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2024-07-31-accounts

Charity registration number 1186536

ALTITUDE MISSION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

ALTITUDE MISSION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr P J Missen
Mr H Monaghan
Ms K Tiernan
Rev J Abraham
Mr L West
Mrs L Murdoch
Mrs S MacFarlane
Ms E Beard (Appointed 4 December 2023)
Senior management Mr W Sussman
Mrs L Sussman
Charity number 1186536
Principal address Bay Cottage
Priory Road
Seaview
PO34 5BU
Independent examiner John Caladine FCCA CTA FCIE
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF

ALTITUDE MISSION

CONTENTS

Page
Trustees' report 1 - 8
Statement of trustees' responsibilities 9
Independent examiner's report 10
Statement of financial activities 11
Statement of financial position 12
Notes to the financial statements 13 - 21

ALTITUDE MISSION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 JULY 2024

The trustees present their annual report and financial statements for the year ended 31 July 2024.

The financial statements have been prepared to comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The objectives of Altitude Mission are for the benefit of the public. It exists for:

1 – The Advancement of Religion

To advance an understanding of the Christian faith through mission by means of offering care, compassion and relevant practical and spiritual help where possible or appropriate.

2 – Providing safety & negate antisocial behaviour

To promote the relief of all people at risk, but particularly people on the ski slopes or streets who are in physical danger by reason of inebriation, physical or mental stress, by the offering of guidance, support, protection and as appropriate, by referral to relevantly skilled specialist agencies.

These objects are being worked out in five main areas :

  1. Ski Angels – helping people on the slopes and at apres-ski bars, in danger, particularly due to inebriation.

  2. Refuge Beds – providing shelter for those in need or in danger.

  3. Open-House Welcome – welcoming people to our chalet for a meal, a chat, or just a space to be.

  4. Church Services – weekly church service in the mountain chapel.

  5. Empowering young Christians – growing our young Christian volunteers by living out their faith and seeing God’s love in action.

We have three key teams to fulfil these objectives.

  1. Altitude Leadership – they oversee the day to day running of the mission, and the pastoral care of the teams. 2. Altituders – young Christians who volunteer for the season and help with all aspects of the mission. They contribute towards the mission costs for the season and lodging at Chalet Altitude.

  2. Ski & Servers – volunteers who join the mission for short stays of a week or more. They pay for their food and lodging. They bring their gifts and talents to serve in the mission, along with support and encouragement for the other two teams.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

ALTITUDE MISSION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

Achievements and performance

Introduction

The winter season 23/24 was a brilliant success in multiple areas. Altitude Mission saw a step up from seeds being planted into growth and development of the mission. The season summed up in one word would be “Favour” as people gave generously, bars and organisations that we have been working with over the past couple of years gave even more approval and support, and many encountered Jesus for the first time. The season saw the largest fundraising ever recorded by Altitude Mission with over £40,000 being raised in just one week. Our outreach experienced a vast growth, more than was forecasted for, with over 200 seasonnaires coming to events held in the chalet on a regular basis. We saw an increase on previous seasons in the many nationalities that we welcomed into the chalet. We witnessed French coming to faith and saw many people’s perceptions of Christians changed through the works carried out by the mission. The season also benefited from a lot of work that went into preseason in policy writing, further planning and implementation of well thought out procedures. The season 23/24 has been incredibly pivotal for Altitude Mission. A real shift has occurred within both the community in Meribel and with the team itself.

Our key players at Altitude Mission that make our work possible, other than God are:

  1. The Altitude leaders (Core Team) – young adults who join us for a season or more, and lead and disciple our young team. This year we had eight leaders on board – the two founding directors, a general manager, a pastoral couple, worship leader, our cook, and a chalet operations lead.

  2. The Altituders and Alumni - Young 18-25 year olds who come out to spend a season with us, serving, operating as Ski Angels, helping run the church and the chalet. This year we had eight Altituders and one returning alumni who served for the whole season. Alumni are those Altituders from previous seasons. It’s really important to us that we keep in touch with our Alumni and continue to sow into their faith journey. The majority in turn keep coming back, and serve as Ski Angels.

