(A COMPANY LIMITED BY GUARANTEE) Charity number: 1071862 Company number: 3546772 TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf 2024 AE3LJQSI 2910512025 COMPANIES HOUSE A10
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Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 Contents Heading Page Referen and administrative information Trustees, report lThlependent eXam1rts report to the trustees 17 ststernent of financial actiwties 18 Balartt sheet Statement of cash 11)ws 22 . Notes to the financi4 ststements
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 nd Admini tiv Inform tion 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) David Wingham (Chair) Deborah Ostxjrne (WI Chair) Hilary Beechey Laurence OslM)me Henry Maples Simon Tregoning Heidi Glenister Sarah Corbridge Jason Phillips Jonathan Angilley (Appointed 3010412024) Secretary Mr A Richards Chief Executive Mr A Richards
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 Independent examiners WhYfd Limited Ground Floor, Building A Green Court Truro Business Park Threemilestone Truro TR4 9LF Bankers Bardays Bank PLC 14 King Street TRURO TRI 2RB Solicitors Murrell Associates LLP 14 High Cross TRURO TRI 2AJ
'Adventure BF Adventure Annual Report 2023-24 Company Numbw 3546772 ir. The need for our work has never been greater with the charity supwrting over 5,000 Children and young people this year. Of those over 800 live with multiple disadvantages and have received our specialist longer term support to help them overcome learning andlor physical disabilib'es. behavioural challenges, mental Ill health and other diverse issues associated with Adverse childhood experTren Cornwall Council has set the aim of making Comwall "a brilliant to te a child and grow up." For many children in Comwall this is how is; it is a county filled with natural scenery, moorland, coasts and woodlands - quiet and unspoilt, offering opunitieS for families to fill their leisure time with fresh air and wholesome attivities. Those working with families which need additional support know that there is a glaring inequality beneath this- 30 % of children here live in p)verty, and 7/0 of those are in families with working parents. Cornwall has the second-highest deprivation level among England's county cnuncils, With 17 of the most deprived neighb)urhoods in the country, and yet it reiVeS £17 million less than the national average in funding. For children in these families, beaches and woodland walks might as well be on the moon - they just dont have the money, trans)[( time or energy to enjoy them. Poverty irnpacts thildren's aspirations and well-being. The NHS Mental Health Survey shows that over a quarter of children with mental disorders have parents unable to afford extracurricular acknvities, compared to l in 10 without mental health COnrnS. Artide 24 of the UNCRC emphasizes every thild's right to healthi yet in Cornwall, many are denied this rht. We continue to focus upon increasing the impact of our worK the positive differen we make for children and young people and the number V can support, despite continued challenging times as we face raising costs and more challenging funding condib"ons. This has been a busy and rewarding year, with our team growing to a record 55 staff members during the summer, enabling us to support even more children and young people through liftr changiNJ outd(h)r activitie This year, wee also expanded to the east of countyi gaining access to Cornwall Scouts, Nine Ashes Attivity Centre and starting to support young people we have been able to engage with previously from across the east of Cornwall. The context above highlights the ongoing thallenge and need for wr services not to mention the finanual pressures facing the sector. We are, as ever, grateful for the sUPPOrt of staff, trustees, volunteers and other stakeholders who together make a real differen to the lives of so many young people. David Wingham - BF Adventure Chair of Trust&s.
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 Missio san "Inspinng, cha//enging andmotivatsng people, especiallyyoung peop/e, to develop ttieir /ife skills to bnng aboutpositive change Background: BF Adventure is a Comwall-based charity dedicated to improving the quality of life and engagement in 9xiety for young people and adults through the medium of behavioural and motivational supm, foCUsd youth TNorL measured outcomes and outdLXX activity. The charity was estsblished in 1989 by a group of indivKluals who recognised the potential of using the outdoor environment to poS"VY 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 mentsl disability, and behavioural and l or learning difficulti While this core charitable wrk represents 75 % of BFA'S throughput, the activity centre is also popular with sch1 groups working multiple local schools and academies and with youth groups such as the Guides and Scouts In July 2020 the d)arity launthed its dedicated trading arni - Wia Ferrata Cornwall C.I.C. Offering a unique Via Ferrats activity and a range of other site-based activities to families and individuals (both locals and visitorsltourists), extemal groups, and businesses (for corporate team building activrties). The profits generated from this non-charity woik will be used to support the Charitable operations and development of BF Adventure. Activities offered by BFA indude basic problem 501ving, canoeing, abseiling, dimbing, swimming, snorkelling, kayaking, archery, orienteering, bushcraft and survival skills, campingi expedition planning, zip wire, raft building, nature trail and independent living skills (budgeting, cooking, planning, job search skills, rr, basic numeracy and literacy). Where PO55ible and appropriate the* activities are ernbedded into accredited prograrnmes at pre- GCSE / GCSE level. While, as a priority. maximum use is made of the outdoor classroom, indwr activity and problem-solving SP is utilised both durirmj wor weather and increasingly to add5 wider educational, key and other'soft" skills. and elwTwIts of career guidance.
Adventure BF Adventure Annua Report 2023-24 Company Number 3546772 Charitable objects: "To promote andadvance the educatson of youngpeople who thmugh thelrsocial and economic¢iKumstan¢es are in need of the pmvision of training facilities and creationalactib+itiaf with a wew to improving their conditions oflife so that they may develop theirphy&cal MenlalandslytUaICapatses andgrow to full nMturityas indlvidual nrnhS ofsoaet "To prnvAle community faalities in the internsts ofsooal Welfa for recreation and/eUre time occupation with the obiettof impmving their conditions oflife.- When reviewing our Aims and Objecb"ves, and in planning our future attivities the Trustees have referred to the information contained in the Charity Commissions getEral guidantr on public benefit and that contsined within the Charity Governan Code.
