REGISTERED COMPANY NUMBEK. 11291732 (Englsnd Wales) REGISTERED CHARTfY NUMBER: 1180322 Lof4C.TOWN UUTDOOR LEARNIIYG TRUST {A COMPANY LtMtTED BY GUARAP4TEEI TRUSTEES, REPORT AND UNAUDrrED FPJANCIAL STATEMENTS FOR THE YEAR ENDED 31 DLLEMBER 2024
LoOWN OUTDOOR LEARNINGTR coiYrENfs OF THE FINANCtAL STATEMENrs FOR THF. YF.AR F.NDED JI DECEMBER 2024 Page Reftrente and AdMIntrative Detaili Trustees, Report 2 to 14 Independent ExxmlD¢r's Report 15 Stiiternent of Flnandal A¢tivltle# 16 Bfilantt Sh¢e¢ 17 to 18 C8th Flow St*t¢meAt 19 Notes to the Cash Flow StAtement 20 N•t¢$ to the Fln•Acial Ststements 21 to 32
LONGTOWN OUTDOOR LEARjNGTRUST REFEREP4CE AND ADi¥UNISTRATIVE DETAILS FOR THE YEARENDED 31 DECEMBER 2024 TRUSTEES Mr M S Fawcett (resigned 5n)124} MS J S¢ll{rlEd 5N9124) Mrs F H Dickson- Chainnan MT S A Lee- Treasurer MT8 A C Prcccc Mrs E J WlaCe Mr N C Wilson {resigned 911n5) Mrs C E Brown (appOted 2212Q4} Mr G G Smith- Centre [h"rcCr lapN)inttd 11&241 Mr G L Bourncr (appointed 911ll5} Mrs J E Kent lapwTrirtted 911ll51 REGISTERED OFFICE Lortgtown H¢r¢ford Hutforoshi HR2 OLD RECISTERED COMPANY NUMBER 11291732 (England and Wales) REGISTERED CHARITY NUMBER 1180322 Lotkett & Co chart C¢rrified Ac¢witsnts Shelton House Conit)8sby Strect Hettford H*Ef(shlrC HRI 2DY The Co-operative Bank Busin¢5s Direct POBox250 SkelrneTda]e Lanc&%hirc WN¥ owr WEBSITE www.1¢8toIm70uld0Orjtarn]ng.tO.k Page I
LONGTOWN UtiTI)OOR LEARNING TRUST REGISTERED NUMBER: 11291732) TRUSTF.Fts' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Tbe trustees who ar¢ also dirc¢tors of the ¢haTity for the PUTposes of the Lompatii&i Acl 2006 P5¢]1[ th¢ir Tewt with the financial sratcmcnts of thc chAriry for the year ended 31 Decernbu 2024. The tnLsie¢s havc adoptcd thc provi$ions of Accountin8 and Reporting by Charities.. s[3[[t of Rornmend Prgthicc applicable to charities preparitkg their counts in accordattct with thr FinJnLial Reporting Statkdard applicable in the UK 2ttd Rwblic of IreiaDd IFRS 1021 (effectivc l January 2019). Ourvblou We are a eharity that all young people should have the oppotti]nity to bwld ttsili¢nG4 dClop confidenc< and 8w, throu¥h tran5fornJativc ExriencES in thc outdoors. Chllr Tne'S report During 2024. LOLfs ce]Rtre t advisory s¢i¢¢ aDd ix)ord of truse5 ve worked collabordiively to ensllre th&t our Updat busin5 mLKkl was embcddcd and we were abl¢ 10 start looking fiirther &head and plall more sirate8ically for the frjturg. With a Tffjv Centr¢ DiTCCtor Successfully appointed, capacity tth huild oh the Trusts legacy of deliverit)g excellent uuidow kyJucd¢ion has been enhallced and this eJJabl¢s us to look fOard to a busy but purposcfi]1 2025. Despite ornmercial challcngcs across the outdoor educati(xJ sertur, bh OUT centre delivery and advisory service have proved re%iliett( and our core mi&8ion is felt keenly and sharEdby all staff, volwitcers and tNstccs. ID 2024, two of our very long 5tandin8 tnL4t¢cs stepd away from the Erfwrd to coDccntrate on other activities, and I thdnk ih¢m Iw)Ih for their dedication the tNst sin¢¢ its ¢aTiI¢si incqJtiOT). Two new trustees with both historic and ongoing corntnitment to the sector were appoJDtcd th¢ir St¢ ¢DsurÈng that the board remaÈn£ an active foDm for discussion and dcbate, cquipra t() ensll the coniinutd hi¥h quality provision we are so proud of. Fran Dick50r] Chair (Trf Trusl¢¢s Centre Diretthr Introduction l aTn dclightEd to present Long[0M Ouidoor LEarning TTU5V5 Annual Financial Report for the year ended 2024. J wou]d like to surt by saying a hugc thank you to all our employvts. fr¢elancer4 Th15(, Suppor and donor5: ywr b¢li¢f in our vision atMI mi&%ion and your commitrnent to th¢ provision vf high quality outdoor Learnin& trait)ing attd advic¢ make everything wc do possible. We have b1 on quite a journ¢y Sill¢¢ th¢ Tn was set up in 2018, with th]s year marking th¢ 60th Anttivcrsary of Longtown Ihtdoor EthtIOn Centre which first opth¢d its (Iwrs for the youns people of Northamptonshire in 1964. Thc valuc of helpin8 young people build rEs]kn¢E and wlenCe through anSfOrMative experiences iti the outdimys rernaiTL% just as r¢levaTtt today as it was ba¢k th, and w¢ continuc to wclcornc IOOOS of chil¢tren and youn8 PLM)ple to the C¢lltr¢ each yearaThJ provide sllrTM)rt and adwce to over l(rfJ educational establi%hments. By focusing on the quality of our provision, we have be¢n abl¢ to achieve high leve15 of cusrom¢r retrnllo both a¢ the cenirc and with our advi50ry servicc. Demand for what we do continurs to grow in Northamplonshire and across the 'd]ands. South Wcst Enalld and &iuth Wales. bursary fid [c5 that no child Miss out on hawng an adventttye, regard1¢55 of their circumstance& and our continued wnmitrncnt to the gOVMen¢5 Holidays Actiwties and F(Kxl PrOamMe means more childT¢n from iow-income rlI)ES itl H¢fordsh1re befit fry)m our ttaTJsfoTmative outdoor ¢xpvi¢nc¢& This rwt provides iLsights into ow ath'cYcm¢nts, challen8e8 and 0r excit]ll8 plan5. Th8Jth for your ¢tinued suppm. Giles Smith Cenlre Director Page 2
LONC.TOWN oufF)OOR LEARNING TRUST REGISTERED NUMBER: 11291732J TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 0EcTIVEs AND ACTlVtTIES Objectives and activitiL8 We are a charity th2L belie all young people should havc the oRjnIry to build rtsilientt, develop MLfidence, and 8row. through ttlitiv &XPerieTKe5 inthe outthors To achieve owvision. thc Tnt opcrate5 two distit)cl Imjt uverlapping arras ofpw5ioll.. i. tthjgtown Outdoor CentrE provides owdoor luming and adv¢nttwe experiences that insptre wsonal Erowth and sillet) in young Ewle. 2. Longtowrt Educational Visit5 Advisory S&vice provide6 ¢XFrf advice and training that cnablas cducatOT5 10 orgaijjse saf¢, m¢morDbl¢ aDd I[nrActfi educatsoD81 visits and outd(hr l¢arnitJg ¢xp¢rierte We have a stron8 association with Northamptonshiie ding back to 1964 when the centre op¢ned to provide exciting 8nd adventurous out of county residEntsai ¢xpericnGu for childT¢n from North and Wcst Northamptottthire. That Glose relationship continues today forboth our residential co]tre ld ouradvi50ry SCTVICC. We believe ourcore strength li¢5 in the facr that w¢rollaiK>rat¢ closety with our ¢S1OMerS at slak¢holdets to: - Achieve the bttst outcomes forourgu¢5 - Ensure ourprovision i¥ 1h aCC1b]e and affordable for ail. Pnbllc benefit We rther our charitable pute& for the publi¢ ixn¢ftt through: l. Advancing th¢ education of the publtc by the provision of edll¢ational ¢rn and to promote learning and deYelopTnetrt through participation in educational, recreatjooal orl¢isur¢ a¢tiviti¢b. 2. Rel1]ng the poverty of young p¢opl¢ by the provisiort of affonlablc opportuniucs cnablc to partJcipat¢ in healthy recreational artiviti¢5. 3. Providing facÈlities in the interests of swia] w¢tfarr For rKr¢aiiun or other leisure time (CUpation of Jndividua]s who have need of such facilities by Te4s0ft of their youth, age, infiTmity or disability, financial hardship or social eircumstances with the object of imptY)ving their¢ottditiorts of life. 4. Helping young people, espetially but not exclusively thTough TecTeational leisure lime a¢iiviii¢s, so as to develop their capabiliiics that they may BTI)W to full rnaturity as IT1vIdual5 and members of society. Page 3
