EXTRACT from Minutes of the 7th Annual General Meeting of the Bude Stratton Community Project CIO held on THURSDAY 26[th] SEPTEMBER 2024 at Berries Café
3. Chair’s Report: HW spoke in lieu of a written annual report (see 6 below). I am delighted to report that this year Neetside Community Centre has been successful in being awarded a grant from the National Lottery to open a community cafe .This project has meant a great deal of extra work from our small team of dedicated staff which has been much appreciated by the Trustees especially from the manager who drove the project through with enthusiasm and attention to detail and even rediscovered her waitressing skills. We appointed two new P/T members of staff to develop the cafe and a chef consultant to help with training volunteers to run the cafe and advise on its layout.
This expansion meant extra meetings for all Trustees in support of the Manager and involved negotiating a lease from Cornwall Council applying for planning (change of use), helping with two community consultation days, appointing a builder to make alterations to existing interior as well as helping to finish painting the cafe interior and refurbishing all the secondhand furniture. This activity was underpinned by external pressures like of the introduction of the Xero system to our financial administration and access to Neetside restricted by flood defence work undertaken by the Environment Agency.
The successful funding application for a community hub meant we built on warm room activities involving the community from scratch including a newly formed Bereavement Café. We learnt from these activities and were able to channel the funding to support bereaved individuals but recognised we were not able to sustain that level of support. Other initiatives continue to grow in popularity especially the Repair Café, craft workshops and the knitting group.
To support this work, Trustees have adopted a new safeguarding policy and had fire regulation training this year and with the cost of living crisis reviewed the salaries policy radically.
We have also been successful in gaining further lottery money, which we will match fund, to help make Neetside Community Centre’s future more sustainable through by installing solar panels.
It has been a very exciting year with a new cafe forming a very positive addition to the lives of the citizens of Bude and on behalf of the Trustees and staff I would like to thank all our funders and offer an open invitation to anyone reading this report to visit Berries Cafe and enjoy some good food and company.
This is my last report as Chair of this organisation so I would like to take this opportunity to thank all the volunteers and staff and funders for their support over the years. I feel proud to be part of an organisation that promotes working together as a network and above all being kind to each other. I am grateful to Mary Greener for taking over as Chair in September. The start of her tenure brings a hopeful, positive and practical way forward in these unpredictable times. I look forward to a very successful year for us all.
6. Annual Report 2023/24: It had been agreed by Trustees that, in lieu of the normal written Annual Report produced by MC and her team, the Chair’s report and the Financial Statement should stand as the Annual Report.