SAdventure BF Adventure Annual Report 2023-24 Company Number 3546772 Our Cor Pro rammes We have further arKI developed our cnre charitable programmes this year both at our home base Goodygrane iarry, Penryn and at a new yte in partnership with Comwall Scouts at Nine Ashes activity trntre, Bodmin. We are hugety grateful to all of our partners, SUPPOrters, funders and stakeholders for enabling US to continue to support young wple throughout this challenging period. ParenVGuardian feedbad(: "Our young person was originally findirKJ it very hard to come to sch1 or even be in the dassroom. His mentsl health, resilientr and self-esteem was so low. sin being at BF he is bad( to schcM)l on a full-time basis arKI is in the da55room 100% of the time that he is in school." Under the S'11s for Life bannw our'core, programmes primarily supwrt thildren and young people who face challenges in engaging in full-time mainstream education. Most of the children and yourKJ people we work with are referred through statutory services although we also receive requests for help from other professionals and families directly. The majority 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 sethng, 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 adOlen, this dysregulation can generate further risk as they become vulnerable to further mental ill health, increased levds of explTh'tation and may engage in risk-taking behaviours. At BF we treat the per9)n as a person, start wlve they are at and involve them at every step. Knowing their stories helps us to understand tkn, but it doesnt define them. Our Journey of Change helps us to supwrt children, young people and families to understand how they are feelin9, what their barriets to change might be and how our provision can help them overcome those barriers. We use it as a guKle to wr conversations, to enable us to listen carefijlly and design a programme that meets their needs. We have developed an approach that draws on youth work theory, trauma informed prac(1 and outdcor 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 joumey at BF is valuable and effective
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 trIng the 2023124 academic year we delivered over 3,000 Skills for Life sessions across range of programs. Through these sessions we worked with over 830 individuals. Our Social Impact Report is produced yearly to record in detsil the differen that our provision makes. Skills for Life - Learn Differently Our Skills for Life Learn Differently programme is at the core of our deliveryi providing non- formal educatNe placements for children and young pwle (ages 5-16) who face challenges in mainstream educational settings. We work closely with our referrers in education and social care to ensure that the provision we offer children, and young people rnts their individual needs; our provision includes participation in the wider educational and social needs of the child, attendance at professionals Ifamily meetings, Personal Educab'on Plans and reports towards ass&sments. Our skilled instructors use our activities and facilitative conversations with young people to build professional, tru5t-bad rdationships. From this ba point young people are encouraged to identify their aims for sessions, how they want to develop and grow. Instructors write se&sional reports that are shared with referrers and families and provide evidence of individual progress. We have a strong safeguarding ethic a1 work closely with referrers arKI families to keep children and young people safe. Skills for Life - Access to Adventure Indusivity is essential to our work at BF Adventure, and we continue to develop the Sbte to ensure that people with physical andlor learning disabilities can participate in all aspects of our provision. This year we have continu8J to provide our AC55 to Adventu group provision and I:1 support and We able to draw funding from the aare Milne Trust to support 20 Family Activity Days throughout the summer holidays supporting 130 family members. Skills for Life- Head Out We are so gratefvl to you for giwng our daughter the opportunty to takepart in Head Out. Our hope was for her to connert with other children her own age and to rediscover her love of outdLXY adventure ats a really challenging couple Ofyea. reallyenioyed the range of athvibes made some new fvends andreally felt the 8FAdventure team we genuinely kind and caring individuals" each taking time to really listen and understand I story. Our daughter felt safe to open up and have some funl fhanks again for all your support-Parent/GuardBn These mental health and well-being programmes run on a half-temily basts at both our Penryn and Bodmin based sites and include I: l outreach and transition phases alongside group work on site. We have expanded the initial term time provi%on to include group work throughout the summer holidays. tring 2023124 we have ddivered 9 Head Out programmes, funded through Children in Need, The National Lottery Awards for All and a private donor and suptM)rted 68 young people to improve their self*steem and to develop improved coping strategS to manage their mental well-being.
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 Skills for Life- Head Out LGBTQ Funded through a private donor this prcYJramme 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, Kientity, sexuality and reducing i9)lation. During 2023124 we supported 18 young people over 3 programmes. Skills for Lrfe- Family Work At. BF Advenbjre we love to work with whole families and support the development of p)sitive communication and relationshi where there may have b*n a breakdown for some reason. During this year we have sUPPOrted families through a pilot contratt Cornwall Council promoted to support resettled Afghan families Support Worker comments: "Wonderful to see young people who dont know each other and are from different cultures and linguistic backgrounds using physical activibes to overcome language barriers and have a good time together."
BF Adventure Annual Report 2023-24 Company Number 3546772 Alongside our Core charitable programmes, the charty offers a wide range of sessions for a whole variety of groups and organisations. Due to our staffs skills and our inclusive equipment, we specialise in &ucational activity days for other charitsble organisations. We can provide acbvibes to improve communication, confiden. lrfe skills or just provide an unft)rgettable experience. Most of our activities a fully accessible, making us a popular Choi for groups with some additiorkil need& We provide idential camps and attivity days for many Cornish School& This year we hosted over 40 Cornish sthools with IIH students attending activity days and with 1,164 students experienoThJ a full adventure based resKlents"al stay onsite. Volunteering DurirKJ 2023124 we receiv suptM)rt from ovff 50 individuals, with arourKI 5 atttvdy involved in delivery and Maintenan in any given week. Most individuals supp)rt for one day per week and volunteer workin9 parties SUPFL)rt one off fundraising and maintenance e¥ents. We remain a popular Choi for work experien Plments with local school students. This year post Covid restrictions we were able to again supp)rt year 15 students with their early steps into the workl of work. Apprenticeships We were able'to conb'nue to develop our Lerfd 3 Outdoor Instructor apprenticeship with 5 individuals successfijlly completing the full programme with recruitment completed for further 6 individuals.
