Mount Batten Centre Charity Trust Annual Report and Financial Statements Year Ended 31 December 2021 Charity registration number.. 1159633
Mount Batten Centre Charity Trust Contents Reference and Administrative Details Trustees, Report 2to8 Statement of Trustees, Responsibilities Independent Examinels Report 10 statement of Financial Aclimlies 11 to12 Balance Sheet 13 Notes lo the Financial Statements 141024
Mount Batten Centre Charity Trust Reference and Administrative Details Trustees Mr Robert Baggott Ms Charlotte Carlyle - appointed 6 May 2021 Mrs Claire Deacon - appointed 29 March 2021 Commodore Garelh Derrick Bsc RN - resigned 6 May 2021 Mr Timothy Geary Cnclr Jeremy Goslin - resigned 6 May 2021 Mr Adrian Kemp MBE Mrs Maria Manning Mrs Anna Sendall - resigned 29 March 2021 Mr Bill Wakeham - appointed 6 May 2021 70 Sl Lawrence Road Mount Batten Plymslock PLYMOUTH Devon PL9 9SJ Prlnclpal Office Charlty Reglstratlon Number 1159633 Solicitors Nash and Co Beaumont House Beaumont Park PLYMOUTH Devon PL4 9D8 Bankers HSBC Plymouth Commercial Centre Plymouth Intl Business Park PLYMOUTH Devon PL6 5ZE Independent Examiner Francis Clark LLP North Quay House Sullon Harbour PLYMOUTH Devon PL4 ORA Page 1
Mount Batten Centre Charity Trust Trustees, Report The Iruslees present their annual report together with the financial slalemenls of the charity for the year ended 31 December 2021. Objectlves and actlvities for the public benefit Whilst the postcode for the ¢enlTe itself is not in an area of social dgprivalion, the community il serves is. The young people who visit the ntre on a regular basis attend schools rooted where the index of multiple deprivation is in the bottom 100/0 nationally. The centre is commilled to focusing on the issue of employabllity for young people ss this is in many cases the most serious concern. According to Plymouth City Council's strategic plan "Plymouth's Plan for Employment and Skills 2014-2020" the proportion of young people who are classified as being Not in Education, Employment or Training INEETI is 2.30/, points higher in Plymouth than the South West. The proportion of 18-24 year olds claiming unemployment benefits remains elevated. In addition, young people with Special Educational Needs {SENI or a Learning Disability or DifficLJlly ILDDI account for a high number of those facirig unemployment. Current data reports that 16.8 /0 of post-16 learners with LDD are classified as NEET and a further 5.50/0 are recorded as slalus not known. NEET figures for Plymouth are 2.30/D points higher than the rest of the South Wesl. Of these, 170/D are Special Educational Needs and Disability ISENDI. Unemployment for 18-24 year olds is deemed lo be 'high'. Target schools fall within the lowest 10 /0 of areas nationally for employment as evidenced.. -For example. three of the cenlre's link schools have employment indices of below 10°/o. Sir John Hunt, PL5 4AA - 30/0. Brook Green Centre for Learning, PL5 4DZ - 8,/0 and Woodlands Special School, PL6 5ES- 6%. School holidays for example are a source of pressure for some families with children who are unable lo access activib'es, particulady as young people are less likely lo find paid work. Summer is when those school leavers who are already disengaged are al risk of drifting out of contact with services which signpost them to training and career opportunities. Community consLJltslion in Plymouth neighbourhoods [qUentlY raises concerns that young people do not have enough lo do, linking this to anti-social behaviour. Crime stalislics are as follows for the target areas.. PL5 - better than only 6Q/o of areas nationally PL6 better than 14010 of areas nationally Linking aelivilies lo the local agenda of Plymouth being a waterfront city and accrediting experience wherever possible should begin lo address ernployers, issues of young people lacking in skills and experience. A common characteristic amongst the young people that the Centre help, is a lack of opportunity lo learn about vocational career opportunities. This lack of exposure disadvantages young people as in comparison lo older workers they lack the skills, experlence and job-seeking insights relevant lo available jobs. Research by the Department for Education has highlighted a positive relationship between employer conlacls Iwork experience or career lalksl that a young person b&en 14-19 experiences in school and their career prospects. Young people surveyed who engaged wth four or more vocational career opportunities were five times less likely lo be NEET. "Plymouth's Plan for Employment and Skills 2014 - 2020 highlights that within Plymouth 40.10 of young people still leave school without five g(iod GCSES. Employability skills are a major issue for the city al all levels. Page 2
