Chanty number: 213851 LINCOLN MUNICIPAL RELIEF IN NEED CHARITY INDEPENDENTLY EXAMINED UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 2022
hlNFFbN MUNICIPAL RELIEF IN NEED CHARITY CONTENTS Page Reference and Admini$trativ• Datai18 of the Charlty, Its Trustees and AdYlser8 Tru¥tses' R8POrt lrtd•pandont ExamineV8 R¢port ststement ot Financial Activiti•s Balancg Sheet Notes to the Financial Statem*nts 9-17
LINCOLN MUNICIPAL RELIEF IN NEED CHARITY REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 25 MARCH 2022 Trust•gs Councillor Brolhwell, Nominative Trustee Councillor Hewson, Nominative Trustee Councilloi Bushell, Nominativa Trustee J Hansard, Chair of Trustees Ico-operalivel J Handley. Co-OFtrative Trustee V Cohen, Co-operative Trustee P Vaughan, Co-operatwe Trustee J Kendall, Co-operative Tru$tee J E DiGkinson, Ctroperative TTUStee E Denby. Co4)pèratNe Trustee S Burke. Crtroper*ive Twstee (appointed S May 2021) Charlty rngi8tored number 213651 Prlncipal offico PO Box 1291 Lincoln LN5 SRA Ind•p•ndent Examlnef Linda LoTd Bsc FCA TEP Streets LLP Tower House Lucy T0r Street Lincoln LN1 1XW Bankers HSBC PLC Stonebow Branch 221 High Street LI[OIn LNI 1TS TSB 68nk 12 Bank Street Lincoln LN21DP Page I
LINCOLN MUNICIPAL REUEF IN NEED CHARrrY TRUSTEES. REPORT FOR THE YEAR ENDED 25 MARCH 2022 The Trust present their annual report together with the financial statements of the charity for the year 28 March 2021 to 25 March 2022. Oblectiv¢s and activiti . Poliei•s and objectlves To generate income from the assets of the Charity's funds and then apply that income principally lo relieve residents of th8 City of Lincoln who are in ndItionS of need, hardship and di8tress. In setting objectives and planning for aclivitr'e5, the Trusiees have given due Gonsideration to 9en¢ral guidance published by the Charity Commission relating to public benefft, including the guidance 'PUbl benefit". running a charity IPB21'. b. Maln actNltles undertakgn to further the charity's purpoB•8 for the public bon•fit The Trustees usè the seNices of the Stock Brokers Brewin Dolphin lo obtain the best return on the Investments for ¢apilal growth and income. They also use Jas. Martin and Co. Land Agents to ensure the best rental return on the farms. The Trustees ty to ensure that all possible income is dlstrlbuied by way of 9ranis to the public who a in need. The Trusteès have regard lo the Charity CommissKJn's guldance on public trEnefil. stratgglc report Achigvements and perfonnan¢e a. Main achiavomonts of the charlty The Charty achieves ils only purpose, i.e. to distribute ineorne by way of grants to Ihe public who are in ne&Y. During the year ended 25 M8rch 2022, the charity awarded 122 grants12021- 110 grants). Financial ro¥1ow a. Golng concem After making appropriate enquirtes, the Trustee5 have a reasonab18 expect8tion that the charity has adequatè resources to continue in operational existen for the foreseeable future. For this roason, they Continue to 8d¢)pt the going concern basis in preparlng th8 financial statements. Further details r898rding the adoption of the going con¢ern basis ean be found in thè accounting policies. b. Re¥$rrfes pollcy The levels of reseNes of the charity are maintsined and fluctuate accordlng to the market value of the investments. A substantial part of the income of the charity is Investment Income 2nd rentsl income which necessitatas such a high level of resgrve. The Trustees reW the level of raserv85 held by thè chaTty at regular interv81s. Grants are made onty in accordance with avallable funds. The fixed running costs of the charity are extreme low and as a rèsult the charity could funth.on wlth free reserves of just £5,000. Trustees ¢onslder the amount of reserves heid at the year end- lunreslricted funds amounting lo £2,465,512, of whkh £2,000,000 is held in investment property) lo m*t the Wuifemenls of the ¢harty. Page 2
