2025-03-31-accounts

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 2025

CASE COMMUNITY TRUST

(A Company Limited by Guarantee)

CONTENTS

	Page
Reference and Administrative Details of the Charity, its Trustees and Advisers	1
Trustees' Report	2 - 9
Independent Auditor's Report on the Financial Statements	10 - 13
Statement of Financial Activities	14
Balance Sheet	15 - 16
Statement of Cash Flows	17
Notes to the Financial Statements	18 - 31

(A Company Limited by Guarantee)

CASE COMMUNITY TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees	S Baird (resigned 4 July 2025)
	M Russell
	R Gray
	S Patterson
	A Barnes (nee Jackson)
	D James
	V Malone (resigned 15 July 2024)
	Y St. John
	J N Young
	P Crawley (appointed 5 December 2024)
	M Peters (appointed 10 December 2024)
Company registered number 09360904 Charity registered number 1166966 Registered office The Lyons Community Centre 33a Mallard Crescent Luton Bedfordshire LU1 4FG Company secretary K Collins Independent auditor Streets Audit LLP Basepoint Business and Innovation Centre 110 Butterfield Great Marlings Luton LU2 8DL

Page 1

CASE COMMUNITY TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report together with the audited financial statements of the charity for the 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that 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 (SORP) 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 Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The principal objective of the charitable Company as set out in the governing document 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 setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Activities undertaken to achieve objectives

The activities to be undertaken to achieve the charitable Company's objectives include:

• the provision of housing for those who are in conditions of need and the improvement of housing in the public sector or in charitable ownership provided that such power shall not extend to relieving any local authorities or other bodies of a statutory duty 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 to all sections of the community without distinction including use for meetings, lectures and classes and/or other forms of recreation and leisure time occupations with the object of improving the conditions of life for all those who use the facilities;

• the provision or assistance in the provision of recreational facilities for the public at large and/or those who, by reasons of their youth, age, infirmity or disablement, poverty or social and economic circumstances, have need of such facility;

• the protection or conservation of the environment;

• the creation of training and employment opportunities by the provision of workspace, buildings and/or 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 time to time be determined subject to prior consent of the Charity Commission.

Page 2

CASE COMMUNITY TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Objectives and activities (continued)

c. Strategies for achieving objectives

Strategies actively deployed during the year under review:

• to own and procure the management of affordable housing;

• to own and manage the community facilities in the short and/or long term (In order to maintain good relations with our immediate neighbours the Trust has established various policies for the use of the Community Centre including setting a cap on the maximum income to be generated in any year);

• • to own and maintain a multi-use games area;

• to 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 service; and

• employ and pay full-time and part-time staff (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 trustees/directors.

Strategies not actively deployed in the year but 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 for 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 to grant licences, options, rights and privileges in respect of, or otherwise deal with, all or any part of the property and rights of the company;

• to construct, maintain and alter buildings or erections; and

• to co-operate and enter into arrangements with any authorities, international, national, local or otherwise.

Achievements and performance

a. Review of activities

The Caddington Woods estate has been fully built out for some time now, although the developers have not yet completely exited 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 within the wider community of the two civil parishes.

In the financial year under review, it has:

• continued to refine the organisational structure, policies and procedures. The full suite of policies have been reviewed and a programme is in place to update where deemed necessary in the next year.;

• engaged with various hirers to ensure that a rich and varied mix of activities take place at the Community 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 authority (Central Bedfordshire);

• sustained the bus service 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 these areas encompasses making sure they are kept safe and attractive but also considering future opportunities for enhancement;

• reviewed and adopted revised rental rates for the Trust owned properties and also for use of the Community Centre facilities;

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CASE COMMUNITY TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

• carried out remedial work to address poor garden drainage on a number of the Trust owned properties;

• • further development of our working relationship with the managing agent (Central Bedfordshire Council’s “LetsRent” private lettings team) to look after our forty-six rental properties on the estate and the tenants living in those properties.

b. Fundraising activities and income generation

The trust owns a total of 46 residential properties, in line with the original intentions. As the estate is now fully built out, our housing stock portfolio is considered to be complete.

Income generation is primarily from affordable housing donated to the charitable Company. The total amount received from rental income was £454,609 (2024: £454,602).

