##
##
||||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|