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 LE￿ESTER OUTD￿ PURsurrs CEpmiE {A c(x￿nY 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 AI*JiCH 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$leg5 Report and a Trustses RepNt under Ch*ilthe Cornpany law. The Trustees confThi thal the Annual Report an¢J the finanGig1 statements of the CharitaNe Compary compty *ilh the c￿ttent statut{￿ r8quir•ments. the r8qUiT8m8nts of th& aritable companles govemiThJ d¢X￿M￿l 8r#J the F*owision¥ of the Slatèment of Recommonw Prxtlr ISORP) aF¢4i¢aUe to tharities preparing their aCC￿nts n acclyd￿ *ilh Ihe FIn4nd￿ Reportlng Standard applkable in the UK and Republk ol Ireland (FRS 102). SirrA the Charitable Conpany ¢walths as small und•r sec*on 382 of tho Comp¥ies Act 2C4J6. th• Stralgg R•pwt r8qulrod of medrtwn and larg9 ¢ompanles undèr the Companies Act 2C(6 (strateg￿ Report & Tru$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 CL￿s￿leT3110n lo gèneral guidan publlsl)8d by tho Chwly Ceknml$sK)n rdabng to pubk hrtht, Indudirq th• gL#dance 'Public berbgfit.. runnlng charty IPB2)'. Th& object and pnrKlpal of th• Charrtabkn Company Is tha of •dvenknre. ￿¢0110n and ltshure actbv5tl8s lo the re6kJents of Ld¢ostershlre and suThounding we88. Our approath io ftlfilh'ng this oW8cl romaSns urthangfjd from Ihe pr•vhxts yFar. fvl rangg ol facthtieB offoreil cgn be 8een on our web5tte.' b. Publlc b•n•fft •t4t•m•nt In pl#nning ow xbwil•s lor tho year ￿ kept tn mlThl th• Charty CcAnmlsth gUId￿ce on publk b•n•fft at our Tru81eei meelhgs. L•￿ster thrtd(¥JT Pur3urts C•ntre'LOPC' has o ml88kn to prowde ad¥antwous ￿perlènCes de$lgn•d to 811mul8le. •thK•t• & molfv¥te Jwng P8opkn a othern at #ffordatlg syth. In a 8•fe thalonging On￿ronM9n1. LOPC 18 de￿￿ng Ih• WttSeg. a¢lMlies and program$ lo m¢el tho l¢Kal n8ed as 1dentrf￿d through Ictal $tf8te9i•$ and foedback. Thls enable8 LOPC to offfjr oppO￿ltieS for local people lo engage in excithg and adventurous 8ctivibe$, th•wby creatin9 a sustsrn•bl• loc41 Communty faclty for al people of all 8998. A¢hh¥Mn•nts and •. Maln aehlovwnents of th• Con PuttirwJ th• ehalew of tho past few from ts c￿On￿5 pandeffl￿ us, th& C•ntro ha8 had 4 sy￿e$s1￿1 year yo￿8￿g back on deb.very of Core actp4ib&s for M￿tIPlE user groups, Indrwdu•l$ & families. Th8 Cenlre ha6 conlinued to develop educalicffial contgnt k*r 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$6ita for muhiple day8 at a time. r4theT than exdusTh* runr¥ng sirwje dtyNisfts as has amtomary to do. Page 1 LEICESTER OIITDOOR PURsurtS CEPmiE lAC￿TrY Umlt•d by Gu•r•nt••) TRUSTEES. REPORT IcoprriNUEDI FOR THE YEAR ENDED 31 PAARCH 2023 AGhi•v•mwth and p•rfornwnc• Icontinw •. Maln a¢hl•v•m•nts ofth• CfAnpAny l¢onllnwdl R•turning to cor• of 0$ a means of g￿￿￿lTrg 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 Be￿￿ff￿aenI kn lorns of 8upp)rting rt3 CO8t8. The management continue lo 5￿k firwwl wport frorn grnnl furthrs. •nd irbvestmenl lo help $•cu future succ*ss 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¢• $igrwg8 10 tho site was ￿p•j down & wood8n •ntrance that is far moro I￿k¥epI￿ with th& ru$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 r￿ge to en*lAe the Cwrtre lo operate tho *thery rangè as Iwts st￿ra￿ rnng•s. Over 30 tents w•r• purcha￿￿ to ueate a twrtod 80 that the Cantre (an pro￿d8 a resld8ntkg1 offer for ￿h0o15. Updallng fixturas on $bte, during Ihe pasl y¥ar th8 Cwtrfj has pur¢has•J a oven for the kttchon. An Arnerican style frhS99 1 froezor and remaini19 old bJnine8￿nt bulbs swwtrj to LED 4ghUng In lh• Contro. To irnpr￿ actmty promsion the Jaccts ladder was remowd aThJ a new v8rtical ¢ourst, which ha6 been named Glgdiator ChAle￿O, was purcha88d and installed on the high ropes CA￿TIO. The Centrn wrchased over 70 buoyanw lo rth•sh the paddl&sport •wixn•nl ar￿ 4 rth￿ air riflas to updat• axisling offw. The Centre ha8 al80 ¢f•at•d a r•lalk)n8hlp wlih a W plzza Ve￿0r to offer fr•$h wood-fired praa'8 a• calerlng offer fc*18ryr 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• Ch*itable 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 I￿reaS•d from £646k I2￿1-22} to £871k {2022-231. durirvj whkh tim• arno￿t ralatod to Donauons & le94¢ies feu froFn £112k (2021-22110 £18k {2022-231, ebryderthJ 8 demarKI for Oul&)or Acts¥￿.*$. Expendilwe increased fu the year u*irvJ to greater slaft costs 0)m￿red lo 2U21-22. National Living Wage ¢081 contirwje to incrnase year on wr and the Centre has to ensure that the￿ ￿)sts can b8 cover8d ty thè Incomtr ggn8r8ted. It hos bac￿• to abs(Mb ary furthgr in(xgase from rI￿S in ￿sIS imposed in th8 C•ntre, without P•88ing onto our custtyners, 08 ¥ll of the eosts th81 ¢tyJld h8v• been redU￿d w•r• th) 80 thè pandemi The LOPC hava con1n￿d to Ihe de4Ehynent 8ThJ trainlrq of new 0￿d00T InstructOf8 via the Institute of OLrtdoor Learrdng IIOL)'Othdw InsIn￿l01 ￿ent￿*shIp Scheme.. In January of 2022 the LOPC recriiled the large81 cohort ￿, wlth four new apF￿￿￿8 fvlnlng the team to compl•te tralnlng ro0* for th8 2022-23 sea$on. Th• development of ￿Ung peo* Teffl*n$ #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 w*s as part of ow efftjrts to SLVPOrt thg •n¥lronmgnl. During 2022. the LOPC h¥d ¢.150 ￿￿Nte*rS h￿p 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{rrD￿R 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 pol*es. Thi5 Cl￿S￿ratIon 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 aPp￿Pr￿1•. 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 $88n a risè #i energy costs and an Ir￿88$• 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 $tabilty in for the fvILrr•. ¥thith th8 Tru61898 win need lo enGure are approprt8lety managed. 11 is a￿￿1p¥tOd th8t future investh)•nt may need lo be drawn upon lo Support future ex￿fidrtUre al the Centre bui at this b'me thal 4$ uncertaln. Th• Trustee8 U￿'M￿l01Y wlsh lo malnl&n unreslriclgd rvseThei of M montr* exp•ndiluTe and be ¢autK*u$ aboth how appropTlats reMN•$ are investsd or maint4ined. Fro9 re8*W6 represents unwlrKted fur*Js 01 £414.650 less tangible and In14ng￿t #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 savr*ds acoJunt{s) or bond acco￿118), whore the maximum inveslmont is £8S,OW pw UK-r09￿ fln￿rIal 11111t￿￿)n. Is protecaèd under Fin•ncSal Ser¥ices Ccffipensatiw S¢lwnè IFSCS). I￿Or• th• Trusl••s have klant1￿d sufficient rnsem5 lo kNo8( M 18 eon8Klered Ih•t mow may ke deposit Into t¥Jndlsl or savings ￿0[￿11￿1 vthero Ihe inveslment ￿ gain the bgsl Intgrèsl r8les. It IB acceptod that th18 may moan haviry fvnd$ placed in an ￿L￿nI[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¢•rl*inti TM Tru8t06s ha￿ dixugs¢d all the rlsk8 to