WEYMOUTH SKATEPARK ASSOCIATION
PRESTON BEACH ROAD WEYMOUTH DORSET DT4 7SX
ACCOUNTS FOR YEAR ENDED 31 MARCH 2024 CHARITY NUMBER 1085208
WEYMOUTH SKATEPARK ASSOCIATION BALANCE SHEET AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
| CONTENTS | |
|---|---|
| I | BALANCE SHEET |
| II | REPORT OF THE ACCOUNTANTS |
| III | INCOME AND EXPENDITURE STATEMENT |
| IV | INCOME AND EXPENDITURE STATEMENT |
| V | TRUSTEE’S CERTIFICATE |
| VI | OFFICER’S PERSONAL NOTES |
Casterbridge Hardy LLP Financial and International Accountants, Taxation Specialists and Business Advisors Website: www.casterbridgehardy.co.uk Email: roger@casterbridgehardy.co.uk
| WEYMOUTH SKATEPARK ASSOCIATION | PAGE I | |
|---|---|---|
| BALANCE SHEET AS AT 31 MARCH 2024 | ||
| Year Ended | ||
| 31 | March 2023 | |
| £ | £ |
|
| FIXED ASSETS | 53328 | 62171 |
| CURRENT ASSETS | ||
| Cash at Bank | 54644 | 67089 |
| --------- | ---------- |
|
| TOTAL ASSETS | 107972 | 129260 |
| CREDITORS | ||
| Amounts falling due within one year | ||
| Value Added Tax | 24 | 29 |
| ---------- | ---------- |
|
| NET ASSETS | £107948 | £129231 |
| ====== | ====== |
|
| RESERVES | ||
| Brought Forward | 129231 | 129570 |
| Loss For The Year | (24302) | (9639) |
| Local Government Grants | 3019 | 9300 |
| --------- | ---------- |
|
| RESERVE AS AT 31 MARCH 2024 | £107948 | £129231 |
| ====== | ====== |
WEYMOUTH SKATEPARK ASSOCIATION
PAGE II
REPORT OF THE AUDITOR TO THE MEMBERS OF THE WEYMOUTH SKATEPARK ASSOCIATION YEAR ENDED 31 MARCH 2024
In accordance with our terms of engagement we have prepared for your approval, the financial statements for the year ended 31 March 2024 on pages I and II from the accounting records and from information and explanations you have provided for us.
As a practicing member firm of the Institutes of Financial Accountants (IFA), the Association of International Accountants (AIA), the Association of Accounting Technicians (AAT), and the Federation of Taxation Advisers (FTA) we are subject to their ethical and other professional requirements which are detailed at www.ifa.org.uk and www.aiaworldwide.com and www.aat.org.uk
This report is made solely to you, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Weymouth Skatepark Association and state those matters that we have agreed to state to you in this report in accordance with the guidance of Institutes of Financial Accountants (IFA), the Association of International Accountants (AIA), the Association of Accounting Technicians (AAT) and the Federation of Taxation Advisers (FTA) as detailed at www.ifa.org.uk and www.aiaworldwide.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than you for our work or for this report.
You have approved the financial statements for the year ended 31 March 2024 and have acknowledged your responsibility for them, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for their compilation.
