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2022-03-31-accounts

Pages
Trustees'
Annual
Report
Independent
Examiner's		 Report
Statement of Financial Activities
Summary
Income and Expenditure		 Account
Balance Sheet 10
Statement ofCash flows
Notes to the Accounts 12to 21
Detailed Statement
of Financial Activities		 22to 24

for the year ended 31March 2022
Unrestricted Restricted
funds funds Total funds Total funds
2022 2022 2022 2021
Notes E E f f
Income and endowments
from:
Donations and legacies 1,808 1,808 45,724
Charitable activities 399,238 137,438 536,676 298,326
Other trading activities 11,549 11,549 12,198
Investments 142 142
Other 2,504 2,504 45,410
Total 415,241 137,438 552,679 401,658
Expenditure on:
Raising funds 9 3,122 342 3,464 1,921
Charitable activities 10 242,866 89,775 332,641 266,023
Other 11 102,165 15,605 117,770 83,905
Total 348,153 105,722 453,875 351,849
Net gains on investments
Net income 12 67,088 31,716 98,804 49,809
Transfers between
funds		 43,456 (43,456)
Net income before other
gains/(losses) 110,544 (11,740) 98,804 49,809
Other gains and losses
Net movement
in funds		 110,544 (11,740) 98,804 49,809
Reconciliation offunds:
Total funds brought forward 79,363 23,674 103,037 53,228
Total funds carried forward 189,907 11,934 201,841 103,037
2022 2021
E E
Income 552,537 401,659
Interest and investment income 142
Gross income forthe year 552,679 401,659
Expenditure 444,014 351,850
Depreciation and charges for
impairment offixed assets 9,861
Total expenditure
for the year		 453,875 351,850
Net income before tax for the year 98,804 49,809
Net income for the year 98,804 49,809
Stepney Bank Stables Ltd
Balance Sheet
at 31March 2022		 Stepney Bank Stables Ltd
Balance Sheet
at 31March 2022
Company
No.
03910561		 Notes 2022 2021
6 6
Fixed assets
Intangible
assets		 14 9,382 5,737
Tangible assets 15 71,376 17,329
80,758 23,066
Current assets
Stocks 16 479 215
Debtors 17 970 7,600
Cash at bank and in hand 170,846 98,934
172,295 106,749
Creditors: Amount
falling due within one year		 18 (51,212) (26,778)
Net current assets 121,083 79,971
Total assets less current liabilities 201,841 103,037
Net assets excluding pension asset or liability 201,841 103,037
Total net assets 201,841 103,037
The funds ofthe charity
Restricted funds 19
Restricted income funds 12,263 23,674
12,263 23,674
Unrestricted
funds		 19
General funds 189,578 79,363
189,578 79,363
Reserves 19
Totalfunds 201,841 103,037

2022 2021
6 6
Cash flows from operating activities
Net income per Statement ofFinancial Activities 98,804 49,809
Adjustments
for:
Depreciation
ofproperty,
plant and equipment		 8,352 3,447
Amortisation
of intangible
assets		 1,275
Loss on disposal oftangible
fixed assets		 234
Dividends,
interest and		 rents from investments (2,646) (45,410)
(Increase)/Decrease
in		 stocks (264) 45
Decrease/(Increase)
in		 trade and other receivables 6,630 (6,683)
Increase
in trade and other payables		 12,660 9,166
Net cash provided
by operating activities		 125,045 10,374
Cash flows from investing activities
Proceeds from sales of property,
plant and equipment		 1,500 2,949
Payments
for property,		 plant and equipment (64,133)
Payments
for intangible		 assets (4,920)
Dividends,
interest and		 rents from investments 2,646 45,410
Net cash (used in)/from
investing
activities		 (64,907) 48,359
Net cash from financing activities
Net increase in cash and cash equivalents 60,138 58,733
Cash and cash equivalents atthe beginning ofthe year 98,934 40,201
Cash and cash equivalents atthe end ofthe year 159,072 98,934
Components
ofcash and cash equivalents
Cash and bank balances 170,846 98,934
170,846 98,934

last year and no cha last year and no cha nges have been made to accounts for previous years.
Fund accounting
Unrestdcted funds These are available for use at the discretion ofthe trustees in furtherance ofthe
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
ofinvestment
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 of
the 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 ofgrants, donations		 and gifts is included in the
legacies the 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 as the
donations
and gifts		 gift/donation
to which it relates.
Donated services These are only included
in income (with an equivalent
amount
in		 expenditure)
and facilities where the benefit to the Charity
is reasonably
quantifiable,		 measurable and
material.
Volunteer
help		 The value of any 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 atthe end ofthe year.
assets
Gains/(losses)
on		 This includes
any gain or loss on the sale ofinvestments.
investment
assets

