Annual Report 2020/21 Bude and Stratton Community Project Neetside Community Centre 



## About Us 


## **Vision** 

Our vision is for a thriving local community with Neetside Community Centre at its heart. 

## **Mission** 

Neetside Community Centre exists to provide well serviced spaces for hire, supporting organisations and individuals for the benefit, well-being, education, social welfare and enrichment of the local community and its environs in North Cornwall. Neetside thrives on the diversity of our community and strives to be an actively inclusive setting for all, with the needs of our community at the heart of everything it does. 

## **Summary of Achievements 2020/21** 

- Worked in partnership with Bude Coastal Community Team and Churches Together to establish a Social Action Fund, raising £9,000 and distributing through an application process to community and voluntary groups. 

- Led on the production of a feasibility study of Youth Provision in Bude to be launched in September 2021. 

- Refurbishment of ground floor ladies’ toilets 

- Toy Library store roof refurbished. 

- Trustee meetings held via Zoom throughout the 

   - Covid-19 pandemic. 

- Lift workings have been brought in line with new 

   - health and safety requirements. 

- All appropriate policies reviewed in light of Covid-19. 

## **Our Values are:** 

1.  to have an open-door policy, welcoming everyone irrespective of race, gender, religion, ability, or lifestyle choice. 

2. to provide safe and welcoming spaces. 

3. to foster good communication. 

4. to provide value for money. 

5.  to have the trust of our visitors and stakeholders. 

6.  to value our Employees, Volunteers, Trustees, Hirers and Visitors. 

7.  to have an effective and well-informed Trustee Board and staff team. 

8.  to be innovative in delivering our services and always considering ways to improve them. 

9.  to work in a sustainable manner for the benefit of the environment. 



## Our Trustees 

**Hilary Workman** (Chair) 2006 – 

## **Clare Hicks** 

(Minutes Secretary) 1994 – 

**Jan Hunt** (Vice Chair) 1994 - 

## **David Bryant** 

(Treasurer) 2015 – 2020 **Brian Dixon** 2009 – **Jackie Thorpe** 2019 – **Heather Smith** 2012 **– Julie Gray** 2015 - **Tony Harper** 2016 - **Chris Jewell** 1995 - 


## Our Staff 


**Miranda Clarke** (Manager) 2017- 

**Louise Pearce** 

(Office and Finance Administrator) 2014 - 

**Linda Wilson** 

(Admin Assistant) 2020 - 

**David Mitchell** (Caretaker) 2015 - All staff are part time. 



## Chair’s Report 

This last year has been difficult for everyone in so many ways, but I am pleased to report that Neetside has remained open to provide office space for health and community related activities since July 2020. 

This provision has only been possible through the hard work and commitment of all our staff who ensured protocols were in place to make the space as safe as possible and compliant with government guidelines. Neetside’s main income is through hire, which has been severely  reduced by Covid-19. To support many of the organisations and groups who work in our community whilst securing our financial stability throughout this financial year, Neetside has utilised its own reserves alongside the furlough grant scheme and business support scheme and we are grateful to have been able to do so. 

Throughout this period, Trustees have met monthly, moving meetings online to zoom, and reviewing all our policies to make sure they were covid compliant. In December, Trustees partnered with Bude Coastal Community Team and Churches Together to establish Bude Social Action fund, raising over £9,000. Through an application process this was distributed to local groups and organisations who were supporting Bude citizens to cope with issues arising from lockdown and Coronavirus. In addition, the lottery funded youth feasibility study has been 

completed, despite Covid restrictions, and will be launched in autumn 2021. 

On behalf of all Trustees may I thank all concerned in managing to secure a future for Neetside as a haven for local groups and as a voice for the local community, despite all the problems of this last financial period. 

I look forward to a productive 2022. 

## **Hilary Workman.** 





## Our Finances 

## **Summary of Financial Statement for the year ended 31st March 2021 of Bude and Stratton Community Project** 

||**Notes**|**£**|
|---|---|---|
|Total income||76,772|
|**Total expenses**||**86,323**|
|Net surplus||(9,551)|
|**Total funds brought forward from 31/03/2020**||**697,882**|
|Total assets less current liabilities||688,331|
|Unrestricted funds|N1|194,004|
|Restricted funds (Including the Building)||494,327|
|Total||688,331|
|Tangible fxed assets 31 March 2021|N2|510,168|
|(Building, Furniture, Fixtures, Fittings)|||
|Staff costs (4)|N3|41,281|



## **Notes:** 

1.   Included within the unrestricted total is £73,150 that would fund the running of the building for 6 months and meet any redundancy payments that may be payable in the event of the project winding up completely. 

2.   On becoming a Charitable Incorporated Organisation (CIO) the building was transferred into the charity at a revalued amount of £520,000. The property being valued at £350,000 and the land at £170,000.  The property will be depreciated at 2% per annum. 

3.   No employees received emoluments in excess of £60,000. 

4.   There were no Trustees’ remuneration or other benefits for the year ending 31 March 2021 nor for the year 31 March 2020. 



## Bude-Stratton Social Action Fund. 


lip reading sessions and providing counselling for 11 – 18-year-olds. 

The Bude-Stratton Social Action Fund was established in December 2020, by Bude Coastal Community Team (BCCT), Bude-Stratton Community Project (BSCP), Christians Together in Bude & Stratton (CTBS) and Bude-Stratton Town Council (BSTC), with the aim of distributing money to community groups and charities addressing the impacts of the Coronavirus in the wider Bude area. 

