2025-03-31-accounts

LINCOLN PELICAN TRUST LTD

Company Number: 02518440 Charity Number: 703143

Financial Accounts for the year ended 31% March 2025

Saul Fairholm Limited Chartered Accountants 12 Tentercroft Street Lincoln LNS5 7DB

LINCOLN PELICAN TRUST LTD

Financial Accounts for the year ended 31** March 2025

CONTENTS

1.	Company Information
2-9.	Report ofthe Trustees
10.	Accountants Report
Ll.	Statement ofFinancial Activities
12.	Balance Sheet
13-22.	NotestotheAccounts

23-24. Detailed Income and Expenditure Account

l.

LINCOLN PELICAN TRUST LTD

Financial Accounts for the year ended 31** March 2025

	COMPANY	INFORMATION
TRUSTEES:		MrSimon Jackson
		Mr David George Beresford
		MrThomas Henry Hunter
		Mrs Elaine Gillian Hutton
		Miss Catriona MaryAnn Wheeler
		Mr Terence William Arthurs
		Mr Neil James Everatt
		Ms Lauren Jones
REGISTERED	OFFICE:	20/22 Crofton Road
		Allenby Industrial Estate
		Lincoln
SOLICITORS:		Chattertons Solicitors
		St Swithin’s Court
		Nettleham Road
		Lincoln
ACCOUNTANTS:		Saul Fairholm Limited
		Chartered Accountants
		12 Tentercroft Street
		Lincoln
BANKERS:		National Westminster Bank plc
		Smiths Bank Branch
		225 High Street
		Lincoln
COMPANY
REGISTRATION NO:		02518440
CHARITY
REGISTRATIONNO:		703143

LINCOLN PELICAN TRUST LTD

Report of the Trustees for the year ended 31° March 2025

The Trustees, who are also the Directors of Lincoln Pelican Trust Ltd for the purposes of company law, present their annual report for the year ended 31*t March 2025.

OBJECTIVES AND ACTIVITIES

Pelican Trust was established in 1989 to provide high quality training and work experience in a supportive environment. The charity was established after the closure of a local mental health hospital where they had a workshop for their day service users. We are here primarily for people who wish to work after a period of illness or for any other reason which has left them lacking in confidence. The Charitable Company’s Company Registration number is 02518440, its Charity Registration number is 703143.

The nature of work itself provides important benefits to the individual — regularity, structure, selfesteem, social and personal contact, normality, and social status — all of which are major factors. The Trust assists individuals to reach their potential, which may lead to open employment or further qualifications. We give individuals the opportunity to plan future developments helping them to take greater control of their training and to take pride in their achievements.

• ° Pelican Trust is a collection of unique businesses on one site designed to give people the opportunity to retrain in a supportive and caring environment.

• e As a well-established facility the work programmes have been developed to be positive, practical, and rewarding for the individual.

• ° Our site can accommodate up to 112 placements per week within the various departments and is available as a combination of units and facilities.

• e Attendance is flexible, from less than half a day to 4 full days per week, as agreed with the individual.

• e We strive to be an effective and supportive organization providing meaningful work and training in a non-threatening environment for people with mental health issues, physical disabilities and learning difficulties and disabilities.

• e Pelican Trust enables individuals to progress into work experience, employment, or further training/education opportunities.

What we offer:

• Commercial Assembly

• Warehousing

• • Joinery

• Printing & Print Finishing

• Engraving

• Canteen and Domestic

• • Soft skill / life courses

• Job Search

3:

LINCOLN PELICAN TRUST LTD

Report of the Trustees for the year ended 31“ March 2025 (Cont’d)

Vision

Providing opportunities, education, supported vocational training to encourage people to progress with improved confidence, motivation, and self-esteem.

Aim / Mission Statement

• e We strive to be an effective and supportive organisation providing meaningful work experience and training in a non-threatening environment for people with mental health illness, physical disabilities and learning difficulties.

• e To enable individuals to progress into work experience, employment or further training and education opportunities.

Objectives

• e To provide programmes of training and support to enable individuals to overcome personal barriers, we aim to support a minimum 50 individuals per annum on site.

