REGISTERED CHARITY NUMBER: 1184713 JETTY LANE C.I.O REPORT OF THE TRUSTEES AND FINANCIAL sTATEIEYTs FOR THE YEAR EYDED 31flJULY 2020
JETTY LANE C.I.O CONTENTS OF THE FINAYCIAL STATEMEIYTS for the Year Ended 31" July 2020 Page Reference and Administrative Dethils Report of the Truslees Independent Examiners RerM)rt Statement of Financial A¢iivili¢$ Sta¢emen¢ of Financial Posilion Notes io the Financial Siaicments 9- 15
JETTY LANE C.I.O REFEREf4cE AND ADTrIIPilSTIL4TIVE DETAILS for the Year Ended 31" July 2020 Registered Charity number: 1184713 Registered Address: J¢tiy Lanc C.l.O 31 Hilly Fields Woodbridge Suffolk IP124DX TTilStees: Cari)line Pdg¢ Ichairl Caroline Rutherford Cordelia Richman Iresigned Maj. 20) P¢nny Rooney Amy Mallet (re.figned MIEll.h 20) Susan Cjray {ai)i)ninied Fehi'iian. 20) Carl sticklcy (aJ)J)i)inlc.d Ftbri¢ary' 20) Louis¢ NLwton {Tr¥'asur¢rl (uppointedjonuary 21) Independent exAminers: Larkingi (i()wcn LLP I C'layd()n Busincss Park GrL'ai BlakLnham Ip%wiLh Suffolk IP60NL Page I
JETTY LANE C.I.O REPORT OF THE TRUSTEES for the Year Ended 31" July 2020 Th¢ Tru5tc¢s pr¢s¢nt their annual r¢tKTrrt logcthcr wtth thc financial ststcmcnts of Jetty Lan¢ C.l.O for the year ended 31, July 2020. The Trustees confirtn that the annual report and financial statements of the cliarity comply 'ith th¢ curreni statutory requiremenis. the requiremenis of ihe chariry's governing document and Ihe provisions of the Stat¢m¢nt of R¢coJnrncndcd Practic¢ ISORP) applicabl¢ to charities preparing th¢ir accounts in accordance with the Financial Reportin&y Standard applicable in the UK and Republic of Ireland (FRS1021 (effective l Janudry 20191. STRUCTURE. GOVERNAP*CE AND MANAGEMENT OBJECTIVES AND ACTIVITIES To lurther or ben¢fJl th¢ r¢gid¢nlS of Wix)dbridg¢ and the neighbowhood. without dislin¢tion of s¢x. s¢xual oriet)taiion. race or of political. religious or other opinions by asclaI1rtg iogeiher the said residents and the local authorities. voluntary and othcr or¥anisaiions in a common cffort to advancc educaiion and to providc facilitics in the intcrcsts of SLxial wclfarc for re¢reaiion and leisure lime IK¢upation wilh the objeciive of improving the Condiliong of life for the regidents. STATUTORY DECLARATION The Trustees of Jetty Lane C.l.O confirni ihai ih¢y have paid due regard io ihe guidance issued by the Charity Commission on public bL'nefii in deciding whai aciiviiies ihe chariiy should undenake. RECRUITMENT AND APPOINTMENT OF TRUSTEES Thc minimum number of Irublees is Ihrcc. there is no maxiinum. Apart from thc firs¢ charily Irustccs, cvcry Iru%lee must iK' appoin¢Ld for a i¢mi of thr¢c y¢ars by a rcsolution pass¢d 81 a prop¢rly conv¢n¢d n)¢¢lLI)& of il)¢ ¢l)#rily iruslLL%. In %clccting individuals for appoinimcni as charity irnsiccs. the irusiecs have rcb>ard io Ihc 4kill%, knowlLdgyc and LXPLfiLllLL needid for the effcctive admini4lralion of Jetty Lanc C"IO. We CUTrcnily rccTui¢ on thc ba4is ol. r¢commLndation and adv¢rtise on our websltc. Onc¢ p)i¢niial new Iruslccs Jr¢ id¢niifi¢d a formal int¢rvicw proce55 lakes place. TRUSTEE INDUCTION AD TRAJNIYG A fornial process takes placc wherc background infomialion is provided in the forni of thc prcvious year's annual r¢port and financial 5tatcmcnls. minutcs of mc¢tings of th¢ triist¢¢s in tbc pVIOuS ycar and a Copy of thc