LONGTOWN oifEDOOR LEARNING TRUST {REGISTERED NUMBER: 11291732) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIF.VEMF.NTS AND PERFORMANCE LoN¥tDWn Outdoor Le4rnlng Our thr¢eyear bSine&S plan is based around five strategic ))illats': l. Prople 2. Centre 3. Customtrs 4. Safety 5. Financc Obj¢¢tlv¢ act10 ou¢eomt PPt.. Attrac4 retin nd develop the but te•m to mert our petds After sor(LC sigDifLcallt cbaD8es in 2023, the f(% this year has be¢rt to iTnpleTTh¢nr a 5U5tsillable stafting 8tn]cture that will enable us to achieve our longer temi ambitions. AddJ"ti(K]a] ToIE5 TE Introduc in 2024 include a Ccntrc Diixtor to focus on the Strategic direction of th¢ ¢etstr¢ 2nd att a(Iditiuna] ¢dUr Lcarning Tutor to reduce our reliallce on freelance insuwtors. We also (k on thtee new aNJThticcs forow Level 3 OthrActivhty tnstnLCtorprogrdmme. In March 2024 wc barnC a Living Wage Employer. part of 3 raft of measurcs de5ignoJ to iDcrea5e employee Tecruitmenl and retention. and in Au8Us4 we launched our first ¢mploy¢¢ ¢ngag¢m¢Nt survey which enablrd us to create meaning1 people sirategy. Tn our provision of advice and training, we hav¢ cxpmcnccd a pcriod of srability duc to our dcdicatcd ethK&tional visits advisor role. which Iw cnabl¢d us to retain schools and grow crtw reach in a $tOr that is becorning more and more ompetitive. Our main challenge is in hospitaliry, where historically we have round it dIErlIt to TrUIt or provide cover for our ¢xistihg team. This will be a key priority for 2025, alongside providing adth"iional support foT ourEVAS. Centre: Develop ourf¥llldH grounds ad tqulpm¢Mi For the past 4 years, the priority for the tentr¢ has Srture plamning permission and fimding for a new kitchen dining room. Pertnissiukn fmaily grdnld 2023 for a noy, multi-purpose 'ldg¢' iti the grout)ds of the centre. Ilowever. the bulld eosts r08¢ dramatycally during thc projc¢t due tq aTnonggt othcr things, the war in Ukraine. which meani that the proicci llo longer r¢presertted value for motley. The focus it) 2024 has Fen to identify a suitable alternative lo the Lod8e, using our exisiing fool prinL This has Ulted a proposal to utilize the 5iie of our ¢quipmeni siorcs fora new mOdulareebu11d. Although Th)L vetsatile in terttjs of fun¢tionality. this building wll provide us with a commcrc121 kitchen and Multi-52 thn]D8 twm tbat seats up to 80 people in one Sitting. The Wil FouDdatiOJ4 who are also our 12ndiords. hvE agrKd to fid tbe PTDjeci atld WO will b¢giTr 2025 to gei planningpcnni&8ion for the build. Cust(xDer5: Demver blgh qugllty outdoor learnlD& and tralnlng Our custOma5 are predominAtitly primary sch16, With som¢ KwrNJaTi¢S. eolleg&s. univer5iti&%. unifonn grow)s, clubs attd sttieLies. Our histtsry as an Nortlwnwollshire local authority Lentre xNeaDS that approximly s/9 of our schools comc from the Northamptonshire aTra Oui of 54 group5 that trdvelted in 2024, 26 8roups wcrc from NOrthampkn)ns.re and 28 were ftom othwtouttties. This is u Slighl ructIon on 2023 where the Talio 56QA. We aIso welcomed IIXI children onto our Holiday Activiiies aT]d FoDd PrograTnm6. delivered in partnerS"p with Hereford5hirc Council w provide healthy meals alottgside outdoor activities for childw froTD low-income families. Thi IS ¢)nc of our most rcwanting programllm that wc deliver as it closety align5 with our Charitable objeLts. Here two cxamplts of tk imp8cI this can havc on thc youn8 Ixople that artend, as recorded by our Outd(K)t L7n8 futor5.' "Child ¢am¢ who was 8JJ excellent climber had nu fear on th¢ frst day oll his second day 1th us it Wa5 & river day and he really quite afr&id of the water. H¢ started off with very little confidence at the be8innittg of the day but ¢onfidtr2c¢ the dAy progrc55ed. By the end be w&8 tskin8 .8 le4)s into the water and said how hi5 confide h&s grown 82Jd how much he had loved his day." Pag¢ 4
I.ONGTOWN OUTDOOR LEARNINGTRUST {RF.GISTERED NUMBER: 112917321 TRUSTEES. REPORT FOR THE YL4R EP4DED 31 DÉCEMBER 2014 "One child. on arrival. 5&id'l'rn scared of evejiryhing.. She srArted climbing and after a few g(xs she said the felt Safe. I rhe aftcrnooll she did the zip wire three tim¢s athd said 'it was th¢ E¢5t day er.. Our iostructor5 said that it W&5 arnazing to watch hEr confidence grow. Wc latched our new nutketillg strategy Jn 2024. Projects itlcludtd new brandill& upda1 signag< new wthitGs {launchcd in 2025), all updated pricing 5trafrgy, and phot05hoots to update 0 ima8c library. The focus of our ]n?ttIng h&5 been to athxct new customers. particularly 5choo15 and youth 8row)s that aff within 1-2 of the centr. In 2024 we wel¢¢)med 14 n¢w inGluding 4 from Northarnptonshire. Customer ietcnti(n is at the htarl of our strat¢gy. 72D/y of group5 that travelld in 2023 r¢iumed in 2024. with 15 groups not -boOking. Sorne of ihL%e grow>s tyavEI tv/o year5, somc were unablc to ga thcir PTeferred date5 and some de£ided io go elsewhere or not do a residetttiai at all. Of the 15 groutts thBt did not reth]m 2U24. S were from To achicvc high levels of Cuslomtt rctcntion, wc focus on two arns: l. Ck)se collaiK)ration with custorneT5 to ensure their bcspoke pro8ranun¢, accommodation and meals meet the nttds of Lheir childro. 2. Delivering high qua]ity le4rnin& advicc and trainin& W¢ have a¢lll'¢ved consistendy higb customer feedback scorcs frotn a]1 tsur L$tomerS. with 91Yfj of our r¢sidrutial groups rating their overall experienc¢ as cellen[. B¢low is our ¢ustomer feedback sr¢S for 2024 bas1 ott thc respons¢s of44 rEsidential group5, alongmth some of our favollrite quotr$.' estion Ave gore COMMts from GTOUP LcadcT5 Ilow did you find your Pre-course infOrntIon alld adminisrration CMmuniCation was ¢leaT and effective w2th ¢gotiation ofprogramme. Atlenuon 10 detail wd tOWaTLts individual studcnt nccds- Gloucesrer Univetsity The COUT5e ha5 becn fant&stic. the instmctors have really tLe1p the children to ac]ueve- Cross AslrFFTh¢ PD)gramtt was cohEreTrt and met our need%. a group. Betng able 10 involvcd in the'planning, SL28e of this prtttss wag btneficiaI - LlaDfoist and Llanv1h8cl Love how involved the children are in Sorttng their safety equipment (with itistN¢iot ¢lx¢¢ksl- AbInn Va]eGood balanc4 clearly sale and well Tnanagcd wiihout being overbean"ng- Sefton Park Kiw[cdgLlc, flexible, informative, gotyj at getting to know the children quiekly, ad4)tiV< P[DMot illdepEndence and team work- Seftot) Park+FGteai lea(krship 0[tivItieS a8 well as sharing urtetestittg geographi arjd historical knowledge. Leaders eslablishedreally good rapport with all kids. Activiti¢s w¢r¢ pa¢ked with t%rienceS- Tiinity+FExcellent; especially ¢at¢ring for the need5 ofthe childTcn with 8END- Iloothville Tasty. warni, great wrti<w, dietary qU]rcE[ts accommodated well. Loved it! . Victoria Park Quirky bui full of mospher¢- Henry ChicheltrwV¢ry well tllaintained. Like tb¢ chattge to using drying r(M)ms for olttdoorcloth- Weston Favell+Fshowets were clean and warni. Bedrooms were comfy and tidy- Up5 and Downs A massive thank you from the sraff ¥tud¢nts for looknng ft¢r u5 and maktng us feel at home. Such a posiuv¢ perierKe overall. (hjr studeDLs will have memones fora lifr tim¢ b¢cause of Everyonc at Lon8rovm- Davetsty Hill Howwould you rate the course organisatiOD I coordinalion olyvur pro8rammc? 4.86 How would you rate our5afety matsageLMt systrrn5. 4.95 How did you fd th¢ qualiry of instsition Ile4ership. 4.95 How wwld you Mi¢ the catcring. 4.83 HowwNld you rate the centre's fllItt¢S9 4.59 How would you ra* your overall experience? 4.91 Pa8e 5
