CHARITY REGISTRATION NUMBER: SC049755 Hebridean Pursuits Outdoor Learning Unaudited Financial Statements 31 March 2025 EMEN ss Chartered accountants 5 Argyll Square Oban Argyll PA34 4AZ ED
Hebridean Pursuits Outdoor Learning Financial Statements Year ended 31 March 2025 Page Trustees, annual report Independent examiner's report to the Irustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 25 Notes to the detailed statement of financial activities 27
Hebridean Pursuits Outdoor Learning Trustees, Annual Report Year ended 31 March 2025 The trustees Preseni their report and the unaudited financial statements ol the charlty for Ihe year ended 31 March 2025. Reference and administratlve detalls Reglstered charliy name Chartty reglstralion nu mber Hebrean Pursuits Outdoor Learning SC04C75 Independent exarnlner Fl A Clement Associates C.A. 'cy quare Oban Argyll PA34 4AZ Stru¢iure, governance and managernenl Governlng documenl The Scollish Charitat*le Incorporatecl Organisalion is controlled by ils governing document, a conslilution (single tier). Oblectlves and a1vItIeS The organisation's purposes are: The relief of need, the advancement of education and the organisation of recr8alional activities with the cbjecl of improving the conditions of life for the persons for whom the activiiies are prirnarily intended by promoting the development of confidence and resilience in marginalised young people wrth Ihe development of Social skills, co-operation and teamwork through Ihe provision of struclured ouldoor leaming courses. Improving the conditions of life of youro carers by providing recreation arid educational activities in the form of outdoor learning breaks which prowde relief from their caring responsibilities.
Hebridean Pursuits Outdoor Learning Trustees, Annual Report (conllnued) Year ended 31 March 2025 Achievemenls and perlormanco Introduclion Hebridean Pursulls Outdoor Leaming (HPOLI was established over 30 years ago wth a mission lo improv6 the lives of young people through outdoor adventure. We believe that by creaiing real adventures. young Ople can grow and achieve more than Ihey ihought possible whatever their background. Since our launch in 1991 las Roses Charitable Trust) we have worked wrth thousands of young people. We deliver residentials. primarily in the West ol Scotland, for groups of young people from across the UK In In addition we deliver Day and Multi Day Outdoor Adventures in Argyll tor individuals or groups of young people primarily Irom our local cornmunity. A very fond farewell to Slephen Thoma8 (1935-2025} This year we bade a %ery fond larewell 10 our Founder Palron Slephen Thomas who sadly died in April 2025 having reached his 90th year. li the late 1980s, Steve co.found8d Hebridean Pursuits Limited and then the Roses Projec alongside our course direcio r merged lo create Hebrtdean Pursuits Ouldoor Learning) Working together over the last 35 years they established our outdoor aévenlure p'ogrammes bringing young people from across the UK to experience the challenges that Ihe sea and mountains of the wesl coasl ol Scotland provide - and through Ihis shared experience build slronjer and beiier lives for many As a worldwide expedtioner he left his indomilable mark wherever he ventured. His warm, welcoming, inclusive nature has continued through the work we continue to do to this day. Hlgh levéls of activily malntalned The high levels of activity we rep)rted last year coniinued this year with our residential and day programmes delivering Outdoor aclivilies for 422 young peDple {5 .0 181 over 75 delivery days. The mix of this activity shifted lowards day work thus resulting in a reduction in our use ol accommodalion reducing our direct costs. We have worked with young people from 13 organisations, 11 01 whom we have worked with belcre. This high number of returning groups allows us 10 éevelop closer working relationships with both the organisations and the young people in their care - and aL80 reflects the strength of the relationships we build - a priority for us. These groups included: Oban High School. Tiree High School, Tiree Primary School, St Columba's Primary School, Dunbeo P"imary School, Arinagour Primary School (Colll, Summer Sensations, Space @ The Broomhouse Hub, Tykes Young Carers Sutherland, Bee Well Connected, and Kernow Young Carers (Cornwall). Whilsl working hard IG develop long ierm relationships wtth organisalions we also want lo rneet and work with new groups where our capacity allows. This year saw us working with Blue Triangle and Clued-up Project for the first time. We look fcrward 10 working wilh Ihese groups again n the future.