Mount Batten Centre Charity Trust Trustees, Report There is a definib've characteristic of a 'losl generation" of young Plymouthians drifting from education lo NEET slalus urgently in need of employability skills. The young people who have engaged with positIv8 aclivili&s al the centre have found the activities highly beneficial and specifie to their needs. One young person Commented 'The National Vocational Qualtfication INVQI programme gave me a reason to gel up in the morning and stick to a routine, and I gDI my confidence back.. it led to me getting work wilh Mount Ballen and the skills I got from that have led lo me getting work elsewhere" Many young people in Plymouth lack access lo positive acts'vilies and opportunities to learn about vocational career opportunities. This has been worsened by the current rise in unemployment affecting young people and their families. We will provide opportunities lo lake up new aclivilies, gain new skills. experience and qualifications, combined with practical information about pathways to vocational careers in sellings with local opportunities for employment. Need is greatest amongst vulnerable and disadvantaged young people in Plymouth, who will benefit hugely by taking part in slruclured. posrftive activities but who are the least likely lo do so. Those disengaged are al risk of drifting out of contact with seryices which signpost them lo training and career opportunities. Community consullalion in Plymouth neighbourhoods frequently raises concerns that young people do not have enough lo do, linking this to anti-social behaviour. Although Plymouth is a waterfront city, many young people have never learnt principles of positive risk taking, leading lo unsafe behaviour. The Charity continues its efforts lo generate opportunity at all levels across the sector working with number of other charities and operators to identify need, source provision and also funding provision to create the opportunities. The Iruslees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 and have due regard lo the public benefit guidance published by the Charity Commission for England and Wales. Publlc beneflt The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard lo the public benefit guidance published by the Charity Commission for England and Wales. FundraiTsing and reasonlng In its seventh full year as a charity the Cgnlre has continued lo operate its general offer of providing affordable Waler-sports and AdvenlLJrous activities lo the local populace bul also has worked hard to engage more fully with some of its identified target groups and raise funds lo support this work and has done so in a manner to support and engage groups who, like many have been challenged by the COVID 19 pandemic. Specific fundraising efforts have been focused around those groups who are socially disadvantaged due lo either social or economic issues or those whom have special educational needs. Specrfic fundraising has also been sort and grant funding achieved to support both the continued delivery of the on water and adventurous engagement at many levels bul also to ensure that as far as possible the risks associated with COVID 19 are minimized as far as is reasonably practicable for the this environment. Page 3
Mount Batten Centre Charity Trust Trustees, Report The Centre haslis also working on a number of other inilialives during the year ended 2021 and beyond to reinvest in both equipment and infrastructure and create other opportunities across the City and beyond. The Centre aims lo increase ils partnership working and reach in order lo increase impacts and resullanl oulpuls into the community, creating more engagerllenl with the water and outdoor and thereby deriving positive experiences for more people across the City and ils locality. During the year the Centre and its on water delDiery through the Charity was a key part of Sport England awarding a mulli partner school based activity project lo the City, now called the 'Making Waves PrDjecl'. Across the year 2021, the Charity has made considerable investments to modernise ils dinghy and paddleboard stocks, invest in training of n&w instructors and indeed is committed lo conducting holding repairs lo its pontoon, after a season of high demand due lo the 'compression effect, of COVID 19. This will ensure that il remains slruclurally safe and suitable for use and indeed cosmetically in better order as we work towards a replacement in full al some point after 2023. Flnanclal review The balance held on unrestricted funds at 31 Decomber 2021 was £258,869 12020.. £109,971), of which £185,518,12020..£135,8481 is represented by fixed assets and is not therefore readily available. As slated il is the airn lo grow these reserves lo a higher level over the coming years in order lo create a stable platform for the charity moving forward. The balance held on reslricled funds 8t 31 December 2021 was £58,472 12020.. £73,8431 of which £52,778 12020.. £59,729) is represented by fixed assets and is not therefore readily available. Pollcy on reserves Leisure is a very wide market and remains toward the bottom of people's spend priorities. This when coupled wlh low levels of disposable income in the locality and the levels of deprivation identified above give rise lo the Centre being positioned in a difficult market. It is the aim of the Charity lo grow its reserves once more after the initial investment in the Charity conversion to a level where the Charity is able lo we21her any issues arising from unforeseeable iSSLJes with cash-flow. As the Charity is part of a structure of companies whom have been in operation for 16 years then the cash-flow through the year is well known and monitored and such pressures as those created by the living wage initiative have already been considered and planned for. The Iruslees aim to maintain free reserves in unreslricled funds al a level which equates to approximately 3 months of unreslricled expenditure. The Iruslees consider the CIO'S exposure to major risks in terms of their likely impact on income sources and planned expenditure in the short to medium term. as well as assessing the best way lo manage such risks. The Centre Director reports to the Trustee's on a quarterly basls regarding threats to the Charity via an updated risk register. Plan5 for future perlods The Charity is working lo grow its reach and engagement by making ils activities more accessible through both working with other charitable groups on initiatives and making good use of 'cash free, methods of engagement such as 'recycle for rewards, (recycling used clothing throLJgh a third party partner to gain credits lo spend on aclivilyl, thereby removing barriers and making the offerings more ob18inable. Page 4
