Charlty re8lstratlon number 1053861 Company reglstrdtlon number 02908501 IEn8land and Wales) A.W.L.N. FOALS & HORSES SANCTUARY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
A.W.L.N. FOALS & HORSES SANCTUARY LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs L Molr Miss J Knowles Ms Susan Cocker Mrs J Walton MrsJL Townsend Mr lan Whitaker (Appointed 19 June 20241 {Appointed 22 August 20241 Charlty number 1053861 Company number 02908501 Prin¢lpal address Redshell Lane Off Haslingdon Old Road oswaldtwistle Lancashire 8B5 3RW Reglstered offlce Redshell Lane Haslingden Old Road OswaldtW15tle Lancashire United Kingdom B85 3RW Independent exarnlner Hulljady 41 Bridgeman Terrace Wigan Lancashire United Kingdom WNI ITT
A.W.L.N. FOALS & HORSES SANCTUARY CONTENTS Page Trustees, report Independent examiner's report Statement of flnanclal artfvltles Balance sheet Notes to the financlal statements 9-17
A.W.L.N. FOALS & HORSES SANCTUARY TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governin8 document, the Companies Act 2006 and 'Accounting and Reporting bv Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable In the UK and Republic of Ireland IFRS 1021" (as amended for accounting periods commenclng from l January 20161 Oblectlves and actlvliles The charity's objects are to relieve the suffering of horses, foals and ponies and in particular to provide and malntain a sanctuary for such unwanted animals and treat the sick and ill, as well as providing a good quality of life for our charges. Where appropriate, we rehome suitèble horses and ponies. There has been no change in these objects during the year. The charltable company was set up in 1994 by Olive Lomas and others with the aims of relSeving the sufferlng of foals, horses, ponies, stallions, brood mares, yearlings and other horses and live-stock of every description, which were In need of care and attention. Since then the sanctuary has continued to provide and maintain facilitles for the reception and care of unwanted equines and the treatment of sick or ill-treated equlnes. Looklns to 2025 and beyond. The trustees remain mindful of the need to generate continuous and stable sources of income, espeaally in these challen8ing economlc times. We hope to facilitate the recruitment of new trustee5 Wlth experttse In areas of fund ralsln8 and new income generation, Future plan$ Our vision is to become more tommunSty-focused by engaging with the general publlc. All of the necessary work has been done to improve the land and buildings used by the charlty, includin8 improvements to the facilities at the house/offices to make them safe and comfortable for staff and visltors. We have completed the bulldln8 of a new fleld shelter for our anlmals. The trustee5 will continue to ensure the upkeep of the charlty's land and bulldin8S. The trustees have pald due regard to guldancelssued by the Charlty Commlssion lft decidlng what activldes the charity should undertake. Slgnlfl¢ant artlvltles At present the charlty provides care for over 40 horses at Its 22-acre site in Oswaldtwistle. Many were rescued from slaughter for meat and have been with us ft)r a decade or more. They came to US Wlth severe trauma or ilkhealth, such that for them re- homing was not an option. Consequently, we have evolved a specialism in the care and welkbeing of predominantly elderly, slck, neglected, abused or vulnerable equne5, New cases are accepted on the basi5 of most dire need or danger, and are usually referred by third parties. Where possible, we seek to rtrhome younger equines lunder 20 years) who are fit enough to enjoy the role of special companion to other equines. Re-homing is subjett to a strict vetting procedure and re8ular supervision. We are prlvileged to provide a comfortable rerement for our horses in refuge, to administer, under veterinary guidance, appropriate care and medication regimes where necessary and to see our equines at peace Sn an environment where public visiting 15 encouraged while at the same time carefully managed and supervised. In the year to 31 March 2024. the sanctuary continued to work with gerenity Self-care and Well-Being a company using Horses for therapy. We are grateful ft)r the donailons they make to our charitv. We encourage volunteers of all ages and from all walks of life to join u5 ond help move the Charity forward, but we have found it difficult to recruit volunteer5 this year. Volunteers are under the supervision of Management and we are so grateful for the workthey carry out.
