Adventure (A COMPANY LIMITED BY GUARANTEE) Charity number: 1071862 Company number: 3546772 TRUSTEES, REPORT AND FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGusf 2021 "A8596NYI• 01/01022 COMPANIES HOUSE A18
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Adventure BF Adventure Annual Report 2020-21 Company NUrnL 3546772 Contents Heading Page Reference arKI odministrative infmtion Trusteeg retx)rt lThJependent examirrs repryt to the trustee5 . Ststement of finanoal ivIS 17 Balan sheet 19 ststement of cash flows 21 Notes to the finanoal ststements
Adventure BF Advenbjre Annual Rep)rt 2020-21 Company Number 3546772 Reference and Administrative Information Charity number 1071862 Company registration number 3546772 Business address Goodygrane Activity Centre Halvasso Longdowns PENRYN TRIO 9BX Registered offi Goodygrane Activity Centre Halvasso Longdowns PENRYN TRIO 9BX Trustees (on date report approved) R Padbury (Chair) D Osborne (Vice Chair) D Wingham J H Murrell H Beechey L Osborne H Maple5 Simon Tregoning Sarah Corbridge Heidi Glenister Jason Philips (ApInted 26th October 2021) Secretary Mr A RJ'd)ards Chief Executive Mr A Richards
lp) Adventure BF Adventure Annual Report 2020-21 Company NUrn 3546772 Independent examiners Francis aark LLP Lowin House Tregolls Road TRURO TRI 2NA Bankers Barclays Bank PLC 14 King Street TRURO TRI 2RB Solicitors Murrell Associates LLP 14 High Cross TRURO Tr12AJ
Adventure BF Adventu Annual Rewrt 2020-21 Company Number 3546772 Chairm Re Despite the ongoing challen9es and re*ictions created by the pandemic in this period the charty through the 5UPkKIrt of ts partners, suppfftr5, fijnders and dedicated team has performed wdl, reporting a strong finanoal Ferf0mnCe and crtbcally increasing the provision of our core services to vulnerable young pLyle to meet a growing need f¢y SUPPOrt due to the wider impacts of the parthmic We saw a 50 % increase in the number of young people accessing our cixe provision between the Easter and Summer tem)s. As a re5uI¢ we hw4e inueased the team Size considerablyi including employing a train instructor/youth wwker under the governmenys Kiikstart programme. Our Trading arm Wia Ferrata Cornwall CIC enjo considerable success and a busy summer period and has been able to generate significant unrestricted fvrKls to support the further delivery and development of charitsble sayi5. The dedication and commitment shown by the stsff and volunteer team throughout this challenging period is immense and enabled the ¢thrity to reach the end of this peritsj on both an improved finanaal position and with a significandy increased charity team supporting a higher number of disadvantaged and vulnerable young people than before pandemic It is clear that children and young people (and ther faMils) are facing real ChaIngeS as we continue to navigate the repercussions of the glcthl pandemic (and now cost of living crisis) and the impatt that r( has had - particularly on the mentsl wellbeing, empbyment opportunities and economic security concerns that young people experience. Nationally there is a huge rise in young people experienang mental ill health with an alarmiThJ increase in young people reporting feelings of suicide and hopelessness. I millh)n young people (8-19) have 5elf-rewrted mentsl health issues (NYA; Out of &ght; 2020). This pitture is reflected locally in Comwall and services must continue to work together to address this growing demand. Our work at BF is a small part of this collaborative work. We care passionately about ensuring that young pecf)le have the opportunities to achieve the best outcomes in life; we a fortunate that the combination of our outdwr setting, our caringi committed and professional team members and our drive to measure and cdebrate the difference we make contributes to the work of the wider sector in making a differen to lives in Cornwall. Robert Padbury- BF Adventure Chair of Trust.
Ip) Adventure BF Adventure Annual Report 2020-21 Company Number 3546772 iv Mission 'Inspiring, challenging and motivatsngpeople, especiallyyoung people, to develop theirlife skills to bring aboutpositive change Background: BF Adventure 15 a Cornwall-based charity dedicated to improving the quality of life and engagement in Sety for young people and adults through the medium of behavioural a motivational suppc¢ fLxussed youth worK measured outcomes arKI outdwr attNity. The charity was established in 1989 by a group of individuals who recogni*d the potential of using the outdoor environment to positsvety Influen the physical and mentsl wellbeing of children and young people. BFA works ststutory bodies, volunt3ry and private sector organisations concemed wf(h the well-being of young people, particularly those disadvantaged through sc(ial deprivation, physical and mentsl di5abilty. and behavioural and l or learning diffiCules. While thrs core charitsble work represents 75% of BFA'S throughput, the t1vty nt is also popular with school groups wothng with multiple local schools and academies and with youth groups such as the Guides & Scouts In July 2020 the chaiity launched its dedicated trading arm - Via Ferfata Comwall C.l.C. Offering a unique Wia Ferrats acbvity and a rarrfJe of other stte-based activfcies to families and individuals (both locals and visitors/tOUriSts), external groups, and businesses (for corporate team building attivitie5). The profits generated from this non-charity WO will be used to SUPPOrt the Charitable operations of BF Adventure. Activities offered by BFA indude basic problem solwng, canoeing, abseilingi dimbingi swimmirKJ, snorkelling, kayaking, archery, orienteeriw, bushcraft and suryrval skills, camping, expedition planniThJ, ip wire, raft building, nature trail and indeperKient living skills (budgeting, CkIng, planning, job search skills, IT, basic numeracy and literacy). Where possible and appropriate these activities are embedded into accredited programmes at pr E I GCSE level. While, as a priority, maximum use is made of the outdw dassrts)m, irKloor activity arKI problem-sofving Spa is utilised both during pJ)r weather and increasingly to address wider educational, key arKI other-s0 Skills, and dernents cl career gUTrdan.
Adventure BF Adventu Annual Rert 2020-21 Company Numtw 3546772 Charitable objects: "Toprnmote andadvance the education ofyoungpeople who thmugh ifiwrsoaal and economic circumstances are in need of thepmwsnw of training falitIeand recreationalartitles with a wew to impmving thr conditions of life so that they mayllevelop theirphysica4 nyentalandspiritualcapaabes andgrow to full maturityas indiwdual members ofsociet "To pmvide community facilities in the interests of1 ivemare forrecreation andleisure tifft occupation with tIR objertofimpmwng th•rconditsons of life.- When reviewing ¢)ur Aims and Objecbves, and in planning our future acbvities the Trustees have referred to the information contsined in the Charity Commissions general guidance on public benefit and that contained within the Charity Governance Code.