• e To encourage people to enjoy learning and find it rewarding and fun as confirmed through feedback forms and reviews.

• e To support individuals to in a person-centred approach to progress, develop, grow, and thrive. e Offer realistic and practical work experience, for all levels of ability, supported by trained and qualified staff.

• e To assist people to move into employment, further training, or voluntary opportunities, targeting 25% per annum.

• e Community learning and development courses are targeted to achieve 90% on retention, achievement, and completion.

• e To develop and maintain partnerships across the County to achieve collective regional goals.

PUBLIC BENEFIT

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LINCOLN PELICAN TRUST LTD

Report of the Trustees for the year ended 31“ March 2025 (Cont’d)

We have worked closely with partners to develop and expand our training offerings, adapting our courses for the needs of their learners.

Joinery remains very popular, and with a large safe environment we can have 8 learners per day in the workshop. Many skills are learnt here, especially around health and safety, teamwork, listening and following instructions. | Memorial benches, notice boards and planters remain very popular and we continue to manufacture a lot of laboratory equipment used across the world in colleges and universities.

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As Trustees we want to ensure all learners are listened to and their ideas acted upon, that’s why we have a User Group. They meetTrustees. monthly,Theyy independentlydiscuss future ofdevelopments the CEOp or of the Trust and courses; help arrange coffee mornings or social events. A representative of this group will then attend the Trustee meetings to share their ideas.

LINCOLN PELICAN TRUST LTD

Report of the Trustees for the year ended 31“* March 2025 (Cont’d)

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Printing remains our busiest department and with the fast turnover and ever-changing jobs jobs there
always something new new for the the learners. We have hundreds hundreds of customers customers who return to us readily with
their requirements, whether they be be local parish councils, car dealerships, local charities, hospitals,
private individuals. We know they return to us as they are not only receiving a good quality product
at a very reasonable price but also supporting the Trust in achieving its objectives.
Commercial assembly is a large airy department which can accommodate 15-20 learners per
gaining varied skills. We involve learners in every aspect, from offloading customers work, stock
control, production control, completing paperwork paperwork and packing packing of components. components. We also train people people
to use heat sealers, shrink wrap machines, industrial staplers, along with pallet trucks. Teamwork,
participation, and health & & safety are all skills people will learn in this department.
Canteen services| are now fully functional| epi.Sa “Aho =
again. We offer sandwiches, fruit, snacks and yr hee = VS
hot and cold beverages throughout the day. Gi > uP ae ;ome -
We also use this area to train under | Food ay
supervision food preparation and safe food . .
hygiene courses. Les q/ Safety . 3
Our domestic work has continued, and the | oF ae ‘
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Printing remains our busiest department and with the fast turnover and ever-changing jobs jobs there is always something new new for the the learners. We have hundreds hundreds of customers customers who return to us readily with their requirements, whether they be be local parish councils, car dealerships, local charities, hospitals, or private individuals. We know they return to us as they are not only receiving a good quality product at a very reasonable price but also supporting the Trust in achieving its objectives.

Commercial assembly is a large airy department which can accommodate 15-20 learners per day gaining varied skills. We involve learners in every aspect, from offloading customers work, stock control, production control, completing paperwork paperwork and packing packing of components. components. We also train people people to use heat sealers, shrink wrap machines, industrial staplers, along with pallet trucks. Teamwork, participation, and health & & safety are all skills people will learn in this department.

LINCOLN PELICAN TRUST LTD

Report of the Trustees for the year ended 31** March 2025 (Cont'd)

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Our environmental and sustainability policy states
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Pp cee eeementsSM getsee, f9ema WeMachinehaveandrecentlygone completelyupgraded chemicalour platefree.makingAll
eee ae ao Ee TESS our internal lights are now LED saving power and
qs feet ee ENS es consumption. We source recycled paper and
cama > crea eas a mee ~ wherever possible use wood and bleach free
ache “=. products. All our wastepaper and cardboard is sent
zs anseaaaiain ~ for recycling. The off cuts of wood are made into
novelty items and sold at craft fairs whilst the
shavings go to local stables for bedding.
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Lincolnshire;— TESCO i COUNTY COUNCIL, |, \py ng aee Working for a verter PO” Community Grants

