Wiqi.alSigpaiuie I r&r￿aCI￿on >4e'. SHMG.6CPKI-nY£W. 20 M&1 ?G25 11..4ts.34 G￿1 IUTC +01 n '.12 P 1128 Register•d number: 03789963 Charfty number: 1076278 Moorcroft Equine Rehabilitation Centre (A company Ilmlted by guarantfre) Unaudlted Trustees, report and flnanclal ststements For the year ondod 30 June 2024 *ADZ885HT* 2810312025 COMPANIES HOUSE A09 #39 ViTh¥alSv4llaWMe Tiarysauh)n Rel 5gUG.6CPM.r)YZH ZO Mar ￿15 11..40..34 GIAI IU1"C 401 D Ird P W28 Moorcroft Equln• R•habilitatlon C•ntr• (A ¢ompany limtted by guarante•) Contents Page R•f•r•nce and admlnl8tr•tlv• d•tall8 of th• Charlty, It• TruBt••8 and advl$•rn Trust•••' report Indep•nd•nl •xamln•rf8 r•port stst•m•nt of fln•n¢lal actlvltl•• 8alanc• sh••t 9-10 Not•4 to lh• flnanclal •tat•m•nts vil1ts8ls4nai￿rt T{ansaci￿ri Ho,, 5BP•G.6r.PM.DY7￿. 20 I￿8.. 202J 11'.40'.34 GU1 IIJlC Trol 0 I.Q P 3178 Moorcroft Equlne Rehabllltallon Centre IA company Ilmlted by guarant••) Refer•nce and adminlstratlve detalls of t￿ Charity, its Truste•s and advlsèrn For the yèar ended 30 June 2024 Trustees C Gibson (appointed 15 October 20241 G Gordon-Thomson (appointed 16 October 2024) J Hadfield lappoinled 15 October 2024) L Hazeldine (appointed 15 October 2024) Company r•glstered number 03789963 Charlty reglSt•r•d number 1076278 R•glst•r•d offic• Huntingrove Stud Slinfold Horsham West Sussex RH13 ORB Indep•ndent examlner Kreston Reeves LLP Chartered Accountants 9 Donninglon Park 85 Birdham Road Chlchester West Sussex P020 7AJ Page 1 VInu24Sl￿1la1vl￿ Ir81152ciio.". F'.e 59fv4Cs.6LU44 r)y j$4 20 Mar >0?$ 11".40 34 GMI IUIC IOI D 112 P Moorcroft Equine Rohabilbtation Centre (A company Ilmlted by guarantee) Trust••s' report For the year èndod 30 June 2024 The Trustees present their annual report together wlth the financial slatements of the Charity for th8 year 1 July 2023 to 30 June 2024. The Annual report sèrvès the purposes ol both a Trustees. report and a dir8clors' report under company law. The Trustees confirm that the Annual report and financial statements of the charltable company comply with the current statutory requirements, the requirements of the ch8rltable companls goveming document and the provisions of the Statement of Recommended Practlce (SORP) applicable to charities preparing their accounts In accordance wlth the Flnanci81 Reportlng Standard appllcable in th8 UK and Republlc of Ireland {FRS102) (8ffective 1 January 2019). SinGe the Charlty quallfles as $m811 under section 382 of the Companies Acl 2006. the Strategic report required of medium and large companies under the Companies Act 2006 (Slralegrc Report and Dlrectors. Report) Regulations 2013 has beon omltted. ObJ•ctlvos and actlvltles a. Pollcles and objèctives The oblects of Ihe Charity are to relieve the suffering of horses, in parlicular but not @xclusively, thoroughbred racehorses, which are in need of care and attenlion by all appropriate means including in particular (but nol withoul limitation) by means of provision ol facililios for their caro, prot8¢lion and rehabllitalion. b. Actlvilles und•rtaken lo achl?ve obJocllv•8 The flrst and vital reason why we can achleve Ihese Important objectives Is by having very experienced staff who have a proven and dedlcated syslem of assessment and diagnosis of all allrnenls so that good results can bo achieved without too much suffering or time wasting. Our princlpal fundraising events have again been a financlal success. and we have received a number of generous donatlons. However, wlth the e5calakn.on In costs of runnlng a professlonal rehabilitatlon ¢entr8 that OP8rat&s at full Capacity these events and donations aTe of tanlamounl irnportance to our charlly partlcularly as we wlsh to help as many horses as posslble al an affordable cost to Ihe owner. We therefore endeavour to ke8p our charges reasonable so we can help a$ many needy horses as possSble, and we fvndraise to make up the dlfference. Othe￿Ise, we becom8 unaffordable. and we risk nol being able to help many needy. vulnerable and deseNing cases which is not what we want. The following events and actr'vities have been undertaken by (wr hardw¢)rklng and dedicated leam of staff. ra rai Moorcroft runs various demonstration days to showcase what we do with the wider public and edurate them on the process of rehabililation and the challenges faced by retired racehorses and olher damaged and lame competllion horses. They continue to be popular with increasing attendances each year. Our Chief Executive and our Yard Manager have worked for this charily for a number of years and thoy have a weallh of equine rehabilitation experrence, therefore we are lucky to be able lo run these helpful courses and they are very well attended. Wé also hosl clinics and talks to dlsseminate inlomalion from the field of equine health and rehabilitation to horse-owners and PTofessionals. These courses are growin9 in content and popularity and are proving to be a good revenue stream to help us to keep doing our worthwhlle work helping these horses back to health. They now include: 1. Equine Massage Course (by our experienced physiotherapisll 2. Lon9 rein courses 3. Evening Talks on varlous topics such as remedial shoeingl going bare foot. 4. Dressage Clinics 5. Showcase Days - demonstrating rehabilitstion techniques lo help others. 