Charity No. 1163157
Report and Financial Statements
Supershoes
For the year ended 31 August 2020
Charity No. 1163157
Supershoes
Contents
| Contents | |
|---|---|
| page | |
| Report of the Trustees | 1 – 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the financial statements | 7-11 |
| Independent Examiner’s Report | 12-13 |
Charity information For the year ended 31 August 2020
___________________________________________________________________________
| Trustees: | Gill Long |
|---|---|
| Jane Steer | |
| Lucas Tyler | |
| Kenneth White | |
| Sarah White | |
| Charity number: | 1163157 |
| Registered office and principal address: | 49 Weathercock Close |
| Woburn Sands | |
| Milton Keynes | |
| MK17 8SR | |
| Banker: | The Co-operative Bank Plc |
| Independent Examiner: | Kevan Findlay FCCA |
| 19 Golden Hinde Gardens | |
| Milton Keynes | |
| MK10 7JU |
Supershoes
Trustees’ report For the year ended 31 August 2020
The Trustees have pleasure in presenting their second report, together with the financial statements for the year to 31 August 2020.
Structure, governance and management
Supershoes is a Charitable Incorporated Organisation, registered number 1163157, governed by a Foundation document dated 14 August 2015 and an updated constitution of 28[th] June 2019. The Trustees are actively involved in the CIO. The existing Trustees have a policy to look for new trustees, with the necessary skill set as and when required to take Charity forward from existing contacts they have, who are like minded people. When new trustees join, they are given an informal introduction to their role within the Trust and their legal responsibilities.
The day to day management of the Charity is delegated to the Trustee, Sarah White.
Objective
The aim of the charity is to provide activities and items to give comfort to children and young people who are receiving treatment for/or palliative care from paediatric cancer.
In fulfilment of the above aim, the trustees believe that the assets of the Charity should be used to support the beneficiaries through art workshops, and or other art related gifts and where eligibility is met and have been referred by our referring partners such as CLIC Sargent pair of “Supershoes” designed and hand-painted specifically for a child or young person to express all the thing they hold dear,
The “Supershoes” are as unique as the child or young person that wears them and acts as reminder to the child of who they are despite their illness, challenges and treatment.
Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities.
Investment policy
The Charities investment policy is to retain cash so that there is the flexibility to support urgent immediate needs.
Reserves
The Trustees will aim to increase reserves to allow the charity to give support to beneficiaries as and when the need arises. They are aware of the requirement to keep reserves under review. Total reserves held at 31 August 2020 were in a satisfactory position to allow the charity to continue delivering “Supershoes” to nominated children and young people.
Risk assessment
The Trustees have experience of risk assessment exercises and have reviewed the activities of the charity and the risks it faces. From time to time the risks are re-assessed and managed as appropriate. Fundraising policy
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Supershoes
Trustees’ report For the year ended 31 August 2020
We do not use professional or commercial fundraisers nor approach individuals directly. Donations are received through raising awareness of the charity through our website and personal invitations to speak at corporate events. We have received no complaints about fundraising for the charity.
Activities and achievements.
Supershoes has seen fantastic growth and support in financial year 2019/20 especially in the first six months of the year and therefore maximised its impact for children and young people in treatment for cancer during this period. With the Coronavirus pandemic affecting the UK in late Spring, Supershoes took steps to minimize expenditure to ensure sustainability through a prolonged period of reduced income. A covid secure operation was implemented for the production of Supershoes and whilst operating at a reduced capacity the charity continued to deliver Supershoes.
The Coronavirus Pandemic sadly put a halt on all our major fundraising activities planned for the later part of the financial year for 2019/20, so new fundraising initiatives were adapted, including online art auctions, were volunteer super artists created and donated artwork. The volunteer team showed resilience throughout the challenges, which only further highlighted their commitment to our charitable mission.
Art related Gifts:
This year Supershoes reached 627 children with the gift of Supershoes each pair created and designed specifically for the child, by a volunteer Super Artist. The feedback we receive from parents, children and medical staff continues to be incredibly positive with stories of how much Supershoes have provided a much-needed boost, encouraged mobility, raised a smile or given a child the feeling of control. Super Caps are still available as an option for children who are prefer a cap or who are unable to wear shoes.
Following on from a unanimous vote by the Trustees, a change in the eligibility criteria to include young people up to the age of 24 years was noted and the constitution changed on the 28th June 2019. Following on from the announcement the charity has reached 233 young people aged 18-24 years. The feedback is especially heart-felt from this age group and we have seen more varied and poignant designs requested that are more of a symbolic nature. The artist team have adapted incredibly well to the new requests!
Art Related Events:
With all face to face events cancelled Super Art Sessions and Super Arty Parties are not permitted, so we continue to ringfence the funds for future events in our accounting.
Future Plans:
Our plans for a Super Arty Party and roll out of more Super Art session offerings have been postponed until such time it is safe to do so, so plans have switched to focussing on expanding the art offering, like the Supershoes Colouring Books and Art kits that can be sent to hospitals without the requirement of an artist present.
