Company Number 04736776 (England and Wales) Charlty NumlEr 1147687 DRIFFIELD AND DIsfRIcf SKATE AND BMX PARK UmED (A Company Limited by Guardntee) FINANCIAL sfATEMENTS Year ended 13 FEBRUARY 2024 Phoenix Accounl3ncy and Business Consultanry Llmlted
DRIFFIELD AND DITricf SKATE AND BMX PARK UMITED Cornpany No: 04736776 Charlty No: 1147687 Contents to the Financial Statements For the year ended 13 February 2024 Page Company InfornKtion Independent Examiners RepJt Directors, Report Income and Expenditure Account 12 Ststement of financial Activlties 13 Balan Sheet 14 ststement of Cash Flows 16 Notes to the Financial Ststements 17
DRIFFIELD AND DISIRIcf SKATE AND BMX PARK LIMftED Company No: 04736776 Charity No: 1147687 Company Information For the year ended 13 February 2024 DIREoR5 J. Hetcher S. D. Fletcher P. Rounding H. Dale REGISTERED OFFtCE 37 Beverley Road Driffield East Riding of Yorkshire Y025 6RZ REGISTERED COMPANY NUMBER 04736776 REGIsfERED LIIARITY NUMBER 1147687 ACCOUWA Katie Sauvage FCCA Chartered Certified Accountsnt Phoenix Accountsncy and Busine Con5Uttar limited Morley's Cottage Morlevs Yard Walkergate Beverley HU17 9BY BANKERS B3rclaVs Bank PLC 61 maet Place Driffield Y025 6AF
DRIFFtELD AND DIsfRtcr SKATE AND BMX PARK LIMED Company No: 04736776 Charlty No: 1147687 Independent Examlnerfs Report to the Membw5 of iffield and District Skite and BMX Park Limlted I report on the accounts of Drlffidd and Dtsirfct Skate and BMX Park LlmlteAJ ts the year ended 13 Felyuary 2024, whkh a set out on pa 12 to 30. The trust (who are aLg) the rfirectors of the company for the purposes of company law) are 5nsible for trE prepatatlon of the accounts. The charitrls trustees consider that an aLJIt Is not rUlr for this year under sectlon 144 of the Charltles Act 2011 (the Charitles Act) that an IN14ndt examinatlon Ss needed. Itls my reSkIsIbIlIty to: • examine the accounts under sOn 145 of the Charltles Ac¢ to follow the prixedures laid (h)wn In the general Directlon5 gtven arIty Q)mmisslon (under secuon 145(5)(b) of the tharitles A¢ arml to state vthether partlcular fflatt have come to my attention. . Basis of Independpjrt examinerfs POrt My examinaoon was carrf&l out in accordan wlth genernl Dlrectlons glven by tt arfty Commlsslon. An exaMinaon [rludeS a rev1 of the accounung records kept by the chaiity and a u)mparIn of the Wjunts present&1 with th0 record& It also Includes constdets.on of any unusual items or dlsdosures In the accounts, and seeklng eXplanatiS from the trust ccrKerning any suttb matters, The prjUreS Ulertrk do not provlde all the eVIden that would be o]uired in an audiL and corsequently no Opini( Is glven as to whether the accounts present rue ar¥J fairf vlew and the reFK)rt is limiw ts) matters t out In the statement below, IndePe[ent examlnerfs stataiient In iy)nnectK)n wlth my eyamlnation, Th) mats has (x)rne to my att£ntlon to Indlote that: accountlng records have not been kept in ac(ThdarKe vlth ton 386 of the Companies Act 2006. the accounts do not accord vth r. where accounts are prepar1 on an acauals ba, vthther tlw fail to comply wlth relwdrt accounting wuirwnents under settion 396 of the Companies ALt 2006, or are not COnStent wlth the Charitles SORP (FRS102) any matter whlch the examlrtr belleve5 5Uld be dravm to the attentlon of the reader to gain a prow understarKilng of the accounts. Katle Sauvage FCCA Chartered Certlflay A(£ountsnt Phoenlx Accountsncy and Buslness CorsultarLy Um11 Morfey's Cottage, Morl¥s Yard Walkergate, Beverfey, HU17 9BY Date: 3110112025
