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REGISTERED COMPANY NUMBER: 01928183 (England and Wales)
REGISTERED CHARITY NUMBER: 517419














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Parson House Outdoor Pursuits Centre

Parson House Outdoor Pursuits Centre






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 13

Parson House Outdoor Pursuits Centre (Registered number: 01928183)

Report of the Trustees
for the Year Ended 31 March 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote any charitable purpose for the benefit of young people including without limitation the establishment of a centre for young people for the purpose of helping and educating such persons through their leisure time activities so as to develop their physical, mental and spiritual capacities so that they may grow to full maturity as individuals and members of society and that their conditions of life may be improved. The strategies employed to achieve the charity's objectives are to offer a full range of outdoor activities for young people.

We confirm that as Charity Trustees we have given due consideration, as required by s.4 Charities Act 2006, to the Charity Commission's published guidance on the operation of Public Benefit requirement for charities.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
Bookings have been good, and Gramps the holiday apartment and our new studio is popular.

The Centre extended it's bounce back loan for an additional 4 years to make monthly repayments more affordable.

An industrial washing machine was purchased for accommodation laundry and we are having new fire alarms fitted soon.

The Centre will celebrate it's 50th year in 2024 and the Executive Committee is going from Strength to Strength.

FINANCIAL REVIEW
Reserves policy
Strategy is to continue with our plans to appeal to a wider market and to build reserves through operating surpluses.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 3 July 1985, and registered as a charity on 25 June 1986. The company is governed by its Memorandum and Articles of Association dated 5 August 1983 and amended on 10 October 2005. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees
As set out in the Articles of Association the number of trustees shall not be less than three nor more than seven and at every annual general meeting one-third of the directors retire by rotation, no person other than a director retiring by rotation shall be appointed or re-appointed a director unless he is recommended by the directors.

Induction and training of new trustees
We endeavour to recruit new trustees from the local area preferably with experience in working with or for charitable organisations. If we recruit any with little or no experience it is our policy for them to be paired with someone with experience for the first year or so.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
01928183 (England and Wales)

Registered Charity number
517419


Parson House Outdoor Pursuits Centre (Registered number: 01928183)

Report of the Trustees
for the Year Ended 31 March 2024

Registered office
Parson House Outdoor Pursuits Centre
Longshaw
Sheffield
S11 7TZ

Trustees
Mr D Garner Chairman (resigned 4.11.2023)
Mr C Flynn Treasurer
Mr R Wilkinson Secretary (resigned 4.11.2023)
Mr J Shelton
Mr P Davies Chairman (appointed 4.5.2023)
Mrs C Davies Secretary (appointed 4.5.2023)

Independent Examiner
T Barlow ATT
The Tax Team Limited
Omega Court
368 Cemetery Road
SHEFFIELD
S11 8FT

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 18 October 2024 and signed on its behalf by:





Mr P Davies - Trustee

Independent Examiner's Report to the Trustees of
Parson House Outdoor Pursuits Centre

Independent examiner's report to the trustees of Parson House Outdoor Pursuits Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

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 accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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.








T Barlow ATT

The Tax Team Limited
Omega Court
368 Cemetery Road
SHEFFIELD
S11 8FT

26 November 2024

Parson House Outdoor Pursuits Centre

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 March 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Children's courses 51,741 - 51,741 65,426

Other trading activities 2 58,494 - 58,494 64,677
Investment income 3 2,080 - 2,080 1,920
Total 112,315 - 112,315 132,023

EXPENDITURE ON
Charitable activities
Shop 5,118 - 5,118 7,456
Transport and travel 7,486 - 7,486 13,920
Depreciation 2,338 - 2,338 2,689
Governance costs 61,996 - 61,996 63,588
Loss on sale of motor vehicle - - - 1,216

Other 47,407 - 47,407 51,703
Total 124,345 - 124,345 140,572

NET INCOME/(EXPENDITURE) (12,030 ) - (12,030 ) (8,549 )
Transfers between funds 13 810 (810 ) - -
Net movement in funds (11,220 ) (810 ) (12,030 ) (8,549 )

RECONCILIATION OF FUNDS
Total funds brought forward 768,720 4,049 772,769 781,318

TOTAL FUNDS CARRIED FORWARD 757,500 3,239 760,739 772,769

Parson House Outdoor Pursuits Centre (Registered number: 01928183)

Balance Sheet
31 March 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 800,316 3,239 803,555 804,693

CURRENT ASSETS
Debtors 9 1,040 - 1,040 3,460
Cash at bank and in hand - - - 5,664
1,040 - 1,040 9,124

CREDITORS
Amounts falling due within one year 10 (24,801 ) - (24,801 ) (21,215 )

NET CURRENT ASSETS (23,761 ) - (23,761 ) (12,091 )

TOTAL ASSETS LESS CURRENT
LIABILITIES

776,555

3,239

779,794

792,602

CREDITORS
Amounts falling due after more than one year 11 (19,055 ) - (19,055 ) (19,833 )

