LINCS 2 NEPAL Charity Number: 1130609 Financial Aeeounts for tbe year ended 31" December 2024 Saul Fairbolm limited Chartered Aeeounthnts 12 Tentercroft Street Lineoln LNS 7DB
LINCS 2 NEPAL Finglleigl Aecoullts for the ear ended 31" December 2024 CONTENTS Chariry Infomiation Report of ihe Trusiees Independent Examiner's Report Trading Profit and Loss Account io. Balance Sheer 11-13. Notes to the Financial Accounts
LINC 2 NEPAL Fingneial Accoullts for the ear ended 31" December 2024 CHARITY INFORMATION PROPRIETOR: The Committee ADDRESS: 6 Dorrigan C105e Lincoln LNI IAT ACCOUNTANTS: Saul Fairholm Limited Chartered Accountants 12 Tentr0ft Street Lincoln LN5 7DB CHARITY REGISTRATION NUMBER: 1130609
LINCS 2 NEPAL ort of the Trustees for th¢ ear ended 31Jt December 2024 The Trustees present their annual report for the year ended 31" December 2024. REFERENCE AND ADMINI TRATIVE DETAIL Name: Lincs 2 Nepal Cbarity Number: 1130609 Cbarity's operating address: 6 Dorrigan Close Lincoln LNI IAT Trustees: The Trustees of the Charity during the year and at the year end were.'_ Stuart Martin Walla¢e (Chair) Tracey Lorrnine Goddard (Secretary) Andrew William Marr (Treasurer) Steven Pritchard Emma Louise Crellin (re$l)ed 14th May 2024) Kayleigh Bianca Fisher (appointed 7th February 2024) Katy-Jane Stark (appointed 7 February 2024) VERNANCE Lincs2Nepal is an unincorporated charity governed itt a¢cordan¢¢ with its Constitution which was adopted in July 2009. The Charity is managed by the Trustees, supported by a comTnittee of metnbers and a part-time General Manager. 0ECTIVEs AND ACTIIqTIES Lincs2Nepal is dedicated to improving the edUtIOn. health and general development of families in the poorer communities of Nepal. We aim to.. provide a5SiStance and opportunity, through education, to oppresse& marginalised and disadvanlaged lower ¢aste communities in Nepal, in particular children. further the provision of health¢atE and social rights for those to whom such opportunities have previously been denied due to poverty. family circumstances or oppression. and create a safer environment for children and to prn)vide support and ¢ncouragement to help improve their living and social conditions. to help them realise their potential as individuals. We belieye that education is the key to helping ¢ommuniti¢s to make sustainabl4 long-term change and so this is the principal focus of our projects. The Trustee5 confimi they have complied with their duly to hav¢ due regard to the Charity Commission's public benefit guidance during 2024, as demonstrated by the review of activities in the following sections.
