Company Registration No.
Charity Number:
808329
305968
BOWLES ROCKS TRUST LIMITED
(A Company Limited by Guarantee)
ANNUAL REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024

BOWLES ROCKS TRUST LIMITED
CONTENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Trustees, annual report
1-12
Notlce of annual general meeting
13
Independent auditors, report
14-16
Consolidated statement of financlal actlvlties
17
Consolidated balance sheet
18
Balance sheet
19
Consolidated statement of cash flows
20
Notes formlng part of the financial statements

BOWLES ROCKS TRUST LIMITED
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Annual Report 2023124
2023124 was another strong year for the Bowles Rocks Trust, delivering on our aims as a charity,
supporting young people to achieve their potential through high qualityoutdoor and
experientia I learning. On all relevant metrics incl ud i ng rebooking rates, occupancy levels and
feedback scores we performed well. With respect to finances, we were able to achieve our aims
whilst managing our finances effectively, delivering a surplus of £IIOK to be reinvested in the
work of the charity. Our safety record was once again very good as was our approach and
commitment to safeguarding for young people across all our programmes.
Activities undertaken to further the charity's objectives for the public beneflt
The Trustees are aware of their responsibilities to ensure that the Trust carries out its aims for
the public benefit and have referred to the Charity Commission's general guidance on this when
reviewing plans and activities.
Young people visit Bowles for outdoor and experiential learning courses, primarily on a
residential basis. Research and personal experience tell us that whilst all outdoor learning is
highly impactful, residential outdoor learning can have a particular deep and long lasting
positive i m pact on participants, lives.
During the financial year Bowles delivered, 20,996, student activity days. 2,551112%} of these
activity days were for 754 children with impairments whilst 2,145 {10%) were for 625
disadvantaged young people. These figures were as reported by partner organisations, true
figures are l ikely to be h igher.
Bowles worked with 6,130 participants {18,388 activity days) with a school or group. 4,759
students115,406 activity days) came with their school 887 young people (1,790 activity days}
visited with their youth and community groups and 48411,192 activity days) visited with other
organisations.
The majority of our work was with primary schools taking part on residential 3 or 5 day outdoor
courses staying at Bowles Outdoor Centre which was busy all year. School leaders told us that
they achieved a wide range of outcomes with amazing personal and organisational journeys.
Some of the main outcomes which schools set out to achieve were: Resilience, Teamwork,
Perseverance, Communication, Respect, Confidence, Self Esteem and Responsibility.
On average score from 100 schools for achieving these aims was 9.6 out of 10.
In additional to courses for schools/groups, Bowles also delivered 2,609 activity days for the
wider public.

BOWLES ROCKS TRUST LIMITED
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Financial Support and our trading subsidiary The Bowles Organlsation T80
The Bowles Rocks Trust has a trading subsidiary, The Bowles Organisation which covers
recreational activities and adu It training courses; its objectives a re:
l. to carry on trading activities for the benefit of Bowles Rocks Trust Limited, generating revenues
of £446K during this fi nancial year;
2. to contribute to the personal development a nd effectiveness of individuals and teams in their
working environment and
3. to provide opportunities for recreational participation in adventurous activities.
Supporting Young People with Impairments
Bowles is a charity for all young people. To ensure that Bowles is truly inclusive and reaches young
people f rom all backgrounds and abilities we deploy a range of strategies. These include
subsidised pricing, targeted f ina ncial support, add itional staff ing, adapted facilities, adapted
activities, flexible activity programmes, outreach staff training and a personal and bespoke
approach to bookings and customer care.
Flnanclal supportlbursarleslstructured prlcln8
Bowles subsidises prices for targeted groups at various times throughout the year so that price is
not a barrier to participation, We used the surplus from our trading subsidiary Isee above) plus a
contribution from our peak season courses to subsidise our work with disadvantaged children,
groups and those needing additional support.
Winter Explorer courses: In 2023124 Bowles provided subsidies to the value of £83K to 846
children on our Winter Explorer Courses. The winter season is a Ereat time to visit Bowles due to
our winter sports, indoor heated pool and quality accommodation however many schools prefer
to visit in the summer. We utilise the high demand f rom the peak season to help subsidise schools
from more disadvantaged areas to access a course at Bowles.
90Yo of schools visiting during th is targeted period had a higher than nationa l average number of
students receiving f ree school meals or with English as a second language.
Structured pricing also has an impact in November and December, when schools from
disadvantaged areas made u p approximately 70% of the schools visiting. bringing 500 students.
I n addition to our Winter Explorer courses Bowles offered bursaries and support to:
Nova, children and young people's project a Tunbridge Wells charity dedicated to improving the
lives of chi Idren with severe learning diff iculties, giving famil ies a break from caring roles.
We are Beams- a North Kent charity aiming to support children with physical and learning
impairments, helping them become more independent and have more control of their lives, They
have become regu lar visitors to Bowles over the past few years.

