Registered number: 04311391 Charity number: 1089516
BMC Access and Conservation Trust (A Company Limited by Guarantee)
Trustees' Report and Financial Statements
For the Year Ended 31 December 2021
BMC Access and Conservation Trust
(A Company Limited by Guarantee)
Contents
| Page | |
|---|---|
| Reference and Administrative Details of the Company, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 6 |
| Independent Auditors' Report on the Financial Statements | 7 - 10 |
| Statement of Financial Activities | 11 |
| Balance Sheet | 12 |
| Notes to the Financial Statements | 13 - 20 |
BMC Access and Conservation Trust (A Company Limited by Guarantee)
Reference and Administrative Details of the Company, its Trustees and Advisers For the Year Ended 31 December 2021
| Trustees | Matthew Bradbury |
|---|---|
| Dominic Oughton | |
| British Mountaineering Council | |
| Robert Nolan | |
| Emily Thompson | |
| Laetitia Sterling | |
| Tom McPhail (resigned 5 December 2021) | |
| Louise Stewart | |
| Richard Holland | |
| Matthew Hutson (appointed 26 March 2021) | |
| Rosanna Moore (appointed 26 March 2021) | |
| Company registered number 04311391 Charity registered number 1089516 Registered office 177-179 Burton Road Manchester M20 2BB Company secretary David Turnbull Independent auditors Hurst Accountants Limited Chartered Accountants Statutory Auditors Lancashire Gate 21 Tiviot Dale Stockport SK1 1TD Bankers Barclays Bank plc 876-878 Stockport Road Levenshulme Manchester M19 3BP |
Page 1
BMC Access and Conservation Trust
(A Company Limited by Guarantee)
Trustees' Report For the Year Ended 31 December 2021
The Trustees present their annual report together with the audited financial statements of the Company for the year 1 January 2021 to 31 December 2021. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The principal activities of the charitable company are:
(a) To promote the conservation, protection and improvement of the physical and natural environment by supporting access and conservation projects and programmes that both protect the cliff and mountain environment and the wider countryside and also promote responsible and sustainable use of these environments for the public benefit of walking, climbing, hill walking and mountaineering.
(b) The advancement of public education of awareness and understanding of cliff, mountain and nature conservation.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Strategies for achieving objectives
To achieve these objects, the BMC Access and Conservation Trust aims to:
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Support rural access and conservation projects that protect access and promote sustainable usage.
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Educate and raise awareness of conservation issues.
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Inform people about areas of ecological sensitivity.
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Research the benefits and impacts of mountain recreation and tourism.
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Train and support BMC Access and Conservation Volunteers.
c. Main activities undertaken to further the Company's purposes for the public benefit
We have referred to the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees have considered the activities of the Charitable Company as set out in the Objectives and Activities section above and the Review of Progress and Achievements in the Year and assessed their future plans. They are satisfied that the criteria for public benefit are comprehensively achieved.
Page 2
BMC Access and Conservation Trust
(A Company Limited by Guarantee)
Trustees' Report (continued) For the Year Ended 31 December 2021
Achievements and performance
a. Main achievements of the Company
BMC Access & Conservation Trust (BMC ACT) funds projects to protect our cliffs and mountains: for almost 20 years BMC ACT has helped to support valuable projects in the hills and mountains. BMC ACT aims to promote and safeguard sustainable access to cliffs, mountains and open countryside by facilitating education and conservation projects throughout United Kingdom and Ireland.
People can donate to the charity with the online donation facilities, enabling easier methods of payment allowing people to support BMC ACT’s valuable work. Donations can be made through one of the following methods:
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Bank Transfers
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Cheques
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Just Giving
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• Paypal
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Gift Aid
BMC members can also let the conservation of uplands in the United Kingdom and Ireland be their legacy, by donating to the charity in their will. Details are outlined on the ACT section of the BMC website.
