Charlty Reg•stration No. 1189177 HIPPIIBONES CIO TRUSTEES REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 23 HIPP!!BONES CIO CONTENTS Page Charity Reference and Administrative Infomiation Trustees, Annual Rewrt Independent Auditors Report Statement of financial attivities Balance sheet Statement of cash flows Notes to the Financial Statements 9-13 HIPP!!BONES ao LEGALANDADMINISTRATIVE INFOAMATION Trustees Mrss Hunt Miss S Buryess Mrsj Arathoo Mrs K Ki5bee Youth Supwtworker kn (harye Mrsj Plke Chalrmln Mrs S Hunt Treasurer Mss Ntr*man Commlttee rnernber5 Mr cwa￿S Mr5 Y sherI(￿k Chadtyf4unknr 1189177 PriALipal address MitrtCI)tta8e ThÈ Street Motcornbe Shafte5bwy Dorset SP79LV Bankers Natwest Bank HIPPIIBONES CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31JULY23 The trustees present their report and accounts for the year ended 31 July 23 The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comp5y with the trusts COn￿lt￿tiOn, the Charities Act 2011 and 'Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities p￿ParIng their accounts in accoidance with the Financial Reporting Standard applicable to UK and Republic of Ireland IFRS 1021 (effective l January 20151" Structurej 8ovem•nce and management The charity was established by a constitution on 23 April 2020 The trustees who seNed during the period were= Mrss Hunt Miss S Burge55 Mrs J Ar3thoon (resigned 19th July 20231 Mrs K Kisbee lappoiftted 28th June 20231 The Trustees are also volunteers $0 are very familiar with the work of the chartty. Apart from the first charity trustees. every appointed trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustee5. None of the trustees has any teneficial interest in the charity. The charity ￿ administered by the board of trustees. Mrs J Pike. as youth support worker in charge, is ￿sponsIble for organisation of the clyb se￿10n5, outings. and other administrative work. She ieports to the Trustees at committee rneetings. The tTUStees have asse55ed major risks to which the charity s exposed. and a￿ satisfied that systems are in place to mitigate exposure to the major risks. Objectlves and a￿￿ttle9 The chartty's objects are for the public benefft to act as a ￿source for young people with disabilitie5 UP to the age of 25 living in Dorset and the surrounding areas by providing advice and assistance and organising programmes of physical. educational and other activtties as a means of advancing in life and helping young people by developin8 their skills. capacities and capabilrtie5 to enable them to participate in society as independent, mature and responsible individuab. The charity provides a targeted youth club for young people with learning difficumies, disabilities, Avt15m andlor additional needs. The club encoura8es young people to explore new activities and gain lrfe skills through a variety of arts & crafts, cookery and sporting pursuits. The trustees have paid due regard to guidance issued by the Charity Commission in decbding what activities the charity should undertake. HIPPIIBONES CIO TRUSTEES. REPORT IcoKnNUED) FOR THE YEAR ENDED 31 JULY Z3 Achievements and perfom)ance The nLbmber of members attending each session remains at around twenty. We continue to provide a wide variety of arts and crafts. cookery, sporting pursufts, air hockey and sensory activities. Sherborne town youth football club are still visiting every fourth session to provide targeted football training which is hugely popular with our members and beneficial to both organisations. Thanks to grant fundin& we were able to subsidise four offsite trips. Members participated in a fully inclusive game of ￿wIing followed by a meal, a trip to Marwell zoo, a picnic at Portland Bill followed by opportunities to paddleboard, kayak and speedboatin8 With Weymouth and Portland Adventure, plus our annual pantomime vist to Weymouth Pavilion. All of which were rare opportunttes to socialise with their peers outside school, and develop life skills as they transition to adulthood. We are supporting two former members to make the transition to young leaders. We welcomed a new trustee, following the resignation of a previous trustee and recrutted 2 additional paid level 2 sUPPOrt workers. Flnancial Review The charty receNed grants which totslled £8.0￿ The charity is ￿lIant on member's subscriptions, fundraising income and donations which totalled £7,017 The total expenditure for the period totalled £13,603 The trustees consider that the reserves should be at least one month5 wages. At the end of the year the unrestricted reserves totalled £21.744 On behalf of the board of trustees Miss S Burgess Trustee Date HIPP!!BONES CIO INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 JULY 23 We report on the accounts of the charity for the period ended 31 Juty 2022, which are set out on page5 5 to 14. Respective Responsibilities of Trustees and Auditors The chartty's trustee5 are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period under settion 144121 of the Charities Act 2011 Ithe 2011 Artl and that an independent examination is needed. It is ovr responsibilty to- lil examine the accounts under settion 145 of the 2011 Act: lill to follow the procedures laid down in the general Dirertions gwen by the Charity Commission under section 14515llbl of the 2011 Act." and liiil to state whether particular matters have come to my attent￿￿. Basis of Independent