LtN(% 2 I¥EPAL Fipandal Aeeounts tor th¢ yeAr ¢d31. Dee£mlxr 2023 Sw•1 F•irholm limitAI Cbarterwl Ac¢ountsnts 12 TeDteYcroft Str llln¢oln LN5 7DB
NC 2 IAEP tte11 Acty)nnts for the ear ended 31¥1 23 Clwity Inf(fmati 2-6. ReL0fthe TffustK5 TTediDg Profit and Logs Account Bala Sht IIP12. Notes to the Financial A¢crymts
iINCS 2 N FiM*neixl Aceounts for the r ended n)ber 2023 PROPRIETOR: Committee ADDRE&S: 6 Dorrigall Close Linc4)In tTr41 IAT ACCOUNTATh: Saul Fairholm Limited 12 Tentemft sttt Lincoln LN5 7DB 113(KJ09
Trus r ended 31rt De The Trustees wesent their4nnual W for the year¢ts1 31'Dnt 2023. Nam LinL3 2Nyl Charity 113(K)09 ChArity's opcrntlng addre88: 6 tknAgaD Close Lincoln LNI IAT The Trustee8 ofthe Charity during thE year and atthe ye8r end wue: Mr Stuart hlartiti Wall&ce (Chair) Mrs Trdcey Lo)Taine Goddard (Secrdary) Mr AndTew William ma (Treasurer) appointed 14 June 21)23 Mr Garry Mk Goddard- r¢s]ed i i A[12{23 Mr Steven Pritchard Fjnma Louise Crellin Mrs Linda CIToaves-Te8ignal io DKemb8r 2(Y23 GOVERN Lincs2Nepal is an unincoTwrated charity governed in accord with Ats Constitution which was adopted in July 2009. The Charity is managed by ts Trust SUprted by a committee of memlm and airt.titne General Manager. OWECT Lln2N¢pal ts dedicatsj to Improving the educatio Trwlth and deyeiopment of familtes i th¢ poorer communitie8 ofNepal. W¢ aim to: disadvantaged lower c&ste communities in NepaL in IMrticulaT cbildre furtlw the pmvisionof Ilib¢aff ¢11 righLq forthose to wknm such opp)rtunities have previously been denied due to poVLy. famity Circu[D OT Oppressi and create a safer enYironm¢nt for thildren and to provide and enwagement to hdp improve theix living and 8A)cial (xmditions, to kip them re81ise their p)tentiaJ as tndividuals. We believe that eduixtion is the key to b¢lping commuDitias to D]ake wstsinabl< long-terni change gAI so this is the princitAI focTLS of our proia& The Trustees confirni they have Compli with the4r duty to have due regard to the Charity Commission's publi¢ knefit guidanc£ during 2023. &8 daDorystrated by the review of activities in the following sections.
LINCS 2 NEP rt of the Trn5ttts for the r eAdal 31" December 20 2023 was a year of consolidation for Lincs2N¢tAL &8 Jeevan Jyoti Sch1 r0Verj from the impact of Covid and we continued to develop the 40 Friends Children'8 Home in Kathmattdu. Further details of these and 011 devdopm¢llts are provided EKlow, followed by the Financial Review of 2023. Jeevan Jyoti Sehool Scho18r5hip Progrnmme Lin¢s2Nepai pays for hOal, which allow I(et thildrn to attend Jeevan Jyoti School in Kohalpur and recoive a qtwlity ¢duL¥tion that would not otherwise be available to them. Each child has a sponsor, whose regular donations fund the child's educatio including their unifomL shoes, baCkpl sGIK)ol dinner8 and oth¢T ewErtials. 5cholathip thildren are ucated a]ong8ide children from fee-paying higher caste f111¢s. whith is sti]1 rare in Nepal. 2023 w&8 focuseA on gethng back to nmnaj aftu Covi& We lost 81 scholatship thildTrn 45 8 r¢5uIt of di¢ pand¢miq mainly du¢ to families aving away to their gr4ndpar¢t#s' villa8es and not returning. Thi8 is something we could never have envisaged How¢ver. in April we welcomed our biggest ever scholarshkp intak4 with 72 new cbildm As of DeceM1r 2023 theft were 508 children on Lin(32N¢pal sCholabIpS and the Ch8rity e4)ntriiYJt&l £67,536 to sdKKyI runoing costs during 2023 under the scholarship programme. Work was completed Im the school SrtS compleL jacent to the main sit4 which Start in 2022. The ¢omplex now bcwts 8 full-Si7£ basketball fidl-size f(Krtball pitch and a grandstan¢l During 2023 Lincs2Nepal contributed £15.491 towa$ the building of fully equipped