## **EXERCISING**
## **FOR MOBILITY**
## **CHARITY NUMBER: 1135054 FINANCIAL STATEMENTS**
## **AND**
## **ANNUAL REPORT**
## **FOR**
**YEAR ENDING st 31 DECEMBER 2024**
## **EXERCISING FOR MOBILITY**
## **Contents for the Accounts for the Year Ending st December 31 2024**
|Legal and Administrative Details
Trustees’ Annual Report
Independent Examiner’s Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts|**Page**|
|---|---|
||1
2
7
9
10
11|
## **EXERCISING FOR MOBILITY**
## **ADMINISTRATIVE DETAILS**
|Charity Number:|1135054|
|---|---|
|Registered Office:|Furze Mead|
||Poundstock|
||Bude|
||Cornwall|
||EX23 0EE|
|Trustees:|Julie Pawley – Chair|
||Lynda Powell - Vice Chair|
||Gabrielle Barling - Vice Chair|
||Zinnia Symonds|
||Jane Bickle|
||Joyce Bickerstaff|
||Carolyn Head|
||Stephen Jewell|
||Alan North|
||Brian Dixon|
|Administrators|Joanne Barnes - Marketing and Fundraising Officer|
||Laraine Turner - Project Manager and Bookkeeper|
|Sessional Workers|Joanne Barnes - Senior Instructor|
||Michaela Millard - Instructor|
||Marie Clements - Instructor|
||Lec Quance - Driver|
||Carolyne Jessop - Driver/General Administrator|
|Independent|Major PJ Buzzard FCCA, FCPFA|
|Examiner:|Cedar Accountancy Services|
||4, Penkenna Close|
||Crackington Haven|
||Near Bude|
||Cornwall|
||EX23 0PF|
|Accountants:|Cedar Accountancy Services|
||4, Penkenna Close|
||Crackington Haven|
||Near Bude|
||Cornwall|
||EX23 0PF|
Page 1
## **TRUSTEES REPORT JANUARY 1st - DECEMBER 31st 2024**
**Exercising for Mobility - Registered Charity No: 1135054**
## **Objectives and Activities**
The purposes/aims for which the organisation is set up are:
i.) Promote well-being for the benefit of the inhabitants of the Bude and surrounding areas without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide a facility for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants
ii.) To establish an exercise group to assist people with decreased levels of mobility and health issues, and to maintain and manage the same furtherance of these objects.
iii.) To develop opportunities to reduce isolation and contribute to the improvement of general health and wellbeing
iv.) To promote positive volunteering opportunities.
The Trustees confirm that they have taken due notice of the guidance published by the Charity Commission in regards to the public benefit when reviewing the aims and objectives of the charity and in planning activities.
## **Chair's Report**
## **Trustees**
At the beginning of 2024, we had six Trustees: myself as Chair, Gabrielle Barling and Lynda Powell, both Vice Chairs, Zinnia Symonds, Brian Dixon and Jane Bickle. Then during the year Joyce Bickerstaff rejoined the Board and in December 2024, we welcomed three new Trustees onto the Board: Carolyn Head, Stephen Jewell and Alan North.
## **Sessional Workers**
In July, Co-Project Manager Alison Castillo-Bernaus left E4M to be nearer her family in Surrey and Laraine Turner took over this role, working with Jo Barnes, on August 1st . Laraine (Lally) has the title Admin and Bookkeeping and Jo oversees Marketing and Fundraising. Lally and Jo work together, not just to ensure the every day functioning of the Charity but also to fundraise and seek funding from outside organisations.
Jo is also Senior Instructor, having been in this role now for thirteen years. She is ably supported by Michaela Millard, Assistant Instructor. Our other Assistant Instructor, Emma Baston, decided to leave E4M in November as she had accepted a new job, working with the British Council teaching English online to foreign students. New Instructor, Marie Clements, started her training with us in May and has completed her online Instructor’s qualification.
