ADVENTURE PLU S CONSOL.IDATED FINANCIAL S-I'ATEMENTS FOR THE YEAR ENDED J I DECEMBER ?0?4 Company Reoistration Ni uimber.. OJ976979 Cl)cirity Number: 1081 Oi9
ADVEIYTURE PLUS FINANCIAL STATEMENTS FOR THE YEAR EINDED 31 DECEMBER 2024 CONTENTS PAGES Reference and administrative details TrLislees' report 2 to5 Executive Director's report 6t0 10 Aiiditor's report Stateimeiit of fiiiaiiL ial activities c211d iiiLoine 1¢ nd expend itiire accouiit 15 Balance slieets 16to 17 Stateinent ot. lash flows 18 Notes to tlie fii)ancial slateineiits 191036
ADVENTURE PLUS TRUSTEES, REPORT FOR THE I E.IR F.NDED 31 DEC.F.IIBF,R 2024 TRUSTEES AND DIRECTORS Mr Mark Hell<qll'ell (IntLI'im Cliair} Mr Saiii Breuii iiig Mr Jaiii¢s Cookson Mi. Aiiclj. Field Mrs LLIL J. Doiwiier Mi's Jeiiiii Dilli<1)-Da,jeS COMPANY SECRETARY Thei'ese Cox REGISTERED OFFIC E Adveiitiire PILIS Maiii Street Claiifil'ld Bic mptoii Oxon OX182SN COMPANY REGISTRATION NUMBER 03976979 EngFl2c lid Qc nd Wc11es CHARITY RFGISTRATION NIIMBER 1081059 AUDITORS Just Alidit & As5Lifc2nLe Ltd RegTristcred ALidilors 37 Market Square Witiiey Oxt"ordshire OX28 6RE Page 1
AI)VF.NTURE PLUS
TRUSTEES, REPORT
FOR THE I'F,.IR F.NDF.D 31 DECEIIBER 2024
Tlie truslees preseiit their aiiiiiial report and the fii)ancial stat¢nients for tl)e year elided 31 De¢einber ?094.
Legal and administrative information
Conipany nLinibei':
03976979 (EI)QFlaiid & Wales)
Charity IiLiiiiber-.
10810i9
Status
Th¢ orgaii isation is a charitable compaiiy l imited by. gL11£ nnlee. incorporcited oli 19 April ?000 and registered as a
cliai-ity. 0118 JLlI)L, ?000. It coiiiiiieiiLcd tl'cidiiig) L)ii l Jaiiuai). ?002. laL' iiig ovei. tlie opcralioiis diid iiet assets ot. rail.
G lade TrLi41 (ch1( rity IlLiinber 80?659). t"ouiided iii 1990.
T5IL' COIIIPlc n J. esk1blislied iiiidL'r <1 Meinoraiidliin ofr"Assoc iation tliqc C establ islied tlie objeets 1( nd poi¥ers ol"Ilie
Lli<lritcibl¢ Luinp1 115. <211d I govei'iied iiiider ils Artielcs ot Associcili()ii. Meiiibei's ol. tliL' cliai'ilo< ble Loinpil11J'
iyuarantee
to LCllltribiit¢ kii) ainoiint iiol eNLeediiigJ £ I to tlie assets L)t"tlie Lli<2riLqble coii)pai)y iii thL ee17t (If ii.'iii(liiibY UP.
Objectives of the charity
Tl)e objectives of tlie Charity are..
To advan¢L the Clirisliaii Fqc itli
To advaiiLe tlie Ediication of. and pi'ov id¢ a faLility and sttidy coiirses t"or. cliildreii aiid yoiiiig pLrsons iii the
iiiterests of social welf<qre aiid iii order ti) improve tlieir Loiiditions ot" l it"e.
Tlie Trustees coi)firm tlii11 tliey lic?ve coiiipl iLd willi tlie IL"qLiireniLllts of section 4 ot'tlie L IILiritics Act ?0 I I to lic1ve
dlie regard to ilie PLibliL beiiefit giiidclllLe PLibl islied by tlic C harity Coininissioii tor Eiig7land aiid Wales.
Trustee-Directors
Ti'iisteL's. wlio are DireLtors lor IIiL' PLirpose of Coiiip<lliy L1< w aiid TrLlStees Ic)I' tlie piirpose of Cliaritj l.aw. wlio
served diiriiigy tlie yeai',Iiid lip to tlie dc1tL of tli is report are sLt oiil beloii. Direitors LoiitiiiuL to iinpleineiit tliL' 6 year
fi.xed tLriii t.or Directors £15 passed iii a Bocord Rcsollltioii d
ADVENTURE PLUS
TRUSTEES, REPORT
FOR THE I'E.IR ENDF.D 31 DECEIIBER 2024
Management Structure
Ade1]lL11-e Plus {A+) is goven)ed by ci Board of Directors. a% outlined above. The ExecLltive Director rcports to tlie
Board. Tlie Dii-eLtorsrrrLisl¢es alf also siipported bj. the Compaiiy Secretary, who Loordiiiates DireLtors' Me¢tiii(Is
1nd tli¢ l¢g)al aspLLts ot-tliL CoiiipcinJ'rrrLlSt.
Tlie Directors tliaiik the statT li lio liave woi'ked hai'd to Ir! lo Inaiiilaiii ilie feasibil itj. of riiiin iiiu Ili¢ fic L ilities
and prok id iiig the b¢iietiL ial Ser iLe to Olir guests aiid tl)e Lli ildreii and j'oiiiig Ople ith wlioiii we engiagJe.
Trustees/ Directors
There were ¢lit}iiues to tlie b<i¢lrd as noted above. New ti'iistees/d ireLtors 11re recriiited bj, re¢oinineiidalioii by other
trLisILes' niLlst be 0.er 114 y¢ars old. Iiiust iiot liae beeii prev iOLislJ disqLiali tied fi'oiii beingy a Ii'tislee of A+ ciiid IllLlSt
SLibs¢ribe to A+'s Stateiiieiit of Bel iefs. Ti'LlStees 1( re appoiiited at aiiniial geiiei'al IneetinyJs foi. ¢1 fil I I lerin oi.. i t"
otlierwise appoiiited. w il I vaLc1t¢ Il)eii' orrice at the end of Ilie iiext aiiiiual gyeneral Ineetillgy £lt'lLI' beiiigy appoiiited.
