Charity number.. 1132529 Company number: 07106449 (England and Wales) Mountainwise Report of the Trustees and Unaudited Flnancial Statements For the year ended 31 December 2024 Mountainwise Contents Page For the year ended 31 December 2024 Report of the Trustees 1to2 Independenl Examinees Rèport to the Trustees ststoment of Financial Activibes Statement of Financial Position Notes to th8 Financial Stat8m8nts 6t012 Mountainwise Report of the Trustees For the year ended 31 December 2024 The Trustees, who are also dlr8Ctors for Ihe purwses of company law. have pleasure in presentin9 thelr report and the financial ststements for the charitable company for tho year endèd 31 December 2024. The Trustees have adoptod th8 provisions of Accounting and Reporting by Charities: Statsment of Recommended Practice applicable to charilies preparing their accounts in a(Eordance with the Financial ReportirHJ Standard applicable in the UK and the Republlc of Ireland (FRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTMTIES Objgctlves and alms To provido a range of educational and r￿eatIOnal activities such as the Duke of Edinburgh Award Expedition Programme In order to advance the edLbcation of the public, in particular but not 8xdu51V8ly in the subject of the physical and natural 8nvironment. The trustees have considered the Chanty Commlslon's guldanc8 on Put￿lC benefit, including the guidance 'public b8nefit'. running a charity (PB21'. ACHIEVEMENTS AND PERFORMANCE Slgnlfl¢ant a￿1vItIeS Activities carried out in this financlal perfod indud8 the following: Provlslon of Duke of Edinburgh Award Expedition Programme at Bronze, Sllver and Gold level. Provision of outdoor residentlals In conjunction with Families Forward, a divis¢on of the Adolescent Service in the Royal Borough of Kensington and Ch8lsea, whith fouJs8s on the care and rehabilitatlon of famlll8s at risk, utilising the principles of systemic family therapy. Canoeing on the Medway river. Climbing - weekly sessions at Chelsea Academy climbing wall. Climbing residenlials In the Peak district. Camping residential in Dorset. Provlslon of the National Govemm8nt BcAty qu81rf1catlons through Mountsin Training. We provide tralning and assessment in the following.. CWI - Climbing Wall Instructor CWDI- Climbing Wall Development Instructor RCI - Rock Climbing Instwctor CWIA- Climbing Wall Instructor Abseil Module ML- Mountsin Leader Award Provision of Technical Advisorship Se￿¢8 to a number of indTr)r climblng walls In and around the London area. Plans for the fulure To contlnue wlth all existing provision. FINANCIAL REVIEW Slgnlllcant ovents The year ending December 2024 showed a bss as we lost a very important Duke of Edinburgh client at the end of 2023. Although we thought we had found a replacement starting in September 2024. this unfortunately fell through al the last minute leading to an overall loss for the financial period. Wage inflation in Ihe freelan￿ instrucior outdoor sector meanl that these changes took place at a time of inueased costs. Going forward in 2025 we have r8duced costs where possible in order to mitigate the risk of further losses. With this in place we are confident that the charity can continue as a going o)nc*m wrlh a lower turnover. Reserves The reserves policy is that al least 3 rnonths expenditure to be retained as reseNes at all times. In this financial perfod the reserves were above this level. 