2021-03-31-accounts

			Page
Reference and administrative	details ofthe charity, its Trustees and advisers
Trustees' report			3-7
Independent examiner's report			8-9
Statement offinancial activities			10
Balance sheet			11-12
Statement ofcash flows
Notes to the financial statements			14-30
The following pages do not form	part ofthe statutory	financial statements:

REFERENCE AND	ADMINISTRATIVE	DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS	DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS	DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS	DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS	DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS
	FOR THE YEAR ENDED 31				MARCH 2021
Trustees	Susan Margrethe		Collins,	Chair
	Susan Bridget	Ellenby
	Jonathan Evans
	Quailyn Gayadeen
	Oliver Harrison
	lmke Herholdt	(resigned		5August 2020)
	Naomi Kellman
	Julian White
	Philippa lsobel	Buchanan		(appointed	17	August 2020)
Company registered
number	05706817
Charity registered
number	1116027
Registered office	51 Millbrook Road
	London
	SW9 7JD
General Manager	Ms Naomi Howgate
Accountants	Maxwell 8 Co
	Registered Accountants			and Registered		Auditors
	9Abbey Business		Park
	Monks Walk
	Farnham
	Surrey
	GU9 8HT
Bankers	CAF Bank
	25 Kings Hill Avenue
	West Mailing
	Kent
	ME194JQ

						r
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	ful1ds
				2021	2021	2021	2020
			Note
Income from:
Donations and Riding fees and Investments	grants other income			484,121 15,590 162	116,217	600,338 15,590 162	419,920 61,894 376
Total income				499,873	116,217	616,090	482, 'l90
Expenditure on: Raising funds							9,982
Charitable activities:
Riding stables Governance				180,314 13,649	161,588	341,902 13,649	382,881 9,418
Other charitable activities				(166)		(166)
Total expenditure				193„797	161,588	355,385	402,281
Net movement	in funds			306,076	(45,371)	260,705	79,909
Reconciliation	offunds:
Total funds brought forward Net movement in funds				347,955 306,076	727,335 (45,371)	1,075,290 260,705	995,38I 79,909
				654,031	681,964	1,335„995	1,075,290
Total funds carried		forward

					2021		2020
			Note
Fixed assets
Tangible assets			15		693,879		733,5'I 7
Current assets
Debtors			16	39,899		65,031
Cash at bank and	in hand			695,806		506,257
				735,705		571,288
Creditors: amounts year	falling due within one			{93,589)		(209,5'I 5)
Net current assets					642,116		36'I,773
Total assets less	current liabilities				1,335,995		1,095,290
Creditors: amounts	falling due after more
than one year			18				(20,000)
Net assets excluding		pension asset			1,335,995		'I,O?5,290
Total net assets					1,335,995		1,075,290
Charity funds
Restricted funds					681,964		727,335
Unrestricted funds					654,031		347,955
Total funds					'l,335,995		1,075,290

					2021	2020
					f.
Cash flows from operating		activities
Net cash used in operating	activities				229,551	$65,353
Cash flows from investing		activities
Proceeds from the sale oftangible fixed			assets		3,000	4,000
Purchase oftangible fixed assets					(18,002)	(4,00'I)
Net cash used in investing		activities			(15,002)
Cash flows from financing		activities
Repayments of borrowing					(25,000)	('/0,000)
Net cash used in financing		activities			(25,000)	(10,000)
Change in cash and cash		equivalents	in	the year	189,549	155,352
Cash and cash equivalents		at the beginning		ofthe year	506,257	350,905
Cash and cash equivalents		at the end of		the year	695,806	506,257
The notes on pages 14to 30form part ofthese financial statements

		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
		f.
Donations	and grants	448,829	116,217	565,046
Government	grants	35,292		35,292
		484,121	116,217	600,338
		Unrestricted	Restricted	Total
		funds	funds	funds
		2020	2020	2020
Donations	and grants	303,358	1'i6,562	419,920

Grants and don		ations	-	un	restricted
						2021
April Trust						2,600
Bakers Company						1,000
Beaverbrook Foundation				Lady V		1,000
Chelsea Square		Trust				2,500
Co-Operative Bank						1,436
E 8 KTrust						5,000
IGY Foundation						50,000
John Laing Charitable			Trust			1,000
John R Murray						20,000
J Paul Getty Jnr						9,167
Liam Treadwell	Memoriam					1,554
Leathersellers						15,000
London Borough		Lambeth				4,500
Margaret Giffen		Charitable			Trust	20,000
Muli Charitable	Trust					5,000
Stephen Clarke						1,000
Sir Peter O'Sullevan						62,500
The Brown Sorce Trust						15,000
The Underwood		Trust				20,000
Vaseppi Trust						10,000
Items under F1,000						2,163
Donations						198,409
Total 2021						448,829

