Statement ofAccounts forthe Year Ended 3191 March 2024 for A e Concern Bude and District Re istered No. 274618
Age Concern Bude and Distrlct Statement of Accounts st For the Year Ended 31 March 2024 Index PAGE Trustees Annual Report Receipts and Payments Accounts Statement ofAssets Detailed Receipts and Payments Accounts Independent Examiner's Report
A e Concern Bude and District Trustees Annual Re ort For the Year ended 31st March 2024 Age Concem Bude arbd District. 5 Princes Street. Bude, Comwall EX23 8AT is an unincorporated charitable association and is registered with the Charity Commissioners {No 2746181. is governed by a wrillen Constitution most recently updated September 2023 and is jointly controlled by the Trustees. The Charity Tnjstees during the year ended 31. March 2024 were". - MR T BENSON CHAIRMAN (RESIGNED 8" SEPTEMBER 2023.) MR K. COLWILL TH CHAIRMAN (APPOINTED 8 SEPTEMBER 20231 MR J WONNACO VICE-CHAIRMAN MRS R PENN SECRETARY TRUSTEE (APPOINTED 8th SEPTEMBER 2023} MSRLEE TREASURER MRS S VOADEN SHOP MANAGER MR A PIPER DRIVER MANAGER MRS S WONNACO TH TRUSTEE {RESIGNED 8 SEPTEMBER 20231 MRS D PIPER TRUSTEE MRS L DOWELL TRUSTEE MRS E PRIEST TRUSTEE (APPOINTED 8" SEPTEMBER 20231 TRUSTEE (APPOINTED 8, SEPTEMBER 20231 MR C BOWDEN New trustees are appointed by invitslion and then election al the following AGM. Training and induction is carried out by the Committee of Trustees or by individual Trustee$ 8s appropriate. The aim of the Charity is to promote the welfare of people over 50 in any manner which is or may become charitable within the parishes of Bude & Stratton. Morwenstow, Kilkhampton, Launcells, Marham¢hur¢h, Pound$to¢k, Whilstone, St Gennys, Ja¢obstow, Week St Mary & North Tamerton. During the past year. all trustee positions are now filled and our team have been very active in improving how our charity functions. We have also focused on how we comply with 5egislation and regulation and updated procedures where necessary. In setting their objectives and planning their activities the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
A e Concem Bude and District Trustees Annual Re Forthe Year ended 31st March 2024 SHOP We have now completed a full year trading in our new shop, and the move to new premises has proved very successful. Our takings have almost tripled year-on-year (though the costs of the new premises mean our oulgoings have also almost doubled). However the new shop provides a much more dominant presence in the town and attracts a lot of interest among both the local population and also the visitors. To cope with the increase in trade and donations, we have estsblished Nvo separate teams to work front-of-house or in the stockroom_ We are pleased to have recruited some excellent new volunteers to work alongside our previous teams, though always appreciate more applications. OFFICE The office team has grown through this past year, with new volunteers relieving some of the pressure on the transport desk. We also have several new volunteers helping with the growing tasks involved in running our organisalion including checking of new volunteers lespecially drivers). constant updating of ¢lient informalioll under the auSpiS of the Data Prolectson Act. and monitoring of communications arriving via our website. TRANSPORT SERVICES Our activities in this area continue to expand. with increasing demands from hospitals offering appointments al weekends as well as during the week. and also requests from clients lo transport them lo GPS, dentists and opticians outside Bude itself. We currently have 30 active drivers. though increasing demand continues to result in periods when we cannot meet all the transport requests from our clients. Consequently we are still actively seeking new volunteers, both by advertising and by taking a display sland lo local events. We continue to use a qualified instructor to assess our drivers, most of whom are now undertaking their regular re-assessments. Our taxi shopping service is proving increasingly popular, with clients reporting total satisfaction with both the management of the scheme and also with the taxi driver herself. This year we were able to exparid the scheme to pick up clients from selected local villages as well as from Bude & Stratton. Currently we have reached the maximum number of clients we can carry on this service, and a waiting list has been established. Our scheme offering reduced-price day-trips lo local attractions, using the services of Ho15WOrthy Rural Transport, has also proved very successful. Currently they are running two trips weekly for our clients, and are expanding lo cover more of the area we cover.