Lester (Lec) Quance continued as our main Driver, assisted all year by Cliff Bowden, who left E4M in
Page 2
## **Events**
In March we held our Easter Bonnet Quiz, hosted by Jo and the E4M Team. There were prizes for the best Easter Bonnets and a hilarious game of Heads and Tails. The Quiz night raised £245 for E4M funds.
This year our Coach Outing took place in May, visiting Kingsley Village, Fraddon for some retail therapy in the morning and then the Cornish Birds of Prey Centre near St Columb where we had our very own Flying Display of several birds of prey.
As usual, E4M participated in the Bude summer community events, starting with Heritage Day in July when we erected our colourful E4M Gazebo on the grass outside the Central Methodist Church where Jo plus half a dozen E4M members did three Demos during the day.
In August we took part in the Community Funday and NHS Wellbeing Festival in the Parkhouse Centre, where Jo and Michaela, again assisted by E4M Members, did three Demos and gave out many leaflets.
Also in August were Bude Carnival and RNLI Lifeboats weekends. For the former, we erected our E4M Gazebo on Bude Rugby Club pitch and raised funds with the Adult and Children’s Tombolas and Play Your Cards Right game. And for the latter, we did the same, occupying two tables in the RNLI Marquee. In all, over the summer, we raised £757 for E4M funds.
The AGM took place in September with an array of homemade cakes, which was probably why it was the best attended AGM to date!
In October we held our annual Tea Party; this year the theme was Halloween and most party goers rose to the challenge and wore Halloween costumes! We were entertained by the singing group “Finch” and had fun with various games and Fun Routines. Afternoon Tea consisted of a Charcuterie Platter with crackers and dips, followed by a plate of spooky cakes.
Finally, in December we held our Christmas Party with a Pantomime theme. Again most Members dressed up, this time as Panto characters, and we made our own entertainment with Christmas Karaoke, Charades, Pass the Parcel and some of our Fun Routines. Afternoon Tea was a build it yourself Christmas Dinner Bap, followed by cakes and mince pies with clotted cream.
In all, another busy year for Exercising for Mobility and I would like to thank everyone who has worked so hard, not just to keep our E4M Fitness Sessions running smoothly but also to deliver all the other events: our Sessional Workers, Volunteers and Trustees – thank you all very much.
Julie Pawley, March 2025
## **Financial Review**
I submit this review not as the Charity’s Treasurer but in my role as Co-Project Manager responsible for Administration and Book-keeping. At the end of December 2023 our Accounts’ total balance was £79,694.00 and at the end of December 2024 it was £74,128.00. Therefore, there was an overall loss of £5,566.00. However, this still meant that the Charity’s Accounts remained healthy going into 2025.
Page 3
2016 we were awarded just over £200,000.00 from the National Lottery. The funding was only meant to cover up to 2021 – but with a top-up award from them during Covid, the funding period actually lasted until August 2023. We were permitted to keep the unspent grant money, which is why we enjoyed a prolonged period with a healthy bank balance.
## **Incomings**
Also, during 2024 we received monies from 3 further grants: 1. £950 from Bude and Stratton Town Council towards equipment and resources which was granted from 1 st Feb 2024 until 31st Jan 2025 2. £14,391.00 from the National Lottery Awards For All. This was given to us as a lump sum for room hire and refreshments from May 1st 2024 to last until the end of April 2026. 3. £3,472.50 – one more instalment from NHS Charities Together for our Drivers’ wages and mileage costs. With just 2 more similar instalments to be received during 2025. From our members’ donations alone, we received £12,839.34 From our Fund-raising events throughout the year, we raised £1,400.00 From the sale of Bric/Brac we raised £431.09 From the sale of bands & T-shirts we raised £295.00 We also received many kind donations throughout the year from members. In June we also received £500.00 from the Masons (Ring-fenced to pay for the coach for 2025s annual trip) In October we received £100.00 from Bude Social Club. In November we received £200.00 from the Poughill revel. Bank Interest received throughout the year came to £871.26 plus £64.53 from easyfundraising.
