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2021-06-30-accounts

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes
INCOME FROM
Donations
and legacies		 2 7,796 7,796 22,548
Investment
income		 44,721 8 227 52,948 62,090
Total 52,517 8,227 60„744 84,638
EXPENDITURE ON
Raising funds
Investment
management		 costs 7,786 2,854 10840 10019
7,786 2,854 10,640 10,019
Charitable
activities
Equine Vet Studies Award
Grant making		 26,655 3,218
400		 3,218
27,055		 2,689
75,435
Total 34,441 6,472 40,913 88,143
Net gains/(losses)
on		 investments 176,667 72,731 249,398 ~108,899)
NET INCOME/(EXPENDITURE) AND NET 194,743 74,486 269,229 (112,404)
MOVEMENT
IN FUNDS
RECONCILIATION
OF FUNDS
Total funds brought forward 1,516,602 357,057 1,873,659 1,986,063
TOTAL FUNDS CARRIED FORWARD 1,711,345 431,543 2,142,888 1,873,559

2021 2020
Notes
FIXEDASSETS
Investments 10 2,088,748 1,819,575
CURRENT ASSETS
Debtors 551 1,264
Cash at bank 60,690 59,024
61„241 60,288
CREDITORS
Amounts
falling due within one year		 12 (7,101) (6,204)
NET CURRENT ASSETS 54 140 54,084
TOTAL ASSETS LESSCURRENT
LIABILITIES 2,142,888 1,873,659
NET ASSETS 2,142,888 1,873,659
FUNDS 14
Unrestricted
funds		 1,711,345 1,516,602
Restricted
funds		 431,543 357,057
TOTAL FUNDS 2,142,888 1,873,659

DONATIO NS
AND LEGACIES
2021 2020
Anvil Collections 885 2,882
Donations 6,265 18,028
Gift aid 646 1,638
7,796 22,548
INVESTMENT INCOME
2021 2020
E
Dividends and fixed interest 52,948 62,090
INVESTMENT MANAGEMENT COSTS
2021 2020
Portfolio management 10,640 10,010
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
Direct (see note costs (see
Costs 6) note 7) Totals
F
Equine Vet Studies Award 3,218 3,218
Grant making 16,230 10,825 27 055
3,218 16,230 10,525 30,273

2021 2020
E F
Grant making 16,230 65,677
Donations were made to the following:
2021 2020
f F
Farriery Examinations Ltd (formerly Farriery Education & Training 50,000
Ltd)
St Martin in the Fields High School for Girls 8,100 1,500
First Aid Nursing Yeomanry (PRVC) 1,300
Drapers' Company —Livery Kitchen Initiative 1,000
Other institutions (&F1,000) 4,930 5,780
15,330 57,280
Payments to needy farriers 500 8,347
Donations to individuals 400 50
f16,230 F65,677

SUPPORT C OSTS
Governance
Management costs Totals
F E
Grant making 7,065 3,760 10,825
Support costs, included in the above, are as follows:
2021 2020
Total
Grant making activities
F
Clerk's salary 6,399 5,969
Bank charges 100 127
Insurance 566
Accountancy and legal fees 1,750 1,700
Independent Examination 2,010 1,962
10„825 9,758

There were
no tru
30th June 2020.		 stees'
expenses
paid
for the year ende		 stees'
expenses
paid
for the year ende		 stees'
expenses
paid
for the year ende		 d
30th June 2		 021 nor for th e year ended
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 2020
Unrestricted Restricted Total
Unrestricted Restricted Total
funds funds funds
E F F
INCOME FROM
Donations
and legacies		 22,548 22,548
Investment
income		 53,391 8,699 62,090
Total 75,939 8,699 84,638
EXPENDITURE ON
Raising funds
Investment
management		 costs 7447 2,572 10,019
7,447 2,572 10,019
Charitable
activities
Equine Vet Studies Award 2,689 2,689
Grant making 75,385 50 75,435
Total 82,832 5,311 88,143
Net gains/(losses) on investments ~95,419) ~13,480) ~108,899)
NET INCOME/(EXPENDITURE) (102,312) (10,092) (112,404)
RECONCILIATION OF FUNDS
Total funds brought forward 1,618,914 367,149 1,986,063
TOTAL FUNDS CARRIED FORWARD 1,516,602 357,057 1,873,659

FIXEDASSET INVESTMENTS
Listed
investments
f
MARKET VALUE
At 1st July 2020 1,819,575
Additions 476,552
Disposals (203,968)
Revaluations 249,398
Movement
in Cash		 ~252,809)
At 30th June 2021 2,088,748
NET BOOK VALUE
At 30th June 2021 2,088,748
At 30th June 2020 1,819,575

11. DEBT ORS:AMOUNTS
F		 ALLING DUE WITHIN ONE Y EAR
2021
f		 2020
Gift aid and tax recoverable 551 1,264
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
f
Other creditors 7,101 6,204
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2021 2020
Unrestricted Restricted Total Total
funds
f		 funds funds
f		 funds
f
Investments 1,710,268 378,480 2,088„748 1,819,575
Current
Current		 assets
liabilities		 7,430
~5,353)		 53,811
~748)		 61,241
(7,101)		 60,228
~6,204)
1711,345 ,431,543 2,142,888 1,873,659