A.W.L.N. FOALS & HORSES SANCTUARY TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financlal revlew During the year ended 31 March 2024, the charity had a deficit of income over expenditure during the year of £59,11512023 - deficit £70,334) and total reserves of £190,46912023 - £249,584) and the trustee5 condnue to be mindful of the need to preserve cash and generate new SOUf£es of income. It is the policy of the charity that unrestricted funds which have not been de518nated for a specific use should be maintained at a level equivalent to between three and six month'5 expenditure. The trustee5 considers that reserves at this level will ensure that, in the event of a slgnificant drop in funding, they will be able to continue the charity's current activlties while consideration 15 given to ways in which additional funds may be raised. At the end of this financial year. the charity has sufficient reserves to meet this policy. The trustees have assessed the major rlsks to whSch the charity is exposed, and are satisfied that systems are In place to mitiaate exposure to the major rlsks. Structure, governance and management The company is registered as a charitable company limited by guarantee and is constltuted under a Memorandum of Association dated 15 March 1994 as amended by special resolution dated 19 October 1995. The trustees, who are also the dlrectors for the purpose of company law, and who served durln8 the year and up to the date of signature of the financial statements were.. Mrs L Molr Miss J Knowles Ms Susan Cocker Mrsj Walton Mrs JL Townsend Mr lan Whitaker (Appointed 19 June 20241 (Appointed 22 Au8USt 20241 Referral and word of mouth recrultment is preferred. We seek key skills in each trustee, so that the overall competency of the board Is Improved and malntalned. We regard the tralning of our trustees as essential, Comprehensive training Is routinely provided by Hyndburn and Ribble Valley CVS. Trustees Our constitution requires a minimum of three trustees, with one to act as Chairman. Trustees are proposed, and elected, by the membership and appointed at the annual general meeting. Currently, the trustees are actively looking for additional trustees to ensure thelr Is a good skill-set withln the board, but recruitment is proving difficult, Relatfonshlp wlth wlder networks Our equine Sanctuary is based in Oswaldtwistle, Lanca5hire, and we currently maintain grazing for a diminishing number of elderly ponies In Scotland. Our charTrty name Our operatFonal trading name is Only Foals and Horse5 Sanctuary. The organi5ation was previously known as Animal Welfare Llaison Network.
A.W.L.N. FOALS & HORSES SANCTUARY TRUSTEES, REPORT (INCLUDING DIREcfoR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Rlsk Management The trustees have a duty to Identfjfy and review the risks to whlch the charity is exposed and to 5re appropriate controls are In place to provide reasonable assurance against fraud and error, The account5 are prepared off-site by a reputable and long-established ftrm of accountants. The trustees are aware of their duty to ensure that employees who hold key management positions, Office Manager/Co- ordlnator and Animal Welfarelyard Manager, are fully competent to asse55 risks In their speclfic areas of responsibility. Four key goals for the current administratlon are.. al To develop 5UStainable funding for the future bl MinimSse rellance on legacie5 cl Raise wider awareness of the Charity and it5 aims dl Wlden our trustee and volunteer skllls base. The trustees have set up a reserve account wlth a dedlcated "emer8ency" amount enough to cover 6 mnths costs. Generatlon of alternative income Ss a top prlority. We have concentrated on ralsing awareness of our charity and Its alms, through outreach to tradIOnal medla. and wlth the selectfon and en8agement of professional partner5 In we&site developments and bidding for funds. and pro bono professional support in marketfng. The trustees, together wlth funding partners, wlll look at ways in which the charity can benefit the community and en8age with communit*orientated initiatives, in order to access new funding source5. Structure and Governance None of the trustees, nor the Chairman, receive any salary or flnancial remuneratlon for thelr woth and involvemeftt on behalf of Only Foals and Horses. Nor do they claim expenses for mileage to and from the Sanctuary. The Board audlts the comblned sklll set of Its trustee5 to achieve optlmum competency, and also to Identify skill deficlencies in relation to a speclftc goal. Where necessary, outside consultants are en8a8ed to give expert guldance. Thelr assistance is SOU8ht on a voluntary or costed basls, wherever and whenever p055ible. As an organlsation we are committed to contlnuous improvement In line wlth the standards of good governance expected by the Charity Commisslon, Chan8e5 in le8islation and regulations will be monitored, and our policies and procedures wlll be assessed and reviewed to ensure that Only Foals and Horse5 Sanctuary is operatlng withln the legal f ramework. The board as a whole has responsibility for ensurlng that policies and procedure5 are in line with leglslation and reguladons changes. Other matters One of the key assets of Only Foals and Horses Sanctuary is the inspirational story of Its founder the late Olive Lomas. She was particularly successful at attractlng le8acies and the trustees hope to continue to build on her legacy.
