## **The Fell Pony Society** **(A company limited by guarantee)** ## **Annual Report and Financial Statements** ## **31 October 2024** **Company registration number: 03233346 Charity registration number: 1104945** ## **The Fell Pony Society** ## **Contents** |Reference and Administrative Details|1| |---|---| |Trustees' report|3| |Trustees' responsibilities in relation to the financial statements|5| |Independent examiner's report|6| |Statement of financial activities|7| |Balance sheet|8| |Notes to the financial statements|9| |The following does not form part of the statutory financial statements:|| |Detailed income and expenditure analysis|19| ## **The Fell Pony Society** ## **Reference and Administrative Details** **Charity name** The Fell Pony Society **Charity registration number** 1104945 **Company registration number** 03233346 **Principal office** Bank House Boroughgate APPLEBY-IN-WESTMORLAND CA16 6XF **Registered office** FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA1 2RW **Trustees** P Boustead, Chairman P Metcalfe, Vice Chariman (Resigned 6 April 2024) J E Greener, Vice Chairman A W Bell R J Brunskill S A Charlton G M Cockbain M R Goddard T E Lloyd G H B Mallinson H G Mawrey C S Millard W S Potter J L Rawden C H Robinson C E Simpson A Thorpe K Turner (Appointed 6 April 2024) E A Walker E J Whitley 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 2024** The financial statements have been prepared in accordance with the accounting policies set out in notes to theaccounts and comply with the charity’s governing document, the Charities Act 2011, as amended by the CharitiesAct 2022, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable tocharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK andRepublic of Ireland. ## **Structure, governance and management** The charity is controlled by its governing document, Memorandum and Articles of Association, a deed of trust and constitutes a limited company limited by guarantee, as defined by the Companies Act 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. Page 3 The Fell Pony Society Trustees, Report for the Year Ended 31 October 2024 The Sooety's prinapal actsvity during the year bfds acting as a Breed Sooety and Passport Issuing offi￿ (approved by DEFRAI, dealing v￿th registration of ponieslissuing and updating of passports, applications for memberships, publishing Stud Book and produong two magazines for the benefit of members. The magazine provides a wealth of infomiation about the administration of the Soaety, news and reports on events held and forthcoming events, merchandise available to purchase and awards Pfesented. In delermining these obieth'ves and actjviti'es the Trustees have paid due regard to the Charity Commission guidance on public benefit. Achievements and perforniance The overall number of members was very slighdy less than in 2023. Society events continue to be well supported by exhibitors as well as spectators. There is new and continued inlerest in the Fell Pony, which is pleasing to see. The Society very much looks forward to a successful 2025. Financlal review See analysis following report and statement5. The trustees have rewewed the reserves of the Chanty. This review encompassed the nature of the Society's continued commitments and future gro￿. The review conduded that to allow the Charity to be managed effiaently and to provide a buffer for uninterrupted services, a general reserve equivalent to approximately 75% or 9 months of fund expendrture should be maintained. The total unrestricted reserves held by the charity al 31 October 2024 were £120,521 vAth free reseNes of £107,336, which exceeds the current reserves policy. Small company provlslons This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Approved by the Board on 14 January 2025 and signed on its behalf by.. P Boustead Trustee tee Page 4 ## **The Fell Pony Society** ## **Trustees' Responsibilities in relation to the Financial Statements** The trustees (who are also directors of The Fell Pony Society for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and the Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5 ## **Independent Examiner's Report to the Trustees of** ## **The Fell Pony Society** I report on the accounts of the company for the year ended 31 October 2024, 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 as amended by the Charities Act 2022 (the 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 Act; - follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 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. **----- Start of picture text -----**
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......................................... Joanne Thomlinson FCA Dodd & Co Limited Chartered Accountants FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA1 2RW 14 January 2025 Page 6 ## **The Fell Pony Society** ## **Statement of Financial Activities (including Income and Expenditure Account) for the Year Ended 31 October 2024** |**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**
