Company Reglstratlon No. 04062415 (England and Wales)
Charity No.. 1085211
Horses and Ponies
Protection Association
Report of the Trustees and
Financial Statements
for the Year ended 31 August 2022
(fy mha
MOORE & SMALLEY

HORSES AND PONIES PROTECTION ASSOCIATION
CONTENTS
Page
Reference and Administrative Details
Report of the Trustees
statement of Trustees Responsibilties
11
Report of the Independent Auditors
12
Stslement of Financial Activities
15
Balance Sheet
16
Statement of cashflows
17
Notes to the Financial Statements
18

HORSES AND PONIES PROTECTION ASSOCIATION
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 AUGUST 2022
Trustees
J Byrnes (Chairl
J M Farley FCA
A Gill
P A Warren
M Lonergan
Company Secretary
S Arthur
Chigf Exgcutive Officer
S Arthur
Registered Office
Taylor Building, Shores Hey Fam)
Blackhouse Lane, off Halifax Road
Briercliffe
Burnley
Lancashire
BB10 3QU
Registered Company Number
04062415 (England and Wales)
Registgrgd Charity Number
1085211
Auditor
MHA Moore and Smalley LLP
Chartered Accounlanls
Richard House
Winckley Square
Preston
PR1 3HP
Bankers
Yorkshire Bank
14 Broadway
Bradford
Wesl Yorkshire
BD1 1EZ
National Westminster Bank
2 Howe Walk
Burnley
Lancashire
BB11 1QD
Investment Advisor
Investec Wealth & Investment Limited
3 Wellington Place
Leeds
LS14AP
Brewin Dolphin Ltd
10 Wellinglon Place
Leeds
LS14AN

HORSES AND PONIES PROTECTION ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2022
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 August 2022 which are also prepared to
meet the requirements for a directors, report and accounts for Companies Act purposes.
The accounts comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of
Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 (effective October 20191.
The full name of the charity is Horses and Ponies Protection Association and is known more generally as HAPPA.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trustees are pleased to present their annual report, they recognise that this financial year is the first complete
year of the Charities sile remaining open without governmenl-imposed closures. As a ￿SUIt, in the year ending
31 August 2022, income from the visitors, centre, fundraising and other events have significantly increased. A
reduced legacy income has resulted in a deficit for the year.
At the date of approving these accounts the Trustees have a reasonable expectation that the Charity will be able
to manage the situation and il has sufficient cash resources to enable it lo meet its liabilities, as they are due, for
al least 12 months from the date of approval. Thus, the Trustees continue lo adopt the going concern basis of
accounting in preparing the financial statements.
Governing document
The Charity is a Limited Company, registration no. 4062415, is governed by ils Memorandum and Articles of
Association revised 4th December 2012 and is registered with the Charity Commission, no. 1085211.
Rocruitment and appointment of trustees
All Trustees are appointed in accordance with article 7 of the Company's Articles of Association. The Trustees
are aware of the necessity to maintain and improve the level of competence in the equine, commercial and
professional areas. The Trustees are also aware of the need to recruit members lo ensure continuity of services
into the future. The application and recruitment process has seen updates in Iileralure regarding the posts and a
thorough selection proTrss put in place, ensuring that applicants with the appropriate specialist skill sets and
personal interests are appointed as Trustees.
A recruitment drive has resulted in four additional trustees completing the onboarding process, all will be up for
9￿PtIon as per the articles of association al the Annual General Meeting, May 2023.
Training and induction of trustees
All Trustees complete an induction process that includes elements on governance and the role of a trustee within
the Organisation. Toining of Trustees is usually informal as the majority are long standing or have been appointed
for their specialist business or equine knowledge.
Management responsibilities
HAPPA'S Board of Trustees convene every three to four months to monitor the affairs of the Organisation and to
set policy and agree expenditure. Board meetings are currently held at the Centre with social distancing and
hygiene measures. The Annual General Meeting is held in May. The Board seek advice on matters such as
finance, insurance, health and safely, human resources, marketing etc to ensure best practi￿ is always followed.
Decision making is made at Board level or delegated, by agreement, to the Chief Officer. Financial expenditure
is decided al Board level although expenditure lo an agreed level can be authorised by the Chief Officer.
Operational Management is largely the responsibility of the Chief Officer who works with the senior management
team lo ensure the Organisation's day-lo-day affairs are managed effectively.

HORSES AND PONIES PROTECTION ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2022
Risks
The Board have identified three main areas of risk that the Organisation is exposed lo.
These are".
The availability of finance lo allow the operations to continue.
Damage to HAPPA'S reputation.
Health and safety of staff and volunteers.
Risk management
HAPPA'S risk management strategy..
Ensures that risk management is a prime consideration within the Organisalion's culture and its approach to
operational aclivilies., ensures that potential risks are identified al the planning stage and a raft of options are
agreed as lo how best lo identify and manage potential risks,. ensures that internal controls are in place lo
effectively manage risks as they arise,. ensures that professional advice is sought and insurance or other
arrangements put in place to manage the impact of unavoidable risks.
ABOUT HAPPA
Founded in 1937 to help fight against the Iransportalion of large horses lo the continent for slaughter, HAPPA
continues to play a major role In all aspects of equine welfare. Instrumental in achieving better protection for
horses with the Riding Eslablishmenls Act, The Ponies Act 1969, The Illegal Tethering Act 1991 and by selling
up the National Equine Welfare Committee 1997, HAPPA continues lo campaign for improvements lo existing
legislation lo ensure that horses, ponies and donkeys are protected from cruelty and neglect.
Charitable objectives
As defined in the governing document, to prevent unnecessary suffering to horses and neglect of their bodily
needs by assisting in the enforcement of laws regarding humane treatrnenl and encouraging and promoting
education in the humane Irealmenl of horses.
The HAPPA Strategy 2021-2026 outlines changes to the mission statement, values, and main beliefs. Our vision
is every equine in our care deserves a second chance in a forever home. Mission is to strive to give a second
chance lo neglected, abused and unwanted equines through rescue, rehabilitation, rehoming, and education.
Adjustments have been made to match our hopes for every equine that comes into the Charity's care. The mission
is the reason we develop other areas of operations to increase charitable income, enabling financial self-
sufficiency and longevity. Education remains a focus due to the importance of every person caring for an equine
possessing the necessary knowledge to meet its welfare needs.
Public benefit
The Trustees have followed the Charity Commissions guidance on Public Benefit in carrying out their activities,
through rescue, rehabilitation, rehoming, and education, as set out below. The activities of the Charity are
available lo all, irrespective of affordability through visiting, memberships., annual memberships are currently fixed
al £20 with reductions for senior members. Supporters are encouraged lo become a Second Chance Sponsor
and support the rehabilitation of a chosen equine. A minimum donation is payable for access lo see the resident
horses, a donation is not payable for members and sponsors.
Rescue
HAPPA'S Equine Inspectors investigate over 300 cases of cruelty and neglect each year, offering advice and
support where possible and preventing cruetty by Intervention and prosecution where necessary. They have a
wide range of expertise on all aspects of equine welfare and are fully conversant with the laws relating lo the
application and implementation of equine legislation within the Animal Welfare Act 2006,. Animals Act 1971,. Horse
Passport Regulations 2009,. Control of Horses Act 2015.