Trustees’ report
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Supershoes
For the year ended 31 August 2020
Financial Review
The charity was fortunate to have increased their level of income from donations in the earlier part of the year by 12% on the previous year purely on fundraising, as well as securing a £20K restricted income grant and backdated gift aid receipts totalling £85,629 for the 12 months compared to the previous year. (2019: £64,193). In addition, the charity received donations of mobile telephone costs totalling £268 plus the provision of hotel accommodation for an event estimated at £275 (2019: £928).
Total expenditure of £58,104 before the donated costs of £543 (2019: £62,903) is primarily represented by the purchase of Converse shoes and postage to send them out to the artists and then the child/young person. The artists do not receive any money for painting the shoes.
Statement of Trustees' responsibilities
The Trustees are aware of their responsibilities to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of its financial activities for that period. In preparing the accounts the trustees have accepted the requirement to:-
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They accept responsibility for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on and signed on their behalf by:
Lucas Tyler
Jane Steer
Gill Long
Kenneth White
Sarah White
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Supershoes
| Statement of financial activities (Including income and expenditure account) For theyear ended 31 August 2020 2020 Restricted Funds Unrestricted Funds Total Funds Notes £ £ £ Income Voluntary Income: Gifts and Donations 2 75,513 Restricted Donations 2 20,100 95,613 Total Income 95,613 Expenditure Charitable Activities 3 5,767 51,568 Costs of Generating Funds 4 0 1,282 58,617 Total Expenditure 58,617 Net income for the year 14,333 22,663 36,996 Balance brought forward 9 8550 15,713 24,263 Fund balances carried forward At 31st August 9 22,883 38,376 61,259 |
Statement of financial activities (Including income and expenditure account) For theyear ended 31 August 2020 |
Statement of financial activities (Including income and expenditure account) For theyear ended 31 August 2020 |
Statement of financial activities (Including income and expenditure account) For theyear ended 31 August 2020 |
Statement of financial activities (Including income and expenditure account) For theyear ended 31 August 2020 |
Prepared by: | A Kent 2019 Total Funds £ 60,485 |
|---|---|---|---|---|---|---|
| Restricted Funds £ 20,100 5,767 0 14,333 8550 22,883 |
Unrestricted Funds £ 75,513 51,568 1,282 22,663 15,713 38,376 |
2020 Total Funds £ 95,613 95,613 58,617 58,617 36,996 24,263 61,259 |
Unrestricted Funds £ 50,485 10000 |
|||
| 60,879 2,712 |
60,485 63,591 |
|||||
| 63,591 | ||||||
| -3,106 27,369 |
||||||
| 24,263 |
The charitable company had no recognised gains or losses other than the net movement of funds for the year. The net outgoing resources and resulting net movements in funds arrive from continuing activities.
The notes on pages 6 to 12 form part of these financial statements.
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Supershoes
Balance sheet As at 31 August 2020
________________________Notes Fixed assets Tangible assets 7a Current assets Stock 7b Debtors 7c Bank & cash 7d Current liabilities Trade creditors 8 Other creditors 8 Net current assets Total net assets Funds & reserves Restricted Funds 9 Unrestricted Funds 9 |
_______________£ 1,042 728 56,783 |
_________________2020 Total £ 2,736 58,523 61,259 22,883 38,376 61,259 |
___________£ 1,370 1,287 18,878 |
________2019 Total £ 3,440 20,823 |
|---|---|---|---|---|
| 58,553 0 30 |
21,535 0 712 |
|||
| 30 | 712 | |||
| 24,263 | ||||
| 8,550 15,713 |
||||
| 24,263 |
The notes on pages 6 to 12 form part of these financial statements.
Approved by the board on and authorised for issue on and signed on its behalf by
Kenneth White Sarah White
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Supershoes
Notes to the financial statements For the year ended 31 August 2020
___________________________________________________________________________
1. Accounting policies
Accounting convention
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014.
Going concern
These accounts have been prepared on the going concern basis as the trustees consider that there are sufficient reserves available to meet the charity’s liabilities as they fall due.
Incoming resources
All income is included in the SOFA in the year in which it becomes receivable.
Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.
Resources expended
All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to do so.
Governance costs include those incurred in the governance of the charity and its assets and primarily associated with constitutional and statutory requirements.
All other expenditure is directly attributed to one of the functional categories of resources expended in the SOFA, on a basis consistent with the use of the resources.
Assets with a value of £500 or less are expended.
Fund accounting
The charitable company's unrestricted funds consist of funds which the charitable company may use for its purposes at its discretion.
Judgements in applying accounting policies and key sources of estimation uncertainty
In applying the charity’s accounting policies, the Trustees may be required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities.
Due to the nature of the charity’s activities and financial statements, the Trustees do not consider there to be any significant judgements or sources of estimation uncertainty which could influence the reader’s understanding of the financial statements.
