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← Lamb Health

2024-12-31-accounts

LAMB Health 2024 Annual Report and Accounts

Enabling healthcare, bringing hope

Report and Accounts for the year ended 31[st] December 2024

In 2024 LAMB Health was able to meet 96% of LAMB's Poor Fund costs

Contents Page Trustees’ Annual Report 2 -7 Legal and Administrative details 8 Statement of trustees responsibilities 9 Auditor’s report 10 - 13 Accounts 14 - 24

LAMB Health 2024 Annual Report and Accounts

LAMB Health Chair's Statement, 2024

It gives me great pleasure to look back over the last year and to praise God for his rich blessing as we work to serve Him in our support of LAMB in north Bangladesh.

Most important is the faithful support of everyone that has walked through this year with us. Without the trustees and our donors, as well as our prayer supporters, nothing would have been possible, and somehow we have managed to raise the money to support 96% of the hospital Poor Fund. We must not forget to thank the three social workers, (Gita, Paulina

then recommending who should receive help. Grants in 2024 to LAMB have totalled £133,590 (£125,000 for the Poor Fund & £8,590 for Community Disability programme).

received grants in2023; from the Kirby Laing Trust for the renewing and upgrading of underground electrical cable around the hospital compound, and from the Southall Trust for the moving and upgrading of the rubbish incinerator. December we participated for the first time in the UK’s BIG Give, and to our delight reached our target on the very first day, doubling donations given for Rupantor, the gardening

In October we had our annual day with supporters in Reading, brought alive by the presence of two of LAMB’s workers who were on furlough and were able to tell moving stories about individual lives touched by the hospital and the school.

We are very pleased to share that we have been joined this year by a new trustee by Dr Christopher Roy, a surgeon in Plymouth who grew up at LAMB and worked there for many years before marrying Holly, also a consultant in Plymouth. They have 3 lovely children, and we look forward to working with Christopher as one of our team.

th anniversary of the LAMB

project. We have so much to thank God for!

2

LAMB Health 2024 Annual Report and Accounts

Objectives LAMB Health supports the work of LAMB Project which is based in Parbatipur in

(1) the relief of poverty, sickness and disability;

(2)

(3)

2024 Achievements

The Poor Fund enables LAMB to subsidise the treatment and care of the poorest

the hospital social work team. Thanks to our generous supporters and a good exchange rate, we were able to send £115,000 to LAMB for the Poor Fund .

This was 96 % of the Poor Fund budget (2023: 86%). A grant of £10,000 was also made towards LAMB’s management costs.

As a result, LAMB was able to fund or partfund the care for 2,932

3,850 total) at an average of £35 per patient, and outpatients (7% of total) at an average of £3. outcomes for 6,782 This people provided , primarily poor better health women and children. Extremely poor pregnant women received a ‘pass card’ enabling them to have free deliveries and all antenatal and postnatal care. This has been amazing for the 140 inpatients and 829 who received cards in 2024.

those who cannot afford to pay the fees charged by LAMB is subsidised through the Poor Fund.

3

LAMB Health 2024 Annual Report and Accounts

We also celebrate the ways LAMB Health trustees have directly supported the work of LAMB. Chris Edwards

spent 4 weeks at LAMB aiding the Fistula

Programme . Over the year, 116 women had repair

and allowed them to enjoy more normal lives again.

The and Rehabilitation Project provides medical advice . . support and assistive devices for disabled children and adults. This year 2,214 children and their families received help from the Rehabilitation Centre and 698 children and their families received help from the Rehabilitation Community Clinics. LAMB Health contributed £8,590 to this work in the year

the quarterly newsletter, and approximately 80 the email updates and prayer information. Our

We ran a successful supporters day in Reading in October, with some people also joining us online. We were privileged to have LAMB’s medical director Dr. Antje Oosterkamp and the

to have 5 churches which support us both through prayer and regular giving. We are keen to connect with local churches and work with them in their understanding of and involvement in inter-cultural mission.

