LINCOLNSHIRE HOUSE ASSOCIATION
Financial statements
For the year ended
31 March 2025
Redistered company number: 2262217
Registered charity number: 700717

LINCOLNSHIRE HOUSE ASSOCIATION
Financial statements for the year ended 31 March 2025
CONTENTS
Executive Council's report
Independent auditor's report
Statement of financial activities
Income and expenditure account
Balance sheet
Statement of cash flows
Notes to the financial statements
The following pages do not form part of the statutory accounts:
General account
Activities income and expenditure account
The Wish Appeal Fund
PAGE
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6
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24

LINCOLNSHIRE HOUSE ASSOCIATION
1
Executive Council's report for the vear ended 31 March 2025
The council are pieased to present their annual directors' report together with the audited financial
statements of the charity for the year ending 31 March 2025 which are also prepared to meet the
requirements for a directors' report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum
and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommende
ractice applicable to charities preparing their accounts in accordance with the Financial Reportin
Standard applicable in the UK and Republic of Ireland (FRS 102) published in October 2019.
Reference and administrative information
Charity name:
Lincolnshire House Association
Charity registration number:
700717
Company registration number:
2262217
Registered office and operational address: Lincolnshire House Associatio
rumby Wood Lan
Scunthorpe
North Lincolnshire, DN17 1AF
Tolomembers of the Executive Council at the date of this report and who served during the year were as
Mrs S KEynott (Secretary) (resigned 06 December 2024)
Mr N C Sofroniou
Mr B G Taylor
Mr R C Eynott
Miss G Smith
Ms I V Crowther
Mrs W Liles
Mrs L Haresign
Mrs J Hodge (resigned 12 June 2025)
Mr A Cheffings (appointed secretary 06 December 2024)
Mrs J Humphries (appointed 14 May 2025)
Manager
Mr | Millard (retired 30 September 2024)
Mr J Baker (appointed 09 September 2024)
Auditors
RNS Chartered Accountants, 50-54 Oswald Road, Scunthorpe, DN15 7PQ
Bankers
HSBC Bank pic, 84 High Street, Scunthorpe, North Lincolnshire, DN15 6HQ
Solicitors
The Company has not formally appointed solicitors but uses a number of local firms as the need arises and
depending upon the expertise required.

LINCOLNSHIRE HOUSE ASSOCIATION
2
Executive Council's report for the vear ended 31 March 2025 (continued)
Objectives and activities
Lincolnshire House provides high quality residential accommodation and day care together with respite
care for persons with cerebral palsy and associated or similar disabilities. Care services include education,
treatments and the promotion of independence together with the necessary advice and support.
The policies adopted in furtherance of these aims are:
a)
We expend Local Authority, Social Security Benefits funding and other sundry income in a prudent
manner for the purpose of the day to day running of Lincolnshire House.
b)
We organise fund raising events, which, together with donations and any surplus designated from
the general fund to the WISH Appeal, are to be applied to the construction of further residential
accommodation either in the local community or on our existing site.
C)
Lincolnshire House continues to improve the facilities provided for the residences, day attendees and
those on respite care. By a continuous programme of staff training we aim to improve on our existing
high standards of care.
d)
To widen the experiences of our service users we are establishing relationships with other similar
organisations in the local area by arranging regular interchange visits. We will expand this activity in
the coming year.
e)
To help further improve our service and ensure continuation of our quality level we continue to
address concerns and comments arising from our regular quality assurance surveys.
In shaping our objectives for the year and planning our activities, the council have considered the Charity
Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
STRATEGIC REPORT
Achievements and performance
The Wish Appeal income has remained similar at 214,884 compared to £14,617 the previous year. £12,222
was raised through fundraising events and £2,662 was donated.
The 200 club has raised £4, 130
Horse Racing £792
Summer Fete £1,687
Sportsman's Dinner £2,487
These were the fundraising events along with support from car boot sales and the Xmas fayre. Thank you
to everyone who has supported our fundraising.
The hot tub continues to be used by both residents and day service users. This has proved to be an
enjoyable experience and has many therapeutic values. We hope to install the swim spa in the future,
which everyone is excited about.
Our respite offering has returned due to staffing improvements and regular and recurring respite stays are
now happening and booked for the future. Day care has returned to normal and many more activities are
being offered to everyone.
There has not been an inspection from CQC as this is monitored with regular assessments, our rating
remains good. We have received the annual validation by North Lincolnshire Council, no issues or concerns
were raised; any recommendations are being actioned.

