2021-08-31-accounts

					Page
Reference and administratwe		information
Report of the Board					2-9
Independent auditor's	report				10-13
Statement of finanmal	actwities	(including	income and expenditure	account)	14
Balance sheet					15
Statement ofcash flows					16
Notes to the financial	statements				17-26

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 of Association, 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, Christchurch, Dorset,		BH23 8EE
Contact details				Miss Jane Delves, Principal
Telephone				01425673297
Trustees and Directors				The Lord Manners (Chairman)
				Mrs Virginia Newsom, MA (Oxon) ACA
				Mrs Alison F Moore-Gwyn, LVO MA (Cantab)
				Lady Moira Swayne
				Charles Foster Esq, BEng Hons
				Dr Kate Trevelyan Thomas, MA (Cantab) MB		BSC(Hons) MRCGP
				Mrs Louise Adams BA(Ed)Hons
Key management		personnel
Principal	(Chief	Executive Officer)		Miss Jane Delves, BEd BHSAI
Assistant	Principal		(Outgoing)	Miss Tracy Harper, BHons Degree DTLLS	(to	28th	Apnl	2021)
Assistant	Principal		(Incoming)	Mrs Suzanne Barnett (from 1st May 2021)
Head of Finance Secretary		and Company		Mr Matthew Lewer (from 21st September 2021)
Principal Banker				Lloyds Bank pic
				4 Castle Street, Chnstchurch, Dorset, BH23 1DU
Independent	auditor			BDO LLP
				Arcadia House, Maritime Walk, Southampton,		SO14 3TL

			Unrestricted	Dealsnated	Restricted	Total	Total
			funds	funds	funds	funds	funds
						2021	2020
		Notes				0
Income from
Donations, legacies and	grants		22,415		2,000	24,415	36,022
Charitable activities
Equine assisted therapy		2	2,577,064			2,577,064	2,280,386
Other trading activities:
Fundraising events and activities			288			288	3,702
Hire offacilities			3,682			3,682.00	4,966
Investment income			1			1.00	176
Total income			2,603,450		2,000	2,605,450	2,325,252
Expenditure on
Charitable activities		3	2,740,864			2,740,864	2,328,051
Raising funds and publicity			3,947			3,947	14,253
Investment management	costs
Total expenditure			2,744,811			2,744,811	2,342,304
Net (expenditure)/income		6	(141,361)		2,000	(139,361)	(17,052)
Reconciliation offunds
Funds brought forward			2,226,405	7,296	20,551	2,254,252	2,271,304
Funds carried forward		14	2,085,044	7,296	22,551	2,114,891	2,254,252

				2021	2020
			Notes
Fixed assets
Tangible assets			10	1,641,647	1,689,217
				1,641,647	1,689,217
Current assets
Stock				2,190	2,190
Debtors				250,749	87,980
Cash at bank	and	in hand		574,195	753,750
				827,134	843,920
Liabilities
Creditors: amounts		falling due
within one year			12	(353,890)	(278,885)
Net current assets				473,244	565,035
Net assets				2,114,891	2,254,252
Funds			14
Unrestricted	funds
General				2,085,044	2,226,405
Designated				7,296	7,296
Total unrestricted		funds		2,092,340	2,233,701
Restricted income		funds		22,551	20,551
Total funds				2,114,891	2,254,252

The Lord Manners			Date:	30th May 2022
Chairman ofthe Trustees
Virginia Newsom			Date:	30th May 2022
Trustee and Chairman	ofthe Finance &General Purposes	Committee

			2021	2020
		Notes	0	8
Cash flow from operating	activities	19	(126,390)	47,155
Cash flow from investing	activities
Payments to acquire tangible fixed assets			(53,166)	(2,169)
Investment income			1	176
Net cash flow used in investing activities			(53,165)	(1,993)
Net decrease in cash and	cash equivalents		(179,555)	45,162
Cash and cash equivalents	at 1 September		753,750	708,588
Cash and cash equivalents	at 31 August		574,195	753,750

	The only items subject to ju	The only items subject to ju	dgements	dgements	and estimate	s are donated	goods and dep	reciation.
2	Incoming resources from		charitable		activities
								2021	2020
								2	8
	Equine Facilitated Education			and Therapy
	FETH Course	and Associates						2,554,351	2,210,353
	Other fees and income							22,713	70,033
								2,577,064	2,280,386
3	Expenditure	on charitable	activities
						2021	2021	2021	2020
						Unrestricted	Restricted	Total	Total
							f	k
	FETH Course	and other activities
	Direct costs					2,687,840		2,687,840	2,278,028
	Support costs	(note 4)				53,024		53,024	50,023
						2,740,864		2,740,864	2,328,051

Support c	osts
		Charitable	Governance
		activities	costs	2021	2020
		E		E
Staff costs			20,020	20,020	17,749
Bank charges		927		927	1,111
Telephone		17,627		17,627	17,051
Printing, postage and stationery		14,450		14,450	13,778
Trustees' expenses					334
		33,004	20,020	53,024	50,023
2020 Split:
Charitable	activities				31,940
Governance	costs				18,083
					50,023

