Company registration Dumbcr. 04358352 cIlty tewatsoDnuTllber. 1098537 Adventure Hyndburn Ltd ADnual Ryrt oul FlnaTrci StstemeDts for th¢ YFAa 31 Mat¢tL 2024 Ist Floor. Blockc The Wbarf Burnley BBI L IJG
Adventure Hyndburn Ltd Contents 2to5 IndependentExaTDin&s Report St#t¢rnent of Filla]l Activities Balan¢¢ Sheet Statet of Cth F10Tr3 Notes to the Fillsttcial Staten IOto18
Adventure Hyndburn Ltd Reference and Adminlstratlve Detslls Trustees Mts S Akbtar MrRHo Principal Office The PadCc1d & Fam]ly C¢ntr¢ Norfolk Grove BB5 4RY Company Regtstrattow NuJDber 04358352 Charlty RegistrMtionNumber 1098537 PRI 8BH Independent EXer Ist Floor. Blockc MancbesterRo ButJJley BBI I IJG
Adventure Hyndburn Ltd Tntstees, Report f]Dancial stat¢ments of the clJaTitable cornpany for the ye8r exthd 31 March 2024. Thtstees Fkns S Akht8r MIE M Askew (resigwd 20November 2023) Mr G Hallison (rEsRgned 3 Aptil 2023) Mr RHoop MrRN¢edlwTn (appoitited 16 Febrn8ry2024) Mrs K Pratt Obje£tive8 and activit Th¢ Chrity's objects fthe Obje) art for the benefit of tbe public iti the bomgb of Hyndbum and the a) to work with ¢bildr¢u alld fanuli¢s to PTQmOte the physicaL elltiOnaL intellects1 and SLKial develop[[t of ebildten yOg people. eswia]ty t1¢ th are disadv3otaged to ¢tLSure they have the ability and collfidencc to succeed at atyl iwot b) to relieve un¢rnployrneDt iti sueh w8ys as njay be thought fi¢ iluding pmviding ]stall to peopl¢ to find plol¢llL Organisational background The e]Mrity was founded ID 2002 as a T¢SPOD5e to the Sure Start ittitiati In Septernber 2016. L4llcaslJire County Counetl deconm)issIotd 011 tb¢ cbaTiti¢s and schoo]s that had be¢n d¢livuing Children's Centres on their b¢ha]f. AchAevemeDts . The organi5ation has iDmed rentsl revenue by Dre than £13k tllls ye8r byp1MotiDg mote opporttith¢5 ID schemes at all Sit over the coming 12 months and we bkve been weee&4 in beitig selected as on¢ of only 9 organisAtions joining The Hyndbwn Way initia¢iv¢ that launclw later thi5 year a5 part of tbe level]illg up . Renegotiation of fb¢ l¢as¢ with the Lanc&thI County Council ha5 SuIted in an increase octheir nh)nthly lent
Adventure Hyndburn Ltd Trustees, Report Team and Trte£ Cb8ngu 21)2Y2024 All conunity and tLursery staff r¢main Jat8ety uncbanged tkning this financial year and as of Mar¢h 2024. Adycnture Hyndburn employed a total of 30 This. togcthcr with the hard and dedicatton of the Richard HOOperreti1nS th¢ Chairand Kathleul is bi4 Secon4 #s voted in the 2023 A Bulldin The Park Child & Farnily Centr4 Norfolk Gmve, Chuwi A¢cringW BB5 4RY . L4ncashirt County Council Child & FainiIy WellbeiDg Service and th¢ NHS mtdwif¢ teams a150 op¢rate out of this building Th Beeches aiild & Family Cetttr< liimiDgtoll Ave4ll. F¢rngor¢. Ac• BB5 ONP . a charity for The Oaks CblId and Family Cetstr< St P¢t¢r's Chut¢ty Rich[[ Str kniD8to4 BB5 OSJ- Nelsorl Itsd Coille College also off¢r FSOL classes t of this building. Ftrst Steps Chlld & Farrity Prin Stte¢L Aee• BB5 ISP. Forest School at the P•TK NorfoGrOv4 Churcfy BBS 4RY. Fort5t Sebool at Rothwell Helght8 Willows Flyngo Acoitigm BB5 ONIL Pb]le benelt guidat)ce on public benefit when settitig the aiDB and obie¢tive8 snd in pknDitig activities and 8etbng poliey forthe yer. A yearAn revleTV 