Charity number.. 1188562 MILLIMETRES 2 MOUNTAINS FOUNDATION CIO UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
MILLIMETRES 2 MOUNTAJNS FOUNDATION CIO CONTENTS Page Reference and admlnlstratlve detaSls of the Charlty, Its Trustees and advlsers Trustees. report Indgp•nd¢nt ¢xaminerf$ report Statsment of flnan¢lal actSvltl¢$ Balance sheet 10 Notes to the flnanclal statements
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO REFERENCE AND ADMINISTRATIVE DAlLs OF THE CHARrrY, S TRUSTEES ANO ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Edward Jackson Freya Dawson Andrew Craig Summers Oliver Barkley Euan Ciaig Ross Slirfing Jonathan David Myers (appointed 13 November 20241 Serena Monique Kersten MBE lappointed 13 November 20241 Charity r8gSstered number 1188562 Prlnclpal officè While Li8S Loves Hill Timsbury Bath BA2 OEU Indepondent Examlner Guy Biggin FCCA, ACA Crowe U.K. LLP Chartered Accountsnts Fourth Floor St James House Sl James Square Chellenham GL50 3PR Page 1
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual rew)rt together with the financial slalements of the Charity for the 1 January 2024 to 31 December 2024. The accoun15 have been prepared in 8ceord8n¢e with the accounting policies set out in note 1 lo the a¢¢ounts and Comply the Charitys Goveming Do¢umenl, the Charitys A¢1 2011 and the Statement of Recommended Praclice." Accounbn9 and Reporting by Charities preparing their accounts in accordance wih the Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 1021. Obl•ctlv•s and a¢tlvltl•s a. Maln actlvities undertaken to further the Charitys purposes for the public benefrt The charity was gslablished after Ed Jackson, a fomier professional rugby aYer sustained a spinal cord injury diving into a pool in April 2017. After being told he would never walk again, Ihrough sheer determination and hours of rehabilitation his body slowly started returning to him. He started climbing mountains to raise money for the charities that had helped him but soon realised that the power in healing was on these adventures. Every year we lake beneficiaries lacing mental health struggles because of adversity on challenges across the globe. These trips act as the Catalyst lor change after which we offer on-going support in the form of gr8nls toward5 life coaching, theiapy, career grants and much more to ensur6 the individual can take steps towards a brighter future. The objects of the CIO are.. 111 To relieve the needs of those who have suffered or are suffering from ment81 or physical illnèss or disability by providing grant funding lo enable Ihem to partake in oul(Joor challenges and trips which assist their recovery., and 121 To advance such charitable purFo$es {aCrd•r4j to tho law of England and Walosl as th¢ charty twstees see fil from time to time. A¢hl¢vements and perfomian¢• a. Maln achlevements of the Charlty 2024 has been a year ol posibve gr0h and renewed energy for M2M. We were delighted to welcome a new Charity Manager to the team, enabling a MO focused and strategic approach to operations. This shift has allowed us to slrenglhen the foundations of the organisaiion while placing greater emphasis on key areas such as our M2M Development Programme, Ihe Together Outdoors In1.ave, and our fundraising events. This addition to the team has also given Lois Jackson move capacity lo dedicate her timo lo building partnerships. securing sponsorships, 8nd exploring new fundraising oppOrtUne$-keY aroas that arg helping to shape the future sustainability ol M2M. In December 2024, the cohort of beneficiaries who joined in 2022 completed their thretryear journey with us. The feedback received throughout their time in the programme has been incredibly encouraging, with many highlighting increased confidence, a more posilive oullwk on lrfe. and a deep sense of community and personal growth. Our Together Outdoors programme has seen significant expansion this year, offering more events and opportunities for our community to connect and supwrt one anoiher through walks and group activities. Despile challenges in Ihe wider fundraising landscape, we were fortunate to secure vital funding from both the YHA and the Wasps Legends Charitable Trust. This suppx)rt has helped us to continue offering mental health walks and beneficiary-focused acb"vrties throughout the year. Page 2
