2021-03-31-accounts

REGISTERED COMPANY NUMBER: 03128697 (England and Wales) REGISTERED CHARITY NUMBER: 1053351

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

SUE PIKE EQUINE & ANIMAL RESCUE

Clive Shedd & Co Chartered Accountants 232 Sladepool Farm Road Birmingham B14 5EE

SUE PIKE EQUINE & ANIMAL RESCUE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

		Page
Report of the Trustees	1	to	7
Independent Examiner's Report		8
Statement of Financial Activities		9
Balance Sheet		10
Notes to the Financial Statements	11	to	17
Detailed Statement of Financial Activities	18	to	19

SUE PIKE EQUINE & ANIMAL RESCUE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objects, set out in its governing document, are:

i. to relieve sickness, pain, fear and stress amongst sick, elderly, unwanted or neglected horses, ponies and other animals and to prevent ill treatment and cruelty to such animals

ii. to educate and advise the public, particularly those members of the public involved in the care of such animals, on the ways in which to care for the needs of such animals.

Page 1

SUE PIKE EQUINE & ANIMAL RESCUE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES Main activities

To keep overheads to a minimum, we have kept our staff to one full-time Yard Manager and three part-time staff. All administrative work, 'hands-on' help in the yard and all fundraising events here in the yard and away from home are wholly supported by our team of loyal volunteers who do not charge their expenses.

During the pandemic two staff had to be placed on furlough following Government recommendations. We are grateful for the help of volunteers who offered their assistance during this period.

Admissions during the year are detailed below.

April 2020

No admissions.

May 2020

6 Free Range Pullets

Purchased with a kind donation and now in full lay producing lovely brown eggs every day.

June 2020

No admissions.

July 2020

Palomino Cob Colt - Aged approx. 18 months

On admission this case was under investigation by the RSPCA and all costs incurred were funded by the Society. Intensive Veterinary and 24 hour nursing care followed but after five days he was transferred to an Equine Hospital as his condition failed to improve. There, he was diagnosed with a rare, incurable blood condition that sadly proved fatal.

6 Ex Battery Chickens and a Bantam Hen

All these recently rescued chickens had been isolated and treated for parasites prior to admission. As they were in good condition, they joined our flock once they had settled in.

August 2020

No admissions.

September 2020

AJAX 31/2 - 4 year old 15 hh Piebald Colt

Ajax was purchased privately out of pity. He was living tethered on a roundabout adjacent to busy main roads. He became the cause of concern having been left without water during the hot weather and had only minimal sour grass to graze. Ajax had been used for trotting in harness and this fact was borne out in that he was shod. Despite the Covid-19 situation, we agreed to admit Ajax as he would be funded by his new owner and we could cope with the restrictions and meet all the requirements this situation demanded. In addition, Ajax could be properly isolated and kept well away from our mares.

On admission he was the picture of neglect, lame, unkempt, dirty, underweight and with health issues that needed to be dealt with before he could be gelded. Fortunately he proved to be amenable and co-operative with no sign of aggressive or coltish behaviour. Ajax settled well, stabled, and accepted box rest. He enjoyed access to fresh water and ad lib hay, concentrate feed for the time being kept to a minimum. His deep, thick bed meant he could lie down to rest in a safe, quiet environment.

Page 2

SUE PIKE EQUINE & ANIMAL RESCUE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES

To begin with, Farrier visits were an issue. Ajax reacted very badly, kicking out behind. He needed to be sedated so that his ill-fitting, oddly sized hind shoes could be removed and the single loose front one. His badly cracked heels and swollen pasterns were the cause of his considerable discomfort and the reason for his filled legs. Daily consistent care with quiet handling to treat the wounds meant that he could eventually cope without the need for sedation. Regular farriery helped to correct his misshapen feet.

Blood tests done on admission showed inflammation of Ajax's liver. Castration had to be postponed until there was enough improvement to allow operation under general anaesthetic and that the delay would hopefully give him time to put on weight. Ajax was found to be carrying a heavy red worm burden and was wormed twice whilst in our care. He was vaccinated against 'flu and tetanus.

