THE LINCOLNSFIELDS CEI NTRE LIMITED ANNUAL REPORT AND UNAUDrrED fi INANCIAL STATEMENTS FOR THE YEAR EM)ED 31 MARCH 2024 Com Re Istradon No: 2105182 Chllrl Re Istratlon No: 298392 land and Wales TIIE LINCOLNSFIELDS cEiYfRE LIMITED Legal and adrnini$trativ# inforrnation Trustees, report Ind¢pendent examiner's report Statement of Finan¢ial Activities BHlanc¢ Slieel Note5 to tbe financial Stat¢m¢nts 9-14 THE LINCOLNSFIELDS cEiYfRE LIMrrED LEGAL AIYD ADMINISTRATIVK INFORMATION Directon and Trustees B Lintiegar M Finburgh J Treves-Brown P Knight O Knight L Casey Regl8tered Offlee 29 Lincolnsfields Bushey HaIl Drive Buthey Herls WD23 2ES Charity Number 298392 Compally Number 2105182 (En8land and Wales) Independent Examlner Mr Satish Parmar FCCA SVP Asgociates Limited Chart¢r¢d C¢rtifi¢d AG¢ountants 8 Brackendale Grove Harpenden HertfoTdshire ALS 3EJ THEI LINCOLTrISFIELDS CENTRE LIM]TLD Trustt¢s' Re llleludln Directors, Re ort for the ear ended l Mar¢h 2024 Tlie trustces pr¢5¢11t their report and financial statements for th¢ year cnd¢d 31 Marcli 2024. Tb¢ fllw]cial statements have been prepared in accordance with the accouttting policies Set out irt not¢ I to the finali¢1￿ statements and Comply with the charity's memorandum and arti¢les of asso¢ia¢ion, the Comp£mi¢s Act 2006 and ' Accoiinting and Repoi1ing by Charities: Statenient of RecomM￿ld￿ Practice applicable to charities preparing their accounts in accordance wlih the Fiiiancial Reporting Standard applicable in the UK and Republic of Ireland (FRS E(r2)" (UB amended for &C￿lInting periods conunencing fron l January 2016). As a company limited by gliaralltee, registered al Companies Hoiw and also as a registered charity Th¢ Lincolnsfields Celltre Limiled is gov¢rn¢d by a board of directors who also act as the Ch￿'ity,8 trustee5, The board is responsible for the Stewardship and governance of the ccntres activities and the fonniilatiort and m(ynitoriTrg of the centres strategio obj¢clive8. The trustees are &180 directors of th¢ Lincolnsfileds Flayzon¢ Liinited, a private limited company, wholly Osvned by the The LinGolnsfi¢lds Centre Lirniled, for the purpose of ￿tITr8 88 a commercial company in suppoi't of the Charity. The board hereby presents its annual reporl ind the fmancial statements for the year ended 31 Mv4rch 2024. Objectives fdnd Aetlvltles The ¢hariÈy's object and its principal activity continuas lo be that of providing affordabl¢ holid8ys, respite care and re8id¢ntial f￿llItIeS for gioup8 alld organisations dealing with children and young peopla aiid tho provision of educaÉioiTrl facilities. The facilities are u8ed for spiritual weelceiids and algo for gmup bookings for ￿spIte Gar¢. The charity is. org￿lI￿ed so that the Tru8*es ineet regularly to manage it8 affairs. There is one fLdl time Children's Services Manager and a Financial Manager, who both nmnage the day to day administration of the charity. alld the effective use of all resources. The remaining 8taffs ale ernployed in administLXtive roles, childrell's ediication i'oles and general maintenance of the ￿OundS and biiilding8. Where possible thc Iru5tee8 have beoii as8lSting with (lay to day odrninistratioJ4 maiLlt¢nance and the WW2 project. The trustees have paid due regwd lo gLiidance issued by tho Charity