## **Mount Batten Centre Charity Trust**
**Annual Report and Financial Statements Year Ended 31 December 2024** Charity registration number: 1159633
## **Mount Batten Centre Charity Trust**
## Contents
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 5|
|Statement of Trustees' Responsibilities|6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8 to 9|
|Balance Sheet|10|
|Notes to the Financial Statements|11 to 21|
## **Mount Batten Centre Charity Trust**
## Reference and Administrative Details
**Trustees** Mr Richard Stevens (Chair) Mr Stephen Curnow Mrs Sue Dann Mr Tudor Evans Mr Timothy Geary Mr Adrian Kemp MBE Mrs Maria Manning **Charity Registration Number** 1159633 **Principal Office** 70 St Lawrence Road Mount Batten Plymstock PLYMOUTH Devon PL9 9SJ **Independent Examiner** 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 trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2024.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Mr Richard Stevens (Chair) (appointed 5 March 2024) Mr Stephen Curnow Mrs Sue Dann Mr Tudor Evans Mr Timothy Geary Mr Adrian Kemp MBE Mrs Maria Manning
## **Objectives and activities for the public benefit**
The Mount Batten Centre is beginning a significant period of transformation as it is now confirmed as an anchor site for the Horizons Project, the project that will bring the UK’s first National Marine Park to life. The values and ambitions of the Mount Batten Centre and NMP align perfectly as the focus is on ensuring more and a more diverse group of people have the opportunity to benefit from access to the water. Funded by the National Lottery Heritage Fund, the partnership will grow and amplify the work that has been the cornerstone of the Mount Batten Centre for decades. The NMP partnership and the work already being delivered at the centre will ensure the objectives for the Centre are fully met and the impact maximised.
## **1. Improving Accessibility to Watersports**
• We enable a connection between Plymouth’s rich maritime heritage and young people from communities who do not currently access the water and therefore would not have the chance to engage with water sports activities or learn about Plymouth Sounds amazing heritage.
• By providing access to 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. Skills and confidence development are embedded into all the activities as well as providing a unique opportunity for groups to engage with and learn about the natural world.
## **2. Promoting Health and Wellbeing**
• Engaging with water sports has proven physical and mental health benefits. Our programmes are designed to encourage active lifestyles and help children develop resilience, confidence, and teamwork skills through fun and challenging activities. Access to nature also helps improve mental wellbeing.
## **3. Fostering a Connection with Nature and the Environment**
• An integral part of our mission is to help young people develop a sense of environmental stewardship. By connecting children with Plymouth’s waterfront and the ocean, we aim to inspire them to care and value nature. As part of the NMP project a marine citizenship programme has been developed and the Mount Batten Centre is a key delivery partner.
Page 2
## **Mount Batten Centre Charity Trust**
## Trustees' Report (continued)
## **4. Supporting Educational Development and Lifelong Skills**
• Water sports provide a unique learning environment that enhances key skills such as communication, problem-solving, and leadership, as well as building confidence and resilience. Our centre offers structured learning opportunities through partnerships with local schools and youth groups, helping children develop both academically and socially.
## **5. Building Community Cohesion**
• By engaging with children from different backgrounds, the centre acts as a platform for social inclusion, helping to reduce inequalities and foster a sense of belonging within the community. 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 activities, the Centre contributes to the overall well-being of the Plymouth community, particularly children from underserved communities and people with additional needs. By removing financial and social barriers to participation and fostering a safe and welcoming environment we are enhancing the quality of life for young people and building stronger community ties.
## **Public benefit**
The trustees 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.
## _**Fundraising and reasoning**_
Over the next year the transformation planned under the Horizons project will really start to take shape. There will be a major capital programme that has been designed to maximise inclusion and participation as well as strengthen commercial offers which will provide increased financial sustainability of the Centres charitable activities.
The transformation will include new welcoming and accessible facilities including new changing place compliant changing rooms, new reception and interpretation space and a new café with an upgraded food and beverage offer. Outside the centre there will be a new pontoon which is designed to enable more inclusive access and new landscape areas to enable people to enjoy the benefits of being close to the water. Finally, the access up to the historic Mt Batten Tower will be improved so work connecting people with the fantastic heritage of the peninsula can continue. All these interventions will ensure the centre is welcoming, encourage new users whilst celebrating existing members, and ensuring it is fit for the future and further meeting its objectives.
