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 auSpi￿S 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 viCe￿h81rm8n

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...