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2023-03-31-accounts

Registered number: 04108372 Charity number: 1089130

LINCOLNSHIRE ACTION TRUST (A Company Limited by Guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 11
Independent Auditors' Report on the Financial Statements 12 - 16
Statement of Financial Activities 17
Balance Sheet 18 - 19
Statement of Cash Flows 20
Notes to the Financial Statements 21 - 37

(A Company Limited by Guarantee)

LINCOLNSHIRE ACTION TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Trustees Joanne Lesley Mead, Chair
Georgia Alsop, Treasurer
Daniel Callaghan
Paul Hunter
David Libiszewski
Nicoya Palastanga
Michael Wistow
Company Registered
Number
04108372
Charity Registered
Number
1089130
Registered Office
3rd Floor, Lincoln House
37-39 Newland
Lincoln
Lincolnshire
LN1 1YA
Company Secretary
Georgia Alsop
Chief Executive
Alison Goddard
Independent Auditors
Streets Audit LLP
Chartered Accountants & Statutory Auditor
Tower House
Lucy Tower Street
Lincoln
LN1 1XW
Bankers
Co-operative Bank
PO Box 250
Skelmersdale
WN8 6WT
HSBC Bank plc
221 High Street
Lincoln
LN1 1TS
Solicitors
Andrew & Co LLP
St Swithin's Court
1 Flavian Road
Nettleham Road
Lincoln
LN2 4GR

Page 1

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their annual report together with the audited financial statements of the Charity for the year 1 April 2022 to 31 March 2023. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective January 2015) and Update Bulletin 2 (effective January 2019).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. Governing Document

The Charity is constituted as a Company Limited by Guarantee (Company Number 04108372) as defined by the Companies Act 2006. It is governed by its Articles and Memorandum of Association.

In setting objectives and planning for activities, the Trustees 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. Recruitment and appointment of trustees

The Directors of the Company are also charity Trustees for the purpose of charity law and under the Company’s Articles are known as members of the Board of Management. Trustees retire by rotation by those who have been longest in office since their appointment or reappointment. If the vacancy is not filled, the retiring trustee, if willing to act, will be deemed to have been reappointed unless it is resolved not to fill the vacancy or unless a resolution for the reappointment of the trustee is put to the meeting and lost.

The Board of Management seeks to ensure that the diverse range of services and activities provided by the Charity are represented by the broad skills of its members. Traditional business and criminal justice skills are well represented on the Board. Where new skills are identified as being of benefit to the Charity, the Charity uses open advertisements for Trustees, alongside approaching individuals to offer themselves for election by the Board where particular skills gaps are identified.

During the year, the Trustees have continued to ensure compliance with the Charity Governance Code for large charities that was adopted in 2020. We would like to put on record our thanks to each of the trustees who have served on the Board of Management this year.

Page 2

(A Company Limited by Guarantee)

LINCOLNSHIRE ACTION TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

c. Trustee induction and training

New Trustees receive an induction covering their obligations as a member of the Board, the main documents which set out the operational framework of the Charity including the Articles of Association, funding structure of the Charity and future plans and objectives.

Trustees also become familiar with the practical work of the Charity through meetings with operational managers and being involved with workshops, meetings and staff recruitment and selection activities. Each Trust has taken on a portfolio lead to further develop knowledge about particular areas of LAT’s operations. Trustees are kept up to date with activities through regular updates at each Board Meeting and presentation of documents such as the Strategic Plan.

d. Organisational structure

During the year, the Charity has had seven Trustees at any one time who are responsible for the strategic direction and policy of the Charity, including one who acts as Treasurer and Company Secretary.

The Senior Leadership Team comprises the Chief Executive, the Director of Operations, Head of Business Services, Head of Custody Services and Head of Community Services. The CEO, Director of Operations and Head of Business Services attend Board meetings but have no voting rights. The Chief Executive has delegated responsibility for running the organisation and ensuring that the Charity delivers the services specified and that key performance indicators are met. The Director of Operations is responsible to the Chief Executive for operational management and development and business development. The Heads of Service are responsible to the Director of Operations for supervision of middle managers, ensuring the staff team continue to adhere to good practice and act as designated safeguarding leads. The Head of Business Services is responsible to the Chief Executive for oversight of business support functions and governance support to the Board.

e. Pay Policy for senior staff

The pay of the senior staff is reviewed annually by the Board, in line with a review of pay for all staff, and normally increased in accordance with CPI. The Directors benchmark against other charities of a similar size and nature when undertaking a salary review.

