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REGISTERED COMPANY NUMBER: 04226512 (England and Wales)
REGISTERED CHARITY NUMBER: 1090203










Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Mountain Training United Kingdom &
Ireland Ltd

Mountain Training United Kingdom &
Ireland Ltd






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6

Cash Flow Statement 7

Notes to the Cash Flow Statement 8

Notes to the Financial Statements 9 to 15

Mountain Training United Kingdom &
Ireland Ltd (Registered number: 04226512)

Report of the Trustees
for the year ended 31 December 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 December 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 AIMS

Mountain Training United Kingdom & Ireland Limited purpose is to develop education and training schemes in walking, climbing, mountaineering and related activities. These activities take place on artificial climbing wall, hill and mountain environments. The schemes are focused on personal skills, leadership, instruction or coaching and are for the benefit of the public.

It achieves its objectives in the following ways:

To provide a structure for the Mountaineering Councils and the national Mountain Training organisations to discuss and agree the strategic direction and objectives for Mountain Training in the UK and Ireland and wherever appropriate to embrace and value stronger collaboration.

To manage overarching projects set by the members (Mountain Training organisations and Mountaineering Councils) and provide technical and administrative services and support as required by individual member organisations.

To be the spokesperson for the national Mountain Training organisations on issues of shared interest and to manage the Mountain Training website and the Candidate Management System.

To ensure that all Mountain Training qualifications and courses are of equal standard across the UK and Ireland.

To act as the Awarding Organisation for the Coaching Scheme, the International Mountain Leader and the Mountaineering and Climbing Instructor Scheme, working with our three national centres and our independent coaching providers.

To manage the Mountain Training Association and provide membership services for the Association of Mountaineering Instructors, the British Association of International Mountain Leaders and the British Mountain Guides. This is to support qualified leaders, instructors, coaches and guides both in accessing necessary services and enabling the public to choose current and competent, suitable leaders, coaches instructors and guides.

To manage Mountain Training Publications and publish a range of technical handbooks and media in support of the Mountain Training qualifications and courses.

To ensure effective communications and marketing campaigns that raise awareness of our training programmes and promotes our leaders. - This is supported by ongoing research and review of our training schemes, candidates pathways and provider provision.

ACHIEVEMENT AND PERFORMANCE
MTUKI is directly responsible for six qualifications, coordinating a further nine qualification schemes and six skills schemes. Overall candidate numbers for 2024 were 12,756, nearly identical to 2022 but down on 2023' figure of 13,788 (7.5% reduction). Significant work was completed through the year to reach agreement on a revised International Mountain Leader standard as well as developing the detailed content for a Bouldering Wall Instructor qualification. Safe practice and quality training are at the heart of what all our providers deliver and this was reflected throughout the year in the delivery of our existing training schemes. The Council of Mountain Training United Kingdom & Ireland met three times in spring, summer and autumn. Its nominated Directors held additional quarterly meetings to manage the organisation through the year. We made the decision to hold one Council meeting face to face (thanks to Glenmore Lodge, National Outdoor Centre for hosting this in 2024) and all others, as well as Board meetings, on-line. These arrangements were, effective, financially beneficial and also reduced our carbon footprint.

FINANCIAL REVIEW
Reserves policy
Reserves policy It has been the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been achieved. Overall, a deficit of £52K is reported against a deficit of £49K last year. This is made up of memberships, subscriptions and course registrations of £656K, up £125K (24%) and grants and gift aid income of £59K, down £3K, being offset by increase is development of the in-house candidate management system and coaching development schemes of £75K, and higher governance costs, including staffing and consultancy, of £22K.


Mountain Training United Kingdom &
Ireland Ltd (Registered number: 04226512)

Report of the Trustees
for the year ended 31 December 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure
The charity is a company limited by guarantee.

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

Mr S M Wood
Ms L N Vincent
Other changes in directors holding office are as follows:
Mr P J Anderson - resigned 12th February 2024
Ms E L Ablett - resigned 25th April 2024
Mr S Saddler - resigned 29th June 2024
Mr A Last - resigned 29th June 2024
Mr S Davies - appointed 29th June 2024
Ms L Robinson - appointed 29th June 2024
Mr R Tiplady - appointed 29th June 2024
Mr R Chapman - appointed 29th June 2024
Mr K Redmond - appointed 29th June 2024
Mr G Hassall - appointed 29th June 2024

Trustees are appointed by recommendation to the Board.

