REGISTERED CHARITY NUMBER: 1152842 Choilered Accountants Report of the Trustees and Financial Statements for the Year Ended 31 May 2025 for Rampworld Cardiff Radnor House Greenwood Close Coicjill Gole Business Park Coidiff CF23 8AA BPU Limited Chartered Accountants Radnor House Greenwood Close Cardiff Gate Business Park Cardiff CF23 8AA R9gl&teied to cuiryon Yiolk In iThe UK onc5 iegutoied loi o 10t8 of inve&trrenl busi550¢111IÈS by IfÈ Insii1ul* ol Chaleredhccwn10n1S In Erylond ondvja bpu Choiieipd Accounitsnis 15 o tioaing wrnoof epu Ltd company 3723948 egiSlÈieo Inw0$. A1151 of direct015 lsavoile from Ibè ieoisieiedo1lteokky. business potenlial unleashed
Rampworld Cardiff Contents of the Financial Statements for the Year Ended 31 May 2025 Page Report of the Trustees Independent Examlnerfs Report statement of Financial Activities Balance Sheet Cash Flow Statement Notes to the Cash Flow Statement Notes to the Financial Ststements 8 to 14 Detailed Statement of Financial Activities 15
Rampworld Cardiff Report of the Trustees for the Year Ended 31 May 2025 The trustees present their report with the financial statements of the charity for the year ended 31 May 2025. The trustees have adopted the provisions of 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). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document and deed of trust. Recruitment and appointment of new trustees Election of the trustees The trustees shall be subject to election or re-election every 3 years. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1152842 Principal address Unit B Parc Ty Glas Llanishen Cardiff CF14 5DU Trustees J D Carpenter J T D Shaughnessy M Carpenter D Humphries J Stoneman M Newberry Independent Examiner Nicholas Matthew Toye FCA BPU Limited Chartered Accountants Radnor House Greenwood Close Cardiff Gate Business Park Cardiff CF23 8AA
Rampworld Cardlff Report of the TNstees for the Year Ended 31 May 2025 OBJECTIVES AND ACTIVITIES Objectlves, alms and publlc benoflt The promotion of community participallon in healthy recreation in particular by the provision of an indoor facilily for BMX cycling, scootering, skateboarding and other wheeled and non-wheeled sports. Now that the facility has become established it is the Irustees, intention in the future to further improve the facility ACHIEVEMENT AND PERFORMANCE Revlaw of Progress of the Charlty Rampworldcardiff has continued it's mission of providing a well maintained, safe, indo'or facilily for wheeled action sports. Costs keep rising. Inflation shows no sign of slowing down. We have just signed a new ten year lease, but rent has Increased almost 50%. We have recently added a Tesla Powerwall for brief operational protectlon from powercuts. We have recently made an upgrade lo our foam pit to signitlcantly reduce dust going forwards. Now the new lease is signed we intend on applying for Sport Wales renewable energy grant for solar panels and another Spori Wales Development grant to improve our 'playing surface, FINANCIAL REVIEW Summary flnanclal posltlon The charity recorded a surplus of £94.674 (2024,. surplus £17,981) for the year. Total Incomlng resources for the year was £725,355 (2024: £621.324). There were no donations in the current year. Revlew of flnanclal porformance The surplus in the year is wlthin budget and Income generated from users of the facility is paylng the ongoing costs of the facillty and the further building requirements. Reserves pollcy The charity intends to retain surpluses in order to finance additional aclivlties and to leave a working capital element to maintain the charities facilities and to cover future running costs to ensure continuity. Approved by order of the board of trustees on . by,. and slgned on Its behalf Carpenter - Trusiee
Independent Examiner's Report to the Trustees of Rampworld Cardiff Independent examiner's report to the trustees of Rampworld Cardiff I report to the charity trustees on my examination of the accounts of Rampworld Cardiff (the Trust) for the year ended 31 May 2025. Choitered Accounlants Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charily Commission under Section 145(5)(b) of the Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and conlent of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. Roanor House Greenwood Close Caidill Gole Business Polk Coicjill CF23 8AA 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 proper understanding of the accounts to be reached. Nicholas Matthew Toye FCA BPU Limited Chartered Accountants Date.. Treoisieied ltscoiryon 011 Yrk 1h@ Ins1rtLrte of Chad*iédAccoun1anti In Enolon(J ono vioies. bpu Ch]1181gdAccounlon1S L4 O Iitsding nome tsl BPU LI Conipony Nurnbei 3723948 eg151eied In Woles. i$gi5191gd ove business potential unleashed
