Company registration number.. 08293679
Chariiy registration number.. 1169071
Lincs Inspire Limited
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year End8d 31 March 2025

Lincs Inspire Llmlted
Contents
Reference and Administrative Details
Trustees, Report
2to6
strategic Report
7t011
statement of Truslees, Responsibilities
12
Independent Auditors, Report
13to15
Consolidated Statement cf Financial Activities
16to17
Consolidated Balance Sheet
18
Balance Sheet
19
Consolidated Statement of Cash Flows
20
Notes to the Financial Statements
21to45

Llncs Inspire Llmlted
Reference and Administrative Del'ails
Chairman
M Towle
Trustees
A Bird
C Lumley
l Keal
l Reekie
M Hodson
Secretary
R Marshall
Senior Management I
Leadership Team
S Wells, CEO
D Huddleston, Finance Director
C Williams, General Manager
R Topliss, Contracts and Performance Manager
T Bratton, HR 3ncl Compliance Director
Charity Registration Number
1189071
Company Reglstratlon Number 08293679
The charity is incorporated In England.
Bradley Football Development Centre
Bradley Road
Grimsby
North East Llncolnshire
DN37 OAG
Registered Office
Auditor
Forrester Boycl Robson Limited
26 South Saint Mary's Gate
Grimsby
North East Lincolnshire
DN311LW
Bankers
Barclays Bank plc
1 Churchill Place
London
E14 SHP

Lincs Inspire Limited
Trustees, Report
The following Iruslees report covers Ihe financial year ending 31 March 2025 and is the 12th corrpany report
following its commen¢8ment on 1 April 2013,
The truslees are pleased to present their annual directors, report together with the consolidated financial
statements of the chatity and its subsidiary for the year ending 31 MarGh 2025, which is also prepared to meet the
r6quiremenls for a directors, report and accounts for Companies Act purposes.
The financial statements comply with the Chatities Act 2011, the Companies Act 2006, the Memorandum and
Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Stand8rd applicable in
the UK arid Republic of Ireland IFRS 1021 {effective 1 January 20191.
Lincs Inspire Limited is an independent, not for profil Company, set up lo deliver a range of community services
including sport, leisure, and cuttural sewices, princip811y provided in and around Lincolnshir8,
The following report concentrates on the financial year 2024-2025. The company was incorporated on 14
November 2012, commenced t￿dIng April 2013, and a¢hiev&d registration as a Gharity with the Charily
Commission on 7 September 2Q16.
Objectlves and actlvltles
Purpose of the Charity
Lin¢s Inspire is committed lo helping local people achieve their aspirations, stay active, slay well, and enjoy lrfe to
the full.
Our Alms & Objectives:
Be Customer Focused in all we do- helping our community to be more active, heaFthy and resilient,
Be Inspiring through creativity, lifelong learning, and cultural exploration.
Be Better - more effective and agile, enabling us to put our resources where th&y achieve the best community
impact.
y Dellverlng innovative services and pi'oducts that increase partlClP8tion and respond lo customer need.
By Developing our workforce to support the business, alongside growing talent and offering opportunity.
y Measurlng anc] managing risk and resources, with good governance that supports resilience and sustainability
What Matters to Us..
Putting our customers first and making a social difference through increasing positive community engagement.
Achieving direct well-being impacts for all our users.
Working with local partners, providing employment and training opportunities. and being environmentally
responsible.
P8ge 2

Lincs Inspire Limlted
Trustees. Report
What We Do
Lincs Inspire delivers a wide range of seNi¢es. focusing on..
• Sports and adive leisure serwces for all ages and abililies, helping everyone to stay active and be healthy,
Comrnercial aclivilies that help us lo cross-fund community facilities and activities tsrgeting improved health,
mobilty, and overall wellness,
Grant funded opportunities that enable us to make a difference within our ¢ommunitigS.
Uplifting, inspiring and thought-provoking live entertainment, and cultural experiences, widening engagement and
attracting new audiences.
• FriendEy and accessible public library and archive services that support a love of literature and leaming, alongside
a wide range of community services.
Public ben8fit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Acl 2011 to have
due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Fundraislng dlsclosuros
The charity does not us8 any external fundraisers. All fundraising undertaken during the year was monitored by the
Trustees.
Structure} gov8rnance and management
Nature of governlng document
Lincs Inspire Limited is a registered Charity (Na.11 S9071) which was incorporated on 14 November 2012. It is a
company limited by guarantee and is governed by its Memorandum and Articles of Association.
Recruitment and appointment of trustees
When r8cruiling new trustees, the company applies a process of application and inl8rview. Following which all
appointments are subject to final proposal at th8 appropriate following board meeting, a vole is undertaken, and tlie
appointment duly recorded.
By virtue of its Articles of Association (ils governing document), all members of the charity are also trustees and
directors. The board cf trustees meet whenever required but no less often that once per quarter to review the
charity's performance, governance and lo support strategic planning for future developments and the sustainability
of the charity. In addition, 8 sub-committee is also in place to consider specific areas of governance when required,
this includes regular reviews of financial performance.
At all board and sub-committee meetings declarations of interest are recorded where relevanl and in the eveiit of a
conflict, the trustee would be required lo leave the meeting and take no part in any related decision-making
process.
The Articles of Association ref16Ct the use of virtLtal meeting platforms, enabling discussion and decision making to
b8 flexible. The board however endeavours to meet in person with all board meetings during 2024125 conducted
face to face for majority (quoralel attendance. however including occasional online attendance to accommodate
trustee availabilily.
Induction and training of trustees
New trustees also undertake a process of induction including familiarisation with the charity's aims and objectives,
overview of policies and procedures, understanding of roles and responsibilities and an introduction to key
seNic6s, fa¢ililies, and senior staff,
Page 3

Lincs Inspire Limited
Trustees, Report
Organisational structure
Day to day inanagement of Lincs Inspire Limifed is delegated to tlie Chief Executive- Ms S. Wells.
Finance and governance is managed by th@ Finance Director, Mr D Huddleston.
The HR and Compliance Director is Ms T Bratton.
Company Secr6tsry continues to be Mr D. Marshall.
External Auditor is Forrester Boyd.
Banl(ing Servic,e$ are provided by Barclays Bank Plc.
Governance
Charlty trustees..
Trustee Name
Office Ilf any)
Dates acted if not for
whole year
Whol6 year
Whole year
Whole year
Whole year
Alan Leslie Bird
Mark Hodson
Irene Kea1
Charles Lumley
Malcolm Reginald Towle
Chair of Trustees from 17 July 2017 to
present date
Whole year
lan Reekie
Wliole year
At the Charity's Annual Gen8r81 Meeting in September 2024, it was resolved that Mr Malcolm Towle was re-elected
as Chair of the Board of Trustees until the 2025 AGM, Mr Towle's continued chaimianship of the charity and
comrTlitmenl to the ongoing development of its s@rvic85 and those of Ihe company's subsidiary too is valued and
apprecialed by fellow board memL)ers.
Page 4

Lincs Inspire Lirrilted
Trustees, Report
Existing Governance:
There are. no truste&s holding title lo property belonging to the charity.
There are no funds Field as custodian trustees on behalf of others.
All key Charity Commission guidance documents are formally reported lo the Gharity trustees who are also
encouraged lo visit the Charity Commission website and to raise issues internally within the charity via the Chief
Executive or via the Gompany Secretary.
In relation to the Charity Commission's specific guidance on pulylic benefit, the trusleFJS understand the essential
requirement that for a purpose to be charitable it must comply with the following two tests, namely..
(al it must be beneficial, and any detriment or harm that results from th8 purpose must not oulweigh the benefit
I'the benefit aspect,),. and
(b) it niugt benefit the public in general, or a SLilficient section of the public {'the public aspect'l.
The trustees also recognise that a charitsble purpose may only benefit individuals or oth8r legal entities lo an
extent that is no more than incidental to the furtherance Df the charitable purpose.
The Charity Commission's guidance has been seen by all trustees.
'rhe trustees hav6 cre2t8d a struGture which separal&s all aclivities that romply with the above tests from those
that do not, Those that do not, unless the incidental benefit exemption applie.s, are wholly r&s&￿ed to th6 trading
subsidiary.
The Charity al80 submitted its annual Confirmation Statements in November 2024, and thi8 was required to include
a statement relating to People with Significant Control (Regulations 201e). The purpose of which is to list
individuals with 'significanl control" over cornpani8s, including charitiès and limited liability partnerships, to increase
the transparency of corporate structures and to identify those able to @xercise, or actually exercising, significant
control.
It was concluded that the PSC Register for Lincs Inspire COLild not identify any individual with significanl, control. In
terms of Lincs Inspire Venues & Enterprises (subsidiary ¢ompany}, it was also confirmed that the entry for the PSC
Register recorded the company knows, or lias reasonable cause to believe, that there. is no registrable person In
relation to the company."
Trading Subsidlary..
2024125 was the eighth year of trading for Linc.s Inspire Venues & Enterprises Limited (LIVE), a not-for-profil private
limited Gompany set up as o trading subsidiary, specifically to operate the Grimsby Audilorium and, possible other
commercial ventures where trading is not ancillary to a core charitable activity.
Lincs Inspire Venues & Enterprises Limited continues to operate through its own board of direclors, including
representation from the main board of trusteets for Lincs Inspire Limitpd, and Iriee15 on a quarterly basis to review
the sl'rategic operation of the coimpany and its ongoing support to th& charity.
The board of directors walcomed Annabelle Alzalam to the board of LIVE at the December 2024 board meeting.
Annabelle brings a weallh of local knowledge and expertise within thè areas of dance and stage crafl, especially
working with young people.
In addition. Mark Hodson, Charles Lumley and lan Reekie. directorsltrustees of Lincs Inspire Limited also joined
the LIVE board of directors in September 2024. supporting I'he Gontinued close working across both organisations.
Page 5

