2023-03-31-accounts - Mountain Training Trust

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					Page
Reference and administrative			details	ofthe Charity, its Trustees and advisers
Trustees' report					2-11
Independent	auditors'	report	on the	financial statements	12 - 15
Consolidated	statement	offinancial		activities	16
Consolidated	balance sheet				17 - 18
Charity balance sheet					19-20
Consolidated	statement	ofcash flows			21
Notes to the	financial statements				22-44

REFERENCE AND	REFERENCE AND	REFERENCE AND	ADMINISTRATIVE DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS	ADMINISTRATIVE DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS	ADMINISTRATIVE DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS	ADMINISTRATIVE DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS	ADMINISTRATIVE DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS
			FOR THE YEAR ENDED 31 MARCH		2023
Trustees			Soraya Abdel-Hadi (appointed 23 September 2022)
			Paul Allen (resigned 23 September 2022)
			Peter Ashman (resigned 20 March 2023)
			Rona Chester (resigned 18June 2022)
			Ben Coates (appointed 17June 2022)
			Lisa Dickinson (appointed 17June 2022)
			Anthony Halliwell (resigned 29 September	2023)
			Sara Mogel OBE (resigned 18June 2022)
			Lisa O'Keefe (resigned 10December 2022)
			Michael Rosser
			Peter Rowley OBE (resigned 26 March 2023)
			Stephen Saddler
			Matthew Tennant (appointed 17June 2022)
			Sarah Walker (resigned 18June 2022)
Company	registered
number			03250981
Charity registered
number			1064023
Registered		office	Plas Y Brenin
			National Outdoor Centre
			Capel Curig
			Betws YCoed
			Conwy
			LL24 OET
Company	secretary		Ruth Hall (resigned 30June 2023)
Independent		auditors	WR Partners
			Chartered Accountants
			Belmont House
			Shrewsbury Business Park
			Shrewsbury
			Shropshire
			SY2 6LG
Senior Management			R Hall - Chief Executive Officer (resigned	31/03/2023)
Team			P Kennedy - Chief Executive Officer (appointed			19/04/2023)
			H Barnard - Chief Instructor (resigned 16/06/2023)
			P Kennedy - HR Director (appointed 20/07/2022,			resigned	31/12/2022)
			P Atherton - HR Director (appointed 01/08/2023)
			M Jones - Operations Director (resigned 01/10/2022)
			P Catterall - Head of Instruction (appointed		31/10/2022)
			R Roberts - Hospitality Manager (appointed		03/10/2022)
			SCarter - Marketing Director (appointed 01/06/2023)
			C Thornton - Facilities Director (appointed	01/08/2023)
			SStyles - Head of Finance (appointed 14/08/2023)

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2023	2023	2023	2022
	Note	E	E	E
Income from:
Donations and legacies		799,505	50	799,555	856,846
Charitable activities		1,432,456		1,432,456	1,539,970
Other trading activities		501,861		501,861	275,454
Investments		14,131		14,131	2'l,963
Other income		711,330		711,330	845,370
Total income		3,459,283	50	3,459,333	3,539,603
Expenditure on:
Raising funds	9	1,708,092		1,708,092	1,474,213
Charitable activities	10	2,282,663	4,000	2,286,663	1,886,293
Total expenditure		3,990,755	4,000	3,994,755	3,360,506
Net (expenditure)/income		(531,472)	(3,950)	(535,422)	179,097
Transfers between funds	20	13,536	(13,536)
Net movement in funds		(517,936)	(17,486)	(535,422)	179,097
Reconciliation offunds:
Total funds brought forward		753,479	118,485	871,964	692,867
Net movement in funds		(517,936)	(17,486)	(535,422)	179,097
Total funds carried forward		235,543	100,999	336,542	871,964

					2023		2022
			Note
Fixed assets
Tangible assets			15		144,539		105,817
					144,539		105,817
Current assets
Stocks			17	11,468		2,325
Debtors			18	504,542		601,383
Cash at bank and	in	hand		898,382		1,089,783
				1,414,392		1,693,491
Creditors: amounts		falling due within one
year			19	(1,222,389)		(927,344)
Net current assets					192,003		766,147
Total net assets					336,542		871,964

			2023	2022
		Note
Charity funds
Restricted	funds	20	100,999	118,485
Unrestricted	funds	20	235,543	753,479
Total funds			336,542	871,964

