SOCIAL ADVENTURES LIMITED

MANAGEMENT REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD 1ST APRIL 2018

TO 31ST MARCH 2019

REGISTERED SOCIETY UNDER THE CO-OPERATIVE AND COMMUNITY BENEFITS

SOCIETIES ACT 2014

MANAGEMENT REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD 1ST APRIL 2018 TO 31ST MARCH 2019

ContentsLEGAL AND GENERAL ADMINISTRATIVE INFORMATION.................................................1

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF SOCIAL ADVENTURES..10

STATEMENT OF FINANCIAL ACTIVITIES...........................................................................13

BALANCE SHEET.................................................................................................................14

STATEMENT OF CASH FLOWS...........................................................................................15

NOTES TO THE FINANCIAL STATEMENTS........................................................................16

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LEGAL AND GENERAL ADMINISTRATIVE INFORMATION

COMMUNITY BENEFIT SOCIETY NAMESocial adVentures Limited

MANAGEMENTCOMMITTEE

Executive

Scott Darraugh (Chief Exec)

Nathaniel Malam (Financial Director)

Christian Loftus (Business Development Director)

Katherine Simpson (Projects Director)

Stakeholder Directors

Dr Stephen Young (Chair)

Amy Pearl (resigned November 2018)

Milko Radovic (Appointed November 2017)

CORRESPONDENCE ADDRESSSocial adVentures

1 St Philips Place

Salford

M3 6FA

AUDITORMitchell Charlesworth LLP Chartered Accountants

Centurion House

129 Deansgate

Manchester

M3 3WR

SOCIETY REGISTRATIONRegistered society under the Co-operative and Community Benefit Societies Act 2014 on

23rd June 2008 and named Social Adventures Limited.

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MANAGEMENT COMMITTEE REPORT

The Management Committee present their report and audited financial statements for the

period1st April 2018 to 31st March 2019.

Reference and administrative information set out on page 1 forms part of this report. The

financial statements comply with current statutory requirements, the Co-Operative and

Community Benefit Societies Act 2014 and the Statement of Recommended Practice -

Accounting and Reporting by Charities: SORP applicable to charities preparing their

accounts in accordance with FRS 102.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Social adVentures Limited was registered under the Co-operative and Community Benefit

Societies Act 2014 on 23rd June 2008 and named Social Adventures Limited. The

confirmation of the management committee (or Board) occurs each year at the Annual

General Meeting.

On 1st April 2012, the Society became fully operational under the full Rules of the Society.

The aforementioned Rules were amended in March 2015 to ensure the organisation’s

governance could operate effectively and efficiently. The Society’s Board consists of the

Executive (paid) and Stakeholder (voluntary) seats.

The Society is governed by a Board that comprises the Executive and Stakeholder Directors.

Stakeholder Directors are selected for their skills. The Board meets on a bi-monthly basis

with a standardised agenda to which may be added other issues such as strategic planning.

The Board of Directors is responsible for managing the business of the Society by:

•shaping the Society’s mission and strategic direction

•monitoring and improving performance

•ensuring leadership and resources

•ensuring accountability for activities to relevant parties, especially Members.

Directors are personally responsible for making sure that the Society fulfils its statutory

duties, including maintaining full and accurate accounting records for each financial period.

The Board ensures that all statutory documents are prepared and filed with the FCA as and

when required. In particular:

•annual report and accounts

• annual returns

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•notice of change of directors or secretaries or in their particulars

•notice of change of registered office

•Register of Directors

New Stakeholder Directors are identified through a publicised formal recruitment process.

Prospective Stakeholder Directors will have a formal interview with the Chairman and the

Chief Executive. Directors are provided with an induction, and the opportunity to access

training if required. Development needs are identified with the Chair on appointment and

subject to an annual appraisal.

SOCIETY STATUSSocial adVentures Limited is registered as a Community Benefit Society. Following the

amended Rules in March 2015 membership was limited to the Board. Each Director

becomes a Member by subscribing for one £1 share in the Society. Liability is limited to any

amount remaining unpaid on that member's single £1.00 share. As of 31st March 2018, the

total number of current shares was 7.

CHARITABLE OBJECTIVES AND ACTIVITIESSocial adVentures have a bold and clear vision:

‘We will make the world a happier and healthier place to live’

By this, we mean:

Happiness- enjoyment of a full and meaningful life.

Health - a state of complete physical, mental and social wellbeing.

Underpinning this vision is the Society’s charitable objectives:

To advance the health of the public by the promotion of healthy eating, exercise

and other activities that has a beneficial effect on health.

To develop the capacity and skills of the members of the socially and

economically disadvantaged community of Salford in such a way that they are

better able to identify, and help meet, their needs and to participate more fully

within society

To advance the education of the public by the provision of classes, courses

and/or other educational activities.

This vision will be realised through the continued improvement and development of health

and wellbeing services for the diverse communities that we serve.

