REGISTERED COMPANY NUMBER: CEO¥J323 (England and WAlas} REGISTERED CHARITY NUMBER- 1192291 Re rtoftheT UnaLKllted Flnanclal ents For The Year Ended for prtme Ska TC Bromhead Limrted Harscornbe House 1 0arldaKe View Plymouth Devon PL6 TfL
Pme Con tsoftheFI atements For The Year End•d 30 Novemb Pag Report of the Trustees Independent EXle5 R¢F Staterneni of Financlal Actmtles Balan Sheet Noles to thè Flnanclal Stat•nwrts 8 to 13 Detalled Statwnont of Ffjnand Athilles 14
rl of the Trustee¥ The Iruslees present their retK)rt with the finlaT statements of Ihe charty for the perlod 1 Juty 2022 to 30 November 2023. The trustees have adopted the wovisKJns ol AcCJJnlig arwj ReportirKJ by Charli$.. Statement of Flecommended Pract applitrAble to charities preparirtg thr aCct in ar£ordare with the Fina131 Reporting Standard alICab the UK and Republ of IreL4fKI IFRS 1021 lefleL1Tve 1 Jarwary 20191. OBJECTIVES ANO ACfVtTIES Oblectlves and alrns To provide lor the inhabitants of the S¢xrttrwest of England the proviwn of knltss lor recreation and other leisure activities, including but not limited to skatM)arding. scooteri7g, and other wheded srtS. SSgnllicant actlvltles Provision of an indo)r skatepark for tre use of the put4 for all wheelecl actKJn sp)rts Isloteboarding, scootering, brnx. roller skalinul. and associated art lifesty actpiilies. itl1r0 turtion and edLticIn. With the inclus¥)n of wheeled Sports in the 2021 Olyrnpics there has been an UFwrge in inlerest in them and wovision of a sale. sup¢rvi59d environment for people to partake is a huge benefit to interestgj FQrties_ Publ1¢ bgnoflt The Trustees pay due regard to thè Charity Commission guiikn on trAtC bÈnÈtit and meet the réquiremènts tsl thè Charities Act 2011. We prov an indoor skatepark the use ol public and CatIng a community space. Prime has Implemented tuihon programmes fw rfs parb(xpants to turther th1 skilLs in treir thosen helping them progress and benefit their overdl mental aThl phYsal heah. The nalional governing body lo¥ skatebothing. Skatéboard GB, have partnered with us lor a nurn of inilk4tNeS and srie sèssiorng, onè ol which was Firsi FIs. Specificl¥deSigrd to briEW absolute gIrS Fllt(> 1he skatelx)ard world and leam new skilLs. Ajorside thè skatepakl( ladllty we have a&0 adwety promob.ng art arn1 projècts for our conynunity to gèt invow in_ It is hoped that thFS will eV0e as the tharity (kjes to errnp many more incluswe projects luraffiti worftshops, comrnunty art irtallati(. enlrepreneunJ owortunth"gs1. Grantrnaklng Prime doesnl have a g)eofK p1¢Y Cf grant rnthrwJ. bul the help of indeFEr(lent athsor Paul Read we have been exploring wh improvements can be made aTrY p)tent&il applicthns maje. Volunleers Our volunteer programrne is in its infancy at the mon)ent bui is gwniro momentum aThJ the interest from the parents of parti¢ipant8 is vary 111v&. Volunteers help the charity in many ways alre¥fy, hefping with tuition. organising oroup sessions, ramp maintènancè and bU11ng. Wth lundraiwng èvents vduntè6rs are int&graI in thè smooth running and salaty lor all participants_ As a skatepark faality Prime is very pr(MJd of thè irM)fvernèni of the wider c(Knmuniiy arourxl us. The parents, guardians of the particrpants and ltrt users rnsees reJise the benefits ol the facilty to society as a whole. Page 1