Adventure BF Adventure Annual Report 2020-21 Company NumiEr 3546772 ur Core Pro rammes We have continued to deliver and develop wr core charitable programmes this year. We are hugely grateful to all of our partners, supporters, funders and stakeholders for enabling us to continue to support young people throughout this challenging period Young person's feedback: 'Coming to BFAdventure feltawkwardatfirst but t11 Istsrted to ease into it. Before I came to 8Flgot angryrealfy e1 but my inthirtor taught me how to calm down and to control . my anger before itgoes too far. sin k¥aming to contml my anger I feel freerand say things easr, its not so awkward to things. I feel that BFgwe5 me relff things in my life that can make me stressed. My favourite things at 8F0 gdting in the water and doing jumps in the summer and t1 team games like bastetballand foothallin the bam in the fvwnter.- We have deVel¢d our Skills for feprOgramrnestO meetneeds Identif through our dients, referrers and partners; a5 a leaming organisab"oncommthd to ddivering thange, we are able to adapt our provision as demand changes. In recent years the focus of many of our additional programmeshas been on developing provision to improve mental health and well- being. During the 2020121 academic year we delivered over 20(KJ Skills for Life sessions across range of programmes. Through these sessions we worked with 804 individuals. Our Social Impact Report is produced yeady to reaKd in detail the differen that OLf provision makes. Headlines from this report are: Skills for Life - Learn Differently Our Leam Differently programme is dedicated to prnmding young people aged 5-16 with an alternative education provision. We create bespoke, co-produced programme5 built around individual needs whilst ub'li5ing our 60+ acre site. We use a host of attivities which provide challenges and experien5 that are key in buildirKJ self-esteem, critical thinking and improving social and personal skills. Learning differently helps young people build capacity to change and improve their outcomes. Our goal is to provide young people wth 5UPPQrt in developing resilience and effective coping strategies for dealing with the stress of life. In 2020-21 we worked with 477 individuals through 1595 sessions. Skills for Life - Access to Adventure Inclusivity is essential to our work at BF Adventure and we continue to develop the site to ensure that people with physical andlor leaming disabilities can participate in all asp of our provision. This year we have continued to provide our Access to Adventure group provision and I: I support and were able to draw funding from Clare Milne to 5UPFMIrt Family Activity Days throughout the summer holidays. During the summer worked with 30 families whose livesare impacted by disability and 6 young people through weeY sessions funded through their Direct Payments.
Adventure BF Adventure Annual Report 2020-21 Company Number 3546772 Skills for Life - Head Out The 8-week mental health and well-being w(M)rammes run on a half-temly basis and include I:1 outreach and tran&tion phases alongside group work on site. We have expanded the initial term time provision to include group work throughout the summer holiday5. During 2020121 we have delivered 9 Head Out programmes, funded through Children in Need, The National Lottery Awards for All, ]ronnngerS and the Worval Trust and SUPFQrted Sl young people to develop improved copir¥J Strategies to manage their mentsl Well-ing. Skills for Life - Head Out LGBTQ Funded through a private donor thi5 programme followsthe Head Out with a combination of workshops and outdoor activities. Each group plans their own themes for workshops and the groups have covered Confiden building, identity, sexuality and reducing isolation. During 2020121 we supp)rted 28 young people over 5 programme5. Skills for Life - Family Work At BF Adventtjre love to with whole familEs and supwxt thedevelopment of positive communication and relationships where there may havebeen a breakdown for some reason. During this year we have supported 13 families through our contract with Saferstronger Consortium to ddiver under the Vrtim Care Unit ContractarKI through Together for Families funded provision. Skills for Life - Break Out Break Out is a holiday artivty dub that was created for Summer 2021. We saw a demand for holiday provision for tho that may benefft from extra supwrt, or from working in smaller ratios, than other holiday clubs may provi(Je. Break Out is aimed at 7-12 year olds and provides a pla for young people to participate in adventurous activities, meet other people and have fun. During the summer supported 12 young people to attend 5 sessK)ns each. Skills for Life AdventurED AdventurED is a 10-week education kY(MJramme for young people aged 16- 19 who are at risk ofl or are NEEf. The programme is deSned for young pe(yle to work towards gaining a Level l Award in Skills for Living and Work awarded by Open College Network West Midlands, whilst participating in outdoor adventurou5 artiv[t. The programme is delivered for 2 days eath week at BF. The young people are enab to plan their own programme of activities and workshops that they want to partiapate in whilst ¥th u5. Since the prtrjramme started in March 2021 we have had 3 cohorts complete the prcrfjramrne - a total of 18 young people over the 5 months. One of these young people has siayed on at BF Adventure, engaging in our young mentoring prcJramme to expand his skills and experien for fUbj jobs.
Adventure BF Adventure Annual Report 2020-21 Company Number 3546772 Skills for Life - Elements Following the multiple Irxkdowns and a550oated y)aal restrTrckns, we were asked by education provsders to organise a besp)ke provis)n for small groups of 116 year olds. A four week, group-based provision of outdrK)r activity days and workshop5, the Elements programme aims to provide support appropriate and sympathetic to the needs recognised by the local Altemative Provision Academies for students retumin9 to fatr-tface education. We 5UPPOrted 16 young [pIe a(TOSS this programme. Barnardos - See Hear Respond We were pleased to be part of the See, Hear, Rwond national provision - funded through the Department for Education as a response to the impact of the pandemic on childrerb and young people's education and assooated mentsl well-being. We were able to support 23 y¢)urKJ people to aCsS provision at BF. Each young per9)n attended up to 4 sessions as part of a Reintegration into Education programme. A key trend, through this programme and our other provision, is the increased number of young people with raised anxiety levels, particularly around accessing their mairtheam education and with COnM5 around the safety of their families and themselves. We are continuing to find that this is usually where youThJ people have existing complications - mental ill health, behavural chalknges, Adverse Childhood ExperietKes - which mean that the impact of the pandemic and associated lockdowns has hit harder. ongside Core charitable pr(Jrammes, the tharity offers a wKde rarvje of sessions for a whole variety of groups and organisations. Due to our staffs skills and our inclusive equipment, we specialise in educational activty days for other charitsble organisations. We can provide activities to improve communication, confiden, life skills or just provide an unforgettable experience. Most of our attivities are fully accessible, making us a p)pular choi for groups with some additional reds. We provide residential camps and activity days for a large number of Cornish Sthool5. Some of our long-term wogramme partners Inde. NCS- delivery of the Nats"onal fjtizenship SeNice programme to Yll students, this includes, their engagement in local community projetts. Carefr* residential and ontr off acbvity programme5 to 5UPPOrt young people in care and leaving care. Impact of CovKI-19: We were able to open for schty)I gr(yJp activities dunng the summer term (post lockdown) working with 20 local schools and achieved of the volume of activity we Vuld have expected pre-parKkmic.
