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For the year ended 31 December 2023
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 31 December 2023
Mountainwise
Contents Page
1 to 2
Report of the Trustees
3
Independent Examiner's Report to the Trustees
4
Statement of Financial Activities
5
Statement of Financial Position
6 to 14
Notes to the Financial Statements
3
For the year ended 31 December 2023
Mountainwise
Report of the Trustees
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the |
financial statements for the charitable company for the year ended 31 December 2023. The Trustees have adopted the |
provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing |
their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS |
102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES
Objectives and aims
To provide a range of educational and recreational activities such as the Duke of Edinburgh Award Expedition Programme in order to advance the education of the public, in particular but not exclusively in the subject of the physical and natural environment. |
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. |
ACHIEVEMENTS AND PERFORMANCE
Significant activities
Activities carried out in this financial period include the following: Provision of Duke of Edinburgh Award Expedition Programme at Bronze, Silver and Gold level. Provision of outdoor residentials in conjunction with Families Forward, a division of the Adolescent Service in the Royal Borough of Kensington and Chelsea, which focuses on the care and rehabilitation of families at risk, utilising the principles of systemic family therapy. · Canoeing on the Medway river.· Climbing - weekly sessions at Chelsea Academy climbing wall.· Climbing residentials in the Peak district.· Camping residential in Dorset. Provision of the National Government Body qualifications through Mountain Training. We provide training and assessment in the following: · CWI - Climbing Wall Instructor· CWDI - Climbing Wall Development Instructor· RCI - Rock Climbing Instructor· CWIA - Climbing Wall Instructor Abseil Module· ML - Mountain Leader Award Provision of Technical Advisorship service to a number of indoor climbing walls in and around the London area. Plans for the future · To continue with all existing provision. |
The reserves policy is that at least 6 months expenditure to be retained as reserves at all times. In this financial period the reserves were comfortably above this level. |
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4
For the year ended 31 December 2023
Mountainwise
Report of the Trustees Continued
STRUCTURE, GOVERNANCE AND MANAGEMENT |
The Charity's governing documents are its Memorancdumand Articles of Associsation.There are five trustees some of |
whomaredirectly involved in the day to day management of the charity. |
The Mountainwise constitution is based on the following principles: |
--Collective decision making. There is no leader, all decisions affecting the organisation are made collectively at meetings. |
--This system requires that all members are to respect the decision making process and the decisions that are made |
whether they are in agreement or not. |
--Tasks, roles and responsibilities are shared out in order to sustain the organisation |
--A minimum of two trustees are required to ratify important decisions for the organisation. Decisions are made collectively |
at meetings. |
Meetings are arranged as required except for the AGM which is held in December each year. |
In addition to the scheduled meeting any trustee or member of staff can call an extraordinary meeting at any time. |
If a trustee or member of staff wishes to call an extraordinary meeting, at least two weeks' notice is required. All trustees or |
members of staff can put forward any agenda item they wish for a meeting. The agenda is circulated two weeks before the |
meeting. Any trustee or member of staff can add an agenda item at the start of a meeting. |
Quorum level is 3 trustees. If no consensus is reached majority voting is used to reach a decision. Minutes of the meeting |
are circulated to members within two weeks of the date of the meeting. |
The trustees have looked at the risks and are satisfied that steps have been taken to mitigate them. |
REFERENCE AND ADMINISTRATIVE INFORMATION |
Mountainwise
Charity registration number |
1132529
07106449
Company registration number |
The trustees and officers serving during the year and since the year end were as follows:
Billie Chan
Maria Gandy
James Hewson
Harry Whelan
Karen Long
Andrew M Wells FMAAT
Counterculture Partnership LLP
66 High Street
Lewes
East Sussex
BN7 1XG
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5
For the year ended 31 December 2023
Mountainwise
Report of the Trustees Continued
............................................................................. |
Approved by the Board of Trustees and signed on its behalf by |
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6
For the year ended 31 December 2023
Mountainwise
Independent Examiners Report to the Trustees
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 December 2023. |
Responsibilities and basis of report |
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. |
Independent examiners statement |
Since the Charitable company's gross income exceeded £250,000, your examiner must be a member of a body listed in |
section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of |
Association of Accounting Technicians, which is one of the listed bodies. |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination |
giving me cause to believe that in any material respect: |
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or |
2. the accounts do not accord with those records; or |
3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the |
accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or |
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended |
Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the |
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be |
drawn in this report in order to enable a proper understanding of the accounts to be reached. |
Andrew M Wells FMAAT
Counterculture Partnership LLP
66 High Street
Lewes
East Sussex
BN7 1XG
04 September 2024
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7
For the year ended 31 December 2023
Mountainwise
Statement of Financial Activities (including Income and Expenditure Account)
2022
2023
Income and endowments from: |
284,659
245,355
-
284,659
2
284,659
245,355
-
284,659
(262,173)
(3,942)
(266,115)
(231,985)
3/4
(266,115)
(231,985)
(3,942)
(262,173)
18,544
13,370
