REGISTERED COMPANY NUMBER: 066T9416 (England and Wakn) REGISTERED CHARITY NUMBEFL" 1141066 REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEhlEfiTS FOR THE YEAR ENDED 31 MARCH 2024 FOR ThE SOWHSEA 8KATEPARK COMPANY LIMITED
THE SOLrrHSEA SKATEPARK COPAPANY ED coi¥rENTS OF THE FINANCIAL STATh1ENTS FOR THE YEAR ENDED 31 MARCH 2024 ReportofthgTh15tees 1 to S Indedert ExamlMrf8 Repprt Notss to the Finoncll Statènwts 9 to 17
THE SOUTHSEA SKATEPARK COMPANY LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Th& trustees vtho are ML%0 dtr8Ctors of the charity for ts wyposes of the Companle8 Act 21JO6, present thelr r•port Iho ffiun¢ial )t8temenls of the tharity for the year ended 31 Marth 2024. Tho trustees havo adupted ihe provi&ons of Accountlng Rgwttng by Charflles: Strt8mgnl of R8wnmended Pract appllcable lo charities pr8p8rlng lIr antS in C(¥dan Wi Ihe Fin4rKyal RwtIr Stsndwd appllcable In the UK and Republlc cf 1rdd (FRS 1021 (effedv8 l January 20191. OBJECTIVES AND ACTMTIES PthIllG rnfit The trustees confrm Ihat they have Tefwred to Ihe guldanco wntane(l in the Charity C¢Ynmlsslon'5 genwal lanrA on publt bflI when reviv9 Ihe (*arty¥ aims and oblth&8 and kn anng future a(kntie5. Tha Irugtegs refer to wbllc benettl throuuhcxrt thts rewt. Pagè 1
THE SOUTPISEA SKATEPARK COMPANY LIMITED REPORT OF THE TRTJSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACH Cha EMENT AND PERFORMM¢E ble actlvltles '. In thb. Its trlrtewth yg•r of op9Trthoh. the was atyo to sustsirfi the regular number of sessbns for th8 year and to restart the regular actNthes Bnd 8v8nls ggntralg addition81 ho)me fcythe Skal epath as hwll as bein9 pcoularwith Ur5 and Vb8TtOTB. the rogulaT Irtyi¢ng of tha park and were c£Jnllnu&l aF ongolng ramp m81ntenanc repa1 carrkd out. The annual ROSPA safety Inspedlon was commlssijned the rèport ag81n d tho park operators for Ihelr (>3ntinuouB ifflprovements. In r8SFn80 to the detafcTrUng corKlltion of the ert ramp,11 has be dismanued. am USBb rnat8rlBls have r8Gydd. nd pr Usèrs: the maSoAiy of usws contlnuwj to b8 aged under 10 the PTopJiion of over 1Q u8oY8 has rf8en to 20%. Tha 6thid8d 88sslons - Night on Wednes(bys and Skate Nlght on Thursdays- u3 51Tonger Ilnks vAth the locd ller skatin9 c&nfflL5ty have contrityjtej to tNs. The space m8dÈ 8vaHabl8 by Ihe rerrK)va] of tho Vort ramp h8s recenty baan sat up as an area mable forskstebo8rdws . hNherto urtd-rapr&88ntod. Tho adal sesslons for under 10 ypar Llds lY {to KragO the guwEINin of>wig rldws) contknup4J Crt7 SabJnl8y and Sunday mrThng5 all year Tound Iwealher Perming% We also ¢onlsnue lo COMe gn)ups asYourNJ Crn¥ arvj disabS1ty growjs fLY speciall Supported sassh]ns. we prowrnmed moninly wmmer roller ¢kn)s through the summw monts and organlsed a number Of$p#1 events kndudng of CotKretè, BMX and scootorjams. We wye vwy pjpawj lo ITUSt a nlTrreet wlh Ded . Ixonze BMX med wtnn8r al the 2022 Olylnps and an alumni of Soulhsea Skatep8dL We were 1n InckJ(kd wlthin Ihe McaOrt$ are8 kn the 1hr88 days of the August bank hdiday weekend. This gNes peOe opportunlty lo take part In slKvt roller disco sesslon$. have a go at val$ ¥cis and alch tha Pa dl8play team pthi. ', In smell gTOUPS ran thrLMJghwt the dryer morths and Ihe caLing vouclws were 8dll populat a8 btrthdiy and ¢))risknas Qut Hour& betuse of th8 roll8r dlsc4)g and othu e15 orty limited out-of-hourn use of the park was avalk4bJe for ehlldren's partf8s 8nd group hlr88 but w8 wua ae lo host a number of film $cenIng5 OlrI1 by PortsrrK>ulh Film So•. Jo: wo add&1 a small number of BMX bik95 to equlpment avall4bk8 for hlM th addltkffl ta ts, skaL8 ljoath skaies and these all provkle an OPSKXtunity for b&ainner& Publ our webslie, faceknk and Inslagram page¥ were kept up to