Company registration number: 07458529
Charity registration number.. 1140128
rne Hill V lodrome Tru
(A company limited by guarantee)
Annual Report and Flnanclal Statements
For the Year Ended 31 December 2024
Iilliiiiii;
*AEARL411M*
1010912025
COMPANIES HOUSE
A10
#120 1
Accountability Europe Ltd
Ornnibus Workspace
39- 41 North Road
London N7 9DP

Herne Hilp Velodrome Trust
Contents
Page
Reference and Administratsve Details
Trustees, Report
Independent Examlnerfs Report
Statement of Financial Activitles
Balance Sheet
Notes to the Financial Statements
10-16

Herne Hill Velodrome Trust
Reference and Administratgve Details
Charity Name:
Herne Hill Velodrome Trust
Charity Registration Number:
1140128
Company Registration Number:
07458529
Charity's Principal Address:
104 Burbage Road
Dulwich
SE24 9HE
Charlty's Trustses:
Timothy Mclnnes {ChaSr>
Christopher Cole (resigned 8 September 2024)
Paul Merrey (resigned 8 September 2024)
Christine O'connell
Padraic O'shea
Simon Price (resigned 8 September 2024)
Max Reuter (resigned 8 September 2024)
Richard Williams
Katie Thomley(appointed 28 September 2024>
Lois Barmby (appointed 28 September 2024)
Alex Base (appointed 28 September 2024)
Accountant:
Accountability Europe Ltd
Omnibus Workspace
39 - 41 North Road
London N7 9DP

Herne HAII Vel dr
e Trust
Trustees, Report
For The Year Ended 31 December 2024
The Trustees (who are also directors of the charitable company for the purposes of the Companies Act)
present their annual report together with the financial statements for the year ended 31 December 2024.
The Trustees confim that the annual report and financial statements of the charitable company comply
with the current statutory requirements, the requirements of the company's goveming document and
the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102). Since the company qualifies as small under section 383, the strategic report
quired of medium and large companies under The Companies Act 2006 (Strategic Report and
Director's Report) Regulations 2013 is not required.
Our Aims and Objectives
ur
oses and Alm
Our charity's purposes, as set out in the objects contained in the company's Memorandum and Articles
of Association, are to:
provide or assist in the provision of facilities in the interests of social welfare for recreation or other
leisure time occupalion of individuals who have need of such facilities by reason of their youth, age,
infirmity or disability, financial hardship or social circumstances with the object of improving their
condition of life including but not limited to the provision of facilities at the Heme Hill Velodrome,.
8ndlor
promote participation in healthy recreation including but not limited to cycling; andlor
provide or assist in the provision of facilities at (but not exclusively) the Heme Hill Velodrome for the
use by the public at large without distinction of political, religious or other opinions including use for
meetings, lectures and classes and other forms of recreation and leisure time occupation with the
object of improving the conditions of life. andlor educate the public at large of the history of the Herne
Hill Velodrome, cycling in the 1948 Olympics andlor the significance of the Olympic movement and
legacy for cycling generally; andlor
• advance citizenship and community development; andlor
such other charitable purposes consistent with the above and the Charities Act 20CE as the trustees
in their absolute discretion shall determine.
The aim of our charity is to encourage increased participation in the sport of cycling and the promotion
of healthy recreation more generally, and to bring the physical and mental heallh benefits of these
activities to the widest possible community of users. This fully reflects the purposes that the charity was
set up to further.
Public Benefit
In setting objectives and planning activities, the board of trustees has paid due regard to the published
guidance from the Charity Commission on the public benefit requirement under the Charities Act 2011.