All directors give their time freely and no director received renumeration in the year. Details of related party transactions are disclosed in note 24 to the accounts.

f. Wider network

Lincolnshire Action Trust is not part of a wider network.

g. Related parties

Lincolnshire Action Trust does not have any relationships with related parties.

Page 3

LINCOLNSHIRE ACTION TRUST (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

h. Risk management

The Trustees and management of the organisation review the major risks to which the Charity is exposed on a regular basis. We have strategic, corporate and service risk registers in place, which are reviewed regularly. Risks are assessed by probability and impact and we have identified actions to mitigate these. The Board, leadership team and management team regularly review challenges we encounter to identify lessons learnt.

The most significant external strategic risks identified are a failure to attract, recruit and retain an adequately skilled paid and volunteer workforce and a lack of business continuity including vulnerability of IT infrastructure, cyber security and information management. We have sought to mitigate the first of these risks during the year by strengthening HR reporting and developing staff feedback mechanisms. To mitigate the second of these risks we have achieved IASME accreditation and continued with regular staff training in this area.

Identified internal risks have been minimised, for example through commissioning a client management system and HR system. Documented policies are in place, with a review timetable covering key areas such as Information Security; Safeguarding; Equity, Diversity and Inclusion; Quality; Health and Safety; and Business Continuity. Procedures are in place for the authorisations of all transactions and to ensure consistent delivery of all operational aspects of the charitable company.

External accreditations allow validation of our systems and practice. We are pleased to have successfully achieved IASME Gold standard in July 2022 and received a successful mid-term assessment against Matrix standard for Information, Advice and Guidance.

Page 4

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

OBJECTIVES AND ACTIVITIES

a. Objectives and aims

The objectives of the Charity are as follows:

The charity identifies and develops provisions that will meet the identified needs of individuals involved in the criminal justice system, and their families, in an innovative and responsive manner. Our work continues to closely follow the National Reducing Re-offending Action Plan 'Pathways' which were identified by the National Offender Management Service (superseded by HMPPS, Her Majesty’s Prison and Probation Service) as the most significant risk factors to tackle in order to prevent recidivism and to protect the public. We therefore aim to be responsive to the needs identified among our client groups, working in partnership with other agencies in the statutory, private and voluntary sectors where appropriate, to reduce re offending in our local area.

b. Significant activities

As in previous years, Lincolnshire Action Trust has continued to develop services and interventions to meet the needs of the clients with whom we work during 2022-23. Our activity is diverse, and all has the purpose of supporting individuals involved in the criminal justice system to move away from crime by improving their skills, experience and aspirations, as well as supporting those affected by the criminal justice system. Our main activities over the last year have continued to focus on the following broad areas of delivery:

- Early Intervention

Support for individuals attending court and within their first 48 hours in prison continues to be a core activity. Our Criminal Justice Liaison and Diversion service, delivered in partnership with Lincolnshire NHS Partnership Trust, has LAT staff based in each of the four Lincolnshire Police custody suites to support vulnerable individuals at the point of arrest.

- Resettlement

Support for prisoners prior to, and at the point of release from, prison in order to overcome practical hurdles such as securing suitable housing, applying for benefits and reconnecting with family. Also support for men at HMP Morton Hall who will be deported to their country of birth at the end of their prison sentence.

Supporting individuals to move closer to employment due to the well-documented impact that sustainable employment can have on reducing re-offending, through the provision of intensive support covering IAG, advice about disclosure of convictions, career planning, development of employability skills, access to vocational training and learning opportunities.

Page 5

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

OBJECTIVES AND ACTIVITIES (continued)

- Wellbeing

Supporting individuals in the community to improve their personal wellbeing through interventions to address lifestyles and associates, family and significant others and emotional wellbeing.

Women Specific Support

Recruitment and training of volunteers, including individuals with lived experience, to enhance delivery of services.

