LINCS 2 NEPAL
Charity Number: 1130609
Finan¢l•l Aceounts
for the vear ended 31" December 2025
Saul Fairholm Limited
Chartered Ac¢ountants
12 Tentercroft Street
Lincoln
LN5 7DB

LINCS 2 IYEPAL
Financial ALLounts for the vear ended 31, Deceinber 2025
CON
Charity Imfomjaiion
Rcpori of thc Trust¢cs
Ind¢p¢nd¢nt Examincr's Report
Trading Profil and Loss Account
10.
BalanLe Sh¢cl
11-13. Notes to th¢ Finan¢ial AcLOUnts

LINCS 2 NEPAL
Financial Aeeounts tor the
aren
ed 31" December 2025
CHARITY INFORMATION
PROPRIKTOR:
The CoTnmittee
ADDRESS:
6 Dorrigan Clos¢
Lincoln
LNI IAT
ACCOUNTAF4TS:
Saul Fairholm Limited
Chartered Accountantq
12 TcnterLroft Street
Lincoln
LN5 7DB
CHARITY REGISTIL4TION NUIVIBER:
1130609

LINCS 2 NEPAL
ort of the Trustees for the
ear ended 31" December 2025
The Trusl¢es present their annual Icport for the year ended 31 DeLembei' 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Name:
Lincs 2 Ncpal
Charity Number:
1130609
Charity's operating address: 6 Dorrigan Close
Lincoln
LNI IAT
Trustees:
The TrusteKs of the Charity during iht year and al th¢ year end w¢re:_
Stuart Martin Wallac¢ (Chairl
Traccy Lorraine Goddard (Secretary)
-4lldr¢w William Marr {Treasurer)
Stcvcll PiilLhard
Kayleigh Bianca Fishcr
Katy-Jane Stark
Giles Anthony Naylor (appointed 2 September 2025)
GOVERN
NCE
Lincs2Ncpal ib an unincorporatcd cl)arity govcmed in gi¢ordan¢¢ with ils Constiiution which was
adopted in July 2009. The Charity is managed by the Truslc¢s, supportcd by a committec of metnbers
and a part-time General Manager.
OBJECTIVES AND A
VITIES
Lincs2Ncpal is dedicdted to improving thc education, Iicalth and u7cncral devclopmcnt of fatnilics in
the poorer communitics of Nepal. W¢ aim to:
provide assistance and opportunity. through education, to oppressed. marginalised and
disadvantaged lower caste communities in Ncpal. in particulai ehildrcn,,
further the provision of healthcare and social rights for those to whom such opportunities have
prcviously been denied duc to povcrty, family circumstances or oppression. and
creatc a safer environment for children and to provide support and encouragement to help improve
their liiiing and social condition%, io help them realise their potential s individuals.
We believe that cducation is the kcy to hLlping communitics to makc sust&inabl¢, long-tcrni changc
and so thi6 is the principal focus of our projects.
The Trustees confirn] tliey have complied with their duty to have due regard to the Charity
CotllTlli¥5ion's public benefit guidan¢¢ during 2025, as demonstrated by the review of activities in the
following sections.