rt ol th• TFUStees For Thè Year Ended 30 Novtmb8Y 21Y23 ACHIEVEMENT AND PERFORMANCE Charitabl• actlvltles The tuition and stK)rt speufr beginner sessiorL5 in the park have ¢ontinu¢s to be very powlaf throughwt the year ¥ith many parbripants comiw al0 every week and enhanung thr slulb as we]188 buikling a of friends outside of their sch(x)Vhotne gnvirontnenL We receive 2 or 3 first lime wsitors neady evory week to Ih&se wsiorts aThJ with Ihe Otyp games b8ing hèkl in the surnmer this ha5 increased the interest In Prirne as a facilty- One nOteable rise triis yw has chiklren vnth special ayucationa needs. The SatebOarding ttiOn give these children something to foeus on Wha directy see tr results of tsir elforts arKI the gains are apparent. Many parents express to Ihe instructors thal this ig thè ellrOnmènt Iheirth"klren k)cA( forward to the rwst in th¢ wee th the axpansion ol our sociaj space, with the help ol sh initiaDves &5 Wartn Spaces, we have the use of the park and its outdoors sixxJ space grow. many young people coming to hang wt bJore they feel c¥)mfortable and safé. Th2 social space Is now almost complete is reaty tEing Fmrt to Ltse by other community grc¥Jps and for uses outside of Ihe whooled sports Ihe Prime ft£Ltses on. Public events Such as Ive music gigs. vtdeo a¥¥J photography W0sho6 and Art fwr5 have all been wdcowd. The continued provision of specifie evening sesyons for a variety of groups has seèn an increase in parhopants. 'Old Man Mondays. and 'Gits and Non &"nary' nMts are n(Mf very mLth part of rnany peoEAe's weeY c8lend wilh p8oplè enjoying noljust the skatepark itself the swal spacè arml community. Prirne Sk8tepark has an average of arou 2S)O partcipanis a month using the IlIrt throLJghout the past 12 months. This is an increase frorn the previous year and as mwtioned bèfore a goc<J percentage of these are new. first lime users. This we feel is a great rellection on Ihe facilibes arKI 5UPK that Prime prowdes as the have been a number of new council funded outdoor eoncrèrè skAteparks bjli t wthin a 20 rathus of Pnrne which wuld detract fmm usage Cpf our partf. but it seems Ihat younger skaters a1 scooter ridèrs are now sethng to ve some tuttion so that they are bettEr uipped to use the outdoor paJs safdy. This rélationship with our partiopants is also hcp&J to extfftl in Ihe tHing trK)nths arKI yeats as other Cou1 lund& skateparks have expressed interest in hawThJ Prime Skatepark piowide lurbon as tsir fa(ilth"&S. Prime has On again been proud to come a numiwT of S¢10[S ¢JJJing Ihe summer terrn enrichment weeks. Thi5 always proves very popular and the fee(bad( we receive Irorn tx)th Ihe chIldn and the sthools is hLSgoly posthvo. Home educated children are also regular visitors and user5 of the gwing many of Ihèm the physica actiwty Ihey want and their parentalcarers a wèlcome me our. This is espeaalty nottiab with SOEllQ of those who have spèci educalional neecls and berefit from a certified instluclor prssent. thai in mind Prime will te lry)king to hav¢ som¢ of the volunteers iraining ¢ethfi by SkateiM)ard GB_ FINANCIAL REVIEW Flnanclal posilion Tolal incoming ièsourc8s lor year were £179,891 trerpjd erktsj 30.1122.. £148,0301 which primarity came from mission fees and grant Irne. In total we spent £171.940 (per 30.1122 £146,069) year saw in¢o&sed costs in profesgonal fees lor ihe archV(ect