CHARITY REGISTRATION NUMBER: 1188956
Low Gillerthwaite Field Centre CIO Unaudited Financial Statements
31 August 2025
Low Gillerthwaite Field Centre CIO
Financial Statements
Year ended 31 August 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 11 |
| Statement of financial activities | 12 |
| Statement of financial position | 13 |
| Notes to the financial statements | 14 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 22 |
| Notes to the detailed statement of financial activities | 23 |
Low Gillerthwaite Field Centre CIO
Trustees' Annual Report
Year ended 31 August 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 August 2025.
Reference and administrative details
Registered charity name Low Gillerthwaite Field Centre CIO Charity registration number 1188956 Principal office Low Gillerthwaite Field Centre Ennerdale Cleator Cumbria CA23 3AX The trustees Karen Stewart James Brennan Simon Young Gill Greggin John Harriman Patrick Muir Rachael Muir Ian Thompson Independent examiner Susannah Nixon Lamont Pridmore Chartered Accountants Milburn House 3 Oxford Street Workington Cumbria CA14 2AL
Structure, governance and management
Type of governing document?
Constitution (Charities Commission) "Constitution of a Charitable Incorporated Organisation with voting members other than its charity trustees". Date established 07/04/2020.
How is the charity constituted?
Low Gillerthwaite Field Centre is a Charitable Incorporated Organisation (CIO)
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Low Gillerthwaite Field Centre CIO
Trustees' Annual Report (continued)
Year ended 31 August 2025
Trustee selection methods including details of any constitutional provisions
Trustees are elected or re-elected at the Annual General Meeting by a vote of the members. A trustee must be a member of Low Gillerthwaite Field Centre CIO.
In accordance with the Constitution, the maximum number of charity trustees is 13. Of these, up to 10 may be elected by members at an Annual General Meeting and up to 3 additional individuals may be co-opted by the trustees at any time in accordance with the Constitution.
At the Annual General Meeting held on 1 February 2025, members approved a constitutional change removing the requirement for fixed Honorary Officer roles. The charity no longer appoints permanent positions such as Chair, Treasurer or Secretary as constitutional offices.
Instead, trustees operate collectively, sharing responsibility for governance and oversight. A chair is agreed for each meeting and recorded in the minutes. Trustees take lead responsibility in areas aligned with their expertise, including financial oversight, health and safety, governance compliance, fundraising and operational support.
All trustee meetings are minuted and formally approved at subsequent meetings to ensure transparency and accountability.
As at 31 August 2025, the charity had eight serving trustees who actively participate in meetings and support the strategic direction and operational oversight of the Centre.
Policies and procedures adopted for the induction and training of trustees
Members interested in becoming trustees must seek a proposer and seconder and stand for election at the Annual General Meeting. Trustees meet prospective candidates in advance to discuss their skills and how they can contribute to the charity.
During the year, trustees strengthened governance processes. New and returning trustees completed required Charity Commission compliance actions and reviewed key policies including the Constitution, Social Investment Policy, safeguarding and health and safety documentation.
Trustees meet regularly, with meetings minuted and formally approved. While formal officer roles have been removed, lead responsibilities are allocated according to trustee expertise to ensure appropriate oversight.
The Board will continue to develop its induction and governance processes to support effective trustee participation .
The charity's organisational structure and any wider network with which the charity works
The Managing Warden attends trustee meetings as a non-voting member. All trustees serve on a voluntary basis and receive no remuneration.
The trustee board meets regularly and is responsible for governance, financial oversight and the strategic direction of the charity.
LGFC works in partnership with local schools, universities, community organisations and corporate volunteer groups to deliver its charitable objectives.
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Low Gillerthwaite Field Centre CIO
Trustees' Annual Report (continued)
Year ended 31 August 2025
Relationship with any related parties
LGFC continues to operate under a Memorandum of Understanding (MoU) with the Royal Logistics Corps Trust (RLC Trust), which remains in place during the reporting period and is scheduled to conclude in April 2026. RLC units continue to use the Centre, and trustees are working to broaden engagement with a wider range of military and defence-related organisations to strengthen long-term sustainability.
The Decommissioning Alliance (TDA) continues to provide significant support to the Centre as part of its social value commitment in West Cumbria. In addition to financial contributions, TDA and associated partners have provided substantial volunteer time during the year, supporting infrastructure improvements and community development projects. This partnership remains a valuable element of LGFC’s operational resilience.
