2025-03-31-accounts

Bude Stratton Community Project

ANNUAL REPORT 2024-25

www.neetside.co.uk

CHAIRS REPORT

What a year! 2024/25 brought change, challenges and curveballs—but in true BSCP spirit, our amazing staff, volunteers and trustees met them with energy and heart. It’s my first year as Chair, and stepping into Hilary Workman’s shoes has been no small task. Her legacy is inspiring, and I’m doing my best to keep pace!

The headline? The launch of Berries Community Café in April 2024—months of dreaming, planning and fundraising brought it to life. It’s been a huge step, full of learning and adapting. Now, we’re proud to offer a warm, welcoming space with home-cooked food, opportunities to socialise, learn, volunteer and connect. It’s quickly become a true community hub, with local partners also on site offering support and services.

We’re hugely grateful to the Reaching Communities Lottery Fund for their £228,000 grant over three years, and to NHS Cornwall and Isles of Scilly and Volunteer Cornwall for funding hub activities like the Pain Café, Stroke Support Group, Cuppa Companions and Craft & Wellbeing workshops. And to the Bude and Stratton community—thank you for embracing Berries with such warmth and enthusiasm. You’ve made all the difference

.

We said goodbye to David Mitchell, our long-serving caretaker, and Vika Bundy, our dynamic Volunteer & Events Coordinator. We wish them both well. We’ve also welcomed some brilliant new faces: Emma Edwards, our café chef, a previous volunteer brings warmth and creativity; Kate Stark joins as Volunteer Coordinator with fresh ideas; Angus de Lisle Bush, a long-time volunteer, now takes on the caretaker role; and Cleo Stanley has stepped up as our first-ever Marketing Officer—helping raise BSCP’s profile.

Neetside Community Centre remains a trusted, well-used space for over 50 charities, groups and hirers. Huge thanks to Debby and Amanda for keeping both sites running smoothly, and to Miranda, whose passion and local connections give BSCP a strong voice and real influence.

Our Trustees deserve a big shout-out too—for their hands-on support, event help and everyday involvement. Their commitment keeps BSCP grounded and growing.

All in all, I’m proud—and humbled—to be part of this vibrant, ever-evolving project. The future’s bright.

Mary Greener - Chair Bude-Stratton Community Project

VISION

Our vision is for a thriving local community

MISSION

Bude Stratton Community Project exists to provide well serviced spaces for hire, supporting organisations and individuals for the benefit, wellbeing, 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.

YEAR IN REVIEW

55 different hirers throughout the year at Neetside

16 different partner organisations at Berries

1,100+ activity attendances at Berries

68% occupancy rate at Neetside

31 volunteers, 2,139 hours at Berries

4,324 customers at Berries Community Cafe

TRUSTEES

Mary Greener (Chair) 2022 - Jan Hunt 1994 - Brian Dixon 2009 - Jackie Thorpe (Vice Chair) 2019 - Heather Smith 2012 - Clare Hicks (Minutes Secretary) 1994 -

Julie Gray 2015 - Tony Harper 2016 - Chris Jewell 1995 - Glyn Collen 2021 - Hilary Workman 2006 - Rachel Martin 2022 -

STAFF

Miranda Clarke (Manager) 2017Debra Thorpe (Office and Finance Administrator) 2023 - Amanda Baker (Marketing and Promotions Administrator) 2022 - Vika Bundy (Volunteer and Events Co-ordinator) 2022 - Jodie Harper (Volunteer Co-ordinator) 2024-25 Emma Edwards (Chef) 2025 - Cleo Stanley (Administrator) 2024 - David Mitchell (Caretaker) 2015 - 2025 All staff are part time.

VOLUNTEERS

69% of volunteers feel more confident

“ ’ I ve made friends. I feel I belong.”

83% of volunteers gained new skills

“I was supported and now I’m the one supporting others.”

FINANCE

----- Start of picture text -----
Summary of Financial Statement for the year ended 31st March 2025
£
Total Income 208,737
Total expenses 179,716
Net surplus 26,323
Total funds brought forward 670,621
Total assets less current liablilities 696,944
Unrestricted funds 232,944
Endowment funds 464,000
Total 696,944
Tangible fixed assets 511,432
Staff Costs 106,915
----- End of picture text -----

During the year incoming resources amounted to £208,737, a substantial increase from the previous year. The CIO obtained lottery funding to run the Berries project. The income generated by the Neetside project also increased to £87,222, with a further increase of £12,100 in restricted funds to undertake a capital project.

The outgoing expenditure and costs in the year amounted to £179,716, the increase being wholly in the Berries project.

At the year end the total fund balance was £696,444 with the unrestricted fund standing at £232,944, £Nil on the restricted fund and £464,000 on the endowment fund. The only movement in the endowment fund is for the annual depreciation charge. The transfer between the restricted and unrestricted fund relates to the externally funded costs of the capital projects

ACHEIVEMENTS

April 2024 opened Berries Community Cafe

BSCP attended a Community Event visited by Duchess of Cambridge

Awarded £1500 from BSTC towards a community store which hosts Bude Community IN Larder at Berries

Held a Community Sausage Sizzle open to all 70+ attended - Sept 24

Installed 40 Solar Panels at Neetside with £12k match funding from National Lottery

March 2025 hosted community lunch for 30 organisations and the High Sheriff of Cornwall

Awarded £228k over 3 years to develop Berries Community Cafe _

CONTACT

NEETSIDECOMMUNITY CENTRE WWW.NEETSIDE.CO.UK 01288353403 BERRIES COMMUNITY CAFE 01288 279001

REGISTERED CHARITY NUMBER: 1172752 Unaudited Financial Statem for the Year Ended 31 March 2025 & Stratton Communi cio Mettwel Gard Ltd Bum Wwi BUDE EX23 8BX

Bude & Stratton Communi cio tents of the Financial S for the Year Ended 31 March 2025 Page Report of the Trustees 1 to 3 Independent Examtnerfs Report Statanent of Financial A￿1VitieS Bala1￿ Sheet Notes to the Financial Statements 7 to 14

