Charity number: 1132529
Company number: 07106449
(England and Wales)
Mountainwise
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2020
Mountainwise Contents Page For the year ended 31 December 2020
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 12 |
Mountainwise Report of the Trustees
For the year ended 31 December 2020
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 December 2020. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To provide a range of educational and recreational activities such as the Duke of Edinburgh Award Expedition Programme in order to advance the education of the public, in particular but not exclusively in the subject of the physical and natural environment.
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Significant activities
Activities carried out in this financial period include the following:
Provision of Duke of Edinburgh Award Expedition Programme at Bronze, Silver and Gold level.
Provision of Wilderness Therapy outdoor activity residentials within a systemic family therapy context for adolescents with mental health issues and their families in Barking and Dagenham. The pilot scheme launched in 2018. This project, named Out of the City, Into the Wild, is founded on the principles of systemic family therapy, with a continuity of care for the families involved, and a Wilderness Therapy aspect. It is funded by grant giving bodies rather than local government.
Provision of outdoor residentials in conjunction with Families Forward, a division of the Adolescent Service in the Royal Borough of Kensington and Chelsea, which focuses on the care and rehabilitation of families at risk, utilising the principles of systemic family therapy.
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Canoeing on the Medway river.
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Climbing - weekly sessions at Chelsea Academy climbing wall.
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Climbing residentials in the Peak district.
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Camping residential in Dorset.
Provision of the National Government Body qualifications through Mountain Training.
We provide training and assessment in the following:
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CWI - Climbing Wall Instructor
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CWDI - Climbing Wall Development Instructor
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RCI - Rock Climbing Instructor
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CWIA - Climbing Wall Instructor Abseil Module
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ML - Mountain Leader Award
Provision of Technical Advisorship service to a number of indoor climbing walls in and around the London area.
Plans for the future
· To expand the Out of the City, Into the Wild project to other London boroughs including Islington and Tower Hamlets where social prescription is offered to patients presenting with depression and anxiety.
- To continue with all existing provision.
FINANCIAL REVIEW
Reserves
The reserves policy is that at least 6 months expenditure to be retained as reserves at all times. In this financial period the reserves were comfortably above this level.
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Mountainwise Report of the Trustees Continued For the year ended 31 December 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity's governing documents are its Memorancdumand Articles of Associsation.There are five trustees some of whomaredirectly involved in the day to day management of the charity.
The Mountainwise constitution is based on the following principles:
--Collective decision making. There is no leader, all decisions affecting the organisation are made collectively at meetings.
--This system requires that all members are to respect the decision making process and the decisions that are made whether they are in agreement or not.
--Tasks, roles and responsibilities are shared out in order to sustain the organisation
--A minimum of two trustees are required to ratify important decisions for the organisation. Decisions are made collectively at meetings.
Meetings are arranged as required except for the AGM which is held in December each year.
In addition to the scheduled meeting any trustee or member of staff can call an extraordinary meeting at any time.
If a trustee or member of staff wishes to call an extraordinary meeting, at least two weeks' notice is required. All trustees or members of staff can put forward any agenda item they wish for a meeting. The agenda is circulated two weeks before the meeting. Any trustee or member of staff can add an agenda item at the start of a meeting.
Quorum level is 3 trustees. If no consensus is reached majority voting is used to reach a decision. Minutes of the meeting are circulated to members within two weeks of the date of the meeting.