MOVE MENT IN FUND S
Net
movement At
At 1.7.20 in funds 30.6.21
F F E
Unrestricted funds
General fund 1,516,602 194,743 1,711,345
Anvil Fund
1„516,602 194,743 1,711,345
Restricted funds
Oliver Award Fund 11,119 2,858 13,977
Desert Orchid General Fund 143,966 31,435 175,401
Desert Orchid Apprenticeship Fund 'I34,648 25,972 160,620
Desert Orchid International institute of
Farriery 67,324 14,221 81,545
357,057 74,486 431,543
TOTAL FUNDS 1,873,659 269,229 2,142,888
Net mo vement in funds ,
incl		 uded
in the ab		 ove are as follo ws:
Incoming Resources Gains and Movement
resources expended losses in funds
E E E
Unrestricted funds
General
fund
Anvil Fund		 51,511
1,006		 (33,435)
~1,006)		 176,667 194,743
52,517 (34,441) 176,667 194,743
Restricted funds
Oliver Award Fund 522 (400) 2,736 2,858
Desert Orchid General Fund 3,236 (1,199) 29,398 31,435
Desert Orchid Apprenticeship Fund 3,005 (4,331) 27,298 25,972
Desert Orchid International Institute of
Farriery 1,464 ~642) 13,299 14,221
8„227 ~6,472 72,731 74,486
TOTAL FUNDS 60,744 $40,913) 249,398 269,229

Net
movement At
At 1.7.19 in funds 30,6.20
Unrestricted funds
General
fund
Anvil Fund		 1,618,944
~30)		 (102,342)
30		 1,516,602
Restricted funds 1,618„914 (102,312) 1,516,602
Oliver Award Fund 13,096 (1,977) 11,119
Desert Orchid General Fund 146,190 (2,224) 143,966
Desert Orchid Apprenticeship Fund 139,507 (4„859) 134,648
Desert Orchid International Institute of
Farriery 68,356 (1,032) 67,324
367,149 ~10,092) 357,057
TOTAL FUNDS 1,986,063 ~112404) 1873,659
Net movement in funds ,
incl		 uded
in the ab		 ove are as follo ws:
Incoming Resources Gains and Movement
resources expended losses in funds
F F
Unrestricted funds
General
fund
Anvil Fund		 73,057
2,882		 (79,980)
~2,852)		 (95,419) (102,342)
30
Restricted funds 75,939 (82,832) (95,419) (102,312)
Oliver Award
Desert Orchid
Desert Orchid
Desert Orchid		 Fund
General
Fund
Apprenticeship
International		 Fund
Institute of		 365
3,417
3,334		 (50)
(1,054)
(3,718)		 (2,292)
(4,587)
(4,475)		 (1,977)
(2,224)
(4,859)
Farriery 1,583 ~489) ~2,126) ~1,032)
8,699 ~5,311) $13,480) ~10,092)
TOTAL FUNDS 84,638 f88,143) )108,899) )112,404)

COMPA RATIVE
ANALYSIS		 OF NET ASSETS BETWEE N FUNDS
2020
Unrestricted Restricted Total
funds funds funds
E F E
Investments 1,511,077 308,498 1,819,575
Current
Current		 assets
liabilities		 11,086
(5,561)		 49,202
~643)		 60,288
~6,204j
1,516,602 357,057 1,573,659
2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
F F
INCOME AND ENDOWMENTS
Donations
and legacies
Anvil Collections 885 885 2,882
Donations 6,265 6,265 18,028
Gift aid 646 646 1,638
7,796 7„796 22,548
Investment
income
Dividends
and fixed interest		 44,721 8,227 52,948 62,090
Total incoming
resources		 52,517 8,227 60„744 84,638
EXPENDITURE
Investment
management		 costs
Porffolio management 7,786 2,854 10,640 10,019
Charitable
activities
EVSA 3,218 3,218 2,689
Grants to institutions 15,330 15,330 57,280
Grants to individuals 500 400 900 8,397
15,830 3,618 19,448 63,366
Support costs
Management
Management 6,399 6,399 5,969
Insurance 566 566
Bank charges 100 100 127
7,065 7,065 6,096
Governance costs
Accountancy
and legal fees		 1,750 1,750 1,700
Independent
Examination		 2,010 2,010 1,962
3,760 3,760 3,662
Total resources expended 34,441 6,472 40,913 88,143
Net income before gains and losses 18,076 1,755 19,831 (3,505)
Gains and losses
Carried forward 18,076 1,755 19,831 (3,505)

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Gains and losses F F E
Brought forward
Unrealised
gains/(losses)
investments		 on fixed asset 18,076
183,102		 1,755
72,912		 19,831
256,014		 (3,505)
(69,807)
Realised (losses) on fixed asset investments
J6,435) ~191) J6,616) ~39,092)
Net income/(expenditure) 194,743 74,486 269,229 (112,404)