Charity number: 213651 LINCOLN MUNICIPAL REUEF IN NEED CHARITY UNAUDrrED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 2024
UNCOLN MUNICIPAL REUEF IN NEED CHARrrY COErS Page Reference and Administrdtive Details of thè Charity. its TTUStees and Advisas Trustees. Report Independent Examlnerfs Report Statement of Financi41 Activiltes Balance Sheet 10 Notes to the Financial Statements
UNCOLN MUNICIPAL RELEF IN NEED CHARrrf REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARrrY. Irs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 25 MARCH 2024 Councillor Hewtson, N¢m)inali4e Trustee Councilkir Bushell, Nominative TTUStee Ires3ned 21 May 2024) J R Hansard. Chair of TTUSts IC{} V Cohen. Cw*rative Trustee P VaL¢ghan. C(wratsve Truslee J Kendall. c()ratiVe Trustee J E DKkinson. Ctr(watNe Tfustee E Denby, Cperate Trustee 13 JurE 2023) Counallor McNulty. Nffliinative Trustee (reswJned 21 May 2024) Councillor Bean. natE Trustee (appointuj 21 May 20241 Councilloi Piiichard, NominatNe Trustee (aFyoinlgJ 21 May 20241 E Harding (apF¥t 6 2023) Charity rggistered number 213651 Principal of PO Box 1291 Lirwln LN5 5RA Independent Examiner Linda LO Bsc FCA TEP Streets LLP Tower House Lucy T(Mer Street Lincoln LN1 1XW Bankers HSBC PLC stonetthv Branch 221 High Street LrIn LNI ITS Pag8 1
UNCOLN MUNICIPAL REUEF IN NEED CHARITY STATEIIIENf OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 25 MARCH 2024 UnStrIcted funds 2024 Total funds 2024 Tofal funds 2023 Income from: Donatsons and legac8." Transfer from Lincdn Genernl t*sSary Furxl Inves1ments 369A31 47.589 369.431 47.589 42.OTO Total incomo 417.020 417.020 42070 Expenditure on: Raising funds Chantable arAivt 4,516 42.478 4.516 42.478 3,816 39.774 Total expenditure 43.590 Net ineomel{expenditurn) before net gainsl(k>sses) on investments Net gainslllc6ses) on investsnents 370.026 370,026 49.292 (1,520) (60,283) Not movement in funds 419.318 419A18 (61.803) Reconciliation of funds- Totsl funds brought forward Net movement in funds 2.407.477 419.318 2A07A77 419.318 2.469.280 (61,803) Total funds carried forward 1826.795 2.826.PJ5 2.407,477 The Statement of Financial Acbvibes all gaEns aml los rnISed in the year. The notes on pages 11 to 18 fomi part (rf these finaTMia statwnents. Page 9
UNCOLN MUNtCIPAL REUEF IN NEED CHARirf BALANCE SHEEr AS AT 25 MARCH 2024 '" 2024 2023 Fixed assets IrNestments Investrnent propety 787,539 1000.000 369,259 2.000,000 1787,539 2,369.259 Debtors Cash at bank and in hand 10 4,866 39.603 2.491 40,390 42.881 Crlitors. amounts fairing due wrthin one 11 (5,213) (4.663) Not current assets 38,218 Total assets less current liabilities 2,826.795 2,407,477 Net assets Excluding pension asset 2.826.795 2.407.477 Total net assets 2.826.795 2.407,477 Charity fund8 12 UnrestTfted fuThYs 12 1826.795 2.407,477 Total funds 2.826.795 2,407.477 The financBI statements were approved and authorised for issue by the Trustees on 04 December 2024 and S•3ned on their behalf by. J R Hansard (Chair of Trustees) The notes on pages 11 to 18 furm part of th8se finaTwI stalements Page 10
