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← Margaret Haes Riding Centre Ltd

2023-05-31-accounts

Charity Number: 1106437

Company Registration Number: 05139211

MARGARET HAES RIDING CENTRE LIMITED

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

MARGARET HAES RIDING CENTRE LIMITED

CONTENTS

Page
Trustees’ report 2 – 8
Independent Examiner’s report 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 -19

1

MARGARET HAES RIDING CENTRE LIMITED

TRUSTEE’S REPORT

FOR THE YEAR ENDED 31 MAY 2023

A Momentous Year

A truly momentous year for the charity. In March 2023, the purchase of the stables, arenas and grazing land, secured the future of the Riding Centre for generations to come. The culmination of a major, year-long campaign.

Success was due to a combination of incredible support from the community, collaboration with new partners, financial support from a generous benefactor and an award of match funding from the Government’s Community Ownership Fund, part of the Levelling Up initiative.

The challenge of the campaign, brought new energy to the charity in the form of a restatement of purpose and a reaching out to the wider community. It involved identifying new funding streams, including applying for grants from national and local organisations.

The Riding Centre has been in the same location for over 50 years and was under threat and having touched the lives of so many, the community wanted us to stay; to be there for future generations.

A momentous year and the future looks exciting, with further developments to help the charity become even more sustainable working with the community and partners. In particular, PossAbilities CIC, continues to provide substantial pro-bono consultancy and other welcomed support.

Moreover, an application to become a British Horse Society (BHS) Approved Centre has begun with investment in upskilling staff. BHS approval will enable the charity to offer nationally recognised equine qualifications/career pathways as well as join the BHS Changing Lives Through Horses programme which is aimed at those with additional needs and young people disengaged with school or college.

Importantly, with ownership we can unlock the potential of the site, including a new community facility available for well-being activities. We are exploring and developing ideas around wider community use; improving the access road; and reinventing some of our spaces to provide additional income and give us greater sustainability.

Our Charitable Purpose

The Trustees remain aware of the Charity Commission’s public benefit guidance, which informs everything we do, from making decisions to the overall running of the charity.

2

MARGARET HAES RIDING CENTRE LIMITED

TRUSTEE’S REPORT Continued

FOR THE YEAR ENDED 31 MAY 2023

The main purpose of the Riding Centre is to enable people with disabilities to experience the enjoyment, challenge and a sense of achievement, through participation in equestrian activities in an inclusive and integrated environment.

Horses touch the lives of people, helping them to heal and to embrace the new and the possible. That’s the Spirit of the Horse. Through horses, we hope that children and adults with learning disabilities, physical and mental health disabilities, and emotional and social challenges; will be empowered to lead active, healthy and fulfilling lives. Being around horses has a positive impact on health and wellbeing.

Volunteer opportunities start at 13 years old, and we currently have 30 volunteers who muck out, groom, support lessons and keep our Centre in good order. The well being and mental health impact of being around horses, also benefits our volunteers.

There is much evidence to show that riding produces physical improvements such as increased core strength, better co-ordination, improved mobility and an overall increase in fitness. We see more confidence, greater self-awareness, improved communication skills and overall more positive and beneficial states of mind.

People with disabilities form more than 50% of our client base. Their riding fees are partly subsidised by those without disabilities through our differential pricing model. In addition to the social equity, this also sees people with and without disabilities sharing their mutual love of riding and helps to break down the stigma around disability.

We offer lessons and hacks from lead rein beginners through to more advanced lessons. All our riders are assessed on their riding ability as to which lessons or hacks they join. We continue to see 160 riders on a weekly basis. There has been a growth in demand for horse riding and the number on the waiting list for lessons has increased. The Riding Centre operates 6 days a week, including weekend, weekdays, evenings and most bank holidays.

Financial and community support

In addition to the £150,000 capital grant from the Government’s Community Ownership Fund towards the acquisition of the site, a further £21,500 revenue can be claimed/drawn down for project management costs, other post acquisition costs and development of the site as a community well-being hub.