the Charltat4• Ccffipany Ol￿n9 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 unc*rt8lrty of hilama￿on￿l and th)mesllc markgls whlch are causing Pressure5 in UK ￿lI*.0n ratès. The Tru$te•s n•*d to btt mtndful that incms•s in inffl#tion pui pr•ssure on expendable income for many of the core Centre users. imp&t the abilty to pay lor sos￿on8 at the Centre. Thgro ￿ ongotrw rlsks from flooding although Ihgse are ￿ annual concern. bery basod on a flood pl•n, lo d•1• w• ho￿ b•¢n •bl& to to opernte tAtyth a redLThd ¢apauty n flood L7)ndit￿￿. SIn￿turnI 9O¥•rn•n￿ •nd m•n•g•iiwnt •. Con•lStulkni Th• L•l¢e$tsr Outdoor Purnutt C•ntr• Is wsl•rnd 88 • Chwrfabl• Company linrt•d ty guwantee and wa8 $Ot up by a Trusl deed. The Chafrtable Cofflp8ny was inco￿￿ted on 20 June 1997 88 a ChaTttable C￿npaNY by gvaranl86 and 18 therofore o)vemed by the IAemor8ndum ond Artides ol A$sociotion. Charrtgblg stotus W85 granted on 18 M¥rc* 1999. Prbor to irKorporth, Le￿$thr outd￿ Pur•u#s C•ntre opw•lry as a Charity 7AThlhln th• CK Trust. In the evenl of Ihe Charltablg b8kn9 wwnd w mombgrs arg rgqulrfjd lo I>)ntr￿ on amount not •x¢••ding £1. b. M•lhod• of appolnlm•nt ar •l•th of TnMt•M and Dlv•ctorn Th• mwogomenl of Chwrtlablg Compwry bs thg reBponsI￿￿Y (rf th8 Tru¥lo08 who olocted and Collopled undw the lem8 of TNst d••d. Appo¥￿mont of th• Tn￿le•S bB &4?￿rr￿d by tho M*noraThlum and Artid•i of Assod•lion of th• Charllat Ccrfnpany. Th• Tnmtths ar• ￿rt￿rIS￿ to *r4*)int n** Twst•è8 by f•golullon to 111 va￿d•S arf&lno durfng the y¢?r. Al the Trustees ofthe Chw61able Comp•ny w• Trustees ofth• Charity. Dwlng the pgst year the Chak of Tm51ees. Ann Ba￿1 51epp8d down from the rc4e. bul ￿nI￿lUeS in th? role of a Trustee. Ann hos been Chair of the Board of T￿￿ since 2016 and the Trusteès Ihank AM IN her commftment lo the role the m 6 ywrs. Tru$tg9 AThJrvw Pa￿8r ha$ bo8n voted in as the new Chair ol Trusl*e$. The Tru$te•$ 4$0 w•kom•d 3 Trustws during th• y. Chris Walsh. Cath8rfn8 James and Paul Wtth￿. P￿1 al80 lakes ￿ the vacant po8ttlcm cl Treaswer to fv Board ofTw$*es. The Trust￿3 thank Karen Hamptrfft for her efforts kn aC￿rate￿ recorthw the minute8 01 Ihe AGM Tru8tea mgeling$ Ihfcwhoul th• ￿¥r. All Trustees com￿•te an indu¢liM" and Tr￿1¢¢.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 G￿ra￿tr•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 Tr￿tIeS meet regulgty I￿￿r￿j the ￿r and arn rospcNlbie thè strateg￿ ilreclion #nd pcA￿leS 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 va￿e$ 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•n*nt T1￿ Tws¢••s h•N* a8s08wI ts major rlsks to the Chwil8t40 Comwy Is exFMed. in yrti¢ul•r tho8• r•lattd lo the O￿atiOnS fuwKes of th8 Charttabla Company and arg $911sflod that tha systems #nd prI￿dUleS aro in plg¢e to mrtwit èxposur• to m•ity visks. •. Tru•t•••' Ind•mnlll•• A8 pennmted uTrJ•r the Chwitatle ComponY8 ￿￿kI•S of Ass0(aatK￿. th• Chwttabk Compa)y has maintaln•d Insuraw ¥mI￿ntIr1d to £840 n relpecl d Tnalt•￿' dfi(*rs' labiltix wKwred in Connec￿On th• dl8charg6 of lh￿1 duti¢$. Th• In8Ur•n￿11 for 4 lo￿1 of £5LKI.