Con]mission in deciding what activities the cRLaTity Bhould undertake. Developmen14 A¢tlvttl¢$ and achlevemellt durlng the year Another successful year but with challenges mainly the cost of living crises and shortage ofvolunteer8. Staff alld volLintsers still working hard and are doirAg a great job that Inak￿ th¢ centi'e succes8fv1. Tho 811e 18 running ok with tlie new staff member fiitin8 in and doing a good job. Spires p￿.k 16 now fully oociipied and has cause issue8 with the new residents thinking they have the right to complain abou¢ oiir operations which we hav¢ had to deal with taking time and resoiirces. Also making claim8 about damage lo their cars on our a¢¢ess road that the developer has on th¢ii' not follow¢d through agre¢mfflits to upgrade and we have been repairing iDad al ow expense still looking for wg¢yS of enforcing the agreementg. THE LINCOLNSFIELDS CEiYfRE LIMITED Trustees, Re lllcludln Dlrectors, Re ror th¢ ear ended 31 MAYch 2024 Sam¢ ¢omiThJiiily groups on site Still waiting for neKt lea8es while we try to sort of the legal issiie8. Resid¢ntial c¢ntr¢ still proving popular but 80mo groups are baving issi*s witb the ¢08t of living ¢ri8es we are working to Iceep our prioes reasonable and looking for any groups to fill gaps with 80me success, 81 john's ambulance using centi'e for i'egional training events. The Children @ war projert is still running well with lots of repeat CU8lomrrs but s¢ill affethed by the cost of Ilving Gri5es and a limited nuinb¢r of volunt¢¢rs that we are aotively ￿rUitIng for more with sorne sU￿eSS. The fortiag experience (publio opening) had its best year yet doiibling average number of visitors per moiilh, use of social media by th¢ volunteers widened the visitor bas¢ who on¢¢ visited often retLuned brirtg oih¢rs. Another year recoveriiig frotn the Pandellllr shut down 811 LinGolnsfi¢lds ￿ntr¢ proj￿t5 OpeTaling but we lost some volunteers and we are looking to replace them and had some siiccess. We have also lost som¢ long standing st&ff who we have replac￿1, we also the chance to reorgani8e how we operate. The statT and voliinteers have Work￿ hard to great effeGt to get us up and running and w¢ thank R¢sidential ¢entre is operating well and lot groups are making use of it, most of the gmups from before the pand¢mio have r¢turned althougb with the Cost of ILving crisi5 some groups are questioning the Cost, which wilh 8oine increases we bkve tried to keep down. Children @ war project is r¢wv¢ring well with lots of interest both the day visils and r¢sid¢ntial. A8ain big reliance on volunteers which we will have to be kept in mind and ¢very chwice of recruiting will be taken. Forli&s Experience open and operating once every month and is v¢ry popular with ¢verybody from older p¢ople to younger people. A couple of volunteer8 have been mdkinE the most of social n￿dia to promots the public openings to great suGg￿$ with d￿1b1¢ th¢ nwnb¢r p¢ople &tt¢nding this yeai. than w¢ usuatly get from an average of approximatdy 70 people we got in otber years to Ibis year an aver&ge of130 people per day. Open days rely on the volunteers who make the experience special but again we need to recruit more. We have kept tlie cost th¢ same Siflce the project started and we are Iwking at rnising Ibe price5 a