R•gist•Y•d number: 0338%30 Charlty numb•r. 1074671 LEICESTER OUTDOOR PURSUITS CENTRE IA Company Limit•d by Guarant••) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
LEESTER OUTD PURsurrs CEpmiE {A c(xnY Lknlt•d by Guarnnts•) coKrENTS Trn•t•H' R•port TN•t•••' RHpon•lbllU•• Stat•m•nt Ind•p•nthnt ExAmln•rf• R•port 9-10 St#t•m•rt of Fon¢1•1 lMU•l 11 B•l•nc• Sh••t 12-13 ststThnt of Cuh Flo 14 Notm to th• Fln*nGI4 S1•t•m 15-36
LEICESTER OUTDWR PURsufTS CEiifRE IA Lknlted by lknrnntse) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AIJiCH 2023 The Trustees w•s•nt th"T Report towher ilh the finwigl slat¢men18 of thè Chwbtable Company for thè year •nde(1 31 March 2023. The Annual ReFrfXt serve$ the ypose of th)th a Trn$leg5 Report and a Trustses RepNt under Chilthe Cornpany law. The Trustees confThi thal the Annual Report an¢J the finanGig1 statements of the CharitaNe Compary compty ilh the cttent statut{ r8quir•ments. the r8qUiT8m8nts of th& aritable companles govemiThJ d¢XMl 8r#J the Fowision¥ of the Slatèment of Recommonw Prxtlr ISORP) aF¢4i¢aUe to tharities preparing their aCCnts n acclyd ilh Ihe FIn4nd Reportlng Standard applkable in the UK and Republk ol Ireland (FRS 102). SirrA the Charitable Conpany ¢walths as small und•r secon 382 of tho Comp¥ies Act 2C4J6. th• Stralgg R•pwt r8qulrod of medrtwn and larg9 ¢ompanles undèr the Companies Act 2C(6 (strateg Report & Tru$le•s Rewtl Rfjgul•li$ 2013 h88 b•gn omthd. ObJ•Gtlv•• •nd •thltl•• . Pon¢l•• and obhGO In Selung objectives and pknning fty acli¥ities. the Tru$le•$ have gpth due CLsleT3110n lo gèneral guidan publlsl)8d by tho Chwly Ceknml$sK)n rdabng to pubk hrtht, Indudirq th• gL#dance 'Public berbgfit.. runnlng charty IPB2)'. Th& object and pnrKlpal of th• Charrtabkn Company Is tha of •dvenknre. ¢0110n and ltshure actbv5tl8s lo the re6kJents of Ld¢ostershlre and suThounding we88. Our approath io ftlfilh'ng this oW8cl romaSns urthangfjd from Ihe pr•vhxts yFar. fvl rangg ol facthtieB offoreil cgn be 8een on our web5tte.' b. Publlc b•n•fft •t4t•m•nt In pl#nning ow xbwil•s lor tho year kept tn mlThl th• Charty CcAnmlsth gUIdce on publk b•n•fft at our Tru81eei meelhgs. L•ster thrtd(¥JT Pur3urts C•ntre'LOPC' has o ml88kn to prowde ad¥antwous perlènCes de$lgn•d to 811mul8le. •thK•t• & molfv¥te Jwng P8opkn a othern at #ffordatlg syth. In a 8•fe thalonging OnronM9n1. LOPC 18 deng Ih• WttSeg. a¢lMlies and program$ lo m¢el tho l¢Kal n8ed as 1dentrfd through Ictal $tf8te9i•$ and foedback. Thls enable8 LOPC to offfjr oppOltieS for local people lo engage in excithg and adventurous 8ctivibe$, th•wby creatin9 a sustsrn•bl• loc41 Communty faclty for al people of all 8998. A¢hh¥Mn•nts and •. Maln aehlovwnents of th• Con PuttirwJ th• ehalew of tho past few from ts cOn5 pandeffl us, th& C•ntro ha8 had 4 sye$s11 year yo8g back on deb.very of Core actp4ib&s for MtIPlE user groups, Indrwdu•l$ & families. Th8 Cenlre ha6 conlinued to develop educalicffial contgnt kr se88knns and engage Mth stho018' and oth8r education e81ablishments. Thè intri¥lu¢tion of School reskjwtial lrys in a tented wla99 8S Seen wups. or$6ita for muhiple day8 at a time. r4theT than exdusTh* runr¥ng sirwje dtyNisfts as has amtomary to do. Page 1
LEICESTER OIITDOOR PURsurtS CEPmiE lACTrY Umlt•d by Gu•r•nt••) TRUSTEES. REPORT IcoprriNUEDI FOR THE YEAR ENDED 31 PAARCH 2023 AGhi•v•mwth and p•rfornwnc• Icontinw •. Maln a¢hl•v•m•nts ofth• CfAnpAny l¢onllnwdl R•turning to cor• of 0$ a means of glTrg rL¢Yne for fv Clntre. wfillst som& fLmdlng was still sour¢•d in the year from gwts. ades and dortat$, wwm¢ frcm Ihis swrc& Unta4 for less than S% of Centro rKome. After beirvj relonl cffi grnrtt lunding ènd don8tw)ns to support tha Centre during 8n(I post wdembc. tho C•rtro once agatn in a po8itkn of being BeffaenI kn lorns of 8upp)rting rt3 CO8t8. The management continue lo 5k firwwl wport frorn grnnl furthrs. •nd irbvestmenl lo help $•cu future succss olthe busfvss. The Centrè invested a consKlerable amount to the site f4KI the fa¢Aities durlng t1 to rnfresh ènd impTO th8 offer for custom•fS. The errtran¢• $igrwg8 10 tho site was p•j down & wood8n •ntrance that is far moro Ik¥epI with th& ru$li¢ nature ol the site has been •rectad. The C¢ntr has r&pla¢ed the dpxowng wooden edge to the Canoe 18unth wllh a more dwabbe solld edge and h8G aho had a dfvklitvj fonco on tr ¥rch•ry rge to enlAe the Cwrtre lo operate tho thery rangè as Iwts stra rnng•s. Over 30 tents w•r• purcha to ueate a twrtod 80 that the Cantre (an prod8 a resld8ntkg1 offer for h0o15. Updallng fixturas on $bte, during Ihe pasl y¥ar th8 Cwtrfj has pur¢has•J a oven for the kttchon. An Arnerican style frhS99 1 froezor and remaini19 old bJnine8nt bulbs swwtrj to LED 4ghUng In lh• Contro. To irnpr actmty promsion the Jaccts ladder was remowd aThJ a new v8rtical ¢ourst, which ha6 been named Glgdiator ChAleO, was purcha88d and installed on the high ropes CATIO. The Centrn wrchased over 70 buoyanw lo rth•sh the paddl&sport •wixn•nl ar 4 rth air riflas to updat• axisling offw. The Centre ha8 al80 ¢f•at•d a r•lalk)n8hlp wlih a W plzza Ve0r to offer fr•$h wood-fired praa'8 a• calerlng offer fc18ryr gI(p8 ¥i¥ll1 the Cèntre. We ¢onluiue to wort with NGB'S to al0 ¢owses pmd rmure tw are relevant •r#J current forthe aector. Incom• from lh• Chitable A¢albib wo¥id•d for the 2022.23 inm•s•d ¢wlt• 8Sgnrflc•ndy •$ the Cèntr6 b)urK•s bèd( from thè reducéd incomo thjrkng thé pandomlc. Grnnt iieomè In 2021-22 has be•n replacod vAth IrKom• from acbvibgs a positiva trend in demand. Total LOPC income in the yffJor IreaS•d from £646k I21-22} to £871k {2022-231. durirvj whkh tim• arnot ralatod to Donauons & le94¢ies feu froFn £112k (2021-22110 £18k {2022-231, ebryderthJ 8 demarKI for Oul&)or Acts¥.$. Expendilwe increased fu the year uirvJ to greater slaft costs 0)mred lo 2U21-22. National Living Wage ¢081 contirwje to incrnase year on wr and the Centre has to ensure that the )sts can b8 cover8d ty thè Incomtr ggn8r8ted. It hos bac• to abs(Mb ary furthgr in(xgase from rIS in sIS imposed in th8 C•ntre, without P•88ing onto our custtyners, 08 ¥ll of the eosts th81 ¢tyJld h8v• been redUd w•r• th) 80 thè pandemi The LOPC hava con1nd to Ihe de4Ehynent 8ThJ trainlrq of new 0d00T InstructOf8 via the Institute of OLrtdoor Learrdng IIOL)'Othdw InsInl01 entshIp Scheme.. In January of 2022 the LOPC recriiled the large81 cohort , wlth four new apF8 fvlnlng the team to compl•te tralnlng ro0 for th8 2022-23 sea$on. Th• development of Ung peo Teffln$ #n inFK)rtanl aspocl of tho LOPC off•rs lo the cc#nmw and the apprenticeship scheme is a greal way lo demonstrate Ihis. The C8nlrn has also contlnu8d monthty ri4w Utier ws as part of ow efftjrts to SLVPOrt thg •n¥lronmgnl. During 2022. the LOPC h¥d ¢.150 Nte*rS hp cdkxt 229 bags of litter from th• River ScAr. The LOPC ha been recorthng Ihe lrtlef piths ftr 10 )wr8 rthi and in this tmne have, help of vc4Lmtew8, collected over 3,SC4J bags of fitter out of the Rr¥eT. Pag• 2
