## **REPORTS AND FINANCIAL STATEMENTS FOR THE FIRST PERIOD ENDED 31ST MARCH 2023**
## **SKATE SUFFOLK**
(Charitable Incorporated Organisation)
**CHARITY REGISTRATION No: 1197863**
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
## **SKATE SUFFOLK**
(Charitable Incorporated Organisation)
## **CONTENTS**
|Page 3|Legal and Administrative Information|
|---|---|
|Pages 4 to 5|Trustees' Report|
|Page 6|Statement of Financial Activities|
|Page 7|Balance Sheet|
|Pages 8 to 13|Notes to the Financial Statements|
|Page 14|Independent Examiner's Report|
2
## **SKATE SUFFOLK**
(Charitable Incorporated Organisation)
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**CHARITY NUMBER** 1197863 **DATE OF REGISTRATION** 10th February 2022 **START OF FINANCIAL PERIOD** 10th February 2022 **END OF FINANCIAL PERIOD** 31st March 2023 **TRUSTEES AT 31ST MARCH 2023** Jamie Martin-Edwards Lachlan Radley Thomas Swarman Adam Gould Benjamin Brown Isobel Carter Max Melwani George Yarnton **LEGAL STATUS** Charitable Incorporated Organisation **GOVERNING INSTRUMENT** CIO - Foundation Registered 10th February 2022
## **OBJECTS**
The object of the CIO is: The promotion of community participation in healthy recreation in Suffolk in particular through the provision of facilities to participate in Skateboarding (For the purpose of this clause 'Facilities' means Land, Buildings, Equipment, Access to Coaching and Organising Sporting Activities.
**CORRESPONDENCE ADDRESS** Little Meadows Farm Banyards Green Laxfield Woodbridge IP13 8EU **PRIMARY BANKERS** National Westminster Bank Plc Ipswich Branch Tavern Street Ipswich Suffolk IP1 3BD **INDEPENDENT EXAMINERS** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
3
## **SKATE SUFFOLK**
(Charitable Incorporated Organisation)
## **TRUSTEES' REPORT FOR THE FIRST PERIOD ENDED 31ST MARCH 2023**
## **Objectives and Activities**
The object of the CIO is: The promotion of community participation in healthy recreation in Suffolk in particular through the provision of facilities to participate in Skateboarding.
We have provided equipment and resources to ensure that young people in deprived areas have access to learn how to ride a skateboard in a safe and inclusive environment.
We have acknowledged and given regard to the guidance issued during a virtual meeting.
Starting from the 28th of May 2022 we have facilitated 12 events, providing free skateboard coaching to XX participants. To deliver these events, each event was 3 hours long with an hour set up and an hour pack down, therefore a total of 5 hours. Each event had between 3 - 7 volunteers taking part.
## **Objectives and Activities**
We successfully delivered 12 events over the course of the annual report period. These were held at the Stoke Bridge Skatepark and Whitehouse Skatepark in Ipswich, Bury St Edmunds Skatepark and the Nottingham Tram Line Spot. During these sessions we delivered a total of 432 coaching slots. Approximately 58% of these slots were taken up by males and approximately 42% female. This shows a unique diversity in the activity.
The majority of participants were between the ages of 11–16 years old. Our youngest was a 3 year old and our eldest was a 48 year old male. On top of this we had approximately 34% come to our sessions more than once, which meant we had established a regular group of participants that we could get to know their learning behaviours and provide more tailored coaching.
We have provided free equipment which has enabled participants to access our sessions with no financial pressure. Whilst focusing on how-to skateboard, the coaching sessions provided peripheral skills relating to “skatepark etiquette” which includes (but not limited to) health & safety and cleaning & maintenance, all set by our own best practice. This has resulted in an enhanced community around existing skateboard infrastructure.
The inevitable trial and error learning element of skateboarding normalises failure to learn and reach success. In doing so, participants across the board have all shown increased confidence throughout our sessions. General feedback from parents of participants is that this confidence has been taken into day to day life.