Two months later, Ajax was gelded and recovered well from his operation. He was allowed out to graze into a restricted area for a few hours each day instead of being walked out and grazed daily in hand. During the time with us he had become stronger, grown and gained 38 kgs in weight; he would now allow his legs and feet to be handled in the normal way. Farrier's visits were no longer a problem. We appreciated his kind nature and missed him when he left us after three months to go to a yard nearer to where his devoted owner lived so that he could be visited more often and when fully recovered continue his education.

December 2020

RUPERT and PATRICK Donkeys

Rupert 11.2 hh Brown donkey Gelding aged approx 12 yrs

Patrick 10 hh Grey and White donkey Gelding aged approx 10 yrs

Rupert and Patrick had lived for many years on a children's petting farm. When the farm closed all the animals had to be rehomed and although not local to us, we offered to help as there was a stipulation that only a small charity would be acceptable. We were approved and the donkeys were signed over. It was a risk taking on a new, unfunded case during lockdown. Financial pressure was greatly eased by the many kind donations received over the Christmas period making it possible for us to help in what turned out to be a case of need.

It was a massive change for Patrick and Rupert. The long journey was very stressful and it has taken months to get them settled and confident in being handled; we found that much needed doing in every way. There was no record of their ages, passports, microchips, vaccinations or worming. We chose Patrick and Rupert as suitable names. Neither donkey was used to wearing a head collar, being led, groomed or feet picked up. Both were happy to be approached by people visiting them, as long as they were the other side of their stable door. Both were overweight with overgrown and neglected feet; Rupert's hind feet turned up at the toes to accommodate the degree of overgrowth.

Their initial Veterinary examination was difficult as these two strong, nervous and unsettled donkeys did not appreciate close human contact. Fortunately no abnormality was detected in their eyes, heart and lungs. They were wormed and given their first anti-tetanus vaccination. We were advised to de-louse both once the ingrained, dry dirt had been brushed out of their coats. Patrick's in particular was rough and staring with patches where he'd rubbed himself bare giving him a moth-eaten appearance. Four days later both donkeys were sedated to have their feet trimmed for the first time. It was a struggle and Rupert in particular needed very heavy sedation to enable our Farrier to carry out a remedial trim paying particular attention to his overgrown and distorted hind hooves. Whilst under sedation and to lessen their stress, both had their teeth checked and rasped, they were microchipped and passported. Having been de-loused and clear of worms, the donkeys were led with difficulty to graze for a few hours in a small paddock. Patrick chewed every bit of wood he could find so electric fencing had to be erected around the perimeter to prevent him ruining the post and rail fencing. Catching them again was difficult. We found that the slightest, sudden noise upset them resulting in one or the other or both taking off. We had to organise it so that when this happened, there was nowhere for them to run except to the safety of the yard. Rupert relied heavily on Patrick to give him confidence and still does today.

Page 3

SUE PIKE EQUINE & ANIMAL RESCUE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES

At this point we contacted the Donkey Sanctuary and were very grateful to receive their help and advice on these two complicated donkeys. A special donkey feed supplement was advised which we hoped would help Patrick's wood chewing and improve the condition of his skin. With consistent quiet daily handling in a well-structured routine we began to see a slight improvement as they were becoming a little easier to manage. A month later both donkeys were sedated by our Vet for their second Farrier's visit which was another remedial trim. Again, Rupert needed very heavy sedation to help him cope and whilst under sedation both donkeys were given their second anti-tetanus vaccination.

In February, at our request we were grateful to have a visit from the Donkey Sanctuary representative for this area. At that time we had become very aware that due to Covid and lockdown, our ability to fundraise was greatly compromised and that Rupert and Patrick would need considerable ongoing care; this would be very costly in terms of repeated Vet and Farrier visits etc and this drain on our resources would affect our ability to maintain the standard of care for our permanent residents. The donkeys were not suitable candidates for re-homing privately and for them to have the safety net of the Donkey Sanctuary meant that their expensive needs could be met.