LEICESTER 0{rrDR PURSUITS CEMTRE TRUSTEEY REPORT (CONnNUEDI FOR THE YEAR EMDED 31 MARCH 2023 Aehl•v•m•nts •nd wrfomMnc• l¢onllTru•d) Fln•nc5al Y•¥l•w aoing con¢•rn Aftw makYwJ opprowlatè Ihe Twth08 have a reas£•ble èXFeCtalion th8t the Char4taL4e Company has adequ¥le resources to W)11n in opwational exisl•nc for the foreseeabl¢ luture. For Ihls reason, th•y continue to adopt Iho going concern basis in prepariThJ the financial stat•m•nts. Further detads regarding the plkln of th• going concem basis can IfAThJ in the aGc4untlrYJ poles. Thi5 ClSratIon has tsken Acc(yJnl the exF¢Cted future wnpa¢t of National economy on the Chwlty as far 98 It Can bts d8tgrmlned and the Trusl¢os remain sallsfied that the going concAm prmcw rem•ins aPpPr1•. b. R••er¥M pollcy Stelomenl of Financial Ath1t sh¢Ms a net of £96.227 for the 2022-23 (2021-22.. net sur(¢6 of £148,8561 gnd rg8eTrès of £630.713 for 2022-23 {2021-22'. £534.488). Last year outward Icrf)king f¢¥ecJsl w85 for a dedne Sn rosem8. thowh the Centre athialty mangggd to mak6 a he•fthy 6urplus. The current UK econom¢ p)sthon has $88n a risè #i energy costs and an Ir88$• In infi•lTon post pandèm with Ihe ongolng war in UkrnTh haNing furthar Impact. Cash res¢rv•s trom 2022-2023 are more thon was anJc4pated, whi¢h will pro¥TrJ8 tho Charity gr•ater $tabilty in for the fvILrr•. ¥thith th8 Tru61898 win need lo enGure are approprt8lety managed. 11 is a1p¥tOd th8t future investh)•nt may need lo be drawn upon lo Support future exfidrtUre al the Centre bui at this b'me thal 4$ uncertaln. Th• Trustee8 U'Ml01Y wlsh lo malnl&n unreslriclgd rvseThei of M montr exp•ndiluTe and be ¢autKu$ aboth how appropTlats reMN•$ are investsd or maint4ined. Fro9 re8W6 represents unwlrKted furJs 01 £414.650 less tangible and In14ngt #ssets of ÈO. Al the yoar d, the Charitgble Company had free reserves of £414,65012022.' £293,609) k •quatss to appmxlmaldy 6 monlh#.. ¢. Inv••lJMnts poll¢y Th Tru8t••s hove conswJor•d the way In vtti¢h fv Charllab18 Ccmp•ny inve8ts ItB fimds con$(ders the mo$t appropnale approach Is for the fijnds to hekl in savrds acoJunt{s) or bond acco118), whore the maximum inveslmont is £8S,OW pw UK-r09 flnrIal 11111t)n. Is protecaèd under Fin•ncSal Ser¥ices Ccffipensatiw S¢lwnè IFSCS). IOr• th• Trusl••s have klant1d sufficient rnsem5 lo kNo8( M 18 eon8Klered Ih•t mow may ke deposit Into t¥Jndlsl or savings 0[111 vthero Ihe inveslment gain the bgsl Intgrèsl r8les. It IB acceptod that th18 may moan haviry fvnd$ placed in an LnI[S) wllh StrIcted access over ¥ given lime perw)dlsl. su¢h ¥$ 35 day notice 11 yyar 12 l)onds. Po9e 3
LEICESTER OLITDOOR PVRsurfs CENTRE (A Cowy Lknlt•d by Guaranty•} TRUSTE REPORT ICONTINUEDI FOR THE YEAR ENDED 31 PIARCH 2023 d. Pthclpl i1•k• •nd un¢•rlinti TM Tru8t06s ha dixugs¢d all the rlsk8 to the Charltat4• Ccffipany Oln9 the 1. They hg deNYloped system5 and Strateg to (X)ntr Ihe8e risks and milipte any effect thty may hav& on the Centr8. Truslees cont¥• to r8Mi8w thasa on a wular basis. At piesenl me the greatest risk * fr(m the uncrt8lrty of hilamaonl and th)mesllc markgls whlch are causing Pressure5 in UK lI.0n ratès. The Tru$te•s n•d to btt mtndful that incms•s in inffl#tion pui pr•ssure on expendable income for many of the core Centre users. imp&t the abilty to pay lor soson8 at the Centre. Thgro ongotrw rlsks from flooding although Ihgse are annual concern. bery basod on a flood pl•n, lo d•1• w• ho b•¢n •bl& to to opernte tAtyth a redLThd ¢apauty n flood L7)ndit. SInturnI 9O¥•rn•n •nd m•n•g•iiwnt •. Con•lStulkni Th• L•l¢e$tsr Outdoor Purnutt C•ntr• Is wsl•rnd 88 • Chwrfabl• Company linrt•d ty guwantee and wa8 $Ot up by a Trusl deed. The Chafrtable Cofflp8ny was incoted on 20 June 1997 88 a ChaTttable CnpaNY by gvaranl86 and 18 therofore o)vemed by the IAemor8ndum ond Artides ol A$sociotion. Charrtgblg stotus W85 granted on 18 M¥rc 1999. Prbor to irKorporth, Le$thr outd Pur•u#s C•ntre opw•lry as a Charity 7AThlhln th• CK Trust. In the evenl of Ihe Charltablg b8kn9 wwnd w mombgrs arg rgqulrfjd lo I>)ntr on amount not •x¢••ding £1. b. M•lhod• of appolnlm•nt ar •l•th of TnMt•M and Dlv•ctorn Th• mwogomenl of Chwrtlablg Compwry bs thg reBponsIY (rf th8 Tru¥lo08 who olocted and Collopled undw the lem8 of TNst d••d. Appo¥mont of th• Tnle•S bB &4?rrd by tho MnoraThlum and Artid•i of Assod•lion of th• Charllat Ccrfnpany. Th• Tnmtths ar• rtrIS to r4)int n Twst•è8 by f•golullon to 111 vad•S arf&lno durfng the y¢?r. Al the Trustees ofthe Chw61able Comp•ny w• Trustees ofth• Charity. Dwlng the pgst year the Chak of Tm51ees. Ann Ba1 51epp8d down from the rc4e. bul nIlUeS in th? role of a Trustee. Ann hos been Chair of the Board of T since 2016 and the Trusteès Ihank AM IN her commftment lo the role the m 6 ywrs. Tru$tg9 AThJrvw Pa8r ha$ bo8n voted in as the new Chair ol Trusle$. The Tru$te•$ 4$0 w•kom•d 3 Trustws during th• y. Chris Walsh. Cath8rfn8 James and Paul Wtth. P1 al80 lakes the vacant po8ttlcm cl Treaswer to fv Board ofTw$es. The Trust3 thank Karen Hamptrfft for her efforts kn aCrate recorthw the minute8 01 Ihe AGM Tru8tea mgeling$ Ihfcwhoul th• ¥r. All Trustees com•te an indu¢liM" and Tr1¢¢.3 R8sprrnbifrtw" cwrsas as r•qulr•d. Additional spo¢ialis1 subjects are alt¢r*Jod a$ rewired. P•Je 4
LEICESTER OIMKIOR PURSUITS CENTRE IA c Lwnit•d by Gratr•I TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR EMDED 31 MARCH 2023 Slruclure, gov•m•n¢• and manag•m•nt leontknu•dJ c. Ory•nl¥•tlonal Thg TrtIeS meet regulgty Irj the r and arn rospcNlbie thè strateg ilreclion #nd pcAleS of the Ch•rilable Company. Tho TnJstee5 delegate thg day lo day running of the C•n¢re lo the Centr& Managèr. During th• year the Tru8lee8 and rnanagem•nt team worked on the forniat ol a naw set of vae$ lor Charltable Company. Wth a de6ire for simpliLity.... LOPC18 lor EVERYONE, lor Eryoyment." for Learning.. and for o Su$l¥In Futuro. d. Flnanclll rf•k manag•nnt T1 Tws¢••s h•N a8s08wI ts major rlsks to the Chwil8t40 Comwy Is exFMed. in yrti¢ul•r tho8• r•lattd lo the OatiOnS fuwKes of th8 Charttabla Company and arg $911sflod that tha systems #nd prIdUleS aro in plg¢e to mrtwit èxposur• to m•ity visks. •. Tru•t•••' Ind•mnlll•• A8 pennmted uTrJ•r the Chwitatle ComponY8 kI•S of Ass0(aatK. th• Chwttabk Compa)y has maintaln•d Insuraw ¥mIntIr1d to £840 n relpecl d Tnalt•' dfi(rs' labiltix wKwred in ConnecOn th• dl8charg6 of lh1 duti¢$. Th• In8Ur•n11 for 4 lo1 of £5LKI.(#XI. l. A¢knowl•dq•mnt• The Tru$lee8 would le to thank 01 of the Centrè staff and wlunt•ern rJ)nlSnu8 lo put In an •normou6 amount ol effort to make Ihe LOPC a CommurNty Centre of ¢)ce for the people of Laic•$l8r surroundlng area. Volunlters have dèvotsd many hours at the Cantr• lo make sure Ihol the adv$ njn snKolhly and the g. Fln•ncl•l rlk m•n•g•nnt The Tnjstws have #8e8sed the m•igr rf¥k$ to wtr¢h thè Chwit8ti1• Company is oxwèd. vi parti19[ those relaled to th* operalions and finances of the Ch¥rrt8t4e Company. ond are 8011sfied that sYStn3 ond procedures org In place lo mib9ate expo$ure to the maTrx risks.