Between 2020 and 2021, BMC ACT funds continued to support the BMC ACT flagship campaign Mend Our Mountains: Make One Million. The MoM campaign raised over £850,000 (including direct funding) with donations continuing to be made. The national parks themselves were also successful in running their own fundraising alongside the ACT coordinated crowdfunding campaign: all but 2 of the original 12 projects have now been fully funded.
No new applications for ACT funding were made during this period as a result of Covid.
The surplus for the year was £8,938 (2020: £29,910). This leaves funds carried forward of £85,105 (2020: £76,167).
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are free reserves of the charity, at a level which equates to approximately three months' operating expenditure. A reserve of £2,500 is considered sufficient since the charity has a limited amount of overheads but these are covered by the corporate Trustee, British Mountaineering Council, and this would allow the charity to react to changes in funding in a constructive manner.
Page 3
BMC Access and Conservation Trust
(A Company Limited by Guarantee)
Trustees' Report (continued) For the Year Ended 31 December 2021
Structure, governance and management
a. Constitution
BMC Access and Conservation Trust is registered as a charitable company limited by guarantee and was set up by a Trust deed. It is governed by its Memorandum and Articles of Association.
The Company is a charity registered in England and Wales and therefore non-profit making and its directors and trustees are volunteers. The company has been incorporated without share capital as it is limited by guarantee, to a maximum of £1 by each of its members.
b. Methods of appointment or election of Trustees
The directors/trustees are appointed by existing Trustees following a rigorous recruitment process to a skills and diversity mix. The directors/trustees also have the power under the governing documents to co-opt individuals who support the objects of the organisation.
c. Organisational structure and decision-making policies
Governance of the organisation lies with the Board of Trustees.
The board meets approximately five times per year. These meetings include the directors/trustees, supporting staff and the company secretary.
Minutes from the previous meeting, and discussion and/or decision papers are circulated before the scheduled meeting. The discussion papers are presented either by a director/trustee or a member of the supporting team. During the meetings, progress is assessed against strategy and plans and measured against targets. The current status of the planned work is considered and discussed with actions identified where necessary. The task of revising the organisational strategy began during the year and was considered in conjunction with the ongoing work programme.
Day-to-day management is predominantly the responsibility of the supporting team, who report to the Board of Trustees.
d. Policies adopted for the induction and training of Trustees
As part of their induction, new directors/trustees are provided with information about the charity, the management structure, its history and working practices. In addition, they are also provided with extracts of the Memorandum and Articles of Association plus information from the Charity Commission and Companies House regarding the duties and responsibilities of directors and trustees. Appropriate training is provided as required.
Page 4
(A Company Limited by Guarantee)
BMC Access and Conservation Trust
Trustees' Report (continued) For the Year Ended 31 December 2021
Structure, governance and management (continued)
e. Board of management
The directors and Trustees during the year under review were:
Matthew Bradbury British Mountaineering Council Dominic Oughton Robert Nolan Emily Thompson Laetitia Sterling Tom McPhail (resigned 5 December 2021) Louise Stewart Richard Holland Matthew Hutson (appointed 26 March 2021) Rosanna Moore (appointed 26 March 2021)
All trustees are volunteers and received no remuneration for their services during the year.
None of the Trustees who served during the year had any beneficial interests in the charitable company.
The Directors of the British Mountaineering Council at the date of the approval of the accounts were: F Sanders, F Alzetta, P Davies, M Hurn, P Salenieks, C Spencer, A Syme, C Worboys and R Murray.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 5
BMC Access and Conservation Trust
(A Company Limited by Guarantee)
Trustees' Report (continued) For the Year Ended 31 December 2021
Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:
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so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and
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that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.
Auditors
The auditors, Hurst Accountants Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Matthew Bradbury
Matthew Bradbury
Date: 30 Sep 2022
Page 6
(A Company Limited by Guarantee)
BMC Access and Conservation Trust
Independent Auditors' Report to the Members of BMC Access and Conservation Trust
Opinion
We have audited the financial statements of BMC Access and Conservation Trust (the 'charitable company') for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company's affairs as at 31 December 2021 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Page 7
(A Company Limited by Guarantee)
BMC Access and Conservation Trust
Independent Auditors' Report to the Members of BMC Access and Conservation Trust (continued)
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
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the Trustees' Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of Trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' Report and from the requirement to prepare a Strategic Report.