6. Courses to prepare candldates lo pass BHS exams. 7. Secon(khand Tack sales 8. Educational talkslDemos on the use of Platelel Rich Plasma lendons elc. 9. ROR Retraining clinics for ex-ra¢ehorses and their new owners - 1st Saturday of each month. 8 healing system for damaged joints and Page 2 Villlia'.SiEnaiVl6 lianBaEIiDr. RL,l JBMG 6CPM.I)YZk4 zo M¥r 20?.5 11".40'.34 Gt4T IUT¢ IOI n irn p 5Q8 Moor¢roft Equlne Rehabilitatlon Centr• (A company Ilmited by 9uarantee) Trustees. report (¢ontlnu•d) For lh• year ended 30 Junt 2024 ObJectlv•s and actlvlll•• (¢ontlnu•d) uine Rehabilitati nafters IBOX resVLameness for all breeds Another service we are currently offering is Ihe rehabilit81ion of any horse after surgery Qr time off due to accident or injury as the staff al the centr8 have Ihe experience and know how to do this and there is 8 need and a dèmand for Ihis as mosl horse owners are not capable or confident with thls phase and Iherelore the horses may suffer. We are happy to provide this service al an affoTdabl8 Cost on welfare grounds. The demand for this Servi￿ has increased hugely In thls ftnanclal year and we are pleased to announce that we were able lo respond to this rise in the dem8nd for our hèlp and expertiso and leel we have therefore fulfilled our objectives and helped relieve the suffering of more horses this year than ever. In this area there has been an increase in the deman¢J for our help. Hel in riva wned ex-raceh rses The charity has had an Sncreasing demand whlch it has fesponded to from private owners of ex-racehorses who need a few months of rehabilitation due to the injuries acquired whilst racing and the charfty has beèn helping many of Ihese who can get involved to some degree in their horse's rehabilitation here at the centre and who can then. lako th8lf horse home eventually 8nd malnlain this worthwhilè improvèm8nl. Mot)rcroft is th8 only charlty that gives thls unique servlce to the own8rs of an Èx-racehorse, and we are very aware of how needed It Is. This continues Moorcfoft's charltable objecllves In giving many ex-racehorses a better future. We work with ROR by providlng relralning cllnlcs to ex-racehorses and th81r owners on the first Salurday of overy month. Usb ourl ndlo row our own ha ha Another activity Ihal this charity has undertaken in this accounling year is to continue to grow and harv8st our own Crop of hay or ha￿age, in order to provlde good quallly feed lor the horses In our care and to ensure that we use our land re$ponslbly and always with the best interests of the charty at heart. This relatively new proie¢l saves the charity considerable costs and ensures a better product for the hors8s In our care. In order, to carry out our ongolng work, It Is cruclal that the facllilies at the centre are fit for purpose, are kept In good rèpair, and are able to accommodate a sufficlant number ol horses with a range of needs. Using leedback from the staff, the Trustees keep thls area under review and ensure the facllilies are upgraded accfJrdingly. ve AA sfo We started this very useful and pain-relievlng treatrnent In February 2023 and are very pleased we did, and11 has relieved the suffering of many horses in our car6. P.R.P. is Platelet Rich Plasma and il involves using the horses own blood where the valuable gr0￿h platelets are separated and injected back into the area of pain or the arthrftic joint for further rellef and healing. We are havlng great success with this and are pleased to be working wilh professional Vets et¢ lo be achieving great results. We work closely with Advanced 8iologics Research and Arthrex, the Gompanies that produce the unit lo allow this lo happen and all the kits needed. and we are now being able lo provide worthwhlle data as we progress with this to ensure many horses will gel this valuable help now and in the future. We conslantly strive to ensure we are fulfilling our charitable oblectives lo continually develop the rehabilitative help that we can provide and to educale others too. c. Maln a¢tivltl•s undgrtaken to further the Charlty's purposes for th? publlG ben•frf In shaping our objectives and planning t)ur actlvllles for the year, the Truslees have glven coDsidei8lion to the guidance issued by The Charity Commission and the duties set out in Section 17<5) of the Charities Act 2011 to have regard lo public benefil. In particular. Ihe Tnjslees have considered how the planned aGlivilies will contribule lo the overall aims and objectives that they have set. The Trustees believ6 that this is sel out In paragraphs a. and b. above. Page 3 VirtL8.'S%i'.aitsie IraDsa¢lf)ri h'èl. 58P4L.6CuM.I)Yz!4 2Q Kfiar ?O?.J 11."40.'34 GthhT I'JIC . OI i) i.v P &V8 Moor¢roft Equln• R•habllltatlon Centrn IA Company Ilmlt•d by guarantee) Trustees, report lcontlnued) For thè year end•d 30 June 2024 Objectlves and activities Icontinuèd) d. Trustees The Irustees that served durlng the year and up lo the date of signing the trustees report are as follows: C Gibson (appointéd 15 October 2024) G Gordon-Thomson lappolnted 16 October 2024) J Hadfield (appointed 15 October 2024) L Hazeldine (appointed 15 October 2024) S J Beeby (appointed 2 August 2022, resigned 12 October 20241 N J N6ville (appointed 23 April 2022, resigned 12 October 2024) A J Rumble (appointed 4 March 2023, reS￿ned 12 Oclober 2024) A¢hl•vom•nts and porformanco . Maln a¢hl•v•m•n18 of th• Charlty Further to the actlvities undertaken to achieve our objectives described above, durlng the year under review. 