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 Lo￿￿OWN OUTDOOR LEARNINGTR coiYrENfs OF THE FINANCtAL STATEMENrs FOR THF. YF.AR F.NDED JI DECEMBER 2024 Page Reftrente and AdMIn￿trative 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 LEAR￿jNGTRUST REFEREP4CE AND ADi¥UNISTRATIVE DETAILS FOR THE YEARENDED 31 DECEMBER 2024 TRUSTEES Mr M S Fawcett (resigned 5n)124} MS J S¢ll￿{r￿l￿Ed 5N9124) Mrs F H Dickson- Chainnan MT S A Lee- Treasurer MT8 A C Prcccc Mrs E J W￿laCe Mr N C Wilson {resigned 911n5) Mrs C E Brown (appO￿ted 2212Q4} Mr G G Smith- Centre [h"rcC￿r 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* P￿5¢]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 R￿ornmen￿d 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 d￿Clop confidenc< and 8￿w, throu¥h tran5fornJativc Ex￿riencES in thc outdoors. Chllr ￿Tn￿e'S report During 2024. LOLfs ce]Rtre t￿ advisory s¢￿i¢¢ aDd ix)ord of trus*e5 ￿ve worked collabordiively to ensllre th&t our Updat￿ busin￿5 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 fO￿ard to a busy but purposcfi]1 2025. Despite ornmercial challcngcs across the outdoor educati(xJ sertur, b￿h 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 step￿d 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[0￿M 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 b￿1 on quite a journ¢y Sill¢¢ th¢ Tn￿ was set up in 2018, with th]s year marking th¢ 60th Anttivcrsary of Longtown Ihtdoor Eth￿tIOn 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 w￿l￿enCe 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 En￿alld and &iuth Wales. bursary fi￿d ￿￿[c5 that no child Miss￿ out on hawng an adventttye, regard1¢55 of their circumstance& and our continued wnmitrncnt to the gOV￿Men¢5 Holidays Actiwties and F(Kxl PrO￿amMe means more childT¢n from iow-income r￿lI)ES itl H￿¢fordsh1re b￿efit fry)m our ttaTJsfoTmative outdoor ¢xpvi¢nc¢& This rwt provides iLsights into ow ath'cYcm¢nts, challen8e8 and 0￿r 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 0￿EcTIVEs AND ACTlVtTIES Objectives and activitiL8 We are a charity th2L belie￿ all young people should havc the oR￿jnIry to build rtsilientt, develop MLfidence, and 8row. through t￿t￿litiv￿ &XPerieTKe5 inthe outthors To achieve owvision. thc Tn￿t opcrate5 two distit)cl Imjt uverlapping arras ofpw￿5ioll.. 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 ¢XF*rf 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 d*ing 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 aCC￿1b]e and affordable for ail. Pnbllc benefit We ￿rther our charitable put￿e& 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 IT￿1vIdual5 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 b￿Sine&S plan is based around five strategic ))illats': l. Prople 2. Centre 3. Customtrs 4. Safety 5. Financc Obj¢¢tlv¢* act10￿ ou¢eomt P￿P￿t.. Attrac4 ret*in *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] ￿¢dU￿r 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 b￿arnC 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 meaning￿1 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 dIEr￿lIt to T￿rUIt 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 a￿d 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 F*en 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 mOdularee￿bu11d. 