The procedure for admission to the Donkey Sanctuary began in February with instructions from the Donkey Sanctuary Veterinary Surgeons. Blood samples were taken to hopefully exclude the possibility of Cushings Syndrome and EMS (insulin resistance). Flu vaccinations were started and pictures sent of both donkeys' feet. All was well with Patrick's blood tests but Rupert's again showed a raised level of circulating fat in his blood, a dangerous situation called hyperlipaemia which can be fatal and in his case associated with stress.

This blood result had been detected on admission and it was a disappointing result. Rupert fortunately tested negative for Cushings Syndrome but had slightly raised insulin levels. A further definitive test confirmed raised insulin and with the possibility of him having suffered laminitis in the past, the Donkey Sanctuary requested and paid for X rays of all four feet which was done under sedation; fortunately no long term damage was identified but with the need to continue with remedial farriery.

In April another blood sample was taken from Rupert with yet another disappointing result that showed his blood fat levels were still raised above normal. The procedure of taking blood proved very stressful for him which didn't help the result. As another remedial trim was due for both, still under sedation, Rupert's blood sample was taken at the same time. By now, the donkeys had begun to settle down. They had become used to being groomed and led; they could be turned out in the field because they were happy to be caught. Most importantly they responded well to having their legs and feet handled and would allow their feet to be picked up without objection. They were still not happy with the Farrier as we experienced seven weeks later when their last remedial trim was due, again under sedation. Another blood sample was taken from Rupert which this time showed a slight improvement.

During May our financial position unexpectedly improved and we made the decision with the approval of the Donkey Sanctuary to keep Rupert and Patrick with us as we felt it was in their best interests. Good, steady progress had been made and they were becoming a delight to care for. With increased confidence in those handling them and in their surroundings, they had become less nervous and afraid of daily life. An important bonus was that neither Rupert or Patrick were frightened of our poultry, pigs or goats and only mildly curious about our horses and ponies so mixed grazing could be allowed. There is still work to do, mostly concerning the Farrier's visits but now eight months on they are developing into the calm and happy donkeys we had hoped for on admission; happily for us we can now afford to keep them.

January to March 2021

No admissions.

Page 4

SUE PIKE EQUINE & ANIMAL RESCUE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES

Public benefit

The 2011 Charities Act requires that charities demonstrate the public benefit of their activities. In considering their objectives and activities, the Charity Trustees complied with their duty to have due regard to the guidance on delivering public benefit published by the Charity Commission:

• By rescuing, rehabilitating and rehoming horses in Britain (direct public benefit through rehoming)

• By educating horse owners in the UK on how to better care for their horses (direct public benefit through education)

• Raising awareness of issues affecting elderly, infirm or unwanted large animals and promoting an understanding of their needs with the general public (direct public benefit through education)

ACHIEVEMENT AND PERFORMANCE

Charitable activities

SPEAR is a member of the National Equine Welfare Council and as such is part of a wider network. SPEAR operates completely independently from other animal charities or Police Force. We are however frequently asked because of our experience in nursing care, to take cases referred to us by the RSPCA, Police and other large animal charities.

Cases reported to us of cruelty and neglect involves co-operation with other animal welfare organisations. In the case of loose and straying or unaccompanied horses and ponies, if appropriate we work with the Police and City Councils and will impound animals if a problem occurs locally in the hope that the searches done produce an owner. During the civil impounding period all welfare issues are dealt with at SPEAR's expense and if an owner is not found then the animal is given charitable status to protect it for the rest of its life.

Financially and medically it is not possible to save every horse that charities throughout the country are being asked to rescue. Every horse admitted to a rescue charity will cost a minimum, depending on size, of £2,000 per annum. These costs will continue for the rest of that animal's life. The inability to provide adequately for its daily needs mean welfare issues arise. The difficult conclusion is that because there are so many horses offered to charities it is necessary to recognise the fact that some of these horses and ponies would be better off humanely put to sleep. This is a national problem and we believe that it should be brought into the public domain that this is the current situation all animal charities face. There is no improvement in sight unless unnecessary and excessive breeding of animals is stopped.

