ACKERS ADVENTURE (Limited by guarantee) REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Registered Charity Plo 1107240 CONTENTS Page Legal and administrative information Report of the directors 8-10 Independent auditors report li Statement of financial activities 12 Balance sheet 13 Statement of cashflows 14- 19 Notes to the financial statements 20 Acknowledgements ACKERS ADVENTURE
ACKERS ADVENTURE (Llmited by guarantee) LEGAL AND ADMINISTRATIVE INFORMATION Incorporatlon: Company limited by guarantee on 23 September 2004 Company number: 5239365 Charity re8istratlon: 1107240 Registered office: Ackers Base Camp, Golden Hlllock Road, Sparkbrook, Birmingham, 8112PY Governlng body: Board of directors, who are a150 trustees, are disclosed on page 3 Senior managemenl team: Steven Jewell Sue Macbeath Mark Scott Mike Owen Julie Hyde Chief Executlve Offlcer Finance and Fu nd Raising Manager Head of Wlnter Sports Activities Head of Adventurous Activities Educatlon Llalson Offlcer Audltors., Messrs Malcolm Wlllcox & Co Chartered Certified Accountants and RegisteredAudltors Hagley House, 93 Hagley Road, Edgba5ton, Birmingham, B16 8LA Bankers: The Co-operative Bank PIC l Balloon Street, Manchester, M60 4EP Vlrgin Money Symington House, 7-8 North Avenue, Clydebanl< Busines5 Park, Clydebank, G812NT
ACI<ERS ADVENTURE (Limited by guaranteel REPDRT OFTHE DIRECTORS The director5 submit their annual report and the audlted flnanclal statements for the year ended 31 March 2024. Thè dlrectors confifm that the Annual Report and financial statements of the company comply with the current Statutory requirements, the requirements of the company's governlng document and the provislons of the Statement of Recommended Prattlce ISORPI, applicable to charities preparing their accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the Ul< and Republic of Iieland IFRS 1021 Ipublished in October 20191. Flfiandal Result As shown in the statement Df flnanclal actlvltles on paEe 11, the result for the year was a net deflclt of £24,534. Prlnclpal Actlvltie5 Acker5 Adventure, an independent charitable limited company, CDmmenced operatln8 Dn l Aprll 2005 to contlnue and expand on the ims and oblectives of The Ackers Trust. The Trust, set up In 1981, contlnues to protect the 51te synonymou51y with Ackers Adventure, The Object of Ackers Adventure Is the general benefit of the inhabitants of the West Midlands and elsewhere In such charitsble ways as the dlrectors thlnl< fft. The Mission is to provide a broad range of OLrtdoor adventurous actlvities and experiences vlhich Inspire, challenge and promote Indlvlduals in a safe and enloyable envlronmerbt. The current Aims are: To provide a Trtre of excellence offerillg a wide range of outdoor adventurous activities In an urban envlronment for the whole community. To contlnue to develop and Improve exlstlng and new facilFtles and services. To provlde a safe environment in which to undertake challenging activities which are both educational and recreational. Artlvltles Include.. skllng, snowboardlng, tobogganln& tubln& canoelng, kayaklng, bellboatlng, oklenteering, team bullding. archery, bush craft and survival ski115,' Disc Golf- and fan descender, zlp wires, climbin8 and ab5eilin8 feature5 on the 22m high Tower. Publlc Benefrt Ackers Adventure provides PLJbllc Beneflt In all three areas of the organisatlon's Alms: To maintsin and enhance the site as a public arnenlty: The 50-acre site is freely open to pedestrians 24 hour5 a dayj 7 days per week with entrances from all the surroundlng communltles. Free daytlme parklng Is also avallable. The slte provldes attractlve rlver, waterway, wetland and woodland walks through a bio-diver5e range of habitats. There are a150 Infomial play areas. plcnlc spaces, benches and cycle paths. The 51te Is home to a wlde varlety of flora and faurna, includlng some rare species, A summative leaflet has l)een publlshed. Improvements are undertaken by volunteer andlor gnt alded schemes, worklng wlth The Acl<ers Trust, local Companles and the Local Authority. To provlde educational and creatIOnal facilitles for the whole Community and In particular young people and those wlth speclal needs- A wlde range of adventurous activltie5 are provided Imainly with instruction by quallfied professlonal InstructDrsl. Thls year the 3km project continued to offer activitie5 at very low cost to those living locally. Taster Days and events are arranged for adults and famllles, a5 well as a wide range ot lessons and tralnlng avallable to all. when we work with corporate bodles, we seek full cost recovery, includlng a contrlbutlon toward our subsldlsed groups,