LINCS 2 F4EPAL
Re
ort of the Trustees for the
ear ended 31" Deeember 2025
ACHIEVE.MENTS AND PERFORMANCE
Our core projects
Jeevan Jyoti School and the 40 Friends Childrcn's Home - will always be our
prioritie.£, but when needs demand and resources perniit, we will always respond appropriately. Thc
Charity'.£ principal activities during 2025 are outlined below. followLd by the Trustees, Financial
Review of the year.
Jeevan Jvoti School
Lincs2Nepal pays for scholarships, which allow lower easte children to attend Jeevan Jyoti School in
Koh8lpur and reeeive a quality education that would not otherwi%e bc available to them. Each child
has a sponsor. whosc rcgular donations fund thc child's education, incliiding their unifonn, 5hocs,
backpack, school dinners and other essentia15. Our scholarship children are ¢du¢ated alongside
children froin fee-paying Iiighcr ca%tc familics, which ib btill rare in Nepal. By December 2025. thcre
were 533 childi'en on Lin¢s2N£pal s¢liolarsliips.
The slhool has expanded rdpidly since it opened in 2014 and iiow has morc than 2,700 pupils. 2025
was the first year that the school had the equivalent of both lower and upper sixth fomis, with some of
our original s¢holarship children from 2014 now in the upper sixth.
De￿.¢10p￿C1its during 2025 included..
acquiringi soinc iiiore land, adjacent to the school, to furthcr develop 118 qportl facililics.
constructing a roof over the football-pitch-siz¢ spa¢e bctwcen thc threc teaching blocks, to
¢reate a covered area with enough tables and chairs to allow all the students to have their
school lunches in two sittings;
provision of an impressive gtage for performing arts.. and
m¢¢ting th¢ new school nursc, whose post we fund, and topping up the medical .qupplics she
We visitcd th¢ s¢hool in March and November 2025 and are satisfi¢d that it ¢ontiDues to go from
strength to strength and that our scholarship children are thriving.
40 Friends Ckntldren's Home
Linc%2Nep<il bLLainc thc 8olc fundcr of tlic (tlicn) Huinanttarian Concern Ccntcr (HCC) Children %
Home in Kathmandu, with effect from April 2022. To fund the Home's running costs and improve ils
very basic facilities, w¢ gought to ideniify forty "friends"
businesse.q, familieg and individua15 who
would cummil lo make monthly donations. As of D¢¢ember 2025, the 40 Friends Children's Home
looks after twenty children and we expect to wclcomc fiv¢ morc girls early in 2026.

LINCS 2 NEPAL
ort ot. the Trustees for the
ear ended 31" December 2025
Wc try to cnsurc that th¢ rhildrcn can cnjoy a range ot tTeats and experien¢¢s, such as going io a
climbing wall, eating out in restaurants and going to the cinema. In October, we gave each of the
children 2 purse or wallet with the equivalent of £50 pounds in it and took them shopping for new
clothcs.
For the second year running, we took the children and staff lo Pokhara for a short break, but this timc
they travelled by aeroplane from Kathmandu - the first lime that any of the ehildren had flown. Thev
all enjoycd a wondcrful tcw days. Thlth incmorics n]ade which will lasi them a lifcÈitne.
Our visits in March and November 2025 gave assurance that the Home conlinucs to provide a safe and
loving environment for the 40 Friends "family"
Adhyan
Ii) last ycar's Annual Report, wc rccounlcd how onc of our scholarship children Adhyan - h8d bccn
diagnosed with Icukacmia. Nepal's hospitals were unablc to give Adhyan th¢ n¢¢essary treattnent, so
we had agreed to fund his medical care #t th¢ Indraprastha Cancer Society 8nd Research Centre in
Delhi.
In March 2025, Garry Goddard met Adhyan and his family in Kohalpur, at which point Adhyan
seemed to have made a full recovery and was due to resume scliool the following month. However, al
his next quarterly clicck-up. his clinicians dctcnnincd that tlic Icukaemia l)ad rctLirn¢d. l.incs2Nepal
agreed to ￿nd another five-month treatment programme for Adhyan, but sadly h¢ lost his fight with
cancer in October. As always. the charity did what it could, but sadly could not achieve the oul¢ome
we Th'antcd on this occaiion. Resi in peale, Adliyan.
Social Experience Projects
111 202), wc again ll&￿eed to support students from Katlimaiidu Univer8ity School of Management.
who undertak¢ Social Experience Projects as part of their second-year studi¢s. We becamc the
principal sponsors for:
Project Sadhbhav.. five students who aimed to improve conditions at a government s¢hool in
Sindhupalchowk., and
Project Nirhbar.. four sthdents, whose project was focus¢d on helping a children's home in
Bhtktapur.
We maintained online contact with tr*)th projccts during their work and met with both groups of
4tiidents in October, to review theii. achievements, including accompanying the Project Nirhbar team
to thc Bliaktai)ur orphunage io see thin&s first-liand.
Such projects cost us relatively little in sponsorship, but fa¢ililale the students who contribute their
tim¢ and efforts as volunteers. We are keeping their impact under review, but it is likely that
Lincs2Nepal will seek to be involvcd again in 2026.