Heme Hill Vel
me Trust
Trustees, Report
For The Year Ended 31 December 2024
This review looks at what we achieved and the outcomes of our work during 2024, helping us to ensure
that our aims, objectives and activities remained focused on our stated purposes. In particular, the
trustees consider how planned activities will contribute to the aims and objectives they have set.
The Year on Review
ur
erforniance in 2024
Herne Hill Velodrome aims to be an inclusive cycling facility that makes available a wide range of cycling
and cycling related activities to a broad community of users, including..
Dedicated training sessions and rac6 leagues for female and veteran cyclists;
Programmes to encourage children and inexperienc8d riders into the sport of cycling;
Youth activities to promote a strong future generation of high-performing riders; and
Sessions designed to be accessible for disabled p8opl8 and their families. carers or friends.
At the end of the year the Heme Hill Velodrome employed eleven members of stsff on a full or part-
time basis and over the course of 2024 it also worked with a number of part-time coaches. The
Velodrome also partners vAth local cycling clubs and sports charities to facilitate and promote activity.
Financial Review
Total income for the year amounted to £251,023 (2023: £264,604) and total expenditure amounted to
£433,568 (2023: £385,378). The net movement in funds amounted to a deficit of £182,545 (2023.. deficit
of £120,774). The charitable company has ended the year with £1,199,815 in reserves (restricted
£45,847 and unrestricted £1,153,968).
Reserves Polic
The Trust receives income in the fonn of grant funding, Gift aid donations from its trading subsidiary,
donations from individuals and organisations and from the Friends of Heme Hill Velodrome. Vlthere
donations from individuals or organisations are for a specrfied activity or cost these funds are recorded
in restricted funds. Income not subject to these restrictions is recorded in unrestricted funds. The Trust
has no designated funds.
The trustees have examined the requirement for free reserves, i.e. those unrestricted funds not invested
in tangible fixed assets, designated for specific purposes or otherwise committed. The Trustees aim to
maintain unrestricted free reserves of at least 3 months but not more than 6 months operational costs.
The reserves are needed to meet the working capital requirements of the charity and the trustees are
confident that at this level they would be able to continue the currenl activities of the charity in the event
of a significant drop in income. The trustees have also considered the extent to which existing activities
and expenditure could be curtailed, or fundraising income increase, should the circumstances require

Herne Hill Velodrome Trust
Trustees, Report
For The Year Ended 31 December 2024
Investment Pol"
The trustees aim for the charity to generate a surplus each year that will enable it to fund any capital
investment as and when this is required in the future and, in particular, works on the track to ensure its
continued use. In light of improved performance and sound financial management in recent years the
charity presently holds reserves in excess of the requirement for free reserves and so a review was
conducted by the trustees in 2022. Steps have since been taken by the trustees to invest the charity's
excess funds.
erations
The Herne Hill Velodrome Trust operates Heme Hill Velodrome via a wholly owned subsidiary trading
company which receives income trom track rentsl, rider sessions, cycle races and sponsorship
alongside sales from Jan's Café. The Trust also receives grant income and donations and has a Friends
organisation, the Friends of Herne Hill Velodrome, which raises funds from membership subscriplions,
the sale of branded merchandise and fundraising events.
The Friends of Herne Hill Velodroma play a critical role in the activities of Heme Hill Velodrome and
they are a valued contributor to the Trust's mission.
The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory
funding arrangements. Plans are also being developed to both increase and diversify income generated
at Herne Hill Velodrome and to increase the extent of our outreach activities with schools, youth
organisations and groups that are othenAiise underrepresented in cycling, with a renewed focus on off
road cycling. It is hoped this will lead to a strengthening of our delivery against our aim as well as
improved financial sustainability.

Herne Hill Velodrome Trust
Trustees. Report
For The Yeatr Ended 31 December 2024
Structure, Govemance and Management
Govemin
Document
The organisation is a charitable company limited by guarantee, incorporated on 2 December 2010 and
registered as a charity on 31 January 2011. The company was established under a Memorandum of
Association which established the obj.ects and powers of the charitable company and is govemed under
its Articles of Association.
oin
st
Under the requirements of the Mernorandum and Articles of Association trustees shall.not be required
to retire by rotation for the first three years following appointment.
During the fourth year following appointment the following provisions shall apply to all the Trustees:
at each Annual General Meeting, one third of the Trustees shall be required to retire, but they will be
eligible for reappointment.
those selected for retirement will be those who have been in office the longest. Vvhere Trustees have
been in office for equal periods, those retiring shall be selected by lot;
retiring Trustées shall be eligible for reappointment for another term of th￿e years (always subject
to a maximum term of six years);
• a Trustee must then stand down but is eligible for re•election after the expiration of a twelve-month
period.
Different appointment provisions apply to the appointment of one trustee appointed by British Cycling
and one trustee appointed by the Friends of Herne Hill Velodrome.
The Board seeks to ensure that its needs are appropriately reflected through the diversity of the trustee
body and it takes active steps to enhance the potential pool of trustees, in particular by drawing new
trustees from the user base of Heme Hill Velodrome, the wider cycling community and local residents
with an interest in the future success of the facility.

