**Annual Report and Financial Statements for the year ending 5 April 2022** ## **Registered Charity Number 1173646** **www.adventuretherapy.org.uk** Registered Charity Number 1173646 Procter Accountancy Accounts & Tax Services I Payroll 5 VAT l Book-keeping INDEPENDENT EKAMINER'S REPORT TOTHE TRUSTEES OF ADVENYURE THERAPY I report to the charlty trustees on my examination of the accounts of the CIO for the year ended 05 April 2022, which are set out on pa8es 13 to 22. Responslbilities and basls of the report As the charity trustees of the CIO, you are responsible for the preparation of the accounts in accordance with the req￿Irements of the Charlties Act 20111~the ACVI. I report in respect of the CIO'S account5 carried out under sertion 145 of the Act. In carry*n8 out my examination I have followed all applicable Dbrections given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiners statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respert.. l. Accouftting records were not kept as requlred by 5ertion 130 of the Act.. or 2. The accounts do not accord with those retofds. I have 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. Miss S L Procter MAAT Procter Accountancv 3 Princess Street Barnstaple Devon EX32 7EU Date 22" September 2022 aat Sadie Procter l Accountsnt Cens￿ end regulated *the AAT to tNYNde sermces aCcord£r￿￿th license number 5733 3 Pnnces5 8amstap￿ Ex￿ 7EU IT.. a12713445311 M.. 0777?D94705 W.. p￿tr￿.cO.￿ l E". adfTNnWmL1ero￿￿n[anLy.¢Ouk Pll No.. A28940PIA153 ## **Contents** ||Page| |---|---| |Purpose and Vision|1| |Legal and Charity Informaton|2| |Trustee Report|3| |Chairman and Founder’s Report|4| |Structure, Governance and Management|5 — 6| |Objects and Actvites|7| |Policies|8 — 9| |Current Status and Plans for the Future|10| |Statement of Trustees Responsibilites|11| |Statement of Fundraising|12| |Statement of Financial Actvites|13—15| |Balance Sheet|16| |Note to the Financial Statements|17| |Notes to Accounts|18 — 20| |Expenditure|21| |Additonal Notes|22| Registered Charity Number 1173646 Making Life Great Outdoors" ADVENTURE TTherapy Av•.k Reglsiered wlth FR FUNE)RAISING REGULATOR Registered Charity Numberl173646 ## **Our Purpose and Vision** ## **Our Mission** Adventure Therapy exists to improve the emotional and physical wellbeing of children, young people and adults with unique health conditions, impairments or limitations through outdoor and adventure-led activities. We make a positive difference in challenging and complex lives. Our range of activities build self-confidence and resilience and help to develop skills and abilities through individual and group sessions, team work and leadership. The therapeutic benefits of time spent outdoors in nature and adventure should not be under-estimated. Our activities improve resilience and vitality, provide a sense of accomplishment and purpose, help people to form friendships and create special memories. ## **Our Vision** Primarily, our focus is to change lives through adventure. We do this through the provision of a diverse range of outdoor activities (currently 17) which are suitable for varying abilities and unique circumstances. We provide physical and emotional challenges for children, young people and adults who face their own unique challenges, every day. Our activities offer excitement and fun and help to improve the lives of people who feel isolated and alone. We aim to make a positive impact on the children, young people, adults and families we support and to enrich lives through time spent outdoors, in unfamiliar environments and through the varying elements of the natural world. ## **Working in Partnership** We continue to work in partnership with other organisations and support their service users, students, patients and clients and we will continue to do this. We have funding available to provide our service in Devon, Cornwall and Somerset. We want to continue to develop our professional relationships with social services and local councils, NHS services, schools, colleges, universities and community organisations. This is in addition to the other charities we work with who support children, young people and adults with mental health conditions, learning disability or difficulty, physical disability, life-limiting illnesses or life-changing conditions. We collaborate to develop a better understanding and knowledge of using adventure and the outdoors as an effective form of therapy. ## **Education and Research** To become a trusted voice for outdoor therapy by encouraging and helping to develop research into utilising adventure-led activities and the outdoors as a form of therapy for the communities we support. We receive enquiries from university students who are completing their dissertation in outdoor education and using adventure as a form of therapy. We want to develop this: working with schools, colleges and universities, in addition to our service users, in putting this in to practice and developing our services based on this evidence-based research. We are reactive and proactive and we are driven by results. This