## ||||||Page| |---|---|---|---|---|---| |Reference and administrative||information|||| |Report ofthe Board|||||2-9| |Independent
auditor's|report||||10-12| |Statement
offinanmal|activities|(including|income and expenditure|account)|13| |Balance sheet|||||14| |Statement ofcash flows|||||15| |Notes to the financial|statements||||16-25| ## ## |Charity
name|Charity
name|||The Fortune Centre of Riding Therapy||||| |---|---|---|---|---|---|---|---|---| |Registered|Charity||number|1045352||||| |Company|number|||3031713(incorporated
in England
and Wales)||||| |Constitution||||The Fortune
Centre
of Riding
Therapy|(the|Charity)
is|governed|by| |||||Articles ofAssociation,
was incorporated|on 10th March 1995and|||was| |||||registered
under
the
Charities
Act 1960, and
operates|||under|the| |||||Charities Act 2011 and under the Companies||Act 2006||| |Registered|office|||Avon Tyrrell, Bransgore,
Chnstchurch,
Dorset,||BH23 8EE||| |Contact details||||Miss Jane Delves, The Director||||| |Telephone||||01425673297||||| |Trustees and||Directors||The Lord Manners
(Chairman)||||| |||||Mrs Virginia
Newsom,
MA (Oxon) ACA||||| |||||Andrew JThomson
Esq BSC MA (to 11th|February 2020)|||| |||||Mrs Alison F Moore-Gwyn,
LVO MA (Cantab)||||| |||||Lady Moira Swayne||||| |||||Charles Foster Esq, B Eng Hone||||| |||||Dr Kate Trevelyan
Thomas,
MA (Cantab)|MB|BSC(Hone)|MRCGP|| |||||Mrs Louise Adams
BA(Ed)Hone (from 3rd|February 2020)|||| |Key management|||personnel|||||| |The Director (Chief Executive Officer)||||Miss Jane Delves, BEd BHSAi||||| |Assistant|Director|||Miss Tracy Harper,
BHons Degree DTLLS||||| |Head of Finance
Secrelary|||and Company|Mrs Sarah Hough,
FCCA, FCA, Dip ChAc|(to|25th May 2020)||| |||||Mr Matthew
Lewer (from 21st September|2021)|||| |Principal
Banker||||Lloyds Bank pic||||| |||||4 Casae Street, Christchurch,
Dorset, BH23 t||DU||| |independent||auditor||BDO LLP||||| |||||Arcadia House,
Maritime
Walk, Southampton,||SO14 3TL||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||unrestricted|Designated|Designated|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---| ||||funds|furl|de|funds|funds|funds| ||||||||2020|2010| |||Notes|||||6|2| |Income from||||||||| |Donations,
legacies and|grants||22,806|||13,216|36,022|57,644| |Charitable
activities||||||||| |Equine assisted therapy|||2,280,386||||2 280,386|2,685,414| |Other trading activities:||||||||| |Fundraising
events and activities|||3,702||||3,702|10,483| |Hire offaalities|||4,966||||4,966|15,671| |Investment
income|||176||||176|7,966| |Total income|||2,312,036|||13,216|2,325,252|2,777,178| |Expenditure
on||||||||| |Charitable
activities||3|2,321,851|||6,200|2,328,051|2,708,659| |Raising funds
and pubhcity|||14,253||||14,253|36,775| |Investment
management|costs|||||||1,450| |Total expenditure|||2,336,104|||6,200|2,342.304|2,746,884| |Net (expenditure)/income|before|||||||| |gains and losses on||||||||| |investments||6|(24,068)|||7,016|(17,052)|30294| |Net gains on disposal of||||||||| |investments||||||||2,007| |Net (expenditure)/income|for|||||||| |the year and movement|in funds||(24,068)|||7,016|(17,052)|32,301| |Reconciliation
offunds||||||||| |Funds brought
forward|||2,250,473|7,296||13,535|2,271,304|2,239,003| |Funds carded forward||15|2,226,405|7,296||20,551|2,254,252|2,271,304| ## |||||2020|||2019| |---|---|---|---|---|---|---|---| ||||Notes|t|t|r.|6| |Fixed assets|||||||| |Tangible assets|||10||1,689,217||1,805,853| |Investments|||11||||| ||||||1,689,217||1,805,853| |Current assets|||||||| |Stock||||2,190||2,190|| |Debtors|||12|87,980||81,770|| |Cash at bank|and|in hand||753,750||708,588|| |||||843,920||792,548|| |Liabilities|||||||| |Creditors
amounts||falhng due|||||| |within one year|||13|(278,885)||(327,097)|| |Net current|assets||||565,035||465,451| |Net assets|||||2,254,252||2,271,304| |Funds|||15||||| |Unrestricted|funds||||||| |General|||||2,226,405||2,250,473| |Designated|||||7,296||7,296| |Total unrestncted||funds|||2,233,701||2,257,769| |Restricted income||funds|||20,551||13,535| |Total funds|||||2,254,252||2,271,304| ## ||||||2020|2019| |---|---|---|---|---|---|---| |||||Notes|f|f| |Cash flow from operating|activities|||20|47,155|210,007| |Cash flow from investing|activities|||||| |Payments
