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|||||Page||
|---|---|---|---|---|---|
|Trustees' Report|||I|to|2|
|Independent
Examiner's||Report||||
|Statement ofFinancial||Activities||||
|Balance Sheet|||5|to|6|
|Cash Flow Statement||||||
|Notes to the Cash Flow||Statement||||
|Notes to the Financial|Statements||9|to|16|
|Detailed Statement of|Financial Activities|||17||
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|Registered ofIlce|Registered ofIlce||
|---|---|---|
|Holme Lacy Therapeutic||Centre|
|Holme Lacy Cottage|||
|Holme Lacy|||
|HEREFORD|||
|Herefordshire|||
|HR2 6LL|||
|Trustees|||
|D Harding|||
|JKnight|||
|SWells|||
|T O'Leary|||
|RCarr|||
|Independent|Examiner||
|Adam Turrell|||
|FCA ICAEW|||
|Maxwells|||
|Chartered
Accountants|||
|4King Square|||
|Bridgwater|||
|Somerset|||
|TA63YF|||
##
##
##
|for the Ye|ar Ended 31|March 2022|||||||
|---|---|---|---|---|---|---|---|---|
||||||||31.3.22|31.3.2]|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|funds|funds|funds|
|||||||||as restated|
|||||Notes|||||
|INCOME|AND ENDOWMENTS||FROM||||||
|Donations|and legacies||||66,295|509,534|575,829|116,597|
|Charitable|activities||||||||
|Rider/driver|income||||15,836||15,836|3,179|
|Investment|income|||||||18|
|Total|||||82,138|509,534|591,672|119,794|
|EXPENDITURE ON|||||||||
|Charitable|activities||||||||
|Rider/driver|income||||65,508|20,458|85,966|85,649|
|NET INCOME|||||16,630|489,076|505,706|34,145|
|Transfers|between
funds|||15|235|(235)|||
|Net movement
in funds|||||16,865|488,841|505,706|34,145|
|RECONCILIATION||OF FUNDS|||||||
|Total funds brought||forward|||114,571|6,965|121,536|87,391|
|TOTAL FUNDS CARRIED FORWARD|||||131,436|495,806|627,242|121,536|
##
|Balance Sheet
31 March 2022||||||
|---|---|---|---|---|---|
|||||31.3.22|31.3.2]|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||||||as restated|
||Notes|||||
|FIXEDASSETS||||||
|Tangible assets|12|30,353|494,806|525,159|32,690|
|CURRENT ASSETS||||||
|Debtors|13|460||460|232|
|Cash at bank and in hand||103,544|1,000|104,544|91,700|
|||104,004|1,000|105,004|91,932|
|CREDITORS||||||
|Amounts
falling due within one year|14|(2,921)||(2,921)|(3,086)|
|NET CURRENT ASSETS||101,083|1,000|102,083|88,846|
|TOTAL ASSETS LESSCURRENT||||||
|LIABILITIES||131,436|495,806|627,242|121,536|
|NET ASSETS||131,436|495,806|627,242|121,536|
|FUNDS|15|||||
|Unrestricted
funds||||131,436|114,571|
|Restricted
funds||||495,806|6,965|
|TOTAL FUNDS||||627,242|121,536|
|for the Year Ended 3|1 Marc|h 2022||||
|---|---|---|---|---|---|
|||||31.3.22|31.3.21|
||||||as restated|
||||Notes|||
|Cash flows from operating||activities||||
|Cash generated
from|operations|||509,292|34,967|
|Interest paid||||(147)|(251)|
|Net cash provided
by|operating
activities|||509,145|34,716|
|Cash flows from investing||activities||||
|Purchase oftangible|fixed assets|||(499,708)|(1,228)|
|Sale oftangible
fixed|assets|||3,400|1,500|
|Interest received||||7|18|
|Net cash (used in)/provided||by investing|activities|(496,301)|290|
|Change
in cash and|cash equivalents||in|||
|the reporting
period||||12,844|35,006|
|Cash and cash equivalents||at the||||
|beginning
ofthe reporting||period||91,700|56,694|
|Cash and cash equivalents||at the end|of|||
|the reporting
period||||104,544|91,700|
##
|RECONCILIATION|RECONCILIATION|RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES|
|---|---|---|---|---|---|---|
||||||31.3.22|31.3.21|
|||||||as restated|
|Net income|for the|reporting||period (as per the Statement ofFinancial|||
|Activities)|||||505,706|34,145|
|Adjustments|for:||||||
|Depreciation|charges||||5,072|6,277|
|(Profit)/loss|on disposal offixed assets||||(1,232)|668|
|Interest received|||||(7)|(18)|
|Interest paid|||||147|251|
|(Increase)/decrease||in debtors|||(228)|1,883|