A.W.L.N. FOALS & HORSES SANCTUARY TRusfEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustee5' report was approved by the Board of Trustees. Mrs L Moir Trustee Miss J Knowles Trustee 27 September 2024
A.W.L.N. FOALS & HORSES SANCTUARY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF A.W.L.N. FOALS & HORSES SANCTUARY I report to the trustees on my examination of the financial statements of A.W.L.N. Foals & Horses Sanctuary Ithe charity) for the year ended 31 March 2024. Responslbllltles and basls of report As the trustees of the charity land also its directors for the purposes of company lawl you are rtsponslble for the preparation of the financial Statements In accordance with the requlrements of the Companies Act 2006 (the 2006 Actl. Having satisfied myself that the flnancial statements of the charity are not required to be audited under Part 16 of the 2c6 Act and are eligible for Independent examination, I report in respect of my examinatton of the charity's financial statements carried out under section 145 of the Charides Act 2011 Ithe 2011 Act). In carrying out my examlnafjon I have followed all the applicable Dlrections given by the Charity Commlssion under sectlon 14515llbl of the 2011 Act. Independent examlner's statement I have completed my examlnation. I confirm that no matters have come to my attention In connecuon wlth the examination 81vln8 me cause to believe that Sn any material respect., accounting records were not kept in respect of the charity as requlred by section 386 of the 2006 Act; or the financial statements do not accord with those record5,' or the flnancial statements do not comply with the accountfng requlrements of sectton 396 of the 2006 Act other than any requirement that the account5 give a true and falr view which is not a matter considered a5 part of an Independent eXamInaOn, or the flnancial statements have not been prepared in accordance wlth the methods and prlnciples of the Statement of Recommended Pracdce for accounting and reportlng by charitles applicable to charldes preparin8 thelr accounts in accordance wSth the Financial Reporttng Standard applicable In the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examinatlon to whlch attentton should be drawn in thls report In order to enable a proper understandin8 of the flnanclal statements to be reached. Clare Jady FCA Hulljady 418rldgeman Terrace Wlgan Lancashire WNI Irr Unlted Kingdom Dated.. 27 September 2024
A.W.L.N. FOALS & HORSES SANCTUARY STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlrted funds 2024 Unrestrlrted funds 2023 Notes Income from: Donations and legacies Other trading activities Investments 77,450 33,583 1,326 85,624 31,533 456 Total Income 112,359 117,613 Expendlture on: Charltable activities 171,799 187,947 Total expendlture 171,799 187,947 Net expendlture and movement In funds 159,4401 170,3341 Reeonclllatlon of funds: Fund balances at l April 2023 249,584 319,918 Fund balances at 31 March 2024 190,144 249,584 The statement of ftnancial activities includes all gains and losses rÈco8nised in the year. All irtome and expenditure derive from continuing activlttes,
A.W.L.N. FOALS & HORSES SANCTUARY BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxed assets Tangible assets 12 202,596 202,868 Current a$ts Stocks Debtors Cash at bank and in hand 13 14 300 771 154,129 300 890 213,132 155,200 137,6521 214,322 137,6061 Credltors: amounts fallln8 due wlthln one year 16 Net current assets 117,548 176,716 Total assets less current Ilabllltles 320,144 379,584 Credltors: amounts fallSng due after more than one year 17 1130,0001 1130,0001 Net assets excludlng penslon Ilablllty 190,144 249,584 Net assets 190,144 249,584 The funds of the ¢harlty Unrestricted funds 190,144 249,584 190,144 249,584 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The trustees acknowledge their responsibilities for ensuring that the charity keeps actountin8 records which comply with sectlon 386 of the Act and for preparin8 flnancial statement5 which give a true and falr view of the state of affairs of the company as at the end of the linancial year and of its incoming resources and application of resources, including its income and expenditure. for the financial year in accordance with the requirements of sections 394 and 39S and which otherwise comply with the requirements of the Companies Act 2006 relatlng to financial statements, so far as applicable to the company. The members have not requlred the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These flnanclal statements have been prepared In accordance with the provisions appllcable to companies subject to the small companies regime.
