Company Registration Number: CE018642 (England and Wales) Charity Registration Number: 1185055 Low Mill Outdoor Education CIO Annual Report and Financial Statements For the year ended 31 December 2023
Low Mlll Outdoor Educatlon Centre CIO Contents Reference and Admlnlstratlve Detslls Structure, Governance and Management 2to3 Trustees, Report 4t06 ststement of Trnstees, Re5ponslbilitles Independent Examlnerfs Report Statement of Flnanclal Actlvltles Balance Sheet io Notes to the F5nanclal Statements iito23 Detalled Ststement of FSnanclal Actlvltles 24to25
Low Mlll Outdoor Educatlon Centre ao Reference and Adrninistratlve Details ASCNil A Gurden C A Hutchinson D G Llddell Ststion Road Askrigg LEYBURN North Yorkshire DL8 3HZ The chaiity is incorpotated in land Compary R•8 N CE018642 (England and Wales} Charlty R•8 No. 1185055 Independent Examiner Dawn Clarkson aarksons AccountsTrts Thomborough Hall Moor Road Leybum North Yorkshire DL8 SAB Bankers HSBC Bank PLC 189 High Street Northallerton North Yorkshire DL7 8LQ
Low Mlll Outdoor Edu&ition Centre ao Structure. Governance and Management Govemlry document The Charitable Trust was established by a Deed of T dated 18 September 1975. The trustees recommended changing to a Charrtable Incorporated Organisation at the EGM in July 2019 to help maintsin good governan and secure Low Milys operation into the future. The CIO was gfanted by the Charity Commission on 27 August 2019 and operates in accordance with the constttution dated I August 2019 which may be amended from time to time. The members of the CIO shall be its charity trustees who shall manage the affairs of the ao and may for that purpose exerdse all the powers of the CIO. Meetings of the trustees $IUld be hekl at least every 3 months. The constitutlon requi5 a minimum of three tnjstees and the Committee of Trustees is to comprise no rn0 than nine members made up as: Not less than three nor more than seven appointed tntstees lil) Not more than two nominated trustees. Appointed Trustees (al Aport from the first charity trustees, ery appointed trustee must be appolnted for a tenn of three years by a resolution passed at a properly convened meeting of the charity tiustees. {b} In selettlng Indbviduals forappolntment as appointed charitytrustees. the charitytrustees must have gard to the ski115. knowled8e and experience needed forthe effective administration of the ao. Nominated trustees (a) Askrigg & Low Abbotside Parish Council and St Oswaws Church, Askri88 lappolnting bodlesl may each appoint one charlty trustee for a temi of two years. Any appolntment must be made at a meetlng hekl according to ordinary prdctice of the appolntlng bodv. The appointment will be effective from the later date of the vKanry and the date on which the charity trustees or their secretary are infomied of the appointment. The person appointed need not be a member of the appointiTrd body but must be resident in the Parish of Askrigg and Low Abbotside. If the appointing body fails to make an appointment the position shall rernain open until the vacancy 15 filled. A trustee appointed by the appointing body has the same duty as the other charity trustees to act in the way he or she decides in good faith woukl be most likely to furtherthe purposes of the CIO. (bl {el ifl The charity trustees may create associate or other classes of non-VOtin8 membershSp, and may deterniine the r¥hts and obligations of any such members (including payment of membership feesl. and the conditions foradmission to. and terMInafi of membership of any such dass of members. In 2023 the were two appointed trustee5 and two norninated trustees. The recruitment of trustees wlll continue in 2024 to support the growth and ChaIng needs of Low Mill.
Oroanlsatl¢x7al structure Day to day sponsibl11fy for the running of the Centre was delegated to the Head of Centre until the summer of 2022 after which time il was undertaken by trustees on a voluntary basi5. Since February 2023, the trustees delegated responslblltty for day to runnlng of the Centre to the new Centre Manager. The management committee meet at least quarterly and a ultlmately spOn$5b1e for the charlvs artlvltles and 5ettlng remuneratlon of key mana8ement personnel. Inductlon and tralnlng of new trustees All the Low Mlll Management Commlttee and Trustees are known to the Centre and are famlllar wlth the work of the charity prior to their fomial appointment. They are glven the opportunlty to vlslt the Centre and see Its work and become famlllar wlth the staff and thelr roles. Before or on thelr appolntment new trustees wlll be glven a copy of the current verslon of the constltutlon and a copv of the CIO'S latest Trustees, Annual Report and statement of accounts. They are also made aware of any chan8es and future plans and developments.