## **Outgoings**
In September a new computer was purchased for the charity- a long-overdue purchase to allow speedier processing and keeping up to date with future-proof software. The cost was £569.96 and in effect ~~w~~ as covered by the Bank Interest gained throughout the year. In January the Trustees agreed a slight pay rise for all the Sessional Workers just under the % rise that the Government forecasts in its yearly budget. Every April the Parkhouse room hire etc charges increase. In July the Trustees agreed a slight p ~~ay~~ rise recognising those Sessional Workers with the most responsibility and /or longevity within the charity. It was felt that up until then these factors weren’t being fairly represented. During the year we also took on extra staff: - Laraine Turner as Admin Assistant from January till the end of July. This was to learn the ropes from the previous Co-Project Manager who left in July and then Laraine ~~t~~ ook over her position. Marie Clements as Assistant Fitness Instructor from May. Carolyne Jessep as Admin Assistant and Assistant Driver in November. The membership of the charity continued to grow throughout the year creating more work for all Sessional Workers especially for both CoProject Managers with regard to the amount of organising, admin & funding applications and reports required to do from home. In conclusion- the Charity’s bank balance remained quite healthy at the end of 2024 but there are serious concerns regarding the future if we are not able to secure more substantial funding. We still make a loss every month but currently feel very reluctant to increase the £2 donation per each session.
Laraine Turner, April 2025 Project Manager and Bookkeeper
Page 4
## **Reserves Policy Statement**
## **Purpose**
The purpose of this Operating Reserve Policy is to build and maintain an adequate level of unrestricted cash reserves to support the organisation’s day-today operations in the event of unforeseen circumstances or shortfalls. Operating reserves are not intended to replace a permanent loss of funds or eliminate an ongoing budget gap. The sudden interruption of our Fitness Sessions due to the pandemic highlighted the need to build greater financial resilience in the charity and ensure that we can continue to provide services over a period of time while we implement strategies to cover our obligations.
## **Definitions and Goals**
The target minimum Operating Reserve Fund is equal to six months of recurring operating costs and is ~~c~~ alculated on a maximum three months’ expenditure to ensure ongoing charity activities. Our core costs are around £40,000 per annum and the vast majority of our work is grant funded. Our operating reserve ~~s~~ would cover these for 6 months. However, the pandemic has highlighted the need to be able to supp ~~o~~ rt our Sessional Workers in the event that E4M is cancelled – our policy being that: In the event ~~of~~ classes being cancelled due to circumstances beyond our control, and if alternative arrangements cannot be made, Sessional Workers will be paid for up to 3 months of pre-planned ~~w~~ ork. C ~~u~~ rrent reserves equate to six months’ operating costs and it is our goal to maintain this level ~~o~~ ver th ~~e~~ course of the next five years in order to be able to provide this level of security. These reserves will be reported within our annual report and included in the regular financial reports at committee meetings to ensure that we are working towards achieving our objectives.
## **Public Benefit Statement**
The Trustees confirm that they have taken due notice of the guidance published by the Charity ~~C~~ ommission in regard to the public benefit when reviewing the aims and objectives of the charity and in planning activities. These activities are provided to all irrespective of age, ability, faith, gender, sexual ~~or~~ ientation, race, political view or any other belief, condition or trait.
Page 5
## **Exercising for Mobility has a written Constitution. The Charity is administered by a Management Committee (Trustees)**
i.) Membership shall be open to any person over 18 or any organisation living or located in Bude and the surrounding area who is interested in helping the organisation to achieve its purpose and abide by the rules of the organisation.
ii.) Membership shall be available to anyone without regard to gender,race, nationality, disability, sexual preference, religion or belief.
iii.) Every member shall have one vote.
iv.) The membership may be terminated for good reason by the Management Committee; the member has a right to be heard by the Management Committee before a final decision is made.
v.) Every member will follow the organisations policies and procedures.
vi.) No member of the Management Committee will benefit from the organisation other than as an ordinary member of the organisation might benefit - allowance being made however for out of pocket expenses.
