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2021-03-31-accounts

Page
Report ofthe Trustees 1io11
Report ofthe Independent
Auditors		 12 to 13
Statement of Financial Activities 14
Statement of Financial Position 15 io 16
Statement ofCash Flows 17
Notes to the Statement ofCash Flows 18
Notes to the Financial Statements 19 to 32
Detailed Statement ofFinancial Activities 33 to 34

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 2 38,136 38,136 424,005
Charitable
activities
Government
grants		 155,182 155,182
Charitable
activities		 3 372,759 372,759 884,855
Investment
income		 4 34,562 34,562 40,351
Other income 1,827 1 827 9,317
Total 602,466 602,466 1,358,528
EXPENDITURE ON
Charitable
activities
Chadtable
activities		 566,822 75,644 642,466 889,571
NET INCOME/(EXPENDITURE) 35,644 (75,644) (40,000) 468,957
RECONCILIATION
OF FUNDS
Total funds brought forward 809,465 1,071,929 1,881,394 1,412,437
TOTAL FUNDS CARRIED FORWARD 845 199 998285 1 841 394 1 881394

2021 2020
Llnrestricted Restricted Total Total
Notes funds
f		 funds
f		 funds
f.		 funds
f.
FIXEDASSETS
Tangible assets 12 1,444,153 995,994 2,440,147 2,529,351
CURRENT ASSETS
Stocks 13 21,587 21,587 19,105
Debtors 14 29,297 29,297 119,038
Cash at bank and in hand 184,875 291 185,166 181,303
235,759 291 236,050 319,446
CREDITORS
Amounts
falling due within one year		 15 (79,792) (79,792) (178,594)
NET CURRENT ASSETS 155,967 281 155258 158,852
TOTAL ASSETS LESSCURRENT
LIABILITIES 1,600,120 996,285 2,596,405 2,670,203
CREDITORS
Amounts
falling due after more than one year 16		 (750,444) (750,444) (783,735)
PROVISIONS FOR LIABILITIES 20 (4,567) (4,567) (5,074)
NET ASSETS 845,109 996,285 1,841,394 1,881,394
FUNDS 21
Unrestricted
funds		 845,109 809,465
Restricted funds 996,285 1,071,929
TOTAL FUNDS 1,841,394 1,881,394

2021 2020
Notes 6
Cash flows from operating activities
Cash generated from operations 1 114,144 623,239
Interest paid ~28,029 ~34,244
Net cash provided by operating
activities		 86,115 588,995
Cash flows from investing activities
Purchase oftangible
fixed assets		 (50,282) (488,003)
Interest received 43 251
Net cash used
in		 investing activities ~50,239) (487,752)
Cash flows from financing activities
New loans
in year		 25,000
Loan repayments in year ~32,013) ~34,044)
Net cash used
in		 financing activities ~32,013) ~9,044)
Change
in cash		 and cash equivalents
in the reporting period 3,863 92,199
Cash and cash equivalents at the
beginning
ofthe		 reporting period 2 181,303 89,101
Cash and cash equivalents at the end
ofthe reporting period 2 185,166 181,303

RECONCILIATION

ACTIVITIES		 OF NET (EXPENDITURE )/INCOME
TO NET CASH		 FLOW FROM OPERATING
2021
f		 2020
f
Net (expenditure)/income
for the reporting		 period (as per the
Statement ofFinancial Activities) (40,000) 468,957
Adjustments
for:
Depreciation
charges		 139,486 139,453
Interest received (43) (251)
Interest paid 28,029 34,244
Release ofprovisions (507) (564)
Increase
in stocks		 (2,482) (10,045)
Decrease/(increase)
(Decrease)/increase		 in
in		 debtors
creditors		 89,741
~100,0800		 (94,754)
86,199
Net cash provided
by		 operations 114,144 623,239
2. ANALYSIS OF CASH AND CASH EQUIVALENTS
2021 2020
F
Cash
in hand		 (391) 1,838
Notice deposits (less than 3 months) 185,557 179,465
Total cash and cash equivalents 185,166 181,303
3. ANALYSIS OF CHANGES
IN NET DEBT
At 1/4/20
f		 Cash flow
F		 At 31/3/21
f
Net cash
Cash at bank and
in		 hand 181,303 3,863 185,166
181,303 3,863 185,166
Debt
Debts falling due within 1 year (31,600) (1,279) (32,879)
Debts falling due after 1 year ~783,735) 33,291 (750,444)
(815,335) 32,012 {783,323)
Total (634,033) 35,876 I598,157)

