REGISTERED COMPANY NUMBER: 06446869 (England and Wales)

REGISTERED CHARITY NUMBER: 1124164

Report of the Trustees and

Financial Statements For The Year Ended 31st December 2025

for

Wheeled Sports 4 Hereford Ltd

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

Notes to the Financial Statements

7

to

12

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The object of the Charity is to provide or assist in the provision of recreational facilities in or near Hereford for young people, with the object of improving their conditions of life, in particular to provide for such persons facilities for skateboarding, roller skating, cycling and similar activities.

The Charity provides a safe, purpose-built, free, accessible outdoor facility in Hereford to allow young people to skate unhindered and thus remove the dangers to themselves and pedestrians by locating them a suitable environment. This facility also provides a purposeful leisure activity for young people as a diversion from anti-social behaviour.

The provision of the skate park provides a Centre of Excellence for alternative sports in Hereford which specifically meets the needs of the young people practising those sports.

The location of the skate park in Hereford ensures that the benefits of the skate park can be enjoyed by the whole population of skateboarders in Herefordshire and surrounding areas.

Review of the Year

During the year, Hereford Community Skatepark made a number of changes to its financial and operational arrangements, with the aim of improving the long-term sustainability of the skatepark and ensuring that its resources are focused on providing and maintaining facilities for the local community.

As part of this change, the way in which the skatepark shop is operated was also reviewed. A local skater took over the shop as an independent business and will pay the charity a nominal monthly rent next financial year. While this arrangement reduces the level of shop turnover recorded within the charity's accounts, it was a deliberate decision intended to make the shop more sustainable and allow it to continue serving the skatepark community without placing the same financial and administrative demands on the charity.

A new café also opened above the shop during the year. This is independently operated by another local skater, who will also pay a nominal monthly rent to the charity next financial year. The café provides an additional facility for visitors and users of the skatepark while generating a modest and reliable income for the charity.

The skatepark's floodlight payment system was also improved during the year. Wiggins, a local company, kindly donated a new contactless card reader, allowing users to pay by contactless payment to activate the floodlights and use the skatepark outside daylight hours. The income generated from the floodlights covers the associated electricity costs and the monthly charges for the card payment service.

Planet Good Earth kindly donated £3,000 towards improvements to the skatepark's 'edible skatepark', which had originally been displayed at the Chelsea Flower Show and was subsequently donated to Hereford Community Skatepark. This funding has helped us to continue developing and improving this unique community asset.

The Community Fund grant received from Hereford City Council has also been successfully used to complete the social seating area. The completed area has been well received by skatepark users and the wider community and provides an improved space for people to meet, watch activities and spend time at the skatepark.

FUTURE PLANS

Looking ahead to 2026, the charity has secured approximately £80,000 in grant funding to support a number of important improvements to the skatepark. These include:

- replacing the existing floodlights with modern LED lighting, reducing the cost of skating after dark while also reducing the skatepark's environmental impact;

- creating a dedicated storage area for skate school equipment and a maintenance hub to improve the organisation and upkeep of the site; and

- creating a new beginner-level mini ramp to provide an accessible progression facility for younger and less experienced users.

These projects represent an important programme of investment in the skatepark and will help us to improve the facilities available to the local community, increase accessibility and ensure that the skatepark remains a sustainable and welcoming facility for years to come.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06446869 (England and Wales)

Registered Charity number

1124164

Registered office

63 High Street

Chislehurst

Kent

BR7 5BE

Trustees

M Hatter (resigned 4/6/2025)

A B Murphy (resigned 4/6/2025)

D A B Rouse (resigned 4/6/2025)

S R Stephens (resigned 4/6/2025)

D J Grice (resigned 4/6/2025)

A J Johnson (resigned 4/6/2025)

W R Newby (resigned 4/6/2025)

C I Arthur

C A Hamilton (resigned 17/4/2026)

J Hoar

J J Sutton (resigned 4/6/2025)

K Lee (resigned 4/6/2025)

T D J Mason (appointed 4/6/2025)

Independent Examiner

Mr P E Britt FCA

Baker Britt

Chartered Accountants

63 High Street

Chislehurst

Kent

BR7 5AF

Approved by order of the board of trustees on 26th August 2026 and signed on its behalf by:

J Hoar - Trustee

Independent examiner's report to the trustees of Wheeled Sports 4 Hereford Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr P E Britt FCA

The Institute of Chartered Accountants in England and Wales

Baker Britt

Chartered Accountants

63 High Street

Chislehurst

Kent

BR7 5AF

26th August 2026

2025

2024

Unrestricted

Restricted

Total

Total

funds

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

Stronger Towns Park Redevelopment

-

2,689

2,689

25,478

Social Seating Area

-

3,146

3,146

9,000

Other trading activities

2

3,293

(1

)

3,292

21,141

Investment income

3

62

-

62

222

Total

3,355

5,834

9,189

55,841

EXPENDITURE ON

Raising funds

5,876

-

5,876

17,561

Charitable activities

General

4,204

11,739

15,943

22,956

Social Seating Area

-

12,786

12,786

-

Total

10,080

24,525

34,605

40,517

NET INCOME/(EXPENDITURE)

