Charity ryistrAtion number 1096814 THE GAMBIA HORSE AIYD DONKEY TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE GAMBIA HORSE AI¥D DONKEY TRUST LEGALAND ADMtNISTRATIVE INFORMATION Trnstees HcatherArnthng (Chair) An&ea ￿eS David Marsdcn Ch*rity number 1096814 Principal address Brewery Arnis Cottage Stane Str¢et Ockl¢y RH5 5TH IndepeDdent examRner Darrrn H￿dlngACA FCCA DChA Richard Place Dobson Services Limited 1-7 s￿l0n Road Crawley West s￿$seX PHIQ IF THE GAMBIA HORSE AND DONKEY TRUST CONTENTS Pxzt Trustees, rewrt Independent eXami￿S r¢port Statement of firLancial activities Batance sheet Notes to the financial statements 8-17 THE GAMBIA HORSE AND DONKEY TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Th¢ trustws present their annual rwrt and financial statements for the ye* ended 3 l March 2024. The finanriai statun¢nts have been prepared in acctsrd￿ with th¢ accounting policies set out in notc I to the fuiancial sratements and comply with the charity's Declaration of T￿￿1. th¢ Charities Act 20113nd "Accounting and Reporttng by CELarities: Statement of R¢¢ommcnded Practice applicable ¢0 ch8riues preparing thetr 8¢¢0unts in accordance with the FinarLcial Reportlng Standard applicable An the UK and Republi¢ of Ir¢land (FRS 102)" (effective l January 2019). Obj¢ctives Ind activities The objects of the chtrity are as follows: I, To promote and provide education in The Gambia in the L2r< welfarc and management of horse$ 8nd donkeys and th¢ treatment of sick animals. 2, To relieve $uff¢ring of horses and donknys and othtt animals in need of care at)d artention 8nd to pmvide treatm¢nt facilitics for sick and injured animals. 3, To promote humane behaviour towards animals by providing appropriate ¢on, protectio￿ treatm¢nt and S￿￿rity for animals which are in need of eare and at*ntion by reason ol sickness, maitreallncn( poor ¢ircumstanc¢s or ill usage and to ¢du¢at¢ th¢ public in matters pertainin8 w an1rn￿ wclfar¢ in 8¢neral and the prcvention of cruelty and suff￿1ng among animals. The clwity Strives to reduce rural poverty by increasing the productiviry of working horse5 and donkeys through welfare and management education. It also provides Ve￿In$ry resources and education and explores ways of improving the nutrition and the design of carts and h￿¢s5 cost effectively. Public benefit The trustees have paid due regard to guidanc¢ issued by the Chariry Commission in declding what ￿tIVIti￿ the charity should undertake. Achievements Ind perfornian¢e The charity coniinu¢s to expand and diversify its worL We have exciting plans to ty to m8k¢ fi￿draising more sustainabl4 particularly in the pr¢Knt ¢¢ono(ni¢ Climate when people seem to b¢ Struggling. Whilst we are attracting more and more followers the amount donaied be¢om¢s smaller. The work covered by the charity is incre8sing so we are eating inlo our reserve5. This Ye￿ we have two young vets with teaching qualifications joining u5 which means that we are able to take students from oversw for trainin8 wider vetcrinary supervision. We hope that this new training initiative will noi only bcncfit thc S￿d¢nts but a130 bring in some muGh needed income for thc charity. We ¢ontinue to tratn students from College gnd University and there is now a plgn to open a Faculty of Velerin8ry Science at thc University of The Gambia. th¢y will llse our facilities for the practical traÉning of the Students. Many of our previous students ar¢ now graduated and are in tLtm establishing Ajumai W¢lfareAdVoc￿¢S group5 in the areas where they now work. The thange in attitude