IA)IYGTOWN OUTDOOR LEARNINGTRUST LRE.GISTERED NUMBEIL. 11191732J TRusfEES' REPORT FOR THE YEAR EIII)ED 31 DECEMBER 21b24 The Wils(yn Foundation provid¢5 a bursary for all children in NtiSh]re thai tIVe Iree school meals. They aI80 providc a dis¢reti¢)nary bur58ry for families that Ere facthg tinanciai hardship, which they apply for through the school. Tn 2024, a t¢xal of 173 children received 8 3/4 buNry from thc Wilson FOdtion. with a totsj value of £14.425. Longtown Outdwr Learnin8 TrSt pmvidcs a similar buary sd)em¢ fot $thl Children in England and Wales (cxcluding Northampton5hirc). In 2024. 104 children received a butwy LOLT. with a total value of £8,732. Safety And compliance: Consffi$tentty m¢¢t bealth slfety ¢ompli4Nre requlrements As wcll a5 maiDraining our safety and ¢ompliatt¢fy th¢ Centr¢ d¢cided to apply for the AHOEC Gold rdthcr than simply Tcncwin8 1)ur Learning Outsi(k the Cla5sroorn ljwlily Badge. Goin8 throu the Gold Sr2ndard scheme ve us the oppO11ty to revi¢w our proctS8¢5 aTLd prdcticc5 in areas such a5 learning and development for children and young people, ¢ustomLY Care. safety managcmcnt. IcadeT5hip and tnanagem¢nL ¢nvironmeT)tsI sustainability. complign¢¢ on(E insurance. The centre achievcd the Gold Standard in October 2024 and we are now implementing all action platt to llF2k¢ fiuth¢r improv¢m¢nts acr085 all including sa(¢ly and ¢omplian¢¢. Finante: Strong ond secure finances 2024 h&s tr*en a thall¢rtging yetr from a financial tKrsrKctive with incre&w to our overh¢ads, dn'ycn by ri5in8 wholtsale pri¢¢s. At ¢he same lim< w¢ held our 2023 prices to encourdge more groups io llse ow services to help farnilias tbai Mi( otherwise sttuggJ¢ to pay for their children. meani that we made a very smajl SUTpIu5 in 2024 but we avoided dippin8 into ow rcservcs. A full financial re[ can bc found in our Fitsancial Review seGtiott of this reprt. P88¢ 6
LOYGTOWN OUTDOOR LEARfqu4G TRUST (REGISTERED NUMBER: 11291732) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECF.MBER 2024 AClIIEMETrrrS ANID PERFORMANCE Educatinnl Vlslts Advi50ry Service (EVAS) Despit¢ signifiGant comracrcial pressur from both natior1 aDd re8ional comp¢tstm, 65 Northampronshire Sc1kls atc still usin¥ Longtowm EVAS Logeth¢rwith 12 ind¢p¢ndenl Kh(M)Is from th"ff¢r¢n¢ lo¢atioTkS around the county. A number ofotherschTh)Is are using the $tsnd-aione training offcr. The ¢hallenge of prowding high quality advice 8ftd support to schcA)Is wirhitt a civnpetitive business environment has led to 2 fLth changu.. - Incre¢ in l)Jtdoor Fknion Advisces IOEAI hours to 0.6 FFE Imay 2024) - Recn]itmenV of dedIcatl pBrt-titn¢ admin support (Frttlancc 0.2 FfE tertn tktne only, October 2024) The fi>Lus of our platt for Longtown EVAS is to supwrt the delivery of LOLT'S charitable objective$ and tharitable aims a1 10 achieve long4eJyn fanCIal sustainability. To do this. w¢ hove created thTCC stratcgic 814 each with aset of kry priorities to be complcted ovcr a 4_ycar PCTiO(L - Cusiomeys-To deliver high quality advice and traitiing fot ¢duLUtion PTactitioners. - FIt¢-TO en5urc strong and secure fJnatLCts. - Safety- To ¢nsure that the advice providcd to scheols tgrS with OEAP National Guidonr¢ 4nd i5 inforrned by current bestPrn¢tic¢. Customers Maintaining our Service LEvel Agre¢tncnl ISLA) income 15 Critical to the a¢hI¢vA¢t of our finance 8oaJ. Wr recognise the nttd ro provide a hIl-qUalIty Yryice in order to rctaitt eustomrrs and hllve intrU¢ Key Perfotman¢e ltsdicalors for thequality of thisory suppo Growryng our trainitg custotner number5 i¥ important thrtt aSonS.. l. Achicvtment offinartcia] goals. 2. Creating a pathway for ¢Nning custorneTS to beci>me SLA wswmers. 3. Cro&s-sclling othct LOLC producT5 and 5ervice¥ to a'¢apiiv¢ audi¢n¢i. Wc have established a new s¢( of Key Perforniance Indica far tht quality of training coutK8. Cowse feedback has been received from 107 EVC ty4inin¥ and re-validation course cuswm¢rs in the last 3 ye4rs. It indi(xtcs a high level of satisfaction. Feedback qu¢5tion How wiiuld yvu the cour8e detivery. l4uw wuuld you rdte the opporDJnity io conrribute? How would you rate the Telcvance of matenal? Pl¢88¢ ra how mu¢h you enjoyed the course. FinaD£e Thc Longt0 EVAS nct Ma1 In 2025 15 fOrecLted to be 37.40/0. The 3-year trettd has b¢eTL for an annual Teduaion in net rAargin. (Jr 8(fdl is to prioritise the re¢enlion of oycrall SLA customer numbEfs and to increase trdinin8 ¢OILrse custo1[LUmberS in order to wiu¢¢ I 0W the rate of net marwn rethiction. To ¥hi¢v¢ this targct. we pian to.. . JThprove the sUPPOrt (o SChIS including the effiricY of the SLA rcncwal proce&ses atjd rmErg¢ncy 1viser sur4)M. - Con¢inue 10 apply price rises that refl¢ct th¢ iULTW¢ ofstsff costs. - Develop and sell new trasning pmducts in r¢$p)nse to the training n¢¢ds survey. - Develop and dis¢ribut¢ new maTketin8rnatcrials focused on the Indendent schools, market. Page 7
L.ONGTO_WN.ovfDOOR LEARMNG TRUST (REGISTERED tIlJMBER: 11291732J TRUSTELS, REPORT FOR THE YEAR ENDED 31 DECEKBER 20Z4 ACIIIEVEI¥iENTS AL¥D PERFORMANCE S&lety There have been no gignificartt intidenatcid¢nts on educational visits that Lotwown EVAS h&8 provided f0Mtiv¢ fe¢dba¢k 3ttdlor ¢ndor5CTn¢nt for. It 15 rriticai that the advice provided to sChIS is infornlcd by OEAP Natiotlal Guidate amplifia by '¢ase law, and naiional E¢st p¥a¢iicc shared in OEAP Forum and OEAP panel meetings Iboth nats.onal and re0*]). lrt his rol¢ as Choir of th¢ OEAP Midland5 region, Uike Faweett h&s been a¢ the f¢¢frOn1 of effons w se¢ure SUSTainable fllnding forOEAP Nationa] Guidance which is such a critical safety resource. Poge 8
LONGT0ITrTr4 OUTDOOR LEARNING TRUST REGISTERED NLMBER: 11291732) TRUSTEES. REPORT FOR THE YEAR Ef4DED 31 DECEMBER 2024 FINANCIAL REVTF.W Fin*ndal po$ltion Finatjcial re5ulrs for thc YCret4 31 Dttember 2024. Re5id¢ntial cduc4tional eours¢ in¢um¢ wa¥ £434,878 comrdred with £567.462 in 2023. Income from nott.r¢sidcnttal cducationd COU increased. from £31277 10 £55235. Educau0)l Visits Advisory S¢TViC¢ (EVAS) income to £86,395 for adwe¢ 15UPPOrt {£80.332 in 20231 and £17,915 fortrainin8 (£21,3(M in 20231. EVAS Advice in¢4)m¢ is bccoming incre&%ingly erable. Yvdr ott incrca5in8 numbers of SChlS citl h¢x)sing w move providers to external fac(ors (e.g. & school joins a Multi Academy TnLSi- MAT - who ar¢ already lttked-tn with a ditTer¢nt provider) or who mBk¢ their renewal decisioll basrd on price alone. The apparent growth in advice iticotne (prir¢5 a]ready 1n0jryrattd a 5014 rise in ftts) wa$ only 3th1ed bec4use w¢ wer¢ able to r¢place the lo&s of itt¢ome from a largc 5ccondary school atjd a primary h0o] with & sm411 indeident secondary sch¢x)l aT three primary Schcls. The eth1cati0n visits advice tIJa<1P[(c is very cotnwitivc alld cncrgy and li has to be