SPEAR receives daily telephone calls from horse owners seeking advice on welfare matters. These range from distressed owners unable to keep their horses because of their poor financial situation and other personal problems, to those who were experiencing great difficulty with horses and ponies suffering from health and behavioural problems. With those who want to re-home a well horse or pony privately, we are able to assist in putting them in touch with someone who has contacted us looking for a certain type of horse or pony that may be suitable.

Please visit our website at www.spearcharity.org.uk, it gives you all the latest information about open days and other fundraising events, although at present we continue to be restricted in terms of the events we can offer because of the ongoing epidemic and the ensuing lockdowns. Browsers can e-mail us through the site or at [e-mail] and we enjoy receiving ideas, comments, photos and news to include in the site to make it more current for you, our supporters.

Fundraising activities

A number of regular fundraising events are usually carried out during the year, supplemented by smaller community based events as and when opportunities arise.

Due to Covid-19 all fundraising events in the year under review were cancelled, from Open Day events at Cotswold House to Fairs and Horse Shows away from home. Sadly this situation must continue for the foreseeable future.

We continue to operate the Adoption Programme and the SPEAR 100 Club, which help to raise much needed finance.

Investment performance

Because of the uncertain nature of both charitable income and charitable expenditure no long term investments are made as all funds are held in readily accessible bank accounts.

Page 5

SUE PIKE EQUINE & ANIMAL RESCUE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE

Internal and external factors

Costs continue to rise and our incoming resources continue to be dependent upon the goodwill of the general public.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions arising. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate any significant risks.

FINANCIAL REVIEW

Financial position

The details of the financial activities are shown on the attached Statement of Financial Activities and Balance Sheet.

Income from donations and legacies increased by 62% during the period. However activities for generating funds reduced by 20% during the period, due to the curtailment of fundraising events during the ongoing pandemic. Overall total income increased by 36% in part due to the Government's Coronavirus Job Retention Scheme which provided much needed funds to keep our staff furloughed and safe during the worst of the pandemic.

The charity reduced outgoing expenditure by 2% in order to remain on a sound financial footing.

The Net Assets increased to £71,998 at the reporting date from £58,229 at the previous reporting date which, should all income cease, is anticipated to be sufficient to cover anticipated costs for the next 12 months.

Principal funding sources

Prior to the pandemic the income generated by our Fund Raising Committee and the numerous events run during the year provided the principal sources of funding. However due to the pandemic the principal funding sources for the charity are now donations from members of the public and other charitable organisations.

Reserves policy

The level of reserves is adequate to support the animals presently being cared for. The trustees consider these current levels of reserves are adequate to maintain existing facilities provided by the charity for the next 12 months. These reserves are necessary because the charity depends heavily on support from members of the public and as this is an unpredictable source of funds, reserves need to be maintained to ensure continued support for animals presently in care.

FUTURE PLANS

The charity will continue to relieve sickness, pain, fear and stress amongst sick, elderly, unwanted or neglected horses, ponies and other animals. Wherever possible it will seek to prevent ill treatment and cruelty to such animals whilst educating the general public involved in the care of such animals in ways to care for their needs.

Open Day events are seen as critical in advancing the charity's aims, however Covid-19 has seen all Open Days since 24 November 2019 cancelled and there are no plans to hold one in the foreseeable future due to the ongoing epidemic.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Charity constitution

The organisation is a charitable company limited by guarantee incorporated on 21 November 1995 and registered as a charity on 28 February 1996. The charity's governing document is its memorandum and articles of association. In the event of the charity being wound up members are required to contribute an amount not exceeding £10.

During the year under review Mrs S M Pike was managing director and no other trustees held executive office.

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SUE PIKE EQUINE & ANIMAL RESCUE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purpose of charity law. Under the requirements of the Memorandum and Articles of Association at each annual general meeting one-third of the trustees, except the managing director and any trustee holding an executive office, are subject to retirement by rotation.