towards anirnals meant thal we have many tnore 8llitnaEs reported io us. not only quine5 but atso dogs and ¢ats and wildlif¢. We continu¢ to work closely ivith th¢ D¢parthicnt of W￿dI]fe and provide treatment for many wild animats. This year civets. monkcys, hyenas and mongooses. We work with the Department of Livestock Servi¢es and it is helpfid to have their sUP￿rt and encouragement When we cany out Rabies vaccination campaigns or neutering campaigns, we valuc thcir help and approval. Support We are d¢light¢d that as we become better known. both natioDally 8nd internationally. we 8re re¢¢iving a great m8my more visitors lo our centers. The school trips continue to Incre￿ Én number. Many of the sthools are establishints Anima] Advocates clubs and the animal welfare message is spreading- We are DOW well known to the tow operators tourist numbcrs are increasing. We do not charge admission but mak¢ it c&sy for dorkatio￿ to be mad¢ w]d this is helping to support our incom THE GAMBIA HORSE AND DONKEY TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YE4R ENDED 31 h£4RCH2024 VoluDtttr5 We are now sufficiently well known in veterinary circles that we a￿ well subscribed for volunteers with many rett￿ing for a scwnd visit We ask 8EI vcts to teach &8 well as to treat animals and this is having an ongoing bcneficial effe¢t on our staff Tr2DSPOrt Transport wntinu&s to be one of our bigges¢ ￿$ts. V¢hicl¢ maintenance and fi￿1 is very expensive and the bad roads in Th¢ Gambia cause many problems. W¢ are tying to reduce costs 2nd have done this by training our staff to ride motorbikes and us¢ th¢m as much as possible for cau ou Trustees We have been lucky enough to have the sam¢ Trusiees ftir the life of this charity. Sadly M&K Murray has had to Stsrtd down due to ill health. Thc years have taken their toll at￿ we need to recruit some youn8er Trustrrs. Conclusion Expenses ar¢ rising at an aiamiing rate and dOn￿lOn5 and subscriptions are reducin& We are eating into our reserves and we are going to have to make some very tough decisions il we are to remain stabl& We need to improve our l¢gaGy publicity and attract more supporters &8 the average donation has reduccd by aknut 50/0 We are making a positive impact on animal welfare and providing exrKll¢nt traintng for our staff and the students who visit us from University and college but we ar¢ victims of our own success as the demands for our s¢rvi¢¢s outstrip our income. Thc ahead is going to require very care￿1 budgeting Financial review During the year the ch￿lty had [￿t outgoing resources of £28.502 (2023 - net in¢oming resources of £78,063) as shown on the statement of financial activities on page 5 of the accounts. Reserves Policy It is the poli¢y of the charity that unrestricted funds which have not been deSi￿lated for a SP￿lf)C use should be main¢ained at a level equivalent to approximately one years expenditu￿ The tr￿Ste¢S ￿nSider that reserves ar this level will cnsure thal in the event of a significant drop in funding. they will be able io continue the ch￿l￿.S current a¢tiviti¢s while considerdiion is given to ways in which additionat fimds may be rais¢d. The trustees regularly ￿nsIder and review the risk8 they 8re faced with and endeavour to put systems into pla¢¢ to mitigatc those risks. A forniai risk mana8em¢nt policy is in the proc&8s of being drawn up to support th¢sc regul￿ reviews. The trustees tneei on an ad-E]oc basis throughout the ytsr. as when requirell Structhre? governante and managern¢nt Governing Documeut The charity is controlled by its 