LINCOLNSHIRE HOUSE ASSOCIATION
3
Executive Council's report for the year ended 31 March 2025 (continued)
We continue to invest and always look at ways to improve the accommodation. We are continuing to see
the benefits of investing in solar energy and intend to have more solar panels fitted over the coming year.
In the past year there has been one new resident who has come to live permanently at Lincolnshire House.
Key performance indicators
The Executive Council monitors the number of residents and day care attendees being housed and
supported by the charity. The average numbers are:
2025
No
31
14
2024
No
35
10
Permanent residents
Regular day care attendees
Financial review
During the period under review, donations and other sundry income into the restricted fund for the WISH
Appeal amounted to £14,884. £19,266 was transferred to the Completed Assets fund during phase 10 of
the development leaving a balance of Enil in the restricted WISH Appeal fund, after the over-spend of
£4,382 was transferred from the WISH Appeal designated fund. This leaves a cumulative designation of
£96,092 for the WISH Appeal whenever this is required. The Activities fund is the only restricted fund.
Income for the general running expenses amounted to £2,347,537 of which £2,089,228 was expended.
The closing balance of general unrestricted reserves amounted to £3,263,498. The Assets Completed
Fund is £2,868,238.
Sponsoring authorities are the main source of income for the charity. Some fundraising is done in the local
community and these events are generally run by our employees. We believe we are compliant with GDPR
when contacting our supporters and this is done directly by our trained employees to prevent unreasonable
intrusion on a person's privacy, unreasonably persistent methods to receive a donation and undue pressure
on a person to give a donation. We have received no complaints regarding our fund raising procedures
during the year.
Sponsoring authorities remain committed to the residents of Lincolnshire House and the general reserves
are maintained in line with the policy objectives.
Reserves policy
As of 31 March 2025, Lincolnshire House Association's average monthly expenditure was £174,102, this
includes an average monthly salary bill of around £134,803.
Lincolnshire House Association has decided to aim to keep 12-18 months running costs in reserve, a target
range of between £2,089,228 and £3,133,842.
Currently, as at 31 March 2025, it has free reserves of E3,198,578 (unrestricted funds £6,227,828 minus
tangible assets £2,933,158 minus designated WISH Appeal fund £96,092).
The current level of reserves, therefore, sits just above the target range' above.
Lincolnshire House Association has decided on a target range of 12-18 months expenditure to allow tor
challenges still faced with the continuing impact of Covid, plus the challenging increase in inflation and
rising energy costs on the charity. This is considered necessary to ensure the critical nature of the services
provided could continue with minimum impact on the residents should Lincolnshire House Association have
to close.

LINCOLNSHIRE HOUSE ASSOCIATION
4
Executive Council's report for the year ended 31 March 2025 (continued)
Plans for the future
We will:
Set future fundraising objectives.
Install the swim spa.
• Install more solar panels.
Continue to revamp en-suites and bathrooms.
Review senior management structure.
Structure, governance and management
Lincolnshire House Association is a Charity governed by the Memorandum and Articles of Association and
under which the Company is incorporated as a company limited by guarantee.
The Company continues to seek new members for the Executive Council trom both public and from the
residents of Lincolnshire House. When recruited, new members are given advice and information as to
the objectives, policies and procedures of the organisation.
The Manager is responsible to and attends and reports to all meetings of the Executive Council on
significant day to day events. All major decisions are discussed at the meetings of the Council and are
delegated for implementation either through the Manager or by one or more representatives of the Council
and the Manager.
The major risks, to which the Company is exposed,
as identified by the Executive Council, have been
reviewed and systems have been established to mitigate those risks.
The Executive Council considers that the key risks and uncertainties facing the charity are a mix of issues
relating to finance, governance and people.
The financial impact of the cost of living crisis means that budgeting and forecasting accurately are more
difficult and ensuring that suppliers deliver value for money to the charity is increasingly important. Funding
is always a key concern and the charity continues to keep in close contact with Local Authorities and private
funders in order to maintain those income streams.
Through the passage of time, trustees will retire and there is a risk to good governance, if the charity does
not maintain suitably experienced trustees. The charity is currently reaching out to the local community to
recruit suitable new trustees.
Staffing and recruitment are issues for all businesses in all sectors and there is always the potential risk of
being unable to recruit adequately experienced and qualified staff. The charity is well aware of this issue
and has active recruitment and staffing policies in place to mitigate this risk.