Mount Batten Centre Charity Trust Trustees, Report Golng concern The Trustees and management have considered and discussed the impacts of COVID-19 as far as is reasonably practicable, along wth the best information available al this lime. When combined wlh other, more positive indicators and conversations with other wider interested parties, they do not consider there lo be a material uncertainty that casts significant doubl upon the Charity's ability lo continue as a going concern. As the Charity is linked to the wider Group, given the scale of the property wthin said group and the lack of charges against it, thus perrnilling possible funding streams to be accessed by way of secured loans, then il is seen that there are no material uncertainties in connection with the Charity's ability to continue as a going concern. particularly when the Centre and therefore the Charity are linked lo the Visitor plan for Plymouth and the exciting prospect of the National Marine Park. Covid 19 key polnts 16-03-20 - First public communications regarcsing hygiene expectations to clubs and users. 17-03-20 - Steps taken to minimise access lo site lo 'only essential, whilst awaiting further guidance. 20-03-20 Notice of Temporary closure issued al 11 am to lake &ffecl as of 1600hrs that same day 13-05-20 Reinforcement of non operable al present time but reviewing the rapidly developing situation 15-05-20 Following DDCMS guidance update on work in hand and inlerpretalion of the rLJles and how they apply lo our users. Staffed operations at low level returning from 20105120 on a shortened hours operational basis. 12-06-20 - Notice of amendment to operational hours issued based on feedback from users. 09-07-20 - Further progression on phased opening annoUnd with Kayak and SUP being delivored lo small groups via COVID secure trained protocols. 25-09-20 Update on enhancement of safely measures in line wlh reviewed guidance. 01-11-20 Update ref announcements on closures ref Tier system - Review 04-11-20 Announcement on closure ref lockdown 2 based on tier system 06-11-20 Announcement on lockdown two allowances with clarity from DDCMS and UKports plus newly installed SMARTLOCK system. 04-12-20 - Update on easing of restrictions post 'lockdown2' with a reminder of tier 2 guidance. 31-12-20 - Move lo tier 3 announcement 04-01.21 Lockdown 3 announcement 12-03-21 - Announcement and inlerpretslion of the 'road map, 21-04-21 Opening Hours update 17-05-21 Centre usage and accessibility of areas update 18-06-21 Conlinualion of reslri¢lions and delay of 'free(Som day, update. 15-07-21 Easing of restriction or 'freedotn dal statement that controls will remain as they were for the Centre. 25-07-21 Major events & continued control measures update. Page 5
Mount Batten Centre Charity Trust Trustees, Report Cost reduction strategles.. From day one of the CJRS scheme being announced and until the flexible CJRS scheme was launched then through lockdown 1 only the Centre Director was working and that was voluntarily reduced lo 800/D in line wlh others, wherever possible costs were minimised. memberships and fees were paused for broadly two months and income was indeed almost non-existent for the first lockdown period. Income improved after lockdown 1 bul in broad terms remained at around 259/0 of normal levels loulside of grant fund support). Funding support galned.. Given the liming of lockdown 1, as a seasonally Influenced business then cashflow support Was sought visa the businesses commercial bankers via the CBILS scheme in order lo slabilise and support cashflow in the short lo medium term. Various ARG and NDR grants alongside CJRS to maintain and slabilise the Centre and ils future delivery. Golng forward The inilialives of the Centre and the Charity remain consistent going into 2022 and it is fundraising in particular for funds to support activity and allow il lo deliver programmes for the local populace as identified below. The need for this funding is greater than ever as the social support for them which used to assist the Centre in their delivery. particularly during the long summer school holidays is no longer available to the Centre nor ils local authority whom it had partnered with historically. As mentioned above the Charity is working across an ever wdening network and in an increasing number of partnerships to increase its impacts within the community and engage more people with the outdoor and pa'cUlarlY the 'Blue Space, of Plymouth Sound. The Cenlrg is one of five hubs in terms of delivering the Heritage Lottery funded engagetnent piece linked to the Creation of the UK'S rst National Marine Park in Plymouth Sound. Not just the young The Centre provides services aeross a broad spectrum of users from 7 years of agg and up and whilst it is recognised that a large portion of the direct inleraclion is with the younger age groups, the Charity drives lo engage and meet with the requirements of the broader populace from school leaver, through ils Outdoor Activity Apprenticeship program through to individual leisure craft user by engaging and enrolling onlo taster sessions or indeed governing body training courses thereby improving rates of physical activity, promoting good practice, safe operation and improving levels of knowledge relevant lo the activity and indeed in some cases giving rise lo employment opportunities either within the Cenlre's operation or indeed al similar facilities elsewhere. The Centre also engages on a repealed basis with groups with specific special needs and works to provide a positive experience for all through this. Page 6