No person other than a trustee retiring by rotation shall be appointed or reappointed a trustee at any general meeting unless he or she is recommended by the trustees.

Professor D C Knottenbelt is due for re-election at the forthcoming Annual General Meeting and, being eligible, offers himself for re-election.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03128697 (England and Wales)

Registered Charity number

1053351

Registered office

Cotswold House Norton Lindsey Warwickshire CV35 8JN

Trustees

Mrs S M Pike BEM Managing Director Prof D C Knottenbelt OBE BVM&S DVM&S MRCVS J T Waters BVMS MRCVS

Independent Examiner

Clive Shedd FCA Clive Shedd & Co Chartered Accountants 232 Sladepool Farm Road Birmingham B14 5EE

Solicitors

Rotherham & Co Solicitors 8 & 9 The Quadrant Coventry CV1 2EG

Other working names

The charity is also known by it's acronym, SPEAR.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 28 December 2021 and signed on its behalf by:

Mrs S M Pike BEM - Trustee

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUE PIKE EQUINE & ANIMAL RESCUE

Independent examiner's report to the trustees of Sue Pike Equine & Animal Rescue ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Clive Shedd FCA Clive Shedd & Co Chartered Accountants 232 Sladepool Farm Road Birmingham B14 5EE

28 December 2021

Page 8

SUE PIKE EQUINE & ANIMAL RESCUE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 45,894 - Activities for generating funds 4 18,966 - Investment income 5 9 - Other income 6,184 - Total 71,053 - EXPENDITURE ON Raising funds Raising donations and legacies 472 - Activities for generating funds 513 - 985 - Charitable activities Hospital running costs 53,299 - Other 3,000 - Total 57,284 - NET INCOME/(EXPENDITURE) 13,769 - RECONCILIATION OF FUNDS Total funds brought forward 58,229 - TOTAL FUNDS CARRIED FORWARD 71,998 -	2021 Total funds £ 45,894 18,966 9 6,184 71,053 472 513 985 53,299 3,000 57,284 13,769 58,229 71,998	2020 Total funds £ 28,357 23,777 18 62 52,214 248 2,544 2,792 52,017 3,380 58,189 (5,975) 64,204 58,229

The notes form part of these financial statements

Page 9

SUE PIKE EQUINE & ANIMAL RESCUE

BALANCE SHEET 31 MARCH 2021

Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 11 123 - CURRENT ASSETS Debtors: amounts falling due within one year 12 3,410 - Cash at bank 72,922 - 76,332 - CREDITORS Amounts falling due within one year 13 (4,457) - NET CURRENT ASSETS 71,875 - TOTAL ASSETS LESS CURRENT LIABILITIES 71,998 - NET ASSETS 71,998 - FUNDS 14 Unrestricted funds TOTAL FUNDS	2021 Total funds £ 123 3,410 72,922 76,332 (4,457) 71,875 71,998 71,998 71,998 71,998	2020 Total funds £ 164 1,163 62,025 63,188 (5,123) 58,065 58,229 58,229 58,229 58,229

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

• (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

• (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 28 December 2021 and were signed on its behalf by:

S M Pike BEM - Trustee

The notes form part of these financial statements

Page 10

SUE PIKE EQUINE & ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. STATUTORY INFORMATION

Sue Pike Equine & Animal Rescue is a private company, limited by guarantee, registered in England and Wales. The company's registered company number is 3128697 and it's registered office address is as follows:

Cotswold House Norton Lindsey Warwickshire CV35 8JN

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements were prepared in accordance with applicable charity law in the jurisdiction of registration. The charity's functional and presentation currency is the pound sterling, rounded to the nearest £.

Going concern

There are no material uncertainties about the charity's ability to continue as a going concern.

Significant judgements and estimates

In preparing these financial statements the charity's management make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the balance sheet date and the amounts reported in the statement of financial activities for the reporting period under review.

The nature of estimates means that the actual outcome could differ and the charity's management consider there are no estimates or assumptions that have a significant risk of causing a material adjustment to the amounts reported for assets and liabilities within the next financial year.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

• the requirements of Section 7 Statement of Cash Flows.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

continued...