(#XI. l. A¢knowl•dq•mnt• The Tru$lee8 would l*e to thank 01 of the Centrè staff and wlunt•ern rJ)nlSnu8 lo put In an •normou6 amount ol effort to make Ihe LOPC a CommurNty Centre of ¢)￿￿ce for the people of Laic•$l8r surroundlng area. Volunlters have dèvotsd many hours at the Cantr• lo make sure Ihol the adv￿￿$ njn snK*olhly and the g. Fln•ncl•l rl*k m•n•g•n*nt The Tnjstws have #8e8sed the m•igr rf¥k$ to wtr*¢h thè Chwit8ti1• Company is oxwèd. vi parti￿19[ those relaled to th* operalions and finances of the Ch¥rrt8t4e Company. ond are 8011sfied that sYSt￿n3 ond procedures org In place lo mib9ate expo$ure to the maTrx risks. LEICESTER oirrDOOR PURSUITS CENTrE (A Comp•ny Umll•d by Gu#rnntso) TRUSTEES REPORT IcoKfiNUEDI FOR THE YEAR ENDED 31 MARCH 2023 Plans for fvtur• porlod• LOPC VAII rwnakn commmlod lo ￿)nIlnual dg1w￿1ft kn order lo bg¢(¥ng a Centrg of (b)Ice for Guslomer8, staff and 4r*lunt¢•rs. The Centre has was Invo￿￿d n ddivery of the HAF (Hol￿aY Adiblty Sthem? d￿n9 Iho year for both Leicesler Cty and Ihe Cwnty. Logistics and tranS￿rt issues reduced the Wake in the scheme fr potenlial County p8rti(¥Ponls. re$￿ti￿j in fewer Ihan expethd nLThbers. Hc*4vevar. the Centre proved a popubr d•stinalion lor ath•r att•nd••s, res￿1￿￿ in wnmth•nt t*)th C•ntr• and th• Cty to in¥•st In incr•asiThJ opportunlty %there posslbbE. Th8 OutdcxK Instructor Apprent￿ShIp Sch8fft0 has n(M b￿1 wnning the p88t 4 yTaTS at the LOPC 8nd h•s helF*d lo support the educètfv)r￿I dèvelopment of PaOp￿ aspiring to bec￿rne 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 ne￿1 •quynenl a￿￿•t￿o fc* u8•. The Trustees and marwenl conlwiue ¢0 ashlè fin**ial M$ourc•s for thé replaeeme**l of the rw$ Gouw In Ihe future of Ihe Cgntre w Irwe wvj fKwKes pemii¢. Tr plwb IS to cixrtinu• to add lo th18 fund 0$ finan￿5 wrm Wllh 8mlJlOon to at the I fèasknilty of d*nolithlng thè •xl$lkng bjlkllng bulbjng a b8spoke Outdoor Centre kn 08-10 y8ars' lime. the manag8mènt gtart*J thè loThJ Pr1)￿81 of engaglng vAth pol•ntial $takehc4d¢rn lo build siwort lof tho fiAuf•. In the Jhort term, the Centre will continu• to in¥tst kn othw Pr￿ th•t win the Centre a bh of o fac lfft ... l.t. new slgnage has already l*d. as the on the Canoè L8￿Ch and ￿chery Ranp. AJ)olher polgntial wojoct Is rodg¥gh)F¥ngnt of tho ￿T-n￿O rwy. R•f•v•Thu •nd Admlnl•tradv• D•tsllB olth• Corryany. h Tru•t•M and Advlwl Tru•t• Mrn A Bop*dl. Chalr. unlil Nowmb8r ￿)22 Mr A D Pwker, Ch8*. from Nmmber 2022 MTS K Cane. Vke Ch￿r Mr P Wthn•ll. Tre¥$urer lappointeo 9 No￿nbel 2022> Mrs R S Palerson IAr K R Hampt Mr C Walsh lappointed 9 Nowfflbar 211221 Ms C Jamès lapp)in18d ? NoV8M￿l 20221 Mr A Vlnor (r051gngd 9 N0￿mber 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 Gu*rnnt•• TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 R•gist•r•d Offic• R•thdl Cirdo L0Ughbc*￿ Road Le1￿1¢1 LE4 5PN Company S•Gr•t¥y Mrs Fraur Account*nts MPLA Chart8r8d ACKr￿n1ants 11 Ueru$ Cwt Merthan PAtsh)ess P*k 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 C￿lIa￿le Companls indopend•nl ¢x8mlner3 • from MFL4 Ma¢lntyrg Htthon to MFIA. A rg8dutlon lo reappolnl MFN as Indgp&ndonl min•rs wil b• w0p0￿d 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 /,.Izo*S Page 7 L￿ESTER 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• r￿POnSIbL9 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 Tn￿1￿6 to prep*e 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$ Ir￿Ming resources and applution of resour¢e$. Incl￿41 its irthma and éxp•nditure. for that poriod. In preparfn9 Ihose fmancial 81atemants. Ihe