THE LODGE ACTION SPORTS CLUB CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
The Lodge Action Sports Club CIO Financial Statements For The Year Ended 31 March 2024
Contents
| Contents | |
|---|---|
| Page | |
| Company Information | 1 |
| Trustees' Report | 2 |
| Independent Examiner's Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—7 |
The Lodge Action Sports Club CIO Charity Information For The Year Ended 31 March 2024
Trustees C Leeds P Corbiere N Taylor M Hawman Charity Number 1161101 Registered Office The Lodge Indoor Skatepark Wharf Road Newton Abbot Devon TQ12 2DA Accountants Uncharted Business Ltd T/A Twigger Business Solutions 220 Torquay Road Paignton Devon TQ3 2HN
Page 1
The Lodge Action Sports Club CIO Charity No. 1161101 Trustees' Report For The Year Ended 31 March 2024
The trustees present their report and the financial statements for the year ended 31 March 2024.
Overview of Activities and Achievements
This year has been a period of significant growth and impact for The Lodge Action Sports Club. We have expanded our weekly activity timetable, introduced new programmes, successfully recruited more volunteers, and secured crucial funding to further develop our charity.
Increase in Weekly Activities
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In response to community demand, we have increased the number of structured coaching sessions, free-skate sessions, and inclusive programmes.
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We now run two additional coaching sessions per week for beginner and intermediate riders, ensuring greater access to skill development.
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New dedicated sessions for girls and non-binary skaters have been launched, promoting inclusivity in action sports.
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Extended weekend hours have allowed more young people to participate in safe and engaging physical activities.
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Collaborations with local schools have expanded, with an additional three schools now participating in our engagement programmes.
Success in Volunteer Recruitment
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This year, we have recruited seven new volunteers, bringing our total volunteer base to 19.
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Volunteers now support various aspects of our operations, including coaching, event management, and community outreach.
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We have introduced a volunteer training programme to enhance skills in coaching, safeguarding, and youth engagement.
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The increase in volunteers has allowed us to extend our mentoring support for young people, particularly those from disadvantaged backgrounds.
Grant Funding Success
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We have been actively applying for grants to improve and expand our charity’s services.
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We are delighted to confirm that we have successfully secured £97,950 from the National Lottery’s Million Hours funding opportunity.
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This funding will allow us to extend our opening hours, develop new youth engagement initiatives, and improve our facilities, ensuring we can reach even more young people in our community.
Financial Overview
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Income has grown due to increased participation and successful funding applications, ensuring sustainability for our expanded programmes.
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Expenditure reflects investment in new equipment, facility improvements, and volunteer training.
Future Plans
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We aim to introduce more school partnerships and further develop adaptive sports programmes for individuals with disabilities.
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Plans are in place to improve our indoor facilities, enhancing accessibility and safety.
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With the additional funding, we will be expanding our evening and weekend provisions, ensuring young people have a safe and engaging space outside of school hours.
Community Impact
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Our expansion has resulted in increased community engagement, with attendance figures up by 25% compared to the previous year.
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Feedback from participants and parents highlights the positive impact of our programmes on physical health, confidence, and social skills.
This report reflects a year of growth, increased participation, successful fundraising, and stronger volunteer support. We look forward to continuing our mission to make action sports accessible to all.
By order of the board
N Taylor
30 January 2025
Page 2
The Lodge Action Sports Club CIO Independent Examiner's Report For The Year Ended 31 March 2024
Independent examiner’s report to the trustees of The Lodge Action Sports Club CIO
I report on the accounts of the CIO for the year ended 31 March 2024, which are set out on pages 4 to 7.
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.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act
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to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act
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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 next statement.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
…………………………………………….