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 fi￿d 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 sch￿16, With som¢ KwrNJaTi¢S. eolleg&s. univer5iti&%. unifonn grow)s, clubs attd sttieLies. Our histtsry as an Nortlwnwollshire local authority Lentre xNeaDS that approxim*ly 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 r￿uctIon 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 L￿7n8 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 confid￿e 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 lat￿ched our new nutketillg strategy Jn 2024. Projects itlcludtd new brandill& upda￿1 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 s￿r¢S for 2024 bas￿1 ott thc respons¢s of44 rEsidential group5, alongmth some of our favollrite quotr$.' estion Ave gore COMM￿ts from GTOUP LcadcT5 Ilow did you find your Pre-course infOrn￿tIon alld adminisrration C￿MmuniCation was ¢leaT and effective w2th ¢gotiation ofprogramme. Atlenuon 10 detail wd tOWaTLts individual studcnt nccds- Gloucesrer Univetsity The COUT5e ha5 becn fant&stic. the instmctors have really tLe1p￿ the children to ac]ueve- Cross AslrFFTh¢ PD)gramtt was cohEreTrt and met our need%. a group. Betng able 10 involvcd in the'planning, SL28e of this prtttss wag btneficiaI - LlaDfoist and Llanv1h￿8cl Love how involved the children are in Sorttng their safety equipment (with itistN¢iot ¢lx¢¢ksl- AbIn￿n Va]eGood balanc4 clearly sale and well Tnanagcd wiihout being overbean"ng- Sefton Park Ki￿w[cdgL￿lc, flexible, informative, gotyj at getting to know the children quiekly, ad4)tiV< P[DMot￿ illdepEndence and team work- Seftot) Park+FGteai lea(krship 0[￿tivItieS a8 well as sharing urtetestittg geographi￿ arjd historical knowledge. Leaders eslablishedreally good rapport with all kids. Activiti¢s w¢r¢ pa¢ked with t%￿rienceS- Tiinity+FExcellent; especially ¢at¢ring for the need5 ofthe childTcn with 8END- Iloothville Tasty. warni, great wrtiLus of our platt for Longtown EVAS is to supwrt the delivery of LOLT'S charitable objective$ and tharitable aims a￿1 10 achieve long4eJyn f￿anCIal sustainability. To do this. w¢ hove created thTCC stratcgic 8￿14 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 ￿tgr￿S 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¢v￿A¢￿t of our finance 8oaJ. Wr recognise the nttd ro provide a hI￿l-qUalIty Yryice in order to rctaitt eustomrrs and hllve intr￿U¢￿ Key Perfotman¢e ltsdicalors for thequality of thisory suppo Growryng our trainit*g 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 Ma￿1￿ In 2025 15 fOrecL￿ted 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 SCh￿IS including the effiri￿cY 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¢$p)nse to the training n¢¢ds survey. - Develop and dis¢ribut¢ new maTketin8rnatcrials focused on the Inde￿ndent schools, market. Page 7 L.ONGTO_WN.ovfDOOR LEARMNG TRUST (REGISTERED tIlJMBER: 11291732J TRUSTELS, REPORT FOR THE YEAR ENDED 31 DECEKBER 20Z4 ACIIIEVEI¥iENTS AL¥D PERFORMANCE S&lety There have been no gignificartt intiden￿atcid¢nts on educational visits that Lotwown EVAS h&8 provided f0M￿tiv¢ fe¢dba¢k 3ttdlor ¢ndor5CTn¢nt for. It 15 rriticai that the advice provided to sCh￿IS is infornlcd by OEAP Natiotlal Guidat￿e amplifia by '¢ase law, and naiional E¢st p¥a¢iicc shared in OEAP Forum and OEAP panel meetings Iboth nats.onal and re￿0￿*]). lrt his rol¢ as Choir of th¢ OEAP Midland5 region, Uike Faweett h&s been a¢ the f¢￿¢frOn1 of effons w se¢ure SUSTainable fllnding forOEAP Nationa] Guidance which is such a critical safety resource. Poge 8 LONGT0ITrTr4 OUTDOOR LEARNING TRUST REGISTERED NLMBER: 11291732) TRUSTEES. REPORT FOR THE YEAR Ef4DED 31 DECEMBER 2024 FINANCIAL REVTF.W Fin*ndal po$ltion Finatjcial re5ulrs for thc YC￿ret￿4 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 SCh￿lS 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 1n0jry￿rattd a 5014 rise in ftts) wa$ only 3th1￿ed bec4use w¢ wer¢ able to r¢place the lo&s of itt¢ome from a largc 5ccondary school atjd a primary ￿h0o] with & sm411 inde￿ident secondary sch¢x)l aT￿ three primary Schc￿ls. 