fees. erall the eharity generated net incoming resources of £7,951 (pw)d eryled .11.22.. £1.9611. Total cash at bank has fallen to £610 Iperiod 30.11.22'. £52981. Total fvn(ts held by the charity 1$ £101.698 tiHHyJ ended 30.1122: £93.7471 of whth Ihere arè no restrtctèd funds IperKé en 30.11.22: £nill Prlnelpal lundlng sourc&s The tharity's principal Sour ol furth from Ihe Ltsers pay.ng for sess)ns in the skawrk. Prfor to the covid pandern we were regularty krj lurKlraiwng events to Tse bolh awareness of the facility and funds. Now that restrictions are being liftecl Pritre wll be orce again looknng to hokl mor¢ exciting and interesting fundraising events, with Ihe hol of expanding the Sk2trt{ into more of a scKial space. Pag& 2
PrIn Ska rt of the Truslees rEn 30 Novomber 21 FJNANCIAL REVIEW Reserves pollcy Prirne has a poltcy aim to hokj funds in reseNes lor any rw expeThYiture upkeep and maintenani of thè facility. As the ramps are wnstructed out there is a ressty to be able to repairl replace when needed. This ¢sn'l something that can be Janned so the hohjiry of fur in order to make repairs when nessary in order for the skaiepark to parform as intÈnded in a safe mannet for the users. Therefore the charty aim5 tt> hokl r8serves of £30,000. Prirne would not be able to contin if thè H)comings from atterKlarKe fuTrai%ir¥J from grants do not ¢ovor the runn19 costs of the nt of the prernise5 and ass(KtaI1 overtjeads. Cvrrenlly the charity holds free reserves of £57.788. This had tmjitt up in preparal'on L)f tIE development work and new café at the premises which FHS been irt1p1ement Ihe year eTrJ. Golng ¢on¢ern It is the trustees opinion that. givwt Ihe levd ol reserves ar¥J the performan ol Ihe charity sibxe the year end that tho tharity is a going eoncèrn. STRUCTURE, GOVERNANCE AMD MANAGEMEfrrr Govarnlng documènt The rharity is c[trOlled by its governing document, its Constit of a charitaNo inrx)rpxJrated organisation dated 5 October 2020. The orgarusation underwent a reOrgarMSath during this w)UntIng perb)d from a Communlty InreSt Company ICICI to a Charitabje IncoTForat8Y Organisation ICIOI. Thè transfer )k rAace on 12 N0vernr 2020_ Recruitment and ap]ntent ot new truslees Twstees have been sought frorn interested parties wh) hav8 an intèrest in tharitls airns and obiecÈNes. We have sought lo appoint trustees With a knowledgeatAe ba¢kgrourKI in skateboarding, art cornmunrty participation. They havo then been intgNewed aj asked how they wll conknbjte aThY hdp thè charity progress in tIE future. Organlsatlonal slructure lerall responsibilty lor the rnanageWnt of Charity is vestej in the Tllte8S. Day lo day the charty is managed by Nid)0188 Marker as Ihe CEO. Monthty megb.nos a hèld by the trustees to be kept up to d*è the &rns and objecbves_ REFERENCE AND ADMINISTRATIVE DAlLs Registèrèd Company number CE023523 (England and Wdesl Reglsl8red Charlty nurnber 1192291 Reglslered otllce ¥J Cornrnercial Road Plymouth Devon PL4 OLE Truste95 Mrs R Muscat Ireggned 4.1.231 Mrs S Lewry J H Knighl A D Partridge IndèpÈndèni Examlner TC Bromhead Limited HarSe0m Housg 1 Darklake VIÈW Plymouth Devon PL6 7TL Page3
ol Ihe Trust rTh Year End Novèmber 2023 Approved by orthr of the board of ttee5 on .. ... .. a1 sNJnsJ on ts behalf by.. J H Knight rustee Page 4
