REGISTERED CHARITY NUMBER: 1184713 JETfY LANE C.I.O REPORT OF TItE TRUSTEES AND FThANCIAL STATEMENTS FOR THE YEAR ENDED 31'JULY 2024
JETfY LANE C.i.O ror the Year Ended 31° Juty 2024 Pag¢ RefaEnce 2nd Admirikntive Detsils Report of th¢ Tn Ststement of Financial Activities Ststement of Financial P(x4ttion Notes to the Financial Statements 8- 15
JETfY LANE C.LO REFERENCE AND AD[[NISTRATIvE DETAIIS for the Year Ellded 31° July 2024 Registered Charity Dumber. 1184713 Registered Addre&s: Jety L&ne C.l.O 31 Hilly Fields Woodbridge Suffolk JP12 4DX Trustees: Caroline Rutherford (Chair) Cordelia Richman Susa]) Grny Carl Stickley Deborah Alexander (Treasurer)
JET LANE Cio REPORT OF THE TRUSTEES for the Year Ended 31" Juty 2024 Th¢ Ttee8 present their annual retK)rt together with the fin8nci21 statents of Jetty IAne C.l.O forthe year ended 31 July 2024. The TrUe¢S confirn) that the annual r¢pM)rt and financial slatements of the charity comply with the current statutory requirements. the requiremeats of the ¢barity's governing do¢um¢nt and the provisions of the Statement of Recomm¢nded Practice (SORP) applicable to charities preparing their accounts in a¢¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective l January 2019). STRUCTURE. GOVERNANCE AND MANAGEMENr To fiwther or ben¢fit th¢ residents of W(KKlbridge and the neighbouthrf wvihout distlnction of sffj sexual orientation, race or of politi¢al, religious or other opinions by associating together the said residents and the local authorities. volunlary and other organisations in a common effort to advance education and to provide facilities in th¢ intetcsts of social welfare for recreation and leisure tim¢ occupation with the objective of improving the conditions of lrfe for the residents. STATUTORY DECLA114TION The Trustees of Jety Lane C.I.O confinn that have paid due reg8rd to the guidance issued by the Charity Cojnmission on public benefit in dectdin8 what activities the clwity should und¢rtake. REcRu1Lr AIYD APPOINTM OF TRUSTEES The mintmum number of Trustees is three. there ts no maximum. Apart from the Founder Trustees. every Trnstee must be appointed for a terni of three years by a resolution passed at a property convened meettng of thc charity Tn]stees. In selecting individuals for aptM)iDtm¢nt a5 charity Trustees. the Trustees have regard to the skills. knowl¢dge and experience needed for the effective administrdtion of Jetty tan¢ CTO. We currently recruit on the basis of recommendation and advertige on our website. Once tentIAl n¢w Trustees are identified a forntal int¢rview process takes place. TRUSTEE INDUCTION AND TRAINING A fonnaI process takes place where background information is provided in the forn) of the previous year's nual r¢port and financial statementy minut¢s of mectings of the Trn5es in the previous year and a copy of the Governing Document (Constitution). ACHtEVEMENf AND PERFORMANCE The activities of the charity for the year 01108f2023 - 31107r2024. Looking at the Jety tAn¢ sit¢ it dn't seem that the charity has ld a productive year but nevertheless th¢ TTUStees have IKen busy working in the background to move the prOjl forwards towards our goal of redeveloping th¢ sit¢ into something for w0(bridge to be proud of. The Trust¢¢s ntinUed to me¢t ¢ach month to discu&s and progtrss toward5 achieving our aims. In autumn 2023 we were intrcM4uced to a potentiat new parther for the Tedevelopment of the sit¢. and as a result a new relationship was formed with Mike Thompson CBF. Chairman of Childbase PaTtnmhips, a national chain of nurseries. New plans were drnwn up and a new design Produced for the work hub section of our site that will housc a brand new nursery for early y¢ars ¢hildr¢n. If this parknehaP go¢s ahfad it will unlock pot¢ntial funding Page 2
for the whole buill meaning that the project will come to fruition and the charity will meet its main obje£tive. The new plans required a v&st numF*r of reports and paperwork to accompany them, and this all took a great deal of time and expense, and a lot of focus for the charity throughout the year. The pre-planning application w&$ submitted in May '24 and then we waited for feedback from Fast Suffolk Council. Thi5 resulted in additional r¢ports b¢ing requitEd and a new full planning application deadline of July'24. which we meL The Pod was hom¢ to a Warm Welcome project fimdeA by East Suffolk Council and tn paitiership with three other lo[ groups. and saw 290 visitors from November to M8rch'24. The Saturday drop-in sessions ¢ontinued throughout the year, welcoming dIffert visitors who find out morc about thc Jetty Ine and the Pod. We also kept our neighbours up to date with the projcct and thcsc scs5ion5 gavc thcTn thc opportunity to consult with us. We ended the year waiting for the decision to be made by the Suffolk Council planning derATtsnent regarding our application, hoping that it will be successfiil. Page 3