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LINCOLN PELICAN TRUST LTD

Report of the Trustees for the year ended 31*' March 2025 (Cont’d)

ACHEIVEMENTS AND PERFORMANCE

We are pleased to report that we have had another good year and the Trust has made a surplus of £29,719 this year despite difficult operating conditions. Training and education remain paramount and the Personal Community Development Learning funding via Lincolnshire County Council has enabled the Trust to offer life skills this year such as food and nutrition, budgeting, first aid, introduction to sign language and communication skills courses to name a few. We will continue to manage our performance and consider any risk factors in the future.

FUTURE DEVELOPMENTS AND STRATEGY

We will continue to work very closely with Lincolnshire County Council and Lincolnshire Partnership Foundation NHS Trust to ensure we deliver quality day services, training, and education to the people of Lincolnshire.

FINANCIAL REVIEW

At the year end the Charitable Company held the following reserves: -

	2025	2024
	£	£
RestrictedFunds	127,942	131,518
DesignatedFunds	220,000	-
Unrestricted Funds	120,163	306,868
	468,105	438,386

RESERVES POLICY

The reserves need to be sufficient to provide funds should one of the funding streams cease. Given the current climate this has been assessed to be a minimum of twelve months total spend to provide time to redirect resources or in extreme circumstances to withdraw the services provided. The Trustees continue to work hard to achieve this level. Our reserves have slightly increased, and we continue to maintain our target of £400,000. This value has been calculated to allow us twelve months for the closure of the Trust if this were ever required, which would cover staff salaries and redundancy payments as well as disposal of assets. We have now put into place a maintenance and improvements schedule for the upkeep of the building and equipment with reserves being designated accordingly.

INVESTMENT POLICY

All investments undertaken on behalf of the Trust are without risk and provide instant access, as funding is required.

LINCOLN PELICAN TRUST LTD

Report of the Trustees for the year ended 31°‘ March 2025 (Cont’d)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Decisions are made jointly by the Board of Trustees. Trustee meetings are held regularly. The day-today management has been delegated to the Chief Executive Officer, Mrs S Gillott under supervision from the Board.

The Company is a registered charity limited by guarantee with the liability of each of the current members being limited to £1 and is governed by its Articles and Memorandum of Association.

Trustees are recruited where they have a relevant training or healthcare background. ‘Training is provided specific to each Trustee’s needs.

TRUSTEES RESPONSIBILITIES

The trustees (who are also directors of Lincoln Pelican Trust Ltd for the purposes of company law) 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).

Company law 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 Charitable Company and of the incoming resources and application of resources, including the income and expenditure, of the Charitable Company for that period. In preparing these financial statements, the trustees are required to:

• e select suitable accounting policies and then apply them consistently;

• e observe the methods and principles in the Charities SORP;

• e make judgements and estimates that are reasonable and prudent;

• e state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and

• e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charitable Company will continue in business.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charitable Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

LINCOLN PELICAN TRUST LTD

Report of the Trustees for the year ended 31“ March 2025 (Cont’d)

RISK REVIEW.

All risks and business decisions are discussed and acted upon at the Board of Trustees bi-monthly meetings, but additional meetings can and are called if required. Lincoln Pelican Trust Ltd has Indemnity Insurance for the Charity and the Board of Trustees.

Health and Safety is taken very seriously within the Trust and all staff and Trustee’s share this vision and belief. Regular fire drills are carried out as well as carrying out risk assessments in all areas. Each and every client attends a Health and Safety in the Workplace course as part of their induction which can be refreshed at any time. Every staff member has been on a First Aid course as well as Protecting Vulnerable Adults awareness course.