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Supershoes
Notes to the financial statements For the year ended 31 August 2020
___________________________________________________________________________
| 2. Gifts and Donations Restricted Unrestricted Donations Restricted 20,100 Gift Aid 4,834 Unrestricted 60,695 Adjustment for Gift Aid Debtor 0 20,100 65,529 Grants Government Covid Grant 10,000 Donated Assets and Services Mazars- Independent Examination Telecommunications - old premises Event donations 275 Mobile Phone - S White 268 20,100 76,072 D1 D1 |
Restricted Unrestricted 20,100 4,834 60,695 0 |
2020 £ Total 20,100 4,834 60,695 0 85,629 10,000 10,000 0 0 275 268 543 96,172 |
2019 £ Total 10,000 0 54,193 -5050 |
|---|---|---|---|
| 59,193 | |||
| 0 0 240 233 0 455 |
|||
| 20,100 76,072 D1 D1 |
928 | ||
| 60,071 |
| 3. Charitable activities Shoes, caps and materials Fundraising Events Mission Events Third Party Events Postage & packaging Support Costs 5 D1 |
2020 £ Total 11,180 1,487 441 82 11,993 32,152 57,335 |
2019 £ Total 14,710 2,671 182 406 14,636 28,964 61,569 |
|---|---|---|
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Supershoes
Notes to the financial statements For the year ended 31 August 2020
___________________________________________________________________________
| 4. Costs of generating funds Fundraising (General) Marketing Online Giving Fees D1 5. Support Costs Salary 6 Computer / IT and website Property Costs Office Furniture Travel Telecommunications Office Consumables and Cleaning services Depreciation 7a Governance Costs - trustee meetings 3 |
2020 £ Total 703 579 0 1,282 2020 £ Total 9,419 4,363 13,759 26 610 797 2,447 704 27 32,152 |
2019 £ Total 916 859 117 |
|---|---|---|
| 1,892 | ||
| 2019 £ Total 8,110 2,591 9,085 997 1,222 1,373 5,062 479 45 |
||
| 28,964 |
6. Trustees
The Board of Trustees received no emoluments for their services as Trustees and have delegated the day to day management of the Trust to the Trustee, Sarah White as the charity has no employees. Sarah White received £9,360 in remuneration for management of the charity.
The Board of Trustees received reimbursement for travel expenses totalling £0.00 (2019: £0.00).
The charity does not hold Trustee indemnity insurance at present.
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Supershoes
Notes to the financial statements For the year ended 31 August 2020
7a. Fixed Assets
| Cost At 1 September 2019 Additions a Disposals At 31 August 2020 Depreciation At 1 September 2019 Charge 20% SL At 31 August 2020 Net book value At 31 August 2020 |
2020 £ Plant & equipment 0 0 0 0 704 704 2,736 |
2019 £ Plant & equipment 0 3,919 |
|---|---|---|
| 3,919 | ||
| 0 479 |
||
| 479 | ||
| 3,440 |
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Supershoes
Notes to the financial statements For the year ended 31 August 2020
___________________________________________________________________________
7b. Stock
| Unallocated Shoes Fundraising Stock Merchandise |
2020 £ 742 0 300 1,042.00 |
2019 £ 690 180 500 |
|---|---|---|
| 1,370.00 |
8. Creditors – amounts falling due within one year
| Trade Creditors - D2 Accruals August Wages - S White 6 D2 |
2020 £ 0 0 30 30 |
2019 £ 0 |
|---|---|---|
| 0 | ||
| 712 | ||
| 712 |
2020 - £30 Salary correction , (2019 £712 SW Salary for Aug 2019)
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Supershoes
Notes to the financial statements For the year ended 31 August 2020
___________________________________________________________________________
9.Funds and reserves
| Funds and reserves | |||
|---|---|---|---|
| Balance at 1 September 2019 Net incoming resources Balance at 31 August 2020 |
Restricted Funds £ 8550 14,333 22,883 D1 |
Unrestricted Funds £ 15,713 D1 22,663 38,376 D1 |
Total Funds £ 24,263 36,996 |
| 61,259 | |||
10. Related party transactions
In the year ended 31 August 2020, a trustee’s supplied; mobile phone services valued at £268 (2019: £455).
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Supershoes
Independent Examiner’s Report to the Trustees of Supershoes
I report on the financial statements of the Trust for the year ended 31 August 2020, which are set out on pages 5 to 12.
Respective responsibilities of trustees and examiner
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 2011 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
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state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission as covered in Independent examination of charity accounts: Directions and guidance for examiners (CC32)
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 Accounts, seeking explanations 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.
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Supershoes
Independent Examiner’s Report to the Trustees of Supershoes
Independent examiner’s report to the Trustees of Supershoes
I report to the trustees on my examination of the accounts of Supershoes for the year ended 31 August 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination and I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Kevan Findlay FCCA
19 Golden Hinde Gardens
Milton Keynes
MK10 7JU
14[th] June 2020
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