mailes Goldie CHARTERED ACCOUNTANTS REGISTERED NUMBER:07182183 Lincolnshire Rural Support Network Unaudited Financial Statements 31st March 2024 SD-0215783-1-6 ding together. ICAEW CHARTERED ACCOUNTANTS
, Lincolnshire Rural Support Network Contents of the Financial Statements for the year end 31st March 2024 Page Referonco and Admlnlstrativ• D•tails Rèport of the Trustees Independent Examin•rfs Report Stat•m•nt of Financlal Activities 10 Balance Sheet 11 to 12 Notes to the Flnancial Statements 13 to 21
Lincolnshire Rural Support Network Reference and Administrative Details for the year ended 31st March 2024 TRUSTEES Richard J Alderson Della M Armstrong Lisa M Boileau G Jane Chard (resigned 22.11.2023) Andrew T Hawes Charles M R Holt (Treasurer) Matthew J Phillips (Chair) Rev Canon Alan J Robson Sophie Jane Dunn Alexander Godfrey REGISTERED OFFICE Lincolnshire Showground, Grange-de-lings Lincoln LN2 2NA REGISTERED COMPANY NUMBER 07182183 (England and Wales) REGISTERED CHARITY NUMBER 1137678 INDEPENDENT EXAMINER Smalles Goldie Limited Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA INVESTMENT MANAGERS Brewin Dolphin 4th Floor 10 Wellington Place Leeds LS14AN BANKERS Lloyds Bank plc High Street Lincoln Page 1
'Lincolnshire Rural Support Network Registered number: 07182183 Report of the Trustees for th• year ended 31st March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provislons of Accounting and Reportlng by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019). The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. The trustees can be contacted at Lincolnshire Rural Support Network, cjo Lincdnshire Agricultural Society, Lincolnshire Showground, Grange-de-Lings, Lincoln, LN2 2NA. OBJECTIVES AND ACTIVITIES Objecllves, organisation and activities The charity Vfds established in 2003. The objective Is to harness the human and financial reSoUrS available to improve social and mental vlIbeing of individuals in rural Lincolnshire, in particular, but not exclusively, through the provision of information and support. The Gharity operates from the address above and the trUStS can be contacted al the registered office. The charily organises groups of volunteers giving support to individuals who are finding great difficulty in coping with stressful situations In rural LinGolnshire. In the Spring of 2(M)9 a health screening facility was introduced in Louth Livestock Market and exlended to Spalding Auction in May 2013 More rentlY an outreach health screening service was introduced, the Health Hut travels to remote locations acfOSS the county and offers routine health screening checks to the farming and agriojltural community. An additional dinic setting at Melton Mowbray Livestock Market has been piloted during the second half of 22123, with a view to extending the charity's reach in the S¢JJth of the Gounty. The charity also provides a Freephone helpline staffed by volunteers and acSsible every day of the year between the hours of 8am and 8pm. The trustees wish lo express their gratitude for the work of our Head of Charity, Amy Thomas and our Health and Wellbeing Lead Gilly Steel, Charity Support Manager Alison Pratt, Fundraising and Communications Manager Sarah Poucher, Caseworker Lea Schofidd and the Nurses, Heather Dawes Rachel Carritt, Rose Coffey and Alison Stanswood. Page 2
Lincolnshire Rural Support Network Registered number: 07182183 Report of the Trustees for the year ended 31st March 2024 OBJECTIVES AND ACTIVITIES Building on our success The charity under the new leadership of the Head of Charity has continued to expand its work within the Lincolnshire farming and wider rural community. The vrt)rk of the charity Is summarised in the table below. qle 30 Jun 23 qle 30 Sept 23 qle 31 Dec 23 qle 31 Mar 24 Volume of casework managed Amount of Finance Maximised Number of client-related hours 121 2,700,000 5.572 146 2,720,000 7,308 182 2,720,000 7,765 2,720,000 9,136 The Health Hut continues to visit farm sales. seed trials, shows and other rural events where our nurses offer routine health screening checks and health and wellbeing advi. This has been