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2023-03-31-accounts

Page
Report ofthe Trustees 1 to 11
Report ofthe Independent
Auditors		 12 to 15
Statement ofFinancial Activities 16
Statement of Financial Position 17 to 18
Statement ofCash Flows 19
Notes to the Statement ofCash Flows 20
Notes to the Financial Statements 21 to 34
Detailed Statement ofFinancial Activities 35 to 36

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes F F
INCOIIE AND ENDOWMENTS FROM
Donations and legacies 54,100 61,998 116,098 137,463
Charitable activities
Charitable activities 890,008 890,008 926,524
Investment income 54,387 54,387 51,034
Other income 13,260 13,260 7,368
Total 1,011,755 61,998 1,073,753 1 122,389
EXPENDITURE ON
Charitable activities
Charitable activities 939,384 120,097 1,059481 879,155
NET INCOIIE/(EXPENDITURE) 72,371 (58,099) 14,272 243,234
Transfers between funds 21
Net movement
in funds		 72,371 (58,099) 14,272 243,234
RECONCILIATION OF FUNDS
Total funds brought forward 1,106,419 978,209 2,084,628 1,841,394
TOTAL FUNDS CARRIED FORWARD 1,178,790 920,110 2,098,900 2,084,628

STATEIIENT OF
31 IIARCH 2023		 FINANCIAL
POSITI		 ON
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes F
FIXEDASSETS
Tangible assets 12 1,492,654 870,945 2,363,599 2,355,950
CURRENT ASSETS
Stocks 13 18,011 18,011 20,934
Debtors 14 29,546 29,546 21,569
Cash at bank and in hand 448,112 50,667 498,779 517040
495,669 50,667 546,336 559,543
CREDITORS
Amounts
falling due within one year		 15 (115,484) (1,502) (116,986) (108,083)
NET CURRENT ASSETS 380,185 49,165 429,350 451,460
TOTAL ASSETS LESSCURRENT
LIABILITIES 1,872,839 920,110 2,792,949 2,807,410
CREDITORS
Amounts
falling due after more than one year 16		 (690,350) (690,350) (718,673)
PROVISIONS FOR LIABILITIES 20 (3,699) (3,699) (4,110)
NET ASSETS 1,178,790 920,110 2,098,900 2,084,628
FUNDS 21
Unrestricted
funds		 1,178,790 1,106,419
Restricted funds 920,110 978,209
TOTAL FUNDS 2,098,900 2,084,628

2023 2022
Notes
Cash flows from operating activities
Cash generated
from operations		 223,708 448,282
interest
paid		 ~40,551) ~27,639)
Net cash provided by operating
activities		 183,157 420,643
Cash flows from investing activities
Purchase oftangible
fixed assets
Sale oftangible fixed assets		 (163,725) (56,481)
459
Interest received 1,978 18
Net cash used
in		 investing activities i161,747) ~56,004)
Cash flows from financing activities
Loan repayments in year ~39,671) ~32,765)
Net cash used
in		 financing activities ~39,671) ~32,765)
Change
in cash		 and cash equivalents
in the reporting period (18,261) 331,874
Cash and cash equivalents at the
beginning
ofthe		 reporting period 517,040 185,166
Cash and cash equivalents at the end
ofthe reporting period 498,779 517,040

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING NET INCOME TO NET CASH FLOW FROM OPERATING NET INCOME TO NET CASH FLOW FROM OPERATING NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2023 2022
Net income for the reporting period (as per the Statement of
Financial Activities) 14,272 243,234
Adjustments
for:
Depreciation
charges		 156,076 140,219
Interest received (1,978) (18)
Interest paid 40,551 27,639
Release of provisions (411) (457)
Decrease
in stocks		 2,923 653
(Increase)/decrease in debtors (7,977) 7,728
Increase
in creditors		 20,252 29,284
Net cash provided by operations 223,708 448,282
2. ANALYSIS OF CHANGES IN NET DEBT
At 1/4/22 Cash flow At 31/3/23
Net cash
Cash at bank and
in		 hand 517,040 ~18,261) 498,779
517,040 ~18261) 498,779
Debt
Debts falling due within 1 year (31,886) 11,348 (20,538)
Debts falling due after 1 year i718,673) 28,323 i690,350)
i750,559) 39,671 i710,888)
Total ~233,519) 21,410 i212,109)

