| eCharity's reservesasat31Dece |
mb | er2022: | |
|---|---|---|---|
| f | |||
| General Fund |
196,476 | ||
| Restricted Funds | |||
| Racing to School Education | Programme | 1,DD7,319 | |
| Racing to School —JPR virtual | reality | 8,575 | |
| Racing Together | 16,644 | ||
| Total | 1 223013 |
| General | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | |||||
| 6 | 6 | 8 | 8 | |||||
| Income | ||||||||
| Dc nations and legacies | SBB,BS7 | 389,859 | 331,120 | |||||
| Inocme from charitable scBvitias | ||||||||
| Fundraising granls and other |
464,424 | 464424 | 286.386 | |||||
| Invsstrnant income |
||||||||
| Bank interest | 2,876 | 5,749 | 8,625 | 5,282 | ||||
| Total Income | 5,898 | S57,01D | 862,988 | 822,788 | ||||
| Expenditure | ||||||||
| Expenditure on charitable |
cBvtgm: | |||||||
| Grants and educational adivilies |
12,716 | 683,628 | 696,344 | 506,900 | ||||
| Cost ofgenerating voluntary |
58,042 | 31.891 | ||||||
| conbibulions | ||||||||
| Total expenditure | 5 | 70,758 | 683,626 | 754,386 | 538,791 | |||
| Net Income /(expenditum) | (64,869) | 173,SB2 | 108,822 | 83,997 | ||||
| Net inncrna 1 (exparKllture) ~t in funds for the year |
and | nel | 13 | (64,860) | 17S,SS2 | 108,522 | 83,997 | |
| Total funds brought fcrwsnj | 13 | 261,SS5 | S59,156 | 1,120,491 | 1,036,494 | |||
| Total funds canted fonvard | 13 | 196,475 | 1,0$2,538 | 1,229,0131,120,491 |
| Year ended | Yearended | |||
|---|---|---|---|---|
| Arete | 31 December 2022 | 31 December 2021 | ||
| Fixed assets | ||||
| Tangible fixed assets | 8,397 | |||
| Current assets | ||||
| Debtors | 10 | 34,270 | 15,312 | |
| Cash and cash equivalents | 620r496 | 528.529 | ||
| Investments | 63$,506 | 834,598 | ||
| Total Current | As eels | 1,491~2 | 1,378r439 | |
| Liabtlittes | ||||
| Creditors faglng due within one year | 12 | (270,6561 | (262,582) | |
| Net current | assets | 1,220,616 | 1,115,857 | |
| Net assets | 1,229,013 | 1,120,491 | ||
| Funds | ||||
| Unrestricted | income funds | 15 | 19$r475 | 281,335 |
| Restricted income funds |
1,032,638 | 859,156 | ||
| Total charity | funds | 1,229,013 | 1,120,491 |
| The average weeldy number ofpersons (excludin during the period was 9(2021r 10), |
g Trustees) employed by the Ra |
cing to School |
|---|---|---|
| 2022 | 2021 | |
| 6 | ||
| Slslfcoals (for the above persons) | ||
| Wages and salaries | 385,349 | 320.954 |
| Social security costs 0lber pension coats |
36,184 29,677 |
27,693 24,978 |
| 451,210 | 373,625 |
| 2021 | ||||||
|---|---|---|---|---|---|---|
| Donations | end legacies: | |||||
| -HBLB | 274,994 | 257.503 | ||||
| -Donstlone | 37,324 | 26,071 | ||||
| - Voluntary | donated | income | 77,640 | 47.546 | ||
| —Legacies | 100 | |||||
| Income from | charttsble | activities | ||||
| -Fundraising | snd grants | 408,313 | 220.305 | |||
| -Government | grants | 35,852 | ||||
| -Olher incoming resources |
56,112 | 30,129 | ||||
| Investment | Income | |||||
| -Bank interest | 8,625 | 5,282 | ||||
| Total | asg,sss | 622,788 |
| Activities | Support | Tote I | Total | |||
|---|---|---|---|---|---|---|
| undertaken | Costs | 2022 | 2021 | |||
| Activity | directly | |||||
| Note 6 | Note 7 | |||||
| 8 | 2 | 5 | ||||
| Racing to | School | 466,729 | 123.070 | 599,799 | 375,767 | |
| education | programme | |||||
| Racing Together | 105,892 | 45.979 | 151,871 | 106,265 | ||
| community | engagement | |||||
| Total | 572,621 | 169,049 | 741,670 | 528,554 | ||
| Governance costs | Note 8 | 12,716 | 12,716 | 10,237 | ||
| Tots I |
572,621 | 181,765 | 754,386 | 538,791 |
| Racing | Racing to School | General | Total | Total | ||
|---|---|---|---|---|---|---|
| Together | educagan | fUnd | 2022 | 2021 | ||
| programme | ||||||
| Staff costs | 71,425 | 230,334 | 301,759 | 251,561 | ||
| Prlnlingidevel | op ment | 15,464 | f5364 | 1,022 | ||
| Vehicle costs | 22.535 | 22,535 | 22,821 | |||
| Programme | delivery | 34.467 | 133.826 | 168,293 | 68,642 | |
| costs | ||||||
| Other costs | 6.528 | 6,528 | 4,451 | |||
| Fundratstng | IPR | 58.042 | 66,042 | 31,891 | ||
| Total | 105.892 | 408,687 | 58.042 | 672,621 | 380,388 |
| Allocation | ofsupport cos | ts and overheads | |||
|---|---|---|---|---|---|
| 2022 | |||||
| Racing | Racing to | 2021 | |||
| Together | School | ||||
| Education | Total | ||||
| progra mme E |