The Board of Trustees confirm that in deciding what activities the Charity should pursue they have due regard to the guidance offered by the Charity Commission in relation to Public Benefit.

c. Volunteers

The Trustees are all volunteers and devote their time to attend Board meetings quarterly, as well as attending two development days each year and Board sub group meetings when required.

The charity also recruits and trains volunteer mentors, including peer mentors, to support clients with a range of aspects to complement the interventions delivered by staff.

Page 6

(A Company Limited by Guarantee)

LINCOLNSHIRE ACTION TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

OBJECTIVES AND ACTIVITIES

a. Objectives and activities

The activities undertaken over the last 12 months are as follows:

Early Intervention

The SPARC provision (Supporting People After Remand and Conviction) that LAT first introduced to HMP Lincoln in 2013 aims to identify and support the wellbeing needs and concerns of individuals at the point of arrival to HMP Lincoln and ongoing within the first days in custody. 2146 individuals have been supported by the SPARC team in the last year.

Delivery of the Lincolnshire Criminal Justice Liaison and Diversion service has continued throughout the year in partnership with Lincolnshire Partnership NHS Foundation Trust. LAT practitioners are located in each of the four Lincolnshire Police custody suites seven days a week to assess and support individuals identified as having a vulnerability at the point of arrest and have access to clinicians to support clients who require further intervention. The service supported 1298 individuals during the year.

Resettlement

Lincolnshire Action Trust has continued to deliver resettlement interventions at a number of prisons to fill gaps created by other commissioned services.

LAT first introduced the ‘Departure Lounge’ concept in 2015 to ensure men leaving HMP Lincoln are able to address issues such as housing, benefits, access to support agencies. The team continued to provide practical support such as a hot breakfast, charging mobile phones, directions for public transport, and clothing, as well as emotional support. During the year 1041 prisoners engaged with the service (97% of men released). Staff also engaged with 188 friends or family members to provide information and advice at the point of release. During the year, the Departure Lounge team has continued to support individuals with complex needs at HMP Lincoln, with engagement starting prior to release to assist with coordination of release plans, and then provision of intensive support on the morning of release to assist with effective engagement with community support services.

Specific support is now in place for men leaving HMP Lincoln who have a drug or alcohol dependency and who are likely to be released homeless. Our practitioner provides intensive casework interventions to secure appropriate housing and to support each individual to engage with treatment services when released. The project has supported 5 men since it started in March 2023.

Lincolnshire Action Trust has continued to deliver resettlement support at HMP Morton Hall. Interventions have continued to focus on the resettlement needs of the men, many of whom will be deported at the end of their sentence, to address issues relating to housing, education, belongings, debt and family. The team have continued to see every individual on arrival, during their sentence and at the point of release / deportation. 726 interventions have been delivered during the year.

Employability

Lincolnshire Action Trust has delivered employability interventions for individuals in the community who have a criminal conviction continually since 2001. Our current funding requires us to focus on individuals who are furthest from the labour market and we therefore work intensively with smaller numbers of people, the majority of whom we start to engage with whilst they are still in custody. In the last year, we have commenced support with 181 new individuals to reduce barriers and support progression towards employability. Of these, 148 have been supported to access at least one ‘support measure’ to address barriers such as substance misuse, debt, health and wellbeing, or mentoring. 76 have also achieved an accredited training course to enhance their employability. Much of our focus at the start of our support focuses on ‘soft outcomes’ including disclosure advice, interview skills training and, improved confidence when job searching, in order to progress individuals further towards employment.

Page 7

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Personal Wellbeing

Lincolnshire Action Trust has continued to successfully deliver the Commissioned Rehabilitative Service’s ‘Personal Wellbeing’ provision for adult males supervised by the National Probation Service in Lincolnshire. Interventions are delivered on a 1-1 and group basis covering topics related to lifestyles and associates; family and significant others; and emotional wellbeing. 284 individuals have been referred to the service during the year.

Children and Families

Lincolnshire Action Trust has continued to deliver interventions for the children and families of prisoners during the last year. We have supported 15,459 people during the year across six prisons.