  3. Ski & Servers – Visiting guests who stay at the chalet for a week or more, and get stuck into the mission. They may help on a Ski Angels shift, or serve burgers, or help with pot wash, or lead worship. We had eight or more Ski & Servers most weeks across the season, and they play a vital part of keeping the mission going.

  4. Our supporters – Altitude is so blessed to be upheld in prayer by so many. During the season we send out weekly prayer emails and hold weekly prayer calls on zoom with points of praise and prayer. It’s such an encouragement to us to know we are so covered in prayer. We are also honoured to have many financial supporters who give monthly, or by one-off donations. These gifts fund most of our outreach work – such as Beer & Burgers (each Beer & Burger event costs roughly £750-1000), Ski Angels, refuge beds, and also helps towards our core costs. Without our financial supporters, Altitude Mission would not exist.

The season saw a few new areas of development and other areas that were replicated to achieve the goals of the mission:

OPERATIONAL Core Team Development

The core team consisted of eight team members overseen by Will and Lara Sussman as founders and managed by Zac Missen as general manager. Sam and Chloe Milchem were the pastoral couple for the season, Anja Kinsberger chalet operations lead, Hannah Scollen worship leader and Izzy Greig our cook. Toby Missen oversaw alumni and recruitment streams and Harry Anderson was brand director - the latter two both based in the UK.

The summer of 2023 saw development and implementation of structure to the team and an introduction of the role of General Manager. The organisational structure established clear leadership roles and communication of responsibilities. Where in previous years these had been unclear, this season benefitted hugely by an understanding of the structure and having someone to make the final call on decisions.

ALTITUDE MISSION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

Each team member worked well together throughout the season to deliver the program and see a successful growth of Altitude’s impact in Meribel. This was helped by the core team meetings that were implemented in the build up to the season. The team met on a weekly basis from June through to the start of the season discussing the season, praying, planning events, writing procedures and producing and adapting policies from previous years. This preseason praying and planning was pivotal to the success of the season and vital in importance for the running of the mission.

Having continuity amongst the core team was hugely beneficial and has created a cohesive and efficient work environment. This had a huge impact on the ability to be proactive rather than reactive to situations throughout the planning stages and allowed measured decisions to be made when issues arose in resort. The preparation allowed freedom from small logistical matters and general day-to-day running of the chalet and programme to having more time to grow and bond.

Altituders

The eight Altituders were awesome! Overseen by the pastoral couple Sam and Chloe; James, Ben, Ethan, Sophie, Niamh, Millie, Raffy, Jessie and Matt (Alumni) were an incredible team quickly grasping and taking onboard the mission and the values of Altitude. This is credited to a strong recruitment process led by Toby Missen, in which the team dynamics are prioritised and thought about throughout.

In the lead up to the season we started with weekly calls the month before arriving in the resort, this allowed team bonding, and an introduction to our key values while providing them a chance to familiarise themselves with one another. In the first few weeks of arriving in the resort, we worked on the basic values Having a relatively young team we noticed how simple daily tasks could be challenging. However, stepping into the new year they grasped the basic values (attitudes to alcohol, romantic relationships, general timekeeping and rota duties) and started to go above and beyond.

One of the most encouraging markers was the individual's personal spiritual development. The Altitude leaders believe this was accelerated by the daily bible studies at 7:30 am, which are a priority for all. The group time and seminar time each week have been a fantastic time to invest in them spiritually which they are also enjoying. I think the Ski & Server feedback shows how outward-focused they are in making an intentional effort with every week’s new group. I couldn’t be prouder of them.

Regular mentoring sessions for the Altituders have continued post season and will continue until September/ October with either Chloe (girls) or Sam (guys). Mentoring meetings occurred every two weeks for the Altituders throughout the season, and post-season monthly. This has allowed us to work individually with them on different areas of growth. Seeing them put into action our discussion points have been fantastic. These mentoring sessions are structured around RPMS + F (Relationships, Physical, Mental, Spiritual & Finances).

