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|---|---|---|---|---|
|Report ofthe Trustees||1|to|4|
|Independent
Examiner's|Report||||
|Statement ofFinancial Activities|||||
|Balance Sheet|||||
|Cash Flow Statement|||||
|Notes to the Cash Flow|Statement||||
|Notes to the Financial Statements||10|to|15|
|Detailed Statement ofFinancial Activities||16|to|17|
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||FOR T|HE YEAR ENDE|D 31JULY 2020|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
|||Notes||||
|INCOME|AND ENDOWMENTS FROM|||||
|Donations|and legacies||598,594|214,135|812,729|
|Charitable|activities|||||
|Skate Park|||203,416||203,416|
|Other trading activities|||69,713||69,713|
|Total|||871,723|214,135|1,085,858|
|EXPENDITURE ON||||||
|Raising funds|||41,817||41,817|
|Charitable|activities|||||
|Skate Park|||311,047||355,181|
|Total|||352,864|44,134|396,998|
|NET INCOME|||518,859|170,001|688,860|
|TOTAL FUNDS CARRIED FORWARD|||518,859|170,001|688,860|
|MOUNT HA|WKE YOUTH AND COMMU|NITY GROUP|||
|---|---|---|---|---|
||BALANCE SHEET||||
||31JULY 2020||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
||Notes||||
|FIKEDASSETS|||||
|Tangible assets||420,448|170,001|590,449|
|CURRENT ASSETS|||||
|Stocks|12|1,539||1,539|
|Debtors|13|9,850||9,850|
|Cash at bank and in hand||95,181||95,181|
|||106,570||106,570|
|CREDITORS|||||
|Amounts
falling due within one year|14|(8,159)||(8,159)|
|NET CURRENT ASSETS||98,411||98,411|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES||518,859|170,001|688,860|
|NET ASSETS||518,859|170,001|688,860|
|FUNDS|15||||
|Unrestricted
funds||||518,859|
|Restricted
funds||||170,001|
|TOTAL FUNDS||||688,860|
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|RECONCILIATIO
ACTIVITIES|N
OFNE|T INCOME TO NET CASH FLOW FROM OPERAT|ING|
|---|---|---|---|
|Net income for the|reporting|period (asper the Statement ofFinancial||
|Activities)|||688,860|
|Adjustments
for:||||
|Depreciation
charges|||78,359|
|Increase in stocks|||(1,539)|
|Increase in debtors|||(9,850)|
|Increase in creditors|||8,159|
|Net cash provided|by operations||763,989|
||At 1/8/19|Cash flow|At 31/7/20|
|---|---|---|---|
|Net cash||||
|Cash at bank and in hand||95,181|95,181|
|||95,181|95,181|
|Total||95,181|95,181|
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|DONATIONS
AND LE|DONATIONS
AND LE|GACIES||
|---|---|---|---|
|Donation from previous||entity|590,519|
|Ramp fund&half pipe donations|||2,170|
|Grants|||220,040|
||||812,729|
|Grants received, included||in the above, are as follows:||
|Rural Payments
Agency|||154,465|
|School for Social|||4,750|
|Job Retention Scheme Furlough|||34,825|
|Cornwall
Council|Covid|Support|25,000|
|Charities Aid Foundation|||1,000|
||||220,040|
|OTHER TRADING ACTIVITIES||||
|Sales: Cold Drinks|||4,493|
|Sales: Snack bar|||60,890|
|TShirt sales (Adults)|||50|
|TShirt sales (Youth clothing)|||1,821|
|Sales: Merchandise|||1,919|
|Feed in tariff|||15|
|Sale ofAdvertising|space||525|
||||69,713|
|INCOME FROM|CHARITABLE ACTIVITIES|||
|||Activity||
|Group bookings||Skate Park|1,571|
|Subscriptions
and||||
|membership||Skate Park|161,917|
|Venue hire||Skate Park|5,245|
|Skate school/ramp|hire|Skate Park|13,949|
|Room/container
rent hire||Skate Park|19,395|
|Scooter hire||Skate Park|1,339|
||||203.416|
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||Purchases||||||43,356|
|---|---|---|---|---|---|---|---|
||Closing stock||||||(1,539)|
||||||||41,817|
|6.|CHARITABLE ACTIVITIES COSTS|||||||
||||||Direct|Support||
||||||Costs (see|costs (see||
||||||note 7)|note 8)
f|Totals|
||Skate Park||||260,039|95,142|355,181|
||DIRECT COSTSOFCHARITABLE ACTIVITIES|||||||
||Staffcosts||||||140,350|
||Establishment||costs||||11,573|
||Repairs and|maintenance|||||19,771|
||Subscriptions||and donations||||2,700|
||Equipment|hire|||||1,018|
||Cleaning||||||1,542|
||Coaching||||||4,726|
||Depreciation||||||78,359|
||||||||260,039|
|8.|SUPPORT|COSTS||||||
