Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
Company registration number: 10662971 Charity registration number: 1175947
## Grimsby Ice Rink
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2024
Forrester Boyd Robson Limited Kingfisher Court Plaxton Bridge Road Woodmansey Beverley HU17 0RT
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6 to 7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 to 19|
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Reference and Administrative Details**
**Charity Registration Number** 1175947 **Company Registration Number** 10662971
The charity is incorporated in United Kingdom. **Registered Office** 26 South St. Mary's Gate Grimsby North East Lincolnshire DN31 1LW **Independent Examiner** Forrester Boyd Robson Limited Kingfisher Court Plaxton Bridge Road Woodmansey Beverley HU17 0RT
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 August 2024.
## **Objectives and activities**
## _**Objects and aims**_
Grimsby Ice Rink is committed to continuing the provision of ice sports for North East Lincolnshire and the surrounding areas. This includes the continuation of Ice Hockey training and matches, figure skating training and recreational skating.
Our aims:
- To make ice sports accessible for all
- To increase the number of people enjoying ice sports
- To promote a healthier lifestyle by the inclusion of people in ice sports
- To promote the facility for North East Lincolnshire and the wider area
- To expand the ice skating community
## _**Fundraising disclosures**_
Grimsby Ice Rink has approached fundraising in a number of ways these include:
* Sale of dasher boards as advertising to local businesses. This was promoted by emailing local businesses and promoting on social media.
- Free Ice hockey experience sessions
- Reduced price themed discos
* Staff do not ask for donations, but a donations pot is on the desk if people would like to donate
## _**Public benefit**_
Grimsby Ice Rink has also enabled more schools and community groups to hire the facility or come to public sessions for a reduced fee. This has led to a number of bookings.
Promotions have been offered during the year including the following:
* Free skate aids during certain holiday periods
- Free ice skate hire leaflets
- Free adult with each child on the tots session
- Social media giveaways of a free family skate
- Gifts to schools and local companies of a free family pass to giveaway
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Trustees' Report**
## **Achievements and performance**
As a charity we feel this year we have continued to grow after the difficulty of the last couple of years. We have maintained our annual profits and strengthened our reserves and continue to do so over the following year.
We have increased the number of figure skate coaches which also has increased our skill levels and expertise.
Alongside our skate UK and learn to skate hockey courses, we have also introduced our Ice Theatre Group, which allows the skaters to introduce performance and team work to their skating skills.
We have run a higher number of different skate camps across the year. This includes Hockey Camp, Summer development camp, alongside Mark Hanretty’s annual skate camp.
Our figure skaters are increasing improving rapidly from the introduction of new coaches, and we are seeing a record number of skater performing in national competitions which has also seen the syncro team partnered with Hull ice Rink achieve British Champion Status.
For Hockey, we continue to grow and expand our teams. We have also seen one of our adult rec team win the European Pond Hockey Tournament, and the only team from the UK to enter.
Going forward, we are continuing to increase footfall, increase sales and strengthen our reserves. We are continuing to work with a number of specialists who have been a massive support over the years since we took ownership of the rink. This includes working with an Ice Rink Specialist to help create a plan to maintain and improve the rink, and the options we have available. We are currently in planning process to do a large refurbishment project, including replacing the barriers.
Working with figure skating specialists to improve the training and support to the skaters and also working with the Hockey teams to improve the skating technique and promote the sport to increase their numbers.
## **Financial review**
## _**Policy on reserves**_
Reserves are currently in a surplus position of £70,460. Free reserves (excluding fixed assets) are £60,929 in surplus. The charity aims to build reserves to cover at least 3 month's of fixed costs.
## **Going concern**
The charity was heavily impacted by Covid-19 due to the closure of the rink and reduction in the number of sessions available for an extended period of time, which resulted in reserves falling into a deficit position. In order to balance the reserves and provide a surplus position the charity has been carrying our the following activities:
- We have introduced branded merchandise for example hoodies and water bottles, to try and add to our revenue. - We are working with the staff and advertising, and improving our social media presence, along with adding other platforms.
- We are working with experienced coaches to make improvements.
- We are applying for further grants which we can utilise to support the charity.
At the time of sign off the charity is recording an in year surplus which should be sufficient to carry forward positive reserves. This trend is expected to continue over the next 12 months following the signing of these financial statements.
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink Trustees' Report**
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: C Allan J Routh R Newborn (resigned 1 July 2024) Mr A J Brown (appointed 1 July 2024)
## **Structure, governance and management**
## _**Nature of governing document**_
Grimsby Ice Rink is an independent not for profit charitable company limited by guarantee, set up to deliver an Ice Sports facility in and around North East Lincolnshire. The liability in respect of the guarantee is limited to £10 per member of the Charitable company.
