C¢rnpany number 09146985 Chèriiy NuM￿r 1160700 Con¢em Wadebridge {A Company Limited by Guarantee) Unaudited Report and Financial Slatements 31 Marth 2026 Con¢em W•debrldge Rèports and accounts Contents Pa9elsl Legal and administr8tive infom)th"on Tiustees, report Indèpondent èxaminorf$ rèport Statement of comprehensive income (Statement of financial aclivthes induding incomt and tsxpènditurè aecounll 24 ststement of financial positi.on Notes to the accounts Detailed profrt and loss account Inot part ol the Sta￿tOry accounts) 10-16 17-18 Concern Wadebridge Rèport of the Trustees for the year ended 31st March 2026 Legal and administrative infomiatksn ¢harlty nam•'. Concern Wad•b￿dge ITrading as Ihe Befy"emaTh Cefttrel Charfjty wl$tratlon numbtrr.. 1160700 Comparty règlstratlon 09148985 Regi$terwl tsffit¥ and operatlon& addr￿. John BetJ8man CèntrE SouthÈrttway Wsdebridge Comwall PL27 78X Trust￿$ l DlrKtors: D M Larkin P E Brocklebank J E H￿Ime J L Pomeroy E A Osborne M Buder E M Carkeek S KnvJhtJ8y PMTufi Bankers CCLA PO Sox 12892 Dunmow E$$¢x. CM6 9DL Llgyds Bank Svian5e8 Osc Epona House PheDnix Way Swans88 SA7 9HG Concern Wadebrldge Report of the Trustees tor the year ended 31st March 2026 The Trustees, who are also Directors for th8 purposes of the Companies Act. present their Annual Report and flnand81 statemtrnts of Concem Wadebrtdge (the Charity) for the year ended 31st Marth 2026. The Trustees confifrn that the annual report and finan￿al 5talerttnls of the Charty comply with current statutory requirements, the requirements of the Charity's governiw documnt and the provisions of the Statement trf RecoFnrnended PraCt￿e ISORPI "Awgunting Repotting by Charit￿$ under FRS102" elfe¢tlVe 1st January 2015. Statu$ and Admlnistr•tion Concern Wadebridge Is a tharitable tA)mpany lirriited by guarantee. inrx>rporated on 24th Juty 2014 Icompany number 091469851 and registered w￿h the Charty Commis5ioner5 85 a tharty in February 2015 Ichaiity registsats.on number 11fA)7001. The governing document 15 Ihe men￿r9nd￿m a￿d Arbths ofAssockation. Govornance and organ18aWon ofth8 Charlty The Board of Trustees i% the govefning body of the Charty and determines the policy of the Chamy. It is 8150 respOn%b￿ tor the overall Manageff￿nI of the Charrty and fof en$tsring that Charty Pol￿￿5 are 1[np￿tnBnted by the stsff. The Bt>ariJ of Trustees meets regulgrfy and h85 an aGtive role in the a¢tivitie$ of the charity. New TIv5tees are 8ppointed by the Beard of Trustees. InductiDll and Training Df Trustees". prorEdure5 lor recruiting and trainin9 Trustpes are in p￿Ce. The Board of Trustees aim5 to eTh5uie that its rrember5hip is appropiiale to the work of Concern Wadebridge and that any Thew Trustees add to the 8oard's diversty, skills and eXPer￿n(*. The Charty ￿ run on a voluntsry ba515 Ihe Tru5tee$ recewing no reM￿nerat￿n fDr their Se￿a¢e. Training of Twslees take8 place as required. A Manager wa$ tsken on fulttitne from 1$1 April 2016. since then Ghqnge5 of staff have taken place through reswnations. Co¥id kckdown and increased requiieYNents. In April 2022 a new manager was appointed with an as818tsnt in August and bu81ne88 ha$ steadily incr&a$ed throughout the years. rhe Charity continues to maintain good relat￿nshIpS with other volunlaty tirganisats"ons. statutory outhorbtie$ and private bu$ine5$e$ In the •re#. Risk M•n•gement The Charrty is sutlect to the ustjal ri%ks of Èny organisation and has In pl￿ suffK*nt ￿fttre￿ to reducÈ the nsk. Finanti)I Inforrnation