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|||||Page|
|---|---|---|---|---|
|Reference and administrative|||details ofthe Charity, its Trustees and advisers||
|Trustees' Report|||||
|Independent|Auditors'|Report|on the Financial Statements|9-12|
|Consolidated|Statement of Financial Activities|||13|
|Consolidated|Balance|Sheet||14|
|Charity Balance Sheet||||15|
|Consolidated|Statement
ofCash Flows|||16|
|Notes to the|Financial|Statements||17-33|
##
|Trustees|||Mr BEvans (resigned 15February 2022)|Mr BEvans (resigned 15February 2022)|Mr BEvans (resigned 15February 2022)|Mr BEvans (resigned 15February 2022)|
|---|---|---|---|---|---|---|
||||Mr A Brown||||
||||Miss EJohnson|(resigned||16May 2022)|
||||Mr W Robertson||||
||||Dr A Pearson
(resigned 25 July 2022)||||
||||Mr G Hooper||||
||||Mr W Simpson||||
||||Ms S Everard
(resigned 24 April 2023)||||
||||Miss S Munday|(appointed||25 July 2022)|
|Company|registered||||||
|number|||07489189||||
|Charity registered|||1163421(England||8 Wales)||
|number|||SCO46500 (Scotland)||||
|Registered||office|6 Fore Street||||
||||Newquay||||
||||United
Kingdom||||
||||TR7 1LN||||
|Chief executive officer|||Joseph Taylor||||
|Independent||auditors|Bishop Fleming|LLP|||
||||Chartered
Accountants||||
||||10Temple Back||||
||||Bristol||||
||||BS16FL||||
|Bankers|||Lloyds Bank Pic||||
||||14 Molesworth|Street|||
||||Wade bridge||||
||||Cornwall||||
|Solicitors|||Osborne Clarke||||
||||2 Temple Back|East|||
||||Temple Quay||||
||||Bristol||||
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||||Action||||||Rationale and Detail|
|---|---|---|---|---|---|---|---|---|---|
|1.|Trustees to||support|the Chair of Finance||||Diversify|sources
of income
by
developing
a|
||by raising|funds and||by identifying||||corporate|proposition,
driving
national
fundraising|
||opportunities.
(Risk|||2)||||opportunities,
increasing
support
from||
|||||||||philanthropists
and trusts
and foundations
as well||
|||||||||creating|more
opportunities
for
community|
|||||||||fundraising
and
individual
giving
and
our
retail||
|||||||||corn
an|.|
|2.|Improve the||quality|ofour||service by||Regularly|monitor
and
review
our
scientific|
||developing||industry|leading analytics||||evaluation
of
courses. Determine
new||
||Risk 3|||||||measurements
for children
we hei
and su
ort||
|3.|Continue|to|develop|the|data security|||Review|security
and data
handling
in the
light of|
||lan
Risk1|||||||the GDPR le islation
introduced
in Ma 2018.||
|4.|Develop and implement||||a|marketing|plan|Establish|a marketing
plan to support
fund raising,|
||(Risk 2)|||||||increase|our PR, improve
our digital
capability
8|
|||||||||build our|retail sales.|
|5.|Consolidate||the expansion|||ofthe Wave||Monitor|Management
Information
to ensure
a high|
||Project's newer locations (Risk 1 and||||||4)|standard|of Health and Safety control for each site,|
|||||||||financial|control,
good
client
and
volunteer|
|||||||||relations,|and written
su
plier contracts.|
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||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2023|2023f|2023|2022
F|
|Income from:|||||||
|Donations
and legacies|||844,304|636,048|1,480,352|1,129,762|
|Charitable
activities||||173,457|173,457|233,636|
|Other trading
activities||||83,068|83,068|115,080|
|Total income|||844,304|892,573|1,736,877|1,478,478|
|Expenditure
on:|||||||
|Raising funds||||87,919|87,919|62,802|
|Charitable
activities|||629,196|604,793|1,233,989|1,601,239|
|Total expenditure|||629,196|692,712|1,321,908|1,664,041|
|Net income/(expenditure)|||215,108|199,861|414,969|(185,563)|
|Transfers
between|funds|15|11,924|('11,924)|||
|Net movement
in|funds||227,032|187,937|414,969|(185,563)|
|Reconciliation
of|funds:||||||
