Charity number. 1195180 UNAUDrrED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
.'UNCOiNSHIRE RURAL& AGRICULTURAL CHAPLAINCY. CONTENTS Page Reference and Administrative Details of the Charity. its Trustees and Advisers Trustees. Report Independent Examlnetrs Report Statement ot Financial Activities Balance Sheet Notes to the Financial Statements 9-17
UNCOLNSHIRE 4&:AGRICUL.TURAL.:CHAPJAINC - REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2023 Trustees M S Ward. MBE Chair Rev D Dadswell Rev A Hawes Rev l Bro¥*n. OBE J Hiles S A Robinson J W Lockwood. MBE A Price (appointed 23 February 2023) Charity registered number 1195180 Principal office Lincolnshire Shthvground Grange4frlings Lincojn Lincolnshire LN2 2NA Bankers HSBC 221 High Street Lincoln Lincolnshire LN11TS CCLA Senator House 85 Queen Ifictoria Street London EC4V4Er Solicitors Wikin Chapman LLP The Maltings 11-15 Brayrord Wharf East Lincoln LN5 7AY Page 1
?UNCOLNSHI TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2023 The Trustees preserrt their annual report together the financial stat]ents of the ChaTity for the year 1 July 2022 to 30 June 2023. Objectives and activities a. Policies and objectives The objectives of LTncolnshire Rural & Agricultural cainCY are to relieve and improve the positive wellbeing of persons resident in rural Greater Lincolnshire by supporting and securing the Continuatic of the Lincolnshire agricultural chaplains for the public be In setting objective5 and planning ts acttvitses. the TtS have gsven due consideration to general guidance published by the Charity Commission relating to public benefi( including the guidance 'Public benefiL' running a charity (PB2)'. b. Main actiVTties undertaken to further the CharlS purposes for the public benefft Lincolrvshire Rural & AgriCura1 Chaplairry furthers the publids benefft through but not exdusNely limited to. making gnts and wanls t(Avards costs of maintaining the Lincolnshite agrUltural chaplains", making grants and awards tchyards the costs of proiects undertaken by the Lincolnshire agricultural chaplains; promoting and inf(xming the public of the undertaken by the Lincolnshire agricultural chaplains advancement of Chrsstian values for the public benefit of all persons, induding those of other faiths and non, through providing the rural cornmunity with qualified, accredited pastoral and spiritual resources, especially at times of struggle, pain, ktss and distress. in recognition of the key role of religion and spirituality in overall human health. Achievements and performance a. Main achievements of the Chaiity During the year. the Ch*ity has concentrated on raising the profile of the r)rk of the agriculbjral and rural chaplaincy seTvice and buildiTwJ the profile of the Charty. and the opportunities to give to support the continuation of the servi. The focus remains on building a £1.5 mimion fund over the next fve years through donations, legacies, events arKI the retease of dormant funds to xhieve this vision. Financial review Golng concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Chanty has adequate resources to continue in operational existence for the foeeable futu. For this reason. they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be f¢rKI in the accounting policies. Page 2
NCOLNSHI TRUSTEES. REPORT IcoKnNUED) FOR THE YEAR ENDED 30 JUNE 2023 b. Reserves policy As at 30 June 2023, the balance of Unrestric fvnds was £151,585. The trustees seek to maintain a balance of funds to run the charity. whilst investiThJ surplus funds to build an endowment fund whith will generate an annual investrnent income suffKient to SUPFK>rt the n*Js of njral chaplaincy in future. The funds, held in reserves, ate sufficient to pem)it the Charity to continue in operation. Structure, govemance and management . Constitution Lincolnshi Rural & Agriculiural Chaplaincy is a Tegistered charity, number 1195180, and is constituted under a Charity Commission Scheme. b. Methods of appolntment or election of Trustees The management of the Chlty is the responsibilty of the Trustees who are eld and c¢>opted under the temis of the Charity Commission Scheme. c. Financial Tisk management The Trustees have assessed the major risks to which the Charity is exposed, in paiticular those related to the operations and finances of the Charity. and are satisfied that systems and prwlures are in pla to mitigate exposure to the maiiir risks. . Page 3
UNCOLNSHIRE RURAL& AGRICU TUIiAL'CHAÈ>LAINCY.". TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Structure, governance and management (continued) Statement of Trustees. responsibilities The Trustees are responsble for preparing the Trustees. Report and the financtal statements in accordance with applicable law and United lfjngdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales iequires the Trustees to prepare financial statements for each financial which give a t and fair view of the state of affairs of the Charity and of its incoming resources and application of resour$. including its inccAne and expenditure, for that period. In preparing these financial statements. the Trustees are required to: select suitable accounting policies and then apply them consistenty. obseNe the methods and principles of the Charities SORP (FRS 102): make judgrnents and accounting estimates that are reasonable and prudent stale whether applicable UK Accounting Standards (FRS 102) have been folkPd. subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concem basis unless r( is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitys transactions and (fisclose wth reasonable accurdcy at any time the financial position of the Charity and enable them to ensure that the financial statements compty with the Charities Act 2011, the Charty (Accounts and Reports) Regulations 2008 and the provisions of the Charity Commission Scheme. They are also responsible for safeguarding the assets of the Charity an(J hen for taking reasonable steps for the prevention and detection of fraud and itregularities. Approved by order of the members of the board of Trustees on 7 December 2023 and signed on their behalf by M S Ward MBE Chair of Trustees Page 4