LINCOLNSHIRE HOUSE ASSOCIATION
5
Executive Council's report for the year ended 31 March 2025 (continued)
Executive Council's responsibilities
The Council's members (who are also the directors of Lincolnshire House Association for the purposes of
company law) are responsible for preparing a Council's annual report and 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 Council's members 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
the incoming resources and application of resources of the charity for that period. In preparing these
financial statements, the members of the Council are required to:
a) Select suitable accounting policies and apply them consistently.
Observe the methods and principles in the Charities SORP 2019 (FRS 102).
c)
d)
Make judgements and estimates that are reasonable and prudent.
State whether applicable UK accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements.
e)
Prepare the financial statements on a going concern basis unless it is inappropriate to presume that
the charity will continue in business.
The Council's members are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and enable them to ensure
that the financial statements comply with the Companies Act 2006. 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.
The Council's members are responsible for the maintenance and integrity of the corporate and financial
information included on the charity's website. Legislation in the United Kingdom governing the preparation
and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement as to disclosure to our auditors
In so far as the Council members are aware:
there is no relevant audit information of which the charitable company's auditor is unaware; and
the council members have taken all steps that they ought to have taken to make themselves aware
of any relevant audit information and to establish that the auditor is aware of that information.
In approving the Council's Annual Report, we also approve the Strategic Report included therein, in our
capacity as company directors.
This report has been prepared in accordance with the special provisions relating to companies subject to
the small companies regime within Part 15 of the Companies Act 2006.
By order of the Council:
Principal address and
Registered office
Lincolnshire House Association
Brumby Wood Lane
Scunthorpe
North Lincolnshire
DN17 1AF
Ms I V Crowther
Representative of
the Executive Council
Date: 17 - 10.35

LINCOLNSHIRE HOUSE ASSOCIATION
6
Independent Auditor's Report to the Council Members of Lincolnshire House Association
Opinion on financial statements
We have audited the financial statements of Lincolnshire House Association for the year ended 31 March
2024, which comprise the statement of financial activities, the summary income and expenditure account,
the balance sheet, the cash flow statement, and notes to the financial statements, including significant
accounting policies.
The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The
Financial Reporting Standard applicable in the UK and republic of Ireland (United Kingdom Generally
Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of
its incoming resources and application of resources for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Executive Council's use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events
or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability
to continue as a going concern for a period of at least twelve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the Executive Council with respect to going concern are
described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The Executive Council is responsible for the other information.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether there is a material misstatement in the financial statements or a material misstatement of the other
information. If, based on the work we have performed, we conclude that there is a material misstatement
of this other information, we are required to report that fact.
We have nothing to report in this regard

LINCOLNSHIRE HOUSE ASSOCIATION
7
Independent auditor's report to the Council Members of Lincolnshire House Association
(continued)
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Executive Councils' report, incorporating the directors' report and the
Strategic report prepared for the purposes of company law, for the financial year for which the
financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors' report included within the Executive Councils' report have
been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course
of the audit, we have not identified material misstatements in the strategic report or directors' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion:
adequate accounting record have not been kept, or returns adequate for our audit have not been
received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of the Executive Council's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responsibilities of Executive Council
As explained more fully in the Executive Council's responsibilities statement set out on page 4, the
Executive Council (who are also the directors of the charitable company for the purposes of company law)
are responsible for the preparation of the financial statements and for being satisfied that they give a true
and fair view, and for such internal control as the Executive Council determine is necessary to enable the
preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Executive Council are responsible for assessing the charitable
company's ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the Executive Council either intend to
liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue as auditor's report that includes
our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit
conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material it, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irreaularities. includina fraud. The extent to which our procedures are capable of detecting irreguarities,
including fraud is detailed below:
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud
or error, and then design and perform audit procedures responsive to those risks, including obtaining audit
evidence that is sufficient and appropriate to provide a basis for our opinion.