BOWLES ROCKS TRUST LIMITED
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
AIM is a Tunbridge Wells charity who work with disadvantaged children to provide f ree tuition and
support through the Il+ process to ensure a more level playing field. They come to Bowles to increase
the confidence and life skills of each cohort at the start of their learning journey, and again at the end
after the exam as a reward for their work.
Disability Snowsports U K are long term users of Bowles skiing facilities. Their volunteers give people with
physical impairments from across the south- east, snowsports experiences both here and aboard.
Bowles supports children and young people from all background5 and with additional needs by providing
additional staff and support to children requiring l-l or increased staff ratios at no additional c05t.
Groups receiving additional staffing included..CASPA. Grapevine and AFASIC, Eastgate Youth, Grove Park
School, East Sussex Placement Services, Skylark, Birtley House, Blossom House, Moor House. and Abbey
Court. We also worked with IMAGO, HAF for E35t Sussex, Rotary and Lambeth Police cadets as well as lot
of other uniformed organisation groups.
Additlonal needs and anxlety
Many children who have anxiety or additional needs require support to attend a residential course at
Bowles - they risk missing out on the benefits of a course at Bowles and thereby increaslng the gap
between their development and that of their peers. As well as one to one support, we i ncreasingly
or8anise pre-visits to the centre or visits to schools, breaking down barriers to these ch ildren attendin8
and turning reluctance and anxiety into excitement and anticipation. These visits have made a significant
difference to some of the most vulnerable children.
Awell planned and carlng organlsatlon
Bowles maximises outcomes to reach include and meet the needs of all young people in innumerable
ways. some large, some small. Some examples are below:
We train our staff to understand and support children from all backgrounds and of all abilities. Training
includes everything from SEN to first aid and from skiing to positive handling - our staff need to be ready
to help everyone.
"the trip was omozing ond very beneficiol. Stoff were completely understondlng of ourpupils. fhey were font05tic
ond were li5tenlng to our pupi15 needs and con5tontly odju5tedfor them. So, thank you so muchl" Blossom House
Bowles has a culture of nurturing and caring. Our catering and housekeeping team are key to this,
monitoring and ensuring that all children eat well and have the energy they need including three home
cooked meals per day and access to fruit throughout the day. We ensure children sit tO8ether for their
meals experiencing a family culture that not all children experience at home.
We spend a huge amount of time and effort meeting children's sometimes complex dietary needs for
both medical and other reasons to ensure they can full participate.
We provide beddin8, waterproofs, wellies and all equipment so that no one has io worry and all children
can participate and feel included.
We are committed to real outdoor experiences and challenging adventure - Bowles mainta ins minibuses
to take children to beautiful places for adventurous experiences.

BOWLES ROCKS TRUST LIMITED
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Our facilities, activities and courses are designed to be inclusive and flexible. We introduce new activities
and constantly improve others to adapt to children's changing needs.
Our learning journal is ambitious and engaging and provides a brilliant way to engage and record
memories and experiences at Bowles.
Case Study
In November. Bowles ran a residential course for a school which had never been on a residential before.
The particular school faced additional challenges due to a large nu mber of students from the traveller
com munity, many of whom would not stay overnight l This, combined with the f inancial challenge, had
made it impossible to find an outdooreducation centre willing to accommodate their booking. Our
dedicated team not only organ ised a comprehensive program that included both residential and day
options but also offered reduced pricing options for the participating students. By doing so, Bowles
helped to overcome the barriers faced by the school, enabling them to provide educational and outdoor
opportunities for their students who previously had limited access to such experiences.

BOWLES ROCKS TRUST LIMITED
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
This report complies with the requirements of the Charily Commission Statement of Recommended Practice
(SORPI. It also forms a Direclors, Report which complies with Companies Act requirements.
Bowles Rocks Trust Limited is a registered charity, registration number 305968. It is a company limited by
guarantee and is registered in England and Wales, company number 808329. The governing document of the
Trust is its memorandum and articles of association.
Our President, Patrons and Adviser to the Trustees do not carry responsibility as charity trustees or as company
directors. Trustees are, however, both charity trustees and the company directors of the Trust. Trustees may
be elected at general meetings by the members of the Trust. Trustees may also appoint a Trustee at a
Trustees. meeting but, in this case, the Trustee must retire at the next annual general meeting and stand for re-
election. Those who served in one of the above capacities during the year are as follows..
Chalrman
Peter Wilson
Trustees
Peter Wilson
Mike Darbyshire
Alan Gardner
Helen Ogden {resigned 8th November 23)
Catherine Gallagher
Mick Bradshaw
Rosalind Stokeld
James Holden
Neil Diddams {resigned 6th November 23)
Melanie Karunaratne
Kevin McDougall (appointed 12 May 231
Advlser to the Trustees
Stephen Horscrofl
At the Annual General Meeting in 2024, James Holden, Melanie Karunaralne and Kevin MacDougall, will retire
by rotation in line with our Articles of Associalion.
Once elected, Trustees are expected to act as indiviéuals in the interesls of the Trust. However, initial
nomination as advisory members will often be through one of the organisations that are relevant to our work. The
following carry these organisational or special interests..
Mike Darbyshire
Stephen Horscrofl
Treasurer
Legal adviser

BOWLES ROCKS TRUST LIMITED
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Director of the Centre
Richard Hardwick
Company Secretary
There are no specific restrictions imposed by th& governing document on the way the charity
can operate.
The Bowles Organisation Limited is a wholly owned subsidiary of Bowles Rocks Trust Limited.
It is a private company limited by shares and is registered in England and Wales. registration
number 2569701. The governing document of the company is its memorandum and articles of
association. One hundred shares have been issued, It is a single member company, all
shares being owned by Bowles Rocks Trust Limited. Directors are as follows..
Richard Hardwick
Directors
Peter Wilson (Chairman)
Richard Hardwick
Company Secretary
Richard Hardwick
80lli companies trade under the common identity "Bowles" The following details are common
lo both..
Prin¢lpal offlce and
reglstered offlce
Bowles
Sar)dhill Lane
Eridge Green
Tunbridge Wells
TN3 9LW
Independent audltor
Kreston Reeves LLP
Slalutory Auditor
Chartered Accounlanls
Monlague Place
Quayside
Chatham Maritime
Kent
ME4 4QU
Bankers
Nalwesl Bank
130 High Slfeet
Tonbridge
Kent
TN91DE
In addition, the charity banks with..
Charities Aid Foundalion
CAF Bank Ltd
Kings Hill
Kent
ME19 4TA
Aldermore Bank PIC
1 sl Floor, Block B
Western House
Lynch Wood
Peterborough
PE2 6FZ

