Trustees’ Annual Report for the period
From 6[th] April 2024 To 5[th] April 2025
Charity name: Lincolnshire Rural Challenge T/A Serendipity Foundation
Charity registration number: 1183281
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To advance in life, relieve the needs of and help people over the age of 16 and living in the county of Lincolnshire by providing grants of financial assistance designed to: (a)Advance education. (b)Relieve unemployment. (c)Provide support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Support, in the form of grants, for benefactors to undertake work experience to gain experience. Or to provide funds for training or other requirements to facilitate work or training within the local rural community. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have regard for guidance issues by the Charity Commission on public benefit |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38
Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Supported people with challenges whether they be due to physical, occupation or metal health, location, transport or childcare to undertake work experience to facilitate them to join the workforce in rural Lincolnshire. To encourage those employers in the rural community to consider taking on ‘challenged’ employees with the support of LRC. LRC T/A Serendipity Foundation made payments to 3 individuals – 1. LC to assist with transport to Harper Adams University necessary to attend for block release for LC undertaking a higher level apprenticeship in Vet Technician, 2. IB to assist with transport to ensure she could continue working and attend her degree in agriculture after her car broke down just before the start of the course – 3 loan payments were paid to get her on her feet again & 3. BF to pay for a course in sheep scanning to help him start his new business venture |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Position as per P & L - stable |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Reserves held to ensure money was available for grants to individuals as needed. |
| Amount of reserves held | Para 1.22 | £2051 |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | n/a |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | See attached constitution document |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Lincolnshire Rural Challenge T/A The Serendipity Foundation |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1183281 |
| Charity’s principal address | Claxby Manor House, Claxby St Andrew, Lincolnshire LN13 0HJ |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| MollyMcKay | ||||
| Peter Thompson | ||||
| Jill Newby | ||||
| John Smith | ||||
| Dennis Holmes | ||||
| Richard Black | ||||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets None held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Molly Mckay | ||
Chair |
||
| 19.02.2026 | ||
| 19.02.2026 |
Profit and Loss
Serendipity Foundation For the year ended 5 April 2026
| Profit and Loss Serendipity Foundation For the year ended 5 April 2026 |
|
|---|---|
| 2026 | |
| Turnover | |
| Donations | 4,565.00 |
| Total Turnover | 4,565.00 |
| Gross Profit | 4,565.00 |
| Administrative Costs | |
| Audit & Accountancy fees | 275.76 |
| Bank Fees | 20.00 |
| Charitable and Political Donations | 2,010.83 |
| Telephone & Internet | 206.50 |
| Total Administrative Costs | 2,513.09 |
| Operating Profit | 2,051.91 |
| Profit on Ordinary Activities Before Taxation | 2,051.91 |
| Profit after Taxation | 2,051.91 |
Profit and Loss Serendipity Foundation
19 Feb 2026 Page 1 of 1