Charity number- 1195877 THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Armstrongwatson. Accountants, Business G Finanoal Advisers
THE CHRISTIAN O[D00R PURSUITS TRUST CIO CONTENTS Page Referenc• and administrative detsils of the CIO. its Tnta•S and advise Trustees. report Indendent examinerf$ r¢p¢rt Statgment of financial activitiès 9-10 Balance sh••t 12 Notes to the finan¢lal statsments 13-24
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO REFERENCE AND ADMINISTRATIVE DETAILS OF THE CIO. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OECEMBER 2024 Tru$t88s Mr K M Rigg, Chair Mr AW Oxley, Trustee Mr J S Gaun( Trustee Mr S Brarthwdite, Trustee Ms C E Leggett, Trustee Mr L Potts. Trustee Ms C Amold, Trustee (appointed 19 October 2024) Ms M Jackson. Trustee (appointed 19 October 2024) Charity registered number 1195877 Prfn¢ipal office Bassenfell Manor Chrislian Centre Bassenthwarte Keswck Cumbria CA12 4RL Page 1
THE CHRISTIAII OUTI)OOR PURSUITS TRUST CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The TTUStees Psent their annual report togetherbwth the finanrial statements of the CIO for the year 1 January 2024 to 31 December 2024. Objedives and activities a. Policies and objectives The purposes of the CIO are the promotion and advancement of the Christian faith for the benefft of the public in ac¢ordan¢e wrth the Statement of Faith. primarity. but not exdu%vety, by pwding.. lal facilitie5, instruction (including courses) and superwsion for outdoor pursuits and other recreational activities which promote character building, emotional and spiritual resilien¢e, and leadership skills, particularly for young people", Ibl resident'al accommodation and farilib.es wth a Christian ethos suitable for groups or individuals of all ages which provide opportunrties to receive teaching about the Christian farth,. (¢1 residential a¢¢ommodab"on wth a Christian ethos for recreation, relaxation and spiritual refreshment., Idl aid, assistance and support for the work of Christian Adventure Holidays CIO, subject always to the Christian Adventure Holidays having and continuing lo have excFusively ¢harilable objects, induding the provision of subsidised adventu holidays for young people wlhin a Christian environment and ethos,. and lel support lo schools and church youth groups in the local community through School assemblies and other Christian teathing. The activits'es a based mainty at Bassenfell Manor. a residential facthty owned and operated by the Trust. b. Employee involvement Trustsas The commitment and dedication of all trustees is aCknedged give generou51y of their time and expertise. Cathryn Amold and Melanie Jackson We appointed as addilional trustees on 19 Odober 2024. Management The operations of the Trust al Ba5serrfell Manor ¢onb"nue to be managed by Iwo couptes one of vthom rs always in residence. Mark and Debbie nsWOrth continue in their respective roles of Head of Centre and Hospitality Manager with Chris and Chrissi Ingram in their roles of FaulrtJ"es Manager and Administratiot) Manager respectively. Trvslees and guests remain extremely grateful to the Ithole management team for all their Contributions to the life and running of the Manor. They frequenuy go the extra mile and their servant- heartedness, commitment and fleXI'1ty are very muth appreciated and valued. Trv5tees have also become increasingly aware that the workload of the management team has increased and in order to provide continuity. resilience and further development, a recruitment process for an addib.onal management couple wll commence in 2025. We are also grateful to the part-time members of stsff vtho conts.nue to farthfvlly serve the Manor and the guests through all they do visibly and in the background. Volurrteers The Trustees and Managers also recognise. real gratitude. the conSiderae and ongoing practical contribijlion made by volunteer5 and Friends of Basserrfell Manor. both in terms of maintsining the building and grounds and in assisting with activrties and events. Page 2
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEPABER 2024 Objectives and activitie5 {¢ontinu8d) c. Main activitie5 undertakèn to further the CIO'S purposes for the public bon•fft The prime aim of the Trust remains the wellbeing. both physical and spiritual. of all who uge Bassenfell Mar50T. 11 is encouraging to receive feedba(* from both gTOUPS and indiwduals, which reassure us that this objective 15 being achieved. A sample of the poS¥e comments is induded at the end of this section. We continue to give God praise and thanks for His goodness and provision over this last year. During the year the Trust has continued to seek the achievement of its charitable objectives for the public benefit in the following Principal vrdys= Ba55enfell Manor has been open lo, and its faultties available for. a wide spedrum of users, both in groups and as individuals and with guests coming from all parts of the ¢ounty- Groups and individuals of all backgrounds have been welcomed and have enjoyed the facilities available. AJI guests have benefrtted from the good qualty budget accommodats.on provided and the activib"e5 offere<l. There was agreement from all trustees that all activities currentty undertaken by COPT and BMCC fell within the objectives as detailed in the