JETTY LANE CJ.O REPORT OF THE TRUSTEES for the Year Ended 31" July 2024 FINANCIAL RF.VIEW RESERVES POLICY We have a clear picture of the fimds available. numing costs and funds required. Monthly running costs for crucial spend continue to be ¢xtr¢mely low and we hav¢ suificient funds to cover over 12 months of operntions. We have budget plans and cash tlow in pla and monitoring spend on the planning and design stage of the project. The r¢s¢rY¢s policy will Et updated once we move to the construction stagt of the project as cash flow will be of significant importance then. The free reserves at th¢ year-end were £19075. IUSK MANAGEMtNr The biggest risk faced by Jetty Lane pr¢viously was thc reduccd ability to rnise funds needed for the wnstruction. This year this is trned around as. if all 8( well. our new partnership will wilook funding for most of the building costs of th¢ projcct. It also that w¢ will hav¢ much nKJre financial ccrtainty &$ thc nurscry will bc rcntcd out at commercial rdtes. The greatest risk now is that we do not gatn [MiSsion to go ahead with the new plans and our reiationship with Childbase Partnerships doesn't com¢ to fruition. Th¢ Trustees are fulty covered by instsranc4 fjjlfil our charitabl¢ objedives to the best of our ability and are mpliant with relevant regulations. GOING CONCERN The Trust¢es have ¢ngaged with The Council of Refcrcncc group alld bas&1 on th¢ findings. the Trustees have reasonable cxpectation that the charity hLq sufficient financial and c&pitsl reserves to continue &s a going ci>ncern and have therefore prepared the financial statements on the going concern basis. Looking ahead to the next 12 months, the Trust¢¢s or¢ ¢xcit¢d aiM)ut our firture plans feel positive that they will successfully redevelop the sit¢. Page 4
JETfY LANE CIO REPORT OF THE TRUSTEES ror the Year Ended 31" July 2024 STATEMENT OF TRUSTEES RESPONSIBILITIES The TS are responsible for preparing the Rert of the Tn and the financial statements tn accordance with applicable law and Unit&l Kingdom Aonting Standards (Utiited Kingdom Generally Aecepted Accounting Practice). Th¢ law applicable to charities in England and Wales requires the Trustees to prepare fmanci21 stLtem¢nts for ea¢h financial y¢ar which give a true and fair view of the swe of affairs of the charity and of its incoming resources and application of resource4 including its income and expenditur4 for that period. In preparing these financia] statements, the Tnthes are quIrA to: s¢l¢ct suitabl¢ a¢wunting FKJli¢ies and then appty them consistently" observe the methods and principles of the Chanties SORP (FRS 102). make judgments and a¢coting estimates that are reasonable and prndenL slate whether applithle UK Aounting Stsndards (FRS 102) have been follow&l subject to any material departures disclosed and explaincd in the financial ststements. prepare the fmancial ststements on the going concern basis unless it is inappropriatc to pSuM¢ that th¢ charity will wntinue in busin. The Trustees are resw)nsible for keeping adequate accounting records that are sufficient to show and explain the charitys traTtsactions and disclose with reasonable aV¢Y at any time the fmancial FKTrSition of thc charity and cnable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Rcports) Rcgulations 2008. They are also rwsible for eguardIng the assets of th¢ dwity and heD¢e for tsking reasonable steps forthe prevention and detecti<)n of frdud and other IrgU18r1rIes. Approved by order of the members of the board of Trnstees and signed on their behalf by.. Caroline Ruthe Chair of Trustees Date: 12th May 2025