HORSES AND PONIES PROTECTION ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2022
Rehabilitation
HAPPA has a fully equipped Rescue Centre to ensure that all rescued and abandoned animals are restored
lovingly back to health. Our Centre, based in Lancashire has stabling for approximately 50 equines at any one
time with a strong emphasis on rehabilitation and rehoming. We treat each animal as an individual and lake great
care to provide the right environment and care programme for them all. Our Centre team and facilities has been
expanded to deliver more consistent equine care and to offer greater opportunities to all animals al Shores Hey
Farm, further developments have seen the refurbishment of existing out buildings into a new Equine Assessment
Unil enabling the separation of equines returning from loan homes from rescued equines susceptible lo zoonotic
and contagious diseases housed in the Isolation Unil. This facility enables a timely turnaround of low risk HAPPA
horses.
Through careful analysis of equine care resources, lime, and workload the number of equines accommodated al
Shores Hey Farm is now maintained lo be￿een 40 and 45, this has enabled the care team to concentrate solely
on the rehabililalion of fewer allocated equines. As a result, significant improvements are seen in the ability to
rescue and rehome equines.
Rehoming
All suitable equines are placed,. in private homes through our legally binding loan scheme or those with specialist
needs at the HAPPA Rescue Centre. Throughput numbers have decreased this year by 28°￿, reports of cruelty
and neglect from members of the public have increased by 23,10 In comparison to the previous year. Equine
rehabilitation efficiency remains proficient. The average equine stay in centre timeframe has Increased in
comparison lo previous years, this is a concern due lo increases in living costs people may be less likely to commit
to the financial outlay of rehoming a horse from a rescue cenlre. The new Projert Horse Scheme allows equines
al retraining stage lo find homes with compelenl equestrians.
Advice and education
The equine action team are always available lo offer advice and guidance on all aspects of equine welfare. An
online horse care course has been launched, and the educalionsl sessions are now held onsite throughout the
year. The Charity provides a range of free information sheets covering 8 range of equine related topics. An
exciting new online junior member's club will be launched in 2022 to further expand our educational reach.
Online digital platforms and social media content has been tailored to offer advice and educate followers, further
development of the Charity's online presence has resulted in an increase of brand awareness, followers, supporter
demographic and customer engageMenL

HORSES AND PONIES PROTECTION ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2022
OBJECTIVES, ACTIVITIES AND ACHIEVEMENTS
The Charity aims to prevent suffering, cruelty and neglect of equines through rescue, rehabilitation, rehoming and
education11 aims to achieve ils objectives by.-
Maintaining financial security
HAPPA is committed to maintaining financial security, the Charity has invested in the development of the onsite
shop, educational aclivilies, and digital technology. Continuing to invest in marketing of legacies throughout. All
will ensure the Charity's survival in unprecedented limes.
The conference suites have now been ulilised for the expansion of the onsite shop. Within this space income is
generated through sale of new and used equestrian items and farm themed gifts and toys. The shop is directly
related lo the charities core objectives by selling items that enhance the lives of equines. The shop is also a
source of discounted, second hand, equestrian products for members of the public lo purchase that are struggling
financially. Online auctions are generating extra income and an associated ecommerce site is meeting the
demands of a trend in safe online shopping.
The onsite café re-opened in June 2021, alongside reopening a new menu launched with the visiting customer in
mind. Feedback and sales have been promising with further developments to Include evening opening and
seasonal events seen In 2022.
By improving income generation through the development of a robust and current donor database, investment in
legacy marketing initiatives and the development and delivery of comprehensive digital customer engagement
and fundraising strategy the Charity hopes to maintain income at a sustainable level. Greater use of digital and
technology, particularly social media will ensure that the brand is promoted to the widest audience possible, and
that awareness and new income is generated.
Legacy Marketing - Our legacy leaflets and legacy booklets are kept under review and distributed to solicitors and
other interested supporters. The legacy page on the website is ￿gUlartY reviewed and updated. Active on-going
reviews of all administffttion relating lo legacy management will create return.
Donations - Donors can make a secure online donation before visiting the stables and are invited to contribute
towards tangible projects via the Charity s magazines, website appeals and social media campaigns. Donations
are also solicited through press releases highlighting latest rescues and through the introduction of mail shots.
The donor datsbase builds a robust and current contact list, and we now have the infraslruclure in place to
effectively support data capture. Further improvements lo the utilisalion of technology will allow for considerable
growth in electronic marketing.
Horse Sponsorship Scheme-This year a rebrand and relaunch of the Sponsorship Scheme will enable supporters
to sponsor horses under rehabilitation and in addition those equines helping to deliver the HAPPA educational
offering. The new scheme will continue lo enable our supporters lo become part of offering all our rescue horses
a second chance, whether this be in a forever home or assisting in delivering the educational offering al Shores
Hey Farm. All the animals we rescue deserve a Second Chance of happiness,. we work very hard to rehabilitate
every animal admitted to the cenlre. We are anlicipaling a significant increase to current sponsor figures during
the 2022123 financial year. The administration of this scheme also attracts donor retention.
Corporate Sponsorship Scheme- Enables local and Intemalional businesses lo become Involved in our work by
sponsoring the care of a HAPPA horse or a stable block. Corporate Sponsors reTrive regular team updates on
their sponsorship. Businesses are asked to celebrate our success, lo champion when sponsored equines
complete their rehabilitation.
Membership - Supporters are actively encouraged lo 'Join the HAPPA Herd, and become a member", a
membership policy statement is available, and the offering is open lo as many members as possible, provided
they are over eighteen and genuinely motivated by equine welfare. Fees for the offering are staying consistent",
however, the benefits for becoming a member of the Organisation have increased.