Adventure BF Adventure Annual Report 2020-21 Company Number 3546772 Ongoing restrirtion5 on xhool acce55 and face to face interattions resulted in the NCS 5cherne having to be significantly modified with reduced nUmrS and assoaated income for a second year. Volunteering During 2019-20 (PCoV1d) we reIVed support from 60 individuals, wtth around 6 acknvely involved in delivery and maintenance in any given week. Most individua15 SUPWrt for one day per week and volunteer working parties supp)rt one off fundraigng and rna1ntenan events. Due to the restrictions imposed by the pandem and need to redu fa to face interattiors we were unable to suprh)rt a large number of Volunteers within this wiod. We are usually a wpular Choi for WO experi placeffthts with local school students. This year unfortunately we were unable to suptM)rt our usual 15 students with their early steps into the world of work. Apprenticeships We were unable to start our apprenticeship intake due to the impact of the pandemic with stsrt date5 push&J forward to Autumn 2021. Site & Strat ic Develo ments Whilst the finanoal impact of the parM*mic limited capital invesbnent in the site were able to complete following work5 through 2020 and 2021: Develownent of additional VFC ReP"On area and improvement to camp site provision Ongoing development of site faculties induding nature trails All of our reCt developments are an e55ential part of delivering tjur future vigon. Our Aims: By 2025 BFA will have the following charatteristics: l. To ensure that the safety and wellbeing of all thildren and young people we support is our top priority, with safeguarding being ernbedded within the culture at BF Adventure and with extemal stskeholders we parther with in the delivery of our services. 2. Making a positive difference to all whom access our services 3. A leading provider of inclusive and accessible serveS to disadvantsged and disengaged individuals of all ages and abilities 4. A highly skilled & motivated team
Adventure BF Adventure Annual Report 2020-21 Company Number 3546772 5. A sustainable operation delivering lasting thange and making a positive environmental impact 6. Operating across the southwest from its home base at G(xxlygrane offering market leading activities, accommodatK)n, training facilities and appropriate sUPPOrt infrastructure 7. Strong relationships and presence across the voluntary sector 8. A recognised and leading provider of individual, family and group outdoor activities (Now operating as Via Ferrats Cornwall ac) Plans for 2021-22 To consolidate the grovrth achieved in the Core Chanty team seeking to continue to develop service5 arKI the impact uwn those support&J. To generate additial unre5trirted income by looknng to promote and maximise the Via Ferrata commeraal offering and to develcp additional attivty offerings and facilitie5 to increase footfall. Business Planning, consultstion arKI devdopment will be undertaken throughout the pertod to review the existing organisational and operational strengths, weaknesses, to consider future threats and opportunities and to develop a 5-year Wisionlmission, Strategic aims and assoaated bUnesS plan to tske the charity forwards. Key fc(us will be upon the scoping of expansion OpptUnItieS to devdop serrf1 to a growing need for provision. Financial Review Current Free Unrestricted assets as at 3151 August 2021 are £117k (last year £36k) This represents a ratio of 2.3 months of our average monthly eXPdItUre and our re*rves policy sets out to increase this levd across the next few years This year we recorded an unrestricted surplus of £63k after charging £17k deweciation. £6k was invested from our reserves into unrestritted fixed assets Restricted reseNes show a defiot of £40k after thargirwj £35k depreciation. £8k was invested in new restricted assets. Of our £250k restritted reserves, £197k will be drawn down in depreaabon of assets over the next few years, £8k is cash held pending completion of funded capital projects and £45k is cash hdd pending completion of funded revenue projects. 2020-21 Review The year to 31 August 2021 was very succe55fv1. despite an enormous number of challenges. Our Core services were able to successfully operate through the pandemic and provided essential support throughout. We saw a return of group delivery to schools and charity organisations and managed a very successfijl season in spite of the regularly changing restrirtions. We were SUPFM)rted by a number of grants to en9Jre our servi. io
Adventure BF Adventure Annual Rep)rt 2020-21 Company Number 3546772 2021-22 Expertations 2021-22 should see a very busy year for both Core services and group delrvery. Current projettions suggest an unrestricted surplus of arou1 £30k before depreciation. We will continue to invest in our site facilities and have invested in our team as we look to become a real living wage empbyw. Investment powersi policy and performance: The Trustees. investment wlicy is govemed by tIE Trustee Investment Art 2000. Current investments are spread bets¥ COIF Charities Investmert Fund and COIF Chariknes Fixed Interest Fund. Surplus funds are deposited with Bardays Bank, Santander Plc. and Bank of Scodand to achieve maximum spread of risk. Our investments were rewewed in 2013-14, we chose not to commit any further funds to lorvj term investments and to ensure reserves rernain available to SUPFMNt site infrastructure improvements where essential. Our aim across the next 3-5 years is to increase the levd of cash investsnents hdd On reseNes have recovered to a safe level. Our investment objectives were to safely invest, with an expectation of a Small additional inc(Kne for the organization. This objective has met. A Going Concern? With a successful 2020-21 and a [X)ve k)okir¥J position in 2021-22 trustees are glad to see the resilience of the organisation impn)ving. The pjsttion of the charity as a going conrn has been considered arKJ the trustees believe that the current delivay model provides positive platform for the future. Reserves Policy Our unrestrirted reserves have increased and are now £117l this has significantly improved our financial resilience. We will work to increase our unrestricted reserves to 3 months of unrestritted annual expenditure (vthich this year would be £151k), though recognise the need for some ongoing investment in the site and team. Reserves above this level will be considered for addib'onal investment in the site, with a focus on renewable energy supplyi arKI investment in the team whilst we work to become a Real LiviThJ Wage eM0yer. li