expen(kd4tmually to 5ecurc renewals. The EVAS training income for 2024 was iofiated by the Jnelusion of a training contract for a large hL4T. Although excellcnt fethack w&8 rcceivcd for the trtining providd. they have since moved thcir tnill8 2nd advice requiremenLS oD-lir]¢ with a large tlational competitor. Cwled the l(y55 of the MAT contra4 demand for bainittg has Teduecd SIlfi¢tlY al trdining inc4)tlle is declining. IIKtr¢nds dr5cribed above arc thown he.. SLA Jneome of total 79.0 82.8 86.6 Training Incornc EVAS Net Mat¥w Y 45.5 2023 2024 2025 budget 21.0 17.2 13.4 37.4 Self-catrring dccre&8ed to £l4.0951£18.518 in 2023). The Wilson Foundation provided £14.426 of d0ftatto (down frcfft £58,028 in 20231. This wa5 due to thc removal of laukel buTSaTi¢S' forall NotihonwtollshiTr s¢h(N)Is {re5tiicled fi]nds). We were forecastitkg a loss of £21,038 in the 2024 fJnaMal year but achiev a $UTpIu5 of £1.789. a Y4ria¢ion of £22,827. Ill 2023, we Tnadc a surplus of £174.722. Overall income dropped by £154,693 and there a sigDificani and itttentiOTThi ittcreast in wage% due to pay rise$ 8nd chan8e to the cefttre teant $&ffg stwcture. TILere wa$ in¢rewd inve8tm¢nt in health and safety. trainjng and att incre&sc in profc&8ional fe. Th¢ swplus is r¢tlectrd iti the inc48¢ ill cash held at var2ous batiks by LOLT which incrcascd frorn £642,055 at th¢ end of2023 LO £662,401 on 31 December 2024. UTtr¢Stri¢ted r¢svv¢s inGr¢gsed by £1.789 over (he year 8nd r¢s¢rye5 increased by £nil. On 31 DeL'Ember 2024 the charity held total reserves of £618.240 12023 £616.451) of which £644 (2023 - £644) r¢laitd to rcstyl¢d r¢setV¢5 and £617.596 12023 - £615,807) uf un[tricted rtserves. Free ieserv&s Iunrestsl¥t uet cwreni &$SetlI1&bIlitIC8)I at the year-¢nd arnoUn1 to £566,021 (2023- £589.8821 Voluntser ¢ontrlbudon$ Tnjsiees have contributed approximately 160 hours of volunieerinB time lo th¢ running of the T[SL Thts was a plw]ned rcdu¢tion in con)mitmettt compared to Previous years {tGa. 250 hours) as ttU'5 level of llLvolVennt was f¢lt lo b¢ WU8nablc. The ¢en¢r¢ (4WdtiOn ai80 Seen an overall redllctim in volunteer time &8 we movc to & more slablc stalTin8 StrucDJre. Pag¢ 9
LONGTOWY OUTDOOR LEARNING TRUST {REGI8TERED NUMBER: 11291732J TRUSTELS. REPORT FOR THE YEAR Ef4DED 31 DECEi¥IBER 2024 Affordablllty BuTS8rie5 LnL8tCwn OutthT Learning Trust is a charity which swks io b¢llcfii the public through the pursuit of ils objects. Our l¢¢s wre %1 at & level to LYLwrc thc financiAI vbilIty of the TntsL wkn'lst consist¢nt with our mission to provi& high quality outdoor learntn8 that is both xr¢ssibl¢ aTMI affordable. Wc also run a bursary scheme which the T1¢ VI a5 ¢S5¢ntial in helping to ensur¢ young ople, from famili who would not oth¢rwtK be able to aftord the f¢c4 arc ablc to acCS the InrmIatIvC resi(kntial experiences we offrr. To dS5LSt fatnilies that are strugglin8 fujanciaily, the Tnkst offers fwr bur5aTie5'. l. The Wilson Foundation 'Fret Scknol Meals, But5ary - rover5 31PA of the cost of& scbool ruidential trip for auy thild in the county QfN(thnpt0shirc who is on free whty)I mral.%. 2. The Wit%)n Foundthn 'DiscreiioJJary' BuT5ary - fiwd5 UP to 30% 01 the cosi of & xh(xTrl 1¢8thiial for ¢luldr¢n NortharnptOTLshire that mi8ht not otherwise Lx able au£nd due to fiTx8ncial challcngcs. 3. The IA)]]gtovrn Free School Meals. Bursary - ¢ovcrn of the cost of a sch(KJl reSidtI&l trjp far any thild in the UK (excluding Northamptonshire) who is on fre¢ school meals. 4. The LOnbrto1 Viscretionary. Brsary - fulld5 UP to 3(P/o of the cost of a school residentia] for thil(hEn in the UK Icxcluding NOrthamPttshlrc) thal might not otheThwi5e be able to attetKi duc to flnancial challenges Prlndp81 fundlng 8ourtes Grsnts and oth¢r $ourtts of fvndlng LOLT¥ pnnctpai sourtc of T¢v¢nu¢ is incorne generated through the le of outdoor l¢aming r¢5id¢ntials, activity days, visit leader traLlllrtg and EVA seThTrcc level agreements. Grdnt applications art limitcd to th¢ Holiday5 Activi(ies aDd Fo(xl Pr0Mme by Her¢fordshire Council and dIscet applications to local grants for equipment. We did not run any fjJtblN"8ing events iT) 2024. nor didwe apply forany other fi]nding ¢.& businrss loan& Invut¢t pDlicy and oblectlves LOLT adh¢& to the ethical investment rK)licy regulaiiotjs of the CoratiVe Bank and Monrnouthth Building Reserns po]Icy Th¢ hol¢Jing of aT¢scrvE allows LOLT to pian for the fvDJre, absub SE(bwck5 and maxiTnise oppojwnities. For WKAmple: - To reduc¢ the impact of wlanned expenditu. - To fund shortfalls in income, when income does not rca¢h eXCted level5. - To accuruulale major proj¢¢is or ev¢nt& - To inv¢5t capital and use the interest to fund our Bwsary S¢h¢m¢s. Havitig coDsidcred IKst practice wthin th¢ st¢ttr atLII arm55 other 5CCtor4 and taking into account van05 insights sh predickd incom4 exrndlue and risk, Trys*es agree that LOLT should havt enough res¢Jves fDV a'ttonnal, peri(MJ of trading of between 3 and 6 months in relation to known liabilitie& Coing eontern LOLT achieved a5rn81I Surp1 of £1.789 itt 2024 a5]d had assets of £618240 at 31 Dcccmbtr 2024. Tht Tntst meets its day4daY w01n8 capital requirements through its ¢xisting cash reserves. l(M)Tr/• of th¢ projected turnovu for 2025 ha5 dlrvady been %cured through adva knokJn8s. Th¢ Twsttts gre 51ti8rl thai th¢ budget for 2025, shtiwing a small 5pIuS of £1.916. will bc achicvcd. Based (• the liquid Asscts held by th¢ Trust a8 at 31 Decen 2024, the budgetcd cash flows and the TnL8tegs' a&Yssmcni of the Tntst's ability to mainlain satisfaclory reserves and casl4 th¢ Trustees beli¢vE it L5 2ppropriate to adopi thc going conttm basis itl prcpatitig the Trust's fiDancial s¢atemcnts. Page 10
LONGT01 OtrrDOOR LEARNINGTRUST
REGISTERED NUMBER: 11191732)
TRUSTEES, REPORT
FOR THE YEAR EI)ED 31 DECEMBER 2024
STRUCTURF.. GOVb:RIIAIYCE AND MANAGEMEiYr
verning document
The governing d(Ument is LoET Memorftndhn and Arfi¢les of Association.
In setting u]r objectives plonning our activitie4 the TrStee5 have given car¢M ¢ottsiderntion to the Charity
C4)mmission's gn¢ral guidance on public benefit and in [rtiCUlar to its suppl¢m¢rttsry publiL benefjl ¥uidatLce on
advancing education andort fce-chor
Our Iinciples of Govern8n dwument sffls oul how the day.to.day management of the TnLSt tske5 platt, highlighting
where responsibility li<s for d¢cision Tnaking in general and specifically for ceffain governan¢¢ area5. and 8150 identifles
a lead and ILrtked tnceS and staff for cach of thc charity5 five strate¢ pillats. This docwncnt reviewed and updated
regul8rly as Inlet$ alld s&ff chaw. iwt at le&st every three year
Charlty ¢onsrfththin
Ineorporatlon
Longtown td(m)r tamuLg fn]st 15 a register¢d chan'ty limited by guarallrcc, it)cotlM)Ixied on the 4 April 2018. The
company COMM trltsg on 23 ScpteTnbcr 2018 aThJ obtaincd fvll charity st&rns and wstratton wth the Charity
CornmissEon on th¢ 16 OciuiYr 2018.
Recrultment attd APPOintmeTrt ITu5tee5
Thr Eloard of DirectLK5 COtL5iSts of a minimum of 3 Tmsts. Cuttentfy LOLT has 8 tru5ttts, apwinied for th¢ir skills,
exp¢ricnc¢ and conjmitmcn
N¢w TTU51tts ate elected at the AGM or by th¢ BoaTd ffgulyr ll¢1]ng a1 serve for a Lod of 3 Ye5. Th¢r¢After.