The trustees have looked at the risks and are satisfied that steps have been taken to mitigate them.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Mountainwise Charity registration number 1132529 Company registration number 07106449 Principal address 11 Allen Road London N16 8SB
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Billie Chan Maria Gandy James Hewson Harry Whelan Karen Long Independent examiner Andrew M Wells FMAAT Counterculture Partnership LLP 99 Western Road Lewes East Sussex BN7 1RS
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 22 September 2021 Maria Gandy
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Mountainwise Independent Examiners Report to the Trustees For the year ended 31 December 2020
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Andrew M Wells FMAAT Counterculture Partnership LLP 99 Western Road
Lewes East Sussex BN7 1RS
22 September 2021
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Mountainwise
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 December 2020
| Notes Income and endowments from: Donations and legacies Charitable activities 2 Total Expenditure on: Charitable activities 3/4 Total Net expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 72,162 41,525 113,687 (170,022) (170,022) (56,335) 126,179 69,844 |
Restricted funds £ - - - (76) (76) (76) 4,018 3,942 |
2020 £ 72,162 41,525 113,687 (170,098) (170,098) (56,411) 130,197 73,786 |
2019 £ 11,269 170,205 |
|---|---|---|---|---|
| 181,474 | ||||
| (218,782) | ||||
| (218,782) | ||||
| (37,308) 167,505 |
||||
| 130,197 |
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Registered Number : 07106449
Mountainwise Statement of Financial Position As at 31 December 2020
| Notes | 2020 | 2019 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 10 | 33,705 | 45,507 |
| 33,705 | 45,507 | ||
| Current assets | |||
| Debtors | 11 | 2,554 | 11,340 |
| Cash at bank and in hand | 45,004 | 83,827 | |
| 47,558 | 95,167 | ||
| Creditors: amounts falling due within one year | 12 | (7,477) | (10,477) |
| Net current assets | 40,081 | 84,690 | |
| Total assets less current liabilities | 73,786 | 130,197 | |
| Net assets | 73,786 | 130,197 | |
| The funds of the charity | |||
| Restricted income funds | 13 | 3,942 | 4,018 |
| Unrestricted income funds | 13 | 69,844 | 126,179 |
| Total funds | 73,786 | 130,197 |
For the year ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance
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with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
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records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Maria Gandy Trustee
22 September 2021
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Mountainwise Notes to the Financial Statements
For the year ended 31 December 2020
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Mountainwise 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 note(s).
Going concern
The financial statements are prepared, on a going concern basis, under the historical cost convention.
Statement of cash flows
The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charitable company is small.
Funds
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.
Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes.
Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.
There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.
Allocation of support costs
Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity,comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.
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Duke of Edinburgh Award Expedition 84%
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Other Educational Activities 16%
Taxation
As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.
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Mountainwise Notes to the Financial Statements Continued
For the year ended 31 December 2020
Tangible fixed assets
Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Straight line Motor Vehicles 10% Straight line
Irrecoverable VAT
Irrecoverable VAT is included in the Statement of Financial Activities, and is reported as part of the expenditure to which it relates.
2. Income from charitable activities
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Unrestricted funds | ||
| Duke of Edinburgh Award | ||
| Expedition | ||
| Course fees | 30,015 | 142,580 |
| Other educational activities | ||
| Course fees | 11,510 | 27,625 |
| 41,525 | 170,205 |
3. Costs of charitable activities by fund type
| Unrestricted | Restricted | 2020 | 2019 | |
|---|---|---|---|---|
| funds | funds | |||
| £ | £ | £ | £ | |
| Duke of Edinburgh Award | 119,335 | - | 119,335 | 168,107 |
| Expedition | ||||
| Other educational activities | 45,937 | 76 | 46,013 | 44,371 |
| Support costs | 4,750 | - | 4,750 | 6,304 |
| 170,022 | 76 | 170,098 | 218,782 |
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Mountainwise Notes to the Financial Statements Continued For the year ended 31 December 2020
4. Costs of charitable activities by activity type
| Activities | Support | 2020 | 2019 | |
|---|---|---|---|---|
| undertaken | costs | |||
| directly | ||||
| £ | £ | £ | £ | |
| Support costs | ||||
| Duke of Edinburgh Award | 119,335 | 3,990 | 123,325 | 173,402 |