Responsibilities of trustees
As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 8
(A Company Limited by Guarantee)
BMC Access and Conservation Trust
Independent Auditors' Report to the Members of BMC Access and Conservation Trust (continued)
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Identifying and assessing potential risks related to irregularities
In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:
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The nature of the industry and sector in which the company operates; the control environment and business performance including key drivers for directors' remuneration, bonus levels and performance targets.
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The outcome of enquiries of local management and parent company management, including whether management was aware of any instances of non-compliance with laws and regulations, and whether management had knowledge of any actual, suspected, or alleged fraud.
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Supporting documentation relating to the Company's policies and procedures for: - Identifying, evaluating, and complying with laws and regulations
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-Detecting and responding to the risks of fraud.
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The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
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The outcome of discussions amongst the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
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The legal and regulatory framework in which the Company operates, particularly those laws and regulations which have a direct effect on the financial statements, such as the Companies Act 2006, pensions and tax legislation, or which had a fundamental effect on the operations of the Company, including General Data Protection requirements, Anti-bribery and Corruption, Charity Commission regulations, and Charities Act 2011.
Audit response to risks identified
Our procedures to respond to the risks identified included the following:
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Reviewing the financial statements disclosures and testing to supporting documentation to assess compliance with the provisions of those relevant laws and regulations which have a direct effect on the financial statements.
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Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud.
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Evaluation and testing of the operating effectiveness of management’s controls designed to prevent and detect irregularities.
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Enquiring of management about any actual and potential litigation and claims.
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Performing analytical procedures to identify any unusual or unexpected relationships which may indicate risks of material misstatement due to fraud.
Page 9
BMC Access and Conservation Trust
(A Company Limited by Guarantee)
Independent Auditors' Report to the Members of BMC Access and Conservation Trust (continued)
We have also considered the risk of fraud through management override of controls by:
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Testing the appropriateness of journal entries and other adjustments.
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Challenging assumptions made by management in their significant accounting estimates, and assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and
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Evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we would become aware of them. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
HABesantRoberts
Helen Besant-Roberts (Senior Statutory Auditor)
for and on behalf of Hurst Accountants Limited
Chartered Accountants Statutory Auditors Lancashire Gate 21 Tiviot Dale Stockport SK1 1TD
Date: 30 Sep 2022
Page 10
BMC Access and Conservation Trust
(A Company Limited by Guarantee)
Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 December 2021
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2021 £ 23,971 1 23,972 10,678 10,678 13,294 35,912 13,294 49,206 |
Restricted funds 2021 £ 10,805 - 10,805 15,161 15,161 (4,356) 40,255 (4,356) 35,899 |
Total funds 2021 £ 34,776 1 34,777 25,839 25,839 8,938 76,167 8,938 85,105 |
Total funds 2020 £ 35,659 2 |
|---|---|---|---|---|
| 35,661 | ||||
| 5,751 | ||||
| 5,751 | ||||
| 29,910 | ||||
| 46,257 29,910 |
||||
| 76,167 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 13 to 20 form part of these financial statements.
Page 11
BMC Access and Conservation Trust
(A Company Limited by Guarantee) Registered number: 04311391
Balance Sheet As at 31 December 2021
| Note Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total net assets Charity funds Restricted funds 12 Unrestricted funds 12 Total funds |
8,537 84,508 93,045 (7,940) |
2021 £ 85,105 85,105 35,899 49,206 85,105 |
20,045 59,062 79,107 (2,940) |
2020 £ 76,167 |
|---|---|---|---|---|
| 76,167 | ||||
| 40,255 35,912 |
||||
| 76,167 |
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Matthew Bradbury
Matthew Bradbury Rob Nolan Date: 30 Sep 2022
The notes on pages 13 to 20 form part of these financial statements.