3
Statement of Financial		 Activities -prior year
Unrestricted Restricted
funds funds Total funds
2021 2021 2021
Income and endowments from:
Donations
and legacies		 43,725 2,000 45,725
Charitable
activities		 247,226 51,100 298,326
Other trading activities 4,838 7,360 12,198
Other 45,410 45,410
Total 341,199 60,460 401,659
Expenditure
on:
Raising funds 1,921 1,921
Charitable
activities		 296,176 53,753 349,929
Total 298,097 53,753 351,850
Net income 43,102 6,707 49,809
Net income before other
gains/(losses) 43,102 6,707 49,809
Other gains and losses:
Net movement
in funds		 43,102 6,707 49p809
Reconciliation
offunds:
Total funds brought forward 36,261 16,967 53,228
Total funds carried forward 79,363 23,674 103,037

4 Income fr om donations and legacies
Unrestricted Total Total
2022 2021
Donations 1,808 1,808 45,724
1,808 1„808 45,724
5 Income from charitable activities
Unrestricted Restricted Total Total
2022 2021
Grants &Contracts 399,238 137,438 536,676 298,326
399,238 137,438 536,676 298,326
6 Income from other trading activities
Unrestricted To~el Total
2022 2021
Gift Shop 11,549 11,549 12,198
11,549 11,549 12,198
7 Income from investments
Unrestricted Total Total
2022 2021
Bank interest 142 142
142 142
8 Other income
Unrestricted Total Total
2022 2021
Joh Retention Scheme 2,504 2,504 45,410
2,504 2,504 45,410
9 Expenditure on raising funds
Unrestricted Restdcted Total Total
2022 2021
Fandraising trading costs
3,122 342 3,464 1,921
3,122 342 3,464 1,921

Unrestricted Restricted Total Total
2022 2021
Expenditure on charitable
activities
Staff Costs 172,529 65,771 238,300 196,691
Subcontact Costs 30,575 1,519 32,094 28,359
Horse Costs 39,100 11,932 51,032 33,639
Youth Work fk Other Costs 662 10,553 11,215 7,334
6overnance costs
242,866 89,775 332,641 266,023
11 Other expenditure
Unrestricted Restricted Total Total
2022 2021
Employee costs 4,193 3,069 7,262 2,962
Motor and travel costs 4,056 5,494 9,550 3,588
Premises costs 58,077 3,917 61,994 49,259
Amortisation, depreciation,
impairment, profit/loss on 9,861 9,861 3,447
disposal offixed assets
General administrative costs 17,336 1,412 18,748 14,943
Legal and professional costs 8,642 1,713 10,355 9,706
102,165 15,605 117,770 83,905
12 Net income before transfers
2022 2021
This is stated after charging: 6 6
Depreciation ofowned fixed assets 8,352 1535
Amortisation ofintangible fixed assets 1,275 1,912
13 Staff costs
No employee received emoluments in excess ofE60,000.

14 Intangible
fixed assets
Website
Developmen Total
Cost
At 1April 2021 19,121 19,121
Additions
At 31March 2022		 4,920
24,041		 4,920
24,041
Amortisation
and
impairment
At 1April 2021 13,384 13,384
Amortisation
charge for the
year 1,275 1,275
At 31March 2022 14,659 14,659
Net book values
At 31March 2022
At31March 2021		 9,382
5,737		 9,382
5,737
15 Tangible fixed assets
Horses Equipment Computer
Equipment		 Fixtures &
Fittings		 Total
Cost or revaluation
At 1April 2021 22,325 23,049 44,406 89,780
Additions 20,950 28,000 8,624 6,559 64,133
Disposals
At 31March		 2022 (2,000)
41,275		 51,049 8,624 50,965 (2,000)
151,913
Depreciation and
impairment
At 1April 2021 4,996 23,049 44,406 72,451
Depreciation
year		 charge for the 2,752 5,600 8,352
Disposals (266) (266)
At 31March 2022 7,482 28,649 44,406 80,537
Net book values
At 31March 2022 33,793 22,400 8,624 6,559 71,376
At 31March 2021 17,329 17,329
16 Stocks
2022 2021
6 6
Finished goods 479 215
479 215
Carrying value analysed by activities 2022 2021
6 6
Gift Shop Stock 479 215
479 215
17 Debtors
2022 2021
6 6
Trade debtors 970 4,427
Other debtors 3,173
18 Creditors: 970 7,600
amounts falling due within one year
2022 2021
6 6
Trade creditors 6,453 3,244
Other taxes and social security 4,232 2,031
Other creditors 23,542 16,292
Accruals 16,985 5,211
51,212 26,778