ACKERS ADVENTURE ILimited by guarantee REPORT OF THE DIREGfoRS contlnued Publlc Beneflt continued To conserve part of the sitei providing environmental and volunteering opportunities: To maintain the environmental aspect of the site. Volunteers from Companies make a slgnificant Impact to the upl<eep and development of the site (see Volunteerln81. status and Share Capilal The company is limited by guarantee and, as such, has no share capital, It is registered with the Charity Commission as a charity. Dlrectorsnrustees The directors are also trustees of the charitable company, and those who served during the year were: David Bateman Lydla Honey {appolnted 17/4120241 lan Lane Emma Martln lappolnted ?.1/8120241 Marghoob Mohamed (appointed 19/6/20241 Eddy Moulden Chris Stroud {Wice Chairl GeoffThomas Tracy Wassall Ichairl The following director5 retire by rotation at the annual general meeting and will be seeking re-elettion. Geoff Thomas Tracy Wassall Dlrectors Respon5ibilitles The directors are responsible for preparing the Annual Report and the f inancial statements in accordance wlth applicable law and Unlted Klngdom Accountlng Standards Iunlted Klngdom Generally Accepted AccoLJnting Practicel. Company law requlre5 the directors to prepare flnanclal statements for each. f inancial year. Under company law the dlrectors must not apprcve the financial statements unless they are sat15fied that they give a true and fair view of the state of affalrs of the charitable company and of the incoming resources and application of resources, includlng the income and expenditLJre, of the charitable company for that period. In preparing these financial statements, the directors are required to: 5elert suitable accounting policies and then apply them conslstently; observe the methods and principles in the Charities SORP 2019 {FRS 1021,. make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, sublect to any materlal departures dlsclosed and explained in the financial statements,, prepare the financial Statements on the going concern basis unless It is Inappropriate to presume that the charitable company will continue in operation.
ACKERS ADVENTURE ILimited by guarantee) REPORT OF THE DIRECTORS - continued Dlrertors Responslbllltles - contlnued The dirertors are responslble for kèeping adequate accountlng records that dlsclose with reasonable accuracy at any time the financial positlon of the charitable company and enable them to ensure that the f inincial statements comply with the Companies Act 2006. Thèy are also responsible for gafeguarding the assètg of the charitable Company and hence for takin8 reasonable steps for the prevention and detettion of fraud and other irregularities. Statement 45 to Di5¢1osure of Information to Auditors So far as the directors are aware, there 15 no relevant audit information las defined by Section 418 of the Companies Act 20061 of which the companfs auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a dirertor in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information. Audltors The auditors, Messrs Maleolm Willcox & Co, Chortered Certifled Accountonts Jnd Registered Audltors, have signified their willln8ness to contlnue In offlce, and thelr re-appolntment wlll be competltively consldered. Revlew of Actlvltles Achievements and Perfom?ance 2023/2024 Last year's apprentice was employed as a full time instructor. Two more apprentices were recruited. The HR contratts and handbook have been updated. The roof of the air raid shelter which wa5 used for storage has been resurfaced to stop leaks. The boller in the ABC was replaced. Flnanclol Revlew There wa5 a reduction in overall income due to the decrease in General grants. Some reservès have been investèd in a 90-day acce55 account producing interest of £3,585 during the year. The overall level of unrestricted income and expenditure increased ¢ompared to the previous yèar. An unrestricted fu nd surplus of £12,876 was achleved. Snowsports Income from Snowsports was up sllghtly on the previous year. A large section of matting Dn the main slope has been replaced. School &Youth A grant from UK Youth enabled us to run activity days for 250 children and young people, many with SEN, who would not otherwlse have had the chance to partlclpate. Outdoor Actlvltles Grants from the Hall Green N NS scheme have enabled us to provide a range of activity courses for local over 50's and for younger adu Its with mental health concerns. Grants from local Trusts have enabled us to buy a fleet of sit on kayaks making paddlesports for SEND groups easler and safer. Earned incorne on outdoor activitles was down on the previous year although user nurnbers have remained constant.