Bude & Stratton Communi of the Trustees for the Year Ended 31 March 2025 trustees have adopled the Fffovisions of A¢)))untirvJ arNJ ReKMJ￿.n9 by Chartss.. Stslen￿rrt of Recommend￿ Praclice applicable lo charities preparing their accounts in ac¢)Jrdance with Ihe Finwxyal Report"In9 Slandard ap￿ble in the UK and Republic of Ireland (FRS 102> {effective 1 JanL￿ry 2019). The finarmial ststements have been tKepared in accordance with the accourfing policies set out in notes to the ac<x)unts and cxmnply wilh Ihe thariVs govemiThJ doollwl, the Charilies A(1 2011 and Acc(￿nting a￿1 Re￿Ing by Chartties: Statement of Re(X)m￿ Prac11￿ applicable to tharities wepariNJ Iheir ￿rAJnts in acclYdan￿ with the Finan¢i Rewrting StarKlar(l apfv￿ in the UK and Rewbk of IrelarKJ in Odober 2019. OBJECTIVES AND ACTMTIES Objectives and aims The charitable obj'edives we to prc¥T￿e the benefft of the inhabitants of the area of Ihe benefrt (B￿je. Stratton and Districl) With￿ distinclion of sex, sexual (w)labcY), Ta￿ or of Fdititsl. reb3ious or olher opinions. by assLxiatir¥J together the said inhatytants and the kxal authorities, volunLiry and other organtsations in a common effort to advance education and to provth facililies in the interests of socaal welfare: for recreatK)n and leisufe-time I￿paI￿ wilh Ihe objecl of improving ts o)ndititsis of life for saKI inhabitants. Hiring of Offi￿CoUn$el11nglmeetsn9 sPa￿S at Neetside. Provsding a wann. safe. inviting space for all at Berries CcKnmunty Café. Holding aclivrties aThJ groups at b)th sites for the benefft of healih and of parts(¥ants. BSCP is rMA a fft making dHnty. The conlritxrtion by vc4unteers is very importanL BSCP has 12 Tnjstees all of ￿t￿)m are volunteers. vtho on average C￿tribUte between 2. 10 IN￿rS p(xn in time. Year 1. Berries communty café had 25 &ive volunteers. who cffitributed apwox. 2139 hours the equivalent of £24,470 (at minimum wage - £11.44 Fth). The Repair Café, has a FX)ol of 20 vdunteers. wilh apFKox. 10 at eath nvthty repair café averagng 3 hcwrs pcxn. Public ber￿fft In settir¥J their obiedives and planning tsir adivitsts the tmstees tr￿Ve given ¢2refiA cons#￿ lo Ihe Charity Cnefiness. develoFed local skills. and supported I￿lU$￿e cJ)mmunty growlh. INthout these Spa￿S. mary resmjents wwld lack a(xess lo vrtal servi￿, support, and Page 1

& Stratton Commun• ect CIO rt of the Trus for the Year Ended 31 March 2025 FINANCIAL RE4fjEW Financial position Incoming resources oblained lottery fuThJing to run the Berries Thè in generated by the Neetside f￿01ed akn inc¥eased to £87.222, with a further WKxease of £12,1(K) in feri(aed lo undethe a •1 Funds arKI balances At ts year eTrJ the tcrtal lur#J balan￿ was £6￿.444 wilh the ￿restr￿ted fuThJ standing at £232.944. £Nil rm Ihe restrtded furKI and £464,CKrf) on the endQV￿ fijnd. The onty Move￿ in the ef¥Jcw￿ fijnd is for the annua deprea'ation char9e. The transfer betsveen Ihe reslrided and unrestri(aed fund relates to the extematy funded costs of Reserves polfj¢y Reserves Frf)I The unreslrided resep4es of the CIO are £232,944 at the year erKI and a substantial part of the reserves is the tsngible fixed assets hekl arKI employed by the CIO for its ctsritable puryx)se Trbe trustees believe that for finana slabilty the available reser¥es {the net caJrrenl assets) should be at least suffici￿1 lo Cover operating costs for a period were £185.512 whith is atM)ve the resenfes reqmd. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing d¢xument Recruitment and aF)pointment of new tn￿teeS Trustees are appointed by a resolution passed at a property cx)nvened meeting of the charity trustees. In seledtng ff)divKJuals f(x aPF￿ntrnent regard is had to the skills. knowl and eXper￿n￿ needed for the effedive administration ofthe CIO. OrganifAtional structure The minimum rnxnber of trustees is 7 the maXin￿M is 12. The trustees meet regulafy during the year. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1172752 Principal address Bude Ci¥nwal EX23 8LB Page 2

Bude & Stratton Communi ect CIO of the Trustees for the Year Ended 31 March 2025 T￿￿tee$ Hilary W￿n Jan Hunt Clare Hiths Chnstopher Jthvell Brian Dixon Heather Smith Julie Gray Antr￿￿Y Haf Glyn ColSen Mary Greener Martn Independent Examiner Metherell Gard Ltd Bumw BUDE Comwall EX23 8BX Apwoved by order oflhe board of trustees ￿ ................. .. ...................... Mrs M Greener- Trustee Pa9e 3

ndent Examinerfs Re rttotheTn 8ude & trdtton C¢>mmuni ect CIO Independent examinevs report to the trustees of Bude & Stratton Community Propct CIO I rewt to the iarity tnjstees cm my examination of the accounts of Bude & Stratton Ccmmunty Prcied CIO (the Trust) Ihe year er¥Jed 31 Marth 2025. Responslbilities and basis of report As the charity trustees of the Trust you are re¥￿$th for Ihe KKeparnti(x) of the W)￿rrtS in ￿AX￿dar￿ with Ihe requirerrnts of the charl￿ Ad 2011 Cthe Ad). I rewt resped of my examinati￿ ol the Trusts ac£wnts carried cMJt undef Section 145 of Ihe Ad and in carying out my examinalion I have fcAlowed all aprAKth Direc*ions given by the Charty COMMI￿ under Serai(Jn 145(5)(b) of Irmlependent examinerfs statement I have o)mpleled my examination. I CJ)nfirm that rK• mtsial mattefs have to my attenti￿ in c¢x¥￿￿￿ with the accwntiry tec£Kds wwe Th)t kept in resped of the Trust as required by ser￿(￿ 130 of the Acl" I the acxounts do nol accx)rd Ihose rectyds: or c￿1 in the Charthes (Accounts and Repc¥ts) Regulations 2CA)8 Ott￿r than any requirement that the accounts give David Methwell Gard Ltd Bum BUDE EX23 88X Page 4