UNCOLN MUNICIPAL REUEF IN NEED CHARITY TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 25 MARCH 2022 . Matsrial Invostments policy Brewin Dolphln, stockbrokers provlde twlce-yearty valuauons of the charity's investments and adwse the Trustees at thesr meèting of any change in those investrnents which they think approprlale. The Trustees have opted to use Brewin Dolphin's Discretional Investment SeNices. Structur8. governance ond managgment a. Constiiutlon Lincoln Municipal Rellef in Need Charty 18 a regislered charty. number 213651, and is constrtuted under 8 Charity Commission Scheme. b. M•thods of appointment or el•¢tlon of Trustees The mana9ement of the charity Is the responwbility of the Trustees who are elected and eo-opted urKler the temis of the Charity CommissK)n Scheme. . Oryanlsatlonal 8tructurg and decl$ion4naking pollcles The r8gistefed offlce and names and a¢Jdress of Advisers are set out on the preou$ page during the year nder review, as are the trustees. The body of trustees con81sts when completè of tan persons being thr& nominative Iruslees and seven Cc operathje trustees. Nominatwe trustees are appointed by the council of the City of Lin¢oln for a term of four years. The person appointed may or may not be a member of the council. co-operats.ve trustees arè persons, who through residen occupation or employment have special knowledga of the City of Lin¢oln. They are appointed by a resolution of the trustees passed at a special meellng of which not less than trnty sevèn days nolits has been gwen. The tsrm of office of the co-operative trustees is at the discreb.on of the Councsl. The TTUStees during the year were Nomlnatbvg Trustèes Councillor Brothwell Council101 Hew50n Councillor Bushell plicalions are accepted in a design*ed forn by the Clerk who has authorty from the Tru$tees to maka grants of up to £300 in any case or up to £500 with the Chaimian's approval. Donations in excess of £500 are approved at a full Trustees, meeting PFior to being pald. Decisions are raIrf at the next Quarterly meeting of the Trustees. The Trustees iely upon Iheif Stockbrokers for advice on Inveslment from whom they recewe f8gulaT reports.The Charity doss not ongage in fundraising. d. Pollcies adopted for thg inductlon and trnining of Trustegs The clerk sends to each new Trustee 8 copy of the accounts, the Charity Scheme, the rEw sheet and the application form foT grants. Those documents conlaln all the relevant information for the working of the Charty and the clerk will assist with any points whiGh nged clariflcation. The clerk updÉtes Trustees from time to lime on new lagislation and new pracb"ces. Page 3
LINCOLN MUNICIPAL RELIEF IN NEED CHARTTY TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 25 MARCH 2022 Structur•, governance and mana9•ment Icontinu•dl g. Flnancial rfsk management The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and financgs of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. Plan$ for futyre perf<xls Tho charty is unlikely to reeeiva additional monies except for an occasKsnal legaw. Any such18gaGy is treated as income for the chantsble purposes. The charity does not take part in fundraising so wil continue to operate in its current manner. Statement of Trusteès. responslbilltles The Trustees are responsible for preparing the Trustee5' Report and the financial 8tstements in accordan wlth applicable law and United lfjngdom Accounting Standards (United Kingdom Ggneralty Accepted Accounting Practi(%l. The law applicable to chari11gs in England & Wales requires the Trustees to piepare financia1 statements foT each financial year which give a true and fair view of the stsle of affairs of the charity and of its incoming resour and applicatson ol resources, including its irwme and éxpendkture, for that period. In preparing these financial statements. the Trustees are required to.. sdecl sutsbie accounting policies and then apply them Gonsistenlly," observe the methods and princip185 of the Charities SORP IFRS 1021., maka judgments and accounting estimates that are reasonable and prudent". state whether applicable UK Accounting Standard5 {FRS 1021 have been follow3. subject to