BOWLES ROCKS TRUST LIMITED
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees (who are also directors of the charity for the purposes of the Companies Acll present their Annual Report
together with the audited Financial Slalements of Bowles Rocks Trust Limited (the company) for the year ended 31
March 2024. The Trustees confirm that the Annual Report and financial statements of the company comply wilh the
current slatulory requirements, the requirements of Ihe company's governing document and the provisions of the
Statement of Recommended Practice ISORP), applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies
under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
Oblectlves and aotivitie8
a. Pollcles and objectlves
The Trust's primary aim is to provide educational courses open to a11 young people, using adventurous activities lo
onlribule towards their personal and social development. Beneficiaries of this seNice include pupils in mainstream
primary and secondary schools, trainee teachers, youth groups and a wide variety of social organisations. Benefits for
most parlicipanls involve the development of personal qualities such as self-confidence. awareness of others and
responsibility.
A secondary aim is lo target that service towards young people wilh specific needs. including those who, wilhoul
support, would not be able lo afford the experience. Two categories of need have currently been identified.. young people
with disabilities and disadvantaged young people. Outcomes are exactly the same as on our mainstream courses but, in
many cases, an increase in seSf-esleem will have potentially greater benefits, Many of these courses are supported by
bursaries.
All young people's courses re¢eive a subsidy from The Bowles Organisalion Ltd.
b. Maln actlvltles undertaken to further the charlty's purposes for the publlc beneflt
The objectives of the Trust are lo benefit the public by contributing lo the educalional and social development of young
people up lo the age of twenly-five, particularly through the experience of adventurous aclivilies. In order lo achieve
those objeclives. il runs courses open lo Ihe public, involving adventurous aclivilies, both on a residential and a non-
residential basis.
The objeclives of the subsidiary are to contribute lo the personal development of individuals and to the effectiveness of
individuals and teams in their working environment, to provide opportunities for recrealional participation in adventurous
activities and lo carry on Irading activities for the benefit of Bowles Rocks Trust Limited.
The Trustees are aware of their responsibilities to ensure that the Trust carries out its aims for the public benefit and
have referred lo the Charity Commission's general guidance on this when reviewing plans and aclivilies.
Our educalion81 courses help participants lo develop self-confidence, awareness of others and responsibility, with the
knowledge that such development has a lastin9 impact on young people back in their everyday life. To this end. groups
of young people take part in challenging outdoor activities, something which is increasingly recognised as an important
part of young people's development by organisalions such as OFSTED and NFER and by the Learning Oulside the
Classroom initiative.

BOWLES ROCKS TRUST LIMITED
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
b. Maln actlvlties undertaken to further the charlty's purposes for the public benefit (continued)
Bowles. courses also benefit the public by introducing a range of healthy activities to many young people who
have little or no opportunily to experience them otherwise.
To ensure that no-one is excluded from participation, all edLJcational courses for young people are al subsidised
rates. This is partly achieved through funds generated by the subsidiary's activities of personal and team
development courses for adults.
In addition, bursary supported. largeled courses for young people with disabilities or from disadvantaged
backgrounds allow us to ensure that people who could otherwise not afford the experience are not excluded
from the opportunity to benefit.
The statislics on the following page give an idea of the scale of the contribution Ihal the Trust makes to public
benefit in these ways.
Achlevements and performance
a. Key financlal performance Indicators
Our key performance indicators are summarised in the table below.
Outcome
2024
Target Outcome
2024
2023
Target
2023
Surplus as a % of Turnover
O.OO/o
3.0°/0
0.0%
Salaries as a % of Turnover
59.2 /0
61.0%
b. Review of activities
Details of courses run during th8 year
Number of
courses
2024
101
Number of
students
2024
4.424
105
215
Numberof
student days
2024
15,047
288
893
Residential courses - over Iwo days
Schools
Other groups of young people
Supervisory and management staff
2023
72
2023
3,182
246
275
2023
11,582
482
1,152
19
25
124
108
4,744
3,703
16,228
13,216
Non Residential courses
Schools
Other groups of young people
Supervisory and management staff
14
34
13
61
335
782
269
1,386
558
210
320
1,088
359
1,502
299
2,160
594
210
320
1,124
19
42

BOWLES ROCKS TRUST LIMITED
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Detalls of courses run during the year (continued)
Numberof
student days
2024
2023
Other Non-residenlial courses
Ski courses open to the public
Holiday courses open to the public
Private lessons
Birthday parties & family groups
683
1373
134
418
2,608
593
1329
135
418
2,475
Total number of student days
The centre reopened to residenlials in June 2022 as restrictions were lifted which ran alongside family
party groups and holiday courses.
Included in the 8bove figiires are the following..
Student days for disadvantaged young people
Student days for young people with disabilities
Type of slud8nt
School children
Supervisory and management staff
2145
2551
1927
558
920/0
6%
'Dis8bilito$ now Include SEN
c. Flnanclal, soclal and envlronmental objectives
Total income has increased this year compared to last year, £1,825,384 (2023- £1,552,288} and Ihe
expenditure has increased in line, tolalling £1,714,396 (2023 £1,505,682) leaving a surplus of
£110,55012023 - £46,604) at year end. A proportion of the income was due lo grants and donations
throughout the year.
Social objectives were expressed partly in terms of the participant throughout reported on page 8, which
have been affected increased compared lo last year as the world returns to pre pandemic behaviour. It
is of course impossible to communicate fully here the huge impacl our outdoor and residenlial
experiences have had on young people in developmental terms, they gained enormously in terms of self-
confidence, maturity and other personal qualities.
Following a previous energy audit that was commissioned to identify the areas across the centre that
could be improved, we have started lo undertake some of the suggestions that were made to gradually
reduce our energy consumption which in turn will reduce costs and our impact on the environment.
Solar panels and air source heal pumps have been installed post balance sheet.

BOWLES ROCKS TRUST LIMITED
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Flnanclal review
a. Review of the year
11 is a credit to the efforts of everyone at Bowles to report a surplus of £124,270 on the unrestricted fund
offset by a deficit of £13.722 on the restricled fund. The nel surplus represents 6. 3 % of turnover and has
resulted in a increase of resetves available for carry forward of £2,423,446 as shown on the Statement of
Financial Aclivilies.
Most of the assets of the charity are held in the form of land and buildings. There is no requirement lo
realise those assels in order to maintain the ongoing viability of the Trust.
We are very grateful to the following for donations made during the year..
(11 Individual donations..
Mr Mike Darbyshire
The Edinburgh Trust
Felicity Hayes
Eileen Welch - Marathon runner
Some of these donations were put towards bursaries for disadvantaged young people and young people with
disabilities.
The Bowles Rocks Trust Ltd was awarded a £10,000 grant by Locase during the year for a contribution
towards ASHP and Solar Panels. This was recognised as income on receipt per SORP 5.27, as there were
no conditions upon the grant.
b. Golng concern
After making appropriate enquiries, the trustees have a reasonable expectation Ihal the charity has adequate
resources to continue in operational existence for the foreseeable future For this reason, they continue to
adopt the going concern basis in preparing the Financial Statements. Further details regarding the adoption
of the going concern basis can be found in the Accounting Policies.
c. Reserves pollcy
The Iruslees aim to maintain free reserves in unrestricted funds at a level which equates to three months of
salaries costs {laken as three months of the annual salaries expenditure). The balance held as unrestricted
funds al 31st March 2024 was £1,739,786, of which £398,585 are regarded as free reserves, after allowing
for funds tied up in tangible fixed assets, Three month salaries payments tolalled £265,734 for 2024.
10