ACKERS ADVENTURE ILlmlted by guarantee) REPORT OF THE DIRECTORS - continued Resldentlal The residential centre contlnued to be promoted through Airbnb and has seen an increase in income compared to last year. Expendilure Unrestricted expenditure was up by £42,000 compared to last year, Volunteer5 Community payback Continued to provide around 6 volunteers per day on 3 days to help wlth the Ènvlronmental management of the site. A small number of buslnesses havo also volunteered for specific environmental projects. Envlronmenlal Impact Ackers Adventure continued to mlnimls@ Its envlronmental impact with solar pane15 fitted to all three of its building5, Recycling facillties for paper, cans and plastlcs were in use. The majority of the slte Is planted wlth natlve trees provlding a haven for wildllfe and enhancing air quality. Plans for the future To continue to recruit new Directors. To explore ways to increase local community use. To recruit two more Apprentices. Continue to raise f und5 for a dedicated Tubing slope and Via Ferrata. Chairman'5 note The eagle eyed amongst you may have noticed that we have a new logo. We wlll gradually Integrate this into our livery and uniforms, but It Is recelvlng a posltive response. This wasn't our only investrnent a5 we finally repaired the roof of the Air Raid Shelter to provide much needed secure and dry storage for equipment. We also took on another apprentice in January but had been hoplng for up to 3; we will continue to integrate new apprentices going forward. We also added Julie our Education Liaison Officer to the SMT, to strengthen our leadershlp team. On the flnanclal front, while our income fell last year and our cost5 increased, we were still able to produce an unrestrlcted fund surplus of over £12.5k. The reductlon in income was largely due to lower grants recelved, as we are finding greater cornpetition from other organlsatlons and grant providers having less to dlstrlbute. Nevertholoss, Sue continues to do a wonderful job by generating much needed funding, with more emphasls 8oin8 forward on grants related to providing artivlties to Users, particularly on Speclal Educational Needs and Dlsabllity groups, actlvitles. On the expenditure front, ou r costs remaln under pressure, notably heat and light but we are proud to be increasing our workers pay year on year. We did benefit from a write back of an insurance provSslon but overall, our cash reserves remain adequate for our purposes. The board is looklng at Investing In an interesting, related business and If that does come on stream, will provide a significant uplift in income for 2025 and beyond. The activity levels on the playinE fields and pavilion on the land fronting Golden Hillock Road have grown exponentlally due mainly to Anwar and the Birmingham Youth Sport5 Assoclatlon. Steve has also attended meetings of Frlend5 of Ackers Park and we will continue to explore ways of working with the local community.
ACKERS ADVENTURE (Limited by guarantee) REPORTOF THE DIRECTORS continued Chairman's note continued None of the above would have been posslble without the efforts from the Senior Management Team of Sue, Mark, Mike and Julie, well led by Steve Jewell our CEO and our hard-worklng employees who continue to deliver and develop. Wlthout their dedication and application, we would not be in the posltion we are, to confidently move forward to contlnue to Invest In facllltles and staff, expand our customer base and make new partnershlps. Finally, can I thank the Board of Dlrectors for their support over this and many years. These volunteers continue to guide the organi5ation and contribute greatly to the continued success of Ackers Adventure. Just after our year end, we welcomed Lydla Honey, who had been with Snow Camp and one of our Instructors, Marghoob Mohamed, to the board. We are always looking for new people to add to the sl<i115 and experience on the board and are continuing to look to recrult people who can dovelop the organisation further. Reserves Pollcy The reserves policy continues in its aim to bulld up, when the financial position makes It posslble, a free cash regerve that equates approximately to six months unrestrlcted expendlture. Going Concern After reviewing the company's projections, the dlrettors have a reasonable expectstion that the company has adequate resources to finance its attivitie5 in the foreseeable future. Therefore, the accounts have been prepared on the golng concern basls. Operatlonal Pollcles The company has comprehenslve, well documented and regularly reviewed sets of plans, pollcles, procedure5 and guidelines for all of its activities, business, IT, operations and staff. These Include health & Safety, equal opportunities, safeguarding procedure, financial regulations, customer service and complaints. Rlsk Management The directors have examined the major strategic, buslness and operational risks which the company face5 and conflrm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. Recruitment and App04ntment of Dlrectorsnrustees The vast majority of our work focuse5 on young people and brings us Into contact wlth a wlde range of organizations, grou ps and like-mlnded statutory and voluntary bodies, We encoura8e a close worklng relatlonship with representatives of these groups, To ensure there are no conflicts of interest, directors declore their interests annually and for any changes during the year. Directorsltrustees have identlfied areas of expertlse the board possesses and are deslrable wlthin their numbers. When vacancles occur new directors/trustees are appointed from approaches, suggestions and recommendations. Usually they will be invlted Bs observers to several meetlngs as part of thelr inductlon, prior to the whole board voting on their appointment.