It is your duty to ensure that Weymouth Skatepark Association has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Weymouth Skatepark Association. You consider that Weymouth Skatepark Association is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Weymouth Skatepark Association. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Casterbridge Hardy LLP Financial and International Accountants, Taxation Specialists and Business Advisors
“Strathmore” 53 Bowleaze Coveway Preston WEYMOUTH Dorset DT3 6PL
RBW/11 April 2024/S503(ACC)WCH497/LGD/TTD
| WEYMOUTH SKATEPARK ASSOCIATION | PAGE III | |||
|---|---|---|---|---|
| INCOME AND EXPENDITURE STATEMENT–YEAR | ENDED 31 MARCH 2024 | |||
| Year Ended | ||||
| 31 | March 2023 | |||
| £ | £ | £ | £ |
|
| INCOME | ||||
| Members’ Fees | 39071 | 55461 | ||
| Skatepark Tuition | 5354 | 599 | ||
| Snack Bar and Shop Income | 46457 | 90882 | 57699 | 113759 |
| -------- | -------- | |||
| Funding and Donations | 17683 | 25854 | ||
| Grant Income | 3019 | 9300 | ||
| Less: Potential Reclaim | 3019 | - | 9300 | - |
| -------- | -------- | |||
| Bank Interest Received | 545 | 119 | ||
| ---------- | --------- | |||
| TOTAL INCOME | 109110 | 139732 | ||
| DEDUCT: Direct Expenses | ||||
| Purchases | 30970 | 44076 | ||
| Subcontractors | 4463 | 35433 | 5750 | 49826 |
| -------- | --------- | -------- | --------- |
|
| GROSS DISTRIBUTABLE INCOME | ||||
| (Carried Forward – Page IV) | (67.53%) | 73677 | (64.34%) | 89906 |
| --------- | --------- |
| WEYMOUTH SKATEPARK ASSOCIATION | PAGE IV | |||
|---|---|---|---|---|
| INCOME AND EXPENDITURE STATEMENT–YEAR ENDED 31 MARCH 2024-Continued | ||||
| Year Ended | ||||
| 31 | March 2023 | |||
| £ | £ | £ | £ |
|
| GROSS DISTRIBUTABLE INCOME | ||||
| (Brought Forward – Page III) | 73677 | 89906 | ||
| --------- | ---------- | |||
| Establishment Costs | ||||
| Water Rates | 448 | 232 | ||
| Heat and Light | 1555 | - | ||
| Waste Collection | 1796 | 1965 | ||
| Repairs and Maintenance | 6856 | 10655 | 1674 | 3871 |
| ------- | -------- | |||
| Staff Cost | ||||
| Wages | 53105 | 60101 | ||
| Staff Pension Costs | 989 | 54094 | 1008 | 61109 |
| -------- | -------- | |||
| Administration | ||||
| Telephone | 670 | 687 | ||
| Postage and Stationery | 714 | 422 | ||
| Insurance | 6007 | 5303 | ||
| Advertising | 500 | 337 | ||
| Donation | 30 | - | ||
| Computer Cost | 397 | - | ||
| Subscriptions | 865 | 455 | ||
| Staff Training | 313 | 230 | ||
| Professional Fees | - | 49 | ||
| Sundry Expenses | 144 | 9640 | 234 | 7717 |
| ------- | ------ | |||
| Finance Costs | ||||
| Book Keeping | 525 | 480 | ||
| Accountancy | 1879 | 1346 | ||
| Bank Charges | 250 | 370 | ||
| Credit Card Charges | 1540 | 4194 | 1676 | 3872 |
| ------- | ------- | |||
| Equipment | ||||
| Repairs and Maintenance | 1419 | 1319 | ||
| Cleaning and Laundry | 167 | 506 | ||
| Protective Clothing | - | 344 | ||
| Depreciation | 17776 | 19362 | 20724 | 22893 |
| --------- | ------- | |||
| Motor and Travelling Expenses | ||||
| Motor Expenses | - | 33 | ||
| Travelling Expenses | 34 | 34 | 50 | 83 |
| ----- | -------- | ------- | --------- |
|
| TOTAL EXPENDITURE | 97979 | 99545 | ||
| --------- | --------- | |||
| EXCESS OF EXPENDITURE OVER INCOME | £(24302) | £(9639) | ||
| ===== | ===== |
PAGE V
WEYMOUTH SKATEPARK ASSOCIATION TRUSTEE’S CERTIFICATE
In accordance with the terms of engagement of Casterbridge Hardy LLP, I approve the financial statements for the year ended 31 March 2024 which comprise a Balance Sheet, an Income and Expenditure Account. I acknowledge my responsibility for the financial statements, including the appropriateness of the accounting basis (the financial statements have been compiled on a basis which enables profits to be calculated in accordance with generally accepted accounting practice and which provides sufficient and relevant information to enable the completion of a tax return), and for providing Casterbridge Hardy LLP with all of the information and the explanations necessary for their compilation.
The Financial Statements may be filed with HM Revenue and Customs.
----------------------------------------------------------- TRUSTEE
PAGE VI
WEYMOUTH SKATEPARK ASSOCIATION
O F F I C E R ’ S P E R S O N A L N O T E S