Company registration number.. N1038105 Charity registration number.. XR 32792 Outdoor Recreation (N. Ireland) IA company limited by guarantee) Annual Report and Audited Consolidated Financial Statements for the Year Ended 31 March 2023
Outdoor Recreation (N. Ireland) Contents Reference and Administrative Delails Trustees Report 2to9 I ndependent Auditors, Report 101012 Consolidated Statement of Financial Activities 13 Statement of Financial Activities for the Charity Alone 14 Consolidated Balance Sheet 15to16 Charity Balance Sheet 17 Consolidated Statement of Cash Flows Notes lo the Financial Statements 19to28
Outdoor Recreation (N. Ireland) Reference and Administrative Details Chairman Mr D Slelfox Secretary Dr C Ferris Treasurer Mr R Millar Trustees Ms F Kane Mr D Slelfox Ms E Trainor Dr C Ferris Mr D Hughes Mr R Magowan Mr J Hewitt Mr J Porter Mr R Millar Charity Registration Number XR 32792 Company Registration Number N1038105 Principal offlce and registered The Stableyard office Barnetl's Demesne Malone Road Belfast BT9 5PB Auditor RBCA Limited Linenhall Exchange 26 Linenhall Street Belfasl BT2 8BG Page 1
Outdoor Recreation (N. Ireland) Trustees Report for the Year Ended 31 March 2023 The trustees, who are directors for the purposes of company law, presenl the annual report together with the consolidated financial statements and auditors, report of the charitable company for the year ended 31 March 2023. Structure, governance and management The organisation is a charitable company limited by guarantee. The company was established under a Memorandum of Association which established Ihe objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Recrultment and appolntment of management committee The directors of the company are also charity trustees. The directors are elected lo serve for an Initial three year period. The directors give their lime voluntarily and receive only out of pock8t expenses from the company with the exception of Caro-Lynne Ferris whose post as Company Secretary of Outdoor Recreation IN. Ireland) is paid. Risk management The directors have conducted a review of the major risks lo which the charity is exposed. Internal control risks are minimised by the implementation of procedures for the aulhorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safely of staff volunteers, clients and visitors to the cenlre. These procedures are reviewed lo ensure that they continue lo meet the needs of the charity. Organisational structure A scheme of delegation is in place and the day lo day responsibility for the provision of services rests with the company secretary and the adminislralive team. Outdoor Recreation Nl commissioned a consultant lo carry out an exercise with one overarching objecllve, to ensure ils slructures, and people processes are not only fit for purpose today, but more importantly are ready and prepared for the organisalions ongoing success and growth. This project. named 'Fit for the Future, comprised a set of activities lo examine and explore three key organisational strands, namely.. strand A.. Structure A review regarding Ihe effectiveness of the currenl organisation struclure. lo ensure it is positioned to deliver on both currenl and emerging business priorities. Slrand B.. Remuneration A review on the adequacy of ORNI'S staff remuneration package, to ensure it is in line with current responsibilities and comparable seclor rate. strand C.. Culture A review on the ORNI workplace culture, to develop further the ORNI employer brand and ensure it continues lo be a gre81 place lo work. Focusing specifically on Strand A, a new organisalion structure was pul in place in Seplember 2022 lo: Page 2
Outdoor Recreation (N. Ireland) Trustees Report for the Year Ended 31 March 2023 Enable the organisalion to retain its position as market leader, by giving lime and resource lo stakeholder engagement, strategic development and research,. Be fully aligned and resourced against its strategic priorities-, Provide a structure that enables the right balance and definition beiween Project Management and Line Management., Have a senior management structure that is fully supported to deliver team management, programme management, project mentorship, organisalional leadership. and business development responsibilities., Have a project delivery team structure Ihal allows projects lo be allocated based on a set of defined criteria to include current skills and specialisms. bul also personal and career development opportunities,. and Ensure a fully resourced 'business support, presence, covering all matters that enable optimum functioning of the internal organisalion lo include Finance, HR, IT. Facilities, Procurement. Tangibly, this established four new leams, Slralegic Projects, Place Shaping, Communications and Training and Business Suppori. Trustees and officers The Iruslees and officers serving during the year and since the year end were as follows-. Trustees.. Ms F Kane {appoinled 9 December 2022} Mr D Slelfox Ms E Trainor lappoinled 9 December 2022) Dr C Ferris Mr D Hughes (appointed g December 20221 Mr R Magowan Mr J Hewitt {appoinled 9 December 20221 Mr B Murphy (resigned g December 2022} Mr J Porter Mr R Millar Chairman.. Mr D Slelfox Secretary.. Dr C Ferris Treasurer- Mr R Millar Page 3
