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← Adrenaline Alley

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 05819804 (England and Wales)

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REGISTERED CHARITY NUMBER: 1115146

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ADRENALINE ALLEY

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ADRENALINE ALLEY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Report ofthe Trustees 1 to 11
Report ofthe Independent Auditors 12 to 15
Statement of Financial Activities 16
Statement of Financial Position 17 to 18
Statement of Cash Flows 19
Notes to the Statement ofCash Flows 20
Notes to the Financial Statements 21 to 36
DetailedStatementofFinancialActivities 37 to 38

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ADRENALINE ALLEY

REPORT OF THE TRUSTEES | FOR THE YEAR ENDED 31 MARCH 2025 |

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's objectives are to provide or assist in the provision of recreational facilities in or around Corby, Northamptonshire for young people with the object of improving opportunities, health, and wellbeing and to provide for such persons' facilities for skateboarding, roller-skating, cycling and other such similar activities. To increase opportunities and activities for disability, female, beginners, and participants from European and BAME communities.

The charity's long-term objective is to continue expanding and developing the Corby site and adapt land on its purchased 6-acre site for future development. To secure its asset by improving the buildings for the future.

| The charity has a 6-year plan to secure the asset by improving all three buildings for current and future activities including roof replacements, drainage improvements to support the vision to develop a Multi-use Community Centre of Excellence and become the UK home for BMX Freestyle and create an academy for young people in the sports who wish to further their careers. In addition, provide accommodation on site, increase its own brand of merchandise and to replicate the business model to help develop communities in the same way as it has done for Corby.

Through the Northants Community Foundation, the John Chard-Young Legacy Fund supports people with mental health problems through a programme that can support people with physical and mental health problems but also those struggling financially to participate. The fund will also support people with disabilities to encourage people to engage in the sports, develop their skills and volunteer.

Launched in August 2023, Adrenaline Alley's Active In Motion exercise centre is supporting old and young people to improve their health and wellbeing through exercise using low impact, power assisted exercise machines.

Aims:

o Sustain the charity.

o Secure the asset

0 Increase participation and revenue.

o Launch a new website and internal CMS (Oct 2025)

o Progress a 6-year development plan.

o Increase the catering service.

o Develop a merchandise brand on the website.

o Provide employment opportunities.

o Provide Licences to Occupy for other small businesses.

o Promote and provide volunteer work.

o Support and develop BMX Freestyle as an Olympic sport.

o Improve Health and wellbeing in the community through Active in Motion. o Increase our Bungee fitness activity. o Reduce anti-social behaviour through positive and diversionary activities. 0 Provide learning and training opportunities.

0 Increase opportunities for those living in areas of deprivation and are at risk of social exclusion. o Increase tourism and contribute to Corby and Northamptonshire's economy. o Develop a replication model for the future.

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ADRENALINE ALLEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES

Significant activities

Adrenaline Alley is renowned as "the biggest and best park in Europe" and has attracted over 1m visits since its inception in February 2002. Formerly known as Corby Wheels Project the charity rebranded and registered with Companies House and the Charity Commission as Adrenaline Alley. It has increased the charities potential to expand and develop and provide replication opportunities in other communities in the future.

The charity collaborates with various community and social groups to promote and help those at risk of exclusion, poverty, or disadvantage. It provides sporting sessions, reduced cost sessions and equipment hire prices, opportunities for staff, volunteers, and people in the community to engage in sporting, training, and learning opportunities and outreach activities.

Factors relevant to the achievement of the charity's objectives during the financial year were as follows: 1. Continue to develop the Corby site to increase participation.

  1. Attract sponsors and events.

  2. Designing and planning a new website and internal CMS.

  3. Encourage people to be more active and improve health and wellbeing especially is the older age groups and for people with lifelong illnesses and disabilities.

  4. Continue providing staff and volunteers with training and learning opportunities.

  5. Upskill managers into senior management positions in line with the company's transition and succession plan.

  6. Provide certified training opportunities for all staff and management.

  7. Offer discounted rates to disadvantaged individuals and groups.

  8. Support and encourage WCMxX (wheelchair adaptive skating).

The Board of Directors continually monitor and evaluate the business with a clear focus on the Charity's strategic objectives and continues to work with existing and new stakeholders and investors.

Budgets, cash flow and forecasts are monitored against actual performance monthly, and the board continue to work proactively to deliver the organisations vision, mission, and objectives.

Public benefit

The Trustees have had regard to the Charity Commission guidance on public benefit.

The benefits that arise from the aims and principal objectives of the charity are to provide or assist in the provision of recreational facilities in or around Corby, Northamptonshire for young people with the object of improving their condition of life.

The charity has met the public benefit test through delivering its mission, to provide for such persons’ facilities for BMX, skateboarding, inline and quad and scootering and other such similar activities.

Our organisations’ aims intend to continue expanding and developing the Corby site, develop a Multi-use Community Centre of Excellence, increase its own brand of merchandise, install accommodation and replicate the business model to help develop communities in the same way as it has done for Corby.

Grantmaking

The charity donated £1,276 in this financial year to support people in the community to improve the physical and mental wellbeing and to support people who have financial constraints to access free session at Active in Motion and for people with disabilities to access Adrenaline Alley sessions. The funds are hosted by the Northamptonshire Community Foundation on behalf of the John Chard-Young Legacy Fund.

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ADRENALINE ALLEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES

Volunteers

The charity has forty-five volunteers working flexible hours and times through a wide range of activities from general park supervision, roof repairs, coaching, maintaining the facility, event management to marketing. Twenty-six are regular volunteers contributing 3 hours per week during school terms. Their contribution was an average of 26 volunteers x 3 hrs x 39 weeks = 3042 hours, equating to £19,773. Other volunteers are on an adhoc basis. The charity's success would not be possible without volunteer support and generosity.

