The Fell Pony Society
(A company limited by guarantee)
Annual Report and Financial Statements
31 October 2023
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 | 20 |
The Fell Pony Society Reference and Administrative Details
| Charity name | The Fell Pony Society | 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 | (Resigned 1 April 2023) |
|
| M R Goddard | ||
| J E Greener | ||
| T E Lloyd | (Appointed 1 April 2023) | |
| G H B Mallinson | ||
| H G Mawrey | (Appointed 1 April 2023) | |
| C S Millard | ||
| J Potter | (Resigned 1 April 2023) | |
| W S Potter | ||
| J L Rawden | ||
| C C Roberts | (Resigned 1 April 2023) | |
| C H Robinson | ||
| C E Simpson | ||
| A Thorpe | ||
| E A Walker | ||
| E J Whitley | (Appointed 1 April 2023) | |
| D Wilkinson | Page 1 |
The Fell Pony Society
Reference and Administrative Details
Secretary Accountant
K Wilkinson
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 2023
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 2016.
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. Trustees training was held during the year together with another equine breed
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 for the benefit of members. The magazine provides a wealth of information about the administration of the Society, news and reports on events held and forthcoming events, merchandise available to purchase and awards presented.
In determining these objectives and activities the Trustees have paid due regard to the Charity Commission guidance
on public benefit.
Public benefits applicable to the charity’s activities include:
Page 3
Th• F•ll Pgny So¢l•ty Trust8. Report1 th• Y•ar Erbd•d 31 O¢tobv 2023 Ihe 8¢yarMIni)lOdUCatkn throug shaHry ol The Foll Ponyfilm. tyw and wiformotsn. Mo¢Je a¥1•bIl onllne 1ty8harfnq al Lnt8resl4d parfles vnng knledge olcorrecl typ• •nd bre•d skndwds. croaOn of11¢91hrVu0h th¢ Aroa sUprt GrouF6. the 1LIO mn& ¢halleng• Ind the 98 mll• ehJll•nga, Encouraglrrfj fell pony owrrs to partak• In distance ch8llJnge8, HAl19h¢g the Vorsath ol th• br••d bBytsnd the shew Tlng, rntlng a ¢ommunlly Iiylhg th•flenge&on FaboOk 80d61 m•dla psy6. Fell pony wdety Dlsplay Taam. edUcad autherc4J4 el thè general ptknlk at nty events. grt) Fem Penlos a wblcw8unc•¥tcounby sh by performlng mu•kal Ind pogeantsfh CrynM8ry. Le8ng tkn Idl6. •du¢8159Th01 tts Jkndi open to mgrnberl can kiom all A8pg¢ts ol pDDi95 b•lrv4 kèpt In th• nIra1 nrOnMl. Natlvg P(xy R08étsh0, b ltslrt wntyre Five br8ed sodde8, ¥n •duc4tthal road•how w brn•d type and w8y 019ofvJ opfjn ) Iho put¢ he èt locollon8ACfOS¥ th UK Piobatknry xhomè, advancemt ol prob•tknMry luthjm thmuoh tho s108 s(11. prOgrestvJ hdlvk4uo1$ onlo the breed ynel fo11thn9 8nnual r8v18vr6 01 thdw kn•dOe •nd appll¢•tkffj ol Iht breed 8t•ndord. H•la th• annual 8sBu#m•nl aM608 Ihg no ¢andidat•8 •nd Ih81i a•11)n$ foi proWoThary 8tolu8. Aehhv•m•hts •nd p•rtornMno• The owr411 numb•rd Thmb•r8 1]hIlY Iw•aJ•d In 2023. Th& ¢v•nts h•ld by th• 8od•ty Wern Wo11 •upp)ti4d, Ihg br••d shts ett•nd•d by •xthlbttorn and Jpectstors, ¢on6thrtrrfJ Ihg'coit ol livinB' crfol& impactkng p•opl¥s 4vallae rrf¢MKc84, Inlwtst Inth• trned Ivom both home •nc4uragkng. Th So¢4•tyvory much loo foFWryTd lo a wxwilu12024. Fln•n¢lal r•vl•w Se• gftily81• folwng fBPtl •rpJ itm•nt•. Th• truslem hove nO%¥•d re¥èNo9 of th• ChHrtty. r•th th• Socl•VA CoDthd ¢ommikn•nt• JThd frjture gr. The rgvl•w d¢d that to Allow tho Charhy kn be m•nog•d thclenty •nd to pro¥ld• • buffer lty unhtsrrurAvd so04, 0 9er81 Tg¥er¥e equlvakTrt to •pproNJmatoty 75% (r 9 months of fvTrJ oxp¢n(Ihuro JhDyld be malntslned. Th• totsl unr•btrlctad r88grves hèld by lh• chqiity al 31 O¢tob•T 2023 ww• £124.761 fr•• of £111,572, lth exca•d5 ¢xKr¢ntr¢8erve$ po. Tho prlor p•rfod r881818m8nl of £100,000 r•lat•• to • 109ocy rncefv•d In 2018, vA)th w08 41 th• Im• trnatod 98 nro$trld•d. Th• orfulnal purpose of the Iwyls to ¢oniribut• to th• w• of tm fel ponle• and on th• d••lh ol Ith• 1oBt lll fell p)nlo5, Ihe reslrlcllon OTh tho fvnds Ilmftod •nd Ihe balanco wlll be Ir¥n8f•rrod to th• unr•tedfvnd8 lo u•e towath ilB ehorfioble Pur0. Sffllll ¢omp•nyprovl•lon• TNS report hes pared kn •cc¥*dan¢¢wlth lh• ¥mal companwo règ5m• undgr tho comn[MAct 2006. Approv•d byth&Boord on 9 jaY 2024 •Trd Jlgned on tt¥ hIltrY.. P Bou$18ad YNytee P Mot¢aWe TnJ#tee Pag•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'5 Report to the Trustees of Tho Fell Pony Soci I report on the accounts ofthe ccrnpany for the year ended 31 OLtoEer 2023, which are set cut on pages 8 to 20. Respectlve responslbllltles of trUee$ and examlner Tha trustoas (who ara also th& directors of tha company for tha purposes of company lawl aro rospongblè for tha preparation of the accounts. The trustees consider that an audit is not required for this year under s&tion 144121 of the Charitie5 Act 2011 (the 2011 Act) and that an independent examination 15 n&ed. Having satisfied mysèlf that tha charity is not sulig1* to audit undar Part 16 of tho Companio9 Act 2006 and is 81igiblè for indapendant &xamination, it is my rospongbility to.. xamine the acwunts under 5edion 145 ofth8 2011 Act- follow the procedures laid down in the General Directions given by the Charity Commission under section 145151 Ibl of the 2011 A¢t.' and stata whothar particular mattors havo come to my attontion. Basis of independent examinerfs report My exarnination was caled out in accordan wth the General Llrections gwen by the Charty Commission. An examination includes a review of the acccyjnting records kept by the tharity and a (omparison of the accounts prosent8d with thos& OrdS. 11 also includos considèration ol any unusual itèms or disclosures in th& accounts, and seeking explanations from you as trustees concerning any such mattels. The procedure5 undertaken do not provide all the evidence that would be required in an audit arKI consequendy opinion 15 given a5 to thether the acuntS present a 'true and fair and the report is linryt&l to those matters set out in the statement below. Independent examinerfs statement In connection bmth my exarrination, no matter has D)me to rny attention.. 111 whith gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting reo)rds in accordancewith Secti 386 ofthe Ccmpanies Act 2006., and to preparè accounts which accord with thè accounting r8¢ords, Gomply wth the aGcounting rulle[ents of Section 396 of the Cornpanies Aci 2CK)6 and with the methods and principl&s of the StaterrEnt of Recornrnendèj Practi.. Accountsng and RepJrtiThJ by Charities have not been met., c 12) to which, in my opinion, attèntion shujld bo drawn in ordar to snabla a propar undgrstanding of thg accounts to rèachgd. FIFfEEN Rosehill Montgomery Way Rosghill Estatè CARLISLE CA12RW eTh Inson FCA & Co L4miled artered Acccunt3nts 9 January 2024 Page 6
The Fell Pony Society
Statement of Financial Activities (including Income and Expenditure Account ) for the Year Ended 31 October 2023
| 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 Restricted Total Funds Total Funds Funds Funds 2023 2022 £ £ £ £ 8,018 13,500 21,518 16,228 2,255 - 2,255 2,635 1,420 - 1,420 47 71,042 - 71,042 95,844 |
|---|---|
| 82,735 13,500 96,235 114,754 |
|
| 82,850 17,420 100,270 123,381 |
|
| 82,850 17,420 100,270 123,381 |
|
| (115) (3,920) (4,035) (8,627) 124,876 112,521 237,397 246,024 |
|
| 124,761 108,601 233,362 237,397 |
All of the Charity's activities derive from continuing operations during the above periods.