Outdoor Recreation (N. Ireland) Trustees Report for the Year Ended 31 March 2023 Objectives and activlties 1. CHAMPIONING THE OUTDOORS Strategic aim: There is increased awareness of the benefits that outdoor recreation brings to individuals, communities and Northern Ireland as a whole and increased focus on the importance of outdoor recreation within policy and practice at both national and local levels. Achievements Key achievements for the year are summarised as follows.. Engaged in regular meelings with EMFG, NIEA, eNGO Sector., Attended All Party Working Group on Cycling, DOH Obesity Group, Women in Sport, Belfast Heallhy Cities,. Two formal partnership agreemenls imminent - SLA with the Outdoor Partnership relating lo the provision of financial adminislralion SeiceS for the Opening Doors to the Outdoors UK Programme and UK Trails Project led by Developing Mountain Biking in Scotland., Acted in an advisory role, provided support and offered advice lo numerous organisalions on a wide ride range of subjects e.g access. trail signage, trail infrastructure, MTB signage etc. Deep dive analysis done of POMNI- (People in the Outdoors Monitor for Nll research - including impact of deprivation on outdoor recreation participation, rurallurban disparity in greenspace access and people with a disabilily and outdoor recreation participation. Individual Council factsheels prepared., Greenspace Mapping project complete deliv8ring an aulhoritalive online map of all publicly accessible greenspace and off-road trails in Northern Ireland- and Acted as Secretariat to the National Outdoor Recreation Forum INORFI. Met once during the year. 2. DELIVERING TRAINING AND SHARING BEST PRACTICE strateglc alm: The outdoor recreation sector is belter equipped lo plan, deliver, manage and promote outdoor recreation initiatives to a high standard. There is an increasing focus on innovative, sustainable and participant-led approaches lo outdoor recreation. Achievements Key achievements for the year are sumrnarised as follows= Acted as the Secretariat to the UK and Irel8nd Outdoor Recreation Network (ORN)., Acted as the Secretarial to the UK and Ireland Visitor Safety Group (VSGI., Outdoor Recreation HUB Established hllp:Ilwww.outdoorrecreationni.comlhublblogsl', 20 newslblDgs published, 6 e-zines dislribuled. Regular Linkedln and Twitter Updates., Delivered 2 webinars and 1 conference-. Social Prescribing Evaluation Toolkit, Cave Hill Natural MTB Case Study Walk and Talk, ORNI Conference 2023- 100+ in attendance. Page 4
Outdoor Recreation (N. Ireland) Trustees Report for the Year Ended 31 March 2023 Outdoor Event Steering Group expanded and seminar organised for spring 2023. and Review on-going of Principles and Slandards for Trail Development. 3. PLANNING AND DEVELOPING QUALITY EXPERIENCES strategic aim: A wide range of high quality, sustainable and participant focused outdoor recreation experiences allowing people to connect and engage with nature are in place across Northern Ireland. eve Key achievemenls for the year are summarised as follows: Completed Castle Caldwell Development Plan - FODC. Ring of Gullion Way Scoping Study- NMDDC., C8ve Hill MTB Trail Pilot - BCC. Angling Development Report and Action Plan for the Erne System - FODC., Trail prescriptions for 8 trails in Binevenagh, Ballycarton, Grange and Downhill area - Binevenagh LPS., Maghera (Mullagh Road) Local Hub Maslerplan MUDC., National Outdoor Recreation Strategy for Ireland - support services - CnT', Beara Breifne Way Technical Trail Audit - Fl., Roscommon Outdoor Recreation Strategy - Roscommon Counly Council., Ballina - Enniscrone Recreational Trail Feasibility Study - Mayo Coco., Donegal Outdoor Recreation Slrategy - Donegal County Council., Peatlands Eco Tourism phase 2 and phase 3- Fl- Glenmona House Cushendun - NT. Inclusive Beach Access Study - NMDDC., Newcastle Harbour Open Water Swimming Review - NMDDC" Mourne Strategic Framework- Mourne Partnership., Blueways Vision and Action Plan - Blueways Partnership led by Sport Ireland- Mourne Park Visitor Experience Plan - Woodland Trust., and Glas-na-braden Visitor Experience Plan Woodland Trust. On-going strangford Lough Blueway Feasibility Study- ANDBC., Feasibility Study for the development of a multi-use Irails in NMDDC - DAERA., Silent Valley Masterplan Nl Water- Masterplans for Woodburn Forest, Portglenone Forest and Glenarm Forest. Camlough Mountain Maslerplan -NMDDC', Page 5
Outdoor Recreation (N. Ireland) Trustees Report for the Year Ended 31 March 2023 Camlough Mountain Masterplan -NMDDC; Ring of Gullion Visitor Management Plan - NMDDC. Slieve Beagh Feasibility Study- FODC, Cavan CC Monaghan CC., and Mote Park Development Proj8Ct- Roscommon Coco. Community Trails Feasibility studies complete for 2 community trails Bright GAC, Teconnaughl GAC (NMDDC) with work progressing on a further 2 - Inch Abbey and Tipperary Wood., Feasibility sludy complete for Saul to Lough Money {SportNI)', and Feasibility studies complete for community trails in Lisnagarvey Hockey Club, Clogher Valley, Larne, Ballyclare and Ballymena RFCS. Water-Based Recreatlon Arney River Canoe Trail - complete. Other Faughan Valley Sculpture Trail -trails and car park complete final sculptures to be installed. Research Participation figures gathered on a quarterly basis for Caslleward, Divis, Gosford and the Community Trails in. Cloghey. Tobar Mhuire, Bunkers Hill, Saul GAC, Ballynahinch Rugby Club, Drumkeeragh Forest, Tievenadarragh Forest, Corry Wood, Seaforde Plantations, Carnagh Forest. Slan's Graveyard and Darkley Forest- Impact survey (Social Return on Investment) of one Community Trails (Arney) completed-, and Social Value Assessment- Divis and Black Mountain complete. 