Mount Batten Centre Charity Trust Annual Report and Financial Statements Year Ended 31 December 2023 Charity registration number: 1159633
Mount Batten Centre Charity Trust Contents Reference and Adminislralive Detai15 Trustees, Report 2to5 ststemenl of Trustegs. Responsibilities Independent Examiner's Report Statement of Financial Activities 8109 Balance Sheet 10 Notes lo the Financi81 Statements 11 10 21
Mount Batten Centre Charity Trust Reference and Administrative Details Trustees Mr Richard Stevens Ichairl Mr Robert Baggott Mr Stephen Curnow Mrs Sue Dann Mr Tudor Evans Mr Timothy Geary Mr Adrian Kemp MBE Mrs Maria Manning 1159633 Charlty Registration Numbor Principal Office 70 St Lawrence Road Mount Batten Plymslock PLYMOUTH Devon PL9 9SJ Independent Examlner Francis Clark LLP Melville Building East Unit 18, 23 Royal William Yard PLYMOUTH Devon PL1 3GW Solicitors Nash and Co Beaumont House Beaumont Park PLYMOUTH Devon PL4 9DB Bankers HSBC Plymouth Commercial Centre Plymouth Intl Business Park PLYMOUTH Devon PL6 5ZE Page 1
Mount Batten Centre Charity Trust Trustees, Report The Iruslees present the annual report together with the financial sl8temenls of the charity for the year ended 31 December 2023. Trustees and officers The Iruslees and officers serving during the year and since the year end were as follows.. Trustees.. Mr Richard Stevens (Chairl lappoinled 5 March 20241 Mr Robert Baggott Ms Charlotte Carlyle (resigned 9 August 20231 Mr Stephen Curnow lappoinled 9 August 20231 Mrs Sue Oann (appointed 9 August 20231 Mrs Claire Deacon Iresigned 9 August 20231 Mr Tudor Evans lappoinled 9 August 20231 Mr Timothy Geary Mr Adrian Kemp MBE Mrs Maria Manning Mr Bharal Patel (resigned 9 August 20231 Mr Bill Wakeham (Resigned 9 August 20231 Objectives and activities for thg public bengfit Our centre commands stunning views out towards Plymouth's historic Barbican area, the Hoe and across lo Mount Edgcombe. 11 is perfectly situated on the tidal estuary of Plymouth Sound lo make it an ideal and safe location for thousands of people of all ages that use the centre each year. 11 is dedicated to providing opportunities for children from deprived areas lo access walersports, fostering not only physical health and wellbeing. bul also community inlegrab'on and personal development. 1. Improvlng Accesslblllty to Watersports We aim lo bridge the gap beeen Plymouth's rich maritime heritage and young people from deprived areas who may not otherwise have the chance lo engage with walersports aclivilies. By providing access lo sailing. kayaking, paddleboarding, and other aquatic activities, the centre promotes inclusion and equal opportunities across of broad spectrum of age group. regardless of their socio-economic background. 2. Prgmoting Health and Wellbelng Engaging with walersports has proven physical an¢J mental health benefits. Our programmes are designed lo encourage active lifestyles and help children develop resilience, confidence, and teamworking skills. through fun and challenging aetivilies. 3. Fosterlng a Connectlon wlth Nature and the Envlronment An integral part of our mission is lo help young people develop a sense of environmental stewardship. By connecting children with Plymouth's walerfronl and the ocean. we aim lo inslil a lifelong appreciation for natLsre and the importance of environmental COnseallon. Page 2
Mount Batten Centre Charity Trust Trustees, Report (continued) 4. Supporting Educatlonal Development and Lifelong Skllls Walersports provide a unique learning environment that enhances key skills such as communication, problem-solving, and leadership. Our centre offers structured learning opportunities through partnerships with local schools and youth groups, helping children develop both academically and socially. 5. Bullding Community Cohesion By engaging with children from different backgrounds, the centre acts as a plafform for social inclusion, helping to reduce inequalities and foster a sense of belonging within the commLJnity. We believe that shared experiences on the water help break down barriers and create positive relationships that extend beyond the activities themselves. Impact on the Community Through these objectives and aclivilies, the Centre contributes lo the overall well-being of the Plymouth community. particularly children from deprived areas. By minimising financial and social barriers lo participation, we are enhancing the quality of life for young people and building stronger community lies. Publlc beng