Companies House Registration Number: CE013373 Charity Registration Number: 1177321
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 July 2022**
## **for**
**The School For Pop Ups CIO**
## **(A Charitable Incorporated Organisation)**
Green Accountancy Limited Chartered Certified Accountants Windrush House Windrush Park Road Witney Oxfordshire OX29 7DX
## **The School For Pop Ups CIO**
## **Contents**
|Charity information|1|
|---|---|
|Report of the trustees|2-3|
|Independent examiner's report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7-12|
## **The School For Pop Ups CIO**
## **Reference and administrative details**
## **Registered Charitable Incorporated Organisation number in England and Wales**
CE013373
## **Registered Charity number**
1177321
## **Registered office**
Union St 18-20 Union Street Sheffield S1 2JP
## **Trustees**
Simon Michael Kilpatrick Nick Spooner Daniel Pinch Leonie Sloots
## **Independent Examiner**
David Wilsdon FCCA Green Accountancy Limited Chartered Certified Accountants Windrush House Windrush Park Road Witney Oxfordshire OX29 7DX
Page 1
**The School For Pop Ups CIO**
## **Report of the trustees for the year ended 31 July 2022**
The School For Pop Ups CIO is a Charitable Incorporated Organisation whose only Members are the Trustees. The objectives of the charity and the powers of the Trustees are set out in the Constitution as are the regulations concerning the appointment of new Trustees.
The trustees present their report with the financial statements of the charity for the year ended 31 July 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The trustees are responsible for keeping proper accounting records which disclose the financial position of the charity with reasonable accuracy at any time and enable them to ensure that the accounts comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
New trustees are appointed by a majority of trustees in office at that time.
## **Objectives and Activities**
The purpose of the charity is the relief of unemployment and prevention of financial hardship by providing education and experience of food and drink service operations, in particular but not exclusively by café/restaurant premises.
The charity provides 1-to-1 mentoring, small group workshops, and test trading opportunities within an established city centre café
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit.
## **Achievements and Performance**
During this time the charity delivered well attended workshops, ranging from how to work with other people and set goals to how secure a place in a larger food court.
Additional staff were recruited to provide 1-to-1 support during the test trading process, assisting new traders with developing menus, creating a smooth ordering process and engaging with customers and payments.
The charity provided the first regular trading opportunity in the city centre to five new food businesses. Of these, one has secured a paid role as a baker, one has closed their business, and three have successfully grown their businesses to secure larger public events and a regular public catering offer.
Page 2
## **The School For Pop Ups CIO**
## **Report of the trustees for the year ended 31 July 2022**
## **Financial Review**
The charities financial position was significantly impacted by Covid, with the number of people working from city centre offices (our primary customer base) sharply reduced. However, a Government Hospitality Grant (secured the previous year) was gradually invested, and trading income during this period was doubled.
The policy is to hold reserves to ensure wages can be paid for 3 months, if trading income was reduced to zero, to enable the continuation of the charities work.
The charity held £2,320 at the end of this period.
## **Structure, Governance and Management**
The School For Pop Ups is constituted as a Charitable Incorporated Organisation (CIO). The governing document is the The School For Pop Ups constitution.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.
## **Declaration**
The trustees declare that they have approved the trustees’ report above.
## **Signed:**
Simon Michael Kilpatrick
**Date:** `31/05/2023`
Page 3
## **Independent Examiner's Report to the Trustees of The School For Pop Ups CIO**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 July 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
Having satisfied myself that the accounts of the charity are not required to be audited and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1 accounting records were not kept in respect of the charity as required by the 2011 Act; or
- 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the accounting requirements of the 2011 Act 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; or
- 4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
David Wilsdon FCCA Green Accountancy Limited Chartered Certified Accountants Windrush House Windrush Park Road Witney Oxfordshire OX29 7DX
```
31/05/2023
```
Date: .............................................
Page 4
## **The School For Pop Ups CIO**
## **Statement of Financial Activities for the year ended 31 July 2022**
|Unrestricted
funds
Note
£
**Incoming resources**
_Income and endowments from:_
Charitable activities - income
3.2
30,883
**Total Income**
30,883
**Resources expended**
_Expenditure on:_
Charitable activities - expenditure
4.2
52,895
**Total expenditure**
52,895
Net income/(expenditure)
(22,012)
Net movement in funds
(22,012)
_Reconciliation of funds:_
Total funds brought forward
24,332
Total funds carried forward
2,320|Restricted
funds
£
(3,695)
(3,695)
1,983
1,983
(5,678)
(5,678)
5,678
-|Total
2022
£
27,188
27,188
54,878
54,878
(27,690)
(27,690)
30,010
2,320|Total
2021
£
44,579|
|---|---|---|---|
||||44,579|
||||19,390|
||||19,390|
|||||
||||25,189|
||||25,189
4,821|
||||30,010|
## **Continuing operations**
All income and expenditure has arisen from continuing activities.
