## **THE LACEBY COMMUNITY COLLECTIVE ACCOUNTS FOR THE PERIOD ENDED** **31[ST] MARCH 2024** ## **The Laceby Community Collective Contents** ## **Pages:** **3** **4-6** **7** **8** Reference & Administration Details Trustees Report Independent Examiners Report Income & Expenditure Account 2 ## **The Laceby Community Collective Reference and Administrative Details** ## **Trustees** S Mumby, Chair (appointed 01/10/2021) R Barford (appointed 29/09/2022) P Denton (resigned 25/04/24) M Hall (appointed 01/10/2021) H Hurton (appointed 25/08/2022) R McWilliams (appointed 01/10/2021) D Merton (appointed 12/10/2021) R Patchett (appointed 25/05/2022) ## **Registered Office** 26 South Saint Mary’s Gate Grimsby DN31 1LW ## **Charity Registration Number** 1196006 ## **Bankers** Virgin Money 12 Bethlehem Street Freshney Place Grimsby DN31 1JZ 3 ## **The Laceby Community Collective** ## **Trustees Report** The trustees present the annual report together with the financial statements of the charitable incorporated organisation for the period ended 31 March 2024. ## **Objectives and activities** ## _**Objects and aims**_ Our charity’s purposes as set out in the objects are: To further or benefit the residents of laceby and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents. In furtherance of these objects but not otherwise, the trustees shall have power: to establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects. ## _**Public benefit**_ The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. ## **Achievements and performance** ## Building Works Since completing the community asset transfer on 5[th] April 2023 we have undertaken a large amount of building work, to bring the pavilion back into working order. To date the following works have been completed; asbestos removal, roof replacement, facias and guttering replacement, windows and door installation, CCTV installation and rendering. We would like to take the opportunity to thank all of our suppliers who have provided a quality service and our funders who have helped make this work possible. ## Memberships In October 2022 we launched our membership scheme which is required as part of our CIO structure and allows full members access to monthly meeting minutes and attendance at quarterly meetings. This also builds into our ethos of seeking community engagement and making The Laceby Community Collective an organisation for all residents of Laceby. 4 ## **The Laceby Community Collective Trustees Report** To date we have 31 members registered and we would like to take this opportunity to thank those that have signed up. We are continuing to explore further opportunities to better promote our membership scheme and retain those members which have already signed up. ## Events We have continued to hold a number of events throughout the year, our most successful being the Laceby Summer Social. This event has now been held for two years and on both occasions was incredibly well attended by people of all ages. Other events have included our Christmas Market, Easter Egg-stravaganza, Football & Food Nights and a Laceby FC signing on night. Over the last twelve months we have accumulated a trusty group of volunteers who have made the organisation and running of our events much smoother and as trustees we would like to leave a note of thanks for your continued support. ## Plans for future periods Aims and key objectives for future periods: Now that work is almost complete on the outside of the building our attention will be drawn to the interior. This will allow us to provide access to the public and enable us to meet our objects and aims. As the pavilion becomes operational we will continue to engage with the local community to ensure that the activities and events offered are catered to the community’s needs. We will also continue to develop the playing fields to make more sport accessible and provide green spaces which residents can enjoy. ## **Financial review** During the period ended 31 March 2024, total expenditure of £101,315 was more than covered by incoming resources. The excess of income over expenditure for the year was a surplus of £6,333. ## _**Policy on reserves**_ Our policy is to have a minimum of a three month contingency fund to guarantee financial security in the event of any unforeseen expenditure that may occur and to safeguard against a decrease of income due to a sudden drop in hire. Free reserves (unrestricted funds less designated funds and total fixed assets) are £1,406 which is currently below the three month policy. However it should be noted that we are not yet fully operational. Total reserves being £13,985 are made up of unrestricted funds of £1,406 and restricted funds of £12,579. 5 ## **The Laceby Community Collective Trustees Report** ## _**Principal risks and uncertainties**_ We remain in a period of financial uncertainty were the cost of living is increasing. We are therefore mindful that residents may not have significant amounts of disposable income which may lead to the facilities to be underutilized. We will therefore try to ensure our hire rates are reasonable and were possible find funding for activities which may reduce costs required for residents to participate. ## **Structure, governance and management** ## _**Nature of governing document**_ The organisation is a Charitable Incorporated Organisation, which registered as a charity on 1[st] October 2021. The organisation was established with objects and is governed under its constitution. ## _**Recruitment and appointment of trustees**_ Trustees have been approached where it is believed they have the skills that can support the charitable objectives. Trustees can also be appointed or reappointed annually at the Annual General Meeting by the members. The annual report was approved by the trustees of the charity on 26[th] September 2024 and signed on its behalf by: ......................................... S Mumby Chairman 6 ## **Independent Examiner's Report to the Trustees of The Laceby Community Collective CIO** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which are set out on page 8. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached. Signed: Carrie Jensen ACA Forrester Boyd Grimsby DN31 1LW 26/09/2024 7 ## **The Laceby Community Collective CIO Income & Expenditure Year Ended 31/03/2024** |**Income**
Donations and legacies
Grants
Charitable activities
Other activities
Investment income
**Total Income**
**Expenditure**
Cost of charitable activities:
Insurance
Events
Fundraising costs
Premises costs
Equipment costs
Other support costs|**Unrestricted Restricted**
**Year Ended**
**31/03/2024**
**Total**
**Period**
**Ended**
**31/03/2023**
6,512
-
6,512
3,293
-
98,627
98,627
7,096
-
-
-
-
2,474
35
2,509
3
-
-
-
-
8,985
98,662
**107,647**
**10,393**
-
-
532
-
532
1,361
2,294
6,920
9,214
436
-
-
-
379
4,669
57,752
62,421
485
7,529
20,085
27,614
-
208
1,326
1,534
80| |---|---| |**Total Expendiute**
**Bank and cash brought forward**
**Surplus/ (Deficit)**
**Bank and cash carried forward**
**Unrestricted Funds**
**Restricted Funds**|15,232
86,083
**101,315**
**7,652**
**6,333**
**13,985**
1,406
12,579
**13,985**|**2,741**| |---|---|---| |||**-**
**7,652**| |||**7,652**| |||7,652
-| |||**7,652**| Approved by the Trustees & Members on 26/09/2024. ………………………………. ………………………………. Simon Mumby Mike Hall Chairman Treasurer 8