| Expedition | ||||
| Other educational activities | 46,013 | 760 | 46,773 | 45,380 |
| 165,348 | 4,750 | 170,098 | 218,782 | |
| nalysis of support costs | ||||
| Duke of | Other | 2020 | 2019 | |
| Edinburgh | educational | |||
| Award | activities | |||
| Expedition | ||||
| £ | £ | £ | £ | |
| Management | ||||
| Miscellaneous | 206 | 39 | 245 | - |
| Subscriptions | 1,657 | 316 | 1,973 | 899 |
| Website and computer | 405 | 77 | 482 | - |
| Insurance | 1,117 | 213 | 1,330 | 4,685 |
| 3,385 | 645 | 4,030 | 5,584 | |
| Governance costs | ||||
| Accountancy fees | 605 | 115 | 720 | 720 |
| 3,990 | 760 | 4,750 | 6,304 |
5. Analysis of support costs
6. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Depreciation of owned fixed assets | 11,802 | 11,802 |
| Accountancy fees | 720 | 720 |
| Staff pension contributions | 1,459 | 1,115 |
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Mountainwise
Notes to the Financial Statements Continued
For the year ended 31 December 2020
7. Staff costs and emoluments
Total staff costs for the year ended 31 December 2020 were:
| Total staff costs for the year ended 31 December 2020 were: | |||
|---|---|---|---|
| 2020 | 2019 | ||
| £ | £ | ||
| Salaries and wages | 98,067 | 95,477 | |
| Social security costs | 5,237 | 5,057 | |
| Pension costs | 1,459 | 1,115 | |
| 104,763 | 101,648 | ||
| 2020 | 2019 | ||
| Charitable activities | 4 | 4 | |
| 4 | 4 | ||
| omparative for the Statement of Financial Activities | |||
| Unrestricted | Restricted | 2019 | |
| funds | funds | ||
| £ | £ | £ | |
| Income and endowments from: | |||
| Donations and legacies | - | 11,269 | 11,269 |
| Charitable activities | 170,205 | - | 170,205 |
| Total | 170,205 | 11,269 | 181,474 |
| Expenditure on: | |||
| Charitable activities | (211,531) | (7,251) | (218,782) |
| Total | (211,531) | (7,251) | (218,782) |
| Net income/expenditure | (41,326) | 4,018 | (37,308) |
| Reconciliation of funds | |||
| Total funds brought forward | 167,505 | - | 167,505 |
| Total funds carried forward | 126,179 | 4,018 | 130,197 |
9. Comparative for the Statement of Financial Activities
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Mountainwise Notes to the Financial Statements Continued For the year ended 31 December 2020
10. Tangible fixed assets
| Plant and | Motor | ||
|---|---|---|---|
| Cost or valuation | Machinery | Vehicles | Total |
| £ | £ | £ | |
| At 01 January 2020 | 26,246 | 65,528 | 91,774 |
| At 31 December 2020 | 26,246 | 65,528 | 91,774 |
| Depreciation | |||
| At 01 January 2020 | 15,750 | 30,517 | 46,267 |
| Charge for year | 5,249 | 6,553 | 11,802 |
| At 31 December 2020 | 20,999 | 37,070 | 58,069 |
| Net book values | |||
| At 31 December 2020 | 5,247 | 28,458 | 33,705 |
| At 31 December 2019 | 10,496 | 35,011 | 45,507 |
11. Debtors
| Amounts due within one year: Trade debtors Prepayments and accrued income Other debtors Creditors: amounts falling due within one year Other creditors Accruals and deferred income |
2020 £ 345 1,209 1,000 2,554 2020 £ 6,037 1,440 7,477 |
2019 £ 8,695 1,995 650 |
|---|---|---|
| 11,340 | ||
| 2019 £ 9,757 720 |
||
| 10,477 |
12. Creditors: amounts falling due within one year
13. Movement in funds
Unrestricted Funds
| General General |
Balance at 01/01/2020 £ 126,179 126,179 |
Incoming resources £ 113,687 113,687 |
Outgoing resources £ (170,022) (170,022) |
Balance at 31/12/2020 £ 69,844 |
|---|---|---|---|---|
| 69,844 |
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Mountainwise
Notes to the Financial Statements Continued For the year ended 31 December 2020
Unrestricted Funds - Previous year
| General General |
Balance at 01/01/2019 £ 167,505 167,505 |
Incoming resources £ 170,205 170,205 |
Outgoing resources £ (211,531) (211,531) |
Balance at 31/12/2019 £ 126,179 |
|---|---|---|---|---|
| 126,179 |
Purpose of unrestricted Funds
General
The provision of educational and recreational activities
Restricted Funds
| Balance at | Incoming | Outgoing | Balance at | |
|---|---|---|---|---|
| 01/01/2020 | resources | resources | 31/12/2020 | |
| £ | £ | £ | £ | |
| Out of the City, Into | 4,018 | - | (76) | 3,942 |
| the Wild | ||||
| 4,018 | - | (76) | 3,942 | |
| Restricted Funds - Previous year | ||||
| Balance at | Incoming | Outgoing | Balance at | |
| 01/01/2019 | resources | resources | 31/12/2019 | |
| £ | £ | £ | £ | |
| Out of the City, Into | - | 11,269 | (7,251) | 4,018 |
| the Wild | ||||
| - | 11,269 | (7,251) | 4,018 |
Purpose of restricted funds
Out of the City, Into the Wild
This fund is grantfunded and exists promote outdoor activity
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Mountainwise Notes to the Financial Statements Continued For the year ended 31 December 2020
14. Analysis of net assets between funds
| Unrestricted funds General General Restricted funds Out of the City, Into the Wild Previous year Unrestricted funds General General Restricted funds Out of the City, Into the Wild |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 33,705 36,139 69,844 - 3,942 3,942 |
|---|---|
| 33,705 40,081 73,786 |
|
| Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 45,507 80,672 126,179 - 4,018 4,018 |
|
| 45,507 84,690 130,197 |
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