Adventure BF Adventure Annual Rewrt 2023-24 Company Numter 3546772 itea tr te lo Whilst the firkinaal impact of the pandemic limited capital inVestmt in the site were able to complete the followirKJ works through 2023 arKI into 2024: Devdoping additional renewable enwgy measureslinfrastrLKture onsite induding rainwater capture and upgrading to LED Lighting Upgrading our Adventure 8arn to prowde additional secure equipment storage, improved fire prevention and detection and an additi'onal lean-to dininglmeeting area for visiting groups Developing operations in partnership with Comwall Scouts and usage of their 25-acre woodland activty trntre based near &)dmin, to faalitate the developmenvexpansion of charity programme provision in East Comwall Securing donated materials to support ttE development of a large underground adventure tunnelling complex, to be completed winter 2024125 All of our rent developments are an essential part of delivering our future vision and aims as outlined below. Our Aims: BF Adventu will have the following charntteristtcs". l. Ensuring the safety and wellbeing of all chIldn and young peOe we support is our top priority, with safeguarding embedded within the Cultu at BF Adventure and equally within external partners who are involved in the delivery of our seniices. 2. Making a positive differen to all whorn access our servi$ 3. Being a leading provider of inclusive, adventurous activities and sUprt to thildren, young people and families who fa di1VangeS in life. to meet their Idtified needs. 4. oating wrth a highly skilled and mtrrfated team 5. Acting as a leading provider of quality Youth Work and Outdoor Adventure training 6. Providing a sustainable operation deliverirvj lastirvJ change and making a positive environmental impact 7. Operating across the southwest from its home base at CJxgrane offering market leading attivities, accommodation. trdinirrfj facilities and appropriate supp( infrastrurture 8. Strong relationships and presen across the public and voluntary sector 9. A recognised and leading provider of indivKlual, family and group outdoor aLtivities *Operating under (r trading arm Wia Ferrats Comwall CI.C. - generating a profit to further support the work of the tharty BF Adventure 10
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 Plans for 2024125: To consolidate the growth hIeVed in the Core Charity team seeking to continue to develop ServIS across both sites and the impatt upjn those ppOrted. To generate additional unrestricted income by looking to promote and maximise the Via Ferrata commercial offering and new Underground Adventure activity. Business Planning, consultation and development will be undertaken throughout the period to Teview the existing organisational and operational strength5, weaknesses, to consider future threats and opportunities and to further derfelop a comprehensive 5 year Visionlmission, •• Strategic aims and as9Jciated business plan to take the tharity forwards. Key focus will be upon the scoping of expansion opportunib.es to develop services to meet a growing need for provision and to mitigate the price shock risk of the rsing cost of our utilities via further devdopment of energy effiaency measures and renewable generab'on. Financial Review Current Free Unrestricted assets as at 31st Augu 2024 £128k (last year £123k) This represents a ratio of 1.9 [nthS of our average monthly expenditure our serves p)licy sets out to increase this level across the next few years This year we recorded an unrestricted deficrt of £lk after charging £22k (kpreciation. £42k was invested from our reserves into unre5triLted fixed assets Restricted reserves show a surplus of £21k after charging £23k depreciation. Of our £221k restricted re5errfes, £166k will be drawn down in depreciation of assets over the next few years, £55k is cash held pending completion of funded revenue projects. 2023124 Review The year to 31 August 2024 was very successful, despite an enomious number of challenges. Our Core services were able to successfully operate and further expand to a new site to support dients in the East of Cornwall arKI provided eswtial support to more highly vulnerable young people despite the orKJoing post par•demic challenges and financiallcost of living crisis. We were supported by a large number of grants, private donor5 and fundraising actiwties to ensure the conts'nuity and growth of *rvices li
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 2024125 Expectations 2024125 should see another Ixjsy year for tmjth Core seniices and group delivering a challenging financial climate with rising costs expected. We will ([tinUe to invest in our site facilities and further invest in our team as we to become a real liviThJ wage employer and expand our delivery across &ist Cornwall. Investment powers. policy and performance: The Trust, investment pjicy is govemed by ttE Trustee Investment Act 2000. Current investments are spread tEtween COIF Charities Investment Fund ar COIF Charities Xed Interest Fund. Surplus funds are deposited with Bardays Bank, Santander Plc. and Bank of Scotland to achieve rnaximum spread of risk. Our investments were reviewed in 2013114, we chose not to commit any further funds to long term investments and to ensure reseNes remain available to supwrt site infrastructure improvements were 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 objettives were to safely invest, with an expettation of a small additional income for the organization. This objettive has been meL A Going COnrn? With a successful 2023124 and a positive looking position in 2024125 the trustee5 are glad to see the resilience of the organisation improving. The position of the charity as a going concem has bn considered and the trustees believe that the current delivery model provides a positive platform for the future. Reserves Policy The organisation's unrestrthd reserves are now £250k. The organisation will se& to irKrease reserrfes over future years though recognise the to conbnue to invest in the gte, the team and the sustainabilty of the site. The organisation will WO to reach free unrestricted reserves of 3 months of unrestricted annual expenditure (which this year would be £197k). Reseries above this level will be considere(f 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. 12
