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2024-04-30-accounts

Charity Number 1093364

Charity Number 1093364
Company Number 14488057
The Shetland Pony Welfare
Trust Report and Accounts
For the Year ended
3oth April 2024
The Shetland Pony Welfare Tru~~st~~
Report and Accounts
For the year ended 3oth April 2024
Contents Page
Trust Information 1
Directors/Trustees Report 2-5
Review of financial Activities 6
Statement of Trustees Responsibilities 7
Independent Examiners report 8
Detailed Financial statement 9
Balance Sheet 10-11
Notes to the Accounts 12-14

The Shetland Pony Welfare Trust Information for the Year Ended 30th April 2024

Charity Number 1093364 (England & Wales)

Company Number 14488057 Trustees/Directors Kathryn Sullivan Elizabeth Mary Kaye Smith Verena Waddington Amanda Fryatt Belinda Greenwood Clark Registered Office 21 Church Close Abington Cambridge Cb216BH Business Address The Shetland Pony Welfare Trust Bancroft Park Farm Church Lane Abington Cambridge CB216BQ Independent Examiner. Premium Accounting Premium House 80 New Road Ascot SL5 8QQ Bank ...CAF Bank

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The Shetland Pony Welfare Trust

Directors and Trustees Annual Report

For the Year ended 30th April 2024

The directors and Trustees submit their Annual Report and Accounts for the period ended 30th April 2024, which have been prepared in accordance with the Financial Reporting standard (SORP)FRS 102 (effective January 2015) and the Charities Act 2011

Structure Governance and Management

Incorporation

The Company was incorporated on the 16th of November 2022. The Charities' legal status is that of a Company Limited by guarantee and is governed by the company's Article of Association. Directors and Trustees, The Trustees who are directors for the purpose of company law and the Trustees for the purpose of Charity law who served during the period are

Kathryn Sullivan

Elizabeth Mary Kaye Smith

Verena Waddington

Amanda Fryatt

Belinda Greenwood Clark

Trustees are appointed and de-selected as per the rules stated in the Articles of Association. Members of the Charitable Company guarantee to contribute an amount not exceeding £1 to the Charitable Company in the event of winding up. The total number of such guarantees at the 30th of April 2024 was Two Risk Management the Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error Objections and aims Obligations and Activities The objectives of the Charity are to relieve the suffering of Shetland and Shetland type ponies and other breeds of Equine. Rescue and rehabilitation of Shetland Ponies and their sometimes much larger companions.

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The Shetland Pony Welfare Trust Trustees Annual Report 1st May 2023-30th April 2024

Structure and Management

The Shetland Pony Welfare Trust is a Registered Charity and was founded in 2002.

The Charity was incorporated on the 16th of November 2022 and is registered with the Charity Commission and companies House. The Charity is managed by a group of Trustees who are appointed by existing Trustees

The Shetland Pony Welfare Trust has no paid employees and is run by volunteers. Most come regularly, offering hands-on assistance with the ponies. Others help with administration tasks or maintenance of the site. Volunteers are the life blood of small charities, and the Trustees wish to record their thanks for the hard work and dedication. and commitment of all our volunteers

The Charity has the required safeguarding policies in place to ensure volunteers, supporters and members of the public are protected .

Objectives and activities

The Charitable objective of the Charity is for the benefit of the public. to relive the suffering of Shetland Ponies and their sometimes much larger companions and to provide a rescue home or other facilities for the reception care and treatment of such ponies .In the last year we have cared for 35 ponies of which 7 are new arrivals and 9 have been re-homed via our adoption program. All have been provided with suitable grazing and additional feed, hay and supplements as required. All receive regular veterinary treatment some have chronic conditions and special management needs. Some of the ponies are unable to be re homed due to age or previous health issues and these ponies remain as long-term residents at the sanctuary. Stables, field shelters and grazing with some individual turnout areas for ponies that have special management requirements are all available. We have also set up a track system around the site for our lamanitic ponies. We also have set up walkways and a picnic area for our visitors. Ponies are checked and handled daily

We are contacted regularly by members of the public reporting ponies in need or requesting assistance with their own ponies due to personal circumstances such as financial, health or bereavement. In trying to prioritize the most in need the Trustees have regard for the guidance issued by the charity commission on public benefit Ponies that are found to have suitable physical and behavioral conditions we seek long term foster homes which are checked both before and after placement 3

We also manage our own Horse and Pony Online re homing database where owners and re homers can connect with each other. Public benefit In planning the activities for the year, the Trustees have kept in mind the Charity Commission guidance on public benefit. Achievement and Performance The Charity has had a successful year with the rescue and rehoming of ponies in need. In spring 2023 most of the ponies were fostered out on a temporary basis to enable us to undertake renovation and rebuilding work at the sanctuary due to flooding and storms. The ponies returned to the sanctuary in September. The Charity has the use of a total of 30 acres plus stables which are leased at a nominal rent and is also in the process of taking on additional rented land which will enable us to offer more placements to ponies in need. Due to the cost-of-living crisis we have handled more inquiries from members of the public via our website seeking advice or assistance. As we move into our 22nd year as a Registered Charity we reflect on how things have evolved since our original charity objects were written. At that time the emphasis was very much on rescuing ponies now its ponies and people.