Bude & Stratton Communi tCIO Statement of Financial Activities for the Year Ended 31 March 2025 2025 Total 2024 fund funds as restated Notes INCOME AND ENDOWMENTS FROM 11.344 Charitable activities C￿lMUnty Hub Berries rJ)mmunity (afe 23,998 24.236 87,222 24,298 71,529 99.322 33.101 22.863 67.489 47.293 11100 1,801 143 1,801 143 1.876 574 Total 148.744 59.993 208.737 127.823 EXPENDITURE ON Charitable activities Communty Hub 300 45.793 2.766 65.700 93.324 1766 5.558 19,907 93.324 1766 Neetside SupKXXt a)sts 93,254 924 8.160 15.160 13.656 Total 126,623 46.093 179,716 150.256 Net gainsl(bsses) ( investments 12.698) (1698) 4.828 NET INCOMEI{EXPENDITURE) Trnnsfers between funds 19,423 13.900 13,900 (13.900) (7.000) 26.323 {17.605) 14 Net movement in funds 33,323 17,IXKI) 26,323 {17.605) RECONCIUATION OF FUNDS Toial funds brwght forward 199.621 471,000 670,621 TOTAL FUNDS CARRIED FORWARO 232,944 696.944 670.621 Page 5

Bu & Strdtton C mmuni Balance Sheet 31 March 2025 2025 Total 2024 Un￿$trIC￿ed Restri¢Aed End[￿￿1 funds ffijnds as restated Notes FIXED ASSETS Tangible assets 47.432 511.432 486.422 CURRENT ASSETS St¢xks 10 11 12 1.132 13.689 81,166 98.510 1.132 13.689 81.166 119,777 Investrnents Cash at bank arKI in hwKI 21,267 1Cfj.562 194.497 21.267 215,764 199.931 CREDITORS Amounts falling thje witt)¥i (¥ 13 (8.985) {21,267) {30,2521 (15,732) NET CURRENT ASSETS 185,512 185.512 184.199 TOTAL ASSETS LESS CURRENT UABIUTIES 232.944 696,944 670,621 NET ASSETS 232.944 464,000 696.944 670.621 FUNDS Unrestri(Xed fijnds 14 232.944 199.621 471,0(X) TOTAL FUNDS 696,944 670.621 Page 6

Bude & Stra Communi Pro cio Notes to the Financial Statements for the Year Ended 31 Idarch 2025 ACCOUNTING POLICIES Basis of preparing the firwncial slatements The finanaal stslements of the charity. whiL is a wblic benefrt entity under FRS 102. have been prepared in accordan￿ with ts Chwities SORP (FRS 102) 'Aminting and Repwyb'ng by Charths: Statement of Recommended Pra(kn applicable to caarities wepafiThJ their ac£ounts in ac£ixdance WFth the Financial ReportirvJ Standard applicab￿ in tr￿ UK arKI Republic of Ireland (FRS 102) (effective 1 January 2019)., Finan()￿ Reporting Standard 102 The Financiai Rewtng Standard appluble in the UK and Repubk of Irelan(r and the Charrtjes Acl 2011. Tre financial statements have been wepared under the htstorical cost Tr£ finan(¥al statements hwie been prepared to give a and fairf view ar¥J have departed from the Chantss (Accounts and ReFQrts) Regulations 2CKJ8 only to the extent required lo provide a Irue and fair Vithrf. This departure has involved follwing the A0￿rtir￿J and ReFKKb'ng by Charities: Statement of Recomnwded PraLce applitsble to d)arities wepwiTh3 their ac1￿Unts in aCCordar￿e with the Finanoal Reporting Standard applicable in the UK and ReWtI￿ of I￿land iSsL￿d in Odober 2019 rather than the A(Lounting and Rep￿ing Income AN income ts recwnised in the Ststement of Finantia Adi4ryI￿S On￿ the charity has ￿tille￿￿ to Ihe furKls, it is probable that the income ￿11 be received arnl the amount can be measured rdhgbty. For donths to be fecognised ts ctarity WTII have been notified of the arn￿nts and the settlement date in wrybng. If there a￿ CCKKJilions attac￿ to the donalh)n this requi￿ a level of FErf￿￿nCe before entitlement can be obtained then income is deferred until those oxfflrtions a￿ ￿lty met or the fulfilmerrt of Ihose C￿drtm?ns is wilhin Ihe <￿trol of the d)anty aTrJ rt is kwobabk that wbll be fulfilled. Fixed asset grfts in kind are recognised receivth ￿ we indLKled al fair value. Tlw are not deferred i)ver the life of the asset Incy)me from g)vemment and other grants. whether'captsl. grants or'revenue. grants. is recognised at fair vaue the charty has entrtlement to the funds. any perf￿n￿ condibons attadled lo the granls have been met. rt is probable that the [r￿arne wll be received and the amcmjnt can be measufed reliably. If entjdeme No amount is inCj￿ in the finan(xa statenvts for Vol￿teer tyne with SORP (FRS 102). Furlher detail is given in Tntstees, Anrwl Retts1. Expenditure Liabilrties are recognised as experth. ure as a5 there is a legal ￿ (¥￿V￿e otI￿at￿ t￿lmIllir￿j dwrity to that eXp￿IlUre. il is wobable that a transler of ecxJnomiG beneffts vrill be required in settle￿￿nI and the amount of the obliga11￿ can be measured reliaw. ExpeTrJiture is accounted for w an acuuals basis and has been dasstfed under headings that aggregate all o)st related to the category. V4here o)sts cannot be directty attritrArted to part￿￿ headings have been aVoced lo xlivi1￿ cfi a basis (xx)sistent wilh the use Tangible fixed assets Depreciabon ￿ provided on all tangible r￿ed assets. at rales c21oJlated lo write off costs, Sess estimated residual value, of eath asset on a Systemat￿ basts over rls expected useful lrfe as folkws.. Freehold Land Freehokl BuildiThJs Fixtures arKI fittirys Other tsThJible fixed assets on cost 10- 25% on cost 20. 33% on cost Stocks Stocks are valLd at the k￿￿ of cost and net rea&sable value. after makKw due alkmtan￿ ts obsolete and slchv moving ￿effls. Taxation The chanty is exempt from tax cm its tharilable acvities. Page 7