In November 2017 the company received charitable status, and adopted a new Articles of Association.
## _**Recruitment and appointment of trustees**_
The charitable company has recruited the trustees from the Grimsby Ice Rink Community Group, which is a group that consists of skaters, parents and coaches. This was formed to save the Ice Rink from closure by the Council and prepared a community asset transfer to take over the running of the facility.
The existing trustees have a range of backgrounds and skills that reflect the Charitable company’s operations and wider objectives. Any further recruitment of trustees will follow a process of application and interview, and subject the final proposal at the appropriate board meeting, a vote is undertaken and the appointment duly reported.
## **Small companies provision statement**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the trustees of the charity on 22 May 2025 and signed on its behalf by:
......................................... J Routh Trustee
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Independent Examiner's Report to the trustees of Grimsby Ice Rink ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
Since Grimsby Ice Rink's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Forrester Boyd, which is one of the listed bodies.
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 Grimsby Ice Rink as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
...................................... Carrie Jensen ACA Forrester Boyd
Kingfisher Court Plaxton Bridge Road Woodmansey Beverley HU17 0RT
22 May 2025
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Statement of Financial Activities for the Year Ended 31 August 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Total income
**Expenditure on:**
Raising funds
7
Charitable activities
8
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
19|**Unrestricted**
**funds**
**£**
478
289,050
23,640
1,075
314,243
(25,773)
(241,830)
(267,603)
46,640
46,640
22,949
69,589|**Restricted**
**funds**
**£**
950
-
-
-
950
-
(79)
(79)
871
871
-
871|**Total**
**2024**
**£**
1,428
289,050
23,640
1,075
315,193
(25,773)
(241,909)
(267,682)
47,511
47,511
22,949
70,460|**Total**
**2023**
**£**
784
259,735
23,676
382|
|---|---|---|---|---|
|||||284,577|
|||||(19,717)
(208,918)|
|||||(228,635)|
|||||55,942|
|||||55,942
(32,993)|
|||||22,949|
The notes on pages 9 to 19 form an integral part of these financial statements. Page 6
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Statement of Financial Activities for the Year Ended 31 August 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Total income
**Expenditure on:**
Raising funds
7
Charitable activities
8
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
19|**Unrestricted**
**funds**
**£**
784
259,735
23,676
382
284,577
(19,717)
(208,918)
(228,635)
55,942
55,942
(32,993)
22,949|**Total**
**2023**
**£**
784
259,735
23,676
382|
|---|---|---|
|||284,577|
|||(19,717)
(208,918)|
|||(228,635)|
|||55,942|
|||55,942
(32,993)|
|||22,949|
The notes on pages 9 to 19 form an integral part of these financial statements. Page 7
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **(Registration number: 10662971) Balance Sheet as at 31 August 2024**
|**Note**
**Fixed assets**
Tangible assets
15
**Current assets**
Debtors
16
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
17
**Net current assets**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
18
**Net assets**
**Funds of the charity:**
**Restricted**
**Unrestricted income funds**
Unrestricted
**Total funds**
19|**2024**
**£**
9,531
4,239
101,978
106,217
(36,253)
69,964
79,495
(9,035)
70,460
871
69,589
70,460|**2023**
**£**
11,987
11,246
51,962|
|---|---|---|
|||63,208
(32,542)|
|||30,666|
|||42,653
(19,704)|
|||22,949|
|||-
22,949|
|||22,949|
For the financial year ending 31 August 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 6 to 19 were approved by the trustees, and authorised for issue on 22 May 2025 and signed on their behalf by:
......................................... J Routh Trustee
The notes on pages 9 to 19 form an integral part of these financial statements. Page 8
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
## **1 Charity status**
The charity is limited by guarantee, incorporated in United Kingdom, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
The address of its registered office is: 26 South St. Mary's Gate Grimsby North East Lincolnshire DN31 1LW
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with 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 (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
## **Basis of preparation**
Grimsby Ice Rink meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements cover the individual entity, Grimsby Ice Rink.
The financial statements are presented in sterling and rounded to the nearest pound.
## **Going concern**
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
## **Income and endowments**
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 the income receivable can be measured reliably.
Page 9
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
## _**Donations and legacies**_
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 by the charity 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 these conditions will be fulfilled in the reporting period.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## _**Deferred income**_
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:
- The donor specifies that the grant or donation must only be used in future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including finance, strategic management and trustees meetings and reimbursed expenses.