Name: Lincoln Pelican Trust Limited

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|||||| |---|---|---|---|---| |Company|Number:|02518440| |Charity|Number:|703143| |Registered|Office:|20/22|Crofton|Road,| |Allenby|Industrial|Estate| |Lincoln| |LN3|4NL|

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Trustees: The Trustees of the Charitable Company at the year end were: -

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||||||| |---|---|---|---|---|---| |Mr|Simon|Jackson| |Mr David|George|Beresford| |Mr Thomas|Henry|Hunter| |Mrs|Elaine|Gillian|Hutton| |Miss|Catriona|Mary|Ann|Wheeler| |Mr|Terence|William|Arthurs| |Mr Robert|Castle|-|resigned|31‘ March|2025| |Mr|Neil|James|Everatt| |Ms|Lauren Jones|— appointed|31*t March 2025|

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This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEH \" OF/ HE BOARD

Mr S Ja Trustee ——————_— F Re aor Ee Authorisedfor issue on 19" November 2025 D G Beresford - Trustee

LINCOLN PELICAN TRUST LTD

Independent examiner’s report to the trustees of Lincoln Pelican Trust Ltd (‘the Company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31% March 2025.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns 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 understanding of the accounts to be reached.

Signed:

RM Welsh (F.C.A.) Saul Fairholm Limited Chartered Accountants 12 Tentercroft Street Lincoln LNS 7DB

19" November 2025

LINCOLN PELICAN TRUST LTD

Statement of Financial Activities for the year ended 31% March 2025 (incorporating Summary Income and Expenditure Account)

		Un-		Total Un-		Total	Total
		restricted	Designated	restricted	Restricted	Funds	Funds
	Note	Funds	Funds	Funds	Funds	2025	2024
		£	£	£	£	&	£
INCOME:
DonationsandLegacies	3	5,872	-	5,872	-	5,872	4,857
Income from Other Trading
Activities:
Other	5	1,852	-	1,852	-	1,852	2,124
Investment Income:
InterestReceivable	6	5,484	-	5,484	-	5,484	4,637
Income from Charitable
Activities:
Vocational Training	4	142,991	-	142,991	-	142,991	136,328
Grants	4	58,407	-	58,407	194,484	252,891	234,940
TOTALINCOME		214,606	-	214,606	194,484	409,090	382,886
EXPENDITURE:
Cost ofRaisingFunds		1,852	-	1,852	-	1,852	2,124
Expenditure on
Charitable Activities	7	179,459	-	179,459	198,060	377,519	375,187
TOTALEXPENDITURE		181,311	-	181,311	198,060	379,371	377,311
NET INCOME/
(EXPENDITURE)
FORTHEYEAR		33,295	-	33,295	(3,576)	29,719	5,575
TRANSFERSBETWEEN	14	(220,000)	220,000	-	-	-	-
FUNDS
NETMOVEMENT IN		(186,705)	220,000	33,295	(3,576)	29,719	5,575
FUNDS
RECONCILIATION OF
FUNDS
Total Funds Brought		306,868	-	306,868	131,518	438,386	432,811
Forward
TotalFundsCarryForward		120,163	220,000	340,163	127,942	468,105	438,386

LINCOLN PELICAN TRUST LTD

Balance Sheet as at 31° March 2025

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||||||| |---|---|---|---|---|---| |Note|2025|2024| |£|£|£|£| |FIXED|ASSETS| |Tangible Assets|10|165,937|168,811| |CURRENT|ASSETS| |Stock|11|11,375|8,546| |Debtors|12|25,105|37,329| |Cash|at Bank|and|in Hand|280,608|243,280| |317,088|289,155| |CREDITORS:|Amounts|falling| |due within|one year|13|(14,920)|(19,580)| |NET CURRENT ASSETS|302,168|269,575| |TOTAL NET ASSETS|468,105|438,386| |THE FUNDS|OF THE|CHARITY| |Restricted Funds|14|127,942|131,518| |Unrestricted|Funds:| |Designated Funds|14|220,000|-| |Other|Charitable|Funds|14|120,163|306,868| |340,163|306,868| |TOTAL CHARITY FUNDS|468,105|438,386|

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For the year ending 31% March 2025 the charitable company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act.

The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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The financjal statements were approved by the Board of Trustees on 19 November 2025 and were
signed on ven by:
PS » °
Na a
Mr s Jae Trustee t D G Beresford — Trustee
Company Nufnber: 02518440
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Ls

LINCOLN PELICAN TRUST LTD

Notes to the Financial Accounts for the year ended 31“* March 2025

ACCOUNTING POLICIES

• a. Basis of preparation

The financial statements have been prepared in accordance with Charities SORP (FRS102) — Second Edition October 2019 — Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK (FRS102) (effective 1 January 2019) and the Companies Act 2006.