DRIFFIELD AND D15fRI SKAIE AND BMX PARK UMtrED Company No: 04736776 Charity No: 1147687 Report of the Board of Trustees (incorporating the Directorfs Report) For the year ended 13 February 2024 The Trustees present thelr )rt with the finaThial statements of the charitable company for the year ended 13 February 2024. The flnanclal statements comply with the Chaiities Act 2011, the tharity Memorandum and Articles of Association, and Accounting and Reporting by Charitles: Statement of RecOmMeed Practice applicable to charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effecbve l January 2019). overnance mert Governin Document We are a Company Limited by Guarantee incorp)rated on 16 April 2003 govemed by our Memorandum and Articles of Ass(riation adopted on 14 April and revised at Companies House on 23 April 2012. We became a Registered Charity on 14 ju 2012 Rec en In accordan with our Articles of Ass(xiation we have a minimum of three Trustees, which is the minimum numter required. At our Annual General Meeting (normally held Sept - Nov each year) one of our Trust retires. This can either be the longest serviThJ or a Trust who wishes to retire. The retiring Trustee can then be reappointed or a new Trustee can be appointed, again in accordan with the Artlcles of AsxKiation. Our Trustees are volunteers. Prior to their appointment, it is ensured that new Trustees are fully conversant witt) their responsibilities. Tr uction an Tr ini Any new Trustee meets wlth the exisling TrLSt*s and also has access to Trustee documentstion prcéuced by the tharity Commission. We have not adopted any specific tM)liaes for the training of Trustees, IK)wever we have adopted a number of policies for the safe runnirTr3 of the skateparK eg Anti- bullying, Health & Safety, Contlict of Interes¢ etc. These are reviewed on a regular basis.
DRIFFIELD AND DIsfRicf SKATE AND BMX PARK UMTTED Qjmpany No: 04736776 Charity No: 1147687 Report of the Board of Trustees (incorporating the Directorfs Report) For the year ended 13 February 2024 The Trustees are supported by a Committ of Voluntee who assist with the organisation ar)J administration of the skatepar. The Trustees and commlttee members tM)Id a meeting each month (wherever p)ssible) when general business is condutted. We no longer employ a skatepark manager. The role has tEen divided between the members of the committee. We employ three paid members of staff and a large number of vdunteers who supeNi the actsvities at the pa. The majority of our decisions corKeming the general njnning of the skatepark are rnade jointly by the Trustees and committee memtErs. We work dosdy with the Communty Wision CIO who Sup[ and advlse us in many areas including pparatIOn of accounts, funding and training. The charty Is not part of a wider organisation. The skatepark holds an all risk commercial insuran licY, spedfically designed for skateparks, and includes a Directors and Officers policy. Ob"ectiv&s and Activiti The charitys objects a. promote for the benefit of the inhabitants of DrÈffield and the surrounding area, the provision of facilities for raJeation or other leisure time ¢xcupation, in particular but not exclusively, skatelM)arding, BMX biking and roller-blading for individuals who have need of such facilrties by reason of their youth, age, infirmity or disablement, finanaal hardshlp or social and economic arcumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants, Our aim is to include as many young people as possible, from all walks of life, in the above actimties. The young people have to pay to use the parK whith is fully supervised, but we kp our pri as low as pN)ssible and hold free sessions when we can.