Bude & Stratton Communi Notes to the Financial Statements . continued for the Year Ended 31 March 2025 ACCOUNTING POUCIES - continued Fund accounting is shthvn in the financial ststements as a permanent end(wwL in acc¥ydance with the carity constrtlrti￿. Income arising ￿ the end(wmenl funds be used tn aC0ydan￿ with the Ot￿ of the charty and is induded as unrestrpxed inc)Jme. Any CA￿￿1 gains or losses arising Ihe investrnents f￿ part of Ihe Hlre purchase and leasing commitinents Rentals paid under operating leases are thorged to SLement of F¥wn(ial AdN1t1￿ on a straight line basi5 Pension Costs and other post-retirement benefits The charity operates a defined Contributh￿ pension s(theffE. ContritKrtions payable to the pensi Sd￿ are cknrged to the Slatement of Finan(aal Activities in the period to vthith they relate. Financial instruments liabilities as rent, trade aThJ Ott￿r r￿1Vable arthj payable. and Lzsh hekl at bank. Furiher Debtors Rent and other debtors are recognised al the settleft￿nt amwrt due after any disc£wrrt offered. Prepayments are valued al the anN)unt wepaid net of any disC￿lnts due. Creditors will probatAy result in the transfer of funds to a third party and the a￿K￿nt due to settle the obligation can be measured or estimated reliabty. Creditors arwj FY0visi￿ are reccgnised at settl￿￿nI an(xnt after alkmting for any distswnts due. INVESTMENT INCOME 2025 2024 as restated 762 1.039 Dep)sit accrAJnt interest 1,146 1.801 1,876 Page 8

Bude & Stratton Communi tCIO Notss to the Financial Ststements - conttnued for the Year Ended 31 March 2025 CHARITABLE ACTMTIES COSTS SupiKKt sts (see note 5) Costs (see rK)te 4) Totals ccrfnrn￿ty Hub 1766 65.700 93,324 2,766 65.700 93.324 2,766 Neetside Supwt costs 1766 161,790 2,766 164.556 DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 as restated Stsff costs 106.915 3,089 1091 3.867 11659 199 128 126 73.415 1.726 1.077 4,743 6.561 Rates arKI water Insuran Light and heat TeleplKfft Postsge aTrJ stalMJ Advertising Sundries CleanirvJ Consuhants Food and dri Repairs and rerfft¥als 1,441 122 933 1.105 2.721 526 29.551 15 10.116 276 Sel up costs Siiyage Catering Adivity expenses Communty hub exP￿seS Computer ￿$ts Staff traniNJ 120 75 3,037 1,619 21 198 144 1.193 913 161,790 135.676 SUPPORT COSTS Tota 15,160 15,160 2.766 1766 15.160 1766 17.926 Page 9

8ude&S muni cio Notes to the Financlal Statements - contin for the Year Ended 31 March 2025 SUPPORT COSTS - continued SupF4M ts)sts. iNaLthI in the at￿. are as fo11ry￿. 2025 2024 as restated Totsl Tolal Deweuation of tangible f￿ed assets Irwjependent exanyr*fs fees 15,160 15,160 1766 13,656 924 2,766 15.160 2.766 17,926 14,580 TRUSTEES. REMUNERATION AND BENEFITS 31 March 2024. Trustees. expenses There were rK) Irustees. exper￿$ p￿d the year ￿ 31 Marth 2025 nor for the year ended 31 Marth 2024. STAFF COSTS 2025 2024 as reslated Wages and salaries 105.805 1.110 72.676 739 106,915 73,415 The average monthty of empbyees durir¥J the year was as folkws.. 2025 2024 as restated Slaff (exc￿ trustees) PRIOR YEAR ADJUSTMENT The figures for 21f24 have been restated a5 an error was identrfied on the fimd balan￿$ in the issued statements. The trustees have adopted an adivity basis of reporting and the fvJures have been restated to retlect this. Page 10

B d & Stratton Communi cio Notes to the Financial Ststements - nlinued for the Year Ended 31 March 2025 TANGIBLE FIXED ASSETS Freehc4d Sh(wt Plant and COST At 1 2024 $55,321 19.842 8.614 5,728 836 At 31 Marth 2025 575,163 17,180 DEPRECIATION At 1 April 2024 Charge for year 77.257 10,853 1266 209 2,192 At 31 Marth 2025 88.110 1,475 NET BOOK VALUE At 31 Marth 2025 487.053 13,403 5,089 At 31 Mard12024 478.(A4 Fthres aTrJ fftlings Comwter Totals COST At 1 April 2024 20,274 4.283 19.402) 1.864 1.703 577.459 40,170 At 31 Marth 2025 15,155 3,567 617,629 DEPRECIATION At 1 AWFI 2024 Charge for year 11,940 91,037 15.160 476 (2.401) At 31 Marth 2025 10.519 1316 106,197 NET BOOK VALUE At 31 March 2025 4,636 1,251 511,432 At 31 Marth 2024 8.334 24 486.422 10. STOCKS 2025 2024 as restated 1.132 Page 11

