Charity Registration No. 1159288 ASYLUM ACADEMY FOR LXTREME SPORTS IACESI TRUSTEES REPORT AND UNAUtwrED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2023
ASYLUM ACADEMY FOR EXTREME SPORTS (ACES LEGAL AND ADMINISTRATIVE INFORMATION Truytees Mr M J Hobbs MrAJ Buchanan Mr S R Whartc.HoW¢tI Charfty nwnber 115¥28 Princlpal address 9Mingttsn l¥ti Ajfreton Derbyshire DESS 18D Indèpendent •xamln•r Slopfords (Mansfield) Limited Synergy House 7Ac(Mn Business Park Commerual Gate Mansfiebj Nottinghamshire NG18 1EX
ASYLUM ACADEMY FOR EXTREME SPORTS {ACES) CONTENTS Page Trustees report Independent exarninerfs rewl Statement of finanuat aCt1MtS Balance sheet Notes lo Ihe accounts
ASYLUM ACADEMY FOR EXTREME SPORTS (ACES TRUSTEES REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 The trustees present their rep)rt and acctyjnls lorlhe year ended 30 NobEmtr 2023. The accwnls have been prepa in accordance wrfh the accounting rKsries set out in note 1 to Ihe alnts and comply with the chariWs Igoveming documenll. the Charities Ad 2011 and the Slaternenl of Recommended Practice. "Accounb'ng afftl Reporb"ng by Charities-. issued in Maith 2005. StnJ¢ture govemance and management Th& charity was Èstatrltshed by a tharbtable trust deed on 20 November 2014. The Iruslee5 who served during the year were: Mr M J Hobbs MrA J Buchanan Mr S R Wharton-Howett Power to appoint aThJ [0Ve Itustees rests with the 1rustees in general ffting. Trustee5 are elecled by word of mouth. The trustees have overal responsibilty for the tharity, and Ol&Er the exisiknr@ employees. Mr Jack Pl(wman in in ¢onlrol on a day to day level and is sts thÈ main manager for Ihe path. He supervises other wpbyees. The Iruslees has assessed the major iisks lo whth the charity is 8XPOS8d. and are satisffied Ihat systems arè in place to mitigale exposure to the major risks. ObJeetFvès and ¥ctiviiies The ¢hartty's objeclives are 1. To prornole comfflunty parttcipation in healthy reueatitin by thÈ r0vIsion of faulties for taking part in skateboarding, BMX. inline skaling and scootèr riding. 2021 saw Ihe introdu¢tion of a bouldering wall to in¢ase thè atttimties offered. To relieve the poveity of y(Amg peopk the Ashfield Disirid and surrryjnding areas by prowding opportunities forthem to partpate In althY rec¥eational acts¥11 Ihat they coukj not otherwise affryd. The poliixes are adopted in furtherance of these obieclbves are to keep pites for enlry to the skatepark as low as they can be be with regard to the cosls of provrding the fAles. To promotè Ihe skatepark lo all intèrested parties. induding those with disabih'tiès. and to promtstè skatèpark lo all people, t1 espeLi#lly to young people as a way of keepin9 fit heatthy. especialky in Ihe ch.male of chld and adult obe5ty. There has been no change in these during the year. The Iruslees have paJ due regard lo guidance issued by the Charity cCmi*s1on in decidiNJ what activities the charity should undertake. The activitie5 of the charity has been that of pro¥idin9 a purpose buitt skatepark for the local and surrounding 8rea. The skatepart caters for skateboarders, BMX nders. Inlrne skating and riding for all ages and a"ll11es.
