| Page | |||
|---|---|---|---|
| Report ofthe Trnstees | 1 | to | 3 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes tothe Financial Statements | 7 | to | 15 |
| Detailed Statement ofFinancial Activities | 16 | to | 17 |
| FOR T | YEAR | FND .D31JU | LY 2Q22 | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Unrestncted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | f. | |||||
| INCOME | AND ENDOWMXNTS FROM | |||||
| Donations | and legacies | 4,625 | 4,625 | 94,742 | ||
| Charitable | activities | |||||
| Skate Park | 212,586 | 212,586 | 137,003 | |||
| Other trading activities | 72,081 | 72,081 | 505663 | |||
| Other income | 21 595 | 21 595 | 3,552 | |||
| Total | 3111887 | 310887 | 285,960 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 34,017 | 34,017 | 26,905 | |||
| Charitable | activities | |||||
| Skate Park | 295,697 | 33,546 | 329,243 | 354,907 | ||
| Total | 329,714 | 33,546 | 363.260 | 381812 | ||
| NET INCOME~(EXPENDITURE) | (18,827) | (33,546) | (52,373) | (95,852) | ||
| RECONCII IATION OFFUNDS | ||||||
| Total funds | brought forward | 463,552 | 129,456 | 593,008 | 688,860 | |
| TOTAL FUNDS CARRIED FORWARD | 444,725 | 95,910 | 560 635 | 593,008 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| filllds | funds | funds | funds | ||
| f. | f. | ||||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 377,604 | 95,910 | 473,514 | 543,655 |
| CURRENT ASSETS | |||||
| Stocks | 13 | 1,900 | 1,900 | 1,672 | |
| Debtors | 14 | 6,099 | 6,099 | 8,353 | |
| Cash at bank and in hand | 6948S | 69485 | 60646 | ||
| 77,484 | 77,484 | 70,671 | |||
| CREDITORS | |||||
| Axnounts falling due within one year |
15 | (10,363) | (10363) | (21,318) | |
| NET CURRENT ASSETS | 67 121 | 67 121 | 49353 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 444,?2S | 95,910 | 5404635 | 593,008 | |
| NET ASSETS | 444 725 | 95910 | 540635 | S93008 | |
| FUNDS | 16 | ||||
| Unrestricted funds |
4445725 | 463,5S2 | |||
| Restricted funds |
95.910 | 129.456 | |||
| TOTAL FUNDS | 540635 | 593008 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| E | ||||||
| Ramp fund 8B:half Grants |
pipe donations | 625 ~4000 |
1,538 93/04 |
|||
| ~4625 | 94,742 | |||||
| Grants received, included | in the | above, are as follows: | ||||
| 2022 | 2021 | |||||
| E | ||||||
| School for Social | 6,000 | |||||
| Job Retention Scheme Furlough | 60,454 | |||||
| Cornwall Council |
Covid | Support | 4,000 | 26 750 | ||
| ~4000 | 93,204 | |||||
| 3. | OTHER TRADING ACTIVITIES | |||||
| 2022 | 2021 | |||||
| Sales: Cold Drinks | 5,567 | 5,286 | ||||
| Sales: Snack bar | 58,752 | 38,268 | ||||
| TShirt sales (Youth clothing) | 1„075 | 608 | ||||
| Sales: Merchandise | 1,956 | 1,394 | ||||
| Feed in tariff | 4,652 | 4,607 | ||||
| SaleofAdvertising | space | 500 | ||||
| Skate department | 60 | |||||
| BMX department | 19 | |||||
| ~72 081 | ~50 663 | |||||
| 4. | INCOME FROM | CHAMTABLK ACTIVITIES | ||||
| 2022 | 2021 | |||||
| Activity | ||||||
| Group bookings | Skate Park | 14,039 | 1,902 | |||
| Subscriptions and |
||||||
| membership | Skate Park | 176,881 | 127,293 | |||
| Venue hire | Skate Park | 5,631 | 750 | |||
| Skate school/ramp | hire | Skate Park | 11,795 | 4,150 | ||
| Other income | Skate Park | 800 | ||||
| Room/container rent hire |
Skate Park | 3440 | 2 003 | |||
| 212336 | 137.003 |