Is reyvkrfy presented and explai￿ lo the TrusteeslDiredor$ at moftth m*tings, as weu as the Chaii, Secretary and Tr88suier m*ttng the Manager. The Trusteès regularly identfy and rev*w risk5 when preparing the annual 5trat?gic p13n bvhiGh includes rinancial, opera*'on81 and compliance rE5k5. The Charty ￿ sa*sfied that adequate system5 are in place to mrtlgate il's exposure Its risk. A full r¢¥wi of all P)IitJo8 wa$ undgrtok¢n Ou￿n9 2024 year and Proixdure$ ale rtrviEw¥d resularty. Concern Yladebridge Rtport of the Trustees lor the year ended 31st March 2026 Volunt8ers The voiuiteers are requlred to work wrth vul￿rable attull$ at times, the pc4icy 15 that workets art never unaccomponEd and all volvnteers have adequ4te training and di$cussK)n$ about poienlial problBms. DBS ¢h¢¢ks have been undertaken on all the Twstees and on siaff and Vtslunttrers where required. Investm•rtt8 Th¢ ¢h8rWs investmfrnt po*Ytrrs are governed by the MemDrandum ¢>fAsson in the Vnt*d Kingdom govtrning the preparation and di$5eminalion of financk31 staletrEnts may differ frorn le9islation in other jurisdiction5. This teptsrt has beèn prepared in &C￿rdaNCe wtth Section 419121 of the Cornpanies AEt 2006 applicable to ¢onwanl¢s subie¢i to the $rnall wmpanies. regimB. ApprDv8d by the Board olTrusts8s on...... S￿￿ed on ts behatt by... Narn8'. ELLIOT PO5it10￿.' Ch8¥ of Iruslees Concem Wa¢lebridg9 Independent Examlners Report to the trustees of Concern Wadebridge report on the accounis of the company lor the year ended 315t March 2026. which aTr set out on pages 8 to t6. Respon$ibilitie$ #nd ba$ls of ￿port As the charity's trustees of the company land a150 its directors fof the purposes of company kwl you are re$pon$ibk for the prep8rab.on of the 8¢r￿u￿¢S in 8¢cord8ricè with the requirements of the Companies Acl 2006 I'th& 2006 Act'l. Having 8atisfied mys8Wthal the accounts ofthe company 8re not required lo be avdited undei Part 16 of thè 2006 Act and are efig1bfe for independent examinats"on. I report in re8PeCt of rny examination of your chaTty's 3￿gun15 a5 carried out undeT sethon 145 of the CharitiÈs Act 2011 Ith8 '2011 Act'l. In carying out my examination I have followed the Directions given by the Chorty ¢orrKnission undersectlon 14515llbl of tha 2011 Ad. IndeptTrdent examintr$ report I have th)rry)12ted rny examination. I confinn that no matters h8V8 co￿ to my attention ¢n Connection wth the examinaliori gNing rr* ￿lise to belieye". tl accounting record8 were not kept In respect of the coryany as wquired by section 386 of the 2006 Act, or 21 the accounts dv not actx)rd wlh Ihtr5e attounting reMrd$." or 31 the accounts do nol comply %%ith the accounting requifemeTrts vf 5ectitin 396 OY the 2006 Aci other than any requirement that the accounts give 8 'tru8 and fai¢ view which is not È matter censidered as part of an independent examination.. or 41 thÈ accounts have not been prepared in 8ccordance with the rnethods and prinuples of th& statemtrnt of Recommend￿ practice for accounting and reporting by charities applwble to charities prep8riDg their gccounts in Bccordance with the FinBnGial Reporting Stand¥id applicab in the UK and Rept&blic of Ireland IFRS 1021- I have no conceins and have come acros5 no othei matters in connection with the examinalk>n to whith attention should be drawn in this report in order to enable a proper understanding of the lo be reached. Mr J A Tamblyn FCA Trudgeon Halli Chartered Accountant5 The Platt Wadebiidge Comwall PL27 7AE