LINCOLN GROUP TRAINING ASSOCIATION FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 CHARITY NUMBER 503299 LINCOLN GROUP TRAINING ASSOCIATION TRUSTEES REPORT YEAR ENDED 31ST DECEMBER 2024 The Trustees present their Annual Report with externally verified financial statements of the Charity for the year ended 31st December 2024 TRUSTEES Trustees during the year were: Mr C Hall Mr P Hobson MrHKok Mrs P Bailey (Appointed Feb 2025) The Trustees are nominated, elected or appointed at the Annual General Meeting held each year. The Trustees can be contacted via the Group Training Officer address 9-10 Lincoln Road Saxilby Lincoln Lincolnshire LN12NF 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 organised meetings and training courses for its members. REVIEW OF FINANCIAL ACTIVITIES AND AFFAIRS The Charity receives most of its income in the fonn 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. 2023 and 2024 both had one-off exceptional activities where the CITB used the LGTA as a conduit to channel grants to end users. These were not core activities, but one-off events, which will not be repeated, so we do not consider these 'income and expenditure, in the sense of our normal activities of members training. FINANCIAL RESPONSIBILITIES & DUTIES 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. LINCOLN GROUP TRAINING ASSOCIATION TRUSTEES REPORT YEAR ENDED 31ST DECEMBER 2024 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 2024 reserves were sufficient to cover any of this expenditure. and in addition provided us with the comfort that our programme for 2025 would be adequately funded. BY ORDER OF THE T STE HFFKOK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LINCOLN GROUP TRAINING ASSOCIATION I report to the trustees on my examination of the accounts of the above charity for the year ended 31 December 2024. Responsibilities and basis of report The Charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audst is not required for the year under Section 144(2) of the Charities Act 2011 ( "the Act.) an that an independent examination is required. It is my responsibility to: Examine the accounts under section 145 of the 2011 Act. To follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5}(b) of the Act. and To state whether any particular matters have come to my attention. Basis of opinion My examination was carried out in accordance with the General Directions given by the Charity Commissioner. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts with those records. It also includes consideration of any unusual items or disdosures in the accounts, and the seeking of explanations from you as Trustees concerning any such matters. The prO￿dureS undertaken do not provide all the evidence that would be required in an audit, and consequently, no opinion is given as to whether the accounts present a Irue and fairf view and the report is limited to the matters set out in the statement below. Independent Examiners, statsment In connection with my examination, I confim that no material matters have come to my attention which gives me reasonable cause to believe that in, any material respect: Accounting records were not kept in accordance with section 130 of the Act or The accounts do not accord with the accounting records I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of thea to be reached. Emma Sherlock MAAT clo Lindum Group Ltd Lindum Business Park Station Road, North Hykeham Lincoln, LN6 3QX Date: 0110312025 LINCOLN GROUP TRAINING ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 INCOME Admin Support Grant EN Pilot Management Funds EN Pilot Training Course Funds Construction Week 2024 Additlonal Income Refund Course expenses CITB TG Skills & Training fund8 Events Bank Interest Subscriptions Members Training 35000 16088 162117 7585 36750 14600 160804 3000 100 3353 3046 597 3708 34719 537 1900 50203 262861 271247 EXPENDITURE Members Trainlng Costs Secretary, Meoting & Travel Sponsorship, awards and grants Depreciatlon Printing and Slationery Postage CW Event 2023 CW Event 2025 CW Event 2024 Bad Debts Professional Fees Communications Bank Charges EN Pilot Training cosls EN Pilot Management costs 22905 14047 50953 13664 235 242 17388 355 19629 2745 773 689 61 181394 15553 1008 6520 714 365 75 174599 13734 258150 272976 Net Income Ideficill for the year 4711 -1730 W'.WGcountswGcounlantslLGTAILGTAW¢counts 2024￿￿O￿ntS 2024 LINCOLN GROUP TRAINING ASSOCIATION BALANCE SHEET FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 Assets Bank- Current Bank - Savings Debtors 16,369 55,500 7,593 40,045 19,581 71,869 67,220 Creditors (15) (76) Net Assets 71,854 67,143 Represented By Accumulated Fund- Stsrt of Year Revenue Result 67,143 4,711 68,873 (1,730) Accumulated Fund Balance 71,854 LINCOLN GROUP TRAINING ASSOCIATION BANK RECONCILIATION FOR THE YEAR ENDED 31ST DECEMBER 2024 Comm ni count Openlng Balance 0110112024 7 593.48 Uncleared Last Year End Transfers Income £ 309,181.11 Expenditure £ 300,406,75 Cash Book Closing Balance 3111212024 16 368.84 Uncleared This Year End Bank Closing Balance 16 368.84 Bus ness Mark t Mana er Openlng Balance 0110112024 40,045.10 Transfers 14,857.87 Income 597.41 Expendlture Cash Book Closing Balance 3111212024 65,500.38 Uncleared Thls Year End Bank Closing Balance 55,500.38