OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-08-31-accounts

(A COMPANY LIMITED BY GUARANTEE)

Charity number: 1071862 Company number: 3546772

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022

BF Adventure Annual Report 2021-22 Company Number 3546772

Contents

Reference and administrative information 1
Trustees' report 3
Independent examiners report to the trustees 15
Statement of financial activities 17
Balance sheet 19
Statement of cash flows 21
Notes to the financial statements 22

BF Adventure Annual Report 2021-22 Company Number 3546772

Reference and Administrative Information

Charity number

1071862

Company registration number

3546772

Business address

Goodygrane Activity Centre Halvasso Longdowns PENRYN TR10 9BX

Registered office

Goodygrane Activity Centre Halvasso Longdowns PENRYN TR10 9BX

Trustees (on date report approved)

D Wingham (Chair) D Osborne (Vice Chair)

D Wingham B Padbury (resigned May 2022)

J H Murrell

H Beechey L Osborne H Maples

Simon Tregoning Sarah Corbridge Heidi Glenister

The Right Reverend Bishop Philip Mounstephen (Resigned February 2022)

Secretary

Mr A Richards

Chief Executive

Mr A Richards

1

BF Adventure Annual Report 2021-22 Company Number 3546772

Independent examiners

Whyfield Limited Building A, Green Court Truro TR4 9LF

Bankers

Barclays Bank PLC 14 King Street TRURO TR1 2RB

Solicitors

Murrell Associates LLP 14 High Cross TRURO TR1 2AJ

2

BF Adventure Annual Report 2021-22 Company Number 3546772

Chairman’s Report

Despite the ongoing challenges and restrictions created by the pandemic in this period the charity through the support of its partners, supporters, funders and dedicated team has performed well, reporting a strong financial performance and critically increasing the provision of our core services to vulnerable young people to meet a growing need for support due to the wider impacts of the pandemic and the cost of living crisis.

Our Trading arm Via Ferrata Cornwall CIC enjoyed considerable success and a busy summer period and has been able to generate significant unrestricted funds to support the further delivery and development of charitable services.

The dedication and commitment shown by the staff and volunteer team throughout this challenging period is immense and enabled the charity to reach the end of this period on both an improved financial position and with a significantly increased charity team supporting a higher number of disadvantaged and vulnerable young people than before the pandemic began.

It is clear that children and young people (and their families) are facing real challenges as we continue to navigate the repercussions of the global pandemic (and now cost of living crisis) and the impact that it has had – particularly on the mental wellbeing, employment opportunities and economic security concerns that young people experience. Nationally there is a huge rise in young people experiencing mental ill health with an alarming increase in young people reporting feelings of suicide and hopelessness; 1 million young people (8-19) have self-reported mental health issues (NYA; Out of Sight; 2021). This picture is reflected locally in Cornwall 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 people have the opportunities to achieve the best outcomes in life; we are fortunate that the combination of our outdoor setting, our caring, committed and professional team members and our drive to measure and celebrate the difference we make contributes to the work of the wider sector in making a difference to lives in Cornwall.

David Wingham – BF Adventure Chair of Trustees.

3

BF Adventure Annual Report 2021-22 Company Number 3546772

Objectives & Mission

“Inspiring, challenging and motivating people, especially young people, to develop their life skills to bring about positive change”

Background:

BF Adventure is a Cornwall-based charity dedicated to improving the quality of life and engagement in society for young people and adults through the medium of behavioural and motivational support, focussed youth work, measured outcomes and outdoor activity.

The charity was established in 1989 by a group of individuals who recognised the potential of using the outdoor environment to positively influence the physical and mental wellbeing of children and young people.

BFA works with statutory bodies, voluntary and private sector organisations concerned with the well- being of young people, particularly those disadvantaged through social deprivation, physical and mental disability, and behavioural and / or learning difficulties.

While this core charitable work represents 75% of BFA’s throughput, the activity centre is also popular with school groups working with multiple local schools and academies and with youth groups such as the Guides & Scouts

In July 2020 the charity launched its dedicated trading arm – Via Ferrata Cornwall C.I.C. Offering a unique Via ferrata activity and a range of other site-based activities to families and individuals (both locals and visitors/tourists), external groups, and businesses (for corporate team building activities). The profits generated from this non-charity work will be used to support the Charitable operations of BF Adventure.

Activities offered by BFA include basic problem solving, canoeing, abseiling, climbing, swimming, snorkelling, kayaking, archery, orienteering, bushcraft and survival skills, camping, expedition planning, zip wire, raft building, nature trail and independent living skills (budgeting, cooking, planning, job search skills, IT, basic numeracy and literacy). Where possible and appropriate these activities are embedded into accredited programmes at preGCSE / GCSE level.

While, as a priority, maximum use is made of the outdoor classroom, indoor activity and problem-solving space is utilised both during poor weather and increasingly to address wider educational, key and other “soft” skills, and elements of career guidance.

4

BF Adventure Annual Report 2021-22 Company Number 3546772

Charitable objects:

“To promote and advance the education of young people who through their social and economic circumstances are in need of the provision of training facilities and recreational activities with a view to improving their conditions of life so that they may develop their physical, mental and spiritual capacities and grow to full maturity as individual members of society”

“To provide community facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving their conditions of life.”

When reviewing our Aims and Objectives, and in planning our future activities the Trustees have referred to the information contained in the Charity Commissions general guidance on public benefit and that contained within the Charity Governance Code.