|Decrease in|creditors||||(166)|(8,239)|
|Net cash provided||by|operations||509,292|34,967|
|ANALYSIS|OF CHANGES|||IN NET FUNDS|||
|||||At 1.4.21|Cash flow|At 31.3.22|
|Net cash|||||||
|Cash at bank|and in|hand||91,700|12,844|104,544|
|||||91,700|12,844|104,544|
|Total||||91,700|12,844|104,544|
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||||||31.3.22|31.3.21|
|---|---|---|---|---|---|---|
|||||||as restated|
||Donations||||24,804|26,074|
||Grants||||551,025|90,523|
||||||575,829|116,597|
||Grants received,|included||in the above, are as follows:|||
||||||31.3.22|31.3.2]|
|||||||as restated|
||Children
in Need||||14,728|7,364|
||Local Government|support|||10,667|20,232|
||COVID support|||||27,304|
||CJRS||||10,015|34,623|
||Ground works|||||1,000|
||Virgin Media 02|Together||Fund|1,000||
||Co-Op Local Community|||Fund|1,759||
||Eveson Trust Subsidised||riding||15,050||
||EF Bulmer||||3,000||
||New Centre Project||||494,806||
||||||551,025|90,523|
|3.|INVESTMENT|INCOME|||||
||||||31.3.22|31.3.21|
|||||||as restated|
||Deposit account interest|||||18|
##
|4.|INCOME|FROM CHA|RITABLE ACTI|VITIES||||
|---|---|---|---|---|---|---|---|
|||||||31.3.22|31.3.21|
||||||||as restated|
||||Activity|||||
||Rider/driver|income|Rider/driver|income||15,836|3,179|
|5.|CHARITABLE ACTIVITIES COSTS|||||||
|||||||Support||
||||||Direct|costs (see||
||||||Costs|note 6)|Totals|
||Rider/driver|income|||83,566|2,400|85,966|
|6.|SUPPORT|COSTS||||||
||||||||Governance|
||||||||costs|
||Rider/driver|income|||||2,400|
|7.|NET INCOME/(EXPENDITURE)|||||||
||Net income/(expenditure)||is stated after charging/(crediting):|||||
|||||||31.3.22|31.3.21|
||||||||as restated|
||Depreciation|- owned assets||||5,071|6,277|
||Surplus/(deficit)
on disposal offixed assets|||||(1,232)|668|
##
##
##
|||31.3.22|31.3.21|
|---|---|---|---|
||||as restated|
|Wages|and salaries|51,945|56,156|
|Social|security costs|26|312|
|Other|pension costs|1,071|1,153|
|||53,042|57,621|
##
||The average monthly
n|umber ofem|ployees
during
the year was as|follows:|||
|---|---|---|---|---|---|---|
||||||31.3.22|31.3.21|
|||||||as restated|
||Office and management|||||3|
||No employees
received|emoluments|in excess off60,000.||||
|10.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL|||ACTIVITIES|||
|||||Unrestricted|Restricted|Total|
|||||fund|funds|funds|
|||||||as restated|
||INCOME AND ENDOWMENTS||FROM||||
||Donations
and legacies|||108,233|8,364|116,597|
||Charitable
activities||||||
||Rider/driver
income|||3,179||3,179|
||Investment
income|||18||18|
||Total|||111,430|8,364|119,794|
||EXPENDITURE ON||||||
||Charitable
activities||||||
||Rider/driver
income|||84,250|1,399|85,649|
||NET INCOME|||27,180|6,965|34,145|
||Transfers
between
funds|||22,872|(22,872)||
||Net movement
in funds|||50,052|(15,907)|34,145|
||RECONCILIATION|OF FUNDS|||||
||Total funds brought
forward||||||
||As previously
reported|||68,528|22,872|91,400|
||Prior year adjustment|||(4,009)||(4,009)|
||As restated|||64,5]9|22,872|87,391|
||TOTAL FUNDS CARRIED FORWARD|||114,571|6,965|121,536|
##
##
|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||Freehold|Plant and|||
||property|machinery|Horses|Totals|
|COST|||||
|At I April 2021||113,037|7,584|120,621|
|Additions|494,806|252|4,650|499,708|
|Disposals|||(2,168)|(2,168)|
|At 31 March 2022|494,806|113,289|10,066|618,161|
|DEPRECIATION|||||
|At I April 2021||87,931||87,931|
|Charge for year||5,071||5,071|
|At 31 March 2022||93,002||93,002|
|NET BOOK VALUE|||||
|At 31 March 2022|494,806|20,287|10,066|525,159|
|At 31 March 2021||25,106|7,584|32,690|
|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE||YEAR|||
||||31.3.22|31.3.21|
|||||as restated|
|Trade debtors|||460|232|
##
##
|CREDITORS: AMO|UNTS FA|LLING DUE WITHIN ONE|YEAR|||