Govcrning Do¢um¢nt Iconstitution). ACHIEVEMENT AND PERFORMANCE The Jetty Lane Trustees took ihe decision to convert from a Community Inleresl Company lo a Charitable Incorwrated Organisation in August 2019, willi thi5 comes increased regulation and requirement for transparency. It also brings the bcnefit ot. tax savings Eo we can ensure the fund5 received ale going Stiaight to the project as well as tl)e ability to appeal to different funding bodies 10 rdise the finances needed (o build ihe Lommunity centre. We were 5ucces5ful in %ecuting a grani from East SulTolk Council of £1 88.800 in June 2019 which was paid ii) Au¥u.%t 2019 to assist with lunding the iniiial building planning at]d design sthge. Receipi of Ihe funds allowed us lo push on with the planning and design stage of the projecl. A 3D model of the building was prixluced and variaiion io plans was submitted io make changes to heal sources and natural vcntilation, somcthing that .117 no doubt bc a rcquircmcnt post pandcmic. Wc havc bcncfitcd from thc ability to incorporat¢ n¢w building r¢gulathons into th¢ plans to ¢nsur¢ w¢ ar¢ ¢ovid saf¢ which will in¢Nhtably sav¢ inon¢y in the long run. Page 2
JETTY LANE C.I.O REPORT OF THE TRUSTEES for the Year Ended 31" July 2020 ACHIEVEMENT AND PERFORMAf4cE eonftnmed N¢w trust¢¢s wcr¢ rcmiitcd to th¢ board and a Council of Refffe¢ group comprising local p¢opl¢ who activcly support the project was sei up, LM)th increasing the scope of knowledge. skills. and experience of the group. Th¢ Council of R¢f¢r¢nc¢ group includ¢5 Accolnplishd. trust s¢nior individuals frotn differ¢nt backgrounds and sectors who are all working on a voluntary basis io help Jery Lane CIO achieve its mission. Members of ihe Council are kcy. stratcgic advisers io the Board of Trusrees on issues rhar will supp)n how thc Jcty Lane Projcct dciwclops ov¢r titne. Lockdown hit in March 20 whieh meant rhar opporniniiies for funding applications greacly reduced due to the Covid-19 pandemic as. undcrstandably. many irustsjfoundaiions have divcned ihcir funds to causes impactcd by thc virus. Jetry Lane was awarded ISSBA Chariry of rhe year in July 20. FUTURE DEVELOPMENTS A local busincssman very generously donaicd two activiry spaces madc of shipping conraincrs to enable us to continue assistingr lh¢ Lommuni¢y in thc abs'ence o(Ih¢ youih c¢ntr¢ dnd whilsl w¢ awaii ¢hc conslruclion ofihc ncw colliiiiunity ¢¢nir¢. The eagingi ofthe ILwkdown in July 20 allow¢d for the LoniainL'rg 10 be r¢furbishLd. W¢ have been rea¢hiii&i out to the community to Ica8C thcsc activily spaces and Coniainer Projec will bc taking on the tcnancy of one of these shortly. Other planned developments include revising ihc business plan and sourcing and applying for available grants. FINAf*CIAL REVIEW This linancial yLar has been very dilCUl1 for Jelly Lane as a resuli of Covid-19. WL have been unablc lo hold any cvcnts ¢0 in¢a5¢ awarcncss in ihc Community and raisc funds. Inslcad, wc havc bccn focuscd OT) prcparingj for gFrant appliLaiions once they arc open for applitation. We have also been working on re-launching thc Friends of Jetty Lane fundraising scheme. Funds required for the construction stage are a( leasi £3.Sm. with £271.516 funds raiscd to date. With £173,14(Tr available al the end ofihe finanLial year l£136.451 ofwhich are resiricled