conslilution. Activities offered this year have induded 5uperMsed outdoor acbvities $u¢h as archery, bushcraft. canoeing, low and intemediate level felWalkIng, gorge scrambling. kayaking, nature walks, orienteering, rock- climbing and other rope based activrties., along various team challenges. Schools have enthusiastically returned lo enjoy the facilities at Bassenfell Manor for temFtime mtd-week breaks and new schools have been welcomed. Thirteen schools have come lo Bassenfell for actsM"ty SIdenti visrts," wth four community engagement days. Five Bassenfell cated holiday theeks were held during the year vthich were organised by staff at the Manor and gave the participants the opportunity to be physically and spiritualty refreshed, and to enjoy outdoor activities such as fell-wdlking at different levels and archery. The Trust prowdes employTrenl, both directy and indirecty. for local people. By attracting more than 8100 guesvnights to the Lake District in the reporb.ng period, the Trust has contn"buled lo the local economy. This is less than in 2023 because the manor was shut down at the end of the yearfor the rewiring project. l users of Bassenfell Manor are inviled to consider spirrtual. ethical and lrfe issues through the varied ministry offered by the resiilent staff. Good relab"onships wth local sthools conb.nue and there is still a watling list for schools lo use and stay at the Manor. The schools took the opportunty to partake in a communrty engagement day. There has been an encouraging level of feedback and some of this is induded below. Groups On behalf of our Group. I would just like to Say vthat a wonderfvl time had again at Bassenfell Manor, last week. The Christian fellowship was amazing. it really is such a special place. Thanks lo all of you for all your hard work over the wnter months, to make it an even better experience for everyone. We all had a great time thanks and the glorious weather a al bonus. Thank you for all working so hard lo be Teady for our wsil. Lots of great cornments from our group- loved how bright and dean everywhere was, the new carpets were so nice to walk on, and there was a great sense of peace in the place. Everything went well and thank you for being a great help and for providing fantastic accommodatson. We appreriate you and your staff.1 Thank you for a truly vnnderful stsy at Bassenfell kq5t ¥ekend. Everyone said 8t an incredible lime of refreshing it was. Firstly, we would really like to pass on our huge thanks to all the team at Bassenfell Manor. Yet again. we had such an am32ing. fantastic week away wth our church family and God Certainly moved in an amazing way. We thoroughly enjoyed our stay and thank you for your hospitality. Page 3
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 ObJe¢tives and activities (continueill Thank you so so much again to you all for a Mnnderful weekend. Il's been powerful and wonderful for us as a church. I love Bassenfell. Its arsome {sec}- from a child Vising wth a group I love Bassenfell it 15 my fave Flace in the wtyld- from a child age 10 visibng with a group Schools The children had a wondeffvl time and definitety wanted lo stay longerll Thank you for a 9 lime, the children loved it. l just wanted to extend a thank you to you and all of the staff involved in the residential. The actiwties were gat, food excellent and a great time wa5 had by all. Please pass on our thanks to all involved. Our experience at Bassenfell was brilliant- I couldnl fault rt at alll The staff were friendly, enthusiastic and made SUGh an effort with the children. It blew us away how quickly they managed to leam all their name51 They were also extremely understanding and catered for any needs. The actsw"ts"es were brilliant and en¢ouraged all the children lo persevere and develop their sell-confidence and esteem. Everything ran so smoothtyl All staff We wonderful- our children had a great timel Holidays Sending a big thank you to yOUTseW and the rest of the team for the September walking week. I had fantsslic week. Debbie was amazing in supporting me th my lactoseldairy free food th my dairy intolerance. Wonderful break in happy and informal surroundings. vthh chri5b.an ethos obvious. There is such care for individual needs especialty regarding diets + special needs - 1¢h is amazingly rernembed even after 6 months or a year- Just like a family- Thank you. I love staying at Bassenfell as is like my second home. The fellowship of fn.ends is wonderful. I go home with ffly mind peaceful and my soul renewed. Long live Bassenfell. Amen Coming to Bassenfell as a wdow has been a great bles5ingl I have made new fn.ends and love to share fellowship wth old + new fn'ends each b.me I corne. l am not as able as I was with stiff knees + hip5- bul still feel encouraged to come again. There is always great care to include + support people Itho need that extra bit of care- and this attitude is 'catching' _ sending us home with rn0 understanding of each otherfs need5 and that of the community we are retuming to. Even though we are rets.red it is a welcome break from the pressLtres of life, lo have the peace and relax th fellow Christians, have their fdlowship and also to have 5pirrtual input and refreshing Once again I have found the holiday al Bassenfell of great benefit. The dear Bible