| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1-17 | ||
| Report ofthe Independent | Auditors | 18-21 | |
| Statement of Financial |
Activities | 22 | |
| Balance Sheet | 23-25 | ||
| Cash Flow Statement | |||
| Notes to the Financial | Statements | 27-38 |
| Year | ||||||
|---|---|---|---|---|---|---|
| Ended | ||||||
| 31 Aug 22 | 31 Aug 21 | |||||
| Unrestricted | Restricted | Designated | Total | Total | ||
| Fund | Funds | Fund | Fund | Fund | ||
| 6 | F | |||||
| INCOME AND | ||||||
| ENDOWMENTS FROM |
||||||
| Donations and legacies |
2 | 443,638 | 443,638 | 465,229 | ||
| Charitable activities |
5 | |||||
| Horse welfare | 20,900 | 20,900 | 17,797 | |||
| Education and therapy |
121,545 | 121,545 | 186,001 | |||
| Fundraising activities |
3 | 39,531 | 39,531 | 23,236 | ||
| Investment income |
4 | 221 | 221 | 367 | ||
| Other income | 10,814 | 10,814 | 8,482 | |||
| Total | 494,204 | 142,445 | 636,649 | 701,112 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 6 | 145,350 | 145,350 | 127,066 | ||
| Chadtable activities |
7 | |||||
| I-lorse welfare | 213,661 | 24,720 | 238,381 | 187,178 | ||
| Education and therapy |
91,285 | 140,471 | 231,756 | 214,465 | ||
| Total | 450,296 | 165,191 | 615,487 | 528,709 | ||
| NET EXPENDITURE/(tNCOMI | 43,908 | (22,746) | 21,1,62 | 172,403 | ||
| Transfers between funds |
17 | |||||
| Piet movement in funds |
43,908 | (22,746) | 21,162 | 172,403 | ||
| RECONCILIATION OFFUNDS | ||||||
| Total funds brought forward | 431,546 | 85,735 | 293,646 | 810,927 | 638,524 | |
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 475,454 | 62,989 | 293,646 | 832,089 | 810,927 |
| 31 Aug 22 | 31 Aug 21 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Designated | Total | Total | |||
| Fund | Funds | Fund | Fund | Fund | |||
| FIXEDASSETS | |||||||
| Tangible assets Intangible assets |
12 12a |
35,461 15,222 |
41,825 | 43,646 | 120,932 15,222 |
9'l,423 27,826 |
|
| 50,683 | 41,825 | 43,646 | 136,154 | 119,249 | |||
| CURRENT ASSETS | |||||||
| Stocks | 'i3 | 16.919 | 16,919 | 16,205 | |||
| Debtors | 14 | 16,097 | 16,097 | 45,170 | |||
| Prepayments and income |
accrued | 14 | 24,118 | 24,118 | 17,732 | ||
| Cash at bank and | in hand | 395,190 | 21,164 | 250,000 | 666,354 | 634,688 | |
| 452,324 | 21,164 | 250,000 | 723,488 | 713,795 | |||
| CREDITORS | |||||||
| Accounts falling due within | |||||||
| one | |||||||
| year | 15 | (27,553) | (27,553) | (22,117) | |||
| NET CURRENT ASSETS | 424, 771 | 21,164 | 250,000 | 695,935 | 691,678 | ||
| TOTAL ASSETS | LESS | ||||||
| CURRENT LIABILITIES | 475,454 | 62,989 | 293,646 | 832,089 | 810,927 | ||
| NET ASSETS | 475,454 | 62,989 | 293,646 | 832,089 | 810,927 |
| 31 Aug 22 | 31 Aug 21 | |||
|---|---|---|---|---|
| Total | Total | |||
| Fund | Fund | |||
| Notes | 8 | |||
| 16 | ||||
| FUNDS | ||||
| Unrestricted Funds: |
||||
| General Fund |
475,454 | 431,546 | ||
| Restricted Funds: | ||||
| Restricted Funds— | Education | 12,149 | 60,477 | |
| Restricted Funds— | Outside classroom | 1,785 | 2, 125 | |