Financial Results
J'he fiiiaiicial resiilts sli0. totlc l aniilial inLoine iii ?0?4 of £894,391 as coinpared witli ?0?3 of £ l.Oi8.143 (a
redLlCtioii of 15.5 % ). wliile expeiiditiire lor ?074 ot £1,089,765 <QS Loillp<2iTd w itli ?0? 3 of £953 ? 81 (ali iiiLreti%e
of14.3 % }. Tliis le<lds to <2 dcfiLIt of £195.374 iii ?0?4. as Loinparcd witli cq iiet SLirplLlS Ot"£104.86? jii ?0?3. 111
Ilie J'ear. depreL i
ADVENTURE PLUS TRUSTEES, REPORT FOR THF. IF..IR ENDED 31 DECENIBF,R 2024 QuickBooks a¢counts package Tlie cliarity uses tlie Qu ick. books accounts package to keep a live record of all inconie aiid OLltgoings and pa'rOll. It is aLltoinaticall> updated as required by law and by tlie business ot tlie clic1ritJ'. Business Plan Oli the 16 October 2014 Adveiiture Plus Limited piireliased Windmil l Fariii Confereiice Centre (buildiiigs) and 50 aci'¢s of Iciiid for 1 .3in il l ioii. Adveiitui'e Pliis also purcliased W iiidmi I l Farin Confereiice Ceiitre Lim ited (WFC CL) for £ l eacli shal-e (? slii1res iii tot1L I). WFCCL is a ivliolls, owiied siibsid i1( ry of Adventlire Plus and Serves ic S tr¢1di iiij ai'ill i,1t11 aiiy Slirpliis iYI tt covenaiited lo Ilie eliarity. W FCC Loiiliiiiies ti) pr()i'ide aLcoininodation aiid ¢i11eriiigJ t'or coiifereiices t.or adiilts. AdveiitLire PILIS also acqliired iise ol" furtlier adjaceiit 1<liid iii ?018 aiicl is LL)IItIllLllllq Itl) its plaiis to bu ild a state of tli¢ art Adventure Base t.or J'ouiig people w itliiii tlie total 95 c1cres. as fLiiids <2re rele ived. 'fiie fac i lity already lias over l 00 beds iii wooden L<lbins aiid a m¢etiiigldiii iiigy cabiii aloiigF w itli a shower aiid wasli lip bloLk coiiipleted iii 20?3. In ?014 work was Lompleted to place overliead p()wcr l iiies uiidergyroiiiid iii order to opeii lip tlie site for activity faci l ities. Risk Review Tlie trLlStees believe tliat risks are well maiil¢ ged witliiii tlie charitable company. The natLire of tlie work carried out reqLiires a coinpreliensive system of risk assessments togetlier w lili l)ealtli aiid safety policies covei'ing tlie niciny di ffereiil activities pi'ovided for cl ients. We are also regyistered w lili tlie Adi'eiiture ALtivities Liceiisin Service (AALS) wlio iiispeLt OLir risk nianagyeineiit polic ies as part ot" tlle regii lar licence reiiewal process. A+ iiispeLted in Jiilj ?0?5 aiid was g?iven 1L fiirtlier two year licenLe. The ti'iist lil¢ s fill l EiiiplciyLrs' aiid Pliblic L iabil iiy InsLiranLe Lover. ThL TrLlStees <ire not aware of cqliy f Iiiai)c ial risks atfecling tliL Llii1rity otlier thali Iliose noted in tlie Post Balance Slieet Events paragraph above. The cliarity lias no borrowing. Reserves policy Biisiiiess reserves o*"£1 ? 7.431 are beloiv thc pol icy. set by tlie Board of three Inoiitlis, operatioiial oiitgyoings, a5 r¢coinineiided by the Cliarity Coinim ission. ThL Cliarity lias sigiii IIci1nt tixed assets aiid iii 20?4 and ?0?5 'oi'k is oiigoingi to release soine V<olLie froin laiid or buildiiigs wliich are iiot required to deliver the aims and objectives of the Cliarity. It is expected tl)ese <2Ltivities tog7etl)er witli otlier income g7enerating activities wil I iiicre(Ise reserves to a Inore accept<1ble level. The directors will coiitiniie to monitor this closely tliroligh ?0?5, Fundraising Activities Adventure Plus is comm itted to liigyh staiidards w itll regard to fuiidraisiiig activity and has coinplied witli all lai¥s relatiiig to cliarities aiid fuiidri2isiiig. We a clear, lionest aiid opeii about Olir activities aiid fuiid raising reqii ireinents. We are respectful towards all siipporters. aiid with tlie work beiiig carried out to meet GDPR regulations lias recognised oiir stroiig procedures itll regards to fuiidraising iiiforinatioii security. A+ reLeived no complaints abolit our fundraising activities during 20?4. Fuiids are raised througli various Ineans: spoiisored events, applications to graiit making trusts and bodies, represeiitatives of companies knoivn to staff personally. chiirclies i171cli w'e are iiivited to v isit, a ' Donate. page on the i¥ebsite, collection pots oli several shop COLinters. ai)d aniiual cominLinications to all e,Kisting siipporters. We did iiot cold call members ot" the public during ?074. No fundric isiiig activities were carried out on tlie charity's behalf by e,xtemal parties during ?0?4. Page 4
ADVENTURE PLUS
TRUSTEES, REPORT
FOR TIIE I E..IR F.NDED 31 DECF.IIBER 2024
A+ lias not signed lip to aiiy volLintary' fLindraising sclieme or standards however a5 lioted above all oiir
fLindi'aising activities are Larried out to the highest possible standards.
Volunteers
We enjo), sigiii11¢1c ntl J liiiih qLl<11itJ' levels of olL[l71eer support w lili oiii. Lliaritable pro.1$1011. Te<2ni nieinbers joiii
Olir voliiiiteer GAP Progiraiiiine aiid 0er tlie coiirse of ?0?3-4 tliei'e weiy 6 GAP Team Traiiiee-IiistrLILtors aiid ile
weir del ight¢d tliat 4 of tliein deLided to stay 011 t.or a seLoiid Jellr. We 111w beii¢til fr()iii volLinteei' SLlPPOrt i¥'iili
tlie cidin iiiisti"Ili01111 of oiir cl
ADVENTURE PLUS EXECUTIVE DIRECTOR'S REPORT FOR THE IEAR EIDED 31 DF.C.EIIBER 2024 Strategic Direction: Adventiire Pliis (A+} continues to encourage and inspire several hundred cliildren and yoiing people each year - and l am delighted to report that we have been able to complete Phase One of our Adventure Base development.. provision of Affordable. Accessible Accommodatioii. More details of this uiiique adventure youthivork development can be found on oiir website. AdventurePIus A+ delivers foLir main approaches to Adventure Youthwork: Group Adventures: This is tlie largest section of A+ activity. delivering adveiiture activities for schools, youth groups and DLike of Edinburgh (DotE) expeditions. We were able to run over 200 eveiits plus regiilar weekly school based activities in 2024. We worked w ith over 7.000 children aiid young people througli the year aiid Consistently received positive feedback from chi Idren. pareiits and group organ isers alike. We continued to support Broadway Academy in Aston. inner-Birmingham. amongst an exceptionally higli proportion of Asian studeiits who might not otherwise access these experieiices. A+ has helped Broadway Academy to develop their outdoor education programme siiice 2015 with provisioii of expedition trainiiig aiid assessment for an expanding DofE operatioii aiid tlirougli 20?4 oiir support coiitiiiued with advile, coacliing and leadership at a gyrowing niimber of events and coiitinued to work with them to develop prograinmes at their own adventure facility near WorLester, A+ Gap Year: Sion Lewis continues to leaders our GAP Year programme as part of our Training departineiit headed by Graham Marshall. Tl)is investmeiit in traiiiee instructors is a key aspect of our work, prov iding continuity of conlact aiid training for young adults and others who may want to explore a career break. We were deligFlited tl)ai 4 of OLir 6 G1( P Teaiii elected to staj oli t'or l< seLond year, ii)cluding Rhoda Roberts MA. our Conservation and Laiid Manageinent Intern. All of these team meinbers contribiited sigiiificaiitly to our 'Adveiiture Youthwork. provision and were in turn both cliallenged ai)d further equipped for their 'iiext chapters,. Total Adventure Holidays: Once again we hosted our Total Adventiire Holida (TA) for ind iv iduals, iii tlie suminer at our new Adventure Base here at Wiiidin i I I Farm. The Easter and summer events provided mucli needed support and encourageineiit lo over 250 children and young people in 2024. The theme for our eveiiing talks, as selecled by our Gap Team in 2024 was taken from Isaiah 40: 28- 31: 'Those who hope in the LORD will renew their strength. They will soor on wings like eagles,. they will run ond not grow weary, they will walk and not be faint" Soar Ak,86 'Adventures iii Worship, was repeated for a tliird year. The coinbination of Christian music workshops and outdoor adventures proved once again to be a real blessing to the young people who att¢i)ded as well as the amazing leaders aiid music tutors wlio volunteered to support the event. We were deliglited to be back in Lauterbriinnen again in February Half term for our annual %ki A+ event in the stunning Juiigfrau Region of Switzerlaiid. Adventure Impact (Aim): Alda Porter joined the team to Coordinate and grow our specialist unit working with young people referred to A+ .IiJl, Page 6