UNCOLN MUNICIPAL RELIEF IN NEED CHARtrY NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 25 MARCH 2024 Generdl InfOnlon As set out in the Tnjstee's rewrL Lincdn MunicFpal Reiief in Need Charity is an unin(xJrporated regtstered charty"n Engfand & Wa. The pmcip81 offK of the charity is PO Box 1291. Lincoln. LN5 5RA. These financial slatwnents have In prepared in sterlwy. which 19 the funcknDal uJrrency of the enth'ty. The principal obj'ective of chanty is to generate income frcmn the assets ot the Chanty's fund5 and appty that Inc princp311y to reaeve t(knts of the City of Lincoln ar North Hykeham WIK) are in conditrons of need. harrlshp and distress. Accounttng policies 21 Basis of prepardtI( of financial slataments The financBI statements have rryar&Y n aC£Ordan with the Charthes SORP (FRS 1021- Ac£ounting and Rerh.ng ty Charities.. Ststanent of Re(xmmended Practice awlicable to chariti"e5 preparing their accnunfs in acCrda wth the Financial Rewfb"ThJ StarKlard apFICab1e In the UK and Repub of Ireland {FRS 11Y2) (efferthE 1 January 20151. the Financ¢al Reporbng Standard applicable in the UK and Repubk of IrelaThJ {FRS 102) arKI the chare$ Ad 2011. Charittes {Acwunts and Re[ls) RlatIonS 2008 only to the extent required to prowde a 'lrue and fai¢ view. Thts departure has inw)Ived foliowng the Charittes SORP {FRS 102) published on 16 Juty 2014 rather than the Accounting RerKJrb"ng by CharFties." Ststement of Recommended Lincoln MUnial RdEf m Need Ctrnty m the definilM)n of a public LEnefft entr'ty under FRS 102. Assels and liakn"hties are initially raxKJnll at hi5tortcal or knsaction value unless otheEwise stated in the releyant a(xountiro wjlicy. 22 Incomo AJI inrne is recconised On the chwty has entttkment to the 1Cne, rt is probable Ihat the In(X w81 be received arKI the amount of irrnme recwabk can be measured reliably. Income tax recoveraAe in relalk)n to irfyestment irthne is raxwis&l at thè tTrne th8 inv8Stment income is r[vable.
LINCOLN IAUNICIPAL RELIEF IN NEED CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 l•lARCH 2024 Accounting policies (continued) 13 Exp•nditur8 Expend[lu is rWnJs1 ore there is a constructive oblFgalJ'on lo transfer economic benefft to a third paty. it is wobable that a transfer of economFC Eenefils will be rEquired in settlement and the amount of the objigation Izn be measured reliabty. Expendibjre is classified by acbvity. The casts of eath a¢ are up the total of direct cosls and shared costs, indudin9 SUWX)rt costs 1ved In untsrtaking each acbvtiy. Direct costs attrt'butable to a single actsvity are alhxd directy to that activty. Shared costs which conknbute to more than one ath.vty and support (x)sts which are t attributable to a single activty are aprK)rtKJned behyeen those actrwbes on a basis consistent with the U of reSr. Central staff costs are alk)cated on the basis of tune S[( th )rtiOn charges alkXz on the port]"on of the assevs use. ExFerKMure (m rasing funds WudeS 8i1 eXllUre irairre(I by the ch8tity to raise funds for its charitable pury)oses and induts costs of all fundraL4TrJ &tivJti'es events and non-chaiilable trading. chariVs 014hNES. as well as any assooaed support costs. All experllUre is irvjusr of wrecoverth VAT. 14 Interest rEcer¥able Irftet on funds held on deposil is incFuded when receivable and the amount can be measured re1[ab by Ihe chaFty, this is norrnalty utxm nobfrion of the interest paid or payable by the InstituthJn wtth thom the funds e dewS1tl. 15 Investments Ftxed asset In*Stm * a f(Km of finala1 inslwMt and are initslty recognised at their transacbon cost and sut6Cfwerty measured at frdir walue at the Balance Shet date, unless the value rannot be measured relrabty in whith case it i8 measured at Cost less Trnpaimierrt. Investment gains and bsses, whethw real or unrealised, aJE combined and Presen as 'GaIn{LoSSeS} on investrnents. In the Ststemem (rf Financial £t1tIes. 2.6 Deblo Prq)ayments e valu1 at the amount prepaid net of any trade dis(x)unts due. 2.7 Cash at bank and in hand Cash 8t bank in harKI inchjdes cash arKI short-temi highty liquid investrnents with a short malunty of three months rx jess fr(xn the date of aCquL%ltn or opening ()f the dery)sit or simllar amnt Page 12