Whilst the capital works are undertaken the plan is to continue with the water sports offer and activities linked to the NMP programme to ensure new groups continue to be able to experience the marine environment. Temporary facilities and a partnership approach to delivery will ensure the Centre continues to deliver for communities whilst the transformation work is underway.
Page 3
## **Mount Batten Centre Charity Trust**
## Trustees' Report (continued)
## **Financial review**
The balance held on unrestricted funds at 31 December 2024 was £286,167 (2023: £250,761), of which £159,134 (2023: £176,656) is represented by fixed assets and is not therefore readily available. As stated, it is the aim to grow these reserves to a higher level over the coming years in order to create a stable platform for the charity moving forward. The balance held on restricted funds at 31 December 2024 was £30,088 (2023: £55,434) of which £27,438 (2023: £55,434) is represented by fixed assets and is not therefore readily available.
## _**Policy on reserves**_
The overall aim of the Charity is to maintain adequate reserves to ensure financial sustainability and long-term sustainability of the Centre.
Going forward the Centre under the direction of the new Chair will review reserves policy; which will be reviewed with elements such as the creation of a sinking fund, as listed within the Horizons Project partnership agreements.
## **Structure, governance and management**
## _**Nature of governing document**_
The trust is a registered charity - number 1159633 and is a charitable incorporated organisation constituted 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 its debts and liabilities.
## _**Recruitment and appointment of trustees**_
The constitution provides for a minimum of 4 and a maximum of 8 trustees, of which three must be nominated CIO trustees from Plymouth City Council, Plymouth University and the affiliate clubs.
## _**Organisational structure**_
Overall responsibility for the management of the CIO is vested in the trustees. The names of the trustees are set out on page 1.
The day-to-day management of the charity is carried out by the Mount Batten Centre team with a close partnership with Plymouth City Council and the other NMP partners.
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 trustees.
The building used by the trust is owned by Mount Batten Sailing and Water Sports Centre, the holding company of Mount Batten Park Limited.
## **Going concern**
As the Charity is linked to 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 it 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 to the Visitor plan for Plymouth and the exciting prospect of the National Marine Park.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
.........................................
Mr Richard Stevens Chair and Trustee
Page 5
## **Mount Batten Centre Charity Trust**
## Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern 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 at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. 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 trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mr Richard Stevens Chair and Trustee
Page 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 Trust for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the charity trustees of Mount Batten Centre Charity Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Mount Batten Centre Charity Trust's 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 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since Mount Batten Centre Charity Trust's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of 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 content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Duncan Leslie FCA Independent examiner
On behalf of Francis Clark LLP Melville Building East Unit 18, 23 Royal William Yard PLYMOUTH Devon PL1 3GW
Date:.............................
Page 7
## **Mount Batten Centre Charity Trust**
## Statement of Financial Activities
## Year Ended 31 December 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
|**Note**
**Income and Endowments from:**
Donations and legacies
Grants, including capital grants
Provision of watersport and educational
activities
2
Other trading activities
3
Investment income
Total Income
**Expenditure on:**
Raising funds
4
Charitable activities
5
Total Expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
16|**Unrestricted**
**£**
219
79,451
313,480
593,331
462
986,943
(421,199)
(530,338)
(951,537)
35,406
250,761
286,167|**Restricted**
**£**
-
-
-
-
-
-
-
(25,346)
(25,346)
(25,346)
55,434
30,088|**Total**
**2024**
**£**
219
79,451
313,480
593,331
462|
|---|---|---|---|
||||986,943|
||||(421,199)
(555,684)|
||||(976,883)|
||||10,060
306,195|
||||316,255|
The notes on pages 11 to 21 form an integral part of these financial statements. Page 8
## **Mount Batten Centre Charity Trust**
## Statement of Financial Activities
## Year Ended 31 December 2024 (continued) (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
|**Note**
Donations and legacies
Grants, incuding capital grants
Provision of watersport and educational
activities
2
Other trading activities
3
Investment income
Total Income
**Income and Endowments from:**
**Expenditure on:**
Raising funds
4
Charitable activities
5
Total Expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
16|**Unrestricted**
**£**
1,877
122,528
254,054
163,204
29
541,692
(7,703)
(540,116)
(547,819)
(6,127)
256,888
250,761|**Restricted**
**£**
-
24,398
-
-
-
24,398
-
(41,144)
(41,144)
(16,746)
72,180
55,434|**Total**
**2023**
**£**
1,877
146,926
254,054
163,204
29|
|---|---|---|---|
||||566,090|
||||(7,703)
(581,260)|
||||(588,963)|
||||(22,873)
329,068|
||||306,195|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 and 2023 are shown in note 16.
