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2024-12-31-accounts

Trustees’ annual report for the period

Period start date Period end date
From 01 May2024 To 31 December 2024

Reference and administration details

Charity name WAVE Adventure
Registered charity number
1208050
Charity’s principal address The Bunker
Off Holt Mill Road
Rossendale
BB4 7JG
Email/ website waveadventure@outlook.com
http://www.waveadventure.co.uk

Names of trustees who manage the charity

Trustee Name Office(if any)
Tom Miller Chair/Safeguarding
James Kirk
Makenzie Hey Secretary
Jessica Calvert
Joyce Hanna
FayWiblin

Names and addresses of advisors

Type of advisor Name Address

Bank Lloyds Hotel St,Bolton
Accountant CHW ChorleyOld Rd,Bolton

Name of senior staff members

Name Position

Name of senior staff members
Name		 Position
Graham Wood Founder/CEO
GinnyAllende Diversity& Inclusion Lead
Lee Armsden Administrator

Structure, governance & management

Description of the charity’s trusts

Type of governing document Constitution adopted April 2024 How the charity is constituted WAVE is a charitable association and changed status from a registered charity to a CIO in May 2024 Trustee selection methods Trustees are appointed or reappointed annually at the AGM held in October

Additional governance issues

There is a child protection/ vulnerable adult policy in place Risk Assessment forms are in place for all hazardous activities DBS checks are held for trustees and regular volunteers/ sessional staff WAVE is affiliated to the following NGB’s and statutory bodies: British Cycling, Paddle UK, MIAS, Mountain Leader Training Board. WAVE is also partnered with Rossendale Leisure Trust, Rossendale Borough Council, Adullam Homes, Bolton Council, Bolton CVS, Burnley Pendle & Rossendale CVS, Forever Manchester.

WAVE has received recent funding from Bolton CVS, Burnley Pendle & Rossendale CVS, Forever Manchester, Garfield Weston Foundation and The National Lottery. WAVE is indebted to its volunteers who offer, free of charge their time and expertise to enable the organisation to continue and develop.

Summary of the objects of the charity set out in its governing document

The charity’s objects (‘the objects’:

To provide or assist in the provision of facilities for canoeing, rock climbing, mountain biking, and other outdoor sports and recreation or leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life, including the provision of support and training to overcome barriers to participation and which builds their capacities and skills.

Summary of the main activities undertaken for the public benefit in relation to these objects:

WAVE offers outdoor activity, teambuilding, confidence building, leadership, mentoring & volunteer training opportunities to those who are most disadvantaged in the Lancashire/ Greater Manchester Regions.

Additional details of objectives and activities:

WAVE's main objectives are:

Review of activities and achievements

WAVE has continued to experience a huge demand for its range of programmes now running around 10+ sessions per week plus targeted sessions & events. Our organisations continues to target those experiencing most isolation and disadvantage ages 3-80+ typically working with 1500+ each year.

Our environmental sustainability has, again increased significantly and we have led on campaigns such as #onelesscar and rewilding projects in Derbyshire and Rossendale.

Beneficiaries this year have included:

Our aims for 2025

WAVE will continue to develop its provision and increase regular opportunities to participate in its projects. It will continue to be responsive to the needs of its members/ beneficiaries. Plans include:

Finances

WAVE 2024 accounts are available on request and have been submitted to the Charity Commission (Independently prepared/ assessed by Ian Orgill (CHW).

Docusign Envelope ID: 4282F7B7-9AAD-450B-A531-CCC70736DA05

Charity Registration Number 1208050

WAVE ADVENTURE

INDEPENDENT EXAMINERS REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Docusign Envelope ID: 4282F7B7-9AAD-450B-A531-CCC70736DA05

WAVE ADVENTURE

F INANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

Contents Pages
Charity statutory information 1
Independent examiners report 2
Statement of financial activities 3
Balance sheet 4
Statement of cash flows 5
Notes to the financial statements 6 – 8
Detailed income and expenditure account 9

Docusign Envelope ID: 4282F7B7-9AAD-450B-A531-CCC70736DA05

WAVE ADVENTURE CHARITY STATUTORY INFORMATION FOR THE PERIOD ENDED 31 DECEMBER 2024

The trustees present their annual report and accounts for the period ended 31 December 2024.