UNCOLN MUNICIPAL IN NEED CHARTrY NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 25 MARCH 2024 Accounting polKiBS (continued) 2A Ltabilities and provlsions atmlibes are wnised whèn there ts an at the Ba13r)ce Sheet date as a resutt of a past event. tt is probabte that a transfer of 8J)ncxnic I)efft YAI QuIred in setlJnent. aThl the amount ofthe settlement C2n be estwnated re[lty. Liabilrti&% are reugnwd at the 0Vt that the charrty antr¥Ates rt will pay to sdlle the debt or Ihe amount it has receNed as a(fvanc&J patent5 for the or sereS it must FThKIe. PTovisions are measur1 at the tEst estimate of the 8mounts wired to settle the Oblation. Where the ellect of the time value of money is Mater1, the provisi is bawl on the present value of those amourts. (thscounted at the pre-tax thscount rate thal reflects the risks $tIfiC to the Itability. The un7Mnding of the discourrt ts in the Statement of Financial A(vities as a finance cost 2.9 Financial instruments The chanty onty has financHI assets and fanCIal liabilibes of a kind that qualrfy as basiG financial instrumerts. Bas fmanctal mslwments we Initial recconised at transacknn value and subsequenlly measunl at their Settlne value wrth the exception of bank toans whith ale 110 Fuml accounting General funds are unrestrKed funds are 8rdile for use at the dÈscretiw of the Trusths in purpoxs. Inveslment inrAXll< gaw6 arKI seS are elkJ(xt&l to the apprcpriate fund. Income from donations and legacias Toial funds Tofal fiinds 2023 funds 2024 Donations 369.431 369N31 The trustees of Li>1 Generdl Diswsary (register1 charily numLEr 220159). a charty with overtapping aims and di&iNes. resolwj to transfer the assets and IBbfirt of the charity to Lincoln Muniapal Rel¢ef in Need Charity in order to best further the resources of the charity and &hieve public benef The transfer has en tiicjuded on the basts of the as arKJ 1otrAilies at 8 2023. the date that the Charity Commis5KJn resoSutK)n J. Page 13
UNCOLN MUNICIPAL REUEF IN NEED CHARITY NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 25 MARCH 2024 Inve8thnt income Total funds 2024 Total fvnds 2023 funds 2024 Brewin Dolthm Investrnent Inwne Line SKJe Fami Birkholme Farrns K&HPStrude Wayleaves Bank Interest 14,989 4.750 27.0(Xl 12 14.989 4,750 10,035 4, 750 27.000 12 12 116 116 722 116 t57 Tolal 2024 47.589 47.589 42.070 Unrestricled funds 2024 Totsl funds rotal funds 2023 Investment mgerent fees 4.516 4.516 3.816 Anatysts of expgnditure on tharilable *ivib¢s Sununary by fund type Unrestricted funds 2024 Total 2024 Total 2023 Direct costs 42,478 42A78 39. 774 Total 2023 39,774 39.n4 Page 14