any malerpl departures disclosed and explained in the financkql statements", prepare the financial ststèments on the going concem basis unle55 (( is inappropriate to presume that the charity will continue in busines8. The Trustees are reSpOnsle for keeping adequate accounting records that are strfficient to show and explain the charity's transactions and disclose wth Teasonable accuracy at any time the financial position of the charity and enable them to ensL¢re that the financial stslements comply with the Charities Act 2011, the Charity {Aecounts and Reports) RegulatK)ns 2008 and the provisions of the Charity Commission Scheme. They are a180 responsible for safeguarding the assets of the charity and hence for taking reasonabk step$ for the prevention and detection of fraud and other irregularities. Approved by order of thè membars of the board of Trustegs on 19 January 2023 and signed on their behaW by.. J R Hansard Chair of trustees Page 4
LINCOLN MUNICIPAL REUEF IN NEED CHARrrY INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 25 MARCH 2022 Indepandent Examinerfs Report to the Trustee¥ of Lin¢oln Munlclpal R8lief Én Neod Charity l%he charity'} I report to the chaTity Trust on my examsnation of the accounts of the chaTity for the y8ar ended 25 March 2022. R•sponslbllitio8 and Basis of Roport As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charitiès Act 2011 I'lhe 2011 ACV). I report in respect of my exarnination of the char¥Vs accounts fArried out under section 145 of tho 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under se¢tion 145151{b) of the 2011 ACL Pag8 5
LINCOLN MUNICSPAL RELIEF IN NEED CHARITY INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 25 MARCH 2022 Indepondent Examinerfs Statsmont Your attention is drawn lo thè fact that the charity has prepared the accounts in accordance Wlth Accounting and Reporting by Chaiities.. Stalement of Recommended practi applicable to charrkies preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republ of Ireland {FRS 1021 In preference to the Accounting and RerK>rting by Charrti¢s'. Statement of Recommended Practica issued on 1 April 2005 which is referred to in the extant regulations bul has been withdrawn. l understand that this has been done in order for the accounts to provide a true 8nd fair view in accordance wth the General Accepted Accounts'ng Practice èffectiv8 for reporting periods beginnirsg on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in Connection with the examination giving ffle cause to believe that in 8ny material respect.. counting records were not kept in res of the challty as requirgd by section 130 of the 2011 ACL or the occounls do not accord with those reo)rds", or the accounts do not Comply with the applicable requirements eonceming the forni and nIent of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and faif view which is not a matter considered as part of an independent examination. I have no concerns and have Come across no other matters in connection with the 8xaminatiorJ to which attention should be drawn in this report sn order to enable a proper undefstsnding of the accounts lo be reached. This rew)rt is made 8018ty to tho charitls Trustees, as a bo(ty, in #ceordance with Part 4 of the Charities (Accounts and Reports) F<egulations 2008. My work has been undertaken SD that I might stale to the charivs Ttus18es those matters l am require(I to slate to them in an Independtnt Examinerf8 Report and for rlo other purpose. To the fullest èxtent pèrnied by law, I do not accept (x assume responsibility to anyone other th8n the tharity and the chartvs Twstees as a body, for my work orfor this report. Signed." Datsd. 1410212023 Linda Lord Bsc BFP FCA TEP Streets LLP Tower House Lucy Tower Street Lincoln LN1 1XW Page 6