2. DONATIONS AND LEGACIES AND LEGACIES AND LEGACIES
2021 2020
f
Donations 8,470 2,204
Grants 29,666 411,916
Donated services and facilities 9,885
38,136 424,005
Grants received, included in the above, are as follows:
2021 2020
E 5
David Laing Foundation 25,000
Other grants 500
England
Sports Council		 20,000 273,473
Global Appcasting 20,000
Grantscape 43,943
Corby Borough Council 15,000
British Cycling 34,000
Power to Change 9,666
29,666 411916
3. CHARITABLE ACTIVITIES
2021 2020
Gate receipts 307,973 584,682
Facility sales and hire income 4,589 30,301
Cafe income 53,668 235,809
Merchandise sales 6,529 31,464
Other income 2,599
372,759 884,855
4. INVESTMENT INCOME
2021 2020
F 5
Rents received 34,519 40,100
Deposit account interest 43 251
34,562 40,351

5. INCOME FROM CHARITABLE ACTIVITIES INCOME FROM CHARITABLE ACTIVITIES INCOME FROM CHARITABLE ACTIVITIES INCOME FROM CHARITABLE ACTIVITIES INCOME FROM CHARITABLE ACTIVITIES INCOME FROM CHARITABLE ACTIVITIES INCOME FROM CHARITABLE ACTIVITIES
Activity 2021
f		 2020
f
Grants Charitable activities 155,182
Grants received, included in the above, are as follows:
2021
f		 2020
f
COVID-19 Grants 155,182
6. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 7)
F		 note 8)
f		 Totals
f
Charitable
activities		 524,483 117,983 642,466
7. DIRECT COSTS OF CHARITABLE ACTIVITIES
2021
f		 2020
Staff costs 275,896 317,086
Hire of plant and machinery 2,653
Rates and water 3,040 4,023
Insurance 21,199 25,131
Light and heat 20,306 33,599
Advertising
and promotion		 5,027 14,799
Sundnes 2,348 1,967
Merchandise
costs		 1,949 8,836
Events costs 783 2,938
Cafe costs 22,809 108,260
Facility repairs and security 24,549 25,306
Cleaning 2,583 4,366
Professional fees 1,409 2,050
Website development costs 5,178
Training 3,606 2,146
Provision
released		 on fixed asset expenditure (507) (564)
Depreciation 139,486 139,453
524 483 697,227

8. SUPPORT SUPPORT COSTS COSTS COSTS
Governance
Management
f		 Finance
f		 costs
f		 Totals
f
Charitable activities 65,061 31,213 21,709 117,983
Support costs, included in the above, are as follows.
Management
2021 2020
Charitable Total
actrvities activities
F F
Wages 19,564 22,401
Social security 1,202 1,242
Pensions 8,437 6,436
Staff welfare 7,032 6,049
Telephone 7,850 8,479
Motor expenses and travel 405 1,799
Stationery and printing 7,344 8,226
Software and internet costs 13,227 13,160
Bad debts 2,321
Recruitment Expenses 31
65,061 70,144
Finance
2021 2020
Charitable Total
activities activities
F 8
Bank charges 3,157 16,839
Exchange rate variances 27 4
Bank loan interest 28,029 34,244
31,213 51,087
Governance costs
2021 2020
Charitable Total
activities activities
F f
Trustees' salaries 45,221
Trustees' social security 5,219
Trustees' pension contributions 2,251
Auditors' remuneration 6,000 5,825
Auditors' remuneration for non audit
work 15,709 11,997
Accountancy fees 600
21,709 71,113

2021 2020
f 6
Auditors' remuneration 6,000 5,825
Auditors' remuneration for non audit work 15,709 11,997
Depreciation
-owned assets		 139,486 139,453
Hire of plant and machinery 7,032 8,702
TRUSTEES' REMUNERATION AND BENEFITS
2021 2020
6 6
Trustees' salaries 45,221
Trustees' social security 5,219
Trustees' pension
contributions		 to money purchase schemes 2,251
52,691

STAFF COS TS
2021 2020
f F
Wages and salaries 279,487 368,209
Social security costs 17,175 22,960
Other pension costs 8,437 8,687
305,099 399,856
The average monthly number ofemployees dunng the year was as follows:
2021 2020
Engaged
on charitable		 activities 21 27
No employees received emoluments in excess of 660,000.

