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2025-03-31-accounts

CHARITY REGISTRATION NUMBER: 500682

Lincolnshire Police Charitable Fund Unaudited Financial Statements

31 March 2025

NUVO ACCOUNTANCY (ASHBY) LTD

Chartered Certified Accountants Rawdon House Rawdon Terrace Ashby de la Zouch Leicestershire LE65 2GN

Lincolnshire Police Charitable Fund

Financial Statements

Year ended 31 March 2025

Pages
Trustees' annual report 1 to 4
Independent examiner's report to the trustees 5
Statement of financial activities 6
Statement of financial position 7
Notes to the financial statements 8 to 12

Page 1

Lincolnshire Police Charitable Fund

Trustees' Annual Report

Year ended 31 March 2025

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.

Reference and administrative details

Registered charity name Lincolnshire Police Charitable Fund Charity registration number 500682 Principal office PO Box 999 Lincoln LN5 7PH

The trustees

Chief Inspector I Richardson Ms S McEachran Supt Timmins Mr R D Bolland Mrs C Atkinson A C Wintin F Harrod Rev T M Lord D Parker Mr J R Hoyes H Stamp (Resigned 14 January 2025) A Bowley-Webb G Anderson Mrs J Debenham Mr D Robinson W Robson S Davies (Retired 19 September 2024) G Pengelly W Peachey (Appointed 17 August 2024) N Templeman (Appointed 20 September 2024) R Robertson (Appointed 14 January 2025) P Gibson (Appointed 5 July 2024) (Served from 18 June 2024 to 6 G Tyas March 2025) M Gerwal (Appointed 16 January 2025) C Davison (Appointed 23 September 2024) Independent examiner A W Stant FCA Rawdon House Rawdon Terrace Ashby de la Zouch Leicestershire LE65 2GN

Page 2

Lincolnshire Police Charitable Fund

Trustees' Annual Report (continued)

Year ended 31 March 2025

Structure, governance and management

Constitution

Lincolnshire Police Charitable Fund is a registered Charity number 500682. Its governing document is its constitution dated 1 April 1974 and revised September 2021.

The fund is managed from the Force Headquarters by a Committee of Trustees which is made up from representatives from various areas of the Force as specified in the governing document.

The Charity also has an Executive Committee, an Administrator and a Treasurer who all play key roles in the operation of the charity.

Policies and procedures for the induction and training of Trustees

The Lincolnshire Police Charitable Fund (LPCF) will invite the Staff Associations to recruit their Trustees (so far as is possible) from Representatives who have knowledge of the areas in which the Charity operates. It will also seek to place emphasis on diversity in the recruitment process in an effort to find Trustees with the right skills and experience and from a wider range of ages and social and economic backgrounds.

Deputies for the Trustees must also complete the Induction process.

Before accepting any applicant for the position they will be required to complete a declaration of eligibility to show that they are not in any way disqualified from acting as a Trustee.

Having been identified as a suitable candidate the potential Trustee (PT) will then be subject to a meeting with an experienced Trustee(s) who will provide a clear picture of their potential duties and responsibilities. They will also be provided with a variety of documentation to enable the candidate to gain a full understanding of the charitable purpose, financial position and current issues.

The issue of on-going Trustee training and development will at all times be linked to maintaining the integrity of LPCF and the effective running of the Charity. All Trustees are required to undertake the video training provided by the Charities Commission, both when they commence as a Trustee and on a ongoing yearly basis.

Risk management

The Trustees continue to monitor the major risks to which the Charity is exposed and to keep under review the adequacy of the systems which they believe are adequate and appropriate to the size of the Charity and the nature of its operations.

Page 3

Lincolnshire Police Charitable Fund

Trustees' Annual Report (continued)

Year ended 31 March 2025

Objectives and activities

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.

The aims of the Fund, at the discretion of the Trustees, shall be to relieve and assist either generally or individually, eligible members of the Fund who are in conditions of need, hardship or distress, all of whom are to be called 'the beneficiaries'. To carry out these aims, the Trustees shall have the following powers -

(a) To make monetary grants or loans.

(b) To provide items, facilities and services calculated to reduce the need, hardship or distress of the beneficiaries and to pay for such items, facilities or services to the provider direct.

(c) To provide additional assistance to other agencies in cases of sickness , infirmity and old age.

(d) To pay for such items, services or facilities by way of donations or subscriptions to institutions or organisations which provide or which undertake in return to provide such items.