Datè.. Concem Wadebridge Statemènt of Comprèhen8Sve Income lftjmitrly Statoment of Financlal Actfvftfjes I In¢ludln9 the tn¢ome and Exp¢ndllur¢ A¢¢ounl }) forth• y•ar •nd•d 31 ￿1¢h 2028 Totsl Totsl Unr*$trlct¢d De$ignated Restricted Ftsnd$ Fund$ Funds 2026 2025 Notos Income and endowrnents from: DonatiDn5 and legacies Charitable actNities Investments Other 21,324 163.739 8.879 14,000 35,324 163,739 8,879 59,220 159,892 10,480 Ttrtaf incoming r¢$0ur¢*$ 193,942 207 942 229.572 Expendiiur• on- Charitable a¢bvitie$ Govemance ¢05ts Totsl r680ur¢es expended 208,119 4,262 212381 21.516 229,635 4.262 233.897 232.754 4.948 237,702 21.516 Nel gain I IIos51 on investments Net income I lexpendituro) 117,1431 135.5821 117,1431 143.0981 19,8261 117,9561 17,5161 Transfer fund$ Ntt movement In funts 135,5821 7.5161 43.0981 17.9561 Reeonciliation of funds.. Ttstsl furtds brought forward Total fund5 cafrled forward 1.027.734 992.152 13.694 8.178 1.041,428 998,330 1.059.384 1,041,428 I gain$ and losses rg¢ognised in the year are induded in the Ststement of Comprehensive Income. All income 2nd expenditure derive from continuing activit￿S. The StÈlèmtrnt of ComprehensNe Income also ¢ompl*s with the reqUi￿ent for an income and expeThditure 8¢¢ount under the Companies A¢t 2006 Con¢ern Wadebrldgo Statomont of Financial Position as at 31 March 2026 Compsny nurnbei 09146985 Charity numbef 1160700 Notes 2026 2025 Flxed a8$*ts Tangibte a5seis 10 730,205 751,005 Curr•nt assots Sto¢k3 Debtors Investrnents held as currgnt assets Cash 8t bank and in hand 500 877 500 1,285 12 183,947 89,823 275,147 201,091 92.095 Cr¢dllors'. amounts falllng due wlthSn one ygar 13 17,0231 14.5491 Net current 268.124 290,422 Net a8$¢1s 998.330 1,041,428 Funds Unrestricted ￿ValUa￿on reserve Unrestricted revenue oceumulatèd funds Restricted ftJnd5 Total charlty funds 14 97,510 114,653 15 894.642 e,178 996,330 913,081 13.694 1,041,428 The Trustees, Ire satisfied that the charitable cornpany is ent￿ert to exemption from the reouiremenl to obtsin an audit under $8ction 477 of the Compan￿5 Act 2006. The m8rnbeis have not required the cornp3ny to oblain an audit In accordan￿ with section 476 of the Act. The trustees I director8 aCknoW￿dge their responsibilities for Compl￿￿9 with the requirernents of the ¢ompanie$ Act 2006 with re5peet to accounb.ng records and the preparatK)n ol accounts. Thtr accounts have been prepared in accordan￿ wth the provisions in Part 15 of the Companies Act 2006 applicable to wmpanies $u*'gCt to the small Companies iegirne. 18focklebank asurèr Approved by Ihè board on ... The notes on pa99$ 10 to 16 form part ol financial 5tsternents. Concem Wad•bridge Notes to th• Accounts for the yèar ondad 31 March 2026 l A¢Gountlng poli¢le$ Basis ofprwration The f+nanci81 st81ernents h8ve been prepar8d in accordance wrth the Companie5 A¢1 2008 and the Charities A¢t 2011.They have also been prepa￿￿ in Complian￿ with the Staterftent of Recornmended Practice'Accounling and Reporting by char¢t￿$, ISORP FRS1021 and FRS102, the Financial Repoftiry Slandard applicable in the UK aThJ republic of Ireland. Concem Wadebndge is a public benefit entity. The financial statements Fiave been prepared on a going concern basis under the historical cost convèntion ss rnodified by the revaluab'on of current asset investrnents. The trystees wnfirm that there are no material uncertaint￿$ regardirg the ¢harstys abilty to conts'nue as a going Corn￿rn. Thè finan￿81 statements are pr8pared in stsrling. which