Lincs Inspire Llmited
Trustees, Report
Employment of disabled p6r50ns
Linrs Inspire Limited and its trading subsidiary Lincs Inspire Venues & Enterprises Limited will employ disabled
persons when Ihey appear to be sultable for a particular vacancy and every effort is made to ensure that they are
given full and fair consideration when such vacancies arise.
During employment Lincs Inspire Limited and its trading subsidiary Lincs Inspire Venues & Enterpri8es Limited
seeks to work with employees, considering their personal circumstances to 6nsure appropriate training,
development and advancement opportunities are available to enable them to reach their full potential.
Employee Involvement
Lincs Inspir8 Limited and rts trading subsicliary Lincs Inspire Venues & Enterprises Limited encourages the
involvement of ils employees through regular management and team meetings, and the dissemination of
information of particular concern to employees and for ￿CeIVing th6ir views on important matter5 of policy.
Disclosure of information to audltor
Each truslee has taken st8PS that they ought to hav& taken as a trustee in order to make themselves aware of any
relevant audit infomation and to establish that the charity's auditor is aware of that information. The trustees
confirm that there is no relevant information that they kriow of and of which they know the auditor is unaware.
The annual report was approved by the trustees of the charity on 8 October 2025 and signed on ils behalf by..
M Towle
Chairman
Page 6

Lincs Inspire Limited
Strateglc Report for the Year Ended 31 March 2025
Achievenients and performance
We end 2024-25 with plenty of p08itive resu118, including our overall customer engagements increasing by over 58k
to an amazing 1.318m. Of special note is our 6 year all time high attendance levels at the Auditorium and given the
slow climb back from being the last industry seclor to réopen following the pandemic, this is a very pleasing resull.
How@ver, there is no shortage of challenges going foward. We are very mindful of Ihe financial pressures
households are under and the n$ed to offer great value for money. Our efforts musl be focused on the quality of
seNice we provide, meeting customer demand and being the first choice in a competitive markelplai'e. This can
only be achieved through slability of our workforce, efficient operalions, and a corltinued commitment to encourage
and support our communities to bf) healthy and activo.
2024125 Performance Impact at a glance
Leisure Centre participation increased by c70/o compared to the previous year, retaining a stable level of
members and pay as you go customers. Most notable are8 of participant growth bein9 across our 85+ age
range, which is great to see.
Over 117k swim lessons were provided, which is 3.50/u ahead of the previous year. The ongoing training of
new swim teachers conlinues to be a priority, to support our aspiration that every child in the borough sliould
have access to lessons and water safety advice.
Bradley Football Developnient Centre recordsd over 147k adult and junior engagements, Whist this is
slightly down on th6 previous year, it 18 a strong parform8nce when considering the in¢re85ing local
competition.
Grimsby Auditorium delivered 162 performances with over 98k attendances, the highest attendaiice levels in
six years, reflectwe of a very diverse programme of showslevents appealing to our local and catchment area
audiences.
Libraries continued to increase footfall and use of s&iv1¢68, wilh a 40/0 increase in visits aquating to over 173k
books being issued and over 24k attendances at events and activities.
Over 257k visits to the Whisby Natural World Centre throughout the year, which is a drop on the previous
year. How&ver improvement works during Q4 did impact on visitor numbers, and going fotward tlie refreshed
children's outdoor facilities will hopefully giv& a boost to the start of 2025126. In addilion, the venue hil an
amazing NPS score of 100, d¢rronstrating a very high level of customer satisf8Ction.
Performance hl9hllghts'
Positive Activities - we start&d the ye8r with KGV AthletiG Stadium launching an Urban Art Wall and Skate Ramp -
two new free to access services (supported by the PCC community fund). Both activities have been well received
wilh skaters using the ramps every night since opening and the Art Walls are now well known for their dynamic
eye-catching work by aspiring urban artists.
Our Health Improvement Journey during 2024125 we have increased our Health Improvement te£m, with the
h8lp of a National Lottery gr8nt. This has enabled us to recruit and train Fitness I nstructors who Ihemselves have
lived experience of life changing health Conditions. In addition, we have developed a volunteering programme that
will support adults thal live alone and need a little extra help to engage with our programmes, due to launch eady
2025126. In addition, this work will also support hospital discharge teams and enable vulnerablfA residents to
continue their physical activity and recovery.
Referrals by health professionals during 2024-25 continued with over 1,200 people benefiiing from the Active
Forev&r referral programme available acro$8 all our leisure venues.
Page 7

Lincs Insplre Llmited
Strategic Report for the Year Ended 31 March 2025
Llbrarles & Publ1¢ Archives
our Library Service continues lo extend its support for children with special
educational needs, with sensory senJic&s and adapted activities for children with hearing and visual impairment
being valued by both children and parents. Complemented by school holiday atstivitieg provided via the HAF grant
funded programme that &nsures an enriched experi6nce with choices to match educational need.
A highlight during Q3 was the success of an inspirational young volunteer, with leaming difficLJlties, who joins us
each week from Linkag6 College. Alisha helped to create our sensory room at Cleethorpes Library, and was
Noirinaled by us for the 'Oulstanding Volunteer, category within the national 'Seriously Social, awards. Alisha
made il to the final three and attended a glitzy awards ceremony in Manchester. Fabulous achievement overcoming
so many hurdles.
Sports Development - has seen a 13.5% increase in engagement with schoolslschool children, through the
'Bikeabilily' programme supporting safe cy¢ling, and attendance at after school and school holiday activities. Most
nolably school PE support has seen a significant uptake.
Grlmsby Audltorium the venue has had a very positive year with increased performances and attendances
made possible through a very diverse programme of activities, somelhing for the whole family. Including relaxed
performances supporting a wide range of health conditions, an ever-popular pantomime with over 17k attendances
and a continuing FL4F grant funded programme that enables children from low-income families to experience live
theatre during school holidays.
Whlsby Nalural World Centre - whilst patronage has dipped this year, there arg a number of factors impacting on
this, including improvement works to the facilities and the continuing financial pressures felt by all. We are pleased
to contlnue working with North Kesteven District Council, who are supportive of these challenges and working with
us to make infrastructure chang88 that will support a more sustainable seNice. Going into 2025126 we 8re
confident that refreshed children's outdoor facilities will be well supported.
Marketing & Communications:
Our marketing campaigns continue to utilise a wide range of platforms, including radio and TV advertising,
alongside targeted social media channels. This ensures we reach a wide audience, h@Iping lo increase
participation.
Highlighting user experiences and customer goals and achievernents continues resultillg in positive feedback and
on occasion interest by national media channels. During 2024125 8 number of n8tionaUindustry specrfic publicat'ions
have highlighted our work and especially the achievements of our customers completing our health referral
programmes.
During 2024125 work has been undertaken to produce video guidgs to many of our facilities, demonstrating
accessibility and hopefully giving confidence to those less confident. These are due to be launched early 20?.5128
and form part of our Active Forever Nation81 Lottery giant funded programme.
stafflng:
Employée numbers have remained relatively stable throughout the year at c. 460 l¢ombined full-time, part-time and
casual staff) our FTE level is c. 180 staff. Certain areas of recruitment remain challenging due to skills shortages.
However a proactive approach to building internal and external Irainirig opportunities is starting to produce posilive
results.
Our work experienc6 programme continues to grow, especially supporting young people with learning difficulties
and across all our services.
Development of oiir workforce continues lo be a key priority, and the ctiarity provides a wide range of opportunilies
from traineelapprenliceships through to the attainment of nationally recognised qualificatioiis.
Page 8

Llncs Inspire Limited
Strategic Report for the Year knded 31 March 2025
In addition, a range of vocalional training and awargn@ss raising oppartunit16s are provirled both internally and
exlernally, supporting the needs of our different sectors.
A mandalory training programm8 also supports new recruits, alongside ref'resherlCPD training for existing staff, for
example Fir81 Aid at Work, ISOH {managing health and safety), Manual Handling, Working at Heights etc.
A well established cornpanywid8 'Annual Performance & Development Review, programme takes place each year,
supporting individual's personal development and exploring job performance. In addition we also carry out insight
sutveys, providing further opportunity for stsff lo share feedbacklrai5e awareness,
The Ghan'ty submitted its aiinual Gender Pay Gap report on I'iime, highlighting a balanced workforce where pay is
based on Ilie role and its requirements, with all job descriptions evaluated 8nd aligned to an appropriate pay grade.
Risk Management
Heatth and Safety..
The charity continues to actively promote good health and safety practice. This includes investment in staff training,
both formal accredited training (such as IOSH Managing Safely t'raining) through to general health and yafety
awareness raising.
Health and safety audvcs have continued throughout 2024125 with a continued focus on ensuririg our facilities
remain safe and accessibl8 for slaff and customers. Board meetings include a standing agenda stein, providing a
dashboard for health and safety performance. In addition, nominated health 8nd $8fety representatives from each
service area meet regularly.
Within our health and safety remit we also encompass s8fegu8rding, wvhereby the company Health and Safely
Officer is also the designated Safeguarding Officèr, supporting proactive awareness rai8ing across all venues and
conlinued compliance with safeguarding policies and procedures,
strategi¢ Risk.
The management of risk forms part of our daily operation8, including risk assessmenls and safe systems of work.
Reviews are regularly undertaken and outcom&s rai8@d at bolh ￿lanagement me&tings and board meetings where
eppropriate. All managers have responsibility for raising n'sk related concerns eitlier immediatety with the chief
exeLutive or as part of the monthly cycle of senior management team meetings.
The board of trustees review the compan15 Strategic Risk Register on a regular basis. In addition, an AssuranL6
Map is produced and signed off by the board. Managing risk is an ongoing process, and is the responslbility of all
staff, voluntee18, and trustees.
The overall risk appetite that the board of trustees consider appropriate in relation to business decisions continues
to be, an 'Open' appetite, This means that Ihe board is prepared to consider all delivery options and will select thosè
with the highesl probability of productive Dutcomes. However, an excoption to this would arise where an aclivily has
health and safety or safeguarding risks, wher&by the appetite would reduce to 'Averse'.
Flnanclal Revlew
2024125 Review:
Our main Sources of Inc,ome,' leisure memberships ¢ind theatre ticket sales ended the year broadly in line with
budget and target setting, despite the ongoing increase in the cost of goods and services. We continue to deliver
against our grant funded projects and have a proactive approach to applying for suitable grant funding as it arises.
Price increases have been unavoidable,, however, we do our best to ensure these are affordabl@ and remain
competitive, Ideally seeking grant funding opportunities to support the delivery of subsidisedllow-cost actrvities that
support our most vulnerakile residents.
Pricing Policy..
Annual priGe reviews and any r8sulling increases are consider&d and aoreed by Ihe Soard of Truslee8, taking imto
consideration Cufrenl inflationary rates, cost of supply and conipetitor analysis. In certain cirGum8tanGes in-year
increases may be applled, especially in relation to increasing costs associated with food and beverage sales.
Pag& g

