c￿rity Reglstratlon No. 1189177 HIPPIIBONES CIO TRUSTEES REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 24 HIPPIIBONES CIO CONTENTS Page Charity Reference and Administrattve Infomiation Trustees, Annual Report Independent Auditors Report Statement of financial actwities Balance sheet Statement of cash Ilows Notes to the Financial Ststements 9-13 HIPPIIBONES ao LEGAL AND ADMINtsTK4TIVE INFORMATTON Y¥ustee$ M¥s S Hunt Miss S Burgess Mrs K Klsboe Youth Supptyiwtyker kn tharye Mrsj Plke Ch4lrma Mrs S Hunt Tr+￿r•r Ms S Newrnan Commlttm m¢mbers Mrc Walt8$ Charltyt4umb 1189177 Prlndpal address MlntCotta8e Motcombe Shaft¥txJry SP7 9LU Bonkers Nat West Bank HIPPIIBONES CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31JULY24 The trustees present their report and accounts for the year ended 31 July 24 The account5 have been prepared in accordance wrth the accountin8 policies set out in note I to the accounts and comply with the trusts constitution. the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finantial Reporting Standard applicable to UK and Republit of Ireland IFRS 1021 leffective l January 20151" Strurturei 8o¥ernance and management The charity was estsblished by a constrtutKJn on 23 April 2020 The trustees who served during the period were: Mrs S Hunt Miss S Burgess Mrs K Kisbee The Trustees are also volunteer5 50 are very familiarwTth the work of the charity. Apart from the first charity trustees. every appointed trustee must be appointed by a re501ution passed at a properfy convened meeting of the charity trustees. None of the trustees has any beneficial interest in the charity. The charlty L8 admlntstered by the board of trustees. MTS J Pike. as youth 5UPPOrt worker in charge, Is responsible for organisation of the club sessions. outings, and other admintstrative work. She reports to the Trustee5 at tommrttee meetings. The trustees have assessed major risks to which the charity is exrM)sed. and a￿ satlsfied that systems are in place to mitigate exposure to the major risks. Qblectl¥es and actlvltle5 The charlty's obSects are for the public beriefrt to act as a resoLbrce for young people with disabilities 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 actrvities as a means of athancing in lrfe and helplng youn8 people by developing thelr skills, capacities and capabiltties to enable them to participate in society as Independent, mature and responsible individuals. The charlty provldes a targeted youth club for young people with leaming difflcultles. disabilities, Autism andlor additional needs. The club encourages youn8 people to explore new activities and gain Ilfe skil through a variety of arts & crafts, cookery and sporting pursuits. The trustees have paid due re8ard to guidance issued bythe Charity Commission in deciding what activSties the charity should undertake. HIPPIIBONES CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 24 Achlevements and perforrnan The number of members attending each session ranges between 20-25. We continue to provide a wide variety of actwities, including arts and crafts, cookery. sports, air hockey and sensory actrvrties. Sherborne town youth football club are still visitin8 every fourth session to provide targeted football trainin8 which is hugety popular with our members and beneficial to both organisation5. Once again, thanks to grnnt fundin& we were able to subsidi5e three offstte trips all of which were fulty inclusbve: Ten pin bowling at Branksome A speedboat ride around Portland harbour and crabbing Snow Whfte pantomime at Weymouth All trips are rare opportunites to socialise with their peers outside of schoollcollege. and develop lrfe skills as they transrtion to adulthood. Flnancial Revlew The charity received grants which totalled £21.460. The charity is rel￿nt on member's subscriptions, fundraising income and donations which totalled £3.594 The total expenditure for the period totalled £12,S30 The trustees consider that the reserves should be at least one months wages. At the Ènd of the year the unrestrietèd reseNes totslled £35.844 On behalf of the board of trustees Miss S Burgess Trustee HIPPIIBONES CIO INDEPENDENT EXAMINER5 REPORT FOR TH£ YEAR ENDED 31 JULY 24 We report on the accounts of the charity for the period ended 31 July 2024, which are set out on pa8e5 5 to 14. Respectlve Resp¢)nslbllltles of Trustees and Audltors The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is our responsibilty to: lil examine the accounts under section 145 of the 2011 Act: lill to follow the procedures laid down in the general Dirertions given by the Charity Commission under section 14515llbl of the 2011 Art: and Iliil to state whether particular matters have come to my attent￿n. Basis of Independent examiner'5 repi*t Our examination was carried out in accordance with the general Dirertion5 given by the Chartty Commission. An examination includes a review of the accounting records kept by the charty and a comparison of the accounts