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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|
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|Trustees||A Ballantyne,|Chair||||
|---|---|---|---|---|---|---|
|||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|||||
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||||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|
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||||||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|
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|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|||||
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||||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|
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|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|
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||||||||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|
##
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|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|
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|||||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|
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|||||||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|
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|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|
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||||||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|
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