Charlty number: 1132529 Company number: 07106449 {England and Walos) Mountslmv180 Roport of the Trnstees and Unaudlted Flnanclal Statements For th• year •nded 31 Docembor 2023
Mounta5nwlse Contents Pag For tho yoar onded 31 Oec•mb•r 2023 Ito2 Indep8nderrt Exarnknafs R8Wrtto thg TnAleeB Stat•m•ntof Financa81 thIMS8s ststem6nt ol Fln8Th1 Po¥ltK Notes to iho Fknal Slat•m¢nts 81012
Mountainwise Report of the Tntstees For th• yoar •nd8d 31 December 2023 The Tru8ts85. WIKI 8re also dIrt¢S for tho FW(688 cl cryntnY Iw. ha% Flor& in prasonting their report an¢J the finandal st8taments for the thwitatAe cornpany the 5Bar gNJed 31 Drnbel 2023. Th& Trustees have adopted thg proviOn8 of Accounbng and R$po"ng by chw7b Stai8mgnt of Rerrjrnm¢jÈd PradJ"c apFlthble lo charities preparing th&r accounts in accordanca with the Fal81 Repyting Standwd in the UK ReputAlc ol I1•nd IFRS 1021 leffectwe 1 January 20191. OBJÉCTIVES AND AcnvmE8 ObloctlvD5 nd alms To provide a rarYJ& of 8Th1 r&crèal gcti¥iti"88 8 ab tho LKJko of Edinburgh Award &xpadrtlon Prwamm8 In order to advan tha 8du(xdon of the pllc, In partk)JlDr txrt not exduth8ty Iwt thè subJ8ct af tk• phyc41 and naluTal 8nvlr0nffnL Th8 trus1886 ha¥e ccm61d8red the Charlty guhJ8rth pthjk Idi[¥ 11 9uidan¢¥ ubllr berfil.. JnnlrvJ a eharty IP821'. ACHIEVEMENTS AND PERFORIAANCE Slgnlflcant sc11¢0 Adivits8s carried out in this financi81 peri indude tr fcknblrp.. Pro¥A$ion ol Duk8 ol Edintwjfgh Award EXrt Prrsramrno at Bmnzo, Sfv•rand GJIY kn81. Prowsion ol outdoor residenliaL8 in cLmjunclKJn wth F•mls F¢ywarQ. a tlfvisk)n ol th• Adol8se8nt S&Nice In the Roy81 Borough ol K8nslngton 8ThJ Chd808, vthlch Iccu8 on thg r0 8nd r8h&JllrtatkJn ol f8mllbs at rfsk, utllslng the wlTrTrplg8 of SYStlC 18mlly th8rapy. . can1n9 on th• M•dway riv•r. . Cllmblng- weekty se8$6 8¢ Chelsea Kodemy cnt4rbJ wgl. Cllmtlno r861d8ntkg18 In the Peak dlBlrf¢t . Camplng residential in Dor8el. Prwgon of trè NO81 ¢>)V•mnftt Bo<ty QU81)n3 throw Mwntsin Trninirv. W8 provide treining 8nd a88ewnent in tho ffyrywNJ'. . CWI . Clirnbing Wall Instn . CWDI- Cllrnblng W811 Oevelowent InglnJ¢ RCI- Rock Climbing Instructor . CWIA- Climbing W811 Instructor Ab8811 ML- Mountaln L88der Award ProOn of Tethnkal Ad¥tsorthlp to a rnb•r of hwjtrx doj walls In and arrjjnd the London araj. Plans for tho fuDJ . To conllnue vAth aH e$11r¢9 provlsin. FINANCIAL REVIEbV Rasor¥eb Th8 res8rv•s polKy ts Ihat at ast 6 morrths endre to be retsin8d aB r888rv88 at 811 timaB. In this fin8nci81 p8ricd the *e5erves were comfctsbty above Ih48 level. 1of12