to acquire tangible
fixed assets|||||(2,169)|(46,909)| |Payments
to acquire investments||||||(25,075)| |Receipts from sales ofinvestments||||||299,331| |Investment
income|||||176|7,966| |Net cash flow (used in)/generated||by investing|activities||(1,993)|235,313| |Net increase
in cash and|cash equivalents||||45,162|445,320| |Cash and cash equivalents|at 1 September||||708,588|263,268| |Cash and cash equivalents|at 31 August||||753,750|708,588| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||The only items subject|The only items subject|The only items subject|to ju|dgements
|dgements
|and estimate|s
are donated|goods and dep|reciation|| |---|---|---|---|---|---|---|---|---|---|---|---| |2|Incoming resources|||from|charitable||activities||||| |||||||||||2020|2019| |||||||||||f|f| ||Equine Facilitated||Education|||and Therapy|||||| ||FETH Course|and Associates||||||||2,210,353|2,662,955| ||Other fees and income|||||||||70,033|22,459| |||||||||||2,280,386|2,685,414| |3|Expenditure|on charitable|||activities||||||| |||||||||2020|2020|2020|2019| |||||||||Unrestricted|Restricted|Tote I|Tots I| |||||||||f|f.|f|f| ||FETH Course|and|other activities||||||||| ||Direct costs|||||||2,271,828|6,200|2,278,028|2,655,095| ||Support costs|(note 4)||||||50,023||50,023|53,564| |||||||||2,321,851|6,200|2,328,051|2,708,659| ## |4|Support|costs|costs||||| |---|---|---|---|---|---|---|---| |||||Charitable|Governance||| |||||acuvlties|costS|2020|2019| |||||f||E|E| ||Staff costs||||17,749|17,749|18,326| ||Bank charges|||1,111||1,111|1,115| ||Telephone|||17,051||17,051|16,249| ||Pnnttng,|postage and stationery||13,778||13,778|16,705| ||Trustees'|expenses||||334|1,169| |||||31,940|18,083|50,023|53,564| ||2019Split||||||| ||Charitable||actiinties||||34,069| ||Governance||costs||||19,495| ||||||||53,564| ## |Governance
costs|||||| |---|---|---|---|---|---| |||Charitable|Governance||| |||activities|CostS|2020|2019| |||f|f|E|E| |Support costs (see|note 4)||18,083|18,083|19,495| |Audit fees|||7,389|7,389|7,274| |Other professional|fees|1,426||1,426|19,405| |||1,426|25,472|26,898|46, 174| ## |6|Net (ex|pend|iture)/inc|om|e
for the year||| |---|---|---|---|---|---|---|---| |||||||2020|2019| ||This is stated after charging.|||||E|E| ||Depreciation||of fixed|assets||118,805|139,368| ||Auditors'|remuneration|||—audit|7,389|7,274| |7|Information||regarding||employees||| |||||||2020|2019| |||||||E|f| ||Wages|and|salaries|||1,556,942|1,847,777| ||Employer's||national
insurance|||105,071|129,465| ||Defined|contribution||pension scheme costs||40,816|49,314| |||||||1,702,829|2,026,556| ## ## ## ## |||2020|2019| |---|---|---|---| |||E|E| |At 1 September 2019|||272,249| |Acquisitions
at cost|||25,075| |Disposal proceeds|||(299,331)| |Gains on revaluation|and disposals||2,007| |At 31 August 2020|||| ## ## |||2020|2019| |---|---|---|---| |||E|E| |Trade debtors||53.362|34,995| |Prepayments|and accrued income|34,618|46,775| |||87,980|81,770| ## |Creditors|: amounts
f|alling due within one year||| |---|---|---|---|---| ||||2020|2019| ||||E|E.| |Trade creditors|||21,106|30,166| |Taxes and somal secunty costs|||27,478|33.131| |Accruals|and deferred|income|230,301|263,800| ||||278,885|327,097| ## ## ## |As at 31 August
2020 the chanty
had
annual
commitm
follows'|ents
under
non-cancellable
operating|leases as| |---|---|---| ||2020|2019| ||Office|ONice| ||equipment|equipment| ||2|E| |Faging due within one year|6,085|6,085| |Falling due in two to five years|16,360|18,256| |Over five years||4,189| ## |Funds||At|Income|Expenditure||At| |---|---|---|---|---|---|---| |||1 September|||31August|| |||2019||||2020| |Unrestricted
funds||||||| |General fund||2,250,473|2,312,036|(2,336,104)|2,226,405|| |Designated
