Charity number: 1195877 THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Armstrongwatson. Accountants, Business & Finanaal Advisers
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO CONTENTS Page Reference and admln15trative details of th• CIO. its TnteeS and advisèrs Trustees. report Independent examinerfs report statsmont of financial activities 9-10 Balance sheet 12 Note5 to the financial ststsments 13-25
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO REFERENCE AND ADMINISTRATIVE DETAILS OF THE CIO, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees Mr KM Rigg. Chair Mr AW Oxley, Trustee Mr JS Gaunt, Trustee Mr S Brattsmaite. Trustee Miss CE Leggett. Trustee Mr LGA Potts, TTU5tee Mrs C Amold, Tnjstee Mrs M Jackson, Trustee Mr P Dix {appointed 21 June 20251 Charity registered number 1195877 Prln¢lpal offic8 Bassenfell Manor Chrislian Centre Bassenthwaite Keswck Cumbria CA12 4RL Page 1
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEM8ER 2025 The Trustees psent their report and finanual statements for the year 1 January 2025 to 31 December 2025. Objectives and a¢tlvltles of the charity The purposes of the CIO are the promots.on and advancement of the Christian faith for the benefit of the public in accordance %Mth the Statement of Faith, primarily. bul not exdusivety, by prowding." (al facilitie5, instruction {induding course5} and supervision for outdoor pursuits and other recreational activities %thich promote characteT building, emots.onal and spiritual $111ece, and leadership skills, particularly for young people.. Ibl residential accommodation and faalibes a christr.an ethos suitable for groups or individuals of all ages vthich provide opportunitses to receive teaching about the Christian faith,. Icl residenty'al accommodation a Christian eth05 for recreation. relaxab'on and spiritual refreshment., {d) aid, assistsn¢e and support for the work of Christian Adventure Holidays CIO. subject athys lo the Christs'an Adventure Hol*days having and continuing lo have exdusively charitable objects. including the provtsion of subsidised adventure holidays for young people thin a chrisb.an environment and ethts5," and support to schools and thurch youth groups in the local communrty through school assemblies and other Christian teaching. lel The activities are based mainly a18assenfell Manor. a residenb.al fality ovmed and operated by the Trust. Summary of th¢ maiTr activlties undertaken forthelr public benefit in relation to th8s• objects The prime aim of the Trust MaInS the wellbeing, both physical and spiritual, of all who use Bassenfell Manor. It Is encouraging to receive feedback from both groups and individuals. which reassure us that this obje¢tive is being achieved. A sample of the positsve comments is induded at the end of this 5eth"on. We continue to give God praise and thanks for His goodnes$ and prO510n over this last year. During the year the Trust has continued to seek the achÉevement of Jls charitable objectives for the public benefit in the followng principal Y$.. Ba5senfell Manor has been open to, and rts faalities available for. a wide spectrum of users, both in group5 and as individuals and th gue515 coming from all parts of the country. Groups and individuals of all backgrounds have been welcomed and have enjoyed the facilities available. Al guests have benefitted from the good qualty budget accommodatson provided, some of which has been upgraded over the year, and the actsvilies offered. There was agreement again from trustees that all activities cuffenlly undertaken by COPT and 8MCC fell Yh1 the objectives as detsiled in the constitution. The good relationship local schools continues. Activitres offered this year for schools, and any other group5 who want them, have induded supervised outdoor actiwts'es such a5 archery, bushcraft, canoeing, gorge scrambling, Natsonal Navigab"on Award Scheme, orienteering. ro¢k-climbing and other rope-based ath'vities, along with various team challenges. Schoo15 have enthusiastically retumed lo enjoy the facilities at Bassenfell Manor for terni-time mid-week breaks_ Eleven different schools have come lo Ba5senfell for elve activty sidential visrts wth a fvrther one coming for a day visrt. In addition, nine schools have attended community engagement events primarily for a Christmas Journey experience, although the cost of travel has limf(ed the number of Schools able to attend. Six Bassenfell catered holiday ¥kS We held during the year vknich We organi5ed by staff at the Manor and gave the participants the opportunrty lo be physically and spiritualty refreshed, and to enjoy outdoor actiVEtses such as fell-walking at different levels, archery and paddle sports. In addition, we have offered a couple of self-catering weeks for indiwdual guests to maximise the use of available weeks. The Trust prowdes employment, both directly and indir•. for lo¢al people. By attracting more than 8100 guesvnights to the Lake Distn"ct in the repong period. the Trust has contributed to the loGal economy. This is equivalent to 2024 because the manor was shut dow) at ltr>e beginning of the year for the complets.on of the rewiring Pfoje¢L All user5 of Bassenfell Manor are invited lo wn5ider spiritual, ethical and life issues through the varied ministry offered by the resident staff. In addition to irrfomal interactions been staff and guests, tren Page 2
