Registered number: 09360904
Charity number: 1166966
CASE COMMUNITY TRUST -
(A Company Limited by Guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

CASE COMMUNITY TRUST
(A Company Limlted by Guarantee)
CONTENTS
Page
Reference and Adminlstrallve Details of the Charity, its Trustees and Advisers
Trustees, Report
Independent Audltors. Report on the Financial Statements
Statement of Financlal Actlvltles
10-13
14
Balance Sheet
15-16
Statement of Cash Flows
17
Notes to the Flnanclal Statements
18-31

CASE COMMUNITY TRUST
(A Company Llmlted by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
S Baird
M Russell
R Gray
S Patterson
A Barnes (nee Jackson)
D James {appointed 13 June 2023>
V Malone (appoinled 6 July 2023, resigned 15 July 20241
Y St. John (appointed 13 June 2023)
J N Young {appointed 6 July 2023)
K Collins (resigned 6 July 2023)
Company reglstered
number
09360904
Charity reglstered
number
1166966
Reglstered office
The Lyons Community Centre
33a Mallard Crescent
Luton
Bedfordshire
LU14FG
Company secretary
K Collins
Independent auditors
Streets Audit LLP
Basepoint Business and Innovation Cenlre
110 Butlerfield
Great Marlings
Luton
LU2 8DL
Page 1

CASE COMMUNITY TRUST
(A Company Llmfted by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the audited financial slalemenls of the charity for the year
1 April 2023 10 31 March 2024. The Annual Report serves the purposes of both a Trustees, report and a
directors, report under company law. The Trustees confirm thal the Annual Report and financial statements of
the charitable company comply with the current statutory requirements, the requirements of the charitable
company's governing document and the provisions of the Statement of Recommended Practice ISORPI
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the charity qualifies as small under section 382 of the Companies Act 2006, the Stralegic Report required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report)
Regulations 2013 has been omilted.
Objectives and activlties
Pollcles and objectives
The principal objective of the charitable Company as sel out in the governing documenl is the promotion for the
public benefit of urban or rural regeneration in areas of social and economic deprivation (and in particular the
parishes of Slip End and Caddington).
In selting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, induding the guidance 'Public benefi't.. running a
charity (PB21'.
b. Actlvltles undertaken to achieve objectlves
The activities to be und8rtaken to achieve the charilable Companys objectives include..
Ihe provision of housing for those who are in conditions of need and the improvemenl of housing in the
public sector or in charitable ownership provided that such power shall not extend lo relieving any local
aulhorities or other bodies of a slatulory duly to provide or improve housing;
the maintenance, improvement or provision of public amenities.,
the provision or assistance in the provision of community facilities to be available lo all sections of the
community without distinction induding use for meetings, leclures and classes andlor other forms of
recreation and leisure time occupations with the object of improving the conditions of life for all those who
use Ihe faolilies..
the provision or assistance in the provision of recreational facilities for the public at large andlor those
who, by reasons of their youth, age, infirmity or disablement, poverty Of 50Gial and economic
circumstances, have need of such facility..
the protection or conservation of Ihe environment-
the creation of Iraining and employment opportunities by the provision of workspace, buildings andlor
land for use on favourable terms-
the provision of financial assistance. technical assistance. or business advice or consultancy in order to
provide training and employment opportunities for unemployed people in cases of financial or other
charitable need through help in setting up their own business or to existing business,. and
such other means as may from lime lo time be determined subject lo prior consent of the Charity
Commission.
Page 2

. CASE COMMUNITY TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Objectives and activities (contlnuedl
c. Strategles for achlevlng objectlves
Strategies actively deployed during the year under review..
to own and procure the managemenl of affordable housing.
to own and manage the community facilili8s in the short andlor long term.,
to own and maintain a multi-use games area.
lo manage open spaces, footways and cycle ways.
to work in conjunction with a local provider to agree the routing and frequency of a local bus service and
fund the operation of that servi￿, and
employ and pay full-lime and part-time slaff (who shall not be trustees) to Supervise, organise and carry
on the work of the charity and also to advise and assist the board of Irusleesldireclors.
Strategies not actively deployed in the year bul considered for the future:
to more actively manage and reshape our woodland., and
to repurpose and maintain ancillary buildings within Trust ownership.
General strategies noted as available foi use by the board at their discretion..
to acquire or hire property of any kind. and any interests in or rights over property of any kind,.
to sell, dispose of, let, mortgage or charge any property of the company and lo grant licences, options,
righls and privileges in respect of. or otherwise deal with. all or any parl of the property and rights of the
company,.
to construcl, maintain and alter buildings or erections,. and
to co-opeiate and enter into arrangements with any authorities, international, national, local or othemise.
Achlevements and performance
a. Review of aGtivitles
The Caddington Woods estate has been fully buill out for some time now. although the developers have not yet
completely exiled the estate in as much as the local authority has not yet adopted the main highway and some
open space remains to be legally transferred. The Trust is recognised as a central part of the community, and
continues to develop its role both within the estate itself and wilhin the wider community of the two civil parishes.
In the financial year under review, it has..
continued lo refine the organisalional structure, policies and procedures.
engaged with various hirers lo ensure that a rich and varied mix of activities take place at the Communily
Centre and promoted both the building and the activities within to the wider community;
liaised with the Parish Councils of both Slip End and Caddington and the local aulhority (Central
Bedfordshire).,
sustained the bus seniice as an all-day. 6 days per week, service and maintained a dialogue with the
volunteer Bus Users Group in the area.,
continued our maintenance of the play area, multi-use games area and the woodland in the ownership of
CaSE. Our stewardship of Ihese areas encompasses making sure they are kept safe and altra¢live bul
also considering future opportunities for enhancement,. and
further development of our working relationship with Ihe managing agent (Central Bedfordshire Council's
°LetsRent" private lettings team) to look after our forty-six rental properties on Ihe estate and the tenants
living in those properties.
Page 3