1of12 Mountainwise Report of the Trustees Continued For the year ended 31 December 2024 STRUCTURE. GOVERNANCE AND MANAGEMEKr Governing document The Charity's goveming documents are its Memorancdumand Articles whomaredirectly involved in the day to day management of the charity. of Associsation.There are five trustegs some of The Mountainwise constitution is based on the following principles: -collective decision making. There is no leader, all decisions affecting the organisation are made collecttvely at me8tings. -This system requires that all members are to respect the decision making process and the decisions that ar8 made whether they are in agreement or not. --Tasks, roles and responsibilities are shared out In order to suslain the organisation -_A minimum of tsvo trustees ar8 required to ratify important d8clsions for the organisation. Decisions are made Collactively at meetings. Meetings are arranged as required except for the AGM which is held in D￿ember each year. In addition to the scheduled meeting any trustee or member of staff can call an extraordinary meeb'ng at any time. If a trustee or member of staff wishes to call an extraordinary m88ting. at 18ast two weeks, notice is required. All trustees or members of staff can put fO￿ard any agenda item they wsh for a meeting. The ag8nda Is drculatsd ￿0 w8eks before the m6etlng. Any trustee or member of stsff can add an agenda item at the stsrt of a meeting. Quorum lev81 Is 3trust68s. If no (x)nsensus is reached majority voting is used to reach a decision. Mlnut8s of the m8etlng are circulated to members within tsvo weeks of the date of the m6etirKJ. The trustees have looked al the risks arKI are satisfied that st8ps hav8 been tsken to mitigate them. REFERENCE AND ADMINISTRATIVE INFORMATION Name of Charlty Charlty reglstratlon number Company roglstratlon number Princlpal address Mountslnwlse 1132529 07106449 11 Allen Road London N16 8SB Tru8ts08 The trustees and offi￿r8 serving during th8 year and sinc8 the year end were as fdlows: Billie Chan Maria Gandy James H8WSCKI Harry Whelan Karen Long Indepondont 8xamlner ArKJrew M Wells FMAAT Counterculture Partnership LLP 66 High Street East Sussex BN7 1XG Approved by the Board of Trustees and signed on its behalf by Maria Gandy 4th September 2025 2of12 ## **Mountainwise** ## **Independent Examiners Report to the Trustees For the year ended 31 December 2024** I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2024. ## **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. 4th September 2025 Andrew M Wells FMAAT Counterculture Partnership LLP 66 High Street Lewes East Sussex BN71XG 3 of 12 Mountainwise Statement of Financial Actlvitles (including Income and Expenditure Account) For the year ended 31 December 2024 Unrestricted funds 2023 Income and endowm•nts from: Charitable aclivits'es 197,915 284,659 Total 197.915 284,659 Expondlturo on: Charitable activities 314 (254.312) (254,312) (266,115) 1266,1151 Total Net In¢omel•xpondlture Reconciliation of funds Total funds brought forward Totsl fund8 ￿rrIed forward 156,397) 18,544 165,054 108,657 146,510 165,054 4of12 Registered Number : 07106449 ## **Mountainwise Statement of Financial Position As at 31 December 2024** ||**Notes**|**2024**|**2023**| |---|---|---|---| |||£|£| |**Fixed assets**|||| |Tangible assets|10|15,435|10,884| |||**15,435**|**10,884**| |**Current assets**|||| |Debtors|11|9,220|9,621| |Cash at bank and in hand||93,219|150,370| |||**102,439**|**159,991**| |**Creditors: amounts falling due within one year**|12|(9,217)|(5,821)| |**Net current assets**||**93,222**|**154,170**| |**Total assets less current liabilities**||**108,657**|**165,054**| |**Net assets**||**108,657**|**165,054**| |**The funds of the charity**|||| |Restricted income funds|13||| |Unrestricted income funds|13|108,657|165,054| |**Total funds**||**108,657**|**165,054**| For the year ended 31 December 2024 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: ## 4th September 2025 5 of 12 Mountalnwlse Notes to the Financial Statements For the year ended 31 December 2024 1. A¢¢ounting Policies Basls of a¢¢ountlng The financial statements have been prepared under the historical cost ￿nventiOn. 