dalE, errablng staff lo ge users retyjbr Tnfo rm811)n on Openg dayB and tSmes and Irrformati (m forthcNThmlng events. Ihe perk Is unsafe to ride or skate Ykn9n wrf.. Ir raln starts wIng a 8a881on and Ih8 p ha$ to,dose, users are giv a 'r8&n<11 ticker vthlch gfves thwn a futurg ¥esslon at a Tedwed cost. We nwlntslned this Conceson during the y8¥. Qo&.' Mthlch runs und8r a I¢ce aErearnt by IndgporKlent DpemtLYS th•NJed provhjer In th& mldd8 of the yegr. The rtew owalor has refuTblthed tha café unit artd ravamped the menu. wlh an ernphs on h*lthy and the us• o118cydab Tnakn r W•1[Y tradlng rAnpanY opeTate8 the Skatepark shop aThJ al trading profil$ are rrad lo the to suppyi the nmnlivJ of thè skatepart Wa 11 blke5. 8pare4 skates, bgar¢ls, 9X)I9T8, hdmets aThJ dolling. IrKIlng cur owTr brand itoms. '. lh6 part w8$ avBllaL49 thjrlng thè yaAr as a v8nu8 foT 0t05P?t5 by skalgljoardgrs, BMX olhw4 makgws nd young f8Bhlon P&ll• 2
THE SOUTHSEA SKATEPARK COMPANY LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 foARCH 2024 staffing There wa$ somg tur1¥¥ of staff duFing tho year. ThEinly as student members finlshed thglr courses al Ihe Ur. The (tsrity wItnu to ensure that dl siaff arg Jrst akF trokd an¢J DBS cwgd at enhanrd Futur• plan¥ R¢of prDiBI- follow9 the e8rtler by the Pl8nnln9 depBrtment of the Lni11ed PnS trj roof over the rink whkh would OtrA8 QF¢nSnu In wet W88lher and to provide new indLYX Space lor edLThtk)n and 86¥ity rooms, a revlsed sol of dTawro$ We d8vd¢)pgd for re.gJbml$slon to the kal 8uthorfty for pfe-pbannlng thke. Thè fijnthrg for tho fum pnn1 8ppbc8tion FTa8 b88n agr88d by Pc¥ismoulh city Counal aThJ Ihe SLknmlsslon wll be made soon. Appreelauon and thanks Thls Annual ReFQrt gives the Board an Optun lo offer public thanks to Ihe rnany p¥oplg hav8 6uppotsJ Iheirworkto dat& SpecJ81 t1S go to the followtng.. The yonteer DJS 81 the rdlerdlwos and the pcater de3ign - The band ofV0tears who work on Ihe r8rnp repair ar malnien¢6 and help out 8t events - hEhford Press for the prtnlltvJ of po¥tws and vouthar5 Portgnwth CMY COU11 forlhwr frJndinG SUPPOrt forth? rwfpl8n8 . Jty Rkkeits ofJLR Se@s ts Ihe provkn lo rernDve wuoKJ from rdmp repalrs - Indmdud donor9 In cash and FrtlANCIAL REVIEW FlnandAI TWIIW Thfj tr (ntInue trJ keBp gyp8ndlra undbr tlght control wmst seng to MmISe inujr ThB day to day Ord3 of uK(vne, tho Invo]dThJ and the rrfymenl of blS 19 carr(ed out on sila by one of the trusteB5 ar all recorrls aro pas io an exlgmal bkkr who PToaueas th8 monthty management &coJunt5 for the Board. The brxjkkeeper atso ppre$ Ihe bojks for the year examin81p and prcthdon of acwmt5 In the fomi compar H8• ar•J lh• Ccmml88ion. accounts areon the f1cng pages. had boan cijnw that tha opythg ofon Indoor skatepwk h the cty centre co have a 8eve negavvg impax upon ow usage bLrt we bdieve ihis has not proved the case, peokle freety using b¢th I1111& We we in li8kwn with the operatlbwJ goup and rektionship8 aTe poshN The skatepwk weather eIent ause wet ric4nkar surfaces ll unsofe. The last wintsr and sprfrg have be8n wet and w numb8r of105t days has bèen thg nlghest of ony yoar nce we open&4. Thls hos r8sulbd In an ovar1 kjss for thg year and Ihe Injsiees are rArrentW devel(*ing 8 txJnlkYJw pkn again51 continuinglosses. A stratew to promote addltirnal use and activ rs beino c3. R¢s¢Ne¥ pollcy The charity h88 agrood Reser¥98 Pollw 8nrl ftAlothng tharlty C0mrTUSw TevJnmwdalw$ h8$ aN(Kaled lo the Rr¥6$ the equNaknt of three op8raUonal o)Bts. Th15 [neY Is hdd On an inieresl bearfng one year bond. STrUCTURE. QOVERNANCE AMD MANAGEMENT Qownlng documènt The tharlty Is controlled by its llov¢ming dowwit, a dead of Ovst. and c$t1j1¢S a Inltod cory8ry. Ifmtt& by quaranlee, a$ defined Ihe Companitrs Act %JO6.
