**Charity number: 1132529**
**Company number: 07106449**
**(England and Wales)**
## **Mountainwise**
**Report of the Trustees and Unaudited Financial Statements**
**For the year ended 31 December 2021**
**Mountainwise Contents Page For the year ended 31 December 2021**
|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 2021**
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 2021. 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 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.
- Canoeing on the Medway river.
- Climbing - weekly sessions at Chelsea Academy climbing wall.
· Climbing residentials in the Peak district.
- Camping residential in Dorset.
Provision of the National Government Body qualifications through Mountain Training.
We provide training and assessment in the following:
- CWI - Climbing Wall Instructor
· CWDI - Climbing Wall Development Instructor
- RCI - Rock Climbing Instructor
· CWIA - Climbing Wall Instructor Abseil Module
· 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 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 2021**
## **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 2022 Maria Gandy
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## **Mountainwise Independent Examiners Report to the Trustees For the year ended 31 December 2021**
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2021.
## **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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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 2022
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## **Mountainwise**
## **Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 December 2021**
||**Notes**|**Unrestricted**|**Restricted**|**2021**|**2020**|
|---|---|---|---|---|---|
|||**funds**|**funds**|||
|||**£**|**£**|**£**|**£**|
|**Income and endowments from:**||||||
|Donations and legacies||44,753|-|44,753|72,162|
|Charitable activities|2|187,630|-|187,630|41,525|
|**Total**||**232,383**|**-**|**232,383**|**113,687**|
|**Expenditure on:**||||||
|Charitable activities|3/4|(173,029)|-|(173,029)|(170,098)|
|**Total**||**(173,029)**|**-**|**(173,029)**|**(170,098)**|
|**Net income/expenditure**||**59,354**|**-**|**59,354**|**(56,411)**|
|**Reconciliation of funds**||||||
|Total funds brought forward||69,844|3,942|73,786|130,197|
|**Total funds carried forward**||**129,198**|**3,942**|**133,140**|**73,786**|
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07106449
Registered Number :
## **Mountainwise Statement of Financial Position As at 31 December 2021**
||**Notes**|**2021**|**2020**|
|---|---|---|---|
|||**£**|**£**|
|**Fixed assets**||||
|Tangible assets|10|24,953|33,705|
|||**24,953**|**33,705**|
|**Current assets**||||
|Debtors|11|74,389|2,554|
|Cash at bank and in hand||78,841|45,004|
|||**153,230**|**47,558**|
|**Creditors: amounts falling due within one year**|12|(13,043)|(7,477)|
|**Net current assets**||**140,187**|**40,081**|
|**Total assets less current liabilities**||**165,140**|**73,786**|
|**Creditors: amounts falling due after more than one year**|13|(32,000)|-|
|**Net assets**||**133,140**|**73,786**|
|**The funds of the charity**||||
|Restricted income funds|14|3,942|3,942|
|Unrestricted income funds|14|129,198|69,844|
|**Total funds**||**133,140**|**73,786**|
For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance
- with section 476,
- The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
- 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 2022
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## **Mountainwise Notes to the Financial Statements For the year ended 31 December 2021**
## **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.
Duke of Edinburgh Award Expedition 84% 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 2021**
## **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**
|**Unrestricted funds**
_Duke of Edinburgh Award_
_Expedition_
Course fees
_Other educational activities_
Course fees
**osts of charitable activities by fund type**
**Unrestricted funds**
Duke of Edinburgh Award
Expedition
Other educational activities
Support costs|**2021**
**£**
176,100
11,530
**187,630**
**2021**
**£**
139,144
31,373
2,512
**173,029**|**2020**
**£**
30,015
11,510|
|---|---|---|
|||**41,525**|
|||**2020**
**£**
119,335
46,013
4,750|
|||**170,098**|
## **3. Costs of charitable activities by fund type**
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## **Mountainwise**
## **Notes to the Financial Statements Continued For the year ended 31 December 2021**
## **4. Costs of charitable activities by activity type**
||**Activities**|**Support**|**2021**|**2020**|
|---|---|---|---|---|
||**undertaken**|**costs**|||
||**directly**||||
||**£**|**£**|**£**|**£**|
|**Support costs**|||||
|Duke of Edinburgh Award|139,144|2,110|141,254|123,325|
|Expedition|||||
|Other educational activities|31,373|402|31,775|46,773|
||**170,517**|**2,512**|**173,029**|**170,098**|
|**nalysis of support costs**|||||
||**Duke of**|**Other**|**2021**|**2020**|
||**Edinburgh**|**educational**|||
||**Award**|**activities**|||
||**Expedition**||||
||**£**|**£**|**£**|**£**|
|**Management**|||||
|Miscellaneous|-|-|-|245|
|Subscriptions|822|157|979|1,973|
|Website and computer|-|-|-|482|
|Insurance|683|130|813|1,330|