4. INCREASING AWARENESS Strategic aim: A consislenlly high level of accurate information on outdoor recreation is widely available, leading lo an increase awareness of outdoor recreation opportunities by both the local population and visitors to Northern Ireland. Achlevements Key achievements for the year are summarised as follows.. Phase 2 of OulmoreNI.com on-going., Phase 1 of 'Gel Out More. marketing campaign complete - phase 2 on-going. Phase 1 secured 66k+ video views, established 6k+ social media followers, generated 39k+ website visits and over 20 media articles., Work on-going to make keep WalkNI. CanoeNI, MountainbikeNI, OutdoorNI up to d8te and consumer friendly,. Page 6
Outdoor Recreation (N. Ireland) Trustees Report for the Year Ended 31 March 2023 12 Environmental messages posted on WalkNI Ihrough a combination of e-newsletter features, news articles and social media posts; E-news distributed to 375 underrepresented groups twice in the year. Responsible Use of the Outdoors Marketing campaign - complete - evaluation showed 100k video views, 425k reached on social media, 408k website visits, 71 newspaper articles, 2 radio interview and 1 TV piece., New Ulster Way website- complete., C.460,000 unique visitors to the websites WalkNI, MountainbikeNI, CanoeNI and OLttmoreNI', C. 36,OOOk followers of WalkNI through social media channels of Facebook, Inslagram and Iwiller., C.31,OOOk followers of MountainbikeNI through social media channels of Facebook, Inslagram and twitter., Right Side of Outside Campaign Phase 2 dellvered to reit8rale key messages lo encourage responsible use of the outdoors. Campaign secured 25+ media articles, generated 39k+ website visits and reached over 200k people on social media. Get Wet- 11 water sport clubs offered 15 events and participation programmes., and Get Wet Slay Safe 612 people attended courses between June and September. SUP most popular activily. 5. WIDENING, INCREASING AND SUSTAINING PARTICIPATION strateglc alm: The number of people participating in outdoor recreation in Nl continues to rise. Achievements Key achievements for the year are summarised as follows.. Peace + funding programme opened in March - work on-going on preparing a concept nole. Page 7
Outdoor Recreation (N. Ireland) Trustees Report for the Year Ended 31 March 2023 Flnancial revlew The Charily has generated a positive financial outcome for the year with a net increase in funds of £99,553 12022.. £389,596) as a result of total income for the year of £1,876,210 {2022.' £2,192,687) and total expenditure for the year of £1,776,65712022'. £1,803,091). Statement of trustees. responsibilities The trustees (who are also the directors of Outdoor Recreation IN. Ireland) for the purposes of company law} are responsible for preparing the trustees, report and the financial statements in acoordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" The report and accounts have been prepared in accordance with the provisions in the Companies Acl 2006 relating to small companies. Company law requires the Iruslees to prepare financial statements for each financial year. Under company law the Iruslees must nol approve the financial statements unless Ihey are satisfied thal 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 ils income and expendilure, of the charitable company for that period. In preparing these financial slalemenls, the trustees are required to= select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP., make judgements and estimates Ihat are reasonable and prudent,. slate whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements-, and prepare the financial statements on the going concern basls un18SS It is inappropriate to presume that the charitable company will continue in business. The Iruslees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of Ihe charitable company and enable them lo 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 laking reasonable sleps for the prevention and detection of fraud and other irregularities. The Iruslees are responsible for the rnaintenance and integrity of the corporate and financial information included on the charitable companls website. Legislation governing the preparalion and dissemination of financial statements may differ from legislation in olher jurisdictions. Disclosure of information to audltor Each trustee has laken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. Reappointment of auditor The auditors RBCA Limited are deemed to be reappointed under section 487121 of the Companies Act 2006. Page 8
Outdoor Recreation (N. Ireland) Trustees Report for the Year Ended 31 March 2023 The annual report was approved by the truslees of the charity on behalf by.. 26 Ocl 2023 and signed on ils .f& sp.IF. Ms F Kane Trustee Mr D Stelfox Chairman and Trustee Is L I rainor Trustee ro- Dr C Ferris Mr D Hughes Company Secretary and Trustee Trustee Mr R Magowan Trustee FH Mr J Hewitt Trustee Mr J Vorter Trustee Ivir r< Ivtiiiar Treasurer and Trustee Page 9
