| Page | |||
|---|---|---|---|
| Trustees' Annual Report |
|||
| Independent | Examiner's | Report | |
| Statement of | Financial Activities | ||
| Balance Sheet | |||
| Notes to the Accounts |
| for the year ended 31March | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| Notes | E | f | E | E | |
| Income and endowments | |||||
| from: | |||||
| Donations and legacies |
43,725 | 2,000 | 45,725 | 4,290 | |
| Charitable activities |
247,226 | 51,100 | 298,326 | 375,783 | |
| Other trading activities |
4,838 | 7,360 | 12,198 | 8,845 | |
| Other | 45,410 | 45,410 | 1,071 | ||
| Total | 341,199 | 60,460 | 401,659 | 389,989 | |
| Expenditure on: |
|||||
| Raising funds | 1,921 | 1,921 | 6,048 | ||
| Charitable activities |
296,176 | 53,753 | 349,929 | 409,026 | |
| Total | 298,097 | 53,753 | 351,850 | 415,074 | |
| Net gains on investments | |||||
| Net income/(expenditure) | 43,102 | 6,707 | 49,809 | (25,085) | |
| Transfers between funds |
|||||
| Net income/(expenditure) | 43,102 | 6,707 | 49,809 | (25,085) | |
| before other gains/(losses) | |||||
| Other gains and losses | |||||
| Net movement in funds |
43,102 | 6,707 | 49,809 | (25,085) | |
| Reconciliation offunds: |
|||||
| Tata I funds brought forwa rd |
36,261 | 16,967 | 53,228 | 78,313 | |
| Total funds carried forward | 79,363 | 23,674 | 103,037 | 53,228 |
| at 31March 202 | 1 | 1 | 1 | 1 | |||
|---|---|---|---|---|---|---|---|
| Company No. |
03910561 | Notes | 2021 | 2020 | |||
| 6 | 6 | ||||||
| Fixed assets | |||||||
| Tangible assets | 11 | 23,066 | 29,462 | ||||
| 23,066 | 29,462 | ||||||
| Current assets | |||||||
| Stocks | 12 | 215 | 260 | ||||
| Debtors | 13 | 7,600 | 917 | ||||
| Cash at bank and | in hand | 98,934 | 40,201 | ||||
| 106,749 | 41,378 | ||||||
| Creditors: Amount | falling | due within one year | 14 | (26,778) | (17,612) | ||
| Net current assets | 79,971 | 23,766 | |||||
| Total assets less | current | liabilities | 103,037 | 53,228 | |||
| Net assets excluding | pension asset or liability | 103,037 | 53,228 | ||||
| Total net assets | 103,037 | 53,228 | |||||
| The funds ofthe | charity | ||||||
| Restricted funds | 15 | ||||||
| Restricted income |
funds | 23,674 | 16,967 | ||||
| 23,674 | 16,967 | ||||||
| Unrestricted funds |
15 | ||||||
| General funds | 79,363 | 36,261 | |||||
| 79,363 | 36,261 | ||||||
| Reserves | 15 | ||||||
| Total funds | 103,037 | 53,228 |
| January 201S) - (Charities SORP (FRS 102)),the Financial Reporting Standard ap Republic of Ireland (FRS102)and the Companies Act 2006. |
January 201S) - (Charities SORP (FRS 102)),the Financial Reporting Standard ap Republic of Ireland (FRS102)and the Companies Act 2006. |
January 201S) - (Charities SORP (FRS 102)),the Financial Reporting Standard ap Republic of Ireland (FRS102)and the Companies Act 2006. |
pli | cable in the U |
K | an | d | |
|---|---|---|---|---|---|---|---|---|
| Change in basis ofaccounting orto previous accounts |
||||||||
| There has been no change to the accounting policies (valuation rules and method |
ofaccounting) | since | ||||||
| last year and no changes have been made to accounts for previous years. |
||||||||
| Fund accounting | ||||||||
| Unrestricted | funds | These are available for use at the discretion ofthe trustees | in furtherance | of | the | |||
| general objects ofthe charity. | ||||||||
| Designated | funds | These are unrestricted funds earmarked by the trustees |
for particular purposes. |
|||||
| Revaluation | funds | These are unrestricted funds which include a revaluation |
reserve representing | the | ||||
| restatement of investment assets at their market values. |
||||||||
| Restricted funds | These are available for use subject to restrictions imposed |
by the donor or | ||||||
| through terms ofan appeal. |
||||||||
| income | ||||||||
| Recognition | of | income is included in the Statement of Financial Activities |