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 t￿nill8 2nd advice requiremenLS oD-lir]¢ with a large tlational competitor. Cwled the l(y55 of the MAT contra4 demand for bainittg has Teduecd SI￿lfi¢￿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 $&ff￿g stwcture. TILere wa$ in¢rewd inve8tm¢nt in health and safety. trainjng and att incre&sc in profc&8ional fe￿. Th¢ swplus is r¢tlectrd iti the inc￿48¢ 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 &$Set￿lI1&bIlitIC8)I at the year-¢nd arnoUn1￿ to £566,021 (2023- £589.8821 Voluntser ¢ontrlbudon$ 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 {t￿Ga. 250 hours) as ttU'5 level of llLvolVen￿nt was f¢lt lo b¢ W￿U8￿nablc. 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 LnL8tC*wn 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 v￿bilIty 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 T￿￿1¢￿ 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 acC￿S the In￿￿r￿mIatIvC 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(￿th￿npt0￿shirc 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 reSid￿tI&l trjp far any thild in the UK (excluding Northamptonshire) who is on fre¢ school meals. 4. The LOnbrto￿1 Viscretionary. B￿rsary - fulld5 UP to 3(P/o of the cost of a school residentia] for thil(hEn in the UK Icxcluding NOrthamP￿ttshlrc) 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 Pr0￿Mme by Her¢fordshire Council and dIsc￿et 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 Co￿￿ratiVe 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 eX￿Cted 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 van0￿5 insights s￿h ￿ predickd incom4 exr*ndlu￿e 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 day4￿daY w0￿1n8 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 5￿pIuS 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 E￿I)ED 31 DECEMBER 2024 STRUCTURF.. GOVb:RIIAIYCE AND MANAGEMEiYr verning document The governing d(￿Ument is LoET￿ Memorftndh￿n and Arfi¢les of Association. In setting u]r objectives plonning our activitie4 the Tr￿Stee5 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 I*inciples of Govern8n￿ dwument sffls oul how the day.to.day management of the TnLSt tske5 platt, highlighting where responsibility liintd by th¢ TTU5tee5 to oversee the siaff tram who martag¢ the day to day operations of the centre. An Eduration41 Visits Adviser is appointed by th¢ to manag¢ th¢ education81 visits adwsory service (EVAS). llw Boord decides on deYclopmcllL siraiegy, )licy and finan¢¢, and the Centre Direcujr and Educaiiona] Visis Adviser Iwho mak¢ up the Senior Leadership Team or si.'ri ate respoTrsiblc for irnplenvltation. The Educatiot￿ Visits Athiiser att2nds the Board Meeting5 to rer dI￿￿]Y to th¢ Board on all EVAS mattcr5. The SLT mccL8 fottrightly and mcct5 with the Chair ol. the TrUs￿¢S on a Te¥u]arbasis. The Czntrc Di￿r and FV Adviser provid¢ Writt￿ retA)rt% to the Tn￿lee$ wior io Bo8trd meetings to help infonn their decisions. The CUTr¢nt Tru5te¢5, list¢d in this Retm are also th¢ Dir¢¢tors and membeT5 of the company. Tr liability of members 1$ limited atjd their indiv1th￿l limit of guardntee is £1. There are m¢mbEt¥ 0[Th¢Tn￿t who are noi Tn]siees. R¢muncr*tion policy for trustees Ail Trust¢¢s volunteer the￿ titnc orl uDpoid b&8i8. Wh¢n TnJstM undertake work for LOLT in a professional capacity ¢ky arc paid for the work on a comrn¢rcial b&sis w￿"th, in ¥¢orth¢¢ with Charity Cornmission guiddiiK8. 