LThICOLN MUNICIPAL RELIEF IN NEED CHAMrf NOTES TO THE FINANCIAL STATEIAENTS FOR THE YEAR ENDED 25 IAARCH 2024 DurÉng the yEar. Tnjstees retxi%BJ remuneratK>n or (ther 12023. £NIU. During erKlgJ 25 March 2024. no Tntstee ex[)SeS ha iTred (21r23. £NIL}. Freehold investment property Valuation At 26 Marth 21Y23 2.000.ODO 2.000.01)O Al 25 Manth 24 The property vrds fomTrty reRltd in 2019 by Jas. Atsrttn & Co. The wauati$ wwe m on an on matket basis for e5b'ng use. The Injstees c(xw(kr the vathlion of the pr(wty remains appr(wnate. Fixed asset Investments Unlisted investments Cost or valuation At 26 Mari* 2023 Additn$ 369.259 458.841 (87.678) 47.117 DisrK)sals Revaluations 787,539 At 25 Marth 2024 Net book valuo 787,539 At 25 2024 369.259 At 25 2023
UNCOLN MUNICIPAL RELIEF IN NEED CHARITY NOTES TO THE FINANCIAL sTATEhIEDs FOR THE YEAR ENDED 25 MARCH 2024 13. Summary of funds Summary of funds. current year Balance at 26 March 2023 Balance at 25 March 2024 Galn (Los5es} Income Expenditure General fvnds 1407.4TI 417,020 (46.994) 49.292 2,826.795 Summary of fvnds - priory Balan al 26 March 2022 Balan al 25 March 2023 Gain lrn ExpQndkn (LoS) General funds 2,469.280 42,070 (43,590) (60.283) 2,407,477 14. Analysis of net assets beiween funts Anatysts of net assets bètween funds. curnnt peiiod Unygstricted funds 2024 Total funds 2024 Fixed asset invesbmerts Invesknent property Current a&%ets Creditors due wthin one Jpar 787,539 2,(XJO.000 44.469 (5.213) 787,539 2.OlXI,000 44.469 152131 Total 2.826.795 1826.795 Page 17
UNCOLN MUNICIPAL REUEF IN NEED CHARrrY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EI4DED 25 MARCH 2024 14. Anatysis of net assets between fvnds (Continued) Analysi8 of net assets batweon funds . prior Deriod Un$trled ds 2023 Totsl funds 2023 Fixed asset inves)Ynents Investment propety Current assets Crwjilors due within one year 369,259 369.259 2,OCKI,0 2,000.000 42881 42,881 (4.663) (4,663) Total 2.407.477 2.407.477 15. Related party transactlons The truste&s resoFNEd to transfer the assets and fHbifities Lincoln General DispeTrsary to Lincoln Muni(ipal Relief in N•Y Chartty This transfer bYa5 en*ed 8th Oecembei 2023. Victoria Cohen is a mulual trustee. The chariiy has ted into anyother rela1 paty transxtw)n during the year. Page 18
UNCOLN MUNICIPAL R&IEF IN NEED CHARITY INDEPENDE1 EXAMINER'S REPORT FOR THE YEAR ENDED 25 MARCH 2024 Indep¢ Examinefs Rtyort to the Trustees of Ltncoln Municipal Relief in Need Charity Ilhe charity) I report to the charity Trust on my exJninat of the occounts of charity for the year ended 25 March 2024. ReSpOlbIlItieS and Basis of R0POrt As the Trustees of the cha¥rty you are res[x)nSle for the preparth of the acctsjnts in xcordance with the requrements of the Chanties Act 2011 IIIE 2011 *d}. I report in resw of my examination of the ctsntjls axounts carried out under section 145 of the 2011 Act and in catng cart my examination I have fc4kyw&l the apble DI10n$ given by the Charity Commission under 145(5Xb) of the 2011 Aci Page 6
UNCOLN MUNICIPAL RELIEF IN NEED CHARtff IND&VENDENT EKAMINER'S REPORT (coKllNUED) FOR THE YEAR ENDED 25 MARCH 2024 Indep8ndent Examlnerfs Statement Since the chartys gross income exceed1 £250,1 your examiner must L a Member of a tx)dy list in seCtn 145 of the 2011 Ad. I confirni that l am qualrfth to undertake Ihe examination buSe l am a memfrRr of {enter body here), whth is one of Ihe ltsted Your attention is to Ihe fxt thatts drIty wepard the unts in acc£)rthn with Accounb"ng and Reporting by Chartlies". Statement of Rec(xnmended Pr¥tLe to chaTthes preparing their accounts in aCrdance with Financial Reports"ng slanda app[jIe in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Repotb"TwJ by chare5." Statement of Rmended PTactrE issued on I April 2005 whth is referred to in the eknnt Tegulations bui has been wrthdrawn. l understand that this has en done in order forlhe axounts to provick a true and fair view in accordan with the Generally Ac£epled Accounbw Pr1 effi¥e for TeFMlrtirwJ twicds beginTring Im or after 1 January 2015. I have completed my examinatm. I corffiffti Ihat no matters have crme to my attetilion in I))nneCt)n wtth the examinatson gluing me cause to belie4e that in maierial re¥wt accwnting re(d$ were not keFrt in resrwi of Ihe ctwity as required by wtwjn 130 of the 2011 Act". or the COUnts do not comply the applhle Tequirynents conceming the f{ and content of aGcounts set out in Ihe Charlbes (Acrx)unts and R4Krts) RjU1]S 2008 other than any requirement that the acCEnts give a Yrue and fairf view whith is not a matter consmlered as part of an indepeTtdent exaninthon I have no conceffG and have u)me acTOSS rn dher mallers in conn&n with the examinat to which attent should be drawn thi5 report in ot(*r to en8bie a woper unckntanding of the accounts tD be react1. Page 7
UNCOLN MUNICIPAL REUEF IN NEED CHARiff INDEPENDENT EXAAIINER'S REPORT {CONTINUED} FOR THE YEAR ENDED 25 MARCH 2024 This rep)rt FS made sdety to the charrtYs Tntstees, as a body. tn COrdanCe wilh Part 4 of the Charities (AUnts and Reports) RegU[alES 2008. My work has been undertaken so that I might stale to the charitys Trustees those matters l am required to state to them in an IrM*ent Examinerfs Report and for no other purpose. To the fullest extent pemiitted by law, I Ik) not ac(¥)t &wJme respons11 to anyone other than the charity and Ihe charrws Twstees as a LKxty. for my w)rk or this report. tTraEetr. 4 Dember 2024 Linda Lord Bsc BFP FCA TEP Streets LLP Tower House Lucy Tower Street Lincol LN11XW Page 8
Charity number: 213651 LINCOLN MUNICIPAL RELIEF IN NEED CHARITY UNAUtXTED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 2024
UNCOLN IIIUNICIPAL RELIEF IN NEED CHARir CoNTEs Reference and Admlnistrative Details of tha Charty. ils TnteeS and Adviser Trustees. Report Independent Examinerfs Report Statement of Financial Activiti8S Balance Sheet Note5 to the Financial Statements Page 10
UNCOLN MUNICIPAL RELIEF IN NEED CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 25 MARCH 2024 The Trustees present their annual rewrt t(NJether with the financHI statements of the charty for the pertod 28 March 2023 to 25 March 2024. Objectives and activittes a. Policies and objectives To generate fr(xn the assets (fj the Ch8rtys funds arvj Ihen 4)pty that income principally to relieve resxaerrts of the Cty of Lincoln who are in wndtlKms of ne, hardshp and dFslress. In setting objectives al nn1V3 for thibes. Ihe T have gi due &)nsJderalion to generdl guidance wblished by the Charity C(Mnml&sic rting to benefit. 5ncluding the guidance'Public benefit runnir¢g a charity {P82)'. b. Alain a¢t1vi undortaken to furtherthe charity% pur$8$ forthe public benefft The TTUStees u the seT4W of the Slock Brc*ers BtvAin twiin to d)18in the best retum on the Investments for caprtal growth and income. They akn use Jas MaTb'n and Co. Land Agents to ensure the best rental return tin the famis. The Trustees ty to ensJJre that all possÉbJe FTKxJme is dEstrlbuted by way ofgrants to the public who are in need. The Tnjstees have regar(1 to tt]e Charity Commissh)n's guldance