REGISTERED COMPANY NUMBER: 08504871 (England and Wales) REGISTERED CHARITY NUMBER: 1153042
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 April 2024
for
4Motion Darlington
Chrichard & Co 23 Woodland Road Darlington Co. Durham DL3 7BJ
4Motion Darlington
Contents of the Financial Statements for the Year Ended 30 April 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
4Motion Darlington
Report of the Trustees for the Year Ended 30 April 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2024. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote for the benefit of the inhabitants of Darlington and the surrounding areas, the provision of facilities for recreation or other leisure time occupation, in particular but not exclusively roller-skating, scootering, skateboarding and biking, for individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances 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.
To promote such other charitable purposes as the company in its absolute discretion shall from time to time consider can be appropriately carried on in conjunction with the activities carried on pursuant to first object mentioned above.
Public benefit
The charity's aims and achievements are set out within this report. The activities set out in this report have been undertaken to further the charity's charitable purposes for the public benefit. The charity trustees have complied with their duty to have due regard to the guidance published by the Charity Commission on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
4Motion Darlington has now been established for nearly ten years. We provide an indoor skatepark for all and a variety of coaching and development opportunities for children and young people.
Following the difficulties of covid and associated restrictions we continue to rebuild our membership base and are seeing numbers of users returning to pre covid levels
We completed the renewal of the lease in December 2021 meaning we have a new lease that runs until 2030 with prices agreed.
Progression of an internal building has been slow, but after successfully rebuilding some of the street ramps we have now started works on an internal. This will provide a much-needed warm area for all users and spectators of the park. We hope when all works are completed that it will also allow us to offer a wider range of items for sale and to increase our food offer which will benefit users and help with the long-term sustainability of the skatepark.
We are also actively looking for funding to help redevelop the park section of the skatepark and have aspirations of developing a foam pit and resi ramp which provide facilities that are currently not available within the Northeast.
We continue to encourage use of the park with a wide variety of users and groups including home schooling, special needs/behavioural schools, toddlers, and community associations to ensure the skatepark is available to all. As we move forward, we will continue to operate a safe facility and within government guidelines
FINANCIAL REVIEW
Investment policy and objectives
The Charity does not have a policy for the selection of investments or for the selection of those who might receive monetary grants out of the assets of the charity.
Reserves policy
It is the Charity's policy to work towards setting aside, in reserves, an amount equivalent to three months operating costs calculated and reviewed annually.
Funds in deficit
The Charity does not have any funds in deficit.
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4Motion Darlington
Report of the Trustees for the Year Ended 30 April 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
4Motion Darlington welcomes new trustees. The board members themselves take a proactive approach to this, speaking with people they feel would have something to contribute to the Charity at the board level.
Prospective Management Committee members start with the charity as formal attendees/ co-opted members until the Annual General Meeting takes place and they either become Directors/ Trustees or they remain formal attendees/ co-opted members because that fits in with their role and demands on their time.
Organisational structure
The charity has a board of trustees which has overall control and responsibility for policy and all major decisions. All members of the board are directors and trustees.
Induction and training of new trustees
As part of their induction, new board members are familiarised with the charities objectives and activities together with the accounts and workings of the charity. Each new board member is provided with a copy of the Memorandum and Articles of Association and relevant information provided by the charity commission regarding Trustees Duties.
New members will be invited to look around the skate park and meet the staff and volunteers from various work streams. They will be invited to other internal and external opportunities where they can improve the knowledge, skills and understandings relevant to the voluntary work they do for the Charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08504871 (England and Wales)
Registered Charity number
1153042
Registered office
9 Clare Avenue Darlington Co. Durham DL3 8SJ
Trustees
N R Leeming D Woodcock C P Tervit P E Gwyther
Independent Examiner
Chrichard & Co 23 Woodland Road Darlington Co. Durham DL3 7BJ
Approved by order of the board of trustees on 25 September 2024 and signed on its behalf by:
N R Leeming - Trustee
Page 2
Independent Examiner's Report to the Trustees of 4Motion Darlington
Independent examiner's report to the trustees of 4Motion Darlington ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent 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 I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
M Chrichard FCCA
Chrichard & Co 23 Woodland Road Darlington Co. Durham DL3 7BJ
25 September 2024
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4Motion Darlington
Statement of Financial Activities for the Year Ended 30 April 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2,144 Charitable activities General funds 300,609 Other trading activities 2 43,867 Total 346,620 EXPENDITURE ON Charitable activities General funds 316,975 NET INCOME 29,645 RECONCILIATION OF FUNDS Total funds brought forward 114,102 TOTAL FUNDS CARRIED FORWARD 143,747 |
2023 Total funds £ 1,901 232,148 33,643 |
|---|---|
| 267,692 | |
| 257,253 | |
| 10,439 103,663 |
|
| 114,102 |
The notes form part of these financial statements
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4Motion Darlington
Balance Sheet 30 April 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 77,879 CURRENT ASSETS Stocks 7 9,248 Debtors 8 16,689 Cash at bank and in hand 67,241 93,178 CREDITORS Amounts falling due within one year 9 (15,557) NET CURRENT ASSETS 77,621 TOTAL ASSETS LESS CURRENT LIABILITIES 155,500 CREDITORS Amounts falling due after more than one year 10 (11,753) NET ASSETS 143,747 FUNDS 12 Unrestricted funds 143,747 TOTAL FUNDS 143,747 |
2023 Total funds £ 66,266 9,248 16,698 57,826 83,772 (16,072) 67,700 133,966 (19,864) 114,102 114,102 114,102 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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continued...