5	Governance costs
				Charitable	Governance
				activities	costs	2021 f	2020f
	Support costs (see	note	4)		20,020	20,020	18,083
	Audit fees				15,000	15,000	7,389
	Other professional	fees		3,757		3,757	1,426
				3,757	35,020	38,777	26,898
6	Net Expenditure for the year
	This is stated after	charging				2021f	2020f
	Depreciation offixed assets					100,735	118,805
	Auditors' remuneration		- audit			15,000	7,389
7	information regarding		employees
						2021f	2020f
	Wages and salaries					1,667,540	1,556,942
	Employer's national	insurance				127,668	105,071
	Defined contribution	pension scheme costs				53,826	40,816
						1,849,034	1,702,829

11	Debtors
			2021	2020
			E	E
	Trade debtors		210,273	53,362
	Prepayments	and accrued income	40,476	34,618
			250,749	87,980

12	Creditors: amounts	falling due within one year
			2021	2020
			E	E
	Trade creditors		54,066	21,106
	Taxes and social security costs		30,545	27,478
	Accruals and deferred	income	269,279	230,301
			353,890	278,885

	2021	2021	2021	2020
	Motor	Ofhce
	Vehicles	Equipment	Total	Total
	E	E		E
Falling due within one year	4,189	6,085	10,274	6,085
Falling due in two to five years	16,757	10,275	27,032	16,360
Over five years

14	Funds			At	Income	Expenditure	Transfers	Net	At
				1 September			between	investment	31 August
				2020			funds	gains	2021
	Unrestricted funds
	General fund			2,226,405	2,603,450	(2,744,811)			2,085,044
	Designated	funds:
	Promotional		DVD
	and Marketing			7,296					7,296
	designated	funds		2,233,701	2,603,450	(2,?44,811)			2,092,340
	Investment
	revaluation	reserve
				2,233,701	2,603,450	(2,744,811)			2,092,340
	Restricted	funds
	McNaught	Roof		6,000					6,000
	ITfacilities			392					392
	Weekly Riding Therapy			3,092					3,092
	Other			11,067	2,000				13,067
				20,551	2,000				22,551
	TOTAL FUNDS			2,254,252	2,605,450	(2,744,811)			2,114,891

14	Funds {continued)	Funds {continued)	At	Income	Expenditure	Transfers	Net		At
	(comparative)		1 September			between	investment	31 August
			2010			funds	movement		2020
	Unrestricted funds
	General fund		2,250,473	2,312,036	(2,336,104)			2,226,405
	Designated funds:
	Promotional	DVD
	and Marketing		7,296						7,296
	General and designated funds		2,257,769	2,312,036	(2,336,104)			2,233,701
	Investment
	revaluation reserve
			2,257,769	2,312,036	(2,336,104)			2,233,701
	Restricted funds
	McNaught Roof		6,000						6,000
	ITfacilities		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

Analysis of net assets between fu	nds
	Unrestricted	Designated	Restricted	Total
	funds	funds	funds	funds
31stAugust 2021	E	E	E	E
Tangible fixed assets	1,641,647			1,641,647
Net current assets	443,397	7,296	22,551	473,244
	2,085,044	7,296	22,551	2,114,891
31st August 2020
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

The chanty's financial	instru	me	nts	may	be an	alysed as	follows:
									Restated
								2021	2020
								8	8
Financial assets
Financial assets measured			at	amortised		cost		784,468	807,112
Financial liabilities
Financial liabilities	measured			at amortised		cost		68,075	99,860
Financial assets measured		at	amortised		cost compnse		ofcash, trade debtors and	other debtors.
Reconciliation of net	(Expenditure)/Income					to net cash flow from operating		activities
								2021	2020
									8
Net expenditure for the year								(139,361)	(17,052)
Investment income									(176)
Depreciation offixed assets								100,735	118,805
(Gains) on investments
(Profit) on disposal offixed		assets
Donated assets
Increase in stock
(Increase) in debtors								(162,769)	(6,210)
(Decrease) in creditors								75,005	(48,212)
Net cash flow (used	in)/from		operating		activities			(126,390)	47,155

20 Comparative Stateme	nt	of Financial Acti	vities
			unrestricted	Designated	Restricted	Total
			funds	funds	funds	funds
						2020
						2
Income
Oonations and grants			22,806		13,216	36,022
Charitable activities
Eqwne assisted therapy			2,280,386			2,280,386
Other trading activities:
Fundraising events and activibes			3,702			3,702
Hire of facilities			4,966			4,966
Investment income			176			176
Total income			2,312,036		13,216	2,325,252
Expenditure
Charitable actiwties			2.321,851		6,200	2.328,051
Raising funds
Fundrsising and pubbcity			14,253			14,253
Investment management		costs
Total expenditure			2,336,104		6,200	2,342,304
Net Income/(expenditure)	before gains and
losses on investments			(24,068)		7,016	(17,052)
Net movementon disposal	of	investments
Net Income/(Expenditure)	for the year and
movement in funds			(24,068)		7,016	(17,052)
Reconciliation offunds
Funds brought forward			2,250,473	7,296	13,535	2,271,304
Funds carried forward			2,226,405	7,296	20,551	2,254,252