5

BF Adventure Annual Report 2021-22 Company Number 3546772

Our Core Programmes

We have continued to deliver and develop our 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:

"I am not the person I was when I arrived. I am in a much better place and have the tools I need to move forward in my career."

Skills for Life banner our ‘core’ programmes primarily support children and young people who face challenges in engaging in full-time mainstream education. Most of the children and young people we work with are referred through statutory services although we also receive requests for help from other professionals and families directly.

Most of the children and young people we support have a range of complex needs, often exacerbated by poverty. Some have experienced significant trauma through abuse, others have disabilities that make it difficult for them to understand the complexities of society and many have significant mental health concerns that prevent them from fully engaging with their education setting, families and peers. Many of these children and young people struggle to regulate their emotions and this can manifest in presenting behaviours that can challenge. During adolescence, this dis-regulation can generate further risk as they become vulnerable to further mental ill health, increased levels of exploitation and may engage in risk-taking behaviours. At BF we treat the person as a person, start where they are at and involve them at every step. Knowing their stories helps us to understand them, but it doesn't define them.

Our Journey of Change helps us to support children, young people and families to understand how they are feeling, what their barriers to change might be and how our provision can help them overcome those barriers.

We use it as a guide to our conversations, to enable us to listen carefully and design a programme that meets their needs. We have developed an approach that draws on youth work theory, trauma informed practice and outdoor education to guide children, young people and families on their personal journeys. All journeys have a beginning, a middle and an end and we strive hard to ensure that each part of the journey at BF is valuable and effective

During the 2021/21 academic year we delivered over 2000 Skills for Life sessions across a range of programmes. Through these sessions we worked with 804 individuals. Our Social Impact Report is produced yearly to record in detail the difference that our provision makes. Headlines from this report are:

6

BF Adventure Annual Report 2021-22 Company Number 3546772

Skills for Life – Learn Differently

Our Learn Differently programme is dedicated to providing young people aged 5—16 with an alternative education provision. We create bespoke, co-produced programmes built around individual needs whilst utilising our 60+ acre site. We use a host of activities which provide challenges and experiences that are key in building 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 with support in developing resilience and effective coping strategies for dealing with the stress of life. In 2021-21 we worked with 225 individuals through 2400 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 and/or learning disabilities can participate in all aspects of our provision. This year we have continued to provide our Access to Adventure group provision and 1:1 support and were able to draw funding from the Baily Thomas Charitable Fund to support 8 Family Activity Days throughout the summer holidays.

Skills for Life - Head Out

The 8-week mental health and well-being programmes run on a half-termly basis and include 1:1 outreach and transition phases alongside group work on site. We have expanded the initial term time provision to include group work throughout the summer holidays.

During 2021/22 we have delivered 5 Head Out programmes, funded through Children in Need, The National Lottery Awards for All, Ironmongers and the Worval Trust and supported 40 young people to develop improved coping strategies to manage their mental well-being.

Skills for Life – Head Out LGBTQ

Funded through a private donor this programme follows the Head Out with a combination of workshops and outdoor activities. Each group plans their own themes for workshops and the groups have covered confidence building, identity, sexuality and reducing isolation.

During 2021/22 we supported 26 young people over 4 programmes.

Skills for Life – Family Work

At BF Adventure we love to work with whole families and support the development of positive communication and relationships where there may have been a breakdown for some reason. During this year we have supported 4 families through our contract with Safer Stronger Consortium to deliver under the Victim Care Unit Contract.

7

BF Adventure Annual Report 2021-22 Company Number 3546772

Group Delivery

Alongside our Core charitable programmes, the charity offers a wide range of sessions for a whole variety of groups and organisations. Due to our staff’s skills and our inclusive equipment, we specialise in educational activity days for other charitable organisations. We can provide activities to improve communication, confidence, life skills or just provide an unforgettable experience. Most of our activities are fully accessible, making us a popular choice for groups with some additional needs. We provide residential camps and activity days for many Cornish Schools. This year we hosted 46 Cornish school with 4400 students attending activity days and 1400 of these students experiencing a residential stay onsite.

Some of our long-term programme partners include:

NCS- delivery of the National Citizenship Service programme to Y11 students, this includes their engagement in local community projects. We supported over 200 young people via this programme across the 21-22 year.

Carefree- residential and one- off activity programmes to support young people in care and leaving care.

Volunteering

During 2021-22 we received support from 60 individuals, with around 6 actively involved in delivery and maintenance in any given week. Most individuals support for one day per week and volunteer working parties support one off fundraising and maintenance events.

As we have emerged from the pandemic, we have been able to slowly build our volunteer team and engagement across our site and programmes looking to match pre-Covid numbers by 2023.

We are usually a popular choice for work experience placements with local school students. This year unfortunately we were unable to support our usual 15 students with their early steps into the world of work.

Apprenticeships

We were able to restart our apprenticeship intake with 2 individuals completing the full programme, in the next period we extended this to 6 individuals.

8

BF Adventure Annual Report 2021-22

Company Number 3546772

Site & Strategic Developments

Whilst the financial impact of the pandemic limited capital investment in the site we were able to complete following works through 2021 and 2022:

All of our recent developments are an essential part of delivering our future vision.