Reference & Administrative Details

The Charity: WAVE Adventure Charity number: 1208050 Address: WAVE Bike Hub 498 Bury Road Bolton BL2 6DS

TRUSTEES

J Calvert (appointed 17 October 2024) F Wiblin (appointed 10 July 2024) M Hey (appointed 01 May 2024) J Kirk (appointed 01 May 2024) T Miller (appointed 01 May 2024) J Hanna (appointed 01 May 2024)

INDEPENDENT EXAMINERS

Cowgills Limited ICAEW Chartered Accountants Fourth Floor Unit 5B, The Parklands Bolton BL6 4SD

PAGE 1

Docusign Envelope ID: 4282F7B7-9AAD-450B-A531-CCC70736DA05

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF WAVE ADVENTURE FOR THE PERIOD ENDED 31 DECEMBER 2024

I report to the charity trustees on my examination of the accounts of the company for the period ended 31 December 2024, which are set out on pages 3 to 8.

Responsibilities and basis of report

As the charity’s trustees of the company (and also its directors for the purposes of the company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (the ‘2011 Act'). In carrying out my examination I have followed the Directions given by The Charity Commission under section 145(5){b) of the 2011 Act.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

I Orgill Cowgills Limited ICAEW Chartered Accountants Fourth Floor Unit 5B, The Parklands Bolton BL6 4SD

DATE: 6/10/2025 | 2:00 PM BST

PAGE 2

Docusign Envelope ID: 4282F7B7-9AAD-450B-A531-CCC70736DA05

WAVE ADVENTURE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2024

Notes
Income and endowments:
Income
and
endowments
from
generated funds
Voluntary income
2
Total income and endowments
Expenditure on:
Charitable activities
Total expenditure
Net movement in funds
Transfer
Reconciliation of funds
Total funds brought forward
8
Total funds carried forward		 Restricted
Unrestricted
TOTAL
Funds
Funds
Funds
31
December
31
December
31
December
2024
2024
2024
£
£
£
91,585
27,844
119,429
91,585
27,844
119,429
62,920
18,536
79,906
62,920
18,536
79,906
28,665
9,308
39,523
(11,015)
11,015
0
17,616
126,662
144,278
35,266
146,985
182,251

There are no recognised gains or losses in the period other than those included in the Statement of Financial Activities.

The Statement of Financial Activities has been prepared on the basis that all operations are continuing.

PAGE 3

Docusign Envelope ID: 4282F7B7-9AAD-450B-A531-CCC70736DA05

WAVE ADVENTURE BALANCE SHEET FOR THE PERIOD ENDED 31 DECEMBER 2024

Notes
TANGIBLE FIXED ASSETS
5
CURRENT ASSETS
Cash at bank
Debtors
6
CREDITORS
Amounts falling due within one period
7
NET ASSETS
THE FUNDS OF THE CHARITY
Unrestricted funds
Restricted funds
8
8
TOTAL CHARITY FUNDS		 31 December
2024
£
£
101,372
81,603
4,404
(5,128)
80,879
182,251
146,985
35,266
**182,251 **		 31 December
2024
£
£
101,372
81,603
4,404
(5,128)
80,879
182,251
146,985
35,266
**182,251 **
182,251
146,985
35,266
**182,251 **

6/10/2025 | 12:38 PM BST Approved by the board of trustees on ……………………… and signed on their behalf by:

T Miller Trustee

Docusign Envelope ID: 4282F7B7-9AAD-450B-A531-CCC70736DA05

PAGE 4

WAVE ADVENTURE STATEMENT OF CASHFLOWS FOR THE PERIOD ENDED 31 DECEMBER 2024



Note
Cash flows from operating activities
Net cash used in operating activities
9
Cash flows from investing activities
Purchase of tangible fixed assets
Proceed of sale of fixed assets
Cash flows from financing activities
Increase (decrease) in cash and cash
equivalents in the period
Cash and cash equivalents at the
beginning of the period
Total cash and cash equivalents at the
end of the period		 Period ended
31 December
2024
£
191,193
(109,590)
-
-
81,603
-
81,603

Docusign Envelope ID: 4282F7B7-9AAD-450B-A531-CCC70736DA05

Page 5

WAVE ADVENTURE NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

1. STATEMENT OF ACCOUNTING POLICIES

The following accounting policies have been used consistently in dealing with the items which are considered material to the Charity's affairs.