DRIFFIELD AND DisfRIcf SKATE AND BMX PARK LIMITED Company No: 04736776 Charity No: 1147687 Report of the Board of Trustees (incorporating the Directorfs Report) For the year ended 13 Febnmry 2024 d Attivities The Trustees and committee members continually fijndrdise to enable us to keep the park maintained and safe for its users. We organise four Antique Fairs each year and various other fundraising attivities from which all proffts go diw towards the running of the skateparL This is all done on a voluntary basis. We also apply for grants and write to varlous IxKJies for donations, although much of this work has now been delegat to one of our colleagues. At our m&tings decisions a made as to how any funding and income is spent. First and foremostls the safety of the park arKI we are then free to identify other areas in which to spend any additional monies. Our portacabin, which irKorporates a tuck shopi toilets and a meeting area, is still well used. This is a19) ud by parents accompanying their younger children. We continue with our ramp building and renovating program and encourage our stsff to be as invofved as possible with this. We have again organised free and reduced Pri open days. ments and Pe eview of Athibes Our main objective is always to increa the number of users of all ages at the skatepark, to rnise our profile and to raise funds to improve the park We were able to do this by putting in place the following: l. Keeping the entsy pri low for everyone (£1 per hour for under Il's) 2. Opening the park for extend hours during the sdKK)I holidays. 3. Organising free Open Days and special reduced-1 days during the holidays. 4. Maintaining the park to a high standard and nkIng changes to the layout to ensure It remains a safe but challenging pla for all the activities. 5. Applying for grants and donations aTrJ raising our own funds. Running alongside this has always been our objective to pmmote children's independence and personal responsibility and encourage the young people to develop an understanding of how to behave in a group of mixed ability and age. They coMe more courteous and develop a Sen of 'park etiquette,. They are k&n to watch and help each other and leam from each other and become more Interested and tolerant of each othevs chosen sport. The feedback (mainly from parents of our younger users) is that the way the park is run and supervi*d brings out the good qualltles in all the young people, In particular the older users attitude towards the younger users. There Is rK) doubt that they develop patien towards this younger group. The nature of the sports also gives the young people mre independence as it is a sport where they have to ty something for themselves. it is
DRIFFIELD AND DIS[Rl SKATE AND BMX PARK LIMrrED Company No: 04736776 arity No: 1147687 Report of the Board of Trustees (incorimirating the Directorfs Report) For the year ended 13 February 2024 vities totslly their thoice and they (zn push ttErr6elves as much as they like. Once they reach the age of I I they are also able to come to the park without parental supervision which again promotes their independen. Two members of staff are now trained coaches which enhan the experien of the young people who use the skatepark. This year we have managed to obtsln funding from rrK)re funders than last year for the repair of ramps aFxI insuran isin Our most successful fijndraising event is our Antique Fair held four times per year. This year we held a successful dog slK)W to coincide with one of the fairs. This year we have been able to run our four Antique Fairs as usual. Rel nt R lationshi We continue to WO dosely with the Town Counal. Last year the lfrIeld Youth Action Group continued to run sessions for two nights a week in a portacabin which we have allowed them to erect on our site for free. We see the Skateparf( and the Youth Centre worklng closejy together in trE fiJtU. Financial Review Our principal funding 9)urS are: l. Entry fees 2. Fundraising - mainly from our Antique Fairs 3. Grants and Donations Grants reiVed this year include: a. F B Lawren - rdmp repairs and Insurance £500 b. Garfield Weston - ramp repairs £2,000 c. Commuted Sums- Trmp repairs £3,903 d. PAG - ramp repairs, subsidised sessions and equipment £2,lYJO e. Two Ridings- ramp repairs arKI volunteer training £1,978 f. Hull & East Ridlng Charltsble Trust - subsidised sessions and insurance £2,500 g. Tribune Trust - subsidised sessions £1,677 h. J & A Cattle- subsidised wsions and coaching £1,880 i. James Reckitt subsidised sessions and coaching £2,000 j. Liz & Terry Brdmall - subsidised sessions and coaching k. Peter Harrison Foundation - £3,000 l. Post Code Lottery- unrestricted £6,000