12. TANGIBLE FIXEDASSETS TANGIBLE FIXEDASSETS
Freehold Plant and
property machinery Totals
6
COST
At 1 April 2020 3,187,974 368,980 3,556,954
Additions 15901 34,381 50,282
At 31 March 2021 3,203,875 403,361 3,607,236
DEPRECIATION
At 1 April 2020 767,104 260,499 1,027,603
Charge for year 103,714 35,772 139,486
At 31 March 2021 870,818 296,271 1,167,089
NET BOOK VALUE
At 31 March 2021 2,333,057 107,090 2,440,147
At 31 March 2020 2,420,870 108,481 2,529,351
13. STOCKS
2021
f		 2020
Finished goods 21,587 19,105
14. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
f		 2020
6
Trade debtors 9,230 25,903
Other debtors and prepayments 540
VAT 1,744 17,629
Prepayments
and accrued income		 18,323 74,966
29,297 119,038

CREDITORS: AMOUN TS
FALLING DUE WITHIN ONE Y		 EAR
2021 2020
5 8
Bank loans and overdrafts (see note 17) 27,879 26,600
Other loans (see note 17) 5,000 5,000
Trade creditors 21,345 129,731
Social security and other taxes 5,154 5,955
Other creditors 11,518
Accruals and deferred income 8,896 11,308
79,792 178,594

2021
f		 2020
f
Bank loans (see note 17) 735,444 763,735
Other loans (see note 17) 15,000 20,000
750,444 783,735
LOANS
An analysis ofthe maturity of loans is given below:
2021 2020
8
Amounts
falling due		 within one year on demand:
Bank loans 27,879 26,600
Other loans 5 000 5 000
32,879 31,600
Amounts
falling due		 between two and five years:
Bank loans - 2-5 years 122,768 116,824
Other loans - 2-5 years 15000 20,000
137,768 136,824
Amounts
falling due		 in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal 612,676 646,911

2021
f		 2020
f
Within one year 2,280 2,112
Between one and five years 4,344 5,280
6,624 7,392
19. SECURED DEBTS
The following secured debts are included within creditors:
2021
f		 2020
F
Bank loans 763,323 790,335

2021 2020
f F
4,567 5,074

21. MOVEMENT
IN FUNDS		 MOVEMENT
IN FUNDS
Net Transfers
movement between At
At 1/4/20 in funds funds 31/3/21
6
Unrestricted
funds
General
fund		 35,644 (35,644)
Skate Park improvements fund 642,087 (46,978) 595,109
Contingency
fund		 167,378 82 622 260000
809,465 35,644 845,109
Restricted funds
Northamptonshire County Council 12,886 (1,650) 11,236
Wooden Spoon 5,466 (700) 4,766
Notts. County Council 1,171 (150) 1,021
University
of Northampton		 1,484 (190) 1,294
High Sheriff 388 (50) 338
WREN 55,287 (6,162) 49,125
Lottery funding 11,941 (1,818) 10,123
Northamptonshire Enterprises Limited 25,834 (3,308) 22,526
Skatehut 46,865 (4,000) 42,865
Northamptonsh)re Community
Foundation 31,883 (2,863) 29,020
Ashley Pover - Photographic studio 11,117 (1,121) 9,996
Powerto change 386,493 (20,185) 366,308
Concrete Plaza 56,706 (4,050) 52,656
Innovate
Northamptonshire		 15,090 (838) 14,252
Major Growth
Investment		 Grant 17,384 (966) 16,418
BMXproject —Places to Ride
Facial Recognition
Sofhvare		 359,020
32,914		 (18,896)
~0607)		 340,124
24,217
1,071,929 75,644 996,285
TOTAL FUNDS 1,881,304 ~40,000) 1,841,394

Net movement
in		 funds,
 inclu ded
in the above are		 as follows:
Incoming Resources Movement
resources
6		 expended
f		 in funds
6
Unrestricted
funds
General
fund		 602,466 (566,822) 35,644
Restricted funds
Northamptonshire County Council (1,650) (1,650)
Wooden Spoon (700) (700)
Notts. County Council (150) (150)
University
of Northampton		 (190) (190)
High Sheriff (50) (50)
WREN (6,162) (6,162)
Lottery funding (1,818) (1,818)
Northamptonshire Enterprises Limited (3,308) (3,308)
Skatehut (4,000) (4,000)
Northamptonshire Community
Foundation (2,863) (2,863)
Ashley Pover - Photographic studio (1,121) (1,121)
Powerto change (20,185) (20,185)
Concrete Plaza (4,050) (4,050)
Innovate
Northamptonshire		 (838) (838)
Major Growth
Investment		 Grant (966) (966)
BMXproject —Places to Ride
Facial Recognition
Software		 (18,896)
~8,697)		 (18,896)
~8,697)
~75,644) ~75,644)
TOTAL FUNDS 602,466 ~642,466) $40,000)