TTU4tecs may bc re
LOWGTOWN OUTtIOOR I.F.ARNING TRUST (REGISTERED NUMBER: 11291732) TRUSTEES1 REPORT FOR THE YEAR ENDED 31 DECEb(BER 2024 STRucfuRE, GOVERNANCE AND MANAGEI4IEKr Indudlon and trglnlng tsfneY4 tTUStee5 The Charity U[EakeS a 5kL'115 audit of the thLSt¢¢¥ on att oc¢asionAI basis and pRrticulaTly around the lle¢d for the aM)ointment of a new TTUStcc. Once new Trustets have bects identified the C¢ntr¢ Director and th¢ Chair of Tnte¢S meets the candidate lo discu the purpose of th¢ rharity and the busincss plan for the next thrcc Ye. The priKrfs a150 invitvs theTll to attcnd Board JncctiDgs &8 att observer and to Tneet Oth Trustee5. Oncc appoillte4t the TnLSt¢es sign a code of conduct and are given an induciion invvlvit]¥ a Lombination of key ¢kncurnenta(ion plus communications and fa¢¢ to fa discussion5 with staff and TnLS1¢¢ rewesentative9. Rd4ted parties LOLT ba5 a very strong working relatii)nship with The Wilson Foundation, both 38 the owner of the oUtdr Ctre and as a providcr of but$2ry for children from N0rthamptjShJre. We are eXmelY grful for their colltinued support of our ttable purposc their conllnitsnt to the longterm SUStsllllbdity of tb¢ ¢¢JLi A¢¢¢5slblUty The Tnw wtlcomes partiCipats frum all baCkgrod$. The Trnst is mMItd to safeguarding and pr¢hTr)oting the Welfa of our participants and expeets all staff 2nd volunteers to shate this ¢ornTnithEnl. We are constantly striving mak¢ SU that our rKovtsion is lillked to relevant Obje¢tiV and provid¢5 a truly tlolislic approach to hcalth and w¢llb¢in¥. outd(Kx I7ng and advcmts. and petsonai growth. Wc believe our PtleypanrS befit from learning within a diverse community. A eat ¢kal of IEarning OCCUTS through social interaction. conversaLion and sh&red experi¢nce5 which hel our wliLipallLs develop an underststsdiog of th¢ ]Kr5pectiv&8 of other p¥y)pl¥ Ihdt will b¢ vital in their adult livcs. Pa8c 12
LONGTOWN OtrrDOOR LEARJ¥tNG TRUST {REGISTERED NUMBER: 112917321 TRU.STEESI REPORT FOR THE YEARKNDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AIW MANAGEMENT Risk mnagemÈni The tru5t¢¢s have a duty to identify rcvicw thc risks to which the charty ts exrM)s¢d and to esjsure appropriate Lontyo15 piaee to provide reason2ble &ssurance agajnst fralld and Error. Trte% are a150 Tesponsible for ssftEuardin¥ the a55ets DE th¢ Clwity and taking re4soDable sty for the prevention and detCDon of fraud and other IglarItieS providing reassurnicc that: l. The Clwity complics with r¢l¢vanL laws aud regulations. 2. Tts ets are safeguarded allst unauthonsedwe or disp)sityon. 3. PTopcr records are mainthined and financial inf0t7tLIO used within the ChaTity or for publication is reliable. The TnJst¢es cry our a review of the charity's activities. identifying (hc opportsinits"c8 avail8ble w thr rharity and the risk5 to which tt is exposed. There is a bUsill¢¥ risk r¢gist¢r which aims ts) protect the charity. its guests and staff from risks, with procedurcs in place to tniThitni5e tpart should any of t1.e iisks crystallize. Tnlee$ ca]Efillly review risk reports at each Board meetin& in particular the operational risks and asseciaied repofting that relate tu the Safety and wellbeirtg of gu¢sts attd staff. Procedures are it) place for staff trainill& supervi5LOn and asse&8men¢ with independent ¢tern verifi(a¢ioll where apprOla(C, attd PDlicie5 are In place for 5afeguardtng and health and sdlely. C¢)1)¢la1 insurance Ver ES ttiai]IlaillEd t11Y to ¢OVErpublic and employer liability and insuting ¢)uildings and facilities forreplacctncnt value. Like rnany Llwitics and bu51lle& the incrJ8 costs faced in th¢ UK is a ctsntitiu¢d burden for the orgaDi5atioxL with fTrEr inffeasing salary. utilitie5 and other costs. Schools are feeling the firtanLial pr¢ssur¢s related to Sch1 trips including the cth%t of supply cover and coach costs. Thvre LS alho a gcnEral laiw shortage which can make it very d]"fficult tr) re¢tuit for certain positions. rArticuiarly in hoswts]ity. The C¢ni¥e's mosl significanr risks art.. - People- Failure to recNit and rctsin an appropriately skilled $tsff ieaTn. Centre- Faciliti&s falling behind cusiomerexpe¢rAtion$. - Custorn¢r- Schools bLN)king shorter durduons attd bringing fewcrchildren. - Saftry- Risk of a serio5 ineid¢nl involving a yowig person or - Finance- Failure to mana8c our resetves effectively. The Centre's th(e8y miti8ate these risks is to.. - People- Lncr¢ase our fows on L1t#ll4 trainin¥ d% d¢vEloptnenL engagernent and reteniLOn. - Centre- Returbi¥h and reDew our a¢¢onThKthrion faGilitiC5 and build a brdnd new kiichett and dining f111ry. - ctOmer- Partner with organtsations that work with children and young people outside ofschcM)I hours. - Safety- Maintain our focus on safrty compliance. ClUdIng 5al¢guardll. - Finance - IncreL8t our ottupancy rats, Incre our price5 in line with inflation and incentivize sthi)ts18 trj bring more children andeome for long¢r. EVAS, most significat)( risks arc, - Pcople- tAck of advisory tApaciry - Customer. SCIOIs notrcuewwg Service Levd Agreettlents ISLAS) EVAS, strategy to miiigal¢ the lark of advisory capacity is to.. - Employ an EVAS Busirtcss Support Offiecr. - U5¢ the VisiiEmergenci¢s SupptsrtN¢nvork (VESNI to provide emergency advice capaciry. . Elthle the Centre Director to be ablB 10 off¢r addlu0tl c6pacity / w01n¥ towards 5socia advis¢rstaius. - Sct up infornial amngements wth other Midland5 pancl Golleagu¢s. EVAS strategy to miiiwdL¢ the risk of s¢h(w)Is not renewing their StAs is to.. - Devel¢)p a ranxe of adNYsory pkageS ai different price points, - Retlew f¢xus on the quality of the offer, partirularty to Head Trathc . Rcnew f(Kus on EVC newsletters &q ap&¢k4¢ bm¢fit for SLA cw*omers only. P&8e 13
LONGTOWN OL'TDOOR LEARNING TRUST IREciYfERED NUMBER: 11291732) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 STATEmEr OF TRUSTEES. RESPONSJHII.ITI Thc ttustets (who art also the dir10 of Longtown Outdoor L£ning Trnst for the putpt)5Ls of company Idw) drt resnSible for prepftg the Tnjstees. Report and thc financial ststemcnts in acctsrdan¢e wtth applicable law and Unit¢d Kingdo Ae¢oulltfftg SIArKlards' ILTiLit¢d Kingdom Generally AGGounting Pr8clic¢) including Financial RwTting Standard 102 The Financial Reporting Standard 8ppli¢able in the UK aTMIRepublic of Ireland" Comwiy law re4wires the trustee5 to prepare fJnan£i81 ststcments for ¢h fitthllCi81 year which givc a tnje attd fa view of the sia¢ of #ffwirs of the charitable company ond of th¢ in¢orning r¢sou&S and applicatioTr of rosowce4 in¢luding the incomE ard ¢xp¢ndiiure. of thc charitable company For that period. In preparing those fitwjcial stht•nents, the seleci suitable accountillg poiici&s aDd th¢D apply ¢hem consistendy,. ob5¢rye the methods 2nd principles in the Charity SORP., make judgemenis and estimates that are reason3hle and pent.. preparc thc r]naDciai sratern on th¢ going conc£rn basis untess it IS illappmpri8t¢ 10 pre$t that th¢ Gharitable Company1] continue En l¢S9. Tr trst5 arc reswjnsible tor ke)g propEf aCCOUTtting record5 which diKlose with reag)nable UraCY al any tin the financial posiuon of the charitablc company and to enable them to ensutt that the financial 51aternents comply with the Compani¢s Act 2006. They ar¢ also r¢spon5ible for 5af¢guarding the &ssets of the charitablc Company and hence for taking rc&8onable steps forth¢ preVtiOn and ddecti¢)n of fraud and other llr¢8ukn'ti¢$. Thi8 rerA)rt h&8 be¢rt pr iD acrordancc with the SclaI prowsioths of PaTt 15 of th¢ Cornpallie5 Act 2006 rdatill8 10 Small wmpani¢s. Approved by ordcrof the board of trusttts on l¥ Scp*mber 2025 signeil oll its ialf by.. Mrs F H Dickson- Chaimwi- Tnee Page 14
ThI)EPENDENt EXAMINERIS RF.PURT TO TIIL TRUSTEES OF tL)NGTOWLY OUTDOOR LEARNING TRUST REGISTERED NUMBER: 11291732 Ind¢p¢ndent txaminer'5 report to the trusteu of IA)ngtowtt Outdoor L¢*rnlng Trn5t ('the Company I retxjrt to th¢ chlty tn&%ttt5 on my aMInall0ll of th¢ ll¢S of th¢ CoTllFQJLy for the year cnded 31 December 2024. Respoth$lbliltfjcs basis of rep)rt As th¢ Gharity'5 tNstee5 of thc Comp&ny (and aLs() its direuors fi)r the puryx>5es of Company law} you are rcsponsible for tb¢ preparation of the accoullts in a¢¢tsrdart¢E with thr rEquirements of tbe Compani¢8 Aa 21X>6 fth¢ 2006 Arf). Htvin8 satisfied myself that the awowits of the Company are not requiT&I to be audited under 16 of the 2)6 Act atld are eligible for indep¢nd¢nt examination. I rcport in respect of my examinatioty ol'your charity's a¢llts as carried out under S¢¢tion 145 of the Charities Act 2011 {the 201 l ACVI. In canying out my cxamittation I have followed the Directions given by the chlty Commi55iOQ UTHler sectio 145{5) (b) of ihe 2011 ACL Independent txaminer'5 5ta¢emeTrt Sini¢ yow ¢lwity'S gross income exceeded £250,(K)O your Tnust bc a membcr of & listed iKM4y. I can confitm thai T am qualified to undertake the ¢xaminalioll bause l am a member of the A&qociation of Chartered Certified Accountant4 which is ¢)ne orth¢ listed bodies. I have completed my cxaminaiion. T tonfirm that no malters have comc to my attcntiot) in cottncction thc exarnination givittg me caus¢ to Ixliev¢.' accounting Teeords weTE llDI kept in r¢5p¢ci of the Company rt4uired by Section 386 of the 2(YJS A¢k or the accounts do not accord with thosc records., or th¢ accounts do not cnmply wth the accountin8 requirements of Sec¢ion 396 of the 2006 Act other than any TequiremeThi that th¢ a¢¢ounts give a true and fair view which is not 4 lliatr considered as part of an independent cxamtnation," or the accowits have not bcLT prcparcd in accoTdan¢c with the method3 and Principle5 Lif the Statement of Reeomm¢tKicd Prnctice for ac£ounting ern8 by ¢haniirs lapplir&bl¢ to prcparing thr accounts in xwrdance with th¢ FinoJ]cial Rq)orting Standard applicable in the UK R¢publie of Irelttnd (FRS 102)). I have t ¢onc¢ms and have come acm&s no other matters in eont)etlion with Lhe ¢xamination lo whith attentioD should be th&wn in this Trt in Ordt0 cnable aprw understanding of the accounts to be reached. S A Tindall The A550cialioD of Chan¢red Cenified Ac¢ountsnts L(Kkett & Co Chartered Ccrtified Accou]Jtants Shelion House Coningsby Street Hercford Hcrcfor&hirc HRI 2DY 22 septernb 2025 P4g¢ 15