The partnership hopes that the success of this first ever Bude-Stratton Social Action Fund will inspire a further round of fundraising and fund giving. 

A Crowdfunder campaign raised £5,780 for the Fund, with an additional £1,500 being pledged by local Cornwall Councillors. The fund was also supported by Bude-Stratton Town Council, Marhamchurch Parish Council and Cavanna homes. 

Over the period of 2 months £9080 was raised. Through an application process 13 community groups benefited including: Marhamchurch Preschool, Marhamchurch Methodist Church, Christians Together in Bude and Stratton with Transforming “ Lives for Good, Bude Food Bank, The Haven, Bude Methodist Church, Stratton Primary School, The Pearl Exchange, Beach Pastors, Bude Primary Academy, Cornwall Lipreaders Et Al, 2nd Bude Scouts and Bude Area Toy Library. 

Clare Hicks, Trustee, Neetside Community Centre said: “We are tremendously grateful to all who so generously donated towards the Social Action Fund. We look forward to seeing the real beneficial impacts this funding will have on our local groups, and, having proved so successful, we hope that the Social Action Fund can be continued into the future”. 

The funding supported a variety of projects across a range of age groups and communities. From creative home-schooling packs for primary aged children to mental health support for families, building a sand pit and mud kitchen for pre-schoolers to supporting 



## Bude Voices: Feasibility Study The Young People of Bude 


In 2019 Neetside Community Centre was awarded £8300 from the National Lottery Community Fund, to look at the current opportunities, activities and provision in the Bude area for young people. The outcome is a feasibility study produced in consultation with young people that highlights the wonderful groups and activities already provided whilst evidencing any areas that are lacking. 


The idea was first sparked by two members of BLEND youth group who at a community event ‘Shaping My Community’, expressed their concerns for the lack of opportunities, places for young people to go and their desire to help improve the lives of young people within the local community. 


A steering group including representation from Neetside Community Centre, Blend and The Pearl Exchange commissioned Wave Collective, Lydia Mills and Mandy Youell, to write the report. Fliss Loxley worked as the creative practitioner, working directly with young people and encouraging them to have their say as part of the study. Finalised in September 2021, the report is available from Neetside Community Centre on request. 



## Volunteer With Us 

Trustees, repairers at Repair Café and caterers at Repair Café are all volunteers and we’re looking for more. We’re also often aware of other volunteer vacancies in the area, pop in and see our noticeboards. 




## Hire Us 

Bude Stratton Community Project (BSCP) 

Neetside Community Centre, Bude, EX23 8LB 

T: 01288 353403  E: enquiries@neetside.co.uk  W: www.neetside.co.uk 

Rooms available from; £6 per hour, £18 per half day, £35 per full day. 




Bude & Stratton Community Project CIO
Registgrod No. 1172752
Rgport of the Trustees and
Unaudlted Fln8nclal Slatemenlg for the
Ygar Ended 31 March 2021
Lèonard & Co
Chariered Cerlilied Ac¢ounlanl
Lanp Mjll
WoDl*ry
Bidelord
Devon
EX39 5PZ

e&Sira
mmunil Pro
nlenls ol th Fin
ncial Sl818m n
l March 2
21
Paoe
Flewrt lo Trustees
1102
Ind8pendefjl Examlner's Report
Sl&l8menl ol Financial Aciiviiies
Balance Sh8el
Notes 10 the Flnan¢lal Slalem8018
6108
Oeiailed Sl2lemeni ol Flnancial Aciivlllos

Bud& &
n Communil Pr
I the Tr￿Sta&S
l M rch 2021
The Irusie8s present their r8pori wilh the linancial siai8m8nis ol Ihs charity lor lh8 y&ar ended 31 March 2021.
The Irus188s have adopi8d Ihe provision5 01 Accouniino and fiÈporling by Chaiili8s.' Siaiemenl ol Recomryiended
Practice applicable 10 chaTilies preparing their accounts in accordantÉ with the Financial Reporiing Standard
applicabl& in th6 UK and Rapublr ol Ireland IF￿SlO2) l¢llecliv8 1 January 20151.
OBJECTIVES AND ACTIVITIES
The chaiilable obieciives ar8 10 prvmole Ih? tsenelil ol the inhabitants ol the area ol tho bgn81il (Buda, Slraiion
associaiing logelher the said inhabilanls and lh8 local aulhorilies, voluntary and other orgafjisalions In a common
8110rt lo adv8nc8 educalion and 10 provldtr lacili1185 th8 interests o150cial w8llar8'. lor 18ci&aiion and leisur8-lim8
occupation with the objeei ol Improvlno Ihe condition5 011118 lor Ihe salé inhabilanl¥.
ACHIEVEMENT AND PERFOAMANCE
On 25 April 2017 th8 ¢harily iegisier8d wllh Iho Charlly Commlsslon as * Charliable Incorpolaiod Organ15alion ICIOI.
The property Ihe chariiy oporaios Irom. which wa$ PTe¥iou51y by Iha Olllcial Cu51oLlian lor Charities. was
Iranslerrers as a don81ion Into tho CIO. Th8 propeny was brought Into Ihe CIO ai lis lair value.
FINANCIAL REVIEW
Al Ihè 31 March 2021 yoar end ther8 were ioial lunds 01 £688,331 compri51ng of £194.004 unresiricied lund5 and
£494.327 resirlcled funds.
REFERENCE AND AOMINISTRATIVE DETAIL5
Fl•g181or8d Charlty number
1172752
Prlnclpal Addr•••
Neelside Communlty Cenire
Bude
Colnwall
EX23 8Le
Truslee•
Hilary Workman
Jan Hunt
Clar8 Hicks
Chrls Jgwell
8rian Dixon
Hfyalh8r Smllh
Julle Gray
Jackie Thorpo
Tony Harpgr
David Bryant
IResign8d 21109120201
Indepondont Examlner
Leonard & Co
Chariered Certrfi8LI Accouniani
Woo158ry
Idelord
Devon
EX39 5PZ
Pag¢ 1