Bude & Stratton Communi Notes to the Financial Statements . conlinued for the Year Ended 31 March 2025 11. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 as ￿stated Trade debtOf5 Prepayments and ￿(XUed 10,605 3,084 125 13,689 9.￿5 12. CURRENT ASSET INVESTMENTS 2025 2024 as restated 81.166 13. CREDITORS: AMOUNTS FALUNG DUE WtTHIN ONE YEAR 2025 2024 as ￿stated Trade c¥edito Sooal security arKI other taxes 3.740 1,136 171 11.074 Aoyuals and deferred I)c￿rne 25.092 30,252 15.732 14. MOVEMENT IN FUNDS Net movement in fijnds Transfers be￿een funds At 31.3.25 At 1.4.24 Unrestricted fvnds General fund 199.621 19.423 13.9)0 232,944 Restricted funds Communty Hub (1.500 112.100 12,100 13.900 113,9001 Endowment funds ENDOWMENT 471,1)00 17,000) TOTAL FUNDS 670,621 26.323 696.944 P￿e 12

Bude & Stratton C muni tCIO Notes to Financial Statements . continued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS - continwd Net movement in funds. in the ax)ve are as f￿5￿. funds Unrestricted funds General fund 148,744 (126.6231 12,698) 19.423 Restrlcted funds Communty Hub Reathing Communilies Lottery Grant Berries 45.793 (45.793) 12.100 12.100 59.993 146,093> 13.900 Endowment funds ENDOWENT (7,000) ,000) TOTAL FUNDS 208.737 1179.716) {2.698) 26.323 Comparatives for movement in furbds Net At 31.3.24 Al 1.423 fuTKIs Unrestricted funds 210.226 (10,ei)5) 193.621 Endtrmnent funds ENDOIMAENT 478.lYJ) (7.rxx)) 471.(MX) TOTAL FUNDS 688.226 (17.605) 670.621 in funds Unrestricted funds General fund 78.727 {94.160) 4.828 (10.605) Ci)mmunity Hub Pla￿S Called Home- BCCT Reathing Commvnbties Lottery Grant Bude Volunteef Bufeau 23.992 1,233 22,863 123.992) {1,233) (22,863) {1.Ll)8) 49,096 {49.￿) Endowment funds ENDOVhAENT (7.(XX)) (7.(￿X)) TOTAL FUNDS 127,823 (150.256) 4.828 (17.605) Page 13

Bude & Stratton Cofflmuni cio to the Flnancial Ststements . conlinued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS - continued assets. 15. RELATED PARTY DISCLOSURES P&3e 14

REGISTERED CHARITY NUMBER: 1172752 Unaudited Financial Statem for the Year Ended 31 March 2025 & Stratton Communi cio Mettwel Gard Ltd Bum Wwi BUDE EX23 8BX

Bude & Stratton Communi cio tents of the Financial S for the Year Ended 31 March 2025 Page Report of the Trustees 1 to 3 Independent Examtnerfs Report Statanent of Financial A￿1VitieS Bala1￿ Sheet Notes to the Financial Statements 7 to 14

Bude & Stratton Communi of the Trustees for the Year Ended 31 March 2025 trustees have adopled the Fffovisions of A¢)))untirvJ arNJ ReKMJ￿.n9 by Chartss.. Stslen￿rrt of Recommend￿ Praclice applicable lo charities preparing their accounts in ac¢)Jrdance with Ihe Finwxyal Report"In9 Slandard ap￿ble in the UK and Republic of Ireland (FRS 102> {effective 1 JanL￿ry 2019). The finarmial ststements have been tKepared in accordance with the accourfing policies set out in notes to the ac<x)unts and cxmnply wilh Ihe thariVs govemiThJ doollwl, the Charilies A(1 2011 and Acc(￿nting a￿1 Re￿Ing by Chartties: Statement of Re(X)m￿ Prac11￿ applicable to tharities wepariNJ Iheir ￿rAJnts in acclYdan￿ with the Finan¢i Rewrting StarKlar(l apfv￿ in the UK and Rewbk of IrelarKJ in Odober 2019. OBJECTIVES AND ACTMTIES Objectives and aims The charitable obj'edives we to prc¥T￿e the benefft of the inhabitants of the area of Ihe benefrt (B￿je. Stratton and Districl) With￿ distinclion of sex, sexual (w)labcY), Ta￿ or of Fdititsl. reb3ious or olher opinions. by assLxiatir¥J together the said inhatytants and the kxal authorities, volunLiry and other organtsations in a common effort to advance education and to provth facililies in the interests of socaal welfare: for recreatK)n and leisufe-time I￿paI￿ wilh Ihe objecl of improving ts o)ndititsis of life for saKI inhabitants. Hiring of Offi￿CoUn$el11nglmeetsn9 sPa￿S at Neetside. Provsding a wann. safe. inviting space for all at Berries CcKnmunty Café. Holding aclivrties aThJ groups at b)th sites for the benefft of healih and of parts(¥ants. BSCP is rMA a fft making dHnty. The conlritxrtion by vc4unteers is very importanL BSCP has 12 Tnjstees all of ￿t￿)m are volunteers. vtho on average C￿tribUte between 2. 10 IN￿rS p(xn in time. Year 1. Berries communty café had 25 &ive volunteers. who cffitributed apwox. 2139 hours the equivalent of £24,470 (at minimum wage - £11.44 Fth). The Repair Café, has a FX)ol of 20 vdunteers. wilh apFKox. 10 at eath nvthty repair café averagng 3 hcwrs pcxn. Public ber￿fft In settir¥J their obiedives and planning tsir adivitsts the tmstees tr￿Ve given ¢2refiA cons#￿ lo Ihe Charity Cnefiness. develoFed local skills. and supported I￿lU$￿e cJ)mmunty growlh. INthout these Spa￿S. mary resmjents wwld lack a(xess lo vrtal servi￿, support, and Page 1