Page 5
**The School For Pop Ups CIO**
**Charity Number 1177321**
|**Balance Sheet as at 31 July 2022**
Unrestricted
funds
Note
£
**Fixed assets**
Tangible assets
5
2,074
**Total fixed assets**
2,074
**Current assets**
Stocks
6
-
Cash at bank and in hand
7
16,757
**Total current assets**
16,757
Creditors: amounts falling due within one year
8
16,511
**Net current assets/(liabilities)**
246
**Total net assets**
2,320
**Funds of the Charity**
Unrestricted funds
10
2,320
Restricted income funds
10
-
**Total funds**
2,320|**Balance Sheet as at 31 July 2022**
Unrestricted
funds
Note
£
**Fixed assets**
Tangible assets
5
2,074
**Total fixed assets**
2,074
**Current assets**
Stocks
6
-
Cash at bank and in hand
7
16,757
**Total current assets**
16,757
Creditors: amounts falling due within one year
8
16,511
**Net current assets/(liabilities)**
246
**Total net assets**
2,320
**Funds of the Charity**
Unrestricted funds
10
2,320
Restricted income funds
10
-
**Total funds**
2,320|**CIO Number CE013373**
Total
Total
2022
2021
£
£
2,074
2,416
2,074
2,416
-
250
16,757
32,384
16,757
32,634
16,511
5,040
246
27,594
2,320
30,010
2,320
24,332
-
5,678
2,320
30,010|**CIO Number CE013373**
Total
Total
2022
2021
£
£
2,074
2,416
2,074
2,416
-
250
16,757
32,384
16,757
32,634
16,511
5,040
246
27,594
2,320
30,010
2,320
24,332
-
5,678
2,320
30,010|
|---|---|---|---|
||2,074|2,074|2,416|
||-
16,757|-
16,757|250
32,384|
||16,757
16,511|16,757
16,511|32,634
5,040|
||246|246|27,594|
||2,320|2,320|30,010|
||2,320
-|2,320
-|24,332
5,678|
||2,320|2,320|30,010|
The financial statements were approved by the Board of Trustees and authorised for issue on…....................... and were signed on its behalf by: `31/05/2023`
.............................................
Simon Michael Kilpatrick Trustee (Director)
Page 6
## **The School For Pop Ups CIO**
## **Notes to the Financial Statements for the year ended 31 July 2022**
## 1 **Basis of preparing the financial statements**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
• the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)',
- Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'
- and with the Charities Act 2011.
The charity is a Charitable Incorporated Organisation and constitutes a public benefit entity as defined by FRS 102.
## 2 **Accounting Policies**
## **Income**
Income is included in the Statement of Financial Activities (SoFA) when:
- the charity becomes entitled to the resources;
- it is more likely than not that the trustees will receive the resources;
- the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are included in the SoFA when the general income recognition criteria are met.
In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met.
## **Volunteer help**
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
## **Expenditure**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Page 7
**The School For Pop Ups CIO**
## **Notes to the Financial Statements for the year ended 31 July 2022**
## **Governance and support costs**
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Tangible fixed assets**
These are capitalised if they can be used for more than one year, and cost at least £200. They are valued at cost.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 25% Straight Line Basis
## **Taxation**
The charity registered as a charity on 26 February 2018 and since that date has been exempt from corporation tax on its charitable trading activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Cash at bank and in hand**
Cash at bank and cash 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.
## **Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Page 8
**The School For Pop Ups CIO**
## **Notes to the Financial Statements for the year ended 31 July 2022**
## **3.1 Income from charitable activities**
|Unrestricted
funds
£
Coffee Sales
29,510
Rent contributions
1,373
National Lottery grant
-
**Total income from charitable activities**
30,883
Unrestricted
funds
_Grants included in the above amounts:_
£
National Lottery grant
-
**Total grants for charitable activities**
-
**4.1**
**Charitable activities - expenditure**
Unrestricted
funds
£
Advertising & Marketing
1,550
Cafe Supplies and Ingredients
12,969
Cleaning
172
Coaching and Mentoring fees
150
Consulting
-
Depreciation charge
691
Events and Meeting Costs
-
General Expenses
11
Insurance
96
IT Software and Consumables
234
Public Events & Workshops
158
Rent
14,711
Rates
4,802
Repairs & Maintenance
750
Salaries - Gross pay
7,500
Subcontractors
7,073
Audit & Accountancy fees
948
Independent examiners fees
480
Penalties
600
Total expenditure on charitable activities
52,895
Charitable activity|Restricted
funds
£
-
-
(3,695)
(3,695)
Restricted
funds
£
(3,695)
(3,695)
Restricted
funds
£
-
-
-
-
1,453
-
388
-
-
-
142
-
-
-
-
-
-
-
-
1,983|Total
2022
£
29,510
1,373
(3,695)
27,188
Total
2022
£
(3,695)
(3,695)
Total
2022
£
1,550
12,969
172
150
1,453
691
388
11
96
234
300
14,711
4,802
750
7,500
7,073
948
480
600
54,878|Total
2021
£
6,907
-
-|
|---|---|---|---|
||||6,907|
||||Total
2021
£
-|
||||-|
||||Total
2021
£
-
3,570
-
1,631
-
-
-
7,729
-
-
-
-
-
-
1,260
-
3,120
2,080
-|
||||19,390|
Page 9
**The School For Pop Ups CIO**
## **Notes to the Financial Statements for the year ended 31 July 2022**
## **Support costs**
All support costs are allocated to the single charitable activity of the charity and are included above.