LINCS 2 NEPAL ort of the Trustees for the ear ended 31" Decemb¢r 2024 ACHIEVEMENTS AND PERFORMANCE 2024 was a spe¢ial y¢ar for Lincs2Nepal. as it marked 15 years since we became a registered charity and 10 years since we opened Jeevan Jyoti School, in partnership with Father Jomon James. There were many ups.... and inevitably, in relation to Nepal, some downs.... which we review in th¢ following sections. Jeevan Jyoti Sebool Lincs2N¢pal pays for scholarships. which allow lower caste children to allend Jeevan Jyoti School in Kohalpur and receiv¢ a qua]ity edu¢ation that would not otherwise be available to them. Each child has a sponsor, whose regular donations fund the Child's edu¢ation, including their unifomi, shoes, backpack. school dinners and other essentials. Our scholarship children are educat] Ong5]de children from fee-paying higher Caste families, which is still rdre in Nepal. Our school ha5 expanded rapidly sin¢e it opened in 2014 and now has more than 2.000 pupils. Inevitably this has had to be malched by tnany phases of new building and an ever-increasing number of teaching staff. During 2024. additions have included more classrooms, new o*Tices, a reception are4 a major new slage, on outdoor 8ym and the new Lincs2Nepal science lakM)ratory and computer room, which we provided the funding for late in 2023. Jeevan Jyoti School's first 10 years was marked with a major celebrdlion in mah, during which Gany Goddard addressed the teaching staff and parents in Nepali for the first time. Such anniverwi¢s are important. but far more exciting was that 17 of our scholarship children, who started school aged 6 and 7 in 2014, became the first to take and pass their fina] yeor l O ¢xamination& a passptsn to a life they could never have dreamed of, without the support of their Lincs2Nepal sponsors. Fourteen of those scholarship students have stayed on in the 6th forni. where they will be able to study the Cambridge University A level science course in the new physic& chetnisty and biology labs, while the other three are continuing their studies in other colleges. At the other end of school life, in May we welcomed 60 new nursery children onto our scholarship scheme. As of December 2024 there were 519 children on Line$2Nepal scholarships. 40 Friellds HCC Cbildren's Hom¢ Lincs2Nepal became the sole fijnder of the (then) Humanitarian Concern Center {HCC) Children's Home in KathmaT)du, with effect from April 2022. To fund thc Home's running costs and improve its very basic facilities, we sought to identify forty "friends"_ businesses. families and individuals - who would commit to make monthly donations. Since we accepted responsibility, the Home has been recognised as the most improved ehildren's home in Kathmandu by the Nepali government, but we conlinue to make further improvements. During 2024. Lincs2Nepal provided funding to knock down and replace the existin& very basic kitchen. The new kitchen has a liled floor, built-in cupboard5 and Workto sinks with hot and cold running water, plus a solar system ts) heat the water. There is also an adjoining food store and dining
LINCS 2 NEPAL ort of the Trustees for the ear ended 3191 December 2024 room. Other smaller improvements have included new Carts, extemal lighting and CCTV, a]1 io make life Safer and more comfortable foT our Staff and children. In October, we took the children on their first ever holiday, a three-night stay in beautiful Pokhar4 where they stsy¢d in a hotel for the fiJ3t lim¢. The ¢hildren enjoyed boat trips, rollerblading, rock climbing, visiting a funfair and eating in lakeside restaurants. It really was a wonderful few days, with Tnemories made which will last a lifetime. We intend to tnake this an annual event. During 2024, the two oldest residents completed their education and should norn)ally have moved ou( but we have employed thezn both on small salaries to keep the "family" together and support the existing staff. The govemment has sent 2 more children into our care, and we are expecting at least another 5 children to join us over the next few momhs. As at December 2024, 40 Friends is home to 20 ¢hildren. Adhyan In May. one of our scholarship children - 9-year-old Adhyan - was diagnosed with leukaemia. Nepal's hospitsls were not able to give Adhyan the necessary treattnenl so he needed to be admitted to the Indraprastha Cancer Society and ReSeah C¢ntre in Delhi. Adhyan's famÉly and friends raised what little they could. supplemented by Jeevan Jyoti school fundraising. before Lin¢s2Nepal agreed to meet the balanee of Adhyan's treatment costs. Almost seven months on, Adhyan's treaDnent has gone well. He is still in hospital in Delhi. but is expected 10 be discharged soon and will hopefully be able resume his education at Jeevan Jyoti School. Earthquake relietwork Nepal experienced an earthquake in November 2023, centred on Jajarkot whi¢h is approximately 100 miles to the north*ast of Jeevan Jyoti S¢hool. Lincs2Nepal initially provided emergency relief - lents, thernjal blankets, foo(L ¢lothes and other essentials - to two remote villages which had suffered more than 30 death& marty injwies and where 33 families were left homeless. During 2024, following an appeal and a donation of £5,000 from 3dtotal, we agreed to provide the people of Kortang village with timber and comigat¢d sh¢¢ts to build proper homes, also using the stone and clay that their original homes were made from. Working with loca] contact& we were able to ensure every affected family has a new pern]anent home. We have also almost completed the complicated paperwork to allow a l O-year-old girl from Kortang, who was orphaT]ed in the November earthquake. to join us at the 40 Friends Children's Home, providing a new start for her in a happy and ¢aring environmenL where she will also get a first-class education.