The Trustees would particularly like to thank those who have collaborated with us to raise the charity's profile.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Factors relevant to the achievement of the charity's objectives during the financial year were as follows:

  1. Continue to develop the Corby site to increase participation.

  2. Attract sponsors and events.

  3. Desing and plan a new website and internal CMS.

  4. Encourage people to be more active and improve health and wellbeing especially is the older age groups and for people with lifelong illnesses and disabilities.

  5. Continue providing staff and volunteers with training and learning opportunities.

  6. Up skill managers to into senior management positions in line with the company's transition and

succession plan.

  1. Provide certified training opportunities for all staff and management.

  2. Offer discounted rates to disadvantaged individuals and groups.

  3. Support and encourage WCMX (wheelchair adaptive skating).

Fundraising activities

The charity does not use the services of professional fundraisers or commercial participators to assist with its fund development. The charity abides by the Code of Fundraising practice introduced by the Fundraising Regulator and no complaints have been received regarding its fund development activities.

To support the social mission of the charity the board of trustees have approved a percentage of revenue generated from Adrenaline Alley to be donated to the John Chard-Young Legacy Fund on an annual basis for it to carry out its mission to help more people across the community suffering with mental and physical problems.

The Trustees want to thank all those individuals and organisations that have, as either donors or supporters, helped us to achieve a successful year. Our success would not be possible without their support and generosity. We would particularly like to thank those who have collaborated with us to raise the charity's profile.

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ADRENALINE ALLEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENTS AND PERFORMANCE

The Board of Directors continually analyse the charities finances, forecasts, and developments to determine achievable outcomes for the future. They analyse and assess what the financial and operational risk could be and what control measures should be implemented to minimise risks. They assess the impact the controls would have on the charity, its beneficiaries, and stakeholders.

This financial year was a success for the charity and the continued investment towards the new digital project now represents a £220k investment by the charity. This is crucial to support future developments and provide an up-to-date website and internal CMS system for existing and new activities and to support the 6-year plan.

Events, training, and coaching opportunities have continued to increase with an average of 190 children per week attending training clubs. The charity has created a training and coaching pathway from 2 years old to Olympic training level with regular training sessions for Olympic athletes.

Staff, volunteer, and management training plans have been successfully implemented, and a company succession and transition plan remain operational. Individual skill management is encouraged through Personal Development Plans (PDP's) to increase and develop skills which help to retain staff long term. At the end of 2024 a new2 storey spectator area was installed to improve amenities for parents. This area also includes a new work room for parents. In addition, a new outdoor kitchen to improve catering facilities specifically for events was installed.

The board of trustees are satisfied the charity can continue its activities during the coming year and is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

FINANCIAL REVIEW

Principal funding sources

This financial year’s success is testament to the dedication and challenging work the team have given to ensure the charity remains financially sustainable. Their contribution and passion to ensure the charity delivers its business and social aims is to be applauded.

The board of trustees are very satisfied with the performance of the charity during the year ending the 31st of March 2025 and express thanks to the staff and volunteers for their remarkable performance this year.

Funding secured 2024-2025

The surplus on the ordinary activities of the charity during the year amounted to £126,040 (2024: deficit £45,646). The balance of unrestricted funds increased by £208,294 to £1,350,982 and restricted funds decreased by £82,254 £828,312.

Changes in fixed assets are shown in detail in the notes to the accounts. These mainly include improvements to the premises and skate parks.

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ADRENALINE ALLEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

Reserves policy

The Board of Trustees examined the charity's requirements for reserves considering the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be a minimum of 6 months of expenditure.

The unrestricted reserves at the year end were £365k which represents approximately 4 months of expenditure. The Board intend to achieve the required level of 6 months expenditure through ongoing surpluses over the next 2 years, whilst continuing to invest in the development plan in the short to medium term.

The Board of Trustees and Management Committee are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in participation.

Short term the board has considered the extent to which existing activities and expenditure could be curtailed, to proactively counteract for any predicted changes in participation, trends, and financial circumstances.

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ADRENALINE ALLEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

FUTURE PLANS

The charity remains strong, confident, and robust. It plans to continue its core activities focussing directly on its future sustainability and participation. The Board of Trustees have taken the decision to continue with the controlled measures in place.

Providing onsite accommodation has always beena vision for the charity and could provide customers with the "complete package" allowing the introduction of package deals and tickets. The charity is working to make this a reality. There is a provision plan in place to have accommodation by May 2026.

Adrenaline Alley is at the forefront of UK facilities and plans to improve its digital infrastructure to provide better and increased services, activities and overall improve the customer experience. This project will enable us to develop and expand in the future, allow other skateparks and leisure facilities to purchase the systems and provide our customers with a user-friendly website and complete booking process all in one. In addition, we will have the ability to target market via our systems and website to specific groups of people and those participating in the individual sports. This is due to launch end of October 2025.

Adrenaline Alley played a key role by providing a facility for training elite athletes in preparation for the Olympics in 2028. With the success for BMX Freestyle and skateboarding in the Olympics our vision is to provide a world class Centre of Excellence in the UK for training, events, and general participation. This could help to attract future sponsors, increase events, and attract participation contributing to the overall future sustainability of the charity. The charity is working towards its 6-year Development plan to provide this centre by 2030.

Long term the vision is to replicate the business model nationwide to help other communities to develop meeting the needs of local communities and create "feeder" parks while Corby remains the "Wembley of Urban Sports”.

