LINCOLN GROUP TRAINING ASSOCIATION FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 CHARITY NUMBER 503299 LINCOLN GROUP TRAINING ASSOCIATION TRUSTEES REPORT YEAR ENDED 31ST DECEMBER 2023 The Trustees present their Annual Report with externally verified financial statements of the Charity for the year ended 31st December 2023 TRUSTEES Trustees during the year were: Mr C Hall Mr P Hobson MrHKok MrT Nash The Trustees are nominated, elected or appointed at the Annual General Meeting held each year. The Trustees can be contacted at Lindum Business Park, Station Road, North Hykeham, Lincoln, LN6 3QX OBJECTS, ORGANISATION AND ACTIVITIES The Charity was established in 1974 with the objective of providing for the theoretical and practical training of people involved in the construction industry. The Charity is an unincorporated association registered under the Charities Act 1960 and is governed by the Rules of Association. The Charity operated from its registered office and organises meetings and training courses for its members. REVIEW OF FINANCIAL ACTIVITIES AND AFFAIRS The Charity receives most of its income in the form of grants. The use of its grants is unrestricted. The Charity also receives subscriptions from its members and bank interest and members contributions to some courses. RESPONSIBILITIES OF THE TRUSTEES Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the financial activities of the charity during the year and of its state of affairs at the end of the year. In preparing those financial statements the trustees are required to: select suitable accounting policies and then apply them consistently make judgements and estimates that are reasonable and prudent; and prepare the financial statement on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. LINCOLN GROUP TRAINING ASSOCIATION TRUSTEES REPORT YEAR ENDED 31ST DECEMBER 2023 ADVISORS The external verification was carried out by Mrs Emma Sherlock, MAAT The bankers are HSBC, Lincoln RESERVES POLICY It is the policy of the Trustees that reserves should adequately cover the cost of activities in which the charity has engaged, but which have not yet materialised. Our current reserves cover any of this expenditure, and in addition provide us with the comfort that our programme for 2023 will be adequately funded. BYO ETR TEES HFFKOK EXTERNAL VERIFICATION REPORT TO THE TRUSTEES OF LINCOLN GROUP TRAINING ASSOCIATION I have completed an external verification of the financial statements of Lincoln Group Training Association for the year ended 31st December 2023. The financial statements have been prepared and externally verified in accordance with relevant legal and regulatory requirements. In my opinion the financial statements give a true and fair view of the charity's affairs as at 31st December 2023 and of its incoming resources and application of resources for the year then ended and have been properly prepared in accordan￿ with the Charities Act 1993. Emma Sherlock Member of The Association of Accounting Technicians LINCOLN GROUP TRAINING ASSOCIATION INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 INCOME Admin Support Grant EN Pilot Management Funds EN Pilol Training Course Funds Construclion Week 2023 Additional Income Refund Course expenses CITB TG Skills & Training funds Events Bank Interest Subscriptions Members Training 36750 14600 160804 3000 100 3353 28000 5875 14465 7500 500 82 1750 78085 537 1900 56723 277767 136256 EXPENDITURE Members Training Costs Secretary, Meeting & Travel Sponsorship, awards and grants Depreciation Printing and Stationery Postage CW Event 2022 CW Event 2023 CW Event 2024 Professional Fees Bad Debts Communicalions Bank Charges EN Pilot Training cosls EN Pilol Management costs 50953 13664 89084 13540 235 242 192 17717 17388 1008 714 6520 365 75 174599 13734 695 336 62 14265 3230 279496 139291 Net Income (defi'clt) for the year -1730 -3034 W..Wccount$lAccount8ntslLGTAILGTAW¢counts 20231Accouats 2023 LINCOLN GROUP TRAINING ASSOCIATION BALANCE SHEET AS AT 31ST DECEMBER 2023 2023 2022 Assets Bank- Current Bank- Savings Debtors 7,593 40,045 19,581 14,622 35,024 18,579 67,220 68,224 Creditors {76) 649 Net Assets 67,143 Represented By Accumulated Fund - Start of Year Revenue Result 68,873 (1,730) 71,907 (3,034) Accumulated Fund Balance 67,143 LINCOLN GROUP TRAINING ASSOCIATION BANK RECONCILIATION FOR THE YEAR ENDED 31ST DECEMBER 2023 Communi Account Opening Balance 0110112023 14,621.66 Uncleared Last Year End Transfers Income £ 324,953.32 Expenditure £ 331,981.50 Cash Book Closing Balance 3111212023 7,593.48 Uncleared This Year End Bank Closing Balan 7,593.48 Business Market Mana er Opening Balance 0110112023 35,023.67 Transfers 4,484.58 Income 536.85 Expenditure Cash Book Closing Balance 3111212023 40,045.10 Uncleared This Year End Bank Closing Balance 40,045.10