ACKERS ADVENTURE (Limited by guarantee) REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Reglstered Charity No 1107240 CONTENTS Page Legal and administrative information Report of the directors 8- 10 Independent auditor5 report li Statement of financial activities 12 Balance sheet 13 Statement of ca5hflows 14- 19 Notes to the financial statement5 20 Acknowledgements ACKERS ADVENTURE
ACKERS ADVENTURE (Llmlted by guarantee) LEGAL AND ADMINISTRATIVE INFORMATION Incorporatlon: Company limited by guarantee on 23 September 2004 Company number: 5239365 Charlty re8lstratlon: 1-107-240 Reglstered offlce: Ackers Base Camp, Golden Hlllock Road, Sparkbrook, Blrmingham, Bll 2PY Governlng body: Board of directors, who are also trustees, are disclosed on page 3 Senlor management team: Steven Jewell Sue Macbeath Mark Scott Mike Owen Julie Hyde Chief Executive Offlcer Finance and Fund Ralsing Manager Head of Winter Sports Activities Head of Adventurous Activltles Education Liaison Offlcer Audltors: Messrs Malcolm Willcox & Co Chartered Certified Accountants and Registered Audltors Hagley House, 93 Hagley Road, Edgbaston, Birmingham, B16 8LA Bankers: The Co-operative Bank PIC l Balloon Street, Manchester, M60 4EP Virgin Money Symington House, 7-8 North Avenue, Clydebank Business Park, Clydebank, G812NT
ACKERS ADVENTURE ILlmlted by guarantee) REPORT OF THE DIRECTORS The dlrectors submit thelr annual report and the audited flnanclal statements for the year ended 31 March 2025. The dlrectors conflrm that the Annual Report and fSnancial statements of the company comply with the current statutory requlrements, the requirements of the company's governlng document and the provlsions of the Statement of Recommended Practlce ISORPI, appllcable to charltles preparing thelr accounts in accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 1021 Ipubllshed In October 20191. Flnanclal Result As shown In the statement of financlal actlvlties on page 11, the result forthe year was a net deflclt of £40,698. Prlnclpal Aetlvltles Ackers Adventure, an Independent charitable Ilmlted company, commenced operatlng on l Aprll 2005 to contlnue and expand on the aims and objectives of The Ackers Trust. The TrL¢St. set up In 1981, contlnues to protect the slte synonymously wlth Ackers Adventure. The Object of Ackers Adventure Is the general beneflt of the Inhabltants of the West Midlands and elsewhere In such charltable ways as the dlrectors thlnk flt, The Mission Is to provlde a broad range of outdoor adventurous actlvltles and experlences whlch Insplre, challenge and promote Indlvlduals In a safe and enjoyable envlronment. The current Alms are., To provlde a centre of excellence offering a wlde range of outdoor adventurous actlvities In an urban envlronment for the whole communlty. To contlnue to develop and Improve existlng and new facllltles and 5ervlces. To provide a safe environment Sn whlch to undertake challenglng actlvltles whlch are both educational and recreatlonal. Activltles Include.. skllng, snowboardln& tobogganin& tublng, canoelng, kayakln& orlenteerlng, team bulldlng, archery, bush craft and survlval skllls; Disc Golf; axe throwlng,. and fan descender, zlp wlres. cllmblng and abseiling features on the 22m high Tower. Publlc Benefit Ackers Adventure provldes Publlc Beneflt In all three areas of the organisatlon's Alms.. To maintaln and enhance the slte as a publlc amenlty.. The 50-acre slte Isfreely open to pedestrlans 24 hours a day, 7 days per week wlth entrances from all the surroundlng communities. Free daytSme parklng is also avallable. The slte provldes attractlve rlver, waterwayi wetland and woodland walks through a blo-dlverse range ol habltats. There are also Informal play areas, picnlc spaces, benches and cycle paths. The slte Is home to a wlde varlety of flora and fauna, Includlng some rare specles, A summatlve leaflet has been publlshed. Improvements are undertaken by volunteer and/or grant alded schemes, worklng wlth The Ackers Trust, local Companies and the Local Authority. To provlde educatlonal and recreatlonal facllltles for the whole communlty and In particular young people and those with speclal needs: A wlde range of adventurous actlvltle5 are provlded Imalnly wlth Instruction by quallfled professlonal Instructors), This year the 3km project contlnued to offer actlvitles at very low cost to those Ilvlng locally. Taster Days and events are arranged for adults and families, as well as a wlde range of lessons and tralnlng avallable to all. When we work wlth corporate bodles, we seek full cost recovery, Includlng a contrlbution toward our subsldlsed groups.
