258,319**|**Unrestricted**
**funds**
**2021**
**£**
**177,326**
**28,189**
**360**
**205,875**
**30,269**
**123,966**
**154,235**
**51,640**
**217,918**
**51,640**
**269,558**|**Total**
**funds**
**2021**
**£**
**190,944**
**28,189**
**360**
**219,493**
**30,269**
**124,150**
**154,419**
**65,074**
**462,803**
**65,074**
**527,877**|_Total_
_funds_
_2020_
_£_
_139,220_
_76,195_
_2,437_|
|---|---|---|---|---|
|||||_217,852_|
|||||_65,104_
_135,031_|
|||||_200,135_|
|||||_17,717_|
|||||_445,086_
_17,717_|
|||||_462,803_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 25 form part of these financial statements.
Page 9
## **LINC FUND**
## **BALANCE SHEET AS AT 31 MARCH 2021**
|**Note**
**Current assets**
Stocks
14
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
18
Unrestricted funds
18
**Total funds**|**15,980**
**12,833**
**533,931**
**562,744**
**(34,867)**|**2021**
**£**
**527,877**
**527,877**
**527,877**
**527,877**
**258,319**
**269,558**
**527,877**|_16,350_
_12,154_
_450,718_
_479,222_
_(16,419)_|_2020_
_£_
_462,803_|
|---|---|---|---|---|
|||||_462,803_|
|||||_462,803_|
||||||
|||||_462,803_|
|||||_244,885_
_217,918_|
||||||
|||||_462,803_|
The financial statements were approved and authorised for issue by the Trustees on _________________________________________________ and signed on their behalf by:
## **A Bamford**
The notes on pages 11 to 25 form part of these financial statements.
Page 10
**LINC FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **3. General information**
LINC Fund is a charity registered in England & Wales and is constituted by a Trust Deed. The Charity number can be found on the information page.
## **4. Accounting policies**
## **4.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
LINC FUND meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **4.2 Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
Page 11
**LINC FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **4. Accounting policies (continued)**
## **4.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.
Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' Report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
## **4.4 Expenditure**
Page 12
**LINC FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **4. Accounting policies (continued)**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
## **4.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank.
## **4.6 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
## **4.7 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **4.8 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 13
**LINC FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **4. Accounting policies (continued)**
## **4.9 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
## **4.10 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **4.11 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **5. Income from donations and legacies**
|Donations
Legacies|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
13,618
94,554
-
82,772
13,618
177,326
_Restricted_
_funds_
_2020_
_Unrestricted_
_funds_
_2020_
_£_
_£_|**Total**
**funds**
**2021**
**£**
**108,172**
**82,772**|
|---|---|---|
|||**190,944**|
|||_Total_
_funds_
_2020_
_£_|
Page 14
## **LINC FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **5. Income from donations and legacies (continued)**
|Donations
Legacies|_Restricted_
_funds_
_2020_
_£_
_12,329_
_-_
_12,329_|_Unrestricted_
_funds_
_2020_
_£_
_102,960_
_23,931_
_126,891_|_Total_
_funds_
_2020_
_£_
_115,289_
_23,931_|
|---|---|---|---|
||||_139,220_|
## **6. Income from other trading activities Income from fundraising events**
|**Unrestricted**
**funds**
**2021**
**£**
Fundraising
24,914
Sale of goods
3,275
28,189
_Unrestricted_
_funds_
_2020_
_£_
Fundraising
_69,035_
Sale of goods
_7,160_