ADVENTURE PLUS EXECUTIVE DIRECTOR'S REPORT FOR THF. I'E.IR ENDED 31 DECEIIBER 2024 during term time, maiiy of whom are disadvantaged through poverty. emotioiial and beliaviour difficulties or disabi lities. We are del ighted to continiie our long term relationship in ?0?4 for childrei) based at the large SeLondary' Scliools iii Witney.. Wood Cjreen and Henry Box Scliools; and local priinary scliools includiiig The Blake Scliool. To¥¥er Hill Scliool and Mu Iberr). Biish, a specialist 5cliool for vuliierable and severely trauinatised priinary aged children.aiid another specialist charity: Man and Boy. We liave also coiitiniied to encolirage children in the care of Saiidwell House, based locally in Alvescot. and have continiied to provide OLir own Fam i ly Adveiitiire Morri iiigs for faini l ies ii) tlie IocEt l area ivitli particii Icir needs. Feedback from the young people. parents and the referrers coiitinues to be very positive especially wlien the yoiiiig people achieve AQA awards through their time with us. Adventure Base: vthfJiAFD • AdventurePIu5 MASTER PLAN FOR ADVENTURE BASE S¢410 1.1250 at Al 13th Nlrch 2019 I ncreasingly varied adveiiture programmes from Olir site iiieliides InOLllltlc iii bike Tricky Trail, slaLkl ining and bushcraft 111 OLir copse aiid 2< growiiig progr(imine of coiiservation activ ities inLliid iiig tree plaiitillg7 aiid tield work sessioiis for schools. We also beiiefit froim local access to the Upper River Thames for Canoeing and k<2yakiiig and Stand-up Paddleboardiiig - oiir newest activity whicli proved very popular in ?0?4 Witli Phase l of tlie Adveiiture Base now complete: Affordable Accessible AcLoinmodation in our unique 'Tiinber Yurt Village and 'Timber Cabiiis, over l 00 children and yOLiiig people can now stay. overiiiglit oli site and benefit from the residential experieiiLe as well as tlie adventure activ ities. The Adventure Ba.se is already significantly increasing the nLimber of yoiing people A+ can reach and encolirage each year. A+ Hospitality can offer a warm welcome to adult groups (Training, Charity, CIILirch, Community, Families & Corporate) in our residei)tial centre w ith twin en-sii ite rooms for lip to 56 guests. A+ is able to provide activities for Page 7
ADVENTURE PLUS EXECUTIVE DIRECTOR'S REPORT FOR THF. IT.,IR ENDED 31 DF.CF.NIBF.R 2024 these groups as required. This has proved popular with visiting teams wantii)g a break from meetings, and to enjoy some friendly competitioii on the archery range, and team cliallenges for corporate maiiagement trainiiig. An). surplus at the end of the operatiiig year goes directly to support the charitable work of A+ Adult delegates and families stayiiig at Windmill Farm also become aware of tlie opportunities available at A+, raising the profile of our work amongst our guest who cali then book childreii onto our suminer camps and other A+ events A+ Flospital ity.. A+'s purchase of Wiiidmill Farin laiid. buildings and business continues to t"urther the aims and objectives of tlie chcirity. This iiic liides tli¢ neigliboLiriiig 5-Bedi'ooin Lower Farm, whicli olyers stand-c1101)e accommodatioii for families or smal I groups on retreat Fundraising: Jon Cox Lontiniies to spearhead oiir fund- raising and Inarketiiig focus, supported by Rutli BiddLilph along witli a coininitted voluiitary fund raisiiig team. who share roles iiicludiiig: research ing potential doiiors and trusts; aild writing appl icatioiis and thank you letters. After successfiilly raising £1,500.000 in three years to purchase the land and accommodation. and completing our Affordable Accominodatioii in 2023. fund-raising efforts in 2024 focused on sustainiiig tlie activity programme. iiic luding replac ing 2 of our ageiiig Ininibuses and provision of new activities on site for our young people. The big project tliat will Inark tlie start of Adveiiture Base.. Phase 2 wil I be the certaiii of the Adveiitiire Lake aiid The H ill aiid research and preparatioii for this has now begun and in tlie meantime new activities being prepared include: Octoball, a robust. outdoor 9 Square arena aiid a realistic (poured concrete) climbing Boulder. A+ hosted our 8, Witiiey2Westminster Canoe Challenge in May. 24 canoeists paddled from the coiifliieiice of the River Windrush, south of Witney, to The Londoii Eye and we were gratefiil to the Southbank Centre for allowing our paddlers to get otT tlle river at JLibi lee Pier. Th is eveiit raised £30,000 towards A+ fuiids. Jon Cox clocked up 1,000 miles of Witiiey2Westminster across all 8 eveiits, when we pu Iled int() oiir last overniglit stop at Teddington Sea Cadets and raised £ l 0.000 in 5ponsorsliip. Challenge 'OI+' Page 8
ADVENTURE PLUS EXECUTIVE DIRECTOR'S REPORT FOR THF. IE.4R EJDED 31 DECEIIBER 2024 Marketing: Sara Martin continues to lead our marketing. Focusing on Social Media, our annual Plus Points Newsletter and Christmas Appeal Oiir profoui)d thanks go to the following trusts. companies. organisations and churches for their generous support of Adventure Pliis which has beiiefitted oiir work in ?0?4.. Charitable Trusts and Communi -lie MÉltl)iiJoi'Ls W iliiLN Iiiter CliurLli % iiigJ¢i's The P¢iiu¢l Triisl C Ic?iifiL'ld Woiiieiis I nstitllte S lai aiik'a Triist Clic21'ilies Ti'LlSt anisations 'l-he GraLe 'l-I'iisl Tlie (Jive All Ch2( rit De() Gloi'ia TrLisI St Jaiiies 1)1IcL Foiiiidatioii (Jood NL'WS F.£71]ll¢lla l M isSlC)n Beiief<lLI Triist Churches Ply iii()Iiili Meiliod 1st C'liiirLII A I l %0111s Q'IILlI-Lli, lJ¢iiigliain PlclLe St M¢1ry s Cliiirch Cobgyes Oxford Diocesan Outreach FLiiid Com anies Mulberry Foster Care Peter Smith and Sons Hobdei) GroLIP Finance: At thc end of ?0?4 it is good to see tliat so Inucl) hard work from across the teaim in a nliinber of areas has paid in so maiiy ways. We are thaiikful to liave Tiin de Borde of N Liinbers Ltd on team to manage our finaiices with tlie assistance of Flaniiah Bailey, our Bookkeeper (plt) and volunteer Jeii Osinan. The team also keep up to date with so maiiy 'tliank yous. to our generoLlS individual aiid corporate donors as well as donations from charitable triists. My sincere thanks to all of tliein for continiiing to manage a well organised fiiiance operation. whicli enables our wider team to coiitiiiue to bring life-Lliaiigiiig encourageineiit to over 7,000 cliildreii and youth from d iverse bc2LkgroLinds witli widely varying needs. Page 9