2. DONATIONS
AND LEGACIES		 DONATIONS
AND LEGACIES		 DONATIONS
AND LEGACIES
2023 2022
Donations 16,600 6,182
Grants 87,498 131,281
Donated services and facilities 12,000
116,098 137,463
Grants received, included in the above, are as follows:
2023 2022
E
Lottery funding 9,955
Northamptonshire County Council 4,996
University
of Northampton		 7,500
England
Sports Council		 25,000
Corby Borough Council 21,749
Power To Change 18,000
North Northamptonshire Council 2,480 95,000
Northamptonshire Sport 19,567 14,532
87,498 131281
3. INVESTMENT INCOME
2023 2022
E F
Rents received 52,409 51,016
Deposit account interest 1,978 18
54,387 51,034
4. INCOME FROM INCOME FROM CHARITABLE ACTIVITIES CHARITABLE ACTIVITIES CHARITABLE ACTIVITIES CHARITABLE ACTIVITIES
2023 2022
Activity E
Gate receipts Charitable activities 648,756 677,874
Facility sales and hire
income Charitable activities 27,283 18,646
Cafh income Charitable activities 202,440 187,190
Merchandise sales Charitable activities 11,264 12,002
Grants Charitable activities 30,612
Other income Charitable activities 265 200
890,008 926,524
Grants received, included in the above, are as follows:
2023 2022
E
COVID-19 Grants 30,612
5. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 6) note 7) Totals
F F F
Charitable
activities		 876,168 183,313 1,059,481
6. DIRECT COSTS OF CHARITABLE ACTIVITIES
2023 2022
F
Staff costs 444,021 354,823
Hire of plant and machinery 854 653
Rates and water 18,706 12,229
Insurance 24,938 18,536
Light and heat 33,073 30,040
Advertising
and promotion		 11,898 5,715
Sundries 1,265 2,329
Merchandise costs 10,595 6,204
Events costs 8,782 7,679
Cafb costs 104,757 88,234
Small equipment 166 261
Facility repairs and security 38,665 47,868
Cleaning 3,401 5,930
Professional fees 3,862 99
Bad debts 12
Training 15,508 7,251
Provision released on fixed asset expenditure (411) (457)
Depreciation 156,076 140,219
876,168 727,613

7. SUPPORT SUPPORT COSTS COSTS COSTS
Governance
Management Finance costs Totals
F
Charitable activities 95,941 65,048 22,324 183,313
Support costs, included in the above, are as follows:
Management
2023 2022
Charitable Total
activities activities
E
Wages 31,236 25,139
Social security 2,185 1,570
Pensions 11,663 9,737
Staff welfare 8,939 7,944
Telephone 6,743 6,225
Motor expenses and travel 2,287 562
Stationery and printing 5,588 13,116
SofhNare and internet costs 26,916 19,393
Recruitment Expenses 384 509
95,941 84,195
Finance
2023 2022
Charitable Total
activities activities
Bank charges 23,939 20,269
Exchange rate variances 558 (5)
Bank loan interest 40,551 27,639
65,048 47,903
Governance costs
2023 2022
Charitable Total
activities activities
F
Auditors' remuneration 6,930 6,300
Auditors' remuneration for non audit
work 15,394 13,144
22,324 19,444

2023 2022
E
Auditors' remuneration 6,930 6,300
Auditors' remuneration for non audit work 15,394 13,144
Depreciation -owned assets 156,076 140,219
Hire of plant and machinery 9,793 8,597

STAFF COSTS
2023 2022
Wages and salaries 446,228 359,099
Social security costs 31,214 22,433
Other pension costs 11,663 9,737
489,105 391,269
The average
monthly		 number ofemployees during the year was as follows:
2023 2022
Engaged on charitable activities 30 25
The number
of employees		 whose employee benefits (excluding employer pension costs) exceeded
F60,000was:
F60,001 - f70,000
f70,001 - 280,000		 2023
1
1		 2022

