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|---|---|---|---|---|---|
|Charity reference and administrative|||details|||
|Trustees'
annual
report|(including|the|directors'|report)||
|Independent
Examiner's|report to|the|trustees|||
|Statement offinancial
activities||||||
|Balance sheet||||||
|Statement ofcashflowe||||||
|Notes to the accounts|||||12|
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|Registered|Registered|Registered|charity|name||The British Thoroughbred|Retraining|Centre Limited|
|---|---|---|---|---|---|---|---|---|
|Charity|registration|||number||1089564|||
|Company||number||||04104341|||
|Principal||and registered|||office address|Whinney
Hill|||
|||||||Aughton
Road|||
|||||||Halton|||
|||||||Lancashire|||
|||||||LA2 6PQ|||
|Trustees||||||Ms B Bell|||
|||||||Mr M Davis|||
|||||||Ms M Metz|||
|||||||Mrs SScott|||
|||||||Mr J Sexton|||
|||||||Mr KThomas|||
|||||||Mr P Woodcock-Jones|||
|Independent|||Examiner|||MHA Moore and Smalley|||
|||||||Chartered
Accountants|||
|||||||Priory Close|||
|||||||St Mary's Gate|||
|||||||Lancaster|||
|||||||Lancashire|||
|||||||LA1 1XB|||
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|FOR THE YEAR E|NDED 31|DECEMBER|2021||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|2021|2020|
|Income from:|||||||
|Donations,
legacies|and grants||303,607|16,294|319,901|493,791|
|Iniestments|||88||88|124|
|Chadtable
actigties|||47,211||47,211|36,367|
|Total|||350,906|16,294|367,200|530,282|
|Expenditure
on:|||||||
|Raising funds|||6,397||6,397|3,614|
|Charitable
activities|||480,515|32,209|512,724|479,289|
|Tots I|||486,912|32,209|519,121|482,903|
|Net (expenditure)/income||before|||||
|transfers|||(136,006)|(15,915)|(151,921)|47,379|
|Transfer between
funds|||12,449|(12,449)|||
|Net movement
in|funds||(123,557)|(28,364)|(151,921)|47,379|
|Reconciliation
offunds:|||||||
|Total funds
brought|forward||868,238|71,192|939,430|892,051|
|Total funds carried forward|||744,681|42,828|787,509|939,430|
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|AS AT 31 DECEM|B|ER 2021||||||
|---|---|---|---|---|---|---|---|
|||||2021||2020||
|Fixed assets||||||||
|Tangible assets|||12||1,129,212||1,122,831|
|Current assets||||||||
|Stock|||13|1,500||1,500||
|Debtors|||14|7,520||18,104||
|Cash at bank and|in|hand||68,819||83,995||
|||||77,839||103,599||
|Creditors:
amounts||falling due within||||||
|one year|||15|(180,080)||(29,290)||
|Net current assets|||||(102,241)||74,309|
|Total assets less|current liabilities||||1,026,971||1,197,140|
|Creditors: amounts||falling due atter||||||
|more than one year|||||(239,462)||(257,710)|
|Net assets|||||787,509||939,430|
|Funds:||||||||
|Restdicted
funds|||19||42,828||71,192|
|Unrestricted
funds|||20||744,681||868,238|
|Total funds|||||787,509||939,430|
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||||2021|2020|
|---|---|---|---|---|
||||8|f|
|Cash generated
in operating
activities|||(1,938)|38,475|
|Cashflows
from investing
activities|||||
|investment
income|||88|124|
|Purchase oftangible
fixed assets|||(13,326)||
|Cash provided
by/(used
in) investing
activities|||(15,176)|38,599|
|Increase/(Decrease)
in cash and|cash equivalents|in the|||
|year|||(15,176)|38,599|
|Cash and cash equivalents
brought|forward||83,995|45,396|
|Cash and cash equivalents
carried forward|||68,819|83,995|
|Reconciliation
ofnet movement|in funds to net cashflow||from operating|activities|
|Net movement
in funds|||(151,921)|47,379|
|investment
income received|||(88)|(124)|
|Depreciation
and amortisation|||6,945|8,940|
|(Increase)/Decrease
in debtors|||10,584|(2,474)|
|Increase/(Decrease)
in creditors|||132,542|(15,246)|
|Net cash generated
in operating|activities||(1,938)|38,475|
|Components
ofcash and cash equivalents|||||
|Cash at bank and in hand|||68,819|83,995|
||||68,819|83,995|
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|Land and|building|Not depreciated/4%
straight|line on buildings|
|---|---|---|---|
|Property|improvements|Not depreciated/4%
straight|line on buildings|