teaching has helped me in my Christian faith and the well led walks have been a joy to be part of - thank you. I have had a lovety holiday. Peop4e are very friendty. I wll come again. Bassenfell has a calm and caring atrnosphere. The description of each iAlk exceptional. Thank you for a great holiday. The Trustees have complied under their duty in the Charities Act to have regard to the public benefit guidance. published by the Charity Commission in December 2013, '%then exercising any powers or duts'es lo which the guidance is relevany. The Trustees confirm that they have Corn1ed vthh the chariti.es (Accounts and Reports) Regulations 2008 requiring charty trustees to include a statement in their trustees, annual report as to whether they have complied wth that duty. In setting obieclives and planning for acb'vities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. including the guidance 'Public benefit running a charity IPB21'. Page 4
THE CHRISTIAN OUTtXX)R PURSUITS TRUST CIO TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 310ECEMBER 2024 A¢hievements and perfomiance . Main achievements of the CIO TFie Manor continues lo WelMe both new and tUrnIng guests. some of vknich have been coming for many years and the comments received are testament to the teasons for this. As with the previous year and due lo the available stsffing leve15 ddiberate action was tsken to leave empty space between major bookings, primarily to allow for adequate deaning of the building. In addition. the Manor dosed in November 2024 for a winter shut down to peTmit a fvll rewiring of the Manor and other internal works. This has resulted in a small decrease from 2023 in the number of nights the bvilding s occupied, total bed nights, and total guests. However there has been an increase in school group5 and other mioknek bookings showing the Manor is being used more consistenty. The management team, wth the help of a commrtted group of freelancers who subscribe to the ethos Of BMCC, continue lo be instrumental in promding a postbve experience for all types of guests. The feedback received, and detailed above. is evidence of the benefft refzived by a wde range of users. It has also been encouraging to achieve 3 balanced budget for the year and remain gratefvl to God for his generous provision and to our management team for their hard work. dedication, and flexibilty. It was encouraging to be able again to welcome Christian Adventure Holidays for their normal programme of summer activities wth a training week and four holiday weeks. and to be able to support them in this. The holiday week5 were well attended, and the Manor remains an ideal venue for them to be based. Two trustees from eath charity meet hmce a year to share and discuss items of mutual interest and operate under a regularty reviewed memorandum of understanding belween COPT and CIO. The Head of Centre also liaises regularty th the CAH team parbcularty around the use of the Manor for the summer activities. Many of the schools we had previously develcped g(x)d relationships retumed to vs for activity residential stays during the year and there were extra opportunities wth schoo15 who had never used us before but had heard of our work through other school contsGis. Over the year have improved access and updated outdoor activity provision which will be of parb"cular benefit to school groups. This indudes an improve<1 coach tuming space and re-pmmsion and r&siting of the rjate stacking ath.vrty and tree dimb. The Manor bLtilding and grounds have been ¥11 looked after and maintained during the year wth the input of our facilities manager and the grounds per. The delivery of the project plan that ensued from the 2022 strategic review of the use of the BMCC estate is ongoing_ During 2024 the window placement programme has continued and will be Gompleted in 2025. The Manor was dosed to booking over wnter 2024125 to allow a complete rewring of the Manor along with some assorialed intemal works. Storm Isha in January 2024 resulted in some roof damage and whilst the scaffold wa5 up has given the opportunity to undertake further required roofing and chimney works. Twstees have met quarterty over the year in person or by Zoom to ensure Ihat, not only are the Trust's activities in pursuf( of its objethes and in accordance Vth its Biblical Christian ethos as defined in its onslitution, but also to ensure that they CoMY with current legislation and best practice. Their ambition is that the Trust operates to the highest standards and give5 a consistent and attractsve testimony to the Christian faith. We have been very ple85eil to appoint new trustees this year and to increase from 6 to 8 tnjstees improving our resilience, effectiveftess and diversity. Finan¢ial rnview a. Going concern After making appropriate enquiries, the TnJ51ees have 3 reasonable expectstion that the CIO has adequ*e resources to continue in operatronal existence for the foreseeable fvture. For this reason, they continue lo adopt the going Gon¢ern basis in preparing the finanaal statements. Further details regarding the adoption of the going concern basis can be found in the a¢¢ounting policies. Page 5