Basis of preparation of the financial statements

The accounts have been prepared to give a ‘true and fair’ view and have departed from the charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Income and endowments

Income received and invoiced income is accounted for on the accruals basis.

Expenditure

Expenditure is included in the accounts on an accruals basis, inclusive of VAT.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Plant and equipment 15% reducing balance Fixtures and fittings 15% reducing balance Office equipment 15% reducing balance

Docusign Envelope ID: 4282F7B7-9AAD-450B-A531-CCC70736DA05

PAGE 6

WAVE ADVENTURE

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

2
VOLUNTARY INCOME
Grants & fees
3
NET INCOMING RESOURCES FOR
THE PERIOD
Independent examination fees
4
INFORMATION ON EMPLOYEES
The average monthly number of employees, calculated on a full time
equivalent basis, analysis by function was:
Charitable activities
 Total
2024
£
119,429
119,429
2024
£
2,080
2024

2
2
5
TANGIBLE FIXED ASSETS
Cost
Brought forward
Additions
Disposals
Carried forward
Depreciation
Brought forward
Charge for the period
Disposals
Carried forward
Net book value
At 31 December 2024		 Land
2024
Motor
vehicles
2024
Office
equipment
2024
Plant &
equipment
2024
Total
2024
£
£
£
£
£
-
22,432
-
-
13,258
-
-
889
-
-
73,011
-
-
109,590
-
22,432
13,258
889
73,011
109,590
-
-
-
-
-
-
-
1,326
-
89
-
6,803
-
8,218
-
-
1,326
89
6,803
8,218
22,432
11,932
800
66,208
101,372

Docusign Envelope ID: 4282F7B7-9AAD-450B-A531-CCC70736DA05

PAGE 7

WAVE ADVENTURE NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

6 DEBTORS: Amounts falling due within one period DEBTORS: Amounts falling due within one period DEBTORS: Amounts falling due within one period 2024
£
Other debtors -
Prepayments 4,404
**4,404 **
7 CREDITORS: Amounts falling due within one period 2024
£
Accruals and deferred income 3,500
Trade Creditors -
PAYE 78
3,578

8
RECONCILIATION OF		 As at Transfer Income Expenditure As at
FUNDS
 01 May 31 December
2024 2024
Restricted funds 17,616 (11,015) 91,585 (62,920) 35,266
Unrestricted funds 126,662
 11,015
 27,844 (18,536) 146,985
144,278
 0 119,429 (79,906) **182,251 **

There has been a transfer from restricted funds for acquisition of fixed assets.

9 CASH USED IN OPERATING ACTIVITES

CASH USED IN OPERATING ACTIVITES
Net movement in funds
Add back
(Increase) / Decrease in debtors
Increase / (Decrease) in creditors
Depreciation		 2024
£
183,801
(4,404)
3,579
8,218
191,194

Docusign Envelope ID: 4282F7B7-9AAD-450B-A531-CCC70736DA05

PAGE 8

MANAGEMENT INFORMATION

FOR THE PERIOD ENDED 31 DECEMBER 2024

Docusign Envelope ID: 4282F7B7-9AAD-450B-A531-CCC70736DA05

WAVE ADVENTURE DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 DECEMBER 2024