Lincs Inspire Limited
strategic Report for the Year Ended 31 March 2025
Principal Funding Sources..
As noted, the principal funding sources are from admission and usage income, supported by contract income from
North East Lincolnshire Council and North Kesleven District Council. In addition, Several restricted funds arise from
grants that have been secured to support specific objectives.
Approa¢h lo Inveslment..
The board of trustees review keylstrategic investment proposals, 85 and when presented, considering overall cost
against lifetime benefit and compatibility with our charilable purpose. Investment in equipment and operating
systems is considared Ihrtsugh the development of business cases and presentation of options. Procurement is in
accordance with the charity's procurement procedures and a commitment to achieve best value. The board of
trustees approve an annual ¢apilal programme bssed planned expenditure.
The charity continues to benefit from the use of procurement frameworks and where practical collaborative
purchasing, for example, working in partnership with other regional library seNices for the collective purchasing of
library books.
The charity does not hold any external investments or plan to undertake any investmenls outside the core delivery
of its services.
Included wilhin our environmental commitments is an aim, where possible, to utilise local suppliers, to re-use and
recycle, and to carefully mariage utility use.
Financial Reserrfes
Th6 board of trustees have considered their approach to holding reserves and to date the level cash wilhin the
organisation has not been sufficient to enable the creation of any long-tenrj r&s&rve8.
However, as a charity short to medium term reseNes are in place, some of whlch are linked to restricted funds and
compliance with grant funding conditions. Unrestricted funds are also held to support known future investment
requirements, for example the replacement of vehicles or gym equipment.
Where practical to do so, the charity does have the option to hold funds within accounts attracting higher interest
rates, based on a given notice lo withdraw period.
The charity also holds bondlguarantor arrangements provided by North East Lincolnshire Council in support of a
public sector pensions risk arising because of tr8nsferred s&rvices.
A re¥erves policy is in place and reviewed from time to time to ensure effectiveness.
Th6 charitable group's year started with unrestrided funds of £2,312,072 surplus. Unrestricted incoming resources
were £10,235,108 (2D24.' £9,391,711). Unrestrictecl resources expended amounted to £9,770,333 {2024-
£8,907,946), Actuarial r8-measurement loss on the defined benefit scheme was a deficit of £153,000 (2024.
£134,000 deficill and a transfer to restricted funds of £6,641 (2024. £nill left a surplus of £2,617,206 (2024:
£2,312,072}. This inclLides a pension asset of £nil. In the instance of the pensicin being in a liability position, this is
guaranteed by North Easl Lincolnshire Council.
Restricted reserves stand al £481,456 (2024: £352,688) of which £97,727 (2024.. £128,198) relates to amounts
already expended on fix&d ass8ts.
Total reseNes stand at £3,098,862. Free reserves, which excludes the pension surplus, reslricted funds and
amounts which can only b8 r621ised by disposing of fixed assets stand at £2,147,940 surplus.
The trading subsidiary, Lincs Inspire Venues & Enterprises Limited, had net funds al the year end of £187,628,
made up of restricted funds of £322,870 surplus and unrestrictad funds of £135,042 deficit. This is after incurring an
in year profit before tax of £113,541.
The charity itself had a net position of £2,911,034 made up of restricted funds of £158,786 and unrestricted funds
of £2,752,248. This is after incurring an in year surplus of £354,324.
Page 10

Lincs Inspire Llmlted
Sti'ategic Report for the Year Ended 31 March 2025
Plans for future perlods
To ensure our continued business viability we aim to increase participation, introduce new services that support our
aims, and to ralionalise those services that no longer meet the needs of the business or arÈ no longer affordable,
Most importantly, we will continue to develop our workforce to In6et these demands.
Summary of current development activity..
Health Improvement programme - continued developmer)t of our grant funded programn)es that aim to support
transitional pathway5 from assisted exercise into more mainstream activities, In addition, new heatthy weight
management piogrammes cumbining light exerc,ise and t8rgeling participants who are managing long-teriii health
conditions where a healthy weight may be more challenging but clearly beneficial to overall health.
Investment In gym equlpinent ~ Continued investment in our equipinent on a rolling replacement and upgrading
basis, with our latest investment being directed towards resistancelstrength gym equipinent with a particular focus
on accessible equipment to support all users, especially those with a disability or long-term health condition.
Llbrarles transltlonal development - in response to the temporary loss of usage ot the central library building
from the final wegk in March 2025, create opportunities for conlinued service delivery and customer engagement,
trialling new more agile ways of working alongside supporting the local council with its review and future strategy
for the servlce,
Explorlng envlronmental and efflclency improvements working in partnership to unlock fundinglinvest ID
save opportuni116s, alorig8id& a continuous review of operating systems, enabling savings and reducing carbon
foolprinls. We will continue to develop the role of our site based environmental ambassadors, encouraging energy
and operational efficiencies.
Reviewing business systenvJ improve levels of automationlredLice manual intervention. alongsid& developing
our customerfacing systems to streamline processès and payments.
Innovatlve recrullmerit and training - exploring wider opportunities for in-house training services supporting
tailoi-ed appr6nticeltraiiiee opportunities 8nd the launch of 'learn while you earn, programmes to address some of
the most challenging areas of recruitment.
Summary
2024-25 d6mc>nstrat8s plenty of positive r85ults, including our overall custonier 8ngagements increasing by over
58k to an aiiiazing 1.3t8m. Of special note is our 6 year all time high attendance levels at the Auditorium and giv&n
the slow climb bac1< from being the last induslry sector to reopen following the pandemic, this is a very pleasing
rasult.
However, there is no shortage ol challenges going fonmard, We are very mindful of the financial pressures
households are under and the need to offer great value for money. Our efforts must be focused on the quality of
service we provide, meeting customer demand and being the first choice in a competitive marketplace. This can
only be achieved through Stability of our workforce, efficlent operations, and a continued commitment to customer
serviGe.
Our business planning looks lo the future and new opportunities, at the same tiire protecllng the core business to
ensure we continue to be able to deliver servires that have a positive communty impaGt. We remain committed to
supportiiiq health and wellbeing and encouraging our community to slay active and enjoy lif@,
We are also proud of our workforce and will continue to invest in their development, alongside embedding a cultLire
of kiiidness and a working environment that supports openness and engagement.
We want both our staff and customers to have the best possible experience when they engage with Lincs Inspire.
The strategic report was approved by the tnjslees of the charity on 8 October 2025 and signed on ils behalf by.
M I'owle
Chairman
Pag8 11

Lincs Inspire Limlted
Statement of Trustees, Responsibilities
The trustees {who are also the directors of Lincs Inspire Limited for the purposes of company law) are responsible
for preparing the trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland
Company law requires the Iruslees to prepare financial statements for each financial ye8r. Under company law the
trustees musl not approve the financial statements unless they are satisfied that they give a Irue and fair view of
the state of affairs of the parent charitable company and the group and of the incoming resources and application of
resources, including its income and expenditure, of the charitable group for that period. In preparing these financial
statements, the trustees are required to..
select suitable accounting policies and apply them conslstently.,
observe the methods and principles in the Charities SORP.,
makejudgements and estimates that are reasonable and prudent.,
slate whether 8pplicable accounting standards, comprising FRS 102 have been followed, subject to any
malerial departures disclo¥ed and explained in Ihe financial slatements., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the parent
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose wlch reasonable accuracy at
any time the financial position of the parent chafltable company and the group and enable them to ensure that the
financial statements comply with the Companies AGt 2Q06. They are also responsible for safeguarding the assets of
th& parent charitable company and the group and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The trustees are responsible for the malntenance and integrity of the corporate and financial information included
on the charitable company's website. Legislation governing the preparation and dissemination of financial
statements may differ from legislation in olher junsdictions.
Approved by the trustees of the charity on 8 October 2025 and signed on its behalf by..
M Towle
Chairman
Page 12

Lincs Inspire Llmlted
Independent Auditor's Report to the Members of Lincs Inspire Limited
Opinion
We hav8 audited the financial stalements of Lincs Inspire Limited (the 'char5table parent company'l and its
subsidiaries (the 'group') for the year ended 31 March 2025, which comprise the Consolidated Stalemenl ol
Financial Activities, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Cash Flows and
Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparstion is United Kingdom Accounting Standards, comprising
Charities SORP - FRS 102 'The Financial Reporting Standard applioablo in the UK and Republic of Ireland, and
applicable law (United Kingdom Generally Accepted Acoounting PraGtic8}.
In our opinion the financial statements..
give a true and fair view of the state of the group's and parent charity's affairs as at 31 March 2025 and of its
incoming resources and application of resources, including its income and expenditure, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS IUK)} and applicable
law. Our responsibilities under those standards are further described in the auditor respoiisibilities for the audit of
the financial statements seclion of our report. We are independenl of the group in accordance with th6 ethical
requirements that are relevant to our audit of the financial statements In the UK, including the FRC'S Ethical
standard, and we have fulfilled our olher elhical responsibilities in accordaiice with these requirements. We believe
that the audit evidentte we have obtained is sufficient and appropriale to pravide a basis for our apinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees use of the going concern basis of
accounting in the preparation of the financial statements 15 appropriate.
Based on the work we have performed, we have not identified any material untsrtainties relating to events or
conditions that, individually or colle¢tively, may cast significant doubt on the yroup's ability to continije as a going
concern for a p8riod of at l&ast twelve months from when the original financial stalements were authorised for
issue.
Our responsibilities and the responsibililies of the trustees wth respect to going concern are described in the
relevant sections of this report.
Othor information
The trustees are responsible for the other infomialion. The other infomiation comprises the information included in
th8 annual report, olher than the financial statements and our auditorfs report thereon. Our opinion on the financial
statements does not cover the other information and, except to the extent othetwise explicitly stated in our report,
we do not express any form of assurance conclusion tliereon,
In connection with our audit of the financial statemenls, OLir responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or Othe￿1$e appears to be materially misslated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether there is a material
misstatement in the financial statem&nts or a material misslatement of the other information. If, based on the work
we have performed, we conclude that there is a materi81 misstatement of this other inforrmation, we are required to
report Ihat fact.
We have nothing to report in this regard.
Opinion on other matters prescrlbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audil..
the infomialion given in the Strategic Report and Trustpes, Report for the financial year for which thè financial
statemenls are prepared is consistent with the financial statefflents, aiid
Page 13

