**Registered number: 09789975 Charity number: 1169521** ## **THE LAMBERT DOBSKI TRUST** **(A company limited by guarantee)** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30 SEPTEMBER 2022** **THE LAMBERT DOBSKI TRUST** ## **(A company limited by guarantee)** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the company, its Trustees and advisers**|1| |**Trustees' report**|2 - 4| |**Independent examiner's report**|5 - 6| |**Statement of financial activities**|7| |**Balance sheet**|8| |**Notes to the financial statements**|9 - 15| **THE LAMBERT DOBSKI TRUST** ## **(A company limited by guarantee)** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2022** |**Trustees**|Robin Aldridge| |---|---| ||Andrew Corley| ||Brian Jones| |**Company registered**
**number**
09789975
**Charity registered**
**number**
1169521
**Registered office**
C/O Mingary Cottage Smalley Mill Road
Horsley
Derby
DE21 5BL
**Company secretary**
Andrew Corley|| Page 1 **THE LAMBERT DOBSKI TRUST** ## **(A company limited by guarantee)** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022** The Trustees present their annual report together with the financial statements of the The Lambert Dobski Trust for the 1 October 2021 to 30 September 2022. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. ## **Objectives and activities** ## **a. Policies and objectives** The principal object of the charity is the advancement of the evangelical Christian Faith worldwide in accordance with the Statement of Faith in the charity's public Memorandum of Association and in accordance with the Powers detailed in the Memorandum of Association. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **b. Activities undertaken to achieve objectives** Activities for achieving the charity objectives include the following: - To support the work of Lance Lambert Ministries in the promotion and provision of access to all books, manuscripts and teaching material produced by Lance Lambert during his lifetime. - To carry out and direct discipleship, evangelistic and missionary activity. - To support, administer, set up or co-operate with other charities, voluntary organisations, clubs or institutions. ## **c. Main activities undertaken to further the company's purposes for the public benefit** Through teaching about Evangelical Christian beliefs and practices, the proclamation of the Gospel of Jesus Christ and the promotion of Christian values and moral improvement, Lambert Dobski Trust seeks to bring benefit to individuals and wider society. By supporting Ministries that are recognised for their work and experience in helping people to develop spiritually, morally, and intellectually, individuals have an improved sense of wellbeing and increased selfesteem as they develop new skills, capabilities and knowledge. Page 2 **THE LAMBERT DOBSKI TRUST (A company limited by guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022** ## **Achievements and performance** ## **a. Review of activities** During the year the charity continued its charitable activities of supporting the work of Lance Lambert Ministries. The charity has made total donations of £92,133 to Lance Lambert Ministries, Hagefen Publishing, The Jerusalem Institute and The Europen Coalition for Israel, in accordance with its charitable objectives for the promotion of and provision of access to all books, manuscripts and teaching materials produced by Lance Lambert, carrying out and direct discipleship, evangelistic and missionary activity and support and co-ordination with other charities. Through these donations the charity has given consideration to the considerable public benefit of the advancement of the Christian religion and evangelistic and missionary activity. During 2019 the Trustees invested a proportion of reserves into an independently managed investment fund in order to maximise the potential returns on the charity's surpluses. ## **Financial review** ## **a. Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **b. Reserves policy** The charity finished the year with a deficit of £146,360 after investment gains and losses (2021: £359,306 surplus) and reserves of £1,593,938 (2021: £1,740,298). All funds at the end of the year were unrestricted resources. The Trustees are satisfied with the results for the year and expect continued growth in the future. There are minimal administrative expenses therefore the charity does not need to hold amounts in reserve and the intention of the Trustees is to distribute the maximum amount of reserves possible in continuance of its charitable purposes. The surplus funds held at year end have arisen due to the timing of income and expenditure up to the year end date. ## **Structure, governance and management** ## **a. Constitution** The Lambert Dobski Trust is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 10 August 2015. ## **b. Methods of appointment or election of Trustees** The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association. ## **c. Organisational structure and decision-making policies** The day-to-day responsibility for the provision of services rests with the Trustees, who ensure that the Trust delivers the service specified and complies with all relevant laws and regulations. Page 3 **THE LAMBERT DOBSKI TRUST** ## **(A company limited by guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022** ## **Statement of Trustees' responsibilities** The Trustees (who are also the directors of the company 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). