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