The Iruslees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Fundraislng and reasoning The future of the Centre is sel to be incredibly exciting with the arrival of our new CEO, whose dynamic vision aligns perfectly with our ongoing mission lo stronglhen Plymouth's connection lo the sea. With a clear focus on innovation and community engagement, the new leadership will play a pivotal role in driving the implementation of the ambitious Horizon project, part of the Plymouth Sound National Marine Cenlre. This transformative initialive will not only enhance our facilities bul will also deepen the city's maritime heritage, creating new opportunities for residents and visitors alike. Under the Horizon project, we will see a m8jOf upgrade to our parbcipanl facilities, and public realm, offering modem and welcoming spaces for both short-lerm visitors and long-lerm educational programmes. A new ponlcx)n will expand access lo the water. making it easier for more people to experience walersports and explore the beauty of Plymouth Sound. Additionally, the enhancement of café facilities will create a vibrant social hub, encouraging more community interaction and attracting people to the waterfront. Our new CEO is fully committed to ensuring that these developments reflect the neods of the community while positioning PlymoLJth as a leader in marine conservation, education, and recreation. Together, we will create a more connected and sustsinable future for the city. Pag8 3
Mount Batten Centre Charity Trust Trustees, Report (continued) Flnancl81 revlew The balance held on unrestricted funds at 31 December 2023 was £250,761 12022.. £256,888), of which £176,656. 12022.. £198,290) is represented by fixed assets and is not therefore readily available. As slated, il is the aim lo grow these reseryes lo a higher level over the coming years in order to create a stable platform for the charity moving forward. The balance held on reslricled funds al 31 December 2023 was £55,43412022.' £72,180) of which £55,43412022: £72,180) is represented by fixed assets and is not therefore readily available. Policy on reserves The overall aim of the Charity is to maintain adequate reserv8S to ensure financial sustainability and long-term suslainabilily of the Cenlre. Going fotward the Centre under the direction of the new Chair will review reseNes policy.. which will be reviewed with elements such as the creation of a sinking fund, as listed within the Horizons Project partnership agreements. Structure. governanco and management Nature of governing document The trust is a registered charity number 1159633 and is a charitable incorporated organisalion consliluled under trust deed dated 15 Decembgr 2014 in England and Wales. If the CIO is wound up, the members of the CIO have no liability to contribute lo ils assets and no personal responsibility for settling ils debts and liabilities. Recruitment and appointment of trustges The constitution provides for a minimum of 4 and a maximum of 8 trustees, of which three must be nominated CIO Iruslees from Plymouth City Council, Plymouth University and the affiliate clubs. Oryanlsatlonal slructure Overall responsibility for the management of the CIO is vested in the trustees. The names of the trustees are sel out on page 1. The day to day management of the Charity is earned out by the Chief Operating Officer. Page 4
Mount Batten Centre Charity Trust Trustees, Report (continued) Relationships with related parties Mount Batten Park Limited Controlled by the same directors and trustees. Mount Batten Park Limited supplies staff 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 Centre, the holding company of Mount Batten Park Limited. Golng concern The Centre has established robust business plans and cash flow forecasting which include scenario rnodelling lo ensure that there are no material uncertainties in connection with the charitls ability to conlinLJe as a going concern. The Centre is also linked lo the visitor plan for Plymouth and is part Of the exciting project of the National Marine Park. The appoinlrnent of our new CEO will drive forward a new business plan and strategy including a focus on commercial opportunities and securing grant funding. Successful implemenlalion of these points will ensure sufficient funds for the future. In addition as the Charity is linked lo the wider Group, given the scale of the property 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 to continue as a going concern. The annual report was approved by the trustees of the charity on behalf by. and signed on its Mr Richard Stevens Chair and Trustee Pag8 S