LINCOLN MUNICIPAL RELIEF IN NEED CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 25 MARCH 2022 Unr•strlct fund8 202Z Total funds 2022 Total runds 2021 Nots Income from: Investments 40.580 40,580 40.966 Total Incom¢ 40.580 40,580 40.966 Exponditur• on: Raising funds Charitable actItiO$ 4,095 27.958 4095 27.958 3,420 30.591 Total expenditu 32.053 32,053 34.011 Not income befor• ft•t gains on invostmonl8 Nel gains on investments 8.527 18.665 8.527 18.665 6.955 85,052 Not movement in funds 27,192 27.192 92,007 RKon¢lllation ot fund$: Total funds brought forward Net movement in fund8 2A42,088 27,192 2,442.088 27.192 2,350.081 92,007 Totsl funds carriod fobward 2,469.280 2.469,280 2,442.088 Th8 Statement of Finanaal Acttvitiès includes all gains and10s8es recognised in tha yaar. The notes on pages 9 to 17 fomi part of these financial statements. Page 7
LINCOLN IIIUNICIPAL RELIEF IN NEED CHARrrY BALANCE SHEET AS AT 2$ MARCH 2022 2021 Nota Flxod assèts Inveslments Investment propety 431,630 2.000,000 414,844 2,000,000 2.431.630 2,414,844 Currnnt a880ts Debtors Cash at bank and In hand 3.350 39,SlO 35,754 42.860 35,754 Creditors.. amounts falling due within one 10 (S.2101 (8,510) Not ¢urrent assots 37,650 27,244 Total assgts le88 currnnt liabllttl8B 2,469.280 2,442,088 Net assots excludlng pen$lon assot 2.469.280 2,442.088 T¥)tsl net as80ts 2,469.280 2,442,088 Charlty funds Restricted funds Unrestricted funds 11 2,469.280 2.442,088 Total funds 2.469,280 2.442,088 Th8 financial statements were approved and authorised foT issue by the Trustees on 19 January 2023 and 8i9nwl on their behalf ty. J Hansard Chair of trustees The notes on page8 9 to 17 forni part of thesa financial statements. Page 8
LINCOLN MUNICIPAL RELIEF IN NEED CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 2022 Gongral infomiatlon As set out in the Trustee's report, Lincoln Municipal Relf in Need Charity is an unincoTpof8ted registered charityin England & Wales. The principal office (rf the charity is Durrus. Scothern Lane, Dunholme, Lincoln, LN2 3QP. These financial statements have been prepared in sterling, whth the functional ¢urrency ol the entity. The principal objecttve ol the charity is to generate income from the assets of the Charivs funds and apply that Income principally to Telleve residents of the City of Lincdn who are in conditions of need, hardship and distress. Aceounting poli¢ios 2.1 Basls of proparation of financial 8t8t•monts The financial statements have been prepared in accordance the Charities SORP IFRS 1021 Accounb"ng and Reporting by Charrties.. Statement of Recomsnended Practice applicable to chariti89 preparing their accounts in accordance with the Financial Reporting Standard 8pplicable in the UK and Republic of Ireland IFRS 1021 {effecb"ve 1 January 20151, the Financial Reports"ng Standard applicable in the UK and Republic of Ireland IFRS 102) and the Charf£ies Act 2011. The financial statements have been PTep8red to give a 'true and fail view and have departed from the Charities IAccounts and Reports) Regulations 2008 only lo the extent required to Prole a 'lrue and faif view. This departure has invofved following th8 Charitss SORP IFRS 102) published on 16 July 2014 rather than the Accounting and Reporbng by Charities". Statement of Recommended Prath"ce effective from 1 April 2005 which has since been wrthdrawn. Lincoln Municipal Relief in Need Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilib.es are initialty rècognised at historical cost or transaction value unless othe¥wi$e staled in the relevant accounting wlw. 2.2 Incomo l income is recognised once the charty has entivemenl lo the income. it is probable that the income will be reNed and thè amount of income recwvable can be measured reliably. Income tax recoverable in relation lo investment inccn8 is recognised at the time the investment income is reIVable. Page 9