LEICESTER oirrDOOR PURSUITS CENTrE (A Comp•ny Umll•d by Gu#rnntso) TRUSTEES REPORT IcoKfiNUEDI FOR THE YEAR ENDED 31 MARCH 2023 Plans for fvtur• porlod• LOPC VAII rwnakn commmlod lo )nIlnual dg1w1ft kn order lo bg¢(¥ng a Centrg of (b)Ice for Guslomer8, staff and 4rlunt¢•rs. The Centre has was Invod n ddivery of the HAF (HolaY Adiblty Sthem? dn9 Iho year for both Leicesler Cty and Ihe Cwnty. Logistics and tranSrt issues reduced the Wake in the scheme fr potenlial County p8rti(¥Ponls. re$tij in fewer Ihan expethd nLThbers. Hc4vevar. the Centre proved a popubr d•stinalion lor ath•r att•nd••s, res1 in wnmth•nt t)th C•ntr• and th• Cty to in¥•st In incr•asiThJ opportunlty %there posslbbE. Th8 OutdcxK Instructor ApprentShIp Sch8fft0 has n(M b1 wnning the p88t 4 yTaTS at the LOPC 8nd h•s helFd lo support the educètfv)rI dèvelopment of PaOp aspiring to becrne future Outdoor Instructors. The Conlre•A44 contknue lo offer Ap pOslUc for the Mar futsn. As numbers of partKiparrts irKToase, so does th• neod Icf moro equlpment Tho C•ntr• WMI tr)nllnue lo Inv•Jt In n•w [p¥n•nI. 0$ wdl as r•pla¢kng aoing wJ(ipm•nt ¢0 help the C•nlr• offer a premium experien to visltfxs wlh ne1 •quynenl a•to fc u8•. The Trustees and marwenl conlwiue ¢0 ashlè finial M$ourc•s for thé replaeemel of the rw$ Gouw In Ihe future of Ihe Cgntre w Irwe wvj fKwKes pemii¢. Tr plwb IS to cixrtinu• to add lo th18 fund 0$ finan5 wrm Wllh 8mlJlOon to at the I fèasknilty of dnolithlng thè •xl$lkng bjlkllng bulbjng a b8spoke Outdoor Centre kn 08-10 y8ars' lime. the manag8mènt gtartJ thè loThJ Pr1)81 of engaglng vAth pol•ntial $takehc4d¢rn lo build siwort lof tho fiAuf•. In the Jhort term, the Centre will continu• to in¥tst kn othw Pr th•t win the Centre a bh of o fac lfft ... l.t. new slgnage has already ld. as the on the Canoè L8Ch and chery Ranp. AJ)olher polgntial wojoct Is rodg¥gh)F¥ngnt of tho T-nO rwy. R•f•v•Thu •nd Admlnl•tradv• D•tsllB olth• Corryany. h Tru•t•M and Advlwl Tru•t• Mrn A Bopdl. Chalr. unlil Nowmb8r )22 Mr A D Pwker, Ch8. from Nmmber 2022 MTS K Cane. Vke Chr Mr P Wthn•ll. Tre¥$urer lappointeo 9 Nonbel 2022> Mrs R S Palerson IAr K R Hampt Mr C Walsh lappointed 9 Nowfflbar 211221 Ms C Jamès lapp)in18d ? NoV8Ml 20221 Mr A Vlnor (r051gngd 9 N0mber 2022) Advl¥orn MTHJth Mr K R Hamrkni Company R•glst•r•d Numb•r 03389638 Ch•rity R•gi•tsrnd Numb•r 1074671 Page 6
LEICESTER OLrrLKX)R PURsufts CENTRE (A Company Lknlt•d by Gurnnt•• TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 R•gist•r•d Offic• R•thdl Cirdo L0Ughbc Road Le11¢1 LE4 5PN Company S•Gr•t¥y Mrs Fraur Accountnts MPLA Chart8r8d ACKrn1ants 11 Ueru$ Cwt Merthan PAtsh)ess Pk Leicester LE19 1RJ B•nk•rn N•tW•st B•nk L6lcésl•r LE3 OTQ CAF Bank Ltd 25 Kings Hth Ave4M Wesl Mawng ng$ Hil Kent ME194JQ Ind•p•ndant ex•mln•rn Folbwng a r•branding exercis• on 15 May 2023 the trading name of the ClIale Companls indopend•nl ¢x8mlner3 • from MFL4 Ma¢lntyrg Htthon to MFIA. A rg8dutlon lo reappolnl MFN as Indgp&ndonl min•rs wil b• w0p0d at n•xt AnThL Genernl MeelirwJ. Approved try ordef oftr membern offv Bo¥d of Tru¥i••s svJn•d on theff b•h by.. ir A D P•rknr Chair of Truste•¥ 11 /,.IzoS Page 7
LESTER oimxx)R PURSUITS CEpifRE IA Gony•ny Lknltéd by Guarant••) STATEIIE1 OF TRUSTEES. RESPOMSIBIUTIES FOR THE YEAR ENDED 31 MARCH 2D23 The Truslvs {véb) arè also thè directors of ts knpony for the PUFPOBO5 ol cornp lawl or• rPOnSIbL9 for preparirwJ the TnJ8tees' Repjrt and the financlal slatèments li accordar wth applrgble lèw and U ngdom Acoyjnting Standards lut11 Kingdom Generalty Acc4p¢g11 A¢counth"ng Prxticel. Company requir•$ Ihe Tn16 to prepe fwwKFal 8taternents lor egc (ffiand ar. Under Comp8ny18w. Ihg Trustees must not the financiql statemenls urdass ty ar• satisfitd that they givo a and fa ew of State of affatr8 of the Company and of rt$ IrMing resources and applution of resour¢e$. Incl41 its irthma and éxp•nditure. for that poriod. In preparfn9 Ihose fmancial 81atemants. Ihe T5100$ are required to: 8el6ct sullatAe c(JnI1ThJ pollclos then aK¥Ay thom consffjtsnty. obstrb* the methods prinuples of th• CharlOo8 SORP (FRS 102).. make ludgément& and accounting ¢imate$ Ihut are roa50nabb& pwdenl.. state whether appIable UK Accountww Stsndards IFRS 1021 hav8 boan folbxed, subjeca to any matertal d•p•1ures th8do6bd and expl&ned in th• fina181 statement8: and pr•p•r¢ flnandal slatements on lh• png 0)ncem ba unless tt Is Inwopriat• lo presume th•t the Comwy VAI con11 In busimv. Th• Tru8t••8 wo rewxx1Jlg for kwplng •J8w4t• •cCoUnti rgcords that we suffldent to and explaii the Compan$ transactions ar¥J &s¢lose with Te850nablo acT4 at any tim• th¢ finanrAal position of the Company and Qnable them to enswe that the financial 8t8t•menl$ wmpty wllh thè ctsmp8nh Acl 2008. They are also r8sponsit4• for lgUardij th8 assets of Iho Company ho fw taking r•a$on8bl• $l•p8 for the pr•¥enfjon and delectlon 01 fraud and ¢)ther wre9ri¢S. Atvowd by order ofth• m•mtm of the 8o•rd ol TrtIeS and gned on it8 b8W by.. Mr A D Pirt•r Chalr of Trustees Dale.. Pag8 8