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 Aceepled Accounting Practice) and 8ppIic8ble law and regulations. The law applicable lo charities requires the Iruslees lo prepare financial slalemenls for each financial year which give a true and fair view of th& slate of affairs of the charity and of the incoming resources and application of resources of th& charity for that peri¢)d. In preparing these financial stalemenls, the Iruslees are required lo.. select suitable accounting policies and ltten apply them consistently, obseNe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent.. slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial stalemenls., and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the conslilulion. The trustees 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. The Iruslees are responsible foi the maintenance and integrity of the corporate and financial information included on the charitable companrfs website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the Iruslees of the charity on and signed on its behalf by. Mr Richard Stevens Chair and Trustee Pag8 6
Mount Batten Centre Charity Trust Independent Examiner's Report to the trustees of Mount Batten Centre Charity Trust I report to the trustees on my examination of the accounts of Mount Batten Centre Charity TTUSt for the year ended 31 December 2023. Responsibilitios and basis of report As the charity trustees of Mount Ballen Centre Charity Trust you are responsible for the preparation of the accounts in accordance with the requirem8nts of the Charities Act 2011 {'the Acl'l. I report in respect of my examination of the Mount Batten Centre Charity Trusvs accounts carried out under section 745 of the 2011 Act and in carying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llb} of the Act. Independent examiner's statement Since Mount Batten Centre Charity Trust's 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 lo undertake the examination because l am a member of the ICAEW which is one of the listed bodies. I have completed my examination. I confirm that no material mallers have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. 1. accounting records were not kept in respect of Mount Batten 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 conlenl of accounts sel out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'liu8 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 matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. James Barrett FCA Independent examiner On behalf of Francis Clark LLP Melvi118 Building East Urnil 18. 23 Royal Vvilliam Yard PLYMOUTH Davon PL1 3GW D81e'. 07/10/2024 Page 7
Mount Batten Centre Charity Trust Statement of Financial Activities Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2023 Unrestricted Restricted Note Incomg and Endowments from: Donations and legacies Grants, including capitsl grants Provision of walersport and educational activities Other trading activities Investment income 1,877 122,528 1.877 146,926 24,398 254.054 163,204 29 254,054 163,204 29 Total Income 541,692 24,398 5fj6.090 Expenditure on: Raising funds Ch8riL9ble activities 17,7031 1540,116 17.7031 581,260 41,144 Totsl Expgndilure 1547,8191 41,144 588,963 Nel movement in funds 16,1271 116,7461 122,8731 Reconclllation of funds Total funds brought forward 256,888 72,180 329,068 Total funds carried forward 17 250,761 55,434 306,195 The not8s on p8g85 11 to 21 fomi An integral part of these fin8n¢ial 5tat8menls. P8ge 8
Mount Batten Centre Charity Trust Statement of Financial Activities Year Ended 31 December 2023 (continued) (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2022 Unrestricted Restricted Note Donations and legacies Grants, incuding cailal grants Provision of walersport and educational activities Other trading activities Investment income 9,470 137,048 52,788 9,250 62,258 146,298 229,263 176,027 34 229,263 176,027 Total Income 551,842 62,038 613,880 Income and Endowments from: Expenditure on.. Raising funds CharFlable activilias {9,076) 544.747 19,0761 593,077 48.330 Total Expenditure 553,823 48,330 602,153 Nel movement in funds 11,981} 13,708 11,727 Rèconciliation of funds Total funds brought forward 258,869 58,472 317,341 Total funds carried forward 17 256.888 72,180 329,068 All of the charity's activities derive from continuing operations during the above two Pgriods. The funds breakdown for 2023 and 2022 are shown in note 17. The notes on page5 1110 21 forrn an integral p8rt of these financial 5t8t8ments. Page 9