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEIIBER 2025 during the year we've prowded". 22 evening times of praise and worship led by staff and teaching from a guest speaker during our holiday weeks 27 moming Ihoughls for the day for OLbr holiday guests 35 moming thoughts for schools 5 thoughts for the day for other gTOUPS 10 Christmas Joumey experiences for local pnmary schools. The has been an encouraging level of fee(Iback wthich emdences much of the above and some of this is included below.. Groups We had a fabulous lime at Bassenfell and everyone was blessed by Stan9 in such a wonderful place and being able to spend quality b.me togethei. As before. WOTship times V•Ere a highlight and we came away with renewed wsion and great memories. Once again, thanks again for an amazing weekend Thank you so much for a w(derfUl Vltekend! Wee all had the best time and brilliant feedback from everyone. Thank you for looking after us so well. On behalf of our Group, I would just like lo say vthat a VY)nderful time we had again at Bassenfell Manor, last week. The Christian fellowship wa5 amazing, it realty is such a speaal place. We all had a great time thanks and the glorious weather was a real bonus Thank you for all working 50 hard to be adY for our v7Sit. Lot5 of great comments from our group- loved how bright and clean everfftere was, the new carpets were so ni¢e to walk on, and there wa5 a g sense of peace in the place. My room looks much better and feels much bettervrith the new carpet. The en-suite looks like a quality hotel bathroom1 May many more people be essed heTe. I was here wth my church and was healed of 13 years of chronic illnesses. I told I'd never work, drive, live alone. But l am now doing all of these things and more! Praise God and thank you for creating space for God to movel Schools We are always so well lookeil aftef and nothing is too much trouble- thank you I the children had the most amazing experience. They loved everything about Bassenfell. Thank you so much for being so helpful. kind and caring. Thank you lo Debbie for catering for all needs. Jake was an amazing instructor built rapport the childrt and vras wonderful with a pupil vh)0 had complex needs. Had a lovely time and felt the children got so much from their time here. Thank you to all the staff - from booking lo actiwtses, 5 star. Thank you for efforts It has been wonderful Thanks for another fantssb"c experience for our pupils. You make overnight th.ps less stressfvl on school staff. We enjoy time wlth the children. My personal favourite trip. So well organised and everything funs like dockwo. The children have thoroughly enjoyed the experience. As have stsff, so thank you very mu¢hl It has been incredible! '.) A great place. all the children had an amazing lime for their first residential. All of the children have had a wondertul experience. Thank You. Really appreciate all the effort you all went to so could feel welcome. Wee all loved it. The staff wanted to say a HUGE THANK YOU for an absolutely tdntastic residential experience. The children have not stopped talking about IL l actually had a child crw.ng on Wednesday a5 they We so sad to not be at Bassenfell. Sthool staff were asked to rate various aspects of their experTrence from 1- very poor to S- excellent. Booking Process Arrival and welcome assemblieslthoughts facilities Souvenir shop Catering Instructed A¢dvltl•s Page 3
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Holidays Bassenfell Manor is my second home, where I have rnade many long stsnding In"ends. Debbie + Mark, Chris + Chrissi work hard to maintsin a homely and In"endty atmosphere at all times. They are extended family A wonderful time to be away from the busyness of daily life lo relax through physical activity while having time to wait on and hear from God's word and be spiritually challenged and blessed. Good food. friendship and fellowship satisfying and pleasing to those attending previous holidays, and lo those coming for the first time, helping us all on our joumeys of farth Thanks again for anolher wonderful holiday. Bassenfell conbnues to be an 'oasis in the desert, and encourages me to follow the Lord and to trust him in daily life. Great care 15 taken to cater for individual needs- espeaally dietary needs. Thank you ft)r your care. Thank you for a perfect stay All our needs were mel and more than expected5 Wonderfull The recent pairS, refurbishment & alieratsons rellect the dedication of the TEAM... an OLrtStanding achievement and a real blessing to the customers who come here to be looked after. Excellent + enjoyable 5 day5. well run. very friendly + helplul staffl. Very good atmosphere. The whole holiday exceeded my expectations. Everything & everybody was fantastsc. I really hope to be able to participate in luture years. Everyone was so helpful and accommodating. Nothing was too muth trouble Thank you lo all the staff at Bassenfdl for a wonderful break. Realty feel at horne when l arrive and enjoy every minute. Like the way that staff are around and part of the group. Loved the fellowship and locats.on Certainly did have a wonderful ts"me', my thanks to each one of you. you a all very special and much appreciated. What an amazing week! Ie enjoyed rt more than I could possibty imagine in advance and can't thank you all enough for your kind and p*ient care of us all and in all matters. I cany think