BOWLES ROCKS TRUST LIMITED
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management
a. Governing document
Trustees have formed a Governance Committee which has produced a Governance Document and is
responsible for keeping governance policy and processes under review. The Governance Document gives
details of the terms of reference and accountability of committees, arrangements for recruitment and
appointment of new Trustees and arrangements for induction and training of Trustees. It clarifies the
boundaries between governance and management, summarises the respective roles of Trustees, Chairman
and Director and lays down principles to ensure that decision making takes place al the appropriate level.
b. Method of appolnlment or electlon of Trustees
The body of Trustees reviews its make up from lime lo time and, if necessary, recruits new Trustees, in order
to achieve a balanced range of relevant skills and experience. Potential Trustees are normally appointed by
existing Trustees and then retire at the next annual general meeting, when they must seek re-election. There
is a documented induction process and a commitment lo support training, which would enable Trustees to
carry out their role more effectively. During 2024 two Trustees resigned.
c. Pay policy for senlor staff
Bowles maintains a pay scale with grades, increments and with weighting for differing working patterns, this
is reviewed and updated with any annual salary changes on the 1st Oct. Any changes will normally be based
on.. movements in market rates, Bowles, performance and any constraints applied by the Trustees.
d. Organlsatlonal structure and declslon making
There is a clear recognition that governance is the responsibilrty of Trustees and management is the
responsibility of staff. There is a list of lypes of decision with an agreed statement of whether each decision
should be taken by Trustees or by staff or be a shared responsibility.
In summary, policy is set by Trustees, who meet quarterly to monitor in detail the activity of the centre and its
financial silualion. They also meet with all the staff from time to time, particularly in the development planning
context Day to day management of the charity is delegated lo the Director ol the centre who implements the
policy of the Trustees through the paid staff of the centre, The annual budget is approved by the Trustees at
the start of each financial year.
The charity and its subsidiary are administered from the same off ice but at arms length as far as their
activities are concerned. The subsidiary pays to the Trust an annual licence fee and, in addition, pays a
proportion of the expenses of the Trust, calculaled on the proportion of the staff lime usecl. At the end of the
year, the subsidiary donates, under corporale gift aid, the whole of its profit lo the Trust.
e. Related party relationships
Apart from the relationship with its subsidiary, there are no related parties or other organisalions with which
the Trust co-operates in pursuit of its charitable objectives.
f. Risk management
The Trustees have carried out a review of Ihe major risks to which the charity is exposed are satisfied with
the systems in place to manage those risks.

BOWLES ROCKS TRUST LIMITED
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Trustees, responsibilities statement
The Trustees (who are also direclors of Bowles Rocks Trust Limited for the purposes of company law) are
responsible for preparing the Trustees, report and the financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company
law the Trustees musl not approve the financial statements unless they are satisfied that they give a true and
fair view of the slate of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing
these financial statements, the Trustees are required to..
select suitable accounling policies and then apply them consislently,,
observe the melhods and principles in the Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent,,
prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the
charitable company will continue in operation.
The Trustees are responsible for keeping adequate accoLJnting records Ihal are sufficient to show and
explain the charitable company's transactions and disclose with reasonable accuracy al any lime the
financial position of the charitable company and enable them to ensure that the financial statements comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Disclosure of Information to auditor
Each of the persons who are Truslees al the time when this Trustees, report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit information of which the company's auditor is
unaware, and
each Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any
information needed by the company's auditor in connection with preparing ils report and to establish that the
company's auditor is aware of that information.
This report was approved by the Trustees on ts /// /J y
and signed on their behalf by..
Peter Wilson, Chair
Trustee
12

BOWLES ROCKS TRUST LIMITED
NOTICE OF THE ANNUAL GENERAL MEETING
FOR THE YEAR ENDED 31 MARCH 2024
Notice is hereby given that the 56th annual general meeting will be held on 8 November 2024 for the
following purposes..
To receive and adopt the accounts for the year ended 31 March 2024 together with the Twstees, report
and the report of the auditors thereon.,
To re-elect the following Trustees who have retired and offer themselves for re-election.. Kevin McDougall,
James Holden and Melanie Katunaratne.
To appoint Kreston Reeves LLP as auditors to the company and to authorise the trustees lo determine
their remuneration.,
To transact any olher ordinary business of an annual general meeting.
On behalf of the Trustees
Richard Hardwick
Company Secretary
Reglstered office:
Bowles
Sandhill Lane
Eridge Green
Tunbridge Wells
TN3 9LW
13