Bude & St.ratl:on Community Project CIO Regi51ereo No. 11", 2752 Rwlort of the TNst8es and Unaudltwl Flnanclal Slalemenls tor tho Y&ir End8d 31 Ilaich 2024 Lgrywd & Cr.
ReFyI kn TILsioos 11D2 6>8 9tolO
tru51ees wesert r¢wt vAth th8 fal7a1 #at•nwrt5 01 Ihe 31 March 2024. Th# trust8e5 have The o. knirtry arbj AgrAyt rwJ by char"0S.. &atgfnwt ol R(¥MtrJ alp1 the UK and of IFAS C21 lefftNe l January 20151. Th# &wit)le CE¢ll¥e5 arB to tvc¥Th)te tth)81il Il inhatritants of the arn8 lh8 trfil (Bkn. arKI c1sv) ol >OX. Sexu¢ ¢Kwt#jn. 01 ol cdtha., rel3iLMJS or other owx)ns. by èffort lo thance INI t<, In ¢BreSts 01 social are.. for re(Yea1K aNI ACHIEVEMENT AMD PERFORMANCE c 2S A"120]7 cwity 1h ts CFarfi CLrniSSiCn as 8 thyawM5al*yt (CIO). At the 31 Marth 2C24 yoar end Ilwe t.yal of £670.621 ccw.rwj 01 £188.761 wVestrr lurnk E481.W re51r(tl fur¥ts. REFEREIKE AND AEthIIPa•TRATIVE DEIA Reyistered Chan"ty Mb. 8L8 Hunt ian txx lknatlw Sm JLle Gray rony Harp Marb'n Lan• Mill 08won EX39 SPZ
STRUCTUAE, GO'IERNAK AI4) MANAGEMENT The charily Is contlcdd bl dat 2) W 2017 •MJ is a The trusiees have a ¢kn to thbthy reviw risks to dwrity is ey4K a1 to Pag8 2
R••p•ctl¥• r••poMlbllftl•• ol trt and •x•mln•r Is na¢ 6y ts yew Iwder S8ctkn 14412101 the Charths 2011 (th8 2011 Adll and th•t exam the 4cawnt8 undw s 145 of IM 2011 N£1 lthY•r s•¢1 145(5Xty) of lh• 2011 A¢tl, xl •U tr thai oJhJ be rnquirEd yi an audft. and ¢4Venty rn) t¥1 ts given as to the acts)unts lo k•w in K¢(Nance *ith Se(#w 130 Off 2011 Act.. at r•ww•m•nts ot tM 201 I kl IAr N L•¢rfwd F.C.CA Lethiard & Co Lane MIH EX39 5PZ La4 Oi I lo1201 Po9• 3
.0324 .23 Fund Total F1• Totsl INCOPAING RESOURCES Vo un:ary 68.977 6.704 54.701 IZ3.678 6.704 .410 12,6211 75.869 132.302 RESOURCES EXPENDED C¢st# ot generallry Costs Df gewatiw irtom8 Beiies comrnunity caia Charitabkn ¥ll¥iiies Gra1 22.418 I4.1 2774 32.494 50.162 924 6.655 21.$77 71,739 924 13.655 58.317 10,893 94,160 1256 104.104 1 182921 XJ7 It7.) 113.4ffi1 RECONCIUATION OF FIWDS TO IxTh4ht lorwwd 481. 688.576 702.041 TOTAL FUNDS CARRIED F4)AWARD 188.761 481. 670.621 688.576 Page 4
.0324 31A13.2J Unreslrlcted NoiÉ8 Fund Atstrie Tirt•l Fur HXED ASSETS Tangitde a55ets 15.423 471,tyJ) 486.4 489.113 JRRENT ASSETS DorS Cash at aryl li IwJ 95,139 11.423 1(,563 122.770 79.036 210.334 188.507 11,4TJ I.931 CURREiif UABIUTES Cr&Jrtor5 14.6Sg1 111.0731 115,n21 I1071) NET CURREPIT ASSETS 183.849 184,199 193.463 TOTAL ASSETS LESS CLIRREiir UABiunES 1Wg.271 ' 471.350 670.621 199.271 471.39) 670.621 6&3.576 FUNDS Unsirti•J fur Rèstricted Funtts 188.761 481,8flJ 210226 478.350 TOTAL FUNDS 670.621 688.576 The Stats w(wed by the &>•d ot Tntst•os ................................ Wothman AttirJ InvM¥t5 th¢50r Torv HarF
to the ¥inaThial Slafwnenl> Thè f stsl8mèr.ts ¢8 b ppparfrj Jlthr Ihg ujst cx)rNeqlNyF. aThJ xctyda th the Firoxial Repytiw Slar.¢Jth l(K &r a Enmw letrecliv& Iw"12C4Jai. c1w1 A l itxomirng "esoLffC8S ar• I[1 >) <teml ol Ftn1 A£tNitbes chwty 15 TatsIe fix8d •sts 2% arxj I, Fixbjtes aThJ Firtings.. 25¢4. Strab3ni I n8 Corrwtw Ectspiwrt". 3>4 straYJht I nè a93reg31e all cv5t related to the t)ry. Whwe (¥sls Gn0". b8 th8cXty attrlbtht to partlar Taxatio The chwity 15 ex&W 'n¥n t&¥ Its (h¥ttak¥ th"Im. Injslees. Restr¢&J fu.ryts cw cnty to lor parlttkr wrFt6es rylh,n Iho cbJ8cts of Ihe chatity. arisè ¥tsi by tte fur¥15 are raiwt fly pariukqr re5tr*# AcnvmES FOR GE1RATING FUPIDS 31x1324 23 77.%7 574 77.641 77.369 620 46.038 14.422 123.678 92.410 314 31m23 1.148 4.828 on Inv¢snwts 132911 647 2.621 6.704
