Company Reglstratlon Number. CE018642 (England and Wales) Charlty RegSstratlon Number: 1185055 Low Mlll Outdoor Educatlon Centre CIO Annual Report and Flnanclal Ststements For the year ended 31 December 2024
Low Mlll Outdoor Educatlon Centre ao Contents Reference and AdminlstTatlve Detsils Structure, Governan and Management 2to3 Truste Report 4t06 Statement of Trustee< Responslbilltles Independent Examlnerfs Report Statement of Financial AttNit*s Balan Sheet io Notes to the Financial Ststements Ilto23 Detslled Statement of Flnandal ActivFtles 24to25
Low Mlll Outdoor Educatlon Centre CIO Reference and Admlnlstratlve Detalls A S Clvll A Gurden C A Hutchlnson D G Llddell ststlon Road Askrl88 LEYBURN North Yorkshlre DL8 3HZ The tharlty Is Incorpornted In En8land Comp•ny Rry N CE018642 (En8l•nd JTrd Wjtesl Ch•rlty Rry No. I5055 Ind•p•nd•nt Ex•mln•r Dawn aafkson Clarksons Accountsnts Thornborou8h Hall Moor Road Leyburn North Yorkshl DL8 SAB Bankws HSBC Bank PLC 189 Hlgh Street Northallerton North Yorkshlre DL7 8LQ
Low Mlll Outdoor Educatlon Centre CIO Structure, Governance and Management 6ovemlng document The Charitsble Trust was established by a Deed of Trust dated 18 September 1975. The trustees recommended changing to a Charitsble Incorporated oanIsatiOn at the EGM in July 2019 to help maintain good governance and secure Low Mlll's operatlon Into the future. The CIO was granted by the Charlty Commisslon on 27 August 2019 and operates in accordance with the constitution dated l Au8USt 2019 which may be amended from time to tirne. The members of the CIO shall be Its charity trustees who shall manage the affalrs of the CIO and may for that purpose exercise all the powers of the CIO. Meetings of the trustees should be held at least every 3 months. R•¢ruftment and appolntment of new trustees The constitutlon requires a minimum of three trustees and the Commlttee of Trustees Is to comprlse no rnore than nine members made up as: Not less than three nor more than seven appolnted trustees lill Not More than two nomlnated trustees. Appolnted Trustees lal Apart from the first charity trustees, every appolnted trustse must be appolnted for a temi of the years by a resolution passed at a properly convened meetlng of the charfty trustees. Ibl In selectin8 indivlduals for appolntment as appolnted charlty trustees, the charlty trustees must have regard to the skllls. knowledge and experience needed for the effective administration of the CIO. Nomlnated trustees lal Askrlgg & Low Abbotslde Parlsh Councll and St Oswald's Church, Askr188 lappolntinB bodies) may each appolnt one charity trustee for a terni of two year5. {b) Any appolntment must be rnade at a meetinB held accordin8 to ordlnary Pract1 of the appointln8 body. The appointment will be effective from the later date of the vacancy and the date on whkh the charlty trustees or their secretary are infomied of the appointment. The person appolnted need not be a member of the appolntin8 body but must be resident in the Partsh of Askrfgg and Low Abbotslde. If the appolnting bodyfailsto make an appolntment, the posltlon shall remaln open untll thevacancy Is fllled. A trustee appointed by the appoIntS4 body has the same dirty as the other tharlty trustees to act In the way he or she decides in good faith would be most Ilkety to further the purposes of the CIO. {c) {d} (e) ifj The tharity trustees may create assoclate or other classes of non-votlng membership. and may determlne the rights and obligations of any such members {includlng payment of membership fees), and the tonditions for admission to, and temilnatlon of membershlp of any such class of members. In 2024 the were two appointed trustees and two nomlnated trustees. The recruitment of tnjstees wlll contlnue In 2025 to support the growth and chan81Trg needs of Low Mlll.
Organlsatlonal structure Dayto day responsibllltyforthe running of the cent was delegated to the Head of Centre until the summer of 2022 after whlch tlme It was undertaken by trustees on a voluntsry bas1& Slnce February 2023, the trustees delegated respOnbIlIty for day to day running of the Centre to the new Centre Mana8er. The Mana8ement Committee rneet at least quarterly and are ultlmately re5ponslble for the charlty's actlvltles and settln8 remuneratlon of key management personnel. Indu¢tlon and tralnlngof now trustees All the Low Mlll Management Cornmlttee and Trustees are known to the Centre ènd are famlllar wlth the work of the charfty prlor to their formal appolntment. They are 8iven the opportunity to vlsttthe Centre and see its work and become familiar vAth the stsff and their roles. Before oron thelrappointment new trustees will be Blven a copy of the current version of the constttutlon; and a copy of the CIO'S latestTrnstees' Annual report and statement of accounts They are also made aware of any changes and future plans and developments.