Objectives and activities
Summary of the purposes of the charity as set out in its governing document
The charitable objective of Low Gillerthwaite Field Centre CIO is:
“To promote outdoor educational activities for the training of children and young people in nature conservation and other such studies and activities.”
The Centre operates from the Ennerdale Valley in West Cumbria, providing residential outdoor education in a remote, nature-based environment. LGFC can accommodate up to 40 residential visitors, and all income generated is reinvested into the maintenance, improvement and sustainability of the Centre.
The charity provides opportunities for children and young people to develop confidence, resilience and environmental awareness through immersive outdoor experiences. Groups supported during the year included local schools, specialist educational providers, university outdoor education courses and military units. A published concessions policy helps ensure that financial hardship does not prevent access.
At the Annual General Meeting on 1 February 2025, members voted overwhelmingly (99% in favour) to amend the charity’s objects to better reflect the Centre’s developing work in education, wellbeing and community engagement. The revised proposal was submitted to the Charity Commission and is awaiting formal approval. Until that approval is granted, the charity continues to operate under its existing constitutional object.
The Centre continues to model environmental responsibility through its hydroelectric scheme, solar panels and biomass boiler, supporting both operational sustainability and educational outcomes.
Trustees regularly review governance and feedback processes to ensure the charity remains effective, inclusive and aligned with its charitable purpose.
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Low Gillerthwaite Field Centre CIO
Trustees' Annual Report (continued)
Year ended 31 August 2025
Objectives and activities (continued)
Summary of the main activities in relation to those purposes for the public benefit
Low Gillerthwaite Field Centre provides residential outdoor education for up to 40 guests in dormitorystyle accommodation. The refurbished classroom continues to support structured teaching, group work and educational delivery, with improved facilities including updated lighting and connectivity.
During the year the Centre hosted a range of schools, universities and community groups. Southgate Special Needs School undertook two residential visits in October 2024, providing young people with additional needs the opportunity to experience supported outdoor living. Whitehaven Academy, St Begh’s School and Ennerdale and Kinniside Primary School also used the Centre for residential stays. Rossall School brought A-Level Geography students for fieldwork and coursework, utilising the surrounding landscape for independent study.
The University of Cumbria used the Centre in November 2024 and again in March 2025 for outdoor educator training programmes, supporting the development of future practitioners in outdoor learning.
In August 2025, LGFC hosted a residential programme for care leavers, offering a safe environment focused on resilience, confidence and personal development.
Educational resources available at the Centre include an established orienteering course, pond dipping equipment, nature identification materials and guided outdoor learning activities. These are designed to support practical engagement with the natural environment and promote environmental awareness.
The Centre continues to operate sustainably through its micro-hydro system, solar panels and biomass boiler. Development work during the year included continued progress on the sensory pathway and community allotment areas, supporting both educational use and wellbeing objectives.
Trustees actively seek feedback from visiting groups and use this to inform ongoing improvements to facilities and programme delivery.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
Policy on social investment including program related investment
The charity does not hold formal social investments or programme-related financial investments.
LGFC seeks grant funding where appropriate to support specific projects and infrastructure improvements. All income, including grant funding and booking revenue, is applied directly to furthering the charity’s objectives and maintaining the Centre.
During the year, funds were reinvested into improving facilities and strengthening the Centre’s educational provision, including continued development of the classroom environment and structured learning resources for visiting schools.
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Low Gillerthwaite Field Centre CIO
Trustees' Annual Report (continued)
Year ended 31 August 2025
Objectives and activities (continued)
Contribution made by volunteers
Volunteer support remains central to the operation and development of LGFC.
During the year, volunteers from the Decommissioning Alliance (TDA) and associated partners provided practical support through organised volunteer days. This included maintenance works, painting, infrastructure improvements, development of the sensory pathway, installation of benches and wildlife features, and support for the allotment area.
TDA and Sellafield-linked graduates contributed both professional expertise and practical labour to environmental and site development projects.
LGFC also supported Duke of Edinburgh (DofE) volunteers, who contributed time to maintenance and outdoor improvement tasks as part of their award requirements. These placements provide young people with structured volunteering opportunities while directly benefiting the Centre.