|Plant and|equipment|20% reducing
balance||
|Motor vehicles||25% reducing
balance||
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|||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|2021|2020|
|||||||E|E|E|f|
|Donations,||legacies and|||grants|||||
|Donations||||||142,390|1,549|143,939|167,580|
|Gift Aid||||||18,761||18,761|13,266|
|Legacies receivable||||||25,200||25,200|38,791|
|||||||186,351|1,549|187,900|219,637|
|Grants receivable|||for core activities|||||||
|Retraining|ofRacehorses|||(ROR)|||14,745|14,745|40,000|
|Codd-19 Emergency|||Grant||(RF)|105,000||105&000|208,181|
|Coronadrus||Job Retention|||Scheme (CJRS)|12,256||12,256|17,085|
|Other grants||receivable|||||||5,888|
|Other income|||||||||3,000|
|||||||303,607|16,294|319,901|493,791|
|Total 2020||||||437,903|55,888|493,791||
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||||Unrestricted|Restricted|Tots I|Total|
|---|---|---|---|---|---|---|
||||funds
E|funds
f|2021
E|2020f|
|Bank|interest|receivable|88||88|124|
||||88||88|124|
|Total|2020||124||124||
##
|||Unre stricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|2021|2020|
|||8|6|8|F|
|Fundraising||20,028||20,028|11,058|
|Sale ofmerchandise||2,125||2,125|1,310|
|Rent from land||6,300||6,300|6,300|
|Compensation|and easements|538||538|537|
|Single farm payment||15,939||15,939|16,639|
|Other income||2,281||2,281|523|
|||47,211||47,211|36,367|
|Total 2020||36,367||36,367||
||||Unrestricted|Restricted|Tote I|Total|
|---|---|---|---|---|---|---|
||||funds|funds|2021|2020|
||||6|5|6|f|
|Fundraising|and marketing|costs|6,397||6,397|3,614|
||||6,397||6,397|3,614|
|Total 2020|||3,514||3,614||
##
|||Tots I|Total|
|---|---|---|---|
|||2021|2020|
|Care ofThoroughbreds||161,002|143,452|
|Depreciation||6,945|8,940|
|Staffcosts||179,118|165,086|
|||347,065|317,478|
|Support costs (note 8)||163,159|159,310|
|Governance|costs (note 8)|2,500|2,500|
|||512,724|479,288|
|Analysis
by|fund|||
|Unrestricted|funds|480,515|434,740|
|Restricted
funds||32,209|44,548|
|||512,724|479,288|
##
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||Support|Governance|Total|Total|
|---|---|---|---|---|
||coals|coals|2021|2020|
|Staif costs|102,058||102,058|101,558|
|Premises|11,224||11,224|10,794|
|Legal and professional|1,578||1,578|1,028|
|Finance costs|5,424||5,424|7,517|
|Office costs|8,427||8,427|6,434|
|Repairs|8,092||8,092|8,140|
|Insurance|10,563||10,563|9,861|
|Motor|13,028||13,028|11,659|
|Licences|2,163||2,163|1,344|
|Subscriptions|602||602|976|
|Accountancy||2,500|2,500|2,500|
||163,159|2,500|165,659|161,811|
##
|Net income/e|xpenditure||||
|---|---|---|---|---|
||||2021|2020|
|Net income|isstated|after charging:|||
|Staff pension|contributions||4,501|4,093|
|Independent|Examiner's|fees|2,500|3,000|
|Depreciation|oftangible|assets|||
|-owned
by|the charity||6,945|8,940|
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|Total staff costs were as|Total staff costs were as|Total staff costs were as|follows:|||2021f|2020
E|
|---|---|---|---|---|---|---|---|
|Wages and|salaries|||||264,633|251,701|
|Social security||costs||||12,042|10,850|
|Pension costs||||||4,501|4,093|
|||||||281,176|266,644|
|||||||2021|2020|
|||||||No|No|
|Administratiu.||staff||||2|2|
|Stable staff||||||16|15|
|||||||18|17|
|The number|of|employees|whose annual|remuneration|was 560,000 or|||
|more were;||||||2021|2020|
|||||||No|No|
|560,000 - 569,999||||||||
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|Tangible fixed assets||||
|---|---|---|---|
||Freehold|Plant &||
||Property
5|equipment
f|TotsIs
5|
|Cost||||
|At 1 January
2021|1,444,886|94,810|1,539,696|
|Additions|13,326||13,326|
|Disposals||||
|At 31 December 2021|1,458,212|94,810|1,553,022|
|At 1 January
2021|345,457|71,408|416,865|
|Charge for the year|1,274|5,671|6,945|
|Eliminated
on disposal||||
|At 31 December 2021|346,731|77,079|423,810|
|Net book value||||
|At 31 December 2021|1,111,481|17,731|1,129,212|
|At 31 December 2020|1,099,429|23,402|1,122,831|
##
|2021|2020|
|---|---|
|5|5|
|1,500|1,500|
|1,500|1,500|