HORSES AND PONIES PROTECTION ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2022
Fundraising Practices
The Head of Marketing and Fundraising organises and manages all fundraising events onsite and online. Co-
ordinating the activities of our supporters both on site and outside of the Organisation. The Charity does not use
professional fundraisers or involve commercial participators. The￿ have been no complaints about fundraising
activity this year.
The Organisation has signed up to the Fundraising Regulator's Code of Fundraising Practice, as a result, all the
fundraising guidance and working practices have been updated to ensure compliance. Volunteer fundraisers are
now given a briefing before they raise funds for the Charity and will also be given forms to complete.
To protect vulnerable persons all direct marketing is undertaken by the development team lo ensure that it is not
unreasonably intrusive or persislenl. Contact is made through direct marketing a maximum of three times a year
but usually quartedy. All marketing material contain clear instructions on how a person can be removed from
mailing lists. A complaints pro￿dure is in place to protect persons that feel the Charity has not acted in their best
interests.
Improving the general infrastructure of HAPPA
We are passionate about ensuring that all staff can develop and complete appropriate training. The Organisation
has the required policies and procedures In place to support future development. This Includes embracing new
technologies that will benefit the organisation and further improve staff development systems and opportunities.
Staff training and development - A comprehensive staff induction scheme is in place. Combined with a modern
appraisal system and enhanced opportunities for consultation and commLJnication, staff motivation is high which
will impact positively on staff retention levels. Staff are encouraged to attend internal and external training sessions
e.g., fundraising. legacy workshops and horse management and participate in external meetings and conferences.
Prosecution and PACE training has improved the efficiency and effectiveness of front-line staff and management
toining for those in a more senior role enhanced knowledge and provided for a more informed and united
workforce.
Professional Guidance - The Charity recognises that bespoke professional advice and support is necessary lo
ensure that the Organisalion keeps abreast of changing legislation, manages its financial affairs appropriately and
recruits and retains effective and motivated people. The Charity makes use of qualified consultants as and when
necessary. In line with good practice, the Charity regularly tenders for professional services lo ensure the best
level of support at competitive rates.
Dats Management- The team have worked hard across the Organisation lo ensure that policies and procedures
have been updated and improved to ensure compliance with relation to the General Data Protection Regulation
IGDPRI as a result,. an alternative data management system was sourced in 2019, a data breach reporting
procedure put in place and the allocation of responsibility with regards the proper management of supporter data
and associated administration.
staffing Structure- Remains the same, there are no plans to change the staffing structure moving forwards.

HORSES AND PONIES PROTECTION ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2022
Developlng the HAPPA Brand and developlng publlc approval and awareness
A comprehensive Marketing Strategy is updated annually", in addition, a digital supporter engagement strategy
has been composed to address the reduction of footfall lo sile al the beginning of the year. Publications are
constantly reviewed lo promote organisalional initiatives and keep the brand fresh. The Charity's website has
been redesigned and updated lo address the two clear facets of our Organisation, showcasing the integrity of our
equine welfare work, whilst highlighting our commercial activities and our role as a tourist destination, keeping
our name at the forefront across all areas of our work. We continually review our public interface to help us deliver
a more cohesive and contemporary brand identity that will see all new activities plus our existing core business
being promoted in an exciting and innovab've way. Promotional merchandise is kept under review and improved
where appropriate.
Advertising - Take a slruclured approach lo advertising and aims to continue lo focus on building brand awareness
using hard copy and digital media. By raising brand awareness, the HAPPA Shores Hey Farm brand will become
much familiar, resulting in being attractive lo potential donors.
Corporate Style - The HAPPA logo and The Fussy Filly logo are the recognisable brands associated with our
charitable operations. The closure of the conferencing suites has been a catalyst to dispersing with the previous
multifaceted branding approach.
Pursuing activities that prevent cruelty and suffering to equines.
This is achieved by improving equine accommodation at the Cenlre, by providing guidance to personnel and
members of the public who are involved in assessing equines.
Equine accommodation plus additional Centre facilities - DLJring the year the Charity has continued to maintain
and improve the facilities al the Shores Hey Rescue Centre to a high standard, providing the very best facilities
for equine care and rehabilitation plus a great experience for visitors to the site. In addition, work has been
completed to ￿plaCe paddock fence lines, and a roof has been replaced on three large stables and toilet facilities.
Toining Workshops and educational days are held st Shores Hey Farm to highlight appropriate methods of
safely approaching, controlling, and handling equines, these are currently held onsite. Both employed personnel
and members of the public benefit from these workshops.
Education The educational offering has been developed by way of offering additional adult and child training
days, with the focus of improving standards of equine care in the local community. The introduction of a club for
young people to join and learn about caring for a horse correctly has been welcomed by the local community.
Systems - A complete review and upgrade of existing systems has allowed for the introduction of policies and
protocols to beller manage animals requiring accommodation and those currently in our care.
Improving the HAPPA experience forvoluntegrs. visitors and supporters
Improving visitor facilities at Shores Hey Farm and further developing the volunteer programme..
Visitor facilities- Reception, activities room, arena, onsite play area, education room and secondhand book shop
are open 7 days a week. Shores Hey Farm stable areas and outbuilding are also open," the café is open and is
accepting walk-ins and table reservations.
The Visitor's centr￿ Including the Café is well supported by members of the public. The introduction of a business
hub has encouraged footfall during off peak times. Evening events are fully booked and their popularity continues
to rise.
Volunteer Management- the vital role that volunteers play in delivering HAPPA services and in raising funds has
always been rec￿nISed and resulted In the development of key volunteer roles and volunteer packs for people
that are interested.