8overwng documenl a declaraiion of trust (executed on 23 Novembcr 2002) and constÉttrtes an unincoTporat¢d charity. The trusie¢s who served during the year and up to the date of signature of the fman¢ial statanents were.. He4th¢rArnistrong (Chair) Andrea Mil¢s Garth Armstrong Judith Parkcs David Marsdcn (Resigned 26 January 2024) Recrnitment Ind appointment of ttew truste¢s It is 2 minimum requirement for any potentia] new trustee to pmvide a copy of thcir CV for inspection by the current serving trustees. This information WAII then be C￿efUllY reviewed by the trustee5 before a final decision is t8ken to appoint the new trustee. Many thanks are due to the volunteers who have provided a greAt sttvice to the charity in the year. both here tn the UK and also in The G8Jnbi& Wc are very grateful for this ￿elltial suppory and reatise the significant role they have in helping the charity reach its objectives. page 2 THE GAMBIA HORSE AND DO1￿y TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 h£4RCH 2024 The trnstees, report was approved by the Board of Tn￿. Gfrt Trnstee strong Daied....2..&.. ....... page 3 THE GAMBIA HORSE AND Do￿TKEy TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GAMBIA HORSE AND DONKEY TRUST l Teport to Lhe trustees on my examination ofthe financial stalements ofThe Gambia Horse and Donkey Trust (the charily) for the ycar end¢d 31 March 2024. Responsibilities and basis of report .4s the trnS￿¢S of the charity you are ttsponsible for the preparation of the finaacial sts*ments in accordance with the requireinents of tbe Charities Act 2011 (the 2011 Act). I report in r¢spect of my examination of the charity's financial statements catTied Qui under section 145 of the 2011 Act. ID carrying out my examination I ba%"e followed all the applicable Direetions given by the Charity Commission under section 145(5)(b) of the 2011 A¢L Independent ex4miner's statemenl Since ihe charity's gross income exceeded £250,(XiO your examiner musi be a member ora iM)dy listed in section 145 or th¢ *OI l Act. I confirm that l am qualified to und¢rtakc ihe examination b¢￿￿¢ l am a mcrnbcr of . which is onc of the Iisied bodies. Your attention is drawn lo the fact ihai the ¢lwity has prepared fuwiciaI siatements in accordance with A¢¢ounting and Rq)orting by Chariti¢.% preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in thc UK and Republic of treland (FRS I02) in prefeTrnce lo the Ac¢ounitng aod Rcponing by Charilies: SLqtemeni of ReCo￿￿￿nded Practice issued on l April 2￿3 which is refe￿d to in the extsni reg￿latiO￿$ but has now bcen witbdrawn. I understand that this bas been done iti order for financlal statements to provide a true and fair vlew in accordance with Generally ALcepicd Accounting Practice effe¢tive for reporting periods begiDning on or after l January 2015. I havc completed my examinatiL)n. I confirn) that no matters have come to my anention in connection with the examination giving me cause ￿ beliei'e ihat in any n)aierial respect: dCCOLETrting rccords wcr¢ not kcpt in FCSP*Ct of th¢ Charity as Tcquircd by section 130 of the 201 l ACE or the fmancial sIalemen￿ do noi accord with those records- or th¢ financial statemcnts do not Lomply wlth thc applicablc requirements concerning the fo￿ and conter]t of accounts sel out in the Cbarilies (A¢¢ounts and Repons) Regulations 2008 other than any requirement th￿ the account8 give a and fair view ￿'hICh is not a matter consideted as parr of an indcpcndcnt exarninalion. I have no concerns and have Come across no other mattets in connertion with the