Lincoln Pelican Trust Ltd meets the definition of a public benefit entity under FRS102. Assets and Liabilities are initially recognised at historical cost or transition value unless otherwise stated in the relevant accounting policy notes.

b. Preparation of the accounts on a going concern basis The accounts have been prepared on a going concern basis. The Trustees consider that there are no material uncertainties about Lincoln Pelican Trust Ltd.’s ability to continue as a going concern.

a Income recognition

Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the Income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from charitable activities consists of beneficiary generated sales which represent the net amount of invoices to customers less credit notes for goods returned, excluding VAT and Grant Income receivable which is recognised in income when it has entitlement to the funds and any performance conditions attached have been met.

• d. Donations Donations and monies received from grants are included in the accounts of the year to which they relate. Expenditure and any specific donations are both included in the same relevant year.

• e. Interest receivable Interest receivable is accounted for as it accrues.

• f. Fund accounting Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. The Trust has discretion to use unrestricted funds for projects to meet the Charitable Company’s objectives.

• g. Operating leases Operating lease rentals are charged to the Statement of Financial Activities on a payable basis.

• h. Tangible fixed assets

The cost of Tangible Fixed Assets are capitalised in the Balance Sheet. Depreciation is provided on tangible fixed assets in use at rates calculated to write off the cost of each asset over its expected useful life as follows:

Long Leasehold Property 2% Straight Line Method Property Improvements 10% Straight Line Method Unrestricted Plant and Machinery 33% Straight Line Method Restricted Plant and Machinery 10% Straight Line Method

LINCOLN PELICAN TRUST LTD

Notes to the Financial Accounts for the year ended 31*t March 2025

1. ACCOUNTING POLICIES (CONT’D)

• i. Stock Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

ja Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

• k. Cash at bank and in hand Cash at bank and in hand includes cash and short term investments with instant access.

• Creditors and provisions 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 recognised at their settlement amount after allowing for any trade discounts due.

m. Taxation

• The company is exempt as it meets the definition of a charitable company for UK Corporation tax purposes.

2. MEMBERS GUARANTEE

The Company is a registered charity limited by guarantee with the liability of each of the current Members being limited to £1.

LINCOLN PELICAN TRUST LTD

Notes to the Financial Accounts for the year ended 31*' March 2025 (Cont’d)

DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
	2025	2024
	£,	=A
Donations: -
Nettleham Ladies	1,000	-
Sundry Donations	4,872	4,857
	5,872	4,857
The income from donations was £5,872 (2024: £4,857) which is all unrestricted in both		years.
INCOMEFROM CHARITABLE ACTIVITES
	2025	2024
	ca	£
Incoming Resources from Social Enterprises: -
Personal BudgetIncome	58,407	46,805
PCDL Project (Restricted)	87,313	94,016
Lower Green Foundation (Restricted)	10,000	10,000
Morrisons Foundation (Restricted)	-	8,285
Bernard Sunley Foundation (Restricted)	-	4,000
B&Q	-	7,500
Multiply Programme (Restricted)	66,971	64,334
Platform HousingGroup (Restricted)	5,000	-
Tesco Goundworks (Restricted)	5,000	-
BNA (Restricted)	20,200	-
	252,891	234,940
Vocational Training Beneficiary Generated Sales	142,991	136,328
	395,882	371,268

The income from donations was £5,872 (2024: £4,857) which is all unrestricted in both years.

1. INCOME FROM CHARITABLE ACTIVITES

INCOMEEARNEDFROMOTHERTRADING ACTIVITIES
	2025	2024
	£	£
Room Hire andCatering	1,040	1,040
Open Day Proceeds	812	1,084
	1,852	2,124

All amounts relate to unrestricted funds.

LINCOLN PELICAN TRUST LTD

Notes to the Financial Accounts for the year ended 31°‘ March 2025 (Cont’d)

INVESTMENT INCOME

All of the charity’s investment income of £5,484 (2024: £4,637) arises from money held in interest bearing deposit accounts and are unrestricted.

