**Charity number: 213651**
## **LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 25 MARCH 2025**
## **LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 5|
|**Independent Examiner's Report**|6|
|**Statement of Financial Activities**|7|
|**Balance Sheet**|8|
|**Notes to the Financial Statements**|9 - 16|
## **LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 25 MARCH 2025**
## **Trustees**
Councillor Bean, Nominative Trustee (appointed 21 May 2024) Councillor Hewson, Nominative Trustee Councillor Pritchard, Nominative Trustee (appointed 21 May 2024) - V Cohen, Co operative Trustee - J E Dickinson, Co operative Trustee - J R Hansard, Chair of Trustees (Co operative) - E Harding, Co operative Trustee - J Kendall, Co operative Trustee - P Vaughan, Co operative Trustee
## **Charity registered number**
213651
## **Principal office**
PO Box 1291 Lincoln LN5 5RA
## **Independent Examiner**
Linda Lord BSc FCA TEP Streets LLP Tower House Lucy Tower Street Lincoln LN1 1XW
## **Bankers**
HSBC PLC Stonebow Branch 221 High Street Lincoln LN1 1TS
Page 1
## **LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 25 MARCH 2025**
The Trustees present their annual report together with the financial statements of the charity for the year from 26 March 2024 to 25 March 2025.
## **Objectives and activities**
## **a. Policies and objectives**
To generate income from the assets of the Charity's funds and then apply that income principally to relieve residents of the City of Lincoln who are in conditions of need, hardship and distress.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Main activities undertaken to further the charity's purposes for the public benefit**
The Trustees use the services of the Stock Brokers Brewin Dolphin to obtain the best return on the Investments for capital growth and income. They also use Jas. Martin and Co. Land Agents to ensure the best rental return on the farms. The Trustees try to ensure that aII possible income is distributed by way of grants to the public who are in need. The Trustees have regard to the Charity Commission's guidance on public benefit.
The trustees of Lincoln General Dispensary (registered charity number 220159), a charity with overlapping aims and objectives, resolved to transfer the assets and liabilities of the charity to Lincoln Municipal Relief in Need Charity in order to best further the resources of the charity and achieve public benefit. The transfer has been included on the basis of the assets and liablities at 8 December 2023, the date that the Charity Commission resolution period ceased.
## **Strategic report**
## **Achievements and performance**
## **a. Main achievements of the charity**
The Charity achieves its only purpose, i.e. to distribute income by way of grants to the public who are in need.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 2
## **LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 25 MARCH 2025**
## **b. Reserves policy**
The levels of reserves of the charity are maintained and fluctuate according to the market value of the investments. A substantial part of the income of the charity is investment income and rental income which necessitates such a high level of reserve.
The Trustees review the Ievel of reserves held by the charity at regular intervals. Grants are made only in accordance with available funds. The fixed running costs of the charity are extremely Iow and as a result the charity could function with free reserves of just £5,000. Trustees consider the amount of reserves held at the year end (unrestricted funds amounting to £2,852,567, of which £2,000,000 is held in investment property) to meet the requirements of the charlty.
## **c. Material investments policy**
Brewin Dolphin, stockbrokers provide twice-yearly valuations of the charity's investments and advise the Trustees at their meeting of any change in those investments which they think appropriate. The Trustees have opted to use Brewin Dolphin's Discretional Investment Services.
## **Structure, governance and management**
## **a. Constitution**
Lincoln Municipal Relief in Need Charity is a registered charity, number 213651, and is constituted under a Charity Commission Scheme.
## **b. Methods of appointment or election of Trustees**
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Charity Commission Scheme.
Page 3
**LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 25 MARCH 2025**
## **Structure, governance and management (continued)**
## **c. Organisational structure and decision-making policies**
The registered office and names and address of Advisers are set out on the previous page during the year under review, as are the trustees.
The body of trustees consists when complete of ten persons being three Nominative trustees and seven Cooperatlve trustees. Nominative trustees are appointed by the council of the City of Lincoln for a term of four years. The person appointed may or may not be a member of the council. Co-operative trustees are persons, who through residence occupation or employment have special knowledge of the City of Lincoln. They are appointed by a resolution of the trustees passed at a special meeting of which not less than twenty seven days notice has been given. The term of office of the Co-operative trustees is at the discretion of the Council.
The Trustees during the year were Nomlnative Trustees Councillor Hewson Councillor Bushell (until 21st May 2024) Councillor McNulty (until 21st May 2024) Councillor Bean (from 21st May 2024) Councillor Pritchard (from 21st May 2024)
Applications are accepted in a designated form by the Clerk who has authority from the Trustees to make grants of up to £300 in any case or up to £500 with the Chairman's approval. Donations in excess of £500 are approved at a full Trustees' meeting prior to being paid. Decisions are ratified at the next Quarterly meeting of the Trustees. The Trustees rely upon their stockbrokers for advice on investment from whom they receive regular reports.The Charity does not engage in fundraising.
