## **The Fell Pony Society** **(A company limited by guarantee)** ## **Annual Report and Financial Statements** ## **31 October 2022** **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 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|| ||J E Greener|(Appointed 2 April 2022)| ||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|(Resigned 2 April 2022)| ||A Thorpe|| ||E A Walker|| ||D Wilkinson|| |**Secretary**|K Wilkinson|| 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 2022** ## **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 (paid their subscription on or before 15 February) 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. ## **Achievements and performance** The overall number of members slightly increased in 2022. Page 3 The Fell Pony SoC￿ty Tru•t••*' R•port for th• Ywr End•d 31 Octob•f 2022 Sodety ev8nts. to indude Centenary ac￿￿$. enp)JYd grettt $w#yl and an In merchandlse sales and income from and 8vents roflect th¢s. New and conbnued inte￿1 In th8 F81 Pony wntinu0$ to thrive and 5ale$ of increased, whKh T0flec16d in the iKtXNJ from tw6fetsolo¥weF5hip. The S(thty v6ry mu¢h bx*s forwmrd ￿ a successfijl 2023. Flnanchl mil•w See an￿Ys15 r•wt slatam8ni¥. ¢ommitsm8nts and hrtura grrfith. The review ttffjduded Ihai w 8knw lh8 Charfty to b• m•n•god gff• and to mido o twffer lor unini•mJpte¢J SO￿¢￿$. o 9gneral reserve equivthfitto •pwoxim8tety 75% or 9 frthth$ of lund 9xF￿dibjr0 shoukl b& molnlained. The to￿ unreslrklod TeWV•8 by th• tharity 0131 ¢)¢*¢bw 2022 wwe £224,875 *lth Iraa re88ry06 of £211,682, wh￿h exceeds the cuff•nt po*. Sm•ll ¢ompany wo¥l¥lon# Thi$ report has b88n preparnd in Ihg gmal l￿p0n￿ ur*Jgr Iho CryythAct 2c￿. Approv•d ty tho Board on 10 January 2023 and lwd on M8 boh4lby.' P Boulioad Trusts• P Metcth Pa9e 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 2022, 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. ......................................... Joanne Thomlinson FCA Dodd & Co Limited Chartered Accountants FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA1 2RW 10 January 2023 Page 6 ## **The Fell Pony Society** ## **Statement of Financial Activities (including Income and Expenditure Account) for the Year Ended 31 October 2022** |**Note**
**Income and endowments from:**
Donations and legacies
2
Other trading activities
3
Investment income
4
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**
**£**
4,728
2,635
47
95,844|**Restricted**
**Funds**
**£**
11,500
-
-
-|**Total Funds**
**2022**
**£**
16,228
2,635
47
95,844|**Total Funds**
**2021**
**£**
12,763
789
23
61,438| |---|---|---|---|---| ||103,254|11,500|114,754|75,013| ||106,321|17,060|123,381|85,641| ||106,321|17,060|123,381|85,641| ||(3,067)
227,943|(5,560)
18,081|(8,627)
246,024|(10,628)
256,652| ||224,876|12,521|237,397|246,024| 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 Th• Fell Pony Socl•ty Company rnglstrailon numbgr: 03233346 Balanc• Sh••t as at 31 Octob•r 2022 2022 2021 Not• Flx•d u*•ts Tangible assets 11 13.194 13,200 Curr•ni ••••ts Stocks and In prr*Jrg Debtors Cath at bank aThJ Sn hond 6,335 2.833 222.gJ3 232.071 4,780 12 231,225 238,549 Cr•dltorn.' Amounts l•lllng du• wlthln +)n• 13 (7,8681 15,7251 N•t curn•nt ••••ts 224,203 232,824 237.397 246,024 Th• lund* ofth• ¢h•rltr. R•¥trl¢t•d fvnd• 12.521 18,081 unr••I￿¢1•d fund• Unr•$irb¢t•d Irtt)m• 224.876 227.943 Tot•1 ¢￿rIty1￿￿d• For Iho nnarrial ￿ •nd•d 31 Odobor 2022. ch•rfty w•• gndled lo frcffi wdlt under 5O¢lK)n 477 of t Comp8nle8Act 2008. Th• m•mt•rs ho¥0 r8quir•J chailtyto of its avAnts fr* lh¢ yw In ¢wtth In ac¢udart• wlth sectlon 476 of th• Ad. 237.397 246.024 The directors ackno￿￿90 thw'r res￿5•bIl￿•S for tho r￿￿rIments of Aet wlh rospg¢1 10 accounting record5 and th• prepara*w of acoxnts. compan￿8 regiTh. Approved by th• Boud on 10 January 2023 and 8Wd on it8 b•h•Mby'. QQ_kJ P B￿St•sd P Met¢ Tru5te8 The not85 on page5 9 to 18 part of Ilwe fitwr*4al statem￿ts. ## **The Fell Pony Society** ## **Notes to the Financial Statements for the Year Ended 31 October 2022** ## **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 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. Income from Government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. 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 2022** ## _......... 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 2022** ## _......... 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 2022** _......... continued_ ## **2 Donations and legacies** |**Donations and legacies**