biology. chemisty and physics laLxsratories. Consequently. from April 2024 Jeevan Jyoti Sch(y)I will i delivIng the Cwnbridge Uoivusity A kn¢1 sci¢Thx c4)urse forour scholarship ¢hildren. The 40 Frlelld3 HCC cldren,8 Home Lincs2Nepal bewne the sole funder of the (then) HumaDEtarian Gmcern C¢nter (HCC) Children's Home itt Kathmandw with effect from April 2022. To fund the Home's running costs and itnprove its very basic facilities, we sought to idthtify forty Yrtffltts"_ businesses, faniilies and individuals - who This year w. th¢r¢fore. the Charity's first futl year nmning th¢ renamed 40 Fri¢nds HCC Childr'S Hom4 whith GUrntlY rnodts 19 chitdretL Funds raised this year tot21led £27.170 and we Spent a total of £21275 on day-to-day nMDi C( atKJ Improvnellts. which Inc}Jed. partialty r¢furbi5hing the kitch painting the Iwme insi& Styj f)uL to mak¢ it a fflviwnment for th¢ thildw4' instailing two ¢esspits. to Servi the toil&s and Showe that we add1 ID 2022. providing a fully eqUIpd sickToon4 to meet Nepali govermnent rules" building a Small temple in the growid& so thal the staff and the children catt properly enjoy their festival& supp)rted with extra mon¢y for Holi. Diwftli and Christmas. and buying new mour for theHom4 iwludiDgtabl¢ tgmis fables. The Home now b&$ three new staff memEer4 two of wbom were previously the oldest Ix)y alld gtrl. who recently joined the staff t¢Bm to stsy the home ar earn a sakny. The third new #aff membtr is qualified tLUTSe.
LINCS 2 EPAL Re rtofiheTrD for 310t eeember 2023 During our May attd October visits to Ne11. we some more new memories for the children; tsking them out to a ra8 a day trip to the z. and 8 Visit to Kathnwdu Fun Vall¢y Wal park. On thc OthtKr trAP, we put up new signag¢ at the hoDK PrthI all the childTrn with -40 Friend4" l.shirts an(L together with the children, cttated a mural with all their nfttnes and the Friends, Dam&s on IL Our children enjoy their begt-ever school results. 1th everyone passing their end of Y exams md four of our older children llloving on to college. Mgmaty our youllgest child, Start school at nursery level. Our Home ha5 reY F¢¢n re£ogtiised as the Improv thildren's h(xne in K&thrnU VaSl¢y by th¢ Nepali gOv¢Mm somthg w¢ vffy of. Earthquake Relief Nepal experienced an euoke ffl 3 Novrynkr 2023. thts time (gnta on JaiarknL whjch is approxim8t¢ly IIM) miles to the north-east of Jeevan Jyoti Schwl. The quak& which killed 153 Ewyk. was widely feh in western and northern Jndi4 arKI 15 the deadli& sinrK 2015. ol school's Principal and his team went straigbt to some of the most affected villages to provide support with money from the sch¢y)1's charity fund. Linrs2Ncpal kn since launched our own aid ittjuries ad 33 families left homelv>S. with no shelter. dotlKs IY Rn the short ternL we haye PTOVtded these people with tents. thernl blanket4 fcKxL ¢loth&% and other e88entials. In March 2024, we will i% visiting both vi118gu - a challenge in itself - to Wheth and how we can provide additioJJal help. Nurse TraiDing Linc62Nepal OrigillY D)et Bidisha TWI18 duriog egrtF4uake relief WO in 2015. when she was elev¢n years old. She said then. that sh¢ wanted to a nurse when sl grew up and. ekght years O we are delighted to continue our suprKJrt for nming stLyJits, she stsrts her final year at the Susl)n)a KDirala Memorial NvrsinB CampJ& FtNANCTAL REVIEW The MaJity of the Lincs2Nepal's income Corn from our ¢bild Sponso and from the businesse4 families and tndividuals who are helping the Chayiry fijnd the ¢10 Friends Children's Holl. That core ItMe is supplemenknl by fimdraisin8 events Bnd other donotions. Th¢ Charity received total income of £131.792 during 21n3 which wa8 a 92% decrease on £145,210 received in 2022.