The Young Oasis project supports children and young people who are affected by the substance use of a family member, usually a parent. Many individuals are involved in safeguarding, child in need and team around the child proceedings, and Young Oasis often provides the key trusted relationship with the young person. During the year, 80 new young people have engaged with Young Oasis across Lincolnshire.

In early 2023 we secured funding to develop a service for adult family members and others affected by the substance use of a loved one. Mobilisation of this countywide service took place in quarter 4, ready for the service to start in April 2023.

Women specific Support

Lincolnshire Action Trust continues to support the specific needs of women involved in the criminal justice system across Lincolnshire and North and North East Lincolnshire. The Commissioned Rehabilitative Service ‘Women’s Service’ accepts referrals for any woman supervised by the National Probation Service residing, or being released to Greater Lincolnshire. Women referred to the Service are offered both one to one and group support. 326 women have been supported during the year.

In early 2023, LAT was successful in securing a further core costs grant from the Ministry of Justice. This is to be used to continue to assist our development of trauma informed practice and to support organisations across the county to develop their services to meet the needs of women and girls.

A further MOJ interventions grant was secured in early 2023 to develop Lincolnshire’s first women’s centre model. Implementation of this project commenced in March and we aim to support our first clients in summer 2023.

Grants for Clients

The charity manages a number of grant streams on behalf of others for the benefit of clients. These are used for a variety of purposes including the purchase of tools or clothing for work; accommodation deposits; to obtain identification to open a bank account; to purchase essential furniture etc. In addition, a small fund is held on behalf of the Independent Monitoring Board of HMP Lincoln to support men on release. During the year, almost 400 small grants have been awarded.

Page 8

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

b. Financial review

Reserves Policy

The Charity carries out a number of short and medium term projects (usually between one year and three years in duration) and as such the Trustees have examined the requirements for the level of free reserves (i.e. unrestricted funds not invested in fixed assets, designated for other purposes or otherwise committed). This policy was last reviewed by the Board in October 2021. As the Charity supports many vulnerable clients, as well as employing staff, it has been decided that this should be maintained on a ‘funds at risk’ basis, at a level that allows adequate working capital for core costs and would cover contingency costs in the event of project funding ending unexpectedly. For the current year this is estimated to equate to £260,000. At the end of the year the balance of free reserves was £973,484 (compared to £985,837 at 31st March 2022).

The deficit in the current year has resulted in a lower than anticipated level of reserves, ahead of the 9 months operating costs agreed by Trustees. At the same Board meeting, the ongoing deployment of designated funds was agreed for the next 3 years, with initial priorities identified in relation to Departure Lounge activities and infrastructure resource.

Principal funding sources

The Charity is solely reliant on attracting funding from external bodies for all of its activities. During the year, grants were received and/or funding agreements were held with HM Prison and Probation Service, Ministry of Justice, European Social Fund, Lincolnshire County Council, Ormiston Families, Ingeus Ltd, The Forward Trust, Together Women, Lincolnshire Partnership NHS Foundation, PACT, and a number of small grant makers, all for service delivery. A small core costs grant was secured from the Ministry of Justice. The Trust continues to make efforts to broaden its funding base as much as possible to ensure long term sustainability for provision.

Investment policy and objectives

Under the Articles of Association, the Company has the power to make any investment which the Trustees see fit. The Charity had cash reserves on deposit with a number of banks. Interest rates are regularly reviewed to ensure returns on investments are maximised.

Lincolnshire Action Trust holds material cash resources in short term liquid investments.

Going concern

Lincolnshire Action Trust remains in a sound financial position. 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.

Page 9

LINCOLNSHIRE ACTION TRUST (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

FUTURE DEVELOPMENTS

The Trust’s five-year strategy runs from 2021 to 2026 and is ambitious and reflects the innovative and aspirational approach that has become synonymous with the name ‘Lincolnshire Action Trust’. The Trust plans to continue many of the activities outlined above in forthcoming years, subject to ongoing funding arrangements. In addition, as new needs are identified, the Trust will assess the relevance and suitability of sourcing funding to broaden its provision and geographical base, whilst continuing to meet the overall aims of the Charity. It is planned that designated funds will be used to develop new areas of business balancing the need for positive social impact and financial sustainability.

