##
##
|CONTENTS||||PAGES|
|---|---|---|---|---|
|Reference and administrative||details|||
|Trustees'
report||||2to 5|
|Executive Director's report||||6to11|
|Auditor's
report||||12to 14|
|Statement
of financial|activities and income and expenditure||account|15|
|Balance sheets||||16to 17|
|Statement
of cash flows||||18|
|Notes to the financial|statements|||19to 36|
##
##
##
##
##
##
##
##
##
##
##
##
##
|Mr Brian Foxton (Chair):|Group Engineer - Street Management
Team,
Highways.
Regular Adventure
Plus Volunteer|London Borough Hackney
and Archery Leader|
|---|---|---|
|Revd. Donna Williams:|Vicar, All Saints' Hampton
(resigned
13th July|2022)|
|Mr Richard Bach:|Partner,
Heligan
Group||
|Mr James Gould:|Academic
Lawyer - University
of Plymouth||
|Mr Nick Stevens|CEO at St Raphael's
Hospice (resigned 20th|September 2022)|
|Mrs Helen Leighton:|Former International
Marketing
Director||
|Mr Mark Hellawell|Director and founder of Rokwell Partners
Ltd||
|Secretary:|Mrs Therese Cox (Solicitor)||
|Registered
Office:|Adventure
Plus, Main Street, Clanfield,
Oxfordshire,
OX182SN||
|Accountants:|The M Group, 4 Witan Way, Witney, Oxfordshire,
OX28 6FF||
|Auditors:|Just Audit &Assurance
Ltd, 4 South Bar Street, Banbury, Oxon OX16 9AA||
|Bankers:|National
Westminster
Bank pic, 23 High Street, Witney, Oxon OX28 6HW||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Notes|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds 2022|Funds 2021|
||||||f|8||
|INCOME||||||||
|Donations
and legacies||||202,778|180,095|382,873|585,919|
|Grant income||||4,000||4,000|50,592|
|Charitable
activities||||207,500||207,500|152,269|
|Investment
income||||1,781||1,781|23|
|Other income||||25,381||25,381|26,710|
|Activities for generating||funds||211,029||211,029|139,228|
|Total income|||4|652,469|180,095|832,564|954,741|
|Expenditure
on:||||||||
|Charitable
activities||||436,416|170,452|606,868|592,532|
|Governance
costs||||7,500||7,500|3,600|
|Trading cost of subsidiary||||181,286||181,286|82,684|
|Total expenditure|||5|625,202|170,452|795,654|678,816|
|NET INCOME I(EXPENDITURE)||||27,267|9,643|36,910|275,925|
|Extraordinary
income|||||1,500,000|1,500,000||
|Subsidiary
corporation||tax||435||435|6,281|
|NET MOVEMENT|IN FUNDS|||26,832|1,509,643|1,536,475|269,644|
|Reconciliation
of|funds|||||||
|Total funds at 1 January 2022|||18|195,768|2,073,272|2,269,040|1,999,396|
|Total funds at 31 December 2022|||18|222,600|3,582,915|3,805,515|2,269,040|
##
##
|||Notes|GROUP||CHARITY|CHARITY|
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
|FIXEDASSETS|||||||
|Tangible assets||9|3,453,378|1,939,617|3,419,569|1,917,228|
|Investments||10|||2|2|
||||3,453,378|1,939,617|3,419,571|1,917,230|
|CURRENT ASSETS|||||||
|Stock|||1,657|1,253|||
|Debtors|||104,538|49,868|77,014|49,479|
|Cash at bank and
in hand|||455,404|400,244|366,165|313,698|
||||561,599|451,365|443,179|363,177|
|CREDITORS: Amounts|falling due|12|199,862|112,779|119,946|50,098|
|within one year|||||||
|NET CURRENT ASSETS|||361,737|338,586|323,233|313,079|
|TOTAL ASSETS LESSCURRENT||LIABILITIES|3,815,115|2,278,203|3,742,804|2,230,309|
|CREDITORS: Amounts|falling due|14|5,000|5,000|||
|after more than one year|||||||
|Provisions
for liabilities|and charges|15|4,600|4,163|||
|NET ASSETS|||3,805,515|2,269,040|3,742,804|2,230,309|
|FUNDS OF THE CHARITY:|||||||
|Unrestricted
income funds||18|222,600|195,768|159,889|157,037|
|Restricted income funds||18|3,582,915|2,073,272|3,582,915|2,073,272|
||||3,805,515|2,269,040|3,742,804|2,230,309|
##
##
##
|||Notes|GROUP||CHARITY||
|---|---|---|---|---|---|---|
