2020-10-31-accounts - Alpkit Foundation

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	Trustee name	OfIice (ifany)	Dates acted	ifnot for whole	Name ofperson a oint trustee	Name ofperson a oint trustee
	David Hanney
	Nick Smith
	Kenny Stocker
	Colin Stocker
	Adge Last
	Fionn Naysmith		Resigned	27November
			2020
8-	Liam Reeves
10
H7
	Talyn Williams		Resigned	24 March
			2021
	Louise Harris
10	Pete Whitakker		Appointed 2020	29January
	Rehna Yaseen		Appointed	24 March
			2021
12	Elly Cundill		Appointed 2021	24 March
	Names ofthe trustees	for the charity, ifany, (for example, any custodian				trustees)
	Name		Dates acted ifnot for		whole	ear

Names and addresses o	Names and addresses o	fadviser	s (Optional	information)
eofadviser		Name		Address
Independent	Examiner	KI.N	Accountancy	8-10High	Street, Heanor, Derbyshire,		DE75 7EX
		Services
Bankers		Coo	rative Bank	PO Box 101, 1 Balloon Street, Manchester M60 4EP
				~. .	. i
.Name ofchiefexecutive		or naInes ofsenior		A@fmembers. (Optional		infor'mation)

	Type of governing document		Constitution
	How the charity is constituted		'Charitable	Incorporated	Organisation
	Trustee selection methods		The existing trustees make appointments			ofnew trustees when	deemed
		)	necessary in order to perform the trust's trustees are selected on the basis oftheir			objectives effectively. relevant background	Potential and
			experience	and are expected to actively		support and further the charity's
			work .
Additional governance issues (Optional information)
You may choose to include
additiorial informatiori, where
relevant, about
~	policies and'procedures
	adopted for 'the induction and
	training oftrustees;
~	the charity's organisational .. .
	structure and any wider
network with which the charity ~ ' works; .:.:,-.',~., 'p'			.
		I
~	relationship Ath any related
	parties;
Q trustees' c~5eration of t7', '"tnajor risks And the system and
	procedures to manage them.				.'j~ j

Summary ofthe main achievements ofthe charity during the year	Summary ofthe main achievements ofthe charity during the year	Summary ofthe main achievements ofthe charity during the year	Alpkit Foundation received donations ofover f78,300 in made awards ofover f62,500.More details ofindividual found at mvw. al kit.com/foundation	the period and awards can be	the period and awards can be
			The net surplus in the year off14,308is added to unrestricted		reserves.
			Unrestricted reserves total for future benefit are f42,501.

				0X
				8			Restricted
						Unrestricted	Income	Endowment	Total this		Total	last
				5 C9		funds	funds	funds	year		year
						R	R	R			R
Fixed assets						F01	F02	F03		F04	FOS
Intangible assets			(Note 16)	8o1
Tangible assets			(Note 14)	8o2
Heritage assets			(Note 16)	863
Investments			(Note 17)	864
			Total fixed assets	8os
Current assets
Stocks			(Note 18)	8o6
Debtors			(Note 19)	8o7		13,712				13,712	42,475
Investments			(Note 17;4)	8M
Cash at bank and		in	hand (Note 24)	8os								578
		Total current assets		81o								,0
Creditors: amounts			falling due within
one year	(Note 20)			811		17,110				17,110	14,852
Net current			assets/(liabilities)	812							8,20
Total assets	less current liabilities			813							28,2		1
Creditors: amounts			falling due after
one year	.	(Note 20)		814
Provisions for liabilities				815
Total net assets	orliabilities			816		42,508				42,508	28,201
Funds of th'0	Charity
Endowment funds		(Note 27)		817
					I
Restricted income		funds (Note 27)		816
Unrestricted funds				819		42,508			42;508		28	201
Revaluation reserve				820
			Total funds	821-
Signed by one or two		trustees on behalf ofall									Date	of
the trUstees						Signature-		-—-Print	Name	-- -:—	approval-
											dd/mm
Y

