||||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|