The Ixapfrogs Trnst Trustees, Report The trustees present the annual report togeth¢r with the financial stat¢m¢nts of the charity for th¢ year ended 31 Augusl 2024. Strnclure* governance management Financial instruments Objeclives andpolicies The charity's activities expose it to a number of financial risks including crcdit risk, cash flow risk and liquidity risk. The use of financial derivalivcs is govern¢d by the charity's policies approved by the board of trustees, which provide written principles on th¢ use of financial derivatives to manage these risks. The Charity does not use derivative financial instruments for speculative purposes. Credil ruk The charity's principal financial assets are bank balanres and cash, trade and other r¢ceivabl¢s, and inv¢sm]ents. The charily's credit risk is primarily attributable to its trade receivables. The amounts presented in th¢ balance sheet are net of allowances for doubiful receivables. An allowance for impainnent is made where there is an identified loss ev¢nt which, based on pviouS experience, is evid¢nce of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credil-ratings assign¢d by international credit-rating agencies. The charity h&s no significant concentration of credil risK with exposure spread over a large number of counterparties kmd customers. Llquldlty rLfk In order to maintain liquidity to ensure that sufficient funds are available for ongoing operntions and future developments, the charity uses a mixture of long-t¢rni and short-temi debt finance. Furth¢r details regarding liquidity risk can be found in the Statement of aLYounting policies in the financial statements. The annual report was approved by the trustees of the charity on+. E>l%lrand signed on its b¢half by: Mrs K Shillingford Chaimian feJ Mrs P Saunders Trustee Pag¢ 2
The Leapfrogs Trust IDdependent Examinerls Report to th¢ Irustses of The Llapfrogs Trust We report to the charity trustees on our examination of ihe accounts of the charity for the year ended 31 August 2024 which are set out on pages 5 to 12. Respective responsibilities of ttrustees and examiner As the charity's irustees of The Leapfrogs Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). We report in respect of our examination of th¢ The Leapfrogs Trust's accounts carried out under section 145 of the 2011 Act and in carying out our examination we have followed all the applicable Dir¢ctions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement Since Th¢ Leapfrogs Trust's gross incom¢ exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. We confirni that we are qualified to undertake the examination because we are a member of Association of Chartered Certified Accountants. which is one of ihe listed bodies. We have completed our examination. We confirni that no material matters have come to our attention in conn¢¢tion with the examination giving us cause to believe that in any mat¢rial respect: accounting records were not kept in respect of The Leapfrogs Trust as required by section 130 of the Act. or 2. th¢ accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirements concerning the forni and conteni of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremenl that the rdc¢ounts give a 'true and fair view, which is not a matter considered as part of an independent examination. We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this r¢port in ord¢r to enable a proper understanding of th¢ accounts to be reached. Stapletons Chartcrcd Certified Accountants 4 Market Street Crediton Devon EX17 2AJ 12 June 2025 Page 4
Tb¢ Leapfrogs Trnst Statement of Financial A¢tivities by fund for th¢ Year Ended 31 August 2024 Total Unrestricted Funds 2024 ote Income And Endowments from: Trading activities Other income Total income 393,021 395,155 Expenditure on: Charitable ¢xpenditure Administration expenditure Total expcnditure Net movement in funds 360,384 11,868 372 252 22,903 Reconciliation of funds Total funds brought forward 170 714 193,617 Total funds carried forward Page 5
The L¢apfrogs Trust (Registration Number: 1039865) Balance Sheel as at 31 August 2024 2024 2023 Note Fixed Assets Tangible asscts 19,353 730 Current Assets Stocks Debtors Cash and cash equivalents 615 7,447 183,455 191.517 525 7,879 166,401 174,805 Creditors: Amounls falling due within one year (17,253) (4,821) Nel current assets 174,264 169,984 Total g&8ets less current liabilities 193,617 170,714 Net assets 193,617 170,714 Funds of the thArfty: Unrestricted funds 193,617 170,714 Total fvnds 193,617 170,714 The financial statements on pages 5 to 12 w¢re approved by the trLlStees and authorised for issue on.12. Jsl kn.l8s... and signed on their behalf by., Mrs K Shillingford Chairnian Mrs P Saunders Trustee Page 6
The Leapfrogs Trust Notey lo the FinAncial Slatements for the Year Ended 31 August 2024 2 Taxation The charity is a registered charity and is therefore exempt from taxation, 3 Trustees remuneralion and expenses No trustees, nor any persons connected with them. have received any r¢mun¢ration from the charity during the year. 4 Tangible fixed assets Property improvements Plant & equlpmenl Total Cost At I September 2023 23.411 32.327 55,738 Additions 19,588 19,588 At 31 August 2024 Depreciation At I September 2023 23,41 1 31,597 55,008 Charge for the year 783 182 965 At 31 August 2024 Iyet book value At 31 August 2024 548 At 31 Au8USt 2023 730 730 5 Stock 2024 2023 Stock 615 525 6 Debtor 2024 2023 Trad¢ debtors Prepa)Thents 5,206 2,241 7,447 5,826 7,879 Page 10
The Leapfrogs Trust Notes lo the FinaD¢ial Statements for the Year Ended 31 August 21124 2024 7 Cush and cash equivalents 2023 Cash in hand Cash at bank 101 183,354 183,455 1,060 165 341 166,401 8 Creditors: amounts falling due within one year 2024 2023 Accruals Wage5 control account 1,660 2,403 17,253 9 Funds Balance at I September 2023 Balance 2t 31 August 2024 Incoming resource$ Resour¢e$ expended Unrestricted fund8 General 170.714 395,155 37?,252 193 617 10 AnAIy8is of net asgets behveeD funds Total funds at31 August 2024 Unrestricted funds Tangible fixed ass¢ts Current assets Cuent liabilities Total net Ass¢t5 19,353 191,517 19,353 191,517 17,253 193 617 193 617 Pagell
The lIpfrOgS Trust D¢toiled Slatement of Financial Activitieg for the Year Ended 31 August 2024 Total 2024 Total 2023 Trading activities Registration, attendance fees and sim ilar income Local authority grants receiv¢d, including pupil premium funding 138,029 254 992 393,021 100,908 218,854 319,762 Other income Sales of sweatshirts Trips and fundraising Photograph commissions College grants received Donations Other loan discharged 160 1,347 127 500 217 841 166 Charitable expenditure Wages and salaries Employer's pension contribulions Advertising Trip expens¢s Books and play equipment Pupil premium inclusion funding expens¢ Cleaning and medical supplies Mi Ik and groceries Rent ot premises Utilities Insurance Subscriptions. training and periodicals 314,421 4.729 438 1,252 2,492 1,927 7.146 3,158 7,500 6.281 7,932 3,108 360 384 267,704 3,661 614 2,075 1,249 5,580 3,274 i 0,000 10,481 7,233 2,391 314,262 Administralion expenditure Telephonc L¢gal and accountancy fees R¢pairs and renewals Postage, stationery and ofrice supplies Staff unifornis Bank charges and interest Depreciation Sundry expenses Bad debts 839 3,270 3,430 1,899 228 179 965 1,058 866 3.151 5.053 1,502 838 283 244 899 282 13,118 Page 12