53 horses were taken Into Moorcroft for rehabllitation, some take longer than others and all have gone home to a much better, rnoie comfortable lrfe. Moorcroft ran 11 events durlng the course of the year. covgring 8 rangè of lopics - see above. Moorcroft mainlalned Its commitment to visit each rehomed horse annually. ensurlng its contlnued wellbelng a8 well as offering 8UPPOrt end advice to the ¢uffanl rldor and caro givar of the horse. We conllnued to help horses and ke8p ihe charlty flnanclally viable by respondlng to tho requests for our holp, saving money whore we can without compromislng on wellare and running 8ducational events and lundraisers. to bring in much needed revenue so we can continue lo help horses in thls way. Flnanclal r•vl•w . Golng con¢•rn After making appropriale enquiries, ihe Trustees have a reasonabl8 expectation Ihat the Charty has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial slalements. Further details régarding the adoptlon of Ihe going concern basls can be found in the accounts'ng policie8. b. R•8•r¥e8 pollcy The Trustees have established a policy whereby the unrestricted funds not committed Of Invested In langible fixed assets I'lhe free reserves'l held by the Charily should be six months of the resources expended. At this level. the Trustees feel that they would be able lo continue the current activities of the Charity in the event of a slgnlficant drop in lunding. A conseouence of the purchase of Huntingrove Stud in 2002 is Ihal this level of free reseryes has yel to be achieved. ¢. Surplus The charity made a surplus during the year of £79,495 (2023: surplus £25.757) on unreslriGted aclivities. This has been added to the unrestricted reserve$ brought forward to leave £434,80012023.' £355,305) to be carried forward. Therefore, total reseryes stand al £434,800 (2023.. £355,305). Page 4 v￿￿5&1$1917a,￿re.1 rans&ciiory s￿￿,.G.6¢PM.0Y/H 20 FA&F ?O?E 11.'40."34 GM"I iuic.ok D 1Tr P 7128 Moorcroft Equine Rehabllltatlon C¢nlr• (A cornpany Ilmlted by guarant•e) Trustees. report (contlnued) For the year ènded 30 Jun• 2024 Structure. 9ov•rnan¢e and man•g•mént a. Constitution The Charity was Sncorporated as a private company limlted by guarantee on 10 June 1999 and receiv charilable status on 25 June 1999. Its governlng document is the Memorandum and Articles of Associationdated 10 June 1999. b. Methods of appolnim•nt or 01ectlon of Trusle•g The Trustees when complete shall consist of at 18ast three and not more Ihan twelve indivlduals, all of whom must be members. One third (or Ihe number nearest one third) of the Trustees musl retire at each AGM. Ihose longest in office retirin9 first and the choicé be￿een any ol equal senlice being made by drawing lots but a retlring Trustee shall be eliglble for re4lection. The power of appoinling new Trustees is vestèd in the Trustees and may be exercised by a resolution In wrlllng. c. Organlsatlonal 8tru¢lur• and d•clslonwmakln9 poll¢l•$ The Charity is govemed by a Board of non-executlve Trust88s. Trustees are responsible foi ¢reat5ng and monlloring key policies and strategy. Day lo day board declsions are made by the Chairman with authorlsalion lor items of cap51al expenditure sought from the Truste88. Page 5 ->.V,.LIYZrf ￿ Mar2075 11."40'.3< illl C IOI l) ié? P 81?.8 Moorcroft Equlne R•habllllatlon Contr• IA company limltèd by guarantee) Trustees. report (eantlnued) For the year ended 30 June 2024 ststement of Trustoes. responslbllities The Trustees {who are also the direclors of the Charity for the purposes of company18w> are responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and United Klngdom Accounting Standards (United Kingdom Generally Accepted Accountlng Practice). Company law requires the Trustees to prepare financial statements for each financial year. Undér company law, the Trustees must not approve the finanual statements unless they are salisfied that they give a true and fair view of the slate of affairs of the Charity and of 118 incoming resources and application of résources, Including ils income and expenditure, for that period. In preparing these financial slalements, the Trustees are required to- select suitable accounting policies and thén apply them conslstenlly, obseThe the methods and principles of Ihe ChaFilies SORP IFRS 102),. make judgments and accountlng estlmates that ar8 reasonable and prudenl; slate whether applicable UK Accounlin9 Standards (FRS 102) have been followad, sublèct to any material departures dis¢losed and explained in the financial statements,. prepare tho financlal statements on Ihe golng concern basls unl888 It18 Inapproprlale to presume that tho Charity will continuè in businéss. The Trustees aro responsiblo for koeping adequat8 accounting recoids that are sufficient to Show and explaln thé Chariws Iransactions and disclose with reasonable accuracy al any tlme the financial position of the Charity and enable them to ensure thal the financial stalèments comply with the Companies Acl 2006. They are also responslble for saléguarding th8 Assots of the Charlly and hence for