of a past holiday that has fed me $0 well, body and soull Thank you all for a wonderful holiday. The fdlowship, kindness and love I have received from our tsme together is very much apwerjated. To share the beauty of God's creation you ha5 been 50 special. We ask guests to rate from 1- very poor to 5- excellent for a variety of parameters. QSon$ Arrival and Welcome 8reakfast Dinner Evening Reflection Holiday Price Lunch Meet your need5 Payment Organisation O Pre Holiday info Room Thought for the day Well Led Holiday Incompltts Average score 71 70 67 68 68 74 71 69 61 69 74 13 The TTU5tees 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, 'when exercising any powers or duties to which the guidance is relevant,. The Trustees confim) that they have complied the charib.es (Accounts and Reportsl Regulations 2008 requiring charity trustees lo Èndude a statement in their trustees, annual report as to whether they have complied that duty- Page 4
THE CHRisllAN OUTDOOR PURSUITS TRUST CIO TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR EIIDED 31 DECEMBER 2025 Employee Involvement Tw$ts•$ The commitment and dedication of all trustees is acknowledged give generously of their time and expertise. Paul Dix was appointed as an adonal trustee on 21 June 2025. Management The operation5 of the Trust at Bassenfell Manor conb.nue to be managed by fv40 couples one of whom is alway5 in residence. Mark and Debbie Ainsworth continue in their SpeCtive roles of Head of Centre and Hospitality Manager Wth Chris and Chrissi Ingram in their roles of Faalities Manager and Administration Manager respectively. Trustees and guests remain extMelY grateful to the vknole management tearn for all their contributions to the life and Tunning of the Manor. They frequently go the extra mile and their servant- heartedness. commitment and flebi1rtY are very much appreciated and valued - and that was parts"cularly in evidence during the Winter shutdown. Trustees have also become increasingly aware in recent years that the workload of the management team has increased, and steps have been taken to mitigate some of those concerns. In ihe longer term and lo provide continuty. resilience and fvrther development, it is likely addth'onal memberlsl of staff will be required. We are al30 grateful to the part-time members of Staff who were employed during the year vkno continue to faithfully serve the Manor and the guests thrrNJgh all they do visibty and in the background. Voluntsers The Trustees and Managers also recoynise. wth real gratitude, the considerable and ongoing pra¢ti¢al Contribution made by volunteers and Friends of Bassenfell Manor. both in temis of maintaining the building and grounds and in assisting with activiti.es and events. Achievements and perfomian¢¢ Summary of maln a¢hi•v•ments during the year The Manor continues to welcome both new and retuming guest5, some of which have been comin9 for many years and the comments received are ewdence for the reasons for this. As vitth the last couple of years and due to the available staffing levels, deliberate action was taken lo leave empty space been major bookings, to give chance for staff recuperation and adequate ts.me for deaning of the building. In ad¢Jilion, the Manor was closed November 2024 - February 2025 for a wnter shul dovm to pemiit a fiJll rewiring of the Manor and other intemal work5. Whilst this required cancellation of sorne regular groups they were able to be r&provided for al other limes of the year. The number of bednights s broadly equivalent for 2024 and 2025 at over 8100. The management team. with the help of a committed group of freelancers subscribe to the ethos of BMCC, continue to be instrumental in providing a positive experien for all types of guests. The feedback received, and detailed above, is evidence of the benefit received by a wde range of users. We Temain grateful to God for his generous provision and to our management team for their hard wo, dedication, and flexibility. We contsnue to welcome Christsan Adventure Holidays for their nornial programrne of summer activitie5 wlh a training week and four holiday weeks, and to be able to support them in thi5. The holiday weeks were very well attended. and the Manor remains an ideal venue for them to be based. Two trustees from each charity meet once or lce a year to share and discuss items of mutual interest and operate under a regulady reviewed memorandum of understanding between COPT and CIO. The Head of Centre also liaises fegularly wth the CAH team particularly around the use of the Manor for the summer activities. Within thi5 year it was possible to hold a full joint trustees. Meeting. We were pleased to conts.nue lo lCome many of our local primary s¢hools for actsvity residential stays during the year. These have given the opportunty for children lo engage the outdoor5, primarily through organised activities, but also to develop soaal skills and leamworking. The improved access and updated outdoor activity provision whith were undertaken in 2024 have been much appreciated by all School groups. Page 5