|---|---|---|---|---|---|
|||||31.3.22|31.3.21|
||||||as restated|
|Trade creditors||||568|1,055|
|Social security
and other taxes||||(505)|(505)|
|Other creditors||||453|431|
|Accruals
and deferred|income|||2,405|2,105|
|||||2,921|3,086|
|MOVEMENT IN FUNDS||||||
||||Net|Transfers||
||||movement|between|At|
|||At 1.4.21|in funds|funds|31.3.22|
|Unrestricted
funds||||||
|General
fund||114,571|16,630|235|131,436|
|Restricted
funds||||||
|Children
in Need||5,965|(5,730)|(235)||
|Groundworks||1,000|||1,000|
|New Centre Project|||494,806||494,806|
|||6,965|489,076|(235)|495,806|
|TOTAL FUNDS||121,536|505,706||627,242|
|Net movement
in funds,|included|in the above are as follows:||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|Unrestricted
funds||||||
|General
fund|||82,138|(65,508)|16,630|
|Restricted
funds||||||
|Children
in Need|||14,728|(20,458)|(5,730)|
|New Centre Project|||494,806||494,806|
||||509,534|(20,458)|489,076|
|TOTAL FUNDS|||591,672|(85,966)|505,706|
##
##
|||||Prior|Net|Transfers||
|---|---|---|---|---|---|---|---|
|||||year|movement|between|At|
||||At 1.4.20|adjustment|in funds|funds|31.3.21|
|Unrestricted||funds||||||
|General
fund|||68,528|(4,009)|27,180|22,872|114,571|
|Restricted|funds|||||||
|Children
in|Need||||5,965||5,965|
|Portacabin|||22,872|||(22,872)||
|Ground works|||||1,000||1,000|
||||22,872||6,965|(22,872)|6,965|
|TOTAL FUNDS|||91,400|(4,009)|34,145||121,536|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted||funds||||
|General|fund||111,430|(84,250)|27,180|
|Restricted
funds||||||
|Children|in Need||7,364|(1,399)|5,965|
|Groundworks|||1,000||1,000|
||||8,364|(1,399)|6,965|
|TOTAL|FUNDS||119,794|(85,649)|34,145|
|||||Prior|Net|Transfers||
|---|---|---|---|---|---|---|---|
|||||year|movement|between|At|
||||At 1.4.20|adjustment|in funds|funds|31.3.22|
|Unrestricted||funds||||||
|General
fund|||68,528|(4,009)|43,810|23,107|131,436|
|Restricted|funds|||||||
|Children
in|Need||||235|(235)||
|Portacabin|||22,872|||(22,872)||
|Ground works|||||1,000||1,000|
|New Centre|Project||||494,806||494,806|
||||22,872||496,041|(23,107)|495,806|
|TOTAL FUNDS|||91,400|(4,009)|539,85]||627,242|
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General
fund||193,568|(149,758)|43,810|
|Restricted
funds|||||
|Children
in Need||22,092|(21,857)|235|
|Groundworks||1,000||1,000|
|New Centre|Project|494,806||494,806|
|||517,898|(21,857)|496,041|
|TOTAL FUNDS||711,466|(171,615)|539,851|
##
##
|Detailed Statement ofFinancial Activities|Detailed Statement ofFinancial Activities|Detailed Statement ofFinancial Activities|||
|---|---|---|---|---|
|for the Year Ended 31 March 2022|||||
||||31.3.22|31.3.21|
|||||as restated|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Donations|||24,804|26,074|
|Grants|||551,025|90,523|
||||575,829|116,597|
|Investment
income|||||
|Deposit account interest||||18|
|Charitable
activities|||||
|Rider/driver
income|||15,836|3, 179|
|Total incoming
resources|||591,672|119,794|
|EXPENDITURE|||||
|Charitable
activities|||||
|Wages|||51,945|56,156|
|Social security|||26|312|
|Pensions|||1,071|1,153|
|Insurance|||3,430|3,339|
|Telephone|||811|387|
|Postage and stationery|||192|9|
|Advertising|||245|71|
|Sundries|||1,090|378|
|Feed|||1,933|2,994|
|Veterinary
costs|||3,525|1,330|
|Farriery costs|||1,180|1,655|
|Sub-contractors|||5,629|3,102|
|Motor and travelling|costs||203|270|
|Repairs and renewals|||3,972|3,853|
|Cleaning
and waste|||787|24|
|Book-keeping|||3,540|1,320|
|Depreciation oftangible||fixed assets|5,072|6,277|
|Loss on sale oftangible||fixed assets|(1,232)|668|
|Bank charges|||147|251|
||||83,566|83,549|
|Support costs|||||
|Governance
costs|||||
|Accountancy
and legal||fees|2,400|2,100|
|Total resources expended|||85,966|85,649|
|Net income|||505,706|34,145|