|Total funds brought|forward||252,954|4,311|257,265|442,828|
|Net movement
in funds|||227,032|187,937|414,969|(185,563)|
|Total funds carried forward|||479,986|192,248|672,234|257,265|
##
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||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||Note||f.|||
|Fixed assets||||||||
|Intangible
assets|||11||7,125||9,500|
|Tangible assets|||12||63,714||58,876|
||||||70,839||68,376|
|Current assets||||||||
|Stocks||||17,085||10,654||
|Debtors|||13|295,156||60,759||
|Cash at bank and|in|hand||335,726||148,418||
|||||647,967||219,831||
|Creditors: amounts||falling due within one||||||
|year|||14|(46,572)||(30,942)||
|Net current assets|||||601,395||188,889|
|Total net assets|||||672,234||257,265|
|Charity funds||||||||
|Restricted funds|||15||479,986||252,954|
|Unrestricted
funds|||15||192,248||4,311|
|Total funds|||||672,234||257,265|
##
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||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||Note|||||
|Fixed assets||||||||
|Intangible
assets|||11||7,125||9,500|
|Tangible assets|||12||63,714||58,876|
||||||70,839||68,376|
|Current assets||||||||
|Stocks||||||10,654||
|Debtors|||13|313,582||60,759||
|Cash at bank and|in|hand||335,726||148,418||
|||||649,308||219,831||
|Creditors: amounts||falling due within one||||||
|year|||14|(44,517)||(30,942)||
|Net current assets|||||604,791||188,889|
|Total net assets|||||675,630||257,265|
|Charity funds||||||||
|Restricted funds|||15||479,986||252,954|
|Unrestricted
funds|||15||195,644||4,311|
|Total funds|||||675,630||257,265|
##
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||R|F|
|Cash flows from operating||activities||||||
|Net cash used
in operating|activities|||||216,923|(212,838)|
|Cash flows from investing||activities||||||
|Purchase oftangible
fixed assets||||||(9,875)|(24,998)|
|Net cash used in investing||activities||||(9,875)|(24,998)|
|Cash flows from financing||activities||||||
|New finance leases||||||(19,740)||
|Net cash (used in)/provided||by financing||activities||(19,740)||
|Change
in cash and cash||equivalents|in|the year||187,308|(237,836)|
|Cash and cash equivalents||at the beginning||ofthe year||148,418|386,254|
|Cash and cash equivalents||at the end of||the year||335,726|148,418|
|The notes on pages 17to 33form part of these financial|||||statements|||
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||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2023
f.|2023
f|2023|2022|
|Donations||629,898|629,898|365,757|
|Grants|844,304|6,150|850,454|764,005|
||844,304|636,048|1,480,352|1,129,762|
|TOTAL2022|625,546|504,216|1,129,762||
##
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||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2023|2023|2023|2022|
||F|||F|
|Beach School income||17,773|17,773|12,875|
|Surf Club||24,517|24,517|15,819|
|Adaptive
income||47,000|47,000|31,089|
|Referral partner contributions||61,830|61,830||
|Other sales and services||22,337|22337|173,853|
|TOTAL 2023||173,457|173,457|233,636|
|TOTAL 2022|1,000|232,636|233,636||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2022|
||R||F|
|Shop Income|83,068|83,068|115,080|
|TOTAL 2022|115,080|115,080||
##
|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2023|2023|2023|2022|
|Costs ofcharitable|activities|841,387|392,602|1,233,989|1,601,239|
|TOTAL 2022||1,038,456|562,783|1,601,239||
##
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||||Total|Total|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
|||||F|
|Staff costs|||79,872|132,581|
|Depreciation|||27,152|37,739|
|Legal and professional||fees|13,097|86,922|
|Premises costs|||56,657|81,560|
|IT|||9,057|9,272|
|Training|||23,071|11,168|
|Administration|||139,897|164,324|
|Fun draising|||9,582|1,398|