The secondary source of income is the hire charges generated by the Lyons Community Centre, which totalled £78,164 (2024: £79,959). The trust also rebills the cost of the Saturday service on the 230 bus to Central Bedfordshire Council, receiving support totalling £23,687 (2024: £21,789).

c. Investment policy and performance

As set out in the governing document, the charitable Company can invest the monies of the charitable Company not immediately required for its objectives in investments, securities or property as may be thought fit.

As reported previously the trust have continued to place retained cash in a selection of reserve accounts and notice-required deposits to generate interest on the cash balances held. The value of cash held in these accounts at the balance sheet date was £752,672 (2024 £784,940).

Subsidiary companies can also be established to assist or act as agents for the Company and can acquire and hold shares, stocks, debentures, debenture stock or other securities or obligations of any other company. Currently no option has been activated to make use of this provision.

Financial review

a. Going concern

Usage of the Community Centre 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 to attract whilst maintaining steady income levels.

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 this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 4

CASE COMMUNITY TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

b. Reserves policy

The charitable Company will hold sufficient reserves to meet its needs.

The total reserves held by the charity at 31 March 2025 were £19,133,736 (2024: £19,463,059). Of these reserves, there is a designated fund of £18,361,618 (2024: £18,650,255) which relates to investment properties and other tangible fixed assets donated. The remaining level of free reserves are £772,116 (2024: £812,804).

The Trustees have acknowledged that a minimum level of free reserves is required against unfunded salaries / core running costs in a period of recovery should there be a significant incident which impacts on income. The appropriate level of reserves is considered to be up to one year of relevant costs which has been assessed at £70,000 (2024: £85,000).

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 perimeter fence around the estate;

• Refurbishment and repurposing of the redundant brick buildings nearer the northern 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.

In addition to the major projects cited above, it is also acknowledged that our income generating assets (the housing stock and the Community Centre) are anticipated to 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. Principal 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 tranches during earlier years. Rental income from these houses will be used to meet the charitable Company’s objectives.

Structure, governance and management

a. Constitution

The company 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 Lyons Community Centre 33a Mallard Crescent Caddington, Luton Bedfordshire LU1 4FG

Page 5

CASE COMMUNITY TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management (continued)

b. Methods of appointment or election of Trustees

The management of the charitable Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

The Trust has now completed the “transitional period”, such that the Board shall now consist of at least three and not more than eleven individuals comprised as follows:

• up to two Central Bedfordshire Council trustees;

• one Slip End Parish Council trustee;

• one Caddington Parish Council trustee; and

• up to seven community trustees.

The charitable Company must ensure that the community trustees shall at all times be in the majority. Trustees are nominated by the different groups mentioned above and the period of appointment is decided at this time. The appointment becomes effective when it is given in writing to the Chair.

The trustees put forward by Central Bedfordshire Council or either of the two Parish Councils will not be subject to the retirement by rotation provisions set out in the Act and shall continue to act as a trustee until:

• a new trustee has been nominated in their place;

• 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 Government and Public Involvement in Health Act 2007.

Any person who is willing to act as community trustee, and is permitted by law and the Articles to do so, may be appointed by:

• ordinary resolution; or

• decision of the trustees.

In selecting persons to be appointed as community trustees, the Trustees will take into consideration the benefits of appointing a person who is able to, by virtue of their personal or professional qualifications, make a contribution to the pursuit of the objectives or the management of the charitable Company.

Trustees will follow best practice in relation to trustee recruitment, including any guidance issued by the Charity Commission from time to time and will ensure that the process includes an open advert placed on community notice boards in the Parishes of Slip End and Caddington, as well as local community facilities.

Community trustees may be re-appointed by the Board at the end of each term of office.

c. Policies adopted for the induction and training of Trustees

Trustees are inducted and trained on a one-on-one basis within a standard framework according to their needs and experience.

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CASE COMMUNITY TRUST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management (continued)

d. Organisational 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 the charitable Company as required.

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 until 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 reelect the existing Chair or select another trustee to 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-committee.

