REGISTERED CHARITY NUMBER: 1145023
CLIMBING OUT
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
| Page | |||
|---|---|---|---|
| **Reference and Administrative Details ** | 1 | ||
| Trustees' Report | 2 | to | 8 |
| Independent Examiner's Report | 9 | ||
| **Statement of Financial Activities ** | 10 | ||
| Statement of Financial Position | 11 | ||
| Notes to the Financial Statements | 12 | to | 20 |
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REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2025
TRUSTEES J Redmond C Felton (resigned 1.5.25) L C Howard (resigned 30.5.25) M Harris J Boase H Knight (appointed 22.1.25) (resigned 12.6.25) PRINCIPAL ADDRESS 21 Aston Pigott Westbury Shrewsbury SY5 9HH REGISTERED CHARITY NUMBER 1145023 INDEPENDENT EXAMINER TCA (Shrewsbury) LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED CHIEF EXECUTIVE Kelda Wood
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity, as set out in the governing document are:
To advance and assist with the mental recovery of individuals in the UK who are in need of support as a result of their experience of mental or physical trauma.
To improve their expectations of life following the impact of their traumatic experiences, through:
a) the provision of recreational and outdoor activities of appropriate levels of challenge with the aim of rebuilding self-confidence;
b) the provision of personal development coaching with the aim of providing tools for self-reliance, development, motivation and self esteem; and
c) the provision of opportunities to develop social networks with individuals who have faced similar challenges so they can build a network of long-term friendship and support.
The aim of Climbing Out is to rebuild confidence and self-esteem in people facing life changing injury, illness or trauma through using outdoor activities and coaching as tools for personal development and growth. Long term support, friendship and development is then available through the Climbing Out Club
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
OBJECTIVES AND ACTIVITIES
Significant activities
We had 75 people attend our 7 Core programmes in 2025. . We continued to offer opportunities to 15 years' worth of past participants through the Climbing Out Club, including 12 Walk and Talk days, a fundraising hike, and a Level 2 programme to Scotland. The purpose of the Level 2 is to provide the next step in someone's recovery journey, with an increased level of challenge, ownership, responsibility and autonomy.
The programmes continue to give participants the tools to feel able to move forwards in life, and to empower them to feel in control of their own mindset, emotions, and actions. The ethos of Climbing Out is not to fix people, but to give people the confidence, motivation, and tools to fix themselves.
Core Programmes
In 2025 we ran 7 core programmes, in the Lake District, Peak District and Anglesey.
We had 75 people take part in the core programmes, with participants coming from the Emergency Services, military, survivors of cancer, abuse, crime and bullying, or in recovery from a life changing injury or trauma.
Level 2 Scotland Expedition
Our Level 2 programme for 2025 was a hiking expedition in Scotland, climbing some of Scotland's biggest mountains over 5 days.
The group also had to deliver their own personal development session, which involved sharing something that had helped them with their own mental health. This was both insightful and inspiring to the whole group, and everyone learnt something from each other.
Walk and Talk Days
Climbing Out isn't just about big expeditions or residential programmes, we also run our Walk and Talk days which are single day activities giving past participants the opportunity to keep topping up their 'Climbing Out family' glass and also giving potential participants the opportunity to find out what we're all about. We've run twelve walks in 2025 of varying levels of challenge, taking place in Shropshire, Powys and the Peak District and over 70 participants took part.
Ambassadors
Our team of ambassadors is made up of previous participants and they've been doing an amazing job of spreading the word about Climbing Out. They've been helping with fundraising, doing talks, making referrals and manning stands at various roadshows. Their work also helps make sure we reach and support the people who need it most.
Online Programmes
In 2025 we launched our online Programme. This has been funded by the 4814 Trust and makes our personal development resources available to people who are unable to attend a 5 day residential Programme.
2025 Fundraising Hike
This year we brought the hike home to Shropshire with over 35 people taking part, raising over £6,500. As always there were 3 routes to choose from, a short, medium and long route so people could challenge themselves at the appropriate level.
Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
ACHIEVEMENTS AND PERFORMANCE Main achievements during 2025 Summary of our Main Achievements in 2025
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Seven core Programmes
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One Level 2 Programme
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A series of 12 Walk and Talk Days
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The Climbing Out Club continued to support each other
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The annual Fund-Raising Hike
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Continuing to develop our network of partner organisations and extending links via Ambassadors.
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Continuation of research project with Keele University - The long-term research project looking at the impact of the 5-day programmes has continued throughout 2024. The impact of these findings will enable us to evidence just how much impact the 5-day programmes are having and will as a result will hopefully lead onto accessing additional funding and support from further partner organisations.
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2025 also saw us introduce our Tuesday night socials on the first Tuesday of each month, meeting in the Quarry in Shrewsbury. We know that the friendship and support that comes out of being part of Climbing Out is so important to people's continued mental well being, so the aim was to go for a short walk, followed by a drink or coffee as a means of bringing people together to socialise and build friendships.
Funding
Funding was successfully secured for all the services that Climbing Out was able to run this year through a number of grant making organisations including funding of £5k and above from Shropshire Masonic Lodge, IGY Foundation, ALA Green Charitable Trust, Team Forces, St James' Place Foundation, The Nagle Family and The Haramead Trust.
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£139,903 was raised through funding letters to trusts and foundations.
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The annual Fundraising Hike raised £9,199 before expenditure.
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Funds raised by participants totalled £7,620.
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Funds have also continued to be raised for Climbing Out through independent fundraising and small donations, totalling £16,960 in 2025.
Governance and Structure
The Board of Trustees established in 2018 has continued to work well together over 2025, sharing areas of expertise and supporting Climbing Out with individual strengths. Three Trustees stepped down during 2025 due to other commitments, leaving a Board of 3 and leading to a recruitment campaign for 2026, when two new Trustees have been appointed.
The part time administrator appointed in 2019 has continued to successfully support the CEO, with hours worked as needed and maintained at a maximum of 15 per week spread over the year.
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
FINANCIAL REVIEW
Financial review
Funds raised by the charity are used to pay the running costs and provision of the programmes. Active funds are held in Bank Accounts with HSBC Bank. Reserve funds were held in Skipton Building Society and in 2025 transferred to the Flagstone platform via St James Place in order to ease the transfer between savings accounts to secure the best rates of return. We have no funds in deficit.
The charity's principal source of funds:
Funding Bids
£139,903 was generated through funding bids in 2025 and through letters sent to trusts and foundations asking for donations.
Individual fundraising/Just Giving
£16,960 was raised by individual fundraisers and Just Giving.
£9,199 was raised by the annual Fund-Raising Hike
Key expenditure and how this has supported the objectives of the charity:
Funds raised by the charity are used to pay the running costs and provision of the activities which include predominantly the residential Programmes and Walk and Talk days. A total of £126,045 has been spent on programme and Walk and Talk Day delivery in 2025.
Other expenditure includes logistical running costs of the charity including accounting, bid writing, staff salary and PR.
How this has supported the objectives of the charity:
The key objective of the charity is to deliver our 5-day programmes and Walk and Talk Days. At a cost of £126,045 (2024: £134,167) in relation to our total expenditure of £223,096 (2024: £266,317), 50% of our expenditure has been used to achieve this. This includes the logistical planning and preparation associated with enabling the programmes to happen.
The remaining 50% of expenditure has been used for the fundraising, running costs and development of the charity, without which Climbing Out would not continue to function, grow and ultimately be in a position to support a growing number of people.
Reserves policy
Climbing Out Reserves policy aims to ensure our work is protected from the risk of disruption at short notice due to a lack of funds, whilst at the same time ensuring we do not retain funds for longer than required.
The reserves policy takes into account the overall sustainability of the charity and the underlying aim is to retain sufficient funds in reserve to allow the charity to continue to operate for 12 months.