Our Aims:

By 2025 BFA will have the following characteristics:

  1. To ensure that the safety and wellbeing of all children and young people we support is our top priority, with safeguarding being embedded within the culture at BF Adventure and with external stakeholders we partner 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 services to disadvantaged and disengaged individuals of all ages and abilities

  4. A highly skilled & motivated team

  5. A sustainable operation delivering lasting change and making a positive environmental impact.

  6. Operating across the southwest from its home base at Goodygrane offering market leading activities, accommodation, 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 Ferrata Cornwall CIC)

9

BF Adventure Annual Report 2021-22 Company Number 3546772

Plans for 2022-23

To consolidate the growth achieved in the Core Charity team seeking to continue to develop services and the impact upon those supported.

To generate additional unrestricted income by looking to promote and maximise the Via Ferrata commercial offering and to develop additional activity offerings and facilities to increase footfall, to include a new Zip Safari activity.

Business Planning, consultation and development will be undertaken throughout the period to review the existing organisational and operational strengths, weaknesses, to consider future threats and opportunities and to further develop a comprehensive 5 year Vision/Mission, Strategic aims and associated business plan to take the charity forwards. Key focus will be upon the scoping of expansion opportunities to develop services to meet a growing need for provision and to mitigate the price shock risk of the rising cost of our utilities via further development of energy efficiency measures and renewable generation.

Financial Review

2021-22 Review

The year to 31 August 2022 was very successful, despite an enormous number of challenges. Our Core services were able to successfully operate and expand and provided essential support to more highly vulnerable young people We saw a return to pre-pandemic levels of group delivery to schools and charity organisations and managed a very successful season in spite of the ongoing post pandemic challenges and financial crisis. We were supported by a number of grants to ensure our services.

2022-23 Expectations

2022-22 should see a very busy year for both Core services and group delivery. Current projections suggest an unrestricted surplus of around £45k before depreciation. We will

10

BF Adventure Annual Report 2021-22 Company Number 3546772

continue to invest in our site facilities and have invested in our team as we look to become a real living wage employer.

Investment powers, policy, and performance:

The Trustees’ investment policy is governed by the Trustee Investment Act 2000. Current investments are spread between COIF Charities Investment Fund and COIF Charities Fixed Interest Fund. Surplus funds are deposited with Barclays Bank, Santander Plc. and Bank of Scotland to achieve maximum spread of risk. Our investments were reviewed in 2013-14, we chose not to commit any further funds to long term investments and to ensure reserves remain available to support site infrastructure improvements where essential. Our aim across the next 3-5 years is to increase the level of cash investments held once reserves have recovered to a safe level. Our investment objectives were to safely invest, with an expectation of a small additional income for the organization. This objective has been met.

A Going Concern?

With a successful 2021-22 and a positive looking position in 2022-23, the trustees are glad to see the resilience of the organisation improving. The position of the charity as a going concern has been considered and the trustees believe that the current delivery model provides a positive platform for the future.

Reserves Policy

The organisation unrestricted reserves are now £264k. This improves the resilience of the organisation considerably. The organisation will seek to increase reserves over future years though recognising the need to continue to invest in the site, the team and the sustainability of the site. As the organisation has reached free unrestricted reserves of 3 months of unrestricted annual expenditure. Reserves above this level will be considered for additional investment in the site, with a focus on renewable energy supply, and investment in the team through working to become a Living Wage employer.

11

BF Adventure Annual Report 2021-22 Company Number 3546772

Structure, Governance and Management

Governance, governing documents, and constitution:

The organisation is a charitable company limited by guarantee, incorporated on 16 April 1998 and registered as a charity on 7 October 1998.

(The Bishops Forum was initially inaugurated on 1[st ] February 1988 and constituted as a charitable trust on 22[nd ] September 1989.)

The company was established under a Memorandum of Association that established the objects and powers of the charitable company and is governed under its Articles of Association. The original Memorandum of Association was amended with the addition of a second charitable object on 14 May 2007. The Company was renamed BF Adventure on 16 October 2008. The charitable objects were then widened on 17 August 2017.

The registered office is Goodygrane Activity Centre, Halvasso, Longdowns, Penryn, Cornwall, TR10 9BX.

Recruitment and appointment of Trustees:

Under the Articles of Association, the Trustees are appointed by ordinary resolution or by the Trustees. Only a person recommended by the Trustees or a person nominated by a member giving 14 to 35 days' notice may be appointed as a Trustee. A three-year staggered retirement/rotation period (with no maximum number of terms served) was introduced from 20[th ] March 2013.

Trustee induction and training:

All trustees are selected for the skills and experience they can offer. They are formally inducted into the organization by the CEO and management team. There are opportunities for trustees to support on session, or support site development as well as spending time with the team. We recognize the need for ongoing trustee training, support and the governance committee has introduced a training programme to enhance trustee knowledge around governance and safeguarding.

12

BF Adventure Annual Report 2021-22 Company Number 3546772

Organisational structure:

The day to day running of the charity is overseen by the CEO supported by an experienced Senior Management Team consisting of; Charity Business Manager, Activity Centre Manager and Finance Support.

There is significant variance in staffing levels aligned with the seasonality of demand for services; last summer there were 23 staff employed on a full-time basis, there are 18 support and instructional staff with part-time contracts, some only work during the summer period .

Pay policy for senior staff:

The organization has implemented a Staffing Matrix, which defines the level of responsibility and salary banding for each role across the organization. The matrix pay levels will be reviewed annually by a Remuneration committee led by the trustees. Pay for senior staff is incorporated within this and no separate policy is in place.

Risk management:

The BF Adventure Risk Register is reviewed regularly by both the Senior Management Team and the Board. Whilst this period has seen a marked improvement in our financial resilience this remains the main area of risk, and we will continue to build resilience over the next few years. The trustees also recognise the level of risk associated with both safeguarding and health and safety due to the nature of our delivery and activities. These risks are regularly monitored and reviewed to ensure we always follow best practice.

