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 2025

for

Mountain Training United Kingdom &

Ireland Ltd

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

Cash Flow Statement

8

Notes to the Cash Flow Statement

9

Notes to the Financial Statements

10

to

16

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 2025. 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 walls, 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 promote our leaders. - This is supported by ongoing research and review of our training schemes, candidates' pathways and provider provision.

ACHIEVEMENTS AND PERFORMANCE

MTUKI is directly responsible for six qualifications, coordinating a further nine qualification schemes and six skills schemes. Overall candidate numbers for 2025 were 12,362 nearly identical to 2024 but down on 2023' figure of 13,788. Significant work was completed through the year to review the existing coaching scheme, implement the revised International Mountain Leader scheme and progress the review of the Mountaineering and Climbing Instructor scheme. 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 hold additional quarterly meetings to manage the organisation throughout the year. We made the decision to hold one Council meeting face to face (thanks to Tollymore, National Outdoor Training Centre for hosting this in 2024) and all others, as well as Board meetings, online. These arrangements were effective, financially beneficial and also reduced our carbon footprint.

FINANCIAL REVIEW

Overall, a deficit of £14K is reported against a deficit of £52K last year. This is made up of memberships, subscriptions and course registrations of £677K, up £21K (3%) and grants and gift aid income of £61K, up £2K, with the increase being offset by higher governance costs, including staffing and consultancy, of £57K.

Reserves Policy

It is the policy of the board to base our group reserves on “net liquid assets” where these are a measure of an immediate or near-term liquidity position of our company, calculated as liquid assets less adjusted current liabilities. We consider liquid assets to be cash, marketable securities, and accounts receivable/customer debt that can be readily converted to cash at their approximate current value. Current liabilities are our company’s short-term financial obligations that are due within one year – accounts payable/trade creditors, taxation, accrued costs (budgeted expenses not yet charged) and deferred income (provision of service to MTA members).

At 31st December 2025 we had liquid assets of £336,991 and from the 2026 budget are able to calculate that we require £238,526 to cover 6 months trading, so staying within our ideal levels

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 SM Wood

Mr S Davies

Ms L Robinson

Dr R D Tiplady

Mr R Chapman

Mr K Redmond

Mr G Hassall

Other changes in directors holding office are as follows

Ms L N Vincent resigned 2nd April 2025, Ms E Thompson appointed on 28th June 2025

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 - K O'Callaghan & R Yanay

Mountaineering Ireland - L Feeley

Mountain Training Cymru - A Newton & M Stephens

BMC Cymru - N Hockley

Mountain Training England - P Stacey & K James

British Mountaineering Council - C Allwood & P Ratcliffe

Mountain Training Scotland - M Crawford & M Dignam

Mountaineering Scotland - R Cadie & S Younie

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

Trustees

Ms E Thompson (appointed 28/6/25)

Ms L N Vincent (resigned 2/4/25)

Mr S M Wood

Mr S Davies

Dr R D Tiplady

Mr K Redmond

Mr G N Hassall

Ms L Robinson

Mr R Chapman

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 19 June 2026 and signed on its behalf by:

Mr S Davies - Trustee

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 2025.

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

19 June 2026

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

61,077

-

61,077

58,910

Charitable activities

5

Mountain Training and Co-ordination

684,587

-

684,587

656,074

Other trading activities

3

2,287

-

2,287

2,374

Investment income

4

2,364

-

2,364

2,113

Total

750,315

-

750,315

719,471

EXPENDITURE ON

Raising funds

4,597

-

4,597

1,469

Charitable activities

6

Mountain Training and Co-ordination

516,652

-

516,652

501,779

Other

242,910

-

242,910

267,751

Total

764,159

-

764,159

770,999

NET INCOME/(EXPENDITURE)

(13,844

)

-

(13,844

)

(51,528

)

RECONCILIATION OF FUNDS

Total funds brought forward

116,151

-

116,151

167,679

TOTAL FUNDS CARRIED FORWARD

102,307

-

102,307

116,151

2025

2024

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Intangible assets

11

6,767

-

6,767

8,797

Tangible assets

12

13,562

-

13,562

21,224

Investments

13

2

-

2

2

20,331

-

20,331

30,023

CURRENT ASSETS

Stocks

14

5,250

-

5,250

5,721

Debtors

15

81,616

-

81,616

82,105

Cash at bank and in hand

236,260

-

236,260

199,792

323,126

-

323,126

287,618

CREDITORS

Amounts falling due within one year

16

(241,150

)

-

(241,150

)

(201,490

)

NET CURRENT ASSETS

81,976

-

81,976

86,128

TOTAL ASSETS LESS CURRENT LIABILITIES

102,307

-

102,307

116,151

NET ASSETS

102,307

-

102,307

116,151

FUNDS

18

Unrestricted funds

102,307

116,151

TOTAL FUNDS

102,307

116,151

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 19 June 2026 and were signed on its behalf by:

Mr S Davies - Trustee

Cash flows from operating activities

Cash generated from operations

1

45,937

(54,654

)

Interest element of hire purchase payments paid

(1,973

)

-

Net cash provided by/(used in) operating activities

43,964

(54,654

)

Cash flows from investing activities

Purchase of intangible fixed assets

-

(10,150

)

