Company r•glstrallon number: 07458529 Charlty reglstratlon numb•r. 1140128 Heme Hill Velodrome Trust (A company limited by guarantee) Annual Report and Financial Statements For the Year Ended 31 December 2022 . 111 *ACD281HK' 291W2023 OMPANIES HOUSE A35 A(Lountabilty Europe Ltd Oinnibus Workspa¢e 39 - 41 North Road London N7 9DP Heme Hill Velodrome Trusl Page ' Roforence and Administrativg Detsms Tru$t•os' Report Irbdepend•nt Examinorfs R¢port Stiitement ol Flnanclal Actlvllles Balan¢• Sh•et Notss to the Flnancial Stat•merts 10-16 Herne Hill Volodrome Trust Referw￿ and Administrative D•talls Charity Nam•: Heme Hill Velodrome Trust Charlty Registratlon Number: 1140128 Company Roglstratlon Number: 07458529 Charvs Prlncipal Ad(kess: 104 Burt)age Road DuNvich SE24 9HE Charws Trustees: Timothy Mclnnes (Chair) . Christopher Cole Paul me￿eY Christine O'connell . PathaK O'shea Simon Pr￿e Max Reuter ' Richard Williams Marco De Benedi¢tis {reswJned ￿ 14 July 2023) &¢)bhan HaNey Iresuned on 14 July 2023) Accountant: Accountabilty Euro￿ Ltd Omnibus Workspace 39- 41 North Road London N7 90P Home Hill Velodrome Trust Tntstees, Report For The Year Ended 31 December 2022 The Tnjstees (who a￿ a150 diredors oflhe charitable company forthe purposes ofths Companies Act) presenttheir annual repjrt togetherwith the finan￿al ststem8rrts year ended 31 December 2022. The Trustees Confirm that the annual ￿p(￿t and ffinancial statements of the ¢hantable company comp th the current statutory requirements. the requirement5 of the company's goveming thjcument and the provisions of the SLqtement of Re¢ommended Practice ISORPI. applicable to charities preparing their accounts in accordance with the Financial Rewt"ng Stsndard applicable in the UK and Republic of I￿land {FRS 102}. Since the company qualif￿$ as small under se(knn 383, the strategic report required of medium and large companies under The Companies Act 2(KJ6 Istrategic Report and Dre¢torfs Report) Regulations 2013 rs not requir&l. Our Aims and ObJ•ctlves Pur oses nd Aim Our charity's purFoses. as set out in the obieds contained in the c￿Pan*S Memorandum and Articles of Association, are to: . provide or assist in the provision of faulities in the interesls of S￿la4 welfare for recreats.on or Other leisure time occupation of individuals who have need of such faciif(ies by reason of their youth. age. infirmty iy disability. financial hardship or so¢k?I cirojmstsnces with the object of improving their condition of lrfe induding tJJt r#)t h'mited to the proviS￿n of faC￿rtIeS at the Heme HIFI Velodro￿￿.. andlor promote partiupatNJn in healthy rerJeatTh inthdiThJ but not Iwnitèd to cyding: andlor . provide or assist in the provision of facilities at (tyjt not exdusNelyl the Herne Hill Velodrome for the use by the public al large WthC￿ distinct￿ of p￿rtiCal. relgious (ff olher opinions including use for meetings,.lecttJres and dasses and other fomis of reueation and leisure time occupation with the object of improwng the conditions of lrfe: andlor educate the public at Lqrge of the history of the Heme Hll Vek)drome. cyding in the 1948 OlyThpics an(Vor the sign1fThn￿ of the OlympK movement and legacy fc* cyding gener*ty.' andlor • advance citizenship arml communty development. ar￿or such other charitat￿e purposes consistent with the above and the Chanties Act 2006 as the Irnstees in their absolute dis¢retion shall determine. The aim of our charity is to eno)wage increased participakn tn the $pM ol cyding the promotion of heathy recreation more generally. and to bring the physical and mental health benefits of these a¢tivities to the widest possitle community of users. This k￿lY rellects the purposes thatthe ¢hanty was sel up to further. bllc Benerrt In Setting ot4eclives aThJ planning activilies. the board of trustees has paid due regard to the wbkshèd guidance from the