THE CHRISTIAN OUTDOOR PURsurfs TRUST CIO TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 b. Reseples policy The Trustees continue to believe it prudent to retain slent fvn¢Js lo meet the following contingen¢ies'. Working Capital £50k'. sufficient fvnds lo meet all financial operaling commrtments throughout the year indLtding deposits, CogniS1n9 the seasonal nature of the Trust's income., Unforeseen repair5 £75k. Many years. experience of operating a large victon.an residential propety. has shown the need to retsin funds lo meet major unforeseen repairs. Funds held in bank and building soriety accounts have inaSed by £426k to £878k over the year. Of the total fund5 held at the year end, £16K are guest deposits paid in advance. Recognising the need to retsin some £125K a5 detailed above, a balance of £753K remains available to fund the planned improvements to the Trust's faulicies. No provision has been made in the accounts for any of these items. as the monies are currendy hdd thin the Charity's bank accounts. c. Deficit None at this present time. d. Asset managom8nt The Trustees a charged vrith safeguarding the a55ets of the TTUSt and therefore continue to make provision for depreciation of assets las defined by the Trust Finanrid Strategy). This policy, allied wlh a related cash retention policy. allows the Manager scope lo operate 17hithin delegated limits) a planned replacement programme for assets required by the Tnjst. e. Opèratlng financial objectives It is the Trustees, general policy that revenues from the operab.on of Bassenfell Manor and tts facilsties should at least 'break-even'. that is, should generate enough income to meet all stsff costs and the day to day running expenses. However. due to the incidence of fiuctuating repairs and renewals expendf(ure, this financial 'break- even, may only reali51ically be achieved over a 3-5-yeaT window. A maintenance expenditure of £109K was incurred by 31 December 2024, compared to £14,016 on 31 December 2023. Funds and finances Funds of the Trnst are largety general fijnds, although. as psented in the Statement of Finartrjal Actiwts"es. some income may be restricted by the donor for a specifi¢ purpose. These Restricted Income se¥Ve$ on 31 December 2024 are £25.888 cOmpad lo £18,683 on 31 December 2023. f. Financial risk management objectives and poll¢les The trustees Continue lo monitor major risks to which the charity is exposed and regularfy review and update the systems, policies and procedures that have been put in place to mitigate those risks. There is also oversight of the risk assessments pul in place by the management team of Bassenfell Manor. Page 6
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 g. Principal funding Voluntary Incom• The Tnjst is largely sew-funding, with no appeals made lo the general publi¢ for funds. However, as a result of the spontaneous generosity of regular supporters. the Trustees wsh to record their since appreciation for donations lCh. ¥th gift aided tax recovery. amounted lo £15,941. The Trust has also been in receipt of a generous legacy which amounted to £SOO.000. Investment Income Investment Income of£20,067 from deposits was Ttt¥ed. and income from the Govemmenl's Renewable Heat Incentive IRHI) Scheme. arising from the earfier in5ts11ation of a woo¢>fvel boiler, and vthich wtll continue to benefit the Trust for many years to come. contributed £18.13312022123' £16.1041 this year. Stw¢luro1 govemance and management . Constitution The Christian Outdoor Pursuits Trust CIO is govemed by a constrtution adopted by the members on 16 September 2021 and approved by the Charity Commission on 21 September 2021 {registered charity number 11958771, whose registered address is Bassenfell Manor Christian Centre. 8assenthwaite. Keswick, Cumbria. CA12 4RL. b. Methods of appointment or election of Trustees The TDJslees serving al the date of this report are". Mr KM Rigg (Chairl, Mr SJ BrathdIte (Deputy Chairl, Mr AW Oxley (treasurer), Mr JS Gaunt (Secretary). Miss CE Leggett, Mr LGA Potts. Mrs C Amr)Id and Mrs M Jack50n. TTUStees are recruited by recommendats"on, inthalty attend meetings as shadow trustees and are appointed by a resolution passed at a properly convene<l meeting of the charity TnJstee5 and by affimiing the agreed Statement of faith. Organisational stw¢turn and decision4naking poll¢i•s This Centre is owned and operated by the Trust and provides not onty good value accommodation for h0o1$, groups, families and indiwdual$, also offers facIl"eS. training and Supervision for a range of outdoor pursuits and activities. The day-ttrday management of Bassenfdl Manor Christian Centre IBMCCI is delegated to a staff team under the leadership of the Head of Centre. The team comprises a full-time Facilities Manager, and part-ts.me managers. one responsibility for Administratson and the other for Hospitalrty. There is also a team of part- me housekeepers and maintenance staff. d. Relatsd party relati¢n$hips The Trust continues to have a close associats'on w7th chrisb.an Adventu Holidays CIO which organises holidays for teenagers and the original motivation for the purchase of Bas5enfell Manor was to provi(te a pemianent base for holidays run by Christian Adventure Holidays. The objects of the Trusts are in c105e alignment with each other, and regular joint IDJstees' meets.ngs are held. A Memorandum of Understanding bets¥een the organisations is in place to foster greater Gollaborative vrking, good communication and to help ensure the ongoing financial wability of both organisations. Page 7