T￿5100$ 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 appI￿able UK Accountww Stsndards IFRS 1021 hav8 boan folbxed, subjeca to any matertal d•p•1ures th8do6bd and expl&ned in th• fina￿181 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 rewxx￿1Jlg for kwplng •J8w4t• •cCoUnti￿ rgcords that we suffldent to and explaii the Compan￿$ transactions ar¥J &s¢lose with Te850nablo ac￿T4 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 ￿l￿gUardi￿j th8 assets of Iho Company ho￿ fw taking r•a$on8bl• $l•p8 for the pr•¥enfjon and delectlon 01 fraud and ¢)ther wre9￿ri￿¢S. Atvowd by order ofth• m•mtm of the 8o•rd ol Tr￿tIeS and ￿gned on it8 b8W by.. Mr A D Pirt•r Chalr of Trustees Dale.. Pag8 8 LEICESTER OIwll)0(￿ PURsurrs CENTRE IA Company Lln*led ty Guarant¢•) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDEO 31 AIARCH 2023 Ind•p•nd•nt Examin•rf* R•portts th• TnMt•M ol L*•thr Outdo¢x Purnuk• C•ntr• llh• Comp4ny'i I ryrt lo thè Chartiy Tn*l••s Cm my ex•ninall￿ rf ol the Company for thg >wr ended 31 M¥ch 2023. R•*pon•lbllltl•• and 8••l• of R•port A5 the Truste•$ ol the Company IBTrJ tts DIr9¢to￿ for purposes of Company kw) you arè responslble for the prep¥ra￿On of accounts wi ￿)))I￿nCe the requlrem8nts oftre Compan￿9 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 ¢aw￿rvI out my examlnallon I haim follÉMd Ihtr DIre￿IDn3 gI￿n by the Chanty Commi88*Jn und•r Sec￿ 145(51{bl of the 2011 Act. Ind•p•nd•nt Examkn•e• Slal•DWrt SinrA the Compan￿5 uyoss incom• •xc•eded £2￿),000 your oxamin&r must be a member of a l￿dY ￿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 ACc￿ntantS kn ErvJwKI Walm, IB offv11sted bodlei. I hava Complelod my •x•mkn*llan. 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•q￿red by ￿lfi0n 386 of1he 21MX Act: or the accounts do not wilh those re¢ord8.' or the a¢￿Un￿ do not compty I￿1h 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$KJ•rod as part cd an indep8ndenl ￿8m0n810n', or th• accounts have not been pr•parth1 wi aw)rdan¢e V*ilh Il* rnethods and p￿nd￿•S of the St•lemenl of RecommeThJgd Pradice for accounting and r•F¥yb'ng by Charilies applicable to Charilifrs preparing the aco)unts In a¢¢ord8nce wbth th8 Finanwl Reportng SI￿rd 8ppl*ablp in the UK and Republic of Ir¢l8nd {FRS 102). I ha￿ no con¢ems and ha¥0 wxojs no otlw matters in ¥bllh the examination lo wlith atl•ntion str￿ld be drtdm in this Teimxl in order to enable a prOF￿ undwslanthng of tht ￿c￿nts to be rg0th9d. This report 1$ ffl￿e 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 Exam*ierfs Report 8nd for no other purpos•. To tho fullest txi¢nl permitted ty law, l th) not accèpt c* assume r8spon￿blty 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 E￿qland 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 ExPEN1￿URE 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 ac11￿lIeS 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•ndl￿rnj 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 WK*Kles all gth8 and rwnlsed in Ihe ￿. The notes on pagos 15 10 36 forn) pwi ofthese tknandal $lalwnenis. P￿11 LEKEsfER oUTD￿R 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 I￿1r4 ¢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$891 f 15 15 34970 181.013 51.414 189,483 T¢X81 reslrlcted fvrwJ8 unle￿n¢ted fvnd$ 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 