Charity No.1195157 ## **South Holland Life** **A charitable organisation Annual Report and Financial Statements 1[ST] August 2024 to 31st July 2025** **Contents** Page Legal and administrative information 2 Report of the Trustees 3, 4 Balance Sheet 5 Profit and Loss Statement 6 Notes forming part of the financial statements 7 1 ## **South Holland Life** Legal and Administrative Information Charity number 1195157 Registered address The Chain Bridge Forge High Street Spalding PE11 1TX Trustees Geoffrey Taylor Ian Robert Walters Suzanne Croucher James Le Sage Gordon Fawley David John Brennan Douglas Stewart Turner Stuart Henderson Bank details Barclays Bank plc Sort Code: 20 63 28 Account No: 03914593 2 ## **South Holland Life Trustees Report** The trustees present their annual report and accounts for the period from 1[st] August 2024 to 31st July 2025 ## **Structure, governance and management** South Holland life is a registered charity. Trustees are legally responsible for the governance and management of the charity. Trustees are responsible for setting strategies and policies and for ensuring these are implemented. ## **Risk management** The charities trustees have considered the major risks to which the charity is exposed and have reviewed potential risks. Systems and procedures have been put in place to manage the risks and to mitigate any adverse outcomes. ## **Objectives and activities** The charities’ objects are to promote the arts and heritage for the benefit of the public in the South Lincolnshire region in particular, but not exclusively, to advancing the education of the residents and advancing their knowledge of local heritage primarily through connecting local history and heritage related projects and organisations and assisting in their future development. ## **Achievements and performance** The charity is engaged in - Development of a web-based history timeline - Developing communicating between and networking of individuals and local societies engaged in research and recording of local heritage information - Installing interactive screens to be installed in local historic churches to encourage community access to local history information and resources. ## **Financial review** During the year the charity incurred expenditure totalling £349 and received a grant via its sister organisation The Friends of Chain Bridge Forge amounting to £2500. ## **Future plans** The charity is engaged in projects researching the history of the South Holland area, and acting as a communication and resource hub for local individuals and organisations engaged in historical research and heritage projects. ## **Trustees responsibilities statement** The trustees are responsible for preparing the Trustees Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards, (United Kingdom Generally Accepted Accounting Practice. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements the trustees are required to: ## **South Holland Life Trustees Report (Continued)** - Select suitable accounting policies and apply them consistently. - Observe the methods and principles in the charities SORP. - Make judgments and estimates that are reasonable and prudent. - State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. - Prepare the financial statements on the ongoing concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the trustees on 18 November 2025 and signed on their behalf by I.R. Walters G.Taylor Trustees 4 ## **South Holland Life** ## **Balance Sheet as at 31[st] July 2025** **2025 2024 £ £ £ Fixed assets T** angible assets Total fixed assets **Current assets** Stock and work in progress Debtors -Chain Bridge Forge 1291 Cash at bank and in hand 2161 10 **______ _____** 2161 1301 Less Liability – Friends of Chain Bridge Forge 1209 ______ ______ **Net Current Assets £ 952 £ 1301 ______ ______** Excess of Income over Expenditure for Year (349) 1291 Reserves from Previous Year 1301 10 ____ _ ______ Reserves at end of year Carried Forward 952 1301 **_______ ______ Total Capital and Reserves £ 952 £ 1301 _______ _____** Approved by the Board on 18 November 2025 and signed on its behalf by I.R. Walters G Taylor Trustees 5 ## **South Holland Life** ## **Profit and Loss Statement** ## **For the Year Ending 31[st] July 2025** **2025 2024 £ £** Grants and Donations - 3146 _____ _____ Less Expenditure Hosting fees and IT consumables 150 289 Insurance 199 399 Software Package - 497 Other software costs - 588 Internet costs - 70 Books and Stationery - 12 ____ _____ Total Expenses 349 1855 _____ ______ Excess of Income over Expenditure £ (349) £1291 **______ ______** 6 ## **South Holland Life** **Notes forming part of the accounts for the year ending 31st of July 2025** ## **1. Accounting policies** ## a) Basis of preparation The accounts have been prepared in accordance with the receipts and payments basis in accordance with the Charity Commission guidance. ## b) Charity status South Holland Life was established as a charity registered with the Charity Commission under the reference of 1195157. The trustees are appointed and function in accordance with the Constitution. ## c) 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 charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors, or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of such restricted funds as and when they arise will be set out in the notes to the financial statements. ## d) Receipts All incoming resources are included in the Receipts and Payments Accounts when the charity obtains legally entitled income. ## e) Payments All expenditure is accounted for on payment basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of the resources. ## 2. **Debt outstanding** There was a debt outstanding of £1209 to The Friends of Chain Bridge Forge, which will be repaid when income permits during the next financial year.. ## **3. Related parties** ## **Controlling entity** The charity is controlled by the trustees. During the period the trustees received no emoluments or incurred any expenses using Trust funds. 7