awrlty Rryistr•tion Nth 1189177 HIPPIIBONES CIO TRUSTEES REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 25 HIPPIIBONES ao CONTENTS Charity Reference and Administrative IrrfOrniat￿n TfUStees' Annual Report Independent Auditors Report Statement of finan¢tal activitles Balance sheet Statement of cash flows Notes to the Financial Ststements 9- HIPPIIBONEsao LEGALA14D ADMINISflATIVE INFORMATION m￿SNu￿ Mi55 S 8uFge%5 MrsK Mr Plark Hutss atvthited 22 Cttober 24 Youth SupptytWtyknrlnth¥ Mrsj Ilk• Ch•lmMD Moss Se¥r8esS Treasur Ms S Mr C Walt•rs Mrny Sh¢rfof thwlty Nwnb•r 1189177 Prln¢WI •dth• Mlffl C0tt4¢e B•nkvs 14at West 8ank HIPPIIBONES CIO TRusfEES' REPORT FOR THE YEAR ENDED 31 JULY 25 The trustees present their rewt and accounts forthe yearended 31 Juty 25 The accounts have been prepared in accordance with the accounting w)Ikies set out in note I to the accounts and comply wfth the trusts constitution. the Charlties Act 2011 and 'Accounting and Reporting by Charitles.. Statement of Recornmended Practice aPp1kab￿ to charftles preparing thelr accounts In accordance wlth the Flnancial Reportin8 Standard applicabte to UK and Repjblic of Ireland IFRS 1021 ￿ au•ts l•M curr•rt ltsblllt1•5 37￿05 35,887 37,505 35,867 IMom• Funds Unrestrkted fund5 Rgstritt•d funds 35,416 35,856 31 37,50S 35W7 The flnandal statements werè aP￿￿1¢d by the Board on Miss S Bur8eSS HIPPIIBONES CIO NOTE5 TO THE AccouNrs FOR THE YEAR ÉNDED 31 JULY 25 Aecountln8 polldes Charlty inlomiatlon Hippl Ibones is a Charity Incorpordted Organisation established by constEtution In Aprll 2020. Assets and reserves were transferred from Hippl Ibones C4YSN Limited which has now been dissofved 1.1 Bas1$ of Preparatlon These accounts have been prepared in accordance with FRS 102 The Ftnanclal Reportln8 Standard applicable in the UK and Republic of Ireland. I"FRS 102.1. "Accountin8 and Reportin8 by Charities. the Statement of Recommended Practice for charities applying FRS 102. the Charities Act 2011 and UK Generally At￿pted Accounting Pfactice as it applies from l January 2015. The charty is a Public Beneflt Entlty as dellned by FRS 102. The accounts have departed from the Charrties (Accounts and Reports} Re8u1at￿￿S 2Crf)8 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charitie5 appfyin8 FRS 102 rnther than the version of the Statement of Recommended Practice which is referred to in the Re8ulations Iwt which has since been withdrawn. The accounts are prepared in sterlin& whith is the functional currenry of the charbty. Monetary amounts in these financial statements a￿ founded to the nearest £1. The atcounts have been prepared on the historical c05t converrtion. The prlncSpal accountlng pollcles adopted are set out below. 1.2 Goln8 e¢Jn¢ern At the tlme of approvlng the accounts, the trustees have a reasonable expectstion that the charlty has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the 80ing concern basis olatcounting in pYep•rin8 the accounts. 1.3 Cashfic The charty has taken advantage of the Èxemption in FRSI from the requirement to produte a cash flow statement because it is a small charity 1.4 Ch•rftable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charltsble objertives unless the funds have been designated for other purposes. Restritted funds are subject to specific conditions by donors as to how they may be used. The purposes arKI use5 of the restricted funds are set out ift the notes to the accounts. HIPP!!BONES CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 25 Accountlng polldes {contlnued} 1.5 Incomlng Resources Income is recognised when the charity is le8alty entitled to it after any perfomiance conditions have been met, the amounts can be measured relMbly, and it is probable that income will be receNed. Cash donations I￿ recognised on receipt. Other donatlons are retognised once the charty has been notified of the donation. unless perfOrnian￿ conditions require deferral of the amount. Income tax recoverable in relation to donatlons ye￿1¥ed undef Gift Aid or deeds of covenant is reco8nised at the time of the donation. All Incomlng resources a￿ recognised once the charity hès entitlement to the re50urce5, it is ￿rtain that the resources will be received and the monetsry value of Incoming resources can be measured wlth sufflclent rellabllity. Income from donatlons and grants. Includlng capltal grants. 65 Induded in incomlng resources when these are recelvable, except a5 folbws: - when donors 5peclfy that donations and grants gk¥en to the charlty must be used in future accounting periods. the income 15 deferred untll those perlods: and - when donors Impose condltions whrth have to be fvlfilled before the charlty becomes entIt￿ to use suth income. the income is deferred and not included in incomin8 resources untll the pre