CHARITY REGISTRATION NUMBER: 1108451 The Stables Horse Activity Centre Unaudited Financial Statements 5 April 2024 BRIAN PAUL LIMITED Chartered Accountsnts Chase Green House 42 Chase Side Enfield Middlesex EN2 6NF
The Stables Horse Activity Centre Financial Statements Year ended 5 April 2024 Pag8 Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Statement of cash flows Notes to the financial statements 10 The following pages do not form part of the financial statements Detailed statement of financial activities 18 Notes to the detailed statement of financial activities 20
The Stables Horse Activity Centre Trusteos. Annual Report Year ended S April 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2024. Reference and admlnlstratlve details Reglstered charlty name The Stables Horse Activity Centre Charfty reglstratlon number 1108451 Prlnclpal offlce 180 Scotland Green Road North, Enfield Middlesex EN3 7AT United Kingdom The truste•s James Flannery (Chairman)- Deceased 0910712024 Teresa Bull Michaelle St Vincent Ms Elain8 Munro Karen J Chenery Claire E Wicking Ann M Gruszkos Company secretary Elaine Munro Independent examlner Parvez Dalal ACA, FCCA Chase Green House 42 Chase Side Enfield Middlesex EN2 6NF structure, governance and management The charity is an unincorporated entity. registered with the Charity Commission of England and Wales. It is governed in accordance with the provisions set out in the trust deeds adopted on the 14th day of November 2004. Trustees may be appointed under Ihe terms of the Irust deed only with the power to co-opt until subsequent general meetings to fill casual vacancies as and when they may arise. The charity is administered by its Trustees. In particular the executive committee are charged with the day-to-day administration of its activities.
The Stables Horse Activity Centre Trustees. Annual Report (Contlnued) Year ended 5 April 2024 ObJectlv•s and actlvities The Stables Horse Activity Centre was founded in 1994 by William Marshall who had a vision of running a purpose built fully integrated riding centre. William, a trained social worker and deputy manager of Fieldways Day Centre in Bamet, was a keen horseman who knew the holistic benefits that equine therapy could bring. Originally set up as part of Fieldways and funded by Bamet Council. we started life with 2 horses and a shed to keep them in and an empty field. The clients who attended the day centre spent time with the horses as part of the day care activities. In 2005. Fieldways Day Centre was closed and The Stables Horse Activity Centre charity set up to take over the running of the stables. From these humble beginnings, we have grown over the last 30 years to a fully functioning yard with 22 horses, providing riding. equine Iherapy and classes in horse care and stable management. We are licensed by Bamet Council and have a five-star rdting. It is our experience that working with. and riding horses develops confidence. raises self-esteem. boosts mental health and well-being and enhanS the lives of our clients, the majorty of whom have etther leaming andlor physical disabilities or come from socially deprived local areas. We don't look at the disability. but the ability, helping people enrich their lives. We have created a very special family. The Stables Horse Activity Centre works with local social services. schools and specialist social care providers. We provide a range of support and services to a wide range of clients with diverse needs: . Soclal Care Students We have around 10 social care students who come lo the Stables during the week to work. looking after the horses. Some of our students have been with us since we opened and have not only developed relationships with the horses, but also each other and the whole team in a safe and secur8 environment. The Stables enhances their lives, by providing social interactions and enhancing confidence and life skills. Our