Lincs Inspire Limited
Independent Auditor's Report to the Members of Lincs Inspire Limited
the Strategic Report and Truslees, Report have been prepared in accordance with applicable legal
requiremenls,
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the group and the parent charitable company and its
environment obtained in Ihe course of the sudit, we have not identified material misstatements in the Strategic
Report and the Trustees, Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report
to you rf, in our opinion..
adequate accounting records have nol been kept by the parent charitable company, or returns adequate for our
audit have not been received from branches not visited by us., or
the parent charitable company financial statements are not in agreement with the accounting records and
retums; or
certain disclosures of trustees remuneration specified by law are not Made- or
we have not received all the information and explanations we require for our audtt.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities (sel out on page 12), the trustees are
responsible for the pr&paration of the financial stslements and for being satisfied that they give a true and fair view,
and for such internal control as the trustees determine is necessary to enable the preparation of financial
statements that are free from material misststement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a
going concern, disclosing, as applicable, matters related to going concern and using the going conc8rn basis of
accounting unlsss th6 truste8s eith6r inlend lo IiqLtidate the charity or to cease operations, or have no realistic
allemative but to do so.
Auditor r8sponsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, wh8th&r due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is 8 high level of assurance, but Is not a guarantee that an audit conducted in accordance
with ISAS {UK) will always deteGt a material misslatemenl when it exists. Misslatements can arise from fraud or
error and are considered material if, individually or in the 8ggregate, th&y could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements,
The extent to which our procedures are capable of detecting irregularities, iiicluding fraud is detailed below:
Discussions with management, including consideration of known or suspected instances of non-compliance held.
Challenging assumptions and judgements made within significant accounting estimates and judgements such as
depreciation.
Identification of key laws and regulations central to the charities operations and review of compliance wilh suc.h
laws including a review of Charities Commission website.
Testing of journal entries and potential override of systems.
Because of the inherent limitations of an audit, there is a risk that we will nDt detect all irregularities, including those
leading to a malerial miSStatem8nl in the financial statements or non-compliance with regulation. The risk increases
the more that compliance with a law Dr regulation is removed from the events and transactions reflected in the
financial statements, as we will be less likely lo become aware of instarices of non-compliance. The risk is also
greater regarding irregularities occurring due lo fraud rather than error, as fraud involves intentional concealment,
forgery collusion, omission or misrepresentation.
Page 14

Lincs Inspire Llmlted
Independent Auditor's Report to thp Members of Lincs Inspire Limited
Use of our report
This report is made so181y lo the charitable parent company's trustees, as a body, in accordance with Cliapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the gi-oup'$
trustees those matters we are required to State lo them in an auditor's report and for no other purpose, To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable
parent company and it8 trustees gs a body, for our audit work, for this report, or for the opinions we have formed.
Carrie Anne Jensen ACA (Senior Statutory Auditor)
For and on behalf of Forrester Boyd Fiobson Limited, Statutory Auditor
26 South Saint Mary's Gate
Grimsby
North East Lincolnshir&
DN31 1LW
8 October 2D25
Pagfa 15

Llncs Insplre Llmited
Consolidated Staternent of Financial Activities for the Year Ended 31 March 2025
(Including Consolidated Income and Expenditure Account and Statement of Total
Recognised Gains and L05ses)
Unrestricted
funds
Restricted
funds
Total
2025
Total
2024
Note
Income and Endowments from:
Donations and legacies
Charitable activities
other trading activities
Inveslment income
other income
2,236,228
4,746,205
2,758,551
125,813
368,311
289,957
4,769
2,526,185
4,750,974
2,758,551
125,813
435,644
2,588,057
4,205,088
2,377,446
91,898
417,210
67,333
Total incom8
10,235,108
362,059
10,597,187
9,679,699
Expendlture on:
Raising funds
Charitable activities
12,306,457)
7,463,876
(85,0811
154,8511
12,391,538)
7,618,727
{2,050,721)
{7,260,989
Total @xpendilur6
9,770,333)
(239,9321 (10,010,285)
(9,311,710
Net income
Transfers between funds
464,775
{6,641)
122,127
6,641
586,902
367,989
Other recognised gains and losses
Actuarial gainsl (loss@s) on defined
benefit pension schemes
25
{153,0001
{153,000}
(134,0001
Net movement ill funds
305,134
128,768
433,902
233,989
Reconciliation of funds
Total funds brought forward
Total funds carried fopNard
2,312,072
352,688
2.664,760
2,430,771
26
2,617,206
481,456
3,D98,662
2,664,760
Comparativ& figures can be seen on the following page.
The notes on pag&s 21 to 45 form an integral p8rt of these finan¢ial st8tements.
Page 16

Lincs Inspire Limited
Consolldated Statement of Financial Activities for th6 Year Ended 31 March 2025
(Including Consolidated Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestrlcted
funds
Restrlcted
funds
Total
2024
Not8
Income and Endowments from:
Donations and legacies
Chai'itable activities
Other trading activiti8S
Investment incom
Other income
2,369,645
4,198,104
2,377,446
91,898
354,618
218,412
6,984
2,588,057
4.205,088
2,377,446
91,898
417,210
62,592
Total incorre
9,391,711
287,988
9,879,699
Expenditure on:
Raising funds
Charilable activities
(1,970,794)
(6,937,152)
8,907,946
(79,927)
323,837
(2,050,721)
7,26Q,989)
Tolal expenditure
Net incomellexpenditur8)
Taxation
403,784
9,311,710)
483,765
(115,776)
361,989
Other recognised gains and losses
Actuerial gainsl {losses) on defined ben&fit pension
schemes
134,000
134,0OCI
Net movement in funds
349,765
(115,7761
233,989
Reconclliatlon of funds
Total funds brought forward
Tot81 funds carried forward
1,962,307
468,464
2,430,771
26
2,312,072
352,688
2,8fv1,760
The notes on pages 21 to 45 form ai) inteqral part of tFieso financial staterrients.
Page 17

Lincs Inspire Limited
{Registration number: 08293679)
Consolidated Balance Sheet as at 31 March 2025
2025
2024
Note
Fixed assets
Tangible assets
Current assets
Stocks
Debtors
Cash at bank and in hand
17
566,993
588,848
19
20
21
100,022
214,880
3,349,520
3,664,422
980,027
91,439
239,221
2,899,081
3,229,741
1,128,795
Credltors. Amounis falllng due within on8 year
22
Net current assets
2,684,395
2,100,946
Total assets less current liabilities
3,251,388
2,689,794
25,034
Provislons
24
1152,726}
3,D98,662
Net assets
2,684,76D
Funds of the group:
Restricted income funds
Restricted funds
28
481,456
352,688
Unrestricted Income funds
Unrestricted funds
2,817,208
3,098,6e2
2,312,072
2,664,760
Total funds
26
The financial stalements on pag6s 18 to 45 were approved by the trustees, and authorised for issue on 8 October
2025 and signed on their behalf by..
M Towle
Chairman
Th8 notes on pages 21 to 45 form an integral part of t,hese financial statement.s.
Page 18

Lincs Inspire Limited
(Registratlon number: 08293679)
Balance Sheet as at 31 March 2025
2025
2024
Note
Flxed assets
Tangible assets
Inve,stmenls
17
440,124
438,601
440,125
438,602
Current assets
stocks
Debtors
Cash at bank and in hand
19
20
21
81,270
309,531
2,686,289
77,523
324,567
2,326,125
3,077,090
2,728,215
Credltors.. Amounts falllng due within one yèar
Net current assets
22
481,382
{6'10,107
2,.fj95,708
2,118,108
Total assets less currant liabilitie5
3,035,833
<124,799)
2,911,034
2,558,710
Pi'ovisions
24
Net assets
2,556,'710
Funds of tho charlty:
Rostricted income funds
Restricted funds
28
158,788
82,966
Unrestrlcted inconie funds
Unrestricted funds
2,752,248
2,473,744
Total funds
26
2,911,034
2,556,710
No sta18ment of financial aclivilies is presented for the charity as permitted by section 408 of the Companies Act
2006. The charity made a surplus after tax for the financial year of £354,324 (2024~ £180,057).
Th8 financial statements on pages 16 to 45 were approved by the trijslees, and aulhorised for issue on 8 October
2025 and signed on their behatf by..
M Towle
Chairmari
The notes on pages 21 to 45 form on integral part of these financial statements,
Pag6 19