Outdoor Recreation (N. Ireland) Independent Auditor's Report to the Members of Outdoor Recreation {N. Ireland) for the Year Ended 31 March 2023 Opinion We have audited the financial statements of Outdoor Recreatlon IN. Ireland) (the 'charity') for the year ended 31 March 2023, which comprise Ihe Consolidated Slalemenl of Financial Activities, Statement of Financial Aclivilies for the Charily Alone, Consolidated Balance Sheel, Charity Balance Sheet, Consolidated Statement of Cash Flows, and Notes to the Financial Slatemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of ils incoming resources and application of resourcos, including its income and expendilure, 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 requiremenls of the Companies Acl 2006. Basi5 for opinlon We conducted our audit in accordance wilh International Standards on Auditing (UK} {ISAs {UK}l and applicable law. Our responsibilities under those standards are further described in Ihe auditor responsibilities for the audit of the financial slalemenls section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of Ihe financial statements in the UK. including the FRC'S Ethical Standard, and the provisions available for small entilies, in the circumstances set out in note to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audil evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively. may casl significant doubt on the charity's ability lo continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. other information The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on Ihe financial statemenls does not cover the other information and, except to the extent otherwise explicitly slated in our report. W8 do not express any form of assurance conclusion Ihereon. Page 10
Outdoor Recreation (N. Ireland) Independent Auditor's Report to the Members of Outdoor Recreation (N. Ireland) for the Year Ended 31 March 2023 In connection with our audit of the financial slalements, our responsibility is to read the other informalion and, in doing $0, consider whether the other information is materially inconsistenl wilh the financial stalemenls or our knowledge obtained in the audit or otherwise appears lo be materially misslaled. If we idenlify such material inconsistencies or apparent material misstatements, we are requlred lo determine whether there is a material misstatement in the financial statements or a material rnisslatemenl 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. Oplnlon on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees Report for the financial year for which the financial statements are prepared is consistent with the financial slatemenls., and Ihe Truslees Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the lighl of our knowledge and understanding of the charity and ils environment obtained in the course of the audit, we have not identified material misstalemenls in the Trustees Report. We have nothing lo report in respect of the following matters where the Companies Act 2006 requires us lo report to you if, in our opinion- adequale accounting records have not been kept, or returns adequate for our audil have not been received from branches not visited by us., or the financial statements are not 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 informalion and explanations we require for our audit. Responsibilities of trustees As explained more fully in Ihe Statement of trust8es' responsibilities (set out on page 8), the truslees 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 Iruslees determine is necessary lo enable the preparation of financial slatem8nls that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements, the Iruslees are responsible for assessing the charity's ability to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounling unless the Iruslees either intend to liquidate Ihe charity or lo cease operalions, or have no realistic alternative bul to do so. Auditor responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul Is not a guarantee that an audil conducted in accordance with ISAS {UKI will always detect a malerial misslalement when it exlsls. Misslalements can arisa from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic declsions of users taken on the basis of these financial statements. Page 11
Outdoor Recreation (N. Ireland) Independent Auditor's Report to the Members of Outdoor Recreation {N. Ireland) for the Year Ended 31 March 2023 The extent to which our procedures are capable of delecling irregularities. inclu¢Jing fraud is detailed below.. We identified areas of laws and regulations that could reasonably be expected lo have a material effect on the financial statements from our sector experience through discussion with the Trustees and other management (as required by auditing standards). We had regard to laws and regulations in areas that directly affect the financial slalemenls including financial reporting (including related trade union legislation) and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial slalement ilems. With the exception of any known or possible non-compliance, and as required by auditing standards, our work in respecl of these was limited lo enquiry of the Truslees. We communicated applicable laws and regulations throughout our audit team and remained alert to any indications of non-compliance throughout the audit. We addressed the risk of fraud through rnanagement override of controls, by testing the appropriateness of journal entries, and other adjustments- assessing whether the