| REGISTERED OFFICE: | 20/22 Croflon Road | 20/22 Croflon Road | |
|---|---|---|---|
| Allenby Industrial |
Estate | ||
| Lincoln | |||
| SOLICITORS: | Chattertons Solicitors |
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| StSwithin's Court |
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| 1 Flavian Road | |||
| Nettleham Road |
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| Lincoln | |||
| ACCOUNTANTS: | Saul Fairholm Limited | ||
| Chartered Accountants | |||
| 12Tentercroft Street | |||
| Lincoln | |||
| National Westminster |
Bank pic | ||
| Smiths Bank Branch | |||
| 225 High Street | |||
| Lincoln | |||
| COMPANY | |||
| REGISTRATION NO: | 02518440 | ||
| CHARITY | |||
| REGISTRATION NO: | 703143 |
| t the year e | nd the Charitable Company held |
the following reserves:- | |
|---|---|---|---|
| 2023 | 2022 | ||
| Restricted Funds | 135,094 | 138,670 | |
| Unrestricted | Funds | 297,717 | 275,076 |
| 432,811 | 413,746 |
| Name: | Lincoln Pelican Trust Limited | |||
| Company | Number: | 02518440 | ||
| Charity Number: | 703143 | |||
| Registered | Oftlce: | 20/22 Croiton Road, | ||
| Allenby Industrial Estate |
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| Lincoln | ||||
| LN3 4NL | ||||
| Trustees: | The Trustees ofthe Charitable | Company | at the year end were: | |
| Mr David George Beresford | ||||
| Mr Simon Jackson | ||||
| Mr Thomas Henry Hunter | ||||
| Mrs Elaine Gillian Hutton | ||||
| Miss Catriona Mary Ann Wheeler | ||||
| Mr Terence William Arthurs | ||||
| Mr Robert Castle |
| Un- | Total | Total | ||||
|---|---|---|---|---|---|---|
| restricted | Restricted | Funds | Funds | |||
| Note | Funds | Funds | 2023 | 2022 | ||
| INCOME: | ||||||
| A Donations and Legacies Income from Other Trading Activities: |
3 | g8 539 | 8,539 | 12,454 | ||
| Other Investment Income: |
5 | 1,040 | 1,040 | 4,480 | ||
| Interest Receivable Income fiom Charitable |
Activities: | 6 | 918 | 918 | (35) | |
| Vocational Training Grants |
4 4 |
6140,578 ( 46,040 |
@ - 151,351 |
140,578 197,391 |
118,352 180,416 |
|
| TOTAL INCOME | 197,115 | 151,351 | 5348,466 | 315,667 | ||
| EXPENDITURE: | ||||||
| Cost ofRaising Funds Expenditure on |
1,040 | 1,040 | 4,480 | |||
| Charitable Activities |
7 | 173,434 | 154,927 | 328,361 | 289,585 | |
| TOTAL EXPENDITURE | 174,474 | 154,927 | I' 329,401 | 294,065 | ||
| NET INCOME/(EXPENDITURE) | ||||||
| FOR THE YEAR | 22,641 | (3,576) | 19,065 | 21,602 | ||
| TRANSFERS BETWEEN FUNDS | 14 | |||||
| NKT MOVEMKNT IN FUNDS | 22,641 | (3,576) | 19,065 | 21,602 | ||
| RECONCILIATION OF |
FUNDS | |||||
| Total Funds Brought Forward | 275,076 | 138,670 | 413,746 | 392,144 | ||
| Total Funds Carry Forward | 297,717 | 135,094 | 432,811 | 413,746 |
| Long Leasehold Property | 2% | Straight Line Method |
|---|---|---|
| Property Improvements | 10% | Straight Line Method |
| Unrestricted Plant and Machinery |
330/ | Straight Line Method |
| Restricted Plant and Machinery | 10% | Straight Line Method |
| ONATIONS AND LEGACIES |
||
|---|---|---|
| 2023 | 2022 | |
| Donations:- | ||
| John Dauber Trust Foundation | 4,000 | 10,000 |
| Sundry Donadons | 4,539 | 2,454 |
| 8,539 | 12,454 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Incoming Resources I'rom | Social Enterprises:— | |||
| Personal Budget Income People's Postcode Lottery PCDL Project (Restricted) Lower Green Foundation |
(Resnicted) (Restricted) |
46,040 94,211 10,000 |
45,200 17,000 84,885 10,000 |
|
| Innovation Grant (Restricted) Furlough Income LCC —Covid Grants |
3,021 11,498 8,812 |
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| Multiply Programme (Restricted) |
10,640 | |||