BOWLES ROCKS TRUST LIMITED
INDEPENDENT AUDITORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
We have audited the financial statements of Bowles Rocks Trust Limited (the 'parent charity,) and ils
subsidiaries {the 'group') for the year ended 31 March 2024 set out on page 1710 31. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards. including Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republi¢ of Ireland, (United Kingdom Generally Accepted Accounting
Practice).
In our opinion the financial statements:
give a true and fair view of the state of the group's and of the parent charitable company's affairs as
al 31 March 2024 and of the group's incoming resources and application of resources, including its
in¢ome and expenditure for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2008.
Basls for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. Vve are independent of
the group in accordan￿ with the ethical requirements that are relevant lo our audit of the financial
statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and
we have fulfilled our other ethical responsibilities in accordance with these requirements. Vve believe
that the audit evidents we have obtained is sufficient and appropriate to provide a basis for our
Us8 of our report
This report is made solely lo the charitable company's members, as a body, in a¢¢ordance with
Chapter 3 of Part 16 of the Companies A¢1 2006. Our audit work has been undertaken so that we
might slate to the charitable company's members those matters we are required lo stale to them in an
Auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or
assume responsibility to anyone other than the charitable company and its members, as a body, for
our audit work, for Ihis report, or for the opinions we have formed.
Conclusions relatlng to golng concern
We have nothing to report in respect of the following matters in relation to which the ISAS (UK)
require us lo report to you where..
the Trustees, use of the going concern basis of accounting in the preparation of the financial
statements is not appropriate,, or
• the Trustees have nol disclosed in the finan¢ial statements any identified material uncertainlies that
may cast significant doubt aboul the group's or the parent charitable company's ability lo continue to
adopt the going concern basis of accounting for a period of at least ￿e1ve months from the dale when
the financial statements are authorised for issue.
14

BOWLES ROCKS TRUST LIMITED
INDEPENDENT AUDITORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Continued
Other information
The Trustees are responsible for the other information, The other information comprises the information
included in the Annual report, olher than the financial statements and our Auditorfs report thereon. Our
opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial stalemenls, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent wilh the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsislencies or apparent material misstatements, we are required to determine
whether there is a material misstatement in the financial statemenls or a material misstalemenl of the
other information. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, report including the Group strategic report for the financial year for
which the financial statements are prepared is consistent with the financial statements.
the Trustees, report and the Group strategic report have been prepared in accordance with applicable
legal requirements.
Matters on whlch we are requlred to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in
the course of the audit, we have not identified material misstatements in the Trustees, report including the
Group strategic report.
We have nothing to report in respect of the following matters in relalion to which the Companies Act 2006
requires us to report to you if, in our opinion..
the parent charity has nol kept adequate and sufficient accounting records, or returns adequate for our
audit have not been received from branches not visited by us., or
the parent charity financial statements are nol in agreement with the accounting records and returns., or
certain disclosures of Trustees, remuneration specified by law are not made. or
we have not received all the information and explanations we require for our audit.
15

BOWLES ROCKS TRUST LIMITED
INDEPENDENT AUDITORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Continued
Responsibilities of trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors
of the charity for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary lo enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial stalemenls, the Trustees are responsible for assessing the group's and the
parent charitable companls ability to continue as a going concern, disclosing, as applicable, matters
related lo going concern and using the going concern basis of accounting unless the Trustees either intend
to liquidate the group or the parent charitable company or to cease operations, or have no realistic
alternative but to do so.
Audltor's responsibilities for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misslatemenl, whether due to fraud or error, and to issue an Auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always delect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of
these financial statements.
A fLSrther description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website al.. www.frc.org.uklauditorsresponsibilities. This description forms
part of our Auditor's report,
James Peach Bsc FCA
for and on behalf of
Kreston Reeves LLP
Chartered Accountants
Slalutory Auditor
Chatham Maritime
Dale: 14 November 2024
16

BOWLES ROCKS TRUST LIMITED
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
(Including income and expenditure account)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted Restrlcted
Funds
Funds
Total
2024
Total
2023
Notes
Income from:
Donations and legacies
Other trading activities
Charitable activities
Investments
Other
2,962
446,271
1,305,081
41,864
29,206
2,962
4,960
446,271
496,063
1,305.081 1,026.803
41,864
7,258
29,206
17,202
Total Income
1,825,384
1,825,384 1,552,286
Expendlture on:
Raising funds
Charitable activities
425,633
1,275,479
425,633
396,541
13,722 1,289,201 1,109,141
Total expendlture
1,701,112
13,722 1,714,834 1,505,682
Net Incomellexpendlture) for the year
before transfers
124,272
{13,722)
110,550
46,604
Gross transfers be￿een funds
Net movement In funds
124,272
1,615,516
{13,722)
46,604
697,246 2,312,762 2,266,158
110,550
Fund balances brought forward at 1 April 2023
Fund balances carried forward
at 31 March 2024
1,739,788
683.524 2,423,312 2,312,762
All activities relate to continuing operations.
The notes on pages 21 to 31 fomi part of these financial statements.
17

BOWLES ROCKS TRUST LIMITED
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2024
Note
2024
2023
Fixod assets
Tangible assets
1,579,402
1,618,687
Current assets
Stocks
Debtors
Cash al bank and in hand
11
12
21,432
132,039
1,362,044
1,515,515
20,373
109,988
1,087,885
1,218.246
Creditors: amounts falling due
within one year
13
671,605
524,171
Net current (liabilitiesllassets
843,910
694,075
Net assets
2,423,312
2,312,762
Funds
Unrestricted funds
Reslricled funds
1,739,788
683,524
1,615,516
697,246
Total funds
Company Registr8tion Number,, 808329
The Trustees consider that the company is entitled lo exemption from the requiiernent lo have an audit
under the provisions of section 477 of the Companies Act 20061"the Act") and members have not required
the company lo obtain an audil for the year in question in accordance with section 476 of the Act. However,
an audit is required in accordance with section 145 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying With the requirements of the Act with respect
to accounting records and the preparation of financial statements.
The financial statements were approved by the Trustees on
14
2,423,312
2,312,762
l•/d9
and signed on their behalf,
Trustee
Peter Wilson
Trustee
Mike Darbyshire
The notes on pages 21 to 31 form part of these financial stalemenls.
18

BOWLES ROCKS TRUST LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
Note
2024
2023
Flxed assets
Tangible assets
Inveslmenl in subsidiary
1,579,402
100
1,618,687
100
1,579.502
1,618,787
Current assets
Stocks
Debtors
Cash al bank and in hand
11
12
21.432
667,187
868,796
20,375
1,074.381
205,452
1,557,415
1,300,208
Creditors.. amounts falllng due
withln one year
13
610,414
468,403
Net current Iliabilitiesllassets
947,001
831,805
Net assets
2,526,503
2,450,592
Funds
Unreslricled funds
Reslricled funds
1,842,979
683,524
1,753.346
697,246
Total funds
2.526,503
2,450,592
Company Registration Number.. 808329
The Trustees Consider that Ihe company is enlilled to exemption from the requirement to have an audit
under the provisions of section 477 of the Companies Act 20061"Ihe Act") and rnembers have not required
the company lo obtain an audit for the year in question in accordance with section 476 of the Act. However,
an audit is required in accordance with section 145 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requiremenls of the Act with respect
to accounting records and the preparation of financial slalements.
The financial statements were approved by the Trustees on I lill 2q and signed on their behalf, by..
Trustee
Peler Wilson
Trustee
Mike Darbyshire
The noles on pages 21 to 31 form parl of these financial slalements.
19