will enable us to continue to grow as an organisation and remain versatile and adaptable in our approach. Registered Charity Number 1173646 Page 1 ||**Legal and Charity Informaton**| |---|---| |Registered Ofce|Adventure Therapy| ||5 Seaview Estate| ||Ilfracombe| ||Devon EX34 9PP| |Registered Charity Number|1173646| |Trustees|Geof Hills| ||Dean Gammon| ||Amber Gammon*| |Founder and Management|Rob Emery| ||MILM (Cert) MCIOF| |Principal Bankers|The cooperatve bank| ||PO Box 250| ||Skelmersdale| ||WN8 6WT| |Independent Examiner|Miss. S. L. Procter MAAT| ||Procter Accountancy| ||3 Princess Street| ||Barnstaple| ||Devon| ||EX32 7EU| |Insurer|Zurich Insurance PLC| ||The Zurich Centre| ||3000 Parkway| ||Whiteley| ||Fareham| ||Hampshire| ||PO15 7JZ| *please note that Amber Gammon is unrelated to Dean Gammon. Registered Charity Number 1173646 Page 2 ## **Trustees Report for the year ended 5 April 2022** The Trustees and Founder of Adventure Therapy present their Annual Report and Financial Statements for the year ended 5 April 2022. As a Charitable Incorporated Organisation (CIO), Adventure Therapy complies with section 133 of the Charities Act 2011 (The Charities Act) in preparing receipts and payments accounts. Founded on 3 July 2017, Adventure Therapy exists to improve the emotional and physical wellbeing of children and adults with mental health conditions, physical disability, learning disability, life-limiting illnesses or life-changing conditions, through the provision of outdoor and adventure-led activities. Adventure Therapy is a registered charity with the Charity Commission in England and Wales (charity number 1173646). “These sessions provide him with a sense that someone else, other than his immediate family, cares about him and enjoys seeing him achieve new challenges. It gives him a real sense of worth." - Harry’s Mum Registered Charity Number 1173646 Page 3 ## **Chairman and Founder’s Report** Whilst the ongoing Coronavirus pandemic continued to provide its own challenges, we were pleased to be able to provide a greater number of activities later in the financial year. Thanks to a generous 2-year grant we were also pleased to employ a new member of staff, to assist in organising our activities and raise awareness of our vital work in the community. This was particularly important as community, corporate and event fundraising has seen a significant decline across the sector due to COVID-19. Despite the difficulties of operating in a covid-environment, we were able to register additional activity providers and instructors, to ensure we have a greater geographic coverage and range of activities available across the region when we are back to full operating capacity. This also helps to ensure travel is kept to a minimum for both our service users and the Adventure Therapy team, when attending sessions. As with many charities, grant funding has remained our core source of income and we are ever-grateful to the trustees of the grant-making bodies who have kindly - and generously - supported us this year, enabling our activities to continue for the children, young people and adults we work with. We look forward to the year ahead and an opportunity to change lives in the communities we serve through time spent outdoors in nature and adventure. Thank you for your support during the past 12 months - it makes all the difference. Geoff Hills Chair of Trustees Rob Emery MILM (Cert) MCIOF Founder and Chief Executive Registered Charity Number 1173646 Page 4 ## **Structure, Governance and Management** Adventure Therapy is a Charitable Incorporated Organisation (CIO) and is governed by a Constitution and has no share capital. The charity is overseen by a board of Trustees who have responsibility for the governance of the organisation. The Board of Trustees has the power to nominate and appoint other Trustees as is considered appropriate and in the best interests of the organisation. New Trustees are offered a programme of induction which includes information provided by the Charity Commission and literature which is specific to the charity, to include: - The Charity Commission Charity Trustee Welcome Pack - Adventure Therapy Constitution - Minutes from the most recent Trustee Meeting - Safeguarding Children and Safeguarding Vulnerable Adults Policies - Most recent Annual Report and Financial Statements An induction also includes meeting the Founder and Chief Executive of Adventure Therapy and its current Board of Trustees. Trustees may be asked to attend a fundraising event or assist in the recruitment of volunteers. All Trustees give up their time freely and no Trustee receives remuneration. No Trustee incurred expenses during this accounting period. The Trustees meet as a board (with our Founder and Chief Executive) on a quarterly basis to ensure the governance and strategic management of the charity is implemented. This includes (but is not limited to) discussing: - The strategic direction of the organisation - Fundraising - Monitoring financial performance - Risk Management - Human Resources All decisions reached are by