The induction process for newly appointed Trustees comprises an initial meeting with the Chair, followed by a series of short meetings on specific aspects of the charity's work including the powers and responsibilities of individual trustees and the Board. A brief history of the charity, copies of Board minutes, accounts and a copy of the Charity Commission's guidance "The Essential Trustee: What you need to know" are available for new Trustees.

None of the trustees has any beneficial interest in the company.

The organisation of the charity is simple, decisions being made by the Trustees and voting representatives.

There are no charities directly connected with Mountain Training United Kingdom & Ireland Limited. However, several bodies nominate voting representatives to the Council. During the year the following appointments as voting representatives were current: -

Mountain Training Board Ireland - D Stelfox
Mountaineering Ireland - J Moore
Mountain Training Cymru - A Newton / A Bevan
BMC Cymru - N Hockley
Mountain Training England - P Stacey & S Manns
British Mountaineering Council - C Allwood
Mountain Training Scotland - M Crawford & M Dignam
Mountaineering Scotland - R Cadie


Mountain Training United Kingdom & Ireland Limited owns 100% of the issued share capital of Mountain Training Publications Limited, a company registered in England & Wales.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04226512 (England and Wales)

Registered Charity number
1090203

Registered office
Siabod Cottage
Capel Curig
Conwy
LL24 0ES


Mountain Training United Kingdom &
Ireland Ltd (Registered number: 04226512)

Report of the Trustees
for the year ended 31 December 2024

Trustees
Mr S Saddler (resigned 29/6/24)
Mr A Last Chair of Trustees (resigned 29/6/24)
Ms L N Vincent
Mr P J Anderson (resigned 12/2/24)
Mr S M Wood
Ms E L Ablett (resigned 23/4/24)
Mr S Davies (appointed 29/6/24)
Mr R D Tiplady (appointed 29/6/24)
Mr K Redmond (appointed 29/6/24)
Mr G N Hassall (appointed 29/6/24)
Ms L Robinson (appointed 29/6/24)
Mr R Chapman (appointed 29/6/24)

Company Secretary
Mr J F G Cousins

Independent Examiner
Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

ASSET COVER FOR FUNDS
The charity operates a single unrestricted fund. The assets available for this fund are sufficient to meet the charity's obligations on a day to day basis.

Approved by order of the board of trustees on 16 June 2025 and signed on its behalf by:





Mr K Redmond - Trustee

Independent Examiner's Report to the Trustees of
Mountain Training United Kingdom &
Ireland Ltd

Independent examiner's report to the trustees of Mountain Training United Kingdom & Ireland Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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:

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.








Aled Roberts BA (Hons) FCA

Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

16 June 2025

Mountain Training United Kingdom &
Ireland Ltd

Statement of Financial Activities
for the year ended 31 December 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 58,910 - 58,910 62,653

Charitable activities 5
Mountain Training and Co-ordination 656,074 - 656,074 531,218

Other trading activities 3 2,374 - 2,374 1,724
Investment income 4 2,113 - 2,113 -
Total 719,471 - 719,471 595,595

EXPENDITURE ON
Raising funds 1,469 - 1,469 752

Charitable activities 6
Mountain Training and Co-ordination 501,779 - 501,779 451,355

Other 267,751 - 267,751 192,218
Total 770,999 - 770,999 644,325

NET INCOME/(EXPENDITURE) (51,528 ) - (51,528 ) (48,730 )


RECONCILIATION OF FUNDS
Total funds brought forward 167,679 - 167,679 216,409

TOTAL FUNDS CARRIED FORWARD 116,151 - 116,151 167,679

Mountain Training United Kingdom &
Ireland Ltd (Registered number: 04226512)

Balance Sheet
31 December 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 11 8,797 - 8,797 347
Tangible assets 12 21,224 - 21,224 7,766
Investments 13 2 - 2 2
30,023 - 30,023 8,115

CURRENT ASSETS
Stocks 14 5,721 - 5,721 500
Debtors 15 82,105 - 82,105 82,712
Cash at bank and in hand 199,792 - 199,792 272,882
287,618 - 287,618 356,094

CREDITORS
Amounts falling due within one year 16 (201,490 ) - (201,490 ) (196,530 )

NET CURRENT ASSETS 86,128 - 86,128 159,564

TOTAL ASSETS LESS CURRENT LIABILITIES 116,151 - 116,151 167,679

NET ASSETS 116,151 - 116,151 167,679
FUNDS 18
Unrestricted funds 116,151 167,679
TOTAL FUNDS 116,151 167,679

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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 16 June 2025 and were signed on its behalf by:





Mr K Redmond - Trustee

Mountain Training United Kingdom &
Ireland Ltd

Cash Flow Statement
for the year ended 31 December 2024

2024 2023
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 (54,654 ) 5,457
Net cash (used in)/provided by operating activities (54,654 ) 5,457

Cash flows from investing activities
Purchase of intangible fixed assets (10,150 ) -
Purchase of tangible fixed assets (30,835 ) (5,417 )
Interest received 2,113 -
Net cash used in investing activities (38,872 ) (5,417 )

Cash flows from financing activities
Capital repayments in year 20,436 -
Net cash provided by financing activities 20,436 -

Change in cash and cash equivalents in
the reporting period

(73,090

)

40
Cash and cash equivalents at the
beginning of the reporting period

272,882

272,842
Cash and cash equivalents at the end of
the reporting period

199,792

272,882

Mountain Training United Kingdom &
Ireland Ltd

Notes to the Cash Flow Statement
for the year ended 31 December 2024

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024 2023
£    £   
Net expenditure for the reporting period (as per the Statement of
Financial Activities)

(51,528

)

(48,730

)
Adjustments for:
Depreciation charges 19,078 6,028
Interest received (2,113 ) -
amount owed by group undertaking (17,433 ) 16,223
(Increase)/decrease in stocks (5,221 ) 285
Decrease/(increase) in debtors 20,242 (4,722 )
(Decrease)/increase in creditors (17,679 ) 36,373
Net cash (used in)/provided by operations (54,654 ) 5,457


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/24 Cash flow At 31/12/24
£    £    £   
Net cash
Cash at bank and in hand 272,882 (73,090 ) 199,792
272,882 (73,090 ) 199,792

Debt
Finance leases - (20,436 ) (20,436 )
- (20,436 ) (20,436 )
Total 272,882 (93,526 ) 179,356

Mountain Training United Kingdom &
Ireland Ltd

Notes to the Financial Statements
for the year ended 31 December 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, with the exception of investments which are included at market value.

The Financial Statements show results for the charity only and not for its subsidiary. Group accounts are not prepared as the relevant income is below the threshold for the preparation of group accounts set out in the Charities (Accounts and Reports) Regulations 2015.

Income
Grants are received by the charity to fund it's principle aims and objectives on a revenue basis. These grants are recognised in the period in which they are receivable. There are no deferred grants or capital grants.

Donations and gifts are recognised on receipt.

The charity provides accreditation, direct advice and publications related to its principle objects. Any income derived therefrom is included in Incoming Resources from Charitable Activities.

Expenditure
Liabilities are recognised in full in the financial statements as soon as an obligation arises.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the Reporting Accountants' fee.

Shared costs are allocated between Direct Charitable Expenditure and Governance Costs on the basis of estimated time expended on each activity.

Irrecoverable VAT is added to the expenditure included in each category, where appropriate.

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


Fixtures and fittings - 33% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Exemption from taxation is claimed by the charity under the provisions of Sections 466-493 Corporation Tax Act 2010.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


Mountain Training United Kingdom &
Ireland Ltd

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. DONATIONS AND LEGACIES
2024 2023
£    £   
Gift aid 13,910 17,653
Core Funding 45,000 45,000
58,910 62,653

Grants received, included in the above, are as follows:

2024 2023
£    £   
UF Core Funding 45,000 45,000

3. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Mountain Training United Kingdom & Ireland Ltd Gross Income 2,374 1,724

4. INVESTMENT INCOME
2024 2023
£    £   
Interest receivable - trading 2,113 -

5. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Activity £    £   
Registrations and Mountain
Training Association
memberships




Mountain Training and Co-ordination


394,587


371,703
Subscriptions Mountain Training and Co-ordination 600 2,600
Course registrations and
enrolments


Mountain Training and Co-ordination

158,546

51,780
Administration services and
similar


Mountain Training and Co-ordination

102,341

105,135
656,074 531,218

6. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
£    £    £   
Mountain Training and Co-ordination 27,374 474,405 501,779


Mountain Training United Kingdom &
Ireland Ltd

Notes to the Financial Statements - continued
for the year ended 31 December 2024

7. SUPPORT COSTS
Governance
Management Finance costs Totals
£    £    £    £   
Mountain Training and Co-ordination 74,116 1,425 398,864 474,405

8. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Depreciation - owned assets 17,377 3,943
Website Development amortisation 1,700 2,084

9. TRUSTEES' REMUNERATION AND BENEFITS

None of the trustees (or any persons connected with them) received any remuneration during the year.

Trustees' expenses

The trustees were reimbursed a total of £NIL (2023: £NIL) for expenses.