CASE COMMUNITY TRUST
(A Company Llmlted by Guarantee)
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
Achlevements and performance {continued)
b. Fundraising activit(es and Income generatlon
The trust owns a total of 46 residential properties, in line with the original intentions. As the estate is now fully
buill out, our housing stock portfolio is considered lo be complete.
Income generation is primarily from affordable housing donated to the charitable Company. The total amounl
received from rental income was £461.27012023-. £462.169).
The secondary source of income is the hire charges generated by the Lyons Community Cenlre, which tolalled
£79,959 (2023.- £75,020). The trust also rebills the cost of the Saturday service on the 230 bus lo Central
B8dfordshir8 Council, receiving support tolalling £21,329 {2023.' £5,662).
c. Investment pollcy and performance
As sel out in the goveming document, the charitable Company can invest the monies of the charitable Company
not immediately requirèd for ils objectives in investments, securities or property as May be thought fil.
The Trustees had previously placed £200.000 in a low-risk investment fund. The value of these investments as
at 31 March 2023 was £145,222 due to a combinalion of additions and disposals in previous years, plus an
additional £76,649 was held by the investment manager as a cash balance. During the year under review, the
investment manager reviewed their minimum thresholds for client portfolios and the Trust's investment fund
was cashed out. Whilst the Iruslees have made tenlalive enquiries with a local financial adviser, they decided
against reinvesting the funds in a dedicated investment vehicle at this moment in time. Of the increased
balance retained as cash, a selection of reserve accounts and notice-required deposits have been opened to
generate interest on the cash balance5 held.
Subsidiary companies can also be established to assist or acl as agents for the Company and Can acquire and
hold shares, stocks, debentures, debenture stock or other securities or obligations of any other company.
Financlal revlew
. Golng concern
Usage of the community ¢enlre is now well established, and the trust no longer needs to focus on building hire
income but rather on the mix of different hirers that we are able lo attract whilst maintaining steady income
levels. The bus service re-launched wilh ils new timelablè al the start of the 2023 calendar year, has been well
received by the community, and passenger numbers continue to grow.
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate
resources to continue in operational existence for the foreseeable future. For Ihis reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding Ihe adoption of the
going concern basis can be found in the accounting policies.
Page 4

. CASE COMMUNITY TRUST
(A Company Llmlted by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
b. Reserves policy
The charitable Company will hold suffiaent reserves to meet its needs.
The total cash fttnds held by the charity at 31 March 2024 were £815.936 (2023.. £638.0481. These funds are
unrestricted and available for the general purposes of the charity.
The total reserves held by the charity at 31 March 2023 were £19.463.059 {2023'. £19.300,5261. Of these
reserve5, there is a designated fund of £18,650,25512023.' £18,481.2981 which relates to inveslmenl properties
and other fixed assets donated. The remaining level of free reserves are £812,804 {2023: £819.228}.
The Trustees have acknowledged that a minimum level of free reserves is required against unfLfnded salariesl
core running costs in a period of recovery should Ihere be a significant incident which impacts on income. The
appropriate level of reserves is considered lo be one year of relevant costs which has been assessed al
£85,000 (2023.. £100,000).
The Trust is aware in its medium-term planning that it has discreet projects which may well require significant
funding when implemented, which are..
Overhaul of the woodland area. consideration of removal of old or damaged trees whilst also considering
fresh plantings.,
Renovation or removal of the old peiimeter fence around the estate.,
Refurbishment and repurposing of the redundant brick buildings nearer the north8rn entrance to the
estate.
Whilst the Board has not created any named restricted reserves to fund these projects, it is acknowledged that
they are likely to create a significant draw against the general reserve when these projects are progressed. The
accumulation of an increased balance on the general reserve is not considered excessive and will be smoothed
out in the medium term.
Additional lo the major projecls ciled above, it is also acknowledged that our income generating assets (the
housing stock and the Communily Cenlrel are anticipated lo have long lives and will require refurbishment or
repair in due course which goes beyond day-to-day budgets for maintenance, for which accumulation of a
reserve is entirely appropriate.
c. Prlnclpal risks and uncertainties
Since the risk register was last updated, the Trust has taken on increased scope of activities and
responsibilities. Consequently. a fundamental review and update of the risk regisler is planned for completion in
2024125.
d. Prlncipal funding
The initial principal funding of the charitable company was by way of donations received from General Motors
and Redrow plc. Subsequently. certain affordable housing units built by Redrow plc were donated into the
charitable Company in three tranthes during earlier years. Rental income from these houses will be used to
meet the charitable Company's objeciives.
Structure, governance and management
Page 5