The Trustees who served during the year were as follows:

Steven Baird (resigned 4 July 2025) Alison Barnes (née Jackson) Robert Gray Debbie James Victoria Malone (resigned 15 July 2024) Simon Patterson Mark Russell Yasmin St.John J Nigel Young Philip Crawley (appointed 5 December 2024) Mark Peters (appointed 10 December 2024))

e. Principal risks and uncertainties

The Trustees have updated the ‘Risk Register’ which has assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

f. Financial risk management

The Trustees have updated the Risk Register which has assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, 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 results and monitoring those results against budgets.

• Monitoring and review of the performance 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 Centre, including staff, 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 Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Plans for future periods

The Community Centre now has a diverse range of regular bookers and irregular hirers, and the Trust is keen to maintain this variety of different uses.

The appointment of a new Trust Manager has been key to the ongoing review and enhancement of how the Trust functions and supporting the Board in their governance role.

In 2023, the bus service was relaunched with a much more comprehensive and predictable service; this continued without modification into 2024 and following consultation minor timing changes are to be introduced early next year.

With all of our anticipated properties now in the ownership of the Trust, we are looking at 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.

Following a comprehensive survey and review of the Trust owned woodland remedial work is scheduled to be completed early next year to address the issues identified.

Options for renovation / use of the derelict buildings are expected to be put to the Board by the end of the year.

Statement of Trustees' responsibilities

The Trustees (who are also the directors 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 United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state 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 statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgments and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it 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 at any time the financial position of the charity and enable them to ensure that the financial statements comply with 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.

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CASE COMMUNrrY TRUST (A Company Limited by Guarnntee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Disclosure of inforniation to auditor Each of the persons who are Trustees at the time when this TTUStees' Report is approved has confinned that: so far as that Trustee is aware, there is no relevant audit information of which the charity's auditor is unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the chantys auditor is aware of that information. Audltor The auditor, Streets Audit LLP, has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meets'ng of the Trustees. Approved by order of the members of the board of Trustees and signed on their behalf by: R Gray Chair Date.. Page 9

(A Company Limited by Guarantee)

CASE COMMUNITY TRUST

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CASE COMMUNITY TRUST

Opinion

We have audited the financial statements of Case Community Trust (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, 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 2025 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance 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 to provide a basis for our opinion.

Conclusions relating to going 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 concern are described in the relevant sections of this report.

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CASE COMMUNITY TRUST

(A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S 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 Auditor's Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated 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, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement 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 to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

• the information given in the Trustees' Report is inconsistent in any material respect with the financial statements; 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 information and explanations we require for our audit.

Responsibilities 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 statements 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 statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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(A Company Limited by Guarantee)

CASE COMMUNITY TRUST

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CASE COMMUNITY TRUST (CONTINUED)

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that 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 always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, 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 with laws and regulations, was as follows:

• the engagement partner ensured that the engagement team collectively had the appropriate competence capabilities and skills to 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 sector 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 Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;

• we assessed the extent 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-compliance throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part 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 state to the charitable company's trustees those matters we are required to state to 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 audit work, for this report, or for the opinions we have formed.

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r/ CASE COMMUNITY TRUST (A Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CASE COMMUNITY TRUST (CONTINUED) ,fr& LLI LLP Streets Audit LLP Chartered Accountants and Statutory Auditor Basepoinl Business and Innovation Centre 110 Butterfield Great Marlings Luton LU2 8DL Date.. 0511112025 Streets Audit LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page 13

CASE COMMUNITY TRUST

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Total income Expenditure on: Raising funds 6 Charitable activities 7 Total expenditure Net movement in funds before other recognised gains/(losses) Other recognised gains/(losses): (Losses)/gains on revaluation of Investment Property Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2025 £ 23,687 78,164 479,365 581,216 188,045 467,496 655,541 (74,325) (255,000) (329,325) 19,463,059 (329,325) 19,133,734	Total funds 2025 £ 23,687 78,164 479,365 581,216 188,045 467,496 655,541 (74,325) (255,000) (329,325) 19,463,059 (329,325) 19,133,734	Total funds 2024 £ 21,789 93,949 461,270 577,008 99,044 491,931 590,975 (13,967) 176,500 162,533 19,300,526 162,533 19,463,059

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.