The charity plans to continue to work with strategic partners to identify gaps and delivery responses across the criminal justice spectrum. The charity will also continue to focus on ensuring existing contracts deliver their required outcomes to satisfy funder expectations, as well as to transform the lives of the clients we work with.

In the next 12 months, focus will be placed on further developing internal processes and structures to ensure the charity is equipped to identify and maximise future opportunities.

The charity is committed to continuing to actively identify and manage risks that threaten activities through corporate and service risk registers.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) 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).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they 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 Trustees are required to:

The Trustees 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 Companies Act 2006. 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.

Page 10

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

Auditors

The auditors, Streets Audit LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees on 24 July 2023 and signed on their behalf by:

Joanne Lesley Mead (Chair of Trustees)

Page 11

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LINCOLNSHIRE ACTION TRUST

Opinion

We have audited the financial statements of Lincolnshire Action Trust (the 'charity') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 12

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LINCOLNSHIRE ACTION TRUST (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible 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 information is materially inconsistent with 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.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Page 13

(A Company Limited by Guarantee)

LINCOLNSHIRE ACTION TRUST

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LINCOLNSHIRE ACTION TRUST (CONTINUED)

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being 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 statements that are free from material misstatement, whether due 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 liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 14

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LINCOLNSHIRE ACTION TRUST (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

• we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the company and sector in which it operates;

• we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including Company and Charity legislation, taxation legislation, and general data protection, employment, and health and safety legislation;

• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

• identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

Page 15

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF LINCOLNSHIRE ACTION TRUST (CONTINUED)

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the 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 state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Linda Lord (Senior Statutory Auditor)

for and on behalf of Streets Audit LLP

Chartered Accountants & Statutory Auditor

Tower House

Lucy Tower Street

Lincoln

LN1 1XW

5 October 2023

Page 16

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net (expenditure)/income
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
20,645
1,637,851
11,092
1,669,588
1,743,258
1,743,258
(73,670)
(1,466)
(75,136)
1,412,053
(75,136)
1,336,917		 Restricted
funds
2023
£
5,305
28,045
-
33,350
84,321
84,321
(50,971)
1,466
(49,505)
116,529
(49,505)
67,024		 Total
funds
2023
£
25,950
1,665,896
11,092
1,702,938
1,827,579
1,827,579
(124,641)
-
(124,641)
1,528,582
(124,641)
1,403,941		 Total
funds
2022
£
82,649
1,752,705
7,126
1,842,480
1,456,931
1,456,931
385,549
-
385,549
1,143,033
385,549
1,528,582

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 21 to 37 form part of these financial statements.

Page 17

LINCOLNSHIRE ACTION TRUST (A Company Limited by Guarantee) REGISTERED NUMBER: 04108372

BALANCE SHEET AS AT 31 MARCH 2023

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Investments
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
16
Unrestricted funds
16
Total funds		 166,272
812,183
505,658
1,484,113
(104,464)		 2023
£
24,292
24,292
1,379,649
1,403,941
1,403,941
1,403,941
67,024
1,336,917
1,403,941		 121,198
805,574
678,227
1,604,999
(101,806)		 2022
£
25,389
25,389
1,503,193
1,528,582
1,528,582
1,528,582
116,529
1,412,053
1,528,582

Page 18

LINCOLNSHIRE ACTION TRUST (A Company Limited by Guarantee) REGISTERED NUMBER: 04108372

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 24 July 2023 and signed on their behalf by:

Joanne Lesley Mead

(Chair of Trustees)

The notes on pages 21 to 37 form part of these financial statements.

Page 19

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Net cash invested during the year
Net cash used in investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 21 to 37 form part of these financial statements		 2023
£
(166,657)
11,092
(10,395)
(6,609)
(5,912)
-
(172,569)
678,227
505,658		 2022
£
436,728
7,126
(17,224)
(79,229)
(89,327)
-
347,401
330,826
678,227

Page 20

LINCOLNSHIRE ACTION TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. General information

As set out in the Trustee's report, Lincolnshire Action Trust is an incorporated charity limited by guarantee and registered in England and Wales. The principal office of the charity is Lincoln House, 37-39 Newland, Lincoln, Lincolnshire, LN1 1YA.

