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← Skaterham

2023-09-30-accounts

Charity registration number 1150440

Company registration number 8185568 (England and Wales)

SKATERHAM

CR3 YOUTH PROJECT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

SKATERHAM CR3 YOUTH PROJECT LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Tim Rolfe Marilyn Payne Miriam Dance Secretary Marilyn Payne Charity number 1150440 Company number 8185568 Principal address The Chapel Guards Avenue Caterham Surrey CR3 5XL Registered office The Chapel Guards Avenue Caterham Surrey CR3 5XL Independent examiner Bruce Chapman BSc FCA CTA and accountant Roger Lugg & Co 12 - 14 High Street Caterham Surrey CR3 5UA Subsidiary accountant Simon Nunn 2 Guards Avenue Caterham Surrey CR3 5XL

SKATERHAM CR3 YOUTH PROJECT CONTENTS

Page
Trustees' report 1 - 8
Independent examiner's report 9
Statement of financial activities 10
Statement of financial position 11
Notes to the financial statements 12 - 22

SKATERHAM CR3 YOUTH PROJECT TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2023

The trustees present their annual report and financial statements for the year ended 30 September 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of incorporation dated 20th August 2012, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

The company is limited by guarantee and is a registered charity (no. 1150440) with principal address The Chapel, Guards Avenue, Caterham, Surrey. CR3 5XL.

Objectives and activities

The charity's objects are to further or benefit the residents of Caterham and the surrounding area without distinction of gender, race, political opinions and/or religious beliefs, associating together the said residents and the local authorities, voluntary and other organisations in a common effort to provide facilities in the interests of social welfare for recreational pursuits with the object of improving conditions of life for the residents. Pursuant to these objectives the trustees shall have the power to establish, or secure the establishment of a community facility and to maintain or manage or co-operate with any private or statutory authority in the maintenance and management of such a centre for activities promoted by the charity for the public at large and/or those who, by reasons of their youth, age, infirmity or disablement, poverty or social and economic circumstances, have need for such facilities. To advance heritage through preserving for public benefit the historical, architectural and constructional heritage that exists in and around the Chapel at Caterham Barracks.

On becoming a Charity the Trustees and manager of the park were required to read the guidance on public benefit issued by the Charity Commission to ensure that our object met the requirements necessary to become a charitable organisation.

All trustees have agreed that the main activities of the Skatepark meet that requirement:

We are grateful to a number of dedicated volunteers who have contributed their time, some since we started 24 years ago, and others who have recently offered their help, with maintenance, cleaning, Café duties and gardening. Their help makes an enormous difference to the goodwill and running of the project.

SKATERHAM CR3 YOUTH PROJECT TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

Achievements and performance

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We started in 1999 and now 24 years later Skaterham is as popular as ever. We have never advertised yet new members are joining each week and parties are booked months in advance. Skaterhams management committee and staff are proud to be a part of such a brilliant youth facility and look forward to many more years to come. As always our first event of the year was of course Halloween ………………………….

OCTOBER.......Halloween.....

What a great Halloween we had. Our home was transformed by an army of volunteers into a creepy church and despite the torrential rain, we had 150 people brave enough to do the scary walk through all dressed up in their scariest costumes

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SKATERHAM CR3 YOUTH PROJECT TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

DECEMBER 22

Our Christmas schedule, as follows, was packed with activities and extra days to keep our members busy. Our coaching Camps are very popular and sell out in hours.

Saturday 23rd – Open as normal 9-3pm

Saturday 23rd Under 11’s Xmas Party 6-8pm 12+ Xmas Party 8-10pm

Games, Giveaways, activities and a Burger or Veggie Burger – £5 entry and wear your favorite Christmas outfit

Sunday 24th – Private hire available

Monday 25th and Tuesday 26th – CLOSED

Wednesday 27th – VIP Day 11-4pm – Cost £25. Includes lunch, unlimited drinks, games, activities and take home an EXCLUSIVE BLACK AND GOLD T-SHIRT

Wednesday 27th as normal for the 8 & Under session 4.30-6.30pm

Thursday 28th – Scooter Camp for Beginners 11-4pm Friday 29th – Scooter Camp for Intermediates 11-4pm

Join world class coaches Terry Price and David Shaw for this all day activity to improve your scoot skills £25. Bring a packed lunch

Moving forward to Summer: We joined in with a stall at the Caterham Carnival and Pumafest and we took our scooby machine to the Caterham Street party. We had a ride and bounce Scooter Jam in July and events during August were again all sold out.