BOWLES ROCKS TRUST LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
Note
2024
2023
Net cash used in operating actlvities
22
290,583
214,500
Cash flows from Investing activities
Interest and dividends
Purchase of tangible fixed assets
Disposal proceeds
Cash provlded by (used in) investlng activities
41,864
158,822)
9,467
26,425
7,258
177,788)
70,530
Cash flows from financlng activltles
Borrowing
Government Grant received
Cash used in f inancing activltles
1228,6671
10,000
10,000
228,667
Increase in cash and cash
equivalents in the year
274,159
84,697
Cash and cash equivalents al the beginning of the year
1,087,885
1,172,582
Total cash and cash equlvalents at the end of the year
1,362,044
1,087,885
20

BOWLES ROCKS TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
l Accountlng poll¢lè8
1.1 Basls of proparation of financlal 8tat¢m•nt8
The firiancial slalemenls have been prepared in accordance with Accounting and Reporiing by
Charilies.. Statement ol Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland
IFRS 1021 leffeclive 1 JanLJ3ry 20191- Icharilies SORP IFRS 10211, Ihe Financial Reporiing
Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
80￿eS Rocks Trust Limited meets the definition of a public benefit enlily under FRS 102. Assets
and liabilities are initially recognised al historical cog1 or transaction value unless oiherwse slated in
the relevant accounting policy.
1.2 Basls of consolldatlon
The Slalemenl ol financial aclivilies ISOFAI and Balance sheet consolidate the financial slalemenls
of the eharily and ils subsidiary undertaking. The results ol the subsidiary are consolidaled on a line
by line basis.
No separate SOFA has been presented for Ihe charity alone as permilled by 8eclion 408 01 the
Companies Act 2006,
1.3 Golng con¢9rn
The financial slalernenls have been prepared on a going concern basis as the Trustees believe that
no material uncertainlies exist. The Trustees have considered the level of funds held and the
expected level ol income and expendilure for Iwelve months from aulhorising these financial
slalemenls. The budgeted incorne and expendilure is suffieienl, wlh the charily's reseNes, lor the
charity lo be able lo continue as a going concern.
1.4 Company slatU8
The charity is a company limited by guarantee. The members of the company are the Truslees
named on page 5. In Ihe event of the charity being ￿Und up, Ihe liability in respecl of the guarantee
is limited lo £10 per mernbef of the charity.
1.5 Fund accountlng
General fundg are unreslricled funds which are available lor use al the discretion ol the Trustees in
lurtherance of the general objectives of the chafily and ￿1¢h have not been designated lor other
purposes.
Reslricled funds are funds s¥hich 8ie lo be used in aceordance wlh specific reslriclions Imposed by
donors or which have been raised by the charity for particular purposes. The costs of raising and
adminisleiing such funds a￿ charged against Ihe sperific lund. The aim and use ol each reslrided
fund is sel out in the notes lo the financial slalemenls.
1.6 Income
All income is recognised once the charity has enlillernenl lo the incom8, il Is probable that the
income VAII be re￿iVed and the amount ol income receivable can be measured reliably. Income is
slated after discounts and nel of value added lax.
1.7 Expenditure
Expenditure is recognised once there is a legal or conslruclive obligation lo make payment lo a Ihirij
party, il is probable Ihal selllemenl wll be required and the amtsunl of the obligation can be
measured reliabty,
All expenditure is accounted for on an accruals basi5. All expenses induding support costs and
governance costs are allocated lo Ihe applicable expenditure headings.
Fundiaising costs are Ihose incurred in seekin9 volunlary conlribulions and do not indude the cosls
of disseminaling information in support ol the charitable aclivilies.
Suppotl costs are those costs incurred directly in 5UPPOrt of expenditure on Ihe objects of the chaiity
and include projed rpanagetnenl.
21

BOWLES ROCKS TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1 Aceounting policies I Continuod I
1.8 Tangible fixed assets and depreciation
Tangible fixed assets are slated at cosl less depreciation. Depreciation is provided al rates
calculated lo write off the cost ol fixed assets, less their eslimaled residual value, over their expected
useful lives on the following bases..
Freehold property
Land {Cosl £21,357)
Buildings owned at 31 March 1979
Over the eslimaled residual life of 55 years
from 1 April 1978
Over the eslimaled lifetime of 40 year$
from 1 April in the year of purchase
Over the eslimaled1ifelime ¢175 years
from 1 April in Ihe year of purchase
Over the estimated lifetime of 27 years
from 1 April in the year of purchase
12.50A per annum on cost
Minor bLJildings added since 1 April 1979
Major buildings added since 1 April 1979
Wot1(s carried out on the Oireclof's house
Furnltura, flxtures and fittlngs
rralnlng equlpment
Ski slope earthworks
Ski slope matting
12.50kn per annum on ¢o$t
Other items
250/0 pei annum on cost
Motor vèhleles
200/0 per annum on cost
Plant and machlnery
12.50/0 per annum on cost
Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are
allocated lo a¢tivitie$ on Ihe basis ol the uso of the related assets in those aclivilies. Assets are
reviewed lor impairment if circumstances indicate their carrying value may exceed their nel realisable
value.
1.9 Stocks
Stocks are valued al the lower of cost and nel realisable value after rnaking due allowance for
obsolete and slow-moving slocks, Cost in¢lude$ all direct costs and an appropriate proportion ol fixed
and variable overheads.
1.10 Leaglng and hire purcha$•
Assets purchased under finance leases are capilalised as fixed assets. Where material, obligations
under such agreements are included in creditors. The difference between the ¢apilalised ¢osl and
the total obligation under the lease represents Ihe finan￿ charge. Finance ¢harges are written off lo
the SOFA over the period ol the lease $0 as to produce a constant peiiodic rale of Charge.
1.1 I Pon$ion
The company operates a defined contribution pension scheme and Ihe pensK)n charge represents
the amounts payable by the company lo the fund in respect ol the year.
1.12 Debtors
Trade and other debtors are fecognised al the selllemenl amount after any trade discount offered.
Prepayments are valued al the amount repaid nel of any trade discounts due.
1.13 Cash at bank and in hand
Cash al bank and in hand includes cash and short term highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening ol the deposit 01 similar account.
1.14 Creditors and provisions
Creditors and provisions are recognised where the company has 8 present obligation resulting from a
past event Ihal will probably result in the transfer of funds lo a third party and the amount due lo settle
the obligation can be measured or eslimaled reliably. Creditors and provisions are normally
recognised al their selllemenl amount after allowing for any trade discounts due.
22

