, E,, Smalles Goldie CHAR TERED ACCOUNTANTS REGISTERED COMPANY NUMBER:07182183 REGISTERED CHARITY NUMBER: 1137678 Lincolnshire Rural Support Network Unaudited Financial Statements 31 March 2025 S(>022034&1 tLOr thpr. ICAEW CHARTERED ACCOUNTANTS
Lincolnshire Rural Support Network Contents of the Financial Statements for the year ended 31st March 2025 Page Reference and Administrative Details Report of the Trustees Independent Examlner's Report 10 Statement of Financlal Activltles Balance Sheet 12 Cash Flow Statement 13 Notes to th8 Cash Flow Statement 14 Notes to the Flnancial Statements 15 to 23
Lincolnshire Rural Support Network Reference and Administrative Details for the year ended 31st March 2025 TRUSTEES Richard J Alderson (resigned 28.11.2024) Della M Armstrong (resigned 22.1.2025) Lisa M Boileau (resigned 20.08.2025) Andrew T Hawes Charles M R Holt (Treasurer) Matthew J Phillips {Chair) Rev Canon Alan J Robson Sophie Jane Dunn Alexander Godfrey Alison Bottom {appointed 28.05.2025) Paul Barnes (appointed 28.05.2025) Jon Tanner (appointed 11.06.2025) REGISTERED OFFICE Lincolnshire Showground, Grange-de-llngs Lincoln LN2 2NA REGISTERED COMPANY NUMBER 07182183 (England and Wales) REGISTERED CHARITY NUMBER 1137678 INDEPENDENT EXAfvIINER Smalles Goldie Limited Chartered Accountants Regenys 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 Report of the Trustees for the year ended 31st March 2025 The truslees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charily for the year ended 31st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparlng 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 goveming document, the Charitles Act 2011 and Accounting and Reporting 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 published in October 2019. The trustees can be contacted at Lincolnshire Rural Support Network, clo Lincolnshire Agricultural Society, Lincolnshire Showground, Grange-de-Lings, Lincoln, LN2 2NA. OBJECTIVES AND ACTIVITIES Objectives, organisation and activities The charity was established in 2003. The objective is lo harness the human and financial resources available to improve social and mental wellbeing of individuals in rural Lincolnshire, in particular, but not exclusively, through the provision of information and support. The charity operates from the address above and the Irustees can be contacted at the registered office. The charity organises groups of volunteers giving support to individuals who are finding great difficulty in coping with stressful situations in rural Lincolnshire. In the Spring of 2009 a health screening facility was introduced in Louth Livestock Market and extended to Spalding Auction in May 2013. More recently an outreach health screening service was introduced, the Health Hut travels to remote locations across the county and offers routine heallh screening checks to tho famiing and agricullural community. An addilional clinic selling at Melton Mowbray Livestock Market was introduced in 22123, with a view to extending the charity's reach in the south of the county. The charity also provides a Freephone helpline staffed by volunteers and accessible every day of the y8ar beeen the hours of 8am and 8pm. The truste6s wish to express their gratitude for the work of our staff team led by Head of Charity, Amy Thomas. Page 2
Lincolnshire Rural Support Network Report of the Trustees for the year ended 31st March 2025 OBJECTIVES AND ACTIVITIES Bullding 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 work of the charity is summarised in the iable below, 202412025 Volume of casework managed Amount of finance maximised Number of Helpline calls received Number of health screening checks Number of volunteer hours 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 advice. This has been a particularly successful endeavour with 3,225 health screening check being undertaken via the Health Hut, Relationships have been established 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 contlnue to run a health screenlng clinic at Melton Mowbray Livestock Market and are grateful for financial support from Melton Borough Council via the UK Shared Prosperlty Fund. In January 2025 we introduced a pilot clinic in partnership wlth ADM Agriculture Ltd, in Ihe north of the county. Kindly hosted by Peacock and Binnington, the new North Clinic rotates between their Brigg and Corringham depots, as part of a pilot scheme Ihat will run throughout 2025. 2024125 also saw the introduction of the Women in Wellies project. a wellbeing project specifically targeted at women in the agricultural and horticultural communitles. Thls nurse led project seeks to engage women in social activities whilst providing opportunities for health checks and wellbeing support. During its first year of oper81ion: - 85 women attended sessions and 19 attended more than one session 76,10 of women reported increased wellbelng as a result of attending Women in Wellies 68Q/o felt less lonely and isolated 730/0 felt more resilient 41 % received support for their mental health We have recorded an increase in health screening In all locations, as well as an increase In referrals to the GP and Hospital. 231 families supported £2,720,000 179 calls 5,384 checks 11,828 hours Health Screening checks completed - Loulh Health Screening checks completed - Spalding Health Screening checks completed - Melton Outreach Health Screenlng Checks - Health Hut Health Screening checks completed - Women in Wellies Health Screening checks completed North Clinic Health Screenlng checks completed - Other Referrals to GP Referrals to hospital Other referrals 508 650 638 3,325 136 98 53 249 1,221 Page 3