|||||||Governance||
|||||Management
f|Finance|costs|Totals
f|
||Skate Park|||82,547|6,812|5,783|95,142|
||Support costs,||included|in the above, are as follows:||||
||||||||Skate|
||||||||Park|
||Wages||||||35,088|
||Office Expenses||||||4,122|
||Travel and subsistence||||||485|
||Irrecoverable||VAT||||39,871|
||Postage and|stationery|||||395|
||Advertising||||||2,101|
||Sundries||||||485|
||Bank charges||||||4,540|
||Loan interest||||||2,272|
||Legal and professional||||||3,224|
||Accountancy||||||2,559|
||||||||95,142|
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|STAFFCOSTS||||
|---|---|---|---|
|Wages and salaries|||175,438|
||||175,438|
|The average monthly|number ofemployees|during the year was as follows:||
|Management||||
|Administration||||
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|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||Freehold|Plant and|Computer||
||property|machinery
f|equipment|Totals|
|COST|||||
|Additions|348,224|320,293|291|668,808|
|DEPRECIATION|||||
|Charge for year|17,411|60,852|96|78,359|
|NET BOOK VALUE|||||
|At 31July 2020|330,813|259,441|195|590,449|
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|DEBTORS:|AMOUNTSFALLINGDUEWITHINONEYEAR||
|---|---|---|
|||f|
|Trade debtors||5,484|
|Other debtors||1,650|
|VAT||1,912|
|Prepayments|and accrued income|804|
|||9,850|
|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|Trade creditors||1,486|
|Taxation and|social security|2,087|
|Other creditors||4,586|
|||8,159|
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|MOVEMENT IN FUNDS|||||
|---|---|---|---|---|
|||Net|Transfers||
|||movement|between|At|
|||in funds|funds|31/7/20|
|Unrestricted
funds|||||
|General
fund||130,488|(32,076)|98,412|
|Fixed Asset Reserve||388,371|32,076|420,447|
|||518,859||518,859|
|Restricted funds|||||
|Pump Track Project||43,125||43,125|
|Outdoor Skate Plaza Project||126,876||126,876|
|||170,001||170,001|
|TOTAL FUNDS||688,860||688,860|
|Net movement
in funds, included|in the above are as follows:||||
|||Incoming|Resources|Movement|
|||resources|expended
f|in funds|
|Unrestricted
funds|||||
|General
fund||449,127|(318,639)|130,488|
|Fixed Asset Reserve||422,596|(34,225)|388,371|
|||871,723|(352,864)|518,859|
|Restricted funds|||||
|Pump Track Project||57,500|(14,375)|43,125|
|Outdoor Skate Plaza Project||156,635|(29,759)|126,876|
|||214,135|(44,134)|170,001|
|TOTAL FUNDS||3,085,858|(396.998)|688,860|
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|INCOME AND ENDOWMENTS|INCOME AND ENDOWMENTS||
|---|---|---|
|Donations and legacies|||
|Donation
from previous|entity|590,519|
|Ramp fund&half pipe donations||2,170|
|Grants||220,040|
|||812,729|
|Other trading activities|||
|Sales: Cold Drinks||4,493|
|Sales: Snack bar||60,890|
|TShirt sales (Adults)||50|
|TShirt sales (Youth clothing)||1,821|
|Sales: Merchandise||1,919|
|Feed in tariff||15|
|Sale ofAdvertising
space||525|
|||69,713|
|Charitable
activities|||
|Group bookings||1,571|
|Subscriptions
and membership||161,917|
|Other (to split in word)||39,928|
|||203,416|
|Total incoming
resources||1,085,858|
|EXPENDITURE|||
|Other trading activities|||
|Cost ofsales||43,356|
|Closing stock||(1,539)|
|||41,817|
|Charitable
activities|||
|Wages||140,350|
|Establishment
costs||11,573|
|Repairs and maintenance||19,771|
|Subscriptions
and donations||2,700|
|Equipment
hire||1,018|
|Cleaning||1,542|
|Coaching||4,726|
|Freehold property||17,411|
|Plant and machinery||60,852|
|Computer
equipment||96|
|||260,039|
##
||FOR THE YEAR ENDED|31JULY 2020|
|---|---|---|
|Support costs|||
|Management|||
|Wages||35,088|
|Office Expenses||4,122|
|Travel and subsistence||485|
|Irrecoverable|VAT|39,871|
|Postage and stationery||395|
|Advertising||2,101|
|Sundries||485|
|||82,547|
|Finance|||
|Bank charges||4,540|
|Loan interest||2,272|
|||6,812|
|Governance|costs||
|Legal and professional||3,224|
|Accountancy||2,559|
|||5,783|
|Total resources|expended|396,998|
|Net income||688,860|