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 Governancei 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 1st February 1988 and consts'tuted as charitable trust on 22rn1 September 1989.) The company was establlshed under a Memorandurn of Association that established the objects and power5 of the chantable company and is govern&J under its Artides of Associati(. The original Memrandurn of Association was amended with the addition of a second charitable object on 14 May 2007. The Company wa5 renamed BF Adventure on 16 October 2008. The charitsble objects were then widened on 17 August 2017. The registered Offi is &)odygrane Activty Centre, Halvasso. Longdowns, Pryn, Comwall, TRIO 9BX. Recruitment and appointment of Trustees: Under the Articles of Association, the Tntstees a appointed by ordinary resolution or by the Trustees. Only a person recommended by the Tnjstees or a person nominated by a member giving 14 to 35 days, notice may be appointed as a Trustee. A three-year staggered retiremenvrotstion pericnl (with no maximum number of terms served) was introduced from 20th March 2013. Trustee indurtion and training: All trustees are selected for the skills and experientr they can offer. They are formally indurted into the organisation by the 0 and management team. There are Opportuniti for trustees to support on session, or sUPPOrt site devdopment as well as spending time wth the team. We recognise the need for ongoing trustee training and support and the governance committ* has intr(Kluced a training programme to enhance trustee knowkdge around governan and safeguarding. 13
.Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 Organisational structure: The day to day running of the charity is overseen by the I0 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 seNices; last summer th&e were 25 staff employed on a full-time basis, there are 23 support and instructional staff with part-time contracts, some only worl( during the summer period. Pay policy for senior staff: The organisation has implemented a Staffing Matrix, vthich defines the level of responsits'lity and salary banding each role across the organi2ation. The matrix pay levels will tr rerfiewed annually by a Remuneration committ& led by the trustees. Pay for senior staff is incorporated wtthin this and no separate tKJlicy is in place. Risk management: The BF knenture Risk Register is reviewed regularly by both the Senior Management Team and the Board. Whilst this period has a marked improvement in our financial resilience this remains the main area of risk, and we will continue to build resilien over the next few years. The trust5 also recognise the level of risk associated with both safeguarding and health and safety due to the nature of our delivery and activibes. These risks are regularty monitored and reviewed to ensure we always follow best pracbce. SafeguardiThJ particularly of the Children and young peOe whom we support is of primary Importan and is the key driver throughout all our future planning decision making. 14
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 ststement of Trustees. responsibilities The Tnjstees (who are also directors of BF Adventure for the purpose of company law) are responsible for preparing Trustees, Annual Report and the financial statements in accordance with appliGable law and Unitaj Kingdom Generally Accepted AccountirKJ Practi. Company law requires the Trusiees to prepare finanaal stateMts 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 applicats'on of resour, induding the income and expenditure, of the charitsble cnmpany for that period. In preparing these financial statements, the trustees are required to: Select suitable accounting poliaes and then apply them consistently; Observe the metFMxls and principles in the Charities SORP; Make judgrnents and estimates that are reasOrb1e and prudent; State whether applicable UK Accounting Stsndards have been followed, subjett to •• any material departures disclosed and explained in the finanaal statements: and Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitsble company and to enable them to ensure that the financial statements comply with the compani Att 2006. They are also responsible for safeguarding the assets of the charttable company atKI hence for tsking reasonable steps for the prevention and detection of fraud and other Irregularib'es. The Trustees are resp)nsible for the Maintenan 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 ststements may differ from legislation in other jurisdictions. Small company provisior6 This report has been prepared In accordance with the speclal provisions for small cornpanies under Part 15 of the Companies Act 2006. On behalf of the board David Wingham Director Date: 2710512025 15
.Adventure BF Adventure Pmnual Report 2023-24 Company Number 3546772 Independent examinerfs report to the trustees of BF Adventyre ('the company,) I report to the tharity trustees on my examination of the accounts of the Company ft)r the year ended 31 August 2024. Responsibilities and basis of report As the charty 5 trustees of the Cornpany (and a19) 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 Cthe 2006 Acfj. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 20C6 Act and are eligible for independent examination, I report in respect of my examination of your tharity s accounts as carried out under section 145 of the Charities Act 2011 Cthe 2011 Act?. In carrying Out my exarnination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 ACL 16
.Adventure BF Adventure Annual Report 202>24 Company Number 3546772 Independent examinerfs statement sin 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 l am a member of the Association of Accounting Technicians in Eland and Wales, whith is one of the listed bodie& I have completed my examination. I confirm that no rnatters have come to my attention in connection with the examination giving me cause to believe: l. 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; •• 3. The accounts do not comply with the accounting requirements of section 396 of the 2006 Att other than any requirement that the accounts give a'true and fair view. which is not a matter considered as part of an irKleperKdent examirfation; or 4. The accounts have not been prepared in accordan with the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities [applicable to charities preparing their aoUnts in accordan with the 'nan{jaI Reporting Standard applicable in the UK and Rewblic of Ireland (FRS 102)]. I have no COnmS aTKI 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 pro understsnding of the accounts to be reathed. Name: Whyfield Limited GrourKI Floor, Building A Green Court, Truro BlnesS Park Threemilestone, Truro TR4 9LF Date: 2710512025 17
