2023-04-05-accounts - The Stables Horse Activity Centre

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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 ofthe financial statements
Detailed statement offinancial activities		19
Notes to the detailed statement	offinancial activities	20

Reference	and administrative	and administrative	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
				Ms Elaine Munro
				Karen JChenery
				Claire EWicking
				Ann M Gruszkos
Company	secretary			Elaine Munro
Independent		examiner		Paul Phillips FCA
				Brian Paul Limited
				Chase Green House
				42 Chase Side
				Enfield
				Middlesex
				EN2 6NF

Year ende	d	5April 2	023
						2023		2022
						Unrestricted
						funds	Total funds	Total funds
					Note			f
Income and	endowments
Donations and		legacies			4	199,328	199,328	219,713
Investment	income				5	364	364	6
Other income					6	5,286	5,286	6,105
Total income						204,978	204,978	225,824
Expenditure
Expenditure	on	charitable	activities		7,8	190,384	190,384	205,385
Taxation					9	69	69
Total expenditure						190,453	190,453	205,385
Net income	and net movement			in funds		14,525	14,525	20,439
Reconciliation		offunds
Total funds	brought forward					275,578	275,578	255,139
Total funds	carried forward					290,103	290,103	275,578

5April 2023
				Note	2023 f	2022 5
Fixed assets
Tangible fixed assets				14	141,923	156,936
Current assets
Stocks				15	17,301	17,301
Debtors				16	9,000
Cash at bank and	in	hand			124,801	106,761
					151,102	124,062
Creditors: amounts		falling	due within one year	17	2,922	5,420
Net current assets					148,180	118,642
Total assets less	current		liabilities		290,103	275,578
Net assets					290,103	275,578
Funds ofthe charity
Unrestricted funds					290,103	275,578
Total charity funds				20	290,103	275,578

Year ended 5April 20	2	3
				2023	2022
Cash flows from operating		activities
Net income				14,525	20,439
Adjustments for:
Depreciation oftangible fixed assets				15,013	26,361
Government grant income					(9,080)
Other interest receivable and		similar income		(364)	(6)
Interest payable and similar	charges			1,352	1,420
Taxation				69
Accrued expenses/(income)				632	(1,007)
Changesin:
Stocks					(6,300)
Trade and other debtors				(9,000)	9,097
Trade and other creditors				(3,200)	(4,800)
Cash generated from operations				19,027	36,124
Interest paid				(1,352)	(1,420)
Interest received				364	6
Net cash from operating activities				18,040	34,710
Cash flows from investing		activities
Purchase oftangible assets					(6,240)
Net cash used in investing	activities				(6,240)
Cash flows from financing		activities
Government grant income					9,080
Net cash from financing activities					9,080
Net increase in cash and	cash equivalents			18,040	37,550
Cash and cash equivalents		at beginning	ofyear	106,761	69,211
Cash and cash equivalents		at end ofyear		124,801	106,761

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
			6
Donations
Social care	income	137,176	137,176	116,249	116,249
Riding lessons		50,162	50,162	79,108	79,108
Donations		4,388	4,388	11,190	11,190
Fundraising	activities	5,003	5,003	2,123	2,123
Rent		2,600	2,600	1,963	1,963
Grants
Government	grant income			9,080	9,080
		199,328	199,328	219,713	219,713

nvestment i	ncome
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		E		E	E
Bank interest	receivable	364	364	6	6
Other income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
			E	E
Gift aid		5,286	5,286	6,105	6,105
Expenditure	on charitable	activities by fund type
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
			E	E	E
Direct activity		188.084	188,084	203,135	203,135
Governance	costs	2,300	2,300	2,250	2,250
		190,384	190,384	205,385	205,385

Expenditure	on charitable ac	tivities by activity type
		Activities
		undertaken	Support	Total funds	Total fund
		directly	costs	2023	2022
		E	E	E
Direct activity		188,084		188,084	203,135
Governance	costs		2,300	2,300	2,250
		188,084	2,300	190,384	205,385

Taxation Major components oftax expense
	2023	2022
	E
Current tax:
UK current tax expense	69
Taxation	69

	ofcorporation	tax in the U	K of1	9%(2022:19%).
					2023	2022
					6	8
	Income before taxation				14,594	20,439
	Income by rate oftax
10.	Net income
	Net income is stated after		charging/(crediting):
					2023	2022
						6
	Depreciation	oftangible fixed assets			15,013	26,361
	Operating lease rentals				4,000	4,000
11.	Independent	examination	fees
					2023	2022
					6
	Fees payable	to the independent		examiner for:
	Independent	examination	ofthe	financial statements	2,300	2,250

Staffcos	ts
The total	staif costs and	employee	benefits for the reporting	pediod are analysed as	follows:
				2023	2022
				6	8
Wages and salaries				90,090	92,977
Social security costs				961	1,024
Employer	contributions	to pension	plans	3,271	2,788
				94,322	96,789