Low Mill Outdoor Education Centre CIO Report of the Trustees for the Year ended 31 December 2023 The trustees present thelr report and financial ststements as a Charitable Incorpornted Organisation (CIO) for the year ended 31 December 2023. The trustees have adopted the provision5 of Accountin8 and Reportin8 by Charities: Statement of Recommended Practio applicable to charities preparing their accounts in accordan with the Financial Rewrting Standard applicable in the UK and Republic of Ireland IFRS 102} {effertNe l January 2019). OBJEcnvES AND AcnvmES The original Low Mill charity was opened in 1976 to run coursesforgroups of yourg people of all ages and abilities. The aim of the trust V•TrS to 'help and educate YOU people through the provlslon of outdooreducation to develop their physical, mental and spiritual capacities thatthey may grow to full maturity as individuals and members of society and that their condltlons of Ilfe may be improved.. The objectives of ihe CIO are consistent wlth those of the ortinal Low Mlll and are: The aim of the trust IS to advan the educatton of children and young people through: Maintsining and managing an outdoor education centre. faalities and equipmenL The prowsion of assIble and afftjrdable adventurous outdoor education and recreatlonal activities to support and develop chIldn and young people's physical, mental and social capabilities. Such other charitable means as the trustees may think appropriate.. Public Benefft The Trustee5 have complied with the duty uTrder5ection4 of the Charities Act 2006 to have due regard to publlc benefft guidance published by the Charities Commlsslon In decldlng what artlvltles the cent should undertake and believe thls Is achleved by providing outdoor adventure activities to groups from around the county. These groups can be able bodied or special needs and range from primary schools through tertiary level educatk>n and youth groups. It is the trustee< intention to revive Low Milfs historicclose worklng relatK)nshlp wtth local primary and secondary schools. to offer every local pupil the opportunlty to vlslt Low Mlll. ACHIEVEMENT AND PERFORM A new cent Manager and a cook were recruited in February and March 2023 respectlvely and Low Mill 0pened in March 2023 to residential groups after three years of effectlve closure due to the pandemic. The instrurtor and deaning functions have been outsourced to local partners. A third memberof staff joined in May 2023 and the new staff team has settled in well. Every residentlal group expt one that visited in 2023 ha5 booked. Thls is a different operating model tothe one previouslyadopted at Low Mill (which in 2019 employed eleven staff and undertook everythi in-house) but has been successful in delivering exlIerrt adventurous outdoor education and refftational activities. The outsourced fijnctions are more cost effective than under the okl operating model. The trustees vlew 2023 as a platfomi on which to build a post pandemic foundation for Low Mlll. Thls has been achieved. demonstrated by the re-booking of residential experience5 by schools. charitles and youth groups. Strongly indicating satisfaction and confideno in Low Milfs offer and provision. tt is also notsble that 2024 has seen a rise in new bookings from ScPKls and college5 based on recommendatlons from 2023 customers.
The financial SUItS in 2023 refiect lower SIdential fees turnover than before the pandemic but are an encouraging perfonnance from restarting after a three-year break. The trustees confidentty expett turnover to rise and profftability to improve in 2024 and beyond as Low Mlll rebullds its buslness. Low Mill's 2023 land 20241 self-caterlng and catered actlvlties have made a valuable contribution to income generation (towards the CIO'S charitable objectives} and opened up the buildlng for exclusbve Use to walkin& cycling, cavin& running and open water Swimming clubs throughout periods of the yearwhen residential activty bookings have been fewer, such as during the school holidaysand winter months. Low Mlll has also begun to provlde corporate adventu, outdoor learnln8 and team bulldln8 days for local businesse> HNANCIAL REWEW Low Mill funds its actlvEtles by chargln8 the groups who vlslt the Centre. The level of charge Is set to cover the dlrect costs Incurred wlth each vlsiL to make a contrlbutlon to the general runnlng cost and provide a small surplus to provide for the necessary renevRI and expansion of the facilities provided. Donations are also sought whenever possible to contribute to these costs and 8eneral fundraisin8 activities are a150 undertaken. MalorexpenditU for new faclllties has in the past been provlded from speclfic targeted fundraisin& includire the application forgrants from other charitable bodies. Reserves poll¢y The nature of the charitsble actlvltles Is such that they are mostly funded from external sources at the point of delivery. Low Mill's activities are Seasonal. with less income earned over the winter months. The activities also require continued Investment In the facllltles provlded. The pandemlc has shown the need to maintsin sufficient resen$t0 allow forthe temporary closure ofthe Centre. The trustees, policy Is therefo to seNe deposits until the time of delivery and aim to build free reserves at a mlnimum level commensurate with being able to meet on8oin8 Costs in periods of low activity or in the event of a temporary closure of the centre. Free reserves at the balance sheet date are represented by net current assets on unrestricted funds. FUTURE PLANS Losse5 durin8 the pandemic resulted in Low Mlll borrowlng funds from the government and privately, the latter loan secured a8ainst the Centre's property assets. The trustees aim to repay these debts over the duration of the loan terms. Priorlty wlll also be glven to fundralsing for the bursary fund, continulng the development and furbI$hrnent of the building and an appeal to replace one of the minibuses. Donatlons and applications for grants from other charitable bodies will be sought whenever possible to contrlbute to the bursary fund and the costs of improving Low Mill. General fund-raisin8activities will also be undertaken. Marexpend1tu for newfaclllties has in the past been provided from specific targeted fund ralslng. Not having to fund these projects through revenue from course fees help5 to keep the course fees down and enables Low Mill to offer outdoor education to clients that help us meet our charitable oblectlves. The trustees plan to lounth the bursary fund in the coming year to raise money for an endowment fund to 8ive all young people the opportunity to share the Low Mill experlence, regardless of back8round or ability to meet the usual charge. The trustees regard thls Inltlatlve as an essentlal part ofthe development of Low Mlll to enable those most In need to benefltfrom the educatlona5 outdoor experien Low Mill provldes.