Social adVentures supports people to enjoy healthier, happier lifestyles. We believe that

staying healthy and happy is as much about keeping people active and fulfilled as it is about

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taking medication to treat the symptoms. We aim to help people tackle the roots of their

problems and thus aim to provide prevention through education and enhancing lives.

To enable us to do deliver our vision we deliver a diverse portfolio of services. These include

delivery of public health and care service contracts, running a small group of children’s

nurseries, a community café, and a garden centre. All of our service offerings have the

Society’s vision and values at their core. We aim to create a values-driven organisation,

where teams of clinical and lay staff work together and complement each other, leading to

new ways of providing care, meeting national standards, and empowering citizens and

communities.

KEY ACHIEVEMENTS

Social adVentures has continued to develop the social business model alongside ensuring

we meet the ever increasing demands of our contracts. This is with the aim of becoming

sustainable in the long term and allows us to invest more into the services we care about.

Over the last 12 months the targets have increased significantly , however we have adapted

and changed the way we deliver the services in order to meet the new demands and have

been successful in this.

We have continued to take a leading role in social prescribing services. The ICAN project

has continued as a way of working with people on a 121 basis in order to help them reach

their goals around weight loss, smoking and exercise.

This year we successfully bid to become a partner in a new social prescribing service for

Salford called Wellbeing Matters. We are the anchor organisation for our neighbourhood and

employ a social prescriber who works within GP surgeries and local health centres taking

referrals from medical professionals. This links people up with local services in order to

reduce demand on GP’s and get people engaged with services that will help them more

quickly.

At the same time as delivering our contracts we have expanded the scope of our social

businesses as follows:

- We significantly grew our newest nursery in Salford which had opened in February

2018. We developed a staff team and increased the occupancy.

- We have expanded the number of forest schools that we provide, trialling new

services in Radcliffe and Whitefield.

- We employed a full time Forest School Coordinator with the aim of setting up our

own Forest School Centre of Excellence to provide training.

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- We launched forest school birthday party packages to utilise our forest school setting

during weekends.

- We took part in a Council led Swap to Stop smoking cessation initiative which

garnered learning from our own E-cigarette project within its set-up.

- We developed and started to run a Woodland Wellbeing programme designed to

connect people with the outdoors through activity and improve mental and physical

health.

We have continued to focus all areas of the business (both contracted and social) on 3 main

areas – Start Well, Live Well, Age Well.

Start Well- Expanded our nursery forest school provision to ensure one of our forest school

leaders spends time at each setting weekly to enable all pre-school children to

experience forest school activity.

- Set up new holiday club forest school provisions to reach more children.

- Continued to develop our nursery menus to ensure children’s meals are healthy,

nutritious and tasty.

- Invested into our newest nursery setting in Salford to ensure children are receiving

the highest quality of care.

Live Well- Invested some of our own profits in delivering smoking cessation through E-

Cigarettes working with 209 people and achieving a 24% quit rate.

- 625 people took part in exercise at The Angel Centre

- 81 people took part in works and skills programmes, with 101 weeks of work

placements provided. 5,624 hours of volunteering were completed at our sites and 11

people went on to gain paid employment with the support of our staff.

- 553 people took part in a weight loss intervention using the nationally recognised

Change for Life programme.

- 75 people regularly attended our health and horticulture programme at Garden

Needs.

Age Well- We launched our Woodland Wellbeing sessions for over 50’s designed to improve

both mental and physical health by connecting communities with the outdoors.

- We continued to run monthly Intergenerational sessions bringing together pre-school

children and Care Home residents in a joint activity.

- We held several day trips visiting York and Windermere and, held get togethers

throughout the year to combat social isolation

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- We continued to run our care home exercise programme with weekly visits to homes

in Salford.

FINANCIAL REVIEW, INVESTMENTS POLICY AND RESERVES

During the year our turnover was £1,076,173 with total expenditure of £1,080,701 resulting

in a net deficit of £4.528.  Our total assets at the year-end stood at £453,645. We would like

to thank our partners, customers and members for their continued support.

The purpose of the Reserves policy for Social adVentures is to ensure the stability of the

mission, programs, employment, and ongoing operations of the organisation and to provide

a source of internal funds for organisational priorities such as building repair and

improvement, program opportunity, and capacity building. The Reserves policy is

implemented in concert with the other governance and financial polices of Social adVentures

and is intended to support the goals and strategies contained in these related policies and in

strategic and operational plans.

PLANS FOR FUTURE PERIODS

Social prescribingIn line with the Government’s commitment to social prescribing we will continue to develop

an evidence based model for social prescribing with partners in the Wellbeing Matters

partnership with a view to this being re-commissioned in the coming year alongside this we

will explore commissioning opportunities in other geographical areas.

GreencareWe will continue both the horticulture and woodland wellbeing programmes in Salford.

