## ## ## ||||Page| |---|---|---|---| |Trustees'|report||1-5| |Independent
auditor's||report|6-8| |Statement|of financial|activities|| |Balance sheet|||10| |Statement|of cash flows||| |Notes to|the financial|statements|12-26| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted
Unrestricted|Unrestricted
Unrestricted|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds||| |||||general|designated||as restated| |||||2022|2022|2022|2021| ||||Notes|E||E|| |Income and endowments||from:|||||| |Donations
and legacies
Charitable
activities||||1,592,928|3,226|3,226
1,592,928|6,689
917,490| |Other activities||||87,731||87,731|49,357| |Investments||||18,081||18,081|6,000| |Other income|||||||89,149| |Tota I income||||1,698,740|3,226|1,701,966|1,068,685| |Ex enditure on:|||||||| |Raising funds||||55,744||55,744|29,122| |Charitable
activities|||9|1,432,038|6,101|1,438,139|893,417| |Total resources expended||||1,487,782|6,101|1,493,883|922,539| |Net incoming|resources|before transfers||210,958|(2,875)|208,083|146,146| |Gross transfers|between|funds||(3,000)|3,000||| |Net movement|in funds|||207,958|125|208,083|146,146| |Fund balances|at 1 January|||711,697|2,063|713,760|567,614| |Fund balances|at 31 December|||919,655|2,188|921,843|713,760| ## ||||||2022||2021|| |---|---|---|---|---|---|---|---|---| ||||||||ai restated|| ||||Notes|||||| |Fixed assets
Tangible assets||||||3,896,292||932,266| |Current assets
Stocks
Debtors
Cash at bank and in|hand|||6;936
255,731
364,144|||7,946
232831
'194,941|| |||||626,811|||435,718|| |Creditors: amounts
one year|fallirig due within||17|(844,822}|||(462,458)|| |Net current
liabilities||||||(218,011)||(26,740)| |Total asiets less current||liabilities||||3,678,281||905,526| |Creditors: amounts
tnore than one year|falling due after'||18|||(2,756,438}||(191,766)| |Net assets||||||921,843||713,760| |Income funds||||||||| |Unrestricte
fu ds -
Designated
fUnds
General unrestricted|erieral
funds|||2, .188
919,655|||2,063
711,697|| |||||||921,843||713,760| |||||||921,843||713,760| |The financial statements
.P.s.~||were approved|by the Trustees on|||||| |Ms P E HeNiar-Sym|s|||Mr J R|Davis|||| |Trustee||||Trustee||||| ## ## ||||||2022||2021|| |---|---|---|---|---|---|---|---|---| |||||Notes|E||f|| |Cash flows from operating
activities
Cash generated
from operations||||27||524,098||312,329| |Investing
Purchase|activities
oftangible
fixed assets||||(3,223,21 8)||(274,945)|| |Proceeds
assets|on disposal oftangible||fixed||1,435||67|| |Interest received|||||131|||| |Net cash|used in investing|activities||||(3,221,652)||(274,878)| |Financing|activities|||||||| |Proceeds|from borrowings||||300,000|||| |Proceeds|of new bank loans||||2,830,800||50,000|| |Repayment
ofbank loans|||||(264,043)||(10,733)|| |Net cash
activities|generated
from financing|||||2,866,757||39,267| |Net increase
in cash and cash|||equivalents|||169,203||76,718| |Cash and|cash equivalents|at beginning||ofyear||194,941||118,223| |Cash and|cash equivalents|at|end of|year||364,144||194,941| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |5|Other activities|||||||| |---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Unrestricted|Total|Total| ||||||funds|funds|2022|2021| ||||||general
f|designated||| ||Fundraising
events|||||||307| ||Indoor climbing|centre - retail||income|26,533||26,533|13,718| ||Indoor climbing|centre - Cafe|||61,198||61,198|35,332| ||Other activities||||87,731||87,731|49,357| ||For the year ended
December 2021||31||49,050|307||49,357| |8|Investments|||||||| ||||||||2022|2021| ||Rental income||||||17,950|6,000| ||Interest receivable||||||131|| ||||||||18,081|6,000| |7|Other income|||||||| ||||||||2022|2021| ||Government
grants||re Covid-19|||||89,149| |8|Raising funds|||||||| ||||||||2022|2021| ||Climbing
equipment||and clothing for resale||||21,121|9,700| ||Cafe expenses|- purchases||and consumables|||34,623|19,422| ||||||||55,744|29,122| ## ## |Charitable
