The Fell Pony Society
(A company limited by guarantee)
Annual Report and Financial Statements
31 October 2020
Company registration number: 03233346 Charity registration number: 1104945
The Fell Pony Society
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' report | 3 |
| Trustees' responsibilities in relation to the financial statements | 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 |
| The following does not form part of the statutory financial statements: | |
| Detailed Income and Expenditure Analysis | 19 |
The Fell Pony Society Reference and Administrative Details
Charity name The Fell Pony Society Charity registration number 1104945 Company registration number 03233346 Principal office Bank House Boroughgate APPLEBY-IN-WESTMORLAND CA16 6XF Registered office FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA1 2RW Trustees P Boustead, Chairman P Metcalfe, Vice Chariman A W Bell R J Brunskill S A Charlton G M Cockbain R M Eastwood M R Goddard G H B Mallinson C S Millard J Potter W S Potter J L Rawden C C Roberts C H Robinson C E Simpson D J Slack A Thorpe E A Walker D Wilkinson K Wilkinson
Secretary
Page 1
The Fell Pony Society Reference and Administrative Details
Accountant
Dodd & Co Limited FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA1 2RW
Page 2
The Fell Pony Society
Trustees' Report for the Year Ended 31 October 2020
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 and Republic of Ireland.
Structure, governance and management
The charity is controlled by its governing document, Memorandum and Articles of Association, a deed of trust and constitutes a limited company limited by guarantee, as defined by the Companies Act 2006.
The trustees have reviewed the major risks to which the charity is exposed and systems or procedures have been put in place to manage those risks.
Trustees recruitment and training
Trustees are appointed as per the Society’s Memorandum & Articles, 8.1 - 8.6.6, as follows –
Council consists of twenty members of the Society. Four members of the Council retire each year but are eligible for immediate re-election at the Annual General Meeting without further nomination. Members shall not be eligible for election to the Council unless they have been Voting Members of the Society for a period of at least five consecutive years.
Nominations for the Council shall be delivered to the Secretary on or before 1st January preceding the Annual General Meeting. Nomination forms will be supplied by the Secretary on request. Nomination forms must be signed by two members qualified to vote at the meeting (the proposer and seconder respectively) and the person proposed must sign the nomination form to signify his or her willingness to be appointed.
The person proposed shall include in the nomination form a statement not exceeding 250 words in support of his or her election. No written canvassing other than the statement in the nomination form shall be permitted.
Election to the Council shall be by way of secret postal vote as follows:
The proposer shall have responsibility for ensuring that the nomination is given to the Secretary on or before 1st January preceding the Annual General Meeting.
Ballot papers listing all validly nominated candidates shall be posted to all paid up members entitled to vote at their addresses set out in the register of members not less than twenty one clear days before the date appointed for the Annual General Meeting.
Completed ballot papers shall be returned to the scrutineer appointed by the Council in a sealed envelope marked “Fell Pony Society Election of Council” to reach the scrutineer not less than ten days before the date appointed for the Annual General Meeting and it is the responsibility of members to ensure delivery. Non UK residents may return their ballot paper by facsimile or e-mail to the scrutineer.
Only correctly completed ballot papers shall be valid and no other form of vote will be accepted.
The validity of any ballot paper shall be determined by the scrutineer.
The result of the ballot shall be announced at the Annual General Meeting.
Newly elected trustees are issued with a Declaration of Eligibility and a Confidentiality Statement to read and sign. A pack is also issued with guidance of good practice and roles and responsibilities as a trustee.
New information sent to the Society by the Charity Commission is forwarded to all trustees.
Objectives and activities
The Fell Pony Society’s aim is to foster and keep pure the old breed of pony which has roamed the northern fells for years and to circulate knowledge and general information about the pony breed.
The Society’s principal activity during the year was acting as a Breed Society and Passport Issuing Office (approved by DEFRA), dealing with registration of ponies/issuing and updating of passports, applications for memberships, publishing a Stud Book and producing two magazines.