laklng réasonable slgps for thé preventlon and detecllon of fraud and other irr8gularllles. Approved by order ol the membars of the board ol Trustees and slgned on their behalf by.. ¢lllT1I￿d* G M Gordon-Thom8on Date: 20 March 2025 Page 6 ViAuaiS¥rpaivie Irai75a¢iicD. Rél 5FJK4G.6CPM-DY7h ?.0 PG7￿ 7 1'.410'.3a C-MI IUIC +0) r) 1.,2 P 9Q6 Moorcroft Equlne Rohabilitatlon Centro IA company limlted by guarantee) Independenl examlnerfs report For the year ended 30 Juno 2024 Independent examlnerfs report to the Tru5t•es of Moorcroft Equlne Rehabllltation Centré (Ihe Charlty.) I rèport to the Charfty Trustees on my examlnatlon ol Ihe accounts of thg Charlly for the ￿ar ended 30 June 2024, Responslbllltlofj and basls of r•port As (he Trustees of the Charlty (and its dlrectors for the purposes of company18w} you are responslble for the preparation of the accounts in accordance with the requiremen18 of the Companies Act 20061'the 2006 Acl'}. Havlng salisfled mysell Ihat th8 accounts of the Charity are nol r8qulred to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examinath'on of the Chariws accounts carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out rny examlnalion I have followed the Directlons given by the Chartty Commlssion under section 145(5){b) ol the 2011 Act. Indep•nd•nt •x•mln•fs •tat•m•nt Slnce the Charitls gross Income exceeded £250,000 your examiner musl b8 a member of a body Ilsted In section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l arn a member of Institute of Chartered Accountants In England and Wales, whlch is one of th8 li$led bodies. I have completed my examlnatlon. I conflrm thal no matters have come to my attanllon In connectlon wth the examlnation glvlng me cause to b8li8ve'. arxounling records were not kept in resped of th& Charily as requir8d by seclion 386 of lh8 2006 Acl,. or the accounts do not accord wilh Ihose records: or the accounls do not comply wlth the accounling requlrements of section 396 of the 2006 Act 0th8r than any requirement thal the accounts givo o 'lrue and falrf view which is not a mattor consldered as part of an independenl examlnation: or the accounts have not been prepared in accordance wllh the m8lhods and princlple$ ol the Stalemènl of Recommended Pr8¢tice for accounting and reportlng by charities applicable lo charities preparing their accounts In accordance wllh the Financlal Reportln9 Standard applicable in the UK and Republic of Ireland {FRS 102). I have no con¢8rns and have come across no other matters in conn8ctlon with the examination to which atl8nlion should be drawn in this report in order to enablg a proper understanding of the accounts to be reached. This report is made solely to th8 Charilws Trustees, as a body. In accordance with Part 4 01 the Charltie$ (Accounts and Reports) Regulatlons 2008. My work has been undertaken so that I might state lo the Charity$ Trustees those mallers l am required lo stsle to them in an Independent examinerfs report and for no other purpose. To the fullesl extenl permitted by law, I do not accepi or assume responslbility to an￿De other than the Charity and the Charitys Trustees as a body, for my work or for this report. Dated.. 26 March 2025 Lucy Hammond Bsc FCA Kr8slon Reeves LLP Chartered Accountants 9 Donningion Park 85 Birdham Road Chichester West Sussex P020 7AJ Page 7 VidiialSi9r-.8Iu￿￿ i Itn82£iinn Ae,, Wl.G.bL%>V.I)Yjl% ?0 Md" ?O?fi I1.40.34 C-441 IUI'C.. 4011) I-.?. P 10126 Moor¢roft Equlne Rehabllitation Cenlr• (A company Ilmlted by guarantee) Statement of flnancial actlvities (Incorporating In¢ome and expendltur• account> For th• year ended 30 Jun¢ 2024 Unr•slricl•d funds 2024 Total funds 2024 Total funds 2023 Note Incom• from: Donation5 and legacies Charltable acllvilies 196,853 106,935 9,869 17,515 196,853 106,935 9.869 17,51S 163,801 55.082 10.930 16,530 Other tradlng 9Ctiville$ Investm8nls Total Incom• 331,172 331,172 246,343 Exp•ndllur• on: Raising funds Charitable actlvities 3,540 215,357 250.202 250,202 Total •xp•ndltur• 253,646 253,646 218,897 N•t Income befor• not galnil(lo••••) on Investments Net gainsl(losses) on Investments 77,526 1,969 77.526 1,969 27,446 (1.6891 Not movem•nl In fvnds 79,495 79,495 25,757 R•con¢lllatlon of fundi: Tolal funds brought fopward Net movement in funds 35S.305 79,49S 355,305 79,495 329.548 25.757 Total funds ¢arri•d forward 434,800 434,800 355,305 The Slatemenl of financial activilies inclu¢Jes 811 gains and losses recognised in the year. The notes on pages 11 to 26 fomi part of these flnancial statements. Page 8 Viliia1SoiioIL.re Ira*i s&cI':er. Atl. 58V.C..6CP,M-U¥k.H ?.0 l%laf 2025 11-.40-.34 GMI liiTC *OI D I,? P i i1?8 Moorcroft Equine Rehabilitation Cenlre IA company Ilmlted by guarantee) Registered number: 03789963 Balance sheel As at 30 June 2024 2024 2023 Not• Flx¢d assèts Tangible assets Investments 12 13 951,223 25.911 962.072 33.942 977,134 996,014 Current as$•ts Debtors Cash al bank and In hand 14 118,363 25,441 17,896 18.427 143,804 36.323 Creditors.. amoun18 f8111ng due ￿￿thIn one year 15 1226,971) {57.865) Not currenl158billtle$ 183,167) (21,542) Total assots le$$ currenl Ilabllltles 893,967 974,472 Creditors: amounts falllng due after morè than one year 16 1459,167) (619,167) Total not ass•ts 434.800 355.305 Charlty funds Unrestricted