Mount Batten Centre Charity Trust Balance Sheet 31 December 2023 2023 2022 Notg Fixed assets Tangible assets 12 232,090 270,470 Current assets Stocks Debtors Cash at bank and in hand 13 14 769 222.650 46,218 269.637 1,091 450,986 2,121 454.198 Creditors: Amounts falling due wlthln one year 15 195,532 1275,227 Net current assets 74.105 178.971 Total assets less current liabilities 306,195 449.441 Creditors: Amounts falling due after more than one year 16 120.373 Net assets 306.195 329,068 Funds of the charlty.. Restricted income funds Restricted funds 55,434 72,180 Unrestrlcted Income funds Unreslrieted funds 250,761 256,888 Total funds 17 306,195 329.068 The financial slalements on pages 8 to 21 were approved by the Iruslees, and aulhorised for issue on and signed on their behalf by.. Mr Richard Stevens Chair and Trustee The notes on pages 11 to 21 form an integral part of these financial statèments. Page 10
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2023 1 Accountlng policigs Statement of compllance Th8 financial slalements have been prepared in accordance with Accounting and Reporting by Charities., Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Roporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191 Icharilies SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and the Charities Act 2011. Basls of preparatlon Mount Ballen Centre Charity Trust meets the definition of a public benefit enlily under FRS 102. The accounts (financial slalementsl hava been prepared under the historical cost convention with items recognised al cost or transaction value unless olhenNise staled in the relevant notelsl to these accounts. Going concern The Trustees and management do not consider there to 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 within said group and Ihg lack of charges against it, thus permitting possible funding streams lo be accessed by way of secured loans, then it is seen that there are no material uncertainties in connection with the charills ability lo eonlinue as a going concern, particularly when the centre and therefore the Charity are linked lo tho 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 cenlre, is rgcognised once the charity has enlillemenl lo the income, it is probable that the income will b8 received and the amount of income receivable can be measured reliably. Donatlons and legacles Donations and legacies are recognised on a receivablg basis when receipt is probable and th8 amount can be rgliably measured. In the event that a donation is subject lo conditions that require a level of performance bofore the charity is enlitlod 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 will be fulfilled in the reporting period. Grants recelvable Grants are recognised when the charity has an entillemenl lo the funds and any conditions linked lo the grants have been met. Where performance eonditions are attached lo the grant and are yel lo be mel, the income is recognised as a liability and included on the balance sheet as deferred income lo be released. Pagè11
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2023 (continued) Deferred income Deferred income represents amounts received for future periods and Is released to incoming resources in the period for which il has been received. Such income is only deferred when.. -The donor specffies that the grant or donslion musl only be used in future accounting periods.. or -The donor has imposed conditions which must be met before the charity has uncondition81 entitlement., or Delivery of the service is in a subsequent period. Expenditure All expenditure is recognised once there is a legal or constructive obligation lo that expenditure, il is probable selllement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs lo that category. Where costs cannot be directly allribuled lo particular hgadings they have been allocated on a basis consislenl with the use of resources and depreciation charges allocated on the portion of the asset's use. Ralslng funds These are costs incurred in allracling voluntary income, the management of investments and those incurred in trading activities that raise funds. Charltable actlvitles Charitable expenditure comprises those costs incurred by the charity in the delivery of ils aclivities and services for its beneficiaries. 