2022-12-31-accounts - The Thorpe Woodlands Adventure Centre Trust

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		Page
Reference and administrative details ofthe company,	its Trustees and advisers
Trustees' report		2-8
Independent examiner's report		9-10
Statement offinancial activities
Balance sheet		12
Statement of cash flows		13
Notes to the financial statements		14-27

Trustees		A Ballantyne,
		I Bartholomew
		A Clarke
		A Myatt (appointed	25	November	2022)
		A Richmond
		R Rogers
		T Thorp
Company	registered
number		08333361
Charity registered
number		1156272
Registered	office	The Thorpe Woodlands		Adventure	Centre Trust
		Shadwell
		Thetford
		Norfolk
		IP24 2RX
Accountants		Larking Gowen LLP
		Chartered Accountants
		1st Floor, Prospect	House
		Rouen Road
		Norwich
		NR1 1RE
Bankers		HSBC Bank Plc
Head ofCentre		T Edmonds

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2022	2022	2022	2021
		Note
Income from:
Grants			7,000		7,000	27,428
Charitable activities			558,?14	27,225	585,939	370,121
Other trading activities			31,419		31,419	32,949
Investments			448		448	35
Other income			2,666		2,666	2,184
Total income			600,247	27,225	627,472	432,717
Expenditure on:
Charitable activities			462,305	61,319	523,624	392,719
Total expenditure			462,305	61,319	523,624	392,719
Net movement in funds			137,942	(34,094)	103,848	39,998
Reconciliation offunds:
Total funds brought	forward		887,728	1,100,350	1,988,078	1,948,080
Net movement in funds			137,942	(34,094)	103,848	39,998
Total funds carried forward			1,025,670	1,066,256	2,091,926	1,988,078

			BALANCE SHEET	BALANCE SHEET
			AS AT 31 DECEMBER 2022
					2022		2021
			Note		E
Fixed assets
Tangible assets					1,668,787		1,340,268
					1,668,787		1,340,268
Current assets
Debtors			12	19,837		22,641
Investments			13	225,000
Cash at bank	and in hand			212,191		651,235
				457,028		673,876
Creditors: amounts		falling due within one
year			14	(33,889)		(26,066)
Net current	assets				423,139		647,810
Total net assets					2,091,926		1,988,078
Charity funds
Restricted funds			15		1,066,256		1,100,350
Unrestricted	funds		15		1,025,670		887,728
Total funds					2,091,926		1,988,078

					2022	2021
Cash flows from operating		activities
Net cash	used in operating	activities			176,363	73,218
Cash flows from investing		activities
Proceeds	from the sale of tangible fixed		assets		8,567	1,617
Purchase	of tangible fixed assets				(398,974)	(30,850)
Purchase	of investments				(225„000)
Net cash	used in investing	activities			(615,407)	(29,233)
Change	in cash and cash	equivalents	in	the year	(439,044)	43,985
Cash and	cash equivalents	at the beginning		ofthe year	651,235	607,250
Cash and cash equivalents		at the end	of	the year	212,191	651,235

Land and	buildings		- 2%Straight	line
Temporary	buildings	and	- 5%(20 yrs)	Straight	line with	nil residual	value
infrastructure
Plant and	machinery		- 20% (5yrs)	Straight	line with	nil residual	value
Furniture,	fixtures, fittings and		- 33%(3yrs)	Straight	line with	nil residual	value
equipment
Computer	equipment	and	- 33%(3yrs)	Straight	line with	nil residual	value
software
Assets under construction			- These are not depreciated until the asset is
			brought into use

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
Government	grants
Covid-19 business		grants	4,000	4,000	24,428
Apprenticeship	grant		3,000	3,000	3,000
			7,000	7,000	27,428

					Unrestricted	Restricted	Total
					funds	funds	funds
					2022	2022	2022
						f.
Centre activities 8			bookings		558,714		558,714
Activities	Unlimited		grant income			19,500	19,500
Activities	Unlimited		income			7,725	7,725
Government		grants	- Job Retention	Scheme
Total 2022					558,714	27,225	S85,939
					Unrestricted	Restricted	Total
					funds	funds	funds
					2021	2021	2021
Centre activities 8,			bookings		325,373		325,373
Activities	Unlimited		grant income			19166	19,l66
Activities	Unlimited		income			7,733	7,733
Government		grants	- Job Retention	Scheme		17,849	17,849
Total 2021					325,373	44,748	370,121

Unrestricted	Total	Total
funds	funds	funds
2022	2022	2021
	E	E
31,419	31,419	32,949

		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022	202'l
			K	E
Bank	interest			35

				Centre
				activities
				and	Total	Total
				bookings	funds	funds
				2022	2022	2021
					K	E
Direct	costs	-	Unrestricted	462,305	462,305	329,894
Direct	costs	-	Restricted	61,319	61,319	62,825
Total	2022			523,624	523,624	392,719