The notes on pages 11 to 21 form an integral part of these financial statements. Page 9
## **Mount Batten Centre Charity Trust**
## Balance Sheet
## 31 December 2024
|**Note**
**Fixed assets**
Tangible assets
12
**Current assets**
Stocks
13
Debtors
14
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
15
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
16|**2024**
**£**
186,572
1,100
198,440
54,311
253,851
(124,168)
129,683
316,255
30,088
286,167
316,255|**2023**
**£**
232,090
769
222,650
46,218|
|---|---|---|
|||269,637
(195,532)|
|||74,105|
|||306,195|
|||55,434
250,761|
|||306,195|
The financial statements on pages 8 to 21 were approved by the trustees, and authorised 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 statements. Page 10
## **Mount Batten Centre Charity Trust**
## Notes to the Financial Statements
## Year Ended 31 December 2024
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Mount Batten Centre Charity Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Going concern**
The Trustees and management do not consider there to be a material uncertainty that casts significant doubt upon the Charity’s ability to continue as a going concern.
As the Charity is linked to 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 it 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 to the Visitor plan for Plymouth and the exciting prospect of the National Marine Park.
## **Income and endowments**
All income, including income from watersport and operations of the centre, is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## _**Donations and legacies**_
Donations 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 to conditions that require a level of performance before the charity is entitled to funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Page 11
## **Mount Batten Centre Charity Trust**
## Notes to the Financial Statements
## Year Ended 31 December 2024 (continued)
## _**Deferred income**_
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received. Such income is only deferred when:
-The donor specifies that the grant or donation must only be used in future accounting periods; or -The donor has imposed conditions which must be met before the charity has unconditional entitlement; or
- Delivery of the service is in a subsequent period.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources and depreciation charges allocated on the portion 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.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including independent examination, strategic management and trustees’s meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set 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 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 Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed 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 2024 (continued)
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class Depreciation method and rate** Watersports equipment 10% straight line Computer equipment 25% straight line Furniture and fixtures 25% straight line Motor vehicles 25% reducing balance
## **Stock**
Stock is valued at the lower of cost and or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net 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 to a third party and the amount due to settle 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**
Unrestricted income funds are general funds that are available for use at the trustees 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.
## **Financial instruments**
## _**Classification**_
The trust 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 with the exception of bank loans which are subsequently measured at amortised 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.
Page 13
## **Mount Batten Centre Charity Trust**
## Notes to the Financial Statements
## Year Ended 31 December 2024 (continued)
|**2**
**Income from charitable activities**
Provision of watersport and educational activities
**3**
**Income from trading activities**
Fees and supplies
Accommodation and hire income
**4**
**Expenditure on raising funds**
**a) Costs of generating donations and legacies**
**Note**
Marketing and publicity
**b) Costs of trading activities**
Trading subsidiary costs|**Unrestricted**
**general**
**funds**
**£**
22,955
570,376
593,331
**Unrestricted**
**general**
**funds**
**£**
7,706
**Note**|**Unrestricted**
**general**
**funds**
**£**
313,480
**Total**
**2024**
**£**
22,955
570,376
593,331
**Total**
**2024**
**£**
7,706
**Unrestricted**
**funds**
**General**
**£**
413,493
413,493|**Total**
**2024**
**£**
313,480|
|---|---|---|---|
||||**Total**
**2023**
**£**
21,062
142,142|
||||163,204|
||||**Total**
**2023**
**£**
7,703|
||||**Total**
**2024**
**£**
413,493|
||||413,493|
Page 14
## **Mount Batten Centre Charity Trust**
## Notes to the Financial Statements
## Year Ended 31 December 2024 (continued)
## **5 Expenditure on charitable activities**
|Watersport and educational
activities
Direct staff costs
Premises costs
Depreciation
Bank charges
Governance costs|**Unrestricted**
**general**
**funds**
**£**
59,085
278,513
128,305
37,657
3,860
22,918
530,338|**Restricted**
**funds**
**£**
-
5,000
-
16,746
-
3,600
25,346|**Total**
**2024**
**£**
59,085
283,513
128,305
54,403
3,860
26,518
555,684|**Total**
**2023**
**£**
33,540
309,606
145,106
55,678
20,202
17,128|
|---|---|---|---|---|
|||||581,260|
## **6 Analysis of governance and support costs**
## **Governance costs**
|Independent examiner fees
Examination of the financial
statements
Legal fees
Book keeping services|**Unrestricted**
**general**
**funds**
**£**
4,740
1,123
17,056
22,919|**Restricted**
**£**
-
3,600
-
3,600|**Total**
**2024**
**£**
4,740
4,723
17,056
26,519|**Total**
**2023**
**£**
4,550
-
12,578|
|---|---|---|---|---|
|||||17,128|
## **7 Net outgoing resources**
Net outgoing resources for the year include:
## Depreciation of fixed assets
|**2024**
**£**
54,403|**2023**
**£**
55,678|
|---|---|
## **8 Trustees remuneration and expenses**
The charity is prohibited by its constitution from paying any salaries, remuneration or benefits in money or monies worth to its trustees or any dividends, bonus or share of profits to its members.
