REGISTERED COMPANY NUMBER: 01928183 (England and Wales) REGISTERED CHARITY NUMBER: 517419
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
Parson House Outdoor Pursuits Centre
The Tax Team Limited Omega Court 368 Cemetery Road SHEFFIELD S11 8FT
Parson House Outdoor Pursuits Centre
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
Parson House Outdoor Pursuits Centre
Report of the Trustees
for the Year Ended 31 March 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote any charitable purpose for the benefit of young people including without limitation the establishment of a centre for young people for the purpose of helping and educating such persons through their leisure time activities so as to develop their physical, mental and spiritual capacities so that they may grow to full maturity as individuals and members of society and that their conditions of life may be improved. The strategies employed to achieve the charity's objectives are to offer a full range of outdoor activities for young people.
We confirm that as Charity Trustees we have given due consideration, as required by s.4 Charities Act 2006, to the Charity Commission's published guidance on the operation of Public Benefit requirement for charities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The year started well with bookings then the Centre closed due to the global pandemic.
The centre received grants from Sheffield City Council and HMRC.
The charity received a 2 year licence from AALA under the new HSE team.
Bookings were better than ever, with bookings being taken for 2023. The covid pandemic seemed to have had a positive effect on people wishing to stay in the UK.
Maintenance on rooms and the Centre has taken place, including new CCTV with an ANPR camera.
We have lost a couple of instructors to jobs elsewhere, and the industry generally has suffered from this, but our staff have stayed loyal.
Gramps: was as popular as ever and has kept busy when permitted, during the pandemic months when it could open.
FINANCIAL REVIEW
Reserves policy
Strategy is to continue with our plans to appeal to a wider market and to build reserves through operating surpluses.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 3 July 1985, and registered as a charity on 25 June 1986. The company is governed by its Memorandum and Articles of Association dated 5 August 1983 and amended on 10 October 2005. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Recruitment and appointment of new trustees
As set out in the Articles of Association the number of trustees shall not be less than three nor more than seven and at every annual general meeting one-third of the directors retire by rotation, no person other than a director retiring by rotation shall be appointed or re-appointed a director unless he is recommended by the directors.
Induction and training of new trustees
We endeavour to recruit new trustees from the local area preferably with experience in working with or for charitable organisations. If we recruit any with little or no experience it is our policy for them to be paired with someone with experience for the first year or so.
Page 1
Parson House Outdoor Pursuits Centre
for the Year Ended 31 March 2022
Report of the Trustees
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
01928183 (England and Wales)
Registered Charity number
517419
Registered office
Parson House Outdoor Pursuits Centre Longshaw Sheffield S11 7TZ
Trustees
Mr D Garner Chairman Mr C Flynn Treasurer Mr R Wilkinson Secretary Mr J Shelton
Independent Examiner
T Barlow ATT FMAAT The Tax Team Limited Omega Court 368 Cemetery Road SHEFFIELD S11 8FT
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 25 July 2022 and signed on its behalf by:
Mr D Garner - Trustee
Page 2
Independent Examiner's Report to the Trustees of Parson House Outdoor Pursuits Centre
Independent examiner's report to the trustees of Parson House Outdoor Pursuits Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
T Barlow ATT FMAAT The Tax Team Limited Omega Court 368 Cemetery Road SHEFFIELD S11 8FT
23 August 2022
Page 3
Parson House Outdoor Pursuits Centre
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Children's courses 28,431 Other trading activities 2 62,870 Investment income 3 2,270 Other income 4 21,290 Total 114,861 EXPENDITURE ON Charitable activities Shop 3,879 Transport and travel 9,729 Depreciation 3,924 Governance costs 51,233 Other 56,602 Total 125,367 NET INCOME/(EXPENDITURE) (10,506) Transfers between funds 14 1,265 Net movement in funds (9,241) RECONCILIATION OF FUNDS Total funds brought forward 785,498 TOTAL FUNDS CARRIED FORWARD 776,257 |