LtNCS 2 rt of the Tnle¢S for the ren I" December 202 The Chpjity spent £125.834 during thv year. which was 3.3/• less than the £130.159 expend iti 2022. EXpaltUre incl. £67,536 (54% of our tirtal ex¥nd1) in rela11 to the scholarship progrwJ)me at Jeeva Jyoti School. £21,276 (17%) 8t on Tonoing c(kn aNI continued refinknhmart of the 40 Friend8 Children's Home. £15,491 (12%) to build filY ¢qUiPFtd biolo, themisty and knics laboratortes at Jeevan Jyoti S¢lNy)I" £4,207 {3YD) to furKI tv40 yeaT5' trdining alld exam fees for a stud¢ nw3e from & lower c48 £1,794 (2•h) to proM& vital equipmrt for famili&¥ affected by the November 2023 £15,530 (12%) on Oth dI¢t and iNlnr¢t dwitabl¢ extM8a. In summary. in 2023 our income exceeded our by £5.958. e4)mpml with a surplu8 of £15.051 in 2022. The FinallGial Reserves l1¢Y estabjished ty the trustee5 is that general re8eTV¢S and the 40 Friends Childr¢n's Home reserye 5houJ(L together, not fall below three months, ¢xpendithre (£31,500) and should ideally be maintsined at a leyd closer to one year's {£126,(K)O). This is to provide some resilien¢e in the event of variatAon5 in the value Dr liming of income and to allow f(r a managed traltion, in the event that the charity could no longer commit to fund its main Projects. As of 31 December 21y23, the chlty held resm t(rtaUing £95,548 which comprised, £,174 of g¢n¢ral $¢IVeS. £25,076 whidj is tanja for pt.16 for our s}sed ¢hildrn (Note 6 fets, £10.298 whtth is ¢am)arked for the 40 Friends Childrn's Home (the ¢xce&s of 40 Frieni ittcome ovu <4)sts iiwrd sioce we Wlllned fidl restK)nsibi]ity in April 2022 - Not¢ 7 refers). Compar&J with the TnLStees' r¢s¢rv¢s policy. the leyd of [elevt reseThes actually varied between high of £96,(M)O in S¢ptoJLu 2023 and a low of £59,(MM) in January 2023. In conclusion. 2023 was a y¢ar of surLe&8ful corL801idation for the Cbarit),. the impact of Covid and having acc¢ptoa resnSIbIlIty for fuDding the 40 Friends Childrell's Home with effect fiymn April 2022. We are txrtthety grnteful to eVOlle who I[*d acblevE tbi4 n(rt lea our thild srK>naot% and the"40 Friends". We also want to pay tributs to the Principal and staff of Jeevan Jyoti Sthwl and to the staff of th¢ 40 Friends Children's withoutwhom we Uld Dot achieve what we do.
tees for the r ended er 202 IA)ok4ng fonwwrd For LIn2¢pa4 2(Y24 is a landmark year, iEillg 15 years %ince the Chlty w&8 launched 8Dd 10 years since Jeevan Jyoti Sch1 op¢ned with 124 pupils. It now has 1,930 pupil& inolwlin8 508 on our scbolar5bip programEfke. Our first scholarship studet7ts will reach sclkool-leavtng age in March 2024 and have to decid¢ wh¢th¢r to coll¢inue into the newly established"sixth forni" l40twithstg the SuSeS of the 40 Children's Home since we took futtding ponsibilty in Atffil 2022, our plans for 2024 include a complete renoTrrtioD of the kitche providing a sports court for voll¢yEAIL Ewk&b311 alld bthiTht as well a5 tsking in additional ildr¢n. SIGNED ON BEHALF OF THE CHARTTVS TRtiSTELS Stuart Wallace Chairand Trtre
JIYD RT THE TRusfEES LINCS 2 NEPAL TRUST I report to the Tn on my examination of the accounts of Linc8 2 Nepa] Trt (th¢ Tn) for the yeor ¢nded 311t 2023 whithare 8d pages 8 to 12. RESPONSIBILITIES AND BASIS OF REPORT As ibe Charity Trustees of the Trust Y{ are rwp)nsible the preparation of the )ullts in accordanc¢ with th¢ requirements of the Charities Act 2011('the A¢f). I Teport in respect of my examiuknou irf the Tnth's accounts caffied out under se¢tÉon 145 of the 2011 Act and in c4Ing out my exaD)inoll I have followpAI all the applicable D1rpLtiO Biven by the Charity Commlssion under tIOn 145(5Xb) of the 2011 ACL I have completed my exnIation. I CODfirni that w nrial matters have ¢OTne to my attrtion in nrtion witb the examithon giving me cause to believe that in any malffial raspecL accounting records w¢ not kem in of th¢ Tn 08 Tquir&l by setti(m 130 of the A¢ or the acco do not ard with thos¢ records. or th¢ aOuntr th not compty with applicable requIn¢ts concerning the f(ffm content of acwutts set out in th¢ Charitiss (Accounts and R¢ports) R¢gulations 2008 other than any requirement that the give a 'trne and fair view. which is not a matt¢r consid¢r¢d I have no co8 and have come ocro&s no (rthff matters in conneLtion with the examination to which attention slKTruld be dr8wA in thi5 JEFU)rt in order to enable a propv undendIT£ of the ounts to be TWI. Roger White ACA Saul PTh01M Limited Chartered Acwuntattts 12 Ten*r¢roft Street Lincoln LN5 7DB