It appears that the people side of things has grown immensely. Society is facing many challenges particularly since the pandemic. Wellbeing has become a vital part of everyday living and survival Our aim is to expand our work into this area. We have recently set up the Shetland Pony Welfare Trust Wellbeing Foundation which will offer Equine assisted wellbeing workshops to both adults and children. The workshops will be facilitated by qualified CMA(Complimentary Medicine Association) practitioners and some of our rescued ponies that are now trained therapy ponies. This is an exciting project for us and the local community. One of our long-term residents, Mini Milton, continues to visit the elderly in the local village and brings joy to many of those who feel isolated.

Last year we set up the Grassroots equine re -wilding project at the sanctuary. This has created a wonderful wild meadow with an abundance of wildlife and rescued ponies grazing side by side. We plan to expand on this further in the coming year. Our meet and greet a Shetland pony and walking with Shetland ponies' workshops will be running this summer offering the opportunity to have hands on experience with the ponies. Digitally our Facebook and Instagram pages have grown. A positive social media presence has been a wonderful place for the charity to showcase its work. We have a private Facebook support group for top supporters to be able to see more of the rescued ponies via our videos and photos. We have used social media as a platform to further connect with the community and we hope our pages inspire people and shows the positive impact we can have We are grateful to members of the public who have kindly donated to us this year or left a legacy.

Animal Friends pet Insurance also kindly gave us a grant to help support the ponies. Like many small animal charities, we have in the past felt very vulnerable due to lack of reserves and the increasing desperate need in equine welfare which has always resulted in us having to spend the income. We have found it necessary on many occasions for our Trustees to assist by putting in their own money to support the ponies. However, due an increase in legacy donations this year we now feel able to achieve our long-term aim which is to have a least six months reserve in place for running costs

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Future Plans

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Director's and Trustees Annual Report for the year ended 30 April 2024

Review of Financial Activities and Affairs Financial Review

Full details of the financial transactions are contained in the attached accounts. The total income for the year was 59,153.49 2023 24,700.00: and, after deducting expenditure of 21,347.00 (2023) the net profit for 2023 was 3,353.00. Expenditure (2024) was 16,378.84 Net profit at 30th April 2024 was 46,127.65 Reserve policy The. trustees have reviewed the charity's needs for reserves in line with guidance issued by the Charities Commission and consider it prudent that unrestricted reserves should be sufficient to cover six months' running costs. The trustees are confident that future income, and support from the Trustees will enable the charity to meet its foreseeable needs based on planned activity Investment Policy Under the memorandum and articles of association, the charity has the power to make an investment which the trustees see fit.

The trustees have considered the most appropriate policy for investing funds to maximise interest on funds available Approved by the Trustees on 11th May 2024 and signed on their behalf by

Signed............................................................................................................. Biindafreenwoed Chirk Belinda Greenwood Clark Trustee

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Statement of Trustees Responsibilities for the year ended 30th April 2024

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Charity law requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the charity and of its financial activities for the period. In preparing those Financial Statements the Trustees are required to:

a) Select suitable accounting policies and then apply them consistently; b) make judgements and estimates that are reasonable and prudent

c) State whether the policies adopted are in accordance with SORP FRS 102 and with applicable accounting standards, subject to any material departures and disclosed and explained in the Financial Statements'

d)prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue operating.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities

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The Shetland Pony Welfare Trust Independènt Examlners Report to the TnISt￿ of The Shetland Pony Welfarn Trust I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th April 2024 Responsibilitss and basis of roport as the charity.'s trustaas of the Company (and its directors ft)r the purFM)ses of company law) you are responsible for the preparation of the accounts in aC￿rdan￿ with tha raquirements of the Companies Act 2006 ('the 2006 Act.). examination I having satisfied myself that the atxounts of the Company are not required to be audited urKler part 16of the 2006 Acl and are eligible for independent examination. I report in respect of my examination of your chariws accounts as carried out under section 145 of the Charities Act 2011 {'the 2011Act'). In carying out rny have followe(I the Directors given by the Charity Commission under section 145(5) (b) of the 2011Act. Independent examinerfs statement I have completed my examination. I confimi that no material matters have com8 to my attention In (L)nnection with the exarnination givitYJ me cause to believe that in any material respect: l. l accounting records wera not kept in respect of the charity as r8quired by section 130 of the Act: 2. or the financial statements do not accord with those records: or 3. the financial statements do rM)t comply wtth the appIl￿ble requirements concemillg the fonn and wntent of accounts set out in the ChaTities (Accounts and Reports) Regulations 2008 other than any requi￿rnent that the accounts give a 'true and faif view which is not a matter considared as part of an independent examination. have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to b8 reached Signed r4