I.INCS 2 NEPAL
Re
ort of th Trustees tor the
ear ended 31" December 2025
Blbash
Our School's Principal contaclcd u.8 in July 2025, to explain that the family of oiie of our young
scholarsliip ¢hildr¢n, Bibash Tharu, was going throu￿1 a difticult period. Bidash's fathcr had bccn
involved in all accident, as a result of which he was paralysed and bedridden. Consequently, neither he
nor his wife could work and thc family W¢iS relyingy on handouts from our school or from neighbours.
Surgery, which the family could not afford, offered the prospect of a signifi¢ant improvement and
ouilook, so Lincs2Nepal paid for the operation and Bidash's father is now on the road io recovery.
Wc a150 tound out that the family was living in the ￿MainS of their clay hous¢, which had bccn
heavily damaged during the monsoons. Lincs2Nepal had plans drawn up for a ontrbedroom house,
whi¢h would be suitable for thi family, and work started in September.
We met the family in October - it was a joy to see the father's r¢¢overy and lo hear what a difference
the new house will make to their lives.
Water supply
Laklianwar is Line of the village8 that our 4eholarship children come from. The village's government
school has about 400 pupils, bul we found ihat there wa5 a lack of hcalthy drinking watcr for them.
Lincs2Nepal agrccd to fund a water supply to the school and, in late December 2025. received
photographs ot thc LomplLtLd installation. Wc havc found tliat rcsult5 improvc dramatically whcn
nutritional support or elean drinking water is made available.
Small actions also ehange live5
We often find that a small outlay can achieve a disproportionate benefit and so Lincs2Nepai is alway8
happy to consider how we can maximi5e our impact, within scarce resources. Sm811 initiatives that th¢
Charity beLame awarc of and funded in 2025 included..
one of our child sponsors learned that her sponsored girl's father had been scalded at his
workplace and was therefore unable to work. She very kindly offered to help coiwer his M'ages
for a pcriod. so that hL could still feed his family. and we werc liappy to match her
contribution.
Pabi was 42 years old. H¢r husband died five years ago and she MTas scraping a living selling
bottled water to passengers at th¢ local bus station, an hour's walk away. To nwke her life
easier, Lincs2Nepal bought her a drink and snack eart. so that shc now has a more established
bLiginess to providc for her family;
Bikendra, who is partially paralysed. supports his family by selling bread in nearby villages,
which he reaches by pedalline a bread-laden bicyclc with his good foot. His old cycle was
almost beyond rcpair and litnited his caniiiig potential. We therefore paid for a customized
bicycle, complete with big bread boxes and baskets, to replace the old one. and