Consultation on a European project continues. This project will help major European developments to install good, indoor, and outdoor facilities for the future.

Objectives

From 1st April 2025

  1. Continue to increase new and repeat participation.

  2. Secure the asset by improving infrastructure.

  3. Implement the 6-year Development Plan.

  4. Secure funding.

  5. Increase social media campaigns.

  6. Change and improve park areas to encourage participation.

  7. Increase training and coaching opportunities.

    1. Increase health and wellbeing by increasing participation through Active In Motion and Bungee fitness activities.

  9. Install accommodation.

  10. Launch a new website and internal CMS.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The organisation is a charitable company limited by guarantee. In the event of the organisation being wound up members are required to contribute an amount not exceeding £1. The company was established under a Memorandum of Association, which established the objectives and powers of the charitable | company and is governed under its Articles of Association. |

The company is limited by guarantee and therefore has no share capital.

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| ADRENALINE ALLEY | | REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT | Recruitment and appointment of new trustees | All new trustees are voted for and recommended by members at our annual AGM. | The charity appoints, removes or disqualifies directors in accordance with 12.1.1 - | Organisational structure

The charity appoints, removes or disqualifies directors in accordance with 12.1.1 - 13.1.6 of its constitution.

Organisational structure The Charity has a Board of Directors who are the overall decision makers for the charity and guide and lead the organisation strategically and successfully. They are responsible for supervising the organisations policies and strategic decisions that ensure the effective and efficient running of the business.

The Board of Trustees are the overall decision makers for the charity, The Chief Executive Officer (CEO) is responsible for the overall performance of the business, and the Operations Director is responsible for the day-to-day operational management of the facility and the implementation and review of the charities policies and procedures. The organisation employs forty-two people a, full time equivalent of 14.

Induction and training of new trustees

Prior to being elected, nominees are invited to a Management Committee meeting, as well as visiting the premises to meet trustees and staff.

Should they be appointed, they are provided with all relevant information for the Charity Commission and Companies House as well as information for the Charity itself and the work and responsibilities for a trustee.

Following this, arrangements are made, on a continual basis, to attend any courses that are deemed beneficial for a trustee.

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ADRENALINE ALLEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Key management remuneration

The charity is committed to ensuring a proper balance between:

a) paying its staff and others who work for it so that it can attract and retain the best people for the job b) careful management of the charity's funds

in so doing it will ensure the greatest effectiveness in delivering its charitable objectives and meeting the needs of its beneficiaries.

Salaries for all posts, other than managers and paid Company Directors (CEO and Operations Director), will comprise a band made up of a series of evenly distributed salary & pay points that are based on minimum wage and where possible 3-5% above the National Living wage for age rates.

All staff will be entitled to receive a contribution towards a private pension scheme, equivalent to 3% of their gross salary. In accordance with the Government's salary exchange scheme, staff may elect to sacrifice some of their salary in lieu of an increased employer contribution.

In March each year, the Trustees will determine whether the salary levels for all staff should be adjusted for the forthcoming financial year beginning 1st April, to reflect national cost of living changes and agree increases in accordance and consideration of the performance and financial position of the business. Cost of living adjustments will be applied equally to all staff.

The annual, formal, considerations of the Trustees are to:

deems suitable, and taking account of the nature of the posts being considered

The Trustees’ considerations will begin with an assumption that salaries should be adjusted to match inflation, specifically the Consumer Price Index (CPI), over the preceding 12 months. They will then determine whether this is appropriate in the context of:

a) the charity's financial situation

b) a decline in profits based on Coronavirus pandemic

c) the charity's performance and financial position

d) cost of living adjustments made in recent years

e) pay reviews trends

The total remuneration paid to three (2024: two) key management personnel during the year was £193,254 (2024: £169,230).

Engagement with employees

Adrenaline Alley is an equal opportunities employer and encourages anyone who has the potential to develop their personal and academic skills. It engages with disabled volunteers and continues to raise awareness of opportunities.

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ADRENALINE ALLEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management

The trustees have a duty to identify and review risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. New Risk Management policies have been introduced and approved within the Tier 2 governance programme via Sport England to ensure the charity and its board members, staff and volunteers comply to Charity Commission good practice and regulations.

The trustees have discussed the major risks to which the charity was exposed during the pandemic. Where appropriate, systems or procedures have been established to mitigate potential risks the charity faces.

Significant external risks to future funding have led to the implementation of a strategic development plan, which will allow for the diversification of funding and activities to be analysed and implemented. The primary focus will be to increase participation through innovative marketing to attract repeat and new customers over the next year. The new website will help us to target market and promote offers and discounts to customers directly.

The charity achieved 6 months reserves at the end of March 2025. The Risk Management Policy identified how the charity will manage unprecedented events such as a pandemic happening in the future and what reserves the charity should hold if these circumstances occur again. Risk assessments are in place for all areas of the business and are regularly reviewed when necessary and in line with our risk management procedures.