The £10,000 grant received last year from the National Lottery Community Fund (TNL) specifically for future rent demands, was paid back in full as ownership of the site meant this was no longer needed. A new application to the TNL Community Fund for core costs support has been submitted and the outcome is awaited.

3

MARGARET HAES RIDING CENTRE LIMITED

TRUSTEE’S REPORT Continued

FOR THE YEAR ENDED 31 MAY 2023

The Foundation that supported the acquisition of the property donated further revenue support of £15,000 in May 2023 to support the charity on the development of the Riding Centre as new owners.

The charity was fortunate to secure other grants and donations, including £9,100 from the Pets at Home Foundation to contribute towards ever increasing annual veterinary and feedstuffs costs; and Ethical Health Ltd gave a substantial donation of £5,000 which secured the purchase of a new horse, Ollie.

As always Christmas, Easter and Halloween see’s fun activities at the Riding Centre led by our Instructors and volunteers. School holiday hacks to Peel Tower and pony mornings were enjoyed by many.

New developments

Our first equine apprentice is now in his final months of the course and this has been a great experience both for the individual and the charity.

The number of students on college and school work placements with the Riding Centre has increased every year. It is always a delight to have these students work with our staff and volunteers. We are fortunate to also have regular placements for those on veterinary medicine degree courses.

The Riding Centre continues to be used by the wider community. We are delighted to see so many organisations back for their summer programmes, as well as welcoming new groups such as Persona Care, the adult social care provider in Bury, and Mill School an independent specialist school; both offer great potential for future developments with people with learning disabilities.

The local community has supported many events in the year and the Riding Centre welcomes other charities and social groups to use the facility, including The Sunnywood Project, Bury and Ramsbottom District Scout Council and local Scout Groups.

The year saw the first theatre production in the outdoor arena, with over 160 attending a memorable evening watching Midsummer Night’s Dream by the award winning theatre company, Illyria. Grateful for the sponsorship of the event by PossAbilities CIC as well as support from a local company, Garic and Ramsbottom Rotary.

We have welcomed many visitors to the site in the year including Dehenna Davison MP, Minister for Levelling Up and the team from the Department of Levelling Up Housing and Communities, and James Hick, CEO of the British Horse Society.

4

MARGARET HAES RIDING CENTRE LIMITED

TRUSTEE’S REPORT Continued

FOR THE YEAR ENDED 31 MAY 2023

Other links continue to made and strengthened with our MP; local Councillor; Holcombe Village Society; Bury VCFA; and the Community Hub Manager for Bury North.

Looking towards a year of challenge and excitement

Securing the ownership of the site is the key to a bright future in which we can more securely take advantage of our superb location and repay the love that we have received from the community, by exploring and developing ideas around wider community use; improving the access road; and reinventing some of our spaces to provide additional income and give us greater sustainability.

Looking forward to future collaboration with the British Horse Society, the largest and most influential equestrian charity in the UK.

Financial Review:

Capital

The charity received a donation of £150K towards the capital cost of purchasing the Riding Centre from a generous benefactor. This was matched by a capital grant for £150K from the Government’s Community Ownership Fund (COF) and the property acquired at £300k. The COF grant agreement requires a legal charge in favour of the Secretary of State for the Department of Levelling Up Housing and Communities to be in place for a number of seven years.

Last year, the Charity raised £30k through a Crowdfunder for the property purchase. This designated fund was released in year, to unrestricted funds.

Revenue

Income:

The Charity’s income for the year to 31 May 2023 was £173.1K and reflects increased income from donations including Birtenshaw School which expanded weekly attendance to include new sessions on Mondays .

Expenditure:

Expenditure for the year was £182.7K and includes a grant repayment of £10k to TNL Community Fund.

Overall:

The Charity has a net loss of £9.6K. this year. The Charity has cash and bank balances totalling £65.8K.

5

MARGARET HAES RIDING CENTRE LIMITED

TRUSTEE’S REPORT Continued

FOR THE YEAR ENDED 31 MAY 2023

Reserves:

The charity has free reserves of £46.1K at the 31 May 2023.

