THE LINCOLNSFIELDS CEIYTRE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Com an istration No: 2105182 Charitv Re istration No: 298392 land and Wales
THE LINCOLNSFIELDS CENTRE LIMITED Contcnts Lcgal and adtninistralive iiiforntIOn Trijstees, i'cport 34 Independeiit cxatniner's report Sti1temenl of Financihl Activities Balance Sli£ct Notes lo the findiiLial Stateiiienis 8-13
THE LINCOLNSFIELDS CENTRE LIMITED LEGAL AND ADMtNISTRA TIVE INFORMATION Dii'ectors and Trustees B Linnegar M Finbui-gh (Resi]ed 1410812024) J Treves-Browii P Knight O Ki)ighi L Cascy Registered Office 29 Lincolnsficlds Bushey Hall Drive Busliey Flcrts WD23 ?ES Charitv Number 298392 Company Number 2105182 (England aiid Wales) Independent Examiner Mr Satish Pamiar FCCA SVP Associlltes Limited Cliartcrcd Certified Accouiitants 8 Brackcndale Grove Harpenden HLrtfordshire AL5 3EJ
THE LINCOLNSFIELDS CENTRE LIMITF.D Trustees, Re ort Includin Directors, Re ort for the ear ended 31 March 2025 Tlie trustees preseiit their report ]d financial statements for the year ended 31 March 2025. Tlie financial statenieiits liave becii preparcd in aeeordaiice willi Ilie <1ccounting policies sct out in note I to tlic fiii<qncial stateineiits and coniply with tlic charity's nienioranduni and aiticles of associatioii. the Coiiipanics Act 2006 aiid ' Accounting and Reporting by Charities: Siatenient of Reconui)ended Pr¢lCtice applicablc to cliarities prepariiig tlieir accounts iii accorddnce willi the Financial ReportinL Standard applicable iii tlic UK and Republic of Irelai)d (FRS 1021" las ameiided for accounting pcriods COlTunencing froLlI l Jaiiuaiy 2016). As a coiiipany Itiilltcd by guarantee. registered at Conipanies House, and also as a registered charity Tho Liiicoln5ficlds Centre Liii]tted is governed by a boai'd of directors who <2lso act as tlie cliarity's trustces. The boai'd is responsible for tlie stewardsliip and goveriiaEice of the cenlres activitics and Ihc fomiuldtion and nionitoring of tlie ceiitres strategic objectives. Tlie tiu.stecs are also directors of the Lincolnsfileds Playzonc Liiiiited. a private liillited conipany, wliolly owqied by the The Liiicoliisfields Centre Liiiiitcd, fur thc puiyose of acting (Is a coinineicial conlP¢lny iii SUPPOrt of the Cliarity. The board hereby presents its annual report 2nd the financial statements for the year ended 31 Marcll 2024. Objectivcs And activities Thc cliÉl1'ity's objLLt and its pi'incipul activity contllllieq to be that of providing affordablc holiday5, respite carc aiid resideiilial facilities for gi'oups and orgillli5atioiis dealiiig with children and yoiing peopl¢ and the provi5ioii of cducational faciliii¢s. Tlie facilities are used for spiritual weekends k]nd also for group bookings for respite care. The chai'ity is oi'g¢inised so that the Triistees nieet regularly 10 1113nage its affairs. There is oiie full time Cliildirii's Services Manager and a Financial Maiiager. wlio both nianage tlie day lo day adiiitnistration of the charity, and the effective use of all resources. The remaiiiiiig staffs Éirc cmployed in adiiiiiiistrative role5, cliildreii's ¢dLicalion roles and general iiiaintcnaiice of the grounds and buildiiigs. Wlicrc possible the trustees havc bcLn ussisting witli day to day adiiiiiiistration, mainlcnance and the WW2 project. The Mistees l)ave paid due i'cgard to guidance issued by the Charity ComLnission in deciding what activitics the cliai'ity sliould undertake. Developments, activities and achievement during the year iother good year operating our site and projects. The year was one of tOLigh financial times for people and organisations with high cost of I1.1ng which also affected tlie charity, the trustees and staff kept the situation under review keeping control ot our costs as miich as possible and keeping usage under review. St¢ifting has been kept linder view and the numbers kept under control but have risen due to paid staff time has been used to cover what used to be done by voluiiteers, level of volLinteers has been dropping diie to an ageing profile of our volunteers le¢iding to people dropping out. Situation being kept under review and looking at chances to recruit more.