ADVENTURE PLUS EXECUTIVE DIRECTOR'S REPORT FOR THE IEAR EIlDED31 DECENIBER 2024 Youthwork in the local community: during the autumn and spring term A+ continues to host a weekly Adventure Club for children aged 8 and over. Adventures change every few weeks so the young people get to have a go at Imany of our activities, and it is a great way to keep in touch with cliildreii wlio 'came on camp. in the summer. The A+ Canoe Club contiiiues to welcome a regular band of paddlers in the suinmer months Directors A+ benefits from tlie combined expertise and support of a superb team of Directors tlirough the year: Mr Briaii Foxton (Retired Cliair); Group Engineer- London Borough Hackney Highways. (Stepped down 24 June 2025) Accord Investment Partners Ridge and Partners - Surveyor V P Coininercial Enableiiieiit Acadciiiic Lawyer- Uiiiversity of Plymouth (Stepped down 24 June 20?5) Director and founder of Rokwell Partners Ltd (Interiin Chair froim 24 JLine 2025) Music Director, Oxford (Appointed 25 June 20?5) Registered Niirse (Appointed 25 Jiine 2025) Mr Sam Breui)iiig Mr James Cookson Mr Andy Field Mr James Gould.. Mr Mark Hellawell (Interim Chair) Ms Lucy Downer Mrs Jenni Dilliway-Davies l join al I tlie team at A+ in tliankii)g7 oiir Directors for their SLlPPOrt in so maiiy ways throughout 2024. We are so grateful for the siipport, encouragement ai)d endorsement of our Patrons: Jeremy Vine Reverend Canon David Winter Jo Gainbi The Most Reverend Dr Ben Kwashi OON of Jos, N. Nigeria The Right Reverend Dr Steven Croft of Oxford Finally, I concluded last year with a quote from a youth leader whose group stayed al the Adventure Base and benefited from our Affordable Accessible Accommodation. This year l am pleased to share feedback from the mother of a 16 year-old cainper at Total Adventure 'Peak' Holiday.. "My son had a fantastic time as a first time camper. He has made friends and had an amazing active week out in creation (away from devices). He loved joining in with the worship band and the team were all fantastlG. Keep it up and thank youl" Jonathan Cox Executive Director 2025 Page10
ADVENTURE PLUS INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF ADVENTURE PLUS FOR TIIE I"E.IR F.NDF.D 31 DF.CEIIBER 2024 Opinion We have audited the coiisolidated fiiianc ial statements of Adventlire Pliis for the year ended 31 December ?024, Ivhich coinprise tli¢ GroLlP Statemeiit of Fii)an¢ial Activ ities, Charity and Group Balaiice Sheets, Chairty and Groiip Cash Flow Statements aiid the related notes, includiiig a summary of sigiiificaiit aLLoiiiiliiig policies. The fiiiancial reportiiig fraineivork tliat has beeii appl led iii tlieir preparation is Uniled Kiiigdom Accounting Standards. COlTtpi-isiiig Charities SORP- FRS102 "The Finaiicial Reporting Standard applicable in tlie UK and Republic of Ireland. and applicable law (United Kingdom Geiierally Accepted Accollllting Practice). li) our opiii ion tlie fiiianc ial stateiiients.. give a true and fair view of the state of the groiip s and the parent charity's affairs as at 31 December 2024 aiid of the group s incoming resources aiid application of resources, incSudiiig its incoine and expend iture, for tlie year then elided: have been properly prepared in accordaiiLe witli Un ited Kingdom Geiieral ly Accepted Accouiitiiig Practice. and have been prepared in accordance witli tlie requirements of tl)e Cliarities Act 2011 . Basis for Opinion We coiidiicted oiir audit in accordance witli I nternational Standards oli Auditiijg (U K) (I SAS (U K)) and applicable law, Our respoiisibilities linder those staiidards are furtlier described in tlie Aiiditor s respoilsibilities for the audit of tlie fiiianc ial stateineiits sectioii of OLir report. We are independeiit of the cliarity in accordance with tlie eth iLal requirements tliat are relevant to oiir aLid it of the tiiianc ial stateiTJents in the U K, IllLILiding tlie FRC'S Etliical Staiidard as applied to publ ic iiiterest entities. and we have fill filled oiir other etliical respoiisibilities in accordance witli tliese reqLiirements. We believe tliat tlie audit evideiice we liave obta iiied is sutyicient aiid appropriate to provide a basis for our opiii ioii. Conclusions relating to going concern I n auditiiig tlie financial stateinents. we have concllided that the trustees use of tlie going concern basis of accounting ii) the preparatioii of tlie finaiicial stateineiits is appropriate. Based on tlie work we have performed, we have not identified any material uncertainties relating to eveiits or coiiditions tliat, individiially or col lectively, Inay cast significaiit doLibt 01) tlie charity's abil ity to coiitiiiue as a goiiig concerii for a period of at least twelve montlis from when tlie original financial statemeiits were aiithorised for issue. Our responsibilities and the responsibil ities of tlie triistees with respect to going concern are described in the relevant sectioiis of this report. Page11
ADVENTURE PLUS INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF ADVENTURE PLUS FOR TEIE I'E.IR ENDED 31 DECEIIBER 2024 Other Information The trustees are responsible for the other informatioii. Tlie other information comprises the information incliided in tlie trustees report, otlier than tlie finaiicial statemeiits and our aiiditor's report tliereon. Our opiiiioii on the financial statements does not cover the other inforillation and, except to the exteiit otherwise explic itly stated iii our report. we do not express aiiy form of assurance conclusion tliereon. In coni)ection with OLir aiidit of the financial statements, our responsibility is to read the other information and. in doing so, coiisider wliether tli¢ other inforination is Inaterially inconsisteiit with the financial stclteineiits or OLir knowledge obtaiiied iii the alidit or othei'wise appears lo be Inatcrially misstated. If we ideiitify such material inconsistencies or appareiit material m isstatements. we are required to detemiiiie wliether there is a material m isstateinent in tlie fiiiancial statements or a material misstatement of the otlier information. If, based on the work we have perforined. we conclude that there is a Inaterial m isstatemeiit of this other information. we are requ ired to report that fact. We have notliing to report in this regard. Matters on which we are required to report by exception I li the light of our kiiowledbie aiid iinderstai)d iiig of the charity and its enviroiiinent obtaiiied iii tlie course of the aud it, we have not identitied material m issiateineiits in the Trustees Report. We have nothing to report iii respect of the following matters where the Charities (Accounts and Report) Regulations 2008 requires us to report to you i f, in our opiiiion: adequate accouiiting records have not been kept. or returns adequate for our audit liave not been received from branclies iiot visited by us. or the fiiiancial slateiTJeiits are not in agreement witli tlie accounting records or returiis; or certaiii disclosiires of trustees remiineratioii specified by law are not Inade. or we liave not received al I tlie information and explaiiatioiis we reqiiire for our audit. Responsibilities of the trustees As explained Inore ful ly in the trustees responsibil ities stateineiit (set out oli page 5), tlie trustees are responsible for tlie preparatioii of the finaiicial stateinents and for beiiig satisfied tliat they give a true and fair v iew. and for such iiiternal coiitrol as the trustees deterin iiie is necessary to eiiable the preparation of fiiiancial stateinents that are free from material misstatement, wlietlier due to *"raLid or error. I n preparing the financial statements, the trustees are responsible for assessing the charity's ability to contiiiue as a going concern, disclosing, as applicable, matters related to going concern and using tlie going concern basis of accounting un less the trustees either intend to l iquidate tlie charity or to cease operations, or have no realistic alteriiative but to do so. Page12