Mountainwlse Report of the Trustees Contlnued For tho yèar ended 31 Dacèmbor 2023 srRUCTURE. GOVERNANCE AND MANAGEII Gov8rnlny dOcent The Ch8rttV8 govemiThJ doNJnxnts 8rE menanM&7fj ArtidB5 of Asw(j¥atkn.Th wé five trus1 60fM or whomar$dlrecty Invoed In tho day day managem8nt ofthè ch8rity. The Mountalnwlse ccffl3b1u( i% based lh8 1rpkn. 011octive d8osion m8king. There i8 no ad. am 08us¥)ns afleth.ng ts c9niS80n mad8 rtIVelY at ma8n9$. -Thls system requir8S thal all membe[5 ar8 lo res Ihe di5ion Mar•j K(KE5s a1 the dedslons that artr mad8 whether they are In agre8rn8nl or noL -T88ks, rcAes and reSpObIles a shared in orderto sustain tho olgank ~A rninirnum of t%) tru5t8e8 requirod to r8tify imrM)rtanl deo"ss for ganiSat. D•cAw$ are made CLJllgctiv•Jy at rn88b'ngs. Meetg8 ar8 alrg•j as 8xcW AGM whK * h8bJ in Doc8ntsr bad) r. In addition io the scheduled rneeling any Intst8e Thrnb8r ol$18ff can c811 an oxtraordln8ry meeb'rg at any tlm•. M 8 iru$t88 or mernbar ot st&ff to cal an axtraordinary m&ating, al loast w88ks' node Is r•quk•d. tN8ts98 or mombors of staff rAn pul any agenda item th•y wrah for 8 rneetiry. &geja is ¢irculaled w¥aks b8foro the rneellng. Any tru5te8 or rnber ofstaff ean a(kl an ao8nda Mem at Ihe 8IBrt ol a meeting. fljorurn lev81 ts 3tnthos. If rK) eon$8nsu$ k8 rea mapt1ty is to r88th o dwwon. Mlnut•s of Ih• m00ts.ng 8re clrculated to rnarth wkthin weeks of Ihe date d th8 m8eb"rvJ. The IrustegB have k$d at thg rfsks arvj arg fied that have toen tsk8n to th8 REFERENCE AND ADMINISTRATIVE INFORIIATION Nam• of Ch•rtty Chaty r•9l¥tr•llon numb•r Company r•gl•tratlon numl)•r Prlnclpal addr••• 1132529 07106449 11 Alen Road N168S8 Tru•tM• The trust aThY offw3 8erwTrJ durNJ th8 y•ar arKI ¥nc• th• yoar eTrJ worn a8 fdlm.. M¥ Chan Maria Ga JAM H6*Yon Hary Wholan Karan Lorvj Ind•p•nd•nt •Mmln•r Andr M W8Ms FNiAAT Cntar0murn Patharslip LLP 66 HKJh Str8•t East Su85gX BNT 1XG ApFYovgd by th8 803rd of TnJste8s on its bghair ty Maria Ganty 2of12
Mountainwise Independent Examiner5 Report to the Trustse8 Far the year ended 31 December 2023 I reportto the trusle86 cm my examination ofthe acoyjnts c¢thg WMpY for lh8 31 Dgcnbar S)23. R•$pon$lbllltl88 and basS5 of r•port As the chanty Trustees, who are also director5 for the wrKKoe8 cnpartY l¥. •r¢ $'t4¥ for thè weparation of the 8(xounta In 8CCLYd0nce wllh the rewlrema)ts oflhe Compan1&5 AL# 2(Th Cth8 21XJ6 Acl. Har2 satisfied rny88W thal Ihe arfjwnts of the CrynpAny to t atyjltwj undw Part 16 of Ihe 2(KJ6 Act and Are ellgiblè for indeFendent exarninaiKJn, I rerKwt kn of my examinallon of charitys acttunts carrted out under 8Ction 14501 the Charities Act 20111I1 2011 Acfl. In ¢arryN¥ out my gx8rnination I have Ction8 glv&n by th& Charlty Commi8sk)n LsNlef secthn 14515Mbl ofthe 2011 Arl Indopend•nt •xmln•Y¥ ¥tat•m•nt Sinc8 the CharitaÈ49 o)mp$ny's in¢•rn èxceeded £2S).