This standard	This standard	list ofaccounting policies has been applied by the charity except forthose licked "No"or "N/a".	list ofaccounting policies has been applied by the charity except forthose licked "No"or "N/a".	list ofaccounting policies has been applied by the charity except forthose licked "No"or "N/a".	Where a	Where a
different or	additional		policy has been adopted then this is detailed in the box below.
Reoognltlon		ofInoome		These are included in the Statement ofFinancial Activities (SoFA)when:
				~ the charity becomes entitled to the resources;
				it is more likely than not that the trustees will receive the resources; and			Yes	No	N/a
				~ the monetary value can be measured with sufficient reliability.
				There has been no offsetting ofassets and liabilities, or income and expenses, unless required			Yes	No	N/a
OffseNng				or permitted by the FRS 102SORP or FRS102.
							Yes	No	N/a
				Grants and donations are only included in the SoFA when the general income
Orants and donations				recognition criteria are met (5.10to5.12 FRS102SORP).
				In the case ofperformance related grants, income must only be recognised to the extent that the charity has provided the specified goods orservices as entitlement		to the	Yes	No	N/a
				grant only occurs when the performance related conditions are met (5.16FRS 102
				SORP).
Legacies				Legacies are included in the SOFA when receipt is probable, that is, when there has			Yes	No	N/a
				been grant ofprobate, the executors have established that there are suNcient assets in
				the estate and any conditions attached to the legacy are either within the control ofthe
				charity or have been met.
							Yes	No	N/a
Oovernment		grants		The charity has received government grants in the reporting period
				Gift Aid receivable is included in income when there isa valid declaration from the
Tax reolaims		on		donor. Any Gift Aid amount recovered on a donation is considered to be part ofthat gift			Yes	No	N/a
donations	and gifts			and istreated as an addition to the same fund as the initial donation unless the donor or
				the terms ofthe appeal have specified otherwise.
Contraotual performanoe		inoome and related		This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.			es	No	N/a
grants
							Yes	No	N/a
				Donated goods are measured at fair value (the amount for which the asset could be
				exchanged) unless impractical to do so.
				The cost ofany stock ofgoods donated for distribution to beneficiaries isdeemed the fair value ofthose gifts at the time oftheir receipt and they are recognised on	to be		Yes	No	N/a
				receipt. In the reporting period in which the stocks are distributed, they are recognised
				as an expense at the carrying amount ofthe stocks at distribution.
				Donated goods for resale are measured at fair value on initial recognition, which is		the
				expected proceeds from sale less the expected costs ofsale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the			Yes	No	N/a
				balance sheet. On its sale the value ofstock is charged against 'Income from other
				trading activities' and the proceeds from sale are also recognised as 'Income from
				other trading activities'.
							Yes	No	N/a
				Goods donated for on-going use by the charity are recognised as tangible fixed assets
				and induded in the SoFAas incoming resources when receivable.
							Yes	No	N/a
				Gifts in kind for use by the charity are included in the SoFAas income from donations
				when receivable.
Donated servloes and				Donated services and facilities are included in the SOFA when received at the value of			Yes	No	N/a
aolllties				the gift to the charity provided the value ofthe gift can be measured reliably.
				Donated services and facilities that are consumed immediately are recognised as			Yes	No	N/a
				income with an equivalent amount recognised as an expense under the appropriate
				heading in the SOFA.
							Yes	No	N/a
Support costs				The charity has incurred expenditure on support costs.

						Yes		No	N/a
Volunteer help				The value ofany voluntary help received is not included in the accounts but is described in the trustees' annual report.
						es		o	a
Income from	interest,			This is included in the accounts when receipt is probable and the amount receivable
royalties and	dividends			can be measured reliably.
						es		No	N/a
Inoome from	membership			Membership subscriptions received in the nature ofa gifi are recognised in Donations
subsorlptions				and Legacies.
				Membership subscriptions which gives a member the right to buy services or other		es		o	a
				benefits are recognised as income earned from the provision ofgoods and services	as
				income from charitable activities.
SeNement ofInsuranoe olalms				Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10to5.12FRS102SORP) and are included as an item ofother income in the SoFA.		Yes		No	N/a
Investment gains losses		and		This includes any realised or unrealised gains or losses on the sale ofinvestments and any gain or loss resulting from revaluing investments to market value at the end ofthe		Yes		No	N/a
				year.
2.3EXPENDITURE				AND LIABILITIES
Liability reoognltlon				Liabilities are recognised where it is more likely than not that there isa legal or		Yes		No	N/a
				constructive obligation committing the charity to pay out resources and the amount of
				the obligation can be measured with reasonable certainty.
Oovernanoe	and	& support		Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability ofthe charity and its		es		o	a
				compliance with regulation and good practice.
				Support costs include central functions and have been allocated to activity cost		Yes		No,	N/a
				categories on abasis consistent with the use ofresources, eg allocating property costs
				by fioor areas, or per capita, staff costs by the time spent and other costs by their
				usage.
OranS with performanoe oonditlons				Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient ofthe grant has provided the specified service or output.		es
Grants payable without performance oondltlons				Where there are no conditions attaching to the grant that enables the donor charity realistically avoid the commitment, a liability forthe full funding obligation must be recognised.	to	es Y		No	N/a
Redundanoy	cost			The charity made no redundancy p'ayments during the reporting period.		Yes	'	No,	N/a
Deferred Income				No material item ofdeferred income has been included in the accounts.		Yes	-	No	N/a -—
(
						es		No. "-',	N/a
				The charity has creditors which are.measured at settlement amounts less any,trade
				discounts
				A liability is measured on recognition at its historical cost and then subsequently
Provisions for liabilities sr: ~ ''				measured at the best estilnate ofthe amount required to settle the obligation at the reporting date "-'
basic financial Instruments				The charity accounts forbasic fiinanclal instruments on initial recognition as per paragraph 10.7.FRS102SORP. Subsequent measurement isas per paragraphs 11.17 to 11.19,FRS102SORP.		Yes		No;:	N/a
2.4ASSETS
TAnglble fixed assabf use by chartt)/			for	These are capltalised ifthey can be-used for more than ohis'year, and cost at leds I '. THey are valued atcost.		Yes		I No;	N/a
		i		The depreciation rates and methods used are disclosed in note 9.2.				? '
IntanOlble fixed assets				The charity htis iritanglble fixed assets, that is, non-monetary assets that do not have		Yes		No	N/a
				physical substance but are identifiable and are controlled by the charity thrdugh custody
				or legal rights. The amortisation rates and methods used are disclosed in'note 9.5 : I;
						es