the majority vote of the Trustees. The finance function is currently overseen by Dean Gammon (who acts as Treasurer) and the charity Founder and Chief Executive, Rob Emery. Registered Charity Number 1173646 Page 5 ## **Structure, Governance and Management (continued)** ## **Employees** During this accounting period our Founder and Chief Executive and Chair of Trustees appointed a part-time Activities and Fundraising Coordinator, based in South Devon. This role has been funded through a restricted grant. ## **Senior Management Remuneration** Our Founder and Chief Executive works for the organisation on a part-time basis which includes employed and voluntary hours. Renumeration has been provided by a restricted grant and no employee earns more than £60,000. ## **Volunteers** The charity was pleased to appoint 5 new volunteers. ## **Public Benefit** Our Trustees confirm they have referred to the Charity Commission general guidance on public benefit when reviewing the aims and objectives of the charity. The benefits of Adventure Therapy are highlighted in this report but further information is provided on our website (www.adventuretherapy.org.uk). The Trustees review the charity’s activities against its aims and objectives on an ongoing basis and are satisfied that its activities continue to align with its purpose. The beneficiaries of Adventure Therapy are children, young people and adults with mental health conditions, learning disability or difficulty, physical disability, life-limiting illnesses or life-changing conditions. A referral process is in place and can be accessed through our website (or in hardcopy format if preferred) and clear guidance on criteria is provided when requested to ensure that those who meet the criteria can be offered activities and be supported by the charity, subject to funding. ## **Charity Governance Code** Adventure Therapy is a not-for-profit organisation and aims to follow charity sector best practice. Our Trustees are aware that good governance is fundamental to the success of an organisation and that the Charity Governance Code supports the charity’s compliance with the law and relevant legislation. The Code relates to an organisations purpose, leadership, integrity, decision making, board effectiveness, equality and diversity, openness and accountability. Board members consider that Adventure Therapy’s governance framework aligns with many aspects of the Code and on an ongoing basis, they will undertake a review of the Code and implement any consequential changes to Adventure Therapy’s governance and standards, as considered necessary. Registered Charity Number 1173646 Page 6 ## **Objects and Activities** ## **Objects of the Charity** The objects of the charity are for the Public Benefit, the relief of people in need by reason of ill-health, disability or other disadvantage or difficultly including, but not limited by: 1. The provision of recreational activities, provided in the interests of social welfare with a view to improving conditions of life. 2. The advancement of education and development of skills, capabilities and confidence as a means of therapy and in particular, but not exclusively, through the provision of instruction and facilities in outdoor/ adventure pursuits and other related activities. 3. To enable the access of and ability to carry our such activities as deemed supportive in aiding recovery and/ or quality of life through the provision of specialist equipment or grants to enable the purchase of such equipment. 4. The advancement of health or the saving of lives, by raising awareness of and carrying our research in the therapeutic benefits of outdoor/adventure pursuits and other related activities. For the purpose of this clause, ill-health, disability or other disadvantage or difficulty means physical disability, mental health conditions, learning disability, life-limiting illnesses or life-changing conditions. ## **Activities of the Charity** Adventure Therapy exists to improve the emotional and physical wellbeing of children and adults with mental health conditions, learning disability or difficulty, physical disability, life-limiting illnesses or life-changing conditions, through the provision of outdoor and adventure-led activities. Our range of activities build self-confidence and develop skills and abilities, through individual and group sessions, team work and leadership **.