(XXt, ur examiner be a memb8r of a booy li8ted in secllon 145of the 2011 Acl. I clmi that 1 8m qual lo undwtske the e¥amlnallon by of rny membwBhlp of A9S0e48tion ol Acxounbng Technioans. ch is ono of the Istsd botheB. havè cornFlttÈd my èxarrin8tion. I ccrfmi that mattws o)m8 to my attentKffl in cLJnnection with Ihe examw)al'on giving me ¢au$o ¢0 bolle th81 kn any mol¢n4 rwL 1. a¢unting records wero not ker4 in rnspecaof Ihe Company as f•quir•a by seth.on 386 oftho Xl)6 fvd,. or 2. the accounts do not ac£ord wth tIM)se records: or 3. the accounts do not cornpty with the rewirements of s•c4Ion 396 dth• 28 Ael oth8rthan Y r•qulr8mont that tho 8ccounts glvo & Iwe and falr vbew. %thlch Is no¢ 8 mattgr conwgd as ol An Indepor¥Jont èxamln8tw)n". or 4. th• accounts have not bo8n in accK)rdance with the m8ttbJds and princiF4es ofthe STnt ol R8cDmm•nd•d Pr4ctiC8 fDr accountlng rgportlng by tharlll•s applcable tr) chathth preparing thwi accounts in accordanc8 wlth th8 Finartial Fl•porUng St8nd•fd spF4K•b In Iho UK and Rowb1 of IrelwKI IFRS 12 I have no havg ¥¢rw no othèr rn8tt8rs In connKOon lth tho 8xamln8don to vthlth 8tt8nkn shId be drawn in thi¥ rwrt in ordw to •n8bl• 8 und•r8t8Th1ing ol th8 to b• r•achod. drew M Wells FMAAT Counl?rculturg P¥rtnirshlp LLP 66 High Str88¢ E96t Su8sex BN71XG 3of12
Mountalnwlse Stslemont of Flnanelal Activibes (including Income and Expenditure A¢¢ount) For tho yoar ended 31 D8c•mbor 2023 2023 2022 fvndl Charitable &livittes Total 284.659 284.659 245,355 245.355 ExndItUr0 on: Charitsble activitss Total 1262.1n) 12611ni 13.9421 13.9121 1286,1151 1266,1161 1231.9851 1231,9851 Il•t IneomW•xp•ndllw• R•¢on¢lllatlon of fund• Total funds brougthl forvard Total fvnd4 rrd fowward 13.9421 11544 13.370 142.568 3.942 146.510 133,140 146.510 105.054 164054 4of12
R•Jistared Number.. 07106449 Mountslnwlse Statement of Financial Position As at 31 D0mber 2023 2023 2022 Flxed a86ets Tangibl8 a&8ets 10 10.884 17,567 10,884 17.567 Cunnt a•••l• Debtors Cash at bank and Sn hBnd 11 9,621 150.370 159.991 15,8211 5,051 147,892 152,943 124,1XQl ¢r•dltor•.' amounts I11 du• t•lthln orn yr 12 N•t ¢urr•nt au•ts 14ITO 166.054 128,943 14&SI0 Total o•••¢• l•u CU•nt li•billtl•• N•t a•••t• 105,054 14&510 Thè funds of th• charlty Restrkcled income fvrvJ$ 13 3,942 142,568 Unr•strict8d Incorne lunds 13 165.OS4 Tot•1 lund• 185,054 146,510 For the yoar vnded 31 Dewnber 2023th• compary wa• til9d lo exbmO¢)n from audit und8r sedcfi 477of th8 Cc4np8nies Aci 2006 Telatkng to smal ¢ompons. The rnernbers have not requlred th? c¥Jmpgny to obtskn an audrt of rts a(x¥)unl8 ts Ihp yeor in quothn In accordanc• th 8ectKJn 476. Th• truste•8 8ckthledgè thelr reskbIllts.9fj lor wnth.ng ?th tho wuiftynents of tl* A¢t with r06POL# to accounting record8 end th8 preparaOn ol Accounts. These acAxwnts have ba pr#parnd In aLydanCe the prOvIon$ ¥ple#bta to compani88 subject to the Sm1 ¢crtwanie8' wm•. The flnanclal siaternènts werè approved and authorfsed forlssue by the 8oanl sb)ed on rts behalf by. 5of12