| Restricted Funds- Restncted Funds- |
Classroom Poo picker |
4, 131 2,627 |
6,216 3,318 |
|
| Restdicted Funds— | CCTV | 8,659 | ||
| Restricted Funds— Restricted Funds— |
Bungalow Sensory garden |
28,432 1,202 |
1,607 | |
| Restricted Funds- | Garden | 670 | 504 | |
| Restncted Funds- | Kickstart | |||
| Restncted Funds— | CRM | 3,334 | 6,667 | |
| Restricted Funds— | Horses | 4,820 | ||
| 62,989 | 85,735 | |||
| Designated Fund |
||||
| Property Purchase | 293,646 | 293,646 | ||
| TOTAL FUNDS | 832,089 | 810,921 |
| 31 Aug 22 | 31 Aug 21 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities: | |||||
| Cash generated from operations |
20 | 82,840 | 179,142 | |||
| Finance costs | (599) | (724) | ||||
| Net cash provided by (used in) operating |
activities | 82,241 | 178,418 | |||
| Cash flows from investing | activities: | |||||
| Purchase oftangible fixed assets | (49,012) | (55,197) | ||||
| Purchase of intangible fixed sale oftangible fixed assets |
assets | (1,784) | (10,878) | |||
| Interest received | 221 | 367 | ||||
| Net cash provided by (used in) investing |
activities | (50,575) | (65,708) | |||
| Cash and cash equivalents | in the | |||||
| reporting period |
31,666 | 112,710 | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 634,688 | 521,978 | |||
| Change in cash and cash | equivalents | at | the end | |||
| Ofthe reporting period |
666,354 | 634,688 |
| Depreciation is provided at the follow estimated useful life. |
ing annual raiies in order |
|---|---|
| Improvements to property |
-10%on cost |
| Plant and machinery | —25% on cost |
| Fixtures and fittings | -25% on cost |
| Motor vehicles | -20% on cost |
| Intangible assets | -25% on cost |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| Year ended | Year ended | |
| 31 Aug 22 | 3'!Aug 21 | |
| 6 | F | |
| Donations | 98,457 | 140,547 |
| Gift Aid | 3,709 | 8,976 |
| Legacies | 205,970 | 191,000 |
| Grants | 135,502 | 123,942 |
| Donated services and facilities | 764 | |
| 443,638 | 465,229 |
| Grants re | ceived, included in the above, ar |
e as follows: | |
|---|---|---|---|
| Year ended | Year ended | ||
| 31 A'ug 22 | 31 Aug 21 | ||
| Retraining | ofRacehorses | 62,000 | 76,000 |
| Va do us | 73,502 | 44,125 | |
| HMRC CJRS | 3,817 | ||
| 'I35,502 | 123,942 |
| 3. | FUNDRAISING | ACTIVITIES | ||
|---|---|---|---|---|
| Year ended | Year ended | |||
| 31 Aug 22 | 31 Aug 21 | |||
| 8 | 8 | |||
| Sale of merchandise | 250 | 401 | ||
| Sponsorships | 4,000 | 2,494 | ||
| Lottery | 7,354 | 7,832 | ||
| Newbury | 11,162 | 154 | ||
| Appeals | 16,627 | 12,190 | ||
| Walk ofFame | 138 | 165 | ||
| 39,531 | 23,236 | |||
| 4. | INVESThllENT | INCOIIE | ||
| Year ended | Year ended | |||
| 31 Aug 22 | 31 Aug 21 | |||
| 8 | ||||
| Deposit account | interest | 221 | 367 |
| Year ended | Year ended | Year | Year | ended | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 31 | Aug 22 | 31 | Aug 22 | |||||||
| E | E | |||||||||
| Activity | ||||||||||
| Horse welfare | Horse welfare | 20,900 | 17,797 | |||||||