There is potentlal for growth in accepting resldentlal booklngs at weekends throughout the year and on weekdays In the November to March perlod. The trustees are developing Strategies to increase bookings in these areas. EVENTS SINCE THE END OF THE YEAR In January 2024 Low Mill welcomed Intemational 5tudent5 from Chlna on a UNESCO and UNICEF supported residentlal trip an(1 hosted an activity day with local secondary School students who spent time integrating wtth thelr Chinese counterparts engaglng in outdoor activities and team bulldlng exercises. In early 2024 Low Mill hosted Dark Skles event5 for the public in conjunctlon wlth the Yorkshire Dales Natlonal Park Authorlty. Trading during 2024 has improved on the year ended 31 December 2023. Turnover is estimated to have increased by around 50% as Low Mill rebullds Its buslness to pre pandemic levels. The outlook for 2025 shows contlnued growth and profitabillty.
Low Mill Outdoor Educatlon Centre CIO Statement of Trusteeg Responsibilities The trustees Iwho are also the dlrectors of Low Mill Outdoor Education Centre CIO for the purpose5 of company law) are responslble for preparlng the trustees, port and the flnancial ststements in accordance with the United Kingdom Accounting Standards Iunlted Klngdom Generalty A¢pted Accounting Practice) and applicable law and gulatIonS. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they a satisfied that they give a true and fair view of the state of affroirs of the charitable company and of its incoming sources and application of resources. includinB its income and expenditure, for that perlod. In Pparing these financial statements. the trustees are required to: Select suitable accountln8 pollcles and apply them conslstently; obSee the methods and principles in the Charities SORP; Make judgements and estimates that are reasonable and prudent; stste whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and Prepare the financial statements on the golng conrn basls unless it is inapproprlate to presume that the charitable company wlll contlnue In business. The trustees are responsible for keeplng adequate accountlng records that are sufficient to show and explaSn the charitable compan5 transactlons and disclose wlth reasonable accuracy at any tlme the financial position of the charitable company and enable them to ensu that the financial statements comply with the Companles Art 2006. They are also responsible for safeguarding the assets of the charltsble company and hence for taking reasonable step5 for the preventH]n and detertion of fraud and other irre8ularltles. Approved by the trustees of the charlty on 29 October 2024 and stgned on its behalf by: A Civil Trustee
Low Mlll Outdoor Edu&ition Centre CIO Independent Examlnerfs Report to the trustees of Low Mlll Outdoor Educatlon Centre CIO I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are Set out on pages 9- 25. Respective responslblllties of trustees and examlner As the charivs trustees of Low Mill Outdoor Education Centre CIO land also Its dlrectors for the purposes of company lawl you are responsible forthe preparation of the accounts In accordan wlth the requirements of the Companies Act 20061.the 2006 Act'l. Having satisfied myself that the accounts of Low Mlll Outdoor Educatlon Centre CIO are not qUired to be audited under Part 16 of the 2006 Act and are eli8ible for independent examlnatlon, I report in respect of my examination of your charltvs accounts as carrfed out under sectlon 145 of the Charities Act 20111'the 2011 ACVI. In canylng out my examination I have followed the Directions 8Nen by the Charity Commlsslon under section 14515}Ibl of the 2011 Act. Independent examlnerfs statemont I have completed my examinatlon. I conflmi that no matters have come to my attentlon in connection with the examinatTon glvlng me cause to believe: Accountlng record5 were not kept in respect of Low Mill Outdoor EducatSon Centre CIO as required by section 386 of the 2006 Act; or The accounts do not accord wlth those records; or The accounts do not comply wlth the accountlng reqU1MentS of sertion 396 of the 2006 Art other than any requirement that the accounts give a 'true and falr VI which is not a matter considered as part of an independent examination; or The accounts have not been prepared In accordan wlth the methods and prinuples of the statement of Recommended Prattice for accountlng and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Sreland {FRS 10211. I have no concerns and have come across no other matters in connertion with the examination to whlch attention should be drawn In this report in order to enable a proper understanding of the accounts to be reached. Dawn Clarkson Thomborough Hall Leyburn North Yorkshi OL8 SAB