ACKERS ADVENTURE {Limited by guarantee) REPORT OF THE DIRECTORS contlnued Publlc Beneflt - continued To conserve part of the slte, provlding envlronmental and volunteerlng opportunities: To maintain the environmental aspect of the site. Volunteers from Companies make a signiflcant impact to the upkeep and development of the site (see Volunteering). Status and Share Capltal The company is limlted by guarantee and, as such, has no share capital. It Is reglstered with the Charlty Commlsslon as a charity. Dlrectors/Trustees The dlrectors are also trustees of the charltable companyi and those who served durlng the year were: David Bateman Lydia Honey Ireslgned 1412120251 lan Lane Emma Martln Marghoob Mohamed Eddy Moulden Chris Stroud (Vice Chalr) GeoffThomas Tracy Wassall (Chairl The followlng director retire5 by rotation at the annual general meeting and will be seeking re-election. lan Lane Dlrectors Responslbllltles The dlrectors are responsible for preparlng the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Klngdom Generally Accepted Accountlng Practice). Company law requlres the dlrectors to prepare financial statements for each flnancial year. Under company law the directors must not approve the flnanclal statements unless they are satisfled that they give a true and fair vlew of the state of affairs of the charitable company and of the incoming resources and applicatlon of resources, includlng the Income and expendlture, of the charltable company for that period. In preparlng these flnancial statements, the directors are required to: select suitable accountlng policies and then apply them consistently; observe the methods and princlples in the Charities SORP 2019 IFRS 1021,. make judgements and estimates that are reasonable and prudent. state whether applicable UK Accountlng Standards have been followed, subject to any materlal departures disclosed and explained In the flnancial statements; prepare the financlal statements on the going Concern basis unless it Is inapproprlate to presume that the charitable company wlll contlnue In operatlon,
ACKERS ADVENTURE (Limited by guarantee) REPORT OF THE DIRECTORS contlnued Dlrectors Responslbllltles contlnued The dlrectors are responsible for keeping adequate accounting records that dlsclose with reasonable accuracy at any tlme the financlal position of the charitable company and enable them to ensure that the flnancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities. Statement as to Dlsclosure of Informatlon to Audltors So far as the directors are aware, there Is no relevant audit informatlon las deflned by Section 418 of the Companles Art 20061 of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a dlrector in order to make hlmself or herself aware of any relevant audit Information and to establish that the company's audltors are aware of that information. Audltors The auditors, Messrs Malcolm Wlllcox & Co, Chartered Certified Accountunts and Registered Auditors, have slgnified thelr willingness to continue In office, and thelr re-appointment will be competitively consldered. Revlew of Actlvltles Achlevements und Performance 2024/2025 We were able to recrult two new apprentlces again during the year and offer full tlme employment to the previous year's apprentice. In an effort to increase local communlty awareness, a free open day was held in partnership wlth Canals & River Trust. The day was hugely successful with over two thousand people attending. Ackers has also provided free archery sessions in partnership with the Birmingham Youth Sports Associatlon and attended several communlty events In parks and at local schools, providing archery and dlsc golf. Our wlfl has been improved wlth the addition of flbre and 3 new Pc's to stabilise the connection. A new coffee machine was bought for the skl centre along wlth merchandlse in an effort to develop secondary spend income. Thls offers a much-improved product. Flnancial Revlew Overall, there was a loss of £40,698 durlng the year. This comprised an operating loss of £2,645 in unrestricted funds and £38,053 in restrlcted funds. Thls was due to fewer grants being received durlng the year and depreciation of equlpment. Snowsports New matting was fltted to the main ski slope, improvlng safety and glide for skiers. The nursery slope is also in need of resurfacing. Overall ski slope admissions were up on the prevlous year, bringing the Income generated to £221,501. School &Youth New part funded activity sesslons have started running at weekends for chlldren and young people with SEND and thelr sibllngs. These have proved popular with around 20 youngsters participating each weekend. We hope to develop this further with overnlght stays for SEN D groups. Outdoor Actlvltles A new artivlty, Axe Throwing, has been established to offer a new challenge and help cater for larger groups. Staff have been trained and were practisingi ready for the start of sessions.ln Aprll.
