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|Registered Oflice:
Kingsnorth
House|Operational
address ofCharity:
Woodlands
Adventure 5Outdoor|Learning|
|---|---|---|
|Blenheim
Way Birmingham|Bourne Vale, Aldridge||
|B448LS|Walsall, WS9 OSH||
|Independent
Examiner".|Bankers:||
|Karen
Hanlanlndependent|HSBC Bank Pic||
|Examiner
Limited|53Anchor Road||
|12Waterloo Close, Wellesbourne|Aldridge||
|Warwickshire,
CV35 9JG|Walsall, WS9 8AD||
##
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##
##
||||Un-||||
|---|---|---|---|---|---|---|
||||restricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|Income from:||Note|2021|2021|2021|2020|
||||||f|f|
|Donations
and legacies|||134,779|10,534|145,313|85,032|
|Charitable
activities|||5,974||5,974|273,431|
|Trading activities||||||3,254|
|investments|||13,300||13,300|20,021|
|Total income|||154,053|10,534|164,587|381,738|
|Expenditure
on:|||||||
|Raising funds|||637||637|4,821|
|Charitable
activities|||238,419||242,183|395,422|
|Other expenditure|||1,076||1,076|735|
|Total expenditure|||240,132|3,764|243,896|400,978|
|Net gains/(losses)
on investments|||74,480||74,480|(33,972)|
|Net (expenditure)/|income||(11,599)|6,770|(4,829)|(53,212)|
|Transfers between|funds||3,334|(3,334)|||
|Other recognized
(losses)/gains||17|(1,381)||(1,381)|1,298|
|Net movement
in funds|||(9,646)|3,436|(6,210)|(51,914)|
|Reconciliation
offunds:|||||||
|Total funds brought|forward|12|1,080,276|6,431|1,086,707|1,138,621|
|Total funds carried|forward||1,0701630|9,867|1,080,497|1,086,707|
##
||||2021|2020|
|---|---|---|---|---|
|Balance sheet|||f||
|Fixed Assets|||||
|Tangible assets|||674,303|726,097|
|Investments|||||
|Fixed asset|investments||453,241|378,761|
||||1,127,544|1,104,858|
|Current Assets'|||||
|Stock|||2,217|2,854|
|Debtors|||39,106|19,085|
|Cash at bank and in hand|||101,739|123,552|
||||143,062|145,491|
|Current
Liabilities|||||
|Creditors: amounts|falling due within one year|10|(159,939)|(125,708)|
|Net current (liabilities)/assets|||(16,877)|19,783|
|Total assets less current liabilities|||1,110,667|1,124,641|
|Creditors: amounts|falling due after more than one year|11|(30,170)|(37,934)|
|Net assets|||1,080,497|1,086,707|
|Funds ofthe Charity:|||||
|Restricted
Funds||12|9,867|6,431|
|Unrestricted
Funds|||||
|General reserve|||1,111,021|1,128,134|
|Designated|pension reserve||(40,391)|(47,858)|
|Total un-restricted|funds||1,070,630|1,080,276|
|Total charity funds|||1,080,497|1,086,707|
|Registered
Company
number: 06311234|||||
|The accompanying
accounting
policies and notes form part ofthese financial||statements.|||
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|Donations
and legacies||||
|---|---|---|---|
|||2021|2020|
|||f|E|
|Unrestricted
donations,|legacies and grants:|||
|Donations
from Individuals||6,946|4,222|
|Legacies||14,787|14,339|
|Job Retention
Support|Scheme|79,577|9,160|
|Covid Support Grant from WMBC||10,669||
|Channel
Training Grant|||1,500|
|Grants from Charitable|Foundations|22,800|35,055|
|||134,779|64,276|
|Restricted donations
and grants:||||
|Donations
from corporations|||1,722|
|Grants from Charitable|Foundations|10,534|19,034|
|||10,534|20,756|
|||145,313|85,032|
##
##
||||2021|2020|
|---|---|---|---|---|
||||f|f|
|Income from residential||and day visits tothe Centre|2,464|268,511|
|Rental income for use offacilities|||3,510|4,920|
||||5,974|273,431|
|3.Trading|activities||||
||||2021|2020|
||||f|f|
|Income from sale ofgoods||||3,254|
|4.Investments|||||
||||2021|2020|
||||f|f|
|Dividends|from listed investments||13,238|19,884|
|Bank interest|||62|137|
||||13,300|20,021|
##
##
|.Expenditure||||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|2021|
||||funds|funds|Total|
||||f||f|
|Raising funds:||||||
|Shop purchases|||637||637|
|Investment
management||costs||||
||||637||637|
|Charitable
activities:||||||
|Staff costs|||145,768||145,768|
|Training costs|||293||293|
|Depreciation|||56,128||56,128|
|Motor 8 travel expenses|||320||320|
|Equipment,
Repairs and Maintenance|||3,652|3,764|7,416|