JETfY LANE C.I.O STATEMENT OF F174ANCIAL ACllVITIES for the Year Ended 31° July 2024 2024 2023 Unrestrtcted Fuod li¢stri¢tcd Fund Totsl Funds Total Fuwtds Notes INCOME FROM Donations Grants Fundraising Income Rental income 3277 1331 4608 3078 5820 281 1860 1668 1668 2902 Other- Childb&se TeimbuTsements 4318 4318 Totsl 6805 5649 12454 12081 EXPF.NDITURE Expenditure 8438 25790 34228 21589 Totsl 8438 25790 34228 21589 ET EXPENDITifRE {1633) (20141) (21774) (9508) COM Trnnsfer betiyeen fundJ Net movement in futtds {1633) (20141) (21774) (9508) RÉCONCILIATION OF Total funds brought fonvard 20708 125W2 146700 156208 TOTAL FUNDS CARRIF.D FORWARD 19075 105851 124926 146700 Pog¢ 6
JEy LANE CLO STATEME OF FINANCIAL POSITION At31"July 2023 2024 2023 Notss Debtors Cash at bank and in hand 12471JS 220 145636 Fixed assets . Office Fquipment 124926 145636 CREDITORS Amounts falling due within one year NET CURRENT ASSETS 124926 145636 TOTAL ASSETS LESS CURRENr LIABILITIES 124926 145636 NET ASSETS 124926 146155 Unrestricted funds 19075 20708 Restricted funds 105851 125992 TOTAL FUNDS 124Y26 146700 The financial stst¢ments were approved by th¢ Trustees and wer¢ signed on its behalf by: Caroline Rut erford Chair of Trustccs Date: 12th May 2025 Page 7
JETTY LANE CJ.O NOTES TO THE FI]¥ANCIAL STATETrtENf6 for the Year Ended 31" July 2024 ACCOUNttNG POMCIES Jetty [ne C.l.O is a charity registered in England and Wale4 charxty registration number 1184713. The princip21 office is 31 Hilly [*le Woodbridge, Suffolk IP12 4DX. Basis of preparing the fi¢11 statements Thc fllwicial statements have b¢cn prcparcd in a)rdanc¢ with the Clwities SORP (FRS 102) - Accounting and Rep)rting by Charities". Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rew)rting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). the Financial Reporting Standard applicable in the UK and Republic of Ir¢land (FRS 102) and th¢ Cbarities Act 2011. The finan¢ial ststements are presented in Sterling (£) wbich is the nCtIOnal CUTrency of the ¢harty and rounded to the nearest £. Jety Lane C.l.O meets the definition of a public benefit entity under FRS 102. Ass¢ts and liabilities are initially recogDised at historical cost or tranSD value Unless otherwise stated in the relevant accowiting policy. Th¢ accounts for th¢ year ended 31 July 2024 are prepared for the Charitable IncoTporated Organisatio (CIO) and are prepared to comply with Charities SORP (FRS 102)- Accounting and Reporting by Charities.. Statement of Recommended Practice. The comparative figures have been &djusted where applicable to ¢omply with the Charities SORP. Going concern After making appropriate enquirie& the have a reasonable eX1tIOn that the Charity has adequate resources to continu¢ in operational cxistrnce for th¢ foSeeable firture. For this reasoffj they conlinue tti adopt the going concern basis in the prepardtion of the fmancial ststcments. Income All income is recognised in th¢ Stxtement of Finaticial Activities once the charity has entitlement to the funds, it is probable that the income will k receive(L and the amount can be u[Cd reliably. Expenditure Liabilities are rOgnISed &s ¢xpenditure as soon as there is a legal or constructive obligation wmmitting the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be me8sllred reliably. Expenditure is ac¢ounted for on an accruals basis and has been c1&5sified under hing5 that aggregats all cost related to the category. Expenditure costs include the cost of ]ecover2b1e VAT. Page 8
JETTY LANE C.I.O NOTES TO THE FINANCIAL ATEms for the Yesr Ended 31. Juty 2024 ACCOIJNTtNG POiJCIES- coDtinned TaLgtion The charity is ¢x¢mpt from tsx on its charitable activities. Fund accounti% Unrestricted income hnds are available for use at the discretion of the trustees in fiwtherance of th¢ gen¢ral objectives of the charity. [ksited income funds are unrestricted fimds earniarkcd bv the trnstses for particular purposes. Restricted income funds are subjectd to re5trictioThs on their extKnditure irnted by the donor OT through the ternis of an ap[. Fixed aets Project costs associated with the co[tiOn of the Jety Lane centre will be witslised when there is suffiei¢nt likelihood that constsuction will ptM)ceed. Debtors Trade and other debtors are Tecogni5ed at thc settlement amount after any trade di%ount olTered. Prepayments are valued at the amount ppAid net of any discounts due. Cash at BADk and in Cash at bank and in hand includes and short terni highly liquid investments with a thort maturty of three months or less from thc date of acquisition or opening of the dewjsit or similar