LEICESTER OIwll)0( PURsurrs CENTRE IA Company Llnled ty Guarant¢•) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDEO 31 AIARCH 2023 Ind•p•nd•nt Examin•rf R•portts th• TnMt•M ol L•thr Outdo¢x Purnuk• C•ntr• llh• Comp4ny'i I ryrt lo thè Chartiy Tnl••s Cm my ex•ninall rf ol the Company for thg >wr ended 31 M¥ch 2023. R•pon•lbllltl•• and 8••l• of R•port A5 the Truste•$ ol the Company IBTrJ tts DIr9¢to for purposes of Company kw) you arè responslble for the prep¥raOn of accounts wi )))InCe the requlrem8nts oftre Compan9 Ad 2[ Ilhe 2( Acri. Havkng 8a11811ed my88W th¥t lh• Kc¥yJnts of the Compony 8re not requirnd to be authted Lmd•r Part 18 of th• 2C)6 Act and are efwibl8 for rKlependont examinal'on, I report in SpeCt ol my gxaminatson of the CompanV8 acthwnt8 corrled out under Beclion 145 of th• Chaiilles Act 2011 rthe 2011 Arfj. In ¢awrvI out my examlnallon I haim follÉMd Ihtr DIreIDn3 gIn by the Chanty Commi88Jn und•r Sec 145(51{bl of the 2011 Act. Ind•p•nd•nt Examkn•e• Slal•DWrt SinrA the Compan5 uyoss incom• •xc•eded £2),000 your oxamin&r must be a member of a ldY 81•d In se¢lion 145 of the 2011 Act. I c4nfirm that l arn qualffied to undertake the èxaminat)n becau l 8m 8 member of Instliute of Ch•rter•d ACcntantS kn ErvJwKI Walm, IB offv11sted bodlei. I hava Complelod my •x•mknllan. I wnllmi thot rK mattern hah coma to my attention In ¢(n•¢I10n ¥Ath th• •X8minJtion gi¥ltVd me cau8e lo beli.. a¢couThlng records wer• rnt kgpt In r•8P•Ct ol thè Compww r•qred by lfi0n 386 of1he 21MX Act: or the accounts do not wilh those re¢ord8.' or the a¢Un do not compty I1h the act0unll requiTem•nts ol 8e(aion of th• 2006 Act oth•r th8n any requiremwrt tho1 Ihe accounts and which is Th)t a matter wn$KJ•rod as part cd an indep8ndenl 8m0n810n', or th• accounts have not been pr•parth1 wi aw)rdan¢e Vilh Il rnethods and pnd•S of the St•lemenl of RecommeThJgd Pradice for accounting and r•F¥yb'ng by Charilies applicable to Charilifrs preparing the aco)unts In a¢¢ord8nce wbth th8 Finanwl Reportng SIrd 8pplablp in the UK and Republic of Ir¢l8nd {FRS 102). I ha no con¢ems and ha¥0 wxojs no otlw matters in ¥bllh the examination lo wlith atl•ntion strld be drtdm in this Teimxl in order to enable a prOF undwslanthng of tht cnts to be rg0th9d. This report 1$ ffle solety to Ihe Companls Trustees, as a t)ty. in ?rdan with Part 4 of the Charities {A¢cwn18 and Re)rts> Ryl81b 2U)B. My work has been undèrtaken so that I mlght stal8 to the Compan1$ Truslees thos¢ matters l am requwed lo stste to them In an Independent Examierfs Report 8nd for no other purpos•. To tho fullest txi¢nl permitted ty law, l th) not accèpt c* assume r8sponblty lo any(• other than the Company and Ihe Companys Trustees as a body. for mywork or for this report. Page 9
LEICESTER OLITDOOR PURSUITS CE14TRE (A Company Llmlt•d by Gutrant••) INDEPEMOEMT EXAMIMERE REPORT ICOMTINUEDI FOR THE YEAR ENDED 31 IAARCH 2023 Ehzabelh Nth¥dl 8A (Honsl FCA MHA Chartefed A¢coLtnlants & St•tut¢yyAth16tsY8 11 Merus Court MeridKin Bu$w$ Pwk Le{10r LE19 1RJ MKA 1$ th¢ Irathng namt of Maclnlyre Hwjson LLP, a limtt•d Ikibity Prtnwship In Eqland and Wales Ireglstered number OC312313). Dat•.. 24 October 2023 Page10
LEICESTER OiWTDOOR PURSUITS CEMTrE IACompany Lwniknd by Guarantso) STATEMENT OF FINANCIAL ACTMTIES IIMCORPORATIIIG INCOME AND ExPEN1URE ACCOUNn FOR THE YEAR ENDED 31 IIARCH 2023 Total fund• 2D23 fi4nd¥ 2023 fund 2023 fund• 2023 fiJnd$ 2022 Incom• from: Donations and legac Charitable ac11lIeS Investments Oth•r Income 15.1 112.194 527,850 131 5,971 644,434 102 7A93 7,693 Totsl In¢om• 688.013 671,313 846,148 Exp•ndlluv• ¢)n: Charitsll? aCtm•S J8.767 536.329 497,290 Totsl •xp•ndltyr• 31,7FI 636.329 675,086 497,290 N•t In¢om&Il•xp•ndlrnj Transfers b81wwi nd8 3,300 138,7671 131,614 96.227 148,858 15 (19.7441 (10,1431 N•t mov•m•nl In lund 118,4441 18.3701 121,041 96327 148.856 R•conclllatlon ol fund•: Tot81 fvnds tffouoht f¢)rw4rd Nat mov•ment In fund8 61N14 {11M44) 189A63 2•3.SO• 121.041 534.416 98.227 385,630 148,858 Total ¢•ffknd 34,•70 181.093 414,6SO 630.713 534,480 The Stalemgnt of Fi14nclal Actpiibes WKKles all gth8 and rwnlsed in Ihe . The notes on pagos 15 10 36 forn) pwi ofthese tknandal $lalwnenis. P11
LEKEsfER oUTDR PURsurrs CENTRE {ACompany Llnthd by Guarantsgl REGISTERED NUPABER: 03389636 BALAMCE SHEEr AS AT 31 MARCH 2023 2023 2022 Flx•d J•ts InWbl• assets Tanglble auets 213 189,463 12 181.093 101,093 189.878 Cuvv•nt •M•t• O¥blors Cash at bank and in hand 13 18 12.320 486.743 21,049 367,S52 499.083 388.001 Cr•ditors'. amounts I1r4 ¢kn within year 14 149WI 143.791) N•t Gwr•nt A•••ts 449,620 344.610 rotsl n•t a•••ts 630.713 534,488 Charlty lund• Rèstricled lund8'. Re8tr"ded ftJnd8 FLxed a$891 f 15 15 34970 181.013 51.414 189,483 T¢X81 reslrlcted fvrwJ8 unlen¢ted fvnd$ 15 15 218,083 414,680 240,877 293,809 Tot•1 lun 630,713 534,486 Page 12
LEICESfER OUTDWR PURsurrs CEIITRE (A Company Llmlted by Guarants•l REGISTERED NUMBEL. 03389636 BALANCE SHEET (COPITINUEDI AS AT 31 MARCH 2023 The COmpY was entilknd to ex8mpt from under secabn 477 ofthè Companfft Ad 20[. mgmbers have not roqLlrthl the Company to obtgin wlil for que8llon In acctsdance th seclion 476 of Compnies Act 2C(6. Trustees acknovAedge thelr fe$FibIIlI1es for comFJwy with the rnquirom•nls of th• Act wlth rosrf to acGcwnling records prep8rnticffl of fin4rKio1 s14tem. Tha financ4al statements ha¥ b••n wepared h) wilh tho aprli¢abb lo •ntilw $ubj•¢t to thg Small c¢ynpanlgs rme. Tho fmncld statsmrArt8 were apwoved and aulhorlMd for IS by th• Trust0 and siwad on tlT boh8 by. Mf P Wlthn•ii Treasuror D8t•'. 111191201B The notes on p89•8 15 to 36 fomi part of the8e flnancld statements. Page 13
LEKESTER oirrDOOR PiIRsurrs CENTRE IAComp•fty Llmll•d by Gu•rnrbt••) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Cash flo Irom op•rnting •ctivitM• Net ¢sh used in operating a¢ai%rybts 17 148,776 183,871 C•h flow* Irom Inv••tlng actlvlll•• P•ym•nts to a¢quir• tAn9th frA•d aswts Inl•rest r•¢8wd 12 130,3871 802 {49.4281 131 N4t ¢Mh u••d kn h)¥Mtkng •thlU•• 129,6851 <49.29$1 Ch•ng• In c••h and cash •qulval•nts ln th• y Cash and cash equW•rt8 at tm baglnrthg ofthe >•¥r 19 119,191 387.552 144.678 222,976 Ch and •qulv•hThts at th• •nd olth• 18 ,743 367.552 Tho not•8 on pap8 15 to 36 form wl olthose finandal $l•lwnents Poge 14