funds 17 434,800 355,305 Total fund• 434,800 355,305 Page 9 vill11￿1%￿na1u1e i ran¢è&liLin K*.. qFSfvI(I*LJiI.I)Y/*# 20 1th21 2(125 11.40 34 C?411 iillc tsk IJ I,.? P 12tt8 Moor¢roft Equine R8habllitation Centre (A company lirnited by guaranlee) R•gislerod number: 03789963 Balance sheet {contlnued) As at 30 June 2024 The Charity was entiued to exemptian from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audil for Ihe year in question in accordance with section 476 of Companies Acl 2006. The Trustees acknowledge their respon51bililie5 for complying with the requiremenls ol the Act with respect to accounllng iecoTds and preparation of financial statements. The financial stalemonts have been prepared in accordance with the provisions applicablg lo enlltles subject to the small cofflpanie$ regime. The financial stat8menls were approved and authorised lor issue by the Trustees and signed on Iheir behalf by. G M Gordon.Thom8on Date: 20 Maich 2025 The notes on p8ges 11 to 26 form parl of these financial statement$, Page 10 vinua15i9ngiiy¢ l i¥n$aLliGiI R¥1. 58N¢.G-6CPAh.l)VZV. ￿ Mai 20?5 i 1'.40.'34 GMI ILIIC. 401 O Ij2 P 13.Q8 Moorcroft Equlne Rehabllitation Centr• (A company Ilmlted by guarantoe) Notes lo th• financlal 8tat•m•nts For the y•ar ended 30 June 2024 Genoral Informatlon Moorcroft Equlne Rphabllitation Centre is a private company Ilmit8d by guarantee, Irwrporated in England and Wales. The registered offic8 address and principal place of business is: Huntingrove Stud Sllnfold Horsham Wesl Sussex RH13 ORB A¢eounting policles 2.1 Basls of pr•paratlon ol Ilnanelal statem•nts The financlal statèments have been prepared In accordance wlth the Charilles SORP IFRS 102) Accounting and Reporting by Charities.. Statement of R8comrnended Practice applicable to charities preparlng Ihèlr accounts In accordance wllh the Flnancial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102) leffeclivo 1 January 2019). the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Moorcroft Equine Rehabililalion Centre meets the definitlon of a public benefil enlily under FRS 102. Assets and liabilitles are inltially recognlsed at hlstorical cost or transaction value unless olheTh¥lse staled in the relevant accounting policy. 2.2 Golng conc•rn The Trustees have concluded Ihat the charlly has sufficlent asset reseNes to meet ils obllgations as they fall due for a period of al least 12 months from the dale ol signing ol these financi81 statements, Consequently Ihey are satisfied that the charity has adequate resources lo continue lo operate lor the foreseeable future and for this reason they continue lo adopt the going concern basis for preparing these linanclal stalemenls. Page11 Wi".li.aJ¢igi'.awÈ I lansau￿rI RÈ, 5ks-. * .SCPVr.l}V/.. ?t, M&- ?O*S I1..4Q j4 G.￿1 j.. IIC .0) i) i..? P 141?e mo0￿r0ft Equln• Rehablllt•tion C•ntre (A company limited by guarantee) Notes to the Ilnanclal statemènts For the y•ar end•d 30 June 2024 Accountlng pollcl•s {eontinu•d) 2.3 In¢om• All Income is recognis8d once the Charity has entitlement to the income, It is probable that the Income will be received and tho amount of Income receivable can be measurod reliably. The rewgnitlon of income from lggacles 1$ d8penflent on establlshlng entbllement, lh8 probability of receipl and the ability to eslimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to Ihem {Ihrou9h knowledge of th8 existence of a valid will and the dealh of the bonelaclor) and Ihe executor is satisfied that the property in question wtll not be required lo satisfy claims in the estate. Receipt of a legacy must be recognised when it Is probable that il wlll be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity. can be reliably measured. Grants a￿ Included In the Slatement ol financlal activities on a receivable basis. The balance of income received for spe¢lli¢ purposes bul not expended during the period Is shown In the relevant lunds on Ihe Balance sh88t. Where income is received in advance of enlltlemenl of recelpi, ils recognition is deferred and included in creditors as deferred income. Where entillemenl occurs before income Is received, the Income Is accwed. Where Ihe donated 9ood is a fixed asset. It is rneasufed al falr value, unless It Is impractlcal to measure thls reliably. in whlch case Ihe CDSI of Ihe item io thè donor should be used. The gain Is recognised as incomg Irom donations and a corresponding amount is included in Ihe appropriate rixed assel class and depreciated over Ihe useful economlc life In accordance with the Charllys accounting policies. Income tax recoverable In relatlon to Inveslmenl income is recognised el the tlme thg Investmonl income is receivable. 