ADVENTURE PLUS INDEPEIYDENT AUDITORS, REPORT TO THE TRUSTEES OF ADVENTURE PLUS FOR TIIF, IT..IR F.NDF.D 31 DF.CF.NIBF,R 2024 Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whetlier tlie fiiianc ial statements as a whole are free froin material misstatement, whether due to fraud or error. and to issiie ali auditor s report that includes Olir opinion. Reasonable assurance is a liigli leve l of assurance, but is not a giiaraiitee tliat an audit Loi)diiLted iii aLcordaiice itli ISAS (UK) w ill always detect a material m isstatemeiit wlieii it exists. Misstatements Laii arise trom fraLid or error and are considered Inaterial if. iiid ividually or in tlie aggregate, tliey could reasonably be expected to influence tlie economic dec isioi)s of users taken on the basis of these finaiicial stateineiits. Tlie extent to ivliicli oiir procediires are capable of detecting irregLilarities, incliidingF fraiid is detai led beloiv.. Our assessment fociised on key laws aiid regulations tlie cliarity has to coinply witli aiid areas of the finaiic ial staleiiieiits we assessed as being Inore siisceptible to Inisstateineiit. Tliese key laws and reglilatioiis incllided but were not l iinited to compliaiice witli the Charities Act 201 I, United Kiiigdom Generally Accepted Accoiiiitiiig Practice and relevaiit tax legislatioii. We are not respoiisible tor preveiitiiig irrebFLilarities. Our approach to detect irregiilarilies iiic luded. bLIt was not lim ited to. the fol lowiiig.. obtainingy an Liiiderstandiiig of tl)e charity's polic ies and procediires aiid liow the cliarity has complied with these, tl)roLlg71i d isciissioiis c11id sample testlllgF of coiitrols: obtaiii ingi an understaiidiiigy of tlie legal aiid regu latory framework appliLable to the charity aiid how tlie charity is complyiiiby with tliat frainework; ali uiiderstai)diiigy of tlie charity's risk assessment process, iiicludiiig the risk of fraLId: desigyiiing OLir aLidit procedures to respond to our risk assessment: and perform ingy aLidit work over tlie risk of Inanagemeiit override of controls iiicliidiiig testiiig of jOLiriial entries and other adjLlStineiits for approprialeiiess, evaluatiiig the business ratioiiale of sig711ificaiit transactiolls OLltside the norinal course of busiiiess aiid reviewing estimates for bias. Whilst coilsideriiig liow oiir audit work addressed tlie detection of irregularities, we also coiisider tlie likelihood of detection based on oiir approach. Irregiilarities arising from fraud are iiiliereiitly Inore di tficlilt to detelt thali tl)ose arisiiig from error. Becaiise of tlie iiilierent l iin itations of an aiid it, there is a risk that we wil I not detect al l irreglilarities, incllidiiig those leading lo a Inaterial m isstateinent in the fiiiaiiLici1 stlc teineiits or noii-compliaijce with regulic tioii. This risk increases the more tliat compliaiice with a law or regiilation is removed froin the events aiid transactions reflected iii tli¢ fiiiaiicial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurriiig due to fraLid rather tliaii error. as fraud iiivolves intentional concealinent. forgery, collusioii, omission, or misrepresentation. A further description of our responsibilities is available on tlie Financial Reporting Council's website at: Tliis descriptioii forms part of our aiiditor s repoit. Page13
ADVENTURE PLUS INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF ADVENTURE PLUS FOR THE I"E.IR E)1 DED 31 DF.CF,NIBF.R 2024 Use of our report This report is made solely to the charity's trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. OLir work has been uiidertaken so that we might state to the trustees tliose matters we are required to state to triistees in an auditors. report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for our audit work. for tliis report, or for the opinions we have forined. MJ Wright FCA (Senior Statutory Auditor) For and on belialf of Jiist Alidit & Assiirance Ltd, Statutory Auditor 37 Market Square Witney Oxfordsliire OX28 6RE Date: Just Audit & Assuraiice Ltd is eligible for appointment as auditor of the charity by virtue of its eligibil ity for appoiiitineiit as auditor of a company under se¢tion 1212 of tlie Coinpanies Act 2006 Page14
ADVENTURE PLUS GROUP STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE I"EAR F.NDED 31 DECF.NIBF.R 2024 Notes Unrestricted Restricted Total Total Funds Funds Funds 2024 Funds 2023 INCOME Donations and legacies Grant incoine Cliai'ilcible 1¢ Clivities Investinenl incoine Other incoine Trading incoine of subsidiary 114,483 146,66? 261.145 454,?20 358.579 315 27.554 246.798 J58,579 315 ?7,554 246,798 i07,109 30,161 264,118 Total income 747.729 146,66? 894,391 1.058,143 Expenditure on: Chariiable activities Governance costs TradingF cost of subsidiary 514,770 10,400 309.269 255.3?6 770.096 10.400 309,?69 659.1 ?0 ?8?,911 Total Expenditure 834,439 255,3?6 1.089.765 953?81 NET INCOME / (EXPENDITURE) (86,710) (108.6641 (195,374) 104,862 Subsidiary corporation lax (7,143) (7.143) {7,0001 NET MOVEMEIYT IN FUNDS (79,567) (108,664) (188,231) 111,862 Transfer of Funds (?2,808) 22,808 Reconcil i<ilion of funds Total funds al l January 2024 229,806 3,687,571 3,917,377 3,805,515 Total funds al 31 December 20?4 1?7,431 3,601,715 3.7?9,146 3,917,i77 The Statement of financial activities includes all gains and losse5 recognised in the year. All income and expenditure derive from continuing activitie5. Page15
ADVENTURE PLUS BALANCE SHEET AS.IT 31 DF.C.EIIBER 2024 Notes GROUP CHARITY 2024 2023 2024 2023 FIXED ASSETS Tangible assets Investinents 3,784,369 J,851.174 3.536,181 3.609 ?75 3,784,369 3,851,174 3,5i6,181 3,609.?77 CURRENT ASSETS Stock Debtors Cash at bank in hand 987 199.287 52,417 1,273 226.243 173,547 10 333,471 40,450 324,350 16? 4?3 25?,691 401,063 373.9?3 486,773 CREDITORS: Amounts falling due within one year (?87.914) (308.860) (128.69?) (175,735) NET CURRENT ASSETS (35.223) 92.203 250,831 311,038 TOTALASSETS LESS CURRENT LIABILITIES 3,943,377 3,781.41? 3,9?0,315 3,749,146 CREDITORS: Amounts falling due after more than one year 12 {20,000) (26,000) (15,0001 {21,000) Provisions for liabilities and charges 13 IYET ASSETS 3,729,146 3.917,377 3,766.412 3,899,315 FUiYDS OFTHE CHARITY Unrestricted income funds Restricted income funds 127,431 3.601,715 229,806 3,687,571 164,497 3,601,715 211,744 3,687,571 3,7?9,146 3,917.377 3.766,412 3,899,315 Page16
ADVENTURE PLUS BALANCE SHEET AS.4T 31 DEC.EIIBER 2024 These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reportin(y Standard l O? Section l A sinal ler enlities. Signed on behalf of the board of trusiees Mr Mark Hallewell Truslee/Director - Chair Dale approved by the board.. 22 October 2025 Page17
ADVENTURE PLUS STATEMENT OF CASH FLOWS FOR THF. IT.AR ENDED 31 DECEIIBER 2024 Notes GROUP CHARITY 2024 2023 2024 2023 Cash flows from operating activities Net illcome for the reporting period (as per the SOFA) Adjustment5 for: Depreciation charues Increase in inventory (Increase) I decrease in debtors Protit on the sale of other tangible fixed assets Increase in creditors Taxes paid Net cash generated by operating activities (195,374) 104,86? (132,903) 156,51 229.461 286 26,957 215,009 384 (119,305) 6,123 197,i88 186,i39 (9,121) (247,336) 1,300 1,300 6,123 (26,946) 7,143 1 ?9.998 (53,043) 76,789 42.8?7 337,071 3,6?1 178,426 Cash flows from investing activities: Proceeds froin Ilie sale ol. otlier tanbTible fixed assets Purchase of property, plant and equipment Nei Cash used in inveslingF activities 20,700 2.850 20,700 2.850 (184,657) (621,778) (146,294) {385,018) (163,957) {618,998) (1?5.594) (382.168) Net increase in cash and cash equivalents (121.130) (28 5,857) (121,973) (203,742) Cash and eash equivalents at the beginning of the year 173,547 455,404 162,423 366,165 Cash and cash equivalents at the end of the year 52,417 173,547 40,450 162,423 Page18