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 23 May 2023 and signed on their behalf by: **Robin Aldridge** (Trustee) Page 4 **THE LAMBERT DOBSKI TRUST** **(A company limited by guarantee)** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022** ## **Independent examiner's report to the** ## **Trustees of The Lambert Dobski Trust ('the company')** I report to the charity Trustees on my examination of the accounts of the company for the year ended 30 September 2022. ## **Responsibilities and basis of report** As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts 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 section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** 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: 1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or 4. 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 applicable 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 enable a proper understanding of the accounts to be reached. Page 5 **THE LAMBERT DOBSKI TRUST** **(A company limited by guarantee)** ## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022** This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report. Signed: Michael Fitch Dated: 23 May 2023 Chartered Accountants Ireland UHY Hacker Young Fitch 27-29 Gordon Street Belfast BT1 2LG Page 6 **THE LAMBERT DOBSKI TRUST** ## **(A company limited by guarantee)** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2022** |**Note**
**Income from:**
Donations and legacies
3
Investments
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net (expenditure)/income before net (losses)/gains**
**on investments**
Net (losses)/gains on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
**-**
**28,238**
**28,238**
**104,962**
**104,962**
**(76,724)**
**(69,636)**
**(146,360)**
**1,740,298**
**(146,360)**
**1,593,938**|**Total**
**funds**
**2022**
**£**
**-**
**28,238**
**28,238**
**104,962**
**104,962**
**(76,724)**
**(69,636)**
**(146,360)**
**1,740,298**
**(146,360)**
**1,593,938**|_Total_
_funds_
_2021_
_£_
_251,373_
_-_| |---|---|---|---| ||||_251,373_| ||||_74,033_| ||||_74,033_| ||||_177,340_
_181,966_| ||||_359,306_| ||||_1,380,992_
_359,306_| ||||_1,740,298_| The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 9 to 15 form part of these financial statements. Page 7 ## **THE LAMBERT DOBSKI TRUST (A company limited by guarantee) REGISTERED NUMBER: 09789975** ## **BALANCE SHEET AS AT 30 SEPTEMBER 2022** |**Note**
**Fixed assets**
Investments
9
**Current assets**
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
12
Unrestricted funds
12
**Total funds**|**658,302**
**658,302**
**(2,847)**|**2022**
**£**
**938,483**
**938,483**
**655,455**
**1,593,938**
**1,593,938**
**1,593,938**
**-**
**1,593,938**
**1,593,938**|_727,692_
_727,692_
_(2,513)_|_2021_
_£_
_1,015,119_| |---|---|---|---|---| |||||_1,015,119_
_725,179_| |||||_1,740,298_| |||||_1,740,298_| |||||| |||||_1,740,298_| |||||_-_
_1,740,298_| |||||| |||||_1,740,298_| The company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on 23 May 2023 and signed on their behalf by: ................................................ ................................................ **Robin Aldridge Andrew Corley** (Trustee) (Trustee) The notes on pages 9 to 15 form part of these financial statements. Page 8 **THE LAMBERT DOBSKI TRUST** **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022** ## **1. General information** The Lambert Dobski Trust is a charitable company incorporated in the United Kingdom under registration number 09789975. The Charity's registered office is: C/O Mingary Cottage, Smalley Mill Road, Horsley, Derby, DE21 5BL. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The Lambert Dobski Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **2.2 Income** All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. ## **2.3 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. ## **2.4 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. ## **2.5 Investments** Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities. Page 9 **THE LAMBERT DOBSKI TRUST** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022** ## **2. Accounting policies (continued)** ## **2.6 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **2.7 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. ## **2.8 Financial instruments** The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.9 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. Page 10 **THE LAMBERT DOBSKI TRUST** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022** |**3.**