account. l.iabilities and prnvisions Liabilities and provisions ar¢ recogDised where the thty h&$ a present obligation resulting from 4 past ¢v¢nt that will wobably rnlt in the transfer of fimds to a third party and the amount due to settle the obligati¢)n can b¢ measured or estimated reliably. Liabillties are recognised at the amount that the clwity anticipates it will pay to settle the debt or the amount it has r¢c¢ived as advance paymcnts for the goods or sffviLYs it must provid¢. Financial instrumeDts The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic finan¢ial instnents are initially recognised at trawction value and subsequently measured at their settlement value. Pa8e 9
JETTY LANE C.LO NOTES TO THE FINANCIAL STATEMEiYfs. CONfiNUED for the Year Ended 31. July 2024 COME- CURRENf YEAR Unrestricted R¢stri¢ted Total Funds Fuods 2024 Funds 2024 2024 Donations Grants Fundraising income R¢ntal Incomc Other- Childbase reitnbursement Total 3277 1860 1331 4608 1860 1668 1668 4318 12454 4318 5649 6805 INCOME- PRIOR YEAR Unrestricted Restricted Total Funds Fimds 2023 Funds 223 2023 Donations Grants Fundraising incom¢ Rental Income 2571 507 5820 3078 5820 281 2902 281 2902 Totsl 5754 6327 12081 Pwlo
TTY LANE CJ.O YIOTES TO THE FINANCIAL STATEfAtENTS- CONfTNUED for Ihe Year Ended 31° Juty 21124 EXPENDITURE 2024 2023 Support ¢(vJts: Legal and professional - Accountsncy Website and marketing Insurance Communication and printin8 Sundry expenses Building project cost (Restricted) Expenditure on raising funds Office equipment & Repairs & Maintenance Bank & Other tratIonal costs Electrtcity 35 500 2017 870 67 5456 1139 5067 7508 388 178 4316 182 Totsl 21589 The charity had nil employees io the y¢aT (2023 - 2024). The charity had 12 volunteers. TRUSTEE PAYMENTS & RELATED PARTY TRANSACTIONS No Trustees received any remuncration or exEKns¢s during th¢ year. Pagell
JETfY LANE C.LO NOTES TO THE FiNANCIAL STATEMENTS. coiYrJMIED for thc Year Ellded 31" July 2024 DEBTORS: AMOtiNfs FALIJNG DUE WITHtN ONE YEAR 2024 2023 Total8 CREDITORS: AMOUNTS FAILING DUE wrrHIN OIYE YEAR 2023 2022 Tradc Crcditor5 Accrnais TotaLq ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR Unrestricted Restricted Total Funds 2024 Fund5 2024 2024 Current ets Creditors due within one year 19075 105851 124926 Total 19075 105851 124926 ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Unrestrict Restricted ed Fun(Ls Funds 2023 2023 Total Funds 2023 Current assets Creditors due within one year 17428 129272 146700 Total 17428 129272 146700 Page 12
JETfY LANE C.i.O NOTES TO THE FINANCIAL STATEMENTS. COIYTINUED for the Year Ended 31" Juty 2024 Balan &5 at I" ust 2023 TransfS inlout Balanc¢ as at Income diture 31° July 2024 Unrestrithd fund5 6805 8438 19075 Restricted funds Fulld I Fund 2 Fund 3 122209 3724 59 4318 1331 25790 100737 5055 59 Totsl of futtds 14671)0 34228 124926 Fund l -East Suffolk County Council InfraStn Grant (CIL)- restrickd to cover costs for the initial building planning and design stsge. Fund 2 - Playscape Fund 3- Creative Play 2022_2023 Page 13
STATEMENT OF FUNDS- PIUOR YEAR Balance as at 1° All8$t 2022 Transfers inlout Balance as at 31'Jul 2023 In¢ome UnstriCt¢d funds 28719 5754 13765 20708 Restricted funds Fund I Fund 2 Fund 3 Fund 4 Fund 5 122209 122,209 3724 59 3820 2507 2448 io 10 21XIO 1600 1670 127489 2000 Fund 6 Fund 7 Totsl Restricted Tot81 of funds 1670 5270 7824 125992 146700 156208 12081 21589 Fund l -E&%t Suffolk County Council JnfrLStrncture Levy Grant (CIL)- restTiCteJJ to cover costs for the initi81 building planning alld desi stsge. Fund 2- Playscape gfdntsldonations Fund 3 - Suffolk Coiinty Council - rcstrictcd to fund promotional vidw. Page 14
JErfY LANE C.I.O NOTES TO THE FINANCIAL STATEMENTS. coiYfiNUED for th¢ Year Ended 31" July 2024 CONfINGEiYf ASSET An agreement for the grant of a lease over the Site of the Fornler Youth Club in Woodbridge w&% made with Suffolk County Council ffl 6 August 2019. Th¢ grdnt of the lease Ès subject to plaDnin8 ¢ons¢nt being granted by East Suffolk Council for the construction of a new community building and associated funding being available for the eonstruction of th&t building. As these conditions have not yet been satisfied. no value for th¢ lease is included oll the Ststsmellt of Fitwiciai Position. The le&ge is for a terni of125 years and is at pepp¢rcorn nL Page 15