Lincolnshire Rural Support Network Report of the Trustees for the year ended 31st March 2025 OBJECTIVES AND ACTIVITIES We supported 231 farming families throughout this period. We continue to note an increased complexity In cases, with clients more frequently presenting with multlple and often interwoven issues. This Is reflected in the number of caseworkers worklng on a case at any given time, with 630/0 having 1 caseworker, 31 Q/0 having 2 caseworkers, 30/0 having 3 caseworkers, and 30/0 having 4 or more caseworkers, reflecting an increase in the complexity of cases supported. We have noted increasingly complex family and relationship issues, with support requests related to family and relationship rifts as8OCtated lo business issues beginning to come through on a more frequent basis. A further breakdown of casework dala Is provided below Client Occupation Client Age Groups Farm Worker Farm Owner Fami Tenant Horticulture Relation of Rural Industry 20% 18- 24 years 25 - 34 years 35- 44 years 45 - 64 years 65+ years 100/0 400/& 20°/0 11% Location East Lindsey West Lindsey Boston Borough Lincoln South Holland North East Lincolnshire North Lincolnshire North Kesteven South Kesteven 430/0 5/ 5% 10% Farm Type Case Breakdown by Type Arable Livestock Mixed Poultry Horticullure Organic Veg Animal Health Bereavement Business Family and Relationship Finance and debt Flood Health Legal Reservoir Stress and Mental Health Tenancy YFC ResponselFit for the Future 24% 8% 400/0 10% 2024 saw th8 introduction of a new project, funded via Defra, and focussing on support to young people in the agricultural and horticultural industries. The Future Farmers project was launched in summer 2024 and has enabled LRSN to develop a support package speclfically targeted at supporting the resilience and wellbeing of young people aged between 16 and 34 years. In the first few months of delivery this project has.. Provided support into 16 Young Farmers Clubs across Lincolnshire - Trained 132 Young Famiers Club members Provided 1..1 support to 55 people aged between 16 - 34 years Trained 32 Young Famiers Club Mental Health First Aiders {accredited) Page 4
Lincolnshire Rural Support Network Report of the Trustees for the year ended 31st March 2025 OBJECTIVES AND ACTIVITIES Training and awareness raising: LRSN have delivered mental health awareness training to 58 people and businesses in the agricultural and horticultural industrles.. 28 people trained as Mental Health First Aiders 12 people trained as Mental Health Champions 18 people received mental health awareness training. The LRSN helpline received 179 calls during the period 24125, increasing call volumes by 104 % across the last 4 years. Recognising the need to manage increased call volumes, we have actively recruited further volunteer call handlers and introduced a new rota system, as well as a voicemail box and helpline email address which are available when the helpllne is not live. An alternative email address has also been provided, recognising that making a lelephone call may be harder for some people. We have continued to develop and maintain valuable partnership links with community-led public sectorteams resulting in better service outcomes as well as opportunities for joint work and funding and have worked with partners to 8stablish two-way referral processes. 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 Irained to support an Increasingly complex caseload. During 2024125 our volunteer numbers rose to 78 {an increase of 17) and our volunteers contributed 11,828 hours of their time to help support agricultural and rural families across Lincolnshire. This is equal to an economic value of £135,152. Dr Annie Borrill MBBS MRCGP DFFP took up the post of Medical Director in early January 2016. She has a wealth of experience as a GP Partner at South Axholme Group Practice, Epworth. As a member of a North Lincolnshire farmlng famlly she also brings an understanding of the issues that face farmers and their families. She plays a key role in overseeing the clinical governance of our health screening seNice and provides ongolng clinical input to the nursing team. Publlc benefit In setting objectlves and planning activities the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefil. Page 5