A.W.L.N. FOALS & HORSES SANCTUARY BALANCE SHEET (CONTINUED) AS AT31 MARCH 2024 The financial statements were approved by the trustees on 27 September 2024 Mrs L Moir Trustee Miss J Knowles Trustee Company reglstration number 02908501 IEngland and Wales)
A.W.L.N. FOALS & HORSES SANCTUARY NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH2024 Accountlng pollcles Charlty Informatlon A.W.L.N. Foals & Horse5 Sanctuary Is a prlvate company Ilmited by guarantee incorporated in England and Wales. The reglstered office is Redshell Lane, Haslingden Old Road, Oswaldtwistle, Lancashire, BB5 3RW, United Kingdom. 1.1 Accountlng conventton The financial statements have been prepared in accordance with the charity's Igoverning documentl, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charltfes SORP "Accountin8 and Reporting by Charities: Statement of Recommended Practice applicable to charitles preparin8 their accounts in accordance with the Financial Reporting Standard aPp1Cable in the UK and Republic of Ireland IFRS 1021" (effective l January 20191. The charity Is a Public Beneftt Entity as defined by FRS 102. The charity has taken advantage of the provlsions In the SORP for charldes not to prepare a Statement of Cash Flows. The financlal statements are prepared in sterlin8, which is the funcUonal currency of the charlty. Monetary amounts In these linancial Statements are rounded to the nearest £, The flnanclal statements have been prepared under the historlcal cost convention, Imodifled to Indude the revaluation of freehold properties and to Include Investment propertles and certain flnanclal Instruments at falr valuel. The princlpal ccoufttin8 policies adopted are set out below. 1.2 Golng con¢ern At the time of approvlng the financlal statements, the trustees have a reasonable expertation that the charlty has adequate resources to Condnue in operatlonal existence for the foreseeable future. Thus the trustees contlnue to adopt the goin8 concern basis of accountin8 in preparing the frnanclal statements. 1.3 CharStable funds Unrestricted fund5 are available for use at the discretion of the trustees in furtherance of their charitable objective5. Restricted funds are subject to specitic conditions by donors or grantors as to how they may be used. The purposes and uses of the restrlcted funds are set out In the notes to the flnanclal statements. Endowment funds are subject to speclflc conditions by donor5 that the capital must be maintained by the charity. 1.4 Income Income Is recognised when the charity Is legally entltled to it after any performance conditlons have been met, the amounts can be measured reliably, and It Is probable that income wlll be recelved. Cash donatlons are recognlsed on receipt. Other donations are recognised once the charity has been notlfied of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to dOnaOn5 received under Glft Ald or deed5 of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution. the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contlngent asset.
A.W.L.N. FOALS & HORSES SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (connued) 1.5 Expendlture All expenditure is accounted for on an accruals basi5 and ha5 been classified under headings that agBre8ate all costs related to each category of expense shown in the Statement of Financial Activities. Expendlture is recognised when the following criteria are met.. there is a present legal or constructive obllgation resulting from a past event • it is more likely than not that a transfer of benef5ts (usually a cash payment) will be required in settlement the amount of the obll8ation can be measured or esilmated rellablv. 1.6 Tanglble fixed assets Tan8lble flxed assets are inidally measured at cost and subsequently measured at cost or valuatlon, net of depreclation and any Impalrment losses, Depreclatlon Is recognlsed so as to wrlte off the cost or valuation of 855ets le55 their re51dual values over their useful lives on the following bases.. Freehold land and bulldings Leasehold improvements Plant and equipment Flxtures and fittln8S Motor vehlcles No Depreciation IO% on cost 25% on Reducin8 balance 25% on Reducin8 balance 20% on Reducing balance The galn or loss arlslng on the dlsposal of an asset is determlned as the difference between the sale proceeds and the carryin8 value of the asset. and Is recognised in the statement of financial activities. 