The Trustees are legally responsible for organisation
~~i~~ .) The Management Committee (of not more than 10 members) elected at the Annual General Meeting (AGM), will consist of General Trustees and Officers. ii.) The ~~O~~ fficers of the Management Committee are: The Chairperson, the Vice Chair, the Treasurer iii.) The Ma ~~na~~ gement Commiftee shall meet at least four times a year.
iv.) The ~~q~~ uorum for Management Committee meetings shall be 3 members.
v.) Voting at Management Committee meetings shall be by show of hands. If there is a tied vote, then
~~t~~ he Chai ~~r~~ person shall have a second vote.
~~v~~ i.) The ~~M~~ anagement Committee may by a two-thirds majority vote and, for a good and proper reason, remove any committee member - but provided that person has the right to be heard before a final decision is made.
vii.) The Management Committee may appoint another committee member to fiIl a vacancy provided the maximum number is not exceeded.
viii.) The organisation shall commission/employ a Marketing and Fundraising Officer plus two Administrators who are delegated the responsibility for the day to day administation of the
~~o~~ rganisation, and will report directly to the Management Committee.
## **Declara** ~~**ti**~~ **on**
~~T~~ he Trustees declare that they have approved the Trustees' Report above. Signed on behalf of the Charity's Trustees:
Julie Pawley – Chair Date: 30/07/2025
Page 6
## **INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS**
## **Report to the Trustees/ Members of Exercising for Mobility.**
## **On accounts for the year ended 31st December 2024.**
## **Charity no** 1135054
~~S~~ et out on pages 8-12 and the Trustees' Report on pages 1-5. I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the yea ~~r~~ ended 31[st] December 2024.
## **Responsibilities and Basis of Report**
~~A~~ s the ~~ch~~ arity's trustees, you are responsible for the preparation of the accounts in accordance ~~w~~ ith the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 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.
## ~~**I**~~ **ndependent Examiner's Statement**
I have ~~co~~ mpleted my examination. I confirm that no material matters have come to my attention ~~i~~ n connection with the examination which gives me cause to believe that in, any material ~~r~~ espect:
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 in order to enable a proper understanding of the accounts to be reached.
## **Addition Notes**
There are no additioanl notes to the report.
Page 7
Signed:
Date: Paul Buzzard, FCPFA, FCCA, CITP, FFA, FMAAT, MBCS, MA, MSc (Charity Acc.) Chartered Public Finance Accountant and Chartered Certified Accountant Cedar Accountancy Services, 4, Penkenna Close, Crackington Haven, Near Bude, Cornwall EX23 0PF
Page 7
Page 8
## **EXERCISING FOR MOBILITY (CHARITY 1135054)**
**----- Start of picture text -----**
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2024
Note Total Total
INCOME AND EXPENDITURE 2024 2023
Incoming Resources:
Voluntary Income
Donations:
Grants - N.Cornwall NHS Charities Together £ 3,472.50 £ -
Grants - Bude Stratton Town Council £ 950.00 £ -
Grants - National Lotterty Awards For All NLA4A £ 14,391.00 £ -
Donations £ 14,388 £ 15,359
Activities to Further the
Charity's Objectives:
Copper Box £ - £ -
Trips and Parties £ 1,176 £ 280
Raffles £ 325 £ -
Activities to Generate Funds:
Fund Raising £ 2,608 £ 3,033
Sales of Goods or Equipment £ 295 £ 196
Investment Income:
Interest and Investments £ 871 £ 543
Gift Aid: £ - £ -
Other Income £ - £ -
Other Income £ 225
