Rggistered number: 08333361
ChaTity numbar: 1156272
THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
(A company limited by guaranteel
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
IA Company Ilmlted by guarantee)
CONTENTS
Page
R&fer•nce and admlnlslratlva dotsils of Iha company> Its Trustses and adVI￿r$
Trustees. report
Independenl examinetrs report
ststement of flnancial activitles
10
Balance sh•et
11
Notes lo tho financlal stat8m8nt$
12-25

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
IA company Ilmlted by guarante8}
REFERENCE AND ADMINISTIIATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2021
Trustegs
A Ballantyne. Chair
l Bartholomew
A Clarke
A Richmond
R Rogers
T Thorp
Company registered
number
08333361
Charity registered
numbgr
1156272
Registered office
The Thorpe Woodlands Adventure Centre Trust
Shadwel
Thetford
Norfolk
IP24 2RX
Accountants
Lar*ing Gowen LLP
Chartered Accountants
lfjng Street House
15 Upper King Streat
Norwich
NR3 1RB
Bankers
HSBC Bank PIC
Head of Centre
T Edmonds
Page 1

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
{A company limitgd by guaranlag)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The Tnjstees present their annual report together wth the financial statements of the company for the 1
January 2021 10 31 December 2021. The Annual report serves the purposes of both a Trustees, report and a
directors, report under company law. The Trustees confirm that the Annu￿ report and financi81 statemen15 af
the charilable company comply with the current statutory requirements, the requirements of the charitable
company's goveming document and the provisions of the Statement of R&commended Practi￿ {SORPI
applicable to charities prep8ring their accounts in accordance with the Financial Reporting Standard appllcable
in the UK and Republic of Ireland IFRS1021 leffective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, th8 Strategic report
required of medium and large companies under the Companies Act 2006 Istrategic Report and Directors,
Report) Regulations 2013 has been omitted.
Oblectlves and activlties
. Policies and objectlves
The objectiv&s of The Thorpe Woodlands Adventure Centr8 Trust ar8"
To advance the education of members of the community by emp0￿ring them to learn and to develop
through participalion in educatbonal. recreational or leisure activiti8S.
To relieve the poverty of young people by the provlslon of affOrda￿e opportunllies to enable them lo
participate in healthy recreational activities.
To provid& facilities in the interests of social welfare for recreation or other leisure time occupation of
individuals who have neBd of such facilities by reason of their youth. age, infirmity or disability, financial
hardship or ￿la1 circuFnstances with the obj8Ct of improving their conditions of life.
To help yDUfVJ people. especially but not exdusively through recreational and leisure time activlties, so
as to develop their capabilities that they may grow lo full maturily as individuals and members of society.
b. Activitles undertaken to a¢hiav8 objectlvas
Th8 Charity achleves il aims ty.,
Promoting a safe, healthy and w8lcoming environment.
Providing a high quality outdoor18aming experience which is inclusive, holistiG and affordable.
Offering a broad range of challenglng, adventurous outdwr activiti8S.
The charity's objectives are achigved from a mo(lem purpose bullt outdoor centre which it uses to provide
accommodation (indoor and outdoor}, together with facilities for a wide range of outdoor adventur8 aclivities on
or close to the site. The charity gains support from a wsde range of beneficiaries indudlng tocal schools who
attend the centre.
e. Main activtties undertaken to further tha CoMpan￿S purposes for the publlc ￿nalIt
The Board of Trustees are aware of their duties to ensure activities of the Charity are carried oul in Ihe
furtherance of its objectives. All Ihe activllies are given careful consideration by the Trustees against the
Charity Commission's guidance on public benefit.
Page 2