Developing strong outcomes for local people of all ages. There is still uncertainty about the

mental health recovery and horticulture contract we will continue to adapt the service to meet

the changes in commissioning targets.

E-Cigarette’sWe are currently developing an ethical supply chain for the E-cigarette smoking cessation

service which we deliver for Salford CCG as part of the GM Social Innovation Funding. We

will continue to work with our commissioners to understand the challenges of developing this

service to support local to stop smoking. We will continue to explore commissioning

opportunities nationally and develop ways of using technology to support the development of

the service.

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Forest School TrainingWe have a bold vision to create a forest school centre of excellence delivering high quality

level 3 training to education professionals and early year’s practitioners. We aim to deliver a

minimum of 4 cohorts per year of Level 3 training alongside a range of other outdoor

courses.

Forest School Holiday ClubsFollowing on from our successful holiday club in Kersal Dale we aim to develop a full time

holiday club at Springwater Park in Whitefield.

ChildcareWe aim to have occupancy at an average of 50% across all setting throughout the year. We

aim to develop a robust quality framework across all settings.

Risk managementThe Management Committee has conducted a review of the major risks to which the Society

is exposed and systems have been established to mitigate those risks. The Management

Committee have agreed to adhere to the Social adVentures Risk Policy, a formal statement

which confirms that the Social adVentures Management Committee is committed to

maintaining a strong risk management framework. Our aim is to ensure that Social

adventures’ makes every effort to manage risk appropriately by maximising potential

opportunities whilst minimising the adverse effects of risks. This Policy is used to support the

Social adVentures internal control system so that we can respond to operational, strategic

and financial risks regardless of whether they are internally or externally driven. This policy

is therefore be used to inform strategic decision making and ensure that Social adVentures

risk appetite is considered when the Board and senior management team make decisions

regarding the operational management and growth of Social adVentures.

STATEMENT OF MANAGEMENT COMMITTEE RESPONSIBILITIESThe law governing Community Benefit Societies requires the Management Committee

members to prepare financial statements for each financial year which give a true and fair

view of the state of affairs of the Society as at the Balance Sheet date and of its surplus or

deficit for that year. In preparing those financial statements, the Management Committee

members are required to:

select suitable accounting policies and then apply them consistently

make judgments and estimates that are reasonable and prudent

state where applicable accounting standards have been followed subject to any

material departures disclosed and explained in the financial statements

departures disclosed and explained in the financial statements

prepare the financial statements on the Going Concern basis unless it is

inappropriate to presume that the co-operative will continue in business

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The Management Committee are responsible for keeping proper books of account such as

are necessary to give a true and fair view of the Society's state of affairs and to explain its

financial transactions. The Society must also establish and maintain a satisfactory system of

control of its books of account, its cash holdings and all its receipts and remittances, and

hence is responsible for safeguarding the assets and for taking reasonable steps for the

prevention and detection of fraud and other irregularities.

Approved by the Management Committee and signed on its behalf by:

___________________________ Scott Darraugh

___________________________ Date

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF SOCIAL ADVENTURES

OpinionWe have audited the consolidated financial statements of Social adVentures for the year ended 31 March2018which comprise the Statement of Financial Activites, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements: give a true and fair view of the state of the company's affairs as at 31 March2018 and

of its income and expenditure for the year then ended; have been properly prepared in accordance with United Kingdom Generally

Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Co-operative and

Community Benefit Societies Act 2014.

Basis for opinionWe conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concernWe have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

the board members' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

the board members have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other informationThe other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The board members are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

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We have nothing to report in this regard.

Opinions on other matters In our opinion, based on the work undertaken in the course of our audit:

the information given in the Report of the Board for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Report of the Board has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exceptionIn the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Board.

We have nothing to report in respect of the following matters where the Co-operative and Community Benefit Societies Act 2014 require us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors' remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or the directors were not entitled to prepare the financial statements in accordance with

the small companies regime and take advantage of the small companies' exemption in preparing the Directors' Report and take advantage of the small companies exemption from the requirement to prepare a Strategic Report.

Responsibilities of directorsAs explained more fully in the Board members Responsibilities Statement, the Board Members are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Board members are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statementsOur objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

This report is made solely to the society’s members, as a body, in accordance with section 87 of the Co-operative and Community Benefit Societies Act 2014. Our audit work has been undertaken so that we might state to the society’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the society and the

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society’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Alison Buckley (Senior Statutory Auditor)for and on behalf of Mitchell Charlesworth LLP .........................Chartered AccountantsStatutory Auditor Centurion House

129 DeansgateManchesterM3 3WR

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STATEMENT OF FINANCIAL ACTIVITIES

FOR THE PERIOD 15TH DECEMBER 2008 TO 31ST MARCH 2010

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BALANCE SHEET

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STATEMENT OF CASH FLOWS

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NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 15TH DECEMBER 2008 TO 31ST MARCH 2010

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