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 2025
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 2025
| 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 | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
Parson House Outdoor Pursuits Centre
Report of the Trustees
for the Year Ended 31 March 2025
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 2025. 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
New fire alarms were fitted, financed by a loan from Gareth Bell repayable over four years.
The centre celebrated 50 years and had an open day which was well attended by past, present, future friends and customers, together with the committee, and our Patron Mr J Cocker and other band members.
The Princes Trust courses have come to an end, due to lack of funding in South Yorkshire
The centre continued ongoing maintenance work on roof, drive way and windows.
Bookings from schools were good and new and returning groups were increasing.
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.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
01928183 (England and Wales)
Registered Charity number
517419
Page 1
Parson House Outdoor Pursuits Centre
Report of the Trustees
for the Year Ended 31 March 2025
Registered office
Parson House Outdoor Pursuits Centre Longshaw Sheffield S11 7TZ
Trustees
Mr C Flynn Treasurer Mr J Shelton Mr P Davies Chairman Mrs C Davies Secretary
Independent Examiner
T Barlow ATT 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 11 August 2025 and signed on its behalf by:
Mr P Davies - 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 2025.
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 2. 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
The Tax Team Limited Omega Court 368 Cemetery Road SHEFFIELD S11 8FT
21 August 2025
Page 3
Parson House Outdoor Pursuits Centre
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Children's courses 54,950 Other trading activities 2 63,749 Investment income 3 2,083 Total 120,782 EXPENDITURE ON Charitable activities Shop 5,043 Transport and travel 5,730 Depreciation 1,831 Governance costs 39,885 Other 63,678 Total 116,167 NET INCOME/(EXPENDITURE) 4,615 Transfers between funds 13 648 Other recognised gains/(losses) Gains on revaluation of fixed assets 155,000 Net movement in funds 160,263 RECONCILIATION OF FUNDS Total funds brought forward 757,500 TOTAL FUNDS CARRIED FORWARD 917,763 |
Restricted fund £ - - - - - - - - - - - (648) - (648) 3,239 2,591 |
2025 Total funds £ 54,950 63,749 2,083 120,782 5,043 5,730 1,831 39,885 63,678 116,167 4,615 - 155,000 159,615 760,739 920,354 |
2024 Total funds £ 51,741 58,494 2,080 112,315 5,118 7,486 2,338 61,996 47,407 124,345 (12,030) - - (12,030) 772,769 760,739 |
|---|---|---|---|
The notes form part of these financial statements
Page 4
Parson House Outdoor Pursuits Centre
Balance Sheet
31 March 2025
| Notes FIXED ASSETS Tangible assets 8 CURRENT ASSETS Debtors 9 Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 11 NET ASSETS FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 954,133 3,296 3,418 6,714 (21,879) (15,165) 938,968 (21,205) 917,763 |
Restricted fund £ 2,591 - - - - - 2,591 - 2,591 |
2025 Total funds £ 956,724 3,296 3,418 6,714 (21,879) (15,165) 941,559 (21,205) 920,354 917,763 2,591 920,354 |
2024 Total funds £ 803,555 1,040 - 1,040 (24,801) (23,761) 779,794 (19,055) 760,739 757,500 3,239 760,739 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 2025
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 11 August 2025 and were signed on its behalf by:
Mr P Davies - 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 2025
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 2025
2. OTHER TRADING ACTIVITIES
| Adult courses B&B and camping Climbing wall and other income 3. INVESTMENT INCOME Rents received Loyalty interest received 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2025 £ 38,372 22,485 2,892 63,749 2025 £ 2,080 3 2,083 2025 £ 1,831 |
2024 £ 44,045 12,671 1,778 |
|---|---|---|
| 58,494 | ||
| 2024 £ 2,080 - 2,080 2024 £ 2,338 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Centre manager Staff |
2025 1 - 1 |
2024 1 1 |
|---|---|---|
| 2 |
No employees received emoluments in excess of £60,000.
continued...
Page 8
Parson House Outdoor Pursuits Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Charitable activities Children's courses Other trading activities Investment income Total EXPENDITURE ON Charitable activities Shop Transport and travel Depreciation Governance costs Other Total NET INCOME/(EXPENDITURE) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 8. TANGIBLE FIXED ASSETS COST OR VALUATION At 1 April 2024 Revaluations At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Freehold property £ 795,000 155,000 950,000 - - - 950,000 795,000 |
Unrestricted fund £ 51,741 58,494 2,080 112,315 5,118 7,486 2,338 61,996 47,407 124,345 (12,030) 810 (11,220) 768,720 757,500 Plant and machinery £ 137,698 - 137,698 131,542 1,231 132,773 4,925 6,156 |
Restricted Total fund funds £ £ - 51,741 - 58,494 - 2,080 - 112,315 - 5,118 - 7,486 - 2,338 - 61,996 - 47,407 - 124,345 - (12,030) (810) - (810) (12,030) 4,049 772,769 3,239 760,739 Motor vehicles Totals £ £ 39,825 972,523 - 155,000 39,825 1,127,523 37,426 168,968 600 1,831 38,026 170,799 1,799 956,724 2,399 803,555 |
|
|---|---|---|---|---|
continued...