examination to which attention should be drawn En thi5 ieport in order to enable a proper underst8ndiD8 of the financiat statements lo be ttached. Darren Harding ACA FCCA DChA Richard Place Dob50n 5¢rvi¢es LiMi￿d 1-7 Station Road Crawley Wcst St]ssex RHIO IHT Page 4 THE GAMBIA HORSE AIYD DONKEY TRUST STATEMEIYT OF FINèlNCIALACTIVITIES INCLUDING INCOME AIYD EXPENDITLfRE ACCOUNT FOR THE YE4R ENDED 31 MARCH2024 Unrestricted Unrestricted Restricted fuDds funds funds gentrdl dtslgnated 2024 Total Totsl 2024 2024 2024 2023 Notes Intomt and endowments from: Donations. Grants and legacies Charitsble a￿]VitieS Other income 245,973 20.000 265,973 364.809 5.096 1,503 2.998 2.998 Total income 248.971 20,000 268.971 371,408 eDditure on: Raising fun(ts 33,920 33,920 24.828 Animal Welfare 250,352 5.119 8,082 263,553 268.517 Total expenditure 284272 5,119 8,082 297,473 293,345 Net (outgolng)hntoming resour¢es befor¢ tr*nsfers (35.301) (5.119) 11,918 (28,502) 78.063 Gr05s trarksfers between funds 7,500 (7,500) Net (expenditurn)lin¢om¢ for the ye4rl Net movemtnt in fuDds (27.801) (5,119) 4,418 (28.502) 78,063 Fund balances at l April 2023 216,660 325,240 541,900 463,837 Fund balAnt¢s at 31 M*rch 2024 188.859 320.121 4,418 513,398 541,900 The 5¢atement of finan¢ial a¢tivitics tnclud¢s all gains and losses recO￿liSed in the year. All income and expenditure derive from ￿ntinuing aaivitics. page 5 THE GAMBIA HORSE AND DONKEY TRUST STATEMENT OF FINAI¥CIALACTIVITIES (CONTINUED) INCLUDING INCON￿ AND EXPENDITURE ACCOUNT FOR THE YE4R ENDED 31 MARCH2024 Prior financial year Unrestrirted Unrtstricted Restrieted futsds funds funds I￿traI d*sign*ted 2023 2023 Total 2023 2023 Nolts Income 2nd endowmtnts from: Dona¢iotJ& Grants and legaci¢s Charitable a¢livities Other incom¢ 354.809 5.096 1,503 10.000 364.809 5,096 1,503 Totsl in¢ome 361,408 10.000 371.408 Ex enditure on: Raising ￿ndS 24,828 24,828 Animal Welfare 258,398 5,119 5,000 268,517 Totthl expenditur¢ 283,226 5.119 5,000 293.345 Lyet (outgoing)lincoming resources before transf¢rs 78,182 (5,119) 5.000 78,063 Gross transfers b¢tween funds 5,000 (5,000) Net (expendI￿rnVInC0￿é for the yearl Net movement in funds 83.182 (5,119) 78.063 Fund balances at l April 2022 133,478 330.359 463.837 Fund b*lan¢es at 31 March 2023 216,660 325240 541.900 page 6 THE GAMBIA HORSE AND DONKEY TRUST BALIINCE SHEET ASAT31 MARCH2024 2024 2023 Notes Fixed assets Tangible assets 12 244.499 253.109 Current assets Debiors Cash at bank and in hand 13 5.623 267.697 3.580 ?87,101 273.320 *90.681 Creditor5: amounts falling due within one year 14 (4,421) (1,8901 Nei current assets 268,899 288,791 Toial assets less current liabilities 513,398 541,900 Incomc funds R¢strict¢d funds Uni'e5tricLed funds- designated Unrestricted ftinds - general 16 17 4.418 320.121 I88.8S9 325,240 216,660 513.398 541,900 The fu18n¢ial Sta￿ments were approved by Ihe Trustees on . ? I Amistrong Trnstee pag¢ 7 THE GAMBIA HORSE AND DONKEY TRUST NOTES TO THE FINANCIAL STATEMEIYTS FOR THE ENDED 31 MARCH 2024 A¢¢ounting polities Charity information The registered office is Br¢wery Arms CotlaE< Stane StrecL Ockley. R115 5TH. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's declarttion of trusL the Clwities Act 2011, FRS 102 'The Financial Reporting StsrLdard applicable in the UK and Republic of Irelan￿ ("FRS 102") and the Charities SORP "Accounting and Reporting by ch*iti￿. Statement of Re￿MMended Pradice applicable to ¢hariu¢s preparing their accounts in accordance with th¢ Finan¢iat Reporting Standard applithl¢ in the UK and Republic of Ireland (FRS 102)" (effective l January 2019). The charity is a Public B￿Crit Entity as defined by FRS 102. The charity has taken advantage of the provisions in th¢ SORP for Chaxities not to prepare a S￿ement of Cash Flows. Th¢ financial statements have departed from the Charities (Ac£ounts and Reports) Regulations 2008 only to the &xtent r¢quired to provide a true and fair view. This departure has involved following the Statement of R¢wmmended Pracue for charities applying FRS 102 rather than the version of th¢ Swcmcnt of Recommended Practic¢ whith is r¢f¢rr¢d lo in the Rcgulations but which has sinc¢ been withdrawrL The financlal statements are prepared in sl¢rlin& whith is the fiuictionai currency of th¢ d)arity. Monetary amounts in these financial statements are rounded to the neartst £ Th¢ financial statements have been prepared under the historical cost conventior4 rnodified to include the revaluation of freehold propcrtics and to include investment properti¢s 8J)d fukanciat irLStnlln¢nts at fair valua The principal accounting policies adopted are sct out below. 1.2 Going concern The trustees consid¢r that th¢r¢ 8r¢ no matcrial un¢crtainti¢5 aEKtrut the Charity's ability to eoritinue as a going concenL 1.3 Cbxrltable futsds unrcstrl￿ed fiuids are available for the usc & the discretion of the trustees in filltherdnce of the general objectives of the dwity. Designated funds are unrestriaed fijnds set &8ide at the discretion of the trust¢e5 to be used for a specifi¢ purpos¢. Thc designated fithd for fixed assets is part of the unrestricted filnds that repr¢s¢nrs fixed assets used in the day to day opcration of the charity. Restricted funds ure subjected to restrictio￿ on thcir vApcnditure imFosed by the donor or through the terms of an appeal. Further explanation of the tkn and purpose of each fimd is included in th¢ notrs to the financial statements. 1.4 Income Activities for generating funds includes rafflc tickcL card Sai￿ and ticket sales from the Trusts, Anniversary Ball, all are r¢cogniscd in the Statement of Financial Activities in the year in wbÈ¢h it is reccivable, Donations. grants 2nd similar inconiing resourc￿ ar¢ included in the year in whith they are receivable, which is wherL the charity becomes entitled to the resource. Legacy gifts are r¢cognised on a cgse by ¢ase basis following the granting of probate when thc administratorlexecutor for the estate is commurLicatcd in writing both the amount and settlement dats. tn the evcnt that the gift 15 in the foTm of a &3set other than ￿$h or a financial &8set traded on a recognised stodc exthange. recognition is subject to the value of th¢ gift being reliably mwured with a degree of reasonabl¢ 8¢¢ura¢y and the title to the asset has been transferred to the charity. page 8 THE GAMBIA HORSE AND DONKEY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YE4R ENDED 31 MARCH2024 Accounting policies (Continued) Gifts ID Kind The charity received a numbcr of donated goods from other organi5ations, howev¢r these are all items which are technically out of date (but still safe to use) so do not have a commer¢tat v￿u¢ and th¢r¢for¢ hav¢ not been va]ued in the fJnan¢ial statemcnts. Other incoming resources includes srrf)nsorship. and is iDcITided in the Ststrn]¢nt of FinanciaI Activilies in the year to whith it relates. 