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THF. IEAR ENDED 31 DECENIBER 2024 GEIYERAL INFORMATION Adventure Plus is a reuistered charity and company limited by guarantee incorporated in England and Wales. Its registered office and principal 0ce is.. Adventure Plus Main Street Clanfield Bamplon Oxon OX18?SN The financial staleimenis are presented in Sierl ing. which is the functional currency of the Charity. The charity is a publ ic benefit entity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS of preparation of the financial statements These financial siateinents have been prepared in accordance with the Accounting and Reporting by Charities.. Sialemenl of Recommended Practice applic<ible lo cliarities preparing accounts in accordanc¢ with the Financial Reportingy Siand8rd 102 Section l A sinaller enlilies, the Companies Act 2006 and the Charities Act 2011. Group financial statements The financial statements consolidate the results of the charity and ils whol ly owned subsidiary Windmil l Fann Conference Centre Liiniled on a l ine-by-line basis, A separate Statement of Financial Activities and Inconie and Expenditure Account for the charity has not been presented because the charity has taken advanlagye of the exeinption by s.408 Companies Act 2006. Incoming resou rces Voluntary incoine donations, gifts, legyacies and grants Ihat provide core funding or are of a general nature is recognised when the Charity has entiileinenl lo the income, it is probable that the income will be received and the amount can be measure with sufficient reliability. Income from trading activities has been included in incoining resources in the period in which the relevant event takes place. Page19
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THE IT.,IR ENDED 31 DECEIllBER 2024 STATEMENT OFACCOUNTING POLICIES (continued...) Grants Grants and donation are only included in the Statement of Financial Activities when the charity has unconditional enlitleimenl to the resources and are treated as restricted or unrestricted incoine in line with the donor's inslruclions. The company received total grant income of £0 (2023 - £0). Donated goods, facilities And services During the year. a donor has offered the Ch1[ rity the use Df a property within Clanfield village lo house some of our meinbers of slaty. The property has been provided on a peppercorn rent. Expenditure All expenditure is recognised once there is a legal or conslruclive obligation to thai expendilure, it is probable settlement 15 required and Ihe amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly altribuled to particular headings they have been allocated on a basis consistent w ith the use of resources, with central staff costs allocated on the basis of lime spent, and depreciation char¥es allocaied on the portion ot the asset's use. Other support costs are allocaied based on the spread of staff costs. Costs of charitable activities are expenses directly incurred in achieving the objectives of the charity. Govemance costs include those incurred in the governance of the charity and ils assets and are primarily associated with constilulional and statutory requirements. Tangible fixed Assets Tangible fixed assets costing more than £500 are capitalised. Fixed assets are stated al cost less accumulaled depreciation. Depreciation has been provided at the following rates so as to wrile off the cost less residual value of the assets over their estimated useful lives. Land and buildings Motor vehicles Computer equipment Fixtures, fiitingy5 and equipment Tenant improveinenis Sir8ight line basis ai 2.50/0 to l O % per annum Straight line basi5 at 250/0 per annum Straight line basis at 200/0 per annum Straight line basis at 200/0 per annum Straigyht line basis al l O % per annuin Page 20
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THE I E.IR F.NI)ED 31 DECENIBER 2024 STATEMENT OF ACCOUNTING POLICIES (continued...) Investments Investments in subsidiaries are shown al cost less accumulated impairment losses. Leases Rentals applicable to operating leases where substantially all of the benefits and risks of ownership reinain with the lessor are chargTed lo the income and expenditure account on a straight line basis over the lease tenn. Payiiienls rcceived under operating leascs al'e recogJnised as incoiiie over the Icase ILrn) on a Slrai(T Tax#tion The charity is an exempt charity within the meaning of schediile 3 of the Charities Act 201 l and is considered 10 pass tests set out in Parag7raph I Schedule 6 Finance Act ?0 l O and Iheretore meets the defin ition of a charitable coinpany for UK corporation tax purposes. Being a registered charity, the charity is not l iable lo taxation on its incoine. The subsidiary meets the definition of a trading business and therefore is liable to taxation on its income. The subsidiary taxation expense represents the aggregate amount of current tax and deferred tax recogni5ed in the reporting period. A current tax liability is recognised for the lax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current lax asset is recognised in respect of a tax loss that can be carried back to recover lax paid in a previous period. Deferred tax is recognised in respect of all liiningy ditTerences between the recogynition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and oiher deferred lax assets are recogynised only to the exlenl that it is probable Ihat they will be recovered against the reversal of deferred lax liabilities or other taxable profits. Deferred lax is measured using lax rates and laws that have been enacted or substantively enacted by the reporting dale and that are expected to apply to the reversal of the lim ing difference. Current and deferred tax assets and liabilities are not discounted. Stock Stock has been valued ai the lower of cost and net real i5able value. after making due allowance for obsolete and slow- moving items. Cost coinprises the cosi of goods purchased valued on a first in first out basi5. The carrying amount of stock sold is recognised as an expense in the period in wh ich the related revenue is recognised. Page 21
