## **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|
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## **Names of the charity trustees who manage the charity**
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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||||
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## – 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