THE LINCOLNSFIELDS CENTRE LIMETED Tru5tees' Re ort Includin Directors. Re ort for the ear ended 31 March 2025 Trustees still short of people and are looking to recruit new members, Mark Finburgli (legal background) has retired from board, thanks to all his efforts on our behalf over many years. Site facilities kept same Lisers but costs are rising dnd are being passed on, biggest issue still getting new leases put logether and issued due to various legal issues neediiig sorted out, working on. Play zoiie is now set up and is operating well and popular after charity speiiding d lot of Inoney. Charity projects still working well and meeting the charities aims of ¢ducation, usage is still good on all projects although has had some fall off due to costs involved, being kept under review. Staff and volunteers still doing a great job organising and running the projects thanks to them, Vollinteer nilbe[S proving ali issue, age profile of people who volunteer to run children at war project Inean they are gettiiig older and less availlible. Mike Howard one of our volunteers froin beginning (ran blitz experience very popiilar) had io give up dLie to ill health thanks for his efforts on our behalf he will be missed. Number of visitors to out forties experience piiblic opening have held up but ale levelling off and again volunteer numbers are an issue. Thanks to trLlStees, staff and volunteers for all their efforts over the year. Fill#ncial Review Tlie Stdtenieiil of Financial Activitics 51iows a net surplus for the year of £811 (2024 sui'plLlS £19.7021. AI tlic yet)r Lnd the net curreiit ssets stood al £9?2.795 12024 - £921.9841 of which casli of £403.195 12024 £411,475. The ti'uslees coiisider a reberve at this levcl should ensure thtit. in Il)e CVLnl of signiticaiit drop in iiicoine. they will be able to coiitinue the cliarity's cun'enl activitiC5 wliile consideration is giveii to ways in which additional t"und5 iiiay be raised. Ui)der tlie nienioranduni and articles of a550ciation, the charity has tlie power to nTrke any investment, which the trustees see fit. The trustee5 repoii that there are currently no t.unds available for investtnent at this tiine as fiiijds are being set aside for repair5 and improvements to Ilie premises. In die event of investment fund5 bccoming availablc the Board will seek appropriate cxpert advi¢¢. Structure* govern&n¢e and Management The charity is a Company governed by its Memoi-anduin and Articles of Association and it is liinited by guarantee. All directors of the coinpany are also trustees of the charity, and tliere is a nicmbership comprised of other tnjsteeb. The Iruslee5 lltiiiied on pagc 2 served during tlie year. The Board has the power to appoint additional tnislees as it coiisiders fit lo do so. None of the trustees has beneficial iiiterest in Il)e coinpaiiy. Tlie charity is governed by Directors, with the assistaiice of mai)agyers volunteers and niembers. Tlie trustees, report was approvcd by the Board of Trustees B Liiuiegar Trustee Dated-
THE LINCOLNSFIELDS CEN'I'RE LIMITED INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF'I'HE LINCOLNSFIELDS CENTRE LIMITED I i-eport io Ilie trustees on my cxainination of the fiiiancial stalcments of The Lincolnsficld C¢iitre Liniited (the cliarity) for the year cnded 31 March 20?5. RespoDsibilities and basis of report As the triislees of the cliai-ity (and also ils directors for tlie piiiyoses of conipany law) you are rcspuiisiblc foi. the preparation of the financial stateiiients in accordance witli the i'equirenicnls of the Coiiip<inies Act 2006 (the 2006 Act). Haviiig satisfied myself tliat the financial slalemenls of tlie charity arc not I'cquircd to be aiidited under Part 16 of tlie 2006 Act and are eligible for independent cxamination. I report iii rcspect of Iiiy Cxdniination of the charity's tinancial statenieiit5 caii'icd out under scctioii 145 of tlie Charities Act 201 I Ithc 201 l Act}. In carrying out my exainiiiation