2023-03-31-accounts

			Pages
Charity Reference and Administrative		Details	4
Chair's Foreward
Trustees' Annual Report
Independent Auditor's	Report		22
Statement of Financial	Activities		24
Group and Company	Balance Sheet		25
Group Statement of Cash Flows			26
Notes to the Financial	Statements		27

Company	Registration	Registration	Number	Number	00734870
Charity Registration		Number			243017
Registered	Social Landlord			Number	H2676
Chair					ISackree FCCA
Vice Chair					J Henwood
Other Trustees					M Botterill
					R Mair
					J Latham (Resigned 27 March 2023)
					C Burke
					JGreen
					CStacey
					W Hawtln
					R Whittaker	(Resigned 30May 2022)
					G Bratby (Resigned 22 Sept 2022)
					BCurtis (Resigned 06Oct 2022)
Chief Executive Officer					C Killeavy
Corporate	Services	Director			M Ward
Registered	Office				St Rumbold's	Street
					Lincoln
					Uncolnshire
					LN2 SAR
Banker					NatWest Bank Pic
					135Bishopsgate
					London
					EC2M 3UR
Auditors					Dexter fkSharps
					Rollestone House
					20-22 Bridge Street
					Horncastle
					Lincolnshire
					LNB 5HZ
Solicitors					Chattertons
					St Swithin's	Court
					1Flavian Road
					Lincoln
					LN2 4GR

ocial Housing Metrics
Metric	2022-2023	2021-2022
Reinvestment %	1.29%	0.0%
New Supply as a% of	0	00%
Current Units
New Supply (non*ouslng)	0%	0.0%
as a %oftotal units
Gearing	-224%	18.3%
EBITDA MRI Interest cover	19.0	-21.9
Headline Social Housing	E16,801	214,368
cost er unit
Operating Margin (Social		0 16%
Housin
Operating Margin (Overall)	4.2%	-8.4%
Return on Capital Employed	2.5%	329%

					Urueotr	lated	Rsatrloted	Endowment	2023Total	M22 Total
				Notes	Funds		funds	Funds	Funds	Funda
								E	E
Income
General Donagon 8 Other Income Income from ohargablo astir(gee						41,878	617,913		659,5M	111,689
Housing 8Support (Indudlng	Nomad)				2,787400		02,M7		2,M0,07S	2,547,327
Nurswy end ChSdcare						MB,073	10,820		570,S02	SM,SI0
Ths Showroom gnctudlng Cgmblng)						120,726			120,725	121,678
Youth Wbrk SuppoA						210,280	N,170		309,4M	140,308
Giber Commurl07 Outreach						3,486	172,040		175,626.	432,076
Other						25,504			26,084	44,407
Income from other trading	aogvhles
Comme real Irodlng scSvlty						288,249			288,240	185,01S
Inveabnent income						602			682,	13
Total Incmne SxpendNure					4,0e3,SM		S02rt07		B,ste,sr0,	4Ps22)fg
Fundralalng oosts						47,956			47,0S8	30,M4
Ccmmerdal badlng acSvlty						207,056			207,0M.	126,668
gxpemlhure on oharsable	soda(des
Housing 6SuppoA (htdudlng	Nomad)			8	2,8M,040		44,092		2,907,932	2,5M,042
Nursmy and Chsdcara				8		822,000	10,416		833,106	640402
The Showroom fndudlng C5mung)				e		230,r86			239,756.	159,286
Youth Wbrk Supped				0		203,137	02,722		375,059	340.8M
Other Communsy Outreach				8		41,248	321,810		M2,804	844,163
Other				8		32,4M			32,408
Total msouroos expended					4PMNM		450,045		42)or,e33	4434,742
Nel Galas/(kwsss) an lnwnuments
Net (dofmll)gncome betore Taxporous	tax for tho year				(2$4,277)		M4022		2M,545	(344027)
Net (desoNylnco me and nst movement		In funds for
the year Unreasaed gains/gooses) on	nwalusson ofIbad ssseta				(2S4~		002,022		20454$	(341,027)
esto(a
Net Inoome/(ex pendltum) before tnmefers					(204~		802,022
Gross transfer between funds						31,672	(31,672)
Not Income/(expendhura) before other		mcognbred
gains and losses Other mcognlsod Seiner(koeees)					P02,705)		4714$		208,544	P44027)
Achuufal goes)/gain an desned benegl pension			scheme
Net Movement In funds Reoonoglstlon offunds					(240,068)		471,2M		231,104	P44027)
Total funds brought torward FKoryear adluatments	(aa pmvlously		slated)		$2I240M		e,see,r00		9,180,634	0,034104 133540
Total funds canted forward					8,381,702		4,010,038		9,3$1,028	0,1M,M4