11 includes both cosls that can be allocated directly to such aclivities and those costs of an indirect nature necessary lo support them. Support costs Support costs include central functions and have been allocated to activity cost Categories on a basis consislenl with the use of resources, for example, allocating propety costs by floor areas, or per capita, staff costs by the lime spent and other costs by their usage. Governance costs Thgse include the costs attributable to the charills compliance with constitutional and stslulory requirements. including independent examination, strategic management and trust8es's meetings and reimbursed expenses. Taxatlon The charity is Considered lo pass the tests sel otjt in Paragraph 1 Schedule 6 of the Finance Act 2010 and Ihereforg il meets the definition of a chartlable company for UK corporation tsx purposes. Accordingly, the charity is potentially exempt from taxation 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 Taxalion of Chargeable Gains Act 1992, to th8 extent 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 at cost. Page 12
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2023 (continued) Depreclation and amortisation Depreciation is provided on tangible fixed assets so as lo writ@ off the cost or valuation, less any estimated residual value, over their expected useful economic lifo as follows.. Assat ¢lass Walersports equipment Computer eqLJipmenl Furniture and fixtures Motor vehicles Depreciation method and rate 1 OO/D slraighl line 25 /0 slraighl line 250/0 slraighl line 25Yo reducing balance Stock Stock is valued at the lower of cost and or not realisable value. Donated items of stock are recognised al fair value which is the amount the charity wou5d have bean willing to pay for the items on the open market. Trade debtors Trade and other doblors are recognised al the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. Trade creditors 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 lo a third paty and the amount due lo settle the obligation can be measured or eslimaled reliably. Creditors and provisions are normally recognised al their settlement amount after allowing for any trade discounts due. Fund structure Unreslricled inwme funds are general funds that are available for use at the Iruslees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Flnanclal Instruments Classificatlon The trust only has financial assets and financial liabilities of 8 kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured at their settlement valu8 with the exception of bank loans which are subseqLJenlly measured at amortisod cost using the effective interest method. Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Paga 13
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2023 (continued) 2 Income from charitable aetlvltles Unrestrlcted general funds Total 2023 Provision of walersport and educational activities 254,054 254,054 3 Income from trading activltles Unrestrlcted general funds Total 2023 Total 2022 Fees and supplies Accommodauon and hire income 21.062 142,142 21,062 142,142 18,928 157,099 163,204 163,204 176,027 4 Expendlture on ralslng funds al Costs of generatlng donatlons and legacles Unrestricted general funds Total 2023 Total 2022 Note Marketing and publiclty 7,703 7,703 9,076 5 Expendlture on charitable actlvltles Unrestrlcted general funds Restricted funds Total 2023 Total 2022 Walersport and educational activities Direct staff costs Premises costs Depreciation Bank charges Governance costs 29,533 289.215 145,106 38,932 32,780 4,550 4,007 20,391 33.540 309,606 145,106 55,678 32,780 4,550 65,560 321,397 119,473 56,857 24,398 5,392 593,077 16,746 54Q,116 41.144 581,260 P8ge 14
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2023 (continued) 6 Analysis of governan¢g and support costs Governance costs Unrestricted general funds Total 2023 Total 2022 Independent examiner fees Examination of the financial statements Independent examiner f8os overprovided in previous years 4,550 4,550 4,292 1.100 4,550 4,550 5,392 7 Net outgoing resources Nel outgoing resources for the year include.. 2023 2022 Depreciation of fixed assets 55.678 56,857 8 Trustees remuneration and expenses The charity is prohibited by ils constitution from paying any salaries, remuneration or benefits in money or monies worth lo ils trustees or any dividends, bonus or share of profits lo ils members. No Iruslees, nor any porsons connected with them, have received any remuneration from the charity during th& year. No trustees 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.. 2023 2022 Staff costs durlng the year were: Wages and salaries 309.606 321,397 The monthly average number of persons (including senior management I leadership leaml employed by the charity during the year expressed as full lime equivalents was as follows.. 2023 No 14 2022 No 20 Full and part time employees P8ge 15