Adventure BF Adventure Annual Report 2020-21 Company NuMtr 3546772 an Mana ement Structure G rn Governancei governing documents and constitution: The organisation is a charitable company limited by guarantee, incorporated on 16 April 1998 and registered as a charty on 7 OctoL*r 1998. (The Bishops Forum was initially inaugurated on l February 1988 and constituted as tharitable trust on 22rt1 September 1989.) The company was established under a MenN)rarKJum of Ass(Kiation that established the objeLts and powers of the charitable company aTrJ is governed under its Articles of Association. The original Memorandum of Associats"on was amended with the addition of a second charitsble object on 14 May 2007. The Company was renarned BF Adventu on 16 October 2008. The charitable objects were then wdened on 17 August 2017. The registered Offi is Gcthygrane Activity Centre. Halvasso. Longdowns, Penryni Cornwall, TRIO 9BX. Recruitment and appointment of Trustees: Under the thcles of Association, the Trustees are appointed by ordinary resoluti{ or by the Trustees. Only a person recommended by the Trustees or a person nominated by a member giving 14 to 35 days, rnte may tE appointed as a Trustee. A three-year staggered retiremenvrotation period (with no maximum number of terms Served) was introduced frc 20th March 2013. Trustee induction and training: All trust&s a for the thlls and experien they can offer. They are formally indutted into the organization by the CEO and mana9ement team. There are cppjrtunities for trustees to support on session, or Supp site development as well as spending time with the team. We reco9nize the need for ongoing trustee training and support and the governan committee has introduced a training programme to enhance trustee knowledge around governan and safeguarding. 12
Adventure BF Adventure Annual Report 202fr21 Company Number 3546772 Oryanisational structure: The day to day nJnnirKJ of the charity is Overse by the CEO SUFP)rted by an experienced Senior Management Team conssbrKJ of; Charity Business Manager, Acbwty Centre Markiger and Finance SupporL There is stgnificant WarIan in stsffing levels aligned wth the seasonalty of demand for Servi$. last summer there were 23 stsff employed on a full-ts.me bas, there are 18 support and instructional stsff with part-time contracts, some only work duriro the summer period. Pay policy for senior staff: The Organizati has implemerbted a Stsffing MatriK whith defines the level of respon&bility and salary banding for each role across the organizabon. The matrix pay leveLs wll k reviewed annualty by o new Remuneration committee led by the trust. Pay for senicf staff is incorpxated wtthin this and no separate p)licy is in Fla. Risk management: The BF Adventure Risk Register is rewewed regulaty by iKth the Senitx Management Team and the Board. Whilst this wic#J has seen a marked improvement in our finan(ial $111enCe thi5 remains the main area of ri, and we will continue to build resilience over xt few years. The trustees also recognise the level of risk assooated both safeguarding anil heath and safety due to the nabjre of our ddivery acbvits. These risks are regularly ffmitored rewewed to ensure we always follow best wartice. Safeguarding particulady of the Children and young people whom we sVPPOrt is of primary importance and is the key driver throughout all of wr fLrture planning and deciyon makiryJ. 13
Adventure BF Adventure Annual Rert 2020-21 Company Number 3546772 Statement of Trustees, responsibilities The Trustees (who are also directors of BF P1Ventu for pry of ccrfnpany law) are reswn5ible for weparing the TnJstee5' Annual Repcrt and the finanaal statements in accordance with applTrble law and United Kingdom Generally Accepted AccountiThJ Prartice. Company law requi the Trustees to prepare finanaal ststements for eath financial year which give a true and fair view of the 5tste of affairs of the charitsble company and of the incoming resrS and appliGition of resources, irKluding the income and expenditure, of the charitsble company for that perirAJ. In prepwry thff finaal statements, the trustees we required to: Selert suitsble accc4Jnting Fdicies then them conslstenty; Observe the methcmjs and prrKiples in the Charit5 S)RP' Make Jrneftts and estimates that are reasonable and pnklent: stste whether applicable UK Accounting Stsndards have ten followed, subject to any material departLtres disdosed and expkined in the finanaal statements,. and Prepare the finanoal 5tatemerts the going CoeM bass unless it is inappropriate to presume that charitable company will continue in operab"on. The Trustees are respon9ble for keeping proFer accounting records which disclose with reasonable accuracy at any time the finanoal positr.on of the charitable company aThJ to enable thun to ensure that the finanoal statements comply with the C(xnpanie5 Act 2006. They are also resForsible for safeguarding the assets of the Charitse company and hence for tskn'ng rea9)nable steps for the prevention and detection of fraud and other irregularibes. The Trustees are respX)r1e fv the maintenance and integnty of the ctypxate and finanoal informab.on included on the charivs webste. LegislatKn in the United "ngdoM govemirKJ pParatIOn arKI disseminabon of finarKial statements may differ legislab.on in other jurisdicbons. Small company provisions This rep)rt ha5 been preparèj in accordance with the special woviscffis for gnall companies under Part 15 of the C(xnpans Act 2(W)6. On behalf of the board Bob Padbury Director Date: 3010512022 14
Adventure BF Adventure Annual Report 2020-21 Company Number 3546772 Independent examinerfs report to the tTUStees of BF Adventure Cthe companw) I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 August 2021. Responslbilities and basis of report As the charivs trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Art 2006 Cthe 2(K)6 ACY). Having satisfied myself that the accounts of the Qjmpany are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 Cthe 2011 Art). In carrying out my examination I have followed the txrections given by the Charity Commission under settion 145(5) (b) of the 2011 Act. 15