4} TAiISTEES' REIIJIKRATION ANO13glWTrs lor thè )W ÈfKd 31 Iqartl WJ. Thefe we ro Trik£t8es' lor 31 2024 y 31m24 3lm23 72,678 55.478 72.676 55,478 TAIIG18LE FIXED ASSErs Xr•S & tlttlrvJg ComrMEi•r ewiwnert Al 1 2[3 21 566.494 10.965 10,965 31 Mw¢h 2024 s,321 20.274 s.459 I 202J for the >Tar 86.724 1C.532 2,954 13.655 Al 31 Marth 2024 77256 11,940 91,035 N81 Book Vol At 31 2024 47E.085 24 486.424 Al 31 K4arch alza 48e.597 194 4B9.114 DEBTORS: AMOUNT> FALll3 DUE WITN OIE YEAR 31JJ324 31.0323 Trule Ltrtcs 8.387 125 8.528
CFIEDrroRS: AIKKPtrs FALu1 WE wrrHIN 014E YEAR 31m24 Trth u•fjlCIS PAYE CrIrtY 281 147 1.457 171 11.073 9,414 15.732 10.871 9) MOVEMENT v4 FU 01423 In fvnds 31A1324 GererJ fund 207.0 207.053 18.292 118.292 188.761 188.761 478.¢) 17.1)iMI I 471. 3.173 2.165 C(wnmunty - 7.1 &17 7.109 481.860 481.523 TOTAL FUPI)S 6&8.576 670.621 In 75.869 75.869 94.160 194,1601 18.292 118.2921 17.Cl(I I {7.(Wl 11A&31 122.8631 18 Vduniqw 11.CM)81 7,109 337 31,101 56.433 1 $6.C96 132.3tr2 19)256 17.%S Pago 8
31.OU4 31.0323 IPKOMING RESOURces Voluntsry income Actltth lor ILrxts RO rwrts 77.067 574 77.641 Gra r8.ed 14,4Y 14.422 647 13.2911 12.6441 132J02 RESOUACES EXPENDED Pe1sion 75 971 75 1.070 4,169 3013 In5urar L¥Jth and PO$la aThJ sialKJWry CJÈansThJ I,OYJ 14.886 Eerr1 rc#) lire 3,037 1.4)19 27.074 32.494 Attiwti5ry CkniTrJ 2.r21 41 Pe1sion FcyJ 8 [ki( Lyhl arKJ heal Re)airs and r8M 61 Irtsura 3.792 Sè". Up Coas TèlepP Raks ator I.4 Page 9 This thes kNm part rA V* fwrKaal 51atemwts
924 Prolassi(wws 1 924 55,478 335 913 Stett trai 165 70,329 57.130 D•weeiaii¢ii Deyeckatn on wcr•ty DeyeC$atK on fix".uws arnl litlinE$ 10.532 10332 191 170 13.655 10.893 1.187 1.187 19)2 104.104 17.9551 13.465 Pag8 10 Th$ rtes rnl ILWM al fmwat WAtemwds
Summary of Financial Statement for the year ended 31 March 2024 of Bude aiid Stratton Community Project Notes Total incoming reg)urces Total resourcej ex[)ended 132,302 150 256 Net resources taxpEded (17,955) Total funds brought forward Totsl assets leis CLirrent liablilities 670 621 Unretr> icted funds Restricted funcls Nl 188,761 Totsl 670 621 Tangible fixed assets 31 Mardi 2024 N2 486,424 Stsff costs (4) N3 72,676 Notes: l. Included with,,n the unrfstricted total is £71,603 that woukl fund the running of the building for 6 moiiths and meet any redundancy payments that may be payable in th• evenl: of Ihe project winding up completely. 2. On becoming a Chaiitable Incorporated Organisation (CIO) the building was tranJ-ferraJ inio the chaiity at a revalued amount of £520,000. The property being valued at £353,(M)C and the la1 at £170,000. The property will be depreciated ak 2 % Fr annum. 3. No empbyees recei)ied pmoluments in excess of £60,000. 4. There were no Tru*£es' omuneration or other benefits for the year ending 31 larch 2024 nor IDr tlie year 31 March 2023.
Bude & St.ratl:on Community Project CIO Regi51ereo No. 11", 2752 Rwlort of the TNst8es and Unaudltwl Flnanclal Slalemenls tor tho Y&ir End8d 31 Ilaich 2024 Lgrywd & Cr.