(e) To contribute to Police Charities or other charitable organisations as agreed by the Trustees.

(f) To take and accept any gifts of property, whether subject to any special trust or not, for the aim of the Fund.

(g) To raise voluntary funds in support of the aims of the Fund and to receive and accept contributions by way of subscriptions and donations; provided that the Trustees shall not undertake any permanent trading activities in raising funds for the primary object.

Grants and loans

Grants and the amount of grant or interest free loans shall be at the discretion of the Trustees.

In the cases of all loans, the period of repayment shall be at the discretion of the Trustees

The Trustees shall not apply any part of the fund directly in relief of Council Taxes, taxes fines or other penalties. They may apply the fund in supplementing relief or assistance provided out of public fund.

The Trustees shall not be obliged to consider costs towards long term residential care, or applications for fees towards them.

The Trustees shall not be obliged to consider loans for subscribing volunteers, nor for subscribing members employed by Lincolnshire Police partners.

Achievements and performance

Review of activities

The Trustees are very conscious of falling membership and are continually discussing options for highlighting the Fund to prospective members. Trustees themselves promote the Fund and also attend serving staff and officer training days, as well as provide social media input within Lincolnshire Police internal systems.

Page 4

Lincolnshire Police Charitable Fund

Trustees' Annual Report (continued)

Year ended 31 March 2025

Financial review

Reserves policy

Annual consideration is given to monies received, investments made and loans and grants given out. Grant levels relating to travel, death and Christmas presents were not increased this year, and the Trustees continue to take seriously the task of ensuring that financial matters are carried out with integrity.

The Charity at the end of the year holds £231,490 as purely unrestricted funds. Fixed asset investments represent £221,712 (2024 £233,212) of this figure, these being used to generate one of the key sources of income for the Charity. The remaining £9,778 is made up of net current assets, which can be realistically classed as free reserves and are held in order to cover the costs of the Charity for approximately half a year, in times of low income. This time scale is considered appropriate in allowing the Trustees to take necessary action to regain income flows.

Material investments policy

The Trustees continue to keep a close watch on the situation of falling revenue, especially at a time when the available membership pool is also not increasing, due to Lincolnshire Police being unable to recruit officers and/or staff. The Trustees are mindful that there is no ability to raise funds by means other than those stated in the rules.

Undoubtedly the advice given for investments has proved to be sound. However, the Trustees are mindful of being complacent in this area. To this end, there has been careful consideration this year of re-investing some of the funds. The decision ratified by the Trustees has been to invest funds on a medium and long term basis, with investments being regularly reviewed with the Fund's financial adviser.

The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:

Chief Inspector I Richardson Trustee

Page 5

Lincolnshire Police Charitable Fund

Independent Examiner's Report to the Trustees of Lincolnshire Police Charitable Fund

Year ended 31 March 2025

I report to the trustees on my examination of the financial statements of Lincolnshire Police Charitable Fund ('the charity') for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material 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 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements 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.

A W Stant FCA Independent Examiner

Rawdon House Rawdon Terrace Ashby de la Zouch Leicestershire LE65 2GN

Page 6

Lincolnshire Police Charitable Fund

Statement of Financial Activities

Year ended 31 March 2025

2025 2025 2024
Unrestricted
funds Total funds Total funds
Note £ £ £
Income and endowments
Donations and legacies 4 11,552 11,552 10,056
Investment income 5 2,497 2,497 3,012
Other income 6 13,686 13,686 14,094
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Total income 27,735 27,735 27,162
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
Expenditure
Expenditure on raising funds:
Investment management costs 3,040 3,040 2,721
Expenditure on charitable activities 7 28,905 28,905 24,134
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Total expenditure 31,945 31,945 26,855
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
Net gains/(losses) on investments 8 1,385 1,385 (628)
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Net expenditure (2,825) (2,825) (321)
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
Other recognised gains and losses
Fair value gains/(losses) on investments (12,134) (12,134) 23,372
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Net movement in funds (14,959) (14,959) 23,051
Reconciliation of funds
Total funds brought forward 246,449 246,449 223,398
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total funds carried forward 231,490 231,490 246,449
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 8 to 12 form part of these financial statements.

