## ||||||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|