funds:||||||| |Promobonal|DVD|||||| |and Marketing||7,296||||7,296| |General and
designated
funds||2,257,769|2,312,036|(2,336,104)|2|233,701| |||2,257,769|2,312,036|(2,336,104)|2,233,701|| |Restricted funds||||||| |McNaught
Roof||6,000||||6,000| |IT facilities||1,376||(984)||392| |Weekly Riding
Therapy||3,470|3,558|(3,936)||3,092| |Other||2,689|9,658|(1,280)||11,067| |||13,535|13,216|(6,200)||20,551| |TOTAL FUNDS||2,271,304|2,325,252|(2,342,304)|2,254,252|| ## ## |15|Funds||||At|Income|Expenditure|Transfers|Net|At| |---|---|---|---|---|---|---|---|---|---|---| |||||1 September||||between|investment|31August| ||||||2010|||funds|gains|2010| ||Unrestricted
funds|||||||||| ||General fund|||2,105,799||2,764,892|(2,735,511)|115,293||2,250,473| ||Designated|funds.||||||||| ||Promotional||DVD|||||||| ||and Marketing||||7,920||(624)|||7,296| ||designated|funds||2,113,719||2,764,892|(2,736,135)|1'I5,293||2,257,769| ||Investment|||||||||| ||revaluation|reserve|||69,401|||(71,408)|2,007|| |||||2,183,120||2,764,892|(2,736,135)|43,885|2,007|2,257,769| ||RestricIed|funds||||||||| ||McNaught|Roof|||6,000|||||6,000| ||IT fatxkties||||44,086||(2,739)|(39,971)||1,376| ||Weekly Riding|||||||||| ||Therapy||||2,750|6,448|(2,714)|(3,014)||3,470| ||Other||||3,047|5,838|(5,296)|(900)||2,689| ||||||55,883|12,286|(10,749)|(43,885)||13,535| ||TOTAL FUNDS|||2,239,003||2,777,178|(2,746,884)||2,007|2,271,304| ## ||Unrestricted|Designated|Restricted|Total| |---|---|---|---|---| ||funds|funds|funds|funds| |31stAugust 2020||K|E|| |Tangible fixed assets|1,689,217|||1,689,217| |Net current assets|537,188|7,296|20,551|565,035| ||2,226,405|7,296|20,551|2,254,252| |31stAugust 2019|f|E|f|E| |Tangible fixed assets|1,805,853|||1,805,853| |Net current assets|444,620|7,296|13,535|465,451| ||2,250,473|7 296|13,535|2,271,304| ## ## ## ## |The charity's|financial
instr|uments|may|be analysed|as follows||| |---|---|---|---|---|---|---|---| |||||||2020|2019| ||||||||E| |Financial|assets||||||| |Financial|assets that are measured|||at amortised|cost|807,112|743,583| |Financial|liabilities||||||| |Financial|liabilities measured||at amortised cost|||71,809|86,277| |Financial assets measured||at amortised||cost compnse cash, trade debtors and other debtors.|||| ## |Reconciliation
of ne|t (exp|endi|ture)/income
to net cash flo|w from operating
activities|| |---|---|---|---|---|---| |||||2020|2019| |||||E|E| |Net (expenditure)/income||for|the year|(17,052)|32,301| |Investment
income||||(176)|(7,966)| |Depreciation
of fixed|assets|||118,805|139,368| |(Gains) on investments|||||(2,007)| |(Profit) on disposal of fixed||assets|||| |Donated assets|||||| |Decrease
in stock|||||437| |(Increase)
in debtors||||(6,210)|(2,124)| |(Decrease)/increase|in creditors|||(48,212)|49,998| |Net cash flow from|operating||activities|47,155|210,007| ## ## ## ||||Unrestricted|Designated|Restricted|Tora I| |---|---|---|---|---|---|---| ||||funds|funds|funds|funds| |||||||2019| |Income||||||| |Donations
and grants|||45,403||12,241|57,644| |Charitable
activities||||||| |Equme assisted therapy|||2,685,414|||2,685,414| |Other trading activities:||||||| |Fundraising
events and actwities|||10,438||45|10,483| |Hire of facilities|||15,671|||15,671| |Investment
income|||7,966|||7,966| |Total income|||2,764,892||12,286|2,777,178| |Expenditure||||||| |Chantable
actwities|||2,697,910||10,749|2,708,659| |Raising funds||||||| |Fundraising
and publimty|||36,151|624||36,775| |Investment
management|costs||1,450|||1,450| |Total expenditure|||2,735,511|624|10,749|2,746,884| |Net income before gains and losses on||||||| |investments|||29,381|(624)|1,537|30,294| |Transfers
between
funds|||43,885||(43,885)|| |Net (losses) on disposal of investments|||2,007|||2,007| |Net income for the year and|movement|in||||| |funds|||75,273|(624)|(42,348)|32,301| |Reconciliation
offunds||||||| |Funds brought
forward|||2,175,200|7,920|55,S83|2,239,003| |Funds carried forward|||2,250,473|7,296|13,535|2,271,304|