LEICÈSTER OUTDO1 PURsurrs CEPrn4E IA Cthbyany Lkn¥t by Guarant••l IIOTES TO THE FINANCIAL STATENTs FOR THE YEAR ENDED 31 IAARCH 2023 Gtnernl Inforntlon The Loieéslw Outdoor Pursits Cerrtr• 1$ a Chaffiable Compary knited by guaranleg and reglslered In England aThJ Waks vMh Compans Hou3e Iref.. 03389636> and Charty commiss)rt Iref.. 10746711. Thè regi8ler•d off• Is R¢dhll Clrdè. Loughbwh Road. L•ke8t•r. LE4 SPN. The winclp81 a¢tW of the Charity 1$ s•t cArt in the Tnmtees. Report. A¢counthg poll¢l• 11 81•l• of prnpAr•tloD of fm•n¢W •tthm•nts The finonoal stslemènts have been preparad in accordance ¥•th the Charitl8s SORP IFRS 1021- AccountiThJ Reportiro by Ch8rrflfrs.' Statemtnl of RecmMended Pr8di¢e •pIcaAe lo CharKSa8 preparfng th8lr accounts i) ¥K¢(¥dae with the Flnanc4 Rowlng Standard applicable in UK and Republ of Ireknd (FRS 1021. Ihe Finan¢ial R•porbw Standard appl19 in Iho UK and Repu of Irdand {FRS 102) th? Comrw Ac 20Cb. L•kst•r Pursuts Centre meets the dofinft of • pjblic neffi1 entity urbdor FRS 102. Assets and li818 are Inth'aty recogii8tiJ al hi¢41 c¢8t or tran8actlon tml•s8 otham st•t•d in Its Televant accounlirwJ polky. The Charity$ fun¢lknnal and P$tatNl Is Brttlsh Pnd8 star (Q and 58 roundad I r981 p0d. 12 Golng conurn Tha ffinl stat•m•nts have pped a going b•818. Th• Tw¥tfj•s havg ¢onside1 thè relevarrt informalion. KdIr9 the annu tyjdgol, for•casl fulure cash flows and th• knpact of $ub8ewent ovents In making Iheir assessment. Bas•d on thes¢ as$es8ment$ and having regard to tho rosources mllable lo tho onttty, tho Trusta8S have condu¢Jod that it is appropriate lo contlnue to adopt the NIg c(mrn ba$ in preparlng the Tw8tees' Report and 8crwrts. 2A Inc4)m• Al Inecffiè b fecwised once Compony hay entillem8nt to th• incom•, it 1$ Probbtt that the income be recth¥gd And the 8mtyJnl ol irKLne receiwatA8 be m•a8ured MItly. For donations to b• rè¢ognised Ih• Charity hav¢ notrfd of the amounts and th8 SettMent dale. ff there are condthons attach¢d to the tion and this ru¥e6 g hvgl of yrfomance befce irflement can bg oblaln8d thgn Inc£ffie IB deferred Unt those ¢ondrtions are fulty mel OT th8 fu111ment of those ¢ondikns is witlun the Djntrol ol thè Charty and it 18 probabk thal they wll bo fUUld. orated faciliti8s and donaknl wofessKwI 8w¥ice8 are recognIsl in kKx)me al 1r fair vakje when thelr economK benefft is prob8ble. it can be measured reliaw and the Ch¥rty has cuilrol over th8 item. Fa valu8 is detsnybyvj on the bas5 of Ihe of the gffl to the Charty. For examF4e the amount the Charty woukj be wiling lo pay in the w marfEet for such I1195 aNI se¢05. A orre8poNJiNJ amount 18 Tecognised in expenditure. No amount is inc*Jded in the fin¥n¢ial statemerts for tim• in with the SORP {FRS 102). Further det4il is givgn In the Trusle86' Annual RepxL Page 15
LEESTER OITfDOOR PURsurrs CEpifRE IAComp•ny Unth•d by Gulranknl IIOTES TO THE FIMAIICIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 Accounllng polkle• {continwd) 13 Incom• l¢ontinu•d) Vltrre pr•¢lK•ble. gft$ in kirwj donat8d tr distribub'on lo Ihe benefar of thè Charlty aro Induded n dtsnalions In the fmancid 8tatements upon rn¢eL If rt18 knpr8dicle to assess the fair value at r•cespt of rf tho Costs lo undertake * luat (Krtwelgh any baneffts, tn Iha fair valu8 bB recognised as a comFonenl of dorith it is dlstrltrMJtth1 equlvalent amount rwnls•J as Ch8nt8W exwnditurè. asset gffts In klnd are rn¢ognls•d Wtr re¢¢1 w• iTrSud8d at tsir value. They are rw)t dened oNwr the lrfe of th8 asset. I0 Imm tr•thng xll¥its•s YKkKI•$ VKCAne ear1 from fvn(traising èvénts and tradlNJ acthAle8 to raise furKts lor tho Ch#y. Inc£m• Is I¢¢etrd In oxthang9 fw supplytrbg good• •nd 8ervicg8 In order to raise funds 15 Tecogrys•d when entidwn•nt ha$ o¢¢ured. Irtcome from gry4wrffl•nt and oth•r fft arn rncognKiod at fair val wth•n Ihe Charty h enlillemenl after any perftymon lditionS hawè b88n met, tt Is probable Ih81 the inccffie will b rQNl and tho amounl b8 measured rellty. 11 tMOnt i• not m•1 th•n Ih•$• 9moL1 are dgforred. Inv•slm•nt Inc<th• Is •am•d thrw hokng assots for knwslmenl purptsM8. 11 Indud•s dMdend6. intsresl and renL 11 is i)ded when Ihe amwrrt can be mea$ur8d reliaL4y. Interest income I Tecognised using the effecti¥e inlewl method •nd th'wd•nd and r•nt Sncom8 18 rwnlsod a8 the Charitys ryhl to rec4( Pa•nt Is •stat418•J. 011 kn¢ome In&Jdo6 hKome as galn8 dIw$8 rflwgltle fixod gss8ts. 2A Exp•ndliur• Exp•nditura is r•cogniMd 0¥ Ihw• Is a ltyal t constru(al obllg•Uon to transfer e)xoml¢ benefit to a Ihlrd pty, K 18 prob8t4fr th818 tr8nslw ol aconom b8n8fitS V411 be requred 8tttlèmènt and the amount of Ihe ob1gallc can bo measured reli•tty. Experk4itur• is classffi8d by actl¥Aty. The costs of oach are made up ol Iclal of direct ts 8rTrd shared costs. induding support costs knv¢4vgd th I1•rtaking each xtiW. Direct Costs allrixrtat to a single aciiwty are 8lb¢8tgd dlre to thot actNity. Shared costs t•thkh corrtribute to more than one adi¥ity and support costs which 8r• Tr)1 attributable to • swigle actity ar• apFthioned betrn those trtieS ¢)n I ba$is ¢on8lslenl wmh tha use of resources. Corrtral staff costs we alocaled m the basis of limg spent. and deprecration ch8rgo8 dlocalod cffl Ihe wtion of the as8ef3 use. ExF4ndbttre on ¢h•rilAblg is incuTh•d on dwocty urmlertaking Ihe activilkn vthlch flwther lh8 C¢np•ty8 obi•clKw. •8 •$ any ossoclat•d 8upw¢ $ts. All oxp•Nlthire is in(Jsi¥p of wrecLwerable VAT. 15 krtwo•t rv•lv•bl• InteTesl ¢)n ld8 W on dwsrfé Is indLhlod wthan and the amount ran be m¢a8ur•J rdklbty by the C(pany, this is normaity uwi of the inter•st paid or payable by the Institutic wilh vthom tha funds are deposite•J. Pag• 16
LEICESTER OiITDOOR PURSUITS CENTRE
(Acoftwany Lknll•d by ¢3uarants•)
NOTES TO THE FIIIA14CIAL STATEMENTS
FOR THE YEAR ENDED 31 IAARCH 2023
A¢¢ountlng pollclu l¢ontlnu•d}
16 Tx•llon
The Compony * consijered to pass th• t•sts s•t oui in 1 SLwdtg O of the FInan Act
2010 and thèrefore rt melts the definitiDn of a Charitable Company lor UK corporation tax purptssts.
Accordingly, tho Company Is polenthalty exempt from tsxation r&8peL# of heme or capllal galns
receTved within ¢alegoiies covered by Chwr 3 Part 11 of th• Corporation Tax Ad 2010 or SgGtion
256 of the Taxallon ol Chargeable Gain$ Act 1992. to the extent that such ineoma or gains ar•
aPle eXdus?ty to tharitable purp)ses.