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR TFtE IEAR EIDED 31 DF.CEIIBER 2024 STATEMENT OF ACCOUNTING POLICIES (continued...) Financial instruments The charity only enter5 into basic financial instruments trnnsaclions that result in the recognition of financial assets and liabilities like trade and other aLcounis receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets are measured al cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impaimient is found, an impairment loss is recognised in the statement of financial activiiies. The iinpairmenl loss for financial assets measured al cost is Ineasured as the difference between an asset's carying ainounl and the besl e51iinale. which is an approximation, of the amount that the chariiy would receive for the asset if it were to be sold at the reporting dale. Financial assets and liabilities are offset and the net ainounl reported in the balance sheet when there is an enforceable right lo sel off the e0nised amount and there is an intention lo settle on a nel basis or lo realise the asset and seiile the liabi lily siinultaneously Impairment of non-financial assets At each reporting dale non-financial assets not carried ai fair value, like goodwill and plant. property and equipment, are viewed lo determine whether Ihere is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable ainount of any asset or group of related assets (which is the hibher of value in use and the fair value less cost to sell) is esiiinaied and compared with ils carryingy amount. If the recoverable aimounl is lower. the carryingF amount ot the asset is reduced to its recoverable ainounl and an impairnieni loss is recognised immediately in the statement of financial activities. Stocks are a150 assessed for impairment at each reporting dale. The carying amount of each item of stock, or group of similar items, is coinpared with ils s¢llinb price less cost to complete and Sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs lo complete and sell, and an impairnienl Ioss is recognised immediately in profil or loss. If an impaimient loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised eslimale of its recoverable amount. but not to exceed the amount that would have been detennined had no impaimient loss been recognised for the a5sel, or group of related assets, in prior periods. A reversal of an impaimient loss is recognised immediately in the statement of financial aclivilies, Page 22
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THE I'E.IR ENDED 31 DEC.ENIBER 2024 STATEMENT OFACCOUNTING POLICIES (continued...) Debtor5 Short lenn debtors are measured at transaction price. less any impairment. Creditors Short terni trade creditors are measured at the Iransaciion price. Other financial liabil iiies, including bank loans, are measur¢d initially al fail. I'alue, net ol. Ii'ansaciion costs, and subsequcnlly al anioitiscd cost. Funds General funds are unrestricted funds which are available for use at the discretion of the Iruste¢s in furtherance of the general objeciives of the chariiy and which have not been desigJnaied for other purposes. Designated funds comprise unrestricted funds that have been set aside for specific purposes at the discreiion of the trustees. Restricted funds are funds wh ich are to be used in accordance with specific restrictions iinposed by the donors or wh ich have been raised by the chariry tor particular purposes. Legal status of the charity The charity is a coinpany limited by guardnlee and has no share capital. In the event of the charity being wound up. the liability in respect of the guarantee is liiniled to £ I per meinber of the Charity. Pensions The conipany opei'ates a dcfined contribution peiision scl)eme. Tlie ainount chc1ri)ed to the profit and loss account in respeci of pension costs and other post-relireii)ei)I benefits is the ainount payable in the year. Differences between contributions payabl¢ and conli'ibutions actually paid in the year are shown as either accruals or pi'epaymenis in tlie balance sheet. Page 23
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THF. IEAR ENDED 31 DECENIBF.R 2024 INCOMING RESOURCES None of the company's income is attributable to geographical markets outside the United Kingdom. The incom ing resources included on page 15 consist of the following sources of income. 2024 2023 Unrestricted income: Donations and legacies Donations and legacies 114,483 133,71? Grant income Charitable aetivities AIM MAP Total adven¢ur¢ DISTIL 82,114 195.185 65,633 15.647 36.297 192.452 59,464 18,896 358,579 307,109 Investment Ineome Interest receivable and sim ilar income 315 2,535 Other income Rental income Other income 17,068 11,508 4,903 25,258 28,576 30,161 Trading income from Subsidiary 246.798 264.118 748,751 737,635 Restricted income: Donations and legacies Donations and legacies 146,662 3?0,508 Total income 895.413 1,058,143 Page 24
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THF. I'E.IR ENDED 31 DECE,NIBER 2024 EXPENDITURE The resources expended inc lude on page 15 consist of the following sources of expenditure: 2024 2023 Unrestricted expenditure: Charitable aetivities Discounts taken Reiil and rates Housing? and site expenses Insurance Wages and salaries Aclivity costs Repairs and maintenance Volunteer expenses Telephone and fax Printing, posla&Fe and stationery Trade subscriptions Sundry expenses Motor expenses Publicity <ind fundraising S¢lt-Eiiiploy¢d Personnel Legal and prolessional fees Accountancy fees Bank charg7es Donations 1.336 4.900 15,007 9,5?6 309,16? 64,972 16,80? 16.?65 6,604 290,100 47,8?5 16,0?3 1,077 1,616 3.160 4,8?4 4,)75 30,587 5,688 1,690 2?4 5,519 6.165 4.61? 5,0?5 5,8?9 41.368 6,316 650 1,616 19,815 1.240 514,770 443.268 Governance costs Govemance costs - audit Governance costs - annual accounts 7,750 8,750 2,650 2,500 Trading cost of subsidiary 309.?69 ?82,911 834,439 737,429 Restricted expenditu re Charitable activities Wages and salaries Activity costs Accountancy Fees Repairs and Inaintenance Publicity and fundraising Depreciation Loss/{protil) on sale of other tangJible fixed assets 4?,456 2,?19 2,000 4,358 5.605 197,388 1,300 31.400 3,445 950 186,180 255,326 215,85? Tol#1 expenditure 1,089.765 953?81 All expenditure for the subsidiary, includinu depreciation, is included under the heading Iradin(T Cost of subsidiary. Page 25
ADVENTURE PLUS IYOTES TO THE FINANCIAL STATEMENTS FOR TFIE IEAR EINDED 31 DF.CEIIBER 2024 EMPLOYEES The average number of persons einployed by Ihe charity and its subsidiary (including trustees) during the year was- 2024 2023 23 28 Average number of employees STAFF COSTS 2024 2023 Staff costs for the Chariiy during the year amounted to.. Salaries and wages Social security Costs Pension conlributions 451,167 29.175 18.861 435,124 26,498 17,794 499,203 479,596 Included in the trading costs of the 5ub5idiary were staff costs as follow5.. Salaries and wages Social security Pension contributions 136,112 8,997 ?,476 145,752 9,300 3,044 147,585 158,096 No employees received emoluments ofinore than £60.000. No trustees received any remuneration during the year or received any other benefits from an employment with the charity or a related enlity. KEY MANAGEMENT PERSONNEL REMUNERATION Key management personnel remuneration for the year amounted to: 2024 2023 Salaries and wages Pension 54,174 6,762 51,477 6,153 60.936 51,477 Page 26
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THE I'EAR ENDF.D 31 DF.CENIBER 2024 TANGIBLE ASSETS GROUP Land and building5 Motor vehicles Other fixed assets Total Cost At l January 2024 4.077.077 89,175 454,904 4,6?1,156 Addiiions 100.044 24.?50 38.363 162,657 Disposals At 31 Deceimber 2024 4,177,121 113.425 49j ?67 4,783,813 Aceumulated depreciation Ai l January 20?4 Charge for the year Disposals 554,611 41,473 173,898 769.98? 159,?66 24,28? 45,913 ??9,461 Al 31 Deceinber 2024 713,877 65,755 ?19,812 999,444 Iyet book value Ai l January 2024 3.5??,466 47,70? ?81.006 3,851,174 At 31 December 2024 3.463,244 47,670 ?73,455 3.784,369 Included in other fixed assets are computer equipment, fixtures, fittings and equipment and tenant improvements. Page 27