COmp￿Y 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$F*￿ibIIlI1es for comF*Jwy 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 r*me. Tho fmncld statsmrArt8 were apwoved and aulhorlMd for IS￿ by th• Trust0￿ and siwad on t￿lT 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 C￿h and •qulv•hThts at th• •nd olth• 18 ,743 367.552 Tho not•8 on pap8 15 to 36 form wl olthose finandal $l•lwnents Poge 14 LEICÈSTER OUTDO1￿ PURsurrs CEPrn4E IA Cthbyany Lkn¥t￿ by Guarant••l IIOTES TO THE FINANCIAL STAT￿ENTs FOR THE YEAR ENDED 31 IAARCH 2023 Gtnernl Inforn*tlon The Loieéslw Outdoor Pursi*ts Cerrtr• 1$ a Chaffiable Compary knited by guaranleg and reglslered In England aThJ Waks vMh Compan*s 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 Rec￿mMended Pr8di¢e •p￿IcaAe lo CharKSa8 preparfng th8lr accounts i) ¥K¢(¥da￿e with the Flnanc4* Rowlng Standard applicable in UK and Republ￿ of Ireknd (FRS 1021. Ihe Finan¢ial R•porbw Standard appl￿*19 in Iho UK and Repu￿* of Irdand {FRS 102) th? Comrw* Ac* 20Cb. L•k*st•r Pursuts Centre meets the dofinft￿ of • pjblic ￿neffi1 entity urbdor FRS 102. Assets and li8￿1￿￿8 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￿$￿tat￿N￿l Is Brttlsh P￿nd8 star￿ (Q and 58 roundad I r￿981 p0￿d. 12 Golng conurn Tha ffin￿l stat•m•nts have p￿p￿ed a going b•818. Th• Tw¥tfj•s havg ¢onside1￿ thè relevarrt informalion. K￿dIr9 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(m￿rn ba￿$ in preparlng the Tw8tees' Report and 8crwrts. 2A Inc4)m• Al Inecffiè b fecwised once Compony hay entillem8nt to th• incom•, it 1$ Pro￿bbtt that the income be recth¥gd And the 8mtyJnl ol irKL*ne receiwatA8 ￿ be m•a8ured MI￿tly. For donations to b• rè¢ognised Ih• Charity hav¢ notrf*d of the amounts and th8 Sett￿Ment dale. ff there are condthons attach¢d to the ￿￿tion and this r￿u¥e6 g hvgl of yrfomance befc*e irflement can bg oblaln8d thgn Inc£ffie IB deferred Unt￿ those ¢ondrtions are fulty mel OT th8 fu￿111ment of those ¢ondikns is witlun the Djntrol ol thè Charty and it 18 probabk thal they wll bo fU￿Ul￿d. or￿ated faciliti8s and donaknl wofessK*wI 8w¥ice8 are recognIs￿l 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 I￿11￿95 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 LE￿ESTER 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) Vltr*re pr•¢lK•ble. gft$ in kirwj donat8d tr distribub'on lo Ihe benef￿ar￿ of thè Charlty aro Induded n dtsnalions In the fmancid 8tatements upon rn¢e*L If rt18 knpr8dic*le to assess the fair value at r•cespt of rf tho Costs lo undertake * ￿luat￿ (Krtwelgh any baneffts, t￿n 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 d￿ened oNwr the lrfe of th8 asset. I￿0￿* Imm tr•thng xll¥its•s YKkKI•$ VKCAne ear￿1 from fvn(traising èvénts and tradlNJ acthAle8 to raise furKts lor tho Ch*#y. Inc£m• Is I¢¢etr￿d 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￿ l￿ditionS hawè b88n met, tt Is probable Ih81 the inccffie will b r￿QN￿l and tho amounl b8 measured rell*ty. 11 ￿t￿MOnt i• not m•1 th•n Ih•$• 9moL￿1￿ are dgforred. Inv•slm•nt Inc. we IrlO81ty r•cognit¢d al ¢x¥t. After recognttlon, under Ihe cost model, langwe fr¥ed assets are mèasured el c48t18ss accumulated depreCIat￿n and any a￿Umulated impBirmenl losses. Al inirred to brir4J 8 fixed as891 Into rts intended workNig condition should in tr* m•asuT8mnt