## **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:
- selected suitable accounting policies and applied them consistently;
- made judgements and estimates that are reasonable and prudent;
- followed applicable accounting standards subject to any material departures disclosed and explained in the financial statements;
- 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.
- Hopskotch completed year with a loss largely due to disruption of activities during the Covid-19 pandemic
- 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.
- Hopskotch has donated funds to M Weaver, ELHAP and other
- 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
- 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.
- 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|
- 3 Income from activities in direct furtherance of charitable objects. This is income from charitable services or charitable trading
- 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**
- 7 This includes all costs incurred in raising funds from all the possible sources of incoming resources.
* Fund-raising costs in attracting donations, legacies and similar incoming resources
* 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**|
10
**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