** "I enjoyed the fire because it was warm. The shooting arrows was fun. Thank you for teaching us. I want to go again.” Registered Charity Number 1173646 Page 7 ## **Policies** ## **Reserves Policy** Our Trustees recognise their commitment and obligation in providing activities for the children and adults who use our services and our commitment to support new referrals whilst maintaining our service over the longer term. ln their view it is vital to secure and maintain unrestricted general funds at a level that will ensure the availability of the services provided by Adventure Therapy during periods of economic uncertainty. ln establishing the Adventure Therapy reserves policy, our Trustees have taken guidance from the Charity Commission and considered the structure and activities of the organisation. This includes projecting cash flow over the next five years and identifying our associated key risks during this period. We take in to account both income and expenditure whilst also giving consideration to already committed expenditure, if it is appropriate. From this, it has been found to be prudent for Adventure Therapy to maintain a target range of unrestricted reserves of between 9 and 12 months operating costs. However, it should be noted that at present we have two part-time members of staff which are funded by restricted grants and therefore the capital requirement will be minimal. This policy is not static and will be reviewed regularly to ensure it meets the needs of the charity as it develops and as its running costs increase. Currently our unrestricted general funds (free reserves) are £2,000 as at 5 April 2022. The trustees consider it of strategic importance to increase our unrestricted funds and, whilst maintaining our day to day services for the public benefit, build a reserve of funds to provide future security for the organisation. ## **Investment Policy** The Trustees have not considered investment of funds at this stage as we do not have sufficient unrestricted funds available to review this important part of our operational planning. However, once we are in a suitable position financially, we will draw up and agree on an investment policy with any funds being invested in UK deposit accounts with an approved UK regulated bank or through advice received from an Independent Financial Advisor/Investment Management company. Whilst we would always endeavour to maintain a diverse investment portfolio and with low or medium risk we would always try to avoid investment into companies which turnover relates to armaments, tobacco products, fossil fuels, gambling, pornography or alcohol manufacture. Registered Charity Number 1173646 Page 8 ## **Policies (continued)** ## **Risk Policy** The Trustees and Chief Executive have reviewed the major strategic, financial and operational risks associated with the charity and confirm that procedures established (or since improved) continue to mitigate those risks. ## **Safeguarding Policies** Adventure Therapy has a Child Safeguarding and Vulnerable Adults Policy in place. Where required, volunteers, members of staff and Approved Activity Providers are required to hold a valid DBS check. ## **Our principle risks follow:** Risk of accidents when participating in activities. It is important to understand that Adventure Therapy facilitates access to outdoor activities via third party registered activity providers and as such, does not provide activities directly (i.e. by a member of Adventure Therapy staff). Therefore, the health and safety risk is undertaken by the activity provider and any person (or if applicable, parent or guardian) participating in an activity via referral from Adventure Therapy must sign (digitally or in person) a disclosure agreement which confirms the basis on which activities are undertaken, including the risk involved and the responsibility for that risk. However, as part of our processes and due diligence we will always ensure our Approved Activity Provider and/or registered instructor is: - Experienced and qualified - Holds valid liability insurance - Is a member of an appropriate membership or governing body - Holds a valid DBS certificate (where applicable) - Has child safeguarding and vulnerable adult safeguarding policies in place - Is confident working with children and adults with unique health conditions, impairments or limitations - Able to act as an Ambassador of Adventure Therapy at activities and shares in our ethos and vision We must also consider reputational risk should any person or persons be injured as a result of taking part in an activity under referral from Adventure Therapy. Other risks which are considered on an ongoing basis include: - Risk of fraud by Trustees, volunteers or employees of the charity - Risk of accidental damage to the charity’s assets - Risk of losing or not obtaining funding for support costs - Risk that our Founder and CEO does not have sufficient time available to dedicate to the managerial role - Risk of our Founder and CEO not being in a position to continue with his role/a similar role Registered Charity Number 1173646 Page 9 ## **Current Status and Plans for the Future** Our Fundraising Strategy is under continuous development to ensure we are able to provide our services in the future. We are reviewing options for the short, medium and longer term which includes trusts and grants in the short-term, corporate and community fundraising in the medium term (dependent on marketing and promotion and assistance from volunteers) and over the longer-term, in memoriam fundraising and gifts in Wills (legacies). However, we remain conscious that due to COVID-19, fundraising continues to be negatively impacted and this could remain so for several months, as the pandemic has