a particularly successful endeavour, with 860h of people who receive health checks at the Health Hut, never having visited an LRSN dinic before. Relationships wre developed with RABI, and LRSN are grateful for the resulting funding arrangement which covers the full operational costs of the Health Hut for 3.5 years. Recognising that we need to increase our reach in the south of Lincolnshire, we took the decision to work in partnership with Farming Community Network. to pilot a health screening clinic at Melton Mowbray Livestock Market. Initially the clinic itself was run under the LRSN banner, with support from FCN who provided a fortnightly space for our nurse, and shared the costs of the pilot, as well as volunteers to promote the opportunity to have a health check. The pilot was deemed successful, and relationships were fostered with Melton Borough Council with a view to securing longer term funding. 2023124 marks the first year of operation with financial support from Melton Borough Council via the UK Shared Prosperity Fund. We have recorded an increase in health screening in all locations, as well as an increase in referrals to the GP and Hospltal. In particular health screening undertaken at our static clinics (Louth, Spalding and Melton) increased by 300/0. Health Screening checks completed - Louth Health Screening checks completed - Spalding Health Screening checks completed - Melton Outreach Health Sfieening Checks (Health Hut) Referrals to GP Referrals to hospital Other Referrals 354 510 (of which 20/0 were from Lincolnshire) 3,806 226 1,308 We supported 248 famiing families throughout this period, which represented an increase of 150/0 in new case volumes in comparison to the previous year. In addition we recorded an increase in the amount of time spent supporting dients with our casework volunteers contributing a record 13,050 hours of their time to working with dients, reflecting not only an increase in case volumes, but also an increase in the complexity of cases supported. We recorded increases in business related support requests, finance and debt related support, bereavement support and family and relationship related support. Stress and mental health related cases continue to grow. A further breakdown of caserk data is provided bel¢)w: Client Occupation Client Age Groups Farm Worker Farm Owner Farm Tenant Horticulture Relation of Rural Industy 18- 24years 25 - 39 years 40 - 64 years 65+ years 160 27/0 Page 3
' Lincolnshire Rural Support Network Registered number: 07182183 Report of the Trustees for thè year ended 31st March 2024 OBJECTIVES AND ACTIVITIES Client Location Client Age Groups East Lindsey West Lindsey Boston Borough Lincoln South Holland North East LincL)Inshire North Lincolnshire North Kesteven South Kesteven 37% 18Q 18- 24 years 25 - 39 years 40 - 64 years 65+ years 27°/ 7¥0 Farm Type Arable Livestcek Mixed Poulty Horticulture Organic Veg 39% 24% 290/0 10 The split between maleffemale clients narrowed, with 560A male and 44 % female (compared to 630/0 male, 370/9 female in the last financial year). The LRSN helpline r1Ved 174 calls during the perlod 23124. Recognising the need to manage increased call volumes, we have adively recruited a further volunteer call handlers and introduc£d a new rota system, as well as a voicemail box and helpline email address which are available vthen the hdpline is not live. We have continued to develop and maintain valuable partnership links with ¢ommunity4ed public sector teams resulting in better serrfi outcomes as V11 as opportunities for joint work and funding and have vK)rked with partners to establish twtrway referral proc&sses. There continues to be a growing demand for volunteers particularly with skills to assist people with mental health problems and as demand for our services increases, we recognise the need to expand our volunteering teams and ensure that they are supported and trained to support an increasingly complex caseload. During 2023124 our volunteer numbers rose to 61 (an increase of 13) and our vdunteers contributed 18,236 hours of their time to help support agricultural and