Charity number: 1060620
TRUSTEES REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
WHITE HORSE STABLES HORSE RESCUE
CONTENTS
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees' Report | 2 - 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes forming part of the Financial Statements | 6 - 10 |
| Independent Examiners Report | 11 |
WHITE HORSE STABLES RESCUE
LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 30 JUNE 2021
Trustees
Mrs Diane P Barclay-Bernard Mrs N D Hiller Mrs Alison Richardson Mr Jeffrey Newman Mrs Denise Myles
Charity Registered Number
1060620
Principal Address
Independent Examiners Report
Bankers
Lloyds TSB plc, 17 Wellington Place, Hastings. TN34 1NX
Page 1
WHITE HORSE STABLES HORSE RESCUE
TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2021
The Trustees submit their annual report and the financial statements of White Horse Stables Horse Rescue, (the charity) for the year ended 30 June 2021. The Trustees confirm that the annual report and financial statements of the charity comply with current statutory requirements,
the requirements of the charity's governing document, the Charities Act 1993 and the Statement of Recommended Practice: Accounting and Reporting by Charities 2005.
The Charity was established by a charitable trust deed dated 1 April 1995, charity number 1060620 The Trustees who served during the year were:
Mrs Diane P Barclay-Bernard Mr Jeffrey Newman Mrs N D Hiller Mrs Denise Myles Mrs Alison Richardson
Trustees are appointed by the existing trustees either when existing trustees resign or when additional suitable people make themselves available.
All new trustees are briefed on the operations and objectives of the charity in accordance with their legal obligations under charity law.
The charity is operated by periodic meetings of the trustees. Decisions are made on the basis of a majority vote of thosIndependent Examiners Report
The charity paid rent for land at Stocklands Farm, Staplecross during the period. The land is owned by Ellenwhorne Equestrian Centre, a business in which trustees Mrs D Barclay-Bernard and Mrs N Hiller have an interest. The land is used for the paddocking of rescue horses, this rent is considered to be below market value.
Objectives and activities
The charity's objects are to relieve the suffereing of equines which are in need of care and attention, The charity continued to stable equines during the period and provide the care required. The number of equines being cared for increased during the period.
Achievements and performance
The charity met its objectives during the period and maintained the quality of care it has historically achieved.
Financial review
The trustees are of the opinion that the charity remains in a viable position financially.
The trustees are of the opinion that the future funding will continue at the present levels and therefore the future financing and running of the charity will be maintained and they are committed to this end.
Page 2
WHITE HORSE STABLES HORSE RESCUE
TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2021
Reserves policy
At the balance sheet date the charity had net current assets of £52905, the remaining assets representing the fixed assets in use at the stables. It is not the policy of the trustees to build up reserves but to utilise monies
Risk management
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate our exposure to the major risks.
This report was approved by the Trustees on ….....................
and signed on its behalf, by:
Mrs D Myles
Trustee
Page 3
WHITE HORSE STABLES HORSE RESCUE
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2021
| Note Incoming resources fom generated funds Donations, legacies and similar incoming resources 2 Shop sales 3 Investment income 4 TOTAL INCOMING RESOURCES Resources expended Costs of generating funds Costs of goods sold 5 Charitable activities Activities in furtherance of the charity's objects 6 Governance costs 6 TOTAL RESOURCES EXPENDED MOVEMENT IN TOTAL FUNDS FOR THE YEAR - NET INCOME/(EXPENDITURE) FOR THE YEAR TOTAL FUNDS AT 1 July 2020 TOTAL FUNDS AT 30 June 2021 |
Funds Funds 2021 2020 £ £ 762633 950966 1588 - - - 764221 950966 1500 - 738631 963615 658 2886 740789 966501 23432 -15535 29473 45008 52905 29473 |
|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 7 to 11 form part of these financial statements.