LINCOLNSHIRE HOUSE ASSOCIATION
8
Independent auditor's report io the Council Members of Lincolnshire House Association
(continued)
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and
non-compliance with laws and regulations, we considered the following:
the nature of the industry and sector, control environment and business performance including the
design of remuneration policies;
the charitable company's own assessment of the risks that irregularities may occur either as a
result of fraud or error;
results of our enquiries of management about their own identification and assessment of the risks
of irregularities;
the key laws and regulations under which the charity operates and whether management were
aware of any instances of noncompliance;
whether the management have knowledge of any actual, suspected or alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and
regulations;
- the matters discussed among the audit engagement team, regarding how and where fraud might
occur in the financial statements and any potential indicators of fraud.
In addition to the above, our procedures to respond to risks identified included the following:
reviewing the financial statement disclosures and testing to supporting documentation to assess
compliance with provisions of relevant laws and regulations described above as having a direct
effect on the financial statements;
- enquiring of management, concerning any actual and potential litigation and claims;
performing analytical procedures to identify any unusual or unexpected relationships that may
indicate risks of material misstatement due to fraud;
in addressing the risk of fraud in revenue recognition, in addition to our testing described above we
have performed focussed testing on income arising close to the year-end combined with analytical
review procedures to assess accuracy and completeness of revenue recognised;
in addressing the risk of fraud in the use of purchase ledger and credit card transactions, we have
reviewed
the controis
surrounding the transactions and whether purchases have been
appropriately authorised at each relevant stage;
in addressing the risk of fraud in payroll, we have tested the control procedures surrounding the
authorisation of both timesheets and the payroll itself, sought confirmation over the responsibility
of staff members involved in the payroll process and confirmed the existence of a sample of
employees; and
in addressing the risk of fraud through management override of controls, testing the
appropriateness of journal entries and other adjustments; assessing whether the judgements made
in making accounting estimates are indicative of a potential bias; and evaluating the rationale of
any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement
team members and remained alert to any indications of fraud or non-compliance with laws and regulations
throughout the audit.
Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation.
This risk increases the more that compliance with a law or regulation is removed from the events and
transactions reflected in the financial statements, as we will be less likely to become aware of instances of
non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as
fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council's website at:
www.frc.org.uk/auditorresponsibilities. This description forms part of our auditor's report.

LINCOLNSHIRE HOUSE ASSOCIATION
9
Independent auditor's report to the Council Members of Lincolnshire House Association
(continued)
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3
of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditor's report and
for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and the charitable company's members as a body, for our audit
work, for this report, or for the opinions we have formed.
Jou teen
Mr J Heeney BA FCA
Senior Statutory Auditor
For and on behalf of:
RNS Chartered Accountants
Statutory Auditors
50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ
Date: 7. Octaber 2025

LINCOLNSHIRE HOUSE ASSOCIATION
Statement of financial activities (including income and expenditure account)
For the year ended 31 March 2025
10
Restricted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Notes
Income from:
Charitable activities
Other trading activitios - fundraising events
Investment income - bank interest
Total income
2,662
14,982
16,248
2,213,748
2,170
115,371
2,347,537
18,910
2,213,748
12,222
2,268
115,371
3,746
2,047,597
10,871
4,453
124,904
2,362,519 2,191,571
Expenditure on:
Charitable activities
4
1,541
2,089,228
2,090,769 1,919,413
Total expenditure
1,541
2,089,228
2,090,769 1,919,413
Net income
Transfers between funds
Net movement in funds for the year
Total funds brought forward
13,441
(12,516)
258,309
12,516
925
270,825
(925)
5,957,003
271,750
272,158
271,750
272,158
5,956,078 5,683,920
Total funds carried forward
-
6,227,828
6,227,828 5,956,078
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year.