ACKERS ADVENTURE (Limlted by guaranteel REPORT OF THE DIREcfoRS continued Inductlon and Tralnlng of Dlrectorsnrustees Most new dlrectors/trustees are already familiar wlth the work of the organlzatlon, but are encouraged to take a tou r, usually with the Ch3ir or Vice Chaif, Other directors/trustees and the Chief Executlve Officer. Additionally, directors/trustee5 agree to focu5 On 4nd support a particular area of the organlzatlon, worl(Ing with the Senior Management Team and staff. Acknowledgements The directors would Ilke to thank the many supporters, particularly those listed on page 20, without whom many Df our achievements du ring the year and the worl( that has been undertaken, would not have been possible. On behalf of the Board TRACY Dlrect SSALL 11 September 2024
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ACKERS ADVENTURE (Llmlted by guarantee) Opinion We have audlted the flnancial statements of Ackers Adventure (the 'charitable compantyl for the year ended 31 March 2024 which comprise the Statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including signlficant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Ki ngdom Accounting Standards, including Flnancial Reportlng Standard 102 The Finjnciol Reportln9 Standord opplicable In the LIK and Republic of Ireland IU nited Kingdom Generally Accepted Accounting Practice). In our opinion the flnanclal statements,. glve a true and fair view of the state of the Charitable compantys affairs as at 31 March 2024, and of its Incomlng resources and application of resources, including its income and expenditure, for the year then ended,, have been properly prepared In accordance wlth United Kingdom Generally Accepted Accounting Practi. and have been prepared in accordance with the requlrements of the Companles Act 2006. Basls of oplnlon We conducted our audit In accordance wlth I nternational Standards on Auditing IUKI IISAS IUK}l and applicable law. Our responsibilities under those 5tand3rd5 are further described in the Audltorf5 responsibilities for the audit of the financial statements section of our report. We are Independent of the charitable company in accordance with the ethical requ irements that are relevant to our audit of the financial 5tétement5 in the UK, including the FRC'S Ethlcal Standard, and we have fulfilled our other ethlcal responslbilities In accordance with these requirements. We belleve that the audlt evidence we have obtained is sufficient and appropriate to provide a basi5 of our opinion. Condu51ons relatlng to golng concern In auditing the financial statements, we have concluded that the directors use of the going concern basi5 of accounting in the preparatlon of the financial statement5 is approprlate. Based on the work we have performed, we have not identified any material uncertalnties relatlng to events or conditlons that, individually or collectlvely, may cast slgnlflcant doubt on the charitable companws abillty to continue a5 a golng concern for a perlod of at least twelve month5 from when the f inancial Statements are authorlsed for Issue. Ou r responslbllltles and the responsibllities of the directors with respect to going concern are described in the relevant section of this report. Other Informatlon The other Informatlon comprlses the information included In the dlrectors annual report, other than the flnancial statements and our auditor'5 report thereon. The dirertors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other Informatlon and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon, Our responslbillty Is to read the other infonnation and, in dolng so, conslder whether the other information is materiallv inconsistent with the financial ststements or our knowledge obtalned in the cou rse of the audit or otherwise appears to be materlally misstated. If we identify such material irlconslstencles or apparent material misstatements, we are required to determine whether this gives rise to a material mlsstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material mlsstatement of this other information, we are required to report that fact, We have nothing to report in this regard.