Low Mlll Outdoor EduGitlon Centre ao Ststement of Flnanclal Artlvltles for the Year Ended 31 December 2023 (Includlng Income and Empendlture A¢¢ount and Stst¢ment of Totsl Re¢o8nlsed Galns and Lossos) Unrestrlcted Restrfcted fvnds nds Totsl 2023 Total 2022 Inffle and Endowments from: Donations. Grants and Le8acles Charltsble Actfvltles Outdoor education provlsion 20,996 20,996 34,983 143,981 143,981 55,171 Other income Investment income 5,467 78 95.699 135 165,112 135 165.112 ExPendIre on: Charltable Actlvltles Outdoor education provlslon Governance costs Total Expendlture 232,693 16.827 249.520 1,276 233,969 16,827 250,796 144,779 18.764 165,543 1,276 Net movement in fvnds -84,408 -1,276 -85,684 7,844 Retonclllatlon of funds Total funds brought forward 619.835 64,716 684,551 752.395 Total funds carried forward 20 535.427 63.440 598.867 684,551 The notes form part ofthese finandal statements
Low Mlll Outdoor Edutatlon Centre ao {Cornpary Reglstratlon Number CE018642) Balance Sheet as at 31 De¢ember 2023 Unrestricted Restricted Funds Funds 2023 2022 Total Funds Totsl Funds Note Flxed Assets Tangible assets 12 794,955 35,476 830.431 843.354 Current assets Stocks Debtors Cash at bank and in hand 13 14 2.117 5,137 1.433 8,687 -22,144 2,117 5.137 29.397 36.651 -22.144 4.635 5,287 53.603 63.525 -3L543 27,964 27,964 Creditors: Amounts talllng duè wlthln within one year Net current assets (118bllltles) 15 -13,456 27.964 14.508 31,982 Totsl Assets less ¢urrent Ilabllltles 781,499 63.440 844,939 875,336 Credltors: Amounts fall1 due after more than one year 16 -246,071 -246.071 -190,785 535,427 63,440 598,867 684.551 Funds of the charfty: Restricted funds Unrestrlcted funds Totsl funds 63.440 535,427 598,867 619,835 64,716 684,551 20 For the financial year endlng 31 December 2023 the charity was entitled to exemption from audlt under sectlon 477 of the Companles Act 2006 lating to small companies. Dlrectors. SponSibl11t1eS The members have not qUIred the charity to obtain an audit of Its accounts for the year in question in accordance wlth section 476; and The trustees acknowledge their responslbilitles for complying with the requirements of the Act with respect to accountinB OrdS and the pparatIOn of accounts. These accounts have been prepared In accordance with the provisions applicable to companles subject to the small companies reBlme. The financial statements on pages 8 to 15 were approved by the trustees, and authorlsed for Issue on 29 October 2024 and slgned on their behalf by.. D G Llddell Trustee The note5 form part ofthese finandal stst*nents io
Low Mlll Outdoor Educatlon Centre ao Notes to the Flnan¢lal Statefflents for the Year Ended 31 Dewnber 2023 I Charity status The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £NIL toward5 the assets of the charity in the event of Ilquidation. The address of the registered office Is: Station Road Askrigg LEYBURN North Yorkshire DL8 3HZ These financlal statements were authori5ed for Issue by the trustees on 29 October 2024. 2 Accountlng policles Summary of sl8nlficant a¢¢ountlng polldes and key accountlng estimates The principal accounting policies applied in the preparatlon of these financial statements are set out below. These policies have been consistently applled to all the years presented, unless Otherwise stated. Statement of compllance The financlal statements of the charitable incorporated organisatton, whlch Is a public benefit entity under FRS102, have been prepared in accordance wlth the Charities SORP {FRS102) 'Accountin8 and Reporting by Charities: Statement of Recommended Practice applicable to charities preparfng theSr accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS1021 (effective l January 20191" Financial Reporting Stsndard 102'The Financial Reporting standard applicable in the UK and Republic of Iland". They also comply with the Companies Act 2006 and Charities Act 2011. Basls of preparatlon Low Mill Outdoor EduG*lon cent CIO meets the definition of a public benefft entity under FRSIO2. The financial statements have been prepad under the historical cost convention, as modlfled by the valuation of rtain assets. Financial reportlng standard 102- reduced dls¢losure exemptions The charitable incorporated organisation ICIOI has taken advantage of the followlng dlsclosure exemptions in preparlng these flnancial staternents. a5 permitted by FRS 102 'The Finandal Reporting Standard appllcable in the Uk and Republic of Ireland.: -the requirements of Section 7 Statement of Cash Flows; -the requlrement of paragraph 3.17ldl: -the requlrement of paragraph 33.7. li