of cwt. Deprocta￿n li charyed ￿ aB to crnl of *ible r￿ed aBsets le83 Ih8lr r•$ldLwI v8lue 0¥gr thdr e8llmaled ugdul Ir¥•s. Property improvements Fixtu￿$ and fftling8 Actmknes equipment 5% $tr8*hl Ilne 33% $lr4hl Ine - 20% or 33% straight Iv 19 D•bto Trade arKI cther deikn arn raryjgnlged at ts 801118ment amount after any trade thsc4unt offered. PrepayThents 8r8 val￿d at the •nwnl weFwd rnt ol any trade dlscounl$ due. Page 17 LEICESTER OIITD(￿ PURsurrs CEMTRE IA Conyany L*￿1•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 Lio￿l￿e8 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. Li9￿11￿•$ are rwnimd at the amount th•t th• Comwy •nt*pat&s pay to s•tll8 ￿ dèbt IY the ￿0￿￿11 hgs rxeived •$ a¢fvanc*l paym*Ats for th• or 8•rth￿ A must wo¥￿. Provijicffjs are me88ured #t Ihe best esbmate of the amounts r8quir8d lo ¥ettle the obl￿all0￿. Where tho effoct of the tkne value of money Is fflateiial, the Pfwsion 1$ bas•d on Ihe present value of thos 4m¢unts. 1*scount￿ at tho preThtax discc*Jnl rate that refiecls I1￿ risks specKlc lo tho li8bllNy. The u￿￿n11r0 of th• dixart is re¢ogrtJg¢1 In th• Ststem￿l ot F￿anCIal 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$i¢ fingntyal b)8truments. Bas￿ finan¢i81 instrumenls are inrfiaty recognised al tr#n88ctkin valu& and subsequenty measurtrd al th¢ir 6¢lV¢mw￿ value Iho oxc¢pllon ol loo￿ which are sub5equtnty moasurod al amortlsed coBt ￿n9 the elf•(IvM Nrt•re¥t m•thod. 113 Op•rntlng IH••• Renta18 paid under coeralhg lèa808 we tharged to th• Stat•m￿l of Fln•ro•l Acti¥lli88 on a strai line basis owr the leam lenn. 114 P•n￿Oft• The Company operates a defintd UYIlributW F4nsicm s(tsm* gnd the p￿S1On thargè ropro$￿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$9 al thg dl¥¢r¢lSon of tho Corrtre Manager, in consumation with the TNslees in fvrth*rw￿ of th¢ g•n•ral objectives of the Company Designated fvnd$ wnpris• unrnstrthd funds that tta¥• bean set agide by the Trust￿ for ParticU￿r 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$ing and adminislering such furKls aw ¢har9ed 49ainst the specific fund. The alm and use of each restricted 15 Set in th& nots8 to the finanoal siatwn¢nts. Page 18 LEICESTER 0[rrD￿R PURSUITS CEpmiE {A Coftwny Lin*•d by Gu•ranl••l IIOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ounling poli¢iM {contlnu•d) 115 Fund a￿OuntIng {¢onllThwl Inv•$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. Reslr*aod Unr•8tri¢thl funds fund$ 2022 2022 Totsl furKI$ 2022 JuNa and H￿S Rw¥iry Grant Job retention scheme grant Bailey Charlty Grant Kats Kanus Do¢* Fr¥me Grant LRCF tknatk*n8 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 PURsU￿s 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$trlctod nds 2022 funds Other income 5.971 5,971 pa￿21 LEICESTER oufDOOR PURSUITS CEMTRE (Acompany Lknit•d by Guarant* NOTES TO THE FIMANCIAL STATEMEMTS FOR THE YEAR EMDED 31 IIARCH 2023 An•tysi8 of eXpendI￿n on eh*rftal*i actlvltl•• Summary by lund typ• funds 2023 nd• 2023 Totsl 2023 Ire actNikn$ 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 I￿nt￿uld) 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$ Ad￿rtI￿ng & publi U¢￿C*S & 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•ndI￿Y• ty •ctlvltb•• l¢ontlnu•dl AD•ty•l* of d11•￿ ¢o•ts l¢onllnwd) Centre aclNit*s Aiknin Costs 2022 2022 Total