HOPSKOTCH CHILDRENS TRUST
Company No: 06666574
Report and Financial Statements
Year ended 31 August 2020
Charity no: 1126964
Name: Hopskotch Childrens Trust
| Contents | Page |
|---|---|
| Legal and administrative information | 1 |
| Report of the treasurer | 2-3 |
| Report of the accountant | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes forming part of the financial statements | 7-11 |
Name: Hopskotch Childrens Trust
Legal and administrative information
Treasurer Mr David Hatt Trustee Mr David Hatt M's Elaine Rose M's Iris Woolley Charity Number 1126964 Registered Office 648 Chigwell Road Woodford Green Essex IG8 8AQ Accountants Outsource Financial Solutions Ltd 27 Purleigh Avenue Woodford Green Essex IG8 8DU Bankers HSBC Bank 20 - 21 Electric Parade George Lane South Woodford London E18 2LX
1
Name: Hopskotch Childrens Trust
Report of the treasurer for the year ended 31 August 2020
The Management of Hopskotch Childrens Trust present the Report and Financial Statements for the year ended 31st August 2020. They appear in the format required by the Statement of Recommended Practice - Accounting by Charities (SORP).
Charity Law require the management of Hopskotch Childrens Trust to prepare financial statements for each financial year which give a true and fair view of the charity incoming resources and application of resources during the year and the state of its affairs at the end of the year.
The management are responsible for the direction of the policy of the charity in accordance with the constitution and objectives of the charity. In particular they direct and oversee the financial affairs of the charity and are responsible for safeguarding the assets of the charity. They must ensure that proper accounting records are kept which disclose the financial position of the charity with reasonable accuracy at any time. They must also take reasonable steps to prevent fraud and other irregularities.
In preparing the financial statements the Charity management have:
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selected suitable accounting policies and applied them consistently;
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made judgements and estimates that are reasonable and prudent;
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followed applicable accounting standards subject to any material departures disclosed and explained in the financial statements;
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prepared the financial statements on the going concern basis.
2
Name: Hopskotch Childrens Trust
The year in retrospect
The charity has had a difficult year.
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Hopskotch completed year with a loss largely due to disruption of activities during the Covid-19 pandemic
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Shop selling both second hand and new goods has now been open for the last 10.5 years and generates small profit on good years.
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Hopskotch has donated funds to M Weaver, ELHAP and other
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The charities future plans are to make donations to local childrens centres and charities in order to provide ongoing support and assistance to those in need.
We believe in bringing positive changes to the lives of local children and their families. Whilst we acknowledge that the Charities funds are in deficit we believe that
with the hard work and commitment of the staff, volunteers and trustee's, this position will soon change.
I would like to thank the staff, volunteers and the trustees of Hopskotch for their support and dedication throughout the year.
I would also like to mention how grateful we are to all our trustees whose funding support has been instrumental in the running of the shop, which in turn has given us the ability to continue with our pledge of supporting local children.
The challenge for the future is to improve and further develop the shop and increase its turnover. We will be working hard over the coming years to ensure that more charities and centres alike benefit from us and to also put our charity on a sound financial footing.
Trustee Mr David Hatt Hopskotch Childrens Trust
Date: 12/04/2021
3
Name: Hopskotch Childrens Trust
Report of the Accountant
We have prepared the financial statements for the year ended 31st August 2020, set out on pages 5 to 11, which have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and the accounting policies set out on pages 7 to 11.
Respective Responsibilities of Trustees and Accountant
As described on page 2, The Board of Trustees are responsible for preparing the Annual Report and Financial Statements. Our responsibilities, as independent accountants, are established by statute, the Practices Board and by our profession's ethical guidance.
We report to you our opinion as to whether the We report to you our opinion as to whether the are properly prepared in accordance with the Charities Act. We would also report to you if, in our opinion, the Report of the Management is not consistent with the financial statements, if the charity has not kept proper accounting records, if we have not received all the information and explanations we require for preparing account or if information specified by the law is not disclosed.
financial statements.
Basis of the opinion
We prepared the accounts in accordance with the Accounting Standards issued by the Practices Board, having regard to the matters referred to in the following paragraph.
The organisation in common with many others of a similar size and organisation, derives most of its income from activities which cannot be fully controlled until they are entered in the accounting records and are therefore not susceptible to independent audit verification.
We planned and performed the accounts so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.
Opinion
We are not required to form an opinion on the effectiveness of the charity's corporate governance procedures or its control.
We read the information contained in the Report of the Management, and consider whether it is consistent with the financial statements. We consider the implications for our report if we become aware of any apparent misstatements or material inconsistencies with the
Subject to the foregoing, in our opinion, the financial statements give a true and fair view of the state of the affairs of Hopskotch Childrens Trust as at 31 August 2020 and of its incoming resources and application of resources for the year then ended and have been prepared in accordance with the Charities Act 2011 and The Charities (Accounts and Reports) Regulations 2015.
