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# SKATE MOLTON CIC

## Company limited by guarantee

## Company Registration Number:
14375223 (England and Wales)

## Unaudited statutory accounts for the year ended 30 September 2024

## Period of accounts

## Start date: 1 October 2023

## End date: 30 September 2024

# SKATE MOLTON CIC

## Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |
Community Interest Report |

# SKATE MOLTON CIC

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Directors

The directors shown below have held office during the whole of the period from
1 October 2023 to 30 September 2024

Verity Hanson
James Swanson
Natasha Walker

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
18 June 2025

And signed on behalf of the board by:
Name: James Swanson
Status: Director

# SKATE MOLTON CIC

## Profit And Loss Account

for the Period Ended 30 September 2024

| 2024 | 2023
--- | --- | ---
| £ | £
Turnover: | 25,352 | 11,342
Cost of sales: | ( 6,021 ) | ( 3,823 )
Gross profit(or loss): | 19,331 | 7,519
Administrative expenses: | ( 9,684 ) | ( 6,620 )
Operating profit(or loss): | 9,647 | 899
Profit(or loss) before tax: | 9,647 | 899
Profit(or loss) for the financial year: | 9,647 | 899

# SKATE MOLTON CIC

## Balance sheet

As at 30 September 2024

| Notes | 2024 | 2023
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 10,546 | 900
Total fixed assets: |  | 10,546 | 900
Current assets
Debtors: | 4 | 120 |
Cash at bank and in hand: |  | 32,384 | 2,311
Total current assets: |  | 32,504 | 2,311
Creditors: amounts falling due within one year: | 5 | ( 32,504 ) | ( 2,312 )
Net current assets (liabilities): |  | 0 | (1)
Total assets less current liabilities: |  | 10,546 | 899
Total net assets (liabilities): |  | 10,546 | 899
Members' funds
Profit and loss account: |  | 10,546 | 899
Total members' funds: |  | 10,546 | 899

The notes form part of these financial statements

# SKATE MOLTON CIC

## Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 18 June 2025
and signed on behalf of the board by:

Name: James Swanson
Status: Director

The notes form part of these financial statements

# SKATE MOLTON CIC

## Notes to the Financial Statements

for the Period Ended 30 September 2024

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Tangible fixed assets depreciation policy

  Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Fixtures & fittings - 25% reducing balance Computer equipment - 3 year straight line

  Other accounting policies

  Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

# SKATE MOLTON CIC

## Notes to the Financial Statements

for the Period Ended 30 September 2024

- ## 2. Employees

  | 2024 | 2023
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# SKATE MOLTON CIC

## Notes to the Financial Statements

for the Period Ended 30 September 2024

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 October 2023 | 0 |  | 1,000 | 225 |  | 1,225
Additions | 9,807 |  | 219 |  |  | 10,026
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 30 September 2024 | 9,807 |  | 1,219 | 225 |  | 11,251
Depreciation |  |  |  |  |  |
At 1 October 2023 |  |  | 250 | 75 |  | 325
Charge for year |  |  | 305 | 75 |  | 380
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 30 September 2024 |  |  | 555 | 150 |  | 705
Net book value |  |  |  |  |  |
At 30 September 2024 | 9,807 |  | 664 | 75 |  | 10,546
At 30 September 2023 | 0 |  | 750 | 150 |  | 900

# SKATE MOLTON CIC

## Notes to the Financial Statements

for the Period Ended 30 September 2024

## 4. Debtors

| 2024 | 2023
--- | --- | ---
| £ | £
Trade debtors | 120 |
Total | 120

# SKATE MOLTON CIC

## Notes to the Financial Statements

for the Period Ended 30 September 2024

## 5. Creditors: amounts falling due within one year note

| 2024 | 2023
--- | --- | ---
| £ | £
Trade creditors | 3,678 | 119
Accruals and deferred income | 27,578 | 1,569
Other creditors | 1,248 | 624
Total | 32,504 | 2,312

