REGISTERED COMPANY NUMBER: 06446869 (England and Wales REGISTERED CHARITY NUMBER: 1124164 Report of the Trustees and Financial Statements For The Year Ended 31st December 2024 for Wheeled Sports 4 Hereford Ltd Baker Britt Chartered Accountants 63 High Street Chislehurst Kent BR7 SAF
Wheeled Sports 4 Hereford Ltd Contents of the Financial Statements For The Year Ended 31st December 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 6 to 11 Detailed Statement of Financial Activities 12
Wheeled Sports 4 Hereford Ltd Report of the Trustees For The Year Ended 31st December 2024 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 st December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan 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 object of the Charity is to provide or assist in the provision of recreational facilities in or near Hereford for young people, with the object of improving their conditions of life, in particular to provide for such persons facilities for skateboarding, roller skating, cycling and similar activities. The Charity provides a safe, purpose-built, free, acSsible outdoor facility in Hereford to allow young people to skate unhindered and thus remove the dangers to themselves and pedestrians by locating them a suitable environment. This facility also provides a purposeful leisure activity for young people as a diversion from anti-social behaviour. The provision of the skate park provides a Centre of Excellen for alternative sports in Hereford which specifically meets the needs of the young people practising those sports. The location of the skate park in Hereford ensures that the benefits of the skate park can be enjoyed by the whole population of skateboarders in Herefordshire and surrounding areas. Review of the Year The beginning of 2024 was marked by the final payments for the central govemment-funded skatepark expansion. Otherwise, income and expenditure for WS4H for the first quarter of 2024 remained as normal and largely based on shop sales. Due to a burst water pipe, the shop had to close for refurbishment for a number of months in the winter and early spring of 2025 and income and expenditure was notably reduced as a result. Grant funding from Hereford City Council's Community Fund was received to complete the social seating areas on the southern boundary of the skatepark. In May of 2024, an 'edible skatepark,, that had been displayed at Chelsea Flower Show, including a carved granite ramp and many apple trees and plants, was donated to Hereford Skatepark. This was an in-kind donation and installed with further donations of soil, compost and materials from local businesses. Previous years. grant money from the Beefy Boys fund were used to support this installation. 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 06446869 (England and Wales> Registered Charity number 1124164 Registered office 63 High Street Chislehurst Kent BR7 5BE Page 1
Wheeled Sports 4 Hereford Ltd Report of the Trustees For The Year Ended 31st December 2024 Trustees M Hatter (resigned 41612025) A B Murphy (resigned 41612025) D A B Rouse {resigned 41612025) S R Stephens (resigned 41612025) D J Grice (resigned 41612025) J M Pilkington (resigned 211012024) A J Johnson (resigned 41612025) W R Newby (resigned 41612025) C l Arthur C A Hamilton J Hoar J J Sutton (resigned 41612025) K Lee (resigned 41612025) T D J Mason (appointed 41612025) Independent Examiner Mr P E Britt FCA Baker Britt Chartered Accountants 63 High Street Chislehurst Kent BR7 SAF Approved by order of the board of trustees on 1 Oth September 2025 and signed on its behalf by.. C l Arthur- Trustee Page 2
Independent Examinerfs Report to the Trustees of Wheeled Sports 4 Hereford Ltd Independent examinerfs report to the trustees of Wheeled Sports 4 Hereford Ltd ('the Company.) report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Secb'on 145{5) (b) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe- accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. *- Mr P E Britt FCA The Institute of Chartered Accountsnts in England and Wales Baker Britt Chartered Accountants 63 High Street Chislehurst Kent BR7 SAF 1 Oth September 2025 Page 3
Wheeled Sports 4 Hereford Ltd Statement of Financial Activities For The Year Ended 31st December 2024 2024 Total funds 2023 Total fijnds Unrestricted funds Restricted fund Notes INCOME AND ENDOWMENTS FROM Charitable activities Stronger Towns Park Redevelopment Social Seating Area 25,478 9,000 25,478 9,000 448,024 Other trading activities Investment income 21,141 222 21,141 222 22,500 203 Total 21,363 34,478 55,841 470,727 EXPENDITURE ON Raising funds 17.561 17,561 11,020 Charitable activities General Water fountain Cafe container refurbishment 10.461 12.495 22,956 20,971 11,499 673 Total 28,022 12,495 40,517 44,163 NET INCOMEIIEXPENDITURE) Transfers between funds (6,659) 1,699 21,983 1,699) 15,324 426,564 Net movement in funds {4,960) 20,284 15,324 426,564 RECONCILIATION OF FUNDS Total funds brought forward 4.960 460,493 465,453 38,889 TOTAL FUNDS CARRIED FORWARD 480,777 480,777 465,453 The notes fom part of these financial statements Page 4
Wheeled Sports 4 Hereford Ltd Balance Sheet 31st December 2024 2024 2023 Notes FIXED ASSETS Tangible assets 464,148 451,165 CURRENT ASSETS Stocks Cash at bank 5,000 13,844 5,000 11,065 18,844 16,065 CREDITORS Amounts falling due within one year (2,215) (1,777} NET CURRENT ASSETS 16,629 14,288 TOTAL ASSETS LESS CURRENT LIABILITIES 480,777 465,453 NET ASSETS 480,777 465,453 FUNDS Unrestricted funds Restricted funds 4,960 460,493 480,777 TOTAL FUNDS 480,777 465,453 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 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 otheNise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) 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 1 Oth September 2025 and were signed on its behalf by: C l Arthur- Trustee The notes fom part of these financial statements Page 5
Wheeled Sports 4 Hereford Ltd Notes to the Financial Statements For The Year Ended 31st December 2024 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 Practi 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 direcdy attributed to particular headings they have been allocated to activities on a basis consistent with the use of reSoUrs. 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 Plant and machinery 20/0 on cost 25 % on cost 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. Page 6 continued...