on public benefEL The trustees of Lincoln General Dispensary (rjthred chanty number 220159). a charity with overlapping aims and ot¥ectr¥es. resofved lo transfer the assets ar 1obih.bes of charty to Lincoln Municipal Relief in Need ChaTFty in order to best further the 80rs of the chaTrty and achieve publ benefit. The transfer has been induded on the S1$ of the assets and liablÈbes at 8 December 2023. the date that the Charity Commission strategi¢ report A¢hievements and perfomwice a. Main aOhievenTrts of the charity The Charity achieves its onfy purtw i.e. to distribule irKJ)me by Wdy of grants to the publr who are in need. Financial review a. Going ¢oncern After making approprrate enquiries, the Trust&s habe a reasonab expectalion Ihat the charity has adequate reSoUS lo continue in operational existen for the f[tsIe futufe. For thr3 reason. they continue to adopt the going concem b3sis in prepanng the financial statemerts. Further details regarding the adoption of the going concem basis Ixn be found in the WntIng polw. Page 2
LINCOLN MUNICIPAL RELIEF IN NEED CHARITY TRUSTEES. REPORT (COTrlmuED) FOR THE YEAR ENDED 25 MARCH 2024 b. Reserves policy The levels of reserves of the charity are maintained arNJ fluctue aca)Tdlng to the maket vue of the investments. A subslanti81 part of the in(J)me ofthe chanty is InNEstment Income and rent81 income wh necessrtates such a level of reseT¥e. The Trustees revie•4 Ihe level of wrves held by the dBTity at regukn irttewals. Grants are made onw" aC£Ordan with avallabte ftJn¢ts. The rj runniru ¢Thts of the charty are extremety low and as a result the charity coukl fijnction wlth free reseFves i)f just £5,10. Twstees conslder the amount of reseryes held at the year end (unrestricted funds amounliro to £2.826.795. of £ZtKKI,ON) is hehj in invesknent propeTty) to meet the requffements of the drty. ¢. Material investmts policy Brewn Doiphln. sts)ekbrokeT5 provkle fyvice-yty of dwws [rNeStrts 8nd thise the Trusts at their nitiftg ot ary change in those investrnents whth they think 2PFKoprfate. The Twstees have op1 to use Brewti Dolphin's DiscretKThI Inent Ser¥us. structure. governance and managwrnt . Constiiutlon Lincoln Municpal RelEf fft Nd Ch4 ts a regtstsrfl (tsity. number 213651. and is constituted under a Charty Commission SKheme. b. Methods of apw>inlm&rt or electw)n of Tntstees The management of the chartty is the tespxtskn'fity of Truths are elthj and cTropted under the terms ofthe Charity CommissKJn Page 3
UNCOLN MUNICIPAL RELIEF IN NEED CHARTrY TRUSTEES REPORT (CONTINUED> FOR THE YEAR ENDED 25 IAARCH 2024 strUCre? governance and management (contlnued) Organisational structure and deciston-making poltcie8 The registered offfce and names ar a(klress of NAfvtsers are set out on the wevlous page duriryJ the year under ieview. as a the tnjstees. The body of trustees o)nslsts wl)en nplete of "rj three nlxninative trust and seven Co- operauve trustees. Nominative trustees are ar¥JoInj by the counol of the City of kn"ncoln for a temi ol four years. The peison appointed may or may Th)t be a memtr of Ihe cthncil. Crperate trustees are persons. who through residen (xLuWion or emplonent have speual knOledge of the Crty of Linwln. They are appointed by a resolutton of the trusls pa&wJ at a spec1 meetlThJ of which not Jess than twenty seven days nolice has been given. The term of offKe of cwrative trustees is at the disueb.on of