Page 7

Lincolnshire Police Charitable Fund

Statement of Financial Position

31 March 2025

2025 2024
Note £ £ £ £
Fixed assets
Investments 11 221,712 233,212
Current assets
Debtors 12 2,707 2,780
Cash at bank and in hand 8,623 12,168
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
11,330 14,948
Creditors: amounts falling due within
one year 13 1,552 1,711
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Net current assets 9,778 13,237
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total assets less current liabilities 231,490 246,449
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Net assets 231,490 246,449
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Funds of the charity
Unrestricted funds 231,490 246,449
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total charity funds 14 231,490
৶৶৶৶৶৶৶৶৶
246,449
৶৶৶৶৶৶৶৶৶

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:

Chief Inspector I Richardson Trustee

The notes on pages 8 to 12 form part of these financial statements.

Page 8

Lincolnshire Police Charitable Fund

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Police HQ, PO Box 999, Lincoln, LN5 7PH.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Page 9

Lincolnshire Police Charitable Fund

Notes to the Financial Statements (continued)

Year ended 31 March 2025

3. Accounting policies (continued)

Resources expended

All expenditure is accounted for on an accruals basis and have been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Investments

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

4. Donations and legacies

Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Donations
Public donations & collection boxes 3,156 3,156 856 856
Other donations and legacies
Administrative expenses contribution 8,396 8,396 5,000 5,000
Volunteers subscriptions contribution 4,200 4,200
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
11,552 11,552 10,056 10,056
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶

Page 10

Lincolnshire Police Charitable Fund

Notes to the Financial Statements (continued)

Year ended 31 March 2025

5. Investment income

Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Income from listed investments 2,289 2,289 2,779 2,779
Bank interest receivable 208 208 209 209
Other interest receivable 24 24
ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ
2,497 2,497 3,012 3,012
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶
6. Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Salary deductions 10,979 10,979 11,314 11,314
Income tax recoverable 2,707 2,707 2,780 2,780
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
13,686 13,686 14,094 14,094
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
7. Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Grants and expenses awarded to
individuals 20,395 20,395 17,605 17,605
Donations to Charitable Organisations 3,000 3,000 2,015 2,015
Support costs 5,510 5,510 4,514 4,514
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
28,905 28,905 24,134 24,134
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
8. Net gains/(losses) on investments
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Realised gains/(losses) on disposal of
investment assets 1,385 1,385 (628) (628)
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶ ৶৶৶৶
9. Independent examination fees
2025 2024
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 2,556 1,260
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶

10. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

Page 11

Lincolnshire Police Charitable Fund

Notes to the Financial Statements (continued)

Year ended 31 March 2025

11. Investments

Listed
investments
£
Cost or valuation
At 1 April 2024 233,212
Additions
Disposals (4,778)
Fair value movements (6,722)
ৄৄৄৄৄৄৄৄৄ
At 31 March 2025 221,712
৶৶৶৶৶৶৶৶৶
Impairment
At 1 April 2024 and 31 March 2025
Carrying amount
At 31 March 2025 221,712
৶৶৶৶৶৶৶৶৶
At 31 March 2024 233,212
৶৶৶৶৶৶৶৶৶

All investments shown above are held at valuation.

Financial assets held at fair value

The fair value of listed investments is determined by reference to the quoted price for identical assets in an active market at the balance sheet date.

12. Debtors

2025 2024
£ £
Other debtors 2,707 2,780
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶
13. Creditors: amounts falling due within one year
2025 2024
£ £
Accruals and deferred income 1,552 1,711
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶

14. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At
At Gains and 31 March 202
1 April 2024 Income Expenditure losses 5
£ £ £ £ £
General funds 246,449 27,735 (31,945) (10,749) 231,490
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
At Gains and At
1 April 2023 Income Expenditure losses 31 March 2024
£ £ £ £ £
General funds 223,398
৶৶৶৶৶৶৶৶৶
27,162
৶৶৶৶৶৶৶৶
(26,855)
৶৶৶৶৶৶৶৶
22,744
৶৶৶৶৶৶৶৶
246,449
৶৶৶৶৶৶৶৶৶

Page 12

Lincolnshire Police Charitable Fund

Notes to the Financial Statements (continued)

Year ended 31 March 2025

15. Analysis of net assets between funds

Unrestricted Total Funds
Funds 2025
£ £
Investments 221,712 221,712
Current assets 9,778 9,778
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Net assets 231,490 231,490
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Unrestricted Total Funds
Funds 2024
£ £
Investments 233,212 233,212
Current assets 13,237 13,237
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Net assets 246,449 246,449
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶

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