2.7 Intsnglbl• u••ts •nd •mortl••tlon
InlangJltr amets are c•lty•d ond recognistsd when lutwe ea)rvnlc ben•fil$ arn probable and th6
C08t or oflhe 8ss•t can b• measwed rekabtry.
Intsngth assets aro inlraty reCognid ai $1. After rewnmon. under the cost modal. IntangiL4•
assets are measurgd al cost l•ss any Mulated n01b$tIon aThJ ony accumulated Impalrmonl
1088•8.
Amc
LEICESTER OIITD( PURsurrs CEMTRE IA Conyany L1•d by Guarant•l NOTES TO THE FINANCIAL STATEIIEMTS FOR THE YEAR ENDED 31 IIARCH 2023 Countlng polkl•s l¢ontlnwd) 110 Ca•h •t b•nk and kn h••d Cash at b8nk in hand indudes $h and SIK-t¢ hith Ilwid in¥•$lmants with a short mabjrtty ofthr8• montrffj or kns from th& date ol awmsthn or oponing oftho d8pxN N 8kn11gr a¢¢ou 111 U#blllll•• provknlom Liole8 afe recogni8ed then there 18 an ow8t• al th• balm sheet dal& as a fesult of a pa$1 •v•nt, it Is probabl8 that a tran8fer of acLfflunic benefft be roquwed in s•td•m•nl, 4nd th& amounl ol the setuement ¢8n be e$tim8ted rdiatty. Li911•$ are rwnimd at the amount th•t th• Comwy •ntpat&s pay to s•tll8 dèbt IY the 011 hgs rxeived •$ a¢fvancl paymAts for th• or 8•rth A must wo¥. Provijicffjs are me88ured #t Ihe best esbmate of the amounts r8quir8d lo ¥ettle the oblall0. Where tho effoct of the tkne value of money Is fflateiial, the Pfwsion 1$ bas•d on Ihe present value of thos 4m¢unts. 1scount at tho preThtax disccJnl rate that refiecls I1 risks specKlc lo tho li8bllNy. The un11r0 of th• dixart is re¢ogrtJg¢1 In th• Ststeml ot FanCIal A¢¥ibe8 48 * financo co. Z12 Fln•ncl•l In•lnm The Company onty has finanual assets aThJ fnandal lsabilti•s ol a klr¥J that qualify a5 b8$i¢ fingntyal b)8truments. Bas finan¢i81 instrumenls are inrfiaty recognised al tr#n88ctkin valu& and subsequenty measurtrd al th¢ir 6¢lV¢mw value Iho oxc¢pllon ol loo which are sub5equtnty moasurod al amortlsed coBt n9 the elf•(IvM Nrt•re¥t m•thod. 113 Op•rntlng IH••• Renta18 paid under coeralhg lèa808 we tharged to th• Stat•ml of Fln•ro•l Acti¥lli88 on a strai line basis owr the leam lenn. 114 P•nOft• The Company operates a defintd UYIlributW F4nsicm s(tsm gnd the pS1On thargè ropro$ts the amounts payatle by the Company lo fund in r•$Fect of ts year. 2.1$ Fund •ccountlTrg General fvnds are unrestrict funds vknlth are av&laL49 lor u$9 al thg dl¥¢r¢lSon of tho Corrtre Manager, in consumation with the TNslees in fvrthrw of th¢ g•n•ral objectives of the Company Designated fvnd$ wnpris• unrnstrthd funds that tta¥• bean set agide by the Trust for ParticUr Ixirpo8e8. The aim and use of each d8s19nated is s& out in the Th)te8 to t financ4al ststements. Restri¢l•d fvnds are funds ¥d1 are to uwj in ao)xdan¢8 wilh spedfk restrlcilons Imp08ed by donors or vthich have been raised by the Company for partthxlar purpose5. The costs of rai$ing and adminislering such furKls aw ¢har9ed 49ainst the specific fund. The alm and use of each restricted 15 Set in th& nots8 to the finanoal siatwn¢nts. Page 18
LEICESTER 0[rrDR PURSUITS CEpmiE {A Coftwny Lin•d by Gu•ranl••l IIOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ounling poli¢iM {contlnu•d) 115 Fund aOuntIng {¢onllThwl Inv•$trnent kn•. gains aThl losses gJe olhxèted to Ihe gppr(ylale fund. Donatlon •nd l•g•¢l•¥ RMtA¢t•d Unr••trlctsd fund8 fund• 2023 2023 Total funds 2023 DonaUons othor granti 7S4 14.430 4,064 14J30 Tot•1 2023 3.300 15,184 18,484 There we no unfulfilled r•lallng to r•cwi8ed. Reslraod Unr•8tri¢thl funds fund$ 2022 2022 Totsl furKI$ 2022 JuNa and HS Rw¥iry Grant Job retention scheme grant Bailey Charlty Grant Kats Kanus Do¢ Fr¥me Grant LRCF tknatkn8 Other wants 56,000 15,800 10.1100 5.525 4,204 4,126 3,112 13,387 15,880 lo,1) 4,126 510 3,775 2,002 Tclal 2022 84.140 28.054 112.194 Inch in grants ¥vorn wgr41 Covid rdatad gr8nts lotalliNJ £15.860 whh are Government grarts. Pagg 19
LEICESTER oiifDOOR PURsUs CENTRE (Acompany LThtt•d by Gu•rnrbt••l NOTES TO THE FIIIANCIAL STATEMEIITS FOR THE YEAR EMDED 31 MARCH 2023 UnMtrf¢l•d fund• 2023 Tot lund• 2023 Centre ¥ctMb Unr•strlded funds 2022 Total lund$ 2022 527,850 527,850 Page 20
LEICESTER OUTDOOR PURsurrs CENTRE (A Cory)Y Lmltod by Guarants•) IIOTES TO THE FIMANCIAL STATEAIEWtS FOR THE YEAR ENDED 31 MARCH 2023 InvHtm•nl Incom• Unmtrf¢t•d lund• 2023 Totsl fund• 2023 Bank Intérest 802 Unrnstricted fund$ 2022 Totsl funds 2022 Bank Int•1 131 131 Oth•r Incomlni r••our¢•¥ Unr••trlcted fund• 2023 Tot•1 lund• 2023 7.593 7,693 Unre$trlctod nds 2022 funds Other income 5.971 5,971 pa21
LEICESTER oufDOOR PURSUITS CEMTRE (Acompany Lknit•d by Guarant NOTES TO THE FIMANCIAL STATEMEMTS FOR THE YEAR EMDED 31 IIARCH 2023 An•tysi8 of eXpendIn on ehrftal*i actlvltl•• Summary by lund typ• funds 2023 nd• 2023 Totsl 2023 Ire actNikn$ Administrat 38.757 331.338 204,1 371J,096 204.991 Tolll 1023 38,757 536.329 5TS.086 RestrKt8d iknro8trbcted lund$ 2022 Total 2022 2022 Centre actlNIIIg8 Adminlstralon 54,975 269,741 172,018 324,710 172,574 Totsl 2022 441,757 497.2 Analyth of •yp•ndllurn by a¢ Support Totsl funds 2023 2023 2023 Cwtre activib•$ ini8tr•tKJn 315.599 197.409 54,496 370.095 204.991 Total X123 513,008 62,078 S75,086 Pog¢ 22
LEICESTER OUTDOOR PURSUITS CEIITRE {A Company Llmlt•d by GwTrnt••) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDEO 31 IIARCH 2023 Analyskn of•xpendllur• by xthrltl•s Intuld) Total fund$ 2022 oyts 2022 Centre actMi6e8 Adminislralion 281.727 167,090 42.989 5.484 324,716 172.574 Tota 2022 448.817 48,473 497,290 of dlv•ct colts C•ntr• •¢Uviti 2023 AdffllTh co•t• Totsl lun 2023 2023 Staff 13 Freelance ts1slnKlorn. tutrs. 8thfjMrs hterrt4 Tralnlng Unmms Logal and wof•s8wJnal Trans 205.819 14.140 3.826 3.618 189.802 396NZI 14,140 3,826 3,61$ 2.499 3.904 6.909 7.283 7.607 33,113 1,286 2,907 2,262 13,2•8 4942 175 8.602 1.196 Repalrs anil maintenane• Sb malnl•nance Gen8rAI office •xpon8 Actrvty delfvery 91$ AdrtIng & publi U¢CS & momber8lwps In8p•¢t f•è8 Insurance Bank charge8 Sundry Rofreshments Shop 8,909 7,263 7,607 33.113 2,*7 2262 13.298 4,942 175 8.602 Tot•1 2023 315.599 197,409 513.008 Page 23