Ch￿ty Commission on Ihe public benefrt requirement under the Charit￿ Act 2011. This review looks at what we achieved and Ihe outcornes ofourwtyk during 2022. helping us lo ensure Ihat our aims. objectives and aclivities remained f￿Sed on our stated purposes. In particular. the ' Injslees consider trK)W Fdanned activities TMII mntrikxrte to the awn5 and obiedives they have s8t. Heme Hill Velodrome Trnsl Trustees. Report For The Year Ended 31 December 2022 The Year in Revlew Our rlormance in 2022 Hem8 Hill Velodrome aims to be an inclusNe cyding faciltythat makes available a w￿8 range of cycling and cycling related adivities to a broad community of users. induding: Dedicated trainir¥J sess￿￿ and race leagues for fernale and veteran cycltsts.. Programmes to encouragp Child￿n and inexperienced riders into the SFrt of cyding; y￿ activities to Fyomote a strong luture generatw of hvJh-perfom)ing rNlers" and Sessions designed tc> be accessible for disabiéd people and ther families. carers or friends. At Ihe end of the year the Heme Vek)thome empk)yed ewJht member5 of staff on a fvll or part.time basis and over the course of 2022 it also worked wrth a number of part-ts'me coaches. The Velodrome also partners with Ic￿1 cyclir*J dubs and spcKts chanties to tsu"litate promote actNity. Flnanclal R•vi•w Total income for the year amounted to £220.57512021.. 324.6891 and totsl expenditure amounted lo £461.369 (2021.. £443.737). The net movement in funds amounted to a defi¢it of£240.794 {2021.' deficrt of £119.048}. The charit*le company has erM#ed the year with £1.503.134 in reserves (restricted £159.297 and unreslricted £1.343.837). Res•N•s Poll The Trust receives income in the fom of grant funding. Grfl aKI donation from it5 trading subsidiary. . donations from inijividuals arKI organisalKJns arKI from the Friends of.Heme Hill Velodrome. Where donations from indivKluals or organisations are a SFecthed activty ty ¢ost these funds a￿ recorded in restricled funds. Ir￿Orne not subject to these reslrictions is reCC￿ in unrestricted fijnds. The Trust has no designated funds. The trustses have examwied the requirement forfree reserves. i.e. those unrestrt¢ted funds not invested in tangible fixed assets. designated fc￿ Specif￿ wrposes or otherwtse committed. The Truslees aim lo maintsin Un￿stn.¢1ed f￿ ￿$￿$ of at kast 3 months l)ui not more than 6 months operational costs. The reseryes are needed to meet working capital requirements of the charity and the Irustees are confident that at Ihis level they woutd be able to o)ntinue the current activit￿$ of the Charity in the evenl of a signrficant drop in income. The trustees have also consNJered the extent to which existing aclivities and expenditure could be curtailed, or fun(traising incorne inuease. shoukj the circumStan￿S require Herne Hill Velodrome Tft￿t Trustees. Report For The Year Ended 31 December 2022 Inveslment Poll The trustees aim for the charity to generate a surplus each year that will enable it to fund any caF*tal investment as aThJ when this is required in.the future and. in particular. wtyks on the track to ensure ils continued use. In light of improved pthMan￿ and sound financial management in re¢ent years the charrty wesently holds reserves tn eX￿S of the requirement for free reseNes and so a review of investment policies was cnnducted bythe trustees in 2022. Steps have Sin￿ been taken by the truslees to invest the excess funds in a manner consistent ¥thh the new p)Iw. da The Heme Hill Velodrome Trust operates Heme Hll Velothome via a wholty cmned sd)$idiary trading company ￿lch receives income from track rental. rider sessions. cycle raw and sponsorship alongside sales from Jan'5 Café. The Trust abo receives grant incomg and donations and has a Friends organisation. the Friends of Herne Hill Velodrome. whi¢h rnises funds from membership subseripbons. the