The principal activity of the charity is to provide care, resettlement and rehabilitation of individuals involved in the criminal justice system, those at risk of offending and their families/dependants primarily but not exclusively in the county of Lincolnshire.

2. Accounting policies

2.1 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Lincolnshire Action Trust 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.

The financial statements are prepared in sterling, which is the functional currency of the charity.

2.2 Going Concern

The Trustees do not believe that there are any material uncertainties about the Charity's ability to continue. The Charity has significant cash reserves and the Trustees are confident that sufficient funding streams are available to the Charity. The financial statements have therefore been prepared on the going concern basis.

2.3 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.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

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.

Page 21

LINCOLNSHIRE ACTION TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.4 Expenditure

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.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Financial Activities as the related expenditure is incurred.

2.6 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 institution with whom the funds are deposited.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

At each reporting date the Charity assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Office equipment - 20% Straight Line
Computer equipment - 33% Straight Line

Page 22

LINCOLNSHIRE ACTION TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.8 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.

2.9 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.

2.10 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.

2.11 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.12 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.

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.

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.

Investment income, gains and losses are allocated to the appropriate fund.

Page 23

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

3. Income from donations and legacies

Unrestricted
funds
2023
£
Donations
20,645
Government grants
-
Total 2023
20,645
Total 2022
71,082		 Restricted
funds
2023
£
5,305
-
5,305
11,567		 Total
funds
2023
£
25,950
-
25,950
82,649		 Total
funds
2022
£
81,590
1,059
82,649

Government grants relate entirely to funds received in respect of the coronarvirus job retention scheme.

4. Income from charitable activities

Unrestricted
funds
2023
£
Grants and contract income
1,637,851
Total 2022
1,551,369		 Restricted
funds
2023
£
28,045
201,336		 Total
funds
2023
£
1,665,896
1,752,705		 Total
funds
2022
£
1,752,705

5. Investment income

Unrestricted
funds
2023
£
Bank Interest
11,092
Total 2022
7,126		 Total
funds
2023
£
11,092
7,126		 Total
funds
2022
£
7,126

Page 24

(A Company Limited by Guarantee)

LINCOLNSHIRE ACTION TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

6. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2023
£
Care, resettlement and rehabilitation of
individuals involved with the criminal justice
system
1,743,258
Total 2022
1,361,558
Analysis of expenditure by activities
Activities
undertaken
directly
2023
£
Care, resettlement and rehabilitation of
individuals involved with the criminal justice
system
1,790,255
Total 2022
1,425,486		 Restricted
funds
2023
£
84,321
95,373
Support
costs
2023
£
37,324
31,445		 Total
2023
£
1,827,579
1,456,931
Total
funds
2023
£
1,827,579
1,456,931		 Total
2022
£
1,456,931
Total
funds
2022
£
1,456,931

7. Analysis of expenditure by activities

Page 25

(A Company Limited by Guarantee)

LINCOLNSHIRE ACTION TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Depreciation
Occupancy costs
Office running costs
Other costs
Marketing costs
Travel expenses
Direct client expenses
Other staff costs
Legal costs
Catering expenses
Total 2023
Total 2022		 Project
costs
2023
£
1,534,015
5,202
51,708
88,445
21,423
5,616
35,484
16,719
20,771
8,337
2,535
1,790,255
1,425,486		 Total
funds
2023
£
1,534,015
5,202
51,708
88,445
21,423
5,616
35,484
16,719
20,771
8,337
2,535
1,790,255
1,425,486		 Total
funds
2022
£
1,218,326
3,734
50,466
38,161
20,267
6,831
34,073
19,236
23,111
9,231
2,050
1,425,486

Page 26

(A Company Limited by Guarantee)

LINCOLNSHIRE ACTION TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation
Occupancy costs
Office runnning costs
Other costs
Training and travel expenses
Governance costs
Legal costs
Accountancy fees
Bank charges
Total 2023
Total 2022		 Core costs
2023
£
419
6,290
2,184
1,354
3,654
599
6,560
15,861
33
370
37,324
31,445		 Total
funds
2023
£
419
6,290
2,184
1,354
3,654
599
6,560
15,861
33
370
37,324
31,445		 Total
funds
2022
£
2,122
5,392
7,729
5,767
2,294
911
6,514
390
-
326
31,445

8. Auditors' remuneration

The auditors' remuneration amounts to an auditor fee of £4,000 ( 2022 - £3,750 ).

9. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2023
£
1,348,321
111,532
74,581
1,534,434		 2022
£
1,086,425
75,424
58,599
1,220,448

Page 27

LINCOLNSHIRE ACTION TRUST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

9. Staff costs (continued)

The average number of persons employed by the Charity during the year was as follows:

Managers
Practitioners
Administrators		 2023
No.
15
45
5
65		 2022
No.
12
31
4
47

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2023 2022
No. No.
In the band £60,001 - £70,000 - 1
In the band £70,001 - £80,000 1 -

Total remuneration paid to the 5 Senior managers (2022: 2) during the year included salaries totalling £184,238 (2022: £112,632), social security totalling £21,302 (2022: £13,102) and pension contributions totalling £13,149 (2022: £11,413). Benefit was also received in the form of a car totalling £5,344 (2022: £8,299).

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the year ended 31 March 2023, expenses totalling £ NIL were reimbursed or paid directly to Trustees (2022 - £50 to 1 Trustees). Expenses consisted entirely of travel expenses which were reimbursed to the Trustee.

11. Tangible fixed assets

Cost or valuation
At 1 April 2022
Additions
At 31 March 2023		 Office
equipment
£
51,793
6,950
58,743		 Computer
equipment
£
34,901
3,445
38,346		 Total
£
86,694
10,395
97,089

Page 28

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

11. Tangible fixed assets (continued)

Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
12.
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
13.
Current asset investments
Short term cash deposits		 Office
equipment
£
37,857
6,290
44,147
14,596
13,936		 Computer
equipment
£
23,448
5,202
28,650
9,696
11,453
2023
£
151,866
5,044
9,362
166,272
2023
£
812,183		 Total
£
61,305
11,492
72,797
24,292
25,389
2022
£
104,891
6,552
9,755
121,198
2022
£
805,574

Page 29

(A Company Limited by Guarantee)

LINCOLNSHIRE ACTION TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. Financial instruments

2023 2022
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 1,317,841 1,483,801

Page 30

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

15. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2023
£
23,284
69,022
8,336
3,822
104,464		 2022
£
10,487
69,112
18,338
3,869
101,806

Page 31

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

16. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Designated Funds
General funds
General Funds
Total Unrestricted funds
Restricted funds
Departure Lounge
Lincolnshire Discharged
Prisoners Welfare Fund
MOJ Womens Service
Young Oasis
Adult Oasis
HMP Lincoln PCC Grant
Total of funds		 Balance at 1
April 2022
£
400,827
1,011,226
1,412,053
(3,556)
1,042
-
119,043
-
-
116,529
1,528,582		 Income
£
1,502
1,668,086
1,669,588
4,305
1,000
9,863
-
13,182
5,000
33,350
1,702,938		 Expenditure
£
(63,188)
(1,680,070)
(1,743,258)
(512)
(2,938)
(10,691)
(52,817)
(12,363)
(5,000)
(84,321)
(1,827,579)		 Transfers
in/out
£
-
(1,466)
(1,466)
-
1,466
-
-
-
-
1,466
-		 Balance at
31 March
2023
£
339,141
997,776
1,336,917
237
570
(828)
66,226
819
-
67,024
1,403,941

Page 32

(A Company Limited by Guarantee)

LINCOLNSHIRE ACTION TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

16. Statement of funds (continued)

Unrestricted funds:

General Funds

General Funds are those funds not designated towards any project in particular and can be used towards any of the Charity's objectives. Transfers have been made from the Unrestricted funds to Restricted funds for the purpose of relieving the overspent projects. Other deficit Restricted funds relate to funding timing differences.

Designated Funds

The designated funds relate to specific projects which would not be possible unless the Charity funded them themselves through accumulated reserves. The designated funds also includes amounts for contingency purposes as well as to cover costs in the event of winding up.

Restricted funds

Departure Lounge

Grants were received to support the 'departure lounge' facility available to prisoners released from HMP Lincoln.

Lincolnshire Discharged Prisoners Welfare Fund

Grants were received to assist with the resettlement of prisoners released from HMP Lincoln.