CASE COMMUNITY TRUST
(A Company Llmlted by Guarantee)
TRUSTEES, REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management {contlnued)
a. Constltutlon
The cornpany is registered as a charitable company limited by guarantee and was set up by a Memorandum of
Association on 18 December 2014.
The Company's charitable number is 1166966 and its registered company number is 09360904. The charitable
Company is registered at the following address:
The Lyon5 Communily Centre
33a Mallard Crescent
Caddington, Luton
Bedfordshire
LU14FG
b. Methods of appolntment or electlon of Trustees
The management of the charitable Company is the responsibility of the Truslees who are elected and co-opted
under the terms of the Artides ofAssociation.
The Trust has now completed the "transitional period.. such that the Board shall now consist of at least thre8
and not more than eleven individuals Comprised as foll0v￿..
up to two Central Bedfordshire Council trustees..
one Slip End Parish Council trustee.,
one Caddington Parish Council trustee. and
up to seven community Iruslees.
The charitable Company must ensure that the community trustees shall at all times be in the majorily. Trustees
are nominated by Ihe different groups mentioned above and the period of appointment is decided at this lime.
The appointment becomes effective when it is given in writing to the Chair.
The trustees pul forward by Central Bedfordshire Council or either of Ihe two Parish Councils will not be subject
to the retiremenl by rotation provisions sel out in the Act and shall continue to act as a trustee until-
a new trustee has been nominaled in their pla¢e',
they have reached the end of the period of appointment- or
they resign or are disqualified or removed pursuant to the Articles.
The groups are entitled to remove a trustee by serving written notice to the Chair.
Local authority groups shall not cause the Company to be a "controlled" or "connected entity. for the purposes
of the Local Government and Housing Act 1989 or the Local Governmenl and Public Involvement in Health Act
2007.
Any person who is willing to act as community trustee, and is permitted by law and Ihe Articles to do so. may be
appointed by.
ordinary resolution., or
decision of Ihe trustees.
In selecting persons to be appointed as community trustee5, the Trustees will take into consideration the
benefils of appointing a person who is able to, by virtue of their personal or professional qualification5, make a
conlribution to the pursuit of the objectives or the management of the charitable Company.
Page 6

CASE COMMUNITY TRUST
(A Company Llmlted by Guarantee)
TRUSTEES. REPORT ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
structure, govetnan¢e and management (continued)
Trustees will follow best practice in relation to trustee recruitment, including any guidance issued by the Charity
Commission from time lo time and will ensure that the process includes an open advert placed on community
notice boards in the Paiishes of Slip End and Caddinglon. as well as local communily facilities.
Community trustees may be re-appointed by the Board al the end of each term of office
c. Pollcles adopted for the Induction and tralnlng of Trustees
Trustees are inducted and trained on a one-on-one basis within a standard framework according lo their needs
and experience.
d. Organlsatlonal structure and decision.making policies
The business of the charitable Company shall be managed by the board of Trustees who may pay all expenses
incurred in the formation of the charitable Company. and may exercise such powers of Ihe charitable Company
as requir8d.
The board will meet at least four times in a calendar year. Decisions will be made by a majority of the votes.
The Trustees shall elect a Chair who shall hold office unlil the board meeting following the first anniversary of
his appointment unless. by a majority vote, he is removed before that time. The Trustees are permitted to re-
elect the existing Chair or select another trustee lo act as Chair.
The Trustees may appoint one or more sub-committees Consisting of at least one trustee for the purpose of
making an inquiry or supervising or performing any function or duty which in the opinion of the board would be
more conveniently undertaken or carried out by a sub-commiltee.
The Trustees who served during the year were as follows..
steven Baird
Alison Barnes {née Jackson)
Kevin Collins (re￿gned 6 July 2023)
Robert Gray
Debbie James (appointed 13 June 2023)
Victoria Malone (appointed 6 July 2023. resigned 15 July 2024)
Simon Patterson
Mark Russell
Yasmin St.John (appointed 13 June 2023)
J Nigel Young (appointed 6 July 2023)
e. Flnanclal rlsk management
The Trustees have assessed the major risks to which the charity is exposed. in particular Ihose related to the
operations and finances of the charily, and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks. These include:
Preparation of an annual budget. plus regular consideration of financial resulls 8nd monitoring those
results against budgets.
Monitoring and review of the performan￿ of our managing agent in dealing with our residential properties
and the tenants.
Policies for the Health and Safety of all people at the Lyons Community Cenlre, including slaff, hirers and
their customers or guests and all other visitors.
Contingency plans in the event of major disruptive events.
Page 7