Low Mlll Outdoor Educatlon Centre CIO Report of the Trustees for the Year ended 31 December 2024 The trustees present thelr report and financlal statements a5 a Charitsble Incorporated Organisatlon ICIO) for the year ended 31 December 2024. The trustees have adopted the provisions of Accountlng and Reporting by Charitie& Statement of Recommended Practlce applicable to charIt$ preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffettive l January 20191. 08JEcfivES AND AcnvmES The orlglnal Low Mill charlty was opened In 1976 to run courses for groups of young people of all ages and ablllties. The alm of the trust was to 'help and educate young people through the provision of outdoor education to develop their physical, mental and spiritual capaclties that they may grow to full maturity as Individuals and members of 50clety and that their condttEons of life may be Improved" The objectSves of the CIO a consistent with those of the 0ri8inal Low Mlll and are: 'Yhe alm of the trust is to advance the educatlon of children and young people through.. Malntalnin8 and managin8 an outdoor education cent, facilities and eqvlpment. The provision of aco55ible and afftirdable adventurous outdoor education and recreational actlvltles to support and develop chlklren and younB people's physlcal, mentsl and social capabilitles. such other charitable means as the trustees may think approprlate." Publlc Benefft The Trustees have complied wlth the duty under section 4 of the CharRles Act 2006 to have due regard to publlc benefit guidance published by the Charities Commlsslon In decidin8 what actlvities the Centre should undertake and belleve this is achieved by providlng outdoor adventure activitie5 to groups from around the country. These 8roups can be able bodled or speclal needs and range from primary schools throu8h tertlary level educatton and youth groups. It Is the trustee< intention to revive Low Mlll's hlstorfc close worklng relatlonsh&p with local primary and secondary se1015. to offer every local pupll the opportunity to visit Low ACHIEVEMENT AND PERFORMANCE Low Mlll reopened In March 2023 to resldential groups after three years of effective dosure due to the pandemic. The financial year ended 31 December 2024 is the second full year of operating after the perlod of closure. It has been a successfvl transltlonal year, bulldlng on the solid ftjundation of the new opernting model Introduced in 2023. Every residential scl)ool, charty and youth 8roup expt one that vislted In 2023 had rebooked for 2024 (or 2025}. stronBly Indicatin8 satlsfactlon and confidence in Low Mlll'soffer and provtsion. It Is also notable that 2024 has seen a rise in new bookings from schools and colleges based on recommendatlons from 2023 customers. Totsl sidential occupancy increased from 55 nights in 2023 to 89 in 2024, an Increase of 62%. The financial results In 2024 reflert lower re5identlal fees turnover than before the pandemlc but are an encouraging perfomiance from restarti after a the-year break. Residential fees turnover in the year ended 31 December 2024 was £227,279, cOMpad to £141,976 in the pre¥ious year. an increase of 60%. The trustees confldentty expect turnoverto contlnue to rise and profitab•lity to Improve in 2025 and beyond as Low Mill rebullds Its business.
Low Mill's 2024 land 2025) SelfterIn8 and catered artlvities have continued to make a valuable contribution to income generatlon Itovmrds the CIO'S charltable objectives) and opened up the bulldln8 for exclusive use to walkin& cyclln8, cavin& runnlng and open water swimming clubs throu8hout perlods of the year when residentlal activlty bookln8s have been fewer, such as durlng the School holidays and wlnter months. In January 2024, Low Mlll welcomed Chlnese studentsas part of a UNESCO and UNICEF sponsored resldentlal vlslt and provlded on-slte artlvltles and team bulJdln8 events wlth vlsltlng puplls from Wensleydale School In Leyburn. Throughout 2024, Low Mlll has provlded nature walks to Introduce vlsStSng youn8 people to Ilffrlon8 learnln& Interest and attachment to the outdoor envlronment. RNANaAL REVIEW Low Mlll funds Its artlvltles by char8ln8 the 8roups who vlslt the Centre. The level of charye Is set to cover the dlrect costs Incurred wlth each vlslt, to make a contrlbutlon to the general runnlng cost and pmvlde small surplus to provlde for the necessary renewal and expanslon of the facllltles provlded. Donattons a also sought whenever posslble to contrlbute to these costs and general fundralsln8 actlvltles are also undertaken. MaJor expendlture for new facllltles has In the past been provlded from specffic targeted fundralsln& Includlng the appllcatlon for grants from other charltsble bodles. Reserv•s pollcy The nature of the charltable •ctlvltles Is such that they are mostly funded from extemal sources at the polnt of dellvery. Low Mlll'5 actlvltle5 are seasonal, wlth less Income earned over the wlnter months. The actlvltles also requlre contlnued Investment In the facllltles provlded. The pandemlc has shown the need to malntsln sufflcSent reserves to allow for the temporary closure of the Centre. The trustees, pollcy Is therefore to reserve deposlts untll the tlme of deltvery and alm to bulld free reserves at a mlnlmum level commensurate wlth belng able to meet ongoln8 Costs In perlods of low attlvlty 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 unrestrlcted funds. FUTURE PLANS Losses durln8 the pandemlc resulted In Low Mlll borrowlng fvnds from the 8overnment and prlvatety, the latter loan secured a8alnst the Centre's property assets. The trustees alm to repay these debts over the duratlon of the loan tern)s. Prlorlty wlll also be glven to fvndraSslng for the bursary fund, contlnulng the development and refurblshment of the bulldln8 and an appeal to replace one of the mlnlbuses. Donatlons and appllcatlons for grants from other charltable bodles w511 be sought whenever posslble to contrfbute to the bursary fund and the costs of Improving Low Mlll. General fund-ralsSn8 actfvlt5e5 wlll also be undertaken. Major expendlture for new facllltles has In the past been provlded frorn spedfic tsrgeted fund ralslnB. Not havln8 to fvnd these projects throu8h revenue from course fees helps to keep the course fees down and enables Low Mlll to offer autdoor educatlon to cllents that help us meet our charltable objectlves. Low MS11 has successfully ralsed grant fundln8 and donatlons to repurpose a room at the Centre Into a modern 'nature room, wlth Interactfve IPad klosk ststions and leaming materlals. All young people WI visit Low MS11 galn an opportunlty to learn about the envlronment. The nature room wlll enable Low Mill to broaden. dlverslfyand modemlse ltsecolo8lcal outdoor educatlonal offer5n& and provlde a bespoke growlng 5Ulte of accesslble dlgltal learnln8 In areas suth as nature and wSldllfe, farmSn& blodfverslty and rlver pollution. The materlats In the nature room wlll relnforce learning gained durln8 natu walks and the adventurous outdoor actlvlty already offered at the Centre.