## **Financial Review**
As at the 31st March 2023 the total cash balance held by the Charity was £6,323 and the current liabilities held were £600, which gave the Charity total funds as at 31st March 2023 of £5,723. This is based on an income of £17,847 and expenditure of £12,124 for the first period ended 31st March 2023.
The activities of skateboarding come with a high cost of insurance, therefore our reserves look to future proof a figure set aside to cover costs such as annual insurance and volunteers expenses.
## **Structure, Governance and Management**
No new trustees have been elected since the charity was established - in the event of a new trustee being elected, they would either be identified through a recruitment process, a recommendation from another trustee or volunteer themselves. This would all be under the scrutiny of the existing trustees through a formal vote and the official appointment requirements within our constitution are covered in part 10 (1) (2).
10. Appointment of charity trustees (1) Apart from the first charity trustees, every trustee must be appointed [for a term of [three] years] by a resolution passed at a properly convened meeting of the charity trustees. (2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
## **SKATE SUFFOLK**
4
SKATE SUFFOLK
Icharitstde IncortKJrated Organi5abon}
TRUSTEES, REPORT IContlnu8dl
FOR THE FIRST PERIOD ENDED 31ST MARCH 2023
Trust888' R8sponslbllltl88
Th8 Charities Act 2011 requires th8 trustees to prepare finarrial slaiem8nts for each finala1 year which gNe a true and fair
VKgW of th8 Stale of affairs ol th8 CIO 8Th1 of surplus of th8 CIO for Ihat P8ricMI. In preparing those financial stat8m8nts the
trustees ar8 r8quir8d to..
. Seknt suitable accountirvJ apFty them consislentty
Make judgernents estirnales that are reasonailp aryj prudenl
Prepa financkgl stalem8nls on the )Ir0 corwn basi8 unks rt is Inapproprk8te to pUme that th8 CIO will
continue in exi$lerKe.
The trustees a resWn$[b for keeping prcw awounliThJ r$. whth discbse wrth reasonabb aUr8¢Y at any tlmg the
flron¢lal rK)$ilion of CIO. TW are also res$S1t48 lor safeguafdiro t assets of the CIO and hew for tsklng rea8able
steps for the preventk)n and dete¢lN)n offraud arxy oll*r irre9ulafttw&
Apsxoved by the Trustees on ........
Slgned on their behaw by Trustee .
Prlnted Name..
## **SKATE SUFFOLK**
(Charitable Incorporated Organisation)
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE FIRST PERIOD ENDED 31ST MARCH 2023**
|**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
Charitable Activities
**3b**
Activities for Generating Funds
**3c**
Investment Income
**3d**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2022/23**
£
£
£
14,029
-
14,029
2,801
-
2,801
1,017
-
1,017
-
-
-
**17,847**
**-**
**17,847**
11,524
-
11,524
600
-
600
**12,124**
**-**
**12,124**
**5,723**
**-**
**5,723**
-
-
-
**5,723**
**-**
**5,723**|
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 13 form part of these financial statements.
6
SKATE SUFFOLK
Icharitstde IncortKJrated Organi5abon}
BALANCE SHEET
AS AT 31ST MARCH 2023
Unre5triLle¢J
Fund5
Restricted
Funds
Total
31-Mar.23
Flxod A558ts
Tangible Assets
Investments
Total Flx•J Assats
Current Assets
Debtor5 & Prepayments
Cash at Bank arKJ in Hand
Total Current A558ts
6.323
6,323
6.323
6,323
Cr•dltorn'. Amounts lal4NJ due wtthln 0
600
NET CURRENT ASSETS
5,723
5.723
TOTAL ASSETS ¢urrenl liabiltjes
5.723
5,723
CrodStorn.' Amounts fallrg duè In mor• than om y•8r
10
NET ASSETS
5,723
S,723
Funds of th¢ Charlty
Gengral Funds
R8$tri¢t8(J Funds
S.723
Tolgl Fund•
S.723
5.723
2415
Aplxoved by the Trustees on ...............