## **d. Policies adopted for the induction and training of Trustees**
The clerk sends to each new Trustee a copy of the accounts, the Charity Scheme, the new sheet and the application form for grants. Those documents contaln all the relevant information for the working of the Charity and the clerk will assist with any points which need clariflcation. The clerk updates Trustees from time to time on new legislation and new practices.
## **e. Financial risk management**
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **Plans for future periods**
The charity is unlikely to receive additional monies except for an occasional legacy. Any such Iegacy is treated as income for the charitable purposes. The charity does not take part in fundraising so will continue to operate in its current manner.
Page 4
## **LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 25 MARCH 2025**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' Report and the 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 & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it 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 charity's transactions and 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 Charity Commission Scheme. 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.
Approved by order of the members of the board of Trustees on 4 June 2025 and signed on their behalf by:
___________________________ **J R Hansard** (Chair of Trustees)
Page 5
## **LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 25 MARCH 2025**
## **Independent Examiner's Report to the Trustees of Lincoln Municipal Relief in Need Charity ('the charity')**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 25 March 2025.
## **Responsibilities and Basis of Report**
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's 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 Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with 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 'true and fair' 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 examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Dated: 4 June 2025
## **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 2025**
|**Note**
**Income from:**
Donations and legacies:
3
Transfer from Lincoln General Dispensary Fund
Investments
4
**Total income**
**Expenditure on:**
Raising funds
5
Charitable activities
6
**Total expenditure**
**Net (expenditure)/income before net gains on**
**investments**
Net gains on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**-**
**53,092**
**53,092**
**8,590**
**46,625**
**55,215**
**(2,123)**
**27,895**
**25,772**
**2,826,795**
**25,772**
**2,852,567**|**Total**
**funds**
**2025**
**£**
**-**
**53,092**
**53,092**
**8,590**
**46,625**
**55,215**
**(2,123)**
**27,895**
**25,772**
**2,826,795**
**25,772**
**2,852,567**|_Total_
_funds_
_2024_
_£_
_369,431_
_47,589_
_417,020_|
|---|---|---|---|
||||_4,516_
_42,478_
_46,994_|
||||_370,026_
_49,292_
_419,318_|
||||_2,407,477_
_419,318_
_2,826,795_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 16 form part of these financial statements.
Page 7
## **LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **BALANCE SHEET AS AT 25 MARCH 2025**
|**Note**
**Fixed assets**
Investments
9
Investment property
8
**Current assets**
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
12
Unrestricted funds
12
**Total funds**|**2,491**
**40,354**
**42,845**
**(6,165)**|**2025**
**£**
**815,887**
**2,000,000**
**2,815,887**
**36,680**
**2,852,567**
**2,852,567**
**2,852,567**
**-**
**2,852,567**
**2,852,567**|_4,866_
_39,603_
_44,469_
_(5,213)_|_2024_
_£_
_787,539_
_2,000,000_|
|---|---|---|---|---|
|||||_2,787,539_
_39,256_|
|||||_2,826,795_|
|||||_2,826,795_|
|||||_2,826,795_|
|||||_-_
_2,826,795_|
|||||_2,826,795_|
The financial statements were approved and authorised for issue by the Trustees on 04 June 2025 and signed on their behalf by:
___________________________
## **J R Hansard**
(Chair of Trustees)
The notes on pages 9 to 16 form part of these financial statements.
Page 8
## **LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 2025**
## **1. General information**
As set out in the Trustee's report, Lincoln Municipal Relief in Need Charity is an unincorporated registered charityin England & Wales. The principal office of the charity is PO Box 1291, Lincoln, LN5 5RA. These financial statements have been prepared in sterling, which is the functional currency of the entity.
The principal objective of the charity is to generate income from the assets of the Charity's funds and apply that income principally to relieve residents of the City of Lincoln and North Hykeham who are in conditions of need, hardship and distress.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Lincoln Municipal Relief in Need Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 9
**LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 2025**
## **2. Accounting policies (continued)**
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion 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 activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.5 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
## **2.6 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.7 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 10
## **LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 2025**
## **2. Accounting policies (continued)**
## **2.8 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to 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 at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
## **2.9 Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.10 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.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. Income from donations and legacies**
||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2025**|**2025**|_2024_|
||**£**|**£**|_£_|
|Donations|-|**-**|_369,431_|
The trustees of Lincoln General Dispensary (registered charity number 220159), a charity with overlapping aims and objectives, resolved to transfer the assets and liabilities of the charity to Lincoln Municipal Relief in Need Charity in order to best further the resources of the charity and achieve public benefit. The transfer has been included on the basis of the assets and liablities at 8 December 2023, the date that the Charity Commission resolution period ceased.