As part of this, and due to the timing of our programmes, our aim is to ensure that we hold at least 12 months running costs by the year end date. At 31st December 2025 this was estimated at £200,340, based on expected costs to run 7 planned programmes and 11 Walk and Talk Days, plus the continued running of our online Programme, and to ensure no significant disruption to our charitable activities.
Our reserves policy is monitored and reviewed on an ongoing basis.
The free reserves of the charity at the year end, calculated as the unrestricted fund less designated funds and tangible fixed assets were £66,641 (2024: £36,461).
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
FUTURE PLANS Plans for 2026:
Our plans for 2026 include:
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6 core Programmes planned throughout the year, starting in March.
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1 Level 2 Programme in Scotland for past participants.
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One core programme will be held at Duke's Barn in the Peak District where we can accommodate participants requiring greater physical support.
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11 Walk and Talk days
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Continued access to the Online Programme via referral
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Two training weekends for participants of planned 2027 overseas expedition
Other
We continue to have a part time role of Charity Manager for up to 15 hours per week.
The freelance position providing support and technical advice to the CEO in return for a monthly retainer fee ended in 2025 as the responsibilities of this role were reallocated.
A budget has again been set aside to provide for follow up counselling/coaching with external providers for participants who need this, within a controlled budget.
PR and social media management continues to be outsourced for a monthly fee and due to positive results this will continue into 2026.
Governance and Structure
We will continue to develop the roles and responsibilities of the trustees creating a stronger foundation for the charity and look to recruit more in 2026 to increase resilience.
We aim to offer governance training for all our trustees.
We will continue to identify the roles required for Climbing Out to function successfully and to recruit people for these various roles. This includes trying to build in contingency plans for any unforeseen absence of Kelda Wood.
Annual budgeting
An annual budgeting meeting will be held to plan the budget for the forthcoming year at the AGM in January.
A budget for 2026 has now been put in place. This will create financial security for Climbing Out reducing any chance of overspending.
A regular review of budget and spending will take place at quarterly Trustee meetings.
We will continue to use an accountant to do our end of year accounts. Hollies bookkeeping will continue to record the day-to-day finances and TCA Accountants will be used to prepare and independently examine our year end accounts.
Account one and account two - Two bank accounts are still in place. Account One will continue to be used solely as a Programme account to manage all finances connected to the 5-day programmes. Account Two will be used to manage all money not connected to programmes and include running costs. We have transferred our reserve funds to the Flagstone platform provided by St James' Place in order to increase our ability to keep funds in accounts with the best returns.
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
Funding and Fundraising
Funding Applications - We will continue to make applications to both repeat funders and new funders throughout the year to ensure a steady flow of funds both for the coming year and then for use in 2026.
Previous participants will be fundraising through the Level 2 Programme.
We continue to develop long term relationships with funding bodies bringing us in a sustainable annual income.
A Fund-raising Hike is planned in Shropshire in 2026.
Climbing Out Club
The Climbing Out Club continues to offer long term support and guidance to any member in addition to fundraising opportunities such as the fundraising hike.
The Club continues to provide a network of friendship and support for members with other members, creating long term sustainability of the impact of the 5-day programmes.
The continuation of Level two and expedition Programmes to support the continued growth and development of members.
We continue to support a group of 'Ambassadors' from past participants, both to give them opportunities for personal growth and to increase our reach to future participants.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Climbing Out is a registered charity and is governed by it's constitution dated 2 November 2011, as amended on 9th November 2021.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks.