students have also been working towards the City & Guilds Horse Care qualification. All new students are risk assessed before attending the Stables to ensure we are fully aware of and can manage their needs. Weekday Rlding Therapy Lessons We work with special schools and ¢entres for people with complex disabilities offering over 700 riding therapy lessons a year. The lessons are highly specialised for small groups. tailored to the specific needs of that group. For riders with physical disabilities. riding helps provide physiotherapy, providing a sense of freedom as well as improving motor function, posture. building muscles, increased balance and coordination. For riders with learning disabilities or on the autislic spectrum, it helps improve social interactions, cognitive and language skills. and creates an emotional bond. Weekend Riding Lessons The Stables is situated in a socially deprived area of Bamet. and we have many riders from 5 - 65+ from the local aa. We run over 2,500 riding lessons throughout the year. The lessons are opportunities for disabled children and young people to ride with their non-disabled peers. further embedding the principles of community integration. The benefrts are immense. with gater understanding. acceptance and respect of people who may be different to you. This combined with the team effort of working with and riding the horses makes for great community. As many of our clients are vulnerable. we have fully implemented a range of policies which are regularly reviewed, and the team are trained on them including role play situations to embed their leaming:
The Stables Horse Activity Centre Trustees. Annual Report (continuod) Year ended 5 April 2024 Health & Safety Policy Safeguarding Policy Risk Assessment All staff are DBS (Disclosure and Barring Service) checked and have attended First Aid Courses. They have also attended OrkIng with individuals with learning disabilities, and 'safeguarding' courses. We have a trustee responsible for safeguarding and stsff and where appropriate. trustees are DBS (Disclosure and Barring Service) checked as well. Our team The success of The Stables hinges on our experienced employed team supported by our fantastic volunteers. without whom we could not operate. Samantha Harrison - Stables Manager. Sam has been with the Stables since November 2010 and has a BA(Hons) Equine Business Management Second Class Honours (Upper Division) 2.1. Sam has also completed her BHS Stage 2 and BHS Stage 3. Sam is studying rider biomechanics with Mary Wanless. Maisie Patrick Managerllnstructor. Maisie rejoined The Stables in September 2023 as an InstructorlGroom and is providing maternity cover for Samantha who started maternity leave in January 2024. Zsuzsanna Lazar - Assistant Manager. Zsuzsanna has been with the Stables since June 2015 and has completed her Level 3 Diploma Work-based Horse Care and Management and Level 3 certificate in the Principles of Horse Care and Management. Zsuzsanna successfully passed her City & Guilds Coaching certificate during the year. Kirsty Lonsdale Apprentice. Kirsty joined The Stables in September 2022 having been a long-tenn volunteer for over 10 years. Kirsty is currently studying for her Level 3 Diploma Work-based Horse Care and Management. Deanna Hall Weekend Administrator. Deanna joined the Stables in August 2022 working on Saturday to take payments and book lessons. Sasha Davis - Groom. Sasha, an experienced groom. joined the Stables in June 2023 and has started her coaching course with us. Lucy Chapman - Instructor. Lucy joined the Stables in June 2023 as a part-time instructor. Jacob de Burca - Groom. Jacob Joined the Stables in October 2023 as a weekend groom Our volunteers help out with many jobs around The Stables, as well as leading horses and ponies for riding lessons, tack cleaning, evening yard checks and tireless fund raising. We owe everyone an immense debt of gratitude.