Page 11
## **LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 2025**
## **4. Investment income**
|**Unrestricted**
**funds**
**2025**
**£**
Brewin Dolphin Investment Income
20,353
Line Side Farm
4,750
Birkholme Farms
27,000
K & H P Strude
12
Wayleaves
104
Bank Interest
873
**Total 2025**
53,092
**Investment management costs**
**Unrestricted**
**funds**
**2025**
**£**
Investment management fees
8,590|**Total**
**funds**
**2025**
**£**
**20,353**
**4,750**
**27,000**
**12**
**104**
**873**
**53,092**
**Total**
**funds**
**2025**
**£**
**8,590**|_Total_
_funds_
_2024_
_£_
_14,989_
_4,750_
_27,000_
_12_
_116_
_722_
_47,589_|
|---|---|---|
|||_Total_
_funds_
_2024_
_£_
_4,516_|
## **5. Investment management costs**
## **6. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Direct costs
_Total 2024_|**Unrestricted**
**funds**
**2025**
**£**
46,625
_42,478_|**Total**
**2025**
**£**
**46,625**
_42,478_|_Total_
_2024_
_£_
_42,478_|
|---|---|---|---|
|||||
Page 12
## **LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 2025**
## **7. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ .
During the year ended 25 March 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ .
## **8. Investment property**
|**Valuation**
At 26 March 2024
At 25 March 2025|**Freehold**
**investment**
**property**
**£**
**2,000,000**
**2,000,000**|
|---|---|
The property was formally revalued in 2019 by Jas. Martin & Co. The valuations were made on an open market basis for existing use. The trustees consider the valuation of the property remains appropriate.
## **9. Fixed asset investments**
|**Cost or valuation**
At 26 March 2024
Additions
Disposals
Revaluations
At 25 March 2025
**Net book value**
At 25 March 2025
_At 25 March 2024_|**Unlisted**
**investments**
**£**
**787,539**
**105,642**
**(149,561)**
**72,267**
**815,887**
**815,887**
_787,539_|
|---|---|
Page 13
## **LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 2025**
## **10. Debtors**
**Due within one year** Other debtors
|**2025**
**£**
**2,491**
**2,491**|_2024_
_£_
_4,866_|
|---|---|
||_4,866_|
## **11. Creditors: Amounts falling due within one year**
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|Accruals and deferred income|**6,165**|_5,213_|
## **12. Statement of funds**
**Statement of funds - current year**
||**Balance at**||||**Balance at**|
|---|---|---|---|---|---|
||**26 March**|||**Gains/**|**25 March**|
||**2024**|**Income**|**Expenditure**|**(Losses)**|**2025**|
||**£**|**£**|**£**|**£**|**£**|
|**Unrestricted funds**||||||
|General Funds - all funds|**2,826,795**|**53,092**|**(55,215)**|**27,895**|**2,852,567**|
|||||||
|**Statement of funds - prior year**||||||
||_Balance at_||||_Balance at_|
||_26 March_|||_Gains/_|_25 March_|
||_2023_|_Income_|_Expenditure_|_(Losses)_|_2024_|
||_£_|_£_|_£_|_£_|_£_|
|**Unrestricted funds**||||||
|General Funds|_2,407,477_|_417,020_|_(46,994)_|_49,292_|_2,826,795_|
Page 14
## **LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 2025**
## **13. Summary of funds**
## **Summary of funds - current year**
||**Balance at**||||**Balance at**|
|---|---|---|---|---|---|
||**26 March**|||**Gains/**|**25 March**|
||**2024**|**Income**|**Expenditure**|**(Losses)**|**2025**|
||**£**|**£**|**£**|**£**|**£**|
|General funds|**2,826,795**|**53,092**|**(55,215)**|**27,895**|**2,852,567**|
|||||||
|**Summary of funds - prior year**||||||
||_Balance at_||||_Balance at_|
||_26 March_|||_Gains/_|_25 March_|
||_2023_|_Income_|_Expenditure_|_(Losses)_|_2024_|
||_£_|_£_|_£_|_£_|_£_|
|General funds|_2,407,477_|_417,020_|_(46,994)_|_49,292_|_2,826,795_|
## **14. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2025**
**£**
Fixed asset investments
815,887
Investment property
2,000,000
Current assets
42,845
Creditors due within one year
(6,165)
**Total**
2,852,567|**Total**
**funds**
**2025**
**£**
**815,887**
**2,000,000**
**42,845**
**(6,165)**
**2,852,567**|
|---|---|
Page 15
## **LINCOLN MUNICIPAL RELIEF IN NEED CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 2025**
## **14. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior year**
|Fixed asset investments
Investment property
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2024_
_£_
_787,539_
_2,000,000_
_44,469_
_(5,213)_
_2,826,795_|_Total_
_funds_
_2024_
_£_
_787,539_
_2,000,000_
_44,469_
_(5,213)_
_2,826,795_|
|---|---|---|
## **15. Related party transactions**
The trustees resolved to transfer the assets and liabilities of Lincoln General Dispensary to Lincoln Municipal Relief in Need Charity. This transfer was enacted 8th December 2023. Victoria Cohen is a mutual trustee.
The charity has not entered into any other related party transaction during the year.
Page 16