| Grants | Horse welfare | |||||||||
| 20,900 | 17,797 | |||||||||
| Education | &Therapy | |||||||||
| prog ramrnes | Education | &Therapy | 39,315 | 118,828 | ||||||
| Grants | Education | 8 Therapy | 82,230 | 67,375 | ||||||
| 121,545 | 186,001 | |||||||||
| 6. | RAISING | FUNDS COSTS | ||||||||
| Raising donations | and legacies | |||||||||
| Year | ended | Year | ended | |||||||
| 31 Aug 22 | 31 | Aug 21 | ||||||||
| 6 | ||||||||||
| Staff costs | 53,450 | 43,879 | ||||||||
| Open Oay | 232 | 158 | ||||||||
| Newbury | 14,861 | |||||||||
| Appeals | 1,130 | 866 | ||||||||
| Walk of Fame | 79 | 172 | ||||||||
| Merchandise | 248 | |||||||||
| Lottery | 4,367 | 4,261 | ||||||||
| Support costs | 71,23'I | 77,482 | ||||||||
| 145,350 | 127,066 |
| 7. | CHARITABLE ACTIVITIES | COSTS | |||||
| Direct costs f |
Suppoit costs | Totalsf | |||||
| Horse welfare | 140,570 | 97,811 | 238,381 | ||||
| Education | 8 Therapy | 143,985 | 87,771 | 231,756 | |||
| 284,555 | 185,582 | 470,137 | |||||
| 8. | SUPPORT | COSTS | |||||
| Management | Finance | Information | Human | ||||
| technology f |
Resources | ||||||
| Raising donations | and | ||||||
| legacies | 44,162 | 6,522 | 12,795 | 2,874 | |||
| Horse welfare | 70,659 | 6,521 | 4,265 | 1,436 | |||
| Education | 8 Therapy | 61,826 | 6,522 | 4,265 | 2,874 | ||
| 176,647 | 19,565 | 21,325 | 7,184 | ||||
| General | Governance | ||||||
| costsf | costsf | Totals f. |
|||||
| Raising donations | and | ||||||
| legacies | 2,646 | 2,232 | 71,231 | ||||
| Horse welfare | 12,326 | 2,604 | 97,811 | ||||
| Education | &Therapy | 9,680 | 2,604 | 87,771 | |||
| 24,652 | 7,440 | 256,813 |
| Yearended | Year ended | ||
|---|---|---|---|
| 31 Aug 22f | 31 Aug 21f | ||
| Auditing | ofaccounts | 4,800 | 4,800 |
| Other non-audit services |
2,640 | 2,640 | |
| Depreciation —owned assets | 33,891 | 28,066 | |
| Hire of | plant and machinery | 4,952 | 4,028 |
| Surplus | on disposal offixed asset |
| Year ended | Year ended | ||
|---|---|---|---|
| 31 Aug 22 | 31 Aug 21 | ||
| 6 | |||
| Wages | and salaries | 278,718 | 233,223 |
| Social | security costs | 24,809 | 18,213 |
| Other | pension costs | 5,597 | 10,132 |
| 309,124 | 261,568 |
| as follows: | |
|---|---|
| Year ended | Year ended |
| 31 Aug 22 | 31 Aug 21 |
| 8 | |
| 12 |
| TANGIBLE FIXEDASSETS | ||||
|---|---|---|---|---|
| Short | Improvements | Plant and | ||
| Land | leasehold 6 |
to propertyf | machinery | |
| COST | ||||
| At 1 September 2021 | 43,646 | 3,055 | 198,494 | 131,404 |
| Additions | 17,994 | 20,460 | ||
| Disposals | ||||
| At 31 August 2022 | 43,646 | 3,055 | 216,488 | 151,864 |
| DEPRECIATION | ||||
| At 1 September 2021 | 1,910 | 175,714 | 109,773 | |
| Charge for year | 3B2 | 5,370 | 11,54B | |
| Disposals | ||||
| At 31 August 2022 | 2,292 | '181,084 | 12'l,619 | |
| NET BOOK VALUE | ||||
| At 31 August 2022 | 43,646 | 763 | 35,404 | 30,245 |
| At 31 August 2021 | 43,646 | 1,145 | 22,811 | 21,191 |
| Fixtures and |
||||
| Fittings | Motor vehicles | Totals | ||
| COST | ||||
