Adventure
(A COMPANY LIMITED BY GUARANTEE)
Charity number: 1071862
Company number: 3546772
TRUSTEES, REPORT AND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 AUGusf 2021
"A8596NYI•
01/0￿1022
COMPANIES HOUSE
A18
#138

Adventure
BF Adventure
Annual Report 2020-21
Company NUrnL￿ 3546772
Contents
Heading
Page
Reference arKI odministrative infmtion
Trusteeg retx)rt
lThJependent examir*rs repryt to the trustee5 .
Ststement of finanoal *ivI￿S
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 (Ap￿Inted 26th October 2021)
Secretary
Mr A RJ'd)ards
Chief Executive
Mr A Richards

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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 Ferf0m￿nCe 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 sayi￿5.
The dedication and commitment shown by the stsff and volunteer team throughout this
challenging period is immense and enabled the ¢th￿rity 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 faMil￿s) are facing real ChaI￿ngeS 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 S￿ety 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 diffiCu￿les.
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, C￿kIng, 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 Re￿rt 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 fa￿litIe￿and
recreationalarti￿tles with a wew to impmving th￿r conditions of life so that they
mayllevelop theirphysica4 nyentalandspiritualcapaabes andgrow to full
maturityas indiwdual members ofsociet
"To pmvide community facilities in the interests of￿1 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 t1￿1 Istsrted to ease into it. Before I came
to 8Flgot angryrealfy e￿1￿ 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
eas￿r, its not so awkward to things. I feel that BFgwe5 me rel￿ff 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 experien￿5 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 wee￿Y 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, ]ronn￿ngerS 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 deS￿ned 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 prc*Jramme 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 1*16 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-t￿face 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 aC￿sS 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 COn￿M5 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, behav￿ural 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 r￿eds. We provide residential camps and activity days for a
large number of Cornish Sthool5.
Some of our long-term wogramme partners Ind￿e.
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 V￿uld 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 nUm￿rS and assoaated income for a second
year.
Volunteering
During 2019-20 (P￿CoV1d) we re￿IVed 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 Re￿P￿"On area and improvement to camp site
provision
Ongoing development of ￿ site faculties induding nature trails
All of our reC￿t 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 serv￿eS 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 additi￿al 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 bU￿nesS plan to tske the charity forwards. Key fc(us will be upon the scoping of
expansion Opp￿tUnItieS 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 eXP￿dItUre 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 arou￿1 £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 con￿rn
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 eM￿0yer.
li

Adventure
BF Adventure
Annual Report 2020-21
Company NuMt￿r 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, rnt￿e 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 ba￿s, 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 acbvit*s. 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 Re￿rt 2020-21
Company Number 3546772
Statement of Trustees, responsibilities
The Trustees (who are also directors of BF P1Ventu￿ for p￿ry￿ 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
res￿r￿S and appliGition of resources, irKluding the income and expenditure, of the charitsble
company for that perirAJ. In prepwry thff* fina￿al statements, the trustees we required to:
Selert suitsble accc4Jnting Fdicies then them conslstenty;
Observe the methcmjs and prrKiples in the Charit￿5 S)RP'
Make J￿rneftts and estimates that are reasonable and pnklent:
stste whether applicable UK Accounting Stsndards have t*en followed, subject to any
material departLtres disdosed and expkined in the finanaal statements,. and
Prepare the finanoal 5tatemerts ￿ the going Co￿eM 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 Charits￿e company and hence for tskn'ng rea9)nable steps for the
prevention and detection of fraud and other irregularibes.
The Trustees are respX)r￿1￿e fv the maintenance and integnty of the ctypxate and finanoal
informab.on included on the charivs webste. LegislatKn in the United ￿"ngdoM govemirKJ
p￿ParatIOn 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(xnpan￿s 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 AdV￿tUre
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 cc*nply 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 aCC￿nting 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 COnn￿￿On 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 AdvL￿tUre
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 inveStm￿ts
Net incomel(expendI￿re)
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 AdV￿tUre
Annual Re￿rt 2021>21
Company Number 3546772
Statement of Financial Activi
to 31st Awust 2020
Unrestricted Restrict&J Trtal Funds
Funds
Funds
2020
lrtome and End0wm￿ts
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￿ appli0￿e to d)arities preparing their act￿nts in
accordance with the ￿nancIal Repotting Standard ap￿ICable 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 a￿lit 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 requI￿ents 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 c￿parIeS
subject to the small companies. regime.
The financial statements were opproved iry the board on".
And signed on its behalf by
Bob Pad￿ry
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 Re￿rt 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 aPpl￿d in the preparation of these financk?I statements are set out
below. The* FdKies have been Con￿stentIY applied to all the year5 presented, unless otherwise
Stated.
statement of complian
The financial statements have been prepared in acCOrda￿e with Accounbrvj and Rep￿ti￿￿ by
Charities: Ststement of Recommended Prath"ce applicable to tharit*s preparing their accounts in
accordance with the Rnancial Reporting Stsndard applIcat￿e in the UK and Republic of IrelaTrJ (FRS
102) {effecbve l January 2019) - {Charitses SORP (FRS 102)), the Financhal RekK*rting 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 Th*ets requirements of a small group. The
charitsble group is also below the threshold for prepariro consolidated financial statements under
the Charities ACL
Going COn￿M
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 m*rial 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 a￿Urd¢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 nOti￿d 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
r￿t recognised until either those conditions are fulty met, or the fulfilment of those cOr￿lt10n5 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 relea*J.
Expenditure
ExFffiditure is ￿OgnISed on an accrual bags as a liability is imirred. ExFendthre i￿￿￿5 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 Se￿1￿5 for its benefiaarie5. It indude5 b)th costs that can be allctated dIr￿UY 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%
r￿P 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 ActiV￿e5 10%
Tangible r￿ed assets
IndNidual fixed assets costirvj E500 ￿ ￿m)re are initialty recorded at cost less any 9Jbwuent
accumulated depr￿kn"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 sOftw￿e
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 aC￿￿tIes.
Leasing
Rentsls payable under orerating leases are charged against Incoff￿ ￿ a Stra￿t line basis over the
lease term.
Fund stft￿Ure
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 t￿Sse 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 tsngI￿e r￿ed 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 dIr￿￿Y 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
lnstrL￿tOrS
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 CO￿hle 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. Acc￿dirMj1Yl 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 Carr￿ng value. They do not hOW￿er 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 Comm￿0allY 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(crL￿d 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￿ S￿R 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 Outg￿ng Transfers Gains & At 31
September Resources R￿urCeS
Losses August
' 2020
2021
General Fund
171,722
661,949 (604,172)
4,832 234,331
Atl
Incoming Outgoing Transfers Gains & At 31
Septern￿r 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 Rey￿r￿ Resour
August
2020
2021
24. Restrirted Funds
16+ education - revenue fund
Albert van den Bergh- revenue fu￿1
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 Accessi￿lity Grant- depreoation
reserve for provision of accessible
toilet facilities
CC Room Refit- capitsl grant for
senso room
rOVi￿on
CCC Airning High- Changing Pla￿S-
depreciation reserve for Access11￿e
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- depr￿ation
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*
wo￿al 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
r￿M
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
ServI￿S
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)lde￿ase 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 r￿t 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