Comparatives
for		 move ment in funds
Net Transfers
movement between At
At 1/4/19 in funds funds 31/3/20
F F 6
Unrestricted
funds
General
fund		 677,052 132,413 (809,465)
Skate Park improvements fund 642,087 642,087
Contingency
fund		 167,378 167,378
677,052 132,413 809,465
Restricted funds
Northamptonshire County Council 14,536 (1,650) 12,886
Wooden Spoon 6,166 (700) 5,466
Notts. County
Council		 1,321 (150) 1,171
University
of Northampton		 1,674 (190) 1,484
High Sheriff 438 (50) 388
WREN 61,468 (6,181) 55,287
Lottery funding 13,957 (2,016) 11,941
Northamptonshire Enterprises Limited 29,142 (3,308) 25,834
Skatehut 50,865 (4,000) 46,865
Northamptonshire Community
Foundation 34,827 (2,944) 31,883
Ashley Pover - Photographic studio 12,286 (1,169) 11,117
Power to change 406,859 (20,366) 386,493
Concrete Plaza 60,756 (4,050) 56,706
The Homer Foundation 6,813 (6,813)
Innovate
Northamptonshire		 15,928 (838) 15,090
Major Growth
Investment		 Grant 18,349 (965) 17,384
BMXproject —Places to Ride 359,020 359,020
Facial Recognition Software 32 914 32914
735,385 336,544 1 071,929
TOTAL FUNDS 1,412,437 468,957 1,881,394

Comparative
net		 movemen t
i		 n funds,
included
in		 the above are as follow s:
Incoming Resources Movement
resources
8		 expended
f		 in funds
8
Unrestricted
funds
General
fund		 936,727 (804,314) 132,413
Restricted funds
Northamptonshire County Council (1,650) (1,650)
Wooden Spoon (700) (700)
Notts. County Council (150) (150)
University
of Northampton		 (190) (190)
High Sheriff (50) (50)
WREN (6,181) (6,181)
Lottery funding (2,016) (2,016)
Northamptonshire Enterprises Limited (3,308) (3,308)
Skatehut (4,000) (4,000)
Northamptonshire Community
Foundation (2,944) (2,944)
Ashley Pover - Photographic studio (1,169) (1,169)
Power to change (20,366) (20,366)
Concrete Plaza (4,050) (4,050)
The Homer Foundation (6,813) (6,813)
Innovate
Northamptonshire		 (838) (838)
Major Growth
Investment		 Grant (965) (965)
BMXproject —Places to Ride
Facial Recognition
Software		 377,916
43,885		 (18,896)
~78,97) )		 359,020
32,914
421,891 ~85,257) 339,544
TOTAL FUNDS 1,358,528 ~889,57)) 468,957

2021 2020
6
INCOME AND ENDOWMENTS
Donations
and		 legacies
Donations 8,470 2,204
Grants 29,666 411,916
Donated services and facilities 9,885
38,136 424,005
Charitable
activities
Gate receipts 307,973 584,682
Facility sales and hire income 4,589 30,301
Cafe income 53,668 235,809
Merchandise
sales		 6,529 31,464
Other income 2,599
372,759 884,855
Investment
income
Rents received 34,519 40,100
Deposit account interest 43 251
34,562 40,351
Charitable
activities
Grants 155,182
Other income
Rates recharges 1,827 9,317
Total incoming resources 602,466 1,358,528
EXPENDITURE
Charitable
activities
Wages 259,923 300,587
Social security 15,973 16,499
Hire of plant and machinery 2,653
Rates and water 3,040 4,023
Insurance 21,199 25,131
Light and heat 20,306 33,599
Advertising
and		 promotion 5,027 14,799
Sundries 2,348 1,967
Merchandise
costs		 1,949 8,836
Events costs 783 2,938
Cafe costs 22,809 108,260
Facility repairs and security 24,549 25,306
Cleaning 2,583 4,366
Carried forward 380,489 548,964

2021
F		 2020f
Charitable
activities
Brought forward 380,489 548,964
Professional fees 1,409 2,050
Website development costs 5,178
Training 3,606 2,146
Provision
released
on		 fixed asset
expenditure (507) (564)
Depreciation
offreehold		 property 103,714 103,218
Depreciation
of plant &machinery		 35,772 36,235
524,483 697,227
Support costs
Management
Wages 19,564 22,401
Social security 1,202 1,242
Pensions 8,437 6,436
Staff welfare 7,032 6,049
Telephone 7,850 8,479
Motor expenses
and		 travel 405 1,799
Stationery
and printing		 7,344 8,226
Software and internet costs 13,227 13,160
Bad debts 2,321
Recruitment
Expenses		 31
65,061 70,144
Finance
Bank charges 3,157 16,839
Exchange rate variances 27
Bank loan interest 28,029 34,244
31,213 51,087
Governance costs
Trustees'
salaries		 45,221
Trustees'
social security		 5,219
Trustees'
pension
contributions		 2,251
Auditors'
remuneration		 6,000 5,825
Auditors'
remuneration		 for non audit work 15,709 11,997
Accountancy
fees		 600
21 709 71,113
Total resources expended 642,466 889,571
Net (expenditure)/income ~40,0001 499,997