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 $I￿Uld be hekl at least every 3 months.
The constitutlon requi￿5 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 terMIna￿fi 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 Cha￿Ing 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 a￿ssIble and afftjrdable adventurous outdoor education and recreatlonal
activities to support and develop chIld￿n 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
ex￿pt 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 ex￿lIerrt
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 ScPK￿ls 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. Ma￿rexpend1tu￿ 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
P￿paring these financial statements. the trustees are required to:
Select suitable accountln8 pollcles and apply them conslstently;
obSe￿e 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 con￿rn 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 compan￿5 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 reqU1￿MentS 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
In￿ffle 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
ExPendI￿re 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 p￿paratIOn 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
I￿land IFRS1021 (effective l January 20191" Financial Reporting Stsndard 102'The Financial Reporting
standard applicable in the UK and Republic of I￿land". 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 prepa￿d 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 rel￿￿b￿. 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
reqU1￿Ments. 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 FIna￿l￿ Slatsrnents for the Year Ended 31 Decem￿r 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 ImproVemen￿eneral
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 FIN￿kn1 Statem¢ntsfortheYearEnded31 Det•mber 2023
2 Accountl￿POlklèS (Contl
Govemmtnt grants
fjovernrnentgrants relate to:
- no 8overnment grdnts were re￿IVed 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 aCt￿ttes 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 0ftwe￿e mont￿fre4Th 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
mI￿lIaneOuS Income
T￿k 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 char8in811credlti￿l.
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 tr￿tee$. 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 0￿door Educatlon Centre CIO
Notes io the Hnanclal Statements forthe Yewr Ended 311)ecem￿r 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 De￿mber 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 exp￿di￿re 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 Statem￿l￿r 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
619￿35
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
619￿35
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 l￿d¢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 ￿n￿StriCted 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 De￿rnber 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 un￿trICted
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 art￿ltIeS 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 expenditu￿11￿cOffle
-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