| Page | |||
|---|---|---|---|
| Trustees' annual report |
|||
| Independent examiner's report |
to the trustees | ||
| Statement offinancial activities | |||
| Statement offinancial position |
|||
| Statement ofcash flows | |||
| Notes to the financial statements | 10 | ||
| The following pages do not form part of |
the financial statements | ||
| Detailed statement offinancial |
activities | 20 | |
| Notes to the detailed statement |
offinancial | activities | 21 |
| The trustees present 5April 2022. |
The trustees present 5April 2022. |
The trustees present 5April 2022. |
their report | and the unaudited | financial statements | ofthe charity for the year ended |
|---|---|---|---|---|---|---|
| Reference | and administrative | details | ||||
| Registered | charity | name | The Stables Horse Activity Centre | |||
| Charity registration | number | 1108451 | ||||
| Principal office | 180Scotland Green Road North, | |||||
| Enfield | ||||||
| Middlesex | ||||||
| EN3 7AT | ||||||
| United Kingdom | ||||||
| The trustees | ||||||
| James Flannery | (Chairman) | |||||
| Teresa Bull | ||||||
| Michaelle StVincent | ||||||
| William StVincent | ||||||
| Ms Elaine Munro | ||||||
| Karen J Chenery | (Appointed 27 May 2021) | |||||
| Claire EWicking | (Appointed 4August 2021) | |||||
| Ann M Gruszkos |
(Appointed 5August 2021) | |||||
| Company | secretary | Elaine Munro | ||||
| Independent | examiner | Paul Phillips FCA |
||||
| Brian Paul Limited | ||||||
| Chase Green House | ||||||
| 42 Chase Side | ||||||
| Enfield | ||||||
| Middlesex | ||||||
| EN2 6NF |
| Year ended 5April 2 | 022 | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | |||||
| funds | Total funds | Total funds | |||
| Note | 6 | 6 | F | ||
| Income and endowments | |||||
| Donations and legacies |
4 | 219,713 | 219,713 | 167,396 | |
| Investment income |
5 | 6 | 6 | 26 | |
| Other income | 6 | 6105 | 6105 | ||
| Total Income | 225,824 | 225,824 | 167,422 | ||
| Expenditure | |||||
| Expenditure on charitable |
activities | 7,8 | 205,385 | 205,385 | 180,312 |
| Total expenditure | 205,385 | 205,385 | 180,312 | ||
| Net Income/(expenditure) | and net movement | in funds | 20,439 | 20,439 | (12,890) |
| Reconciliation offunds |
|||||
| Total funds brought forward | 255,139 | 255,139 | 268,029 | ||
| Total funds carried forward | 275,578 | 275,578 | 255,139 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | 6 | ||||
| Fixed assets | |||||
| Tangible fixed assets | 13 | 156,936 | 177,057 | ||
| Current assets | |||||
| Stocks | 14 | 17,301 | 11,001 | ||
| Debtors | 15 | — | 9,097 | ||
| Cash at bank and | in | hand | 106,761 | 69,211 | |
| 124,062 | 89,309 | ||||
| Creditors: amounts | falling due within one year | 16 | 5,420 | 8,027 | |
| Net current assets | 118,642 | 81,282 | |||
| Total assets less | current liabilities | 275,578 | 258,339 | ||
| Creditors: amounts | falling due after more than one year | 17 | 3,200 | ||
| Net assets | 275,578 | 255,139 | |||
| Funds ofthe charity | |||||
| Unrestricted funds |
275,578 | 255,139 | |||
| Total charity funds | 20 | 275,578 | 255,139 |
| Year ended 5April 20 | 22 | |||
|---|---|---|---|---|
| 2022 f |
2021 f |
|||
| Cash flows from operating | activities | |||
| Net income/(expenditure) | 20,439 | (12,890) | ||
| Adjustments for: |
||||
| Depreciation oftangible fixed assets |
26,361 | 25,737 | ||
| Government grant income |
(9,080) | (7,689) | ||
| Other interest receivable and similar income Interest payable and similar charges |
