# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024** ## **SKATE SUFFOLK** (Charitable Incorporated Organisation) **CHARITY REGISTRATION No: 1197863** Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ ## **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 YEAR** 1st April 2023 **END OF FINANCIAL YEAR** 31st March 2024 **TRUSTEES AT 31ST MARCH 2024** 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 Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ 3 ## **SKATE SUFFOLK** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT** ## **FOR THE YEAR ENDED 31ST MARCH 2024** ## **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. On 24/04/23, funds (£1200) were received as part of a grant from the Clothworkers Foundation for the charity to purchase 2 Android Tablets. This meant that trustees could mitigate the use of printed paperwork, saving resources and time, allowing for quicker participant sign-up on event days and safer set-up. We have acknowledged and given regard to the guidance issued during a virtual meeting. Starting from the 7th of May 2023 we have facilitated 4 events, providing free skateboard coaching to 144 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. ## **Achievements and Performance** We successfully delivered 4 events over the course of the annual report period. These were held at the Woodbridge Skatepark and Whitehouse Skatepark in Ipswich. During these sessions we delivered a total of 144 coaching slots. Approximately 54% of these slots were taken up by males and approximately 46% female. This continues to show a unique diversity in the activity. The majority of participants continue to be between the ages of 11–16 years old. We have provided free equipment which has enabled participants to access our sessions with no financial pressure. We also gave away at least 8 skateboards, for some participants to continue to practice outside of our session, providing legacy to Skate Suffolk. Whilst focusing on how-to skateboard, the coaching sessions continue to provide 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. We review objectives regularly and how best to reach these targets. We have continued to successful deliver coaching sessions. A meeting in Dec 2023 decided that for 2024 we should focus on other objectives related to skill based workshops rather than specifically skateboard coaching. ## **Financial Review** As at the 31st March 2024 the total cash balance held by the Charity was £7,140 and the current liabilities held were £780, which gave the Charity total funds as at 31st March 2024 of £6,360. This is based on an income of £5,700 and expenditure of £5,063 for the year ended 31st March 2024. This is based on an opening position of £5,723, followed by an income of £5,700 and an expenditure of £5,063 for the period 1st April 2023 to the 31st March 2024. £2,400 was granted by Carlton Colville Town Council to deliver 10 x Skate Coaching events over the course of the summer of 2024 (in the next annual report period). 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. 4 SKATE SUFFOLK F(IR THEYEARENDED 31sr MARCH 2024 jrr￿n￿rakn wt 1011) [4 1¢X AppJirtm•r* d tr•rty Il) I1• fir* (*•ty •*Wy trw•ts• In￿t Jppynt•J i&y • t•rm ¢1 ttlv••l yw*l by * I••o￿ts0n at th• trlth. (2) kn I￿*￿11￿4 L￿AT￿k￿￿bkn 10 ClwrlUp• kn Erv**l Clwltsl Pd3J11. Clwlty •ThlP•yty) qnd Iwylty kntsyn• •rxl of thrty tr tst In Ilw firwL*I •kntornn￿ oth•r Irr•JukrfU•& PrhtrAI Nam•'. ## **SKATE SUFFOLK** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024** |**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**
**TOTAL**
Funds
Funds
**2023/24**
**2022/23**
£
£
£
£
5,700
-
5,700
14,029
-
-
-
2,801
-
-
-
1,017
-
-
-
-
**5,700**
**-**
**5,700**
**17,847**
4,283
-
4,283
11,524
780
-
780
600
**5,063**
**-**
**5,063**
**12,124**
**637**
**-**
**637**
**5,723**
5,723
-
5,723
-
**6,360**
**-**
**6,360**
**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 ASAT31ST MARCH 2024 Tatsl rth C#h It In HarAI TatalCurntAA••ts 7.140 7,140 323 S723 1• Fwtholth•Char*7 G•nernl Tatsl Fun Slyned ￿ Ihetr befaWtyTMlee.. Prkrtad Narm.. George Yarnton ## **SKATE SUFFOLK** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024** ## **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 note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 YEAR ENDED 31ST MARCH 2024** ## **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 or the previous financial period. The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2024 : None 31st March 2023 : None 9 ## **SKATE SUFFOLK** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024** ## **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**
**TOTAL**
Funds
Funds
**2023/24**
**2022/23**
£
£
£
£
100
-
100
409
5,600
-
5,600
13,620
**5,700**
**-**
**5,700**
**14,029**
-
-
-
735
-
-
-
2,066
**-**
**-**
**-**
**2,801**
-
-
-
1,017
**-**
**-**
**-**
**1,017**
-
-
-
-
**-**
**-**
**-**
**-**| |---|---| 10 ## **SKATE SUFFOLK** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024** ## **4. RESOURCES EXPENDED** |**Note**
**a) Cost of Charitable Activities**
Activities & Events
Catering Costs
Equipment Costs
Event Prizes
Insurance Costs
Licenses & Subscriptions
Office Costs
Sundry Expenses
Training Costs
Volunteers Expenses
**b) Governance Costs**
Independent Examiners Fees
**9**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2023/24**
**2022/23**
£
£
£
£
237
-
237
300
79
-
79
362
1,102
-
1,102
3,281
331
-
331
2,900
1,949
-
1,949
1,822
100
-
100
-
193
-
193
553
238
-
238
221
24
-
24
2,070
31
-
31
16
**4,283**
**-**
**4,283**
**11,524**
780
-
780
600
**780**
**-**
**780**
**600**| |---|---| 11 ## **SKATE SUFFOLK** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024** ## **5. RESTRICTED FUNDS** The CIO held no restricted funds during this or the previous financial period. ## **6. INVESTMENTS** The CIO held no fixed assets investments during this or the previous financial period. ## **7. CASH AT BANK AND IN HAND** ||Unrestricted|Restricted|**Total**
**Total**| |---|---|---|---| ||Fund|Fund|**31-Mar-24**
**31-Mar-23**| ||£|£|**£**
**£**| |Cash at Bank & in Hand|7,140||-
7,140
6,323| ||**7,140**||**-**
**7,140**
**6,323**| |**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors|Unrestricted
Fund
£
-|Restricted
Fund
£|**Total**
**Total**
**31-Mar-24**
**31-Mar-23**
**£**
**£**
-
-
-| ||**-**||**-**
**-**
**-**| |**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Independent Examiners Fees|Unrestricted
Fund
£
780|Restricted
Fund
£|**Total**
**Total**
**31-Mar-24**
**31-Mar-23**
**£**
**£**
-
780
600| ||**780**||**-**
**780**
**600**| ## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The CIO held no long term liabilities during this or the previous financial period. ## **11. NET ASSETS BETWEEN FUNDS** |Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Mar-24**
**31-Mar-23**
£
£
£
£
-
-
-
-
6,360
-
6,360
5,723
-
-
-
-
**6,360**
**-**
**6,360**
**5,723**| |---|---| 12 ## **SKATE SUFFOLK** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024** ## **12. STAFF COSTS AND NUMBERS** The CIO employed no members of staff during this or the previous 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. 13 ## **SKATE SUFFOLK** (Charitable Incorporated Organisation) ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** Report to the trustees/ members of Skate Suffolk on the accounts for the year ended 31st March 2024 set out on pages 6 to 13. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - state whether particular matters have come to my attention ## **Basis of independent examiner’s statement** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ Date: 19th November 2024 14