sale of branded merchandise and fundraising events. The Frierbjs of Herne Hil VglTrJrome play a ryrbcal role in the activit￿ of Heme Hill Veh)drome and ' thgy are a valued ￿ntrI￿rtOr to the TA￿V$ mission. Plans for the luture . The charity plans continuing the adivities (wuined at￿ve in the forthcoming years subj'ect to satisfactory fvndillg arrangements. Plans are also ￿Ing developed to both increase and diversify income generated at Herne Hill Veltsjrome arml to increase the extent of our outreach acl]"vities with schools. youth organisations and groups that are otherwise urKlerrepresented in cyding, wrth a renewed focus on off road cycling. It is hoped this will lead to a strengthening of ow delivery against wr aim as well as improved financial sustainabilty. Structure. Governance and Management . Governln Documenl The organisalion is a charilable company limtted by guarantee. incorForated on 2 December 2010 and registered as a charty on 31 January 2011. The company was established under a Memorandum of Association which established the obje(ts and ￿￿￿r$ ofthe charitable company and is govemed under its Articles of Association. RecNltment and A inlmenl of Trustees Under the requirements ol the Memorandum and Articles ofAssociation tnjstees shall nol be required to retire by roLqt#)n for the fwstlhree years Idlowing apwntment. During Ihe fourth year frAlowing aFwnknent the fcAlowwig provis*)n$ shall apply to all the Trustees.. at each Annual Gewal Meeting. one Ihird of the Trustees shall be requred to retire. but they wll be eligible for reappjintment. Heme Hill Velodrome Trust Trustees. Report For The Year Ended 31 December 2022 those selected for reti￿rnent wll be those who have been in offi¢e the longest. Where Trustees have been in office IC￿ equal pericwJs. those retiring shall be selected by lot retinng Trustees shall be eligitrAe for reappointsnent for aTh)ther temi of ttr￿ee years (always subject . to a maximum term of six years),. Tnjstee must t￿1 stsr#l dcr•m but is eIKJIt￿e for ie-electk)n after the expiration of a twelve-monlh period. Different appointment provisiorts ap￿Y to the appointment of one trustee apprynted by Brib'sh Cycling and Or￿ trustee appointed by the Friends of Hll Velodrome. The Board seeks to ensure that ils needs are aPW¢Jpnately rellected thrO￿h the diversity of the trustee body and il takes active steps to enhance the potential p)ol of trustees, in parti¢ular by drawing new trustees from the user base of Heme Hill V*drome. the wider cycling communty and local residents vthh an inlwest Én the futwe sucttss of the facdty. Stslemenl of Trustees, Responslbllltles. The tnjslees (who are also the directors of the charitsble company for the wrposes of company lawl are responsible for preparing the Truslees, report and Ihe finanual ststements in accordance wf(h applicable law and United Kingdom A[￿￿jntlng Stsndards (United Kingdom Generally Accepted Accounting Pr&tice). Company law requires the trustees to wepare financial statements for each financial year. Under company law the tnjstees must not apwove the finanaal ststements unless they are sa￿'Sfied that they give a true and fair view of the state of affairs of the chantable ￿MpanY and of the incoming resources ano application of resources. including the inccmne and expenditure of the charitable company for that period. In preparin9 these financial slatements, the Irustee5 are required to: select suitable accounting pol￿e5 and then ap￿Y them consistenty. observe the methods and priwples of the Charities SORP: make judgements and estimates that are reasonable and prudent,. prepare the financial statements on thegoing wncem basis Un￿ it is inappropriate to presume that the charitable ¢ompany will continue in operation. The trustees are responsible for keeping adequate accounting records Ihal are sutficient