f | ||||
| Stalfcosts | 37.603 | 76,346 | 113,949 | 100,143 | |
| Property costs | 2,851 | 5,789 | 8,640 | 7,560 | |
| IT | 442 | 898 | 1,340 | 854 | |
| Office costs | 391 | 794 | 1,185 | 1,039 | |
| Vehide coals | 3,838 | 7,790 | 11,626 | 9,106 | |
| Stalf development Travel |
607 | 1,073 1,232 |
1,073 1,839 |
269 2,309 |
|
| Promotional | material | 893 | 893 | 300 | |
| Database | 4,176 | 4,176 | 4,068 | ||
| Depreciation | 247 | 502 | 749 | ||
| Donated services |
23,577 | 23,577 | 21,525 | ||
| 45,979 | 123,070 | 169,049 | 148,166 |
| Governance costs | |||
|---|---|---|---|
| Year ended | Year ended | ||
| 31 December | 31 Deoember | ||
| Net~or@go/ng | resources fs stated ainu charging: | 2622 | 2021f |
| Auditors remuneregon: |
|||
| Statutory audit |
9,6OO | 7,260 | |
| Other fees | |||
| Legal advice and insurance | 63 | 217 | |
| Consultancy services |
2,400 | 2,400 | |
| Trustee expenses and rneegng costs | 653 | 360 | |
| 12,716 | 10,237 |
| 9 | Tangible | fixed assets | |||
|---|---|---|---|---|---|
| Computers | and | Total | |||
| other | |||||
| equipment | |||||
| 8 | |||||
| Cost | |||||
| At 1 January 2022 | 23,062 | 23,062 | |||
| Additions | 6,614 | 6,614 | |||
| Diepose le | |||||
| At31 December 2022 | 29.676 | ||||
| Depreciation | |||||
| At 1 January 2022 | 18,428 | 18,428 | |||
| Charge for the year | 2,851 | 2,651 | |||
| Dispose le | |||||
| At31 December 2022 | 21.279 | 21,279 | |||
| Net book value | |||||
| At 31December 2022 | 8,397 | 8,397 | |||
| At31 December 2021 |
| 10 | Debtors | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Trade debtors | 16,480 | 7,886 | ||
| Other debtors | 12,710 | 2,171 | ||
| Prepayments | and accrued income | 6,080 | 5,255 | |
| 34,270 | 15,312 | |||
| 11 | Investments | |||
| 2022 | 2021 | |||
| 95dsy notice | account | 451,803 | 449,695 | |
| 120day notice account | 364,903 | 364,903 | ||
| 936,50e | 834,598 |
| Creditors: amounts | falling due within | one year | |
|---|---|---|---|
| 2022 | 2021 | ||
| Other creditors | 130,855 | 116,322 | |
| Accruala and deferred | income | 140,D01 | 146,260 |
| 270,656 | 262.582 |
| Reconciliation |
ofmovem | ent in accumu |
lated fund |
s | |||
|---|---|---|---|---|---|---|---|
| Fund | Fund | ||||||
| balanoss | Gains | balance | |||||
| Fund Name | brought forward |
Incoming resources |
Outgoing resources |
Transfers | and losses |
carried forward |
|
| General Funds | |||||||
| General | 261.335 | 5,898 | (70.758) | 190475 | |||
| Restricted Funds | |||||||
| Racing to School Education | 848.407 | 686,996 | (528,084) | 1,007,319 | |||
| Programme | |||||||
| Education Programme |
VR grant | 12,248 | (3,673) | 8,5'75 | |||
| Racing Together | 10,749 | 157,766 | (151,871) | 16,644 | |||
| 1,120,491 | 862,908 | (754,386) | 1,229,013 | ||||
| 2021 | Fund | Fund | |||||
| balances | Gains | balance | |||||
| Fund Name | teaughl forwanl |
incoming | Outgoing | Transfers | and lasses |
carried lbrward |
|
| General Funds | |||||||
| General | 289,597 | 49,718 | (42,128) | (35,852) | 261,335 | ||
| Restricted Funds | |||||||
| Racing to School Education | 728,442 | 474,741 | (390,628) | 35,852 | 848r407 | ||
| Programme | |||||||
| Racing Together | 18,455 | 98,329 | (106,035) | 10,749 | |||
| 1,036,494 | 622,788 | (538,791) | 1,12at491 |
| General | Restricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 5 | ||||
| Fixed assets | 8,397 | S,387 | ||
| Cash at | bank and investrnenls | 206,076 | 1,250,927 | 1,457,002 |
| Other current assets | 34,270 | 34,270 | ||
| Cunsnt | liablliges | (9.600) | (261,056) | (270,656) |
| 196376 | 1,032,538 | 1,229,013 |
| At 31 leases |
December 2022 Racing to Sc as follows: |
hool had total | commitment |
|---|---|---|---|
| 2022 | 2021 | ||
| Motor | Motor | ||
| vehicles | Vehides | ||
| 5 | |||
| Expiring | within one year | 1S,3SS | 17,368 |
| Expiring | between cne and Sve years | 15,998 | 23,922 |
| 31,353 | 41,290 |
| Sales 8 Recharges | to | Administrative | expenses | incurred | |||
|---|---|---|---|---|---|---|---|
| from | |||||||
| 2022 | 2021 | 2022 | 2021 | ||||
| British | Horseracing | Authority | 11.040 | 505,818 | 406,852 |
| Receivables | outstanding | Creditors | outstanding | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||||
| British | Horseracing | Authority | 128.340 | 114,480 |