Mount Batten Centre Charity Trust Trustees, Report Changes through activities The Centre is well experienced and indeed has a proven track record of the benefits of engagement with the young, disadvantaged and indeed other groups alongside its other slated aims of providing 'affordable Waler-sports and activity opportunities lo the general popuSace'. We know that engagements within our environments can give rise to improvements in self confidence and self-esleem, improve engagement and attendance figures, improve teamwork, leadership skills, communication and mutual understsnding and also benefit health through physical activity in the natural environment. We encourage healthier and more active people and communities enabling yOLJng people lo ty new activities, increasing knowledge about accessing future opportunities. Health and safety is integral lo our work, educating young people about positive risk taking through practical experience combined with knowledge, including water safely in a coastal city. The Plymouth Children & Young People's Plan raised concerns about dangerous activities by young people. We promote benefits of a healthy lifestyle in our courses, receiving excellent feedback about positive outcomes, for example young carers attending a course on healthy lifestyles we provided for Barn8rdo's. Continuation of good work done Against a backdrop of reslricled or in some cases removed budgets for extra-currlcul8r, social or health engagement due to changes in Central Government and Local Government policy, the Charity will continue to expand il's fund raising base from simple quick wins (such as clothing recycling. collection boxes and printer cartridge recycling) through lo bigger larye scale funding bids such as those run by bodies such as Children in Need. This wll ensure that the social. physical. mental and aspiralional offers which it can facililale can be maintained and indeed be grown across the next few years thereby ensuring its benefits can be derived by the local community in line with the original reasoning for the Centre being established and as identified in ils original Sport England Agreement. Structure, governance and management Alature of governing document The trust is a registered charity number 1159633 and is a charitable incorporated organisalion conslilutad under trust deed dated 15 December 2014 in England and Wales. If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling ils debts and liabilities. Recruitment and appointmgnt of trustees The constitution provides for a minimum of 4 and a maximum of 8 trustees, of which three musl be nominated CIO trustees from Plymouth City Council. Plymouth University and the affiliatè clubs. Organlsatlonal structur¢ Overall responsibility for the management of the CIO is vested in the trustees. The names of the Iruslees are sel out on page 1. The day lo day management of the charity is carried out by the centre manager Alex King who receives remuneration from the charity for services provided. Pago 7
Mount Batten Centre Charity Trust Trustees, Report Relationships with related partles Mount Balten Park Limited Controlled by the same directors and trustee5. Mount Batten Park Limited supplies slaff to the trust and operates a loan account. Mount Batten Sailing and Water Sports Centre Controlled by the same directors and Iruslees. The building used by the trust is owned by Mount Batten Sailing and Water Sports Cenlre, the holding company of Mount Ballen Park Limited. The annual report was approved by the trustees of the charity on behalf by.. and signed on its Mr Robert Baggott Trustee Page 8
Mount Batten Centre Charity Trust Statement of Trustees, Responsibilities The Iruslees are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel and applicable law and regulations. The law applicable lo charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial slaterllents, the trustees are required to.. select suitable accounting policies and then apply them consislenlly.. observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial slatemenls., and prepare the financial slalements on the going concem basis unless Il is inappropriate lo presume that the charity will continue in business. The Iruslees are responsible for keeping proper accounting records that disclose with reasonable a¢¢ura¢y al any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Rfjportsl Regulations, and the provisions of the conslitulion. The trustees aro 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. Approved by the trustees of the charity on and signed on ils behalf by.. Mr Robert Baggott Trustee Page 9
