Charity number: 1060620
TRUSTEES REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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 |
WHITE HORSE STABLES RESCUE
LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 30 JUNE 2024
Trustees
Mrs Diane P Barclay-Bernard Mrs N D Hiller Mrs Alison Richardson Mr Jeffrey Newman Mr Christopher Dew
Charity Registered Number 1060620
Bankers
Lloyds plc, 17 Wellington Place, Hastings. TN34 1NX
Page 1
WHITE HORSE STABLES HORSE RESCUE
TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2024
The Trustees submit their annual report and the financial statements of White Horse Stables Horse Rescue, (the charity) for the year ended 30 June 2024. 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 Mr Christopher Dew 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 those trustees present and voting. The chair has a casting vote in the event of a tie.
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 2024
Reserves policy
At the balance sheet date the charity had net current assets of £25306, 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:
Mr C Dew
Trustee
Page 3
WHITE HORSE STABLES HORSE RESCUE
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2024
| 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 2023 TOTAL FUNDS AT 30 June 2024 |
Funds 2024 £ 941682 - - 941682 - 964074 252 964326 -22644 47950 25306 |
Funds 2023 £ 993637 - - |
|---|---|---|
| 993637 | ||
| - 996860 311 |
||
| 997171 | ||
| -3534 51484 |
||
| 47950 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 7 to 10 form part of these financial statements.
Page 4
WHITE HORSE STABLES HORSE RESCUE
BALANCE SHEET AS AT 30 JUNE 2024
| 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 |
£ £ 422 5500 - 19384 24884 - 24884 25,306 £ 25306 25,306 £ 2024 |
£ £ 564 5500 - 41886 47386 - 47386 47,950 £ 47950 47,950 £ 2023 |
£ £ 564 5500 - 41886 47386 - 47386 47,950 £ 47950 47,950 £ 2023 |
|---|---|---|---|
| 47,950 £ |
|||
| 47950 | |||
| 47,950 £ |
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 2024
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 2024
| 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 goods purchased Add opening stock Less closing stock Cost of goods sold |
2024 £ 941682 2024 £ - - - 2024 £ - 2024 £ - 5500 5500 - |
2023 £ 993637 |
|---|---|---|
| 2023 £ - - |
||
| - | ||
| 2023 £ - |
||
| 2023 £ - 5500 5500 |
||
| - |
Page 7
WHITE HORSE STABLES HORSE RESCUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
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 Professional fees |
2024 £ 110 - 142 252 2024 £ 320422 15230 89455 46317 5503 61213 175709 23596 - 17713 152005 45625 - 2066 1329 7891 964074 |
2023 £ 123 - 188 |
|---|---|---|
| 311 | ||
| 2023 £ 232716 13462 85515 25321 6399 74284 217402 21085 - 22404 260393 36878 - - 1001 - |
||
| 996860 |
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 £51864, 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 2024
8 Employees
Number of employees
The average monthly number of employees during the year was as follows:
| Rescue grooms Working pupils/appentices |
2024 8 10 18 |
2023 14 12 |
|---|---|---|
| 26 |
No employee received remuneration amounting to more than £60000 in either year.
9. Tangible fixed assets
| Cost At 1 July 2023 Disposals Additions At 30 June 2024 Depreciation At 1 July 2023 Elimination on disposal Charge for the year At 30 June 2024 Net book value At 30 June 2024 At 30 June 2023 10. Debtors Due within one year Amounts recoverable |
Fixtures fittings & equipment £ 14698 - - 14698 14368 - 83 14451 £247 £330 |
Motor vehicles £ 16511 - - 16511 16277 - 59 16336 £175 £234 2024 £ - - |
Total £ 31209 - - |
|---|---|---|---|
| 31209 | |||
| 30645 - 142 |
|||
| 30787 | |||
| £422 | |||
| £564 | |||
| 2023 £ - |
|||
| - |
Page 9
WHITE HORSE STABLES HORSE RESCUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
| 11. Creditors Amounts falling due within one year Bank overdrafts Loan |
2024 £ - - - |
2023 £ - - |
|---|---|---|
| - |
Page 10
Financial Statement at 30[th] June 2023
WHITE HORSE STABLES – HORSE RESCUE
INDEPENDENT EXAMINERS’ REPORT
TO THE TRUSTEES OF WHITE HORSE STABLES HORSE RESCUE
I report on the accounts of the Charity for the year ending 30[th] June 2024 which are set out on the Accounts as submitted.
Respective responsibilities of Trustees and Examiner
The Charity’s Trustees 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:
- (i) examine the accounts under section 43 of the 1993 Act;
(ii) to follow procedures laid down in the general directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and
- (iii) to state whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the general Directions given by the Charity Commision. I have reviewed the accounting records kept by the Charity and a comparison of the accounts presented with those records. I have also considered any usual items in the accounts and have sought explanations from you as trustees concerning any such matters. In ascertaining these facts and procedures I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s qualified statement
I am able to satisfy myself that adequate accounting records have been kept and am able to confirm balances shown in the balance sheet at 30[th] June 2024 via reviewing schedules and supporting documentation. Whilst I am aware that shared facilities and some costs are shared by the Charity and Ellenwhorne Equestrian Centre I am of the opinion that nothing has come to my attention that the apportionment is not reasonable and justified.
In connection with the above and my examination no other matters have come to my attention which would cause concern with the accounting procedures now in place.
Signed:Leah Hammond BHSAI 5 Warren Drive Battle TN33 0FW
Dated: 7[th] May 2025