tton Communi
rt ol th8 Trus
rEn
cofjlinued
STFIUCTUAE, GOVERNANCE AND MANAGEMeNT
Governlng document
The charity is coniiollorl by lis consliluiion d818d 25 Aprll 2017 ar￿ is a Charilable I￿OrpOralert Oroanisaiion.
R18k managemeni
The Iruslees ttave a duty Io iLlenlily and r8viaw the risks lo which Ihe chariiy Is 8xposed and 10 onsure
appiopTiale conliols are in plac9 Iv pro¥idg reasonabi8 assurancè again51 fraud and error.
ON BEHALFOFTHE BOARD..
Tru51ee
Dale
~20
Page 2

& Stratton
offlm
I repon on the accounts lor th8 year ended 31 March 2021 s81 out on paoes Ihree 10 seven.
Ro$pectlve re8pon8lbllllle$ ol Irusteos and examlnar
Th8 charity's Iiuslees are responsible lor Ihtr prpparaiioll ol th8 accounts. Th8 charity's Irusiaos ¢on5ider Ihal
an audit 15 not r8quired lor Ihis y9aT lundgr Section 144121 ol th& Charili8s Act 2011 Ilhe 2011 Aclll and Ihai
an ind8p8nd£nl exatninaiion is requir8d. The charity'5 oross incom8 Is lass Ihan £250,000 and l am qualified lo
uncjeriake the exarninaiion by btrlng a qualified melnber ol Iha Association ol Chartered Certified Accounianis
IACCAI.
11 is my responsibility lo..
b examine the accounts under S8Clion 145 01 the 2011 Act
lo follow Ihe p¢a¢0dures laid down in Ihe Ganeral Dlrecllon5 giv8n by Ihe Charliy Commlsskin
lurQor Secliofj 14515llbl ol Ihe 2011 Acll.. and
lo slaia wheth81 parlicular ffjallers have com8 10 my all8nlion.
BaslA of lh• Independent OXgmln•r'$ reporl
My examination wa5 c8rri8d oui in accordan¢e with the Genaral Dir8ciions oiven by th8 Charity Comfflission.
An 8xaminaiion Includ6$ a rgvi8w ol Ihe a¢¢ouniing r6eord5 kept by the chaiiiy and a comparison ol Ihe accoun15
piesonlgcl with Ihosa r8cords. 11 •lso includes consideraiion ol any unusual items or disclosur8s In tho accounts,
and so&king explanations from you a5 liusle8s concerning su¢h m2110rs. The procedur86 undertaken do noi provld9
811 Iha evidance Inai would b8 r8quired in an avdll, and consequently no opinlon is oiven as lo wheiher the accounis
prg$eni a'irue and fall vlew, and Iho reporl is lirni18d 10 those mailers 981 out in th? $1818m8nls b810w.
Indop•ndonl exBrnln•r'8 Stai¢m•ni
In connect￿n wilh ffly examination, no maiior has eome lo my allenllon..
111 whlch glves ffl8 r8880nabl8 caus• lo belleve thai, In any malarial respect. th8 requlr8m8nis
lo k8ep a¢¢ounling records in a¢coréanc8 with S8clion 130 01 the 2011 Aci., alld
10 pr8pai8 accoijnis which accord wlih tho occovniina records and lo comply wllh th8 acceuniing
r8gulremonis ol th8 2011 Aci
have noi beon rn81,' or
12110 which. in my oplnlon, attention should be drawn in order to 8nabl8 a pioper understanding ol
Ihe 8c¢ounis lo b8 reached
Mr N Loonard F.C.C.A
L8onard & Co
Chèrlpred Certllied Accouniani
Woo159ly
idelord
Devon
EX39 5PZ
Date
Page 3

Siraiion
mtn
ci CIO
ment ol Finaficial Activities
31 Mar
31.03.21
31.03.20
Unr8strlct8d
Fund
Reslrlcted
Funds
Totjl Funds
Toial Funds
Noles
INCOMING RESOURCES
Inromlng resour¢è3 Irom gen•r•i80 lund*
Voluniary Incotne
Aciivilies lor g&neraiir*J funds
Inv8sim8ni Incomanosses
561
59.862
15,399
950
8,325
77,088
59.862
15.399
Tothi Incomlng r88our¢o8
75.822
950
76,772
83.991
RESOURCES EXPENDEO
Costs ol generatlng fund8
Costs ol g8neraiing income
Char518bl• acllvltles
General
Govèrn•nce coals
Other r080urce¥ •xp8ndod
26,168
26.168
24.904
41.752
1.972
4,018
5.413
47,165
1.972
46.789
7,000
Tolal ro*ourc•s exp8Thd•d
73.910
12,41S
86,323
83.998
NET INCOMING RESOURCES
1.912
111.4631
RECONCILIATION OF FUNDS
Total lunds brought forword
192.092
505.790
697,882
697,889
TOTAL FUNDS CAAAIED FOAWAAD
194,004
494 327
688.331
697,882
Th8 nol8s form part ol these linan¢ial stat6m&nis
Page 4