REPORT OF TklE INDEPENDENT AUDITORS TO THE MEMBERS OF ACKERS ADVENTURE ILlmfted by 8uarantee) Opinion5 on other matters prescribed by the Companies Act 2006 In our opinion, based on the work u ndertiken i n the course of the audit.. the informatlDn gtven In the directors, report for the financial year for whlch the flnancial statements are prepared is consistent with the financial statements; and the dlrectors, report has been prepared in accordance wlth applicable Ial requirements. Matters on which we are requlred to report by exceptlon In the Ilght of the knowledge and understanding of the charltable company and its environment obtained in the course of the audit, we have not identlfied material misstatements in the directors, report. We have nothlng to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting rècords have not been kept, or returns adequate for our audit have not been received from branches not vislted by us; or the financial Statements are not in agreement with the accou nting records and returns", or certaln di5¢1osures of directors, remuneratlon speclfled by law are not made,. or we have not received all the informatlon and explanations we require for our audit. The dlrettors were not entitled to prepare the flnanclal statements in accordance with the small companie5 regime and take advantage of the small companles, exemptions in preparing the dlrectors report and from the requirement to produce a strategic report. Responslbllltles of dlrectors As explalned more fully In the dlrectorfs responsibilities statement set out on page 3, the directors {who are also the trustee5 of the charitable company for the purposes of company law) are responsible for the preparation of the flnanclal statements and for being satlsfled that they give a true and falr vlew, and for such internal control as the directors determine 15 necessary to enable the preparation of financial statements that are free from material misstatemènt, whether due to fraud or error. In preparing the flnancial statements, the dlrectors are responsible for assessing the charltable companvs ability to continue a5 a going concern, disclosingi as applicable, matters related to going concern and using the going concern basls of accounting unless the directors either intend to Ilquldate thè charitable company Dr to cease operatlons, or have no realistlc alternative but to do so, Audltor5 responslbilltle5 for the audlt of the flnanclal statements Our objertive5 are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that include5 our opinion. Reasonable assurance is a high level of assurance, but Is not a guarantee that an audit conducted in accordance wlth ISAS IUKI will alway5 detect a material misstatement when it exists. Misstatements can arlse from fraud or error and are con51dered material if, i ndividually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
REPORTOF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ACKERS ADVENTURE {Limited byguarantee) Auditors responsibilities for the audit of the financial statements continued Irregularities, including fraud, are in5tance5 of non-compliance with laws and regulation5. We design procedures in line with our responsibilities, outlined above, to detect material mi55tatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below- We assessed the risks for susceptibility of the company's financial statements to material misstatement, including how fraud might occur by discussion with management and considered the procedures and controls that the company has established to prevent and detect fraud, and how these are monitored by management. Based on ou r understanding, we designed our audit procedures to respond to these risks and to obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. and to identify any non-compliance with laws and regulations identified in the paragraph above. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulations. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements. as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion. omission or misrepresentation. A further description of ou r responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at- www.frc.or auditorsres onsibilitie5. Thi5 description forms part of our auditor'5 report. Malcolm H J Willcox FCCA Senior Statutory Auditor For and on behalf of Malcolm Willcox & Co Chartered Certified Accountants und Registered Auditors Birmingham 11 September 2024 io