DRIFFIELD AND DisfRIcf SKATE AND BMX PARK UMrrED Company No: 04736776 Charity No: 1147687 Report of the Board of Trustees (incorporating the Directorfs Report) For the year ended 13 February 2024 Most of our expenditijre has been on maintsining the pa to a high standard and our insuran. We have no reserves p)licy and have never bn materialty in def We do not hold funds as custodian trust on behalf of others. Plans for fu Our future plans Include: a) Contlnuing to improve training and development of our staff b) Keeping on top of Maintenan and repairing the ramps damaged by daily wear and the winter weather c) IncreasiThJ user numbers d) Obtaining funding to enable us to offer more sessions for those young people who for vari¢)us reasons would not be able to acc the frdcIIty. e) Working closely wlth Driffield Youth Attion which will enable us collectively to offer alternative activities for young people. Q Obtalning funding for fr coaching sessions Pu Ilc Benefft On behalf of all three Trustees, I can Confi that the charity truste% have complied with their duty to have due regard to the gUan on public benefit as published by the Charity Commission in exercising their power and dub'es. tement sure of in rniation In nt Examin We, the Directors of the company who held office at the date of approval of the financial s12tements, each confirm so far as we are aware, that. there Is no relevant inf0mtIOn of which the companvs Independent Examlner is unaware; and we have taken all the Steps that we ought to have taken as directors In order to make ourselves aware of any relevant infomiation and to estsblish that the companvs Independent Examiner is aware of that infomiation. Statement sres ibilities The charity trust (who are also the directcKs of Driffield and District Skate and BMX Park Ltd for the purposes of company law) are responsible for preparing a trnstees, annual report arrd financial statements in accordance with applicable law and United ngdoM Accounting Standards (United Ktngdom Generally Accepted Accountlng PradEce). •1
DRIFFIELD AND DIThEcf SKATE AND BMX PARK UMtrED Company No: 04736776 Charity No: 1147687 Report of the Board of Trustees (incorporating the Directorfs Report) For the year ended 13 FebThry 2024 tement of ibililies Company law requires the tharity tsustees to prepare financial statements for each year whlch glve a t and fair view of state of affairs of the charitable company and of the Incoming resources and application of resources, including the Income and expendibjre, of the charitable company for that period. In preparing the financial ststements, the trust are required to: selett suitable accounting poliaes and then apply them consistently; observe the methods and prlnciples in the thrities SORP; make judgements and estimates that are rea9)nable and prudent; stat directo$ res nsi continued state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepa the financial s&itements ¢Jn the going conrn basis unless it is inappropriate to presume that the chaiity will continue in business. The DirtorS confirm that the accounts comply with the above requirements eXpt in that they have chosen to depart from the SORP with regards to deferring income. We feel that when applying for grants continuing to defer the income, especially the capital grant, would show a MO 'True and Fair View" of the organisation's financial posib'on. The Dlrectors are resnSIble for keeping proper accounting records which disclo with reasonable accuracy at any time the financial p)sition of the charitsble company and to enable them to ensure that the financial statements comply with the Companies Att 2006 They a alg) responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Directors a resp)nsible for the Maintenan and Integrity of the corpordte and financial information included on the charitable company s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. io
DRIFFIELD AND DisfRIcf SKATE AND BMX PARK LIMrrED Company No: 04736776 Charty No: 1147687 Report of the Board of Trustees (Incorporatlng the Dlrectorfs Report) For the year ended 13 FebnMry 2024 Katie Sauvage FCCA of PhnIX Accountsncy and Busin ClancY was appolnted as the Independent Examiner. ij Thls rert has bn prepared in acC(dan with the special provisionof part 15 of the Companies Act 2006. Skgned Paul Roundlng, Trustee Dated 2910112025 11