LOCESTER OLrrDOOR PURSUITS CENTRE IA Company Lknttod by Gu•rnnts•) IIOTES TO THE FINANCIAL STATEMEIITS FOR THE YEAR EMDED 31 hlARCH 2023 ADatysb of •xp•ndIY• ty •ctlvltb•• l¢ontlnu•dl AD•ty•l of d11• ¢o•ts l¢onllnwd) Centre aclNits Aiknin Costs 2022 2022 Total fund¥ 2022 Staff costs Freelance instructors. tutors. ad4is•rn and Noms Training 178.e 9.841 180.105 338,711 9,841 4,116 4,116 3,595 3,815 4,281 Logal and wofoS8ional TrHn8port Rep#K8 and mglntenance Slle rn8intenancè G•n•Tal offlf èyn Athity de16very $1$ Advertlslng & Lhxnc•s & m•mb•rstr¥ps Inspe¢lion f•e8 In$Lnn¢e ank ¢harg•$ Surmlry Rthshm•nls Shop 3,815 4,261 6,985 8.985 40.458 1.361 3.371 2.355 9.010 4.700 338 3.962 1,825 40,458 1,361 3,371 9.010 4.7 Tot812022 281,n7 167,090 448,817 alyth of •upport ¢o•l• Admln costs 2023 Total fund• 2023 adlvlll•s 2023 Governance costs Prefflises cosls Depreualion knorti¥#tion 5.925 1,657 5,928 17,183 38,7S7 213 15,526 38,757 213 Total 2023 54.498 7.582 62.078 Page 24
LEICESTER OltrDOOR PURsvrrs CENTRE IA Company Lwnit•d by Guarant••} NOTES TO THE FINANCIAL STATEMEiirs FOR THE YEAR ENDED 31 MARCH 2023 ANly41s ol•xp•ndllur• by a¢llvlll•• lcofil1nd) An•ty•is of support ¢o•ts IGonllnu•d) C•ntr• aclwits A(knln costs 2022 2022 Total funds 2022 4,198 1.286 4,198 12,862 27,871 3,742 prem18 C0818 Dekytiuatic Am0.8&t)n 11.576 27.871 3,742 Total 2022 42.989 5,484 48.473 Gov•rn•nce colts 2023 2022 Fees payable to the Compan1$ Ind8pMdth examlnor lor IM lTrJèpend•nt examination of the Companys annual aGo)unts 6.222 3,623 Insuranc 703 575 10. Sl•ff costs 2023 2022 W89e8 ond 8alan.es Sodal socwrty ¢0slL4 Contrilxrtkin to defin8d trIbull pension sthem Frèglan¢e instructots. ttrtor8. aomsets arKI irtems 381,781 18.S11 8.129 14.14Q 319.323 14,647 4,741 9,841 409,561 348,552 Page 25
LEICESTER oUTDR PURSUITS CEiifRE {A Comp•ny Llnthd by Gu•rnfjt••l MOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 31 MARCH 2023 10. Sl•ff GO•t• IcoThtmwd) The average number of perSc$ ernOYed by the Company. excbJirvJ fredance in5tructor8, lutor athsors and interims, during tho was as fdIce.. 2023 2022 No. Ernpb>w8 No •mfv r•GobAd rémunerat mountirwJ lo morn Ih•n £80.LJNJ in •rfh•r yw. Th8 Chwlty consldgrs Koy Manag•mgnt Pwsonnd to MlS0 of Stuart Fraur, ChrSs Murnln, Davld Robin¥Jon, Katy Gro¢Nn. Tabilha Murr•TrEwlsh and Sto1 VincenL Th8 lotd amount paKI lo Koy Manag6m8nl Ptrsonntl 15 £181.84512022'. £135.463). Th• Tr1• r•c4¥d noi wib*d any 1wnwl1on dw•)g y12022.' £N¥D. Th• Tru3ltts hud no expenses r•imburn•d the y12022.. £NI). Furth•r rnbaled porty tran$tiM w• induded in note 24. Page 26
LEICESTER oirrDOOR PURSUITS CENTRE IA C(mpany Lkniled by Guirants•) NOTES TO THE FIMANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. Int•ngibh as¥•ts Wehlt• Coat Al 1 Aprl 2022 22863 Al 31 Marth 2023 22h53 Amortl••tlon Al 1 Aprl 2tr22 Charge for tho 22240 213 At 31 Mafch 2U23 22.453 N•t l)ook v*lu• At 31 M4fch 2023 At 31 Marth 2022 213 Page 27
LEESTER oiifDOOR PURsurrs CENTRE (A Company Lwnk•d by Guarnnt••l NOTES TO THE FIIIANCIAL STATEIIENTS FOR THE YEAR EMDEO 31 IAARCH 2023 11 T•nglbl• fix•d au•ts Prop•rty FIX •nd A¢tfvlll•• knprnTMm•nts Ilttlnu• •qulpm•nt Totsl Cmt or yU•lln At 1 Apdl 2022 AddMon8 203.140 11,243 40.1168 134A57 11,644 377.671 30.387 At 31 M8rth 2023 214.30• 10.668 1S3,001 408.068 Al 1 Aprfl 2022 Charge lor Ihe yr 11.971 10.387 21.987 7.669 104.243 20111 188.208 38.767 Al 31 Mar¢h 2023 72,386 126.054 226.966 N•t book valu• Al 31 March 2023 1421124 11,122 27,947 101,093 Al 31 March 2022 141,188 18,081 30,214 189,463 Cpital grènls received until 31 March 2020 wtre set off in full ag4th81 the $1 of tsnglble ILed assets in the in th• yeor of acqiM8ith)n of th• as8eL 11 D•btorn 2023 2022 F)3*entS and acced 12.320 21,049 12.320 21.049 Page 28
LEICESTER OUTDOOR PURsurrs CEPURE IA Ctynpany Uffllt•d by Guaranto•1 NOTES TO THE FIIIANCIAL STATEMENTS FOR THE YEAR ENDED 31 AqARCH 2023 14. Cr•dltor8: knunts f•lling du• wlthln •n• 2023 2022 1.383 other crodtto Acc¥uth d8ffjrred incwne 3,792 39.9 48.080 49A43 43.791 2023 D•f•rred Ot 1 Aprl R•s¢)Ur deleThed durtsvj tho y•ar Amounts rel&ad frtrfn pr•¥knw pldi 19.149 23.202 119.1491 28.878 19.149 128.8781 D•f•ff•d Sn¢om• at 31 Iluch 23,202 19.149 Al deferred Incune k8 due wthin on• yr •nd has be def•rr•J ai bt rdales to ntr9 po$1 year and. Pap 29
LEICESTER OUTDOOR PURSUITS CENTRE IA C¢n¥•ny Llntsd by Guarnnknl IIOTES TO THE FINANCIAL STATEMEIITS FOR ThE YEAR ENDED 31 MARCH 2023 i& stst•m•nt of fund• st•t•m•nt offund¥. ¢ury•nt y••r Blanca at TrnMf•rn 31 h1aKh lrnlloutl 2023 8•¢• At 1 AP 2022 ¢om• Exp•ndlturn unY••trIc lun Dmlgnatsd fund• Hlgh RO and Certh Dèvekjpment 121,000 72,000 200.000 O•n•r•l fund• Gra1 funds 166,60• 668,013 1636,3291 (82,6431 214.850 Toll Unrn•trlct•d lund• 293,60• 668,013 1636,329 {10.843 414,660 R••trl¢tsd fvnd• Balley Chwty Granl 0ca Kat&Kanu Sessl Julia ind Hans Rausing Grnnt Rolhen- Disakxlty Support Fund8d S•ssic Sga Bin Ih81r Absdl nIen Ouldoor Classroom & As$o¢lAted Fwllies 4719 260 04S 4719 280 23.066 {11,6901 3.146 164 3,140 1800 Slh14 119.7441 34.970 Page 30