Safeguarding particularly of the Children and young people whom we support is of primary importance and is the key driver throughout all our future planning and decision making.

13

BF Adventure Annual Report 2021-22 Company Number 3546772

Statement of Trustees’ responsibilities

The Trustees (who are also directors of BF Adventure for the purpose of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small company provisions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

On behalf of the board

David Wingham

David Wingham (May 30, 2023 14:20 GMT+1)

David Wingham Director

May 30, 2023

Date:

14

BF Adventure

Annual Report 2021-22 Company Number 3546772

Independent examiner’s report to the trustees of BF Adventure (‘the company’)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 August 2022.

Responsibilities and basis of report

As the charity’s trustees of the Company (and its director for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company 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 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

15

BF Adventure Annual Report 2021-22 Company Number 3546772

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. The accounts do not accord with those records; or

  3. The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Kerry Eastmond

Kerry Eastmond (May 30, 2023 17:18 GMT+1) ……………………

Name:

Whyfield Limited

Ground Floor, Building A

Green Court

Truro Business Park

TR4 9LF

Date: May 30, 2023

16

BF Adventure Annual Report 2021-22

Company Number 3546772

Statement of Financial Activity

Note
Income and Endowments
from
Donations & Legacies
2
Charitable Activities
5
Other trading activities
3
Income from investments
4
Total
Resources Expended
Expenditure on:
Raising funds
6
Charitable Activities
7/8
Total
Net gains/(losses) on
investments
Net income/(expenditure)
before transfers
Transfers between funds
Total funds brought forward
Total funds carried
forward
Unrestricted
Funds
Restricted
Funds
Total
Funds
2022
£
£
£
8,778
0
8,778
800,764
147,857
948,621
18,000
0
18,000
10,910
0
10,910
Prior
Period
Funds
2021
£
46,014
733,585
21,764
10,942
838,452
147,857
986,309
812,305
23,646
0
23,646
781,809
173,485
955,294
40,784
754,128
805,455
173,485
978,940
794,912
(2,812)
0
(2,812)
4,832
30,185
(25,628)
4,557
22,225
0
0
0
0
234,331
250,366
484,697
462,472
264,516
224,738
489,254
484,697

17

BF Adventure Annual Report 2021-22 Company Number 3546772

Statement of Financial Activity

to 31[st] August 2021

Note
Income and Endowments
from
Donations & Legacies
2
Charitable Activities
5
Other trading activities
3
Income from investments
4
Total
Resources Expended
Expenditure on:
Raising funds
6
Charitable Activities
7/8
Total
Net gains/(losses) on investments
Net income/(expenditure)
before transfers
Transfers between funds
Total funds brought forward
Total funds carried forward
Unrestricted
Funds
Restricted
Funds
£
£
46,014
0
583,229
150,356
21,764
0
10,942
0
Total
Funds
2021
£
46,014
7333,585
21,764
10,942
661,949
150,356
812,305
38,474
2,310
565,698
188,430
40,784
754,128
604,172
190,740
794,912
4,832
0
4,832
62,609
(40,384)
22,225
0
0
0
171,722
290,750
462,472
234,331
250,366
484,697

18

BF Adventure Annual Report 2021-22

Company Number 3546772

Balance Sheet

Note
Fixed Assets:
Tangible Assets
15
Total Fixed Assets
Current Assets:
Debtors
18
Investments
16
Loan to Via Ferrata Cornwall
CIC
17
Cash at bank & in hand
Total current assets
Liabilities:
Creditors: amounts falling
due within 12 months
19
Cash at bank & in hand
Creditors: amounts falling
due after 12 months
20/21
Total liabilities
Net current assets
Total net assets
The funds of the charity
Restricted income funds
24
Unrestricted funds
23
Total charity funds
Total Funds
2022
Prior Period Funds
2021
£
£
355,258
321,550
355,258
321,550
85,605
92,301
44,889
47,701
126,164
176,620
123,280
106,443
379,938
423,065
(65,940)
(69,918)
0
0
(180,000)
(190,000)
(245,940)
(259,918)
133,999
163,147
489,254
484,697
224,738
250,366
264,516
234,331
489,254
484,697

19

BF Adventure Annual Report 2021-22 Company Number 3546772

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements were approved by the board on:

And signed on its behalf by

David Wingham David Wingham (May 30, 2023 14:20 GMT+1) David Wingham Director

May 30, 2023

Date:

20

BF Adventure Annual Report 2021-22 Company Number 3546772

Statement of Cashflows

Note
Cash flows from operating activities:
Net cash provided by (used in)
operating activities
25
Cash flows from investing activities
Dividends, interest, and rents from
investments
Proceeds from sale of property, plant, and
equipment
Purchase of property, plant, and equipment
Cash Flow from financing activities
Repayment of borrowings
Net cash provided by (used in) investing
activities
Change in cash and cash equivalents in
the reporting period:
Cash and cash equivalents at the
beginning of the reporting period
26
Cash and cash equivalents at the end of
the reporting period
26
Total Funds
2022
Prior Period
Funds 2021
£
£
92,576
8,503
8,098
15,774
0
0
(76,648)
(14,233)
(10,000)
14,025
10,044
14,025
10,044
154,144
144,100
168,169
154,144

21

BF Adventure Annual Report 2021-22 Company Number 3546772

Notes to the Financial Statements

1. Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

BF Adventure meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

The trustees recognize the impact of Covid-19 on the organization. Whilst it has presented some significant challenges we are continuing to deliver essential support services and have utilized government support to retain staff where associated income levels have significantly dropped.