dent EXamIrf R Prlme Skat Trustees of Indopond•nt exomlner's r•port to tho trustees of Prlme Skatepark llhe Company? I retK)rt to the charity trustees on my examination ol the JxtNJnts ol thè Compary for the year ended 30 Novener 2023. Respons1111$ and basls ol report As the charity's trnstees of the Cotnpany larttl abo its (liwtors lor the Fwrposes of cxxnpany lawl you arè rèspons&)le for the preparatn of Ihe accounts in accord wth thè requirements Cowi8s Act 20061lhe 2006 ACY). HavirKJ sab"sfied myself that the acc(wJnts ol the Cofflpany are not wuired to be aJ1t9d undèr Part 16 of thè 2006 Aol are ellgibla for independent examination. I repcMI respect of my examination of your thrity accounts as carried Dul under SectiDn 145 of the charib.es Act 2011 (Yhe 2011 ACVI. In carying out my examination I have Ic41ow8d the Directions given by the ())aiity Commission urKlgrSe¢bon 145(51 Ibl of the 2011 Act Indèpèndent èxaminer's ststement I have cornpleted my examination. I confim tt)at no rnters have come to nry attentH)n in comed wrch exalnination giwng mè caus8 to b6li&v8.' actx)unting Tecords were not kept in respect ofthe Com[YaS wuired by Section 386 ofthe 2006 Act., or the aceounts do not accord with th<)se re)rdS., or the accounts dD not comply wth the aOUntIng requirements of S1)n 36 of lh8 2006 Aet other than any requirement that the accounts gNe a aThJ fair knew which is rK)l a matter conydered as parl ol an independent examinatK)n', or the accoun15 have not beon prepared in with the methtmts aml principles of the Statement of Recornrnendecl Practi for accounting reWJrt1 by charthes lapplicthe to charities preparing thei¥ accounts in accordance with the Finanaal Reporting Statvjard in the UK arKI F(ewbl¢c ol Ireland IFRS 10211. I havè no concerns and have acxoss no other maltets in connection wth the exanunation to whth attention shouh be drawn in this rewt rn orderto enab a proper un(rslarKlrtg ol the aOuntS to be reachgd. Neil Stevens ACA FCCA TC Bromhead Litnited Harsconkn House 1 Darldake View Plyrnouth Devon PL6 7TL Page 5
Prlme Ska ternent ol Flnancial Actlvltg ar Ended 30 Novemb 30.11.23 Tolal funds 30.11.22 Toial funds Unrestricled Restitted furvjs Notes INCOME AND ENDoWMEfS FROM Charitable actlvlyes Skatepark 148.030 EXPENDITURE ON charItab actlvltl•s Skatepark 152211 146,069 NET INCOME 7,951 7,951 1,961 RECONCIUATION CF FUNDS Total funds brought lorwarol 93,747 93,747 91.786 TOTAL FUNDS CARRIED FORWARD 93,747 The notes form Fart crf these tinanci sfatements Page 6
Prlrne Ska Balance Sheet 30 Novemb•r 2023 30.11.23 Total lunds 30.11.22 Total funds Unresfricted fund Restrictsd lunds Notes FIXEO ASSETS IntaThJible assets Tangible assets 667 43.910 41910 43,910 53,456 CURRENT ASSETS Debtors Cash at bank 82,213 610 82,213 610 79.777 5.298 VA 82,823 85.075 CREDITORS Amounts falling due wilhin one year 10 115.1281 115.128) 128.8181 NET CURREKf ASSErs 56,257 TOTAL ASSETS LESS CURRENT LIABILMES 111.605 109,713 CREDITORS Amounts IdlirKJ due aftei more trAn one year 19,90n (9.9071 115,9661 NET ASSETS FUNDS Unrestricted fvnds 13 101 698 93.747 TOTAL FUNDS 101698 93,747 The fin ial s ternents were approved by the Board of Tnjstees an(f aLrthorised for issue on and were Signed on tis behalf by: night rustee The notes lorm part of Ihese finanual statements Page 7