							Total
					Unrestricted	Restricted	funds
					2022	2022	2022
					E		E
Staff costs					302,503	17,61?	320,120
Depreciation					34,359	36,095	70,454
Activities Unlimited		Entertainment				449	449
Activity equipment		and repairs			10,378	604	10,982
Catering					34,070	1,984	36,054
Rates					2,558	149	2,707
Light and heat					14,808	862	15,670
Printing, postage and stationery					501	29	530
Telephone					3,605	210	3,815
IT equipment	and	support			2,532	147	2,6?9
Repairs and maintenance					26,696	1,555	28,251
Cleaning					4,966	289	5,255
Staff development		and training			13,473	785	14,258
Insurance					11,242	655	11,897
Subscriptions	and	licences			1,831	107	1,938
Professional	fees				3,180	185	3,365
(Profit) on disposal		of equipment			(8,096)	(471)	(8,567)
Bank charges					1,169	68	1,237
Independent	Examiner's		and accountancy	fees	2,530		2,530
					462,305	61,319	523,624

Analysis of	direc	t costs	(continued)
							Total
					Unrestricted	Restricted	funds
					2021f	2021	2021
Staff costs					213,588	17,623	231,211
Depreciation					19,801	37,560	57,361
Activity equipment		and repairs			8,334	688	9,022
Catering					'i2,266	'i,011	13,277
Rates					l,515	125	1,640
Light and heat					14,384	1,186	'/5, 570
Printing, postage		and stationery			447	37	484
Telephone					1,890	156	2,046
IT equipment	and	support			951	79	'i,030
Repairs and maintenance					20,274	1,673	21,947
Cleaning					5,325	439	5,764
Staff development		and training			9,812	810	10,622
Insurance					9,07'I	748	9,819
Subscriptions	and	licences			2,058	170	2,228
Professional	fees				4,927	407	5,334
Bad debts					T76	64	840
Profit on disposal		of equipment			(127)	(10)	(137)
Bank charges					717	59	776
Independent	Examiner's		and accountancy	fees	3,885		3,885
					329,894	62,825	392,719

				2022	202/
				P
Fees payable to the company's	independent	examiner	for the independent
examination of the company's	annual accounts			2,530	2,385
Fees payable to the company's	independent	examiner	in respect of:
All taxation advisory services	not included	above			1,500

Staff costs
	2022	2021
Wages and salaries	291,459	208,956
Social security costs	13,571	9,591
Other pension costs	15,090	12,664
	320,120	231,211

2022	2021
No.	No.
	12

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		2022	2021
		E
Due within	one year
Trade debtors		12,?94	16,811
Prepayments	and accrued income	2,168	1,039
Grants receivable		4,875	4,791
		19,837	22,641

Curre	nt	asset investments
			2022	2021
Cash	on	deposit	225,000

		2022	2021
Trade creditors		8,825	5,111
Other taxation and social security		15,321	14,283
Other creditors		2,953	3,249
Accruals and deferred	income	6,790	3,423
		33,889	26,066

						Balance at
			Balance at 1			31
			January			December
			2022	income	Expenditure	2022
Unrestricted		funds
General	Fund		887,728	600,24?	(462,305)	1,025,6?0
Restricted funds
Activities	Unlimited			27,225	(27,225)
Property	fund		861,448		(21,969)	839,479
Fixed asset fund			238,902		(12,125)	226,?77
			1,100,350	27,225	(61,319)	1,066,256
Total of	funds		1,988,078	627,472	(523,624)	2,091,926

Statemen	t of	funds - prior	year
							Balance at
			Balance at				31
			1January			Transfers	December
			2021	Income	Expenditure	in/out	2021
Unrestricted		funds
General	Fund		811,804	38?,969	(329,894)	17,849	887,728
Restricted funds
Activities	Unlimited			26,899	(26,899)
Property	fund		883,417		(21,969)		861,448
Fixed asset fund			252,859		(13,957)		238,902
Furlough	fund			17,849		(1?,849)
			1,136,2?6	44,748	(62,825)	(17,849)	1,100,350
Total of	funds		1,948,080	432,717	(392,719)		1,988,078

Analysis	of n	et asse	ts	between funds - cur	rent year
					Unrestricted	Restricted	Total
					funds	funds	funds
					2022f	2022	2022
Tangible	fixed	assets			602,531	1,066,256	1,668,787
Current	assets				457,028		457,028
Creditors	due	within	one	year	(33,889)		(33,889)
Total					1,025,670	1,066,256	2,091,926

					Unrestricted	Restricted	Total
					funds	funds	funds
					202/	2021	2021
Tangible	fixed	assets			239,918	1, /00,350	1,340,268
Current	assets				673,876		673,876
Creditors	due	within	one	year	(26,066)		(26,066)
Total					887,728	'/, 100,350	1,988,078

			2022	2021
Net income for the year (as per Statement		of Financial Activities)	103,848	39,998
Adjustments for:
Depreciation charges			70,455	57,361
Profit on the sale of fixed assets			(8,567)	(13?)
Decrease/(increase) in debtors			2,804	(16,629)
Increase/(decrease) in creditors			7,823	(7,375)
Net cash provided by operating	activities		176,363	73,218

		2022	2021
Cash	in hand	212,191	651,235
Total	cash and cash equivalents	212,1S1	651,235