Page 10
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £500.00 or more are initially recorded at cost.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class** Office equipment Plant and machinery
**Depreciation method and rate** 20% straight line 20% straight line / 33% straight line
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted funds must only be used for a specific purpose.
Page 11
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
## **3 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants|**Unrestricted**
**funds**
**General**
**£**
478
-
478|**Restricted**
**funds**
**£**
-
950
950
**Unrestricted**
**funds**
**General**
**£**
563
221
784|**Total**
**2024**
**£**
478
950|
|---|---|---|---|
||||1,428|
||||**Total**
**2023**
**£**
563
221|
||||784|
Included within government grants are amounts relating to North East Lincolnshire Council Coronavirus small business grants of £nil (2023: £221).
## **4 Income from charitable activities**
|Ice rink operation
**Total for 2024**
**Total for 2023**
**5**
**Income from other trading activities**
Trading income;
Sales of goods and services
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
289,050
289,050
259,735
**Unrestricted**
**funds**
**General**
**£**
23,640
23,640
23,676|**Total**
**funds**
**£**
289,050|
|---|---|---|
|||289,050|
|||259,735|
|||**Total**
**funds**
**£**
23,640|
|||23,640|
|||23,676|
Page 12
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
## **6 Investment income**
|Interest receivable and similar income;
Interest receivable on bank deposits
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
1,075
1,075
382|**Total**
**funds**
**£**
1,075|
|---|---|---|
|||1,075|
|||382|
## **7 Expenditure on raising funds**
## **a) Costs of trading activities**
|**Note**
Costs of goods sold
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
25,773
25,773
19,717|**Total**
**funds**
**£**
25,773|
|---|---|---|
|||25,773|
|||19,717|
## **8 Expenditure on charitable activities**
|Ice rink operation
**Total for 2023**|**Activity**
**undertaken**
**directly**
**£**
171,577
158,822|**Activity**
**support**
**costs**
**£**
70,332
50,096|**Total**
**expenditure**
**£**
241,909|
|---|---|---|---|
||||208,918|
Page 13
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
## **9 Analysis of governance and support costs**
## **Support costs allocated to charitable activities**
|**Support costs allocated to charitable activities**||||||
|---|---|---|---|---|---|
|**Basis of**
**allocation**
Ice rink operation
**Basis of**
**allocation**
Ice rink operation|**Governance**
**costs**
**£**
9,755
**Governance**
**costs**
**£**
6,692|**Finance**
**costs**
**£**
**Administration**
**costs**
**£**
10,296
24,231
**Finance**
**costs**
**£**
**Administration**
**costs**
**£**
9,779
12,005|**Premises**
**costs**
**including**
**depreciation**
**£**
24,262
**Premises**
**costs**
**including**
**depreciation**
**£**
20,992|**Other**
**support**
**costs**
**£**
1,788
**Other**
**support**
**costs**
**£**
628|**Total**
**2024**
**£**
70,332|
||||||**Total**
**2023**
**£**
50,096|
Page 14
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
Legal fees
Independent examiner fees
Examination of the financial statements
Legal fees
**10 Net incoming/outgoing resources**
Net incoming resources for the year include:
Operating leases - plant and machinery
Depreciation of fixed assets|**Unrestricted**
**funds**
**General**
**£**
5,576
4,179
9,755
**Unrestricted**
**funds**
**General**
**£**
4,922
1,770
6,692
**2024**
**£**
23,998
3,400|**Total**
**2024**
**£**
5,576
4,179|
|---|---|---|
|||9,755|
|||**Total**
**2023**
**£**
4,922
1,770|
|||6,692|
|||**2023**
**£**
23,998
3,614|
## **11 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **12 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Pension costs|**2024**
**£**
90,426
865
91,291|**2023**
**£**
77,764
925|
|---|---|---|
|||78,689|
Page 15
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
|Charitable support staff
No employee received emoluments of more than £60,000 during the year.|**2024**
**No**
11|**2023**
**No**
7|
|---|---|---|
||||
The total employee benefits of the key management personnel of the charity were £27,280 (2023 - £24,434).
## **13 Independent examiner's remuneration**
|||**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
|Examination|of the financial statements|5,576|4,922|
## **14 Taxation**
The charity is a registered charity and its activities are exempt from taxation.