Heme Hill Velodrome Trust
Trustses,
For The Year Ended 31 December 2024
Statement of Trustees, Responsibilities
The trustees (who are also the directors of the charitable company for the purposes of company law)
are responsible for preparing th8 Trustees, report 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 ststements for each financial year. Under
company law the trustees must not approve the financial statements unless they are satisfied that they
give 8 true and fair view of the state of affairs of the charitable company and of the incoming resources
and applicats'on of resources. including the income and expenditure of the charitable company for that
period. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial ststements on the going concern basis unless it is inappropriate to presume
that the charitabl8 company will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charitable company's transactions and disclose with reasonable accuracy at any time the
financial position of the charitable company and 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 reasonabl8 steps for the prevention and detection of fraud
and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information
included on the charity's website. Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006
relating to small companies.
The annual report was approved by the Board of trustees on
and signed on its behalf by:
Tim Mclnnes
Chalr

Independent Examiner's Report to the Trustees of
Herne
ill Velodrome Trust
For The Year Ended 31 December 2024
I report to the charity trustees on my examination of the accounts of Herne Hill Velodrome Trust for the
year ended 31" December 2024.
Responsibillties 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 accordan￿ 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, l ￿pOrt 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
section 145(5) (b) of the 2011 Act.
Independent examinerfs statement
Since the Company's gross income exceeded £250,000, I confirm that l am qualified to undertake the
examination because l am a member of the ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection
with thé éxamination 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
2. the accounts do not accord with those records; or
3. 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
4. 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 Reports'ng 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.
Aamer Shehzad FCA
Accountability Europe Ltd
Omnibus Workspace, 39-41 North Road
London, N7 9DP
Date:

Heme Hill Velodrome Trnst
Statement of financial activilies (Incorporating an income and expenditure gccount)
For thè
ar ended 31 December 2024
2024
Total Unrestricted Restricted
2023
Total
Unrestricted Restricted
Note
Income from:
Donations and grants
Charitable activities
Investments
140,680
102.145
8,198
140,680
102,145
8,198
185,953
78,651
185,953
78,651
Total income
251,023
251,023
264,604
264.604
Expenditure on:
Raising funds
Charitable adivitles
13,904
384,64S
13,904
419,664
7,736
299,211
7,736
377.642
35,019
78,431
Total expendI￿re
398,549
35,019
433,568
306,947
78.431
385.378
Net incomel lexpendBture)
for the year
(147,526)
(35,019) (182,545
(42.343) (78,431) {120,774)
Net movement In funds
15
(147,528)
(35,019) 1182,545>
(42,343) (78.431) (120,774)
Reconclliatlon of funds..
Total funds brought forNard
1,301,494
80,866 1,382,360
1,343,837
159,297
1,503,134
Total funds carried forward
1,153,968
45,847 1,199,815
1.301,494
80,866
1,382,360
All of the above results are derived from contlnulng actfvttle8. There were no other recognised galns or losses other
than those stated above. Movements In funds are dlsclosed In Notes to the financl81 statements.
The attached notes form part of these financial slatements.