rural families across Lincolnshire. This is equal to an economic value of £294,622.50. Dr Annie Borrill MBBS MRCGP DFFP took up the post of Medical Director in early January 2016. She has a wealth of experien as a GP Partner at South Axholme Group Pradlce, Epworth. As a member of a North Lincolnshire farming family she also brings an understanding of the issues that face farmers and their families. She plays a key role in overseeing the clinical governan of our health screening Servi and provides ongoing dinical input to the nursing team. Public benefit In setting objectives and planning activities the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. Page 4
Lincolnshire Rural Support Network Registered number: 07182183 Report of the Trustees for the year ènded 31st March 2024 OBJECTIVES AND ACTIVITIES Partn•rshlps With the support of Famiing Community Network (FCN), Royal Countryside Fund {RCF) and Worshlpful Co of Farmers (WCF), LRSN has made local and national government avrare of the problems faced by farmers and their families, notably mental health issues and the difficulties and issues the industry faces. We have maintained close links with Royal Agricultural Benevolent Institution (RABI), ARC-Addington, |¢)cal NHS foundations and the Integrated Care system, Local Government, Dlocese of Lino)In, National Farmers Union, Lincolnshire Young Farmers, Lincoln University, Trading Standards as well as many private sector organisations. 2023124 saw LRSN develop new partnerships with RABI, Melton Mowbray Borough Council, Mercers Charitable Foundation and the Department of Health and Social Care, alongside maintaining partnership relationships with Waynflete Worth Foundation, Lincolnshire Integrated Care Board, Lincolnshire NHS, Royal Countryside Fund, and Shine Lincolnshire. We continue to utilise the Social Value Engine to evaluate our work. This accredited Social Value methodology has enabled us to provide robust and creditable evidence of the financial value of- £5.04 for every £1 invested in Casework Services £5.12 for every £1 invested in Helpline Services £4.50 for every £1 invested in Health Screening Servic£s (clinics) £4.84 for every £1 invested in Health Screening via the LRSN Health Hut We also ran a programme analysis incorporating all services. This shovts that a SROI was £4.95 per £1 invested. To put this into context, the Treasury Guidance for CrIble SROI claims indicated that £4 is of a high level. The unique'fit, of LRSN services in addressing a gap in support for Lincolnshire's 8gricultural and horticultural communities and the types of difficulties they face, supports our evaluation against higher social value levels. Marketlng and publiclty We have continued to deliver our well supported quarterly newsletter as well as our digital offering, which includes online reSoUrS on our vbsIte as well as a digital health screening service. In addition our newsletter has been expanded to include two pages of information from Lincolnshire Rural 2nd Agricultural Chaplaincy (LRAC). acknowledging that LRSN and LRAC are separate independent charities, but that we recognise the benefit of VrkIng together to deliver support to people in Lincolnshire's agricultural community. We held our annual Golf Day in May 2023. and our AGM with auction of promises in October 2023, both of which were eXptionallY well supported. January 2023 saw the start of LRSN'S 25th anniversary, with celebrations planned throughout the year. This commenced in January 2023 with Farmhouse Breakfast week at Louth Livestock Market, Spalding Horticultural Auction and Melton Mowbray Livestock Market, followed by Pie and Pea Suppers in February and a Quiz night in March. These and subsequent events, have been designed to provide a platform for raising awareness of our message of support and of the work that LRSN carries out in the agricultural and horticultural communities within Lincolnshire. We hope that they will also begin to tackle the loneliness that we know is prevalent within our community, but providing opportunities for social engagement, linking into the ongoing
TimeToTalk campaign.