The Stables Horse Activity Centre Trustees. Annual Report (¢onflnue Year ended 5 April 2024 Aehl•v•m•nts and performance 2023124 has been a highly successful year for The Stables, with increased income ensuring our financial stability and allowing us to strengthen our reseNes. This has been the most successful year in the history of the charity. Our income from our social care students has remained static as the number of students and pricing remained the same. Rrding lesson income has increased dramatically to £142.283 (2023: £69,321). This is due to several elements; increase of our pricing with effect from April 2023. recruitment of a Saturday & Sunday instructor. introduction of pony days during the summer holidays, maximising our weekday lessons and some school groups returning to us. There is still huge demand for riding lessons especially for those wrth leaming andlor physical disabilities. We benefitted from a grant from Seneca Trust of £6,000 to assist with new fencing. We also ran several fund-raising activities during the year including our annual Fun Day raising £5,670. We did not make any grant applications. We continue to renl out our land to 8 local s8curity company Overall, our revenue increased by £71,041 on the previous year. We Continue to keep a tight control of our costs. however as with all businesses our costs have increased during the year. Staffing costs increased again this year but is at the necessary level to provide our services. Vet, Hay and feed costs have increased as well. We invested in 2 new horses during the year as our current horses are getting old. Unfortunately, despite 5-Star vetting, one of the horses got colic and died around a month after purchase. On a 'like for like, basis, excluding the new horses purchases, year on year other running costs have increased by 280/0. We had a major inspection for our riding school licence this year and we successfully maintained our 5-star licence rating from Barnet Council. Overall. the Trustees believe The Stables has performed very well this year and this has enabled us to continue to stabilise our financial position. We would like to thank all our staff for all their hard work this year. Looking Forward We continue to focus on our Gore clients. being those with learning andlor physical disabilities and maintaining our values of riding for all, iThespective of background or ability in an inclusive environment. We slill need to recruit more weekday students, and this will be the Trustees priority during 2024125 as some of our existing students are getting older and may in a few years, time, stop coming to The Stables. We do need to make some investmenls and spend some of our reserves. Our fencing which was originally put up over 15 years ago needs replacing. At over 300 metres this is a significant cost estimated around £15,000. We also need to purchase more horses to future proof the yard.
The Stables Horse Activity Centre Trustees. Annual Report (¢ontlnued) Year ended 5 April 2024 Financlal revl•w Th charity received riding donations of £266,524 {2023.' £191,726), raised funds of £5,670 (2023: £5.003), rent of £2,400 (2023: £2,600). gift aid of £Nil (2023: £5,286) and earned inlarest of £1,426 (2023: £364) during the year ended 5th April 2024. Total gross income for th8 period was over the £250.000 threshold but gross assets held by the charity did not exceed £3.26m. Consequently. no audit is required. and no request thereof has been received by the Trustees. Expenditure on projecls and running costs were £246,888 (2023: £190.453) resulting in an increased fund balance as of 5th April, 2024 of £319.234 (2023: £290,103) Reserve policy The Trustees consider it prudent to maintain an adequate balance of unrestricted funds to cover running costs for a period of 6 months. As of 5th April 2022, the reserves held as unrestricted funds, which have not been designated or invested in fixed assets were £165,709 (2023: £124,527). These funds would cover our expenditure for 7 Months. The trustees, annual report was approved on Igi•2+... and signed on behalf of the board of trustees by: Ms Elalne Munro Trustee
The Stables Horse Activity Centre Independent Examiner's Report to the Trustees of The Stables Horse Activity Centre Year ended 5 Aprll 2024 I report to the truslees on my examination of the financial statements of The Stables Horse Activity Centre (Yhe charity,) for the year ended 5 April 2024. Responslbilities and basis of report As the trustees of the charity. you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Acl 2011 {'the Act.). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying oul my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examlnerfs statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales {ICAEW), which is one of the lisled tx)dies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving m8 cause to believe that in any malerial respect: accounting records were not kept in spect of the charity as required by section 130 of the the financial statements do not accord with those records: or the financial ststements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other Ihan any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no olher matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached. Parvez Dalal ACA, FCCA Independent Examlner Brian Paul Limited Chase Green Hous• 42 Chase Slde Enfield Middlesex EN2 6NF
The Stables Horse Activity Centre Statement of Financial Activities Year ended 5 April 2024 2024 Unrestricted funds Total funds Total funds 2023 Note Income and endowments Donations and legacies Investmenl income Other income 274,593 1.426 274,593 1.426 199,328 364 5,286 Total Income 276,019 276.019 204,978 Expendltur• Expenditure on charitable aclivities Taxation 246.888 246,888 190,384 69 Total expenditure 246,888 246,888 190.453 Net Income and net movement in funds 29.131 29.131 14.525 Reconciliatlon of funds Total funds brought for4vard Total funds carrlod forward 290.103 290,103 275.578 319,234 319.234 290,103 The statemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Tho notes on pages 10 to 16 fomi part of thoso financial statements.