Total Incoming Resources: £ 38,702 £ 19,411
Resources Expended:
Audit £ 225 £ 200
Bookkeeping and Accounting £ 600 £ 570
Building Capabilities £ - £ 5,374
Flowers/Cards for Clients £ - £ -
Hall Hire £ 7,673 £ 6,973
Insurances £ 396 £ 391
Mileage Costs £ 2,039 £ 1,419
Office and Postage £ 896 £ 679
Publicity £ 206 £ 1,221
Purchases or Equipment and Resources £ 1,338 £ 977
Refreshments and Catering £ 922 £ 776
Training £ 145 £ 1,298
Trips and Excursions £ 1,135 £ 3
Wages £ 27,762 £ 19,662
Sundries £ 882 £ 1,045
Total Resources Expended: £ 44,217 £ 40,589
Net Incoming/(Outgoing) Resources -£ 5,515 -£ 21,179
Other Recognised Gains & Losses £ -
Net Movement in Funds -£ 5,515 -£ 21,179
Total Funds Brought Forward £ 79,643 £ 100,822
Total Funds Carried Forward £ 74,128 £ 79,643
**----- End of picture text -----**
Page 9
## **EXERCISING FOR MOBILITY (CHARITY 1135054) BALANCE SHEET AS AT DECEMBER 31st 2024**
||||**31st Dec.**
**31st Dec.**|**31st Dec.**
**31st Dec.**|
|---|---|---|---|---|
||||**2024**|**2023**|
||**Note**||||
|**Tangible Fixed Assets**
Tangible Assets
Investments|6,7
5|£
£|-
£
£
-
£
£|-
£
-
£|
|||£|-
£
£|-
£|
|**Current Assets:**
Debtors (Within 1 year)
Debtors (More than 1 year)
Cash at Bank & In Hand|2
4|£
£
£|-
£
£
-
£
£
74,128
£
£|-
£
-
£
79,694
£|
|||£|74,128
£
£|79,694
£|
|**Creditors:**
(amounts falling within 1 year)
**Net Current Assets:**|3|£
£|-
£
£
74,128
£
£|50
£
79,644
£|
||||||
|**Total Assets less Current Liabilities:**||**£**|**74,128**
**£**
**£**|**79,644**
**£**|
|**Funds:**
Restricted
Unrestricted||£|18,814
£
£
£|40,480
£
39,164
£|
|**Total Funds:**||**£**|**74,128**
**£**
**£**|**79,644**
**£**|
The Financial Statements were approved by the trustees on and signed on their behalf by:
J Pawley
Signed - Trustee Julie Pawley – Chair
Date: 30/07/2025
Page 10
## **EXERCISING FOR MOBILITY (CHARITY 1135054)**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024**
## **Note: 1 Accounting Policies;**
## **Basis Of Preparation Of Financial Statements:**
The financial statements are prepared under the historic cost convention, and in accordance with the Financial reporting Standard for Smaller Entities (effective January 2007), and the Charities SORP 2016 (Accounting and Reporting by Charities) and comply with the Charities (Accounts and Reports) Regulations 2016 issued under the Charities' Act 2011.
## **Incoming Resources:**
All income is included in full in the Statement of Financial Activities in the year in which the conditions for their receipt have been complied with. Grants restricted to future accounting periods are deferred and recognised in those future accounting periods. Grants are apportioned to accounting periods on a time apportionment basis.
Voluntary income received by way of donations, and investment income, is included in full in the Statement of Financial Activities in the year in which it is receivable. The value of services by volunteers is not included.
## **Tangible Fixed Assets And Depreciation:**
Tangible fixed assets are stated at cost less depreciation. The only exceptions are land and buildings which are not depreciated but are revalued periodically as deemed appropiate by the trustees. The Charity has none at present.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over the expected useful lives.
## **Restricted Funds:**
Restricted funds are to be used for the designated purposes as laid down by the donor. Expenditure which meets the criteria is charged to the fund.
The restricted funds relate to the grants from National Lottery Awards for All, Bude Stratton Town Council and NHS Charities Together.