Adventure BF AdVtUre Annual Report 2020-21 Company Number 3546772 Independert examinerf$ statement sin the Company's gross ifTrme exceeded £250,(M)O your examiner must be a member of a body listed in section 145 of the 2011 Att. I confirm that I am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wale5, whith is one of the listed IKrflie I have completed my examination. I confim that no matters have come to my attention in connection with the examination gilllng me cause to believe: l. Accounting records were not kept in respect of the Company as required by serti¢)n 386 of the 2006 Act; or 2. The accounts do not accord with those record5; 3. The accounts do not ccnply with the accountirwJ requirements of sKtion 396 of the 2006 Act other than any requirement that the acccojnts give a Irue and fair vi which is not a matter considered as part of an indeFendent examination; or 4. The accounts have not been prepared in accordan with the methods aThJ principles of the Ststement of Rec(Knmended practi for aCCnting and reporting by charities [applicable to charities preparing th'r accounts in accordance with the Financial Reporting Standard applicable in the UK Republic of Ireknd (FRS 102)]. I have no concems and have ccrfne across no other matters in COnnOn with the examination to which attention should be drawn in this rep)rt in order to enable a proper understanding of the accounts to be reached. Name: Scott Bentley Institute of Chartered Accountants in ErvJlar¥J and Wales Francis Clark LLP Lowin House Tregolls Road Truro Cornwall TRI 2NA Date: 30 May 2022 16
.Adventure BF AdvLtUre Annual Report 2020-21 Company Number 3546772 ststement of Financi Unrestricted Restricted Totsl Funds Prior Period Funds Funds 2021 Funds 2020 Income and Endowments from D(ationS & Legacies Chartsble Activities Other trading artivities Income from investments 46,014 583,229 21,764 46,014 733,585 21,764 156,050 497,869 34,798 973 150,356 Total 661,949 150,356 812,305 689,690 Resources Expended Expenditure on: Raising fvnds Charitsble Activitses 38,474 565 698 2,310 188 430 40,784 36,696 718 Trtal 604,172 190,740 794,912 684,050 Net gainsl{losses) on inveStmts Net incomel(expendIre) before transfers 62,609 {40,384) 22,225 7,268 Transfers between funds Total furKls brought forward 171722 455 204 Total funds Carri forward 250,366 462 472 17
Adventure BF AdVtUre Annual Rert 2021>21 Company Number 3546772 Statement of Financial Activi to 31st Awust 2020 Unrestricted Restrict&J Trtal Funds Funds Funds 2020 lrtome and End0wmts from Donations & Legaaes Charitable Activ"e5 156,050 381,784 34,798 973 156,050 497,869 34,798 973 116,085 Other trading artivitie5 Inc(e from investments Totsl 573,605 116,085 689,690 Resources Expended Expenditure on: Raising funds Charitsble Activities 35,421 1,275 104 821 36,696 718 Total 577,954 106,096 684,050 Net gains1(losses) on investn*nls Net incomel{expenditure) before transfers (2,721) 9,989 7,268 Transfers between fund5 Totsl funds brtwht forward 455 204 Total funds carried fonvard 171,722 290 750 18
Adventure BF Adventure Annual Report 2020-21 Company Number 3546772 Balan Shee Note Totsl Funds 2021 Prior Period Funds 2020 Fixed Assets: Tangible Assets 15 321550 359 856 Total Fixed Assets 321,550 359,856 Current Assets: Debtors Investments Loan to Via Ferrata Cornwall CIC Cash at bank & in hand 18 16 17 92,301 47,701 176,620 90,119 42,869 121,183 101231 Total current assets 423,065 355,402 Liabilities: Creditors: affthnts falling 19 due within 12 months Cash at bank & in hand Creditors.. amounts falling 20121 due after 12 months (69,918) (52,786) (19),000) (200,000) Total liabilities Net current assets 259 918 163 147 252 786 102 616 Total net assets 484,697 462,472 The funds of the charity Restricted income funds Unrestrirted funds 24 23 250,366 234 331 290,750 171722 Total charity funds 484,697 462,472 19
Adventure BF Adventure Annual Rewrt 2020-21 Company Number 3546772 The financial statements have bw prepared in accordance wtth Accounting and Reportin9 by Charities.. Statement of Recommended Prattl appli0e to d)arities preparing their actnts in accordance with the nancIal Repotting Standard apICable in the UK and Republic of Ireland (FRS 102) {effethve l January 2019) - (Charities SORP (FRS 102)). the Financial RewrbNJ Standard applicable in the UK arnl Republic of Irela (FRS 102) the Companies Act 2006. For the year ending 31 August 2021 the (Parry was enlitled to exempticffl frryn alit under section 477 of the Companies Art 2006 rekting to small companies. The members have not reqll the company to rA)tain an aLKlit of its accounts for the year in question in accordance wth section 476. The directors acknowledge r respo'1itIes for comptying with the requIents of the Act with p*rt to accounting records and the preparation of accounts. These accounts have been wepared in acc(wdarKe the yovi5ions aOi(atle to cparIeS subject to the small companies. regime. The financial statements were opproved iry the board on". And signed on its behalf by Bob Padry Director 3010512022 20
Adventure BF Adventure Annual Report 2021>21 Company Number 3546772 Sta me t of C shflow Note Totsl Funds 2021 Prtor Period Funds 2020 Cash flows from operating activities: Net cash provided by (used In) operating artivities 25 8,503 (61,749) Cash flows from investing artivities Dividends, interest and rIts from investments Proceeds from sale of property• plant afKI equipment Purchase of propety, plant and a]uipment 15,774 2,601 (14,233) (29,012) Net cash provided by (used In) investing activities 10,044 (88,160) Cash flows from financlng activities: Cash inflows from new borrowirmj 200,000 Net cash provided by (used in) financing activities 200,000 Change in cash and cash equivalents in the reporting period: 10,044 111,840 Cash and osh equivalents at the beginning of the reporting period 26 144,1 32,260 Cash and cash equivalents at the end of 26 the reporting period 154,144 144,100 21
Adventure BF Adventure Annual Rert 2020-21 Company Number 3546r12 Notes to the Financial Ststements l. Accounting policies Summary of significant accountlng pollcles and key accounting estimths The prinapal COunting polKies aPpld in the preparation of these financk?I statements are set out below. The FdKies have been ConstentIY applied to all the year5 presented, unless otherwise Stated. statement of complian The financial statements have been prepared in acCOrdae with Accounbrvj and Repti by Charities: Ststement of Recommended Prath"ce applicable to tharits preparing their accounts in accordance with the Rnancial Reporting Stsndard applIcate in the UK and Republic of IrelaTrJ (FRS 102) {effecbve l January 2019) - {Charitses SORP (FRS 102)), the Financhal RekKrting Stsndard appltsble in the UK and RepublK of Ireland (FRS 102) arKI Companies Att 2006. Basis of preparatlon BF Adventure meets the definition of a public be enbty undw FRS 102. Assets and liabilities are initially recconised at historical cost or transartion value unle55 otherwise ststed in the relevant ac¢ounb'ng polKy notes. Under the Companies Act parent (harity is not required to prepare consolKlated financial statements for the finanoal year as the group Thets requirements of a small group. The charitsble group is also below the threshold for prepariro consolidated financial statements under the Charities ACL Going COnM The finanoal statements have Ixen prepared on a going ci)ncem ba%s. The trustees asse55 whether the use of going concem is appropriate i.e. whether there are any mrial uncertainties relateé to events or coThJitions that may cast significant doubt on abilty of the Charity to continue as a going concern. The trustees make this assessment in respect of a peiHxI of one year from the date of approval of the financial statements. The trustees recTrJnize the impart of Covid-19 LN) the cKganization. Whilst it has presented some significant thallenges we are continuing to deliver essential SUPF#( services and have utilized government supFort to retsin staff where assoaated income levels have significantly dropped. As restrictions begin to be lifted rt is hoped group ddivery Inc levels will begin to grow again and we wll be in a to retum stsff to they roles. Income and endowments All incoming re9)urces a inclLKled in the staten of finanoal activitjes when it is probable the 22