(SoFA) when the | charity | ||||
| income | becomes entitled to, and virtually certain to receive, the |
income and the | amount | |||||
| ofthe income can be measured with sufficient reliability. |
||||||||
| Income with related | Where income has related expenditure the income and |
related expenditure | is | |||||
| expenditure | reported gross in the SoFA. |
|||||||
| Donations | and | Voluntary income received by way of grants, donations |
and gifts is included | in | the | |||
| legacies | SoFA when receivable and only when the Charity has unconditional entitlement |
|||||||
| to the income. | ||||||||
| Tax reclaims on | Income from tax reclaims is included in the SoFA at the |
same time asthe | ||||||
| donations | and gifts | gift/donation to which it relates. |
||||||
| Donated services and | These are only included in income (with an equivalent amount in expenditure) |
|||||||
| facilities | where the benefit to the Charity is reasonably quantifiable, |
measurable | and | |||||
| material. | ||||||||
| Volunteer | help | The value ofany volunteer help received is not included |
in | the accounts. | ||||
| Investment | income | This is included in the accounts when receivable. |
||||||
| Gains/(losses) on |
This includes any gain or loss resulting from revaluing investments to market |
value | ||||||
| revaluation | offixed | at the end ofthe year. | ||||||
| assets | ||||||||
| Gains/(losses) on |
This includes any gain or loss on the sale of investments. |
|||||||
| investment | assets |
| s to the Acc | ounts | |||
|---|---|---|---|---|
| Expenditure | ||||
| Recognition | of | Expenditure is recognised on an accruals basis. Expenditure |
includes any VAT |
|
| expenditure | which cannot be fully recovered and is reported as part |
of | the expenditure to |
|
| which it relates. |
||||
| Expenditure | on | These comprise the costs associated with attracting voluntary income, fundraising |
||
| raising funds | trading costs and investment management costs. |
|||
| Expenditure | on | These comprise the costs incurred by the Charity in the |
delivery of its activities | |
| charitable activities |
and services in the furtherance of its objects, including |
the | making ofgrants and | |
| governance costs. |
||||
| Grants payable | All grant expenditure is accounted for on an actual paid |
basis plus an accrual for | ||
| grants that have been approved by the trustees at the |
end | ofthe year but not yet | ||
| paid. | ||||
| Governance | costs | These include those costs associated with meeting the |
constitutionaland | |
| statutory requirements ofthe Charity, including any audit/independent |
||||
| examination fees, costs linked to the strategic management |
ofthe Charity, | |||
| together with a share ofother administration costs. |
||||
| Other expen | diture | These are support costs not allocated to a particular activity. |
| 3 Statement of Financial |
Activities - prior year | |||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| funds | funds | Total funds | ||
| 2020 | 2020 | 2020 | ||
| Income and endowments | from: | |||
| Donations and legacies |
4,068 | 222 | 4,290 | |
| Charitable activities |
322,601 | 53,182 | 375,783 | |
| Other trading activities |
8,845 | 8,845 | ||
| Other | 1,071 | 1,071 | ||
| Total | 336,585 | 53,404 | 389,989 | |
| Expenditure on: |
||||
| Raising funds | 5,719 | 329 | 6,048 | |
| Charitable activities |
350,386 | 58,640 | 409,026 | |
| Total | 356,105 | 58,969 | 415,074 | |
| Net income | (19,520) | (5,565) | (25,085) | |
| Net income before other | (19,520) | (5,565) | (25,085) | |
| gains/(losses) | ||||
| Other gains and losses: | ||||
| Net movement in funds |
(19,520) | (5,565) | (25,085) | |
| Reconciliation offunds: | ||||
| Total funds brought forward |
55,781 | 22,532 | 78,313 | |
| Total funds carried forward | 36,261 | 16,967 | 53,228 |