ACKERS ADVENTURE (Llmlted by guarantee) REPORT OF THE DIRECTORS - continued Resldentlal The residential centre has been promoted vla Airbnb and has increased Its Income from £32k to £37k this year. Woodlands Camp Durlngthe year an opportunity came along to operate the Woodlands Camp In Bewdley for 3 months oftheyear from May to July 25. The site offers resldentlal camping experlences with outdoor activities to schools across the UK, It was decided to go ahead subject to due diligence checks. The contracts were drawn up In readiness to sign. Expendlture A full tlme instructor has reduced his hours to 3 days per week as part of a phased retirement. One apprentice has left and one has been taken on full time. There were no notable changes to spendlng thi5 year, other than general rislng costs and the natlonal minimum wage increases. Volunteers The Community Payback Scheme continued to provlde approximately 6 people for 3 days per week to help wlth managing the environmental aspect of the slte and generally keeping the slte tidy. Other volunteer groups came from Barclays Bank, the Environment Agency and West Mldlands Combined Authority. Envlronmental Impact Ackers Adventure continued to mlnimise its envlronmental Impact with solar panels fitted to all three of Its buildings. Recycling facilities for paper, cans and plastics were In use. The majority of the site is planted with native trees providing a haven for wildlife and enhanclng alr quallty. Plans for the future To grow the awareness and usage of the Woodlands Camp. To raise funds to resurface the nursery ski slope. To continue to recruit new Dlrectors. To explore the provision of HAF programmes In school holidays. To purchase new laptOP5. To develop more SEND packages, Chalrman's note l am happy to report that the related business referred to in my last report has now been acqulred. Due to the help of our Accountants, Malcolm Wilcox & Co and a firm of Solihull 5011cltors Pearcelegal, we are able to renegotiate the terms of the deal in our favour. The acqulsltion of the Woodlands Camp In Bewdley will offer residentlal camping experiences with outdoor actlvltles to schools across the UK durlng the summer months. This will posltlvely improve our flnancial results for 2025/6 and the following year at the very least.
ACKERS ADVENTURE (Limited by guarantee) REPORT OF THE DIRECTORS continued Chalrman's note contlnued On the financial front, while our ski income and resldential centre income both increased last year, overall Income was down by just over £IOk and as our costs increased again, we suffered an unrestricted fund deflcit of just over £2.5k. The reduction In income was largely due to lower grants received, as we contlnue to find greater competition from other organlsations and grant providers having less to distribute, Nevertheless, Sue continues to do a wonderful Job by generating much needed funding, with more emphasls going forward on grants related to providlng activitles to users, partlcularly for Special Educatlonal Needs and Dlsability groups, activitles. She has however manged to secure a substantial grant for ski matting that will be reflected In the 202516 accounts. As costs contlnue to rlse, we will need to Increase our income golng forward. We did improve our customer offerln8s durlng the year with the acquisitlon of a coffee machlne and ice cream freezer, and we will contlnue to look at other ways of increasing our Income. Our cash reserves remain adequate for our ongoin8 purposes. We were able to recrult two new apprentices again durlng the year and offer full time employment to the previous year's apprentice. We will contlnue to invest in young people to ensure the sustainabllity of the organisatlon. Our Head of Adventurous Actlvities, Mlke Owen has taken the declsion to reduce his hours, as one of our experlenced instructors, so the contlnued investment In apprentlces is even more critlcal. The actlvity levels on the playlng flelds and pavilion on the land fronting Golden Hillock Road contlnues to grow exponentlally due to Anwar and the Birmlngham Youth Sports Assoclation, who we have been working with to help secure addltional facilitles to beneflt the local communlty. Steve has also attended meetings of Friends of Ackers Park and we wlll continue to explore ways of improving our communlty engagement. None of the above would have been posslble without the efforts from the Senior Management Team of Sue, Mark, Mlke and Julle, well led by Steve Jewell our CEO, and our hard-worklng employees who contlnue to dellver and develop. Without their dedlcation and appllcation, we would not be In the positlon we are, to confidently move forward to contlnue to invest in facllities and staff, expand our customer base and make new partnership5. Flnally, can I thank the Board of Dlrectors for their support over thls and many years. These volunteers continue to guide the organisation and contribute greatly to the contlnued success of Ackers Adventure. Unfortunately, Lydla Honeyi who onlyloined us last year, had to resign due to a change in work commltments but we hope to add to our board In 2025. We are always looking for new people to add to the skills and experlence on the board and are continuing to look to recruit people who can develop the organlsation further. For 202516, we are looking at our staff and organisational procedures to ensure that they remaln relevant in an ever more complex world and we hope that our Woodlands Investment wlll prove even more remunerative in 2026 than It has in 2025. Reserves Pollcy The reserves pollcy continues in it5 alm to build up, when the financial positlon makes it P0551ble, a free cash reserve that equates approximately to six months unrestrlcted expenditure. Golng Concern After reviewlng the company's projections, the dlrectors have a reasonable expectation that the company has adequate resources to finance its activltles In the foreseeable future. Therefore, the accounts have been prepared on the going concern basis.