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
IA company limitod by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Achlevements and performance
. Key performance indicators
The financial perfO￿nan￿ over the year 1 January 2021 to 31 December 2021 has, of course, again been
curtailed by the COVID19 pandemi
Income from centr& activities and bookings amounted to £325,37312020.' £129,275), still well below lev8ls seen
pre-pandemic bul moving in the right direction. Commèrcial income was £32,949 12020: E22.2611 which is
comparable to pr&pandemic levels.
The net income of the tharity for the ye8r ended 31 Decemb&r 2021 amounted to a surplus of £39,99812020'.
£131.005 deficit). represanling a surplus on general funds of £75,924 and a defit#t of £35,926 on restricled
funds.
b. Revlew of actlvltlés
Since it5 inception this activity ￿ntre has sought to have a tx)sitive effect on the personal d8velopmenl. self-
confidence and self-esteem of thè children 8fMJ adults who attend. Such effects are difficult to quantify
numerically. Instead we have to rely on a variety of methods to ensure our continuing effectiveness. In no
particular order-
We place a great of deal of importance on both adult and child customer feedback. This is used to
monitor and amend practice as we $6ek to address any issue that arises.,
We are membeTS of the Assoc18tion of Heads of Outdoor Education Cenlres where current outdoor
activity ￿ntre issues are rais8d and positive suggestions made on how to improv& the outdoor education
experience of our clients.,
We follow all health and safety measures recommended by external ass8ssors and guidance from our
Lead Tfustee respon￿ble for Activity Provision ar¢d Activity Health and Safety as far as equipment and
key operating procedures are concerned. We take pride in the fact that ￿ achleve the Gold Standard in
this area. Current staff recognise and newly appointed staff wll be trained to recognis8 the need to raisg
any issue of concern or incident from our practice and amend as nBcessary'.
Health and Safety of the premlses is also monitored carefully by the Head of Centre and the Lead
Trustee responsible for Premises and Health and Safèty. As is the Centre's usual practi￿, Head of
Centre and staff have continued to monitor and maintain th& condition of the Centre and all equipment
throughout 2021 ready for 2022.
Working children especially those who are disadvantaged means we also ensure we hav8 a very
clear safeguarding procedure in place. Again, this area Is carefully monitored by Lead Tnjstee
responsible for Safeguarding and the Head of Centre.
The fact Ihal most groups who had to can￿[ their visit in 2020 immediately r&booked for Ihe following
year is a clear indicator of our success. We are optimlstic that our Tegular customers will continue lo
rfyturn.
We seek to retain and to employ any new staff who are committed to our aims and ethos and who
actively seek to help all our cli8nls.
Page 3

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
IA Company Ilmited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Achlevements and performancè (continuad
All the above bullet points are significant factors in the Centre's success but one of our most significant positive
d&v8lopm8nls began in 2019. The Centre Wds in such a healthy financial PDSition we could open to carefully
chosen groups who would not be in a financial position to access this facility and gain from what we offer.
Trustees designated o body of money from our (x)mmercial income lo be us8d by the Head of Centre, Tim
Edmonds, to offer our facility to such groups one of which was Hebron House Rehabilitation Centre for Women
in Nomch. Their feedback made it clear how valuable they found the experience.
We repeated this opportunity with the same group in 2020 and again the feedback was excellent. In 2021. we
were also able to utili5e a sudden cancellation Icovidl by one primary schc%)I lo offer that slot to a very
disadvantaged schwl in Thetford for free. This visit was transfo￿atIve for many of the children and the school
Is now determined to bwk for 2022. We are delighted that we have been able to develop this aspect of our
Work and have decided to offer a froe, one-off residential to a local disadvanlaged schwl each year.
. Invo$tm8nt policy and performance
The Trustees have the power to invest surplu5 cash as they see fit for the day to day use of the Charity. Given
prevalling interest rates, the ongoing pandemic and the operational needs of the Charity the Trustees have
decided in 2021>2021 to hold all reserve balan￿$ with its appointed bankers in a combination of current and
short tem) deposit accounts. This policy was reviewed in 2021 and the Trust is currently exploring how wo can
usg some of our r8seJves to build an accommodatlon and storage facllity- This will allow a greater choice of
instructors to apply lo work at the Centre.
Flnanclal revlew
. Going concem
Aft8r making appropriate enquiries. the Trustees have a reason8bl& expebtation that the company has
adequate resources to continu& in operational existence for th& foreseeable future. For thls reason, they
continue to adopt the going concern basis in preparing the financial stalements. Furth8r details r8garding the
adoption of Ihe going concgm basis can be found in the accounting policies.
At th8 tim& of signing Ihe financial statem8nts, the trustees have considered the potential impact of Ihe
Coronavirus outbreak on the charity- The trustees continue to monitor the position and the potential impact that
this may have on both the general economic dimat& and the charitys operatlng capacity. The trustees believe
that with a strong loyal customer base and suffiaent balance sheet resour￿ the charity is well pla￿d to
develop the Centrè in 2022 by investing in a new accommodation facility.
b. Reserves pollcy
The Trustee Board has examined thB requiremonls of Th8 Thorpe Vvoodlands Adventure Centre Trust and in
th& light of the main risks has agreed that the Charity Mll continue to mainlain sufficient rasarves to enable il lo
cA)ntinue its objectives for th8 foreseeable futur&. The Trustees have determined that a surplus of unrestricted
funds continues to be accumulated to enable th8 Charity to respond quickly to both potential development
opwrtunities and unfor8se8n events.
At 31 December 2021. th& tharity had total reserves of £1,988,078 (2020- £1,948.0801 of which £1.100,350
relaled to restricted resfyrves hekl as tangible fixed assets12020: £1.136,276} and £887,728 were unrestricted
{2020.' £811,804). Free reserves at th8 yoar end amounted to £647.81012020'. £579,821)-
Page 4