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SUE PIKE EQUINE & ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

2. ACCOUNTING POLICIES - continued

Tangible fixed assets Foot nursing areas - 25% on cost Muck trailer - 25% on cost Equipment - 25% on reducing balance

Tangible fixed assets are initially recorded at cost.

Cash at bank

Due to the uncertain nature of the charity's income and expenditure no long term investments are made and all funds are held in readily accessible bank accounts.

Taxation

The charity is exempt from tax on its charitable activities.

Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the amount expected to be paid in exchange for that service.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

Basic financial assets and liabilities are initially recognised at transaction price and are subsequently measured at amortised cost.

3. DONATIONS AND LEGACIES

4.

Donations and gifts ACTIVITIES FOR GENERATING FUNDS Livery and boarding fees Open Day events, Adopters' Day and incidental trading income Adoption programme SPEAR 100 Club Quiz nights Sponsored run 2.6 Challenge Photo Competition	2021 £ 45,894 2021 £ 5,587 6,692 5,085 1,441 - - 71 90 18,966	2020 £ 28,357
		2020 £ 6,270 11,341 4,019 1,037 925 185 - -
		23,777

The Jasper of SPEAR Fund raised £8,293 (2020: £4,956) in the financial year in the form of donations (£1,768) and income from Open Days events and incidental trading activities (£6,525).

continued...

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SUE PIKE EQUINE & ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

5. INVESTMENT INCOME

6.

INVESTMENT INCOME
	2021	2020
	£	£
Deposit account interest	9	18
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
	2021	2020
	£	£
Depreciation - owned assets	41	55

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

8. STAFF COSTS

The average monthly number of employees during the year was as follows:

Direct charitable work - full time Direct charitable work - part time	2021 1 3 4	2020 1 2
		3

No employees received emoluments of more than £60,000 per annum.

9.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 24,794 3,563 Activities for generating funds 23,777 - Investment income 18 - Other income 62 - Total 48,651 3,563 EXPENDITURE ON Raising funds Raising donations and legacies 248 - Activities for generating funds 2,544 - 2,792 -	Total funds £ 28,357 23,777 18 62
	52,214 248 2,544
	2,792

continued...

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SUE PIKE EQUINE & ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted Restricted fund funds £ £ Charitable activities Hospital running costs 48,454 3,563 Other 3,380 - Total 54,626 3,563 NET INCOME/(EXPENDITURE) (5,975) - RECONCILIATION OF FUNDS Total funds brought forward 64,204 - TOTAL FUNDS CARRIED FORWARD 58,229 -	Total funds £ 52,017 3,380 58,189 (5,975) 64,204 58,229

10. INDEPENDENT EXAMINER A provision has been made for fees payable for the independent examination of £630 (2020: £630). A provision has also been made for accountancy services provided by the accountancy practice of which the independent examiner is the principal of £630 (2020: £630).

11. TANGIBLE FIXED ASSETS

Foot nursing areas £ COST At 1 April 2020 and 31 March 2021 5,483 DEPRECIATION At 1 April 2020 5,483 Charge for year - At 31 March 2021 5,483 NET BOOK VALUE At 31 March 2021 - At 31 March 2020 -	Muck trailer Equipment Totals £ £ £ 5,340 9,902 20,725 5,340 9,738 20,561 - 41 41 5,340 9,779 20,602 - 123 123 - 164 164	Muck trailer Equipment Totals £ £ £ 5,340 9,902 20,725 5,340 9,738 20,561 - 41 41 5,340 9,779 20,602 - 123 123 - 164 164
		123
		164

continued...