Page 9
Parson House Outdoor Pursuits Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. TANGIBLE FIXED ASSETS - continued
The freehold land and buildings of £950,000 are stated at valuation.
Parson House Outdoor Pursuit Centre was given a open market valuation of £950,000 on 14 July 2025 by Andrew J Terry M.sc (Real Estate), LLB (HONS), FNAEA, FARLA, DEA, Fishwick&Co. (The previous open market valuation was £795,000 in May 2019)
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Prepayments CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 12) Payments on account Trade creditors Social security and other taxes Other creditors |
2025 £ 1,040 2,256 3,296 2025 £ 5,767 14,304 - 308 1,500 21,879 |
2024 £ 1,040 - 1,040 2024 £ 7,452 11,150 2,497 440 3,262 |
2024 £ 1,040 - |
|---|---|---|---|
| 1,040 | |||
| 24,801 |
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans (see note | 12) | 21,205 | 19,055 |
12. LOANS
The Charity obtained a Bounce Back Loan of £35,000 during February 2021 repayable over a term of 10 years.
The Charity obtained a loan of £10,000 on 25 April 2024 from Gareth Bell to replace alarm system repayble over a term of 4 years.
13. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Sustainable development/equipment TOTAL FUNDS |
At 1.4.24 £ 757,500 3,239 760,739 |
Net movement in funds £ 159,615 - 159,615 |
Transfers between funds £ 648 (648) - |
At 31.3.25 £ 917,763 2,591 |
|---|---|---|---|---|
| 920,354 |
continued...
Page 10
Parson House Outdoor Pursuits Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 120,782 120,782 |
Resources expended £ (116,167) (116,167) |
Gains and Movement losses in funds £ £ 155,000 159,615 155,000 159,615 |
Gains and Movement losses in funds £ £ 155,000 159,615 155,000 159,615 |
|---|---|---|---|---|
| 159,615 |
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Sustainable development/equipment TOTAL FUNDS |
At 1.4.23 £ 768,720 4,049 772,769 |
Net movement in funds £ (12,030) - (12,030) |
Transfers between funds £ 810 (810) - |
At 31.3.24 £ 757,500 3,239 |
|---|---|---|---|---|
| 760,739 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 112,315 112,315 |
Resources Movement expended in funds £ £ (124,345) (12,030) (124,345) (12,030) |
Resources Movement expended in funds £ £ (124,345) (12,030) (124,345) (12,030) |
|---|---|---|---|
| (12,030) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Sustainable development/equipment TOTAL FUNDS |
At 1.4.23 £ 768,720 4,049 772,769 |
Net movement in funds £ 147,585 - 147,585 |
Transfers between funds £ 1,458 (1,458) - |
At 31.3.25 £ 917,763 2,591 |
|---|---|---|---|---|
| 920,354 |
continued...
Page 11
Parson House Outdoor Pursuits Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
13. MOVEMENT IN FUNDS - continued
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 £ 233,097 233,097 |
Resources expended £ (240,512) (240,512) |
Gains and Movement losses in funds £ £ 155,000 147,585 155,000 147,585 |
|---|---|---|---|
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 £823,707 (2024 £668,707)
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 12
Parson House Outdoor Pursuits Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| 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 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 Other Sundry equipment and courses Governance costs Wages Pensions Accountancy and legal fees Carried forward |
2025 £ 38,372 22,485 2,892 63,749 2,080 3 2,083 54,950 120,782 5,043 5,730 1,831 12,604 58,344 2,834 498 1,153 1,651 849 24,316 1,200 1,500 27,016 |
2024 £ 44,045 12,671 1,778 |
|---|---|---|
| 58,494 2,080 - |
||
| 2,080 51,741 |
||
| 112,315 5,118 7,486 2,338 |
||
| 14,942 40,596 2,865 590 610 |
||
| 1,200 2,746 37,490 1,200 1,500 40,190 |
This page does not form part of the statutory financial statements
Page 13
Parson House Outdoor Pursuits Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Governance costs Brought forward Staff fees Total resources expended Net income/(expenditure) |
2025 £ 27,016 12,869 39,885 116,167 4,615 |
2024 £ 40,190 21,806 61,996 124,345 (12,030) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 14