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
(A company Ilmlted by guarant891
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2021
c. Princlpal risks and un¢artaintles
The Truslaes have assessed the major risks to which th& company is exposed, in particular thos8 related to the
operalions and finances of th& company. and are satisfied that systems and procedures are in place to mitigate
our &xposure to the major risks.
Writing this, we are conscious w8 may again be adversely affected by Coronavirus. We have assessed the
situation and recognise that further dosure would have a negative effect financially but we are still in a
financially viable position.
Of course, further dosure may affect future bookings but W8 feel our customer support is strong and likely to
remaln so.
In the recent past we relied qulte heavlly on the grants from customer groups such as Actlvlties Unlimited. We
remain committed to such groups. We wer& able to offer 8 slightly different activity based vlslt to the families of
these children which was most successful and ￿ hope to repeat this experience In 2022.
We are an Activity Cenlre and understand the Importan￿ of assessing for all kinds of risk. We have a
comprehensive Risk Register that is regularly UFKlated. This register indicates potential fadors in all thg areas
covered by tho Lead Trusle8s and the procedures to be followed rf 8 problem occurs.
Siruclure, govemance and management
Constitution
Th& Thorp& Woodlands Adventur& Centre Trust is registered as a charitable company limited by guarant90 and
was s8t up by a MemorandL*m of Assoclation on 17 Decomber 2012.
b. Methods of appolntm8nl or ela¢tion of Trusteos
The manag8m8llt of the charlty is the respDnsbility of the Trustees who are elected and c04)pted under the
terms of Ihe Articles of Association.
Tha board recognlses the need o* Trustees lo reflect a wide and diverse range of skills and interests, together
th an appropriale relatlonshlp to the Thorpe WocKllands Adventur& Centre Trust.
The Tnjstees keep under review Ihe composition of the Board, idenlifying th& need for recrultment processes to
tak8 place. Thè majority of Trustees are identified through word of mouth and knowledge of the Charity.
Tfuslees will review any potential candidate to ensura that they complemènt the Charity and the Board.
D&lails of potential candidates are discussed at board meetings prior to Inviting any potential member to joln. A
resolution is hpld lo elect any new Trustees.
Newly nominated trustees are briefed by the Chairman and receive bad(ground infomation on the charity,
including copies of the governing docum8nl. annual accounts and minutes of recenl meetings.
Page 5

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
(A company Ilmlted by guaranteè)
TRUSTEES. REPORT (CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2021
8tructur81 govemancè and managemont (continued)
. Organlsatlonal Structurè and de¢islon-making polici
The Charity Is administered by the Trustees. Head of Centre and staff at the Trust.
In 2018-2019 we undertook significant changes to our system of Govemance and appointed Lead Trustees lo
be responsible for particular aspects of the Centre's management.
Each Lead Trustee has expertise in their area. Thus we have a Lead Trustee responsible in conjunction with
the Head of Centre for the following areas..
Health and Safety of the Premises and Safeguarding.
Health and Safely Activity Provision. Key Operating Procedures and Cantre equipment.
Personnel
Cuslom8r Relations
Premis8s and Maint8nanc8
We also have a Finance and Risk Committee of three Tnjstees plus the Head of Centre who monitor the
financial health of the Centre.
Trustees can call upon th8 whole Board for further advice if needed or wg use outside exp&rtise in areas such
as HR where we are aware of the need to fully access the latest legislation.
d. Pay policy for key management personnel
The tnjslees consider the board of trustees as comprising the management personnel of the charity in ¢harg&
of dlrecting and monitoring the charity while the Head Of Centro is responsible for the running and operation of
the ch8rity on a day to day basis. All trustees give their lime freely and no truste& remun8ration was paid in the
year. Details of trustee axpenses are disclosed in note 11 to Ihe accounts.
Plans for future periods
The Trustees will ensure that the Chartty wll continue to meet ils charitablè objectives for the foreseeable
future, ensuring that a wde rang8 of baneficiaries wll continue to benefit from the TNst.
Tho Trust has developed and implemented a Strategic Plan which ￿11 gutde future development.
One of the strengths of Thorpe Woodlands is the commitment of slaff and Head of Centre. As such Ihay are
always seeking to improve our site. develop the activities and Ihe quality of the experiences we offer. Examples
of such developments include the camping p(yJs. new shi)wer block, refurbished shower block, new instructor
facilities, a new administrators, office and meeting room.
We do nDt undertake such developments casually. In 2020 we were not in thè position to undert8ke much more
than finalising developments planned in 2019 and the wntar of 2020. Careful management of surplusès as
well as financial help from Breckland and the Govemmenl mean that we were able In 2021 to consider the
further improvement of a larger building for equipment storage and instructors, accommodation. All wll be
carefully costed and monitored.
At thls time. we are not losing regular customers because of th8 pand&mic but should this occur wo may have
to consider developing a marketing strategy.
Page 6

