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 enhan￿S 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 a￿a. 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 g￿ater
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 (pa1dYre￿1Ved
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 e￿nOMiC 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
C￿dItorS 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