It remains an aspiration of the chartty to ralse funds to be able to offer bursarfes In order to enable those m05t In need to beneflt from the educatlonal outdoor eXperIen Low Mlll Outdoor Educatlon Cent provldes. There Is potentlal for growth In accepting residentlal booklngs at weekends throughout the year and on weekdays In the November to March perlod. The cent Manager and trustees a developlng strategles to increase booklngs at these tlmes, partlcularly In relatlon to the Increaslng demand for school and communlty provlston for outdoor leaming and development. EVENTS SINCE THE END OF THE YEAR Tradln8 to date durtng 2025 has Improved on the year ended 31 December 2024. Nl8hts booked for residentlal stays are projected to Increase by 10%- 20% as Low Mlll contlnues to rebuSld Its busSness to pre pandemlc levels. The outlook for 2025 dernonstrates conilnued year on year growth slnce revopenlng In 2023. 2025 has seen a steady Increase In bookln8s from vlsltlng mllltsry and unlformed publlc servlce colle8e courses, havlng 8alned a reputatlon for provldlng formatlve and summatlve assessment 0pFrtUnltles and supportlng course currlculum aa$ such as emersenry plannln8 and navl8atlon. Followlng a successful 8rant bld, Low Mlll completed a project to convert an offlce spate Into a downstalrs bedroom wlth ensuite, raisln8 Low Mlll'5 resldentlal capaclty from forty to foity-two.
Low Mlll Outdoor Eduth Centre CIO The trustees (vAK• are alx) the dlrectots of Low Mlll Outdoor Educatlon Centre CN) for the purposes of company lawl •re respDnslble for preparfn8 the trustee¢ report and the flnandal statements In aCcoante 4th the Uftlted Kln8dom Accoundfi8 Stsrthrds (Unlted KlnBd¢n Genernlty Accepted AccountlnB Prnctlcel and appllcable law and reylallon& Compwy Iw requlres the tiustees to prepre finandal statements for each fmndal wyr. Under compfjny law the trustees must not apprtye the ftnandal statements unless they are sallsfied that they al¥e a Iwue and ealr ¥l¢w of the state of affalrs of th• charttable (ompay and of Its Inctyrfrq re%wrces ind applkatlon of reurCe4 Includln8 Its Income and eXp•ndftu for thjt pwlod. In prIyrf the flnMcl•l #•t¢m•n the trusteu Ire r•qulrad to: Sellct suftable 4c¢ountln8 pokles •nd lpplythem eonthnty. ObJer¥• the m•thods ond prfndples In th• Chrftl81 SORP; Make judgements and estlmates thrt•rn re•TrIble and prudenL' Stats whether apptlcable UK Accountlng Stsndards h•ve b¢en follod, wbJ•ct to •ny mat•thl depjrtuves dlsdosed and expl•ln•d In the flmndol slatsmenty" and Pr•p•Te th• tln•ncthl st•tem•nts on the 1n9 concèm unless It kn lrnpprnpthts to preium thatthe drflable company wni contlmw In bu51n• The tnutewarn V•sponbl0rklQPlNtteaCCounth1 rnoxdsth•tarnAffthnttoshty4nd •¥plilh the ¢harftabl• compjrfs trn¢tIOnS and 'dlsdos• wlth reasonable •ccurncy •t ary thne th• lInth1 posftlon of the¢h•rltsbh ¢omp•ny4nd en•bletheffl to ¢nwr• th•tthefln•nd•l statementsmptyWlth th• COMnIeS kt 21106. They are also r•win4ble for safe8uardln8 the asmts of th• thorltsble company and h•nc• fort41ry reasombkn rt•ps forthe pr¢¥enkn and d•tecth)n of fraud •nd oth•r lff•4ul•rltl•& opro¥•d ty th• tnMt•es rfth• th•rftyon 14 Octob•f 2025 and Wed on Its tseh•ll*. A avll Trust•e
Low Mlll Outdoor Educatlon Centre CIO Independent Examinerfs Report to the trustees of Low Mlll Outdoor Educatlon Centre CIO I report to the charlty trustees on my examlnatlon of the accounts of the charlty for the year ended 31 December 2024 whkh are set out on pages 9- 25. R•$pecdve responslbllltles of tNrtees and examlner As the charivs trustees of Low Mill Outdoor Educatlon Centre CIO land also Its dlrertors for the purposes of company lawl you are re5ponslble for the preparatlon of the accounts In accordance wlth the requirements of the Companles Act 20061'the 2006 Actr). Havlng satlsfied myself that the accounts of Low Mlll Outdoor Educatlon Centre CIO are rt requlred to be audlted under Part 16 of the 2LK)6 Act and are ellglble for Independent examlnatlon, I report In respect of my examlnatk)n of your charws accounts as carrled out under sectlon 145 of the Charltles Act 20111.the 2011 ACVI. In caryln8 Out my examlnatlon I have followed the 01ctIOnS 8tven by the CharSty Commlsslon under sectlon 145151{b) of the 2011 Act. Indendent ¢Mmlnerfs statement I have completed my examlnation. I conflrm that no