A e Concern Bude and District Trustees Annual Re ort Forthe Year ended 31st March 2024 FINANCES Though we have not received this year any significant bequests or donations to supplement our shop takings. we still have sufficient funds lo finan our services. thanks lo generous bequests in previous years. These funds are curren15y invested, but the investments are being gradually reduced lo appropriate levels, by financing various schemes- including free hospital transport foi clients undertaking a series of frequent regular treatments. During this year, the shop takings were £79.064 an increase of more than £38.259 on the previous year. Shop expenses totalled £42.160 an increase of £10,611 on the previous year. Expenses has seen an increase in terms of driver costs from £29,865 10 £63,340 for this year which includes just over £25,000 in terms of taxi and minibus costs. The overall result from charitable activities for the year was a deficit of £24.590. The total cash funds at the year end amounted to £49,825. In addition, we have money invested valued al £225,432, The investments generated dividend income ofjust over £3.500. The value of the remaining investments increased by just over £13,000 mainly due lo an improvement of on the Elevate General Investment account which saw a decrease in valuation in 2023 of nearly £11,000. The charity has always held investments to provide income and security for future years, held in a fairly liquid form. The trustees believe that our reseNes should be sufficient lo cover normal charitable activity costs for a period of 1 to 2 years - based on the results for the past year. this would be in the region of £75,000 to £150,000. At the close of the financial year, we were holding reseNes of £275.257. Since we are in the fortunate position of having greater reserves than the trustees deem necessary, we are actively seeking out opportunities lo provide or finance services to benefit the older members of our community, hence the apparent discrepancy between income and expenditure, shown in the attached accounts. The Trustees have general powers to invest (after taking advice from a financial expertl any suiplus fvnds in any manner they see fil. The policy regardin9 the current investments remains the same.. that they should continue to be invested in ethical, diversified, income-generating funds or retsined on deposit al the bank. in order lo ensure the Charity can continue lo offer services lo the elderly in our dislriet in the ftJtLtre. As required by our constitution we use an independent investment manager lo manage these inveslmenls. CONCLUSION Our charity continues to grow. seeking out new opportunities lo promote the welfare of older citizens in our area. This would have been impossible lo achieve without the dedication and generosity of our volunteers, for which we are very grateful as we are lo our local community, who demonstrate their support both in terms of donations of goods and money. and also in purchasing items from our shop. Approved by the board of Trustees on ...... and signed on its behalf by". John WonnacotL viCeh81rm8n
A e Concern Bude anfl Distri¢t Recei Is and Pa ents Account for the Year Ended 31 March 2024 2024 Total funds 2023 Total funds Unrestrl¢ted funds Restrl¢t¢d funds RECEIPTS Shop Takings Donations and Legacies Govemment GTrnts Investment income Intere51 Recefved Oiher Incom8 79.064 4,714 79.064 4.714 40.805 46,083 3,575 618 673 88.644 3.575 618 673 88,644 3,875 142 86 90,991 Asset and Investment sales 26.926 Total reeelpts 88.644 88.644 117.917 PAYMENTS Shop and offi Expenses Dfiver Costs Independent examiners lees Donation5 Goveman¢e costs 45.245 63.340 840 1,250 1,989 112.664 45.245 63,340 840 1,250 1.989 112.664 38,787 29,865 780 5.203 74.635 Asset and Investment purchases 570 570 570 570 Total payments 113.234 113.234 74.635 NET {PAYMENTSIIRECEIPTS 124.5901 124,5901 43.282 RECONCILIATION OF FUNOS Cash funds brought forward 74.415 74,415 31,133 CASH FUNDS CARRIED FORWARD
e Concem Bude and Dlslrlct staternent of A55et5 for the Year Ended 31 March 2024 2G24 Total funds 2023 Total fund5 Unrestrlcted funds Restricted fund5 CASH FUNDS Shop F103t Cash al bank 746 49.079 49,825 746 49,079 49.825 74.365 74,415 INVESTMENT ASSETS IVALUATIONI Elevate General Inveslmenl A(Unt M&G Charifund BLK Charities UK 8ond Fund BLK Charities UK Equlty Fund 146.032 30,302 18.672 30.426 225.432 146,032 30,302 18.672 30,426 225,432 132,919 30.865 18,91S 29.579 212,278 95t Cost ASSETS RETAINED FOR THE CHARI$ OWN USE Sleamer Floor dean8r 410 160 S70 410 160 570 The financial slalernen15 were approved by Ihe Board of Tnjslees on Bnd were signed on ils behalf by. 2024 onnacoll- Vice-chairman R L88- Treasui
e Concern Bude and District Detailed recel ts and ents for the Year Ended 31 March 2024 2024 2023 INCOME Activitie5 for oenerating fvnds Shop takings 79,064 40,805 Voluntary income DonatlOll5 Legacies 4,714 3.649 42.434 Other receipts other Income 673 86 Investment Income Divid8nd5 received Interest re¢eived 3.575 618 3.875 142 A55et and Investment sales Receipts from the sale of investments 26,926 Total Incoming resourcè$ 88,644 117.917 EXPENDITURE Costs of generalin9 funds Shop expenses B8nk charges 42.160 843 43,003 31,549 242 31.791 Charitable activity costs Driver cosls Ta I minibus Donation5 made 37.690 25.650 1,250 64,590 28.957 908 29.865 Govern•fi¢e and other ¢ost5 Office expenses Independent 8xamine¢s fee Insurance Legal aftd prof8ssional lees Other support costs 2,242 840 fj99 6,996 725 2,702 7.776 12,979 1,290 5.071 Asset and investment purcha$e$ Pu¥¢hase ol equipmenl Loans m3de 570 570 rotal resources expended 113,234 74.635 Net IPAYMENTSIIRECEIPTS 24,590 43,282
Age Concern Bude and District Independent Examinerfs Report For the Year Ended 31tst March 2024 I report to the charity Iruslees on my examinalion of the accounts of the charity for the ye2r ended 3111 March 2024 which are set out on pages 6 and 7. Responsibilities and basis of report As the charity's Iruslees you are responsible for the preparation of the accounts in aceordanTr with the requirements of the Charities Act 2011 I'lhe Acl'l. I report in respect of my examination of the charity'5 accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my exatninalion. I confirm that no material matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect-. accounting records were not kept in respect of the charity as required by section 130 of the Acl-, or the accounts do not accord with those records. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. D.N.Cox Melherell Gard Ltd Chartered Accountants Burn View Bude Cornwall EX23 88X Date...