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
E F
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 62,930 74,533 137,463
Charitable
activities
Charitable
activities		 926,524 926,524
Investment
income		 51,034 51,034
Other income 7,368 7,368
Total 1,047,856 74,533 1,122,389
EXPENDITURE ON
Charitable
activities
Charitable
activities		 787,600 91 555 879,155
NET INCOME/(EXPENDITURE)
Transfers
between funds		 260,256
1,054		 (17,022)
~1,054)		 243,234
Net movement
in funds		 261,310 (18,076) 243;234
RECONCILIATION OF FUNDS
Total funds brought forward 845,109 996,285 1,841,394
TOTAL FUNDS CARRIED FORWARD 1 106,419 978209 2,084,628
12. TANGIBLE FIXEDASSETS
Freehold Plant and
property machinery Totals
F
COST
At 1 April 2022 3,225,529 437,576 3,663,105
Additions 81,435 82,290 163,725
At 31 March 2023 3,306,964 519,866 3,826,830
DEPRECIATION
At 1 April 2022 975,615 331,540 1,307,155
Charge for year 108,939 47,137 156,076
At 31 March 2023 1,084,554 378,677 1,463,231
NET BOOK VALUE
At 31 March 2023 2,222,410 141,189 2,363,599
At 31 March 2022 2,249,914 106,036 2 355,950

13. STOCKS
2023 2022
Finished goods 18,011 20,934
14. DEBTORS:AIIOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
F
Trade debtors 7,666 12,812
Other debtors 10,752
Prepayments
and accrued		 income 11,128 6757
29,546 21,569
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
F
Bank loans and overdrafts (see note 17) 20,538 26,886
Other loans (see note 17) 5,000
Trade creditors 42,069 28,401
Social security and other taxes 9,896 8,296
VAT 27,372 21,669
Other creditors 347 2,764
Accruals and deferred income 16764 15,067
116,986 108,083
Included
within		 accruals
and deferred		 income is F6,624 (2022: anil) for deferred
income		 relating
to a
post year end programme and training.
16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
Bank loans (see note 17) 690,350 708,673
Other loans (see note 17) 10,000
690,350 718,673

2023 2022
F
Amounts
falling due		 within one year on demand:
Bank loans 20,538 26,886
Other loans 5,000
20,538 31,886
Amounts
falling due		 between
two and five		 years:
Bank loans - 2-5years 99,458 119,242
Other loans - 2-5years 10,000
99,458 129,242
Amounts
falling due		 in more than five years:
Repayable by instalments:
Bank loans more than 5years by instalments 590,892 589,431
18. LEASING AGREEMENTS
Minimum
lease payments		 under non-cancellable operating leases fall due as follows:
2023 2022
F
Within one year 2,240 2,280
Between one and five years 1,448 2,896
3,688 5,176
19. SECURED DEBTS
The following secured debts are included within creditors:
2023 2022
Bank loans 710,888 735,559

20. PROVISIONS FO R L IAB ILIT IES
2023 2022
E
Provisions 3,699 4,110
21. MOVEMENT
IN FUNDS
Net Transfers
movement between At
At 1/4/22 in funds funds 31/3/23
F
Unrestricted
funds
General
fund		 72,371 (72,371)
Skate Park improvements fund 831,419 (27,629) 803,790
Contingency
fund		 250,000 100,000 350,000
John Chard-Young Legacy Fund 25,000 25,000
1,106,419 72,371 1,178,790
Restricted funds
Northamptonshire County Council 9,586 (1,650) 7,936
Wooden Spoon 4,066 (700) 3,366
Notts. County
Council		 871 (150) 721
University
of Northampton		 1,104 (190) 914
High Sheriff 289 (50) 239
WREN 42,976 (6,138) 36,838
Lottery funding 8,453 8,396 16,849
Northamptonshire Enterprises Limited 19,218 (3,308) 15,910
Skatehut 38,865 (4,000) 34,865
Northamptonshire Community
Foundation 26,218 (2,756) 23,462
Ashley Pover - Photographic studio 8,911 (1,058) 7,853
Powerto change 346,259 (19,947) 326,312
Concrete Plaza 48,605 (4,051) 44,554
Innovate
Northamptonshire		 13,413 (838) 12,575
Major Growth
Investment		 Grant 15,452 (966) 14,486
BMXproject —Places to Ride 321,229 (18,896) 302,333
Facial Recognition Software 17,694 (4,423) 13,271
Digital Project 55,000 (23,615) 31,385
NCC —Cecil Pettit Fund 3,747 3,747
Sport England - Membership System 20,014 20,014
NNC - Well Northants Community
Funding 2,480 2,480
978,209 ~58,099) 920,110
TOTAL FUNDS 2,084,628 14,272 2,098,900