THE 801rrHSEA SKATEPARK COMPANY LIMITED REPORT OF THE TRiISTEES FOR THE YEAR ENDED 31 MARCH 2024 Tho ¢hailty Is ¢ontrdled by ts govemlro docunnt, a deod of twsi and nbIleS a limiled (mp8. limitgj by guaTanlg9. as defin8d by ts Conwaniès Aci 2008. Bac r¢und Pol 'ng an LmSUCIX58ful attempt to put the 5kalepath out lo lemler kn 2r, Portsmouth city Coundl proFx>•d redudng the opening of the pa to the wmmer month¥ ly. Th15 wa8 vldety 88en by the u8efd and olheTS as a step trwrdrds closure and pn)v¢knS a vacerLIs campabn of obl8cUon. In T8SPOllSO, th Leader of Iho Cwn¢il ihrew twt a challenge to the paT5 5UPPOrters to come vllh a r20w body to takg OV8r th8 park opwaFkn. A NJfftb8r ol indr¥tOJals tcgethw, reg15tered a5 a not lor pr1 compary and wbsequenly as 4 charfty and fjytrdle¢l Ihe tranthr of th? park trJ tho ¢h8rt8ble cc¥npany on 1st 2011. The Souths Skatépawk Company. workthg name sctI Sk8tep8th Tnjst, has a eo year leaso on the park at peppwc£)m rent. Its first fve years d operalton were urKler a formal Agrpwllonl with th? Couniil cOvj Minim hours of openlro ar#1 variws qualty and safety issues in retum for year on yoar ffjdu(?ng rev¢nue ndlng frun the Ccmmcll. Thls r8ewI expl1 and the fvn(Nng ceawj on 3181 March 201e 81n tho Trust has be6n wholly 8eW-funding. ltrnent and appoinbm9nt of nowtrustoes oard regularly re¥5 tho skdl¥ &NJ expwterv>J reqr to operato offKtenty and effthely and has t i) place a proces5 frjr the TecnMtTrnt of a¢Jditbnal Intee$. Potentia Irustaes ara raquirod to I1n• what led they can contiitxrte at on Infomial IntsNl8w wlth the BceTd. A tW5ts8 induc1K pack ha$ b88n produced and trantng 1$ made 8¥apaa. Rl¥k anogemgnl The stee8 have a duty lo identify and revlew the rfsks lo the charfty Is oxpoJ Jnd to ensure apprOjaIft contrc4s are In place IL) Prde reasonthe assurance again# fraud and error. Thg Irusiee¥ havo In lh8 n8c8998ry prJk1é2 and pmcedurag fi)r the operatlon of Ihe 8katepark and tp me81 mcmthty to ovarseg pc41cy and fflnarte matter6. V•fjth the park monager In as the PrOfeonal advw. Trdere of the parf( Up the wr has be idrtified as a major tsk b ils long iern t•nabllty and trLth are9 ways lo addr855 thi8. REFERÈNCE ANO ADMINi¥fRATIVE IJETAIL5 R•3bSl•r•d Company numb•r 08$716 IEn9larKI ond W) Reglsl¢red charlty number 1141088 Rtylal•r offlce Sryrth ea Skatapark Ewbn9de PISMOth HampBhlre POS 3NZ Pago 4
THE SOUTHSEA SKATEPARK COMPANY LIMITED REpoirroF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ChTlstlne Rlrhard8 Slmn Thlier Edward Sp¢r Paul Gondla Ms Viclorfa Wen Mr Sam Tuffndl Farfd ynsh Ir85ned 30.4.20231 M8rfn 14c*th8m MattTrhYw Charf65 Cole (awointed 18.10.2W231 Chl•f ExerArtiv• Indgpgndont Examlner Pau5 Underw<wd Morrts Crccker Station Houee North Street Havant Hampshlr9 P091QU Sollcltors Stokes 108 Road Southsea Portsmouth POS 1QQ Bankers Thè Bank pk 1 Bglk)on Streel Manthestgr M60 4EP )[e by order dthe board oftnth on ..... .. sbned Its t¢hatfby: Page 5