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
(A company Ilmlted by guarantee)
TRUSTEES. REPORT ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Trustee retlrements
There were no retirements during 2021.
ststement of Tru$tsg$' rasponsibllities
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for
preparing the TTUStee5' report and the financial statements in accordance wth applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿1.
Company18w requires the Trustees to prepare financial statements for each financial . Under company law. the
Trustees mt*st not approve the fSnancial statements unless Ihey are satisfied that they give a trne and fair view
of the stale of affairs of the company and of its inrA)ming resources 8nd 8ppIic8tion of resources, including its
incom& and expenditure. for that period. In preparfng these financial statements, the Trustees are requSred to..
select suitable accounting pollcies and then apply them consistently.,
observe Iha methods 8nd principles of the Charities SORP IFRS 102}',
make judgments and accounting estimates that are reasonable and prudent,.
slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subj8ct to any
material departures disdosed 8nd explalned in the financial statements-
prepar6 Ihe financi81 stalemenls on the g￿ng concern basis unless it is inappropriate to presume that the
company will contlnue in bU￿￿esS.
The Truste&s are responsible for keeping adequate accounting records that are SLrfficient to show and explain
the company's transactions and disclose wth reasonable accuracy al any lim8 the financial position of the
company and enable them to ensure that the financial statements compty with the Companies Act 2006. They
are also responsible for safeguarding the assets of the company and he￿￿ for taking reasonable steps for the
prevention and detection of fraud and other irregularitie
Approved by order of the members of the board of Trustees and signed on their b8half by..
A Ballantyne
(Chair of Trustees)
Date-.
202Z
Page 7

**THE THORPE WOODLANDS ADVENTURE CENTRE TRUST (A company limited by guarantee)** 

## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021** 

## **Independent examiner's report to the Trustees of The Thorpe Woodlands Adventure Centre Trust ('the company')** 

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 December 2021. 

## **Responsibilities and basis of report** 

As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). 

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Page 8 



**THE THORPE WOODLANDS ADVENTURE CENTRE TRUST (A company limited by guarantee)** 

## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021** 

This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report. 

Signed: Dated: 25 March 2022 Christopher Yeates FCA DChA 

**Larking Gowen LLP** Chartered Accountants Norwich 

Page 9 



THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
(A Company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestrlcted
funds
2021
Restrlcted
funds
2021
Totsl
funds
2021
Total
funds
2020
Note
Income from:
Grants
Charitable activitigs
Other Irading activities
Investments
Other income
27,428
325,373
32.949
35
2,184
27,428
370,121
32,949
35
2,184
28,579
237,976
22,261
367
44,748
Total Income
387.969
44,748
432.717
289, 123
Expenditure on:
Charitable activilies
329.894
62.825
392.719
420,128
Total expendlture
329,894
62,825
392,719
420. 128
in¢omel(expenditure
Transfers between funds
58.075
17.849
118,077)
117,849)
39,998
(131.005)
14
N8t movamont in funds
75.924
{35,926)
39.998
(131,005)
Rgconclliatlon of funds:
Total furKls brought forward
Nel movement in funds
811,804
75,924
1.136.276
135,926)
1.948.080
39.998
2.079.085
(131,005)
Ti)tal funds carrled forward
887,728
1.100,350
1.988.078
1,948,080
The Statement of fInan￿81 8Ctivities includes all gains and losses recognised in the year.
The notes on pagas 12 to 25 fomi part of these tinancial stslements.
Page 10

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
IA company Ilmlted by guarantee)
REGISTERED NUMBER: 08333361
BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2020
Notè
Flxed assets
Tangible assets
11
1,340,268
1,368.259
1,340,268
1.368,259
Curr•nt assets
D6blors
Cash al bank and in hand
12
22,641
651,235
6,012
607.250
673.876
613,262
Creditors.. amounts falling due within on8
year
13
(26,066
(33,441)
Nat curront a558ts
647,810
579.821
Total nel assets
1,988,078
1.948.080
Charity funds
Restricted funds
Unrestricted funds
14
1,100,350
887,728
1, 136,276
8t 1.804
14
Total funds
1.988.078
1.948.080
The company was entitled to ex&mptSon from 8udlt under section 477 of the Companies Act 2006.
The members have not required the company lo obtain an audit for the year in qugstion in accordance wth
section 476 of Compani&s Act 2006.
The Trustees acknowledge thelr responsibiliti&s for complying wth the requirements of the Act ￿th respect to
accounting records and preparation of financial statements.
The finanaal statements have been prepared in accordance with th8 provisions applicable lo entiti&s subjecl to
the small companies regime.
The financial statements weTr approved and authorised for issue by the Trustses and signed on th&ir behalf by:
A Bailantyne
(Chair of Trustees)
Date:
The notes on pages 12 to 25 fom part of these financial statements.
Page 11