# COMMUNITY INTEREST ANNUAL REPORT

### SKATE MOLTON CIC

### Company Number: 14375223 (England and Wales)

### Year Ending: 30 September 2024

Company activities and impact

Summary of Activities During the year from October 2023 to September 2024, Skate Molton CIC (SM) continued to provide free to attend events for people of all ages and abilities from the local community and beyond. These events have not only provided entertainment but have also served as platforms for community engagement and youth empowerment. The Skate Molton CIC events in South Molton and other towns such as Barnstaple have provided the communities with easy access to support and services by utilising local business and charity links and providing a hub at the events for some of these organisations. Skate Molton CIC’s events also promote an active lifestyle improving physical and mental health. Though its events Skate Molton has distributed hundreds of healthy snacks to members of the community, by either utilising funding to cover the costs or donations. Furthermore, Skate Molton CIC's events have had a positive impact on the community by providing young people with a safe and supportive environment to pursue their interests and passions through volunteering and participating. They have developed valuable skills such as teamwork, perseverance, and self-confidence, empowering them to become active and engaged members of society. During the financial year 2023-2024 Skate Molton CIC started work on an indoor skatepark and community hub called Skate Molton HQ, with the help of funders, local businesses and the local council. Skate Molton HQ’s aim will be to provide affordable activities and skate lessons and a safe space for the community and surrounding areas to enjoy. Any income generated from the Skate Molton HQ will be used for running costs of the Skate Molton HQ and hosting more, free to attend events in the area. Overall, Skate Molton CIC's activities at the South Molton Pannier Market in the financial year of 2023-2024 have continued to make a significant contribution to the community. Through its events, the organisation has promoted social inclusion, economic growth, and youth empowerment, enriching the lives of residents and strengthening the fabric of the South Molton community.

Consultation with stakeholders

Skate Molton CIC's stakeholders encompass a diverse range of individuals, groups, and organisations who have an interest or are affected by the activities and outcomes of the company. Some key stakeholders for Skate Molton CIC include: Skateboarders and Skating Enthusiasts: These individuals are directly impacted by Skate Molton CIC's activities, as the organization provides them with opportunities to participate in skateboarding events, access facilities, and engage with the skateboarding community. Local Residents: Residents of South Molton and surrounding areas are stakeholders as they may benefit from the events organized by Skate Molton CIC, whether through entertainment, economic opportunities, or community engagement. Local Businesses: Businesses in South Molton, particularly those near the South Molton Pannier Market where events are held, are stakeholders as they may experience increased foot traffic and sales during Skate Molton CIC events. Community Organizations: Organizations and groups within the community, such as youth clubs, schools, and recreational centres, may collaborate with Skate Molton CIC or benefit from its activities, making them stakeholders in the organization's success. Local Government: The local government, including municipal authorities and council members, may have an interest in Skate Molton CIC's activities due to their impact on the community, public spaces, and local economy. Sponsors and Donors: Companies or individuals who sponsor or donate to Skate Molton CIC may have a vested interest in the organization's activities and success, as their support contributes to the fulfilment of the company's mission and goals. Skateboarding Industry: Businesses and stakeholders within the skateboarding industry, such as equipment manufacturers, retailers, and media outlets, may have an interest in Skate Molton CIC's activities, as they contribute to the promotion and growth of skateboarding as a sport and culture. Youth and Families: Children, teenagers, and their families who participate in Skate Molton CIC events are stakeholders, as they directly benefit from the organization's efforts to provide safe and accessible recreational opportunities for young people. By engaging with and considering the needs and interests of these stakeholders, Skate Molton CIC can effectively manage its operations, build partnerships, and maximize its positive impact on the community. Skate Molton CIC have consulted with the stakeholders using various methods such as director meetings, council meetings, feedback at events and using social media to actively engage with the stakeholders to obtain feedback.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
18 June 2025

And signed on behalf of the board by:
Name: James Swanson
Status: Director