WHAT A SUMMER- our new activity sessions were a HUGE HIT with parents and kids! We welcomed over 200 kids who tried new activities such as slack-line, table tennis and art. We also cooked everyone of them a meal

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SKATERHAM CR3 YOUTH PROJECT TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

Table Tennis & Ramp Building

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Hungry members

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SKATERHAM CR3 YOUTH PROJECT TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

A new addition to the Garden area –

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CR3 Youth Project Ltd

This is our subsidiary and has two streams of income raising funds for Skaterham

1. Hire of the Skatepark for private parties and groups: The venue is hired out typically for birthday parties whenever the park is not open to the public. It is a very popular venue the diary booked sometimes months in advance

2. The Skaterham Shop : Selling Skaterham Merchandise, scooters, skateboards and accessories it is opened on request and run by Junior staff, with training from Adult staff.

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SKATERHAM CR3 YOUTH PROJECT TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

Looking after the Chapel

The Chapel is a Grade II listed building with great historical importance to Caterham being the former Caterham Army Barracks, Queens Guards Chapel. As occupants of the building we are tasked with looking after it and to this end we make the necessary repairs and renewals. We also organise gardening weekends with a team of volunteers to keep the gardens looking good.

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Financial review

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level as high as possible to allow for reductions in grant funding and donations and to pay for future repairs and improvements to the park. The trustees regularly assess whether reserves held are excessive for that purpose and if so they will ensure that funds are designated for a specific use or used in line with their charitable objects. At 30 September 2023 unrestricted funds stood at £58,206 (2022 £52,456).

Skaterham generated funds

Funds generated from our main activities came to £89,500 with private parties bringing in £33,000 and door income at £32,500. Cafe and shop sales brought in £14,750. In-house fundraising from events, games machine, skate and scoot camps raised a further £9,100.

Restricted funding

Applications for funding were once again applied for by our Manager Darren Barnes.

SKATERHAM CR3 YOUTH PROJECT TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

Unrestricted funding

Once again we are grateful to a number of organisations and people who support us without specifying use of the grant or donation

CR3 Youth Project Ltd

Our subsidiary has two streams of income which together raised funds for the charity of £31,953

  1. Hire of the Skatepark for private parties and groups

  2. The Skaterham Shop

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Major risk management training and procedures:

Plans for future periods

Over the past 24 years Skaterham has evolved to what it is today. To keep inline with current trends we consult with our members, volunteers and staff on a regular basis. For the year to come we are planning more of the very popular scooter and skateboard coaching sessions run during school holidays. A new section in the garden will have monkey pull up and parallel fitness bars and as always our entire park is maintained to the highest level.

Structure, governance and management

The charity is a company limited by guarantee governed by its Articles of Association dated 20 August 2012.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Tim Rolfe

Marilyn Payne

Miriam Dance

Trustees are appointed by existing Trustees. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. Trustees are trained in the following policies and procedures:

SKATERHAM CR3 YOUTH PROJECT TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

The trustees' report was approved by the Board of Trustees.

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.............................. .............................. Marilyn Payne Tim Rolfe Trustee Trustee 28/06/2024 Date: .............................................

SKATERHAM CR3 YOUTH PROJECT INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF SKATERHAM

I report to the trustees on my examination of the financial statements of Skaterham (the charity) for the year ended 30 September 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Bruce Chapman BSc FCA CTA

Roger Lugg & Co 12 - 14 High Street Caterham Surrey CR3 5UA

Dated: .........................

SKATERHAM CR3 YOUTH PROJECT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income and endowments from:
Donations and legacies
3
37,265
1,000
Charitable activities
4
32,478
-
Other trading activities
5
48,067
-
Investments
6
356
-
Other income
7
90
-
Total income
118,256
1,000
Expenditure on:
Raising funds
8
25,215
-
Charitable activities
9
87,291
13,871
Total expenditure
112,506
13,871
Net income/(expenditure) and
movement in funds
5,750
(12,871)
Reconciliation of funds:
Fund balances at 1 October
2022
52,456
20,377
Fund balances at 30
September 2023
58,206
7,506		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
38,265
52,164
10,000
32,478
32,308
-
48,067
49,775
-
356
7
-
90
-
-
119,256
134,254
10,000
25,215
26,828
-
101,162
99,256
5,631
126,377
126,084
5,631
(7,121)
8,170
4,369
72,833
44,286
16,008
65,712
52,456
20,377		 Total
2022
£
62,164
32,308
49,775
7
-
144,254
26,828
104,887
131,715
12,539
60,294
72,833