matters have come to my attentton In connectlon wlth the examlnatlon 8fvln8 me cause to belleve: Accountln8 records were not kept In respect of Low Mlll Outdoor Educatlon Centre ao as requlred by sertlon 386 of the 2006 Act; or The accounts do not accord wlth those records; or The accounts do not comply wlth the accountln8 requlrements of sectlon 396 of the 2006 Act other than any requlrement that the accounts 8lve a 'true and falr vlev/ whlch Is not a matter consldered as part of an Independent examlnatlon; or The accounts have not been prepared In accordan wlth the methods and prlnclplesof the Statement of Recommended Practlce for accountlng and reportln8 by charttles lappllcable to charltles preparlng thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 10211. I have no concerns and have come across no other matters In connertlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understandlng of the accounts to be reached. Date: ... Dawn Clarkson Thornborough Hall Leyburn North Yorkshlre DL8 SAB
Low Mlll Outdoor Educat•on Centre ao Statement of Flnanclal Activitles for the Year Ended 31 Dtcember 2024 {Includln8 Income and Expendltyre Account and Ststement of Totsl Recognised Galrts and Losses) Unrestrlctad Restrlcted funds Total 2024 Totsl Income and Endowmerrts from: Donations, Grants and Legacles Charltable A¢tl¥ltles Outdoor education provision 30,997 30,997 20,996 230,629 230,629 143,981 Other Income Investment Income 5,000 5.000 135 165,112 266.634 266,634 Expendlture on: Charitsble Activitles Outdoor education provision Governance costs Total Expefiditure 268,315 17,833 286,148 1,240 269,554 17,833 287,387 233,969 16,827 250,796 1,240 Net movement In funds -19,514 -1.240 -20.754 -85,684 Re¢(MlI1atknn of fvnds Total funds brought forward 535,427 63.440 598.867 684,551 Totsl fund5 carried forward 20 515.913 62.200 578,113 598,867 The notes form part of these finèndal statements
LAI Mlll Ixrtdoor Eduth C•ntreao
Funds
Funds
Totsl Funth Totsl Funds
Taryibk assets
n5231 34237
819J68 83WI
Stocks
Debtors
C•sh •t bank •NI In h•nd
4,230
7.n8
570 27.963
12.528 27.963
-2L208
1117
5,137
29397
36.651
-a145
7,728
28.533
40h91
Crkni Amoulitsfllll duo vAthln
YAthln y•Ar
Nat curr•rt4M4ts
680 27,963
19283 14507
Total AM•ts IwGuff•n¢ IlabHItI••
776W2 6Z,200 83¢752 844,938
Crndlt4n: Afflo¥ntsfalllwdwF
-260.639
-260,639 -2461
515 913 62 21KI
Furdl• rfth•
Low Mlll Outdoor Educatlon Centre CIO Notes to the Flnanclal Statements forthe Year Ended 31 December 2024 I Charlty status The charlty is Ilmited by guarantee, Incorporated in En8land, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceedlng £NIL towards the assets of the charlty In the event of liquidation. The address of the reglstered office Is: ststlon Road Askrlgg LEYBURN North Yorkshlre DL8 3HZ These flnanclal ststements were authorlsed for Issue by the trustees on 14 October 2025. 2 Accountln8 pollcles Summary of sl8nlfl¢•nt accountlng pollcl•s and key accountlni estlmates The prlnclpal accountlng pollcles applled In the preparatlon of these flnanclal statements are set out below. These pollcles have been conslstently applled to all the year5 presented, unless otherwlse stated. Statement of compllanc• The flnanclal statements of the charltable Incorpornted organlsatlon, whlth Is a publlc benefit entlty under FR5102, have been prepared In accordance wlth the Charltles SORP (FRS1021 'Accountln8 and Reportln8 by Charltles: Statement of Recommended Practke appllcable to charltles preparSn8 thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS1021 leffectlve l January 20191" Flnanclal Reportlng Standard 102 'Yhe Flnanclal Reportlng standard appllcable In the UK and Republlc of Ireland". They also cornply wlth the Companles Act 2006 and Charltles Act 2011. Basls of preparatlon Low Mlll Outdoor Educatlon Centre CIO meets the deflnltlon of a publ1¢ benefft entlty under FRSIO2. The flnanclal statement5 have been prepared under the hlstorl¢al cost conventlon, as modlfled by the revaluatlon of certaln assets. Fln•n¢lal reportln8 Standard 102. redu¢ed dlxlosure exemptlons The charltable Incorporated organlsatlon ICIOI has tsken advantage of the followlng dlsclosure exemptlons In pparIng these flnanclal statements. as pern)itted by FRS 102 'The Flnanctal Reportlng Stsndard appllcable in the Uk and Republlc of Ireland.: -the requlrements of Sethon 7 Statement of Cash Flows; -the requlrement of paragraph 3.17ldl- -the requIrnent of paragraph 33.7. li