Signed on tleir behaw byTrustee .................
Prlnted Name..
## **SKATE SUFFOLK**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE FIRST PERIOD ENDED 31ST MARCH 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of Preparation & Assessment of Going Concern**
## **Basis of Preparation**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
## **Incoming Resources**
## _**Recognition of Incoming Resources**_
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
## _**Incoming Resources with Related Expenditure**_
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
## _**Grants and Donations**_
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## _**Tax Reclaims on Donations and Gifts**_
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## _**Contractual Income and Performance Related Grants**_
This is only included in the SOFA once the related goods or services have been delivered.
## _**Gifts in Kind**_
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. Perishable and non perishable food items donated to the Charity for onward distribution to beneficiaries are not valued in the Statement of Financial Activity.
## _**Donated Services and Facilities**_
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## _**Volunteer Help**_
The value of any voluntary help received is not included in the accounts.
## _**Investment Income**_
This is included in the accounts when receivable.
## _**Investment Gains and Losses**_
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
8
## **SKATE SUFFOLK**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST MARCH 2023**
## **1. ACCOUNTING POLICIES (continued)**
## **Expenditure and Liabilities**
## _**Liability Recognition**_
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## _**Governance Costs**_
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
## _**Grants with Performance Conditions**_
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
## _**Grants Payable without Performance Conditions**_
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## _**Investments**_
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
## _**Unrestricted funds**_
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
## _**Restricted funds**_
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
## _**Designated funds**_
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
## _**Fixed Assets**_
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
## _**Depreciation Expense**_
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixtures, Fittings and Equipment
25% - Reducing Balance Basis
## **2. TANGIBLE FIXED ASSETS**
The CIO held no fixed assets during this initial financial period.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2023 : None
9
## **SKATE SUFFOLK**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST MARCH 2023**
## **3. INCOMING RESOURCES**
|**a) Donations, Grants & Legacies**
Gifts & Donations
Grants Received
**b) Charitable Activities**
Activities & Events
Community Games
**c) Activities for Generating Funds**
Coaching Income
**d) Investment Income**
Interest|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2022/23**
£
£
£
409
-
409
13,620
-
13,620
**14,029**
**-**
**14,029**
735
-
735
2,066
-
2,066
**2,801**
**-**
**2,801**
1,017
-
1,017
**1,017**
**-**
**1,017**
-
-
-
**-**
**-**
**-**|
|---|---|
10
## **SKATE SUFFOLK**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST MARCH 2023**
## **4. RESOURCES EXPENDED**
|**Note**
**a) Cost of Charitable Activities**
Activities & Events
Catering Costs
Equipment Costs
Event Prizes
Insurance Costs
Office Costs
Training Costs
Travel & Subsistence
Volunteers Expenses
**b) Governance Costs**
Independent Examiners Fees
**9**|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2022/23**
£
£
£
300
-
300
362
-
362
3,281
-
3,281
2,900
-
2,900
1,822
-
1,822
553
-
553
2,070
-
2,070
221
-
221
16
-
16
**11,524**
**-**
**11,524**
600
-
600
**600**
**-**
**600**|
|---|---|
11
## **SKATE SUFFOLK**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST MARCH 2023**
## **5. RESTRICTED FUNDS**
The CIO held no restricted funds during this initial financial period.
## **6. INVESTMENTS**
The CIO held no fixed assets investments during this initial financial period.
## **7. CASH AT BANK AND IN HAND**
|Cash at Bank & in Hand
**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors
**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Independent Examiners Fees|Unrestricted
Restricted
**Total**
Fund
Fund
**31-Mar-23**
£
£
**£**
6,323
-
6,323
**6,323**
**-**
**6,323**
Unrestricted
Restricted
**Total**
Fund
Fund
**31-Mar-23**
£
£
**£**
-
-
-
**-**
**-**
**-**
Unrestricted
Restricted
**Total**
Fund
Fund
**31-Mar-23**
£
£
**£**
600
-
600
**600**
**-**
**600**|
|---|---|
## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The CIO held no long term liabilities during this initial financial period.