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' Lincolnshire Rural Support Network Registered number: 07182183 Report of the Trustees for the year ended 31st Mah 2024 OBJECTIVES AND ACTIVITIES Volunt••rs The enlarged support group is divided into groups covering the helpline, caseworker visits, marketing and publicity. The main aim of the helpline and casework visits is to provide a tailored mix of advocacy, signposting and practical and emotional assistance, whlch enables clients to determine their own strategies for the future of their business and the farming family. We have been pleased to VlcOme new volunteers to our team and all are actively involved In all aspects of the services deliver. We ensure a full and comprehensive induction and training programme along with regular team meetings and communiGqtions. In recognitlon of the Importan and value of volunteers to LRSN, we were successfully reaccredited under Investing in Volunteers in November 2023. FINANCIAL REVIEW Review of Financial activities and affairs In the year to 31st March 2024 the charity received much of its income in the form of grant income and donations from both individuals and charitable trusts. The charity also receives bank interest and alms to earn a return on our investrnents. The trustees report net inc£>ming resources of £152,865 (2023 £115,742) which are added to the charlS accumulated funds. Funding The charity is grateful for support and assistance from the local Integrated Care Board (ICB) and County Council and significant contributions from the farming and rural community without whom it vlould not be possible to service the needs of the agricultural and rural community in Lincolnshire. The Trustees thank their sponsors Frontier Agriculture, Waynfiete Worth Foundation, our independent examiners and newsletter sponsor Smalles Goldie, Optum Commissioning Support Unit, National Farmers Union (NFU), Brown & Co, Young Famiers, Springfield House Association, Woldmarsh, Wright Vigar, Peacock & Binnington, Lincolnshire County Council, RABI, Melton Mowbray Borough Council, merrS Charitable Foundation, the Department of Health and sla1 Care, the Royal Countryside Fund, and Shine Lincolnshire. In addition vrfe extend our thanks to land agents, solicitors, charitable trusts, agriojltural trade suppliers and the many other supporters who have given generously to the fundraising support over the last year and not least the volunteers of the Lincdnshire Rural Support Netsvork. The value of this support is substantial, and Ive are extremely grateful for it. Recognising the need to identify sustainable funding sources, the Trustees of the Charity took the decision to develop a legacy giving programme. Whilst this is a fledgling programme and recognising that legacy fundraising is a long term pr¢)spect, vrfe are pleased to report that our legacy programme has been launched in partnership with LAS and LRAC. Investment policy and objectlves An investment policy has been approved by trustees, ensuring that funds are only invested with approved well- known institutions, and in their funds that are demonstrably low to medium risk only. For instan, exposure to equities will be kept to a low level. Our independent examiners, Smalles Goldie have been kept fully informed of our policy in this regard. Page 6
Lincolnshire Rural Support Network Registered number: 07182183 Report of the Trustees for the year ended 31st March 2024 FINANCIAL REVIEW Reserves policy We define reseryes as: The amount of money that y need to hold unspent as a buffer against those "rainy days. where, for a variety of reasons, we may find that our payments and c¢Jnmitments are outstripping our receipts in a VRY that, without reserves, the charity would be unable to pay its bills on time. It is important to state that we do not regard any of our restricted funds as 'reserves'. This is because they can only be spent as required by the donors, and must not be used for general purposes, even if V consider they are for the furtherance of the objectives of the charity. There are specific funds restricted to the provision of the health screening sep4ice, training. the employment of our Health & Wellbeing Lead, and to the placement of our caseworker in South Lincolnshire. The purpose of our reserves policy is to explain to the Charity Commission, major funders and donors, the charity's beneficiaries and the public at large why we may hold unspent charitable funds (whether in a bank,or deposit account, or other form of investment) instead of spending it on promoting the charity's charitable activities for the public benefit. Our reserves are to be categorised under four headings". Contingency These are funds required to cover unforeseen day-to-day running costs for a period of six months. Commitment These are funds to cover items that we have already decided that we will do and which if we did not do, it would be to the detriment of the charity. Cashflow We do not consider that any further items need to be included under this heading. The heading above, Contingency, covers this adequately. Closure It is unlikely that the charity will be faced with cessation or closure in the near future. Therefore we do not feel that this is a significant risk. and therefore we do not need to allocate considerable reserves to this heading. Nevertheless. we consider that a sum roughly equivalent to six months salary costs should be included under thls heading. NEW DEVELOPMENTS We have continued to work with a freelance bid writer, increasing our capacity to respond to funding opportunities in a timely manner and ensure that our fInanS remained in good shape. The Trustees and Head of Charity have commenced work on developing a new business strategy which will be finalised and launched at our AGM in 2023. The strategy reaffirms our charity's objedives and vlsion and dearly sets out a framework and pathway for delivery and development. The prOsS has been informed by our volunteers and stakeholders through a series of consultation sessions. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng document The organisation is a charitable company limited by guarantee, incorporated on 9th March 2010. It was registered with the Charity Commlssioners with charity number 1137678 on 31 st August 2010. The company was established under a Memorandum of Articles vthich established the objects and powers of the charltable company and is governed by its Articles of Association. Recrultment and appolntment of new trustees Trustees appointed during the year are confirmed at the next Annual Genera5 Meeting held each year. Trustees are appolnted for three years but can be redected. Page 7