|Loss on fixed|asset disposal|||5,716|
|Governance|Costs||34,217|32,103|
||||392,602|562,783|
##
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|||||2023|2022|
|---|---|---|---|---|---|
||Fees payable to the Charity's|auditor for the audit ofthe Group's|annual|||
||accounts|||14,540|10,680|
|8.|STAFF COSTS|||||
|||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
||||||E||E|
|Wages and|salaries|||730,871|854,309|691,250|854,309|
|Social security costs||||63,491|64,370|61,470|64,370|
|Contribution|to defined|contribution|pension|||||
|schemes||||14,200|16,140|13,641|16,140|
|||||808,562|934,819|766,361|934,819|
##
##
|The average
number ofpersons
em|ployed
by the Charity during t|he year was|as follows:||
|---|---|---|---|---|
||Group
2023|Group
2022|Company
2023|Company
2022|
||No.|No.|No.|No.|
|CEO|1|1|1|1|
|Administrators|3|5|3|5|
|Project managers
Project workers|21
4|23
11|21
4|23
11|
|Shop|6||||
||35|40|29|40|
|Group|Group|
|---|---|
|2023|2022|
|No.|No.|
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|11.|INTANGIBLE ASSETS||
|---|---|---|
||GROUP &COMPANY||
|||Computer|
|||software|
||COST||
||At 1 February 2022|11,875|
||At 31 January 2023|11,875|
||AMORTISATION||
||At 1 February 2022|2,375|
||Charge for the year|2,375|
||At 31 January 2023|4,750|
||NET BOOK VALUE||
||At 31 January 2023|7,125|
||At 31 January 2022|9,500|
##
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||Plant and|Motor|Fixtures and||
|---|---|---|---|---|
||machinery|vehicles|fittingsf|Total|
|COST|||||
|At 1 February 2022|54,392|54,094|111,358|219,844|
|Additions||19,740|9,875|29,615|
|At 31 January 2023|54,392|73,834|121,233|249,459|
|DEPRECIATION|||||
|At 1 February 2022|49,770|20,743|90,455|160,968|
|Charge for the year|4,622|10,819|9,336|24,777|
|At 31 January 2023|54,392|31,562|99,791|185,745|
|NET BOOK VALUE|||||
|At 31 January 2023||42,272|21,442|63,714|
|At 31 January 2022|4,622|33,351|20,903|58,876|
##
|DEBTORS||||||
|---|---|---|---|---|---|
|||Group|Group|Company|Company|
|||2023|2022|2023|2022|
|||F.|F|R|f'.|
|DUE WITHIN|ONE YEAR|||||
|Trade debtors||23,885|26,245|23,885|26,245|
|Amounts
owed by group undertakings||||18,440||
|Other debtors||1,179||1,165||
|Prepayments|and accrued income|270,092|34,514|270,092|34,514|
|||295,156|60,759|313,582|60,759|
##
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||||F.|F|
|Trade creditors||3,154|3,990|2,819|3,990|
|Other taxation and social security||16,756|15,369|15,036|15,369|
|Obligations
under finance lease and hire||||||
|purchase
contracts||19,740||19,740||
|Other creditors||2,860|2,683|2,860|2,683|
|Accruals and deferred|income|4,062|8,900|4,062|8,900|
|||46,572|30,942|44,517|30,942|
##
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|STATEMENT OF||FUNDS -CU|RRENT YEAR|||||
|---|---|---|---|---|---|---|---|
||||Balance at 1||||Balance at|
||||February
2022|Income|Expenditure|Transfers
in/out|31 January
2023|
||||R|E|E|E|E|
|UNRESTRICTED||FUNDS||||||
|General Funds|||4,311|892,573|(692,712)|(11,924)|192,248|
|RESTRICTED FUNDS||||||||
|Big Lottery|||26,961|97,656|(95,731)|9,301|38,187|
|Wave Rangers -||Sport England|6,032|50,000|(56,032)|||
|South Devon|||4,600|26,417|(23,867)||7,150|
|North Yorkshire|Council||13,457||(13,457)|||
|Aviva|||10,000||(10,000)|||
|Children
in Need|||62,434||(65,057)|2,623||
|North Devon|||34,820||(34,820)|||
|Tudor Trust|||23,960||(23,960)|||
|London|||8,381||(8,381)|||
|Foundation
for Children|||7,174|22,500|(24,674)||5,000|
|LNER||||30,000|(19,946)||10,054|
|Boeing (London)||||17,875|||17,875|
|Lottery Sustainability|||40,770|118,956|(115,834)||43,892|
|Cornwall||||49,000|(18,138)||30,862|
|Innox Foundation||||25,000|(25,000)|||
|Scotland||||42,500|(34,500)||8,000|
|Raise your Hands||||21,700|(16,698)||5,002|