2023r24 UFwmin8 ehaDges to ffiJndit)g for the ¢ld¢ sector at national level may Impact this mor¢ in the ViDg year. but all¢)c&tion at each site reti]a1 consistent and at a 8wI l¢v¢L New fim¢thDg for 2 years olds from April 2024 and children over 9 mollths Sept¢mbw2024 be tDtroduc We were also sucwsfill in receiving all ath1itional £7k of How5¢hold SUprt Funditig whicb ettabled to source* provide and disthbute food pat¢e]s and voucbets to lo1 fomilies in need in Hyndburn, expanding our rea¢b Ill the Iwal ¢a)nuty. Pag¢ 3
Adventure Hyndburn Ltd Trnstees, Report In Sffjtelnbtt 2023 we officially18w 88 Aeetmgkn's onty Fanllly This was a huge boost us a privilege to be chose A wa]k.in support s¢rvic¢ for local familics continues to be off¢red at the Pa& Cthild & FaTntiy Ccntrc for the Speech and Lallguago Health W151tors aDd Family TeaJn& It is now in its sKond year ¥ryJ is proving very suceessfvl. The btgg&8t challenge this fiDaD¢ial year and fonyard collt1m to b¢ in¥ased ¢05ts for staffing ar utslitie& Wage costs iucreased by over £18k and utijitscs by over£29L The Board is respon&lJle for the strat¢gi¢ devel¢)pment of AdV¢Utte Hyndburn and striv&5 to r¢pres¢llt the views aDdneeds ofthe eomTllullity. The ttuste¢s baYeper ID appointlel#t llew ts]te¢s. It is worth nottDg that in order to be the tr¢¢[¢d pusonwith oft Jow Benybas to register as a director with CompaDies House but with no volitig AUtIlty. The Articl&s have bEeTh EevAsed alld updateAI for current practice alld to allow for the Ofsted regu]ation. All D]r¢¢t5 are rthv re8isttr&J with Ofsbl ha up to date DBS ¢¢rtificaM EY2 fonus and are reeredWJth the update servic S8fegllarding Adventt¢ Hylldburn bas a Safe8uarthDg and Cbild Pmtxtion policy and ali team Board Tntee$. parther volunteer4 and allyotse in contart with childrn are subject to cbecks with th¢ Disc105UTe and Barting Ser¥ice (DBS). All staff 2nd vohmte¢rs a]$0 undertake Ixvel I Safegua* ttailling aud bave a Safeguar(ting tndu¢tion with a Nominatd Safeguarditig Officer to that they 8re supwted in tneeting the requirements of ther rol¢. Team membe[5 have TeguIar updar¢s to th¢ir tr38 in 15ne vrith re¢oJDmended requxremellts of eitlLer every two or th[¢¢yea. Princip Risks and Uneertalnttes Adventure Hyndbutn h&4 a&Sed the major risks to whicb it rnight bE expD5ed iti Partiaar those related to the operations and finance of Adventure HYttdbW and TnL%tee5 are satisfied that systems are in place to mitigat¢ tb¢ expN)sur¢ to tuajor risk Setviees Failure to ¢)perale the nursery wvision 5ta]lY • lieputatioll21 and fittanciat riskof apoorOfstediud8metit or &swcessM pDL injuryclaim Inan¢i31 revie £806220 to £930,IE6. with a cortespolldÉllg incre&4e in expenditw< pardy to tb¢ reasons outlined above. The surplus ftir the year wJ5 £6203 wbich iticludes depreciation of £60,939. Adjusting for tbis cost results ia a ShIS of £67.142 {2023- £59.418). This Sho a contiDUiDg improvem¢nt in the charity of it manw its Cost and the Iising occupancy that the nwsery ba8 seeT4 8lollg with the jncttasj ID fvnding revived frorn tbe Lancasbire Coullty CouJKil. With tbis inmin4 the tntstr¢s will ¢ontinu¢ to apply sttate8i&S to kcep the charxty operating atthis i¢veL whith yowth and shows results that are positsvE.