is the fvn¢tion& currency of the entity. Ineomlng rnsourees Grants, donations and beouests are recogntsed in full in the Statement of Finan¢i81 Activth"es In the year in whith th?y are receivable. Govemment grants are wognised under the perfonrance model. Rental income is included In the Statement of F1nancial Aetivth"es on a receivablè basis. Inve5knent income is induded when receivable. Resources Expended Liabilitses are recoonised as fesour¢e$ expended where there Is a *al Of constructive obligation committing the ch81ity to the expenditure. All expendrture is a¢counted for on an accfuals basis and includes the attributable value addeLI tax which cannot be recovered. Chaiilabk expenditure wmpri$es those costs incurred by the charty in the delivery of its activities and services for its beneficia￿e$. It includes both costs that can be 81Iocated directly to $uch and th¢5¢ cgsts of an indirect nature necessary support them. Governan￿ costs indude those costs associated with meeting the constitutional and statutory requirements of the charity and include indepeThJenl examination fees and costs Iinke(I to the slrategic managernent of thB cttarlty. Atl costs are allocated belween the expenditure categories of the Statem8nt gf Firjancial Actiwty on a basis designed to refie¢t the vse of the ￿0￿rrE. Cost relating to a particular activity are allocated directly, others a￿ apports.oned on an appropiiats basis. 10 Conc9rn Wadebrldg& Note5 to the Accounts for the y••r ended 31 M•r¢h 2Q26 A¢¢umulated funds Unrestricted fund$ a￿ incoming resource$ re¢givable or generated for the object of the charity wrthoLrt futher specified purpose are available as general funds. Restricted funds are subject to speafic conditions by donors and grant making bod*$ as to how they rnay be used. The purpose and uses of any restr*oted funds are set out in the notes 19 thg CCOLtnts. UnreaNs¢d andmllsed galns Re81i$ed gains and 1055¢$ ar¢ *n¢luded in thg ?￿ounts on the dats at whickn the contra¢tual obluation is entered into. Unreal>sed gains ano losses are computed by reference to the market value of the investrnents al the balance 8h¢el dats. G¢)rnpargd to broughtfowaid cost or vatu8tion. The charity maintains a general unrèstricted fund which mpi*sents fttnds which are •xptsndable at the di8cretion of the trustees in the fvrtherance of the object ol the chanty. Such fvnds may b& hekl in order to finance both workiw caprtal and capital investment. Restricted funds are funds that are to be used in accordance with specific restn¢t*ons imposed by the doTTror, or have b80TE r8i8èd by the charity for particular purposes. The aim and us8 of Èach restricted fund Is set out in the notes to the finanrial statements. Rèsetvès arÈ maintainèd by th8 charity 8t 8 levél adequate to m8irTrtain the Curren¢ op8r8b"on$ of the charity. Flnan¢l4linstruments A fin8n¢ial Asset t)r liability is ￿cOgniSed only when the chafty bewme paty to the contractual provisions ol the irTrstruments. Basic financial instruments are initia1Sy recognised al the transaction price, unless the arrangement constitutes a finÈneir¥J tiansaction, where It is recognised at the present value trf ¢he future payments discounted at a market rate of interesl for a similar debt instrument. Sto¢k$ Stock k8 measured at the lower ol cost and net realisabt8 value. T*ngllJle fix•d4SS8ts and depreclatlo All assets costing MO￿ that £400 are eaprtaliseil Dep￿￿kn0n has been provided at the following rates In order to wilte off