			2023	2023	2022	2022
		Notes	Group	Company	Group	Company
			8	8	e	.8
Fixed Assets
Intangible assets Tangible assets kweslments		12 12 13	17,010 8,428,432	17,810, ' 0 0,426,683 . 8,408621 0,462,939 1. ' -::. -- ',1
			8,446,242	0,443,494'	8,400,521;	$,4020
Current Assets
Socks			e,eo2	t,te3,	24,533	. 24,633
Debtcm		14	392,838	400,343'	402455	420,708
Cash st bank and	In hand		1 387037	1 320tsei	1'259'513	082
			1,786,177	1,730,842'	1,688'60'I,	.1,658,303
CmdNors
Amounts falling due wllhln one year Net Current Assets		15	412 182 1,373,995	387224 1,363,418'	4'I . '1';821	' 6937 '1', 8;468
Total Assets less cununt sableses			9,020,237	9,808,912f	9,87S.342	9,681,306
Cmdltors
Amounts faang due after more than one year Net Assets		16	428409 9391020	428409: 9370502	515,08 9180 .	615700 91 800
Funds		19
unrestricted funds			361I 605	3508270 '	3eetiest	3850iyt5
Revaiuelkrn reserve			1 770187	1 770187	1770487 '	1770167
Total unresblcted funds My place capital grant Other restricted funds			5,3e1,792 2,904,226 1,105,810	e,ss0,486; 2,904,226 I 1,105,810'	5, 1; 2,904228 634,580	5, e,go2 .2.&0IL226 004,680
Endowment funds
Total Funds			9391020	0378502	9180034	0186080

				2023		2022
				Group		Group
				8
Cash provided by/(used In) operadng		actlvldes
Opem5ng (descsysurplus Adjustmsnts for:				231,194	.	'@4t652I7)
Depredation (Profit)/loss on disposal oflixed assets (ktcmase)/decrease In stock				66,913 18,131		84,645 (st@@)
(Increase)/decnmse In debtors Increase/(decrease) In creditors Movement on pension provision Net interest cost				(49.665) 56,961 (65,171) 16,134	(tgjf3'll) -:(342fgft)
Prior year adjustment
Met cash from operadng acgvides:				201600
Cash flows from Investing activities
Interest income				682		' -13
Proceeds from sale ofsxed assets Purchase oftangible sxed assets Purchase ofintangible fixed assets Cash provided by/(used in) Investing	acgvttles			(87,824) ~128\0 ~90 002		42400 (105,'(85)
Cash flows from gnanclng activities
Interest paid Repayment ofborrowlngs Cash provided by/(used in) gnandng activities				(16,716) ~30106 ~90011		(1268'Eg) 18gte
Increase/(decrease) in cash and cash	equivalents		In ths year	127,526	(5316ttt1)
Cash and cash equlvatents at the beglnnkrg Total cash and cash equivalents atthe		ofthe year end ofthe year		1269613 1902001	1	1.324

						2023	2022
						2	6
CommunW Renewal	Fund						77,060
Bno Fund							8,000
MCN Wave 11							0,900
Wavo 2 Menhd Health	Fund						0,025
Buldde Prevention Fund							0,007
Sslnsburys Nslghbourly		Fund					600
Uncoln Cathedral Funding							21,306
City efLincoln- Business			Revival Grant				4,032
Arnold Clerk Nursery	Fund						1,000
Klckstart Grant							11,710
Paler Harrison Foundagorl							16,000
YEAProtect							6,000
Bugdlng Batter OpponunNes							3,00S
Nomad Cans» Servk»s						10,001
Numsry - Woodlands						3,44$	$,334
Nmsery - Beginnings						8,863	6nl14
Nununy uctlnl Movem						423	91
BscChildren In Need	Arts snd Music						9,002
East Coast Youth Worker						2,116
COVID-10 6upport Rsgef			Grants				26,100
HMRC JRS Furlough	Grant Funding						001
Chgdren ln Neod Youth		Fund(ng				44,170
CAST Grant							S,aey
Reschhg Communttkw						56,118	73,118
Ogve Heating Os Project						040	1,002
ACREIDEFRA						40,030	40,030
Age Friendly County Pragmnma						23,500	47,000
Big Energy Ocl 21						1,614	2,600
Btg Energy Oct 22						2,625
Ags Friendly Fuhlres
Anggan Water- Water	Saving Convrvrnlty				Partnership	10,000	10.000
Ags-Friendly East Undsey Prfnalpel				Otncer			21,791
Cormecthg Corrmunlses
Dace octSo							1,158
Lines Compard						11,013	4,000
D2N2 Compact						11,480	8,750
Women In Business							14,813
Dance Your Ceres Away							5,000
LCFCaylhorpe							6,000
Inspire 2022						11,550
Wave 12Shine SPFWeve 3						9,008 9,904
EAT						S,000
Good Prscsce Mentom						Sl,304
Comnwnlty Manera						10,000
Muhlply Champions Wave 2Menial Health						1,000 12,000
NHS Psycoiherapy						20,000
The Posglve Path						39,800
Cuber						410
DCMS Outdoor Learning			Grant			1,200
Age Frlendy Awareness		Training