In determining these objectives and activities the Trustees have paid due regard to the Charity Commission guidance on public benefit.
Page 3
Fell Pony Society TNstees' Report lor the Yar Ended 31 October 2020 In determiniry these objeNe$ a1 athbes the Tnjstees h8¥p rewd to Charty cornrn15sn guidance on putAic tenefv. Achievements and perfomtanc• The overall number of membws fell was un(lefstandaL4e all sety ets had to be canclkd due to Cowd-19, hfrnevw aprlicstK)ns reraved frn rnems thrwO)(Krt year Interest n the Fdl Pony blcK)rned and Sa of [Ke$ Ilwnshed was ew(nt In In(xease of passpc¥ts received to thge 0erShip. S¢yne Irwne rwstrakn of foa15 wès recad In ihe rext year. the wmber of roals iegistered Is simiLar io the preWVS yea¥. amount usualty tak frgm Ihe rwcharvJ15tr Sd at e¥ts. The SEcteiary manly knryke<l al he from th8 tw"nThr¥J of fitsl aThJ part time staff prg frJrltyJghed from Wil lo August It Is hoFed that everts can start to be F4aMed fry 2021 aJ teycoj 10 Scoety's Center48ry in 2022. Fln•ncl•l re¥lw See analysis fOlkn9 rep(l $lments. The trustees have revieEd tl reserves of Chanty. Tl45 erK¥mpassd of the knÈty's £tiNed commitsments and fvtwe grmth. The reiew condLKled that to all)w the Chty to t marwJe(J effioenuy aTrJ to Frfowde a bufter fcf uninterrupted services. a gerrnl resw¥e equiwaknl lo apprornatelY 75% or 9 morths of fvnd expend¢ture shothd be rnainiained. The totsl uNestnded reser hebj by the chanty at 31 2020 we £229.928 ith free reserves ol £216.719, which exrxds Ihe awr)t se1 Small company provisions ApprLwgJ by the cx) ts ty P BoLtstead TnJstee P MetrafE itr Page 4
The Fell Pony Society
Trustees' Responsibilities in relation to the Financial Statements
The trustees (who are also directors of The Fell Pony Society for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and the Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Company 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 charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 5
Independent Examiner's Report to the Trustees of
The Fell Pony Society
I report on the accounts of the company for the year ended 31 October 2020, which are set out on pages 7 to 18.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
......................................... Martin S Ward FCA Dodd & Co Limited Chartered Accountants
FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA1 2RW
29 January 2021
Page 6
The Fell Pony Society
Statement of Financial Activities (including Income and Expenditure Account ) for the Year Ended 31 October 2020
| Note Income and endowments from: Donations and legacies 2 Other trading activities 3 Investment income 4 Income from charitable activities 5 Total income and endowments Expenditure on: Charitable activities Total expenditure Net movements in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Funds £ 3,546 270 107 46,512 |
Restricted Funds £ 6,000 - - - |
Total Funds 2020 £ 9,546 270 107 46,512 |
Total Funds 2019 £ 9,975 2,246 133 58,670 |
|---|---|---|---|---|
| 50,435 | 6,000 | 56,435 | 71,024 | |
| 60,273 | 14,517 | 74,790 | 88,973 | |
| 60,273 | 14,517 | 74,790 | 88,973 | |
| (9,838) 239,766 |
(8,517) 35,241 |
(18,355) 275,007 |
(17,949) 292,956 |
|
| 229,928 | 26,724 | 256,652 | 275,007 |
All of the Charity's activities derive from continuing operations during the above periods.
The notes on pages 9 to 18 form an integral part of these financial statements.