||**1,505**|**287**|**1,792**|**4,030**|
|**Governance costs**|||||
|Accountancy fees|605|115|720|720|
||**2,110**|**402**|**2,512**|**4,750**|
## **5. Analysis of support costs**
## **6. Net income/(expenditure) for the year**
This is stated after charging/(crediting):
|This is stated after charging/(crediting):|||
|---|---|---|
||**2021**|**2020**|
||**£**|**£**|
|Depreciation of owned fixed assets|8,752|11,802|
|Accountancy fees|720|720|
|Staff pension contributions|1,501|1,459|
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## **Mountainwise**
## **Notes to the Financial Statements Continued For the year ended 31 December 2021**
## **7. Staff costs and emoluments**
Total staff costs for the year ended 31 December 2021 were:
|Salaries and wages
Social security costs
Pension costs
Charitable activities
**omparative for the Statement of Financial Activities**
**Income and endowments from:**
Donations and legacies
Charitable activities
**Total**
**Expenditure on:**
Charitable activities
**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**|**2021**
**£**
82,708
4,712
1,501
**88,921**
**2021**
4
**4**
**Restricted**
**funds**
**£**
-
-
**-**
(76)
**(76)**
**(76)**
4,018
**3,942**|**2020**
**£**
98,067
5,237
1,459|
|---|---|---|---|
||||**104,763**|
||||**2020**
4|
||||**4**|
||||**2020**
**£**
72,162
41,525|
||||**113,687**|
||||(170,098)|
||||**(170,098)**|
||||**(56,411)**
130,197|
||||**73,786**|
## **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 2021**
## **10. Tangible fixed assets**
||**Plant and**|**Motor**||
|---|---|---|---|
|**Cost or valuation**|**Machinery**|**Vehicles**|**Total**|
||**£**|**£**|**£**|
|At 01 January 2021|26,246|65,528|91,774|
|At 31 December 2021|**26,246**|**65,528**|**91,774**|
|**Depreciation**||||
|At 01 January 2021|20,999|37,070|58,069|
|Charge for year|3,049|5,703|8,752|
|At 31 December 2021|**24,048**|**42,773**|**66,821**|
|**Net book values**||||
|At 31 December 2021|**2,198**|**22,755**|**24,953**|
|At 31 December 2020|**5,247**|**28,458**|**33,705**|
## **11. Debtors**
|**Debtors**|||
|---|---|---|
||**2021**|**2020**|
||**£**|**£**|
|**Amounts due within one year:**|||
|Trade debtors|72,050|345|
|Prepayments and accrued income|1,339|1,209|
|Other debtors|1,000|1,000|
||**74,389**|**2,554**|
|**Creditors: amounts falling due within one year**|||
||**2021**|**2020**|
||**£**|**£**|
|Loans and overdrafts|8,000|-|
|Trade creditors|3,603|-|
|Other creditors|-|6,037|
|Accruals and deferred income|1,440|1,440|
||**13,043**|**7,477**|
## **12. Creditors: amounts falling due within one year**
## **13. Creditors: amounts falling due after more than one year**
Loans and overdrafts
|**2021**|**2020**|
|---|---|
|**£**|**£**|
|32,000|-|
|**32,000**|**-**|
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## **Mountainwise**
## **Notes to the Financial Statements Continued For the year ended 31 December 2021**
## **14. Movement in funds**
## **Unrestricted Funds**
||**Balance at**|**Incoming**|**Outgoing**|**Balance at**|
|---|---|---|---|---|
||**01/01/2021**|**resources**|**resources**|**31/12/2021**|
||**£**|**£**|**£**|**£**|
|_General_|||||
|General|69,844|232,383|(173,029)|129,198|
||**69,844**|**232,383**|**(173,029)**|**129,198**|
|**Unrestricted Funds - Previous year**|||||
||**Balance at**|**Incoming**|**Outgoing**|**Balance at**|
||**01/01/2020**|**resources**|**resources**|**31/12/2020**|
||**£**|**£**|**£**|**£**|
|_General_|||||
|General|126,179|113,687|(170,022)|69,844|
||**126,179**|**113,687**|**(170,022)**|**69,844**|
## **Purpose of unrestricted Funds**
## General
The provision of educational and recreational activities
## **Restricted Funds**
||**Balance at**|**Outgoing**|**Balance at**|
|---|---|---|---|
||**01/01/2021**|**resources**|**31/12/2021**|
||**£**|**£**|**£**|
|Out of the City, Into|3,942|-|3,942|
|the Wild||||
||**3,942**|**-**|**3,942**|
|**Restricted Funds - Previous year**||||
||**Balance at**|**Outgoing**|**Balance at**|
||**01/01/2020**|**resources**|**31/12/2020**|
||**£**|**£**|**£**|
|Out of the City, Into|4,018|(76)|3,942|
|the Wild||||
||**4,018**|**(76)**|**3,942**|
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## **Mountainwise Notes to the Financial Statements Continued For the year ended 31 December 2021**
## **Purpose of restricted funds**
Out of the City, Into the Wild
This fund is grantfunded and exists promote outdoor activity
## **15. Analysis of net assets between funds**
||**Tangible**|**Net current**|**Creditors >**|**Net Assets**|
|---|---|---|---|---|
||**fixed assets**|**assets /**|**one year**||
|||**(liabilities)**|||
||**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||
|_General_|||||
|General|24,953|136,245|(32,000)|129,198|
|**Restricted funds**|||||
|Out of the City, Into the|-|3,942|-|3,942|
|Wild|||||
||**24,953**|**140,187**|**(32,000)**|**133,140**|
|**Previous year**|||||
||**Tangible**|**Net current**|**Creditors >**|**Net Assets**|
||**fixed assets**|**assets /**|**one year**||
|||**(liabilities)**|||
||**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||
|_General_|||||
|General|33,705|36,139|-|69,844|
|**Restricted funds**|||||
|Out of the City, Into the|-|3,942|-|3,942|
|Wild|||||
||**33,705**|**40,081**|**-**|**73,786**|
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