INDEPENDETr EXAMINER'S REPORT TO THE TRUSTEES QF ThE 8j7H8EA SKATEPARK COMPANY LIMITED Inendent examine¢9 report to tho trusto•s of Th• Southsea Skatopark Company Lknltgd ftho rt lo the thariiy frustees on ry eXanat[oN Df ih? aEGoun15 of the Ccvnpgrry for th¢ year ondod rch 2024. 31 Rospon8llJilits¢g and ba818 of report As the chanws trusts8s of the cY (xnd 8180 ils dlroctofs frjr the purposes ol comp8ry law) you afe respon8Tbl8 for the prepargtlon of tho accounts in ardanc with th8 reqLHrements of the Compantos Act 2([16 Ilhe 2trf)6 ACVI Hr@ sat(sft&J myself that the aco)unts of Ihe Ccfflpany are rrot raqLllr•J to bg aUrfI under Part 16 of the 2006 Aci and ara 8[b[e tr Independent 0MinatiOn, I r•port in respect of ffly examination of yow cher5 a(zounts as carrd out undw Section 145 of Chariti kt 2011 Ilhfr 2011 Act'}. In ¢arryirg out ry axamlnatbn I have follth¥ed the DirectS ven by the Charfty CL¥nMi81n uThler Seclkn 145(5} Ib) of the 2011 A kndMdgnt •xamlnerfJ 8t8toment I h8¥1 compl9j my examSnaUon. I cit)frni Ihat no mthrs hwo come fo my attenfKJn connecvon VA the exanInalc (zuse lo Weve.. eLYountlng re(rdS were not kept In respect of th6 CoMpY as requ1 by Secihjn 386 of tha 2006 ACL, or acccunts (kn not atcord with thosa rnttords,. or Ihe ¥o>Junts do not )Mpty wllh the accounling relrements of of Ihe 2L)36 Aci oltw than any lement thet Ihg accounts glve a true arKI falr vknlth 18 not 8 matter conshJeTed as part ofan knderArKl8nt axamin8tkJn: or Ihe acc(NJnts have not been prepared In aceordance the mel9 8nd prfn¢bpl95 of Slatemgnt cl Rmended Practke fcf acwjnting and r85>orh'ng by thadlles {appllBable to charilies prepwng acrKunts In a¢¢ttthnca wih th? FIn&81 Rgptylng Slandard appIal8 In th9 UK and Rwubvt of Irdand IFRS 1021 I havè no concems and havB cume no ottrw m8itsFS In Cne¢ll0n lh¢ vxwnTnation tv 7Ald¢h AtttnltÈ Sjk1 ba drnwn In thls rep(rt tn ordor to anab a prOr undernding of the to be fèad)érl. Pa Undernvts d AcCntants St8tk) Housa NoFlh Str801 Havant HAp$h P09 1QU Date: i. Pa6
THE SQUTHSEA SKATEPARK COMPANY LIPTED srATEMEpifoF FINANCIAL ACTivrriES (INC(XiPORATING AN INCOME AND EXPENDrruRE ACCOUNT) FOR THE YEAR ENDED 31 MARCH W24 2024 Total 2023 T<)ta funds unrest ResIrfed nd fvrkls Ncths INCOME ANO ENDOVIMEKfs FROM Donatlons and18gacles 13,fj69 13.669 22,042 Charltable #dlvttles skatkyJ 73,113 71113 88.885 Othertraolng aGtMlles Imiestmenl Iwxne 5,134 212 5,134 212 6278 165 91128 91128 117,170 EXPENDITURE ON RalslNJ fimd8 Charll•blo adfvltl•s Piding aThJ Charitable actNiti85 95.648 141J39 Total 9954 141,339 NEf INCOMEIIEXPEMDrruREI (7,220) 17,228) (24.109) RECONCIUATION OF FUNDS Tot81 fvnd8 brryjght foThv8rd 72,763 72.783 96.932 TOTAL FUNDS CARRIED FORWARD 65.S37 65,537 72,763 The ncl¢s fwn part ofth8s8 fin681 Gtsturtenis Pttge 7