&Sii
Balan
131 Mar
31.03.21
31.03.20
Unresiileted
Fund
Restrlcted
Funds
Note#
Total Funds
Total Funds
FIXED ASSETS
Tanglble assets
18,168
492,000
510.168
520.790
CURRENT ASSETS
Oebi¢rs
Cash ai bank and Sn hand
Inveslmenls
4,867
92.848
78,628
176,343
4,867
104.255
78.628
187.750
11.407
106,550
83.953
177.613
11.407
CURRENT LIABILITIES
Crediiors
15071
19,0801
19,5871
NET CURRENT ASSETS
175.836
2.327
178.163
177,092
TOTAL ASSETS LESS CURRENT
LIA81LITIES
194.004
494.327
688,331
697,882
NET ASSETS
494,327
688.331
697,882
FUNDS
Unre51ricled lut*s
A$sirici8d Funds
194,004
494.327
192,092
505,790
TOTAL FUNDS
688.331
697,882
Th8 Ilnoncial slalements wore approved by IhB Board ol Tru$ie$s on
behall by,.
161.J.q l£i.....,...
and were slGn8d on Ils
Chair- Hilaiy
orkm&n
VIC8 C
r l Acting Tre4sur8r- Jan Hunt
Acling Investments
dvisor- Tofjy Harper
The notes form pari ol these financial slaiemÈnlS
Pag8 5

rnmunl Pr
lo th8 Finan
I rihèy
r Ended
I Sla18m&nis
1 M h2021
11 AccouwfiNG POLICIES
Accountlng ¢onvenllon
The financial siaietnen15 hava beèn prepared und&i the hi510rical cost tonvenlion. an(J in accoidance
With tha Financial Reporting Slandarrs lor Smaller Enii118s lalleclivfr April 20081, Ihe Charili8s Aci
2011 and the iequiramenis ol Ihe Slalemeni ol Recommended PTaclicB. Accounting and
RÈporting by Charilies.
Ineomlng resouices
All incoming re50urc8s arg included on the Slal9ffl8ni ol Financial Activities when the charity is
Iggally aniiilèd lo Ihg income and Ihe awuni Can be quanlilied ￿￿th roasonable accur8Cy.
T8nglble fl¥ed 889et$
DepreciaiiDn 15 prov￿8￿ In ord6r lo wri18 011 each assei ov8r Its esiimaled uselul Ille.
Fre8h0￿ Pfoperiy..
2Y¥ and IO¥ts Slraighl line
Cornpuler Equlpmenl.. 33Yts Slralghi line
Resoure88 •XPonded
Exp8ndllure is accounied lor on an accruals basis and has b9en classilied under hgadings thai
8ogTegale all cost rglaled to Ihe ¢aiegory. Wlier8 co$is cannot be rslrèciiy aiiribuletr 10 particular
headings Ihoy hav8 been allocal£d lo a¢iivilles on a b881$ ¢on$is18fj1 wllh Ihe use ol rè$ourc88.
T8xaiion
The charlty is ex8mpi llom tax on Ils charitable aclivliles.
Fund accounllny
Unr8siri¢isd funds can b8 U88d In 8¢cordènce wllh the charllable objectives ai Ihe dlscrelbn ol Iho
Irusle8S.
R88irl¢i&d funds can only bg used lor parlicular purp088$ ¥vllhln th8 oblecis ol the charlly.
Agsiriclions arlse ¥vh8n specllled by the donor or when lund8 are r81sed lor particular resirl¢ied
purposes.
Funher ¥xpl8naiion ol the n8lure and purpos8 018ach luné accounts Is Included In Itt8 notes
10 tha linancial sialemgnis.
21 ACTIVITIES FOR GENERATING FUNDS
31.03.21
31.03.20
Room rents
Oiher sundry Income
33,403
42
33,445
76.845
243
77,088
Governmeni Grants R¢c•lvable
Small Buslne5s Grani
Job Releniion Scheme
18,097
8.320
26.417
59,862
77.086
31
Inv8strnent Income
31.03.21
31.03.20
Deposil account Interest
GaInS￿o8seS on investments
Dividend5 recew8d
253
14,675
471
15,399
146
12.3481
780
1,422
Page 6