Prame Notes to tho Flnanclal Slatemenls ForTh Year Erhded 30 Novem er2 ACCOUNTING POLICIES Ba$1$ of prwrlng the Ilnanclal ststerrwts The fina statèmènls of th6 charitable IOrpatron organi8atron. whth is a publ benefit entity vnder FRS 102, have been prepared in aCcOrdae with the Charities WRP IFRS 1021 'Accwnting and Rern9 by Charities.. Statemwl ol Recornmended Practice WICab to charrties preparing their accounts in accordance th the Financial Reporting StsThJard aprjicabb in UK a1 FlepUt1 of Ireland IFRS 1021 lelfective 1 January 20191., Finanoal F¢eporting Standard 102 'The Finanoaj Reporb"ng Standard arvlIcab in thè UK and Republic of Iretand.. The finarria stalemenls have been wepared undor Ihe hIstoral o)sl convention. There are no Materi ertainlIeS thut the charity's th.lity to conkn.nue as a going (x)ncem. Income All incorne is cogniSed in the StalerrEnl of >£tNthes otKe the charity has entitlement to tha funds, it is prob&qe that the Income will be receNed and Ihe amtsuntn me&gJred reliabty. IornIng resources from charitatA& adwities are accounted for when earned. Skatepart( lees are recryised upon re¢eipt, payable uEon entry lo the parK or n0Trrefundab advance tJo)king. IrKoming resources Irom grants. 11Lj1no govemment grants, where reLgt8J to performance and stEcific dèliverables, are accounied for as the cFk3rtty the right to consideratK)n by its perfomianee. Other grants, where entitm&nt is not condilion on ihe delivery ot a pprfotMate by the charity, are recogrtisl whèn the charity tec(xnes uncond0naIY enttued tr) the grant. Where awicatle il is Tognised as grants deferred. Voluntary incornè e1Ved by way of (thatK)ns and ortts are included in lull in the &8temènt of Financial Activities when receivabte. The Val of semces provKknI by vduntgers has not been incIj1 in thes accounts. lllvestrnent itume is inclLkJed when l¥ab. Expendlturg Liabilities are recognIs as extEn(tittJre as 500n as Ih8ie Is a legat or (onsIn1ve obligation committing the tharity to thai expenditure. rt 15 probab thal a transfer of benefits wll be required In settlement and the arnount ol lh8 0alOn can be measured rdiabty. ExperKJrture is accounted for on an accruals basis an has been classified urKler headings that aggregate cost related to thg ¢alegory. Where costs cannot be directly attributed to Fklrticular headg5 Ihoy have 1CCa1 lo actiwties cffi a basi$ consi8teN with the use of r8sourcès. )aritaNe expendrture con¥ytses thoso <x)Sts incUed by the charrty in the delrvery of its aetiwiies aThS servKes for its beneficiari&s. Governan¢o ¢¢WS Inc4ude trw)se CJ)sts a$Sated with rneelÈng the constitubonal statutory requirements arKI strategi management ofthe tharity. All costs relate to thè ehaittable Nity ol charity and are alked agaÈnst charitable actsvities on a basis designed to reflect the use of the resource. Support costs are ail(TrtÈd to ead) charitsb activity based w Fercenlage of incotne ieceived to delwer ea service. Intanglble essets Intangible assets are measured al hi%tOriC (xtst amrtsab.on at the folkwing rate.. Q)rntKrter sofiware. 33% on cost Tanglbl& flxed assels Depreciation is prov at the following rate5 in ¢ydèr io writs off each asset over its estxnated usèful lffè. Short leaseho Fixtur and fittings Gomputer equipment 10% on Ix)si 25°k on reduaro anc• 25% on redwing balancè Taxatlon The charrty is exempl from rpOrat)n tax on rts charilaLle acbwb&s. Page 8 Continued...