t of Fl Jneli r ended 31" Detember 2023 u]reStrIcted Re8tricttd Totsl Funds Tolal Funds 2022 INCOME Shop Event Sales 5J45 5.345 2,953 126.447 126,447 142.151 i¢JS Emergency Relief TOTAL INCOME 131,792 I31.72 145.210 EXPEf41DTURE Opening Stock PLwchase5 and Event Costs Nepal . Cost of Projects 776 820 127J59 3,943 112,832 112.832 117J81 117J81 128.955 Closing Stwk (1,119) {1,119) {6) 116262 116,262 128J49 INDIREcf CHARITIABLE Staff Costs Insurance Telephon¢ Postagc, Stationery and Makning Travelling BaDk Charge5 7J54 517 593 3C 131 673 7,354 517 593 304 131 673 l20 560 349 540 TOTAL KXPENDrruRE 125.834 125,834 130,159 NET INCOMEI(EXPEI¥DITURE) 5.958 5,958 15.051 IIECONCILIATION OF FUNI)S Total Funds BllMAght Forw8 89.5 895 74.539 Total Fullds Carry Forward 95.548 89.5
2 NEPAL Bal#n¢e Sheet as at 31"Dettmber 2023 Stockn Debtotx Cash at Bank and in Hand 1.119 4,843 84,141 94,429 95.548 89.590 knouuts falling due WAthia one year 95.548 89,5 TOTAL NET ASSETS 95548 89,590 Genernl 60,174 25,076 63.288 21.899 Iv010nl ¢du¢alion Earmthed for 40 Frien(Ls children's hon 10298 4.403 95548 89.590 Ckniti* Statemtt of Recornmelldsj PractiL% applicable to charitias FYerAring their accounts in accordance with the Financial Reporting StaTraard applicable in United KingdiMD and Republic of Ireland (FRS 102) andthe Charities Act 2011. Stuart Chair and Tn]st¢¢
io. LIN S2 Not oun for ber2 Basis ofpreparati The fmancial ststements Ive been prepared in aLxordance with Accounttng and Reporting by Charitie8: Statement of Reconllnended Practice applicable to charities preparing their a)ts in acc(thce with the Financial Re[titig stand applicable in the UK and Republic of Ireland (FRS 102) (effe£tive lx January 2019) - (Cl]arities SORP (FRS 102)), the Finallcial Rep)rting Standard app]icabl¢ io the UK atyj Republic of Ireland (Flis IIY2) alld the ClTrarities Act2011. Lincs 2 Nepal meds the definition of a public tenefft ttIty under FRS 102. Assets and liabilities are initially rtLX)gnised at histfflical c4>st or IraDsaction value w]I¢BS otherwise stat in the relevant accoting N)li¢y n(rtas. PrepArtion ofihe aeeounts on A goiJ8 ¢oReern b Stock Stock is valued at lower of c05t aThl net realise valu4 after lllaking due allowance for obsolet¢ and slow moving items. TOTAL INCOME 2022 Je¢van Jyoti S¢hool l KitidN 0J 40 Friends Children's home Shop and event sales Art Sav&8 Livu inNepal 992T7 27,170 5,345 107.412 3LL739 1953 131,792 145210 NEPAbCOST OF PR JECTS 2023 2022 Jeevan Jyoti Sch1 l KitidN w0jts 40 Friends Chitdren's Home Ernergeu¢y relief 89,763 21275 1.794 96,868 30,336 155 112.832 127.359
ii. LtNCS2 NEPAL Note8 to the Aceoullts for th¢ r eoded 31" Dember 2023 syoc 21n3 1,119 DEBTORS 2022 4.843 &ar for erfviti0nal edtation Some Child sponsors pay more thaD th¢ standard monthly 8Jnount and their th)n&tions are earnithed for splfi¢ children'8 fiwth¢r ¢dtIOn or vo¢ationaI training aftu the child leaves Sch1. As at 31" Decem 21Y23, £25.076 w&8 further education or voc81ional STRICTED FUNDS- Earniarked for the 40 Frienth Chil Atl At31 De£fmber 2023 URrntrieted Funds D¢si8tMted fimds 4.4103 27.170 121275) ID293 io Atl Rewurces Trawfers A¢31 2•22 2022 UJrestrletrd Funds JY¢sygoated fun 34.739 (30336) 4.403 34.739
12. Thc Notes to the ntsfrth¢ r ended 31" DeMber 2023 ALYSIS OF IYET ASSETS BETWEE restrlcted Restricted Fllnd5 Funds AS at 31" December 2(Q3 Current Assets CuETent Liabilities 95,548 Total N& Assets 95,548 restricted Restr&et¢d Funds Funds A8 at 31" De¢e4nber 2022 89,590 CUrrll Liabilities Total Net Assets 89,5