RétY Gèrter£643,7y6 FiYeda5sets inGDTopW £1.827.622 The trllstees contijme to review thcjevel tsfT¢s [ex¢lu(Sn8 fllted &f5&s) of the ch8nty. ThgJ]Jn ys to have three . sixinontbs of the orgaDisatioD'S nwlliJJ8 wlticffj basdvn the 2024 aCcOts is b¢rw¢en £200k. fAI)Ok At the year end fb i¥ hits, but the nJstges •re miDthI of the ckndien8in8 fjnmcial Lmsh in the bank PéD$iottDèfieit ]w¢ to make ye4rty payments.to meet the d¢fiGit thaf h&s ]Sell oyeE recait ye&rs. De Chanty b&5 ye.ed aDnuaiptyDenls to the to pay off th¢ defiGit and to iiwitn¢wniwbets joiuiug" to nooKurstry .tsff. This is b8soI ort stÉiViDg to kne fNms 8ttd fA)nditioDs cOmparabl¢ Tryith tOthpÈtttois Htia that. a¢¢ The chatity bas (okell measwes to the of the stha to bave the ¢l8fi6¢ uba#rwntt¢tt by iDgib¢ PaL8i(o a ¢h#oe on the tharityB at the" Falk Thebefjofits ar&tha¢.thg orsahilation canrnain irl the 5ch¢llÈe alldthe or8anisa¢ion'5 cash bè us¢d fo" r B7dor" bctiefft ofthè.cbatiry 'r4tbrf thaD be to uTracThritllig th¢ defici if the ChilY to le4¢ th¢ S¢1¢ ¥ilhor Yhrou8b c310icé orhlure" toJnke aefritpayEn¢Dts the full déficit Wotsld )al Sall eomp8nl&gprovislon stst¢t NfrRHo
Adventure llyndburn Ltd Xndependent Enmlner's Report to the trustees of Adventure HyndburD Ltd i rewrt to tbe ¢trlty trustees on my ex8mill of tbe xcounts of clwity for the Y ended 31 M¥r¢h 2024 which are set out onpages 7 to 18. Rupettlve tespomlbaitiej of tru5tee8 and exmlMer As the charity's trllSte of A¢fventure Hyndkn tld (ulld also its directots for th8 pulposes of CA)n)pany law) A¢t 2006 ('the 2006 Act). Having satisfied my5e]f that th¢ aCts of AdVenth Hyndbum IAd are not requtred io be audited under Part 16 of the 2006 Act and are cli7>1¢ for iodyttdent exarninatio I report in Trct of rny exatsitsatiots of your Charity's accoults as eanied out utmkn 5tIOn 145 of the ChaEities Act 201E ('the 2011 Act,). tn carrying out y exaJ)]ioation I have followed the Directiolls giveo by the Charity Comjnlsll under 8¢ction 145{5)(b) of tbe 2011 ACL lttdependent exanthier's Sttellnt Since Advenkn HyDdburn IA(fs w ineojne exceed £250.000 your eXDi must be a member of 8 body listed in section 145 of tbe 2011 ACL I coDfJrni that I am qualifigj to undertake the ewninatson b¢wtse I a I bav¢ completed rny exaTllTti0 I coth that no mattezs havc come to my attentiott in conDe¢tioll witb the 2006 A¢ or 2. tbe aceounts don0taO[dWith tho¥¢ re$. or y requirnent tbat the acwuDts e a 8ty1 fairvievl which is not amats ¢ODsid¢r¢d os part of an independent ex8nJiDation' or 4. the a¢¢ouots ve not been ptepared ill with th¢ and winciples of the Stthnellt of Re¢onwieuded Prn¢tic¢ for accounting attd reporting by cbarities lapplithl¢ to ChrtIeS preparing tknir counts in l))rdance the FiDaThC1 Rwrtiog Stsndard appliubk in the UK ad Republic of [reld (FRS 102)]. shouldb¢ dravm in this teportin ortsto eDable a protKruthtalldtug of tbe aCts to be re¥thd Mark Heaton FCCA F Dch IstFloor. Blockc Burnley BBII IJG 18 June 2024