There are concerns about the general economic outlook. As for all organisations, the year ahead will be challenging as cost pressures increase and some of our supporters will be unable to give to the charity as they have in the past as well as challenges recruiting volunteers.

However, the Trustees feel the level of reserves is adequate and that the charity has taken due consideration in the event of this future uncertainty.

Structure, Governance and Management:

The charity is a company limited by guarantee.

The governance of the charity continues to be strengthened. Trustees are volunteers and receive no payment for their time.

The Riding Centre is licenced by Bury MBC and in this year passed a rigorous and comprehensive assessment by Bury MBC.

Charity Trustees who Manage the Charity :

Andrew Butterworth Debra Batchelor - appointed 14 February 2022 Jan Green - appointed 18 November 2022

Amanda Radcliffe - appointed 8 December 2021, resigned 6 May 2023 Karen Connolly - appointed 13 April 2022, resigned 11 September 2022

6

MARGARET HAES RIDING CENTRE LIMITED

TRUSTEE’S REPORT Continued

FOR THE YEAR ENDED 31 MAY 2023

Reference and Administrative Details of the Charity and their Advisors

Charity Number 1106437 Business Address Moor Road Holcombe Bury BL8 4NX

Independent Richard Gahan FCCA Examiner 7 Kingsbury Close Tottington Bury Lancashire, BL8 1WA

Bankers

Barclays Bank PLC 51 Mosley Street Manchester, M60 2AU Co-operative Bank 70 - 72 Cross St Manchester, M2 4JG

Statement of the Trustees’ Financial Responsibilities

The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

The trustees are required to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of The Margaret Haes Riding Centre Limited and of its incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees should follow best practice and:

7

MARGARET HAES RIDING CENTRE LIMITED

TRUSTEE’S REPORT Continued

FOR THE YEAR ENDED 31 MAY 2023

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure the financial statements comply with the applicable law, regulations and the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provisions relating to small companies within part 15 of the Companies Act 2006. On behalf of the Board of Trustees.

==> picture [79 x 103] intentionally omitted <==

Andrew Butterworth 23 November 2023

8

MARGARET HAES RIDING CENTRE LIMITED

INDEPENDENT EXAMINER’S REPORT

FOR THE YEAR ENDED 31 MAY 2023

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 May 2023.

Responsibilities and basis of the report.

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

==> picture [119 x 77] intentionally omitted <==

Richard Gahan FCCA 23 November 2023

9

MARGARET HAES RIDING CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 MAY 2023

Notes
INCOMING AND ENDOWMENTS
Rides
Fundraising
Donations
Grant income
2
Gift Aid
Sale of tack
Other
Total income and endowments
EXPENDITURE
Shoeing
Vets fees
Feedstuffs
Horse care & medication
Dentist
Tack repairs & replacement
Instructors
Training & clothing
Riding licence
Depreciation - ponies
Depreciation – Land & Property
Depreciation – cabins
Depreciation – equipment
Depreciation – IT
Profit/Loss on disposal of assets
Movement to designated reserve
Administrative costs
3
Fire extinguisher rental/purchase
Heat & light
Fundraising costs
Telephone, IT & Internet
3
Insurance
Postage & stationery
3
Arena & development
Maintenance & transportation
Grant Repayment
Professional fees
Sundry
3
Bank Interest Paid
Total expenditure
NET movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted &
Restricted
Total
Total
Designated
Funds
Funds
2023
2022
£
£
£
£
70,182
-
70,182
69,434
3,728
-
3,728
47,469
83,348
-
83,348
36,785
1,500
9,100
10,600
17,317
3,481
-
3,481
9,144
1,176
-
1,176
1,415
631
-
631
820
164,046
9,100
173,146
182,384
7,950
-
7,950
6,025
4,295
2,522
6,817
8,005
3,404
6,578
9,982
10,619
6,228
-
6,228
3,555
540
-
540
450
3,853
-
3,853
3,879
82,282
692
82,974
68,892
4,863
-
4,863
155
1,083
-
1,083
220
2,038
-
2,038
1,803
1,500
-
1,500
-
100
-
100
100
636
-
636
212
-
425
425
510
(565)
-
(565)
963
(2,236)
-
(2,236)
(312)
20,021
-
20,021
16,505
107
-
107
178
2,762
-
2,762
3,393
858
-
858
8,959
877
-
877
1,180
5,446
-
5,446
4,497
516
-
516
230
3,549
-
3,549
13,678
6,445
-
6,445
6,651
-
10,000
10,000
-
3,512
-
3,512
8,314
1,812
-
1,812
2,726
669
-
669
238
162,545
20,217
182,762
171,625
1,501
(11,117)
(9,616)
10,759
62,517
14,090
76,607
65,848