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
(A company Ilmlled by guaranlee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Ggngral informatlon
The Charity is a company limi18d by guarantee. The members of the company are th& Trusteas named
on page 1. In the evenl of the company being wound up, the158billty in respect of the guarantee is limited
to £1 per member of the company.
Accounting policles
2.1 Basls of prapafation of flnanelal statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021-
Accounting and Reporting by Charities.. Statement of Recommended Practice appliCa￿e to charlties
preparing their accounts in accordance wlh the Finan£xal Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective l January 2019}. the Finanelal Reporting Standard
applicable in the UK atKI Republic of Ireland IFRS 1021 and the Companies Act 2006.
The financial statements are presented in sterling whlch is the functlonal currency of the company
and rounded to the nearest £.
The Thorpe Woodlands Adventure Cfrntre Trust Tneets the definltion of a publlB benefit entlty under
FRS 102. Assets 2nd liabilities are inltially recognised at historical cosl or transaction value unless
othemse stated In the relevant accountlng pollcy.
2.2 Going concern
At the time of signlng the financlal statements. the truste8s have consid8r&d the impact of the
Coronavirus outbreak on the charity in 2021. Th8 Irustees continue to monitor the position and the
potential impact that this may have on both the general economic dimate and the charity's
operating capacity. The Iruslees believe thal wth a strong loyal customer base and sufflc4ent
balance sheet resources the chartty Is well placed to develop the Centre in 2022.
Based on this. the tnjstees have concluded that th&y have a reasonable expaclalion that the Chaiity
will have adequate resourcos lo continu& in operational existence for the foreseeable future, and,
based on the economic environment recovering wlhin the timefrdme currently being Mridely
anticipated. at least twelve months from the dale of signing these financial statements, they
therefore continue to adopl th8 wing concem basis of accounting in preparing thes& financial
statements.
2.3 Incomg
All income Is recognlsed On￿ the company has entltlèment to the income, It Is probable that the
incom& will be received and tha 8mount of income receivable can be measured reliably.
Grants ar8 included in the Slalem8nl of financial activities on a receivable basis. Th& balance of
income received for specific PuTpOS￿ bul not &XP8nded during th& period is shown in th& relevant
funds on Ihe Balance sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and Included in creditors as deferred income. Where entitlement occurs
before income is received. the income is accrued.
Income tax recoverable in relation to donations received under Gift Ajd or deeds of covenant is
recognised at th& lime of the donatic#i.
Page 12

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting policigs leontlnued)
2.4 Expendltur•
Expenditure is recognised onr£ there is a legal or constructlve obligation to transfer economic
benefit to a third party. it is probabl& thal a transfer of economic benefits will b8 required in
settlement and the amounl of the obligation can be measured reliably. Expenditur8 is classified by
activity. The costs of each activity are made LIP of the total of direct costs and shared costs,
including support costs involved in U[￿ertakIng each activity. Direct costs attributable lo a singl&
activity are allocated directly to that activity. Shared costs which contribute lo more than one activity
and support costs which are not attributable to a singlè activity ar6 apportioned bebwe@n those
activilies on a basis consislenl with the use of resources. Central staff costs are allocated on th8
basls (rf time spent. and depreciation charges allocated on tha portion of the asset's use.
Expenditur& on chaiitsbl8 activiti8s is incuThed on directly und&rtaking the activili8s which further the
company's objectives. as w811 as any a&8oGiated support cosls.
All gxpenditur& is indusive of irrecDverÈble VAT.
2.5 Interest racoivable
Inleresl on funds held on deposil is inctuded when receivable and the amount can be measured
reliably by the company. this is nomially upon notrfication of the interest paid or payable by the
institution with whom the funds are deposited.
2.6 Tangible fixed assets and d•pr8ciation
Any slngle item costin9 more than £1.000 or sp8cific groups of items costing over £5,000 that are
considered to have a life longer than the financial year they were purchased in are capitalised.
Tangible fixed ass&ts ar8 inilially racognised at cost. After rocognilion, under the cost mtxlel,
tangible fixed assets are mgasured at cost less accumulated depreciation and any accumulated
impaimienl losse& All costs incurred to bring a 18ngibl8 fixed asset into its intended working
ndltion should be induded in the measuremenl of cost.
At each reporting date lh& company asS￿&S wh8th&r th8re is any indication of impairmenl. If such
indication exists. the recoverable amounl of the asset is detemiined to be the higher af its fair value
lass costs to sdl and its value in use. An impairment Iw is recognised where the carrying amount
gxceeds the rgcovgrable amount.
Page 13