Heme Hill Velodrome Trust
Balance sheet
Company no. 07458529
s at 31 Decem
er 2024
2024
2024
2023
2023
Note
Fixed assets:
Tangible assets
Investment in subsidiary undertaking
509,933
760,786
10
509,934
760,787
Currnnt assets:
Stock
Debtors
Cash at bank and in hand
11
12
30,060
87,698
633.609
24,314
736,800
761,114
751,367
Liabilities:
Creditors: amounts falling due w+thin one year
13
171,232)
(129,794)
Nè2 current assets l (liabilitiesl
689.881
621.573
Totsl net assets l (Ilabllitl051
1,199,815
1,382,360
The funds of the charity:
Restricted income funds
Unrestricted income funds:
General funds
15
45,847
80,868
1,153.968
1,301,494
Tolal charlty funds
1.199,815
1,382,360
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the
year ended 31 December 2024.
The members have not required the charrtable company to obtain an audlt of its financial statements for the year
ended 31 December 2024 in accordance with Section 476 of the Companies Act 2008.
The directors acknowledge their responsibilities for complying with the requirements of the Companles Act 2008
with respect to accounting records and preparation of accounts.
The financial statements have been prepared in accordance with the special provisions applicable to companies
subject to the small companies regime.
Approved by the Board of trustees on
and signed on Iheir behalf by..
TIM Mclnnes
Chair

Herne Hill Velodrome Trust
Notes to the financial statements
For the
ear ended 31 Dec@mber 2024
1 Accounting policies
Charity Onforniation
Herne Hill Velodrome Trust is a company limited by guarantee and a registered charity in England. The
registered office is 104 Burbage Road SE24 9HE.
Basgs of preparation
The financial ststements have been prepared in accordance with A¢counling and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financlal Reportlng Standard appllcable in the LIK and Repubfic of Ireland (FRS 102) - (Charities SORP FRS
102), and the Companies Act 2006.
The charity is exempted from preparing a cash flow statement due to the exemption avallable to charities with
income less than £500,000.
Assets and Ilabilitles are Initialty recognised at historlcal cost or transactlon value unless otherwise stated in
the relevant accounting policy or note.
Group accounts exemption
The financial statements glve Infomation on the charitable company as a slngle entty. The charltable
company is exempt from preparing group accounts because the income of the group does not exceed the
threshold of £1 m. Further details of Investment in subsidiary are given in note 12.
Publlc beneflt entlty
The charitable company meets the definition of a public benefit entity under FRS 102,
Going concern
The trustees conslder that there ale no material uncertalntles about the charltable companvs abllity to
continue as a going concem. The trustees do not consider that there are any sources of estirnation uncertainty
at the reporting date that have a significant risk of causlng a material adjustment to the carrying amounts of
assets and liabilities within the next reportrna period.
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached lo
the income have been met, it is probable that the income will be received and that the amount can be
measured reliably.
Income from grants and donations are recognised when the charity has entitlement to the funds, any
performance conditions attached to the grants have been met, it is probable that the income will be received
and the amount can be measured reliably and is not deferred. Income received in advance of the provision of
a speclfied seNlce is deferred until the criteria for income recognition are met.
Fund accounting
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets
these crlteria is charged to the fund.
Unrestricted funds are donations and other incomlng resources received or generated for the ¢haritable
purposes.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. it
is probable that settlement will be required and the amount of the obligation can be measured reliably.
Expenditure is classified under the following actlvity headings:
Costs of raising funds relate to the costs incurred by the charitsble company in inducing third parties to
make voluntary contributions to it. as well as the costs of trading activities with a fundraising purpose and
their associated support costs.
Expenditure on charitable activities includes the costs of charitable actlvltles that are undertaken to
further the purposes of the charity and their associated support costs.
Support costs include the costs of overall direction and administration, comprising salary and overhead
costs of the central fundion. and have been apportioned on the basis consistent WFth use of resources.