2.4 Expendlture Expendllure Is recognlsed once there Is 8 legal or conslruclive obllgation to transfer economic benefit to a third party. il is probable that a Iran$fèr of 8¢onomic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up ol the tolal of difect costs and shared costs, including support costs involved in undertaking each activrty. Direct costs attribulable lo a single activity are allocated directly to that activlty- Shared costs which contribute to more than onè a¢tivity and support costs whlch are not attributable to a single aclivty are apportloned be￿8&n Ihose activities on a basis consisteni wlth the use of resources. Central slaff cosls are allocal8d on Ihe basis of time spènt, and depreciation charges allocatad on the portlon of lh& asset's use. Expenditure on ralsing funds includes all expendlture Incurred by Ihe Charity to raise funds for It5 charitabl& purpos8s and Includes costs of all fundraising adivitiès events and non-charllable trading. Exp8nditure on charltable actlvities Is Incurred on dlrectly undertaking the acllvities whlch further the Charitys objectives. as well as any associated support Gosts. All expenditure is Inclusive of Irrecoverable VAT. 2.5 Government granls Government granis relating to tangible fixed assets are treated as deferred in¢ome and released to Ihe Stalemenl of financlal activitles over the expected useful lives of the assets concerned. Other grants are credited to lh8 Slaternent of financial activities as the related expenditure is incurred. Page 12 .pseclion Re. JfRMc3.&c￿m-r)¥Il.. 20 Ma.. 20?.5 1 1.40".3ffj GMT lilTC +01 o P 15ts. Mooreroft Equlne Rehabilltatlon Centre IA company limited by guarante¢) Notos to the flnanclal statéments For the year ended 30 Juno 2024 Accounllng poli¢l•s (¢ontlnued} 2.6 Int•MSt r•c•lvabl• Inlerest on funds held on deposit Is included when receivable and the amount can be measured reliably by the Charity.. thls Is normally upon notificallon ol the inleresl paid or payable by th8 institution with vthom th8 funds are deposited. 2.7 Taxation The Charlly is con¥ideTed to pass Ihe tests 8et out in Paragraph 1 Schedule 6 01 th8 Flnance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. A¢wrdingly, the Charity is Potentially exempl from taxation in respect of Income or capital gains received wilhin categories covered by Chapier 3 Part 11 of (he Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applled exclusively to charitable purposes. 2.8 Tanglble flxed •sset8 •nd depr•clatlon Tanglble fixed assels are capltalised and recognlsed when future e¢onomlc benefils are probable and the ¢ost or value of the 8ssel can be measured reliably. Tan9lble flxed assets are Inltiolly recognlsed al cost. After recognilion. under the cost model. tanglble fixed assets are measured al cost less accumul8led.depreciation and any accumulated impaimenl losses. All costs Incurred lo brin9 a tsn9ible fixed assel Into Its intended working Condition should be Included In the measurement of cost. Oepreciatlon is charged so as lo allocate the cost of tangiblè flxed assels less thelr resldual value over their eslimaled useful lives, using Ihe straighl-line melhod. Oepre¢ialion 1$ provided on the followlng bases.. Freehold property Improvements to property Plant and machlnery Computer equipment - 200 years 20 years 10 years or 7 years stralght line 3 years 2.9 Inv•slm•nts Fixed asset investments are a form of financial instrument and ar8 initially recognised al their transaction cost and subsequently measured at fair value al the 8alance sheet datè, unlèss Ihe value cannot be measured reliably in vthlch case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are comblned and present8d as 'GaIn￿(LOSSes) on investrnents, in the Slatem8nl of financlal activities. Investments In subsidlarie8 are valued al cost less provislon for impalrment. 2.10 Deblors Trade and other debtors are re¢ognised at the settlement amount after any Irade dls¢ount offered. Prepaymenls are valued at the amount prep8i¢J nel of any trade dlscounts due. 2.11 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly Ilquid Investments with a short malurlty of three months or les8 from the date of acquisition or opening of the deposit or similar a¢Gounl. Page 13 ViniJa'.Switdlure'l rf8Ths8e.li¢fi 4¢ 4Trava.6r.pèhiiY/iy ?0 k4a' ?02& 1". 40 34 c-￿ l- lu I (.-..tsI 1> l.? P Moor¢roft Equlne Rehabilitstlon Centre (A company liffllted by guarantee) NDt•s to the flnanclal statèments For th• yoar end•d 30 Jun• 2024 Accountlng poliel•s {contlnu•d 2.12 Llabllllles and provislons Liabillties are r8cognised when there is an obligation at the Balance sheet date as a r8suIt of a past event, It Is probablé that a transfer of economlc benollt w511 be required In sèltl8mont, and the amount of the settlement can be estimated reliably. Liabilities ale recognised at the amount thal the Charity anlicipales il will pay to settle the debl or the amount it has received as advanced payments for the goods or service5 It must provide. Provisions are measured al the best eslimale of the amounts required to settle the obligation. Where the effect of the lime value of money Is malerlal, the provislon Is based on the present value ol Ihose amounts, discounted al the pre-tax discount rate that reflects the risks specific lo the liability. The unwinding of the dlscount is recognised In the Statement of financial activilies as 8 finance cost. 2.13 Flnanclal Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial Instruments. Basic financial Instrumenls are inilially recognlsed al transaction value and subseguenlly measured at their settlement value with Ihe exception of bank loans which are subsequèntly measured at amortised cost using the effective interest method. 