Advent.ure BF Adventure Annual Report 2023-24 Company Number 3546772 ta ment of Fin ncial Artivi Unrestricted Restricted Total Funds Prior Period Funds FurKis 2024 Funds 2023 Note Income and Endowments from Donations and Legacies Charitable Activities Other trading activities Income from investments 48,408 670,792 58,220 48,408 869,626 58,220 16,682 921,713 19,120 198,834 Total 788,887 198,834 987,721 968,536 Resources Expended Expenditure on: Raising fund5 Charitsble Activities 28,796 761810 28,796 24,539 982 485 718 177 450 Total 790,606 177,450 968,056 1,007,024 Net gainsl(10sses) on investments 399 Net Incomellexpendite) before transfers (3,133) 21,384 18,251 (38,887) Transfers between funds Totsl fvnds brought forward 251069 199 298 450 367 Totsl fvnds carried fornanl 247 936 220 682 468 618 251069 18
Adventure BF Adventure Annual Report 2023-24 Q)mpany Number 3546T/2 Sta nt of Fin to 31* August 2023 Unrestricted Restricted Total Funds Funds Furnds 2023 Note Income and Endowments from DonatM)ns arKI Legacies Charitabte Activibes Other trading artivities Income from investments 16,682 797,794 19,120 16,682 921,713 19,120 123.919 Totsl 844,617 123,919 968,536 Resour Expended Expenditure ort: Raising funds Charitable Activities 24,539 833 126 24,539 149 359 Total 857,665 149,359 1,007,024 Net gal(105$e5) on investrnents 399 399 Net Incornel(expendire) before transfers (13,447) {25,440) (38.887) Trnnsfers between funds Totsl funds brought forward 264 516 Total funds carried forward 251069 450 367 19
Adventure BF Adventure Annual ReF4)rt 2023-24 Company Number 3546772 nce Sheet Note Total Funds 2024 Prior Period Funds 2023 Fixed Assets: Tangible Assets 15 328 433 333 572 Total Fixed Assets 328.433 333,572 Current Assets: Debtors Investments Loan to Via Ferrata Cornwall CIC Cash at bank and in hand 18 16 17 100,879 43,076 127,555 111,295 44,490 108,682 Total current assets 277,172 309,206 Liabilities: Creditors- amounts falling 19 due within 12 months Cash at bank and in hand Creditors: amounts falling 20121 due after 12 months (40,616) (41,797) (96.371) (150,614) Total liabilities Net current assets 136 987 140 185 192 411 116 795 Total net assets 468,618 450,367 The funds of the charity Restritted Inco funds Unrestricted fUrS 24 220,682 247 936 199,298 251069 Total charity funds 468,618 450,367 Signed 2710512025 David Wingham Oirector 20
Adventure BF Adventu Annual Report 2023-24 Company NUrnt 3546772 The financial statements have teen prepared in accordan with Accounting and Reporting by Charities: Ststement of Recommended Prattice applicable to charities pParIng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irdand (FRS 102) (effective l January 2015) - (Charitie5 SORP (FRS 102)), the nancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. For the year ending 31 August 2024 the company was entitl1 to exemptK)n from audit under section 477 of the Companies Att 2006 relating to small companies. The members have not required the company to obtsin an audrt of its accounts for the year in question in accordarKe with settion 476. The dirertors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The* accounts have been prepared in accordan with provisions applicable to companies subject to the small companies, rirne. The financial statements were approved by the board on: And signed on its behalf by David Wingham Director Date: 2710512025 21
Adventure BF Adventure Annual ReF4Jrt 2023-24 Company Number 3546772 ta ment of C shflows Note Total Funds 2024 Prior Pwi(xl Fund5 2023 Cash flows frnm operatin9 activities: Net cash provided by (used in) operating activities 25 45,343 (33,373) Cash flows from investin9 activities Dividends, interest and from investments Proceeds from sale of pror*, plant and equipment Purchase of property, plant and equipment 10,053 10,622 (41,646) (26,800) Cash flows from financiThJ activities Repayment of borrowings (54,243) (29,387) Net cash provided by (used in) investing activities (40.493) (78,940) Change in cash and cash equivalents in the porting period: (40.492) (78,940) Cash and cash equivalents at the beginning of the reporting period 26 89,229 168,169 Cash and cash equivalents at the end of 26 the porting period 48,737 89,229 22
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 Notes to the Financial Statements l. Accounting policies Summary of significant accounting policies and key accountin9 estimates The principal accounting pjlicies applied in the preparation of these financial statemerts are set out below. These policie5 have been consistently appli& to all the years presented, unless otherwise stated. ststement of complian The finanaal Statements have been prepared in accordano with AccJJnting and Reporbng by Charities.. Statement of Recommended practi applicable to charib.es preparing their accounts in accordance with the Financial ReForting Standard applicable in the UK and Republic of Irdand (FRS 102) (effective l January 2015) - (Charibes SORP (FRS 102)), the Finanoal Reporting Standard applicable in UK and Republic of Ireland (FRS 102) and knpanie5 Art 2006. Basis of preparatlon BF Adventu mts the definition of a public bent entity under FRS 102. Assets and Itabilities are initially recognised at historical cost transacti¢)n value Unl OtrWIse ststed in the relevant accounting policy notes. Going concern The financial ststements have been prepared on a gKing concern basi& The trustees assess whether the use of going concern 15 approprtate i.e. whether there are any material uncertainties related to events or condrtior6 that rrkly cast significant doubt on the abilty of the Charity to ojntinue as a going concem. The trustees make this a55e55ment in respect of a period of one year from the date of approval of the financial statement Zncome and endowments All incoming resource5 are induded in the statement of financial activities when it is probable the chanty will be entitled to the income and the amount can be quantified with reasonabk accuraq. Income from Instruction Fees Income-from instiuction fees is rwnsal in the of delivery. Donations and legaaes Donab'ons are recognised when the Charity has been notified in wrlting of LK)th the amount and setuement date. In the event that a d¢Jnation is subjett to conditsons that requi a level of perforrnano by the Charity before the Charity is entitled to the funds. the irKome is deferd and not (C¥3n1Sed until either those conditions are fully met, or the fulfilment of those wnditions'is wholly within the control of the Charity and it Is probable that these condits'ons will be fulfilled in the reportiro period.
