(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
#139

Adventure
BF Adventure
Annual Report 2023-24
Company Number 3546772
Contents
Heading
Page
Referen￿ and administrative information
Trustees, report
lThlependent eXam1r￿ts 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
WhYf￿d 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 op￿unitieS 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 re￿iVeS £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 COn￿rnS.
Artide 24 of the UNCRC emphasizes every thild's right to healthi yet in Cornwall, many are
denied this r￿ht.
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, we￿e 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, foCUs￿d 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￿"V￿Y 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 w￿rk represents 75 % of BFA'S throughput, the activity centre is also
popular with sch￿1 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 add￿5 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 Menlalands￿lytUaICapa￿tses andgrow to full
nMturityas indlvidual n￿rnh￿S ofsoaet
"To prnvAle community faalities in the internsts ofsooal Welfa￿ for recreation
and/e￿Ure 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 i￿arry, 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 sch￿1 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 adOle￿n￿, 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
t￿rIng 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 rn￿ts 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-ba*d 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 a￿1 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 AC￿55 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.
t￿ring 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 strateg￿S 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￿ Pl￿ments 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 inVestm￿t 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 r￿ent 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 chIld￿n and young peO￿e 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 sUp￿rt to thildren,
young people and families who fa￿ di￿1Van￿geS in life. to meet their Id￿tified
needs.
4. o￿ating 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 CJx￿grane 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
ServI￿S 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 COn￿rn?
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 b￿n 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, P￿ryn, 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 I￿0 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 trust￿5 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 peO￿e 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 stateM￿ts 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 reasOr￿b1e 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
E￿land 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 a￿oUnts in accordan￿ with the ￿'nan{jaI
Reporting Standard applicable in the UK and Rewblic of Ireland (FRS 102)].
I have no COn￿mS 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 B￿lnesS 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 Incomellexpendit￿e)
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(expendi￿re)
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 fUr￿S
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 p￿ParIng 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 entitl￿1 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, r￿irne.
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￿ m*ts the definition of a public ben￿t entity under FRS 102. Assets and Itabilities are
initially recognised at historical cost ￿ transacti¢)n value Unl￿ Ot￿rWIse ststed in the relevant
accounting policy notes.
Going concern
The financial ststements have been prepared on a gK*ing 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 defer￿d 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 r￿nIsed 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
In￿rred in trading activitses that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities
and servi￿5 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
D1￿ct 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
FUrKIra￿irMj
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
Depr￿lab"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 p￿slon 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 Offi￿r
Administration
Instructors
13
15
Key Management PeTh)nn
The organisations Senior Managanent Team meets fortn￿htIY 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 p￿s(￿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
Ir￿eaSe/(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
rep￿sented by:
Tangible Fixed As￿ts
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
sept￿ntser Resour￿ Resources
August
2023
2024
General Fund
251,069
788,887 7gJ.606
(1,414) 247,936
Ati
Incoming
Sept￿nb￿ 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 ReSoUr￿S 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 lia￿S-
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
ac￿ssible 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 aCtivit￿S
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 r￿ed 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 re*rve for
energ¥.monitorinq.equipment*
Children in Need- depreciation
reserve for Electric Vehide
Clottiworkers- depreCIat￿n reserve
for tablets: Covid-19 5UPPO.rt"
COMF- depreciation reser¥e for
10,369
I,iii
accessible chan9ing........__.....___...___...._______.........__.......__.......____._.......___......____
DPD- depreciation reserve for
beekeeping f￿llItIeS .
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 Developn￿nt 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 lnveslrn￿ts
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-Can￿lIable 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 eV￿t 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.