Lincolnshire Rural Support Network Report of the Trustees for the year ended 31st March 2025 OBJECTIVES AND ACTIVITIES Partnerships With the support of Farming Community Network (FCN), Royal Countryslde Fund {RCF} and Worshipful Co of Farmers (WCF), LRSN has made local and national government aware of the problems faced by farmers and their families, notably mental health issues and the difficulties and Issues the industry f8ces. We have malntained close links wlth Royal Agricultural Benevolent Institution (RABI), ARC-Addington, local NHS foundations and the Integrated Care system, Local Government. DI0Se of Lincoln, National Farmers Union, Lincolnshire Young Famiers, Llncoln University. Trading Standards as well as many private sector organisations. LRSN also maintains partnerships with RABI, Mellon Mowbray Borough Council, Mercers Charitable Foundation, Defra, the Department of Health and Social Care. 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.. £5.40 for every £1 invested in Casework Services £4.66 for every £1 invested in Helpline seNis £4.12 for every £1 invested in Health Screening SeNices (clinics) £4.96 for every £1 invested in Health Screening via the LRSN Heatth Hut £4.04 for every £1 invested in Women in Wellies We also ran a programme analysis incorporating all services. This shows that the total social value achieved by LRSN in the year 2024125 was £752,293.42 To put this into context, the Treasury Guidance for credible 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 agricultural and horticultur81 communlties and the types of difficulties they face, supports our evaluation against higher social value levels. Marketing and publicity We have continued to deliver our well supported quarterly newsletter as well as our digital offering, which includes online resources on our website as well as a digital health screening service. In addition our newsletter has been expanded to include two pages of information from Lincolnshire Rural and Agricultural Chaplaincy {LRAC),' acknowledging that LRSN and LRAC are separate independent charities, but that we recognise the benefit of working together to deliver support to people in Lincolnshire's agricultural community. We held our annual Golf Day in May 2024, and our AGM with auction of promises in October 2024, both of which were exceptionally well supported. Volunteers The enlarged support group is divided into groups covering the helpline, caseworker visits, markeling 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. which enables clients to determine their own strategies for the future of their business and the farming family. We have been pleased to welcome new volunteers to our team and all are actively involved in all aspects of the services we deliver. We ensure a full and comprehensive induction and training programme along with regular team meetings and communications. In recognition of the importance and value of volunteers to LRSN, we were successfully reaccredited under Investing in Volunteers in November 2023. Page 6
Lincolnshire Rural Support Network Report of the Trustees for the year ended 31st Ivlarch 2025 STRATEGIC REPORT Revlew of Flnancial actlvities and affairs In the year to 31 st March 2025 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 aims to @am a retum on our investments. The trustees report net incoming resources of £146,106 (2024 £152,865) which ar@ added to the charily's accumulated funds. Funding The charlty is grateful for support and assistance from the local Integrated Care Board IICB} and County Council and significant contributions from the faming and rural community wilhout whom it would not be possible to servlce the needs of the agricultural and rural community in Lincolnshire. The Trustees thank their sponsors Frontier Agriculture, Waynflete Worth Foundation, our independent examiners and newsletter sponsor Smalles Goldie, Optum Commissioning Support Unit, National Farmers Union (NFU), Brown & Co, Young Farmers, Springfield House Association, Woldmarsh, Wright Vigar, Peacock & Binnington. Lincolnshire County Council, RABI, Melton Mowbray Borough Council, Mercers Charitable Foundation, the Department of Health and Social Care, the Royal Countryside Fund. Defra, and Shine Lincolnshire. In addition we extend our thanks to land agents, solicitors, charitable trusts, agricultural 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 Lincolnshire Rural Support Networf(. The value of this supporl is substantial, and we 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 prospect. we are pleased to report that our legacy programme has been launched in partnership with LAS and LRAC. Investment pollcy and objectives 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 instance, exposure to equities will be kept to a low level. Our independent examiners, Smalles Goldie have been kept fully infomied of our policy in this regard. Page 7