Adventure Hyndburn Ltd Statsment of ThancRal Activities for the Year Ended 31 Marcb 2024 (Including Income and Expenditure Account and Statement of Total Reeognised Gains and Losses) Uth5tritted fund5 Total 2023 2024 IDcome fro. Charitabl¢ actiTrities 879.795 6510 43.811 879.795 6.510 43.811 771.950 3586 30.684 771950 3,586 30,684 Total ill¢ 930,116 930.116 806,220 806220 Expenditure on: Cl)aTitabk activities (930.454 0,454 1205,684 1.205.684 Totsl eXpdItre Gainsllosses on inv¢51Tn¢nt (930.454) (930.454) (1205.684) (1205.684) 6541 6541 701 701 Nrt ineoMel(eXd1tr) 6203 6203 (398.763) 1398.763) 6203 6203 (398.763) (398.763) RecoRclJladon *)f funds Totsl bmugbt forw8rd 2 465.195 2.465.195 2,863.958 2.863.958 Totsl ¢8ttied fotW4rd 15 2.471398 2.471.398 2.465.195 2 465 195
Ad&ntur¢ llyndburn Ltd le'stration nnmb¢r: 04.358352) Balau¢e Sh¢¢t as #t 31 Match 2024 1024 2023 Note Mx¢a b&%¢ts Tawble assets io li 1.827.622 107242 L934.864 1,888J61 1.989.262 Ciirr¢nt &$8ets Debtors C18h atbgDk8ndill]iat 12 55.862 SJ6.730 621.086 Credltors: Amoupb f4lllng due wlthln pnoyear Né¢ tdtrntl%sets Net asséts 13 (84,552) (96.659) 536.534 475.933 1471 J98 2.465 195 Funds of tbe tharlty: Unrestrlcted irttoméfun iYttreea 2 471398.. X455.195 Tot#Lthi) 15 For thE financiyeat w4h)g" 31 M2re. h 2024thé. d)atlty w45 ¢ntitled to exemption fft( dh.nder 5ection477 .ofthe CompaThiisAct20P6 8¥0£tuall cOmpatiie9. Dw¢ctth5' Trsp6n&il)ilities: The menLb¢t8 have tl reqvi(<t th¢ thaAty to obtskn audit of ILS for.theSear in qu¢gtion in ord2llCPVitlt s¢rtton476' gnd Thefjirectorn acknowledge theirrespoDg1Triti6w for wlyiDé thètyirern¢Ots OtfbtiAétith respert *0 aCCOUlltiJg records and1h6ptepwoll tsf &Cnts. Ihes¢ 4Fcounts b&vo beenyrep&red ill aOrdanCe with th8 provbiorya applkable WlDie subjeot b the 'Sm811 fOWP8lliesT¢gime. Th¢ £nan¢ial stateDwts olLP4 7 to 18 We 4)proved by the trtr¢s. aad fyr i5awo OA 18 20?4 ottd si8nedDn.theirbehaifby:
Adventure llyndburn Ltd ststement of Cash Flows for the Year Ended 31 March 2024 2024 21)23 Cash from oper*(lllg actlvld &203 (398,763) Adjustments ¢0 tAsb flowsfrom It DepIeciation .939 (A510) 69.101 (3,586) 364980 701 Loss on disp)sal of tall fLvd assets Revaluation of inYcstmeDts 6.541 54.091 31.031 Working capital adjustumts Decreasel(in¢rtase) in debtors (D¢creaS¢Yin¢ in eteditOES 12 13 E1398 (24.140) IL033 (19.469) 27,486 4.838 Net Cosb flows fro oimtTng activities Casb from invesling activities Jnkr¢streceivable #nd similar itieome ¢has¢ of iDY¢stments 54382 6,510 3.586 li Net C&8h flows from itwesttng activiti Net increase1{drea5¢) in and c&thequival¢nts C&sb aud ¢quivalents at l April Cash and equivaltr at 31 Ma 60,892 (52,528) 516.730 569.258 577.622 516,730
Adventure Hyndburn Ltd Not&s to the Financial Statements for the Year Ended 31 March 2024 I Charlty ststns - ¢apitsi. Ea¢h of the t[tte5 is liable an not excen8 £10 towards tht assets of the charity tbe event of liquidati The addte&s of its regtstered office ]. ThePark Child & Family Centre Norfolk &ove Ac4riogton Lanc&sbTre BBS 4RY 2 Aeeowiting )ud¢S Sumttmry of slglllficant •ccoMnting pollck5 And key accowithig esttmats5 The princip81 a¢coiinting polieies applied in the preparation of finallcial statements ate set out below. These policies have b¢¢n L¥)nsTstently 4yIicdto all tb¢ years presentei ll[ oth¢rww stsie ststement of compli#tt¢e Statettnt