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 P￿me Con tsoftheFI atements For The Year End•d 30 Novemb Pag Report of the Trustees Independent EX￿l￿e￿5 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 fin￿laT statements of Ihe charty for the perlod 1 Juty 2022 to 30 November 2023. The trustees have adopted the wovisKJns ol AcCJJnl￿ig arwj ReportirKJ by Charli￿$.. Statement of Flecommended Pract￿￿ applitrAble to charities preparirtg th￿r aCc￿￿t￿ in ar£ordar￿e with the Fina￿131 Reporting Standard a￿lICab 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 skat*M)arding. scooteri7g, and other wheded s￿rtS. 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. it￿l￿1r0 turtion and edL￿ticIn. 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 C￿atIng a community space. Prime has Implemented tuihon programmes fw rfs parb(xpants to turther th￿1 skilLs in treir thosen helping them progress and benefit their overdl mental aThl phYs￿al hea￿h. The nalional governing body lo¥ skatebothing. Skatéboard GB, have partnered with us lor a nurn￿ of inilk4tNeS and s￿rie sèssiorng, onè ol which was Firsi FI￿s. Specific￿l¥deSigr￿d to briEW absolute ￿gI￿r￿S Fllt(> 1he skatelx)ard world and leam new skilLs. Ajor￿side 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 eV0￿e as the tharity (kjes to er￿rnp￿ many more incluswe projects luraffiti worftshops, comrnunty art ir￿tallati(￿. enlrepreneunJ owortunth"gs1. Grantrnaklng Prime doesnl have a g)eofK p￿1¢Y C*f 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 bU1￿1ng. 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 ￿rnse￿es 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 th￿r 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 Oty￿p￿ games b8ing hèkl in the surnmer this ha5 increased the interest In Prirne as a facilty- One nOt￿eable rise triis yw has chiklren vnth special ayucationa needs. The S￿atebOarding t￿tiOn 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 ell￿rOnmènt Iheirth"klren k)cA( forward to the rwst in th¢ wee th the axpansion ol our sociaj space, with the help ol s￿h initiaDves &5 Wartn Spaces, we have the use of the park and its outdoors sixxJ space grow. many young people coming to hang wt b*Jore 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 W0￿sho￿6 and Art fwr5 have all been wdcow*d. 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' n￿Mts are n(Mf very mLth part of rnany peoEAe's wee￿Y 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 I￿lIrt￿ throLJghout the past 12 months. This is an increase frorn the previous year and as mwtioned bèfore a goc hokl r8serves of £30,000. Prirne would not be able to contin￿ if thè H)comings from atterKlarKe fuTr*ai%ir¥J from grants do not ¢ovor the runn￿19 costs of the ￿nt of the prernise5 and ass(KtaI￿1 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 In￿reSt Company ICICI to a Charitabje IncoTForat8Y Organisation ICIOI. Thè transfer ￿)k rAace on 12 N0vern￿r 2020_ Recruitment and ap￿]nt￿ent 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 a￿j asked how they wll conknbjte aThY hdp thè charity progress in tIE future. Organlsatlonal slructure l*erall responsibilty lor the rnanageW￿nt of Charity is vestej in the Tll￿te8S. 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 D￿AlLs 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 t￿￿tee5 on .. ... .. a￿1 sNJnsJ on ts behalf by.. J H Knight rustee Page 4 dent EXamI￿rf 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 Noven*er 2023. Respons1￿111￿$ 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 preparat￿n 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 a￿J1t9d 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 rn*ters 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 a￿OUntIng requirements of S￿1)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 a￿OuntS 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 Actlvlt*g ar Ended 30 Novemb 30.11.23 Tolal funds 30.11.22 Toial funds Unrestricled Restitted furvjs Notes INCOME AND ENDoWME￿fS 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 I￿Orp￿atron organi8atron. whth is a publ￿ benefit entity vnder FRS 102, have been prepared in aCcOrda￿e with the Charities WRP IFRS 1021 'Accwnting and Re￿r￿n9 by Charities.. Statemwl ol Recornmended Practice WICab￿ to charrties preparing their accounts in accordance th the Financial Reporting StsThJard aprjicabb in UK a￿1 FlepUt*1￿ 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 hIstor￿al 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 amtsunt￿n me&gJred reliabty. I￿ornIng 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. 11￿L￿j1no 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 entit￿m&nt is not condilion￿ on ihe delivery ot a pprfotMat￿e by the charity, are recogrtis*l whèn the charity tec(xnes uncond￿0naIY enttued tr) the grant. Where awicatle il is T￿ognised 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 incI￿j￿1 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 (onsIn￿1ve 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 0￿￿￿alOn 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 head￿g5 Ihoy have ￿1CCa1￿ lo actiwties cffi a basi$ consi8teN with the use of r8sourcès. )aritaNe expendrture con¥ytses thoso