64,018
2,973
67,991
76,607

The notes on page 12 to 19 form part of these accounts.

10

MARGARET HAES RIDING CENTRE LIMITED BALANCE SHEET FOR THE YEAR ENDED 31 MAY 2023

Notes
FIXED ASSETS
Tangible assets
4,7
CURRENT ASSETS
Trade Debtors
5
Other Debtors
5
Prepayments
5
Cash at bank and in hand
CREDITORS: Amounts falling due within one year
Accruals
6
Loan
6
Net Current Assets
CREDITORS: Amounts falling due after one year
Loan
6
NET ASSETS
FUNDS
Restricted Funds
7
Designated Funds
7
Unrestricted funds
7
Asset - Land & Property
7
Asset - Cabin
7
Asset - Equipment
7
TOTAL FUNDS		 2023
£
319,314
1,838
1,795
-
65,790
69,423
(3,206)
(1,800)
(5,006)
64,417
(15,300)
368,431
2,973
-
64,018
298,500
608
2,332
368,431		 2022
£
14,148
2,985
-
879
82,753
86,617
(2,482)
(900)
(3,382)
83,235
(17,100)
80,283
14,090
30,056
32,461
-
708
2,968
80,283

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director’s responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies’ subject of the small companies’ regime. The notes on pages 11 to 16 form part of these accounts.

Approved by the Board of Trustees and signed on their behalf by:

==> picture [61 x 79] intentionally omitted <==

Andrew Butterworth 23 November 2023

11

MARGARET HAES RIDING CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

ACCOUNTING POLICIES

1. Company information

Margaret Haes Riding Centre Limited is a company limited by guarantee and a registered charity, without share capital. The company is incorporated in England and Wales. The registered office is Moor Road, Holcombe, Bury BL8 4NX

1.1 Accounting convention

These financial statements have been prepared in accordance with FRS102 “the Financial Reporting Standard applicable in the UK Republic of Ireland” (“FRS102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The amounts are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention. The principal accounting policies are set out below and have remained unchanged from the previous year and consistently applied within the accounts.

1.2 Income and endowments

Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Income from able-bodied riders is included as income when it is received. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost.

Grant income from government departments, local authorities and non-departmental public bodies is accounted on an accruals basis. Grants relating to revenue are recognised in income on a systematic basis over the periods in which the related costs for which the grant is intended to compensate. Grants received for the purpose of giving immediate financial support to the charity with no future related costs are recognised in income when it is received.

1.3 Expenditure

Resources expended are recognised in the year in which they are incurred. Resources expended include attributable VAT, which cannot be recovered. The value of services provided by volunteers is not included in the accounts.

12

MARGARET HAES RIDING CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

Support costs are those costs incurred directly in support of expenditure on the objects of the charity. To assist the work of the charity but do not directly undertake charitable activities.

1.4 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated reserves are unrestricted funds of the charity, which the trustees have decided at their discretion to set aside for a specific purpose. Restricted funds are donations and grant income, which the donor has specified are to be solely used for particular areas of the charity’s work or for a specific project undertaken by the Trustees.

1.5 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, and other short-term liquid investments with original maturities of three months or less.