Adventure BF Adventure Annual Report 2020-21 Company Number 3546772 tharity will k entitled to the income and the amount can be quantified with rea50rkible aUrd¢V. Income from InstnKtion Fees Income frcKn in5tructw fees is recc•3ni5ed in the perityj of delivery. Donations and lega(xs nations are rec(MJnised when the Charity has been nOtid in writing of i)th the amount and settlement dète. In the event that a donation 15 subject to conditions that require a level of perfomance by the Chartty before the Charity is eniitled to the fijnds. the income is deferred and rt recognised until either those conditions are fulty met, or the fulfilment of those cOrlt10n5 is wholty within the contrd of the Charity arKI rt is prc4)able that these conditions wll be ftjifilled in the reporting period. Grants receivable Grants are recognised when the chaiity has an enti[rnent to the funds and any conditiors linked to the grants have been met. Wttere perfomiance conditiors are attsched to the grant and are yet to be m, the income is recognised as a liability and indude(I the balan sheet as deferred income to be releaJ. Expenditure ExFffiditure is OgnISed on an accrual bags as a liability is imirred. ExFendthre i5 any VAT which cannot be fvlly recovered and is repxted as part of expenditure to which r( relates. Raising fund$ These a costs incurred in attracting voluntsry inc. the man•Jement of westments and those . incurr&J in trading activiknes that raise funds. Charltable activities Charitable expenditure comprises those costs incurred by the Charty in delivery of its artivitie5 and Se15 for its benefiaarie5. It indude5 b)th costs that can be allctated dIrUY to such activities and those costs of an indirett nature necessary to SUPFQrt them. Cost all¢xatlon Direct exFenditure has b*n alkKated wtrwe kwble. Remaining costs have been allcKated as follows: 2021 2020 Skills for fe 25% Skjlls for tife 25% Group Educational Aciiwtie5 Fundraisi 30% rP Educational Activibes 30% FundraisThJ
Adventure BF Adventure Annual Report 2020-21 Company Number 3546772 25% NCS 25% Group Commercial Adivib'es Support Costs io% GnMJp CommpJaal ActiVe5 10% Tangible red assets IndNidual fixed assets costirvj E500 m)re are initialty recorded at cost less any 9Jbwuent accumulated deprkn"on and subsequent acojmulated impairment105se5. Depreciation and amortisation Depreciation is provided on tsngible fixed assets so as to write off the cost or valuatffi, less any estimated residual value. over their exrected useful Lronomic life as follows: Asset dass Deprets"akn"on methe4J arbj rate 5 - 30 years Strawht Line 2 - 10 years Straight Line 5 year5 Straight ne 2 - 4 years straight ne Land ant1 biAldingS Plant and mathinery Motor vehicles Computer sOftwe Investments Investments held as fixed assets are revalued at mKI-market value at the balarKe sheet date and the gain or loss tsken to the statement of financial aCtIes. Leasing Rentsls payable under orerating leases are charged against Incoff a Strat line basis over the lease term. Fund stftUre Unrestricted income funds are generol fLWKIs that are availabk for u* at the trustee's discretion in rtherar of the objectives of the Charity. Restricted income funds are tSse donated use in a particukr wea or for specific purFQ5es. tt use of which is restricted to that area or purpose. 24
.Adventure BF knture Annual Retx)rt 2020-21 Company Number 3546772 2. Income from Donations & Legacies Unrestricted Restricted 2021 Total 2020 Total Donations Cornwall Council COVID -19 SUp[t COVID-19 C]RS 16,350 26,143 16,350 26,143 23,452 74,000 Total 46,014 46,014 156,050 3. Other trading artivities Unrestricted Restricted 2021 Totsl 2020 Total Fundraising Events Commercial Group Delivery Income from Via Ferrats Comwall CIC 10,004 15,794 2.237 2,237 Total 21,764 21,764 34,798 4. Investment Income Unrestrirted Restrirted 2021 Total 2020 Totsl Incoffle from UK Listed investrnents Bank interest received Interest received from Via Ferrats CIC 968 74 9,900 949 24 74 9,900 Totsl 10,942 10,942 973 5. Income from Charitable Activities 25
Adventure BF Adventure Annual Report 2020-21 Company Number 3546772 Unrestsicted Restricted 2021 Totsl 2020 Total Skills for Life (inc Head Out and Access to Adventure) Skills for Work NCS Direct Delivery Educational Group.Attivities Grant Funded Development Total 336,919 131,993 468,912 354,677 160 119,825 126,325 160 119,825 126,325 (2,467) 122,610 15,065 583,229 150,356 733.585 497,869 6. Cost of Raising Funds Unrestricted Restricted 2021 Totsl 2020 Total Costs of Borrowirrfj Costs of Fundraising Events Group Commercial Delivery 7,775 10,379 7,775 11,149 1,062 15,614 Total 38,474 2,310 40,784 36,696 7. Cost of Charitable Activities Unrestritted Restritted 2021 Total 2020 Total Skills for Life NCS Dirett Delivery Educational Group Activities Depreciation of Charitable Resources Supwrt Costs 254,290 130,873 155,961 141,482 3,850 4,620 37,071 1,407 395,772 134,723 160,581 37,071 331,603 112,057 127,401 44,970 Total 565,698 188,430 754,128 647,354 Ovethead costs have been apportioned across delivery areas as follows: Skills for Lrfe 25%, Group Educational Artivities 30%, Fundraising 50/0, NCS Direct Delivery 250/0, Group Commercial Delivery IO%, Support costs 3%, Governan 2%. 26
AdventL]re BF Adventure Annual Report 2020-21 Company Number 3546772 8. Analysis of Support and Governance Costs Unrestricted Restricted 2021 Total 2020 Totsl Independent examination Management Accounbng Supwrt Stsff Costs Repairs & MaintenarKe Legal & Professional Fees Depreciation & Impairm*t Other overhead costs 3,383 11,509 (5,222) 195 35 895 3,383 11,509 (5,222) 195 35 1,532 2,500 13,301 (3,336) 3,153 997 637 770 Total 24,574 1,407 25,981 31,323 9. Net outgoing resources for the period Net outgoing resour is stated after tharging 2021 Total 2020 Total Depreciation and other amounts off tsngible fixed assets Independent examiners remunerab.on And after crediting Net profft of disposal of tsngIe red assets 52,539 3,383 64,878 2,500 10. Independent Examiners Remuneration 2021 Total 2020 Total Independent examinati¢)n of the Financial Statements 3,383 2,500 27