(6) 1,420 |
(26) 459 |
||
| Accrued income | (1,007) | (272) | ||
| Changesin: | ||||
| Stocks | (6,300) | |||
| Trade and other debtors | 9,097 | 491 | ||
| Trade and other creditors | (4,800) | 4,175 | ||
| Cash generated from operations |
36,124 | 9,985 | ||
| Interest paid | (1,420) | (459) | ||
| Interest received | 6 | 26 | ||
| Net cash from operating activities |
34,710 | 9,552 | ||
| Cash flows from investing | activities | |||
| Purchase oftangible assets |
(6,240) | (38,332) | ||
| Net cash used in investing activities |
(6,240) | (38,332) | ||
| Cash flows from financing | activities | |||
| Government grant income |
9,080 | 7,689 | ||
| Other loans | 10,000 | |||
| Loan repayment | (4,800) | (2,000) | ||
| Net cash from financing activities |
4,280 | 15,689 | ||
| Net increase/(decrease) in Cash and cash equivalents |
cash and cash at beginning |
equivalents ofyear |
37,550 69,211 |
(21,091) 90,302 |
| Cash and cash equivalents | at end ofyear | 106,761 | 69,211 |
| Unrestricted | Restdcted | Total Funds | |||||
|---|---|---|---|---|---|---|---|
| Funds f |
Funds | 2022 f |
|||||
| Donations | |||||||
| Social care | income | 116,249 | 116,249 | ||||
| Riding lessons | 79,108 | 79,108 | |||||
| Donations | 11,190 | 11,190 | |||||
| Fundraising | activities | 2,123 | 2,123 | ||||
| Rent | 1,963 | 1,963 | |||||
| Grants | |||||||
| Government | grant income | 9,080 | 9,080 | ||||
| 219,713 | 219,713 | ||||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2021 | |||||
| E | |||||||
| Donations | |||||||
| Social care | income | 95,189 | 95,189 | ||||
| Riding lessons | 16,828 | 16,828 | |||||
| Donations | 32.182 | 10,000 | 42,182 | ||||
| Fundraising | activities | 5,508 | 5,508 | ||||
| Rent | |||||||
| Grants | |||||||
| Government | grant income | 7,689 | 7,689 | ||||
| 157,396 | 10,000 | 167,396 | |||||
| 5. | Investment | income | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds E |
2022 f |
Funds E |
2021 f |
||||
| Bank interest | receivable | 6 | 6 | 26 | 26 | ||
| 6. | Other income | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds E |
2022 f |
Funds | 2021 E |
||||
| Gift aid | 6,105 | 6,105 |
| Expenditure | on charitable activities |
by fund type | ||
|---|---|---|---|---|
| Unrestricted | Restricted | TotalFunds | ||
| Funds | Funds | 2022 | ||
| E | E | |||
| Direct activity | 203,135 | 203,135 | ||
| Governance | costs | 2,250 | 2,250 | |
| 205,385 | 205,385 | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| E | E | E | ||
| Direct activity | 168,212 | 10,000 | 178,212 | |
| Governance | costs | 2,100 | 2,100 | |
| 170,312 | 10,000 | 180,312 |
| Activities | ||||||||
|---|---|---|---|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | |||||
| directly | costs | 2022 | 2021 | |||||
| E | E | E | ||||||
| Direct activity | 203,135 | 203,135 | 178,212 | |||||
| Governance | costs | 2,250 | 2,250 | 2,100 | ||||
| 203,135 | 2,250 | 205,385 | 180,312 | |||||
| 9. | Net income/(expenditure) | |||||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||||||
| 2022 | 2021 | |||||||
| F | E | |||||||
| Depreciation | oftangible fixed assets | 26,361 | 25,737 | |||||
| Operating lease rentals |
4,000 | 4,000 | ||||||
| 10. | Independent | examination | fees | |||||
| 2022 | 2021 | |||||||
| E | E | |||||||
| Fees payable | to the independent | examiner for: | ||||||
| Independent | examination | ofthe | financial | statements | 2,250 | 2,100 |