1.6 Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” and Section 12 “Other Financial Instruments Issues” of FRS 102 to all its financial statements.

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial asset

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

13

MARGARET HAES RIDING CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

De-recognition of financial liabilities

Financial liabilities are de-recognised when the company’s contractual obligations expire or are discharged or cancelled.

1.7 Taxation

United Kingdom Corporation Tax, Income Tax and grants to relieve such tax liabilities are not applicable to the company, as a result of its charitable status.

1.8 Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Ponies - Straight line – 10 years
Land & Buildings - Straight line – 50 years
Other Buildings – Cabins - Straight line – 10 years
Equipment - Straight line – 5 years
IT - Straight line – 3 years

14

MARGARET HAES RIDING CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 MAY 2023

2. GOVERNMENT & “OTHER” REVENUE GRANTS
Fund
Description
Pets at Home Fund
Restricted Funding to cover Pony welfare costs
TNL Community Fund
Restricted funding to assist with rental payments
Bury MBC
Restricted funding to assist those suffering with loneliness issues
Tesco Community Fund
Restricted funding for arena improvements, i.e. groundworks
Arnold Clark Community
Restricted funding for Volunteer’s clothing & equipment
Sport England
Restricted funding for outdoor arena improvements
Education & Skills Funding
Unrestricted Incentive apprenticeship
Total		 2023
2022
£
£
9,100
-
-
10,000
-
2,880
-
1,125
-
1,000
-
812
1,500
1,500
10,600
17,317
3. SUPPORT COSTS
Administrative Costs
Telephone, IT & Internet
Postage & Stationery
Sundries
Total		 2023
2022
£
£
20,021
16,505
877
1,180
516
230
1,812
2,726
23,226
20,641

15

MARGARET HAES RIDING CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS

4.
TANGIBLE		 FIXED ASSETS
COST
At 1 June 2022
Additions at cost
Disposals
At 31 May 2023
DEPRECIATION
At 1 June 2022
Charge for the year
Released
At 31 May 2023
NET BOOK VALUES
At 31 May 2023
At 31 May 2022		 Land &
Property
Ponies
Other
Buildings
Equipment
IT
Total
£
£
£
£*
-
18,150
1,000
3,180
1,530
23,860
300,000
11,700
-
-
-
311,700
-
(3,000)
-
-
-
(3,000)
300,000
26,850
1,000
3,180
1,530
332,560
-
8,102
293
212
1,105
9,712
1,500
2,038
100
636
425
4,699
-
(1,165)
-
-
-
(1,165)
1,500
8,975
393
848
1,530
13,246
298,500
17,875
607
2,332
-
319,314
-
10,048
707
2,968
425
14,148

In addition the Charity also borrows one other pony for riding activities at no cost.

* Land and Property –** Land, arenas and stables acquired for £300,000 on 1 March 2023. Part funded by a capital grant £150K received from the Government’s Community Ownership Fund (COF). The COF grant agreement requires a legal charge in favour of the Secretary of State for the Department of Levelling Up Housing and Communities to be in place for a number of seven years.

16

MARGARET HAES RIDING CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 MAY 2023

5. DEBTORS AND PREPAYMENTS
Trade Debtors
Other Debtors
Prepayments
Total
6. CREDITORS
Creditors amounts falling due within one year:
Accruals
Loan
Total
Creditors amounts falling due after one year:
Loan
Total		 2023
2022
£
£
1,838
2,985
1,795
-
-
879
3,633
3,864
2023
2022
£
£
3,206
2,482
1,800
900
5,006
3,382


15,300
17,100
15,300
17,100

The loan represents a Barclay’s “Bounce Back” Loan which is unsecured. The loan is payable monthly over ten years and will attract an interest rate of 2.5% per annum The Charity had a loan repayment holiday for six months starting 1[st] June 2022 and extended the term.

17

MARGARET HAES RIDING CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (Continued)

FOR THE YEAR ENDED 31 MAY 2023

7. ANALYSIS OF CHARITABLE FUNDS & RESERVES

Analysis of movements in unrestricted funds and reserves.