(3,942)
22,486
Total funds brought forward |
133,140
146,510
3,942
142,568
Total funds carried forward |
165,054
-
165,054
146,510
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8
Mountainwise
Statement of Financial Position
2023
2022
10,884
17,567
10
10,884
17,567
9,621
5,051
11
Debtors
150,370
147,892
159,991
152,943
Creditors: amounts falling due within one year |
(5,821)
(24,000)
12
Net current assets
154,170
128,943
Total assets less current liabilities |
165,054
146,510
Net assets
165,054
146,510
13
-
3,942
Unrestricted income funds |
13
165,054
142,568
165,054
146,510
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, |
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by: |
04 September 2024
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For the year ended 31 December 2023
Mountainwise
Notes to the Financial Statements
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. Mountainwise meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). |
The financial statements are prepared, on a going concern basis, under the historical cost convention. |
The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the |
financial statements on the grounds that the charitable company is small. |
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment. Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes. Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them. There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above |
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. |
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure. Allocation of support costsResources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity,comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on stafftime, of the amount attributable to each activity. Duke of Edinburgh Award Expedition 84%Other Educational Activities 16% |
As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities. |
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For the year ended 31 December 2023
Mountainwise
Notes to the Financial Statements Continued
Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Irrecoverable VAT is included in the Statement of Financial Activities, and is reported as part of the expenditure to which it |
relates. |
2. Income from charitable activities |
2022
2023
Duke of Edinburgh Award |
Expedition |
239,945
213,391
Course fees
Other educational activities
44,714
31,964
Course fees
245,355
284,659
3. Costs of charitable activities by fund type |
2022
2023
206,027
3,942
169,491
209,969
Duke of Edinburgh Award |
Expedition |
46,398
-
49,226
46,398
Other educational activities
9,748
-
13,268
9,748
Support costs
262,173
3,942
231,985
266,115
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11
For the year ended 31 December 2023
Mountainwise
Notes to the Financial Statements Continued
4. Costs of charitable activities by activity type |
2022
2023
Activities |
undertaken |
directly |
Duke of Edinburgh Award |
Expedition |
218,157
8,188
209,969
180,605
Other educational activities
47,958
1,560
46,398
51,380
256,367
9,748
266,115
231,985
5. Analysis of support costs |
2022
2023
Other |
educational |
activities |
Duke of |
Edinburgh |
Award |
Expedition |
Management
Staff costs - pension |
contributions |
-
-
-
349
Subscriptions
5,406
1,030
6,436
9,533
Insurance
2,106
401
2,507
1,831
7,512
1,431
8,943
11,713
Finance
Finance
19
4
23
-
Governance costs
Accountancy fees
657
125
782
792
Interest payable
-
-
-
763
657
125
782
1,555
13,268
8,188
1,560
9,748
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12
For the year ended 31 December 2023
Mountainwise
Notes to the Financial Statements Continued
6. Net income/(expenditure) for the year |
This is stated after charging/(crediting): |
2023
2022
Depreciation of owned fixed assets |
6,683
7,386
782
792
Staff pension contributions |
5,802
5,789
7. Staff costs and emoluments |
Total staff costs for the year ended 31 December 2023 were: |
2023
2022
84,308
89,123
15,767
3,285
5,802
5,789
105,877
98,197
2023
2022
5
Charitable activities
No employee earned more than £60,000 during the year (2023:£nil). |
The total employee benefits including pension contributions of the key management personnel were £109,952. |
8. Trustee remuneration and related party transactions |
Two trustees were paid for their services to the charity (2023:42,483). |
The charity trustees were not paid for thier role as trustees (2023:£nil). |
9. Comparative for the Statement of Financial Activities |
The comparative year values on the Statement of Financial Activites are for unrestricted funds. |
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For the year ended 31 December 2023
Mountainwise
Notes to the Financial Statements Continued
10. Tangible fixed assets |
91,774
65,528
26,246
26,246
65,528
91,774
74,207
48,516
25,691
Charge for year
6,683
6,128
555
80,890
54,644
26,246
-
555
10,884
17,012
10,884
17,567
2023
2022
Amounts due within one year: |
3,520
320
Prepayments and accrued income |
5,303
3,671
798
1,060
9,621
5,051
12. Creditors: amounts falling due within one year |
2023
2022
-
16,080
4,309
6,408
Accruals and deferred income |
1,512
1,512
5,821
24,000
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14
For the year ended 31 December 2023
Mountainwise
Notes to the Financial Statements Continued
General
142,568
284,659
(262,173)
165,054
General
142,568
284,659
(262,173)
165,054
Unrestricted Funds - Previous year |
General
129,198
245,355
(231,985)
142,568
General
129,198
245,355
(231,985)
142,568
Purpose of unrestricted Funds |
General
The provision of educational and recreational activities
Out of the City, Into |
the Wild |
-
3,942
(3,942)
3,942
(3,942)
-
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15
For the year ended 31 December 2023
Mountainwise
Notes to the Financial Statements Continued
Restricted Funds - Previous year |
Out of the City, Into |
the Wild |
3,942
3,942
-
3,942
-
3,942
Purpose of restricted funds |
Out of the City, Into the Wild
This fund is grantfunded and exists promote outdoor activity
14. Analysis of net assets between funds |
Net current |
assets / |
(liabilities) |
Net Assets
Unrestricted funds
General
10,884
154,170
165,054
General
Restricted funds
10,884
154,170
165,054
Net current |
assets / |
(liabilities) |
Net Assets
Unrestricted funds
General
17,567
125,001
142,568
General
Restricted funds
-
3,942
3,942
Out of the City, Into the |
Wild |
17,567
128,943
146,510
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16
For the year ended 31 December 2023
Mountainwise
Notes to the Financial Statements Continued
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