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 The Manor building and grounds have been VAI looked after and maintained during the year wth the input of our fa¢iSilies manager and the grounds person. The delFvery of the project plan that ensued fron7 the 2022 strategic review of the use of the BMCC estste is ongoing. During 2025 the window plaCeMent programme was completed, and the impact has been apprecialed by guests. The Manor was dosed lo booking over winter 2024r25 to allow a complete rewring of the Manor along re-carpeting of many of the shad areas, LED lighting throughout the building. a new WIFI system, redecoration and other internal works. Trustees have mel quartedy over the year in person OT by Zoom to ensure that. not only are the Trust's activities in pursuit of its objectives and in accordance rts Biblical Christian ethos as defined in its constitution, bul also lo ensure that they Comply wlh current legislation, regulats.on and best practice. Their ambition is that the Trust operates to the highest standards and gives a consistent and attractive testimony lo the Christian faith. We have been very pleased to appoint one fijrthef new trustee this year and to increase from 8 10 9 trustees which has improved our resilience. effecb"veness and diversity. Financial Review Policy on r¢ser¥es The Trustees conb.nue lo believe it prudent lo taIn sufficient fijnds to meet the followng contingencies.. Working Capital £75k." sufficient funds to meet all financial operating commttments throughout the year including deposits, recogni5ing the seasonal nature of the Tnjst's income- lill Unforeseen repaifs £100k. Many years. experience of operab.ng a large Victorian residential property, has shown the need to retairs funds lo meet major unforeseen repairs. Funds held in bank and building soaety accounts have increased by £54K to £932K over the year. Of the lotsl funds held at the year end, £19K are guest deposts paid in advance. The amount of £175K is idenb'fied as designated funds. In additton a further £500K is kept as a designated fijnd to fund the planned improvements to the Trust's facilities. Details of any funds materialty in deficit None at this present lime. Further financial rovi¢w details Asset management The Trustees are charged safeguarding the assets of the Trust and therefore continue to make provision for depreciation of a55ets las defined by the Trust Financial Strategy). This policy, allied wth a related cash retention policy, allows the Manager scope lo operate <thIn delegated limits) a planned replacement programme for assets required by the Trust. Funds and finances Funds of the Trust are now all general unrestricted fvnds. Although there are some designated funds these exist for clarity rather than being reflecbve of any external restrictions_ Operating financlal objectives It is the Trustees, general policy that revenues from the operation of Bassenfell Manor and its faalities should at least 'break-even', that is, should generate enough income to meet all staff ¢osts and the day to day running expenses. 'For darity, 'break-even' refers to the posib.on vthereby operating income meets all of the operating costs,. income from legacies or investment income is not included for this purpose. Whilst said Income may be used to supplement operations. the ambtb.on is for the Chartys operab.ons to break even. However, due lo the incidence of fluctuating paIrS and renewa15 expenditure, ihis financial 'break-even' may only realistically be achieved over a &&year window. A maintenance expendrture of £223K incurred by 31 December 2025, compared lo £11 gK on 31 December 2024. Page 6
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Principal Funding Sour¢¢$ Voluntsry In¢om* The Trust is largety self-fijnding. vth no appeals made to the general publi¢ for ftjntls. However, as a result of the spontaneous generosity of regular 5UPPOrters. the Trustees wish lo record their sincere appreciation for donations which, gift aided lax re¢overy. amounted to £20.692. The Trust has also been in receipt of a generous legacy lch amounted lo £334K. Investment Income Investment income of £38,344 from deposits was received, and income from the Government's Renewable Heat Incentive IRHII Scheme, arising from the eadier inslallab.on of a wvod-fvel boiler, and which VMII ¢onts'nue to benefit the TTU5t for many years to come, contributed £17,532 this year 12023124.. £18,133). Risk management The trustees continue to monitor major risks to vthich the charity is exposed and regularly rewew and update the Systems, policies and procedures that have been put in place to mf(igate those risks. There is also oversight of the risk assessments PLrt in place by the management team of Bassenfell Manor. Slructurn. governance and management Nature of goveming document The Christian Outdoor Pursurts 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 charty number 11958771, whose registered address is Bassenfell Manor Christian Centre, Ba55enthwaite, Keswick, Cumbria. CA12 4RL. Recruitment and appointment of trustees The Trustees serving al the dale of Ihis report are.. Mr KM Rigg (Chairl, Mr SJ Braithwaile (Deputy Chairl, Mr AW Oxley ITreasuTerl, Mr JS Gaunt, Miss CE Leggett, Mr LGA Potts. Mrs C Amold, Mrs M JaGkson and Mr P Dix. Trustees are recrutted by recommendakn"on. inrtialty attend meetings as shadow trustees and are appointed by a resolution passed at a property convened meeb.ng of the ¢harity Trustees and by affirming the agreed statement of faith. Organisational Structure This Centre is owned and operated by the Trust and provides not only good value accommodation for schools, gTOUPS, familie5 and individuals, but also offers