ReFyI kn TILsioos 11D2 6>8 9tolO
tru51ees wesert r¢wt vAth th8 fal7a1 #at•nwrt5 01 Ihe 31 March 2024. Th# trust8e5 have The o. knirtry arbj AgrAyt rwJ by char"0S.. &atgfnwt ol R(¥MtrJ alp1 the UK and of IFAS C21 lefftNe l January 20151. Th# &wit)le CE¢ll¥e5 arB to tvc¥Th)te tth)81il Il inhatritants of the arn8 lh8 trfil (Bkn. arKI c1sv) ol >OX. Sexu¢ ¢Kwt#jn. 01 ol cdtha., rel3iLMJS or other owx)ns. by èffort lo thance INI t<, In ¢BreSts 01 social are.. for re(Yea1K aNI ACHIEVEMENT AMD PERFORMANCE c 2S A"120]7 cwity 1h ts CFarfi CLrniSSiCn as 8 thyawM5al*yt (CIO). At the 31 Marth 2C24 yoar end Ilwe t.yal of £670.621 ccw.rwj 01 £188.761 wVestrr lurnk E481.W re51r(tl fur¥ts. REFEREIKE AND AEthIIPa•TRATIVE DEIA Reyistered Chan"ty Mb. 8L8 Hunt ian txx lknatlw Sm JLle Gray rony Harp Marb'n Lan• Mill 08won EX39 SPZ
STRUCTUAE, GO'IERNAK AI4) MANAGEMENT The charily Is contlcdd bl dat 2) W 2017 •MJ is a The trusiees have a ¢kn to thbthy reviw risks to dwrity is ey4K a1 to Pag8 2
R••p•ctl¥• r••poMlbllftl•• ol trt and •x•mln•r Is na¢ 6y ts yew Iwder S8ctkn 14412101 the Charths 2011 (th8 2011 Adll and th•t exam the 4cawnt8 undw s 145 of IM 2011 N£1 lthY•r s•¢1 145(5Xty) of lh• 2011 A¢tl, xl •U tr thai oJhJ be rnquirEd yi an audft. and ¢4Venty rn) t¥1 ts given as to the acts)unts lo k•w in K¢(Nance *ith Se(#w 130 Off 2011 Act.. at r•ww•m•nts ot tM 201 I kl IAr N L•¢rfwd F.C.CA Lethiard & Co Lane MIH EX39 5PZ La4 Oi I lo1201 Po9• 3
.0324 .23 Fund Total F1• Totsl INCOPAING RESOURCES Vo un:ary 68.977 6.704 54.701 IZ3.678 6.704 .410 12,6211 75.869 132.302 RESOURCES EXPENDED C¢st# ot generallry Costs Df gewatiw irtom8 Beiies comrnunity caia Charitabkn ¥ll¥iiies Gra1 22.418 I4.1 2774 32.494 50.162 924 6.655 21.$77 71,739 924 13.655 58.317 10,893 94,160 1256 104.104 1 182921 XJ7 It7.) 113.4ffi1 RECONCIUATION OF FIWDS TO IxTh4ht lorwwd 481. 688.576 702.041 TOTAL FUNDS CARRIED F4)AWARD 188.761 481. 670.621 688.576 Page 4
.0324 31A13.2J Unreslrlcted NoiÉ8 Fund Atstrie Tirt•l Fur HXED ASSETS Tangitde a55ets 15.423 471,tyJ) 486.4 489.113 JRRENT ASSETS DorS Cash at aryl li IwJ 95,139 11.423 1(,563 122.770 79.036 210.334 188.507 11,4TJ I.931 CURREiif UABIUTES Cr&Jrtor5 14.6Sg1 111.0731 115,n21 I1071) NET CURREPIT ASSETS 183.849 184,199 193.463 TOTAL ASSETS LESS CLIRREiir UABiunES 1Wg.271 ' 471.350 670.621 199.271 471.39) 670.621 6&3.576 FUNDS Unsirti•J fur Rèstricted Funtts 188.761 481,8flJ 210226 478.350 TOTAL FUNDS 670.621 688.576 The Stats w(wed by the &>•d ot Tntst•os ................................ Wothman AttirJ InvM¥t5 th¢50r Torv HarF
to the ¥inaThial Slafwnenl> Thè f stsl8mèr.ts ¢8 b ppparfrj Jlthr Ihg ujst cx)rNeqlNyF. aThJ xctyda th the Firoxial Repytiw Slar.¢Jth l(K &r a Enmw letrecliv& Iw"12C4Jai. c1w1 A l itxomirng "esoLffC8S ar• I[1 >) <teml ol Ftn1 A£tNitbes chwty 15 TatsIe fix8d •sts 2% arxj I, Fixbjtes aThJ Firtings.. 25¢4. Strab3ni I n8 Corrwtw Ectspiwrt". 3>4 straYJht I nè a93reg31e all cv5t related to the t)ry. Whwe (¥sls Gn0". b8 th8cXty attrlbtht to partlar Taxatio The chwity 15 ex&W 'n¥n t&¥ Its (h¥ttak¥ th"Im. Injslees. Restr¢&J fu.ryts cw cnty to lor parlttkr wrFt6es rylh,n Iho cbJ8cts of Ihe chatity. arisè ¥tsi by tte fur¥15 are raiwt fly pariukqr re5tr*# AcnvmES FOR GE1RATING FUPIDS 31x1324 23 77.%7 574 77.641 77.369 620 46.038 14.422 123.678 92.410 314 31m23 1.148 4.828 on Inv¢snwts 132911 647 2.621 6.704
