## **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.

ReF*yI kn TILsioos
11D2
6*>8
9tolO

tru51ees wesert r¢wt vAth th8 f￿al￿7a1 #at•nwrt5 01 Ihe 31 March 2024.
Th# trust8e5 have The o. knirtry arbj AgrAyt rwJ by char￿"0S.. &atgfnwt ol R￿(¥￿M*￿trJ
alp1￿ ￿ the UK and of IFAS C21 leff￿tNe l January 20151.
Th# &wit*)le C￿E¢ll¥e5 arB to tvc¥Th)te tth)81il ￿ Il* inhatritants of the arn8 ￿ lh8 tr￿￿fil (B￿kn.
arKI c1sv￿) ol >OX. Sexu¢￿ ¢Kwt￿#jn. 01 ol cdtha., rel*3iLMJS 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(t￿l 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 contlcd￿d bl dat￿ 2) W 2017 •MJ is a
The trusiees have a ¢kn to thbthy reviw* risks to dwrity is ey4K*￿ a￿1 to
Pag8 2

R••p•ctl¥• r••poMlbllftl•• ol tr￿t￿* 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¢(N￿ance *ith Se(#w 130 Off￿ 2011 Act.. a￿t
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 F￿1•
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
G￿ra1
22.418
I4.￿1
27￿74
32.494
50.162
924
6.655
21.$77
71,739
924
13.655
58.317
10,893
94,160
1￿256
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
D*￿orS
Cash at aryl li Iw*J
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
I10￿71)
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
Un*sirti•J fur
Rèstricted Funtts
188.761
481,8flJ
210226
478.350
TOTAL FUNDS
670.621
688.576
The Sta￿￿ts w(wed by the &>•d ot Tntst•os ￿ ................................
Wothman
Attir*J Inv￿M¥￿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 *>) <*tem￿l ol Ftn￿￿1￿ A£tNitbes chwty 15
Ta￿tsIe fix8d •s*ts
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 G￿n0". b8 th8cXty attrlbth￿t to part￿lar
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 GE1￿RATING FUPIDS
31x1324
23
77.￿%7
574
77.641
77.369
620
46.038
14.422
123.678
92.410
31￿￿4
31m23
1.148
4.828
on Inv¢snwts
132911
647
2.621
6.704

4} TAiISTEES' REIIJIKRATION ANO13glWTrs
lor thè )W ÈfK*d 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
￿X￿r•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> FALll￿3 DUE WIT*N OIE YEAR
31JJ324
31.0323
Trule L*trtc*s
8.387
125
8.528

CFIEDrroRS: AIKKPtrs FALu1￿ WE wrrHIN 014E YEAR
31m24
Trth u•fjlCIS
PAYE Cr￿IrtY
281
147
1.457
171
11.073
9,414
15.732
10.871
9) MOVEMENT v4 FU
01￿423
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￿ r￿8.￿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
E￿err￿1 rc#)￿ lire
3,037
1.4)19
27.074
32.494
Attiwti5ry
CkniTrJ
2.r21
41
Pe1sion
Fc*yJ 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
Deyeckat￿n 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 taxpE￿ded
(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 % F￿r 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.

ReF*yI kn TILsioos
11D2
6*>8
9tolO

tru51ees wesert r¢wt vAth th8 f￿al￿7a1 #at•nwrt5 01 Ihe 31 March 2024.
Th# trust8e5 have The o. knirtry arbj AgrAyt rwJ by char￿"0S.. &atgfnwt ol R￿(¥￿M*￿trJ
alp1￿ ￿ the UK and of IFAS C21 leff￿tNe l January 20151.
Th# &wit*)le C￿E¢ll¥e5 arB to tvc¥Th)te tth)81il ￿ Il* inhatritants of the arn8 ￿ lh8 tr￿￿fil (B￿kn.
arKI c1sv￿) ol >OX. Sexu¢￿ ¢Kwt￿#jn. 01 ol cdtha., rel*3iLMJS 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(t￿l 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 contlcd￿d bl dat￿ 2) W 2017 •MJ is a
The trusiees have a ¢kn to thbthy reviw* risks to dwrity is ey4K*￿ a￿1 to
Pag8 2

R••p•ctl¥• r••poMlbllftl•• ol tr￿t￿* 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¢(N￿ance *ith Se(#w 130 Off￿ 2011 Act.. a￿t
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 F￿1•
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
G￿ra1
22.418
I4.￿1
27￿74
32.494
50.162
924
6.655
21.$77
71,739
924
13.655
58.317
10,893
94,160
1￿256
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
D*￿orS
Cash at aryl li Iw*J
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
I10￿71)
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
Un*sirti•J fur
Rèstricted Funtts
188.761
481,8flJ
210226
478.350
TOTAL FUNDS
670.621
688.576
The Sta￿￿ts w(wed by the &>•d ot Tntst•os ￿ ................................
Wothman
Attir*J Inv￿M¥￿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 *>) <*tem￿l ol Ftn￿￿1￿ A£tNitbes chwty 15
Ta￿tsIe fix8d •s*ts
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 G￿n0". b8 th8cXty attrlbth￿t to part￿lar
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 GE1￿RATING FUPIDS
31x1324
23
77.￿%7
574
77.641
77.369
620
46.038
14.422
123.678
92.410
31￿￿4
31m23
1.148
4.828
on Inv¢snwts
132911
647
2.621
6.704

4} TAiISTEES' REIIJIKRATION ANO13glWTrs
lor thè )W ÈfK*d 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
￿X￿r•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> FALll￿3 DUE WIT*N OIE YEAR
31JJ324
31.0323
Trule L*trtc*s
8.387
125
8.528

CFIEDrroRS: AIKKPtrs FALu1￿ WE wrrHIN 014E YEAR
31m24
Trth u•fjlCIS
PAYE Cr￿IrtY
281
147
1.457
171
11.073
9,414
15.732
10.871
9) MOVEMENT v4 FU
01￿423
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￿ r￿8.￿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
E￿err￿1 rc#)￿ lire
3,037
1.4)19
27.074
32.494
Attiwti5ry
CkniTrJ
2.r21
41
Pe1sion
Fc*yJ 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
Deyeckat￿n 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 taxpE￿ded
(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 % F￿r 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.