			CHARITY BALANCE SHEET	CHARITY BALANCE SHEET
			AS AT 31	MARCH 2023
					2023		2022
			Note		F		E
Fixed assets
Tangible assets			15		93,645		53,797
Investments			16		1		1
					93,646		53,798
Current assets
Stocks			17	2,256
Debtors			18	274,467		469,774
Cash at bank and	in	hand		889,220		1,027,194
				1,165,943		1,496,968
Creditors: amounts		falling due within one
year			19	(923,047)		(678,802)
Net current assets					242,896		818,166
Total net assets/net		liabilities			336,542		871,964

	Note	2023f	2022
Charity funds
Restricted funds	20	100,999	118,485
Unrestricted funds	20	235,543	753,479
Total funds		336,542	871,964

					2023	2022
				Note
Cash flows from operating		activities
Net cash used in operating	activities			22	(128,900)	(207,273)
Cash flows from investing		activities
Dividends, interests and rents from investments					14,131	21,963
Purchase of tangible fixed assets					(76,632)	(4,641)
Net cash (used in)/provided		by investing	activities		(62,501)	17,322
Change in cash and cash		equivalents in	the year		(191,401)	(189,951)
Cash and cash equivalents		at the beginning	ofthe year		1,089,783	1,279,734
Cash and cash equivalents		at the end of	the year	23	898,382	1,089,783
The notes on pages 22 to 44 form part ofthese financial statements

Plant and machinery	- 20% and 25%- straight
Motor vehicles	- 20%- reducing balance
Fixtures and fittings - Room	- 12.5%- straight line
furniture
Office equipment	- 25%, 33and 50%- straight	line
Electric bikes	- 33%straight line
Property improvements	- 10%straight line

	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2023	2023	2023	2022
			E	E
Donations	140	50	190	76,000
Grants	799,365		799,365	780,846
Total 2023	799,505	50	799,555	856,846
Total 2022	780,846	76,000	856,846

				Unrestricted	Total	Total
				funds	funds	funds
				2023	2023	2022
						E
Provision	ofeducation	and training	in general outdoor
recreation				1,432,456	1,432,456	1,539,970
Total 2023				1,432,456	1,432,456	1,539,970
Total 2022				1,539,970	1,539,970

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
				E
Sales		293,136	293,136	159,801
Trading	income	208,725	208,725	115,653
Total 2023		501,861	501,861	275,454
Total 2022		275,454	275,454

		Unrestricted	Total	Total-
		funds	funds	funds
		2023	2023	2022
			E	E
Investment	income	14,131	14,131	21,963
Total 2023		14,131	14,131	21,963
Total 2022		21,963	21,963

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2023	2023	2023	2022
Other	income	711,330		711,330	845,370
Total	2023	711,330		711,330	845,370
Total	2022	834,898	10,472	845,370

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
		E	E
Purchases		198,973	198,973	52,517
Depreciation		10,095	10,095	10,153
Cost ofsales		14,842	14,842	44,518
Administration	expenses	838,952	838,952	852,80/
Cost ofsales	staff costs	270,387	270,387	326,497
Administration	staff costs	374,843	374,843	187,727
Total 2023		1,708,092	1,708,092	1,474,213
Total 2022		1,474,213	1,474,213

				Unrestricted	Restricted
				funds	funds	Total	Total
				2023	2023	2023	2022
							E
Provision	ofeducation	and training	in general
outdoor	recreation			2,282,663	4,000	2,286,663	1,886,293
Total 2023				2,282,663	4,000	2,286,663	1,886,293
Total 2022				1,884,268	2,025	1,886,293

				Activities
				undertaken	Support	Total	Total
				directly	costs	funds	funds
				2023	2023	2023	2022
					K	F	E
Provision	of education	and training	in general
outdoor	recreation			1,257,299	1,029,364	2,286,663	1,886,293
Total 2023				1,257,299	1,029,364	2,286,663	1,886,293
Total 2022				1,063,236	823,057	1,886,293

		Provision of	Total	Total
		education	funds	funds
		2023	2023	2022
Staff costs		842,201	842,201	716,804
Sub-contractor	fees	177,517	177,517	144,782
Catering purchases		201,350	201,350	153,579
Course expenditure		21,996	21,996	4,998
Access agreements		8,087	8,087	9,608
Staff training		6,148	6,148	33,465
Total 2023'		1,257,299	1,257,299	1,063,236
Total 2022		1,063,236	1,063,236