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CASE COMMUNITY TRUST

(A Company Limited by Guarantee) REGISTERED NUMBER: 09360904

BALANCE SHEET AS AT 31 MARCH 2025

Note Fixed assets Tangible assets 12 Investment property 13 Current assets Debtors 14 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets	66,590 776,376 842,966 (70,850)	2025 £ 961,618 17,400,000 18,361,618 772,116 19,133,734 19,133,734 19,133,734	74,697 814,124 888,821 (76,017)	2024 £ 995,255 17,655,000
				18,650,255 812,804
				19,463,059
				19,463,059
				19,463,059

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CASE COMMUNITYTRUST (A Company Limited by Guarantse> REGISTERED NUMBER: 09360904 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 2025 2024 Note Charlty fund8 Restricted funds Unrestricted funds 16 16 19.133.734 19.463,059 Total funds 19,133.734 19.463,059 The entity was entrtled to exempts.on from audrt under section 477 of the Companies Act 2006. The members have not required the entty to obtsin an audit for the year in question in accordance with section 476 of the Companies Act 2006. However, an audit is required in accordance with section 144 of the Charities Act 2011. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. R Gray Chair Date.. The notes on pages 18 to 31 fom part of these financial statements. Page 16

CASE COMMUNITY TRUST

(A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Purchase of tangible fixed assets Proceeds from sale of investments Net cash (used in)/provided by investing activities Cash flows from financing activities Net cash provided by financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year The notes on pages 18 to 31 form part of these financial statements	2025 £ (27,453) (10,295) - (10,295) - (37,748) 814,124 776,376	2024 £ 34,175 (3,321) 145,222 141,901 - 176,076 638,048 814,124

Page 17

(A Company Limited by Guarantee)

CASE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. General information

Case Community Trust (company number: 09360904), having its registered office and trading address at The Lyons Community Centre, 33a Mallard Crescent, Caddington, Luton, Bedfordshire, LU1 4FG, is a private charitable company limited by guarantee, incorporated in England and Wales.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2019), 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 benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction 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 Statement 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 Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income from investments is recognised to the extent that it is possible that the economic benefits will flow to 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 trading activity is accounted for in the period in which is it receivable being when the hire of the community centre takes place.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the 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 costs attributable to a single activity are allocated directly to that 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 with the 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.

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(A Company Limited by Guarantee)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.3 Expenditure (continued)

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

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 to 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 the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Long life assets - 4% straight line Fixtures and fittings - 30% reducing balance Electrical equipment - 40% reducing balance

2.6 Debtors

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

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of six months or less from the date of acquisition or opening of the deposit or similar account.

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(A Company Limited by Guarantee)

CASE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.8 Liabilities 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 that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to 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 rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.9 Financial 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 at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Local council grants Total 2024	Unrestricted funds 2025 £ 23,687 21,789	Total funds 2025 £ 23,687 21,789	Total funds 2024 £ 21,789

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CASE COMMUNITY TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4. Income from charitable activities

Income from community centre lettings Other income Total 2024	Unrestricted funds 2025 £ 78,164 - 78,164 93,949	Total funds 2025 £ 78,164 - 78,164 93,949	Total funds 2024 £ 79,959 13,990 93,949

5. Investment income

Unrestricted funds 2025 £ Local investment property income 454,609 Interest income 24,756 479,365 Total 2024 461,270	Total funds 2025 £ 454,609 24,756 479,365 461,270	Total funds 2024 £ 454,602 6,668 461,270

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CASE COMMUNITY TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6. Investment management costs

Management fees Repairs and maintenance Total 2024	Unrestricted funds 2025 £ 65,162 122,883 188,045 99,044	Total funds 2025 £ 65,162 122,883 188,045 99,044	Total funds 2024 £ 64,305 34,739 99,044

7. Analysis of expenditure on charitable activities Summary by fund type

Facilities management Community centre Bus services Support costs Total 2024	Unrestricted funds 2025 £ 61,106 101,700 200,700 103,990 467,496 491,931	Total 2025 £ 61,106 101,700 200,700 103,990 467,496 491,931	Total 2024 £ 71,980 98,275 174,938 146,738 491,931

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CASE COMMUNITY TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Analysis of expenditure by activities