Page 12
BMC Access and Conservation Trust (A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 December 2021
1. General information
BMC Access and Conservation Trust is a company limited by guarantee incorporated in England and Wales, company number 04311391. The address of its registered office is 177-179 Burton Road, Manchester, M20 2BB.
The principal activity of the charity is to promote and safeguard sustainable access to cliffs, mountains and open countryside by facilitating education and conservation projects throughout the United Kingdom and Ireland.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
BMC Access and Conservation Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
As the charity qualifies as small, it is not required to prepare a cash flow statement.
2.2 Going concern
The trustees have reviewed the circumstances of BMC Access and Conservation Trust and consider that adequate resources continue to be available to fund the activities of the charity for the foreseeable future. The trustees are of the view that the charity is a going concern.
2.3 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
All donations and gifts are included in full in the statement of financial activities when receivable, provided that there are no donor imposed restictions as to the timing of the related expenditure, in which case recognition is deferred until the pre-condition has been met.
Page 13
BMC Access and Conservation Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 December 2021
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
Page 14
BMC Access and Conservation Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 December 2021
2. Accounting policies (continued)
2.9 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Donations Total 2021 Total 2020 |
Unrestricted funds 2021 £ 23,971 23,971 11,458 |
Restricted funds 2021 £ 10,805 10,805 24,201 |
Total funds 2021 £ 34,776 34,776 35,659 |
Total funds 2020 £ 35,659 |
|---|---|---|---|---|
| 35,659 | ||||
4. Investment income
| Interest receivable Total 2021 Total 2020 |
Unrestricted funds 2021 £ 1 1 2 |
Total funds 2021 £ 1 1 2 |
Total funds 2020 £ 2 |
|---|---|---|---|
| 2 | |||
Page 15
(A Company Limited by Guarantee)
BMC Access and Conservation Trust
Notes to the Financial Statements For the Year Ended 31 December 2021
5. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2021 Restricted funds 2021 £ £ Project costs 7,534 15,161 Bank and crowdfunder charges 131 - Legal and professional fees 2,959 - Travelling expenses 54 - Total 2021 10,678 15,161 Total 2020 5,179 572 6. Analysis of expenditure by activities Activities undertaken directly 2021 £ Project costs 22,695 Bank and crowdfunder charges 131 Legal and professional fees 2,959 Travelling expenses 54 Total 2021 25,839 Total 2020 5,751 7. Auditors' remuneration Fees payable to the Company's auditor for the audit of the Company's annual accounts |
Total funds 2021 £ 22,695 131 2,959 54 25,839 5,751 Total funds 2021 £ 22,695 131 2,959 54 25,839 5,751 2021 £ 2,730 |
Total funds 2020 £ 1,939 153 3,229 430 |
|---|---|---|
| 5,751 | ||
| Total funds 2020 £ 1,939 153 3,229 430 |
||
| 5,751 | ||
| 2020 £ 2,730 |
Page 16
BMC Access and Conservation Trust (A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 December 2021
8. Staff costs
There were no staff during the year other than directors and volunteers who received no remuneration.
No employee received remuneration amounting to more than £60,000 in either year.
The key management personnel of the charity comprise the trustees who received no remuneration for their services during the year.
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .
During the year ended 31 December 2021, the Trustees received reimbursement of expenses of £nil (2020: £nil).