Lincs Inspire Limited
Consolidated Statement of Cash Flows for the Year Ended 31 March 2025
2025
2024
Note
Cash flows from operatlng actlvities
Net cash income
433,902
233,989
Adjustments to cash flows from non-cash items
Depreciation
Amortisation
Investment income
Loss on disposal of tangible fixed assets
RS102 actuarial liability aLljustment
8, 17
200,628
196,179
1,944
191,8981
850
90,000
1125,813)
508,719
431,064
Working capital adjustments
Increase iii stocks
Decrease in debtors
IDecrease}lin¢rease in creditors
Increase in provisions
IDecrease)lincr88se In deferred income
Net cash flows from operating activit168
Cash flows from Investlng activities
Interest receivable and similar income
Purchase of tangible fixed assets
Nel cash flows from investing activities
19
20
22
24
{8,5831
24,341
175,3701
127,692
73,398
(16,418)
28,606
64,559
1,Q31
243,191
503 401
752,Q33
125,813
178,775)
91,898
{313,588
17
52,962
221,690)
Net increase in cash and c8sh equivalents
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March
450,439
530,343
2,899,081
2,388,738
3,349,520
2,899,081
The notes on pages 21 to 45 form an integral part of these financial statements.
Page 20

Lincs Inspire Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Charity status
The charity is limited by guarantee, incorpc)rated in England, and consequently does nol have share capital. Each
of the trustee8 is liable to contribute an amount not exceeding £10 towards the ssset8 of the charity in the event of
liquidation.
Tho address of its registered Office is..
Bradley Football Development Centre
Bradley Road
Grimsby
North East Lincolnshire
DN37 OAG
These financial statements were authorised for issue by the trustees on 8 October 2025.
2 Accounting policies
Summary of signlflcant accounting policie5 and key accountlng estlmates
The principal accounting policies appli8d in the preparation of these financial staternents are set out below. Thes6
policies have been consistently applied to all the years presented, unlgss otherwise stated.
Statement of compllance
The financial btatements have been prepared In a¢cordance with Accounting and Reporting by Charities..
stat8inent 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) (published October 2019)
(Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republlc of Ireland {FRS
1021. They also Comply with the Companies Act 2006 and Charities Act 2011.
Basls of preparation
Linc,s Inspire Limited meets the definition of a public benefit entity under FRS 102. Assets 8nd liabilities are initially
recognised at historical cost or transaction value unless othe￿iSe staled in the relevant accounting policy not8s.
The financial statements are presented in sterling and rounded to the nearest pound.
Basis of consolldatlon
The consolidated financial statements consolidat8 the financial slatements of the charity and its subsidiary
undertakings drawn up lo 31 March 2025.
A subsidiary is an enlity controlled by the chaiTty. Coritrol 1$ achieved where the charity has the power to govem the
financial and operating policies of an @nlity so as to obtain benefits fram its activities.
Inter-company trsnsactions, balances and unrealised gains on transactions bebNeen Ihe charity and its
8Libsidiaries, which are related parties, are eliminated in full.
Intra￿rOUp losse8 are also eliminated but may indicate an impairment that requires recognition in the consolidatecl
financial statements.
Accounting policies of subsidiaries have been changed Whe￿ n8c8ssary to ensure consistency with the policies
adopted by the group.
Going concern
The trustees consider that there are no material uncertainties about the group's abilily to conlinue as a going
concern nor any significant areas of uncertainly that affect the carrying value of assets held by the group.
Page 21

Lincs Inspire Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Judgements
The LGPS valuation returned an asset position in the current year. The actuary provided an asset ceiling paper
which r@strict8d the asset lo £nil. The Trustee8 believe this is appropriate as the asset is not expected to b8
recovered, either through payment or reduced contributions,
Income and endowments
All income is recognised once the charity has entill&menl to the income, il Is probable that the income will be
received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised wh&n the charity has been notified in writing of both the amount and settlement date. In
the event that a donation is SLibject to Conditions that require a level of perfomiance by the charity before the
charity is enlitled to the funds, the income is deferred and not recognised until either those conditions are fully met,
or the fulfilment of those conditions is wholly within the cantrol of the charity and it is probable that these ¢onditions
will be fulfilled in the reporting period.
Grants receivable
Gr8nt8 are recognised when the group has an entitlement to the funds and any conditions linked to the grants h8V8
been met Where performance conditions are attached to the grant and are y8t to be met, the Income is recognised
as a liabilty and included on the balance sheet as deferred income to be released,
Expanditure
All expenditure is rscognised once there is a legal or constructive obligation to that exp&nditure, il is probable
settlement is required and the amount can be measured reliably.
All costs are 811ocated to the applicable expenditure heading that aggregate similar costs to that calegory. Where
costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the
use of resources, with central slaff costs allocated on tho basis of time spent.
Ralslng funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in
trading activities Ihat raise funds.
Charitable actlvities
Lharitable expenditure comprises those costs incurred by the charity in the delivery of ils activities and services for
its beneficiaries. It includes both Costs that can be allocated directly lo such activities and those cosls of an indirect
nature necessary to support them.
Support Costs
Support costs include central fLinclions and hav& been allocated tc activty Cost categories on a basis consistenl
with the use of resources, for example, staff numbers.
Governance costs
These include costs attributable lo the charitls compliance with Gonstitutional and statulory requirements, including
audit, strategic management and trustee's meetings and reimbursed expenses.
I'axation
I'he charity is considered lo pass the tesls set out in Paragraph 1 Schedule S of the Finance Act 2010 and
therefore it mests the definition cf a charitable conipany for UK corporation tax purposes. Accordingly, the charity is
potentially exempt from taxation in respect of income or capital gains received within categories covered by
Chapter 3 Part 11 of the Corporatic)n TaxAct 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to
the extent th81 such income or gains are applied exclusively to charitable purposes.
Page 22

Lincs Inspire Llmlted
Notes to the Financial Stateinents for the Year Ended 31 March 2026
Tanglbla flxed assets
Individual fixed assets costing £1,000.00 or more are initially reLorded at cost.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value,
over their expected useful economic life as follows..
Asset class
Website costs
Amortlsation method and rate
3 years straight line
Depreciation and amortisation
Depre¢iation is provided on tangible flxed assets so as to write off the cost or valualion, less any estimated residual
value, over their expected useful economic life as follows..
Asset class
Gym equipmgnl
ICT Equipment
Plant and equlpmenl
Local history reference books
Hardback books
Paperback books
Children's books
Recordings, radio and visual
Depreciation method and rate
200/0
130
140
250
500
17Q/o
Stock
stock is v81ued at the lower of cost and estivnaled selling price less costs to complete and sell, afl&r due regard for
obsolel& and slow moving stocks. Cost is determin8d using the first-in, first-oul (FIFO) melhod.
Trade debtors
Trade debtors are amounts due from customers for merch8ndise sold or services performed in the ordinary course
of businfyss.
Trade debtors are recognised al the transaction price, less provision for impaimient. A provision for the impairment
of trade debtors Is established wh&n there is objective evidence that the charity will not be able ID collect all
amounts due according to the original terms of the receivables.
Cash and cash aquivalenis
Cash and cash equivalents comprise cash on hand aiid call deposits, and other short-term highly liquid
investments Ihat are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers and are recognised al transaction price.
Provisions
Provisions are recognised when the charity has an obligation al the reporting datp as a result of a past event, it is
probably that Ihe charity will be required to settle that obligation and a reliabl& estimate cam be made of the amount
of the obligation.
Page 23

Lincs Inspire Limlted
Notes to the Financial Statements for the Year Ended 31 March 2025
Fund stru¢tiire
Unrestricted income funds are gen6ral funds that are available for use at the trustees, discretion in furtherance of
the objgctives of the group.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is
restricted lo that area or purpose.
Penslons and othor post retlrement obligations
Retirement benefits to employees of the charitable company are provided by the East Riding Pension Fund
(ERPFI. This is a defined benefit scheme. The ERPF is a funded scheme and the assets are held separalely from
those of the charitable company in separate Iruslee adminislered funds, Pension scheme assets are measured at
fair value and liabilities are measured on an actuarial basis using the projected unit credit method and discounted
at a rale equivalent to the current rate of return on a high quality corporate bond of equivalent term and currency lo
the liabilities. The actuarial valuations are obtained at leas1 Iriennially and are updat8d al eaGh balance sheet date.
The amounts charged to the operating surplus are the current service costs and the casts of scheme inlroductians,
benefit Ghanges, settlements 8nd curtailm8nts. They are included as part of staff costs incurred. Net interest on the
n8t d&fined benefit liabililyl asset is also rewgnised in the Stalement of Financial Activities and comprises the
interest cost on the defined benefil obligation and the interesl income on th@ scheme assels, calculated by
multiplying the fair value of the scheme assèts at the beginning of the period by the rate used to discount the
benefit obligations. The difference between the interest income on the scheme assets and the actual return on the
scheme assets is recognised in other recognis&d gains and losses. Actuarial gains and losses are recognised
immediately in other recognised gains and losses. Wtth effect from 1 April 2015 the scheme was frozen and no
longer available to new employees.
From 1 July 2015 employees were able to join the defined contribution scheme with the People's pension.
Contributions are expensed as they become payable.
Flnanclal Instruments
Classlflcadon
The charity only has financial assets and financial liabilities that qualify as basic financial instruments,
Recognltlon and measurement
Basic financial instruments are initially recognised at transaction value and subsequently measured at their fair
value.
Fixed asset investments are measured al fair value, with gains and losses being recognised in the Statement of
Financial Aclivilies.
Investments
Investm8llts in sub8idiaries measured at cost18ss impairment,
Page 24

