Charity number: 1169418 THE GLYN HOPKIN CHARITABLE FOUNDATION CIO UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024
THE GLYN HOPKIN CHARITABLE FOUNDATION CIO CONTENTS Page Reference and Administrative Details of the Charity, its Trustees and Advisers Trustees. Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7-11
THE GLYN HOPKIN CHARITABLE FOUNDATION CIO REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2024 Trustees Ms A M Hopkin Mr G K Hopkin Ms H Hunt Charity registered number 1169418 Principal office 72 Eaton Terrace Belgravia London SW1W 8TZ Accountants Haslers Chartered Accountants Old Station Road Loughton Essex IG10 4PL Page 1
THE GLYN HOPKIN CHARITABLE FOUNDATION CIO TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2024 The Trustees present their annual report together with the financial statements of the charity for the 6 April 2023 to 5 April 2024. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the chartys governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and Charities Act 2011 Objectives and Activities Policies and objectives The charitvs objectives are to further such charitable purposes as the charity trustees think fit for the public benefit. The charity will give grants to other charities with carry out adivities that benefit those in poverty, who are disabled or in distress with an emphasis {but not exclusively) on disadvantaged children. An initial objective is to assist getting autistic young peope in to work. The Trustees have not adopted any fresh policy documents during the period, nor have any plans to extend its activities over the course of the next financial period. Achievements and performance a. Review of activities Donations of £1,163 (2023= £1,147) were made to the charity during the year and distributed post year end. Financial review . Going concern After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. b. Reserves policy The Trustees of The Glyn Hopkin Charitable Foundation CIO have detemiined that where possible all incoming funds should be directed to worthy causes. As the charity only has minimal expenditure the trustees will donate funds as and when required should funds not be available to ensure that Charity does not encounter any fsnancial difficulties. c. Principal funding The financial results for the period are set out in the attached accounts. They show a deficit of £9 for the period (2023.. £13). The total reserves at 5 April 2024 were £574 {2023.' £583). Total expenditure during the period was £1,172. Page 2
THE GLYN HOPKIN CHARITABLE FOUNDATION CIO TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 5 APRIL 2024 Structure, governance and management a. Constitution The Glyn Hopkin Charitable Foundation is a Charitable Incorporated Organisation setup on 30 September 2016, and governed by it's constitution as per that date. b. Organisational structure and decision making The management of the charity is the responsibility of the Trustees who are elected and co-opted under terms of the Trust deed. ¢. Risk management The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mrtigate our exposure to the major risks. Plans for future periods a. Future developments The Trustees wish to continue to provide charitable and not for profit organisations with unrestricted grants. Page 3
THE GLYN HOPKIN CHARITABLE FOUNDATION CIO TRUSTEES. REPORT {continued) FOR THE YEAR ENDED 5 APRIL 2024 Trustees, responsibilities statement The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Engl8nd & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP- make judgments and accounting estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Gharity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustees, on and signed on their behalf by: G K Hopkin Trustee Page 4
THE GLYN HOPKIN CHARITABLE FOUNDATION CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 Unrestricted funds 2024 Totsl funds 2024 Total funds 2023 Note Income from: Donations and legacies 1,163 1,163 1, 147 Total income 1,163 1,163 1,147 Expenditure on: Charitable activities 1,172 1,172 1,160 1.160 Total expenditure 1,172 1,172 Net expenditure before other recognised gains and losses Net movement in funds (9) 19) (9) {9) (13) (13) Reconciliation of funds: Total funds brought foward 583 583 596 574 574 583 Total funds carried fOard The notes on pages 7 to 11 fomi part of these financial statements. Page 5
THE GLYN HOPKIN CHARITABLE FOUNDATION CIO BALANCE SHEET AS AT 5 APRIL 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 2,287 567 1, 147 1,644 2,854 2, 791 Creditors: amounts falling due within one year (2,280) (2, 208) 583 Net current assets 574 Net assets 574 583 Charity Funds Unrestricted funds 583 574 574 583 Total funds The financial statements were approved by the Trustees on and signed on their behalf, by.. G K Hopkin The notes on pages 7 to 11 fomi part of these financial statements. Page 6
THE GLYN HOPKIN CHARITABLE FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting Policies 1.1 Basis of preparation of financial statements The financial statements have been prepared to give a 'true and faiff view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair, view. This departure has involved following the Charities SORP (FRS 102} published on 16 July 2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financial statements have been prepared under the historical Cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102> and Charities Act 2011. The Glyn Hopkin Charitable Foundation CIO constitutes a public benefrt entity as defined by FRS 102. 1.2 Incom8 All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 1.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are alloc2ted directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Support costs are those costs incurred directly in support of expendyture on the objects of the charity and include project management carried out at Headquarters. Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and cost5 relating to the governance of the charity apportioned to char4table activities. 1.4 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 7
THE GLYN HOPKIN CHARITABLE FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 Accounting Policies {continuedl 1.5 Cash at Bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.6 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured al the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liabilty. The unwinding of the discount is recognised within interest payable and similar charges. 1.7 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Income from donations and legacies Unrestricted funds 2024 Total funds 2024 Total funds 2023 Donations 1,163 1,163 1,147 Total 2023 1.147 1, 147 Support costs Total 2023 Total 2023 Accountancy fees Bank charges 1,152 20 1, 140 20 1,172 1,160 Total 2023 1,160 Page 8
THE GLYN HOPKIN CHARITABLE FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Trustees. remuneration and expenses During the year, no Trustees received any remuneration {2023 - £NIL). During the year, no Trustees received any benefits in kind {2023 - £NIL). During the year, no Trustees received any reimbursement of expenses (2023 - £NIL)- Debts and Guarantees The trustees confirm, in accordance with Charitable Incorporated Organisations (General) Regulations 2012, that at year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on assets of the CIO. Debtors 2024 2023 1, 147 other debtors 2,287 Creditors: Amounts falling due within one year 2024 2023 Accruals and deferred income 2,280 2,208 Page 9
THE GLYN HOPKIN CHARITABLE FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Statement of funds Statement of funds - current year Balance at 6 April 2023 Balance at Income Expenditure 5 April 2024 Unrestricted funds General Funds- all funds 583 1,163 (1,172) 574 Statement of funds - prior year Balance at 6 Apnl 2022 Balance at 5 April 2023 Income Expenditure General Funds- all funds 596 1, 147 (1, 160) 583 Total of funds 596 1, 147 (1, 160) 583 Page 10
THE GLYN HOPKIN CHARITABLE FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Statement of funds (continued) Summary of funds- current period Balance at 6 April 2023 Balance at Income Expenditure 5 April 2024 General funds 583 1,163 {1,172) 574 Summary of funds - prior year Balance at 6 Apnl 2022 Balance at 5 Apnl 2023 Income Expenditure General funds 596 1, 147 (1, 160) 583 Related party transactions Mr Glyn Kenneth Hopkin made donations of £1,140 during the year to the Glyn Hopkin Chartiable Foundation CIO (2022 - £1,140). Page11