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2025-12-31-accounts

Company registration number 03061504 (England and Wales) Charity registration number 1047124 (England and Wales)

MOUNTAIN TRAINING ENGLAND

(A PRIVATE COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms J Corris Wright Ms J E Doyle Mr K J S James Ms S J Kennedy Mr D K Parry (Appointed 5 November 2025) Mr L J Pritchard (Appointed 1 April 2025) Mr P Stacey Country of incorporation United Kingdom 03061504 (England and Wales) Charity registration England and Wales 1047124 Registered office 177-179 Burton Road West Didsbury Manchester M20 2BB Independent examiner Jean Ellis BA FCA CTA DSG Castle Chambers 43 Castle Street Liverpool L2 9TL

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) CONTENTS

Page
Trustees' report 1 - 8
Statement of trustees' responsibilities 9
Independent examiner's report 10
Statement of financial activities 11
Balance sheet 12
Notes to the financial statements 13 - 24

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees present their annual report and financial statements for the year ended 31 December 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Mountain Training England ('MTE') is a charity registered in England and Wales on 12 June 1995 and is therefore non-profit making and its trustees are volunteers. The company has been incorporated without share capital as it is limited by guarantee, to a maximum of £1 by each of its members.

Objectives and activities

The company’s principal activity during the year continued to be the advancement for the public benefit of education and training in the skills required for the conduct of safe mountain walking and supervision of rock climbing. To achieve this aim, MTE, in conjunction with other bodies and in particular with the British Mountaineering Council ('BMC') and Mountain Training UK & Ireland ('MTUKI'), develops, implements and administers mountain training schemes. Within each of the award schemes MTE is actively engaged in registering candidates, approving and training providers and moderating the delivery of both training and assessment courses.

The objectives of MTE are:

MTE currently train and accredit leaders and coaches through nine qualification schemes. These are the:

The schemes are recognised by the Department for Education and the Adventure Activity Licensing Authority and are regulated by Ofqual. Currently the Board approves around 150 providers to deliver these schemes. Since 1964 MTE has registered over 199,000 candidates on all its schemes.

MTE also administer six skills training courses throughout England:

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

In addition to administering these awards MTE also has the following roles:

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Key partners

In 1964 MTE was set up by the BMC (British Mountaineering Council) and the Central Council for Physical Recreation (CCPR - now SRA) to provide nationally recognised schemes of training and assessment for leaders of groups participating in mountain and hill walking and rock climbing. The BMC remains our key partner representing the interests of walkers, climbers and mountaineers in England and Wales and we work closely together at a strategic level. The BMC has a nominated director on the MTE Board and MTE has representation on the BMC’s National Council.

MTE also works very closely with MTUKI and the other national mountain training organisations at an operational level, forming the ‘Mountain Training’ network. These bodies promote themselves to the outside world under the single brand name ‘Mountain Training’. We develop our UK wide schemes in co-ordination with MTUKI, and many of our projects will be shared with MTUKI and other national mountain training organisations.

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Achievements and performance

Executive Officer’s report

2025 has been a stable year for MTE with regards to its performance. Registrations, our main source of income, were slightly up on the previous year with training attendance up 9%, but the number of qualifications awarded were slightly down. 34% of these were awarded to women, up 1%.

2024 2025
Reg Total 5079 5221 3%
Trained 2831 3086 9%
Pass 2253 2192 -3%

This was the last year of our 2021-2025 strategy period. We have now fully delivered on 19 of our 23 strategy goals that we set in 2021 and we have partially achieved the remaining four.

The Training pathway

The Bouldering Wall Instructor qualification launched in March after much work was completed to create the scheme handbook, guidance for providers, the recruitment and induction of providers and the launch of the scheme to the sector. In the first nine months of its operation 252 candidates registered for the scheme with MTE. We will want to review how this new qualification is bedding in after its first year in 2026.

MTE has also been involved in the review of MTUKI’s coaching qualifications and how they connect with our instructional qualifications. Coaching within climbing has evolved enormously over the last decade and this important work will continue into 2026.