The notes on pages 9 to 19 form an integral part of these financial statements.
Page 7
Th• Foll Pony Soct•ty Company Trglstrallon numb•r: 03233346 8al•n¢e SIet u at 31 October 2023 2022 Not• FIK•d M•ts T•fig8 085•ts 13,189 13.1M Sto¢k¥ 8nd In progrn 628 2,8Cp) 217,72e 227,052 6,J36 2.833 12 Ctsh Bl bank •nd In h•r4J 2a2.071 CMdll¢rn: Amoun¢• lalllng du• wmhln on• 6,879 7,868 224,203 N•1 ¢¥rr•nl•a1 220.173 233,382 237.807 N•t ts••ts Th• lund¥ olth• ¢h•rlty: 108.801 f12.521 Unr•stdd•d fund• Um$trl¢t•d IrDm•fund• 724.781 233,382 124.871 237.397 To¢•1 ¢h•rlfy fund• For tha finandal yeRr Dnd•d 31 OcicO¢r 2023, the OTr11•d to •xénWon frrrfn •udlt urth 4T7 01 t Comp#nlo• 2006. Th• m•mbern rtquhd lh• chorty to obialn w •udli ol tt• acvJunl8 ltsr Ihe y•¥ In qwBtkm kn xterdpn¢• •eclth 476 oflh•A¢L Th• throcknvs •¢kn0Vdg lh rO%punbHm for g)mplying vlth Ihg r•qulr•m•nts ol th Acl *lth rn8P•Ct io •¢¢ourtryJ T•¢ordJ •nd th• pftyr•tlonof•c¢ounlg. Thox acc¢un15 have b8•n prop8F•d In ¥L%¢rd•ne• tho applScaNo to subhctto Iha Jmo11
)Mpa•S r•glme. Approved bylhe Board on 9 January 224 •lDn•d on tt• b•hplfby. p ¢[0 TN8leè The not98 on paggB 9 to 19 fomian Intsoral put o1thg¥0 ffnandal 8t•lem8nts. PA8
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2023
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.
Page 9
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2023
. ......... continued
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.
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.
Page 10
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2023
. ......... continued
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.
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.
Page 11
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2023
. ......... continued
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.
Prior period restatement
This prior period restatement relates to the legacy received in 2018 for £150,000 from Miss Carslaw for the upkeep of her fell ponies. The original purpose of the legacy is to contribute to the care of two fell ponies and on the death of the last of these fell ponies, the restriction on the funds is lifted and the balance will be transferred to the charity’s unrestricted funds to use towards its charitable purpose. At the time of receipt £50,000 was treated as restricted and £100,000 as unrestricted, more information has been provided this year and it is apparent that the full £150,000 should have been treated as restricted until the death of the last pony. This has resulted in opening unrestricted reserves decreasing from £227,943 to £127,943 and opening restricted reserves increasing from £18,081 to £118,081. Carried forward unrestricted reserves have decreased from £224,876 to £124,876 and carried forward restricted reserves have increased from £12,521 to £112,521.