30 January 2025
Twigger Business Solutions 220 Torquay Road Paignton Devon TQ3 2HN
Page 3
The Lodge Action Sports Club CIO Statement of Financial Activities For The Year Ended 31 March 2024
| Unrestricted | Unrestricted | Unrestricted | |||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| INCOMING RESOURCES | |||||
| Skatepark takings | 49,565 | 49,024 | |||
| Grants received | 7,500 |
- | |||
| 57,065 | 49,024 | ||||
| RESOURCES EXPENDED | |||||
| Purchases for cafe | 5,500 | 3,682 | |||
| Other purchases | 9,390 | 8,949 | |||
| Rent & Utilities | 21,930 | 24,782 | |||
| Cleaning | 783 | 917 | |||
| Repairs, renewals and maintenance | 1733 | 138 | |||
| Insurance | 2,089 | 1,631 | |||
| Advertising and marketing costs | 2,483 | 1,824 | |||
| Telecommunications and data costs | - | - | |||
| Accountancy fees | 686 | 1,234 | |||
| Management fees | 10,500 | 9,000 | |||
| Depreciation | 5,048 | 5,058 | |||
| Sundry expenses | 459 |
159 | |||
| (60,601) |
(57,374) |
||||
| OPERATING SURPLUS FOR THE FINANCIAL YEAR | (3,536) | (8,350) | |||
| FUNDS BROUGHT FORWARD | 28,815 | 37,165 | |||
| FUNDS CARRIED FORWARD | 25,279 | 28,815 |
Page 4
The Lodge Action Sports Club CIO Balance Sheet As at 31 March 2024
| Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Debtors 5 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 6 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Profit and loss account SHAREHOLDERS' FUNDS Approved by the trustees on 30 January 2025 and signed on their |
2024 £ £ 15,402 15,402 5,433 4,944 10,377 (500) 9,877 25,279 25,279 25,279 25,279 behalf by |
2024 £ £ 15,402 15,402 5,433 4,944 10,377 (500) 9,877 25,279 25,279 25,279 25,279 behalf by |
2023 £ £ 20,450 20,450 5,433 4,073 9,506 (1,141) 8,385 28,815 28,815 28,815 28,815 |
2023 £ £ 20,450 20,450 5,433 4,073 9,506 (1,141) 8,385 28,815 28,815 28,815 28,815 |
|---|---|---|---|---|
| 15,402 9,877 |
20,450 8,385 |
|||
| 10,377 (500) |
9,506 (1,141) |
|||
| behalf by | ||||
| 25,279 | 28,815 |
|||
| 25,279 | 28,815 |
|||
| 25,279 | 28,815 |
|||
| 25,279 | 28,815 | |||
| 30 January 2025 |
Approved by the trustees on 30 January 2025 and signed on their behalf by
The notes on pages 6 to 7 form part of these financial statements.
Page 5
The Lodge Action Sports Club CIO Notes to the Unaudited Accounts For The Year Ended 31 March 2024
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Income Recognition
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations, are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
1.3. Expenditure Recognition
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 settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.
1.4. 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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery 10% straight line
Fixtures & Fittings 10% straight line
2. Operating Profit / (Loss)
The operating loss is stated after charging:
2024 2023 £ £ Depreciation of tangible fixed assets 5,058 5,058
3. Average number of employees
There were no employees during the accounting period (2023: nil).
Page 6
The Lodge Action Sports Club CIO Notes to the Unaudited Accounts (continued) For The Year Ended 31 March 2024
4. Tangible Assets
| Cost As at 1 April 2023 Additions As at 31 March 2024 Depreciation As at 1 April 2023 Provided during the period As at 31 March 2024 Net Book Value As at 31 March 2024 As at 1 April 2023 |
Plant & Machinery £ 14,362 - |
Fixtures & Fittings £ 36,218 - |
Total £ 50,580 - 50,580 30,130 5,048 35,178 15,402 20,450 |
|---|---|---|---|
| 14,362 | 36,218 |
||
| 3,876 1,426 |
26,254 3,622 |
||
| 5,302 | 29,876 |
||
| 9,060 | 6,342 |
||
| 10,486 | 9,964 |
5. Debtors
| Prepayments and accrued income . Creditors: Amounts Falling Due Within One Year Other creditors Accruals and deferred income |
2024 £ 5,433 5,433 2024 £ - 500 500 |
2023 £ 5,433 |
|---|---|---|
| 5,433 |
||
| 2023 £ - 1,141 1,141 |
6. Creditors: Amounts Falling Due Within One Year
7. Analysis of Funds
| . Analysis of Funds | |
|---|---|
| Unrestricted | |
| Income | |
| fund | |
| £ | |
| General Funds | |
| As at 1 April 2023 | 28,815 |
| Net Movement in year | (3,536) |
| As at 31 March 2024 | 25,279 |
Page 7