**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