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perfomiance {continuedl A major step forward in our misSn to cxeale a more inclusive Outdoor experience was our collatrx)ration with Berghaus on their 'Adapls' proect-which officially launched in 2024. We're incredibly proud to be part of this inits'alive, working together to develop and adapl outdoor clothing and equipment to meet the needs of people with phical limitations. As a charity. we're committed to investing time and resources to ensure that the outdoors is accessible lo all, especialty our beneficiaries who may face physical challenges in these environments. We also launched M2M Calch-ups, a monthty online community gathering where gtjest speakers-ranging from mental health professionals to motivab'onal coaches4ead workshops, open discussions. and inleractive sessions on a variety of topics, Includir wellbeing, therapy. and goal setting. These sessions have quickly become popular and have provided a meaninglul way for both new and existing members to engage with our mission and with each other. To support our outreach and Klenlity. we intr(Kluced M2M merchandise, helping raise awareness while strengthening our visual brand. This initiative also complements our fundraising and markeb'ng efforts. One of the year's major highlights was the release of Ed Jackson's film wth Paramount, The Mountain Within Me, in August 2024. The film wa5 mel wilh enthusiasm both in the UK and InternationallespecIalIY in the United Stsles and has significantly boosted the ch8riWs profile. As a result, we've received increased interest Irom volunteers. professionals offering support. and a growng numb8f ol btrneficiary applications, marking a tangible expansion in our reach and impacl. Our Abroad Challenges programme has also gon8 from strengih to strength. with participants sharing glowing feedback and a slrong sense ol alignment wilh M2M's mission. A standoul moment was our corporate adventure trek in Tuscany. delivered in partnership wth Dawsongroup PLC. The 5ucces5 of this experience ha5 inspired us to explore further OPFK)rtunilies in corporate advenlure partnerships as we move into 2025. The Trustees confimi that they have Complied wth their duty in secth)n 17 of the Charities Act 201110 have due regard to public benefit guidance published by thg Charity Cty))mission for England and Wales. Finan¢ial review a. GoSng concom After making appropriate enquiries. the Trustees havg a reasonable expectsb'on that th8 Charity has 8dequ8t8 resources to continue in operational existence for the foreseeable future. The Trustees will only make granls lo the level of available funds and for this reason, they continue to adopt the going concern basis in preparing the financial statements. Further detsils regarding the alloption of the going c(mcem basis can be found in the accounting policies. Page 3
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 b. Reserves policy As of 31 December 2024, Millimetres 2 Mouniains F(xJndation CIO held a dosing bank balance of £105,874. At first glance, this appears to represent a strong financial positi'on. However, trustees have carefully reviewed the organisation's financial obligations and income trends to assess the true level of available reserves. Annual core operating costs- Including staffing. programme ¢Jelivery for beneficiaries, and essential overheads- are estimated al £158,000. A¢¢ordingly. the ¢hariWs reserves policy aims lo maintain unrestricted reserves equivalent to three months of core costs, currently set at approximately £30.000. This buffer is designed to protect against unforeseen income delayE or operatM)nal risks and to support continuity of service. However, a significant porbon of the reported bank balance is already committed lo programme delivery and staffing In the year ahead. The actual free reseryes, defined 8$ unrestricted and unalloc81ed funds, remain minim81. Importantly, this Teserves snapshot does not reflect the Foundation's strong annual fundraising performance. In 2024, Millimetres 2 Mountains generated £306,437 in lotal income. according to the profit and loss accounts. This included revenue from special events. individual giving, cLJrporale partnerships, and Gift Aid, all of which play a vital role in sustaining growth and covering delivery cJ)sls. The Foundation operated with a nel surplus of £24,560 in 2024. and budgeting forecasts for 2025 project continued growth, with a conservalive income expectalion of £327,765 and exp8ndilure rangin9 from £214,600 to £307,250 depending on delivgry SCOP9. In light of these factors. the trusiees remain committed to building unrestricted reserves over time to improve long-lerm resilience. This will help ensure the Foundalion can continue lo provide lrfe-changing 5UPPOrt lo ils beneficiaries while navigating funding cydes and expanding its reach. c. Incom• Total income for the period amounted to £306,43712023: £190,191). Page 4