. CASE COMMUNITY TRUST
(A Company Llmited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
structure, governance and management {contlnued)
Plans for future perlods
The Community Centre now has a diverse range of regular bookers and irregular hirers, and the Trust is keen
lo maintain this variety of different Uses.
The appointment of a new Trust Manager has been key lo the ongoing review and enhancement of how the
Trust function5 and supporting the Board in their governance role.
In 2023. the bus service was relaunched wilh a much more comprehensive and predictable service., this
continued wilhoul modification into 2024 and we are keen to maintain Ihis well used roule and timetable.
With all of our anticipated Properties now in the ownership of the Trust, we are looking al our relationship with
the managing agents and also our tenants to see how we can make this more efficient for all involved and
continue to foster a positive sense of community.
Statement of Trustees, responslbllltles
The Trustees (who are also the dlrectors of the charity for the purposes of company law) are responsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and Uniled
Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year, Under company law,
the Trustees m ust not approve the financial statements unless they are salisfied that they give a true and fair
view of the slate of affairs of the charity and of its incoming resources and application of resources, including its
income and expenditure, for that period. In preparing these financial statemenls, the Trustees are required to..
sele¢l suitable accounting policies and then apply them consislenlly.,
observe the methods and principles oflhe Charities SORP (FRS 102)-
make judgments and accounting estimates thal are reasonable and prudent.,
state whelher applicable UK Accounting Standards (FRS 1021 have been followed, subject to any
material departures disclosed and explained in the financial statements;
prepare the financial stalements on the going concern basis unless tt is inappropriate to presume that the
charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the charity's transactions and disclose with reasonable accuracy al any time the financial position of the chaflty
and enable them to ensure that the financial statements comply wilh 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.
Disclosure of information to auditors
Each of the persons who are Trustees al the time when this Trustees, Report is approved has confirmed that:
so far as that Truslee is aware. there is no relevant audit infomiation of which Ihe charity's auditors are
unaware, and
thal Trustee has taken all the steps that ought to have been taken as a Trustee in order lo be awafe of
any relevant audit informats-on and to establish that Ihe Charity's auditors are aware of that information.
P8ge 8

CASE COMMUNITY TRUST
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Audltors
The auditors, Streets Audit LLP. have indicated their willingness to continue in office. The designated Trustees
will propose a motion reappointing the auditors at a meeting of Ihe Trustees.
App
ved by order of the members of the board of Trustees and signed on their behalf by..
R Gray
Chair
Date..
Page 9

CASE COMMUNITY TRUST
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CASE COMMUNITY TRUST
Opinion
We have audited the financial statements of Case Community Trust (the 'charitable company'l for the year
ended 31 March 2024 which comprise the Statement of Finanaal Aclivilies, the Balance Sheet, the Statement
of Cash Flows and the related notes. including a summary of 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 Accepted 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 ils
incoming resources and application of resources, including its income and expenditure for the year Ihen
ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice, and
have been prepared in accordance with the requirements of th8 Charities Act 2011.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordanc8
with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council'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 lo provide a basis for our opinion.
Conclusions relating to golng concern
In auditing the financial statements, we have concluded that the Trustees, 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 Trustees with respect to going cOn￿M are described in the
relevant sections of this report.
Page 10

.. CASE COMMUNITY TRUST
IA Company Limlted by Guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF CASE COMMUNITY TRUST (CONTINUED)
Other Information
The other information comprises the information included in the Annual Report other than the financial
statements and our Auditors, Report Ihereon. The Trustees are responsible for the other information contained
wilhin the Annual Report. Our opinion on the financial statements does not cover the other information and,
except to the extent otherwise explicitly staled in our report. we do not express any form of assurance
conclusion thereon. Our responsibility is to read the other information and, in doing so, consicler whether the
other inform8tion is materially inconsistent with Ihe financial statements or our knowledge obtained in the course
of the audit, or othe￿iSe appears to be materially misstated. If we identify such material inconsislencies or
8pparent material misstatements, we are required to determine whether this gives rise lo a malerial
misslatemenl in the financial statements themselves. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required lo report that fact.
W8 have nothing lo report in this regard.
Matters on whlch we aro required lo report by exceptlon
We have nothing to report in respect of the following matters where Ihe Charities {Accounts and Reports)
Regulations 2008 requires us to report to you if. in our opinion..
the information given in the Trustees, Report is incon51Stent in any material respect with the financial
slalements.. or
sufficient accounting records have not been kept: or
the financial statements are not in agreement with the accounting records and returns.. or
we have not received all the informatson and explanations we require for our audit.
Responslbllltles of trustees
As explained more fully in the Trustees, Responsibilities Statement, the Trustees {who are also the directors of
the charitable company for the purposes of company law) are responsible for the preparation of the financial
slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial stalements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial slatements, the Trustees are responsible for assessing the charitable company's
ability to continue as a going con¢ern, disclosing, as applicable, matters related lo going cOn￿M and using the
going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or lo
cease operations, or have no realistic alternative but to do so.
Page11

