##
|Trustees||Mr A R G Pudner||||
|---|---|---|---|---|---|
|||Mrs EJ Pudner||||
|||Ms P E Helliar-Symons||||
|||Rev. BF Davies||||
|||Mr J R Davis||||
|||Mr D E Main||||
|||Mr L Layton-Matthews||(Appointed|28 October 2020)|
|Secretary||Mrs EJ Pudner||||
|Charity number||1095999||||
|Company|number|04626174||||
|Principal address||Oakwood
Youth|Challenge|||
|||Waterloo Road||||
|||Wokingham||||
|||Berkshire||||
|||RG40 3DA||||
|Registered|office|The Barn House||||
|||Waterloo Road||||
|||Wokingham||||
|||Berkshire||||
|||RG40 3BY||||
|Auditor||Ward Williams||||
|||Belgrave House||||
|||39-43 Monument|Hill|||
|||Weybridge||||
|||Surrey||||
|||KT13 8RN||||
|Bankers||Barclays Bank PLC||||
##
||||Page|
|---|---|---|---|
|Trustees'|report||1-5|
|Independent
auditor's||report|6-8|
|Statement|offinancial|activities||
|Balance sheet|||10|
|Statement|ofcash flows|||
|Notes to|the financial|statements|12-24|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Unrestricted
Unrestricted|Unrestricted
Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|||
||||||general|designated||||
|||||Notes|2020
E|2020
E|2020
f|2020f|2019
E|
|Donations
and|legacies||||3,050|760||3,810|778|
|Charitable
activities|||||555,956|||555,956|1,118,075|
|Other activities|||||56,781|61||56,842|160,175|
|Investments|||||6,000|||6,000|2,750|
|Other income|||||189,618|||189,618||
|Tots I income|||||811,405|821||812,226|1,281,778|
|EXQgtl@Luur|K|||||||||
|Raising funds||||7|46,158|||46,158|140,601|
|Charitable
activities||||8|794,539|2,425||796,964|862,004|
|Totalresources||expended|||840,697|2,425||843,122|1,002,605|
|Net (outgoing)/incoming|||resources|||||||
|before transfers|||||(29,292)|(1,604)||(30,896)|279,173|
|Gross transfers|between||funds||(2,723)|3,000|(277)|||
|Net movement|in funds||||(32,015)|1,396|(277)|(30,896)|279,173|
|Fund balances|at|1 January|||596,874|1,359|277|598,510|319,337|
|Fund balances|at 31 December||||564,859|2,755||567,614|598,510|
##
##
|||||||2020||2019||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|f||f||
|Fixed assets||||||||||
|Tangible assets|||||12||813,810||782,587|
|Current assets||||||||||
|Stocks|||||14|6,131||10,492||
|Debtors|||||15|95,008||181,694||
|Cash at bank and||in|hand|||118,223||181,809||
|||||||219,362||373,995||
|Creditors:|amounts||falling due within|||||||
|one year|||||16|(263,059)||(345,981)||
|Net current|(liabilities)/assets||||||(43,697)||28,014|
|Total assets less||current||liabilities|||770,113||810,601|
|Creditors:|amounts||falling due after|||||||
|more than|one year||||17||(202,499)||(212,091)|
|Net assets|||||||567,614||598,510|
|Income funds||||||||||
|Restricted|funds||||||||277|
|r|fnd|||ral||||||
|Designated|funds||||21|2,755||1,359||
|General unrestricted|||funds|||564,859||595,515||
||||||||567,614||596,874|
||||||||567,614||598,510|
##
##
||||||2020||2019||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||f||
|Cash flows from operating||activities|||||||
|Cash generated
from operations||||24||158,581||516,564|
|Investing|activities||||||||
|Purchase|oftangible
fixed assets||||(211,685)||(425,445)||
|Proceeds|on disposal oftangible||fixed||||||
|assets|||||||2,775||
|Net cash|used in Investing|activities||||(211,685)||(422,670)|
|Financing|activities||||||||
|Repayment|of bank loans||||(10,482)||(9,329)||
|Net cash|used in financing|activities||||(10,482)||(9,329)|
|Net (decrease)/increase
in||cash|and|cash|||||
|equivalents||||||(63,586)||84,565|
|Cash and|cash equivalents|at beginning||ofyear||181,809||97,244|
|Cash and|cash equivalents|at end of||year||118,223||181,809|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Unrestricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|2020|2019|
||||||general|designated|||
|||||||F|||
||Donations||from individuals|and gift aid reclaimed||760|760|772|
||Regular|giving and capital||donations|3,050||3,050|6|
||||||3,050|760|3,810|778|
||For the|year ended 31 December 2019|||158|620||778|
|3|Charitable||activities||||||
|||||Residential|Indoor|Total|Total|
|---|---|---|---|---|---|---|---|