LINCOLNSHIRE HOUSE ASSOCIATION
Summary income and expenditure account
Year ended 31 March 2025
Income
Investment income
Gross income
Expenditure
Net income
2025
2024
2,247,148 2,066,667
115,371
124,904
2,362,519 2,191,571
2,090,769 1,919,413
271,750
272,158

LINCOLNSHIRE HOUSE ASSOCIATION
Balance sheet as at 31 March 2025
Company number: 2262217
2024
Notes
Fixed assets
Tangible assets
Current assets
Stocks
Debtors
Cash at bank and in hand
8
Total current assets
Liabilities
Creditors falling due within one year 11
Net current assets
Net assets
€
2,933,158
2,200
181,409
3,329,752
3,513,361
218,691
2,200
168,636
2,948,449
3,119,285
161,872
3,294,670
6,227,828
The funds of the charity
Restricted funds
Unrestricted funds
14
13
6,227,828
Total charity funds
6,227,828
The financial statements were approved by the Executive Council on. /7-10.25
A.V. Crater
Ms I V Crowther
Representative of the Executive Council
12
2024
2,998,665
2,957,413
5,956,078
(925)
5,957,003
5,956,078

LINCOLNSHIRE HOUSE ASSOCIATION
Statement of cash flows
Year ended 31 March 2025
Cash flow from operating activities
Net income for the year
Depreciation
Interest receivable
Increase in debtors
(Decrease)/increase in creditors
Profit on disposal
Cash flow from investing activities
Interest received
Payments to acquire tangible fixed assets
Proceeds from sale of tangible fixed assets
Net cash flow from investing activities
Increase in cash and cash equivalents
in the year
Cash and cash equivalents at 1 April 2024
Cash and cash equivalents at 31 March 2025
Cash and cash equivalents consists of:
Cash at bank and in hand
Cash and cash equivalents at 31 March 2025
2025
271,750
86,914
(115,371)
(28,142)
56,819
271,970
130,740
(21,407)
109,333
381,303
2,948,449
3,329,752
3,329,752
3,329,752
13
2024
272,158
82,758
(124,904)
(11,501)
(10,624)
(827)
207,060
59,208
(133,116)
1,000
(72,908)
134,152
2,814,297
2,948,449
2,948,449
2,948,449

LINCOLNSHIRE HOUSE ASSOCIATION
14
Notes to the financial statements for the year ended 31 March 2025
1 Summary of significant accounting policies
General information and basis of preparation
Lincolnshire House Association is a private limited company registered in England. In the event of the
charity being wound up, the liability in respect of the guarantee is limited to f1 per member of the
charity. The address of the registered office is given in the executive council's report on page 1 of these
financial statements. The nature of the charity's operations and principal activities are described on
page 2.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have
been
prepared in
accordance with
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 issued in October 2019, the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the
Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention,
modified to include certain items at fair value.
The financial statements are presented in sterling which
is the functional currency of the charity and rounded to the nearest f.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
Fund accounting
Unrestricted funds are available for use at the discretion of the Council in furtherance of the general
objectives of the charity where these 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 cost 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.
Designated funds comprise unrestricted funds that have been set aside by the Council for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Income recognition
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is
legally entitled to the income after any performance conditions have been met, the amount can be
measured reliably and it is probable that the income will be received.
The Charity receives funding from local authorities for the provision of residential care and assisted
living services. Income from local authorities is recognised as follows:
• Contractual Arrangements:
Income is recognised as the related care services are provided, in line with the delivery of performance
obligations under the contract or placement agreement. Daily or weekly fees are accrued based on the
agreed rate and the number of chargeable days of care delivered within the reporting period.
Deferred and Accrued Income:
Where funding is received in advance of services being provided, the income is deferred and
recognised when earned. Conversely, where care has been provided but not yet invoiced or received,
income is accrued to reflect the entitlement.
• Adiusiments and Reviews.
Local authority funding may be subject to retrospective reviews or reconciliations. Any adjustments
arising from such reviews are recognised in the period in which they become known.

