Flo Charitable Trust (Registered charity, number 1172115) Financial statements for the year ended 30 September 2024 Page Contents Trustees, annual report Independent examiner's report Re￿iptS & payments account Statement of assets & liabilities Notes to the accounts 9-10 capLUS COMMUNftY ACCOUNTING Flo Charitable Trust Trustees, annual report for the year ended 30 September 2024 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 & Girls OffI￿r Andrew Wright, Treasurer Independent examiner John O'Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG15GL 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 lrfe 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. 3. To advance the arts for the benefit of the public and young people in particular, through the provision of workshops and performan￿ 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,. Flo Charitable Trust 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 Flo Charitable Trusts having access to specified, targeted coaching and participation sessions allowing them healthy recreation and community involvement. We make low cost spa￿S to allow participation and development in the arts available as well as focussing on training and development of young people in developing key skills in both coaching and inter-personal skills. Key activitieslservices: Beginner Skateboard Sessions Women and Girls Skateboard Sessions Over-30's Skateboard Sessions - all Abilty 18+ Beginner Skateboard Sessions All Age All Ability Skateboard and BMX Sessions Alternative Education Provider Flo Charitable Trust Skateboard Sessions Home Schooling Community Skateboard Sessions New Wave, LGBTQ+ & Marginalised Gender Sessions Sessions provided for refugee support charities Provision of low cost artist studio spa Music Practice Room for local young people and bands provided at zero cost Coaching provided at all sessions Volunteer Coaching Scheme Skateboard Great Britain Hub Member A range of ages, genders and socio-economic groups have access to specified targeted coaching and participation sessions allowing them healthy recreation and community involvement The training and development of young people in developing key skills in both coaching and inter-personal skills Low cost spaces to allow participation and development in the arts Elite and 'Pipeline' coaching facility working alongside the National Governing Body Flo Charitable Trust Summary of the main achievements during the period This year has been a year of challenge and growing uncertainty for Flo Charitable Trust. The news we have been waiting for, that the new Trent Footbridge will trigger the end of Flo on the banks of the Trent, has focused our minds on finding new premises. Substantial time and effort was put into a possible move to Mapperley Sports Village in Nottingham, getting as far as meetings with Nottingham City Council planning department and transport department, both of which were very supportive. Unfortunately, a change in circumStan￿S with the landowner meant that more mainstream sports took over as the preferred partner for the space. Nottingham City Council were very supportive throughout. All resources are now focused on finding a new location with communication being shared with the Universities, land-agents, sports clubs and others. Flo's final date in Poulton Drive is Xmas 2024 with planning now being put into pla￿ to dismantle the park and put it into storage while a new location is found. This will require a huge community effort and a friendly warehouse owner to make this work. We continue to be very proud of our coaching staff several of who moved on from us in the year. Meg found an amazing job in a larger charity as an admin officer and bid writer and Ben began work with one of our partner AP schools as a Teaching Assistant. Alec is still our mainstay and rock, who split his time between Flo and SBGB work. This meant that we relied on our volunteers more than ever - without them Flo would not be what it is. Thank you to them all. A special mention to George, Clem, Miriam, Martha, Oli, Mathilde, Imogen and Freddie. Across the year we held a range of major events including a Halloween Jamlcomp with 42 shop, followed by the very first NottingJam in partnership with SBGB. This was Flo's biggest ever event that saw skaters from across the UK and Europe attend, with visitors from Spain. France, Scotland, Cornwall and London. The Military Jam saw a third year at Flo. Our association with SBGB continues to be our key strategic and operational partnership. Their help and support for us as well as the gains we make as a park by being at