LINCOLNSHIRE'S LANCASTER ASSOCIATION LIMITED
To create interest and raise funds to maintain, preserve, restore and display the Lancaster Bomber "City of Lincoln" and any other aeroplanes and objects of historical interest associated with the Lancaster or the Royal Air Force for the benefit of the public and as a memorial to Bomber Command personnel during the 1939-1945 war.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds increased by £9,883 to a total of £890,624, with the charity holding over £600,000 in unrestricted funds not invested in fixed assets. The trustees report that continuous financial monitoring ensures the need to deplete reserves will not arise, indicating a stable financial position without material uncertainty.
What the accounts disclose
“The objective of the Association is to accumulate as large a fund as possible while meeting the overheads, the preservation of its property, the production of the journal and the making of donations as required.” — page 3
“In addition C Harper was paid £3,600 (2024 - £10,080) and J Owen reclaimed out of pocket expenses of £7,165 (2024 - NIL) in respect of membership cards expenses.” — page 11
“A wholly owned non-charitable subsidiary trading company L.L.A. (Sales) Ltd was formed on 24th May 1995 and sells items relevant to the objects of the Association.”
Property (HM Land Registry)
Trustees
- Mr J Ball
- Mr T J Allett
- PETER CHAPMAN
- Reginald Jackson Anderson
- Richard Clive Osler
- Roy Sidney Evans
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £64k | £54k |
| 31/01/2024 | £66k | £162k |
| 31/01/2023 | £75k | £78k |
| 31/01/2022 | £132k | £173k |
| 31/01/2021 | £64k | £75k |
Common questions
Is LINCOLNSHIRE'S LANCASTER ASSOCIATION LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds increased by £9,883 to a total of £890,624, with the charity holding over £600,000 in unrestricted funds not invested in fixed assets. The trustees report that continuous financial monitoring ensures the need to deplete reserves will not arise, indicating a stable financial position without material uncertainty. Its FY2025 accounts were independently examined.