Internal control risks are minimised by internal procedures for authorisation of all transactions and projects. Policies and procedures are in place to ensure compliance with health and safety of staff, volunteers, clients, and visitors to the centre.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 05819804 (England and Wales)

Registered Charity number

1115146

Registered office 6 Priors Haw Road Corby Northamptonshire NN17 5JG

Trustees J Caine A Gonzalez De Savage P Labaj N Bolton S T Holford S Lee-Vae (resigned 2/9/2024) K F Thomas (resigned 27/5/2025) JS Young (appointed 23/7/2024) D J Smith (appointed 22/10/2024) D Brooks (appointed 22/10/2024)

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ADRENALINE ALLEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Auditors Shaw Gibbs (Audit) Limited Chartered Certified Accountants Statutory Auditor Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ

Bankers

National Westminster Bank plc

Chief Executive Officer

Mandy Elizabeth Young MBE DL

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (who are also the directors of Adrenaline Alley for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AUDITORS

The auditors, Shaw Gibbs (Audit) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

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ADRENALINE ALLEY

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on DBl0 2 coon and signed on its behalf by:

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ADRENALINE ALLEY

Opinion

We have audited the financial statements of Adrenaline Alley (the ‘charitable company’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the statementscharitable companyin the UK,in accordanceincluding withthe theFRC'’s ethicalEthicalrequirementsStandard,thatand arewerelevanthave tofulfilledour audit ofour other the financialethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. !f, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ADRENALINE ALLEY

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal contro! as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ADRENALINE ALLEY

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management and the understatement of revenue. Our audit procedures performed to respond to these risks included: - analytical procedures to identify any unusual or unexpected relationships;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ADRENALINE ALLEY

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

: A further description of our responsibilities for the audit of the financial statements is located on the Financial | Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Shaw Gibbs (Audit) Limited Chartered Certified Accountants Statutory Auditor Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ Date: AN Ockths, 2° ASa

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ADRENALINE ALLEY

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
UnrestrictedRestricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 11,608 74,068 85,676 128,975
Charitable activities 4
Charitable activities 1,384,709 - 1,384,709 1,085,630
Investment income 3 43,537 - 43,537 55,439
Other income 4,935 - 4,935 6,860
Total 1,444,789 74,068 1,518,857 1,276,904
EXPENDITURE ON
Charitable activities 5
Charitable activities 1,236,495 156,322 1,392,817 1,322,550
NET INCOME/(EXPENDITURE) 208,294 (82,254) 126,040 (45,646)
RECONCILIATION OF FUNDS
Total funds broughtforward 1,142,688 910,566 2,053,254 2,098,900
TOTALFUNDSCARRIEDFORWARD 1,350,982 828,312 2,179,294 2,053,254

The notes form part of these financial statements

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ADRENALINE ALLEY

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |UnrestrictedRestricted|Total|Total| |funds|funds|funds|funds| |Notes|£|£|£|£| |FIXED|ASSETS| |Intangible|assets|13|108,074|51,398|159,472|140,395| |Tangible|assets|14|1,528,148|770,893|2,299,041|2,327,924| |1,636,222|822,291|2,458,513|2,468,319| |CURRENT|ASSETS| |Stocks|15|27,128|-|27,128|16,470| |Debtors|16|76,608|-|76,608|53,472| |Cash|at|bank|and|in|hand|484,574|13,854|498,428|405,936| |588,310|13,854|602,164|475,878| |CREDITORS| |Amounts|falling|due|within|one|year|17|(223,044)|(7,834)|(230,878)|(216,179)| |NET|CURRENT|ASSETS|365,266|6,020|371,286|259,699| |TOTAL|ASSETS|LESS|CURRENT| |LIABILITIES|2,001,488|828,311|2,829,799|2,728,018| |CREDITORS| |Amounts|falling|due|after|more|than|one| |year|18|(647,509)|-|(647,509)|(671,435)| |PROVISIONS|FOR|LIABILITIES|22|(2,996)|-|(2,996)|(3,329)| |NET ASSETS|1,350,983|828,311|2,179,294|2,053,254| |FUNDS|23| |Unrestricted|funds|1,350,983|1,142,688| |Restricted|funds|828,311|910,566| |TOTAL FUNDS|2,179,294|2,053,254|

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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The notes form part of these financial statements

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continued...

ADRENALINE ALLEY

STATEMENT OF FINANCIAL POSITION - continued 31 MARCH 2025

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

TheAkeekOst.statements.wereZOLS. and wereapprovedsigned onby itsthebehalfBoard by: of Trustees and authorised for issue on

A Gonzalez DeSavage - Trustee

The notes form part of these financial statements

Page 18

!

ADRENALINE ALLEY

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

==> picture [453 x 359] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |Notes|£|£| |Cash|flows|from|operating|activities| |Cash|generated|from|operations|1|314,148|252,779| |Interest|paid|(58,766)|(59,414)| |Net|cash|provided|by|operating|activities|255,382|193,365| |Cash|flows|from|investing|activities| |Purchase|of|intangible|fixed|assets|(19,077)|(140,395)| |Purchase|of tangible|fixed|assets|(149,425)|(131,439)| |Interest|received|5,519|4,884| |Net|cash|used|in|investing|activities|(162,983)|(266,950)| |Cash|flows|from|financing|activities| |Loan|repayments|in|year|93|(19,258)| |Net|cash|provided|by/(used|in)|financing|activities|93|(19,258)| |Change|in|cash|and|cash|equivalents| |in|the|reporting|period|92,492|(92,843)| |Cash|and|cash|equivalents|at|the| |beginning|of the|reporting|period|405,936|498,779| |Cash|and|cash|equivalents|at the|end| |of the|reporting|period|498,428|405,936|

----- End of picture text -----

The notes form part of these financial statements

Page 19

| |

ADRENALINE ALLEY

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2025 2024

£
£
Net income/(expenditure) for the reporting period (as perthe
Statement of Financial Activities) 126,040 (45,646)
Adjustments for:
Depreciation charges 166,735 167,111
Loss on disposal offixed assets 11,573 -
Interest received (5,519) (4,884)
Interest paid 58,766 59,414
Release of provisions (333) (370)
(Increase)/decrease in stocks (10,658) 1,541
Increase in debtors (23,136) (23,926)
(Decrease)/increase in creditors (9,320) 99,539
Netcashprovidedbyoperations 314,148 252,779