Lincolnshire Rural Support Nelwork Report of the Trustees for the year ended 31st March 2025 STRATEGIC REPORT Financlal review Reserves policy We define reserves as: The amount of money that we need to hold unspent as a buffer againsl those "rainy days" where, for a variety of reasons, we may find that our payments and commitments are outstripping our receipts in a way 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 we consider they are for the furtherance of the objectives of the charity. There are specific funds restricted to the provision of the health screening service, 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 fonn of investment) instead of spending it on promoting the charity's charitable activrties 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 Ihe 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 Ihe 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 Ihis heading. Risk analysis The Governance subcommittee regularly reviews the charity's Risk Register. and reports to the quarterfy Board meetings. This ensures that our govemance and risk management processes are kepl in check. A programme of work to address all areas identified for improvement is in pla and is reviewed regularly by the Board. New developments We have conlinued to work with a freelan bid writer, increasing our capacity to respond to funding opportunities in a timely manner and ensure that our finances remained in good shape. The Trustees and Head of Charity developed a new business strategy which was launched at our AGM in 2023. The strategy reaffirms our charity's objectives and vision and clearfy sets out a framework and pathway for delivery and development. The process has been informed by our volunteers and stakeholders through a series of consultation sessions. Page 8
Lincolnshire Rural Support Network Report of the Trustees for the year ended 31st March 2025 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 Commissioners with charity number 1137678 on 31 st August 2010. The company was established under a Memorandum of Articles which eslablished the objects and powers of the charitable company and is governed by its Articles of Assoclation. Recrultment and appointment of new trustees Trustees appointed during the year are confirmed at the next Annual General Meeting held each year. Trustees are appointed for three years but can be re-elected. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors. on 4th November 2025 and signed on the board's behalf by.. l.. H.14 Charles M R Holt (Treasurer) - Trustee Page 9
Independent Examiner's Report to the Trustees of Lincolnshire Rural Support Network Independent examiner's report to the trustees of Lincolnshire Rural Support Network ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for tho preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of Ihe Company are nol required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination 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 Commission under Sectlon 145(5) (b> of the 2011 Act. Independent examlner's ststement 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 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other Ihan any requirement that the accounts give a true and fair view which is not a matter considered as parl of an independent examination,. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to gnable 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 4th November 2025 Page 10
Lincolnshire Rural Support Network Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31st March 2025 2025 Totsl funds 2024 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 226,680 52,678 279,358 269,425 Charltable adivities Charitable activities 270,106 270,106 176,174 Investment income 19,577 19,577 15,158 Total 322 784 569 041 460,757 EXPENDITURE ON Raising funds 6,186 6,186 5,129 Charitable activltles Charitable activities 184674 425 102 356,592 Total 246,614 184,674 431,288 361,721 Net gains on investments 8,353 53,829 NET INCOME 7,996 138,110 146,106 152,865 RECONCILIATION OF FUNDS Total funds brought fOard 530,216 340,661 870,877 718,012 TOTAL FUNDS CARRIED FORWARD 538,212 478 771 1,016 983 870,877 The notes form part of these financlal statements Page11
Lincolnshire Rural Support Network Balance Sheet 31st March 2025 2025 2024 Notes FIXED ASSETS Tangible assets Investments 12 13 712 703 224 4,299 711,399 703,936 715,698 CURRENT ASSETS Debtors Cash at bank 14 15 11,672 421853 34.001 219,587 433,525 253,588 CREDITORS Amounts falling due within one year 16 (120,478) (98.409) NET CURRENT ASSETS 313 047 155,179 TOTAL ASSETS LESS CURRENT LIABILITIES 1,016,983 870,877 NET ASSETS 1,016,983 870.877 FUNDS Unrestricted funds Restricted funds 18 538,212 478,771 530,216 340,661 TOTAL FUNDS 1,016983 870,877 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025. The members have nol required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companles Act 2006. The trustees acknowledge their responsibilities for (a) ensuring thal the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements whlch give a true an(f 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 2006 relaling to financial statements, so far as applicable to the charitable company. The financial statements were approved by the Board of Trustees and authorised for issue on 4th November 2025 and were signed on ils behalf by.. CL..13 H.14 Charles M R Holt (Treasurer) - Trustee The notes form part of these financial statements Page 12 continued...