Page 4
WHITE HORSE STABLES HORSE RESCUE
BALANCE SHEET AS AT 30 JUNE 2021
| Note FIXED ASSETS Tangible fixed assets 9 CURRENT ASSETS Stock Debtors 10 Cash at bank and in hand CREDITORS: Amounts falling due within one year 11 NET CURRENT ASSETS NET ASSETS CHARITY FUNDS Unrestricted - General Funds TOTAL CHARITY FUNDS |
£ £ £ £ 1002 1335 5500 500 - 2885 46403 25149 51903 28534 - (396) 51903 28138 52,905 £ 29,473 £ 52905 29473 52,905 £ 29,473 £ 2021 2020 |
£ £ £ £ 1002 1335 5500 500 - 2885 46403 25149 51903 28534 - (396) 51903 28138 52,905 £ 29,473 £ 52905 29473 52,905 £ 29,473 £ 2021 2020 |
|---|---|---|
| 29,473 £ |
||
| 29473 | ||
| 29,473 £ |
The financial statements were approved by the Trustees on …................
Mrs D Barclay-Bernard Trustee
The notes on pages 6 to 10 form part of these financial statements.
Page 5
WHITE HORSE STABLES HORSE RESCUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended applicable UK accounting standards and the Charities Act 1993.
1.2 Incoming resources
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.3 Resources expended
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Governance costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements.
1.4 Cash flow
The financial statements do not include cash flow statement because the charity, as a small Reporting Standard for Smaller Entities (effective April 2008).
1.5 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures, fittings and equipment Motor vehicles
-
25% reducing balance
-
25% reducing balance
Page 6
WHITE HORSE STABLES HORSE RESCUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
| 2. Donations and legacies Donations, gifts and grant 3. Shop sales Shop sales Cost of goods sold 4. Investment income Interest receivable 5. Total resources expanded Cost of generating funds Cost of googds purchased Add opening stock Less closing stock Cost of goods sold |
2021 £ 762633 2021 £ 1588 1500 88 2021 £ - 2021 £ 6500 500 5500 1500 |
2020 £ 950966 |
|---|---|---|
| 2020 £ - - |
||
| - | ||
| 2020 £ - |
||
| 2020 £ - 500 500 |
||
| - |
Page 7
WHITE HORSE STABLES HORSE RESCUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
6. Charitable activities
Governance costs
| Interest and bank charges payable Professional fees Depreciation and losses on assets scrapped Total Activities in furtherance of the charity's objects Feed, hay and bedding Rescue horse costs Farrier and vet Motor expenses Utilities Insurance, rent and rates Maintenance Sundry Security Postage and stationery Wages and salaries Volunteer expenses Trustees expenses Staff costs Advertising |
2021 £ 174 150 334 658 2021 £ 212612 9360 54737 33996 7583 56804 57710 20342 1381 10251 234058 39672 - - 125 738631 |
2020 £ 405 2036 445 |
|---|---|---|
| 2886 | ||
| 2020 £ 276877 11250 79130 35224 9552 70741 112993 25846 1381 21668 261594 40000 - - 17359 |
||
| 963615 |
7 Trustees
None of the trustees (or any person connected with them) received any remuneration during the year.
During the year the charity paid rent to Ellenwhorne Equestrian Centre of £48000, a business in which trustees Mrs D Barclay-Bernard and Mrs N Hiller have a financial interest. The trustees have obtained a rental valuation that confirms that the rent charged is below market value.
Page 8
WHITE HORSE STABLES HORSE RESCUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
8 Employees
Number of employees
The average monthly number of employees during the year was as follows:
| Rescue grooms Working pupils/appentices |
2021 2020 14 14 12 12 26 26 |
|---|---|
No employee received remuneration amounting to more than £60000 in either year.
9. Tangible fixed assets
| Cost At 1 July 2020 Disposals Additions At 30 June 2021 Depreciation At 1 July 2020 Elimination on disposal Charge for the year At 30 June 2021 Net book value At 30 June 2021 At 30 June 2020 10. Debtors Due within one year Amounts recoverable |
Fixtures fittings & equipment £ 14698 - - 14698 13917 - 195 14112 £586 £781 |
Motor vehicles £ 16511 - - 16511 15956 - 139 16095 £416 £555 2021 £ - - |
Total £ 31209 - - |
|---|---|---|---|
| 31209 | |||
| 29873 - 334 |
|||
| 30207 | |||
| £1002 | |||
| £1336 | |||
| 2020 £ 2885 |
|||
| 2885 |
Page 9
WHITE HORSE STABLES HORSE RESCUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021
| 11. Creditors Amounts falling due within one year Bank overdrafts Loan |
2021 2020 £ £ - - - 775.00 - 775.00 |
|---|---|
Page 10