Adventure BF Adventure Annual Report 2020-21 pany Number 3546772 11. Employees Employment costs 2021 Total 2020 Totsl Wages and salaries Social Security costs Employers contribution to defined contribution pension scheme 517,966 30,695 462,369 27,166 556,196 496,286 Employment Costs are allocated dIrY to the relevant department or aprK)rtioned via overheads. Where a salary is directly funded through grant funds the employment C05t is allocated to restritted funds. No employee received emoluments of more than £60,IM (2020: 0). Number of employees The average monthty number of employees durirwj the peri¢xJ, calculated on the basis of head count, was as follows: 2021 Total 2020 Totsl Chief Executive Offi Administration lnstrLtOrS 15 15 Key Management Personnel The organisations Senior Management Team meets fortnightly through the year. Members feed into both board and Committ meetings. Tr team consists of: Adrian Richards, CEO Tony Baker, Centre Manager El Warren, Charity Business Manager The total remuneration paid to key management personnd during the year amounted to £96,882 (2020, £90,686). 12. Trustee Expenses No trustee expenses have be incurrejj. 28
Adventure BF Adventure Annual Report 2020-21 Company Number 3546772 13. Related Parties Legal setvices to the value of £nil (2020: £104) were provide(I by Murrell Associates of which Hugh Murrell 15 a partner. Chamber membership and networking expenses of £nil (2020: £240) wwe paid to Comwall Chamber Comrnence of whith K COhle is a dire£tor of. Donations totalling £96 (2020: £96) have be r&eived from the trustees. With support for fundraising events from trustees totalling £nil {2020: £1,991). 14. Taxation The charty's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. AccdirMj1Yl there is no taxation charge in these accounts. 15. Tangible Fixed Assets Freehold Land & Buildings Plant & Motor Machinery Vehicles Total Cost At I September 2020 Additions Disposals Transfers At 31 August 2021 725,105 217,225 6,823 68,187 1,010,5L7 750 14,233 731765 68 937 1024 750 Depreciation At I September 2020 Provided in Year On Disposals At 31 August 2021 407,341 40,116 179,696 63,624 4,579 650,661 52,539 703 200 Net book value at 31 ALMJUSt 2021 284,308 36,508 734 321,550 Net book value at 31 September 2020 317,764 37,529 4,563 359,856 29
Adventure BF Adventure Annual Report 2020-21 Company Number 3546772 The trustees believe that the market value of the freehold property may be SKJnificantly higher than the Carrng value. They do not hOWer fed able to suggest a reliable estimate of the market value at this time. 16. Investments Listed Investments Total Valuation At I September 2020 Sale of Units Revaluations At 31 August 2021 42,869 42,869 Listed Investments Total Valuation At I September 2019 Sale of Units Revaluations At 31 August 2020 41,241 41,241 42,869 17. Loan to Via Ferrata Cornwall CIC 2021 2020 Loan Value Total 176 620 176 620 121 183 121 183 Loan fund established to sub&diary ccffipany Wia FerTats Cornwall CIC, c(Knpany number 12471065 (VFQ. The loan fund has estsblished a Wia Ferrata Course on the BF Adventure site. VFC will trade Comm0allY as an adventu acbvity and all commercial undertakings of BF Adventure will transfer to the Subsidiary in 2021. It is expetted that VFC will generate a surplus which will be donated back to BF Adventure. 30
Adventure 8F Adventure Annual Report 2020-21 Company Number 3546772 18. Debtors 2021 2020 Trade Debtors Other Debtors Prepayments & Accrued Income Totsl 85,042 1,836 74,253 3,518 19. Creditors: amounts falling due within one year 2021 2020 Trade Creditors Other taxes and social UrIty Other Creditors A(crLd Expenses Deferred income Barclays Boun Back Loan 10,318 7,319 3,196 11,000 28,085 19,165 5,717 1,206 2,750 23,948 52,786 20. Creditors: amounts falling due between two and five years 2021 2020 Resonan SR Loan Barclays Bounce Back Loan 150,000 40,000 123,254 163 254 20. Creditors: amounts falling due after five years 2021 2020 Resonance SITR Loan Barclays Bounce Back Loan 26,746 31
Adventure BF Adventure Annual Rewrt 2020-21 npany Number 3546772 21. Accruals and Deferred Income 2021 2020 Deferred Income At I September 2020 Increasel(decrease) in period 23,948 8,317 Released in period At 31 August 2021 Deferred incorne relates to advance payments to secure future bcokings. They a non-refundable, but relate to delivery in future periods. 22. Analysis of net assets between funds Unrestricted Re5trirted FurKIs Funds Total Funds Fund balances as at 31 August 2021 as represented by: Tangible Fixed Assets Current Assets Current Liabilities and provisions Total 116,973 377,276 259 918 204,577 45,789 321,550 423,065 259 918 234 331 250 366 Unrestrirted Restricted Funds Funds Total Funds Fund balan as at 31 August 2020 as represented by: Tangible Fixed Assets Current Assets Current Liabilities and provisbjns Total 135,630 288,878 252 786 224,226 66,524 359,856 355,402 171 722 462 472 32
.Adventure BF Adventure Annual Report 2020-21 Company Nurnber 3546772 23. Unrestricted Funds Ati Incoming Outgng Transfers Gains & At 31 September Resources RurCeS Losses August ' 2020 2021 General Fund 171,722 661,949 (604,172) 4,832 234,331 Atl Incoming Outgoing Transfers Gains & At 31 Septernr Resources Resources Losses August 2019 2020 General Fund 174,H3 573,605 (577,954) 1,628 171,722 33
Adventure BF Adventure Annual Repjrt 2020-21 Company Number 3546772 Ati Incoming OutgoiThJ Transfers At 31 September Reyr Resour August 2020 2021 24. Restrirted Funds 16+ education - revenue fund Albert van den Bergh- revenue fu1 for Head Out rovi5ion Albert van den Ber ital fund * Awards for All - Revenue fund BF Adventure Barn Projett- depreciation reserve for Adventure Barn CC Accessility Grant- depreoation reserve for provision of accessible toilet facilities CC Room Refit- capitsl grant for senso room rOVion CCC Airning High- Changing PlaS- depreciation reserve for Access11e Chan Suite Clothworkers- depreciation reserve for tablets: Covid-19 su Claire Milnes- Revenue fund Cornwall Community Foundation- revenue fund for provigon of mentsl health activities Cornwall Community Foundation YS- revenue fund for provision of youth services Cornwall Community Foundation I Will- revenue fiJnd for I Will rovision Ironmon ers- revenue fijnd Centrica- depreciation reseNe for ene monitori ui ment BBC Children in Need- SLbmmer Fund Department for Transport- Depreciation reserve for community minibus DPD- depreciation reserve for beekee in ui ment* Dud)y Health - revenue fur)d for Covid-19 EDF Green Fund- depreciation reserve for 3 phase electrical rade. 680 105 2,530 2,000 4,425 115.025 6,420 108,605 5,026 1,827 3,199 1,485 180 1,305 11,256 I,IV17 10,209 1,918 397 1,521 660 6,094 6,094 2,438 2,438 722 240 482 4,564 4,564 220 1,779 144 (144) 12,246 3,498 8,748