THE SOUThSEA SKATEPARK COMPAJ4Y LIMifED BALA14CE SHEET 31 MARCH 2024 2024 2023 FIXED ASSETS Tangible assets IreInts 14 15 2D.631 26,517 20,638 28,524 CURItEiifASSS CAsh at bank In hand 16 &698 47.387 8,650 49,874 56,085 6B,524 CREDITORS Arnwnts tsllng duevllhln on8 y8ar 17 (11.186) (12285) NET CURRENf A8SErs 46.239 TOTIL ASSEfs LESS CURREKr UABILrriES 65,537 72,763 NET ASSETS 6&&97 72.763 FUNDS 19 72,763 TOTAL FUNDS 65.537 72,763 Th9 ch8rtlabl8 ¢XfflP8ny Is entitiad ta 8xernplkn fmm undor SecY(n 4T1 of the &mp8n Act 2006 for Ihe year 31 WGh 2024. The meFnbws have not r8quw8d th8 ojmpaw lo otrAaln an a111 of ffinancid stet¢ments for tho ygar ended 31 Marth %)24 In aecc¢danc6wSih Secth)n 476 Qllhe Cth)Ipante8 kt 2We. Tho trustees ad¢nowl8dge thètr rasb]lItieS(Dr la) th8t th8 Charitab company keeps a¢xourting re¢>)rd8 that C4)mply wlth Sectlons 388 ?nd 387 of thè Comp8nle6 Act 21J06 and Ib) pparfng finandal statements whkh uive a true and falr vlw rf the state cl affairs ol Ihe Gh•Stsble mp8ny 29 at the eryj of each fmancial ar and of Its wlus or deficit for each fnancial >Ear In accordance wThi the requlr8ments of SeCt[L8 394 aTKI 395 and whith othernvise rxjmply wlth Ihe requremenb of the Compani85 Act 2QJ8 reLqtlry lo final Alemeni8. so far as applicable to the charttabb cc. Th¢ finrtal statemts hava baen pr8parEd In accryd8n¢p whh th• provlth appll¢the to diaEfjtab18 comp8ntes subi8ci io the smdl ogh)¢. cla stalements w8re approved by the Bcard ¢Jf Tnths aryj athryised for 1&8ug ,b¥d . and were ned on hs behair ty. ChrfsUn9 Fthrds- TrLL8t88 The notes farm partofthese ffinrA81 st8tanwt8 Pao8 8
THE SOUTHSEA SKATEPARK COMPANY LIMITED NOTES TO THE F]NANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACUNTING POUCIES Bas18 of preparlng the th18nclal stste7nents The ffinandal statements of the tharftable Gnpany, is e pubk entlly under FRS 102. hava prepared in a¢cord8nc8 wlth tr& Chatitie5 SORP {FRS 11rdi 'Attounlro and Reporbng by charit Siatement of Rwtsnm8Od Praclce apkltcable lo th8riti8s pr8p8ring th8ir accoLmls in a¢cwd8n¢o vjlth the Finanual Ryrting Stsndard appttcable In Ihe UK ard Republk of Ireland IFRS 1021 l January 20191,, FancIal pOrng Si8nd&rd 102 Yhe Finandal ReportiThJ Stsndard applKable in thg UK and RepUbr of Ireland thè Ccfflpanies 2C(18. The finarrial stalements have teen preparf under the h1stori1 cost coThienlO wilh tho exceptlon ol knvgstments which are InchJded 01 marketydlu The fmanryal ststentS ¢>Jrrtain wifomalion about The $sea skalep0 Ctxnpgny MiE8d as an IndN4dual compgny and do not Conta lSdated ffin8na1 Informalon as Ihe pent ol a group. The Cha is exempt und8r 39q2A) of the CornpBnies 2006 from the r8quIrits to pr8pare consdmjatad fmanrial statsm¥ts. Income Al Ineomé18 rwThsed in the Statemant of Fln8nLI Acbvi1 orTh Ihe Gh&1ty ha# enlttlemenl to Jnds, It18 prob8td6 that the Incne 11 be recqlwj and the am01 be meaSUj rellably. Expendilura LLqbllltles TgcognlseJ as axpendttur8 as soon a6 thgrB Is a