| Other trading | Other trading | activities | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Opening stock | 1,672 | 1,539 | ||||
| Purchases | 34,245 | 27,038 | ||||
| Closing stock | ~1,900) | ~1672) | ||||
| ~34 017 | ~26 905 | |||||
| 6. | CHARITABLE ACTIVITIES COSTS | |||||
| Direct | Support | |||||
| Costs {see | costs (see | |||||
| note 7) | note 8} | Totals | ||||
| Skate Park | 263,562 | 65,681 | 329,243 | |||
| 7. | DIRECT COSTSOFCHARITABLE ACTIVITIES | |||||
| 2022 | 2021 | |||||
| Staffcosts | 149,497 | 141,849 | ||||
| Establishment | costs | 11,057 | 13,384 | |||
| Repairs and | maintenance | 23,324 | 42,396 | |||
| Subscriptions | and donations | 3,222 | 2,052 | |||
| Equipment | hire | 1,101 | 1,101 | |||
| Cleaning | 3,443 | 1,606 | ||||
| Coaching | 2,269 | |||||
| BadDebts | 610 | |||||
| Depreciation | 71,918 | 85,982 | ||||
| 263,562 | 291 249 | |||||
| 8, | SUPPORT | COSTS | ||||
| Governance | ||||||
| Management | Finance | costs | Totals | |||
| Skate Park | 44,459 | 3,242 | 17,980 | 65,681 |
| Support costs | , included in the above, are as follows: |
||
|---|---|---|---|
| 2022 | 2021 | ||
| Skate | Total | ||
| Park | activities | ||
| Wages | 37,374 | 35,462 | |
| Office Expenses | 3,464 | 3,388 | |
| Travel and subsistence | 434 | 323 | |
| Irrecoverable | VAT | 13,282 | |
| Postage and stationery | 406 | 198 | |
| Advertising | 1,384 | 908 | |
| Sundries | 1,397 | 898 | |
| Bank charges Irrecoverable |
VAT | 3,242 7,55¹ |
2,060 |
| Legal and professional | 7,568 | 4,235 | |
| Accountancy | 2,858 | 2,904 | |
| 65,681 | 63,658 |
| STAFFCOSTS | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| f. | |||||
| Wages and salaries | 166671 | 177,311 | |||
| 186,871 | 177,311 | ||||
| The average monthly | number ofemployees | during | the year was as follows: | ||
| 2022 | 2021 | ||||
| Management | 1 | 1 | |||
| Administration | 9 | 8 | |||
| 10 |
| M | OUNT | HAW | KK YO | UTH | AND COMMUNIT | AND COMMUNIT | AND COMMUNIT | Y GROUP |
|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| N | TO | C | ST T MENT | -con inued | |||||||||
| FOR | . | AR | D31 | Y | 22 | ||||||||
| 11. | COMPARATIVES | FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||||||||
| Unrestricted | Restricted | Total | |||||||||||
| funds | funds | funds | |||||||||||
| f | f | ||||||||||||
| INCOME | AND ENDOWMENTS | FROM | |||||||||||
| Donations | and legacies | 93,204 | 1,538 | 94,742 | |||||||||
| Charitable | activities | ||||||||||||
| Skate Park | 137,003 | 137,003 | |||||||||||
| Other trading activities | 50,663 | 50,663 | |||||||||||
| Other income | 3 552 | 3 552 | |||||||||||
| Total | 284422 | 1,538 | 285,960 | ||||||||||
| EXPENDITURE ON | |||||||||||||
| Raising funds | 26,905 | 26,905 | |||||||||||
| Charitable | activities | ||||||||||||
| Skate Park | 312,823 | 42,084 | 354,907 | ||||||||||
| Total | 339,728 | 42,084 | 381,812 | ||||||||||
| NKT INCOME/(EXPENDITURE) | (S5,306) | (40,546) | (95,852) | ||||||||||
| RECONCILIATION | OF FUNDS | ||||||||||||
| Total funds | brought | forward | 518,859 | 170,001 | 688,860 | ||||||||
| TOTAL FUNDS CARRIED | FORWARD | 463S53 | 129,455 | 593,008 | |||||||||
| 12. | TANGIBLE FIXED ASSETS | ||||||||||||
| Freehold | Plant and | Computer | |||||||||||
| property | machinery | equipment | Totals | ||||||||||
| E | f. | ||||||||||||
| COST | |||||||||||||
| At 1 August 2021 | 354,654 | 353,051 | 291 | 707,996 | |||||||||