NET ASSETS 757,500 3,239 760,739 772,769
FUNDS 13
Unrestricted funds 757,500 768,720
Restricted funds 3,239 4,049
TOTAL FUNDS 760,739 772,769

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Parson House Outdoor Pursuits Centre (Registered number: 01928183)

Balance Sheet - continued
31 March 2024

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


The financial statements were approved by the Board of Trustees and authorised for issue on 18 October 2024 and were signed on its behalf by:





Mr P Davies - Trustee

Parson House Outdoor Pursuits Centre

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Freehold property - not provided
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

It is the policy of the Trustees to maintain the building in such a condition that it's useful economic life is indeterminate. In the opinion of the Trustees this policy results in the residual value of the property (by reference to the revaluation) being not less than it's present carrying value in the accounts. Consequently no depreciation is charged on Land and buildings.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The company subscribes to a defined contribution scheme for its permanent employee, the contributions to the scheme are charged in the statement of financial activities as they accrue.


Parson House Outdoor Pursuits Centre

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Adult courses 44,045 50,091
B&B and camping 12,671 12,566
Climbing wall and other income 1,778 2,020
58,494 64,677

3. INVESTMENT INCOME
2024 2023
£    £   
Rents received 2,080 1,920

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 2,338 2,689
Deficit on disposal of fixed assets - 1,216

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


6. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
Centre manager 1 1
Staff 1 1
2 2

No employees received emoluments in excess of £60,000.


Parson House Outdoor Pursuits Centre

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Children's courses 65,426 - 65,426

Other trading activities 64,677 - 64,677
Investment income 1,920 - 1,920
Total 132,023 - 132,023

EXPENDITURE ON
Charitable activities
Shop 7,456 - 7,456
Transport and travel 13,920 - 13,920
Depreciation 2,689 - 2,689
Governance costs 63,588 - 63,588
Loss on sale of motor vehicle 1,216 - 1,216

Other 51,703 - 51,703
Total 140,572 - 140,572

NET INCOME/(EXPENDITURE) (8,549 ) - (8,549 )
Transfers between funds 1,012 (1,012 ) -
Net movement in funds (7,537 ) (1,012 ) (8,549 )

RECONCILIATION OF FUNDS
Total funds brought forward 776,257 5,061 781,318

TOTAL FUNDS CARRIED FORWARD 768,720 4,049 772,769


Parson House Outdoor Pursuits Centre

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 795,000 136,498 39,825 971,323
Additions - 1,200 - 1,200
At 31 March 2024 795,000 137,698 39,825 972,523
DEPRECIATION
At 1 April 2023 - 130,003 36,627 166,630
Charge for year - 1,539 799 2,338
At 31 March 2024 - 131,542 37,426 168,968
NET BOOK VALUE
At 31 March 2024 795,000 6,156 2,399 803,555
At 31 March 2023 795,000 6,495 3,198 804,693

The freehold land and buildings of £795,000 are stated at valuation.

Parson House Outdoor Pursuit Centre was given a open market valuation of £795,000 in May 2019 by SC Fishwick, FNAEA, FICBA. (The previous open market valuation was £775,000 in July 2013)

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,040 3,164
Prepayments - 296
1,040 3,460

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 12) 7,452 7,000
Payments on account 11,150 11,673
Trade creditors 2,497 1,042
Social security and other taxes 440 -
Other creditors 3,262 1,500
24,801 21,215


Parson House Outdoor Pursuits Centre

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 12) 19,055 19,833

12. LOANS

The Charity obtained a Bounce Back Loan of £35,000 during February 2021 repayable over a term of 10 years.

13. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 768,720 (12,030 ) 810 757,500

Restricted funds
Sustainable development/equipment 4,049 - (810 ) 3,239

TOTAL FUNDS 772,769 (12,030 ) - 760,739

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 112,315 (124,345 ) (12,030 )

TOTAL FUNDS 112,315 (124,345 ) (12,030 )


Comparatives for movement in funds

Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
£    £    £    £   
Unrestricted funds
General fund 776,257 (8,549 ) 1,012 768,720

Restricted funds
Sustainable development/equipment 5,061 - (1,012 ) 4,049

TOTAL FUNDS 781,318 (8,549 ) - 772,769

Parson House Outdoor Pursuits Centre

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 132,023 (140,572 ) (8,549 )

TOTAL FUNDS 132,023 (140,572 ) (8,549 )

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 776,257 (20,579 ) 1,822 757,500

Restricted funds
Sustainable development/equipment 5,061 - (1,822 ) 3,239

TOTAL FUNDS 781,318 (20,579 ) - 760,739

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 244,338 (264,917 ) (20,579 )

TOTAL FUNDS 244,338 (264,917 ) (20,579 )

Purposes of restricted funds

These are grants for sustainable development/equipment expenditure included in additions to tangible fixed assets.

Total unrestricted funds includes revaluation reserves of £668,707 (2023 £668,707)


Parson House Outdoor Pursuits Centre

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.