Local community members and charity supporters contributed through working days and ongoing maintenance support.
The time and expertise given by volunteers represent a significant in-kind contribution and materially strengthen the Centre’s ability to deliver its charitable objectives.
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Low Gillerthwaite Field Centre CIO
Trustees' Annual Report (continued)
Year ended 31 August 2025
Achievements and performance
Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.
During the year LGFC continued to provide residential outdoor education and training opportunities for schools, universities and community groups.
Southgate Special Needs School undertook two residential visits, providing young people with additional needs the opportunity to experience supported outdoor living in a safe environment. These visits supported confidence building, independence and social development beyond the classroom setting.
Local schools including Whitehaven Academy, St Begh’s School and Ennerdale and Kinniside Primary School used the Centre for residential stays focused on team building, environmental learning and personal development. Rossall School brought A-Level Geography students for field studies, enabling practical coursework in a remote natural setting.
The University of Cumbria used the Centre on two occasions to support the training of outdoor educators, contributing to the development of future practitioners in outdoor education.
In July 2025, LGFC hosted the Brilliant Cumbria finale, bringing together young people from across West Cumbria to reflect on their development and explore themes of leadership, community and environmental connection. The event demonstrated the Centre’s capacity to support collaborative regional initiatives focused on youth development.
In August 2025, LGFC hosted a residential programme for care leavers. This provided structured outdoor experiences aimed at building resilience, confidence and peer support for young people transitioning towards independence.
Infrastructure improvements supported delivery throughout the year. Volunteer contributions enabled continued development of the sensory pathway, allotment areas and general site maintenance, improving both safety and visitor experience.
LGFC’s sustainable energy systems — including hydro, solar and biomass — continue to reduce environmental impact while providing practical examples of renewable energy in use.
Through these activities, LGFC has continued to provide accessible, nature-based educational experiences that support personal development, environmental awareness and community resilience in West Cumbria.
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Low Gillerthwaite Field Centre CIO
Trustees' Annual Report (continued)
Year ended 31 August 2025
Achievements and performance (continued)
Achievements against objectives set
During the year LGFC continued to strengthen engagement with local and regional schools through residential stays and educational use of the Centre.
Schools using the Centre during the reporting period included Southgate Special Needs School (two residential visits), Whitehaven Academy, St Begh’s School and Ennerdale and Kinniside Primary School. Rossall School also utilised the Centre for A-Level Geography fieldwork, supporting curriculumbased study in a natural environment.
The refurbished classroom and established outdoor learning resources, including the orienteering course and environmental study equipment, supported structured educational delivery and enhanced the quality of visits.
In July 2025, LGFC hosted the Brilliant Cumbria finale, bringing together young people from across West Cumbria to reflect on leadership, community and environmental themes. While not a school residential, this event strengthened the Centre’s relationships with regional partners and reinforced its role as a venue for youth development initiatives.
These activities demonstrate sustained and diversified educational use of the Centre during the reporting period.
Performance of fundraising activities against objectives set
Objective: Support LGFC operations and its mission to provide accessible outdoor education.
During the year the charity continued to seek grant funding and partnership support to strengthen financial sustainability and support infrastructure development.
LGFC benefited from continued support from the Decommissioning Alliance (TDA) and associated partners, including both financial contributions and significant volunteer time. This support enabled continued site improvements and enhanced delivery capacity.
The charity also pursued grant opportunities to support specific projects and educational development. Income generated through bookings remains the primary source of operational funding, supplemented where possible by grants and partnership contributions.
Trustees have focused on broadening funding streams in preparation for the conclusion of the Royal Logistics Corps MoU in April 2026, ensuring that future income is diversified and aligned with the charity’s developing educational and wellbeing focus.
Overall, fundraising activity during the year supported operational stability and infrastructure improvements while strengthening long-term resilience.
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Low Gillerthwaite Field Centre CIO
Trustees' Annual Report (continued)
Year ended 31 August 2025
Achievements and performance (continued)
Investment performance against objectives
During the year the charity continued to invest in infrastructure improvements to support safe delivery of its educational activities and strengthen long-term sustainability.
The primary objectives were to enhance facilities for educational use, maintain safe accommodation and site infrastructure, and strengthen partnerships that contribute to the charity’s resilience.