Low Mlll Outdoor Educatlon Centre CIO Notes to the Flnanclal Statements for the Year Ended 310ecember 2023 2 Accountlng poll¢ie$ (Cont) Income All income Is recognlsed In the Statement of Financial Activities On the charlty has entltlement to the funds, it is probable that the income will be received and the amount can be measured rellabty. Income from resldentlal and day activities is reco8nised when courses commence. Amounts recelved in advance of commencement of activities are Included wlthln accruals and deferred Income. Donations Includlng those on restricted funds are taken lo Income on CeIpt. Any donations ceived on bursary fund are transferred to 8eneral fund when courses take place. Expendlture Liabilities are recognised as expendlture as soon as there is a le8al or constructlve obllgatlon committing the charity to that expenditu. it is probable that a transfer of economlc beneffts will be required in settlement and the amount of the obligation can be measured relb. Expenditu is accounted for on an accruals basis and has been classified under headlngs that aggregate all costs related to the category. Where costs cannot be dlrectly attributed to particular headin85 they have been allocated to advitles on a basis consistent wlth the use of resources. Charftable activitles Charitable expenditure comprises those costs incurred by the charfty In the dellvery of Its artlvities and services for its beneficiaries. Governance costs These include the costs attributsble to the charttys compliance with constitutional and statutory reqU1Ments. including the Independent Examiner's fees. strategic management and trustees, meetings and reimbursed expenses. Allocatlon and apportionment of costs All costs are allocated between the expenditure categorie5 of the SOFA on a basis deslBned to reflert the use of the resource. Taxatlon The chartty is considered to pass Ihe tests set out in Paragraph I Schedule 6 of the Flnance Act 2010 and therefore it meet5 the definition of a charitable company for UK corporation tsx purposes. Accordingly* the charity is potentlally exempt from taxation in respect of Income or capltal galns received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxatton of Char8eable Gain5 Act 1992. to the extent that such income of gains are applied exdusively to charrtable purposes. Value Added Tax is not recoverable by the charity, and as Such is included in the relevant costs In the Statement of Financial AttNitie 12
Low Mlll Outdoor Educatlon Centre ao Notes to the FInal Slatsrnents for the Year Ended 31 Decemr 2023 Z A¢countlng polkles {Cont) Tanglble Flxed Assets Depredailon and Amortls*lon Depreclatlon is provlded at the followlng annual rates in order to wrfte off each asset over Its estlmated useful Ilfe or, If held under a flnace lease. overthe lease terni, whlchever Is the shorter. Freehold property Property ImproVemeneneral Property ImproVements$trIcted Equipment- general Flxtures and ffttlngs Motor vehldes - 2% on cost - 2% on cost - 2%on cost - IO% on cost - IO% on cost - 25% on c05t Property, plant and equlpment b Inttlally stated at C05L but freehokl property was stated at an open market value on transfer to ihe charltable Incorpordted organlsatlon. and Is revlewed annually. Land Included in freehold property Is not depreclated. Sto¢k Stock conslsts of consumable stores and ts valued at the lower of cost and net reallsable value. Fund a¢untIn1 Unrestrlcted funds can be used In accordance wlth the charltable objethes at the dtscretlon of the trustees. Restrlcted funds can only be used for particular restricted purposes wlthln the objects of the charlty. Restrictions arfse when specified by the donor or when fvnds are ralsed for particular re5tr1cted purposes. Flnanclal Instruments The charlty only has financlal assets and Ilablltles of a klnd that qualtfy as baslc flnanclal Instruments In accordance wlth section 11 of FRS 102. 