Page 12
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2023
. ......... continued
2 Donations and legacies
| Donations and legacies Legacies and bequests Donations Grants Horserace betting levy board |
Unrestricted Funds £ - 8,018 |
Restricted Funds £ 6,000 - |
Total Funds 2023 £ 6,000 8,018 |
Total Funds 2022 £ 4,500 4,728 |
|---|---|---|---|---|
| 8,018 - |
6,000 7,500 |
14,018 7,500 |
9,228 7,000 |
|
| 8,018 | 13,500 |
21,518 |
16,228 |
Of the donations and legacies income in 2022, £4,728 related to unrestricted funds and £11,500 related to restricted funds.
3 Other trading activities
| Advertising and sponsorship | Unrestricted Funds £ 2,255 |
Restricted Funds £ - |
Total Funds 2023 £ 2,255 |
Total Funds 2022 £ 2,635 |
|---|---|---|---|---|
All of the other trading activites income in 2022 related to unrestricted funds.
4 Investment income
| Deposit account interest | Unrestricted Funds £ 1,420 |
Restricted Funds £ - |
Total Funds 2023 £ 1,420 |
Total Funds 2022 £ 47 |
|---|---|---|---|---|
All of the donations and legacies income in 2022 related to unrestricted funds.
Page 13
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2023
. ......... 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 Restricted Total Funds Total Funds Funds £ Funds £ 2023 £ 2022 £ 32,697 - 32,697 32,670 412 - 412 315 100 - 100 50 178 - 178 310 2,325 - 2,325 3,880 8,938 - 8,938 15,614 6,669 - 6,669 8,582 - - - 13,888 4,876 - 4,876 5,780 7,915 - 7,915 8,560 2,685 - 2,685 3,082 2,520 - 2,520 988 142 - 142 130 585 - 585 1,310 1,000 - 1,000 685 |
|---|---|
| 71,042 - 71,042 95,844 |
All of the income from charitable activities in 2022 related to unrestricted funds.
Page 14
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2023
. ......... continued
6 Expenditure
| Direct costs Upkeep of fell pony 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 Total Total the society 2023 2022 £ £ £ 10,705 10,705 10,830 7,518 7,518 8,207 6,715 6,715 6,230 - - 7,667 5,867 5,867 13,215 - - 500 31,129 31,129 31,070 172 172 167 699 699 443 1,795 1,795 5,024 - - 10,000 3,928 3,928 1,088 1,496 1,496 1,444 |
|---|---|
| 70,024 70,024 95,885 |
|
| 86 86 449 4,964 4,964 4,402 679 679 688 105 105 26 1,176 1,176 1,057 9,313 9,313 8,659 9,365 9,365 8,431 1,440 1,440 1,200 258 258 72 1,455 1,455 1,058 600 600 600 800 800 848 5 5 6 |
|
| 30,246 30,246 27,496 |
|
| 100,270 100,270 123,381 |
Of the expenditure in 2022, £106,321 related to unrestricted funds and £17,060 related to restricted funds.
Page 15
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2023
. ......... continued
7 Governance costs
| Accountancy fees Independent examiner's fee Trustee meeting venue hire Legal and professional fees |
2023 2022 £ £ 1,455 1,058 600 600 258 72 800 848 3,113 2,578 |
|---|---|
8 Trustees' remuneration and expenses
During the year 1 trustee received a honorarium totalling £996 (2022 - £944).
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 |
2023 £ 5 2023 £ 31,129 |
2022 £ 6 2022 £ 31,070 |
|---|---|---|
10 Employees' remuneration
No employee received emoluments of more than £60,000 during the year (2022 - No. 0).
The key management personnel comprise the Trustees. The total employee benefits of the key management personnel of the Charity were £0 (2022 - £0).