UNCOLN MUNICIPAL RELIEF IN NEED CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 2S MARCH 2022 Accounting policias {¢ontinuod} 2.3 Expgnditurn Expendtiure is rec<yJnised On there is a legal or constructive obligatKJn to transfer èconomic benefit to a third paty. it is probable that a transfer of economic beneftts will be required in settloment and the arRount of the oblvJation can be measured reliably. Expenditure is classrfied by &tiwty. The costs of each are made up of the total of direct costs and shared costs, induding support costs involved in undertaking gach actiwty. Direct costs attributablè to a single activity are all(ated directly to that aclivty. Shared costs which contribute to more than one activity and support costs which arg not attributable to a single activity are apportioned betsveen those actmties on a basis consistent the use of resources. Central staff costs are allct*ed on the basis of lime spent, and depreciation charges allctsted on the porb.on of the asset's use. Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising actiwtses ev6nts and non-charitable trading. Expenditure on charitable activities is incurred on diredy undertaki the activfties whith further the charity's objectives. as well as any a$sl81ed supwrt costs. All expenditure is inclusive of irrecoverable VAT. 2A Intgrgst rec6lvab Interest on funds held on deposit is included when receivable and the am¢)unl can be measured reliab by the chaty., this is normally upon notrficalion of the interest paid or payable by the institution w.th whom the funds are deposited. 2.6 Investment6 Fixed asset investments are a fom) of financial instrument and are initialty recognised at their transaction cost and subs$qutrntly rneasured at fair value at the BalanGe Sheet date. unless the value cannot bè me8$ud reliably in which case it is me8sured al cost less inpairnient Investment gains and losses, whether realised or unrealised, are combined and presented as 'GainsllLosses) on inv88tments' in the Ststement of Financial Ackn"vitie5. 2.8 D•blor8 Tr8de and other deblors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid n81 of any trade discounts due. 2.7 Cash at bankand In hand C8sh 81 bank and in hand includ&s cash and short-lemi highly liquid investments with a short maturity of three months or $$ from the date of acquisition or opening of thè déposit or similar account. Page 10
UNCOLN MUNICIPAL REUEF IN NEED CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 2022 Accounting poli¢l•s {continu¢dl 2.8 Llabilitlos and provisions Liabilits"es are recogni5ed when there is an obligation at the Balan Sheet date as a result of a past event, il is probable that a transfer of economic benefit will be required in setuement, and the amount of the settlement can be estsmated llabty. Liabilits"es are recoJnised at the amount that the charity anticipates fi will pay to settle the debt or the amount il has received as advanced payments for the g)od8 or services it must provth. Provisions are measured at the best astimat8 ol the amounts required lo settle the obligation. Where the effect of the time value of money is material. the provision Is based on the present value of those amounts, discounted 81 the pre-lax discount rate th8t refi* the risks specrfic lo trse liability. The unwinding of the di%ounl ts recognised in the Statement of Financial Actwities as a financg cost. 2.9 Flnancial instruments The Charty only has financial assets and financial liabillties of a kind thal qualfy as basic financial instruments. Basi¢ financial instruments are initially recognised at transaction value and subsequently measured al their settlement valuè with the exception of bank loans which ore subsequently measured at amortised cost using the effgctive int8resl méthod. 2.10 Fund accounting General funds are unrestricted funds which are available for u88 at the discretion of the Trustees in furtheran of the general objectives of the charity and whth have not been designated for other purposes. Investment income. gains and losses are allocat to the approprkgte fund. Investment Incom• Unrgstricted funds 2022 Total funds 2022 Line Sth Fam Invèstment income from list8d investments Swayfi8ld. Corby Glen K&HPStrude Bank interest rgceNed 4,750 8,711 27,000 115 4.750 8,711 27.000 116 40.580 40,580 Page11