LINCOLNSHIRE HOUSE ASSOCIATION
15
Notes to the financial statements for the year ended 31 March 2025 (continued)
1 Summary of significant accounting policies (continued)
Residents may contribute to their care fees from their own income, including state pensions,
attendance allowance, or other social security benefits.
hese amounts are recognised as income when the Charity is entitled to receive them, typically whe
are is provided and the contribution becomes due under the resident's funding agreemen
Where the Charity receives social security benefits directly from the Department for Work and Pensions
(DWP) or other agencies on behalf of residents:
Such receipts are recognised as income of the Charity when they are applied to meet the cost of
care and accommodation services provided.
For donations to be recognised the charity will have been notified of the amounts and the settlement
date in writing. If there are conditions attached to the donation and this requires a level of performance
before entitlement can be obtained then income is deferred until those conditions are fully met or the
fulfilment of those conditions is within the control of the charity and it is probable that they will be
fulfilled
Donated facilities and donated professional services are recognised in income at their fair value when
their economic benefit is probable, it can be measured reliably and the charity has control over the
item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount
the charity would be willing to pay in the open market for such facilities and services. A corresponding
amount is recognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the
legacy being received. At this point income is recognised. On occasion legacies will be notified to the
charity however it is not possible to measure the amount expected to be distributed. On these
occasions, the legacy is treated as a contingent asset and disclosed.
Income from trading activities includes income earned from fundraising events to raise funds for the
charity. Income is received in exchange for supplying goods and services in order to raise funds and
is recognised when entitlement has occurred.
Government grants
Government grants are accounted for under the accruals model. Revenue based grants that are
received in respect of expenses or losses already incurred by the entity are recognised in profit and
loss in the period when the grant becomes receivable.
Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that
Expenditure on charitable activities includes the costs of the provision of the residential accommodation
and day care facilities and care services including education, treatments, advice and support.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

LINCOLNSHIRE HOUSE ASSOCIATION
Notes to the financial statements for the year ended 31 March 2025 (continued)
1 Summary of significant accounting policies (continued)
16
Governance costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable
The analysis of these costs is included in note 5.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation
and accumulated impairment losses.
Cost includes costs directly attributable to making the asset
capable of operating as intended. Tangible fixed assets costing more than £500 are capitalised and
included at cost.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less
estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Leasehold buildings
Fixtures and fittings
Motor vehicles
2%
25%
25%
per annum of cost
per annum of net book value
per annum of net book value
Stocks
Stocks are valued at the lower of cost and net realisable value.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term 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.
Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a
past event that will probably result in the transfer of funds to a third party and the amount due to settle
the obligation can be measured or estimated reliably. Creditors and provisions are normally recognisec
at their settlement amount after allowing for any trade discounts due.
Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it
meets the definition of a charitable company for UK corporation tax purposes.
Pension costs
The charity operates a defined contribution plan for the benefit of its employees. Contributions are
expensed as they become payable.

LINCOLNSHIRE HOUSE ASSOCIATION
17
Notes to the financial statements for the vear ended 31 March 2025 (continued)
1 Summary of significant accounting policies (continued)
Financial instruments
The trust 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.
Going concern
The financial statements have been prepared on a going concern basis as the Council believe that no
material uncertainties exist. The Council have considered the level of funds held and the expected
level of income and expenditure for 12 months from authorising these financial statements. The
budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to
continue as a going concern.
2 Legal status
The charity is a company limited by guarantee and has no share capital. In the event of the charity
being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
3 Income from charitable activities
Restricted Unrestricted
2025
Total
2024
Total
Social Security Benefits
Local Authorities
Third parties
:
233,521
1,654,536
325,691
233,521
1,654,536
325,691
209,921
1,540,921
296,755
2,213,748
2,213,748
2,047,597
4 Analysis of expenditure on charitable activities
Carers' salaries
Food and provisions
Repairs and renewals
Telephone charges
Printing, stationery and advertising
Travel and motor expenses
Heating and light
Insurance
Rates
Care quality commission registration fee
Course and tuition fees
Cleaning and sundry
Activities
Depreciation
Profit on disposal of assets
Governance costs (see note 5)
Restricted Unrestricted
1,455,645
56,493
112,208
2,082
23,328
4,662
83,141
35,390
24,973
5,779
5,210
17,492
1,541
86,914
:
175,911
1,541
2,089,228
2025
Total
2024
Total
1,455,645 1,276,629
56,493
56,160
112,208
2,082
148,545
1,294
23,328
18,709
4,662
6,794
83,141
68,489
35,390
32,512
24,973
5,779
20,400
5,779
5,210
3,218
17,492
1,541
13,213
1,356
86,914
82,758
(827)
175,9117
184,384
2,090,769
1,919,413