Lincs Inspire Limited
Notes to the Financlal Statements for tPie Year Ended 31 March 2025
CrltiGal accountlng estimates and areas of judgoment
Estimates and judgements are continually evaluated and are based on historical experience and other factors,
including expectations of future events that are believed lo be reasonable under the c.ircumstances.
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and
assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a
significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next
financial year are discussed below,
The present value of the Loc81 Gov8rnment Pension Scheme defined benefit liabilty depends on a number of
factors Ihat are determined on an actuarial basis using a variety of assumptions. The assumptions u8ed in
determining the net cost (income) for pension8 include the discount rate. Any changes in these assumptions, which
are disclosed in note 25, will impact the carrying amount of the pension liability. Furthermore a roll foDNard
approach which proj8cts resLills from the latest full actuarial valuation performed at 31 March 2022 has been used
by the actuary in valuing the pensions liability at 31 March 2025. Any diff8rences between the figures derived from
the roll forward approach and a full actuarial valualion would impact on the carrying amount of the pension liability.
3 Income from donatlons and legacies
Unrestricted
funds
General
Restrlcted
funds
Total
2025
Donations and legacies.,
Donations from companies, trusts and similar proceeds
Grants, including capital grants,.
Govemment grants
Grants from other sources
Contract incoin&
4,256
4,256
150,693
135,008
15Q.693
135,008
2,236,228
2,236,228
2,236,228
289,957
2,526,185
Unrestrlcted
funds
Genoral
Restrlcted
funds
Total
2024
Donations and legacies,.
Donations from companies, trusts and similar proceeds
Grants, including capital grants.,
Government grants
Grants from other sources
Contract income
2,043
2,043
212,332
6,080
212,332
6,080
2,387,602
2,367,602
2,369,645
218,412
2,588,057
Included within government grants are amounts amounting to £115,823 (2024.. £168,352) relating to local authority
grants for running school holiday activlties, £NIL12024-. £43,980) relating to an Arts Council Grant, £20,820 relating
to a skate park PCC and £14.250 relating to the Sport England's mDvem6nt fund.
Pag8 25

Lincs Inspire Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
4 Income from charltable activltles
Unrestrlcted
funds
General
Restricted
funds
Total
2025
Sports, fitness and leisure
Arts and attractions
Libraries and archives
4,891,719
30,793
23,693
3,075
1,694
4,694,794
32,487
23,893
4,746,205
4,769
4,750,974
Unrestricted
funds
General
Reslricted
funds
Total
2024
Sports, fitness and leisure
Arts and attractions
Libraries and archives
4,169,398
4,958
23,748
4,198,1D4
2,948
4,036
4,172,346
8,994
23,748
6,984
4,205.088
5 Income from other tradlng activlties
Unrestricted
funds
General
Total
2025
Trading income.,
Sales of goods and services
Events income.,
Other events income
Retail sales income
Ticket sales
Food and beverage
Commissions on sale of merchandise
992
992
1,011
84,674
1,558,376
1,059,958
53,540
2,758,551
1,011
84,674
1,558,376
1,059,958
53,540
2,758,551
Unrestricted
funds
General
Total
2024
Trading income.,
Sales of goods and seNices
Retail sales income
Ticket sales
Food and beverage
Commissions on sale of merchandise
5,625
79,739
1,230,695
1,008,978
52,409
5,625
79.739
1,230,695
1,008,978
52,409
2,377,446
2,377,446
Page 26

Lincs Inspire Llmited
Notes to the Financial Statements for the Year Ended 31 March 2025
6 Investment income
Unrestrlcted
funds
General
Total
2025
I nlerest receivable and similar inLom8',
Interest receivable on bank deposits
125,813
125,813
125,813
125,813
Unrestricted
funds
General
Total
2024
Interest receivable and similar income.,
Interest receivable on bank deposits
91,898
91,898
91,898
91,898
7 Other income
Unrestricted
funds
General
Reslricted
funds
Total
2025
Income from trading subsidiary
Hire of facilities
Sundry income
44,336
43,704
280 271
67,333
111,669
43,7D4
280,271
358,311
67,333
435,644
Unrestrlcted
funds
General
Restricted
funds
Total
2024
In¢om& from trading subsidiary
Hire of facilities
Sundry income
33,007
39,596
282,015
354,618
62,592
95,599
39,596
282,015
62,592
417,210
Page 27

Lincs Inspire Llmited
Notes to the Financlal Ststements for the Year Ended 31 March 2025
8 Expendlture on raising funfls
a) Costs of tradlng activltles
Unrestricted
funds
General
Restricted
funds
Total
2025
Costs of goods sold
Other subsidiary costs
Depreciation, amortisation and other similar costs
Staff Costs
1,685,390
129,911
13,542
477,614
1,685,390
190,341
38,193
477,614
2,391,538
60,430
24,651
2,306,457
85,081
Uiirestricted
funds
General
Restricted
funds
Total
2024
Cost5 of goods sold
Other subsidiary costs
Depreciation, amortisalion and other similar costs
Staff Costs
1.383,709
152,201
19,8C)3
415,081
1,970,794
1.383,709
203,754
45,408
417,850
2,050,721
51,553
25,605
2,789
79,927
9 Exp6nditure on charltable actlvltles
Activity
undertaken
directly
Activity
support
costs
2025
Sports, filness and leisure
Arts and altraclions
Libraries and archives
4,685,457
702,605
1,399,640
6,787,702
Actlvity
undertaken
directly
608,637
52,671
169,717
5,294,094
755,276
1,569,357
7,618,727
831,025
Actlvlty
support
costs
2024
Sports, fitness and leisure
Arts and attractions
Libraries and archives
4,222,495
7C15,068
1,396,272
686,368
8Jf,997
184,791
937,154
4,908,861
771,Q65
1,581,063
6,323,835
7,260,989
Page 28

Lln¢s Insplre Limitgd
Notes to the Flnan¢lal Statements tor the Yèar Endéd 3q March 2025
10 Analy6is of goveMan¢è And support ¢ts8ts
Support costs 411oGated to charltabl¢ #ctlvWè$
Other
tiipport
costs
Governanoe
eosts
Flnancè
¢0$ts
InfDnnatlon
technDIog¥
staff Aclinlnlstratlon PrÈmlse¥
¢08ts
¢05ts
CV6ts
Ba¥ls ol
Total
2025
Sports. fitness and I&iÈufÈ
Arts and attiAr.Ilon5
Librari08 and archives
26,8e7
2,326
7,492
33,515
2,900
9,345
11,767
1,01
4@2,858
4D,038
129,010
3,585
S10
1,000
4.895
7,158
620
1,998
83.08¥
5,460
17.S93
608,637
52,e71
180.117
36,684
45,760
16,066
631,704
9,774
86,142
other
suppo1*
¢¢$t$
834,025
Govornan¢•
C05t$
FlnanGe
cos1$
Informatlon
t4chJiology
Stsff Admlitl$tration Premises
¢ost6
C061fy
Ba$is of
Ilooatlon
Total
2D24
Sports, fltne$$ Ind leltsuro
Arts and attractions
Llbraries anrJ archiv¢s
32,417
3,117
8.728
14,507
1,395
3.906
11.8)3
1,138
3,188
491,208
47.232
132.249
7,280
701
1.9e3
7.206
693
1.940
121,905
586,3e6
65,997
.184,791
937.154
32,820
44,262
19,8D8
670 688
9,954
,B39
8a$i$ of alloeatlo
R&feYènGQ
Method of alloc8tlgn
stav numbers
Poye 29

Lincs Inspire Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
Governancg costs
Unrestrlcted
fund5
General
Total
2025
Audit fees
Audit of the finaricial statements
Other fees paid to auditors
Legal fees
other governance costs
29,531
2,435
6,567
23,086
61,619
29,531
2,435
8,567
23,086
61,619
Unr￿triCted
funds
General
Total
2024
Audit fees
Audit of the financial statements
Other fees paid to auditors
Legal fees
28,159
2,355
13,748
44,26?.
?.8,159
2,355
13,748
44,262
11 Net incomlngloutgoing resourc6S
Nel incoming resources for the year includ6'.
2025
2024
Operating leases - other assets
Audit fees
Olher non-audit services
Loss on disposal of tangible fixed assets
Depreciation of fixed assets
Amortisation of goodwill
7,768
29,531
2,435
10,510
28,159
2,355
850
196,17g
1,944
200,628
12 Slaff ¢osts
The aggregate payroll costs were as follows..
2025
2024
staff costs during the year were..
Wages and salaries
Social security costs
Pension costs
5,665,313
470,228
307,379
6,442,920
5,262,847
363,259
344,608
5,970,712
Page 30

Llncs Inspire Limlted
Notes to the Financial Statements for the Year Ended 31 March 2025
The monthly average number of persons (including senior management tpam} employed by th? group duririg the
year expressed as 8 head count was as follows..
202S
2024
No
Sport, Fitness & Leisur8
Arts and Attractions
Libraries
Auditorium
Central management, mainlenance and Inarketing
283
315
31
47
62
30
47
60
28
452
485
The number of employees whose emoluments fell within the following bands was..
2025
2024
£60,001- £70,000
£70,001- £80,000
£100,001- £110,OQO
The total employee benefils, contract and servic& costs of the key mÉinagem&nl personnel of t'he grnup were
£413,32812024 - £390,830).
13 Trustees remuneration arid expens¢s
No triistees, nor any persons connected with them, have receiiied any remuneration from the group during th&
year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
14 Audltors, remuneratlon
2025
2024
Audit of th8 financial statements
29,531
28,159
Other fees to auditors
All other non-audit services
2,435
2,355
£5,250 (2024.. £5,000) of the above amount was remun&ration for the audit of the trading subsidiary
15 Taxatlon
The parent company is a registered charity and its adivities are exempt from taxation. The trading subsidiary is
6ubjecl to lax, and corporation tax of £nil is payable for the year ended 31 March 2025.
Page 31

Lincs Inspire Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
16 Intangible fixed assets
Group
Website
development
Total
Cost
Al 1 April 2024
At 31 March 2025
17,078
17,Q78
17,078
17,078
Amortlsatlon
At 1 April 2024
At 31 March 2025
17,078
17,078
17,078
Net book value
At 31 March 2025
At 31 March 2024
Charity
Website
development
Total
Cost
Al 1 April 2024
At 31 March 2025
17,Q78
17,078
17,078
17,078
Amortisation
At 1 April 2024
17,078
17,078
At 31 March 2025
17,078
17,078
Net book value
At 31 March 2025
At 31 March 2024
Page 32