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, governance and management a. Canstltutlon Mlllimelres 2 Mountains Fcwndalion CIO is a registered charity, number 1188562. and is consutuled under Ils Goveming Document. b. Methods ot appointment or election of Trustees The managemenl of the Charity is Ihe responsibilty of Ihe Trustees are elected and co-opted under the terms of its Governing Document. New Tnjstees are briefed by continuing Trustees regarding the history and objects'ves of the Charity. c. Organl$atlonal $tru¢turo and dKlslon4naklng poll¢l The Trustses meet 4 limes a year to Sider grant 8pplicats.ons and conduct any other business. On occasion decisions are made following telephone meetings. d. Flnanclal rf8k manag•m•nt The Trustees have considered the risks lo which the Charity and consider that the procedures in force are sufficient lo managg the foreseeable risks. In considering the Charitys acts'vilies, the Trustees have had regard to the Charity commissn,$ guidance on public benefit. Plans for futur• pedods At Millimetres 2 Mountains Foundation, we are committed to invesling more knme and resources into making the outdoors more accessible lor beneliuaries wlh phyEical limitations. In 2025, we plan to expand our grant programme, offering direct support to individuals who may la barrier5 to accessing nalure-ba5ed wellbeing opportunities. We also aim to grow our Together Outdoors initiative by increasing the number of walks and events across the UK. This will enable more people to connect wth our community, access mental health support, and continue their personal developmenl ihrough shared 000r experiences. Our M2M Development Programme will remain a u)merslone of our work. In the year ahead, we will continue lo prowde enriching and meaningful events that empower beneficiarie5 10 5UPPOrt one another, build self- confidgnce, and discover a sense of calm and purpose through adventu. Building on the success of M2M CatcupS, we intend to expand our network of participating professionals and enhance the content of these sessions. Additionally, we are iaking sleps to standardise volunteer training and develop a more robust framework of support. These efforts wll ensure that our programmes continue to grow in a sustainable, inclusive, arNJ impactful way. Page 5
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of Trustees. responsibilities 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 lo charibes in England & Wales requires th8 Tnjstees to prepare financial statements for each financial which give a true and fair view of the stale of affairs of the Charity and of its incoming resources and application of resources, including its income and expendrture. for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently. obserye the methods and principles of the Charities SORP IFRS 1021.. make judgmenis and accounting estimatès thal are rèasonabl8 and prudent.. stale whether applicable UK Accounting Standards IFRS 102> have been followed, subject lo any material departures disclosed and exp18ined in the financial ststemenls., prepare the financial statements on the going concem basis unless il 1$ inappropriate to presumo that tho Charity will continue in business. The Truslees are responsible lor keeping adequale accounling records Ihal are suffici8nl lo show and explain the Charity's transactions and disclose with reasonatye accuracy al any time the financial pDsition of the Charity and enable them to ensure that Ihe financial stalemenls comply with the Charits'es Act 2011, the Charity (Accounts and Reports) Regulations 2008 and Ihe provisions of the Trust deed. They are also responsible for safeguarding the assets ol the Charity and hence for taking reasOnae steps for the prèvèntion and detection of fraud and other irregularities. Approved by order of the members of the Lx)ard of Trustees and signed on their beh81f by.. Edward Jackson Trustee Dale.. 2011012025 Page 6
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examiner's Report to the Trustees of Millirnetres 2 Mountsins Foundation CIO I'the Charity'l I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024. Rèsponslbllltlès and Bas1$ of Rèport As the Trustees of the Charity you are responsible for the preparab'on of the accounts in accordance wth the requirements of the Charities Act 2011 1.the 2011 Acr). I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and in carwng out my examination I have followed Ihe applicable Dir8clions given by the Charity Commission und8r section 14515llbl ol the 2011 Act. Indopgnd•nt Examlner's StalemeTht Since the Charitys gross income exceeded £250.000 T exarniner musl be a member of 8 llY listed in section 145 ol the 2011 Act. I confirm Ihal l am qualified lo undertake the examination because l am 8 memb8r of The Inslilule of Chartgred Accoun18nts of England and Wales. which is one of the lislgd bodies. Your attention is dr8wn lo the fact that the Charity has prepared the a¢Unts in accordance with Accounting and Reporting by Charities.. Slalemenl ol Recommendetl Practice applicable lo charities preparing their accounts in 8¢cordance with the Financial Reporting Stsndard applicable in the UK and Republic of Irgland