2023-03-31-accounts

ABBEYFIELD AN LAC COMMUNITY CIO

Registered Charity No. 1198321

Trustees Annual Report and Financial Statements for the Period 22 March 2022 to 31 March 2023

Abbeyfield An Lac Community CIO, An Lac House, 280 Coldham's Lane, Cambridge CB1 3HN. Telephone: [phone] • Email: [e-mail]. Website: https://www. anlachouseUK.org.uk/ AAC is a Charitable Incorporated Organisation registered in England and Wales, Charity No. 1198321. AAC is a member society of The Abbeyfield Society.

Trustees Annual Report and Financial Statements (2022 to 2023)  Page 2 of 6

Abbeyfield An Lac Community CIO: Trustees, Registered Office and Professional Advisers

Trustees

Mr. I Crowther (Acting Chair) Mrs. M Ward (Secretary) Mr. S Baugh (Treasurer) Dr. Phung Ly (Officer)

Registered Office

An Lac House 280 Coldhams Lane Cambridge CB1 3HN

Accountants

MHH Partnership Elstree House High Street Cottenham CB24 8RX

Trustees Annual Report and Financial Statements (2022 to 2023)  Page 3 of 6

Abbeyfield An Lac Community CIO: Trustees Annual Report for the Period March 2022 to March 2023

Status and Charitable Purpose

Abbeyfield An Lac Community CIO (“AAC”) is a Charitable Incorporated Organisation registered in England and Wales, charity number 1198321. AAC was registered with the Charity Commission on 22 March 2022.

The objects of the charity are to provide extra sheltered accommodation and care for persons of Vietnamese or Asian origin who are in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage. The charity will achieve this by managing and operating An Lac House, a 10-bed facility at 280 Coldham’s Lane, Cambridge CB1 3HN.

Activities During the Period

AAC is the successor organisation to Abbeyfield Cambridgeshire Vietnamese Society Ltd (“ACVS”), a Community Benefits Society registered as an Industrial and Provident Society (number IP27769R). ACVS provided the residential and care services at An Lac House from May 1998. In order to better fulfil its purpose, ACVS decided to transition to a Charitable Incorporated Organisation, namely Abbeyfield An Lac Community CIO.

Following the creation of AAC in March 2022, ACVS began its preparations for transferring all its assets, staff, contracts and responsibilities to the new CIO. A formal Transfer Agreement was signed by the committee of ACVS in October 2023, setting a Completion Day of 10 November 2023 for the transfer to AAC. However, there were considerable delays in this process, particularly in setting up a bank account and transferring key contracts. Therefore, during the period covered by this annual return (22 March 2022 to 31 March 2023) AAC had no assets, and did not undertake any financial or operational activity. ACVS continued to run An Lac House.

Despite the inactivity of AAC, the Charity Commission has advised that its Trustees should submit an annual return for this period, and the present document complies with that requirement. The financial results for the period are set out in the Income and Expenditure account on page 5, and the position at the end of the year is shown in the Balance Sheet on page 6.

Trustees

The Trustees who served during the period were as follows:

Mr. I Crowther (Acting Chair) Mrs. M Ward (Secretary) Mr. S Baugh (Treasurer) Dr. Phung Ly (Officer)

Page 5 of 6

Abbeyfield An Lac Community CIO

Income and Expenditure Account for the Period 22 March 2022 to 31 March 2023

Income Operating costs Operating (Deficit)/Surplus Other interest receivable (Deficit)/Surplus on Ordinary Activities for the year Unrealised surplus / (deficit) on revaluation of investments Total recognised gains and (losses) relating to the year Income and expenditure balance brought forward Income and expenditure balance carried forward	2022 £ 0 0
	0 0
	0 0
	0 0
	0

Page 6 of 6

Abbeyfield An Lac Community CIO Balance Sheet as at 31 March 2023

Fixed Assets Tangible Assets Current Assets Debtors Cash at bank and in hand Creditors: Amounts falling due within one year Net Current Assets Net current Assets Investments Richard F Howard Trust(M&G) COIF Charities Deposit Account Total Assets Capital and Reserves Called up share capital Income and expenditure – accumulated surplus	2022 £ 0 0 0 0 0 0	2022 £ 0
		0
		0
		0
		0
		0 0
		0