Mountainwise Notss to the Financial Statomants For the year ended 31 December 2023 1. A¢¢ounting Pollcio• Ba•ls of a¢¢ounllny The finanoal statements hav8 Fryar8d under lh• htstorfLal ctht c¥)nvantion. exceptfor Investrn8nts whlch are Induded at Maet value and th• r•vdua0n olcart8Sn fthy assets and In aco)rdance Charitl8s SORP IFRS 1021'Ac£ounting and Rerx)rtir by Charflles.. Statement of RecxJmm8ndÈd Practic apph¢ab to carits Prepari their accounts in 8¢cordance with the Finanud ReFX)rtitvJ Stwdard aprAi¢abl8 in th8 UK end ReputrAic of Irdand IFRS 1021 lelfec1ive l January 20191.. FInarla1 Reportw Stsnilard 102 th8 Financid ReportiTrJ Standard appCable in the UK 8TrJ Rfjpublic of Ireland IFRS 102). and the Ccmpani8s 2& Mwntsirwise m881¥ the dgfirx1l (la wtlic benoft onbty FRS 102. A580ts and bblify'95 Mibaly recogni at Nstorknd LX>St or tr8nsBLon valu8 urless Crth8Th¥i88 stst8d in ts rvart aLrLtirvJ nS). Oolng ¢on¢•rn The finanrial statements ara wepar•J, cffj a n9 corKem basls. WKlerthe histOliL cc6t t?)nve. Slat•m•nt ole••h Ilty•rt The Trustees hava taken advantage of lh8 in SORP FRS 102 from Indudlro a cash fvjw slat•m8nt In the finan¢ial StonI$ on tho gffU)d8 thal th8 ¢thenl0 c(ffipany o snall. Fun The charity m8lnl8kn8 8 98n8ro1 unrestrkkny hmd repTrsenls fvnd5 whth are gXP8nd8ble Bt Ihe dls¢relDn ofthe tnntee8 in furtherance of the c4)jects ofthe thBrty. Swh may be held in lo financ both woth'ng c8pitsI and pltal In¥ Dedgnated fLVbd8 tomprl•• trf unrBslrlLd furvJ¥ thBI havg b88n #•t a¥kl# by thè TrLLSt808 fr)r parfj¢)Jlèr purposa8. Restrtctgd furKls have been provhjed to the clierfty for pwU¢yAar pwpoge8. a1 tt18 th9 Olcy of the board ol trustee8 10 Cerefully monltor the •ppllc•tkn fvrvJ8 In accordance the r06trkV¢yJ& plac•J up)n them. There b no fonn81 pclty of Ir8n8fer betrAwn on ts alOlj0 ofluiKl& lo des frJnd8, otr 1han that d88cribed above Incornkng reUr¢ All incoming r8$0urces aro indj in th? offThrKial Whb I Chty •nbUèd to Ihè ine4m• And Iho 8rnount be qu8nlifi8d wMth rea8onatrJe r. R••1 •xp•nd•d Liabilitias are r•tc3nisèd As rès¢ eXlèd thérè 8 1&381 or ts)n81ftts.Vfr c)mmrtb"ro th8 Charity to the exp8nditure. Jcauon ol SUpF ox)8ts Re8ourc•6 expended are allocaknj to fv lwIraty Iho ¢¥)st rty dir8dty to Ihat arthity. Howwor, th8 cost ol overall direcdon and admu)istratk)n ofeath activty,)rnPnq fv salary and obBrh84d co8ts