judgements made in making accounting estimales are indicative of a potential basis., and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. Our audit procedures were designed lo respond to risks of material misstatement in the financial slatemenls, recognising that Ihe risk of not delecling 8 material misstatement due lo fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresenlalions or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and Iransactlons reflected in the financial slatemenls, the less likely we are lo become aware of it. A further description of our responsibilities is available on the Financial Reporting Council's website at= www.frc.org.uklaudilorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charity's trustees those mallers we are required to stale lo them in an auditor's report and for no other purpose. To th8 fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and ils trustees as a body, for our audit work, for this report, or for the opinions we have formed. 55 Ross Boyd (Senior Statutory Auditor) For and on behalf of RBCA Limited, Slalulory Auditor Linenhall Exchange 26 Linenhall Street Belfasl BT2 8BG Dale.. 17 Nov 2023 Page 12
Outdoor Recreation IN. Ireland) Consolidated Statement of Financial Activities for the Year Ended 31 March 2023 {Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Uiirestricted fuiids Restricted funds Total 2023 Total 2022 Note Incoine and Endowments from.. Donations and legacies Charitable activities Other trading activities Inveslinenl incoine 33,000 749,144 33,000 749,144 1 ,093,924 142 471 ,408 1,721,138 141 1,093,924 142 Total iiicome 1094 066 782 144 1,876 210 2 192,687 Expenditure on: Charitable activities Other expenditure 1490,6641 515 5151_ 1770,4781 11,261.1421 515515 11 ,232.415) 570 676 Total expenditure 1,006,179 770.478 1 776 657 1 803 091 Nel lexper)diliirellinGome 87,887 99,553 389 596 Nel movement in lunds 87,887 11,666 99,553 389,596 Reconciliation of funds Total lund5 brought fotward 1 OJfo 726 1087 566 697,970 Total funds carried forward 16 1,138.613 48.506 1.187,119 1 ,087,566 All of the charity's aclivilie5 derive fvoin continliing operations during the above periods. The nolps on pages 19 10 28 form an inle Jral part of these financial slaleinents, Page13
Outdoor Recreation IN. Ireland} statement of Finaiicial Activities for the Charity Alone for the Year Ended 31 March 2023 Ilncluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Un restricted fund5 Restricted fund5 Total 2023 Total 2022 InGome and Endowinents from.. Donations and legacies Charitable aolivilies Other trading activities Investirenl income 33,000 749,144 33,000 749,144 75fj,563 142 471,408 1 ,247,454 141 751 ,563 142 Total income 751,705 782,144 1.533 849 1,719,003 Expenditure on: Cliarilable activities Ollier expendilLire {490,6641 173 154 {770,478) 11,261, 142) -1173 154 {1,232,415) 96,992 Total expendilLire 829311 604,985) 1 ,434,296 1,329 407 Nel (expendilLirellincoine Nel movement in funds 11,666 389 596 87.887 11,666 99,553 389,596 Reconciliation of fLEnds Total funds brought lorward 1050,726 1,087,566 697,970 Total funds carried fotward 1,138,613 1,187,119 1 ,087,566 The notes on pages 19 10 28 forin an integral part of Iliese Iinancial slalemenls. Page 14
Outdoor Recreation (N. Ireland) (Registration number.. N1038105} Consolidated Balance Sheet as at 31 March 2023 las restatedl 2023 2022 Note Fixed assets Tanyihle assets io 15,260 15.921 Current assets stocks Debtoi"s Cash al bank and in hand 12 1,500 618,389 581.102 1 ,200,991 826,402 647,710 1,474,112 Creditors: Amounts falliiig due within oiie yoar 302,254 129 346 Net curreiit 8ssels 1,171 858 1 ,071,645 Net a55els 1,187.119 1,087,566 Funds of tlie cliarity.. Restricted income funds Restricted funds 48,Jf06 36,840 Unrestricted income funds Unreslricled funds 1 138613 Total funcls 16 1,187,119 1,087,fJ66 These financial statements have been prepared in accoi"dance with the special provisions relating lo compaiiles subject lo the small coimpanies regime within Parl 15 of the Companies Act 2006. Tlie notes ori pages 19 to 28 fDrin ali integral part ol Iliese finaiicial 51aleinentS. Page15
Outdoor Recreation (N. Ireland) (Registration number: N1038105) Consolidated Balance Sheet as at 31 March 2023 The financial statements on pages 13 to 28 were approved by the trustees, and aulhorised for issue on '26'0ci YO25 and signed on their behalf by.. Ms F Kane Trustee Mr D Slelfox Chairman and Trustee Ms k I rainor Trustee Dr C Ferris Mr D Hughes Company Secretary and Trustee Trustee Mr R Magowan Trustee Yypotrb Mr J Hewill Trustee Mr J Porter Trustee Mr R Millar Treasurer and Trustee The notes on pages 19 to 28 form an integral part of these fin8ncial slalemenls. Page 16
Outdoor Recreation (N. Ireland) (Registration number: N10381051 Cliarity Balance Sheet as at 31 March 2023 las rL'st8ted} 2023 2022 Fixed assets Tangible assets 2,617 5,147 Current assets Stocks Iiiveslmenls Debtors Cash al bank and in hand 1,500 1,118,337 207 317 1 ,325,657 822,167 274,82J 1,098,495 Creditors: Amou nt5 falling due witliin one year -1141,155 1184,502 16 076 Net current a55ets 1,082419 Net assets 1,187.119 1087,566 Restricted income flinds Reslricled funds 48,506 36,84D Unrestricted incorne funds Unresliicled funds 1 138.613 1050,726 Total funds 1,187,119 1,087,566 The notes on pages 19 10 28 foi"m ali iiileui.al part ol these financial slaleinenls. Page17