Challenges for 2025

LAMB Health trustees do not take for granted the generosity of our supporters, and we are

Wisdom will be needed in considering how the large legacy received in 2024 will be used.

Our appeal for the Rehab Community Clinics raised £8,590 to help keep the clinics running. 2,912 children and their families received support for disabled children and adults through

2025, and we will consider what level of support we are able to provide in 2025.

4

LAMB Health 2024 Annual Report and Accounts

Governance and Decision Making

Trustees serving in 2024

Mr John Ayrton Re-appointed February 2022 Dr Christine Edwards OBE Re-appointed March 2021 Dr Judith Hansford (Secretary) Re-appointed April 2023 Mr Mike Mitchell Re-appointed February 2024 Dr. Christopher Rinku Appointed April 2024 Mr Richard Todd (Treasurer) Re-appointed March 2021

Appointment of Trustees Trustees are appointed for a

experience of life in Bangladesh, and all are in sympathy with the spiritual dimension of LAMB’s

Policy review The Charity's policies are reviewed and updated regularly.

Risk management The Trustees keep the risks faced by the Charity under review. A primary

country.

received directly to the bank accounts, and grants being paid through approved financial

Safeguarding

annually. We have discussed with LAMB the standards that we expect to be followed and are aware LAMB has robust procedures in place. During the year LAMB’s board completed a review of its Safeguarding Policy, which was then updated.

5

LAMB Health 2024 Annual Report and Accounts

How Lamb Health Works

Volunteers The charity relies on volunteers - all trustees are volunteers, and LAMB Health has no paid workers.

volunteers have provided support through involvement in the Fistula programme and work

We recognise the importance of social media in publicising our work, and Christa Schout, our

help of Adam Dickens from ‘Taking Pictures, Changing Lives’.

Finance

Due to the increased level of income in 2024

t he annual report and accounts have been prepared in accordance with the Charities SORP. This seeks to help people understand what the charity is set up to do, the resources available

Financial Responsibilities The trustees are responsible for the preparation of the financial

Trustees are also responsible

Reserves Policy The principal activity of the Charity is to use restricted income to make

grants, without undue delay. It is the policy of the Trustees not to maintain restricted reserves other than sums held to meet anticipated grant requirements and a modest reserve against an unexpected decline in income. The significant legacy is held as a designated fund which will be used over the next few years.

6

LAMB Health 2024 Annual Report and Accounts

Highlights Total income for the year was £1,143,094 (2023: £162,076) . Most of the increase in income was due to a large legacy of £995,462 received from the estate of a longstanding

next few years Total expenditure in 2024 was £142,154 (2023: £158,293).

As a result of the large legacy received net assets at the end of 2024 were £1,030,756 (2023: £29,816). Of this total, £998,325 is designated and £12,422 is restricted, with the remaining £20,009 relating to general funds. The legacy funds are held in interest bearing

accounts.

LAMB Health Finances at a Glance These charts show income, excluding grants, and grants to LAMB over the past five years. Regular income meets over half the needs of the Poor Fund.

In 2024 LAMB Health met 96% of LAMB’s Poor Fund expenditure.

There are 88 people who give regularly to LAMB Health. Their regular income meets over half the needs of the Poor Fund.

7

LAMB Health 2024 Annual Report and Accounts

Charity name. LAMB Health. Registered Charity Number: 1101217

Registered Address. 56a St. Peter’s Road, Reading, RG6 1PH Governing document . Trust Deed dated 20[th] September 2022. Email. enquiries@lambhealth.org.uk Website. www.lambhealth.org.uk

Auditor. Knight Goodhead Limited 7 Bournemouth Road, Chandler’s Ford Eastleigh SO53 3DA

Banker.

PO Box 250 Delf House Skelmersdale WN8 6NY

response to the support given through the 2024 Big Give Christmas appeal.