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accountlng pollelès (contlnuod)
2.6 Tanglble flxed assets and depreclatlon (contlnued)
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
aver their estimated useful lives.
Depreciation is provided on the followng bas8S-
Land and buildings
Temporary buildings and
infrastructure
Plant and machinery
20 /v1Syrsl Straight line with nil residual value
Furniture, fixtur8s, fitting5 and 33Y?13yrsl Straight line wth nil residual value
equipment
Compul8r equipmgnl and
software
Ass8ts under consttuGtion
2% Straight Ilne
5% (20 yrsl Straight line with nil rasldual value
33%13yrs} Straight line with nil residual valug
Thes& are not depreciated until the asset is
brought into use
2.7 Debtors
Trade and other debtors are recognised at the settlemenl amount after any trade dlscount offered.
Prepayments are valued at the amount prepaid net of any trade discounts du&.
2.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short-tem highly liquid investrnents wlth a short
maturity of three months or less from the date of a(4uisltion or opening of the d&posit or similar
account.
2.9 Liabilltles and provlslons
Liabilities are recognised when there is an obligation al the Balan￿ sheet date as a result of a past
event. it Is probable that a transfer of economic benefit will be required in settlement, and th8
amount of the settl6ment can be estimated reliably.
Liabililies are recognised at the amount that the ojmpany anticipates it will pay lo settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
Provisions ar8 measured at the best estimate of the amounts required to settle the obligation.
Where th& gffoct of the timg value of money is material. the provision is based on the present value
of those amounts, discounted at the pr&tax discount rate that reflects the risks specific lo the
118bilily. The unwinding of thè dlscounl is recognised in the Statement of financial activities as a
finance cost.
2.10 Flnanclal InstNments
The comp8ny only has finan￿al assets and financlal liabillties of a kind that qualify as basic
financial instruments. Basic fi'nancial instruments are initially recognis8d at transaction value and
subs8quently measured at their settlemgnt value with th8 exception of bank loans vthich ar
subsequently measured at amortised cost using the effective interest method.
Page 14

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
(A company limited by guarantgo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting pollcies {contlnued)
2.11 P•nslons
The company operales a defined contribution pension scheme and the pension charg& repr&s&nts
the amounts payable by th8 company to the fund in respect of the year.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the gèn8ral objectives of the company and which have not been designated for olh8r
purposes.
R8slrict8d funds are funds which are to be used Sn accordance wth specific restrictions imposed by
donors or which have been raised by the company for particular purposes. The costs of raising and
administerlng such funds are charged against the specSfic fund. The aim and usè of each rèstricted
fund is set out in the notes to the financial statements.
The Activities Unlimit8d Fund is for the purpose of providing residential breaks in conjunction with
Activilies Unlimiled for families and disabled childr8n and young persons.
The Propety FurKI represents the use of the Centre by the Charity.
Tho Fix8d Asset Fund represents the fixed assets which wer8 Iransferred from Suffolk County
Council to the Chaiily for fulure u$8.
The Furlough Fund represents funds received in respect of the govemm8nVs Job Rel8nlion Sch8me
in response to the Covid-19 pandemic.
Investment income, gains and losses ar& allocated to the appropriate fund.
Page 15

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
IA company limltéd by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Income from grants
Unrestrlcted
funds
2021
Total
funds
2021
Total
funds
2020
Governmont grants
Covid-19 retail. hospitality and leisure grant
Covid-19 business grants
Apprenticeship grant
25,000
3,579
24.428
3,000
24.428
3,000
27,428
27,428
28,579
The charity also b6nefited from lo0.￿ business ratss rellef for one year from 1 April 2020.
Incom8 from charltable actlvltlas
Unrestricted Restrlcted
funds
funds
2021
2021
Total
funds
2021
Centre activities & bmkings
Activities Unlimited grant incom8
Activities Unlimlted Income
Governm8nt grants- Job Retention Scheme
325.373
325,373
19,166
7,733
17,849
19,166
7,733
17.849
Total 2021
325,373
44,748
370.121
Unrestricted
funds
2020
R&stricted
funds
2020
Tot81
funds
2020
Centre activities & bookings
Activiti8s Unlimited grant income
Activities Unlimited income
Government grants - Job Retention Scheme
129,275
129.275
24,500
35
84, 106
24,500
35
84,106
Total 2020
129,275
t08,64t
237,916
Page 16