Income and endowments

All incoming resources are included in the statement of financial activities when it is probable the charity will be entitled to the income and the amount can be quantified with reasonable accuracy.

22

BF Adventure Annual Report 2021-22 Company Number 3546772

Income from Instruction Fees

Income from instruction fees is recognised in the period of delivery.

Donations and legacies

Donations are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the Charity before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Cost allocation

Direct expenditure has been allocated where possible. Remaining costs have been allocated as follows:

2022 2021
Skills for Life 25% Skills for Life 25%
Group Educational Activities 30% Group Educational Activities 25%
Fundraising 5% Fundraising 5%
NCS 25% NCS 25%
Group Commercial Activities 10% Group Commercial Activities 10%

23

BF Adventure Annual Report 2021-22 Company Number 3546772 Support Costs 5% Support Costs 5% Skills for Work 5%

Tangible fixed assets

Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Land and buildings 5 - 30 years Straight Line
Plant and machinery 2 - 10 years Straight Line
Motor vehicles 5 years Straight Line
Computer software 2 - 4 years Straight Line

Investments

Investments held as fixed assets are revalued at mid-market value at the balance sheet date and the gain or loss taken to the statement of financial activities.

Leasing

Rentals payable under operating leases are charged against income on a straight-line basis over the lease term.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the Charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

24

BF Adventure

Annual Report 2021-22

Company Number 3546772

2. Income from Donations & Legacies

Donations
Cornwall Council COVID -19 Support
COVID-19 CJRS
Total
3. Other trading activities
Commercial Group Delivery
Income from Via Ferrata Cornwall CIC
Total
4. Investment Income
Income from UK Listed investments
Bank interest received
Interest received from Via Ferrata
Total
5. Income from Charitable
Skills for Life (inc Head Out and
Access to Adventure)
Skills for Work
NCS Direct Delivery
Educational Group Activities
Grant Funded Development
Total
Unrestricted
Restricted
2022
Total
£
£
£
8,778
0
8,778
0
0
0
0
0
2021
Total
£
16,350
26,143
3,521
8,778
0
8,778
46,014
Unrestricted
Restricted
2022
Total
£
£
£
0
0
0
18,000
0
18,000
2021
Total
£
2,237
19,527
18,000
0
18,000
21,764
Unrestricted
Restricted
2022
Total
£
£
£
1,000
0
1,000
10
0
10
9,900
0
9,900
10,910
0
10,910
Activities
Unrestricted
Restricted
2022 Total
£
£
£
346,065
106,072
452,137
0
0
0
132,094
0
132,094
322,605
0
322,605
0
41,785
41,785
2021
Total
£
968
74
9,900
10,942
2021
Total
£
468,912
160
119,825
126,325
18,363
800,764
147,857
948,621
733,585

25

BF Adventure Annual Report 2021-22 Company Number 3546772

6. Cost of Raising Funds

6. Cost of Raising Funds
Costs of Borrowing
Costs of Fundraising
Group Commercial Delivery
Total
Unrestricted
Restricted
2022
Total
£
£
£
10,885
0
10,885
12,761
0
12,761
0
0
0
2021
Total
£
7,775
11,149
21,860
23,646
0
23,646
40,784

7. Cost of Charitable Activities

Skills for Life
NCS Direct Delivery
Educational Group Activities
Depreciation of Charitable Resources
Support Costs
Total
Unrestricted
Restricted
2022 Total
£
£
£
323,761
149,174
472,935
153,172
0
153,172
272,280
0
272,280
0
23,673
23,673
32,596
638
33,234
2021
Total
£
395,772
134,723
160,581
37,071
25,981
781,809
173,485
955,294
754,128

Overhead costs have been apportioned across delivery areas as follows: Skills for Life 25%, Group Educational Activities 30%, Fundraising 5%, NCS Direct Delivery 25%, Group Commercial Delivery 10%, Support costs 3%, Governance 2%.

26

BF Adventure Annual Report 2021-22

Company Number 3546772

8. Analysis of Support and Governance Costs

Independent examination
Management Accounting Support
Staff Costs
Repairs & Maintenance
Legal & Professional Fees
Depreciation & impairment
Other overhead costs
Total
Unrestricted
Restricted
2022
Total
£
£
£
2,700
0
2,500
11,529
0
11,529
(2,002)
0
(2,002)
137
0
137
155
0
155
1,615
638
2,252
18,462
0
18,457
2021
Total
£
3,383
11,509
(5,222)
195
35
1,532
14,549
32,596
638
33,234
25,981

9. Net outgoing resources for the period

9. Net outgoing resources for the period
Net outgoing resources is stated after charging 2022 Total 2021 Total
£ £
Depreciation and other amounts off tangible fixed assets 42,940 52,539
Independent examiners remuneration 2,700 3,383
And after crediting
Net profit of disposal of tangible fixed assets 0 0

10. Independent Examiners Remuneration

ndependent Examiners Remuneration
2022 Total 2021 Total
£ £
Independent examination of the Financial Statements 2,700 3,383

11. Employees

Employment costs
Wages and salaries
Social Security costs
Employers contribution to defined contribution pension scheme
2022 Total
2021 Total
£
£
636,204
517,967
42,304
30,695
9,633
6,751
688,141
496,286

27

BF Adventure Annual Report 2021-22 Company Number 3546772

Employment costs are allocated directly to the relevant department or apportioned via overheads. Where a salary is directly funded through grant funds the employment cost is allocated to restricted funds.