THE CHRISTIAN OUTDOOR PURsurfs TRUST CIO TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Safeguarding Poll¢y A safeguarding policy is in place which 15 upjated annualty. The policy and a550ciated practice guidelines are based on the len Safe and Securè safeguarding standards published by Thirtyone."eight, fornially the Churches, Child Protection Adwsory SeNce ICCPASI. statement of Tru$te¢s' responsibilities The Trustees are responsible for pparing the Trustees. report and the finanaal statements in accordance wlh applicable law and United lQngdom A¢counkn"ng Standards {Unrted Kingdom Generally Accepted Accounting Pra¢ticel. The law applicable to charibes in England & Wales requires the TTuslees to Prepare financial statements for each financial year vthi¢h give a true and fair view of the stste of affairs of the CIO and of ils incoming resources and application of resources. in¢luding rts income and expend[lu. for that period. In preparing these financial statements, the Tnjstees are quired to.. select suitable accounting FdirAes and then appty them MnSIstenY, observe the methods and prinople5 of the Charities SORP {FRS 1021". make judgments and accounting estimates that are reasonable and prudent.. state whether applicable UK Accounting Standards IFRS 1021 have been followed, SLsbjecl to any material departures disdosed and explained in the finanaal statements.. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the CIO wll continue in business. The Twslees are responsible for keeping adequate accourting records that are sufficrenl lo show and explain the CIO'S transactions and disclose Vth reasonable accuracy at any tr'me the finanGial position of the CIO and enable them to ensure that the financial ststements compty wth the Charities Act 2011, the Charlty (Accounts and Reports) Regulations 2008 and the prowsions of Ihe Trust deed. They afe also responsible for safe9uarding the assets of the CIO and hence for ta"ng aSOnable steps for the prevention and detection of fraud and other irregularitses. Approved by order of the members of the board of Trustees and signed on their behalf by.. MrKMRigg Chair Date: 13 Page 8
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Ind¢p¢ndent examinerfs report to the Twst88s of The Christian Outdoor Pursuits Trust CIO Ilhe cio'i I report to the Charity Tnjstees on my examination of the accounts of the CIO for the year ended 31 December 2024. Rasponsibilities and basts of report As the Tru5tee5 of the CIO you are responsible for the preparation of the accounts in accordance wth the requirements of the Charities Act 2011 Cthe 2011 Art). I report in respect of my examination of the CIO'S accounts Caled out under section 145 of the 2011 Act and in carrying out my examination I have follo1 the apphcable Directions given by the Chanty Commission under seth'on 14515llbl of the 2011 Act. Independ&nt •xaminerfs statement Since the CIO'S gro55 income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 A¢1. I confimi that l am qualtfied to undertake the examination because l am a member of Institute of CharteTed Auntants in England and Wales. which is one of the listed bodie5. Your attention is drawn to the fact that the CIO has prepared the accounts in accordance with Accounting and Reporbng by Charities". Ststemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charitses". Ststement of Recommended Practice issued on 1 April 2005 which is refer lo in the extant regulation5 but has been withdra. l understand that this has been done in order for the accounts to prowde a true and fair view in accordance the Generally Accepted Accounb"ng practi effecbve for reporb.ng periods beginning on or after l January 2015. I have completeil my examination. I confirn that no matters have come to my attention in connection wth the examination giwng me cause to believe that in any material respect.. accounb.ng records re not kept in respect of the CIO as required by section 130 of the 2011 A¢t,' or the accounts do not accord WTth those records" or the accounts do not comply the applicable requirements Gonceming the fom and content of accounts set out in the chanb.es IA¢counts and Reports) Regulations 2008 othef than any requirement that the account5 give a Irue and fairf view %thich is not 3 matter considered as part of an independent examination. I have no concerns and have come across no other matter5 in connection the examination to vthich attention should be drawn in this pOrt in order to enable a Proper un¢Jerstsnding of the accounts to be reached. This report is made solely to the CIO'5 Trustees. a$ a body, in accordance Part 4 of the Charities (Accounts and Reports) Regulations 2008. My bbx>rk has been undertaken so that I might state to the CIO'S Trustee5 those matters l am required to stste lo them in an Independent examine¢s report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibilty to anyone other than the CIO and the CIO'S TTUStees as a body, for my I)rk or for this rewt. Page 9
THE CHRISTIAN OUTDOOR PURsUs TRUST CIO INDEPENDENT LXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Signed". Steven Kirkbride Dated.. 01.01. Il 8FP FCA Armstrong Watson LLP Chartered Accountarrts Carteton House 136 Gray Streel Workinglon Cumbria CA14 2LU Page 10