Legacies and bequests
Donations
**Grants**
Horserace betting levy board|**Unrestricted**
**Funds**
**£**
-
4,728|**Restricted**
**Funds**
**£**
4,500
-|**Total Funds**
**2022**
**£**
4,500
4,728|**Total Funds**
**2021**
**£**
200
4,063| |---|---|---|---|---| ||4,728
-|4,500
7,000|9,228
7,000|4,263
8,500| ||4,728|11,500|16,228|12,763| Of the donations and legacies income in 2021, £4,263 related to unrestricted funds and £8,500 related to restricted funds. ## **3 Other trading activities** |Advertising and sponsorship|**Unrestricted**
**Funds**
**£**
2,635|**Restricted**
**Funds**
**£**
-|**Total Funds**
**2022**
**£**
2,635|**Total Funds**
**2021**
**£**
789| |---|---|---|---|---| All of the other trading activites income in 2021 related to unrestricted funds. ## **4 Investment income** |Deposit account interest|**Unrestricted**
**Funds**
**£**
47|**Restricted**
**Funds**
**£**
-|**Total Funds**
**2022**
**£**
47|**Total Funds**
**2021**
**£**
23| |---|---|---|---|---| All of the investment income in 2021 related to unrestricted funds. Page 12 ## **The Fell Pony Society** ## **Notes to the Financial Statements for the Year Ended 31 October 2022** _......... continued_ ## **5 Charitable activities** |Subscriptions
Affiliation fees
AI permit
Miscellaneous
FIS income
Stud books and promotional merchandise
Shows and other events
Centenary events
Registration
Transfers
Stallion licences
DNA
Pony sales list
Duplicate passports
Prefix applications|**Unrestricted**
**Funds**
**£**
32,670
315
50
310
3,880
15,614
8,582
13,888
5,780
8,560
3,082
988
130
1,310
685|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total Funds**
**2022**
**£**
32,670
315
50
310
3,880
15,614
8,582
13,888
5,780
8,560
3,082
988
130
1,310
685|**Total Funds**
**2021**
**£**
30,710
32
100
507
2,735
4,865
4,314
-
4,620
7,955
3,750
705
170
315
660| |---|---|---|---|---| ||95,844|-|95,844|61,438| All of the income from charitable activities in 2021 related to unrestricted funds. Page 13 ## **The Fell Pony Society** ## **Notes to the Financial Statements for the Year Ended 31 October 2022** _......... continued_ ## **6 Expenditure** |**Direct costs**
Upkeep of fell ponies
Shows and other events
Prizes - premiums (H.B.L.B)
Centenary events
Stud books and promotional merchandise
Support group
Staff costs
Affiliation fees
Prefix registrations
FIS expenses
Advertising
DNA expenses
Honoraria
**Support costs**
Travelling
Insurance
Telephone
Office expenses
Computer expenses
Printing, stationery and equipment
Postage
Office rent
Trustee meeting venue hire
Accountancy fees
Independent examiner's fee
Legal and professional fees
Depreciation of equipment|**Promoting**
**and running**
**the society**
**£**
10,830
8,207
6,230
7,667
13,215
500
31,070
167
443
5,024
10,000
1,088
1,444|**Total**
**2022**
**£**
10,830
8,207
6,230
7,667
13,215
500
31,070
167
443
5,024
10,000
1,088
1,444|**Total**
**2021**
**£**
13,766
5,891
3,377
-
3,700
-
24,269
50
397
3,297
7,500
1,812
640| |---|---|---|---| ||95,885|95,885|64,699| ||449
4,402
688
26
1,057
8,659
8,431
1,200
72
1,058
600
848
6|449
4,402
688
26
1,057
8,659
8,431
1,200
72
1,058
600
848
6|10
3,476
773
124
1,117
5,291
6,311
1,200
-
1,231
600
800
9| ||27,496|27,496|20,942| ||123,381|123,381|85,641| Of the expenditure in 2021, £68,498 related to unrestricted funds and £17,143 related to restricted funds. Page 14 ## **The Fell Pony Society** ## **Notes to the Financial Statements for the Year Ended 31 October 2022** _......... continued_ ## **7 Governance costs** |Accountancy fees