Support from the Decommissioning Alliance (TDA) and associated volunteer groups enabled continued maintenance works, improvements to internal and external areas, and further development of the sensory pathway and allotment areas. These improvements enhanced both the visitor experience and the Centre’s capacity to deliver structured outdoor education.
Ongoing attention was given to site maintenance, energy systems and safety oversight to ensure that the Centre remains fit for purpose and compliant with health and safety expectations.
Through these targeted improvements and partnerships, the charity continued to strengthen its infrastructure and delivery capability in line with its strategic objectives.
Financial review
Review of the charity's financial position at the end of the period
During the year total incoming resources amounted to £117,857, (2024 £121,113). Resources expended in the year amounted to £93,258 (2024 £119,752). This resulted in a surplus for the year of £24,599 (2024 £1,361). Unrestricted funds have increased to £57,189 (2024 £32,590) and restricted funds remain at Nil (2024 £0) having had no movement in the year.
Statement explaining the policy for holding reserves stating why they are held
For this financial year reserves were reduced from £40,000 to £12,500 to release funds for the lease negotiations. This was approved in committee meetings with the understanding that once the lease was finalised, we would work to building up our reserves again. The £12,500 was to account for costs to contribute towards any potential closure of the charity.
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Low Gillerthwaite Field Centre CIO
Trustees' Annual Report (continued)
Year ended 31 August 2025
Explanation of any uncertainties about the charity continuing as a going concern
The trustees have considered the charity’s financial position and future income streams in assessing its ability to continue as a going concern.
The charity operates under a five-year lease, providing medium-term security of tenure. While the lease term limits access to certain longer-term capital grants, it provides sufficient operational stability for the foreseeable future.
The Memorandum of Understanding with the Royal Logistics Corps Trust remains in place until April 2026. Trustees recognise that the conclusion of this agreement will reduce guaranteed income and have therefore focused on diversifying revenue through increased school engagement, university bookings, community partnerships and grant applications.
Like many organisations, the charity continues to monitor rising operational costs, including utilities and maintenance. However, sustainable energy systems and volunteer support help mitigate some of these pressures.
Based on current projections, ongoing bookings and partnership support, the trustees consider the charity to be a going concern and believe it is well positioned to continue delivering its charitable objectives.
The charity's principal sources of funds (including any fundraising)
The charity’s principal sources of income during the year were:
Residential bed-night fees from schools, universities, military units and community groups
Income received under the Memorandum of Understanding with the Royal Logistics Corps Trust
Financial support from the Decommissioning Alliance (TDA) and associated partners
Grant funding secured for specific projects
Feed-in tariff income generated through renewable energy systems
Donations and community contributions
Income generated through bookings remains the primary source of operational funding, supplemented by partnership support and grant income where available.
Investment policy and objectives including any social investment policy adopted
We have a savings account, however due to ongoing legal negotiations no funds have been added to it during this financial period.
A description of the principal risks facing the charity
The trustees regularly review risks that could affect the charity’s sustainability and delivery.
A principal risk is income concentration, particularly in light of the Royal Logistics Corps Memorandum of Understanding concluding in April 2026. Trustees are actively mitigating this risk by broadening engagement with schools, universities, community groups and grant funders.
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Low Gillerthwaite Field Centre CIO
Trustees' Annual Report (continued)
Year ended 31 August 2025
The charity operates from a five-year lease. While this provides medium-term stability, it may limit access to certain long-term capital funding streams. Trustees continue to plan strategically within this framework.
Operational risks include rising maintenance and energy costs and the reliability of off-grid infrastructure systems. Ongoing monitoring, preventative maintenance and volunteer support help reduce exposure to these risks.
The trustees believe that these risks are understood and are being managed appropriately.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Mr P Muir Trustee
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Low Gillerthwaite Field Centre CIO
Independent Examiner's Report to the Trustees of Low Gillerthwaite Field Centre CIO
Year ended 31 August 2025
I report to the trustees on my examination of the financial statements of Low Gillerthwaite Field Centre CIO ('the charity') for the year ended 31 August 2025.
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 Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
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 accounts to be reached.