1$ agreed by rEsolution at a gcneTal meetin8 and minuted and paid on presentauoll of art apptopriate invoice. A l￿zD discount Is offered to Tnjsttts when ￿)kIttg thetn5elv¢5 or th¢ir on cour5cs offcred by LOLT. Pagell 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[￿E￿akeS 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 Tn￿te¢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 oUtd￿r C￿tre and as a providcr of but$2ry for children from N0rthampt￿jShJre. We are eX￿melY gr*ful for their colltinued support of our ￿ttable purposc their conllnitsn￿t to the longterm SUStsllllbdity of tb¢ ¢¢JLi A¢¢¢5slblUty The Tnw wtlcomes partiCipa￿ts frum all baCkgro￿d$. The Trnst is ￿mMIt*d 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 I￿￿7ng and advcmts￿. and petsonai growth. Wc believe our P￿tleypanrS b￿efit 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 m*nagemÈni 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. Trt￿e￿% are a150 Tesponsible for ssftEuardin¥ the a55ets DE th¢ Clwity and taking re4soDable sty for the prevention and detCDon of fraud and other I￿g￿larItieS providing reassurnicc that: l. The Clwity complics with r¢l¢vanL laws aud regulations. 2. Tts ￿ets are safeguarded a￿llst unauthonsedwe or disp)sityon. 3. PTopcr records are mainthined and financial inf0t7t￿LIO￿ 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 t￿part should any of t1￿.e iisks crystallize. Tn￿lee$ 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 apprO￿la(C, attd PDlicie5 are In place for 5afeguardtng and health and sdlely. C¢)1)￿¢la1 insurance ￿Ver ES ttiai]IlaillEd ￿t￿￿11Y to ¢OVErpublic and employer liability and insuting ¢)uildings and facilities forreplacctncnt value. Like rnany Llwitics and bu51lle&￿ the incr￿J￿8 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 Sch￿1 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 serio￿5 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 ￿L￿1t￿#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 f￿111ry. - c￿tOmer- 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. SCI￿OIs 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 addlu0t￿l c6pacity / w0￿1n¥ 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 p￿kageS 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 STATEmE￿r OF TRUSTEES. RESPONSJHII.ITI Thc ttustets (who art also the dir￿10￿ of Longtown Outdoor L£￿ning Trnst for the putpt)5Ls of company Idw) drt res￿nSible for prep￿ftg 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 p￿￿ent.. preparc thc r]naDciai sratern￿￿ on th¢ going conc£rn basis untess it IS illappmpri8t¢ 10 pre$￿t￿ that th¢ Gharitable Company￿1] continue En ￿l￿¢S9. Tr tr￿st￿5 arc reswjnsible tor ke￿)￿g propEf aCCOUTtting record5 which diKlose with reag)nable ￿UraCY al any tin the financial posiuon of the charitablc company and to enable them to ensutt that the financial 51aternents comply with the Compani¢s Act 2006. They ar¢ also r¢spon5ible for 5af¢guarding the &ssets of the charitablc Company and hence for taking rc&8onable steps forth¢ preV￿tiOn and ddecti¢)n of fraud and other llr¢8ukn'ti¢$. Thi8 rerA)rt h&8 be¢rt pr￿￿ iD acrordancc with the S￿claI 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 i￿￿alf by.. Mrs F H Dickson- Chaimwi- Tn￿ee 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¢ ch￿lty 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 ch￿lty 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 b￿ause 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 ￿er￿n8 by ¢haniirs lapplir&bl¢ to prcparing th￿r 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 T￿￿rt in Ord￿t0 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 it￿orne 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 fON￿d 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 fi￿d 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} r*ET 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 uT￿striCted 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 