presented with those records. It also includes consideration of any unusual rtems or disclosures in the accounts, and seeking explanations from you as trustees conteming 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 accounts present a'true and fair viev/ and the report is limited to those matters set out in the next statement. Independent examlner's statement Your attention is drawn to the fact that the charity has prepared accounts in accordance with Accounting and reporting by Charitie5 P￿parIng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in prefe￿nce to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on l April 21x15 wh￿h 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 provhle a true and falr view in accordance with Generally Accepted Accounting Prartice effeLtP4e for rewrting periods beginning on or after l January 2015. In connection with our examination. no other matter eX￿pt that referred to in the previous paragraph has corne to our attention: lal which gives us reasonable cause to believe that in any mater￿1 re5pe¢t the requirements: lil to keep accounting records in accordance wtth section 130 of the 2011 Act- and {iil to prepare accounts which accord wtth the accounting records, and comply with the accounting requirements of the 2011 Act: have not been met or {bl to which, in our opinion, attention should be drawn in order to enable a proper understanding of thÉ accoun s t be reached. Geo ett FCCA Spartae, Tarrant Gunville. Dorset Date HIPP!!BONES CIO STATEMENT OF FINANCIAL AcllviTIES (INCLUDING INCOME & EXPEN0￿uRE ACCOUNT) FOR THE YEAR ENDED 31 JULY 24 Year ended Restricted 31 Jul 24 Year ended 31 Jul 23 Unrestrlcted Notes Income Donations and grants Charitable activitie5 Bank Interest 20.312 2.442 587 2,3 22,612 2,442 587 12,602 2.415 86 Total Income 23,340 25,640 15.103 endlture on: Charltable artivitie5 10,261 2,269 12,530 13,603 Total expendlture 10.261 2.269 12.530 13.603 Net Income I lexpendlture) 13.078 31 .109 IA99 Transfer between funds Net movement in funds 13,078 31 13.109 1,499 Rèconclllatlon of funds: Total funds brought forward Total funds ¢arried lo￿ard 22,777 35,855 22,777 35.886 21,278 22,777 31 The statement of financial activities includes all gains and losses recognised in the year. All income and expendrture derive from continuing artivit￿& HIPPIIBONES CIO BALANCE SHE ASAT 31 JULY 24 2024 2023 Flxed Assets Equipment Less.. Depreciation 5,218 3.353 5.218 2.613 1,865 2.606 Current Assets Debtors io 329 912 Cash at bank and In hand 34,519 19,725 34.848 20,638 Credltors: Amounts falling due wlthln one year li 18261 14651 Net current a55ets 34,022 20,173 Totsl assets less cuffent liabilities 35,887 22,778 Net assets 35,887 22,778 Income Funds Unrestricted funds 35,856 21.745 Restricted funds 12 31 1,033 35.887 22,778 The financial statements were approved by the Board on Miss S 8urges5 Trustee HIPPIIBONES CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 24 Accountlni pollcies Charity infomiatlon Hippl Ibones is a Charity Incorporated Organisation established by constitution in April 2020. Assets and reserves were transferred from Hippl Ibones C4YSN Limited which has now been dissolved 1.1 Basls of Preparatlon These accounts have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" I"FRS 102"}. "Accounting and Reporting by Charities" the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from l January 2015. The charity is a Public Benefit Entity a5 defined by FRS 102. The accounts 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 inVo￿ed following the Statement of Recommended Practice for charities apptyin8 FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has Since been with(Irawn. The accounts are prepared in 5terlin& 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 prlncipal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the accounts. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basts of accounting in preparing the accounts. 1.3 Casmlow The charty has taken advantage of the exemption in FRSI from the requirement to produce a cash flow ststement because it is a small charrty 1.4 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted fund5 are set out in the note5 to the accounts. HIPPIIBONES CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 24 Accounting policies {c¢)ntinued) 1.5 Incornln8 Resources Income is recognised when the charrty is legally entitled to it after any performance condition5 have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donation5 are reco8nised on receipt. Other donations are recognised once the charity has been notified of the donation. unless performan￿ conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of Covenant is recognlsed at the time of the donation. All incoming resources are re¢o8nised once the charity has entitlement to the resources, it is certain that the re￿urceS will be receNed and the monetary value of incoming resources can be measured with sufficient reliability. Income from donations and grants. including caprtal grants. is included in incomlng resources when these are receivable. except as follows: - when donors spetify that donations and Brants gNen to the charity must be used in future accounting periods. the income is deferred until those periods; and - when donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income; the income is deferred and not included in incomin8 resources until the pre-condFtions for use have been met. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business. net of discounts. HIPPIIBONES CIO NOTES TO THE Accourifs Ic0￿[NUED) FOR THE YEAR ENDED 31 JULY 24 Accounting pollcies Icontlnuedl 1.6 Resources expended Liabilities are reco8nised as resources expended as sC￿n as there is a legal or constructive obli8ation committing the charity to the expenditure. All expendrture is accounted for on the accruals basis and includes irrecoverable VAT. Expenditure is allocated to categories either on a direct or a usage basls. Expenditure that is dlrectly attributable to raising funds is included in the costs of generating fund5. Expenditure attribLrtable to meeting the aims and objettNes. includin8 the support costs. is included in charitable activities. 1.7 Cash and cash equl¥alents Cash and cash equivalents include cash in hand, deposits held at call wtth banks, other short-term liquid investments with original maturities of three months or le55, and bank overdrafts. Bank overdrafts are shown wFthin borrowings in current liabilit￿$. 1.8 Tanglble Flxed A55ets and deprecLillon Fixed assets are initialty recorded at cost less any subsequent accumulated depreciation. Depreciation is provided on tangible fLxed assets so as to write off the cost or valuation. less any estimated residual value, over their expected useful economic Iwfe as follows: Equipment- 15% reducing balance Computers: 25% straight line HIPPIIBONESCIO NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 JULY24 Donatlons and legacies unrestric￿ Restrfcted lunds funds Total 2024 Total 2023 Fund5: Donations Grants Garfield Weston 2nd payment Dorset Council National Lottery 1.152 1,152 4,602 5,OtKI 3,0(Xl 19160 19,160 20,312 22.612 12,602 For the year ended 31 July 24 9,602 3.000 12.602 Charltable artfvltles 2024 2023 Fundraising activities 2.442 2.442 2,415 2,41S Investments 2024 2023 Bank interest received 587 587 86 86 io HIPP!!BONES CIO NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 24 5 Expenditure Other Grant funding Total 2024 Total 2023 datlon Ralslng fvnds Charltable artlvltles Support cost5 6.784 740 12,530 13,603 6 Support costs Staff costs Rent and storage Mobile Phone Posta8e, Photocopying and stationery IT costs Insurance Resources Equipment maintenance Repair5 and renewals staff recruitment and other costs Sundry expenses Professional and training Safety equipment Depreciation 6,784 960 120 19 io 5,794 1,040 94 23 12 488 4,668 80 2,951 328 187 362 255 14 799 740 12,530 13.603 7 Trustees None of the trustees lor any persons connected with them) received any remuneratbon during the year and none of them were reimbursed travellin8 expenses12023= £nill 8 Employees Number of employee5 The average number of employees during the period was: 2024 Number 2023 Number Youth support worker in charge Youth support worker Employment costs 2024 2023 Wages and salaries 6,784 5,794 There were no employees whose annual remuneratlon was £60,(KK) or more {2023: none). li HIPPIIBONES CIO NOTES TO THE ACCOUNTS (coKfiNUED) FOR THE YEAR ENDED 31 JULY 24 Flxed assets Equlpn•nt 2024 Cost blf l August 23 Addltlons At 31 July 2024 5.218 5.218 Depred*lon blf l August 23 Char8e At 31 July 2024 2,613 740 3,353 Net Book Value At 31 July2024 At 31 July 2023 10 Debtors 2024 2023 Stock 71 72 Prepayments and accrued income 257 329 912 11 Creditors: amt)unts falllng due wlthln one peTlod 2024 2023 Taxes and social security costs Other credbtors & actruals 194 ioi 632 364 826 465 12 HIPPIIBONES CIO NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 24 12 Restricted Funds Balance at I August 2023 Income Expenditure Transfers Balance at 31 July 2024 Grants Gillingham Town Council Dorset Council 120 11201 11,9671 1,033 7.165 12,0871 1.033 13 Analysls of net assets between funds Unrestricted fund5 Restrirted funds Total Fund balances at 31 July 24 are represented by: Current assets Creditors.. amounts falling due within one year Creditors: amounts falling due after one year 33.815 18261 1,033 34,848 18261 32,990 1,033 34,022 At 31 July 24 the amount of the Free ReseNes at the charity's d￿pOsal was £35,856 12023.. £21,744). 14 Cash generated from oper*ions 2024 2023 5urplusl Ideficfcl for the period 13.109 1,499 Adjustments for: Depreciation in year 740 799 Movements in working capital Decreaselllncreasel in debtors IncreaselDecreasel in creditors 12951 1651 361 1.938 15 Related party transactlons During the year the trustees made donations to the charity totalling £Nil 12023 £nill.