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 1 ## **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 2 ## **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| |---|---|---| 3 ## **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 4 ## **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| |---|---|---|---| 5 **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 6 ## **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)| |---|---|---|---| 7 ## **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 8 ## **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**| |---|---|---|