Expenditure on Housin	g Operations (Including Monad Hon	wless Prelect)
			2022
People Rekded l4eeem ent and Admfnlshatke IT,Oglce and Marketing		1,139,227 1,006,743 47,771	1,003,580 650,927 57476
Deprsckraon		27,652
Rooms Maintenance 0eaupanoy Ccats (Rent	and U5Mes)	134,823 433,373	157,084
Resident Related Exprmdlture		18,604	6,592
Other		98,739 ~80783	84,199 ~M
Het Inconwf(outgoing)	Resources		'
		2023	2022
Het resources are stated	aller charglngr(credltlng):-	5	6
rtudltol's mmunemson

Registered	Registered	Charity	Number 243017
Notes tothe Financial	Statements		forthe Year ended	31 INarch	2023
StaffCosts
				2023		2022
Wages and salaries Employer's National Insurance Pension contributions				2,664,614 205,082 94 214	2,263,473 177,000 96619
				2953890	2	627092
Employees
Average number ofemployees	based	on
headcount, not FTE, (Indudlng employees) employed during	part time the year.			2023		2022
Housing &Support (Including Nomad Nursery and Chlldcare The Shovvroom (Including Climbing) Youth Work Support Management and support Other Community Outreach		&Retail	Support)	43 28 16 21 27 10		33 28 13 12 31 15
				145

		Land and	Land and
		Buildings	Buildings		My Place	Capital Grant
		(Social	(Non-	Plant and	Land and		Plant and
		Housing) f	Social) 8	machinery	buildings 6		machinery 6	6
Cost
At I April 2022		4,706,524	633,383	1,162,316	2,900,000		612,653	9,914,855
Additions		60,928	6,000	20,896		-	-	87,824
Dlsposals				(85,454)		-	(11,107)	(96,561)
Revaluation
Reclassfffcatfonl
Transfer
AI31 M 32023		4 767 452	539363	I 037 757	2 900000		3111546	99M'118
Depreciation
At 1 April 2022				899,907			608,427	1,508,334
Charge for year				65,913				65,913
On disposals				(85,464)			(11,107)	(96,561)
Depreciation	Adi.
At 31 March	2023			880,366			597,320	1,477,686
Net book value
at 31 March	2022	4,706,524	533,363	262,408	2,900,000		4,226	8,406,621
A13116 I	2023	4767452	539383	217391	2900000		4226	8428432

investments Company
		Cash and
	Listed	Settlements		Shares in Group
	Investments	Pendlna	Total	undertaklnas
Market Value
Al 1 April 2022
Addlllons
Dlsposels
Revaluations
At 31Marsh 2023

17	Creditors:	Creditors:	Araounte paging Due Aner Mme Than	Araounte paging Due Aner Mme Than	Araounte paging Due Aner Mme Than	One	Year toontlnued):	Year toontlnued):	Secured Assets/Creditors	Secured Assets/Creditors
						2023				2922
					Loan			Loan
					Value		NBV	Value		NBV
					8		8	8		f.
	4 Vernon	Street		NatWest bank loan	14,928		150,000	24,611		160,000
				secured on the
				property - charge
				dated 9October 2012
	4Arboretum		View	NatWest bank loan	15,028		135,000	23,352		135,000
				secured on land and
				buildings -charge
				dated 9October 2012
	4 Monks	Way		NstWest bank loan	91,631		195,000	100,831		195,000
				secured on land and
				buildings -charge
				dated 31 October 2014
	Rasen House			NsiWest bank loan	246,392		401,493	252,281		401,493
				secured on land snd
				buildings -charge
				dated 12August 2016