HORSES AND PONIES PROTECTION ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2022
Achlevements
During the year the charity has achieved its objectives by attending 247 complaints of cruelly and neglect,
accepting 43 needy equines, and rehoming 29 equines on permanent loan. At the year-end 51 equines were in
residence al the Rescue Cenlre, and 242 equines aceommodaled in homes through our loan scheme.
Shores Hey Farm has seen visitor numbers of 13,000 during the financial year, an increase in comparison to the
year prior. There is an expected increase in the 202212023 financial year Idependanl on any further enforced
government reslriclionsl.
The Charity has been able lo educate 325 members of the public on how to care for horses correctly through the
delivery of horse care courses and experience days al Shores Hey Farm.
FINANCIAL REVIEW
The financial statements sel out on pages 15 10 29 show a nel movement in funds for the year amounting to a
deficit of £354,47612021'. £230,268) and nel assets of £3,402,21712021.' £3,756,693) al 31 August 2022.
The net movement in funds..
Operating deficit
Investment loss
£1230,4161
£1124,0601
Legacies continue to be the core bul volatile source of income for the Charity and the charity is actively working
to increase the awareness of the charity lo members and the public and encourage them lo inclLJde legacies lo
the Charity in their wills. Legacy income in the year has increased from £373,084 10 £556,146, an increase of
£183,062 in comparison to last financial year.
The Charity is dependent upon the services of unpaid volunteers for fundraising and other purposes, the effect of
which cannot be quantified. The Trustees have considered the most appropriate policy for investing funds and
have appointed investment managers to work towards a target return agreed by the Trustees.
RESERVES POLICY
The Trustees have reviewed the reserves of the charity. This review encompassed the nature of the income and
expenditure streams, the need to match variable income with fixed commitments and the nature of the reserves.
The review concluded that lo allow the Charity to continue the current activities a general reserve equivalent to
£2 million should be maintained. This equates lo approximately two years of unrestricted fund expenditure. At the
year end the Charity's general resetve, not already allocated lo building projects nor invested in fixed assets,
amounted lo £1,201,966.
The Trustees consider the current reserves lo be sufficient in light of the measures taken by the Government to
combat the spread of the Corona Virus, the Trustees will continue to monitor the situation going fotward.
LAND AND BUILDINGS
In the opinion of the Trustees there is no significant difference between the market value and the book value of
the Charity's interest in land and buildings.

HORSES AND PONIES PROTECTION ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2022
PLANS FOR FUTURE PERIODS
The Charity has seen an increase of income from fundraising and trading activities this year in Comparison to the
previous financial year due lo Government reslriclions being lifted. The Charity will continue to respond to reports
of equine cruelty and neglect, ensuring high standards of eare for resident equines by following Government
restrictions and guidelines in relation to social distancing and hygiene. Rehoming of equines will continue whilst
restrictions allow it. Equine Ihroughpul has decreased by 280/0, a reduction that the Trustees feel is largely due to
the increases seen in the cost of living.
The Trustees recognise that Govemment imposed Corona Virus and the cosl-of-living crisis will influence income
from immediate and future charitable activities, reserves will be ulilised as and when needed to ensure financial
security. For financial stability investmenlswill be made in the development of onsite and online income generating
activities and advances in digital technol￿y. Alongside this focus has shifted to developing the charities online,
educational and customer experienee offerings.
The situation will be monitored closely by the Board of Trustees,. all will continue lo safely further the Charity's
objectives and activities, as detsiled above.
AUDITORS
MHA Moore and Smalley will be proposed for re-appointment at the forthcoming Annual Geneml Meeting.
This report has beèn prepared in aecordance with the special provisions of Part 15 of the Companies aet 2006
relating lo small companies.
Approved by order of the board of trustees oR.710412023
and signed on its behalf by
P (L
P A Warren- Trustee
-10-

HORSES AND PONIES PROTECTION ASSOCIATION
STATEMENT OF TRUSTEE RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2022
The Iruslees (who are also the directors of Horses and Ponies Protection Association for the purposes of company
lawl ao responsible for preparing the Report of the Trustees and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Genemlly Accepted Accounting
Praclicel.
Company law requires the trustees to prepare financial statements for each financial year which give a true and
fair view of the stsle of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing those
financial ststements, the trustees are required to
Select suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charity SORP 2015 IFRS 1021.,
Make judgements and eslimales that are reasonable and prudent.,
Slate whether applicable accounting standards have been followed, subject lo any material departures
disclosed and explained in the financial stalemenls.
Prepare the financial stslements on the going con￿rn basis unless it is inappropriate to presume that the
charitable company will continue in business
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at
any lime the financial position of the charitable company and lo enable them lo ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
In so far as the Iruslees are aware
There is no relevant audit information of which the charitable company s auditors are unaware", and
The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and to establish that the auditors are aware of that information

HORSES AND PONIES PROTECTION ASSOCIATION
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS
FOR THE YEAR ENDED 31 AUGUST 2022
Oplnlon
We have audited the financial statements of Horses and Ponies Protection Association Ilhe 'charilable company'l
for the year ended 31 August 2022 which comprise the Statement of Financial Activities, Balan￿ Sheet,
Slalement of Cashflows and notes to the financial slalements, including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practicel.
In our opinion the financial statements..
give a true and fair view of the stale of the charitable company's affairs as al 31 August 2022, and of its
incoming resources and application of resources, including its income and expenditure, for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally A¢￿pted Accounting
Practice", and
have been prepared in accordan￿ with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordan
with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit eviden￿ we have obtained is sufficient and appropriate to provide a
basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have Concluded that the trustees, use of the going concem basis of
accounting In the preparation of the financial statements is appropriate.
Based on the work we have perfomed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubl on the charitable company's ability to
continue as a going concern for a period of al least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other infonnation
The trustees are responsible for the other information contained within the Report of the Trustees. The other
information comprises the information included in the trustees, annual report, other than the financial statements
and our auditor's report Ihereon. Our opinion on the financial statements does not cover the other information
and, except to the exlenl otherwise explicitly stated in our report, we do not express any form of assuran
conclusion Ihereon.
In connection with our audit of the financial statements, our responsibility is lo read the other information and, in
doing so, consider whether the other infomialion is materially inconsislenl with the financial statements or our
knowledge obtained in the audit or otherwise appears lo be materially misslaled. If we identify such material
inconsistencies or apparent material misslatemenls, we are required to determine whether there is a material
misslatemenl in the financial statements or a material misstalemenl of the other information. If, based on the work
we have performed, we conclude that there Is a material misstatement of this other infomialion, we are require
to report that fact.
-12-