legal Dr constrtKtive oLligation ¢ommlUlng Ihe ¢harty to that expendKwe, 13 probable th#1 a transfor of beneffts be requlred In 8atdetront and th8 amount of the obligalpm can measured rellably. Expen0re Is 8e4>Junted for on an accruals basb and been dassffjed under headings Ihal aggr¢gth all cost ral8ted to the c818gory. Where ¢os(s cannot be dir attribu5 to pawlculaT hea(lirwJs thw havé b cuted to ac111 on a basls ¢Ststentth the use ofresour W•bsil• eb5ile htsngible fiwl is arrxtl8ed ¢)¥wfiva yea Tanglbb lkned assots D•pr8clatbn IB PlAded at the fOlknn9 annu8[ ratsB In (th lo wffte off each asset over its athatgd Lgful I. Plgnl and machinwy FFxtwes fitlin95 15% on c05t on redng balance Indvtdual ffxed assets Cost1 £100 or nKYe are caEitsfÉsed ot cost. T•xallon The ¢harfty 1$ ¢x¢rwfrom tsx on Its charftsk40 8¢fvttle8. Fut acwuntk Unrestrfcted can be used In armdan¢& wlth the dkarflab ¢)bj&thie8 at the dletyettDn of tho Restrkted fL#iJs can only be used for parueddr restricted purposBs wfthln the objets of tho tharity. Regtrlctk)n5 arise spe(ified by the d(Or or then fund5 are rais9d far p8rtlwlar rpstricted Further eypt2rth nf nature Bnd puryjose of each fwd 19 Included In the leY lo the th8ncl81 PanNlon costs and othBr posbrotlremwrt bgnofits The tharity has been allmd &¢853 to the Hamp£htre Cryjftty Cwidl Penl Scheme ft>r th¢ TUPE'd stsff onty. cTrribUli payab19 to tr* penslon scheme are tharged to thg Slatement ¢ Finandal ActlE1ES In perfod toVh they relate. Pag9 B onnUed...
THE SoirrH5 SKATEPARK COMPANY LiIArrED NOTES TO THE FINANCIAL STATEMENTS- ¢ontiThJ FOR THE YEAR ENDED 31 MARCH 2024 AccouKllNG POUaES- conlinu•d Finanwl instrumen1¥ The charity only entfjrs into bas fin8rKial inStrUmts transactW5 (h#i in the recognition of lknanclal asset5 and Ikgbilitias Ilke Irade and other a(wunl$ reVable payable. loans Ir( bkS and othér thlrd paths and loan8 to relatsd p8rU&s and Investments in non-wttable ordinary shares. Shryt term debtors Bre measured at transactkm pri, Igss any Imp#lrmènt. LoBns racth8trdè gre measufed Inlllauy at faw Yu#. nèt of transadlon Co5 and are measured subseqLMYy at amortiwl cost ¥Jsng th8effethTg Inieresl rrthd, lass any Iny8lmwnL ¢••h •nd cuh •rylvalwts Cash arKI ¢ash gqUfvants comprise cash at bonk and on hand. depo8W8 wltr banks and other short-term highty Iplid kwostmerts 8nd bk ov8rdrafts. In th• balance Shegt, bank overdrnts orè wilhin bOrrOrJ5 or current llatyll0 Trad8 and oth•r credito Short temi trth1é cradltors are measured at thg Iransa¢lknn prlce. fln8fKgal Nabllltles. Induthng bank b)an¥, are measured hitiaty al fair Wdlu& n8t ol trans9 cos18. and Tneasured subserwgnty gt amt•d X8t uskn9 the effth Interest Thh¢¥j. DONATIONS AND LEGACIES 2024 Donplknns 13.669 OTHER TRADING ACTivrriES 2024 5.134 6.278 INVESTIIENY INCOME 2024 2023 212 All Investmenl IrKrne IB dwlve(I Irom assets hBld in the Unl JfjrvJdom. Pa 10 continu&%...