## **Unrestricted Funds:**
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
## **Resources Expended:**
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered. Resources expended are allocated to the particular activity where the cost relate to the activity.
Page 11
## **EXERCISING FOR MOBILITY (CHARITY 1135054)**
## **Note: NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024**
**----- Start of picture text -----**
2 Debtors: Year End Year End
31st Dec. 31st Dec.
Falling Due Within One Year: 2024 2023
Other Debtors £ - £ -
VAT £ - £ -
Total Falling Due Within One Year: £ - £ -
Debtors falling due after more than one year £ - £ -
3 Creditors:
Falling Due Within One Year:
Accruals - Agency Collections £ - £ 50
Total Falling Due Within One Year: £ - £ 50
Creditors falling due after more than one year £ - £ -
4 Cash at Bank and In Hand
Current Account £ 74,128 £ 79,694
Total: £ 74,128 £ 79,694
5 Investments
None £ - £ -
£ - £ -
**----- End of picture text -----**
Page 12
## **EXERCISING FOR MOBILITY (CHARITY 1135054)**
## **Note: NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024**
## **6 Tangible Fixed Assets:**
|**Exercise**
**Equipment**
**Cost:**
As at 1 January 2024
90
£
Additions
-
£
Disposals
-
£
As at 31st December 2024
90
£
Accumulated Depreciation:
As at 1 January 2024
90
£
Charge for Year
-
£
Disposals
-
£
As at 31st December 2024
90
£
Net Book Value
As at 1 January 2024
**-**
**£**
As at 31st December 2024
**-**
**£**
**Net Book Value as at 31 Dec. 2022**
**-**
**£**
**Net Book Value as at 31 Dec. 2023**
**-**
**£**
**Depreciation Charge for the Year**
**-**
**£**
Depreciation Method - 18% Reducing Balance for all but Property.|**Computer**
**Furniture**
**Equipment**
1,500
£
-
£
-
£
-
£
-
£
-
£
1,500
£
-
£
1,500
£
-
£
-
£
-
£
-
£
-
£
1,500
£
-
£
**-**
**£**
**-**
**£**
**-**
**£**
**-**
**£**|
|---|---|
## **7 Net Incoming/(Outgoing Resources) For The Year**
|This is stated after charging:
Depreciation of Tangible Fixed Assets
Trustees Expenses
Independent Examiner's Fees|**Year Ended**
**Year Ended**
**31st Dec.**
**31st Dec.**
**2024**
**2023**
-
£
-
£
-
£
-
£
225
£
200
£
**225**
**£**
**200**
**£**|
|---|---|
## **8 Related Party Transactions**
There are no related party transactions.
Page 13
## **EXERCISING FOR MOBILITY (CHARITY 1135054)**
## **Note: NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024**
## **9 Detailes For Restricted Funds**
||**Incoming Resources:**
**_Voluntary Income_**
**Donations:**
**Resources Expended:**
Hall Hire
Mileage Costs
Refreshments and Catering
Wages
Sundries
**Total Resources Expended:**
**Net Incoming/(Outgoing) Resources**
Total Funds Brought Forward
**Total Funds Carried Forward**
**Incoming Resources:**
**_Voluntary Income_**
**Donations:**
Grants Bude Stratton Town Council
**Resources Expended:**
Purchases or Equipment and Resources BSTC
**Total Resources Expended:**
**Net Incoming/(Outgoing) Resources**
Total Funds Brought Forward
**Total Funds Carried Forward**
Grants - National Lotterty Awards For All NLA4A
Grants - N.Cornwall NHS Charities Together|3,472.50
£
14,391.00
£
7,673
£
2,039
£
466
£
5,718
£
-
£
**15,895**
**£**
1,968
£
16,845
£
**18,814**
**£**
950.00
£
1,001
£
**1,001**
**£**
51
-£
-
£
**51**
**-£**|
|---|---|---|
Page 14