LINCOLN MUNICIPAL RELIEF IN NEED CHARtrY NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 25 MARCH 2022 Investment income {¢ontinuedl Unrpstncled fvn(ts 2021 Total funds 2021 Investment income- l(Trl investment properties Income frcffi local listed investments Investment income- sub$idiaries. assoc¢ates and conn¢¢t8d companies Investment income- oth¥r local unlisted Investment incgma - local cash 4,860 9,081 27,000 12 13 4,860 9,081 27,000 12 13 40,966 40,966 Invostmont managomgnt ¢osts Unrnstricted funds 2022 Total funds 2022 Investment managemant faes 4,095 4,095 Unre8tncted funds 2021 Tot81 funds 2021 Invesknent management fees 3,420 3,420 An41y$b of •xp•ndlture on charit•blg #cti¥itl•s Summary by fund type Unr•striet funds 2022 Total 2022 Direct costs 27.958 27.958 Page 12
LINCOLN MUNICIPAL RELIEF IN NEED CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 25 MARCH 2022 Analysis of expenditure on charitable aGtiviti•s (contlnuedl Summary by fund type {continuodl UnSIrled funds 2021 Total 2027 Direct Costs 30.591 30,591 Trustee8' remuneration and gxp•nse8 Durlng the yeaf, no Tr4Jsle8s received any remuneration or other benefts f2021- £NIL). During the year ended 25 March 2022, no Trustee expenses have been incurred (2027 - £NIL). Invostment propgrty Fr••hold Investment property Valuation At 26 March 2021 2.000.000 At 25 March 2022 2.000.000 The property was revalued in 2019 by Jas. Martin & Co. The valuations were m8de on an open market basis for existing use. The Iruslees cons)der the valuation of the property remains appropriate. Pagè 13
UNCOLN MUNICIPAL RELIEF IN NEED CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 2022 Fixod ass InveBtmonts Unllsted Inveskngnts Cost of valuation At 26 March 21 Additions Disposals Revaluations 414.844 33,518 {35,9891 19,257 At 25 March 2022 431.630 Not book v•lu At 25 March 2022 431,630 At 25 March 2021 414,844 Debto 2022 2021 Due within one y•ar Other debtors 3,350 3.350 10. Cr•dltorn: Amounts falling du• within on• ygar 2022 2021 Bank overdrafts Accruals and defeed income 2.490 2,720 8,510 5.210 8.510 Page 14
LINCOLN MUNICIPAL RELIEF IN NEED CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDÉD 25 MARCH 2022 11. Statoment of funds Statemènt of funds- ¢urr•nt year Balance at 26 March 2021 Balance at 26 MaKh 2022 Galn (LoBses) Income Expenditure Unre8tri¢ted fund8 General Fund5 Propaty Reserve 2.000,000 442.088 2,OlX).000 469.280 40.580 (32.053 18,665 2A42.088 40,580 132.0631 18.665 2A69,280 Statomont of funds- Prloryoar Balance at 26 M8rch 2020 Balance at 25 MarGh 2021 Gains/ (Losses) Income £Kl?ditU Unr•8trictod funds General Funds Property Reserve 2,000.000 3&).081 2,000,000 442.088 40,966 (34,011) 85.052 2,350,081 40,966 (34,011) 85,052 2,442,088 12. Summary of funds Summary of fund6- current year BalanGg at 26 March 2021 Balance at 25 March 2022 Gainsl (Losses) Income Expenditur• Gener81 funLts 2N42.088 40.580 (32.0531 18.665 2A69,280 Page 15
UNCOLN MUNICIPAL RELIEF IN NEED CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 2S MARCH 2022 12. Summary of funds Icontinuod) Summary of funds- prior year BalanGe at 26 Ma 2020 Balan al 25 Mah 2021 Gai (Losses) Income Exwdilure General funds 2.350.081 40,966 (34.011) 85,052 2.442,088 13. Analy318 of net assets batween fiinds Analysi8 of net assets betwpen funds- current y•ar Unrestricted fund8 2022 Total funds 2022 Fixed asset invesbnents Invesknent property Current assets Creditors due within one y8ar 431,630 2,000,000 42,860 15,210) 431.630 2.000,000 42.860 (5,210) Total 2,469,280 2A69.280 Anawsls of net ass•ts betwo•n funds - prior yoar Unrg$tiycted funds 2021 Tol81 funds 2021 Fixed asset investsnents Investment property Current assets CrlIOrS duo Within one year 414,844 2,tX70,000 35.754 (8,510) 414,844 2.000,000 35,754 {8.51OJ 2,442,088 2,442,088 Total Pagè 16
LINCOLN MUNICIPAL RELIEF IN NEED CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 hlARCH 2022 14. R•l•t•d party tran8•¢tlon8 The charity has not enter into any rolatsd paty tTansaclion during the year, nor are ther8 any outstanding balances owlng befven related parts"e8 and the charity at 25 March 2022. Page 17