Herne Hill Velodrome Trust
Notss to the financoal statements
For the
ar eTrded 31 December 2024
1 Accounting pojicies (continued)
Tangible fixed assets
Fixed assets are initially recorded at cost. less accumulated depreciation and any subsequent accumulated
impairment losses. Depreciation is provided to write dovm the cost of each asset to its estimated residual
Value over its expected useful life at the followlng rates:
Leasehold and other interests in land and buitdings
All other assets
Over the length of the lease
Over five years
Stock
stock and work-in-progress are valued at the lower of cost and estimated selling price less costs to comp16te
and sell, after due regard for obsolete and slow movlng stocks. Cost Is determlned using the first-in, first-out
Debtols
Debtors are recognlsed at the settlement amount due after any trade dlscount offered. Prepayments are
valued at the amount prepaid net of any trade discounts due.
Cash at bank and In hand
Cash at b8nk and in hand Includes 811 bank balances kept in current accounts and call dep031ts.
Croditors and provislons
Creditors and provislons are recognised where the charity has a present obligation results'ng from a past event
thal will probably result in the transfer of funds to 8 third party and the amount due to settle the obligation can
be measured or estimated reliably. Creditors and provisions are normally recognlsed at their 8etUernent
amount after allowing for any trade discounts due.
The charity onty has financial assets and financial liabilities of a kind that qualify as basic Ilnancial instruments
which are Initially recognised at transactlon value and subsequently measured at thelr settlement value.
2 Income from donations and grants
2024
Totsl
2023
Total
Unrestricted
Restricted
Donallons and Gift ￿'d
Grants
85,964
54,716
85,964
54,716
131,237
54,716
140,680
140,680
185,953
3 Income from charitable aclivitles
2024
Totsl
2023
Total
Unrestricted
Restricted
Subscriptions
Race income
Merchandise sales
Rental income
19,154
27.334
5,657
50.000
102,145
19,154
27,334
5.657
18,567
1,215
8.869
50,000
78,651
102,145
4 Income from investments
2024
Total
2023
Total
Unreslricted
Restricted
Bank interest received
8,198
8,198
8,198
8,198

Herne Hill Velodrome Trust
Notes to the financial slatements
For the
ear ended 31 December 2024
4 Analysls of expendilure - current year
Cost of
raising Charitable
funds
activities
Support
costs
2024
Total
2023
Total
Direct costs of raising funds
Direct costs of charitable activities
Rent and office running costs
Insurance
Advertising & Marketing
Website and IT costs
Legal and professional
Accountancy fees
Independent examlnaiion fee
Bank charges
Depreciation
13.159
13,159
60A92
62A82
10,125
745
757
18,340
2,565
750
346
263,807
7,551
41,136
52.292
10,730
185
681
8,152
2,350
750
335
261,216
60,492
62,482
10,125
745
757
18,340
2,565
7SO
346
263,807
13,904
60,492
359,172
433,568
385,378
Support costs
359,172 (359,172)
Total expenditurn 2024
13,904
419,664
433,568
385,378
Of Ihe total expenditure, £398,549 was unrestricted (2023: £306,947) and £35,019 was restricted (2023:
£78,431)
Analysis of expenditure - prior year
Cost of
raising Charitable
funds
activities
Support
costs
2023
Total
Direct costs of r8ising funds
Direct costs of charitable activities
Rent and office running costs
Insurance
Advertising & Marketing
Web5ile and IT costs
Legal and professional
Accountancy fees
Independent examination fee
Bank charges
Depreuathon
7,551
7,551
41,136
52,292
10,730
185
681
8,152
2,350
750
335
261,215
41,136
52,292
10,730
185
881
8.152
2,350
750
335
261.216
7,736
41,136
336,506
385,378
Support costs
336.506 (336,506)
Total expenditure 2023
7,736
377,642
385,378

Heme Hill Velodrome Trust
Notes to the financial statements
For tlse
ear ended 31 December 2024
Net income for the year
This is staled after charging:
2024
2023
Depreclation
Independent examination fee (excluding VAT)
263,807
750
261.216
750
Analysis of slaff costs, trustee remunoratlon and expenses,
and the cost of key management powsonnel
The total cost of key management personnel including pension and employer NIC were £nil (2023.. £nil).
The charlty trustees were not paid and did not receive any benefits from employment with the charity In the year
P023: £nll). No charity trustee received payment for professional or other seNices supplied to the charity (2023:
£nil).
Relat•d party transactlons
There are no donatlons from related parties which are outside the normal course of buslness and no restficled
donations frorn related parties. There are no payments to and from Members and trustees which are part of the
normal course of business. There are no Telated party transactions to disclos8 for 2024 (2023.. none).
At 31 December 2024 ah amount of £1,450 (2023.. £76,713) was due from Herne Hill Velodrome Tradlng Ltd,
the subsldlary of the Charlty.
Taxation and legal status of the charity
The charitable company Is exempt from Cofporatton tax as all hs income Is chaTitable and is applied for
charitable purposes.
The chaiity is a company limited by guarantee and has no share capital. The liability of each member in Ihe
event of wlnding up is limited to £1.
Tangible fixed assets
Leasehold
land and
buildings
Furniture
and
equipment
Motor
Vehicles
Total
Cost
At the start of the year
Additions in year
At the end of the year
Depreciation
At the start of the yeai
Charge for the year
At the end of the year
Net book value
At the end of the year
At the start of the year
2,365,270
117,267
12,954
2,800
2,485.337
12,954
2.498,291
2.365,270
130,221
2,800
1,641.975
248,186
79,777
15.620
2,800
1,724,552
263,806
1,988,358
1,890,161
95,397
2,800
475.109
34,824
509,933
723,295
37.490
760.785
All of the above assets are used for charitable purposes.