Rampworld Cardiff Statement of Financial Activities for the Year Ended 31 May 2025 2025 Unrestricted fund Total funds 2024 Notes INCOME AND ENDOWMENTS FROM Activities for generating funds Interest Received 721,397 3,958 621,324 Total 725,355 621,324 EXPENDITURE ON Costs of generating funds 212,423 179.994 Charitable activities Charitable activities 257,208 267,668 Other resources expended 161050 155681 Total 630,681 603,343 NET INCOME 94,674 17,981 RECONCILIATION OF FUNDS Total funds brought forward 657,492 639,511 TOTAL FUNDS CARRIED FORWARD 752,166 657,492 The notes form part of these financial statements
Rampworld Cardlff Balance Shaot 31 May 2025 2025 Unrestrlctod fund Total funds 2024 Notes FIXED ASSETS Tangible assets 4,134 6,201 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 430,316 35,867 311297 399,183 39,500 221,882 777,480 660,565 CREDITORS Amounts falling due within one year 10 (29,448) (9,274) NET CURRENT ASSETS 748 032 651,291 TOTAL ASSETS LESS CURRENT LIABILITIES 752,166 657,492 NET ASSETS 752,166 657,492 FUNDS Unrestricted funds 12 752.166 657,492 TOTAL FUNDS 752,166 657,492 The fi al statements were approved by the Board of Trustees and authorised for issue on and were slgned on its behalf by: D Carpenter - Trustee The notes form part of Ihese financial statements
Rampworld Cardiff Cash Flow Statement for the Year Ended 31 May 2025 2025 2024 Notes Cash flows from operating activities Cash generated from operations Net cash used in operating activities 89,415 25,170) 89,415 25,170) Cash flows from investing activities Purchase of tangible fixed assets Net cash provided byl{used in) investing activities Change in cash and cash equivalents In the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period 89,415 (25,170) 221,882 247,052 311,297 221,882 The notes form part of these financial statements
Rampworld Cardiff Notes to the Cash Flow Statement for the Year Ended 31 IIAay 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Increase in stocks (I ncrease)/decrease in debtors (Decrease)lincrease in creditors Net cash used in operatlons 94,674 17,981 2,067 (31,133) 3,633 20,174 2,067 (42,497) (3,968) 1,247 89,415 25,170) ANALYSIS OF CHANGES IN NET FUNDS At 116124 Cash flow At 3115125 Net cash Cash at bank and in hand 221,882 89,415 311,297 221,882 89,415 311,297 Total 221,882 89,415 311,297 The notes form part of these financial statements
Rampworld Cardiff Notes to the Financial Statements for the Year Ended 31 May 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Indoor equipment Plant and machinery Motor vehicles 20 % straight line 250/0 Straight line Stocks Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and slow moving items. Taxation The charity is exempt from tax on IÉS charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. continued...
Rampworld Cardiff Notes to the Financial Statements - continued for the Year Ended 31 May 2025 ACTIVITIES FOR GENERATING FUNDS 2025 2024 Admissions, cafe & shop sales 721,397 621,324 CHARITABLE ACTIVITIES COSTS Direct Costs Charitable activities 257,208 TRUSTEES, REMUNERATION AND BENEFITS 2025 2024 Trustee's salary 64,963 60,384 The trustee's salary was paid to Jason Carpenter. This was in recognition that, in addition to the overall management of the charity, he was closely involved in all aspects of the day to day running of the park including managing and covering for staff, carrying out repairs and building the ramps and track. The Charity Commission have consented to the employment of Mr Carpenter and are satisfied that his employment is both necessary and in the best interests of the charity. Trustees, expenses There were no trustees, expenses paid forthe year ended 31 May 2025 nor for the year ended 31 May 2024. STAFF COSTS 2025 2024 Wages and salaries Social security costs Other pension costs 226,739 14,297 14,447 236,461 14,817 16,120 255,483 267,398 The average monthly number of employees during the year was as follows.. 2025 2024 Support staff The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: continued...