Facilities management Community centre Bus services Support costs Total 2024	Activities undertaken directly 2025 £ 61,106 101,700 200,700 - 363,506 345,193	Support costs 2025 £ - - - 103,990 103,990 146,738	Total funds 2025 £ 61,106 101,700 200,700 103,990 467,496 491,931	Total funds 2024 £ 71,980 98,275 174,938 146,738 491,931

Analysis of direct costs

Staff costs Insurance Landscape management Centre operation Depreciation Bus Service Legal and profesional Total 2024	Facilities managemen t 2025 £ - 209 56,618 - 4,279 - - 61,106 71,980	Community centre 2025 £ 39,474 236 - 22,319 39,653 - 18 101,700 98,275	Bus services 2025 £ - - - - - 200,700 - 200,700 174,938	Total funds 2025 £ 39,474 445 56,618 22,319 43,932 200,700 18 363,506 345,193	Total funds 2024 £ 39,913 445 67,492 16,220 45,272 174,938 913 345,193

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(A Company Limited by Guarantee)

CASE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Support costs 2025 £ Staff costs 45,491 Insurance 1,065 Council tax 103 Legal and profesional 4,123 Auditors' remuneration 12,600 Trust insurance 1,618 Sundry expenses 6,612 Marketing & webhosting 4,062 Office and stationery 4,728 Volunteer training and expenses 724 Repairs and maintenance 10,460 Heat and light 7,939 Consultancy fees 4,465 103,990 Total 2024 146,738 9. Auditor's remuneration Fees payable to the charity's auditor for the audit of the charity's annual accounts	Total funds 2025 £ 45,491 1,065 103 4,123 12,600 1,618 6,612 4,062 4,728 724 10,460 7,939 4,465 103,990 146,738 2025 £ 6,750	Total funds 2024 £ 3,235 1,009 103 63,643 13,030 1,273 3,438 3,764 5,184 780 2,742 9,057 39,480 146,738 2024 £ 6,500

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(A Company Limited by Guarantee)

CASE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. Staff costs

Wages and salaries Social security costs Contribution to defined contribution pension schemes	2025 £ 81,224 1,976 1,765 84,965	2024 £ 42,429 - 719
		43,148

The average number of persons employed by the charity during the year was as follows:

	2025	2024
	No.	No.
Employees	4	4

No employee received remuneration amounting to more than £60,000 in either year.

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).

12. Tangible fixed assets

Cost or valuation At 1 April 2024 Additions Disposals At 31 March 2025	Long life assets £ 1,131,968 - - 1,131,968	Fixtures and fittings £ 32,186 6,655 (709) 38,132	Electrical equipment £ 28,161 3,640 - 31,801	Total £ 1,192,315 10,295 (709) 1,201,901

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CASE COMMUNITY TRUST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

12. Tangible fixed assets (continued)

Depreciation At 1 April 2024 Charge for the year On disposals At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024	Long life assets £ 157,111 34,279 - 191,390 940,578 974,857	Fixtures and fittings £ 22,272 4,463 (709) 26,026 12,106 9,914	Electrical equipment £ 17,677 5,190 - 22,867 8,934 10,484	Total £ 197,060 43,932 (709) 240,283 961,618 995,255

Included within Freehold property is freehold land at a cost of £150,000 (2024: £150,000) which is not depreciated.

13. Investment property

Valuation At 1 April 2024 Surplus on revaluation At 31 March 2025	Freehold investment property £ 17,655,000 (255,000) 17,400,000

The value of the properties have been considered by the Trustess in reference to external valuations and market data.