the centre of their Hub programme have contributed to the professionalism of the park every day we operate. We continue to focus on inclusion and continue with the New Wave ethos in our inclusivelLGBTQ+ sessions. We have historically had great difficulty in breaking even on these sessions, but feel they are an investment in the ethos and intent of the park as a safe and welcoming space to be, meet and participate in the amazing skateboard community. As a result. for the first time. we submitted a funding bid to allow these sessions to continue via The Foyle Foundation. Their generosity allowed us to empower our coach, Meg, to spend additional time marketing these sessions, growing them from the ground up, and very importantly, give both coaching and place-making time to their growth. As a direct result of the funding from Foyle's, we grew participation in this group across a monitored 6 months by 2150/0 compared to the 6 previous months without the funding. Flo Charitable Trust We took on an additional 786 fresh registrations showing continued growth. A key relationship every year is with the Trent and UON Skateboard Society board members - we do our utmost to support the board members in delivering a new strand of 18 year olds into becoming Flo regulars. The charity's policy on reserves We aim to keep £18,000 in reserve and are working towards this. 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. Signed on behalf of th rity's trustees: Signed Mark Deans, Trustee Date Independent examiner's report to the trustees of Flo Charitable Trust for the year ended 30 September 2024 I report to the trustees on my examination of the accounts of Flo Charitable Trust (the charity) for the year ended 30 September 2024. 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, FAIA, FCIE Employee of Community Accounting Plus Date 0210912025 Flo Charitable Trust Receipts & payments account for the year ended 30 September 2024 2023 Total 2024 Unrestricted Restricted Total Funds Funds Funds Funds Note Receipts Grants & donations Fees Services Sundry receipts Total receipts 113 67695 9130 6529 83467 5000 5000 68374 15208 68374 15208 83582 5000 88582 Payments AdvertisinglPromotional Business rates Consumables Equipment Health & safety Insurance 155 155 155 650 442 4926 650 757 442 4926 173 13669 1233 121 12556 623 136 105 35 2338 128 2000 14556 623 136 105 35 2338 128 Music NGB Registration Office & administrab'on Professional fees Repairs & maintenance Training utilities Wages, Nl & pension Sundry payments Total payments 80 1238 833 144 4471 65150 282 88306 6857 53828 2350 9207 53828 82129 5000 87129 (4839) 21534 16695 Net receiptsl(payments) Cash funds at start of this period Cash funds atend of this period 1453 16695 18148 1453 16695 18148 Flo Charitable Trust Statement of assets and liabilitles at 30 September 2024 (As ￿Stated) 2023 2024 Cash assets Bar* accoLnts 16695 16695 18148 18148 Other monetsry assets Debtots 39 39 5026 5026 A55ets retsined for the charity's own use CCTV system. purclBsed November 2021. cost £521 Vacwm ckarer, purGts5ed DeGember 2021, cost £598 PA Ssstem. purchased March 2022. Gost £1,425 Ramp extensiorts. PUrctr￿sed Novembef 2023. cost £4,105 Llabllities Creditors 648 (648) 3375 3375 These financial statements are accepted on bèhalf of the charity by: Date Signed Elizabeth Nelson. Trustee Flo Charitable Trust Notes to the accounts for the year ended 30 September 2024 1. 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 Unrestricted Restricted Totsl The Foyle Foundabon 5000 5000 5000 5000 3. Funds analysis Opening Receipts (Payments) balance Closing balance Restricted funds Running Costs 5000 5000 5000 (5000) Unrestricted funds General 16695 16695 83582 82129 18148 83582 {82129) 18148 The Running Costs fund is comprised of funding from The Foyle Foundation that contributes toward the general running costs of the organisation. Flo Charitable Trust 4. Debtors Pensions (overpayment) 39 39 5. Creditors Independent Examination fee HMRC 720 2655 3375 6. Premises & staff The premises are provided by the local authority for peppercorn rent of £1 per annum (if demanded). 7. Trustees, remuneration Trustees re￿iVed no expenses, remuneration or benefits in this period. 8. Related party transactions Joe Deans (son of trustee Mark Deans) was paid £365 as an employee for coaching during the period. 9. Glossary of terms Creditors: These are amounts owed by the charity, but not paid during the accounting period. Debtors: These are amounts owed to the charity, but not re￿iVed in the accounting period. Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity. 10