LINCOLNSHIRE HOUSE ASSOCIATION
Notes to the financial statements for the year ended 31 March 2025 (continued)
5 Analysis of governance costs
18
Bank charges and interest
Accountancy and audit fees
Legal and professional fees
Administration salaries
Administration staff pensions
Restricted Unrestricted
2,067
5,847
6,007
157,476
4,514
-
175,911
2025
Total
2,067
5,847
6,007
157,476
4,514
175,911
2024
Total
2,456
5,919
6,518
163,029
6,462
184,384
6 Net income for the year
This is stated after charging:
Depreciation and amortisation of owned assets
Profit on disposal of tangible assets
Auditor's remuneration:
Audit fees
Accountancy services
2025
86.914
3,600
2,247
2024
82,758
(827)
3,600
2,319
7 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management
personnel
The total staff costs and employees' benefits was as follows:
2025
2024
Wages and salaries
Social security costs
Pension costs
1,480,171
1,326,127
104,081
86,891
33,383
33,102
1,617,635
1,446,120
The number of employees who received total employee benefits (excluding employer pension costs)
of more than £60,000 is as follows:
2025
2024
£60,001 - £70,000

LINCOLNSHIRE HOUSE ASSOCIATION
19
otes to the financial statements for the year ended 31 March 2025 (continue
none cotaft costs, trustee remuneration and expenses, and the cost of key managemen
Tha harty year (5 02d. ni), neiver are ration e opened from year azi with the
charity trustee received payment for professional or other services supplied to the charity (2024: Enil).
Total remuneration of key management personnel in the year was £64,363 (2024: £72,284).
The average monthly head count was 71 staff (2024: 71 staff) and the average monthly number of full.
ime equivalent employees (including casual and part-time staff) during the year were as follows:
Charitable activities
Governance
2025
67
4
II
2024
67
4
71
8 Tangible fixed assets
Fixtures
Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Provided during the year
Re disposals during the year
At 31 March 2024
Net book value
At 31 March 2025
Leasehold
property
4,029,327
19,266
ve Motor
Total
4,048,593
1,055,971
80,586
1,136,557
185,819
2,141
-
187,960
169,974
3,961
-
173,935
79,597 4,294,743
-
-
21,407
-
79,597 4,316,150
70,133 1,296,078
2,367
86,914
-
-
72,500 1,382,992
2,912,036
14,025
7,097 2,933,158
At 31 March 2024
2,973,356
15,845
9,464 2,998,665

LINCOLNSHIRE HOUSE ASSOCIATION
Notes to the financial statements for the vear ended 31 March 2025 (continued)
9 Stocks
20
Consumables
2025
2,200
2024
2,200
10 Debtors: All receivable within one year
Trade debtors
Prepayments and accrued income
2025
57,792
123,617
181,409
2024
93,106
75,530
168,636
11 Creditors: Amounts falling due within one year
Trade creditors
Other tax and social security
Other creditors
Accruals and deferred income
2025
32,657
3,706
4,063
178,265
218,691
2024
14,276
19,783
6,737
121,076
161,872
12 Pension costs
The Association operates a defined contribution scheme and contributions are charged in the profit
and loss account as they accrue. The cost for the year was 233,383 (2024: £33,102).
13 Analysis of movement in unrestricted funds
Balance at 1 April 2024
Incoming resources
Resources expended
Transfers
Balance at 31 March 2025
Retained
Assets
Surplus
Completed
2,928,011
2,347,537
(2,009,682)
(2,368)
2,928,518
(79,546)
19,266
3,263,498
2,868,238
Designated
Fund for
nISH Unrestricted
Appeal
Funds
100,474
5,957,003
2,347,537
(2,089,228)
(4,382)
12,516
96,092
6,227,828