The Stables Horse Activity Centre Statement of Financial Posltlon 5 April 2024 2024 2023 Note Flxed assets Tangible fixed assets 14 124,935 141,923 Current assets Stocks Debtors Cash at bank and in hand 15 16 24.801 6.486 165.782 17,301 9.000 124.801 197,069 151.102 Credltors: amounts falllng due withln one year Net current ass•ts 17 2.770 2.922 194,299 148.180 Total assets less current Ilabllltles 319,234 290,103 Net assets 319.234 290,103 Funds of the charlty Unrestricted funds 319.234 290,103 Total charlty funds 20 319.234 290,103 These financial statemenls were approved by the board of trustees and authorised for issue on and are signed on behalf of the board by- Ms Elaine Munro Trust•e The notes on pages 10 to 16 form part of these financial statements.
The Stables Horse Activity Centre ststement of Cash Flows Year ended 5 April 2024 2024 2023 Cash flows from operating activities Net income 29.131 14.525 Adjustments for.. Depreciation of tangible fixed assets Other interest receivable and Similar income Interest payable and similar charges Taxation Accrued (income)lexpenses 16.988 (1,426) 437 15.013 {364) 1,352 69 632 (82) Changes in.. Stocks Trade and other debtors Trade and other creditors (7,500) 2.514 {9,000} (3.200) 19,027 Cash generated from operations 40,062 Interest paid Interest received Tax (pa1dYre1Ved Net cash from operating activities (437) 1.426 {70) 40.981 (1.352) 364 18,040 Not increase in cash and cash •quival•nts Cash and cash equlvalents at beginning of year Cash and cash equivalents at end of year 40,981 124,801 18,040 106.761 165.782 124,801 The notes on pages 10 to 16 forni part of these financial statements.
The Stables Horse Activity Centre Notes to the Financial Statements Year ended 5 April 2024 General infomiation The charity is an unincorporated entity and registered under the charity commission in England and Wales. The address of the registered office is 180 Scotland Green Road North, Enfield, Middles6x, EN3 7AT and business address is Bamet Lane. Barnet. London. EN5 2DN. Statement of compllance These financial statements have been prepared in accordance with the Charity's Twsl Deed. the Charities Act 2011 and "Accounting and Réporting by Charities: Slatement of Recommended Practice applicable to charities prèparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefi't Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following Ihe Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice. which is referred to in the Regulations. but which has since been withdrawn Accountlng policies Basis of preparation The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the enb'ty. Going concern There are no material uncertainties about the charity's abilty to continue. Judgemonts and key sources of estimation uncertainty In producing these accounts, the trustees have considered accounting policies and relevant estimates. In the trustee's opinion and to the best of their knowledge significant accounting entries are based upon facts. However. these accounts do include estimates in relation to useful life of assets and immaterial accruals. Taxatlon Value added tax is not recoverable by the charity and as such is included in the relevant costs on the Statement of Financial Activities and the Statement of Financial Position on the matching basis of accounting. The company is not subject to direct taxation on its charitable activities. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sukKlass8s: restricted income fijnds or endowment funds. 10