on
I h Finan
I Slai8m8n
d8d31M
21
41 TRUSTEES, REMUNERATION AND BENEFITS
There war8 no Trustees, r8rnungraiion or olh8r b8n&liis IOT the year ended 31 March 2021 nor
loi th8 year end8d 31 Maich 2020.
Tru8lee$' Bxpens88
There wer& no Tru518es' expenG•s paid lor Ihe y8ar ended 31 March 2021 nor lor the yedr
andad 31 March 2020.
51 STAFF COSTS
31.03.21
31.03.20
Wagas and salarie5
44.525
41,281
44.525
The 8verao& monthly numbgr ol èmploye88 durino the year was as follows..
31.03.21
31.03.20
No employoos recelved emolum8nl8 In exc89$ 01 £60.000.
61 TANGlbLE FIXED ASSETS
Freohold
prop8riy
Flxlure8
Computer
8qulpm8nl
Totalo
Coat
Al 1 Aprll 2020
Addlllons
Dlsposals
Al 31 March 2021
555,321
8,663
396
1,341
56S.325
396
555 321
9,059
565.721
D•preclailon
Al 1 April 2020
Charga lor Ihg year
Charge on d15POS8Is
Al 31 M￿rCh 2021
35.129
10.532
8.183
422
1,224
64
44,535
8,605
1,288
55.553
Nat Book Valu•
Al 31 March 2021
509,661
454
3S
510,168
Al 31 March 2020
520.193
480
520.7
71 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
31.03.21
31.03.20
Trade d8biors
Other debtors
4.751
6,998
4.867
Pag8 7

tton Communi
o th8 Finan
ment8
31 March 2021
81 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
31.03.21
31.03.20
Trade crediiors
PAYE creditor
Pension cr8dilOT
228
235
58
521
288
48
507
Othtr Credltors
Bud? So¢lal Action Fund
9.080
9,080
9.587
521
91 MOVEMENT IN FUNDS
Nel
Movarnont In
fund¥
01.04.20
31.03.21
Unre*irlcl8d lun4•
G&norBI fund
192,092
184.925
A8slrl¢i•d lunds
Pioperly
Sainsburys donallon
National Loiigry Communlly Fund
Le&rnlno Parlnershlp
Bude Soclal Action Fund
499.000
so
6.740
17,0001
492,000
50
1.327
950
9.080
503,407
950
9,080
12,3831
505,790
TOTAL FUNDS
697.882
9.551
688.331
Nel movem•ni in lund&. Irbcluded in Ihe above are as lollow5.'
Incomlng
resources
R•8ourc88
oxpend•d
Movem•nt
In lunda
Unrestrlcled lund*
G8neial fund
66,742
173,9101
17.1681
Re8111cted tund8
Property
Sainsbuiy5 (Jonat￿n
National Loiiery Comfflunily Fund
Learnino Partnership
ude Social Action Fund
17.0001
17.0001
950
9.080
950
9,080
10.030
12,3831
86.323
9.551
Page 8

Pro
18menl ol Fin
rEn
l March
f rlheY8
21
31.03.21
31.03.20
INCOMING RESOUACES
Voluntary Income
DonÈiions
8,325
Acllvltles for oenerallng fund$
Room rents
Other sundry incom8
33.403
42
33,445
76.845
243
77,088
Government gr#nls rec8lvabl8
Small Businass Giant
Job Rolenlion Scham8
18.097
B.32D
28.417
Inl8r881 R¢eelvobl8
Deposii Actounl Inl8re81
253
146
Incomlng resourc08 from eh•rltible actlvllle8
Dlvidend income
G81ns110s5￿ on invo$imoni$
Toithl Incomlng r¢•ources
471
14,675
76,772
12.3481
83,991
RESOURCES EXPENDED
Coals of g¥n•rallng Incomo
Pensio
Aales and waleF
lTrsuranc8
Light and he81
T81ephon
Posiag& and Slalloneiy
Adveriisino
Cleaning
R8palrs and ien8wals
Bad debts
440
272
2.496
2,802
894
529
1,045
2.574
4.941
927
426
605
3,232
10.625
754
1e.648
13341
26,168
24,904
Govern8n¢o co8lo
Aceounlancy
Prolasslonal lee8
972
1,000
924
2SO
1,972
Support eosts
W200S
Sundries
DonaiiDns
1,154
41.281
5.640
44,525
2.IS6
46.921
D•pr8clallon
Depr&cialion on freehold property
46,661
10,532
422
64
10,532
555
64
Depr8claiKin on compu19r equipmeni
Informallon technology
Compuler cosis
243
128
242
128
Total ¥e$ources expended
86.323
83.998
Nel Incom2ilExpensesl
9,551
This page doas not form part ol the Slalulory financial staiÈments
Pagp 9

Bude & Stratton Community Project CIO
Registgrod No. 1172752
Rgport of the Trustees and
Unaudlted Fln8nclal Slatemenlg for the
Ygar Ended 31 March 2021
Lèonard & Co
Chariered Cerlilied Ac¢ounlanl
Lanp Mjll
WoDl*ry
Bidelord
Devon
EX39 5PZ

e&Sira
mmunil Pro
nlenls ol th Fin
ncial Sl818m n
l March 2
21
Paoe
Flewrt lo Trustees
1102
Ind8pendefjl Examlner's Report
Sl&l8menl ol Financial Aciiviiies
Balance Sh8el
Notes 10 the Flnan¢lal Slalem8018
6108
Oeiailed Sl2lemeni ol Flnancial Aciivlllos