We have further developed the mentoring service delivered through the Mountain Training Association (MTA) by using Sport England funding to digitise much of the application and pairing process. Subsequently the number of mentored candidates has more than doubled in early 2026 to 117 as a result of this work.

Our remote supervision course has been delivered as a regular online course for qualified leaders which is now supported by the Duke of Edinburgh Award Scheme who signpost the course to all their leaders.

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Our research into lowland walking skills courses concluded that there is a strong need for such a course but that our current delivery model is not accessible enough to realise this. We are therefore researching the most effective delivery model for all our skills courses in order to boost take up of these across the board.

Quality provision

We developed our online training package for new course directors. There are now seven modules that all new course directors need to complete before gaining approval to deliver our courses. These cover administration, course delivery, inclusion, safety, qualification pathways, practical assessment and syllabus themes. This provides a consistent reference point for their training and quality assurance.

We updated guidance on the delivery of the Rock Climbing Instructor, Mountain Leader and Rock Climbing Development Instructor qualifications. MTE works very closely with the four other Mountain Training organisations and, as issues arise, we consult to provide joint updates to our providers and candidates to maintain consistency. One of these updates was a change to the qualification requirements to deliver our Rock Skills intermediate course in response to a safety incident that occurred on a non-Mountain Training course.

Our Leadership Responsibilities e-module was developed and rolled out in 2025. This is a significant resource for the entire sector as it details fundamental knowledge about duty of care and good practice that every adventure activity leader should be aware of. We have been receiving a lot of interest from partner organisations and we will explore how this can become more widely promoted as a resource to support standards across the sector.

Our moderation programme, constant monitoring of course reports and regular dialogue with our experienced providers all continues to reassure us that our reputation for quality is being maintained.

Sustainable delivery

We have seen a 3% rise in total registrations from the previous year. However, if we factor out the new BWI registrations there has been a 2% drop in like for like registrations from 2024. Nevertheless, MTE is financially stable having generated a surplus of £20,358 in 2025, bringing our balance sheet up to a healthy £537,866. There are signs that some of our qualification registrations are softening over time however, and we will continue to monitor these carefully.

Our Sport England grant has been reduced from £45,000 to £27,500 for the financial year 2026-2027 but we have been able to carry over £8,672 of unspent funds to mitigate some of the effects of this. Our Sport England grant has supported development work in the areas of equity and inclusion, partnership work, digital mentoring, provider training, skills course development and our disability survey.

The Organisational Review of the Mountain Training network was conducted throughout 2025. Our governance and operational structure as a network is fairly complex, and all the more so when our relationships with the Mountaineering Councils and professional associations are included. Much discussion was held between the twelve organisations that are represented on the MTUKI Council, but the financial pressure on some members, with Mountain Training Cymru (MTC) in particular, has focussed minds. The governance structure of MTC is likely to change, and this will affect the whole network. It looks like 2026 may well determine the future structure and relationships of our network for following decades.

We have also been considering our impact on the environment both as a business and in how we influence our providers and candidates’ behaviour. We have established a sustainability working group which is developing policies for staff, providers and candidates. We have enlisted the support of an expert external advisor who is developing educational resources for our candidates, to be launched next year.

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Supporting diversity

Much project work has been carried out this year, supporting diverse groups to engage with MTE, culminating in the development of a new EDI strategy to be implemented over 2026 to 2030.

Projects that took place in 2025 include:

We continued to award direct grants to individuals through our Skills and Training Fund and our Disability Fund.

Promoting our mission

MTE is represented on both management groups of AdventureSmart UK and the England and Wales Mountain Safety Forum. The Forum’s role is to research mountain safety issues and to provide advice and guidance to the sector. AdventureSmart UK promotes a simple but crucial message around planning for safe outdoor participation, using targeted behaviour change methodologies. Both of these bodies are seeking to reduce the ever-increasing number of Mountain Rescue call outs to members of the public.

In support of this we have developed a range of free micro-learning e-modules that cover essential skills such as planning a walk, setting a map, taking a bearing, and tying in with a bowline or a figure of eight. Our social media feeds continuously give advice and news on topical issues relating to mountain safety, our courses, training events, resources, environmental news and regional and national events. Our partnership with Cotswold Outdoors has promoted our skills courses with one solus email being sent to 386,000 of their customers.