ACKERS ADVENTURE ILimited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2024 Notes Unrestricted Fund Restrlcted Funds 2024 Total 2023 Total INCOME General grants General use of the slte Ski slope admissions Outdoor activltles admisslons sales of refreshment5 Ackers Resldentlal Centre Use of Adventurous Events Tower Donatlons Investment income 16,500 10,116 207,899 156,133 17,980 32,078 5,902 1,170 3,585 45,167 61,667 10,116 207,899 156,133 17,980 32,078 5,902 1,170 3,585 108,201 9,288 205,536 167,253 14,866 28,507 5,994 67 Tota I Income 451,363 45,167 496,530 539,712 EXPENDITURE Charitable activities 435,100 82,577 517,677 521,914 Fu nd raising 3,387 3,387 3,020 Total expenditure 1438,4871 { 82,5771 1521,0641 524,934 Net expenditurelncome iioi 12,876 { 37.4101 124,534 14.778 Total funds at l April 2023 742,23Q 340,118 1,082,348 1,067,570 Total funds at 31 March 2024 755,106 302,708 1,057,814 1,082,348 All activities relate to continuing operations. li
ACI<ERS ADVENTURE (Llmited by gua ranteel BALANCE SHEET 31 MARCH 2024 2024 2023 Notes TANGIBLE FIXED ASSETS 854,740 888,997 CURRENT ASSETS stock Debtors Cash at bank and In hand 172 34,758 266,225 299 61,878 304,939 41 301,155 367,116 CREDITORS-falling due within one year 198,0811 1173,7651 NET CURRENT ASSETS 203,074 193,351 1,057,814 1,082,348 ACCUMULATED FUNDS Unrestrlcted fund Restritted funds 755,106 302,708 742,230 340,118 1,057,814 1,082,348 These financial statements have been prepared In accordance with the special provisions Df Part 15 of the Companies Act 2006 relating to Small charitable companies, Approved on 11 September 2024 on behoifof the Soard by TRACY Direct ALL 12
ACKERS ADVENTURE ILlmlted by guarantee) STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2024 2024 2023 Net cash oufflowlinflow f rom actlvitles 133,4161 88,304 Purchase of tangible fixed assets 1 5,2981 1 4,9951 Decrease/increase in cash at bank 138,7141 83,309 Cash at ban k and in hand at l April 2023 304,939 221,630 Cash at bank and in hand at 31 March 2024 266,225 304,939 RECONCILIATION OF NET EXPENDITURE/INCOME TO NET CASH OUTFLOW/INFLOW FROM ACTIVITIES 2024 2023 Net expenditure/income Depreciation Decreaselincrease in debtors Decrease/increase in creditor5 Decreaselincrease in stocks 124,5341 39,555 27,120 175,6841 127 14,778 38,888 5,0141 39,760 108 Net cash outflowlinflow from attivities 133,4161 88,304 13
ACKERS ADVENTURE (Limrted by guarantee) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES The prlnclpal accountlng policies adopted, judgements and key sources of estlmatlon uncertainty In the preparation of the flnanclal statement are as follows.. la Basls of preparatlon The flnanclal statements have been prepared In accordance with the Companies Act 2006 and Accountlng and Reportlng by Charltles.. StL7tement of Recommended Practice ISORPI and the Financial Reporting Standard 102 IFRS1021, effectlve October 2019,- also known as the Charities SORP IFRS1021. A¢kers Adventure meet5 the deflnltlon of a publlc beneflt entlty under FRS102. Assets and liabllities are Inltlally recognised at historical cost or transaction value unless othenlSe stated In the relevant a¢¢ounting policy, Judgement5 and key sour$ of estimation uncertainty The preparatlon of the flnanclal statements requlres management to make judgements, estlmates and assumptlons that affect the amounts reported. These estlmates and judgements are contlnually reviewed and are based on experience and other factors, Includlng expectatlons of f uture events that are belleved to be reasonable under the clrcumstances. Ib Icl Goln# eoneÈrn The accounts have been prepared on a Eolng concern basls as the dlrectors believe that no material uncertalntles exist, and they have a reasonable expectation that the charitable company has adequate resources to flnance Its activkies in the foreseeable future. Income recoBnltlon All Income Is Included In the accounts when: the Chgrtty Is @ntltled to thè Income; 3ny related performance conditions hawe been met or are fully within Its control; the inwme 15 C0115idered probable,, and the amount can be measured rellably. Grat)t Income relating to future accountlng perlDds1s deferred untll those perlods. lel Grants and donatlons I ncorne from grdnts and donatlons, Includlng capitsl grants, Is accounted for In incomlng resources. Grant income relating to future accounting perlods Is deferred until those periods. Fixed asset gifts In kind are re(ogni5ed when receivable and are included at fair value. CharEtable activlties expenditure All èxpenditure Is accounted for on an accruals basls, and has been classlfled under headlngs that agggate all C0515 related to the category, It is recognlzed where.. there Is a legal or constructlve obllgatlon to mal(e payments to third parties; it 15 probable that settlement will be required- and the amount of the Dbligation can be measured rellably. ExpendSture is classlfled under the followlng attlvlty headlngs,, Costs of raising funds. Expendlture on charltable attivlties, Irrecoverable VAT15 charged as a cost agalnst the actlvlty for whlch the expenditure was incurred. Igl Fund accountlng Unrestrlcted funds represent Income generated for the furtherance of the charStable objects wlthout speclfled purpose and are available a5 general fund5. D Restricted f unds can only be used for particular restrlcted purposes within the charitable objects. Taxation Ihl The company Is not Ilable to Unlted Klngdom corporatlorn tax because of its charitable status, 14