Page 7
The Fell Pony Soci•ty Company registratlofi number: 03233346 Balance Sheet as at 31 Octob•r 2020 2020 2019 Flx•d a¥tI Tangible assets 13,209 13,221 currts ••ets Stocks an¢J swrk In prre$S 5.024 2.482 261.393 12 7,993 244.(D4 251.530 Cash al bpA and In hand Credltor•'. Arnounts llllng du• thlthln on• y••t 13 18.cen 17.1131 243 443 261.786 2%852 275.¢J)7 Th• fvndB of th• ehailty: PtrIct• fun 26 724 35 247 Unrn•tri¢t•d lund• Unrestnded Income hjnds 229 928 239.788 Totsl charlty fund# For the finamal yew ende(131 Othr 2020. wao enlrtled lo exempbw Irtyn •udit undar s•etion 477 oftht ceffipan 26. 256 652 275.CK)7 The members have not r•quir8d ts ctsty lo an •Jtht ol its at£thmts for the year In queStn In accordance wlh sec11 476 Oft Acl. The dirtdus respJnsit4'1thS Ic the reqUiremts of Ihe kt r•sp•ct to accoling rec3 ¥nd prparats of aCctyJn. Th850 accouNS have pwep4wod In the apFcaUè to c4mpaThes 6ubJea to the small Crypan5 regime. Approvod Board on...... aTrJ btharf by P 8ouslead Trustee P melf• Tiustee notes pages 9 to 18 fcm Inte wl of ttse statements. Page 8
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2020
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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 and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
These financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Fund accounting policy
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Further details of each fund are disclosed in note 17.
Income and endowments
Donations and grants are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the Charity before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that these conditions will be fulfilled in the reporting period.
Legacy gifts are recognised on a case by case basis following the grant of probate when the administor/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measured with a degree of reasonable accuracy and the title to the asset having been transferred to the Charity
Investment income is recognised on a receivable basis.
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.
Page 9
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2020
......... continued
Expenditure
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Fixed assets
Individual fixed assets costing £100 or more are initially recorded at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Equipment 25% reducing balance basis Trophies Not depreciated
The trophies are included at market value and as the residual value is likely to be at least equal to their cost, no depreciation has been charged on these assets.
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed.
Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 10
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2020
......... continued
Liabilities
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Operating leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged in the Statement of Financial Activities on a straight line basis over the lease term.
Financial instruments
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Charity after deducting all of its liabilities.
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the Charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the Charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the Charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 11
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2020
......... continued
2 Donations and legacies
| Donations and legacies Donations Grants Horserace betting levy board |
Unrestricted Funds £ 3,546 - |
Restricted Funds £ - 6,000 |
Total Funds 2020 £ 3,546 6,000 |
Total Funds 2019 £ 4,475 5,500 |
|---|---|---|---|---|
| 3,546 | 6,000 | 9,546 | 9,975 |
Of the donations and legacies income in 2019, £4,475 related to unrestricted funds and £5,500 related to restricted funds.
3 Other trading activities
| Advertising and sponsorship Raffle |
Unrestricted Funds £ 270 - |
Restricted Funds £ - - |
Total Funds 2020 £ 270 - |
Total Funds 2019 £ 1,609 637 |
|---|---|---|---|---|
| 270 | - | 270 | 2,246 |
All of the other trading activities income in 2019 related to unrestricted funds.
4 Investment income
| Deposit account interest | Unrestricted Funds £ 107 |
Restricted Funds £ - |
Total Funds 2020 £ 107 |
Total Funds 2019 £ 133 |
|---|---|---|---|---|
All of the investment income in 2019 related to unrestricted funds.
Page 12
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2020
......... continued
5 Income from charitable activities
| Subscriptions Affiliation fees AI permit Miscellaneous FIS income Stud books and promotional merchandise Shows and other events Registration Transfers Stallion licences DNA Pony sales list Duplicate passports Prefix applications |
Unrestricted Funds £ 24,130 353 50 12 2,595 2,857 - 4,995 6,940 2,245 1,470 90 420 355 |
Restricted Funds £ - - - - - - - - - - - - - - |
Total Funds 2020 £ 24,130 353 50 12 2,595 2,857 - 4,995 6,940 2,245 1,470 90 420 355 |
Total Funds 2019 £ 26,137 648 25 264 1,600 5,458 5,298 5,130 7,540 2,500 2,420 50 745 855 |
|---|---|---|---|---|
| 46,512 | - | 46,512 | 58,670 |
All of the income from charitable activities in 2019 related to unrestricted funds.