LINCOLNSHIRE HOUSE ASSOCIATION
Notes to the financial statements for the vear ended 31 March 2025 (continued)
Analysis of movement in unrestricted funds (continued)
21
The Retained Surplus represents the free funds of the Charity which are not designated for particular
purposes.
The Assets Completed Fund has been set up to assist in identifying those funds that are not free funds,
and it represents the value of assets now completed less accumulated depreciation which have been
funded from the First Brick and WISH Appeal.
The Designated Fund represents funds allocated to the WISH Appeal.
14 Analysis of movement in restricted funds
Activities
Fund
Balance at 1 April 2024
Incoming resources
Resources expended
Transfers
(925)
98
(1,541)
2,368
WISH
Total
Appeal
Restricted
Fund
Funds
14,884
(14,884)
(925)
14,982
(1,541)
(12,516)
Balance at 31 March 2025
-
-
15 Control relationships
The Association was controlled throughout the current and previous period by its Executive Council.
16 Related party transactions
Architectural Design Services (Scunthorpe) Limited (owned by executive council member A Cheffings)
- transactions totalled £3,491.20 in 2025 (2024: Enil). The balance outstanding at the year end was
Enil (2024: Enil).
17 Analysis of net assets between funds
Fund balances at 31 March 2025 are represented by:
Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)
Total
Restricted Unrestricted
tunds
funds
Total
2,933,158 2,933,158
(35,082) (35,082)
-
6,227,828 6,227,828

LINCOLNSHIRE HOUSE ASSOCIATION
General account for the vear ended 31 March 2025
Income
Social security benefits and third parties
Personal allowances
Local authority and third parties
- day attenders
- funding
- respite care
- assessment fees
- continuing care
Sundry receipts
Grants received
Rents received
Bank interest receivable
Donations
2025
249,420
(15,899)
130,375
1,543,434
45,467
4,719
249,134
7,098
1,480
690
115,371
16,248
2,347,537
Less: Overheads
Salaries and employees healthcare
Food and provisions
Repairs and renewals
Telephone charges
Printing, stationery and advertising
Travel and motor expenses
Heating and lighting
Insurances
Rates
Accountancy charges
Bank charges
Legal, professional and CRB fees
Care Quality Commission registration fee
Course and tuition costs
Cleaning and sundry expenses
Depreciation
Profit on disposal of tangible assets
1,617,635
56,493
112,208
2,082
23,328
4,662
83,141
35,390
24,973
5,847
2,067
6,007
5,779
5,210
17,492
86,914
2,089,228
Net surplus for the year
258,309
22
2024
230,843
(20,922)
113,470
1,473,830
11,008
578
230,480
8,310
3,500
124,904
2,176,751
1,446,120
56,160
148,545
1,294
18,709
6,794
68,489
32,512
20,400
5,919
2,456
6,518
5,779
3,218
13,213
82,758
(827)
1,918,057
258,694

LINCOLNSHIRE HOUSE ASSOCIATION
Activities income and expenditure account for the vear ended 31 March 2025
2025
(925)
Balance brought forward
Income
Arts and crafts
Health and beauty
Rekei
Baking
27
29
98
(827)
Expenditure
Arts and crafts
Baking
Farm visit
Health and beauty
General
Rekei
Abba
Balance carried forward
Transfer to unrestricted reserves
Balance carried forward
138
45
20
28
23
2024
228
203
431
1,356
(925)
-
(925)

LINCOLNSHIRE HOUSE ASSOCIATION
The Wish Appeal Fund for the year ended 31 March 2025
Income
Donations received
Net Income from Fund Raising Efforts
200 Club
Car Boot sales
Summer Fete
Lincs Lotto
Easter Fayre
Horse Racing
Fire Walk
Christmas Fayre
Sportman's Dinner
Collection boxes
Total income
Surplus for the year
The Wish Appeal Fund for the vear ended 31 March 2025
Balance brought forward at 1 April 2024
Funds raised during the year
Transate pm disgates terred to Assets Completed Fund
Fund balance at 31 March 2025
Amount Designated for the fund from the Retained Surplus
Balance brought forward
Transfer to restricted fund
Balance at 31 March 2025
Total Wish Appeal Fund
2025
2,662
4,130
1,250
1,687
:
792
100
1,739
2,487
37
12,222
14,884
14,884
14,884
(19,266)
4,382
100,474
(4,382)
96,092
96,092
24
2024
3,746
4,370
750
1,640
9
23
1,006
2,567
506
10,871
14,617
14,617
2024
14,617
(121,579)
106,962
207,436
(106,962)
100,474
100,474