Mount Batten Centre Charity Trust Independent Examinerfs Report to the trustees of Mount Batten Centre Charity Trust I report lo the charity Iruslees on my examination of the accounts of the charity for the year ended 31 December 2021 which are sel out on pages 11 to 24. Respective responsibilities of trustees and examlner As the charity's Iruslees of Mount Batten Centre Charity Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Mount Batten Centre Charity Trusys accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515)Ibl of the Act. Independent examiner's statement Since Mount Ballen Centre Ch8rity Trusfs gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the ICAEW which is one of the listed bodies. I havo corrpleled my examination. I confirm that no material matters have come to my attention in connection with the examination glving me cause lo believe that in any malerfal respect.. 1. accounting records were not kept in respect of Mount Ballen Centre Charity Trust as required by section 130 of the Act., or 2. the accounts do not accord with those records-, or 3. the accounts do not comply with the accounting requirements concerning the form and content of accounts sel out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other mallers in connection with the examination to which allenlion should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. ames Barr ttFCA Independent examiner On behalf of Francis Clark LLP North Quay House Sutton Harbour PLYMOUTH Devon PL4 ORA Date.. I}...I.o.% l.LC).it Page 10
Mount Batten Centre Charity Trust Statement of Financial Activities Year Ended 31 December 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2021 Unrestricted Restrlcted Note Income and Endowmenls from: Donations and legacies CJRS income Grants, including capitsl grants Provision of watersport and educational activities Other trading aclNities Investment income 959 52,106 198,376 10,704 11,663 52,106 215.943 17,567 222,285 198.516 19 222,285 198,516 19 Total Income 672.261 28,271 700,532 Expendlture on.. Raising funds Charitable activities 15,648) 517,715 15,648} 1561,357 {43,642 Total Expenditure Net movement in funds 523,3631 43,642 {567,005 148,898 115,3711 133,527 Reconciliation of funds Total funds brought forward Total funds carried forward 109.971 73,843 183,814 17 258,869 58,472 317,341 Total 2020 Unrestrlcted Restricted Note Donations and legacies CJRS income Grants, incuding cailal grants Provision of watersport and educational 8clivilies Other trading acliviles Investment income 15,105 98,830 118,715 12,403 27,508 98,830 119,715 1,000 41,361 78,571 41,361 78,571 Total Income 352,585 13,403 365,988 Income and Endowments from: Expenditure on.. Raising funds Charitable activities 15,8261 {369,924 15,8261 378,918 {8,994) Total Expenditure Net movement in funds The notes on pag8s 14 10 24 form an int8gr81 part of these financial stslernents. Page11 375,750} 8,994 384,744 123,1651 4,409 118,7561
Mount Batten Centre Charity Trust Statement of Financial Activities Year Ended 31 December 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2020 Unrestrlcted Restricted Note Re¢on¢iliatlon of funds Total funds brought forward 133,136 69,434 202,570 Total funds carried forward 17 109,971 73,843 183,814 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 and 2020 are shown in note 17. Th8 not8s on pages 14 to 24 form an integral part of thas8 financial statement5. Page 12
Mount Batten Centre Charity Trust
Balance Sheet
31 December 2021
| 31 December 2021 | 31 December 2021 |
|---|---|
| Note 2021 £ 2020 £ |
|
| Fixed assets | |
| Tangible assets 12 |
238,296 195,577 |
| Current assets | |
| Stocks 13 |
1,024 1,305 |
| Debtors 14 |
301,468 225,981 |
| Cash at bank and in hand | 164,078 104,886 |
| 466,570 332,172 |
|
| Creditors: Amounts falling due within oneyear 15 |
(206,136) (122,546) |
| Net currentassets | 260,434 209,626 |
| Total assets less current liabilities | 498,730 405,203 |
| Creditors: Amounts falling due after more than oneyear 16 |
(181,389) (221,389) |
| Netassets | 317,341 183,814 |
| Funds of the charity: | |
| Restricted income funds | |
| Restricted funds | 58,472 73,843 |
| Unrestricted income funds | |
| Unrestricted funds | 258,869 109,971 |
| Total funds 17 |
317,341 183,814 |
The financial statements on pages 11 to 24 were approved by the trustees, and authorised for issue on 20/07/2022 and signed on their behalf by:
Mr Robert Baggott Trustee
The notes on pages 14 to 24 form an integral part of these financial statements. Page 13
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2021 1 Accounting policles Statement of compllance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffeclive 1 January 20191 Icharilies SORP IFRS 10211, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) and the Charities Act 2011. Basls of preparation MoLJnl Ballen Centre Charity Trust meets the definition of a public benefit ents'ly under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise staled in the relevant accoLtnling policy notes. Exemption from preparlng a cash flow statement The charity opted lo early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial stalemenls. Golng concern and Impact of Coronavlrus The Trustees and management have considered and discussed the impacts of COVID-19 as far as is reasonably practicable, along with the best information available at this lime. When combined with other, more positive indicators and conversations with other wider interested parties, they do not consider there lo be a material uncertainly that casts significant doubl upon the Charity's ability lo continue as a going cOnrn. As the Charity is linked lo the wider Group, given the scale of the properly within said group and the lack of charges against it, thus permitting possible funding streams to be accessed by way of secured loans, then il is seen that there are no material uncertainties in connection with the Charity's ability lo continue as a going concern, particularly when