Yea	r ended 5April 20	r ended 5April 20	r ended 5April 20	23
14.	Tangible fixed assets
					Freehold	Fixtures and
					property	fittings	Total
						F	8
	Cost
	At 6 April	2022 and 5		April 2023	134,890	97,697	232,587
	Depreciation
	At 6April	2022			33,650	42,001	75,651
	Charge for the year				11,785	3,228	15,013
	At 5April	2023			45,435	45,229	90,664
	Carrying	amount
	At 5April	2023			89,455	52,468	141,923
	At 5April	2022			101,240	55,696	156,936
15.	Stocks
						2023	2022
	Horses					17,301	17,301
16.	Debtors
						2023	2022
						6	F
	Trade debtors					9,000
17.	Creditors: amounts		falling due within one year
						2023 f	2022 8
	Accruals	and deferred		income		2,852	2,220
	Corporation tax					70
	Other creditors						3,200
						2,922	5,420

Government	grants	grants
The amounts	recognised in the financial statements		for government	grants are as follows:
				2023 f	2022 f
Recognised	in income from donations	and legacies:
Government	grants income				9,080

20.	Analysis ofchadtable funds	Analysis ofchadtable funds	Analysis ofchadtable funds
	Unrestricted funds
				At			At
				6April 2022	Income	Expenditure f	5April 2023
	General funds			275,578	204,978	(190,453)	290,103
				At			At
				6April 2021 f	Income f	Expenditure f	5April 2022 f
	General funds			249,839	225,824	(200,085)	275,578
	Designated funds			5,300		(5,300)
				255,139	225,824	(205,385)	275,578
21.	Analysis ofnet assets between funds
						Unrestricted	TotalFunds
						Funds f	2023 f
	Tangible fixed assets					141,923	141,923
	Current assets					151,101	151,101
	Creditors less than	1	year			(2,921)	(2,921)
	Net assets					290,103	290,103
						Unrestricted	Total Funds
						Funds f	2022
	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
22.	Analysis ofchanges		in net debt
							At
					At 6 Apr 2022 f	Cash flows f	5Apr 2023 f
	Cash at bank and in hand				106,761	18,040	124,801

he total future	minimum lease payments under non-cancellabl	e operating leases are	as follows:
		2023	2022
		E
Not later than	1 year	4,000	4,000
Later than one	year and not later than five years	16,000	16,000
Later than five	years	7,000	11,000

			2023f	2022f
			2023f	2022f
Income and endowments
Donations and legacies
Social care income			137,176	116,249
Riding sales			50,162	79,108
Donations			4,388	11,190
Fundraising activities			5,003	2,123
Rent			2,600	1,963
Government grant income				9,080
			199,328	219,713
Investment income
Bank interest receivable			364
Otherincome
Gift aid			5,286	6,105
Total income			204,978	225,824
Expenditure
Feed and bedding			28,082	24,465
Farrier			3,075	2,400
Yard roof and stable repairs			7,392	7,946
Wages and salaries			90,090	92,977
Employer's NIC			961	1,024
Pension costs			3,271	2,788
Site lease			4,000	4,000
Equipment hires			5,619	5,342
Repairs, renewals,		and maintenance	2,757	946
Subcontractor costs			7,347	10,880
Light and heat			1,230	1,422
Rug cleaning and	repairs		2,202	1,520
Security costs			3,600	3,600
Insurance			4,700	4,693
Field rent			2,123	3,640
Manure removal			2,433	2,568
Website expense			190	190
Advertising			508	542
Licence fees				1,254
Subsistence			366	310
Independent examiners fees			2,300	2,250
Telephone			216	240
Printing postage	and stationery		110	350
Depreciation			15,013	26,361
Merchant charges			1,352	1,420
Staff training			1,447	2,257
			190,384	205,385
Current taxation	charge/credit		69
Total expenditure			190,453	205,385
Net Income			14,525	20,439

			2023	2022
			6	E
Expenditure
Expenditure on charitable		activities
Feed and bedding			28,082	24,465
Farrier			3,075	2,400
Yard roof and stable repairs			7,392	7,946
Wages and salaries			90,090	92,977
Employer's NIC			961	1,024
Pension costs			3,271	2,788
Site lease			4,000	4,000
Equipment hires			5,619	5,342
Repairs, renewals,	and maintenance		2,757	946
Subcontractor costs			7,347	10,880
Light and heat			1,230	1,422
Rug cleaning and repairs			2,202	1,520
Security costs			3,600	3,600
Insurance			4,700	4,693
Field rent			2,123	3,640
Manure removal			2,433	2,568
Website expense			190	190
Advertising			508	542
Licence fees				1,254
Subsistence			366	310
Independent examiners fees			2,300	2,250
Telephone			216	240
Printing postage and stationery			110	350
Depreciation			15,013	26,361
Merchant charges			1,352	1,420
Staff training			1,447	2,257
			190,384	205,385
Expenditure on charitable		activities	190,384	205,385