## **11. NET ASSETS BETWEEN FUNDS**
|Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**Total**
Funds
Funds
**31-Mar-23**
£
£
£
-
-
-
5,723
-
5,723
-
-
-
**5,723**
**-**
**5,723**|
|---|---|
12
## **SKATE SUFFOLK**
(Charitable Incorporated Organisation)
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST MARCH 2023**
## **12. STAFF COSTS AND NUMBERS**
The CIO employed no members of staff during this initial financial period.
## **13. TRUSTEES AND OTHER RELATED PARTIES**
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
## **14. RISK ASSESSMENT**
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **15. RESERVES POLICY**
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
## **16. PUBLIC BENEFIT**
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
## **17. COMPARATIVE FIGURES**
There are no comparative figures available as this is the initial period of registered Incorporated Charitable Activity.
13
SKATE SUFFOLK
(Charilable Incorporated Organisation}
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Rep( to the trusteesl members of Skate Suffolk on the x¢>unts for th& first P8fK#J end&J 31st Marth 2023 Set out on pa9e$
6t013.
R•8p•¢tTr rtsponblllI1ts of tru5tws •nd •xarnlnor
The charltys tn*stees are responsible for th& wepgrat*Jn of the a¢¢)wnts. The ch8rity's trustees consider that an audft Is not
required for this year under section 144 01 th• Cknarlt Aci 2011 {thg Chariligs A£tl and that an inderwdent examination is
needed.
It 18 my rg8pJn8itMIty Io."
examine th• accounts under section 145 of the Ch8n"l*s ACL
follow thg wrKedures laid th>vn in th8 gewal by Charlty ¢wml$sl lundor 8¢¢th)n
14515llbl of the Charit5 Acl. and
ststè whèlher pprtKulgr mattw? have Clxne to my attenuon
Balli of Ind•nd•n1 •x•mln•V• •tst•m•nt
My examsnation was carr&gJ out in xcor¢Janc8 *ith g8n8fal DI11 gNen by ts Chafity Cornmi$sion. An examination
incIYeS a rtrviow ol the accounting records k8Pt by the charity 8 CC*mP8rl8Tr) of the accounts presoniod wtlh th088
records. tt 0180 Includes consideration ol any unusual Itams or di$¢1ure¥ in thg 0)unts, and seeking explanations from the
trusisès cone•m5ng any Ju¢h matter8. The und8rtaktsn ¢Jo Tr)t wtividè all thè eVIdte that would be required in
In awllt, and Mn•oouontly no OFIn r* given as to whelhar Ihe accounls a 'lruo and foir, and tho roport 18
ltrnltsd to ttho mittws w rArt in otatemerrt belth¥.
Ind•p•nd•nt •x•mln•rf• •l•t•m•nt
In connedkjn wlth my exarnlnatkjn, no matter has come to my an•ni•Jn".
which giv m• r•atonablo eav#• to b81i8v8 that in 8ny m8tario1 rg6pxt, wufjrern'.
to keep Èecounting rgcords in a¢x(KdarKe with secl*)n 130 of the Chaniies Act.. and
to prepare 8¢count$ whk* wlth the aCC¥Amthw r•corth CoMY *ilh lh• aco)untSng requlr•ments
ol th• Chorilios Aet
v• not bath m•t.' or
to in my OFInK. atl¢ntk* th)uld be in order to a prrw undersl8ndiryJ ol the 8ccountB to be
K. Collaku MAAT
Castle v AcLounting Ltd
New Barn
Mudberry Lane
Bosham
Chich881er
West Su$$ex
P018 8TS
Date.. 29th August 2023