Improvements for Future:

Altituders Metrics 23/24:

ALTITUDE MISSION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

Chalet Operations

Groundwork within policies, ‘How to’s’, and documentation to be used as instructions were written up and prepared to be foundations to build on throughout the season and in future years. This included:

Ski and Servers

Various changes were made to the Ski & Serve pre-arrival process and their time spent in resort:

There are definitely still improvements to be made, some of which will be done before next season. Things such as:

Prayer

Over the course of last season we saw prayer become a vital part of our daily life at Altitude Mission. In December we increased opportunities for prayer in the chalet. We spent the first 20 minutes of our morning (7:30-7:50) reading the Bible and then between 7:50- 8 am we dedicated 10 minutes to open prayer. We saw our Altituders, team and Ski & Servers all use this time to praise God, bringing need before him and calling upon his wisdom. I would say this has had a significant impact. Starting with God's word and prayer has set the tone for the rest of the day. These morning sessions total to around 50 hours spent in prayer and the word across the season and that’s before the day even starts!

We received multiple prayer requests from seasonaires, they leave these on the wall in the prayer room during Beer and Burgers. We dedicated part of our Tuesday night worship sessions to pray over these, our Altituders have been overseeing and leading this and have taken it on with confidence and maturity.

ALTITUDE MISSION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

At the beginning of the season, we created the ‘prayer room’; a room filled with Bibles, Christian books and devotionals. We made sure this space was a comfortable one where Altituders, team, Ski & Servers and seasonaires could come to spend time in the quiet with God. It has been used often and we have noted the benefit of having a quiet space in such a busy chalet. During mentoring sessions many of the Altituders expressed that the prayer room was a place where they found it easy to meet with God amongst the busyness.

On February 4th we commenced our ‘prayer week’. We dedicated this week to prayer and intentional time with God. Our Altituders and team were each assigned a day with a different focus (Future, Family and friends, Provision, Healing, rest & listening and Chalet Altitude.) They each delivered a livestream video encouraging our altitude community to join in and arranged different activities during their assigned day to make the prayer focus engaging. Our team also involved the Ski & Servers creating a ‘chairlift challenge’ where they managed to pray on every lift in the three valleys, a total of 106 lifts covered in prayer! During the week we saw God answer prayers as we set aside intentional time and focuses. Our team all drew closer in relationship with Him. Over the season, we saw prayer life in Altitude become an integral part of the mission. In an average week our Altituders had 9 hours of scheduled prayer, worship and bible time not including their own personal time spent in prayer and worship.Next season (24/25) I would love to see Altitude openly invite seasonaires to bible studies and grow in our boldness for praying with seasonnaires. It has been a joy to watch as our Altituders and team bringing everything to God and to pray without ceasing.

OUTREACH

Church (Sunday Service)

The Sunday Service was initially, one of the hardest areas to grow, with difficulties around location, production equipment and lack of experience within the team. This resulted in Zac and Sam carrying a heavy load in each week. However, with some key Altituders (Jessie & Millie) throwing themselves into this area we have started to see the benefits.

A significant difference was made with investment into new production equipment, with new speakers, TV, Tripod & HDMI leads. This has allowed us to start creating an excellent service experience each week. Attendance steadily grew throughout the season and allowed us to give opportunities to involve Ski & Servers where possible. We also worked hard to develop our Altituders on the platform with 6 of them preaching services and all of them being involved either in worship, platform or production. For 5 of them, it was the first time they ever preached.

Improvements for Future:

Church Metrics:

Well-Being Ski

Our main outreach this season has been Well-being Ski (Wednesday 10 am at Rond-Point) and Beer and Burgers (Wednesday at 7:30 pm at Chalet Altitude).

Well-being Ski was started in January once we got through the Christmas Holidays and has grown from strength to strength, with Matt Bamber (Alumni) taking charge of leading this and has done a fantastic job averaging around 30-40 attendees. The team would simply ask the attendees “How are you?” and when required to support them, they were equipped with some sign-posted material if appropriate that can help improve their mental health. While this has been rarely required, the support for having a safe place where people feel open and cared for has been widely encouraged and celebrated.