.UNCOLNSÉiiRE.,RURAi¥& AGRICULTURAL:CHAP , INDEPENDEKf EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2023 Independent Exarnlnerfs Report to the Trustees of Llncolnshire Rural & Agrfculturdl Chaplaincy ('the Charity.) I report to the charity Trustees on my exanination of the accouTts of the Charity for the year ended 30 June 2023. Responsibilfties and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the Cnts in accordance with the requirements of the Charilies Act 2011 Cthe 2011 ACV). I report in respect of my einatIOn of the Chariils accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the appliGabJe Diredions given by Charity Commission under section 145(5)(b) of the 2011 ACL Independent Examinerfs Statement Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appfKable in the UK arKI Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charilies: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant reguklions but has been withdrawn. l understand that this has been done. in order for the accounts to provide a true and fair Vie in.occordance with the Generally Accepted Accounting Practi effective for reporting pertods beginning on or after 1 January 2015. I have completed my examination. I confinn that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respecL accounting records Ere not kept in respect of the Charity as required by section 130 of the 2011 Act; or the accounts do not acc(Kd with those recLYds; or the accounts do not comply vrith the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a Irue and faiv view which is not a matter considered as part of an independent examination. I have no cOnmS and hawd come across no other matters in connection the examination to which attention should be drawn in this report in order to enable a proper understarKling of the accounts to be reached. Page 5
INDEPENDENT EXAMINER'S REPORT (coKllNUED) FOR THE YEAR ENDED 30 JUNE 2023 This report is made solety to the Charilys 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 stats to the Charivs Trustees those matters l am required to state to them in an IrKlependent Examinefs 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 Charty and the Charills Trustees as a body. for my worf( or for this reporL Signed: Dated: 2910212024 Linda Lord Bsc FCA TEP (Senior Statutory Auditor) Tower House Lucy Tower Street Lincoln Lincolnshire LN1 1XW Page 6
.4iiNCOLNSHIRE'RURAL".& AGiIICULTUEiAL";.CFtAPLAiNC STATEMEKf OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 30 JUNE 2023 Unrestrlcted funds 2023 Total funds 2023 Total fvnds 2022 Note Income from: Donations and legacies 58.950 58.950 114,426 Total Ancome 58.950 114,426 Expenditure on: Raising funds Charitable actsvitses 10.915 2,012 10,915 2.012 6. 707 2,427 Total expenditure 12.927 12.927 9, 134 Net Income before net galns on investments Net gains on investments 46,023 270 46,023 270 105,292 Net movement In funds 46,293 46,293 105,292 ROncIliatIon of funds: Total funds brought foréRrd Net movement in funds 105,292 46293 105392 46.293 104292 Total funds carried forwanl 151.585 151.S85 105,292 The Statement of Financial Actr¥ibes includes au gans &xt losses recognised in the year. The notss on pages 9 to 17 fomi part of these financial statements. Page 7
ASAT30 JUNE 2023 2022 Fixed assets Investments 100270 100270 Current assets Cash at bank and in harKJ 51515 IOQ492 52,515 106,492 Credito. amounts fal du8 within one year 10 (1200> (1,2t>)) Net CUTrent assets 51.315 105,292 Total assets less current liabllftles 1S1.585 104292 Net assets excluding penslon asset 151,585 YO4292 Total net assets 151.$85 104292 Charlty funds Restricted furKIs Uniestricted funds q1 11 151.585 105,292 Total funds 151A85 105.252 The financial statements vme approved and authoris&l for i&8ue by the TNstees on 07 DeCber 2023 and signed on their behalf by Sward MBE Chair of Trustees The notes on pages 9 to 17 fomi of these financ1 statentS. Page 8
.%UNCOLNSHIRE' URAL-.&"AGRICU NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30 JUNE 2023 General Inforniation Lincolnshire Rural & Agricultural Chaplaincy is a Charitable Incory)orated Origanisation (CIO), registered in England & Wales. The registered Offi of the charity is Linojlnshire Showground. Grange-IIngs. Lincoln. Lincolnshire. The principal objectives of the charity are to adrdnce the phsyical, mental health and spiritual well-being of persons resident in Tural Greater Lincolnshire by supporting and securing the continuation of the Lincolnshire Agricultural Chaplains for the public benefiL The financial statements are prepar1 in wjund sterliThJ {£) lch is also the functional currency of the Charity. Accounting pOrleS 2.1 Basis of preparation of financlal statements The financial statements have teen prepared in accordan wilh the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Starmlard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102> and the chareS AGt 2011. The financial statements have been prepared to give a INe and faif view and have departed from the Charities (Accounts and Reports) Regulations 2008 onty to the extent required to provtde a Irue and fairf view. This deparbjie has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting arKI Reporttng by CharitÈes: Statement of Recommended practi effective frrTh 1 April 2005 which has since been thdraWn. Lincolnshire Rural & Agricultural Chaplaincy meets the definition of a public benefft entty under FRS 102. Assets and liabilities are initially reccsnised at historical cost or transaction value unless otherwise stated in the relevant lUnting policy. 