| Additions Disposais |
1,765 ~802) |
379 | 2,144 ~802) |
||||||||||
| At 31July | 2022 | 354 | 654 | 354,014 | 670 | 709,338 | |||||||
| DEPRECIATION | |||||||||||||
| At 1 August 2021 | 34,059 | 130,122 | 160 | 164,341 | |||||||||
| Charge for Eliminated |
year on disposal |
16,030 | 55,813 ~435) |
7S | 71,918 ~435) |
||||||||
| At 31July | 2022 | 50,089 | 185500 | 235 | 235,824 | ||||||||
| NET BOOK VALUE | |||||||||||||
| At 31 July | 2022 | 304 | 565 | 168 514 | 435 | 473 514 | |||||||
| At 31July | 2021 | 320,59S | "22929 | 131 | 543 655 |
| 13. | STOCKS | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Stocks | ~1900 | ~1672 | ||
| 14, | DEBTORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2022 | 2021 | |||
| Trade debtors | 3,483 | 1,408 | ||
| Other debtors | 2,150 | 1,650 | ||
| VAT | 3,834 | |||
| Prepayments | and accrued income | 466 | ~1461 | |
| ~8353 | ||||
| 15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| E | ||||
| Trade creditors | 2,046 | 14,420 | ||
| Taxation and | social security | 5,213 | 1,646 | |
| Other creditors | 3,104 | ~5252 | ||
| ~10 363 | ~2].318 |
| MOVEMEN | T IN FUNDS | ||||
|---|---|---|---|---|---|
| Net | Transfers | ||||
| movement | between | At | |||
| At 1/8/21 | in funds | funds | 31/7/22 | ||
| Unrestricted | funds | ||||
| General fund | 49,354 | 18,744 | (977) | 67,121 | |
| Fixed Asset | Reserve | 414,198 | 137571) | 9/7 | 377 604 |
| 463,552 | (18,827) | 444,725 | |||
| Restricted funds | |||||
| Pump Track | Project | 32,344 | (8,086) | 24,258 | |
| Outdoor Skate Plaza Project | 97,112 | ~25,460) | 71 652 | ||
| 129456 | 133546) | 95,910 | |||
| TOTAL FUNDS | 593008 | 52.373 | 540,635 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in hmds | ||
| f, | f. | |||
| Unrestricted | funds | |||
| General Rnd | 310,086 | (291,342) | 187744 | |
| Fixed Asset Reserve | 801 | ~35,372 t | ~37,571) | |
| 310,887 | (3295714) | (18,82'7) | ||
| Restricted funds | ||||
| Pump Track | Project | (8,086) | (8,086) | |
| Outdoor Skate Plaza Project | ~25460) | 125460) | ||
| ~33,546) | 33546 | |||
| TOTALFUNDS | ~363260) | ~52 373) |
| Comparative | s for movement ln funds |
||||
|---|---|---|---|---|---|
| Net | Transfer. | ||||
| movemenl | betv een | At | |||
| At 1!8!20 | m funds | funds | 31!7!21 | ||
| f, | |||||
| Unrestricted | funds | ||||
| General fund | 98,412 | (11,408) | (37,650) | 49,354 | |
| Fixed Asset | Reserve | 420,447 | ~43 699) | 377650 | 414,198 |
| 518,859 | (55,307) | 463,552 | |||
| Restricted funds | |||||
| Pump Track | Project | 437125 | (10,781) | 32,344 | |
| Outdoor Skate Plaza Project | 126.876 | ~29,764) | 97 112 | ||
| 170,001 | ~(40,545 | 179,456 | |||
| TOTALFUNDS | 6611 f160 | ~95,65F) | 593,008 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 284,422 | (295,830) | (11,408) | |
| Fixed Asset | Reserve | f43,899) | ~43 899) | |
| 284,422 | (339,729) | (55,307) | ||
| Restricted funds |
||||
| Pump Track Project Outdoor Skate Plaza Project |
1 538 | (10,781) j3!302) |
(10,781) ~29 764) |
|
| 1,538 | ~42 Of!3) | ~40,545 | ||
| TOTALFUNDS | 285,960 | ~381,812) | ~95,852) |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1/8/20 | in funds | funds | 31/7/22 | ||
| f. | |||||
| Unrestricted | funds | ||||
| General fund | 98,412 | 7,336 | (38,627) | 67,121 | |
| Fixed Asset | Reserve | 420,447 | ~81 470 | 38 627 | 377,604 |
