**Charity Registration No. 1159288**
**ASYLUM ACADEMY FOR EXTREME SPORTS (ACES) TRUSTEES REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2024**
## **ASYLUM ACADEMY FOR EXTREME SPORTS (ACES)**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr M J Hobbs Mr A J Buchanan Mr S R Wharton-Howett **Charity number** 1159288 **Principal address** 9 Arlington Drive Swanwick Alfreton Derbyshire DE55 1BD **Independent examiner** Stopfords (Mansfield) Limited Synergy House 7 Acorn Business Park Commercial Gate Mansfield Nottinghamshire NG18 1EX
## **ASYLUM ACADEMY FOR EXTREME SPORTS (ACES)**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the accounts|6 - 8|
## **ASYLUM ACADEMY FOR EXTREME SPORTS (ACES)**
## **TRUSTEES REPORT** _**FOR THE YEAR ENDED 30 NOVEMBER 2024**_
The trustees present their report and accounts for the year ended 30 November 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the the Charities Act 2011 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 published in October 2019.
## **Structure, governance and management**
The charity was established by a charitable trust deed on 20 November 2014.
The trustees who served during the year were: Mr M J Hobbs Mr A J Buchanan Mr S R Wharton-Howett
Power to appoint and remove trustees rests with the trustees in general meeting. Trustees are elected by word of mouth.
The trustees have overall responsibility for the charity, and over the existing employees. Mr Jack Plowman is in control on a day to day level and is also the main manager for the park. He supervises the other employees. The trustees has 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.
## **Objectives and activities**
The charity's objectives are
1. To promote community participation in healthy recreation by the provision of facilities for taking part in skateboarding, BMX, inline skating and scooter riding. 2021 saw the introduction of a bouldering wall to increase the activities offered.
2. To relieve the poverty of young people in the Ashfield District and surrounding areas by providing opportunities for them to participate in healthy recreational activities that they could not otherwise afford.
The policies are adopted in furtherance of these objectives are to keep prices for entry to the skatepark as low as they can be be with regard to the costs of providing the facilities. To promote the skatepark to all interested parties, including those with disabilities, and to promote the skatepark to all people, but especially to young people as a way of keeping fit and healthy, especially in the current climate of child and adult obesity.
There has been no change in these during the year.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The activities of the charity has been that of providing a purpose built skatepark for the local and surrounding area. The skatepark caters for skateboarders, BMX riders, inline skating and scooter riding for all ages and abilities.
## **Achievements and performance**
There has been an increase in new participants throughout the year, both in the skatepark and in bouldering, alongside continued attendance from regular customers who participate at least once a week. The skatepark has become a British Cycling accredited facility and Freestyle BMX Team GB members are using the skatepark to train on the run up to the Paris Olympics, which should attract more newcomers, especially if they win medals again.
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## **ASYLUM ACADEMY FOR EXTREME SPORTS (ACES)**
## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2024**_
## **Financial review**
The charity has excess income over expenditure of £13,775 this year and this has been transferred to the general unrestricted reserve account.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the receipt from HMRC.
On behalf of the board of trustees
## **Mr S R Wharton-Howett**
trustee Dated: 7 August 2025
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## **ASYLUM ACADEMY FOR EXTREME SPORTS (ACES)**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASYLUM ACADEMY FOR EXTREME SPORTS (ACES)**
I report on the accounts of the charity for the year ended 30 November 2024, which are set out on pages 4 to 8.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination being a qualified member of ICAEW.