ALTITUDE MISSION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

Beer and Burgers

Beer & Burgers has gone through the roof this season averaging 155 attendees across the season. We saw this grow, becoming a landing pad for seasonaires to engage with Altitude and the team. Beer and Burgers was a fantastic entry point that led people to dinners, group skis, joining us for Worship Nights (Tuesday), Thankful Friday or Communion (Saturday Nights). James Thomas (Altituder) took the lead role in streamlining the event and making sure we could deliver enough beer and burgers. One of the reflections for 24/25 season is how we can create more space for connection and conversations, as on the larger busier weeks we struggle to make the space required for the pre-evanglistic conversations we originally intended to have, instead focusing on having to deliver the project.

Improvements for Future:

Beer and Burger Metrics:

Total attendance across 20 weeks: 3258

Ski Angels

The season saw Ski Angels carrying on saving lives in the mountains operating mainly at La Folie Douce and the Rond Point in Meribel, both bars that are situated on the side of busy slopes.

We sent a team to Rise Festival in Les Deux Alpes upon the request of the festival organisers after attending for the previous couple of seasons. The festival asked us to provide a team of 15 Ski Angels this season and paid for travel, lift passes and accommodation whilst serving at the festival. The Rise team trialled providing a Ski Angel service during the night time performances as well. We found that it was difficult to operate at night due to the volume of people and their intoxicated state from various substances. The leaders decided that Ski Angels safety was at risk and so stopped the night-time trial. This is going to be reviewed before Rise Festival next season. We have been asked to return to provide our services once again. During this week a film was shot to promote Ski Angels at other festivals across the mountains which was released in March and will be used to advertise our services.

The Meribel team of Ski Angels worked tirelessly five nights a week to provide the general public with help down the mountain safely and to give directions, always with a kind smile. There were a couple of major incidents that required urgent first aid and the Ski Angels with their 16 hour Outdoor First Aid training were able to act competently and swiftly to keep people safe. It is evident that this training is paramount to the Ski Angels operation.

As part of fundraising week, the team gathered with 27 ski angels operating during a shift and over 350 pairs of skis carried in just an hour and a half! This was a great chance for Ski Angels to share what we are doing and how much impact we are having in resort. The team gathered donations as part of the fundraising push at this event.

This season we created, produced and shot a film intended for the next stage of interaction with Ski Angels once we have helped people off the mountain. We realised that there was a need to share more about what we are doing and why and that this is sometimes missed during interactions and we are unable to track once the interaction has passed. This film will be attached to a QR code on a card that we give to the public once they have been helped by Ski Angels. It shares a short message about the gospel and why we are doing what we do. We hope that people will experience God’s love more through this and see that we are not just kind people but there is something more.

ALTITUDE MISSION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

Financial review

The Trustees have prepared accounts for Altitude Mission in accordance with the requirements of the SORP of best accounting practice.

Review of the year

Altitude Mission had a financially improved fifth year of operation. Our income increased to £250,682 (2023: £188,860), predominantly split between donations of £120,494 (2023: £54,451) and income from charitable activities £126,026 (2023: £131,080). Our expenditure was £235,851 (2023: £195,823) leaving a net income of £14,831 (2023: net expenditure £6,963). The net income is as a result of an increase in donations offset in part by increases in costs. We particularly appreciate some large one off donations received in 2023/24.

Income:

Altitude Mission relies on donations for one of its principal sources of funding. We received £14,000 (2023: £5,730) from grant bodies, organisations and trust funds. We received £106,132 (2023: £48,721) in individual donations, including Gift Aid. Most of these individuals have stayed at Chalet Altitude. We also encourage Altituders to organise a fundraiser at the end of the season.

Income from missional activities was £126,026 (2023: £131,080), which includes income from Altituder’s towards their mission costs of £53,550 (2023: £47,800) and ski and server income of £69,814 (2023: £77,570). Income from trading activities such as merchandise sales was £3,206 (2023: £2,345).

Costs of our Activities:

The costs of raising funds this year was £241 (2023: £106). The cost of our missional activities were £47,621 (2023: £34,257). For the financial year ended 31st July 2024, Altitude Mission France (AMF) an independent charity registered in France to fulfil the charity's aims and objectives in France operated the chalet-based Christian community in the French ski resort of Meribel on behalf of the charity. AMF incurs outgoings to run the chalet, the church and mission in Meribel. In return, the charity provides AMF with a grant to cover local costs. The AMF grant amounted to £180,000 (2023: £160,642).