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
Page 15
## **Mount Batten Centre Charity Trust**
## Notes to the Financial Statements
## Year Ended 31 December 2024 (continued)
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:
|**Staff costs during the year were:**
Wages and salaries|**2024**
**£**
283,513|**2023**
**£**
309,606|
|---|---|---|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
|Full and part time employees|**2024**
**No**
13|**2023**
**No**
14|
|---|---|---|
No employee received emoluments of more 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 total amount recharged during the year was £46,245 (2023: £138,425).
The key management personnel of the charity consist of the trustees. There were no employee benefits paid to the trustees during the year (2023: £nil).
## **10 Independent examiner's remuneration**
|||**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
|Examination|of the financial statements|4,740|4,550|
## **11 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
Page 16
## **Mount Batten Centre Charity Trust**
## Notes to the Financial Statements
## Year Ended 31 December 2024 (continued)
## **12 Tangible fixed assets**
|**Cost**
At 1 January
2024
Additions
At 31 December
2024
**Depreciation**
At 1 January
2024
Charge for the
year
At 31 December
2024
**Net book value**
At 31 December
2024
At 31 December
2023|**Furniture and**
**equipment**
**£**
42,664
-
42,664
36,109
3,739
39,848
2,816
6,555|**Motor**
**vehicles**
**£**
37,698
-
37,698
18,852
4,715
23,567
14,131
18,846|**Computer**
**equipment**
**£**
4,298
534
4,832
4,007
157
4,164
668
291|**Other**
**tangible fixed**
**asset**
**£**
453,313
8,351
461,664
246,915
45,792
292,707
168,957
206,398|**Total**
**£**
537,973
8,885
546,858
305,883
54,403
360,286
186,572
232,090|
|---|---|---|---|---|---|
## **13 Stock**
Stocks
|**2024**
**£**
1,100|**2023**
**£**
769|
|---|---|
Page 17
## **Mount Batten Centre Charity Trust**
## Notes to the Financial Statements
## Year Ended 31 December 2024 (continued)
## **14 Debtors**
|Trade debtors
Due from group undertakings
Prepayments
VAT recoverable
Other debtors
**15 Creditors: amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors
Accruals
Deferred income
Deferred income at 1 January 2024
Resources deferred in the period
Amounts released from previous periods
Deferred income at year end|**2024**
**£**
39,356
85,246
8,762
60,626
4,450
198,440
**2024**
**£**
12,363
4,455
1,747
12,731
92,872
124,168
**2024**
**£**
160,496
92,872
(160,496)
92,872|**2023**
**£**
170,682
40,417
7,099
-
4,452|
|---|---|---|
|||222,650|
|||**2023**
**£**
2,721
19,196
707
12,412
160,496|
|||195,532|
|||**2023**
**£**
139,728
160,496
(139,728)|
|||160,496|
Page 18
## **Mount Batten Centre Charity Trust**
## Notes to the Financial Statements
## Year Ended 31 December 2024 (continued)
## **16 Funds**
|**16 Funds**|||||
|---|---|---|---|---|
|**Unrestricted funds**
**_General_**
Unrestricted funds
**Restricted funds**
Restricted funds
**Total funds**|**Balance at 1**
**January 2024**
**£**
250,761
55,434
306,195|**Incoming**
**resources**
**£**
986,943
-
986,943|**Resources**
**expended**
**£**
(951,537)
(25,346)
(976,883)|**Balance at 31**
**December**
**2024**
**£**
286,167
30,088|
|||||316,255|
## **Restricted funds**
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 £902 has been accounted for in prior periods and a further £200 has been included in the current year. The balance carried forward of £898 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 depreciation provision of £16,874 has been accounted for in prior periods and a further provision of £8,437 has been included in the current year. The balance carried forward of £9,339 is included in fixed assets.