Hebridean Pursuits Outdoor Learning Trustees, Annual Report (C¢Mllnu•dJ Year ended 31 March 2025 Achigvements and performance (eontlnu•d) Increasing the involvemenl of Young People A locus for us this year has teen to increase our level of engagement wilh Ihe young people we work wilh to ensure that we understand their needs arkl reflect their wews in Ihe design and delivery of our courses. To achieve this we hosted a workshop in December at the Oban High School inviting pupils that had been on one ol our courses over Ihe last 2 years from across different year-groups to join us to hear Iheir views on how we can betler meet their needs. Creating this opportunity for open discussion not only provided us witn valuable insight into what is important for our yDung people - the message ol shared experrence in their peer or Iriendship groups came through loud and clear... but also provided the young people wilh Ihe cpportunity to re-live some of their advanlures and re-enforce their positive experierte. A second area ol locus for us this year has been lo explore new ways to inspire young people lo connect more with the oul¢oors,' with the aim of creating a lifelong passion for ouldooi pursuits which we all know is great Icr positive physical and mental health and wellbeing. In order to cultivale this passion ai a younger age we have piloted a Hebridean Pursurts Outdoor Learning Taster-Day project with the whole of Sl at Oban High School. In October we viorked with 117 pupils over four days, who tried out rock dimbing and abseiling al a local spot in Garnaan, Oban. This generaled a high level of excii&menl and positive energy across the entire year and we have high hopes of rolling ihis out agan in the coming year. Strengthening our Governonce The Covid Pandemic in 2020 forced a significant change in P,ow we operate. We changed from delivering only through residential programmes to the inlroduciion of a significant programme of Day arf Mulli Day actNlties for young people in ArgWI as well. This change increased our levels of activity and necessitated a significant increase in operational suppJrr. It also required that we complele a root and branch review of our Heailh & Safety procedures to ensure they remain fil for purwse. We have retained this balance of delivering both residential and day programmes and believe that this flexibility better meels the needs of the groups we work wtth. This year we set ourselves the objective of strengthening our Board. Nol only to caler for renI ancl planned retirements. But to also ensure that we have the skills to secure the future of Hebridean Pursuits Outdoor Learning. In December 2024 we appointed 5 new iruslees who significantly strengthen us as an organisation and bring a wealth of experience covering slrategv, governanee, impact, marketing, youth work and fund raising. In addition - each of our new trustees has a passion for ensuring ihat young people have the best opportunities and a beliel that outdoor aéventure has a sin.nilin?.n rhla n IAlp new trustees are..
Hebridean Pursuits Outdoor Learnlng Trustees, Annual Report (conlAnuedJ Year ended 31 March 2025 Achlevements and performancè (eoniinued) Thanking our Funders without whom we would not exisl And lastly to all our donors and funders who have supported us Ihis year, thank you - we couldn'l have done it without you. Conundrum Charitable Trust Dr Guthrie's Association Eeinburgh Children's Lottery Fund Garfield Weston HDH Wills 1965 Charitable Trust John Kirkhope Young Endowment Fund Matthews Wrightson Charitable Trust Nancie Massey Charitable Trust Outdoors for All Robert Barr Scottish Children's Lottery Trust - Bright Futures Fund Shared Care Scotland (Creative Breaks) The Charles Skey Charilable Trust The D'oyly Carte Charilable Trusl The Gosling Foundation The Misses Barrie Charilable Trust The Pleasance Trust And thank you also to our individual donors. Financial review During the 12 monlhs to 31103J2025, the charity received donations and grants 01 £126.9k, a docrgasa of 10.2 % on the year to 3110312024. This was in part due lo a one OH donation from Camp & Trek for £23.2k which gave a higher than normal figure in 2023124. This year's figure of £126.9k is more in line with the figure from 2022123 of £113k. Income from our charity actlvity was £19.4k and investment income was £3k. Tolal income was £193.6k. The proportion ol trading income £43.8k to Ihe total income, at 22.6°/), was below board expectations. The Trustees expect grants and donations lo continue to be the charity's main source of funding. The costs of running the chartty and young persons, groups over the reporting period was £176.3k. The year gave a suiplu5 of £17.3k. whicn Is an increase of 9.5°/o on last year1£15.8kl.