**£**
4,799
1,988
3,390
70,198|**Restricted**
**Funds**
**£**
8,000
-
-
-|**Total Funds**
**2024**
**£**
12,799
1,988
3,390
70,198|**Total Funds**
**2023**
**£**
21,518
2,255
1,420
71,042| |---|---|---|---|---| ||80,375|8,000|88,375|96,235| ||84,615|14,781|99,396|100,270| ||84,615|14,781|99,396|100,270| ||(4,240)
124,761|(6,781)
108,601|(11,021)
233,362|(4,035)
237,397| ||120,521|101,820|222,341|233,362| All of the Charity's activities derive from continuing operations during the above periods. The notes on pages 9 to 18 form an integral part of these financial statements. Page 7 The Fell Pony Society Company ￿giStratIon number: 03233346 Balance Sheet as at 31 October 2024 2024 2023 Note Fixed assets Tangible assets 11 13.185 13,189 Current assets Stocks and work in progress Debtors Cash at bank and in hand 6,877 3,251 207,037 216,965 6,526 2,800 217,726 227,052 12 Creditors: Amounts falllng due wlthln one year 13 17,8091 (6,8791 Net current assets 209,156 220,173 Net assets 222,341 233,362 The funds of the charlty.. Restricted funds 101,820 108,601 Unrestricted funds Unrestricted income funds 120.521 124,761 Total charlty funds For the financial year ended 31 October 2024, the charity was entitled to exernption from audit under section 477 of the Companies Act 2006. 222,341 233,362 The members have not required the tharity to obtain an audit of its accounts for the year in question in accordance wth section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Act wth respect to accountrng records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small cnmpanies regime. Approved by the Board on 14 January 2025 and signed on its behalf by P Boustead Trustee J E Greener Trustee The notes on pages 9 to 18 fomi an integral part of these finanaal statements. Page 8 ## **The Fell Pony Society** ## **Notes to the Financial Statements for the Year Ended 31 October 2024** ## **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 2024** _......... 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. Where services or facilities are provided to the Charity as a donation that would normally be purchased from our suppliers, this benefit is included in the financial statements at its fair value unless its fair value cannot be realiably measured, then at cost to the donor or the resale value of the goods that are to be sold. 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. Page 10 ## **The Fell Pony Society** ## **Notes to the Financial Statements for the Year Ended 31 October 2024** _......... continued_ ## **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. ## **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 2024** _......... 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. ## **2 Donations and legacies** |**Donations and legacies**
Legacies and bequests
Donations
Miscellaneous
**Grants**
Horserace betting levy board|**Unrestricted**
**Funds**
**£**
-
4,784
15|**Restricted**
**Funds**
**£**
-
-
-|**Total Funds**
**2024**
**£**
-
4,784
15|**Total Funds**
**2023**
**£**
6,000
8,018
-| |---|---|---|---|---| ||4,799
-|-
8,000|4,799
8,000|14,018
7,500| ||4,799|8,000|12,799|21,518| Of the donations and legacies income in 2023, £8,018 related to unrestricted funds and £13,500 related to restricted funds. Page 12 **The Fell Pony Society** **Notes to the Financial Statements for the Year Ended 31 October 2024** _......... continued_ ## **3 Other trading activities** |Advertising and sponsorship|**Unrestricted**
**Funds**
**£**
1,988|**Restricted**
**Funds**
**£**
-|**Total Funds**
**2024**
**£**
1,988|**Total Funds**
**2023**
**£**
2,255| |---|---|---|---|---| All of the other trading activites income in 2023 related to unrestricted funds. ## **4 Investment income** |Deposit account interest|**Unrestricted**
**Funds**
**£**
3,390|**Restricted**
**Funds**
**£**
-|**Total Funds**
**2024**
**£**
3,390|**Total Funds**