the Centre and therefore the Charity are linked lo the Visitor plan for Plymouth and the exciting prospect of the National Marine Park. Income and endowments All income, including income from walersport and operations of the centre, is recognised once the charity has entitlement lo the income, it is probable that the income will b8 received and the amount of income receivable can be tneasured reliably. Donatlons and legacles Donab'ons and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. In the event that a donation is subject lo conditions that require level of performance before the charity is entitled lo funds, the income is deferred and not recognised until either those conditions are fully mel. or the fulfilmenl of those conditions is wholly within the control of the charity and il is probable that those Conditions wll be fulfilled in the reporting period. Page 14
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2021 Grants recelvable Grants are recognised when the charity has an enlillemenl lo the funds and any conditions linked to the grants have been met. Where performance conditions are allached lo the grant and are yet to be mel, the income is recognised as a liability and included on the balance sh881 as deferred income to be released, Deferred income Deferred income represents amounts received for future periods and is released to incoming resources in the period for which11 has been received. Such incorne is only deferred when.. -The donor specrfies that the grant or donation must only be used in future accounting periods.. or -The donor has imposed conditions which must be mel before the charity has uncondib'onal entillemenl., or Delivery of the seNice is in a subsequent period. Glft ald Incoming resources from lax reclaims are included in the Slalement of Financial Activities al the same lime as the gift lo which they relate. Expenditure All expenditur& is recognised once there is a legal or conslruclive obligation to that expenditure, is probable settlement is required and the amount can be measured reliably. All costs are allocated lo the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed lo particular headings they have been allocated on a basis Consislenl with the use of resources and depreciation charges allocated on the porbon of the asset's use. Raising funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Charltable actlvltles Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for ils b8neficiaries. 11 includes both costs that can be allocated directly lo such activities and those costs of an indirect nature necessary to support them. Support Costs Support costs include central functions and have been allocated lo activity cost categories on a basis cor)sislent with the use of resources, for example, allocating property costs by floor areas, or per capila, staff costs by the lime spent and other costs by their usage. Governan¢9 costs These include the costs allribulable to the charills ¢ompliance with conslilulional and stalulory requirements, including independent examination, strategic management and trustees's meetings and reimbursed expenses. Page15
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2021 Taxation The charity is considered to pass the lesls sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempl from tsxalion in respect of income or capital gains received within categories Covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the exlenl that such income or gains are applied exclusively lo charitable purposes. Tanglble flxed assets Individual fixed assets costing £500.00 or more are initially recorded al cost. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as lo write off the cost or valuation, less any estimated residual value, over their expected useful econornic life as follows.. Asset class Walersports equipment Computer equipment Furniture and fixtures Motor vehicles Depreclatlon method and rate 100/a Straight line 25 /0 Straight line 25Q/o slraighl line 250/D reducing balance Stock Stock is valued al the lower of cost and or nel realisable value. Donated items of stock are recognised al fair value which is the amount the charrty would have been willing lo pay for the items on the open markel. Trade debtors Trade and other debtors are recognised al the selllemenl amount due after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. Trade credltors Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due lo sellle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Fund structure Unreslricled income funds are general funds that are available for use al the truste&s's discretion In furtherance of the objectives of the charity. Reslricled income funds are those donated for use in a partiCLJlar area or for specific purposes, the use of which is restricted to that area or purpose. Page 16
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2021 Flnanclal Instruments Classificatlon The trust only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial inslrutnents are initially recognised al transaction value and subsequently measured al their selllemenl value with the exception of bank loans which are subsequently measured al amortised cost using the effective interest method. Financial assets and financial liabilities are recognised when the charity becomes a party lo the conlraclual provisions ot the inslrumenl. 2 Income from charltable actlvltles Unrestricted general funds Total 2021 Total 2020 Watersport and educational courses 222,285 222,285 41,361 3 Income from trading actlvlties Unrestricted general funds Total 2021 Total 2020 Fees and supplies Accommodats'on and hire incorne 38,180 160,336 38,180 160,336 22,306 56,265 198,516 198,516 78,571 4 Expendlture on ralslng funds al Costs of generating donations and legacies Unrestrl¢ted general funds Total 2021 Total 2020 Note Marketing and publicity 5.648 5,648 5,826 Page 17
