AXMINSTER SKATEPARK TrUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY NUMBER 1161283 WESTCOTTS MAttT?*eD AC¢OUIIYANTS & ADVISEPS
Axminster Skatepark Contents Referen Administr8llve Details Trustees. Report Antants, Report ststement of Financial Aclivilies Balancg Sheet Notss lo the Financial Statements 6t09
Axmlnster 8kat•park Reference and Admlnistratlve Detalls CrIty Re90Th Nufflbw 1161283 Muskny Fami muSLry EX13 888 Tnlee* D Hawken N Rowwalton R Maguiro E Chubb J PrtstOD ILH41 H Cann L Horn8 A T Mwldlng P Davldson Accountant• riinberty Soulh Street Axminster EX13 SAD Page 1
Axminster Skatopark Trusteas. Report The trustees pment their report and the ffftancial ststemenfs for thp year and9d 31 D8cember 2023. The Ivustees who sarved during the Jpar and up to Ihe date of this report are sel out on page 1. Objoctlves and athitles ObJ8cts and aims Objectives Our objective is to promots for the benefft ofthe inhabrlants of Axminster the surrounding area, the provision of facilit$ for recrealton or other leisure time 0upaI1On, in parncular bLrt not exclusivdy, roller-skaling, skateboarding and bmx biking. for IndNiduals who have need of such faciliiies. The OTgariisation wa> ofvJiill established in oanuary 2013 fur purFM)s6 of ralsing fvi)dè for the skate park, for the benefft of the young ppIe of MInster and surrounding areas. Activiti89 Our main activities to date ar8 raisiw funds Ihrough tharitat48 events 8rn1 donations. However, the wwe cl Ihe chaflty is to develop and operate a skate [k in Axminster. Achl•vements and perfofmanco The Skatepark has èéen built on East Devon District Council Land and was funded by the council using Section 1¢A funds. The Charty pays for upkeep of the park. insurance and any upJrade8 or imwuvwnei)i¥. -Triblifk benefit Through the cntinUed work of the charity to support and develop the skate park facilities in Axminster. the trustee5 consider that the tharity has complied fully with its duty in s8cbon 17 of the Charitieg Act 2011 to have due regard to put4ic benefit guidan pullished by the Charity ommission. Struclurn. govtrmancg and management Axminster Skatepark is a bharitable InCDTForaj OrganisaTion. incorporad on 15 Ap1 2015. Statoment of t*•. rwponsibilitles The trustees are responsib for the preparalion of ts finarrial statements in aCCordce with the requirgments of the Charitia$ Aot 2011 I'the Acri. l61.t.ILIp The annual feport w88 appro'4ed ;h8 trustees of lh8 charity on .... . .... . and slgned on I ATM Truste8 Page 2
Chartered Accountants. Report to the Trustees on the Preparatbon of the Unaudited Statutory Accounts of Axmlnsler SkateDark for the Year Ended 31 December 2023 In order to 8561st JDU to fulfil your duties under the Cornpan Act 2006. we have prepared for your aFpv%'Jl th2 accounts of Puminsler .ePark f +outon +he year 31 Dec£mber 20q3 as se pages 4 to 9 from the COM8 accounting record8 and from informalion ar¥J explanations you have gNen us. As a wactiLyng memb8r firm of the Institute of Chartered Accountanls in Engld and Wales, we are subjeci io its eihical and oiher proTessional requiremen{5 which are d8tall ai http.'IhwM.icaew.o)mlenlmemberslregulations-stsndards-aThJ-guidan We have not been InStrted to carry ryjt an au(fit or 8 revlew of the accounts of Axminster Skatepark. For this reason, we havo not verified the accuracy or Qompleteness of the accounting records or infomiation and explanalions you have given to us and we do not, therefore. expms any 01)n on the statutory arxourts. Westcotts Chartored Accounlan18 I Imberty South Street Axminster EX13 SAD
Axminsler Skatepark ststemenl of Flnancial Actlvitles for the Year Ended 31 Decembèr 2023 (Including Income and Expenditure Account and Statement of Total Recognlsed Gains and L¢sses} Unrestrlcted fund8 Total 2023 Total 2022 Income and Endowments from: L)onations and IwJacies 11,183 11.183 1,416 Totsl incoff 11.183 11,183 1.416 EYtspndibJTg On. Raising funds Chari&bl8 actritilvs (2,0131 (2,0131 {307) Total exp8nditure 16,957 {6.957 1307) Net income 4.226 4,226 1.109 Net movernent in fund8 4,226 4,226 1.109 R•conclllatlon of funds i 0.1 funds brvkngh• fvm'ard 4 44A 4 4 Totsl funds carried forward 5.340 1,114 l ofthe charity's actvities derive from continuing orratioDS during wlctyts. Th8 ftnds breakdown for 2022 is shothn in note 8. The notes on parps 6 to 9 fomi an intojral part of Ihese financlal statsments. Page 4
Axmlnster Skalepark (Reglslratlon number: 11612831 Balance Sheet as at 31 December 2023 11612L? 202 2022 Current assots Cash a• bank and in hand 5.340 1.114 Funds of thg charlty: Unrestrict•d Income funds UnTe5trthd fuThJ8 5.340 1,114 T4al fJnd- S.340 1,114 iu I sr¢ltvmeRts on 4 i¢J 9 were dwruvr8d by Il InleY5, twxl autlvJrKMxl fur issue on nd sianed on their bghaf by. Mouldi Tte8 The notss on page8 6 to 9 fomi an intra1 part ol these thancaal statements. Page 5