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
(A Company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Income from other tradlng actlvltles
Unrestricted
funds
2021
Total
funds
2021
Total
funds
2020
Commercial income
32.949
32.949
22,261
In the previous year. all Income from olhgr trading activities was unrestrfcted.
Investment income
Unre5tr1ctsd
funds
2021
Total
funds
2021
Total
funds
2020
Bank in18rest
35
35
367
In tha previous year, all investment income was unrestrictad.
Analysis of expendlture on charitable actlvities
Centre
activhies
and
booklngs
2021
Total
funds
2021
Tot81
funds
2020
Direct costs- Unrestricted
Direct costs- Restricted
329.894
62,825
329,894
62,825
353.486
66.642
Total 2021
392,719
392.719
420. 128
Pag8 17

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Analysls of 8xp8ndlture on charlt8ble actlvltles l¢ontinu8d)
Analysls of dlrèct costs
Total
fund5
2021
Unrestrlcled Restricted
2021
2021
Staff costs
Dgprecialion
Activity equipment a￿1 repairs
Calerlng
Rates
Light and heat
Printing, p051age and stationory
Telephon8
IT equipment and support
Repairs and maintenance
Cleaning
Staff development and training
Insurance
Subscriptions and licences
Professional fees
Bad debls
ILoss}IProfit on disposal of equipment
Bank charges
Independ&nt Examinerfs fees
213.588
19.801
8,334
12,266
1.515
14.384
447
1.890
951
20.274
5.325
9,812
9.071
2.058
4.927
776
{127)
717
17,623
37.560
231,211
57.361
9,022
13.277
1.640
15.570
484
2.046
1.030
21,947
5,764
10,622
9.819
2,228
5,334
1,011
125
1.186
37
156
79
1.673
439
810
748
170
407
64
1101
59
(1371
776
3,885
3,885
329.894
62.825
392,719
Page 18

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
(A company15mited by guaranta81
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Analysis of expendlture on charltable activlties Iconllnued)
Analysls of direct costs Icontinued)
Total
funds
2020
Unresti7Cted
2020
Restricted
2020
Staff costs
Depreciation
Activity equipment and repalrs
Catering
Rates
Llght and heat
Printing, postage and stationery
Telephone
IT equipment and support
Repairs and maintenance
Claaning
Staff development and training
Insurance
Subscriptions and licences
ProfBssional foes
Loss on disposal of 8quipm8nt
Bank charges
Independent Examine¢s fees
233,840
29,766
4,418
3,883
1,699
10,164
272
2. 158
1,783
46,051
2,501
3.914
7,548
1.238
2.080
(217)
210
2.778
16.313
44, 142
308
271
250. 153
73,308
4,726
4.154
1,818
10,873
291
2,309
1,907
49.333
2,675
4.187
8.074
1.324
2.225
(232)
225
2,778
119
709
19
151
124
3.282
t74
273
526
86
145
(15)
15
353.486
66.642
420. 128
Page 19

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
IA company Ilmlted by guarante•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Independent examlnetrs remunoratlon
2021
2020
Fees payabla to the companvs indepondent examiner for the independ8nt
examination of the company's annual acwunts
Fees payable to the companls indep8ndent examiner in respect of=
All laxation advisory services not included above
2,385
2, 778
1,500
Staff costs
2021
2020
Wages and salarios
Social socurity costs
Other pension costs
208.956
9.591
12.664
227, 135
9.460
13,558
231,211
250. 153
Included in staff costs ar8 redundancy payments totalling £Nil (2020: £6.612).
The average number of persons employed by the company during the year was as follows..
2021
No.
2020
12
14
No employee received remuneration amounling lo mor& than £60,000 in either year.
Total employee benefits of key maDagBment personnel were £58,355 (2020: £57.9141.
10.
Trustees. remuneration and 8xpen$es
Durfng the year, no Trustses received any remuneralion or other beneflts (2020- £NIL).
During the year ended 31 December 2021, no Tfustee expenses have been incurred (2020- £Nil).
Page 20

* 10 IN)
¢4 V)
v ¢1)
O Q5 0

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
(A Company Ilmitad by guaranteg)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
12. Dgbtors
2021
2020
Due wlthln one year
Trade debtors
Other debtors
Prepayments and accrued income
Grants receivable
16,811
4,465
828
719
1,039
4,791
22.641
6,012
13.
Creditors". Amounts falling duo within one yoar
2021
2020
Trade creditors
Other taxation and social security
Other ￿edItOrS
Accruals and deferred income
5,111
14,283
3,249
3,423
11,499
2,107
7,251
18,584
26,066
33,441
2021
2020
D8ferred income at 1 January 2021
Resources deferred during the year
Amounts released from previous periods
14,616
14,616
{14,616)
Deferred income at 31 December 2021
14,676
Booking f&es received in advance lotalling £Nil 12020- £14,145) have been defe￿ed to the period in
which the b(x)knng will take place. Government grants lotalling £Nil 12020: £471) have been def8rred lo
thè p8ri0d in which the relaled costs ar8 incurred. being the period for which the grant was intended to
compensat&.
Page 22