Restricted fund £ - - - - - - - - - - - - (1,265) (1,265) 6,326 5,061 |
2022 Total funds £ 28,431 62,870 2,270 21,290 114,861 3,879 9,729 3,924 51,233 56,602 125,367 (10,506) - (10,506) 791,824 781,318 |
2021 Total funds £ 874 24,015 1,763 53,979 80,631 442 3,157 5,061 39,750 34,469 82,879 (2,248) - (2,248) 794,072 791,824 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Parson House Outdoor Pursuits Centre
Balance Sheet
31 March 2022
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Debtors 10 Cash at bank and in hand CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 12 NET ASSETS FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 803,737 4,646 13,841 18,487 (19,134) (647) 803,090 (26,833) 776,257 |
Restricted fund £ 5,061 - - - - - 5,061 - 5,061 |
2022 Total funds £ 808,798 4,646 13,841 18,487 (19,134) (647) 808,151 (26,833) 781,318 776,257 5,061 781,318 |
2021 Total funds £ 812,722 1,223 24,344 25,567 (11,465) 14,102 826,824 (35,000) 791,824 785,498 6,326 791,824 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
Parson House Outdoor Pursuits Centre
Balance Sheet - continued
31 March 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25 July 2022 and were signed on its behalf by:
Mr D Garner - Trustee
The notes form part of these financial statements
Page 6
Parson House Outdoor Pursuits Centre
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided Plant and machinery - 20% on reducing balance Motor vehicles - 25% on reducing balance
It is the policy of the Trustees to maintain the building in such a condition that it's useful economic life is indeterminate. In the opinion of the Trustees this policy results in the residual value of the property (by reference to the revaluation) being not less than it's present carrying value in the accounts. Consequently no depreciation is charged on Land and buildings.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The company subscribes to a defined contribution scheme for its permanent employee, the contributions to the scheme are charged in the statement of financial activities as they accrue.
continued...
Page 7
Parson House Outdoor Pursuits Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
2. OTHER TRADING ACTIVITIES
| Adult courses B&B and camping Climbing wall and other income 3. INVESTMENT INCOME Rents received Loyalty interest received 4. OTHER INCOME Government grants Lottery covid grant Government grants includes local council grants and HMRC Furlough. |
2022 £ 50,712 11,345 813 62,870 2022 £ 2,266 4 2,270 2022 £ 21,290 - 21,290 |
2021 £ 14,396 9,419 200 |
|---|---|---|
| 24,015 | ||
| 2021 £ 1,760 3 1,763 2021 £ 48,979 5,000 |
||
| 53,979 | ||
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 3,924 | 5,061 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
continued...
Page 8
Parson House Outdoor Pursuits Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
8.
| Centre manager Staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Charitable activities Children's courses 874 Other trading activities 24,015 Investment income 1,763 Other income 53,979 Total 80,631 EXPENDITURE ON Charitable activities Shop 442 Transport and travel 3,157 Depreciation 5,061 Governance costs 39,750 Other 34,469 Total 82,879 NET INCOME/(EXPENDITURE) (2,248) Transfers between funds 1,581 Net movement in funds (667) RECONCILIATION OF FUNDS Total funds brought forward 786,165 TOTAL FUNDS CARRIED FORWARD 785,498 |
2022 1 1 2 Restricted fund £ - - - - - - - - - - - - (1,581) (1,581) 7,907 6,326 |
2021 1 1 2 Total funds £ 874 24,015 1,763 53,979 80,631 442 3,157 5,061 39,750 34,469 82,879 (2,248) - (2,248) 794,072 791,824 |
|---|---|---|
continued...
Page 9
Parson House Outdoor Pursuits Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|
| COST At 1 April 2021 and 31 March 2022 DEPRECIATION At 1 April 2021 Charge for year At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 |
Freehold property £ 795,000 - - - 795,000 795,000 |
Plant and machinery £ 136,498 126,350 2,030 128,380 8,118 10,148 |
Motor vehicles £ 42,525 34,951 1,894 36,845 5,680 7,574 |
Totals £ 974,023 |
| 161,301 3,924 |
||||
| 165,225 | ||||
| 808,798 | ||||
| 812,722 |
The freehold land and buildings of £795,000 are stated at valuation.