LINCS 2 NEPAL
Re
ort of the Trustees for the
ear ended 31 ' December 2025
ljahar, who is blind, had a small businc5s s¢llillg snacks out5idc th¢ gatC5 of his villagc school.
which was hi5 lif¢lin¢. When his mother died, he lost his business, as h¢ ¢ould not afford to re-
siock. Lincb2N¥pdl purchased a mai. a sti>ol and sufyicient stock to help restore hi
indcpcrLdeTLCe.
FINANCIAL REVIEW
The majority of the Linc52Ncpal's incom¢ comes from our child sponsors and from the businesseg,
familics and individuals who are helping the c.harity fund the 40 Friends Children's Home. That core
incoine iq.%upplementcd by fundraising cvents other donaiions.
The Charity received total income of £145,679 during 2025 which was 8 3.60/0 decrease on £151.120
received in 2024.
Thc Cli¢irity %pcnt £117,673 during Ihc y¢ar, wl)ich was 7.70/, less than the £127,479 cxp¢nd¢d in
2024. Expenditur¢ included-.
£57,743 (49.10/0 of our total cxpcnditurc) iii r¢lation to th¢ scholarship prograTnmc at J¢cvan
Jyoti School-
£31,124126.4/0) spent on rllnning costs and continued refiwbishinenr of the 40 Friends
Childrcn'5 Hom¢-
£6,560 {5.60/o) to fund surg¢ry for th¢ father of one of our sponsored cbildren's family and to
providc a new home for his family-
£5,196 {4.4/0) to fund medical treatment Losts for one of our spvnsor¢d pupils who w
diagnosed with Icuka¢mia during May 2024;
£17,050114.50/.} on smallei charitable projects and indirect charitable expenses.
In summary, in 2025 our income exceeded our c0515 by £28.006, ¢ompar¢d with i surplus of £23.641
in 2024.
The Financial RcicrnAcs policy, eftablished by thc tru.%tccs. is that gcncral rcscnJc.s and thc 40 Fricnds
Children's Home reserve should, together, not fall below three months, expenditur¢ (£30,500, based
on tlic avcragc for 2024 and 2025) and %hould ideally be maintained at a leN'cl closer to onc yeiL r'q
experditurc (Ll 22,00a1. This is to provide somc iesilienLe in the eveiit ()f Vdl'llltions in thL Vdlue ()r
timin¥ of incom¢ and to allow for a managed transitior4 in thc cvent that th¢ Charity could no long¢r
commit to fund ils main projects.As of 31 December 2025, the Charity held rese￿e$ tolalling
£147,195 which comprised..
£115,441 of general reserves..
£28,590 which is eartllarked for p(J4t-16 educalion for our sponsor¢d children (Notc 5 iefers}.'
and
£3,104 which is eannarked for the 40 Friends Children's Home (the excess of 40 Friends
incoinc ovcr cu%ts Encurrcd sincL wc as.8umcd full re%pon%ibility in April 2022- No(c 6
refers).
Coiiiparcd with thc Trustccs. rcscrvcs policy, the level of relcvant rc8crves actually varicd bctwccn a
high of £122.000 in Augyust 2025 and a low of £88,000 in Janudry 2025.

LINCS 2 NEPAL
ort of the Trustees for the
ear ended 31" December 2025
In conclusion. 2025 was another positiv¢ year. We arc extrcincly grateful to cveryone who helped us
aLhi¢ve this. not l¢ast our ¢hild sponsors and th¢ "40 Friends" We also want to pay tribute lo th¢
Principal and staff ()f Jecvan Jyoti School and to dic staff of thc 40 Fi'ilnds Childrcn'.% Home, without
wl)oin w¢ could not aLlii¢ve wliat we do.
Looking forward
During 2026, we plan to use around £23,000 from reserves lo provide a swimming pool at JeeN'an
Jyoti S¢hool, so that the pupils, including OLif schol￿￿￿hlp Lhildren, can learn to swim and acquire life-
saving skills - drowning is a significant causc of child monality in Nepal, claiming hundreds of livcs
annually. While total annual drowning deaths are estimated at approximately 1,500 to 1,600 acTOSS all
igcs, childrcn rcprLsenl a disproportioiiaiely higih pcrccntagc ot thcsc victiFn,%.
SIGNED ON BEHALF OF THE CHARITY'S TRUSTEES
Stuart Wall&ce
Chair and Trustce
Andrew William Ma]T
TrL<isur¢r and Tru£tLL