funds. £36,695 are unrestriLtedl, we have a lot of w'ork io do. Oncc the building is conslTucled and in use it should be self-sufficicnt with the coinincrcial space funding the community space. We had initially expected to raise thnds by aulumn 2020. We are currently reviewing our timeline in accordance with th¢ Bu8in¢ss Plan and cxpert th¢ ronstrurtion dat¢ to b¢ d¢lay¢d for at l¢ast 12 months. Th¢ busin¢ss plan is b¢ing reviewed and updaied to reflecl the impacl of ihe pandemic. RESERVES POLICY We have a clear picture of the funds available, running costs and ndS required. Monthly nnIng costs for crucial spend are currently extremely low and we have suffLCLent fund5 to coverover 12 tnonth8 of operation8. We have budget plans and cashflow in place and are moniioring spend on Ihe planning and design stage ofihe project. The [terYt policy will be updated once we move to the construction stage of the project as cashflow will be of significani importance then. Th¢ free r¢s¢rv¢s at th¢ yrar-cnd wcr¢ £36,695. Page 3
JETTY LANE C.I.O REPORT OF THE TRUSTEES for the Year Ended 31" July 2020 RISK MANAGEMENT Th¢ bigg¢st risk fac¢d by J¢tty Lan¢ is curr¢ntly th¢ r¢du¢¢d ability to rais¢ fid5 n¢¢ded to coinpl¢t¢ th¢ proj¢ct. Opponunities for funding applicaiions have greaily reduced due io ihe Covid-19 pandemic as. understsndably, many trustslfoundations hav¢ divcrtcd their funds to caus¢s itnpactcd by th¢ virus. Woodbridgc is not in an area of d¢privation, nor is it considered to be in a rural area. therefore w¢ are in¢liLyibl¢ to dpply for Thny gryants. Other considerations include how the demand for office space has changed as a result of the pandcmic. Wc will be monitorinb the mark¢t to und¢rstand the l¢v¢l of demand any irnpd¢t on pot¢ntial renlal rJt¢s. Once construction bcgins. the possible risks impacting the project will increase and arc rcvicwed regularly. Wc have the required insuran¢¢ in pla¢e 10 transfer the risk. GOING CONCERN The Tjusiees have engaged with The Council of Reference group and exiensive research has been carried out to quantify thc impact of Covid-19. Based on ihe findings, the Trusiecs have rcasonablc expectation thai the cliariiy has ul'licicnt linancial and capital re4erYcs to continue as a goin¥ concem ¥4nd have therefore prepared ihe financial siai¥m¢nis on lh¢ going ¢on¢¢rn basis. Lookingi ahcdd tv thc ncxl 12 months, thc Trus¢ccs havc a positivc ouilook with a rcncwcd ci)thusiasm lor thc projccl. Covid-19 and (he lockdown has highlighied IhL importance of social iniera¢iions. Th¢ cominunily centrL will addr¢ss those nccds which places us in a greai posiiion for successful grani applicaiions and communiiy fundraising. Page 4
JETTY LANE C.I.O REPORT OF THE TRUSTEES for the Year Ended 31" July 2020 STATEMEIYT OF TRUSTEES RESPONSIBILITIES Th¢ trust¢¢s ar¢ r¢sponsiblc for preparing the Report of th¢ Trust¢¢s and th¢ financial statcrncnts in accordan¢¢ with applicable law and Uniied Kingdom Accouniing Siandards (Uni1 Kingdom Generally Accepted Accounting Practicc). The law. applicable to charities in England and Wales requires the Trusiees to prepare financial sthiemenis for each financial year which give a true and fair vicw ofihc siaie of affairs of thc chariry and of its incoming rcsourccs and ppli¢ation of r¢sourc¢s, includingT 115 incom¢ and ¢xp¢ndilur¢. for