ACKERS ADVENTURE (Llmited by guarantee) REPORT OF THE DIRECTORS contlnued Operatlonal Pollcles The company has comprehensive, well documented and regularly reviewed sets of plans, pollcles, procedures and guldellnes for all of its actlvlties, buslness, IT, operatlons and staff. These Include health & safety, equal opportunltles, safeguarding procedure, flnancial regulations, customer service and complaints. Risk Management The dlrectors have examined the major strateglc, business and operatlonal risks whlch the company faces 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. Recrultment and Appolntment of Dlrectorsnrustees The vast majorlty of our work focuse5 on young people and brlngs us into contact with a wide range of organizatlons, groups and Ilke-minded statutory and voluntary bodles. We encourage a close working relationship with representatives of these groups. To ensure there are no conflicts of interest, directors declare thelr Interests annually and for any changes during the year, Directors/trustees have identlfled areas of expertise the board possesses and are deslrable wlthln their numbers. When vacancles occur new dlrectors/trustees are appolnted from approache5, suggestlons and recommendatlons. Usually they will be invited as observers to several meetlngs as part of their inductlon, prior to the whole board voting on thelr 3ppolntment. Inductlon and Tralnlng of Dlrectors/Trustees Most new dlrectorsltrustees are already familiar wlth the work of the organlzatlon, but are encouraged to take a tour, usually with the Chair or Vice Chair, other directorsltrustees and the Chief Executlve Offlcer. Additionally, directors/trustees agree to focus on and support a particular area of the organizatlon, worklng with the Senlor Management Team and staff. Acknowledgements The directors would like to thank the many supporters, particularly those listed on page 20, wlthout whom many of our achievements during the year and the work that has been undertaken, would not have been possible. On behalf of the Boord TRACY W Directo LL 17 September 2025
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ACKERS ADVENTURE (Llmited by guarantee) Opinlon We have audited the financial statements of Ackers Adventure Ithe 'charltable company'l for the year ended 31 March 2025 which comprlse the statement of flnanclal activitles, balance sheet, statement of cash flows and notes to the flnancial statements, including significant accountlng pollcles. The flnancial reportlng framework that has been applied in thelr preparatlon is applicable law and United Klngdom Accounting Standards, including Flnancial Reportlng Standard 102 The Financlol Reporting Standard oppllcoble In the UK ond Republlc of Ireland (United Kingdom Generally Accepted Accountlng Practice). In our opinion the financlal statements: glve a true and falr vlew of the state of the charltable company's affairs as at 31 March 2025, and of Its Incoming resources and applicatlon of resources, including Its income and expenditure, for the year then ended; have been properly prepared in accordance with Unlted Kingdom Generally Accepted Accounting Practice; and have been prepared In accordance with the requlrements ofthe Companles Act 2006. Basis of oplnlon We conducted our audlt in accordance with International Standards on Audltln8 IUKI IISAS IUKII and appllcable law. Our responslbllities under those standards are further descrlbed in the Audltor's responsibilitles for the audlt of the flnanclal statements section of our report. We are independent of the charitable company in accordance with the ethical requlrementS that are relevant to our audit of the financlal statements In the UK, includlng the FRC'S Ethlcal Standard, and we have fulfilled our other ethical responsibllitles In accordance with these requirements. We believe that the audit evidence we have obtained is sufflclent and appropriate to provide a basls of our opinlon. Conclusions relatlng to golng concern In auditing the financlal statement5, we have concluded that the dlrectors use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identifled any materlal uncertainties relatlng to events or conditions that, Individually or collectlvelyp may cast slgnificant doubt on the charitable company's ability to continue as a golng concern for a period of at least twelve months from when the flnancial statements are authorlsed for issue. Our responsibllltles and the responsibilltles of the directors with respect to going concern are descrlbed in the relevant section of this report. Other Informatlon The other information comprlses the Information included In the dlrectors annual report, other than the flnanclal statements and our audltor's report thereon. The dlrectors are responsible for the other informatlon contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise expllcltly stated in our report, we do not express any form of assurance conclusion thereon. Our responslbllity is to read the other Information and, in dolng so, consider whether the other informatlon Is materially inconsistent wlth the flnancial statements or our knowledge obtained In the course of the audlt or otherwise appears to be materially misstated. If we identify such material inconsistencles or apparent material mlsstatements, we are required to determine whether this glves rise to a material misstatement in the financlal statements themselves. If, based on the work we have performed, we conclude that there Is a materlal misstatement of this other Information, we are requlred to report that fact. We have nothing to report in this regard.