& Stratton Commun• ect CIO rt of the Trus for the Year Ended 31 March 2025 FINANCIAL RE4fjEW Financial position Incoming resources oblained lottery fuThJing to run the Berries Thè in generated by the Neetside f￿01ed akn inc¥eased to £87.222, with a further WKxease of £12,1(K) in feri(aed lo undethe a •1 Funds arKI balances At ts year eTrJ the tcrtal lur#J balan￿ was £6￿.444 wilh the ￿restr￿ted fuThJ standing at £232.944. £Nil rm Ihe restrtded furKI and £464,CKrf) on the endQV￿ fijnd. The onty Move￿ in the ef¥Jcw￿ fijnd is for the annua deprea'ation char9e. The transfer betsveen Ihe reslrided and unrestri(aed fund relates to the extematy funded costs of Reserves polfj¢y Reserves Frf)I The unreslrided resep4es of the CIO are £232,944 at the year erKI and a substantial part of the reserves is the tsngible fixed assets hekl arKI employed by the CIO for its ctsritable puryx)se Trbe trustees believe that for finana slabilty the available reser¥es {the net caJrrenl assets) should be at least suffici￿1 lo Cover operating costs for a period were £185.512 whith is atM)ve the resenfes reqmd. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing d¢xument Recruitment and aF)pointment of new tn￿teeS Trustees are appointed by a resolution passed at a property cx)nvened meeting of the charity trustees. In seledtng ff)divKJuals f(x aPF￿ntrnent regard is had to the skills. knowl and eXper￿n￿ needed for the effedive administration ofthe CIO. OrganifAtional structure The minimum rnxnber of trustees is 7 the maXin￿M is 12. The trustees meet regulafy during the year. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1172752 Principal address Bude Ci¥nwal EX23 8LB Page 2

Bude & Stratton Communi ect CIO of the Trustees for the Year Ended 31 March 2025 T￿￿tee$ Hilary W￿n Jan Hunt Clare Hiths Chnstopher Jthvell Brian Dixon Heather Smith Julie Gray Antr￿￿Y Haf Glyn ColSen Mary Greener Martn Independent Examiner Metherell Gard Ltd Bumw BUDE Comwall EX23 8BX Apwoved by order oflhe board of trustees ￿ ................. .. ...................... Mrs M Greener- Trustee Pa9e 3

ndent Examinerfs Re rttotheTn 8ude & trdtton C¢>mmuni ect CIO Independent examinevs report to the trustees of Bude & Stratton Community Propct CIO I rewt to the iarity tnjstees cm my examination of the accounts of Bude & Stratton Ccmmunty Prcied CIO (the Trust) Ihe year er¥Jed 31 Marth 2025. Responslbilities and basis of report As the charity trustees of the Trust you are re¥￿$th for Ihe KKeparnti(x) of the W)￿rrtS in ￿AX￿dar￿ with Ihe requirerrnts of the charl￿ Ad 2011 Cthe Ad). I rewt resped of my examinati￿ ol the Trusts ac£wnts carried cMJt undef Section 145 of Ihe Ad and in carying out my examinalion I have fcAlowed all aprAKth Direc*ions given by the Charty COMMI￿ under Serai(Jn 145(5)(b) of Irmlependent examinerfs statement I have o)mpleled my examination. I CJ)nfirm that rK• mtsial mattefs have to my attenti￿ in c¢x¥￿￿￿ with the accwntiry tec£Kds wwe Th)t kept in resped of the Trust as required by ser￿(￿ 130 of the Acl" I the acxounts do nol accx)rd Ihose rectyds: or c￿1 in the Charthes (Accounts and Repc¥ts) Regulations 2CA)8 Ott￿r than any requirement that the accounts give David Methwell Gard Ltd Bum BUDE EX23 88X Page 4

Bude & Stratton Communi tCIO Statement of Financial Activities for the Year Ended 31 March 2025 2025 Total 2024 fund funds as restated Notes INCOME AND ENDOWMENTS FROM 11.344 Charitable activities C￿lMUnty Hub Berries rJ)mmunity (afe 23,998 24.236 87,222 24,298 71,529 99.322 33.101 22.863 67.489 47.293 11100 1,801 143 1,801 143 1.876 574 Total 148.744 59.993 208.737 127.823 EXPENDITURE ON Charitable activities Communty Hub 300 45.793 2.766 65.700 93.324 1766 5.558 19,907 93.324 1766 Neetside SupKXXt a)sts 93,254 924 8.160 15.160 13.656 Total 126,623 46.093 179,716 150.256 Net gainsl(bsses) ( investments 12.698) (1698) 4.828 NET INCOMEI{EXPENDITURE) Trnnsfers between funds 19,423 13.900 13,900 (13.900) (7.000) 26.323 {17.605) 14 Net movement in funds 33,323 17,IXKI) 26,323 {17.605) RECONCIUATION OF FUNDS Toial funds brwght forward 199.621 471,000 670,621 TOTAL FUNDS CARRIED FORWARO 232,944 696.944 670.621 Page 5

Bu & Strdtton C mmuni Balance Sheet 31 March 2025 2025 Total 2024 Un￿$trIC￿ed Restri¢Aed End[￿￿1 funds ffijnds as restated Notes FIXED ASSETS Tangible assets 47.432 511.432 486.422 CURRENT ASSETS St¢xks 10 11 12 1.132 13.689 81,166 98.510 1.132 13.689 81.166 119,777 Investrnents Cash at bank arKI in hwKI 21,267 1Cfj.562 194.497 21.267 215,764 199.931 CREDITORS Amounts falling thje witt)¥i (¥ 13 (8.985) {21,267) {30,2521 (15,732) NET CURRENT ASSETS 185,512 185.512 184.199 TOTAL ASSETS LESS CURRENT UABIUTIES 232.944 696,944 670,621 NET ASSETS 232.944 464,000 696.944 670.621 FUNDS Unrestri(Xed fijnds 14 232.944 199.621 471,0(X) TOTAL FUNDS 696,944 670.621 Page 6