8aslc flnarKlal Instruments are initialty reco8nlsed at the transactlon value and are subsequentfy measured at their settlement value. Hlre purchw and leas1 commltments Rentsls payable under operatln8 leases are tharged to the ststement of fin•ncial artivltles as they occur. Pèmlons ¢osts and other port retlrement obll8atknns The charlty operates a defined contrlbutlon penslon xheme whlch is a pension plan under whlch fixed contrlbutlons are pald into a penslon fund and the tharlty has no legal or construrtfve obligation to pay further contrlbLrtions even If the fund does not hold sufficient assets to pay all ernployees the benefits relatlng to employee serrfice In the current and prior periods. Contribution5 to defined contribution plans are recognised in the Statement of financial Activities when they are due. If contribution payments exceed the contrlbutlon due ftir servi. the &Ycess is recognised as a prepaymenL
Low Wl OutdoorEducatlon Cwrtre CIO Note5 to the FINkn1 Statem¢ntsfortheYearEnded31 Det•mber 2023 2 AccountlPOlklèS (Contl Govemmtnt grants fjovernrnentgrants relate to: - no 8overnment grdnts were reIVed durinithe year. GolnE ¢t)nc•m Based on cash flows and budgets drawn upto at lèastthe end of 2025, thetrustees conslderthat Low Mlllwlll be able to meet Its liabihre5 a5theyfall due and thatany deftiton ordlnarycharltlable aCtttes may asOmablY be fillÈd bv donatlons or Joafi finance. A5a result the trustees a confldentthatthe CIO will remaln a 8oln8 concern fora perlod In exce55 0ftwee montfre4Th the date of approval of thÈ5e financkl statements. 3 Inomelrom dow¢lons•nd legade5 Totsl 2023 Totsl 2022 funds funds Oonatlons 20.996 20,996 20,996 20,996 34.983 34,983 4 Inrnmefrorn tharltabl•adl¥ltlès Total 2023 Total 2012 fvnds fvnds Outdoof edutatlt)n pro¥I51on Residential e5 mIlIaneOuS Income Tk shop Income Dayactfvths 141,976 141,976 S4,148 2.005 2.005 n3 143,981 143.981 55.171 S Other Incom• Unrestrlctod R•sirlcted fvnds Totsl 2023 Totsl Sundry Income Governmentgrants GrftAid refunded 300 2.667 2,500 5.467 6 In¥eslmentln¢ome Totsl 2023 Tt>tal 20ZZ fvrKIs funds Deposltattount Intsrest 135 135 78 7 Expendltur• on ble¥(t1¥1tTeS Unr•strlct¢d R•siritted fvnd5 fvnds Totsl 2023 Total 20ZZ Outdoor education provlslon Dlrect costs Gtsvemance costs SupportC05ts (see note 81 232,693 16,827 1.276 233,969 16,827 144,779 18,764 249,520 1,276 250.796 163.543
Low Mlll Outdoor Educatlon &ntre CIO Notes tothe Flnanclal Statements forthe Year Ended 31 December 2023 8 Anatysls ofgoveman¢e and Support $ts Unrestrfct•d R•strf(¢ed fvnds funds Total 2023 Totsl 2022 Governance costs 16.827 16,827 18.764 Support costs, IndLtded in the above. are as follows: Unrestrfcted fvnd$ Restrlrted funds Totsl 2023 Totsl 2022 Wage5 Employers Nl Penslon5 Postsge & stationery Independent examiner's fees Payroll & bookkeeping servlces Legal fees Bank charges Bank loan Interest Other interest 3.287 334 81 49 1,648 6.000 3.287 334 81 49 1.648 6,000 3.565 270 117 193 4,278 4,752 67 76 852 4,500 16.827 76 852 4,500 16.827 1,022 4,500 18,764 9 Net Inwnel(expendftufel Net Incomellexpendlturel Is stated after char8in811credltil. Unrestrfrted funds Restrfrted funds Totsl 2023 Total 2022 Depredatlon- owned assets Other operatlng leases Deficit on disposal of fixed assets 12,233 823 L276 13.509 823 13336 634 693 10 Trustees. remuneratlon and benefits There were no trtee$. remuneratlon or other benefits for the year ended 31 December 2023 or in the yearended 31 December 2022. Trustees. expens Two trustees were relmbursed for expenses incurred totalling £1505 In the year ended 310ecember 2023. No expenses were reimbursed In the year ended 31 December 2022. 15
Low Mli l Outdoor Educatkn Centre ao Notss to the Flnancial Statements forthe Year Ended 31 December Z023 11 Staff costs 2023 2022 Wages and salaries Employer5 Nl Other penslon costs 66,293 554 1.248 53,053 1,565 1,615 56.233 The average monthty number of employees durln8 the year was as follows: 2023 2022 Manager, instructors and ancillary stsff No employees recelved emoluments In excess of 60.IXKI. The centre made employerfs contrtbutlons to personal penslon polides on behalf of two stsff members. 16