			Provision of	Total	Total
			education	funds	funds
			2023	2023	2022
				E
Staff costs			350,063	350,063	250,658
Depreciation			27,817	27,817	16,327
Outsourced	staff	costs	5,325	5,325	30,323
Student insurance			50,377	50,377	37,214
Consultancy	fees		1,928	1,928	7,088
Staff training			1,946	1,946	1,330
Bad debts			11,667	11,667
Staff Uniforms					70
Rates and water			128,862	128,862	87,421
Light and heat			153,716	153,716	119,190
Telephone			3,197	3,197	3,290
Postage and	stationery		232	232	851
Advertising	and marketing		40,409	40,409	44,996
Sundries			6,283	6,283	14,963
Rent			14,700	14,700	13,887
Repairs and	Maintenance		47,433	47,433	9,451
Subscriptions			1,712	1,712	4,927
Non-reclaimable		input VAT	39,193	39,193	39,269
Motor			4,928	4,928	56,288
Cleaning					219
Bank Charges			13,405	13,405	20,505
Travel and accommodation			109,181	109,181	56,325
Governance	costs		16,990	16,990	8,465
Total 2023			1,029,364	1,029,364	823,057
Total 2022			823,057	823,057

						2023	2022
						f.
	Fees payable	to the Group's	auditor	for the audit ofthe Charity's	annual
	accounts					15,000	12,250
	Fees payable	to the Group's	auditor	in respect of:
	All non-audit	services not included		above		2,500	3,500
13.	Staff costs

Staff costs
	Group	Group	Charity	Charity
	2023	2022	2023	2022
	E	E
Wages and salaries	1,685,614	1,349,234	1,092,817	920,188
Social security costs	123,507	109,342	80,869	35,791
Other pension costs	28,373	23,110	18,578	11,483
	1,837,494	1,481,686	1,192,264	967,462

Group	Group
2023	2022
No.	No.
75	70

	Property	Plant and	Motor	Fixtures	Office
	improvements E	machinery	vehicles	and fittings	equipment f	Total
Cost or valuation
At 1 April 2022	41,434	115,186	182,101	30,880	83,066	452,667:
Additions		76,632				76,632
At 31 March 2023	41,434	191,818	182,101	30,880	83,066	529,299.A,
Depreciation
At 1 April 2022	4,143	112,809	129,216	17,616	83,066	346,850
Charge for the year	4,143	20,058	10,577	3,132		37,910
At 31 March 2023	8,286	132,867	139,793	20,748	83,066	384,760
Net book value
At 31 March 2023	33,148	58,951	42,308	10,132		144,539
At 31March 2022	37,291	2,377	52,885	13,264		105,817

	Plant and	Motor	Fixtures and	Office
	machinery	vehicles	fittings	equipment	Total
	E			E
Cost or valuation
At 1 April 2022	35,885	182,101	6,506	83,066	307,558
Additions	67,665				67,665
At 31 March 2023	103,550	182,101	6,506	83,066	375,223
Depreciation
At 1 April 2022	35,482	129,216	5,997	83,066	253,761
Charge for the year	17,154	10,577	86		27,817
At 31 March 2023	52,636	139,793	6,083	83,066	281,578
Net book value
At 31 March 2023	50,914	42,308	423		93,645
At 31March 2022	403	52,885	509		53,797

	Name				Company	Company	Registered office or principal	Registered office or principal	Registered office or principal	Class of	Holding
					number		place	of business		shares
	Mountain	Training		Limited	03284963		Plas y Brenin, Capel Curig, LL24 Ordinary				100%
							OET
	The financial		results ofthe subsidiary			for the year were:
	Name						Income Expenditure			Profit/	Net assets
									E	(Loss) for		E
										the year
	Mountain	Training		Limited			2,012,835		1,708,092	304,743
17.	Stocks
								Group	Group	Charity	Charity
								2023	2022	2023	2022
												E
	Finished	goods and goods for resale						11,468	2,325	2,256
18.	Debtors
								Group	Group	Charity	Charity
								2023	2022	2023	2022
									E	E		E
	Due within one year
	Trade debtors							325,686	248,967	152,513	210,	108
	Amounts	owed by group undertakings								12,751	93,486
	Other debtors							63,247	13,283		2,	759
	Prepayments		and accrued income					115,609	339,133	109,203	163,421
								504,542	601,383	274,467	469,	774