DRIFFIELD AND DIStRIcf SK4TE AND BMX PARK LEMED Company No: 04736776 Charity No: 1147687 Income and Expenditure Account For the year ended 13 February 2024 Notes 2024 2023 Income 48,913 (36,885) 12,028 99 23,167 (29,435) (6,268) Expenditure OPERATING SURPLUS/(DEFiaT) Interest ReVable 11 SURPLUSI(DEFIcrr) FOR THE YEAR 12,127 (6,266} RESERVES BROUGHT FORWARD 9,366 15,632 RESERVES CARRIED FORWARD Totsl income (including interest receivable) of £49,012 (2023: £23,169) comprises £19,896 (2023: £18,892) for unrestricted funds and £29,116 (2023: £4,277) for restricted funds. A detsiled analysis of income by source is provided in the ststement of financial activities. The sury)lus for the year of £12,127 (2023: deficit £6,266) comprises a surplus of £3,222 {2023: deficit £5,980) for unrestricted funds and a surplus of £8,905 (2023: deficit £286) for restricted funds as shown in the statement of finarKlal activities. There are no recognised gains and losw other than those passing through the income and expenditure accounL The income and expenditure account has been prepared on the basis that all operations are continuing operBtions. The notes on pages 17 to 30 form part of these finandal statements. 12
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DRIFFIELD AND DIsfRIcf SKATE AND BMX PARK LIMITED Company No: 04736776 arity No: 1147687 ststement of Cash Flou For the year ending 13 February 2024 2024 2023 Net Movement in Funds Add back depreciation tharge Deduct interest income shov4n in investi activities Decrease/(increase) in stock £kcreasel(increase) in debtors Increase/(deuease) in creditors Increase/(decrease) in deferred Income Net cash used in operating activities 11127 4,201 (6,266) 4,202 12 (99) (2) 42 (29} (82) 15 Cash flows from investing activities Interest income Purchase of tangible fLxed assets Cash provided by (used in) investing activities 99 12 99 Cash flows from financing activities Repayment of borrowing Cash used in financing activities Increase/(decrease) in cash and (ash equivalents at the beglnning of the year 12,470 (5,828) Cash ar)d cash equiwdlents at the start of the year 2,694 8,522 Totsl cash and cash equivalents at the end of the year 15,164 694 The notes on pages 17 to 30 fomi part of these financial s13tements. 16
DRIFFIELD AND D1sfRI SKATE AND BMX PARK LIMrrED Company No". 04736776 Charty No: 1147687 Notes to the Financial Statements For the year ended 13 February 2024 Accounting policies 1.1. Basis of PparatIOn The financial statements have been ppa in accordan with Accounting and Reporknng by Charities: Ststement of Rec0Mnnded prattl applicable to charities preparing their accounts in accordan with the Financ1 Reporting Standartl applicable in the UK and Republic of IreIar (FRS102) (effective 1st january 2019) - (Charities SORP (FRS102)), the financial reFOSting standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Att 2((6. Dr5ffield and Distsict Skate and BMX Park Mited meets the definltlon of a publlc benefit entity under FRS102. Assets and liabilities a initially recconised at hlstorical cost or transaction value unless otherwlse stated in the releNpnt accounting policy note(s). l.Z Going cOnrn The Trustees consider the Chaiity to a going corKem. The accounts have bn prepared on this basls. 1.3. Income Income Is recognised when the charity has entiuement to the fund5, any perfornian conditions attached to the item(s) of income have been met, it is probable that the Income will be received and the amount can be measured reliably. The trust have taken the deasion to depart from the SORP in restEct of deferring income becau we feel that when applying for grants continuing to defer the income, especially the capitsl grant, would show a more True and Fair Vievf of the organisations finanaal tM)sition. Grants received to furKI the initial purcthase of land and buildings and other fixed assets were edIbl to Deferred Revenue in the Balance Sh*t arKI released to the Statement of Financial Activities over the expetted usefvl life of the assets. Grants received since the initial purchase have been accounted for when the company is legally entitled to the income and the amount can be quantifi&J wtth reasorkible accuE3Cry. 17
DREFFIELD AND DisfRICT SKAIE AND BMX PARK MED Company No: 04736776 Chaiity No: 1147687 Notss to the Financial Statements For the year ended 13 February 2024 1.4. Interest Recelvable Interest on funds held on dep)slt Is IrKluded when receivable and the amount can be measured liablY by the charity; thls is nomialty upon notification of the interest paid or payable by the Bank. 1.5. Fund accounting Restricted fvnds are funds which are to LE us&J In accordance with SFEcific restritions Im[yd by donors. Restricted funds are ac£ounted for separately to each other and to the core funding of the company. nerdl funds a unrestricted fiJrKls which are available for use at the discretion of the directors in the furtheran of the general objertives of the charity and whlch have not bn designated ft)r other PUryK)ses. Designated funds compri unstrIcted funds that have been set aside by the directors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. 