|||||olid ootdoor|climbing|2020|20t0|
|||||activities|centre|||
||||||2|||
|Charitable|activities|and|services|46,000|509,956|555,956|1,118,075|
|||UnrestrictedUnrestricted|UnrestrictedUnrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|2020|2019|
|||general|designated|||
|||8|6|||
|Fundraising
events|||61|61|1,022|
|Indoor climbing|centre - retail income|13,345||13,345|21,016|
|Indoor climbing|centre - Cafe|43,436||43,436|138,137|
|Other activities||56,781|61|56,842|160,175|
|For the year ended 31
December 2019||159,153|1,022||160,175|
##
##
|5|Investments||||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||Rental income||||6,000|2,750|
|6|Other income||||||
||||||2020|2019|
||Government
grants|re Covid-19|||189,618||
|7|Raising funds||||||
||||||2020|2019|
||Climbing
equipment|and clothing||for resale|9,574|15,675|
||Cafe expenses - purchases
Staff costs||and|consumables|20,283
16,301|53,891
71,035|
||||||46,15e|140,601|
##
##
|Charitable
activities|||||
|---|---|---|---|---|
||Residential|Indoor|Total|Total|
||and outdoor|climbing|2020|2019|
||activities|centre|||
|Staff costs|18,854|121,418|140,272|264,627|
|Depreciation|39,003|109,063|148,066|127,393|
|Disposal ofassets|314|425|739|2,418|
|Catering expenses
Equipment
and consumables
Cleaning
and laundry|1,701
384
920|7,764
2,053|1,701
8,148
2,973|7,702
21,813
7,921|
|Activity
instruction
and training|5,808|6,426|12,234|22,268|
|Repairs and maintenance
Utilities and telephone|5,021
2,580|2,100
9,605|7,121
12,185|9,132
21,607|
|Membership
fees and licensing|661|5,292|5,953|2,960|
|Bank charges and loan interest|128|15,568|15,696|19,747|
|Computer,
website and software fees
Miscellaneous
expenses
and bad debts||2,378
547|2,378
613|3,173
4,175|
|Route setting costs
Competition
prizes and event costs
Paralympics
GB
Free ofcharge services
Unrecovered
VAT|824|24,334
435
5,399
2,425
5,008|24,334
435
5,399
2,425
5,832|43,596
6,108
13,533
283
6,816|
||76,264|320,240|396,504|585,272|
|Donations
made|17,732||17,732|9,300|
|Share ofsupport costs (see note 9)
Share ofgovernance
costs (see note 9)|37,748
525|339,730
4,725|377,478
5,250|261,932
5,500|
||132,269|664,695|796,964|862,004|
|Analysis
by fund
Unrestricted
funds - general|132,269|662,270|794,539||
|Unrestricted
funds - designated||2,425|2,425||
||132,269|664,695|796,964||
|For the year ended 31 December 2019
Unrestricted
funds - general|204,145|657,576||861,721|
|Unrestricted
funds - designated||283||283|
||204,145|657,859||862,004|
##
##
##
|Support co|sts|||||||
|---|---|---|---|---|---|---|---|
||||Support|Governance|2020|2019|Basis ofallocation|
||||costs|costs||||
|||||E||||
|Staff costs|||286,391||286,391|165,586|Based on income spht|
|Depreciation|||31,353||31,353|28,465|Based on income spht|
|Disposal of|assets||304||304|466|Based on income split|
|Insurance|||8,671||8,671|13,055|Based on income split|
|Legal fees|||2,492||2,492|3,689|Based on income split|
|Unrecovered|VAT||7,049||7,049|9,525|Based on income spht|
|Office costs|||13,937||13,937|11,311|Based on income split|
|Advertising|||3,663||3,663|3,179|Based on income split|
|Utilities and|telephone||5,641||5,641|8,120|Based on income split|
|Vehicle running||costs|1,843||1,843|3,375|Based on income split|
|Site maintenance|||16,134||16,134|15,161|Based on income split|
|Audit fees||||5,250|5,250|5 500|Based on income split|
||||377,478|5,250|382,728|267,432||
|Analysed
between||||||||
|Charitable
activities|||377,478|5,250|382,728|267,432||
##
##
##
||||||2020|2019|
|---|---|---|---|---|---|---|
||||||Number|Number|
|Charitable
Activities|||||19|21|
|Employment
costs|||||2020|2019|
||||||f|8|
|Wages and salaries|||||408,367|464,698|
|Social security costs|||||29,017|31,213|
|Other pension costs|||||5,580|5,337|
||||||442,964|501,248|
|The
number
of employees|whose|annual|remuneration|was 560,000 or|||
|more were:|||||||
||||||2020|2019|
||||||Number|Number|
|870,000 - f79,999||||||1|
|860,000 - 869,999|||||||
##
|12|Tangible fixed assets|Tangible fixed assets|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Leasehold|Assets under|Furniture,|Motor|vehicles|Tots I|