tA)NGTOWN oirrDOOR LEARIIINGTRUST STATEMEYf OF FINANCIAL ACTIVITIES IINCORPOIL4TING AN IYCOME AND LVEf4DrruRE ACCOiTNf) FOR TIIL YEAR EF4DED 31 DECEMBER 2024 2024 Totsl 2023 Total Ut<$tri¢ted Rastsicted futl Not¢5 INCOME AND ENDOWMENfs FROM Donation5 aTLd legacia 2,073 14,425 16.498 58,705 CILaritabk activities Ccntre activities and Ix)okings 594,483 594,483 7(Kb,375 Othcr trwjing aL*ivitie$ Inv¢slment itorne Other inc(xne 19,214 11,522 2,014 L9214 11.522 2.614 29.1( 10,155 683 Totsl 629,906 14.425 644.331 799.024 EXPF.NDITURE OL¥ Charitsble &etrvltles Centre activities aNI trf)okJngs 606,093 14.425 620,518 601.701 10 22,024 22,024 22,601 Totsl 628.117 14.425 642542 624.302 ET INCOME 1,789 1.789 174,722 RECOYCILIATION OF FUNDS Tothl ftmds brought fONd 615.807 616.451 441.729 T(yfAL FUP4DS CARIUED FORWARD 617,596 618,240 616,451 The notrs folrn rArt of these fuuncial Sts1¢n Page 16
LONGTOlTrTh OtryDOOR LEARNtNG TRUST {KEGISTERED NUMBKR., 112917321 BALANCE SItEET 31 DECEMBF.R 2024 2024 Total fimds 2023 Total fun(Ls Unrcstrictcd fid Rcstricted fimd FIXED ASSETS T2nwble assets 16 51.575 51.575 25,925 CURRENT SETs St(Kks DebtOT5 Cash at bank and in hat 17 18 19 2,748 32.797 661.408 2,748 32,797 662.421 1.320 56.544 643,298 696,953 1,013 697,966 701,162 CREDITORS Amounts falling thje within one year 20 (74,010} 174.0101 (4.I,O25} rET CUPIIENT A$ETs 622,943 1,013 623,956 658,137 TOTAL ASSETS LESS CURREf LIABILITIFS 674,518 1.013 675,531 684,062 ACCRUALS AND DEFERRED INCOME 22 (56,922) 1369) 157291 } (67,611) NET A&SETS 617.596 618.240 616.451 uTstriCted fiJnd8 Restrictol fimds 617596 615,807 TOTAL FUNDS 618.240 616,451 The charitable company is enLiLied to exemptiort from athlit undef Section 477 of the Companies A¢1 2006 for the year cnded 31 Dc¢cmbcr2024. The members have tto¢ r¢quÉtrd the company lo obtain an audit of irs finan¢ial statements for the year ended 3 I DecetnbEr 2024 in accorddnce with Sec¢ion 476 of the compa Act 21x16. The trustees acknowledge theirrespoDsibilitie5 for (al ensuring thai the Charitable cotnpany keeps accowiting T¢4)rds that cottwly with Seetiotts 386 and 387 of th¢ Companits Act 2(K)6 and prcpating financial slatetnents wkn.ch ve a tnlt and fair view of the statE of affairs of the cbarilable compatty as &i the end of each fCIal year and of ILS surp1% Dr d¢ficit for each finBnci&l year in aecoTdan¢e with thc Tc4ujreenl5 of Sections 394 and 395 and which othetws¢ comply with th¢ requirements of thc Comp3ni&% Act rejahng to fiD8ncial statrmcnt& so far applicable to ¢batitsbl¢ LMpDY. Ib) The notss forn part of thes¢ fJ]]an¢ial statvnetlts Page 17 continucd...
LOYGTOWN oirrDOOH LARLG TRUST (REGISTERE_D li_UM_BER: 11291732) BALANCE SHEET- Collned 31 DECEMBER 21J24 These financial slatemetjts havc in accordance with the prows10 aFvlicable ro charitable ¢(pmp4ni¥5 bject io tbe sm811 companies regtine. The financial sratements were approved by the Board ofTTU5tees and autlKrrised (or i&sue on 18 Sep¢¢mber 2025 and w¢Jt $ignEd its tKhalf by.. Mys F II DkSOn- Chairman. Tnstct TILe notes forni partof th¢sc fitwi¢iai stat¢mcllts Poge 18
LONGTOWN oufDOOR LEARNING TRUST CASH FLOW STATEMENT FOR THE YL4R ENDED 31 DECEMBER 21J24 2024 2023 C4sb flDIV5 from operating C85h generated from VPWdUvns 52,024 191,778 cash provida by operating a¢tivities 52,024 191.77 Ca$b IknTY5 fD)m inve5thE¥ actlvltle8 PuTcha5c of tangible fixed asstts Interest receivcd 139,353) 6,452 (10,921) 3.512 Net cash used in investing a¢¢iwiies {32.901) (7.4091 ClwiR¢ ¢ash #nd eqvlvajents I thE reporting period C.#%h #nd equivalents al the beglnDlng ofthe reportlThg period 19,123 184,369 643,298 458,929 Casb #nd cash equlvaknt5 st the eDd of tbe rtyordng perlod 662,421 643,298 The notes forn part of these financi*l Slets Pwgc 19
LONCWTOWN ovfDOOR LEARNING TRusr NOTES TO TItE CL8H FLOW STATEMENr FOR THE YEAR ENDED 31 DECEMBER 2024 RV.CONCJLIATION OF NET INCOME TO NET CASH Flw FROM OPERATING ACTIVITIES 2024 2023 Yet kncome for the reportkng per11 (45 per the Ststernent of Flnancl Activities) Adjustments for: Depreciation char8es tnter¢5t received Increase in Stocks Decrease in (kbtors Increase in creditors 1,789 174,722 13,703 {6.452) {I,428) 23,747 20,665 6,626 {3,512) {669) 11,134 3.477 Net ¢8sh provlded by oper#tlons 52,024 191,778 ANALYSIS OF CHANGES IN NET FUNDS Ai 1.1.24 Cash flow At31.12.24 Net cash Cash Ht bank and in hand 643.298 19.123 662.421 643,298 19,123 662.421 Tot*1 643,298 19,123 662.421 The note5 fomi rArt of tse financial statemcnts Page 20
LONGTOWN ovfDOOR LEARNING TRUST NOTES TO THE FINANCIAL STATEMEf4TS FOR THE YEAR ENDED 31 DECEMBER 2024 GENF.IiAI. I1)RMATIoN The charity i5 a privatc company limitcd by guarantee, rebri.$ored in Englartd and Wales. The charitsbl¢ Lyllpangs regist¢red number and r¢8isier¢d offi¢e zddt¢5s can be fou1 on we l. Thc mcnthcrs of the eharitsble company are the tsiJst¢es naYn¢d ¢)n l. ITh the event of the charitable company being wound , the liability in res of the 8uarane is limited to £1 w m¢mbErof the company. ACCOUNTINC. POLICIES B•sl$ of prepring the fl11 Statements Thc financial 5tatetn¢nts of the charitable compzny. thich is a public b¢]¢fit ¢tstity FRS 102, have been prcpared irt accordmcc with thc tharities SORP IFRS 102) 'A¢coting and R¢portiDg by Chuiti¢s: Statemem of R}Mmended Practi applicable io chari¢i¢s preparirtg their accounts in aecordance with the Financial Reporung Stsndard applithl¢ in the UK and Rwblic of Lt¢land IFRS 102) {cff¢ctive l January 20191., Financial Reportin8 Standard 102 The Finarttial R¢porting SrandArd applithl¢ in the UK and Republi¢ of Ireland. and thc Crjmpanies Aci 2006. The fitK¥ncial statements have b¢eR prepared under the historical cosi convention. The financial sia(¢m¢ni$ ar¢ pr¢s¢nted in stttiing which is the fiuwtional currency of the chaTitsbl¢ o)mpat)y and rounded to the ncarcst poun ID¢ome All inc(bmE is r¢co¥ni5ed in th¢ Statement of Financial Activitie% once th¢ dwity has entitlemetst to the fiJTrtLs. it is probabl¢ that the income wll be received and the amount can be measur&1 r¢liabfy. It)me tax cOVebIe in retion to donaiions received under Gift Aid or d¢¢ds of ¢ovcnan¢ is r¢wgosFcd ai the lim¢ of the donation. Goverurnent Grwts Govemn)eni grattts atr W wing thc pcrfurnanre tllixjel and are crcditd to thc Statcment of Fit)atic[ Activities as the relad expemdityrc is incurrc& any defetred el¢mcnt of grdnts is included in creditors as d¢[e¢d itt¢ome. Expendffithr¢ Liabiliiies aTr rffogn)5cd as cApd]bre as 500n iherc is a le8&] or cons1nlVt obligation cojnrnitting th charity to thai expertdittw¢ it is probable that a trdnqfer of econnrnic bcncfits will be required in s¢ttl¢m¢nt and the amount of th¢ obligation can be reliably. KLtUre 28 accounted for on an accnjals basis and has b¢en ¢lwifi¢d wider headings that awegate all cost r¢lotrd to th¢ cat¢gory. Wher¢ ¢olls ToI b¢ directly attributEd to p3rticular heading4 they havc ken allocated to activities on a blS consistetst v/ith t use of rc50urc¢s. All expendilure is inclusive of irrecoverable VAT. Grants offtrcd subject to Conditio which have not bccn mei at the year datc are nottd a5 a cotnmitmcnt but tl accrued a5 cxpcnditurc. T*ngible fixed a58ets Tangible fixa assets are sta1 al eosl less a¢wmuiated depre¢iatioL attd accumulat irnpairn]cnt lo& Items or SIfiC group of ilems costing mort than £500 that arc cottsidcrtd ¢0 have a 5¢fUl life of Iger than the finallcial period in which thcy We purcbasd are c2pitalised. Dwrrciauon is provided at the following annual Tares in order write off the cost of ¢a¢h a¥s¢¢ IE¥5 its ¢5tirnatoJ T&sIdU over its estimated usefi]I life. Mi)tor vehirles Plallt aud ¢qvipllrnt fumitUTe and equipTnent . 25•/• on reducing b81gtKe . 2541ts Oll tthing baitte . 25°/n on reducin8 balance Page21 continued...