8

LAMB Health 2024 Annual Report and Accounts

Statement of Trustees Responsibili�es

accordance with applicable law and the United Kingdom Generally Accepted Accoun�ng Prac�se (UK GAAP).

which give a true and fair view of the state of affairs of the charity at the end of the year and of the surplus or deficiency for the year then ended.

The Trustees are responsible for keeping proper accoun�ng records which disclose with reasonable accuracy at any �me the financial posi�on of the charity and to enable them to ensure that the financial statements comply with the Chari�es Act 2011. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preven�on and detec�on of fraud and other irregulari�es.

This report was approved by the Trustees on 29 April 2025 and signed on their behalf by:

Dr. Judith Hansford, Secretary

9

LAMB Health

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF LAMB HEALTH

Opinion

We have audited the financial statements of LAMB Health (the Charity), for the year ended 31 December 2024, which comprise the Statement of Financial Activities, the Balance Sheet, the Cash flow Statement and notes to the financial statements, 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 of 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 Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’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 Charity’s ability to continue as a going concern for a period of at least 12 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.

Other matters

In the previous accounting period the trustees of the charity took advantage of audit exemption under s144 of the Charities Act 2011. Therefore, the prior period financial statements were not subject to audit.

10

LAMB Health

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF LAMB HEALTH (continued)

Other information

The other information comprises the information included in the annual report, including the trustees' report, other than the financial statements and our auditor’s report thereon. 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 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.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement, the trustees 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 they 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 Charity’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 Charity or to cease operations, or have no realistic alternative but to do so.

11

LAMB Health

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF LAMB HEALTH (continued)

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under Section 144 Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 auditor’s 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:

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 assessed the susceptibility of the Charity’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 performed analytical procedures to identify any unusual or unexpected relationships, tested journal entries to identify unusual transactions and investigated the rationale behind significant or unusual transactions.

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

12

LAMB Health

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF LAMB HEALTH (continued)

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 trustees 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:

https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Knight Goodhead Limited is eligible for appointment as auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Use of our report

This report is made solely to the Charity’s trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

CJ GOODHEAD FCA Dated: 1 May 2025

Senior Statutory Auditor Knight Goodhead Limited Chartered Accountants and Statutory Auditors

7 Bournemouth Road, Chandler's Ford, Eastleigh, Hampshire, SO53 3DA

13

LAMB Health

Statement of Financial Activities for the year ended 31 December 2024

Note
Income
Voluntary Receipts
Donations 4.1
Legacies 4.2
Grants 4.3
Interest on Bank Deposits
Bank interest
Total Income
Expenditure in respect of the
Charity’s objectives
Raising funds:
Website, publicity & events
Charitable activities:
Grants made 5
Grant transmission fees
Expenditure on behalf of
LAMB: medical equipment
Other: Governance costs 6
Total Expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Total funds brought forward10
Total funds carried forward10		 RESTATED
Unrestricted
funds
£
Restricted
funds
£
Designated
Funds
£
Total
2024
£
Total
2023
£
,
116,688
500
-
-
654
15,492
-
3,415
-
-
-
995,462
-
10,883
-
132,180
995,962
3,415
10,883
654
153,713
-
8,000
-
363
117,842
18,907
1,006,345
1,143,094
162,076
605
125,000
100
449
-
8,590
-
915
-
-
-
-
605
133,590
100
1,364
446
156,573
132
242
975
-
5,520
6,495
900
127,129
9,505
5,520
142,154
158,293
( 9,287)
9,402
1,000,825
1,000,940_3,783_
-
2,500
(2,500)
-
-
(9,287)
11,902
998,325
1,000,940_3,783_
29,296
520
-
29,816
26,033
20,009
12,422
998,325
1,030,756
29,816

14

LAMB Health

Balance Sheet at 31 December 2024

Note
Bank and cash balances
Bank Deposits

Cash at bank


Other assets and liabilities
Assets
Gift Aid tax recovery not yet received
Grant Receivable
Interest receivable
Total debtors