4
Name: Hopskotch Childrens Trust
Statements of Financial Activities for the year ended 31 August 2020
| Incoming resources Note Donations, legacies and similar incoming resources 2 Income from activities in furtherance of charitable objectives 3 Income from activities for Generating funds 4 Investment Income 5 Other incoming resources 6 Total incoming resources Resources expended 7 - 8 Costs of generating funds Charitable expenditure: Grants and donation payable Costs of activities for charitable objectives Support costs Management and administration Total resources expended Net movement in funds Total Charity Funds brought forward Total Charity Funds carried forward |
Restricted Unrestricted Endowment Total Total Funds Funds funds 2020 2019 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29271 0 29271 48261 0 0 0 0 0 0 0 0 0 0 |
|---|---|
| 0 29271 0 29271 48261 |
|
| 0 0 0 0 0 0 5150 0 5150 5340 0 580 0 580 4861 0 30120 0 30120 26782 0 6633 0 6633 13844 |
|
| 0 42483 0 42483 50827 |
|
| 0 -13212 0 -13212 -2566 0 -19926 0 -19926 -17359 |
|
| 0 -33138 0 -33138 -19926 |
5
Name: Hopskotch Childrens Trust
Balance Sheet as at 31 August 2020
| Notes Fixed assets Tangible assets 9 Investments Total fixed assets Current assets Debtors 10 Cash at bank and in hand 11 Total current assets Current Liabilities Creditors: amount falling due within one year 12 Net current assets/(liabilities) Total assets less current liabilities Long Term Liabilities Creditors: amount falling due after one year 13 NET ASSESTS FUNDS OF THE CHARITY Unrestricted Funds Restricted Income Funds Endowment Funds |
Restricted Unrestricted Endowment Total Total Funds Funds Funds 2020 2019 0 1632 0 1632 2176 0 0 0 0 0 |
|---|---|
| 0 1632 0 1632 2176 0 1250 0 1250 1250 |
|
| 0 4254 0 4254 1829 |
|
| 0 5504 0 5504 3079 0 3042 0 3042 1423 |
|
| 0 2463 0 2463 1656 |
|
| 0 4095 0 4095 3833 |
|
| 0 37233 0 37233 23759 |
|
| 0 -33138 0 -33138 -19926 0 -33138 0 -33138 -19926 |
|
| 0 -33138 0 -33138 -19926 |
For the year ended 31 August 2020 the company was entitled to exemption under section 477(2) of the Companies Act 2006.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for: i) Ensuring the company keeps accounting records which comply with section 386; and
ii) Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of its profit and loss for the financial year in accordance with section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company
The Financial statements were approved by the board on
12th April 2021
David Hatt Treasurer
6
Hopskotch Childrens Trust
Name:
Notes forming part of the financial statements for the year ended 31 August 2020
NOTE
- 1 Basis of accounts
Accounting convention
The financial statements are prepared on a going concern basis under the Charities Act and in accordance with the Charities SORP and applicable accounting standards.
Fund Accounting
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Unrestricted funds represent funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity and are held in the general fund.
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Restricted funds represent grants and donations received and tax refunds arising thereon, which were allocated by the donor for specific purposes.
| 2 Donations, legacies and other similar receipts Covenanters Donations Pledges Tithes & Offerings Reimbursement |
Restricted Unrestricted Endowment Total Total 2020 2019 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
|---|---|
| 0 0 0 0 0 |
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3 Income from activities in direct furtherance of charitable objects. This is income from charitable services or charitable trading
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4 Income from activities for generating funds. This is income from trading activities which are specifically to raise funds for the charity such as shop takings.
| Shop Takings Grants 5 Investment Income Capital Reserve Interest 6 Other incoming resources |
Restricted Unrestricted Endowment Total Total 2020 2019 0 18130 0 18130 46839 0 11141 0 11141 0 |
|---|---|
| 0 29271 0 29271 46839 |
|
| Restricted Unrestricted Endowment Total Total 2020 2019 0 0 0 0 0 Represent tax refunds in respect of money collected under gift aid scheme. |
7
Hopskotch Childrens Trust
Name:
Notes forming part of the financial statements for the year ended 31 August 2020
NOTE
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7 This includes all costs incurred in raising funds from all the possible sources of incoming resources.