Income and endowments from:
Grants
Fees
Total income and endowments
Expenditure on:
Storage
Rent
Venue hire
Volunteer training
Volunteer expenses & transport
Insurance
Equipment
Motor running expenses
Travel
Training
Advertising
Refreshments
Subscriptions
Repairs
Wages & salaries
Subcontractors
IT equipment
Utilities
Legal and professional fees
Sundry expenses
Bank charges
Accountancy
Depreciation
Profits on sale of fixed assets
Total expenditure
Net profit / (deficit) for the period		 Total
2024
£
92,580
26,849
119,429
526
4,400
676
-
767
2,239
1,166
2,307
5,168
1,308
-
249
1,958
3,865
23,897
18,492
435
1,314
1,546
-
78
3,630
8,218
(780)
81,459
37,970

PAGE 9

Docusign Envelope ID: 4282F7B7-9AAD-450B-A531-CCC70736DA05

Letter of Representation

Cowgills Limited Fourth Floor Unit 5B, The Parklands Bolton BL6 4SD

Dear Sirs

Financial Statements of WAVE Adventure for the year ended 31 December 2024

We confirm to the best of our knowledge and belief, and having made appropriate enquiries of other members, management and staff with relevant knowledge and experience (and, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the following representations given to you in connection with the company’s financial statements for the year ended 31 December 2024.

1. RESPONSIBILITY FOR THE FINANCIAL STATEMENTS

We acknowledge as members our responsibility for the financial statements which you have prepared for the company and that in our opinion the company is entitled to the audit exemption claimed.

2. COMPLETENESS OF INFORMATION

All the accounting records have been made available to you and all the transactions undertaken by the company have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and members’ meetings have been made available to you.

3. CAPITAL REQUIREMENTS

At the balance sheet date, the company had no capital commitments contracted for, nor had expenditure been sanctioned by the members but not contracted for.

4. ASSETS AND LIABILITIES

All known assets and liabilities of material amount of the company at the accounting date are included in the financial statements. Their value and classification are not materially affected by any intended developments or plans of the company.

5. PROPERTY VALUATION

The members are not aware of any material changes in valuation and therefore the valuation has not been updated.

6. NON DEPRECIATION OF PROPERTY

Docusign Envelope ID: 4282F7B7-9AAD-450B-A531-CCC70736DA05

On the property the useful life is considered to be long and the residual value high and any depreciation would be immaterial. Therefore, no depreciation is charged. The property has been reviewed for impairment.

7. FIXED ASSETS

The useful economic life of the assets has been reviewed at the end of the accounting period and these are correctly incorporated within the accounts.

8. CONTINGENT LIABILITIES

There were no contingent liabilities for which provision has not been made.

No legal actions against the company are anticipated.

9. CHARGES ON ASSETS

All charges on assets, guarantees and warranties (if any) have been disclosed in the financial statements.

10. POST BALANCE SHEET EVENTS

There have been no events since the balance sheet date, which necessitate revision of the figures included in the financial statements or inclusion of a note thereto.

11. GOING CONCERN BASIS

We have reviewed the anticipated trading of the company for the next twelve months and its impact on the cash flow of the company and feel the going concern basis of preparation of the financial statements is appropriate and the relevant disclosures in the financial statements are adequate.

12. LAWS AND REGULATIONS

You confirmed you are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the entity conducts its business and which are central to the entity’s ability to conduct its business, except as explained to ourselves and as disclosed in the accounts.

13. INSURANCE

We consider that all insurable assets and risks appropriate to the company’s trading are adequately covered, in particular those relating to consequential loss.

14. PROFIT AND LOSS ACCOUNT

Except as disclosed in the financial statements, the results for the accounting period were not materially affected by:-

Docusign Envelope ID: 4282F7B7-9AAD-450B-A531-CCC70736DA05

15. TRANSACTIONS WITH MEMBERS/RELATED PARTIES

We confirm the completeness of information provided regarding the related party and control disclosures in the financial statements.

The company has at no time during the period had any arrangement, transaction or agreement to provide credit facilities with the members that requires disclosure in the financial statements.

16. RESTRICTED RESERVES

We confirm that the restricted reserves are £35,262 at 31 December 2024.

Yours faithfully

Signed on behalf of the Members of WAVE Adventure

6/10/2025 | 12:38 PM BST MEMBER ..................................... .…………. DATE ……………………………