to show and explain the charitable company s tranSaCt￿n$ aThJ disdose with reasonable accuracy at any time the financial position of the chaiitable ojnpany arrtfj enable them to ensure that the financial stalements cornply with the Companies Act 2(KJ6. They are also responsible for safeguardiThJ the assets of the charitable company and hence for taking reasonab￿ steps for the prevention and detection of fraud and other irregularities. The trustees aTr responsible forthe rna1ntenan￿ and integrity ofthe ccffp(Yate and f￿a￿la1 infomialion included on the charity's website. Legislation in the United Kiwm goveming the preparation and dissemination of financial ststements may dillef from legislation in otherjurisdict¢ons. Heme Hill Velodrome Trust Tnffjtegs, Report For The Year Ended 31 Decernber 2022 This report has been prepared in acc(*darKè with the K*ovisions of Pwt 15 of the Companies Act 20C relating lo sm*1 corripanw. The annual rewt was approved by the Board oftru*ees'on 26 September 2023 and signed on its behalf by". TIM Mclnnos Chalr Independent ExamlMVs Rwlrtto tho Trust•os of Herne Hill Velodrome Trnsl ' For Year Ended 31 Do¢omber 2022 I report lo the charity trustees on my examinatK)n of the accwnts of Heme Hill Velodrome Trust for the . year ended 315t December 2022. Respon$ibiliti•s and basis of rnwl As the charty's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan￿ the requirements of Ihe Companies Act 2006 (Ihe 2006 Ac¥}. Having satisfigd myself that the 0￿nts of the Company are not required to be audited under Part 16 of the 2006 Act and are digible IC￿ independent examinab"on. I repryt in respect of my examination of your charity's accounts as carried out under seclion 145 of the Charities Act 2011 (Ihe 2011 Act'l. In Carrying out my examination I have lolb*Ed Dwectiorts given by the Charty Commissicm under section 145151 (bl of the 2011 Act. Indepéndent examlnerfs statement l.have completed my examination. l eonfimi that rK) matttrs have ¢¢Jne to my attention in connection with the exarnination gr¥ir¥J me cause to believe: accounting re¢tyts wwe not kept in resF*rtofthe Company as fequyed by section 386 of the 2006 £1: or 2. ' the accounts do not xcord with those reC(￿d5. 3. the accounts do not comFly with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts grve a 'true and fair view is not a matter considered as part of an independent examinati￿). c 4. tre accounts have r￿1 been prepared in acccrfilance the methods and prinC￿leS of the Statement of Recommended Practice for ai)xMJntir¥J ar¥J reportin9 by charities applKable lo charities preparing their accounts in acc(xdance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)- I have no concerns and have corne a￿05$ rnotrier matter5 in c4)nne¢tion with the examination to which attention should be ¢*awn in this report in order to enable a understanding ofthe accounts tr) be Aamer Shehzad FCA Acciyjntability Europe Ltii Omnibus Workspace, 3￿1 North Road London, N7 9DP Date: 27 September 2023 H•m• Hlll V•lodrom• T￿￿t SLitsmont of f￿an¢￿Il actlvlil•s linc(YF￿tsng an irKome exFwditure accwnti . For the r •nded 31 De¢¢mlw 2022 2021 TotsS Tot•1 Unreslrthd Restrthd Not• om? from: Donations and grants Charitable activrt*s 139.987 139.987 0.588 292,686 32,Cl)3 292.686 32,003 T¢)t•l In¢om• 220,575 220.575 44.689 324.689 ' Expondttu￿ <)n: Raising funds Charitable activilies" ioss 459.314 7.947 378,865 7.947 435.790 392.BC6 66.708 $6,925 Totsl •xp•nd6tw• 394.661 66.708 461.369 386.812 56,925 443.737 N*t ineml (èxwiditur•l for th• y•ar (174.086) {66.708) P40.PJ4) 162,123) {56.925) 1119,048) 15 1174.1)86) (fj6.7￿) (240.794) 162.1TJ) (56,925) 1119.048) R•¢onellSatlon of lunds". Totsl funds brou9ht forward 1,517.923 226.