**2023**
**£**
1,420| |---|---|---|---|---| All of the investment income in 2023 related to unrestricted funds. ## **5 Charitable activities** |Subscriptions
Affiliation fees
AI permit
Miscellaneous
FIS income
Stud books and promotional merchandise
Shows and other events
Registration
Transfers
Stallion licences
DNA
Pony sales list
Duplicate passports
Prefix applications|**Unrestricted**
**Funds**
**£**
32,645
433
150
1,110
2,930
5,936
6,929
5,870
6,890
3,625
2,010
60
485
1,125|**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total Funds**
**2024**
**£**
32,645
433
150
1,110
2,930
5,936
6,929
5,870
6,890
3,625
2,010
60
485
1,125|**Total Funds**
**2023**
**£**
32,697
412
100
178
2,325
8,938
6,669
4,876
7,915
2,685
2,520
142
585
1,000| |---|---|---|---|---| ||70,198|-|70,198|71,042| All of the income from charitable activities in 2023 related to unrestricted funds. Page 13 ## **The Fell Pony Society** ## **Notes to the Financial Statements for the Year Ended 31 October 2024** _......... continued_ ## **6 Expenditure** |**Direct costs**
Upkeep of fell pony
Shows and other events
Prizes - premiums (H.B.L.B)
Stud books and promotional merchandise
Staff costs
Affiliation fees
Prefix registrations
FIS expenses
DNA expenses
Honoraria
**Support costs**
Travelling
Insurance
Telephone
Office expenses
Computer expenses
Printing, stationery and equipment
Postage
Office rent
Trustee meeting venue hire
Accountancy fees
Independent examiner's fee
Legal and professional fees
Depreciation of equipment|**Promoting**
**and running**
**the society**
**£**
9,600
8,471
5,181
4,702
32,976
152
716
2,313
4,156
1,596|**Total**
**2024**
**£**
9,600
8,471
5,181
4,702
32,976
152
716
2,313
4,156
1,596|**Total**
**2023**
**£**
10,705
7,518
6,715
5,867
31,129
172
699
1,795
3,928
1,496| |---|---|---|---| ||69,863|69,863|70,024| ||62
5,161
765
99
1,026
6,549
10,755
1,800
196
1,716
600
800
4|62
5,161
765
99
1,026
6,549
10,755
1,800
196
1,716
600
800
4|86
4,964
679
105
1,176
9,313
9,365
1,440
258
1,455
600
800
5| ||29,533|29,533|30,246| ||99,396|99,396|100,270| Of the expenditure in 2023, £82,850 related to unrestricted funds and £17,420 related to restricted funds. Page 14 ## **The Fell Pony Society** ## **Notes to the Financial Statements for the Year Ended 31 October 2024** _......... continued_ ## **7 Governance costs** |Accountancy fees
Independent examiner's fee
Trustee meeting venue hire
Legal and professional fees|**2024**
**£**
1,716
600
196
800|**2023**
**£**
1,455
600
258
800| |---|---|---| ||3,312|3,113| ## **8 Trustees' remuneration and expenses** During the year 1 trustee received a honorarium totalling £996 (2023 - £996). ## **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|**2024**
**£**
4
**2024**
**£**
32,976|**2023**
**£**
5| |---|---|---| |||**2023**
**£**
31,129| ## **10 Employees' remuneration** No employee received emoluments of more than £60,000 during the year (2023 - No. 0). The key management personnel comprise the Trustees. The total employee benefits of the key management personnel of the Charity were £0 (2023 - £0). Page 15 ## **The Fell Pony Society** ## **Notes to the Financial Statements for the Year Ended 31 October 2024** _......... continued_ ## **11 Tangible fixed assets** |**Cost**
As at 1 November 2023 and 31 October 2024
**Depreciation**
As at 1 November 2023
Charge for the year
As at 31 October 2024
**Net book value**
As at 31 October 2024
As at 31 October 2023
**Debtors**
Trade debtors
Prepayments and accrued income
**Creditors: Amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income|**Equipment**
**£**
6,647
6,633
4
6,637
10
14||**Trophies**
**£**
13,175
-
-
-
13,175
13,175
**2024**
**£**
424
2,827
3,251
**2024**
**£**
4,793
340
2,676
7,809|**Total**
**£**
19,822
6,633
4
6,637
13,185
13,189
**2023**
**£**
181
2,619| |---|---|---|---|---| |||||2,800| |||||**2023**
**£**
4,221
226
2,432| |||||6,879| ## **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 2024** _......... continued_ ## **15 Operating lease commitments** As at 31 October 2024 the charity had total future minimum lease payments under non-cancellable operating leases as follows: |Within one year
Within two and five years
**Related parties**
**Controlling entity**
The charity is controlled by the trustees who are all directors of the
**Analysis of funds**
**At 1**
**November**
**2023**
**£**
**General Funds**
General fund
124,761
**Restricted Funds**
Horserace Betting Levy Board
9,002
Fell Pony Upkeep
99,599
108,601
233,362|company.