HORSES AND PONIES PROTECTION ASSOCIATION
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS
FOR THE YEAR ENDED 31 AUGUST 2022
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Iruslees, report lincorporating the directors, report) for the financial year for
which the financial statements are prepared is consislenl with the financial statements., and
the directors, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitsble company and its environment obtained in the
course of the audit, we have not identified material misslalements in the directors, report.
We have nothing lo report in respect of the following matters in relation lo which the Companies Act 2006 requires
us to report lo you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us., or
the financial slalements are not in agreement with the accounting records and returns., or
certain disclosures of directors, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit," or
the Iruslees were not entitled to prepare the financial statements in accordance with the small companies,
regime and take advantage of the small companies, exemptions in preparing the directors, report and
from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement set out on page 11, the trustees (who are also
the directors of the charitable company for the purposes of company lawl are responsible for the preparation of
the financial statements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees determine is necessary lo enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability
to continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going
concern basis of accounting unless the Iruslees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditorfs responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guaffintee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misststemenls can arise
from fffiud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
-13-

HORSES AND PONIES PROTECTION ASSOCIATION
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS
FOR THE YEAR ENDED 31 AUGUST 2022
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, lo detect material misstalemenls in respect of irregularities,
including fraud. The specific procedures for this engagement and the extent to which our procedures are Capable
of delecling irregularities, including fmud is detailed below..
Enquiries with management about any known or suspected instsnces of non-compliance with laws and
regulations.,
Enquires with management about any known or suspected instances of fraud.,
Reviewing minutes of meetings of those charyed with governance.,
Examination of journal entries and other adjustments lo lest for appropriateness and identify any
instan￿S of management override of controls.,
Review of legal and professional expenditure lo identify any evidence of ongoing liligalion or enquiries.
Because of the field in which the client operates we identified that employment law, health and safely legislation
and compliance with the UK Companies Act are the areas most likely to have a material impact on the financial
statements.
Because of the Inherent limitations of an audit, there is a risk that we will not detect all Irregularities, including
those leading to a material misstatement in the financial statements or non•compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions reflected
in the financial statements, as we will be less likely lo become aware of instances of non-compliance. The risk is
also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional
oncealmenl, forgery, collLJsion, omission or misrepresentation
A further description of our responsibilities is available on the Financial Reporting Council's website at".
htt s.Ilwww.frc.or
.uklOur-WorklAudiVAudil-and-assurancelSlandards-and-
uidancelSlandards-and-
uidance-
for-audilorslAuditors-res
onsibilities-for-audiuDescri
tion-of-audilors-res
onsibililies-for-audil.as
This
description forms part of our auditor's report
Use of our report
This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the company's
members those matters we are required lo slate lo them in an auditorfs report and for no other purpose. To the
fullest extent permilled by law, we do not ac￿P1 or assume responsibility lo anyone other than the charitable
company and the charitable company's members as a body, for our audit work, for this report, or for the opinions
we have formed.
Nicola Mason (Senior Statutory Auditorl
for and on behalf of MHA Moore and Smalley
Chartered Accountants
Statutory Auditor
Richard House
9 Winckley Square
Preston
PR1 3HP
0510512023
-14-

HORSES AND PONIES PROTECTION ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expenditure Accounti
FOR THE YEAR ENDED 31 AUGUST 2022
Unrestrictsd Restricted
general
funds
funds
Total
Total
funds
funds
Year ended Year ended
31 August
31 August
2022
2021
Income and endowments from:
Note
tlonalions and legacies
Charitable actiiities
other trading aclimlies
In¥estments
Other
619,247
15,638
273,135
19,848
41,991
65.792
685,039
15,638
273,135
19,848
41,991
486,744
16,637
70,960
22,336
125,010
Totsl income
969,859
65.792
1,035,651
721,687
Expenditure on-
Raising funds
Charitable activities
Equine welfare
250,285
250,285
145,400
970,162
45.620
1,015,782
980,812
Total expenditure
1,220,447
45,620
1,266,067
1,126,212
Nel defiict before movement on in￿lmentS
1250,5881
20.172
1230,4161
1404,5251
Nel gainslllossesl on in*slmenls
1124,0601
1124,0601
174,257
Net incomellèxpenditurel
1374,6481
20.172
1354,4761
1230,2681
Reconciliation of funds
Total ￿ndS brought fOn￿ard
3.756,693
3,756,693
3,986,961
Total funds carried forward
3,382,045
20,172
3,402,217
3,756,693
-15-

HORSES AND PONIES PROTECTION ASSOCIATION
BALANCE SHEET
FOR THE YEAR ENDED 31 AUGUST 2022
Unrestricted
funds
Restricted
funds
Total funds
2022
Total funds
2021
Note
Fixed assets
Intangib￿ assets
Tangible assets
InveslrrEnls
14
15
16
1,359
2,181,418
744,301
2,927.078
1,359
2,181,418
744,301
2,927,078
4,140
2,235,078
1,088,620
3,327,838
Current assets
Stock
Debtors
Cash at bank and in hand
20,042
301,876
175,384
497,302
20,042
301,876
195 556
517,474
15,394
153,077
2￿,659
465,130
17
20,172
20,172
Creditors.. amounts falling due
within one year
18
{42,3351
{42,335)
136,275)
Net current assets
454,%7
20,172
475,139
428,855
Total assets Iv6s current liabilities
3,382,045
20,172
3,402,217
3,756,693
Net assets
3,382,045
20,172
3 402 217
3,756,693
Funds
Unrestricted funds
Restricted Funds
3,382,045
3,382,045
3,756,693
20
3,382,045
20,172
3 402 217
3,756,693
These financial statements have been prepared in accordance with the provisions applicable to companies
subject lo the small companies, regime.
2710412023
The financial ststements were approved by the Board of Trustees on
by..
and were signed on its behalf
P CL
P A Warren- Trustee
Company number.. 04062415 (England and Vvalesl
-16-