Independent examiner's fee
Trustee meeting venue hire
Legal and professional fees|**2022**
**£**
1,058
600
72
848|**2021**
**£**
1,231
600
-
800| |---|---|---| ||2,578|2,631| ## **8 Trustees' remuneration and expenses** During the year 1 trustee received a honorarium totalling £944 (2021 - £640). ## **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|**2022**
**£**
6
**2022**
**£**
31,070|**2021**
**£**
9| |---|---|---| |||**2021**
**£**
24,269| ## **10 Employees' remuneration** No employee received emoluments of more than £60,000 during the year (2021 - No. 0). The key management personnel comprise the Trustees. The total employee benefits of the key management personnel of the Charity were £0 (2021 - £0). Page 15 ## **The Fell Pony Society** ## **Notes to the Financial Statements for the Year Ended 31 October 2022** _......... continued_ ## **11 Tangible fixed assets** |**Cost**
As at 1 November 2021 and 31 October 2022
**Depreciation**
As at 1 November 2021
Charge for the year
As at 31 October 2022
**Net book value**
As at 31 October 2022
As at 31 October 2021
**Debtors**
Prepayments and accrued income
**Creditors: Amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income|**Equipment**
**£**
6,647
6,622
6
6,628
19
25||**Trophies**
**£**
13,175
-
-
-
13,175
13,175
**2022**
**£**
2,833
**2022**
**£**
5,199
252
2,417
7,868|**Total**
**£**
19,822
6,622
6
6,628
13,194
13,200
**2021**
**£**
2,544| |---|---|---|---|---| |||||**2021**
**£**
3,023
177
2,525| |||||5,725| ## **12 Debtors** ## **13 Creditors: Amounts falling due within one year** ## **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 2022** _......... continued_ ## **15 Operating lease commitments** As at 31 October 2022 the charity had total future minimum lease payments under non-cancellable operating leases as follows: |Within two and five years|**Other**
**2022**
**£**
**2021**
**£**
1,244
1,955| |---|---| ## **16 Related parties** ## **Controlling entity** The charity is controlled by the trustees who are all directors of the company. ## **17 Analysis of funds** |**General Funds**
General fund
**Restricted Funds**
Horserace Betting Levy Board
Fell Pony Upkeep|**At 1**
**November**
**2021**
**£**
227,943
7,447
10,634
18,081
246,024|**Incoming**
**resources**
**£**
103,254
7,000
4,500
11,500
114,754|**Resources**
**expended**
**£**
(106,321)
(6,230)
(10,830)
(17,060)
(123,381)|**At 31**
**October 2022**
**£**
224,876| |---|---|---|---|---| |||||8,217
4,304| |||||12,521| |||||237,397| 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 2022** _......... continued_ ## **Prior period** |**General Funds**
General fund
**Restricted Funds**
Horserace Betting Levy Board
Fell Pony Upkeep|**At 1**
**November**
**2020**
**£**
229,928
2,324
24,400
26,724
256,652|**Incoming**
**resources**
**£**
66,513
8,500
-
8,500
75,013|**Resources**
**expended**
**£**
(68,498)|**At 31**
**October 2021**
**£**
227,943| |---|---|---|---|---| ||||(3,377)
(13,766)|7,447
10,634| ||||(17,143)|18,081| ||||(85,641)|246,024| ## **18 Net assets by fund** |Tangible assets
Current assets
Creditors: Amounts falling due within
one year
Net assets
**Prior period**|**Unrestricted**
**Funds**
**£**
13,194
219,550
(7,868)
224,876|**Restricted**
**Funds**
**£**
-
12,521
-
12,521|**Total Funds**
**2022**
**£**
13,194
232,071
(7,868)
237,397|**Total Funds**
**2021**
**£**
13,200
238,549
(5,725)| |---|---|---|---|---| |||||246,024| |Tangible assets
Current assets
Creditors: Amounts falling due within
one year
Net assets|**Unrestricted**
**Funds**
**£**
13,200
220,468
(5,725)
227,943|**Restricted**
**Funds**
**£**
-
18,081
-
18,081|**Total Funds**
**2021**
**£**
13,200
238,549
(5,725)
246,024|**Total Funds**
**2020**
**£**
13,209
251,530
(8,087)| |---|---|---|---|---| |||||256,652| Page 18