. CASE COMMUNITY TRUST
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CASE COMMUMITY TRUST (CONTINUED)
Audltors, responslbllltles for the audit of the flnanclal statements
We have been appointed as auditor under seclion 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effecl thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misslatemenl, whether due to fraud or error, and lo issue an Auditors, Report Ihal 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 alway5 detect a material misstatement when il exi515 Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial staternenls.
Irregularities, including fraud, are inslances of non-compliants with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
rregularilies. including fraud. The extent to which our procedures are capable of detecting irregularitie5,
including fraud is detailed below..
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities,
including fraud and non-compliance wilh laws and regulations, was as follows..
the engagement partner ensured that the engagement team collectively had the appropriate competence
capabilities and skills lo identify or recognise non-compliance with applicable laws and regulations.,
we identified the laws and regulations applicable to the company through discussions with directors and
other management, and from our commercial knowledge and experience of the company and seclor in
which it operates;
we focused on specific laws and regulations which we considered may have a direct material effect on
the financial statements or the operations of the company. including the Companiès Act 2006, taxation
legislation, data protection, anti-bribery. employment, environmental and health and safely legislation.,
we assessed the exlenl of compliance with the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence. and
identified laws and regulations were communicated within the audit team regularly and the team
remained alert to instances of nOn-￿mpl1an￿ throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstalemenl, including
obtaining an understanding of how fraud might occur. by..
making enquiries of management as lo where they considered there was susceptibility lo fraud, their
knowledge of actual, suspected and alleged fraud.
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.
To address the risk of fraud through management bias and override of controls, we:
performed analytical prO￿dureS to identify any unusual or unexpected relationships-
tested journal entries to identify unusual Iransa¢tKsn5-
investigated the rationale behind significanl or unusual transactions.
In response to the risk of irregularities and non-compliance wilh laws and regulations. we designed procedures
which included. but were not limited to..
agreeing financial statement disclosures lo Under￿ing supporting documentation..
reading the minutes of meetings of those charged with governance.,
enquiring of management as lo actual and potential litigation and claims,. and
reviewin9 correspondence wtth HMRC. relevant regulators and the company's legal advisors.
There are inherent limitations in our audit procedures described above. The more removed Ihal laws and
regulations are from financial transactions, the less likety it is that we would become aware of non-compliance.
Page 12

CASE COMMUNITY TRUST
{A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CASE COMMUNITY TRUST (CONTINUED)
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations
to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if
any.
Material misstatemenls that arise due to fraud can be harder to detect than those thal arise from error as they
may involve deliberate concealment or collusion,
A further description of our responsibilities for the audit of the financial statements is located on the Financia
Reporting Council's website at". www.frc.or
uklauditorsres
onsibilities. This description forms parl of our
Auditor's Report.
Use of our report
This report is made solely to the charitable company's trustees, as a body. in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale
to the charitable company's trustees those matters we are required to state lo 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 its members, as a body, for our audil work, for this report, or for
the opinions we have formed.
Alan Endersby FCA
Streets Audit LLP
Chartered Accountants and Statutory Auditor
Basepoint Business and Innovatbon Centre
110 Butterfield
Great Marlings
Luton
LU2 8DL
Date.. c
1,,12o£*
Streets Audit LLP are eligible to act as auditors in terms of sectÈon 1212 of the Companies Act 2006.
Page 13

CASE COMMUNITY TRUST
(A Company Llmited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted
funds
2024
Total
fund$
2024
ToÉal
funds
2023
Note
Income from:
Donations and legacies
Charilable activities
Investments
21,789
93,949
461,270
21,789
93,949
461,270
5, 358
76, 095
462, 169
Total Income
577,008
577,008
543, 622
Expendlture on:
Raising funds
Charitable activities
99,044
491,931
99,044
491.931
92,960
396,016
Total expenditure
590,975
590,975
488, 976
Net movement In funds before other recognlsed
galnslllosses)
113,967)
(13,967)
54,646
other recognised gainsl(losses):
Gains on revaluation of fixed assets
176,500
176,500
772, 662
Net movement In funds
162,533
162,533
827,308
Reconclllatlon of funds".
Total funds brought forward
Net movement in fund5
19,300,526
162,533
19,300,526
162,533
18,473,218
827,308
Total funds carried forward
19,463,059
19,463,059
19, 300, 526
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 18 to 31 form part of these financial statements.
Page 14