fund¥ 2022 Staff costs Freelance instructors. tutors. ad4is•rn and N*oms 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•• lcofil1n￿d) An•ty•is of support ¢o•ts IGonllnu•d) C•ntr• aclwit*s 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 oUTD￿R 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￿$ ern￿OYed 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 ￿M￿lS0 of Stuart Fraur, ChrSs Murnln, Davld Robin¥Jon, Katy Gro¢Nn. Tabilha Murr•TrEwlsh and Sto￿1 VincenL Th8 lotd amount paKI lo Koy Manag6m8nl Ptrsonntl 15 £181.84512022'. £135.463). Th• Tr￿1￿• r•c4¥*d noi wib*d any 1wnw￿l1on dw•)g y12022.' £N¥D. Th• Tru3ltts hud no expenses r•imburn•d the y￿12022.. £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 LE￿ESTER 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 y￿U•ll￿n 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 y￿r 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 C*pital grènls received until 31 March 2020 wtre set off in full ag4th81 the ￿$1 of tsnglble IL*ed assets in the in th• yeor of acqiM8ith)n of th• as8eL 11 D•btorn 2023 2022 F￿)3*￿entS and acc￿ed 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&a￿d frtrfn pr•¥knw pl￿di 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• y￿r •nd has be￿ def•rr•J ai bt rdales to ￿ntr9 po$1 year and. Pap 29 LEICESTER OUTDOOR PURSUITS CENTRE IA C¢n¥•ny Llntsd by Guarnnknl IIOTES TO THE FINANCIAL STATEMEIITS FOR ThE YEAR ENDED 31 MARCH 2023 i& stst•m•nt of fund• st•t•m•nt offund¥. ¢ury•nt y••r B*lanca at TrnMf•rn 31 h1aKh lrnlloutl 2023 8•￿￿¢• At 1 AP￿ 2022 ¢om• Exp•ndlturn unY••trIc￿ lun Dmlgnatsd fund• Hlgh RO￿ and Certh Dèvekjpment 121,000 72,000 200.000 O•n•r•l fund• G￿￿ra1 funds 166,60• 668,013 1636,3291 (82,6431 214.850 Tol*l Unrn•trlct•d lund• 293,60• 668,013 1636,329 {10.843 414,660 R••trl¢tsd fvnd• Balley Chwty Granl ￿0￿ca Kat&Kanu Sessl Julia ind Hans Rausing Grnnt Rolhen- Disakxlty Support Fund8d S•ssic Sga Bin I￿￿h81r Absdl ￿nIen Ouldoor Classroom & As$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• Expondl￿re Flx•d a•••tfvnd Caphal #let lund 119A63 (38,707 30J87 181.093 Tot•1 R•*tr*t•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 ￿￿881r￿a•d to reslrthd fv•d •8891 funds for t￿ purchase of fixed assets. D•8ignat•d fvnd• De8lgn*ted 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 refurtiishm*￿s of th• changiw rooms and ¥howoTs. The Mosk4 Kat&Kanu Sas￿L￿ rd8tes to the of the Mosalc sessKm. The Julki and Hans R*Jsw¥J Grant rdal•s to tr* furth of core ard owthead costs Incurrèd ty the Charity. Thg Rothen - Di8abiMy Supm F￿ded Session r*le$ to th• funding of siywt for diBabl￿Y adlvluos lied out by th• Chwty. T1￿ Sga Bln r￿￿88 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 OuT0￿R 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 l￿d• 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 EquIp￿fi￿rt Kats K￿￿$ and D￿15 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 In￿me Exp•ndrture Flx•d •#*•t lund C8pltal a8861 fimd 167,708 127.6711 49.426 189,463 Tot*1 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& Anal￿1* of n•t •u•ts b•lvM•n lynd• An•ly•l• of n•t •M•ts b•I￿n 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 as￿18 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 I￿l¥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