1.5 Expellditur¢ All expenditure is included on an acCn￿lS basis and is recO￿lS¢d when a legal or constructive obligation arises, Cost of raising furtds incIt￿¢S advertising expthditure and costs relating to the taffle and card sal¢s. Charitable #etivitles Costs of charitsble activities are incurred on the charity's educational operdtiOTLS, includin8 SUPPOrt costs and costs relating to the 8ov¢rnanrx of the chariry ap￿rtioned to the one charithble adivity that h&8 been ideniifie 1.6 Tangible fixed assets Tangible fixed assets att initially measured at cost and subSequ￿￿Y m￿ured at cost or Valuatio￿ net of depreciation d any impairnient losses. Depre¢iation is r¢¢ognised so as to write off the cost or valuation ofa5sas their Ksidual values over their usefjjl lives on the following bases: Freehold property Fixtures, fittings & equipment Motor vehicles 20/9 Strai8ht line Straight line OVLY 4 years Straight line over 4 yeas 1.7 C￿h and cash equivaleuts Cash at bank and cash in hand includes c&sh and short tenn liquid investments with a short maturity of thr¢¢ months or les5 from th¢ dat¢ of aquisition or op¢ning of the dewtrsit or Simil￿ a￿￿￿nt 1.8 Flnantlal Instrnmettts Thc trust only has financial liabilities of a kind that qU￿lfy as basic financi81 instruments. Basi¢ fin8n¢ial instruments comprise bank loans which arc subsequentIy measured at the carrying value plus accrued interest less repayments. B￿¥cfinqnCl￿l Qfsets Other debtors arc reco￿￿￿5￿ ￿ thc scttlcmcnt amount du BasicfinancialliAbililies Creditors are recognised where the charity a present obligation ruulting from a past event that will probably result in the transfer of fi￿dS to a third party 8sEd th¢ artLount due to s¢ttl¢ th¢ obligation can be measured or estimated reliably. Creditors are nonnally rccognised at their setdemcnt amount after allowing for any discounts due. 1.9 Employee beDefrts The costs of 5hort-¢erm employee tKnefits are recogni3ed as a liability and an expense. Th¢ cost of any Un￿ed holiday entitlement is recognised in the perkod in which the employee's services are reeeivcd. 1.10 Taxation As a cFkarity, the Trust is not subject to corForation tsx or any other tsxes on income or gains artsing from its charktable objectives. pagc 9 THE GAMBIA HORSE AND DONKEY TRUST NOTES TO THE FINANCIAL STATEMENrs (coNriiYuED) FOR THE SE4R ENDED 31 A£4RCH2024 Critical accounting estijnates judgemeuts The preparation of the financiat statements requtres management to make judgements. ¢st[ma￿ amd &ssutnptions that affect the amounts reported for assets and liabilities &8 at the balance sheet date and the arnounts rerorted for r¢veThues and expenses during the year. However, the nature of estimation means that actual outcorn￿ could differ from those estimates. The main judgements and accounting estimates included in the accounts are: - Accwals - Management has made estima￿ and established ac¢ruals in respect of potential liabilities 18 at the balance 5h¢et dat¢. - Depreciation - Management has mad¢ assumptions and eMimated depreciation rates in respect of showiftg a trEe and fair vi¢w of th¢ ass¢ts at th¢ balonce S1￿Cl date. Donations, Grants and legacies Unrtstri¢t¢d Restri¢ted funds nds general 2024 Total Unrtstri¢ted R¢stri¢ted funds funds general Total 2024 20U 2023 2023 2023 Donations and gifts Grant and sponsorship income 245,973 245,973 349,809 349.809 20,000 20.000 5,IXIO 10,000 15,000 245.973 20.000 265.973 354.809 10.000 364.809 ChAritable Activities C¥rds 2023 20th Annivusary 5,096 Other income Unr¢stri¢t¢d Unrestricted funds funds gtn¢r*l g¢ner*l 2024 2023 Other ineome 2.998 1,503 page 10 THE GAMBIA HORSE AND DONKEY TRUST NOTES TO THE FINANCIAL STATEMEiYrs (coNrINUED) FOR THE YE4R ENDED 31 MARCH 2024 Raising funds Unrestricted Unrestricted funds funds general