|||||||improvements||construction|ilxtures snd||||
|||||||and|structures
f||equipments
f||f||
||Cost||||||||||||
||At 1 January|2020|||||577,336|94,351|617,276||8,998|1,297,961|
||Additions||||||16,487|91,595|103,603|||211,685|
||Disposals||||||||(23,205)|||(23,205)|
||At 31 December 2020||||||593,823|185,946|697,674||8,998|1,486,441|
||Depreciation|and impairment|||||||||||
||At 1 January|2020|||||146,441||363,204||5,729|515,374|
||Depreciation|charged|in|the|year||67,677||110,925||817|179,419|
||Eliminated
in|respect of||disposals|||||(22,162)|||(22,162)|
||At 31 December 2020||||||214,118||451,967||6,546|672,631|
||Carrying
amount||||||||||||
||At 31 December 2020||||||379,705|185,946|245,707||2,452|813,810|
||At 31 December 2019||||||430,895|94,351|254,072||3,269|782,587|
|13|Financial
Instruments||||||||||2020f|2019
f|
||Carrying
amount offinancial|||||assets|||||||
||Debt instruments
measured||||at|amortised|cost||||92,259|172,333|
||Carrying
amount offinancial|||||liabilities|||||||
||Measured
at|amortised||cost|||||||279,724|277,066|
|14|Stocks||||||||||||
||||||||||||2020|2019|
||||||||||||f|f|
||Clothing
and|equipment||held|for resale||||||6,131|10,492|
|15|Debtors||||||||||||
||Amounts
falling due||within||one year:||||||2020|2019f|
||Trade debtors||||||||||92,196|172,277|
||Other debtors||||||||||63|56|
||Prepayments|and accrued income|||||||||2,749|9,361|
||||||||||||95,008|181,694|
##
|16|Creditors: amounts|Creditors: amounts|Creditors: amounts|falling due within one year|falling due within one year||||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
||||||||6|8|
||Bank loans|||||18|16,787|17,677|
||Other taxation|and|social security||||27,061|36,059|
||Deferred income|||||19|158,773|244,947|
||Trade creditors||||||23,149|21,162|
||Other creditors||||||7,500|12,000|
||Accruais||||||29,789|14,136|
||||||||263,059|345,981|
|17|Creditors: amounts|||falling due after more than one year|||||
||||||||2020|2019|
||||||||6|6|
||Bankloans|||||18|202,499|212,091|
|18|Loans and overdrafts||||||||
||||||||2020|2019|
||||||||6|6|
||Bank loans||||||219,286|229,768|
||Payable
within|one year|||||16,787|17,677|
||Payable aRer one year||||||202,499|212,091|
||Amounts
included||above which||fall due after five years:||||
||Payable
by instalments||||||130,905|141,386|
##
##
##
##
|||Movement|Movement|In funds|||
|---|---|---|---|---|---|---|
||Balance at 1|Incoming|Resources||Transfers|Balance at 31|
||January|resources|expended|||December|
||2020|||||2020|
||8|||||8|
|Bursary Fund|1,359|321||(1,925)|3,000|2,755|
|Local need Fund||500||(500)|||
||1,359|821||(2,425)|3,000|2,755|
|have ac|cess to the facilities ofthe Charity.|||||
|---|---|---|---|---|---|
|Analysis|of net assets between funds|||||
|||Unrestricted|Designated|Restricted|Total|
|||funds|funds|funds||
|||8|f|||
|Fund balances at 31 December 2020 are||||||
|represented
by:
Tangible assets||813,810|||813,810|
|Current|assets/(liabilities)|(46,452)|2,755||(43,697)|
|Long term liabilities||(202,499)|||(202,499)|
|||564,859|2,755||567,614|
##
##
##
|24|Cash generated
from|operations|operations|operations|||2020
f|2019
F|
|---|---|---|---|---|---|---|---|---|
||(Deficit)/surpus
for the|year|||||(30,896)|279,173|
||Adjustments
for:||||||||
||Loss on disposal
oftangible||fixed assets||||1,043|2,884|
||Depreciation
and impairment||oftangible||fixed assets||179,419|155,858|
||Movements
in working|capital:|||||||
||Decrease
in stocks||||||4,361|434|
||Decrease/(increase)
in|debtors|||||86,686|(59,029)|
||Increase
in creditors||||||4, 142|40,609|
||(Decrease)/increase
in|deferred||income|||(86,174)|96,635|
||Cash generated
from|operations|||||158,581|516,564|
|25|Analysis ofchanges|In net|(debt)/funds||||||
|||||||At 1 January|Cash flows|At 31 December|
|||||||2020||2020|
|||||||f|f|6|
||Cash at bank and
in hand|||||181,809|(63586)|118223|
||Loans falling due within|one|year|||(17,677)|890|(16,787)|
||Loans falling due afier|more|than|one year||(212,091)|9,592|(202,499)|
|||||||(47,959)|(53,104)|(101,063)|
##
##
##