Ts ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

			Govern-
	Training	Social	ance		2025	2024
	Services	Enterprises	Costs	Support	Total	Total
	£	£	£	£	£	£
StaffCosts	-	184,320	-	49,035	233,355	216,392
Depreciation&
Asset Disposal	-	23,545	-	-	23,545	29,938
Premises	-	-	-	12,482	12,482	16,602
Repairs and
Maintenance	-	11,104	-	9,500	20,604	19,949
Direct Purchases Travel	- -	64,276 Lvl	- -	- -	64,276 1,711	71,354 2,633
Advertising and
Exhibitions	-	622	-	-	622	968
Insurance Other	- 820	4.913 5,008	- 2,550	1,228 8,257	6,141 16,635	4,905 14,570
	820	295,499	2,550	80,502	379,371	377,311
Allocation of
Support Costs	1,032	79,470	-	(80,502)	-	-
	1,852	374,969	2,550	-	379,371	377,311

Total expenditure was £379,371 (2024: £377,311) of which £181,311 (2024: £185,600) was unrestricted and £198,060 (2024: £191,711) was restricted.

The Fund Raising Training activities are performed to generate additional income for the Charitable Company. These activities utilise the existing resources and hence the income is used to absorb the overhead costs of the Charitable Company. As such the associated costs are allocated equal to the value of the income. Support costs are allocated above on the basis of resources utilised.

LINCOLN PELICAN TRUST LTD

1. NET INCOME/(EXPENDITURE) FOR THE YEAR

Notes to the Financial Accounts for the year ended 31% March 2025 (Cont’d)

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||||||| |---|---|---|---|---|---| |2025|2024| |This|is|stated|after charging:|Fo|£| |Depreciation|23,545|29,684| |Staff Costs|(Note|9)|233,355|216,392|

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1. ANALYSIS OF STAFF COSTS AND TRUSTEE REMUNERATION AND EXPENSES

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|||||| |---|---|---|---|---| |2025|2024| |£|£| |Wages|and|Salaries|217,448|202,314| |Social|Security|Costs|12,107|10,971| |Pension|Costs|3,800|3,107| |233,355|216,392|

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No employees had employee benefits in excess of £60,000 (2024: £nil).

The Charity Trustees were not paid or received any other benefits from employment with the Trust in the year (2024: £Nil) neither were they reimbursed expenses during the year (2024: £Nil). No Charity Trustee received payment for professional or other services supplied to the Charity (2024: £Nil).

The total employment benefits of the key management personnel of the Charity were £79,301 (2024: £78,606).

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|||||| |---|---|---|---|---| |Number|Number| |The average|weekly|number of employees|during|the| |year was|as|follows:| |Support|3|3| |Social|Enterprises|8|8| |11|I]|

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LINCOLN PELICAN TRUST LTD

Notes to the Financial Accounts for the year ended 31‘ March 2025 (Cont’d)

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|||||||||| |---|---|---|---|---|---|---|---|---| |10.|TANGIBLE FIXED ASSETS|Un-| |Restricted|restricted|Un-| |Long|Property|Restricted|restricted| |Leasehold|Improve-|Plantand|Plant|and| |Property|ments|Machinery|Machinery|Total| |£|&|s;|£|£| |COST:| |At|1% April|2024|178,901|39,085|77,086|264,834|$59,906| |Additions|-|6,021|-|14,650|20,671| |Disposals|.|-|-|-|-| |At|31“ March|2025|178,901|45,106|77,086|279,484|580,577| |DEPRECIATION:| |At|1|April|2024|47,383|28,377|77,086|238,249|391,095| |Provisions|for the Year|3,576|1,749|-|18,220|23,545| |On|Disposals|-|-|-|-|-| |At 318 March|2025|50,959|30,126|77,086|256,469|414,640| |NET|BOOK|VALUE:| |At 31 March|2025|127,942|14,980|-|23,015|165,937| |At 31% March 2024|131,518|10,708|-|26,585|168,811|

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The net book value at 31‘t March 2025 represents fixed assets used for:-

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|||||||| |---|---|---|---|---|---|---| |Un-| |Restricted|_ restricted|Un-| |Long|Property|Restricted|restricted| |Leasehold|Improve-|Plantand|Plant|and| |Property|ments|Machinery|Machinery|Total| |£|£|£|£|£| |Charitable| |Activity|Purposes|127,942|16,729|-|23,015|165,937|

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.