2.14 Penslons The Charfty operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity lo the fund in fèspecl of tho year. 2.15 Fund accountlng General fvnds are unrestricted funds which are available for use al the discretion of the Truslees in lurtherance of the general objeclivos ol the Ch8rily and whlch have not been deslgnaled for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The alm and use of each designated fund is set out in ttie notes to the financial statements. Investment income. gains and losses are allocated to the appropriate fund. Page 14 Vilbti,'S#an41'.vFe lidfjsaciion H¥1 SIIThÉG-6CP>4.IJY7h ?fi?5 11."40.,34 GMI IJ I C.011) 112 P 1 7.?.B Moorcroft Equine Rehabllltatlon Centr• (A company Ilmited by guarantee) Notes to tho financlal slatem•nts For Ihè year ended 30 June 2024 Income frorn donatlons and legacies Unr•$trl¢t•d funds 2024 Total funds 2024 Donatlons 41,211 151,087 4,555 41,211 151.087 4,555 Lègades Government grants - Rural P8yTnenls Agency 196,853 196,853 Unrestricted funds 2023 Total funds 2023 Donations Legacles Government grants - Rural Payments Agency 145,852 12,343 5,606 145,852 12,343 5.606 163.801 163,801 Incomg frorn charltabl• actlvltlo• Unrestrlclod funds 2024 Tot41 funds 2024 Rehabllltation centre VAT adluslment 93,120 13,815 93,120 13.815 106.935 106,935 Unrestricted funds 2023 Total funds 2023 Rehabllitation centre VAT adJu$lment 86,208 (31,126) 86,208 (31.126) 55,082 55,082 Page 15 s￿I￿L-s¢&r￿￿..=jyI￿ PO Ua. ?fi?¥ 11:40 3¢ GNI I 111 I C 4CI U 1:-2 ￿ I8￿.@ Moorcroft Equine Rehabilitation Centre (A company Ilmited by guarantee) Notes to the financlal statements For th• year •nd•d 30 Jun• 2024 Ineom• from oth•r tradlng actlvltl•8 Incom• from fundralslng •venls Unr•$trlct•d funds 2024 Total funds 2024 Other fundraisin9 activities 9,869 9,869 Unr8$trlcted funds 2023 Total funds 2023 Other fundraising aclivilles 10,930 10,930 Inve$tm•nt Income Unr••trlcl•d funds 2024 Totol lunds 2024 Rents received Olher fixed investment income Deposit account and other interest 14.852 1,623 1,040 14,852 1,623 1,040 17,515 17,515 Unrestricted lunds 2023 Total funds 2023 Rents received Other fixed investment incorne Deposit account and other interest 13,684 2,401 445 13,684 2.401 445 16.530 16.530 Page 16 V￿￿&1519nA,.U1e'1 lyliS¥¢I￿Tr Ats., JL4fvKG-6cPKI.￿yi.11 ￿ Mar 2025 11.'40.3é Glthl Ili I C 401 n lrn. P 19n.8 Moorcroft Equlne Rehabllitatlon Centr* (A company limiled by guarantee) Notes to Ihe flnan¢ial stat•m•nts For the year ended 30 June 2024 Analysis of expendltur• on charitable a¢tivltie$ Summary by fund type Unreslrlcted funds 2024 Tot•1 2024 Rehabililatlon ¢entre 250,202 250,202 Unrestricted funds 2023 Total 2023 Rehabililalion centre 215,357 215,357 Analy•ls of •xp•ndltur• by •ctlvlll•s A¢tlvitle$ undertaken diroctly 2024 Support ¢ost$ 2024 Total lundi 2024 Rehabllitstion ¢entre 169,968 80,234 250,202 Activilles undertaken directly 2023 Support costs 2023 Total funds 2023 Rehabililatlon centre 155.953 59,404 215,357 Page 17 '.1S1l4-:ui. I lts'b4Liir. Rp.( S￿l￿G.6C'￿￿.1Jyli. ?¢ lknr 2￿%￿r. I1-.40 i£ G441 jlj I C. +GI I) I:? P ?0126 Moorcroft Equine Rehabilltation Contr• (A ¢ompany limited by guarantee) Nolès to tho financlal statements For the ye•r end•d 30 Jun• 2024 Analysls of expendlture by actlvltles Icontlnuéd) Analysls of dlrect costs Total Total funds lund$ Rehabllltatlon Rehabllltatlon contr• centre 2024 2023 Staff costs Depreolation Animal welfare costs Cenlre running costs {Prollt)Iloss on sale of fixed assets Recoverable VAT 04,319 28,848 47,499 30,513 57.340 27.787 41,595 35.512 (1,990) (4.291) {1,211) 169,968 155,953 Analy81s of support costs Total Total lunds funds Rehabllltallon Rehabililalion centro centre 2024 2023 Govemance costs Loan interest Adminlstration costs Recover8bl8 VAT 19,442 5,417 56,488 11,113 17,997 6,287 39,067 {3.947) 80,234 59,404 Ind•p•nd•nt examln•es remuneratlon The independent examiner's remunerats'on amounts lo an independent examiner fee of £1.250 R023 - £1,250). and accounlancy services 01 £4.950 (2023 - £5,683). Page 18 VinvalSioi12'.vie-114ii$èciion Hel S￿.G-6cPU-0y7.￿. ?.0 202Jf I1'.40-34 GM l- iiJ-rc 4010 IAoor¢roft Equlne Rehabllllation Centre (A company Ilmited by guaranteo) Notes lo thè flnanclal statements For tho yèar èndèd 30 Juno 2024 10. Slaff Costs 2024 2023 Wages and $8larie$ Soclal security costs Contribution to defined contribution p8nsion s¢hèmes 61,203 1,592 1,524 53,510 2,224 1,606 64,319 57.340 The average number of persons employed by the Charity during the year was as follows: 2024 No. 2023 No. Averaoe number of full lime employees Average number of part time employees (used primarily al weekends and lor holiday cover> No employee recelved remuneration amounling lo more than £60,000 In elthèr year. The charity considers ils key management p8rsonnel comprisas the Iruslees and the centre manager. The total employment benefits lo ils key management personnel was £33.825 (2023.. £33.8251. 