Leasing Agreements
Minimum lease psvments	under non-cancellable	operation leases fall	due ss follows:
		2023 f	2022 2
Within one year Between One snd 0ve years		132,687 164873	133,747 90384
		~297560	~224 131

			Asst 1 Aprg 2022	Prior Year Adlushnent	Net Movement in funds	Transfers between funds	As st 31 March 2923
			Value			Value
			8			8
Unrestricted funds
General fund			3,398,298		(374,671)	129,487	3,163,214
Trading subsidiary			(5,054)		68,293	(47,916)	13,324
Other Commerdsl	Trad/ng		68,417		14,001		72,418
RevduaSon restvve Designated funds			1,770,187				1,770,187
Ma)or Repahs Reserve			102,574				102,674
Me)or Pro)acta Fund			297426				247428
Restricted funds			6,621,848		(294,277)	31,672	6,369,143
My Place grant			2,904,226				2,904226
Showroom Actlvlty	centre		7,414		(892)		8,622
Nomad - Emergency		Shelter	238,632		614,140	(2,450)	850,322
Housing					21,489	(10,222)	11,256
Other~es			129,772		2,384	(14,974)	117,162
Ageing Legacy Fund Good ParcSce Mentors			48,079 13,516		(40,390) (10,849)		7,889 2,787
Slg Energy Saving	Network Oct 21				1,514		1,614
Slg Energy Saving	Network Oct 22				973		973
Age Friendly Fuktres					(92)		(92)
D2N2 Compact			6,000		(1,350)		4,850
Uncs Compact			8,073		952		7,025
Ogve HeaBng (yl					831		831
Reaching Communities			105,951		(60,261)		6S,690
Women In au el ness			2,339		(488)		1,861
Connecung Communltles			46,428		(3S,M1)		9,84S
ACRE/DEFRA					8,088		8,089
Anglian Water - Water Saving Comm Partners					9,736		9,735
CRF - CommunlSss			21,263		1,463 (17,338)	(3,926)	1,483 0
Dance Yow Ceres	Avey		4,995		(2,027)		2,968
LCF Caythorpe			8,000				5,000
Community Matters	Warm Packs				2539		2639
			3,638,788		502,823	(31,572)	4,010,038
Aduerlal Loss/ Gain							22,649
TOTAL FUNDS			~9160834		231195	0	~9391828

Notes tothe Financial Statements	forthe Year e	nded 31M	arch 2023
Movement in Funds congnued. .
				Net
	Incoming	Resources	Garne and	Igovement
	Resources	Expended	Losses	in Funds
	2	2	2	2
Unrestrloted funds
General fund	3,765,662	4,140,233		(374,571)
Trading suhsldlary* Other Commerdal Trading	270,404 17,846	204,111 3,844		68,293 14,001
Revaluation reserve
Deslgnated funds
Major repshs reserve
Major Projects Fund	4,063,911	4,348,188		(294,277)
Restricted funds
My Place grant Showroom Aogvlly centre Nomad - Emergency Shelter Housing Other	837,883 42,838 113,000	692 23,743 21,149 11o,e3e		(892) 614,140 21,489 2,364
Ageing Legsoy Fund Good Practice Mentors tgg Ellergy Saving Nehvolk Ocl 21 Blg Energy Saving Network Oct 22 Age Friendly Futures D2N2 Compact Uncs Coltrpsct Ofve Heating Og Reaching Communities Women In Business Connecgng Communfges ACREIDEFRA Anggsn Water -Water Saving Comm Partnership LCC - Age Friendly County Programme CRF -Communllles	(23,500) 1,614 2,826 11,460 11,012 840 68,119 49,030 10,000 1,463	18,890 47,233 1,852 92 12,810 10,060 9 108,380 488 36,681 4?941 286 17,338		(40,390) (10,849) 1,614 973 (92) (1,360) 952 831 (eo,?et) (488) (35,681) 8,089 9,736 1,463 (17,338)
Dance Your Ceres Away		2,027		(2,027)
LCFCaythorpe Community Matters (Warm Packs)	10000 962,466	7461 469,845		2539 602,823
Actuarial Loss/ Gain			22,649	22,849
TOTAL FUNDS		3	22343	2311 4