| 4 | Income fro | m donations | and legacies | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| 2021 | 2020 | ||||||
| Catherine | Cookson Trust | 1,000 | 1,000 | ||||
| RW Mann Trust | 1,000 | 1,000 | |||||
| British | |||||||
| Horse | |||||||
| Society | 2,050 | 2,050 | |||||
| Keco Ltd | 1,000 | 1,000 | |||||
| Anonymous | Donation | 5,000 | 5,000 | ||||
| Various Donations | 9,599 | 9,599 | 4,290 | ||||
| Wilson Legacy | 26,076 | 26,076 | |||||
| 43,725 | 2,000 | 45,725 | 4,290 | ||||
| 5 | Income from charitable | activities | |||||
| Unrestricted | Restricted | Total | Total | ||||
| 2021 | 2020 | ||||||
| Grant income | 67,393 | 51,100 | 118,493 | 61,942 | |||
| Equestrian | Income | 157,788 | 157,788 | 293,987 | |||
| Alternative | Provision | 22,045 | 22,045 | 19,854 | |||
| 247,226 | 51,100 | 298,326 | 375,783 | ||||
| 6 | Income from other trading activities | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| 2021 | 2020 | ||||||
| Shop | 2,472 | 2,472 | 6,343 | ||||
| Hire of Facilities | 2,366 | 2,366 | 1,200 | ||||
| Other | 7,360 | 7,360 | 1,302 | ||||
| 4,838 | 7,360 | 12,198 | 8,845 | ||||
| 7 | Other income | ||||||
| Total | Total | ||||||
| 2021 | 2020 | ||||||
| Furlough | |||||||
| Payments | 45,410 | ||||||
| Other | 1,071 | ||||||
| 45,410 | 1,071 |
| 8 | Expenditure | on raising fu | nds | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||||
| 2021 | 2020 | ||||||
| Retail Expenses | 1,921 | 1,921 | 6,048 | ||||
| 1,921 | 1,921 | 6,048 | |||||
| 9 | Expenditure | on charitable | activities | ||||
| Unrestricted | Restricted | Total | Total | ||||
| 2021 | 2020 | ||||||
| Direct Costs | |||||||
| Staff Salaries | 187,650 | 37,400 | 225,050 | 243,785 | |||
| Staff Training | 3,002 | 3,002 | 978 | ||||
| Volunteer Expenses |
1,138 | 6,174 | 7,312 | 16,102 | |||
| Horse Care | 30,786 | 2,853 | 33,639 | 46,123 | |||
| Transport | 3,381 | 165 | 3,546 | 7,399 | |||
| Support Costs | |||||||
| Premises Costs | 49,799 | 6,628 | 56,427 | 48,087 | |||
| Other Staff Costs | 1,203 | ||||||
| Insurance | 15,827 | ||||||
| Office Costs | 1,372 | 285 | 1,657 | 7,705 | |||
| Bank Charges | 316 | 316 | 321 | ||||
| Merchant Charges |
5,155 | 5,155 | 4,671 | ||||
| ITCosts | 626 | 626 | 1,010 | ||||
| Publicity Ik Marketing |
2,187 | 248 | 2,435 | 1,012 | |||
| Professional | Fees | 6,072 | 6,072 | 6,818 | |||
| Depreciation | 3,447 | 3,447 | 5,469 | ||||
| Sundry Costs | 45 | 45 | 836 | ||||
| Governance | costs | ||||||
| Independent | Examiners | Fee | 1,200 | 1,200 | 1,680 | ||
| 296,176 | 53,753 | 349,929 | 409,026 |
| 11 | Tangible fixed assets | |||||||
|---|---|---|---|---|---|---|---|---|
| Horses | Equipment | Computer | Fixtures & | Total | ||||
| Equipment | Fittmgs | |||||||
| Cost or revaluation | ||||||||
| At 1April 2020 | 25,775 | 23,049 | 19,121 | 44,406 | 112,351 | |||
| Disposals | (3,450) | (3,450) | ||||||
| At 31March 2021 | 22 | 25 | 23 49 | 19 121 | 44406 | 108901 | ||
| Depreciation and |
||||||||
| impairment | ||||||||
| At 1April 2020 | 3,962 | 23,049 | 11,472 | 44,406 | 82,889 | |||
| Depreciation charge for the |
1,535 | 1,912 | 3,447 | |||||
| year | ||||||||
| Disposals | (501) | (501) | ||||||
| At 31March 2021 | 4 | 996 | 23049 | 13384 | 44 406 | 85835 | ||
| Net book values | ||||||||
| At 31March 2021 | 17 | 329 | 5737 | 23066 | ||||
| At 31March 2020 | 21 | 613 | 7643 | 29462 | ||||
| 12 | Stocks | |||||||
| 2021 | 2020 | |||||||
| f | f | |||||||
| Finished goods | 215 | 260 | ||||||
| 215 | 260 | |||||||
| 13 | Debtors | |||||||
| 2021 | 2020 | |||||||
| f | f | |||||||
| Trade debtors | 4,427 | 917 | ||||||
| Other debtors | 3,173 | |||||||
| 7 600 | 917 | |||||||
| 14 | Creditors: | |||||||
| amounts falling due within one year |
||||||||
| 2021 | 2020 | |||||||
| f | f | |||||||
| Trade creditors | 3,244 | |||||||
| Other taxes and social | security | 2,031 | 3,423 | |||||