that period. In prparing th¢s¢ fInn(la[ siaiemenis, Ihe Trustees are required io.. sclcci Suitable accounting policies and ihcn apply ihem consisrcnrly,. obscrvc the methods and principlcs of ihe Chariiies SORP IFRS 102),. make judgments and accounting cstimatcs ihai arc rcasonablc and prudent; state whether applicable UK Accounting Siandards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the finan¢ial siai¢m¢nts: PT¢par¢ th¢ finanLial 5tyl¢m¢nls th¢ bToinbi conc¢rn basis unl¢ss it is inappropriate to presume that the chariiy will continue in business. Th¢ Trusteeg ar¢ r¢spongibl¢ for keeping adequaie accounting records ihol are suffi¢ieni to show and explain the chariiy'.s transactions and disclose with reasonable accuracy ai any lime ihe financial posiiion of Ihc charity and cndblL thL'm io Ln%urL that the financial.¥taicments comply with ilic Charitics Ac¢ 2011 and tl)c Charity IAccount and RLpDrt%l RLgulJti()n% 21)08. They ar¢ also rcsponsiblc for safcuTuardinbi tl)¢ &4se¢s of ihc ch&rily and licn¢c lor iakingv rcasonable steps for the preveniion and dcicciion of fraud and other irregularities. Approved by ordcr of the members of the board of Trustees and signed on their behalf by.. Cllroline Rutherford Trubtee Date.. 26" May 2021 Page 5
Independent examlner's report to the trustees of Jettv Lane C.l.O J rcport to thc trustces on my cxamination of thc accounts of thc Jctty Lanc C.l.O for thc ycar cndcd 31 July 2020. Responsibilities and basis of report As thc rharity trustc¢s of th¢ TThst you ar¢ r¢sponsibl¢ for th¢ pr¢paration of th¢ accounts in a¢cordan¢¢ with th¢ requiremenis of ihe Charities Aci 2011 I'ihe Aci'}. I report in rcspcct of my examination of the Trust's accounts Corried oul und¢r section 145 of thc 2011 Act and in arryingT Out my exatnination I hay¢ followed all the applicable Directions giwen by the Charity Commission under section 14515)Ib} of the Aci. Independent examlner's statement I have completed my examination. I confimi that no material matters have come to my attcnrion in conncction with th¢ ¢xatnination &iiving me ¢aus¢ 10 believe that in any tnaierial r¢St.. accounting records wcrc not kcpl in respccl of the TTUSt as rLyuircd by section 130 of the Act. or 2. th¢ u¢¢ounts do not a¢Lord with those r¢¢ords: or Ihe accounts do not comply wilh the applicable requ1MentS concerning ihe forn) and conient of accounis get oui in thc C.hariiics (Aecounls and Reponsl Rcgulations 2(X)8 oihcr than any requircmcnt that thc accounts give a 'true and fair view which 15 nol a matter considered as part of an independenl examination. I have no concems and have come across no other mallers in conneciion with ihe examination to which attention should bc drawn in this report in order to enable a proper underslanding of ihe accounts lo bc rcachcd. Signed.. Dated.. 27 May 2021 Glles Kerkham FCA DChA Larking Gowcn LLP Charllrid Accountants I Cldyd()n Business Park GrLal Blakenham Ipswich Sul'lolk IPO ONL Page 6
JETTY LANE C.I.O STATEMENT OF FINAf4CIAL ACTIVITIES for the Year Ended Jl" Jul}. 2020 2020 Total 2019 Total Funds Unrestricted Restricted Fund Fund Nolcs INCOME FROM Donations Grants Fundraising incom¢ 11.142 872 2,443 10.144 3.000 21.286 3.872 2,443 15,624 192.360 2,441 Total 210425 EXPENDITURE Expenditure 8.507 34.270 42.777 44.898 Total NET IEXPENDITUREIIINCOME 165 527 Tr*nsfer between funds Net movement In funds 5.950 (21.1261 115.1761 165,527 RECONCILIATION OF FUiNDS Tot41 funds brought forward 30.744 157.578 188,322 22.795 TOTAL FUNDS CARRIED FORWARD 36.694 136.452 173 146 188.322 Page 7