resulted-in-face to face fundraising activities being difficult or unable to take place. Our Fundraising and Marketing Strategy will be reviewed regularly before the end of the next accounting period (5 April 2023) to take in to account the continuing adverse effect that COVID-19 has had on our fundraising. It is probable that we will need to have a further reliance on Trusts and Grants for the foreseeable future. - Develop our activities and services in Devon and Cornwall - Extend our services in Somerset - Increase awareness of the charity across the region - Continue to review and develop our Fundraising Strategy - Work with our Patron and Ambassador to encourage support from the outdoor activities community - Recruit additional (and maintain existing) volunteers - Increase income to support our ambitions - Continue to develop the charity and improve our infrastructure and security for the future Grants received during the accounting period: |North Devon District Council|Supports the purchase of equipment| |---|---| |Ilfracombe Round Table|Supports the purchase of equipment| |Ilfracombe Rotary Club|Supports the purchase of equipment| |Garfeld Weston Foundaton|Supports salaries| |Tesco (Groundwork UK)|Supports actvites for young people in the Ilfracombe area| |Natonal Lotery|Supports actvites, focus groups and marketng| |Norman Family Charitable Trust|Supports actvites and associated costs| |Clare Milne Trust|Supports actvites and associated costs in Devon or Cornwall| We are extremely grateful to our grant funders both past and present for their support and belief in what we endeavour to achieve as an organisation. Thank you. Registered Charity Number 1173646 Page 10 ## **Statement of Trustees Responsibilities** The Trustees of Adventure Therapy are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law in the United Kingdom. The Trustees of a Charitable Incorporated Organisation (CIO) must prepare financial statements for each financial year and they must not be approved unless the Trustees are satisfied they provide a true and fair view of the state of affairs of the charitable organisation, including the incoming resources and application of such resources. This includes income and expenditure for that period. In preparing these financial statements the Trustees are required to: - Select suitable accounting policies and apply them consistently. - Make judgements and estimates which are reasonable and prudent. - Whilst the Trustees observe the methods and principles of the Charities SORP, as a Charitable Incorporated Organisation, Adventure Therapy complies with section 133 of the Charities Act 2011 (The Charities Act) in preparing accounts on the receipts and payments basis. - State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements and - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees of Adventure Therapy are responsible for keeping sufficient accounting records that show and explain the charities transactions, disclose with reasonable accuracy at any time the financial position of the charity and ensure they comply with relevant legislation and with the provisions of the charities constitution. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Approval** This report was approved by the Board of Trustees on 8 August 2022 and is signed on its behalf by Geoff Hills Chair of Trustees Registered Charity Number 1173646 Page 11 ## **Statement of Fundraising** Supporters of Adventure Therapy can be assured that we comply with the regulatory standards for fundraising. We are registered with the Fundraising Regulator and we are committed to the Fundraising Promise and adherence to the Code of Fundraising Practice. This report covers the requirements that charities must follow as set out in the Charities Act 2016. We also abide by our own Ethical Fundraising Policy. We are authorised to use the Fundraising Regulator logo on our fundraising materials and website. We do not use external fundraising agencies but would encourage any service providers we use for fundraising to also be signed up to the code. We only work with service providers and appoint volunteers to carry out fundraising duties that we have confidence in and who have sufficient knowledge and expertise to support us as required, so we protect our supporters and the reputation of our charity. We ensure that the correct safeguards are in place with our suppliers and those who fundraise on our behalf. We require fundraising suppliers to confirm they comply with the Code of Fundraising Practice and provide training to volunteers, when required. As a charity that does not receive statutory funding, we need to raise all funds through fundraising activities, to enable our work to continue. This year we continued to fundraise through Trusts and Grants and were grateful for existing support from Somerset Discovery Fund in addition to new grant funding from Tesco (via Groundwork UK), the National Lottery, North Devon District Council, Ilfracombe Round Table, Ilfracombe Rotary, Garfield Weston Foundation, Clare Milne Trust and Norman Family Charitable