| 518,859 | (74,134} | 444,725 | |||
| Restricted funds | |||||
| Pump Track | Project | 43,125 | (18,867) | 24,258 | |
| Outdoor Skate Plaza Project | 126,876 | ~55,224) | 71,652 | ||
| 170001 | 74091 | 95910 | |||
| TOTAL FUNDS | 688 860 | f148325) | 540,635 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 594,508 | (587,172) | 7„336 | |
| Fixed Asset Reserve | 801 | ~82,27!} | ~8),470) | |
| 595,309 | (669,443) | (74,134) | ||
| Restricted funds | ||||
| Pump Track | Project | (18,867) | (18,867) | |
| Outdoor Skate Plaza Project | 1,538 | ~56,762) | ~55 24) |
|
| 1 538 | 75,629 | 174091) | ||
| TOTAL FUNDS | 596847 | ~745,072) | ~148 25) |
| BECOME AND ENDOWMENTS | BECOME AND ENDOWMENTS | BECOME AND ENDOWMENTS | ||
|---|---|---|---|---|
| Donations «nd legacies |
||||
| Ramp fund k, half | pipe donations | 625 | 1,538 | |
| Grants | 4000 | 93/04 | ||
| 4,625 | 94,742 | |||
| Other trading activities |
||||
| S«1es:Cold Drinks | 5,567 | 5 286 | ||
| Sales: Snack bar | 58,752 | 38,268 | ||
| T Shirt sales (Youth | clothmg) | 1,075 | 608 | |
| Sales: Merchandise | 1,956 | 1,394 | ||
| Feed in tariff | 4,652 | 4,607 | ||
| Sale ofAdvertising | space | 500 | ||
| Skate department | 60 | |||
| BMXdepartment | 19 | |||
| 72,081 | 50,663 | |||
| Charitable activities |
||||
| Group bookings | 14,039 | 1,902 | ||
| Subscriptions and |
membership | 176,881 | 127,293 | |
| Venue hire | 5,631 | 750 | ||
| Skate school/ramp | hire | 11,795 | 4,150 | |
| Other income | 800 | |||
| Room/container rent |
hire | 2440 | 2 908 | |
| 212,586 | 137,003 | |||
| Other income | ||||
| Gain on sale oftangible fixed assets Insurance el' |
800 20,795 |
750 2,802 |
||
| 21,595 | 3,552 | |||
| Total incoming resources | 310,887 | 285,960 | ||
| EXPENDITURE | ||||
| Other trading activities |
||||
| Opening stock |
1,672 | 1,539 | ||
| Cost ofsales Closing stock |
34,245 ~1900) |
27,038 ~1.072) |
||
| 34,017 | 26,905 | |||
| Charitable activities |
||||
| Wages | 149,497 | 141,849 | ||
| Establishment costs |
11,057 | 13,384 | ||
| Repairs and maintenance | 23,324 | 42,396 | ||
| Subscriptions and |
donations | 3,222 | 2,052 | |
| Carried forward | 187,100 | 199,681 |
| i OUNT | CO2 | ITYGROUP | |||||
|---|---|---|---|---|---|---|---|
| DETAII ED | N | ACTIVITIES | |||||
| FORTHEYEAREND | D31 | Y2022 | |||||
| 2022 | 2021 | ||||||
| Charitable activities |
|||||||
| Brought forward | 187,100 | 199,681 | |||||
| Equipment hire |
1,101 | 1,101 | |||||
| Cleaning | 3,443 | 1,606 | |||||
| Coaching | 2,269 | ||||||
| Bad Debts | 610 | ||||||
| Freehold property | 16,030 | 16,648 | |||||
| Plant and machinery | 55,814 | 69,270 | |||||
| Computer equipment |
74 | 64 | |||||
| 263,562 | 291,249 | ||||||
| Support costs | |||||||
| Management | |||||||
| Wages | 37,374 | 35,462 | |||||
| Office Expenses | 3,464 | 3,388 | |||||
| Travel and subsistence | 434 | 323 | |||||
| Irrecoverable | VAT | 13,282 | |||||
| Postage and | stationery | 406 | 198 | ||||
| Advertising | 1,384 | 908 | |||||
| Sundries | 1,397 | 898 | |||||
| 44,459 | 54,459 | ||||||
| Finance | |||||||
| Bank charges | 3 P42 | 2,060 | |||||
| Governance | costs | ||||||
| Irrecoverable | VAT | 7,554 | |||||
| Legal and professional | 7,568 | 4,235 | |||||
| Accountancy | 2,858 | 2,904 | |||||
| 17980 | 7,139 | ||||||
| Total resources | expended | 363,260 | 381,812 | ||||
| Net expenditure | ~52,373) | ~95 852) |