General Fund
Property Purchase Designated
Reserve
Land & Property
Cabin
Equipment
Total		 1 June
2022
Income &
Donations
Expenditure
Reserve
Transfer
Fixed
Asset
Dep’n
31 May
2023
£
£
£
£
£
£
32,461
164,046
(160,507)
30,056
(2,038)
64,018
30,056
-
-
(30,056)
-
-
-
300,000
-
-
(1,500)
298,500
708
-
-
-
(100)
608
2,968
-
-
-
(636)
2,332
66,193
464,046
(160,507)
-
(4,274)
365,458
Analysis of movements in unrestricted funds Analysis of movements in unrestricted funds Analysis of movements in unrestricted funds (prior year 2022). (prior year 2022).
1 June Income & Expenditure Fixed Fixed 31 May
2022 Donations Asset Asset 2022
Transfer/ Dep’n
Disposal
£ £ £ £ £ £
General Fund 64,390 133,629 (162,480) (963) (2,115) 32,461
Property Purchase Designated - 32,938 (2,882) - - 30,056
Reserve
Cabins 808 - - - (100) 708
Ponies 1,500 - - (1,500) - -
Equipment - 3,180 - - (212) 2,968
Total 66,698 169,747 (165,362) (2,463) (2,427) 66,193

Name of Unrestricted Fund Description, nature and purpose of funds General Fund Property Purchase Designated Reserve Land & Property

The “free reserves” after allowing for all designated funds. The reserve represents amounts collected as part of the Charity’s “Save Our Forever Home” Campaign in 2021/22. The reserve represents a private donation and funding from the Government’s Department of Levelling Up, Housing and Communities

The donated building assets fund is the value of cabin assets donated by a third party and used by the charity on an ongoing basis for riding activities.

Cabin

The reserve represents a donation from Bury Sickness in Relief to purchase specialised maintenance equipment.

Equipment

18

MARGARET HAES RIDING CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MAY 2022

7. ANALYSIS OF CHARITABLE FUNDS & RESERVES (continued).

Analysis of movements in restricted funds.

Pony Welfare
Rent
Equine Facilitated Learning
Volunteers Clothing
IT Infrastructure
Total		 1 June
2022
Income
Expenditure
Depreciation/
Repayment
31 May
2023
£
£
£
£
£
-
9,100
(9,100)
-
-
10,000
-
(10,000)
-
2,415
(105)
-
2,310
1,000
(587)
-
413
675
(425)
250
14,090
9,100
(9,792)
(10,425)
2,973

Analysis of movements in restricted funds (prior year 2022).

Rent
Equine Facilitated Learning
Volunteers Clothing
Outdoor Arena Groundworks
Indoor & Outdoor Arena
IT Infrastructure
Volunteers Training
Total		 1 June
2021
Income
Expenditure
Depreciation
31 May
2022
£
£
£
£
£
-
10,000
-
-
10,000
-
2,880
(465)
-
2,415
-
1,000
-
-
1,000
-
1,125
(1,125)
-
-
-
812
(812)
-
-
1,185
-
-
(510)
675
273
-
(273)
-
-
1,458
15,817
(2,675)
(510)
14,090

Name of Restricted Fund Description, nature and purpose of funds

Pets at Home Fund TNL Community Fund Bury MBC EFL Support Arnold Clark Volunteer Clothing Tesco Outdoor Arena Groundworks Indoor & Outdoor Arena St James Place IT Infrastructure Improvements Volunteers Training

Funds to support costs associated with Pony Welfare Funds to assist with operating costs i.e. rental payments Funds to assist those with isolation & loneliness issues. Funds to cover the cost of Volunteer’s clothing & uniform. Funds to support groundworks to the outdoor arena.

Funds to refurbish and improve the indoor and outdoor arena Funds to install IT equipment and software for the recording of financial transactions.

Funds to provide volunteer and instructor training.

19