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||||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|
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|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|||
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|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|
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|||||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|
##
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|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|
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||||||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|||
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|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|
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|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|
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|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|
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|19.|plans was f2
Government|,788(2021
grants|:E4,875).|:E4,875).|
|
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|---|---|---|---|---|---|---|---|
||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|
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||||||||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|
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|||||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)|
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||||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|