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2023 (continued) No employee received emoluments of moro than £60,000 during the year During the year the charity used staff employed by Mount Batten Park Limited to fulfil charity roles. such costs have been recharged to the charity. The lolal amount recharged during the year was £138,42512022, £152,959). The key management personnel of the charity consist of the trustees. There were no employee benefits paid lo the trustees during the year12022'. £nill. 10 Independent examiner's remuneratlon 2023 2022 Examination of the financial slalemenls 4,550 4.292 11 Taxation The charity is a registered charity and is therefore exempl from laxalion. Pagè 16
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2023 (continued) 12 Tangible fixed assets Other Computer tangible fixed equipment asset Fumiture and equipment Motor vehicles Total Cost Al 1 January 2023 Additions 41,953 711 37,698 4,271 27 436,753 16,560 520.675 17,298 Al 31 December 2023 42,664 37,698 4,298 453,313 537.973 Depreciation Al 1 January 2023 Charge for the year 32.254 12,566 3,855 201,530 250,205 3.855 6,286 152 45.385 55.678 At 31 December 2023 36,109 18.852 4,007 246,915 305,883 Not book value Al 31 December 2023 6,555 18.846 291 206,398 232,090 Al 31 December 2022 9.699 25,132 416 235.223 270.470 13 Stock 2023 2022 Stocks 769 1,091 Page 17
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2023 (continued) 14 Debtors 2023 2022 Trade debtors Due from group undertakings Prepayments Other debtors 170.682 40.417 7,099 4,452 123.052 318.566 4,889 4,479 222.650 450.986 15 Credltors: amounts falling due within one year 2023 2022 Loans Trade creditors Other laxalion and social security Other creditors Accruals Deferred income 107,484 8,122 12,760 543 6,590 139,728 2.721 19.196 707 12,412 160,496 195,532 275,227 2023 2022 Deferred income al 1 January 2023 Resources deferred in the period Arnounls released from previous periods 139,728 160,496 139,728 131,808 139,728 131,808 Deferred income al year end 160,498 139,728 16 Credltors: amounts falllng due after one year 2023 2022 Loan 120.373 The oulslanding loans includèd in the 2022 accounts were fully repaid during the year. Page 18
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2023 (continued) 17 Funds Balance at 31 Docgmber 2023 Balance at 1 January 2023 Incoming rg$our¢os Resourcey expended Unrestricted funds General Unr8slricled ftjnds 256,888 541.692 (547.8191 250.761 Restricted funds Reslricled funds 72.180 24,398 41.144 55,434 Total funds 329,068 566.090 588.9631 306,195 Restricted funds During 2023 the charity receiveil a grant for 202312024 of £15,000 from Peter Harrison towards the Plymouth Safely for Families Programme. During the year £7,500 was expensed and the balance of £7,500 has been deferred for use in 2024. The charity received £3.060 from Devon Community Fund in 2023 towards the Thrive with Five projacl. this was fLtlly expensed during the year. In 2023 the charity received £8,555 from BBC Children in Need towards staffing costs and aclivty costs, these were all expensed in the yèar. The ESC Lottery fund awarded a grant of £5,283 to the charity in 2023 towards the development of the Water Aclivitios project, this was fully expensed dLJring the year. In 2022 the charity received £1,500 from the Headley Foundation and £500 from Boshier Hinton Foundation for the purchase of adaptable inflatable river rafts. The rafts were purchased for £7,022. A depreciation provision of £702 was made in 2022 and a further provision of £200 has been included in tho accounts. The balance carried forward of £1,098 is included in fixed assets. In 2022 the charity received £34,650 from the Youth Investment Fund for the purchase of transportation vehicles and trailers, with 2 mini-vans and 1 trailer being purchased totalling £34,650. A depreeialion provision of £8,437 was made in 2022 and a further provision of £8,437 has been included in the accounts. The balanc8 carried forward of £17,776 is included in fixed assots. In 2020 the eharity received £4,403 from Sports England for the development of the Toyota Parasport Fund project lo allow disabled people in and around Plymouth to climb and canoe. Stsff costs of £3,245 wer8 incurred in 2021 and climbing equipment costing £1.158 was purchased. Depreciation provisions of £230 were rnade in previous years and a further provision of £115 ha5 been included in the accounts. The balance carried forward of £813 has been included in fixed assets. Page 19