iA)IYGTOWN oirrDOOR LEAR7¥CTKUST NOTLS TO THE FIP4AI¥CIAL STATElbtEIYTS- eontltsued FOR THE YEAR EIYDED 31 DECEMBER 20Z4 ACCoUG POLICILS- continued Stocks Stcth arr valued gt the lower of co8r alld Det reali6able luE afteT rnaking duc ail0wojt for obsoletr and slow moving items. Fllnd aetounting Gweraj ti]nds are llnrestrictcd fimds and can Ee used in accordan¢¢ with thE charitsble objectives of the clwity at th¢discretti)n of the tnLstee& Re5trictcd fund8 can only US fur particular rcstlicted Ppose$ within the L)bjects olth¢ ¢hatity. Restii¢tions arise whcn wified by the donor orwhcn fund8 arc raiscd forpattscuiar TE5trictcdpuTPJ8CS. The aiD] andus¢ of each r¢stricted fuDd is.. The WiLson Foundation BuT5ary fund i5 for the purpose of giving finawially disadvantaged children and young pSonSWo knve in NOrthallto1rc acce55 to the residential wur845 by the chatity. Penslon Costs and other p¢-retIrement benefits The charitable cotnpany orKTat¢s detine41 contsibuiion pensien h¢T¢S. Contiilwtions payable to the charitable company$ Tr&i0n schernes are charged to the Staterncn¢ of Financial Activiues in the period to whtch they relate. Donated goods and 5ervlt¢s Assets donatcd to th¢ charitable compony are rectsgni%d at the Jx)iThi of donatio, and valued at th¢ir marke¢ value. In a¢¢otdance wth the Charities SORP (FRS 102) the value of scrviccs providtsj by volunteers is not 08n]S¢lL Th¢ Trustees annual rewtt Limlains further infornMtion a]x)UL th¢ invaluable ¢tribUtIon p]vvided by voluntecTS. Debtor5 Trade and other debLOts ar¢ r¢lUnISed al the sertlement amoullt aft¢r atsy trn(k diseount offered. PtYMents rc vdued ai the amountPTrpaid net of any trade discounts due. C4sh atbfink and tn hand C&th at bank aJ]d in hand includes cash 8Dd short temi highty liquid investsnents with a short maturity of three months tr Less from the date of acquisitsoD or OlXIliIiB of th¢ dwit or simil4r¥coullt. Ll&billtles and pnbvlsi0Trs Liabihii¢s atr r0glSed when there is an cèliWiOtt at the balance sheet da* a5 a TC5uit of a past event, Il IS probable that a transfer of economic ben¢fi¢ will be r¢quiTed in s¢ttlem¢nL and the ott)ount of settlement can be Liabilities Ye¢0]sed at the amouni that the rh4Titablc company aniicipfttes it Iwll pay to settle the delm or the amounr li has (c]Ved a5 thance payrnents forgwjs or seThiccs it musi provid¢. ProM5ion8 are me&%llred at the best e5Limate of the amollttts r4uired to settle the d>lig8tion. lvInCIal instrumeits FinanLial &ssets ond liabililics are recogDiged the batthKe sheet when thc ttwitsbie ¢owy becomcs Jxrry to the contra¢(ual provisions of the financial in$trum¢nrs. The chan"table comparty's financ1 cts qnd liabilities ar¢ basic fncIal instrwncDts, ioitially Trcognised al trAn5action value and ¥ub5¢qii¢ntly rneas at the scttlement vxlu¢. Page 22 ontinued...
LONOw oirrDOOR LEARNfNG TRUST (Es TO THE FINANCIAL SfATEMEs. eontilllll FOR ThE YEAR EYDED 31 DECEMBER 2024 ACCOUNTING POLICIFS- continued Coin% concErn These fittancial srai¢m¢nts have bttn pr¢parrd the going Conc b&si& which that th¢ tharitsble compsny will tthrttinue its a¢tiwti&s for the fOrceable futyjre. The tw$tees Lvniinue to rcgularly fDOnitOE both the financial position of th¢ dwity ar the wider econoTrJic envitDntnrrEI it OpdI¢S in. The tswst¢es belie thAt WTth the charitys exi51ing reserv4 carefid fjnancial mmagemeffl and loyaj Cther b2S4 it will all it to continue to deliver its charitabl¢ abje¢riv¢s for th¢ foreseeahle and at least twelve tnonths fmTn the date of apprvval of these financial statements. Th¢r¢for¢. th¢ ttvSts foutiuue to adopt tbe going conccm basis of acc4)uniin8. DONATIONS AND LEGACILS 2024 Tots] 2023 To&1 )knILs Unr¢stTiCted Restricted fund% Donations The Wilson Foundation 1072 2,072 14,426 677 58,028 14,425 2,073 14,425 16,498 58,705 OTHER TRADINC. AcfivvTIES 2024 2023 Total ut¢StriCd Rtricted fund fi]nds Self Cering Red and eakf$t Shop llJcom¢ 14.095 14,095 18,518 3.839 6,749 5.119 5.119 19214 19214 29.106 INVESTh(ENT INCOME 2024 2023 Totaj fidS UDrestrict¢d Restii¢¢d Rents r¢(&ivtd Deposit ¢0)¢ interest 5.070 Q452 5,070 6.452 6,643 3,512 1,522 11522 10.155 Pag¢ 23 (¥Ltinucd...
LONCTOWY OUTDOOR LEAIIJ¥ING TRUST NOTES TO THE FINANCIAL STATEMEf4TS- ¢ontlnued FOIiI1ILXENDED 31 DECEMBER 2024 tNCOMW. FROM CHARITABLE ACTtvrriEs 2024 202J Actiwty Residcntia] ethjcationaj course$ Non residential educatio1 ¢ows¢¥ Edll¢ation •dvisory traiTLing FAucatioll advigory sup Centre activities and bookings 434,878 567.462 Centre activities ond bty)kitig5 Centre a¢riviti¢s 4n4J bookings Cenire atiivilies and b)okit 55,235 17,975 86J95 31,277 21,304 SOJ32 594.483 7(K>,375 CHARITAIILE ACTIVITIES COSTS fimdin8 of aciivities 15ee noic Dtred Costs {*¢ note 8) 9} Torais Ceth activities and b)okings 597J51 23,167 620.518 DIRF. COSTS OF CHARITABLE ACTIVITIES 2024 2023 TnLSteCs' remunuatton etc Staff costs Vehitle and ty4ulpIt hirc Rent Rates at)dwa ISUr8ce LiEhi atjd h¢at Telephorte Postsge and swionery Advertibittg lknpcrty repxir Food atsd dnnk CotMIable$ EthLcario[I li1tUre Olltsid¢ WUTse ¢enttes SUPDn?¢1ors Trdvelling Motor expet Repairs and r¢n¢wu]s Cle2ning maleri415 and waste th'sposal Training Subsistcnee Htralth and safery comput expetjses .8undry exwxqes Subscriptions Bad debts Payroll Frf]rcau BookkLrping 67.070 253,042 IIJ05 42.934 219,21Y2 18.66$ 4,903 11,933 27,555 1.779 722 3,963 7,820 42.569 5,321 13,898 36,743 I,(8 1.51 25.471 52.343 437 1.602 74 43,829 954 14,443 9,IH5 6,176 3,486 353 6,2[17 5,420 2,116 1,901 3.541 2.244 1,834 431 2,420 44,795 20,968 9,528 6.21)8 6,837 518 9.957 4.352 4,279 2.055 2.899 2.313 10,214 C4tried foard 562.104 522,887 Page 24 continued...
LONGTOWY oirrDOOR LEARi%TNGTRUST NOTES TO THE FINANCIAL STATEMLvfs- contiDTred FOR THE YEAR ENDED 31 DECEMBER 2024 DIRECT CIKSTS OF CHARITABI.b: ACTIVII'IDS- continued 2024 2023 Brought forward Accountancy Lc8al and profe&8iottal feES Baok charges Depreciaiion 562,104 4577 17.376 91 13.203 522.887 4,394 9,133 180 6,329 597,351 $41923 GRANfs PAYABLE 2024 2023 Centrc actLVjties and bookings 23,167 58,778 The tirtal gran¢$ paid to illdividua15 during theyear w&% a$ fouows: 2024 2023 Wilson Foundation Bws8ry LOLT Bursary 14,425 8,742 55.317 3.461 23,167 58.778 OTHER 2024 Totsl fimds 2023 Total fidS Unjutrictsd Restricted Tru5tee5' remuneration and staff costs Vehicle equipment hire Rates and water 11,736 428 185 451 1,042 57 23 128 296 11,736 428 11073 876 250 652 1,725 83 451 1.042 57 23 l28 296 Light and heat Telephone Postage and stationcry Advcrtisin8 Pr(yerty repairs Fixxi and think Purchase5- Shop Motorexpenses Rcpairs and Ta1$ Cleaning nuteri&ls attdwa disrAisal Trainin8 su1stenCe Health and safety Computerexpense$ Sundry expenscs Subscriptions Paw)11 bureau Bwkkeeping Accountancy 63 1,196 354 1,922 600 425 290 3,538 678 360 235 259 20 377 165 162 78 87 386 173 3538 678 360 235 259 20 377 165 162 78 87 386 173 17 295 254 89 105 86 206 Cwried forward 20,864 20,864 21.8611 Page 25 ¢onunu¢d..
tL)NGTOWN oufDOOR LEARNtNG TRU
N(yfES TO THE FtL¥ANCIAL STATEMFNTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
10.