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
L1￿Cs 2 NEPAL TRUST
I report to the Trustees on my examination of the ac¢ounts of LirLCS 2 Nepal Trust (the Trust) for the
year ended 31" Dcccmb¢r 2025 which are set out on pages 9 to 13.
RESPOLNSIBILITIES AND BASIS OF RLPORT
As the Charity Trustees of the Trust you are responsible for the preparation of th¢ accounls in
accordanc¢ with the requirements of the Charities A¢t 2011 ('the Act,).
I report in respect of my examination of the Trustee's accounts carried out under section 145 of the
2011 Act and in carrying out my ¢xamination I have followed all the applicable Directions given by
the Charity CoLnini55ion under section 145{5)Ibl of thc 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have compl¢ted my examination. l confirm that no material matters have come to my attentiox in
conncctiOT) With Ihe examinatioii giviT)&i m¢ Lau%L EO believe tl)al in any matei'ial respect..
accounting records wcre not kept in respect of the Trust as required by section 130 of the Act;
or
the accounls do not accord wtth thos¢ records- or
the accounts do not coiiiply with the applicable requirements concerniiig th¢ form and coi)tent
of account5 set out in the Charitics IAc¢ounii and Reports) Regnjlations 2008 other ihan any
requirement ttlal the a¢counls give a 'true and fair Yicw. which is not a matter considered as
part of an indcpcndcnt cxamination.
I have no concerns and have comc across no other matters in connection with the examination to
which attention should be drawn in this rcport in order to enable a proper understanding of the
Lcounts to be reached.
Roger White ACA
Saul Fk)irholm Limited
Chartcrcd Aicoiintants
12 Tentercroft Street
Lincoln
LN5 7DB

LINCS 2 NEPAL
StAtement of Ffinaneial Actiiryties for the
ear ended 31 ' December 2025
Notes
Un-restricted Restricted Total Funds Total FuDds
Funds
Funds
2025
2024
IP*'COIVIE
Shop and Event Sales
IntLJ-e%t
Fundraising Income
General
EiiierLiency Rclicf
721
1,583
721
1,583
225
390
143,375
143,375
145,505
5,000
TOTAL INCOME
145,679
145,679
151.120
DIRECT CHARI'fABLE
EXPENIDTURE
Opening Stock
PurchasL.s and Evcnt Costs
Nepal - Cost vf Pmjects
560
942
104,573
560
942
104.573
1,119
453
113,215
106,075
106,075
114.787
Closing Stock
(1,102)
(1,102)
(560)
104,973
104,973
114,227
INDIRECT CHARITIABLE
EXPENDITURE
Staft-costs
Insurance
Telephone
Poslagc. Siationery and Marketing
Travclling
IT Costs
Bank Charges
9,961
550
614
349
9,961
550
614
34C)
88
312
8?6
9,912
515
542
765
79
710
729
312
826
TOTAL EXPENDITURE
117,673
117,673
127,479
NET INCOIIIEI(EXPENDITURE)
28,006
28,006
23,641
RECONCILIATIofi OF FUNDS
Total Fun(ts Brought Forward
119,189
119,189
95,548
Total Funds Carry Fonvard
147,195
147,195
119,189

10.
LINCS 2 TrIEPAL
Balance Sheet as at 31" December 2025
Notes
2025
2024
CURRENT ASSETS
Stock.
Casli at Bank and in Hand
1.102
146,093
560
118,629
147.195
19,189
CREDITORS
Amounts falling due within one year
NET CURREIYT ASSETS
147,195
119,189
TOTAL h'ET ASSETS
147,195
119,189
FUNDS OF THE CHARITY
tricted bunds
General
Eai'marked for furthcr
Ivucatioiial cduccltioii
Eannarked for 40 Friends
childr¢n's home
115,441
28.590
85.598
2C),640
3,164
6,951
TOTAL CIL4RITY FUNDS
147,195
119,189
The financial siatements have bccn prepared in a¢cordancc with Accounting and Rcporting by
Charitieq-. statcmcnt of Recommendcd Practice applicable to charities preparing their account8 in
accordaii¢e Nvith the Financial Reporting Standard applicdble thc Unitcd Kingdoni and R¢public of
Ireland (FRS 102) and the Charities Act 2011.
Approved by the Board on
and signed on lis behalf by:
Stuart Wallacc
Chdir and Trustee