The material cost increases in 2023/24 were due to salary costs and the grant to AMF increasing by £20,000.

The costs of running the Ski Angels mission – helping people on the slopes and at après-ski bars, in danger, particularly due to inebriation, breakdown as clothing and equipment costs of £3,247 (2023: £4,714), training and travel of £728 (2023: £1,154).

Governance costs were £3,011 (2023: £10) and trading costs were £4,978 (2023: £808), this related to merchandise sales and marketing and advertising spend.

Balance Sheet

The Balance Sheet as at 31st July 2024 remains in a stable position, ensuring that the charity has the net assets required to deliver its life-changing message of love to the community of the French Alps and beyond.

Reserves policy

The Trustees have adopted a reserves policy which they consider appropriate to ensure the continuing ability of Altitude Mission to meet its objectives and obligations. The reserve target remains at £50,000. Our current reserves are £88,564 (2023: £73,733) of which £12,722 (2023: £1,317) are restricted funds.

The Charity has long term ambitions to scale its operations. Therefore, it is likely to need to build up an appropriate level of reserves to support this, whilst maintaining an amount that will enable the Charity to meet its ongoing cost obligations so that it can operate its mission activities, accounting for the fact the charity is dependent in part on voluntary gifts and donations.

The reserves policy will continue to be reviewed annually.

ALTrruDE MISSION FOR THE YEAR ENDED 31 JULY2024 2019. PJUs fas Kr￿3￿ •*LWest PJPAB

ALTITUDE MISSION

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 JULY 2024

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ALTITUDE MISSION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF ALTITUDE MISSION

I report to the trustees on my examination of the financial statements of Altitude Mission (the charity) for the year ended 31 July 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

John Caladine FCCA CTA FCIE

Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF

Dated: 8 January 2025

ALTITUDE MISSION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 JULY 2024

Unrestricted Unrestricted Restricted Restricted Total Unrestricted Unrestricted Restricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
Notes £ £ £ £ £ £
Income and endowments from:
Donations and legacies 3 102,028 18,466 120,494 48,548 5,903 54,451
Charitable activities 4 126,026 - 126,026 131,080 - 131,080
Other trading activities 5 3,206 - 3,206 2,345 - 2,345
Other income 6 956 - 956 984 - 984
Total income 232,216 18,466 250,682 182,957 5,903 188,860
Expenditure on:
Raising funds 7 5,219 - 5,219 914 - 914
Charitable activities 8 223,571 7,061 230,632 187,722 7,187 194,909
Total expenditure 228,790 7,061 235,851 188,636 7,187 195,823
Net income/(expenditure) and
movement in funds 3,426 11,405 14,831 (5,679) (1,284) (6,963)
Reconciliation of funds:
Fund balances at 1 August
2023 72,416 1,317 73,733 78,095 2,601 80,696
Fund balances at 31 July
2024 75,842 12,722 88,564 72,416 1,317 73,733

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ALTITUDE MISSION ASAT31 JiLY2024 14 16 16 169 .376 74288 (777 12r12 1.317 Ti416 19 PJM -12-

ALTITUDE MISSION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

1 Accounting policies

Charity information

Altitude Mission is a Charitable Incorporated Organisation governed governed by a constitution dated 4th November 2019. The principal address is Bay Cottage, Priory Road, Seaview Isle of Wight PO34 5BU.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

ALTITUDE MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

1 Accounting policies (Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and fittings 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of non-current assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ALTITUDE MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

1 Accounting policies (Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ALTITUDE MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Donations and gifts 102,028 18,466 120,494 48,548 5,903 54,451
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Contributions towards activities
Altituder mission contributions 53,586 47,800
Ski & Serve mission income 69,814 77,570
Altitutde alumni gathering 813 950
Staff and other bed income 1,813 4,760
126,026 131,080

5 Income from other trading activities

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2024 2023
£ £
Bar and merchandise sales 3,206 2,345
6 Other income
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Other income 956 984