| Staff costs | ||||
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed as | follows: |
| 2022 | 2021 | |||
| Wages and salaries Social security costs |
92,977 1,024 |
83,417 | ||
| Employer contributions | to pension | plans | 2,788 | 4,875 |
| 96,789 | 88,292 |
| 13. | Tangible fixed asset | s | |||
|---|---|---|---|---|---|
| Freehold | Fixtures and | ||||
| property f |
fittings | Total f |
|||
| Cost | |||||
| At 6 April 2021 | 134,890 | 91,457 | 226,347 | ||
| Additions | 6,240 | 6,240 | |||
| At 5April 2022 | 134,890 | 97,697 | 232,587 | ||
| Depreciation | |||||
| At6April 2021 | 21,866 | 27,424 | 49,290 | ||
| Charge for the year | 11,784 | 14,577 | 26,361 | ||
| At 5April 2022 | 33,650 | 42,001 | 75,651 | ||
| Carrying amount |
|||||
| At 5April 2022 | 101,240 | 55,696 | 156,936 | ||
| At 5 April 2021 | 113,024 | 64,033 | 177,057 | ||
| 14. | Stocks | ||||
| 2022 f |
2021 | ||||
| Horses | 17,301 | 11,001 | |||
| 15. | Debtors | ||||
| 2022 f |
2021 f |
||||
| Trade debtors | 9,056 | ||||
| Other debtors | 41 | ||||
| 9,097 | |||||
| 16. | Creditors: amounts | falling due within one year | |||
| 2022 f |
2021 f |
||||
| Accruals and deferred | income | 2,220 | 3,227 | ||
| Other creditors | 3,200 | 4,800 | |||
| 5,420 | 8,027 |
| 19. | plans was f2 Government |
,788(2021 grants |
:E4,875). | :E4,875). | |||
|---|---|---|---|---|---|---|---|
| The amounts | recognised | in the financial statements | for government | grants are as follows: | |||
| 2022 | 2021 | ||||||
| 8 | E | ||||||
| Recognised | in income from donations | and legacies: | |||||
| Government | grants income |
9,080 | 7,689 | ||||
| 20. | Analysis of | charitable | funds |
| Unrestricted | funds | ||||
|---|---|---|---|---|---|
| At | At | ||||
| 6April 2021 | Income | Expenditure | 5April 2022 | ||
| E | 6 | ||||
| General funds | 249,839 | 225,824 | (200,085) | 275,578 | |
| Designated | funds | 5,300 | (5,300) | ||
| 255,139 | 225,824 | (205,385) | 275,578 | ||
| At | At | ||||
| 6April 2020 | Income | Expenditure | 5April 2021 | ||
| E | |||||
| General funds | 268,029 | 150,122 | (168,312) | 249,839 | |
| Designated | funds | 7,300 | (2,000) | 5,300 | |
| 268,029 | 157,422 | (180,312) | 255,139 |
| Unrestricted | Restricted | Restricted | Total Funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||||||||
| F | |||||||||||
| Tangible fixed | assets | 156,936 | 156,936 | ||||||||
| Current assets | 124,062 | 124,062 | |||||||||
| Creditors less | than 1 |
year | (5,420) | (5,420) | |||||||
| Creditors greater than | 1 year | ||||||||||
| Net assets | 275,578 | 275,578 | |||||||||
| Unrestricted | Restricted | Total Funds | |||||||||
| Funds | Funds | 2021 | |||||||||
| Tangible fixed | assets | 177,057 | 177,057 | ||||||||
| Current assets | 89,309 | 89,309 | |||||||||
| Creditors less | than 1 |
year | (3,227) | (3,227) | |||||||
| Creditors greater than | 1 year | (8,000) | (8,000) | ||||||||
| Net assets | 255,139 | 255,139 | |||||||||
| 22. | Analysis ofchanges | in net debt | |||||||||
| At | |||||||||||
| At6 Apr 2021 | Cash | flows | 5Apr 2022 | ||||||||
| F | 6 | ||||||||||
| Cash at bank and in hand | 69,211 | 37,550 | 106,761 | ||||||||
| 23. | Capital commitments | ||||||||||
| Capital expenditure contracted |
for but not | provided | for in the financial | statements | is as follows: | ||||||
| 2022 | 2021 | ||||||||||
| 6 | E | ||||||||||
| Tractor, heap container and replacement | lighting | 15,000 | |||||||||