**Income from donations and legacies**

Donations
**4.**
**Investment income**
**Unrestricted**
**funds**
**2022**
**£**
Interest received
28,238
**5.**
**Analysis of expenditure on charitable activities**
**Summary by fund type**

Advancement of the Christian Faith
Advancement of the Christian Faith|**Unrestricted**
**funds**
**2022**
**£**
_Unrestricted_
_funds_
_2021_
_£_
_251,373_
**Total**
**funds**
**2022**
**£**
**28,238**
**Unrestricted**
**funds**
**2022**
**£**
104,962
_Unrestricted_
_funds_
_2021_
_£_
_74,033_|**Total**
**funds**
**2022**
**£**
_Total_
_funds_
_2021_
_£_
_251,373_| |---|---|---| |||_Total_
_funds_
_2021_
_£_
_-_| |||**Total**
**2022**
**£**
**104,962**| |||_Total_
_2021_
_£_
_74,033_| Page 11 **THE LAMBERT DOBSKI TRUST** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022** ## **6. Analysis of expenditure by activities** |Advancement of the Christian Faith
Advancement of the Christian Faith|**Activities**
**undertaken**
**directly**
**2022**
**£**
92,133
_Activities_
_undertaken_
_directly_
_2021_
_£_
_64,891_|**Support**
**costs**
**2022**
**£**
12,829
_Support_
_costs_
_2021_
_£_
_9,142_|**Total**
**funds**
**2022**
**£**
**104,962**| |---|---|---|---| ||||_Total_
_funds_
_2021_
_£_
_74,033_| ## **Analysis of support costs** |Bank charges
Legal and professional fees
Governance costs
Bank charges
Legal and professional fees
Governance costs|**Advancing**
**Christianity**
**2022**
**£**
204
9,703
2,922
12,829
_Advancing_
_Christianity_
_2021_
_£_
_270_
_6,040_
_2,832_
_9,142_|**Total**
**funds**
**2022**
**£**
**204**
**9,703**
**2,922**| |---|---|---| |||**12,829**| |||_Total_
_funds_
_2021_
_£_
_270_
_6,040_
_2,832_| |||_9,142_| Page 12 **THE LAMBERT DOBSKI TRUST** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022** ## **7. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £2,514 ( _2021_ - _£2,394_ ). ## **8. Trustees' remuneration and expenses** During the year, no Trustees received any remuneration or other benefits _(2021 - £NIL)_ . During the year ended 30 September 2022, no Trustee expenses have been incurred _(2021 - £NIL)_ . ## **9. Fixed asset investments** |**Cost or valuation**
At 1 October 2021
Revaluations
At 30 September 2022
**Net book value**
At 30 September 2022
_At 30 September 2021_
**10.**
**Creditors: Amounts falling due within one year**
Accruals and deferred income
**11.**
**Financial instruments**
**Financial assets**
Financial assets measured at fair value through income and expenditure|**2022**
**£**
**2,847**|**Listed**
**investments**
**£**
**1,015,119**
**(76,636)**
**938,483**
**938,483**
_1,015,119_
_2021_
_£_
_2,513_
_2021_
_£_
_727,692_|**Listed**
**investments**
**£**
**1,015,119**
**(76,636)**
**938,483**
**938,483**
_1,015,119_
_2021_
_£_
_2,513_
_2021_
_£_
_727,692_| |---|---|---|---| ||||| ||||| ||||| ||||| ||**2022**
**£**
**658,302**||_2021_
_£_
_727,692_| Financial assets measured at fair value through income and expenditure comprise cash at bank and deposit accounts. Page 13 **THE LAMBERT DOBSKI TRUST** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022** ## **12. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
General funds
Unallocated amounts|**Balance at 1**
**October**
**2021**
**£**
**1,740,298**
**-**
**1,740,298**|**Income**
**£**
**404,490**
**(376,252)**
**28,238**|**Expenditure**
**£**
**(481,214)**
**376,252**
**(104,962)**|**Gains/**
**(Losses)**
**£**
**(69,636)**
**-**
**(69,636)**|**Balance at**
**30**
**September**
**2022**
**£**
**1,593,938**
**-**| |---|---|---|---|---|---| ||||||**1,593,938**| ## **13. Summary of funds** **Summary of funds - current year** ||||||**Balance at**| |---|---|---|---|---|---| ||**Balance at 1**||||**30**| ||**October**|||**Gains/**|**September**| ||**2021**|**Income**|**Expenditure**|**(Losses)**|**2022**| ||**£**|**£**|**£**|**£**|**£**| |General funds|**1,740,298**|**28,238**|**(104,962)**|**(69,636)**|**1,593,938**| ## **14. Analysis of net assets between funds Analysis of net assets between funds - current year** |**Unrestricted**
**funds**
**2022**
**£**
Fixed asset investments
938,483
Current assets
658,302
Creditors due within one year
(2,847)
Difference
1
**Total**
1,593,939|**Total**
**funds**
**2022**
**£**
**938,483**
**658,302**
**(2,847)**
**(1)**
**1,593,939**| |---|---| Page 14 **THE LAMBERT DOBSKI TRUST** ## **(A company limited by guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022** **14. Analysis of net assets between funds (continued) Analysis of net assets between funds - prior year** |Fixed asset investments
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2021_
_£_
_1,015,119_
_727,692_
_(2,513)_
_1,740,298_|_Total_
_funds_
_2021_
_£_
_1,015,119_
_727,692_
_(2,513)_
_1,740,298_| |---|---|---| Page 15