of RecoJDmeoded Pra¢ti¢e applicable to chariti&% ptepting thelr ats in accorda¢ with the Financial Reporting Standard appli¢abl¢ in th¢ UK attd Republic of Treland (FRS 102) (¢fft¢tiv¢ l January 2019) - (CltieS SORP (FRS 102)). the Fina]31 Reporting Standard applicable An tbe UK and Republic of treland (FRS 102). They a150 Comply witb fhe CwpaDies Act 2006 and (htilies Act 2011. Bs8ls of preparatlon Adventtue Hdburn Ltd meets thc definition of a publi¢Trxn¢fit ¢atity und¢r FRS 102. A&geL4 and ]iabi]ities are policy note Golng concern n nor any sigtiificallt areas ofwK¢rtaiW thataffect the cawin8 vaiuc of &ssets held by the charity. In¢ome tncome is recognT8ed and included in the StsterneDt of Fill8ncial A¢tsYities (SOFA) th the clwity borneS eDtitl¢dtothe incorne" Treexpt Is probabl4 and the wonelaryvah¥ b¢ mwlltd with sufficient r¢liabiiity. Page io
Adventure Hyndburn Ltd Note5 to the Financial Statements for the Ended 31 Mh 2024 ExpendA¢ure Ch4rltsbl¢ Actlvltks Clble cnditi eompiises those inewted by the clwity in the delivety of its activities at)d Sei¢¢S for its beneficiari&8. It inelud&s F)th costs that can 41kKafyl ditethly to livitieS and t costs of 8n indiTectJ2ture Dece5Sary to support thellL Gov¢rnsD¢e ¢0sts These inChe the o)sts #Its]uble to the cbtirity'8 ¢w]i#Dce with Olttional and stststtory rWar Taxatio The charity is ¢ODsidued to pa&$ the t¢sts s¢t out in Pwaph I sjU1¢ 6 of the FiEMtiCC Act 2010 and therefore it llts the d¢fitiitioll of a Cbaritable company for UK co4>orntion PUryM)su. AcrdinglY. the ¢harAty Is potentially exempt from l&xatioti ill rwe¢t of ineorne or wital 8aiDS received within ¢ateE0ri¢5 covered by Chapter 3 Part Il of the Co4mttott Tgx Act 2010 or Section 256 of the T8xatioD of chaable Gains Act 1992. to the extent that such income orgaitts appIied e1vely to cbatitsbie p0$¢& T¥bIe fixed 4s8ets Individuat fixed 2ssets eostiD8 £8QO or more 8re iDitsa]ly recordul at rt I¢s5 ally wbwuent accumulated DepreciatioD Depreciaiion i5 provided on tangible fixed Issets so to write off the ¢ost or v8htio less atty estiti rtsidual valu4 over theirexpected useful ¢conottLiC life as follows: Ikpredadon method and rats 2Y• per annurn straigbt lio¢ basis 2%per 8Dnum straight lille basis 20% per annum stsaight line basis 20%per annum straight lin¢ basis Freeholdproperty L¢aseholdpro Cojllputer equipment Penslong eontsibutiOLS are paid iTth a pension ffi]d arml the cbwity hL8 no legal or constnKtive obligation to pay fiuther eonlnl)utioDs even if the fid do&s not hold S¢lt assets to pay all eÈDploye¢s the benefits relatitig to employee servic¢ irL the cwreDtandpriorperiod& du& If contributionpayjnents ex¢eed th¢ wtribution for s¢tvic¢. tbe esS is re801$ as aprepayDienL The ¢lJarity onty ljas fjttallcial assets 8nd f8¢1 iiabÈlities of a kin& that qualify basic financial instru. Basic fJnanci81 insttuments are initially rtcogtiised at titl0ll vth and suwuently rnered at thetr settlement value with th¢ ¢xc¢ptioti ofbomk lo whidh 8re stsbsequendy at #Tnortised costusing th¢ effective Interest llth( Pageii