Trust. On a day-to-day basis, all fundraising activities for the charity are managed by our Founder and CEO, who is a Full Member of the Institute of Fundraising and a Certified Member of the Institute of Legacy Management. We employ a part-time activities and fundraising coordinator to develop our services and raise awareness of our work. We are also aware of a continued need to recruit volunteers to assist with fundraising and this will be included in any revisions to our fundraising strategy. Overall, fundraising activities are overseen by our Board of Trustees. Our website (www.adventuretherapy.org.uk) outlines our complaints policy for the public and clearly explains how an individual can complain. We have received no complaints with reference to fundraising during this financial year. We are aware of our obligations to the public in this area and we are thorough in our fundraising activities to ensure there is no intrusion on people’s privacy or any undue pressure applied in line with the latest General Data Protection legislation. Our child safeguarding policy and our vulnerable adults policy is available on request. We do not intentionally carry out fundraising activities to people we consider to be vulnerable and we are committed to ensuring a parent, guardian or attorney is present and/or aware (referring to the GDPR directive), if a person we consider to be vulnerable indicates an intention to support our work, directly. Registered Charity Number 1173646 Page 12 **Receipts and Payments Account (Income and Expenditure for the year ended 5 April 2022)** ## **Receipts** |**Receipts**||||| |---|---|---|---|---| ||**Unrestricted Funds**|**Restricted Funds**|**Total Funds**|**Total Funds**| ||||**05.04.2022**|**05.04.2021**| |Donatons and Grants|£10,690.08|£49,241.99|£59,932.07|£53,132.76| |Other|£134.43|£0.00|£134.43|£433.35| |**Total Receipts**|**£10,824.51**|**£49,241.99**|**£60,066.50**|**£53,566.11**| |**Payments**||||| |Charitable Expenditure|N/A|N/A|N/A|£6,435.00| |Marketng|£442.87|£3,123.55|£3,566.42|£780.21| |Fundraising|£1,173.44|£5,290.42|£6,463.86|£825.86| |Support costs|£189.08|£4,127.47|£4,316.55|£1,962.54| |Governance costs|£569.52|£2,600.95|£3,170.47|£192.00| |Actvites|£191.27|£17,448.37|£17,639.64|£6,516.71| |**Total Payments**|**£2,566.18**|**£32,590.76**|**£35,156.94**|**£16,712.32**| |Transferred to reserves|£2,000.00|£0.00|£2,000.00|£0.00| |Net Receipts/Payments|£6,258.33|£16,651.23|£22,909.56|£36,853.79| |and net movement in funds||||| |**Reconciliaton of Funds:**||||| |Total funds brought forward|£398.88|£48,752.19|£0.00|£49,151.07| |Total funds carried forward|£6,657.21|£65,403.42|£72,060.63|£0.00| Registered Charity Number 1173646 Page 13 ## **Expenditure** **(Expenditure for the year ended 5 April 2022)** Marketing 10.1% Fundraising 18.4% Support costs 12.3% Governance 9% Activities 50.2% **Total 100%** We supported a total of 263 people this year, ranging from the ages of 8 years old through to 76 years old. The majority of the referrals received, however, were for young people (aged 12 - 28) with mental health conditions. These ranged from ADHD, PTSD and sensory overload to suicidal thoughts or attempted suicide. From the 17 activities we provide, certain ones were considered to be more beneficial to the wellbeing of the individuals and groups referred than others and therefore we completed a greater number of these activities. These were archery, bushcraft, surfing and kayaking. “I’ve been suffering with my mental health pretty consistently for the last 4 - 5 years, and have been trying the clinical forms of therapy for much of that time, mostly to no avail. At the beginning of this year, a training care coordinator who I was in contact with at the time referred me to Adventure Therapy, specifically to do surf therapy. I was sceptical at first, but decided to give it a go. At the time I wasn’t really interested in learning much, I just knew that surf tuition was hard to come by, so decided to humour the girl who had referred me and see how it went. My first session was alright, I had my guard up because it was a new environment, I was feeling embarrassed, and I didn’t feel like I was good enough to actually deserve to be there. As the sessions progressed, I noticed myself actually looking forward to them, and learning an awful lot while I was there, and by the time I did my last session, I had noticed that my upper body strength had improved, that I wasn’t feeling quite so faint afterwards, and I felt confident enough with basic white wave surfing that I was beginning to learn turns! As a result of this I’ve actually got myself my own surfboard and wetsuit, and plan to continue to surf as a therapeutic activity. Thank you very much for the opportunity Adventure Therapy!” - Scarlett. Registered Charity Number 1173646 Page 14 ## **Receipts and Payments Account** **(Income and Expenditure for the year ended 5 April 2022)** ## **Total Cash at Bank at 5 April 2022 — £74,060.63** ## **Grants brought forward (from 5 April 2021)** |Somerset Discovery Fund|£30,777.30|Aviva|£1,639.07| |---|---|---|---| |Groundwork