Parson House Outdoor Pursuit Centre was given a open market valuation of £795,000 in May 2019 by SC Fishwick, FNAEA, FICBA. (The previous open market valuation was £775,000 in July 2013)
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Prepayments 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 13) Payments on account Trade creditors Social security and other taxes Other creditors |
|
|---|---|
continued...
Page 10
Parson House Outdoor Pursuits Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans (see note | 13) | 26,833 | 35,000 |
13. LOANS
The Charity obtained a Bounce Back Loan of £35,000 during February 2021 repayable over a term of 6 years. During the first 12 months the UK Government will pay interest due under this Loan to the Bank. From 13 months after the date of first drawdown 60 monthly repayments of capital and interest will commence.
14. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Sustainable development/equipment TOTAL FUNDS Net movement in funds, included in the above are as Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Sustainable development/equipment TOTAL FUNDS |
At 1.4.21 £ 785,498 6,326 791,824 follows: At 1.4.20 £ 786,165 7,907 794,072 |
Net movement in funds £ (10,506) - (10,506) Incoming resources £ 114,861 114,861 Net movement in funds £ (2,248) - (2,248) |
Transfers between At funds 31.3.22 £ £ 1,265 776,257 (1,265) 5,061 - 781,318 Resources Movement expended in funds £ £ (125,367) (10,506) (125,367) (10,506) Transfers between At funds 31.3.21 £ £ 1,581 785,498 (1,581) 6,326 - 791,824 |
|---|---|---|---|
continued...
Page 11
Parson House Outdoor Pursuits Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 80,631 TOTAL FUNDS 80,631 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.4.20 in funds £ £ Unrestricted funds General fund 786,165 (12,754) Restricted funds Sustainable development/equipment 7,907 - TOTAL FUNDS 794,072 (12,754) |
Resources Movement expended in funds £ £ (82,879) (2,248) (82,879) (2,248) Transfers between At funds 31.3.22 £ £ 2,846 776,257 (2,846) 5,061 - 781,318 |
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 195,492 195,492 |
Resources Movement expended in funds £ £ (208,246) (12,754) (208,246) (12,754) |
|---|---|---|
Purposes of restricted funds
These are grants for sustainable development/equipment expenditure included in additions to tangible fixed assets.
Total unrestricted funds includes revaluation reserves of £668,707 (2021 £668,707)
continued...
Page 12
Parson House Outdoor Pursuits Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 13
Parson House Outdoor Pursuits Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| INCOME AND ENDOWMENTS Other trading activities Adult courses B&B and camping Climbing wall and other income Investment income Rents received Loyalty interest received Charitable activities Children's courses Other income Government grants Lottery covid grant Total incoming resources EXPENDITURE Charitable activities Catering and shop Transport and travel Plant and machinery Other Maintaining premises Support costs Management Administration Finance Bank charges Bank loan interest Hire purchase Other Sundry equipment and courses |
2022 £ 50,712 11,345 813 62,870 2,266 4 2,270 28,431 21,290 - 21,290 114,861 3,879 9,729 3,924 17,532 47,622 5,343 303 138 - 441 3,196 |
2021 £ 14,396 9,419 200 |
|---|---|---|
| 24,015 1,760 3 |
||
| 1,763 874 48,979 5,000 |
||
| 53,979 | ||
| 80,631 442 3,157 5,061 |
||
| 8,660 28,762 2,919 337 - 496 |
||
| 833 1,955 |
This page does not form part of the statutory financial statements
Page 14
Parson House Outdoor Pursuits Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| Other Governance costs Wages Pensions Accountancy and legal fees Staff fees Total resources expended Net expenditure |
2022 £ 34,452 1,200 1,500 14,081 51,233 125,367 (10,506) |
2021 £ 33,218 1,200 1,470 3,862 39,750 82,879 (2,248) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 15