I have followed all tlie applicable Directions given by the Charity Commission uiider section 145{5) of tlie 201 l Act. Independent examiner's statemcnt Since tlie chaFlty's income exceeded £250.000 yoiii. exaininer Inust be a Iiieinber of a body listcd iii Section 145 of the 2011 Act. I confinn that l ani d qualified to uiideildkc thc exdmination because l ain a nieinbei. of ACCA ,1]IcI1 i.s onc of Ihc listed bodies. I Iiave coiiipleled Iny ¢xaiiiindlioii. I coiifir]ii that no m<ittLrs havc comc to niy attention in coniiection with tlie ex(liiiili(Ilioii giviiig me CdUSQ to believe that in aiiy imatei'ial i'cspcct: -accountiiig recoi'ds were not kept in respect of the cliarity as reqllired by scction 386 of the 2006 Act- or -the financial statements do not accord with tliose records,. or -the tinanciiil stateiiients do not ¢oinply witli the accouiitiiig requirenients of section 396 of the 2006 Act other Ihaii any reqiiir¢inentS ttial Ihc accounts give a trllc ttnd fair view which is not a matter considered as part of ali iiidependent exan]ination; oi- -thc financial statements have not been prepared in accordance with the metliods and principles of the Statcnicnt of Recomineiided Practice for accounting and reporting by charities applicable to cliarities preparing their accolints in accordaiice witli th¢ Fiiiaiicial Reportiiig Staiidai'd applicablc in thc UK aiid Rcpublic of Ircldnd IFRS 102}. I liave no coiicei'ii.s and have coiiie across no other inatters in connection with tlie exaiiiiiiation to wliich atteiition sliould be drawn in this report in order to enable a proper LLnderslanding of the fiiiaiicial stateinents lo be redclied. Satish Piirmar FCCA SVP Associatcs Certified Accouiitant5 8 Brack¢ndale Grovc, Harpenden, Hel-ls AL5 3EJ Dated-.
THE LINCOLNSFIELDS CkNTRE LIMITED STATEMENT OF FINANCIAL.4CI'IVITIES INCLUDING INCOME AND LXPV.NDII'URE ACCOUNT FOR TH YEAR LNDED 31 MARCH 2025 2025 2024 Notes Restricted Unrestricted funds fuiids Total Total Income from: Fund I'aising vciitures Donalioiis Inlei'esl received 531.548 449 2,481 531,548 449 2,481 477,801 107 2,148 Total income 534.478 534,478 480,056 enditure on: Direct Cliaritablc ExpendilLire 468.649 468.649 415.138 Management expenditure 64.547 64,547 44,808 Corpoi'ation tdx 471 471 408 Total resourees expended 533,667 533 460.354 Net incomingl{outgoing) resources 811 811 19,702 Funds balance at l April 2024 921,984 921,984 902,282 Funds balances at 31 M#r¢h 2025 922,795 922,795 921.984 The statcinent of financial activitics includes all gains and losses recognised in the year. All income and cxpenditure derivc fi'om continuiiig activities. Tlic stdtenieiil of fiiiancial activiti¢s also complies with thc requireinenls for ali inconie and expenditure account under Ilie Companies Act 2006.
THE LtNCOLNSFIELDS CENTRE LIMITED Balance Sheet as at 31 Mareh 202S 2025 2024 Note Fixed a55ets Taiigible as5Cts 364,996 432,262 Current 85setS Stock Debtors Cash at bank ai)d in hand 980 21?,060 403.195 980 128.947 411,475 10 616,?35 541,40? Creditors: aniounts falling due withiii oiie year 58,436 51,680 Net current Assets 557,799 489,722 Tot#1 A55ets Ics$ current liabilities 922.795 921.984 922.795 921,984 Funds Unrc%tricted fund Restricted 13 13 922,795 921,984 922.795 9?1,984 The coinpany is entitlLd to Ilie cxemption from the audit requiretnent contained in section 477 of the Companies Act 2006. for rhe year ended 31 Marcli 20?5. ie directors Jcknowledge tlieir responsibilities for coJnplyin&T with tlie requirements of the Conipanies Act 2006 with respect to accounting records gnd the prepaTation of financial 5tateinents. The nieinbers Iiave noi rcqiiircd tlie company to obtsin an audit of its financial stateinent5 for the year in question in accordance '1th section 476. These finaiicial statenicnts have been prepar¢d in accordance with the provisions applicable to companies subject to rhe sin211 ¢ompaniis regime. Tlie liiiancial statcmcnts wer¢ approved by the Trustees on B Lii)negai' _ Ditector
