**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|
|---|---|
||**161,922**
**£**
**161,305**
**£**
**617**
**£**
155,113
£|
||**211,560**
**211,560**
**-**
169,707|
||**211,560**
**£**
**211,560**
**£**
**-**
**£**
169,707
£|
||**(49,638)**
**(50,255)**
**617**
(14,594)
**304,282**
**303,816**
**466**
318,876|
||**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|
|---|---|
||304,282
£|
||303,816
466|
||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**
- a The accounts are prepared under the historical cost convention and in accordance with applicable accounting standards.
- b The unrestricted funds are funds which can be used in accordance with the charitable objectives at the discretion of the trustees.
- 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
£|
|---|---|
## **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:
- examine the financial statements under section 145 of the 2011 Act;
- 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:
- (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 2011 Act; and
- 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