BOWLES ROCKS TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policles I Continued I
1.15 Flnanclal Instrumgnts
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
inslrumenls. Basic financial instruments are initially recognised al transaction value and subsequently
measured al their settlement valu& with the exception of bank loans which are subsequently measured al
amortised cost using the effective inleresl method.
2 Judgements In applylng accountSng pollclgs and key ¥ourcgs of estlmatlon uncgrtalnty
The preparation of the financial slalemenls requires the Trustees lo make judgements, eslimales and
assumptions that can affect the amounts reported foi assets and liabilities. and the results lor the year. The
nature of eslimalion is such though that actual outcomes could differ signilicanlly from those eslimales.
Tanglble flxed asset8
The charity has re¢ogni$¢d tangible lixed assets with a carrying value of £1.579.402 al Ihe reporting dale
(see note 8). These assets are slated al their eosl less provision for depreeialion and impairment. For
material assets such as land and buildings thè charity delefmines al aequisilion reliable eslimales for th8
Useful life ol the asset, ils residual value and decommissioning eosls. Thesè eslimales arè based upon such
factors as th8 expected use of the acquired asset and market eondilions. Al subsequent reporting dal¢s the
Trustees consider whglher there aro any factors that indicate a nèed lo reconsider the eslirnales used.
3 Net Income from th& tradlng a¢tlvltles of Thè Bowles Organlsatlon Llmltèd
The Company donates, under corpofale gift aid, ils taxable profil lo the Trusl and a sumrnary of ils trading
results is shown below, together with the charity's own results for the year, lo distinguish them from the group
fesulls. Audited accounts ol the Company have been filed with the Registrar of Companies.
Subsldlary
2024
2023
Charlly
2024
2023
Income from activities
Charitable Course fees
Corporate course lees
Recreational course fees
Other income frtsm use of facilities
LicÈnee fees Charged by
Bowles Rocks Trust Limited
Apportioned costs recharged by
Bowles Rocks Trust Limited
1.305,081
1,026,803
242,382
139,246
64,643
285,135
158,105
52,823
125,0001
{25,0001
25,000
25.000
1407.9051 1382,5361
Gro¥s profit.. subsldiary
Adminislralive expenses
Other income
13,366
14,0441
25,315
88,527
13.5361
3,749
48,717
25,670
Nel profit for Ihe year.. subsldiary
Amount donated under corporate gift aid
to Bowles Rocks Trust Limited
34,637
88,739
Gross Incoming resources.. charity
34.637
88,739
1,378.798
1,077,473
Costs ol generating funds
Costs of chafilable activities
113,684)
110.4671
11,289,201> {1,109,1411
Nel incomellexpendilurel
34,637
88,739
75,913
{42,1351
23

BOWLES ROCKS TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
4 Net movemènt In funds - net income for tho yoar
2024
2023
This is slated after charging..
Depreciation of tangible fixed assets
Auditors, remuneration
97.574
9,732
87,723
6.041
During the year. no Trustees received any remuneration (2023 - £Nil).
During the year, no Trustees received any benefits in kind (2023 - £Nil).
The Trustees were not paid but travel expenses of £Nil {2023.' £N IL) in lolal were reimbursed to nil12023'. NIL)
5 Resources expended
Costs of
Cost8 of
Costs
Costs of
Generating Anclllary Incurred by Charitable
Voluntary
Tradlng
Trading
Actlvltl8S
Income
SubsldSary
Total
2024
Total
2023
Training salaries
L&D Salaries
Other training costs
Catering and maintenan
salaries
Other calering and
maintenance costs
Administration salaries
Other administrative costs
Irrecoverable VAT
Bad debt
Depreciation
Bursary fees
Bar salaries
Shoplbarlvending costs
Auditors, remuneration
Audit services
75,676
109,269
9,129
311,608
387.284
109,269
39,645
380,040
92,057
37,927
30,516
60,668
249,808
310,476
263,614
63.778
38,035
46,147
9,247
262,613
156,613
136,192
34,544
326,391
194,648
182,339
43,791
237,572
182,590
168,918
38,736
97,574
97,574
87,719
13,684
13,684
10,468
9,732
9,732
6,041
13,684
411.949
1,289,201
1,714,834 1,505,682
24

BOWLES ROCKS TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
6 Staff costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
901,418
65,877
34,383
830,337
55,588
32,376
1,001.678
918,301
The average monthly number of employees was.. 48 (2023.. 42) and the average monthly number of
employees during the year expressed as full lime equivalents was as follows {including casual and part-
time staff)..
2024
2023
Training
Full lime
Seasonal
- Part time
Full time
Part lime
Full time
Part time
Full lime
- Part lime
Full time
Part time
10.7
Administration
Learning & Development
Maintenance
Catering
32.4
32.4
The number of employees whose employee benefits (excluding employer pension cosls) exceeded
£60,000 was..
2024
2023
In the band £60.001 £70,000
The total employment benefits including employer pension contributions of the key management
personnel were £268,337 {2023.. £248,538}.
7 Interest payable
2024
2023
On bank loans and overdrafts
2,100
25