The Stables Horse Activity Centre Notes to the Flnanclal Statements (continu•d) Year ended 5 April 2024 3. Accoiinting policies (continued) Incoming resources All income is induded in the statement of financial activities when entitlement has passed to the charity, it is probable thal the enOMiC benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following sp8¢ifi¢ policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of enlitlement to the gift, receipt is probable, and its amount can be measured reliably. legacy income is recognised when receipt is probable, and entitlement is established. ncome from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted sèrvice. This is classified as unrestricted funds unless there is a contractual requirement for it to be spenl on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities lo which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activrties Ihey contribute to on a reasonable, justifiable and consistent basis. Operating leases Lease payments are recognised as an expense over the lease tenn on a straight-line basis. The aggregale benefit of lease incentives is recognised as a reduction to expense over the lease tem. on a straight-line basis. Tangible assets Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulated depreciation and impaimient losses. 3. AcGounting policies (continued)
The Stables Horse Activity Centre Notes to the Financial Ststements (ct)ntlnued) Year ended 5 April 2024 Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value. over the useful economic life of that asset as follows: Freehold property Fixtures and fittings Between 10 - 20 years Between 3 - 25 years Slocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present 5ocation and condition. Financlal Instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Dofined Gonlrlbutlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Donations and legacles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Social care income Riding lessons Donations Fundraising activities Rent 113.120 142,283 11.120 5,670 2,400 113,120 142.283 11,120 5,670 2,400 137,176 50,162 4,388 5,003 2,600 137.176 50,162 4.388 5,003 2,600 274,593 274.593 199,328 199,328 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 1.426 1,426 364 364 12
The Stsbles Horse Activity Centre Notes to the Financial Statements (contlnuedj Year ended 5 Aprll 2024 Othér Incomè Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Gift aid 5,286 5.286 Expenditure on Charltable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Direct activity Governance costs 244,488 2.400 244.488 2,400 246,888 188,084 2,300 190,384 188.084 2,300 246,888 190.384 Expenditure on charitable activities by actlvlty type Activities undertaken directly Support Total funds costs 2024 Total fund 2023 Direct activity Govemance costs 244.488 244,488 2,400 188,084 2,300 2,400 2,400 244.488 246,888 190,384 Taxatlon Major components of tax expense 2024 2023 Current tax: UK current tax expense Taxatlon 69 69 Reconclllatlon of tax expense The tax assessed on the income for the year is the same as (2023: the same as) the standard rale of corporation tax in the UK of 190/0 (2023: 19°A). 2024 2023 Income before taxation 29,131 14,594 Income by rate of tax 69 13
The Stables Horse Activity Centre Notes to the Financlal Statements (contlnu8d) Year ended 5 April 2024 10. Net income Net income is stated after chargingl(crediting)'. 2024 2023 Depreciation of tangible fixed assets Operating lease rentsls 11. Independént examlnatlon fees 16,988 4.000 15.013 4,000 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 2,400 2.300 12. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans 117.257 2,069 3,784 90,090 961 3.271 123,110 94.322 The average number of full-time equivalent employees during the year is analysed as follows: 2024 2023 No. No. Number of staff No employee received employee benefits of more than £60,000 during the year (2023: Nil). 13. Trustee remuneratlon and exponses The charity has not met any individual expenses incurred by the trustees. 14. Tangible flxed assets Freehold Fixtures and property fittings Total Cost At 6 Aprfl 2023 and 5 Aprll 2024 D•preciatlon At 6 April 2023 Charge for the year At S April 2024 Carying amount At 5 Aprfl 2024 At 5 April 2023 134,890 97,697 232,587 45.435 11.785 45,229 5,203 90,664 16,988 57,220 50,432 107.652 77,670 47.265 124,935 89,455 52.468 141,923 14