Lincs Inspire Limited
Notes to the Finaiicial Statements for tha Year Ended 31 March 2025
17 Tanglble fixed assets
Group
Motor
vehlcles
Planl and
machinery
Library
books
Total
Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
45,477
1,262,301
98,071
1,788,013 3,D95,791
80,704
178,775
(50,402
(50,402
45,477
1,360,372
1,818,315 3,224,164
Depreciation
At 1 April 2D24
Charge for the year
Eliminated on disposals
At 31 March 2025
29,339
5,697
880,760
118,449
1,616,844 2,506,943
78,482
200,628
150,400)
50,400
1,644,926 2,657,171
35,036
977,209
Not book value
Al 31 March 2025
10,441
383,163
173,389
566,993
Al 31 March 2024
16,138
4D1,541
171,169
588,848
Charity
Motor
vehlcles
Plant and
machinery
Library
books
Total
Cost
At 1 April 2024
Additions
Disposals
Al 31 March 2D25
45,477
804,780
83,256
1,788,013 2,638,27D
80,704
163,960
50,402
{50,402
45,477
888,036
1,818 315 2,751,828
Dppreclation
At 1 April 2024
Charge for the year
Eliminated on disposals
At 31 March 2025
29,339
5,697
553,486
18,256
1,616,844 2,199,669
78,482
162,435
50,400)
50,400
35,036
631,742
1,844,926 2,311,704
Net book value
Al 31 Marcli 2025
10,441
256,294
173,389
440,124
At 31 March 2024
16,138
251,294
171,169
438,601
Pago 33

Lincs Inspire Limited
Notes to the FinanGial Statements for the Year Ended 31 March 2025
18 Fixed asset Investments
Group
Details of undertaklngs
Details of the investments in which the group holds 20 /0 or more of the nominal value ol any class Df share capital
are as follows=
Proportlon of voting
rights and shares
held
Country of
incorporation
Undertaking
Holding
Princlpal activity
Subsidiary undertakings
Lincs Inspire Venues
& Enlerprises (No.
10409947}
Provision of veiiue hire
and
facilities
for
performing arts
United Kingdom
Ordinary
loo/
Subsldlarles
The turnove>r of Linr.s Inspire Venues & Enterprises Limit&d was £2,270,683 whilst expenditure totalled £2,160,035.
The profit of Lin¢s Inspire Venues & Enterprises Limit6d was therelore £110,648 and the aggregate amount of
apilal and reserves at the and of the period was £187,629.
Charity
2025
2024
Shares in group undertakings and participating interests
Shares In group undertakings and particlpating interests
Subsidiary
undertakings
Total
Cost
At 1 April 2024
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
Page 34

Lincs Inspire Limlted
Notes to the Financial Statements for the Year Ended 31 March 2025
19 Stock
Group
2025
Charity
2024
2025
2024
Slocks
100,Q22
91,439
81,270
77,523
20 Debtors
Group
Charlty
2025
2024
2025
2024
Trade debtors
Due from group undertakings
Prepayments
Accrued incorne
Other debtors
121,539
77,022
114,545
121,991
68,890
3,202
903
53,815
128,768
51,756
89.826
402
81,144
10,294
1,903
214,880
63,484
98,313
402
239,221
3Q9,531
324,567
21 Cash and cash equival8nts
Group
2025
Charlty
2024
2025
2024
Cash at bank
3,349,520
2,899,081
2,686,289
2,326,125
22 Credltors: amounts falling due within one year
Group
2025
Charity
2024
2025
2024
Trad6 creditors
other taxation and social security
Other creditors
Pension scheme creditor
Accruals
Deferred income
278,810
157,418
800
130,729
174,979
801
36,250
338,957
447,079
217,059
157,418
800
69,147
174,980
801
36,250
310,727
18,2Q12
610,107
169,318
373,S81
980,027
90,189
15,916
481,382
1,128,795
Deferred Incorne
2025
2024
Group
Deferred income at 1 April 2024
Resources deferred in the period
Amounts released from previous periods
D&ferred income at year end
447,079
373,881
447,D79)
373,681
203,888
447,079
{203,888
447,079
Page 35

Lincs Inspire Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
2025
2024
eharity
Dgferred income at 1 April 2024
Resources deferred in the period
Amounts released from previous periods
Deferred income at year end
18,202
15,916
18,202
16,509
18,202
(16,509}
15,916
18,202
23 Obllgatlons under leases and hire purchase conlracis
Operating lease commltments
Total futlire minimum lease paymenls under non-cancellable operating leases are as follows..
Group
Charlty
2025
2024
2025
2024
Other
Within one year
Be￿Eell one and five years
8,664
4,165
12,829
8,664
11,933
20,597
8,188
4,165
8,168
11,892
20,060
12,333
24 Provisions
Group
D6ferred tax relates lo differences b8tW8en accumulat&d depreciation and capital allowances.
A provision has been recognised In respect of the historic treatment of National Insurance deductions and
payments,
Charlty
A provision has been rocognised in respect of the historic treatment cf National Insurance deductions and
payments.
25 Pension and other schemes
Defined contributlon pension scheme
The charitable company operates a defined contribulion pension scheme for all qualifying employees. The assets
of the scheme are held separately from those of the charitable company in an independently administered fund,
The pension cost charge for the year represents contributions payable by the group to the scheme and amounted
to £95,759 (2024 - £85,185).
Page 36

Lincs Iiispire Limlted
Notes to the Financial Statements for the Year Ended 31 March 2025
Defined beiiefit pension sohemes
This scheme is a defined benefit scheme that IS ddministered locally by East Riding Pension Fund, with the ass8ts
held in separat8 trustee-administered funds. The Charitable company and its employees pay contribulions into a
fund as noted below. The agreed contributioii rates for future years are 21.201¢ for employers and be￿een 5.50/0
and 9.90/0 for employees. Contributions are cslculated al a level intended to balance the pension liabilities with
investment assets.
The last relevant review by the Fund's actuary was al 31 March 2022. The actuary projected the resultb forward
from this valuation to 31 March 2025 using approxiinate melhods, and allowing for changes in financial
assumptions.
Reconclliation ofscheme assets and liablllties to assets and Ilabllities recognised
The amounts recognis8d in the statement ol financial position are as follows..
2025
2024
Fair value Df scheme assets
Present value of defined benefit obligation
t)efined benefit Pension scheme surplusl{defic,it)
8,391,000
{8,391,0001
9,653,000
9,653,000)
Deflned benefit obligation
Changes in the defined benefit obligation are as follow¢4J.
2025
Present value at start of year
Curr6nt service cost
Interest cost
Actuarial gains and losses
Employee contributions
Benefits paid
Present value at end ofy8ar
9,853,000
212,000
469,QOD
(1,777,000)
62,ODO
{228,000
8,391,000
Falr value of scheme assets
Changes in the fair value of scheme assets are as follows..
2025
Fair value at start of year
Interest income
Return on plan assets, excluding amounts included IM interest incomellexpense)
Employer ¢ontrSbutions
Contributions by scheme participants
B&nefils paid
Asset ceiling restriction
Fair value at end ofy&ar
9,653,000
615,000
30,000
219,000
62,000
1228,000)
1,960,000)
8,391,000
Page 3.1

Lincs Inspire Llmited
Notes to the Financial Statements for the Year Ended 31 March 2025
Analysis of assets
l-he major categories of scheme assets are as follows..
2025
2024
Cash and cash equivalents
Equity instruments
Corporate bonds
Property
267,140
10,284,890
1,889,980
934,990
127,5SO
9,567,000
2,040,960
1,020,480
12,756,000
13,357,000
Retum on scheme assets
2025
2024
Return on scherrie assets
115,000
118,OQO
The pension schem& has not invested in any of the group's own financial instruments or in properties or other
assets used by the group.
Princjpal actuarfal assumpdons
The principal actuarial assumptions 8t the ststement of financial position date are as follows..
2025
2024
Discount rate
Future salary in¢￿aseS
Future pension increases
Post retirement mortality assumptions
5.80
2.75
2.75
4.85
2.75
2.75
2025
Years
21.00
24.00
21.00
25.00
2024
Years
21,QO
24.00
21.00
25.00
Current UK pensioners at retiremenl age - male
Current UK pensioners at retirement age - female
Future UK pensioners at retirement age - male
Future UK pensioners at retirement age - female
Page 38

Lincs Insplre Limited
Notes to the Financial Statempnts for the Year Ended 31 March 2025
26 Fund8
Gyoup
Balance at
1 Aprll
2024
Other
Balance at
recognised 31 March
Transfers gainsl(lossesl
2025
Incoming Resources
resources
expended
Unrestrlcted funds
General
General fund
2,312,072 10,235,108 (9,770,333)
2,312,072 10,235,108
9,770,333
6,641
153,0001
2,617,206
Total unrestrlcted funds
6,641
153,ODO) 2,617,206
Restricted funds
Restoration Levy Fund
Heritage Lollery Fund,
On Our Street
Projecustreets & Their
Stories
Libraries Connected
Digital Society
NELC Tier 2 Weighl
Management
Programme
Arts Council England -
Libraryon
Police and Crime
Commissioner-
Community Safety
Active Humber-
Functional Zone
Lincs Inspire Wellne55
Hub Capital investment
by Sport England and
NELC
Arts Council England,
The Albert room
NELC- Holiday Activity
Fund
The National Lottery
Community Granl -
'Aclive Foreverf Project
Theatres Trust- Theatre
Reopening Fund
TNL Active Forever P2
SE Movement fund
Joyful access fund
Total restricted funds
265,438
67,301
124,2281
308,511
260
995
880
260
727
880
1268}
(6,0001
6,000
1,759
20,620
(4.471)
(373)
17,535
10,000
{io,ooo)
26,586
(11,656)
14,930
19,399
,694
111,1361
9,957
28,052
134,123
(135,749)
26,428
4,378
3,D75
(2,298)
5,155
939
(939)
{39,187)
110,740
14,250
4,256
71,553
14,250
11,270
1,014
352,688
362,059 L239,932
6,641
481,456
Total funds
1152,000
3,098,662
Page 39