Axminster Skatepark Notes to th• Flnanclal Statements for the Yr Ended 31 Dember 2023 1 Charity gtstU8 AxmiThster Skatepark is regksterad in ErKJland and Wal8s as 8 Charitable Incorporated Organisation. incorpnr8tYJ on 15 ?01.5. The addre83 of its registered offic is: Mu¥bury F<lllTI Musbury rKxfiiinsLer 2 Accounting pollci The pr1paI accounting polirxs applied in the preparation of these financial ststem8nts are set out below. These poliLyes have been consistenY aFplied to all the ar$ presented. unless otherwise Staled. 8a8its of accountlng 7tr4.- finar¥ti1 sts+ -m-nts ha¥r bcM PPvparcd in ardan wilh P4Kwurting and R- -Fcrting by Charities: Statement of Rernrnended Practice (applicable to chariknes preparing Iheir accounts in accordan th- Financial P.eporling Standard 8ppIic8blts in I I and R- -public of Ireland IFRS 10211 {issued in October 20191- (Charities SORP {FRS 102)), the Financial ReporlirvJ Standard qrvlicable n thp. VK 3.nd Republic of Ireland IFR.S 102) and he. fuompanies Art 20[. C¥8hfiow The tharity has taken advantaae of the exemption available from the requirement to prcKJuce a cashllow ststement becau88 Is a small charifv. Income and endowments AN income is r9cognised once the dbarity has enlitt9m9nt. to th8 incorn9, N. is pbabl& that th& 1nr.ovrp will be ralVed and the amount of the income receivable be measured reliably. Donations Are recogni5ed when Ihe thawi¢b has been nvtifpd Sn writing -f b-th the affiounl and settlement date. In the event that a donation is sublect to conditions that requlr8 a level of rforman- by thc charity bcfvrA •h- chari".1 i- -rt.fkd tc fund-, th- incomo d-fcrrcd Ejnd n recognised until either Ihose conditio$ are fully meL or the fulfilment of Ihose conditlons is wholly vlthin lhe con+rol of the ch3ri.18nd it18 Probla •hat •nd1+i* will be fulfill81 in the reportbng period. Page 6
Axminster Skatepark Notes to the Flnanclal Statements for Ihe Year Endod 31 December 2023 Expendituro Expenditurè li recugri1w on basis as d liability is incwred. Exp@ndilure iricludes any VA I which cannot be fully r&overed. 8nd is reported a8 Part of the eXperKIre to it relates. Costs of generatsry funds comprise the costs associat8d wilh attracting voluntary incoTh 8rKI the costs of trading for fundraioin9 Piwpv-Qv induding thc thari¥ shop. Charitsbl- expendPup comprio those costs incurred by charity In the delry of its ac+wti and services for its berEficiaries. It includes both c05t5 that can be 8110(ted direcuy to such act¢vities and thos8 ¢t¢ rf an indirACt nature necessary to 8UPWrt them. Judg•monts and k•y souree8 of #st5mation un¢ortalnty The weparation of the accounts raquires the management to make ludgements. estim8t88 and assumptions that affect the amount reported. Thgs8 estimates and judaements are ntinUallY revIewj and are based on expWIen and other factors, IndJing eXpeCtsn8 of future events that are believed to be reasonable in the arcumstance8 Clwitable activhles Ch9rltable expenditure comprises those costs incurred by tho charity in the delNery of its actmties gnd ¢prYi3S for itg nerlaries. It Ide¥ tth costs thAt ran bg all1 dir9rfy to sijth artpfjties and those costs of an indirect nalure necessary lo support them. 3 Incomg from donatlons and lega¢l Unrostrlcted Total 2023 Tcp4al 2022 Ggneral Don8nS and legaae8 11,183 11.183 11.183 1,416 11.183 1,416 4 EndItUr• on rnising fund a) Costs of neratIng tionatlon8 and iryacl Unrnstrictod funds G*Fra1 Total 2023 Purchases 2,013 Unrostrlctèd nds Goneral Total 2022 Purchoses 307 307 PwJ8 7
Axminstsr Skatepark Notes to the Flnanclal Statements for the Year Ended 31 December 2023 5 ExpendIre on ¢harltabl• acllv5tle8 funa8 Gen8ral Total 2023 Insur8nc8 Repairs and mainten8nce 2,038 2.906 2,038 2,906 6 Tte r•munaration and eXn9•• No tsugieès, noF any par50n$ connectsd wfh them, have received any remuneration from Ihe chatb during the year. No tru8t*$ have received any rgimbwsed expe85 or other bents from the tharity during the year. 7 CasTh cash eqUiVanth 2023 2022 Cash at bank 1.114 8 Fund¥ B•lance at 1 January 2023 Balanco at R•sourcM 31 December •xD8nd8d 2023 Incoming Unrestrictsd fundB Genernl General Furbjs 1,114 11,183 6,957 5,340 Balanc• at 1 January 2022 Balance al 31 DKomber 2022 Incoming resou5 expendod Unrestr1rt fund8 G8ner•l General FurKJ8 307 1,114 Page 8
Axminster Skatepark Notss to the Financial Statemon18 for thg Year Ended 31 DoGemb8r 2023 9 Analy819 of n•t assots bot0 lund6 T¢)tal fund8 4t31 December 2023 UTrre8trl¢t•d fund• Goner•l Total fund• at31 Gen•ral 2022 Curmt assets l.i14 1.114