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

SKATERHAM CR3 YOUTH PROJECT STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2023

Notes
Fixed assets
Property, plant and equipment
14
Investments
15
Current assets
Inventories
16
Trade and other receivables
17
Cash at bank and in hand
Current liabilities
18
Net current assets
Total assets less current liabilities
Net assets excluding pension liability
The funds of the charity
Restricted income funds
20
Unrestricted funds
21		 2023
£
1,343
16,338
33,617
51,298
(9,264)		 £
23,677
1
23,678
42,034
65,712
65,712
7,506
58,206
65,712		 2022
£
1,427
26,827
30,246
58,500
(7,238)		 £
21,570
1
21,571
51,262
72,833
72,833
20,377
52,456
72,833

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on .........................

..............................

Marilyn Payne

Trustee

Company registration number 8185568 (England and Wales)

SKATERHAM CR3 YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

1 Accounting policies

Charity information

Skaterham is a private company limited by guarantee incorporated in England and Wales. The registered office is The Chapel, Guards Avenue, Caterham, Surrey, CR3 5XL.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's memorandum and articles of association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

Income from grants, donations, charitable activities and fund raising is recognised when the charity has unconditional entitlement to the resources.

The value of services from volunteers cannot be reliably measured, so no income and expenditure is shown in relation to this.

1.5 Resources expended

Expenditure is recognised as soon as there is a legal and constructive obligation committing the charity to pay out the resources.

All support costs are allocated to the main charitable activity, so no apportionment is required.

SKATERHAM CR3 YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

1 Accounting policies

(Continued)

1.6 Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings 5% straight line Skatepark equipment 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Non-current investments

The fixed asset investment in the subsidiary is measured at cost.

1.8 Impairment of non-current assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Inventories

Inventories are stated at the lower of cost and net realisable value. Stocks comprise food for catering and resale.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

SKATERHAM CR3 YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

1 Accounting policies

(Continued)

1.14 Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

SKATERHAM CR3 YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

3 Donations, gifts and grants

Unrestricted
Restricted
funds
funds
£
£
Donations and gifts
37,265
-
Grants
-
1,000
37,265
1,000
For the year ended 30 September 2022
52,164
10,000
Donations and gifts
Unrestricted
Other donations and gifts
Donation from subsidiary
Grants receivable for core activities
UF Government grant income
Restricted
Big Lottery Fund - Awards for all
Tesco - Groundwork UK
Other grants		 Total
2023
£
37,265
1,000
38,265
5,312
31,953
37,265
-
-
1,500
(500)
1,000		 Total
2022
£
51,971
10,193
62,164
62,164
12,350
39,621
51,971
193
9,750
-
250
10,193

The £500 represents donations incorrectly treated as restricted in earlier years which have been moved to unrestricted funds.

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Skatepark entrance
Door income 32,478 32,308

SKATERHAM CR3 YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

5 Other trading activities

2023 2022
£ £
Fundraising events 16,991 21,394
Cafe/Tuckshop sales 29,094 26,244
Games and vending machines 1,982 2,137
48,067 49,775
6 Income from investments
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Interest receivable 356 7
7 Other income
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Net gain on disposal of tangible fixed assets 90 -

SKATERHAM CR3 YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

8 Raising funds

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Fundraising: costs of goods sold
Cafe/Tuck and kitchen purchases 22,949 25,236
Support costs 2,266 1,592
Fundraising: costs of goods sold 25,215 26,828
25,215 26,828
Charitable activities
2023 2022
£ £
Staff costs 53,520 54,027
Depreciation and impairment 4,689 3,155
Activities undertaken directly
Rent and rates 624 514
Insurance 15,066 14,416
Light and heat 587 640
Repairs and renewals 6,377 17,979
Cleaning 3,443 3,231
Chapel expenses 2,371 3,557
Telephone 878 696
Support costs
Activities expenses 3,237 1,687
Postage, stationery and travel 1,173 661
Computer costs 420 143
Legal fees 13 13
Marketing 855 429
Bank charges 25 2
Subscriptions 166 843
Sundry 1,271 1,362
Governance costs
Accountancy and independent examination 1,445 1,532
101,162 104,887

9 Charitable activities

SKATERHAM CR3 YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

10 Net movement in funds 2023 2022
£ £
The net movement in funds is stated after charging/(crediting):
Depreciation of owned property, plant and equipment 4,689 3,155
Profit on disposal of property, plant and equipment (90) -

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year.