(6,725

)

(18,691

)

(25,416

)

15,324

Transfers between funds

11

6,725

(6,725

)

-

-

Net movement in funds

-

(25,416

)

(25,416

)

15,324

RECONCILIATION OF FUNDS

Total funds brought forward

-

480,777

480,777

465,453

TOTAL FUNDS CARRIED FORWARD

-

455,361

455,361

480,777

2025

2024

Notes

£

£

FIXED ASSETS

Tangible assets

7

452,409

464,148

CURRENT ASSETS

Stocks

8

-

5,000

Cash at bank

4,753

13,844

4,753

18,844

CREDITORS

Amounts falling due within one year

9

(1,801

)

(2,215

)

NET CURRENT ASSETS

2,952

16,629

TOTAL ASSETS LESS CURRENT LIABILITIES

455,361

480,777

NET ASSETS

455,361

480,777

FUNDS

11

Restricted funds

455,361

480,777

TOTAL FUNDS

455,361

480,777

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26th August 2026 and were signed on its behalf by:

J Hoar - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	OTHER TRADING ACTIVITIES

2025

2024

£

£

Equipment and canteen sales

-

21,081

Donations

3,292

60

3,292

21,141

3.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

62

222

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

11,739

12,495

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st December 2025 nor for the year ended 31st December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st December 2025 nor for the year ended 31st December 2024.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Charitable activities

Stronger Towns Park Redevelopment

-

25,478

25,478

Social Seating Area

-

9,000

9,000

Other trading activities

21,141

-

21,141

Investment income

222

-

222

Total

21,363

34,478

55,841

EXPENDITURE ON

Raising funds

17,561

-

17,561

Charitable activities

General

10,461

12,495

22,956

Total

28,022

12,495

40,517

NET INCOME/(EXPENDITURE)

(6,659

)

21,983

15,324

Transfers between funds

1,699

(1,699

)

-

Net movement in funds

(4,960

)

20,284

15,324

RECONCILIATION OF FUNDS

Total funds brought forward

4,960

460,493

465,453

TOTAL FUNDS CARRIED FORWARD

-

480,777

480,777

7.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1st January 2025

947,850

3,990

951,840

Disposals

-

(3,990

)

(3,990

)

At 31st December 2025

947,850

-

947,850

DEPRECIATION

At 1st January 2025

483,702

3,990

487,692

Charge for year

11,739

-

11,739

Eliminated on disposal

-

(3,990

)

(3,990

)

At 31st December 2025

495,441

-

495,441

NET BOOK VALUE

At 31st December 2025

452,409

-

452,409

At 31st December 2024

464,148

-

464,148

8.

STOCKS

2025

2024

£

£

Stocks

-

5,000

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

-

416

Accruals and deferred income

1,801

1,799

1,801

2,215

10.	ANALYSIS OF NET ASSETS BETWEEN FUNDS

2025

2024

Unrestricted

Restricted

Total

Total

funds

fund

funds

funds

£

£

£

£

Fixed assets

(2,953

)

455,362

452,409

464,148

Current assets

4,753

-

4,753

18,844

Current liabilities

(1,800

)

(1

)

(1,801

)

(2,215

)

-

455,361

455,361

480,777

11.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1/1/25

in funds

funds

31/12/25

£

£

£

£

Unrestricted funds

Unrestricted

-

(6,725

)

6,725

-

Restricted funds

Restricted

480,777

(18,691

)

(6,725

)

455,361

TOTAL FUNDS

480,777

(25,416

)

-

455,361

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

Unrestricted

3,355

(10,080

)

(6,725

)

Restricted funds

Restricted

5,834

(24,525

)

(18,691

)

TOTAL FUNDS

9,189

(34,605

)

(25,416

)

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1/1/24

in funds

funds

31/12/24

£

£

£

£

Unrestricted funds

Unrestricted

4,960

(6,659

)

1,699

-

Restricted funds

Restricted

460,493

21,983

(1,699

)

480,777

TOTAL FUNDS

465,453

15,324

-

480,777

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

Unrestricted

21,363

(28,022

)

(6,659

)

Restricted funds

Restricted

34,478

(12,495

)

21,983

TOTAL FUNDS

55,841

(40,517

)

15,324

A current year 12 months and prior year 12 months combined position is as follows:

Net

Transfers

movement

between

At

At 1/1/24

in funds

funds

31/12/25

£

£

£

£

Unrestricted funds

Unrestricted

4,960

(13,384

)

8,424

-

Restricted funds

Restricted

460,493

3,292

(8,424

)

455,361

TOTAL FUNDS

465,453

(10,092

)

-

455,361

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

Unrestricted

24,718

(38,102

)

(13,384

)

Restricted funds

Restricted

40,312

(37,020

)

3,292

TOTAL FUNDS

65,030

(75,122

)

(10,092

)

12.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st December 2025.