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2023 (continued) In 2018 the charity received the following amounts towards the purchase of 8 climbing wall - £600 from Pruden Lodge, £20,000 from Peter Harrison and £2,000 from Fox Glove. In 2019 the centre received additional amounts of £3,215 from the Edward Gosling Foundation and £15,000 from Sport England. In 2019 £39,104 was spent by the centre on a climbing wall. a further £1.711 was spent on wall inspections and fittings in 2021. Deprecation provisions of £15.644 had been made in previous yearfs and a further provision of £3,911 has been inclLJded in this years accounts. The balance carried forward of £19,549 is included in fixed assets. In 2018 the centre received a reslricled grant of £26,475 from PIyTnoulh City Council to support sustaining training in watgrsports and adventurous activity. All of this grant was used to purchase boats included in fixed assets. Depreciation provisions of £13,240 had been made in previous years and a further provision of £2,648 has been made in this years accounts. The balance carried forward of £10,587 is included in fixed assets. In 2018 a donation of £9,450 was made by the Esmee Fairbairn Foundation for the purchase of a boat and a hoist. A boat costing £7,336 was purchased in 2018. Deprecation provisions of £3,670 had been made in previous years accounts and a further provision of £734 has included in this years accounts. The balance of £2.932 has been included under fixed assets. The hoist was purchased in 2019 costing £2,114 and has been depreciated by £844 in previous years with a further provision of £211 being included in this years accounts, the balance of £1,059 is also included in fixed assets. In 2018 the Gibbon Family Trust donated £1,500 towards the cost of a boat. depreciation provisions of £750 had been made in previous years accoun15 and a further prowsion of £150 has been included in this years accounts. The balance of £600 is included in fixed assets. In 2017 the ntre was donated £3.400 towards the purchase of a boat, depreciation provisions of £1,940 has been provided in previous years and a further provision of £440 has beefi included in this years accounts. The balance carried forward of £1,020 is included in fixed assets. Balance at 31 December 2022 Balance at 1 January 2022 Incomlng resources Resources expended Unrgstrlcted funds General Unreslricled funds 258,869 551,842 1553,823} 256,888 Restrlcted Reslricled funds 58,472 62.038 48,330 72,180 Totsl funds 317,341 613.880 602.153 329.068 Page 20
Mount Batten Centre Charity Trust Notes to the Financial Statements Year Ended 31 December 2023 (continued) 18 Analysis of net assets between funds Total funds at31 December 2023 Unrestrlcted funds General Restrlcted funds Tangible fixed assets Current assets Current liabilities 176.656 262,137 188.032 55,434 7,500 7.500 232,090 269,637 195,532 Total nel assets 250,761 55,434 306.195 Total funds at31 December 2022 Unrestrlcted funds General Restrlcted funds Tangible fixed assets Current assets Current liabilities Creditors over 1 year 198,290 454,198 1275,2271 120,373 72.180 270,470 454,198 1275,2271 120.373 Total nel assets 256,888 72.180 329,068 19 Related party transaction5 During the year the charity made the ft)Ilowing related party Iransaclions: Mount Batten Park Llmlted (Controlled by the same directors and trustees). During the year Mount Batten Park Limited operated a loan account with the charity who suppligd stsff costing £138,42512022- £152,959) lo Mount Batten Park Limited. At the balance sheet dale the amount due from Mount Batten Park Limited was £22.538 12022 - £302,407>. Mount Batten Sailing and Water Sports Centre (Controlled by the sam8 directors and Irusle8sI. The building used by the charity is owned by Mount Batten Sailing and Wal&r Sports Cenlre. the holding company of Mount Batten Park Limited. During Ihg year Mount Batten Sailing and Water Sports Centre paid expenses of £1,711 12022.. £nill on behalf of the charity. Al the balance sheet dale the amounl due from Mount Batten Sailing and Water Sports Centre was £17,87912022 - £16,158>. Page 21