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 chaiities preparing their accounts in accordance with the Financial Reporknng Stsndard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019),, Financial Reporting Standard 102 the Financial Reporting Standard applicable the UK and Republic of Ireland (FRS 1021. and the Companies Act 20(￿. Mountainwise meets the definition of a public benefft entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherivise slated in the re18vant accounting policy note{sl. Golng concern The financial statements are prepared. on a going concem basis. under the historical o)st convention. Slatgmgnt of cash flows The Trustees have taken advantsge of the exemption In SORP FRS 102 from induding a cash flow statement in the financial statements on the grounds thal the charitablé company is small. Funds The charlty maintairts a general unrestricted fund which represents funds which are expendable at th8 dlscr8tion of the trust88s In furtherance of the obj'ects of th8 chadty. Such fvnds may be held in order to financ8 both worklng capital and capitsl investment. Designated funds comprise of unrestricted funds that have been s8t aslde by Ihe Trustees for particular purposés. Restricted funds have been provided to the charity for particular purposes, and it is the pollcy of Ihe board of trustees to carefully monitor Ihe application of those funds in accordance with Ihe r8Strictions placed upon them. There is no form81 policy of transtsr belween fijnds or on Ihe allocation of funds to designated funds. other than that described above Incomlng r•sour¢o8 All Incoming resources are Included In the staternent of financial activities when the Charfty Is 8ntitled to the income and the amount can be quantified ￿th reasonable accuracy. R6sourco8 expended Llabilit18s are recognised as resources expended when th8re is a legal or C#Jnstructive obligation commltting Ihe Charfty to th8 expenditure. Allocation of support costs Resources expended are allocated to the particular activty where the cost relates diredly to that activity. However, the cost of overall direcbon and administration of each activity.comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an esb'mate, based on staff time. of the amount attributable to each activity. Duke of Edinburgh Awar(l Expedition Other Educalional Activities 16% Taxatlon As a registered charity. the company is exempt from income and corporation tax to the extent that rts income and gains are applicable lo charitable purposes only. Value Added Tax is not recoverable by Ihe company, and is therefore included in the relevant costs in the Statement of Financial ActiV￿es. 6of12 Mountsinwise Notes to the Financial Statements Continued For the year ended 31 December 2024 Tanglble flxed assets Items of equipment are capitalised where the purchase Pfice exceeds £1.000. Depreciakn'on costs are allocated to activities on the basis of the use of th8 related assets in those activities. Assets are reviewed for impairment rf circumstances indicate their carying 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 impaimient. Depreciation is provided at rates calculated to wrTi8 off the cost or valuation of fixed assets. less their estimated residual value, over their expected useful lives on the following basis.. Computer equipment Motor vehicles 20% Straight line 10% Straight line 10% Strarght line Fixturés and ffttings 2. Income from charltable actlvltles 2024 2023 Unre•trl¢tsd funds Duk8 of Edlnburyh Award Expedition Cours8 fees 167,565 239,945 Other educ8tional 8clivities Course fees 30,350 44,714 197,915 284,659 3. Costs of charltable actlvltles by fund typ8 2024 2023 Unre8trlcted fund8 Duke of Edinburgh Award Expedition Othèr educational aCtivit￿S 209,895 209.969 32,040 12,377 46.398 9,748 Support costs 254.312 266,115 4. Costs of ¢haritable actlvhles by acuvlty typo Actlvltles undertaken dlrectty Support ¢osts 2024 2023 Support costs Duke of Edinburgh Award Expedition Other educational activities 209.895 10,396 220,291 218,157 32.040 1,981 34.021 47.958 241.935 12.377 254,312 266,115 7of12 Mountainwise Notes to the Financial s&￿eMents Contlnued For the year ended 31 