ACKERS ADVENTURE ILlmlted by guarantee) NOTES TOTHE FINANCIAL sfATEMEwfs - contlnued YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES contlnued Tanglble flxed assets and depreclatlon The 51te occupled by the company Is rented from Birmlngham Clty Council under a lease of 125 years from 25 December 2005, In vlew of the stringent covenants regarding the performance of the company's charltable actlvitles, the dlrectors conslder that no economlc value can be ascribed to the lease. On l April 2005 the company took over the principal charitable activltie5 of The Ackers Trust, and consequently the tangible flxed a5set5 of that charity were transferred to the company, Previously these assets, which included heritage a55et5, were not shown in the balanTr Sheet of The Acker5 Trust, as in the opinion of the trustees, the cost of reconstructlon and valuatlon would be too onerous compared wlth the addltional benefft derived by users of the accounts in assesslng the trustees, stewardshlp of the assets. The directors have agreed to continue this pollcy. The tanglble flxed assets dlsclosed are belng depreclated as follows.. E] The Norman Davles Centre Improvements 2% stralght-llne El Ackers 8ase Camp 2% straight.line Adventurous Events Tower 5% stralght-line Cofflputer Equlpment 33.3% reducing balance Plant and Equlpment 20Yo reduclng balance Debtors Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid after tsklng Into account any settlernent dlscounts avallable. Ikl Creditors Creditors are recogni5ed where the charity has a present Dbligation resultin8 f rom a past event that will prc)bably result in a payment to a third party and where the amount of the obllgatlon can be measured or estlmated rellably. Inancial instrument5 The charlty has flnanclal assets and flnanclal Ilablllties of a klnd that qualify as basic financial in5trument5, Baslc financlal Instruments are inltially recognised a5 transactlgn value and subsequently m2a5ured at settlement value. lrnl Stock Stock Is ststed at the lower of cost and estimated selllng prlce less costs to complete and sell. Inl Penslon cosls The company operates a deflned contribution Scheme for the beneflt of the ernployees ellglble to partlclpate. Contributlons are charged annualty to revenue, and the assets of the penslon scheme are Invested externally and managed by an insurance company, 15
ACKERSADVENTURE ILimited by 8uaranteel NOTES TO THE FINANCIAL STATEMENTS - continued YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSErs Long Leasehold Property Plant & Equlpment Total Cost: At l April 2023 Addltlons 1,354,878 58,367 5,298 1,413,245 5,298 At 31 March 2024 1,354,878 63,665 1,418,543 Depreelatlon,, At l Aprll 2023 Charge for year 470,566 37,433 53,682 2,122 524,248 39,555 At 31 March 2024 507,999 55,804 563,803 Net book value5: At 31 March 2024 846,879 7,861 854,7É10 At 31 March 2023 884,312 4,685 888,997 Notes: The cost of long leasehold property comprlses,, E] Adventurous Events Tower Ackers Base Camp Building EJ The Norman Da¥ie5 Centre improverrberrtS 344,549 563,976 446,353 1.354,878 Capltal expendlture authorlzed at 31 March 2024, but not provlded for In the account5 amounte(I to £NII12023- £NIII, 2024 2023 STOCK Drlnks and snack5 172 299 DEBTORS Operating debtors Prepald expendllure 33,521 1,237 61,212 666 24,758 61,878 CREDITORS- amountsfolllng due wlthin one yeGr.' Operatlng credltors Other credltor5 and accrued expenses Income In advance 17,143 38,184 42,754 63,937 31,933 77,895 98,081 173,765 16
ACKERS ADVEWtURE ILlmit@d by guarantee) NOTES TO THE FI NANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 continued At 1,4,23 Income Expendtture At 31.3.24 RESTRicfED FUNDS Display equipment Matting & Skl equipment Jungle/Adventure Trèk TheTower Environmentsl & volunteer days Promotlonal event The Norman Davles Centre re-development Beyond Adventure- 31(m/SEND Watersport equlprnent Friends of Ackers Ski Coffee Bar Mike Lloyd and lon Hoerner NNS Hall Green Apprentice Grant clirnbing/Archery equipment AdVenre5 away from home 1,000 2,229 4,409 86,143 821 750 195,425 19,765 5,890 11,486 6,850 3,150 1,000 4,075 6,3041 4,409 68,916 821 117,2271 7501 8,9271 118,2581 1 6,7531 5781 151 186,498 15,923 2,048 10,908 6,835 3,150 