Charlty number: 510310
FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
CONTENTS
Page
Reference and Administrative Detalls of the Charity, its Trustees and Advisers
Trustees. Report
Independent Examinerfs Report
Statement of Financlal Activities
Balance Sheet
Notes to the Financial Statements
8-15

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Trustees
Mr G Hewson
Mrs L Lord
Mrs T Robinson
Charity registered
number
510310
Principal office
152 8oultham Park Road
Lincoln
LN6 7TF
Page 1

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees present their annual report together with the financial statements of the Charity for the period 1
October 2023 to 30 September 2024.
Objectives and activities
a. Policies and objectives
To benefit the patients and staff of the hospitals of Lincolnshire and generally support the charitable work of the
hospitals by supplying equipment and facilities which cannot be provided out of public funds.
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. including the guidance 'Public benefit: running a
charity (P821'.
Achievements and perfomiance
Main achievements of the Charity
During the year ended 30 September 2024 the charity assisted local hospitals.
All grants awarded in the year ended 30 September 2024 have been recognised in these financial statements.
The charity trustees have agreed to support smaller worthwhile projects which fall outside the remit of the
National Health Service.
Financial review
Going concern
After making appropriale enquiries, Ihe Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue lo adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
b. Reserves policy
The Trustees regularly review the reserves of the charity and its present income streams.
The Charity has no fixed commitments and considers each request for monies from its funds on an individual
basis. The requests come from various departments of the Lincoln Hospitals and decisions are made bearing in
mind the aims of the Charity. The Trustees may agree to fund the requests in full or in part.
The Trustees feel it is prudent not to commit to more than 20Yo of its reserves in any one year unless there are
exceptional circumstances relating to a request.
Once funds are cornmitted the Trustees monitor them closely in relation to their final instruction for payment
which can sometimes involve the relevant hospital's purchasing department.
The Trustees are made aware of how much of the funds are committed at any one time.
Page 2

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Structure, governance and management
Constitution
Friends of Lincoln Hospitals Association is a registered charity, number 510310, and is constituted under a Trust
deed.
The Charity is controlled by its goveming document, a deed of trust. and constitutes an unincorporated charity.
The Charity is consts'tuted as a Trust Association. It is govemed by its Rules as adopted on 5 July 1948 and
amended on S June 1980 and 2 November 1986.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed. New Trustees are selected by the board.
c. Organisational structure and decision4naking policies
The Charity is govemed by its Board of Trustees who decide on the overall running and governance of the
Charity.
Decisions on the allotment of monies is undertaken by the Friends of Lincoln Hospitals Association Committee.
The committee includes all Irulees as well as Other stakeholders.
d. Pollcles adopted for the induction and training of Trustees
All Trustees receive reference material from the Charity Commission website. Specific items relating to the
Charity are discussed as a Board in the trustee meetings.
e. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the
operations and finances of the Charity. and are salisfied that systems and procedures are in place to mitigate
exposure to the rnajor risks.
Page 3

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming
resources and application of resources, including its income and expenditure, for that period. In preparing these
financial statements, the Trustees are required to=
select suitable accounting policies and then apply them consistently.,
observe the rnethods and principles of the Charits'es SORP {FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements:
prepare the financial slatements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charitvs transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial stalements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Twst deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved
by
order
of
the
29 April 2025 and signed on their behalf by..
rnembers
the
board
of
Trustees
on
koy
Mr G Hewson
Mrs L Lord
Page 4

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Independent Examiner's Report to the Trustees of Friends of Lincoln Hospitals Association I'the
Charity,)
I report to the charity Trustees on my examinats'on of the accounts of the Charity for the year ended 30
September 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 {'the 2011 Act,).
I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission uncler
section 145(51(b) of the 2011 Act.
Independent Examlner's Statement
Since the Charitvs gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confim that l am qualified to undertake the examination because l am a member
of Instilule of Chartered Accountants in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practs'ce applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} in
preference to the Accounting and Reporting by Charities= Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examinalion. I confim that no matters have come to my attention in connection with the
examination giving me cause to believe Ihat in any material respect:
accounting records were not kepl in respect of the Charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements conceming the form and content of
accounts set out in the Charits'es (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fairf view which is not a matter considered as part of an independent
examination.
I have no concems 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 undersianding of the accounts to be reached.
Signed:
4&th
Dated.. 29 April 2025
Valerie Steward
Bsc FCA FCCA FRSA
Greenfield Farm, 23 West Street. Hibaldslow, North Lincolnshire, DN20 9NY
Page 5

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Other trading activities
Investments
318,000
32,614
7,333
318,000
32,614
7,333
671
26,550
4,870
Total income
357,947
357,947
32,091
Expendlture on:
Raising funds
Charitable activities
24,974
14.296
24,974
14.296
16,042
2,959
Total expenditure
39,270
39,270
19,001
Net movement in funds
318,677
318.677
13,090
Reconciliation of funds:
Total funds brought forward
Net movement in funds
7,185
191,344
318,677
198,529
318,677
185,439
13,090
Total funds carrled forward
7,185
510,021
517,206
198,529
The Statement of Financial Activities indudes all gains and losses recognised in the year.
The notes on pages 8 to 15 form part of these financial statements.
Page 6

