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





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|||||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)|





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|**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|





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|**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|



## 

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||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)|