Outdoor Recreation IN. Ireland) Consolldated Statement of Cash Flows for the Year Ended 31 March 2023 2023 2022 Note Cash flows from operating aGtlvltles Nel Cash Income 99.553 389,596 Adlustments to cash flows from non-cash Items Depreciatlon Investment Income 5,216 142 104,627 3,498 141 392,953 Working capital adjustments Decrease in stocks Increase in debtors Incroaselldecrgasel in creditors Nel cash flows from operallng aclivilies 12 13 15 1,500 1208,0131 172.908 (41,684) 208.135 143 134 Cash flows from investlng actlvltles Interest recelvable and similar income Purchase of langlble fixed assels 142 141 10 Nel c8sh flows from investing aclfvilles Nel Increase In cash and cash equlvalenls 66,608 131,534 Cash and cash equlvalents at l Aprll Cash and cash equivalents at 31 March 581 102 449,568 647,710 581,102 All of the cash flows are derived from continuing operations during Ilie above Iwo pe¥iods. The notes on pages 19 10 28 form an Integral part of Ih&se flnancial slalemenls. Page 18
Outdoor Recreation (N. Ireland) Notes to the Financial Statements for the Year Ended 31 March 2023 1 Charity status The charity is limited by guaranlee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the trustees is liable lo contribute an amount nol exceeding £1 towards Ihe assets of the charity in the event of liquidation. The charity is registered as a charity with Ihe Charily Commission of Northern Ireland. The Charity number is XR 32792. The Company number is N1038105. The address of ils registered office is.. The Stableyard Barnett's Demesne Malone Road Belfast BT9 5PB 2 Accountlng policies Summary of slgnificant accountlng policies and key accounting estlmates The principal accounting policies applied in the prep8ralion of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless othewise slated. statement of compliance The financial slalements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 102)) {issued in October 20191 (Charities SORP (FRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Page 19
Outdoor Recreation (N. Ireland) Notes to the Financial Statements for the Year Ended 31 March 2023 Basis of preparation Ouldoor Recreallon IN Ireland) meets Ihe definition of a public benefit entity under FRS 102. Assels and liabilities are initially recognised al historical cost or transaction value unless olherwise slated in the relevant accounting policy notes. The consolidated financial statements consolidate the financial statements of the charity and ils subsidiary undertakings drawn up to 31 March 2023. A subsidiary is an entity controlled by the charity. Control is achieved wh8re the charity has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. The results of subsidiaries acquired or disposed of during the period are included in Ihe statement of financial activities from the effective dale of acquisilion or up lo the effective date of disposal, as appropriate. WheTe necessary, adjustments are made to the financial slalements of subsidiaries to bring their accounting policies into line with those used by the group. The purchase method of accounting is used to accounl for business combinations that resuSt in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments Issued and liabilities incurred or assumed at the date of exchange, plus cosls directly attribulable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured inilially at their fair values at the acquisition date. Any excess of the cost of the bLJsiness combination over the acquirer's interest in the net fair value of the identifiable assets, liabilities and conlingent liabilities recognised is recorded as goodwill. Inter-company transactions, balances and unrealised gains on transactions between the charity and ils subsidiaries, which are relaled parties, are eliminated in full. Inlra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements. Accounting policies of subsidiaries have been changed where necessary to ensure consistency wilh the policies adopted by the group. Presentational curren¢y and level of rounding The presentational currency is £ sterling and the level of rounding is lo the nearest £. Going concern The trustees consider that there are no material uncertainties about the charity's ability lo continue as a going ooncern nor any significant areas of uncertainly that affect Ihe carrying value of assels held by the charity. Fund accounting Unrestricted funds are available for use al the discretion of the trustees to further any of the charills purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Page 20