Adventure llyndburn Ltd Notes to the Flnaneial StateD)eDts for the Year Ended 31 March 2024 Crltlcal 8c¢owiting ¢Stlmatss 4Dd 4re4s of Judg¢rnent The cbarity makes estijnates and asswtiow CODcuuing the The rewltiug accounting estirnate5 and assutyioD8 will. by definitio seldom 94ual the Trlated actrjal results. The estiTnat&% and aSSUTDptions that have a sigoificallt tisk of causitig a adjusttnent kn the catryitig 8mouuts of a&*ts and liabilities within the next financial y¢yr discussed bthw. OperatiBg lease Rentals under operating l¢ase8 ar¢ ¢harg&l ¢0 the statellne of finla1 a¢tivities otta straight.litie basis over th¢ 3 frnrn chaTitsble Acdvldes funds Totsl 2024 Totsl 2023 Genernl S¢rvi¢w provided Activity income Grant in¢om¢ Nwsery illcome 55.085 24J35 610,754 189.621 55.085 24J35 610.754 189.621 879.795 56.064 23,408 531382 161,096 771.950 879.795 4 Investllt income funds Totsl 2024 2023 Ballk interest xeeeivabl& 6510 10 3586 S Oth¢r IR¢om¢ fllnds Tot81 2024 Totsl 2023 CeDernl Roomrntsl 43.811 43.811 30,684 Pag¢ 12
Adventure Hyndburn Ltd Notes to the Financial Statenlents for the Year Ended 31 March 2024 6 Expenditure on chArhable actfvltles Unrestricted llds Total 2024 Total 2023 Generthl Service delivery Support costs DeprlatiOn 771,044 87,871 60.939 10.600 771.044 87,871 60,939 10,600 930.454 677,868 82,375 434,081 Ll,360 1205,684 930.454 Included in the dweciation figwe &s part of the priorye4r ig the oll disposal of The Willow& atnounting to £364.980. 7 Anatysis of gtsYernaDce and support costs Support costs Unrestricted funds Total 2024 Total 2023 General stsff costs Wages and sfilaTieS Etnployers Nl Staff peAJsioLs 68.996 5,354 68.996 5,354 65,056 87.871 Governauc¢ costs unrestriCd funds Total 2024 Total 2023 GetterAI Examination of th¢ fjnancial statements Bookkeepijjg fee3 ConsultsD¢y f¢¢ Legal fees 2.472 1.478 2.472 1.478 2280 1,493 930 6.657 11.360 6.650 10,600 6.650 10,600 Page 13
Adventure Hyndburn Ltd F40tss to the Financial Statsments for the Year Ellded 31 Mar¢h 2024 8 Trust¢e5 remwieration and eXpS 9 Staff costs The aggregate paJToll ¢03ts tre a5 follow5: 2024 2023 Wag&s ana saktxes Social seauity costs Pellsion costs 483280 25571 49,186 558,037 448,E29 20,385 69.509 538.023 The monthly average numE£r of pe8 (illeluditig sajior Dwagement l¢am) ¢wployvJ by the chatity dwyng the year expressedos time wivateDts Th75 as lollov 2024 2023 C]wstable servic¢s M8llagement and adminithtion 28 31 30 33 No employee rLivenlIUD)tllts of thats£.{)00 tsing the ye8r. The totsl enwloy¢¢ b¢n¢fits of the key Pa30nn¢t of th¢ clJaTity weEe £45930 (2023. £43.045). Page 14
Adventure Hyndburn Ltd Notes to the Mnallclal Statements for the Year Ended 31 March 2024 10 Tallglble fixed assets Freehold JAasehold prnperty prnperty fitting5 41 ¢qulpmellt Cost At l AprAI 2023 1.481351 1.481,896 775J58 3.739.805 At 31 March 2024 51 1.481,896 775.558 3.739,805 Depreciation At l AW11223 Charge for tbe yeor $7&666 29.650 401.1 29.639 770,707 1.851244 1.650 60,939 At 31 Mareh 2024 708316 431.510 772.357 1,912,183 Net bookvalue At 31 Marth 2024 1.050J86 3201 1827 622 At 31 March 2023 803.685 1.080.025 4.851 1,888,561 11 Fl¥ed as*tinvestments 2024 2023 107242 100.701 v¢sttDeDts Total Cost or Valu4tlon At l April 2023 Revaluatioll IIK).701 6.541 11)0.701 6.541 At 31 Match2U24 107242 107242 Net bookvallle At 31 Marth2024 E07 107,242 a2 100,701 100.701 At 31 mSh 2023 Pag¢ 15