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ACKERS ADVENTURE (Llmlted by guarantee) Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given In the directors, report prepared for the purposes of company law, for the financial year for whlch the financlal statements are prepared Is consistent with the flnancial statements. and the directors, report has been prepared in accordance with applicable legal requlrements. Matters on whlch we are requlred to report by exception In the light of the knowledge and understandlng of the charitable company and its environment obtained In the course of the audit, we have not Identified materlal mi5Statements in the dlrectors, report. We have nothing to report in respect of the followlng matters in relatlon to which the Companies Act 2006 requires us to report to you if, in our oplnion: adequate accountlng record5 have not been kept, or returns adequate for our audit have not been received from branches not vlslted by us. or the financlal statements are not In agreement with the accounting records and returns. or certain dlsclosures of dlrectors, remuneration specifled by law are not made; or we have not received all the informatlon and explanètlons we require for our audit. The dlrectors were not entitled to prepare the flnanclal statements In accordance wlth the small companles regime and take advantage of the small companies, exemptlons in preparlng the dlrectors report and from the requlrement to produce a strategic report. Responslbllities of dlrectors As explalned more fully in the director's responslbllities statement set out on page 3, the directors Iwho are also the trustees of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfled that they glve a true and falr view, and for such internal control as the directors determine is necessary to enable the preparation of flnancial statements that are free from material misstatement, whether due to fraud or error. In preparing the flnancial statements, the directors are responslble for assesslng the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to Bolng concern and uslng the going concern basis of accounting unless the directors elther intend to liquidate the charitable company or to cease operations, or have no reallstic alternative but to do so, Audltors responslbllltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financlal statements as a whole are free from material mlsstatement, whether due to fraud or error, and to issue an auditor's report that Includes our opinion, Reasonable assurance Is a hlgh level of assurance, but Is not a guarantee that an audit conducted In accordance wlth ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arlse from fraud or error and are consldered materlal If, individually or in the aggregate, they could reasonably be expected to Influence the economlc decisions of users taken on the basis of these financial statements.
REPORT OF THE INDEPENDENT AUDITOR5 TO THE MEMBERS OF ACKERS ADVENTURE {Limited by guarantee) Audltors responsibilities for the audlt of the financial statements - contlnued Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of irregularitie5, 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 our 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 re8ulations. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, a5 we will be less likely to become aware of instances of non-compliance. The risk 15 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 our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.or auditorsres onsibilities. This description forms part of our auditor's report. Malcolm H J Willcox FCCA Senior Statutory Auditor For and on behalf of Malcolm Willcox & Co Chortered Certified Accountonts ond Registered Auditors Birmingham 17 September 2025 io
ACKERS ADVENTURE (Limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025 Notes Unrestricted Fund Restricted Funds 2025 Total 2024 Total INCOME General grants General use of the site Ski slope admlsslons Outdoor activities admlssion5 Sales of refreshments Ackers Residential Centre Use ofAdventurous Events Tower Donatlons Investment Income 16,500 7,023 221,501 147,207 15,051 36,978 9,197 65 6,131 25,416 41,916 7,023 221,501 147,207 15,051 36,978 9,197 65 6,131 61,667 10,116 207,899 156,133 17,980 32,078 5,902 1,170 3,585 Total Income 459,653 25,416 485,069 496,530 EXPENDrruRE Charitable activitles 459,002 63,469 522,471 517,677 Fund ralslng 3,296 3,296 3,387 Total expenditure {462,2981 163,4691 {525,767} 1521,0641 Net expendlture iioi { 2,6451 { 38,0531 140,698} 124,5341 Total funds at l Aprll 2024 755,106 302,708 1,057,814 1,082,348 Total funds at 31 March 2025 752,461 264,655 1,017,116 1,057,814 All activities relate to continuing operatlons. li