Low Mlll Outdoor Educatlon Centre ao Note5 to the Flnanclal Statements for the Year Ended 31 December 2024 2 A¢countlw pollcles (Cont) Income All income Is reco8nlsed In the Statement of Flnanclal AttlvEt5es once the charlty has entltlement to the funds, It Is probable that the Income wlll be CeIved and the amount can be measured rellably. Income from resldentlal and day actlvltles Is recognlsed when courses commence. Amounts receFved In advance of commencement of actlvltles are Included wlthln accruals and deferred Income. Donatlons Includln8 those on restrlcted funds are taken to Income on reIPt. Any donatlons recefved on bursary fund are transferred to general fund when courses take place. Expendlturn Llabllltles are retO8nlsed as expendlture as soon as there Is a legal or construrtlve obllg4tlon commbttlng the charlty to that expendlture, It Is probabFe that a transfer of economlc beneflts wlll be requlred Sn settlement and the amount of the obllgatlon can be measured rellably. Expendlture Is accounted for on an accruals basls and has been classlfled under headlngs that aggregate all costs related to the cate80ry. Where costs cannot be dlrertly attrlbuted to partlcular headlngs they have been allocated to aclvltles on basls conslstent wlth the use of resources. Charltsble artlvltles Charltable expendlture comprlses those costs Incurred by the charlty In the dellvery of fts actfvltles and servlces for Its beneflclarles. Govem•nce ¢osts These Include the costs attrSbutable to the charlty's compllance wlth constltutlonal and ststutory requlrements, Includlng the Independent Exarnlner's fees, strate8lc mana8ement and trustees, meetln85 and relmbursed expenses. Alloc•tlon and apportlonment of costs All costs a allocated between the expendlture categorles of the SOFA on a basls deslgned to reflect the use of the resource. Taxatlon The chaflty Is consldered to pass the tests set out In Paragraph I Schedule 6 of the Flnance Act 2010 and therefore It meets the deflnltlon of a charltable company for UK corporatlon tax purposes. Accordlngty, the charlty Is potentlally exempt from taxatlon In respect of Income or capltal 8alns receEved wlthln cate8orle5 covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Settlon 256 of the Taxatlon of Chargeable Galns Art 1992, to the extent that such Income or gains are applled excluslvely to charltable purposes. Value Added Tax Is not recoverable by the charfty, and as such Is Included In the relevant costs In the Ststement of Flnanclal Actlvities.
Low Mlll Outdoor Educatlon Centre CIO Notes to the Ananclal Statsments forthe Year Ended 31 (lecember 2024 2 Acwuntlng poll¢les {Cont) Tanglble Flxed Assets Depreclatlon and Amortlsallon Depreclatlon Is provided at the following annual rates In order to wrlte off each asset over Its estlmated useful life or, rf held under a finace lease, over the lease temi, whkhever Is the shorter. Freehold property Property improvements-general Property Improvements-restricted Equlpment- general Fixtu$ and fittin8S Motor vehicles - 2%on cost -2% on cost - 2%on cost - IO% on cost IO% on cost - 2S% on c05t Property, plant and equlpment Is Inltlally ststed at cost, but freehold property was ststed at an open market value on transfer to the charltsble Incorporated organlsatlon, and Is revlewed annually. Land included in freehold property Is not deplated. Stock conslsts of consumable stores and is valued at the lower of cost and net realisable value. Fund accountlng unreStrted funds can be used In accordance wlth the tharftable objectives at the discretion of the trustees. Restrirted funds can only be used for partlcular restrfcted purposes wlthln the obJects of the charlty. Restrictions arise when speclfied by the donor or when funds are ralsed for particular restricted purposes. FlTrandal Instruments The charlty only has flnanclal assets and Ilablltle5 of a kind that qualify as basic financial instruments in accordance wtth section 11 of FRS 102. Basic financial Instruments a Initlally recognlsed at the transaction value and are subsequently measured at their settlement value. Hire pur¢hase and leaslng mmItMents Rentals payable under operating lease5 are charged to the statement of flnanclal