| Other creditors | 16,292 | |||||||
| Accruals and deferred | income | 5,211 | 14,189 | |||||
| 26 77 | 17612 |
| Movement in funds |
||||||
|---|---|---|---|---|---|---|
| Incoming | ||||||
| resources | At 31 | |||||
| Resources | ||||||
| At 1April | (including other |
expended | March 2021 |
|||
| 2p2p | gains/losses) | |||||
| E | ||||||
| Restricted funds: | ||||||
| Restricted income | funds: | |||||
| Big Lottery | 9,000 | (9,000) | ||||
| Blackhouse Trust | 200 | (142) | 58 | |||
| Catherine Cookson |
Trust | 1,000 | (1,000) | |||
| Community Foundation |
4,800 | (4,800) | ||||
| Graham Wylie Foundation |
7,800 | 10,400 | (8,784) | 9,416 | ||
| Joseph Strong Frazer Trust | 3,500 | (3,500) | ||||
| RW Mann Trust | 1,000 | 1,000 | ||||
| Souter Charitable | Trust | 1,200 | 1,200 | |||
| Sport England | 9,167 | 10,000 | (19,167) | |||
| Sir Peter Sullevan | Charitable | Trust | 12,000 | 12,000 | ||
| Total | 16,967 | 53,100 | (46,393) | 23,674 | ||
| Unrestricted funds: |
||||||
| General funds | 36,261 | 341,199 | (298,097) | 79,363 | ||
| Revaluation Reserves: |
||||||
| Total funds | 93228 | 394299 | ~344 490 | 103037 |
| RW Mann Trust Grant towards you Analysis of net assets between funds |
th work salaries and project delivery |
|
|---|---|---|
| Unrestncted | ||
| Total | ||
| funds | ||
| E | E | |
| Fixed assets | 23,066 | 23,066 |
| Net current assets | 79,971 | 79,971 |
| 103037 | ~103 37 |
| At 31 | |||||
|---|---|---|---|---|---|
| At 1April | March | ||||
| 2020 | Cash flows | 2021 | |||
| f | f | f | |||
| Cash and cash equivalents | 40,201 | 58,733 | 98,934 | ||
| 40,201 | 58,733 | 98,934 | |||
| Net debt | 40 291 | 98733 | ~94 | ||
| 18 | Related party disclosures | ||||
| Controlling | party |
| for the year en | ded | 31 | Ma | rch | 2021 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricte | Restricted | ||||||||
| d funds | funds | Total funds | Total funds | ||||||
| 2021 | 2021 | 2021 | 2020 | ||||||
| 6 | E | E | E | ||||||
| Income and endowments | from: | ||||||||
| Donations and |
legacies | 43,725 | 2,000 | 45,725 | 4,290 | ||||
| 43,725 | 2,000 | 45,725 | 4,290 | ||||||
| Charitable activities |
|||||||||
| 247,226 | 51,100 | 298,326 | 375,783 | ||||||
| 247,226 | 51,100 | 298,326 | 375,783 | ||||||
| Other trading | activities | 4,838 | 7,360 | 12,198 | 8,845 | ||||
| 4,838 | 7,360 | 12,198 | 8,845 | ||||||
| Other | |||||||||
| 45,410 | 45,410 | 1,071 | |||||||
| 45,410 | 45,410 | 1,071 | |||||||
| Total income | and endowments | 341,199 | 60,460 | 401,659 | 389,989 | ||||
| Expenditure on: |
|||||||||
| Costs ofother | trading | activities | 1,921 | 1,921 | 6,048 | ||||
| 1,921 | 1,921 | 6,048 | |||||||
| Total ofexpenditure | on | raising | 1,921 | 1,921 | 6,048 | ||||
| funds | |||||||||
| Charitable activities |
|||||||||
| 296,176 | 53,753 | 349,929 | 409,026 | ||||||
| 296,176 | 53,753 | 349,929 | 409,026 | ||||||
| Total ofexpenditure | on | charitable | 296,176 | 53,753 | 349,929 | 409,026 | |||
| activities | |||||||||
| General administrative | costs, | ||||||||
| including depreciation |
and | ||||||||
| amortisation | |||||||||
| Depreciation | ofEquipment | ||||||||
| Depreciation | ofComputer | ||||||||
| Equipment | |||||||||
| Depreciation | of Fixtures | Ik | |||||||
| Fittings Total expenditure |
298,097 | 53,753 | 351,850 | 415,074 | |||||
| Net gains | on | investments | |||||||
| 43,102 | 6,707 | 49,809 | (25,085) | ||||||
| Net income/(expenditure) |
| Net income/(expenditure) other gains/(losses) |
before | 43,102 | 6,707 | 49,809 | (25,085) |
|---|---|---|---|---|---|
| Other Gains | |||||
| Net movement in funds |
43,102 | 6,707 | 49,809 | (25,085) | |
| Reconciliation offunds: |
|||||
| Total funds brought forward |
36,261 | 16,967 | 53,228 | 78,313 | |
| Total funds carried forward | 79,363 | 23,674 | 103,037 | 53,228 |