Susannah Nixon Lamont Pridmore Chartered Accountants Milburn House 3 Oxford Street Workington Cumbria CA14 2AL
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Low Gillerthwaite Field Centre CIO
Statement of Financial Activities
Year ended 31 August 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 36,471 | 36,471 | 1,245 |
| Charitable activities | 5 | 81,386 | 81,386 | 119,733 |
| Investment income | 6 | – | – | 135 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 117,857 | 117,857 | 121,113 | |
| ================================ | ================================ | ================================ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 7,8 | 93,258 | 93,258 | 119,752 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 93,258 | 93,258 | 119,752 | |
| ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net income and net movement in funds | 24,599 | 24,599 | 1,361 | |
| ================================ | ================================ | ================================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 32,590 | 32,590 | 31,229 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 57,189 | 57,189 | 32,590 | |
| ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 14 to 20 form part of these financial statements.
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Low Gillerthwaite Field Centre CIO
Statement of Financial Position
31 August 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 5,588 | 6,574 |
| Current assets | |||
| Debtors | 14 | 672 | 1,203 |
| Cash at bank and in hand | 55,871 | 56,667 | |
| --------------------------- | --------------------------- | ||
| 56,543 | 57,870 | ||
| Creditors: amounts falling due within one year | 15 | 4,942 | 7,854 |
| --------------------------- | --------------------------- | ||
| Net current assets | 51,601 | 50,016 | |
| --------------------------- | --------------------------- | ||
| Total assets less current liabilities | 57,189 | 56,590 | |
| Creditors: amounts falling due after more than one year | 16 | – | 24,000 |
| --------------------------- | --------------------------- | ||
| Net assets | 57,189 | 32,590 | |
| =========================== | =========================== | ||
| Funds of the charity | |||
| Unrestricted funds | 57,189 | 32,590 | |
| --------------------------- | --------------------------- | ||
| Total charity funds | 17 | 57,189 =========================== |
32,590 =========================== |
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Mr P Muir Trustee
Mr J Harriman Trustee
The notes on pages 14 to 20 form part of these financial statements.
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Low Gillerthwaite Field Centre CIO
Notes to the Financial Statements
Year ended 31 August 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Low Gillerthwaite Field Centre, Ennerdale, Cleator, Cumbria, CA23 3AX.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the use of estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Any estimate that has a degree of uncertainty or where judgement has been exercised in a particular area is expressly disclosed within the relevant accounting policy.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Low Gillerthwaite Field Centre CIO
Notes to the Financial Statements (continued)
Year ended 31 August 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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Low Gillerthwaite Field Centre CIO
Notes to the Financial Statements (continued)
Year ended 31 August 2025
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
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Low Gillerthwaite Field Centre CIO
Notes to the Financial Statements (continued)
Year ended 31 August 2025
3. Accounting policies (continued)
Financial instruments (continued)
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 36,111 | 36,111 | 585 | 585 |
| Subscriptions | ||||
| Subscriptions | 360 | 360 | 660 | 660 |
| --------------------------- | --------------------------- | ----------------------- | ----------------------- | |
| 36,471 | 36,471 | 1,245 | 1,245 | |
| =========================== | =========================== | ======================= | ======================= | |
| Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Sale of goods/services as part of | ||||
| direct charitable activities | 81,386 | 81,386 | 105,633 | 105,633 |
| Forestry England settlement | – | – | 14,100 | 14,100 |
| --------------------------- | --------------------------- | -------------------------------- | -------------------------------- | |
| 81,386 | 81,386 | 119,733 | 119,733 | |
| =========================== | =========================== | ================================ | ================================ |
5. Charitable activities
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Low Gillerthwaite Field Centre CIO
Notes to the Financial Statements (continued)
Year ended 31 August 2025
6. Investment income
| Unrestricted | Total Funds | Total Funds | Unrestricted |
Total Funds | ||
|---|---|---|---|---|---|---|
| Funds | 2025 | Funds |
2024 | |||
| £ | £ | £ | £ | |||
| Bank interest receivable | – | – | 135 |
135 | ||
| ============== | ============== | ============== | ============== | |||
| 7. | Expenditure on charitable activities by fund type | |||||
| Unrestricted | Total Funds | Unrestricted |
Total Funds | |||
| Funds | 2025 | Funds |
2024 | |||
| £ | £ | £ | £ | |||
| Field Centre activities | 88,588 | 88,588 | 97,566 |
97,566 | ||
| Support costs | 4,670 | 4,670 | 22,186 |