ThE SOUTHSEA SKATEPARK COMPANY LIMITED NufÉs TO YHE FINANCIAL STATEMENTS - conllnued FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARrrABLE ACTivmES 2024 Athty Ridlng and thaling Rldlng and skallng Riding sk£llnJ Il'dlng •nd $kallng Rkllng and otkng Ccething Equipmant hÈr8 GIR 64.780 1.875 4.977 1,401 80.320 3.070 4,767 73,113 B8,885 RAtSlNG FUNDS othgrtrading a1¥ 2024 2023 cHrASLE ACTMTIES cosrs SupFQrt costs (sea not6 8) Dtrect Total8 Rid9 and skatirffJ 42.063 98,046 SUPPORT COST8 Management Flnance Totsls Rldng and skalng 39.825 42.083 Supwt ¢cts. induded in the ab, are 89 folk&. Manag¢m•nt 2024 Rhthng 223 Total aV(eS ekaling WaS Sodal sewlty Pgnskin8 Water Insurane hl and heat Telephone Postaga and staknery Sundries Ropdrs renowal Lwir*s Bootheep IT pOts 0.673 607 6,673 3.873 4.921 1,639 5,476 408 28.940 2,107 1.740 2.391 1.170 1.710 1,431 C8rrf8d S)wrd 29,740 58,732 Page11
THE SOUTHSEA SKATEPARK COMPANY LIMrrED NOTES TO THE FINANCIAL 8TATEMENTS- contlnu•d FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS- ntInUed Manryem•nt. ¢ontlnued 2024 Rlthng and Skatlng 2023 TotAI acllvlues Brought fopmard Tralnlng gnd othqrstaff coyts Event fvndk Payrdl c05t8 AdvartSslng EquirAnent Nre Amortisalion of Inl8nglblè Itxed assots D8pwation of faraj aBset8 29.740 77 72 1.600 387 8.724 39.825 70.752 FIre 2tr24 RKlng sk81ing 60 870 C48h fwjktsr thwge8 1,411 20Z4 R¥Jing atl acllvlues Indq>8nd8nl eXaerS NEf INCOMEIIEXPEMDfTURE) Net lnctXT[éVndIlUye> ts slat8d aft8rChargWlcdlthg1: 2024 2023 Depredauon . 0ed asÈsts Website wnortisatic 5,&86 Paga 12 ¢Mtlnu&Y_.
THE soiifHSEA SKATEPARK COPAPANY UMITED KOTES TO The FINANCIAL sTATEmEPs . continuod FOR THE YEAR ENDED 31 MARCH 2024 10. TRusfEES' REMUNERATION AND BENEFITS There were no tnJste8s' rerrnjnerat1c LY Dlher befits knr th8 year end8d 31 March 2024 nor for the yegrended 31 2023. Trustees. expense Llthng th• yoar no trustees12Q3: rK)ng) wFtg renb oul ofpocket eXplSe¥ (2023.. £nti). 11. STAFF COSTS The average numtw ofemplcryeDB durtrvJ th8 y8arwa8 as fdkyw5: 2024 2023 Avera9enumber olwnF4oyoa No recdvgd emolwnerts In excess of £80,IKIJ. 11 COMPARATIVES FOR THE STATEM OF FifL4NCIAL ACTIVmE8 Unres1ctl R•Jtricts furvj lulld Total fvnds INCOME AND ENDOWIIENTS FROM Donatkns and W&s 21042 21042 Rlding and skating 88.686 88.$35 Other trading actm Inv88tmt Incorn 6,278 6278 165 Tatsl 117.170 117.170 LXPENDrruRE ON Charltable actlvltles Rklltw and skatkng rIt80 &ctilIa5 141,339 (3,510) 141,339 3,510 137,829 3.510 141,339 NET INCOMEIIEXPENDrruREI (20,659) (3.S10) 124.169) RECONCILIATION OF FUNDS Totd tund8 brouthtfoTh%*rd 93,422 3.510 96,gT2 TOTAL FUNDS CARAED FORWARD 72,763 72,763 Pago13
THE SOUTHSEA SKATEPARKCOMPANY LIMITED NOTES TOTHE FINANCIAL STAIEMEKfs- contiTruod FOR THE YEAR ENDED 31 MARCH 2024 13. INTANGIBLE FIXED Assyrs At l Akvil 2023 and 31 Marth 2024 1934 AMORTtSATION At 1 April 2023 and 31 MBrth 2024 800K VALUE At 31 M4r¢h 2024 At 31 March 223 14. TANGIBLE FIXED A8SErs Flthre8 ?nd fltungs Planl and mgthinery Tota16 COST At 1 &0ri12023 and 31 Marth 2024 45222 122.574 DEPRECIATION At 1 Aprfl 2023 CIwrgeftyYr $5.932 4.070 37,125 1,216 96.057 At31 M8rth 2024 83.W2 3B.341 101.943 NEf BK VALUE At 31 Mard12024 13.7• 6.881 20.831 At 31 MaTth 23 1&420 8,097 26.517 11. FIXED ASSET INVESTMENTS Sharo8 In ur¥JOrtag$ RKET VALUE 1 Aprl 2023 and 31 Mwch 2024 NEf BOOK VALUE A131 Marth 2024 At 31 M*rth 2023 Al ffix8d asget investrts we inyde thè Unltod lfjngjom. The COMp•S at th8 baler sheet date in the share cal1 ofwmpankrys include th Paq8 14 continu&l,..