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2021 5 Expenditure on charitable actlvltles Unrestrlcted general funds Restricted funds Total 2021 Total 2020 Walersport and educational a¢livilies Direct staff costs Premises costs Depreciation Bank charges Governance costs 79,906 261,804 115.061 34.339 24,385 2,220 12,097 21,725 1,711 8,109 92,003 283,529 116.772 42,448 24,385 2,220 18,267 233,104 70,844 35,092 18,361 3,250 517,715 43,642 561,357 378,918 £517.715 12020.. £369,924) of the above expenditure was allribulable to unrestricted funds and £43,64212020'. £8,994} lo reslricled funds. 6 Analysls of governance and support costs Governance costs Unrestricted general funds Total 2021 Total 2020 Independent examiner f8es Examination of the financial statements Independent examiner fees overprovided in previous years 3.220 3,220 3,250 1,000 11,0001 2.220 2,220 3,250 7 Net outgolng resources Nel outgoing resources for the year include.. 2021 2020 Depreciation of fixed assets 42,448 35,092 Page 18
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2021 8 Trustees remuneratlon and expenses The charity is prohibited by ils constitution from paying any salaries, remuneration or benefits in money or monies worth lo ils Iruslees or any dividends. bonus or share of profits lo ils members. No trustees. nor any persons connected with them, have received any remuneration from the charity during the year. No Iruslees have received any reimbursed expenses or any other benefits from the charity during the year. 9 Staff costs The aggregate payroll costs were as follows.. 2021 2020 Staff costs durlng the year were: Wages and salaries 283,529 233,104 The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows.. 2021 No 13 2020 Full and part lime employees 12 No employge received emoluments of more than £60,000 during the year During the year the charity used staff employed by Mount Batten Park Limited lo fulfil charity roles, SLJch costs have been recharged lo the charity. The total amount recharged during the year was £187,561 12020: £162,145). The key management personn81 of the charity consist of the trustees. There were no employee benefits paid to the trustees during the year12020.. £nill. Page19
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2021 10 Independent examiner's remuneratlon 2021 2020 Examination of the financial statements 3,220 3,250 11 Taxation The charity is a registered charity and 15 therefore exempt from taxation. 12 Tangible fixed as59ts Other Computer tanglble flxed equipment asset Furniture and equipm9nt Motor vehlcles Total Cost Al 1 January 2021 Additions 27,709 4,377 5.218 3,693 309,860 80,790 346,480 85,167 At 31 December 2021 32,086 5.218 3,693 390,650 431,647 Depreciation Al 1 January 2021 Charge for the year 25,118 3,842 3.255 118.688 150.903 2,594 391 39,119 42.448 Al 31 December 2021 27,712 4,186 3,646 157,807 193,351 Net book value At 31 Decernber 2021 4,374 1,032 47 232,843 238.296 Al 31 December 2020 2,591 1,376 438 191,172 195,577 13 Stock 2021 2020 Stocks 1,024 1,305 Pagè 20
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2021 14 Debtors 2021 2020 Trade debtors Due from group undertakings Prepayments VAT recoverable Other debtors 121.620 171,680 2,955 688 4,525 79,981 127,100 3,559 15,341 301,468 225,981 15 Creditors.. amounts falllng due withSn one year 2021 2020 Loans Trade Creditors Other laxalion and social security CJRS overclaimed Other cr8dilors Accruals Deferred income 42,636 19,209 743 31,225 3,060 2,825 5.757 234 7,220 72,225 380 11,360 131.808 206,136 122,546 2021 Deferred income al 1 January 2021 Resources deferred in the period Amounts released from previous periods Deferred income at 31 December 2021 72,225 131,808 72.2251 131,808 16 Credltors: amounts falling due after one year 2021 2020 Loan 181,389 221.389 The charity has two loans of which £44,722 is unsecured and Interest free with repayments lo be made over a maximum of five years. Repayments were due lo comrnen in April 2020 bul due lo the COVID 19 pandemic a payment holiday was given. The balance of £136,687 relates a Coronvirus Business Interruption loan where repayments commenced on 6 June 2021. Interest of 3.990/0 above bank base rale is chargeable and the loan is guaranteed by the UK Government under the CBILS Guarantee. Pag8 21
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2021 17 Funds Balance at 31 D9¢ember 2021 Balance at 1 January 2021 Incoming resources Resources expended Unrestricted funds General Unrestricted funds 109,971 672,261 1523,363) 258,869 Restricted funds Reslricled funds 73,843 28,271 43,642 58,472 Total funds 183,814 700,532 1567.005 317,341 Restricted funds In 2019 the charity received £8,000 from the Claire Milne Charitable Trust towards the Mayflower Activity Prograrllme for children with special educational and physical disabilib'es, during the year £6.000 was spent on staffing costs. The balance of £2,000 will be carried forward for use in future years. In 2020 £4,403 was received from Sports England for the development of the Toyota Parasport Fund projecl to allow disabled people in and around Plyrnoulh lo ¢litnb and canoe. During the year staff costs of £3.245 were incurred and climbing