LINCS 2 NEPAL Re rt of tbe Trusteos for th¢ ear ended 31°, Deeember 2024 Flood relief work In July, our school's Principal contacted vs with news that three of our scholarship students and their families had lost their homes in the monsoon flooding. Lincs2Nepal agreed to fund the rebuild. Teachers and staff were deployed and within days the sites were eleared. Within three weeks, despite the weather, the families had better homes than the ones they had lost- brick-built and weather-proof. In October, Garry Goddard was able to visit the village of Akalghaw4 lo meet the affected families and officially hand ov¢r their Thew homes. Project Muskan In July. Lincs2Nepa] was contacted by a student frTrm Kathmandu University School of Management who, together with four student coll¢agues, was seeking sponsors for a project that they undertake as part of their second-year studies. "Project Musk#n- (muskan is the Nepali word for "smiles") aimed to= deliver educational support to a government s¢hool in Rasuwa village,. provide menstrual hygiene support to (hat village's women and seek to empower women in that community all things that Lincs2N¢pal has done in the past or continues to do elsewhere. Lincs2Nepal beeame Project Muskan's main sponsor. We monitored the sthdents. delivery of their proje¢t during S¢piember and met with them in OctolH to discuss what they had achieved and whether we might work in partnership in the future. We will be tneeting them again in March 2025 to develop further plans. Restoring Tvater supplies In October, we became aware of the plight of the desperdtely poor Village of Devendapur, in Chitwan, whose water pumps had dried up, leaving them no choice but to walk miles each day to fetch wat¢r for drinking, washing and crop i]gatIOn. Work had started to link the village to the nearest mains water supply, but more money was needed to cotnplete the trench and lay pipes. We were ple&8ed to pmvide the required funding - a small sum by UK standards to allow the work to be ¢ompleted by mid-November. FINANCIAL REVIEW The majority of the Lincs2N¢pal's income comes from our child sponsors and from the businesses, families and itLdividuals who are helping the Charity fund the 40 Friends Childr¢n's Home. That Core income is supplemented by fundraising events and other donations. The Charity received tota] incom¢ of £151,120 during 2024 which was a 14.70/0 increase on £131,792 received in 2023.
LINCS 2 NKPAL ort of the Trustees for tbe ear ended 31" December 2024 The Charity spent £127.479 durÈng the year, which was 1.3Vo more than the £125,834 expended in 2023. Expenditure in¢luded.. £59,803 {470/0 of our total expenditure) in relation to the scholarship programme at Jeevan Jyoti School- £32.321 (25%) spent on running costs and wntinued refurbishment of the 40 Friends Children's Home. £7.725 {60/0) to to fund medical treatment costs for one of our sponsored pupils who was diagnosed with leukaemi& during May 2024. £6.406 (5Q/o) to rebuild homes in villages affected by the November 2023 earthquake that hit Jajarkoi District. £4,446 140/0) to rebuild the home5 of thTee of ow sponsored pupils. families, after their previous homes were destroyed by storms during the 2024 monsoon season ' and £16.778 (130h) on other (lirecl and indirect charitsble expenses. In summary. in 2024 OUT income exceeded our costs by £23.641. Compared with a surplus of £5,958 in 2023. The Financial Reserves policy established by the trustees is that general reserves and the 40 Friends Children's Home reserve should, together. not fall bclow thrce Tnonth5' cxpenditurc (£32,000) and should ideally b¢ maintsined at a level Closer to one year's expenditure (£128,000)- This is to provide some resilience in th¢ event of variations in the value or timing of income and io allow for a managed trdnsition, in Ihe event that the charity could no longer commit lo fund its main projects. As at 31 December 2024. th¢ Charity held reserve5 totalling £119,189 which comprised.. £85,598 of general reserves. £26,640 which is earniarked for post-16 education for our sponsored children (Note 5 refers)- £6.951 which is earmarked for the 40 Friends Children's Home (the excess of 40 Friends income over costs incurred since we assumed full resrM)nsibility in April 2022-Note 6 refers). Compared with the Trnstees, reserves policy, the level of relevant resetves actually varied between a high of £93,01)O in December 2024 and a low of £67.000 in February 2024. In conclusion, 2024 was a very positive year. We are extremely gr&tefu5 to everyone who helped us a¢hieve this, not leasi our child sponsors and the "40 Friends" We also want to pay tribute to the Principal and staff of Jeevan Jyoti S¢hool and to the staff of the 40 Friends Children's Home, wÉthoui whom we could not achieve what we do.