the assets over th6ir estimated useful Iwe$. Land and buijdirys Equipmènt Molor vehic 2% straKJht line 5% and 10Qkn straight linè and 25¥0 radu￿r0 balancè 25% redwing balan Debtors Short term debtors are measured at transaction pri￿ (which is usually the Invol￿ pr*¢g1. any impairment losses for bad and doubttul debts. Loans and other financial assets are inrtially T￿￿nIS￿d al Ir8nsa¢b"on pri¢e in¢ludin9 any transaction ¢ost5 and 5ubsequenUy measurgd ot amortsed cost detem)Ined usiryJ the effeth.ve interest method, ￿$$ any impairment losses for bad and doubltul debts. Con¢ern Wttdebrldge Notas to th• Ac¢ounts for the year ended 31 March 2026 Cr•dlÈo Short term creditors are Measu￿ at transaction pri￿ (which is usualty the Invol￿ pr￿e1. Loans and tsth8r financial li8bili*'es are initially recognised at trans8¢tion pri￿ net of any transaction costs and 5ubsequenly measuied at arnortised cost detettnined using the effectsve interest method. P•nsltsns Conlributi¢)ns to d&fined conlribution plans 8re expensed In t1￿ poriod lo whi¢h they relate. 2 Don#Wons ond legaclg8 2026 2026 Bequests Donations Grants 9.840 11,484 14,000 35,324 8,699 12,461 38.060 59.220 3 Charilabkn actlviti•B 2026 2026 A¢ce5s mini bus A¢￿5 shoprnobility Certtre a¢tivib'es Coach trips Feed in tarffF Fundraising Membership Retreshmenls Sundry 2,511 9,704 2,549 1.014 8,195 850 3,273 20,924 6.301 75,681 2.579 21,601 7.871 70.293 120,943 112.408 4 Rentsl Income 2026 2025 HI￿ of cen 42,796 42,7 47,484 47,484 12 Concèrn Wad•bridge Notss to the Accounts for the year ended 31 March 2026 6 Inw¥trngnts 2026 2026 COIF dividends received Iriterest receNable 5.909 2,970 8.879 5.736 4,724 10.460 Dlre¢t osts 6 Charitable a¢￿¥[1￿?$ Staff costs 2026 2025 Access mintbus A¢￿$S shopmobilrty Card sales Coach trips Feed in tariff Refre51%nents Centre a¢tivit'g5 Hire ol centre 5.563 7.795 69 5,5S3 18,701 69 16.711 13,966 895 10,906 1.456 56.834 2.109 46,749 120,575 1.456 105.912 2.109 95,826 229,635 49,077 74,145 7.308 76,408 192.131 49,077 109,080 8a$l$ of allo¢*tEon Stsff th Olrect 7 Govèrnante costs 2026 2026 Independentèxamination Accountancy and bookkeeping 970 3,292 4,262 950 3,998 4,948 8 Staff colts 2026 2025 Wages and 5alaF¥es Swial security costs Ernployerf5 pension contribthon 103.471 3.944 1,645 109,060 93.875 3,542 1.419 98,636 The average weekly numbor tsf 8rnployeÈs during the year, ¢al¢vlated on a full_time equivalent basis, was. N¢ ¢mploy¢e r¢¢•iv¢d r•munor3tign amounting to F￿0￿ tr8n £60.000 in eithor ygar, Truste¢s ts¢Èived ng rernuneration QT bengfits in kn'nd during the year £Nil12026 4Nill. Expenses totalling £Nil were paid to Trustees12025-£Nill. 13 Concern Wadgbrldgg Noto$ to the Accounts lor th¢ year ¢nd¥d 31 Mar¢h 2026 9 Taxatlorl Con￿rn Wadebridge is a registered charity, ¥*h￿h applies its in£tsmè for charitable purposès. As such, no provision is considered necessary for taxation. 10 T4n9ibh fixed a￿ets Plant and ma¢h5nory Land and bulldlngl Totsl Co$t Al 1 April 2025 A￿d￿on$ Disposa15 At 31 March 2026 854,402 133,884 8,326 988,L%6 8,326 12.8451 993.547 854,402 139.145 D•prn¢latlon At 1 April 2025 Charge for the year On disposals Al 31 March 2026 187,834 16.728 69.426 11.830 12.2761 78,980 237,060 28.558 12.2761 263,342 184,362 Net book valuè Al 31 March 2026 670.040 60,165 730,205 At 31 March 2025 686.768 64,238 751,007 11 Dèbtors 2026 2025 Trade debtors Prepayment5 and accrued tn¢orn 187 545 740 1,285 877 12 In¥estment# h8ld as current a$￿ts 2026 2025 Unts"stscl investh)ents 183,947 201,091 The unlksted Invèstments have b&*n defined as a currènt as58t Invèstrn8nts du& to the nature of the investments and the temis ol withdrawal offunds from these investrnents. 