IFRS 1021 in prgference to the Accounting and Reporting by Charilies." Statement of Recommendgd Prath'ce issued on 1 April 2005 which 1$ referred to in the extant regulabons bul has been wrthdrawn. l understand that this has been done in order for the accounts lo provide a true and lair view in 8c¢ord8ncts with the Generally Accepled Accounting Practice eff8cb.ve lor rewting perN)ds Winning on or after 1 January 2015. I have completed my examination. I confirm that malters have come lo my attention in ¢onnects'on with the examination giving me cause to believe that in any material re5pecl'. accounting records were not kept in resp8cI of the Charity as required by section 130 of the 2011 Act., or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulabons 2008 other than any requirement that the accounts give a 'true and fairf view vknich is a matter consmlered as part of an independent examination. I have no concerns and have come across no oiher matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts (o be reached. This report 15 made solely to the Charrtrfs Trustees, as a body, in accorilance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. hAy work has been undert8ken so th8t I might state to the Charitys Trustees those matters l am required to state to them in an Independent examine¢s report and for no other purpose. To the fullesl extent pemiitted by law, l th) nol accept or assume responsibility to anyone other than the Charity and Ihe Chariivs Truslees as a trx)dy, for my work or f(x this report. Page 7
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Slgn8d'. Dated: 20 October 2025 Guy Biggin FCCA ACA Crowe U.K. LLP Chartered A¢¢ount8nts Fourth Fbor St James House St James Square Cheltenham GL50 3PR Page 8
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted fund$ 2024 Total funds 2024 Total funds 2023 Nots Income from: Donations Other in¢om8 304,644 1,793 304,644 1,793 790, 191 Total Income 306,437 306,437 790,191 ExpendStur• on: Raising funds Charitable activities 1,821 280,056 1,821 280,056 2,320 222,639 Total 8xpendStur• 281,877 281,877 224,959 Not mov•m•nt In funds 24,560 24,560 (34, 768) Ro¢on¢lllatlon of lund$: Total funds broughl forward Net movement in funds 94,413 24,560 94,413 24,560 729, 187 (34.768) Totsl funds carrf•d fonward 118.973 118,973 94,413 Th8 Statemont of Financial Activili8s includes all gains and Ios$8s r@CJnIS8d in the yoar. The notes on pages 11 to 21 form part of these financial stalements. Page 9
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Nots Tangible assets Current assets 12 478 Debtors Cash at bank and in hand 13 22,946 105.874 2,940 95, 796 128.820 98,736 Current Ilabllitles Creditors.. amounts falling due wthin one year 14 (10,3251 (4,323? Not curront assots 118,495 94,413 Totsl not a¥uts 118.973 94,413 Charlty funds Unrestricted funds 15 118,973 94,413 Totsl funds 118,973 94,413 The financial statements were approved and aultK)rised fty issue by the Trustees and signed on thelr behalf by.. Edward Jackson Trustee Date.. 2011012025 The notes on pages 11 10 21 form part of these financial stalements. Page 10
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General InfomiatSon Millimetres 2 Mountains Foundation is registered in England and Wales as a charitable incorporated organisalion Iregislered r. CE0211361 and also with the Charity Comffli55ion Iregislered no. 11885621. The address of its wistered office is White Lias, Loves Hill, Timsbury, Bath, BA2 OEU. Accounting policies 2.1 8a$ls of prnparatSon of finan¢lal $tstom•nts The financial statemenls have been prepared in accordance with the Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordarKe wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 lefftsclive 1 January 20191. the Financi81 Reporting Stsndard applicable in the UK and Republic ol Ifeland IFRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulalions 2008 only to the exient required to provide a 'true and lair, view. This departure has involved lollowing the Charitles SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charits"es'. Staternenl ol Recommended Practice effective from 1 April 2005 which has since been withdrawn. Millimetres 2 Mountains Foundalion CIO meets Ihe definib'on of a public benefit entity under FRS 102. Assets and liabililies are inilially recognised at historical cost or transaction value unles$ otherwise staled in the relevant accounting policy. 2.2 Golng ¢on¢ern After making appropriate enquiries, Ihe Truslees have a reasonable expectation that the Ch8rily has adgquate resourcgs lo crmtinue in opgralional existen¢e for the foreseeablè futur8. Trustees will only make grants lo Ihe level of available funds and for this reason, they continue to adopt the going concern basis in preparing the financial statements. 2.3 Income Donation income is recognised on receipt. Page 11
