REGISTERED COMPANY NUMBER: 06298910 (England and Wales) REGISTERED CHARITY NUMBER: 1120800
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
FOR
ROCHESTER INDOOR SKATEPARK CLUB
The Accountancy Practice Ltd 10 Churchill Square Kings Hill West Malling Kent ME19 5YU
ROCHESTER INDOOR SKATEPARK CLUB
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
ROCHESTER INDOOR SKATEPARK CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023
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 July 2023. 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06298910 (England and Wales)
Registered Charity number
1120800
Registered office
Suite 21 10 Churchill Square Kings Hill West Malling Kent ME19 4YU
Trustees
Ms L Arnold J Sims Mr R Hampton
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Ms L Arnold - Trustee
Page 1
ROCHESTER INDOOR SKATEPARK CLUB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 87,634 EXPENDITURE ON Raising funds 2 110,614 NET INCOME/(EXPENDITURE) (22,980) Transfers between funds 9 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD (14,500) (37,480) 51,104 13,624 |
fund £ - - - 14,500 14,500 20,650 35,150 Sinking |
31.7.23 Total funds £ 87,634 110,614 (22,980) - (22,980) 71,754 48,774 |
31.7.22 Total funds £ 119,095 |
|---|---|---|---|
| 105,768 | |||
| 13,327 - |
|||
| 58,427 - |
|||
| 51,104 |
The notes form part of these financial statements
Page 2
ROCHESTER INDOOR SKATEPARK CLUB
BALANCE SHEET
31 JULY 2023
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 15,354 CURRENT ASSETS Cash at bank 34,100 CREDITORS Amounts falling due within one year 8 (680) NET CURRENT ASSETS 33,420 TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS 48,774 48,774 |
31.7.23 31.7.22 Total Total fund funds funds £ £ £ - 15,354 18,591 - 34,100 53,843 - (680) (680) - 33,420 53,163 48,774 71,754 48,774 71,754 Sinking 51,104 13,624 35,150 48,774 20,650 - - 71,754 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. L Arnold - Trustee
The notes form part of these financial statements
Page 3
ROCHESTER INDOOR SKATEPARK CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023
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 applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.
continued...
Page 4
ROCHESTER INDOOR SKATEPARK CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023
2. RAISING FUNDS
Investment management costs
| Investment management costs | ||
|---|---|---|
| 31.7.23 | 31.7.22 | |
| £ | £ | |
| Support costs | - | 5,292 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 31.7.23 | 31.7.22 | |
| £ | £ | |
| Depreciation - owned assets | 4,888 | 6,216 |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| General No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 119,095 EXPENDITURE ON Raising funds 105,768 NET INCOME 13,327 Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward 58,427 (20,650) (7,323) |
31.7.23 fund £ - - - - Sinking 20,650 20,650 1 |
31.7.22 1 Total funds £ 119,095 |
|---|---|---|
| 105,768 | ||
| 13,327 - |
||
| 58,427 13,327 |
Page 5
continued...
ROCHESTER INDOOR SKATEPARK CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | fund | funds | ||||
| £ | £ | £ | ||||
| TOTAL FUNDS CARRIED FORWARD | 51,104 | 20,650 | 71,754 | |||
| 7. | TANGIBLE FIXED ASSETS | |||||
| Fixtures | ||||||
| Plant and | and | Computer | ||||
| machinery | fittings | equipment | Totals | |||
| £ | £ | £ | £ | |||
| COST | ||||||
| At 1 August 2022 | 26,075 | 72,660 | 1,205 | 99,940 | ||
| Additions | 1,651 | - | - | 1,651 | ||
| At 31 July 2023 | 27,726 | 72,660 | 1,205 | 101,591 | ||
| DEPRECIATION | ||||||
| At 1 August 2022 | 22,531 | 57,616 | 1,202 | 81,349 | ||
| Charge for year | 1,128 | 3,760 | - | 4,888 | ||
| At 31 July 2023 | 23,659 | 61,376 | 1,202 | 86,237 | ||
| NET BOOK VALUE | ||||||
| At 31 July 2023 | 4,067 | 11,284 | 3 | 15,354 | ||
| At 31 July 2022 | 3,544 | 15,044 | 3 | 18,591 | ||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31.7.23 | 31.7.22 | |||||
| £ | £ | |||||
| Accrued expenses | 680 | 680 | ||||
| 9. | MOVEMENT IN FUNDS | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.8.22 | in funds | funds | 31.7.23 | |||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General fund | 51,104 | (22,980) | (14,500) | 13,624 | ||
| Restricted funds | ||||||
| Sinking Fund | 20,650 | - | 14,500 | 35,150 | ||
| TOTAL FUNDS | 71,754 | (22,980) | - | 48,774 |
Page 6
continued...
ROCHESTER INDOOR SKATEPARK CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds At 1.8.21 £ Unrestricted funds General fund 58,427 Restricted funds Sinking Fund - TOTAL FUNDS 58,427 |
Incoming resources £ 87,634 87,634 Net movement in funds £ 13,327 - 13,327 |
Resources Movement expended in funds £ £ (110,614) (22,980) (110,614) (22,980) Transfers between At funds 31.7.22 £ £ (20,650) 20,650 - 51,104 20,650 71,754 |
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 119,095 TOTAL FUNDS 119,095 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.8.21 in funds £ £ Unrestricted funds General fund 58,427 (9,653) Restricted funds Sinking Fund - - TOTAL FUNDS 58,427 (9,653) |
Resources Movement expended in funds £ £ (105,768) 13,327 (105,768) 13,327 Transfers between At funds 31.7.23 £ £ 13,624 (35,150) 35,150 - 35,150 48,774 |
|---|---|
continued...
Page 7
ROCHESTER INDOOR SKATEPARK CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 206,729 206,729 |
Resources Movement expended in funds £ £ (216,382) (9,653) (216,382) (9,653) |
|---|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2023.
Page 8
ROCHESTER INDOOR SKATEPARK CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023
| 31.7.23 | 31.7.22 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 2,893 | 1,552 |
| Grants | 3,015 | 32,700 |
| Admissions | 81,726 | 84,843 |
| 87,634 | 119,095 | |
| Total incoming resources | 87,634 | 119,095 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Wages | 29,815 | 25,075 |
| Rent and Rates | 43,000 | 43,000 |
| Property maintenance & repairs | 7,406 | 4,875 |
| 80,221 | 72,950 | |
| Other trading activities | ||
| Cafe purchases | 11,255 | 11,468 |
| Stock | 8,979 | 9,842 |
| 20,234 | 21,310 | |
| Support costs | ||
| Management | ||
| Telephone | 740 | 747 |
| Postage and stationery | 469 | 362 |
| Advertising | - | 460 |
| Sundries | 399 | 144 |
| Travelling | 102 | 140 |
| Licences and insurance | 2,103 | 1,800 |
| Accountancy | 440 | 474 |
| Charitable work | 611 | 160 |
| 4,864 | 4,287 | |
| Finance | ||
| Bank charges | 407 | 1,005 |
| Plant and machinery | 1,128 | 1,182 |
| Fixtures and fittings | 3,760 | 5,014 |
| Computer equipment | - | 20 |
| 5,295 | 7,221 | |
| Total resources expended | 110,614 | 105,768 |
| Net (expenditure)/income | (22,980) | 13,327 |
This page does not form part of the statutory financial statements
Page 9