Liabilities
Independent Examination & accountancy
Audit Fee
Total creditors

Net Current Assets
Net Assets
Funds
Restricted funds
8
Unrestricted funds
General funds
9
Designated funds
9
Total funds
 RESTATED
Total
2024
£
Total
2023
£
982,956
-
38,848
26,732
1,021,804
26,732
4,861
3,822
2,500
-
8,071
162
15,432
3,984
( 960 )
( 5,520)
( 900)
-
(6,480)
( 900)
8,952
3,084
1,030,756
29,816
12,422
520
20,009
29,296
998,325
-
1,030,756
29,816

The accounts on pages 14 to 24 were approved by the Trustees on 29 April 2025 and were signed on their behalf by:

Rosemary Croft Chair

15

LAMB Health

CASH FLOW STATEMENT for the year ended 31 December 2024

Net Cashflow from operating activities
Investing activities
Interest received
Net Cashflow
Cash at start of year
Cash at end of year
Increase (decrease) in cash in year
Reconciliation of net movement in funds to net
cashflow
Net movement in funds in the year
Interest earned
(Increase) decrease in debtors
Increase (decrease) in creditors
Net cashflow from operating activities
Analysis of cash and cash deposits
Bank deposits
Cash at bank
Total		 RESTATED
2024
2023
£
£
991,444
3,484
-
-
3,628
201
995,072
3,685
26,732
23,047
1,021,804
26,732
995,072
3,685
1,000,940
3,783
( 11,537)
( 363)
( 3,539)
122
5,580
( 58)
991,444
3,484
982,956
-
38,848
26,732
1,021,804
26,732

16

LAMB Health

Notes to the financial statements for the year to 31 December 2024

1 Charity Information

LAMB Health is a charity registered in England and Wales with the registered charity number 1101217. It was established in 2003 and is registered and domiciled in England at the address of 56a St Peter’s Road, Reading, RG6 1PH.

2 Basis of Preparation

The financial statements have been prepared in accordance with applicable accounting standards and the Charities Act 2011. These financial statements for the year-ended 31 December 2024 are the first financial statements of LAMB Health that comply with Accounting and Reporting by Charities: the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 (second edition – October 2019). The date of transition was 1 January 2023. The prior year financial statements were prepared on the Receipts and Payments basis as income was below £250,000.

The transition to FRS 102 has resulted in a small number of changes in accounting policies compared to those used previously. Note 11 to the financial statements describes the effect the transition has had on opening funds and surplus for the comparative period.

The charity meets the definition of the 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 note.

The accounts have been prepared on the going concern basis. There are no material uncertainties about the charities ability to continue.

Income

Donations and income tax recoverable are recognised when received.

Grants and Legacies are recognised when the charity is notified of its legal entitlement and the amount due.

Interest is accounted for as it accrues.

Expenditure

Grants are recognised when approved and paid.

Expenses are recognised when the liability is incurred.

3 Fund Accounting

Unrestricted funds are monies which can be used in accordance with the charitable objectives at the Trustees’ discretion.

17

LAMB Health

Notes to the financial statements for the year to 31 December 2024 (continued)

Donations, related tax recoveries, and grants to be applied for the benefit of LAMB are unrestricted.

Grants or donations earmarked by the donor for specific purposes for the benefit of LAMB are held within the restricted fund.

The major legacy received is held as a separate designated fund to provide a clear distinction from other reserves.

4 Donations, Legacies and Grants

4.1 Donations

Donations
Voluntary income
Individual donations
Tax refunds on donations
Churches
Charities		 Unrestricted
£
Restricted
£
2024
£
94,876
12,537
107,413
15,462
1,154
16,616
5,850
500
6,350
500
1,301
1,801
116,688
15,492
132,180

Supporting churches were Ark Church, Holy Trinity Hazlemere, St James Woodley, St John’s Reading, and St Stephen’s Ealing.