2.2 Income All income is recognised once the Charity has entttlernent to the inc(xne. tt is probable that the income will be received and the affi(nt of inciyne receivable can be measured reliabty. The recognition of income from legacies is dependent on establishing entiknent. the probabilty of receipt and the ability to estimate with sufficient accuracy the amount reeable. Evidence of entitlement to a legacy exists when the Charity has sufficient eviden that a gfft has been left to them (through knowledge of the existe1e of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be requirgj to satisfy claims in the estate. ReIpt of a legacy must be recognised when it is probable that it will be received and the fair value of tha amount r8coivabl8. which will generally be the expected cash amount to b8 distributed to tha Charity, can be reliabty measured. Granls are included in the Statemtt of Financial Activibes on a receiwdble basis. The balance of Income received for specific purposes but not expended during the period is shown in the relevant funds on the Balan SheeL Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferr1 income. Where entitlement occurs befo income is r1ved, the income is accNed. Page 9
UNCOLNSHIiiE RUIiAL*&'AGRiCULTURAL,'.CHAPLAINCY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Accounting policies (continued) 2.8 Fund accounting General funds are unrestrthd funds whith are available for use at the discretion of the Trustees in furtheran of the general Objecti of the ChaTity and which have not been designated for other purposes. Income from donations and legacies Unrestricted funds 2023 Total funds 2023 Donations 58.950 58,950 Unrestiicted fvnds 2022 Tot81 fijnds 2022 Donations 114,426 114,426 Expenditure on ralsing funds Costs of ralslng voluntary income Unrestricted funds 2023 Total funds 2023 Market5ng 10.915 10,915 Page 11
UNCOLNSHIRE RURAL &": NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30JUNE 2023 Expenditure on raising funds (continued) Costs of raising voluntary income (continued) un1cted funds 2022 Total funds 2022 Marketing 707 6, 707 Analysis of expenditure on charitable activit Summary by fund typo Unrestricted funds 2023 Totsl 2023 Charitable Activibes 2,012 2.012 Unrestiycted funds Total 2022 Charitable Athes 2,427 2,427 Anatysls of expenditure by activities Support Totsl funds 2023 2023 Charitable AGlivitses 2,012 2,012 Page 12
.UNCOLNSHIRE RUEIAL¥&- CULTURAL.'.CHAP ' NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30 JUNE 2023 Analysls of expenditure by activities (continued) Support costs Total funds 2022 2022 Charitable Activitses 2,427 2,427 Independent examinerfs remuneration The independent examinerfs remuneration amounts to an independent exaniner fee of £600 (2022 - £6), and preparation of the financiat st*ments of £600 {2022- £6(XI). Trustees. remuneration and expenses During the year. no Trustees received ary r&nuneration or cther beneffts (2022- £NIL). During the year ended 30 June 2023, no Trustee axpenses have been incurred (2022- £NIL). Fixed asset investments CCLA investments Cost or valuation Addib(xis Revaluations 1110.1)00 270 At 30 June 2023 100,270 Net book value At 30 June 2023 100,270 Page 13
NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30 JUNE 2022 10. Creditors: Amounts falling due within one year 2023 2022 Accruals and deferred income 1.200 1,2CiI Page 14
NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30 JUNE 2023 11. Statement of funds Statement of funds - current year Balance at 30 June 2023 Balance at 1 July 2022 Gainsl {Losses) Income Expenditure Unrestricted funds General Funds 105,292 58,950 {12.927) 270 151,585 Unrestricted Funds General funds - General funds are funds received Yknich are available for use at the discretion of the Trustees in furtherance of the general objectNes of the Charity. Page 15
¥."- LINCOiNSHIFIE.RURAi & AGRICULTURAL.CHAPLAIP4CY:" NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 11. Statement of funds (continued Statement of funds - prioT year Balan at 30 June 2022 IrKome Expenditutp Unrestrfcted funds General Funds 114,426 (9, 134) 105,292 12. Summary of funds Summary of funds - current year Balance at 30 June 2023 Balance at 1 Juty 2022 Gainsl Income Expendlture (Losses) General funds 105,292 (12.927) 270 151,585 Summary of funds- prioryear Balan at 30 June 2022 Income Expendknre General funds 114,426 (9. 134) 105,292 Page 16
NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30 JUNE 2023 13. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestrlcted funds 2023 Total funds 2023 Ftxed asset investsnents Cutrent assets Creditors due within one year 100.270 52.515 (1.200) 100,270 52,515 (1.200) Total 151.585 151.585 14. Related party transactlons Donations income includes income from received Trustees. The Trustees do not receive any preferential benefrts or services for their donations and have not attached ary conditions which would require the charity to alter significanlty the nature of ifs existiffj objectives consequenty. the amounts have not been individualty disclosed. Page 17