**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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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