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees 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) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those 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 in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
TRUSTEES' RESPONSIBILITY STATEMENT - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
06/07/2026
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................... M Harris - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLIM81NG OIJT lfid¢pgnd&ntgxamin*e$ report to tho tnJstees of Climbing Out I report to the charrty trustees on my examination of the accounts of Climbing Out Itl)e Tw$ll for the year ended 31 December 2025. R¥$pon$lbilltros and ba$ls of rnport As the charity trustees of the Trust you are responsible for the pparatIon of thè aecounts in accordance wth the requirernents of the Charities Act 2011 I'the ACVI. I report in speCt ol my examination ol the Tru$t's accounts carried out under Section 145 of the Act and In carrying out my examination I have followed all applicable Direction$ given by the Chanty Cornmission under Soctson 14515llbl of the Act. Indopèndent •xamlnerf8 8tatemgnt I have completed my examination l ¢onflrm th81 no material matt8rs hava come to my attention in connection with the examination giving me cause to believe that in any maleri¥l respect". accounting re¢ord$ not kept in respect of the Trust as required by Section 130 trf the Act,, or the acLount5 do not accord with Ih05e records., or the acts)unls do not mplY with the appli¢abl• requirgments ¢onceming the fomi and content ol accounts 8et out in the Charit4'85 (Accounts and Report51 Regu13ts'on8 2008 othèr than any r8quir8ment that the aunt$ give a INe and falr view which 18 not a matter considered as part of an independent examinab'on. I have no concerns and have eL)me attoss no other mattgrs in conn&ction with th& examination lo which attention $hould be drawn in this report In order to enable a proper understanding ¢1 ¢he ¥¢counts lo b& reachod. C Moelwyn-William$. 8S¢ FCA TCA Ishrewsburyl LLP Third Floor 21 Sl Mary'$ Street Shrewsbury Shropshl¥e SY1 1ED D81e.' Page 9
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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 94,183 Other trading activities 3 10,011 Investment income 4 6,022 Total 110,216 EXPENDITURE ON Raising funds 10,942 Charitable activities 5 General 104,880 Total 115,822 NET INCOME/(EXPENDITURE) (5,606) Transfers between funds 13 12,006 Net movement in funds 6,400 RECONCILIATION OF FUNDS Total funds brought forward 211,515 TOTAL FUNDS CARRIED FORWARD 217,915 |
Restricted funds £ 70,300 - - 70,300 250 107,024 107,274 (36,974) (12,006) (48,980) 112,942 63,962 |
2025 Total funds £ 164,483 10,011 6,022 180,516 11,192 211,904 223,096 (42,580) - (42,580) 324,457 281,877 |
2024 Total funds £ 316,645 29,320 2,709 |
|---|---|---|---|
| 348,674 | |||
| 54,698 211,619 |
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| 266,317 | |||
| 82,357 - |
|||
| 82,357 242,100 |
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| 324,457 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2025
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 9 12,282 CURRENT ASSETS Debtors 10 17,647 Cash at bank 205,691 223,338 CREDITORS Amounts falling due within one year 11 (17,705) NET CURRENT ASSETS 205,633 TOTAL ASSETS LESS CURRENT LIABILITIES 217,915 NET ASSETS 217,915 FUNDS 13 Unrestricted funds: General fund Designated Fund - Programmes Designated Fund - New branded kit Designated Fund - Online programmes project Restricted funds TOTAL FUNDS |
Restricted funds £ - 3,666 60,296 63,962 - 63,962 63,962 63,962 |
2025 Total funds £ 12,282 21,313 265,987 287,300 (17,705) 269,595 281,877 281,877 78,923 136,378 - 2,614 217,915 63,962 281,877 |
2024 Total funds £ 9,809 24,112 309,859 333,971 (19,323) 314,648 324,457 324,457 46,270 139,745 10,500 15,000 211,515 112,942 324,457 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 06/07/2026............................................. and were signed on its behalf by:
............................................. M Harris - Trustee
The notes form part of these financial statements
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
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the requirements of Section 7 Statement of Cash Flows;
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the requirement of paragraph 3.17(d);
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the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
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the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
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the requirement of paragraph 33.7.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Grants from the government and other agencies have been included as 'Grants' in furtherance of the charity's objects.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
1. ACCOUNTING POLICIES - continued
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.
Financial instruments
The charity 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.
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.