		Opening		Closing	Total
		deferred	Receivable	deferred	funds
		2021	2021	2021	2021
Allegra's Ambition		6,666			6,666
Greater London Authority		41,691		(15,360)	26,331
High Tree Community		2,135	25,953	(2,247)	25,841
London Borough of Lambeth			12,500		12,500
National Lottery			7,600		7,600
The London Community	Foundation		7,815	(966}	6,849
The Walcot Foundation		6,250	29,000	(6,250}	29,000
The Worship Company of Loriners		4,800		(4,800)
Items under E1,000			1,430		1,430
Total2021		61,542	84,298	(29,623)	116,217

					Unrestricted	Total
					funds	funds
					2Q21	2021
Investment	income	-	local	cash	162	162
					Unrestricted	Total
					funds	funds
					2020	2020
Investment	income	-	local	cash	376	376

Riding Stabl	es - Direct Costs
		2021	2020
Computer and IT		5,097	10,'/26
Depreciation		54,156	52, 'I 69
Loss (profit) on disposal offixed assets		650	300
Horse expenditure		30,930	29,692
Insurance		6,109	6,500
Licences and	permits	257	257
Miscellaneous		101	1,915
Staff Costs		201,856	205,466
Staff training	and recruitmennt	2,749	2,'/74
Printing, postage and stationery		1,413	'/,660
Property costs		28,341	37,804
Repairs		6,979	11,614
Staff welfare		1,055	1,764
Travel		426	'l,678
Website			l25
Young people		1,783	19,637
		341,902	382,881

Governance costs
	2021	2020
Accountancy	10,516	9,1/6
Bank charges	301	292
Examiners fees	1,440	(360)
Professional	1,392	370
	13,649	9,4'/8

		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
			f.
Computer and IT		5,097		5,097
Depreciation		8,785	45,371	54,156
Loss on disposal offixed assets		650		650
Horse expenditure		2,853	28,077	30,930
Insurance		6,109		6,109
Licences and	permits	257		257
Miscellaneous		101		101
Staff Costs		121,840	80,016	201,856
Staff training	and recruitment	2,749		2,749
Printing, postage and stationery		1,413		1,413
Property costs		22,000	6,341	2&,341
Repairs		6,979		6,979
Staff welfare		1,055		1,055
Travel		426		426
Young people			1,783	1,783
Total 2021		180,314	161,588	341,902

Staff costs
					2021	2020
Wages and	salaries				1&7,974	'l88,9f4
Social security costs					10,347	12,843
Contribution	to defined	contribution	pension	schemes	3,535	3,709
					201,856	205,466
Redundancy	payments	ofE9,975	were paid	in the year.

Redundancy	payments	ofE9,97	5were paid	in the year.
The average	number of	persons	employed	by the charity	during the year	was as follows:
						2021	2020
						No.	IVo.
Operational	and administration		staff
The average	headcount	expressed as full-time equivalents			was:
						2021	2020
						No.	No.
Operational	and administration		staff

		S.hort-term
		leasehold		Fixtures and	Computer
		property	Horses	fittings	equipment	Total
	Cost or valuation
	At 1 April 2020	1,133,988	24,476	35„384	7,489	1,201,337
	Additions	834	9,750	7,41S		18,002
	Disposals		(10,450)			(10,450)
	At 31 March 2021	1,134,822	23,776	42,802	7,489	1,208,889
	Depreciation
	At 1 April 2020	408,056	17,727	34,548	7,489	467,820
	Charge for the year	45,371	5,183	2,270		52,824
	On disposals		(5,634)			(5,634)
	At 31 March 2021	453,427	17,276	36,818	7„489	515,010
	Net book value
	At 31 March 2021	681,395	6,500	5,984		693,879
	At 31March 2020	725,932	6,749	836		733,5'I 7
16.	Debtors
					2021	2020
	Due within one year
	Trade debtors				24,021	49,968
	Other debtors				1,500
	Prepayments and accrued	income			14,37S
					39,899	65,03'I

						2021	2020
Other loans						5,000	'/0,000
Trade creditors						1,815	294
Accruals	and deferred			income		86„774	'/99,221
						93,589	209,515
						2021	2020
Deferred	income at		1	April 2020		190,709	'/58,906
Resources deferred			during the year			77,595	190,709
Amounts	released	from previous			periods	{190,709)	(158,906)
						77,595	190,709

				2021	2020
				f.
Later	than	5	years	423,723	446,793

				2021	2020
Operating	lease rentals			23,250	23,250
Changes	in lease payments	arising from CGVID-19 related	rent
concessions				(5,813)