Lincs Inspire Limlted
Notes to the Flnanclal Statements for the Year Ended 31 March 2025
Other
re¢ognised
Balance at 31
9ainsl{losses) March 2024
Balance at I
April 2023
Incomiiig
resources
Resources
expended
Unrestrlcted lunds
General
General fund
1,962,307
9,391,7'11
18,907,94
134,QOO
2,312,072
Total unrestricted funds
1,962,307
9,391,711
8,907,946
134,000
2,312,072
Restricted funds
Restoration Levy Fund
Heritage Lottery Fund, On
Our Street Projectistreets
& Their Stori&s
Libraries Connected
Digital Society
NELC Tier 2 Weight
Management Programme
Clinically Extren161y
Vulnerable
Arts Council England
Libraryon
Poli¢& and Crime
Commissioner-
Community Safety
Active Humber-
Fun¢tional Zone
Lincs Inspire Wellness
HLib Capital investment by
Sport England and NELC
Arts Council England, The
Albert room
NELC - Holiday Activity
Fund
The National Lottery
Community Grant - 'Active
Forever, Project
Theatres Trust - Theatre
Reopening Fund
Total restricted funds
230,730
62,591
{27,883}
265,438
(1,532>
2,132
880
3,580
(1,788)
(1,137>
260
995
880
16,630
(16,628)
77,350
177,3501
24,OOD
(30,0001
(6,DQO)
2,500
{741}
1,759
1D,000
10.000
38,242
(11,6561
26,586
7,623
24,017
{12,241}
19,399
34,414
168,352
1174,714)
28,052
50,116
2,948
(48,686}
4,378
1,879
9401
939
468,464
287,988
{403,764
352,688
Total funds
2,430,771
9,679,699
9,311,710)
{134,000
2,S64,760
Page 40

Lincs Inspire Limltod
Notes to the Financial Statements for the Year Ended 31 March 2025
Charity
8alance at
1 Aprll
2024
Other
Balance at
recognfjsed 31 March
Transf&rs gainsl{losses)
2025
Incoming
resources
Resoiirces
expended
Unrestrlcted funds
General
General fund
2,473,744
9,005,453
8,574,322
373
153,000
2,752,248
Total unrestricted funds
2,473,744
9,005,453
8,514,322
15300D
373 L, a 2,752,248
Restricted funds
H8ritage Lottery Fund
streets and their stories
fund
Libraries C'onnected
Arts Council England,
The Albert room
Digital Society
AC Libraryon
PCC - Community
Safety
Lincs Inspire Wellness
Hub Capital inv69tment
by Sport England and
NELC
The National Lottery
Community Grant-
'Adive Forevev Project
NELC - Holiday Activity
Fund
NELC - Tier 2 Weight
Management
Pragramme
Active Humber-
Functional Zone
'rNL Active Forever P2
SE Movement fund
260
995
260
727
12681
19,399
880
{s,000)
1,694
{11,138)
9,957
880
6,000
20,620
(4,471)
(373)
17.535
26,586
(11,656)
14,930
4,378
12,297)
5,156
24,707
115,823
(116,994)
23,536
10,000
(10,000)
(39,187}
110,740
71,553
14,250
Total restrlcted funds
82,966
272,202
196,009
(373
158,786
Total funds
2,556,710
9,277,855
8,770,331)
(153,000) 2,911,034
Page 41

Lincs Inspire Llmlted
Notes to the Financlal Statements for the Year Ended 31 March 2025
Other
recognised
Balance at 31
gainslllosses) March 2024
Balanc8 at I
April 2023
Incoming
resources
Resources
expendod
Unrestrlcted funds
General
General fund
2,145,518
8,493,802
(8,031,576
{8,031,576
134,000
2,473,744
Total unrestricted funds
2,145,518
8,493,802
134,OOQI
2,473,744
Restrictod funds
Heritage Lottery Fund
streets and their stories
fund
Libraries Connected
Arts Council England, The
Albert room
Digital Society
AC Libraryon
PCC - Community Safety
Lincs Inspire Wellness
Hub Capital investment by
Sport Englaiid and NELC
The National Lottery
Community Grant - 'Active
Fo￿ve1 Project
NELC - Holiday Activity
Fund
NELC - Tier 2 Weight
Management Programme
Clinically Extremely
Vulnerable
Active Humber-
Functional Zone
(1,532)
2,132
3.580
(1,7881
(1,137)
260
995
7,623
880
24,017
(12,2411
19,399
880
(6,000)
1,759
24,000
2,500
(30,000)
{741)
38,242
{11,658}
28,58
5Q,116
2,948
(48,686)
4,378
29,S94
118,623
(123,8101
24,707
16,830
116,6281
77,350
177,3501
10,000
10,000
Total restricted funds
231,135
175,668
323,837
82,966
Total funds
2,376,653
8,669,470
8,355,413
134,0001
2,556,710
Page 42

Lincs Insplre Limited
Notes to the Financial Statements for the Year Ended 31 March 2025
The specrfic purposes for which the funds are to be 8pplied are as follc)ws'.
Restoration Levy - funds arising from 8 £1 ticket charge applied at Grimsby Auditorium with funds reinvested ID
improve customer comfort and enjoyment.
Libraries Connected- programme of complimentary events in statutory libraries.
Heritage Lottery Funding
{On Our Street Projecllslreets & Their Stories) community hased local
historylremii)iscence workshops and creative activities.
National Lottery Community Fund
'Active Forever, supported capital and revenue inveslmenl to develop a
Creative Hub to support community engagement post Covid 19.
Lincs Inspire Wellness Hub
includes capital grant furiding Contributions frorri Sport England and North East
Lincolnshire Council, enabling the development of a new assisted exercise facility.
Theatres Trust- Theatre Reopening Fund - a contribution to automatic door er)try at the Grimsby Auclitorium.
'rier 2 Weight Management Programme- Public Health Funded programmes through NELC I'o support slaff training
and resource material.
Clinically Extremely Vulnerable Fund to support those with specific medical conditions whr) would be particularly
vulnerable if. they coiitracled COVID-19.
Arts Council (Albert Room) Supporting people dt all slaqes of their lives lo develop and increase their participation
in a range of cultural activities such as creative writing, drama, sewing, spoken word events etc.
Active Humber {Funclional Zone) To support aclivity for those on low incomes, with disability & long-term heatth
conditions.
Digital Society Steering Group A fund to buy equipment to assist with the Library Digital Outreach project.,
improving ICT Skills within the local community.
Arts Council England, Librsryon Project to enable statutory duty public libraries to r88Gh. connect with and help
Iheir audiences in new and belter ways.
Police and Crime Commissioner, Community Safety Gr8nt- Funding for KGV Skate park.
TNL Active Forever P2 - Fund was awarded to continue support the local Community and encourage participation in
activity sessions. In addition includes outreach wprk with GP'slm8dical professionals, community organisatioiis and
local residents to support referrals and recommendationts.
SE Movement ￿Und Sport England's Moveinent Fund to develop and pilot a hybrid version gf Active Foi'ever,
which Combines healthy weight management with assisted exercise, SD targeling people with an underlying health
conclition that is Impacting their ability to lose weight.
Joyful Access Fund- To support schools and not-for-profit organisdtions lo attend events.
Active Lincolnsliire Wonder Walks- Funding to arrange & support 2 walks within our commuriity.
Holiday Activity Fund - Funding for activities and meals during the school holidays for low incDm@ families within
North East Lincolnsh ire.
NEL Reshape Grant - Capital support from Government fund adminislered by NFI.C to assisl with business restarts
following COVID lockdown periods.
Page 43

Lincs Inspire Limited
Notes to the Financlal Statements for the Year Ended 31 March 2025
27 Aiialysls of net assets between funds
GroLIP
Unrestricted
funds
General
Total funds
at 31 March
2025
Restricted
funds
Tangible fixed ass6ts
Current essets
Current liabilities
Provisions
469,26e
3,280,693
{980,027)
152,726}
97,727
383,729
566,993
3,664,422
(980,0271
152,7261
3,098,662
Total net assets
2,617,2Q6
481,456
Unrestricted
funds
General
Total funds
at 31 MarGh
2024
Restricted
funds
Tangible fixed assets
Current assets
Cuirenl liabilit198
Provisions
4S0,650
3,005,251
11,128,795)
{25,0341
2,312,072
128,198
224,490
588,848
3,229,741
(1,128,795)
125,034
2,664,760
Total riet assets
352,688
Charity
Unrestricted
funds
General
Total fun(Is
at 31 March
2025
Restricted
funds
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Provisions
403,399
36,725
440,124
2,955,029
(481,382)
(124,799}
2,752,248
122,061
3,077,090
(481,382)
(124,799
2,911,034
Total net assets
158,786
Unrestrlcted
funds
Total funds
at 31 March
2024
Restrl¢ted
funds
General
'Tanglble fixed assats
Fixed asset investments
Current assets
Current liabilities
385,499
53,102
438,601
2,698,351
610,107
29,884
2,728,215
610,107
Total net assets
2,473,744
82,966
2,556,710
Page 44

Lincs Inspire Limlted
Notes to the Financial Statements for the Year Ended 31 March 2025
28 Related party transactions
Group
During the year the group made the following related party transactions,,
Sylvester Keal Llmlted
(l K8al is a trustee of Lincs Inspire Limited as well as a director of Sylvester Koal Limited)
During the year there has been purchases made of £4,778.91 {2024'. £5,448.46) relating to hygiene products and
commercial kitchen design equipment, installation and repaii's. Al the balance sheet d¢?te the amount due tolfrom to
Sylvester Keal Limited was £Nil (2024 - £49).
Charlty
During the year the charity made the following re5ated party transactions..
Llncs Inspire Venues & Enterprises Limited
(100 /0 owned subsidiary of Lincs Inspire Limited)
Recharges made from the subsidiary to the parent totalled £3-15,210 (2024.. £466,471).
Recharges made from the parent to the subsidiary totalled £810,518 {2024'. £873,509}. Al the balance sheet date
thg amount due from Lin¢s Inspire Venues & Enterprises Limited was £121,991 {2024 - £128,768}.
Page 45