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THE I'E.4R ENDED 31 DF.CEIIBER 2024 TANGIBLE ASSETS {¢ontinued...) CHARITY Land and buildings Motor vehicles Computer equipment Fixtures, fittings and equipment Total Cost At l January 20?4 Additions 4.077.077 89.175 19,545 116.476 4,302,273 100,044 ?4,250 124,294 Disposals Al 31 December 2024 4,177,121 113,425 19,545 116,476 4,426.567 Accumulated Depreciation Al l January ?024 554,611 Charge for year Disposals Al 31 December 2024 41,474 19,545 77.368 692,998 159.266 24,281 13,841 197,388 713,877 65,755 19,545 91.209 890,386 Net book value At l January 20?4 3.522,466 47,701 39.108 3,609,275 Al 31 December 2024 3,463,244 47,670 25,267 3.536.181 In 2023, included within land and building additions is a donation of Lower Farni and a5s0ciaied land lo the Charity. This was valued at £1,500,000 based on other properties in the market as a professional valuation had not been obtained. Page 28
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THE I'EAR EJDED 31 DF.C.EIIBF.R 2024 FIXED ASSET INVESTMENTS GROUP I nvestment in subsidiaries CHARITY Investment in subsidiaries Cost At l January 20?4 At 31 December ?0?4 Net book value Al l January 20?4 Ai 31 Deceinber 20?4 Adventure Plus owns l OOO/o of the issued share capital of lis subsidiary Windin ill Fami Conference Cenire Limited, a coinpany registered in Engyland and Wales. The subsidiary's registered office is Windm ill Farm Conference Cenlre, Main Sti'eel, C lanfield, Bainplon. Oxfordsliire, OX18 2SN. io DEBTORS GROUP CHARITY 2024 2023 2024 2023 Trade debtors Prepayments and accrued incoine 011)er debtors 158,156 210,316 53,726 114,?48 31.582 13,523 29,685 6,141 9,549 2,404 250,060 ?03,964 199 ?87 2?6,243 333,471 324,350 CREDITORS: amounts falling) due within one year GROUP CHARITY 2024 2023 2024 2023 Trade creditors Ta.xation and social security Accrua15 and deferred income 27,168 30,495 5,421 19.308 12,?31 5.973 568 4.298 213,893 16,358 282 ?56 1.875 103,8?2 1,666 170.869 Other creditors 287,914 J08,860 128,69? 175,735 Page 29
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THE I'EAR F.)I)ED 31 DECEIIBER 2024 12 DEFERRED INCOME Included in accruals and deferred income is deferred income of £201 ?50 in respect of income received in ?0?4 which relates to future periods. In the accounts for Ihe year er*ded 31 December ?O?J incoine tolalling £?58,854 was deferred and has been released in the subsequent years. 13 CREDITORS: amounts falling due after more than one year GROUP CHARITY 2024 2023 2024 2023 Other creditors 20,000 26,000 15,000 21,000 14 PROVISIONS FOR LIABILITIES GROUP CHARITY Deferred Taxation 2024 2023 2024 2023 Accelerated capital allowances All deferred laxalion has been fully provided. GROUP CHARITY Movements on deferred taxation provision Balance brought forward Transfer during the year 2024 2023 2024 2023 (?,400) (7,143) 4.600 (7,000) Balance carried forward (9.543) (2,400) Page 30
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR TItE I'E,IR ENDED 31 DECE.IIBER 2024 15 COMMITMENTS Amounts fallino due under operaiinu leases-. GROUP CHARITY Deferred Taxation 2024 2023 2024 2023 Expiring in less than one year Expiring in more than one bui less than five yeaTE Expiring in niore tlian five years Amounts receivable under operating leases.. GROUP CHARITY 2024 2023 2024 2023 Expiring in less than one year Expiring iii more tlian one bul less than five yea Expiring in more than five years 8.203 52,945 32,81? 86,173 119,?39 Balance carried forward 15?354 160.?54 16 ANALYSIS OF NET ASSETS BETWEEN FUNDS Fund balances at 31 Deceinber 2024 are r¢presented by.. Re51ricted funds Unrestricled fund5 Total funds Tangible assets Stock Cash at bank and in hand Debtors Current liabilities Non-currenl liabilities 3,536.181 ?48,188 987 (13.117) 199,287 (287,9141 {?o,0001 3,784,369 987 52,417 199?87 (?87,914) {?o,000) 65,534 3,601,715 127.431 3,729.146 Page 31
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THE I E.4R ENDED 31 DF.CFdiNIBF,R 2024 17 MOVEMEIYT IN FUNDS At l January 2024 Asat31 December 2024 Incoming resouree Outgoing resources Transfer5 Unrestricted funds: General funds Designated funds Total unrestricl¢d funds 219.806 10.000 747,729 (827.296) (22,808) 17,431 10,000 ??9,806 747,7?9 {8?7 ?96} (??,808) 127,431 Restricted funds Vehic le and equipinenl Adventure Base and Yurt Complex Salary support fund MAP 16,614 (39,422) (199,044) (16.860) 22.808 3,662.661 129,80? 3,593,419 16,860 8,?96 8.296 Total restricted funds 3.687.571 146,662 (?55,326) ?2,808 3,601,715 Total funds 3,917,377 894,391 (1,08?,622) 3,729,146 Page 32
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR TFtE I"F.,IR F,NI)ED 31 DECEIIBER 2024 17 MOVEMENT IN FUNDS Movement in funds (previous year) Atl January 2023 Asat31 December 2023 ncoming resource Outgoing resources Transfer5 Unrestricted funds: General tunds DesiThnaled fiinds ?1?,600 i 0.000 737,635 (730,4?9) 219.806 i 0,000 Total unrestricted funds 2??.600 7)7,635 (730,429) 299,806 Restricted funds Veliicle and equipinent Adventure Base and Yurt Coinplex Salary support fund MAP 35.759 6.649 (?5,794) (155 ?13) (31,4001 (3.44) I 16,614 3,66?,661 279.014 3,66?,661 31,400 3,445 8.296 Total restricted funds 3,582.915 320,508 (215,852} 3,687,571 Total funds 3.805.515 1,058,14J {946.?81) 3,917.377 Vehicles and equipment Fund for purchasing, or possibly maintaining, all vehicles, trailers and adventure activity equipiyent. Bursary fund Fund for use, at our discretion and following application and assessment, in reducing the price to participants in our activities. Adventure Base and Yurt Complex The nanie of the fuiid into which the funds to purchase Windinill Farni Conference Centre Limited, the bui Idingis and land were placed. Plus the fund us¢d for developineni of an acconiniodatioii block, aciivily centre, yuii complex and activities on the fields lo the wesl of the offices. S81ary support fund Fund for use in supporting salaries olpaid team members. Page 33
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THF. IT..IR EINI)ED JI DECEIIBER 2024 18 STATEMENT OF FINAIYCIALACTIVITIES- COMPARATIVE FIGURES BY FUND TYPE Unrestricted Funds Restricted Funds Total Funds 2023 INCOME Donations and legacies Grant income Charitable activities Investiiieiil iiicoi)ie Other incoine Activities for generating funds 133,712 3?0.508 454,220 307,109 307.109 30,161 264,118 30,161 ?64,118 Total income 737,635 3?0.508 1,058,143 Expenditure on: Chariiablc activities Governance costs Trading cost of subsidiary 443,268 11.250 28?,911 215,85? 659,120 ?82,911 Total expenditure 737,429 215,85? 953,281 NET INCOME 206 104,656 104,862 Extraordinary incoime Subsidiary corporation lax (7,000) (7,000) NET MOVEMEIYT IIY FUNDS 7,206 104,656 111,862 Reeoneili#tion of funds Total funds at l January 20?3 22?,600 3,58?,915 3,805.515 Total funds al 31 December 2023 229,806 3,917,377 Page 34
ADVENTURE PLUS NOTES TO THE FINANCIAL STATEMENTS FOR THE I'E,IR ENDED 31 DF.CEIIBER 2024 19 RELATED PARTY TRANSACTIONS During the year the Charity made the followin(J related party transactions.. Trustees As well as donation their liine and e.xpertise during 20?4 the trustees made unconditional donaiions of £?70 (?023 £?70) to the Cliarity. No trustees incurred expenses during the year or received any remuneration for their services. Subsidiary undertaking The company has claiined exempiions from reporting disclosure of related party transactions with the following wholly owned group Inembers: Windmill Farm Conference Centre Limited - Subsidiary 20 ANALYSIS OF CASH AND CASH EQUIVALEIYTS GROUP CHARITY 2024 2023 2024 2023 Cash in hand 5?,417 173,547 40,450 162.4?3 Total cash and cash equivalents 5?.417 173.547 40,450 Page 35