Outdoor Recreation (N. Ireland} Notes to the Financial Statements for the Year Ended 31 March 2023 Restricted funds are subjected to restrictions on their expenditure declared by Ihe donor or through the terms of an appeal, and fall into one of two sub-classes.. reslricled income funds or endowment funds. Incoming resources All incoming resources are included in Ihe statement of financial activities when entillemenl has passed to the charity- it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income.. income from donations or grants is recognised when there is evidence of enlitlemenl lo the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entillement is established; income from donated goods is rneasured at the fair value of Ihe goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounls are included for the contribution of general volunteers., and income from contracts for Ihe supply of services is recognised wilh the delivery of the contracted service. This is classified as unrestricted funds unless there is contractual requirement for it lo be spent on a particular purpose and returned if unspent, in which case it may be regarded as r8slricled. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to wb.ich it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charilable trading activities, and the sale of donated goods., expenditure on charitable activities includes all costs incurred by a charity in undertaking aclivilies that further ils charilable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities- and other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of ils expenditure on charitable aclivilies. All costs are 2llocaled to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable ana consislenl basis. Page 21
Outdoor Recreation (N. Ireland) Notes to the Financial Statements for the Year Ended 31 March 2023 Tangible fixed assets Tangible assets are initially recorded at cost, and subsequently slated at cost less any accumulated depreciation and iTnpairmenl losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in olher recognised gains and losses, unless il reverses a charge for impairment Ihal has previously been recognised as expenditure within the slat8ment of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except lo which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. DeprecTation and amortisatlon Depreciation is provided on tangible fixed assets so as lo write off the cost or valuation. less any estimated residual value. over their expected useful economic life as follows.. Asset class Freehold property Equipment Depreciation method and rate 100/0 straight line 20 % straight line Taxation The charity is considered lo pass the lesls sel out In Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within calegories covered by Chapter 3 Part 11 of Ihe Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeab5e Gains Act 1992, to the extent that such income or gains are applied exclusively lo charitable purposes. Stock stock is valued 81 the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-oul (FIFO). Trade debtors Trade debtors afe amounts due from customers for merchandise sold or SeiceS performed in the ordinary course of business. Trade debtors are recognised initially al th- transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charily will not be able to collect all amounts due according lo the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly liquid investments that are readily convertible lo a known amount of cash and are subject lo an insignificant risk of change in value. Page 22
Outdoor Recreation (N. Ireland) Notes to the Financial Statements for the Year Ended 31 March 2023 Trade credltors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, al Ihe end of the reporting period, to defer selllemenl of the creditor for al least twelve months after Ihe reporting dale. If there is an uncondilional right to defer settlement for at leasl iwelve months after the reporting date, they are presenled as non-current liabilities. Trade creditors are recognised initially al the transaclion price and subsequently measured al amortised cost using Ihe effective interest method. Foreign exchange Transactions in foreign currencies are recorded al the rate of exchange al the dale of the Iransaclion. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported al the rates of exchange prevailing at that date. The results of overseas operations are translated at the average rates of exchange during the period and Iheir balance sheels al the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening nel assets and results of overseas operations are reported in other cornprehensive income and accumulated in equity {atlribuled to non-conlrolling interesls as appropriatel. Penslons The Charily participates in the Local Government Pension Scheme for Northern Ireland which is administered by the N l Local Governmenl Officers, Superannuation Commillee. The scheme is an unfunded multi-employer defined benefit pension scheme. As the Charity is unable to identify ils share of the underlying assets and liabilities, contributions are recognised as an expense in the period in which the related service is provided. The Local Governtnenl Pension Scheme Regulations (Northern Ireland) 2014 provides the legal framework for regular actuarial valuations of the pension scheme to measure Ihe costs of Ihe benefits being provided. These valuations inform the future contribution rates lo be paid into the scheTnes by employers every three years following the scheme valuation. The scheme actuary is responsible for carrying out scheme valuations and reviews contributions every three years following the scheme valuation. The 31 March 2022 scheme valuation was completed by Aon in March 2023. The outcome of this valuation was used to set the level of contributions for employers from 1 April 2023 10 31 March 2026. The pension cost charge for the period by the Charity to the scheme amounted to £205.562 (2022.. £172,309) based on a rate of 23.20/0 of pensionable pay. Page 23