I,INCS 2 NF.PAL
Lyotes to the Accounts for the
ear ended 31" December 2025
ACCOUINTif4G POLICIES
Basis of preparation
Tli¢ Iiniin¢ial btdteinents haye been pi'epared itt ac¢ordanc¢ with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charitics preparing thcir accounts
in accordance with the Financial Reporting Standdrd applicable in the UK dnd R¢public of
Ireland IFRS 102) {effective l January 2019) - ICEwities SORP (FRS 102)), thc Financial
Rcporting Stsnd2rd appli¢able in th¢ UIQ and R¢public of Ireland IFRS 102) and the Charities
Act 2011.
Lincs 2 Nepal Tneets the definition of a public benefit entity under FRS 102. Assets and
liabilities arc illitially r¢¢ognised at histori¢al ¢ost or tr8nsaction value unless othenvise stated
in IIIL rLlcvant accouiitiiig, policy Iiotcs.
Preparation of the accounts on a going concern basis
Thc accounts havc b¢¢ii prepared on a going concern bLsis.
Stock
Stock is valued at the lower of ¢ost 2nd net realisable value, after inaking due allowance for
obsolcie and slow moi'ingT Item8.
TOTAL INCOLVIE
2025
2024
Jc¢van Jyoti School l KindNess projects
40 Friends Children's home
Shop and event sales
Emergency relief
Interest
116,038
27,337
721
116,531
28,974
225
5,000
390
1,583
145,679
151,120
NEPAL-COST OF PROJECTS
2025
2024
Jccvai) Jyoti School / KindNess projects
40 Fricnds Children's Homc
Enicrgcncy rclicf
73,449
31,124
70,042
32.321
10.85?
104,573
113,215

12.
LINCS 2 NEPAL
otes to the Accounts for the
ear end
31" December 2025
STOCK
2025
2024
Stocks
1,102
560
NRE
TRICTED FUI4D
Earmar
for furtherlvocational education
SOML Lliild qponwrs pay morc than tlic 4tandard Inoiitlily amouni and thcir donations are
earmarked for specific Children's further education or vocational training after the Child leaves
school. As at 31" Dcccmbcr 2025, £28.590 was earnwked for furth¢r cducation or vocational
training.
UNRESTRICTED FUNDS- EArmarked for the 40 Friends Cbildren's Home
Atl
January
2025
Ineornlng
resourc¢s
Re50urees
expended
Tr4Dsfers
At.11
December
Unrestrlcted Pund8
Desigiiated funds
6.951
27.337
131,1241
3,164
6.951
27,337
31.124
Atl
January
2024
Incomlng
Tesource5
Resources
expended
Trntlsfers
At31
Deeember
2024
Unrestricted Funds
Desigiiatcd funds
10,298
28,974
(32,321)
6,951
10.298
28.974
6,951

13.
J.INCS 2 NEPAL
Notes to the AceouDts for the
ear ended 31" December 2025
ANALYSI
OF NET ASSETS BETWEEN FUTr4DS
restricted
Restricted
Funds
at 31" December 2025
Current A$sets
Current Liabilities
147,195
Total Nct Abbeis
147,195
Un-
restricted
Funds
Re5trieted
Funds
-45 at 31" December 2024
Current Assets
Cllrrent Liabilittes
119,189
Total Nct Asseis
l19,189
PA YMENI TS TO TRUSTEES
No paynients w¢rc IDade to any of the Charity's trustees, other than to rciinbur5C OUt-or-
pocket exp¢n$es personally incurred on Charily business.