2022-03-31-accounts - Ebony Horse Club

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			Page
Reference and administrative	details ofthe charity,	Its Trustees and advisers
Trustees' report			3-6
Independent examiner's report			7-8
Statement offinancial activities
Balance sheet			to- tt
Statement ofcash flows			12
Notes to the financial statements			13-28

				Unrestricted		Total	Total
				funds	Restricted funds	funds	funds
			Note	2022 8	2022 f	2022 f	2021f
Income from:
Donations and grants				530,277	162463	692,540	600,336
Riding fees and	other income			14,913		14,913	15,590
Investments				202		202	162
Total income				545,392	t62263	707,655	616,090
Expenditure on:
Chantable actiwties:
Riding stables				201,630	207,633	409,263	341,736
Governance				15,508		15,508	13,649
Total expenditure				219,138	205,633	424,771	355,365
Net movement	in funds			326,254	(43,370)	282,884	260,705
Reconciliation	offunds:
Total funds brought		forward		654,031	681,964	1,335,995	1,075,290
Net movement	in funds			326,254	(43,370)	282,884	260,705
Total funds carried		forward		980,285	638,594	1,618,879	1,335,995

					2022		2021
			Note		6
Fixed assets
Tangible assets			14		666,952		693,879
Current assets
Debtors			15	26,839		39,899
Cash at bank and	in hand			1,015,158		695,806
				1,041,997		735,705
Creditors: amounts	falling due within one year		16	(90,070)		(93,589)
Net current assets					951,927		842,118
Total assets less	current liabilities				1,618,879		1,335,995
Net assets excluding		pension asset			1,618,879		1,335,995
Total net assets					1,618,879		1,335,995
Charity funds
Restricted funds			17		638,594		881,964
Unrestncted funds			17		980,285		654,031
Total funds					1,618,879		1,335,995

				2022 6	2021f
Cash flows from operating	activities
Net cash used in operating	activities			353,952	229,551
Cash flows from investing	activities
Proceeds from the sale oftangible fixed assets				4,700	3,000
Purchase oftangible fixed assets				(34,300)	(18,002)
Net cash used In investing	activities			(29,600)	(15,002)
Cash flows from financing	activities
Repayments of borrowing				(5,000)	(25,000)
Net cash used in financing	activities			(5,000)	(25,000)
Change in cash and cash	equivalents in	the year		319,352	189,549
Cash and cash equivalents	at the beginning	ofthe year		695,806	506,257
Cash and cash equivalents	at the end of	the year		1,015,158	695,806
The notes on pages 13to 28 form part ofthese financial			statements

		Unrestricted	Restricted	Total
		funds	funds	funds
		2022	2022	2022
		6	6	f
Donations	and grants	530,277	162,263	692,540
		Unrestricted	Restricted	Total
		funds	funds	funds
		2021 6	2021f	2021 t
Donations	and grants	448,829	116,217	565,046
Government	grants	35,292		35,292
		484,121	116,217	600,338

					2022
					f
Allegra's Ambition					2,000
Apnl Trust					9,000
Beaverbrook Foundation				Lady V	1,000
Chelsea Square Trust					3,000
Derwent London					1,200
E & K Plunkett Memonal			Trust		5,000
Friends of Dulwich					1,000
Gauld & Bruckner					2,550
Horlock Educational		Trust			5,000
IGY Foundation					50,000
Itahann Mums					1,145
JHT The John Horseman					5,000
John Laing Charitable		Trust			1,000
LCS Studio Limited					1,500
London Community	Foundation				5,833
MacKenzie Green					5,000
MacTaggart Trust					2,000
Margaret Giffen Charitable				Trust	20,000
Robert Holman Memonal				Trust	2,000
The Brown Sores Trust					10,000
The Underwood Trust					22,500
Vaseppi Trust					10,000
Items under f1,000					7,555
Donations					356,994
Total2021					530,277

			Opening		Closing	Total
			defened	Receivable	deferred	funds
			2022	2022	2022	2022
				6	6	f
Allegro's Ambition				16,900	(8,375)	8,525
Greater London Authority			15,360			15,360
Ecosystem				39,760		39,760
The Childhood				5,000		5,000
Hialary Peachey				8,000	(3,333)	4,667
Derrill Alatt				10,000	(4,000)	6,000
Horlock Educational	Trust			10,000	(4,167)	5,833
High Tree Community			2,247	40,652	(9,797)	33,102
London Borough of Lambeth				16,000		16,000
The Prudence Trust				16,000		16,000
The London Community		Foundation	966	4,167	(4,167)	966
The Walcot Foundation			6,250			6,250
The Worship Company		of Loriners	4,800	4,500	(4,500)	4,800
Total 2022			29,623	170,979	(38,339)	162,263

			2022	2021f
	Computer and IT		6,819	5,097
	Depreciation		55,663	54,156
	Loss (profit) on disposal offixed assets			650
	Horse expenditure		49,201	30,930
	Insurance		7,386	6,109
	Licences and	permits	1,091	257
	Miscellaneous		2,173	101
	Stalf Costs		211,639	201,856
	Staff training	and recruitmennt	4,985	2,749
	Pnnting, postage and stationery		1,539	1,413
	Property costs		35,448	28,341
	Repairs		11,800	6,979
	Stalf welfare		1,743	1,055
	Travel		662	426
	Young people		18,250	1,783
			409,263	341,902
8.	Governance	costs
			2022	2021
				f
	Accountancy		10,872	10,516
	Bank charges		336	301
	Examiners fees		1,200	1,440
	Professional		3,100	1,392
			15,508	13,649