examiner's rewt Our examination was carried out in accordante with the general Directions given by the Charity Commission. An examination incl¥Jdes a review of the accounting records kept by the chartty and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matter5. The procedure5 undertaken do not provide all the evidence that would be required in an aLtdit and consequently no opinion is given as to whether the accounts present a 'true and fairVie￿ and the report is limited to those matters set out in the next statement. Independent examlner's S&itement Your attention is drawn to the tsct that the charity has prepared accounts in accordance wtth Attounting an(1 reporting by Charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities- Statement of Recommended Prartice issued on l April 2005 which is referred to in the extant regulations but has not been withdrawn. We understand that this has been done in order for the accounts to provide a t￿e and fair view in accordance with Generally Accepted Accounting Prartice effectbve for ￿pOrting periods beginning on or after l January 2015. In connertion with our examination. no other matter except that ￿ferred to in the previous paragraph has come to our attention- (al which grves us reasonable cause to believe that in any material respect the ￿qUIreMents- lil to keep accounting records in accordance with section 130 of the 2011 Act; and lill to prepare accounts which accord with the accounting records. and compty with the accounting requirements of the 2011 Art- have not been met or Ibl to which, in our opinion, attention should be drawn in orderto enable a proper understanding of thÉ account5 to be re ched. Geo ett FCCA Spartae, Tarrant Gunville. Dorset Date HIPP!!BONES CIO STATEMENT OF FINANCIAL AcnvmES IINCLUDING INCOME & EXPENDITURE AccoU￿n FOR THE YEAR ENDED 31 JULY 23 Year ended 31 Jul 23 Year ended 31 Jul 22 Unrestrfcted Restrfcted Notes Incorne Donations and grants Charitable activities Investments 9.602 2.415 86 12,602 2.415 86 11,569 886 Total Income 12.103 15,103 12,456 Ex nditure on: Charitable activities 11.636 1.967 13.603 13.976 Total expendlture 11.636 1367 13.603 13.976 Net income I lexpendfture) 1.033 1.499 (1.5211 Transfer between funds Net movement in funds 1,033 IN99 11,5211 Reconciliation of funds: Total funds brought forward Total funds carried forward 21.278 21,744 21,278 22,7TI 22.799 21,278 lJ)33 The statement of financial actNities includes all gains and losses recognised in the year. All income and expendrture derive from continuing activities. HIPPIIBONES CIO BALANCE SHEET AS AT 31 JULY 23 2023 2022 Notes Flxed Assets Equipment Less: Depreciation 5.218 2.613 5,218 1,814 3,404 Current Assets Debtors io 912 617 Cash at bank and in hand 19,725 17,786 20.638 18,404 Credltors: Amounts falling due within one year li 14651 15291 Net current assets 20.173 17,875 Totsl assets less current Ilabllltles 22.778 21,278 Net assÈts 22.778 21,278 Income Funds Unrestricted funds 21.745 21,158 Restricted funds 12 1.033 120 22.778 21,278 The financial statements were approved by the Board on Miss S Burgess Trustee HIPPIIBONES CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 23 Accounting policies Chèrlty inform*lon Hippllbones is an Charrty Incorporated Organisation established by constitution in April 2020. Assets and reserves were transferred from Hippllbones C4YSN Limited which has now been dissolved 1.1 Basls of Preparation These accounts have been prepared in accordan￿ with FRS 102 The Financial Reporting Standard applicable Én the UK and Republic of Ireland" {"FRS 102.1. "Accounting and Reporting by Charities. the Statement of Recommended Practice for charities applying FRS 102. the CharTties Act 2011 and UK Generally Accepted Accounting Practice as it applies from l January 2015. The charity is a Public Benefit Entity as defined by FRS 102. The accounts have departed from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide a true and fair View. This departure has invofved following the Statement of Recommended Practice for charities aPp￿ing FRS 102 rather than the version of the Statement of Recommended Practice which is refeffed to in the Regulations but which has since been withdrawn. The accounts are prepared in sterfin& which is the funrtional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. The accounts have been prepared on the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the accounts, the tnjstees have a reasonable expectstion that the charity has adequate reSoUr￿S to continue in operational existence for the foreseeable futu￿. Thus the trustees continue to adopt the going concern basis of accounting in prèparing the accounts. 