Hebridean Pursuits Outdoor Learning Trustees, Annual Report (coniinu•dJ Year ended 31 March 2025 Financlal revlew (ooniinued) Selected Costs and total expenditure 2024 2025 01. Variance People costs, £k Direct costs, £k Governance and Insuranca" £k Totals 81 59 12 95 38 190 'Paymenls lo HFI and H and S advisors, Training. meelings and insurance We are also able, in note 22 below, to show expendrture and outstanding amounts of restricted funds. Where restricted bdances are part of deferred income, they are not shown separately Any unrestricted amount WIIS be part of the unrestricted funds balance and not shown separalely. Reserves polley It is the trustees. inlenlion to continue to recognise the possibility of a significant drop in income by maintaining sufficient reserves lo e@l the charills obligations to its creditors and staff and lo fulfil any outstanding commilment5 to customary recipients and donors for six rnonths. The trustees consider hal funds held on deFOSIt ot £53,988 al 3110312025, are ufficient lo meet those requirements. The trustees, annual report was approved on trustees by: 151 20 L5 and signed on behalf of Ihe trf)ard of I rusiee
Hebridean Pursuits Outdoor Learning Independent Examiner's Report to the Trustees of Hebridean Pursuits Outdoor Learnlng Year ended 31 March 2025 I report to the trustees on my examination of the financial statements of Hebridean PLJrsuits Outdoor Learning Ilhe charilll for Ihe year ended 31 March 2025. Responsibilitles and basis ol report As the Irustees of the charity you are responsible for the preparation of the financial statements in accordance with the requiremenls ol the Charities and Trustee Investment (Scotland) Act 2005 Ilhe '2005 Act'l and the Charities Accounts (Scollandl Regulations 2006 las arnendedl. You are satistied that your charity is rK)t required ty charity law to be audited anLI have chosen instead to have an independent examina',ion. I report in respect of my examination of Iha charity's financial statements as carried out unLYer section 44111{c) of the 200q Aci. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts Iscotland) Regulations 2006 las amended). Independent examlner's statemenl Since the charity has prepared ils accounis on an accruals basis your examiner rnust be a member ol a Ix)dy listed in Regulation 1112) ol Ihe Charities Accounts (Scotland) Regulations 20D6 {as amended). I can confirm that l am qualified to undenake the examinalion because l am a registered member ol the Associaiion of Chartered Certified Accountants which is one ol the listed bodies. I have complelgj my examination. I confirm ihat no matters have come lo my attention giving me cause to believe that in any material respect: accounting records were not kepi as required by seclion 44{1)la) of the 2005 Act and Regulalion 4 of Ihe Charities Accounts Iscollandl Regulaiions 2006 (as amer,.ded); or tho financial statements do not accord with those records.. or the financial statemenls do nol comply with the accounting requirements of Regulation 8 of the Charities Accounls IScotlarKI) Regulations 2006 las amended). I have no concerns ald have come across no other matters in connection wilh the examination to which attention should be drawn in ihis report in order to enable a proper understanding of the accoijnlq to bp reap.hed ol R A Clerrienl Associaies C A Independent Examiner 5 Arg[ Square Oban Argyll PA34 4AZ
Hebridean Pursuits Outdoor Learning Statement of Financial Actlvities Year ended 31 March 2025 2025 Restricted funds Total funds 2024 Unreslricted funds Total funds Nole Income and endowments Donations and legacies Charitable activities Other Trading & Charity Aclivilies Investment income Other income 74,706 564 63,143 2,950 52,242 126,948 564 63,143 2,950 141,424 88,140 653 3,045 233,262 Total income 141.363 52,242 193,605 Expendilure Expenditure on raising funds-. Costs of raising donations and legacies Expenditure on charitable activilies Total expenditure 8,553 128,235 8,553 167,761 176,314 8,880 208,597 10,11 39,526 136,788 39,526 217,477 Net Income and nel movemenl In funds 4,575 12,716 17,291 15,785 Reconciliation ol funds Total funds broughl lorward Tolal funds carried forward 21,461 26,036 73,225 94,686 111,977 78,901 85,941 94,686 The statement of financial activilies includes all gains and losses recognised in Ihe year. All income and expenditure derive from continuing activities. The notes on pages 9 to 23 fomi part ol these Ilnanclal statements.
Hebridean Pursuits Outdoor Learning Statement of Flnanclal Positlon 31 March 2025 2025 2024 Note Flxed assets Tangible fixed assets 17 4.852 6.469 Current asseis Deblors Cash at bank and in hand 18 14,836 102,945 4,689 111,634 117,781 116,323 Crediiors: amounts falling due wlthln one year Net current agsats rotal assels less current Ilablllties Net assets 19 10,656 107,125 111,977 28,106 88.217 94.686 111,977 94,686 Funds of Ihe charlty Fleslricted funds Unrestrioted funds 85,941 26,036 73.225 21.461 94,686 Total charlty funds 22 111.977 These financial statements were approved by the board of truslees and authorised for issue on 111 ,115 , and are signed on behalf of the board by: Trustee The notes on pages 9 to 23 form part ol these linanclal statements.