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Ln

BOWLES ROCKS TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
9 Investments
The charity holds 100 Ordinary £1 shares in its wholly owned subsidiary company The Bowles
Organisalion Limited which is incorporated in England. The activities and results of this company ale
summarised in note 3.
10 Taxatlon
Bowles Rocks Trust Limited is a registered charity. Based on these financial statements there is no
liability lo corporation lax or income tax up lo 31 March 2024.
11 Stocks
2024
2023
Group
Trust
Group
Trust
Goods for resale
21,432
21,432
20.373
20,373
12 Debtors
2024
2023
Group
Trust
Group
Trust
Amounts due from subsidiary
Trade debtors
Prepayments and accrued income
580,468
16,422
70,297
998,396
31,693
44,292
37,976
94,063
65,701
44.287
132,039
667,187
109,988
1,074,380
13 Creditors: amounts falling due
within one year
2024
2023
Group
Trust
Group
Trust
Trade creditors
Tax and social security costs
Other creditors
Accruals and deferred income
58,729
32,233
9,820
570,823
58,729
29,125
925
521,635
36.007
42.807
5,562
439,795
36,007
37,673
5.561
389,161
671,605
610,414
524,171
468,402
Group
Trust
Deferred income
Deferred income al 1 April 2023
Resources deferred during the year
Amounts released from previoLJS years
Deferred income al 31 March 2024
407.482
512,877
1407,482)
357,576
460,671
(357,576)
512,877
460,671
Income is deferred as courses are booked and paid for in advance.
28

BOWLES ROCKS TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14 Statement of funds
Ststsment of fund$ . current yoar
Brought
forward
Incomlng
rgsourcès
Ra8ource8
exp&ndgd
Transfer$
Inlout
Carrled
forward
Do$lgnated Funds
Building Projects
Replacement vehicles
Deposits in advance
399,000
30,000
407,482
836,482
399.000
30,000
512,877
941,877
105,395
105,395
General fund8
General fund
779,034
1.825,384
11,701.1121 1105.3951
797.911
1,615,516
1,825.384
1,701,112
1,739,788
Re¥tri¢ted funds
Fixed a$sel fund
Bursary fund
695,518
1.728
113,7221
681,796
1,728
697,246
13,722
683.524
2,312,762
1,825,384
1,714.834
2,423,312
Restricted funds are comprlsod a8 follow8
The ieslricled fixed asset funds are mainly comprised of freehold property, and account for £673,944 01 the lolal12023'.
£687,666>,. these represent buildings that are owned by The Bowles Rocks Trust and were ¢onslrucled or renovated using
reslricled donations. The remainder ol the fixed asset fund 1$ training equipment with a value of £7.85412023'. £7,854)
which represent the cost of the earthworks that were done using restricted donations lo create our ski slopes.
The reslricled bursary fund lolalled £1,728 al the end of year, this fund is held lo help Bowles target our service towards
young people with specific needs, in particular young people with disabilities and disadvantaged young people, who
wilhoul additional help may not be able lo alford our course5. The funds are comprised of reslri¢led donalions from
individuals and companies.
29

BOWLES ROCKS TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14 Statement of funds Icont.)
Statement of funds - prior ygar
Brought
forward
Incoming
resources
Resources
expended
Transfers
Inlout
Carried
forward
Designated Funds
Building Projects
Replacement vehicles
Deposits in advance
350,000
20,000
320.787
690,787
49.000
10,000
86,695
145,695
399,000
30,000
407.482
836,482
General funds
General fund
864,403
1,552,286
11,491,960)
1145,6951
779,034
1.555,190
1 552,286
1 491 960
1.615,516
Restrlcted funds
Fixed asset fund
Bursary fund
709,240
1,728
{13,7221
695,518
1,728
710,968
13.722
697,246
2.266,158
1,552,286
1505,682
2,312,762
15 Analysis of group not a$so1s betr4een fund8
Analysls of group net a889ts betwggn fund$ - ¢urrent year
Unrèstrlcted
Fund8
Restrictod
Funds
Fund balance8 at 31 March 2024
are represented byi
Total
Tangible fixed assets
Cash al bank and in hand
Other current assets
Creditors
897,604
1,360,316
153,471
{671,6051
681,798
1.728
1,579,402
1,362,044
153,471
1671,6051
1,739,786
683,526
2,423,312
Analysis of group ntrtassets be￿een funds - prior yèar
Unrestricted
Funds
Restricted
Funds
Fund balances at 31 March 2023
arg r¢pre$ènted by;
Totsl
Tangible fixed assets
Cash al bank and in hand
Other current assets
Creditors
923,167
1,086,156
130,362
1524,1711
695,520
1,728
1,618,687
1,087,884
130,362
1524,171}
1,615,514
697,248
2,312,762
30

BOWLES ROCKS TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16 Contingent liability
The company and its subsidiary are registered as a group for value added lax purposes. The company is
therefore contingenlly liable for any unpaid value added tax liabilities of its subsidiary.
17 Capital commltments
At 31 March 2024 the charitable company had no capital commitments (2023, nil).
18 Control
The parent charitable company is controlled by its éirectors.
19 Auditors, ethlcal standards
In common with many charities of our size and nature we use our auditors lo prepare and submit our
returns to the tax authorities.
20 Penslon commitments
The charity operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the charity in an independently administered fund. The pension cost charge
represents contributions payable by the Charity to the fund and amoLsnled lo £34,383 (2023.. £32,376).
21 Related partles
Two Directors dependents were paid a total sum of £6,868 for paid work during the year
12023 £5,277). There 8re no outstanding balances (2023.. NIL)
Trustees made donations amounting to £120 (2023.. £120} lo the charity during the year.
22 Reconciliation of net movement In funds to net
cash flow from operating activities.
Total
funds
2024
Total
funds
2023
Net movement in funds
Add back depreciation charge
Deduct interest income shown in investing activities
Decrease (increase) in stock
Decrease (increase) in debtors
Increase Idecreasel in creditors
110,550
97,574
{41.864)
11,059)
(22,051)
147,434
46,604
87,719
(7,258)
14,092)
13,190
78,337
Net cash used In operating activities
290,583
214,500
31