The Shetland Pony WeLfare Trust Detalled Stat•rngnt of Firtartclal Actlvltles for ih• Year •ndoql 30th Aprll 2024 Incomlng Rosourc•• 2024 2023 Donations LegBcle8 57.129.26 21.9SO.00 Grant 2.000.00 2.000.000 Interest Income 24.23 BÈisnee B/f 2023 Total R•ourc6 Exp•n<l•d Hay/Feed/Beddin8 7.S73.88 1 0. 500.00 EouiplBuildinK Material8 2.696. 1 0 1.461.28 VeVFarrier 1.324.19 6.036.02 Pet cremation 700.00 200.00 Fuel 710.79 848.98 TeilWiflWsÉtts 427.27 280.00 El8ctric/Wator 904.99 668.72 Royal m￿1( 207.62 1 70_00 VtsluntÈ•rs' Expenses 196.21 150.00 V8hiclè Expenses 1.436.66 800.00 Bank FÈÈS so.00 60.00 Insurance 2_55 140.00 Mi 78.58 32.00 Total Neg Incomel(experTrflitLire) 46.127.6S_ Balanca as at 30 April 2024 46 127.65 Bal as at 30 April 2022 3 353.00

The SheiiAnd Pimy Welf•ro Tru 8&1on¢• sh￿1. Yo•r •ndin¥ 30- April 2024 T•ngibLe Itxèd Assets 26.991.50 Current A&Bets 24.71K).tXI 62.506.49 Cash at bank in han 24.700.00 46.127.65 Amounts fo￿￿¥ onÈ (3.342.94 Net current Assets 24.700.00 59.163.55 Total Assèts CurnenVlix8d Net Assets Property and equipment 14.826.50 Flxtures f ittings 5.465. 6.3Q).IXI Ltsss accumulated depreciatk>n 2,291.50 1775. Restncted furwjs 11 UntBstrictwJ fuThJs 24,7(X). 46.127.65 Amounts fdlivvJ due V*71￿￿ yaar 13.342.941 21 Restncted FurKIs 10

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024 the members have not required the company to obtain an audit of its financial statements in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge

Responsibilities for

a) Ensuring that the company keeps accounting records which comply with Sections 386 and387 of the Companies Act 2006 and

b) Preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of Rs profit or loss for each financial year in accordance with the requirements of Sections 394 and 395which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

These financial statements have been prepared in accordance with the special provisions of Part 15of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard (SORP) FRS102 (effective January 2015).

The financial statements wore approved by the Board of Directors on 11th May 2024 and were signed by

Kathryn Sullivan

Director..........

...........

.....................................................................

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The Shetland pony Welfare Trust

Notes to the Accounts

For the year ended 30th April 2024

1.Basis of Accounting

a) Accounting Convention

b) Accounting Polices

The Finacial statements have been prepared under the historical cost convention in accordance with the Charities Act 2015 and the Companies Act 2006, and in accordance with applicable accounting standards and the Charities SORP(FRS102) (effective 2015. Financial Instruments Basic financial instruments are initially reconised at the onset receivable or payable including any related transaction costs c) Going Concern The Trustees have prepared the accounts on the going concern basis as there are no future planned or committed expenditure beyond that which can be supported from known income or current levels of reserves d) Disclosure exemptions The Charity has taken advantage of the exemption in FRS102from the requirement to produce a cash flow statement because it is a small charity . e ) Incoming Resources All incoming resources are included on the statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

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The Shetland Pony Welfare Trus t

Notes to the accounts cont.

f) Resources Expanded

Resources expanded comprise all expenditure directly relating to the objects of the charity, and is accounted for gross, and when incurred.

Expenditure is recognized on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates

Fixed Assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life

Vehicles 25% Reducing Balance

Equipment/Buildings 10% On cost

Plant 5% On cost

g) Fund Accounting

Restricted funds are trust funds subject to specific restrictive conditions imposed by sponsors and until the restriction has been satisfied

h) Resources Expended

1)

£ £

2024 2023 59,153.49 24,700.00 13

The Shetland Pony Welfare

Trust Notes to Accounts cont.

Taxation

2.The Charitable company is exempt from corporation tax on its Charitable activities.

3.Tangible Fixed Assets

Vehicles Animal Buildings Total

Plant Equip Fixtures

At 30th April 2023 6,700.00 14,826.50 5,465.00 26,991.50

At 3oth April 2024 8,300.00 22,00.00 6,300.00 36,600.00 At 3oth April 2023 1,455.00 626.50 210.00 2,291.50 195.00 183.50 105.00 483.50

At 30th April 2024 1,650.00 810.0 315.00 2,775.00

Total Depreciation Charge At 30th April 2024 483.00

  1. Investment Income Bank Interest Received As at 30th April 2024 £24.24 5. Creditors Amounts falling due within one-year 2024Accruals 3,342.946. Company Ltd by Guarantee the Member's Liability is Limited to a maximum of £1.00

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