Hebridean Pursuits Outdoor Learning Notes lo the Financial Statements Year ended 31 March 2025 General Informatlon The charity is a public benelit entity and a registered charity in Scotland and is a Scottish Charitable Incorporated Organisaiion ISCIOI. The address of the principal office is PO Box 9673, Oban, Argyll, PA34 9AN. Statemenl of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reponing sianaaro applicable in Ihe UK and Ihe Republic of Irelan¢J', Ihe Slatemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Flepublic of Ireland IFRS 102) (Charities SORP IFFIS 102)) and the Charities and Trustee Inveslmenl IScotland} Act 2005 and the Charily Accounts Iscotlandl Regulations 2006 las amended). Accounting policles Basis of preparallon The financial stalements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial slatemenls are prepared in slerling, which is the funclional currency ol the enlily. Golng concern There are no material uncertainties aboul Ihe charity's ability lo continue. Dlsclosure exemptions The entity salisfies the crileria of being a qualifwng enlity as defined in FRS 102. As such. advantage has been taken of Ihe following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash Ilow statement has been presented for Ihe company. (b) Disclosures in respect of financial inslrumenls have not been presenled. Judgements and key sources of esllmatlon uncertainty The preparation of the financial statemenls requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations ol future events that are believed lo be reasonable under the circumstances.
Hebridean Pursuits Outdoor Learning Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accounting policies (conllfttsed) Fund accounllng Unreslricted funds are available for use ai the discretion of the trustees to further any of the charilYs purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future projecl or commitment. Restricled funds are subjected to restrictions on their expenditure declared by the Oonor or through the terms of an appeal, and lall into one of two sub-classes: reslricled income funds or endowment funds. Income All income is included in Ihe statement of financial activities when entillement has passed to Ihe charity, il is probable that the economic benefils associated with the Iransaction will flow lo the charity and Ihe amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence ol entitlement lo the gift. receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured al the fair value of the goods unless this is impractical lo 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 amounts are included for the contribullon of general volunteers. income from contracts for Ihe supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a conlractual requirement for it lo be spenl on a particular purpose and returned if unspent, in which case it may be regarded as restricied. 10
Hebridean Pursuits Outdoor Learning Notes to the Financial Stalements (conllnuedj Year ended 31 March 2025 AccounlSng pollcles (continued) Expenditure 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 Ihe statement of financial activities to which it relates: expendilure on raising funds includes the costs of all fundraising activities. event5, non- charitable trading aclivities. and the sale of donated goods. expenditure on charitable activilies includes all costs incurred by a charity in undertaking activities that further its charitable aims for Ihe benefit of ils beneficiaries, including ihose support costs and costs relating io the governance of the charty apportioned lo charitable activities. other expenditure include5 all expenditure that is neilher related to raising funds for Ihe charity nor part of ils expenditure on charilable aclivities. All costs are allocated lo expenditure categories reflecting ihe use ol the resource. Direct costs altributable lo a single activity are allocated directly io that aclivity. Shared costs are apportioned between the activities they conlribute to on a reasonable, justifiable and consislenl basis. Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a slraight-line basis. Tangible asseis Tangible assets are initially recorded at cost, and subsequently slated at cost less any accumulated depreciation and impairmenl losses. Any tangible assets carried at revalued amounts are recorded at the fair value al the dale of revaluation less any subsequent accumulated depreciation and subsequenl accumulaled impairmenl losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment Ihal has previously been recognised as expenditure within the slatement of financial activities. A decrease in the carrying amount ol an asset as a result ol revaluation, is recognised in other recognised gains and losses, except lo wliiGh il offsets any previous revaluaiion gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciatlon Depreciation is calculated so as to write off thc cost or valuation of an asset, less ils iesidual value, over the useful economic life of that asset as follows: Motor vehicles 250/0 reducing balance 11
