# ## ## |||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|