| At 1 September 2021 | 65,369 | 50,527 | 492,495 | |
| Additions | 10,558 | 49,012 | ||
| Disposals | ||||
| At 31 August 2022 | 75,927 | 50,527 | 541,507 | |
| DEPRECIATION | ||||
| At 1 September 2021 | 63,148 | 50,527 | 401,072 | |
| Charge for year | 1,905 | 19,503 | ||
| Disposals | ||||
| At 31 August 2022 | 65,053 | 50,527 | 420,575 | |
| NET BOOK VALUE | ||||
| At 31 August 2022 | 'l0,874 | 120,932 | ||
| At 31 August 2021 | 2,630 | 91,423 |
| 12A. | INTANGIBLE A | SSETS | ||||
|---|---|---|---|---|---|---|
| Year ended | Year ended | |||||
| 31 Aug 22 | 31 Aug 21 | |||||
| 6 | ||||||
| B/fwd | 50,538 | 39,660 | ||||
| Additions | 1,784 | 10,878 | ||||
| 52,322 | 50,538 | |||||
| 8/fwd | 22,712 | 8,690 | ||||
| Charge for year | 14,388 | 14,022 | ||||
| 37,100 | 22,712 | |||||
| Net book value | at 31 August | 15,222 | 27,826 | |||
| 13. | STOCKS | |||||
| Year ended | Year ended | |||||
| 31 Aug 22 | 31 Aug 21 | |||||
| Stocks | 16,919 | 16,205 | ||||
| 14. | DEBTORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 31 Aug 22 | 31 Aug 21 | |||||
| 8 | ||||||
| Trade debtors | 16,097 | 45,170 | ||||
| Prepayrnents | 16,383 | 11,566 | ||||
| Accrued income | 7,735 | 6,166 | ||||
| 40,215 | 62,902 | |||||
| 15. | CREDITORS; AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||
| 31 Aug 22 | 31 Aug 21 | |||||
| Trade creditors | 8,118 | 3,648 | ||||
| Social security and other | taxes | 7,427 | 7,674 | |||
| Auto Enrolment | Pension | 1,192 | 929. | |||
| Accruals and deferred | income | 10,816 | 9,866 | |||
| 27,553 | 22,117 |
| IIOVEME | NT IN |
FUNDS | ||||
|---|---|---|---|---|---|---|
| Net movement | Transfers | |||||
| in funds | between | |||||
| 31 Aug 21 | funds | 31 Aug 22 | ||||
| 6 | F | 6 | ||||
| Unrestricted funds |
||||||
| General fund |
431,546 | 43,908 | 474,454 | |||
| Restricted | funds: | |||||
| Restricted | Funds | —Education | 60,477 | ('48,328) | 12,149 | |
| Restricted | Funds | - Outside classroom | 2,125 | (340) | 1,785 | |
| Restricted Restricted |
Funds Funda |
- Classroom —Pcc picker |
6,216 3,31O |
(2,085) (692) |
4,131 2,627 |
|
| Restdicted | Funds | —CCTV | 8,659 | 8,659 | ||
| Restricted | Funds | - Bungalow | 28,432 | 28,432 | ||
| Restricted | Funds | - Sensory garden | 'I,607 | (405) | 'I,202 | |
| Restricted | Funds | - Garden | 504 | 166 | 670 | |
| Restricted | Funds | - KIcitstart | ||||
| Restricted | Funds | - CRM | 6,667 | (3,333) | 3,334 | |
| Restricted | Funds | - Horses | 4,820 | (4,820) | ||
| 85,735 | (22,746) | 62,989 | ||||
| Designated | Fund | |||||
| Properly Purchase |
293,646 | 293,646 | ||||
| TOTAL FUNDS | 810,927 | 21,162 | 832,089 |
| MOVEMENT IN F |
UNDS —continued | ||||
|---|---|---|---|---|---|
| Transfer | !Vlovement | ||||
| Income | Expenditure | Funds | |||
| F | E | E | |||
| Net movement in |
funds, includecl |
||||
| In the above are as follows:— | |||||
| Unrestricted funds |
494,204 | (450,296) | 43,908 | ||
| General fund |
|||||
| Restricted funds | |||||
| Restricted Funds | - Education | 68,145 | (116,473) | (48,328) | |