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unfystrl¢ted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Nots Income from: Donations and legarAe5 Other trading acb"vth"es Investments 53£074 219,376 20.067 534.074 219.376 20,067 95,538 205,869 11,417 Total In¢om• 773.517 773.517 312,824 Expenditu on: Charrtable activities 349,630 2.884 352.514 248,957 Total gxpendituve 349.630 2,884 352.514 248.957 N¢t movement in funds befor¢ othèr rocognised gainsll105se51 423.887 12.884} 421,003 63,867 Other recognised gainsl{losses): other gains 425 Net movefflent in funds 423,887 12,884) 421.003 64,292 R¢¢onciliation of funds: Total fvnds brought forward Net movement in fvnds 938,979 423,887 25.888 (2.884) 964.867 421.003 900,575 64,292 Totsl funds carried for4Yard 1.362.866 23.004 1.385.870 964,867 The Ststement of financial activits.es indudes all gains and losse5 recognFsed in the year. The notes on pages 13 to 24 fomi part of these financial stslements. Page11
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Nots Fixed assets Tangible assets 525.616 539,469 525.616 539.469 Current assèts Stocks Debtors Cash at bank and in hand 10 1.113 17,787 878,339 1,534 22,381 451,802 897,239 475, 717 Creditors.. amounts falling due vthin one year 12 (36.985) (50.319) Net Current assets 860.254 425,398 Total assets lass Current liabilities 1.385.870 964,867 Net assets excluding p•rsion asset 1.385.870 964.867 Totsl net assots 1.385.870 964.867 Charity funds Resth"cted funds UnStcted funds 13 13 23,004 1.362.866 25,888 938,979 Total ftinds 1.385.870 964,867 The financial statements V4Ere approved and authorised for issue by the Trustees and signed on their behalf by". MrKMRigg Chair Date.. 18 15 The note5 on pages 13 to 24 fom part of these financial statements. Page 12
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General infomiatlon Christian Outdoor Pursuits Trust is a tharrtable incorporated organisation. Accounting policies 2.1 Basis of pr¢parntion of financial statements The financtal statements have been prepad in accordance with the Chariti'es SORP IFRS 1021- A¢¢ounting and Reporting by Charib"es". St*ement of Recommended Practice applicable to charities preparing their accounts in accordance the Financial Repong Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20191, the Finanaal Reporb'ng Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial 5ts1ements have been prepared lo give a True and fairf view and have departed from the Charrtie5 (Accounts and Reports) Regulatsons 2008 only to the exienl required lo provide a 'true and fair, view. This departure has involved follon9 the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Chants"es". Statement ot Recommended Practice effective from 1 April 2005 which has since been withdrawn. Christian Outdoor Pursuits Trust CIO meets the definiti.on of a public benefft entity under FRS 102. Assets and liabilities are inib.alty recognised at historical cost or transaction value unless otheThMse stated in the relevant accounting pdicy. 2.2 Income l income is recognised once the CIO has entitlement to the income, il is probable that the income ill be received and the amount of income receivable can be measured lIablY. The recognition of income from legaues is dependent on estsblishing entiuement, the probability of receipt and the abilty to estimate Trmth suffiaent accuracy the amount re1¥able. Evidence of entsdement to a legacy e$tS vthen the CIO has sufficient ewdence that a gift has been left to them (through knovledge of the existence of a valid will and the death of the benefaclorl and the executor is sats"sfied that the propety in question will not be QuIred to satisfy claims in the estste. Receipt of a legacy must be recognised when rt is probable that it wll be receiveil and the fair value of the amount ceiVable, whith generalty be the expected cash amount to be distributed to the CIO, n be reliably measured. Grants are included in the Ststement of finanaal acb"wb"es on a receivable basis. The balance of income received for specific purposes but not expended during the period 15 shown in the relevant funds on the Balance sheet. Where income is re¢eived in advance of enliuement of receipt, fis recognition is deferred and induded in ueditors as deferred income. whe entitlement occur5 before income is received. the income is ac¢nJed. Income tsx recoverable relats.on to investment income is recognised at the time the investment income is revable. Page 13