Lincolnshire Rural Support Network Cash Flow Statement for the year ended 31st March 2025 2025 2024 Notes Cash flows from operating activltles Cash generated from operations 167 015 141,710 Net cash provided by operatlng activities 167.015 141.710 Cash flows from investlng activities Purchase of tangible fixed assets Purchase of fixed asset investments Sale of fixed asset investments Interest received Dividends received (854) {172,106) 188,634 6,223 13,354 (131,737) 114,722 2,476 12,682 Net cash provided byl{used in) investing actlvities Change in cash and cash equivalents in the r8POrting period Cash and cash equivalents at the beglnning of the reporting period 202,266 139,853 219,587 79,734 Cash and cash equivalents at the end of the reportlng period 421853 219,587 The notes form part of these financlal statements Page13
Lincolnshire Rural Support Network Notes to the Cash Flow Statement for the year ended 31st March 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net income for the reportlng perlod {as per the Statement of Flnancial Activltles} Adjustments for: Depreciation charges Gain on investments Interest received Dividends received Decr8ase/{increase) in debtors Increase in creditors 146,106 152,865 4,441 {8,353) (6,223) (13,354) 22.329 6.144 (53,829) (2,476) (12,682) (14,815) 66.503 Net cash provided by operations 167,015 141,710 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank 219.587 202.266 421853 202 266 421853 Total 219,587 202,266 421853 The notes form part of these financial statements Page 14
Lincolnshire Rural Support Network Notes to the Financial Statements for the year ended 31st March 2025 ACCOUNTING POLICIES Basis of preparlng the financSal statements 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 reglstered office Is given in the charity 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 infomiation and support. The charity constitutes a public benefit entity as defined by FRS 102. The financial statemenls have been prepared in accordance with Accounting and Reporting by Charities.'Statement of Recommended Practice applicable to charities preparing their aGcounts in accordance with the Financial Reporting Standard applicable 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 COnM 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 charfty 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 Ihe income will be received and the amount can be measured reliably. Dividends on investments and bank interest are aGcounled for in the period in which they are received. Expenditure Liabilities are recognised as expenditure as soon as there Is a legal or constructlV8 obligation committing the charity to that expenditure, it is probable that a transfer of economlc 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 classified under headings that aggregate all cost 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 330/0 on cost Taxatlon The charity Is exempt from corporation tax on its charitable activitles. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the dlscretlon of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when speclfied by the donor or when funds are raised for particular restricted purposes. Further explanation of the nalure and purpose of each fund is included in the notes to the financial statements. Page 15 continued...
Lincolnshire Rural Support Network Notes to the Financial Statements - continued for the year ended 31st March 2025 ACCOUNTING POLICIES - contlnued Investments Investments are included in the accounts at market value. The market value of Stock Exchange Securities is based on the middle market quotation on the relevant stock Exchange at the year end. The market value of Unit Trusts Is taken as the bid price of such investments at the year. The purchase price and sale proceeds of investments bought and sold reflect all relevant direct dealing costs. Realised and unrealised gains and losses on investments are dealt with in the Fund account for the year in which they relale. Volunteer contributlon Trustees and volunleers provide support to Lincolnshire Rural Support Network. It is neither practical nor feasible to place an accurate value on the lime volunteered by these persons. DONATIONS AND LEGACIES 2025 2024 Fundraising Donations 32,352 247 006 26,168 243,257 279,358 269,425 Donations includes the following.. 2025 2024 Corporate and charitable trusts Individuals 147,410 171.980 246,831 243,257 INVESTMENT INCOME 2025 2024 Listed investments Deposit account interest 13,354 12,682 2.476 19,577 15.158 Page 16 continued...
Lincolnshire Rural Support Network Notes to the Financial Statements - continued for the year ended 31st March 2025 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Charitable activities Grants 270 106 176,174 Grants received, included in the above, are as follows: 2025 2024 NHS fundlng grants Department of Health and Social Care Lincolnshire County Council Royal Agricultural Benevo16nt Institution Mellon Borough Council The Princes Fund Royal Countryside Grant Department of Environment Food and Rural Affairs 114,733 50,328 9,422 28,227 12,796 105,214 17,814 92 28,253 19,801 5,000 270,106 176,174 RAISING FUNDS Investment management costs 2025 2024 Portfolio management 6.186 5,129 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 7> Support costs (see note 8) Totals Charitable aclivitles 414,606 10,496 425,102 DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 Salaries staff expenses Travel Training Depreciation Insurance Promotion and publicity Postage statlonery telephone meeiings and software Bank charges Sundries Chaplaincy Subscriptions 282,838 5,030 34,033 572 4,440 7,985 45,144 29,378 328 3,931 231,712 11,540 24,878 6,850 6,144 5,720 31.878 27.718 318 2,301 497 6,144 927 414 606 355,700 Page 17 continued...
Lincolnshire Rural Support Network Notes to the Financial Statements - continued for the year ended 31st March 2025 SUPPORT COSTS Governance costs Charitable activities 10,496 Support costs, Included in the above, are as follows.. 2025 Charitabl8 activities 2024 Total activities Accountancy Legal fees 2,803 892 892 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting}: 2025 2024 Depreciation - owned assets 4,441 6,144 10. TRUSTEES. REMUNERATION AND BENEFITS No trustees reiVed remuneration or other benefits in their capacity as a trustee for the year ended 31 st March 2025 nor for the year ended 31 st March 2024. Trustees. expenses There were no trustees, expenses paid for Ihe year ended 31st March 2025 nor for the year ended 31st March 2024. 11. STAFF COSTS 2025 2024 Wages and salaries Social security costs Pension 257,686 18,209 6,943 213,485 13,908 4,319 282 838 231,712 Page 18 continued.