f￿￿CIal year and of ILS surp1￿% Dr d¢ficit for each finBnci&l year in aecoTdan¢e with thc Tc4ujre￿enl5 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¢ L￿Mp￿DY. Ib) The notss forn part of thes¢ fJ]]an¢ial statvnetlts Page 17 continucd... LOYGTOWN oirrDOOH L￿ARL￿G TRUST (REGISTERE_D li_UM_BER: 11291732) BALANCE SHEET- Coll￿n￿ed 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 $ignEd its tKhalf by.. Mys F II D￿kSOn- Chairman. Tnstct TILe notes forni partof th¢sc fitwi¢iai stat¢mcllts Poge 18 LONGTOWN oufDOOR LEARNING TRUST CASH FLOW STATEMENT FOR THE YL4R ENDED 31 DECEMBER 21J24 2024 2023 C4sb flDIV5 from operating C85h generated from VPWdUvns 52,024 191,778 cash provida by operating a¢tivities 52,024 191.77 Ca$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 S￿le￿￿ts 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 Fl￿w FROM OPERATING ACTIVITIES 2024 2023 Yet kncome for the reportkng per1￿1 (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. I￿￿1)RMATIoN The charity i5 a privatc company limitcd by guarantee, rebri.$ored in Englartd and Wales. The charitsbl¢ Lyllpangs regist¢red number and r¢8isier¢d offi¢e zddt¢5s can be fou1￿ on we l. Thc mcnthcrs of the eharitsble company are the tsiJst¢es naYn¢d ¢)n l. ITh the event of the charitable company being wound ￿, the liability in res￿ of the 8uaran*e is limited to £1 w m¢mbErof the company. ACCOUNTINC. POLICIES B•sl$ of prep*ring the fl￿￿￿1￿1 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¢co￿ting 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 ￿cOVe￿bIe in re￿tion to donaiions received under Gift Aid or d¢¢ds of ¢ovcnan¢ is r¢wgosFcd ai the lim¢ of the donation. Goverurnent Gr*wts Govemn)eni grattts atr W wing thc pcrfurnanre tllixjel and are crcditd to thc Statcment of Fit)atic￿[ Activities as the rela*d 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 cAp￿d]b￿re as 500n iherc is a le8&] or cons1n￿lVt 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. ￿K￿LtUre 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 ￿T￿oI b¢ directly attributEd to p3rticular heading4 they havc ken allocated to activities on a b￿lS 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 t￿l accrued a5 cxpcnditurc. T*ngible fixed a58ets Tangible fixa assets are sta￿1 al eosl less a¢wmuiated depre¢iatioL attd accumulat￿ irnpairn]cnt lo￿& Items or S￿IfiC group of ilems costing mort than £500 that arc cottsidcrtd ¢0 have a ￿5¢fUl life of I￿ger 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 baitt￿e . 25°/n on reducin8 balance Page21 continued... iA)IYGTOWN oirrDOOR LEAR￿7¥CTKUST NOTLS TO THE FIP4AI¥CIAL STATElbtEIYTS- eontltsued FOR THE YEAR EIYDED 31 DECEMBER 20Z4 ACCoU￿G POLICILS- continued Stocks Stcth arr valued gt the lower of co8r alld Det reali6able ￿luE afteT rnaking duc ail0woj￿t 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 P￿pose$ 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 p￿SonSW￿o knve in NOrthall￿to￿￿1rc 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¢lU￿nISed al the sertlement amoullt aft¢r atsy trn(k diseount offered. P￿t￿YMents 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 r￿0g￿lSed 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. ￿l￿vInCIal 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$trum¢nrs. The chan"table comparty's financ￿1 ￿cts qnd liabilities ar¢ basic f￿ncIal instrwncDts, ioitially Trcognised al trAn5action value and ¥ub5¢qii¢ntly rneas￿ at the￿ scttlement vxlu¢. Page 22 ontinued... LON￿Ow￿ oirrDOOR LEARNfNG TRUST ￿(￿Es TO THE FINANCIAL SfATEME￿s. eontillll￿l FOR ThE YEAR EYDED 31 DECEMBER 2024 ACCOUNTING POLICIFS- continued Coin% concErn These fittancial srai¢m¢nts have