10. STAFF COSTS
2024 2023
£    £   
Wages and salaries 349,315 328,886
Social security costs 21,809 20,759
Other pension costs 6,070 5,525
377,194 355,170

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

2024 2023
Management 6 5
Administration/ customer services 10 8
Marketing 1 1
17 14

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


Mountain Training United Kingdom &
Ireland Ltd

Notes to the Financial Statements - continued
for the year ended 31 December 2024

11. INTANGIBLE FIXED ASSETS
Website
Development
£   
COST
At 1 January 2024 10,420
Additions 10,150
At 31 December 2024 20,570
AMORTISATION
At 1 January 2024 10,073
Charge for year 1,700
At 31 December 2024 11,773
NET BOOK VALUE
At 31 December 2024 8,797
At 31 December 2023 347

12. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024 66,891
Additions 30,835
At 31 December 2024 97,726
DEPRECIATION
At 1 January 2024 59,125
Charge for year 17,377
At 31 December 2024 76,502
NET BOOK VALUE
At 31 December 2024 21,224
At 31 December 2023 7,766

13. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
MARKET VALUE
At 1 January 2024 and 31 December 2024 2
NET BOOK VALUE
At 31 December 2024 2
At 31 December 2023 2

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

Mountain Training United Kingdom &
Ireland Ltd

Notes to the Financial Statements - continued
for the year ended 31 December 2024

13. FIXED ASSET INVESTMENTS - continued

Mountain Training Publications Ltd
Registered office:
Nature of business: Sale of publications etc
%
Class of share: holding
Ordinary 100
31/12/24 31/12/23
£    £   
Aggregate capital and reserves 39,022 39,022

14. STOCKS
2024 2023
£    £   
Stocks 5,721 500

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,896 26,794
Amounts owed by group undertakings 19,635 -
Other debtors 13,200 45,059
Prepayments 6,374 10,859
82,105 82,712

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase (see note 17) 20,436 -
Trade creditors 6,532 14,324
Amounts owed to group undertakings 3,856 1,653
Social security and other taxes - 12,826
Other creditors 2,468 -
Accrued expenses 168,198 167,727
201,490 196,530

Accrued expenses includes £160,750 (2023: £156,880) relating to memberships received in advance.

17. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 20,436 -


Mountain Training United Kingdom &
Ireland Ltd

Notes to the Financial Statements - continued
for the year ended 31 December 2024

18. MOVEMENT IN FUNDS
Net
movement At
At 1/1/24 in funds 31/12/24
£    £    £   
Unrestricted funds
General fund 167,679 (51,528 ) 116,151

TOTAL FUNDS 167,679 (51,528 ) 116,151

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 719,471 (770,999 ) (51,528 )

TOTAL FUNDS 719,471 (770,999 ) (51,528 )


Comparatives for movement in funds

Net
movement At
At 1/1/23 in funds 31/12/23
£    £    £   
Unrestricted funds
General fund 216,409 (48,730 ) 167,679

TOTAL FUNDS 216,409 (48,730 ) 167,679

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 595,595 (644,325 ) (48,730 )

TOTAL FUNDS 595,595 (644,325 ) (48,730 )

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

Net
movement At
At 1/1/23 in funds 31/12/24
£    £    £   
Unrestricted funds
General fund 216,409 (100,258 ) 116,151

TOTAL FUNDS 216,409 (100,258 ) 116,151

Mountain Training United Kingdom &
Ireland Ltd

Notes to the Financial Statements - continued
for the year ended 31 December 2024

18. MOVEMENT IN FUNDS - continued

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 1,315,066 (1,415,324 ) (100,258 )

TOTAL FUNDS 1,315,066 (1,415,324 ) (100,258 )

19. RELATED PARTY DISCLOSURES

The charitable company owns 100% of the issued share capital of Mountain Training Publications Limited, a company registered in England and Wales.

During the year the charity received amounts totalling £17,652 (2023: £495) as donations under the gift aid scheme from Mountain Training Publications Limited in relation to 2023 profits.

As at 31st December 2024 there were covenants totalling £13,909 (2023:£17,652) due from Mountain Training Publications Limited in relation to profits for the year. This is due by 30th September 2025.

During the year an amount of £9,997 (2023: £8,709) was invoiced to Mountain Training Publications Limited in respect of cleaning and other services.

At 31st December 2024 £19,635 was owed by Mountain Training Publication Ltd (2023: £1,653 owed to Mountain Training Publication Ltd). This is payable under the normal terms of the charity's activities.