No employee received emoluments of more than £60,000 (2021: 0).

Number of employees

er of employees 2022 Total 2021 Total
erage monthly number of employees during the period,
ed based on head count, was as follows:
Chief Executive Officer 1 1
Administration 9 9
Instructors 21 15

The average monthly number of employees during the period, calculated based on head count, was as follows:

Key Management Personnel

The organisations Senior Management Team meets fortnightly through the year. Members feed into both board and committee meetings. The team consists of:

The total remuneration paid to key management personnel during the year amounted to £105,188 (2021, £96,882).

12. Trustee Expenses

No trustee expenses have been incurred.

13. Related Parties

Donations totalling £96 (2019: £416) have been received from the trustees.

14. Taxation

The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.

28

BF Adventure

Annual Report 2021-22

Company Number 3546772

15. Tangible Fixed Assets

5. Tangible Fixed Assets
Cost
At 1 September 2021
Additions
Disposals
Transfers
At 31 August 2022
Depreciation
At 1 September 2021
Provided in Year
On Disposals
At 31 August 2022
Net book value at 31 August 2022
Net book value at 1 September
2021
Freehold
Land &
Buildings
Plant &
Machinery
Motor
Vehicles
£
£
£
731,765
223,848
68,937
18,019
28,134
30,495
0
0
0
0
0
0
Total
£
1,024,750
76,448
0
0
749,784
251,982
99,432
1,101,198
447,457
187,339
68,203
29,572
10,131
3,237
0
0
0
703,200
42,740
0
477,029
197,471
71,440
745,940
272,755
54,511
27,992
355,258
284,308
36,508
734
321,550

The trustees believe that the market value of the freehold property may be significantly higher than the carrying value. They do not, however, feel able to suggest a reliable estimate of the market value currently.

29

BF Adventure Annual Report 2021-22 Company Number 3546772

16. Investments

Valuation
At 1 September 2021
Sale of Units
Revaluations
At 31 August 2022
Valuation
At 1 September 2020
Sale of Units
Revaluations
At 31 August 2021
17. Loan to Via Ferrata Cornwall CIC
Loan Value
Total
Listed
Investments
Total
£
£
47,701
47,701
0
0
(2,812)
(2,812)
44,889
44,889
Listed
Investments
Total
£
£
42,869
42,869
0
0
4,832
4,832
47,701
47,701
2022
2021
£
£
126,164
176,620
126,164
176,620

Loan fund established to subsidiary company Via Ferrata Cornwall CIC, company number 12471065 (VFC). The loan fund has established a Via Ferrata Course on the BF Adventure site. VFC will trade commercially as an adventure activity and all commercial undertakings of BF Adventure will transfer to the subsidiary in 2022. It is expected that VFC will generate a surplus which will be donated back to BF Adventure.

30

BF Adventure

Annual Report 2021-22

Company Number 3546772

18. Debtors

Trade Debtors
Other Debtors
Prepayments & Accrued Income
Total
2022
2021
£
£
82,051
85,042
1,050
1,836
2,504
5,423
85,605
92,301

19. Creditors: amounts falling due within one year

Trade Creditors
Other taxes and social security
Other Creditors
Accrued Expenses
Deferred income
Barclays Bounce Back Loan
2022
2021
£
£
3,962
10,318
9,244
7,319
4,297
3,196
9,860
11,000
28,578
28,085
10,000 10,000
65,941
69,918

20. Creditors: amounts falling due between two and five years

Resonance SITR Loan
Barclays Bounce Back Loan
2022
2021
£
£
150,000
150,000
30,000
40,000
180,000
190,000

20. Creditors: amounts falling due after five years

Resonance SITR Loan
Barclays Bounce Back Loan
2022
2021
£
£
0
0
0
0
0
0

31

BF Adventure Annual Report 2021-22 Company Number 3546772

21. Accruals and Deferred Income

1. Accruals and Deferred Income
Deferred Income
At 1 September 2021
Increase/(decrease) in period
Released in period
At 31 August 2022
2022
2021
£
£
28,085
23,948
28,578
28,085
56,663
52,033
(28,085)
(23,948)
28,578
28,085

Deferred income relates to advance payments made to secure future bookings. They are non-refundable but relate to delivery in future periods.

22. Analysis of net assets between funds

Fund balances as at 31 August 2022 as
represented by:
Tangible Fixed Assets
Current Assets
Current Liabilities and provisions
Total
Fund balances as at 31 August 2021 as
represented by:
Tangible Fixed Assets
Current Assets
Current Liabilities and provisions
Total
Unrestricted
Funds
Restricted
Funds
£
£
138,132
217,126
372,326
7,612
(245,942)
0
Total
Funds
£
355,258
379,938
(245,942)
264,516
224,738
489,254
Unrestricted
Funds
Restricted
Funds
£
£
116,973
204,577
377,276
45,789
(259,918)
0
234,331
250,366
Total
Funds
£

321,550

423,065

(259,918)

484,697

32

BF Adventure Annual Report 2021-22 Company Number 3546772

23. Unrestricted Funds

At 1 Incoming Outgoing Transfers Gains & At 31
September Resources Resources Losses August
2021 2022
£ £ £ £ £ £
General Fund 234,331 838,452 (805,455) 0 (2,812) 264,516
At 1 Incoming Outgoing Transfers Gains & At 31
September Resources Resources Losses August
2020 2021
£ £ £ £ £ £
General Fund 171,722 661,949 (604,172) 0 4,832 234,331