Finally, we have travelled the country to be present at events such as the Outdoor Expo at the NEC in Birmingham, the Ten Tors Event in Devon, the ABC conference in Sheffield, the Kendal Film Festival, The Institute of Outdoor Learning conference, the Aim 2 Change conference in London, Outdoor Education Advisors meeting in Buxton, and the National Trust in London as well as the climbing festivals mentioned earlier.

Effective partnerships increase our agency and reach enormously, and our work with our strategic partners, Council members and community groups has been invaluable. We also continue to be grateful to Sport England for the financial and strategic support they give to many of our projects.

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Work ahead

2026 will be a reset for MTE. Our new five-year strategy will be completed with its operational plans beginning to be implemented. We shall be bidding to Sport England for some funding to support this strategy. We need to review the Bouldering Wall Instructor qualification’s performance and delivery after one year of its launch. We will also review the delivery model of our skills courses, researching other models that could increase access and the take up of these courses. However, the biggest piece of work may lie in reviewing how the entire Mountain Training network could be more efficiently organised, in order to sustain our uniform quality service to all our candidates over the coming decades.

Financial review

The Statement of Financial Activities (SoFA) reports a total surplus of £20,358 for the year ended 31 December 2025 (2024: deficit of £2,343); this is made up from an unrestricted surplus of £19,358 and a restricted surplus of £1,000. The overall surplus was added to the reserves brought forward of £517,508, to give total reserves at the balance sheet date of £537,866.

We are pleased to report this overall surplus in our unrestricted activities in 2025, resulting from a small surplus in our charitable activities and supported by investment gains. Our total income rose from £449k in 2024 to £468k this year, with costs also rising from £455k to £468k and just under £20,000 in investment gains. Included within this performance is the designated EDI fund, with £5,215 of expenditure in the year and a closing reserve balance of £953. In terms of our minimal restricted fund activity we received £1,000 during the year, this balance will be applied in 2026 to the Climbing for All publication project.

The Balance Sheet at 31 December confirms net assets of £537,866 (2024: £517,508), with net current assets of £379,184 (2024: £350,865) included within which are cash balances of £380,804. The Balance Sheet also shows the carrying value of our investments, at £156,272, and the relatively small amounts of working capital reported as stocks, debtors and creditors. The Board is in the process of reviewing the charity’s investment policy, with a view to allocating a greater proportion of the organisation’s net cash into medium term investments in due course.

Overall the Financial Statements reflect a robust position at the balance sheet date, with strong cash balances and with unrestricted reserves that exceed the requirements of the Reserves Policy (see below). Having said this, the Board remain focussed on qualification registration levels and the organisation’s cost base, to ensure that the charity continues to report a strong financial position moving forwards.

Going concern

The Trustees and Management Team have continued to review the financial performance and prospects for the charity, and we remain satisfied that the assumption of Going Concern remains entirely valid.

Reserves policy

The Reserves Policy, which is reviewed and approved by the Board on an annual basis, sets out an assessment of an appropriate level of free reserves, after designations. The purpose of holding reserves is to ensure that Mountain Training England can continue to operate effectively during periods of uncertainty, able to respond to unforeseen financial pressures and to maintain the continuity of its charitable activities.

At 31 December 2025 the Trustees reviewed the Reserves Policy, with reference to the updated Risk Register and taking account of the wider financial context, concluding that the Charity should set a target for free reserves of £425,000.

At the balance sheet date the Charity held total Unrestricted Funds of £536,866, made up of a General Fund reserve of £435,913, £100,000 of designated Projects Funds (held in respect of a range of projects that will support the delivery of our 2026 to 2030 strategy), and £953 of designated EDI funds.

The trustees have agreed that free reserves may be held in a combination of cash, cash equivalents and fixed asset investments. On this basis the Charity held free reserves of £433,503 at 31 December 2025, exceeding our reserves target of £425,000. The trustees consider this level of reserve to be appropriate given the range of risks identified by the organisation and taking account of the wider economic environment.

