Company registration number 09295346 (England and Wales)
MOUNTAIN TRAINING CYMRU BOARD LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
MOUNTAIN TRAINING CYMRU BOARD LIMITED
CONTENTS
Page
Directors' report
1 - 3
Balance sheet
4
Notes to the financial statements
5 - 8
MOUNTAIN TRAINING CYMRU BOARD LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2023
- 1 -

The directors present their annual report and financial statements for the year ended 31 March 2023.

Principal activities

The principal activity of the company is to advance, for the public benefit of education and training, primarily in Wales, the skills required for leading and instructing safe hill, mountain, moorland and countryside walking and indoor climbing, rock climbing, and other associated activities practised in cliff and mountain environments, and to offer advice on matters of training and safety.

Directors

The directors who served for the year ended 31 March 2023 were:

Andy Newton        Chair

Allan Gibbs        Director

Andy Bevan        Director

Bryn Williams        Director

E S H Scott and R Jones were appointed as directors on 7 June 2023.

 

Secretary and Executive Officer

Simon Patton

MOUNTAIN TRAINING CYMRU BOARD LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -

A management Board of members, drawn from a wide range of interested organisation advises the Directors on all aspects of the Company’s activities. The Directors and the Management Council have met regularly during the year. The Management Council was constituted as follows:

 

Members

Association of Heads of Outdoor Education Centres        Andy Meek

Association of Mountaineering Instructors            Andy Newton

British Associations of International Mountain Leaders        Ross Worthington

British Mountaineering Council Cymru                Matt Woodfield

British Association of Mountain Guides                Phill George

Duke of Edinburgh’s Award Cymru                Steph Price

Girlguiding Cymru                        Gill Beazley

North Wales Mountain Rescue Association            Tim Radford

Plas y Brenin                            Helen Barnard

Outdoor Education Advisors Panel                Mike Rosser

Ramblers Cymru                        Angela Charlton

Scouts Cymru                            Wyn Owen

 

Advisors/observers

Association of British Climbing Walls Training Trust         vacant

British Mountaineering Council                    vacant

Independent advisor                        Will Kilner

Institute for Outdoor Learning                    vacant

Joint Services Mountain Training Centre                Chris Forrest

Mountain Training UK and Ireland                John Cousins

Natural Resources Wales                    Joe Roberts

Y Partneraith Awyr Agored/ Outdoor Partnership        Simon Jones

Wales Activity Tourism Organisation                Paul Donovan

 

 

MOUNTAIN TRAINING CYMRU BOARD LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -

Review of Progress and Achievements

 

The year has been a busy one for Mountain Training Cymru and has seen a steady return to more normal ways of operating and an increased level of course activity as the Covid restrictions have eased. Scheme registrations and course attendance figures are now broadly in line with pre-covid levels.

The Board have held four meeting this year and three Members Council meetings. The nature of our meetings has now settled into a hybrid format with members attending either in person or online.

Sadly, our Treasurer passed away in June. We are recruiting again to find a replacement as soon as possible. At the AGM, the Council members agreed that the company’s finances should be managed temporarily by Mountain Training’s Finance team, and MTC’s secretary.

 

Mountain Training Cymru is proud of a number of achievements and collaborations during the year. These include the implementation of a safeguarding policy, our work alongside the other Boards to launch the revised walking schemes, a new scheme called Camping Leader, and sharing, with Mountain Training England, a well-attended and well-received provider conference.

 

Post covid financial stability has created an opportunity to relaunch our bursary scheme. This was created to support candidates whose personal financial situation may be a barrier to taking part, and whose participation in a leadership qualification training or assessment may promote MTC’s commitment to equity, diversity, and inclusion. The bursary is available to all MTC Council member organisations.

 

As with many of the member organisations, in the coming year Mountain Training Cymru aims to prioritise strategies for improving diversity and inclusion within its work. There is some evidence that people from a more diverse range of backgrounds are participating in walking and climbing activities, but at the moment this isn’t so much the case with course members, award holders, providers or indeed the Board’s own directors. Mountain Training Cymru will be keen to work with the member organisations to share ideas and success stories, in the hope that we can help each other to increase participation from underrepresented groups.

 

.

 

 

Simon Patton
Company Secretary
28 August 2023
MOUNTAIN TRAINING CYMRU BOARD LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 4 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
5
6,977
38,079
Cash at bank and in hand
87,031
49,548
94,008
87,627
Creditors: amounts falling due within one year
6
(9,976)
(10,007)
Net current assets
84,032
77,620
Reserves
-
0
Income and expenditure account
84,032
77,620
Members' funds
84,032
77,620

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 28 August 2023 and are signed on its behalf by:
A Newton
Director
Company Registration No. 09295346
MOUNTAIN TRAINING CYMRU BOARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
1
Accounting policies
Company information

Mountain Training Cymru Board Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Siabod Cottage, Capel Curig, Betws Y Coed, Conwy, United Kingdom, LL24 0ES.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

 

Expenses include VAT where applicable as the company cannot reclaim it.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and fittings
33% or 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

MOUNTAIN TRAINING CYMRU BOARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 6 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in surplus or deficit immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in surplus or deficit depends on the nature of the hedge relationship.

 

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

MOUNTAIN TRAINING CYMRU BOARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 7 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was :

2023
2022
Number
Number
Total
-
0
-
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 and 31 March 2023
1,327
Depreciation and impairment
At 1 April 2022 and 31 March 2023
1,327
Carrying amount
At 31 March 2023
-
0
At 31 March 2022
-
0
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Service charges due
6,200
6,514
Other debtors
777
31,565
6,977
38,079
MOUNTAIN TRAINING CYMRU BOARD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 8 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,727
2,828
Other creditors
6,249
7,179
9,976
10,007
7
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

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