facIl"e3. training and supervision for a range of outdoor pursuits and acbvitie5. The day-tdaY management of Bassenfell Manor Chrislian Centre IBMCC) is delegated to a staff team under the leadership of the Head of Centre. The team comprises a fvll-b.me Faalrties Manager, and part-time managers, one vthh responsibilrty for Administsation and the other for Hospilality- There is also a team of part- time housekeepers and maintenance staff. Governance Activty There has been significant activity in updatinghvrTb"ng poliries to ensure the tnJ5t is up to date wth legislative and regulatory ¢hange and ensuring there is a Tobu5t rewewng cyde. An updated Strategic risk register Is being developed and wll be completed in 2026, along wth implementation of the Charity Govemance Code. Rolationship with other parties The Trust continues to have a close association chrisb.an Adventure Holidays CIO which organises holidays for teenager5 and the original motivation for the purchase of Bassenfell Manor was to Provide a pemianent base for holidays run by Christjan Adventure Holidays. The obj'ects of the Trusts a in close alignrnenl wlh each other. and regular joint trustees, meeb.ngs a held. A Memorandum of Understanding be1en the two organisakn'ons is in place to foster greater collaborative working. good communication and to help ensure the ongoing financial viability of both organisations. Page 7
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Safeguarding Policy A safeguarding policy is in place vknich is UFxlated annualty. The policy and associated practice guidelines are based on the ten Safe and Secure safeguarding standards published by Thirtyone."eight. Approved by order of the members of the board of Trustees and signed on their beha by. MrKMRigg Chair Date". 1£ Page 8
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO INDEPENDENT EXAMINER'S REPORT FOR THE YEAR E14DED 31 DECEMBER 2025 Independent examin¢es report to the Trustee5 of Tho Christian Outdoor Pursuits Trust CIO I'the cio'i l port to the charity Trustees on my examination of the accounts of the CIO for the year ended 31 December 2025. Re5pon$lbilitiès and basis of report As the Trustees of the CIO you are responsible for the preparab.on of the accounts in accordance wilh the requirements of the Charities Act 2011 Ilhe 2011 Acr). I report in respect of my examination of the CIO'5 a¢¢ounts carried out under section 145 of the 2011 Act and in carrying Out my examination I have followed the applicable Directions given by the Charity Commission under section 145151{bl ol the 2011 Act. Independent examinerfs statement Since the CIO'S gross income exceeded £250.000 your examiner must be a member of a body listed in 5ectitsn 145 of the 2011 Act. I confirm that l am qualffjed to undertake the examination because l am a member of Instrtute of Chartered Accounlarts in England arsd Wales, lch is one of the listed bodies. Your attention is Ilrawn lo the fact that the CIO has ppa the accounts in accordance vmth Accounting and Reporting by Charities.. Statement of Recommended Practtce applicable to charities preparing their accoun15 in accordance th the Finanaal Reporb"ng Stsndard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accountsng and RepoTbng by Charities.. Statement of Recommended Practs"ce issued on 1 April 2005 vthich is referred to in the extant wulations but has been wrthdTavm. l understand that this has been done in order for the aUnts to provide a true and fair view in accordance wlh the Generally A¢¢epted Accounting Praciice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no matter5 have come to my attention in connection with the examination gNing me cause to believe that in any material speCt.. aCCOLtnting records were not kept in SpeCt of the CIO as required by section 130 of the 2011 Act.. or the accounts do not accofd those records". or the aGGounts do not comply the applicable qUireMentS concerning the fom and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and view ¥thich is not a matter consided as part of an independent examination. I have no concems and have come across no other matters in connecb.on vrith the examination to which attenb.on should be drawn in this report in orderto enable a proper under5tsnding of the accounts lo be reached. This report 15 made solety to the CIO'S Trustees. as a body. in ac¢ordance with Part 4 of the Chartties (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the CIO'S Trustees those matters l am required to stale to them in an Independent examinerfs report and for no other purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibilty to anyone other than the CIO and the CIO'S Tfustees as a body. for my vAyk or for this report. Page 9
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Signed.. Steven Krik Dated". 30.06 ride ACA BFP Institute of Chartered Accountsnts Amistrong Watson LLP Chartered Accountants Carleton House 136 Gray Street Workington Cumbria CA14 2LU Page 10