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
2024
2023
Note
Flxed assets
Current assets
Stocks
2.313
60,120
454,773
2,981
Debtors
Cash at bank and in hand
195,548
517,206
198, 529
Net current assets
517,206
198,529
Total assets less current liabllities
517,206
198, 529
Net assets excludlng pension asset
517,206
198,529
Total net assets
517,206
198,529
Charity funds
Restricted funds
Unrestricled funds
7,185
510,021
7, 185
191,344
Total funds
517,206
198,529
The financial statements were approved and authorised for issue
29 April 2025 and signed on their behalf by:
by the Trustees on
Mr G Hewson
Mrs L Lord
The notes on pages 8 to 15 forni part of these financial statements.
Page 7

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
General infomiation
Friends of Lincoln Hospitals Association is a registered charity in England and Wales (number 510310)
with the registered office address being 152 Boultham Park Road, Lincoln. LN6 7TF. Further delails
regarding the activities of the charity can be found in the trustees report.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance wth the Charities SORP (FRS 102)
Accounting and Reporting by Charities: 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) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fairf view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fair, view. This departure has involved following the Charities SORP (FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Friends of Lincoln Hospitals Association meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of
receipt and the ability to eslimate wth sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left lo
them (through knowledge of the exislence of a valid will and the death of the benefactor) and the
executor is satisfied that the property in question wll not be required to satisfy claims in the estate.
Receipt of a legacy must be recognised when it is probable that it will be received and the fair value
of the amount receivable, which will generally be the expecled cash amount to be distributed lo the
Charity, can be reliably measured.
Income tax recoverable in relation to investment income is recognised al the time the investment
income is receivable.
Page 8

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting policies (continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in unclertaking each activity- Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable actiwties is incurred on directly undertaking the activities which further the
Charitls objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment. but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interesl receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity- this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.5 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost indudes all direct costs and an appropriate proportion of fixed
and variable overheads.
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
prepa￿entS are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
Page 9

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting policies {continued)
2.9 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.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income. gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
Legacies
81
317,919
81
317,919
671
Total 2024
318,000
318,000
671
Tot812023
671
671
Page 10

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Income from other Irading activities
Income from non charitable trading activities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Shop Income
32,614
32,614
26,550
Total 2023
26.550
26. 550
Investment Income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Investment income
7,333
7,333
4,870
Tot812023
4,870
4,870
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 30 September 2024. no Trustee expenses have been incurred (2023 - £NIL).
Stocks
2024
2023
Finished goods and goods for resale
2,313
2,981
Page11

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Debtors
2024
2023
Due within one year
Prepayments and accrued income
60,120
60,120
Page 12

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
statement of funds
Statement of funds - current year
8alance at
30
September
2024
8alance at 1
October
2023
Income Expenditure
Unrestricted funds
General Funds
191.344
357,947
(39,270)
510.021
Balance at
30
September
2024
Balance at 1
October
2023
Income Expenditure
Restricted funds
Betty Hutchinson Trust
7.185
7,185
Total of funds
198,529
357,947
(39,270)
517,206
General Funds constitute those funds held by the charity to be spent to further the charitable objective in
any way.
The restricled fund donation from the Betty Hutchinson Trust is to be spent to further the best interests of
the oncology department al the Lincoln County Hospital.
Page 13

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Statement of funds (continued)
Statement of funds - prior year
8alance at
30
September
2023
Balance at
l October
2022
Income Expenditure
Unrestricted funds
General Funds
178,254
32,091
(19,001)
191,344
Restrlcted funds
Restricted Funds - all funds
7, 185
7,185
Total of funds
185, 439
32,091
(19,001)
198,529
10. Summary of funds
Summary of funds - current year
Balance at
30
September
2024
Balance at 1
October
2023
Income Expenditure
General funds
Restricted funds
191.344
7.185
357,947
(39,270)
510,021
7,185
198,529
357,947
(39,270)
517,206
Page 14

FRIENDS OF LINCOLN HOSPITALS ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
10.
Summary of funds (continued)
Summary of funds - prior year
88lance at
30
September
2023
Balance at
1 October
2022
Income Expenditure
General funds
178,254
7.185
32,091
(19,001)
191,344
7, 185
Restricted funds
185,439
32.091
(19.007)
198,529
11.
Analysis of net assets between funds
Analysls of net assets between funds - current period
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Current assets
7.185
510,021
517,206
Total
7,185
510,021
517,206
Analysis of net assets between funds - prlor perlod
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Current assets
7,185
191,344
198,529
Total
7,185
191,344
198,529
12.
Related party transactions
The Charity has not entered into any related party transaction during the year, nor are there any
outstanding balances owing between related parties and the Charity at 30 September 2024.
Page 15