Page 13
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2020
......... continued
6 Expenditure
| Direct costs Upkeep of fell ponies Show and exhibition expenses Prizes - premiums (H.B.L.B) Stud books and promotional merchandise Staff costs Affiliation fees Prefix registrations FIS expenses DNA expenses Honoraria Support costs Travelling Insurance Telephone Office expenses Computer expenses Printing, stationery and equipment Postage Office rent Trustee meeting venue hire Advertising Accountancy fees Independent examiner's fee Legal and professional fees Depreciation of equipment |
Promoting and running the society £ 9,600 1,064 4,735 2,878 23,124 182 150 1,776 2,243 1,130 |
Total 2020 £ 9,600 1,064 4,735 2,878 23,124 182 150 1,776 2,243 1,130 |
Total 2019 £ 9,600 6,065 5,700 4,537 25,919 197 740 2,082 3,013 1,120 |
|---|---|---|---|
| 46,882 | 46,882 | 58,973 | |
| - 3,411 995 223 1,070 8,511 8,046 1,200 24 - 976 600 2,840 12 |
- 3,411 995 223 1,070 8,511 8,046 1,200 24 - 976 600 2,840 12 |
121 3,827 976 100 2,554 11,480 6,625 1,200 120 228 1,078 600 1,076 15 |
|
| 27,908 | 27,908 | 30,000 | |
| 74,790 | 74,790 | 88,973 |
Of the expenditure in 2019, £73,476 related to unrestricted funds and £15,497 related to restricted funds.
Page 14
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2020
......... continued
7 Governance costs
| Accountancy fees Independent examiner's fee Trustee meeeting venue hire Legal and professional fees |
2020 £ 976 600 24 2,840 |
2019 £ 1,078 600 120 1,076 |
|---|---|---|
| 4,440 | 2,874 |
8 Trustees' remuneration and expenses
During the year 1 trustee received a honorarium totalling £630 (2019 - £620).
9 Net expenditure
Net expenditure is stated after charging:
| Depreciation of tangible fixed assets Employees' remuneration The aggregate payroll costs of these persons were as follows: Wages and salaries |
2020 £ 12 2020 £ 23,124 |
2019 £ 15 |
|---|---|---|
| 2019 £ 25,919 |
10 Employees' remuneration
No employee received emoluments of more than £60,000 during the year (2019 - No. 0).
The key management personnel comprise the Trustees. The total employee benefits of the key management personnel of the Charity were £0 (2019 - £0).
Page 15
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2020
......... continued
11 Tangible fixed assets
| Cost As at 1 November 2019 and 31 October 2020 Depreciation As at 1 November 2019 Charge for the year As at 31 October 2020 Net book value As at 31 October 2020 As at 31 October 2019 12 Debtors Prepayments and accrued income 13 Creditors: Amounts falling due within one year Trade creditors Other creditors Accruals and deferred income |
Equipment £ 6,647 6,601 12 6,613 34 46 |
Trophies £ 13,175 - - - 13,175 13,175 2020 £ 1,993 2020 £ 5,804 173 2,110 8,087 |
Total £ 19,822 6,601 12 6,613 13,209 13,221 2019 £ 2,482 |
|
|---|---|---|---|---|
| 2019 £ 5,060 183 1,870 |
||||
| 7,113 |
14 Members' liability
The charity is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
Page 16
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2020
......... continued
15 Operating lease commitments
As at 31 October 2020 the charity had total future minimum lease payments under non-cancellable operating leases as follows:
| Other | ||||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| £ | £ | |||||
| Within two and five years | 2,666 | 3,377 | ||||
| Related parties | ||||||
| Controlling entity | ||||||
| The charity is controlled by the trustees who are all directors | of the company. | |||||
| Analysis of funds | ||||||
| At 1 | ||||||
| November | Incoming | Resources | At | 31 | ||
| 2019 | resources | expended | October 2020 | |||
| £ | £ | £ | £ | |||
| General Funds | ||||||
| General fund | 239,766 | 50,435 | (60,273) | 229,928 | ||
| Restricted Funds | ||||||
| Horserace Betting Levy Board | 1,241 | 6,000 | (4,917) | 2,324 | ||
| Fell Pony Upkeep | 34,000 | - | (9,600) | 24,400 | ||
| 35,241 | 6,000 | (14,517) | 26,724 | |||
| 275,007 | 56,435 | (74,790) | 256,652 |
16 Related parties
17 Analysis of funds
Horserace Betting Levy Board - grant received to cover prize expenditure and premiums payable.