Charities donating were Mullers for children with disability, and Reekie Trust.

Comparative figures were as follows:


Voluntary income
Individual donations
Tax refunds on donations
Churches
Charities		 Restated
Unrestricted
£
Restricted
£
2023
£
92,735
32,469
125,204
17,082
238
17,320
8,800
-
8,800
1,204
1,185
2,389
119,821
33,892
153,713

4.2 Legacies

One legacy in the year amounted to £995,462, with another of £500. The legacies include no conditions for the use of the money other than for the support of the work of LAMB. The large legacy will be used for developments for the benefit of LAMB over the next few years, and funds will be retained by the Charity as a designated fund until required by LAMB.

18

LAMB Health

Notes to the financial statements for the year to 31 December 2024 (continued)

4.3 Grants

Grants were received for £2,500 from The Big Give for disability work, and £915 from World Mission Prayer League for medical equipment purchased for LAMB.

5 Analysis of Payments - Grants

ayments - Grants


General note 5.1
ACT note 5.2		 2024_2023_
£
£
133,590
140,373
-
16,200
133,590
156,573

5.1 Grants to LAMB, excluding Projects

These grants were made to LAMB Project by the charity to support the following work:

Poor Fund
Poor Fund management
Community disability
Infrastructure
Medical equipment
Total General Grants to LAMB
Total Grants received by LAMB in taka
Average exchange rate £1 = Taka		 2024_2023_
£
£
115,000
105,000
10,000
10,000
8,590
5,000
-
8,000
-
12,373
133,590
140,373
19,735,250
20,799,645
147.73
132.84

5.2 Grants to LAMB for ACT Project

The ACT project, had the goal of improved mental health, psycho-social well-being and sexual and reproductive health among adolescents in the selected areas of Nawabganj.

A grant from Stewardship of £250,000 in 2019 was used to fund the Adolescent & Community Transformation Project for three years from 2020 to 2022. Subsequently, designated donations were allocated for the support of limited activities into a fourth year. Subsequent to the payment of the final grant of £16,200 in 2023 the project closed at the end of 2023.

19

LAMB Health

Notes to the financial statements for the year to 31 December 2024 (continued)

6 Governance Costs

Examiner’s fee & accountancy
Audit fee
Accounting software		 Restated
Unrestricted
£
Designated
£
Restricted
£
2024
£
2023
£
960
-
-
960
900
-
5,520
-
5,520
-
15
-
-
15
-
975
5,520
-
6,495
900

Included within governance cost is £5,520 payable to the auditors for audit services and £960 for accountancy services provided.

7 Declarations on certain matters

7.1 The charity has no paid employees.

7.2 Except for donations by Trustees and reimbursement of expenses, there were no transactions with Trustees or related parties.

7.3 Aggregate donations to the Charity by Trustees amounted to £15,620 (2023 - £14,320)

7.4 All payment or reimbursement of expenses made to any Trustee or to third parties for expenses incurred by any Trustee, were solely in respect of the charity’s activities.

7.5 A trustee was joint administrator of the estate which provided the legacy of £995,462.

8 Restricted Funds

Restricted funds comprise donations and grants for a specific purpose at LAMB, such as medical equipment, supporting those with disabilities and community projects.

Restricted funds:

Donated for specific use at LAMB Restated
2024
2023
£
£
12,422
520
12,422
520

20

LAMB Health

Notes to the financial statements for the year to 31 December 2024 (continued)

Movements on restricted funds are as follows:

Restricted funds
Donations for specific use at
LAMB
Total restricted funds		 At 1
January
2024
Income
Expenditure
Transfers
At 31
December
2024
£
£
£
£
£
520
18,907
(9,505)
2,500
12,422
520
18,907
(9,505)
2,500
12,422

The transfer into restricted funds relates to a receipt, from the legacy held as a designated fund, towards the matched funding programme under The Big Give which is restricted for community disability work at LAMB.