|**4.2**
**Governance costs included above**
Unrestricted
funds
£
Audit & Accountancy fees
948
Independent examiners fees
480
**Total governance costs**
1,428|Restricted
funds
£
-
-
-|Total
2022
£
948
480
1,428|Total
2021
£
3,120
2,080|
|---|---|---|---|
||||5,200|
## **4.3 Trustee remuneration**
None of the trustees were remunerated during the year or the previous year. No trustee expenses were paid during the year
## **4.5 Staff costs**
|Unrestricted
funds
£
Salaries - Gross pay
7,500
**Total staff costs**
7,500|Restricted
funds
£
-
-|Total
2022
£
7,500
7,500|Total
2021
£
1,260|
|---|---|---|---|
||||1,260|
There were no ex-gratia payments made and no redundancy payments made. There are no staff working for the charity who were paid more than £60,000.
## **4.4 Staff numbers**
|Average headcount in the year:|2022|2021|
|---|---|---|
|Charitable activities|2|1|
Page 10
**The School For Pop Ups CIO**
## **Notes to the Financial Statements for the year ended 31 July 2022**
## **5 Tangible fixed assets**
|**Cost**
At 1 August 2021
Additions
At 31 July 2022
**Depreciation**
At 1 August 2021
Charge for year
At 31 July 2022
**Net book value**
At 31 July 2022
At 31 July 2021
**6**
**Stocks**
Unrestricted
funds
£
Stocks held for charitable activities
-
**Total stocks**
-
**8**
**Creditors: amounts falling due within one year**
Unrestricted
funds
£
Accountancy fees accrual
1,200
Rent accrual
14,711
Other creditors
600
**Total creditors due within one year**
16,511|Restricted
funds
£
-
-
Restricted
funds
£
-
-
-
-|Plant &
Machinery
£
4,766
349
5,115
2,350
691
3,041
2,074
2,416
Total
2022
£
-
-
Total
2022
£
1,200
14,711
600
16,511|Totals
£
4,766
349|
|---|---|---|---|
||||5,115|
||||2,350
691|
||||3,041|
||||2,074|
||||2,416|
||||Total
2021
£
250|
||||250|
||||Total
2021
£
-
-
-|
||||-|
Page 11
## **The School For Pop Ups CIO**
## **Notes to the Financial Statements for the year ended 31 July 2022**
## **9 Charity funds - current year**
The restricted fund are grants received in the year and unspent at the end of the year.
|**Restricted funds**
**Unrestricted funds**
**Total funds**
**Charity funds - previous year**
**Unrestricted funds**
**Restricted funds**
**Total funds**|At 1 August
2021
£
5,678
24,332
30,010
At 1 August
2020
£
(2,488)
7,309
4,821|Incoming
resources
£
(3,695)
30,883
27,188
Incoming
resources
£
44,579
44,579|Resources
expended
£
1,983
52,895
54,878
Resources
expended
£
(17,759)
(1,631)
(19,390)|At 31 July
2022
£
-
2,320|
|---|---|---|---|---|
|||||2,320|
|||||At 31 July
2021
£
24,332
5,678|
|||||30,010|
## **10 Charity funds - previous year**
Page 12
**R E F E R E N C E N U M B E R 17E7476D-46BE-497A-8B6A-003A09D9A9C8**
## **S I G N A T U R E C E R T I F I C A T E**
**TRANSACTION DETAILS DOCUMENT DETAILS Reference Number Document Name 17E7476D-46BE-497A-8B6A-003A09D9A9C8 4703 Final Charity Accounts 31-Jul-22 The School For Pop Ups Cio 230530 Transaction Type Filename Signature Request 4703_final_charity_accounts_31-jul-22_the_school_for_pop_ups_cio_230530.pdf Sent At Pages 05/30/2023 12:26 +01 14 pages Executed At Content Type 05/31/2023 14:42 +01 application/pdf Identity Method File Size email 93.5 KB Distribution Method Original Checksum email 3ee9c6154fff0ee06f82712ce300ab0a8e3434ea178503db23b8d8d6dd951c7f Signed Checksum**
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