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
IA Company limited by guaranlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
1& Statamgnt of funds
Ststsment of funds - current year
Balancé at
Balance at 1
January
2021
31
Transfgrs
inlout
December
2021
Incomè Expendlture
Unrestrlctèd funds
Gelleral Fund
811,804
387.969
{329,894)
17,849
887,728
R8strictsd funds
Activities Unlimiled
Prop&rty fund
Fixed asset fund
Furlough fund
26,899
{26,8991
(21.969)
{13,957
883,417
252.859
861,448
238,902
17.849
(17,849)
1.136.276
44.748
(62.825)
(17,849) 1,100,350
Total of fund5
1,948,080
432,717
1392,719)
1,988,078
Transfers
The transfer of £17,849 from the Furlough Fund to the Unrestricted FurKI represents the expending of
the grants received on payroll costs in the period for which they were received.
Page 23

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATE141ENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
14. Statgmgnt of funds l¢ontlnued>
Statgment of funds - prior yoar
Balance at
31
B818nce 8t
l January
2020
Transfers
in/out
December
2020
Incom8 Exp8nditure
Unrestrlcted funds
General Fund
900,452
180.482
(353.486)
84.356
811,804
Rostrlcted funds
Activities Unlimited
Propety fund
Fixed ￿et fund
Fudough fund
250
905,386
272, 997
24,535
(24,535)
(2t,969)
(20, 738)
(250J
883.417
252,859
84.106
(84, 106)
1, 178,633
708,641
(66,642)
(84,356J
1.136,276
Total of funds
2,079,085
289, 123
(420. 128)
1.948.080
15. Analysls of not as50ts ￿tween funds
Anaty$ls of nat assats b8twe8n funds - current year
Unrestrlcted Restrlctsd
funds
funds
2021
2021
Total
fund$
2021
Tangible fixed assets
Current assets
Creditors due within one year
239.918
673.876
126.0661
1.100.350
1,340.268
673,876
(26.066)
Total
887,728
1,100,350
1.988.078
Page 24

THE THORPE WOODLANDS ADVENTURE CENTRE TRUST
IA company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
15. Analysis of net as$gts between funds (contlnued)
Analysls of net assets between funds - prlor year
UnTrstricted
funds
2020
Restricted
funds
2020
Tot81
funds
2020
Tangible fixed assats
Current assets
Creditors due within on& year
231.983
613.262
(33,441)
1. 136.276
1.3S8.259
613.262
(33,441)
Total
811,804
1, 136,276
1, 948,080
16. Pènslon commitments
The Trust participates in the Suffolk Local Govemmenl Pensions Scheme (the 'LGPS') for a number of
its staff. The pension charge for the year includes contributions payable to the scheme of £8,41012020-.
£9.767}.
Employees ￿OSe conlracts of employmenl w8re transferred to the trusl from Suffolk County Council are
covored by th8 Local Govemment Pension Scheme, administered by Suffolk County Counul. The Local
Govemment Pension Schem& is a funded defined benefit pension scheme. Under the terms of the
contract transFe￿Ing lh& employees to the Irust the employees pension entitlemenls were deemed lo be
fully funded as at the date of transf8r and wll remain so, provided that a predelemin8d percentage of
the employee's salary is paid to the Local Govemment Pension Scheme on an ongoing ba&s. As a resu
the scheme is accounted for as if it were a defined contribution scheme and the cost of participating in
the scheme is laken as equal to the contributions payable to the scheme for the accountlng period.
Th6 charity also operates a separate dpfined contribution pension schem6 and &mploye&s who have
joined th8 company since 1 November 2014 have been able lo join this schemg. Contributions are
charged to the Statem8nt of Financial Activities in the year in which they are payable and amounted lo
£4.52312020- £3,797).
17. Rolaled party transactlons
During the year, purchases of £1,995 (2020: £1.8241 were made from RCR Servioes (UK) Ltd, a
company of whlch R Rogers, a trustee, is a director and shareholder.
During the year. purchases of £1.541 12020: £NIII were made from Cannon Clark& Archltects, a
company of which A Clark8, a trustee, is a dlrector and shareholder.
Pag8 25