Wheeled Sports 4 Hereford Ltd Notes to the Financial Statements- continued For The Year Ended 31st December 2024 OTHER TRADING ACTIVITIES 2024 2023 Equipment and canteen sales Donations 21,081 60 16,920 5,580 21,141 22,500 INVESTMENT INCOME 2024 2023 Deposit account interest 222 203 NET INCOMEI(EXPENDITURE) Net incomel{expenditure) is stated after chargingl{crediting).' 2024 2023 Depreciation - owned assets 12,495 12,994 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31st December 2024 nor for the year ended 31st December 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31st December 2024 nor for the year ended 31 st December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted fund Total funds INCOME AND ENDOWMENTS FROM Charitable activities Stronger Towns Park Redevelopment 448,024 448,024 Other trading activities Investment income 22,500 203 22,500 203 Total 22,703 448,024 470,727 EXPENDITURE ON Raising funds 11,020 11,020 Charitable activities General Water fountain Cafe container refurbishment 7,977 12,994 11,499 673 20,971 11,499 673 Page 7 continued...
Wheeled Sports 4 Hereford Ltd Notes to the Financial Statements- continued For The Year Ended 31st December 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds fund Total funds Total 18.997 25,166 44,163 NET INCOME Transfers between funds 3.706 3,549) 422,858 3,549 426,564 Net movement in funds 157 426,407 426,564 RECONCILIATION OF FUNDS Total funds brought forward 4,803 34,086 38,889 TOTAL FUNDS CARRIED FORWARD 4,960 460,493 465,453 TANGIBLE FIXED ASSETS Freehold propety Plant and machinery Totals COST At 1st January 2024 Additions 922,372 25,478 3,990 926,362 25,478 At 31st December 2024 947,850 3,990 951,840 DEPRECIATION At 1st January 2024 Charge for year 471,207 12,495 3,990 475,197 12,495 At 31st December 2024 483,702 3,990 487,692 NET BOOK VALUE At 31st December 2024 464,148 464,148 At 31st December 2023 451,165 451,165 STOCKS 2024 2023 Stocks 5,000 5,000 Page 8 continued...
Wheeled Sports 4 Hereford Ltd Notes to the Financial Statements- continued For The Year Ended 31st December 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security and other taxes Other creditors Accruals and deferred income {438) 416 1,799 416 1,799 2,215 1,777 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Total funds Unrestricted funds Restricted fund Fixed assets Current assets Current liabilities (16,629) 18,844 2,215) 480,777 464,148 18,844 2,215) 451,165 16,065 1,777) 480,777 480,777 465,453 11. MOVEMENT IN FUNDS Net movement in funds Transfers beeen funds At 31112124 At 111124 Unrestricted funds Unrestricted 4,960 (6,659) 1,699 Restricted funds Restricted 460,493 21,983 (1,699) 480,777 TOTAL FUNDS 465,453 15,324 480,777 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Unrestricted 21,363 {28,022} (6,659) Restricted funds Restricted 34,478 (12,495) 21,983 TOTAL FUNDS 55,841 40,517) 15,324 Page 9 continued...
Wheeled Sports 4 Hereford Ltd Notes to the Financial Statements- continued For The Year Ended 31st December 2024 11. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds Transfers beeen funds At 31112123 At 111123 Unrestricted funds Unrestricted 4,803 3,706 (3,549) 4,960 Restricted funds Restricted 34,086 422,858 3,549 460,493 TOTAL FUNDS 38,889 426,564 465,453 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds Unrestricted 22,703 (18,997) 3,706 Restricted funds Restricted 448,024 (25,166) 422,858 TOTAL FUNDS 470,727 44,163) 426,564 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers beeen funds At 31112124 At 111123 Unrestricted funds Unrestricted 4,803 {2,953) (1,850) Restricted funds Restricted 34,086 444,841 1,850 480,777 TOTAL FUNDS 38,889 441,888 480,777 Page 10 continued...
Wheeled Sports 4 Hereford Ltd Notes to the Financial Statements- continued For The Year Ended 31st December 2024 11. 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: Incoming resources Resources expended Movement in funds Unrestricted funds Unrestricted 44,066 (47,019) (2,953) Restricted funds Restricted 482,502 (37,661) 444,841 TOTAL FUNDS 526, 568 84,680} 441,888 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 st December 2024. Page11
Wheeled Sports 4 Hereford Ltd Detailed Statement of Financial Activities For The Year Ended 31st December 2024 2024 2023 INCOME AND ENDOWMENTS other trading activities Equipment and canteen sales Donations 21,081 60 16,920 5,580 21,141 22,500 Investment income Deposit account interest 222 203 Charitable activities Grants 34,478 448,024 Total incoming resources 55,841 470,727 EXPENDITURE Other trading activities Opening stock Purchases Closing stock 5,000 17,561 5,000) 5,000 11,020 5,000) 17,561 11,020 Charitable activities Wages Insurance Light and heat Telephone Repairs and maintenance Equipment hire Bank charges Advertising Training Travel Sundry expenses Freehold propety 243 1,679 2,048 481 12,874 1,695 1,940 517 2,140 192 543 160 445 180 207 27 982 12,495 104 12,994 20,691 31,255 Support costs Governance costs Accountancy fees Legal fees 2,065 200 1,888 2,265 1,888 Total resources expended 40,517 44,163 Net income 15,324 426,564 This page does not fom part of the statutory financial statements Page 12