Hebridean Pursuits Outdoor Learning Notes to the Financial Statements (contlnuedj Year ended 31 March 2025 Accounting policies (continued) Impalrment of fixed assets A review for indicators ol impairmenl is carried oul at each reporting date, with the recoverable amount being eslimaied where such indicators exist. Where the carrwng value exceeds the recoverable amount, the assel is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes ol impairmenl testing, when tl is nol possible to estimate the recoverable amounl of an individual asset. an estimate is made of Ihe recoverable amount of the cash- generating unit to which the asset belongs. The cash-generaling unit is Ihe smallest identifiable group of assets that includes the asset and generates cash inllows that largely independenl of the cash inflows from other assels or groups of assels. For impairment testing of goodwill, the goodwi51 acquired in a business combination is. from the acquisition dale, allocated to each ol the cash-generating units that are expected to benefit from the synergies ol the combinalion, irrespective of whether Other assets or liabilities of the charity are assigned to those units. Flnanclal Instruments A financial asset or a financial liability is recognised only when Ihe charity becomes a party to the contractual provisions ol the instrument. Basic financial inslrurnenls are inilially recognised at the amount receivable or payable including any relaled transaction costs. Current assels and current liabilities are subsequenlly measured al the cash or other consideration expected to be paid or received and not discounled. Debt instruments are subsequently measured al amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the inveslmenl is subsequently measured at lair value with changes in fair value reeognised in income and expenditure. All other such investments are subsequently measured al cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rale ot inlerest that is not a market rate. in which case the assol is rnoasured at the proscnl value of the lulure payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequenlly measured at fair value, wilh any changes recognised in the statement of financial activities. with the exception ol hedging instruments in a designated hedging relationship. Financial assets that are measured al cost or amortised cost are reviewed for objeclive evidence of impairment at the end of each reporting date. If Ihere is objeclive evidence of impairrnent, an impairment loss is recognised under the appropriate heading in the statement of financial aclivilies in which the initial gain was recognised. 12
Hebridean Pursuits Outdoor Learning Notes to the Financial Statements (conlinu8dJ Year ended 31 March 2025 Accounling policies (coniinued) Flnanclal Instruments (eonfinu•d) For all equity instrLtmenls regardless of significance, and other linancial assels Ihat are individually significant, Ihese are assessed individually for impairmenl. Other linancial assets are eilher assessed individually or grouped on Ihe basis ol similar credit risk characleristics. Any reversals of impairment are recognised immediately, lo the exlenl Ihat the reversal does not resull in a carrying amounl of the financial asset that exceeds whal Ihe carrying amounl would have been had the impairment not previously been recognised. Defined contribution plans Contributions to defined Gonlribulion plans are recogni5ed a5 an expense in Ihe period in which the related service is provided. Prepaid contributions are recognised as an assel to tha extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly wthin 12 months of Ihe end of the reporting date in which Ihe employees render the related service. the liability is measured on a discounted present value basis. The unwinding of the discounl is recognised as an expense in the period in which it arises. Donations and legacles Unreslricled Funds Restricted Tolal Funds Funds 2025 Donatlons Donalions 166 166 13