Comparative movements on restricted funds are as follows:

Restricted funds
Donated for specific use at
LAMB
Total restricted funds		 At 1
January
2023
Income
Expenditure
Transfers
At 31
December
2023
£
£
£
£
£
200
41,892
(41,572)
-
520
200
41,892
(41,572)
-
520

9 Unrestricted Funds

Unrestricted funds comprise all donations and grants given to be applied for the benefit of LAMB, either by grants to LAMB or incurring expenditure on behalf of LAMB.

The General Fund meets the ongoing expenses of the charity, excluding those borne by designated funds.

General Fund expenses are covered by donations from trustees.

A designated fund has been established in the year to ringfence the legacy received while the trustees consider how best to utilise the funds.

21

LAMB Health

Notes to the financial statements for the year to 31 December 2024 (continued)

General funds
Designated funds
Legacy fund
Total unrestricted funds		 At 1
January
2024
Income
Expenditure
Transfers
At 31
December
2024
£
£
£
£
£
29,296
117,842
(127,129)
-
20,009
-
1,006,345
(5,520)
(2,500)
998,325
29,296
1,124,187
(132,649)
(2,500)
1,018,334

10. Analysis of net assets between funds

Year ended 31 December 2024

Debtors
Bank and cash balances
Creditors
Total		 Restricted
funds
£
General funds
£
Designated
funds
£
Total funds
£
665
6,884
7,883
15,432
11,757
14,085
995,962
1,021,804
-
( 960)
( 5,520)
(6,480)
12,422
20,009
998,325
1,030,756

Year ended 31 December 2023

Debtors
Bank and cash balances
Creditors
Total		 Restated
Restricted
funds
£
General funds
£
Designated
funds
£
Total
funds
£
-
3,984
-
3,984
520
26,212
-
26,732
-
(900)
-
(900)
520
29,296
-
29,816

22

LAMB Health

Notes to the financial statements for the year to 31 December 2024 (continued)

11 Adoption of FRS 102 Charity SORP

This note explains the adjustments required on adopting the SORP. Income for 2024 has exceeded £250,000 and therefore receipts and payments accounts can no longer be prepared. The transition to the accruals basis of accounting has resulted in the following adjustments to the prior year:

Reconciliation of funds:

Funds (as previously stated)
Gift aid debtor
Interest debtor
Independent examination fee accrual
Funds (as restated)		 1 January 2023
£
31 December 2023
£
23,047
26,732
3,904
3,822
39
162
( 957)
( 900)
26,033
29,816

Reconciliation of surplus for the year:

Surplus for the year (as previously stated)
Gift aid debtor
Interest debtor
Independent examination fee accrual
Surplus for the year (as restated)		 31 December 2023
£
3,685
( 83)
124
57
3,783

23

LAMB Health

Notes to the financial state ments for the year to 31 December 2024 (continued)

12. Prior year Statement of Financial Activities (as restated)

Income
Voluntary Receipts
Donations
Grants
Bank interest
Total Income
Expenditure in respect of the
Charity’s objectives
Raising funds:
Website, publicity & events
Charitable activities:
Grants made
Grant transmission fees
Expenditure on behalf of
LAMB: medical equipment
Other: Governance costs
Total Expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Total funds brought forward10
Total funds carried forward10		 Unrestricted
funds
£
Restricted
funds
£
Designated
Funds
£
Total
2023
£
Total
2022
£
,
119,821
-
363
33,892
8,000
-
-
-
-
153,713
8,000
363
134,074
-
87
120,184
41,892
-
162,076
134,161
446
115,000
133

242
-
41,573
-1
-
-
-
-
-
446
156,573
132
242
629
143,111
88
-
900
-
-
900
1,033
116,721
41,572
-
158,293
144,861
3,463
320
-
3,783
( 10,700)
-
-
-
-
-
3,463
320
-
3,783
(10,700)
25,833
200
-
26,033
36,733
29,296
520
-
29,816
26,033

24