Outdoor Recreatlon (N. Ireland) Notes to the Financial Statements for the Year Ended 31 March 2023 Prlor year adjustment In the prior year, reslricled funds were overslated by £59,526 and unrestricted funds were underslaled by £59,526. There were several misslatements arising from 8rrors in the prior year financial statements of Outdoor Recreation IN. Ireland) Trading Ltd as follows: Accruals and adminislr81ive expenses were understated by £83,431., Accruals were overslaled by £105,919 and sales were understaled by £105,919. AGcru8d income and sales were understated by £67,557., and The VAT liability and administrative expenses were understated by £14,122. Adjustments to correct Ihe above errors have been made lo the comparative financial information. 3 Income from donations and legacies Unrestrlcted funds Restricted funds Total 2023 Total 2022 Grants from companies 33,000 33,000 33,000 33,000 4 Income from other trading activities Unrestricted funds Restricted funds Total 2023 Total 2022 Non-charilable trading Income from subsidiary 398,861 695,063 1,093,924 398,861 695,063 1,093,924 911,029 810,109 1,721,138 5 Income from charitable activities Unrestricted funds Restricted funds Total 2023 Total 2022 Communication & Training Feasibility, Planning & Developmenl Marketing Participation 352,317 112,422 190,726 93,679 352,317 112,422 190,726 93,679 749,144 122,926 131,887 96,223 120,372 471,408 749,144 Page 24
Outdoor Recreation (N. Ireland) Notes to the Financial Statements for the Year Ended 31 March 2023 6 Investment income Unrestricted funds Restricted funds Total 2023 Total 2022 Bank interest receivable 142 142 141 142 142 141 7 Expenditure on charitable activitles Unrestricted funds Restricted funds Total 2023 Total 2022 Communicglion & Training Feasibility, Planning & DevelopTnent Marketing Participation Support Cosls 319,293 91,303 174,488 19,901 165,493 770,478 319,293 91,303 174,488 19,901 656,157 1,261,142 125,870 98,758 89,008 119,277 799,502 1,232.415 490,664 490,664 8 Other expenditure Unrestricted funds Restrlcted funds Total 2023 Total 2022 Adminislralive salaries Adminislralive travel 71,417 8,158 71,417 8,158 41,058 1,003 45,728 1,587 3,960 867 Office costs Sundry Audil fees 5,000 85,200 849 5,000 82,150 849 Legal and professional fees Bank charges Depreciation Expenditure by subsidiary 259 2,530 342,361 515,515 2,530 342,361 515,515 2,530 473,684 570,676 Page 25
Outdoor Recreation (N. Ireland) Notes to the Financial Statements for the Year Ended 31 March 2023 9 Staff costs The aggregate payroll costs were as follows.. 2023 2022 Salaries and wages 976,354 778,888 The monthly average number of persons {including senior management I leadership leaml employed by the charity during the year expressed as full time equivalents was as follows.. 2023 2022 No Average number of staff during year 22 20 One employee received employee benefits of more than £60,000 during the year {2022'. 1). The Charity Iruslees were not paid or received any other benefits from employment with the Charity or its subsidiary in the year neither were Ihey reimbursed expenses during the year with the exception of Caro-Lynne Ferris whose post 8s Company Secretary of Outdoor Recreation (N. Ireland) is paid. No Charity trustee received payment for professional or other services supplied to the Charity. The key management personnel of the parent Charity comprise the Executive Director and Operalions Director. The total employee benefits of the key managemenl personnel of the Charity were £155,813 {2022'. £144,725). 10 Tangible fixed assets Land and buildings Furniture and equipment Total Cost At 1 April 2022 Additions 156,349 98,506 4,555 254,855 4,555 At 31 March 2023 156,349 103,061 259,410 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 156,349 82,585 5,216 238,934 5,216 156,349 87,801 244,150 Net book value At 31 March 2023 15,260 15,260 Al 31 March 2022 15,921 15,921 Page 26
Outdoor Recreation (N. Ireland) Notes to the Financial Statements for the Year Ended 31 March 2023 11 Taxation The charity is a regislered charity and is therefore exempt frorn taxation. 12 Stock 2023 2022 Raw materials and consumables 1,500 13 Debtors 2023 2022 Trade debtors Prepayments and accrued income other deblors 355,675 462,712 8,015 172,427 340,042 105,920 826,402 618,389 14 Cash and cash equlvalent5 2023 2022 Cash al bank 647,710 581,102 15 Creditors: amounts falling due within one year 2023 2022 Trade creditors Other creditors Accruals 8nd deferred income 71,579 127,230 103,444 28,439 100,907 302,253 129,346 Page 27
Outdoor Recreation (N. Ireland) Notes to the Financial Statements for the Year Ended 31 March 2023 16 Funds Balance at 1 April 2022 Incoming resources Balance at 31 March 2023 Unrestricted funds General 1,050,726 87,887 1.138,613 Restricted funds 36,840 11,666 48,506 Total funds 1,087,566 99,553 1,187,119 las restated) Balance at 31 March 2022 Balance at 1 April 2021 Incomlng resources Unrestrlcted funds General 601,604 449,122 1,050,726 Restricted funds 96,366 59,526 36,840 Total funds 697,970 389,596 1,087,566 17 Related party transactlons In ?023 the following transactions look place beeen Ouldcor Recreation (N. Ireland} and its wholly owned subsidiary Outdoor Recreation (N. Ireland) Trading Ltd: The Iransfer under gift aid of the trading prof5ts of Outdoor Recreation IN. Ireland) Trading Ltd to Outdoor Recrealion {N. Ireland) of £352.702 (2022.. £336,425) of which £352,702 was outstanding as al 31 March 2023 {2022'. £336,425). Page 28