Lincolnshire Rural Support Network Registered number: 07182183 Report of the Trustees for the year ended 31st March 2024 This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 9th October 2024 and signed on its behalf by: Charles M R Holt (Treasurer)- Trustee Page 8
Independent Examiner's Report to the Trustees of Lincolnshire Rural Support Network Indendent examinèrfs report to the trustees of Llncolnshir6 Rural Support Network {'the Company,) report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024. Responsibilities and basis of report As the Gharity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in aCrdance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 20(E Act and are eligible for independent examination, I report in respect of my examlnation of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commlssion under Section 145(5) (b) of the 2011 Act. Independent examin•rfs statem•nt Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Acl,. or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Seciion 396 of Ihe 2006 Act other than any requirement that the accounts give a true and fair view whlch is not a matter considered as part of an independent examination,. or the accounts have not been prepared in accordance with the methods and principles of Ihe Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come acyoss no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. S. T. Bramall, Bsc., F.C.A., Smalles Goldie Limited Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 88A 9th October 2024 Page 9
' Lincolnshire Rural Support Network Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the y6ar andod 31st March 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fursd funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 201,121 68,304 269,425 328.199 Charltablo activities Charitable activities 176,082 176,174 114,444 Investment income 82 Total 216,371 244,386 460.757 442,725 EXPENDITURE ON Raising funds 5,129 5,129 Charitable actlvltlos Charitable activities 186,981 356 592 304,371 Total 174,740 186,981 361.721 304,371 Net gainsl(losses) on investments 53,829 22,612) NET INCOME 95,460 57,405 152,865 115,742 RECONCILIATION OF FUNDS Total funds brought forward 434,755 283,257 718,012 602,270 TOTAL FUNDS CARRIED FORWARD 530 215 340,662 870,877 718,012 The notes form part of these financial statements Page 10
Lincolnshire Rural Support Network Registered number: 07182183 Balance Sheet 31st March 2024 2024 2023 Notes FIXED ASSETS Tangible assets Investments 12 13 4,299 711,399 10,443 640,555 715,698 650,998 CURRENT ASSETS Debtors Cash at bank 14 15 34001 219.587 19,186 253,588 98,920 CREDITORS Amounts falling due within one year 16 (98,409) (31.906) NET CURRENT ASSETS 155 179 67,014 TOTAL ASSETS LESS CURRENT LIABILITIES 870,877 718,012 NET ASSETS 870 877 718 012 FUNDS Unrestricted funds Restricted funds 18 530,216 434,755 283,257 TOTAL FUNDS 870,877 718,012 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 20[ for the year ended 31 st March 2024. The members have not required the company to obtain an audit of Its financial statements for the year ended 31 st March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge Iheir responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 20( relating to financial statements, so far as applicable to the charitable company. The notes form part of these finandal statemerlts Page 11 continued...
Lincolnshire Rural Support Network Registered number: 07182183 Balance Sheet- continued 31st March 2024 These financial statements have been prepared in accordan with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 9th October 2024 and were signed on its behalf by.. Charles M R Holt (Treasurer)- Trustee The notes form part of these financial statements Page 12
Lincolnshire Rural Support Network Notes to the Financial Statements for the year ended 31st March 2024 ACCOUNTING POLICIES Basls of pr•parlng the flnanclal statèmènts Lincolnshire Rural Support Network is a company limited by guarantee in England. In the event of the charity being wound up. the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered offlce is given in the tharity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are focused on improving the social and mental wellbeing of individuals in rural Lincolnshire through the provision of information and support. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.'Slatement of Recommended Practice appllcable to charities preparing their accounts in accordance with the Financial Reportlng standard appllcable in the Uk and Republic of Ireland issued in October 2019, the Financial Reporting standard applicable in the United Kingdom and Republic of Ireland (FRS 102). the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charily and rounded to the nearest £. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Dividends on investments and bank interest are accounted for in the period in which they are received. Exponditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all cosl related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Market equipment Computer equipment 33 % on cost 33Q/o on cost Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or then funds are raised for partlcular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 13 continued...