activities||||| |---|---|---|---|---| ||Residential|Indoor|Total|Total| ||and outdoor|climbing|2022|2021| ||activities|centre||| |||||as restated| |||||F| |Staff costs
Depreciation
Disposal ofassets
Catering expenses
Equipment
and consumables
Cleaning
and laundry
Activity instruction
and training
Repairs and maintenance
Utilities and telephone
Membership
fees and licensing
Bank charges and loan interest
Computer,
website and software fees
Miscellaneous
expenses
and bad debts
Route setting costs
Competition
prizes and event costs
Free ofcharge services
Unrecovered
VAT|167,671
36,363
(775)
31,220
6,133
10,564
9,521
18,842
6,550
2,222
159
2,056
5,877
3,007|344,362
101,757
11,076
16,063
5,518
14,054
9,252
13,372
4,015
25,818
4,124
83,124
3,117
225
6,102|512,033
138,120
10,301
31,220
22,196
16,082
23,575
28,094
19,922
6,237
25,977
4,124
2,056
83,124
3,117
6,102
9,109|255,728
121,788
3,329
18,653
16,037
7,093
18,366
7,161
15,126
4,739
19,053
1,757
599
42,398
602
2,988
5,792| ||296,127|645,262|941,389|541,209| |Donations
made||||16,000| |Share ofsupport costs (see note 10)
Share ofgovernance
costs (see note 10)|122,293
1,895|366,878
5,684|489,171
7,579|330,208
6,000| ||420,315|1,017,824|1,438,139|893,417| |Analysis
by fund
Unrestricted
funds - general
Unrestricted
funds - designated|417,722
2,593|1,014,316
3,508|1,432,038
6,101|| ||420,315|1,017,824|1,438,139|| |For the year ended 31 December 2021
Unrestricted
funds - general
Unrestricted
funds - designated|305,361|585,068
2,988||890,429
2,988| ||305,361|588,056||893,417| ## ## |Support costs|||||| |---|---|---|---|---|---| ||Support|Governance|2022|2021|Basis ofallocation| ||costs|costs|||| ||f|F|||| |Staff costs|154,088||154,088|212,320|Based on income split| |Depreciation
Disposal ofassets
Operating
lease charges
Foundation
event costs|109,028
307
99,739
769||109,028
307
99,739
769|30,292
763
24,261|Based on income split
Based on income split
Based on income split
Based on income split| |Insurance|26,842||26,842|10,668|Based on income split| |Legal fees
Unrecovered
VAT|11,030
11,053|1,079|11,030
12,132|4,985
7,017|Based on income split
Based on income split| |Office costs|19,432||19,432|13,560|Based on income split| |Advertising
Utilities and telephone
Vehicle running
costs
Site maintenance|1,365
14,872
1,279
22,452||1,365
14,872
1,279
22,452|2,679
5,705
3,084
14,874|Based on income split
Based on income split
Based on income split
Based on income split| |Mortgage
and bank|16,915||16,915||Based on income split| |interest|||||| |Audit fees||6,500|6,500|6,000|Based on income split| ||489,171|7,579|496,750|336,208|| |Analysed
between
Charitable
activities|489,171|7,579|496,750|336,208|| ## ## ## |The average
monthly
number of employees
(including
as full time equivalents
was:|senior management
team) during
the year|expressed| |---|---|---| ||2022|2021| ||Number|Number| |Charitable
Activities|27|19| |Employment
costs|2022|2021| ||F|F| |Wages and salaries
Social security costs|597,099
46,057|430,181
31,420| |Other pension costs|22,965|6,447| ||666,121|468,048| ## |13|Tangible fixed assets|Freehold land||Leasehold|Assets under|Furniture,
Motor|vehicles|Total| |---|---|---|---|---|---|---|---|---| |||snd bugdlngs|Improvements||construction|natures
and||| ||||snd|structures||equlpmants||| |||||6||6|6|6| ||Cost
At 1 January 2022
Transfers between dasslcation
Additions
Dlsposals|651,395
3,049,744||810,420
(559,668)
(5,041)|49,712
(49,712)|861,170
(42,015)
163,263
(131,819)|8,998
10211|1,730,300
3223218
(136,860)| ||At 31 December 2022|3,701,139||245,711||850,599|19,209|4,816,658| ||Depreciation
and Impairment
At 1 January 2022 (as restated)
Depreciation
charged
in the year
Eliminated
in respect ofdlsposals
Transfers
between
classification|99,980
201,842||231,750
22,374
(2,377)
(155,924)||559,126
121,782
(122,440)
(45,918)|7,159
3,012|798,035