_76,195_|**Total**
**funds**
**2021**
**£**
**24,914**
**3,275**|
|---|---|
||**28,189**|
||_Total_
_funds_
_2020_
_£_
_69,035_
_7,160_|
||_76,195_|
Page 15
## **LINC FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **7. Other incoming resources**
|Bank Interest
Bank Interest|**Unrestricted**
**funds**
**2021**
**£**
360
_Unrestricted_
_funds_
_2020_
_£_
_2,437_|**Total**
**funds**
**2021**
**£**
**360**|
|---|---|---|
|||_Total_
_funds_
_2020_
_£_
_2,437_|
## **8. Expenditure on raising funds**
## **Costs of raising voluntary income**
|**Unrestricted**
**funds**
**2021**
**£**
Support costs
22,039
Fundraising costs
4,840
Goods for resale
3,390
30,269|**Total**
**funds**
**2021**
**£**
**22,039**
**4,840**
**3,390**|
|---|---|
||**30,269**|
Page 16
## **LINC FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **8. Expenditure on raising funds (continued)**
## **Costs of raising voluntary income (continued)**
|Support costs
Fundraising costs
Goods for resale|_Unrestricted_
_funds_
_2020_
_£_
_39,890_
_19,093_
_6,121_
_65,104_|_Total_
_funds_
_2020_
_£_
_39,890_
_19,093_
_6,121_|
|---|---|---|
|||_65,104_|
## **9. Analysis of grants**
|Grants to individuals
Grants to individuals|**Grants to**
**Individuals**
**2021**
**£**
2,500
_Grants to_
_Individuals_
_2020_
_£_
_2,800_|**Total**
**funds**
**2021**
**£**
**2,500**|
|---|---|---|
|||_Total_
_funds_
_2020_
_£_
_2,800_|
Page 17
## **LINC FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **10. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Charitable activities
Charitable activities|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
184
123,966
_Restricted_
_funds_
_2020_
_Unrestricted_
_funds_
_2020_
_£_
_£_
_10,174_
_124,857_|**Total**
**funds**
**2021**
**£**
**124,150**|
|---|---|---|
|||_Total_
_funds_
_2020_
_£_
_135,031_|
## **11. Analysis of expenditure by activities**
|Raising Funds
Raising Funds|**Activities**
**undertaken**
**directly**
**2021**
**£**
76,322
_Activities_
_undertaken_
_directly_
_2020_
_£_
_82,557_|**Grant**
**funding of**
**activities**
**2021**
**£**
2,500
_Grant_
_funding of_
_activities_
_2020_
_£_
_2,800_|**Support**
**costs**
**2021**
**£**
45,328
_Support_
_costs_
_2020_
_£_
_49,674_|**Total**
**funds**
**2021**
**£**
**124,150**|
|---|---|---|---|---|
|||||_Total_
_funds_
_2020_
_£_
_135,031_|
Page 18
**LINC FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **11. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Clinical Psychologist
Supporting Patient Care
Sanctuary Gardens
Supporting Reasearch Costs
Clinical Psychologist
Supporting Patient Care
Sanctuary Gardens
**Analysis of support costs**
Accountancy fees
Reimbursement of NHS wages and salaries|**Raising**
**Funds**
**2021**
**£**
41,460
2,520
184
32,158
76,322
_Raising_
_Funds_
_2020_
_£_
_37,224_
_35,159_
_10,174_
_82,557_
**Raising**
**Funds**
**2021**
**£**
5,549
39,779
45,328|**Total**
**funds**
**2021**
**£**
**41,460**
**2,520**
**184**
**32,158**|
|---|---|---|
|||**76,322**|
|||_Total_
_funds_
_2020_
_£_
_37,224_
_35,159_
_10,174_|
|||_82,557_|
|||**Total**
**funds**
**2021**
**£**
**5,549**
**39,779**|
|||**45,328**|
Page 19
**LINC FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **11. Analysis of expenditure by activities (continued)**
## **Analysis of support costs (continued)**
|Accountancy fees
Reimbursement of NHS wages and salaries
**12.**
**Independent examiner's remuneration**
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts|_Raising_
_Funds_
_2020_
_£_
_3,973_
_45,701_
_49,674_
**2021**
**£**
**1,950**|_Total_
_funds_
_2020_
_£_
_3,973_
_45,701_|
|---|---|---|
|||_49,674_|
|||_2020_
_£_
_1,950_|
## **13. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2020 - £NIL)_ .
During the year ended 31 March 2021, no Trustee expenses have been incurred _(2020 - £NIL)_ .