HORSES AND PONIES PROTECTION ASSOCIATION
STATEMENT OF CASHFLOWS
FOR THE YEAR ENDED 31 AUGUST 2022
2022
2021
Note
Cash generated (used in}1 generated by in operating actwities
21
317 101
332,036
Cash flovts from investing activities
In￿St￿nI inconE
19,848
22,336
Purchase of fi>Ed assets
124,1091
19,3081
Purchase of In￿St￿ents
123,9801
1236,5561
Proceeds on distM)sal of invest￿￿nts
244,239
327,815
Cash (used inllprovided by investing actNf(ies
215 998
(Decreaselllncrease in cash and cash equivdents in the year
1101,1031
1227,7491
Cash and cash equi￿￿nts at the beginning of the
year
296,659
524,408
Total ￿$h and cash equivalents at the end of
the year
195,556
2*,659
-17-

HORSES AND PONIES PROTECTION ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key sources of eslimalion Un￿rtaInty in the
preparation of the financial slalements are as follows..
Basis of preparing the financial statements
The financial statements of the charitable eompany have been prepared in accordance with 'Accounling
and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102lleffective October 20191- (Charities SORP IFRS 10211, the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Horses and Ponies Protection Association meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical ¢051 or Iransa¢lion value unless otherwise stsled
in the relevant accounting policy note.
The financial stslemenls are presented in sterling which is the functional currency of the charity and
rounded lo the nearest £.
Preparation of the accounts on a going concern basis
The trustees assess whether the use of going concern is appropriate, ie whether there are any material
uncertainties related lo events or conditions that may cast significant doubl on the ability of the
charitable company lo continue as a going conTrrn. The Iruslees make this assessment in respect of a
period of at least one year from the dale of aulhorisalion for issue of the accounts and have concluded
that the academy trust has adequate resources to continue In operational existence for the foreseeable
future and there are no material uncertainties about the academy trust's ability lo continue as a going
Con￿rn. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
Income
All income is recognised in the Statement of Financial Activities once the charity has enlillemenl lo the
funds, it is probable that the income will be received and the amount can be measured reliably. Grant
income is recognised when the charity is entitled to the funds. This Include Income in respect of the
coronavirus job retention scheme and the retail and hospilalily grant.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing
the charity lo that expenditure, it is probable that a transfer of economic benefits will be required in
selllemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on
an accruals basis and has been classified under headings that aggregate all cost related to the category.
Where costs cannot be directly allribuled lo particular headings, they have been allocated to activities on
basis consistent with the use of resources.
Allocation and apportionment of costs
Support costs include ￿ntral functions and have been allocated to charity cost categories on a basis
consislenl with the use of resource, for example, allocating property costs by floor areas, or per capita,
staff costs by the time spent and other costs by their usage.
-18-

HORSES AND PONIES PROTECTION ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
ACCOUNTING POLICIES-continued
Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently
measured at cost less accumulated amortisalion and accumulated impairment losses.
Intangible assets with indefinite useful lives and intangible assets not yel available for use are tested for
impaimienl annually, and whenever there is an indication that the asset may be impaired.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases..
Sofvare
20 /0 p.a. straight line
Tangiblg fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its eslimaled
useful life.
Freehold interest in land and buildings
Stables and equipment
Fixtures and fi'ttings
Motor vehicles
20/0 p.a. straight line
100/0 p.a. on reducing balance
100/0 -300A p.a. on reducing balance
250A p.a. on reducing balance
Stocks
Stocks are valued at the lower cost and net realisable value, after making due allowance for obsolete and
slow moving items.
Taxatlon
The company is a registered charity and to the exlenl that ils income is applied on the specific charitable
objects of the charity is exempt from laxalion. Income receivable in respect of non primary purpose trade
is taxable.
Fund accounting
Unreslricled funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
stalemenls.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the
charitable company's pension scheme are charged to the Statement of Financial Activities in the period
to which they relate.
-19-

HORSES AND PONIES PROTECTION ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
ACCOUNTING POLICIES-continued
Legacles
Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to
them, that where required, probate has been granted, the executor is satisfied the propety in question
will not be required to satisfy claims in the estate, that is probable that the amount will be received by the
charity. and the amount to be received can be estimated with sufficient accuracy, and that any conditions
attached lo the legacy are either wthin the control of the charity or have been meL
Where a payment is received from an estate or is notified as receivable by the executors afterthe reFlOrting
dale and before the accounts are authorised for issue but it is clear that payment had been agreed by
the executor prior to the end of reporting period, then the amount concerned is treated as an adjusting
event and accrued as income in accounting period if receipt is probable.
Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the
payment, details of the legacy are disclosed as a contingent asset until the criteria for the income
recognition are Met. Where a legacy is subject to the interest of a life tenant, the legacy is not recognised
as income until the death of life tenant. Al the year end there are not such amounts.
If it is doubtful that the full settlement of the legacy debtor will be received, the adjuslmenl is made to
reduce the amount of the legacy debtor and legacy income rather than charging the adjustment as
expenditure in the SOFA.
Govomance costs
Governan￿ costs include costs of the preparation and audit of the statutory accounts, the costs of the
trustees meetings and costs of any legal advice lo trustees on governance or conslitulional matters.
Fixed assets
Individual fixed assets costing £500 or more are initially recorded al cost.
Investments
Fixed asset investments are included at market value at the balance sheet dale.
Realised gains and losses on investments are calculated as the difference between sales proceeds and
their market value at the start of the year, or their subsequent cost, and are charged or credited to the
statement of the financial activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited
or charged to the stslement of financial activities based on the Market value year end.
Operating leases
Rental payable under operating lease5 are charged in the statement of financial acb'vities on a straight
line basis over the lease term.
Govemment Grants
Government grants are recognised at the fair value of the asset received or receivable when there is
reasonable assurance that the grant conditions will be mel and the grants will be received.
A grant that specifies performance conditions is reeognised in income when the performance conditions
are mel. Where a grant does not specify performance conditions it is recognised in income when the
proceeds are received or receivable. A grant received before the recognition criteria are satisfied is
recognised as a liability.
-20-