ANALYSIS OF CHANGES IN NET DEBT

|

At 1/4/24 Cash flow At 31/3/25
£ £ £
Net cash
Cash at bank and in hand 405,936 92,492 498,428
405,936 92,492 498,428
Debt
Debts falling due within 1 year (20,195) (24,019) (44,214)
Debts falling due after 1 year (671,435) 23,926 (647,509)
(691,630) (93) (691,723)
Total (285,694) 92,399 (193,295)

The notes form part of these financial statements

Page 20

ADRENALINE ALLEY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicablehave been inpreparedthe UK andunderRepublthe h i storicalc of Ireland’,cost convention.and the Companies Act 2006. The financial statements

Adrenaline Alley is an incorporated charity, limited by guarantee, registered in England and Wales. The charity's number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£) and balances are rounded to the nearest whole Pound.

Judgements and estimations

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires the Trustees to exercise their judgement in the process of applying the accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Going concern

No material uncertainties regarding going concern exist.

Income

| |

| |

All income, including Government grant income, is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Computer software

Computer software is initially measured at cost. After initial recognition it is subsequently measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software will be amortised evenly over its estimated useful life of 10 years. No amortisation has been recognised in the year as the asset is not yet in use.

Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 5% on cost Plant and machinery - 25% on reducing balance

continued...

Page 21

ADRENALINE ALLEY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

  1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Motor vehicles - 25% on reducing balance

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The Trustees are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Page 22

continued...

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

ADRENALINE ALLEY

1. ACCOUNTING POLICIES - continued

Financial instruments

Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

  1. DONATIONS AND LEGACIES

|

DONATIONS AND LEGACIES
2025 2024
£ £
Donations
Grants		 11,611
74,065		 2,957
115,482
Donated services and facilities - 10,536
85,676 128,975
Grants received, included in the above, are as follows:
2025 2024
£ £
Northamptonshire County Council - 480
British Cycling 15,000 250
North Northamptonshire Council 15,000 -
Northamptonshire Sport 42,065 15,040
CorbyTown Council 2,000 1,500
FCC Communities Foundation - 96,429
Key Fund Investment - 1,783
74,065 115,482
INVESTMENT INCOME
2025 2024
£ £
Rents received 38,018 50,555
Deposit account interest 5,519 4,884
43,537 55,439

Page 23

continued...

ADRENALINE ALLEY

| NOTES TO THE FINANCIAL STATEMENTS- continued | FOR THE YEAR ENDED 31 MARCH 2025

4. INCOME FROM CHARITABLE ACTIVITIES

| | | | |

2025 2024
Activity £ £
Gate receipts Charitable activities 848,635 730,324
Facility sales and hire
income Charitable activities 68,770 33,799
Cafe income Charitable activities 324,554 258,330
Merchandise sales Charitable activities 33,948 12,143
Sponsorship Charitable activities 39,391 29,508
Wellness centre income Charitable activities 69,411 21,526
1,384,709 1,085,630
5. CHARITABLE ACTIVITIES COSTS
Grant
funding of
Direct activities Support
Costs (see (see note costs (see
note 6) 7) note 8) Totals
£ £ £ £
Charitable activities 1,153,380 22,925 216,512 1,392,817
6. DIRECT COSTS OF CHARITABLE ACTIVITIES
2025 2024
£ £
Staff costs 584,020 524,117
Hire of plant and machinery - 15
Rates and water
insurance
Light and heat
Advertising and promotion		 7,693
35,659
57,071
13,059		 13,727
29,895
86,780
16,984
Sundries 1,869 4,454
Merchandise costs 17,376 8,598
Events costs 22,771 12,034
Wellness Centre 1,243 15,761
Instructors and professional 3,637 -
Cafe costs 163,320 135,683
Facility repairs and security 51,607 51,065
Cleaning 8,391 7,643
Professional fees (902) 20,356
Training 8,591 10,050
Provision released on fixed assetexpenditure (333) (370)
Depreciation
Loss on sale of assets		 166,735
11,573		 167,117
-
1,153,380 1,103,909

Page 24

continued...

|

ADRENALINE ALLEY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

7. GRANTS PAYABLE
2025 2024
£ £
Charitable activities 22,925 26,159
8. SUPPORT COSTS
Governance
Management Finance costs Totals
£ £ £ £
Charitable activities 104,037 91,691 20,784 216,512
Support costs, included in the above, are as follows:
Management
2025 2024
Charitable
activities		 Total
activities
£ £
Wages 41,022 36,502
Social security
Pensions
Telephone		 2,875
15,409
7,376		 2,592
13,963
7,478
Motor expenses and travel 7,615 6,800
Stationeryand printing
Software and internet costs		 8,491
7,933		 7,428
8,221
Bad debts 12,917 -
Recruitment Expenses 399 :
104,037 82,984
Finance
2025 2024
Charitable Total
activities activities
£ £
Bankcharges 32,923 28,157
Exchange rate variances
Bank loan interest		 2
58,766		 1
59,414
91,691 87,572

Page 25

continued...