(M)5 1.743.928 1.580,046 282,930 1.882.976 Total funds carrled fo￿ard 1.343.837 159297 1,503.134 1,517.923 226.005 1,743.928 All of the above results are derived frorn Cmbnuing actp11t￿. Th•re no otheF recc￿l$ed gairts ￿ 10&8es other than Ihose ststed above. Movern?nts in fund5 arti disdostd In Notes to the financial slatwnents. The aitached notes fonn part of IP*se financial statements. Heme Hill V•lodrom• Trugt Balanc• $h¢ét Company no. 07458529 As at 31 D•c•mber 2022 2022 2021 2021 Flxod a$sets: Tangible assets Investrnenl in subsidkqry ￿lierta￿9 992.225 1,237.027 1.237.028 CuThent asgets: Stock Débtors C8$h at bank ¥nd ii hand 11 12 11.500 210A02 503.687 11,$00 14.895 484.195 510,590 Llabllltl•s: Cre(1itors". amounts falry due *iltdn year 13 1214.6811 13.6901 N•1 cwr•nt aswts l {liabilit*s) S10,￿8 S[￿.900 Totsl n•t ass•ts I l!labllltl•s) 1.503,134 1,743,928 Th• funds of th• eh•rltr. Restrided ine(the fvjnds Unrestricted in¢ryne fvnd$'. General fvnds 159,297 226,005 1.343,837 1,517.923 Total charlty funds 1.$03,134 ' 1,743.928 The ¢h8ritsble eompany Is entrfJ>J to eXernp￿ aL*Jit ￿￿eT Sedicm 477 of Ihe C¢ynpani#s A¢t 2W6 lorthe year eThJed 31 Oecember 2022. The members have not requi￿ the tharitst4e rampahy to abtsin an of rts financial slatements for the ended 31 December 2022 in accl• a¢llviti•s ind￿1&$ Ihe costs of chaiilable xtivitses thal are und?rtaken lo furlher the purFoses of the charity and their as5C¢1at￿ support costs. Support costs indude Ihe costs of overall direct#M and administration. ¢omprtsing salary and overhead Jsls of Ihe c*ntral fvrLthon. and been appor1￿ed on Ihe bast5 C4Jnsistenl wrfh use of resou￿¢￿. H•m• Hlll V•l¢xlrome Tru*t Notès to th• flnanclal slalem•nts Forthe •r •ndèd 31 D•e•mb•r 21)22 1 Accountlng pthl•s (Continued) Tanglblg fixod as5•ts Fixed assets are Inolially recorded al cost. less acuJmulale¢l depre(¥at*)n and any subsequent &¢umulated impaimient losses. De￿cla￿On is pyowded to wrtte dMI Ihe cost ol each assel lo its eslimatsd residual valuè over its expe¢t¢d us8ful1rf8 at th¢ rates.. Leasehold and 0￿1 interests in land and i￿lkIng$ Al other assets c￿er the leryth oftr* le8SO Over fve years Stock. stLxk aN1 work4n-proJress are ¥al￿d at the of cost and estThated sellirrfj less costs to complete and sdl. aftert1ue ward fcw (tsol* aKI SI￿ rn￿r¥J St(￿kS. Cost is deternyned using the firsl-in. fiTrt-OUt Debto Deblors are reCOgn￿ed at Ihe settkment amount due after wy trade ijscount offered. Prepaymonts a valued at Ihe amount prepai(J net ol anytra¢Je discounts due. Cash at bank •nd kn hand Cash at bank aThJ in hand all bank balances kept in current acc4)unts and call dèposits. Cr•dltors and provlslons Credrtry5 and Pfovisions are re(tfjnisod thè L*aiity has a prtsent rtjluation resulting from a past evenl that will probably r¢surt in tha transfer of funds to a third party and the amount due to setlle the oNigats"on can be measured or e5ts'rnated reliably. Cre(litors 8rKI prov*•￿5 are nomially recognised at their settlement amount after allowirg for any trade discounts due. The charity only has financh?l assets aThJ firwioal liabiliEies ot a knnd lh* qualify as ba$ic financial irtstruments which are iniljally recognised at transaclion value and Subseq￿1￿ Measu￿ at setuernent valuE. 2 Incom• from donatlons and grants 2022 T(*tal 2021 Totsl Donations Grants 132.112 7.875 132,112 7,975 251,758 40,928 139.987 139.987 292,686 3 ID¢omo'from ¢h•ritsblg a¢tl¥ltt•s 2022 Total 2021 Total . Subscriptic￿s Race income MBr¢handi$e saks Rentsl inwrne 9,038 10.224 11,326 50,0 9,038 10,224 11,326 50,000 1,186 25,174 80,$88 80,$88 32.003 Herne Hill V•lodrome Trust N¢)tes to th• fin•nclal stat•m•nts For th• ear•nded 31 D•e•mbtr 2022 4 An4tysl$ ot 0x￿ndItur•- current year Cost i8iThJ Charilable funds actNiknes SupFQrt 2022 ' Total 2021 Tolal Diroct costs of charitaNe acbwbes Rent and offi¢e runniThJ cL￿S Insurance Advertising & ma￿ebn9 Website and IT cosls Legal and professional Aeeountancy