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 Tent￿r0ft 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.
0￿ECTIVEs AND ACTIIqTIES
Lincs2Nepal is dedicated to improving the edU￿tIOn. 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 ma￿h, 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 Car￿ts, 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 ReSea￿h 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 M￿kan 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¢qu1￿ments 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 Ac￿ll￿ts for ¢be
ear ended 31" December 2024
ACCOUNTING POLICIES
Basis of preparation
Th¢ fJnar]cial statemcttts have bcen P￿Pared 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[PA￿C0sT 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$1 December 2024. £26.640 was eartnarked for further ed￿￿tIOn or vocational
training.
UNRESTIUCTED FUIYDS- Earm&rked for the 40 Friends Children's Home
Incoming
50ur¢es
Resources
eyp¢nded
Transfers
At31
December
2024
January
2024
Unrestricted Funds
DesigTrated funds
10,298
28.974
132.321)
6,951
10.298
28.974
32.321
Atl
Janu•ry
2023
Incoming
resources
Resources
expended
TraD$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 ex￿￿Se$ p¢rsonally incurred on Charity business.