**Incoming**
**resources**
**£**
80,375
8,000
-
8,000
88,375||**Other**
**2024**
**£**
**2023**
**£**
569
533
2,276
-
2,845
533
**Resources**
**expended**
**At 31**
**October 2024**
**£**
**£**
(84,615)
120,521
(5,181)
11,821
(9,600)
89,999
(14,781)
101,820
(99,396)
222,341|**Other**
**2024**
**£**
**2023**
**£**
569
533
2,276
-
2,845
533
**Resources**
**expended**
**At 31**
**October 2024**
**£**
**£**
(84,615)
120,521
(5,181)
11,821
(9,600)
89,999
(14,781)
101,820
(99,396)
222,341| |---|---|---|---|---| |||||| |||||11,821
89,999| |||||101,820| |||||222,341| ## **16 Related parties** ## **17 Analysis of funds** Horserace Betting Levy Board - grant received to cover prize expenditure and premiums payable. Fell Pony Upkeep - legacy received for the upkeep of one fell pony. Page 17 ## **The Fell Pony Society** ## **Notes to the Financial Statements for the Year Ended 31 October 2024** _......... continued_ ## **Prior period** |**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)|**At 31**
**October 2023**
**£**
124,761| |---|---|---|---|---| ||||(6,715)
(10,705)|9,002
99,599| ||||(17,420)|108,601| ||||(100,270)|233,362| ## **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**
**£**
13,185
200,550
(93,214)
120,521
**Unrestricted**
**Funds**
**£**
13,189
211,241
(99,669)
124,761||**Restricted**
**Funds**
**£**
-
101,820
-
101,820
**Restricted**
**Funds**
**£**
-
108,601
-
108,601||**Total Funds**
**2024**
**£**
13,185
216,965
(7,809)
222,341
**Total Funds**
**2023**
**£**
13,189
227,052
(6,879)
233,362||**Total Funds**
**2023**
**£**
13,189
227,052
(6,879)
233,362
**Total Funds**
**2022**
**£**
13,194
232,071
(7,868)| |---|---|---|---|---|---|---|---|---| |||||||||| |||||||||| |||||||||237,397| Page 18 ## **The Fell Pony Society** ## **Detailed Income and Expenditure Analysis for the Year Ended 31 October 2024** |**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
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)
Stud books and promotional merchandise
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
Accountancy and independent examiner's fee
Legal and professional fees
Depreciation of equipment|**2024**
**2023**
**£**
**£**
4,784
8,018
-
6,000
1,988
2,255
3,390
1,420
32,645
32,697
433
412
150
100
1,125
178
2,930
2,325
5,936
8,938
6,929
6,669
5,870
4,876
6,890
7,915
3,625
2,685
8,000
7,500
2,010
2,520
60
142
485
585
1,125
1,000| |---|---| ||88,375
96,235| ||9,600
10,705
8,471
7,518
5,181
6,715
4,702
5,867
32,976
31,129
152
172
716
699
2,313
1,795
4,156
3,928
1,596
1,496
5,161
4,964
62
86
1,890
1,960
6,549
9,313
10,755
9,365
1,800
1,440
196
258
2,316
2,055
800
800
4
5| ||99,396
100,270| ||(11,021)
(4,035)| This page does not form part of the statutory financial statements. Page 19