THE LINCOLNSFIELD.S CENTRE LIMITED Notes to the financial statements for the ear ended 31 March 2025 l. Aecounting policies Charity information The Lincoli)stlLld Centi'e Lirnited is a private company liiniled by guar<intee incorporated in England and Wales. The registered officc is 29 Lincolnsfileds. Bushey Hall Drive. Bushey. Herls WD23 2ES Aecounting Convention The tinancial stateiiiciiis liave been prepared in accordaiice willi the charity's memorandum aiid articles of association, the Coiiipaiiies Act 2006 and "Accounting and Reporting by Cliarities= Stateineiit ot" Rccoii]mended Practice applicable to charitiLs prcparing theii- accounts in accoi'dance with t]ie Finaiicial Rcporting Standai'd applicable ii) tlie UK and Republic of Ireland {FRS 102 la5 aineiided for accouiiting pcriods Lonuneiiciiig from l January 20161. The cliarity is a Publkc Benefit Eiitity as detiiied by FRS 102. Tlie cl)ai'ity has taken advaiitage of the provisions in the SORP for charities applyiiig FRS 102 Update Bullclin I not to prepare a Sialeineiil ot Cash Flows. The finai)cial slateiiients have been prepared under tlie historical cost convenlioii. The principal accounting policies adopted are set out below. Going eoneern At tlie time of approviiig the financial stateiiients, the Truste¢s coiisidei. that thcre are no n]aterial uiiceEtÉlilltiCS <ibout the chai'itable Lollip<iny's ability to continue as d going eonLern. The Iruslees do not coiisidei. tliat tiici'c al-e any sOlett of estiiiiation uiicertaiiity at thc rcportin(F date didt ljave a S111r]Clt iisk of causiiig a matcrial adjustnient to thc cai'rying aiiiounts of assets aiid liabilities within the next rcporting pei'iod. Income Voluntaiy ineome and donations are included in llicon]ing resources when they are receivable. except when the donois specify that they must be used in future accounting periods or donors, coi)dilions have iiot been ftilfillcd, then the income is deferred. The i]icotnc from fuiidraising ventures is shown gross. with the dssocialed costs iiicluded in fuiidraising costs. Expcnditure Resources expended are iiicliidcd iii the Siatenient of Financial Activities on an accruals basi%, inclusive of any VAT, whicli cannoi be recovered. Operating leases Rentals applicable to operatiiig lea5¢b are charged to tlie Stateiiient of Financial Activities ovcr the period rliey are iiicurird. Tangible fixed asset5 Depreciation is prowidcd on all tangible fixed dssets al rates calculated to WTite off the cost on a straight linc basis ovcr Ilicii. expected useful ¢coiioiiiic lives as follow5- Equipnient Freeliold Pluperty 20 D/0 per annuni Straig]ii line basis 40/0 per annum Straight linc basis
THE LINCOLNSFIELDS CENTRE LIMITED Notes to the account5 for the ear ended 31 March 2025 l.Expenditure on management and administration of the charity AdmiDistralioii expeiiditure includes all expei)diturc Iiot directly related tu the charitAble activity or fundraising vciitures. This incliides costs of riiiiiiiiiLT offiL'e preini5es, staff salaries for administrativ¢ staff and audit fces. 2025 2024 2. Activities for generating funds Children's Centi'e Iiicoii)e Rciil of surplus properly 1940's House Inconie Childi-en al Wai- Day visits Manageinent fees Misccllaiicous Income 169,522 129.249-. 12,781 44.715 174,868 413 183.799 124.235 8.463 30,180 127.941 3.183 531,548 477,801 3. Direct charitable e%penditllre Activity Preinises costs Staff costs Depreciation/profil 011 disposal 11,929 158.027 219.5U8 79,185 13,355 120.768 204.383 76,632 468.649 415.138 4. Trlanggement expenditure Office rent and services Accountancy fee Other adininistrative costs 25.725 2.750 36,072 19.660 2,250 22,898 64,547 44,808 5. Surplus for the year The surplus of iiiconic over cxpenditure 18 stated after charging.. Depi'eciatioii of taiigiblo fixed assets oled by tlie charity Accountdiicy fees 79,185 76.632