Lincolnshire Rural Support Network Notes to the Financial Statements - continued for the year ended 31st March 2024 ACCOUNTING POLICIES - contlnued Investments Investments are Sncluded in the accounts at market value. The market value of Stock Exchange Securities is based on the mlddle market quotation on the relevant stock Exchange at the year end. The market value of Unlt Trusts Is taken as the bid price of such Investments at the year. The purchase price and sale prd$ of Investments bght and sold refiect all relevant direct deallng costs. Reallsed and unrealised gains and10&8es (m Investments are dealt with in the Fund account for the year in vthich they relate. Voluntear contribution Trustees and vdunteers provide support to Llncolnshire Rural Support Network. It is nelther practical nor feasib to place an accurate value on the time volunteered by these persons. DONATIONS AND LEGACIES 2024 2023 Fundralsing Donations 26,168 288,219 Donations indudes the followlng: 2024 2023 Corporate and charitable trusts Individuals 171,980 71,277 143,093 145.126 243,257 288,219 INVESTMENf INCOME 2024 2023 Listed investments Deposit account interest 12,682 82 82 Page 14 continued...
Lincolnshire Rural Support Network Notes to the Financial Statements - continued for the year ended 31st March 2024 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Aclivity Charitable actlvltles Grants 176 174 114.444 Grants received, induded in the above, are as follows: 2024 2023 NHS funding grants Department of Health and Srtial Care Lincolnshire County Council Royal Agricultural Benevolent Instltution UK Shared Prosperlty Fund The Princes Fund Royal Countryside Grant 105,214 17,814 114.444 28,253 19.801 176.174 RAISING FUNDS Investment manag•ment costs 2024 2023 Portfolio management 5,129 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 7> Support costs (see note 8) Totsls Charftable actlvltles 355 700 892 356.592 DIRECT COSTS OF CHARITABLE ACTMTIES 2024 2023 Salaries staff expenses Travel Training Depreciation Insurance Promotion and publidty Postage ststionery telephone meetings and software Bank charges Sundries Prlnces fund expenses Chaplalncy Subsctiptk)ns 231,712 11,$40 24,878 6,850 6,144 5.720 31.878 27,718 318 2,301 205,981 8,894 16,385 2,650 6.160 4,615 33,823 21.241 343 858 439 1,9)0 303.435 Page 15 contlnued...
' Lincolnshire Rural Support Network Notes to the Financial Statements - continued for the year ended 31st March 2024 SUPPORT COSTS Governance costs Charitable activities 892 Support costs. included in the above, are as follows.. 2024 Charitable activities 2023 Total activities Accountancy 892 936 NET INCOMEI{EXPENDITURE) Net incomel{expenditure) is stated after chargingl(crediting): 2024 2023 Depreciation - owned assets 6.144 6,160 10. TRUSTEES. REMUNERATION AND BENEFITS No trustees received remuneration or other benefits in their capacity as a trustee for the year ended 31 st March 2024 nor for the year ended 31 st March 2023. Trustees. expens•s There Vre no trustees, expenses paid for the year ended 31 st March 2024 nor for the year ended 31st March 2023. 11. STAFF COSTS 2024 2023 Wages and salaries Social security costs Pension 213.485 13,908 4,319 83,558 13,210 9.213 231,712 205 981 The average monthly number of employees during the year as follows.. 2024 2023 Case vrforker Nurses Management Administrator Health and well-being lead 10 No employees received emoluments in excess of £60,(X)O. Page 16 continued...
Lincolnshire Rural Support Network Notes to the Financial Statements - continued for the year ended 31st March 2024 12. TANGIBLE FIXED ASSETS Market equipment Computer equipment Totals COST At 1st April 2023 and 31st March 2024 18,198 25.796 DEPRECIATION At 1st April 2023 Charge for year 8,062 7.291 307 15,353 At 31st March 2024 13,899 7,598 NET BOOKVALUE At 31st March 2024 4,299 4,299 At 31 st March 2023 307 10,443 13. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 1st April 2023 Additions Disposals Revaluations 640,555 131,737 {114,722) 53,829 At 31 st March 2024 NET BOOKVALUE At 31 st March 2024 At 31st March 2023 640,555 Cost or valuation at 31 st March 2024 is represented by.. Llsted inv•stments Valuation in 2024 Cost 53,829 711,399 Page17 continued...