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontinuedl 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party. it is probable that a Iransfer 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 ol the total of direcl Costs and shared Costs, including support ¢osls involved in undertaking each acbvity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which conlribule lo more than one actiwty and SLJPPOrt 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 bas¢s of tsme spent, and d8preciation charges allocated on the portion of the asset's use. Expgnd(¢vre on r8ising Ivnds indudes all expenditure incurred by th8 Charity lo raise funds lor ils charitable purposes and includes cosls of all fvndraising activitses events. including platform costs asswiated wth fundraising. Expenditure on charitable actNilies is incurred on direcuy undertaking the activities which further the Charitys objectives. as well as any associated support Costs. Grants payable are charged in the year vthen the offer is ma(le except in those cases where the offer is conditional, such grants being rÈcognis8d as èxp8nditur8 when the conditions attaching aro fulfilled. Grants offered subject to condilions which have r{ been met at tho year end are noted as a commitment, bul not accrued as expendilure. Govem8nee eosls are those incurred in o)nnection nstItUtiOnal and statutory qUIrementS of the Charity and are included wilhin support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Tanglblo f5x•d assets and depreclatlon Tangible fixed assets cx)stsng £100 or more are capitalised and recryJnised when future economic benefits are probable and the cost or value of the asset can be measvroLI reliably. Tangible fixed assets are initially recc¥Jnised at $t. Aftor recognition, under the Cost model. tsngiblg rixed assets are measured al cost less accumulaled depreciaknon and any accumulated impairment losses. AJI costs incurred to bring a tangible fixed assel into its inlended working condition should be included in the measurement of cost. Depre¢ialion is Charged so as lo allte Ihe Cost of tsngible fixe(l assets less their SIdUal value ovor their estim*ed useful INes, using the straight-line Meth. Depreciation is provided on the lolk)wng basis= Office equipment 10% 2.6 D¢btors Trade and other debtors are rec(y3nised al the seluement amount after any trade discount offered. PrepayTnents are valued al Ihe amount prepaid net of any trade discounts due. Page 12
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontinuedl 2.7 Cash at bank and in hand Cash al bank and in hand indudes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.8 Llabllltl•s and provlslons Liabilities are recryjnised when there is an obligaticm at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefil will be required in setNement. and the amount of the settlement can be estimated reliably. 2.9 Flnanclal In$trum•nt$ Thg Charily only has financial assets and financial lbilities ol a kind that qualify as basic financial inslruments. Basi¢ financial in$trument$ are initially recognised at transaction value and subsequently measured at their sewemenl value. 2.10 Pèn8lon The Charity operates 8 defined contribulion nSIOn st*eme and the pension charge represents Ihg amounts payable by tho Charity lo the fund in respect of the yoar. 2.11 Fund accountSng General funds are unrestricted funds vA)ich are available for use at the discretion of the Trustees in furtherance ol the general objectives of the Charity and vA)ich have not been designated for other purposes. Income from donatlons Unrtr$tricted funds 2024 Total funds 2024 Donation5 304,644 304,644 Unreslrided funds 2023 To181 funds 2023 Donations 190, 191 190, 191 Page 13
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Othar Incoming rOurceS Unrnstricted funds 2024 Total funds 2024 To181 funds 2023 Merchandise sales 1.793 1,793 ExndIture on ralslng funds Costs of ral$Sng voluntary Income Unrestrlcted funds 2024 Total funds 2024 Giwng platform $ts 234 234 Unrestricted funds 2023 Total funds 2023 Giving platform costs 2,320 2,320 Othar tradlng exn8•S UnTe5tricted funds 2024 Total fund$ 2024 Total funds 2023 Merchandise costs 1,58T 1,587 Page 14
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 AnalysSs of grants Grants to Grants to Instltutlons Indlvldual$ 2024 2024 Total funds 2024 Granlmaking 19.433 41.636 61,069 In 2024. 5 grants were paid lo inslitulions. Crux Climbing. EverBody Ovldoors, Yuvanis Found8110n, Kitsquad, United we ¢limb, lotslling £19,433. In 2023, three grants were paid lo inslilub'ons, Neversl Orthopaedit%, Become Uniletl and Rhale Dawah Cenlre. lotalling £29.650. Grents to Inslilution$ 2023 Grnnls to Individuals 2023 Total funds 2023 Granlmaking 29,650 40,521 70,171 Analys18 of expendlture on charltable actlvltle# Summary by fund type Unrnstrlcted funds 2024 Total 2024 Charitable activitios 280.056 280,056 Unrestricted funds 2023 Total 2023 Charitable activities 222.639 222.639 Page 15