December 2024 5. Analysls of support costs Duko of Edlnburgh Award Expodltlon Other educatlonal activitlgs 2024 2023 Manag•m8nt Subscriptions Insurance 4,438 5.436 5,283 6.472 6,436 2,507 8,943 1.036 9,874 1.881 11,755 Flnance Financè 23 Govornanco costs Accountancy fees 522 1(M) 622 782 10,396 1,981 12,377 9,748 6. Net incomel(expenditurel for the year This is ststed after ¢harginty(creditsng}: 2024 2023 Depreciation of owned fixed assets Accountancy fees Staff pension contributions 7,313 622 6,683 782 5,694 5,802 7. Staff co81s and omolumonts Total staff cosls for the year ended 31 D￿eMtser 2024 were.. 2024 2023 Salaries and wages Social s8curity costs Pension ox8ts 83,161 23.843 5,694 84,308 15,767 5,802 112,698 105,877 No employee earned more than £60.000 during the year (2024:£nil}. The total employee benefits indLKling pension contril)uttons of the key management personnel are rellected above. 8of12 Mountainwise Notes to the Financial Statements Continued For the year ended 31 December 2024 2024 2023 Charitable activities 8. Trustee remuneration and relatod party transactions Two trustees were pald for Iheir serVi￿S to the charity £35,117 {2023.'42.483). The charity trustees were not paid for thier role as trustees (2023=£nil). 9. Comparatlve for th• Statsment of Flnanclal Actlvlll Unrostrf¢tsd funds Restrlcted funds 2023 Income and endowments from: Charitable activrtles 284,659 284,659 Total 284.659 284,659 Expgndlture on: Charilable activities (262,1731 1262,1731 (3,942) (3,942) (266,1151 {266,1151 Total Not Incomelexpendltur• Roconclllatlon of funds Total funds brought forward Total funds carrled forward 22,486 13,942) 18,544 142,568 165,054 3,942 146.510 165,054 10. Tanglble flxed assots Plant and machlnery Motor vehiclos Flxtures and fittlngs Cost or valuatlon Total Al 01 January 2024 Additions At 31 December 2024 26,246 65,528 91.774 11.865 11.865 11,865 103,639 26246 65,528 Depraclatlon At 01 January 2024 Charge for year At 31 December 2024 26,246 80,890 6.127 60.771 1.187 1.187 7.314 88.204 26.246 Net book values At 31 December 2024 757 10.678 15.435 At 31 De￿mber 2023 10,884 10,884 9of12 Mountainwise Notes to the Financial Statements Continued For the year ended 31 December 2024 11. Debtor5 2024 2023 Amounts due wlthln one year: Trade debtors 5,640 2.580 1,000 3,520 5,303 798 Prepayments and a￿Ued income Other debto 9.220 9,621 12. Credltors: amounts falllng due wlthln on6 year 2024 2023 Trade crèditors Other ¢￿ditOrS 4.008 4,009 1,200 4,309 1,512 Accruals and deferred incLJme 9,217 5,821 13. Movement In funds Unrestrl¢tod Funds 8alance at 0110112024 Incomlng re80urca8 Outgolng resources Balance at 3111212024 General General 165,054 197,915 (254,312> 108,657 165,054 197.915 (254,312) 108,657 Unrestrfcted Fund8 - Prgvlous year Balance at 0110112023 Incomlng resources Outgolng rosources Balance at 3111212023 Gener81 General 142,568 284,659 (262.173) 165,054 142,568 284.659 (262,173) 165.054 10of12 Mountsinwise Notes to the Financial Statements Continued For the year ended 31 December 2024 Purpose of unrestrlcted Funds General The provision of educational and recreatronal activities Restricted Funds Balance at 0110112024 Outgolng rosour¢o8 Balan¢0 at 3111W2024 Roslrlcted Fund8 . Previous y￿r Balan¢• at 0110112023 Outgolng rosour¢•• Balance at 3111212023 Out of the City, Into the Wlld 3.942 13,942) 3,942 (3,9421 Purpo80 of restrlctsd funds Out of the Cily, Into the Wlld This fund is grantfunded and exists promote OUtd￿r activity 14. Analysls ol net assets between funds Tanglb flx•d assats N•t curr•nt asset8 1 Not A88ets Unrestrlcted funds Gen8r81 General 15,435 93.222 108.657 15,435 93,222 108,657 11of12 Mountainwise Notes to the Financial SL2tements Continued For the year ended 31 December 2024 Prevlous year Tanglbl• fixod 3$$0ts N•t CU￿￿nI a55ets I Illabllltlesl Not Ass•ts Unrestrlcted fund¥ General General 10.884 154.170 165.054 10.884 154,170 165,054 12of12