Lincolnshire Rural Support Network Notes to the Financial Statements - continued for the year ended 31st March 2025 11. STAFF COSTS - contlnued The average monthly number of employees during the year was as follows: 2025 2024 Case worker Nurses Management Administrator Health and well-being lead 12 10 No employees received emoluments in eXs$ of £60,000. 12. TANGIBLE FIXED ASSETS Market equipment Computer equipment Totals COST At 1 st April 2024 Additions Disposals 18,198 7.598 854 25,796 854 At 31 st March 2025 17,750 26,202 DEPRECIATION At 1st April 2024 Charge for year Eliminated on disposal 13,899 4,299 7.598 142 21,497 4,441 Al 31st March 2025 7,740 NET BOOKVALUE At 31st March 2025 712 712 At 31 st March 2024 4,299 13. FIXED ASSEf INVESTMENTS Listed investments MARKET VALUE At 1st April 2024 Addilions Disposals Revaluations 711,399 172,106 (188,634) At 31st March 2025 703,224 NET BOOKVALUE Al 31 st March 2025 703,224 At 31st March 2024 711,399 Page 19 continued...
Lincolnshire Rural Support Network Notes to the Financial Statements - continued for the year ended 31st March 2025 13. FIXED AssEf INVESTMENTS - continued Cost or valuation at 31 st March 2025 is represented by: Listed Investments Valuation in 2025 703,224 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors Prepayments 122 11,550 28,614 5,387 11,672 34,001 15. CASH AT BANK 2025 Total funds 2024 Total funds Current accounl Deposit accounts 19,714 402,139 9,989 209,598 Total 421853 219,587 16. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Accruals Deferred income 21,025 18.947 79,462 120,478 98,409 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 activities or expenditure to be incurred in a future period. Page 20 continued...
Lincolnshire Rural Support Network Notes to the Financial Statements - continued for the year ended 31st March 2025 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted fund funds 2025 Total funds 2024 Total funds Fixed assets Investments Current assets Current liabilities 712 224,453 433,525 120 478) 712 703,224 433,525 120 478) 4,299 711,399 253,588 98,409) 478,771 538 212 478 771 1016,983 870,877 18. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 530.216 7,996 538,212 Restricted funds Grants towards health screening and NHS contracts Grants towards training Prlnce's Countryside fund Rural mental health Grants towards management 54,765 47,419 53,856 172,893 (50,458) 5,885 4,307 53,304 53.856 367,304 194,411 11728) 340,661 138110 478 771 TOTAL FUNDS 870,877 146,106 1016,983 Net movement In funds, included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds General fund 246,257 {246,614) 8,353 7,996 Restricted funds Grants towards health screening and NHS contracts Grants towards training Rural mental health Grants towards managemenl {50,458) {2,544) (75,694) 55 978) (50,458) 5,885 194,411 11,728) 8,429 270,105 44,250 322,784 184,674) 138110 TOTAL FUNDS 569,041 431,288) 146 106 Page 21 continued...
Lincolnshire Rural Support Network Notes to the Financial Statements - continued for the year ended 31st March 2025 18. MOVEMENT IN FUNDS - contlnued Comparatives for movement In funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 434,755 95,461 530,216 Restricted funds Grants towards health screening and NHS contracts Granls towards training PrIn'S Countryside fund Rural mental health Grydnts towards management 94,353 51,157 48,856 69,090 19,801 (39,588) {3,738) 5,000 103,803 54,765 47,419 53,856 172,893 11,728 283,257 57,404 340.661 TOTAL FUNDS 718,012 152,865 870,877 Comparative net movement in funds, induded in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 216.371 (174,739) 53,829 95,461 Restrlcted funds Grants towards health screening and NHS contracts Grants towards Iraining PrIn'S Countryside fund Rural mental health Grants towards management 11,337 3,160 5,000 171,745 53,144 {50,925) {6,898} (39,588) {3,738) 5,000 103,803 (67,942} 61,217) 244,386 186,9821 57,404 TOTAL FUNDS 460,757 361,721) 53,829 152,865 Page 22 continued...
Lincolnshire Rural Support Network Notes to the Financial Statements - continued for the year ended 31st March 2025 19. RELATED PARTY DISCLOSURES The charity paid £3,312 (2024 £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 23