							Unrestricted	Unrestricted	Restricted	Total
								funds	funds	funds
								2022	2022	2022
								f	f	f
Computer end		IT						6,819		6,819
Depreciation								10,292	45,371	55,663
Loss on disposal offixed			assets					864
Horse expenditure								5,510	43,691	49,201
Insurance								5,386	2,000	7,386
Licences and	permits							1,091		1,091
Miscellaneous								2,173		2,173
Staff Costs							118,818		92,821	211,639
Staff training	and recruitment							4,985		4,985
Printing, postage and stationery								1,539		1,539
Property costs								29,948	5,500	35,448
Repairs								11,800		11,800
Staff welfare								1,743		1,743
Travel								662		662
Young people									18,250	18,250
Total 2022							201,630		207,633	409,263
Independent	examiner's		remuneration
									2022	2021
									f	f
Fees payable to the charity's charity's annual accounts				independent	examiner	for the independent	examination	ofthe	1,200

										2022 6	2021f
Wages and	salanes									196,543	187,974
Soaal secunty costs										11,197	10,347
Contribution	to defined	contribution			pension	schemes				3,900	3,535
										211,640	201,856
The average	number	of	persons	employed		by	the chanty	dunng	the year was as follows:
										2022	2021
										No.	No.
Operational	and administration			staff						10
The average	headcount		expressed		as full-time		equivalents	was:
										2022	2021
										No.	No.
Operational	and administration			staff						10

		Short-term
		leasehold		Fixtures and	Computer
		property	Horses	fittings	equipment	Total
			6	6		6
	Cost or valuation
	At 1 Apnl 2021	1,134,822	23,776	42,802	7,489	1,208,889
	Additions	14,110	18,900	1,290		34,300
	Disposals		(2,000)	(7,418)		(9,418)
	At 31 March 2022	1,148,932	40,676	36,674	7,489	1,233,771
	Depredation
	At 1 Apnl 2021	453,427	17,276	36,818	7,489	515,010
	Charge for the year	45,371	9,550	742		55,663
	On disposals		(2,000)	(1,854)		(3,854)
	At 31 March 2022	498,798	24,826	35,706	7,489	566,819
	Net book value
	At 31 March 2022	650,134	15,850			666,952
	At 31March 2021	681,395	6,500	5,984		693,879
15.	Debtors
					2022	2021
					6	8
	Due within one year
	Trade debtors				14,682	24,021
	Other debtors				1,500	1,500
	Prepayments and accrued income				10,657	14,378
					26,839	39,899

						2022 E	2021f
Otherlcans							5,000
Trade creditors						2,849	1,815
Other taxation and		senal security				3,824
Accruals	and deferred		income			83,397	86,774
						90,070	93,589
						2022	2021
						E
Deferred	income at 1 Apnl			2021		77,595	190,709
Resources deferred		during		the year		75,007	77,595
Amounts	released	from previous			periods	(77,595)	(190,709)
						75,007	77,595

		Balance at 1			Balance at 31
		April 2021	Income	Expenditure	March 2022
		6	6	6	6
Unrestricted	funds
General Funds	—all funds	654,031	545,392	(219,138)	980,285
Restricted funds
Restricted Fund	1	681,964	162,263	(205,633)	638,594
Total offunds		1,335,995	707,655	(424,771)	1,618,879

							Balance at			Balance st
							1 Apnt 2020	Income	ExpenCkture	31 March 2021
							6	6	6	6
	General	Funds - all funds					347,955	499,873	(193,797)	654,031
	Restricted		Fund		1		2,33	116,21	~161, 883	681,961
	Total of	funds					1,075,290	616,090	(355,385)	1,335,995
18.	Summary			offunds
	Summary			of	funds	- current year
							Balance at 1			Balance at 31
							April 2021	Income	Expenditure	March 2022
							6	6	6	6
	General	funds					654,031	545,392	(219,138)	980,285
	Restricted		funds				681,964	162,263	(205,633)	638,594
							1,335,995	707,655	(424,771)	1,618,879
	Summary			of	funds	- prior year
							Balance at			Balance at
							1 Apnt 2020	Income	Expendkture	31 March 2021
							6	6	6	6
	General	funds					347,955	499,873	(193,797)	654,031
	Restncted		funds				727,335	116,217	(161,588)	681,964
							1,075,290	616,090	(355,385)	1,335,995

					Unrestricted	Restricted	Total
					funds	funds	funds
					2022	2022	2022
					6	6	6
Tangible	fixed	assets			16,817	650,135	666,952
Current	assets				1,015,198	26,799	1,041,997
Creditors	due	within	one	year	(51,730)	(38,340)	(90,070)
Total					980,285	638,594	1,618,879

					Unreslnc/ed	Reklncled	Total
					funds	funds	funds
					2021	2021	2021
					6
Tangible	fixed	assets			12,484	681,395	693,879
Current	assets				735,136	569	735,705
Creditors	due	within	one	year	/93,589)		(93,589)
Total					654,031	681,964	1,335,995

				2022 6	2021f
				282,684	260,705
Net income for the year (as per Statement of Finanaal			Activities)
AdJustments for:
Depreciation charges				55,663	52,824
Loss on sale ofAxed	assets				1,816
Decrease in debtors				13,060	25,132
(Decrease)/Increase	in creditors			1,481	(110,926)
Net cash provided	by operating	activities		353,952	229,551

				At 31 March
		At 1 April 2021	Cash flows	2022
			6	8
		6
Cash	at bank and in hand	695,806	319,352	1,015,158
Debt	due withi ~ 1 year	(5,000)	5,000
		690,806	324,352	1,015,158

									2022	2021f
Later than	5	years							400,473	423,723
The following		lease payments	and	changes	i~ lease payments		have been recognised	in the Statement	offinancial	activities:
									2022 6	2021f
Operating	lease rentals								23,250	23,250
Changes	in	lease payments	arising	from COVIO-19 related		rent	concessions			(5,813)