CCl7• {EK(¥)

Nate 3	Nate 3			Analysis	Analysis	Analysis	of	inoome	inoome	inoome	inoome	inoome			Resuictea
														Unresulcted	Income	Endowment
														funds	fUnds	funds	Total funds	Prior year
						Anal			Is								E	E
Donations		Donations			and	ifts								78,364			78,364	74,833
and legacies:		Gift Aid
		L acies
		General	grants provided						by		government/other
		charities
		Membership			subscriptions					and sponsorships
		which are		in substance				donations
		Donated		oods		facilities			and			services
		Other
													Total	78,364			78,364	74,833
Charitable
aotlvities:
		Other
													Totaf
Other trading
aotlvlttes:
		Other
													Total
Income	from	Interest	income
Investments:		Dividend		income
		Rental and			leasin		income
		Other
													Total
Separate
material	item
ofinoome:
													Total
Other:		Conversion			ofendowment					funds			into income
		Gain on	disposal			of	a tangible					fixed asset held
		for cha		s own		use
		Gain on	disposal			of	a programme						related
		investment
		Royalties		from the exploitation								of	intellectual
		r	ri		hts
		Other
													Total
TOTAL	INCOME													78364			78364	74833
Other Iilforiilatlon:
AII Income In the prior year					was unrestrloted						except for.
(please provide		description			and amounts)
Where any endowment fund					Is converted				Into Income In the
reporting	period,	please give the				reason		for		the conversion.
Within the Inoome Items			above the followlni								items		are
material:	(please	disolose		the nature,			amount				and		any prior
year amounts)

Note 4		Analysis ofreceipts ofgovernment	grants
					This year	Last year
		Descri	tion		R
Government	grant 1
Government	grant 2
Government	grant 3
Other
				Total
Please provide details ofany
unfulfilled condldons and other
contingencies attaching		to grants
that have been recognised inincome.
Please give	details ofother forms of
government	assistance	from which
the charity	has directly	benefited.

Note 6	Donated goods, faoilities and servioes	This year	Last year
		R	R
Seconded staff
Use of property
Other
Please provide details	ofthe
accounting policy for	the recognition
and valuation ofdonated goods,
facilities and services.
Please provide details	ofany
unfulfilled conditions	and other
contingencies attaching to resources
froin donated goods and services not
recoanised in income.
Please give details of	other forms of
other donated goods and services not
recognised in the accounts, eg
contribution of unpaid	volunteers.

					This year	Last year
			Desori	tion	R	R
Extraordinary	item	1
Extraordinary	item	2
Extraordinary	item	3
Extraordinary	item	4
Total extrordinary		items

			Amount	Amount	received		Amount	Amount	aid out	Balance held at	Balance held at	eriod end	eriod end
Description/name	ofparty	Related party (Yes	This	ear	Last	ear	This	ear	Last ear	This	ear	Last	ear
		or No
		Total

Description/name	ofparty	Balance held at	cried end
		This ear	Last ear

											asks o
	Raising	funds	Activity	1	Activity	2	Activity	3	Grand	total	allocation
Supportcost											escn e
(examples)											method)
Governance
Other
Total