| Screwfix (Restricted) ESF—Flying High (Restricted) |
4,500 12,000 |
|||
| BNA (Restricted) | 20,000 | |||
| 197,391 | 180,416 | |||
| Vocational Training Beneficiary Generated |
Sales | 140,578 | 118,352 | |
| 337,969 | 298,768 | |||
| NCOME EARNED FROM OTHER TRADING ACTIVITIES | ||||
| 2023 | 2022 | |||
| Room Hire and Catering | 1,040 | 1,480 | ||
| Management fee |
3,000 | |||
| 1,040 | 4,480 |
| ANALYSIS OFE | XPENDITUR | E ON CHARI | TABLE AC | TIVITIES | ||
|---|---|---|---|---|---|---|
| Govern- | ||||||
| Training | Social | ance | 2023 | 2022 | ||
| Services | E~l | Costs | Stuart | Total | Total | |
| StaffCosts Depreciation 8c |
156,928 | 47,461 | 204,389 | 178,719 | ||
| Asset Disposal Premises Repairs and |
20,280 | 13,908 | 20,280 13,908 |
13,040 10,914 |
||
| Maintenance Direct Purchases Travel Advertising and |
7,444 60,594 1,517 |
2,393 | 9,837 60,594 1,517 |
19,210 51,534 1,827 |
||
| Exhibitions | 1,076 | 1,076 | 60 | |||
| Insurance Other |
3,421 3,673 |
2,550 | 856 7,300 |
4,277 13,523 |
4,270 14,491 |
|
| Allocation of | 254,933 | 2,550 | 71,918 | 329,401 | 294,065 | |
| Support Costs | 1,040 | 70,878 | (71,918) | |||
| 1,040 | 325,811 | 2,550 | 329,401 | 294,065 |
| This is stated after charging: | 2023 | 2022 |
|---|---|---|
| Depreciation StaffCosts (Note 9) |
20,154 +204,389 |
13,040 178,719 |
| ND E | XPENSES |
||
|---|---|---|---|
| 2023 | 2022 | ||
| Wages Social Pension |
and Salaries Security Costs Costs |
191,844 9,567 2,978 |
169,472 7,763 1,484 |
| 204,389 | 178,719 |
| he total employment benefits ofthe key 2022:f69,574). |
management person |
nel ofthe Charity | were f75,1 |
|---|---|---|---|
| Number | Number | ||
| The average weekly number ofemployees | during the | ||
| year was as follows: | |||
| Support | |||
| Social Enterprises | |||
| 12 | 10 |
| Un- | |||||
|---|---|---|---|---|---|
| Restricted | restricted | Un- | |||
| Long | Property | Restricted | restricted | ||
| Leasehold | Improve- | Plant and | Plant and | ||
| ~Pro e |
ments | ~Mhi | M~hh | Total | |
| f. | |||||
| COST: | |||||
| At 1"April 2022 | 178,901 | 31,057 | 77,086 | 218,932 | 505,976 |
| Additions | 2,740 | 46,136 | 48,876 | ||
| Disposals | (344) | (344) | |||
| At 31"March 2023 | 178,901 | 33,797 | 77,086 | 264,724 | 554,508 |
| DEPRECIATION: | |||||
| At 1"April 2022 | 40,231 | 25,957 | 77,086 | 198,406 | 341,680 |
| Provisions for the Year |
3,576 | 987 | 15,591 | 20,154 | |
| On Disposals | (218) | (218) | |||
| At 31"March 2023 | 43,807 | 26,944 | 77,086 | 213,779 | 361,616 |
| NET BOOKVALUE: | |||||
| At31"March 2023 | 135,094 | 6,853 | 50,945 | 192,892 | |
| At 31"March 2022 | 138,670 | 5,100 | 20,526 | 164,296 |
| Un- | ||||||
|---|---|---|---|---|---|---|
| Restricted | restricted | Un- | ||||
| Long | Property | Restricted | restricted | |||
| Leasehold | Improve- | Plant and | Plant | and ' |
||
| ~Pro er | ments | M~hi | ~Ml | Total | ||
| Charitable | ||||||
| Activity Purposes | 138,094 | 6,853 | 50,945 | 192,892 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Stocks Work in Progress |
11,453 3,821 |
3,505 3,977 |
||
| 15,274 | 7,482 | |||
| 12. | DEBTORS | |||
| Amounts recoverable |
within one year:- | 2023 | 2022 | |
| Trade Debtors Prepayments and Accrued Income Other Debtors |
28,025 7,885 9,620 |
19,658 7,151 4,318 |
||
| 45,530 | 31,127 | |||
| 13. | CREDITORS | |||
| 2023 | 2022 | |||
| Amounts falling due |
within one year: | |||
| Trade Creditors Accruals and Other Creditors |
11,170 5,079 |
16,765 4,983 |
||
| 16,249 | 21,748 |
| At 31"March 2023 | At 31"March 2023 | At 31.3.2022 |
Incoming Resources |
Outgoing Resources |
Transfers | At 31.3.2023 |