Hebridean Pursuits Outdoor Learning Notes to Ihe Flnancial Statements Icontinu•dJ Year ended 31 March 2025 Donatlons and legacies fconllnu•d) Unrestricted Funds Roslricled Total Funds Funds 2025 Grants Eainburgh ChikInS FurKI Barr Foundation CCLD The Hedley Foundation The Pump House Trust Camp & Trek Scottish Children's Lottery The D'oyly Carte CT Conundrum Turcan Connell John Kirkhope Young Endowment Fund Ma1hews Wrightson CT Brighter Futures ,'SCLFI Nancie Massey Charilable Trust Creative Breaks Ishared Care Scotlandl The Gosling Foundalion HDH Wills Garfield Weston Foundation Robert 8arr CT The Misses Barrie Outdoors For All John Watson Trust Argyll & Bule Council - ADP Livingwell Ar9yII & Bule CoLncil ADP Transforming Together The Alchemy FoLndalion lvl, S-o-ner CT 9,500 9,500 5.000 4.631 1,000 600 1.000 3,000 14,361 5,000 2,000 5,000 4,631 1,000 600 1.000 3,000 14,361 5,000 2.000 10,000 20,000 2.500 2.000 10.000 20.000 2,500 2.000 22.500 The Pleasai".e Trust Calmac Cornmuniiy Fund The HL'gh Stenhouse Foundaiion 's A$slatIOn 22,500 650 650 1.000 1,000 Deterred Income ', elease 22,040 22,040 74,706 52,242 126,948 Unreslricled Funds Resiricled Total Funds Funds 2024 Donations Donations 1,580 1.580 14
Hebridean Pursuits Outdoor Learning Notes to the Financial Statements fcontinuodj Year ended 31 March 2025 Donations and legaci08 (continued) Unrestricted Funds Reslricled Total Funds Funds 2024 Grants Edinburgh Childrens Fund Barr Foundation CCLD The Hedley Foundation The Pump House Trust Camp & Trek Scottish Childrer,'s Lottery The D'oyly Carte CT Conundrum Turcan Connell John Kirkhope Young Endowment Fund Matthews Wrightson CT Brighter Futures ISCLFI Nancie Massey Charitable Trust Creative Breaks Ishared Care Scotland) The Gosling Foundalion HDH Wills Gartield Weston Foundation Robert Barr CT The Misses Barrie Outdoors For All John Watson Trust Argyll & Bule Council - ADP Livingwell Argyll & Bute Council - ADP Transforming Togelher The Alchemy Foundation Ivl, S=c=ner CT 4,500 4,500 2,000 47,304 2,000 2,000 23.182 5.000 2.000 47,304 2,000 2,000 23,182 5.000 10,000 10.000 1,393 5,000 7,615 1.393 5,000 7,615 1,000 500 22,500 850 2.000 500 1.000 1,500 1,000 500 22,500 The Pleasaice T'ust Calmac Commurily Fund The Hugh Stenhcuse Foundation Dr Guthrie's Ass¢xialion 850 2,000 500 1,000 1.500 Deferred income release 61.762 79,662 141,424 Charilable actlvltles Unrestricted Total Fund8 Unrestricted Total Funds Funds 2025 Funds 2024 Other income from charrcable activities 564 564 15
Hebridean Pursuits Outdoor Learning Notes to the Financial Statements (¢onllnuedJ Year ended 31 March 2025 Other trading & charity acllvilies Unresiricled Funds Reslricied Tolal Funds Funds 2025 Courses 63,143 63,143 Unrestricted Funds Restricted Tolal Funds Funds 2024 Courses 72,140 16,000 88,140 Investment income Unresiricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receivable 2,950 2,950 653 653 Other income Unrestricted Tolal Funds Unrestricled Total Funds Funds 2025 Funds 2024 Gain on disposal of tangible fixed assets held for charity's own use 3,045 3,045 Costs ol raising donations and legacies Unrestricled Funds Restricled Total Funds Funds 2025 Costs of raising donations and legacies 8,553 8,553 Unrestricted Funds Restricted Total Funds Funds 2024 Costs of raising donations and legacies 8.040 840 8,880 16
Hebridean Pursuits Outdoor Learning Notes to the Financlal Statements (eonllftued) Year ended 31 March 2025 10. Expendlture on charltable aclivilies by fund lype Unrestricted Funds Restricled Total Funds Funds 2025 General activities Support costs 107,518 20.717 39,526 147,044 20,717 167,761 128.235 39,526 Unrestricted Funds Resiricled Total Funds Funds 2024 General activities Support costs 103.840 18.248 85,669 840 189,509 19,088 208,597 122,088 86,509 11. Expenditure on charitable activitles by activlty iype Activities undertaken directly Support costs Total funds 2025 Total fund 2024 Gcneral activities Governance costs 147.044 5,516 15,201 152,560 15,201 195,596 13,001 208,597 147,044 20,717 167,761 2025 2024 Wages Accommodation & activity costs Other course cosls 65,539 53,501 28,004 66,201 97,211 26,097 189,509 147,044 12. Analysis of support ¢osls General activities Total 2025 Total 2024 Human resources Governance costs Support costs - Depreciation Support costs - Truslees insurance Support costs - Bank charges 3,401 15,201 1,617 443 55 3,401 15,201 1,617 443 55 3,401 13,001 2,156 373 157 20,717 20,717 19,088 17