||||K||Z||
||||2022|2021|2022|2021|
|Cash flows from operating||activities|||||
|Net income for the reporting|||||||
|penod (as per the SOFA)|||36,910|275,925|12,492|225,881|
|Adjustments
for:|||||||
|Depreciation
charges|||127,870|121,813|123,770|118,570|
|Increase
in inventory|||(404)||||
|(Increase) Idecrease
in debtors|||(54,670)|(17,193)|(27,535)|6,364|
|Profit on the sale of other|||||||
|tangible
fixed assets|||(33,338)|(553)|(33,338)|(553)|
|Increase
in creditors|||89,205|58,456|69,851|11,100|
|Decrease
in other creditors||||(2,500)|||
|Taxes paid|||(2,120)||||
|Net cash generated
by operating|||||||
|activities|||163,453|435,948|145,240|361,362|
|Cash flows from investing||activities:|||||
|Proceeds from the sale ofother|||||||
|tangible
fixed assets|||40,870|2,765|40,870|2,765|
|Purchase of property,
plant||and|||||
|equipment|||(149,163)|(323,300)|(133,643)|(312,889)|
|Net cash used
in investing|activities||(108,293)|(320,535)|(92,773)|(310,124)|
|Net increase
in cash and|cash||||||
|equivalents|||55,160|115,413|52,467|51,238|
|Cash and cash equivalents||at|||||
|the beginning
of the year|||400,244|284,831|313,698|262,460|
|Cash and cash equivalents||at|||||
|the end ofthe year||21|455,404|400,244|366,165|313,698|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|The incoming
resources|The incoming
resources|included|on page 13consist of the following|sources ofincome:||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|F|
|Unrestricted
income:||||||
|Donations
and legacies||||||
|Donations
and legacies||||202,778|92,853|
|Grant income||||4,000|50,592|
|Charitable
activities||||||
|AIM||||26,326|17,705|
|MAP||||134,082|98,213|
|Total adventure||||26,019|20,410|
|DISTIL||||21,073|15,941|
|||||207,500|152,269|
|Investment
income||||||
|Interest receivable|and|similar|income|1,781|23|
|Other income||||||
|Rental income||||13,911|26,710|
|Other income||||11,470||
|||||25,381|26,710|
|Activities for generating||funds||211,029|139,228|
|||||652,469|461,675|
|Restricted income:||||||
|Donations
and legacies||||||
|Donations
and legacies||||180,095|493,066|
|Total income||||832,564|954,741|
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||6||
|Unrestricted
expenditure:||||||
|Charitable
activities||||||
|Discounts
taken||||3,214||
|Rent and rates||||54,eee|55,996|
|Housing
and site expenses||||9,784|10,801|
|Insurance||||5,443|7,414|
|Wages and salaries||||255,283|239,042|
|Activity costs||||44,134|11,365|
|Repairs and maintenance||||2,708|7,602|
|Volunteer expenses||||3,517|3,862|
|Telephone
and fax||||3,250|3,027|
|Printing,
postage and stationery||||3,722|3,669|
|Trade subscriptions||||3,215|3,249|
|Sundry expenses||||623|1,496|
|Motor expenses||||24,445|15,756|
|Publicity and fundraising||||7,091|2,483|
|Customer
entertaining||||||
|Legal and professional|fees|||8,637|7,461|
|Accountancy
fees||||4,680||
|Bank charges||||1,190|710|
|Donations||||622||
|Currency exchange losses||||||
|||||436,416|373,944|
|Governance
costs||||||
|Governance
costs - independent|||exam||3,600|
|Governance
costs - audit||||7,500||
|Trading cost ofsubsidiary||||181,286|82,684|
|||||625,202|460,228|
|Restricted expenditure:||||||
|Charitable
activities||||||
|Wages and salaries||||71,793|94,694|
|Activity costs||||1,238|5,127|
|Repairs and maintenance||||6,989|750|
|Depreciation||||123,770|118,570|
|Profit on sale ofother tangible||fixed assets||(33,338)|(553)|
|||||170,452|218,588|
|Total expenditure||||795,654|678,816|
##
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||Average|number ofemployees|||||21|20|
