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2022-03-31-accounts

Page
Reportofthe Trustees 1
to10
ReportoftheIndependentAuditors 11 to14
StatementofFinancialActivities 15
StatementofFinancialPosition 16
to17
StatementofCashFlows 18
Notestothe StatementofCash Flows 19
Notestothe Financial Statements 20
to33
Detailed StatementofFinancialActivities 34
to35

2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 62,930 74,533 137,463 38,137
Charitable activities 4
Charitable activities 926,524 926,524 527,940
Investment income 3 51,034 51,034 34,562
Other income 7,368 7,368 1,827
Total 1,047,856 74,533 1,122,389 602,466
EXPENDITUREON
Charitable activities 5
Charitable activities 787,600 91,555 879,155 642,466
NET INCOME/(EXPENDITURE) 260,256 (17,022) 243,234 (40,000)
Transfers between funds 20 1,054 (1,054)
Net movementinfunds 261,310 (18,076) 243,234 (40,000)
RECONCILIATION OF FUNDS
Total funds brought forward 845,109 996,285 1,841,394 1,881,394
TOTAL FUNDS CARRIED FORWARD 1,106,419 978,209 2,084,628 1,841,394
2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 11 1,433,032 922,918 2,355,950 2,440,147
CURRENT ASSETS
Stocks 12 20,934 20,934 21,587
Debtors 13 21,569 21,569 29,297
Cash at bank andinhand 461,749 55,291 517,040 185,166
504,252 55,291 559,543 236,050
CREDITORS
Amounts falling due within one year 14 (108,083) (108,083) (79,792)
NET CURRENT ASSETS 396,169 55,291 451,460 156,258
TOTAL ASSETS LESS CURRENT
LIABILITIES 1,829,201 978,209 2,807,410 2,596,405
CREDITORS
Amounts falling due after more than one
year 15 (718,673) (718,673) (750,444)
PROVISIONS FOR LIABILITIES 19 (4,110) (4,110) (4,567)
NET ASSETS 1,106,419 978,209 2,084,628 1,841,394
FUNDS 20
Unrestricted funds 1,106,419 845,109
Restricted funds 978,209 996,285
TOTAL FUNDS 2,084,628 1,841,394

2022 2021
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 448,282 114,145
Interest paid (27,639) (28,029)
Net cash providedbyoperating activities 420,643 86,116
Cash flows from investing activities
Purchaseoftangible fixed assets (56,481) (50,282)
Sale of tangible fixed assets 459
Interest received 18 43
Net cash usedininvesting activities (56,004) (50,239)
Cash flows from financing activities
Loan repaymentsinyear (32,765) (32,012)
Net cash usedinfinancing activities (32,765) (32,012)
Changeincash and cash equivalents
inthe reporting period 331,874 3,865
Cash and cash equivalents at the
beginning of the reporting period 185,166 181,301
Cash and cash equivalents at the end
of the reporting period 517,040 185,166

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2022 2021
£ £
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities) 243,234 (40,000)
Adjustments for:
Depreciation charges 140,219 139,486
Interest received (18) (43)
Interest paid 27,639 28,029
Release of provisions (457) (507)
Decrease/(increase)instocks 653 (2,482)
Decreaseindebtors 7,728 89,741
lncrease/(decrease)increditors 29,284 (100,079)
Net cash providedbyoperations 448,282 114,145
ANALYSIS OF CHANGESINNET DEBT
At 1/4/21 Cash flow At 31/3/22
£ £ £
Net cash
Cash at bank andinhand 185,166 331,874 517,040
185,166 331,874 517,040
Debt
Debts falling due within 1 year (32,879) 993 (31,886)
Debts falling due after 1 year (750,444) 31,771 (718,673)
(783,323) 32,764 (750,559)
Total (598,157) 364,638 (233,519)

2. DONATIONS AND LEGACIES DONATIONS AND LEGACIES
2022 2021
£ £
Donations 6,182 8,471
Grants 131,281 29,666
137,463 38,137
Grants received, included inthe above, areasfollows:
2022 2021
£ £
PowertoChange 20,000
England Sports Council 9,666
Corby Borough Council 21,749
North Northamptonshire Council 95,000
Northamptonshire Sport 14,532
131,281 29,666
3. INVESTMENT INCOME
2022 2021
£ £
Rents received 51,016 34,519
Deposit account interest 18 43
51,034 34,562
4. INCOME FROM CHARITABLE ACTIVITIES
2022 2021
Activity £ £
Gate receipts Charitable activities 677,874 307,972
Facility sales and hire
income Charitable activities 18,646 4,589
Cafe income Charitable activities 187,190 53,668
Merchandise sales Charitable activities 12,002 6,529
Grants Charitable activities 30,612 155,182
Other income Charitable activities 200
926,524 527,940
Grants received, includedinthe above, areasfollows:
2022 2021
£ £
COVID-19Grants 30,612 155,182

5. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 6) note7) Totals
£ £ £
Charitable activities 727,613 151,542 879,155
6. DIRECT COSTS OF CHARITABLE ACTIVITIES
2022 2021
£ £
Staff costs 354,823 275,896
Hireofplant and machinery 653
Rates and water 12,229 3,040
Insurance 18,536 21,199
Light and heat 30,040 20,306
Advertising and promotion 5,715 5,027
Sundries 2,329 2,348
Merchandise costs 6,204 1,949
Events costs 7,679 783
Cafe costs 88,234 22,809
Small equipment 261
Facility repairs and security 47,868 24,549
Cleaning 5,930 2,583
Professional fees 99 1,409
Training 7,251 3,606
Provision releasedonfixed asset expenditure (457) (507)
Depreciation 140,219 139,486
727,613 524,483
7. SUPPORT COSTS
Governance
Management Finance costs Totals
£ £ £ £
84,195 47,903 19,444 151,542

Management
2022 2021
Charitable Total
activities activities
£ £
Wages 25,139 19,564
Social security 1,570 1,202
Pensions 9,737 8,437
Staff welfare 7,944 7,032
Telephone 6,225 7,850
Motor expenses and travel 562 405
Stationery and printing 13,116 7,344
Software and internet costs 19,393 13,227
Recruitment Expenses 509
84,195 65,061
Finance
2022 2021
Charitable Total
activities activities
£ £
Bank charges 20,269 3,157
Exchange rate variances (5) 27
Bank loan interest 27,639 28,029
47,903 31,213
Governance costs
2022 2021
Charitable Total
activities activities
£ £
Auditors' remuneration 6,300 6,000
Auditors' remuneration for non audit
work 13,144 15,709
19,444 21,709

2022 2021
£ £
Auditors' remuneration 6,300 6,000
Auditors' remuneration for non audit work 13,144 15,709
Depreciation - owned assets 140,219 139,486
Hire of plant and machinery 8,597 7,032

2022 2021
£ £
Wages and salaries 359,099 279,487
Social security costs 22,433 17,175
Other pension costs 9,737 8,437
391,269 305,099
The average monthly number of employees during the year was as follows:
2022 2021
Engaged on charitable activities 25 21

11. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£ £ £
COST
At 1 April 2021 3,203,875 403,361 3,607,236
Additions 21,654 34,827 56,481
Disposals (612) (612)
At31March 2022 3,225,529 437,576 3,663,105
DEPRECIATION
At 1 April 2021 870,818 296,271 1,167,089
Charge for year 104,797 35,422 140,219
Eliminatedondisposal (153) (153)
At31March 2022 975,615 331,540 1,307,155
NET BOOK VALUE
At31March 2022 2,249,914 106,036 2,355,950
At31March 2021 2,333,057 107,090 2,440,147
12. STOCKS
2022 2021
£ £
Finished goods 20,934 21,587
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors 12,812 9,230
VAT 1,744
Prepayments and accrued income 8,757 18,323
21,569 29,297
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Bank loans and overdrafts (see note 16) 26,886 27,879
Other loans (see note 16) 5,000 5,000
Trade creditors 28,401 21,345
Social security andothertaxes 8,296 5,154
VAT 21,669
Other creditors 2,764 11,518
Accruals and deferred income 15,067 8,896
108,083 79,792
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONEYEAR
2022 2021
£ £
Bank loans (see note 16) 708,673 735,444
Other loans (see note 16) 10,000 15,000
718,673 750,444
16. LOANS
An analysisofthe maturityofloans is given below:
2022 2021
£ £
Amounts fallingduewithin oneyearon demand:
Bank loans 26,886 27,879
Other loans 5,000 5,000
31,886 32,879
Amounts fallingduebetween two and five years:
Bank loans - 2-5 years 119,242 122,768
Other loans - 2-5 years 10,000 15,000
129,242 137,768
Amounts fallingdueinmore than five years:
Repayable by instalments:
Bank loans more 5yrby instal 589,431 612,676

2022 2021
£ £
Withinoneyear 2,280 2,280
Betweenoneand five years 2,896 4,344
5,176 6,624
18. SECURED DEBTS
The following secured debts are included within creditors:
2022 2021
£ £
Bank loans 735,559 763,323

2022 2021
£ £
4,110 4,567

Net Transfers
movement between At
At 1/4/21 infunds funds 31/3/22
£ £ £ £
Unrestricted funds
General fund 260,256 (260,256)
Skate Park improvements fund 595,109 236,310 831,419
Contingency fund 250,000 250,000
John Chard-Young Legacy Fund 25,000 25,000
845,109 260,256 1,054 1,106,419
Restricted funds
Northamptonshire County Council 11,236 (1,650) 9,586
Wooden Spoon 4,766 (700) 4,066
Notts. County Council 1,021 (150) 871
UniversityofNorthampton 1,294 (190) 1,104
High Sheriff 338 (49) 289
WREN 49,125 (6,149) 42,976
Lottery funding 10,123 {1,670) 8,453
Northamptonshire Enterprises Limited 22,526 {3,308) 19,218
Skatehut 42,865 {4,000) 38,865
Northamptonshire Community
Foundation 29,020 (2,802) 26,218
Ashley Paver - Photographic studio 9,996 {1,085) 8,911
Powertochange 366,308 (20,049) 346,259
Concrete Plaza 52,656 (4,051) 48,605
Innovate Northamptonshire 14,252 (839) 13,413
Major Growth Investment Grant 16,418 (966) 15,452
BMX project - Places to Ride 340,124 (18,895) 321,229
Facial Recognition Software 24,217 {6,523) 17,694
Olympics Celebration 1,054 {1,054)
Digital Project 55,000 55,000
996,285 (17,022) (1,054) 978,209
TOTAL FUNDS 1,841,394 243,234 2,084,628