11. TfUSteo8' r•munorallon and exp•nsos During the year, no Trustees recelved any remuner8tion or other benefits (2023 - £NILI. During the year ended 30 June 2024. no Trustee expenses have been incurred {2023 - £NIL), Page 19 Viflba.Si91181ii.'e liari¥L-liO• >ic.I $8fyIG-iLtstri-iJYtl i ?n Viar ?fi2È 11.40 34 GVI Illl- .,Oi O I,,? P ?212& Moorcroft Equine Rehobilitation Centre (A company Ilmlled by guarantee) Notes to the flnanclal staternents For tho y•ar ended 30 June 2024 12. Tanglbl• flxed a5s•ts Freehold Improvements property to property Plant and machlnary Computer •quipmont Total Cost or voluatlon At 1 July 2023 Addltions Dlsposals Recoverable VAT 772,834 S55,428 900 34,425 11,769 (1,167) (2371 2,809 730 {2,809) 1,365,496 13,399 (3,9761 4,600 4,837 AI 30 June 2024 772,834 561,165 44,790 730 1,379,519 Depreclatlon At l July 2023 Charge for the year On disposals 81,144 3,864 305,032 21.820 14,439 2,970 2,809 194 12,8091 403,424 28,848 (3,9761 At 30 June 2024 85,008 326,852 16,242 194 428,296 Not book valuo At 30 June 2024 687.826 234,313 28,548 536 951.223 AI 30 June 2023 691,690 250,396 19,986 962.072 Page 20 Winua15wailBlUl8'1 raD5*'ciion Rtl SBMC?.SCPII.L)Y7Ii ?0 M•r ?0?.5 11..40.34 C?MT IUI'C. 4011) its. p ?3tt8 Moorcroft Equlne Rehabilltatlon Centre IA company limltèd by guarantee) Noles to Iho Ilnancial statemènts For the year ended 30 Junè 2024 13. Flx•d assot inv•stm•nts Investm•nts In sub$idlary Llsted companl•s Inv••lmonts Total Cost or valuatlon At 1 July 2023 Disposals Revaluations 33,941 (10,0001 1,969 33,942 <10,000) 1,969 At 30 June 2024 25,910 25.911 Net book valu• At 30 June 2024 25,910 25,911 At 30 June 2023 33,941 33,942 Prlnclpal 8ub8ldlarl•s The followlng was a subsidiary undertaklng ol th8 Charlty.. Name Company number R•glster•d offlce or prlnclpal Prlnelpoj a¢tivty plac• of busln•s8 Moor¢roft Tradlng Llmlted 04523822 Hungtingrove Stud, Slinford. To rehabllltate. r Horsham, Wesl Sussex, RH13 Iraln and re-horne ORB former racehorses. Cl•88 of shares Holdlng Ordinary 1 OOQ/• The financlal results of the subsldiary for the year were.. Name Income Expendlture Profltl{Loss I Surplusl (Dèficit) lor the year Net assets Moor¢roft Tradlng Llmiled 76.612 157,396) 19,216 3,217 Page 21 Moor¢roft Equino Rehabilitation Centfe IA company limlted by guarante•) Notes to the financial statèmènts For the year ended 30 June 2024 14. Debtors 2024 2023 Du• wlthln one yoar Amounts owed by group undertakings Other debtors Prepayments and accrued income 306 114,757 3,300 14,043 3.853 118.363 17,896 15. Cr•dltor*: Amount8 falllng du• wlthln one y•ar 2024 2023 Bank loans Other loans Other laxatlon and social securlly Pension fund loan payable Other creditors Arxruals and deferred Income 10,000 165,000 7,879 283 31,688 12,121 10,000 15,000 1,018 283 19,410 12,154 226,971 57,865 2024 2023 Deferred income at l July 2023 Resources deferred during the year Amounts released from previous periods 3,974 2,878 13,974) 3,036 3.974 (3,036> 2,878 3,974 Deferred Income relates to prepaid charges for livery and feed. Page 22 Vints8iSigr.aiuio fra*saGlior. Rel. 5BMfj.6CPh4.DY7H ￿ Mai ?0?5 11.'40* Gmf Iui C +0) 0 I￿. P 25*8 Moor¢roft Equine Rohabilltation Contre (A company limlled ty guarantee) Notes lo th• Ilnanclal statem•nls For tho year •nded 30 Juno 2024 16. Cr•ditor$: Amounts falllng du? aftor morè than onè year 2024 2023 Bank loans Other loans 9,167 450,000 19,167 600.000 4S9.167 619.167 Included withln the above aio amount$ falllng due as follows: 2024 2023 B•twe•n ono and two y•ars Bank loans 9,167 10,000 B•tw••n two and flve y•ars Bank loan$ Other loans 9,167 150,000 Ov•r five y•ars Other loans 450,000 450,000 Other loans of £450,000 are secured by mortgages over the freehold propety. These are repayable upon the sal8 of the property. Page 23 Vifj¥alSi•ty Irans&ciioTr- IlÈl SIIVG-6CS1.4J.-jjVik XJ Ma. ?O?L I1'.40.J4 GMI ILII f 11 26P8 Moorcroft Equlne Rehabilltatlon Cenlre (A company Ilmited by guarantee) Notes to tho flnanclal statoments For the year endod 30 June 2024 17. Stat•mont of fund$ Slalom•nt of fund• - eurr•nt y•ar 8alance at 30 June 2024 Balance al 1 July 2023 Transfers Inlout Galnsl (Losses) Income Exp¢ndlturÈ Unrestricted funds D•slgnaled funds Hunlingrovè Slud Fund 498,1 $5 125,684) 1332 472,139 G•neral lund• General Funds 1142,8SO) 331,172 (227,962 332 1,969 137.339) Total Unrestrlcted fund• 355,305 331,172 (253,6461 1,969 434,800 Page 24 ViplvalS¥ri¥iu(tr Tian5acli¢n Vel. 5BNPG-6¢PM.OYZH ?.0 l¥101 ?025 11".40".34 GMI (UTC 4QI I) 112 P 27r/.e Moorcroft Equlm Rohabilltation Canlre (A ¢ornpany Ilmited by guarante•) Notes to th• finan¢ial statements For the year end•d 30 June 2024 17. Slat•m•nt of funds (¢ontlnued) Statemenl of funds - prlor yaar BalanL* at 30 June 2023 Balance at 1 July 2022 Transfers inlout Gainsl (Losses) Incorne Exp8nditure Unr•strlct•d lund• Doslgnaled lunds Huntin9rove Stud Fund 459,364 (23.3441 62,135 498,155 General funds General Funijs (129.816) 246,343 (195,553) {62,135) (1.689) {142,850) Total Unrnstrlcted funds 329,548 246.343 (218,897) (1,689) 355,305 Desi nated Fund - Huntin rove Slud Farm Funds designated for the purpose of the property Huntlngrove Slud, The fvnds have been fully udllsed and thè balan¢8 carried fornard represents the value of such funds after annual depreciatlon charge and after deductlng secured liabilitie5. 18. Analys18 of n•t a88•18 botw••n funds Analys1$ of net ass•ts b•tw•en funds . ¢urr•ni perlod Unre$trl¢t•d funds 2024 Total funds 2024 Tangible flxed assets Flxed asset investments Current assets Creditors due within one year Credltors due in more than one year 951,223 25,911 143,804 <226,971) (459,167) 951,223 25,911 143.804 (226.971) (459,167) Tolal 434.800 434,800 Page 25 Viflua.'Ssri8'.lJre Ii-ai