ol IhB centr81 functDn, is aFgoitioned the fdlow'ng basis an 051ma. ba8•J cfi Staff Ime, of the amwnl attrlbutsb to eech athty. Duke ol EdlnlyJT9h Aw8r(l Expgdit other Educ£tbJn81 AdM'be¥ 84% 16% Taxatlon AS 8 r89islered ¢h8rity, the (xmp8ny 1$ gX8rnPt incomè aThJ cc¥rNab"on tax to the exlenl that ils incDrne and gain8 are lo dnIJIe purposes onty. Va8 PAld8d Tax is rvA iecoverabk by the rxynpany. and is thefOre induded in rele¥ant cosLs in Ihe Stslwngnt of Fnarwial Athkngs. 6rf12
Mountainwise Notes to the Flnanclal Ststements Contlnued For th8 yéar ended 31 Damber 2023 TAngIo ass•ts Items ol equipment 8rg eApltsllsed where Ihe wrcha58 8xc8eds £1.1. Depr8Thabon rA)sts are alktated b) 8Ctwth6s on the basis of usg oItIKg tslalod assots in Ihose a&1&s. knots are vIed for impaim)ent Tan9ible fixed assets. other than freehold FarKJ. are Statad at ct4t v*uation bs5 deKthation and any prow&on for impairm8nl. Depreclati 18 prowd8d at ratèts cakulat•J trj te off th8 Cost or vthation of fL¥éd ass8ts, lass their stlmoted resldu81 vakn. ov8r Iheir eXPted wlul Ives on th8 b85i5." Computor w4uiprnt th)tor vehid 20% straight1• Straight line Irr•¢ov•rablo VAT Irrècovèrabla VAT L8 Indud•d in the Ststemont ofFinanrA81 ALqM"ts8, 8TrJ 18 f8POrt•J As part ofthè •xw7diiuro to which it relate¥. 2. Incom• frorn charbtablg •cUvltb•• 2023 2022 Unr•8lrl¢t•d Duko ofEdInbU Award Expsdltlon cours• f888 OthgreGIu¢gtlono18Ctlvftl 239.945 213,391 Cour39 lèè# 44,714 31.964 284.65• 245.355 3. Co•ts of chorltabh •ctlvltSD8 by fvnd typ• Unr••irl¢i•d fvndl R•strl¢t•d nd• 2023 2022 ko Of Edinbjrgh Awa Expedib'on Other educ0tn81 gthb•8 206.027 3,942 209,9 169.491 46.398 9,748 46.398 9,748 49,226 13,268 Support costs 262,1n 266.115 231.985 7of12
Mountainwise Nots$ to the Fin•n¢lal SLthments Contlnued For thè and 31 Drnr 2023 Costs of ¢harfitabh a¢tNitiM by a¢tivlty lyp• Swpport sts 2023 2022 und•rtsk•n dwocty Duke ol Edinburgh Award Exwdikn'on Other 8dwthJn81 8.188 218.157 180.605 46.398 1.560 47.958 51.380 256.367 9,748 266,115 231.985 J. Anoly•ls of •uppwt colts Duko 01 dlnl>uTgh Awa Exp•dtt 2023 2022 •duGatlonal staff costs. pensi¢ contribulKJn8 349 Subg¢rfption8 Inwranc• 1,030 8.436 2,507 9,533 1,831 11,713 2.1C 7,512 IA31 Flnan Fln8rKe 19 23 untsnLy f90¥ Int8re8t PSy8b18 t25 782 792 763 125 782 8.188 1.560 9.748 13,268 8of12