|Beach School||||25,000|(11,036)||13,964|
|Prudence
Trust||||300,000|||300,000|
|Other restricted||funds|14,365|17,700|(32,065)|||
||||252,954|844,304|(629,196)|11,924|479,986|
|TOTAL OF FUNDS|||257,265|1,736,877|(1,321,908)||672,234|
##
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##
|STATEMENT OF FUNDS|STATEMENT OF FUNDS|(CONTIN|UED)|||||
|---|---|---|---|---|---|---|---|
|STATEMENT OF FUNDS||- PRIOR|YEAR|||||
||||Balance at||||Balance at|
||||1 February
2021f|Income
E|Expenditure|Transfers
in/out
E|31 January
2022
F|
|UNRESTRICTED FUNDS||||||||
|General Funds|||128,769|851,932|(976,390)||4,311|
|RESTRICTED FUNDS||||||||
|Big Lottery|||74,739|99,600|(147,378)||26,961|
|Wave Rangers - Sport England||||83,672|(77,640)||6,032|
|South Devon||||5,700|(1,100)||4,600|
|North Yorkshire
Council|||7,522|6,100|(165)||13,457|
|Aviva||||10,000|||10,000|
|Children
in Need|||95,794|115,280|(148,640)||62,434|
|The Tides Fountains|(Vans)|||73,393|(73,393)|||
|Laureaus - Sustainability||and||||||
|City to the Sea|||36,109|11,550|(47,659)|||
|North Devon|||6,847|60,168|(32,195)||34,820|
|Brighton|||2,687|6,000|(8,687)|||
|Scotland|||9,662||(9,662)|||
|Tudor Trust|||23,533|35,000|(34,573)||23,960|
|South Wales|||29,068||(29,068)|||
|Cornwall|||514||(514)|||
|London|||4,101|5,000|(720)||8,381|
|Tynemouth|||5,821||(5,821)|||
|Foundation
for Children|||4,483|27,500|(24,809)||7,174|
|Barbara Ward Foundation|||7,500|10,000|(8,814)||8,686|
|Buffini Chao Foundation|||5,679|13,125|(13,125)||5,679|
|Lottery Sustainability||||64,458|(23,688)||40,770|
||||314,059|626,546|(687,651)||252,954|
|TOTAL OF FUNDS|||442,828|1,478,478|(1,664,041)||257,265|
##
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##
|||Restricted|Unrestricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2023|
|||||R|
|Tangible|fixed assets|12,059|51,655|63,714|
|Intangible|fixed assets||7,125|7,125|
|Current assets||467,927|180,040|647,967|
|Creditors|due within one year||(46,572)|(46,572)|
|TOTAL||479,986|192,248|672,234|
##
##
|||Restricted|unrestricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022
F|2022
f|2022
F|
|Tangible|fixed assets|20,927|37,949|58,876|
|Intangible|fixed assets||9,500|9,500|
|Current assets||232,027|(12,196)|219,831|
|Creditors|due within one year||(30,942)|(30,942)|
|||252,954|4,311|257,265|
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||||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2023|2022|
||||||||||||F||
|Net
income/expenditure|||for|the|year|(as|per|Statement|of|Financial|||
|Activities)|||||||||||414,969|(185,563)|
|ADJUSTMENTS FOR:|||||||||||||
|Depreciation|charges||||||||||24,777|35,363|
|Amortisation|charges||||||||||2,375|2,375|
|Loss on the|sale offixed||assets|||||||||5,716|
|Decrease/(increase)||in stocks|||||||||(6,431)||
|Increase
in|debtors||||||||||(234,397)|(42,236)|
|Increase/(decrease)||in creditors|||||||||15,630|(28,493)|
|NET CASH|PROVIDED||BY/(USED||IN)|OPERATING ACTIVITIES|||||216,923|(212,838)|
||||Group|Group|
|---|---|---|---|---|
||||2023|2022|
|||||P|
|Cash|in|hand|335,726|148,418|
##
||At 1|||At 31|
|---|---|---|---|---|
||February||New finance|January|
||2022|Cash flows|leases|2023|
|||f.|||
|Cash at bank and in hand|148,418|187,308||335,726|
|Finance leases|||(19,740)|(19,740)|
||148,418|187,308|(19,740)|315,986|
##
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##
|payments|und|er non-cancellable
operating
lease|s as follows:||||
|---|---|---|---|---|---|---|
||||Group|Group|Company|Company|
||||2023|2022f|2023
f.|2022
F|
|Not later than||1 year|26,024|27,501|26,024|27,501|
|Later than|1 year and not later than 5years||56,042|69,792|56,042|69,792|
||||82,066|97,293|82,066|97,293|
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