ADRENALINE ALLEY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

8. SUPPORT COSTS - continued Governance costs

==> picture [424 x 244] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2025|2024| |Charitable|Total| |activities|activities| |£|£| |Auditors’|remuneration|6,930|7,620| |Auditors’|remuneration|for|non|audit| |work|13,854|14,306| |20,784|21,926| |NET|INCOME/(EXPENDITURE)| |Net|income/(expenditure)|is|stated|after|charging/(crediting):| |2025|2024| |£|£| |Auditors’|remuneration|6,930|7,620| |Auditors’|remuneration|for|non|audit work|13,854|14,306| |Depreciation|-|owned|assets|166,735|167,114| |Hire|of|plant and|machinery|-|15| |Deficit|on|disposal|of fixed|assets|11,573|-|

----- End of picture text -----

9. NET INCOME/(EXPENDITURE)

  1. TRUSTEES' REMUNERATION AND BENEFITS

There are no Trustees receiving remuneration for their role as a Trustee. One Trustee received remuneration of £21,524 for her role as HR advisor as permitted under Clause 5.10 of the Memorandum of Association.

Trustees’ expenses

One trustee was paid £40 (2024: nil) for reimbursed subsistence expenses in the financial year.

  1. STAFF COSTS

==> picture [420 x 148] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |2025|2024| ||| ||Wages|and|salaries|586,843|526,185| |Social|security|costs|41,074|37,026| |Other|pension|costs|15,409|13,963| |643,326|577,174| |The|average|monthly|number|of employees employees|during|the|year was was|as|follows:| |2025|2024| |Engaged|on|charitable|activities|35|32|

----- End of picture text -----

The average monthly number of employees employees during the year was was as follows:

Page 26

continued...

ADRENALINE ALLEY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

11. STAFF COSTS - continued

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025 2024
£60,001 - £70,000 1 1
£70,001 - £80,000 1 1
—2 ——2
12. .COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
UnrestrictedRestricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,687 125,288 128,975
Charitable activities
Charitable activities 1,085,630 - 1,085,630
Investment income 55,439 - 55,439
Other income 6,860 - 6,860
Total 1,151,616 125,288 1,276,904
EXPENDITURE ON
Charitable activities
Charitable activities 1,188,025 134,525 1,322,550
NET INCOME/(EXPENDITURE) (36,409) (9,237) (45,646)
Transfers between funds 307 (307) -
Net movement in funds (36,102) (9,544) (45,646)
RECONCILIATION OF FUNDS
Total funds brought forward 1,178,790 920,110 2,098,900
TOTALFUNDSCARRIEDFORWARD 1,142,688 910,566 2,053,254

Page 27

continued...

ADRENALINE ALLEY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

|

13. INTANGIBLE FIXED ASSETS

INTANGIBLE FIXED ASSETS
Computer
software
£
COST
At 1 April 2024 140,395
Additions 19,077
At 31 March 2025 159,472
NET BOOK VALUE
At 31 March 2025 159,472
At31March2024 140,395

14. TANGIBLE FIXED ASSETS

14. TANGIBLE FIXED ASSETS
Freehold
property		 Plant and
machinery		 Motor
vehicles		 Totals
£ £ £ £
COST
At 1 April 2024 3,322,107 636,162 - 3,958,269
Additions 88,249 45,026 16,150 149,425
Disposals - (20,759) - (20,759)
At 31 March 2025 3,410,356 660,429 16,150 4,086,935
DEPRECIATION
At 1 April 2024 1,193,450 436,895 - 1,630,345
Charge for year 109,865 54,535 2,335 166,735
Eliminated on disposal - (9,186) - (9,186)
At 31 March 2025 1,303,315 482,244 2,335 1,787 ,894
NET BOOK VALUE
At 31 March 2025 2,107,041 178,185 13,815 2,299,041
At 31 March 2024 2,128,657 199,267 - 2,327,924
15. STOCKS
2025 2024
£ £
Finishedgoods 27,128 16,470

| |

Page 28

continued...

ADRENALINE ALLEY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 28,131 14,862
Bad debt provision (12,912) -
Other debtors 18,446 12,374
Prepayments and accrued income 42,943 26,236
76,608 53,472
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts (see note 19) 44,214 20,195
Trade creditors 79,912 71,787
Social security and othertaxes 10,397 8,978
VAT 47,015 35,551
Other creditors 25,451 3,030
Accruals and deferred income 23,889 76,638
230,878 216,179

Included within accruals and deferred income is £12,007 (2024: £46,083) for deferred income relating to private hire, training, programmes and sponsorship invoiced in advance for post year end.

18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£ £
Bank loans (see note 19) 647,509 671,435
19. LOANS
An analysis ofthe maturity ofloans is given below:
2025 2024
£ £
Amounts falling due within one year on demand:
Bank loans 44,214 20,195
Amounts falling due between two and five years:
Bank loans - 2-5 years 114,973 100,764
Amounts falling due in more than five years:
Repayable by instalments:
Bankloansmore5yrbyinstal 532,536 570,671

Page 29

continued...

ADRENALINE ALLEY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

20. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 2024
£ £
Within one year 1,840 3,160
Between one and five years 4,140 5,980
5,980 9,140
21. SECURED DEBTS
The following secured debts are included within creditors:
2025 2024
£ £
Bankloans 691,723 691,630

The bank borrowings are secured bya first legal charge over the freehold land and buildings and fixed and floating charges over all current and further assets of the charitable company.

22. PROVISIONS FOR LIABILITIES Provisions

2025 2024
£ £
2,996 3,329

Page 30

continued...