Mountainwise Notes to the Financial Ststsments Continued For the year ended 31 D8rnb•r 2023 6. N•t in¢om•ll•xp•ndEiur•l for th• This is stated 0fterchorgw)ty(eredI'. 2023 2022 Depr8c1aon LOdIsxod oS88ts AccOuncY f88$ staff p8ndon contrbutkjns 7,386 792 5,789 7. Staff ¢o•ts and •rntslum•nts Total Staff costs frthe year ed 31 Decorthr 20rJ we". 2023 2022 Salaries and w8g88 Soual security costs PeTh610n coats 84,308 15.787 5.802 89,123 3,285 5,789 104877 98.197 2023 2022 Charitablo ac1fvo$ No 8rnploy•è eamsd more than £60,0 during tht y•ar12023thdl. The lolal empbygo b¥rrrts indu¢Jing pan0Th contsibul¥)ns ol th¥ kgy m89ment perwnnel were £109.952. 8. Tru•t•• r•mun•ratlon and r•latod p•wty tr•nu¢Uo TM) Irusloes pakj for thwr $8f¥iC85 to thtr ¢h8rity12023:42.4831. The charty trust not pakl ts thlef r(46 8$ iru•tee812023fnlll. 9. Compara for th• 3t•t•rnont of Flnanclal ActlvlU•s The comparafve yearvalugs on th8 Stgtem8nt of FinarNial A(*vrtes argfor rSLted fvnds. 9oft2
Mountalnwlse Notes to the Financial Ststemonts Continued For thg year ended 31 D•cémbor 2023 10. Tan9ibh fix•d Bss•ts prtt and rM¢hlnwy Motor hld•¥ Co8t Or¥UltIon Ttstsl At 01 J8nu8ry 2023 At 31 December 2023 26.246 26,246 65.528 61528 91,774 91.774 D•pr•elatkni At 01 January 223 Chary8 for ygar At 31 Decombw 2023 25.891 46,516 74.207 555 6.128 6.683 80,890 21246 N•t book valu01 At 31 D8cember 2023 10,884 10,884 At 31 Darnber 2022 17.012 17.567 11. D•b¢or• 2023 2022 Amounts duo wlthln •n• yw. Trad• debtors 3.520 320 Prep8ymant$ Incomo Otr dgbtor¥ 5,303 798 3.671 1,060 9,621 J,OJ1 12. Crndltor: amounts falllng due wlthln y•ar 2023 2022 Trade credd 10,080 8,408 1.s12 Other credrtors 4.309 1.512 Aeeru81$ and d¥fwr irwr 5.821 24.000 10(rf12
Mountainwise Notes to the Flnanclal Slatements Contlnued For the year ended 31 December 2023 13. Movem•nt In funds Unre•trl¢tsd Fund• Balan at Ineomlng Outgolng Balan¢e at 3111212023 Genar81 142.568 284,659 1282.1ni 165.054 141568 284,659 1202.1731 165,054 Unr0•¢t•d Pd8- Pr•0$ ywr a•l•n •t mr2022 Inc•mlng Out9olni 8al•n¢• at I•¢ 3111212022 Genernl Gerra1 129,198 245,3SS 1231.9851 142,568 12•,198 248,333 1231,98SI 142,508 Purpo•• of unr••trl¢t•d Fund• Gener•1 The provlBkJn ol educ¥llongf and rern1 &ll¥lO A••lrl#t•d Fund• B•lan¢• •t 0110112023 Outg0Sn9 Balance at 3111212023 Out ofthe Cty. Into the Vvil 3.942 13,9421 3W 13,9421 R•8trfctéd Funds. Pr$ year 88lan¢• at 01101R022 Outyolnll r•sour¢ Balance at 3111212022 Out ol Ihe Cty. Into thg Wild 3,942 1942 3.942 11d12
Mountalnwlse Nots$ to thg Financial Statements Continued For tho year onded 31 December 2023 Purposo of restrlcted fund• Out ofthe Ctty. Ihe Wikl This fund L8 grantfvThY8d aThJ 6XL8ts pr1th outthy)r acbwty Analy818 of n•t a88•ts b•lwwn fvndi TaryJil)l• Il•t ¢urr•nt N¢tA¥••ts Ilxod IlhbllhlwAI Unmtrl¢t•d lund• Gan•rnl G9rnI 10,884 154,170 185,OS4 RMtrfct•d lunds 10,884 154,170 105,054 Pr•rf?u• yw T•nglbl• N•¢ curr•nt N•¢ Au•ts (Il•bllrtl•BI Unro•trlct•d funds General 17,687 126,C¥)I 142,568 Rmtrlthd lynd• Out ofthe Clty, Into the Wlbd 3,942 3,942 17.567 128,943 140,510 120112