LINCOLN PELICAN TRUST LTD

Notes to the Financial Accounts for the year ended 31% March 2025 (Cont’d)

11.	STOCK
		2025	2024
		£	£
	Stocks Work inProgress	7,985 3,390	6,191 2.355
		11,375	8,546
12.	DEBTORS
		2025	2024
	Amounts recoverable within one year:-	£	i
	Trade Debtors	16,118	31,651
	Prepayments andAccruedIncome	3,456	3,704
	OtherDebtors	5,531	1,974
		25,105	37,329
13.	CREDITORS
		2025	2024
	Amounts fallingdue within one year:	£	i
	Trade Creditors	5,433	13,815
	Accruals andOther Creditors	9,487	5,765
		14,920	19,580

LINCOLN PELICAN TRUST LTD

Notes to the Financial Accounts for the year ended 31*' March 2025 (Cont’d)

ANALYSIS OF CHARITABLE FUNDS

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|||||||||| |---|---|---|---|---|---|---|---|---| |At|Incoming|Outgoing|At| |At|31°|March|2025|31.3.2024|Resources|Resources|Transfers|31.3.2025| |£|£|£|£|£| |Restricted|Funds| |Social|Investment|Business|131,518|-|3,576|-|127,942| |PCDL|Grant|-|87,313|87,313|-|-| |Lower|Green| |Foundation|Grant|-|10,000|10,000|-|-| |Multiply|Programme|-|66,971|66,971|-|-| |Platform|Housing Group|-|5,000|5,000|-|-| |Tesco|Groundworks|-|5,000|5,000|-|-| |BNA|-|20,200|20,200|-|=| |131,518|194,484|198,060|-|127,942| |Designated|Funds|-|-|-|220,000|220,000| |Unrestricted|Funds|306,868|214,606|181,311|(220,000)|120,163| |Total|Unrestricted|Funds|306,868|214,606|181,311|-|340,163| |Total Funds|438,386|409,090|379,371|-|468,105| |At|Incoming|Outgoing|At| |At|31% March|2024|31.3.2023|Resources|Resources|‘Transfers|31.3.2024| |£|£|£|£|£| |Restricted|Funds| |Social|Investment|Business|135,094|-|3,576|-|131,518| |PCDL|Grant|-|94,016|94,016|-|-| |Lower|Green| |Foundation|Grant|-|10,000|10,000|-|-| |Multiply Programme|-|64,334|64,334|-|-| |Morrisons|Foundation|-|8,285|8,285|-|-| |Bernard|Sunley|Foundation|-|4,000|4,000|-|-| |B&Q Foundation|-|7,500|7,500|-|-| |135,094|188,135|191,711|-|131,518| |Unrestricted|Funds|297,717|194,751|185,600|-|306,868| |Total Funds|432,811|382,886|377,311|-|438,386|

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Notes to the Financial Accounts for the year ended 31‘' March 2025 (Cont’d)

LINCOLN PELICAN TRUST LTD

14, ANALYSIS OF CHARITABLE FUNDS (CONT’D)

Social Investment Business

Funding was received to purchase property, incumbent plant and undertake its refurbishment with the aim of expansion of services provided. The residual balance represents fixed assets to be depreciated in future years.

Lower Green Foundation

Funding was received to part cover the salary of one training officer in the year.

Lincolnshire County Council Personal Community Development Learning (PCDL) Funding was received to provide a programme of non-vocational personal and community development and first steps learning.

Multiply Programme

Central government funding was received through Lincolnshire County Council to support delivery of courses with imbedded Maths.

BNA

Funding was received to support the attendance of 5 learners who would otherwise not be able to attend due to personal financial circumstances.

Morrisons Foundation

Funding was received to contribute towards the refurbishment of the site.