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 Grants receivable Grants are recognised when the chartty Fk35 an entitlement to the fvnds ond any conditions linked to the grants have been meL Where p&fornian condFtior6 are attached to the grant and are yet to be met, the income is recognised as a liability and induded on the balance Sheet as deferred income to be released. Expenditure Expenditure is rnIsed on an accrual ba515 a5 a liability is incurred. ExFeMJttiJ includes any VAT which cannot be fully recovered and 15 reported as part of the expenditure to which it lateS Raising funds These are costs inoJrred in attrattrng voluntary income, tr management ( investments and those Inrred in trading activitses that raise funds. Charitable activities Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and servi5 for its beneficiaries. It indudes both costs that can be allcoted dirKdy to such acbvities and those costs of an irKlirect rklture necessary to support them. Cost allocation D1ct expenditure has been allocated where possible. RemainirKJ costs have teen all¢x3ted a5 follows.. 2024 2023 Skills for Life 37.5% Skills for Life 25% Group Educational Acbwties Fundraising NCS 37.5% Group Educational ActP4ities FUrKIrairMj NCS 30Vo 5% 25% Commercial ktivities 15% Group Commercial Activitie5 Support Costs Support Costs s% 24
Adventure BF Adventure Annual Retxjrt 2023-24 Q)mpany Number 3546772 Tangible fixed assets Individual fixed assets c05bng £500 or more are initially recordeAY at C05L kss ary 5ub5equent accumulated deprec¢atk)n and subsequent accumdated impairment losses. Depreciation and amortisation Deprlab"on is provided on tangible fixed as*ts 50 as to write off the mst or valuation, less any estimated residual value, over their experted u5eftA economic lrfe a5 follows: Asset das5 tweoation method and rate Land and buildings 5 - 30 years Straight Line Plant and machinery 2 - 10 years Straight Line Motor vehides 5 years Straight tsne Computer sofbva 2 - 4 years Straight Line Investments Investments held as fixed assets are revalued at mmtrmarket Val at the balance sheet date and the gain or loss taken to the siatement of financkil activities .Leasing Rentsls payable undw operatww leases are charged against income on a straight line bast5 over the lease term. Fund structure Unrestricted income funds are general funds that a available for use at the trustee's discretion in furtheran of the objectives of the Charity. Restricted income funds are those donated for use in a partiaAar area or for specffjic purposes, the use of which is restricted to that area or purpose.
Adventure BF Adventure Annual Report 2023-24 Company Numbw 3546772 2. Income from Donations and Legacies UnrestrKted Restricted 2024 Total 2023 Total Donations Total 48,408 48,408 16,682 3. Other trading activities Unrestricted Restrict8J 2024 Total 2023 Total Comrneraal Group Delivery Incorne from Via Ferrata Comwall cic 40,220 18,IXIO 40,220 18,000 1,120 18,000 Total 58,220 58,220 19,120 4. Investment Income Unrestricted Restrictal 2024 Total 2023 Total Income from UK Listed investments Bank interest received Interest received from Via Ferrata 1,015 552 1,015 552 1,007 114 Total 11,467 11,467 11,021 5. Income from Charitable Artivities Unrestrrted Restricted 2024 Total 2023 Total Skills for Life (inc. Head (Thrt and Access to Adventure) NCS Direct Delivery Educational Group Activities Grant FurKled Development Total 486,176 187,774 673,950 561,062 69.751 184,616 290,900 184,616 670,792 198,834 869,626 921,713 26
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 6. Cost of Raising Funds Unrestricted Restricted 2024 Total 2023 Total Costs of Borrowing Costs of Fundraising 8,796 8,796 10,481 Total 28,796 28,796 24,539 7. Cost of Charitable Activities Unrestricted Restrthd 2024 Total 2023 Total Ski115 for fe NCS Direct Delivery Educational Group Activities Depreciation of (haritable Resources Support Costs +19,730 153,432 603, 162 526,512 72.324 322,773 26,495 261,560 244 23,377 397 261,804 23,377 Total 761.810 177,450 939,260 982,485 Overhead costs have been apportioned across delivery areas as follows: Skills for Life 37.5 % , Group Educational Actbvities 37.50/0. Fundraising 5 % , NCS Direct Delivery 0%, Group Commeroal Delivery 150/0, Support costs 3%, Governance 20/0. 27
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 8. Analysis of Support and Governance Costs Unrestn'cted Restricted 2024 Total 2023 Totsl Independent examination ' Management Accounting ]pport staff Costs Repairs and Maintenan Legal and Professional Fees Depreciation armj impaim)ent Other overhead costs 2,700 6,593 -2,180 510 875 2.099 2,700 6,593 -2,180 510 875 2,495 3,015 12,301 1,072 515 1,541 2,379 397 Totsl 25.194 397 25.591 34,381 9. Net outgoing resources for the period Net outgoing resources is stated after charging 2024 Totsl 2023 Totsl Depreciation and other amounts off tangible fixed assets Independent examiners remuneration And after crediting Net profft of disposal of tsngible fixed assets 46,783 2,700 48,486 3,015 35 10. Independent Examiners Remuneration 2024 Totsl 2023 Total Independent examination of the nanual Statements 2,700 3,015 28
Adventure BF Adventure Annual Report 2023-24 Cornpany Nurnber 3546772 11. Employees Employment costs 2024 Total 2023 Total Wages arKI salaries Social Security costs Employers contribution to defined contribution pslon scheme 705,941 51,358 662,042 47,222 771,380 720,655 Employment costs are allocated directy to the relevant department, or apportioned via overheads. Where a salary is directly funded through grant funds the employment cost is allocated to restritted fund& No employee received emoluments of rn0 than £60,000 (2023: 0). Number of employees The average montNy number of employees during period, calculated on the basis of head count. was as follows: 2024 Total 2023 Total Chief Executive Offir Administration Instructors 13 15 Key Management PeTh)nn The organisations Senior Managanent Team meets fortnhtIY through the year. Members feed into both board and committee m&tings. The team consists of: Adrian Richards, 0 Tony Baker, Centre Manager El Warren, Charity Business Manager Simon Beckham, Finantr Manager The totsl remuneration paid to key management ps(ne1 durirKJ tIE year amounted to £136,400 (2023, £112,350). 12. Trustee Expenses No trustee expen have been incurred. 29
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 13. Related Parties Donatw)ns totalling £683 (2023: £184) have been received from the trust. 14. Taxation The charity's attivities fall within the exemption5 afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxati( charge in these accounts. 15. Tangible Fixed Assets Freehokl Land and Buildings Plant arNJ Mctor Machinery Vehides Totsl Cost At I September 2023 Additions Disposals Transfers At 31 August 2024 770,267 9,624 258,299 32.139 (153) 99,432 1.127,998 41,763 (153) 290 285 99 432 1169 608 Depreciation At I September 2023 Provided in Year On Disposals At 31 August 2024 506,960 27.135 209,741 13,362 36 223 067 77,727 6,286 794,428 46,783 36 841 175 Net book value at 31 August 2024 245,796 67,218 15,419 328,433 Net book value at I September 2023 263,308 48,558 21,705 333,571 The trustees believe that the market value of the freehold proFErty may be significanuy higher than the carrying value. They do not howerfer feel able to suggest a reliable estimate of the market value at this time.