. CASE COMMUNITY TRUST
(A Company Llmited by Guarantee)
REGISTERED NUMBER: 09360904
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
Investment property
12
995,255
1,037,205
145,222
17,478.500
13
17,655,000
18,650,2S5
18,660,927
Current assets
Debtors
Cash at bank and in hand
14
74,697
814,124
71,117
638, 048
888,821
709, 165
Creditors.. amounts falling due within one
year
{76,0171
(69, 566)
Net current assets
812,804
639,599
Total assets less current liabililles
19,463,059
19,300,526
Net assets excludlng penslon asset
19,463,059
19,300, 526
Total net assets
19,463.059
19, 300, 526
Charlty funds
Restricted funds
Unrestricted funds
16
16
19,463,059
19,300, 526
Total funds
19,463,059
19,300,526
The entily was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have nol required the ents'ty to obtain an audit for the year in question in accordance with section
476 of the Companies Act 2006.
However, an audit is required in accordance wilh section 144 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requiremerits of the Act with respect to
accounting records and preparation of financial stalemenls.
The financial statements have been prepared in aCcordar￿￿ with Ihe provisions applicable lo entities subject to
the small companies regime.
Page 15

CASE COMMUNITY TRUST
(A Company Llmlted by Guarantee)
REGISTERED NUMBER: 09360904
BALANCE SHEET {CONTINUED}
AS AT 31 MARCH 2024
The financial statements were approved and authotised for issue by the Trustees and signed on their behalf by:
£-tW
R Gray
Chair
Date:
1,4z4cY£
The not8s on pag8s 18 to 31 form part of these financial statements.
Page 16

CASE COPIIMUNITY TRUST
(A Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash flows from operating activities
Net cash used in operaling activities
34,175
106, 832
Cash flows from Investlng acllvltles
Purchase of tangible fixed assets
Proceeds from sale of investments
(3.3211
145,222
(19,307)
75, 693
(28,433)
Purchase of investments
Net cash provlded by Investlng actlvltles
141,901
27,953
Cash flows from flnanclng actlvities
Net cash provlded by flnanclng actlvltles
Change In cash and Cash equlvalents In the year
Cash and cash equivalents at the beginning of the year
176,076
134,785
638,048
503, 263
Cash and cash equivalents at the end of the year
814,124
638,048
The notes on pages 18 to 31 form part of these financial statements
Page 17

CASE COMMLINITY TRUST
IA Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General information
Case Community Trust (company number.. 09360904), having its registered office and trading address al
The Lyons Community Centre. 33a Mallard Crescent, Caddington, Luton, Bedfordshire, LU1 4FG, is a
private chaiilable company limited by guarantee. incorporated in England and Wales.
Accountlng poll¢les
2.1 Basls of preparatlon of flnanclal statements
The financial slalements have been prepared in accordance with the Charities SORP (FRS 1021
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 IFRS 102) (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Case Community Trust meets the definition of a public benefil entity under FRS 102. Assets and
liabilities are initially recognised at histoncal cost or Iransaction value unless otherwise stated in the
relevant accounting policy.
2.2 Income
All income is recognised once the charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income included grants and income from investments which included rental income.
Grants are included in the Statemenl of Financial Activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance Sheel. Where income is received in advance of entillemenl of receipt, ils
recognition is deferred and included in credilors as deferred income. Where entitlement occurs
before income is received, the income 15 accrued.
Income from investments is recognised to the extent that it 15 possible that the economic benefits will
flow lo the charity and the turnover Can be reliably measured. Income is measured as the fair value
of the consideration received or receiveable.
Incoming resources from charitable Irading activity is accounted for in the period in which is it
receivable k)eing when the hire of the community cenlre lakes place.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit lo a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of Ihe obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct cosls attribLJlable lo a single
activity are allocated directly to Ihal activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned between those
activities on a basis consistent wlh Ihe use of resources. Central staff costs are allocated on the
basis of time spent. and depreciation charges allocated on the portion of the asset's use.
Page 18

CASE COMMUNITY TRUST
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles (continued)
2.3 Expendlture (continued)
Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its
Charilable purposes and includes cosls of all fundraising activities evenls and non-charitable trading.
Expenditure on charilable activities is incurred on directly undertaking the activities which furlher the
harity's objectives. as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity,. this is normally upon nolification of the interest paid or payable by the
institution with whom the funds are deposited.
2.5 Tangible flxed assels and depreclallon
Tangible fixed assets costing £250 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model,
tangible fixed assets are measured at cost less accumulated depreciation and any accumulated
impairment losses. All costs incurred lo bring a tangible fixed asset into its intended working
condition should be included in the measurement of cost.
Depreciation is charged so as to allocate Ihe cost of langible fixed assets less their residual value
over their estimated useful lives.
Deprecialion is Provided on the following basis=
Long life assets
Fixtures and fittings
Electrical equipment
40A straight line
300A reducing balance
400A reducing balan
2.6 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cosl and subsequently measured at fair value at the Balance Sheet dale, unless the
value cannot be measured reliably in which case il is measured al cosl less impairmenl. Investment
gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Losses)
on investments, in the Statement of Financial Aclivities.
2.7 Debtors
Trade and other debtors are recognised at the setllement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 19