ADRENALINE ALLEY

|

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

23. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1/4/24 in funds funds 31/3/25
£ £ gE £
Unrestricted funds
General fund - 208,295 (208,295) -
Skate Park improvements fund 792,688 - 208,295 1,000,983
Contingency fund 350,000 - - 350,000
1,142,688 208,295 - 1,350,983
Restricted funds
Northamptonshire County Council 6,286 (1,650) - 4,636
Wooden Spoon 2,666 (700) - 1,966
Notts. County Council 571 (150) - 421
University of Northampton 724 (190) - 534
High Sheriff 189 (50) - 139
WREN 30,708 (6,123) - 24,585
Lottery funding 15,374 (11,368) - 4,006
Northamptonshire Enterprises Limited 12,602 (3,308) - 9,294
Skatehut
Northamptonshire Community		 30,865 (4,000) - 26,865
Foundation 20,740 (2,696) - 18,044
Ashley Pover - Photographic studio 6,815 (1,022) - 5,793
Power to change 306,441 (19,814) - 286,627
Concrete Plaza 40,503 (4,050) - 36,453
Innovate Northamptonshire 11,737 (838) - 10,899
Major Growth Investment Grant 13,520 (965) - 12,555
BMX project - Places to Ride 282,230 (18,896) - 263,334
Facial Recognition Software 9,602 (2,596) - 7,006
Digital Project 31,385 - - 31,385
NCC - Cecil Pettit Fund 2,498 (1,249) - 1,249
Sport England - Membership System 20,014 - - 20,014
Active in Motion 65,096 (16,781) - 48,315
North Northamptonshire County
Council bus transport fund - 8,458 - 8,458
British Cycling - 5,733 - 5,733
910,566 (82,255) - 828,311
TOTALFUNDS 2,053,254 126,040 - 2,179,294

Page 31

continued...

| ADRENALINE ALLEY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

23. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

==> picture [426 x 399] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|1,444,789|(1,236,494)|208,295| |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|1|(6,124)|(6,123)| |Lottery|funding|-|(11,368)|(11,368)| |Northamptonshire|Enterprises|Limited|-|(3,308)|(3,308)| |Skatehut|-|(4,000)|(4,000)| |Northamptonshire|Community| |Foundation|-|(2,696)|(2,696)| |Ashley|Pover|-|Photographic|studio|-|(1,022)|(1,022)| |Power|to|change|-|(19,814)|(19,814)| |Concrete|Plaza|1|(4,051)|(4,050)| |Innovate|Northamptonshire|-|(838)|(838)| |Major|Growth|Investment|Grant|1|(966)|(965)| |BMX|project|-|Places|to|Ride|-|(18,896)|(18,896)| |Facial|Recognition|Software|-|(2,596)|(2,596)| |Holiday|Activity|and|Food|Programme|42,065|(42,065)|-| |NCC|-|Cecil|Pettit|Fund|-|(1,249)|(1,249)| |Active|in|Motion|-|(16,781)|(16,781)| |North|Northamptonshire|County| |Council|bus|transport|fund|15,000|(6,542)|8,458| |British|Cycling|15,000|(9,267)|5,733| |Champions|Day|2,000|(2,000)|-| |74,068|(156,323)|(82,255)| |TOTAL FUNDS|1,518,857|(1,392,817)|126,040|

----- End of picture text -----

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ADRENALINE ALLEY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

  1. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

==> picture [421 x 456] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Net|Transfers| |movement|between|At| |At|1/4/23|in|funds|funds|31/3/24| |£|£|£|£| |Unrestricted|funds| |General|fund|-|(11,410)|11,410|-| |Skate|Park|improvements|fund|803,790|1|(11,103)|792,688| |Contingency|fund|350,000|-|-|350,000| |John|Chard-Young|Legacy|Fund|25,000|(25,000)|-|-| |1,178,790|(36,409)|307|1,142,688| |Restricted|funds| |Northamptonshire|County|Council|7,936|(1,650)|-|6,286| |Wooden|Spoon|3,366|(700)|-|2,666| |Notts.|County|Council|721|(150)|-|571| |University|of|Northampton|914|(190)|-|724| |High|Sheriff|239|(50)|-|189| |WREN|36,838|(6,130)|-|30,708| |Lottery|funding|16,849|(1,475)|-|15,374| |Northamptonshire|Enterprises|Limited|15,910|(3,308)|-|12,602| |Skatehut|34,865|(4,000)|-|30,865| |Northamptonshire|Community| |Foundation|23,462|(2,722)|-|20,740| |Ashley|Pover|-|Photographic|studio|7,853|(1,038)|-|6,815| |Power|to|change|326,312|(19,871)|-|306,441| |Concrete|Plaza|44,554|(4,051)|-|40,503| |Innovate|Northamptonshire|12,575|(838)|-|11,737| |Major|Growth|Investment|Grant|14,486|(966)|-|13,520| |BMX|project|-|Places|to|Ride|302,333|(20,103)|-|282,230| |Facial|Recognition|Software|13,271|(3,669)|-|9,602| |Digital|Project|31,385|-|-|31,385| |NCC|-|Cecil|Pettit|Fund|3,747|(1,249)|-|2,498| |Sport|England|-|Membership|System|20,014|-|-|20,014| |NNC|-|Well|Northants|Community| |Funding|2,480|(2,480)|-|-| |Active|in|Motion|-|65,096|-|65,096| |Energy|Resilience|Fund|-|307|(307)|-| |920,110|(9,237)|(307)|910,566| |TOTAL FUNDS|2,098,900|(45,646)|-|2,053,254|

----- End of picture text -----

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ADRENALINE ALLEY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

|

|

| |

| !