14 Contèrn W•debrklgè Notgs to th8 Accounts for the year ended 31 March 2026 13 Credltorn: *mounts falllng duè wlthln on? y¢kF 2026 2026 Trade ualitors Accruals ar￿ d6ftstred ￿nCome 27 4,522 4.549 7.023 7.023 14 Movement In funds Intomlng r￿QUI¢•5 and trnnsfern Balanco 1 Aprfl 2025 arbd tran6f8 M•r¢h 2026 Restricted Funds lottery- Health & Welbelng Volunteer Comwèll 13.694 7,516 14.000 6.178 14,000 13,694 17 Unr•st￿¢t0d Fund# Ganèr81 Funds 1,027, 17 .799 212,381 992,152 Total Funds 1,041,428 998,330 During the financial ￿ri¢￿ tran$fets of £Nil 12026'£Nill were made from restricted lunds to 9energ1 fvnds. 15 Concem Wad8brldg• Notes to the Ac¢ounts for th& yéar ended 31 March 2026 15 Analy¥i¥ of ngt betsfoen fund¥ Total funds 2026 Total Funds Unr•strfj¢ts Restri¢ted 2025 Tangl￿e fixed assets Stock Debttsrs Cash at bank 8nd in hand Investments held as current assots 730,205 500 877 83,645 730.205 500 877 89,823 751,OL15 50D 1,285 92.095 6.178 183,947 183.947 201.091 Cradf(ors 7.0251 ,14 17.0251 14.549 14 Unr•strlcted r•valuatlon r¢s•No 2026 At 1 April 2025 Arising on revaluation during Ihe yo&r Realised gain on sale of investment At 37 March 2026 114.654 117,1A41 97,510 16 Charlty fund¥ 2026 At 1 April 2025 Loss forthe year 926,775 125,9551 At 31 Mareh 2026 900.820 Restrieted funds unreStr￿ted funds 6,178 894.642 900.820 16 Ulllmats ¢ontrollÉng ￿rty The charitable company is cOntrol￿d by ihe board of Trustéès. 17 Oth¥r infonnatson Concem Wadebridge Is a charita￿e company ts.mtsd by guarantee and incorporated in England. Its r￿l$ler￿S tsffictr i%". The BetJ"eman Centre Southemway Wadebridge Comwall PL27 7BX 16 Concem Wadebridge D•tsll¢d profit and lo$$ a¢count for the year ended 31 March 2026 2026 2025 In¢omlng Rèsour¢•s Donations and l•gacl•s Bequests Donations Granis 9,840 11.484 14.000 35.324 8,699 12.461 38,060 59,220 Charltsbl• oetlvltl¢$ Access minibus Accèss shopmobility Centre activrtie5 Fèèd in tariff Fundraisin9 Mefflbership Retre$hment$ Sundry 2,511 9,704 2,$49 3,273 20,924 6,301 75,681 1,014 8,195 2.579 21,601 7.871 70,293 120,943 112,408 Rental in¢c+me Rènt I hire ol hall 42.798 47.484 47.484 knv•stments COIF dividends re￿iVed Interest re¢eiv8ble 5.909 2,970 5,736 4,724 Total Rècelpts 229.672 17 Concern Wadebridge D&tsil¢d profit and loss ¥¢¢ount for the year ended 31 March 2026 2028 2025 Outgolng re$oure•$ Charitabl• Aetl¥ltl•s A¢￿8 Shoprnobility expenses Advertising Centre aclivibes expenditure Cornwall counal rates Computers Equiprnent Depreciatron Fundraising costs leanire Grant expendtture InsEEran Interest payable Minibus trips and rèpairs Admin expenses Legal ar¥d professional LI￿nCeS Purch85e rEfreshrn&nt sto¢k$ Repairs and maintenance str1￿nÈry & prinb.ng Telephone & broadband Uts"lth"è$- electnc Utilib"es- 9aS utilrt1os- watèr Wages & Salaries Training 100 1,378 450 72 1,903 741 533 60 1,812 29,127 755 10.919 7,516 4,989 36.219 758 10.829 8,615 4.518 218 925 2,539 2.800 1.860 20.526 21,195 3,821 1,666 7,751 3,504 1,683 98,636 756 3.072 2,93S 1,703 24.012 10,338 3.479 1,749 7,954 3,202 2.261 109,060 228 229,635 232,754 Goveman¢e ¢o$ts Indoptrndentexaminatlon l 8¢ctsuntaJJ¢y 8nd bookkgoping 4,262 4,948 Totsl Poym•nts 233.897 237.702 Not 98in I Ilo$$l on invtr5tments 117,1441 19.8261 Total galn I (loss) 43.099 17,957 18