° Lincolnshire Rural Support Network Notes to the Financial Ststements - continued for the y•ar •nded 31st March 2024 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 other debtors Prepayments 28.614 9,004 34.001 19,186 15. CASH AT BANK 2024 Total funds 2023 Total funds Current account Deposit accounts Investment cash 9,989 209,598 26,931 35,487 17,316 Total 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals Deferred income 18,947 79,462 28,306 3,600 Deferred income relates to grants which the charity has received and the funding agreement specifically stipulates the grant or an element thereof is to fund aciivities or expenditure to be incurred in a future period. 17. ANALYSIS OF NET ASSEfs BETWEEN FUNDS 2024 Total funds 2023 Total funds Unrestricted Restricted fund funds Fixed assets Investments Current assets Current liabilities 4.299 370,738 253,588 4299 711,399 253,588 10,443 640,555 98,920 340,661 530,216 340,661 870.877 718,012 Page 18 continued...
Lincolnshire Rural Support Network Notes to the Financial Statements - continued for the year ended 31st March 2024 18. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestrfcted funds General fund 434,755 95,461 530,216 Restrict funds Grants tovrfards health screening and NHS contracls Grants towards training Prince's Countryside fund Rural mental health Grants towards management 94,353 51,157 48,856 69,090 19,801 (39,588) (3,738) 5,000 103,803 8,073) 54.765 47,419 53,856 172,893 11,728 283 257 57,404 TOTAL FUNDS 718.012 152,865 870.877 Net movement in funds, included in the above are as fcAIows: Incoming resources Resources expended Gains and Movement losses in funds Unrestrlcted fvnds General fund 216,371 (174,739) 53,829 95,461 Restrfcted funds Grants towards health screening and NHS contracts Grants towards training Prince's Countryside fund Rural mental health Grants towards management 11,337 3,160 5.000 171,745 (50,925) {6,898) (39,588) (3,738> 5,000 103,803 8,073) {67,942) 61,217) 244.386 57,404 TOTAL FUNDS 460,757 361721) Page 19 continued..
'Lincolnshire Rural Support Network Notes to the Financial Statements - continued for the year ended 31st March 2024 18. MOVEMENT IN FUNDS - continued Comparativ•s for movement In funds Net movement in funds At 31.3.23 At 1.4.22 Unrestrlctad funds General fund 368,928 65,827 434,755 Restrfcted funds Grants towards health screening and NHS contracts Grants towards training Prince's Countryside fund Rural mental health Grants towards management 74,944 50,807 31,841 59,243 16,507 19.409 350 17,015 9,847 3,294 94,353 51,157 48,856 69,090 233,342 49,915 283,257 TOTAL FUNDS 602,270 115,742 718,012 Comparative net movement in funds, induded in the above are as follows: Incoming reSoUrS ReSoUrS expended Gains and Movemenl losses in funds Unrestrlcted funds General fund 242,682 (154,243) (22,612) 65,827 Restricted funds Grants towards health screening and NHS contracts Grants towards training Prince's C(MJntryside fund Rural mental health Grants towards management 58.045 (38,636) {2,650) (439) (58,553) 49,850} 19,409 350 17,015 9,847 3,294 17,454 68,4CM) 53,144 200,043 150,128 49,915 TOTAL FUNDS 442,725 304,371) 22,612) 115,742 Page 20 continued...
Lincolnshire Rural Support Network Notes to the Financial Statements - continued for thè year ended 31st March 2024 19. RELATED PARTY DISCLOSURES The charity paid £3,312 (2023 £3,312) to Charles Holt Consultancy for the provision of financial administration services. C M R Holt, a charity trustee, Is a partner in Charles Holt Consultancy. Page 21