UK|£1,685.40|DCC|£3,295.00| |Natonal Lotery|£821.21|Groundwork UK|£72.78| |**Grants received in this accountng**|**period**||| |North Devon District Council|£950.00|Local Giving (coop)|£500.00| |Ilfracombe Round Table|£1,049.49||| |Ilfracombe Rotary Club|£1,500.00||| |Garfeld Weston Foundaton|£20,000.00||| |Tesco (Groundwork UK)|£1,125.00||| |Natonal Lotery|£10,000.00||| |Norman Family Charitable Trust|£6,240.00||| |Clare Milne Trust|£6,240.00||| The Receipts and Payments Account includes all gains and losses recognised in the year. The Charitable Incorporated Organisation is entitled to exemption from audit for the year ended 5[th] April 2022. “Ellie is literally in her happiest place when on a horse. They are her current special interest and she talked about the horses for the rest of the weekend.” - Mum Registered Charity Number 1173646 Page 15 ## **Statement of Assets and Liabilities for the year ended 5 April 2022** ||**2022**|**2021**| |---|---|---| |**Current assets**||| |Stock|£0.00|£0.00| |Debtors|£0.00|£0.00| |Bank current account|£72,060.63|£49,151.07| |Bank reserves account|£2,000.00|£0.00| |Fixed (tangible) assets|£5,500.00|£0.00| |**Total**|**£79,560.63**|**£49,151.07**| |**Current liabilites**||| |Creditors (amounts falling|£0.00|£0.00| |due within one year)||| |**Net current assets**||| |Net assets|£30,409.56|£49,151.07| |**Funds**||| |Unrestricted funds|£6,258.33|£398.88| |Restricted funds|£16,651.23|£48,752.19 (brought forward)| |Reserves|£2,000.00|£0.00| |**Total Charity Funds**|**£74,060.63**|**£49,151.07**| Our bushcraft sessions can help people to form friendships, work as a team and support each other. They build resilience, teach new skills - and are great fun! Registered Charity Number 1173646 Page 16 ## **Notes to the Financial Statements for the year ended 5 April 2022** Adventure Therapy is a Charitable Incorporated Organisation (CIO) in England and Wales. Its principal address is 5 Seaview Estate, Ilfracombe, Devon EX34 9PP. The accounts have been prepared in sterling which is the functional currency of the charity. The charity meets the definition of a public benefit entity. The financial statements have been prepared on the assumption that the charity is able to carry on as a going concern, which the Trustees consider appropriate having regard to the circumstances outlined in the Chairman’s report and in grants which have been awarded during and since the end of this financial reporting period. ## **Approval** This Statement of Financial Activities was approved by the Board of Trustees on 8 August 2022 and is signed on its behalf by Dean Gammon Trustee, Treasurer Registered Charity Number 1173646 Page 17 ## **Notes to Accounts** ## **Income** Income is recognised when the charity has entitlement to and is in receipt of funds. Income from voluntary sources is received by way of donations and gifts and is included in full in the Receipts and Payments Account (Statement of Financial Activities) when received. Income from gift aid tax reclaims is recognised for all donations made prior to the year end, provided valid gift aid declarations are held. ## **Restricted Funds** These are stated by the donor of the funds or the appeal to which they relate, for specific purposes within the overall aims of the organisation. Donations and income deriving from restricted gifts will be used in accordance with specific purposes. ## **Unrestricted Funds** These are funds which may be used at the discretion of the management in furtherance of the objects of the charity. ## **Donations** Donations received for the general purposes of the charity are included, if applicable, as unrestricted funds. Donations for activities which are restricted by the donor are allocated as restricted funds. Donations required to be retained as capital in accordance with the donors wishes are accounted for as endowments – permanent or expendable, depending on the nature of the restriction. Thank you to all of supporters for your generosity throughout the year. Your kindness has helped people to form friendships, provided a sense of accomplishment and built resilience. You have changed lives through adventure. Registered Charity Number 1173646 Page 18 ## **Notes to Accounts (continued)** ## **Donations of services and facilities** If applicable, properties, investments and other fixed assets donated to the charity are included as income at market value at the time that the charity takes control of the item. Donated services and facilities are included as income, if material, at their estimated value to the charity when received. And under the appropriate expenditure heading, depending on the nature of the service provided, at the same value and time. Time donated by volunteers is of significant value to the charity, for which we are extremely grateful, but will not be recognised in the accounts as it cannot be reliably valued. ## **Legacy income** Gifts in Wills (legacies) are recognised when an Estate has been finalised by the Executor/s and a distribution is received from the Estate. Receipt of