This	year	Last year
	R
	330	960

13.1A	nalysis	ofgrants paid (i	ncluded in cost o	fcharita	ble activitie	s)
			ran	o	ran	o
		Analysis	institutions		individuals		Supportcosts	Total
General	Grants					62527			62,527
		Total				62,527			62,527

13.2Grants made to institutions
My chanty has made grants toparticularinstitutions that are matenalin the context ofits grantmaking. Details ofthe institution supported, purpose ofthe grant and total paid to each institution isavailable on the charity's web site.	Yes No	Please provide details ofcharity's URL. Provide details below
Names ofinstitution Purpose		Total amount of grants paid R

Note 14		Tangible	Tangible	Tangible		fixed assets	fixed assets
Please complete this	note lfthe		charity has				any tanglNe fixed		assets
1s.t Cost or valuation
	Freehold Isnd					Olhsr Isnd 4		Plsnl,	Fixuuss,	Total
	a buildings					buildings		IINchlnsry	linings ~nd
								~ed nlolor	~qutpmsnt
								vehicles
Al the begnning ofthe
vear
Addikons
Revakmgons
CHsposals
Transfers
Al end ofthe year
1'Oepreclagon and Impalrments
«Basis		SLorRB				SLorRB		SLorRB	SLorRB	SLorRB	Straight Line
											I SL Io
											Reducing
											Balance
Rate
Al beginning ofIhe
vaaf
Oisposals
Oeprsciabon
Impairment
Transfers'
At end ofthe year
14.3Net book value
Net book value al Ihe
beginning ofthe year
Net book value atgre
end ollheyear-
141 Impairment
ptease provide adescription ofthe					events and
circumstances thar led tothe recognNon'or
raversaf ofap Impairment		loss.
1d.g Revaldatton
Ifan accounihrg poiNy ofrevaluaton						isadopted,		~ rovl
the effecdve dtpa ofthe		revaluadon
the name ofIndependent		valuer,	Ifappilesfde
the methods applied	and slgnNcant
assumptions							'
the canylnffimiwnt	that wouhf		have'been
recognised had thd assets been			canted under
the costmodel.
!
14.0 Other disclosures
N Please stbtb die anhwnt ofborrotriiqf costs,
Ifany, capita7isdd In the		cbnstrucdon				offangltde
fbred assets dnd th'e capitaiisadon					rate I(sed.
(IJ please provNe the amount			ofconuanual
commhments forthe	acqulsNon			of		tangible lixed
assets.
(gff Dotage of.the existence and				canying			.
amounts ofproperly,	plant and equipment						to
urbe the charity has	nmtrfctad		tide			orthat	am
pledged as sacurhy forllabgNes.

Note 15 kllenglblo	Note 15 kllenglblo	aasota
please samples ws nos yme shortly kss sny fnsnytbs assets
ld.l Cast orvolusllon
Rooaoroh	O			Toc I
rohrprawr
Al l»ykmhy olp»
Addllons
Transfma
Al ond ctp» ysw
15.1Amordsamm snd impsirnwrls
desi SLorRB		SLorRB			Suaiyh Lrw
					PN.D ar
					Rsduchy
					Bahnco
Amorysapon
Impsim»nl
Tmwfers
Al end olyear
1$.3Nel book velw
Nal hook vskw d Ihs
l»yhnhy ofIhe ywr
Ncc book vaho al Ihe
~nd olP» year
1SAAccounly pokey Ptosse cdsckee d»~poycy lsr hnenyyrh			Ihed assets I ckrdfrup
Reasons forchooslny
~mordsedon miss
Poychs ihr me mcoynkkm ofany
capnd dsvolopnrerrt
1'Impelm»nl
Places provlS ~ cryrftcn oflhe swah end clc mstencw It»i led loIhs oyrrhkNr Or
ravarsef ofsn npebment k»a
IS.SRowiu don don eccounltny poycy ofvatuestkm		Sadcptect please prevtdu
me earrytny ammmt that waukt	have	been
coynlsmf hsd Iheomah been	cswlmt under
Iho costmcdst
I
15.7Od»r task»ums
ty d your lnanysls asset was	ompdmd by wsy
ofdrank pnwkh vehe on Inkhl	~ oyntyrm end
carryhry smrwnt efms assoc
Delays ofthe canytny mncmnts		ofeny
lrhmyyds assam lawhirl lhe chasyy		has
locatated dds rN' Ihel oroptarytod oa aocurhy AN' yebyWsa tyy please provhS dm emmmt of~
conualbaenls ysrlhe accprSWon	cdldsnyyds
pvf Blear y» anromd afmonarch end
dsvelopmenl tenryfure reoynhed		as
pencmure iu ma paar.
Plow» dsmy d» hemyaye	ln Itm SCPAh
~hhh echarys Arr mmudssdon assam Slnchdwf.	ofintsnyWe
fray Porany cslsrlsl StwySS essa», plasm
pmvAS ~ acryrthw hs oenyhy mncmnt and
any ronmlchy amorltsomNr period
Tlw TmeAn mw is AN ovemerds behreen dred asset cahycrhn "Phew hdcoh me nwyrod ct tuoctaaW bydstsfhy y» meyrod not mrpywah					fSL-saatyht
yns; Ry ~ rmhmhy bahnrwt Ako plows hdode y» mh ofdsprechyw: isy» arukyrdad ds ofme assoc pn yearsf, srrocarchy aehncw, whet is				AN siratyfd yw. what y»posnhye annual