		As at 1 Aprg 2021	Prior Year AdJualmsnt	Net Movement In funds	Transfers between funda	As st 31 March 2022
		Value			Value
		6			6
Unrsatrtcted funds
General fund		3,361,698		(23,937)		3,398~
Tmdhrg subsidiary		(6,097)		89,4eo		63,363
RsvaluaUon reserve Designated funds		1,770,187				1,770,167
MaJor Repslm Reserve		102,674				102,674
MsJor Projects Fund		297426				297426
Restricted funds		5,625,786		36,623	80,639	6,621,848
My Plass gntnt Showroom Acevtty centre Nomad -Emergency Shelter		2,911,849 14,763 238,632		630	(7,823) (7,869)	2,904,226 7,414 238,632
Housing Sports end Utness Other From Community Llncs		16,667 3,606 236,622		(79,998)	(15,687) (3,608) (26,764)	129,772
Age Fdendly East Llndsay Prlnolpsl OIUcer Blg Lohery Fund- Ageing Batter Grant Blg Energy Saving Network Oct 19		11,686 508410	(133,540)	(10,686) (359,064)		1,079 13,ete
Blg Energy Saving Network Oct Zo
Age Friendly Futures		(641)		641
D2N2 Compact Llrlca Compact		3,566 4,486		2,444 1,688		6,000 6,073
Olive Healing OU
Reaching ComnwnlUes Women In Business Connecting Convnunlees ACREIDEFRA		110,746 2,934 49,912		(4,794) (ege) (4,486)		105,951 2,339 46,426
AngUsn Water - Water Saving Comm Partners LCC - Age Friendly County Programma CRF - Communllles Dance Your Cares Away LCFCsylhorpe		1,600		(1,600) 47,000 21,263 4,9se 5,000		47,000 21,263 4,996 5,0OO
TOTAL FUNDB		4,110,316 01	(133,540) ~13300	(377,450) ~001.003	(60,639) ~0	3,638,788 0100000

Net rrevement In funds Induded abo	ve ere as fogows:-
					Net
					mov8nlent
		Incoming	Resotacss	Gains and	in funds
		r8sourc88 f	expended f	losses f	2021/22
Unrestricted funds
General fund		3,444,313	3,468,260		(23,937)
Trading subsldlary		186,016	126,666		69,460
Revslusgon reserve
Designated funds
MSJor Repairs Reserve
MaJor Pro)acts Fund
		3,629,328	3,693,805		36,623
Restricted funds
My Place grant Showroom Actlvky centre		9,882	9,362		630
Nomad - Emergency Shelter
Housing
Sports 8nd fllnsss Other		164,181	234,167		(79,996)
From Community Lines
Age Friendly East Llndssy Prlndpsl Ofgcer Blg Lottery Fund- Ageing Better Grant fgg Energy Saving Network Oct19 Blg Energy Saving Network Oct20 A98 Friendly Futures D2N2 Compact Uncs Compact		21,792 1,169 2,600 630 6,76O 4,988	32,378 359,064 1,169 2,600 (111) 4,3O6 3,400		(10,686) (369,064) 641 2,444 1,668
Ogve Heating Oil		1,882	1,682
Reaching Commungles Women in Buslnsm		73,119 14,613	77,913 16408		(4,794) (696)
ConnecUng Communlges		30,000	34,486		(4,486)
ACRE(DE FRA Anggan Water - Water Saving Comm Parlnershlp LCC - Age Friendly County Programme CRF - Communhles		49,030 10,000 47,000 28,181	49,030 11,600 4,918		(1,600) 47,000 21,283
Dance Your Cares Away LCF Csylhorpe		6,MO 6,000	6		4,996 5,000
		463,487	840,937		(377,460)
TOTALFUNDS		422221	4424 42		341927

					Withfn one	One to two	Ttvo to five	After flve	After more than one
					year	years	years	years	year	Totsf
									E	E
Aa	st	31	March	2023	~30108	30108	74711		104819	134927
As	st	31	March	2022	26484	26484	79462	32616	138661	166036

			2023	2022
				6
Profit/(loss)	before tsx		18,377	21689
The aggregate		ofthe assets, liabilities and funds wss
Assets Liabilities			117,766 ~104442	68,115 ~e3168
Funds			13324	6053

Connected person		Details oftransaction	Income/ (Expenditure) In the year	Debtor/ (Creditor) at 31March 2022
ISackraa-Chairman	ofthe Board	Rent(At Cost)	(3,181)