a legacy is only considered probable when the amount can be reliably measured and the Executors have advised the charity that a distribution will be made. Where a legacy gift has been notified to the charity but the criteria for income recognition has not been met, the gift is treated as a contingent asset. Whether the gift is a pecuniary legacy (a set amount of money in a Will) or a residuary legacy, gifts in Wills are recognised when amounts are distributed and in the case of residuary gifts, when the final Estate Accounts are agreed by the Executors and received by Adventure Therapy. Reversionary legacies are not recognised during the lifetime of the original beneficiary under the Will and are only recognised when the conditions of the gift are met and the legacy is distributed to Adventure Therapy. ## **Income received in advance** If income is received in advance of an event or the provision of another specific service, it is deferred until the criteria for income recognition is clearly met. ## **Interest received** Interest on funds held on deposit is included when it is received. ## **Fixed (tangible) assets** Will depreciate on a straight line basis at a rate of 20% each year. Registered Charity Number 1173646 Page 19 ## **Notes to Accounts (continued)** ## **Investment income** Investment income, when applicable, will be credited as income when it is received. ## **Grants** Income from grants, including capital grants, is included as income when the charity has entitlement to and is in receipt of funds. That is unless the donor specifies that grants given to the charity must be used in future accounting years, in which case the income would be deferred until those years or when donors impose conditions which must be fulfilled before the charity becomes entitled to use such income. The income would then be deferred and not included as an income resource until the conditions for its use have been met. Grants received for specific purposes are accounted for as restricted funds. Grants that provide core funding or are of a general nature provided by charitable foundations are recorded as donations. ## **Fundraising Events** Voluntary income raised through events (principally donations) is recognised in the period in which the event takes place. "We would like to say a massive thank you for Jayden’s experience at Go Ape. He had a fantastic time and loved every minute of it; he had an amazing day”. - Mum. Registered Charity Number 1173646 Page 20 ## **Expenditure** Expenditure is accounted for once there is a legal and constructive obligation to make a payment to a third party and that payment has been made. Expenditure has been classified under the following headings: ## **Charitable Expenditure** Comprises of direct expenditure which is attributable to the charitable activities, fundraising and support costs of Adventure Therapy. ## **Marketing** Marketing costs are spent to raise awareness of the organisation and include staff costs, literature, advertising (in print format and digital media), website and other promotional materials. ## **Fundraising** The costs incurred in raising funds to support our work include encouraging individuals and organisations to make voluntary contributions and donations to the charity. This includes staff costs and may, in the future, include the cost of the charity’s fundraising offices, storage facilities, supporter groups and trading and investment management fees. Fundraising costs and resources are considered to be an investment into the charity. ## **Support Costs** Administrative or support costs include office, desk space, computers, IT equipment and software, charity database, transport and insurance. ## **Governance** Governance costs comprises the costs of running the charity and ensuring it is legal and compliant. This includes the cost of legal advice for trustees, management costs, insurance costs, professional memberships, Data Protection and GDPR, preparing statutory accounts (including independent examination or external audit) and all costs of complying with constitutional and statutory requirements such as the costs of Board and Committee meetings. ## **Activities** Activities include the cost of instruction (i.e. paying our Approved Activity Providers), staff and associated costs, which may also include the equipment required for an activity to take place. Registered Charity Number 1173646 Page 21 ## **Additional Notes** ## **Taxation** The charity is exempt from Corporation Tax on its charitable activities. The charity is not currently registered for VAT. ## **Pension Costs** Adventure Therapy paid into a pension scheme for one member of staff. Registered Charity Number 1173646 Page 22 Making Life Great Outdoors" ADVENTURE TTherapy Reglsiered wlth FR FUNE)RAISING REGULATOR Registered Charity Numberl173646 For further information, please contact: ## **Adventure Therapy** 5 Seaview Estate Ilfracombe Devon EX34 9PP Telephone – 01271 865285 enquiries@adventuretherapy.org.uk www.adventuretherapy.org.uk #MakingLifeGreatOutdoors Registered Charity Number 1173646