Bude & Stra Communi Pro cio Notes to the Financial Statements for the Year Ended 31 Idarch 2025 ACCOUNTING POLICIES Basis of preparing the firwncial slatements The finanaal stslements of the charity. whiL is a wblic benefrt entity under FRS 102. have been prepared in accordan￿ with ts Chwities SORP (FRS 102) 'Aminting and Repwyb'ng by Charths: Statement of Recommended Pra(kn applicable to caarities wepafiThJ their ac£ounts in ac£ixdance WFth the Financial ReportirvJ Standard applicab￿ in tr￿ UK arKI Republic of Ireland (FRS 102) (effective 1 January 2019)., Finan()￿ Reporting Standard 102 The Financiai Rewtng Standard appluble in the UK and Repubk of Irelan(r and the Charrtjes Acl 2011. Tre financial statements have been wepared under the htstorical cost Tr£ finan(¥al statements hwie been prepared to give a and fairf view ar¥J have departed from the Chantss (Accounts and ReFQrts) Regulations 2CKJ8 only to the extent required lo provide a Irue and fair Vithrf. This departure has involved follwing the A0￿rtir￿J and ReFKKb'ng by Charities: Statement of Recomnwded PraLce applitsble to d)arities wepwiTh3 their ac1￿Unts in aCCordar￿e with the Finanoal Reporting Standard applicable in the UK and ReWtI￿ of I￿land iSsL￿d in Odober 2019 rather than the A(Lounting and Rep￿ing Income AN income ts recwnised in the Ststement of Finantia Adi4ryI￿S On￿ the charity has ￿tille￿￿ to Ihe furKls, it is probable that the income ￿11 be received arnl the amount can be measured rdhgbty. For donths to be fecognised ts ctarity WTII have been notified of the arn￿nts and the settlement date in wrybng. If there a￿ CCKKJilions attac￿ to the donalh)n this requi￿ a level of FErf￿￿nCe before entitlement can be obtained then income is deferred until those oxfflrtions a￿ ￿lty met or the fulfilmerrt of Ihose C￿drtm?ns is wilhin Ihe <￿trol of the d)anty aTrJ rt is kwobabk that wbll be fulfilled. Fixed asset grfts in kind are recognised receivth ￿ we indLKled al fair value. Tlw are not deferred i)ver the life of the asset Incy)me from g)vemment and other grants. whether'captsl. grants or'revenue. grants. is recognised at fair vaue the charty has entrtlement to the funds. any perf￿n￿ condibons attadled lo the granls have been met. rt is probable that the [r￿arne wll be received and the amcmjnt can be measufed reliably. If entjdeme No amount is inCj￿ in the finan(xa statenvts for Vol￿teer tyne with SORP (FRS 102). Furlher detail is given in Tntstees, Anrwl Retts1. Expenditure Liabilrties are recognised as experth. ure as a5 there is a legal ￿ (¥￿V￿e otI￿at￿ t￿lmIllir￿j dwrity to that eXp￿IlUre. il is wobable that a transler of ecxJnomiG beneffts vrill be required in settle￿￿nI and the amount of the obliga11￿ can be measured reliaw. ExpeTrJiture is accounted for w an acuuals basis and has been dasstfed under headings that aggregate all o)st related to the category. V4here o)sts cannot be directty attritrArted to part￿￿ headings have been aVoced lo xlivi1￿ cfi a basis (xx)sistent wilh the use Tangible fixed assets Depreciabon ￿ provided on all tangible r￿ed assets. at rales c21oJlated lo write off costs, Sess estimated residual value, of eath asset on a Systemat￿ basts over rls expected useful lrfe as folkws.. Freehold Land Freehokl BuildiThJs Fixtures arKI fittirys Other tsThJible fixed assets on cost 10- 25% on cost 20. 33% on cost Stocks Stocks are valLd at the k￿￿ of cost and net rea&sable value. after makKw due alkmtan￿ ts obsolete and slchv moving ￿effls. Taxation The chanty is exempt from tax cm its tharilable acvities. Page 7

Bude & Stratton Communi Notes to the Financial Statements . continued for the Year Ended 31 March 2025 ACCOUNTING POUCIES - continued Fund accounting is shthvn in the financial ststements as a permanent end(wwL in acc¥ydance with the carity constrtlrti￿. Income arising ￿ the end(wmenl funds be used tn aC0ydan￿ with the Ot￿ of the charty and is induded as unrestrpxed inc)Jme. Any CA￿￿1 gains or losses arising Ihe investrnents f￿ part of Ihe Hlre purchase and leasing commitinents Rentals paid under operating leases are thorged to SLement of F¥wn(ial AdN1t1￿ on a straight line basi5 Pension Costs and other post-retirement benefits The charity operates a defined Contributh￿ pension s(theffE. ContritKrtions payable to the pensi Sd￿ are cknrged to the Slatement of Finan(aal Activities in the period to vthith they relate. Financial instruments liabilities as rent, trade aThJ Ott￿r r￿1Vable arthj payable. and Lzsh hekl at bank. Furiher Debtors Rent and other debtors are recognised al the settleft￿nt amwrt due after any disc£wrrt offered. Prepayments are valued al the anN)unt wepaid net of any disC￿lnts due. Creditors will probatAy result in the transfer of funds to a third party and the a￿K￿nt due to settle the obligation can be measured or estimated reliabty. Creditors arwj FY0visi￿ are reccgnised at settl￿￿nI an(xnt after alkmting for any distswnts due. INVESTMENT INCOME 2025 2024 as restated 762 1.039 Dep)sit accrAJnt interest 1,146 1.801 1,876 Page 8