12 Employees

Number of employees

The average monthly number of employees during the year was:

2023 2022
Number Number
Manager 1 1
Park assistants 3 2
4 3
Employment costs 2023 2022
£ £
Wages and salaries 52,428 52,551
Social security costs - 490
Other pension costs 1,092 986
53,520 54,027

The aggregate remuneration of key management personnel in the year was £40,365.

There were no employees whose annual remuneration was £60,000 or more.

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

SKATERHAM CR3 YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2023

14
Property, plant and equipment
Land and
buildings
Skatepark
equipment
£
£
Cost
At 1 October 2022
36,000
29,063
Additions
-
6,797
At 30 September 2023
36,000
35,860
Depreciation and impairment
At 1 October 2022
18,000
25,494
Depreciation charged in the year
1,800
2,889
At 30 September 2023
19,800
28,383
Carrying amount
At 30 September 2023
16,200
7,477
At 30 September 2022
18,000
3,570		 Total
£
65,063
6,797
71,860
43,494
4,689
48,183
23,677
21,570

SKATERHAM CR3 YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

15 Fixed asset investments

Cost or valuation
At 1 October 2022 & 30 September 2023
Carrying amount
At 30 September 2023
At 30 September 2022
Other investments comprise:
Notes
Investments in subsidiaries
24
16
Inventories
Stock of consumables
17
Trade and other receivables
Amounts falling due within one year:
Trade receivables
Amounts owed by subsidiary undertakings
Other receivables
Prepayments and accrued income
18
Current liabilities
Other taxation and social security
Trade payables
Accruals and deferred income		 Other
investments
1
1
1
2023
2022
£
£
1
1
2023
2022
£
£
1,343
1,427
2023
2022
£
£
(51)
(1,278)
12,725
23,285
520
1,700
3,144
3,120
16,338
26,827
2023
2022
£
£
785
808
7,034
5,090
1,445
1,340
9,264
7,238

SKATERHAM CR3 YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

19 Retirement benefit schemes
2023 2022
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 1,092 986

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

20 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds
Balance at Grant Expenditure Balance at
1 October 2022 30 September
2023
£ £ £ £
Caterham Rotary/Roundtable 5,544 - - 5,544
Big Lottery Community Fund - Back on the ramps 2 - (2) -
Sport England - emergency fund 5,000 - (5,000) -
Lotto Community Fund 6,031 - (6,031) -
John Cowan Foundation 3,800 (500) (1,338) 1,962
Tesco Groundworks Fund - 1,500 (1,500) -
20,377 1,000 (13,871) 7,506

21 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
General funds
Previous year:
At 1
General funds		 October
2022
Incoming
resources
Resources
expended
At 30
September
2023
£
£
£
£
52,456
118,256
(112,506)
58,206
October
2021
Incoming
resources
Resources
expended
At 30
September
2022
£
£
£
£
44,286
134,254
(126,084)
52,456

SKATERHAM CR3 YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

22 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2023
2023
£
£
At 30 September 2023:
Property, plant and equipment
23,677
-
Investments
1
-
Current assets/(liabilities)
34,528
7,506
58,206
7,506
Unrestricted
Restricted
funds
funds
2022
2022
£
£
At 30 September 2022:
Property, plant and equipment
21,570
-
Investments
1
-
Current assets/(liabilities)
30,885
20,377
52,456
20,377		 Total
2023
£
23,677
1
42,034
65,712
Total
2022
£
21,570
1
51,262
72,833

23 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

24 Subsidiaries

These financial statements are separate charity financial statements for Skaterham.

Separate company financial statements are required to be prepared by law. Consolidated financial statements for the group are not prepared.

Details of the charity's subsidiaries at 30 September 2023 are as follows:

Name of undertaking Registered Nature of business Class of % Held
office shares held Direct Indirect
CR3 Youth Project Limited UK Skatepark Ordinary 100.00

The investment in the subsidiary is stated at cost.

CR3 Youth Project Limited is the trading subsidiary of Skaterham with turnover consisting of income from private bookings and the Skaterham shop sales. The subsidiary donates its income for the year to the charity (2023 £31,953; 2022 £39,621)