Bud& &
n Communil Pr
I the Tr￿Sta&S
l M rch 2021
The Irusie8s present their r8pori wilh the linancial siai8m8nis ol Ihs charity lor lh8 y&ar ended 31 March 2021.
The Irus188s have adopi8d Ihe provision5 01 Accouniino and fiÈporling by Chaiili8s.' Siaiemenl ol Recomryiended
Practice applicable 10 chaTilies preparing their accounts in accordantÉ with the Financial Reporiing Standard
applicabl& in th6 UK and Rapublr ol Ireland IF￿SlO2) l¢llecliv8 1 January 20151.
OBJECTIVES AND ACTIVITIES
The chaiilable obieciives ar8 10 prvmole Ih? tsenelil ol the inhabitants ol the area ol tho bgn81il (Buda, Slraiion
associaiing logelher the said inhabilanls and lh8 local aulhorilies, voluntary and other orgafjisalions In a common
8110rt lo adv8nc8 educalion and 10 provldtr lacili1185 th8 interests o150cial w8llar8'. lor 18ci&aiion and leisur8-lim8
occupation with the objeei ol Improvlno Ihe condition5 011118 lor Ihe salé inhabilanl¥.
ACHIEVEMENT AND PERFOAMANCE
On 25 April 2017 th8 ¢harily iegisier8d wllh Iho Charlly Commlsslon as * Charliable Incorpolaiod Organ15alion ICIOI.
The property Ihe chariiy oporaios Irom. which wa$ PTe¥iou51y by Iha Olllcial Cu51oLlian lor Charities. was
Iranslerrers as a don81ion Into tho CIO. Th8 propeny was brought Into Ihe CIO ai lis lair value.
FINANCIAL REVIEW
Al Ihè 31 March 2021 yoar end ther8 were ioial lunds 01 £688,331 compri51ng of £194.004 unresiricied lund5 and
£494.327 resirlcled funds.
REFERENCE AND AOMINISTRATIVE DETAIL5
Fl•g181or8d Charlty number
1172752
Prlnclpal Addr•••
Neelside Communlty Cenire
Bude
Colnwall
EX23 8Le
Truslee•
Hilary Workman
Jan Hunt
Clar8 Hicks
Chrls Jgwell
8rian Dixon
Hfyalh8r Smllh
Julle Gray
Jackie Thorpo
Tony Harpgr
David Bryant
IResign8d 21109120201
Indepondont Examlner
Leonard & Co
Chariered Certrfi8LI Accouniani
Woo158ry
Idelord
Devon
EX39 5PZ
Pag¢ 1

tton Communi
rt ol th8 Trus
rEn
cofjlinued
STFIUCTUAE, GOVERNANCE AND MANAGEMeNT
Governlng document
The charity is coniiollorl by lis consliluiion d818d 25 Aprll 2017 ar￿ is a Charilable I￿OrpOralert Oroanisaiion.
R18k managemeni
The Iruslees ttave a duty Io iLlenlily and r8viaw the risks lo which Ihe chariiy Is 8xposed and 10 onsure
appiopTiale conliols are in plac9 Iv pro¥idg reasonabi8 assurancè again51 fraud and error.
ON BEHALFOFTHE BOARD..
Tru51ee
Dale
~20
Page 2

& Stratton
offlm
I repon on the accounts lor th8 year ended 31 March 2021 s81 out on paoes Ihree 10 seven.
Ro$pectlve re8pon8lbllllle$ ol Irusteos and examlnar
Th8 charity's Iiuslees are responsible lor Ihtr prpparaiioll ol th8 accounts. Th8 charity's Irusiaos ¢on5ider Ihal
an audit 15 not r8quired lor Ihis y9aT lundgr Section 144121 ol th& Charili8s Act 2011 Ilhe 2011 Aclll and Ihai
an ind8p8nd£nl exatninaiion is requir8d. The charity'5 oross incom8 Is lass Ihan £250,000 and l am qualified lo
uncjeriake the exarninaiion by btrlng a qualified melnber ol Iha Association ol Chartered Certified Accounianis
IACCAI.
11 is my responsibility lo..
b examine the accounts under S8Clion 145 01 the 2011 Act
lo follow Ihe p¢a¢0dures laid down in Ihe Ganeral Dlrecllon5 giv8n by Ihe Charliy Commlsskin
lurQor Secliofj 14515llbl ol Ihe 2011 Acll.. and
lo slaia wheth81 parlicular ffjallers have com8 10 my all8nlion.
BaslA of lh• Independent OXgmln•r'$ reporl
My examination wa5 c8rri8d oui in accordan¢e with the Genaral Dir8ciions oiven by th8 Charity Comfflission.
An 8xaminaiion Includ6$ a rgvi8w ol Ihe a¢¢ouniing r6eord5 kept by the chaiiiy and a comparison ol Ihe accoun15
piesonlgcl with Ihosa r8cords. 11 •lso includes consideraiion ol any unusual items or disclosur8s In tho accounts,
and so&king explanations from you a5 liusle8s concerning su¢h m2110rs. The procedur86 undertaken do noi provld9
811 Iha evidance Inai would b8 r8quired in an avdll, and consequently no opinlon is oiven as lo wheiher the accounis
prg$eni a'irue and fall vlew, and Iho reporl is lirni18d 10 those mailers 981 out in th? $1818m8nls b810w.
Indop•ndonl exBrnln•r'8 Stai¢m•ni
In connect￿n wilh ffly examination, no maiior has eome lo my allenllon..
111 whlch glves ffl8 r8880nabl8 caus• lo belleve thai, In any malarial respect. th8 requlr8m8nis
lo k8ep a¢¢ounling records in a¢coréanc8 with S8clion 130 01 the 2011 Aci., alld
10 pr8pai8 accoijnis which accord wlih tho occovniina records and lo comply wllh th8 acceuniing
r8gulremonis ol th8 2011 Aci
have noi beon rn81,' or
12110 which. in my oplnlon, attention should be drawn in order to 8nabl8 a pioper understanding ol
Ihe 8c¢ounis lo b8 reached
Mr N Loonard F.C.C.A
L8onard & Co
Chèrlpred Certllied Accouniani
Woo159ly
idelord
Devon
EX39 5PZ
Date
Page 3