ASYLUM ACADEMY FOR EXTREME SPORTS {ACES) TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEAfBER 2023 Aehievements and pgrfomian¢e Thgie has been an increase in paCIpalS Ihroughwt the year. both in the skatepath and in bwldering, ong5ide continued attendance from rÈgular customers who participate at ast On a week. The skatepark has become a British Cycling ac£redrtéd farility and Freestyle BMX Team GB meMrS are using the skatepark lo train on the run up 19 the Patis OtyrnFrfCS. whth shwld atitad more newcomers, Èspèckally rf thèy win mèdals again. Financial rnview The charity has incurred exGess expendrture over in0)ff of£1.593 this year and this has been transferred to the general unrestricted reserve accounL Incomè tax rÉcover¥tAe in relatton to donations [ENe{l urKler GiftAMJ or deeds of c4)venant 15 recogni5ed at the time of Ihe receipt from HMRC. On behaifof thè board of trlIeeS Mr S R Wharton-Howett Iruslee
ASYLUM ACADEMY FOR EXTREME SPORTS (ACES)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ASYLUM ACADEMY FOR EXTREME SPORTS (ACES)
I rèport on the a
ASYLUM ACADEMY FOR EXTREME SPORTS {ACES) STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEAIBER 2023 2023 2022 Incomin resourc•s from Donations and legacAes Investment income nerated funds 9,028 174 174 350.410 9,050 334,534 Incoming resources frtyn ¢hatitable a¢bvities Totsl Incoming rg8ource5 350,584 343.584 sources ex end•d Charitable activities Skate park & hrre of equipment 252,199 206.474 149.412 138,703 Totsl res¢)ur¢es expend8d 401.611 345,177 N¢t expendlture for Net movement in funds 151.0271 {1,5931 Fund balances al 1 Demét 2022 200.945 202.538 Fund balances at 30 Nov•mb•r 2023 149,918 200,945
ASYLUM ACADEMY FOR EXTREME SPORTS (ACES) BALANCE SHEET AS A T 30 NOVEMBER 2023 2023 2(Y22 Fixed assgts Tan9ible assets 186J78 217,761 Curr¢nt a$sets Stocks Cash al bank and in hand 23.939 29.302 26,739 31.102 Creditors: arnounts falllng du• within one year (41.738) 126.45D Net current Iliabilitiesyassets 114.9991 4.645 Totsl 8$$ots lès$ ¢urrent liabi&lie¥ 171.379 222.406 CrBditors: amounts falling due after more than one yoar 10 121.4611 121.4611 Not a$$gts 149.918 200,945 Income funds Unreslrided funds 149.918 200.S45 149.918 21X).945 The accounts were approved by the Ttee5 on 9 Odobet 2024 Mr M J Hobbs tTU5tee MrAJ Buethanan thi$ts•
ASYLUM ACADEMY FOR EXTREME SPORTS (ACES) NOTESTO THEACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2023 A¢¢ounting policies 1.1 Basis ol preparatton The accounts have prepared under Ihe histor*cal cost conventhon. The acccmjnts have been prepared in cOrdan wilh apph'cabbB aJUng standards, the Stalernent of Recommended Prad1. "Accc4Jnkng and Rqiortiny by Charities". i55ued in March 20D5 and Ihe Charities Act 2011. 1.2 Tangible fixed assets and dèprtclatitin Tangible fixed gsseis are stated at cost less deptelyalion. Oepreoation is provided at rates eAlculatÈd to write off thg cost le55 estirnaled resmlual valuè of eath asset ONEr its expected Usef Sf¢, as follws.. Plant and machinery Fixtu$, fjttings & equipment straighl ne 25% reduLYThJ baance 1.3 Stock St(k is Waed al the loweT of c05t and net reaksable wdlue. Donations and lègacies Total 2023 Total 2022 Donations and gifts 9.028 Investment Incom• 2023 2022 Inte$1 receivable 174 Incomlng resour¢•s frryn charitable actlvities 2023 2022 Skate park fees 350,410 334.534
ASYLUM ACADEMY FOR EXTREME SPORTS IACES) NOTES TO THE ACCOUNTS (cOlNUED) FOR THE YEAR ENDED 30 NOVEAIBER 2023 Total resources expend•d 2023 2022 Charitable aVItIeS Aclivthes undertaken dlrectty 252.199 206,474 Govemance costs 149A12 138.703 401.611 345.177 GovemarKe cosis ilKJeS payments to the examinèrs of £86412021 £8641 eXaMinatn fees. Nonè ot the trustÈes {or any per5 0)nnected thern} recwed any elatiOn or reimbursement cluring the year. Employees Numb•r of èmployÈ The average rnonthty number of ¢mpby8e$ during th$ yearwas". 2023 Number 2022 Number Charitable acti The We nv empluyees whose annual reMurwatW was £eO.¢XKJ or more.
ASYLUM ACADEMY FOR EXTREME SPORTS (ACES) NOTES TO THE ACCOUNTS {coKfiNUED) FOR THE YEAR ENDED 30 NOVEMBER 2023 Tangibk fixed assets Plant and fixturès. machinery fittings & equipn*nt Totsl Cost Al 1 OecembeT 2022 Additions 292.650 20.827 181 313,477 181 At 30 NOveMr 2023 292.650 21,008 313,658 Depreclatitin Al 1 December 2022 Charge for the year 83.680 29.265 12.058 2,297 95,718 31.582 At 30 Novèmbèr 2023 112.925 14,355 127,280 Net book value At 30 November2023 179.725 6.653 186,378 At 30 NovÉmber 2022 208,990 8,771 217,761 CTedltors: amounts lallng duè wilhln onè year 2023 2022 Bank loans Taxes and soaal seojrity costs Accruals 5,030 14792 21,916 19.157 41.738 26.457 10 Creditor5: amounts falllng due aftgr more Ihan year 2023 2022 Bank loans 21.461 21.461 Analysis of loans Wholly repayable within five years Included in ojrrent liabilrties 26.491 {5.D301 28.761 17.3001 21.461 21,461