CASE COMMUNITY TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles (contlnued)
2.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investments wilh a short
maturity of three months or less from Ihe dale of acquisition or opening of the deposit or similar
account.
2.9 Llabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event. it is probable thal a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably.
Liabilities are recognised al the amount that the charily anticipates il will pay to settle the debt or the
amount il has received as advanced pa￿nentS for the goods or services it musl provide.
Provisions are measured al the best estimate of the amounts required lo settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rale that reflects the risks specific lo the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.10 Flnanclal Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised al transaction value and
subsequently measured at Iheir settlement value with the exception of bank loan5 which are
subsequently measured at amortised cost using the effective interest method.
2.11 Fund accountlng
General funds are unreslricted lunds which are available for use at the discrelion of the Trustees in
furtherance of the general objectives of the charity and which have nol been designated for other
purposes.
Investment income. gains and losses are allocated to the appropriate fund.
Income from donations and legacles
Unrestri¢ted
funds
2024
Total
funds
2024
Tof81
funds
2023
Local council grants
21,789
21,789
5,358
Total 2023
5,358
5,358
Page 20

. CASE COMMUNITY TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from charitable activities
Unrestrlcted
funds
2024
Total
funds
2024
Total
lunds
2023
Income from community centre lettings
Other income
79,959
13,990
79,959
13,990
75,074
1,021
93,949
93,949
76,095
Total 2023
76,095
76,095
Investment income
Unrestrlcted
funds
2024
Total
funds
2024
Tolal
funds
2023
Local investment property income
Interest income
454,802
6.668
454,602
6,668
461,808
361
461,270
461,270
462, 169
To¢al 2023
462, 169
462, 169
Page 21

. CASE COMMUNITY TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment management costs
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Management fees
Repairs and maintenance
64,305
34,739
64,305
34,739
71,899
21,061
99,044
99,044
92. 960
Total 2023
92,960
92,960
Analysis of expendlture on charltable actlvltles
Summary by fund type
Unrestrlcted
funds
2024
Total
2024
Tofal
2023
Facilities management
Community centre
Community services
Bus services
Support cosls
71,980
98,275
71,980
98,275
86,544
107,009
153
174,938
146,738
174,938
146,738
107, 705
95, 205
491,931
491,931
396,016
Tofal 2023
396,016
396,016
Page 22

.. CASE COMMUNITY TRUST
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure by activities
Activitles
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
FaGililies management
Community centre
Communily services
Bus services
71,980
98.275
71,980
98.275
86,544
107,009
153
174,938
174,938
146,738
107. 105
95,205
Support costs
146,738
345,193
146,738
491,931
396,016
Tot812023
300,811
95, 205
396,016
Analysls of dlrect costs
Facilities
managemen Communlty Community
centre
servlces
2024
2024
Bus
services
2024
Total
funds
2024
Total
funds
2023
2024
staff costs
Insurance
Community
initiatives
Landscape
management
Centre operation
Depreciation
Bus Service
Legal and
profesional
39,913
236
39,913
445
49, 797
198
209
153
67,492
67,492
16,220
45,272
174,938
82, 105
17,640
43, 654
107, 105
16,220
40,993
4,279
174.938
913
913
159
71,980
98,275
174,938
345,193
300,811
Tot812023
86,544
107,009
153
107,105
300,811
Page 23

CASE COMMUNITY TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysls of expendlture by activities Icontlnued)
Analysls of support costs
Support
costs
2024
Total
funds
2024
Total
funds
2023
Staff costs
Insurance
Council lax
3,235
1.009
103
63.643
13,030
1.273
3,438
3,764
5,184
780
3,235
1,009
103
63,643
13,030
1,273
3,438
3,764
5,184
780
49,236
1,359
Legal and profesional
Auditors, remuneration
Trust insurance
Sundry expenses
Marketing & webhosting
Office and stationery
Volunteer training and expenses
Repairs and maintenance
Heal and light
Consultancy fees
6,381
7,400
f,257
4,655
8,449
4,641
311
2,742
9,057
39,480
2,742
9,057
39,480
2,819
8,697
146,738
146,738
95,205
Total 2023
95,205
95, 205
Audltors. remuneratlon
2024
2023
Fees payable to the charitys auditor for the Sudil of the charitys annual
acGounts
6,500
5,610
Page 24

CASE COMMUNITY TRUST
(A Gompany Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10.
staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
42,429
95,122
2, 435
1,476
719
43,148
99,033
During the year, a sum of £22.050 was paid to an employee in full and final settlement following an
employment tribunal claim. It should be noted thal there was no admission of liability by the Charity. The
trustees took the decision lo setlle the daim based on legal advice. consideration of the time commitment
that would be placed upon unpaid voEunteer truslees. the potential cost of professional assistance and the
unpredictabilily of a hearing.
The average number of persons employed by the charity during the year was as follows:
2024
2023
No.
Employees
No employee received remuneration amounting to more than £60,000 in either year.
11. Trustees, remuneratlon and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 March 2024. no Trustee expenses have been incurred (2023 - £NIU.
12. Tangible fixed assets
Long Ilfe Fixtures and
assets
flttlngs
Electrical
equipment
Total
Cost or valuatlon
At 1 April 2023
Additions
Disposals
1,131,968
29,165
3,021
28,331
300
(4701
1,189,464
3.321
{470)
At 31 March 2024
1,131,968
32,186
28,161
1,192,315
Page 25