23. MOVEMENT IN FUNDS- continued

Comparative net movement in funds, included in the above are as follows:

|

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,151,615 (1,163,025) (11,410)
Skate Park improvements fund 1 - 1
John Chard-Young Legacy Fund - (25,000) (25,000)
1,151,616 (1,188,025) (36,409)
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 - (6,130) (6,130)
Lottery funding - (1,475) (1,475)
Northamptonshire Enterprises Limited - (3,308) (3,308)
Skatehut . (4,000) (4,000)
Northamptonshire Community
Foundation
Ashley Pover - Photographic studio		 -
-		 (2,722)
(1,038)		 (2,722)
(1,038)
Power to change - (19,871) (19,871)
Concrete Plaza - (4,051) (4,051)
Innovate Northamptonshire - (838) (838)
Major Growth Investment Grant - (966) (966)
BMX project - Places to Ride - (20,103) (20,103)
Facial Recognition Software - (3,669) (3,669)
Holiday Activity and Food Programme 15,040 (15,040) -
NCC- Cecil Pettit Fund - (1,249) (1,249)
NNC - Well Northants Community
Funding - (2,480) (2,480)
Active in Motion 106,965 (41,869) 65,096
Coronation Event 1,500 (1,500) -
Energy Resilience Fund 1,783 (1,476) 307
125,288 (134,525) (9,237)
TOTALFUNDS 1,276,904 (1,322,550) (45,646)

The following funds relate to capital grants applied to the creation of fixed assets for use in the charity's activities:

~ Northamptonshire Enterprises Limited

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ADRENALINE ALLEY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

23. MOVEMENT IN FUNDS- continued

Other funds:

The Holiday Activity and Food Programme funding was to provide places at school holiday camps for a certain number of children.

The NNC - Well Northants Community Funding was to provide transport and sessions for residents of Kingswood and Hazel Leys.

The NCC - Cecil Pettit Fund was to start a new 2 weekly adaptive skating/riding and wheelchair Motocross (WCMxX) training club for people with disabilities to develop their skills. The Bus Fund was to make ‘Active in Motion’ sessions available to more vulnerable members of the community by providing transport services and compatible equipment. The British Cycling fund was to support with BMX and freestyle events and competitions The Champions Day was for the creation of an annual event celebrating those who have gone above and beyond in their sport.

  1. CAPITAL COMMITMENTS

Contracted but not provided for in the financial statements

RELATED PARTY DISCLOSURES

2025 2024 £ £ 30,692 -

During the year S.T. Holford Plumbing & Heating Ltd, of which Trustee S Holford is a Director, invoiced £15,865 for the provision of plumbing services (2024: £836). As at the year end a balance of £nil was owing to S.T. Holford Plumbing & Heating Services Ltd (2024: £nil).

During the year Positive Places Ltd, of which Trustee N Bolton is a Director, invoiced £22,406 (net of VAT) for the provision of professional services in respect of planning applications (2024: £3,200). As at the year end a balance of £nil (2024: £3,200) was owing to Positive Places Ltd.

During the year trustee J Caine was paid £1,290 (net of VAT) in respect of counselling services provided (2024: £200). As at the year end a balance of £440 was owing to J Caine (2024: £nil).

See note 10 for detail of Trustees’ remuneration and benefits.

!

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ADRENALINE ALLEY

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025

26. ULTIMATE CONTROLLING PARTY

The Trustees consider that there is no ultimate controlling party.

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ADRENALINE ALLEY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
£ £
INCOMEAND ENDOWMENTS
Donations and legacies
Donations 11,611 2,957
Grants 74,065 115,482
Donated services and facilities - 10,536
85,676 128,975
Investment income
Rents received 38,018 50,555
Deposit account interest 5,519 4,884
43,537 55,439
Charitable activities
Gate receipts 848,635 730,324
Facility sales and hire income 68,770 33,799
Cafe income 324,554 258,330
Merchandise sales 33,948 12,143
Sponsorship
Wellness centre income		 39,391
69,411		 29,508
21,526
1,384,709 1,085,630
Other income
Rates & Consultancy recharges 4,935 6,860
Total incoming resources 1,518,857 1,276,904
EXPENDITURE
Charitable activities
Wages 545,821 489,683
Social security 38,199 34,434
Hire of plant and machinery - 15
Rates and water 7,693 13,727
Insurance 35,659 29,895
Light and heat 57,071 86,780
Advertising and promotion 13,059 16,984
Sundries 1,869 4,454
Merchandise costs 17,376 8,598
Events costs 22,771 12,034
Weliness Centre 1,243 15,761
Instructors and professional 3,637 -
Cafe costs 163,320 135,683
Carriedforward 907,718 848,048

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ADRENALINE ALLEY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
£ gE
Charitable activities
Brought forward 907,718 848,048
Facility repairs and security 51,607 51,065
Cleaning 8,391 7,643
Professional fees (902) 20,356
Training 8,591 10,050
Provision released on fixed asset
expenditure (333) (370)
Depreciation offreehold property 109,865 108,897
Depreciation of plant & machinery 54,535 58,220
Depreciation of motorvehicles vehicles 2,335 -
Loss on sale of tangible fixed assets 11,573 -
Grants to institutions 22,925 26,159
1,176,305 1,130,068
Support costs
Management
Wages 41,022 36,502
Social security 2,875 2,592
Pensions
Telephone		 15,409
7,376		 13,963
7,478
Motor expenses and travel 7,615 6,800
Stationery and printing 8,491 7,428
Software and internet costs 7,933 8,221
Bad debts 12,917 -
Recruitment Expenses 399 -
104,037 82,984
Finance
Bank charges 32,923 28,157
Exchange rate variances 2 1
Bank loan interest 58,766 59,414
91,691 87,572
Governance costs
Auditors’ remuneration 6,930 7,620
Auditors’ remuneration for non audit work 13,854 14,306
20,784 21,926
Total resources expended 1,392,817 1,322,550
Netincome/(expenditure) 126,040 (45,646)

This page does not form part of the statutory financial statements

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