1.6. Expenditure and irrecoverable VAT Expenditure is recognised On there is a legal or constructive obligation to make a payment to a third party, it is probable that setdement will be required and the amount of the obligation can be measured reliably. F¥pe.nditure is dalfIed under the following activty headings: Costs of rdising funds comprise the costs of trading. Expenditure on charitsble acbvities includes the costs of events, other expenditure represents those items not falling into any other headiThJ. Irrecoverable VAT is charged as a cost agaLr the activity for which the eXndItUre was incurred. 1.7. Allocats'on of support costs Support costs are those functions that assist the wod( of the charity but do not direcuy undertake charitable attivities. Support costs Include back Offi costs, finance, personneli payroll and govemance costs which support the Charities aclivities. Due to the level of materialty of allocatlng sUp}rt costs to the costs of fundraisingi these costs have all been allocated to charitable activities. A full breakdown of all costs related to Charitsble Activities has bn provided in Note 8. 18
DRIFFIELD AND DISfRIcf SKATE AND BMX PARK MED Company No: 04736776 Charity No: 1147687 Notes to the Financial Statements For the year ended 13 February 2024 1.8. Tangible Fixed Assets and Depreciatlon Tangible fixed assets are stated at cost less deprecIaon. Depreclation Is provlded at rates calculated to write off the cost less estimated residual value of each asset over Sts expected useful life, as follows: Land and BuildSngs 2% on the straight line basis Plant and Machinery 10 % on the straight line basis fixtures, Fittings and Equipment 20Wo on the S[raht line basis 1.9. Debtors Trade and other debtors are recognised at the setljement amount due after any tTrde discount offered. Prepayments a valued at amount prepaid net of any trade discounts due. 1.10. Cash at bank and in hand Cash at bank and cash in hand indudes cath and short temi highly liquid investments with a short matuiity of thr months or less from the date of acquisition or opening of the deposit or similar account. 1.11. Creditors and provisions CJeditors and provisions a rnISed where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions a nomially recognised at their setuement amount after allowing for any trade discounts due. 1. 12. Taxation In accordance with Paragrdph l of Schedule 6 Finan Att 2010, the Charity Is a charity for tax purposes and is generally exempt from Income Tax and Capital Gains Tax, but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates 19
DRIFFIELD AND DIRI SKATE AND BMX PARK MED Company No: 04736776 Charity No: 1147687 Notes to the Financial Statsments For the year ended 13 Febrnary 2024 Legal Ststus of the Charlty The charity is a company limited by guarantee and has no share capital. The liability of the members is limited. Every member of the Company undertakes to contribute such amount as may I required, not exceeding £1, to the Company s assets if it should be wound up whlle he or she Is a member, or within one year after he or she aSeS to be a member for payment of the Company's debts and liabilibes contwted before he or she ceases to be 3 member and of the costs, tharges and expenses of winding up and for the adjustment of the rights of the contributories among themlves. If the Company is wound up or dissolv&l and after all its debts and liabilities have bn satlsfied there remains any property, it shall not be paid to or distributed amt)ng the memters of the Company l)ut shall be giv or transferred to some other charity or charities having objects Stmilar tn the objects of the Company. Income and Expenditu Account The company is a charty and so athievements cannot be rneasud by norrnal commercial crfterla. Accordingly, the Directors consider that it would be inappropriate to present a Profit and Loss Account in one of the fomats set out by the Companies Att 2006. Therefore, as permitted by the Cotnpanie5 A¢ in order to refl the special nature of the company's activities, the Directors are of the opinion that it would be more appropriate to present an Income and Expenditure Account. 20
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DRIFFIELD AND D15riucr SKATE AND BMX PARK UMrrED Company No: 04736776 Chatity No: 1147687 Notes to the Financial Statements For the year ended 13 February 2024 10. Stsff costs Total 2024 Total 2023 Wages and &ilaries (inc e'ers NI & Pension) Volurteer Expenses 7,568 163 1,299 325 Averdge number of paid staff 2024 Full llme Head5 Equivalent 2023 Full Time Equivalent Heads -Full Tlme -Part Time There are no higher pald staff. 11. Operating surplus Operatlng surplus is stated after charging: 2024 2023 Depreciation - Owned Assets Accounts Fee - Current Year 4,201 427 4,202 209 25