14,416 2,911 10.000 1,000 i 10,0001 I 1,0001 2,2DO 2,200 12,765 112,7651 340,118 45,167 182,5771 302.708 Thè expendlture on The Tower. The ski Coffee Bar and The Norman Davies Centre Includes depreclatlon of £26,169 12023. £26,176> charged In accordance with the accountlng pollcles set out Dn page 15. ANALYSIS OF NEf ASS5 8EfwEEN FUNDS Unrestrlcted Fund Restrlcted Funds Total 31 March 2024 Tangible fl)ted assets Current assets Credltors due wlthln one year 568,546 284,641 198,0811 286.194 16,514 854,740 301,155 198,0811 755,106 302,708 1,057,814 Unrestrlcted Fund Restrlcted Funds Totsl 31 March 2023 Tangible flxed assets Current assets Creditor5 due wlthln one year 576,634 339,361 1173.7651 312,363 27,755 888,997 367,116 173,765 742.230 340,118 1,082,348 17
ACKERS ADVENTURE ILIMtted by guarènteel NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 contlnued Unrestricted Restricled 2024 2023 GRANTS City of 8irmingham grant for rent Other grants INot& Sl 16,5 16,S¢XJ 45,167 16,500 91,701 4S,167 16,S(KJ 45,167 61,667 108.201 ANALYSIS OF RESOURCES EXPENDED BY AcfiviTIES Charitable Activities Raisln8 Funds 2024 Toial 2023 Totsl Stsff costs Salarle5 and wage5 PJatlDnal insurance Pension cost5 Staff tralnlng 255,272 13,933 11,385 2,528 2,935 252 144 258,208 14,185 11,529 2,528 233,388 16,711 7,709 3,248 Direct costs Actlvlty opèrating costs including freelance instructors Drink and snacks for resale 18,108 8,929 18,108 8,929 16,S64 6.624 Other overheads GenÈral repairs and maintenance Slte 5ecurlty Heal and118ht ReTrL rate5 and insurance Surplus Insurance provi5ion- prior year Cleaning Travel and car allowances Prlnting and ststlonerv Advertlsing, m4rketlnE and website Telephones Postae Onllrne bookln8 Systems and Other compuier costs Mlscellaneous Legal and profe55ional charge5 Payroll processlng Bank charges Hlre of eoulpment Depreclatton Bad debt 19,686 2.749 25,190 30,720 110,650 4.205 119 699 IZ,904 6,317 23 5,224 659 8,472 1,760 2.920 312 ,386 250 19,686 2,749 25,190 30,720 I ,650) 4,205 119 744 12,904 6,317 33 5,224 059 8,472 L760 2,920 312 13,386 250 12,098 3,937 9,325 31,890 4,683 320 534 12,084 5,068 197 4,783 1.099 6,12 3,991 2,791 432 12,712 45 io 435,100 82.577 3,387 438,487 82,577 396,308 128,626 Speclfi¢ grants expendlture 517,677 3,387 521,064 524,934 The above expendlturo includes support and governan costs as follows.. Supportcosts: stsff and rel812d cosls Accountlng and admlnlstratlon 71,6L3 1,760 65,264 3.991 73,373 69,255 Governan costs,. Audlt fee other professian31 and l?gal c05t5 7,AOO 672 6,120 8,472 6,120 18
ACKERS ADVENTURE (Llmltsd by guarantee) NOTES TO THE FINANCIAL STATEMENTS - continued YEAR ENDED 31 MARCH 2024 ANALYSIS OF RESOURCES EXPENDED B Y ACTIVITIES . contlnued 2024 2023 Speclflc Brant$ &xpendlturè: staff costs and subsldlslng actlvltles Depreciation Equlpment Marketlng 40,432 26,169 15,976 30,822 26,176 69,628 82.577 128,626 The Beyond Adventure- 3km fund subsidles the cost of admlsslon to Ackers for certaln dlsadvantaged groups. io EXPENDITUREIINCDME Thls is stated after charging: Depreciation AudStors remuneratlon- audlt 39.555 7,800 38,888 6,120 li STAFF Number Number The averzge weekly number of employees during the year calculated on the basis of full time equivalents wa5 as follow5.. Adminlstratlon and support Charltablé actlvltles li li The above rureS do not include the directors. No employee recelved emoluments of more than £60,0(K>. The key management personnel of the charity comprise the diro¢tor5, and the senior managerTrent team. The total employee benefits of the key management personnel v4ere £164,18612023 - E141,0671. These fi8ure5 exclude the payments detailed in note 13 below. 12 PENSION SCHEME The company operates a defined contribution scheme ft)r the benefft of employees eligible to participate. Contributions are charged annually to revenue, and for the year these amounted to £11,52912023 - £7,709), The a55ets of the pension scheme are invested externally and managed by an Insuran company. 13 RELATED PARTY TRANSAcfioNS No payments were made to the directors during the year, other than those paid to C Stroud of £69212023- £81SI, D Bateman of £1,67512023- £NIII, E Moulden of £76912023 . £2,654) and G Thomas £NII12023- £161 for thelr servlces as sesslonal instructors. Chris Stroud also rècelved £223 for providlng Instructor assessment seTh4lces at a Snowsport course. Income of £810 for room hire was received from Dave Bateman. 14 COMPANY STATUS The company is a company limited by guarantee. The guarantee is from it5 rnember5, who in the event of the compally being woulld up, may be called upon to contribute to the asset5 of the company 4 Sum not exceeding f 10 each for Ihe disch&r8e of Its liablllties. 19