OTHER- Contine
2024
Toral
2023
Totsl
Unrestricted
RE51rictcd
fidS
Brought frAward
Legal and prof¢ssiom] f¢e5
Bank Lh8rg¢s
DeptEa(1Drt
20,864
657
20,864
657
21.868
429
5(A)
51K)
297
22.024
22,024
21601
ii.
rr INCOMEIIEXPENDITURE)
The Jxet snwtllellexpcnditurc) is ststrd aft¢r¢hBirlg the following exceptaonai item:
Bdd (kbts £2,899 12023- £3,541)
IL TRusfF.F.S' REMUNERATION AND BLNEFrrs
2024
2023
Tnkn, Sa[leS
Trust¢e5' social security
Trte¢s, pension c
LONGTOITrTh OUTDOOR LEARNINC TRUST NOTES TO THE FINANCIAL sfATEMEliTS- eontlnued FOR THE YEAR ENDED 31 DECEMBER 2024 13. STAFF COSTS- eontlnued No employ¢c5 IffflVEd ¢rnoluments in excess of £60,0 Totsl trustee and key nnagerneTht personnel remuneratilm attdbenefi were £81154 12023- £79.109) 14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrict fund Rcstricrcd md Total fi(L5 ICOME AND ENDOWMENTS FROM Donation% and legacics 3.388 55.317 58,705 Cb8At8ble xtlvllSes Centre activities and b(K)kn"JJBs 7,575 7(Xl,375 Other trath.tjg a¢tiviti¢s Investwt iD¢Uty¢ Other incom¢ 29.106 9,572 683 29,106 10,155 683 583 TotAI 743.124 55.900 799,024 EXPENDITtIRE ON Chxrltsble wtIvI¢S Centre acts"Nities andiy)okings 546.384 55317 601,701 22.601 22,(rf)L Totsl 5611.985 55.317 624.302 NET INCOME 174,139 583 174.722 RECONCILIATION OF FUYDS Total brL)uglLI forward 441,66 61 441,729 T()TAL FUNDS CARRtED FORWARD 615,R07 616,451 15. INDEPENDENT EXAMINERS REMUP*ERATIOh' 2024 2023 F¢&$ for the indwdent cxaminatsoo of the accourtts for thepw'od Fets for Lthcr financial services 2.400 9.255 2,400 IOJ28 Page 27 contsnucd...
LONGTOWN OiThDOOR LEARNINGTRUST NOTES TO THE FINANCIAL ATEmElYTs- eontlthued FOR THE YEAR EIlED 31 DECEMBER 21J24 TANGIBLE FIXED ASSETS Office fiJrnittLre Pl8JJt and quipmtnt Motor vehicles equip1nt To15 COST Ai l jatary 2024 Additiof15 35291 13503 6.299 31.586 25,850 73,176 39.353 Ar 31 D¢cembEr 2024 48.794 6299 57.436 12,529 DLPitEClATION Ai L Jattllary 2024 Charge fory¢4r 19.736 6,418 3.589 23,926 6,605 47.251 13,?03 At 31 Dethnitr 2024 26.154 4.269 30531 61),954 NET BOOK VALUE At 31 Deccmber 2024 22,640 2,030 26.905 51,575 At JI Decen¢ 2023 15.555 2,710 25.925 17. STOCILS 2024 21Tr23 S¢otks 1748 lJ20 DFIITORS: Amoufm FALLING DUE WITHIN OYE YEAR 2024 2023 Trndc delknr5 Prepayments and accrued 25.691 7,1 54,119 2,425 32.797 56,544 19. CASH AT BANK AND IN IL4ND 2024 2023 Wilson Fadatirt Total Total fidS fimd fund Cash in hand Bank account I Bar account no 2 BaE& deposit account I Bank dctM)sit accollnt 2 Bank dwsit account 3 20 339.551 IIM) 218,904 15.293 88.553 1.243 291.657 338,773 778 100 218.904 15,158 88,553 215,389 48,857 86.052 135 Totsl 661.408 1,013 662,421 643298 Page 28 continued...
LONC.TOWN oirrtK)OR LEAILYtNG TRUST NOTES TO TUE FINLCIAL STATEMEIY13. eotttknlled FOR THE YEARENDED 31 DECEMBER 2024 20. CREDITORS: AmoUTs FALLING DUE WH1N ONE YEAR 2024 2023 Trnde crcditor5 Social security and othertaxes Sunthy Creditors and a¢¢rLJals Deposits in advance 5,486 5,785 1,065 896 25,064 16,000 54.690 74,010 43,025 21. LEAStNCv ACIREEMF.Nrs MiniTnum F4ym¢nts ulld¢r non-¢¢718blc q)aBtirtg le&ses fall due as follows.. 2024 2023 Within one ycdr Between one and five years 332 1.159 1,491 22. ACCRUALS AND DEFERRED INC.nME tkferred incom¢ Gornpri%s Educ&tion advisory support and Bursary incomc. Education advL50ry s1]Prt incom¢ 18 dcfeLTed so as to reco8nis¢ th¢ in¢¢)me at tkne tim¢ the 5avice isprovid¢¢L 2024 2023 DeferTed in¢omc brought fonvdrd IncullL¢ invoiced period Deferred income canied fonvard 57.817 85,5 (56,922) 51.149 87.(K>O 157,817} Income recogllLsed for the p11 86,395 80,332 income tE¢eived for the peri(MJ I September 2024 31 Augi]st 2025 bui not awardcd by thc year cnd is deferred b¢ reC4)gnid in th¢ following year. 2024 2023 Deferred itlcome brought forward Income received Deferred income crIed forward 9,794 5,0(M) {369) 9,016 56.095 (9,7941 Incon recognised for the period 14.425 55.317 2024 2023 Edu¢aiion Advibvry Support income e4rri¢d foNthrd Bursary income carried fotward 56,922 369 57.817 9,794 Total dcfcrrcd income 57291 67,611 Page 29
LONGTOWN OUTDOOR LEAILYING TRUST NOTES TO THE FINANCIAL STATEMELYfs- eomdnued FOR THEEADED 31 DECEMBER 2024 23. MOVF.MENT IN FUNDS Net movement in fid5 Ai 31.12.24 At 1.1.24 Unrestrlctcd Gettcrai fjmd 615,807 1.789 617,596 Restricted fvnd5 Wilson Foundation Bwsfiry fimd TOTAL FUNDS 616.451 1.789 618.240 movement ia itKlud¢d in tb¢ ave arc 88 follows: Incoming resourc¢s Rc5ourtts Movement cxpend in fijnds UThr¢strl¢ted hlnds G¢n¢ra] fiu)d 629,9(I5 {628,I17} 1,789 Re5tTieted funds Wi150n Foundarion tlwsary fvtsd 14,425 (14,425) TOTAL FUN]kS 644,331 (642542) 1,789 CompAr4tiva for movement In Nct moverneftt in fiLDd5 Ai 31.1223 Al 1.1.23 Unrestricted funds General fimd 441,668 174,139 615,807 Rtstrltted thDd5 Wilson Foundation BuT5ary fund 61 583 TOTAL FUNDS 441,729 174.722 616.451 Pa8e 30 con(tnued..
LONGfowEI OUTDI)OR LEAR1c TRUST NOTES TO THE FINANCIAL bryATEmErys. ndlled FOR THE YEAR EYDED 31 DECEMBER 2024 MOVEMEYf IN FUNDS- eontlnued CompaNive tt movement in filljds. in¢lud¢d in the alK•ve oxe follow5.. Incoming Rcsources resourccs eXpe[¢d Movement in fimLs Unrestrieted fvpd5 Gencrnl fulld 743,124 1568,985) 174,139 RestrICt funds Wilson Foundati fid 55,900 155,3171 583 TOTAL FUNDS 799,024 1624.302) 174,722 A culrent y¢4r 12 mondLS and prior year 12 months combined tx)5ition is &5 follows: Net At 31.12.24 At 1.1.23 Unrestricted funds General fimd 441,668 175.928 617.596 Reitrkted Wilson Ffxmdation Bursary fund 61 583 TOTAL FUNDS 441,729 176.511 618240 A rutrwrt year 12 llnths atld prior yw 12 months cojnbilled n# tnoW¢¢t in fiu]d& included in the above ar¢ as follows: tncomin8 Resouwes expended Movement in funds UThrestrleted funth Generat fi]nd l J73,03Q (1,197.102) 175.928 Rests4cted funds Wilson Founthtion Bw5ary fi]nd 70J25 169,7421 583 TOTAL Fuf4DS 1.443,355 (1266,844) 176,511 Page31 ¢Olllinucd...
LONGTOWN oirrDOOR LEARNtNG TRUST NOTLS TO THE FtNANCIAL STATEMENTS- eonthiued FDR THE YEAR ENDED 31 DECEMBER 2024 RELATED PARTY DISCIAk8URF,S There were tx) relakd patytransactions f¢x the year cndoj 31 Dccembcr 2024. PENSION COMmE1%s The tharitablc company owalesa dcfin¢d ci)ntribution peThsion scheme. Contributions are Charged to the Statemcni of FiDkllciai ALtivi¢i#b ill the period which they ar¢ payabl pension ¢hargc for the period repTcsenLS contributiOll5 payable to ihc 5ehemc of £1 1,677 12023 - £8,946) COnthul10nS outstsmding ar the period et)d wer¢ £nil (2023- £nil). Page 32