Movement
in fu		 n ds
Incoming
At 1April resources
(including
other		 Resources
expended		 Gross
transfers		 At 31
March
2022
2021 gains/losses)
E
Restricted funds:
Restricted income funds:
Sir Peter Sullavan Charitable
Trust 12,000 (12,000)
Blackhouse Trust 58 (58)
BBCChildren
ln Need		 18,456 (18,456)
Community
Foundation		 6,289 (6,289)
Graham
Wylie Foundation		 9,416 10,400 (7,553) 12,263
Joseph Strong Frater Trust 2,500 (2,500)
RW Mann Trust 1,000 (1,000)
Arnold
Clark		 1,000 (1,000)
Awards for All 8,537 (8,537)
BNI Foundation 960 (960)
Clothworkers 13,000 (13,000)
Edward
Gostlin		 3,942 (3,942)
Emile Faurie Foundation 500 (500)
Garfield Weston 20,000 (20,000)
Groundwork/Tesco 500 (500)
Hadrian
Trust		 1,000 (1,000)
Hospital of God 1,000 (1,000)
NCC Byker Ward 2,238 (2,238)
NE Youth 1,200 (1,200)
RW Gibson 3,000 (3,000)
SirJames Knott 9,350 (9,350)
Street Games UK 18,344 (18,344)
British Equestrian Fed 8,537 (8,537)
British Horse Society 3,000 (3,000)
The Joicey Trust 2,100 (2,100)
The Rothley Trust 900 (900)
The Schofield Trust 685 (685)
Souter Charitable Trust 1,200 (1,200)
Total 23,674 137,438 (105,393) (43,456) 12,263
Unrestricted
funds:
General funds 79,363 415,241 (348,482) 43,456 189,578
Total funds 103,037 552,679 (453,875) 201,841

20 Analysis ofne t assets between funds
Unrestricted
funds Total
E 6
Fixed assets 80,758 80,758
Net current assets 121,083 121,083
201,841 201,841
21 Reconciliation of net debt
At 31
At 1April March
2021 Cash flows 2022
6 6
Cash and cash equivalents 98,934 71,912 170,846
98,934 71,912 170,846
Net debt 98,934 71,912 170,846

Unrest ri cte Restricted
d funds funds Total funds Total funds
2022 2022 2022 2021
E f E f
Income and endowments from:
Donations and legacies
1,808 1,808 45,724
1,808 1,808 45,724
Charitable activities
399,238 137,438 536,676 298,326
399,238 137,438 536,676 298,326
Other trading activities
11,549 11,549 12,198
11,549 11,549 12,198
Investments
142 142
142 142
Other
2,504 2,504 45,410
2,504 2,504 45,410
Total income and endowments 415,241 137,438 552,679 401,658
Expenditure on:
Costs ofother trading activities
3,122 342 3,464 1,921
3,122 342 3,464 1,921
Total ofexpenditure
funds		 on raising 3,122 342 3,464 1,921
Charitable
activities
Staff Costs 172,529 65,771 238,300 196,691
Subcontact Costs 30,575 1,519 32,094 28,359
Horse Costs 39,100 11,932 51,032 33,639
Youth Work &Other Costs 662 10,553 11,215 7,334
242,866 89,775 332,641 266,023
Total ofexpenditure
activities		 on chafftabie 242,866 89,775 332,641 266,023
Employee costs
Staff recruitment 130 130 447
Staff training 2,960 3,069 6,029 1,311
Staff welfare 1,103 1,103 1,204
4,193 3,069 7,262 2,962
Motor and travel costs
Vehicles
—General		 costs 726 28 754 219

Detailed Statement ofFinanci al Activities
Vehicles - Fuel 1,113 1,946 3,059 2,287
Vehicles - Insurance
and licences		 710 165 875
Vehicles - Repairs and
maintenance 1,040 3,355 4,395 1,031
Travel and subsistence 467 467 51
4,056 5,494 9,550 3,588
Premises costs
Rent 7,450 7,450 5,092
Rates 109
Light, heat and power 17,532 17,532 12,666
Premises cleaning 4,519 322 4,841 2,547
Premises
insurances		 14,245 14,245 14,464
Premises repairs and
maintenance 13,890 152 14,042 12,710
Other premises costs 441 3,443 3,884 1,671
58,077 3,917 61,994 49,259
General administrative
costs,
including
depreciation
and
amortisation
Amortisation 1,275 1,275 1,912
Depreciation
ofHorses		 2,752 2,752 1,535
Depreciation
of Equipment		 5,600 5,600
Depreciation
ofComputer
Equipment
Depreciation
ofFixtures &
Fittings
Loss on disposal oftangible
assets		 fixed 234 234
Bank charges 6,885 6,885 5,471
Software,
ITsupport
and related
costs		 1,246 478 1,724 626
Stationery
and printing		 3,161 934 4,095 1,678
Telephone,
fax and broadband		 6,044 6,044 7,168
27,197 1,412 28,609 18,390
Legal and professional
costs
Audit/Independent
examination
fees 1,200 1,200 1,200
Accountancy
and bookkeeping		 785 13 798 661
Consultancy
fees		 1,569 239 1,808 2,434
Other legal and professional
costs		 5,088 1,461 6,549 5,411
8,642 1,713 10,355 9,706
Total ofexpenditure
ofother costs		 102,165 15,605 117,770 83,905
Total expenditure 348,153 105,722 453,875 351,849
Net gains on investments

Net income 67,088 31,716 98,804 49,809
Transfers between
funds		 43,456 (43,456)
Net income before other
gains/(losses) 110,544 (11,740) 98,804 49,809
Other Gains
Net movement
in funds		 110,544 (11,740) 98,804 49,809
Reconciliation offunds:
Total funds brought forward 79,363 23,674 103,037 53,228
Total funds carried forward 189,907 11,934 201,841 103,037