equipment costing £1,158 was purchased. A depreciation provision of £115 has been included in the accounts in resecl of the climbing equipment. The balance carried forward of £1,043 has been included in fixed assets. During the year the charity received £1.000 from Channel Training, this amount has been fully spent in the year on apprentice salaries. BBC Children in Need donated £8.224 during the year lo deliver sports and adventures activities for children from low income families. This amount was fully spent on walersport activity costs during the year. During the year Livewell donated £2,480 towards a Mindfulness climbing and SUP project, this amount has been fully spent on associated salaries delivering the project during the year. The charity received a RYA grant of £7,567 to provide activity days with RYA accreditation, during the year £3,873 was spent on waleTSPOrts activity costs. The balance Df £3,694 will be carried forward for use in future years. During the year the charity received a restricted grant of £9,000 from ESFA towards apprentice costs. this amount has been fully spent on apprentice salaries. Page 22
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2021 In 2018 the charity received the following amounts towards the purchase of a clirnbing wall £600 from Prudence Lodge, £20,000 from Peter Harrison and £2,000 from Fox Glove. In 2019 the centre received additional amounts ot £3,215 from the Edward Gosling Foundation and £15,000 from Sport England. In 2019 £39,104 was spent by the centr8 on a climbing wall, a further £1,711 has been spent on wall inspections and fittings this year. Deprecation provisions of £7.822 had been made in previous year's and a further provision of £3,911 has been included in this years accounts. The balance carried forward of £27,371 is included in fixed assets. In 2018 the centre received a restricted grant of £26.475 from Plymouth City Council lo support sustaining training in walersports and adventurous aclivily. All of this grant was used lo purchase boats included in fixed assets. Depreciab'on provisions of £7,944 had been made in previous years and a further provision of £2,648 has been made in this year's acwunls. The balance carried forward of £15,883 is included in fixed assets. In 2018 a donation of £9.450 was made by the Esm88 Fairbairn Foundation for the purchase of a boat and a hoist. A boat costing £7,336 was purchased in 2018. Deprecation provisions of £2,202 had been made in previoLJS years accounts and a further provision of £734 has included in this year's accounts. The balance of £4,400 has been included under fixed assets. The hoist was purchased in 2019 costing £2,114 and has been depreciated by £422 in previous years with a further provision of £211 being included in this years accounts, the balance of £1,481 is also included in fixed assets. In 2018 the Gibbon Family Trust donated £1,500 towards the cost of a boat. depreciation provisions of £450 had been made in previous years accounts and a further provision of £150 has been included in this year's accounts. The balance of £900 is included in fixed assets. In 2017 the centre was donated £3,400 towards the purchase of a boat, depreciation provisions of £1,360 has been provided in previous years and a further provision of £340 has been included in this year's 8ccounls. The balance carried forward of £1,700 is included in fixed assets. Balance at 31 December 2020 Balance at 1 January 2020 Incomlng rosources Resources expended Unrestrlcted funds General Unreslricled funds 133,136 352,585 1375,7501 109,971 Restrlcted Restricted funds 69,434 13,403 18,994 73,843 Total funds 202,570 365,988 1384,744} 183,814 Page 23
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2021 18 Analysls of net assets between funds Total funds at31 December 2021 UnrestriGted funds General Restrlcted funds Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total nel assets 185,518 460,876 1206,136} 1181,389 258.869 52,778 5,694 238,296 466,570 1206,1361 181,3891 317,341 58.472 Total funds at31 December 2020 Unrestricted funds Ggneral Restricted funds Tangible fixed assets Current asse15 Current liabilities Creditors over 1 year Total net assets 135,848 318.058 199.2131 1244,7221 59,729 14,114 195,577 332,172 199.2131 1244,7221 183,814 109,971 73.843 19 Related party transactlons During the year the charity made the following related paty transactions.. Mount Batten Park Limited (Controlled by the same directors and Iruslees}. During the year Mount Batten Park Limited operated a loan account with the charity who supplied staff costing £187,561 12020.. £162,145) to Mount Batten Park Limited. Al the balance sheet date the amount due from Mount Batten Park Limited was £157,63012020 - £114,367). Mount Batten Sailing and Water Sports Centre (Controlled by the same directors and trusleesl. The building used by the charity is owned by Mount Batten Sailing and Water Sports Cenlre, the holding company of Mount Batten Park Limited. During the year Mount Batten Sailing and Water Sports Centre paid expenses of £25,380 on behalf of the charity and the charity paid costs of £24,975 on behalf of Mount Batten Sailing and Water Sports Centre {2020.. the charity paid £1,513 on behalf of Mount Batten Sailing and Water Sports Cenlrel. Repayments of £3,800 were made lo the company by the charity and an additional £2,077 was transferred from the company lo the charity. Al the balance sheet dale the amount due from Mount 8atten Sailing and Water Sports Centre was £14,05012020 - £12,733). Page 24