LGBT Out in the Bay STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 1 APRIL 2025 Charity Registration Number 1153064 WATERS & ATKINSON CHARTERED ACCOUNTANTS THE OLD COURT HOUSE CLARK STREET MORECAMBE LA4 SHR LGBT Out in the Bay YEAR ENDED 1 April 2025 Contents Trustees. Report Receipts and Payments Account Statement of Assets and Liabilities Independent Examiner's Report LGBT Out in the Bay REPORT OF THE TRUSTEES The Trustees present their annual report for the year ended 1 April 2025. 1. Le al and Administrative Information The Charity 15 known as LGBT Out in the Bay. It is a registered charity, with the registered number of 1153064. The Charity is governed by a constitution dated 24 July 2013 and its objectives are to promote equality and diversity for LG8T community within the areas of Morecambe and Lancaster, Lancashire. The Trustees have asked Mr Damien Sissons of Waters & Atkinson to act as the Independent Examiner under the Charities Act 2011 . 2. Trustees The Trustees in office at the end of the year were as follows.. Robert Mee Karen James Maria Hryniw Liam Sean Carroll Jolanta Cross Hardeep Kang Chair Trustee Trustee Trustee Truslee Trustee Appointed 5 August 2024 Appointed 5 August 2024 Appointed 5 August 2024 Appointed S August 2024 Trustees are people selected from the local area who have also expressed an interesl in being involved in the running of the group. All trustees have read the Charity Commission guidance and all are involved in running the charity within the compliance of the Charity Commission. 3. Activities During the 2024-2025 financial year, LGB T Out in the Bay continued to deliver a broad range of support sernices and community activities for LGBT+ people across Lancaster, More¢ambe and the wider Bay area. The organisation focused on reducing isolation. improving wellbeing. and supporting some of the most marginalised LGBT+ individuals, particularly young people. Core activities during the year included.. .Delivery of regular LGBT+ youth groups (ages 11-18 and 18-25) .One-lo-one support and counselling .Community social groups, including arts, crafts and peer-support sessions .Ongoing organisalional development, safeguarding, and volunteer support Demand for services remained high throughout the year. reflecting continued pressures relaled to housing insecurity, mental health, and the cost-of-living Crisis. Income during the year was generated through a combination of grants, Pride events, fundraising activities, and donations, and was used primarily lo support staffing. venue costs, safeguarding, and direct service delivery. 4. Pollcies a) Risk Management The Trustees regularly review Ihe major risks associated with the charity and have developed an action plan to minimise and effectively manage those risks. Due to this being an LGB T+ ¢harily we continually are needing lo improve security and monitor data protection in order to manage the risks to our members. Continued.............................. Page I LGBT Out in the Bay REPORT OF THE TRUSTEES (continued) bl Reserves The charitys principal source of funding includes those of National lottery, Lancaster council. Morecambe town council, Thermos Fisher, Red Rose Recovery, Lancaster University, University of Cumbria, funded by uk government, Lancashire victims seNices, The Calico Group, Lancashire fire seryices, Lancaster Bid and Lancaster Brewery.11 is the intention of the Trustees that the funds received and raised are used for the good of the LGBT+ community. We held a reserve of £2,485 al the year end. 5. Financial Review Being a small Charity, the accounts have been prepared on the basis of amounts received and paid during the year. The Statement of Assets and Liabilities lon page 41 does however show the amounts owed lo, and owing by the Charity al the end of the year. The Board of Trustees closely monitor spending and income streams on a day lo day basis and these are also reviewed at the AGM. 6. Achievements and Performance During the last year we have continued to provide the housing project for 18-25s for LGBTQ+ people called No Labelz. Our LGB T Out in the Bay project has seen a rise in demand for counselling and 1-2-1 support work - keeping up with demand has been a struggle. We are continuing with our community project- currently supplying anyone wilh free breakfast and a brew. Lancaster and Morecambe Prides were delivered with success. We have sought out more partners lo work with us, which makes us more robust in challenging limes. Once again we have raised money to support the projects. Vve now need to be more strategic and open lo new ways ofworking. 7. Non-dlsclosure of ke ersonnel detalls Due lo this being an LGBT+ charity and some hate we received at Morecambe Pride and an increased hate within society for our broader family- we now resérvè the right lo withhold personal information. Signed on behalf of the Trusteès Trustee Date Princi al Office: 30-32 Claremont Road Morecambe Lancashire LA4 4HL Page 2 LGBT Out in the Bay RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 1 APRIL 2025 Totsl 2025 Total 2024 Unrestricted Restricted INCOMING RESOURCES Income from charitable activities Granls Sponsorship Other income 87,607 29,900 5,174 87.607 50,957 5,224 136,560 49,680 9,899 21.057 51 21,108 122,681 143,789 196,139 RESOURCES EXPENDED Charitable expenditure Cost of Providing Services (Charitable Activities) Staff Wagès PAYE and Pension payments Events. Marketing & Promotion Rent & Utilities Travel & Refreshments Insurance Telephone & Inlernel Sundries Training Repairs & IT costs Cleaning Loan payments 10,044 2,005 48.046 53,268 18,017 2,449 4,320 1,934 10.044 2,005 48,046 53,268 18,017 2,449 4.320 1,934 35,494 14,713 60,826 52,235 12.142 2.529 3,762 6,041 1,298 3,621 730 5.507 198,896 862 907 2,240 144,092 882 907 2,240 144,092 Resources Expended on Managing & Governance Costs Independent Examination & Accountancy 1,923 1,923 1,857 146,015 146,015 200,753 NET INCOME I EXPENSES FOR YEAR 21,108 23.334 2,2261 4,614 Transfer be￿een funds 21,108 21,108 2,226 2,226} 4,614 Balances at the start of the year Balances at the end of the year 4,711 2,485 9,325 4,711 Represented by.. Bank 2,485 2,485 4.711 4.711 Page 3 LGBT Out in the Bay STATEMENT OF ASSETS AND LIABILITIES AS AT I APRIL 2025 2025 2024 Fixed Assets Tangible assets 2,253 2,253 Monetsry Assets Cash at Bank 2,485 4,738 4,711 11,173 Llabilitles Bounce Back Loans Accruals". Independent Examinerfs Fees Other 32,585 33,727 1,248 978 103 39,702 33,833 NOTE Flxed Assets Items of office equipment. together with all other equipment, are written off in the yèar of purchase in view of their limited useful life. The annual cost of replacing these items is therefore charged lo the Receipts and Payments Account. Approved and slgned on behalf of the Trustees: Trustee Trustee Date Page 4 LGBT Out in the Bay CHARITY REGISTRATION NUMBER 1153064 INDEPENDENT EXAMINER'S REPORT Inde endent Examinerfs Re ort to the Trustees of LGBT Out in the Ba I report to the charity Iruslees on my examination of the accovnls of the charity for the year ended 1 April 2025 which arè set out on pages 110 4. Res onsibilities and basis of re ort As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Chaflties Act 2011 I'lhe Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have found all the applicable Directions given by the Charity Commission under section 145(5)Ib) of the Act. Inde endent Examinerfs Ststement I have completed my examination. I confirm that no material matters have Gome lo my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act., or the accounts do not accord with those records. Ihaven co should ke dr cerns and have come across no other matters in connection with the examination lo which attention wn in this report in order lo enable proper understanding of the accounts to be reached. zq(LL D Sissons BA FCA Date Waters & Atkinson Chartered Accountants The Old Court House Clark Street Morecambe LA4 SHR Page 5