REPORT AND ACCOUNTS
The Laminitis Trust
31 MIIRCH 2021
## The Laminitis Trust
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## TRUSTEES REPORT AND FINANCIAL STATEMENTS
Contents Page Trust details Trustees’ report Independent Examiner’s report Income and Expenditure account Statement of Assets and Liabilities
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## The Laminitis Trust
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Charity Number: 1049266
## **TRUSTEES**
W Bougourd P J Cripps FRCVS R A Eustace FRCVS S R Thomas FCA
## **INDEPENDENT EXAMINER**
G Lodge FCCA 21 Rhodes Close Taunton Somerset TA2 6UG
**BANKERS** Barclays Bank PLC
## **REGISTERED ADDRESS OF CHARITY**
The Laminitis Clinic Mead House Sodom Lane Dauntsey CHIPPENHAM Wiltshire SN15 4JA
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## The Laminitis Trust
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## TRUSTEES REPORT
The trustees present their report and financial statements for the year ended 31 March 2021 which comply with the current statutory requirements and the Charity’s governing document.
The Laminitis Trust is constituted by Deed of Trust dated 31 March 1995.
## **OBJECTS AND POLICY**
The object of the Charity is to fund research into the causes and mechanisms of equine laminitis. This work will hopefully result in improved animal welfare through better understanding of methods for prevention and treatment of the disease.
The charity provides a seal of approval for horse feeds which meet the criteria laid down by the scientific committee of the Trust. Animal feed companies which gain approval for specified feeds pay a registration fee to the charity for the use of the approval mark.
There were no policy changes during the year.
The trustees who served during the year are shown on page 2.
## **ACHIEVEMENTS AND PERFORMANCE**
A paper has been published;
Hay vs haylage; forage type influences the equine urinary metabonome and faecal microbiota Equine Veterinary Journal DO1: 10.1111/evj.13456
Joy Leng, Susan McNally, Gemma Walton, Jonathan Swann, Chris Proudman, Caroline Argo, Sue Emery, Roberto La Ragione, Robert Eustace (2021)
## **FINANCIAL REVIEW**
Total receipts during the year were £30,376.
There was no expenditure on direct charitable activities during the year.
The net result for the year was an excess of receipts over payments of £28,106.
## **RESERVE POLICY**
The trustees are satisfied that the level of reserves, as shown in the statement of assets and liabilities, is adequate to meet the proposed expenditure over the next financial year.
## TRUSTEES REPORT – continued
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## The Laminitis Trust
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
The trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and United Kingdom Generally Accepted Accountancy Practice.
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for the financial year which give a true and fair view of the charity’s financial activities during the year and of the financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to:
Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees on 27 September 2021 and signed on their behalf by:
R A Eustace
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## INDEPENDENT EXAMINER'S REPORT
to the Trustees of the Laminitis Trust
I report on the accounts of the Trust for the year ended 31 March 2021, which are set out on pages 6 and 7
## **Respective responsibilities of trustees and examiner**
As the charity's Trustees you are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 43(3)(a) of the 1993 Act:
- to follow the procedures laid down in the general Directions given by the Charity Commissioners under section 43(7)(b) of the 1993 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with the general Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- 1) which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with section 41 of the 1993 Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
G. Lodge Honorary Independent Examiner
21 Rhodes Close Taunton Somerset TA2 6UG
27 September 2021
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## The Laminitis Trust
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## INCOME AND EXPENDITURE ACCOUNT
for the year ended 31 March 2021
||_2021_|_2020_|
|---|---|---|
||_£_|_£_|
|**RECEIPTS**|||
|Donations|707|850|
|Feed approval mark receipts|29,575|34,873|
|Bank interest|94|314|
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|**TOTAL RECEIPTS**|30,376|36,037|
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|**PAYMENTS**|||
|**Charitable Payments**|||
|Grants paid|-|18,969|
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|**Management and Administration**|||
|Rates|1,976|1,945|
|Independent Examiner’s fees|35|35|
|Website costs|259|259|
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||2,270|2,239|
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|**TOTAL PAYMENTS**|2,270|21,208|
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|**NET INCOME/ (OUTGOINGS) FOR THE YEAR**|28,106|14,829|
|**BANK BALANCES AT 31 MARCH 2020**|161,243|146,414|
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|**BANK BALANCES AT 31 MARCH 2021**|189,349
______|161,243
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## The Laminitis Trust
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## STATEMENT OF ASSETS AND LIABILITIES
at 31 March 2021
||_2021_|_2020_|
|---|---|---|
||_£_|_£_|
|**MONETARY ASSETS**|||
|Bank current account|78,645|50,633|
|Bank deposit accounts|110,704|110,610|
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|**TOTAL CASH**|189,349
______|161,243
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The financial statements on pages 6 to 7 were approved by the Trustees on 27 September 2021 and were signed on their behalf by:
## S. R. THOMAS
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