Bernard Sunley Foundation

Funding was received to contribute towards the refurbishment of the site.

B&Q Foundation

Funding was received to contribute towards the refurbishment of the site.

Platform Housing Group

Funding was received to contribute towards the replacement of IT Equipment.

Tesco Groundworks

Funding was received to contribute to the provision of healthy eating and activities for young people.

Designated Funds

Funding has been allocated during the year towards repairs and maintenance of the building, the replacement of significant printing equipment and potential additional salary costs as a result of succession planning.

22,

LINCOLN PELICAN TRUST LTD

Notes to the Financial Accounts for the year ended 31*t March 2025 (Cont’d)

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

		Un-	=Total Un-
	Designated	restricted	restricted	Restricted
As at31 March 2025	Funds	Funds	Funds	Funds
	£	£	£	2
Non Current Assets	-	37,995	37,995	127,942
Current Assets	220,000	97,088	317,088	-
Current Liabilities	-	(14,920)	(14,920)	-
Total Net Assets	220,000	120,163	340,163	127,942
			Un-
			restricted	Restricted
As at 31%March 2024			Funds	Funds
			£	£
Non Current Assets			37,293	131,518
Current Assets			289,155	-
Current Liabilities			(19,580)	-
TotalNetAssets			306,868	131,518

LINCOLN PELICAN TRUST LTD

Income and Expenditure Account for the year ended 31%* March 2025

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|||||||| |---|---|---|---|---|---|---| |2025|2024| |VOLUNTARY|INCOME|;|£|£|£|£| |Donations|5,872|4,857| |ACTIVITIES|FOR GENERATING|FUNDS| |Miscellaneous|Income|1,852|2,124| |INVESTMENT INCOME| |Bank Interest|(Gross)|5,484|4,637| |INCOMING|RESOURCES FROM| |CHARITABLE|ACTIVITIES| |Beneficiary Generated|Sales|142,991|136,328| |PCDL|Grant Funding|87,313|94,016| |Lower Green|Foundation|Grant|10,000|10,000| |Personal|Budget Income|58,407|46,805| |Morrisons Foundation|-|8,285| |Bernard|Sunley Foundation|-|4,000| |Multiply Programme|66,971|64,334| |B&Q Foundation|-|7,500| |Platform|Housing|Group|5,000|-| |BNA|20,200|-| |Tesco|Groundworks|5,000|-| |395,882|371,268| |DIRECT|COSTS|409,090|382,886| |Purchases|64,276|71,354| |Wages|-|Technical|Trainees|and Helpers|102,172|95,389| |Wages|- Administration|and|Welfare|70,198|61,048| |Social|Security|Costs|9,125|8,045| |Pension|Contributions|2,825|2,078| |Therapeutic|Payments|2,607|2,734| |251,203|240,648| |CARRIED FORWARD|157,887|142,238|

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LINCOLN PELICAN TRUST LTD

Income and Expenditure Account for the year ended 31° March 2025 (Cont’d)

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|||||||| |---|---|---|---|---|---|---| |£|2025|£|£|2024|£| |BROUGHT FORWARD|157,887|142,238| |OTHER|COSTS| |Wages — Administration|45,078|45,877| |Social|Security Costs|2,982|2,926| |Pension|Contributions|975|1,029| |Training|Costs|821|-| |Motor and|Travel Expenses|1,019|1,988| |Trainee|Travel|Expenses|692|645| |Telephone|Charges|3,446|3,008| |Rent|and|Rates|596|580| |Light and Heat|10,020|13,233| |Advertising|and|Exhibitions|622|968| |Insurance|6,141|4,905| |Depreciation|23,545|29,684| |Loss|on|Asset|Disposal|-|254| |Repairs|and|Renewals|20,604|19,949| |Stationery,|Postage and|Carriage|1,380|1,946| |Cleaning|Costs|486|703| |External|Accountancy|and|Audit|Fees|3,941|3,757| |Incidentals|361|275| |Bank|Charges|695|716| |IT|Costs|4,764|4,220| |128,168|136,663| |SURPLUS FOR THE YEAR|29,719|5,575|

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