JETTY LANE C.I.O STATEMEf*T OF FILYAIYCIAL POSITIOY At 31" July 2020 2020 2019 Not¢s CURRENT ASSETS Dcbtor5 Cash at bank and in hand 180.106 194.009 CREDITORS Ainoiints lallingJ duc within onc ycar NET CURRENT ASSETS 173.146 188.322 TOTAL ASSETS LESS CURRENT LIABILITIES 173.146 188.322 NET ASSETS 173 146 188,322 Unr¢.4iri¥lid fiinds ReslriLILd lunds 36.695 136.451 30.744 157.578 TOTAL FUNDS 173 146 188 322 Th¢ finan¢iAI siai¢m¢nts w¢r¢ approv¢d by th¢ Twsiees and were 5ign¢d on its behalf by: C'aroline Ruihcrlor Trustee Datc: 26, May 2021 Page 8
JETTY LANE C.I.O LYOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31" July 2020 ACCOUNTING POLICIES J¢tty Lan¢ C.l.O is a charity r¢st¢r¢d in England and Wal¢s, chan.ty T¢gistration nurnbcr 1184713. Thc principle office is 31 Hilly Fields, Woodbridge. Suffolk. IP12 4DX. Ba%1$ of preparlng tbe finanelal st*temtnts The financial statements have been prepared in accordance wilh ihe Chariiies SORP IFRS 102) - Accounting and Reporting by Charities.. Statement of Recommended Praciicc applicablc 10 charitics preparing thcir dLLounts in aL¢ordanc¢ with th¢ Financial R¢porting Stdnddrd applicabl¢ in lh¢ UK and Republic of Ir¢ldnd IFRS 1021 (Lffective l January 20191. Ihe Financial Re]K)rting Sthndard applicable in the UK and Republic of Ircland {FRS 102) and thc Chariiies Act 2011. The financial siaiemenis are presented in Sterling (£) which is ihe fvnctional currency of the charity and roundcd to thc nearesi £. Jeity Lane C.l.O meets the definiiion of a public benefit eniiry under FRS 102. Assets and liabilities are initially rccogniscd al historical cosi or iransaciion valuc unless oiherwisc statcd in the relevant accounting policy. Prlor year compHrlsons The Lntity was prLviously called Jeiiy Lane CIC and changed to Jetty Lane C.l.O (effective I. August 20191 thcTLforc, th¢ financial statcmcnls for ihc ycar cndcd 31 July 2019 wcrc prcparcd for ¢hc Community Iiitcrc%l C'ompany l('IC'I and follow¢d financial Report Standard appliable in thc UK and RLpublic of IrLland IFRS 11121. Thc accounts for the year ended 31 July 2020 are prepared for ihc Chariiable InCoorated Org)ani4ation IL101 and aTC prcparcd ¢0 comply wilh Charilics SORP I FRS 1021- Accounling? and RcportingT by Charitie4.' S¢ai¢Tncnt of RcLOnltn¢rtd¢d Praciicc. Th¢ ¢omparJli%'¢ fi&yur¢s hav¢ adjusi¢d wlilrc applicable ¢0 LOlI)pIy with ihL Charitics SORP. Comparaiives figures in¢lude a receipi of £188.800 of restri¢ted capital grani income which was not in¢luded in thL 2019 finanLial %iaiemeni.% a% a re%uli ofihc change in accouniing framework. Dcbtors and rLStriLILd fund% on thL Lomparniii'c balancc shecl are also increased by £188.11(M) comparcd to ihc 2019 C'IC. linancial statcmcnts. Thc opcning ncl asscts ar¢ inCr¢aS by th¢ samc amount. Mi¢r¢ arc no otlicr adjustmcnts to opcning reserves or comparative figures. Goln% ¢on¢ern After making appropriate enquiries. the Trstee have a reasonable expcctalion that the Charity has adcquate resources to continue in operational exisience for the foreseeable fulure. For this reason. Ihey continue lo adopl thc going conccrn ba5lS In thc pr¢paration ofthc financial stat¢m¢nts. Incorne All income is recognised in the Sthiemenl of Financial Activilies once the charity has entitlement to the funds, it 1.