33

BF Adventure

Annual Report 2021-22

Company Number 3546772

24. Restricted Funds At 1 Incoming Outgoing Outgoing Transfers At 31 Transfers At 31
September Resources Resources August
2021 2022
£ £ £ £
BF Adventure Barn Project-
depreciation reserve for Adventure 108,605 0 6,420 102,185
Barn*
CC Accessibility Grant- depreciation
reserve for provision of accessible 3,199 0 1,827 1,372
toilet facilities*
CC Room Refit- capital grant for
sensory room provision*
1,305 0 180 1,125
CCC Aiming High- Changing Places-
depreciation reserve for Accessible 10,209 0 1,047 9,162
Changing Suite*
Centrica- depreciation reserve for
energy monitoring equipment*
482 0 240 242
Children in Need- depreciation
reserve for Electric Vehicle*
0 30,675 3,049 27,626
Clothworkers- depreciation reserve
for tablets: Covid-19 support*
1,521 0 397 1,124
COMF- depreciation reserve for
accessible changing*
0 11,110 741 10,369
DPD- depreciation reserve for
beekeeping facilities*
1,779 0 246 1,533
EDF Green Fund- depreciation
reserve for 3 phase electrical 8,748 0 3,498 5,250
upgrade*
Green Hall Foundation- depreciation
reserve for climbing equipment*
2,419 0 300 2,119
Hedley Foundation- depreciation
reserve for site development*
1,531 0 157 1,374
Inner Wheel- depreciation reserve
for kayak fleet and SUPS*
5,140 614 4,526
Lloyds TSB Capital- depreciation
reserve for site development*
4,603 0 472 4,131
Santander Adventure Quarry-
depreciation reserve for Adventure 66 0 66 0
Quarry improvements*
Site Development Fund- depreciation
reserves for Activity Quarry 18,113 0 1,858 16,255
installation*
Skipton Yurt Fund- depreciation
reserve for Yurt nurture space*
2,306 0 319 1,987
The Tanner Trust- depreciation
reserve for site borehole*
12,117 0 779 11,338
Tanner-Office 5,575 300 5,275

34

BF Adventure

Annual Report 2021-22

Company Number 3546772

BF Adventure
Annual Report 2021-22
Company Number 3546772
TEVI
1,359
1359
0
Wooden Spoon- depreciation reserve
for Adventure Barn climbing wall*
12,450
0
2,317
10,133
Other small funds
50
0
50
0
A2A Group
0
2,000
2,000
0
Adventure Ed- 16+ Education
provision
680
22,568
23,248
0
Albert van den Bergh- revenue fund
for Head Out provision
3,105
2,000
4,586
519
Awards for All- revenue fund for
Head Out provision
8,672
0
8,672
0
Claire Milne
660
0
660
0
Cornwall Community Foundation-
revenue fund for provision of mental
health activities
0
0
0
0
BBC Children in Need-Summer Fund
0
8,425
8,175
250
COMF
0
3,850
3,850
0
Duchy Health
-144
-144
0
Falmouth Welcome
0
1,901
1,901
0
Garfield Weston- revenue fund for
organisational core costs to deliver
Skills for Life
3,200
0
3,200
0
Head Out
0
19,047
19,047
0
TOTEM- revenue fund for provision
of LGBTQ+activities
26,897
32,827
59,724
0
Wo rval Foundation- revenue fund
for provision of Individual activities
5,719
13,454
12,330
6,843
250,366
147,857
173,485
0
224,738

35

BF Adventure

Annual Report 2021-22

Company Number 3546772

Restricted Funds prior
period
At 1
September
2020
Incoming
Resources
Outgoing
Resources
Transfers At 31
August
2021
£ £ £ £
Adventure Ed- 16+ Education 0 17,480 16,800 680
provision
Albert van den Bergh- revenue fund 0 3,000 3,000
for Head Out provision
Albert van den Bergh- revenue fund 2,530 2,000 4,425 105
for Head Out provision
Awards for All- revenue fund for 0 17,364 8,692 8,672
Head Out provision
BF Adventure Barn Project- 115,025 0 6,420 108,605
depreciation reserve for Adventure
Barn*
CC Accessibility Grant- depreciation 5,026 0 1,827 3,199
reserve for provision of accessible
toilet facilities*
CC Room Refit- capital grant for 1,485 0 180 1,305
sensory room provision*
CCC Aiming High- Changing Places- 11,256 0 1,047 10,209
depreciation reserve for Accessible
Changing Suite*
Claire Milne 0 10000 9,340 660
Clothworkers- depreciation reserve 1918 0 397 1,521
for tablets: Covid-19 support*
Cornwall Community Foundation- 6,094 0 6,094 0
revenue fund for provision of mental
health activities
Cornwall Community Foundation YS- 2,438 0 2,438 0
revenue fund for provision of youth
services
Cornwall Community Foundation I 3068 0 3,068 0
Will- revenue fund for I Will
provision
Centrica- depreciation reserve for 722 0 240 482
energy monitoring equipment*
BBC Children in Need-Summer Fund 0 7,668 7,668 0
Department for Transport- 4,564 0 4,564 0
Depreciation reserve for community
minibus*
DPD- depreciation reserve for 1999 220 1,779
beekeeping facilities*
EDF Green Fund- depreciation 12,246 0 3,498 8,748
reserve for 3 phase electrical
upgrade*