## **15 Tangible fixed assets**
|**Cost**
At 1 September 2023
Additions
At 31 August 2024
**Depreciation**
At 1 September 2023
Charge for the year
At 31 August 2024
**Net book value**
At 31 August 2024
At 31 August 2023|**Furniture and**
**equipment**
**£**
56,455
944
57,399
44,468
3,400
47,868
9,531
11,987|**Total**
**£**
56,455
944
57,399
44,468
3,400
47,868
9,531
11,987|
|---|---|---|
Page 16
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
|**16 Debtors**
Trade debtors
Prepayments
Other debtors
**17 Creditors: amounts falling due within one year**
Bank loans
Trade creditors
Other taxation and social security
Other creditors
Accruals
Deferred income
Deferred income at 1 September 2023
Resources deferred in the period
Amounts released from previous periods
Deferred income at year end|**2024**
**£**
3,665
466
108
4,239
**2024**
**£**
10,031
17,499
836
131
4,748
3,008
36,253
**2024**
**£**
(2,597)
(3,008)
2,597
(3,008)|**2023**
**£**
8,734
774
1,738|
|---|---|---|
|||11,246|
|||**2023**
**£**
9,394
16,218
1,584
249
2,500
2,597|
|||32,542|
|||**2023**
**£**
(842)
(2,597)
842|
|||(2,597)|
## **Bank borrowings**
Included within bank borrowings is an amount of £19,066 advanced by the company’s bankers in respect of the Coronavirus Business Interruption Loan. This loan is repayable in equal instalments over 60 months commencing June 2021, and interest is payable on the loan at a rate of 2.5% over base rate.
## **18 Creditors: amounts falling due after one year**
|**18 Creditors: amounts falling due after one year**|||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|Bank loans|9,035|19,704|
Page 17
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
## **Grimsby Ice Rink**
## **Notes to the Financial Statements for the Year Ended 31 August 2024**
## **19 Funds**
|**19 Funds**|||||
|---|---|---|---|---|
|**Unrestricted**
General
**Restricted**
**Total funds**
**Unrestricted**
General
**20 Analysis of net funds**
Cash at bank and in hand
Debt due within one year
Debt due after more than one year
Net debt
Cash at bank and in hand
Debt due within one year
Debt due after more than one year
Net debt|**Balance at 1**
**September**
**2023**
**£**
22,949
-
22,949
**Balance at 1**
**September**
**2022**
**£**
(32,993)|**Incoming**
**resources**
**£**
314,243
950
315,193
**Incoming**
**resources**
**£**
284,577
**At 1**
**September**
**2023**
**£**
51,962
(32,542)
(19,704)
(284)
**At 1**
**September**
**2022**
**£**
37,122
(71,316)
(29,491)
(63,685)|**Resources**
**expended**
**£**
(267,603)
(79)
(267,682)
**Resources**
**expended**
**£**
(228,635)
**Financing**
**cash flows**
**£**
50,016
(3,711)
10,669
56,974
**Financing**
**cash flows**
**£**
14,840
38,774
9,787
63,401|**Balance at 31**
**August 2024**
**£**
69,589
871|
|||||70,460|
|||||**Balance at 31**
**August 2023**
**£**
22,949|
|||||**At 31 August**
**2024**
**£**
101,978
(36,253)
(9,035)
56,690
**At 31 August**
**2023**
**£**
51,962
(32,542)
(19,704)
(284)|
Page 18
Docusign Envelope ID: 571ED4F6-DAAB-4D0E-A680-077ED1978E14
**Notes to the Financial Statements for the Year Ended 31 August 2024**
## **Grimsby Ice Rink**
## **21 Related party transactions**
During the year the charity made the following related party transactions:
## **Jo Routh - Business Accountancy Services**
(Trustee)
A total of £659.20 was paid to the business as recharges for IT software and £109.99 as recharges for advertising. The transactions are carried out at cost with no benefit to the related party. At the balance sheet date the amount due to/from Jo Routh - Business Accountancy Services was £Nil (2023 - £Nil).
## **22 Analysis of net assets between funds**
|**22 Analysis of net assets between funds**||||
|---|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Unrestricted**
**funds**
**General**
**£**
8,660
106,217
(36,253)
(9,035)
69,589|**Restricted**
**funds**
**£**
871
-
-
-
871
**Unrestricted**
**funds**
**General**
**£**
11,987
63,208
(32,542)
(19,704)
22,949|**Total funds**
**at 31 August**
**2024**
**£**
9,531
106,217
(36,253)
(9,035)|
||||70,460|
||||**Total funds**
**at 31 August**
**2023**
**£**
11,987
63,208
(32,542)
(19,704)|
||||22,949|
Page 19