1.7 Impalrment of Hxed assets At each reporting end date, the charlty revlews the carrylng amounts of Its tanglble assets to determlne whether there Is any indicatlon that those assets have suffered an impairment loss. If any such IndlcatTon exists, the recoverable amount of the asset is estimated In order to determine the extent of the Impairment loss lif any). 1.8 Stocks Stocks are stated at the lower of cost and estlmated sellin8 prlce le5S Costs to complete and sell, Cost comprises dlrect materlals and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling prlce less all estimated costs of completion and costs to be incurred in marketing, sellin8 and distribution. 1.9 Cash and cash equlvalents Cash and cash equlvalents include cash in hand, deposits held at call with banks, other 5hort-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowlngs in current Ilabllities. 10-
A.W.L.N. FOALS & HORSES SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accouniln8 pollcie5 (Continued) 1.10 Flnanclal Instruments The charlty has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of it5 linancial instruments. Flnancial Instruments are reco8nised In the charlty's balance sheet when the charlty becomes party to the contractual provisions of the instrument. Flnanclal assets and Ilabllltles are offset, wlth the net amounts presented In the financlal statements, when there Is a legally enforceable right to set off the recognised amounts and there is an IntenOn to settle on a net basls or to reallse the asset and settle the liabllity simultaneously. Ba51cflnanclal ossets Basic financial assets, which include debtors and cash and bank balances, are inidally measured at transactlon prlce Includlng transaction costs and are subsequently carried at amortised cost using the effecdve interest method unless the arrangement constitutes a financing transactlon, where the transaction is measured at the presert value of the future receipt5 discounted at a market rate of interest. Financial assets classiff ed as receivable thIn one year are not amortised. Baslcflnonclol Ilablllrfes Basic flnanclal Ilabllides, Includlng creditors and bank loans are inldally recognised at transaction prlce unless the arrangement constltutes a flnancing transactfon, where the debt Instrument Is measured at the presert value of the future payments dlscounted at a market rate of Interest, Flnanclal Ilabllitles classlfled as payable withln one year are not amortised. Debt Instruments are subsequently carried at amortised cost, U51ng the effective interest rate method. Trade creditors are obligatlons to pay for goods or servlces that have been acqulred In the ordlnary course of operadons from suppliers. Amounts payable are classified a5 current liabilities if payment is due wlthln one year or less. If not, they are presented as non-current Ilabilltles. Trade credStors are reco8nlsed Inltlally at transactton pd¢e and subsequently measured at amortised cost usin8 the Èffective interest method. Derecognltlon offlnonclol Ilobllltles Financial liabilities are derecognised when the charivs contractual obligations expire or are discharged or cancelled. 1.11 Employee beneflts The cost of any unused hollday entltlement Is recognised in the period in which the employee's seNices are received. Termination benefits are recognised immediately as an expense when the charlty Is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.12 Retlrement benellts Payment5 to defined contrlbution refjrement benefit schemes are charged as an expense as they fall due. 11
A.W.L.N. FOALS & HORSES SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accountlng estlmates and Judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estEmates and assumptions about the carrying amount of assets and liabilides that are not readily apparent from other sources. The estimates and associated assuMp0nS are b35ed on historlcal experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on8oin8 basis. Revisions to accountin8 estimates are recognised in the period in which the estimate 15 revised where the revision affects only that peric(J, or In the perlod of the revision and future periods where the revision affects both current and future periods. Income from donatlons and legacles Unrestrlcted funds 2024 Unrestrlcted fund5 2023 Donations and gifts Le8acies receivable Grants 57.953 10,247 9,250 36,837 43,087 5,700 77,450 85,624 Income from other tradlng actlvltles Unrestrlrted funds 2024 Unrestrlcted funds 2023 Shop Income 33,583 31,533 Income from Investments Unrestrlrted funds 2024 Unrestrirted funds 2023 Interest receivablè 1,326 456 12-