Low MNI 0door Educatlon Centre CIO Notes io the Hnanclal Statements forthe Yewr Ended 311)ecemr 2023 12 Tanglble Flxed Assets Property Improvements Improvements -8eneral estrl¢ted Freehold property Cost orvalu*lon At l January 2023 Additions Dlsposals At 31 December 2023 822.641 128,160 52.687 822,641 128,160 52.687 Depr8clatlon At l January 2023 Charge for the year Disposals At 31 December 2023 27,159 9.053 122,193 555 16,488 1.054 36.212 122.748 17.542 Net book value At 31 December 2023 786 429 At 31 December 2022 795.482 5.967 36,199 Equlpmen genor41 Flxture$ & ffttlngs Motor hld Total Cost orvaluatlon At lJanuary2023 Addltions Drsp05als At 31 December 2023 106.286 24.705 95.098 1,229,577 106,872 24.705 95.098 1,230,163 Depredatlon Atljanuary 2023 Charge for the year Disposals At 31 December 2023 102,312 2.298 22,973 549 95,098 386,223 13.509 104.610 23,522 95.098 399,732 Net book value At 31 December 2023 2,262 1.183 830,431 At 31 Dember 2022 Included in cost or revaluat5on of land and bulldings is freehold land of £370.00012022- £370.0001 whlth15 not depreciated. 17
low Mlli IMdoor Education Centre CIO 12 Tanglble Hxed Assets Cost or valuation at31 December 20231$ represented by. Freehold property Inwrtrrtrnents Improvlments Valuatlon In 2Q20 446267 376,374 822,641 128.160 8.160 52,687 52.687 Equlpmentr Flthrns& T¢)tsl ¥ehldes Valuatlon In 2020 Cost 446.267 783,310 1,229.577 106.286 106,286 24.705 24.705 95,098 95.098 land and buildings had not been rewalued would been Induded at the followi historical 2023 376,374 376374 Aggregate depreclation 140.248 135.321 Value of land In freehold land & buildings 370.000 370.]0 Freehold property transferred to the ao was rw41ued to an amount of £820.IXIO detemiined for insurance purposes to the land re8iStry in February 2020. The valuation was detern)Ined on an open market basis following advice from a local estate a8enL Within fixtures and flthngsthere a restricted expdire costirg £2.911 wlth a net bookwJlue of £331. Slo¢ks 2022 Stocks 2,117 4.635 14 DAbtor5: *mouTrts lalllng due withln Qne 2022 Trade debtors Other debtsrs Prepayments 3.740 2.200 2,500 587 5.287 L397 5.137
L¢y* Mlll Outdoor Eduutl•)n Centre CIO Notssto the Hnandal Statemlr th¢ Year Endgd 311)gwnber X123 15 Credltors: •ffl(Wfbts fallln8 due wlthln one 2023 Bank loans and overdrafts Trade creditors Employers Nl and other tsxe5 Othercred5tors Acuuals and deferred Income Acttued expense5 {see nrte 171 10,063 5.194 1.473 9.867 835 1.200 3.750 22.144 14,964 5,821 31,543 16 Credltors: amountsfalllngafter rnore than Bank loans Other loans {see Jwte 171 {5ee note 171 21.071 225.000 246.071 25.785 165.000 190,785 17 loans An analysts ofthe maturlty of loans Is belo¥r. Amounts fallln8 due wthin one year on demand: Bank loar 10.063 9,867 Amounts fallln8 due between two and five years". Bank loans Other loans 21,071 75.IX 96,071 25,785 15,000 40,785 2023 Amounts falling due in more than five years: Repayable otherwlse than by in5talmerrts: Other loans repayable after five yea 150.(M
Low Mlll Outdoor Educatlon Centre CIO Note5to the Rfiantial Statements for the Year Ended YI De¢embew 2023 18 Leaslng agreements Mlnlmum l&ise payments under n¢)n-cancellable operatln8 leases fall due as follows.. X12J 2022 Within one year Between one and five years 562 562 1,403 1,965 1.403 19 Secured debts The following secured debts are included wlthin credltors: 2022 Bank loans Other loans 31.135 150,000 181.135 35,652 165,000 200,652 Bank loans conslst of a'bounce back loan. 8uaranteed by HM Bovemment as part of its response to the Covld 19 pandemlG Other loans include £150.000 Secured by a charge over land and bulldlngs owned bythe ao and carry interest at a rate of 3% per annum. 20
Notes tothe Flnandal Statsrnents forthe Year Ended YI Detember 202Y 20 M¢>vom8n¢ In Fun¢ts At l.L23 Net mo4wnent Trathrs in fvnd5 between funds At 3L12.23 General fvnd 619A35 61935 535,427 535.427 Restrl¢ted fvnds Building refurblshments Mlnlbus Replacement FurKJ Bursary Fund 39.618 14.ni 10377 64.716 -£276 38,342 14,721 10.377 63,440 -L276 TOTAL FUNDS 684551 598,867 Net mt)vement in funds. included in the above are as follows: kncoming resources Movement In funds expended Unrestrlcted funds Ger*ral furKt 165.112 -249520 Restrftted Thd$ 8ulldlng refurb15hments -1276 -L276 165.112 .250.796 -85.684 Comparatlves for movement In fvnds At 1.1.22 At31.12.22 In fvnds between funds Unrestrlcted funds General fitnd Friends of Low Mll 596 -596 619.835 596 6.499 61935 Restrfded funds Buildlng refurblshments MÉnibus Replacement Fund Bursary Fund -1345 39,618 14,721 10.377 64.716 14.ni 10.377 66.061 TOTAL FUNDS 752.395 47.844 684.551 21