|7|STAFF|COSTS|||||||
||||||||2022|2021|
||Staff costs for the Chanty||during|the year amounted||to:|E|E|
||Salaries|and wages|||||291,178|302,014|
||Social security costs||||||24,503|20,453|
||Pension|contributions|||||11,395|11,269|
||||||||327,076|333,736|
||Included|in the trading costs of||the subsidiary|were|staff costs as follows:|||
||Salaries|and wages|||||94,560|32,282|
||Social security costs||||||6,679|1,514|
||Pension|contributions|||||2,160|784|
||||||||103,399|34,580|
##
|Key management|personnel|remuneration|for the year amounted|to:|2022f|2021
E|
|---|---|---|---|---|---|---|
|Salary and wages|||||50,044|44,699|
|Pension|||||1,689|3,472|
||||||51,733|48,171|
##
##
##
|||Land and|Motor|Other fixed||
|---|---|---|---|---|---|
|||buildings
6|vehicles
f|assets
6|Total|
|Cost||||||
|At 1 January|2022|2,180,963|88,385|160,932|2,430,280|
|Additions||1,565,296|39,255|44,612|1,649,163|
|Disposals|||(54,560)||(54,560)|
|At 31 December 2022||3,746,259|73,080|205,544|4,024,883|
|Accumulated|depreciation|||||
|At 1 January|2022|295,130|80,852|114,681|490,663|
|Charge for year||105,217|6,565|16,088|127,870|
|Disposals|||(47,028)||(47,028)|
|At 31 December 2022||400,347|40,389|130,769|571,505|
|Net book value||||||
|At 1 January|2022|1,885,833|7,533|46,251|1,939,617|
|At 31 December 2022||3,345,912|32,691|74,775|3,453,378|
##
##
|CHARITY|||||||
|---|---|---|---|---|---|---|
|||Land and|Motor|Computer|Fixtures, fittings||
|||buildings|vehicles|equipment|and equipment|Total|
|||||F|||
|Cost|||||||
|At 1 January|2022|2,180,963|88,385|19,545|74,784|2,363,677|
|Additions||1,565,296|39,255||29,092|1,633,643|
|Disposals|||(54,560)|||(54,560)|
|At 31 December 2022||3,746,259|73,080|19,545|103,876|3,942,760|
|Accumulated|depreciation||||||
|At 1 January|2022|295,130|80,852|17,430|53,037|446,449|
|Charge for year||105,217|6,565|2,114|9,874|123,770|
|Disposals|||(47,028)|||(47,028)|
|At 31 December 2022||400,347|40,389|19,544|62,911|523,191|
|Net book value|||||||
|At 1 January|2022|1,885,833|7,533|2,115|21,747|1,917,228|
|At 31 December 2022||3,345,912|32,691|1|40,965|3,419,569|
##
##
|11|DEBTORS||GROUP||CHARITY||
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
||||||F|f|
||Trade debtors||87,042|32,785|43,572|3,178|
||Prepayments|and accrued income|16,906|16,499|15,427|30,229|
||Other debtors||590|584|18,015|16,072|
||||104,538|49,868|77,014|49,479|
|CREDITORS: amounts|falling due within|one year||||
|---|---|---|---|---|---|
|||GROUP||CHARITY||
|||2022
K|2021f|2022
f|2021
6|
|Trade creditors||11,565|10,267|6,662|4,224|
|Taxation and social security||20,949|9,215|5,083|1,723|
|Accruals and deferred|income|139,452|88,059|80,305|38,913|
|Other creditors||27,896|5,238|27,896|5,238|
|||199,862|112,779|119,946|50,098|
##
##
|14|CREDITORS: amounts|falling due after||||||
|---|---|---|---|---|---|---|---|
||more than one year||GROUP|||CHARITY||
||||2022|2021|2022||2021|
||||K|5||||
||Other creditors||5,000|5,000||||
|15|PROVISIONS FOR LIABILITIES|||||||
||||GROUP|||CHARITY||
||Deferred Taxation||2022|2021|2022||2021|
|||||f|||E|
||Accelerated
capital allowances||4,600|4,163||||
|All deferre|d taxa|tion has been fully provide|d.|||||
|---|---|---|---|---|---|---|---|
||||GROUP|||CHARITY||
|Movements
on||deferred taxation||||||
|provision|||2022|2021|2022||2021|
|||||E|K||6|
|Balance|brought|forward|4,163|||||
|Transfer|during|the year|437|4,163||||
|Balance|carried|forward|4,600|4,163||||
##
|Amounts|Ialhng due|under operating|leases:|||||
|---|---|---|---|---|---|---|---|
|||||GROUP||CHARITY||
|||||2022|2021|2022|2021|
|||||||F||