LINCS 2 NEPAL ort of the Trustee5 for the ear ended 31st De¢ember 2024 [kIng forw4rd Our ¢or¢ projects - Jeevan Jyoti School and the 40 Friends Childr¢n's Home - will always be our priorities. However, when needs demand and resources pennil we will a]ways sPOnd. Possibilities, in 2025 and beyond. include closer working with the Project Mkan team and further relief work in Kortang village, where the school was destroyed by the earthquake. SIGNED ON BEHALF OF THE CHARITY?S TRUSTEES Stiiart Wallace Chair and Trustee Andrew William Ma Treasurer and Trustee
INDEPE DENT EXAMINER'S REPORT TO THE TRUSTEES OF LINCS 2 NEPAL TRUST I report to the Trust on my exatnination of the accounts of Lincs 2 Nep Trust (the Trust) for the year ended 31. December 2024 which are set out on pages 9 to 13. RESPONSIBILITIES AND BASIS OF REPORT As the Charity Trustees of the Trust you are responsible for the preparation of the accounts in accordance with th¢ r¢qu1ments of the Charities Act 2011 {'the Act,). I report in respect of my examination of the Trustee'5 accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confirni that no materia] matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were noi kepl in respect of ihe Trust as required by section 130 of the ACL or the a¢counts do not accord with those records. or the accounts do not wmply with the applicable requirements concerning the fomi and content of accounts set out in the Charities (A¢¢ounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an ind¢p¢nd¢nt examination. I have no concerns and have come across no other matters in ¢onnection with the examination to which atiention should b¢ drawn in this report in order to eFkable a prop¢r understanding of the accounts to LK r¢ached. Roger White ACA Saul Fairholm Limited Ch8rtered Accountants 12 T¢ntercroft Street Lincoln LN5 7DB Date:...
LINCS 2 NEPAL ststement of FiDanci*l Activities for tbe ear eDded 31" DecetDber 2024 Notes Un-TestTlCted RestTlCted Total Funds Total Funds Funds Funds 2024 2023 INCOME Shop and Event Sales Interest Fundrnising Income General Emergency Relief 225 390 225 390 5,345 145.505 5.000 145,505 5,000 126,447 TOTAL INCOME 151.120 151,120 131,792 DIRECT CHARITABLE EXPENIDTURE Opening Stock Purchases and Event Costs Nepal - Cost of Proj¢¢ls 1,119 453 113.215 606 3,943 112,832 453 113,215 114,787 114.787 117.381 Closing Stock (560) (560) (1.119) 114.227 14,227 116,262 INDIRECT CHARITIABLE EXPENDITURE Staff Costs Insurance Telephone Postsge, Stationery and Marketing Travelling IT Costs Bank Charges 9.912 515 542 765 79 710 729 9,912 515 542 765 79 710 729 7,354 517 593 304 131 673 TOTAL EXPENDITURE 127,479 127,479 125,834 NET INCOMEI(EXPENDITURE) 23.641 23,641 5,958 RECONCILIATION OF FUNDS Total Funds Brought Forward 95.548 95,548 89,590 Total Funds Carry Forward 119,189 119,189 95.548