|---|---|---|---|---|---|---|
| Restricted Funds | ||||||
| Social Investment PCDL Grant |
Business | 138,670 | 94,211 | 3,576 94,211 |
135,094 | |
| Lower Green | ||||||
| Foundation Grant |
10,000 | 10,000 | ||||
| Multiply Programme |
10,640 | 10,640 | ||||
| ESFGrant —Fly High | 12,000 | 12,000 | ||||
| Screwfix | 4,500 | 4,500 | ||||
| BNA | 20,000 | 20,000 | ||||
| 138,670 | 151,351 | 154,927 | 135,094 | |||
| Unrestricted Funds |
275,076 | 197,115 | 174,474 | 297,717 | ||
| Total Funds | 413,746 | 348,466 | 329,401 | 432,811 | ||
| At 31"March 2022 | At 31.3.2021 |
Incoming Resources |
Outgoing Resources |
Transfers | At 31.3.2022 |
|
| Restricted Funds | ||||||
| Social Investment | Business | 142,246 | 3,576 | 138,670 | ||
| PCDL Grant | 84,885 | 84,885 | ||||
| Lower Green | ||||||
| Foundation Grant |
10,000 | 10,000 | ||||
| Innovation Grant |
3,021 | 3,021 | ||||
| People's Postcode | Lottesy | 17,000 | 17,000 | |||
| Furlough Income |
11,498 | 11,498 | ||||
| 142,246 | 126,404 | 129,980 | 138,670 | |||
| Unrestricted Funds |
249,898 | 189,263 | 164,085 | 275,076 | ||
| Total Funds | 392,144 | 315,667 | 294,065 | 413,746 |
| Un- | ||
|---|---|---|
| As at31"March 2023 | restricted Funds |
Restricted Funds |
| Non Current Assets Current Assets |
57,798 256,168 |
135,094 |
| Current Liabilities | (16,249) | |
| Total Net Assets | 297,717 | 135,094 |
| Un- | ||
| As at31"March 2022 | restricted Funds |
Restricted Funds |
| Non Current Assets Current Assets |
25,626 271,198 |
138,670 |
| Current Liabilities | (21,748) | |
| Total Net Assets | 275,076 | 138,670 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| VOLUNTARY INCOME | |||||
| Donations | 8,539 | 12,454 | |||
| ACTIVITIES FOR GENERATING FUNDS | |||||
| Miscellaneous Income |
1,040 | 4,480 | |||
| INVESTMENT INCOME | |||||
| Bank Interest (Gross) | 918 | (35) | |||
| INCOMING RESOURCES FROM | |||||
| CHARITABLE ACTIVITIES | |||||
| Beneficiat3 Generated Sales PCDL Grant Funding People's Postcode Lottery Lower Green Foundation Grant Personal Budget Income Innovation Grant Furlough Income LCC —Cond Funding Multiply Programme ESF |
140,578 94,211 10,000 46,040 10,640 12,000 |
118,352 84,885 17,000 10,000 45,200 3,021 11,498 8,812 |
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| BNA | 20,000 | ||||
| Screwfix | 4,500 | ||||
| 337,969 | 298,768 | ||||
| DIRECT COSTS | 348,466 | 315,667 | |||
| Purchases Wages - Technical Trainees Wages - Administration and Social Security Costs Pension Contributions Therapeutic Payments |
and Helpers Welfare |
60,594 92,320 55,749 6,783 2,076 2,758 |
51,534 83,106 45,750 5,353 1,042 2,427 |
||
| 220,280 | 189,212 | ||||
| CARRIED FORWARD | 128,186 | 126,455 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| BROUGHTFORWARD | 128,186 | 126,455 | |||
| OTHER COSTS | |||||
| Wages —Administration Social Security Costs Pension Contributions |
43,775 2,784 902 |
40,616 2,410 442 |
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| Training Costs |
915 | ||||
| Motor and Travel Expenses Trainee Travel Expenses Telephone Charges Rent and Rates Light and Heat Advertising and Exhibitions Insurance Depreciation Loss on Asset Disposal |
1,409 108 3,184 695 10,029 1,076 4,277 20,154 126 |
1,804 23 2,280 1,006 7,628 60 4,270 13,040 |
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| Repairs and Renewals Stationery, Postage and Carriage Cleaning Costs External Accountancy and Audit Fees Incidentals Bank Charges IT Costs |
9,837 514 599 3,577 35 704 4,421 |
19,210 1,051 165 3,592 711 595 5,950 |
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| 109,121 | 104,853 | ||||
| SURPLUS FORTHE YEAR | 19,065 | 21,602 |