artfvltles as they occur. Penslons wsts and other post retlremert obllgatlons The charlty operates a defined contribution pension scheme which Is a penslon plan under whlch fixed contributions are paid into a pension fund and the charlty has no legal or construrtEve obllgatlon to pay further contrlbutions even If the fund does not hold sufficlent assets to pay all employees the benefits relatlng to employee servlce In the current and prlor perlods. Contributions to defined contributlon plans are recognlsed In the Ststement of Flnanclal Artlvitles when they are due. If contribution payments exceed the contrlbutlon due for servlce, the excess Is recognlsed as a prepayment. 13
Governmertrdrts to: . no govemmwtgrantswere t•ed durirythe pr. Based on cash fh)ws?nd IxKlyts drbwn upto at kntthe end of 2025.thetnffjteesconslderthat Low Mlll wlll be able to meet its f353St1fall and thatarrydelktton Onllnarychartttsb acEfvltes Ir reasomably befllled by donattons or loanfin?e. Asa regJlttrtntsteesare confldentthattrao remaln a iolng concern fora perlod In extessof fromthe datsof apprw41 of these firwrKlal 51aten Totsl XI7 20,996 20.996 ).997 Totsl nds Residentlal fee5 Mtscellaneous SrKomè Tuck sk)p Income 227279 227.279 141.976 143,981 T¢Jtsl Sundry Intome G¢)vemmÈnt8rants GfftAld refunded Totsl 268315 17.833 L240 ,554 1733 233.969 16,827 GovernarKecosts 1prt costs (see 8) 287.387 14
Low Mlll Outdoor Educatton Centre CIO Notss tothe Hnandal Statements for the Year Ended 31 Dornber 2024 8 Anal1$ of zovernance and wpport costs Totsl fund5 fund$ 2023 Governance costs 17.833 17.833 16.827 Support costs, Included In the above. are asfollows: T¢)tsl 2024 Total 2023 funds Wages Employers Nl Penslons Postage & Staonery Independent examiner's fees Payroll & bookkeeplng seDAces Legal fees Bank charges Bank loan Interest Other interest 3,821 401 114 275 L372 6.600 3,821 401 114 275 1.372 6,600 3.287 334 81 49 78 665 4507 I73 78 665 4,507 17.833 76 852 4.500 16,827 9 Net Incom•l(exp•ndltyre) Net Incomellexpendlturel is stated after chargin&llcredltingl: Unrestrf¢ted Restrlrted fvnds fund5 Total Total Depredatlon- owned assets Other operatlng leases Deficlt on dlsposal of fixed assets 10.083 1,172 L240 IL323 1.172 823 10 Trustees, remuneratkn and ber There were no trustees, remuneratlon orother benefits for the year ended 31 December 2024 or In the year ended 31 December 2023. Tru5te•s' expenses No trustee expertses were relmbursed In the year ended 3IDeMber 2024 Two trustees were reimbursed for expenses Incurred totallln8 £105 In 2023. 15
Notes tothe FlnaKlal Ststemwts forthe Year Ended 31 Oe¢ember 2024 li Staff costs 2024 2023 Wages and salaries Employers Nl Other pensK)n costs 83.786 3,(M)6 1,940 88,732 66,293 554 1,248 68,094 The average rnonth number of employees durin8 the year was as follows: 2024 2023 Manager, Instrnctors and andllary staff No employees receNed emoluments In excess of 60,IXK). The centre rnade employeVs contrlbutions to personal pensk)n pollcies on behalf of two staff members. 16
Low Mlll Outdoor Edu¢aUon Centre CIO Notss to the Fln¥ncl•l 5tatrmonts for the Year Ended 31 De¢ernr 2024 12 TanOble Flxed Assets Pnyerty Improvements Improvements eneral .restrlctsd Freehold prop¢rty Cosl orv•lu•tlon At l January 2024 Addltlons Dlsposals At 31 Docember 2024 822,641 128,160 52,687 822,641 128,160 52,687 D•pr•t14tlon At l January 2024 Charye for the year Dlsposals At 31 December 2024 36,212 9.053 122,748 555 17,542 45,265 123,303 18,596 Net l)ook val At 31 December 2024 777 376 At 31 December 2023 786,429 5.412 35.145 Egulpm•ntr qen•ral Flxtur•s & ttln8S Motor hl¢l•s Tatsl Cost or ¥•lu•tlon At ljanuary 2024 Addltlon$ Dlsposals At 31 December 2024 106A7Z 24,705 95,098 1.230.163 360 107.232 24,705 95.098 1.230.523 Depreclatlon At lJanuary2024 Charge forthe yr Olsposals At 31 December 2024 104,610 219 23,522 442 95.098 399.732 11,323 104.829 23,964 95.098 41L055 Net boo* valu• At 31 December 2024 2,403 741 819,468 At 31 December 2023 830 431 Included In cort tt revaluatlon of land and btslldSn8s Is freehold land of £370,0001202a- £370,000) whlth Is not depredatsd. 17