Incoming Resources Movement
resources expended infunds
£ £ £
Unrestricted funds
General fund 1,047,856 (787,600) 260,256
Restricted funds
Northamptonshire County Council (1,650) (1,650)
Wooden Spoon (700) (700)
Notts. County Council (150) (150)
UniversityofNorthampton (190) (190)
High Sheriff (49) (49)
WREN (6,149) (6,149)
Lottery funding (1,670) (1,670)
Northamptonshire Enterprises Limited (3,308) (3,308)
Skatehut (4,000) (4,000)
Northamptonshire Community
Foundation (2,802) (2,802)
Ashley Pover - Photographic studio (1,085) (1,085)
Power to change (20,049) (20,049)
Concrete Plaza (4,051) (4,051)
Innovate Northamptonshire (839) (839)
Major Growth Investment Grant (966) (966)
BMX project - Places to Ride (18,895) (18,895)
Facial Recognition Software (6,523) (6,523)
Olympics Celebration 5,000 (3,946) 1,054
Holiday Activity and Food Programme 14,532 (14,532)
Digital Project 55,000 55,000
74,533 {91,555) {17,022)
TOTAL FUNDS 1,122,389 {879,155) 243,234

Comparatives for movementinfunds
Net Transfers
movement between At
At 1/4/20 infunds funds 31/3/21
£ £ £ £
Unrestricted funds
General fund 35,644 (35,644)
Skate Park improvements fund 642,087 (46,978) 595,109
Contingency fund 167,378 82,622 250,000
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
UniversityofNorthampton 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
Northamptonshire Community
Foundation 31,883 (2,863) 29,020
Ashley Pover - Photographic studio 11,117 (1,121) 9,996
Power to 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
BMX project - PlacestoRide 359,020 (18,896) 340,124
Facial Recognition Software 32,914 (8,697) 24,217
1,071,929 (75,644) 996,285
TOTAL FUNDS 1,881,394 (40,000) 1,841,394

Incoming Resources Movement
resources expended infunds
£ £ £
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)
UniversityofNorthampton (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)
Powertochange (20,185) (20,185)
Concrete Plaza (4,050) (4,050)
Innovate Northamptonshire (838) (838)
Major Growth Investment Grant (966) (966)
BMX project - Places to Ride (18,896) (18,896)
Facial Recognition Software (8,697) (8,697)
(75,644) (75,644)
TOTALFUNDS 602,466 (642,466) (40,000)

2022 2021
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 6,182 8,471
Grants 131,281 29,666
137,463 38,137
Investment income
Rents received 51,016 34,519
Deposit account interest 18 43
51,034 34,562
Charitable activities
Gate receipts 677,874 307,972
Facility sales and hire income 18,646 4,589
Cafe income 187,190 53,668
Merchandise sales 12,002 6,529
Grants 30,612 155,182
Other income 200
926,524 527,940
Other income
Rates recharges 7,368 1,827
Total incoming resources 1,122,389 602,466
EXPENDITURE
Charitable activities
Wages 333,960 259,923
Social security 20,863 15,973
Hire of plant and machinery 653
Rates and water 12,229 3,040
Insurance 18,536 21,199
Light and heat 30,040 20,306
Advertising and promotion 5,715 5,027
Sundries 2,329 2,348
Merchandise costs 6,204 1,949
Events costs 7,679 783
Cafe costs 88,234 22,809
Small equipment 261
Facility repairs and security 47,868 24,549
Cleaning 5,930 2,583
Carried forward 580,501 380,489

2022 2021
£ £
Charitable activities
Brought forward 580,501 380,489
Professional fees 99 1,409
Training 7,251 3,606
Provision releasedonfixed asset
expenditure (457) (507)
Depreciationoffreehold property 104,798 103,714
Depreciationofplant&machinery 35,421 35,772
727,613 524,483
Support costs
Management
Wages 25,139 19,564
Social security 1,570 1,202
Pensions 9,737 8,437
Staff welfare 7,944 7,032
Telephone 6,225 7,850
Motor expenses and travel 562 405
Stationery and printing 13,116 7,344
Software and internet costs 19,393 13,227
Recruitment Expenses 509
84,195 65,061
Finance
Bank charges 20,269 3,157
Exchange rate variances (5) 27
Bank loan interest 27,639 28,029
47,903 31,213
Governance costs
Auditors' remuneration 6,300 6,000
Auditors' remuneration for non audit work 13,144 15,709
19,444 21,709
Total resources expended 879,155 642,466
Net income/(expenditure) 243,234 {40,000)