It is my responsibility to:
- (i) examine the accounts under section 145 of the 2011 Act;
- (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- (iii) to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements:
- (i) to keep accounting records in accordance with section 130 of the 2011 Act; and
- (ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
have not been met; or
- (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr Phillip Nicholson Stopfords (Mansfield) Limited
ICAEW Synergy House 7 Acorn Business Park Commercial Gate Mansfield Nottinghamshire NG18 1EX
Dated: 7 August 2025
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## **ASYLUM ACADEMY FOR EXTREME SPORTS (ACES)**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 30 NOVEMBER 2024**_
|**Notes**
**Incoming resources from generated funds**
Investment income
**2**
Incoming resources from charitable activities
**3**
**Total incoming resources**
**Resources expended**
**4**
**Charitable activities**
Skate park and hire of equipment
Governance costs
**Total resources expended**
**Net income/(expenditure) for the year/**
**Net movement in funds**
Fund balances at 1 December 2023
**Fund balances at 30 November 2024**|**2024**
**£**
304
413,665
413,969
234,837
141,260
376,097
37,872
149,918
187,790|2023
£
174
350,410
350,584
252,199
149,412
401,611
(51,027)
200,945
149,918|
|---|---|---|
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## **ASYLUM ACADEMY FOR EXTREME SPORTS (ACES)**
## **BALANCE SHEET**
## _**AS AT 30 NOVEMBER 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**7**
**Current assets**
Stocks
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**8**
**Net current assets/(liabilities)**
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**9**
**Net assets**
**Income funds**
Unrestricted funds|£
1,895
51,553
53,448
23,834|2024
£
191,543
29,614
221,157
33,367
187,790
187,790
187,790|2023
£
2,800
23,939
26,739
(41,738)|£
186,378
(14,999)
171,379
(21,461)
149,918
149,918
149,918|
|---|---|---|---|---|
The accounts were approved by the Trustees on 7 August 2025
|Mr M J Hobbs|Mr A J Buchanan|
|---|---|
|**Trustee**|**Trustee**|
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## **ASYLUM ACADEMY FOR EXTREME SPORTS (ACES)**
## **NOTES TO THE ACCOUNTS** _**FOR THE YEAR ENDED 30 NOVEMBER 2024**_
## **1 Accounting policies**
## **1.1 Basis of preparation**
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Charities Act 2011.
## **1.2 Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery 10% straight line Fixtures, fittings & equipment 25% reducing balance
## **1.3 Stock**
Stock is valued at the lower of cost and net realisable value.
## **2 Investment income**
|Interest receivable
**Incoming resources from charitable activities**
Skate park fees
Grant income|2024
£
304
2024
£
368,670
44,995
413,665|2023
£
174|
|---|---|---|
|||2023
£
350,410
-|
|||350,410|
## **3 Incoming resources from charitable activities**
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## **ASYLUM ACADEMY FOR EXTREME SPORTS (ACES)**
## **NOTES TO THE ACCOUNTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2024**_
## **4 Total resources expended**
|**Total resources expended**|||
|---|---|---|
|**Charitable activities**
Skate park and hire of equipment
Activities undertaken directly
Governance costs|2024
£
234,837
141,260
376,097|2023
£
252,199
149,412|
|||401,611|
Governance costs includes payments to the examiners of £1,080 (2023: £864) for examination fees.
## **5 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or reimbursement during the year.
## **6 Employees**
## **Number of employees**
The average monthly number of employees during the year was:
||2024|2023|
|---|---|---|
||Number|Number|
|Charitable activity|7|7|
There were no employees whose annual remuneration was £60,000 or more.
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## **ASYLUM ACADEMY FOR EXTREME SPORTS (ACES)**
## **NOTES TO THE ACCOUNTS (CONTINUED)** _**FOR THE YEAR ENDED 30 NOVEMBER 2024**_
|**7**
**Tangible fixed assets**
**Plant and**
**machinery**
**Fixtures,**
**fittings &**
**equipment**
**£**
**£**
**Cost**
At 1 December 2023
292,650
21,008
Additions
38,204
839
**At 30 November 2024**
330,854
21,847
**Depreciation**
At 1 December 2023
112,925
14,355
Charge for the year
32,004
1,874
**At 30 November 2024**
144,929
16,229
**Net book value**
**At 30 November 2024**
185,925
5,618
At 30 November 2023
179,725
6,653
**8**
**Creditors: amounts falling due within one year**
2024
£
Bank loans
3,408
Taxes and social security costs
6,135
Accruals
14,291
23,834
**9**
**Creditors: amounts falling due after more than one year**
2024
£
Bank loans
19,674
Other creditors
13,693
33,367
**Analysis of loans**
Wholly repayable within five years
23,082
Included in current liabilities
3,408
19,674|**Total**
**£**
313,658
39,043
352,701
127,280
33,878
161,158
191,543
186,378
2023
£
5,030
14,792
21,916
41,738
2023
£
21,461
-
21,461
26,491
(5,030)
21,461|
|---|---|
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