CASE COMMUNITY TRUST
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12. Tangible fixed assets {continued
Long life Fixtures and
assets
flttlngs
Electrical
equipment
Tolal
Depreclatlon
At 1 April 2023
Charge for the year
On disposals
122,833
34,278
18,607
3,665
10,819
7,328
14701
152,259
45,271
1470}
At 31 March 2024
157,111
22,272
17,677
197,060
Net book value
At 31 March 2024
974,857
9,914
10,484
995,255
At 31 MarGh 2023
1,009, 135
10,558
17,512
1,037,205
Included within Freehold property is freehold land al a cost of £150.000 (2023.. £150,000) which is not
depreciated,
13.
Investment property
Freehold
Investment
proparty
Valuation
At l April 2023
Surplus on revaluatlon
17,478,500
176,500
Al 31 March 2024
17,655,000
The value of the properties have been considered by the Trustess in reference to external valuations and
market dala,
Page 26

CASE COMMUNITY TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14.
Debtors
2024
2023
Due wlthin one year
Trade debtors
other debtors
Prepayments and accrued income
40,882
22,674
11,141
43,213
20,512
7.392
74,697
71,117
15.
Credltors: Amounts falllng due within one year
2024
2023
Trade creditors
Other creditors
Accruals and deferred income
28,911
8,606
38,500
31,035
7,441
31,090
76,017
69, 566
Page 27

CASE COMMUNITY TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16.
statement of funds
Statement of funds - current year
Balance at
31 March
2024
8alance at I
April 2023
Transfers
Inlout
Galnsl
{Lossesl
Income Expenditure
Un restricted
funds
General Funds
Designated
social
investments
fund
Designated
other assels
fund
819,228
577.008
(556,6971
(26,7351
812,804
17,478,500
176,500 17,655,000
1,002,798
{34,278)
26,73S
995,255
19,300,526
577,008
(590,975)
176,500 19,463,059
statement of funds - prlor year
8alanre al
31 March
2023
Balance al
1 April 2022
Gain
(Loss8s)
Income Expendiliire
Unrestrlcted funds
General Funds
Designated social investments
fund
Designated other assets fund
729.017
550,900
(452, 601)
(8,088)
819,228
16,697.750
1,046,451
780, 750 17, 478, 500
1,002, 798
(43, 653)
18,473,218
550,900
(496, 254)
772, 662 19, 300,526
Page 28

.CASE COMMUNITY TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17.
Analysls of net assets between fund5
Analysls of net assets between funds - current period
Un restricted
funds
2024
Total
funds
2024
Tangible fixed assets
Inve51menl property
Current assets
Creditors due within one year
995,255
996.255
17,655,000 17.656,000
888,821
888.821
176,0171
{76,0171
Total
19,463,059 19,463,059
Analysls of net assets between funds prior period
Unrestricted
funds
2023
Tolal
funds
2023
Tangible fixed assets
Fixed asset investments
Inveslmenl property
Current assets
Creditors due wilhin one year
1,037,205
1,037,205
145,222
145, 222
17,478,500 17,478,500
709, 165
709, 165
(69,566)
(69, 566)
Total
19,300, 526 19,300, 526
Page 29

CASE COMMUNITY TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18.
Reconciliation of net movement In funds to net cash flow from operating activltles
2024
2023
Net incomelexpendilure for the period {as per Statement of Financial
Aclivilies)
(13,9671
54.646
Adjustments for:
Depreciation charges
Increase in debtors
Increase in creditors
45,271
(3,5801
6,451
43, 653
(13,28t)
21,814
Net cash provlded by operating activltles
34,175
106,832
19. Analysls of Cash and cash equlvalents
2024
2023
Cash in hand
814,124
638,048
Tolal cash and cash equlvalents
814.124
638,048
20. Analysis of changes In net debt
At 1 Aprll
2023 Cash flows
At 31 March
2024
Cash at bank and in hand
638,048
176,076
814,124
638,048
176,076
814,124
Page 30

..CASE COMMUNITY TRUST
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
21.
Related party transactions
During the year, the Charity has engaged the services of Village Garden SeNices Limited for ongoing
maintenance services lotalling £65,830 (2023.. £53,313). One of the Trustees, M.Russell, is a director of
this company. The Iiansactions were at arms length.
At 31 March 2024 there was £4,324 outstanding included within trade creditors (2023.. £3,197).
During the year, the Charily received income from Embrace & Encourage Education CIC for room hire
totalling £17,909 {2023.' £17,016). One of the Trustees, D James, is a director of this company. The
transactions were at arms length.
At 31 March 2024 there was no outstanding balance included within trade credilors12023'. £Nil).
Page 31