## **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 Trust￿8. Report1￿ th• Y•ar Erbd•d 31 O¢tobv 2023 Ihe 8¢yar￿MIni)lOdUCatkn throug* shaHry ol The Foll Ponyfilm. tyw and wiformotsn. Mo¢Je a¥￿1•bIl onllne 1ty8harfnq￿ al Lnt8resl4d parfles ￿v*n￿ng kn￿ledge olcorrecl typ• •nd bre•d skndwds. croa￿On of￿￿11¢￿9￿1hrVu0h th¢ Aroa sUp￿rt GrouF6. the 1LIO mn& ¢halleng• Ind the 98 mll• ehJll•nga, Encouraglrrfj fell pony owr*rs to partak• In distance ch8llJnge8, H￿Al19h¢￿g the Vorsath￿ ol th• br••d bBytsnd the shew Tlng, rntlng a ¢ommunlly Iiylhg th•flenge&on Fa￿boOk 80d61 m•dla psy6. Fell pony wdety Dlsplay Taam. edUca￿￿d auther*c4J4 el thè general ptknlk at ￿nty events. g￿rt) Fem Penlos a wblcw8unc•¥tcounby sh￿ by performlng mu•kal Ind pogeants￿fh CrynM￿8ry. Le8￿ng ￿tkn Idl6. •du¢8159Th01 tts Jkndi open to mgrnberl can kiom all A8pg¢ts ol pDDi95 b•lrv4 kèpt In th•* nI￿ra1 *n￿rOnM￿l. 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 Piobatkn*ry xhomè, advancem￿t ol prob•tknMry luthjm thmuoh tho s￿￿108 s(11￿. prOgres￿tvJ hdlvk4uo1$ onlo the breed ynel fo11th￿n9 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 4valla￿e 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 fBPt*l •rpJ it*m•nt•. Th• truslem hove n￿O%¥•d re¥èNo9 of th• ChHrtty. r•th th• Socl•VA CoDth￿d ¢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 so￿04, 0 9￿er81 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 Pur￿0. Sffllll ¢omp•nyprovl•lon• TNS report hes p￿ared kn •cc¥*dan¢¢wlth lh• ¥mal companwo règ5m• undgr tho com￿n[MAct 2006. Approv•d byth&Boord on 9 ja￿￿Y 2024 •Trd Jlgned on tt¥ ￿h￿IltrY.. 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 trU￿ee$ 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 ca￿led 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 ac￿untS 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 r￿ulle[￿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 SI￿et u at 31 October 2023 2022 Not• FIK•d *M•ts T•fig￿￿8 085•ts 13,189 13.1M Sto¢k¥ 8nd In progrn 6￿28 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 Ir*Dm•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 OTr￿11•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 •¢kn0V￿dg￿ lh* rO%pun￿bHm￿ 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 2￿24 •lDn•d on tt• b•hplfby. p ￿￿¢￿[0 TN8leè The not98 on paggB 9 to 19 fomian Intsoral put o1thg¥0 ffnandal 8t•lem8nts. PA￿8 **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. Page 17 **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. Page 18 ## **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| |---|---|---|---|---|---|---|---|---| |||||||||| |||||||||| Page 19 ## **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. Page 20