Topsham Adventure Centre Annual Report Year ended 31 December 2023 Registered Charity Number. 1170649 Topsham Adventure Centre Trustees, Annual Report Year ended 31 December 2023 The Trustees present their report and the financial statements for thè year ended 31 December 2023. The financial statements have been prepared on the Receipts and Payments basis. The Charitsble Incorporated Organisation (CIO) was registered with the Charity Commission (Registration No. 1170649) on 9 December2016. Trustees The trustees who acted during th8 year were as follows.. Mr A McNicol Mrs G McLean Mrs F Lambeck Dr N Batchelor (President) Ms T Costello Mr M Stott Ms L Young (resigned 11 April 2023) The principal office of the charity is.. 2 Wessex Close Topsham Exeter EX3 OLU Charitable objects The objects of the CIO are to provide and maintain a communty building {Topsham Adventure Centre) for the public benefit and particularly for the benefit of young people in order to-. a) develop skills, capacities and capabilities to enable young people to participate in society as independent, mature and responsible individuals b) advance their education c) promote good health and wellbeing d) provide recreational and leisure activities and opportunities in the interests of social wèlfare for them and other people living in the area who have need by reason of their youth, age, infimiity or disability, poverty or social and e¢onomi¢ circumStan￿s, with a view to improving their conditions of life. In setting the charity's objectives and planning its activities. th8 trustees have given ¢areful )sideration to the Charity Commission's general guidance on public benefit. Topsham Adventure Centre Trustees, Annual Report (cont'd) Year ended 31 December 2023 Charitable objects (cont'd) Topsham Adv8nture Centre is a collabor*ion between 1st Topsham Sea Scout Group and CEDA (Communty, Equality. Disability Action). CEDA provides educ*ional and life skills activities for children and young adults with disabilities. The new community building will provide a much-needed pemianent home for the girls & boys of 1st Topsham Sea Scouts, Cubs and Beavers, and a semi-rural addition to CEDA'S existing facilities in Exeter. Furthemiore the centre will be available to other l¢Jcal C¢)mmunity groups when not in use by the Scouts or CEDA. Achievements and perforniance Planning perniission for the Adventure Centre was granted in 2016. In 2018, costings obtained by our architects established that the overall cost of the project would be in the region of £SOO,000. Following the Covid epidemic and raw material inflation, this figure ￿ds revised in 2022 to £758,000. As at 31 December 2023 the building fvnd stood at £230,587 which includes £10,CK)O notified but not yet received, and a pledge from The Clare Milne Trust in the sum of £50 000. These amounts will be received once the building project commences. Funds received for Ihe building project as at 31 December 2023 totalled £170.587. Further grants and pledges amourrting to £65,500 (induding a pledge of £40,000 from The Bemard Sunley Foundation) have been received since the year-end, bringing the overall committed funds to approxirnately £295.000 (being 39Vo of target) at the date of signing this report. The Trustees, objective remains to obtain funding pledges and raise funds equivalent to 500/0 of the revised target of £758,000 over the next 18 months on the basis th* once we get to that level, this will be the "tipping point" at which stage other large funders will wish to join in to enatAe Construction of Topsham Adventure Centre to start. We are currently in discussion wth various potentially large funders who are interested in the unique nature of this project which, as well as providing a permanent home for Topsham Scouting Groups and an additional location for CEDA. will be one of the only centres in the widèr Exeler area that is specifically designed to accommodate young peopleladults of all abilities. We remain confident that our project wll be seen as attractive by potential funders and that it will be part of a nationW￿e programme to regenerate s¢xiety and improve the life skills. mental health and morale of young people. Angus McNicol on behalf of the Trustees Date.. l(tlCIZF Topsham Adventure Centre Chartered Accountants, Report to the Trustees on the Unaudited Receipts and Payments Accounts of Topsham Adventure Centre Year ended 31 December 2023 In accordance with the engagement letter, we have prepared for your approval the receipts and paymenls account and statement of assets and liabilities from the charity's accounting records and information and explanations you have given us. As a member firm of the Institute of Chartered Accountants in England and Wales IICAEW}, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. This report is made solely to you, the charity's Board of Trustees, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the receipts and payments account and statement of assets and liabilities of Topsham Adventure Centre and state those matters that we have agreed lo slate to them in this report in accordance with the guidance of ICAEW as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and ils Board of Trustees as a body for our work or for this report. You have approved the receipts and payments account for the year ended 31 December 2023 and the statement of Assets and liabilities as at 31 December 2023 and have acknowledged your responsibility for it. for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for its compilation. We have not verified the accuracy or completeness of the accounling records or informalion and explanations you have given to us and we do not. therefore, express any opinion on the financial statements. Francis Clark LLP Chartered Accountants Centenary House Peninsula Park Rydon Lane Exeter EX2 7XE Date.. 14.06.2024 Topsham Adventure Centre Receipts and Payments Account Year ended 31 December 2023 Restricted Funds 2023 Unrestricted Funds 2023 Total Funds 2023 Total Funds 2022 Receipts Donations Grants Fundraising Sundry 4,308 3,000 1,726 1,364 6,000 6.000 4,360 4.360 Total Receipts 10,360 10.360 10,398 Administration costs Charitable activities Raising funds 1,376 1.376 2,038 3,360 3.360 198 Total Payments 4,736 4,736 2,236 Excess of Receipts over Payments 5,624 5.624 8,162 Total funds brought forward 164,963 164.963 156,801 Bank Balance at 31 Dec 2023 170,587 170.587 164,963 Statement of Assets and Llabllltles As at 31 December 2023 Current Assets Bank Balance at 31 Dec 2023 170,587 170.587 164,963 Approved by the Board of Trustees on I￿1£1£$ and signed on its behalf by.. Angus McNicol Trustee Basis of preparation These accounts have been prepared on the re￿IPtS and payments basis, and comply with the appropriate legal requirements.