Page 16
The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2023
. ......... continued
11 Tangible fixed assets
| Cost As at 1 November 2022 and 31 October 2023 Depreciation As at 1 November 2022 Charge for the year As at 31 October 2023 Net book value As at 31 October 2023 As at 31 October 2022 |
Equipment £ 6,647 6,628 5 6,633 14 19 |
Trophies £ 13,175 - - - 13,175 13,175 |
Total £ 19,822 6,628 5 6,633 13,189 13,194 |
|---|---|---|---|
12 Debtors
| Trade debtors Prepayments and accrued income Creditors: Amounts falling due within one year Trade creditors Other creditors Accruals and deferred income |
2023 £ 181 2,619 2,800 2023 £ 4,221 226 2,432 6,879 |
2022 £ - 2,833 |
|---|---|---|
| 2,833 | ||
| 2022 £ 5,199 252 2,417 |
||
| 7,868 |
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.
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The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2023
. ......... continued
15 Operating lease commitments
As at 31 October 2023 the charity had total future minimum lease payments under non-cancellable operating leases as follows:
| Within one year Within two and five years |
Other 2023 £ 2022 £ 533 - - 1,244 533 1,244 |
|---|---|
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 2022 £ 124,876 8,217 104,304 112,521 237,397 |
Incoming resources £ 82,735 7,500 6,000 13,500 96,235 |
Resources expended £ (82,850) (6,715) (10,705) (17,420) (100,270) |
At 31 October 2023 £ 124,761 |
|---|---|---|---|---|
| 9,002 99,599 |
||||
| 108,601 | ||||
| 233,362 |
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.
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The Fell Pony Society
Notes to the Financial Statements for the Year Ended 31 October 2023
. ......... continued
Prior period
| General Funds General fund Restricted Funds Horserace Betting Levy Board Fell Pony Upkeep |
At 1 November 2021 as restated £ 127,943 7,447 110,634 118,081 246,024 |
103,254 7,000 4,500 11,500 114,754 Incoming resources £ |
(106,321) Resources expended £ |
124,876 At 31 October 2022 as restated £ |
|---|---|---|---|---|
| (6,230) (10,830) |
8,217 104,304 |
|||
| (17,060) | 112,521 | |||
| (123,381) | 237,397 |
18 Net assets by fund
| Tangible assets Current assets Creditors: Amounts falling due within one year Net assets Prior period Tangible assets Current assets Creditors: Amounts falling due within one year Net assets |
Unrestricted Funds £ 13,189 211,241 (99,669) 124,761 Unrestricted Funds as restated £ 13,194 119,550 (7,868) 124,876 |
Restricted Funds £ - 108,601 - 108,601 Restricted Funds as restated £ - 112,521 - 112,521 |
Total Funds 2023 £ 13,189 227,052 (6,879) 233,362 Total Funds 2022 £ 13,194 232,071 (7,868) 237,397 |
Total Funds 2022 £ 13,194 232,071 (7,868) 237,397 Total Funds 2021 £ 13,200 238,549 (5,725) 246,024 |
||||
|---|---|---|---|---|---|---|---|---|
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The Fell Pony Society
Statement of financial activities by fund Year Ended 31 October 2023
| Income Donations Legacies and bequests Advertising and sponsorship Deposit account interest Subscriptions Affiliation fees AI permit Miscellaneous FIS income Stud books and promotional merchandise Shows and other events Centenary income Registration Transfers Stallion licences Horserace betting levy board DNA Pony sales list Duplicate passports Prefix applications Expenditure 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 DNA expenses Honoraria Insurance Travelling 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 |
2023 £ 2022 £ 8,018 4,728 6,000 4,500 2,255 2,635 1,420 47 32,697 32,670 412 315 100 50 178 310 2,325 3,880 8,938 15,614 6,669 8,582 - 13,888 4,876 5,780 7,915 8,560 2,685 3,082 7,500 7,000 2,520 988 142 130 585 1,310 1,000 685 96,235 114,754 10,705 10,830 7,518 8,207 6,715 6,230 - 7,667 5,867 13,215 - 500 31,129 31,070 172 167 699 443 1,795 5,024 3,928 1,088 1,496 1,444 4,964 4,402 86 449 1,960 1,771 9,313 8,659 9,365 8,431 1,440 1,200 258 72 - 10,000 2,055 1,658 800 848 5 6 100,270 123,381 (4,035) (8,627) |
|---|---|
This page does not form part of the statutory financial statements.
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