Operating Leases
Rentals under operating leases are charged to the statement of financial activities on a straight line basis over the lease term.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Activity Programmes Donations Grants Receivable Trusts & Foundations |
2025 £ 7,620 16,960 - 139,903 164,483 |
2024 £ 19,977 34,786 31,681 230,201 |
| 316,645 |
Grants received, included in the above, are as follows:
| Documentary Funding OTHER TRADING ACTIVITIES The Hike Charity ball income Sale of hoodies |
2025 £ - 2025 £ 9,199 - 812 10,011 |
2024 £ 31,681 |
|---|---|---|
| 2024 £ 14,766 13,734 820 |
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| 29,320 |
3. OTHER TRADING ACTIVITIES
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
4. INVESTMENT INCOME
| 4. | INVESTMENT INCOME | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Deposit account interest | 6,022 | 2,709 | ||
| 5. | CHARITABLE ACTIVITIES COSTS | |||
| Direct | Support | |||
| Costs | costs | Totals | ||
| £ | £ | £ | ||
| General | 168,809 | 43,095 | 211,904 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.
- STAFF COSTS
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wages and Salaries | 67.282 | 62,630 |
| Social Security costs | 1,783 | 252 |
| Other pension costs | 1,611 | 1,505 |
| 70,676 | 64,387 | |
The average monthly number of employees during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| Climbing Out Staff | 2 | 2 |
No employees received emoluments in excess of £60,000.
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 118,223 Other trading activities 29,320 Investment income 2,709 Total 150,252 EXPENDITURE ON Raising funds 23,017 Charitable activities General 93,050 Total 116,067 NET INCOME 34,185 Transfers between funds 51,050 Net movement in funds 85,235 RECONCILIATION OF FUNDS Total funds brought forward 126,280 TOTAL FUNDS CARRIED FORWARD 211,515 |
Restricted funds £ 198,422 - - 198,422 31,681 118,569 150,250 48,172 (51,050) (2,878) 115,820 112,942 |
Total funds £ 316,645 29,320 2,709 |
|---|---|---|
| 348,674 | ||
| 54,698 211,619 |
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| 266,317 | ||
| 82,357 - |
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| 82,357 242,100 |
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| 324,457 |
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
9. TANGIBLE FIXED ASSETS
| 9. TANGIBLE FIXED ASSETS |
||
|---|---|---|
| COST At 1 January 2025 Additions At 31 December 2025 DEPRECIATION At 1 January 2025 Charge for year At 31 December 2025 NET BOOK VALUE At 31 December 2025 At 31 December 2024 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accruals and deferred income |
Fixtures and Computer fittings equipment £ £ 17,835 4,850 5,265 - 23,100 4,850 8,519 4,357 2,299 493 10,818 4,850 12,282 - 9,316 493 2025 £ 120 2,850 18,343 21,313 2025 £ 14,553 1,125 327 1,700 17,705 |
Totals £ 22,685 5,265 |
| 27,950 | ||
| 12,876 2,792 |
||
| 15,668 | ||
| 12,282 | ||
| 9,809 | ||
| 2024 £ - 3,100 21,012 |
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| 24,112 | ||
| 2024 £ 14,987 937 288 3,111 |
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| 19,323 |
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
12. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years MOVEMENT IN FUNDS At 1.1.25 £ Unrestricted funds General fund 46,270 Designated Fund - Programmes 139,745 Designated Fund - New branded kit 10,500 Designated Fund - Online programmes project 15,000 211,515 Restricted funds Programmes 112,942 TOTAL FUNDS 324,457 Net movement in funds, included in the above are as follows: Unrestricted funds General fund Designated Fund - New branded kit Designated Fund - Online programmes project Restricted funds Programmes TOTAL FUNDS |
Net movement in funds £ 14,015 - (7,235) (12,386) (5,606) (36,974) (42,580) Incoming resources £ 110,216 - - 110,216 70,300 180,516 |