THE LINCOLNSFIELDS CENTRE LIMITED Notes to the aceounts for the ear ended 31 March 2025 6. Staff costs No remuneration was paid to trustees in the year. nor was any expei)ses reimbursed to tliem. Tlie staff costs of the i'eiiiainiThg staff wei'e.. 2025 2024 Wages and salaries Social secui'ity costs Peiision 212,341 4.008 3.159 198,047 3.789 !,547 219,508 204.383 The average wcekly number of stdff employed, calculatcd a5 full time equivalents during the year Wds lis follows.. 2025 2024 Direct charitable work Adniinisti-ative 20 20 7. Trustee5 None of the trustccs (or any person comieeted with tliein) received any remuneration oi. benefits from thc harity dui-iiig the year. 8. Taxation The charity is exeiiipt from taxation on its activitics because all its inconie is applied foi- charitablc purposes. -10-
THE LINCOLNSFIELDS CENTRE LIMITED Notes to the account5 for thc ear ended 31 March 2025 9. Tangiblc assets Equipiiienl Freehold Fixlui'es & Pi'opeily rittings Total Cost At l April 2024 1,745,313 112,247 1,857,560 Additioiis 1,919 11,919 At 31 Marcli 2025 1,745,313 124,166 1,869,479 Depreciation At l April 2024 1,339,152 86,146 1.425,298 Charge for the year 69,813 9,372 79,185 Ai 31 March 2025 1,408,965 95,518 1.504.483 Net Book Values At 31 Marcli 2025 336,348 28.648 364,996 At 31 Mllrcli 2024 406.161 26,101 432,262 2025 2024 IO. Debtors Tradc Debtors Aiiiouiit5 owed by subsidi4liy und¢rtakings Other Debtors 33,723 93,814 1,410 33,723 93.814 1,410 128,947 128,947
THE LINCOLNSFIELDS CENTRE LIMITED Notes to the accounts for the ear ended 31 Mar¢h 2025 2025 2024 I l. Creditors: amounts falling due within one year Other taxes and social security Tradc creditoi Corporation tax Accrlials Othei- creditoi's and Deferred Jncome 6.421 5,618 471 9,720 36.206 14,193 5,164 408 2.950 28,965 58,436 51,680 Bank Loan ts seciired by a fixed and floating cliarge. l O. Analysis of net assets between funds Unrestricted General Fuiid Restricted Incoiiio Fund Total Tangiblc fixcd assets Net CUlTcnt asset.% Loiig tei'iii liabilities 364,996 557,799 364,996 557,799 922,795 922,795 I l. Reconciliation of niovement in funds Restricted Uni'estricted Total Net surplus for the year 811 Net niovements ill the funds for tbe year 811 811 Total Funds: Brouglit tonvard 921,984 921,984 Carried Fonvard 922,795 922,795 I l. Related party traTr5actlOn5 Lincoln5tields Playzone Ltd Tlio Lincoln5fields Ccntrc Lid i-eceives nianageiiient fees foi. tlie use of its assets by Ilie Subsidiary. A fee ontinucs to bc Piiid by said subsidiary durinu the year. Oiily if a tinancial loss is to occur, such iiianagement would iiot bc paid. Managcment fees for 2025 £174,868 (2024 £127,941). -12-
THE LINCOLNSFIELDS CENTRE LIMITED Notes to the accounts for the vear ended 31 March 2025 12. Subsidiaries Tliese financial slateinents aro s¢pardtc Charity tinancial 5tatetnent5 for Thc Lillcolnsfileds Centre Liimited Details of the subsidiarie5 at 31 March 2025 are as follows.. NaTn¢ of the Undertaking Class of Shares held Registered Office Nature of the Business Lincolnsfilcds Palyzoiie Ltd England Pliiyzonc Activitie5 for Cliildreii Oi'dinary Shares loo -13-
THE LINCOLNSFIELDS CENTRE I.IMITED Detail ol Income and Ex enditure for the ear ended 31 March 2025 2025 2024 Income Activitics/Hire Doiiali0115 Iiillrcst Re¢¢ived 531,548 449 2,481 477,801 107 2,148 534.478 480.056 Expenses Wages aiid salaries Pension Rates xnd Water Repairs aiid mdinlenanLC Computer Mainlcnance Cleaniiig and laundry Insurance Travel Stalioneryladvertisiiig Telephone and postage Outiiigslaclivities Heating aiid lighting Accounl(iiicy FeLS Legal and professional tees Baiik cliarges Advei'lising Suiidry Expeiises Corporalioi) tax 216,349 3,159 6,557 63,673 6,630 10.739 25,525 2,239 1.671 13,357 11,928 77.258 2,750 7,015 1,293 630 3,238 471 201,836 2,547 5,657 40,638 6.412 16,314 23,416 2,008 3,348 7,219 13,354 54,403 2.641 1,271 408 454,482 383.722 Profit before Depreciation 79,996 96,334 Depreciation 79,185 76.632 Net 5uiplus for tlie year 811 19.702 -14-