Net movement
in		 fund s,
i		 nclud ed
in the above ar		 e as follows:
Incoming Resources Movement
resources expended in funds
E E
Unrestricted
funds
General
fund		 1,011,755 (939,384) 72,371
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 (6,138) (6,138)
Lottery funding 9,955 (1,559) 8,396
Northamptonshire Enterprises Limited (3,308) (3,308)
Skatehut (4,000) (4,000)
Northamptonshire Community
Foundation (2,756) (2,756)
Ashley Pover - Photographic studio (1,058) (1,058)
Power to change (19,947) (19,947)
Concrete Plaza (4,051) (4,051)
Innovate
Northamptonshire		 (838) (838)
Major Growth
Investment		 Grant (966) (966)
BMXproject- Places to Ride (18,896) (18,896)
Facial Recognition Software (4,423) (4,423)
Holiday
Activity and Food		 Programme 19,567 (19,567)
Digital Project (23,615) (23,615)
NCC - Cecil Pettit Fund 4,996 (1,249) 3,747
Sport England
- Membership		 System 25,000 (4,986) 20,014
NNC - Well Northants Community
Funding 2,480 2,480
81,998 ~120,097) ~58,099)
TOTAL FUNDS 1,073,753 ~1,059,481) 14,272

Comparatives
for		 move ment in funds
Net Transfers
movement between At
At 1/4/21 in funds 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
University
of Northampton		 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 Pover - Photographic studio 9,996 (1,085) 8,911
Power to change 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
BMXproject- 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 in funds
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)
University
of Northampton		 (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)
BMXproject- 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
The following
funds		 relate to capital grants applied to the creation of fixed assets for use
in the
charity's
activities:
- Northamptonshire
County		 Council
-Wooden Spoon
—Notts. County
Council
- University
of Northampton

2023 2022
F F
INCOME AND ENDOWMENTS
Donations
and		 legacies
Donations 16,600 6,182
Grants 87,498 131,281
Donated services and facilities 12,000
116,098 137,463
Investment
income
Rents received 52,409 51,016
Deposit account interest 1,978 18
54,387 51,034
Charitable
activities
Gate receipts 645,006 677,874
Facility sales and hire income 27,283 18,646
Cafh income 202,440 187,190
Merchandise
sales		 11,264 12,002
Grants 30,612
Other income 265 200
Sponsorship 3,750
890,008 926,524
Other income
Rates 5 Consultancy recharges 13,260 7,368
Total incoming resources 1,073,753 1,122,389
EXPENDITURE
Charitable
activities
Wages 414,992 333,960
Social security 29,029 20,863
Hire of plant and machinery 854 653
Rates and water 18,706 12,229
Insurance 24,938 18,536
Light and heat 33,073 30,040
Advertising
and promotion		 11,898 5,715
Sundries 1,265 2,329
Merchandise
costs		 4,745 6,204
Events costs 8,782 7,679
Cafh costs 104,757 88,234
Carried forward 658,888 526,442

2023 2022
F E
Charitable
activities
Brought forward 658,888 526,442
Small equipment 166 261
Facility repairs and security 38,665 47,868
Cleaning 3,401 5,930
Professional
fees		 9,712 99
Bad debts 12
Training 15,508 7,251
Provision
released		 on fixed asset
expenditure (411) (457)
Depreciation
offreehold		 property 108,939 104,798
Depreciation
of plant 8		 machinery 47,137 35,421
876,168 727,613
Support costs
Management
Wages 31,236 25,139
Social security 2,185 1,570
Pensions 11,663 9,737
Staff welfare 8,939 7,944
Telephone 6,743 6,225
Motor expenses and travel 2,287 562
Stationery
and printing		 5,588 13,116
Software and internet costs 26,916 19,393
Recruitment
Expenses		 384 509
95,941 84,195
Finance
Bank charges 23,939 20,269
Exchange rate variances 558 (5)
Bank loan interest 40,551 27,639
65,048 47,903
Governance costs
Auditors'
remuneration		 6,930 6,300
Auditors'
remuneration		 for non audit work 15,394 13,144
22 324 19,444
Total resources expended 1,059,481 879,155
Net income 14,272 243 234

Surplus per TB 156,182.87
Accruals and deferred income movement (834.13)
Depreciation (156,076.00)
BWard loan - written offas now a donation 15,000.00
Total: 14,272.74