2025 2024 £ £ 1,260 3,660 - 1,260 1,260 4,920 Transfers between At funds 31.12.25 £ £ 18,638 78,923 (3,367) 136,378 (3,265) - - 2,614 12,006 217,915 (12,006) 63,962 - 281,877 Resources Movement expended in funds £ £ (96,201) 14,015 (7,235) (7,235) (12,386) (12,386) (115,822) (5,606) (107,274) (36,974) (223,096) (42,580) |
|---|---|---|
- MOVEMENT IN FUNDS
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Designated Fund - Programmes Designated Fund - New branded kit Designated Fund - Online programmes project Restricted funds Programmes TOTAL FUNDS |
At 1.1.24 £ 27,300 98,980 - - 126,280 115,820 242,100 |
Net movement in funds £ 34,185 - - - 34,185 48,172 82,357 |
Transfers between funds £ (15,215) 40,765 10,500 15,000 51,050 (51,050) - |
At 31.12.24 £ 46,270 139,745 10,500 15,000 |
|---|---|---|---|---|
| 211,515 112,942 |
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| 324,457 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Programmes Documentary Funding TOTAL FUNDS |
Incoming resources £ 150,252 166,741 31,681 198,422 348,674 |
Resources Movement expended in funds £ £ (116,067) 34,185 (118,569) 48,172 (31,681) - (150,250) 48,172 (266,317) 82,357 |
|---|---|---|
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CLIMBING OUT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Designated Fund - Programmes Designated Fund - New branded kit Designated Fund - Online programmes project Restricted funds Programmes TOTAL FUNDS |
At 1.1.24 £ 27,300 98,980 - - 126,280 115,820 242,100 |
Net movement in funds £ 48,200 - (7,235) (12,386) 28,579 11,198 39,777 |
Transfers between funds £ 3,423 37,398 7,235 15,000 63,056 (63,056) - |
At 31.12.25 £ 78,923 136,378 - 2,614 |
|---|---|---|---|---|
| 217,915 63,962 |
||||
| 281,877 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Designated Fund - New branded kit Designated Fund - Online programmes project Restricted funds Programmes Documentary Funding TOTAL FUNDS |
Incoming resources £ 260,468 - - 260,468 237,041 31,681 268,722 529,190 |
Resources Movement expended in funds £ £ (212,268) 48,200 (7,235) (7,235) (12,386) (12,386) (231,889) 28,579 (225,843) 11,198 (31,681) - (257,524) 11,198 (489,413) 39,777 |
|---|---|---|
Restricted Funds
Programmes
The restricted fund relates to money received specifically for use on the programmes.
Designated funds
Programmes
The board have designated funds of £136,378 to ensure that, together with the restricted programme funding, funds of £200,340 are held for the following year's programme running costs.
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CLIMBING OUT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025
13. MOVEMENT IN FUNDS - continued
New Kit and Equipment
£3,265 of the funds received for new branded kit and equipment remain at the end of 2025. These funds have been released into unrestricted funds and will be used for ongoing equipment replacement costs.
Online programme project
£2,614 of designated funds for this project are unspent at the end of 2025 and are being carried forward to 2026 for ongoing platform costs for the online programmes.
Transfers between funds
The Trustees continue to hold at least the following year's programme running costs in reserves.
The restricted fund totalled £63,962 at the year end and so the Board have designated £188,725 to ensure that funds of £252,687 are held for the following year's programme running costs.
In 2025, a detailed review of restricted funding identified £12,006 of funding incorrectly classified as restricted funds. These funds have been released to unrestricted funds in the year ended 31 December 2025.
14. EMPLOYEE BENEFIT OBLIGATIONS
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £1,611 (2024: £1,505) Contributions totalling £327 (2024: £288) were payable to the fund at the balance sheet date.
15. RELATED PARTY DISCLOSURES
Included within Other Debtors is a balance of £2,850 (2024: £3,100) in relation to a loan to Kelda Wood, CEO of the Charity.
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