ACKERS ADVENTURE (Limlted by guarantee) BALANCE SHEET 31 MARCH 2025 2025 2024 Notes TANGIBLE FIXED ASSETS 820,690 854,740 CURRENT ASSETS Stock Debtors Cash at bank and In hand 294 32,186 237,145 172 34,758 266,225 (41 269,625 301,155 CREDITORS -falling due wlthin one yeor 173,1991 198,0811 NET CURRENT ASSETS 196,426 203,074 1,017,116 1,057,814 ACCUMULATED FUNDS Unrestrlcted fund Restricted funds 752,461 264,655 755,106 302,708 1,017,116 1,057,814 These financlal statements have been prepared in accordance wlth the special provisions of Part 15 of the Companies Act 2006 relating to srnall charitable companles. Approved on 17 September 2025 on beholf of the Boord by TRACY W Director 12
ACKERS ADVENTURE (Limited by guarantee) STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2025 2025 2024 Net cash outflow from actlvltles 122,1301 133,4161 Purchase of tanglble flxed assets 1 6,9501 1 5,2981 Decrease In cash at bank 129,0801 138,7141 Cash at bank and in hand at l April 2024 266,225 304,939 Cash at bank and In hand at 31 March 2025 237,145 266,225 RECONCILIATION OF NET EXPENDITURE TO NET CASH OUTFLOW/INFLOW FROM ACTIVITIES 2025 2024 Net expenditure Depreclatlon Decrease debtors Decrease in credltors Increase/decrease in stocks Loss on dlsposal of flxed assets 140,6981 40,927 2,572 124,8821 122} 73 124,5341 39,555 27,120 175,6841 127 Net cash outflow from activlties 122,1301 133,4161 13
ACKERS ADVENTURE ILlmSted by guarantee) NOTESTO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES The prlnclpal accounting policles adopted, judgements and key sources of estimatlon uncertainty In the preparatlon of the flnanclal statement are as follows: lal Basi$ of preparatlon The flnanclal statements have been prepared in a¢¢ordance with the Companles Act 2006 and Accounting and Reportlng by Charitles.. Statement of Recommended Prortlce ISORPI and the Flnanclal Reporting Standard 102 IFRS1021, effectlve October 2019; also known as the Charltles SORP IFRS1021. Ackers Adventure meets the definitlon of a publlc beneflt entlty under FRS102. Assets and Ilabllltles are Inltlally recognlsed at hlstorlcal cost or transactlon value unless otherwSse stated In the relevant accounting poll¢y. Judgements and key sources of estlmatlon uncertalnty The preparatlon of the flnanclal statements requlres management to make Judgements, estlmates and a55umptlons that affect the amounts reported. These estimates and Judgements are contlnually reviewed and are based on experlence and other factors, Includlng expectations of future events that are belleved to be reasonable under the clrcumstances. Ibl Icl Golng concern The accounts have been prepared on a golng concern basi5 a5 the dlrectors belleve that no materlal uncertalntles exlst, and they have a reasonable expectatlon that the charitable company has adequate resources to flnance rts activltles In the foreseeable future. Idl Income recognltlon All Income Is included in the accounts when: the Charlty Is entitled to the Income; any related performance conditions have been met or are fully wlthln Its control; the Income Is consldered probable; and the amount can be measured reliably. Grant Income relatlng to future accountlng periods Is deferred untll those perlods, lel Grants and donatlons Income from grants and donatlons, IncludSng capitsl grants,15 accounted for In Incomlng resources. Grant Income relating to future accountlng perlods Is deferred untll those period5. Flxed asset glfts In klnd are recognlsed when receivable and are Included at falr value. Charltable actlvltles expendlture All expendlture15 accounted for on an accruals basls, and has been classlfled under headlngs that aggregate all costs related to the category. It is recognized where.. there Ss a legal or constructive obllgation to make payments to thlrd parties; it is probable that settlement wlll be requlred; and the amount of the obligation can be measured rellably. Expendlture Is classlfled under the foSlowlng activity heading5; Costs of raSslng funds. Expendlture on charltable actlvltles. Irrecoverable VAT Is charged as a cost agalnst the actlvlty for which the expenditure was incurred. Fund accountlng Igl Unrestrlcted funds represent Income generated for the furtherance of the charltable objects wlthout speclfled purpose and are avallable as general funds. Restrlcted funds can only be used for partlcular restrlcted purposes wlthln the charltable object5, Ihl Taxatlon The company Is not Ilable to Unlted Klngdom corporatlon tax because of Its charltable status. 14