4Motion Darlington
Balance Sheet - continued 30 April 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25 September 2024 and were signed on its behalf by:
N R Leeming - Trustee
The notes form part of these financial statements
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4Motion Darlington
Notes to the Financial Statements for the Year Ended 30 April 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
Plant and machinery - 15% on reducing balance Fixtures and fittings - 20% on reducing balance
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 corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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4Motion Darlington
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Shop income food and drink | 43,867 | 33,643 |
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 19,059 | 16,203 |
| Rent | 56,474 | 50,848 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2024 | 2023 | |
|---|---|---|
| Coaching and park management | 9 | 10 |
No employees received emoluments in excess of £60,000.
6. TANGIBLE FIXED ASSETS
| COST At 1 May 2023 Additions At 30 April 2024 DEPRECIATION At 1 May 2023 Charge for year At 30 April 2024 NET BOOK VALUE At 30 April 2024 At 30 April 2023 |
Plant and machinery £ 10,627 712 11,339 4,749 989 5,738 5,601 5,878 |
Fixtures and fittings £ 177,823 29,467 207,290 117,435 17,971 135,406 71,884 60,388 |
Computer equipment £ - 493 493 - 99 99 394 - |
Totals £ 188,450 30,672 |
|---|---|---|---|---|
| 219,122 | ||||
| 122,184 19,059 |
||||
| 141,243 | ||||
| 77,879 | ||||
| 66,266 |
continued...
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4Motion Darlington
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
| 7. STOCKS Stocks 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors VAT Prepayments 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other loans (see note 11) Trade creditors Social security and other taxes Other creditors Accrued expenses 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other loans (see note 11) 11. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Other loans Amounts falling between one and two years: Other loans - 1-2 years Amounts falling due between two and five years: Other loans - 2-5 years |
2024 £ 9,248 2024 £ 2,486 23 14,180 16,689 2024 £ 8,000 4,133 1,139 579 1,706 15,557 2024 £ 11,753 2024 £ 8,000 8,000 3,753 |
2023 £ 9,248 2023 £ 3,624 617 12,457 |
2023 £ 9,248 |
|---|---|---|---|
| 16,698 | |||
| 2023 £ 7,890 4,802 1,223 457 1,700 |
|||
| 16,072 | |||
| 2023 £ 19,864 |
|||
| 2023 £ 7,890 |
|||
| 7,890 | |||
| 11,974 |
continued...
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4Motion Darlington
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
12. MOVEMENT IN FUNDS
| At 1.5.23 £ Unrestricted funds General fund 114,102 TOTAL FUNDS 114,102 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 346,620 TOTAL FUNDS 346,620 Comparatives for movement in funds At 1.5.22 £ Unrestricted funds General fund 103,663 TOTAL FUNDS 103,663 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 267,692 TOTAL FUNDS 267,692 |
Net movement At in funds 30.4.24 £ £ 29,645 143,747 29,645 143,747 Resources Movement expended in funds £ £ (316,975) 29,645 (316,975) 29,645 Net movement At in funds 30.4.23 £ £ 10,439 114,102 10,439 114,102 Resources Movement expended in funds £ £ (257,253) 10,439 (257,253) 10,439 |
|---|---|
continued...
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4Motion Darlington
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.5.22 £ 103,663 103,663 |
Net movement in funds £ 40,084 40,084 |
At 30.4.24 £ 143,747 |
|---|---|---|---|
| 143,747 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 614,312 614,312 |
Resources Movement expended in funds £ £ (574,228) 40,084 (574,228) 40,084 |
Resources Movement expended in funds £ £ (574,228) 40,084 (574,228) 40,084 |
|---|---|---|---|
| 40,084 |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2024.
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4Motion Darlington
Detailed Statement of Financial Activities for the Year Ended 30 April 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Shop income food and drink Charitable activities Skate park entry fees Grant Goods for resale Equipment hire Total incoming resources EXPENDITURE Charitable activities Wages Pensions Rent Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Sundries Catering Training Motor expenses Repairs and renewals Licences and subscriptions Equipment purchases Legal and professional fees Plant and machinery Fixtures and fittings Computer equipment Bank interest Loan interest Support costs Governance costs Accountancy and legal fees |
2024 £ 2,144 43,867 210,653 9,913 61,101 18,942 300,609 346,620 121,383 2,088 56,474 2,410 5,935 10,977 860 167 4,300 5,765 28,905 183 445 17,575 68 35,181 - 989 17,971 99 2,697 591 315,063 1,912 |
2023 £ 1,901 33,643 208,830 - 23,318 - |
|---|---|---|
| 232,148 | ||
| 267,692 106,171 1,577 50,848 2,990 4,221 11,137 622 784 110 3,305 24,055 200 86 9,822 35 17,945 2,200 1,106 15,097 - 1,930 891 |
||
| 255,132 2,121 |
This page does not form part of the statutory financial statements
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4Motion Darlington
| Detailed Statement of Financial Activities for the Year Ended 30 April 2024 Total resources expended Net income |
2024 £ 316,975 29,645 |
2023 £ |
|---|---|---|
| 257,253 | ||
| 10,439 |
This page does not form part of the statutory financial statements
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