HORSES AND PONIES PROTECTION ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
ACCOUNTING POLICIES-continued
Crltlcal accountlng estlmates and areas of Judgement
Accounting estimates and judgements are continually evaluated and are based on historical experien
and other factors, including expectations of future events that are believed to be reasonable under the
circumstanTrs.
Critical accounting estimated and assumptions
The charity makes estimates and assumptions concerning the future. The resulting accounting estimates
and assumptions will, by definition, seldom equal the related actual results. The eslimales and
assumptions that have a significant risk of causing a material adjustment lo the carrying amounts of assets
and liabilities within the next financial year are discussed below'.-
Useful economic life of tangible fixed assets
The useful economic life of tangible fixed assets is judged al the point of purchase.
Impairment of fixed assets
At each balance sheet dale, management undertake an assessment of the carrying valLJe oftangible fixed
assets to determine whether there Is any Indication that the value has been impaired. Where
necessary, an impairment is recorded as an impairment loss.
DONATIONS AND LEGACIES
Unrestrlcted
general
funds
Totsl
funds
2022
Totsl
funds
2021
Restricted
funds
tlonations and subscriptions
Gift Aid donations including tax reclaim
Legacies and bequests
110,362
1,821
507,064
16,710
127.072
1.821
556.146
104,479
9,181
373,084
49.082
619,247
65,792
685,039
486,744
Income from donations and legacies of £619,247 was unreslricled., £65,792 was reslricled. 12021..
£486,744 unrestricted).
CHARITABLE ACTIVITIES
Unrestricted
Total
Total
general
funds
Rgstrl¢tsd
funds
fund$
2022
funds
2021
Membership fees
Loan scheme
CrDSS agency fees
Educational days
7,685
6,397
1,079
4TT
7.685
6.397
1.079
477
6,793
6,594
3,250
15,638
15.638
16,637
Income from charitable activities for both 2022 and 2021 was unrestricted.
-21-

HORSES AND PONIES PROTECTION ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
OTHER TRADING ACTIVITIES
Unrestricted
Total
Total
general
funds
Restrlcted
funds
funds
2022
funds
2021
Merchandising sales
Visitor centre sales
83,786
178.733
10,616
273,135
83.786
178.733
10.616
273.135
31,717
39,243
Facilities hire
70,960
Income from other trading for both 2022 and 2021 was unreslricled.
INVESTMENT INCOME
Unrestricted
Total
Total
general Restrlcted
funds
funds
funds
2022
funds
2021
Income from listed inlestments
19.457
391
19.457
391
22,331
Interest income
19.848
19.848
22,336
Investment income for both 2022 and 2021 was unrestricted.
OTHER INCOME
Unrastrlcted
general ReStr￿ted
funds
funds
Total
funds
2022
Total
funds
2021
Other Inco￿
41,991
41,991
125,010
41.991
41,991
125,010
Other income for both 2022 and 2021 was unrestricted.
Other income includes £0 12021.. £57,619) in respect of the coronavirus job recovery scheme, Biomass
Rebate of £10,671 12021.£0}, Fundraising income £24,161 and £6,000 12021.. £49,758) retail and
hospilalily grants and other support grants.
-22-

HORSES AND PONIES PROTECTION ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
RAISING FUNDS
Donations and legacies
Unrestricted
general Restricted
funds
funds
Total
funds
2022
Total
funds
2021
Ad)Ertising costs
Trdining costs
Fundraising costs
12,104
10,279
3,832
12.104
10.279
3,832
13,340
4,026
1,991
26,215
26.215
19,357
Other trading actlvltles
Purchases
staff costs
114,051
103,564
114,051
103.564
36,150
81,977
217,615
217,615
118,127
Investment management costs
IniEstment management fees
6,455
6.455
7,916
6,455
6,455
7,916
Total raising funds
250,285
250,285
Costs of raising funds related to unreslricled funds in the current and previous year.
145,400
CHARITABLE ACTIVITIES COSTS
Direct costs Support costs Totals
(See note 91 (See note 101
Equine Weware
981132
34 650 1015 782
The cost of charitable activities related to unrestricted funds in the current and previous year.
-23-

HORSES AND PONIES PROTECTION ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
DIRECT COSTS OF CHARITABLE ACTIVITIES
Unrestricted
general Restrrcted
funds
funds
Total
funds
2022
Total
fund8
2021
Staff costs
Establishmènt costs including insurance
Repairs, Maintenance and repknement
Officè expènsès
Printing, wsting, stats'onery and neWs￿erS
Animal f*stuff. ￿[Inary f&$ and rrisce113neous Costs
)tor expenses
Leg81 and professional fees
Loss on disposal of a&qets
Depreciation
612,369
63.357
67.411
5.987
11.392
60.905
28,971
5.360
421
612,369 618,397
63.357
50,148
84,011
83,433
5.987
5.897
11,392
11,738
89.925
75.122
28,971
21,836
5.360
5,307
421
16,600
29.020
935 $12
981 132 954.086
10
SUPPORT COSTS
Management
Governance
costs
Totals
Equine welfare
20,213
14,437
34,650
Support costs, included in the above, are as follows".
Unre*icted
general Restrlcted
funds
funds
Total
funds
2022
Total
funds
2021
Wages
Social Security
A¢counlan¢y and payroll fees
Bank charges
Auditors. remuneration
Trustee indemnity insurance
11,129
955
5,907
8,129
6,710
1,820
34,650
11,129 10,414
955
701
5,907
5,768
8,129
4,523
6,710
5,700
1,820
13801
34,650 26,726
-24-