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SUE PIKE EQUINE & ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2021	2020
			£	£
	Trade debtors		1,765	62
	Other debtors		891	522
	Prepayments and accrued income		754	579
			3,410	1,163
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2021	2020
			£	£
	Trade creditors		544	947
	Taxation and social security		-	263
	Accruals and deferred income		3,913	3,913
			4,457	5,123
14.	MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.4.20	in funds	31.3.21
		£	£	£
	Unrestricted funds
	General fund	58,229	13,769	71,998
	TOTAL FUNDS	58,229	13,769	71,998
	Net movement in funds, included in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		£	£	£
	Unrestricted funds
	General fund	71,053	(57,284)	13,769
	TOTAL FUNDS	71,053	(57,284)	13,769
	Comparatives for movement in funds
			Net
			movement	At
		At 1.4.19	in funds	31.3.20
		£	£	£
	Unrestricted funds
	General fund	64,204	(5,975)	58,229
	TOTAL FUNDS	64,204	(5,975)	58,229

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SUE PIKE EQUINE & ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	48,651	(54,626)	(5,975)
Restricted funds
Vets With Horsepower	3,563	(3,563)	-
TOTAL FUNDS	52,214	(58,189)	(5,975)

A current year 12 months and prior year 12 months combined position is as follows:

		Net
		movement	At
	At 1.4.19	in funds	31.3.21
	£	£	£
Unrestricted funds
General fund	64,204	7,794	71,998
TOTAL FUNDS	64,204	7,794	71,998

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	119,704	(111,910)	7,794
TOTAL FUNDS	123,267	(115,473)	7,794

A major award was received from Vets with Horsepower in September 2019. Funding was provided to replace the roof of one of the stable blocks. The funding has been disclosed as Restricted Funds in these Financial Statements.

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SUE PIKE EQUINE & ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

16. VOLUNTEERS AND DONATIONS-IN-KIND

These financial statements set out the results for the period but do not reflect the support given to the charity by numerous volunteers. It is only due to the kindness of volunteers that SPEAR is able to fulfil its aims and objectives. In addition, during the year the charity occupied land and stabling attached to the home of a trustee, Mrs S M Pike, as the charity's base for its specialised hospital care service.

SPEAR also continues to be deeply grateful to all of its foster carers, for providing our rescued horses and ponies with loving, permanent homes where they can benefit from individual care and attention.

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SUE PIKE EQUINE & ANIMAL RESCUE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

	2021	2020
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations and gifts	45,894	28,357
Activities for generating funds
Livery and boarding fees	5,587	6,270
Open Day events, Adopters' Day and incidental
trading income	6,692	11,341
Adoption programme	5,085	4,019
SPEAR 100 Club	1,441	1,037
Quiz nights	-	925
Sponsored run	-	185
2.6 Challenge	71	-
Photo Competition	90	-
	18,966	23,777
Investment income
Deposit account interest	9	18
Other income
Coronavirus job retention scheme claims	6,184	62
Total incoming resources	71,053	52,214
EXPENDITURE
Raising donations and legacies
Charity collection agency fees	472	248
Activities for generating funds
Open Day events, Adopters' Day and incidental
trading income	20	1,547
Adoption programme	78	326
SPEAR 100 Club	385	325
Quiz nights	-	346
	483	2,544
Charitable activities
Cost of animal care - wages	36,362	32,759
Pensions	443	454
Yard electricity	1,059	1,169
Cost of animal care - food and supplies	3,718	3,883
Cost of animal care - veterinary fees	7,218	6,616
Cost of animal care - farrier fees	1,230	1,920
Cost of animal care - humane destruction fees	1,668	414
Stable, yard and paddock maintenance	1,024	4,747
Carried forward	52,722	51,962

This page does not form part of the statutory financial statements

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SUE PIKE EQUINE & ANIMAL RESCUE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2021
	2021	2020
	£	£
Charitable activities
Brought forward	52,722	51,962
Depreciation - equipment	41	55
	52,763	52,017
Support costs
Governance costs
Insurance	1,419	1,375
Printing, postage and stationery	8	500
Sundry expenses	118	105
Professional	1,260	1,260
Subscriptions	195	20
Bookkeeping	120	120
Computer systems and software support	446	-
	3,566	3,380
Total resources expended	57,284	58,189
Net income/(expenditure)	13,769	(5,975)

This page does not form part of the statutory financial statements

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