In 2020 the charity received £4,403 from Sports England for the development of the Toyota Parasport Fund project to allow disabled people in and around Plymouth to climb and canoe. Staff costs of £3,245 were incurred in 2021 and climbing equipment costing £1,158 was purchased. A depreciation provision of £345 has been accounted for in prior periods and a further provision of £115 has been included in the current year. The balance carried forward of £698 has been included in fixed assets.
Page 19
## **Mount Batten Centre Charity Trust**
## Notes to the Financial Statements
## Year Ended 31 December 2024 (continued)
In 2018 the charity received the following amounts towards the purchase of a climbing wall - £600 from Prudence 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 £19,555 had been made in previous periods and a further provision of £3,911 has been included in the current year. The balance carried forward of £15,638 is included in fixed assets.
In 2018 the centre received a restricted grant of £26,475 from Plymouth City Council to support sustaining training in watersports and adventurous activity. All of this grant was used to purchase boats included in fixed assets. Depreciation provisions of £15,888 had been made in previous periods and a further provision of £2,648 has been made in the current year. The balance carried forward of £7,939 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 £4,404 had been made in prior periods and a further provision of £734 has included in the current year. The balance of £2,198 has been included in fixed assets. The hoist was purchased in 2019 costing £2,114 and has been depreciated by £1,055 in previous periods with a further provision of £211 being included in the current year. The balance carried forward of £848 is included in fixed assets.
In 2018 the Gibbon Family Trust donated £1,500 towards the cost of a boat, depreciation provisions of £900 had been made in previous periods and a further provision of £150 has been included in the current year. The balance carried forward of £450 is included in fixed assets.
In 2017 the centre received a donation of £3,400 towards the purchase of a boat, depreciation provisions of £2,380 has been provided in prior periods and a further provision of £340 has been included in the current year. The balance carried forward of £680 is included in fixed assets.
|**Unrestricted funds**
**_General_**
Unrestricted funds
**Restricted**
Restricted funds
**Total funds**|**Balance at 1**
**January 2023**
**£**
256,888
72,180
329,068|**Incoming**
**resources**
**£**
541,692
24,398
566,090|**Resources**
**expended**
**£**
(547,819)
(41,144)
(588,963)|**Balance at 31**
**December**
**2023**
**£**
250,761
55,434|
|---|---|---|---|---|
|||||306,195|
Page 20
## **Mount Batten Centre Charity Trust**
## Notes to the Financial Statements
## Year Ended 31 December 2024 (continued)
## **17 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
159,134
251,201
(124,168)
286,167
**Unrestricted**
**funds**
**General**
**£**
176,656
262,137
(188,032)
250,761|**Restricted**
**funds**
**£**
27,438
2,650
-
30,088
**Restricted**
**funds**
**£**
55,434
7,500
(7,500)
55,434|**Total funds**
**at 31**
**December**
**2024**
**£**
186,572
253,851
(124,168)|
|---|---|---|---|
||||316,255|
||||**Total funds**
**at 31**
**December**
**2023**
**£**
232,090
269,637
(195,532)|
||||306,195|
## **18 Related party transactions**
During the year the charity made the following related party transactions:
## **Mount Batten Park Limited**
(Controlled by the same directors and trustees). During the year Mount Batten Park Limited charged the Trust £490,289 (2023: nil) for services provided. During the year the Trust charged Mount Batten Park Ltd £136,357 (2023 - Nil) for use of shared services. During the year Mount Batten Park Limited operated a loan account with the charity, with £396,975 (2023: (279,870)) being advanced in the year. At the balance sheet date the amount due from Mount Batten Park Limited was £65,581 (2023 - £22,538).
## **Mount Batten Sailing and Water Sports Centre**
(Controlled by the same directors and trustees). The building used by the charity is owned by Mount Batten Sailing and Water Sports Centre, the holding company of Mount Batten Park Limited. During the year Mount Batten Sailing and Water Sports Centre paid expenses of £1,795 (2023: £3,819) on behalf of the charity. At the balance sheet date the amount due from Mount Batten Sailing and Water Sports Centre was £19,664 (2023 - £17,879).
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