1.3 Cashflow The tharity has taken athantage of the exemption in FRSI from the requirement to produce a cash flow statement because it is a small charity 1.4 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in fvrtherance of their charitable objertÉves unless the funds have been designated for other purposes. Restricted fun(Is are subject to specific Conditions by donors as to how they may be used. The purposes and uses of the restricted fijnds are set out in the notes to the accounts. HIPPIIBONES CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 23 Accounting policies (continued) 1.5 Intoming Resource5 Income is recognised when the charrty is legally entitled to rt after any performance conditions have been met, the amounts can be measured reliably, and tt is probable that income will be received. Cash donations are ￿Cognised on receipt. Other donations are recognised once the charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations recebved under Gift Aid or deeds of covenant is ￿¢08￿15ed at the time of the donation. All incomin8 resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be receNed and the monetsry value of incoming ￿sOUrceS can be measured with sufficient reliability. Income from donations and grants. including capital grants. ts included in incoming resources when these are receivable, except a5 follows- - when donors specify that donations and grants given to the charity must be used in future accounting periods. the income is (leferred until those periods- and - when donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income- the iftcome is deferred and not included in incoming resources until the pre-conditions for use have been met. Turnover is measured at the fair value of the consideration received or receivable and represents mounts receivable for goods and seNices provided in the nornial course of business, net of discounts. HIPP!!BONES CIO NOTES TO THE ACCOUNTS {CONTINUED} FOR THE YEAR ENDED 31 JULY 23 A¢¢ountlng policies Icontinuedl 1.6 Resources expended Liabilities are recognised as ￿SOUrCeS expended as soon as there is a legal or construttive obllgatlon tommitting the charity to the expenditure. All expenditure is accounted for on the accruals basis and includes irrecoverable VAT. Expenditure is allocated to categories either on a direct or a usage basis. Expendtture that is directly attributable to raising funds is included in the costs of generating funds. Expenditure attributable to meeting the aims and objective5, intluding the support costs, ￿ included in charitable activÉties. 1.7 Cash and cash equivalents Cash and tash equivalents include cash in hand. deposrts held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabiltties. 1.8 Tangible Fixed Assets and depreciation Fixed assets are initially recorded at Cost less any subsequent accumulated depreciation. Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic lrfe as follows- Equipment.. 15% reducing balance Computers- 25% straight line HIPP!!BONES CIO NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 JULY23 Donations and le8a¢ie5 Unrestrirted fvnds Re5trirted funds Total 2023 Total 2022 Funds: Donations Grants GillinEham Town Council Garfield Weston 2nd payment Dorset CoLtncil 4,602 4.602 6,089 480 5,000 9.602 12.602 11,569 For the year ended 31 July 22 11.089 480 11.569 Charltable activities 2023 2022 Fundraising activities 2.415 886 886 Investments 2023 Interest received 86 io HIPP!!BONES CIO NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 23 Expenditure Depre ciation Other costs Grant funding Total 2023 Total 2022 Staff costs Raising funds Charitable activities Support costs 5.794 799 7.010 13.603 13.976 6 Support Costs Staff cost5 Rent and storage Mobile Phone Postage, Photocopying and stationery IT costs Insurance Resources PR and marketing Equipment maintenance Repairs and renewals staff recruitment and other costs Sundry expenses Professional and training Safety equipment Depreciation 5,794 1,040 94 23 12 488 4,668 5,185 1,260 69 118 15 498 4,383 853 78 13 221 68 347 328 255 14 799 867 13,603 13.976 7 Tru5tee5 None of the trustees lor any persons connected with them) received any remuneration during the year and none of them were reimbursed travelling expenses12022- £nill 8 Employees Number of employees The average number of employees (luring the period was- 2023 Number 2022 Number Youth support worker in charge Youth support worker Employment costs 2023 2022 Wages and salaries 5.794 5.794 5.185 5,185 There were no employees whose annual remuneration was £60.IX)O or more12022= none). li HIPPIIBONES CIO NOTES TO THE ACCOUNTS (coMfiNUED) FOR THE YEAR ENDED 31 JULY 23 FIMed assets Equipment 2023 Cost b/f l August 22 Additions At 31 July 2023 5,218 5.218 Depreciation b/f l August 22 Charge At 31 July 2023 1,814 799 2,613 Net Book Value At 31 July 2023 At 31 July 2022 10 Debtors 2023 2022 Stock 72 59 Prepayments and accrued income 558 912 617 11 Creditors: amounts falling due within one peritxl 2023 2023 Taxes and social security costs Other creditors & accruals ioi 95 364 434 465 529 12 HIPP!!BONES CIO NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 23 12 Restricted Funds 8alance at I August 2022 Income Expenditure Transfers Balance at 31 July 2023 Grants Gillingham Town Council Dorset Council 120 11201 11,9671 1,033 7,165 12.0871 1.033 13 Analysis of net assets between funds Unrestrirted funds Restricted fvnds Total Fund balances at 31 July 23 are represented by: Current assets Creditors: amounts falling due within one year Creditors.. amounts falling due after one year 19.605 14651 1,033 20,638 14651 19,141 1,033 20,173 At 31 July 23 the amount of the Free Reserves at the charity's disposal was £21.744 12022- £21,1581- 14 Cash generated from operations 2023 2022 Surplus/ Ideficitl for the period 1,499 11.5211 Adjustments for: Depreciation in year 799 867 Movements in working ¢aprf(al Decreaselllncreasel in debtors IncreaselDecreasel in credfcors 12951 1651 82 141 1,938 1431 15 Related party transactions During the year the trustees made donations to the ¢harty totalling £Nil 12022 £331.