10. Debtors
| Due within one year Other debtors Prepayments and accrued income |
2021 £ 7,869 668 8,537 |
2020 £ 18,558 1,487 |
|---|---|---|
| 20,045 |
11. Creditors: Amounts falling due within one year
| Trade creditors Other creditors |
2021 £ 5,000 2,940 7,940 |
2020 £ - 2,940 |
|---|---|---|
| 2,940 |
Page 17
(A Company Limited by Guarantee)
BMC Access and Conservation Trust
Notes to the Financial Statements For the Year Ended 31 December 2021
12. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds Restricted funds Dorset Path Restoration Mend our Mountains Climate change Total of funds |
Balance at 1 January 2021 £ 35,912 277 15,161 24,817 40,255 76,167 |
Income £ 23,972 - - 10,805 10,805 34,777 |
Expenditure £ (10,678) - (15,161) - (15,161) (25,839) |
Balance at 31 December 2021 £ 49,206 |
|---|---|---|---|---|
| 277 - 35,622 |
||||
| 35,899 | ||||
| 85,105 |
Dorset Path restoration - Money was received from Rockfax donations between 2015 and 2018, which are being used to fund path repair work in Portland and some new bolting of climbing routes.
Mend Our Mountains – This is BMC A&CT’s flagship campaign to raise money for a range of vital upland path repair projects across Britain. A new campaign will be launched in 2022 with over 6 new projects – funding will be used to help buy path materials as well as equipment to make it easier for visitors / walkers to donate to path projects in our protected landscapes.
Climate Project – This is a BMC A&CT campaign to support peatland restoration work in the Peak District through Moors for the Future, to help reverse the impacts of pollution and tackle the climate emergency – specifically the money is being used to help purchase and plant sphagnum plants.
Page 18
BMC Access and Conservation Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 December 2021
12. Statement of funds (continued) Statement of funds - prior year
| Balance at 1 January 2020 £ Unrestricted funds General Funds 29,631 Restricted funds Dorset Path Restoration 831 Mend our Mountains 14,795 Climate change 1,000 16,626 Total of funds 46,257 13. Analysis of net assets between funds Analysis of net assets between funds - current year Current assets Creditors due within one year Total |
Income £ 11,460 - 366 23,835 24,201 35,661 Unrestricted funds 2021 £ 57,146 (7,940) 49,206 |
Expenditure £ (5,179) (554) - (18) (572) (5,751) Restricted funds 2021 £ 35,899 - 35,899 |
Balance at 31 December 2020 £ 35,912 |
|---|---|---|---|
| 277 15,161 24,817 |
|||
| 40,255 | |||
| 76,167 | |||
| Total funds 2021 £ 93,045 (7,940) |
|||
| 85,105 |
Page 19
BMC Access and Conservation Trust
(A Company Limited by Guarantee)
Notes to the Financial Statements For the Year Ended 31 December 2021
13. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Current assets Creditors due within one year Total |
Unrestricted funds 2020 £ 38,852 (2,940) 35,912 |
Restricted funds 2020 £ 40,255 - 40,255 |
Total funds 2020 £ 79,107 (2,940) |
|---|---|---|---|
| 76,167 |
14. Financial commitments and guarantees
The charitable company has no financial commitments or guarantees (2020: £nil) at the balance sheet date.
15. Members' liability
The charitable company is limited by guarantee and does not have share capital. In the event of the company being wound up, the members are committed to a contribution of £1 each.
16. Related party transactions
As at 31 December 2021, BMC Access and Conservation Trust was owed £7,869 (2020: £6,321) by its corporate Trustee, British Mountaineering Council. Funds and income collected by the British Mountaineering Council in the year totalled £1,548 (2020: £2,927).