Bude & Stratton Communi tCIO Notss to the Financial Ststements - conttnued for the Year Ended 31 March 2025 CHARITABLE ACTMTIES COSTS SupiKKt sts (see note 5) Costs (see rK)te 4) Totals ccrfnrn￿ty Hub 1766 65.700 93,324 2,766 65.700 93.324 2,766 Neetside Supwt costs 1766 161,790 2,766 164.556 DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 as restated Stsff costs 106.915 3,089 1091 3.867 11659 199 128 126 73.415 1.726 1.077 4,743 6.561 Rates arKI water Insuran Light and heat TeleplKfft Postsge aTrJ stalMJ Advertising Sundries CleanirvJ Consuhants Food and dri Repairs and rerfft¥als 1,441 122 933 1.105 2.721 526 29.551 15 10.116 276 Sel up costs Siiyage Catering Adivity expenses Communty hub exP￿seS Computer ￿$ts Staff traniNJ 120 75 3,037 1,619 21 198 144 1.193 913 161,790 135.676 SUPPORT COSTS Tota 15,160 15,160 2.766 1766 15.160 1766 17.926 Page 9

8ude&S muni cio Notes to the Financlal Statements - contin for the Year Ended 31 March 2025 SUPPORT COSTS - continued SupF4M ts)sts. iNaLthI in the at￿. are as fo11ry￿. 2025 2024 as restated Totsl Tolal Deweuation of tangible f￿ed assets Irwjependent exanyr*fs fees 15,160 15,160 1766 13,656 924 2,766 15.160 2.766 17,926 14,580 TRUSTEES. REMUNERATION AND BENEFITS 31 March 2024. Trustees. expenses There were rK) Irustees. exper￿$ p￿d the year ￿ 31 Marth 2025 nor for the year ended 31 Marth 2024. STAFF COSTS 2025 2024 as reslated Wages and salaries 105.805 1.110 72.676 739 106,915 73,415 The average monthty of empbyees durir¥J the year was as folkws.. 2025 2024 as restated Slaff (exc￿ trustees) PRIOR YEAR ADJUSTMENT The figures for 21f24 have been restated a5 an error was identrfied on the fimd balan￿$ in the issued statements. The trustees have adopted an adivity basis of reporting and the fvJures have been restated to retlect this. Page 10

B d & Stratton Communi cio Notes to the Financial Ststements - nlinued for the Year Ended 31 March 2025 TANGIBLE FIXED ASSETS Freehc4d Sh(wt Plant and COST At 1 2024 $55,321 19.842 8.614 5,728 836 At 31 Marth 2025 575,163 17,180 DEPRECIATION At 1 April 2024 Charge for year 77.257 10,853 1266 209 2,192 At 31 Marth 2025 88.110 1,475 NET BOOK VALUE At 31 Marth 2025 487.053 13,403 5,089 At 31 Mard12024 478.(A4 Fthres aTrJ fftlings Comwter Totals COST At 1 April 2024 20,274 4.283 19.402) 1.864 1.703 577.459 40,170 At 31 Marth 2025 15,155 3,567 617,629 DEPRECIATION At 1 AWFI 2024 Charge for year 11,940 91,037 15.160 476 (2.401) At 31 Marth 2025 10.519 1316 106,197 NET BOOK VALUE At 31 March 2025 4,636 1,251 511,432 At 31 Marth 2024 8.334 24 486.422 10. STOCKS 2025 2024 as restated 1.132 Page 11

Bude & Stratton Communi Notes to the Financial Statements . conlinued for the Year Ended 31 March 2025 11. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 as ￿stated Trade debtOf5 Prepayments and ￿(XUed 10,605 3,084 125 13,689 9.￿5 12. CURRENT ASSET INVESTMENTS 2025 2024 as restated 81.166 13. CREDITORS: AMOUNTS FALUNG DUE WtTHIN ONE YEAR 2025 2024 as ￿stated Trade c¥edito Sooal security arKI other taxes 3.740 1,136 171 11.074 Aoyuals and deferred I)c￿rne 25.092 30,252 15.732 14. MOVEMENT IN FUNDS Net movement in fijnds Transfers be￿een funds At 31.3.25 At 1.4.24 Unrestricted fvnds General fund 199.621 19.423 13.9)0 232,944 Restricted funds Communty Hub (1.500 112.100 12,100 13.900 113,9001 Endowment funds ENDOWMENT 471,1)00 17,000) TOTAL FUNDS 670,621 26.323 696.944 P￿e 12

Bude & Stratton C muni tCIO Notes to Financial Statements . continued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS - continwd Net movement in funds. in the ax)ve are as f￿5￿. funds Unrestricted funds General fund 148,744 (126.6231 12,698) 19.423 Restrlcted funds Communty Hub Reathing Communilies Lottery Grant Berries 45.793 (45.793) 12.100 12.100 59.993 146,093> 13.900 Endowment funds ENDOWENT (7,000) ,000) TOTAL FUNDS 208.737 1179.716) {2.698) 26.323 Comparatives for movement in furbds Net At 31.3.24 Al 1.423 fuTKIs Unrestricted funds 210.226 (10,ei)5) 193.621 Endtrmnent funds ENDOIMAENT 478.lYJ) (7.rxx)) 471.(MX) TOTAL FUNDS 688.226 (17.605) 670.621 in funds Unrestricted funds General fund 78.727 {94.160) 4.828 (10.605) Ci)mmunity Hub Pla￿S Called Home- BCCT Reathing Commvnbties Lottery Grant Bude Volunteef Bufeau 23.992 1,233 22,863 123.992) {1,233) (22,863) {1.Ll)8) 49,096 {49.￿) Endowment funds ENDOVhAENT (7.(XX)) (7.(￿X)) TOTAL FUNDS 127,823 (150.256) 4.828 (17.605) Page 13

Bude & Stratton Cofflmuni cio to the Flnancial Ststements . conlinued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS - continued assets. 15. RELATED PARTY DISCLOSURES P&3e 14