Adventure BF Adventu Annual Report 2020-21 Company NumLEr 3546772 Edward Gostlin- revenue fvnd for 7,160 Head Out delive Garfield Weston- revenue fvnd for organisational core costs to deliver Skills for Life Green Hall Foundation- depreaation reserye for dimbin ui ment¥ Hedley Foundation- depreciation reserve for site devel ent Inner Wheel- depreciation reserve for ka ak fleet and SUPS Lloyd5 TSB Capitsl- depreciation reserve for site devd ent Big Lottery- revenue fund for Chatty Cafe Covid-19 5 onse Tanner Trust- capital reserve for Office Renovation TEVI Fund University of Exeter - reciation reseNe Santander Adventure Quarry- depreciation reserve for Adventure uar rovements" Site Development Fund- depreciation reserves for Activity Quarry installation Skipton Yurt Fund- depreaation reserve for Yurt nurture s Rank - revenue fund The Tanner Trust- depration resetve for site rehOle Together for Families- revenue fijnd for rovision of activities TOTEM- revenue fiJnd for proMsFon of LGBT + activities Wooden Spoon-revenue fund for individual su ort Wooden Spoon- depreaation reserve for Adventure Barn cliM"n wall* woal Foundation- revenue fund for rovision of Individual activities Other small funds. 7,160 20.fXK) 16,800 3,200 2,719 300 2,419 157 1,531 5,754 614 5,140 5,075 472 4,603 2,834 2,834 5,875 3) 5,575 3,363 2,004 1,359 458 392 66 30,507 12,394 18,113 430 2,306 2,505 10,000 388 12,117 11,981 11,981 42,629 19,200 26,897 5,755 5,755 14,250 1.800 12,450 1,500 8,459 4,240 5,719 113 290,750 63 190,740 50 250,366 150,356 * E204.577 of the balano at 31 August 2021 s a deFffttiatim reserve for grnnt funded fixed assets. 35
Adventure BF Adventure Annual Rewrt 2020-21 Company Number 3546772 Restricted Funds prior Atl Incoming Out90ing Transfers At 31 period September Resouros Resour August 2019 2020 Albert van den Bergh- revenue fund for Head Out rovision Bally Thomas- revenue fund for Head Out rovision BF Adventure Bam Project- depreciation reserve for AdventtFre Barn CC Accessibility Grant- depreciation reserve for provision of accessible toilet facilities CC Room Refit- capital grant for senso rM rovision CCC Aiming High- Changin9 Places- depreciation reseThe for Accessible Chan Suite CLA Charitsble Trust- revenue fund foro anisational core costs Clothworkers- depreciation resen4e for tablets: Covid-19 su Clothworkers- revenue fund for Covid-19 su Cornwall Communty Foundation- revenue fund for provision of mental health activities Cornwall Community Foundation YS- revenue fund for provision of youth ServIS Cornv4all Cofflmunity Foundation I Will- revenue fund for I Will rovision Cornwall Council- revenue fund for rovision of mental health activities Centrica- depreciation reserve for ener monitorin ui ment BBC Children in Need- Summer Fund Department for TransPOrt- Depreciation reserve for comnwnty minibus EDF Green Fund- depreciation reseNe for 3 phase electrical rade Edward Gostlin- revenue fund for Head Out delive 2,710 180 2,530 2,OtM) 2,000 121,445 6,420 115,025 6.853 1,827 5,026 1,665 180 1,485 12,303 1,047 11,256 3,500 3,500 1.984 66 1,918 1,5(KJ 1,500 4,840 7.420 6,166 6,094 3,997 1,559 2,438 4,980 1,912 3,068 962 240 722 12,388 7,824 4,564 15,744 3,498 12,246 8,000 7,160
Adventure BF Adventure Annual Report 2020-21 Company Number 3546772 Garfield Weston- revenue fund for 20,000 organisational core costs to deliver Skills for Life Green Hall Foundation- depreriation reserve for dimbin ui ment Groundwork UK- revenue fund f Skills for kn'fe Hedley Foundation- depreciation reserve ft)r site develo ment Inner Wheel- depreciation reserve for ka ak fleet and SUPS Uoyds TSB Capital- depreciation reserve for site develo ment Big Lottery- revenue fund for Chatty Café Covid-19 res nse Tanner Trust- capital reserve for Office Renovation Santander Adventure Quary- depreciation reserve for Adventure uar rovements Site Development Fund- depreciation resefves for Activity (brry instsllation. Skipton Yurt Fund- depreciation reseNe for Yurt nurture The Tanner Trust- revenue fund for organisational core costs- Covid-19 su ort The Tanner Trust- depreciation reserve for site borehole Together for Familie5- revenue fund for rovision of activits.es TOTEM- revenue fund for provisi¢)n of LGBT + attivities Wooden Spoon-revenue fijnd for individual su Wooden Spoon- depreciation reserve for Adventure Bam dIm'n wall Worval Foundation- revenue fund for rovision of Individual activities Other small funds. 20,000 2,955 236 2,719 500 500 1,845 157 1,688 6,000 246 5,754 5,547 472 5,075 2,834 2,834 6,OCK) 125 5,875 850 392 458 50,427 19,920 30,507 3,167 431 2,736 5,000 2,741 236 2,505 6,001 6,960 980 11,981 25,225 21,757 3,468 10,000 4,245 5,755 16.050 1,81)0 14,250 1,500 1,500 271 280,761 158 106,096 113 290,750 116,085 ¥ £224,226 of the balance at 31 August 2020 is a d¥*rriation resen for grant fiJThled fixed assets. 37
Adventure BF Adventure Annual Report 2020-21 Company Number 3546772 25. Reconciliation of net income/(expenditure) to net cash flow from operating activities 2021 2020 Net incomel(expenditure) for the reporting period (as per the statement of financial artivities) 22,225 7,268 Adjustments for: Depreciation Charges {Gains)ILosses on investments Dividends, interest and rents from investments Lossl(profit) on the sale of fixed assets (Increase)ldease in debtors Increasel(decrease) in creditors 52,539 (4,832) (10,942) 64,878 (1,628) (973) (57,619) (131,649) 7,132 355 Net cash provided by (used in) operating activities 8,503 (61,749) 26. Analysis of cash and cash equivalents 2021 2020 Cash in hand 106,443 101,231 Bank Overdraft COIF Investments (less than 3 Months) 47.701 42,869 Total cash and cash equival• 154.IH 14,100 38
Adventure BF Adventure Annual Report 202tF21 Company Number 3546772 27. Financial Commitments At 31 August 2021 the company had annual commitrnents ur)der non-cancellable operating leases as follows: 2021 2020 Due within one year 3,419 4,105 Due 2-5 years 9,856 10,515 Due after 5 years 54,208 54,280 28. Company limited by guarantee BF Adventure 15 a company limtted by guarantee and accordingly does rt have a Share capitsl. Every member of the company undertakes to contribute such amount as may be require, not exceeding £10, to assets of the ch3ritsble company in the event of its being wound up while he or she is a membw, within or£ year after he or she ceases to be member. 39