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||2021|2020|
|---|---|---|
||6||
|Trade debtors|808|160|
|VAT|2,726|13,788|
|GiR aid recoverable|3,695|2,156|
|Prepayments||2,000|
|Other debtors|291||
||7,520|18,104|
##
||||Note|2021f|2020
5|
|---|---|---|---|---|---|
|Bank loans||||18,442|18,636|
|Other taxation|and|social security||3,985|3,973|
|Trade creditors||||3,135|1,473|
|Other creditors||||976|2,139|
|RoR loan||||50,000||
|Racing Foundation||loan||100,000||
|Accruals||||3,542|3,069|
|||||180,080|29,290|
##
|||Note|2021|2020|
|---|---|---|---|---|
||||6|6|
|Bank|loans|17|239,462|257,710|
||||239,462|257,710|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||6|6|
|Bank loans|||||257&904|276,346|
|Payable|within one|year|||18,442|18,636|
|Payable|atter more|than one year|||239,462|257,710|
|Amounts|included|above which|fall due atter more than|five years:|||
|Payable|by instalments||||160,909|180,292|
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|||||At 1||||At 31|
|---|---|---|---|---|---|---|---|---|
|||||January||||December|
|||||2021
8|Income
f|Expenditure
6|Transfers
6|2021
5|
|Horsewalker||||2,538|||(508)|2,030|
|Project Grant|||||||||
|Ride for Retraining||||7,870|||(7,870)||
|Racing Foundation|Capital||Grant|13,476|||(3,369)|10,107|
|EPT Grant for Lunge Pen|||||||||
|Petplan
Grant for Horse Trailer||||3,318|||(702)|2,616|
|Thompson
family trust||||41,382||(16,841)||24,541|
|Hedging
grant||||1,124||||1,124|
|Jockey Club: Christmas||card||1,484||(490)||994|
|sponsorship|||||||||
|Retraining
ofRacehorses|||||14,745|(14,745)|||
|Over reach boots appeal|||||307|(133)||174|
|D Canning
memorial|fund||||1,142|||1,142|
|lain Milne|||||100|||100|
|Restricted income|funds|||71,192|16,294|(32,209)|(12,449)|42,828|
|Restricted funds:|prior|year|||||||
|||||At 1||||At 31|
|||||January||||December|
|||||2020
6|Income
f|Expenditure
f|Transfers
f|2020
5|
|Horsewalker||||3,173||(635)||2,538|
|Project Grant||||2,627||(2,627)|||
|Ride for Retraining||||10,059||(2,189)||7,870|
|Racing Foundation|Capital||Grant|17,968||(4,492)||13,476|
|EPT Grant for Lunge Pen||||20,000||(20,000)|||
|Petplan
Grant for Horse Trailer||||4,253||(935)||3,318|
|Thompson
family trust|||||50,000|(8,618)||41,382|
|Hedging
grant|||||5,888|(4,764)||1,124|
|Jockey Club: Christmas||card||1,772||(288)||1,484|
|sponsorship|||||||||
|Restricted income|funds|||59,852|55,888|(44,548)||71,192|
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||||At 1||||At 31|
|---|---|---|---|---|---|---|---|
||||January||||December|
||||2021|Income|Expenditure|Transfers|2021|
||||6|6|6|6|6|
|General|Funds||868,238|350,906|(486,912)|12,449|744,681|
|Unrestricted||funds|868,238|350,906|(486,912)|12,449|744,681|
##
||||At 1||||At 31|
|---|---|---|---|---|---|---|---|
||||January||||December|
||||2020|Income|Expenditure|Transfers|2020|
||||6|8|6||6|
|General|Funds||832,199|474,394|(438,355)|-|868,238|
|Unrestricted||funds|832,199|474,394|(438,355)||868,238|
||Tangible|Net current|Long term||
|---|---|---|---|---|
||fixed assets
8|assets
8|liabilities
f|Tots If|
|Restricted
Funds|15,261|27,567||42,828|
|General
Funds|1,113,951|(29,808)|(339,462)|744,681|
|Total funds|1,129,212|(2,241)|(339,462)|787,509|
|Analysis||of net assets between|funds: prior year||||
|---|---|---|---|---|---|---|
||||Tangible|Net current|Long term||
||||fixed assets|assets|liabilities|Tots I|
||||6||6|5|
|Restricted||Income Funds|19,332|51,860||71,192|
|General|Funds||1,103,499|22,449|(257,710)|868,238|
|Total funds|||1,122,831|74,309|(257,710)|939,430|
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||||2021|2020|
|---|---|---|---|---|
||||6|f|
|Amounts||payable:|||
|Within|1|year|4,372|480|
|Between||1 and 5 years||4,198|
||||4,372|4,678|
##
|Remuneration|Remuneration|of Key management|personnel||||
|---|---|---|---|---|---|---|
|The remuneration||ofkey management|personnel|is as follows:|||
||||||2021|2020|
||||||6|6|
|Aggregate|compensation||||96,948|92,669|
||||||96,948|92,669|
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