| Restricted Funds | - Outside classroom | (340) | (340) | ||
| Restricted Funds | - Ciassroorn | (2,055) | (2,055) | ||
| Restdicted Funds | —Poo picker | (692) | (692) | ||
| Restricted Funds | —CCTV | 16,400 | (2,850) | (4,891) | 8,659 |
| Restricted Funds | - Bungalow | 24,960 | (2,4'I 9) | 5,891 | 28,432 |
| Restricted Funds | - Sensory garden | (405) | (405) | ||
| Restdicted Funds | - Garden | 324 | (158) | 166 | |
| Restdicted Funds | - Kickstart | 1,716 | (1,716) | ||
| Restricted Funds | - CRM | 10,000 | (13,333) | (3,333) | |
| Restricted Funds | - Horses | 20,900 | (24,720) | (1,000) | (4,820) |
| 142,445 | (165,191) | (22,746) | |||
| Designated Fund |
|||||
| Properly Purchase | |||||
| TOTAL FUNDS | 636,649 | (615,487) | 21,162 |
| Year ended | Year ended | ||||
|---|---|---|---|---|---|
| 31 Aug 22 | 31 Aug 21 | ||||
| 6 | |||||
| Net income forthe | reporting | period (as per the statement | |||
| offinancial activities) |
21,,162 | 172,403 | |||
| Adjustments for: |
|||||
| Depreciation charges |
33,891 | 42,085 | |||
| Profit on disposal of | fixed assets | ||||
| Interest received | (22t) | (367) | |||
| Finance costs | 599 | 724 | |||
| Decrease/(Increase) | in stocks | (714) | (7,424) | ||
| Decrease/(Increase) | in debtors | 22,687 | (27,111) | ||
| (increase)/Decrease | in creditors | 5,436 | (1,168) | ||
| 82,840 | 179,142 | ||||
| OPERATING LEASES | |||||
| Total future minimum |
payments | under non-cancellable | leases | ||
| are as follows: |
| 31 Aug 22 | 31 Aug 21 | |||
|---|---|---|---|---|
| Lease | on | property | 9 | 8 |
| Within | 1 year | 42,500 | 42,500 | |
| More | than | 1 year | 42,500 | 85,000 |
| Year | ended | Year ended | ||||
|---|---|---|---|---|---|---|
| 31 Aug 22 | 31 Aug 2'I | |||||
| 6 | S | |||||
| INCOME AND | ENDOWMENTS | |||||
| Donations and |
legacies | |||||
| Donations | 98,457 | 'I40,547 | ||||
| Gift aid | 3,709 | 8,976 | ||||
| Legacies | 205,970 | 191,000 | ||||
| Grants | 129,225 | 123,942 | ||||
| Donated services and | facilities | 764 | ||||
| 437,361 | 465,229 | |||||
| Fundraising activities |
||||||
| Sale of merchandise | 250 | 401 | ||||
| Sponsorshlps | 4,000 | 2,494 | ||||
| Lottery | 7,354 | 7,832 | ||||
| Newbury | 1'l,162 | 154 | ||||
| Appeals | 16,627 | 12,190 | ||||
| Sundry activities | 138 | 165 | ||||
| 39,531 | 23,236 | |||||
| Investment income |
||||||
| Deposit account | interest | 221 | 367 | |||
| Charitable activities |
||||||
| Education and |
therapy | programrnes | 39,315 | 118,626 | ||
| Horse welfare | 26,177 | 17,797 | ||||
| Grants | 83,230 | 67,375 | ||||
| 148,722 | 203,798 | |||||
| Other income | ||||||
| Gain on sale of | tangible | fixed assets | ||||
| Livery | ||||||
| Miscellaneous | income | 172 | 515 | |||
| Rural farm payment | 'I0,642 | 7,967 | ||||
| 10,814 | 8,482 | |||||
| Total incoming | resources | 636,649 | 701,112 |
| Year | ended | Year | |||
|---|---|---|---|---|---|
| ended | |||||
| 31 Aug 22 | 31 Aug 21 | ||||
| E | |||||
| EXPENDITURE | |||||
