REPORT AND ACCOUNTS
The Laminitis Trust
31 MARCH 2024
The Laminitis Trust
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
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
TRUSTEES REPORT
The trustees present their report and financial statements for the year ended 31 March 2024 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
Data collection continues in preparation for further publications.
FINANCIAL REVIEW
Total receipts during the year were £28,996
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 £26,596.
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.
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The Laminitis Trust
TRUSTEES REPORT – continued
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 30 September 2024 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 to the trustees on my examination of the accounts of the above charity (“The Trust”) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts.in accordance with the requirements of the Charities Act 2011 (“the Act”)
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which 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
30 September 2024
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The Laminitis Trust
INCOME AND EXPENDITURE ACCOUNT
for the year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| RECEIPTS | ||
| Donations | 716 | 536 |
| Feed approval mark receipts | 25,678 | 29,211 |
| Bank interest | 2,602 | 426 |
| ______ | ______ | |
| TOTAL RECEIPTS | 28,996 | 30,173 |
| ______ | ______ | |
| PAYMENTS | ||
| Charitable Payments | ||
| Grants paid | - | - |
| ______ | ______ | |
| Management and Administration | ||
| Rates | 2,082 | 1,976 |
| Independent Examiner’s fees | 35 | 35 |
| Website costs | 283 | 283 |
| ______ | ______ | |
| 2,400 | 2,294 | |
| ______ | ______ | |
| TOTAL PAYMENTS | 2,400 | 2,294 |
| ______ | ______ | |
| NET INCOME/ (OUTGOINGS) FOR THE YEAR | 26,596 | 27,879 |
| BANK BALANCES AT 31 MARCH 2023 | 246,629 | 218,750 |
| ______ | ______ | |
| BANK BALANCES AT 31 MARCH 2024 | 273,225 ______ |
246,629 ______ |
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The Laminitis Trust
STATEMENT OF ASSETS AND LIABILITIES
at 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| MONETARY ASSETS | ||
| Bank current account | 54,482 | 30,488 |
| Bank deposit accounts | 218,743 | 216,141 |
| ______ | ______ | |
| TOTAL CASH | 273,225 ______ |
246,629 ______ |
The financial statements on pages 6 to 7 were approved by the Trustees on 30 September 2024 and were signed on their behalf by:
S. R. THOMAS
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