The trustees will continue to monitor reserves throughout the financial year to ensure they remain at a level that supports the ongoing delivery of our work and that responds to the risks identified in our risk register.

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Major risks

The trustees have assessed the major risks to which the charitable company is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

MTE is a company limited by guarantee, incorporated on 25 May 1995.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Ms J Corris Wright Ms J E Doyle Mr K J S James Ms S J Kennedy Mr D K Parry (Appointed 5 November 2025) Mr L J Pritchard (Appointed 1 April 2025) Mr P Stacey

Recruitment and appointment of trustees

The trustees of the company are elected by the members of the organisation at the Annual General Meeting. Meetings of the trustees are held approximately 4 times per annum.

MTE recruits Trustees via an open and publicly advertised process informed by a skills audit. A nomination committee leads the recruitment process on behalf of the Board. The nomination committee comprises two Trustees and at least one Council member. The members of MTE’s Council vote on the recommendations of the nominations committee at the AGM. Trustees serve a maximum of six years, confirmed annually by the membership. MTE's Board comprises a Chair, Vice-Chair, Treasurer, a trustee nominated by the British Mountaineering Council, and five independent directors. An induction process is carried out for all new Trustees.

The number of the trustees shall not be less than three and be subject to a maximum of nine. The members of the Board have the power by ordinary resolution at a general meeting of the Board to appoint additional trustees, but there may not be more than nine trustees appointed at any time. The trustees shall be elected at the annual general meeting of the Board by simple vote after nominations are received and shall normally hold the post for three years before re-election. The business of the charity is managed by the trustees who have appointed a full-time officer to be responsible to the trustees for the administration of the work of the charity.

Qualifying third party indemnity provisions

All trustees are covered by the charity's professional indemnity insurance.

Induction and training of trustees

As part of their induction, new trustees are provided with information about the charity, the management structure, its history and working practices. In addition they are also provided with extracts of the Memorandum and Articles of Association plus information from the Charity Commission and Companies House regarding the duties and responsibilities of trustees. Appropriate training to trustees is provided where necessary.

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Other matters

Membership

The Members of the charity are defined in the Articles of Association as being those approved by the current Members and shall include representatives of the following bodies:

British Association of Mountain Guides Association for Physical Education British Mountaineering Council Joint Services Mountain Training Centre Association of Heads of Outdoor Education Centres Outdoor Education Advisors Panel Plas y Brenin Institute for Outdoor Learning Association of British Climbing Walls Training Trust Mountain Rescue England and Wales Duke of Edinburgh's Award Scheme Association of Mountaineering Instructors Scout Association Girlguiding British Association of International Mountain Leaders

Meetings of the membership are normally held approximately 3 times per annum, and are attended by the Trustees.

Small company provisions

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the Board of Trustees.

Mr P Stacey Trustee

15 June 2026

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees, who are also the directors of Mountain Training England for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF MOUNTAIN TRAINING ENGLAND

I report to the trustees on my examination of the financial statements of Mountain Training England (the charitable company) for the year ended 31 December 2025.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charitable company’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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 that in any material respect:

I have no 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 financial statements to be reached.

Jean Ellis BA FCA CTA

DSG Castle Chambers 43 Castle Street Liverpool L2 9TL

Dated: 15 June 2026

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted Restricted Total Unrestricted
funds funds funds
2025 2025 2025 2024
Notes £ £ £ £
Income from:
Donations and legacies 3 36,328 1,000 37,328 45,000
Charitable activities 4 423,974 - 423,974 395,258
Investments 5 7,638 - 7,638 9,270
Total income 467,940 1,000 468,940 449,528
Expenditure on:
Raising funds 6 130,728 - 130,728 125,808
Charitable activities 7 337,596 - 337,596 329,397
Total expenditure 468,324 - 468,324 455,205
Net gains on investments 12 19,742 - 19,742 3,334
Net income/(expenditure) and movement in
funds 19,358 1,000 20,358 (2,343)
Reconciliation of funds:
Fund balances at 1 January 2025 517,508 - 517,508 519,851
Fund balances at 31 December 2025 536,866 1,000 537,866 517,508