low Mlll Outdoor Educatl(bn Centre CIO Notes tothe Nnandal Statementslorthe Year Ended 31 December 2024 12 Tanglble Flxed Assets (eontl Cost orvaluatlon at 31 December 2024 is represented bv: Property Property lrnprovements Improvemgnts -ganeral -restrlrt Frnehold property Valuatlon In 2020 Cost 446,267 376,374 822,641 128.160 128,160 52.687 52.687 Equlprnenb general Flxtures & fittinas Total vehldes Valuatlon In 2020 446.267 784.256 L230523 107,232 107.232 24.705 24.705 95,098 95.098 If land and bulldlngs had not been revalued they would have been Included at the followln8 hlstorlcal cost: 2024 376374 376,374 Aggregate depreclatlon 145.175 140,248 Value of land In freehold land & buildings 370,0(M) 370,(NY) Freehold propertytransferred to the CIO wa5 revalued to an amount of £820,(#]O detemilned for Insurance purposes to the land reglstry In February 2020. The valuation was detemilned on an open market basls followln8 athlce from a local estate agert Within fixtures and ffttlngs there Is a restricted e¥penditure costing £2.911 with a net book value of £146. 13 Stocks 2024 2023 Stocks 4,230 2.117 14 Ihbtors: amounts faSllnq due wlthln on• #r 2024 Trade debtor5 Other debtors Prepayments 5,880 672 1,176 7,728 3,740 1,397 5.137
Low Mlll Outdoor Educath>n Centre ao Notss tothe Fln•nclal Ststements for the Year Ended Yi DeCemr 2024 IS Credltors: arnounts falllD8 du• ¥Athln one year 2023 Bank loan5 and Iwerdrafts Trade credltors Employer5 Nl and othertaxes Other credltors Accruals and deferred Income (see nots 171 10.378 4,069 2,902 431 2.000 1,428 21.208 ,063 5.195 1,473 1,200 3,750 22,145 16 Credltors: amounts falllnq after morethan oneyear 2024 Bank loans Other loans Isee nots 171 15ee note 171 10.639 250,000 260.639 21.071 246.071 17 LnS An anaty51s of the nwturltyof In5 Is Wv•Tr below: 2024 Amounts falllrg due wlthln one year on demand: Bank loans 10,378 10.063 2024 Amounts fallire due between two and five years: Bank loan5 Other loans 10.639 100.000 110.639 21.071 75,Oly) 96,071 2024 2023 Amounts falllno due In more than five years: Repayable othenvise than by Instslments: Other loans repayable afterfive years 150,000 150,000
Low Mlll Outdoor Educatlon Centre ao Notes tothe Flnanclal Statements forthe Year End¢d 31 December2024 M5nlmum lease payments under non-cancellable operatln8 leases fall due a5 follows.. 2024 Wlthln one year Between one and flve y¢ars 562 1,403 19 Sgfured d•bts Thefollowlng secured debts are Included wSthln credltors. 2024 Bank loans Other loans 21,016 0.000 171,016 31.135 0,000 181,135 Bank loans conslst of a'bounce back loan" guaranteed by HM government as part of Its response to the Covld 19 pandemlc. Other loans include £150.000 secured by a charge over land and buildinBS owned bythe ao and carry Interest at a rate of 3% per annum.
Low Mlll Outd¢)or Educatlon C•ntr• CIO Notssto the Rnancl•l Ststements torthe Year Ehed 31 Decwnber2024 20 Moveme•)t In Fund5 At 1.1.24 Net movement Transfers In funds between funds At 31.12.24 Unrestrlrted funds General fund 535.427 535A27 -19.514 -19.514 515.913 515.913 Restrfthd funds Bulldln8 refurb15hments Mlnlbus Replacement Fund Bursary Fund 38J42 14.721 10,377 63.440 -1,240 37,102 14.721 10,377 61200 -1.240 TOTAL FUNDS 598.867 -20.754 578.113 Nrt movement In funds, Included In the above are as follows.. Incomln8 resources Re50urc•s expended Movement Irb fund$ Ufir•strl¢t¢d funds General fijnd 266,634 -286,148 -19,514 A•rtrkt•d fundi 8ulldlni refurblshm•nts -L240 266.634 -287.387 -20,754 Compar•Ubw for mov•m•nt In fvnds Atl.1.23 Net movement Transfers In fund5 between fund5 At 31.12.23 ilnv•rtrl¢t fund• General fund 619,835 619,835 535,427 535,427 Restrlct•d funds Bulldln8 refurblshments Minlbus Replacement Fund 8ursary Fund 39,618 14.721 10.377 64,716 -1276 38.342 14,721 10,377 63.440 -1,276 TOTAL FUNDS 684,551 -85,684 598.867 21
Low Mlll Outdoor Educatlon Centr¢ CIO Notes tothe Flnan¢lal Ststements forthe Year Ended 31 December 2024 20 Movement In Funds Icont) Comparatlve net movement In funds. Induded In the above are as follows: IncomlnB resources Resource5 expended Movement In funds Unrestrf¢ted fvnds General fund 165.112 -249.520 R•strfrt•d funds 8uildlng refurblshments -1.276 -1.276 165.112 -250.796 -85.684 A current year 12 months and prlor year 12 months comblned posltion Is as follows: At 1.1.23 Net movement Transfers In funds between funds At 31.12.24 Unrthrkt•d fvnds Genernl fund 619.835 619.835 -103,922 -103.922 515,913 515,913 Restrl¢ted funds Bulldlng refurb15hments Mlnlbus Replacement Fund Bursary Fund 39.618 14,721 10,377 64,716 -2,516 37,102 14,721 10.377 62,21X) -1516 TOTAL FUNDS 684,551 -106,438 578,113 A currentyear 12 months and prloryear 12 months comblned net movement In funds. Included In the above are as follows: Incomln8 resources Resources expended Movement In fund5 Unrnstrl¢led fvnds General fvnd 431,746 -535,668 -103,922 Rostrkted fuftds Bulldlng refurblshments -1516 -1516 431,746 -538,183 -106.438 22