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Unre5tr1cted Rtstricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Nots In¢ome from: Donations and legacies Other trading activities Investments 372.994 210.776 38.344 372.994 210.776 38.344 534,074 219,376 20,067 Total income 622.114 622.114 773,517 Expenditure on: Charitable aclivrties 571,402 2.$93 573.995 352,514 Totsl expendtturn 571.402 2.593 573.995 352,514 Net in¢omellexpenditur• Transfers beeen funds 50.712 20.411 12.593) 120.4111 48.119 421,003 13 Net movemert in funits 71.123 123,004) 48,119 421,1)03 Reconciliation of funds: Total funds brought forward Net movement in lunds 1.362,866 71.123 23.004 123.004) 1.385.870 48.119 964,867 421,003 Totsl funds carried forward 1N33.989 1,433,989 1,385,870 The Statement of financial activities indudes all gains and1055es reco3nised in the year. The notes on pages 13 10 25 form part ofthe5e financk31 Ststements. Page11
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Note Fixed assets Tangible assets S20,360 525,616 520,360 525,616 Current assets Stocks Debtors 10 1.139 13.8SO 932.$69 1,173 17,787 878,339 Cash at bank and in hand 947.558 897.239 Current Ilablllties Creditors.. amounts falling due wthin one year 12 133.929) (36,985) Nèt Current assets 913,629 860,254 Total assèts less current Ilabilities 1.433,989 1,385,870 Net assets excluding pension asset 1.433,989 1,385,870 Total net assots 1,433.989 1,385,870 Charrty funds Restricted funds 13 13 23,004 1,362,866 UnTesth"cled funds 1.433,989 Totsl funds 1.433.989 1,385,870 The financial ststements were approved and authorised for issue by the Trustees and signed on their behalf by.. MrKMRlgg Chair Date.. lolE The notes on pages 13 to 25 fomi part of these finanrial statements. Page 12
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 General Inforniation Christian Outdoor Pursuits Trust is a ¢harilable incorporated organisatton. Accounting poll¢les 2.1 Basis of prnparation of financial statements The financial statements have been ppared in aCCordare wrth the Charities SORP IFRS 1021- Accounbng and Reporting by Chartties." Statement of Recommended PTacb'¢e applicable to charities preparing their accounts in a¢¢ordance with the Finanaal RepoTb"ng Standard applicable in the UK and Republic of Ireland {FRS 1021 leffecbve l January 20191, the Financial Reporting Stsndard applicable in the UK and RewL4ic of Ireland IFRS 1021 and the Charities Act 2011. The financial 5tstements have been prepared to give a Inje and fairf wew and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exient required lo provide a 'true and fairf view. This departure has involved foll0vn9 the Charities SORP IFRS 1021 published in October 2019 rather than the Accounb"ng and Reporting by Charities." Statement of Recommended Practice effective from 1 April 2005 1¢h has since been withdravm. The Christian Outdoor Pursuits Trust CIO meeis the definits.on of a public benefit entity ¥Jnder FRS 102. Assets and liabilrties a initially recognised at hi5tori¢al cost or transaction value unless otherwse stated in the levant accounting policy. 2.2 Income All income is recognised once the CIO has entitlement to the income, it is probable that the income 11 be received and the amount of income receivable can be measured reliably. The recognitson of income from legacies is dependent on e5tsblishing entitlement, the probability of receipt and the abilty to estimate sufficient accuracy the amount receivable. Evidence of enlrtlemenl to a legacy exists when the CIO has sufficient evidence that a gift has been left to them {Ihrough knovAedge of the existence of a valid wll and the death of the benefactor) and the executor is sa115fied that the propety in queslion TrMII not be required to satisfy claims in the estate. Receipt of a legacy must be recognised vthen rt is probable that it wll be received and the fair value of the amount receivable, vthich wll generally be the expected cash amount to be distn'buted to the CIO, can be reliably measured. Grants are induded in the Statement of finanaal actiwb"e5 on a feceivable basis. The ba13nce of income received foT specific purposes buE not expended during the period is shown in the relevant lunds on the Balance sheet. Where income is received in advance of enb"tlement of receipt, its iectsgnilion is deferred and included in ¢redrtors a$ deferred income. Where entiuement occurs before income is received, the income is a¢¢rued. Income tax cOVerable in relab.on to investment income is recognised at the time the investment income is receivable. Page 13
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting poli¢les (continued) 2.3 Expenditure Expeftdilure is recognised once the is a legal or constructFve obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits wll be required in settlement and the amount of the obligation can be MeaSud reliabty. Expenditure is ¢13ssified by actiwty. The costs of each a¢tivty are made up of the totsl of direct costs and shared Costs, including support costs involved in undertaking each activity. Direct ¢tssts attributable to a single activty are allocated directly to that activty. Shared costs %%fiich contribute to more than one actiw and support C051s which are not attributable to a single ath.vity are apportioned between those activities on a basis Consistent with the use of resour¢e5. Cenlral staff costs are allocated on the basis of bme spent, and depreciation charges allocated on the porb.on of the asset's use. Expendrture on charitsble acbvities 15 incurred on directy undertaking the activities Nthich fijrther the CIO'5 objects"ves, as well as any associated support costs. 