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) BALANCE SHEET

AS AT 31 DECEMBER 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 14 2,410 478
Investments 15 156,272 166,165
158,682 166,643
Current assets
Stocks 17 1,456 735
Debtors 18 28,099 44,576
Cash at bank and in hand 380,804 319,152
410,359 364,463
Creditors: amounts falling due within 19
one year (31,175) (13,598)
Net current assets 379,184 350,865
Net assets 537,866 517,508
The funds of the charitable company
Restricted income funds 21 1,000 -
Unrestricted funds 22 536,866 517,508
537,866 517,508

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 15 June 2026

Mr D K Parry

Trustee

Company registration number 03061504 (England and Wales)

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

Charity information

Mountain Training England is a private company limited by guarantee incorporated in England and Wales. The registered office is 177-179 Burton Road, West Didsbury, Manchester, M20 2BB.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charitable company is a Public Benefit Entity as defined by FRS 102.

The charitable company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

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

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

1.4 Income

Registration fees

Registration fees are recognised as revenue when no significant uncertainty exists about its collectability which is usually on payment.

Grant income

Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant

Sale of goods

Turnover from the sale of items such as DVDs is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefit associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on payment.

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

Interest and dividends received

Interest and dividend income is recognised as the company's right to receive payment is established.

Income includes grants in respect of revenue and capital items.

1.5 Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 20% on cost Plant and equipment 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.11 Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts - 1,000 1,000 - - -
Grants 36,328 - 36,328 45,000 - 45,000
36,328 1,000 37,328 45,000 - 45,000

Grant income includes funding receivable from Sport England under a funding agreement with an annual funding amount of £45,000 (2024: £45,000). Income has been recognised only to the extent that the related project activity had been delivered in the year, with £8,672 deferred at the year end in respect of activity to be delivered after 31 December 2025, in accordance with the Charities SORP.

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Registration fees 419,773 390,867
Publications and DVD income 4,201 4,391
423,974 395,258

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

5 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Other income 2,736 3,333
Interest receivable 4,902 5,937
7,638 9,270

6 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Staff costs 127,338 120,987
Trading costs
Support costs 3,390 4,821
Total costs 130,728 125,808

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

7 Expenditure on charitable activities

Charitable Charitable
Charitable
Charitable
activities activities
2025 2024
£ £
Direct costs
Staff costs 81,444 74,257
Depreciation and impairment 520 612
Printing, post and stationery 9,605 12,507
Marketing and publicity 728 1,633
Office accommodation 28,525 23,610
Conferences and workshops 52,992 72,693
MTUK&I charge 123,108 108,094
Staff training and travel 5,532 5,335
Bank charges 14,165 12,703
Communications technology 5,880 4,718
Other expenses 8,590 6,626
331,089 322,788
Share of support and governance costs (see note 8)
Governance 6,507 6,609
337,596 329,397
Analysis by fund
Unrestricted funds 337,596 329,397
8 Support costs allocated to activities
2025 2024
£ £
Committee expenses 3,390 4,821
Governance costs 6,507 6,609
9,897 11,430
Analysed between:
Fundraising 3,390 4,821
Charitable activities 6,507 6,609
9,897 11,430

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

8 Support costs allocated to activities (Continued)
2025 2024
Governance costs comprise: £ £
Accountancy 3,346 2,611
Legal and professional 3,161 3,998
6,507 6,609

Governance costs includes payments to the independent examiner of £3,346 (2024- £2,611) for independent examination fees.

9

Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 3,346 2,611
Depreciation of owned tangible fixed assets 520 612

10 Trustees

During the year 6 (2024: 6) trustees were reimbursed expenses totalling £2,139 (2024: £2,660) for the year relating to travel to and from trustee meetings.

11 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
2025 2024
Number Number
Management/Administration 7 7
Employment costs 2025 2024
£ £
Wages and salaries 192,611 183,728
Social security costs 11,995 13,703
Other pension costs 11,259 10,175
215,865 207,606

There were no employees whose annual remuneration was more than £60,000.