A.W.L.N. FOALS & HORSES SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable aciivltles Chafltsble Charltable Expendlture Expendltu 2024 2023 Staff costs Depreciation and impalrment FeedlHay/Hayla8e/Straw VetslHealthcarelFarrier/Removal Waste Disposal Llght & Heat Adverhsing & Stationary Sundry Repairs & Renewals Bank Charges Telephone PayPal Fees Other charitable expenditure 85,447 273 37,703 18,891 2.262 5,088 1,198 3,075 1,527 72 486 97 10,662 86,242 361 40,269 23,663 3,159 6,208 415 5,470 6,995 72 496 200 9,818 166,781 183,368 Share of sUPPOrt costs Isee note 71 Share of governance costs (see note 71 2,845 2,173 2,576 2,003 171,799 187,947 Support costs allocated to artlvltles 2024 2023 Bank interest Insurance 325 2,520 2,173 325 2,251 2,003 Governance costs 5,018 4,579 Net movèment In funds 2024 2023 The net movement in funds is stated after charging/lcredltlng}: Depreclation of owned tangible fixed assets 272 361 13-
A.W.L.N. FOALS & HORSES SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Icontlnued) 2023 Net movement tn fund5 2024 Trustees None of the trustees {or any persons connected with theml received any remuneration or benefits from the charity durlng the year. 10 Employees The average monthly number of employees durlng the yearwas,. 7 2024 Number 2023 Number Staff en8a8ed In care of animals Employment costs 2024 2023 Wages and salarie5 Other penslon costs 84,034 1,413 85,107 1,135 85,447 86,242 There were no employees whose annual remuneratlon was more than £60,000. 11 Taxatlon The charity is exempt from taxatton on its activities because all its Income Is applied for charitable purposes. 14-
A.W.L.N. FOALS & HORSES SANCTUARY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Tan8Sble fixed assets Freehold land Le¥5ehold and bulldlngs Improvements Plant and qulpmnt Flxtures and Motor vehlcles ffttlnls Total Cost At l Aprll 2023 201,750 6,198 3,763 2,305 1,890 215,906 At 31 March 2024 201,750 6,198 3,763 2,305 1.890 215,906 Depreclatlon and Impalrment At l April 2023 Depreciation charged in the year 6,198 3,262 1,832 1,746 13,038 125 118 29 272 At 31 March 2024 6,198 3,387 1,950 1,775 13,310 Carryln8 arnount At 31 March 2024 201,750 376 355 115 202,596 At 31 March 2023 201,750 501 473 144 202,868 13 Stocks 2024 2023 Raw materlals and consumables 300 300 14 Debtors 2024 2023 Amounts falllng due wlthln one year: Prepayments and accrued income 771 890 771 890 15-
A.W.L.N. FOALS & HORSES SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Loans and overdrafts 2024 2023 Other loans 130,000 130,000 Payable after one year 130,000 130,000 Amounts Included above which fall due after flve years: Payable other than by instalments {130,0001 The lon8-term loans are secured by fixed charges over the land at Redshell Lane In July 2001, the Charlty was lent the sum of £130,000 by Mr G Qulnton, a supporter of the charlt% in order to asslst it to purchase the land at Redshell Lane from which the Charity operates. The terms of the loan are th# no repayment is required provldlng Interest is payable twice-yearly to Mr Qulnton's wife at a rate equal to the b3s&rate published by Lloyds TSB Bank plc. Mr Qulnton has a legal charge over the property which would be invoked in the event of various condltlons belng breached Including that concerning the prompt payment of interest, as well as the care of the land at Red5hell Lane. 16 Credltor5: amounts fallln8 due wlthln one year 2024 2023 Other taxadon and soclal securlty Accruals and deferred income 36,068 1,584 36,154 1,452 37,652 37,606 17 Credltors: amounts falllng due after more than one year 2024 2023 Borrowings 130,000 130,OQO 18 Retlrement benefft schemes Dellned contrlbution schemes 2024 2023 Charge to proflt or loss in respert of deflned contribuJon schemes 1,413 1.135 The charity operates a defined contrib¢Jtion pension scheme for all qualifying employees, The assets of the scheme are held separately from those of the charity in an independently administered fund. 16-
A.W.L.N. FOALS & HORSES SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 19 Unrestrlrted funds The unrestricted funds of the charity comprise the unexpended balances of donatlons and grant5 which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for speclflc purposes. At l Aprll 2023 Incomlng resources Resources expended At31 March 2024 Gener31 funds 249,584 112.359 1171,7991 190,144 Prevlous year: At l Aprll 2022 Incomln8 resources Resources expended At 31 March 2023 General funds 319,918 117,613 (187,947) 249,584 20 Related party transa¢tlons There were no dlsclosable related party transactlons during the year12023- none). 17-