Fell Pony Upkeep - legacy received for the upkeep of two fell ponies.
Page 17
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2020
......... continued
Prior period
| General Funds General fund Restricted Funds Horserace Betting Levy Fund Fell Pony Upkeep |
At 1 November 2018 £ 247,718 1,638 43,600 45,238 292,956 |
Incoming resources £ 65,524 5,500 - 5,500 71,024 |
Resources expanded £ (73,476) |
At 31 October 2019 £ 239,766 |
|---|---|---|---|---|
| (5,897) (9,600) |
1,241 34,000 |
|||
| (15,497) | 35,241 | |||
| (88,973) | 275,007 |
18 Net assets by fund
| Tangible assets Current assets Creditors: Amounts falling due within one year Net assets |
Unrestricted Funds £ 13,209 224,806 (8,087) 229,928 |
Restricted Funds £ - 26,724 - 26,724 |
Total Funds 2020 £ 13,209 251,530 (8,087) 256,652 |
Total Funds 2019 £ 13,221 268,899 (7,113) |
|---|---|---|---|---|
| 275,007 |
Prior period
| Tangible assets Current assets Creditors: Amounts falling due within one year Net assets |
Unrestricted Funds £ 13,221 233,658 (7,113) 239,766 |
Restricted Funds £ - 35,241 - 35,241 |
Total Funds 2019 £ 13,221 268,899 (7,113) 275,007 |
Total Funds 2018 £ 13,236 285,639 (5,919) |
|---|---|---|---|---|
| 292,956 |
Page 18
The Fell Pony Society
Detailed Income and Expenditure Analysis for the Year Ended 31 October 2020
| Income Donations Advertising and sponsorship Raffle Deposit account interest Subscriptions Affiliation fees AI permit Miscellaneous FIS income Stud books and promotional merchandise Shows and other events Registration Transfers Stallion licences Horserace betting levy board DNA Pony sales list Duplicate passports Prefix applications Expenditure Upkeep of fell ponies Show and exhibition expenses Prizes - premiums (H.B.L.B) Stud books and promotional merchandise Staff costs Affiliation fees Prefix registrations FIS expenses DNA expenses Honoraria Travelling Insurance Telephone, office and computer expenses Printing, stationery and equipment Postage Office rent Trustee meeting venue hire Sundry and advertising expenses Accountancy and independent examiner's fee Legal and professional fees Depreciation of equipment Surplus/(deficit) for the period |
2020 2019 £ £ 3,546 4,475 270 1,609 - 637 107 133 24,130 26,137 353 648 50 25 12 264 2,595 1,600 2,857 5,458 - 5,298 4,995 5,130 6,940 7,540 2,245 2,500 6,000 5,500 1,470 2,420 90 50 420 745 355 855 |
|---|---|
| 56,435 71,024 |
|
| 9,600 9,600 1,064 6,065 4,735 5,700 2,878 4,537 23,124 25,919 182 197 150 740 1,776 2,082 2,243 3,013 1,130 1,120 - 121 3,411 3,827 2,288 3,630 8,511 11,480 8,046 6,625 1,200 1,200 24 120 - 228 1,576 1,678 2,840 1,076 12 15 |
|
| 74,790 88,973 |
|
| (18,355) (17,949) |
This page does not form part of the statutory financial statements.
Page 19