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2021-10-01-accounts

Flo Charitable Trust

(Registered charity, number 1172115) Financial statements for the year ended 30 September 2021

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Contents

Trustees' annual report Independent examiner's report Receipts & payments account Statement of assets & liabilities Notes to the accounts

capuus COMMUNITY ACCOUNTING

Flo Charitable Trust Trustees' annual report for the year ended 30 September 2021

Full name Flo Charitable Trust

Organisation type Charitable incorporated organisation

Registered charity number 1172115

Principal address

5 Poulton Drive, Nottingham, NG2 4BN

Trustees

Christopher Lawton Scott Underdown Alex Hallford

Mark Deans, Chairman Elizabeth Nelson, Women and Girls Officer Andrew Wright, Treasurer

Independent examiner John O'Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NGI 5GL

Governance and management

The charity is operated under the rules of its CIO Foundation adopted 16 March 2017 and most recently amended 27 January 2019.

Objectives and activities

  1. The promotion of community participation in healthy recreation in particular by the provision of facilities for skateboarding and other similar wheeled sports including BMX.

  2. To advance in life and relieve needs of young people through A) The provision of recreational and leisure time activities provided in the interest of social welfare designed to improve their conditions of life;

B) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.

  1. To advance the arts for the benefit of the public and young people in particular, through the provision of workshops and performance space for music, media, art, photography and art forms.

Public benefit statement

The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.

Summary of the main activities undertaken for the public benefit

The main activities undertaken for the public benefit centre around a range of ages, genders and socio-economic groups having access to specified, targeted coaching and participation sessions allowing them healthy recreation and community involvement. We make low cost spaces to allow participation and development in the arts available

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Flo Charitable Trust

as well as focussing on training and development of young people in developing key skills in both coaching and inter-personal skills.

Key activities:

Beginner Skateboard Sessions

Summary of the main achievements during the period

1 st Oct 20 to 1 st Jan 21 was our 'Post-COVID' reopening period with a range of adaptations that allowed the park to open safely in the mid-pandemic period. Adaptations included reduced numbers in sessions; the separation of children and adult sessions and due to the high demand combined with restricted numbers our 1 st time offering coached beginners sessions Tuesday to Sunday inclusive. Also for the first time we moved to 2-hour time slots for beginners sessions and 3 hour open sessions with a chance to clear the park for cleaning between each session. We were surprised and pleased to discover that many of these adaptations were actually received very positively by users with more space to skate in and fewer worries about other beginner users bumping in to you! It felt great to be running our full programme again including our successful 'Women and Girls' nights, AEP sessions and 'Over 30's'.

1 st Jan 21 to 17th April 21 saw another period of COVID closure. Our prudent financial cushion, as well as essential Business Grant Support/FurIough pay from central government allowed us to maintain a level of financial viability through this period.

18th April to 25th July saw unprecedented demand as the weather improved. Where normally as the sun comes out our clients move outdoors, we continued to see busy sessions (particularly coached ones). Through referral from Skateboard GB we also had an exciting opportunity arise to build and refit portions of the park through partnership working with VIY (Volunteer It Yourself) 414 Skate parks and Persimmon Ltd. With a El 0,000 input from Flo's surplus we were able to assemble a E75,000 building project replacing nearly a third of the park. Many thanks to Alex Half8rd and 414 who designed the new build area.

Thus 25th July to 16th September Flo shut its doors again to allow the refit to happen - volunteers worked through the night to disassemble as much of the park as possible before building experts from 414 and VIY came on site... THANK YOU KEITH! The

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Flo Charitable Trust

build ran slightly over schedule due to problems assembling a large enough team of VIY volunteers and the demanding nature of the designs.

We reopened with a large invite only event and a wider opening party on 17th September. A large surge of demand to ride the new structures occurred as expected.

Our Volunteer Coaching Scheme continues to be at the centre of our success with young people helping at the park, mentoring other young people in how to develop the skateboard skills. As each generation moves on, our Operations Manager uses his talent-spotting skills to induct and train the next one. The scheme adds significant value to each of our coaches as they interact with both participants and parent, giving feedback, and acting as role-models.

A key development for Flo has been the recognition of Flo as a Skateboard GB Coaching Development Hub. Monday night launched as 'Hub Night' just as the accounting period came to a close with the future of skateboarding in GB attending the park to develop their skills.

Financial Review

Our net surplus of El 2,452 leaving us with a surplus of E41,110 (not inclusive of commitments) at the end of the period left the park in a resilient position with the possibility of continued COVID restrictions and further lockdowns.

The charity's policy on reserves

Such is the ebb and flow of the Skate park income year the park will always need a substantial cushion to ensure its survival through the 'low income' summer months. This cushion was essential to allow survival of the park in the Xmas through April COVID lockdown. Without this reserve the park may well have been insolvent in this period.

Signed on behalf e charity's trustees:

Signed Date Mark Deans, Chain a I

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Independent examiner's report to the trustees of Flo Charitable Trust for the year ended 30 September 2021

I report to the trustees on my examination of the accounts of Flo Charitable Trust (the charity) for the year ended 30 September 2021.

Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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 that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records.

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.

Signed John O'Brien MSc, F CA, FCIE Employee of Com unity Accounting Plus

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Flo Charitable Trust Receipts & payments account for the year ended 30 September 2021

2020 2020 2021 2021
Note
Receipts
14943 Grants
&
donations		 2 55411
66607 35845
500 Activities
320 Senv'ices
2752 Sundry
receipts		 198
85122 Total
receipts		 91454
Payments
38168 Wages,
NI
&
pension		 37315
65 Art 40
Card
transaction
fees		 1710
537 Consumables 379
1090 Equipment 925
1617 Health
&
safety		 176
16739 Insurance 8396
2061 995
674 Music 50
177 Office
&
administration		 61
1989 Professional
fees		 1414
6547 Building
materials		 8007
922 Promotion
&
advertising		 1164
2015 Repairs
&
maintenance		 4704
Training 390
Travel 145
100 Sundry
payments		 24
6889 Utilities 12817
280 Registration 290
79870 Total
payments		 79002
5252 Net
receipts/(payments)		 12452
23406 Cash
funds
at
start
of
this		 period 28658
28658 Cash
funds
at
end		 of
this		 period 41110

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Flo Charitable Trust Statement of assets and liabilities at 30 September 2021

2020 2021
E Cash
assets		 Note
28658 Bank accounts 41110
28658 41110
Liabilities
(1891)
Creditors		 3 (739)
(1891) (739)
These financial financial stat ments are ac pted
on		 behalf of
the		 charity
by:
Signed Dated 2
Andrew W

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Flo Charitable Trust Notes to the accounts for the year ended 30 September 2021

I. Receipts & payments accounts

Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand.

2. Grants & donations

Nottingham
City		 Nottingham
City		 Council 44400
Job
Retention
Scheme		 8954
Sundry
grants		 &
donations		 2057
55411

3. Creditors

Independent
examination		 540
HMRC 85
Pensions 114
739

4. Premises & staff

The premises are provided by the local authority for peppercorn re?t of El per annum (if demanded).

5. Trustees' remuneration

Trustees received no expenses, remuneration or benefits in this period.

6. Related party transactions

There were no related party transactions.

7. Glossary of terms

Creditors: These are amounts owed by the charity, but not paid during the accounting period.

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