Adventure Hyndburn Ltd Notes to the Slnancial Statements for the Year Ended 31 March 202A 12 D¢btors 2024 21123 Trade debtots 25.762 17.702 33.970 15.641 6251 Other debtors 43.464 55,862 13 Credltors 21J23 TTrde cr¢ditoxs 6278 9223 9923 59.128 9J38 9.116 31,110 47,095 96.659 84552 14 ContlDgent llablliti The chlty has prev&ously received w futhg whith beett used to IlId and D)ake impmvcmcnts to its propertics attd Iw ¢ontributed towards the costs of fulfilling tbe chaEit8ble obiectives of the organisatioll. The t¢rm$ of tbese 8È8nts $Ify that som¢ or all of the could become repayable Tritbill various p10d$. between 10 and 25 years of the payillent of th¢ fffjal of the M if the organisation falls to uti]is¢ the grant forth¢ PUTpose forwhich itY43s give If tbe orgaoi5ation rKogllises that it may bave to repay or all of, th¢ W it vnll eteats a liability in the accounts piior to rnsking the repayMl Beyond su¢h ¢lrcuTn. the t[tte8 do llot consider. bow¢ver, thaL as a r¢5uIt of the p&wge of lime and the norn1 t¢m]8 ]Ch w bave bEell nmde, there is lknly to be 8ny oystalliOll ofa liabibty. P8Be 16
Adventure Hyndburn Ltd Notss to the Ffinandal Statements for the Year Ended 31 March 2024 15 FuDds BAl4nc¢ at I Aprll 2023 In¢oming Resourc¢¥ esperyded B8lnce At31 March2024 Unrestricted funds 576,634 1.888.561 930,116 (862,974) (60.939) 643.776 1827 622 Fixed eLl 2.465.195 930.116 923.913 2.471,398 Balance at I Aprll 2012 MDcoming resources Resour¢¢8 expended Balance &t31 mch 2023 Unrestricted funds Gellernl Fixed &8sets 541316 2,322.642 806220 (770302) (434.08l 576.634 1.888,561 1.204,983 2,465,195 16 AnAly$is oIllet wets behveen funds Unrestrffieted Dds Tota] funds 2024 General Tangible fixed assets 1.827.622 107,242 621,086 84,552 1.827.622 107,242 621.086 (84.552) Cur¢nt liabilities Totsl net assets 2.471 J98 1471,398 UnrestrReted rullds Tot1 funds 2023 GeDeral Tangible fixed Assets Fixed &s$et inv<%iTllents CUtl assets Cuttent liabilities 1,888,561 100,701 5n.592 96.659) 1,888,561 100,701 572,592 96.659) Totsl ryet wets 2.465.195 2 465,195 PAg¢ 17
Adventure Hyndburn Ltd Notes to the Finallelai Ststsments for the Year Ended 31 Mareh 2024 17 Penslon conullltmeDts Defined tOntriblI0 penslon s¢heme The ch8xity operates a defrled l*nefit pension schem& The s¢lM)e is 8 Duthpk ¢mpl¢w and the cb8rity is to identify its shate ofthe underlylllg ass¢ts aDd liabiliti¢& valued on a trienDial b]S by the fund acDJary. ¢[. At th¢ last su¢h valu&tion in 2022. the sebeme Imd a futidin8 level of io¢f/• (2016: WA). The cknity& ull¢krlyig s]we of ass¢ts and liabilitie5 cannot be separately identified alld it is rLOt pttl to quantify the extent of ally uoderlying ¢l¢wt of the ch18 liability at any 8iY¢n date. ThErth. contributions are ¢harged to the 5taternent of fuJan¢ial activities in the year in which thry paid. The cotttributions paid during the y¢ar amounted to £62.822 (2023 - £85221). CoDtrll)utiOnS antill8 to £Nil (2023: £Ni4 were payable to the fillld at th¢ balan¢¢ sbeet d81e. Page 18