## **14. Stocks**
||**2021**|_2020_|
|---|---|---|
||**£**|_£_|
|Finished goods and goods for resale|**15,980**|_16,350_|
Page 20
**LINC FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **15. Debtors**
|**Due within one year**
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income|**2021**
**£**
**462**
**8,093**
**3,140**
**1,138**
**12,833**|_2020_
_£_
_176_
_3,143_
_7,558_
_1,277_|
|---|---|---|
||||
|||_12,154_|
## **16. Creditors: Amounts falling due within one year**
|Trade creditors
Other creditors
Accruals and deferred income|**2021**
**£**
**40**
**3,408**
**31,419**
**34,867**|_2020_
_£_
_2,982_
_7,006_
_6,431_|
|---|---|---|
||||
|||_16,419_|
## **17. Financial instruments**
||**2021**|_2020_|
|---|---|---|
||**£**|_£_|
|**Financial assets**|||
|Financial assets measured at fair value through income and expenditure|**533,931**|_450,718_|
Page 21
**LINC FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **18. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds
Fundraising
Legacies
Other General Funds
**Restricted funds**
Robert Dalton Research Fellowship Fund
Clinical Psychology
Haem Research Post
Donations
Sanctuary Garden
Other Restricted funds
**Total of funds**|**Balance at 1**
**April 2020**
**£**
**153,538**
**87,740**
**44,720**
**(68,080)**
**217,918**
**232,556**
**(30,937)**
**(26,970)**
**12,329**
**(10,174)**
**68,081**
**244,885**
**462,803**|**Income**
**£**
**98,189**
**24,914**
**82,772**
**-**
**205,875**
**-**
**-**
**-**
**13,618**
**-**
**-**
**13,618**
**219,493**|**Expenditure**
**£**
**(149,395)**
**(4,840)**
**-**
**-**
**(154,235)**
**-**
**-**
**-**
**-**
**(184)**
**-**
**(184)**
**(154,419)**|**Balance at**
**31 March**
**2021**
**£**
**102,332**
**107,814**
**127,492**
**(68,080)**
**269,558**
**232,556**
**(30,937)**
**(26,970)**
**25,947**
**(10,358)**
**68,081**
**258,319**
**527,877**|
|---|---|---|---|---|
The purpose of the Robert Dalton Research Fellowship fund is to provide financial support post graduate PhD students studying in the field of Leukaemia or lymphoma. Other restricted funds include funds for reclining chairs, a memorial garden and the upgrade of the Rendcomb Ward side rooms.
Page 22
**LINC FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **18. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
General Funds
Fundraising
Legacies
Other General Funds
Distribution of profits from LINC Trading
Limited
**Restricted funds**
Robert Dalton Research Fellowship Fund
Clinical Psychology
Haem Research Post
Donations
Sanctuary Garden
Other Restricted funds
**Total of funds**|_Balance at_
_1 April 2019_
_£_
_153,943_
_37,799_
_20,789_
_-_
_-_
_212,531_
_232,556_
_-_
_-_
_-_
_-_
_-_
_232,556_
_445,087_|_Income_
_£_
_82,728_
_69,035_
_23,931_
_-_
_29,829_
_205,523_
_-_
_-_
_-_
_12,329_
_-_
_-_
_12,329_
_12,329_|_Expenditure_
_£_
_(83,131)_
_(19,094)_
_-_
_(68,082)_
_(29,829)_
_(200,136)_
_-_
_(30,937)_
_(26,970)_
_-_
_(10,174)_
_68,081_
_-_
_(200,136)_|_Balance at_
_31 March_
_2020_
_£_
_153,540_
_87,740_
_44,720_
_(68,082)_
_-_
_217,918_
_232,556_
_(30,937)_
_(26,970)_
_12,329_
_(10,174)_
_68,081_
_244,885_
_462,803_|
|---|---|---|---|---|
## **19. Summary of funds**
Page 23
## **LINC FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **19. Summary of funds (continued)**
## **Summary of funds - current year**
|General funds
Restricted funds
**Summary of funds - prior year**
General funds
Restricted funds|**Balance at 1**
**April 2020**
**£**
**217,918**
**244,885**
**462,803**
_Balance at_
_1 April 2019_
_£_
_212,531_
_232,556_
_445,087_|**Income**
**£**
**205,875**
**13,618**
**219,493**
_Income_
_£_
_205,523_
_12,329_
_217,852_|**Expenditure**
**£**
**(154,235)**
**(184)**
**(154,419)**
_Expenditure_
_£_
_(200,136)_
_-_
_(200,136)_|**Balance at**
**31 March**
**2021**
**£**
**269,558**
**258,319**|
|---|---|---|---|---|
|||||**527,877**|
|||||_Balance at_
_31 March_
_2020_
_£_
_217,918_
_244,885_|
|||||_462,803_|
## **20. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2021**
**Unrestricted**
**funds**
**2021**
**£**
**£**
258,319
304,425
-
(34,867)
258,319
269,558|**Total**
**funds**
**2021**
**£**
**562,744**
**(34,867)**|
|---|---|---|
|||**527,877**|
Page 24
## **LINC FUND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **20. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior year**
|Current assets
Creditors due within one year
**Total**|_Restricted_
_funds_
_2020_
_£_
_244,885_
_-_
_244,885_|_Unrestricted_
_funds_
_2020_
_£_
_234,337_
_(16,421)_
_217,916_|_Total_
_funds_
_2020_
_£_
_479,222_
_(16,421)_
_462,801_|
|---|---|---|---|
Page 25