THE CHRISTIAN OUTDOOR PURsurfs TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poli¢les Icontinuedl 2.3 Expenditure Expenditure FS recognised once there is a legal or constructive obligation to transfer economic benefit lo a third party, rt Is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditu is da5sified by activity. The costs of each activty are made up of the lotsl of direct costs and shared costs, including support costs involved in undertaking each actiwty- Direct costs attributable to a single activity are allocated directly to that activty. Shared costs which contn.bule to more than one a¢tivity and support costs which are not attributable lo a single activity are apportioned betsyeen those actiwlies on a basis consistent with the use of resources. Central staff costs a allocated on the basis of time spent, and depreciation charges allocated on the rts"on of the asset's use. Expenditure on chaiitable av"eS is incurred on direcdy undertaking the activib'es vthich further the CIO'S objectives. as well as any 3550uated support costs. 2.4 Govomment grants Govemment gran15 relating to tangible fixe(l a55ets are treated as deferd income and released to the Statement of financial activrties over the expected useful lives of the asset5 concemed. Other grants are credited to the Statement of finan¢ial a¢b"¥"e5 as the Telated expenditure is incurred. 2.5 Tangible fixed assets and depreciaiion Tangible fixed assets costing £500 or more are capitalised and recognised %then future economic benefits are probable and the cost or Ve of the a5sel can be measUd reliably. Tangible fixed assets are initially Tecognised at cost. After recognits"on. under the ¢ost model, tangible fixed assets are MeaSud at C05t less accumLtlated depreriab.on and any accumulated impairment losses. All costs incurred to bring a tsngible fixed asset inlo its intended working condth'on should be induded in the measurement of cost DepcIatrOn is Charged so as to aJlo¢ale the cost of tangiNe fixed assets less their residual value over their estimated u5efvl lives, Depreciation is provided on the folloving basis= Freehold propety Motor vehicjes Fixiures an(J fittings Fixiures and fittings- restricted assets Not applicable 20% Reduung balance 15% Reducing balance 7% Straight line basi$ Gains and losses on disposals are determined by comparing the proceeds wth the carrying amount and are recognised in the Stement of financial actiwties. 2.6 Stocks Stocks are valued at the lower of cost and net realisable value after maknng due allowance for obsolete and slow-momng stoi*s. Cost includes aN dire¢t ¢osts and an appropriate proportion of fixed and variable overheads. 2.7 Debtors Trade and other debtors a re¢ognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 14
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policie5 l¢onllnuedl 2.8 Cash at bank and In hand Cash al bank and in hand includes cash and sh(Nt-temi highly liquid investments with a short maturity of one year or less from the date of acquisition or opening of the deposit or similar account. 2.9 Liabilitie5 and provi510ns Li¥bilFties are COgnised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefft will be required in settlement, and the amount of the settlement ¢an be estimated reliably. Liabilib'es are recognised at the amount that the CIO anticipates (( wtll pay to settle the debt OT the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Whe the effect of the ts.me value of money is material. the provision is based on the present value of those amounts, discounted at Ihe pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the dIOunt is recognised in the Statement of *nancial ath"vilie5 as a finance cost. 2.10 Flnan¢ial instrumènts The CIO onty has financial assets and finan¢ial liabilities of a ktnd that qualify as basic financial instruments. Basic financial instruments are intbalty recognised at transaction value and subsequently measured at their settlement value the exception of bank loans vknich are 5ubsequentJy measured at amorb.sed Gosl using the effective interest method. 2.11 Fund a¢¢¢unling Gener31 funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the CIO and which have not been designated for other purposes. Restricted fvnds are funds vthich a to be used in accordance with specific restrictions imposed by donors or whith have been raised by the CIO for parts'cular purposes. The costs of raising and administering such funds are charged against the specffic fijnd. The aim and use of each restricted fund is set out in the notes to the finanual statements. Imieslment income. gains and losses are allocated to the appropriate fund. Income from donation5 and legacies Unrpstrl¢ted funds 2024 Total funds 2024 Donation5 Legacies RHI Income Gfft Aid Reclaimed 13,205 500,000 18,133 2,736 13.205 soo.ooo 18.133 2,738 534,074 534.074 Page 15
THE CHRISTIAII OUTDOOR PURSU5 TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 In¢om¢ fr¢m donations and legacies Icontinu•d Unresfricted funds 2023 Total funds 2023 Donats"ons RHI Income Gift Aid Redaimed 71,385 16. 104 8.049 71,385 16. 104 8,049 95,538 95,538 Income from othèr tradlng activities Incorne from non charitable trading activities Unrestricted funds 2024 Total funds 2024 Income from other trading acti¥ifies Bassenfell Manor Income 1,592 217.784 1,592 217,784 219,376 219.376 UnstriCted funds 2023 Total funds 2023 Income from other trading income Sales of pictures and cards Bassenfell Manor Income 629 892 629 892 204.348 204,348 205,869 205,869 Investment incoffle Unostricted fvnds 2024 Total funds 2024 Interest receIvae 20,067 20,067 Page 16
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Investment income (continued) unS11ycIed funds 2023 Total funds 2023 Interest receivable 11,417 11,417 Analysis of expenditure on charitable activities Summary by fund type VnrestTiCted Rèstricted funds funds 2024 2024 Total 2024 Direct costs 349,630 2,884 352.514 Unrestiicled funds 2023 Restricted funds 2023 Tot81 2023 Direct cost5 245,932 3,025 248,957 Analys1$ of expenditure by activities Activities undertaken directly 2024 Total fund$ 2024 Direct costs 352,514 3S2.514 Page 17