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 AnalysSs of expgndltur8 by actlvltles Activltles undertaken dir•etly 2024 Grant fvndlng of aetl¥Stlè$ 2024 Support costs 2024 Totsl funds 2024 Charitable activities 109.094 61,069 109,893 280,056 Activities undertaken directly 2023 Grant funding 01 activit$ 2023 Support costs 2023 Total funds 2023 Charftsble advililes 77,390 70,171 75,078 222,639 Analy818 of Support Costs Total funds 2024 Tot81 funds 2023 Staff costs Depreciation Printing, Postage and Stationery Computer expenses Govemance costs, independent examiner fees Administration costs 76,904 53 50 1,304 4.568 2,324 11,T35 56,505 25 1,799 2,913 231 8,828 68 Advertising and website Bank ¢harg¢s and fees Subscriptions Insurance 73 761 1,115 619 2,975 Training Video ¢rèation Coaching and leader costs 3,263 7,150 109,893 15,078 Page 16
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Ind8pandent examinerfs remun•ratSon 2024 2023 Fees payable to the Charitys independent examiner the independent examination of the Charitls annual accounts Fees payable lo the Charitys independent examiner in respect of: Prep8raty'on of the financial statements 2.154 1,434 1,300 10. Staff costs 2024 2023 Wages and salaries Social security costs Contribution lo defined crffilribulion pension schemes 75,086 54, 169 1,818 1,336 76,904 56,505 The averagg number of porsons employ¢d by Charity during the yoar was a$ foll¢)ws'. 2024 No. 2023 No. Employees No employee receivefj remunerali¢x) amounling lo more than £60,(W in either year. The key management personnel of the charity consisted of the Co- Founder Partnerships and beneliaary manager and Charity manager. The toial remunerats'on paid to the key management personnel was £42,513.12023: Co- Founder- Partnerships and beneficiary manager £32,4581 11. Trnst••$' r•mun•ration and •xp•ns•$ During the year, no Trustees reiVed any remuneration or olher benefils (2023- £NIL). During the year ended 31 Dernber 2024. no Trustee expenses have been incurred (2023- £NIL). Page 17
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Tangibl8 fixed assets Offlcè •qulpm•nt Cost or valuation Additions 531 At 31 0e¢ember 2024 531 D¢pre¢latl¢n Charge for the year 53 Al 31 December 2024 53 Nat book valu• Al 31 Oec8mb8r 2024 478 Al 31 December 2023 13. Debtorn 2024 2023 Due wlthin one year Trade debtors Prepayments and accrued income 4,062 18,884 2,220 720 22,946 2,940 Page 18
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Credltors: Amounts falllng due wlthln ono year 2024 2023 Trade creditors 228 Other taxation and social security Other creditors Accruals 855 498 8,744 683 340 3,300 10,325 4,323 15. Statemont of funds Stat•m•nt of lund$- ¢urr•nt year Balan¢& at 31 Docember Balan at 1 January 2024 Income Expendmure 2024 Unrestrlcted funds General Funds 94,413 306,437 1281,8771 118,973 Statemont of funds- prlor y•ar B818nce 81 31 December 2023 88lance at l January 2023 Income Expenditure Unrestricted fund$ RerV&S 129. 181 190. 191 (224,959) 94,413 Page 19
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 16. AnalysSs of net assets betW8•n lunds Analysis of net assets between lunds- current period Unrestrl¢t•d funds 2024 Totsl funds 2024 Tangible fixed assets Currtsnl assets Credilors due within on8 ygar 478 128,820 110.3251 478 128,820 110,3251 Total 118,973 118,973 Analy81s of nèt assèts botw••n lunds- prlor porlod Unrestrictgd funds 2023 Tot81 funds 2023 Current assets Creditors due within one year 98,736 (4,323) 98,736 (4,323) Totsl 94,413 94,413 17. Pension commitment$ The Charity operates a define(J Contributi pension scheme. The assets of the scheme arg held separately from those of the Charity in an independendy administered fund. The pension cost chargo represents contributions payable by the Charity lo the fund and amounted to £1,818 (2023.. £1,336). Contributions of £498 (2023.. £340) were payable to the fund al Ihe balance Sheet date. Page 20
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Related party transactions During the year the Charity received 8 donation from two trustees, lotslling £55.791. In 2023 the Charity received received no don8tions from any trustee. Freya Dawson, a Trustee. is also a direc1 of the Dawson Group. During the year the Charity received sponsorship from the Dawson Group totalling £4.67512023'. £9.1601. Jonathan Myers. a Trustee. is also a Global head of private equity al Clifford Chance who provide pro bono legal adVe on policies. (Juring the year gener81 guidance was provided to the charity. There are no outstsnding balances owing between relaled pae$ and the Charity al 31 Decgmbgr 2024 (2023.. £NilJ Page 21