Herne Hill Velodrome Trust
Notes to the financial statements
For the
ear ended 31 Dècember 2024
10 Investment En subsidiary undertaking
2024
2023
100% share capltal of Heme Hlll Velodrome Trading Ltd
100 ordinary shares of 1 p
Balance at start of the period
lance at end of the period
Heme Hill Velodrome Trading Ltd was incorporated on 30 November 2015, Company registration number
09895276 (England and Wales). The entity is controlled by Herne Hlll Velodrome TFUSt who owns 100/0 of
Shares in Herne Hill Velodrome Tiading Ltd.
31
Decembèr
2024
31
December
2023
Profit and Loss
Turnover
611,846
(160,574)
1436,820)
14,451
115,450)
(9991
S99,983
(150,751)
(390,791)
58,441
Cost of Sales
Administration expenses
(Loss) I profft before Gift Aid
Gift Aid to parent charity
(Loss) I profit before tax
Tax on (loss) I profit
(61,000)
(2,559)
(Loss) I profit for the period
999
559
Balance sheet
Tanglble assets
Debtors
2,614
32.603
18,876
(54,0701
3,608
25,777
91,706
(120,069)
Cash al bank
CreditOTS
Net assetsl (liabilities>
23
1,022
Called up Share Capital
Profit and loss reserves
22
23
Total equity
1.022
14

Herne Hill Velodrome Trust
Notes to the financial statements
For the
earended 31 December 2024
11 Stock
2024
2023
stock
30,060
12 Oebto
2024
2023
Prepayments and deposits
Amount due from subsidiary
Other debtors
Accured Income
8,573
76,713
4,412
1,450
9,220
4,198
24,314
87,698
13 Credftors: amounls falling due wfthln one year
2024
2023
Other creditors
Accruals
Deferred Income
14.565
1,950
54.717
18,411
1.950
109,433
71,232
129,794
14 Analysls of net assets between funds (current yoar)
Total
funds
Unrestricted
Restricted
Tanglble fixed assets
Net current assets
509,934
644,034
S09,934
689,881
45,847
Net assets at the end of the year
1,153,968
45,847
1,199,815
Analysis of net assets between funds (prior year)
Total
funds
Unrestricted
Restricted
Tangible fixed assets
Net current assets
760,787
540.707
760,787
621,573
80,866
Net assets at the end of the year
1.301,494
80.866
1,382,360

Herne Hill Velodrome Trust
Notes to the financial statements
Forthe
ear ended 31 December 2024
1 S Movements in funds (current year)
At the
end of
the year
At the start
of the year
Income Expenditur8
Transfers
Unrestricted funds:
General funds
1,301,494
251,023
(398.549)
1,153,968
Restrgcted funds:
Velodrome works
(see the difference)
Gates
Velodrome irnprovement fund
36,909
2.000
41,957
36,909
2,000
6,938
(35,019)
80.866
(35,019)
45,847
Total funds
1,382,360
251,023
(433.568>
1,199,815
Movements in funds (prlor y•ar)
Unrestrlcted funds:
General funds
1,343,837
264,604
(306,947)
1,301,494
Restricted funds:
Velodfome works
(see the difference)
Gates
Velodrome Improvement fund
36,909
2,000
120,388
36.909
2,000
41,957
(78,431)
(78,431)
159,297
80,866
Total funds
1,503.134
264.604
(385,378)
1,382,360
Restricted funds are received and allocated for use for a specific restricted purpose.