Adventure BF Adventure Annual Report 2023-24 Cornpany Number 3546772 16. Investments Listed Investrnents Total Valuation At I September 2023 Sale of Units Revaluations At 31 August 2024 44,490 44,490 Listed Investrnents Total Valuation At I September 2022 Sale of Units Revaluations At 31 August 2023 44,889 44,889 399 399 17. Loan to Wia Ferrata Cornwall CIC 2024 2023 Loan Value Total 127 5S5 127 555 Loan fund established to subsidiary company Via Ferrats Cornwall CIC, company number 12471065 (VFC). The loan fund has established a Wia Ferrata Course on the BF Adventure site. VFC will trade commercially as an adventure ath'vity and all commeraal undertakings of BF Adventure will transfer to the sub&diary in 2023. It is expected that VFC will generate a sury)lus which will LE donated back to BF Adventure. 31
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 18. Debtors 2024 2023 Trade Debtors Other Debtors Prepayments and Accrued Income Total 31,188 41,363 68,570 40,136 111295 19. Creditors: amounts falling due within one year 2024 2023 Trade Creditors Other taxes and social security other Creditors Accrued Expenses Deferred income Bardays &)unce Bad( Loan 10,061 11,945 3,424 3,512 1,674 4,603 10,366 4,181 4,179 8,468 20. Creditors: amounts falling due between two and five years 2024 2023 Resonan srrR Loan Barclays Bounce Back Loan 86,371 130,614 150 614 32
.Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 21. Accruals and Deferred Income 2024 2023 Deferred Income At I September 2023 IreaSe/(decreaSe) in period 8,468 28,578 Released in period At 31 August 2024 Deferred income relates to advance payments made to secure future bwking& They are non-refundable, but relate to delivery in future periods. 22. Analysis of net assets between funds Unrestri(ted Restricted Funds Funds Totsl Funds Fund balances as at 31 August 2024 as repsented by: Tangible Fixed Asts Current Assets Long Term Liabilities Current Liabiliti and provisions Total 162,098 222,646 (96,371) 166,336 54,526 328,433 277,172 (96,371) 247 757 220 862 468 618 Unrestricted Restricted Funds Funds Total Funds Fund balances as at 31 August 2023 as represented by: Tangible Fixed Assets Current Assets Current Liabilities and provisions Total 143,579 299,901 192 411 189,993 9,305 333,572 309,206 192 411 199 298 450 367 33
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 23. Unrestricted Funds Ati Incoming Outgoing . Trarsfers Gains and At 31 septntser Resour Resources August 2023 2024 General Fund 251,069 788,887 7gJ.606 (1,414) 247,936 Ati Incoming Septnb Resources 2022 Outgoing Transfexs Gains and At 31 Resources Losses August 2023 General Fund 264,516 844,617 (857,665) (399) 251,069
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 24. Restricted Funds Incoming Outgoing September ReSoUrS Resources 2023 Tiansfers At 31 August 2024 Big. Build FurKI Resonan BF Adventure Barn Firojéct- depreciation seNe for Adventure Barn. CC Accessibility Grant- depreciabon reserve for provision of accessible toilet faolities. CC Room Rèfit- capiiii grdnt for sensory.room provision CCC Aiming Fligh- Changir¥J liaS- depreciation reserve for Accessible Changing_suite. Children in Nee(i- depreciabon reserve for Electric Vehide Clothworkers- depreciation reseNe for tablets: Covid-19 supp).rt¥ COMF- depreciation reseNe for acssible changing.. DPD- depreciation reserve for beekeeping facilities EDF Green Fund- depreciation reserve for 3 phase electrical up.grade. Green Hail Fciundation- (iepreciatson reserve for dimbing. equipment Hedley Foundation- depreciation reserve for site development Inner Wheel- depreciation reserve for kayak fleet and SUPS Uoyds TSB Capital- depreciation reserve for site development Site Development Fund- depreciab'on reserves for Activity Quarry installation Skipton Yurt Fund- depreciatson reserve for Yurt nurture spa.ce The Tanner Trust- depreciation reserve for site borehole Tanner- Office ilooden Spoon- depreciation reserve for Adventure Barn climbinq wall AAFH UK Youth 95,765 6,420 89,345 945 180 765 8,115 1,047 7,068 21.527 6,099 15,428 727 397 330 9,258 I,iii 8,147 1.287 246 1,041 1,752 1,752 1,819 300 1,519 1,217 157 1,060 3,912 614 3,298 3,659 472 3,187 14,397 1,858 12,539 1,782 205 1,577 10,521 817 9,704 300 8,333 1,800 7,050 35