Hebridean Pursuits Outdoor Learnlng Notes to the Financial Statements l¢onlinuedJ Year ended 31 March 2025 13. Net income Nel income is staled after chargingllcredilingl: 2025 2024 Depreciation of tangible fixed assets Gains on disposal of tangible fixed assets Operating lease rentals 1,617 2,156 {3,045) 1,133 14. Independenl examinallon fees 2025 2024 FÈo.q payable to the independent examinor for.. Independent examination of the linancial slatemenls 5.760 4.121 15. Staff costs The total slaff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries Employer contributions lo pension plans 72,564 1,528 74,092 72,377 2,704 75,081 The average head count of employees during the year was 212024: 2). The average number ol full-lime equivalent employees during the year is analysed as follows: 2025 No. 2024 No. Staff No employee received employee benefits of more than £60,000 during ihe year12024: Nil). 16. Trustee remunerallon and expenses There were no truslees, remuneration or benefits for Ihe year ended 31 March 2025 nor for the period ended 31 March 2024. There were no trustees. expenses for the year ended 31 March 2025 nor lor Ihe period ended 31 March 2024. 18
Hebridean Pursuits Outdoor Learning Notes to the Financial Statements (continued) Year ended 31 March 2025 17. Tanglble fixed assets Motor vehlcles Cost At 1 Apr 2024 and 31 Mar 2025 Depreclatlon Ai 1 Apr 2024 Charge for the year At 31 Mar 2025 Carrying amount Al 31 Mar 2025 11,500 5,031 1,617 6,648 4,852 At 31 Mar 2024 6,469 18. Debtors 2025 2024 Trade debtors Prepayments and accrued income 7,272 7,564 200 4,489 14,836 4,689 19. Creditors: amounts falllng due wlthin one year 2025 2024 Accruals and deferred income Social security and other taxes 9,194 1,462 10,656 26,377 1,729 28,106 20. Deferred income 2025 2024 Al 1 April 2024 Amount released to income 22,040 122,0401 44,349 (22,3091 22,040 At 31 March 2025 21. Pgnslon8 and other post retirement beneflts Defined contributlon plans The amount recognised in income or expendilure as an expense in relation to defined conlribulion plans was £1,52812024- £2,704). 19
Hebridean Pursuits Outdoor Learning Notes to the Financlal Stalements (¢onUnvadJ Year ended 31 March 2025 22. Analysis of charilable funds Unrestrlcted funds At 1 Apr 2024 Al Transfers 31 Mar 2025 Income Expendf(ure General lund 21,461 141,363 1136,7881 26,036 At Transfers 31 Mar 2024 At 1 Apr 2023 Incorne Expenditure General fund 14,543 137,600 (130,128) 1554) 21,461 Restricled funds At Transfers 31 Mar 2025 At 1 Apr 2024 Income Expenditure Strategic Reserves Slafford Trust Bartleii Foundation Camp & Trek John Walson Trust Argyil & 8ule Maple Trusl Oban Common Good Fund The Hugh Fraser Foundation The Pleasance Trust WT Spooner Dr Gulherie's Association OHS Day Work Edinburgh Childrens Fund The Calmac Community Fund Scottish Children s Lottery The Pump House Trust The Hedley Foundation CCLD Hugh Slenhouse Foundation The D'oyly Carte CT Conundrum Turcan Connell Brighter Futures {SCLF) Nancie Massey Charitable Trust lJohn Kirkhope Young Endowmenl Fund Matthews Wrighlson CT 48,723 (4.797) 14,797) 39,129 12,615 (12,615} 2,993 (2,9931 650 650 1.000 1,000 668 9,500 (5,169} 4,999 1,814 11,814) 5.000 4,797 9,797 912 (122) 790 500 (500) 5,000 5,000 4,631 1.000 4,631 1,000 3.000 2,000 1.000 600 1,000 584 (161 20
Hebridean Pursuits Outdoor Learning Notes to the Financial Statements fconllnuedj Year ended 31 March 2025 22. Analysis of charitable funds (conllnued) Creative Breaks (Shared Care Scotlandl The Gosling Foundation HDH Wills Outdoors For All The Misses Barrie ADP Livingwell ADP Transforming Together 14,361 5,000 2,000 2,000 2,500 14,361 15,000) {2,0001 (2,000) 12,500) 15.ofJOI 5.000 (7,615) (39,526) 7,615 73.225 52,242 85,941 At Transfers 31 Mar 2024 At 1 Apr 2023 Income Expenditure Strategic Reserves Stafford Trust Bartlett Foundalion Camp & Trek John Watson Trust Argyll & Bule Maple Trust Oban Common Good Fund The Hugh Fraser Foundalion The Pleasance Trusl WT Spooner 48,723 4,000 2,893 48,723 13,827) {5.1431 114,690) 11 ,454) (173) 2.250 690 61 14,000 1,393 12.615 12.615 2,824 (3,441) 617 2,925 12.925) 2,993 2,993 850 500 1850) {5001 21