fees Ind¢pendent examinat*)n lee Bank tharges DepreGi?b"on 87.39) 87,39Q 96,56S 7,030 2.055 624 3.301 2.100 550 465 261.289 70,518 80,807 9.012 7.947 264 6266 2'.145 .500 1.116 265.162 96,565 7.030 2.055 624 3,301 2,1 465 261.289 2.055 87.ml 371.924 461.369 443,737 Suppyt costs 371.924 {371,9241. Total w•ndliur• 2022 2.055 459.314 461.369 443.737 Of the total exrendrtu￿.. £394.661 was unrnstrthj 12021". £386.8121 and £66.708 was r•sln"cteb12021'. £56,925 ¥Ana￿l$ ol •xp•ndilurn. prlor y raisirwJ Charitable fvnd5 ￿tM￿e$ Suppmyl Total rect c•)sts of Charitab￿ acbvibes Rènt and offico running crAts Insurance Ad￿rtising & Markeb"rrfJ Websitè and IT costs Legal and proles5ional . P£cryJnfancy f￿5 Independenl examinal¥)n fee Bank charges DeWeC￿tsOn 70.518 70.518 80,807 9,012 7,917 264 6.266 2,045 80.807 9,012 7.947 2.04S 1.116 265.162 1,116 265.162 7.947 70.518 365.272 443,737 Support Costs 365272 1365,2721 Totsl ex￿rKI11Uro 2021 7.947 435.7 443,737 H•rn• Hal V•lodrome Tvu¥t Not•s to the financial stat•m•nls Fortr •ar •nded 31 i)￿fflber 2022 N¢t in¢om• for th• year This is stated after ¢hargin9.' 2022 2021 DepreaatK)n knjependent eXam1r￿1￿ fee lexd￿li￿9 VAT) 261.289 550 285.197 Analy¥l$ ol costs, trustee remunwatlon ews•s. The tol* cost of key managwnent Fef50nnel in(*MJin9 p¢nsth and empkJyEr NIC were £nil12021.. £nil). The chanty trustees were not paid and dbJ not any benefits 1￿M emF4oyment v4lh the tharity in the ￿ar 12021.. £nill. No tharity tnstee received paJTnent for wofessional or other servus supplKed to the charity 12022.. £nill. Relaied ￿rtYtraN￿ct1Ofi$ There are no donat*)ns frThn rdated pathes *thi¢h afe outs#le the r#Thal 0)u￿e of twsingss and no restrthd donations frcm related parties. There are rK) payments to and from members and tnJste8s ￿lCh are part of the nomal course of busir*ss. There a￿ Th) related party tranSactiC￿S to ¢Jisdose for 202212021.. none). At 31 De¢ember 2022 an amount of £199.71312021.. È12.713) was due from Herre Hill VelodrcYneTradir@ Ltd. th8 Subsidiary ofthe Charity. T•xatlon and logal slalus of th• ch¥rlty ,The tharitat4e cc¥mpany Is exempl frorn cOrporats￿ tsx as all ils inc(¥ne 15 charilable and 1$ for charitablè purFX)ses. The charity is a ￿MpanY limiied by guarantee has no sharè ca￿ts1. The IHbility of. e￿h member in thè evenl ofwindin9 up is ￿1rted to £1. Tangknl• Ilx•d as5•ts Leasehold land and buildings Fwniture and equiwnènt Motor Vehides Total Cost At the stsrt of th¢ ￿ar Addibons ￿ )wr At the end of the year 2.365,270 71.LTh)3 16.487 2,439.073 16,487 2.￿.270 87.4 2,455,$60 Oepr•cbotk*n At the slart of the year Charge forthe year , ￿ the eN1 of the year Nèt book At th• •nd ofth• y••r Al the skwl olthe year 1.145.603 248.186 1,201047 261,289 13.103 1,393.789 66,747 2.800 1,463.336 971.481 20,744 992.225 1.219.667 17.359 1,237.026 AJI of the 81)ovtr assets we ltyclAi1la￿e purposes. H•rn• Hlll Vdodrom• Trust 14oteg to th• flna￿la1 st#tefflents Forth• r •nd•d 31 D•c•mb•r 2022 10 Irb¥•Stment in 8ubsidlary undwtaklny 2021 1(Y)% She￿ ¢o￿ty1 ol Heme Hill Vdodr1ffi7eTradiro Ltd 100 ordinary shares of 1p Balance at stsrt of the perroj 8alanu * end of th• p•rlod Htrme H￿1 Velodrom•Tradiro Ltd was inccypxaled on 30 Wmber 2015. Cornpany wstration number 09895276 IEnglant1 and Wales). The entity is by Hwne Hill Vel¢(Irom•Trust who owns 100% of Shares in Her￿ Hill vek￿r￿￿eTr•Jing Ltd. 31 31 Dècèmbtr 2021 2022 , Pr(*fit and Loss twrh)v•r 541.969 527,428 Costof Sales {IS1.IM81 {354.5141 36.437 {85.025) 1300,9541 141.449 Inistrath￿ 9X￿n$¢5 (LrAs) I pr￿t beloro Grfl A Grfl Aid k) p*ent charoty 1410001 15.5631 114S,0001 13,SS1) {Loss) I Profft before tsx Tax on Ik)ss) I profft (Loss) I profft lor the wiod 3.551 8•lanc• she•t T￿gible assels D8btors 4fj12 28.736 9.447 38.626 Cash at b￿k 206,925 1237.1431 17,091 Credlors 155,720) Nel as5etsl Iliabilitsgs) 4.131 9.444 Calle