Adventure BF Adventure Annual Rewrt 2023-24 Company Number 3546772 Adventure Ed- 16+ Educatson -provision Albert van den Bergh- revenue iijnd for Head Out.provision Awards for All Head Out- (3,7(N)) 10,000 6,875 (575) 624 1,155 1,469 Brighter Futures S4L' Claire Milne BBC Children in Need- Summer Fund 120 Cost of Livi.iiq.....-..........-......____..........1.,717 D'oyly. Carte Garfield Weston- revenue fund for organisational core costs to deliver Skills for Life Newby Trust Head Out CCF Head Out Chii(Jren in Need Plead Out Resonan Head Out Hedley.Family.Days..................__................. Nansledan Adventure Days.....-..-------....---.......---...-..--. Payp.al Giving.......________..._........__.___._.2.,566 Resonan TOTÈM- revenue fund ic provision o! LGBTQ+ attivities Worval Foundation- revenue iijn(i for -provision o! !ndivKlual aCtivitS 120 30,000 30,000 9,620 208 14.874 729 14.353 4,155 10,561 13,733 199,298 198,834 177,466 220,682 * £166, 148 of the balance at 31 ALMJUSt 2024 is a depreoation reserve for grant fvnded red assets, £54,526 is unspent fvnds for revenue projects in 2024125. 36
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 Restricted Funds prior period Atl Incoming Outgoing Transfers At 31 September Resour Resources August 2022 2023 BF Adventure Barn Projèct- depreciation reserve for Adventure Barn CC Accessibilty Grant- depreoation reserve for provison of acce55ible toilet facilities. CC Room Refit- capitsl grant for sensory.room provision CCC Aiming High- Qianging Pla- depreciation reserve for Accessible Chan9ing.Suite" Centrica- depreciation rerve for energ¥.monitorinq.equipment Children in Need- depreciation reserve for Electric Vehide Clottiworkers- depreCIatn reserve for tablets: Covid-19 5UPPO.rt" COMF- depreciation reser¥e for 10,369 I,iii accessible chan9ing.............___...___...._______.......................____..............____ DPD- depreciation reserve for beekeeping fllItIeS . 1.533 246 EDF Green Fund- depreciation reserve for 3 phase electriGII Upgrade. Green Hail F(iurKJation- depreciation reserve for climbing. equipment Hedley Foundation- depreciation 102,185 6,420 95,765 1,372 1.370 1,125 945 9,162 1,047 8,115 242 242 27,626 6,099 21,527 1,124 397 727 9,258 1,287 5,250 3,498 1,752 2,119 300 1,819 1,374 157 1,217 Inner Wheel- depreciation reserve for kayak fleet and SUPS Uoyds TSB Capital- depreciation reserve for site development Site Developnnt Fund- depreciation reserve5 for Activity Quarry installation. Skiptiin Yurt Fund- depreciatson reserve for Yurt nuiture space The Tanner Trust- depreciation reserve for site borehole Tanner- Offi. Vooden Spoon- depreciatson reserqe for Adventure Barn climbing wall 4.526 614 3,912 4,131 472 3,659 16.255 1,858 14,397 1,987 205 1,782 11,338 817 10,521 300 10,133 1,800 8,333 37
Adventure BF Adventure Annual Report 2023-24 Company Number 3546772 Adventiire Ed- 16+ Education . provision Albert van den Bergh- revenue fvnd for Head Out_provision Claire Milne BBC Children in Néed- Summer Fijnd 10,000 13,700 -3,700 519 2,000 1,895 624 Newb Trust Garfield Weston- revenue furKI i()r organisational core costs to ddiver Skills for knfe Head Out TOTÈM- revenue iiind for provision o! LGBTQ+ activities Worval Foundation- revenue iijnd i(ir -provision o! Individual activities 25,000 25,000 20,000 19,792 208 14,540 18,228 224,738 123,919 149,359 199,298 * £188,993 of the balance at 31 August 2024 is a depreoation reserve for grant fvnded fixed a55ets, £9,305 is urtspent fvnds for revenue projects in 2024124. 38
Adventure BF Adventure Annual Report 2023-24 Cornpany NumLw 3546772 25. Reconciliation of net income/(expenditure) to net cash flow from operating activities 2024 2023 Net Incomel(expenditure) for the reporting period (as per the statement of financial artivities) 18,251 (38,887) Adjustments for: twreciation tharges (Gains)ILosses on lnveslrnts Dividends, interest and nts from investments Lossl(profjt) on the sale of fixed assets (Increase)Idecrease in debtors Increasel(decrease) in creditors 46,783 1,414 (11,467) (11.021) 48,486 399 (8,457) (8,208) (1,181) (24,142) Net cash provided by (used in) operating activities 45,343 (33,373) 26. Analysis of cash and cash equivalents 2024 2023 Cash in hand 5,661 44,739 Bank Overdraft Noti deposits (less than 3 months) 43,076 ,490 Totsl cash and cash equivalents 48,737 89.229 39
Adventure BF Adventu Annual Report 2023-24 Company Number 3546772 27. Financial Commitments At 31 August 2024 the company had annual corrmitments under nOn-CanlIable operating leases as follows: 2024 2023 Due within one year 3,061 3,539 Due 2-5 years 9,856 9,856 Due after 5 years 41,888 44,352 28. Company limited by guarantee BF Adventure is a ojrnpany 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 as*ts of the charitable company in the eVt of its being wound up while he or she is a member. or within one year after he or 4)e ceases to be a member.