2.4 Tanglble fixed assets and deprncialAon Tangible fixeil assets cosb.ng £500 or me are caprtalised and recognised vthen future economic benefits are probable and the cost or value of the asset can be rneasured reliably. Tangible fixed assets are initially COgniSed at cost. After recognition, under the cost model, tangible fixed as5els are measured at cost less accumulated depreciation and any accumulated impairment losses. All Costs incurred to bring a tangible fixed asset into its intended Working condition should be included in the measurement of cost. Depreciation is charged 50 as to allocate the cost of tsngible fixed assets less their sidual value over their estimated useful lives, - De¢[ation is provided on the follovling ba515'. Freehold property Motor vehi¢les Fixtures and fittings Fixtures and fftb'ngs- restrKted assets Not applicable 20% Reducing balance 15% ReduGing balan Straight line basis Gains and losses on disposals are detem)ined by comparing the proceeds vth the caTrwng amount and a COgniSed in the Statement of financial activib"es. 2.5 Stocks Stocks are valued at the ltswer of cost and net realisable value after making due allowance for obsolete and s10MOVIng stocks_ Cost includes all direct costs and an appropriate proportion of fixed and vanable overheads. 2.6 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. ppayrnents are valued at the amthjnt prepaid net of any trade dIOunts due. The year end legacies debtors are based on the best ests.mate that the Twstees have at the year end date of the balance owed lo the charity. Page 14
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202S Accounting policies {continued 2.7 Cash at bank and in hand Cash at bank and in hand includes cash and short-temi highly liquid investrnents with a short maturity of the months or less from the date of acqui5ib.on or opening of the deposit or similar a¢¢ount. 2.8 Liabilitiès and provisions Liabilities are recognised wthen 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 wll be requId in setuement, and the amount of the settlement can be e5b"mated 1iabty. Liabilities are recognised at the amount that the CIO anb"cipates rt wll pay to settle the debt or the amount rt has received as advanced pawnents for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect ol the time value of money is material. the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risk5 5pe¢ifi¢ to the liabilty. The unwinding of the discount is reccJnised in the Statement of financial activrties as a finance cost. 2.9 Financial instruments The CIO onty has finanaal assets and financial liabilities of a knnd that qualify a5 basic finanryal instruments. Basic financial instruments are initi.alty re¢ognised at transaction value and SLJbsequently measured at their settlement value the exceptson of bank loans vthich are subsequently measured at amortised cost ussng the effethve interest method. 2.10 Fund accounting General funds are ijnrestricted funds which are availabte for use at the discretion of the Tru5tee$ in furtherance of the general objecttves of the CIO and whith have not been designated foT Other purposes. Designated fvnds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial ststements. Restricted fund5 are funds whith are lo be used in accordance wth speufic restriction5 imposed by donors or which have been raised by the CIO for particulai Pufposes. The costs of raising and adminislertng such funds are charged against the 5pe¢ific fund. The aim and Lsse of eat restricted fund is sel out in the notes to the financsal statements. Investment income, gains and losses are allocated to the appropriate fijnd. Page15
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAIBER 2025 Income from donatlon5 and legacies Unrestricted funds 202S Total funds 202S Donations Legacies RHI Income Gift Aid Redaimed 17.153 334,769 17.533 3,539 17,1S3 334.769 17.533 3.539 372,994 372,994 UnrestrKted funds 2024 Total funds 2024 Donations Legacies RHI Income Gift 'd Reclaimed 13,205 500,000 18, 133 2.736 13.205 500,000 18, 133 2, 736 534,074 534,074 Income from other trading activities Income from non ¢harttslAe trading acttviti8s Unrestricted funds 2025 Total funds 2025 Income from other tradrng activrties Ba5senfell Manor Income 2,518 208.258 2,518 208,2S8 210,716 210.776 Page 16
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202S Income from other trading activities {continuedl Income from non Charitable trading activities {continuedl UnTrst17Cted funds 2024 Total fvnds 2024 Income from other trading income Bassenfell Manor Income 1,592 217, 784 1,592 217,784 219.376 219,376 Investm¢nt incom& Unrestricted funds 2025 Total funds 2025 InleTesl ceIv0b1e 38.344 38.344 Unrestricted fvnds 2024 Total funds 2024 Inlelest receÉv8ble 20.067 20,067 Anatysi$ of txpenditure on charitable aclfvtliès Summary by fund type Unrnstricted Restricted funds funds 2025 2025 Total 2025 Direct costs 571,402 2,593 573,995 Page 17
THE CHRISTIAN OUTtK)OR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analysis of expenditure on ¢harital)le activities Icontinuedl Summary by fund type Icontinuedl Unrestricted funds 2024 Restncted funds 2024 Total 2024 Direct costs 349,630 2,884 352,514 Analysis of eXnd4¢y by activities Activities undertaken direct5y 2025 Totsl funds 2025 Direct costs 573,995 573,995 ActNities undertaken directly 2024 Total funds 2024 Direct costs 352,514 352,514 Page 18