% probable that the income will be received. and the amount can be me&sured reliably. E%peMditllTe Liabilities are recognised as expenditure as SIn a5 there 15 a legal or con%tructive obligation comii)itting the charity io ihai expenditure, il is probable Ihai a Irdt]sfer of economic benefits will be required in seiileinent and the amount of the obligation can be measured reliably. Expendilure is accounled for on an accruals basis and has bccn classificd undcr h¢adings that aggr¢gat¢ all cost r¢lat¢d to th¢ cat¢gory. ExrKnditur¢ cost5 includ¢ th¢ cosi of irrecoverable VAT. Page 9
JETTY LANE C.I.O LYOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31" July 2020 ACCOUNTING POLICIES-continued Taxation The charity is exempt from tax on its charitsble activilics. Fund accounting Unrcstrictcd income funds are available for use at the discretion of the trustees in furtherance of the gcncral obj¢LtiV¢s of th¢ Charity. tksignaied income funds ar¢ unr¢strict¢d funds ¢armark¢d by th¢ trugt¢¢g for panicular purposes. R¢striLt¢d in¢om¢ funds are subjected to r¢stTi¢tions on their exIditYrC imposed by the donor or through the (ernis of an appeal. Flxed assets Project cos15 associated H'iih ihe consinjciion of the je Lan¢ ¢¢n(re will ¢apitslis¢d wh¢n ihere is sufficient likelihood that construction will proceed. Debtors TradL and other debtors are recognised at the selllemeni amouni after any trade discount offered. Prcpayments are valued at the amount prepaid nel of any trade discounts due. Cash at Bank and in hand Ca4h al bank and in hand includes cash and short Icm hi¥hly liquid investmcnl4 with a short maturity of three months or Icss from th¢ dai¢ of a¢quisilion or opcning of ihc dcposi¢ or similar accouni. Li4bilitie$ and provision$ Liabilitii% Jnd pr()I'i%iiin% arc re¢ognised where ihe ¢hority has a prtsent obligaiion resulting froin a past event that will probably rcsuli in ihc tran.%fcr of funds to a ihird party and thc amount duc to scttlc the oblib>dtion can be measurLd or L*timatcd reliably. Liabilities are recognised ai the amouni ihai the charity anticipates li will pay to settle the debt or the amount it hab received as advanced paymenis for the goods or services il must provide. Flnanclal Instruments The Lharily only has Iinancial assets and financial liabilities ofa kind ihal qualify as basic financial instruments. Basic financial instrumcnts arc initially cOgnis¢d at transaction valuc and subscqucntly incaSud at thcir Settlement value. Page 10
JETTY LANE C.I.O LYOTES TO THE FINANCIAL STATEMENTS- cof4Tif4UED for the Year Ended 31" July 2020 INCOME- CURRENT YEAR unreslricd Restricted Funds 2020 Funds 2020 Totsl Funds 2020 Donaiions 11.142 872 2,443 10,144 3,000 21,286 3,S72 2,443 Fundraising incom¢ Total 14,457 INCOME- PRIOR YEAR Unrestricted Rcs¢ric¢ed Funds 2019 Funds 2019 Total Funds 2019 Donations (jTants Fundraising in¢om¢ 15.624 3,560 2.441 15,fy24 192,360 2,441 188,800 Total 21.625 188.800 210,425 Page 11