general 2024 2023 Costs of g¢n¢rating don￿lonS and legacies Staging fundraising ev¢nts Other fundrdiSing costs StaiTcosts .262 199 32.459 2,633 22,195 33,920 24.828 Animal W¢lfAre Unrtstrittsd Unr¢stri¢t¢d funds funds 2024 2023 Depreciation and impairnient Insurance Shipping to Gambia Gambian expenses Travelling Animat food Velcrinary expens￿ in Gambia Dog projecl 15.330 542 7.998 210,801 6,797 749 12.718 15.330 211 3.998 218,233 10,479 1.920 8,042 2,500 254,935 260.713 Share of support costs (see note 8) Sharc of govcrnamcc costs (see note 8) 6.633 1,985 5.574 2,230 263.553 268.517 Analysis by fuod Unrestricted funds- general Unrestricted funds- designated Restricted fijnds 250,352 5,119 8.082 258,398 5,119 5.000 263.553 268.517 page 11 THE GAMBtA HORSE AND DONKEY TRUST NOTES TO THE FINANCIAL STATEMENTS (CO￿rINuED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support C03ts Governance 2024 Support costs Governance costs 2023 DeprecÉation Advcrtising Accountancy and bookkecping Bank tharges Postage. printin2 and stationery Subscriptions Repairs and maintenance 781 1,422 781 1.422 450 171 450 2.200 2200 1140 1140 922 562 740 922 562 740 2.395 418 2.395 418 Independent Exarniner3 ftts Lcgai and professionat 1,985 1,985 1,800 430 1.800 430 6.633 1,985 8.618 5,574 2,230 7,804 Analysed between Charitable activities 6.633 1.985 8,618 5.574 2.230 7,804 Gov¢rnan¢e costs includes payments to the independent ¢xwnin¢rs of £1.985 (2023 £1,800) for th¢ indep¢nd¢nt examination fees. Trustees None of the tnLSte¢s (or any persons connected with them) received any remuncrntion dwing the year, but Heather Annstrong w&8 reimbursed a total of £4.368 ¢xpcnKs (2023: £6.920} and Garth Arnistrong reimburs￿ a total of £225 expenses (2023". £1215). 10 Employtts The average monthly number of employees during tho ye4r ¥Yas: 2024 Number 2023 Number Employment costs 2024 2023 Wages salaries 32.459 22.195 There were no employees whose annual remunernlion was more than £60.000. ¢12 THE GAMBIA HORSE AND DONKEY TRUST NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE ENDED 31 A£4RCH2024 11 Taxation The charity is exempt fron) tax on income and gains falling within section 505 of th¢ Taxes Act 1988 or section 252 of the T&xationof Chargeable Gains Act 1992 ￿ the extent that th¢sc are applied to its charitable objects. 12 Tangibl¢ fjxed assets Freeh•]dFlxft¢rtJ. fillillgs Motor vthl¢l proptrty & tqaiPTtttRt Total Cost At l April 2023 Additions 255.954 32,791 7,501 51.519 340.264 7,501 At 31 March 2024 255.954 40.292 51.519 347,765 D¢preci•tion and impainnent At l April 2023 D¢pre¢iation charged in the year 30.714 5,119 32.567 781 23,874 10211 87.155 16,111 At 31 March 2024 35,833 33.348 34,085 103.266 Carrying amouut At 31 March 2024 220,121 6.944 17,434 244,499 At 31 March 2023 225.240 224 27.645 253,109 13 Dtbtors 2024 2023 Amounts falling due withits OD¢ y¢ar. Other debtors 5,623 3,580 14 Credltots: amollnts fallinz du¢ within olle year 2024 2023 Other taxation and social security Other creditors Accruals and deferred incom¢ 100 1335 1.986 1,890 4,421 1,890 15 Retirement bellefrt schemes Th¢ ¢harity op¢rates a defined contrÈbution pension scheme for all qualifying employe￿. The of the scheme o held separately from those of the cljarity in an indep*nde4rt1y adtninisterd fun page 13 THE GAMBIA HORSE AND DONKEY TRUST NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE YE4R ENDED 31 MARCH2024 17 Ubrestritted funds- design2t¢d Th¢se are unrestricted fijnds whi¢h ar¢ matuiaE to the charity's activities made up as follows: Rtsoor