10. LIIYCS 2 NEPAL Bxlance Sbeet as at 31" December 2024 Not 2024 2023 CURRENT ASSETS Stocks Cash at Bank and in Hand 560 l 18,629 1,119 94,429 119,189 95,548 CREDITORS Amounts falling due within one year ET CURRENT ASSETS 119.189 95,548 TOTAL NET ASSETS 119,189 95.548 FUNDS OF THE CHARITY Un$trIcted Funds General Eamarked for further IvocationaI education Earniarked for 40 Friends children's home 85,598 26,640 60,174 25,076 6.951 10,298 TOTAL CHARITY FUNDS 119,189 95,548 The financia] statements have been prepared in accordance with Accounting and Reporting by Charities: statemenl of Recommended Practice applicable to charities preparing their accounts in accordaT]ce with the Finan¢ial Reporting Standanl applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Approved by the Board on .lQ.'.o!4A.*è>.% and signed on its b¢half by.. Stuart Wallace Chair and Trustee
LINCS 2 NEPAL Notes to the Acllts for ¢be ear ended 31" December 2024 ACCOUNTING POLICIES Basis of preparation Th¢ fJnar]cial statemcttts have bcen PPared in accordance with Accounting and R¢porting by Charities- Statement of Recommended Practice applicable to ehariti¢s pr¢paring their accounts in accordanc¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Fis 102) (effective l* January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicabl¢ in the UK and Republi¢ of Ireland (FRS 102) and the Charities Act2011. Lincs 2 Nepal meets the definition of a public imefil entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting Folicy notes. Preparation of the &ccounts on * going ¢olleeru basis The CountS have been prepared on a going concern basis. Sto¢k Stock is valued at the lower of cost 2nd net realisable value, after making due allowance for obsolete and slow moving iiems. TOTAL INCOME 2024 2023 J¢¢van Jyoti School l KindNess projects 40 Friends Children's home Shop and event sales Emergen¢y relief Interest 116.531 28.974 225 5,000 390 99.277 27.170 5,345 151,120 131,792 N[PAC0sT OF PROJECTS 2024 2023 Jeevan Jyoti School l KindN¢ss projects 40 Friends Children's Home Emergency relief 70,042 32,321 10,852 89,763 21.275 1.794 113,215 112,832
12. LINCS 2 NEPAL Notes to the Accounts for tbe ear ended 31" December 2024 STOCK 2024 2023 Siocks 560 UNRESTRI TED FUND&E rm f r fur¢herlvoca ODII education Some child sponsors pay more than th¢ standard monthly amount and their donations are earniarked for specific children's further education or vocational training after the child l¢av¢s school. As at 31$1 December 2024. £26.640 was eartnarked for further edtIOn or vocational training. UNRESTIUCTED FUIYDS- Earm&rked for the 40 Friends Children's Home Incoming 50ur¢es Resources eyp¢nded Transfers At31 December 2024 January 2024 Unrestricted Funds DesigTrated funds 10,298 28.974 132.321) 6,951 10.298 28.974 32.321 Atl Janu•ry 2023 Incoming resources Resources expended TraD$fe At31 Dec¢mb¢r 2023 Urtrestrlcted FuTrds Designated funds 4.403 27.170 121275} 10.298 27.170 21.275 10.298
13. LINCS 2 NEPAL Notss to the A¢¢ounts for tbe ear ended 31J* Dee¢mber 2024 ANALYSIS OF NET ASSETS BETWEEN FUNDS restricted Funds Restrieted Funds As xt 31°, December 2024 Current Ass¢ts Current Liabilities 119.189 Totsl Net Assets 119.189 restricted Funds Restricted Fulld As At 31" December 2023 Current Assets Current Liabilities 95.548 ToLIl Net A55ets 95,548 PAYMENTS TO TRUS No payments were made to any of ihe Charity's trustees. other than to reimburse out-of- pocket exSe$ p¢rsonally incurred on Charity business.