Notes to the Flnencial Staternents. continued For The Y r Ended 30 November 2 ACCOUNTING POUCIES. contlnued Fund accounting Unrestricted funds can ba used in accorCe wth the charilthe obiectives at ts discretion of the tnL5tees. Restrt luThYs can lY bè used for tKulaT restrictj purposes thin the owts of the ¢harty. Restrictions arise when swfied by dorKY orwhen lurKts are raised for particular resMctJ puwes. Further explanation of the nature aTrJ purKN)se of eaL lurKJ ijed in the notes to the finalla1 statémènts. Hlre purchase and leang eommltments Rentals palé und8r (rating 8$e$ are chargeo lo the Statetnenl ol FinarKial Acbvities on a strght lin8 basis over the pericKY of lease. Gronts Pgyobl• Grants payable are recognised at the earfier of*then they a thIlY paKI. or when they are due to be paNJ. NEf INCOMEIIEXPENDITUREI Net [rOrnleXpe1itUreI is stalad afterehargirW{(xedrbng}: 30.11.23 30.11.22 Deprecialicrt)- owned a55ets her operating Jeases Computer software amortisat 8,879 46,383 667 7,119 44,200 1,000 INDEPENDE EXAMINERS. REMUNERATIOM 30.11.23 30.11.22 Fees paYae to the c17aritls indewthnt exarniners for Ihe indewjent exam ol the chaFily's finanaal staletnents Accountancy 885 3,805 3,946 TRUSTEES. REMUNERATION AND BENEFITS There were no trusl88s' reMUrratyn or other teneffts lor the year 30 November 2023 nor for the year ended 30 November 20. Trustses. expenses There were no trustees. expenses paKI for the year ended 30 November20 mr for the year ended 30 November 22. STAFF COSTS The average monthty number of ernoYeeS riThJ the year was as follows.. 30.11.23 30.11.22 Administration Page 9 olltinued...
Prlme Ska Note5 to the Flnancial Ststements- contlnu r The Year Ended 30 Nov8mber 2 COMPARATIVES FOR THE STATE11 OF FINANCIAL AcmvmES Unr¢stricted fuTh Restrfcted futKIs Total funds INCOME AND ENDOWMENfs FROM Charitable actlvltt•s Skateparf 148.030 148,030 EXPENDITURE ON Charltable actsvitiès Skatepark 146.069 146.069 NET INCOME Transfers belween lund5 1,961 1.961 movem8nt In fund$ 24.078 122,1171 1,961 RECONCILIATION FUNDS Total funds brought forward 69,669 22.117 91.786 TOTAL FUNDS CARRIED FORWARD 93,747 INTANGIBLE NXED ASSETS cOLrtr software COST At 1 December 2022 arKI 30 November2023 AMORTISATION At 1 December 2022 Chargè f year 2,333 667 At 30 November 2023 NET BOOK VALUE At 30 November 2023 At 30 NOVemr 2022 667 TANGIBLE FIXED ASSETS Ftxlurgs and "ngs Short a5ehc* Computer equiprnent Tots15 COST At 1 Decemter 2022 and 30 November 20Y3 76 DEPRECIATION At l December 2022 Charge for yèar 42,958 15,170 4.378 983 546 S9,111 At 30 November 2023 46.913 19¥8 1,529 67,990 NET BOOK VALUE At 30 November 2023 13.135 1.639 At 30 Novembèr 2022 33,091 2,185 52,789 Page 10 continued...
5 to the FInala1 Ststements- continued For The Year Ended 30 Nov mber 20Z3 DEBTORS: AmOUs FALLING DUE WITHIN ONE YEAR 30.11.23 30.11.22 Othèr dèbtors Piepayments and a(wd irrome 77.fj 76,094 82,213 10. CREDITORS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 30.11.23 30.11.22 Bank loans and overdrafts Isee note 121 Trade creditors SOCI and 0r taxes Other credilors Accrued expenses 6,059 1,704 4,065 1300 5,910 335 9.373 9,975 322S 28,818 11. CREDITORS: AMOUNTS FALUNG DUE AFfER MORE THAN ONE YEAR 30.11.23 30.11.22 Bank loans Isee note 121 12. LOANS An analyEis of the maivrity ol k)ans ig given I[OW.. 30.11.23 30.11.22 Amounts falling due within one year on demand: Bank loans 5.910 ArrKJunts falling due i*ikveeft Iwo and five years: Bank loans- 2-5 years 13. MOVEMEKf IN FiINDS Net movement in funds At 1.12.22 At 30.11.23 Unrestrlcted lunds Gengral fund 93,747 7,951 101,698 TOTAL FUNDS 101698 Page11 (x)ntinueil...