247,148
(124,817)| ||At 31 December 2022|301,822||95,823||512,550|10171|920366| ||Carrying
amount
At 31 December 2022|3,399,317||149,888||338,049|9,038|3,896,292| ||At 31 December 2021|||582,236|49,712|298,480|1,839|932,266| ## |14|Financial instruments|Financial instruments||||||2022|2021
f| |---|---|---|---|---|---|---|---|---|---| ||Carrying
amount
Debt instruments|offinancial assets
measured
at amortised||||cost||220,597|222,044| ||Carrying
amount offinancial
liabilities
Measured
at amortised
cost|||||||3,221,309|328,508| |15|Stocks||||||||| |||||||||2022|2021| ||||||||||f| ||Clothing
and equipment|||held|for resale|||6,936|7,946| |16|Debtors||||||||| ||Amounts
falling|due||within|one year:|||2022
F|2021f| ||Trade debtors|||||||220,597|198,115| ||Other debtors||||||||23,929| ||Prepayments
and|accrued income||||||35,134|10,787| |||||||||255,731|232,831| |17|Creditors: amounts||falling||due within|one year|||| |||||||||2022|2021| |||||||||f.|E| ||Bank loans||||||19|268,871|66,787| ||Other borrowings
Other taxation and social security|||||||100,000
39,395|27,715| ||Deferred income||||||20|340,556|298,001| ||Trade creditors|||||||57,639|15,930| ||Other creditors|||||||18,815|39,498| ||Accruals|||||||19,546|14,527| |||||||||844,822|462,458| |18|Creditors: amounts||falling||due after|more than one year||2022|2021| |||||||||F|| ||Bank loans|||||||2,556,438|191,766| ||Other borrowings|||||||200,000|| |||||||||2,756,438|191,766| ## |19|Loans and overdrafts||2022|2021| |---|---|---|---|---| |||||f| ||Bank loans
Other loans||2,825,309
300,000|258,553| ||||3,125,309|258,553| ||Payable
within one year
Payable aiter one year||368,871
2,756,438|66,787
191,766| ||Amounts
included
above which|fall due aRer five years:||| ||Payable
by instalments|||126,284| ## |Deferred|income||| |---|---|---|---| |||2022|2021| |||f|| |Deferred|income|340,556|298,001| ## ## ## ## ||||Movement|Movement|in funds|||| |---|---|---|---|---|---|---|---|---| |||Balance at 1
January|Incoming
resources|Resources
expended||Transfers|Balance at 31
December 2022|| |||2022||||||| |||E||||||| |Bursary|Fund|2,063|3,226||(6,101)|3,000||2,188| |||2,063|3,226||(6,101)|3,000||2,188| ## |Analysis ofnet assets between funds||||| |---|---|---|---|---| |||Unrestricted|Designated|Total| |||fundsf|funds
f|| |Fund balances at 31 December 2022 are represented
Tangible assets
Current
assets/(liabilities)
Long term liabilities|by:|3,896,292
(220,199)
(2,756,438)|2,188|3,896,292
(218,011)
(2,756,438)| |||919,655|2,188|921,843| ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| ||||||F|E| ||Within one year
Between two and five|years||||124,000
99,540| |||||||223,540| |25|Capital commitments||||2022
E|2021
f| ||At 31 December 2022|the charity had capital commitments||as follows:||| ||Contracted
for but not
Acquisition
of property,|provided
in the financial statements:
plant and equipment||||70,764| ## ## ## |27|Cash generated
from|operations|operations|||2022|2021| |---|---|---|---|---|---|---|---| |||||||F|F| ||Surplus for the year|||||208,083|146,146| ||Adjustments
for:||||||| ||Bank interest received|||||(131)|| ||Loss on disposal oftangible
Depreciation
and impairment||fixed assets
oftangible|fixed assets||10,608
247,148|4,342
152,080| ||Movements
in working|capital:|||||| ||Decrease/(increase)
in|stocks||||1,010|(1,815)| ||(Increase)
in debtors|||||(22,900)|(137,823)| ||Increase
in creditors|||||37,725|10,171| ||Increase
in deferred
income|||||42,555|139,228| ||Cash generated
from|operations||||524,098|312,329| |28|Analysis
ofchanges|in net|(debt)/funds||||| ||||||At 1 January|Cash flows|At 31 December| ||||||2022||2022| |||||||F|F| ||Cash at bank and
in hand||||194,941|169,203|364,144| ||Loans falling due within one||year||(66,787)|(302,084)|(368,871)| ||Loans falling due after|more|than one year||(191,766)|(2,564,672)|(2,756,438)| ||||||(63,612)|(2,697,553)|(2,761,165)|