Siraiion
mtn
ci CIO
ment ol Finaficial Activities
31 Mar
31.03.21
31.03.20
Unr8strlct8d
Fund
Reslrlcted
Funds
Totjl Funds
Toial Funds
Noles
INCOMING RESOURCES
Inromlng resour¢è3 Irom gen•r•i80 lund*
Voluniary Incotne
Aciivilies lor g&neraiir*J funds
Inv8sim8ni Incomanosses
561
59.862
15,399
950
8,325
77,088
59.862
15.399
Tothi Incomlng r88our¢o8
75.822
950
76,772
83.991
RESOURCES EXPENDEO
Costs ol generatlng fund8
Costs ol g8neraiing income
Char518bl• acllvltles
General
Govèrn•nce coals
Other r080urce¥ •xp8ndod
26,168
26.168
24.904
41.752
1.972
4,018
5.413
47,165
1.972
46.789
7,000
Tolal ro*ourc•s exp8Thd•d
73.910
12,41S
86,323
83.998
NET INCOMING RESOURCES
1.912
111.4631
RECONCILIATION OF FUNDS
Total lunds brought forword
192.092
505.790
697,882
697,889
TOTAL FUNDS CAAAIED FOAWAAD
194,004
494 327
688.331
697,882
Th8 nol8s form part ol these linan¢ial stat6m&nis
Page 4

&Sii
Balan
131 Mar
31.03.21
31.03.20
Unresiileted
Fund
Restrlcted
Funds
Note#
Total Funds
Total Funds
FIXED ASSETS
Tanglble assets
18,168
492,000
510.168
520.790
CURRENT ASSETS
Oebi¢rs
Cash ai bank and Sn hand
Inveslmenls
4,867
92.848
78,628
176,343
4,867
104.255
78.628
187.750
11.407
106,550
83.953
177.613
11.407
CURRENT LIABILITIES
Crediiors
15071
19,0801
19,5871
NET CURRENT ASSETS
175.836
2.327
178.163
177,092
TOTAL ASSETS LESS CURRENT
LIA81LITIES
194.004
494.327
688,331
697,882
NET ASSETS
494,327
688.331
697,882
FUNDS
Unre51ricled lut*s
A$sirici8d Funds
194,004
494.327
192,092
505,790
TOTAL FUNDS
688.331
697,882
Th8 Ilnoncial slalements wore approved by IhB Board ol Tru$ie$s on
behall by,.
161.J.q l£i.....,...
and were slGn8d on Ils
Chair- Hilaiy
orkm&n
VIC8 C
r l Acting Tre4sur8r- Jan Hunt
Acling Investments
dvisor- Tofjy Harper
The notes form pari ol these financial slaiemÈnlS
Pag8 5

rnmunl Pr
lo th8 Finan
I rihèy
r Ended
I Sla18m&nis
1 M h2021
11 AccouwfiNG POLICIES
Accountlng ¢onvenllon
The financial siaietnen15 hava beèn prepared und&i the hi510rical cost tonvenlion. an(J in accoidance
With tha Financial Reporting Slandarrs lor Smaller Enii118s lalleclivfr April 20081, Ihe Charili8s Aci
2011 and the iequiramenis ol Ihe Slalemeni ol Recommended PTaclicB. Accounting and
RÈporting by Charilies.
Ineomlng resouices
All incoming re50urc8s arg included on the Slal9ffl8ni ol Financial Activities when the charity is
Iggally aniiilèd lo Ihg income and Ihe awuni Can be quanlilied ￿￿th roasonable accur8Cy.
T8nglble fl¥ed 889et$
DepreciaiiDn 15 prov￿8￿ In ord6r lo wri18 011 each assei ov8r Its esiimaled uselul Ille.
Fre8h0￿ Pfoperiy..
2Y¥ and IO¥ts Slraighl line
Cornpuler Equlpmenl.. 33Yts Slralghi line
Resoure88 •XPonded
Exp8ndllure is accounied lor on an accruals basis and has b9en classilied under hgadings thai
8ogTegale all cost rglaled to Ihe ¢aiegory. Wlier8 co$is cannot be rslrèciiy aiiribuletr 10 particular
headings Ihoy hav8 been allocal£d lo a¢iivilles on a b881$ ¢on$is18fj1 wllh Ihe use ol rè$ourc88.
T8xaiion
The charlty is ex8mpi llom tax on Ils charitable aclivliles.
Fund accounllny
Unr8siri¢isd funds can b8 U88d In 8¢cordènce wllh the charllable objectives ai Ihe dlscrelbn ol Iho
Irusle8S.
R88irl¢i&d funds can only bg used lor parlicular purp088$ ¥vllhln th8 oblecis ol the charlly.
Agsiriclions arlse ¥vh8n specllled by the donor or when lund8 are r81sed lor particular resirl¢ied
purposes.
Funher ¥xpl8naiion ol the n8lure and purpos8 018ach luné accounts Is Included In Itt8 notes
10 tha linancial sialemgnis.
21 ACTIVITIES FOR GENERATING FUNDS
31.03.21
31.03.20
Room rents
Oiher sundry Income
33,403
42
33,445
76.845
243
77,088
Governmeni Grants R¢c•lvable
Small Buslne5s Grani
Job Releniion Scheme
18,097
8.320
26.417
59,862
77.086
31
Inv8strnent Income
31.03.21
31.03.20
Deposil account Interest
GaInS￿o8seS on investments
Dividend5 recew8d
253
14,675
471
15,399
146
12.3481
780
1,422
Page 6