ACKERS ADVENTURE (Llmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS - contlnued YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES contlnued Tanglble flxed asset5 and depreelatlon The slte occupled by the company Is rented from Blrmlngham City Councll under a lease of 125 years from 25 December 2005, In vlew of the strlngent covenants regardlng the performance of the company's charitable actlvltles, the dlrectors conslder that no economlc value can be ascrlbed to the lease. On l Aprll 2005 the company took over the prlnclpal charltable artlvltles of The Ackers Trust, and consequently the tsnglble flxed assets of that charlty were transferred to the companv, Previously these assets, whlch Included herltsge assets, were not shown In the balance sheet of The Ackers Trust, as in the oplnlon of the trLSStees, the cost of reconstructlon and valuatlon would be too onerous compared wlth the additional beneflt derlved by users of the accounts In assesslng the trustees, stewardshlp of the assets, The directors have agreed to contlnue thls policy. The tanglble flxed assets dlsclosed are being depreclated as *ollows'. The Norman Davles Centre Improvements 2% stralght-llne Ackers Base Camp 2% stralght-llne El Adventurous Events Tower 5% straight-llne D Computer Equlpment 33,3% reduclng balance Plant and Equlpment 20% reduclng balance ui Debtors Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepald after taklng Into account any settlement discounts available. Ikl Credltors Creditors are recognlsed where the charity has a present obllgatlon resultlng from a past event that wlll probably result in a payment to a thlrd party and where the amount of the obllgatlon can be measured or estimated re51ably. Flnanclal Instrument5 The charlty has financial assets and flnanclal Ilabllltles of a klnd that quallfy as ba51¢ flnanclal Instruments. Baslc flnanclal Instruments are inltlally recognlsed as transactlon value and subsequently measured at settlement value. Im) Stock Stock Is stated at the lower of cost and estlmated selllng prlce less costs to complete and sell. In) Penslon costs The company operates a deflned contribution scheme for the benefit of the employees ellglble to partlclpate. Contrlbutions are charged annually to revenue, and the assets of the pension scheme are Invested externally and managed by an insurance company. 15
ACKERS ADVENTURE (Llmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS - contlnued YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSETS Long Leasehold Property Plant & Eqvlpment Total Cost: At l April 2024 Additions Dlsposals 1,354,878 63,665 6,950 5,5091 1,418,543 6,950 5,5091 At 31 March 2025 1,354,878 65,106 1,419,984 Depreclatlon: At l AprS12024 Charge for year On dlsposals 507,999 37,433 55,804 3,494 5,4361 563,803 40,927 5,4361 At 31 March 2025 545,432 53,862 599,294 Net book values: At 31 March 2025 809,446 11,244 820,690 At 31 March 2024 846,879 7,861 854,740 Notes: The tost of long leasehold property comprlses: tJ Adventurous Events Tower Ackers Base Camp Bullding The Norman Davles Centre Improvements 344,549 563,976 446,353 1,354,878 Capitsl expendlture authorlzed at 31 March 2025, but not provided for In the accounts amounted to £NII12024- £NIII. 2025 2024 STOCK Drlnks and snacks 294 172 DEBTORS Operatlng debtors Other debtors and prepayments 31,029 1,157 33,521 1,237 32,186 34,758 CREDITORS- omountsfvlllng due wlthln one yeur.. Operatlng credStor5 Other credltors and accrued expenses Income in advance 12,734 26,865 33,600 17,143 38,184 42,754 73,199 98,081 16
ACKERSADVENTURE ILimited by guarantee) NOTESTO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 contlnued At 1.4.24 Income Expendlture At 31.3.25 RESTRICTED FUNDS Display equlpment Matting & Ski equlpment Jungle/Adventure Trek The Tower Environmental & volunteer days The Norman Davles Centre re-development Beyond Adventure- 3km/SEND Wate¥sport equSpment Friends of Ackers Skl Coffee Bar Mlke Lloyd and Jon Hoerner Apprentlce Grant Cllmblng/Archery equlpment Adventures away from home Snowsport England 1,000 1,000 400 4001 4,409 68,916 821 186,498 15,923 2,048 10,908 6,835 3,150 4,409 51,689 117,2271 8211 8,9271 113,1181 177,571 8,005 2,048 10,908 6,825 5,200 ioi 1 3,1501 1,0001 1,000 2,200 2.200 17,380 1,436 117,3801 1 1,4361 302,708 25,416 163,4691 264,655 The expenditure on The Tower, The Skl Coffee Bar and The Norman Davles Centre Includes depreclatlon of £26,16412024 £26,1691 charged In accordance wlth the accountlng pollcles set out on page 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlcted Fund Restrlcted Funds Total 31 March 2025 Tanglble flxed a55ets Current assets Credltors due wlthln one year 560,660 265,000 173,1991 260,030 4,625 820,690 269,625 173,1991 752,461 264,655 1,017,116 Unrestricted Fund Restricted Funds Total 31 March 2024 Tanglble fixed a55ets Current assets Credltors due withln 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 17