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

11 Employees (Continued)
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
2025 2024
£ £
Aggregate compensation 197,238 189,426

The key management personnel of the charity comprise the trustees (who receive no remuneration benefits), the Executive Officer, Development Officer, Governance and Equity Officer.

12 Gains and losses on investments

Unrestricted Unrestricted
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluation of investments 19,608 3,334
Sale of investments 134 -
19,742 3,334

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14 Tangible fixed assets

Tangible fixed assets
Leasehold
Plant and		 Total
improvements equipment
£ £ £
Cost
At 1 January 2025 15,564 2,145 17,709
Additions - 2,452 2,452
At 31 December 2025 15,564 4,597 20,161
Depreciation and impairment
At 1 January 2025 15,564 1,667 17,231
Depreciation charged in the year - 520 520
At 31 December 2025 15,564 2,187 17,751
Carrying amount
At 31 December 2025 - 2,410 2,410
At 31 December 2024 - 478 478

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

15 Fixed asset investments
Listed
investments
£
Cost or valuation
At 1 January 2025 166,165
Valuation changes 19,608
Disposals (29,501)
At 31 December 2025 156,272
Carrying amount
At 31 December 2025 156,272
At 31 December 2024 166,165
16 Financial instruments
2025 2024
£ £
Carrying amount of financial assets
Instruments measured at fair value through profit or loss 156,272 166,165
17 Stocks
2025 2024
£ £
Finished goods and goods for resale 1,456 735
18 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 16,260 22,495
Other debtors 9,200 15,436
Prepayments and accrued income 2,639 6,645
28,099 44,576

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

19 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2025 2024
£ £
Other taxation and social security 3,942 4,125
Trade creditors 3,033 1,808
Other creditors - 1,745
Accruals and deferred income 24,200 5,920
31,175 13,598

Deferred income of £20,364 (2024: £825) includes receipts which relate to future accounting periods

20 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 11,259 10,175

The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

21 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 January Incoming At 31
2025 resources December
2025
£ £ £
BMC donation - 1,000 1,000

The BMC donation of £1,000 is for the Climbing for All publication project. This is a guidance document for climbing instructors who wish to work with participants who have physical or mental disabilities. This is being project managed by MTE for a range of sector partners.

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

22 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January 1 January
Incoming
Incoming
Resources
Resources
Transfers
Transfers		 Gains and
At 31
2025 resources expended losses December
2025
£ £ £ £ £ £
EDI Fund 6,168 - (5,215) - - 953
Projects Fund - - - 100,000 - 100,000
General funds 511,340 467,940 (463,109)
(100,000)
19,742		 435,913
517,508 467,940 (468,324) - 19,742 536,866
Previous year: At 1 January
Incoming
Resources
Transfers		 Gains and
At 31
2024 resources expended losses December
2024
£ £ £ £ £ £
EDI Fund - 15,000 (8,832) - - 6,168
General funds 519,851 434,528 (446,373) - 3,334 511,340
519,851 449,528 (455,205) - 3,334 517,508

EDI fund – the EDI fund provides support for under-represented groups into wider participation and leadership in the outdoors, providing financial support to both individuals and projects.

At 31 December 2025, the trustees have designated £100k to a Projects Fund that will support the delivery of a range of projects in line with the 2026 to 2030 strategy

23 Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 31 December 2025:
Tangible assets 2,410 - 2,410
Investments 156,272 - 156,272
Current assets/(liabilities) 378,184 1,000 379,184
536,866 1,000 537,866

MOUNTAIN TRAINING ENGLAND (A PRIVATE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

23 Analysis of net assets between funds

Analysis of net assets between funds (Continued)
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 December 2024:
Tangible assets 478 - 478
Investments 166,165 - 166,165
Current assets/(liabilities) 350,865 - 350,865
517,508 - 517,508

24 Related party transactions

Other than trustee expenses disclosed in note 10 and key management salaries disclosed in note 11, there were no other related party transactions in the year (2024 - none).

25 Constitution

The company is limited by guarantee and does not have share capital. In the event of the company being wound up the members are committed to a contribution of £1 each.