Registered number 04836875
Charity number 1103432
British Appaloosa Society
Trustees Report and Financial Statements
31 December 2021
British Appaloosa Society Company Information
Directors
Penelope Oliver - Director/ Company Secretary/ Trustee Kathleen Hammerton - Director/ Trustee/ Shows Paula Moore - Director/ Trustee/ Membership Carol Wood - Director/ Trustee/ Competitions Vanessa Marshall - Director/ Trustee
Secretary
Penelope Oliver
Accountants
Valerie Hall ( Rural Accounting) Raven Cottage Silpho Scarborough North Yorkshire YO130JP
Bankers
HSBC The Cross Gloucester GL1 2AP
Solicitors
Alsters Kelley Hamilton House 20-26 Hamilton Terrace Leamington Spa CV1 2AP
Registered office
10 Roman Way Wantage Oxfordshire OX12 9YF
Registered number 04836875
Charity number 1103432
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British Appaloosa Society Registered number: 04836875 Trustees Report
The trustees present their annual report and financial statements for the year ended 31 December 2021
Principal activities
The objects of the charity are to promote and improve the breed of the Appaloosa horse for the public benefit nationally across the United Kingdom and in the interests of the highest levels of horse welfare
Structure, Governance and Management
The society operates as a member organisation run by unpaid volunteers. Members pay an annual subscription which gives them voting rights and access to all society services. The members have the power to make, alter or repeal the rules and bye laws of the society.
Council is elected by members at the Annual General Meeting or can be co-opted by nomination during the year. Each council member serves three years after which time they either retire or seek re-election. Under the guidance of a Chaiman and Vice-Chairman, the council manages the day to day management of the society business.
Small company provisions
This report has been prepared in accordance with the provisions in part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board
and signed on its behalf by Paula Moore (Director)
Director
Date
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British Appaloosa Society Income and Expenditure Account for the year ended 31 December 2021
| Income Donations Sale of Merchandise Charitable Activities Memberships and registrations Society Shows/ Auction Newsletter Other Income Investment income Total Income Expenditure Sale of Merchandise Charitable Activities Memberships and registrations Society Shows/ Auction Newsletter Administrative expenses Total Expenditure Surplus of Income over Expenditure |
2021 £ 34 2,001 13,164 9,586 60 320 25,165 (1,147) (585) (8,754) (1,297) (5,005) (16,788) 8,377 |
2020 £ 21 2,183 10,752 5,761 539 19,256 421 (2,879) (1,210) (3,907) (7,575) 11,681 |
|---|---|---|
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British Appaloosa Society Registered number: 04836875 Balance Sheet as at 31 December 2021
| Notes Fixed assets Tangible assets 2 Investments 3 Current assets Stocks Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Net assets Unrestricted Funds General Funds Profit and loss account Total Funds |
2021 £ 169 30,858 31,027 3,473 32,427 35,900 (795) 35,105 66,132 57,755 8,377 66,132 |
2020 £ 226 30,539 30,765 3,646 24,191 27,837 (847) 26,990 57,755 46,074 11,681 57,755 |
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
Approved by trustees on
and signed on their behalf by Paula Moore
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British Appaloosa Society Reconciliation of Funds for the year ended 31 December 2021
| At 1 January 2021 Profit for the financial year Loss on revaluation of fixed asset Other comprehensive income for the financial year Total comprehensive income for the financial year At 31 December 2021 |
Total Funds b/f £ 57,755 - - 57,755 |
Re-valuation Net reserve Movement in funds £ £ - - 8,377 - - - - 8,377 - 8,377 |
Total Funds b/f £ 57,755 8,377 - - 8,377 66,132 |
|---|---|---|---|
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British Appaloosa Society Notes to the Accounts for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting 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 (FRS102).
Income
Income is recognised in the statement of financial activities when entitlement has passed to the charitable company and the amounts are both probable and measurable. Any incoming resources received in an accounting period that relate exclusively to future periods are deferred on the Balance Sheet.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that a settlement will be required and the amount of the obligation can be measured reliably. Expenditure includes irrecoverable VAT.
Tangible fixed assets
Items of a capital nature over £500 are capitalised and depreciated at rates calculated to write off the cost less residual value over their expected useful life.
Fixtures and fittings 25% of the reducing balance Investments Market value
Stock
Stock is valued at the lower of cost and net realisable value
Taxation
The company is a registered charity for tax purposes and therefore exempt form UK corporation tax on charitable activities.
Average number of employees
0
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British Appaloosa Society Notes to the Accounts
for the year ended 31 December 2021
| 2 Tangible fixed assets £ Cost At 1 January 2021 - At 31 December 2021 - Depreciation At 1 January 2021 - Charge for the year - At 31 December 2021 - Net book value At 31 December 2021 - At 31 December 2020 - 3 Fixed Asset Investments Redwood Bond £ Cost or Revaluation At 1 January 2021 30,539 Disposal - 14 October 2021 (30,539) Additions - 14 October 2021 Interest At 31 December 2021 - 4 Creditors: amounts falling due within one year Accrued income - Show sponsorship Other Creditors Accruals: Accountancy 5 Revaluation reserve At 1 January 2021 Transfer of fixed asset investment to Notice account At 31 December 2021 |
Fixtures & Fittings £ 10,313 10,313 10,087 57 10,144 169 226 Redwood Notice Acc £ - 30,539 320 30,859 |
£ - - - - - - - £ - 2021 £ 795 795 2021 £ (29) 29 - |
Total £ 10,313 10,313 10,087 57 10,144 169 226 Total £ 30,539 (30,539) 30,539 320 30,859 2020 £ 50 37 760 847 2020 £ (29) (29) |
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British Appaloosa Society Notes to the Accounts for the year ended 31 December 2021
Other information
British Appaloosa Society is a charity under the control of the trustees, who are also the directors of the Company. The liability of the members is limited by guarantee. In the event of the charity being wound up during the period of membership or in the following year, members would be required to contribute an amount not exceeding £10.
10 Roman Way Wantage Oxfordshire OX12 9YF
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British Appaloosa Society
Detailed Income and Expenditure for the year ended 31 December 2021
This schedule does not form part of the statutory accounts
| Income Donations Sale of Merchandise Charitable Activities Membership Registrations National Show Northern Show Photo Shows Auction Newsletter Other Income Investment income Cost of Sales Sale of Merchandise Purchases Increase/Decrease in Stock Total Expenses Charitable Activities Membership Registrations and Passports Newsletters National Show Northern Show Photo Shows Auction/ Pleasure riding Rosettes/ Trophies/ Prize money Event insurance Storage unit & Equipment for shows Administrative Expenses Telephone Insurance Computer and Internet Printing, postage and stationary Council/ AGM expenses Accountancy Advertising Bank/Finance Fees - Ebay/Square/Paypal Sundry Expenses Depreciation Total Expenditure Surplus of Income over Expenditure |
2021 £ 34 2,001 7,033 6,131 6,125 3,185 156 120 60 320 25,165 (974) (173) (1,147) 24,018 (150) (435) (1,297) (4,413) (2,251) (1,327) (363) (400) (10,636) (348) (246) (938) (1,587) (707) (795) (201) (126) (57) (5,005) (16,788) 8,377 |
2020 £ 21 2,183 5,126 5,626 3,787 1,974 539 19,256 (2,315) 2,736 421 19,677 (1,679) (1,200) (657) (153) (400) (4,089) (336) (216) (399) (1,366) (1,025) (204) (240) (46) (75) (3,907) (7,575) 11,681 |
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