ACKERS ADVENfuRE ILlmlted by guar3nteel NOTES TO THE FINANCIALSTATEMENTS - contlnued YEAR ENDED 31 MARCH 2025 Unrestritted Restrfcted 2025 2024 GRATrtrs Clty of Blrmlngham grant for rent other grants (Note 61 16,500 16,500 25,416 16,500 45,167 25,416 16,5(M) 25,416 41,916 61,667 ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES Charltable Activitie5 Ralsln8 Funds 2025 Total 2024 Total Staff costs Salarles and wa8es National insuraE)ce Pension costs Staff tralr)Ing 272,091 14,397 11,406 2,592 2,821 269 151 274,912 14,666 11,557 2,592 258,208 14,185 11,529 2,528 Dlrect costs Activity operating costs Includln8 freelance Instructors Drlnk and snacks for resale 18,380 8,110 18,380 ,iio 18,108 8,929 Other overheads General repalrs and maintenance Site security Heat and118ht Rent, rates and Insurance Surplus insurance provlslon- prlor year ClÈanln8 Travel and ¢aralloWanS Prlntlng and ststionery Advertising, marketln8 and web51te Telephones Postage Online booklng systerns and other computer costs Mlscellaneous Legal and professlonal charges Payroll processlng Bank char8es Hire of èqulpn)ent Depreclatlon B3d debt Loss on dlsposal of computer equlpment 15,212 3,322 16,983 33,542 15,212 3,322 16,983 33,542 19,686 2,749 25,190 30,720 110,6501 4,205 119 744 12,904 6,317 33 5,224 659 8,472 1,760 2,920 312 13,386 250 5,471 263 554 13,047 6,779 15 5,162 828 10,830 2,051 2,819 312 14,763 5,471 263 599 13,047 6.779 25 5,162 828 10,830 2,051 2,819 312 14,763 45 io 73 73 459,002 63,469 3,296 462,298 63,469 438,487 82,577 Speclflt grants expendlture 522,471 3,296 525,767 521,064 The above expendlture Includes support and 8overnance costs a5 follows.. Support costs; Staff and related ¢osts Atcountlng and admlnlstration 75,932 2,051 71,613 1,760 77,983 73,373 Governance costs: AudSt fee other professlonal and legal tosts 7,200 3,630 7,800 672 10,830 8,472 18
ACKERS ADVENTURE (Llmlted by guaranteel NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 continued ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES contlnued 2025 2024 5peclflc grants expendlture: Staff costs and subsldlslng actlvltles Depreclatlon Equlpment 29,621 26,164 7,684 40,432 26,169 15,976 63,469 82,577 The Beyond Adventure- 3km fund subsldles the cost of admission to Ackers for certain dlsadvantaged groups. io NET EXPENDITURE Thls Is stated after charging.. Depreciatlon Audltors remuneratlon- audlt 40,927 7,200 39,555 7,800 li STAFF Number Number The average weekly number of employees durlng the year calculated on the basis of full time equlvalents was as follows; Admlnlstration and support Charltable activltles li li The above figures do not Include the dlrectors. No employee recelved emoluments of more than £60,000. The key management personnel of the charlty comprise the directors, and the senior management team, The total employee benefits of the key management personnel were £162,02912024 £164,1861. These flgures exclude the payments detailed In note 13 below. 12 PENSION SCHEME The company operates a deflned contrlbutlon scheme for the benefit of employees eligible to partlcipate. Contrlbutlons are charged annually to revenue, and for the year these amouy)ted to £11,55712024 - £11,529). The assets of the penslon scheme are invested externally and managed by an Insurance company. 13 RELATED PARTY TRANSACTIONS No payments were made to the dlrectors durlng the year, other than those pald to C Stroud of £61412024 - £6921, D Bateman of £1,56512024- £1,675) and E Moulden of £2,55812024 £7691 for thelr servlces a5 5esslonal instructors. Income of £360 lor room hire was recelved from Dave Bateman. 14 COMPANY STATUS The company Is a company Ilmited by guarantee. The guarantee Is from Its members, who In the event of the companv belng wound up, may be Called upon to contrlbute to the assets of the company a sum not exceeding £10 each for the discharge of its IlabllStles. 19
ACKERS ADVENTURE (Limited by guarantee) ACKNOWLEDGEMENTS TO SPONSORS AND DONORS YEAR ENDED 31 MARCH 2025 The directors extend special thanks to the following sponsors and donor5 who have given generous support during the year.,
All of the Indlvldual volunteers who have donated thousands of hours and worked hard to Improve the slte and Its facllftles. Baron Davenports Charlty Channel Tralning Charles Brotherton Trust George Henry Colllns Trust S & D Lloyd Trust Snowsport England The Measures Trust UKYouth West Midlands Probation Servlce 20