ALTITUDE MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

7 Expenditure on raising funds

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising and publicity
Other fundraising costs 241 106
Trading costs
Other trading activities 4,978 808
Total costs 5,219 914
Expenditure on charitable activities
2024 2023
£ £
Direct costs
Staff costs 25,147 12,987
Depreciation and impairment 1,420 -
Administrative expenses 12,822 12,996
Chalet costs 1,951 186
Ski Angel 3,976 5,868
Bank fees 2,305 2,220
47,621 34,257
Grant funding of activities (see note 9) 180,000 160,642
Share of support and governance costs (see note 10)
Governance 3,011 10
230,632 194,909
Analysis by fund
Unrestricted funds 223,571 187,722
Restricted funds 7,061 7,187
230,632 194,909

ALTITUDE MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

9 Grants payable

2024 2023
£ £
Grants to institutions:
Core chalet costs 7,063 3,049
Rent 84,858 90,377
Utilities and fuel 28,991 30,171
Food 28,650 30,017
Staff costs 6,680 6,688
Guest taxes 3,228 340
Legal and accounting 3,383 -
Other 17,147 -
180,000 160,642
Support costs allocated to activities
2024 2023
£ £
Governance costs 3,011 10
Analysed between:
Charitable expenditure 3,011 10
2024 2023
Governance costs comprise: £ £
Accountancy 1,800 -
Bookkeeping 311 10
Independent examination 900 -
3,011 10

10 Support costs allocated to activities

11 Trustees

Except as disclosed below, none of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Trustee Mr L West acted for the charity as an Altitude Ambassador during the year and was provided with accommodation in that role costing £1,190.

Two relatives of Trustee Mr P Missen received salaries totalling £10,049 during the year.

Donations from Trustees and related parties amounted to £4,975 in the year.

ALTITUDE MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

12 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
2024 2023
Number Number
3 4
Employment costs 2024 2023
£ £
Wages and salaries 25,147 12,987
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
2024 2023
£ £
Aggregate compensation 15,352 -
13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14 Property, plant and equipment

14 Property, plant and equipment
Fixtures and
fittings
£
Cost
Additions 7,100
At 31 July 2024 7,100
Depreciation and impairment
Depreciation charged in the year 1,420
At 31 July 2024 1,420
15 Inventories
2024 2023
£ £
Finished goods and goods for resale 5,056 6,776

ALTITUDE MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2024

16 Trade and other receivables

Trade and other receivables
2024 2023
Amounts falling due within one year: £ £
Trade receivables 8,253 11,127
Other receivables 8,673 1,070
16,926 12,197

17 Current liabilities

Current liabilities
2024 2023
£ £
Other taxation and social security 1,971 -
Trade payables 3,099 556
Accruals and deferred income 2,700 -
7,770 556

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 August At 1 August
Incoming
Incoming
Resources
Resources
At 31 July
At 31 July
2023 resources expended 2024
£ £ £ £
Altituders costs 1,001 - - 1,001
Chalet purchase 316 30 - 346
Staff salaries - 5,000 (5,000) -
Altitude worship - 965 (965) -
Ski Angels Video - 7,471 (1,096) 6,375
Mental Health - 5,000 - 5,000
1,317 18,466 (7,061) 12,722
Previous year: At 1 August
Incoming
Resources
At 31 July
2022 resources expended 2023
£ £ £ £
Altituders costs 2,601 500 (2,100) 1,001
Chalet purchase - 316 - 316
Staff salaries - 2,500 (2,500) -
Altitude worship - 2,587 (2,587) -
2,601 5,903 7,187 1,317

ALTITUDE MISSION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 August At 1 August
Incoming
Incoming
Resources
Resources
At 31 July
At 31 July
2023 resources expended 2024
£ £ £ £
General funds 72,416 232,216 (228,790) 75,842
Previous year: At 1 August
Incoming
Resources
At 31 July
2022 resources expended 2023
£ £ £ £
General funds 78,095 182,957 (188,636) 72,416
20 Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 July 2024:
Property, plant and equipment 5,680 - 5,680
Current assets/(liabilities) 70,162 12,722 82,884
75,842 12,722 88,564
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 July 2023:
Current assets/(liabilities) 72,416 1,317 73,733
72,416 1,317 73,733

21 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).