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analysis of expenditure by a¢tivltits Icontinuedl Anatysis of direct costs Total funds 2025 Dirnct costs 2025 Stsff costs Depreciation Rent and Rates Light, heat and power Insurance Repairs and Renewds Telephone Printing, Postage and Stationery BMCC in house expenses Sundry expenses Motor expenses Accountancy fees Independent Examine$ fee$ Legal and Professional fees Bank charges Adverbsing Staff expenses Donations paid out 136,252 12,788 11,723 21,004 7,524 223,890 2,539 1,148 58,717 3,111 1,993 3,188 610 136.252 12.788 11.723 21.004 7,524 223,890 2,539 1,148 58,717 3,111 1,993 3.188 610 5.713 914 5,713 914 290 7,591 290 7.591 li 75,000 75.000 573,995 573,995 Page 19
THE CHRISTJAM OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Analysls of expenditure by acli¥llles Icontinuedl Analysis of direct costs {continu8d) Total funds 2024 Direcl costs 2024 Staff costs Depreciation Rent and Rates Light, heat and power Insurance 122,325 13.853 7,512 18,743 8,932 119, 136 2,226 122,325 13,853 7,512 18,743 8,932 119, 136 2,226 Repairs and Renewals Telephone k li Printing, Postage and Ststionery BMCC in house expenses Sundry expenses Motor expenses Accountsncy fees Independent Examinels fees Legal and Prolessional fee5 Bank Charges Advertising Staff expenses 1,396 34,079 14, 184 1,596 1,948 610 1,276 1,967 344 1,396 34,079 14, 184 7,596 1,948 610 1,276 7,967 344 2,387 2,387 352,514 352,514 Staff ¢05ts 2025 2024 Wages and salaries Social security costs Contributs'on to defined contn"trMJtion pension schemes 117.632 3,299 15,321 99,809 10, T62 11,754 136.252 122,325 The average number of persons employed by the CIO during the year was as follow5". 2025 No. 2024 No. Total employees Page 20
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Staff costs Iconttnued) No employee re¢eNed remunerntion amounting to more than £60.000 in either year. Tangibl8 fixed assets Freehold property Motor Fixtures and vèhicles fittings Total Cost or valuation At 1 January 2025 Additions 10.895 122,897 7.531 574,247 7,$31 At 31 December 2025 440.455 10,895 130.428 581,778 Depreciation At 1 January 2025 Charge for the year 5.060 1.167 43.571 11.620 4B,631 12,787 At 31 December 2025 6.227 55.191 61,418 Net book value At 31 December 2025 440.455 4.668 75,237 520.360 At 31 December 2024 440,455 &835 79,326 525,676 10. Stocks 2025 2024 Raw materials and ¢onsumables 1,139 1,113 Page 21
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECE4BER 2025 11. Debtors 2025 2024 Due within one year Trade debtors Other debtors Prepayments and accrued income 7.135 415 8,793 8,579 6.715 13.850 17,787 12. Credltor5: Amounts falling wlthln one year 2025 2024 Trade creditors Other taxation and social security Other credrtors 9.421 588 20.740 3,180 6,865 20,232 9,888 Accruals and deferred income 33,929 36,985 Page 22
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEPABER 2025 13. Ststemont of funds Statement of funds- current year Balance at 31 Transfers December inlout 2025 Balanct at 1 January 2025 Income Expenditur¢ Unreslrictéd funds Designated funds Working capital and unforseen repairs Planned improvements to facil(ties 175,000 175,000 500.000 500,000 675.000 675.000 Genoral funds General Funds 1.362,866 622.114 1571.4021 16S4,S891 758.989 Total Unrestricted funds 1.362,866 622.114 1571N021 20.411 1.433,989 R¢strtcted funds Biomass boiler fund Trust vehicle fund 17,168 S.836 (IA251 11,1681 115.7431 14.6681 23.004 {2.5931 120,4111 Total of funds 1.385.870 622.114 {S73.995} 1,433,989 Page 23
THE CHRISTIAN OUTt)OOR PURSUITS TRUST CIO NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 13. Statemènt of fvnds {continued) Statement of funds - prfor year Balance at 31 December 2024 Balan at l January 2024 Income Expendifu Unr8stri¢ted funds Generaj Funds 938,979 773,517 (349,630J 1,362,866 Restricted funds Biomass boiler fund Trust vehide fund 18,593 T,295 fl,425) fl.459) 17,168 5,836 25,888 {2,884) 23,004 Total of funds 964.867 773,517 (352,514J 1,385.870 14. Summary of funds Summary of funds- current yèar Balanc8 at 31 December 2025 Balance at 1 January 2025 Transfers Inlout Income Expenditure Designated ftjnds General funds Restricted funds 675,000 1654,5891 {20.4111 675.000 758,989 1.362.866 23.0(H 622.114 (571,4021 12.5931 1.38S.870 622.114 1573.9951 1.433,989 Page 24
THE CHRISTIAN OUTDOOR PURSUITS TRUST CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 14. Summary of funds Icontinuedl Summary of lund5- prior year Balance at 31 December 2024 Balance at l January 2024 Income ExndItre General fvnds 938,979 25.888 773.517 f349,630J {2,884J 1,362,866 23,004 Restricted fvnds 964,86T 773,517 (352.514) 1,385,870 15. Anatysis of net assets betvmen funds Anatysis of net assets beten funds- current year Unrestricted fund$ 2025 Total funds 2025 Tangible fixed assets Current assets CreditOTS due within one year 520,360 947,558 {33.9291 520.360 947.558 {33.9291 Total 1,433,989 1.433.989 Analysis of net assets between funds- prior year Unrestiicted runds 2024 Restncled funds 2024 Total funds 2024 Tangible fixed assets Cuent assets 502,612 897,239 (36.985J 23.004 525,616 897,239 (36,985) Creditors due Vthin one year Total 1,362,866 23,004 1,385,870 16. Relatsd paty transactions An organisab.on of whith the follow.ng Trustees are also involved in., Mr S Braithwaite, Mr P Dix, Mr J Gaunt and Miss CE LeggetL During the period Christian Adventure Holidays ha5 paid Christian Outdoor Pursuits Trust CIO a total £30.53712024- £29.9471. Page 25