18.1 Plea activities.	se	st	ate the carrying	amount ofsto	ck and work in	progress anal	ysed betwee	n
					Stock	Donated	goods
								Work in
				For	For resale	For	For resale	progress
				distribution		distribution
Charitable		activities:
Opening
Addedin period
Expensedin		period
Impaired
Closing
Other trading activities:
Opening
Added in penod
Expensedin		period
Impaired
Closing
Other:
Opening
Addedin period
Expensed	inperiod
Impaired
	'!	'
Closing
Total this	year
Total prpious			year

debtor	s orprepayments.	s orprepayments.
19.1	Analysis ofdebtors
Trade	debtors
Prepayments		and accrued income
Other	debtors
			Total

This year	Last year
13,712.0	42,475.0
13,712.0	42,475.0

	This	year	Last year
		R	R
Total

			Amounts	falling due	falling due	Amounts	falling	falling	due after
			within one		year	more	than	one year
			This year	Last year		This year		Last year
			R		R	R			R
Accruals	for grants	payable	17,110		14,852
Bank loans and overdrafts
Trade creditors
Payments	received	on account for contracts or
performance~lated		grants
Accruals	and deferred income
Taxation	and social	security
Other creditors		' Total

Note	24	Cash	at bank and in hand
						This year	Last year
						R	R
Short	term oash investments		(less than 3months	maturity	date)
Short	term deposits
Cash	at bank and on	hand				845,906	578
Other
Total

Note 27	Chari	funds
27.1 Details of material funds		held and movements		during the CURRENT reporting			period
Please give details ofthe movements			ofmaterial Individual		funds In	the reporting period	together with a balancing		figure for	%2ther funds'.	The Total funds' ggure
below shoufd reconcile	to Total	funds'	in the blanace	sheet
' Keyr PE-permanent endowment funds; EE-expandible					endowment	funds; R - restricted income funds, Including			special trusts, of the charttyi and V-unrestricted
funds
							Fund					Fund
							balances					balances
		Type PE,EE RorUR' Purpose and Restrictions					brought forward	Income	Expenditure	Transfers	Gains and losses	carried forward
Fund names							E	E	E	E	E	E
Other funds

Note 27	Chari	funds	cont
27.2Details ofmaterial funds		held and movements			during the PREVIOUS reporting			period
Please give details ofthe movements			ofmeterlal	Individual		funds in	the reporting period	together wffh abalancing		figure for	'Other funds'.	The Total funds' figure
below should reconcile	to Total	funds'	in the blenece		sheet
'Key: PE-permanent endowment funds; EE-expendtble						endowment	funds; R-resbtcted Income funds, Including special trusts, ofthe cherityl and V - unrestricted
funds
								Fund					Fund
		Type PE, EE Ror UR'		Purpose and RestrlcEons balances brought forward					Income	Expenditure	Transfers	Galas and losses	balances carried forward
Fund names								E	E	E	E	E	E
Other funds
							Total Funds

Note 27			Charity funds (cont)	Charity funds (cont)
27.3 Transfers		between		funds
				Reason fortransfer	and where endowment		is converted to income,	Amount
					legal power for its conversion
Between	unrestricted		and
restricted	funds
Between	endowment		and
restricted	funds
Between	endowment		and
unrestricted funds
27.4Designated		funds
Planned		use			Pur oseof the desi	nation		Amount

eny mrnuneradon	oro	ther benHlts pai	d toetmstee by the charity	oreny Inethudon o	rcompany connected wi	th IL
				Amounts	paid or benefit value
			Legal authority (eg		nodundonoy	TOTAL
			order, governing document)		gnolwana loss of
					otllooyax
Please give dotage	of	why mrnunemdon	orother
eirlployiiieril beneg¹		warn paid.
Where an exgrat¹	payment hss been		made mauustee,
pmvhhi en arplenatlon		ofthe natum ofthe payment