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
￿￿tte1￿1 Acty)nnts for the
ear ended 31¥1
23
Clwity Inf(fmati
2-6. Re￿L0fthe TffustK5
TTediDg Profit and Logs Account
Bala￿ Sh￿t
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 st￿tt
Lincoln
LN5 7DB
113(KJ09

Trus
r ended 31rt D￿e￿
The Trustees wesent their4nnual W for the year¢￿ts1 31'D￿nt￿ 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 M￿k 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￿ SUp￿rted by a committee of memlm
and ai*rt.titne General Manager.
OWECT
Lln￿2N¢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 I￿lib¢aff ￿¢1￿1 righLq forthose to wknm such opp)rtunities have
previously been denied due to poV￿Ly. famity Circu[D￿ OT Oppressi￿ and
create a safer enYironm¢nt for thildren and to provide and en￿wagement 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 Sch￿1 r￿0Ver￿j 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 ￿hO￿a￿l￿, 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,
baCkp￿l sGIK)ol dinner8 and oth¢T ewErtials. 5cholathip thildren are ￿ucated a]ong8ide
children from fee-paying higher caste f￿111¢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 a￿ving 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 DeceM1￿r 2023 theft were 508 children on
Lin(32N¢pal sChola￿bIpS and the Ch8rity e4)ntriiYJt&l £67,536 to sdKKyI runoing costs during 2023
under the scholarship programme.
Work was completed Im the school S￿rtS 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
deliv￿Ing the Cwnbridge Uoivusity A kn¢1 sci¢Thx c4)urse forour scholarship ¢hildren.
The 40 Frlelld3 HCC cl￿dren,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 GUr￿ntlY rnodts 19 chitdretL Funds raised this year tot21led £27.170 and we
Spent a total of £21275 on day-to-day nMDi￿ C(￿ atKJ Improv￿nellts. 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 add￿1 ID 2022.
providing a fully eqUIp￿d 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 Ne1￿1. 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 Pr￿thI 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 re￿Y F¢¢n re£ogtiised as the Improv￿ thildren's h(xne in K&thrn￿U VaSl¢y
by th¢ Nepali gOv¢Mm￿ somthg w¢ vffy of.
Earthquake Relief
Nepal experienced an e*uoke ffl 3 Novrynkr 2023. thts time (gnt￿a 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 a￿d 33 families left homelv>S. with no shelter. dotlKs IY Rn the short ternL we haye
PTOVtded these people with tents. thern￿l 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 Origi￿llY D)et Bidisha TWI￿18 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 MaJ￿ity 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
It￿Me 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 Tn￿le¢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. EXpa￿ltUre incl￿.
£67,536 (54% of our tirtal ex¥￿nd1￿) in rela11￿ to the scholarship progrwJ)me at Jeeva
Jyoti School.
£21,276 (17%) 8￿t on Tonoing c(kn aNI continued refinknhmart of the 40 Friend8
Children's Home.
£15,491 (12%) to build fi￿lY ¢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
tra￿ltion, in the event that the charity could no longer commit to fund its main Projects.
As of 31 December 21y23, the ch￿lty held resm t(rtaUing £95,548 which comprised,
£￿,174 of g¢n¢ral ￿$¢IVeS.
£25,076 whidj is tanja￿ for p￿t.16 for our s￿}s￿ed ¢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 [elev￿t 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 res￿nSIbIlIty for fuDding the 40 Friends Childrell's Home with effect fiymn April
2022. We are txrtthety grnteful to eV￿Olle 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 LIn￿2￿¢pa4 2(Y24 is a landmark year, iEillg 15 years %ince the Ch￿lty w&8 launched 8Dd 10 years
since Jeevan Jyoti Sch￿1 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"
l40twithst￿g the Su￿SeS 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 Tr￿tre

JIYD
RT THE TRusfEES
LINCS 2 NEPAL TRUST
I report to the Tn￿ on my examination of the accounts of Linc8 2 Nepa] Tr￿t (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 c4￿Ing out my exaD)in￿oll I have followpAI all the applicable D1rpLtiO￿ Biven by
the Charity Commlssion under ￿tIOn 145(5Xb) of the 2011 ACL
I have completed my ex￿nI￿ation. I CODfirni that w n￿rial matters have ¢OTne to my att￿rtion in
n￿rtion 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 a￿rd with thos¢ records. or
th¢ a￿Ountr th not compty with ￿ applicable requI￿n¢￿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 co￿8 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 unde￿￿ndIT£ of the
ounts to be TWI￿.
Roger White ACA
Saul P￿Th01M 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
I31.7￿2
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
Iv0￿10n￿l ¢du¢alion
Earmthed for 40 Frien(Ls
children's hon
10298
4.403
95548
89.590
Ckniti* Statem￿tt 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 I￿ve 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 acco￿ting N)li¢y n(rtas.
PrepAr*tion ofihe aeeounts on A goiJ8 ¢oReern b*
Stock
Stock is valued at lower of c05t aThl net realis￿e 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 Sch￿1 l KitidN￿ w0j￿ts
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" De￿mber 2023
syoc
21n3
1,119
DEBTORS
2022
4.843
&￿￿ar
for
erfvi￿￿ti0nal ed￿tation
Some Child sponsors pay more thaD th¢ standard monthly 8Jnount and their th)n&tions are
earnithed for sp￿lfi¢ children'8 fiwth¢r ¢d￿￿tIOn or vo¢ationaI training aftu the child leaves
Sch￿1. 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" D￿eMber 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
CUrr￿ll Liabilities
Total Net Assets
89,5