|Heating and lighting|||3,547||3,547|
|Water rates &service|charges||6,550||6,550|
|Insurance|||8,950||8,950|
|Telephone|||1,360||1,360|
|Animal
upkeep|||384||384|
|Office and sundry expenses|||6,056||6,056|
|Accountancy
fees|||1,200||1,200|
|Legal and professional
fees
Independent
Examiner's fee (including f260for|||1,388||1,388|
|accounting
services)|||1,500||1,500|
|Trustee Indemnity
Insurance|||1323||1323|
||||238,419|3,764|242,183|
|Other expenditure:||||||
|Interest charge on pension||liability|1,076||1,076|
##
|||||Unrestricted|Restricted|2020|
|---|---|---|---|---|---|---|
|||||funds|funds|Total|
|||||f|f|f|
|Raising funds:|||||||
|Shop purchases||||1,751||1,751|
|Investment
management|||costs|3,070||3,070|
|||||4,821||4,821|
|Charitable
activities:|||||||
|Staff costs||||252,807||252,807|
|Training costs||||7,010||7,010|
|Depreciation||||61,028||61,028|
|Motor 5travel expenses||||3,081||3,081|
|Equipment,
Repairs|and Maintenance|||26,306|4,406|30,712|
|Heating and lighting||||16,358||16,358|
|Water rates and service charge (see note A)||||(14,301)||(14,301)|
|Insurance||||16,626||16,626|
|Telephone||||1,364||1,364|
|Animal
upkeep||||327||327|
|Office and sundry expenses||||10,510|570|11,080|
|Accountancy
fees||||1,200||1,200|
|Legal and professional||fees||5,280||5,280|
|Independent
Examiner's fee (including f260for|||||||
|accounting
services)||||1,500||1,500|
|Trustee Indemnity|Insurance|||1,350||1,350|
|||||390,446|4,976|395,422|
|Other expenditure:|||||||
|Interest charge on pension|||liability|735||735|
##
|||2021|2020|
|---|---|---|---|
|||f|f|
|Wages|and salaries|13&,435|240,211|
|National|Insurance|4,573|8,863|
|Pension|costs|2,760|3,733|
|||145,768|252,807|
##
|||2021|2020|
|---|---|---|---|
|Centre Managers|and assistants|7|18|
|Administration||2|2|
|||9|20|
##
|Tangible fix|ed assets||||
|---|---|---|---|---|
||||Furniture,||
|||Woodlands|fittings,||
|||Centre (Freehold|equipment
&||
|||land &buildings)
f|motor vehicles
f|Total
f|
|Cost|||||
|At beginning|ofyear|980,350|152,638|1,132,988|
|Additions|||4,334|4,334|
|Disposals|||||
|At end ofyear||980,350|156,972|1,137,322|
|Depreciation|||||
|At beginning|ofyear|337,739|69,152|406,891|
|Disposals|||||
|Charge for the year||30,577|25,551|56,128|
|At end ofyear||368,316|94,703|463,019|
|Net BookValue|||||
|At 31March|2021|612,034|62,269|674,303|
|At 31March|2020|642,611||726,097|
##
##
##
|8.Fixed asset Investme|nts|||||
|---|---|---|---|---|---|
|||||2021|2020|
|Listed Investments||||f||
|Market value at beginning||ofyear||378,761|412,730|
|Acquisitions
at cost|||||464,500|
|Sales proceeds from|disposals||||(464,497)|
|Net gains/(losses)
in|year|||74,480|(33,972)|
|Market value at end|ofyear|||453,241|378,76,1|
|Historic cost at end ofyear||||367,034|367,034|
|Investments
representing||over 5%ofthe portfolio were:||||
|CCLA —COIF Charities|Investment||Fund|453,241|378,761|
|9.Debtors||||||
|||||2021|2020|
|||||f|f|
|Trade debtors||||33,072|3,373|
|Other debtors and prepayments||||6,034|15,712|
|||||39,106|19,085|
##
##
##
|0.Credito|rs. " amounts|fall|ing d|ue with|in|one year|||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||f|f|
|Trade creditors|||||||7,510|7,200|
|Social security and other|||taxes||||1,745|2,175|
|Accruals|||||||4,916|3,054|
|Other creditors|||||||1,535|1,511|
|Liability|for pension|deficit contributions||||(note 17)|10,221|9,924|
|Deposits|and income received|||in advance|||134,012|101,844|
||||||||159,939|125,708|
|Deferred|income:||||||2021|2020|
||||||||f|f|
|Balance|brought
forward||||||101,844|125,607|
|Transferred
to statement|||offinancial||activities||(101,844)|(125,607)|
|Deferred|in year||||||134,012|101,844|
|Balance|at end ofyear||||||134,012|101,844|
##
|2021|2020|
|---|---|
|f|f|
|30,170|37,934|
##
##
|2.Moveme|nt
in funds|||||||
|---|---|---|---|---|---|---|---|
||||Balance||||Balance|
||||At beginning||Expendi||At end of|
|2021
Restricted|funds:||ofyearf|Income
f|ture
f|Transfers
f|year
f|
|Equipment|replacement||6,431|6,670|(2,900)|(3,334)|6,867|
|Ratcliffe Foundation||-Visitor Building||||||