limited mount later on in Ibe year after we decidd how we OiEanise tbe pi'ice rise &nd the sigt]&ge. website etc. Facilities mat]agement, DeaLing witb i￿ueS with fbe home owners of the new housillg estale oftell but not exclusive to the Condition of our accGs8 road (Ivhich they use). L(K)kitig at tryillg to enforce the agreements between us and the developers of the liousing estate and the golf Co￿'se. Organised l'oad repairs al our cost to keep them safe look to recover costs. Still working on the new le88es and weements for the leaseholders of our unused buildings, r¢vi¢wed Lyjnditions of buildings and started a program of repairs to the outside of t&e builditw and the roofs at our cost8 to ensure they are usable into the futiire. COLNS RI LIM projeot l¢ompony Ihat Lln¢oln¥fiold¥ l¢)ok o¥￿, and fund¢d 11)# rofurbisbm¢nt &nd orghbl8￿lOTh Buppnrt it¥ day ￿ duy op¥ralion wllh otw future profit comiJ)g lo th¢ 111￿0]n8r1eId8. It woi'kii)g w#ll and getiÉng popiilar and18 Jheatty repald fLthditi¥ wepiil ith.Tho fiitiir¢ lo(&8 good wrtinu to Inor¢fi$e usR86 while ke¢ping ty)ntrol of thts ¢0gt4 r¢ornito)¢nt of 8laff and is R foous as w¢U a8 dtalit)8 with ibe legal istMr* tbe site h￿L￿lY oomlllg to a Comth￿l011 s( The Eff¢¢ts of th¢ Covld-19 PandemlG Ukn ev¢ryon¢ el84 wo hav¢nol bEen to the cff¢ot8 trftbe world around us, A8 W￿.10(7 ID wevious year8, ￿ mDllltalneAI a Ii¢filihy fu)wifji&l poslilim tht0￿v￿￿1t tho pfin(bmiA wltli Ilie uld of governmoiit backed lofills, goverwil￿rt grants and the prud¢nGo ¢XQLoised by dirwl'ors. R¢vlt)v The St&tOlttinÉ of17inanoidl A¢livltl¢B show& a sui'plua foi tho yortr of £19,702 (2023 deficit £81,321), At th¢ year end t)￿ n¢t ¢wJont &￿et¥ stood at £921,984 (2022 - £902,282) of whith of £411,475 (2013 . £378,L74. The tru81¢￿ 4OJ8ldffj' a r¢8¢rvo Lt thls l¥vd 8E]ould ensiirv diaL in Ilio ovejit of 81gnlfl*￿￿t drop lu I￿¢) th¢y ￿1[ be uble lo continu¢ tho ¢]JHrlty's GUL'lWt aGUvlll¥s whll¥ conslderailbii1¥ 8lv¢n to I￿￿Y8}ll wliioh lldditiobal ￿ll￿8 may bffs tal$ed, Undor tE]o nwwatKlum xnd ￿'tIC]eS of as8ociatio￿ the Cli￿llY hfis tlie power to nThke iny liiv¢slment, wldch the tru8¢vo8 806 fit. The tL'Ust￿9 rep5)rt Ih&t th¢ro Ai'g ¢urMitly no r￿n{l8 &vailhblfr fw knvttBltntTrt it Iht8 tlm¢.as_fvnd8 an.beiiw..&et. tt5ids.for. repftir¥.Iild.imi￿'0vfjn￿II5.tO.. tbo prthspA...In. the..ey￿t of i)Mknnl fitnd8 ￿0￿)[[78 t[v￿lLb]e th¢ Bonrd WUI 8ovk apprnDrl&to ¢xp¢rt fftdvlco. Tho charity ts IL cornpany goV￿,￿ed by ily M¢moi'hndutn ￿*1¢]¥9 of A8sooinlion m)d it is lithitPAI by All ditevtors of t1￿ ¢ompany are klso tt'usteos oltho Qbarlty, attd thoro18 a membwhip compri8ed of olhor Inthe4. The In￿¢& nllmBd page 2 Jwved duriD8 the year. The Butwd ha8 tho puwpA' to ￿ppoInt d(lJ(iOJJHI os it. coll&ld¢rs fit to do 80, Nono oYtht* tnist0￿ has b¢nefjciul in th¢ ¢oMpHny. The ¢badty18 uoverjied by Director8, with die H88i8tan¢o of tThlla8W8 vojuntoors inember8. Tho tru¥tw' rH>Drt was approved by Iho Board of TI￿re¥S B Llnnts8Mr 'rruste¢ Datod: A8110f2O24 THCI L COL IELDS CE TRE LIMII'KD INDEPEI NDENT E( XAMINEI RS REPORT TO THCI TRUSTEI S Ob" I'HL LINCOLNSFIELDS ENT E LIMITEID l Teport to the trustees on iny ¢xaminatioJ] of tbe Fll]&ncial statements of The Liiicolnsfield Centre Ltmited (the charity) for the y¢ai ¢ndcd 31 M