4} TAiISTEES' REIIJIKRATION ANO13glWTrs lor thè )W ÈfKd 31 Iqartl WJ. Thefe we ro Trik£t8es' lor 31 2024 y 31m24 3lm23 72,678 55.478 72.676 55,478 TAIIG18LE FIXED ASSErs Xr•S & tlttlrvJg ComrMEi•r ewiwnert Al 1 2[3 21 566.494 10.965 10,965 31 Mw¢h 2024 s,321 20.274 s.459 I 202J for the >Tar 86.724 1C.532 2,954 13.655 Al 31 Marth 2024 77256 11,940 91,035 N81 Book Vol At 31 2024 47E.085 24 486.424 Al 31 K4arch alza 48e.597 194 4B9.114 DEBTORS: AMOUNT> FALll3 DUE WITN OIE YEAR 31JJ324 31.0323 Trule Ltrtcs 8.387 125 8.528
CFIEDrroRS: AIKKPtrs FALu1 WE wrrHIN 014E YEAR 31m24 Trth u•fjlCIS PAYE CrIrtY 281 147 1.457 171 11.073 9,414 15.732 10.871 9) MOVEMENT v4 FU 01423 In fvnds 31A1324 GererJ fund 207.0 207.053 18.292 118.292 188.761 188.761 478.¢) 17.1)iMI I 471. 3.173 2.165 C(wnmunty - 7.1 &17 7.109 481.860 481.523 TOTAL FUPI)S 6&8.576 670.621 In 75.869 75.869 94.160 194,1601 18.292 118.2921 17.Cl(I I {7.(Wl 11A&31 122.8631 18 Vduniqw 11.CM)81 7,109 337 31,101 56.433 1 $6.C96 132.3tr2 19)256 17.%S Pago 8
31.OU4 31.0323 IPKOMING RESOURces Voluntsry income Actltth lor ILrxts RO rwrts 77.067 574 77.641 Gra r8.ed 14,4Y 14.422 647 13.2911 12.6441 132J02 RESOUACES EXPENDED Pe1sion 75 971 75 1.070 4,169 3013 In5urar L¥Jth and PO$la aThJ sialKJWry CJÈansThJ I,OYJ 14.886 Eerr1 rc#) lire 3,037 1.4)19 27.074 32.494 Attiwti5ry CkniTrJ 2.r21 41 Pe1sion FcyJ 8 [ki( Lyhl arKJ heal Re)airs and r8M 61 Irtsura 3.792 Sè". Up Coas TèlepP Raks ator I.4 Page 9 This thes kNm part rA V* fwrKaal 51atemwts
924 Prolassi(wws 1 924 55,478 335 913 Stett trai 165 70,329 57.130 D•weeiaii¢ii Deyeckatn on wcr•ty DeyeC$atK on fix".uws arnl litlinE$ 10.532 10332 191 170 13.655 10.893 1.187 1.187 19)2 104.104 17.9551 13.465 Pag8 10 Th$ rtes rnl ILWM al fmwat WAtemwds
Summary of Financial Statement for the year ended 31 March 2024 of Bude aiid Stratton Community Project Notes Total incoming reg)urces Total resourcej ex[)ended 132,302 150 256 Net resources taxpEded (17,955) Total funds brought forward Totsl assets leis CLirrent liablilities 670 621 Unretr> icted funds Restricted funcls Nl 188,761 Totsl 670 621 Tangible fixed assets 31 Mardi 2024 N2 486,424 Stsff costs (4) N3 72,676 Notes: l. Included with,,n the unrfstricted total is £71,603 that woukl fund the running of the building for 6 moiiths and meet any redundancy payments that may be payable in th• evenl: of Ihe project winding up completely. 2. On becoming a Chaiitable Incorporated Organisation (CIO) the building was tranJ-ferraJ inio the chaiity at a revalued amount of £520,000. The property being valued at £353,(M)C and the la1 at £170,000. The property will be depreciated ak 2 % Fr annum. 3. No empbyees recei)ied pmoluments in excess of £60,000. 4. There were no Tru*£es' omuneration or other benefits for the year ending 31 larch 2024 nor IDr tlie year 31 March 2023.