Purchase of tangible fixed assets

(5,813

)

(30,835

)

Interest received

2,364

2,113

Net cash used in investing activities

(3,449

)

(38,872

)

Cash flows from financing activities

Capital repayments in year

(4,047

)

20,436

Net cash (used in)/provided by financing activities

(4,047

)

20,436

Change in cash and cash equivalents in the reporting period

36,468

(73,090

)

Cash and cash equivalents at the beginning of the reporting period

199,792

272,882

Cash and cash equivalents at the end of the reporting period

236,260

199,792

1.	RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

2025

2024

£

£

Net expenditure for the reporting period (as per the Statement of Financial Activities)

(13,844

)

(51,528

)

Adjustments for:

Depreciation charges

15,506

19,078

Interest received

(2,364

)

(2,113

)

Interest element of hire purchase and finance lease rental payments

1,973

-

amount owed by group undertaking

2,457

(17,433

)

Decrease/(increase) in stocks

471

(5,221

)

Decrease in debtors

3,249

20,242

Increase/(decrease) in creditors

38,489

(17,679

)

Net cash provided by/(used in) operations

45,937

(54,654

)

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/25

Cash flow

At 31/12/25

£

£

£

Net cash

Cash at bank and in hand

199,792

36,468

236,260

199,792

36,468

236,260

Debt

Finance leases

(20,436

)

4,047

(16,389

)

(20,436

)

4,047

(16,389

)

Total

179,356

40,515

219,871

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.

2.	DONATIONS AND LEGACIES

2025

2024

£

£

Gift aid

16,077

13,910

Core Funding

45,000

45,000

61,077

58,910

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

2025

2024

£

£

UF Core Funding

45,000

45,000

3.	OTHER TRADING ACTIVITIES

2025

2024

£

£

Mountain Training United Kingdom & Ireland Ltd Gross Income

2,287

2,374

4.	INVESTMENT INCOME

2025

2024

£

£

Interest receivable - trading

2,364

2,113

5.	INCOME FROM CHARITABLE ACTIVITIES

2025

2024

Activity

£

£

Registrations and Mountain Training Association memberships

Mountain Training and Co-ordination

416,453

394,587

Subscriptions

Mountain Training and Co-ordination

600

600

Course registrations and enrolments

Mountain Training and Co-ordination

179,090

158,546

Administration services and similar

Mountain Training and Co-ordination

88,444

102,341

684,587

656,074

6.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 7)

Totals

£

£

£

Mountain Training and Co-ordination

27,391

489,261

516,652

7.	SUPPORT COSTS

Governance

Management

Finance

costs

Totals

£

£

£

£

Mountain Training and Co-ordination

69,854

16

419,391

489,261

8.	NET INCOME/(EXPENDITURE)

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

2025

2024

£

£

Depreciation - owned assets

13,475

17,377

Website Development amortisation

2,030

1,700

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 £410 (2024: £275) for expenses.

10.	STAFF COSTS

2025

2024

£

£

Wages and salaries

381,650

349,315

Social security costs

23,538

21,809

Other pension costs

6,197

6,070

411,385

377,194

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

2025

2024

Management

6

6

Administration/ customer services

7

10

Marketing

1

1

14

17

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

11.	INTANGIBLE FIXED ASSETS

Website

Development

£

COST

At 1 January 2025 and 31 December 2025

20,570

AMORTISATION

At 1 January 2025

11,773

Charge for year

2,030

At 31 December 2025

13,803

NET BOOK VALUE

At 31 December 2025

6,767

At 31 December 2024

8,797

12.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2025

97,726

Additions

5,813

At 31 December 2025

103,539

DEPRECIATION

At 1 January 2025

76,502

Charge for year

13,475

At 31 December 2025

89,977

NET BOOK VALUE

At 31 December 2025

13,562

At 31 December 2024

21,224

13.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

MARKET VALUE

At 1 January 2025 and 31 December 2025

2

NET BOOK VALUE

At 31 December 2025

2

At 31 December 2024

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 Publications Ltd

Registered office:

Nature of business: Sale of publications etc

%

Class of share:

holding

Ordinary

100

31/12/25

31/12/24

£

£

Aggregate capital and reserves

39,022

39,022

14.

STOCKS

2025

2024

£

£

Stocks

5,250

5,721

15.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

41,081

42,896

Amounts owed by group undertakings

22,395

19,635

Other debtors

4,231

13,200

Prepayments

13,909

6,374

81,616

82,105

16.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase (see note 17)

16,389

20,436

Trade creditors

7,141

6,532

Amounts owed to group undertakings

9,074

3,856

Other creditors

680

2,468

Accrued expenses

207,866

168,198

241,150

201,490

Accrued expenses includes £185,180 (2024: £160,750) relating to memberships received in advance.

17.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

16,389

20,436

18.	MOVEMENT IN FUNDS

Net

movement

At

At 1/1/25

in funds

31/12/25

£

£

£

Unrestricted funds

General fund

116,151

(13,844

)

102,307

TOTAL FUNDS

116,151

(13,844

)

102,307

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

750,315

(764,159

)

(13,844

)

TOTAL FUNDS

750,315

(764,159

)

(13,844

)