LEICESTER OUTOC PURSUITS CENTRE IA Coftwany Llmltsd by GuarnTht•) NOTES TO THE FIIIANCL4L STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Statsm•nt ot fund• {¢onllnu•dl 8alanc• at 31 M•r¢h 2023 BalanG• at 1 Apr4 2022 Trnmfern Inllout) InGom• Expondlre Flx•d a•••tfvnd Caphal #let lund 119A63 (38,707 30J87 181.093 Tot•1 R•trt•d fund• 240.ln 3.3110 131,7671 10.643 216,063 Total of fun 671.313 1575,0861 6YI,713 Unr•¥lrf¢l•d fund• Unre8trlcled fvnds 8re 8¥alabie us• at Ihe ths¢rrtiCrfb of the Tru8t••s li furth•r4nc• of the g8ngral obiectsves of the Chartty and vthich hamw nol bgen dèslgnat8d for oth•r purpo4es. During the year £28,227 was Ir•nsfwred from 881ra•d to reslrthd fv•d •8891 funds for t purchase of fixed assets. D•8ignat•d fvnd• De8lgnted funds ¢ompTL unrestrkled funds that been set ashle ty the Tru8ta88 lor wticulalo rAifpo86s. The fjim and use ol each d•swJn•l¢d is 8et oul In thg Ml•s lo the finanoal 61al•menls. RMtrl¢t•d fun TM Bailey Charty Grant relates lo the of refurtiishms of th• changiw rooms and ¥howoTs. The Mosk4 Kat&Kanu SasL rd8tes to the of the Mosalc sessKm. The Julki and Hans RJsw¥J Grant rdal•s to tr furth of core ard owthead costs Incurrèd ty the Charity. Thg Rothen - Di8abiMy Supm Fded Session rle$ to th• funding of siywt for diBablY adlvluos lied out by th• Chwty. T1 Sga Bln r88 10 the pur¢hgse and Instslakn of a s•a bli. Tt Wheelchair Absad M•ntenance relates to th8 mawrtenm ofthg wh891tholr abseikng equipmanL Tho Outdoor Classroom and assodated f¥o¥liks rdatos to th8 makn18n of th8 (xrtdoor d088room d 088OC4ated b&s. P4è 31
LEICESTER OuT0R PURsurrs CENTRE IA ConwDy Lh by Guarnnl••l NOTES TO THE FINANCIAL STATEMEIITS FOR THE YEAR EMDED 31 hlARCH 2023 stst•m•nt of fvnd¥ IGoThtinu•d) Stat•ment of funds. prfor y•ar Balancè al 31 M8r¢h 2022 BaLqnc• al 1 ri12021 TTanBfèr8 jnlloull ilnrn•trletsd fund• DMlgMt•d fvnd• Plgh Ropes and C)tre 128,000 G•n•ral fvnd• Gwwral fvnds 136.078 562,(Th (441.757) I.718) 185.809 Tolal Unr••trl¢t•d fund• 2(YJ.078 562,(Th <441,757) {28.7181 293,809 Rvtrlct•d ld• Balhy Charty GMI MO81 Kat&Konu Sfj$si Jtllg 8nd Hans Rausing Grant Rothen- tX$thlty Support Funded Sasslon Sea Bin S•a bin Canoes and BA'B Frame DMS lunrfing Rafted c•noes VVheek*8lr Absell Mahtsngn IT EquIpfirt Kats K$ and D15 Outdoor CLqssrcom & Assttiated Facilbes LCFC 10.0(KJ {5,281} 4,719 250 42.646 (2501 (7,4501 IS.WJ4} 500 10 327$ 4204 {e4)4} 9W) 12.040) {4.378) (1.764) (1.686) {483) {4,949) 3.145 13151 (2.8801 716 4,378 154 (4,517) (1,0031 427 5.525 4,128 (1,318) 12.808> 17.844 84.140 127,8821 (22.708) 51,414 Page 32
LEICEsfER OUTDOOR PURsurrs CENTRE (A Cw•ny Umlted by Guarnrth•) NOTES TO THE FlldANCIAL STATEMEIITS FOR THE YEAR ENDED 31 IAARCH 2023 1& St#tsm•nt of fvnd¥ (contlnu•dl B•lan¢¢ at 31 March 2022 Bakne 1 Aprll 2LY21 Tran8f8r8 inlloull Inme Exp•ndrture Flx•d •#•t lund C8pltal a8861 fimd 167,708 127.6711 49.426 189,463 Tot1 R•1trkl fvndl 185,552 84.140 155.533) 26.718 240,877 Tot•1 of funds 385,630 646.146 (497,2901 534.486 l& Anal1* of n•t •u•ts b•lvM•n lynd• An•ly•l• of n•t •M•ts b•In fund•- ¢uTh•nt y••r R••trlct•d Flx•d u••t Unr••trl¢t•d lund• lunds fund# 2023 2023 21J23 Tot•1 fund• 2023 Tan•bh fred 86sets Currenl as18 Curronl lthllies 181.093 101.093 499.063 34.970 464.093 149,443) Totsl 2023 34.970 181.093 414,650 630.713 P•Je 33
LEICESTER OLrrDOOR PURsurrs CENTRE (A Ccryany Lknltsd by Gu•rnnts•l NOTES TO THE FINAIICIAL STATEMElIts FOR THE YEAR ENDED 31 MARCH 2023 10. mtysi¥ oln•t •ets between lund• lconlknued) ol n•t •u•ts Il¥m•n lund . ylorya•r Restrid•d assot UN•strict•J fimds fvnd$ 2022 2022 Total funds 2022 2022 TatvJibl• fri•d au•ls Intonglble fixed as•ets Curont ¥sMIs Current lioblft 189.463 189,483 213 388,801 143,791) 213 337.187 (43,791} 51.414 Totsl 2022 51.414 189,463 293,609 534,486 17. R•GonGlhllon of n•t mo¥•mnt In lund• to n•t •h Ilow fvom op•ratlng a¢tlvlll 2023 2022 N•1 in¢om• for the year <as per Statern•nt of Finan¢ad Admth) 96,227 148.858 AdJwlm•nts lor. Doprociation and impairmenl of tangilAe fixed •$s•ts (rh• 12) Amortlsatoon and impaiffliwrt of irangth f¢d ¥ts•ts (rth 11) irt•r851 Tcel¥ed (nots 5) Decrna88 h debtor8 Inote 131 IrKroase in cr•dttor8 {rth 141 31.757 213 1102) 8.729 5.662 27,671 3,742 11311 4.087 N•t c••h provlded by op•rntlng •¢Uwlll•• 148.771 193,B71 l& Analys1• of cuh and ¢••h •4ulvthnl• 2023 2022 Ca8h In hand 486.743 367.552 Tolal cash and ush •quiv*lMts 486.743 367,552 Page 34
LEICESTER oirrDOOR PURsurrs CEKfRE {A Company Umited by GuaAnt••l NOTES TO THE FIIIANCIAL STATEMENTS FOR THE YEAR ENDED 31 IW¢CH 2023 19. Anaty8i• of¢hangM In n•t d•bt A11Ap 2022 C••h Ilow¥ At 31 M•r¢h 2023 Cash al bank and in hand 317.552 119.191 481,743 7M2 119.191 486,743 I Contlng•nt A dalm h•5 8thmitt•d lo th• EnNYonmont c£fftws•tion i) res of lost ren whrfst $19nfftant w$ w¢rè undertaken dtsring 2018. A prelwninary proposal was mAd• by the EnNlronMenl A9arKy lor an amount of £28.998 whk was reO9n1Sed in income in th9 2021 accounts. Further i8ix3¥knns gr• stil ongtyng the Environment Age to 89r a ffin figur•. 21. CAptt•l ¢on¥nlim•nts 202J 2022 Contrct•d for but not prnvld•d In th••• IIMncl•l •lAt•m•nts Acquisition of tanglt40 fLx•d assats 3.219 21 P•n•lon ¢ommllm•nts The Charfty operate8 8 d8fln•d ¢cthbuJons penshjns xh¢rne. The assets of the scheme are held peratety from those of the Charlty In an Indendenty 8dminstered fijnd. The pgnslon eost ehargo rewwnts rrtrullorts payable by the Charity to the fund and amounted lo £7,534 (2022.. £4.741}. Conlributlons lotallng £Nil12022'. £NID vmre papble lo the hjnd at th• remrrfJ date. Op•ratkng l•as• commltsn•fits Al 31 March 2023 the Company had cunmMnents lo rnake fulur• minimum le•se paents undor ni ¢•ncelaLle Iyorating loa$os as fofos.' 2023 2022 Not latar 1 yw Latèr than 1 yw and not l•l•rth8n 5 years 1.998 2.520 11WO 4,518 Page 35
LEICESTER oirrDOOR PURsurrs CEimiE (A Company Umltad by Gurnts•) NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 WCH 2023 R•latad party tr•nsacdons InformatKJn ab(HJt relat pty tran8th8 and bolarKo5 we oullngd bglw. A Trustee 8rd his Chld w8s in the 4Jknbing chJ durirvJ the Jwr. The am¢)unts pad were al the sam• rale as 4ny other mombor ofthe b. A Trustoo paid for his io do a paddl•Srt C(XW8• durkng thè yw. The Amounts at the wne r41• as ary oth•r ¢th us•r on the ¢oww. Durkng Ihe year the Charity invoiced Mos¢ 1896 Ltd, ¥ Company in whi¢h TrtLstee Karen Cane is a director for room hir• a¢tNitw totslln9 £19226 (2022.. £7.298). Tho room hire wa8 Invoked at b8lrrrt mathel rale. 26. L•g•l ¥t•tu• o1th• Ch•rKy The Charty is a Company Imited by guar•nt•• has shar• P1th1. Ihbilty of each Trust•è8 member w) the event of wn¢knng up is limrted to £1. Page 36