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysi$ of expenditure by activities (contlnued) Activities undertaken directly 2023 Total funds 2023 Direct costs 248,957 248,957 Analysis of dir8Ct costs Total funds 2024 Direct costs 2024 Stsff costs Depreualion Rent and Rates Light, heat and pwr InSUTance Repairs and Renewals Telephone Printing, Postage and Stationery BMCC in house expenses Svn(lry expenses Motor expenses Accountancy fees Independent Exarninerfs fees Legal and Professional fees Bank Charges Advertising Staff expenses 122.325 13.853 7.512 18.743 8,932 119,136 2.226 1,396 34.079 14.184 1.596 1,948 610 122.325 13,853 7,S12 18,743 8,932 119,136 2.226 1.396 34.079 14,184 1,596 1,948 610 1,276 1.967 344 1,276 1.967 2,387 2.387 352,514 352.514 Page 18
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of expenditure by adivities (continued) Analysis of dire¢t Costs (continued) Total funds 2023 DI¢1 costs 2023 Staff costs Depreciation Rent and Rates 10T,571 16,240 8,062 16,814 6.229 39,515 107,571 16,240 8,062 16,814 6,229 39,515 Light, he* and p)wer Insurance Repairs and Renewals k li Telephone Printing, P05tsge and Stationery BMCC in house expenses Sundry expenses Motor expenses Accountancy fees Independent Examinerfs fees Legal and Professional fees Bank Charges Advertising staff expenses 1,914 917 18.046 23,859 1,679 1,425 610 1,914 917 18,046 23,859 1,679 1.425 610 1,247 1, 186 235 3,408 1,247 1, 186 235 3,408 248,957 248,957 Staff costs 2024 2023 Wages and salaries Social security costs Contribution to defined contn"bution pension schemes 99.809 10,762 11.754 84,744 74,958 7,869 122.32$ 107,571 The average number of persons employed by the CIO during the year was as follows.. 2024 No. 2023 No. Total employees Page 19
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEM8ER 2024 Staff costs l¢onttnuedl No employee received remuneration amounting to more than £60.000 in either year. Tanylble fixed assets Freehold property Motor Fixture5 and vehicles fittings Total Cost or valuation At 1 January 2024 440,4SS 10.895 122,897 S74,247 At 31 December 2024 440.455 10,895 122.897 574,247 D•pr¢clation At 1 January 2024 Charge for the year 3.601 1.459 31.177 12,394 34.778 13.853 At 31 December 2024 5.060 43.571 48,631 Net book value At 31 December 2024 440.455 79.326 525.616 At 31 December2023 440,455 7.294 91,720 539,469 10. Stock$ 2024 2023 Raw materials and consumables 1.113 1,534 Page 20
THE CHRisnAN OUTDOOR PURsurrs TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEPABER 2024 11. D¢btors 2024 2023 Due thin on8 year Trade debtors Other debtors Prepayments and accrued income 415 16,122 8,793 8.579 6,259 17.787 22,381 12. Creditors: Amounts lalling due within one yoar 2024 2023 Trade creditors Other taxation and social security Other creditors Accruals and deferred income 6.865 9, 184 7,053 21,848 12.234 20.232 9.888 36.985 50,319 Page 21
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Statement of funds Statement of funds - current year Balance at 31 De¢ember 2024 Balance at I January 2024 In¢ome Expenditure Unrestrictsd funds General Funds 938,979 773.517 1349.630) 1.362,866 Restricted funds Biomass boiler fvnd Trust vehicle fvrKI 18.593 7.295 (1.4251 (1A59) 17.168 S,836 2S,888 12,884 23,004 Totsl of funds 964.867 T13.517 (3S2.5141 1.385,870 Page 22
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Ststement of fund$ Icontinu8dl Stat•mont of funds- prior year 8alance at 31 December 2023 Balance at 1 January 2023 Tnsfe in/out Income Expenditu Unrestrf¢ted funds General Funds 880.557 312,824 (245.507) (8,895) 938,979 Restricted fund5 Biomass boiler fund Trust vehicle fijnd 20.078 (1.425) (1.600) 18,593 7,295 8,895 20.018 (3.025) 8.895 25,888 Totsl of fvnd$ 900.575 312,824 P48,532) 964,867 14. Summary of funds Summary of funds- current year Balance at 31 D¢¢émber 2024 Balanc• at 1 January 2024 Income Expendlturg General funds Restricted fijnds 938.979 25.888 773,S17 {349,630) 1.362.866 (2.884 23.004 964.867 773,517 13S2.514) 1.385.870 Page 23
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Summary of funds {continuedl Summary of funds - prior year Balance al 31 Decembe 2023 Balance at l January 2023 Transfers in/out IncMe Expenditure General funds Restricted funds 880,557 20,018 312.824 (245.507) (3,025J (8.895J 8.895 938,979 25,888 900.575 312.624 (248,532) 964,86f 15. Analysis of net assets between funds Analysi5 of net assets betn fund5- curvent period Unrestrrctèd Restricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current 35set5 Creditors due within one year 502,612 897,239 136.9851 23.004 525,616 897,239 136,9851 Totsl 1.362.866 23,004 1.385.870 Analysis of net assets beiwt¢n funds - prior period Unrestrided funds 2023 Restncted fvnds 2023 Total funds 2023 Tangible fixed assets CLtrrenl assets Creditors due wthin one year 513,581 475, 717 f50.379J 25,888 539,469 475,717 (50,319) Total 938,979 25,888 964,867 16. Related party transaction5 An organisab.on of the following Trustees are also invofved in,. Mr S Braithvrdite, Mr J Gaunt and Miss C Leggett. During the period Christian Adventure Holidays has paid Christian Outdoor Pursuits Trust CIO a total £30,53712023 - £29,947). Page 24