22,186 | ||
| --------------------------- | --------------------------- | -------------------------------- | -------------------------------- | |||
| 93,258 | 93,258 | 119,752 |
119,752 | |||
| =========================== | =========================== | ================================ | ================================ | |||
| 8. | Expenditure on charitable activities by activity type | |||||
| Activities | ||||||
| undertaken | Support | Total funds |
Total fund | |||
| directly | costs | 2025 |
2024 | |||
| £ | £ | £ | £ | |||
| Field Centre activities | 88,588 | – | 88,588 |
97,566 | ||
| Governance costs | – | 4,670 | 4,670 |
22,186 | ||
| --------------------------- | ----------------------- | --------------------------- | -------------------------------- | |||
| 88,588 | 4,670 | 93,258 |
119,752 | |||
| =========================== | ======================= | =========================== | ================================ | |||
| 9. | Net income | |||||
| Net income is stated after charging/(crediting): | ||||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Depreciation of tangible fixed assets | 986 | 1,160 | ||||
| ============== | ======================= | |||||
| 10. | Independent examination fees | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Fees payable to the independent examiner for: | ||||||
| Independent examination of the financial statements | 2,960 | 2,960 | ||||
| ======================= | ======================= | |||||
| 11. | Staff costs | |||||
| The total staff costs and employee benefits for the reporting period are analysed as | follows: | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Wages and salaries | 31,943 | 31,632 | ||||
| =========================== | =========================== | |||||
| The average head count of employees during the year | was | 1 (2024: | 1). |
- 18 -
Low Gillerthwaite Field Centre CIO
Notes to the Financial Statements (continued)
Year ended 31 August 2025
11. Staff costs (continued)
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13. Tangible fixed assets
| Plant and | ||
|---|---|---|
| machinery | ||
| £ | ||
| Cost | ||
| At 1 September 2024 and 31 August 2025 | 7,734 | |
| ======================= | ||
| Depreciation | ||
| At 1 September 2024 | 1,160 | |
| Charge for the year | 986 | |
| ----------------------- | ||
| At 31 August 2025 | 2,146 | |
| ======================= | ||
| Carrying amount | ||
| At 31 August 2025 | 5,588 | |
| ======================= | ||
| At 31 August 2024 | 6,574 | |
| ======================= | ||
| Debtors | ||
| 2025 | 2024 | |
| £ | £ | |
| Trade debtors | 672 | 1,203 |
| ============== | ======================= | |
| Creditors: amounts falling due within one year | ||
| 2025 | 2024 | |
| £ | £ | |
| Trade creditors | 390 | 1,700 |
| Accruals and deferred income | 3,966 | 3,823 |
| Social security and other taxes | 586 | 566 |
| Other creditors | – | 1,765 |
| ----------------------- | ----------------------- | |
| 4,942 | 7,854 | |
| ======================= | ======================= | |
| Creditors: amounts falling due after more than one year | ||
| 2025 | 2024 | |
| £ | £ | |
| Trustee loans | – | 24,000 |
| ============== | =========================== |
14. Debtors
15. Creditors: amounts falling due within one year
16. Creditors: amounts falling due after more than one year
- 19 -
Low Gillerthwaite Field Centre CIO
Notes to the Financial Statements (continued)
Year ended 31 August 2025
17. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 September | 31 August | |||
| 24 | Income | Expenditure | 25 | |
| £ | £ | £ | £ | |
| General funds | 20,090 | 117,857 | (93,258) | 44,689 |
| Reserve Funds | 12,500 | – | – | 12,500 |
| --------------------------- | -------------------------------- | --------------------------- | --------------------------- | |
| 32,590 | 117,857 | (93,258) | 57,189 |
|
| =========================== | ================================ | =========================== | =========================== | |
| At | ||||
| 1 September | At | |||
| 24 | Income | Expenditure | 31 August 25 | |
| £ | £ | £ | £ | |
| General funds | 18,729 | 121,113 | (119,752) | 20,090 |
| Reserve Funds | 12,500 | – | – | 12,500 |
| --------------------------- | -------------------------------- | -------------------------------- | --------------------------- | |
| 31,229 | 121,113 | (119,752) | 32,590 |
|
| =========================== | ================================ | ================================ | =========================== | |
| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2025 | |||
| £ | £ | |||
| Tangible fixed assets | 5,588 | 5,588 | ||
| Current assets | 56,543 | 56,543 | ||
| Creditors less than 1 year | (4,942) | (4,942) |
||
| Creditors greater than 1 year | – | – | ||
| --------------------------- | --------------------------- | |||
| Net assets | 57,189 | 57,189 | ||
| =========================== | =========================== | |||
| Unrestricted | Total Funds | |||
| Funds | 2024 | |||
| £ | £ | |||
| Tangible fixed assets | 6,574 | 6,574 | ||
| Current assets | 57,870 | 57,870 | ||
| Creditors less than 1 year | (7,854) | (7,854) |
||
| Creditors greater than 1 year | (24,000) | (24,000) |
||
| --------------------------- | --------------------------- | |||
| Net assets | 32,590 | 32,590 | ||
| =========================== | =========================== |
18. Analysis of net assets between funds
- 20 -
Low Gillerthwaite Field Centre CIO
Management Information
Year ended 31 August 2025
The following pages do not form part of the financial statements.