The Stables Horse Activity Centre Notes to the Financial Statements (¢onllnued) Year ended 5 April 2024 15. Stocks 2024 2023 Horses Cost at 6 Aprll 2023 and 5 Aprll 2024 17,301 17,301 Additions At 5 April 2024 13,500 Dlsposals 5 April 2024 {6.000) Carrying amount At 5 April 2024 24,801 17,301 At 5 April 2023 17,301 17,301 16. Debtors 2024 2023 Trade debtors Prepayments 5.486 1,000 9.000 6.486 9.000 17. Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income Corporation tax 2.770 2,852 70 2.770 2.922 18. Deflned Contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £3.784 (2023: £3.271). 19. Analysls of charitable funds Unrestricted funds At 6 April 2023 At Income Expenditure 5 Aprll 2024 General funds 290,103 276,019 (246,888) 319.234 At 6 April 2022 At Income Expenditure 5 April 2023 General funds 275,578 204.978 {1go,453) 290.103 15
The Stables Horse Activity Centre Notes to the Financial Statements (¢ontlnued) Year ended 5 April 2024 21. Analysls of net assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 124.935 197.069 (2,770) 319.234 124,935 197,069 (2,770) 319,234 Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets CdItorS less Ihan 1 year Net assets 141.923 151.101 (2,921) 290,103 141,923 151,101 {2,921) 290.103 22. Analysis of changes in net debt At At 6 Apr 2023 Cash flows 5 Apr 2024 Cash at bank and in hand 124,801 40,981 165,782 23. Operating lease commitments The total future minimum lease payments under non-cancellable operating leases are as follows: 2024 2023 Not later than 1 year Later than one year and not later than five years Later than five years 4.000 16,000 3,000 4.000 16,000 7,000 The charity also rent a field at the cosl of £6.000.00 {2023: £3,640) per annum however the agreement is due to end 24th July 2024. 16
The Stables Horse Activity Centre Management Information Year ended 5 April 2024 The following pages do not fomi part of the financial statements. 17
The Stables Horse Activity Centre Detailed Statement of Financial Activities Year ended 5 April 2024 2024 2023 Income and endowments Donatlons and legacies Social care income Riding sales Donations Fundraising activities Rent 113,120 142,283 11,120 5.670 2.400 137,176 50.162 4,388 5.003 2.600 274.593 199.328 Investment income Bank interest receivable 1.426 364 Other Income Gift aid 5.286 Total Income 276,019 204,978 Expendlture Feed and bedding Farrier Yard roof and stable repairs Wages and salaries Employerfs NIC Pension costs Site lease Equipment hires Repairs, renewals and mainlenance Subcontractor costs Light and heat Rug cleaning and repairs Security costs Insurance Field Rent Manure removal Webslte expense Advertising Licence fees Subsisten Independent examiners fees Telephone Printing postage and slationery Depreciation Merchant charges Slaff training 38,738 2,400 7,466 117,257 2,069 3.784 4,000 5,598 8,384 6.620 1,737 1,927 3,600 4.895 5,971 2.664 253 28,082 3,075 7,392 90,090 961 3,271 4,000 5,619 2.757 7.347 1.230 2.202 3.600 4.700 2,123 2,433 190 508 172 2,540 2,400 248 272 16.988 2.690 4.215 366 2.300 216 110 15,013 1,352 1,447 246,888 190.384 Taxation Current taxation chargelcredit 69 Total expendltur• 246.888 190,453 18
The Stables Horse Activity Centre Detalled Statement of Financial Activities (contlnu•d) Year ended 5 April 2024 2024 2023 Net income 29,131 14,525
The Stables Horse Activity Centre Notes to the Detailed Statement of Financial Activities Year ended 5 April 2024 2024 2023 Expendlture Expendlture on charltable actlvltles Feed and B6dding Farrier Yard Roof and Stable Repairs Wages and salaries Employer's NIC Pension costs Site Lease Equipment hires Repairs. renewals and maintenance Subcontractor costs Light and heat Rug cleaning and repairs Security costs Insurance Field rent Manure Removal Website expenses Advertising Licence fees Subsistence Independent examiners fees Telephone Printing, postage and ststionery Depreciation Merchant charges Staff training 38,738 2,400 7,466 117,257 2,069 3,784 4.000 5.598 8,384 6,620 1,737 1,927 3,600 4,895 5,971 2,664 253 28,082 3,075 7,392 90,090 961 3271 4.000 5.619 2,757 7,347 1.230 2.202 3,600 4,700 2,123 2,433 190 508 172 2.540 2.400 248 272 16,988 2,690 4,215 366 2,300 216 110 15.013 1,352 1.447 246,888 190,384 Expenditure on charltabl• activities 246.888 190.384 20