Notes to FInal81 StAt8mw¥ts- contlnuod For Th• Yèar End 30 November 2023 13. MoVEmEh IN FUNDS- conunued Net moVnent in funds. ir1¥ed in 1he above a as frAIow5: IncomirNJ Resources Movement in lunds Unrestrlcted tunds Genoral furyj 160.162 {152.211) 7.951 Restrlcted furKts Take A Part 19.729 (19.7291 TOTAL FUNDS 179,891 171 9401 Comparatlves tor movgment In lunds Net movèmant in funots Translers between fun At 1.12.21 At 30.11.22 UnrÈstrletÉd lun¢Js General furky 69.669 1.961 22,117 93,747 Rèstrlcted lunds Postcodo Lottery TaCIng Inwu&ities Fund 19,497 119,4971 22,117 TOTAL FUNDS Comparative net movernent in funds. irtlL*JL)J in the above are as lollows.. Incorning Resources expended M0mnt in fur8 Unrestrlcted lunds Geral furKI 148.030 I146,(9} 1.961 TOTAL FUNDS 148,030 146,0691 1,961 A current year 12 months and prtor year 12 combin&J positDn is as lolk)ws". Nel moverrent In funds Transfers b&iwe6n fufttÈ At 1.12.21 At 30.11.23 Unrestrlcted lund$ General furKI 69.669 9.912 22.117 101,698 Restricted fund$ Postcode Lottery Tadtling Inequdities FuThJ 19.497 119,4971 2,6201 22.117 TOTAL FUNDS 91.786 9.912 101,698 Page 12 continued...
Flnancial Statements. conllnued For The Year Ended 30 Nov r 2023 13. MOVEME IN FUNDS- continued A (wrrent year 12 mnths and prior year 12 months combined net movement in funds. included in the above are as follows.. Incomir¥J resources Resources expended Movemeni in fun(Lq Unr&$trl¢t¢d lund$ General fund 308,192 1298,2801 9.912 Aestrlet8d funds Take A Part 19,729 119,7291 TOTAL FUNDS 327.921 318.009 In this financial year the chartiy receive£l a grant of £19,729 Irom the'Poste(Klè Lottery Trusy which was restricted for the project to improve the facilities at the Skatepa Thèse fundB have been spenl during the year. Devon County cour11 fund was for the Tai*Jing Inequaliiies Prop These tun(ts were spent on irnprovements to the patk uipment. These We transferred to unrèstricted res8rves as the restriction releases upon spending of funds. 14. RELATED PARTY OISCLOSUFies A loan exfists wilh Prime Retwl Limrted, whose sole director IMI N Mather) manages the charity on a day to day basis. As at 30 November 2023 £51.439 is owed to Prirne Skatepth by Prirne Retail rnrted 130.11.22 £51,134). 15. GRAwfs PAYABLE In the period ended 30 Novernber 2023, £19.729 was pa.d to Take A Part. There were no grants paid in the period to 30 November 2022. Page13
DBlailed Statemerrt of Nnanclal ActltI•$ r Th Y•ar Ended 30 Novem r 20fJ 30.11.22 30.1122 INCOME AND ENDOWMENTS Charltable acttvlties ste Park Irwme Grants 159012 137,380 179,891 148,030 Total Incomlng rnsouregs 179.891 148.030 EXPENDrruRE ChArltable actlvltles Wages Other opcrating lèages Rates and water Insurance ght and heat Evènt costs Repars & maintenance to park Cleaning 67.583 64,257 44,200 2,343 5,438 3,221 809 S,841 1,983 7.754 4.424 15 3.087 132.646 127,744 Support costs Flnan Bank loan interest Bank charu&s Other interest charges 479 993 678 512 1,754 2.230 Other Postage anoj Swionery Sundrie$ Legd & professi1 fees Statt Training Subscriptions Advertising Grants rAyable Computer software dewèciatk Short leasehold dopreciation Fixtures and fittings depreciation Computer equipment deprèciation 406 953 767 374 322 511 19,729 667 3,955 4,378 170 803 1,971 25 221 98 1,000 3.605 2.784 728 11.405 Governance costs Indèpendeni Examiners, remuneration Accountancy 885 Tts1 rasouress expended 146.C69 Net Income This page does not form part of the stamrtory finarla1 statements Paoe 14