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|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|
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||||||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|
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|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|
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|||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|
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|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|
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|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||||
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|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|
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|||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|
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||||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|
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