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Fund-raising costs in attracting donations, legacies and similar incoming resources
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Costs associated with raising funds for the provision of charitable goods and services
| 8 | Charitable Payments Charitable Activities Workers Salary & NI Shop - Rent & Rates Shop - Heat, Light & Power Premises Insurance Shop General Expenses Travel & Subsistence Charity Donations Advertising Management & Administration: Telephone Postage & Stationary Bank Charges Accountancy Fees Miscellaneous Depreciation on FA Total Payments Other Payments Equipment / Instrument Miscellaneous Shop - Refurb & Maintenance Total Payments |
Restricted Unrestricted Endowment Total Total Funds Funds Funds 2020 2019 0 5200 0 5200 8558 0 15258 0 15258 15000 0 834 0 834 2191 0 290 0 290 277 0 580 0 580 4861 0 569 0 569 3871 0 5150 0 5150 5340 0 0 0 0 0 0 428 0 428 821 0 0 0 0 0 0 581 0 581 649 0 2400 0 2400 2960 0 146 0 146 317 0 544 0 544 726 |
|---|---|---|
| 0 31980 0 31980 45571 |
||
| 0 0 0 0 0 0 0 0 0 0 0 10503 0 10503 5257 |
||
| 0 42483 0 42483 50827 |
8
Hopskotch Childrens Trust
Name:
Notes forming part of the financial statements for the year ended 31 August 2020
| Note 9 Tangible fixed assets 9.1 Cost or valuation Freehold land & building Plant & Motor Vehicles Fixtures & Fittings Total £ £ £ £ Balance B/Fwd 0.00 5983.00 5983.00 Additions Revaluations Disposals Transfers Balance C/Fwd - - 5983.00 5983.00 9.2 Accumulated depreciation and impairment provision Basis RB RB Total Rate 25% 25% Balance B/Fwd - 3,806.72 6,206.72 Charge for the year 544.00 544.00 Revaluation Impairment provisions Disposals Transfers Balance C/Fwd - - 4,350.72 6,750.72 9.3 Net book value Brought forward - - 2,176.28 2,176.28 Carried forward - - 1,632.28 1,632.28 10 Analysis of debtors Amounts This year £ Prepayments (Rent deposit) 1,250.00 Total 1,250.00 Debtors and prepayments |
Freehold land & building Plant & Motor Vehicles Fixtures & Fittings Total £ £ £ £ 0.00 5983.00 5983.00 |
Freehold land & building Plant & Motor Vehicles Fixtures & Fittings Total £ £ £ £ 0.00 5983.00 5983.00 |
Freehold land & building Plant & Motor Vehicles Fixtures & Fittings Total £ £ £ £ 0.00 5983.00 5983.00 |
Freehold land & building Plant & Motor Vehicles Fixtures & Fittings Total £ £ £ £ 0.00 5983.00 5983.00 |
|---|---|---|---|---|
| - - 5983.00 5983.00 |
||||
| - | - 4,350.72 6,750.72 |
|||
| - | - | 2,176.28 | 2,176.28 | |
| - | - | 1,632.28 | 1,632.28 | |
| Amounts This year £ 1,250.00 1,250.00 |
||||
| Amounts | ||||
| This year £ |
||||
| 1,250.00 | ||||
| 1,250.00 |
9
Hopskotch Childrens Trust
Name:
Notes forming part of the financial statements for the year ended 31 August 2020
NOTE
Donations and grants receivable
Donations are included on a cash received basis.
Grants are recognised in the Statement of Financial Activities when the conditions for receipt have been complied with.
| 2020 | 2019 | ||
|---|---|---|---|
| 11 | Cash at Bank and in Hand | ||
| Petty Cash | 1963.53 | 1488.12 | |
| Current Account | 2290.83 | 340.93 | |
| 4254.36 | 3858.57 |
Risk management
The management have taken adequate steps to ensure that measures to counter risks faced by charities of this type are in place.
12 Creditors and accruals
| Analysis of creditors PAYE liability Accruals and deferred income See Note 12.1 Loans and overdrafts See Note 13 Other creditors See Note 14 Total |
Amounts falling due within | Amounts falling due within | Amounts falling due after | Amounts falling due after |
|---|---|---|---|---|
| This year £ |
Last year £ |
This year £ |
Last year £ |
|
| 481.65 | 472.65 | - | - | |
| 2,560.00 | - | - | - | |
| 950.00 | 23,758.78 | 23,758.78 | ||
| - | - | 13,474.00 | - | |
| 3,041.65 | 1,422.65 | 37,232.78 | 23,758.78 |
| 12.1 Accruals: Rates Electricity Total |
1590 970 |
|---|---|
| 2560 |
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Name: Hopskotch Childrens Trust
Notes forming part of the financial statements for the year ended 31 August 2020
NOTE
13 Transactions with related parties
Loans
| Name of trustee or connected party |
Description of Loan | Amount owing 2020 |
|
|---|---|---|---|
| £ | |||
| Due to trustees and related parties |
David Hatt | Loans from trustee to the Charity for set up costs for the shop and related expenses |
8343 |
| Due to trustees and related parties |
Elaine Rose | Loans from trustee to the Charity for set up costs for the shop and related expenses |
10899 |
| Due to trustees and related parties |
Iris Woolley | Loans from trustee to the Charity for set up costs for the shop and related expenses |
4517 |
| Total | 23759 |
14 Other creditors:
HSBC BBL Loan 13,474.00 Total: 13,474.00
11