MOJ Womens Service

Funding has been provided to sustain and improve existing quality support to women in contact with or at risk of encountering the criminal justice system.

Young Oasis

Funding has been recieved to support the Young Oasis Project. Young Oasis provides support to children and young people in Lincolnshire who are affected by the substance use of a family member, usually a parent.

Adult Oasis

Funding has been recieved to support the Adult Oasis Project. Young Oasis provides support to adults in Lincolnshire who are affected by the substance use of a family member.

HMP Lincoln PCC Grant

Funding received to be used on the purchase of equipment and refurbishment costs within HMP Lincoln to provide learners with facilities to acquire industry standard work.

Page 33

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

16. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Designated Funds
General funds
General Funds
Total Unrestricted funds
Restricted funds
Departure Lounge
Lincolnshire Economic Action
Partnership
Lincolnshire Discharged
Prisoners Welfare Fund
MOJ Womens Service
Young Oasis
Total of funds		 Balance at
1 April 2021
£
400,827
744,211
1,145,038
-
(155)
(1,701)
(149)
-
(2,005)
1,143,033		 Income
£
-
1,629,577
1,629,577
5,067
-
6,500
48,000
153,336
212,903
1,842,480		 Expenditure
£
-
(1,361,558)
(1,361,558)
(8,623)
-
(3,757)
(48,700)
(34,293)
(95,373)
(1,456,931)		 Transfers
in/out
£
-
(1,004)
(1,004)
-
155
-
849
-
1,004
-		 Balance at
31 March
2022
£
400,827
1,011,226
1,412,053
(3,556)
-
1,042
-
119,043
116,529
1,528,582

Page 34

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

17. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Balance at 1
April 2022
£
400,827
1,011,226
116,529
1,528,582
Balance at
1 April 2021
£
400,827
744,211
(2,005)
1,143,033		 Income
£
1,502
1,668,086
33,350
1,702,938
Income
£
-
1,629,577
212,903
1,842,480		 Expenditure
£
(63,188)
(1,680,070)
(84,321)
(1,827,579)
Expenditure
£
-
(1,361,558)
(95,373)
(1,456,931)		 Transfers
in/out
£
-
(1,466)
1,466
-
Transfers
in/out
£
-
(1,004)
1,004
-		 Balance at
31 March
2023
£
339,141
997,776
67,024
1,403,941
Balance at
31 March
2022
£
400,827
1,011,226
116,529
1,528,582
Summary of funds - prior year
Designated funds
General funds
Restricted funds

18. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
24,292
Current assets
1,444,125
Creditors due within one year
(104,464)
Difference
(27,036)
Total
1,336,917		 Restricted
funds
2023
£
-
39,988
-
27,036
67,024		 Total
funds
2023
£
24,292
1,484,113
(104,464)
-
1,403,941

Page 35

(A Company Limited by Guarantee)

LINCOLNSHIRE ACTION TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

18. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
£
25,389
1,483,910
(97,246)
1,412,053		 Restricted
funds
2022
£
-
121,089
(4,560)
116,529		 Total
funds
2022
£
25,389
1,604,999
(101,806)
1,528,582

19. Reconciliation of net movement in funds to net cash flow from operating activities

20.

Net income/expenditure for the year (as per Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents		 2023
£
(124,641)
11,492
(11,092)
(45,658)
3,242
(166,657)
2023
£
505,658
505,658		 2022
£
385,549
9,126
(7,126)
54,252
(5,073)
436,728
2022
£
678,227
678,227

Page 36

LINCOLNSHIRE ACTION TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

21. Analysis of changes in net debt

Cash at bank and in hand
Liquid investments		 At 1 April
2022
£
678,227
805,574
1,483,801		 Cash flows
£
(172,569)
6,609
(165,960)		 At 31 March
2023
£
505,658
812,183
1,317,841

22. Pension commitments

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £74,581 (2022 - £58,599). Contributions totalling £Nil (2022 - £6,398) were payable to the fund at the balance sheet date.

23. Operating lease commitments

At 31 March 2023 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2023
£
19,125
3,376
22,501		 2022
£
22,500
18,000
40,500

24. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2023.

Page 37