Low Mlll ld¢jOr Edu¢atl¢)n Centre 00 Notss to the Flnanclal Ststements for the Year Ended 31 December 2023 20 Movement In Funds (Cont) Comparatlve net movement In fvnds. Included In the above are as follows: Incomln8 resources Resources expended Movement In funds Unrestrfrted funds General fund 95,699 -162,198 46,499 R•strlded funds 8ulldln8 refurblshments -1345 -1,345 95,699 -163,543 7,844 A current year 12 months and prSor year 12 months comblned posltlon Is as foll¢)ws: At 1.1.22 Net movement Transfers In funds between funds At 31.12.23 UnreStrIrt funds General fvnd Frlends of Low Mlll 685,738 596 686,334 .150,907 596 -596 535,427 -150,907 535.427 Restrlrted funds Bulldlng refurblshments Mlnlbus Replacement Fund Bursary Fund 40,963 14,721 10.377 66,061 -2,621 38,342 14,721 10,377 63,440 -2.621 TOTAL FUNDS 752,395 -153.528 598,867 A current year 12 months and prlor year 12 months comblned nèt mevèment In funds, Included In the above are as follt)WS: Incomln8 resources Resources expended Movement In fvnds Unrestrlct•d fund5 GenÈral fund 260,811 41L718 -150.907 Restrlrted funds ulldln8 refurblshments -2,621 -1621 260,811 414.339 -153.528
Low Mlll Outdoor Education Centre ao Notss to the Flnan¢lal Statsments for the Year Ended 31 December 2023 20 Movement In Funds (¢ortl 111 Prior to the transfer of funds to the CIO donations were received towards buildlng refurblshment of £66,284. These works are continuously bein8 undertaken. lil) Prior to the transfer of funds to the CIO donatlorfj were e1ved towards a new minibus ot £14,721. This IS to be carried fop•Rrd for a futu purchase. liiil The Bursary Fund represents donations received to fund plaos at the centre for those who would otherwise be unable to benefft from the Nt,5 $Our$. Where fixed assets had been purchased from restricted funds but the use of the asset once purchased. is for the general purpose of the charity, a transfer has been made from restritted to nStriCted fund5. 21 Employee Benefft Obllwlo The charity operates a defined contritjution pension scheme on behalf of certain employees. Contrlbutlons paid to the scheme during the year were £1,247. 12022 £1,615) and outstanding amounts at 31 December 2023 were £464. (2022: £561. All were unrestrlcted funds. 22 Relatsd party di5dosures One of the trustees, Mr A C Hutthinson. advanced funds on loan account to Low Mill. At 31 Dernber 2022 thls amounted to £15,000 and during the year further funds were advanced of £60,IW. Thls loan Is unsecured and repayment is by in5talfflents dependent on net income generated within the untrICted funds. 23 Post balance sheet events and going c4xKern The financial results in 2024 reflect an increase In resldential fees and self caterlng fees. Grant appllcations have been submitted to support the ongolng costs and the outcome of these a pending. The TTUStees believe there will be suffklent SOurCeS to repay the loan from A Rayner after 3 years. 23
low Mill Outdoor Education Centre ao Detalled statement of Ilnancial actlvltltt forthe year ended 31 December 2023 2022 Totsl nds Total i)onatlons and legacles Donation5 20.996 20.996 34.983 Investment income Deposit account interest 135 135 78 Residential fees Tuck shop income Day actlvlties 141.976 2.005 141.976 2.005 54,148 723 143.981 143,981 55,171 Other Income Sundry Income Govemment grants Glft ald tsx refunded 300 2,667 2,500 5,467 Totsl income 165,112 165,112 95,699 Expendlture on.. Charltable actlvltles Wages Employers Nl Penslons Finance leasing charges Centre running costs Fo¢)d Tuck shop expenses Insurance Computer and Office expenses Travelling expenses Staff training expenses Rent and Rates Equipment replacement & repair Vehicle expenses Subscriptions & sundrles Marketing costs Freelance staffing Depreciation of tsngible fDted assets Loss on sale of tsngible fixed assets 49.488 1.295 1,498 634 23,544 390 1,615 4,059 1,736 124 219 1,167 219 1.167 39.986 14.211 39.986 14,211 5,204 5,204 370 5,581 2,862 12.381 678 1.725 66.098 12.233 370 5.581 2.862 12.381 678 1.725 66.098 13.509 4.311 2,188 4,522 2.359 2,308 30,567 13.336 693 144,779 1.276 232.693 1.276 233,969 24
Low Mlll Outdoor Educath?n Centre CIO Detalled ststement of flnan¢lal artltIeS for the year ended 31 December 2023 {cont) unrestricted funds Restrlcted nds 2023 Totsl 2022 Total Support costs Governance Costs Wage5 Employers Nl Pensions Postsge & statlonery Independent examiner's fees Payroll & bookkeeping services Legal fees Bank char8es Bank loan Interest Other interest 3,287 334 81 49 1.648 6,000 3,287 334 81 49 1.648 6.0 3,565 270 117 193 4.278 4.752 76 852 4,500 16,827 76 852 67 1,022 4.500 18.764 16.827 Totsl expenditure 249.520 1.276 250.796 163,543 Net expenditu11cOffle -84.408 -1,276 -67,844 Net movement in funds .84,408 -1.276 -67.844 These pages do not form part of the statutory financlal ststements. 25