| Raising donations | and legacies | ||||
| Wages | 46,869 | 39,000 | |||
| Social security | 5,420 | 4,166 | |||
| Pensions | 1,161 | 983 | |||
| Open day | 232 | 158 | |||
| Newbury | 14,861 | ||||
| Appeals | 1,130 | 666 | |||
| Walk offame | 79 | 172 | |||
| Purchases | 248 | ||||
| Lottery and just | giving costs | 4,367 | 4,261 | ||
| 74,119 | 49,584 | ||||
| Chadtable activities |
|||||
| Wages | 191,849 | 154,228 | |||
| Social security | 14,942 | 9,743 | |||
| Pensions | 3,423 | 8,136 | |||
| Education expenses | 305 | ||||
| Veterinary costs |
18,372 | 22,676 | |||
| Fsrriers costs | 9,883 | 7,521 | |||
| Equiprneni repair and renewals |
9,521 | 9,974 | |||
| Feed and other | horse costs | 23,751 | 21,049 | ||
| Sensory garden | depreciation | 662 | 1,281 | ||
| Plant and machinery | depreciation | 11,847 | 14,632 | ||
| Motor vehicles depreciation | 5,229 | ||||
| 284,555 | 254,469 |
| Year ended | Year ended | |||
|---|---|---|---|---|
| 31 Aug 22 | 31 Aug 21f | |||
| Supportcosts | ||||
| Ilil an age ment | ||||
| Wages | 40,000 | 40,000 | ||
| Social security | 4,447 | 4,304 | ||
| Pensions | 1,013 | 1,013 | ||
| Hire of photocopier | 4,952 | 4,028 | ||
| Rates end water | 5,280 | 4,306 | ||
| Insurance | 11,430 | 15,588 | ||
| Light and heat | 15,563 | 17,182 | ||
| Cleaning | 2,255 | 1,938 | ||
| Advertising | 307 | 1,335 | ||
| Premises expenses | 27,518 | 13,970 | ||
| Rent | 42,500 | 42,500 | ||
| Health and safety |
||||
| Short leasehold | depreciation | 382 | 382 | |
| Improvements | to property | depreciation | 4,707 | 3,527 |
| Fixtures and fittings depreciation | 1,905 | 3,010 | ||
| Intangible depreciation |
14,388 | 14,022 | ||
| 176,647 | 167,105 | |||
| Finance | ||||
| Hire of credit card terminal | 711 | 945 | ||
| Bookkeeping | 9,748 | 9,220 | ||
| Postage and stationery | 2,739 | 2,953 | ||
| Bank charges | 2,521 | 2,999 | ||
| I egal and professional | 3,247 | 4,379 | ||
| Credit charges | 599 | 724 | ||
| 19,565 | 21,220 | |||
| Information Technology |
||||
| Telephone | 2,908 | 4,419 | ||
| Computer costs | 17,403 | 6,160 | ||
| Website costs | 1,014 | 612 | ||
| 21,325 | 11,191 |
| Year ended | Year ended | |||
|---|---|---|---|---|
| 31 Aug 22 | 31 Aug 21 | |||
| 6 | 6 | |||
| Human resources |
||||
| HR Insurance | 2,560 | 2,655 | ||
| Other staff casts | 1,923 | 277 | ||
| Recruitment | 59 | 228 | ||
| Staff training | 2,642 | 2,340 | ||
| 7,184 | 5,500 | |||
| General Costs | ||||
| Waste disposal | 2,580 | 2,507 | ||
| Motor expenses | 7,790 | 5,917 | ||
| Travelling | 307 | 180 | ||
| Subscriptions | 2,053 | 1,318 | ||
| Licences | 928 | 753 | ||
| Subsistence | ||||
| Refreshments | 262 | 517 | ||
| Sub-contract | workers | 10,444 | ||
| Sunddies | 288 | 238 | ||
| Doubtful debts | 770 | |||
| 24,652 | 12,200 | |||
| Governance | costs | |||
| Auditors' remuneration |
7,440 | 7,440 | ||
| Trustee meeting | costs | |||
| Accountancy | fees | |||
| 7,440 | 7,440 | |||
| Total resources | expended | 615,487 | 528,709 | |
| Net income | 21,162 | 172,403 |