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(A Company Limited by Guarantee)

CASE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14. Debtors

Due within one year Trade debtors Other debtors Prepayments and accrued income	2025 £ 51,596 2,523 12,471 66,590	2024 £ 59,549 4,007 11,141
		74,697

15. Creditors: Amounts falling due within one year

Trade creditors Other taxation and social security Other creditors Accruals and deferred income	2025 £ 29,305 3,433 8,340 29,772 70,850	2024 £ 28,911 - 8,606 38,500
		76,017

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(A Company Limited by Guarantee)

CASE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16. Statement of funds

Statement of funds	Statement of funds
Statement of funds - current year Balance at 1 April 2024 £ Income £ Unrestricted funds General Funds 812,804 581,216 Designated social investments fund 17,655,000 - Designated other assets fund 995,255 - 19,463,059 581,216 Statement of funds - prior year Balance at 1 April 2023 £ Income £ Unrestricted funds General Funds 819,228 577,008 Designated social investments fund 17,478,500 - Designated other assets fund 1,002,798 - 19,300,526 577,008		Expenditure £ (611,609) - (43,932) (655,541) Expenditure £ (556,697) - (34,278) (590,975)	Transfers in/out £ (10,295) - 10,295 - Transfers in/out £ (26,735) - 26,735 -	Gains/ (Losses) £ - (255,000) - (255,000) Gains/ (Losses) £ - 176,500 - 176,500	Balance at 31 March 2025 £ 772,116 17,400,000 961,618 19,133,734
					Balance at 31 March 2024 £ 812,804 17,655,000 995,255 19,463,059
Unrestricted funds General Funds Designated social investments fund Designated other assets fund	Balance at 1 April 2023 £ 819,228 17,478,500 1,002,798 19,300,526

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(A Company Limited by Guarantee)

CASE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds 2025 £ Tangible fixed assets 961,618 Investment property 17,400,000 Current assets 842,966 Creditors due within one year (70,850) Total 19,133,734 Analysis of net assets between funds - prior year Unrestricted funds 2024 £ Tangible fixed assets 995,255 Investment property 17,655,000 Current assets 888,821 Creditors due within one year (76,017) Total 19,463,059 18. Reconciliation of net movement in funds to net cash flow from operating activities 2025 £ Net expenditure for the year (as per Statement of Financial Activities) (74,325) Adjustments for: Depreciation charges 43,932 Decrease/(increase) in debtors 8,107 Increase/(decrease) in creditors (5,167) Net cash provided by/(used in) operating activities (27,453)

Total funds 2025 £ 961,618 17,400,000 842,966 (70,850) 19,133,734 Total funds 2024 £ 995,255 17,655,000 888,821 (76,017) 19,463,059 2024 £ (13,967) 45,271 (3,580) 6,451 34,175

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(A Company Limited by Guarantee)

CASE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

19. Analysis of cash and cash equivalents

Cash in hand Total cash and cash equivalents	2025 £ 776,376 776,376	2024 £ 814,124
		814,124

20. Analysis of changes in net debt

Cash at bank and in hand	At 1 April 2024 £ 814,124 814,124	Cash flows £ (37,748) (37,748)	At 31 March 2025 £ 776,376 776,376

21. Contingent liabilities

At the reporting date the Charity was part of an outstanding legal case. This case could result in a liability payable by the Charity, however at this point it is not possible to reliably estimate any liability arising from the case, nor predict the outcome of the case. It should be noted that whatever the outcome of the case it will have no impact on the Charity ability to continue in the future.

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(A Company Limited by Guarantee)

CASE COMMUNITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

22. Related party transactions

During the year, the Charity has engaged the services of Village Garden Services Limited for ongoing maintenance services totalling £53,711 (2024: £65,830). One of the Trustees, M.Russell, is a director of this company. The transactions were at arms length.

At 31 March 2025 there was no outstanding balance included within trade creditors (2024: £4,324).

During the year, the Charity received income from Embrace & Encourage Education CIC for room hire totalling £19,994 (2024: £17,999). One of the Trustees, D James, is a director of this company. The transactions were undertaken at an arms length.

At 31 March 2025 there was no outstanding balance included within trade debtors (2024: £Nil).

During the year, the Charity paid R.VOS Productions Ltd for promotional work totalling £556 (2024: £Nil). The director of this company is the son of the Charity's Trust Manager and Company Secretary. The transactions were undertaken at an arms length.

At 31 March 2025 there was no outstanding balance included within trade creditors (2024: £Nil).

During the year, one of the Trustees, D James, was invoiced by the charity for rent of £12,180, this was in relation to one of the properties held within Investement Properties on the Balance Sheet. The transactions were undertaken at an arms length.

At 31 March 2025 there was a balance of £1,027 included within trade debtors (2024: £Nil).

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