bttn pr¢parrd the going Conc￿ b&si& which that th¢ tharitsble compsny will tthrttinue its a¢tiwti&s for the fOr￿ceable futyjre. The tw$tees Lvniinue to rcgularly fDOnitOE both the financial position of th¢ dwity ar￿ the wider econoTrJic envitDntnrrEI it Op￿dI¢S in. The tswst¢es beli￿e thAt WTth the charitys exi51ing reserv4 carefid fjnancial mmagemeffl and loyaj C￿ther 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¢ ttvSt￿s 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￿¢StriC￿d R￿tricted fund fi]nds Self C￿ering Red and ￿eakf￿$t Shop llJcom¢ 14.095 14,095 18,518 3.839 6,749 5.119 5.119 19214 19214 29.106 INVESTh(ENT INCOME 2024 2023 Totaj fi￿dS UDrestrict¢d Restii¢¢d Rents r¢(&ivtd Deposit ￿¢0￿)¢ interest 5.070 Q452 5,070 6.452 6,643 3,512 1,522 11522 10.155 Pag¢ 23 (¥Ltinucd... LONCTOWY OUTDOOR LEAIIJ¥ING TRUST NOTES TO THE FINANCIAL STATEMEf4TS- ¢ontlnued FOIiI1ILX￿ENDED 31 DECEMBER 2024 tNCOMW. FROM CHARITABLE ACTtvrriEs 2024 202J Actiwty Residcntia] ethjcationaj course$ Non residential educatio￿1 ¢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 ty4ulp￿It hirc Rent Rates at)dwa I￿SUr8￿ce LiEhi atjd h¢at Telephorte Postsge and swionery Advertibittg lknpcrty repxir Food atsd dnnk Cot￿MIable$ EthLcario[￿I li1￿￿tUre Olltsid¢ WUTse ¢enttes SUP￿Dn￿?¢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 fo￿ard 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 fi￿dS 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 Ta￿1$ Cleaning nuteri&ls attdwa￿ disrAisal Trainin8 su￿1stenCe 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- Contin￿e￿ 2024 Toral 2023 Totsl Unrestricted RE51rictcd fi￿dS Brought frAward Legal and prof¢ssiom] f¢e5 Bank Lh8rg¢s Dep￿tEa(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¢h￿Birlg 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 Tr￿te¢s, pension cve. No othertrustets wcre remunerated or receiv¢d bcneflts. Trustees, expeux% Thcre were no trustees, cxpen5cs paid for the year ended 31 December 2024 I￿r for th¢ ye4r ended 31 December2023. 11 STAFF COSTS 2024 2023 Wages salaries Social Sta￿ty costs Other per￿10￿ Costs 299254 20,917 1.677 253.021 12242 331.848 274,209 The avcrd8e monthly number of employees thiring the year wag follows: 2024 2023 Managemeni TuioKs Dome￿ie sthff 12 Pa￿ 26 cofttittued.. 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 n￿nagerneTht 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 E￿IlED 31 DECEMBER 21J24 TANGIBLE FIXED ASSETS Office fiJrnittLre Pl8JJt and quipmtnt Motor vehicles equip1n￿t To1￿5 COST Ai l jat￿ary 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 Fa￿dati￿rt Total Total fi￿dS 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: AmoU￿Ts FALLING DUE W￿H1N 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]P￿rt 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 p￿1￿1 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)gni￿d in th¢ following year. 2024 2023 Deferred itlcome brought forward Income received Deferred income c￿rIed 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 THE￿EA￿DED 31 DECEMBER 2024 23. MOVF.MENT IN FUNDS Net movement in fi￿d5 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¢ a￿ve 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 LEAR￿1￿c TRUST NOTES TO THE FINANCIAL bryATEmE￿rys. ￿nd￿lled FOR THE YEAR EYDED 31 DECEMBER 2024 MOVEMEYf IN FUNDS- eontlnued CompaNive t￿t 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￿ fi￿d 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 ll￿nths 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 COM￿mE1%￿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) COnth￿ul10nS outstsmding ar the period et)d wer¢ £nil (2023- £nil). Page 32