the Council. The Trustees dumg the were Nomlnative TrSteeS Councillor Hewson Councillor Bushell {uth"121 May 2024) Councillor McNulty (until 21st May 21Y24} Appli¢afw)ns are accepbJ in a de$vjna form bythe c[k who has auttwity from Twstees to make grants of up to £300 in any case or up to £500 Trmth the Chaimian's approval. Donations in excess of £500 are approved at a full Trustees, rneets.ng prior to being pald. D"s1)nS are raltfEd * the next Quartejly meeb'ng of the Trustees. The TnleeS rdy ijpon their stk1Okers for aknce Investrnent frrKn whom they reCee regular reports.The Charity dcw not elig in fvndra&sing. d. POrleS adopted forthe Induction and training of Tntsteos The clerk sends to eath nw Trustee a LYW ofthe xoJnts. Ihe Chanty Scheme, the new sheet and the applicatron form for grants. Those dccuments u)ntaln all the relewant informatK)n for the working of the Charity and fhe clerk will assist with any px)ints ckriftr2kn. The clerk wktes Trust from time to trme on ne•V IlsIatiOn and new practw. e. Flnancial risk management The Trustees have assessed the major tBks to the chaity Js exFosed, in pathJJlar tIK)se reIed to the operations and finan of the chanty. and are SatES that s5Stn$ and I¥LdureS are in place to mitsgate extK)sure to the major rks. Plans for ftslure periods The charity rs unlikety to recerve additKvd M¢Ie$ except for an ct(xsDnal Wy. Any such legacy tred as inixjme frir the charitable putFK)ses. The chaFTty take part in fuThdraEing so wÈll conts'nue to operate in its Current manner. Page 4
UNCOLN MUNICIPAL RELIEF IN NEED CHARTrf TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 25 MARCH 2024 Statement of Tru5tees' responsibli itse5 The Tfustees ate rBSFrf)nS for Png the Tru51ee5' ReFM)rt ar¥J fhe financBI stathents in accordan wtih applicable law and unli ng(knn Acuwnting StarKlards {UnibJ "ngdorn &nerdlty Accepted Accyxsnbng Practi}. The law appltcable to charrtS in Engtand & W5 ¥IreS the TfUStee5 to prepare financial statuftents for each financial period vthith gi4E a true and fair vpw of ts state of affairs of the charfy and of rts incoming resources and appIn of resou. irU1T¥j its In(Th arKt ex[tlItre, for th FeTKJd. In prepariThJ Ihese finarwl statements. the TnJ5tees aTe required to". select surtable accxjunttng poleS and then them c$t. observe the mettKMls and prin0pS of ts Chw41Bs SORP (FRS 11Y2)" make judgments and arLnng estimats th are reasonable and prudent.. state whether alaLle UK Acujuntrng Standards IFRS 102) have bw folk)wl. su"ect to any material departures dksclcEed and eX"ned in the financial ststements: prepare the financial statements on the going 1xmrn basis unkn it irwyrr4)riate to presume that the charty wi15 ccrtinue in busin&8s. The Trustees are reSrKmSib keepirvJ thwale acThunJ that are suffyit to shrjw and explain the charitys transathins and discktse wtth reasonable at any t.me the financial positt(In of the charity and enable them to ensure that the financial Statnts rxryly vlrth Charities Act 2011. the Charity (Accounts and Reports) Regulati$ 2008 a¥KI the FKUVisky of the Charty Commtsshjn Scheme. They are also responsilje for safeguarding the a&8ets of Ihe thrity arKI hen for takwg reasonab steps for Ihe prevention and detecbon offraud and other ]negUr[lS. Approved by IKder ¢ the memb&s of the board of Trustees 4 D*eMr 2024 and swjned on their behalf ty. J R Hansard (Chair of Trustees) Page S