Low Mlll Outdoor Educatlon Centre ao Notes to the Flnanclal Statements for the Year Ended 31 De¢ember 2024 20 Movement In Funds {¢ont) 11} Prlor to the transfer of funds to the CIO donations were received towards bulldlng refurblshment of £66,284. These works are contlnuou51y being undertaken. 111) Prlor to the transfer of fvnds to the CIO donatlons were recelved towards a new mlnibus of £14,721. Thls ts to be carrfed forward for a future purchase. liiil The Bursary Fund represents donatlons recelved to fund places at the ntre for those who would otherwlse be unable to benefit from the centre's resour5. whe fixed assets had been purchased from $trItted funds but the use of the asset, once purchased. is for the general purpose of the charity, a transfer has been made from restricted to unrestricted fund 21 Employee Benefft Obllgatlons The charlty operates a defined contribution penslon scheme on behalf of certaln employees. Contributlons paid to the scheme during the year were £1,939. {2023 £1,247) and outstandlng amounts at 31 December 2024 were £431. 12023: £4641. All were unrestrlcted funds. 22 Related PBrty dlsclosures One of the trustees, Mr C A Hutchinson. advanced funds on loan account to Low Mlll. At 31 December 2023 thi5 amounted to £75,000 and durin8 the year furtherfunds were advanced of £25,1)00. Thls loan Is unsecured and repayment is by instslments dependent on net income 8enerated within the unrestrkted funds. 23 Post balance sheet events and 80lry cern The financlal results in 2024 reflert an In¢aSe In resldentlal fees and self caterlng fee5. Grant applltations have been submitted to support the ongoing costs and the outcome of these are pendlng. The Trustees believe there will be sufficient resources to repay the loan from A Rayner wlthln 6 years. On 16 July 2025. Mr C A Hutchinson declared the the loan of £IOO.000 to be consldered as a glft wlth immediate effect. 23
Low Mlll Outdoor Edu¢atlon Centre ao l)etalled statement of flnandal a¢tfvltle$ for the year ended 31 December 2024 Unrestrlcted fvnds Restrfcted nds 2024 Totsl 2023 Total Inme and endowments from: Donatlon$ and legacles Donations 30,997 30,997 20,996 Investment Income Deposlt account Interest 135 Charitsble artlvltles Residential fees Tuck shop incorne Day actlvltles 227,279 3.350 227,279 3.350 141,976 2.(M)5 230.629 230.629 143.981 Other Income Sundry income Government grants Gift aid tsx fUnded 5.000 5.000 5,000 5.000 Totsl Income 266,634 266,634 165,112 Expendlture on: Charltable acdvltles Wages Employers Nl Penslons Finance leaslnE char8es Centre runnlng costs Food Tuck shop expenses Insurance Computer and Offlce expenses Travelling expenses stsff tralnlng expenses Rent and Rates Equlpment plaCernent & repalr Vehlcle expenses Subscrlptlons & sundrles Marketlng costs Freelance staffln8 Depreclatton of tsnglble fixed assets Loss on sale of tsnglble flxed assets 79,965 2,605 1,825 79,965 2,605 1,825 63,1)06 219 1,167 46.280 14,082 1,199 6,425 4,567 448 106 5,569 1,793 12.503 265 46,280 14,082 1,199 6,425 4,567 39,986 14,211 1,509 5.204 106 5,569 1,793 12,503 265 370 5.581 2,862 12,381 678 1,725 66,098 13,509 79.959 10,083 79,959 11,323 1,240 268,315 1,240 269,554 233,970 24
low Mlll Outdoor Educatlon Centre ao Dptalled statement of flnanclal actlvftles for the year ended 31 December 2024 (cont) Unrestrkted Restrlcted funds nds 2023 T¢Jtal Total Support u)sts Governance costs Wages Employers Nl Pensions Posta8e & statlonery Independent examlner's fees Payroll & bookkeeplng services Legal fees Bank thae$ Bank loan interest Other Inte$t 3,821 401 114 275 1.3n 3.821 401 114 275 1,372 6,600 3,287 334 81 49 1,648 6,01]0 78 665 4.507 17,833 78 665 4.507 17,833 76 852 4,500 16,827 Totsl expendlture 286.148 1.240 287,387 250,797 Net expendlturellncome -19,514 -1,240 -20,754 -85,685 Net movement In funds -19,514 -1,240 -20,754 -85,685 These pages do not form part of the Statutory flnancial statements. 25