on
I h Finan
I Slai8m8n
d8d31M
21
41 TRUSTEES, REMUNERATION AND BENEFITS
There war8 no Trustees, r8rnungraiion or olh8r b8n&liis IOT the year ended 31 March 2021 nor
loi th8 year end8d 31 Maich 2020.
Tru8lee$' Bxpens88
There wer& no Tru518es' expenG•s paid lor Ihe y8ar ended 31 March 2021 nor lor the yedr
andad 31 March 2020.
51 STAFF COSTS
31.03.21
31.03.20
Wagas and salarie5
44.525
41,281
44.525
The 8verao& monthly numbgr ol èmploye88 durino the year was as follows..
31.03.21
31.03.20
No employoos recelved emolum8nl8 In exc89$ 01 £60.000.
61 TANGlbLE FIXED ASSETS
Freohold
prop8riy
Flxlure8
Computer
8qulpm8nl
Totalo
Coat
Al 1 Aprll 2020
Addlllons
Dlsposals
Al 31 March 2021
555,321
8,663
396
1,341
56S.325
396
555 321
9,059
565.721
D•preclailon
Al 1 April 2020
Charga lor Ihg year
Charge on d15POS8Is
Al 31 M￿rCh 2021
35.129
10.532
8.183
422
1,224
64
44,535
8,605
1,288
55.553
Nat Book Valu•
Al 31 March 2021
509,661
454
3S
510,168
Al 31 March 2020
520.193
480
520.7
71 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
31.03.21
31.03.20
Trade d8biors
Other debtors
4.751
6,998
4.867
Pag8 7

tton Communi
o th8 Finan
ment8
31 March 2021
81 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
31.03.21
31.03.20
Trade crediiors
PAYE creditor
Pension cr8dilOT
228
235
58
521
288
48
507
Othtr Credltors
Bud? So¢lal Action Fund
9.080
9,080
9.587
521
91 MOVEMENT IN FUNDS
Nel
Movarnont In
fund¥
01.04.20
31.03.21
Unre*irlcl8d lun4•
G&norBI fund
192,092
184.925
A8slrl¢i•d lunds
Pioperly
Sainsburys donallon
National Loiigry Communlly Fund
Le&rnlno Parlnershlp
Bude Soclal Action Fund
499.000
so
6.740
17,0001
492,000
50
1.327
950
9.080
503,407
950
9,080
12,3831
505,790
TOTAL FUNDS
697.882
9.551
688.331
Nel movem•ni in lund&. Irbcluded in Ihe above are as lollow5.'
Incomlng
resources
R•8ourc88
oxpend•d
Movem•nt
In lunda
Unrestrlcled lund*
G8neial fund
66,742
173,9101
17.1681
Re8111cted tund8
Property
Sainsbuiy5 (Jonat￿n
National Loiiery Comfflunily Fund
Learnino Partnership
ude Social Action Fund
17.0001
17.0001
950
9.080
950
9,080
10.030
12,3831
86.323
9.551
Page 8

Pro
18menl ol Fin
rEn
l March
f rlheY8
21
31.03.21
31.03.20
INCOMING RESOUACES
Voluntary Income
DonÈiions
8,325
Acllvltles for oenerallng fund$
Room rents
Other sundry incom8
33.403
42
33,445
76.845
243
77,088
Government gr#nls rec8lvabl8
Small Businass Giant
Job Rolenlion Scham8
18.097
B.32D
28.417
Inl8r881 R¢eelvobl8
Deposii Actounl Inl8re81
253
146
Incomlng resourc08 from eh•rltible actlvllle8
Dlvidend income
G81ns110s5￿ on invo$imoni$
Toithl Incomlng r¢•ources
471
14,675
76,772
12.3481
83,991
RESOURCES EXPENDED
Coals of g¥n•rallng Incomo
Pensio
Aales and waleF
lTrsuranc8
Light and he81
T81ephon
Posiag& and Slalloneiy
Adveriisino
Cleaning
R8palrs and ien8wals
Bad debts
440
272
2.496
2,802
894
529
1,045
2.574
4.941
927
426
605
3,232
10.625
754
1e.648
13341
26,168
24,904
Govern8n¢o co8lo
Aceounlancy
Prolasslonal lee8
972
1,000
924
2SO
1,972
Support eosts
W200S
Sundries
DonaiiDns
1,154
41.281
5.640
44,525
2.IS6
46.921
D•pr8clallon
Depr&cialion on freehold property
46,661
10,532
422
64
10,532
555
64
Depr8claiKin on compu19r equipmeni
Informallon technology
Compuler cosis
243
128
242
128
Total ¥e$ources expended
86.323
83.998
Nel Incom2ilExpensesl
9,551
This page doas not form part ol the Slalulory financial staiÈments
Pagp 9