DRIFFIELD AND DlSfRIcf SKATE AND BMX PARK LIMED Company No: 04736776 Charity No: 1147687 Notos to the Financial Ststements For the year ended 13 February 2024 12. Tangible Fixed Assets Land and Buildings Plant and xtures, Machinery FttirKJS and Equipment Total Cost At 14 February 2023 Additions Disposals At 13 FebnRry 2024 174,780 74,125 1,592 250,497 250 497 Depreciation At 14 February 2023 Charge for the year On Disposals At 13 February 2024 64,934 3,496 69,605 705 1,592 136,131 4,201 Net Book Value At 13 February 2024 At 13 February 2023 106 350 110 165 114 366 13. Debto Totsl 2024 Totsl 2023 Debtors Prepayments Accrued Income 26
DRIFFIELD AND DisTricf SKATE AND BMX PARJ( UMITED Company No: 04736776 Chaiity No: 1147687 Notes to the Financial Ststements For the year ended 13 February 2024 14. Creditors Creditors: Amounts falling due within one year Total 2024 Total 2023 Trade Creditors Taxes and Social Security Accruals 299 427 427 209 508 15. Deferred Income (Capitsl) Capital Grants Total 2024 Total 2023 At 14 February 2023 Caprtal Grdnts recelved in year Released in year At 13 February 2024 107,187 110,964 103 410 107 187 16. Accumulated funds Designated Unrestritted Restricte Funds Funds FurKIs Total Balan at 14102123 Movement in furKls for the year Balantr at 13102/24 8,416 950 9,366 27
DRIFFIELD AND DISrFU SKATE AND BMX PARK LIMED Company No: 04736776 Chartty No: 1147687 Notes to the Finanaal Statements For the year ended 13 February 2024 16. Accumulated Funds (Continued) Analysis of net assets between funds Unrestricted Restricted Funds Funds Totsl Tangible Fixed Assets Current Assets Current Liabilities (inc current defeThed income) Non(urrent Liabilities 6,756 5,309 103,410 9,855 110,166 15,164 (427) (427) 103 410 103 410 Restricted Funds Balance as 14102123 Income Expenditure Transfers Balan as 13102124 Subsldlsed Sessiors Coaching Insurance Ramps and Repairs Training VOluntr ExFen5es Equipment Capital 500 10,578 1,080 2,365 (3,148) (780) (2,615) (9,143) {8(K)) (85) {381) 7,935 300 250 200 497 1,500 120 920 75 375 10 950 518 A brief descrfption of the restsicted funds is slK)wn below: Subsidising Sessions Restricted funding was received from J & A Cattle, Hull & East Ridiro Charitable Trust, Warburton's, James Reckitt, Liz & Terry Brdmall, PAG, Tribune Trust and Peter Harrison Foundation for subsidising sessions. Coaching Restricted funding was received from J & A Cattle, James Reckit¢ Liz & Teny Bramall, for coaching sessions. 28
DRIFFIELD AND DIsfRicf SKATE AND BMX PARK LIM Company No: 04736776 aiity No: 1147687 Notes to the Financial Statements For the year ended 13 February 2024 16. Accumulated Funds (Continued) Insurance Restricted funding was received from Hull & East RKding Chartiable Trust, James Reckitt and Liz & Terry Bramall to contribute towards the cost of insuran. Ramps and Repairs Restricted donations were receiv frorn the following to contribute towarts the cost of ramps, ramp repairs and other fixed asSets1ulpment. Funding 2024 2023 PAG Two Ridings Garfield Weston Cornmuted Sums Driffield Town Counal F B LaWn 985 1,058 2,000 3,903 1,500 500 The capital fijnd represents fed assets purchased with restricted fijnding that have not fully depreciated. In accordan with the Incoming Resources policy restricted income relatiThJ to fixed assets is treated as deferred income and released to the Statement of Financial Acttvities over the expected useful Itfe of the asset. 29
DRIFFIELD AND DIsfRJcf SKATE AND BMX PARK LIMrrED Company No: 04736776 Charity No: 1147687 Notes to the Financial Statements For the year ended 13 February 2024 17. Dirertor5 remuneration Remunerdtion paid dlrecuy to directo out of the funds of the company amounted to £1,234. This was paid vla a PAYE STrE. There was no relmbursement of travel and subsisterte expenses amounting to dirthrs in respect of the year. 18. Related Party Transartions During the year the Company had no related party ts3nsactions. 19. Other recognised gains and losses There were no other rwnised gains or losses. 20. Contingencies There were no contingent liabilities which should be disclosed at 13th February 2023. 21. Going Concern Driffield and Dlstiitt Skate and BMX Park generdte income through fee charging and acSSing grnnts, the Trustees consider the Company to be a going conrn for a period of 12 months beyond the date of the Independent Examiners reporL 30