THE SOUTHSEA SKATEPARK COMPANY LipirrED NOTES TO THE FINANCIAL STATEMEKfs- ¢ontlnued FOR TrIE YEAR ENDED 31 MARCH 2024 15. FIXED ASSET INVESTMEKfs- conllnued South¥M skat1b fradlng Llmlt•d RegIs1w Sc)uthse8 Sk8tepaFk Clar9r Espnade, srthSea, Pcrtsmoulh, Nampstttre. P05 3NZ Naiure ofbu&n8s8'. CAxnmetri81 cyr8Jon ofthe Skatw% Shc¥J ct8S8 of ore: (Inary£l share8 holding 100 21r24 31.323 Aggal8 capltd and r8serves Profft for th8 year 7.174 7,174 4,181 16. DEBTORS: APIQUNTS FALLING DUE wmiiN ONE YEAR 21r24 2023 Trndo d8blorn 1,8 6,0 130 7.730 130 Prepayments accrLd incom8 17. CREIXTORS.. AMOUNTS FALUNG DUE wrrHIM ONE YEAR 2024 2023 8.162 831 SoLYal sawrfty arvj Lrthw1ax8s 11.188 12285 ANALYSIS OF NEf $SETs BEIWEEN F(R4DS 2023 Totsl fund¥ ftjfid fvndg Fixad ass8ts Investments Current a88ets Currnrt Il•btllll8s 20.631 20.631 26.517 56,085 <11,1861 66.U85 {11.186) 58.524 {12,2851 65,537 65.537 71763 Pago15 c4Jntknued...
THE scxrrHSEA SKATEPARK COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDEO 31 MARCH 2024 MOVEMENT IN FUt4DS m(N¢mgnt In fund8 At 1.423 31.3.24 Unr•¥trkted funds Ggwal fund 72,783 (72281 65,S87 TOTAL FUNDS 72,763 (7226) 85.537 Net mov1 in (L Inded in ts abm 8re 88 fc Inr1Jrntr Reswrces Mo¥t Unrnstricled fund¥ Genwol fund 92,128 199.354) (7.1261 TOTAL FUNDS 92.128 199.354) ri,226) compar¥0$ for movemnl in fund8 Net At 1.422 in furKIs 31.3.23 iknrnstrlctad fu Ger fund (20.6591 72.763 Re9Cted fvnde 9rant for roof 3.510 {3.5101 TOTAL FUNDS 96832 (24.189) 72.763 Compafvthve nel movement in funlys, hJud8d kn Ihe above as fdlovvJ: InEumlng ResrLJrces MDvem8nl i) fvnds Untestrkt8d fvnds Generdl IL 117.170 {137,829) (20,659) R•stri¢t•d furxls Rovenue grant fN to(rf {3.540) (3,510) TOTAL FUNDS 117.170 (141,3391 (24.169) Thg raVenl grart f( the roof Is a gFant provkled to pay kn archO¢tural f895 in rey¢t of the roof pro1t. Pa•3 10 tntinu1...
THE SOUTHSEA SKATEPARK COFAPANY uMrrED NOTES TOTHE FINANCIAL sfATEMENTS- ¢onllnuod FOR THE YEAR ENDED 31 MARCH 2024 RELATED PAIUY DISCLOS(RES Durfng the r The SoLthyea Sk8tep8rk C<Thp8ny Llmlt8d 1788 the transathions w Souttrtsaa Sk2t8park Trading Ltd, 8 l¢)J% vNned 3ubsithary undertakNIG of the ¢writy. The sh8res of Southse8 Sk8tepArk Trfing Ltd by the tfUStee8 8nd In trnsl for tha banofit of the charfty. 2024 2023 Retharges 17.588) 18.082) 4.181 At the bar sh8et date the follfft bnces wore #thIng bRen the tharftsble c4)rroany and Soulhsea SkatsparkTradlng Ud. 2024 2023 DplAors Cr&JIt8 418 P.259) 21. IiTIMATE COTrrniOLLING PARTY Th8 chaTilable comtAny Ss not urthr the contrd ofaTthrentlty or arycm Indfvklual. Pagé17