|project (currently
on||hold)||2,000|||2,000|
|Edward &|Dorothy Cadbury Trust —Tree|||||||
|maintenance||||864|(864)|||
|Rowlands|Trust —CCTV equipment|||1,000|||1,000|
|Tota I restricted
funds|||6,431|10,534|(3,764)|(3,334)|9,867|
||||Balance||||Balance|
||||At beginning||Expendi||At end of|
|2020
Restricted|funds:||ofyear
f|Income|ture
f|Transfers
f|yearf|
|29th May|1962Charitable Trust—|||||||
|Climbing
cabin|||3,780|||(3,780)||
|Equipment|replacement
&.training||7,773|20,756|(4,976)|(17,122)|6,431|
|Total restricted funds|||11,553|20,756|(4,976)|(20,902)|6,431|
##
##
##
|3.Analysis o|fnet asse|ts betwee|n funds||||
|---|---|---|---|---|---|---|
|||||Restricted|Un-||
|||||funcis|restricted||
|2021|||||funds|Total|
||||||f|f|
|Fixed assets|||||674,303|674,303|
|Investments|||||453,241|453,241|
|Current assets||||9,867|133,195|143,062|
|Current
liabilities|||||(159,939)|(159,939)|
|Long term liabilities|||||(30,170)|(30,170)|
|Total funds||||9,867|1,070630|1080 497|
|||||Restricted|Un-||
|||||funds|restricted||
|2020|||||funds|Total|
||||||f|f|
|Fixed assets|||||726,097|726,097|
|Investments|||||378,761|378,761|
|Current assets||||6,431|139,060|145,491|
|Current
liabilities|||||(125,708)|(125,708)|
|Long term liabilities|||||(37,934)|(37,934)|
|Total funds||||6431|1080276|1086707|
|4.Operating|lease commitments||||||
|The following
Expiring:|annual|operating|lease payments|are committed to be paid:|2021
f|2020
f|
|Within one year|||||||
|Between two and five||years|||507|507|
##
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##
||1|A|I|2016t|30S
t
b
2025'|f12,945,440 Per annum
(Payable monthly'and
increasing
3%each on 1stApril)
annum(payable|bY|
|---|---|---|---|---|---|---|---|
|From|1|April||**016t**
2
o|**3**Q5
**t**
b2Q28
0Sep ember 2028:|f54,560per
monthly
and increasing
by
on 1st April)|3%each|
|||||31|March 2021|31March 2020|31March 2019|
|---|---|---|---|---|---|---|---|
||||||(f's)|(f's)|(E's)|
|Present|value|of|provision||40,391|47,858|58,056|
##
|||||||Year Ending|Year Ending|
|---|---|---|---|---|---|---|---|
|||||||31March 2021|31March 2020|
|||||||(Es)|(Es)|
|Provision|at start of period|||||47,858|58,056|
|Unwinding|ofthe|discount factor|(interest|expense)||1,076|735|
|Deficit contribution||paid||||(9,924)|(9,635)|
|Remeasurements||- impact of any|change|in assumptions||(1,381)|(1,298)|
|Remeasurements||-amendments|to the contribution||schedule|||
|Provision|at end of period|||||40,391|47,858|
##
||||||Year Ending|Year Ending|
|---|---|---|---|---|---|---|
||||||31March 2021|31March 2020|
||||||(Es)|(Es)|
|Interest expense|||||1,076|735|
|Remeasurements|—impact of any|change|in assumptions||1,381|(1,298)|
|Remeasurements|—amendments|to the contributions|||||
|schedule|||||||
|SSUMPTIONS|||||||
||||31March|2021|31March 2020|31March 2019|
||||%per annum||%per annum|%per annum|
|Rate ofdiscount||||0.66|2.53|1.39|
##
##
##
|||31|March 2021|31March 2020|31March 2019|
|---|---|---|---|---|---|
||||(fs)|(fs)|(Es)|
|Year|1||10,221|9,924|9,635|
|Year|2||10,528|10,221|9,924|
|Year|3||10,844|10,528|10,221|
|Year|4||9,308|10,844|10,528|
|Year|5|||9,308|10,844|
|Year|6||||9,308|
##
|||||Un-restricted|Restricted||
|---|---|---|---|---|---|---|
|Income from:||||funds|funds|Total funds|
|||||E|E|E|
|Donations
and legacies||||64,276|20,756|85,032|
|Charitable
activities||||273,431||273,431|
|Trading activities||||3,254||3,254|
|Investments||||20,021||20,021|
|Total income||||360,9&2|20,756|381,738|
|Expenditure
on:|||||||
|Raising funds||||4,821||4,821|
|Charitable
activities||||390,446|4,976|395,422|
|Other expenditure||||735||735|
|Total expenditure||||396,002|4,976|400,978|
|Net losses on investments||||(33,972)||(33,972)|
|Net (expenditure)/income|||for year|(68,992)|15,780|(53,212)|
|Transfers between||funds||20,902|(20,902)||
|Other recognized|gains|||1,298||1,29&|
|Net movement
in|funds|||(46,792)|(5,122)|(51,914)|
|Reconciliation of|funds:||||||
|Total funds brought||forward||1,127,068|11,553|1,138,621|
|Total funds carried||forward||1,080,276|6,431|1,086,707|