Creditor	s: Amounts			falling due	within one year
						Group	Group	Charity	Charity
						2023	2022	2023	2022
									E
Trade creditors						208,862	71,984	100,707	22,271
Other taxation and		social security				205,188	38,163	173,613	11,250
Other creditors						18,048	102,209	6,594	32,257
Accruals	and deferred			income		790,291	714,988	642,133	613,024
						1,222,389	927,344	923,047	678,802
						Group	Group	Charity	Charity
						2023	2022	2023	2022
								E
Deferred	income at		1	April 2022		642,296	740,681	600,759	727,199
Resources deferred			during the year			658,675	642,296	618,598	600,759
Amounts	released	from previous			periods	(642,296)	(740,681)	(600,759)	(727,199)
						658,675	642,296	618,598	600,759

Statement offund	s	- current	year
							Balance at
			Balance at 1			Transfers	31 March
			April 2022f	Income K	Expenditure	in/out	2023
Unrestricted funds
Designated funds
Boat auction proceeds			8,702				8,702
General funds
General Funds - all		funds	744,777	3,459,283	(3,990,755)	13,536	226,841
Total Unrestricted		funds	753,479	3,459,283	(3,990,755)	13,536	235,543
Restricted funds
James Brownhill			18,477	50	(4,000)		14,527
SE Repairs &Maintenance
Fund			13,536			(13,536)
Bass Legacy			75,000				75,000
Wrexham County	Borough
Fund			1,000				1,000
Boat sale			10,472				10,472
			118,485	50	(4,000)	(13,536)	100,999
Total offunds			871,964	3,459,333	(3,994,755)		336,542

Statement offunds	(continued)	(continued)
Statement offunds	- prior year
							Balance at
			Balance at			Transfers	31March
			1April 2021	Income	Expenditure	inlout	2022
							E
Unrestricted funds
Designated funds
Boat auction proceeds				8,702			8,702
General funds
General Funds - all	funds		631,071	3,444,429	(3,358,481)	27,758	744,777
Total Unrestricted	funds		631,071	3,453,131	(3,358,481)	27,758	753,479
Restricted funds
Thomas Howell Bursary			1,836			(1,836)
Ben Brabner Fund			120			(120)
Jonathon Conville Fund			25		(25)
Other			5,989			(5,989)
James Brownhill			20,477		(2,000)		18,477
Sport England Trainers		Fund	7,445			(7,445)
Millennium Stadium			1,268			(1,268)
Pearson Holiday Fund			3,750			(3,750)
Grocers Charity			1,800			(1,800)
CHK Charities			5,550			(5,550)
SE Repairs 8 Maintenance
Fund			13,536				13,536
Bass Legacy				75,000			75,000
Wrexham County Borough
Fund				1,000			1,000
Boat sale				10,472			10,472
			61,796	86,472	(2,025)	(27,758)	118,485
Total offunds			692,867	3,539,603	(3,360,506)		871,964

Analysis of net assets between funds -current year
	Unrestricted	Restricted	Total
	funds	funds	funds
	2023	2023 F	2023f
Tangible fixed assets	144,539		144,539
Current assets	1,313,393	100,999	1,414,392
Creditors due within one year	(1,222,389)		(1,222,389)
Total	235,543	100,999	336,542
Analysis of net assets between funds - prior year
	Unrestricted	Restricted	Total
	funds	funds	funds
	2022	2022	2022
	E	E
Tangible fixed assets	105,817		105,817
Current assets	1,575,006	118,485	1,693,491
Creditors due within one year	(927,344)		(927,344)
Tl	753,479	118,485	871,964

														Group	Group
														2023	2022
	Net income/expenditure						for	the	year	(as per	Statement	of Financial
	Activities)													(535,422)	179,097
	Adjustments		for:
	Depreciation		charges											37,910	26,483
	Dividends,	interests			and		rents	from	investments					(14,131)	(21,963)
	Decrease/(increase)				in	stocks								(9,143)	24,463
	Decrease	in	debtors											96,841	62,192
	Increase/(decrease)				in	creditors								295,045	(477,545)
	Net cash	used in		operating				activities						(128,900)	(207,273)
23.	Analysis	of	cash	and		cash equivalents
														Group	Group
														2023	2022
														E	E
	Cash in hand													898,382	1,089,783
	Total cash and cash					equivalents								898,382	1,089,783
24.	Analysis	of	changes			in	net	debt
												At	1 April		At 31 March
													2022	Cash flows	2023
															E
	Cash at bank		and	in	hand							1,089,783		(191,401)	898,382
												1,089,783		(191,401)	898,382

payments	und	er non-cancellable operating leases as follows:
			Group	Group
			2023	2022
Not later than		1 year	18,719	18,719
Later than	1 year and not later than 5years		58,816	70,409
Later than	5years		35,630	42,756
			113,165	131,884