| 24. | Operating lease commitments |
||||||||||
| The total future | minimum | lease | payments | under non-cancellable operating |
leases | are as follows: | |||||
| 2022 | 2021 | ||||||||||
| F. | F | ||||||||||
| Notlaterthan | 1 year | 4,000 | 4,000 | ||||||||
| Later than one | year and not later than five years | 16,000 | 16,000 | ||||||||
| Later than five | years | 11,000 | 15,000 |
| 2022f | 2021 6 |
||||
|---|---|---|---|---|---|
| Income and endowments | |||||
| Donations and legacies |
|||||
| Social care income | 116,249 | 95,189 | |||
| Riding lessons | 79,108 | 16,828 | |||
| Donations | 11,190 | 42,182 | |||
| Fund raising activities | 2.123 | 5,508 | |||
| Rent | 1,963 | ||||
| Government grant |
income | 9,080 | 7,689 | ||
| 219,713 | 167,396 | ||||
| Investment Income |
|||||
| Bank interest receivable | 26 | ||||
| Other income | |||||
| Gift aid | 6,105 | ||||
| Total income | 225,824 | 167,422 | |||
| Expenditure | |||||
| Expenditure on charitable |
activities | ||||
| Feed and bedding | 24,465 | 17,500 | |||
| Farrier | 2,400 | 3,000 | |||
| Yard roof and stable repairs | 7,946 | 6,913 | |||
| Wages and salaries | 92,977 | 83,417 | |||
| Employer's NIC |
1,024 | ||||
| Pension costs | 2,788 | 4,875 | |||
| Site lease | 4,000 | 4,000 | |||
| Equipment hire |
5,342 | 3,963 | |||
| Repairs, renewals | and | maintenance | 946 | 906 | |
| Subcontractor costs |
10,880 | 1,080 | |||
| Light and heat | 1,422 | 976 | |||
| Rug cleaning and repairs |
1,520 | 462 | |||
| Security costs | 3,600 | 4,212 | |||
| Insurance | 4,693 | 11,241 | |||
| Field rent | 3,640 | 3,640 | |||
| Manure removal |
2,568 | 1,508 | |||
| Website expenses | 190 | 96 | |||
| Advertising | 542 | 285 | |||
| Licence fees | 1,254 | ||||
| Subsistence | 310 | 416 | |||
| Legal and professional | fees | 1,680 | |||
| Independent examiners |
fees | 2,250 | 2,100 | ||
| Telephone | 240 | 216 | |||
| Printing, postage and stationery |
350 | 310 | |||
| Depreciation | 26,361 | 25,737 | |||
| Merchant charges | 1,420 | 459 | |||
| Staff training | 2,257 | 1,320 | |||
| 205,385 | 180,312 | ||||
| Total expenditure | 205,385 | 180,312 | |||
| Net incomei(expenditure) | 20,439 | (12,890) |
| 2022 | 2021 | |||
|---|---|---|---|---|
| R | E | |||
| Expenditure | ||||
| Expenditure on charitable |
activities | |||
| Feed and Bedding | 24,465 | 17,500 | ||
| Farrier | 2,400 | 3,000 | ||
| Yard Roofand Stable Repairs | 7,946 | 6,913 | ||
| Site Lease | 4,000 | 4,000 | ||
| Equipment hire |
5,342 | 3,963 | ||
| Repairs, renewals | and maintenance | 946 | 906 | |
| Rug cleaning and repairs |
1,520 | 462 | ||
| Field rent | 3,640 | 3,640 | ||
| Manure Removal |
2,568 | 1,508 | ||
| Wages/salad as | 92,977 | 83,417 | ||
| Employer's NIC |
1,024 | |||
| Employer's pension |
contributions | 2,788 | 4,875 | |
| subcontractor costs |
10,880 | 1,080 | ||
| Light &heat | 1,422 | 976 | ||
| Security costs | 3,600 | 4,212 | ||
| Insurance | 4,693 | 11,241 | ||
| Subsistence | 310 | 416 | ||
| Website expenses | 190 | 96 | ||
| Independent examiners fees |
2,250 | 2,100 | ||
| Legal and other professional | fees | 1,680 | ||
| Advertising | 542 | 285 | ||
| Licence fees | 1,254 | |||
| Telephone | 240 | 216 | ||
| Printing, postage and stationery |
350 | 310 | ||
| Depreciation | 26,361 | 25,737 | ||
| Merchant charges | 1,420 | 459 | ||
| Staff training | 2,257 | 1,320 | ||
| 205,385 | 180,312 | |||
| Expenditure on charitable |
activities | 205,385 | 180,312 |