Page 20
Issuer HURST Accountants Document generated Thu, 29th Sep 2022 9:17:07 BST Document fingerprint 02ae508008cdfd2028361587af61eb9e
Parties involved with this document
Document processed Party + Fingerprint Fri, 30th Sep 2022 8:17:46 BST Matthew Bradbury - Signer (38b368c7b04b43c05ac956b75d747c63) Fri, 30th Sep 2022 15:55:25 BST Rob Nolan - Signer (67305dc4804da1f7219565ee44429b5d) Fri, 30th Sep 2022 16:08:11 BST Helen Besant Roberts - Signer (f2af1f8c11efce2885fdb5414f1f909a) Fri, 30th Sep 2022 16:08:11 BST Joanne flynn - Copied In (565e9a13df673a6941bb2d3c1c7f699e) Audit history log Date Action Fri, 30th Sep 2022 16:08:11 BST The envelope has been signed by all parties. (82.30.251.26) Fri, 30th Sep 2022 16:08:11 BST Sent a copy of the envelope to Joanne flynn (joanne.flynn@hurst.co.uk). (82.30.251.26) Fri, 30th Sep 2022 16:08:11 BST Helen Besant Roberts signed the envelope. (82.30.251.26) Fri, 30th Sep 2022 16:07:58 BST Helen Besant Roberts viewed the envelope. (82.30.251.26) Fri, 30th Sep 2022 15:55:35 BST Helen Besant Roberts opened the document email. (51.105.11.199) Fri, 30th Sep 2022 15:55:29 BST Document emailed to hbr@hurst.co.uk (18.170.45.181) Fri, 30th Sep 2022 15:55:28 BST Rob Nolan viewed the envelope. (90.196.83.128) Fri, 30th Sep 2022 15:55:25 BST Sent the envelope to Helen Besant Roberts (hbr@hurst.co.uk) for signing. (90.196.83.128) Fri, 30th Sep 2022 15:55:25 BST Rob Nolan signed the envelope. (90.196.83.128) Fri, 30th Sep 2022 15:54:28 BST Rob Nolan viewed the envelope. (90.196.83.128) Fri, 30th Sep 2022 15:54:27 BST Rob Nolan viewed the envelope. (90.196.83.128) Fri, 30th Sep 2022 15:54:25 BST Rob Nolan opened the document email. (66.249.93.215) Fri, 30th Sep 2022 15:54:17 BST Rob Nolan opened the document email. (66.249.93.216) Fri, 30th Sep 2022 15:52:52 BST Rob Nolan opened the document email. (66.249.93.200) Fri, 30th Sep 2022 15:52:31 BST Rob Nolan opened the document email. (66.249.93.200) Fri, 30th Sep 2022 8:17:50 BST Document emailed to robnolan1066@gmail.com (35.178.93.8)
Fri, 30th Sep 2022 8:17:49 BST Fri, 30th Sep 2022 8:17:46 BST
Fri, 30th Sep 2022 8:17:46 BST Fri, 30th Sep 2022 8:16:52 BST Thu, 29th Sep 2022 9:24:18 BST Thu, 29th Sep 2022 9:24:12 BST
Thu, 29th Sep 2022 9:24:09 BST
Thu, 29th Sep 2022 9:22:33 BST Thu, 29th Sep 2022 9:22:33 BST
Thu, 29th Sep 2022 9:22:33 BST Thu, 29th Sep 2022 9:22:33 BST Thu, 29th Sep 2022 9:21:08 BST
Thu, 29th Sep 2022 9:21:08 BST
Thu, 29th Sep 2022 9:17:07 BST
Matthew Bradbury viewed the envelope. (185.81.195.61) Sent the envelope to Rob Nolan (robnolan1066@gmail.com) for signing. (185.81.195.61) Matthew Bradbury signed the envelope. (185.81.195.61) Matthew Bradbury viewed the envelope. (185.81.195.61) Matthew Bradbury opened the document email. (20.49.136.148) Document emailed to Matthew.Bradbury@neneparktrust.org.uk (13.41.66.112) Sent the envelope to Matthew Bradbury (Matthew.Bradbury@neneparktrust.org.uk) for signing. (185.20.130.146) Joanne flynn has been assigned to this envelope (185.20.130.146) Helen Besant Roberts has been assigned to this envelope (185.20.130.146)
Rob Nolan has been assigned to this envelope (185.20.130.146) Matthew Bradbury has been assigned to this envelope (185.20.130.146) Document generated with fingerprint 7730a22f38df967d971782b11e206a26 (185.20.130.146) Document generated with fingerprint 02ae508008cdfd2028361587af61eb9e (185.20.130.146) Envelope generated by Samantha Tingey (185.20.130.146)