HORSES AND PONIES PROTECTION ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
11
NET INCOMEIIEXPENDITUREI
Nel incomellexpenditurel is stsled after chargingllcreditingl
2022
2021
Auditors, remuneration
Depreciation and amortisation - owned assets
Operating lease rentals
Loss on disposal of fixed assets
6,710
79,339
586
421
5,700
82,208
3,139
12
TRUSTEES. REMUNERATION AND BENEFITS
Trustees, expenses
No Iruslees received nor waived any remuneration during the year and no trustees had any expenses
reimbursed during the current and prior year.
Trustees indemnity insurance amounted to £1,82012021'. £8781. Donations of £100 were received from
trustees in the year.
13
STAFF COSTS
2022
2021
Wages and salaries
Social security costs
Other pension costs
672,509
43,479
11,453
656,898
43,156
11,435
727,441
711,489
No employees received emoluments in excess of £60,000
Remuneration of Key Management Personnel which relates to the Chief Executive Officer was £55,300
12020. £53,162).
The number of employees during the year was..
2022
2021
Administration
Animal welfare
Visitor centre
13
21
10
10
25
42
-25-

HORSES AND PONIES PROTECTION ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
14
INTANGIBLE FIXED ASSETS
Computer
Software
Total
C08t or valuation
At 1 September 2021
Additions
Disposals
At 31 August 2022
13,904
13.904
13,904
13.904
Depreciation
At 1 September 2021
Charge in the year
Elimin8ted on disKM)sal
At 31 August 2022
9,764
2,781
9,764
2,781
12,545
12,545
Net book value
At 31 August 2022
1,359
1,359
At 1 September 2021
4,140
4, 140
15
TANGIBLE FIXED ASSETS
Freehold Stables and Fixtures and
premises
equipment
ffttings
Motor
vehicles
Total
Cost or valuatlon
At 1 Seplewtsr 2021
Additions
DisposaL
At 31 August 2022
2.477,388
14,267
464,573
4.093
148.246
5,749
2,535
113.655
3.203.862
24,109
2 491 655
468 666
113655
3 225 436
Depreciation
At 1 Seplerr*Er 2021
Charge in the year
Elminated on disposal
At 31 August 2022
500,146
47,514
301,623
16,704
69,573
8,288
97,441
4,052
968.783
76.558
318 327
101 493
Net book value
At 31 August 2022
1 943 995
150 339
2 181 418
At 1 Seplen*er 2021
1,977,242
162 950
78,673
16,214
2 235 079
-26-

HORSES AND PONIES PROTECTION ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
16
FIXED ASSET INVESTMENTS
At 1 September 2021
Additions
Disposa
Revaluations
At August 2022
1,088,620
23,980
{244,2391
124 060
744,301
Llsted Investments
Investments having a martfet value of £744,301 12021 £1,088,620) are listed on a recognised stock
exchange.
17
DEBTORS . AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
2021
Other debtors
PrepaynEnts and accrued income
1,788
300,855
3,762
149,315
153 077
18
CREDITORS .. AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
2021
Trade creditors
Ta>3ts'on and social security
Other credit(Irs
13,728
13.127
16,247
11,813
9,998
14,464
36,275
19
OPERATING LEASE COMMITMENTS
The following operating lease payments are committed to be paid..
2022
2021
Wilhin one year
Bthen one and fi￿ years
586
2,489
-27-

HORSES AND PONIES PROTECTION ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
20
MOVEMENT IN FUNDS
At 1 September Incoming Outgoing
2021 resources resources
Transfers and At 31 August
other gains
2022
Unrestricted funds
(kneral funds
FixEd asset funds
1,517,475 969,859 11,140,687)
2,239,218
179,7601
1147,3791
23,319
1,199,268
2,182,777
Restricted funds
Donations
Legacies
16,710
49.082
116,6201
129.0001
90
20,082
Total funds
3,756,693 1,035,651
1,266,067
124,060
3,402,217
At 1 September Incoming Outgoing
2020 resources resources
Transfers and At 31 August
other gains
2021
Unrestricted funds
neral funds
Fixed asset funds
1,674,846 721,687 11,044,004)
2,312,115
182,2081
164,949
9,308
1,517,478
2,239.215
Restricted funds
Donations
Total funds
3,986,961 721,687
1,126,212
174,257
3,756,693
21
RECONCILIATION OF NET MOVEMENT IN FUNDS TO CASH FLOW FROM
OPERATING ACTIVITIES
Totsl
Totsl
funds
2022
funds
2021
Net M0￿ment in fvnds
1354,476) (230,268)
79,339
82,205
1.212
119.848)
{22,336)
14,649)
(2,775)
1148.799)
19,055
6.060
13,660)
124.060
(174,257)
1317,101) (332,036)
Depreciation
Lossl{Surplus) on disposal
Diiidend income shown in inlesting actiifities
Decreasel{increase in stock)
Decreasel{increase in debtors)
Increaselldecrease in creditors)
Gainslllossesl on in￿stment assets
Net cash generated byl(usedl in operating actiiAties
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HORSES AND PONIES PROTECTION ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
22
PENSION COMMITMENTS
The charity operates a defined contribution pension scheme. The pension cost charge for the year
represents contributions payable by the charity to the scheme and amounted £11,45312021'. £11,435).
There were no outstanding or prepaid contributions al either the beginning or end of the financial year.
23
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022 except those as disclosed
in note 12 to the accounts.
Controlling entity
The charity is under the control of the Iruslees
24
CONTINGENT ASSETS
The Charity uses a service which gives notification that il is included in a will. The Charity tracks any
legacies that il is notified of bul does not recognise them in the accounts until they are entitled to them,
receipt is probable and a value can be attributed to them. As such the Charity has conlingenl assets that
it cannot currently quantify.
25
MEMBERS, LIABILITY
The Charity is a private company limited by guarantee and consequently does not have share capital.
Each of the members is liable lo contribute an amount not exceeding £10 towards the assets of the charity
in the event of liquidation.
-29-