Hebridean Pursuits Outdoor Learning Notes to the Financial Statements (¢(wtlnuedJ Year ended 31 March 2025 22. Analysls of charilable funds (¢ontinu•d) Dr Gutherie's Association OHS Day Work Edinburgh Childrens Fund The Calmac Communily Fund Scottish Children's Lottery The Pump House Trust The Hedley Foundation CCLD Hugh Stenhouse Foundation The D'oyly Carte CT Conundrum Turcan Connell Brighter Futures ISCLF) Nancie Massey Charitable Trust John Kirkhope Young Endowment Fund Matthevws Wrighisoii CT Crealive Breaks (Shared Care Scotlandl The Gosling Foundation HDH Wills Outdoors for All The Misses Barrie ADP Livingwell ADP Transforming Together 1,000 2.000 11.000) {2.0001 4,500 13,8661 34 668 2.000 (186) 1,814 5,000 2.000 2,000 47.304 5,000 12,000) 12,000) 146,3921 912 500 500 64.358 95,662 {87,3491 554 73,225 Restricted funds represent funds provider by the named funders for provision ol funded adventures for young people experiencing disadvantage. 22
Hebridean Pursuits Outdoor Learning Notes to the Financial Statements (conllnuedj Year ended 31 March 2025 23. Analysis of net assets belween funds Unrestricted Funds Reslricled Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 4,852 31,840 110,656) 26,036 4.852 117,781 110,656) 111,977 85,941 85,941 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 6,469 43,098 128,1061 21.461 6,469 116,323 128,106) 94,686 73,225 73,225 23
Hebridean Pursuits Outdoor Learning Management Information Year ended 31 March 2025 The following pages do nol form part of the Ilnancial slatements. 24
Hebridean Pursuits Outdoor Learning Detalled Statement of Financlal Acllvities Year ended 31 March 2025 2025 2024 Income and endowments Donatlons and legacies Donations Edinburgh Childrens Fund Barr Foundation CCLD The Hedley Foundati¢ The Pump House Trust Camp & Trek Scollish Children's Lottery The D'oyly Carte CT Conundrum Turcan Connell John Kirkhope Young Endowment Fund Matthews Wrightson CT Brighler Futures ISCLF) Nancie Massey Charitable Trust Creative Breaks (Shared Care Scotland) The Gosling Foundation HDH Wills Garfield Weston Foundation Robert Barr CT The Misses Barrie Outdoors For All John Walson Trust Argyll & Bule Council - ADP Livingwell Argyll & Bule Council - ADP Transforming Together The Alchemy FoUnda1n vvs oorer CT 166 9,50a 1,580 4,500 2,000 47,304 2.000 2,000 23.182 5,000 5.000 4.631 1,000 600 1,000 2,000 14,361 5,000 2.000 10.000 20,000 2,500 2,000 10.000 1,393 5,000 7,615 1,000 500 22,500 850 2.000 500 1,000 1,500 22,500 650 Tkie Fleasaice Tiust Calmac Community FLnd The Hugh Stenhouse Foundation Dr noL'.hr e's Assccialion 1,000 ue-e"eJ In-ome release 22,040 126,948 141,424 25
Hebridean Pursuits Outdoor Learning Detailed Statemenl of Financial Activities Iconllnuedj Year ended 31 March 2025 2025 2024 Charltable activilles Other income from charitable activities 564 Other Trading & Charlly Aciivities Courses 63,143 88,140 Investment income Bank inleresl receivable 2,950 653 Other Income Gain on disF)osal of iangible fixed assets held for charitvs own uso 3.045 Total Income 193,605 233,262 Expenditure Costs of raising donalions and legacies Legal and professional fees 18,5531 18,8801 Expenditure on charitable activitles Wages and salaries Pension costs Operating leases Rent Insurance Motor vehicle expenses Vehicle leasing/hire Legal and prolessional fees Other office costs Depreciation Sundries Trustees Insurance Bank charges Accommodation & activity costs Equipment renewals Subscriptions Training courses (72,5641 11,5281 172,377) (2,704) 11,1331 14731 14,341) {3,607) 12,230) (10,049) 17,522) 14,6091 12,939) 11,617) 12,156) (1,895) {2,184) (4431 1373) 1551 1157} (53,5011 {97,2111 16,4651 17,5061 13391 17301 {3,3981 1954) {167,7611 (208,597) {5,809) 15,489) Total expenditure 1176,314) (217,477) Net Income 17,291 15,785 26
Hebridean Pursuits Outdoor Learnlng Notes to the Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Costs of raising donations and legacies Costs of raising donations and18gacies External suppon (8,5531 18,8801 Cosls of ralsing donatlons and legacles 18.5531 18.880) Expendllure on charitable activities General activitles Activlties undertaken dlrectly Wages Pension costs Other operating leases Glencoe ground rent Insurance Motor vehicle expenses Vehicle leasing Oflice costs Sundries Accommodation & activity costs Equipment renewals Subscriptions Training courses (64,011) 11,528) 163,4971 12,7041 (1,1331 14731 {4.3411 {3,607) (2,230) 14,6091 12,939) 11,895) 12,184) (53,501) (97,2111 16,465) 17,5061 13391 17301 (3,398) 1954) 1147,0441 1189,509} {5,8091 15,4891 Support costs HR & Fees Depreciation Trustees insurance Bank charges 13,4011 11,617) 14431 (551 15,5161 13,4011 (2,1561 1373) (157) (6,0871 Governance costs Development manager Governance costs - accountancy fees 18,553) 16,648) (15,2011 (8,880) {4,121) 113,0011 Expenditure on charitable activities 1167,7611 1208,5971 27