Rampworld Cardiff Notes to the Financial Statements - continued for the Year Ended 31 May 2025 STAFF COSTS - continued 2025 2024 £60,001- £70,000 £70,001- £80,000 Key management personnel Total cost paid out by the Charity in relation to key management personnel totalled £72,877 {2024.' £67,461) for the year. COMPARATIVES FOR THE STATEIVIENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWIVIENTS FROM Activities for generating funds 621,324 EXPENDITURE ON Costs of generating funds 179,994 Charitable activities Charitable activities 267,668 other resources expended 155,681 Total 603,343 NET INCOME 17,981 RECONCILIATION OF FUNDS Total funds brought fomard 639,511 TOTAL FUNDS CARRIED FORWARD 657,492 10 continued...
Rampworld Cardiff Notes to the Flnancial Statements - continued for the Year Ended 31 May 2025 TANGIBLE FIXED ASSETS Indoor Plant and equipment machinery Motor vehicles Totals COST At 1 June 2024 and 31 May 2025 113,125 41,837 38,893 193,855 DEPRECIATION At 1 June 2024 Charge for year 113,125 41,837 32,692 2.067 187,654 2,067 At 31 May 2025 113,125 41,837 34.759 189,721 NET BOOK VALUE At 31 May 2025 4,134 At 31 May 2024 6,201 6,201 STOCKS 2025 2024 Finished goods 430,316 399,183 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 other debtors 39,500 continued...
Rampworld Cardiff Notes to the Financial Statements - continued for the Year Ended 31 May 2025 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditors 29,448 9,274 11. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: 2025 2024 Within one year Between one and five years 105,000 30,625 105,000 144,375 135,625 249,375 12. MOVEMENT IN FUNDS Net movement in funds At 3115125 At 116124 Unrestricted funds General fund 657,492 94,674 752,166 TOTAL FUNDS 657,492 94,674 752,166 Net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 725,355 (630,681) 94,674 TOTAL FUNDS 725,355 630,681) 94,674 12 continued...
Rampworld Cardiff Notes to the Financial Statements - continued for the Year Ended 31 May 2025 12. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds At 3115124 At 116123 Unrestricted funds General fund 639,511 17,981 657,492 TOTAL FUNDS 639,511 17,981 657,492 Comparative net movement in funds, included in the above are as follows.. Incoming Resources resources expended Movement in funds Unrestricted funds General fund 621,324 (603,343) 17,981 TOTAL FUNDS 621,324 603,343> 17,981 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 3115125 At 116123 Unrestricted funds General fund 639,511 112,655 752,166 TOTAL FUNDS 639,511 112,655 752,166 13 continued...
Rampworld Cardiff Notes to the Financial Statements - continued for the Year Ended 31 May 2025 12. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 1,346,679 1,234,024 112,655 TOTAL FUNDS 1,346,679 1,234,024 112,655 13. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 May 2025. 14
Rampworld Cardiff Detailed Statement of Financial Activities for the Year Ended 31 May 2025 2025 2024 INCOME AND ENDOWMENTS Activities for generating funds Admissions. cafe & shop sales Interest Received 721,397 3.958 621,324 Total incoming resources 725,355 621,324 EXPENDITURE other trading activities Cafe expenses Shop expenses 41,880 170,543 65,805 114,189 212,423 179,994 Charitable activities Trustees, salaries Wages Social security Pensions Staff training 64,963 161,776 14,297 14,447 60,384 176,077 14,817 16,120 270 257,208 267,668 Other resources expended Rent & service charges Insurance Light & heat Telephone & internet Motor expenses Sundry expenses Legal & professional Payroll services & accountancy Independent examiner's fee Depreciation 124,779 16,229 7,q83 702 1,548 947 118,037 15,622 7,406 718 1,964 796 1,150 2,950 4,971 2,067 2,053 5,542 2,067 161,050 155,681 Total resources expended 630,681 603,343 Net income 17,981 This page does not form part of the statutory financial statements 15