|Expiring|in less than|one year||6,075|6,077|6,075|6,077|
|Expiring|in more than|one but less than five||||||
|years|||||8||8|
|Expiring|in more than|five years|||11||11|
|||||6,075|6,096|6,075|6,096|
|Amounts|receivable|under operating|leases:|||||
|||||GROUP||CHARITY||
|||||2022|2021|2022|2021|
|||||8|||6|
|Expiring|in less than|one year||||5,000|5,000|
|Expiring|in more than|one but less than||||||
|five years||||||20,000|20,000|
|Expiring|in more than|five years||||59,000|64,000|
|||||||84,000|89,000|
##
##
|Fund ba|lance|s at 31 December 2022 are re|presented
by:|||
|---|---|---|---|---|---|
||||Restricted|Unrestricted||
||||funds|funds|Total funds|
|||||6|K|
|Tangible|assets||3,419,568|33,810|3,453,378|
|Stock||||1,657|1,657|
|Debtors||||104,538|104,538|
|Cash at|bank|and in hand|163,347|292,057|455,404|
|Current|liabilites|||(199,862)|(199,862)|
|Non-current||liabilities||(9,600)|(9,600)|
||||3,582,915|222,600|3,805,515|
##
##
|MOVEMENT
IN F|UNDS||||||
|---|---|---|---|---|---|---|
|||At 1||||As at 31|
|||January|Incoming|Outgoing||December|
|||2022|resources|resources|Transfers|2022|
|Unrestricted
funds:|||||||
|General funds||185,768|652,469|(625,636)||212,600|
|Designated
funds||10,000||||10,000|
|Total unrestricted|funds|195,768|652,469|(625,636)||222,600|
|Restricted funds|||||||
|Vehicles and equipment||10,476|10,498|14,785||35,759|
|Adventure
Base and|||||||
|Yurt Complex||2,062,796|1,632,774|(156,710)||3,538,860|
|Salary supportfund|||20,300|(20,300)|||
|MAP|||16,523|(8,227)||8,296|
|Total restricted
funds||2,073,272|1,680,095|(170,452)||3,582,915|
|Total funds||2,269,040|2,332,564|(796,088)||3,805,515|
##
##
|Movement
in||funds (previous|funds (previous|year)|||||
|---|---|---|---|---|---|---|---|---|
|||||At 1||||As at 31|
|||||January|Incoming|Outgoing||December|
|||||2021|resources|resources|Transfers|2021|
|||||8|6|6|8||
|Unrestricted|funds:||||||||
|General funds||||190,895|461,675|(466,509)|(293)|185,768|
|Designated
funds||||10,000||||10,000|
|Total unrestricted|||funds|200,895|461,675|(466,509)|(293)|195,768|
|Restricted funds|||||||||
|Vehicles and|equipment||||26,102|(15,626)||10,476|
|Bursary fund||||482|67|(676)|127||
|Adventure
Base and|||||||||
|Yurt Complex||||1,794,825|450,764|(182,793)||2,062,796|
|Salary support||fund|||14,492|(14,492)|||
|MAP||||3,194|1,641|(5,001)|166||
|Total restricted||funds||1,798,501|493,066|(218,588)|293|2,073,272|
|Total funds||||1,999,396|954,741|(685,097)||2,269,040|
##
##
##
##
##
##
##
##
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||Funds|Funds|Funds 2021|
|||E|Z|6|
|INCOME|||||
|Donations
and legaaes||92,853|493,066|585,919|
|Grant income||50,592||50,592|
|Charitable
activities||152,269||152,269|
|Investment
income||23||23|
|Other income||26,710||26,710|
|Activities for generating|funds|139,228||139,228|
|Total income||461,675|493,066|954,741|
|Expenditure
on:|||||
|Charitable
activities||373,944|218,588|592,532|
|Governance
costs||3,600||3,600|
|Trading cost of subsidiary||82,684||82,684|
|Total expenditure||460,228|218,588|678,816|
|NET INCOME||1,447|274,478|275,925|
|Transfer between
funds||(293)|293||
|Subsidiary
corporation|tax|6,281||6,281|
|NET MOVEMENT
IN FUNDS||(5,127)|274,771|269,644|
|Reconciliation
offunds|||||
|Total funds at 1 January 2021||200,895|1,798,501|1,999,396|
|Total funds at 31 December 2021||195,768|2,073,272|2,269,040|
##
##
##
##
##
|||GROUP||CHARITY||
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||F|||K|
|Cash|in hand|455,404|400,244|366,165|313,698|
|Total|cash and cash equivalents|455,404|400,244|366,165|313,698|