JETTY LANE C.I.O LYOTES TO THE FINANCIAL STATEMENTS- COIYTINUED for the Year Ended 31" July 2020 EXPENDITURE 2020 2019 Support Costs= Legal and professional Indcpcndeni examiners remunerdlion Insurdn¢¢ Communicaiion Sundry expcnses 658 2.160 2,234 144 421 10.935 1.800 890 Building projeei cosis 31.976 31.122 Exp¢ndilur¢ on raising funds 5.184 TotAIs 42,777 44,11911 The charity had nil employees in the year12019- nil). TRUSTEE PAYMENTS & RELATED PARTY TRANSACTIONS 2020 2019 Cordclia Richman Project Managcmcni Scrviccs Totals The balance outstanding al the year-cnd for the above was £3.(KK) {2019- £nil). During the year, one trugtee received reimbursement of expenses rotalling £30612019- £112. two trustees), in regpect of a trustLL and volunteer appreciation even¢. There were no further payments to trustees or disclosable rclatcd party transactions. Page 12
JETTY LANE C.I.O LYOTES TO THE FINANCIAL STATEMENTS- cof4Tif4UED for the Year Ended 31" July 2020 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 Community Infrastructure Levy- East Suffolk County Council 188.800 Totals 188.800 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 Trad¢ Creditors Accruals 4.81NI 2.160 5.687 Totals 6.960 5.687 ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR Unreslricted Rcs¢ricicd Funds 2020 Fund5 2020 Total Funds 2020 CurrLni assLIs Creditors due within one year 43.655 16,960) 136.451 180,106 (6,960) Total 36,695 136451 173 146 ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Unrestricted Restricted Funds 2019 Funds 2019 Totsl Funds 2019 Current dssels Creditors due within one year 36.431 (5,687) 157,578 194,009 {5,687) Total 157 578 188322 Page 13
JETTY LANE C.I.O LYOTES TO THE FINANCIAL STATEMENTS- cof4Tif4UED for the Year Ended 31" July 2020 STATEMENT OF FUNDS-CURRENT YEAR Balance as Balancc as at 31 July 2020 Augusi 2019 Transfers itvout Income Exwiditure Unrcstrictcd fvnds 30.744 14.457 (8.507} 36,694 Restricted funds Fund I Fund 2 Fund 3 157.578 (31,626} 125,952 I O,I)IMI 500 136,452 10.000 3.144 13.144 157,578 (34,2701 Total of funds 188322 173 146 Fund l East Suffolk County Council Infrasirn¢wr¢ L¢ry Grani IClL}- r¢siricied (o ¢ov¢r costs for the initial building planning and design stage. Fund 2 - Killik Charitablc Trust - r¢sirici¢d to Consiruciion stage. Fund 3 - Suffolk County Council - restricied io fund promotional video. STATEMENT OF FUNDS- PRIOR YEAR Balance as Balance as at 31. July 2019 Augusl 2018 Transfers itvout Income Expenditure Unrestricted ndS 22.795 21,625 {13,676} 30,744 Rcstrictcd funds Fund I 188.800 188.8(X) 157 578 157578 31.222 Total of fund5 22.795 210.425 44.898 188 322 Fund l - East Suffolk County Council InfrastThcture Levy Granl (CIL)- restricted to cover costs for the initial building planning and design stage. Page 14
JETTY LANE C.I.O LYOTES TO THE FINANCIAL STATEMENTS- cof4Tif4UED for the Year Ended 31" July 2020 cor4TINGEf4T ASSET An agr¢¢m¢nt for th¢ grant of a l¢as¢ ov¢r th¢ sit¢ of th¢ FOr¢r Youth Club in Woodbridg¢ was mad¢ with Suffolk County Council on 6 Augusi 2019. The grani of ihe lease is subjeci to planning consent being granied by Suffolk Cogstal Districi Council for th¢ construction of a new cotntnunity building and associated funding beingT available for the construction of that building. As these conditions have not yet been Satisfied. rio Value for the lease is included on ihe Siaiemeni of Financial Position. The lease is for a tern) of 125 years and is at pcppcrcorn rent. Page 15