- 21 -
Low Gillerthwaite Field Centre CIO
Detailed Statement of Financial Activities
Year ended 31 August 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 36,111 | 585 |
| Subscriptions | 360 | 660 |
| --------------------------- | ----------------------- | |
| 36,471 | 1,245 | |
| --------------------------- | ----------------------- | |
| Charitable activities | ||
| Sale of goods/services as part of direct charitable activities | 81,386 | 105,633 |
| Forestry England settlement | – | 14,100 |
| --------------------------- | -------------------------------- | |
| 81,386 | 119,733 | |
| --------------------------- | -------------------------------- | |
| Investment income | ||
| Bank interest receivable | – | 135 |
| -------------- | -------------- | |
| -------------------------------- | -------------------------------- | |
| Total income | 117,857 | 121,113 |
| ================================ | ================================ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Wages and salaries | 31,943 | 31,632 |
| Rent | 200 | 200 |
| Rates and water | 2,991 | 2,884 |
| Light and heat | 10,890 | 12,916 |
| Repairs and maintenance | 15,451 | 16,539 |
| Insurance | 3,367 | 6,496 |
| General consumables | 5,179 | 4,184 |
| Fuel for generator | 9,477 | 11,078 |
| Generator hire | – | 4,292 |
| Website and software costs | 1,340 | 563 |
| Legal and professional fees | 4,670 | 22,186 |
| Telephone | 2,255 | 2,139 |
| Administrative expenses | 4,376 | 3,240 |
| Depreciation | 986 | 1,160 |
| Advertising | 133 | 243 |
| -------------------------------- | -------------------------------- | |
| 93,258 | 119,752 | |
| -------------------------------- | -------------------------------- | |
| --------------------------- | -------------------------------- | |
| Total expenditure | 93,258 | 119,752 |
| =========================== | ================================ | |
| --------------------------- | -------------------------------- | |
| Net income | 24,599 | 1,361 |
| =========================== | ================================ |
- 22 -
Low Gillerthwaite Field Centre CIO
Notes to the Detailed Statement of Financial Activities
Year ended 31 August 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Field Centre activities | ||
| Activities undertaken directly | ||
| Wages and salaries | 31,943 | 31,632 |
| Rent | 200 | 200 |
| Rates and water | 2,991 | 2,884 |
| Light and heat | 10,890 | 12,916 |
| Repairs and maintenance | 15,451 | 16,539 |
| Insurance | 3,367 | 6,496 |
| General consumables | 5,179 | 4,184 |
| Fuel for generator | 9,477 | 11,078 |
| Generator hire | – | 4,292 |
| Website and software costs | 1,340 | 563 |
| Telephone | 2,255 | 2,139 |
| Administrative expenses | 4,376 | 3,240 |
| Depreciation | 986 | 1,160 |
| Advertising | 133 | 243 |
| --------------------------- | --------------------------- | |
| 88,588 | 97,566 | |
| --------------------------- | --------------------------- | |
| Governance costs | ||
| Accountancy fees | 3,201 | 4,286 |
| Legal and other professional fees | 1,469 | 17,900 |
| ----------------------- | --------------------------- | |
| 4,670 | 22,186 | |
| ----------------------- | --------------------------- | |
| --------------------------- | -------------------------------- | |
| Expenditure on charitable activities | 93,258 | 119,752 |
| =========================== | ================================ |
- 23 -