THE SHOE ZONE TRUST REGISTERED CHARITY NO: 1112972 FINANCIAL STATEMENTS 12 MONTHS ENDED 31 DECEMBER 2020
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THE SHOE ZONE TRUST REGISTERED CHARITY NO: 1112972
Trustees Anthony Smith Charles Smith Office Haramead Business Centre Humberstone Road Leicester LE1 2LH Bankers HSBC 2-6 Gallowtree Gate Leicester LE1 1DA
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THE SHOE ZONE TRUST REGISTERED CHARITY NO: 1112972
ANNUAL REPORT AND ACCOUNTS 12 MONTHS ENDED 31 DECEMBER 2020
CONSTITUTION OF THE CHARITY
The Shoe Zone Trust is registered with the Charity Commission for England and Wales as an Unincorporated Charity with the governing document of a declaration of trust dated 1 November 2005.
The Charity is administered by the Trustees listed on Page 1. The trustees meet at least quarterly.
OBJECTIVES OF THE CHARITY
The objectives of the Charity are to make grants and donations to other charities to relieve financial hardship and poverty and/or advancement of education, mainly for children and young persons under age 18 particularly in Leicestershire and Rutland and for certain charities operating in the Philippines and other countries.
FINANCIAL REVIEW
Income of £161,922 was received. Grants and donations of £211,560 were paid. No salaries or expenses were paid to the trustees.
RESERVES POLICY
The unrestricted funds are £253,561. These were retained for commitments for grants in 2020.
RISK FACTORS
The trustees regularly review the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure.
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THE SHOE ZONE TRUST REGISTERED CHARITY NO: 1112972 STATEMENT OF FINANCIAL ACTIVITIES 12 MONTHS ENDED 31 DECEMBER 2020
| Note INCOME AND EXPENDITURE Incoming resources Shoe Zone Retail Limited Donations Interest 3 Total incoming resources Resources expended Direct charitable giving 2 Total resources expended Net outgoing resources Balance brought forward 1 January 2020 Balance carried forward at 31 December 2020 |
2020 2020 2020 2019 Total Unrestricted Restricted Total 161,062 161,062 - 153,923 617 - 617 621 243 243 - 569 |
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| 161,922 £ 161,305 £ 617 £ 155,113 £ |
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| 211,560 211,560 - 169,707 |
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| 211,560 £ 211,560 £ - £ 169,707 £ |
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| (49,638) (50,255) 617 (14,594) 304,282 303,816 466 318,876 |
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| 254,644 £ 253,561 £ 1,083 £ 304,282 £ |
| 2020 HSBC current account 161,974 CCLA deposit 92,670 Interest debtor - Net and current assets 254,644 £ Unrestricted funds 253,561 Restricted funds 1,083 Total funds 254,644 £ AS AT 31 DECEMBER 2020 BALANCE SHEET |
2019 211,855 92,381 46 |
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| 304,282 £ |
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| 303,816 466 |
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| 304,282 £ |
These financial statements were approved by the trustees on and signed on their behalf by:
Trustee
20 September 2021
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THE SHOE ZONE TRUST REGISTERED CHARITY NO: 1112972 NOTES TO THE ACCOUNTS 12 MONTHS ENDED 31 DECEMBER 2020
1 ACCOUNTING POLICIES
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a The accounts are prepared under the historical cost convention and in accordance with applicable accounting standards.
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b The unrestricted funds are funds which can be used in accordance with the charitable objectives at the discretion of the trustees.
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c Income is accounted for on a receivable basis. Expenditure is accounted for on an accruals basis.
2 DIRECT CHARITABLE GIVING
| National Emergency Trust Shepherd of the Hills - Philipines Amantani UK Ministries Without Borders Charity Link Young Leicestershire Ltd Cord Global Other |
2020 2020 2019 2019 Unrestricted Restricted Unrestricted Restricted 50,000 350 65,669 350 43,549 - 14,197 - 30,453 - 13,113 - 14,069 - 12,500 - 10,000 - 10,000 - 10,000 - 10,000 - 10,000 - 10,000 - 43,489 - 33,878 - 211,560 £ 350 £ 169,357 £ 350 £ |
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3 Interest Debtor
No interest debtor was included at the year end (2019 £46).
| Bank Interest | 2020 2019 Debtor Debtor - 46 - £ 46 £ |
|---|---|
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THE SHOE ZONE TRUST REGISTERED CHARITY NO: 1112972 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
I report on the financial statements of the Charity for the 12 months ended 31 December 2020 set out on pages 3 to 4.
This report is made solely to the trustees, as a body, in accordance with the regulations made under section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and that charity’s trustees, as a body, for my work, for this report, or for the opinions I have formed.
Respective responsibilities of Trustees and examiners
The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the Act)) and that an independent examination is needed.
It is my responsibility to:
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examine the financial statements under section 145 of the 2011 Act;
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follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
Basis of independent examiner's statement
My examination was carried out in accordance with the 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and explanations sought from you as 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 financial statements 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:
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(1) which gives me reasonable cause to believe that, in any material respect, the requirements :
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 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 financial statements to be reached .
Catherine Kelly Cooper Parry Group Limited Chartered Accountants
Signed:
Date:
20 September 2021