36

BF Adventure

BF Adventure
Annual Report 2021-22
Company Number 3546772
Edward Gostlin- revenue fund for
Head Out delivery
7160
0
7160
0
Garfield Weston- revenue fund for
organisational core costs to deliver
Skills for Life
20,000
0
16,800
3,200
Green Hall Foundation- depreciation
reserve for climbing equipment*
2,719
0
300
2,419
Hedley Foundation- depreciation
reserve for site development*
1,688
0
157
1,531
Inner Wheel- depreciation reserve
for kayak fleet and SUPS*
5,754
614
5,140
Iron Mongers- revenue fund for
Head Out provision
0
8682
8682
Lloyds TSB Capital- depreciation
reserve for site development*
5,075
0
472
4,603
Big Lottery- revenue fund for Chatty
Café Covid-19 response
2,834
0
2,834
0
Tanner Trust- capital reserve for
Office Renovation*
5,875
0
300
5,575
Santander Adventure Quarry-
depreciation reserve for Adventure
Quarry improvements*
458
0
392
66
Site Development Fund- depreciation
reserves for Activity Quarry
installation*
30,507
0
12,394
18,113
Skipton Yurt Fund- depreciation
reserve for Yurt nurture space*
2,736
0
525
2,211
Rank Foundation- revenue fund for
Skills for Life provision
17712
17712
0
The Tanner Trust- capital fund for
Hub development
0
10,000
152
9,848
TEVI-capital fund
3,363
2004
1,359
The Tanner Trust- depreciation
reserve for site borehole*
2,505
0
236
2,269
Together for Families- revenue fund
for provision of activities
11,981
0
11,981
0
TOTEM- revenue fund for provision
of LGBTQ+activities
3,468
42,629
19,199
26,898
Wooden Spoon-revenue fund for
individual support
5,755
0
5,755
0
Wooden Spoon- depreciation reserve
for Adventure Barn climbing wall*
14,250
0
1,800
12,450
Worval Foundation- revenue fund for
provision of Individual activities
1,500
8,459
4,240
5,719
Other small funds*
113
0
113
0
290,750
150,356
190,740
0
250,366

37

BF Adventure Annual Report 2021-22 Company Number 3546772

25. Reconciliation of net income/(expenditure) to net cash flow from operating activities

rom operating activities
2022 2021
£ £
Net income/(expenditure) for the reporting period (as per the 4,557 22,225
statement of financial activities)
Adjustments for:
Depreciation Charges 42,940 52,539
(Gains)/Losses on investments 2,812 (4,832)
Dividends, interest and rents from investments (10,910) (10,942)
Loss/(profit) on the sale of fixed assets 0 0
(Increase)/decrease in debtors 57,154 (57,619)
Increase/(decrease) in creditors (3,978) 7,132
Net cash provided by (used in) operating activities 92,575 8,503

26. Analysis of cash and cash equivalents

2022 2021
£ £
Cash in hand 123,280 106,443
Bank Overdraft 0 0
Notice deposits (less than 3 months) 44,889 47,701
Total cash and cash equivalents 168,169 154,144

38

BF Adventure Annual Report 2021-22 Company Number 3546772

27. Financial Commitments

At 31 August 2022 the company had annual commitments under non-cancellable operating leases as follows:

Due within one year
Due 2-5 years
Due after 5 years
2022
2021
£
£
4,209
4,105
10,391
10,515
54,208
54,280
69,348
78,900

28. Company limited by guarantee

BF Adventure is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be require, not exceeding £10, to assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

39

BF Adventure - Financial Review for signature

Final Audit Report 2023-05-30

Created: 2023-05-26 By: Whyfield Limited (echosign@whyfield.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAsiVU6day9ZUvQHLwiys9IeiLMX2beEom

"BF Adventure - Financial Review for signature" History

Document created by Whyfield Limited (echosign@whyfield.co.uk)

2023-05-26 - 16:11:10 GMT- IP address: 82.71.39.163

Document emailed to davidrwingham@gmail.com for signature

2023-05-26 - 16:13:06 GMT

Email viewed by davidrwingham@gmail.com

2023-05-26 - 17:08:03 GMT- IP address: 66.249.81.168

Email viewed by davidrwingham@gmail.com

2023-05-30 - 13:14:52 GMT- IP address: 66.249.93.16

Signer davidrwingham@gmail.com entered name at signing as David Wingham

2023-05-30 - 13:20:04 GMT- IP address: 86.140.241.222

David Wingham (davidrwingham@gmail.com) entered valid password assigned by the sender. 2023-05-30 - 13:16:46 GMT

Document e-signed by David Wingham (davidrwingham@gmail.com)

Signature Date: 2023-05-30 - 13:20:06 GMT - Time Source: server- IP address: 86.140.241.222

Document emailed to kerryeastmond@whyfield.co.uk for signature

2023-05-30 - 13:20:08 GMT

Email viewed by kerryeastmond@whyfield.co.uk

2023-05-30 - 16:17:53 GMT- IP address: 2.218.193.217

Signer kerryeastmond@whyfield.co.uk entered name at signing as Kerry Eastmond 2023-05-30 - 16:18:31 GMT- IP address: 2.218.193.217

Document e-signed by Kerry Eastmond (kerryeastmond@whyfield.co.uk)

Signature Date: 2023-05-30 - 16:18:33 GMT - Time Source: server- IP address: 2.218.193.217

Agreement completed. 2023-05-30- 16."18."33 GMT robat Slgn