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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)|||||
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##
|||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|||||||
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##
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##
##
|Plant and machinery|- 20% and 25%- straight|line||
|---|---|---|---|
|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|||
##
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##
##
||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|
##
##
|20.|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|
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|||||||||||||||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|
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|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|
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